it's very possible so i should try it because you know how fabulous i had luck i got so many i mean i have my hands that i know that i'm still really messed up. in the old story so actually probably the. worst for delivering the lie down to the. radio guy for a minute. what. we're about to give you never seen anything like this until it. was up guys and i mean mine in this break in the set so as you already know john brennan has been nominated to lead the cia and in fact now he's just waiting for final approval in the senate but interestingly enough one room alone the senator rand paul has been asking for answers he's appealing to the obama administration to

address whether or not the president could assume authority to kill american citizens by drones on u.s. soil and not surprisingly he got a less than assuring response to d.o.j. eric holder issued a letter back to him in which he had this to say he said the question you have posed is entirely fictitious that tickle unlikely to occur and one we hope no president was or have to confront it is possible i suppose to imagine an extraordinary circumstance in which it might be necessary and appropriate for the president to authorize the military to use lethal force within the us oh so big he sickly what he's saying is that if something should happen to supposedly possibly occur then the government could maybe supposedly possibly resort to killing american citizens with drones right here at home whom i don't know about you but that many hypotheticals in one sense is downright terrifying what holder said here should be a wake up call to us all. believe me i have many of my own problems with senator

rand paul but i will commend him for today for taking to the floor to invoke a talking filibuster that has prevented the confirmation vote from taking place during his speech today senator paul had this to say he said i will speak as long as it takes until the alarm is sounded from coast to coast that our constitution is important but your right to trial by jury are precious that no american should be killed by a drone on american soil without first being charged with a crime without first being found to be guilty by a court that's absolutely right and that's why i find it so perplexing that president obama a former constitutional law professor himself doesn't see it this way and after this ill logic to go break the set. looked like this is good if you've never seen anything like this.

have you ever heard of a bit coin the first decentralized electronic currency not controlled by a single organization or government check this out. what is. between is the first decentralized digital currency because these are digital coins you can send through the internet compared to other alternatives bitcoins have a number of advantages because things are transferred directly from person to person via the net without going through a bank or clearing house this means that the fees are much lower you can use them in every country your account cannot be frozen and there are no pre-requisites or arbitrary limits. believe it or not this is a currency now being used by more than one hundred thousand people all over the world who are trading thousands of dollars worth of bitcoin every day and just imagine a currency with no middleman no bank and no credit card companies sort of talk about this alternative currency and what other economic policy changes could have

virt the full financial collapse which my next guest says could happen as early as next month right now i'm joined by max kaiser host of the kaiser report her new york studio thank you so much for joining me max. it's great to be with you also i'm so let's talk about bitcoin i see that you've been talking about it quite a bit lately i find it really fascinating max give us a sense i mean how fission is this really is it really able to fix the economic problems we face. well if fission is a good word first of all it's up two hundred percent this year so the dow jones is hitting an all time new low against bitcoin this is a currency that people are starting to gravitate to as a store of value realizing that the other currencies out there like the dollar the end the euro are just fiances run by central banks who have the ability to print trillions and trillions in an attempt to debase their currency and what's called the currency war where as with bitcoin there is a limited supply it is

a store house of value it is trip to logically protect it gives users the benefit of making anonymous transactions and yes it is very efficient you can send money anywhere in the world for a fraction of one percent which is a lot cheaper than anyone else offers so it's going to challenge the business models of the big banks the so-called too big to fail banks and let me add something else abbie is that this rise in bitcoin shows you the real effects of the money printing that's going on at the federal reserve bank you know ben bernanke in his testimony before congress will say well we don't see any inflation even though . his c.p.i. number that they use to gauge inflation is not really representative of a true basket of goods that the average american might experience the average american is experiencing eight to ten percent inflation and they're wondering why would the federal reserve lie like that so there's a lot of problems with the federal reserve is saying and this is drawing attention

to bitcoin which is now a four hundred million dollar market and it has room to become one to five ten percent of the global forex market so that bitcoin price which last year was at four dollars which is currently trading almost at fifty dollars if it captures ten percent of the global market you can see it going straining for one hundred thousand dollars a bit going to million dollars of bitcoin has its own so let me ask you guys i mean is there any and i love the anonymity part of the big question i think it really can get a lot of widespread appeal but i mean as it gains more traction what kind of efforts could we see or should we expect to see rather from banking industry and from you know these bank lobbying efforts to really block this i mean is it possible for them to really stifle the growth of this. i don't think it is possible to stifle the growth aside from just shutting off the internet completely but even in that case you could store your bitcoin offline in a drive in

