meat you are what you eat. and i think this is an appropriate development in the mass produced chicken development world is to simply have chickens without any heads or chicken without any feet because this is what the consumer demands the consumer there they don't have the courage to decapitate themselves they have the courage to hang themselves they don't have the courage to top themselves so instead they're going to be decapitated headless feedlots chicken well in fact there is a such things as called prozac any antidepressants anti-anxiety drugs and people consume them a mass quantities which is target's the exact same area as well the cerebral cortex so you don't have any sort of sensory perception some people are in fact doing it regardless what you think it's a form of decapitation but i want to relate it to what the consumer is like today the drug addled consumer the decapitated consumer bangladesh factory collapse poll finds americans with little awareness outreach the deadly factory collapse in bangladesh more than two weeks ago has led to calls for retailers to change the way

they do business overseas but a new poll and interviews with shoppers at stores whose garments were manufactured at the ruined factory show that pressure for changes on likely to come from americans few of whom have heard much about the collapse a most of whom care more about prices than safe labor conditions right well like the cigarette companies you know they put the pictures of people's cancer ridden lungs on the packages to try to advertise to them what happens when they smoke cigarettes i think prime arc should have photos of people factory workers crushed at the factory dead their limbs akimbo with their arms and legs and skulls crushed so big that's the price for the cheap clothes at prime market and people should at least be aware of the connection that they're making not that it would stop anyone from shopping a primer because as we've been saying they're headless they're cerebral cortex has been disconnected with drugs and bad television shows and they're also feet loose because they're on these little dry circles mode. driven tri circles they know that

too fat to even you know be able to walk so they're just headless you know motor driven it's going down to wal-mart to participate in mass mass suicides or suicide cold doesn't well first of all they're on anti-anxiety as an antidepressant so they don't really have that much concern second of all it's not just prime arc it's every single clothing and shoe manufacturer in the world pretty much uses these sort of factories in these sort of conditions and it's either they say it's the consumer or the say it's just the consumer that doesn't want to pay the extra five six seven cents that it would require to build safety measures into these factories but it's also the investor the investor once it's highest profit margin it's possible to extract as much equity so they don't want to put any money into developing any safer conditions yeah it's not just prime are it's all the met it's pretty much across the board anyone who sources their clothes which is the vast majority from these low wage slave wage conditions and factory owners end up with

these conditions well apple computers exactly the same thing but on the manufacturing side and people jump out of apple computer buildings and they have mess around the factories to catch all the suicide people. export their suicide to the united states now they interviewed one woman on the streets of london here and she was a student again remember the students have huge amounts of debt so it becomes about personal survival how much you twenty five cents matters a lot to you better safety in bangladesh could raise closing prices by about twenty five percent it bothers me but a lot of retailers are getting their clothes from these places and i can't see how i can change anything twenty one year old university student elizabeth mcneil said clutching a brown paper bag from clothier prime mark the day after a building collapse and solve our bangladesh killed at least three hundred eighty one people they definitely need to improve but i'll still shop here it's so cheap of course the number went up to a thousand people who were found dead at this factory but again. you know everybody

here in the western world lives with huge amounts of debt and twenty five cents could mean the difference between being able to make their interest payment that month and not right why is twenty five cents so important because the wages have been stagnant and that has been increasing for decades now so consumers are forced to struggle to save twenty five cents even though the companies that are responsible for selling these garments and other products that are the result of slave labor and soft genocide the reason why they are engaged in that are the they're unable to be engaged in this using these artificially low interest rates so it all goes back to the banks of the central banks and their central and their policies that people like paul krugman supports of paul krugman by supporting the bank of england in the federal reserve banks ultra low interest rates is supporting wal-mart's ability to squeeze the economy to the point where factory workers have to die so that big fat obese american tribal diets get a deal on a t.

shirt so first of all let's look at this image of the girl being pulled from the factory rubble seventeen days later now will cut to the freedom tower the spire is put up there now the desk there almost the equivalent a thousand people died in bangladesh this is the question about two thousand and america you know three thousand died when the world trade center collapsed but here you have consumers who don't care. about these dead bangladeshis you had george bush stand on the pile of rubble at the bottom of the tower saying go shopping go cause of these deaths there in bangladesh essentially and americans ten twelve years later are still demanding people pay for those people that died trillions and trillions and trillions and trillions of dollars have been spent because the world trade centers came down but the number of civilian deaths is about the same because of the world trade towers about two thousand financial mercenaries you know that's their job their mercenaries but about a thousand civilians in the world trade towers and you have

