contains carcinogens and other toxins let's look at the video here of some would be making at the school in a day's work for this woman she opens up a manhole cover and scoops out this much slower because she can't she works in the streets at the southern chinese city of shenzhen a foot soldier in china's so-called customer oil industry this reminds me of a story we covered here on the kaiser report a couple of weeks ago about these fat birds in the sewers of london these are enormous concentrations of waste and moistened toilet paper that are clogging up london's sewers so what you're telling me is that in china they dredged that stuff up and they re cook it and ten percent of what they're eating on the street is made from reprocessed toilet paper read in fact bergs that they put into their pork buns and other street food gosh remind me not to book any flights to china any time soon well actually they go on to mention that that woman is just buying a house with all the money she's made over the past ten years pulling out those fat

birds from the sewage so perhaps you could do that here as well that might be a way to build the economy well i think what you're saying is that there is an analogy here between converting the sewer garbage fat slop into reprocessed tidbits available as a combustible or yes on the street with the slump in the financial system so they take credit they take collateral that's better abused and has been sold down and resold hundreds of times and they put it on the balance sheet of the bank of england and the bank of england exchanges fresh slop me in the form of the guilt which is then the collateral upon which the housing bubble in london is based and if you were to examine the balance sheet of the bank of england you would find reprocessed pork slop and gutter slop and oil and all kinds of dog bar bit in the us like you know phil and whatever it is you know trying to cut it. you know get

into a little mandarin there. you know where the men are no no no no i'm saying like the balance sheet of the bank of england is as toxic as that as the reprocessed oil that's being dredged up from the streets in china and the effect is the same it's apology scheme built on crap he yes it is as carcinogenic and toxic as the stuff it does the job it might look like there's liquidity it might look like you're your pork bomb is being cooked in oil but that oil is from the sewage system and you bring up the bank of england and that's in our first headline here bank of england's mark carney places a bet on big finance so he was speaking to the f t's one hundred twenty fifth birthday party and he said he mentioned that since one nine hundred thirteen u.k. banking sector has their assets have grown from forty percent of g.d.p. to four hundred percent of g.d.p. and he thought this is a good thing but that it could be even better he said by twenty fifty you

but exceed nine times g.d.p. and that is to say nothing of the potential rapid growth of foreign banking a shadow banking based in london he continued some would react to this prospect with horror he was right says martin wolf of the f.t. since this would turn the u.k. into the iceland of two thousand and seven times g.d.p. well first of all what wasn't covered the f.t. one hundred twenty five your birthday party was mervyn king popping out of a cake. and then his moves were dangling. tony blair was there a backup dancer pole dancing in the background with his moves and then david cameron set out the biggest movie of all if you know those that walrus beach waterspout let's get back to this idea that mark carney thinks the way to stimulate the economy in the u.k.

is by expanding his balance sheet from roughly two trillion pounds in debt to what he's saying now nine trillion pounds of debt on a one and a half trillion dollar economy you're right it would be like iceland right before a collapses but this is exactly what we're talking about be saying to the world bank's give us your toxic debt give us the slop the junk the collateral that it's worth pennies iran the dollar put it on the balance of the bank of england and we'll give you gilts priced at one hundred cents on the dollar which then you can use collateral to keep your ponzi schemes going all over the world marconi wants to be basically the hawker of the world i mean he wants to be the hooker of the world he wants every single every single to east he's the two pound hooker of the world he wants to get on with everybody and he'll do it for cheap this guy is shameless he's like the type chinese laundromat of the world he wants all of these foreign banks to put their fraud whether it's market rigging of live or now for x.

