with the. technology innovation all the developments around russia we've got the future covered. a lot from the heart of the russian capital. just a moment on the kaiser report for now it's the headlines by the russian president says western backed rebels in syria are basically guantanamo bay detainees run amok . and spoke exclusively to r.t. in his first t.v. interview since returning to the crown. the european central bank announces a new anti crisis plan based on potentially unlimited bond buying from struggling eurozone nations key leaders are holding meetings across the continent although

some experts still believe they should simply let. france reportedly considers giving syrian rebels heavy artillery as part of increased support for government forces. moving to protect opposition help them create a government in waiting. power in half an hour as my colleague bill dog. telling us the darkest secrets of the world's economic giants the kaiser report it's now. max ties are this is the cause the report the globe's globalization trend continues to disintegrate what is being taken the culture fabulously illegally rich versus the model goes on the other side what's going on well max you do see we have

a global depression going on and and what are the responses we see across europe we see uprisings matching not quite the intensity of what we saw in the arab spring but we see uprisings around the world and now the billionaire class is fighting back world's richest woman too jealous poor drink glass work more astrology and mining tycoon gina rinehart who's worth thirty billion dollars wrote if you're jealous of those with more money don't just sit there and complain do something to make more money yourself spend less time drinking or smoking and socializing and more time working down there in australia i wonder how the brewers of foster's beer feel about her calling for this boycott of beer but take a look at this woman julie scott like marie antoinette but at three hundred pounds here's a woman who inherited her wealth she inherited her mining company and her father by sheer luck flew over in thought as iron ore he had to fly low in order to avoid

a storm and that's how we even found this largest ever iron ore mine in the world so here's this woman saying it's took hard work to fly through this storm and find that iron ore it took hard work for her to inherit her wealth in fact she did have to work quite hard because her father found a new wife that there was a big squad hope to be in them there is a woman who is an arab. vast sums of wealth due to our father stumbling upon the one of the largest iron ore mines in the world and immediately the god complex kicks in this is what you find at that level as people feel closer to god you see it whether it's religious potentates or fabulously wealthy stumbling iron or developers there's a certain threshold of wealth for people begin to think that oh i'm god i have a god complex then i make these ludicrous statements like will drink less work or

from coming from this big game of australian gila monster from or per durned australians zana do you've often said these are neo feudal times and this is a very this is how the original feudalism was justified there was some how they were divine it was the divine right of kings and because the likes of king henry the eighth controlled all the wealth all the money had to go to him and he would see these peasants living in squalor in the streets and he'd be like it's your fault for being so ugly and stinky you smell like you're in and you smell like beer if that's the reason why you're poor it's not because i am taking all the well this woman needs a specialist on me to do and maybe spend more time blowing a digital room because dingoes stole her soon to be. so let's move on to some more of this untitled class these guys and women and people who inherit all

their wealth. and then proclaim that the market has decided that they because they are worth a price a number that is worth more than you that they are somehow better harvard plagiarism probe under way for about one hundred twenty five students yes the most elite of all the elite universities harvard where most of our presidents and congress people and senators have gone to well the undergrads apparently cheated in the introduction to congress. so they could get into the introduction ethics so they decided to take introduction to congress learning how to cheat fantastic well think of any american congress person what are they engaged in insider trading kickbacks vote rigging gerrymandering bribing yes it was well these kids should be passing with flying colors forgiven and then given them for the plagiarism for the

cheating of these harvard kids and all our summers remember he was president of harvard might be back there again you know he was he's actually funding some venture capital projects now using is insider trading contacts of course after being booted for making some massages comments a while back but if harbor as you point out is the final through which a lot of the top crooks in america come through it's a regular hotbed of legacy clip talkers well let's talk about that legacy legacy admit rate at thirty percent so these are children of alumni of harvard and radcliff they receive four times the regular admission rate and twelve to thirteen percent of all students are legacy so just like that woman gina rinehart she inherited her well had nothing to do with her.

