banks may create a digital currency is to rival bitcoin the virtual money whose u.s. dollar value collapsed by forty six percent to twenty four hours last month the head of new zealand's banking lobby said today so you see the propaganda bedded in there saying it dropped by forty six percent in that brief little flash crash flash rise and then flash crash but here you're seeing the banks themselves are saying well we want to create our own one because of course of the efficiency of transmitting and a very genuine globalized currency why not leapfrog ahead of everybody else for scotland by having this genuine globalized currency where you can make transactions globally instantly no four x. exchange no three day wait instantly and think with complete trust that it's a genuine transaction a genuine cash the big queen cash are being handed out as a virgin currency that will remain forever virginal the bank of england's pound sterling is an old hag that will remain all was and forever

a worthless nonsensical trollop and they're not going to compete with bitcoin these banks will not compete don't they will not introduce anything near a big coin just like there was only one joan of arc there was only one virgin mary there was only one a law there can be only one big coin and it rules supreme everybody's now trying to get in on this pay pal is also saying we want a cut of the action that we don't understand what bitcoin is trying to address what problem they're fixing of course they're fixing the problem of transmitting currencies and a globalized world where you need to have faith in you know somebody improve that there are five dollar item that they're going to send you is real and they they want to know that it's real that they've received the money so i want to turn to staying on new zealand this top new show there are one news has a market share forty four percent here's the propaganda they were they were talking about bitcoin and here are some bows. so expert allegedly this the.

bitcoin business one of the things about it is that it's free of politics is free of in the sense of obligation to society indeed any connection with society it's indeed been described as being we know about facebook being a social networking system as as an anti social networking system it's highly individualistic and the concern is that while it's pretty soon the drug dealing or or money laundering a whatever there is also this inclination towards a highly individualistic society in which we can operate anonymously when nothing is traceable we avoid paying taxes we afford to exchange rates we avoid a lot of the things that minds us together was a society well you know again i hate to play the i invented the virtual specials card again on the show but us pat number five nine five zero one seven six the

virtual specialist technology from one thousand nine hundred six is the precursor to this exchange problem as relates to virtual currencies as relates to bitcoin and that it is talking and the fact is that the crypto logical element to a virtual currency a put them together and you create a world beating currency just like bit torrent destroyed the intellectual property business or forced it to reinvent itself bit coy it will force the global banking system to reinvent itself or die j.p. morgan will no longer be able to simply go out there and steal all with the with the accomplices of the big four accounting firms the fund managers and the justice department will have to actually compete for a living and that's what we can look forward to a bit going well exactly because then the woman goes on to say that yes she agrees that it's a sinister currency and that currency should be controlled by governments and big banks and he had said that this society is. minded together by paying exchange

rates so there you see it's a rented a economy they know that we have a rented a thing where these guys this one percent control everything you have to pay the toll booth over and over and over and i wanted to turn to a headline out of america regarding this to show you exactly what a rented economy is a why they want it new york times seven of top twenty highest paid c.e.o.'s were media moguls new research published by the new york times show media moguls are disproportionately represented in the ranks of the country's highest paid executives when ranked by market worth the top twenty companies in the united states did not include any media firms yet media corporations employ seven out of the top twenty highest paid chief executives leaving the industry with c.b.s. head leslie moons who made more than sixty million dollars last year is the third highest paid executive in the country that's been based entirely on copyright and the copyright extension law that so-called mickey mouse law every time mickey mouse is set to enter the public domain they expand copyright by another twenty years as

well aaron schwartz by the way felt the need to pressure him to the point where he killed himself chris dodd of the motion picture association of america the lobbying group in washington for the copyright cartel and yes it will result in as you call a profits the intellectual property come from the public domain it should by law reenter the public domain in a reasonable time that thomas jefferson thought during the founding of the american constitution fourteen years not lifetime plus seventy five years those perpetual copyright has given society a collective will bottom e. and these guys are copyright cartel most who are destroying the economy well of course everybody in america knows of scotland based on the film braveheart which again is like part of this copyright renting economy living off. the intellectual property of scotland people are already living off their oil resources of scotland they're also the. being off the intellectual property of scotland and by the way we

need a new enlightenment and all of the enlightenment most much of the ideas of the enlightment come from scotland whether it's adam smith or david hume the ideas of the enlightment come from there so for a knowledge economy it seems like they should have more power on a globalized scale using a bit coin globalized currency and their knowledge ideas what could be more of an invisible hand then a cripple logically guarded invisible currency like bitcoin i agree if it is and it is the the like the enlightenment or the renaissance it is a moment in history that we will look back on as being a total change in the course of human history because it reinvents this entire idea of money which has been an issue for thousands of years and scotland my brothers and skull in the maxwell clan of which i am a member of maxwell kaiser's my full name the catalogue castle my former