market rigging that is the investigations are going near those increase your assets of course but like with the gutter oil we find out that it's actually all slop and toxic and carcinogenic to our financial system no interestingly they also give some shocking numbers here on what those bank assets are as of august twenty thirty nine loans outstanding to u.k. residents from banks were two point four trillion pounds that's one hundred sixty percent of g.d.p. oh this thirty four percent went to financial institutions forty two point seven percent went to households secured on dwellings. and another ten point one percent went to real estate and construction manufacturing received one point four percent of the total u.k. banking is a highly in turn connected machine whose principal activity is leveraging up existing property assets the u.k. economy is essentially a pawn shop next door for house and then you've got mark carney who will give you

cash to visit the whore house of real estate speculation and he'll take anything in exchange for that cash to go visit the whorehouse of real estate speculation in the city of london so the bank of england if you open it up the vaults you won't see gold you want to see silver you want to even see bitcoin what you'll see are mountains and mountains and mountains of garbage and trash and gutter oil and dead bodies and mervyn king's dresses that he used to wear when he was not seen governing the bank of england before and old guys from the old victorian era stacked up like firewood rotting and that's the collateral that is the doctor saying the real estate speculation which has only one inevitable conclusion and that is. last but it's a question of when well as you mentioned he they're willing to expand their balance sheet and this is another thing that the f.t.

party conversation turned to he mark carney said the range of assets we will accept in exchange will be a wider does not look let's be clear about something if mark carney were honest he'd be wearing a dress that mascara full makeup and parading around in front of the bank of england sashaying around and basically doing his job as a pimp for the real estate speculators here in london that's his job carney is a pimp full stop and if you open up to the bank of england you'll find nothing but use condoms and a bunch of disgruntled customers who spent all their money on two dollar hookers in the real estate speculation steph spit known as the city of london continue on this corner because it gets worse so he said we're we're willing to accept a wider range of assets so called acid used condoms there's one way that's euphemism for use condoms extending to raul loads that's you from is number three

or some of the things in the kama sutra which you can't describe on the show because it's a family show. it sounds like the gutter oil the gutter we got or oh yeah they do it in the gutter for sure in fact he then goes on to say any asset of which we are capable of assessing the risk asset. asset assets saying you know this is the mare but of course we have this got our global economy because nobody can assess the risks of these derivatives this is the key is that when they go to sell these bonds into the market so-called tapering. they are making the assumption that the bonds that they have on their balance sheet that they accepted in exchange for the money laundering that they've been doing are worth one hundred cents on the dollar but when they go to sell those bonds they're not worth one hundred times of a dollar they're worth maybe two cents on the dollar so it's just like in any puns

the scheme you can't taper a ponzi scheme you can't unwind a ponzi scheme the bodies came only goes one way and when an entire country's economy whether was iceland before blew up or the u.k. today when it big or japan in one thousand know this is it the city of london today reminds me of tokyo circa one thousand nine hundred eighty nine when one square foot of real estate in the downtown tokyo was worth more than the entire rockefeller center or some a normal of california some incredible metric like that and then you know the nikkei was at forty thousand and then popped and they went through to last decades similarly they're selling plots of real estate in london that are as big as two stucker table for one hundred fifty thousand pounds that's the equivalent of tokyo one thousand nine hundred eighty nine this sucker is good all below they did measure in an article here that a house were the size of two super teams they measure things in terms of the total

that's what ronnie o'sullivan grew stucker player ever in the history of the world is probably the best economist in the struck out of the rodeo so all of them should be running the bank of england not mark carney if you're going to measure your economic growth in terms of supertitles. in charge because they don't bust the other player in the world and not marconi who were not so i don't table the product out there lol all right stay here we got to go thanks ray on the kaiser report. stay right there a lot more coming your way. sixteen percent imports came from. the european union is ironically taking fish from some of the poorest nations on earth so this is a very serious and very urgent problem that needs immediate international action.

on the. waters they fish they load the fish on to the ships and leave for. illegal fishing just taking the bread out of our mouths. his lover into an amazon. in my dreams. but he couldn't hold on to their race such a thing as a teacher and now she runs her own factory. there's no alcohol or smoking and even coffee is forbidden they worship the earth. will he be able to win back. his woman.

more news today. these are the images the world has been seeing from the streets of canada. giant corporations are the day. well if the new cultural comment was the polish face i just feel. they should have been with us here r.t.