a thumb drive or something like that so there really is no way to attack bitcoin and for this reason it's gaining a lot of and herons and just to point out again when you hear the words coming out of ben bernanke these mouth in terms of there's no inflation out there well the big point price tells you that there is really inflation around the world as we see the price of bitcoin gold silver or all starting to ratchet higher so bernanke is clearly lying and this is what's driving attention to something like bitcoin which is a true limited supply currency that has genuine attributes of a currency that is attracting now hundreds of millions us into the billions of dollars in interest and it makes so much sense max it's hard for someone like me who has grown up in this debt based currency on a total crash course i mean it's a completely unsustainable model which you have actually come out and said you know this is going to fail soon i mean we're not too far away from from

a total financial collapse here with this unsustainability why are you so sure this is going to happen so soon. well the dow jones for example hitting a new high well the amount of debt backing the dow jones is at a new high so this is a rally based on margin or debt the u.s. debt is at all time high the global debt is at all time high the global derivatives markets are at all time high six hundred trillion dollars in derivatives around the world so if you look at the global economy as a system because it has long sense left the place of being tied to anything relating to supply and demand of tangible assets like gold we're now really in a systems analysis to look at this global economy you realize that the stress and the strain of the system by adding these hundreds of trillions of dollars worth of derivatives creates these episodes. systemic collapse and we've had now four or five years of this rally we've had now a period where people are have grown complacent and generally that's when you see

the will start to pop off and that's when you see markets go through a bit of a tumble you know they say markets climb up a staircase and fall down an elevator shaft so this elevator shaft is about to open up i think pretty quickly here and we're going to see another crash and then people say oh we never saw it coming and they'll bail out the banks again and the whole thing is repeated but of course we hear these the buzz words max from the corporate media sequestration fiscal cliff i mean all these things are kind of preventing us from seeing the bigger picture what you're talking about right now and as you just said of the dow jones reaching record record high corporate america c.e.o.'s making record profits of all workers are making even lower wages i just wrote a really great article that talks about how at this point corporate america could easily be paying one hundred dollars an hour. to talk about the concept of tying the minimum wage the money supply. well this is something i've been trying to communicate to labor for a number of years they keep trying to tie their wages to inflation but the

inflation number is is cooked it's bogus it understates inflation by a huge factor they need to look at money supply and say we want wages tied to money supply that's bankers are paid bankers are paid based on the growth in money supply the government increases money supply by trillions of dollars in the bankers pay themselves as a percentage of the growth in money supply so as long as there's a federal reserve increasing money supply worker should demand equal to just a patient in such a economy by tying their wages to money supply and if they did this over the past twenty or thirty years minimum wage would be one hundred dollars an hour a hundred fifty dollars an hour and you look at a company like apple computer they've got one hundred thirty one hundred forty billion dollars in cash sitting there on the balance sheet they could easily pay their workers one hundred dollars an hour and still be vastly profitable so these companies have record of the. lots of cash they have no idea what to do with all that cash and they end up recycling it into the bond markets during a bond bubble why not just pay people want to just pay workers a wage that's tied to money supply growth that's what i've been talking about and i

also sent you a story abbie about the eric holder's comments talking about banks and h.s.b.c. basically reemphasizing the point that these banks are now completely above the law he believes that to prosecute banks would jeopardize the global economy he's critic a two tiered justice system banks don't have to adhere to any laws everyone else has to somehow comply with the law this is very problematic and troubling tell you to leverage where we have about thirty seconds left but talk really quickly about what you're talking about what scandal you're talking about well h.s.b.c. a big bank in the u.k. was caught laundering close to four hundred billion dollars in mexican drug cartel money and laundering money for terrorists their defense was you can't prosecute us because if you did you would jeopardize the global economy they signed off on this in the u.k. and eric holder has just signed off on this he has also said now that that's correct and this is also came out with lanny brower who's assistant district

attorney in washington d.c. who also came out during a documentary and reiterate the point that we can't prosecute banks because if we did we jeopardize the economy so this is a remarkable turn of events essentially legalizes financial terrorism financial what paul more whistleblower in the u.k. for the he says that these guys in the banking system are responsible now for a financial hole of kodaly hundred million logic too big to fail also too big for trial max kaiser and the kaiser report awesome to have you don't have to have you on again fear in germany. now if you like what you see so far head to our you tube channel and youtube dot com plus breaking the set to be sure to subscribe so you don't miss a single episode of our interview segments had out if you want to cut those separately encouraged i want to check out our interview about censoring animal cruelty about ad guide laws and full potter we also give every second we've done separately under our tab section on top of the page from big brother watch to weapons of mass distraction check out all of that and more youtube dot com plus

breaking the set political break for now but stay tuned hear why the mainstream media has it all wrong on hugo chavez next. potentially deadly blizzard taking aim for the northeast it's expected to hit stunning in a few hours from new york to maine we have team coverage of the storm. but what we're watching is the very heavy snow moving into boston properly or today it was very sticky you can see it start to become much more connery down to the low and there's still a lot of snow out here and a good place for snowball fight. piece and it is going to pretty incredible day there and even record snowfall throughout what's been like bilbies like to be driving lessons to the emergency vehicles are exceptions.

