if. this. his first book blamed wall street for looting america but now his new book is 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 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 soms 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 that 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 work with these

large investment banks to create securities that were designed to fail they were packaging. decks that were designed to fail then they bet on them to fail so 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 any type of change well here's where the change going to come from from right now most people believe that if you make a lot of money you must be producing value for society being rich means being successful meaning somehow doing something important for society what 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 to 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 on 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 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 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 then 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 that 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 good news 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's. 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 because they can make more money there and they have some incredibly ingenious schemes for doing it well 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 a 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's ok you'll say you know what maybe i 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 and education whether you worked on wall street or worked in manufacturing you're and about the same that after deregulation the nonfinancial sector goes flat and the wall street sector goes straight up.

how that happened 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 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 taxed at twenty percent instead of the new rate of thirty nine point six i mean it's outrageous that they get a tax break why 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 the robin hood tax europe is several countries in europe now are moving in this direction. 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 potential crisis all in system that's money of money move 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 that because 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 other than that. i will guarantee that we will disclose

on regulated we will face another crash eighteen and we will bail out the very institutions were saying it would never be a lot again because there. bigger now but you know the the five largest banks the 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 say 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 a taste of this i wrote a piece that questioned one of these hedge fund people about then designing bets that would fail and i wrote in my piece that why if this person is so smart why are they engaged in the near criminal conspiracy next thing i know. they threaten to sue me for saying that 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 very 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 dollars an hour we would have earned two hundred seventeen thousand dollars so please talk to your boss about getting a raise. i will talk to him about that last leopold thank you very much for your time thanks so much for having me.

wealthy british style. markets why not. find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines in two kinds a report. play

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cut cut cut. cut cut. cut cut. cut cut. cut. cut cut cut cut. cut. when i was done or bushel terrorists the real toll gates of america's police state coming up obama's adventures in murder lead. 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 drone strikes on foreigners can now get a taste of their own medicine but so will those a game strong with a like it or not a court ruled obama can drone murder americans without trial even though it's 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 protect claim as a lawful certain actions that seem on their face incompatible with our constitution while keeping the reasons for their conclusion a secret investigates

a jason leopold what's going on it's a police state mentality 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 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 miami strafing highways with machine gunfire in what with or to school a practice run. government drones says the supreme court can even spy on your private property without a warrant you hold somebody is nude on your own property says jay stanley of

america's civil liberties union you can no longer be sure nobody is watching you so the first citizen who pulls the trigger. will be for you to judge the first american patriot that shoots down one of these drones that comes too close to his shoulder in his backyard will be an american hero and a small to food scandal were americans paid to spoil my sil's this full true on this video was pulled. it reveals this public spy system of recording all conversations in places like michigan and soon some from cisco and city streets calls cope's when you make aloud to them ridge noise and uses. like fish will prove every post 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 co-ops investigative journalist much as the report 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 and the problem with that is obviously that it is the 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. is the government breaking us constitution. states pretty clearly 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 the c.r.u. that. to someone's phone call or reading an e-mail constitutes a search simple question why should people know what its government is doing that's 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 they did this and you know that that is not an acceptable way to govern in a democracy elected senators also call reveal all your calls opening the f.b.i. claims people on this so have no right to privacy and even your professor near richard's 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. every u.s. family is being recorded not just for emails but in everything it goes from poking

tickets to choice of dog food that harvesting of dates is being aided and abetted by your local network provider see even wide open circuit direct to the national security agency to take john sold themselves as anti establishment in the one nine hundred eighty four pool was this freedom fighter playing big brother between twenty thirty big brothers no. sort of. subsequently rich mogul is the only one doing this company's 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 changes 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 hounded by feds constantly where. comb plans an end to the

government spying capability my goal is. in the next five year yes i want to encrypt half of the internet you know just. reestablish a balance between a person an individual and the state because right now we're living very close to this. 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 with 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 but boy all the victims of this innocent people wiki leaks revealed the facts so shocking the feds attacked. day and night for over

a week to stop people reading it. internal security e-mails expose that america's work is quote more activists than the terror threats this intercept operates of testimony confirms the real target is ordinary americans because we're all in 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 intelligence bill somehow claim spoil everyone is practical and effective with an independent group the exact opposite of what a bunch of crap coming through hampering counterterrorism the inquiry could not

identify a single contribution that fusion centers made to disrupt in. active terrorist plot . officials asserted that some fusion centers existed when they did not centers forwarded intelligence endangering citizens civil liberties and 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 and you million square foot facility. will hold all the world's information for the next one hundred years when strangers getting control first victims children. teaches kids dressing through school supplied. crockford strangers with access to all files how serious will the abuse there are

over four and a half million people in this country now what have security clearances you know a number of those people are actually working for private corporations so these teachers snooping on aides are about you know police in appropriately using databases to look up information about their extra friends or 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 it any number of 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 the tricycle.

choose your language. according to the killer though if you're going to kill going to kill someone. was right. to use the consensus i can. choose the opinions that immigrate to. choose the stories that imply. access to.

the british. world's. markets. find out what's really happening to the global economy for no holds barred look at the global financial headlines tune in to watch. there are twelve cities in the united states in which half of the people with hiv aids lives with. this with this is a problem that frankly is substantially preventable but was not the big elephant in the room and nobody wanted to talk about there were really good public health campaigns that people were really focused on this problem you certainly should be

able to have a lot less a tragedy a lot less human suffering. at least in the traditional. the way the system. m. m's.