today i'm sure. comments all i want to. say they got something that is quite simply. was no way oh. clearly they were just at the wrong place at the wrong time. and sold to the us and turned over to the us for. the soul that could be buried alive. was saved with great over. and they wanted to turn me into a terrorist so it is they wanted me to admit that i was a member of al qaeda or taliban and that i fought with them. not about time i didn't even know what al qaeda is nevertheless there are people all. brave

enough to start a fight. something is going to be done that's going to be done by me in the span of a short amount of time doing it but it's going to impact me i'd be prosecuted but it's not going to impact. the wife my daughter. the one time or trapped monarchy. to speak or language. programs in documentaries in in arabic. from the will talks about six fifty r.p.m. interviews for intriguing story. in trying. to. visit. but you are to. welcome back to the kaiser to our imax keyser

time now to turn to diminish its lead a sports journalist at the irish examiner but was also leading a successful campaign for irish debt repudiation as well as managing the blog site watch ireland dot blogspot dot the german walking ties the report thank you very much max great to be here all right now you're heading into the one understand forty s week other protest against a bondholder of bail out in ireland tell us about the campaign we stuck to the sixt two thousand and eleven which was the weekend after the last general election and i see in color with a lot of irish people i had voted for a change of government because they had made all the right noises we tossed in terms of you know sharing to bolton and you know lifting the bank that pulled in all this kind of person and within hours of the election of a mine days within hours of the election and i have been to kenya on irish radio

and talk you both so hard to know who is spoken to person or seems as if we're not going to be able to ensure after all and at the time you know across north africa if you look through all kinds of real process going on i mean dangerous process people taking delays in the hands of you know in iraq and in libya for a long time they aren't going to do it and they all this is happening around the same sources have to go inside yourself to find some common cause what these folks there were seeking in the past because in effect the banks in ireland have occupied the irish people there's an occupation going on where not unlike the british occupation from time immemorial this is a financial occupation is the problem one of the problems that people don't understand that when you have a financial occupation like you do with the banks the terrorist banks in ireland that because it's not outright land grabbing but using financial instruments that it's hard to communicate that yes from morris it was just as effective probably far more effective as well because and that seventy billion. is the actually banked at both ends we've been done to six and i seven billion and people are just not

a religious and you know i think the scale of it as well it gets people i mean if you are talking about five million or ten million or whatever but i think once you start mentioning billions of homes in people's eyes kind of is or was ok let me ask the question how much was the total balance of these unsecured international bond holders. where so far we have. to some there was a block for whom it was a brilliant blocks were called namor when your country might have come across a sudden loss on namor winding was a narrow one like of course dollars being the slush fund that all the bad debts are being laundered thrale's and it's similar to the wind lake and france where they are subsidies by the government to keep the wine industry going so there's a government subsidy reference to you know market line like exactly all one world but he did say he did it in numbers on this and sixty nine point seven billion that's what we've put into so for some of that money is money just that has been taken from us like we had the pension reserve fund where we had savings you know it was twenty point seven billion dollars actually taken from that pensioners are

front and poured into the banks then the rest of it is money this is actually no to europe so between those who would have to go sixty nine point seven billion and you know if it works or support fifteen toes in your purse now and if they can ever time you have to have those three kids it's about seventy five thousand euro per family that has just been put on to this role of the irish people from its own presented in skate it has never happened like this before so it's worse than then any occupation and the history of ireland he could say and that is the it would be more like they'd have to compare to the salmon because what in fact what you've done here is you create a manmade famine of credit so that you're starving people to death in a way using financial instruments and sell here you've escaped the whole troubles period and the famine carried only to be visited by another. plague of locusts the bank stores and they look like they could finish the job they are soul is at stake

