which later balanced due to accounts being empty yeah the people who could ruin your life for one little financial folly seem to have no problem over drawing while they are living it up on taxpayer funded travel to keep things in perspective the i.r.s. is a huge organization so one thousand abusers is a minority but in the spirit of fairness i think these card abusers should be punished just as harshly as normal people who run afoul of the i.r.s. but that's just my opinion.

welcome to the as a report imax kaiser riots broke china after students were prevented from cheating on university entrance exams parents stormed the school shouting we want fairness there is no fairness if you do not let us cheat yes this is the taxation without representation of our day there is no fairness if you do not let us cheat let us rob grannies of their savings let us defraud municipalities across the world let us rig global interest rates let us masel interest rate swaps of small businesses and miscible organizations back securities and pension funds there is no fairness if you do not let us face it as mike this is part of the global insurrection against banks or occupation but while most in the west around the world are demanding that we punish the banks thirst for their crimes here they're saying let us commit crimes as well riot after chinese teachers try to stop

pupils cheating what should have been a hushed scene of eight hundred chinese students diligently setting their university entrance exams or up to to siege warfare after invigilators try to stop them from cheating now investigators of course is a british word and it means like just an exam are they watched so nobody cheats but this isn't a small city of sharing and who by province and basically these are entrance exams into the elite universities and if you don't get into an elite university then you don't become one of the elite so apparently this town they were all cheating they sent in people outsiders to make sure these kids did not cheat and they took away their phones all that contraptions that they were going to use they planned on cheating and when the parents picked their children up and learned that they had been stopped and prevented from. cheating they rioted the individual later i think i film with arnold schwarzenegger i know but this is obviously

a move to democratize cheating i mean i think it makes sense well according to the protesters cheating is endemic in china so being forced to sit they exams without help for their children was considered was putting their children at a disadvantage they said and i think you could see that around the world from the banks were allowed to cheat and because the banks are allowed to speak because they're allowed to borrow a zero percent for and cover up all their crimes. we have this growing wealth and income gap you need to this idea of democratizing cheating needs to be the new tax around which the global insurrection is banker occupation and formulate a response to the banks toure's and the banks to terrorism that instead of trying to reform the banks they should push to democratize cheating so people that are that are being cheated out of mortgage backed securities need to be able to borrow money at less than zero percent lend it back to the government and make of riskless

three percent carry that should be available to everybody everyone should be able to cheat as effectively as barclays and rb as and lloyds and all the other banks they need to be a need to democratize cheating that's what the rallying cry should go up around the world in brazil in china in new york democratize cheating because we in the west don't demand democratization of cheating let's look at some headlines as a consequence of what we have found in the west big lie america doesn't have number one richest middle class in the world we're ranked twenty seventh america is the richest country on earth we have the most millionaires the most billionaires and increasingly poor middle class so we're number twenty seven below kuwait and cyprus all of the euro. having a rich middle class the median wealth is up higher but what a few of the reasons given is that so many americans are imprisoned again you know

we don't get the luxury of having reckless misconduct for our crimes also they said that the absence of universal health care most of the other nations above us have universal health care and finally student debt and huge debts are incurred for mediocre universities because most people aren't able to get into the elite universities like harvard and yale which are the communist parties of america that's where you go if you're connected you make connections there you get a job people need to eat smarter you know the white collar elite is able to cheat strategically and end up as billionaires and everyone else needs to learn how to cheat more strategically so they can escape prison and of course in america slavery is legal this is ironic because under the obama administration he has overseen the reintroduction of slavery in america because in prisons in america now you can effectively gauge and slave labor so there's a huge round trip back to the plantation days in america well it is true because in

