tv The Truthseeker RT February 8, 2013 1:28am-2:00am EST
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saudi arabia has ordered its retailers to construct one point six meter tall barriers in the middle of their stores a rather unusual demand is that something related to everyone's favorite buzzword terrorism no it is to keep male and female coworkers separate saudi arabia is pretty infamous in the west for its laws regarding the sexes and their segregation activists always want to go to other countries to convince them to adopt western attitudes that deep down in their hearts they secretly want but often they miss things like the fact that it was saudi women who ask for the segregation feeling uncomfortable while buying products from men according to a.f.p. you know some people in countries like saudi arabia or north korea might actually like living a radically different lifestyle and even if they don't like living that way well it is their job to fix it not by some sort of western intervention when i want to live
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in either of those countries not really do i want to live in a country with the saudi arabian concept of gender not really a part of having freedom of choice means being able to choose things that i may think are backwards or illogical you know let them have the walls in the stores if they want western civilization you know if it's truly the end all of human evolution then they'll take those walls down eventually on their own but that's just my opinion. his first book blamed wall street for looting america but now his new book is
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a step by step guide on how to become a millionaire member of the nation's one percent joining our team for an exclusive interview is author les leopold thank you very much for sitting down with me once again thank you for having me your new book is called how to make a million dollars an hour why had funds get away with siphoning off america's wealth what is the purpose of this book what was your motivation for writing it well i wanted to try to get at how it's possible to have such an amazingly skewed income distribution how is it possible in two thousand and ten after the crash for say a hedge fund person to make four point nine billion dollars that year that's over two million dollars an hour how was that possible when i dug into it i found some amazing things that
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a hedge fund manager can make in one hour with the average american family makes in forty seven years think about the justice in that one hour verses forty seven years i knew something was wrong there and i had to go find out why you say that hedge fund secrets make it possible to hold down a standing sounds in the space of minutes as long as one is willing to bankrupt their morality for the cash remember well one of the biggest scams that was going on and i'm sure you've heard of these books that talked about the big short all the ways the smart people have bet against the housing market in the they did so well and weren't they you know geniuses for doing so with they did was they worked with these large investment banks to create securities that were designed to fail they were packaging. attacks that were designed to fail then they bet on them to fail so
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they made their billions of dollars by selling a product and then betting on it failing think about this it would be like designing a car that was going to crash and then you took insurance out on the car so that you could get the benefits of the crash that's what they were doing and i'm not exaggerating the federal government investigated several of these every large bank was involved in this j.p. morgan chase goldman sachs you name it they all did this with hedge funds and they to try to make a killing you maintain that wall street gets too big of a portion of the national income and you say that should be changed but politicians are usually more in sync with the financier's. than they are with the average constituents so how can you realistically expect and it's have to change well here's where the change going to come from from right now most people believe that if you make
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a lot of money you must be producing value for society being rich means being successful meaning somehow you're doing something important for society with this book is designed to do is to show that that's not true and that's the first thing you have to do you have to break apart the notion that these people are political successful they make a lot of money but when you look at how they make it it's it's impossible to say that they're producing any value for society once we do that it's going to be a little easier to make the case the politicians and the public is as a whole that this is outrageous as a matter of fact i think most americans are ready understand that this is outrageous the problem is that politicians are tied to all that money that comes into their campaigns what the american people now understand is that when you let these people play their game they will take down the economy they will employ millions upon millions of people without batting an eyelash and that's a volatile. next for the in america i think i think if any politician really had
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the guts to go after wall street they could ignite the kind of passion that led to occupy wall street people don't like the fact that they're getting ripped off and they know they're being ripped off by wall street you're essentially saying that the u.s. financial elite the majority of it is effectively robbing the people so do you believe that the rising inequality between the rich and poor in america the widening inequality is a match a man made disaster absolutely it's a well put it's exactly that a series of policy changes took place in the late seventy's early eighty's and then all the way through that led directly to the growing gap the growing income distribution between the super rich and everybody else and it's precisely the hedge funds that pull up the inequality every look if some thirty something person is making twenty thirty fifty one hundred million dollars
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a year well then every banker says hey i want to be paid like that to every finance person says i want to be paid like that too and then when the c.e.o.'s of regular companies say wait a second i have got you know twenty thousand employees how come i'm not getting that sort pulls up the inequality and that's what has to be stopped now a large part of the income now wall street receives is virtual it comes from trading financial instruments it's not backed by commodities how big is that disconnect huge it's huge they've totally forgot they don't even think about whether or not what they do is good for the economy or any or that it produces a product if they can do what they do it and what if it's more profitable for banks and hedge funds to play in this casino that is for them to put the money in the real economy why is it that lending from the large banks is still so meager for businesses across the country so. because they can make more money playing in these casinos as long as we allow these casinos to operate that's where the money will go
