Skip to main content

tv   Breaking the Set  RT  May 14, 2013 7:29am-8:01am EDT

7:29 am
you guys i'm happy martin and this is breaking this so let's talk about monsanto you know the company behind most of the genetically modified foods they are putting into your body the company who owns half the world seed market well sadly it looks like the biotech corporation is continuing to tighten its advice on the neck of washington d.c. this morning the supreme court ruled on a patent case where a seventy five year old farmer was sued for mixed soybeans that were not created by monsanto with other g.m.o. seeds because as we know month can't rest until they know farmers are only growing crops with their label on it check it out. if they don't want me to go to the elevator and buy the grain then the congress should pass a law saying you can't do it sadly the justices agreed with monsanto and if you're infuriated that a massive corporation can lay an eighty thousand dollars lawsuit in american farmer for infringing on a life patent well that's just the beginning think back to march when congress quietly passed a bill dubbed the month santa protection act basically allowed the company to be
7:30 am
above america's judicial process and immune from prosecution. so they're spending hundreds of thousands of dollars so in small farmers across the u.s. but they're also operating above the law so no one can sue them that seems fair right oh and you know that the supreme court justice clarence thomas used to serve as an attorney for monsanto back in the seventy's surely there's no conflict of interest there all of these little tidbits are forming the clause that monsanto is using to keep its monopoly over farmers like vernon brown thankfully is more americans learn about the relationship between the g.m.o. giant and our government the more they want to fight it on may twenty fifth their protest scheduled in over thirty countries against monsanto it's called a march against long santo and activists from all over the world are participating the action to make several demands like to repeal the monsanto protection act and label g.m.o. foods sounds reasonable enough this government actually cared one shred about we the consumers if you're like. me and the millions of other people around the globe
7:31 am
that want to know what's really on their dinner plate let's get together and let's break this set. up. for a. regime anything like. the two thousand and eight financial collapse was the worst economic crisis this country is facing to the great depression and at the time the government posited that the only viable solution to the problem was to bail out the massive banking establishment of the u.s. taxpayer funds of the tune of seven hundred billion dollars effectively socializing the losses of private banking corporations however during the first ever snapshot audit of the federal reserve it was revealed that the numbers were actually much higher than what was being told to the public according to vermont senator bernie sanders the fed provided more than sixteen trillion dollars in financial assistance to the largest financial corporations in the world truthout kevin zeese
7:32 am
a lot of rates on the point saying the fed to quote unilaterally provided trillions of dollars in financial assistance to foreign banks and corporations from south korea to scotland these decisions were all made without the public media or elected officials knowledge and they would have remained secret without an audit yet decisions being made by the federal reserve to spend trillions of taxpayer funds without any input or even knowledge from the public or our elected officials so why is a private banking institution that can use the direction of our own government and charge of this country's money supply and furthermore what will happen not if but when the banks fail again joining me now to discuss all this and more is ellen brown president of the public banking institute and author of the book web of debt the shocking truth about our money system and how we can break free thanks so much for coming on ellen thanks abbi so your book web of debt outlines the history and evolution of u.s. monetary policy why was the one nine hundred thirteen federal reserve act such
7:33 am
a turning point and why is it so damaging for the production of money to be privatized for people who don't really understand. well today all of our money is created by banks in the form of loans virtually all of it the only money that is created by the government are coins which compose a very small percentage of the money supply the federal reserve itself issues dollar bills for it to between coins and dollar bills it's only three percent of the money supply and the federal reserve itself is not really a federal it's composed of twelve branches all of which are hundred percent owned by the private banks in their districts so what we have is a money supply issued as a debt by banks and they always require more to be paid back in the form of principal plus interest than the principle that they put out there so there's always this buyer allowing pyramid of debt and the only way to pay the interest is to take out more debt so that's why we live in this giant pyramid scheme that is
7:34 am
approaching and at the line the parasite is about to run out of its food source and of course private banking imposes artificial scarcity and i've been hearing a lot of this term quantitative easing l. and i'm hoping that you can break it down really quickly about what is q.e. and what effect does it have on the value of our currency. well most people think that quantitative easing is flooding the money supply with currency and devaluing it but that's not actually true it's merely an asset swap so what the federal reserve is doing is creating money on its books it's a basically an overdraft on its own account and then it uses that money to buy assets off the books of the banks so right now it has a program where it's generating eighty five billion dollars a month in quantitative easing so half of it's going to purchase government securities and the other half is going to purchase mortgage backed securities from the banks before the banks had those assets and now they have. dollars
7:35 am
