tv [untitled] October 16, 2012 3:30am-4:00am EDT
3:30 am
a nurse with knowing what was in there and yet they found no evidence of any fecal matter in these c.d.'s oh why can't they give this guy a job that you can mortgage being a physical model repackage or i mean he would be excellent at it and he could sell repackaged nickel not a collateralized debt obligation but as much of a mortgage to unsuspecting banks around europe and around the world and therefore he is a genius the facebook i.p.o. went totally down into the toilet this would be a way to you know get people's money back used to repackage collateralized package securities so here's a mug shot of ronald eugene robinson and if you pull back this is what we can only imagine as done by william bond's i seven is jamie diamond also under arrest for selling c.d.o. it's uncanny jamie finally found a place in the world. so you know jamie dimon has been all over the press and last week bragging about his earnings record profits based on the fifty seven percent
3:31 am
increase in mortgages and mortgage origination so the headline reads said actions to reduce mortgage rates may be helping banks more than borrowers max was this totally unsuspected. now member the whole plan of the central banks is to you know bail out the banks the banks claim that they're systemically important to the system and they need to bail them out they took all the money from the government who is opposing austerity measures and if people talk about inflation and deflation it's really about translation and translation is transferring wealth from the poor and middle classes to jamie diamond and j.p. morgan is translation and there's a big mystery out there stacey you know the fed keep frantic money why do we see the inflation we don't see the inflation paul krugman of the new york times say i don't see inflation also about inflation it's not translation which is working beautifully it's about putting money into the pockets of the top one tenth of one
3:32 am
percent the inflationary debt spiral is coming that is the next chapter the bond market is on the cusp of collapse the sovereign bond market particularly here in the u.k. find me guilty market the british job and bond market is on the credit precipice ready to crack we're going to be what it's doing it right there u.k. by market crash because i cared only what. so it's translation meaning we're all trannies now well you know especially down here in old compass trade in there so you'll find a lot of trannies and marco. so again you know fed actions to reduce mortgage rates may be helping banks more than borrowers so they reported record profit bottom to the bottom line max and according to the story those bottom lines have been padded by federal initiatives to stimulate the economy the federal reserve is spending forty billion dollars
3:33 am
a month to reduce mortgage rates to encourage americans to buy homes instead its policies may be generating more benefits than banks some borrowers as we've said here max this is the intention of it's never ever to help the consumer maybe by like a fraction of that and that consumer formerly known as a citizen gets behind this campaign yes give the banks more money because they might help us the next move rates is higher on the just more rate mortgages particularly in the u.k. that are tracking mortgages are benefiting from this artificial move down in rates from the bank of england and around the world to see the same thing now those track rates are going to be just an upward as the bond market collapses because of the loss of money is now set to search therefore the homeowners that are enjoying a bit of a dead cat bounce are going to. say hello to the resumption of the primary bear trap. but you know the likes of jamie dimon and wells fargo are those
3:34 am
sort of people that mitt romney was talking about those forty seven percent is actually only one percent of the population living off the kindness of the government these are the ones sponging off the government all their earnings are from government backed you know j.p. what you look at their balance sheets all fannie mae and freddie mac. i.e. the taxpayer the government backing all their mortgages is the federal reserve bank which uses the aaa rating of the american population to give jamie diamond zero percent loans they it's the municipalities bankrupted by jamie dimon is exploding interest rate swaps as he talked about in the opening it's what else the food stamps he issues on behalf of the governments the tax returns that he issues on behalf of the government well you know not only is jamie diamond a welfare queen and so is mitt romney from the private equity world a welfare queen who's made money at the expense of many many others but the biggest welfare queen of all is warren buffett remember he owns huge positions in
3:35 am
a lot of these financials including wells fargo no one is bigger welfare queen than warren buffett now they're all going to you know go to be roasted on the road to serie of inflationary currency collapse and or buffett will rue the day he cast aspersions in the direction of gold and this article about banks benefiting from the fed policies but not the borrowers does mention that well you know the government can't force the banks to pass on this benefit to the borrower because that would be social because i'm not the handing out free money to the likes of jamie dimon who then is like parading around prancing on television telling everybody how great he is now that's a really stupid statement to say that the government can force the banks to pass on the standings what the government can allow is for new banks to be created to compete with jamie. but they don't allow the banks to form there instead