here because not even your local media and ireland refuses to cover the fact that irish people are being terrorized by pankhurst what's wrong with this irish media are they just are they just corrupt are they stupid well it's actually there's another parallel as well because like you talk about the famine there was no famine in holland i mean this is going into the lexicon this is now going into the general acceptance in december that there was no being ost people talk about the famine in arlington or talk about to be in a circus i was taught about the second there are still am and there was no human life there was a shot that there was a failure of one food and no but it was a staple food of the people a staple food of the keep the pleasure but it was so it was we were exporting beef and kong and all to never hear us from ireland at the time of the so-called famine and famine means that there was absolutely no food we were exporting food there was a decision taken by did government at the time which is the british government just let the people die you know know what you have here you talk of debate over and

there was no beethoven and there was a baby and we didn't get a cent to best write them but the so called beta not one cent of death right don't just mean these are secured and secure because we have a secure space the bundler took all the rest. of the risk yet but now we have it and his deposit we got was death piled on debts we got additional debt and the so-called data was always bit off when like tries to beat it to teddy to try to come in the member of a memorandum of understanding that if the i.m.f. came into any country one of the first people his but the one told us they took a hit when the i when the i.m.f. came into ireland there were companies by the e.u. and the e.c.b. and the one thing to t.c.b. had in mind when they came in was to bail out the banks and to be able to europe it wasn't a battle it out and that's what they got and now we're hearing that we're going to exit this bailout as i said to many times people in the i.m.f. when they try to leave they would be leaving with a smile on their faces because every. that they came to achieve they would have achieved everything that they've come to achieve different shaped they believe in

here and we have a legacy that we have no debt slaves in and for the next forty years just on the producer notes that we're going to support her focusing on no we have a major move using the technical group and on the technical group and it was because they were the technical group technical group and then a toilet at all saying that parliament doesn't actually have these are independent group they go from the extreme left to the extreme right but they come together as a technical group just to get themselves voting rights and speaking rights and everything else because there is no democracy and you know it's been so difficult difficult to get to for the first time ever behind one of the proposed that we have for baghdad relief and i meant to force one which is the ending of the previous or no it's i surely hope that the producer who expects this of to couple things are first of all. leading into this idea that you've had some success here but i wanted before we get into that just point out about the debt itself and this idea of exiting the ballot which is the one that bell and as you more accurately describe

it because this is the headline in the financial times in the financial press and in the german press you're not see overlords have said that ireland is exiting the bell end but this is really just sofa straight it's if you're playing with words because it just hurts they just says for the debts over to another creditor it's like the mafia selling the debt deal another mafia can't tend. to get out of something it was correct yeah without that interesting time like we did to preserve norse for example i was thirty one billion you were interested in twenty ten thirty one billion euro and you think of the scale of the actually kind of the g.n.p. you know she got to be one of the top people in parent something one billion to below two insolvent banks using the emergency liquidity assistance fund which specifically states that can't be used to beat us insolvent banks but they did it because they were afraid of contagion across europe they were afraid of you excited to see it did moses i know. worse and worse surely to fight really trying to start a retail bank we're going to have the process just the bank set up your finance

speculation is a question for us it was would have to mean rotten bank sheaffer that cannot and so it was not done for the benefit of the irish people talk they were telling you were they had nothing to back this just as tacit in jail yet. where shouting i'm here is a ring and iris i was looking at the tower trust through to the river here of london and we badly need something like that and i don't know just enough to short people into because the medieval decided simple yet it is not china these days if john was in china he would have been beheaded erratic because he's a naturally i would mean the area but that's just another charge of legal precedence that unfortunately china seems to be more up to speed on the stuff but now you're having success play what we're witnessing and managed to get this group together i mean you know in a way i suppose it's a microcosm of what we've been trying to do because we've gotten every branch of tough political toss united behind just one thing because what we said to the very beginning here is this is a european problem this is not an irish problem it was forced on us you know it was the launch of europe which was totally incomplete combs it should never have been

