welcome to the kaiser report i max kaiser you know earlier this week but ben loesch c.e.o. of a.e.g. the insurance giant which took eighty five billion bailout money from the american taxpayer said that congressional outrage at the ensuing bonuses paid to these executives in a failed fraudulent phony financial products unit was quote just as bad as the deep south lynching let me tell you something bob if financial products unit were indeed chased down by a crowd of angry taxpayers and defrauded investors wielding pitchforks and hangman's nooses as you suggest in your interview history could one day possibly

look on this as an act of great injustice a stain on the soul of a population but violently repressed innocent bankers based simply on the color of their derivatives but i doubt it. what is going on here. max he's referring in particular to a id's financial products unit the unit that is based here in london headed by member the whole bank went bust the insurance company went bust eighty five billion dollars and taxpayer balla so he was interviewed in the wall street journal and he suggested that when congress was against paying bonuses to this very unit here that destroyed the insurance company well that was it could have lent to the lynching faced by african-americans in the south a i.g. c.e.o. robert benmosche compares bonus criticism to lynch mobs this is from matt of course who uses his unique way of describing the situation he says a.i.g.

has a lengthy history of producing some of the biggest tools on wall street former c.e.o. morris hank greenberg was considered one of the world's preeminent unapologetic narcissists even before he sued the government for providing an insufficiently generous bailout joe cassano former chief of a i use financial products division was another first arrogantly blew off the accountants who warned him his portfolio of hundreds of billions of uncle lateralized bets might destroy the world and that secondly he appeared before congress and paraded them for not giving him his money. right so the energy executives getting the bonuses in addition to eighty five billion tax bear cash. they feel persecuted they feel persecuted similarly to the way black slaves in america were lynched raped tortured and murdered in the deep south he sees a kinship there that cracker on wall street sees

a kinship with the way blacks were lynched it you know here's where i think black america should do in light of this revelation they should demand reparations for having built the united states of america they are owed by some calculations and this was an. if you years ago five to seven trillion dollars in cash right now black america this cracker thinks year that we're suffering of taking billions in bonus money is equivalent to you building into our culture that he now profits from he's also you know the bank the i keep on calling it a bank it wasn't really a bank it was supposed to be an insurance company and they were selling credit default swaps which they couldn't they didn't have any reserves against a bank pretends anyway that it has reserves member insurance company doesn't need any reserves so they went bust with those now he's also however saying that not only were we blameless here but even the rest of the population is to blame he

calls them the villain it's the people who took out mortgages that they couldn't afford that are to blame it's the nations across europe that went bust that are to blame the fact is the black population in america was lynched again because a i.g.s. and the credit default swap market was fueling the subprime crisis which led to foreclosure on americans black americans who had taken out mortgages on properties approximately sold to them by bank of america by citi group backed up by fraudulent non insurance products like of the faults was marketed by a they've had a huge wealth confiscation and they're feeding into the prison population i got a good insurance product it's cool black insurance if you're poor black in america is like an eighty percent chance you can go to prison if you have a black child get black insurance because that kid's going to jail and you need to pay for it right now there's a huge business right there what did you get into the black insurance business this guy's you don't coachable i can't believe it is american i have to put up with

people like this calling themselves american well another way to look at this is of course to see when we had all the interns in the south and it happened well past slave days that happened up until the nine hundred forty s. and fifty's so sixty's so it's not something that ended with slavery but. not very many people lined up to be lynched in the south however in america today everybody is lining up to be just like ben mosh pit will call a mosque ok because it is easier that way they i.g. c.e.o. the headline reads should we worry about unproductive financial sector gobbling up our best this is from robert shiller and he says the economic value to society of so many of our best and brightest making their careers in the currently popular kinds of other finance has yet to be pinned down so again remember that notice to the south nobody lined up to be like them everybody is lining up to be like the c.e.o. of a id that's what everybody wants well in a survey of elite u.s.

universities catherine rampal found that in two thousand and six just before the financial crisis twenty five percent of graduating seniors at harvard twenty four percent yale and a whopping forty six percent at princeton were starting their careers in financial services because they want to get lynched like this guy they because lynching is what people aspire to mount america they go to harvard twenty five percent of the graduating classes i want to be on like a black man in the cell going to get of the funniest business i'm a victim i was they feasted billions of dollars of bonuses only able to do i can't stand. i can't sit man like james brown brown is rolling over his grave right now that's the problem with america says james brown is gone it's complete lack of home well ok so bob benmosche member i said he's he's essentially in financial services an insurance company but is the new sort of other financial services so i'm going

