all a gram in digital space that's being turned off in different countries and regions a bit at a time the the global economy is going dark you know if all these financial institutions were lit up from outer space using a special telescope that only looked at collateral value of banks on the world market you would see america in the world going dark and so they're in response they've ramped up the rotary after all the glue greenspan famously repudiated themself by saying i was completely wrong about my ideology that guided me for twenty years in fact these markets are not operating anywhere close to what are thought they would operate ben bernanke he's less interested in so for putin than in self preservation he's figuring out how to get out of washington d.c. one step ahead of the mob with pitchforks and torches so we move on to the next headline with in mind the notion that they think it's still like in the old times

where everything was guaranteed by the state why all these polish people got scammed by this obvious fraud. where they had guaranteed returns what happens when the music stops a report from the federal reserve bank of new york suggest that the bulk of equity returns for more than a decade are due to actions by the u.s. central bank the s. and p. five hundred index will be more than fifty percent lower around the six hundred level if the bullish price action proceeding fed announcements it was excluded the study shows now if you look at this chart you'll see that the report shows that the market would has a tendency to rise in the twenty four hour period before the release of the fed statement on interest rates and the economy presumably on expectations that chairman ben bernanke and his predecessor alan greenspan would discuss or implement a stimulus money printing measure to lift asset prices but as i've explained the fed is essentially at the the head of the river of cash and up until

recently that river of cash would irrigate the economy equally jobs would be irrigated wages would rise the manufacturing sector would there be a benefit to them they'd have rising wages you'd have real estate rising you'd have stocks rising but due to financial engineering and the adoption of derivatives and high frequency trading that irrigation now is being manipulated so that the cash only goes into stocks a few stocks owned by insiders in washington and wall street and that's the only place it goes and one bedroom i think it was a part of congress was as we're worried about deflation we're worried about deflation he fails to say that he engineer or as you just pointed out again in the stock market that's where the inflation is going that's the inflation dow jones getting close to fourteen thousand without the fed the dow jones would be at five thousand or less and that's what he that's what he should be talking about this is

his re engineering of the economy to benefit. if you stockholders and to do some franchise one of the entire country it's reengineering look at that chart again the line on the bottom that red line that is what the s. and p. would look like today with out front running the fed the blue line is showing that the federal open market committee has released eight announcements a year at two fifteen pm eastern time since one thousand nine hundred four the study took the gains in the s. and p. five hundred from two pm the day before the announcement to two pm the day of the statement and subtracted that market move from the s. and p. five hundred total return over that time here's what we're talking about here the insiders have access to unlimited credit at virtually no cost that's the great thing about having interest rates near zero for the elites everyone else remember pays a lot more for interest and if you're at the bottom of the socio economic scale you're paying an annualized rate of four hundred percent for money but if you're at the

top you pay no money to borrow money so yeah you understand that they're going to do quantitative easing so you call your broker as two thousand and nine remember in two thousand and nine hank paulson told his buddies at goldman sachs and on wall street that the government of what she was then working for was not going to lead goldman collapse they all the guys then went out on margin borrowed against everything that they could borrow against and went long bank stocks incredible amount of money was made in two thousand and nine people's wealth tripled quadrupled in two thousand and nine based on the fact they can borrow money at zero per cent interest rate with no risk now they call themselves captains of industry and entrepreneurs' but you know a recent smokie can make money in that environment it's no big trick to be able to borrow money and zero percent and and rule rule the roulette wheel on guaranteed winners how is out of business choice well going back to that first story they underestimated the risk because they assume the government would be there to

protect them in this case and you notice that with this study it stops at two pm of the day of the fed announcement so if you don't have your bets in by fifteen minutes before the fed speaks. then you're too late if you don't if you're not done by two pm you're not going to catch your tee time ok you can get nine holes in a development club in connecticut if you get it all done by two pm you get nine holes and i've done it and then finally occupy sets wall street tie up as protesters face burnout so occupy wall street the global movement against inequality that ignited in manhattan last year with markets first anniversary by trying to block traffic in the financial district and circle the new york stock exchange it's called seventeen september seventeenth they're planning on making some citizen arrest but bloomberg news here asks that now the next step for occupy is they have to decide whether they want to do what most americans want which is a little bit of reform to the system or whether they want to take down capitalism