in their reserve accounts so that the risk. that asset. that bank's books haven't changed they just been turned into dollars or liquefied so if you look at a chart the only way that this money is going to flood the money supply and devalue the currency is if people take out loans and that the presumption that if the reserves go up then. the banks can create more loans but they haven't and actually the reserves have nothing to do with the loans they create really so if you look at the chart the amount of lending that's going on right now is the same as in two thousand and eight it hasn't gone up and that means there's not more money in in the money supply so you might ask why is the fed doing this first it's to help the governments because it allows the government to borrow essentially interest free from their own central bank since since the federal reserve rebates interest to the
7:36 am
to the government and second supposedly it helps the long term interest rates so it helps homebuyers with their interest rates because now you have the federal reserve competing for ok if. you for explaining the convoluted to me and i'm glad to hear you explain it break it down little bit but let's talk about the really scary issue allan that you've been writing about post to cyprus bail in being implemented elsewhere big banking institutions pretty much planning or vying for this the ability to do this what other countries are looking to implement this and you recently wrote an article about the u.s. deposits that are supposed to be insured up to two hundred fifty thousand dollars but you outline that this isn't necessarily the case why do you think that will eventually see a loss of deposits right here in the u.s. to. well there are the g twenty has bought into this whole bail an idea. the big committee that was set up to regulate
7:37 am
banking that we that we all signed onto in two thousand and nine has issued these bail in. templates where all the all the countries are supposed to have these plans set up where in the event the unlikely event they say a major bank bust then the banks will recapitalize themselves by converting their deposit well there the way it's worth it is their creditors money into equity or stock but their creditors are the depositors the largest class of creditors of the banks is the depositors and we saw the first example of that there was a shot across the bow in cyprus where the the attempt was made to take the uninsured and the insured deposit or as money or to take a haircut or which levy or a portion of their deposits but the people protested and their legislators refused
7:38 am
to do it cyprus legislators and so what they wound up with was the uninsured depositors. had huge haircuts up to sixty percent of their money well that included the pension funds to everybody over one hundred thousand euros the pension funds it's ordinary people's savings and just ordinary businesses there in cyprus. that had to have a lot of liquidity to pay for their their payroll and so forth so so it's quite outrageous it was something we've never seen before but everybody thought well it was just a one off in cyprus but that's not true it's going on globally it's a pattern that they've set up and the reason it's a threat to us in the u.s. is because glass steagall was repealed in. one thousand nine hundred ninety two thousand we had that commodity futures whatever act that. allowed to banks
7:39 am
to merge their depository arms and their their investment wings so that means they can. now speculate with our deposits and that's what they are doing big the big banks which would be j.p. morgan and bank of america the two big derivatives banks and their obviously huge depository banks they both have more than a trillion dollars in deposits they're using our deposit to support their derivatives books which amount to seventy nine trillion in the case of j.p. morgan and seventy five trillion in the case of bank of america. and the catch is that the derivatives claims go first in bankruptcy so that means they will take all the collateral and they won't just won't be anything left for either the insured or the uninsured depositors would want to jump in here really quick because we're almost out of time but obviously you know you're pointing out that this is a system it's a global system and it's not an but one they're going to be another gigantic
7:40 am
financial collapse banking crisis that's going to draw worth the one that we saw last time and of course where the money going to come from is going to come from deposits just like we saw in cyprus ellen is there anything we can do to stop this i know that you're the president of the banking. public bank institute break down what that is and how we can break this monopolization of the bank instead of to start managing your own funds we have about a minute half left. well we do need a different system and we really can't fight while straight what we need to do is just leave wall street and set up our own banking system this would be there we have one model in the us that's a bank of north dakota owns its own state bank and north dakota was the only state that escaped the credit crisis but globally forty percent of. banks globally are publicly owned these are largely in the bric countries brazil russia india and china and they all escaped the credit crisis and they did it because they have these very secure publicly owned banking systems where the profits go back to the
7:41 am
public they are not allowed to gamble in derivatives and they are directed to use their. credit creating power to support local business and so they get their economies moving again. all right so there's there's multiple things people can do kind of just opting out of investing in wall street and there's other things like big coin which are really interesting but definitely the public banking idea is a really fascinating democratically run bank thank you so much for coming on sharing some insight on this really complex situation alan brown the web of debt attorney and president of public thank you institute for share time. right guys don't go anywhere after the break i'll speak with former guantanamo bay prosecutor colonel morris davis about the cruel practices happening at the tension facility in cuba stay tuned. we'll see british. expert on the.