the us they now allow for prison labor which of course they're being paid like a dollar a day so i'm going around and up and thrown in prison without any crimes being really it's a trumped up legal system so it's back to the plantation days yeah so let's move on to also another consequence of this lack of democratization of cheating so the normal person is not allowed to cheat rising u.s. wealth doesn't generate spending surge we know there's allegedly a recovery the whole entire national wealth of the united states is allegedly back to two thousand and seven levels but there's been no corresponding increase in spending the wealth effect has not been distributed evenly and the reason that economists found was that the biggest gains in wealth are going to wealthy house. souls that tend to save a big chunk of their incomes and spend a smaller proportion on basics such as food and clothing these guys don't spend

much says economist edward wolff of new york university so most of it is spent in the stock market rising and eighty percent of shares are held by just ten percent of the u.s. population this is exactly what we've been talking about for a couple of years that the money printing that's gone on benefited a very small percentage of the population that a rising stock market is not equal to a recovery especially when all the transfer mechanism that would filter through to rising wages has been severed on purpose by the same people that are lobbying for higher infusions of capital bernanke these up to eighty five billion dollars a month now that money mostly just goes into the pockets of the kleptocracy so the fed is focusing on shares they're buying up shares of buying up equities to buy a mortgage backed securities which the wealthy own and they from the very beginning refused to help homeowners where the you know the middle class has to have most of their wealth and in their home that's it their mortgage is actually now house

prices have topped out again they're starting to crash bond market has peaked out now or into the bond apocalypse as we've been warning about for a couple of years so bond prices hit their three hundred year high in the u.k. and two hundred thirty eight year high in america and here's what the top one percent will do they'll put in a put on their bond holdings guaranteeing their maximum loss to be one or two percent everyone else will get obliterated yeah so they then looked at the numbers and it shows you how shocking actually the the wealth and income gap is in america because the disparity shows up in numbers wolf calculated he found that the average u.s. household net worth rose this year to five hundred twenty. average is skewed higher by the vast network of america's wealthiest like bill gates who's worth sixty seven billion dollars for instance according to forbes magazine but if they look at the median net worth of americans and that's what that chart comparing the middle classes around the world was looking at so median being that half of the

population earns less than that has more so we were the average is five hundred twenty two thousand and the median is sixty one thousand dollars so that is forty seven percent less than it was in two thousand and seven i think that's externally important to measure and if bill gates watched him do a chuck e. cheese the average net worth of everyone in that restaurant is half a billion dollars but what you're saying is that that number is misleading the average joe in america their net worth is crashing as well as every other. element that you would ascribe to determining whether or not a society is healthy or not the education standards are falling debt levels increasing infant mortality is on the rise america's competitiveness is not even in the top twenty anymore so here you have a country in collapse and they cite these statistics which put bill gates in a chuck e. cheese and they say well based on that example which of course has never happened

and never will happen things are looking great exactly so these people of america need to demand we need to see less she like bill gates does let us have monopolies like bill gates does let us have monopolies like all these other guys do who are in the top and get to siphon the cash zero percent from the fed here you know my average american is still down forty seven percent that's fifty thousand dollars that there are they've lost still down since two thousand and seven yet they need to change the language from the pursuit of happiness to the pursuit of cheating and whatever that is the declaration of independence or some of those founding documents that aren't worth the paper they're printed on anymore this is life liberty and the pursuit of cheating i think that jeff thomason. the person was the first who said that well you know you mention the bond pocalypse and the bank of international settlements which is the central bank central bank they've just come out with this report saying that just in america alone they're going to lose a trillion dollars should rates rise by three percentage points so that's another

part of the cheating thing is that of course bankers and the elites get to borrow it you know zero percent or one percent. now we're going to look at this payday lender here in the u.k. while increases its typical a.p.r. by one thousand six hundred percent payday lender wonga has received standard interest rate quotes on his website by more than one thousand six hundred percentage points to five thousand eight hundred fifty three percent jump down turn around. and around pick the ballot too long they got a plantation in the u.k. we're going to plantation well yeah in other words one goes that plantation right here in the u.k. people work for slave labor slave labor that might be good for the music industry you know music typically they're in slave days you had the birth of the blues and jazz and then rock n roll i mean that it got destroyed eventually by madonna and

