it's been sent to california the birthplace of the ray gun and the b. movie turning to america for economic advisor the classic trope of the b. financial horror movie for what has happened is that in the past twenty years and had it done it and ok keep that bill scott and jack in your mind in the past twenty years america has changed from the producer to consumer and all consumers know that when the producer names the tune the consumer has got to dance dance through this law then oh that's right frenchman can't dance and the derivatives wielding banks are in this be moony don't know if they want to be matt dillon or bob dylan ben bernanke they are men of a thousand helicopters janet yellen does a tapering special effects from abacus two thousand and seven a c one in the daily krazy glue no worries francoise law it won't be too long before the director cuts the scene yet it's all like that in a b. movie. if you're going to go scott or all of this morning well if the director

doesn't call the people of france might because you know there's a headline that reads francois hollande approval rating says new anti record. so apparently seventy nine percent of the french people hate. those beautiful music. but their revolution of course is being televised you see a lot of their days of rage all over the news but i want to look at some other b. movie sort of headlines in the headlines in the past few weeks and some of them one of them the first one comes from france itself michael jackson fan sued for emotional damage suffered from his death and somehow when about a buck fifty each so there was a case brought in the courts in france by the michael jackson community and the court ruled that five of the plaintiffs two from france two from switzerland and one from belgium had proven emotional suffering from jackson's death as far as i know this is the first time in the world that the notion of emotional damage in

connection with the pop star has been recognized their lawyer a man you well know said. so they want to but fifty each which i guess have been about enough for a one way love oh fantastic. well this could set precedents as well because seventy nine percent of the population of france for example claim of motional damage from their the failed economic policies of their president yeah well you know first of all on scooting around france on a moped to visit his mistress. at the same time the michael jackson fans are seeking redress for the untimely death and the government is paying out both the michael jackson fans some stipend for enduring the mental anguish of experiencing the death of the king of pop while the king of drop dead easy is see francois hollande is just on suicide watch by the french. people hoping to cash in on what would appear to be the stupidest president ever elected in the country's history

well of course the economy is not doing so well there and there are black holes of debt at society generale and b.m.p. pare about oh i'm sorry you're not allowed to talk about those two banks the parent i know is not amusing the way society generale go after anybody that tells the world that they're technically insolvent they tend to write letters of all kinds of nasty french invective like sucker blew the. music but the fact is the site in general is technically insolvent b.n.p. is technically insolvent the french economy is insolvent and france on the well francois hollande is impotent well they actually one of those banks sent basically an emotional damage letter to michelle block of global economic analysis stuff blogspot dot com. the ironic thing of course being that he's an american taxpayer and american u.s. fed bailed out all those banks right when they had erectile disfunction but they were bailed out by american monetary by agra and now francois hollande is taking

full advantage by chasing skirt all over town on his little moped well francoise hollande was in silicon valley just this past last week he could have gone down to los angeles and gone down to conrad murray and collected on these debts that the courts awarded these victims of the michael jackson death star in a portal film you know los angeles is the porno capital of the world francois hollande and can't get up a new french movie starring for this one being coddled by mr says all over the country all over the world definitely would pay buck fifty to see that so he was a he wasn't silicon valley and you know that all the silicon valley bosses are really upset about the peasants in san francisco who are upset about their large you know how well they're doing so and there were you know like one of those private equity firm guys was saying that it was like kristallnacht being there so i thought another thing that. could have brought them. there for those people that are angry in san francisco is something that has been imported here boss napping

reached the u.k. three lap dancers kidnapped nightclub boss three english lap dancers are facing court queues of boss napping the head of a tel to numb u.k. nightclub when he refused to pay them half of their earnings the latest boss happened follows an incident when two managers were held hostage in a goodyear tire factory in france by employees unhappy about losing their jobs so this happened on september third two thousand and twelve when they kidnapped their boss who they claim owed them twenty one thousand pounds because they were lap dancing at a you know the races the horse races that tell to them now the reason that the boss this boss says he didn't pay them however is that they had promised that they would wear bikinis and nipple tassels at all time while doing that lap dances but apparently the girls got completely naked and his venue was shut down so he says he didn't earn the money any afficionado lap dancing going to buy afficionado lap desam in france fall on knows that nipple tassels are integral part of the