a boat going back a thousand years and the family crest is river riscoe we will rise again and we will take over scotland again i am your king and i pronounce the big coin is the currency of the new realm of scottish independence and we are going to end. and we are taking back what is rightfully ours. finally on scala in a rented connelly's of course you know they had ninety percent of north sea oil reserves are in scottish territorial waters that's apparently brought in up to about three hundred billion pounds over the last twenty thirty years to the british treasury now of course they want to go independent there's not much left seventy five percent of the oil reserves are blowing through but alex semin provokes rao by predicting fifty seven billion pounds scotland oil boom first minister accused of selecting optimistic economic forecasts to bolster his case for independence so

assuming it had a full geographic share of north sea oil and gas production based on international marine treaties scotland's total reserves would be the highest of any e.u. country at sixty percent of total e.u. oil reserves george osborne and the new guy bank of england mark carney they are engaged in massive money printing they've been able to hold back the floodgates of inflation even though the real shopping cart inflation in this country in britain is now almost nine percent it's not the two and point eight percent that the government lies about but when that bursts and you see inflation twenty twenty five thirty percent oil goes to one hundred two hundred three hundred dollars a barrel so what is remaining of scottish oil will give it so much wealth it could come down here like the icelandic people did during the boom of the icelandic economy they bought the west ham football club they bought hamleys or hanley's a toy store they bought all the stuff on the high street scotland will come down here they'll buy books bells they'll buy was mr they'll buy oxford street they'll buy it all because it got all the oil it is five hundred dollars

a barrel all right here with thanks so much for being on the kaiser report thank you max all right stay tuned for the second half speaking with frankie boyle. he. says. yes the facility the surface of british police along with other civilian.

if. i am playing. thirteen years old. you really really want to you know he was getting hit so well it was a way for. us.

sleeps. welcome back to the kaiser report imax keyser time now to turn to comedian and glaswegian frankie boyle frankie welcome to the kaiser report size why mimics all right frankie boyle george osborne has been up in scotland warning against independence what the heck is the story was scottish independence anyway and what are your thoughts on it george osborne mine every time i hear his voice i just feel i should gather my belongings and get off the line just like this is going to come and seized by she possum for the other things that he's perpetually caught in

a state of panic he doesn't instill a lot of confidence doesn't turn citizen is just a. maybe it is like a table traveling sheriff of noida muslims and it is clearly someone is telling him could you know what's needed in public and he can't quite himself that he's like warnings gone he's saying you know don't going to plan it you'll die fall into the ocean you want to get the british pound is really warning them like oh you know how you'll never survive i mean the scottish people wouldn't take that on bridget this is say you know. more people don't care if it's a british provided it's have enough to throw out it for thirty years can kill it. i think it's just it's scaremongering isn't it i mean the us has things was question depends and should think the case hasn't really been put properly and if you look at a modest table the only one that's quite interesting and when the oil fields are north of the prison a huge zigzag into off like in norway also. lots of ways the school could survive

economically but obviously his job is to be there for. the oil and the oil is really really the secret going to quote behind margaret thatcher without the dots the oil there would not have been the thatcher revolution as we know it is that of course tory your thoughts in terms of scholars independents you could get away from the tories well that's a huge selling point over i think if they could put it to people it would be their squalling could be the dependent socialist country that it feels as in its heart if they go away that would be a huge selling point for them but they haven't really been really true isn't it a case there because obviously the people at the heart of the independence campaign and their symbionts or socialists i mean even in america the people of alaska get a cut of the oil revenues the people in the middle east get a cut of the already is scholar independent all the glaswegians i want is gone when we get a cut of the oil revenues it will be a socialist paradise wouldn't be a socialist by place but you know you could. you go to george osborne there her

interests i don't i don't know why i am always born tonight taking cocaine. he's never taken cocaine as he says but i mean that would explain his personality. just the sheer horror of his bed and he should go he should go for as you say should snorts most every day with horror for sure or rid of his well has a habit of a cocaine user or an ex cocaine user they're always looking for that been do you know. what pocket is if you know this you see that the city of london a lot bankers kind of checking where they put their coke even when they're not doing the the scottish banks very famous r.b.s. an. epic financial fraud. but they're now owned by british taxpayers it is a good time as any to leave english with the bad banks he said i'm saying like another benefit of going independent just leave all the scottish debt in england

