welcome to the kaiser report i'm max kaiser forget keynesianism or austrian school the only economic theory today is potemkin ism according to wikipedia the phrase potemkin village was originally used to describe a fake village built only to impress the phrases values typically in politics and economics to describe any construction literal or figurative built soley to deceive others into thinking that some situation is better than it really is potemkin his policies include quantitative easing interest rate cutting market appeasing boondoggle building help to buy schemes george. hello stacy thanks actually in honor of this theme for our episode i introduce a potemkin son because of course now in london there is no such thing as sunshine it's always gloom and doom very nice there are people watching the show this is what sun looks like it happens every fortnight you know every five or six months the pair in london. well of course everybody's talking about this potemkin village

in northern ireland built for the g. eight northern ireland is building a fake town with government money to make it look like austerity work the butcher's business has been replaced by a picture of a butcher's business across the road is a similar tale a spall business premises has been made to look like an office supply store so as you see as well from this image here this is the fake butcher shop it's not actually a thriving business it's a dilapidated rundown business and i think this is really you know a great image for our times because we've been saying on the show for a while that quantitative easing as i was saying at the top of the show it's a it's a policy where you're injecting on collateralized coupons federal reserve notes into the system to try to boost growth even though employment stone and every other measure of the economy is collapsing so it's this potemkin village type of idea of

make it to make it as as the phrase goes here you have it and it's it's a policy osis now where they're going this g eight meeting and the policies are so corrupt that they've taken it to a literal sense now where they're putting fake pictures of hanging sausages in butcher shops to make it look like the butcher shop hasn't gone out of business to somehow mollify the g eight attendees it reminds me during the world war two when they went to visit the did the death camps you know they would bring the school children out to play in the courtyard to make believe that oh all is great here in the nazi death camp but it's actually not going. very well at all here everything is going great according to the g eight however if you look at what's happening in turkey and greece and around europe there's social unrest there's burning cars burning buildings etc well they took three hundred thousand pounds from the dereliction fund to you know revive make it look like it's better than it is and these are b. to cover up the failure of austerity. on the people because of course the austerity

introduced by george osborne is that the the people down below should suffer and the quantitative easing is that the bankers should not suffer because they're also saying that this is also a potemkin like policies because according to city am today here in london money printing makes markets ignore reality this is according to the bank of international settlements the central bank's central bank there saying the stock markets around the world are booming despite shaky economic fundamentals i.e. villages that are decimated and need to be painted over to look like they're thriving when they're not but the markets are booming because of as they say quantitative easing and money printing print all the central banks around the central bank of central banks the bank of international settlements are sounding the alarm that this policy trying to create growth by injecting more money has reached the end game and policymakers are listening they're doubling down on

austerity or making victims out of the people that are the most in line to get destroyed by these policies that bought incidentally and concurrently are making the top one tenth of one percent richer than they've ever been in history the plutocrat class has never been rich or big for the same policies well you know for those nations were visiting northern ireland they had better hope that their leaders aren't inspired by all the thriving business that they see going on in northern ireland and mistakenly then go back home and say well austerity is doing so well in northern ireland it looks fantastic well this is classic appeasement you know they're appeasing the bankers that are encouraging these policies that make one group of people wealthier than ever while bankrupting the rest but the central banks themselves are sounding the alarm because they realize that. we're at the end

game and they're preparing for a global revolution the globalist direction against banker occupation is upon us now turkey joining in and other countries joining in we're we're ready for a global insurrection and i think you know as we've been calling for the few years now the global insurrection is now upon us well so the quantitative easing that they have used to cover up the failure of our saturday policies but also the failure to prosecute bankers and well more importantly the banks toure's the criminal bankers that have destroyed the global economy with fraudulent products so the quantitative easing is like the equivalent of those butchers the poster of a butcher shop plastered over a real butcher shop so what we have now are not real free markets we have a poster a plastered on poster of what looks like a free market in the booming stock market around the world whether it's the footsie the nikkei or the you know the u.s. stock exchange but even behind let's say the storefronts of butchers that are actual butchers when you cut down the sausages you find out that their horse me

they find out that the rat me find out that there's sawdust and rat meat and should there not even so the actual meat in the products or even removed from the actual products and when that doesn't work they put in just pictures of actual products and pretty soon they're just going to be implanting memories of photos of butcher shops that represent horsemeat that'll be the policies and all be financed by quantitative easing and of course it'll make a few people rich but everyone else will be dying well you mentioned the plutocrats and of course we all know that since the crisis the plutocrats have now recovered one hundred percent and more are more than one hundred percent of the economic recovery and you see that in the next headline as well u.s. households have recovered only forty five percent of wealth lost in recession balance sheets not yet fully rebounded report by federal reserve bank of st louis says so the federal reserve's flow of funds released in march two thousand and thirteen indicate that the aggregate household net worth. at the end of two