3:36 am
encouraging banks to continue to consolidate to become too big to fail same thing in the u.k. if they let new banks me created here easily ten or fifteen new banks that would be certainly in the service of the customer and stead of being in the business of ripping people off and gaming the system that much of the financial crisis would be behind us but they don't let that happen because the regulators and the politicians here in the u.k. and around the world and in the us are in the pocket of the kleptocrats like any dominant. so here's another headline based on all the bragging he was doing this week states don't need to take loans from j.p. morgan this is from reuters and they're noting that diamond said this he said quote ok hahaha this company j.p. morgan and chase went through six zero seven zero eight zero nine two thousand and ten two thousand and eleven two thousand and twelve never lost money in a quarter didn't need tarp and was there for a lot of people when others weren't california new jersey illinois hospitals
3:37 am
schools businesses so here is t. we diamond claiming to have been there for california new jersey all the state's hospitals schools businesses like jefferson county alabama which he bankrupted and had to pay back some of that money in a little fine not admit any wrongdoing right but kate long here in reuters mentions that he might be referring to the two thousand and ten bridge loan to california for example which is one point four percent for six point seven billion for one month j.p. morgan loaned california but then she notes that it was a one month loan which was four million dollars more than california itself that their bonds were trading on the market so they could raise the money themselves but she also notes that there is section four of the federal reserve act notes that the federal reserve open market operations offer short term loans for states so they themselves could have gone to the federal reserve borrow the money for zero percent said they go through this middleman of j.p. morgan so what is that but a racket john gotti you know jamie diamond is like the john gotti of this era you
3:38 am
know member john gotti famous mob boss in new york or the flash went to sparks. you know joey baggage doenitz out jersey joey a lot of tonto. event damo you know they'd all get whacked actually now that you mentioned that look at this the names of the states where he said. as he did business new jersey illinois. those are big mobsters day that's right and among the most they don't want people to meet them and that you can borrow the money you got to go through me on the record tear on them up you know i'm a. schmuck a hold up hold on moshi moshi off you know i do want to know that jamie diamond has yet to respond to our request for him to be on the show but i did note that even the head of j.p. morgan's publicity who i wrote to she did respond to a friend of ours l'arche all who was trying to contact bligh's masters who i saw
3:39 am
apparently in the virtual world this weekend and rumble roses somebody tweeted me they they created a character blythe masters banker as you can see from this image and here stacy herbert banker basher is my my wrestling name i got my money on stacy i want to say these two women russell has nothing better than watching female wrestlers and check out the silver bikini i have on their lovely in a big vat of mud. well it's only in the virtual world apparently that you're going to see a rumble between stacy and blith masters of my imagination is quite different than met in the virtual another of us don't sit us to see what vest on. well ok racks of them filey another woman isn't the headline here u.s. woman takes on banks over live or this is a big story in the financial times today a pensioner whose home was repossessed is taking on some of the world's leading banks and the first no class action lawsuit claiming that alleged manipulation made mortgage repayments for thousands of americans more expensive so here's
3:40 am
a pensioner taking on the banks now why aren't chicago illinois jefferson county alabama why aren't the municipalities we know for a fact they were defrauded by libel why aren't these big entities the authorities going after the lives or riggers just jamie's going to wacker that woman's good as dead jim is going to judge where to go to to the head gangland style sorry you got to go because a family that lost a lot of go forward the system my collapse we need to kill this woman to keep the system alive we need to destroy the village to save the village we need to destroy all the investors and save the investors i'm jamie diamond anima of the state. all right jason robert thanks so much for being on the kaiser report thank you max don't go away much more coming away so stay right there.
3:42 am
3:43 am
president trying to overthrow a foreign country's government but his strategic games must. undergo merica recognized it's difficult. question to see if cuba managed to cope with its victory not all don't talk the all politics oh god. i live here in cuba you go but the rajab either live in. this is games brianna. we're. pleased.