and here are these people as well who get into harvard like george w. bush he went to harvard we obviously most people in the world know he's not the brightest in the room these are freaks and zombies and vampires you know the children of the corn remember the horror film this is like children of the crimson i think go through harvard square and they come out the other side ready to rape and pillage as a club talker for the talk for. the spring strike well you know the other thing of course is that a lot of our central bank heads and all the congress people as they're going to be in congress these people are most responsible by the way for gina rinehart the australian mining tycoon for being so much wealthier now then she was prior to congress and the fed and the harvard graduates trashing the global currencies and

the price of these iron ore products has nothing to do with her adding value to the iron ore price in other words you have these economists like paul krugman another saying no we couldn't possibly go back to the gold standard keynes call it the barbarous relic instead we're going to rely on central banks and money printing and as a result of all the money printing a price of iron ore is skyrocketing and all these other in food are skyrocketing and rice of gold is skyrocketing so you know we're going back to the gold standard anyway regardless of the interregnum of insanity orchestrated by these books that believe you can have gold as the center of your university even though it's the only except the currency not only in this galaxy but in galaxies everywhere in the universe well of course gina rinehart is the world's richest woman as well because of china because the likes of oh mitt romney sent all the american jobs over to china so china is booming because of the so. people who graduate from harvard

absolutely they learn how to strip a company down to its niblets. loaded up with debt and go go on a podium somewhere in florida talk about how they're going to improve job situation after they've just fired massive amounts of people and stripped out all the assets of still all the money they want to do so mitt romney wants to do a leveraged buyout of america as a vulture capitalist he looks for a week in the situations you know america now is on its knees begging you know it's an economic precipice here comes mitt and his leverage by a private equity guys you could probably put together a trillion dollar loan somewhere you know his buddies out there in the game ns and the dual l.b.o. you want to l.b.o. merica well fantastic mitt under the flag of the cayman islands on his yacht that he rented down there in florida it was a cold cracker bait you know mitt romney stars on cracker bag this is

a fantastic t.v. show well max speaking of niblets he mentioned niblets nicholas sarkozy follows in the highly lucrative footsteps of old friend tony blair by lining up two hundred thousand pounds an hour job with investment bank he's doing one hour of work or he's been asked to do one hour of work for morgan stanley for two hundred thousand pounds he just has to speak to them for a bit and do fifteen minutes of photos the article mentions that blair earns two point five million pounds from rival for j.p. morgan yeah rival these cartels really are rivals frenemy. right well sort cozy to follow up with a cracker baby theme here if you're talking about baywatch remember the t.v. show with pamela anderson so cozy wants to be the pamela anderson in this remake of baywatch called cracker bank where it says x french president gives a speech at morgan stanley and all the you know twenty thousand brokers stand up to salute the new head of cracker benny nicolo all so cozy. the theme here however is

important to keep in mind max here's a guy who ok he actually worked his way up a bit from nothing and this relative to the likes of mitt romney and gina rinehart but there is this revolving door he's now in and you know definitely his children are just like assigned oh you be the mayor of new he you be the head of this bank you you know they all have like like tony blair's children as well if you happen to be born to hillary clinton and bill clinton and you suddenly are working at goldman sachs and might possibly run for president you know the sort of sense that who are these people who we allow to rule the world why do so many people want jeb bush to be president and said of mitt romney you know what is the sense that we just this untitled aristocratic. the class that we give so much power that

nepotism you know yeah except for maybe carla bruni you know i saw her on the show as elisa a i think she's a bag lady now and then so filing max tying all of these stories together going back to the beginning with this neil futile nincompoop gina rinehart tying them all together and what the future might be for the globalist or elite as you might want to call them south africa to withdraw murder charges against minors so this is that american a platinum mine in south africa and as you know there was a big unrest and you can see the video here thirty four of the strikers were shot dead and the intention was to charge them with murder and obviously they withdraw the murder charges now but if you recall during the same time in the financial crisis in america hank paulson was also threatening martial law so i really think this is this is a sign of the future what we might see now the original charges were that south african american a minor is charged with murder two hundred seventy of these strikers were charged

with the murder of their thirty four colleagues under the common purpose doctrine in so we the people any time we unite and try to fight back against this we have you know martial law or murder or any of these things in the background waiting for us. you saw the headline i thought it was a typo at first the police gunned down miners and the miners that were not gunned down or being charged in the murder for the murder yes they were they were being charged with murder but you know the apartheid lives on in the form of interest rate apartheid you know if you're a part of the poor you get charged forty percent or more interest to borrow money if you're part of the elites like harvard graduates coming out of the crimson talked of will you get charged less than zero to borrow money you know mitt romney when he borrows money it's for less than zero percent he borrows money at less then zero percent. everyone else borrows money at thirty percent forty percent you know payday loans compound marra bunny money borrowing at four hundred percent that's

apartheid right there interest rate discrimination into state apartheid it lives on it lives on the interest rate environment it lives on the south africa it lives on . it stays our thanks so much for bringing cars a report thank you max not go away much more coming why stay right there. continents. and oceans. come to. empower the pacific. the russian apec summit on our team. download the official publication so choose your language stream quality and enjoy your favorite. t.v. is not required to watch on t.v.

