by the elite our bosses that run our global financial system no charges just. u.b.s. admits to fraud agrees to pay one point five billion dollars after libel or probe now the bank itself was not criminally charged just like h.s.b.c. was not criminally charged for trading with the enemy or laundering drug money there were two bankers tom hayes and roger derren they were individually charged with such things as wire fraud well you know major media particularly in the u.k. is as much at fault for this banking crisis as the terrorist banking establishment themselves i mean here's jeremy warner who's in the telegraph who says in this editorial that little evidence of what is essentially an of my glasses on little evidence of systematic collusion between banks and without knowing what the libel rate would otherwise have been it's quite hard to prove out right harm and

certainly impossible to know the scale of any laws that you say there's no proof of collusion and yet the financial times in the very same day talks about banking collusion and a banking conspiracy so ok gerry water why does he feel compelled to a misrepresent the facts be outright lie c. curry favor with terrorists while it jeremy here's here is you know standing in his sights sure he looks like you know george soros is after birth you know the somebody found out of tailoring shop and got all smart and up but he's he's propagating propaganda that's what it is. u.b.s. has been fined they agreed to pay the fine and you mention and gerry warner in there says that there's no way to know the cost well we do know fannie mae and freddie mac. are the two government sponsored entities in the united states which are now fully

owned by the u.s. taxpayer they underwrite something like ninety five percent of all mortgages now in the united states well when you take out all these contracts mortgages interest rate swaps they're tie to the libel rate and an internal auditor at fannie mae and freddie mac. has determined that the libel rigging cost them three billion dollars and therefore the us taxpayer they defrauded the government and remember we talked about one thousand and one that notion that if you lie to any federal authority in america you get thrown in prison and a federal prison for a few decades so. a lot of our scandal they ended up engaging billions of dollars into fraud which were added on top of the bill that were given to taxpayers from the likes of hank paulson needed the seven hundred fifty billion at the time became fifteen sixteen trillion to bail out these guys so why boras having a direct impact on people's lives and for every dollar that's saved in interest

expense on a mortgage of course you lose two dollars in pension money in retirement money so people who think they're saving money on this are either i don't know reference or read german more than a propagandist for the telegraph well you know speaking of him i also got in a fistfight basically on the way here i love them i know that because i get all riled up and none of them are married of course you know i look for those type of you literally had to drag me away so this guy a property developer was in a fist fight practically with me over this whole library scandal he's saying it's not a big deal it's not a crime u.b.s. find nearly one billion pounds over a libel rate rigging as payments to brokers exposed this goes into the details of the e-mails that went back between forty five bankers at least at u.b.s. and at least two thousand requests for. quote inappropriate submissions to live war were documented at the swiss bank leading the city watchdog to levy its largest ever find that bit here from the f.s.a. was something like one hundred fifty billion of one hundred fifty million pounds

but they say at u.b.s. at least two thousand requests for inappropriate submissions to the key rates were documented and at least forty five individuals including traders managers and senior managers were involved in or aware of the practice of attempting to influence submission so as i wrote for you in the opening monologue there this is rico this is a racket this is a criminal enterprise you know to back us what you and u.b.s. is a criminal enterprise are involved in a racket and they. hedge fund managers rating agencies governments to local government and they commit acts of fraud and terrorism and they're lauded as being somehow trustworthy and by the way u.b.s. ripped off our good friend slax miser. they did it was a very dodgy deal there but they're saying here now there's a confusion amongst the likes of jeremy warner in the telegraph there's a confusion by a certain property developer here in soho about whether or not they're engaged in any sort of criminal activity now u.b.s. this settlement is for the swiss bank the u.s.