to read to you what this involves according to a study by thomas philip on an aerial rush f. much of the increase in financial activity has taken place in the more speculative fields at the expense of traditional finance from one nine hundred fifty to two thousand and six credit intermediation lending including true. banking declined relative to quote other finance including securities commodities venture capital private equity hedge funds trusts and other investment activities like investment banking or in the case of a id badmaash it was this financial products unit the products where c.e.o.'s and c.d.s. is which blew up well what it means basically is the graduate of one of these schools will go to wall street and they'll take a pile of debt that will never be repaid and they will mathematically figure out a way to reclassify this some newfangled piece of debt that again will never ever be paid and then a.i.g. will write a credit default swap which again is completely on collateralized and not insurance

by any definition and they'll say it's ok to trade even though it's based on collateral that in itself has no value whatsoever based or reference or collateralized by another piece of debt which itself has no collateral either in this kent's unaided ponzi scheme that has reached seven hundred trillion dollars globally and is now virtually guaranteed to cause massive social unrest a bubble burst and complete reconfiguration of geopolitics as we know it today as the brics basically tell the u.s. in the u.k. phone. well you bring up slavery and this is this this notion of the chains comes into this story from robert shiller he comparison these guys like ben. bob benmosche from a id and all the other people and other financial services as being the neo feudal lords as erecting chains across the river to prevent people from crossing to where they used to be able to cross it freely and then just putting up chains and

charging people their intermediating between something that was previously free commerce was flowing free and then they just intrude there they look for ways to rent seek and one of the ways that the chains are being manifested in the public domain is to higher inflation when people end up paying more for food more for gas more for health more for education that is the result of the cost of these changes being artificially implemented so that access to capital is. it really is constrained to only people who know bob benmosche and his financial terrorism scheme and his look at me please lynch me haha you won't slap in the face. and then so with this we're going to move on to where these this neo feudal system that robert shiller is talking about and our best and brightest going into that we have are also not so best and brightest also seeking to go into finance our politicians money money money money money. this is

a headline about bill clinton so if americans are worried about money and politics there is no larger concern than the clintons who are cosseted in a world where rich people and leslie scratched the backs of rich people so bill clinton last year earned seventeen million dollars including to lagos lagos company where he spoke for seven hundred thousand dollars speaking fee hillary clinton is currently receiving two hundred thousand dollars per speech and between two thousand and one and two thousand and thirteen since leaving office bill clinton has received one hundred six million dollars from the speaking fees in his book but al gore has five hundred million dollars leaving office bill clinton now worth one hundred million dollars leaving office tony blair leaving office making millions and millions of dollars if you're prime minister or president is something to put on your resume barack obama will make a hundred million dollars once he leaves office to be the president is no longer the top job it's just something to put on your resume as you head toward consulting with a major bank and bill clinton by the way i believe was voted into the black hole of

a one point who claim is not a black man ok i'm more black than bill clinton is bill clinton is a cracker he's a very definition of a cracker he's not he's not a homeboy he's not a black man ok but compared to bill clinton i am for james brown i am poem and focus don't look compared to bill clinton ok i've for you to sit in that chair and let the world see who's black or bill clinton or max get down because. well but here again here's the president of the united states who helps to determine policy and regulation and how the justice system is applied across america so you have on one hand bob badmaash comparing his situation his plight. of people being braiding him for receiving with huge bonuses despite receiving an eighty five billion dollar bailout when he's cosseted and protected by the congress who gave him the bailout and meantime what happened to all those black subprime victims who had all of their wealth confiscated never the largest confiscation of a black american wealth since the slave days i remember the days when black is

beautiful and when there was a movement you know but now it's gone man the black man gone and america is just not there no more it's all just bob benmosche. all right stay sober thanks much being on the kaiser board thank you mags stage over the second half i was speaking with george galloway. on the money with the business of russia this. i suspect. we're going to go digital the price is the only

industry specifically mentioned in the constitution and. that's because a free and open process is critical to our democracy albums. in fact the single biggest threat facing our nation today is the corporate takeover of our government and across a cynical we've been a hydrogen lying handful of transnational corporations that will profit by destroying what our founding fathers one school classroom my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem trying to fix rational debate and a real discussion critical issues facing america have on the front row ready to join the movement then walk away from the big picture.

