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be dooby doo. scooby dooby doo. euro is a waste are you as dollars and it's. a. yeah this is the kaiser report where we don't the right there show just right and some of these guys just you know commit fraud on an hourly basis we just sit back and tell y'all about it print fund stacy ever max in fact is a global bank heist going on and you can see that in the tweets here's the first one from reuters business bank of england injects seventy eight billion dollars of monetary stimulus and here's a tweet from the a.p.

a few moments later european central bank cuts mean interest rate by a quarter point to a record low of point seven five percent that's right low rates. low rate. we've been talking about this for years because speculators want low rates to fund their suspect of the bets and squeeze out the entrepreneurs squeeze out the savers squeeze out wages keep rates really low the library scandal is about keeping rates low by manipulating rates quantitative easing is about keeping rates low by engaging in radical central bank policies like operation twist e.c.b. lowering rates is about central bank collusion with other banks to keep rates near zero to fund speculation to squeeze out population of workers and savers well max in fact it's a bank robbery i think and they're the bank robbers are posing a speculators in some situations but i'm going to compare this to one of the most famous bank robbers in american history william willie sutton he was born in one

thousand one and died in one thousand nine hundred was a profit us bank robber during his forty year criminal career he stole an estimated two million dollars from one hundred banks and he's known for the urban legend that he said that that he robbed banks because that's where the money is today you don't rob banks unless you're an idiot you rob the central banks because that's where the credit is and you rob it through now willie sutton was famous for using tommy thompson. today the modern equivalent is derivatives there at least eight hundred trillion perhaps one point two quadrillion even more that are used in order to hold up the central banks of the world and tell them give us all your credit now high frequency trading is the tommy gun of this era use to rob banks. borrow rob about there's jamie diamond in his time again or lloyd blankfein over to goldman sachs and as tommy gun rob rob rob rob rob rob rob rob rob is robber barons

on high frequency trading i mean if the robber barons were alive today they'd be high frequency trading and lloyd blankfein is a robber baron africans are treading well for further. evidence of this assertion of mine that they're robbing the global central banks of the credit available whatever credit remains in the system you know willie sutton said he robbed banks with the tommy gun because you can't rob a bank on charm and personality so we're going to go to a charmless guy without personality bob diamond and piece admit they let diamond slip away ahead of inquiry vote so several members of the commons treasury select committee have admitted that the banking chief was able to get away with a vase of an implausible answers during a three hour appearance before them yesterday he appeared on able to provide straight answers he repeatedly strayed off topic and at times appeared unable to understand simple questions this is his posing as a bimbo oh i don't know nothing oh young man over there guarding the ses can you

help me i drop my little bag here and he bends over and shows this to the m.p.'s and they open. literally the following day the bank of england said here's fifty billy. exactly why the bank avail of follow up with bob's larceny larceny by another fifty billion pounds in stimulus remember when the long term capital management america got caught stealing. greenspan lower interest rates but i want to live in a bob diamond in front of that inquiry and it was like a weasel all vaseline you know the guy's questioning on the economy trying to grab this weasel that slab of himself in vaseline and you know you squish is out there oh you squishes out that way i guess that comes and let handy when he's down on all gompa street later but what else you got so let's look at everybody else let's look at the ways that people around the world nations around the world are trying to fight back against these bank robbers these bimbo bank robbers france sees public

investment bank by year end. arno. france's minister for productive recovery said a public investment bank will be created by the end of the year private banks he said are not sufficiently interested in the real economy preferring to be active in global markets and the confusion between the role of savings banks and investment banks has many adverse effects he concluded that it's absurd that banks post indecent margins at the cost of crushing our industrial conned me and setting profit margins at fifteen percent and the realm of unscrupulousness and indecency will france is leading the way on this idea of a new category of law for financial indecency for financial pornography to try to apply some negative stigma to these guys who commit these frauds bob diamond should be ashamed to show his face for the financial indecency that he's been involved with the same way that anyone who's caught you know surfing for pornography on the web or for child pornography on the web would be you know not want to show their

face in america when somebody is caught you know having this type of lawbreaking going on they have to tell their neighbors that they are involved in this program or they're not allowed to be within two miles of a school of children bob diamond should be required to tell his neighbors that he was caught stealing money essentially and that nobody should get anywhere near him what the wallet or a billfold or a checking account because he has a propensity to steal it from you ok but as willie sutton the legend goes would said that he robbed banks because that's where the money is so even if you create a public bank that is supposed to just help your domestic economy to help your domestic small and medium sized enterprises well there is already a bank like this and that's in germany k f w bank now here's a headline from september two thousand and eight up or over german banks pay out to lehman brothers yes as the rest of the financial community was scrambling to get its money out of government owned german lender k f w gave lehman brothers one.