only you need to use your mobile device to watch on t.v. any time any. imax guys are welcome back to the kaiser report time not to go to cincinnati and talk with catherine austin fitts katherine welcome back to the kaiser report max it's always a pleasure catherine also fits item number seventeen of the g.o.p. platform states quote the war on drugs and the war on terror have become a single enterprise your thoughts well i think they've always been a sit single enterprise looking at it from the design standpoint of the people who are running the planet so if you look at this from what i call mr global's point of view i think the war on terror was designed to take the war on the drugs to the next step in the in frankly the more interest never had anything to do. drugs in the first place so to me they've been single just you know the war on drugs had run

out of political spray decor and now you've just given it new energy and so now you're being more obvious about merging it but to me it was one in the same along and the combined war really is the war on civil liberties i guess you could say and in the us i've met in a while but i understand you've got t.s.a. agents shaking people down in the street accent or is it getting pretty bad there i would say that it's getting very tense here near the tension is growing because there is a tremendous infrastructure of enforcement bureaucracy with the powers to carry a gun or the powers to caress where the power is to do seizures and frankly there's far more people looking for bad guys than there are bad guys and so the regulatory burden is really very expensive for the economy in every you know pretty people's time and so taxation now is not just texas tech sation if your money it's taxation

of your time and it's getting greater and greater and greater price now back in the thirty's the nazis looting the jewish folks to finance their occupation in america they need the nazis that run america today or this looting poor people pretty much correct you know to me if you look at how much money is being stolen with asset forfeiture it's a drop in the bucket compared to what's being stolen globally with the debasement so i once did a calculation it's up on the blog of a household of four people how much they had in dollar deposits or feel currency deposit because the same applies globally in many other fields currencies and i looked at how much the household lost from. from debasement of the currency between two thousand and three and two thousand and eight and then calculate it for one hundred thousand. one hundred the population of one hundred thousand and can only guess how much in purchasing power in two thousand and eight dollars a county of one hundred. thousand lost over that five year period when i had me three point three billion dollars in purchasing power so to me debasement is you

know we all have one hundred percent chance of debasement confiscation if you will it's happening now and that just is or money if you look at as i said the time burdens are extraordinary too so everybody's having their money confiscated daily as we speak in they have for years which is what you've been talking about so much on the kaiser report god bless you my whether it's the war on drugs or war on terror they're both being longer the proceeds through banks like a just b. c. and barclay walkover you of course part of wells fargo and hundreds of billions of dollars get launder through these institutions as part of their fake wars to line the pockets of these bankers any new developments and some of the tricks of the trade there isn't just the old classic money laundering scams of it is i think come come up with a new ones we like to kind of. take a look at some of the best you know best of practices for scam stores anything new

out there well that the market share of the big banks has grown tremendously as a result of the bailout says you know and as you've covered i think the average person certainly here in america is starting to realize that that's the fact which is why my expression financial create highs i think more appropriate more and more people are looking at at the way i was just up in ohio at a fundraiser for a congress person who pointed out that this whole time there's only been forty people in the financial fraud section of the f.b.i. and no prosecutions in fact all the f.b.i. personnel right before this all before the bailout started get moved over to the war on terror but here's the way i would say it because you're going to see this come up very significantly in this whole issue in the budget wars that are coming after the election the presidential election here both going through this will. action budget cycle in october and september october but then coming in to next

year you've heard conversations about the fiscal cliff we now have the republican candidate appointing a vice president or nominating a vice president who is very interested in the budget so here here's what's happening in the in the broader relief max we have people who are free to kill with impunity richard don't let's call them the breakaway civilization and then we have people who are not empowered to kill with impunity and if you look at the budget discussion every expense of the people who can kill with impunity is off balance sheet and their revenues are not taxable and everyone's trying to balance the budget with the people who can not kill with impunity and so we're really come down into a society where we have more and more people who are not subject to the laws and another group of people who are subject to the laws which are growing you know every day and the reality is you cannot balance the federal budget if the people who can kill with impunity are outside of it and that's what the political war is

all about and that's why i think it's time to talk about will why are these people above the law and what can we do about it and that of course includes the banks but from my point of view the banks are just a vacuum cleaner that works for the people who are above the law right i mean their way of dividing it up here is that that one percent versus the ninety nine percent or the democrats versus the republicans are the corporatist versus the opensource free market but say that it all does or adi you're saying have got a group of people that are able to kill with impunity versus the paper you can't kill with impunity so i thought and then about a lot more on the well they are above the law you know i always call it the eyes wide shut crowd because you know if you if you if you watch carefully what hollywood tries to tell us sometimes it's all in the movies but you're putting on say a paul ryan in that camp correct. no i think paul ryan you know if you if you if you