if you need to with these economic ups and downs in the finite long stay the length of the deal sang i and the rest because i meet katie will be every week on anthony . welcome back to the kaiser report imax keyser time now to turn to george galloway a member of parliament for bradford west george's making a crowd funded film called the killing of tony blair he's raised eighty thousand pounds so far but there's another week left for you to participate george galloway welcome back to how much you were here when you launched this project as it were eighty thousand pounds later we got a week to go tell us what's happening well i'm hoping to reach one hundred thousand

just because that's a magic number and we still have around a week to achieve that and i'm confident that we will do the will be a twitter storm a facebook storm an internet storm in general to try and drive a number bigger budget bigger production value i mean we can do more location war on some of the scenes of his former crimes we can employ more researchers and get deeper into the labyrinth of of hedges that he has constructed around his business affairs we can and go for cinema release we can go above all for feature length we wanted to be a feature length documentary right so it's closer than a wake if you get two hundred thousand pounds with a huge interest behind you there is then the possibility that you would go for a greater budget even with the festival circuits in mind like the sundance festival etc really compete head to head with in that global documentary market with this very important story about the killing of tony blair i want to talk about

crowdfunding for a second because crowdfunding itself here you are george galloway somebody who's be loved by the public and around the world who doesn't always get a great voice here in the corporate controlled media of the u.k. who's going totally around that with this project and getting huge response can this concept of crowdfunding be applied to politics in other words will there be. it a day when a politician instead of going to the corporations instead of going to the banks is funded directly through the public through crowd funding your thought and with thousands of small donations you can do better in every way than going after a few oligarchy and being compromised by the money that they give you this was pioneered in the united states remember howard dean's presidential run which generated phenomenal sums of money in small amounts from large numbers of people president obama started out his fundraising that way and then quickly switched to

the big corporate donors and look where that has gotten us in britain it's never been done before i hope to be the first person to do it if i run for mayor of london with you as my economic czar then i'm going to try and crowd fund the campaign we need to raise a million pounds get a million votes and if we do we'd be the mayor of london and the bankers would be jumping in the river because they would know the mayor and his team had arrived that would not allow them to lead the city of london waste in the interests of the city of london so crowdfunding does have political applications i'm absolutely sure about that that we do the show in front of this building behind us and i don't know if everyone knows it but that is the official headquarters of the mayor of london so you're thinking that for a million pounds through crowd funding you can mount a credible all campaign to become mayor of london well i will have raised one

hundred thousand pounds for a movie in forty days if this last seven days goes to plan. we don't interest ten times that over a longer period the elections not for three years for something just as significant as a movie arguably much more ok but the point is that you know isn't crowd funding doing something that you would have expected to happen in democracy. i mean i'm saying that what happened to democracy all the stars you're a student of history yeah what happened to the participatory democracy well it is a democratic way of funding something in an era when the very lack of democracy in funding has led us to the copper control of virtually every aspect of our lives the rulers would like to impose upon us and look where it's got us it's not just that it's not a model it's that it's completely incompetent any effect of not working so a better system has to be found and i think democracy in this and in every other

respect is the best way forward and crowdfunding is the purest form of democratically funding action making a movie. storming the bastille of the mayor's office over the weekend put out a plank liken it to the pirate ship and boris could be forced to walk the plank could be used in times or ever right here it's not much of a drop only if you can go to some crocodiles and all right let's talk about this film the killing of tony blair as you mention the corporatization of politics has led to the corporatization of the political animal so that they have a life when they get out of office bill clinton is now set to make one hundred million dollars from rudd going around the world his wife hillary charges hugely for speeches al gore five hundred million dollars for sale of his t.v. network in united states tony blair is one of the dodgiest of the lot he is around going around the world this is kind of the basis of your film and he's making

a killing kind of cashing in on is rain at prime minister where he said there was no blood for oil and he's out there cutting deals in the oil patch clearly was blood for oil tells more the concept first coined by you that the prime ministership the presidency no longer is the pinnacle of your career but merely step along the way an entry on your resume on your way to the big job the job that makes you rich as croesus and tony blair who by the way as this film will show had a constant insecurity about money he went to a public school he went to a fancy oxford college he liked the airs and graces of the upper class but he never was upper class he always felt financially insecure so he's been as busy as a bee for seven years making a pile of money tens of millions of pounds and that's his real job is real job was to use the prime ministership of britain to create an environment good for the

corporations and to create a world environment good for the tyrannous and attorneys in the corporations are no making him rich but here's the point this. kind of thing is i didn't do similar to the current crop of rulers who happened to turn it into i'll look into bill you play ball with us and when you're finished office you'll be as rich as you could possibly have imagined you might be and that's a fundamentally corrupting thing in the case of tony blair his stated mission with his new corporate entity is to bring peace in the middle east that's one of the mandates of his organization and yet it seems he's doing the apple absolute opposite and stirring up a storm so that the weapons dealers make money the oil dealers make money and everyone else the middlemen make money everyone's cashing in on this doing the exact opposite of peace he's not part of his core tat of peace he's part of the