7:42 am
market why not. why no one should really happening to the global economy with mike stronger or a no holds barred look at the global financial headlines. an end to kaiser report on our. choose your language. of choice because without the federal minister still cannot. choose to use the consensus he can. choose the opinions that immigrate to. choose the stories that impact the life choose me access to office.
7:43 am
more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada after. giant corporations are rooted a. black hole for our.
7:44 am
recently the heritage foundation a d.c. think tank released a report about immigration its findings cited the fiscal dangers associated with granting amnesty to the eleven plus million undocumented immigrants here in the u.s. what dangers of a fine you may ask well a quarter of the folks at heritage hispanics have lower i.q. than the average americans and this alone should be the deciding factor when rethinking immigration policy now as insulting as this is it's a view traditionally shared by american leaders started history racism still permeates through this country against immigrants that some people call a legal but do you know that the entire american southwest was mexico just one
7:45 am
hundred sixty seven years ago yep california new mexico nevada utah arizona texas all of these states were mexico and what better day to commemorate this irony of intolerance against mexican immigrants than to day may thirteenth on the anniversary of the us declaring war on mexico so how did it all go down well the answer to this question doesn't really jive well with our history books you see at the time american leaders believed in manifest destiny a philosophy that white americans settlers were granted by god to expand across the continent it was that same rationale for the indian removal act that pushed native americans west of the mississippi river and the only obstacle that stood in the way was the vast majority of this territory belong to mexico see it between eight hundred twenty one and eight hundred thirty five mexico was building up the territory of texas and opened its border to american immigrants but mexico's new constitution had outlawed slavery and all territories triggering
7:46 am
a revolt led by the new american settlers and mexican forces trying to crush the rebellion but the famous battle for the alamo it was used to galvanize us support against. mexico finally texas was annexed by the u.s. under james polk but tensions were still high at the time and war with mexico seemed imminent with his eyes on california sent a mission to mexico to try to purchase the territories of new mexico and california but mexico refused when they did sent troops to the disputed land between the two countries to provoke mexico into war and after a month long standoff mexican forces finally ambushed and killed eleven american soldiers giving paul the perfect pretext necessary to declare war. the mexican american war lasted one year and nine months until the trading day which resulted in the withdrawal of u.s. occupying troops from mexico city and mexican territory that was reduced by
7:47 am
a vast forty five percent this added by force the states we know today as california utah arizona and nevada and of course to develop these states into the new american empire i'm an immigrant labor and who better for the labor than mexicans yep between eight hundred fifty and eight hundred eighty the u.s. government brought in over fifty thousand migrant workers to work on developing land that only decades prior had belonged to mexico in fact at least fifty thousand immigrants came into the u.s. from the south following the mexican revolution every year and it wasn't until fairly recently that u.s. political leaders adopted the notion that more immigrants in this country means less jobs for american citizens as a result they and the anti immigrant rhetoric has been accompanied by a series of backwards policies case in point the mexican repatriation act of one nine hundred twenty nine where hundreds of thousands of hispanics were rounded
7:48 am
up into ported back to mexico majority of which have been born here in the u.s. and fast forward till today where obama's responsible for deporting more immigrants than any other presidential administration. yet congress has an opportunity to help correct one hundred sixty seven years of wrongdoing and no i'm not suggesting we give california pac but what we can do is provide basic rights and a path to citizenship for the nearly twelve million undocumented people living in the u.s. so the next time you hear someone complaining about having to press one for english maybe remind them about the history of where they're standing first. we'll get now has been making headlines after being largely ignored for years by the obama administration currently there are still one hundred sixty six people
7:49 am