launched the way it was launched you know it was daft it was mad it was crazy and when the you know the proverbial hit the fan we were the foster night and we were made to take the city you had even the chief economist with city city back up in the city copper city bank lately saying ireland is over thirty six billion sixty billion euro by europe but it's their combined emotion that we're putting down at the door because enda kenny and michael owen have stated over and over again that they have never asked for a bank that's right up front that never even asked for it next next think about this now they're never even asked for us they're going to europe is ok negotiations and they haven't even asked so we're putting down a motion of the deed to take the group on our behalf putting our motion in the door asking to go discover and to ask e.c.b. for permission to bargain their meaning for missing or bonds doesn't know headed and our sense of banks to commission up was money that we were borrowing every year to buy would be never a year to destroy. the pay back does you know these notes but knew when to put a stroke in february to noon and knew the news they define as mysteries occur until

the finance minister but he put a stroke i mean it was not a four stroke he has put it since it became a position and he put the stroke whereby you know he's told us people we've paid off the bonds like on the bombs or you know nothing at all they say oh yeah you saying here are the media paul you light the media law good luck i have to hold a string of half truths of how they called him past sure because he is intensely because it is a very it was just a little flavor on this program that what he has said is you know the promissory notes are gone to us true but he hasn't told the rest of the truth which is that their discipline bongs i don't know sitting in the central bank twenty five billion bought assumes they are sold on different issues as soon as they're sold on to twenty five billion dollars is taken and is also destroyed and almost who seemed like the promised us we're going to execute it from what you see its banks a little you see here the city of london h.s.b.c. barclays lloyds rb as they commit same kind of accounting fraud every day citi bank j.p. morgan goldman sachs same kind of accounting fraud area haven't ireland disguised

noone in the finance minister shyster banks are no good next and then enda kenny the current change shock where you say there were two shock to shock which is prime minister you know it's a leader it's actually times there has to say she was the leader you know it was the leader it was the senate's translators into leach but what kind of name is end it is that where you think i said this kind of weird thing is called. but i've sat there and you have no you know what the hashtag and and and and i like what an independent and put it and then i put it into into place so here's a guy who's supposed to be representing his people yes but he's represents shysters banks there's a terrorist financial terrorists happen. very well i think there's actually you know there is no democracy not to move you have a gang of four who actually make hard decisions they're independent becoming a four would be and the county michael noonan pass represents and him getting more

and somebody is a very good graphic and to be eighty years of experience in the private sector zero qualifications teaches this like mao's china suppose again to four dozen people in a cayman has never seen that with the punk rock group everybody else and that daughter i called the nodding heads that just you know ideas for guys coming to come into the cabin as possible with their ideas no a lot of doors to your ideas would have been dictated by the troika but a lot of internal decisions on how they're going to you know impose are these cuts and how they're going to raise all these taxes are decisions taken by themselves and all of these decisions they favor the banks right along the line if you have the banks the banks have had your absence for direct line to these for the people that got the policy statement in their hands or their squillo yes we're going to be in kilkenny for the kill comics best of all next week myself david mcwilliams a constant thinker against you know our friend plucky those are the top autonomous in the world right now you know want to be into chemical comics next week maybe

we'll see it ever thanks so much for being on the kaiser report to middle slit thank you very much max. all right that's going to do it for this edition of the kaiser a far with me max kaiser and stacey herbert i'd like to thank our guests jimmy to flint if you'd like to get in touch tweet us at kaiser report and so next time. you. press and media freedom worth nothing. when it comes to the interests of multinationals we have a media that is corrupted by power mostly by corporate power corporate ownership from the top corporate advertising coming in from the side we have the media this is where advertising and money and corporate influence is really the mother's milk a documentary filmmaker is being sued. for the truth has been told

a private investigator sells something shown taking email reading it happens people buy and sell those kind of services all over the world. hundreds of million dollar industry needs to protect its reputation a few million being spent on it on a campaign to do just that is probably good money well spent. so what will be the verdict. was. the deepest lake in the world. usually they're no more than fifteen thousand years old this one dates back twenty five min. of. spirits and buddhist gods live here. the pure clear water in the lake is helping scientists unravel the mysteries of the

universe. i tried to see by kal in its entirety. it's not that i have discovered something new here rather that i absorb everything that this place offers. the spirit of. stories others through a few. faces changing the world. picture of today's. from around the globe.

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