market why not. find out what's really happening to the global economy with max cause or for a no holds barred look at the global financial headlines tune in to kaiser report. me it's easy to. see.

one of your bushel the chickens come home to roost for america's global that cloister coming up washington makes the states take wall street's kiss of death. president assassinated. how nations fall in the tequila trap. one cup to list russia turn to washington for help the white house met to destroy the worst possible advice. we have to smash them into the ground we want to feed them bad economic advice so they will fall apart shock therapy they decided the worst was ready to go in the wall street mess the destruction of the nation's industry over lloyd's pensions and savings wiped out the i missed of all

speculators elected in wall street judy stolz joint raids go thing the stock market and still colors the congress was informed it worked like a dream. the i.m.f. has a presided over a catastrophe worse than our own great depression russia opened itself to dependence on money it had been creating itself before the wolf got in the door in i.m.f. shock therapy the worst hyperinflation in history hit you go slow via when the i.m.f. demanded by encrypting a thousand companies destroying social programs and forcing regions to literally for a full survival violent protests known as royals or even factored into the all star it's the package alterable can specialist in the bush or mileage thanks a lot for joining us all countries literally destroyed by wall street and i mean if it was definitely an assisted suicide i maintain it's a suicide some people are more inclined to say it was murder but. definitely just

from the outside which is which we're seeing with the i.m.f. and the world bank and all these. international financial advisors and experts is that because they're not really interested in the country itself surviving or being tenable all in all their interest is in extracting as much well thought of it as possible this is how they do it one of my jobs as an economic hitman was to identify countries with resources like oil and arrange huge loans to benefit a few very wealthy families the people would be left holding this huge debt they couldn't repay the i.m.f. comes in we'll help you restructure your loan but you have to sell your companies resource. most of the world's nations have been caught in the form of mexico's triple stripping loan is this a killer trap promises of more investment first the flood gates were open to wall street speculators in just twenty days goldman sachs and co suddenly and mysteriously disappeared over full billion dollars from the country the previously

strong. cherrypick on the cheap where makes the co run out of money to pay back wall street did goldman chief squid robot ruben stepped in he moved to u.s. treasury second the same day so in a massive bailout for u.s. taxpayers of mexico but the money went straight to the u.s. banks triple stripping to kill a trip mission accomplished well mexico's nursed a recession hung over for over a decade wall street literally cracks open the bubbly. there was a big party at morgan stanley after the peso devaluation people from all over wall street county they drank champagne and smoked cigars and congratulated themselves these people are pirates international pirates talk makes going to call them as they can their own figures to share washington's globalization campaign is a sham this short growth shows any gains from international trade. internal

commerce within a country leaving no games just huge disruption to communities the author of that report joins us talk to call this thing us what did you find. i found that in fact international trade benefited only a tiny group of the super rich globalization's been great for them not for the world the rest of us pay twice first for more imports then high interest on the loans to for them. the federal reserve is not actually federal it's a private corporation owned by a consortium of wall street banks they pay the feds economists like ben bernanke you to come up with the hold watch that gets people to troy the tequila trip but i think you claim to globalization opening up to international space kill it as boosts the nation's g.d.p. an impressive ten percent then someone actually looked at these figures the benefits are actually just north point one percent and that's only off the eight years of oil deal trade conditions that exist just in theory such as the total

absence of corruption. one of the most widely cited factoids in defense of free trade is rubbish financial globalization has not generated increased investment or higher growth the countries that have grown most rapidly rely least on capital inflows rapid growth countries like ecuador get vicious pressure from washington for steering clear of wall street programs like usa just screw ups i'm president and it's confessions of an economic hit man former i.m.f. exact john perkins' writes when the phone fails to get its way the cia sanctions the murder of the country's leader it's accompanied by outright lies from corporate media so the public never finds out brown's consider one of the most outstanding thinkers in economics her book web of bit more streets global fraud a poet thanks so much for coming on what really happens in countries that avoid wall street. it's been a brilliant success and. even when they try to say negative things about it there's

just not much you can criticize what they've done for example they actually have nationalized the oil and they're using that those oil revenues stay used to bank back their central bank so they're actually backing development with their own oil company i mean imagine if they would allow the u.s. government to actually go into business if different starts to government might actually have some money and they tell the argentinians that it would be a disaster where they twelve. ecuadorians it and that. in iceland they tried to scare them into going with the program and they they defied they defy the big banks and it worked out much better for them than for the countries that are gonna lie i mean let's increase it doesn't help them at all to go to the greek tragedies coming to america wall street gave more than anyone else to a blow most reelection campaign he's no great to bring all certainty to the u.s.