look i'll just call mr you know my metaphor for the people who are above the laws mr global so if you look at mr global mr global is always trying to find candidates you know for the republican in the democratic party who will build enough of a consensus and capture enough interest in the process to buy everyone into a solution now that always worked as long as you could print as much money as you when you didn't have to balance the budget because you could just pay everybody off so i told the story of you know i went to someone in the clinton administration and said look you know mindy we can we can take you're spending two hundred fifty thousand per unit on on construction of housing let me you know let's move that and to single family homes out of the foreclosed property we can get five homes for the price of one and she said but how would we generate fees for our friends so the way we've resolved these tensions is you know we've just paid everybody off with fees for our friends we now have a federal budget that that does not optimize return on investment to taxpayers by

pay you know by place if anything we're we're paying both companies and people whether it's on corporate welfare welfare to do things that make them stupid or the whole thing makes absolutely no economic sense the question is how do you change because you've you know you've result the tension between these two groups by just you know spitting out and printing money and that's not going to work starting next year if not this year the pain is going to get greater and greater and that is why one of the biggest issues in this country the second biggest issue right now is gun control because the people who can't kill with impunity understand that the other people can kill with impunity and there's only one thing standing between the sheriff of nottingham and us and that's our guns ok so it's an economy based on force and of course i don't know if you've done a lot of a lot of looking looking at this in terms of the the philosophical economic the. associations but a lot of people in the united states right now in politics claim to be libertarian

or followers of schools associate libertarianism and one of the tenets of course of this school is not to use force if they are completely abhorrent the use of force so how do those two things work together well here's the thing whenever i talk to somebody about their philosophy the next thing i do is i ask them how their money works because which you'll generally find and it's not just in america it's globally if you if you if you look at what our philosophy is and then if you look at how we're transacting in acting financially you know it's a completely different philosophy so there's a multiple personality disorder that you know the planet is going to have to reconcile one way or another all right so that that best got that was that's kind of what i wanted to know so there's the multiple personality disorder now i want to talk about the bigger kind of global financial picture on the scandals let's get back to a sense we talked we've had a libel or

a scandal that that's opened involves many of the same players we've been talking about it affects the global economy what's your take on the library scandal catherine austin fits my take on the libre scandal it's happening because the central banks particularly the fed or doing everything they can to press down interest rates and they want to institute a system that gives them better control and ability to do that because now sovereign governments whether in europe or the united states need to lowest possible interest rates and they need to force the banks to lend money to them not to the broader economy so i think this is about asserting top down control number one number two because we've gone to the bailouts the big banks have dramatically expanded their market share the reality is they're not necessary any longer to engineer the financial crude eight hundred that's over and so i think top down you know mr blair. when the central banks want to move the banks into a utility model you know it's kind of cost plus because if you look at the the

banks at this point they're all trading in operating with federal or government credit and so if the sovereign credit is behind them and the interest in the sovereign government once the interest rate low and the central banks can assert their control i think you just switching to a new fundamental business model for the big banks you know now if you look at that as the bessel three accords they're pushing it that down to the smaller banks you're talking about much more top down centralized control and the day of the big banks being cowboys is is coming to an end all right so take on two thousand postal workers that are being. thrown off the job put them on wall street's replace all the con cop a bank stars and thank god a thousand banks are thrown off a cliff sounds like a good idea. actually if you look at the f.c.c. in the united states if you look at the f.c.c. i'm sorry s.e.'s senior executive service i could run wall street with

a senior executive service much better than it's being run now they're excellent. you know so it g.s. seven at the post office may not have the training and skills but the yes yes sure do so in essence yes you're you're moving into the s.c.s. government it's really a cost plus model that's used by the defense contractors and i think you know i'm sure lockheed martin is sitting around saying why do we need to pay you know goldman sachs this money we're on a cost plus contracts business model so i mean there's no reason not to move them that way now particularly when they have this market share so i just think the banks are in for a major cultural change ok so you know even for a major reorganization of the entire industry ok catherine austin fits right in time thanks so much for being on the cars report thanks max you have a great day all right super that's going to do for this is this not. the kaiser report with me max kaiser and stacy herbert i guess catherine austin fits if you

want i mean email please do so because reported r t t v dot are you into like some x. guys are saying by.