being held in prison without charges if you're bush cost u.s. taxpayers eight hundred thousand dollars a year to detain and now over one hundred of those prisoners are on a hunger strike to protest their detention the indefinite imprisonment of these detainees stands in violation of international law and is a kin to psychological torture according to medical experts and now the detainees are using the only tool they have left their bodies to protest there and humane treatment. al-jazeera acquired a thirty page manual that details the standard operating procedures for military and medical personnel at one time obey when it comes to force feeding the prisoners it explains that detainees must be strapped to a chair and administered top goals that iks anesthetics apologize as they have a large feeding tube shoved down their nose all the way to their stomach once the feeding is finished their closely monitored in a cold dry cell for an hour to make sure they don't vomit and light of this new operating procedure the constitution project task force has just released
7:50 am
a new report just last week on the treatment of these detainees confirming the use of torture i get mount and explain why president obama needs to be more aggressive with congress when he claims that he wants the facility to. close or morris davis the former chief prosecutor guantanamo bay attended a briefing on this report at capitol hill just last week where he joins me now to break it down thank you so much for coming on and i was davis so you gathered over two hundred thousand signatures on your petition and now the constitution project task force report came out give us some details about what this report's findings entail pulls a bipartisan group made up you know the group that looked into the to the allegations and they concluded that guantanamo is unnecessary we don't need to be doing this it is accomplished no useful purpose of torture didn't work. so i think it's just been an indictment of what we've done over the past ten or eleven years and a clear sign that this administration as we talked about before the president that he lost the balls to do it in the first term hopefully a new pair descending this time and he will follow through and keep his word and
7:51 am
let's hope so and what was the hearing like on friday did any obama administration officials a tendon my understanding is they were invited they did not attend but representative moran from here in virginia has been a consistent supporter of doing the right thing and living up to american values and ending this charade that we put on down at guantanamo it was a full house it was very pleasing to see the turnout for it you had you know general irvine was retired military officers on the panel colonel larry wilkerson who was colin powell chief of staff at the state department during the bush administration. could receive from center for constitutional rights and hosted by a moderate about christine huskey for physicians for human rights all gave compelling reasons for why this makes sense and it needs to and i mean you mentioned the eight hundred thousand dollars a year we've got eighty six people there we don't want to keep seventy million dollars a year of the taxpayer's money down the drain to keep this facility open in men in
7:52 am
prison amazing yeah exactly just that alone and they've already been cleared for release let's go to let him go as you explain last time to i mean the yemeni government we're trusting them to carry out drone strikes abroad. not trying to take back all of these prisoners who've already been cleared for release and here i want to play a clip really quick from david ervine explain how former detainees describe their time and get let's hear him. say he killed a prison regimen that was characterized by inadequate in poor quality food lack of medical care the violence and in regular sexual humiliation intended to particularly degrade and humiliate muslims i mean when you hear something like this of what's going on there are what does the torture practice is a good momentum for america's safety when people are seen the way that these people are being treated well it's not purely from a military member standpoint your culture in the first gulf war the iraqi surrendered by the tens of thousands because they knew who we were and what we stood for i think if you look at the attitude today after abu ghraib and guantanamo
7:53 am
and waterboarding and drone strikes would people do that now would they trust the americans are the good guys that are going to do the right thing sort of having this reputation that general just described is not in the interest of the united states and particularly its military forces and you know last time you were on i asked you about you know is obama kind of opting to just kill people abroad instead of detaining them it simply go void bad press and merely weeks after that john bellinger the drone architect in the obama administration came out at a think tank where you're going to speech and said how obama is trying to avoid the bad press and that's why is as kind of this drone warfare i mean. what kind of commentary is that on our policy but also you had harold koh who is the state department's legal adviser for four years who was on the leading critics of president bush became a part of the administration and signed off on these procedures he's out of the administration now gave a talk last week in oxford where he said we got to close guantanamo so it's. like you know where were these people when they were in the administration and we've got
