wall street to conduct economic espionage in the wake of nine eleven it gets back to you have to define terrorism in america the definition of terrorism is if you kill a bank or anybody else gets killed it's a crime but if you kill a banker that's terrorism trust me it's not eleven came and it was just citizens and no bankers it would not be the event that we know today is the great tragedy the fact that bankers went down it's terrorism oh my god preggers done well but we do know we survived it thank you oh no that's terrorism conduct economic espionage rather well that's part of every single transaction everywhere in the world to make sure our bankers make the most illicit gains possible right thanks to the say this is not just post nine eleven the evidence suggests that they've been collecting data on all sorts of economic activity for decades and many decades they've been collecting this data so the cover story is nine eleven and that it's only been happening for the last twelve years but he says that despite the fact that they

were collecting evidence before nine eleven he said that this evidence the data they're collecting should give them evidence about the international financial crisis about to emerge so they have that evidence of a financial crisis about to emerge presumably they must have known that lehman brothers was going to blow that goldman sachs was on the verge of blowing that the entire financial system was on the verge of blowing what did they do probably just engage in insider trading because they certainly didn't warn the american public that's right goldman sachs and all the banks on wall street profited knowing that there was a collapse coming in two thousand and two thousand and one we know that from lehman brothers see n.b.c. famously was sold the line that lehman was about to go bust sold to them by j.p. morgan it was shortly my brother it was not actually going to go bust but when the news got out that it was going to go bust you had a huge short selling attack on lehman and it went bust same thing with greece goldman knew was going to go bust the engineer of the collapse they profited from the collapse of the subprime market same thing with the u.s. economy same thing on the european sample the asian economy same thing on the mexican economy. insiders closing the event probing from the event and then

claiming the markets didn't we don't know what markets do yes of course you do this proves that what you're saying is the absolute pitiful proof they got financial terrorists who trained him so much earth information not just a little over that they knew what's happening and profited from but it also you know america is now being a little bit more comfortable with embedding that it is a empire so one thing that empires don't like to do is lose their position as the world dominant power the u.k. didn't like it when they ended their dominance of the world in the early one nine hundred and the u.s. doesn't like it now and they you know james clapper is admitting here that we're looking at other countries economic policy and behavior which could affect global markets are you which could affect and impact their global dominance so this is something new in global history is that you know empires ball as they get old and you know lack innovation and a new guy comes along and takes over here where it's like we're going to be stuck

in some this is it this is this far is innovation could ever take us because nobody else is allowed to compete with them all they're interested in now is making sure nobody can compete with them but won't other empires of collapse they've left behind artifacts any gyptian the romans here in america are leaving behind a pile of worthless dollars and garbage and prozac and the water that's the legacy of the american empire and a twenty four hour news channel playing old ronald reagan speeches that all these things be left between that land mass squeeze between mexico and canada will be a pile of garbage so here comes the official denial from james clapper the director of national intelligence who says what we do not do as we have said many times is use our foreign intelligence capabilities to steal the trade secrets of foreign companies on behalf of or give intelligence we collect to u.s. companies to enhance their international competitiveness or increase the bottom.

line no no no no no they don't do that they say and the fact is intelligence community's efforts to understand economic systems and policies and monitor anomalous economic activities is critical to providing policymakers with the information they need to make informed decisions that are in the best interest of our national security everyone try this experiment bullet point out of your pocket flip in the air and say heads or tails ok and if you can guess the proper heads or tails of ninety times in a row then you my friend are probably in league with the devil well j.p. morgan goldman sachs and other banks around the world last year will report quarters three months or ninety days business training days of a flawless training of winning bets every single day never having a down day that's a statistically about as probables flipping heads ninety times in a row or more so clearly they're trading on inside information that they can conduct and then manipulate markets and if they need to invade a country maybe of syria or some other country they don't care many people they murder a member of a million iraqi civilians murdered for wall street and the city of london they

