l b c radio where he was asked why he bought them you'll being accused of playing politics by purchasing one hundred twenty seven thousand pounds worth of water cannon and a bit of a dust up with the home secretary. what we're doing is we're trying to save some money he said he bought them in order to save us money yeah it will save us money funny you should mention money because on star john dot com are crowdfunding thirty thousand pounds to buy the people's water cannon the people's water cannon so also we also are going to crowd fund the purchase of thousands of water weaponry such as these water pistols and we want an army of volunteers to follow to shadow boris johnson and it's easy to spot it looks like this shadow boris johnson and whenever he uses his water cannon then scorn him in the face with a water pistol and of course the people's water cannon which you can help finance

or fund on star join dot com the people's water cannon we've already got one thousand two thousand three thousand pounds raised that we can buy water cannon for thirty thousand pounds he's paying like a hundred thousand pounds it immediately is over paying for the water cannons we can source water cannons a lot cheaper for everyone or can anybody will buy five water cannons this is a water wars well they're water cannon remember it's the wasser war for nine thousand and it's thirty seven leaders a second and a maximum pressure of two hundred pounds per square inch so being hit by a water cannon at maximum pressure should feel like several people colliding with you at once but of course we just need this because they're witches right so they melt their wicked witches and they just melt under a little bit of water. we've got the swarm that's then my crowdfunding is a new crowd a new cryptocurrency start point oh yeah yeah start point is a new crypto currency they're actually going to give away for. anybody you go to

start going to dot com so you come to start join dot com and you know crowd fund the people to watertown it as a registered member of start join you get free money free money free money free money we give away free money every friday is free money friday and start writing friday cool and now the reason why there are of course bringing in the water cannons is i'm going to remind you of what happened earlier this year why there was a call for the water cannons police to ask home secretary to approve use of water cannon across country police chiefs a water cannons are needed because austerity measures are likely to lead to continued protests so they already have plans that there will be more austerity or something happening in the markets that will require further unrest in the streets of london well we know it's going to happen there's negative interest rates down the e.c.b. over in europe and that negative interest rates and balance are coming to the u.k. the united kingdom is now the most unequal country in the world the spread between the top club the krauts and everybody else is now the widest it's any country in

the world boris johnson david cameron george osborne have managed to create the most unequal society of the past fifty to sixty years in the post world war two era people are understanding they're waking up to the fact that austerity is nonsense it's just a way to confiscate wealth quantitative easing as a way to confiscate wealth negative interest rates a way to confiscate wealth now the people have their own water cannons their own water weaponry and we need a we need a vigilantes now water vigilantes to surround boris where every goes in public he's in the office he's at home he's over on one of his boris bikes make sure he gets doused with water let the people you're all wet because the water cannons will not stand they will not abide we not about this go down this would award for the summer twenty fourteen. now of course you were talking about all the confiscation of wealth that's been happening and one of the things that i've noticed that's been happening as we keep on hitting all new time highs we've hit nine or ten all time new highs on the dow day after day and. one of the things that's driving that is

the buy back so you mentioned in your opening there the individuals themselves who run the companies get paid they don't care if they're overpaying they're not seeking to buy cheap and sell high they're seeking to buy high because their own bonuses are tied to how much their shares are trading for earnings are collapsing corporations are earnings are collapsing with it peak earnings just like we hit peak oil we hit peak earnings their stock prices are moving up because they can borrow money from the fed at zero and buy back their own stock which jacks up the price of options that pay themselves bonuses tied to the options again it's massive while the confiscation engineered by the likes of mark carney who is along with the other central bankers the world engineering this global mel wealth transference this confiscation this this this is jihad this mentality this market fundamentalism informed by a warped sense of misreading of adam smith they are going out there and they're just basically shake and grab and rattle and roll and snatch everyone's wealth