i've been called a parting shot in the arm transferring three hundred million euros to the investment bank on the same day that it filed for bankruptcy it was a currency swap max it ended up becoming a one sided deal because of course lehman brothers went broke and was unable to transfer it back to the five hundred million dollars that was supposed to be in exchange for this three hundred million euro. bank german bank public bank was swindled out of the shoes multi-billion dollar lehman collapse nightmare and the people of germany have had to pay for that the people of germany should be more conservative value bank than any you know subsidies that may or may not be going the way of greece but again like i'm saying if a bank has money a central bank has credit they use this this is where the credit and the money is so that's where bank robbers go it's not accidental doesn't matter how much security you put in front of the bank they're going to try to steal and rob it so even if they have to pose as the bank's c.e.o.

in this case. was the new c.e.o. of bank brought in only two weeks before authorizing this transfer to lehman brothers and he called it an accidental transfer oh wow it sounds like the j.p. morgan situation where that two billion dollars was accidentally taken out of the m.f. global accounts hoops yes so again you know in the headlines to build the biggest magazine in germany read germany's dumbest bank k f w again the bimbo route to the bimbo disguise you know i got this until i got this idea of maybe get americans to save more by creating the k.f.c. bank so they think it's going talking fried chicken and they go in there to gorge themselves on fried chicken or mashed potatoes you charge them five or ten percent put into a savings bank and so you know as i said willie sutton said he never robbed a bank when a woman screamed her baby cried so at least he had some integrity he there was a limit to who he wouldn't kill he wouldn't mean he wouldn't hurt

a woman he wouldn't. heard of little baby but these bank robbers of today max they have no scruples like this they don't care they'll pull out a tommy gun trading their credit default swap experience to blow up your economy destroy your economy they're going to take the i.m.f. as the supernational unelected organization that's going to force these debts onto your economy and that brings us max to the irish crash worst since the great depression of course willie sutton was active during the great depression days ireland's bank crash is the most expensive and deepest of any economy since the great depression says a new i.m.f. report the fund said that ireland is the only country to suffer from fiscal cost increases in public debt and output losses due to a banking crisis and it said there is no sign of conclusion in the debt crisis this came out during the library scandal so nobody really paid attention to this but here's an economy that what that is in a crisis due to out right bank robbery yeah angle irish you know they stole all the

countries fortunes and they still pay off and i know irish because you're right when the entire population has our money stolen not just a few people but men women children everybody that's a financial genocide go to the headache for crimes against humanity and you know take it up on the human rights issue well max again let's talk about that more specifically because i'm talking about bank robbery so you said that the irish people are having to pay the anglo-irish secured bondholders why because of the tommy. of derivatives that's right they're using the weapon of high frequency derivatives to steal the half of the robber barons and the people live in a state of terror they live in a terror a terrorized state that's correct they've had their wild stolen and this is not stopping as a matter of fact the central banks are aiding and abetting by making the cost of ammunition cheaper the ammunition of course is zero percent interest rates that

fuel the. frequency trading because in order to put on a few billion dollars of high frequency traders at any given moment it cost the margin but if the margin is near zero then their cost of ammunition is zero if you make a mistake then the state bails you out then that's a subsidy from the state so you make you have no risk you simply take pilfering of all money with no risk no risk but that's what i'm saying is that it used to be willy sutton's day in the first great depression that you went and robbed a bank because that's where the money is now these guys today the anglo irish guys the bond holders behind that the bond holders behind a id m.f. global all the world they're going they're robbing the credit because it's not cash anymore that they seek they don't go looking for a pile of cash to me dimes not looking to hold up a a simple little bank for a pile of cash runs a bank it's easy to do that you're holding up the central banks the the credit of the world right you are enabling the transfer of wealth from the many to the few by

using stolen credit that ends up back in the economy by sky high prices for van gogh's and shadows and other very expensive baubles that end up sitting in the accounts of the top one percent of the top one percent without circulating at all that's all financed by robbing the banks in the form of using high frequency derivatives to expand ones credit credit footprint you say the tommy gun of our age the high frequency credit gun. boris felix the cat might say oh you know what my kind of gun they want to look at you never did you had all these crazy guns like the rope gun in minot mouse great show. all right days are over thanks i want to bring on the guys report thank you max don't go away much more coming your way stay right there.