experience one pays when one gets a lap dance especially if the tassels are spending an opposite directions that shows a certain. you know lap dancing acuity that one expects if you're going to fork over harder money especially in a race track were a tracks of course the crammed a lot cram the dog tracked the lap dancers are much better performers and they get the tassels going in opposite directions i'm surprised francois hollande was one of the dog track betting all of france's money what strippers and lump dancers so that he can rename his porno film from can't get up to open all night you know i'm so good for this one i mean you're friggin french most of me you know make an odd top of some new bio young newbie in bricklaying your. it's from the kidding so let's get to know. so he was over in the us and now.

i don't know if he talked about this last napping idea to people in silicon valley staying in the u.k. genteel hampstead garden suburb is terrorized by moped ram readers moped ram readers is not for us while on his mocha look i want to stick on boss napping because this is really a fascinating french phenomenon you know workers kidnapped their bosses for ransom and now this is as you point out this story is that it's kind of migrated over to the u.k. where workers the labor force is now kidnapping their boss and holding the boss for ransom this is what happens when the economy suffers inequality as it does here in the u.k. or in the france where the top one percent you messed and the private equity guy tom perkins who claims that being rich is like suffering under kristallnacht so i don't know what s. of them lap dancer he's been visiting but having a billion dollars is not the same as suffering kristallnacht in the extinction of

a genocidal maniacs on ace ethnic group tom perkins unless you're snorting so much p.c.p. while you're getting a lap dance that your brain is turned into frickin mush which i suspect is the case you need to hook up with francoise hollande get on a moped and go down to a lap dance club right now and get slapped silly and slap straight because you're out of your fricken mind tom perkins well the ball snapping they're not just holding them for ransom they're basically they're holding their kidnapping them and holding them until they get what they think they deserve so in the case of goodyear tire factories i think it was forty thousand euros each all the workers wanted before they would let the boss go that they wanted this as reparations for her working all that time there so we know speaking of boss napping we were in rhode island over the summer talking to one of your relatives a guy who works for one of the big four accounting firms who watches the show who likes anytime we mention lockdown. sitting and cheap lap dancing while he's got. an

example or around in the collar of his dog so hearing is lounging around the living room does jack nothing except cook books all day for some big four accounting firm zapping his poor dog like you know talk about kristallnacht here's a guy's dream act of kristallnacht right there in the animal kingdom in the living room that's the kind of mentality you have the big four accounting firms that's a kind of accounting you have what francois a lot of us to come mentality is driving the global inequality you've got britain dogs operate in their living room or do you sleeping with friends who all of a lot of them open looking for a mistress not just on a good for a living i don't know what is well let's return to these moped riding ram raiders again not francoise hollande and his mistress on the back of a moped office honestly they say this isn't the the suburbs of london the posh suburbs up there in hampstead and one of london's most genteel suburbs has been turned into fort knox by residents protecting their homes from ram raiding burglars on mopeds homeowners in hampstead garden suburb have spent tens of thousands of

pounds fitting iron bars onto their windows reinforcing doors with steel bars and encircling their multi-million pound houses with spike fences following the unlikely crime spree so police are telling the residents of this area to spend the tens of thousands of dollars and pounds to upgrade their security because these people these guys are coming in on mopeds and could it's very windy up there so they're escaping the police and the helicopters flying overhead one of the local residents said it sounds like baghdad there all the time because they're chasing these guys and mopeds but they could escape easily write another funny story is that because you've got tom perkins a billionaire claiming you suffering kristallnacht and you've got people in hamstead he snooty posters up there who have just used a copyright cartel the leech billions of dollars from the intellectual property industry complaining because the people that they screwed the people that they victimized are writing it on mopeds to steal it you know. and tea coffee pot or tea pot or something to sell on e bay for a few bucks so they can afford

a fricken white glove in reparation for michael jackson's the rest of a died oh my god at think it so that is again an example of somebody who's been a raper and a pillage or of the economy living high on the whole long suffering the consequences of their own dastardly doings down being hoisted by their own petard hard up there in hampstead heath this is what you can expect for your financial leisure domaine your talk or see is coming home to roost now the funny reveal in this b. movie however would be if the president of france francois hollande was found to be one of these ram readers in hampstead i have no doubt of how do you suck because that's where all the fun i already are living because he likes the quality you know his friends after all we're going to french people you know we've got to go but i spoke a few days ago with the p.s.u. out of it and paris us we're going to talk to them shortly so everyone stay where

they are we've got a massively interesting interview coming up. stay right there. cue . fly transit route juba nuke of the airport your best way to the heart of moscow. no cholesterol piano sound depression.