right from under their noses and the water army will retaliate this summer we're buying our own well water cannons start join dot com you can help participate in the crowd fund to buy the people's water cannon we need a swarm of water weaponry to surround boris johnson he won't be dry a single day once just can't think it started i mean i know going through the look you know of course is down there at the pub i'm talking about he won't be you know the precipitation will be in his face daily well it has been the rainiest two hundred year in two hundred fifty years so most people are usually wet in this city anyway we might not notice it but you talk about the profit so i want to go to a headline in the financial news right now and that is three reasons the dow doesn't deserve to be at seventeen thousand first of all of course nobody is buying we talked about that other than the c.e.o.'s themselves and the companies they're doing share buybacks but you mention that corporate earnings corporate earnings are flat the bureau of economic analysis reports. that is measure of corporate profits

declined by nine point eight percent in the first quarter market analyst an advisor doug short noted last week that the market is overvalued in the range of fifty one percent to eighty five percent when measured by price to earnings ratios and the lesser known q. ratio also last week goldman sachs analyst publisher report that concluded quote in just one quarter profit margins dropped from ten percent to eight point seven percent of gross national product so the trend is down profits are collapsing and yet the markets are rising of course because the guys at the top know their water tanks are going to be needed soon they need their bugout cache to fly the heck out of the city and escape somewhere safe right the markets earning eyes but the debts and never had higher have never had higher levels and the u.k. is now you know in osborne they had a five hundred billion pounds of debt the u.k. is down close to one point five trillion pounds in debt it's heading to two point

five trillion pounds in debt all the so-called growth is going to finance on a credit card that charges zero percent interest rate until the global community realizes that the british pound is overvalued that the british gilt markets overvalued they dump those guilds as part of the realignment of all the power moving from west to russia china iran and they have a massive market meltdown in the bond market everyone's interest rates goes up by five hundred basis points markets close by fifty percent and all those debts at the come due the debt still magically disappear because mary poppins boris johnson puts gets on his broomstick and flies around and says he did still do you still we've got to keep this guy perpetually under water the water wars are here boris you're never going to see a dry day so well you mentioned the fact of debt the other thing is and we're going to cut to a chart here or if i can't find it you're just going to see me doing this the markets have gone up in montreal court i'm on a date number seven. see well the debt the

dow has gone up but margin debt has gone up even higher so that's not an all time high that's at the highs of like two thousand and also two thousand and seven so that's also debt that is to be factored into the equation of margin debt the money borrowed to speculate all time high indebtedness of the country all time high indebtedness of the household all time and the u.k. is now trading it over ten times debt to g.d.p. when you add up all the debt that's higher now in the u.k. than it was iceland before iceland collapses or boris never says because he's an inveterate misrepresent or of the facts you know he just takes care of his hair all day but he basically is sending the people down to the bottom of davy jones' locker but before that can happen i'm going to keep him from chile in a bridge in the repast story of the people and add that of course when we went looking for this week we said that we want to bourse johnson looking wig and the woman who is i think

a lot and she said that's very unusual here i used to have that color when i used bad hair dye so it's i think he has a bad hair day. well says cherice yellow which is the result of trickle down economics just as george osborne with us to get together so the other reason why market watch is saying that the dow doesn't deserve to be at seventeen thousand is a lack of alternatives ultimately today's bull market seems to be driven by a lack of alternatives what it lacks in enthusiasm it is making up for in gains as shorts market valuation analysis shows it's not a bad thing that this confidence on the flip side markets cannot sustain such overvaluation without a significant change in the economy and economic growth rates g.d.p. contracted at a one percent annual rate in the first quarter don't support the buying so the government and the too big to fail banks have removed all alternatives to you but to go into the market because at least their looks. like it's there are