a thousand civilians here working getting collapsed by the factory and the outrage is incredible in new york because new york's a media town and it was great theater but it meant very little factory here in bangladesh is not a media town it's a true tragedy but it doesn't get the coverage well let's move on to the next final stories here because i'm talking about the fact that consumers are you know drug addled they don't know what they're doing they're just screeching and buy whatever comes their way and it's all very simple brainless chicken sort of stuff j.p. morgan caught in swirl of regulatory woes now of course you know j.p. morgan is being investigated by a regulatory agencies for various things including helping bernie made off launder money aggressive collection techniques and credit cards in california rigging california's energy markets and in the articles about this it notes that this is coming at a tough time because they're raking in record profits and the quote reads as long

as you're making money investors don't care said paul miller managing director f.b.i. are capital markets again the investors with their four zero one k.'s that are declined forty fifty percent as long as this you know they'll allow. you call it financial terrorism it's just crime it's just like al capone shaking down neighborhoods they allow if they get twenty five cents which goes towards their prime mark or wal-mart or armani or ralph lauren clothing also this idea of their rig making record amounts of profits according to who well according to their accountants there are four or what four bigger towns left in the world the other ones have already been shut down due to fraud like arthur andersen and enron and this is also a problem and said is that all of these policies are working because the corporate profits are up according to the accountants every single one of the four biggest accounts are involved in a major scandal just like the major banks are involved in major scandal the fund managers and people like warren buffett and others involved in insider trading and

market manipulation so you can't really say that look at the profit the p. e. ratio if you look at the either earnings of the p. e. ratio it's pulled out of that from a major account that is involved in a major scandal so again that the consumer the population's complicity in these the top will always do this always scam adam smith said this but we act like innocent people down below in the factory farm here's the neat two thousand and eight two thousand and thirteen they're celebrating auburn omics as you see huge boom in the stock market let's cut to this tweet from dominic frisby and it shows you the u.s. federal reserve gold holdings to u.s. public debt the gold line there is the federal reserve gold's holdings of gold that's four hundred thirty eight point zero six billion dollars worth and the red is the public debt as you see much huge are sixteen thousand three hundred thirty six point four six billion dollars worth of debt for that the population does not want to hear about it they don't care all they care is that the price on the nikkei

the price in the dow the price on the footsie that they keep on going up they don't care what's behind it they don't care how much how tortured the chicken was before they eat it they don't care how tortured the markets are before they consume it. i don't care how far the yanis fallen during this period of time in real terms i game has been cut in half for one thing and against gold and silver there is no gain and against bitcoin they're all getting slaughtered and well actually also that further to that comparing these chickens to the markets is that you know when you grow these chicken so fast and. the way you do it is to remove any nutrients from it the same with the financial system they're throwing more and more money from the bank of japan or the bank of england or the u.s. federal reserve and it's having less and less nutrients there's less and less wealth created from it for the very reason that there's so much more debt than there is gold real nutrients to the economy the nutrients in this case to be wages

so they're throwing money at it they're cooking it there it's like a plastic chicken but it's not it's not generating any nutrients which in this case should be wages are wage growth there is no wage growth there's wages to ration so as wages deteriorate just like nutrients deteriorate in the food the people become these have the split the chicken consuming nightmares which we like to talk about on this show so thank you very much it is all right if they say every thanks much being on the kaiser report thank you max stay till the second half. he told language. programs he told him in trees in arabic it's cool here on. the world of your pee into the tree. are you. going to visit arabic don't call.

blood. let's be. playing. i wish. him luck playing good. players. and i'm a. lot i'm

a little. me he. he. says.

welcome back to the kaiser report imax keyser time editor to mark kappa nellie and luke some sums of carbon tracker dot org this is the report you've got to read and you can find it at carbon tracker dot org welcome back to the show mark. and luke all right so this is a report your latest report is called an burnable carbon twenty thirteen waste of capital and stranded assets tell us about it or not show well the report is if you took the world's top two hundred publicly traded of coal oil and gas look at the reserve and if you were the boom of the reserves or in the market how many degrees warming does it take you to and it takes where you beyond the two degree similar to the government signed up to take the close to someone i fought for the. middle if you want to keep to two degrees and not everyone agrees but if you do and we

haven't seen two degrees for a problem in the news then you have to write off eighty percent of the reserves of these public companies ok so first of all let's put this in the context so you come from let's say the point of view of a bill mckibben for example over there three fifty dot org you look at the global warming picture you're saying certain degrees violate these degrees and global warming and you have economic and ecological catastrophe so how do you avoid getting past those two degrees i just saw a report that what was it that we now have reached a new level we haven't seen in millions of years and i want to post them in florida parts per million which is so three fifty dot org is the level at which is safe and sustainable is a four hundred obviously is more than three fifty shroom so so you look at all these companies are probably traded companies with energy reserves in the ground that are on track to extract them and burn them and you're saying that if they do that of course you do a great ation in terms of what percentage of those if burned how. much closer do