go bloomberg of course would make that statement because he's trying to defray attention from the real underlying issue here is whether capitalism is going to be taken down or challenge because we don't have capitalism the train left the station lower down what do we've got to entrench kleptocracy and unfortunately what occupy wall street is completely missing the boat here they don't really understand what the problems are they don't understand who the players are they don't understand what tactics can get them over and i've explained to them several times what tactics they can use to neutralize the influences that are destroying this economy but they fail to take note they don't want to do it any effective way because after all if they succeeded then they might actually have to move on with their lives and go to a post success story all right stacey newman thanks so much for being on the kaiser report think you max. much more coming your way.

more news today vali. once again flared up. these are the images girls world has been seeing from the streets of canada. giant corporations are today. i. welcome back to the kaiser report i max kaiser time now to go to moscow idaho to

talk to john rubino of dollar collapse dot com your ringside seat for the global financial crisis john bloggs there but also provides dozens of links to stories relevant to the currency wars financial collapse gold and silver john welcome to the kaiser report and max thanks for having me on the right john rubino your web site is called dollar collapse dot com tell us about the collapse of the dollar what is the process of collapse and is the end near or in fact here you know we've been talking about this theme for a number of years now dollars been edging lower are we at the collapse point now john you know what this is it was actually set up as a marketing site for a book that james target gold money and i co-wrote back in two thousand and four and at the time we kind of got a collapse of the dollar in particular in the currency system the world in general was imminent and and we were wrong the system has held on

a lot longer than. we expected at the time and the basic processes is not that complicated we are in the u.s. and also the rest of the world are just borrowing too much money you know we've created a system where governments around the world have printing presses which inevitably they're abusing you know every time there's a lecture in the election you get a massive amounts of new currency being created in the hopes of raising the skids with the incumbents and in the. as we build up huge amounts of debt which we can carry and at some point the excessive currency creation process is going to be just through supply and demand to a sense around the world with these paper currencies are really worth anything anymore and then everybody's going to have to be exits at once and we'll see a collapse of confidence in paper currency the in particular in the u.s. but also around the world in general you know because if your currency is going to

be discredited at some point and it's the general trend is going to be more and more currencies followed by more and more money printing followed by more and more crises based on the you know caused by the money pretty much poorer and better world and so the only thing that we can do now as individuals especially is the position are set for increasing monetary crisis and a general shift out of paper currencies and paper assets and into real assets so you know all roads seem to lead to go in silver right now. right so the book came out in two thousand and four dollar collapse the thesis was that this dollar collapse was eminent and the it has dragged on for some time and during this time we've seen it zero percent interest rate policies around the world by the federal reserve policy and now the european central bank is pursuing a much cheaper interest rates heading toward zero percent interest rates so this

this this crisis has been ameliorated by the ability of the central banks to bring rates shockingly low which of course penalizes savers penalizes the pensioners to subsidize the speculators to work on the dollar but this says given some extra innings to the dollar but at some point even those extra innings come to a close and i think what we're seeing now. now with some of these prices in the commodity sector spiking to all time highs or twenty or thirty year highs and maybe this is the dollar collapse inflationary spike the timing seems to be right now john your thoughts when it comes this is what do you like the early stages of it and again these guys have so many weapons and basically they have unlimited printing presses they didn't know you know your houses were two million dollars they want to they could buy your house for two million and make you feel

a ridge make you spend and keep the get go and for a little while longer so you never know when it's going to fall apart but this is what it would feel like with gold and silver and boileau going up and farmland getting more valuable and and paper assets becoming less and less interested and everybody because they don't return and so money is flowing into hard assets because they been growing relative to paper sets over time and let the process accelerate and you get hyperinflation although it's not due to the oversupply of money as much as it is a lack of confidence in the existing currencies that are out there and yeah we could see the current process accelerated until it turns into a wholesale plate of your currency or we can see these go is come up with some new trick to pull this again for another two years and there's really no way to know right well i want to follow up on the zero percent interest rates on a bit more because part of the zero percent interest rate story what we're learning

is that not only are the the the banks offering these rates and the central banks offering these rates to keep the speculators happy but in the case of the bank of england barclay and barclays and the library rate setting in the u.k. they're actively engaged in fraud and market manipulation to keep interest rates at an artificially low level to help out speculators so the fraud has now jumped to the institutional level the bank of england has been clearly implicated in a wholesale fraud probably the first time in its you know multi hundred year history as the bank.