3:44 am
to. welcome back to the kaiser a part time out of two rowan with davies a former francois detective with scotland yard now works as a specialist financial crime consultant ron welcome to the kaiser report and it's nice to be here thank you all right ron boswell davies let's talk about the city of london the global cesspit a fraud behind us martin whately has been brought in to clean it up as the head of the newly formed financial conduct authority is the word conduct downgrading the fraud criminality rampant in the heart of the city i think that's actually part of the it's part of the policy of trying to get across the fact that. what they said what this really is all about is just about the way the chaps run things and to make sure the chaps do the right things in the right way because they
3:45 am
just don't want to give the impression to anybody that this is just a glorified casino and that you know you're going to hear your parable so that's why they deliberately choose nice move through his words just basically time the whole thing down now. because. that's. often used to describe city of london or wall street but in a casino people do have a chance at making money but what we're seeing here with these crimes against capitalism and society at large is that people are just beings having their money stolen from them that's they have no chance of making money there's a difference there it would be good if it were and if there was a casino that would least have some ability to make some money but here you have nobody there just stealing money right the problem is the people making money are the insiders. and so when you go in there i used to think that we would have a sign every every gate to the city of london big sign saying casino you know abandon hope all you enter here like they used to have over the time london well he
3:46 am
said well insiders ok when david cameron the prime minister talked about the aspiration nation there's not time the vast majority the population when you can there's only a few insiders and they're manipulating the system and they're pilfering cash so that's that's well and the other beyond just operating casino whore house oh absolutely i think that they're doing this for their own benefit i mean tony for their own benefit i know on your website you write that we might wheatley has handed the bank stars and their cap as a get out of jail card of course use of capital you're in you're in for inferring organized crime yes ok so explain the get out of jail card ok. one of the big problems that we've had in this country certainly being committed by the banks and the financial institutions in the last really recent years has been i think old misselling misselling of financial products to people who are too gullible to
3:47 am
realise what they were being sold products that were not fit for purpose they wouldn't fit for the for they use but they were told if they wanted to learn you know you have to have this insurance product the problem was with this this concept what they were doing was this was one huge massive exercise in fraud it was an institutionalized level of fraud and it should have been dealt with this for a lot and people should have been prosecuted and people shouldn't go into prison for it now the other mooning monsoon weekly came along and he was interviewed on the radio on radio four in the today programme and during the course of that interview. evan davis said to him what was his but what was going to be his policy towards issues such as misselling because he said you know this is this is a major series of crimes in a ten ten billion pounds worth of crime which is the money's being allocated to pay these people back and not him we said well he said well that you know they're
3:48 am
paying the money back and they haven't said to him yet but what happens with other criminal other thieves he said is if they if they get caught they all they take they are made to pay the money back but they also do jail time this will go to prison and most the way he said why he said i think you would see this is a very strong word and he said we in the financial conduct a authority he said we look upon misselling he said this is pretty this is professionally it's a professional profession incompetent but we look upon misselling as a very long way indeed from fraud. now what he was telling them these people aren't stupid and they were listening to this immediately what he's done is he's told them oh as far as we're concerned you can carry on with this kind of this kind of behavior from what he's now but back home in
3:49 am
a gender gap because we don't consider it as a crime we just think it's you know we think it's a very long way for me what he did was he handed every single one of these guys to get out of jail card because the moment they get turned over they can say one hundred minutes ahead of the f.c.a. so this was ok right so yes it is to parlance of our day in american politics it's like an etch a sketch toy just flipped it over shook it and it's all over starting from scratch again starting from scratch all over again doing the same crimes all over again but on a bigger scale now i would imagine ok so he also suggested wheatley martley did that in a recent interview that in the future it will be a crime to rig rates for financial gang is it really not a crime now how come it's always in the future what about right now most of us do with those issues one by one first of all let's this is let's let's get rid of this idea that it's not a crime now it is a crime now there are at least two major areas that the people who have ridgeline
3:50 am
before could and should have been investigated and if the evidence was there should have been prosecuted for one of them is an offense under the theft act the offense of false accounting under section seventeen of the theft act. and because in force accounting it's where you create a record which other people require for an accounting purpose well that's clearly what live on libraries in terms of working out what interest rates a country on the other place and other persons areas of need but there's also the more generic common law offense of conspiracy to defraud and these people anywhere where two people agree together to do an unlawful act or to do a lawful act with an unlawful pub for an unlawful purpose it's a conspiracy to defraud and these people could and should have been investigated but the trouble is as as we've seen so often for so many years the city the city fathers they don't want this message to be to to to to be publicly ed but