four horsemen of the apocalypse bringing to steffen destruction to the middle east that's what galls people that's what sticks in their craw that he's making money i mean ok's making money in washington somebody make money but that he's making an egregious amount of money by doing the exact opposite thing he says he's doing and by taking advantage of his position as a public official well i couldn't to put up a better myself the nonsense calendula appointed his horse as a proconsul of rome has there been a more inappropriate appointment that tony blair is the middle east peace envoy not only is he dripping in the blood of the people of the middle east from wars gone by when he was in power he has incited war after war have to war and supported war after war after war in the very middle east the minimum ambition of our movie the killing of tony blair is to have him kicked out by a least one member of the quartet our maximum ambition is to see the cell door slam shut after him at the hague because we believe he ought to stand trial for crimes

against humanity for war crimes in the at the international criminal court a court which he himself supported the establishment of of course donald rumsfeld can travel to europe big for fear of being arrested and. into the egg because of war crimes tony blair has a similar cloud or not yet he has a toxicity about him in britain which for example was the reason david cameron lost the vote on the proposed syria war blair was hovering the elections w right there george galloway because you're in the house of commons that clause vote on the syria war was close. and very close and you know you're in the house of commons your way of thinking after years of anti-war demonstration that a lot of people said went nowhere finally with you in the house of commons and a lot of other like minded folks there was a defeat of a war initiative really the first time in hundreds of years so you're on the some would say the margin how ever when it came to that vote in the house of parliament

it tipped against that war so now you and your like minded m.p.'s have redirected this the history of this country quest or not since seventy nine eighty two has a british prime minister been defeated on a matter of war and peace in parliament and that was lord north in connection with the war against the revolting american colonists and saw its historic by any measure it also was decisive if we had not taken that decision by just thirteen votes that day president obama would have launched a war that we can't but because we voted the way we did he had to stop and take stock and take it to the congress and events moved in a way that president putin and russia swept up diplomatically and have run rings around the us administration but it would never have happened if our voice hadn't gone the way that it had and how important our so-called alternative media like r.t. and other networks and media outlets that are going against corporate media and in

changing the way people are thinking in the house of commons massively and everywhere you go people say we saw max we saw you we saw you on max a show on r t and other means the. youtube's and the face books and twitter and all the rest we are able now to get around i mean i get absolutely no justice from mainstream british media in fact nowadays you have to work hard even to persuade me to go on mainstream british media because i don't need it because i can reach just as many people without having to jump through the hoops and suffer the or proprium and contempt that these people have bitterly sure people whose views it's time to vote are in the majority in the country so all power to r.t. or power to max keiser in the cause or report well i'm going to be your financial advisor when you are mayor of london and we've already discussed some of their proposals the plank for the current mayor to jump in the times i think is

a good one but let's talk about this project as they have a mental attitude so it's called the killing of tell me blair it's on kickstarter dot com you got a kick started out come you find this project the killing of tony blair you can put up five pounds or dollars or whatever five pounds will put your name up the in the titles of that movie for all time and if it turns out to be as historically successful as we hope it will would not be something to have just for five pounds and there are all sorts of incentives give one hundred give two hundred give a thousand two thousand five thousand if you give five those in your then an executive producer of the movie two names not just in the titles it's up there in the opening and also i want to mention something and we only have about twenty seconds that anywhere in the world who wants to fill the role of the whistleblower on tony blair they've already two or three people have come forward yeah and said we've got stuff we've been sitting on in wrecked like with prince bandar the saudi arabia all that dirt that we know of that is involved up to his neck if you want to step forward and be a whistleblower then they can contact the organization and you can start to build

that into this project and really dig down drill down into the stump that is tony blair that's exactly the case if we can get people with information they haven't. be unable to bring forward yet ours is the vehicle to climb aboard because this movie is going to be seen all over the world it's going to have a real impact now is the time to blow that whistle on tony blair ok we're going to leave it there were out of time george galloway thanks again for being on the kaiser report fantastic great to be here. and that's all the time we have for this edition of the kaiser report was made max kaiser and stacy herbert i'd like to thank our guest george galloway go check out this project on kickstarter dot com the killing of tony blair you have just a few more days to help make something big happen if you'd like to get in touch tweet us a kaiser report intellects imax got assigned by all. the

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pleasure to have you with us here on our teacher day. this point being an expensive car saloon. suv clueless a new fashion show. also designer bags and shoes in the best shop windows. luxury is a school. is

a lost cause. concerts live on are cheap. they would argue that somewhat soft to approach towards the taliban if you want to have a political solution must create the conditions for reaching such political solution and if. conditions that will enable those on the side of the taliban to to push to be a part of political solution. to sympathize with the soon to uprising but we do not train and we do not smuggle weapons or send us night we do not do any

of these things. the latest diplomatic marathon over syria results of the lateral for a while now the u.n. security council outlining the country's next moves on chemical disarmament. claims of state slavery are fired at qatar as a football community teams up was rights activist over doha building that's where. cob dream that always will cost immigrant workers. and faced with a war a first public the u.k. eyes on man drones span of all mercenaries and propaganda to fire up the national spirit.