7:54 am
to stand up and do the right thing the president's got to close this and put an end to this chapter and before we get into how that can actually happen then take a closer look at the force feeding that's going on can you tell us any more details about about what's happening now. tain these documents from al-jazeera right now this has been going on for some time in the hunger strike now is by far the largest in the longest that has gone on but it's been going on there when i was cheap prosecutor in two thousand and five we had detainees who were hunger striking in the procedure they go through this is same type procedure that would take place in a hospital in the big difference is here you've got men that are conscious and capable of making their own medical decisions if you sing the u.n. and others have condemned this practice of force feeding imposing a medical procedure on someone who's got the ability to make their own medical decisions but described in the documents it's not a pleasant process when you're strapped into a chair in a tube shoved down your nose you know you're struck down for a couple hours put in a cell that in the european debt process over and over but you know the
7:55 am
administration is really between a rock and a hard place if you force the people or you sit there and let them die they need to take that third path and in this strike beginning to send people back home and once again people who tell me you know obama's hands are tied congress doesn't want to close get my i mean we know that he did want to close that you know we i mean we know that he said he wanted to close it even though he didn't we know that had the chance to where does it stand right now your petition two hundred thousand signatures but really we've seen so many petitions go to the administration with really no action what do we do to get this through and close the book there are some synergistic effect because there's not just the two hundred plus thousand people to sign my petition you've had senator dianne feinstein senator carl levin have both sent letters saying it's time to send these folks home you've had a number of other folks who have stood up and said you know it's time to put an end to guantanamo the president talked about it two weeks ago so it seems that so many momentum is building behind this effort so fully this time will be the last time we can probably close this white river obama yeah when he answered that guy's great question about are you are you surprised these people are basically killing
7:56 am
themselves and he said i want to reengage with congress i mean what is that exactly mean how can we force them to not only reengage but really stand by his word while the national defense authorization act has a provision where the secretary of defense concern. that they pay needs to be released don't pose a threat and is really setting up the administration that has a scent of a double if you send these people back somebody is going to do something stupid in the future but we can't reduce the risk to zero and we've got to live like americans i mean the bermuda took in some of the detainees we've never taken in the world at least be as brave as bermuda and so you know this notion that we can't really see by letters as zero risk is just not going to happen so they need to sign the certifications put these people on a plane and start sending them back home and let's end this hunger strike before somebody has to die to get the attention that it's going to take to force the president to make a decision thank you so much colonel morris davis former chief prosecutor guantanamo bay appreciate the petition and if you like what you see so far check us
7:57 am
out on hulu and hulu dot com slash breaking the set you can watch the latest episode of the show which featured my interview eric margolis everyone have a great night come back. to be broken. dangerous experiments on prisoners they want to make money and they have healthy guinea pigs in the regular society they're not able to use prisoners i mean more they wish they could. drug tests on human guinea pigs. to deadly pills. killed. he didn't pass away they let him get. his pharmacy really about helping people.
7:58 am
that's the. thing.
7:59 am
8:00 am
confusion there so if he didn't press up to reporters for the news servers find themselves targeted in a massive u.s. government spy web. diplomatic efforts to find common ground on the sea were a simple rule see israel's prime minister fly to russia to meet president bruton just days after israel's ass trikes near damascus put a trace cover it's only a short. while a video purporting to show a syrian rebel by seem to be hamas of a dead soldier has led human rights watch to condemn inhumane acts and revenge killings that. rhonda russian soyuz spacecraft brings a star box to earth returning canadian astronaut chris hadfield zero gravity videos .

27 Views

info Stream Only

Uploaded by TV Archive on