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because they can make more money there and they have some incredibly ingenious schemes for doing it but how long can these type of. shenanigans or imbalances continue and still we see a possible you know implosion of the global economy and implosion could happen at any time. it will go on as long as and as long as we allow it it's a creation of human beings it's not an act of god we deregulated we could reregulate for example if we put a financial transaction tax on every single. buying selling of a stock or derivative of a future any financial instrument you begin to suck some of this money out of wall street and put it back into the real economy and what you want to do a shrink wall street down to size you want to eliminate these outrageous salaries. and bonuses you want to eliminate that so people will say you know what maybe i
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won't call wall street maybe i'll go work in health care industry or maybe i'll go work in a university or you know research they're smart people but what they're doing is they're using their talents to produce nothing at all and not only is it nothing but it's it can be a dangerous something that they produce can actually pull down the economy there's a chart that shows wages since world war two in the financial sector in the nonfinancial sector and from world war two up to the mid one nine hundred seventy s. a writer on one thousand nine hundred the two lines are identical other was it didn't matter whether given your skill in education whether you worked on wall street or worked in manufacturing you're earned about the same but after deregulation the nonfinancial sector goes flat and the wall street's sector goes straight up. how did that happen it happened because we we made it super profitable to work on wall street how do you believe the world. should or can react to the information
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that they were disclosing it's not necessarily all you know but you're saying that it's escalating right i think for starters. step one is we've got to get rid of the tax breaks that they use they have hedge funds and private equity firms use this thing called carried interest where they can claim that their income is really capital gains which is now taxes at twenty percent instead of the new rate of thirty nine point six i mean it's outrageous that they get a tax break while you are the richest people on earth getting a tax break why would a billionaire need a tax break and they're not even creating any jobs as far as i can tell so in fact they destroyed a bunch of jobs so that's step one get rid of their tax base but step two is we need to find ways to suck the money out of the financial sector there's too much loose money floating around there and the way to do it is through a financial transaction tax called a robin hood tax europe is several countries in europe now moving in this direction
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. a because they need the resources and b they have no patience for this speaking of your hand crisis financial crisis do you believe the u.s. is exposed to that you handle crisis all one system that's money money moves so fast now it's all one system i mean the banks that we're talking about they're all global you know that and by the way they're larger than they ever were before and what's the consequence of. consequences are we're very likely to face another crash and this is the killer we're going to bail out these institutions and get we're going to this is i'm only going to make one prediction here other than if you stick with me and use these twelve point you to make a million dollars an hour then that. i will guarantee that we will disclose on regulating we will face another crash eighteen and we will bail out the very institutions were saying we'd never be a lot again because there. bigger now that you know the the five largest banks the
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united states account for fifty two percent of all the banking assets they're bigger than they were before the crash you think we'll let those five go under no way are we going to let those five go under unless we replace the whole banking system with a government system or what are some of the. steps and points to be able to make a million dollars an hour step one is you have to want to be richer than the pharaohs you can't just settle to be like tiger woods or even oprah or a movie star tom cruise or see you that's not enough that's only seventy eighty million a year you got to want a billion years you have to you have to really think of yourself as one of god's chosen elites that you're good you're going to be smarter and richer than anybody that walks face of the earth so you have that step one you have to have to drive the last step which i kind of want to get to is you have to be willing to crush your opponents you have to be able to deflect the center dissenters i got
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a taste of this i wrote a piece that questioned one of these hedge fund people about them designing bets that would fail and i wrote in my piece that why if this person is so smart why are they engaged in a near criminal conspiracy next thing i know. they threaten to sue me for saying that the person was involved in your criminal could in a criminal conspiracy and i say wait a second is near criminal that means like nearly having sex isn't there a difference between merely having it and the real thing is there a difference between being in a near criminal conspiracy in the real thing but you know they're coming after me with an army of lawyers so their goal was to get that piece removed and you know what they succeeded i couldn't fight them two had hedge fund managers really make a million dollars an hour yeah they did more than one while more than one. and by the way by the time this conversation is done had we gotten our proper million
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when i was done your bushel terrorists the real toll gates of america's police state coming up obama's adventures in. your search engine selling you love. and america outlaws private property. if you use a so a computer or walk outside the f.b.i. now considers you a terrorist suspect with no right to privacy sixty two percent of americans through
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by drone strikes on foreigners can now get a taste of their own medicine but so will those a game store with a lot of kids or nolte a court ruled obama can drone murder americans without trial even though its courts incompatible with the constitution when obama threw an alice in wonderland christmas but it's unclear if he's mocking the judge who said. the alice in wonderland nature of this is not lost on me a catch twenty two that allows the executive branch of our government to provide claim as a lawful certain actions that seem on their face incompatible with our constitution while keeping the reasons for their conclusion a secret investigative jason leopold what's going on it's a khalif statement halle and if i were to say to you or anyone in the public that we are moving closer and closer toward a police state it would i would be dismissed as a conspiracy theorist as someone who is just paranoid but we are already there
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and as you mentioned we have the drone strikes we have we have the fact that drones and various police departments throughout the country are using drones for surveillance here several u.s. citizens have already been assassinated here blackhawks fly low on downtown miami strafing highways with machine gun fire in what with or to school a practice room. goldman drones says the supreme court can even spoil your private property without a warrant you will somebodies mood on your own property says jay stanley of america's civil liberties union you could no longer be sure. so the first citizen who pulls the trigger will be feted says this judge the first american patriot to shoot down one of these drones that comes too close to his children his backyard