don't care they don't care if americans die best of that's the bottom lines to think america understands that americans are the new soon the new era court the new indigenous population is going to get wiped out by jamie diamond he couldn't give a fig no matter how many people go down and of course we already know years ago under bush they allowed cia agents active cia agents to work for the likes of j.p. morgan and goldman sachs they're moonlighting there so again that's another blurred line over this corporatism fascism you might call it but why did this james clapper make this remarkable statement why did he issue this on their tumblr blog right well it's because of the n.s.a. revelations from snowden that went to glenn greenwald and he released them to global television in brazil and this is the next headline regarding the reason why james clapper spoke at a say spying on petro bras if proven is industrial espionage rousseff. reports that

the united states spied on brazilian oil company petro bras if proven would be tantamount to industrial espionage and have no security justification brazil's president dilma rousseff said she says if the facts reported by the press are confirmed it will be evident that the motive for the spying attempts is not security or the war on terrorism but strategic economic interests everyone in the world who thinks that the so-called war on terror is about security just look at the american population there unhealthiest an educated infant mortality bloated obese sick population in the world if america was going to learn about security you probably should not reflect a zombie nation of psychopaths looking for free money from the government clearly it's not about security it's about corporate espionage and have been from the beginning we've said that from the beginning and now it's coming to light and brazil and other countries are right to abandon the us dollar to get rid of the us dollar you sever the link to the financial terrorists on wall street so petro process is brazil's largest company and october twenty first their option off the

rights to their giant leap for oil field is between eight and twelve billion barrels of oil in there this could impact their decision whether or not they give any of these concessions to u.s. companies but also president restart of of brazil is supposed to meet with obama on october twenty third and they were supposed to discuss a four billion dollar fighter jet deal so that also may be off because they're very furious about this and again you know going back to my point that the n.s.a. spying is about economic sabotage as well as me knowledge and sabotage because brics the brics nations are what people say are the next superpower and together they're displacing u.s. economic might so brazil is one of the most important of those and here she's got proof that they're responding potentially possibly sabotaging keeping them down from ever competing with the. well brazil would be foolish to let this go on any

further nation that engaged u.s. contractors for their oil reserves they should not engage in defense military contracts with u.s. corporations they are a sovereign state and they want to try to beef up remember during the previous decades all of south america was a banana republic babble state of the american empire now that expired thanks to some democratic processes in this country and they've elected democratic leaders are fighting for the interests of people of these countries similarly in brazil if they want to remain a sovereign state and they have the wherewithal to do so there's going economies a very dynamic economy you don't even though you don't need the u.s. you don't need the u.s. fighter jets you can't make it on or over so you can do it. but part of the u.s. dollar please i beg you now finally on this story is this headline from mt weil dot com and it says james clapper is financial war on the world and they look at this the same memo that that national intelligence director released on his tumbler and

they say two things first of all he mentions that with their monitoring swift so this is the n.s.a. monitoring swift that we're all financial transactions happened to their well first of all those european nations already have a deal to give that information over to the u.s. government so why is why do they need additional information it must be more than just the war on terror and financial terrorism south so the other thing that he mentions however is that he mentions the word financial weapons he uses actual words financial weapons and as it's all there people are going to use it well and he will brings up the fact that for example quantitative easing the likes of brazil have over the years called that financial war by brazil going to one of the ministers of currency war and decide what's going on in the currency market because that's what i think seventy's when i turned seas were born that were on tethered to anything of substance like gold you had the beginning of what we now know in the modern era of her. the wars. over the decades due to sophisticated algorithms and

by deregulating the banking industry you've been able to create concoct engineer financial weapons but what if that's what a derivative is you swap assets in a bank in a foreign country that are collateral that you can use to build a sound economy with exploding financial derivatives that take down the country well in particular brazil's dilma rousseff complained about q.e. explicitly she said it undercut brazil's exports at a time when that country was finally booming that goes back to whether or not america and the head of state is a head tool for economic espionage and sabotage absolutely because the u.s. at the end of the day doesn't feel confident enough to compete they don't want to compete and like a mafioso they just want to extort it's an extortion versus competition i stay sober thanks for coming out for more thank you max don't go away greg palast coming up after the break.