humans get to extinction right this is an extinction model this is crazy stuff but at the same time we have to understand that the money hasn't been spent yet that's what we're talking about ways to capital so the big the big coal a big gas company is going to spend we reckon about seventy six to seven trillion dollars over the next and the next ten years and developing even more coal oil and we think this is crazy but it was interesting about this report and then we showed that there were forceful reserves these are reserves that are ready to be that are sitting there economically viable they're ready to burn we looked at something also called for some few resources those are the ones which they're spending the six hundred seventy four billion every year to develop a make my own line and burn this well this is my this is madness that makes it ten times but you know this man this budget mark i mean i'm not a for many years that we've been talking about this for years and the problem is getting worse every single year because you have this huge public relations

machinery particularly united states funded by people like the koch brothers who i would characterize as environmental terrorists or environmental extremists and they put in billions of dollars to put out the false information the same thing that they did cigarette smoking you know for years they say pick cigarette smoking was good for your health and so just so many people died from it that they had to walk back from that but the same people the same p.r. groups who are surrounded by consultants share the mayor's office their job and many of these people if you just put out the misinformation that global warming is is not happening how do you going to fight that aspect well you stick with the science the stick with the money that they don't believe in science they think the earth was created five thousand years ago their hands intelligence three morons sure they're just chickenshit out is just going through all their stupid how do you deal with the fact that most people you can america are dumb it's ours well ok not to disagree with that kind of overview of it but let's let's let's strip this write down what this is about a deal to do with capital and the fossil fuel industry. this is what the deal is

the deals between the major investment banks exchanges and the investors have done until you were big call them big or we said so long as you keep giving us the cash back each year with we're going to keep investing it back in you to develop new oil new call now that a deal is dependent on one thing is depend on a consensus between the the banks and society between us as individuals or pension funds and so on and now that's a crucial thing that consensus is going to get broken and that consensus is being broken now but people have been mckibbin with this divestment campaign work that we're doing to try to highlight the risks to owners of these companies that are heading off in the wrong direction this is why h.s.b.c. suppose betting that all of us may just a just be state i'm just going for a second ok there's sixty thousand mexicans that had their head chopped off shore and also the war on drugs funded funded by just b.c. caught laundering billions of pounds of traction drug cartel money they were they

might as well been there what the what the machete chopping the heads up mexicans they had a h.s.b.c. whatever is now running a secret like job and other just kept telling the mexicans so you're saying that what they put out a report saying that they're going to be responsible and so my answer is species that oil analysts said companies have got to stop putting new money into developing these was coal resources and more resources and they got to pay the cash back ok they said you've got to you've got a contract to grow what he was doing was calling the end of the end of the fossil fuel this is what all of us interested in the science they want to see is this is two degrees we don't go above and we've got a poll by the capitol to stop these new resources being developed and this is why i've got some hope because it comes down to a very small number of people now there was a risk in the capital markets credit but the bubble the mortgage bubble when that exploded everything went down and what we're saying to people the same risks here.

again in the fossil fuel industry and if your job as a regulator of the banking system we know where they will they will sit in an office over the in the same kind of folks in new york they can sit down and go what do we need to do to warn this potential bubble and stop all this resistance the fine is going to vote unusual since which ultimately we believe is going to get struck here is a country energy constrained japan they were almost one hundred percent of their oil yeah their economy had a stall speed so what are they going to do are they going to live within their means are they going to evolve that change of business model of the printing money wanting to be the number five number six number seven they're trying to crash the end to make it cheaper to explore cash look at the global macroeconomic situation america and the u.k. want energy america burns twenty five percent of the global energy out there they t. up their client state israel to go attack iran go attack syria to cause war and israel does whatever america does go start a war to get them away so how do you test that's it there's

a theology there there's a psychosis there israel america britain they're the axis of we are those they go out there and they attack countries they steer their oil for a multi hundred billion dollar contract so you're saying bill mckibben at three fifty dot org because of any government every now and then whenever there's a climate change conference and says oh my god we're going to all die that's going to have an effect against the industrial military carbon burning complex mark i mean i understand you're being environmentally nominal i'm wearing words words the words the this is this is that we have to work out where the pinch points or where the where the key gatekeepers and the focus and we're going to stop move coal and so we're calling for a moratorium on new financing of big big coal developments and we're calling for a review of the assets of the pension funds already you know if you write down eighty percent of the reserves on these companies with the same and. citi group is that the sign these companies the north with the same tomorrow as they off the day if you want to two degrees will go there so i was saying i saw that was effective really got the banks begins to show i was an anti-apartheid campaign sure and the.