this and. policy or monetary policy where lying is basically accepted as a way to help you help the people that you're you're in office to help ok and obviously that that's the fundamental flaw in the system that with these guys get away with it and the question is how much longer you know do we end up putting

these guys in jail and you know i hope so. but right now the people who would have to prosecute the criminals are the criminals and so we won't see it until we see some kind of regime change or some kind of dramatic change in public sentiment here presents the odds that that movement ron paul's pet project. is the first step in the public taking back control of the the mechanisms of monetary and fiscal policy and you know should we discover actual crimes there you know blatant. undeniable criminal activity then that could open the floodgates you know maybe we find out that that we're doing things which you know if we do a real lot of pathetic and we should find out a lot of criminality and maybe the people who are responsible for actually get punished for it and that would be such a sea change in u.s. policy at least i think it would spread to the rest of the world that maybe that

would be the thing that that finally tips the balance and you know send us off the edge as far as the currencies go i don't know but it's one very real possibility and you know kind of the hope of what it would be nice to see these guys get punished for the crimes that they committed against savers and entrepreneur and the rest of us right well john you know after. direction toward a johnny carson for example former c.e.o. of goldman sachs well governor new jersey he was caught stealing one point five or one point two billion from m.f. global and eat with jamie diamond as an accomplice his defense was the money simply vaporized and now he's back in business again is going to be. starting a hedge fund so they caught him red handed they said in his defense was the money simply vaporized no penalty whatsoever no public outrage whatsoever even though segregated customer accounts were stolen of by john correspondent jamie diamond absolutely no prosecution whatsoever but i want to ask about two thousand and eight for a second because back in two thousand and eight the total global financial system

came to the precipice of annihilation but was pulled back when hank paulson went before congress and extorted close to a trillion dollars worth of dollars and what we found out two thousand and eight is that the world needs dollars because the seven hundred trillion dollars worth of derivatives that are floating around the global banking system are priced in dollars and that any unwinding that happens is requirement you require dollars to make that happen so there's this demand for dollars and how do you square that circle john because as long as the situation is a teetering on the extinction they'll be a demand for dollars to unwind the derivatives contracts that are causing the problem you know that's part of what's keeping dollars as strong now as the debt in dollar terms creates a demand for dollars like you said so that people are out there trying to point zero and borrowing in order to pay off their existing debts but that's one of those things that can keep the game going for

a while longer but won't save the dollar in the end because once people lose confidence in a currency the change happens very fast you know historically you know you see a system going on and going on to going to just falling apart you know why more germany was like two years is still a hyperinflation that we we remember to this day and yet it was over in the blink of an eye just because people lost confidence in their currency and the same thing happened to the dollar and surely this history is any guide but. there they do have tools and there is a system that's which kind of tends towards keeping the dollar going for a while but again it's you know all. all of this is going to go until it stops and we can't know when that's going to go i mean we we couldn't know the day the housing bubble was going to burst word be tech stock bubble what was going to burst but eventually they burst and the same thing will be true the dollar bubble when it happens who knows but it does feel like it's it's imminent and so the really

interesting argument is going to happen at the bottom when everything is falling apart and then you know what we're talking about now we're basically impotent because public opinion doesn't really matter anymore because guys but at the bottom it will you know will be able to have an argument about whether to have a constitutionally limited government with some money we're going to have a row and have a you know a strong central government that controls everything and that day is coming and it's going to be a really interesting debate but right now all that's left worth is to just watch it fall apart try to protect our own finances and then be ready at the bottom to try to affect real change all right john of beano and we're out of time thanks so much for being on the kaiser report thanks max all right and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert are they my guest john rubino of dollar collapse dot com if you want to send me an e-mail please just kaiser report and r t t v dot r u n of course you can follow me on twitter at max keiser until next time ask out are