3:51 am
actually this is just a saying you know a nest of thieves so much pressure what we do is we comment on what down we bring in some new chap who understands the way the chaps work and we call for a bit begin but you know a new reviews we have a review and then we start talking about new laws it's going to take it's going to take at least a couple of years to get these new laws on to the statute books by which time or people who have been heavily engaged in the skullduggery of the shenanigans up to now are just going to quietly be forgotten and they'll just slip slide away scot free so we're not talking about a conspiracy theory we're talking about a conspiracy we're talking about a conspiracy i'm saying this is a theory this is reality but now here's the big question if it's a crime now why can't a detective from scotland yard arrest people today because scotland yard have been deliberately and specifically engineered out of the process how they did it well
3:52 am
politically they simply told this is not an area that we want you to investigate. but that seems remarkably cavalier on the part of any government to simply remove the of any type of criminal prosecution from an entire sector of society let me to give it to give the administration when i was a detective i could go out on the streets and if i had the evidence i could arrest a man for an offense say oh of murder offense for which he could go to prison for life i could arrest him i could take him back to the police station and if i had the evidence i could charge him with the offense but i've done that without anybody else's authority or say so i could charge a man with it with offenses serious offenses that were going to be life imprisonment but the moment you came to investigate the financial sector even in my time the moment you came to investigate the city the financial sector even for
3:53 am
offenses that current is a maximum two years imprisonment. everything you did had to be reported through the department those days the department of trade and industry which was that the city regulates free agency in those days you had to report it to the secretary of state and he had to say whether or not these people could be charged so there was always a level of political maneuvers sites about what was going on over there so that mr close wasn't allowed through to exercise his oath or see on fences it's always been the same and it will always stay like this this is president's way to do things such as the police in this country now that when they're being asked to cut back on wages and having their pensions stolen from the city of wall street this is on behalf of their agreement then to not prosecute their terrorists in other words there is a notion that these are five acts of financial terrorism and in fact that the current government is allowing terrorism in the state to occur unchallenged
3:54 am
financial terrorism and they think they are here to an ideology not unlike any other extremist or terrorist and it's being allowed to thrive here in the city did that to the police are they upset that the government is giving their blessing to terrorism right here in london or do they have said about it i probably probably have to sort of kind of step back from the word terrorism it's a phrase you know what you call a dark areas of our pedophilia and i will what do you are comfortable with good i think people are being raped financially i have this column you are doing nothing now it's not that i could we're going to crime this this is well let me go i think doing anything because they are not being allowed to profession is not acceptable you can't say well why should anyone because here we have asked of walker a.k.a. the birmingham looter you sir for months in prison for looting two hundred pounds worth of clothes from a shanab however he's never offered a deferred prosecution agreement is given to banks or steal billions why is it wrong then to burn down these towns and say if you don't want a society that runs on any law and order let's burn it all down for it all why not
3:55 am
. tell the people why they shouldn't burn the city down well i think the i think there's a law and order but you can't so i think it's very difficult to try and make a quantum leap from one source how that would be because we nobody wants to see public order suddenly going to being thrown to the wolves something that nobody wants to see that but i think people do want to see is a far greater degree of aggressive dynamic prosecution being brought against the citibank's this the people who i say are organized criminals the committee organized crime i have written many times but what we need in this country certainly in the in the united kingdom we need a series of targeted prosecutions of senior chief executive chief and senior executives of financial institutions. you would see a tsunami of compliance they would be a tidal wave or of a sudden these complacent people who've been spending not enough money on providing
3:56 am
compliance issues they suddenly get in line because the last thing they want is to be prosecuted and city fathers know who this guy who's really lobby against what you're saying is is blindingly obvious and the only conclusion one can make is that the current governor david cameron is a corrupt scumbag all right doesn't run ragged time thanks so much for being on of a kaiser report it's a great pleasure and that's going to do it for this edition of the kaiser report with me max kaiser and stacy everett i thank my guests rohan bastin davies and i mean email please just so it ties reported r t t v dot ru until next time x. has are saying. well. it's technology innovations all the developments from around russia we've got the future covered.
3:57 am
3:58 am
you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harpur welcome to the big picture. the gold fever. turns thousands into slaves. much problem but also among brotherhood involved in the monsoon and since i started working at the moment i stated. multinationals. cash cows to be milked dry and if i think that in this country gold medal logie as an environmental cost which is an acceptable local business was labeled illegal and controlled by
3:59 am
28 Views
Uploaded by TV Archive on