. requests you going to have to undoubtedly do something to lower people's expectations the entitlements and what people think that they're going to get because it's not going to they're not going to get it social security medicare motive some things and you know you could go back and you can look at the history of these things and social security wasn't devised to be a system that supported you you know the retirement age has to be changed maybe some of the benefits have to be factored in title means have to be slowed down and contained neo liberalism isn't even in the interests of america millions of us are being shipped abroad follow from two thousand each it's a choice a load in the name of globalization also for mobile street bank if smith thanks very much for coming on those what they're doing make. their entire industries the united states has ceded the one of the big examples being furniture. there was no compelling economic reason to have furniture made in china you know why. would this here the wood is a significant material cost shipping it to and from is

a considerable expense it's you know the labor here is is is more than adequate to two you know it's not as if the labor costs such a big component that it made sense to ship it overseas what's really going on is that you've got to transfer from lower level factory workers to middle management and senior workers because even when you offshore and you do safe labor the factory labor costs introduce a lot more coordination costs right you need more managers to handle all the coronation of having offshore at this and those managers are more expensive so a lot of the cost savings are offset by the fact that middle and senior managers make more money this is this is this is classic class warfare close wolf and there's no real pros going to chose this stiglitz you know it's america is no longer the opportunity for will's three regulates of things to look for joining us even developing countries now well for more chills this of postals that the u.s.

would presumably people can only believe what mainstream media told the president could for example in ecuador who actually has a ph d. economist as it had a remarkable success and is treated in both the united kingdom and the us media as if he's a crazy person we're talking about the new york times as well this is not the hardest right paper but it shows that even the supposedly liberal organs in the united states on the east sort of cold war classical issues they tend to be badly infected by bad economics near where will this will end well it will in. catastrophic economic scale year and deceit of democracy but it won't that won't necessarily be where it stops as i said let. and it's got set up

being used as a test bed for austerity and you can see from the elected dash and leaders there that they elected leader after leader who came to power on the express basis for me i will stop the washington consensus from being inflicted on the nation the looting of america has been among the easiest the uniquely passive population stood by and watched the homes savings red handed in it worked crackdown coordinated between f.b.i. d.h.s.s. the police regional fusion since fifty may is private stick to most stories and the banks themselves against the old coupon movement kind of missiles to scold people hold they bleed and lift till they so old with themselves in the interests of the banks against the voles majority so just in the us for it but wall street will be one of the holidays this is the truth.

they're ready to come here to work and not get paid for it. people from all over the world are eager to help sabotage what does it take to become a volunteer at russia's premium museum why did the son of the movers director come here. i'm one of the cats do. behind the scenes of the how much of a nutty. modern russia was built on coal. fields for its factories. coke for its

steel. cold as it was and heat for its people. as join me james brown to meet the men who spend their lives under ground and work in one of the world's most dangerous professions. from. the woodlands you. hearts of coal on altie. to speak your language. programs and documentaries in arabic in school here on. reporting from the world's hot spots fifty yard p. interviews intriguing stories for you to. see in trying. to find out because it.

goes. good speech. by no means a really. wealthy

british style. why not. happening to the global economy is. good leverage. to build a new. found anything mission to teach music. and. this is why you should care

only. the investigation into the murder of former russian security officer and. the classified treatments with evidence linking. to secret. europe can get by without britain. accusing its leaders of splintering the e.u. from within. the gay rights parade in the georgian capital tbilisi attacking the activists who needed help to escape the area. russia's mediation efforts in syria the un faces obstacles from. rebel forces that.