the tricks you should change to improve your life. are you valid so. far those that's a field on the march. came right from the sixty's came the first rush to do so and i could think the troops. can pick up on a reformist twitter feed and instrument feel cool me and how much fun i am a. six. feet q.

feet kick up. welcome back to the kaiser report just. now over. to talk to pierre edge of automatic author of blith masters the best selling book about j.p. morgan's head of commodities and the inventor of the credit default swap or as we

like to call it the credit to fraud swap here welcome back to the kaiser report. pierre first your thoughts on the twenty four hours that blights master spent on the c f t c swaps panel pierre. might go this is the. maybe somebody at the suv to see it was in love with her was the only explanation was the you know to take such a decision it was like like a suicide for those who have to see this especially when you think the brooksley born who was the head of the city of to see you know fight with her at the time and she was fired for that right and you know this is a woman black masters she has an open ongoing investigation by the regulators into market fraud but it's part and parcel with this new reality pierre of having both regulators and bankers and politicians all committing fraud together

there is no difference anymore there are no regulators out there that are really doing anything now a year ago or saw a so you thought that j.p. morgan was going to set blith masters up for a huge fall where are we on that. us you can see you know the g.p. morgan decided to sell the department of commodities but to go back to your proof to prove us you know or this politician bankers exit through a regulator is a myth that in french there are all into some bed so to dissuade you know it's more practical to understand what you know what's going on. i say so to put this in french terms blith masters was invited into a menasha trois of fraud between regulators bankers and politicians i understand and maybe stephanie flanders just for a little astra spice now let's talk about the french economy there was

a day of rage at the end of january which saw a nearly twenty thousand take to the streets against holland they were chanting and law and economic slogans what were they angry about given the economic numbers pierre. well i was there or you know i was covering the strike the one number came out a couple of days ago saying that in two thousand and thirteen sixty three thousand companies lito you know big ones though the matter you know have been closed. in two thousand and twelve we had like a fifty you know fifty or fifty five thousand and so on so as you can see two french economy is falling totally apart there is no a single week you don't have a kind of big strike when it's not the caps. you have you know the day of rage when

there's not the bridge it's against the homosexual marriage and so on so it's something good we have never seen and you know the surgery rates of also alone i remember we talked about it together we're going to a couple months ago but know their fallen so low that you know maybe he's going to find some oil or was that was something because his that eighteen eighteen percent of satisfaction if. we can call that is fiction so it's it's quite interesting in a way so let me ask you about this kind of in a broader context nick has over the past few years during the euro zone crisis we've seen countries down in the south of europe like greece portugal and cyprus go through this crisis the economies collapse unemployment skyrockets and there was a some idea at that time that there would be a contagion and that this problem would have to travel north and get to france and

is that is just basically part of the overall problems we've seen in the past five years finally arriving on the doorsteps of france pierre oh yes definitely max the definitely true to give you a couple of example. what we have seen in greece like you know three four years ago we start to see it in france. example you have companies thing to do to the employees you have the choice if they were going to move the factory in poland or rumania or whatever or either you accept you know or. thirty percent cut of your salary so we will you we're seeing something interesting but it's the same pattern as in greece you know you started to lowball you know to level down the salary of people and of course the statistics of the unemployment

have been totally distorted you know as a united states. it's absolutely frightening really frightening and there we have our. it's actually it's what is scary because for the first you know it may be for the first time. this year may be the one with a couple of deaths you know in the next strikes we're going to have because the bridge. will go on and the minister of interior is extremely careful about that so he's fighting them also so there is when you have also don't have the power with only eighteen percent of satisfaction so he cannot go on very long twitters in new york and in london are going to have a lot of fun you know in next couple of months. you mentioned the traders and in new york and london of course right before greece collapsed goldman sachs it's now