disco but maybe bring back slavery and we might have all renaissance in the music business i mean the symbol it forward to so we have global insurrection against banker occupation in asia they're demanding equal equality in cheating they're buying up gold they're protecting themselves so in the west we're demanding that they the bankers be arrested by the elite that's never going to happen but there is an equivalence and i think this image was just sent to us as an eight foot tall max kaiser in vienna through the magic of post production we're going to go to a full screen of this image and this is what morgana co who says a postcard from doom well the show seen by roughly twenty million people every wake and those people are a major. cities all over the world and this is the second city major city that an eight foot tall or higher portrait of max geyser i want to see something like this in every major city in the world join the global insurrection against banker occupation and get an eight foot tall portrait of max geyser in your city as

quickly as possible stacey harbor thanks so much for being on the kaiser report thank you max stage and for the second half a whole lot more. i

would rather ask questions for people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on r.t. question more.

welcome back to the kaiser report imax guys are time now to turn to kaiser and for regular simon rows of save our savers. simon rose welcome back to the times you very much max now you have a cricket injury i understand yes i'm a very very bad cricketer on a very bad cricket team so we get injured more than people who actually play the game properly yes but isn't cricket just an excuse to drink. it is an excuse to drink and he says he's to have a really nice ts an excuse to go to lovely and was what it is and stand out in poor

and rain wondering why you're doing it it is right on my head ok that's what i thought art does talk about. king this is his last week in the job as governor of bank of england next week mark carney from canada takes over will the new regime be better or worse for savers and what about inflation. i think almost system the cone the going to be somebody who's going to to want. come up with more conservative easing accomplis is going to want to do nothing i mean when anybody comes to teach will the best thing always is to do nothing but of course everybody wants to prove the there's a good reason they've been paid moves amount of money and an immense relocation allowance so i'm afraid i think on the me there was a wonderful canadian news program recently about central banking about quantity of easing what effect is out on savers and con he was interviewed and he seems to have no sympathy walked so well for savers so i don't think that it was up to coney

we're going to have good time ahead but of course since the fed talk about tapering we all see in rates generally going up with or it's temporary or not don't get no. the interest rates have been inching higher not as a result of policy but as a result of people jumping out of the bond market because now there's panic in the bond market there's a pot bond market sell off people are saying this could be a new crisis bank of international settlements in basil switzerland says this could be a new there isis but it's really a continuation of the exact same crisis because after the lehman collapse the bankers came in and they introduced things like quantitative easing to keep interest rates low as a way to try to recapitalize the banks but a bank simply kept committing the same fraud that they've been committing all along we find out now for example audiotapes are later mangal irish bank that the executives are laughing about luring the government into giving bailing get bailout money to them to the tune of tens of billions same thing in the u.k.

the big four banks got bailed out nationalized they're laughing to the bank they're laughing at the citizens who are subsidizing this through their savings correct yeah you know we have five years of low interest rates for people like you and save all savers telling everybody if you keep interest rates low in the debt crisis we're going to get more debt we're not going to solve the problems and he's going to be a poorly so you give an indication that interest rates are going up which any sensible person overpaid in the financial markets should have understood was a possibility and they panic rotary so the average u.k. cricket playing. t. liking t. like her is getting her two ways their savings accounts are getting demolished and we've already covered the fact that for every pound that people might save on a mortgage or other interest rate sensitive product they're losing three in their savings account so the mathematics of that are horrible they're just gutting the industry and number two it's created more instability the debt levels in the u.k. since george osborne and folks introduced austerity have gone up this extraordinary

idea that somehow we're going to savage cuts on austerity in the u.k. but spending in real in real terms is going down very slightly but our deficit is staying at one hundred twenty billion pounds a year the total government debt is going up by fifty percent during the value of this parliament and that's with interest rates incredibly low if they do start going back well it's not going to be pretty but as you say so because of the money plundered and for some reasons favors the take it on the chin i mean they're not happy we get people grumbling all the time they are angry but they don't doing anything and yet if they'd be mugged by people in the street it would be considered a crime wave but the absolute outrage you know yeah we wondered twenty billion pounds has been taken from u.k. savers i'm given to essentially to the people who've borrowed imprudently why is there not rights because it suits the government it suits the bank because this is the people who go because you know mortgages the government in the media like to portray this is a victimless crime yes and that's why there's not outrage because they believe the