yeah involving barclays bank you know where they boycott of our place bank and they put an end to apartheid in south africa and that's what ended that apartheid regime because they divesting of the barclays bank assets and from pension accounts cause a sea change shift so how do you get had nelson mandela was in prison somebody could understand this guy he was an old grandpa people like wow this guy needs to get out of prison and all the fricken little england little british people out there who weren't all their blue hair their marmite encrusted whatever the morning was sympathetic who do you have on your side is going to get the people off their duffs and actively interested in saving the globe citizens can do things individually but the people we really need to move is the onus of capital if you want to change capitalism first thing you got to do is take control of the capital and citizens of the as a couple this is well a consensus but it's money printing no we're going to look at this. to see if you

said you were the detail that i'm going to say i'm not sure guy so i just well give luke some some oxygen here just to be fair so what is your involved in the project on the detail side just fill us in what you do with one of the research and bring a lot of the numbers together on the person who brings together these totals the full sphere reserves in the fossil fuel resources compare it to the call them budget i mean i think a lot of what you guys i'm talking about warrants two significant is the economic case for renewable energy renewable energy the price of it is coming down rapidly in australia i think they've found that the price of wind and solar is haul for the price of new build coal and gas now i think what we base our report on is rational economic decision making and i think with states like dunn the price of renewable energy constantly coming down and becoming stronger as an investment opportunity i think you could have factor that into these decisions and it plays in our part to try and divest capsule away from fossil fuel and start how did you get into this coming from the banking side from what i came in from the climate change so it ok

then and then this was just a new normal. with which to tackle deployment you're facing the economics of sustainable development stand later development agreed wholly nomics that's the green economy and so who do you have support now in the global banking world that's come in and is really just one of the booths where they don't really come out with a report maybe weeks ago now so i mean the if you want to two degrees world the credit rating of the canadian tar sands companies is going to drop a few notches are you that that gets more expensive as everyone the bank that it's more expensive the bank has a resume in the cold world resources and reserves who can develop their case was going to succeed and of course it's going to come out and they're going to downgrade the big debt and these oil extractors tar sands up in canada and their cost of funds goes up you know the whole business becomes unsustainable they can't build pipelines through america x.y.z. or x l or x y whatever that pipeline is that they're building keystone it's not economically feasible anymore so how can people pressure as and create to pressure

the tar sands not what so you sincerely think you out there can they pressure us if you remember if you have a moral us so if a member of a pension fund and you own is your biggest investments call on will you have to believe that all of bought coal is going to get developed but the value five company to sustain its share price today if you don't believe it will get the vote because we want to keep to this two degrees world then there's something wrong with the valuations i saw you saying that the devaluation is based on exploitation of all call but if they exploit all the call that degrees are will rise significantly to that the global economy will such a frankly collapse well they will never develop all that call so these companies a way of i'll give an example of a company that's overvalued well we've seen a couple of the big u.s. coal companies drop the stock price but seventy percent last year there was a that. arch cocoa was a symbol. of stock exchange yeah america the america gave downs eleven percent so it's all the others are huge and some big changes happening that story

came out with a report last week so that the fundamental economics info move coal which is what we're used to power is changing as demand is changing china has said that it's going to max it's going to reach a peak of coal use and there's going to head down into renewable energy trajectory so all the assumptions that these strains have about exporting call to china all the indonesians are going to be wrong ok so you want to name him a company that's i exposed in this way the maximum exposure there is in this where you are the most exposed record is very poor you guys we have a lot of time and energy where is the major for you i mean ok well. this is what but if i can read but i know this trade that this group and i you you brought up tonight look give me the name of the company what you can call it in australia since the research came out citibank's research came out and said that those companies are the people on diversified and therefore less resilient to the risk of

unbundle call them almost exposed to it and they came out and persuasively said why haven coal are at severe risk as a result of this so you did so well there's no saying it's ok to kill jobs and you say we create millions of jobs in the are unable of a job absolutely got to not only straight no that's what we were going to do mike says i'm thinking how do we in this bubble without creating huge distrust of members of pension schemes or to the markets am i willing to get it out there at a time when having back allison thanks so much for being on the kaiser for and just meant thank so much being on the geyser thanks once that's all the time we have for this edition of the kaiser report with me max kaiser and stacey herbert our thank my guests mark campanella and luke saw sums if you like to send us an email please do so ok. reported r t t v dot ru. by all.

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news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. the giant corporations are today. live. live. live

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coming up on our t.v. it was revealed that the u.s. justice department was collecting associated press phone calls for months now the press will weigh in on president obama and the obama administration's explanation for how this could happen more in the fallout coming up. and stories in moscow detained a member of the u.s. embassy under suspicion of him being. cia agent there are even calls for the suspected for the suspects expulsion from the country will have the latest on the case just ahead. her room will soon learn how the seventeenth round of negotiations on the trans-pacific partnership how will these talks turn out for trade relations and what's being hidden from the public we'll find out later in the show.