welcome back to the kaiser report let's go to switzerland and talk with allen browne's he is the author of the web of debt alan brown welcome back to the kaiser

report thanks max your latest piece is called government by the banks for the banks the. dates on europe in iraq that the european stability mechanism the actually a permanent welfare fund for the rich what is the s. and i was of favor the rich yes and it is a find replace saying certain temporary fines there were supposedly designed to bail out the euro zone countries. and the fines are paid for by the various countries they're paid for by the taxpayers but the permanent find us voted and in january dead of night and has no ceiling it starts out at seven hundred billion euros but it can be raised there are no limits and you can't sue the people who are running them fine so they're pretty much. taters of this fine and now and june to i'm due twenty ninth your eyes and summit where the members voted and it. was also

in the dead of night and there was a ruckus raised by the prime minister as evidently and spain where they said that they were going to block everything that they were doing there if it wasn't agree that this money could be used directly to bail out banks that would go directly to private banks rather than being fined the first through the governments which meant that mail at their banks. and also they want to just basically they wanted easier terms for getting the bailout money but one of the terms was that we go right to these banks so it's now fine for the banks paid for by the taxpayers with no limit it's rather like the tarp money that the u.s. agreed to in congress but the tarp only it was seven hundred billion dollars u.s. dollars same number interestingly but it was had a limit i mean they didn't do another type where they. increased the money and any

money actually that came from the federal reserve which of course is credit created the money on its books. but in this case it's going to be taxpayer money paying for the banks right well after the tarp money in two thousand and eight mayor bloomberg did a freedom of information act and discovered that in addition to the seven hundred billion that hank paulson got for his friends on wall street also got sixteen seventeen trillion foras friends on wall street and also the banks in europe now this is basically what we've been saying now for a while in that the the willingness to add here to generally accepted accounting principles anywhere in the world is now out the window the solution all was is to simply create a new funding vehicle to roll up risa curates is a create a bigger debt burden on the same diminishing level of collateral and make up the

difference through austerity measures so this is just another one of those tricks right exactly and they've got a limited amount of. it is not letting more of your system unless of course they lend it i mean they did do a trillion dollars recently or a trillion euro. to the banks but these were one percent banks which would then lend that to the government so you know i was there i. bet there's a limit on the amount of euro's in the system and then out of that you have to keep trying to make entrance to pay on these debt so it's they're all in get to each other and there are all these debts or at interest either you need to expand the system or somebody goes into default or they're going to have to break a whole system right so it's a classic ponzi scheme you need you need more suckers to come into the scheme in order to pay the interest on the existing suckers let's talk about marion monte for

a second he's of course a former goldman sachs banker and i see. that the the front page the cover of the u.k. edition of the economist recently featured bank stirrers so that finally there's a an acceptance now that the system is run by a criminal syndicate there's no more a pretending anymore so people understand that but mario monti is a bank start from goldman sachs what decisions has he taken on behalf of his population how do you see that going well it's not only from goldman sachs but he's also one of the beaters of the bill that workers and one of the leaders of the tribe that are commission so he's got out there motives going on here and it was he was the prime minister of italy who. was trying to do instead. to bail out the banks directly that they were going to hire black everything so so

he's obviously working for the banks here and that the whole tribe that look the whole threats bill there are in the trailer that our commission is basically one world government when we're out of currency and the only way you're going to get there. saying in his letter to you have some sort of crazy it's you know an externality external threat. in order to carry body to greet well x. they're not threatened that's. if you get blamed government spending too much money but in fact the governments were doing fine and still the baby crisis is actually the bankers are responsible ok let's talk about that for a second because the e.s.m. is this new pan-european lending facility a pseudo bank lending facility and it's removing sovereignty from the underlying countries over at the federal reserve bank we find that there is a great appetite to do currency swaps with european banks and there's