limitation of. the cretaceous three per store charges three arrangements three. three stooges priests the old sleep longest c.d.o. the four year media project c.d.o. dogcart tom. little. the subtle. little. lists.

her. play. lists all right guys by now i'm sure you've heard the news of venice whalen president hugo chavez passing away he lost his two year battle with cancer on tuesday march fifth at the young age of fifty eight although he gave a voice of the venezuelan people in a way unlike any other venezuelan leader during his first his fourteen year leadership chavez was a controversial and polarizing figure on the world stage who is both hailed and snared now if you're looking at the rhetoric from the. the stablish you're only

getting the side of the story that paints chavez as a ruthless dictator tyrannical socialist and a mad man dead set on destroying america safe yourself. called the tour of tyrants or runs amok with was it a job and venezuela's hugo chavez making a joint appearance yesterday you're seeing video that joking about iran's nuclear program and u.s. anger the problem it's coming at the hands of a man the u.s. describes as nothing short of a dictator president hugo chavez. strong words from media organizations who already made up their minds about what type of leader chavez was so how does the same establishment press run in with the news of his death to find out. we run out of the death of venezuelan president hugo chavez who lost his two year battle with cancer on tuesday he was a polarizing and outspoken figure you refer to the us as the evil empire and famously branded u.s. president george w. bush as the devil during addressing the united nations and he warned his countrymen

frequently of an impending u.s. invasion of venezuela adding to the tension was chavez's long list of dubious friends who's who of american enemies from mahmoud ahmadinejad in iran moammar gadhafi in libya and iraq's saddam hussein the price of his socialist agenda. has himself term limits were abolished even his critics admit he could have gone on winning elections indefinitely his biggest failure may be his unilateral success a legacy of one before his death critics said chavez was leaving venezuela in the control of narco traffickers and this morning u.s. officials are wondering how his passing well impact relations with the oil giant yes of course the big question what's going to happen to the oil can't think of any more obvious look i'm not going to sit here and glorify even a swallower chavez or socialism for that matter and in fact there are many

legitimate criticisms to be had take for example the heightened rates of violence and censorship in prosecution of political dissidents but you hear the less appealing aspects of chavez. from the corporate press so my job is to tell you what they won't lift the veil on the most egregious myths about the venezuelan president so let's get back to the subject of oil after all venezuela has the largest reserves of crude oil in the western hemisphere and the bold move by chavez to nationalize the countries for trolling resources has been one of the. those points of contention the seizure of foreign and corporate controlled lands in the country along with the redistribution of wealth amongst the populace are notions that do not sit well with many. unlike other developing nations that allow multinational corporations to sell off the country's natural resources chavez began to initiate incremental steps giving the state full control over its oil reserves with these funds the government was able to instate various programs of social development

aimed at narrowing the country's wealth disparity develop in venezuela into a principle player in the international community despite what you've heard about chavez it is undeniable that under his leadership the poorest in the country were empowered in two thousand and nine the center for economic and policy research published a report on venezuela's economic expansion it highlighted that under chavez the country's g.d.p. nearly doubled in only five years extreme poverty was down by seventy two percent child mortality down by a third there was arrested and to access to universal health care and college enrollment was on the rise still the myth we hear is one of a socialist commandante who manipulated the poor with handouts to gain their loyalty and support but in reality he helped the poor enormously just the fact that doesn't bode well with people supporting corporate domination over the region

another media talking point is that chavez was a ruthless dictator who redrafted the constitution to dissolve term limits to ensure his perpetual tyrannical reign dictator not so much as one the seat of president four separate times often by an overwhelming majority the last election alone drew over eighty percent voter turnout was a process that former u.s. president jimmy carter characterized as being quote the best in the world the referendum in question dissolved term limits was. voted and passed by over seventy percent of the people in the country star was voted on passed by over fifty percent so when it comes to democratic participation in this way let's put the us to shame on that kind of enthusiasm voter turnout anywhere in this country chavez also has been painted as a conspiracy theorist and loon first question the bush administration's role in nine eleven and for accusing the us of assassination and coup attempts to unseat

him but is it really so ludicrous to imagine that scenario given the cia's sordid history of assassinations and coups across latin america against leaders that didn't quite follow in line with american interests in fact there is mounting evidence linking the bush administration to a two thousand and two coup that briefly did oust chavez and officials at the organization of american states have said that the us was not only aware of the coup but they in fact sanctioned the coup. by dismissing shadows as a dictator like the media machine tends to do all of these valid points that's same media machine ignores the impending tyranny in this country the soft fascism leading to the indefinite detention of us citizens and twelve years of endless war when you look at who chavez was lumped in with the likes of fidel castro marmar gadhafi mahmoud ahmadinejad and saddam hussein they share