bank and in japan and they cite for example that there was a broker in japan who was apparently open in admitting his crimes anyway in his e-mails on september eighteenth two thousand and eight he explained to a broker who is submitting the live or bid he said quote if you keep sixes i.e. the six month japanese libel rate unchanged today i will do one humongous deal with you like a fifty thousand buck deal whatever i need you to keep it as low as possible if you do that i'll pay you you know fifty thousand dollars one hundred thousand dollars whatever you want them out of my word so illicit fees of more than one hundred thousand pounds were paid to this particular broker. well yeah and suitcases full of cash they're in and i was working on wall street you know that suitcase full of gas are used extensively to bribe sales managers and regional managers and the i.p.o. market talked about it before so they they're they're involved dozens of people in

in a mafia criminal racket for fifty thousand dollars in cash he is his is bribed to commit libel fraud it's fully documented and yet nobody in these governments are saying we can't go after them because they're too important to the systemic health of the global economy so therefore they live above the law that's a caste system that's feudalism and we're all untouchables now and these are the brahmans who've been around to be do whatever they want to do and although we have no recourse whatsoever ok that's what we're talking about. so but you know previously here in kaiser report max has talked about the fact that compliance officers are often bribes so here we have this this trader at u.b.s. bribing a broker to submit false a rate for the libel rate now five internal audit had failed to uncover the attempts to manipulate live or despite the emails that the compliance officers and the internal auditors at u.b.s. had they could see all the e-mails they could see the guy writing that i'll give

you one hundred thousand dollars if you submit a bid lower than what it really is but the compliance officers know all the criminal activity that's going on we've talked about it before it we're in the christmas season the compliance officers the guy the brokers from the biggest the biggest bribe to the firms i work for you the compliance officer everyone doesn't actually know how you're committing the crimes you've got to keep them sweet and so in terms of keeping this week finally i have one sort of headline here max india must tap household temple gold to reduce imports so india the world's largest bullion buyer should mobilize idol gold line with its citizens to curb imports and lower record current account deficit according to the all india gems and jewellery trade federation so households and temples in india carry twenty five thousand tonnes of gold and last year there was a record import of gold of nine hundred sixty nine tons according to the world gold council and this is leading to a record deficit for india eighty percent of their deficit is caused by. gold

imports well the indian population is doing what i've been telling people around the world to do by buying silver crash j.p. morgan so the indian folks are buying gold to crash the banks terms in india people around the world should be buying silver to crash j.p. morgan buy gold and silver to crash the banks or because if they're above the law and no one is going to go after them and they are given a remit to commit massive fraud and financial terrorism then it's up to everyone in the world and the indians are leading the global charge on this i commend you india continue to build your gold hoard kill the banks turns off yeah and finally you know on this that one of the reasons why they give for why they store twenty five thousand tons of gold is because there's the government doesn't take care of them there is no social security system but here we have a false illusion that the government is somehow going to take care of us even though all the evidence is there that they only take care of these banks of the u.b.s. guys who are defrauding you of your pension it's clear we see it happening in india right now take position a physical gold cross the bank stores everyone else buy silver and gold crash the

bank stores because the banks have now position themselves above the law we're heading into a caste system into neil feudalism and unless you have silver or gold you'll be a debt slave for you and your family and your next generation for generations to come stinking ever thanks so much for being on my show thank you don't go away stay right there much more coming your way. 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 realize that everything. you don't i'm tom harpur welcome to the big picture.

deadly rivals the decades. if you had fifteen thousand people killing each other in any other country there would be diplomats there would be a lot of. self-imposed out costs from society i will cut myself am i going to tax my brother

understand my. immediate. going to leave. the cause of my anger and my frustration. that. well into the dome. to the most violent gangs in us history. is just all model kill or be killed with colors matching the national flag. but this country uses violence when it reaches and then it legitimizes the violence they all made in america on the ati.

you. you. you. you.