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will be an american hero and a small the first scandal were americans paid to spoil my sil's this fall to all this video was pulled off it reveals this public spy system is already recording all conversations in places like michigan and soon some francisco in city streets calls cope's when you make a louder than average noise and uses data mining like fishel profiling of every pulse of boy so the promo was pulled but the program expands moment of harm of security on touchable so they will simply tell us of the cities that deploy these robo cope's investigative journalist medicine please describe to us a world of so-called intelligence streets you might be having an intense conversation with a friend you might be having a friendly argument over a sports game or whatever it may be a political situation the cops could be called in then you are treated as a criminal and till you can be proven innocent of some kind of criminal activity
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and the problem with that is obviously that it is a complete reverse of what the american justice system is supposed to be we are supposed to be innocent until proven guilty but with this kind of pre-crime technology where you are held guilty in till you can be proven innocent is truly a kind of minority report style absolute science fiction when we're talking about this kind of stuff but unfortunately behavior recognition is getting rolled out in these cameras privacy expert kate crockford was. laws is the government breaking its constitution. states pretty clearly in the fourth amendment that united states persons that say anybody in the united states should be free from want less search and seizure so it's pretty clear to us that these you know you know that listening to someone's phone call or reading an e-mail constitutes a search simple question was should people know what its government is doing that's
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essentially what dianne feinstein said on the floor of the senate and they were debating if i say three out there is. that in december she basically said just that you know we can't tell people what we're really doing because if they found out it exists and you know that that is not an acceptable way to govern in a democracy elected senators also call reveal all your calls oh being the f.b.i. claims people on this so have no right to privacy you know professor richards do they have any legal grounding to do that at all i think to say that no one has a right to privacy when they use a mobile phone or that no one has a right to privacy when they use the internet is utter nonsense every u.s. family is being recorded not just for e-mails but to everything it goes from poking tickets to choice of dog food that whole thing of dates is being aided and abetted by your local network provider. even would up at circuit direct to the national security agency to take john sold themselves as anti establishment in one thousand
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nine hundred eighty four was this freedom fighter playing big brother with him twenty big brothers no. sort of. subsequent to this rich mogul is the only one doing this companies you know basically and let's take a step back there are the policies by the companies that basically say you have no privacy an example of that would be facebook they can sell your data monitor your data they change your policies all the time and they've made those chain. it is with very little or no notification to the users even china hasn't had the ability to monitor their citizens with such depth and breadth as a company like google how did by feds constantly web. comb plans an end to the government spying capability my goal is within the next five. years i want to encrypt half of the internet you know just. reestablish
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a balance between a person an individual and the state because right now we're living very close to this vision of george all and i think it's not the right way you know it's a wrong path that the government's on thinking that they can spy on everybody but governments now openly working to kill a free internet all together leaving the internet alone has been the nation's internet policy since the internet was first commercialized but that was then and this is now. voyage all the victims of this innocent people wiki leaks revealed the facts so shocking the feds attacked. day and night for over a week still people reading it. in security e-mails expose that america's. work is quote more activists than terrorists threats this intercept operators testimony confirms the real target is ordinary americans the calls were all in
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english they were all american and the guy goes back to his supervisor and says sir these people are all americans the supervisor says just to transcribe it that's in order to transcribe everything a lot of these people were having personal phone calls calling their families and everything just disappeared somewhere someone's got it after a few days he said he didn't want to do it anymore didn't think it was right so they got somebody else to do it there's a lot of intimidation and people just follow orders from national into. everyone is practical and effective but. what a bunch of crap coming through hampering counterterrorism the inquiry could not identify a single contribution. made to disrupt an active terrorist plot. when they did not centers forward intelligence endangering civil liberties and
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privacy personnel are prohibited from monitoring u.s. persons for activities protected by the us constitution such as the first amendment freedoms of peaceful assembly and protest it'll be the biggest bunch of crap in history million square foot facility. will hold information for the next hundred years. through school supplied. strangers with access to. how serious will the abuse there are over four and a half million people in this country now would have security clearances you know a number of those people are actually working for private corporations so these teacher snooping and aides are about you know police in appropriately using
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databases to look up information about their ex-girlfriends are you know mayer is using information to look to you know their political enemies whatever this is actually just the tip of the iceberg because we don't you know what these people are really doing every day when they sit in front of a computer that you know has access surveillance feeds from all around the country or all around the world or you know any number of databases containing you know so much information about what early every single person's country in the u.s. this is a t.v. you know what kids do this is a tricycle. choose
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markets. the global economy. global financial headline. there are twelve cities in the united states in which half of the people with hiv aids lives with. this is a problem that. the big elephant in the room and nobody wanted to talk about they were really good things that people were really focused on this problem you certainly should be able to. see a lot less human suffering. the
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