a tremendous communication going on there in the bank of england we find out that they're in bed with barclays bank an interest rate manipulation so correct me if i'm wrong but if we had into as a next step in this global centralization of money fractional reserve may have the european union the united states and the u.k. deciding that they create a new lending facility to give a new acronym that they restrict your ties all this debt yet again they give it near zero percent interest rate and a saw going to be managed once again more centralized as we head toward as you point out some kind of global currency global fed global reserve bank is that the next step that appears to call it the bill the trends that are commission but i don't i mean there i don't think they can pull it up their act or not will gather at the rate they're growing so i mean i think it's. euro zone do you know it is a clear demonstration that that's the work you can't have

a single currency single central bank for governments that are not part of the same government you don't need a single political government to go along with it so you can make decisions. for the whole community like you have in the united states like louisiana as a flat the rest of us don't mind working over some money to help out as we consider them. but you don't have that and you're right but the market certainly doesn't reflect that discord europe is still the euro still strong still trading written very strong compared to where it came out and initially so the market itself the market players are not discounting this kind of break ups an area the key player in all this is germany now there is speculation that instead of a greece exit and that maybe germany will exit of course there's a lot of pluses and minuses with best scenario what do you think alan brown or they might split up and do you know if they're in northern europe or in europe.

it looks to me the only thing that actually will work i mean greece they are actually their own currencies they get they get in how to do things they can have the euro as the trading currency like the reserve currency. the euro zone countries and then they keep their local currencies for their business and that way they find all these all these things that they had to shut down education and public transport and all that i scared which is they're taking you can hack you those going if you had if you use your own local currency for that and they i mean we see that happening all over the world where community currencies local currencies trade trade deals where there where they. barter but on a very hard to international scale that's all happening at like this they're at the secondary money systems developing and it seems to me that's the only way it can

work right and concurrently with all these local communities developing their own currency there is also a global acceptance around the world for use in gold and silver and the monetize role in its traditional role as a currency now let's look back to the global financial crisis the history since two thousand and eight you've been keeping close tabs on this spirit stearns collapsed and j.p. morgan swooped in and was a socially gifted bear stearns assets in retrospect any comments on the well who gives them why is new york better jamie jamie diamond then and now is that on the board at the new york veterans there was also holding. three million in stocks and options in the more and so it was a clear conflict of interest but nobody apparently powerful and that you execute legislation that would make that a felony so the new york federal reserve let j.p. morgan and bear stearns collectively fifty five billion dollars in order to bail

out. in order to buy bear stearns for pennies on the dollar and now what backed out was very stern's own collateral so estimates had that much collateral they should have been able to get the loans out and they were going to match you sell out to j.p. morgan so j.p. morgan got a clear which and when one knows what i mean j.p. morgan obviously has been going on and it is the specter that it has to do it these interest rates were absent or propping up the u.s. keeping the u.s. interest rate very low then finally ellen brown. as countries around the world lose or sovereignty over bad debts of private banks what do you think about france's announcement that they are to establish a public bank by the end of this year what is a public bank how does it help and this is really what you've been talking about for a number of years talk a little bit about france's decision to introduce a public bank you know this is a public development bank do you take that public banks at the low end yes well

banks like in germany that have. find it all these export businesses that quit germany number one export or until recently and then they're at the federal level take public banks and those are the development banks i think probably the best way in brazil at the b.n.p. yes it's their biggest bank and this it was used by president like that to find every sort of development program they came along looking for finding people in the one nine hundred ninety s. brazil was the world's largest debtor and ten years later they were making loans to the i.m.f. they where a big creditor exactly this that in interviews that don't you think it's very chic that we're. there we're not lending to the i met and how do they do that any turn it around and use this big development bank to basically recycle and best your money i mean it's private money it buys the vines but you're buying you're buying

something very. because it's a government crime so you have all this investment money sitting on the sidelines where people are afraid to invest but it's too risky but if you're buying government bonds it's very safe in a development bank development bank lets the money to you. need money to you to grow and that stimulates the economy i think it's a very good idea alan brown thanks so much for being on the kaiser report thanks max all right now going to do it for this edition of the kaiser report with me max kaiser and stacy herbert our thank my guests ellen brown author of web of debt if you want to send me an email please do so at kaiser report r t t v e r you can till next time x. cars are signed by our. us

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