we'll told you my language of bull but i will only react to situations i have written to me points for. the pollution to know i will leave it to the state department to comment on your line of argument to try to secure your car is on the job here knows i want to. thank you no more weasel words. when you need a direct question be prepared for a change when you when you should be ready for a. freedom of speech and let down the street into question. live right in the same place. the first trip to live and i think the church.

on our reporters twitter. and instagram live. to be in the. odd. place. you're about to see an interview i did a greg palast in new york city a few days ago before the weekend we discussed larry summers who only sunday night dropped out of the race to be federal reserve bank chairman but not to worry the new front runner is get this larry's right hand boy timothy geithner enjoyed the

interview welcome back to the guys report imax guys are very special as greg palast welcome back to the guys report but we're with you max all right thank you with another blockbuster piece larry summers in the secret endgame memo tell us about it well there was a memo written to larry summers who is obama's favorite to replace ben bernanke at the federal reserve board he got a very secret very nasty memo and somehow it ended up in in my hands i you know some thirty dropped that's how i work for those no greg palast i do investigative reporting in america not allowed under patriot act three but we do it anyway. so i got a hold of this memo which says the this is the end game so it's the end game memo it's kind of chilling words that came from his assistant a guy named timmy geithner this is before geithner became secretary of the treasury

when summers was about to come secretary of the treasury and it what it was was a discussion of the secret meetings that they were having with the five big bank c.e.o.'s in new york here in new york that the head of goldman sachs c.e.o. of goldman sachs c.e.o. of citi bank c.e.o. of chase j.p. morgan city the bank of america c.e.o. they were having secret meetings to decide us. economic policy and foreign policy really serious stuff basically this was the the conspiracy nuts fantasy you know you have the bankers secretly meeting with treasury officials designing the details of banking regulation policies it's as if the bob got together with the police chief is like a bad scene on the godfather so i disclose this and of course i had to do quite a bit of work to make sure it was real one is that it actually the memo to summer

saying remember call the boys the memo to summers actually have the private phone numbers of the five big c.e.o.'s and so i called one of the c.e.o.'s private numbers and sure enough no secretary nothing straight to the man i had to wonder b.b.c. rules say who i was and when he found i wasn't larry larry summers click and all the other numbers were changed but i traveled all over the world confirming this memo to geneva to ecuador and darkest new york as well this is part and parcel of all the patterns you see the energy industry the regulations written by the energy company and you've covered this in these various global energy catastrophes and corporations in these various countries here you've got the banking industry writing the regulations that supposedly overlooking overseeing the banking industry and of course you lead to this catastrophe two thousand and eight that is the five year anniversary and as some of the scribes and now there's been a lot of back and forth discussing this basically waiting out the statute of

limitations which will expire so and then correct and talk about that well you know the reason why this memo is dangerous is engaging memo it wasn't about the banks talking about regulation it was talking about deregulation or what i call decriminalization. this memo was about requiring every nation in the world to join in the u.s. hold hands jump off the banking deregulation cliff that you would eliminate. rules against derivatives trading we have to call that selling watered stock you can go to jail for that and you know selling to security which didn't represent anything you know. so allowing derivatives trading wasn't going to cause some of the futures modernization act of two thousand i believe but yes clinton was when they decided that the revenues were no longer gambling instruments and so they would be regular as gambling instruments and that they were financial instruments

and they came under a separate regulatory bodies but now you're saying that this is yet another chapter in this whole process of making everything completely legal no matter how speculative or dangerous of it what literally is to be criminal which was to speculate on currency movements abroad to sell securities which had actually no asset attached to them if we called watered down securities go to prison this is the criminalizing rogue banking it also said the decriminalization of banking was made worse and took down the planet because the glass was cold larry summers again we want to go back summers was behind the summers wrote. that law about derivatives saying they're not only legal but you can't regulate them in the case of what's called the glass steagall act we took regular commercial banks your savings banks your piggy banks and mix them allow them to mix up and use your government insured deposits to gamble through investment banks on derivatives and other speculative