and you walk away without that debt yeah because actually the d's in school and joined with england because a date in the first place do you know that improves right to know itself without him project was basically scolding thought they would get on colonialism. to say that they were. a colonial empire by panama and they invested a lot of money in the no police at the time and the they lost all their money because everybody died. and that is why they had to do the union with england and that was the spy in scotland to see him just i broke the nobles were and if they would go for us was said to robinson crusoe he was an english by some of the faded on the unions funded than that and lot of this debt was built up during those years even though they had a lot of north sea oil behind them it's not like norway where they built up as huge almost trillion dollars' worth of a reserve fund for the country they just blew it all here on housing speculation this is going to ask or is going to project now where he's going to mimic the sub

prime disaster of america that he's going to bring that to the u.k. now where the government's going to subsidize speculation in the housing area. it's clearly a ponzi scheme your thoughts yeah well i mean the whole thing if there's a shortage of affordable housing and they say well we're going to bring back a right to buy scheme that caused the shortage of fordable highs and uncommon and what was common things that everybody can share the dreams of homeowners are the dreams of tissue paper to survive or the dreams of being trapped in a loveless marriage by negative equity doesn't really say but yeah seems like a huge ponzi scheme is a psychosis are they just stupid they're not in charge i think that's the thing who's in charge banks i think the finance sector is in charge you know and if you look at our politicians dilute clady could be in charge of something like we. boris johnson's office or does he look like you could lead he could lead you into a revolving door he said but in c. casa what i was homers he thought he had power over anybody it's a sham they're that they're the front of

a three card monte let's talk about the media in this country which of course means b.b.c. because being the thing is the media in this country and if i do run into the b.b.c. show a bus or if you're if i'm going on everybody if you've been banned currently or you're not banned or are banned or i think i'm effectively you're the penalty box for the moment ok and i was on the ten o'clock news. live show a couple years ago talking about i think hang the bankers and one of the luvvies comics david mitchell was aghast that anyone would make the suggestion and there was a huge brouhaha and they were trying to defend the bankers you know the goldman sachs banker at the table said well yeah maybe we should hang the bankers why are comedians who are who would be you would think on the cutting edge of satire and really point a finger already pointed so reticent about attacking the bankers yourself excluded of course which i think is the ones i mean they did much was brilliant because there's a sentencing of the people who go in on television becomes

a nod or spectrum jude in times of crisis super committee and talk at last they say in times of. add it to your friend that like comedians do better you know michael mcintyre people because people want to forget about stuff and that's true but also more challenging people start to go at the edges they start to know appear on t.v. because you need to really stupid population you can't rip people off like that with with with people who have any information don't just need a stupid population you need a real you need people fifty million people a week watching duns and old i mean that's we need people just. you know if you're going to you can get away with this is a nice way to talk about forsyth. because he still who lives there is a danger. he's a dancin dog dancing just back to population is not a nice thing to say for. now you have a visitor in college of course donald trump has shown up with

a golf course and he is a nice american loci american yeah thoughts and i just. progressive this n.p.r. the cold by. his horrible gove course in the course of creates jobs for people in school and job creation you know whatever. businessman and changing the sheets let's get back to the media discussion for a second so you're saying frankly that the comics who are looking to really go after these bankers in the you know are going off the mainstream journals off the major markets they're appearing more i mean i go to for example in london there are now a couple of showcases one called la la tex which is in camden a once a month which is mostly political comedy and of course that comedy goes in cycles. of the top talents in the u.k. in the world i would say. you can't give me your insight into this you know we went through the sixty's where you had a lot of political comedy and political oriented music then we went through the

reagan era which was pop and madonna are we getting back and then we had the punk rock phase not a lot of punk. medians although maybe in this country there were where are we historically on the culture cycle frankie boyle your thought oh you're in a point where it's been held by and to what it would probably come back up into a cycle of rebellion again is connected to what i am because the need people to be seen as little as possible at the minute because of all the vegas must go to and so you really have people talking about me when i started. we were told by their out war during the invasion of iraq you can imagine that you can imagine upon osha would be on that in the lead in on you know sports are getting worse at the moment what is more but you can see members as there's a left to mean in a sayings and those like the train old men in the things in this thing could talk about local races so what political colman they left to us means you know george carlin people talking about politics but doubly political comedy means satire to

britain it means people having a bit of a go with the coalition saying that there shouldn't really be cuts not talk about things like war or god or any any huge can of political touchstones you know says that there's a don't train oh don't talk about six at the most most people if you want to get on t.v. because it is a stranglehold on media of the b.b.c. it was so how come there's so little media diversity on that in the print page there's different print you know left oriented print newspapers somewhat compared to the us but a lot of people would say that doesn't exist that the guardian is just very you know just a little bit less to the right than let's say the telegraph but compared to the us there is kind of the left and but on t.v. however it's all right wing there's no there's no left at all because it's all dominated by the b.b.c. and i'll just read a document or a b.b.c. in fact hides taxes to the netherlands just like starbucks and google and all these