some gains that you might possibly have in order to compensate for the collapse in your income and the coming water cannon burst at your face right the alternatives being some vehicle where and by getting a savings rate that's at least equal to inflation but they've removed all the available savings programs by forcing interest rates to zero so people are getting in negative returns on their savings and without capital you cannot have capitalism and boris johnson is not a capitalist he's a hard dyed in the wool communist socialist kleptocrat who supports cameron osborne who come from a similar economic school of let's create economic oppression take all the money from everybody and give it to our friends flying in from overseas to buy london property at three hundred year for under five hundred thousand year highs and of course the g.d.p. declined by one percent in the first quarter goldman sachs looking back has said it's actually one point eight percent according to their numbers you have also the

fact that al qaeda now owns the iraqi oil fields and mosul and we're going to have tight on the london stock exchange boris i mean if you are an honest guy you would just take all kind of public on the london stock exchange but of course you don't believe that you're actually in bed with al-qaeda when we all know that you are frick and duplicitous nightmarish hairstyle challenges tunk slash through it our states are going to go see a lot of things all right states over the second half oh a lot more. people are going to be. more. like. you think everybody.

no no no no well. my. wife would. say to. these cases. sometimes for nothing. it's not just a good story you'll be shocked if you see the stage. to be. but speech was. in the words of mary operandi just a face full of water makes the austerity go down yesterday go down down balance balance and buybacks and banks are feathering their now so no time to rest while

the plundering your pensions are scrapings and well yes rotten theft. and bust but just like they stole water banks downstairs to go down. debating american foreign policy is there one any more traditionally the political left and right and clearly different positions on how washington should exert power in the world today it appears everyone in the establishment is a hawk. i know c.n.n. the m s m b c news have taken some lots lately but the fact is i admire their commitment to cover all sides of the story just in case one of them happens to be accurate. that was funny but it's closer to the truth and might think. i'm good it's because one whole attention in the mainstream media works side by side the joke is actually on here. coming from.

i don't or teen years we have a different approach. because the news of the world just is not this funny i'm not laughing dammit i'm not how. you guys talk to the jokes will handle them. welcome back to the kaiser report imax keyser time now to turn to vivian norris director of obama mama a documentary film which just drain the international seattle film festival it's a fantastic documentary that tells a story of barack obama's mother and dunham an economic anthropologist an early advocate of micro finance vivian welcome to the kaiser report think you max well

obama said mother this is a topic people rarely talk about they don't talk about a very much and sort of on purpose for a while until he was reelected in fact very few people know anything about her and she was an amazing woman she was ahead of her time in many many ways and i would actually argue pretty much a pioneer one of the first pioneers of micro finance she was working as an anthropologist doing a ph d. in indonesia working in rural villages dealing a lot with some of the poorest of the poor and then she went on to work with women's world banking the ford foundation and they implemented some some of the early micro so it is an economic out apologists or is a she was an anthropologist the economic anthropology came about because she was dealing so much with with the impoverished people so what she did was she went into these villages and also into households what a lot of people don't understand is that a lot of our maker micro and macro economic theory was based on the household as a unit and in my film i have susan davis who's worked with microcredit for

a long time who talks about how it took women and feminists to go into those households and see how the resources were allocated within the household to actually understand where funds and help was really needed and that's why they also focused a lot on women in terms of micro credit ok so micro credit a micro finance just a bit over review here this is the ability for. low income poverty income people to borrow very small amounts of money. which have a huge impact on their lives and to pay back this these funds over time just like any loan but it has an incredible multiplying effect so if one family or one woman can buy a goat for even twenty pounds and borrow twenty pounds which doesn't sound like a lot but if you can buy a goat and that goat has a multiplying effect because it's giving milk and you can then breed goats and it creates more goats so is that generally the idea that's the idea and the other thing that's very interesting that you mention goats also cows they do it with

a lot is that there's a quote in the film that says that most women prior to having access to this kind of credit they were worth less than a goat or a cow in terms of their existence their role in the family in the community once they're able to get loans their rules changed and become much more powerful person in point because you're talking about societies in that part of the world of course we have a lot of muslim communities in muslim countries where women's rights are still in their nasty and stage is there any conflict in terms of these micro finance products suddenly empowering women in ways that maybe challenge society well it's all over the world so it's not just in countries. that are primarily muslim but it's interesting there's a story of muhammad yunus who won the nobel peace prize with the grameen bank in two thousand and six going into villages and actually asking the women to ask the leaders the spiritual leaders to talk to him and so he actually had a back and forth with them to make sure they were comfortable with it he also