welcome back to the kaiser report i'm max kaiser time now to go to new york and speak with gerald celente of trends research dot com gerald celente a welcome back to the kaiser report oh it's great being with you max all right joe it's a lot to see that they've sold out of all their guns at wal-mart what's that all about well it's the knee jerk reaction to the slaughter in connecticut and you know they don't want to look at the root cause of this and they're blaming it on guns and president obama is talking about you know ending this cycle of violence to which i say if you're going to end the cycle of violence. why not start from the top down this is a culture of cruelty you know when a bomb drone blows up a family and they are collateral damage or when

a million people are killed in iraq because of a war that was started for fake reasons well there's no blowback on that when predator drones are killing innocent people in pakistan afghanistan yemen hey that's ok so you know they say that the fish rots from the head down and that's what's going on in america it's rotting from the head down and this is just another part of the culture of violence that sweeps this nation a culture of cruelty so what they're trying to do is blame it on guns and now they're reagan talking about putting the national guard in schools and more surveillance and more why it's happening we can't let this happen and of course they're not talking about it all about what kind of drugs this kid might have been

on like so many of the other mass murderers these young people that have been on ritalin and prozac zoloft on all of these drugs they're not bringing that up at all they're blaming it on guns well i got an idea you know gerald it's you mention the culture of cruelty in the united states of course there at the same time pro life so i thought maybe a transitory thirteen would be to arm fetuses in case someone tried to abort them they could shoot their way out of the womb i think that'll catch on well that one they already have it they call them ballistic missiles. all right the first talk about your latest trans journal you talk about generation after generation that was it will have to fight the the next american revolution as you're calling it so talk a little bit about that. well they call them the millennia old and you know this is the young generation just coming through the workforce and the generation as if you

know this is the first time in modern american history where current generations feel they're going to be poorer and have less opportunity exe than the ones that were previously before them you know what the generations before them and this is really it historic event in the united states where people have lowered the bars of expectations and it's also very interesting because these were the children that were brought up with a parents had names for them they were special when they were little kids and then they started to grow up a little more and they became amazing you know having never done anything but of course they were special an amazing they could never lose it anything and even the losers won trophies so now it's happening there into the real world down it doesn't look so good because when you look at kids graduate college max fifty percent of them that have jobs have jobs that barely require

a college education they're moving back home they have a future as suture so now we're looking at it was say where is it going to go we'll be looking at really the second american revolution it's already be god the groundwork has been laid when you look at what just happened with the presidential election and i've been following the of stuff at thirty three years i used to be the assistant to the secretary of the new york state senate i have pictures with me and reagan me and john connally other people i was in washington for several years i know what it looks like and i've never seen an election that ended with a thawed like the two thousand and twelve presidential election. and so what we're looking at is the repudiates sion of both systems so we believe that we're going to see some really big changes happening in two thousand and thirteen and beyond all right jerrold you talked about generation after you saying that the incomes are

crashing unemployment in the youth is rising quite substantially at the same time the country and still growth in the obligations that it owes its creditors the debt ceiling has been raised the quantitative easing has been raised so isn't this going to end how is this going to end because if the next generation isn't making enough money to substantiate the growth needed to pay off the bonds and the bond growth keeps rising exponentially that seems like at some point there's going to be a huge disconnect your thoughts. well there is going to be disconnected says that it is the same disconnect that's going on in greece the same one that's going on in spain and ireland and portugal and in italy so yeah the disconnect is going to be there there's not going to be any money for them there aren't going to be any jobs and these are the things that revolutions are made of and we're going to see more of it you know it's bonds away twenty thirty eight and dr paul craig

roberts one of our contributing editor of the trends journal is going to be writing an extensive piece on that he says the bond bubble is ready to burst so these kids are going into this society and there's nothing in front of them that gives them any optimism i mean they don't even believe in hoping to change anymore so what we're going to see when we when you look around europe for example max you have unemployment rates among the youth it's over fifty percent in spain in greece it's approaching that in italy in portugal and they're going to have the same thing in the united states you have these young people with their hormones raging in their raging mad it's the same thing that brought down the governments in tunisia and in the end in egypt of course they've been co-opted the revolution has been stolen but the people that brought it about with the young people and this generation asked we