junk it was like saying ok we're going to replace. bank vault with a roulette wheel so summers is the daddy of the deregulation disaster and yet obama's talking about making him the most powerful economic official in the world incredibly powerful plus under new laws the fed is also the number one banking regulator so he can be regulating the banks that he let run amuck. and by the way who have been his clients this guy's worth now about thirty seven million dollars. selling his so-called consulting services to the very banks that he let run amuck and her house i know you covered the stories around the world and also in the u.k. as you mentioned b.b.c. and then the great health dot com of course the web site people don't get all the latest i want to talk to mention quickly mark carney is now running bank of england he came over from canada and he has another next ball than guy and he doesn't fall

into the same umbrella of this corrupt you say that the fed is the world's global central banker so does mark carney in effect works under it larry summers becomes the fed gov fed chairman he would report essential areas that the reverse larry reports to goldman sachs if you read the endgame memo which is at greg palast dot com if you actually read the memo it said summers has to report to the head of of goldman has to report to the bank of america they're not allowed to do anything let's take all these five c.e.o.'s and by the way you know the secretary of treasury can call any damn banker that they want but they can't do is do it in secret and they can't give these these bankers inside information or allow them to change the policies and the actual regulations of the united states and in this case was also changing our trade policies we are the point of the end game was to require every nation in the world to throw out all their banking police. and the

way they did they went to places like ecuador and they said you want to sell us bananas you're in a sells your goods we're going to sell it we're going to sell you our bags are derivatives no bananas unless you accept our derivative africa that's a good and you know larry summers was infamous for once saying that the third world does not accept enough toxic toxins and poisons and toxic assets he was and people always talk about chemical and he may have been but he was mainly talking about toxic financial ass. that's it the third world doesn't take our rivers junk they won't take our sub prime synthetic collateralized debt obligations isn't this that's a real derivative by the way or put on real derivative but that's something the junk that goldman sachs was selling at before larry summers got into treasury was completely illegal even have these things they didn't exist because it was against the law ok so the memos affected the smoking gun yeah well i think that everything that you've written about the math i've been about over the rolling stone about all the shenanigans and criminal activity of these major banks is now verified

confirmed by the smoking gun memo and they're putting the guy who recommended that all these countries around the world are not accepting enough toxic securities to bankrupt their nation and now running this federal reserve bank that's what obama wants to do and you know you have to keep in mind how did this happen why would obama take the guys known as the typhoid mary of economics and give him the top job the top job in the in the u.s. economy and the answer is that obama's a picking summer summers and his career picking obama summers mentor and his guy is robert rubin at the time c.e.o. goldman sachs and later chairman cochairman of citi bank. jamie diamond and penny pritzker of superior bank jamie diamond of j.p. morgan chase who found barack obama a state senator whoever you know whoever heard of this guy they got behind him they raised three quarters of

a billion dollars who named themselves the president within hours hours of his election. obama named somers. and his dog's body geitner to run the u.s. economy within hours meant that the deal was cut as part of the election deal and there's a sense in the bankers boys this is very dangerous stuff because he works for these guys he works he literally want to say he works for these guys and i mean it's what is not a metaphor he gets checks he's made millions to people who think or say that this is a victimless crime let's remind people that's going on here using the revenue and it being interest rates artificially low and it's no way in. the wealth of the nation from the nation to speculate but let's put it this way it was illegal until this memo went into effect until this little cabal and that's exactly what it is. that it was illegal to do derivatives. on foreign securities and foreign currency