thousand and twelve was sixty six point one trillion dollars which is nearly the same as what it was prior to the crisis of sixty seven point four trillion but that does not as they point out account for inflation and also for population growth but this is not by accident this is a planned policy to steal wealth still wealth now the solution obviously that can solve this problem in five seconds triple the minimum wage and finance it through interest rates that are near zero percent and that would solve the problem around the world but that would mean that you dish restore balance to the economy and there would be equal risk and reward on the market and you'd have true price discovery but those things have been obliterated and taken out of the equation and now we just confiscation so and going along with this potemkin ism the authors of this report from the st louis fed point out that sixty two percent of the totally coverage between the first quarter of two thousand and nine and the

fourth quarter of two thousand and twelve was due to higher stock market wealth right which is owned by a very small percentage of the population because remember during this downturn from starting in two thousand and seven two thousand and eight the folks that were encouraged to buy homes through member george w. bush saying we want to be the ownership society mostly minorities in america they got their entire net worth eviscerated but nevertheless the mortgage bankers who sold those loans like. countrywide credit course they made tons and tons of money and then paid a stipend as a penalty which of course is the cost of doing business well but also importantly according to this article so that only forty five percent of their wealth has been recovered and all of this is due to the stock market recovery they're saying which is just an index of price and the potemkin price is up so it's just fake it's all quantitative easing and these algorithms all of the trade in the volumes themselves

. those are low we know this we've reported on this that you know multi-decadal low volumes it is not real sustainable recovery in that stock market which are saying is giving the illusion that they have recovered forty five percent of the wealth in fact if you look at this in a potemkin sort of policy if you remove the potemkin ism from the equation in fact probably they're still negative forty five percent are lynn is a prime example of the huge divide that we see here i mean who's more of an idiot than the irish people who are paying more than fifty percent in income tax and then being charged more than twenty five percent on consumption tax ok so area there are people saying we want those four thousand jobs here created by google and we want the financial rape of google in our country and we don't mind paying they don't pay they pay less than one percent in tax we pay fifty two percent tax on our income and twenty five percent value added tax that's right after it's all said and done

we're ferkin slaves for google but we don't care we live in a potemkin financial village where there's a picture of a sausage that we are the loafer while we're searching on google we're going to get a real sausage and it says. loser irish loser and by the way you know if you look back at that irish photo it's a poster of a butcher shop because they still butcher shops there the article about the potemkin ism in america where only forty five percent of their wealth has been recovered if you see this image it's this woman and supermarket and it's like in front of lines of potemkin food it's all processed packaged food that she's looking at their mother the butcher shop with jamie diamond in the window taking an irish bloke and hacking into your dark well i believe the head of google i'm the butcher of ireland i run go go on the what you're i like well i don't put your shop so there's fake didn't butcher shop these guys are so irresponsibly financially raping you in ireland and what do you do about it you go out. for shylocks or shamrocks or

whatever it is that you do up there leprechauns get a frickin life well speaking of butcher shops finally here we have the demolition of detroit as the solution that's another potemkin village idea we have to knock down the potemkin village to save the village detroit survival depends on speed of destruction william poll says the only way to truly save detroit and get the housing market functioning properly again as it is destroy large swathes of the city as quickly as possible so he's already knocked down ten blocks of south east side of detroit william polk by the way head of polt housing holmes the largest house builder in america so he's going around with his potemkin policies saying that the only way to recover the housing market which he himself. would benefit from he saying we have to wipe out these houses use government funds just like at

the opening they use government funds their funds from the detroit blight authority so he's going to knock down these buildings and then rebuild them. well then if people are building tunnels under to try to get into canada to avoid this guy reminds me of the vietnam war you know that the us lost that war because of this kind of moron ics thinking where there subsidized housing baron is using money from the government to destroy villages and towns to rebuild again with the us government subsidies how about this guy get a real job for a living put him to work doing something useful instead of just milking the government and bilking the government for his plutocratic lifestyle get a bill helicopters start bombing villages in vietnam and i'll give you a nice flashback of what this reality is all about well a local john george of the motor city blight busters he is about this policy to target ten to fifteen blocks at a time is genius property values and spirits one soul or it's hard to get people to

make an investment in a war zone for economy around. all right stacy ever thanks. thank you max ok stay tuned for the second half a lot more. well known talking about language as well but i will only react to situations i have read the reports but. no i will leave them to the state department to comment on your plan and. secure your car is on the job you know. you know more. when you made a direct question. for a change when you thought you'd be ready for a. pretty speech. down to pretty much.

