well. science technology innovation all the latest developments from around russia we've got the future covered. i am max kaiser and this is the kaiser report you know do you like the vix well the big spike show. was a song go into. things you wanted but the facts going on are well well first of all max tell people what the vix is oh well it's the volatility index you know it's a it's a contract that traders can buy and sell to hedge themselves against volatility

however the vix like everything else is being manipulated so it's not giving a good price signal it's like you take the batteries out of the smoke detector in your home so your house could be on fire and you don't hear the smoke detector because it took the batteries out so you don't leave the house even though the flames are engulfing you in your family like i don't hear the smoke detector so must not be a fire so the vix is completely manipulated so it doesn't tell market but just a pitch doesn't give them a signal about the true volatility and it's just another piece of the overall way that markets are being destroyed to service a few clumped across well all of these rigged indexes around the world in price signals i think is a form of chumming it's basically thrown into the water it's encouraging the seals a minnow the little fish and little chubby humans to get into the market waters to get eaten by the sharks now i for i have this tweet here max vick has been sitting

near or below twelve for two weeks the last time this happened was in two thousand and seven so everything seems coom the water seems calm so you feel quite confident that it's safe to get into the waters and to swim in the markets right while those markets go higher there's a sense of by people like. money in these markets to do it or they can't even if you let the market so that it's easier for them to make more and more money so money i gave tends to make people greedy you're it doesn't people not satisfied when they are making or accumulating large amounts of wealth that increases their greed and paranoia and fear that's one of the tragedies of wealthy i guess you could call it is that it doesn't most people it doesn't give them any relief release from fear it actually increases their fear and paranoia and so they go to ever they can to make it. impossible for anyone to encroach on their ill gotten gains so they'll manipulate the vix the manipulate the market style by

politicians not by david cameron the by barack obama though did ever that takes to protect themselves until such point as the whole thing explodes so i mean there's a famous line in jaws where. the fishermen on the boat one of them says we're going to need a bigger boat i mean this is what the european central bank has told the market that the fraud is so enormous at this point that in order to accommodate another ten to fifteen trillion dollars worth of credit default swaps and derivatives subtly fraud they're going to expand their balance sheet by ten to fifteen trillion euros they need a bigger boat to float on this ocean of fraud meanwhile there is the killer white shark ready to jump up like it did in two thousand and seven two thousand and eight like it did in dot com in two thousand and one like it did in asian one nine hundred ninety six like it did on wall street one nine hundred eighty seven there is always a reversion to the mean there's always nature excerpting itself there's always to kill a white shark it's here it's coming it's breaking surface yes in fact we're going

to go over those exact moments you mentioned but i want to mention you know that when when those crashes happen it's like a feeding frenzy great fortunes are made by the giant white sharks of the markets think of this last crash that we had in two thousand and seven two thousand and eight john paulson made billions. dollars on the collapse very few like destroying all the wealth of the long peaceful period before hand while they say markets go up a staircase and down an elevator shaft you know they go up up up and down the shaft it goes there were a few participants that made money on that collapse john paulson being one of them but remember there was a five to six to seven trillion dollars of wiped off the face of the market just back in two thousand there was a five trillion dollar wiped out of nasdaq and the stock market crash of one thousand nine hundred seven was a multi hundred billion trillion dollar wiped out so there was real wealth being destroyed yes there are

a few people that are able to position themselves to make money on the crash and of course throughout history of people who position themselves and then cause the crash now i mention the word chumming and i want to go into that in order to highlight what is about to happen perhaps in the markets should this done done done in a moment happen while chumming is the practice of lowering animals kind of like humans usually fish such as sharks by throwing chum into the water chum as bait consisting of fish parts and blood which attract fish particularly sharks owing to their keen sense of smell so we're being attracted pulled into the markets by the charming which is the reading of for ics markets which is the reading of libel war which is the reading of gold fakes to make everything seem placid seem safe that there are no great whites is no jaws lurking below the surface and just so you know because i know you think the brits make funny words for everything they call charming they call it here robbie dubey for so. what is wrong with the.

me why does everything have a sound like baby talk i got my rollie. because if they're also just the queen they all want to get the queen the mommy mommy mommy this country needs to grow up well in many parts of the world robbie. or as we call it chumming is illegal because it attracts the shark so i want to look at one of the recent illegal activities of rigging markets and that's libel or this new scandal will cause a terrifying financial crisis and this is from jesse colombo and he says yes it was a very good library yes they still tend tens of billions of dollars but it's creating this though the ultra low libel rates which have been low for the longest period ever in history if you look back at the chart that he gives us you see japanese bubble and bust asians economic miracle and crisis dot com bubble and bust us and european housing market bubble and bust and the current lowest are right now

so all of those busts are preceded by ultra low libel rates and then everything people were secured to get into the water they thought it was safe to get into the water and they got eaten by the predator on wall street but you have a really good example of that under the clinton administration after his failed healthcare reforms never got throw and robert rubin who was one of the sharks on wall street to show them the population back in the markets they got rid of glass steagall they brought about the commodity futures modernization act which decriminalized gambling on a lot of these derivative contracts and they brought back a whole new group of folks to set them up for another slaughter and this so right now you've got a big set up for another massive slaughter and you know this charming process goes on to think of bernie madoff mean bernie made off was really a keen student of chumming in that he would constantly deliver one percent a month returns the genius of bernie made up was that his returns were great they weren't but they weren't super spectacular they were just very good levon twelve

percent a year consistently markets up markets down that was his chum the chum line without telling anybody there was a huge ponzi scheme similarly in the u.k. in the u.s. and around the world around europe it is an enormous ponzi scheme built on debt that can't possibly ever be paid back but as long as they get the e.c.b. the federal reserve. when the bank of england to throw out the charm line of promising lower interest rates and quantitative easing you bring a whole new generation in to be destroyed by the shark the inevitable consequences of the crash that is as predictable as night following day as just another generation gets destroyed some win some lose their call darwinism financial darwinism economic dominoes them or just plain financial terrorism whatever you want to call it the result of the same good old generation got wiped out and then because people still you know go to bed at night and make babies there's plenty more chum for that came from well this rubbery dubey or chumming whatever you want it call it in because of the libel rates being very low just the colombo saying

similar to what you've said is that interest rates should be at forty seven percent in most non-crisis areas of the world like say china and yet because all of their contracts most of the contracts like two thirds of the contracts in china are actually based on my board so they're there but able to borrow at one percent which is why you see these giant bubbles emerging. the bubble so big that we're feeling the effects of the bubble right here right behind us in london with these house the all these flats being bought by a chinese based on these live or bubbles over in china but people don't understand is that this object of finding intelligent life somewhere in the universe is a failed mission from the get go because all the intelligent life outside there in various planets around the universe see us through their whole telescope equivalence and they see a big planet a debt and they try to avoid this at all costs nobody with an intelligent brain and

any other planet anywhere in the universe was going anywhere near a plant to debt as it's known throughout the galaxy throughout the universe nobody wants to touch planet debt so they don't reveal themselves because they're afraid that robert rubin is going to show up on some plot of some exoplanets some some parallel galaxy and leveraged buyout of some jupiter like moon and end up giving them all the debt nobody wants anything to do with earth anymore well speaking of debt the largest holder of debt or certainly the second or first or second is j.p. morgan they're in the final headline here j.p. . under a billion dollars in loan funds the business. loans and to top rated securities is booming like never before after the implementation of regulation aimed at making the financial system safer in the headline itself it be lies. true there are going to read it will just do high rated secure forty

dollars a collateralized nobly.