goldman did a secret currency swap deal on euro is with greeks when it got exposed and blew up it turns out that greece instead of making billions on this deal it was a phony they lost billions and that is at the heart of the collapse of the greek economy the second thing was that goldman was selling. collateralized synthetic collateralized debt obligations on subprime mortgages i know it's a mouthful it's even more complicated than that they were betting on the destruction of the u.s. mortgage market when the mortgage market collapsed in america goldman and its key clients made four billion dollars at the defense of other clients at the expense of other clients and expense of this planet and i have to tell you that one of the people to confirm the contents of the memo he didn't give it to me i guarantee you is joe stiglitz a nobel prize economist who was in clinton's cabinet and he said that summers was sitting cabinet meetings and when they would talk economic policy he would turn to

rubin and say what would goldman think of that over gold and think of this so finally signal it said to him in front. the president of united states you know we're in the west wing you know i mean why are you know why us would go that would think about what's the best policy for the american people and they looked at him like you know he has fallen off a watermelon truck and they got rid of it another i mentioned that cheney play another journalist up there writer john perkins and it's confessions and they get the kids and mine and end it with your books and you know it's like another chapter in this idea where the u.s. bankers are foisting all this jump on these foreign powers and in exchange they give them stuff you know at an income producing assets real assets boil gas mineral and then up with the toxic securities and blow up on the balance sheets as they're guaranteed to blow up all these balances and lo and behold these guys keep getting wealthier during the five year crisis the past five years the top two or three

percent net worth doubled in quadruple or someone else and completely bankrupt and they say it was an accident well look look at the look at how much money these five guys have made the the five c.e.o.'s of the banks that larry summers was was playing footsie with they made absolute killing i mean the only one that's in trouble is john cores and about to go to jail from goldman because he did the no no stealing from from the other boys but. yeah this is been one of the problems in the afghanistan like i said stiglitz said it's always ask what does goldman think and what goldman flawed is that the world economy would collapse and they can make a fortune off it that's a sick thing it's not like these guys were you know like patro this is not the plato's idea of some plutocrats who are thinking the best of us little people they're saying you know if we can wipe detroit off the map imagine what we can do betting against the city what if we bet on people four million people losing their homes and that's what they did and if we not just bet on it make sure it happens

make sure it happens that's the deep evil of this these guys made sure the collapse happened because that's where they. put their money on collapse ok they cry out they remember what a great bell that was the smoking gun and it gives you a fantastic insight into this evil incarnate larry summers who it looks like is going to be better so thanks so much for going to guy's report read it time and again soon you will and that's going to show the guy's report with me back i think you remember what i guess greg palast or greg palast you can buy a supporter report like that back saying why go. for probably the most complex and difficult to.

the phenomenon of friendly fire probably extends back to the ascension of gunpowder . if your bunch of people. are going to replace their review of people. reading. this something shoots my brother in the leg not intentional he does it because it was night time or in the morning even the best even the children. are going to make mistakes does this whole idea of brotherhood an order. and camaraderie in the sense it was in this context that has absolutely no place.

it looks. like you know that you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our democracy albus. in fact the single biggest threat facing our nation today is the corporate takeover of our government and our crass cynical we've been hijacked why a handful of transnational corporations that will profit by destroying what our founding fathers one still just mark it on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem trucks rational debate and a real discussion critical issues facing her ready to join the movement then walk

a little bit. see good lumber tour each year mccurry was able to build a new most sophisticated robot which fortunately doesn't give a darn about anything tunes mission to teach music creation why it should care about humans and we're good this is why you should care only. a little bit. i. feel. good speech.

please. please please. please. please please. me that really.

no u.n. resolution on syria's chemical weapons should be used to force according to russia's foreign minister meanwhile his deputies in syria discussing the deal this new reports of possible rebel involvement in chemical attacks in the. mass shooting in the u.s. capitol leaves thirteen dead. getting a heavily guarded naval facility the motives behind the attack still unclear. he speaks exclusively to the lawyer of whistleblower edward snowden this week pace to get the details of the fugitives every day life after his revelations lifted the veil on the n.s.a. sweeping snooping activity.