believe is going to be the spark be high the second american revolution all right child it talk about the second american revolution it's in the latest trends jonell and you mention in the journal when you talk about the second american revolution that it is a revolution of the heart. when i read that i'm thinking well you don't want to veer too close in the direction of calling for an all out violent insurrection and yet jelled you're talking about a country with all these huge social issues that has amongst its population own. over a quarter of a million you know what quarter of a billion two hundred fifty million guns so if there is a second american revolution even if it isn't a revolution of the heart it's happening it within the in the context of a very well armed population allisat going to be not anything but a bit chaotic jerrold because when you go back to the first american revolution the

foundation under it was an awakening and the awakening of course back then was tied to religion but part of the awakening in these sensual part of it was people understanding it's their responsibility they're responsible for their own salvation and it's not about looking to leaders who are deities to lead them but to lead themselves and we believe that we have two choices it could either be guns and armies or mind and heart and when you look max at a read of sonce and i started thinking about it you know the renaissance began after the dark ages after the black plague rather so you had what sixty percent of europe was decimated and the people realized they were doing something wrong the people that survived that went to the monasteries the comments went out into the areas away from the destruction realized that there's

a different way of living and went back a renaissance or a discovery to bring back from the past so as we're looking at it now i started thinking a renaissance has already begun. it's begun in fode and it's really one of the essential elements food clothing and shelter think of the renaissance in food you you're a former you know ex-pat you're an ex-pat you remember when they used to serve sanka and they used to call it coffee you remember when you couldn't get a good loaf of bread you wondered what wonder bread was there's a renaissance it grow in la and buying local growing local it higher qualities of food if we keep expanding their renaissance of thought if we could fill our body. we could start filling our minds with different

messages that the messages of cruelty well. you know you mentioned the black clegg you know going back to european history and of course the medieval period before the enlightenment before the rana sonce you had a system of serfs and lords there was very little in terms of justice here now today in london you have a bank h.s.b.c. one of the biggest banks in the world they were they were caught laundering money and financing al qaeda and other terrorists but the government is saying that we can't prosecute them because it might disrupt the global banking system so we've gone from too big to fail to too big to prosecute we have a two tier justice system where the folks at the top i can break the law without any fear of any prosecution whatsoever so i understand what you're saying that people are going to go back to the hippy commune are going to grow their own food and it's going to be a big summer a love but if you've got banks who are out there committing crimes with no

penalties whatsoever and they're bankrupting the global economy how do you get to the hippie paradise from there jerrold yeah i'm not talking about the hippie paradise i'm talking about when i'm talking about food and culture that you go to when you go to great restaurants now and have food that you never had before it's all over the contrary but it's more than that it's an understanding of quality i mean you're one hundred percent right about you know this is the christmas season fit give me if i mention jesus christ during the christmas season and not retail sales but let's remember that the one saw i that the prince of peace becomes violent is to drive the money changers out of the temple the reality is there you're talking about h.s.b.c. how about the library scandal how about you b.s. . barkley how about m.f. global yeah the word justice is j u.s.t.

us just does and that's what i'm saying max it's never been more transparent than now the vacuum is so watch the b.s. searing chief obama could no longer get away with the baloney i'm really happy that he won for one reason and one reason only is because if romney were one people were to give him a chance give them a chance as things are going down now with no one not many people now have any high expectations from all bamma people have no high expectations from government when the vacuum is this big you can fill it with something different you could fill it with different music you can fill it with different entertainment you can fill it with different messages so there are very a lot of positive things happening as the whole system is on raveling as well again

a renaissance was born from death and we have a death of culture a death of style a death of the integrity a death of passion a death of a death of rhys bags and a death of courage so when this death happens something new is born reborn born to replace it. again a point about it's a return to quality and not a happy revolution but i think you should consider a nehru jacket and love beads for a tyrant twenty thirteen but we're out of time general thanks so much for being on the kaiser report hey thank you max and happy new year all right that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i want to thank my guests general salon say a trans research it led to some e-mail please do so because a report. t.v. dot are you a lifetime mascot as i buy all. the

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