started his grameen bank by loaning first to widows so they didn't have a husband in that case they may have an elder son but they didn't have a husband who told was telling them they could not do this and once the other women saw these women doing well they're like i want that too and they would actually convince the spiritual leaders in their villages to to accept this but it's all over the world now it's in the united states as well and what's interesting is one of the people who brought microcredit to the united states is someone who. you might be surprised who that is it was hillary clinton she heard about mohammad yunus and what he was doing in bangladesh and she actually brought him to arkansas to talk about poverty in rural arkansas and that's also talked about in the in the film so there's this link actually because barack obama's mother when she was working for women's world banking they helped put together the first international conference on women in credit along with the u.n. and that was in beijing in one thousand nine hundred five that's the last thing she

did before she passed away was work worked on that conference and who did they invite as the keynote speaker to that conference to speak on stage along with muhammad yunus and others who had helped start microcredit hillary clinton ok so. obviously barack obama's parents you know it's a hugely interesting topic it's a controversial topic and in the united states you know people have gone so far as to suggest that barack obama was even born in the united states and that's completely absurd actually what happened was barack obama's father was offered a scholarship to study at harvard after studying at the university of hawaii where he met. mother and dunham and they literally he didn't have enough money to bring her family along with him he didn't have much money at all as a foreign exchange student and that's also discussed in the film i don't get into the conspiracy but there it is an intriguing relationship because it's his parents are unlike probably any other parents of any other president of states they've got

this huge international exposure and dunham is clearly not your typical. female role model she's breaking ground in all kinds of things like micro finance she she marries barack obama's father so it's a mixed marriage which is unusual it was actually illegal in some states and knighted states at that time and and she married him about seven years before the film guess who's coming to dinner came out which actually came out the same year it became legal in all states right right the famous film. starring sidney potts yes. he's breaking ground there with a mixed marriage staff another name that comes into this is her relation and dunham her relationship to tim geithner's father peter geitner yeah he would have been a charge of the ford foundation asia grants department did they know each other what was she doing for the foundation well she worked for the ford foundation for a while she worked for other organizations like women's world banking and usaid and other places. tim geithner's father was was head of the whole program in asia they

didn't they were not in direct contact at all in fact one of the things that people often talk about is the fact that barack obama was sent back to hawaii to go to school and live with his grandparents for a while and that's because in the level where and dunham was working she wasn't making enough money in the early days to actually send her child to the international school in indonesia which is where ted i know went so she sent her child back home when he when he got a scholarship to go to the best school in hawaii then what's the status of grameen bank now which was eunice's creation and then like a fool i think the most important thing to say about muhammad yunus and the grameen bank for which i have a huge amount of respect is that if you go away from this original idea of having the borrowers own the bank and be in control of that bank the women borrowers own grameen you eunice was not you know the person who owned the bank he just was running it for the women who were the board members and all of that and they won

the nobel peace prize along with him is if you take it away and you just have say wealthy people making loans to the poorest of the poor now there's nothing wrong with making loans to someone who's you know the next michael michael dell in their area of the world but if these are the poorest of the poor mohammad yunus basically argues for the point that we should not be making profits off the poorest of the poor and now he's focusing on social business right so if i got to grameen bank mohammad yunus is creation. it has to some degree been co-opted by outsiders by predatory bankers who somewhat undermined the original that was it was sort of nationalized when the government took it over and he's expressed some frustration yeah he's expressed some frustration but he's mostly done as decided to focus on what he can do which is social business he sure sure but let me let me just jump in there for a second because the film sounds very empowering for women ok and for everybody i think any young adult definitely you've got some high powered women there and done a president mother the president states you've got hillary clinton involved but