today. these are the images the world. of canada. showing up for a shelter all day. welcome

back to the kaiser report imax keyser time now to turn to comedy writer and journalist charlie skelton who is writing for the guardian about the meeting of the secretive builder berger group charlie walker the kaiser report slated to be all right charlie now you were the first journalist to publish in a count of the work and the mainstream media outlet the guardian so what is it what

is the work and why should we care. well it's it's all sort of things it's a it's a sort of high finance corporate lobby group that every year holds a conference so there's a core of steering committee that stay constant already it becomes them and they invite the sort of favored friends some politicians other bank bosses corporate leaders to a three day conference where they. discuss what they need to discuss there was a call of the gathering a protest that of there's a there's like a bill there burg cottage industry where every year that there's a protest there's a lot of talk about it so what's the goal of a friend groups on the protests well i mean the i would say the fringe groups and process is a larger brother which is all of the press and media alternative media journalists activists interested people concerned people transparency activists pro-democracy

activists you know it's all it's all a great mug of people out there and i think this year i think there may be a couple of people bring temporary so you know i mean i read your piece in the guardian today and i think yes and you're saying kind of talking about some of the legal questions in terms of the builder berg what they're involved with the principles that the u.k. politicians who are involved and how there have some conflicts of interest and this is where the you focused your piece you didn't really touch on this global theme or this new world order theme so much is that because you don't believe in that new world order theme or because the readers perhaps recognize that is a code for conspiracy theory well i mean i think that it's just in the current climate easier to talk about lobbying and transparency you know what with what's going on currently and the kind of post patrick meisel world well there's

a lobbying conspiracy going on right now going to exactly so that's just literally her. days before days before the mess of conference with senior politicians spending three days in private with all these you know heads of h.s.b.c. goldman sachs nestle novartis eccentric cetera so i think it's i tried to focus my piece on on. trying to put these two things together the the lobbying scandal and the massive lobbying event that is build a big i mean when we talk of low being expected you kind of think oh that's people kind of going into the lobby of parliament and sort of saying can i speak to you. bill the biggest much more powerful than that so it kind of invites politicians into their lobby you know so right now i guess the big question i have is that if out the word is is. group of folks get together these movers and shakers like davus or these other kind of confound say that we have around the world and the agenda is hidden we don't know what the agenda is and the press for the most part is

uninvited we don't know what's going on and then you have scandals like live born and barclays or a just b. c. and they're my laundry these are not theories these are crimes so the question is why not focus the energy. going after the criminals in other words there are real criminals they've committed criminal acts you build a bridge group has a bunch of old guys that they have no agenda we don't know what they're doing well you know you start to introduce that old guys i mean these are you know douglas flint the head of his species there i mean it's the heads of you know. it's vice chairman of citi group it's the head does need i mean it's it's it it is the very senior members of democracy ages to go from barclays who had to resign over local he's on the steering committee of barclays and you know last year does his conference he was there as head of barclays chona buckley's but you know this year not so much so but yeah i mean yes the question why didn't i. but i go after the

criminals because that's you know i'm i'm not the quips to you know. you know professionally intellectually i mean this is a concern actually this was some people think that this is an effort that it's great for those people of the no power to congregate around a group and exercise their non power without any repercussions versus taking a real chance or are taking a real risk and putting themselves on the line in a real way and going after real criminals like barclays or h.s.b.c. but what i like a u.k. uncut for example there's a protest group that is more on the front line and they're affecting the real change because of u.k. and cut google amazon are adding to face the music on the tax reform in a real way as a result of these build build the bridge groups being again and again every single year is there any real outcome positive outcome well i mean you know he look if you

look at the way that the you know you talk about conspiracies you took at look at the way that build a bit has been discussed in the mainstream media that has that is changing you know there is you know a few years ago and still to a degree today but you know if you if you simply are interested in the fact that the media doesn't pay much attention to it the does a law a large and powerful conference at which politicians are there with you know in private with no zero press oversight with all these corporate leaders. if you talked about that before you were regarded as you know ten for hat wearing kook one however. just by process of pressure i think from you know you say there's been no result from the people out there but i think that there's been pressure applied to politicians and to the media particularly maybe not to the heads of h.s.b.c. and barclays but to the politicians in the media to at least. comport themselves in a more appropriate way as the big no being event such as this so i think i think if