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banks under rated the drugs were running its position in the international arena after posting a summit of the doubling of the nations of the international atomic watchdog piles up pressure on the country for stepping up and you get activity. as a zero bells its war rhetoric against terror ron we'll look at how a military in the pit is helping these really. population prepare for. a time. the triumph of the paralympics in london is overshadowed by a major sponsor accused of humility aging the vulnerable and forcing people of that .

international news live from moscow this is the with me here thanks for joining us first to iran's taken steps to change its image as an international outcast one hundred nations have offered their support of its controversial nuclear program the final declaration of the summit of known alliance states hosted by tiran banks the right for all countries to develop and use nuclear energy for peaceful purposes while the gathering was being held at the you are a new global stock released its latest report accusing iran of increasing your brain richmond on a finding suggests the number of centrifuges at one of iran's facilities has more than doubled but tehran has dismissed the document as politically motivated and sayed mohammad marandi a professor at the university of tehran things it's unlikely the timing is purely coincidental. the iranians are saying that this report came out of some sort of time to sort of destruct the pension away from this iranian success the nonaligned

movement. conference and. iran has been highly successful. iran being isolated the united states has become isolated scented opposed senior figures going to tehran and many major world leaders have come to the country in addition the president of egypt in iran which is a political earthquake the iranians are producing uranium. enriched uranium at twenty percent for facilities in tehran which then produces medical isotopes the fact that the united states and the europeans tried to prevent iran from obtaining that fuel in the past that meant that they were taking the running cancer patients hostage the irony here is that the iranians at the beginning had no intention whatsoever to produce twenty percent and then produce nuclear fuel but the americans and the europeans by taking in citizen and. people hostage

forced the iranians to take that step the politicians senior politicians really know that an attack on iran would be devastating for the united states and not only for its economy but for its global position and its credibility. despite washington clearly not securing military confrontation with iran israel isn't ruling it out major drool simulating missile strikes in case of a war with the islamic state have been held in tel aviv and these emergency exercises are not the only way israelis are big prepared for an attack as all she's a middle east correspondent explains. this fifteen page emergency procedure is being distributed by the israeli army cost the country and it puts around the mining based on very serious and grim statistics the brush of hate about what people should do in a state of emergency it is that there is a need for a family to take the families to get together and talk about what to do if the

country is in a state of mind at the same time it is that anywhere between fifty fifty and we minute is the time frame that israelis will have from the moment fire when found until there is a state of emergency care and also doing to people to go and check that they bomb shelters up to scratch now the question doesn't make any mention of any kind of you want to rant but certainly it is giving some kind of urgency and there have been those who suggested that it is really the latest tape by israeli politicians in preparation for human and war and certainly we've heard that kind of repeated coming out of the israeli political elite some officials have said that we're looking at a civilian count of some five hundred people in any kind of war that would follow and it's raining right on the run parallel to the brochure there is an average that you might think on his radio television and it shows a with in general we sit with these maybe army officers and they're trying to convince him to give their support in an israeli attack on an enemy state

presumably the ranch the general at that stage take a bite of the chocolate hazelnut sitting in front of him and he said something along the lines of let's go nuts which the israelis misinterpret to mean that he has given them the green light for the operation for the missile. dr paul right and you have it without the waste and the israelis so many have been putting up they will take it down even if there is something to go we've had some israeli politicians on record saying that a strike on iran is going to happen. but the official line from the government in terms of this boat show and when we spoke to the army was that it is nothing more than just the general public awareness campaign that people need to know what to do in a state of emergency what is their. take it says it will continue to push both for and protect its save zones inside syria despite opposition from russia and china hold on military moment would require u.n.

security council approval if ally britain signaled it was possible to bypass the united nations the excuse me western states claim buffer zones are needed to help refugees fleeing the conflict but feeling rebel saying they would also help them in the fight against president assigned and political analyst and freelance writer could work on my c. of a skeptical that foreign intervention would even be aimed at protecting civilians in the fast place. at this is not them here mary cary what should be done is to force is to push for an negotiation for a very look between the syrian leadership and with the opposition for example next month we have the interim an opposition meeting inside damascus on the part of risk to syria so why do some states are more prone to the syrians for a political solution where there are many gunfire you see the so-called jihad these . and the fundamentalists in syria started by both carried out that.