a commonality they all opposed the us corporate imperialist takeover of the planet going forward keep this in mind when a leader is vilified and demonized and usually signifies their threat to the status quo so regardless of what you've heard of what your personal thoughts are about chavez he simply cannot be dismissed as a tyrant because his voice of opposition and others like him serve a necessary divide to prevent the global corporate enslavement and tyranny. given the news of the president hugo chavez there are many questions over the future of the country the bull varian movement and the relationship and history will have with both the u.s. and the rest of latin america moving forward to talk about what might happen next in the country the good the bad and perhaps the ugly legacy of hugo chavez i'm

joined now by jim you a brown global strategist with your global thank you so much for coming on and you for having me so you just wrote a really great article where you described chavez the first multiracial president breaking down the racist paradigm of power and period of them in the region a labrat on what you meant by that well in latin america you have a very long tradition of people from the oligarchies who are usually of european descent that have been the leaders of the country but for the first time chavez was the first known president we know to proudly proclaim his african and indigenous heritage so that is something that was really unprecedented now we have is in bolivia but before that it was only child this and it was his election in one thousand nine hundred nine that many really argue spurred that possibility not only for leftist movements in latin america but also for able morales the first indigenous president to come to pass. and set the stage for a new latin america really with this president i mean you said it even more all

those kind of picked up where you know where he really set the stage for this new multiracial except and right well he really reignited the movement and kind of the brilliance of charges was calling it the ball of their movement that is in reference to simone believe are who was a great liberator in latin america during the eighteen hundreds and that really just shows reference to the centuries of history that you have of this democratic revolutionary ism in latin america so really what he did at a time when the latin america was just completely disaffected by the united states and its neoliberal policies which had really just sent its economies into freefall chavez who actually attempted a coup on the administrate. and in one thousand nine hundred two we rose again in power to be this progressive very socialist leader that was going to bring back the charge of putting people first and the populist movement really spurred into social programs and services that were stripped away through neoliberal programs like the structural adjustment programs that you saw through loans that were given through

the i.m.f. and the world bank that's called the washington consensus and that regime right here in washington d.c. it came out of our own government and you know the crippling that it did to the region the people really just rose up and after seeing all of the gains that business well it was making then it set the stage for lula in brazil is set the stage where it will morales has set the stage for rafael correa in ecuador so you've just seen kind of this domino effect or a pink tide as they call it not quite red lake the cold war but a pink tie still this is scared of the spring you know when you say no to the corporate interests you're asking for trouble talk about bebo very movement in general i mean how do you think that we're going to view not us but the u.s. specifically is going to view socialism in south america with chavez gone yeah i mean essentially that's the question right like what is the small without a doubt they are great so a lot of people are saying that is going to bounce back to cuba and many people say the relationship that child has had with fidel castro and the cuban regime but i

kind of have a sneaking suspicion that there are other stars that could rise up out of that movement for instance i mention ecuador and rafael correa. is probably not as enigmatic in curry's matic as chavez was but he's a talker he loves the spotlight he's u.s. educated he's fluent in english and he very boldly told the united states that if they wanted to put a military base on ecuadorian soil that they needed to put a base in miami and so you know we could really see him rise up and he was just recently reelected and he credited that reelection to go chavez as well i. really commend him for having the guts to stand up to the. expansion of bases in this country i think it's great. that you just you know we can expect to see new faces rise up and i hope that we do. you know he won most of the most of the election landslide pretty much in comparison of course to your selections but

a closer margin than ever before with the most recent one do you think this could be signifying some sort of political shift in the country well the tides are changing a bit the opposition has definitely gained some steam and even within his own party chavez received a bit of criticism because it was more of a top down populist movement because he was just this larger than life character as opposed where it kind of growing through the grassroots however in the wake of his passing we now see that the government is really banding together and the beauty of the tribe is movement unlike the cuban revolution is that there are different factions you have people with economic interests you have the old school leftist that preceded this child the small you have the child of course and then you have social groups and a lot of them are comprised of the poor people of color those of african and indigenous descent so that's kind of the beauty of it and they're going to find their way through it seems to right now have the support he's leading in all the

polls and as you mentioned the carter center really verified the veracity of those polls as well so it's a shift but i think there's still a possibility for it to keep going to be very interesting to see what happens thank you so much for coming on down. for today thank you so much everyone for joining us we'll see you tomorrow. oh. you know how sometimes you see a story and it seems so for langley you think you understand it and then you glimpse something else and you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harvey welcome to the big picture. of.

me is even. if. you. believe in the. world of. science technology innovation all the latest developments from around russia we've gone to the huge earth covered.