you want to measure success i would say the fact that if you look at the comments on my piece in the guardian four years ago tinfoil hat tinfoil hat tinfoil hat now it's just like hang on what's going on here this is this is seems to be quite a serious thing what is being funded through a charity don't you know that it's questions being asked and the public the public discourse in the public consciousness is changing and i think that's a win well it cuts both ways because with the greater notoriety it's become a bit of a celebrity event for the participants and builder birchenough like the spotlight they like the fact that they're being portrayed as the bad boys out there and i think as i said it was traditionally just a bunch of old codgers who were doing nothing but now thanks to all the attention they've attracted a new younger group who like the fact that they're going against the rabble rousers that give them a purpose if vested to build a bridge with something that they previously didn't have which is that they they're there they that they might actually be on the front line of sight and that's absolutely ridiculous if you think that they give any toss about the people that are outside with the saying maybe

a bit more democracy please. nonsense they are getting on with whatever they would do to go to serious business they couldn't agenda that you know they go to conference to get three they don't care about that i mean they love the spotlight the attention they get to mention i mean if they if they love the attention perhaps it had a press conference but i mean you know you saying it's a bit of a celebrity thing you know to get young guns in you know the high tech crowd you know peter i mean do you think you'll get there yourself i mean you think one day you'll be knocking on the door build a burger they'll invite you up to the table well fear till i invite him on the show as you know he's invested in a company that i'm invested through in the big coin space so. you know that's something i would welcome peter thiel to come to the show but so far he hasn't come on the show i welcome to come on the show but the activism that would you would find in something like a big point for example would be seemingly a lot more powerful and a lot more disruptive than what's going on over there at wofford around the french

festival of builder berg but what if you look at what the front pages of the broadsheets talking about for the last two three days it's been lobbying it's been bringing the register of lobbyists it's talk it's trying to regulate in that particular corner of on. political world and you know if you want to start with a register of lobbyists in this country you could do worse than simply take the delegate list of build a book and just work down from that so what do you anticipate the reaction here in the u.k. will be from the press i see the telegraph and these other kind of it right wing outlets are already taking that predictable mocking tone to the events is is there going to be any think breakthrough two or something of a more mainstream will we see jeremy paxman talking about the build a bird meeting this year on newsnight would be no it's ok i don't see why not i mean it's it's certainly discussable by the mainstream now you know that you know at least that ball has been sort of punted into the into their world so you know

with some of the issues that are surrounding it some of the some of the way it's being funded the conflicts of interest particularly around kind of clock well that include george osborne that there are there are things that could be discussed and i think will be discussed this year by the mainstream media and as far as i know that there are plans for quite a few of these organizations to come down and covered in what fits so we know time will tell now of course i guess this year they're going to see henry kissinger and certainly an old guy every time i see him on the news and i always ask myself my god he's still around this guy but he. he was recently. exposed by luke koski who caught up with him with that we are change group and event new york with the fantastic spectacle glasses and caught him. the kissinger's it is he is well known in the u.k. as a war crime at all as he is in the us because in the us it's pretty well established

that he's a work on the like donald rumsfeld is a war criminal or tony blair is a he's got of the the us version of a tony blair is a level war criminal is he understood in this in europe and in the u.k. he's one certainly in spain he is because i think he's actually want to for questioning by spain for war crimes i mean the libyans have to arrest him like there was a rest all rumsfeld in france a couple of years ago i think there was and i think they were moved because he attended the conference in citrus in spain and in two thousand and ten i had to build a gruelling new struggle to live the legal force here in the u.k. to have henry his injury arrested so well why women who are students are just what the worst of police around watford why should they be co-opted are coerced into getting an arrest of a war criminal like henry kissinger should this be item number one on the deliberate french agenda you know when there's lots of people in bill because of. past. black was very big and build a big until he finally went astray i mean he was but you know will they try to i

don't know who you will be speaking at the french build a bridge event so when is it where is it what or what how can people get involved well the great pile of limousines and helicopters kind of roll up on the state. probably a few people will try and sneak in the back i don't know where the this year is going to be you know who knows. maybe cameron maybe boris johnson he might even turn up it's a big it's a big event for the u.k. politicians hasn't been here for the fifteen years but if you want to come down to head down to the grove hotel there's a press area which we've negotiated there with the with the conference venue not with the innocence but you know come down and see what's going on and it should you know if it doesn't rain. and what for the dozen it should be fun all right try skelton time thanks so much for being on the kaiser report thank you miles. all right that's going to do it for this edition of the kaiser report with me max geyser and stacy herbert are they my guests charlie skelton a journalist and writer if you'd like to send us an e-mail please do so at kaiser

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