other companies so they're just a corporate slime bucket as well you're in the us now well i mean you've got you've got a centuries. really we're if you look at certain things been reported by the b.b.c. israel is what israel palestine or something you can see a great deal of what would seem to be institutional bias there and it's a great institution in some other ways i mean compared to television america i think it offers a lot more than you can get in any commercial trying on america but the same time you go to recognizable what plays in britain and propaganda you know when we were doing a show for b.b.c. world news called the article with max kaiser a couple years ago we only had one editorial direction and that is we could not mention israel in any context right shows the only thing we heard from the b.b.c. i mean you've got to remember though that it's kind of like one in federation and that you know and there are people who would want to do that joke but it's true and some of my work on your show but the point they're vulnerable to is kind of a low been about and they're very vulnerable to the press and you've got to understand the role that the printed proceed in that what their scale if you think

about the joyous and ross russell brand scandal a few years ago you just follow the people in there there's the phone has that machine. a huge star and what britain where it was about not. on a radio show to really famous people here did a prank call to kind of well loved by some stuff that shouldn't be done but that is stella baker scandals and the paedophilia scandal in the b.b.c. . yeah if you were to look at coleman still a bigger scandal reisa russell brand. left a message on a phone answering machine or made fun of a guy. very spicy language that became a huge scandal and b.b.c. was censored and they were and it was covered but the jimmy savile scandal where he's involved in over i think four hundred cases of child at ophelia this kind of swept under the rug sure i mean and that's what they're scared of if you talk about why they're scared scared of the totally they're scared of newspapers that can come out every day with buy guns and they can just put you on the front page and so you

know you're right the general has to resign and that's what they're really scared of there's a lot of people in there you know well this is a funeral. lol of course big virtual state funeral it was a state funeral and she was i believe gave the jimmy savile a knighthood yeah yeah what was going on there we don't know they should have like a fenton funeral for would have been to just plug or orifices lever in the sun for a few days pillow or our court and lawyer. in westminster like a d. fleet and beloved people couldn't have been less and traced to the big lie as are starbucks. because you of course know about market forces yet it would be beautiful should have live on paper you could have been profitable now should the profit on the funeral they should have the loss of the funeral martha's mourning of the loss of her funeral you could have made a killing on the funeral or political guest list of the funeral was just a an indictment of the shambles that was the. should of goal of those crimes well i

often make that. allusion myself and my director usually i'm glad somebody has a board with cried at the funeral was that it was just like it was like a thing from star trek or something couldn't believe it was a tear for make it the sword and all the shots of michael portillo. and this bizarre wasn't it and to think that they went so large and in such a time of supposed this that it's you know it's disgusting all right well i'm way over time but frankie boyle thanks so much for me thanks for all the guys report judgment all right. ok let's go do it for this edition of the kaiser report with me max kaiser and stacy herbert my guest frankie boyle if you like the same email please do so kaiser reported r t t v dot argue so next time i ask others i.

choose your language clearly we can't with oh if you're going to kill some of. the consensus you can. choose the opinions that immigrate to. choose the stories that impact your life choose the access to your. lift. the speed.

limit. the amount.

of the going down of the sun and good morning we will remember that we will. that. russia was built on coal. fields for its factories. coke for its steel. gold is it lol. and heat for its people. join me james brown to meet the men who spend their lives underground and work in one of the world's most dangerous professions. would let's you. hearts of coal on l.t. . real damage

and complexity of this oil spill was not something you can grasp just by looking at dirty birds we have between four to five million people in this directly affected area of the coast and it's pretty clear why it's not being reported because b.p. can't afford to have a reported all along the gulf coast are clean they are safe and they're open for business if b.p. is the single largest oil contributor to the pentagon the us war machine is heavily reliant upon b.p. and their oil this is a huge step backwards for the marker sea it's a step forward for oligarchy carex it is toxic is a look a lot like spraying in vietnam it was it was not a picture that either the government or b.p. really wanted to have out there i don't want dispersants to be the agent on. this.

forty killed and many more severely injured in a double car bombing on a town near turkey's border with syria with ankara suspecting syrian involvement. in the election the vote count underway in pakistan after deadly blasts rocked the country during a small stone democratic vote for the former prime minister and out of the muslim league claiming victory. there were more ballots than. sturrock. election results coming out will keep you up to date. and immigration in germany is at a twenty year high with economic troubles fueling the flow of people hoping for a better life in europe's largest economy and the only. growth.