crime but we see the global insurrection against banker occupation in brazil million people in the street we see it all over europe see all of the world this is one of the the tip of the spear the burning edge of this pushback against what we see in the u.k. in the u.s. is happening but you know i want to ask you this i went over the weekend to an event here in london near it was. minister this was organized by the sea and the n.u.j. these are labor organizers organizers and they're all about. during some kind of some blend of representational devadasi and government and you know the left save the left essentially save save save britain the socialist model but you know that's a fact is that of save our savers can you say argue that why not save the right one and save capitalism because we're talking about here is not capitalism no it's crony obviously you guys are the capitalism of the word capitalism doesn't even

count when i can we can't get our event down to westminster and get four thousand people to show up to say save ark save capital and we'd love it if four thousand people showed up is that what's at stake but that's the point of think a lot of people think what we've got is capitalism what we've got is a failure of capitalism it's not we've got these banks that are too too big to fail too big to jail we now understand in the states will that just too big i mean i'm sorry that i hold to say i'm very biased so big they can lobby for whatever they want what politician is going to try to bring down the banks or reform them i mean what it's all right but you want me on our annoyed now got one and i mean i was the one thousand right i mean by your own people and we've got to move so what do you say save our savers you're saving what are you saving there is capital and capital is a base of capitalism you've saved us not i want to save capitalism with inflation which is recently picked up again in the u.k. we've now got to position ways almost important it is actually now impossible for a cash saver to preserve that capital at all what you're seeing is it being

a road at all the time and there's this impression given as you say that somehow it's because of some force that nobody can control that's not true at all it's because inflation is a man maze thing i mean you can control inflation if you want to control interest rates the problem is what they're doing all the time is suppressing free market capitalism this is a form of crony capitalism that everybody on whatever saw of the political spectrum they all should be objecting to it doesn't work they lowered interest rates and they believe somehow the economy will pick up we'll never going to return to the will we had ten years or so ago what is your. say the official rate of inflation is at the moment c.p.i. which is one they like is to not only nine percent. during the admits it's going to get to over three percent which means going to go higher who is the real right if you look at the very most people reckon it's about it's about double what it's all to tell i was looking at various substances in the show as well i think for sun well it's hard to tell but you know unlike the states where they have this

wonderful website called shadowstats where they calculate all the indices the way they work calculated for people who are taking with them well that's fantastic we don't have an equivalent in the u.k. a couple of people try setting things up and it looks as if addict only speaking if you look at the price because. people actually buy i mean potatoes going to forty percent in the last year ok i'll say let's say it's between five and six percent of the real rate of inflation was the rate of which wage growth in this country right now oh it's about what it's growing tools going to a less than one percent that's right yeah i mean people are you lot we hear all this wise yeah it's not just save us everybody's feeding poor yet but i think there's no reason why more of course are people to blame on the banking commissions recently looked into the banks one of the interesting things but they wanted personal responsibility they want to know who can we blame when things go wrong but that should be the same for politicians or same to central bankers but i know even flying a plane every osborne for all sport yes i mean i was george osborne and we like to kick him because he's like adorable yes and we're going to sleep

a little puppy yes and the resulting well yes we're ok after that gator deuce help to buy scheme oh yes to deal with the absence of a real economy here in the u.k. in the housing market now this this does help to buy skiing is just another ponzi scheme yeah absolutely. apparently according to our school street journal was introduced without consulting with the troll against the opposition of the treasury without consulting with the bank of england even moving can you that one wasn't a very good idea there isn't that socialism or how come he's not i want to see a stake save our social space because he's. providing welfare for homebuilders investors absolutely well what what was leading the charge was one of the problems i suppose is that the wealth of big bill is still growing enormously because too much is promised to people who aren't turning and that's always of course on the back of the people who aren't paying taxes well nothing to correct that problem and with an aging population that's going to become increasingly difficult eventually something will give how do you call it already the thing is also well it's not