while not understood made enormous bets on the collapse of grace and they profited handsomely the insiders papa dry al was benefiting by some financial fraud and so it was really set up to fail and we see some other similarities in grace of course . yes after the collapse that was engineered by wall street you had a rise of neo nazi ism in france just recently as part of a huge protest almost twenty thousand neo nazis were in the street shouting screaming anti-semitic slogans oh well let me correct you on this one because you know i covered the. there were no twenty thousand i mean there was actually it was like eighty thousand people in the streets and there were like one thousand people you know scanning discomfort of so it's difficult because up but that was made by the you know by do the french media who who wanted to to to be off

of the screen of the reader ok so let's be clear that there was approximately a thousand ysaye of. medic male nazi types in the street there is a similarity with what's going on in greece however one of the economy becomes completely distorted when there's reparations to be paid in this case reparations are being paid to the likes of corrupt bankers like life masters and j.p. morgan it it is a rage that boils over people start looking for scapegoats people start becoming violent and ears suggesting that twenty fourteen we could see this type of violence that we have seen in greece we could see it in france is that correct it's definitely correct let me just remind you something we're going to goldman sachs goldman sachs commode i think it was two years ago sinking a french newspaper that salaries are too high in france government size could imagine that saying you know we want the seller is going down of the thirty percent

and basically this is what is what is happening now so you do this is the perfect pattern and of course in in france we can see the extreme right. going up definitely the. sure you have the movement from and so on for instance you have the movement from you know from some other little little part of it but they're not as strong as they were in greece don't forget a month in the pen on the country she is going to have i think she's going to make a very very interesting score on the election in march and we're going to have to roup an election in may and this one is going to be really frightful because i think she's going to win on this one and she gets she's against europe right so just to be clear you do see a rise of a neo nazi element in france but the media seems to be blowing it up in

a huge proportion to take attention away from the fact that the holland government is corrupt and in bed with the bankers who have been involved in wholesale fraud for five to ten years and in bed with the likes of flight i call financial terrorists like all men sachs and j.p. morgan that what's happening in switzerland they had a vote on the limit to either you immigration and this is set off a chain reaction of comments what are your thoughts. it's exactly as what you said previously economic crisis hits also switzerland so people are fed up with the immigration and this is this is going to backfire or of course for the for the rupee and. regarding you know to going to go back for the elections. we cannot say that to do nunez are very very

strong here seriously i mean there are just really a tiny minority but the french people are totally fed up with the government and for the little story listen to this. during the presidential campaign for small and. said you know like you know you know in a big meeting in a presidential meeting. the finance is his enemy finance finance is my enemy exactly this is what he said and truth is later precisely he to he took the earth star he went to him don't you know want to see all the financial people who are there are saying you know this is just say that you're all for you're all to do to win the election but don't worry you know and what we what we saw here in paris is that. you know is the enemy of the finances of the french people but not the london people of traders. right ok so

just to be clear francois hollande is against french people having any financial literacy or sovereignty but he's happy to give the british people plenty of financial sovereign say but this is a pattern we've seen all over europe we have about one minute left let's talk about francois hollande some more he's the first french president in fifty years not to be invited to address congress on a state visit foreign direct investment into france is at a twenty seven year low airbus is planning to lay off fourteen hundred employees in france you were talking about a possibility of a revolution a year ago or so in france and sense that some time in only the event there's a war supporting her your thesis we had about a minute thirty seconds left here i think it's time to see some change mints in influence because different people who are not going to react like the greek. people from cyprus you know it's really interesting to see how quiet greek people.

who think so. well it's every cut in france certainly when i was living there everyone from attacks a tribe or on up always comes back with the idea that while things get bad enough we'll just start a revolution it seems ingrained in their culture but we're out of time pierre thanks so much for being on the kaiser report messy marks. and that's all the time we have for this edition of the kaiser report with me max kaiser and stacy herbert i want to thank our guest p.r. job you know that the author of bull life masters fantastic book if you'd like to send us an e-mail please do so kaiser report at r t t v dot are you in so much time by all.

joining me. for kinda impartial and financial reporting commentary contribute and much much. only on bombast and. pleasure to have you with us here on t.v. today i'm sure.

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