a tory i would be familiar with most because most probably because of his would say that neither osborne nor cameron all conservative in the traditional say but what is this bush the mushy policies that they pursue where they it's not based on economic growth that's not a vision magellanic know that politicians you just want to get elected again in two years' time that's all it is the answer to that. but that well either they think they're not going to be around so it's going to be somebody else's problem all they somehow think people aren't going to notice the thing is always born geoffrey all george gideon is his real name was before he changed it is not an economist he's in the story and we're either need to think back very far to see what happens when you start supporting the mortgage market when you stop thinking that when the government takes a stake in the mortgage market it. is perfectly possible the economy will start growing and the chestnuts will be hauled out of the fire and i think be ok but i wouldn't want to bet on that i don't know anybody else who would want to go badly wrong just just to be clear the government is essentially guaranteeing the

mortgages up to twenty percent of the mortgage in a safe and a repeat of the fannie mae freddie back that in america which guarantee mortgage lender the subprime crisis and the crisis of two thousand and seven two thousand and eight as i understand it back to mark carney one i still understand why they want to support house prices i can understand wanting to encourage more people to own homes but we've already got the price of a typical suburban semi in london costing in real terms ten times the price it did in the one nine hundred thirty s. something is going very very badly wrong and why when we saw what the possible taters go up is that a bad thing but somehow it's great if your house price goes up you can export their house. it's not it's not a problem is generating wealth ok that's a good question because i think it speaks to the british character because here in britain people ascribe huge value to their home you know man's castles as home they everyone wants to be a frickin want to be a wrist a crack with their big plan you know their big downton abbey has done more damage to the psyche of this country than than even the sex pistols allegedly did back in

the seventy's that down the abbey is the most radically misinformed propaganda that one could ever imagine coming out of the psychosis of the whoever produced that shows the b.b.c. i would imagine so i t.v. i knew i was in the b.b.c. this time as i.t.v. but there's a mentality there that if you own a house a matter how badly you screw up the economy you know how much debt you go into remembering down at me that i was going bankrupt as i recall that led later and yes absolutely what do you do you push the muslim bust you say yes and this was also look that's what we might be because if this goes really badly wrong we could see social disorder i mean eventually something is going to give. right we're going to say we're going back to tenet farming in other words one which is a terrorist but a generous to this country operating a financial terrorist when they introduce interest rates of five thousand percent that's the same thing is that's the worst intent of farming people would love gladly rather be tenant farmers then they want a five thousand percent on a on

a long guess one of those moments to saying they want to build on field because they don't seem to understand that's where food comes from but most people don't have houses i'm not can be able to grow their own vegetables i'm not even going to protect them protect them if they do but the problem is only savers i'm certain groups of people understand just how mad this is all because the problem is people are paid so much money in the financial markets and in government and civil service either they don't understand or pretend they don't but somehow we feel it's also they're going to be put in a straight jacket not that right simon rose of saber sabers i gotta go we're out of time but while you're nursing your cricket injuries give us some thought all right thanks to you write about and that's all the time we have for this episode of the kaiser report with me max kaiser and stacey herbert i'd like to thank our guest simon rose of save our saviour's dot co dot u.k. if you'd like to tweet us kaiser report so next time.

they use the perfect material it's a lie you make just a small change and you get a totally different result. what a pretty top note you have. this is a little complicated. geometry we start by marking out the incision lines as a guide. it's very intricate work. my life has changed one hundred percent. of the field operating table here. just a very small table as long as i had a flashlight and a working battery and i had a good enough environment to work it. was among them along with some other terrorist later as. soon as if he's reminiscing about the past he's looking at you at the same time he's somewhere else.

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