when you add in the tim geithner's father connection the ford foundation and these other groups something starts to get shady oh now there's nothing she in fact i have a great quote from and i don't mean what i mean dismissive like this. is extraordinarily shady given the fact that these people are involved currently in massive scandals tim geithner's of all that amassed yeah but and but that's looked at as a skit walking scandal those are very very very distant links i'm just saying that at the time the if i tend to focus on the positive and what can actually be done to help the poor that's what president obama's mother was doing she was focusing on helping the poorest of the poor and all of the interviews i have with people who worked with her in different places and knew her she was like that from a very young age she really embodies to me the the ideal of what you can do that's positive if you grow up in a country where you do have access to a good education you do have access what i think the question people should ask

when they see this film is. all of these changes we fought for women's rights civil rights voting rights helping others the positive things that united states was known for some of those things are slipping away or have slipped away and we need to focus on rebuilding those things so when i showed the film to seniors in high school they could really identify with you know the kinds of things she was involved with early on in the sixty's and that's something that i think we're seeing now the if president obama when he was. no a piece where i said if i ever deserve this one day today or one day in the future it will be due to what my mother instilled in me and the positive things so i'm going to focus on that machine was helping poor people every day. thanks says he something for people as well and yet somehow during his away the treasury secretary one hundred million americans throw it back into poverty thanks to tim geithner i think a lot of it came on the bailouts the austerity i think criminal activity call what

it is he's a massive serial criminal in the banking sector and we really need to look at the history of how things change from from reagan onward if you want to go into that and i think that they were left with a huge mess to clean up you know i grew up in texas i think that may have been done on purpose and that they've spent most of most of president obama's presidency focusing on having to clean up the mess that was left for them now finally we're seeing the things that he's being able to put into place that i think you would have done at the very beginning that actually help it help students helping with their debt helping you know health care he dedicated the health care to his mother because she died fighting with insurance companies because she didn't have full insurance i think that we need to focus on the positive i think it's a shame that they were left with such a mess to clean up i'm not going to get into the specifics of geithner i think that we're very lucky to have such an intelligent president and i think a lot of it comes from what his mother taught him right just on the student debt area of course this is another trillion dollar bubble that's been created under

obama directly was rated under obama invented it started under reagan and not the student debt the various other neoliberal catastrophes should be the will to reagan but clearly a bomb a student debt is obama's bubble so and i'm not sure how we just i don't know i saw the i saw first of all the price of public education in public universities and things like that going up way before obama ever became you know became president i think there still is certainly with inflation but he created a trillion dollars. bubble that's about to explode and guys like geithner cashen there are a lot of people who've cashed in on a lot of things i think if you look at who president obama is and how he was so on once a film to be available how can i say this i'm talking to distributors and sales agents right now and we're hoping also to have a fifty two minute version for television maybe the longer a three minute version will play on television as well possibly some cinematic distribution but it's a fascinating film because in a lot of places where i went to talk about her they said of course it was his

mother who influenced him yeah but i'm saying that like a very good way that doesn't look there's a big story and it's the best in what he's done and what he's doing and what he's about yet like setting and. killing people with drones i mean the guy is not a positive guy like if you want to get out of that stuff but we got to i'll take this up on others ok all right that's it for this edition of the kaiser report with me max keiser stacy everett i'd like to thank my guests vivian norris director of obama mama if you like to get in touch tweet us a kaiser report and select by oh. there's a new immigrant who's worth i've got a polygamous family i'm looking for a woman who understands me anyway and i want her to share my goal of saving our people from extinction of those who. had to found marriage and she

said one you can change how i to teach what's make them smarter have decided to find a man to marry as. we want to know women who could say you kids together with. your money dream is to have let's say thirty to forty this was going to do that with only one wife so it's impossible to. country history of yugoslavia is formation as a prosperous and peaceful country it was considerate to be a success story of market socialism and in many regards it was the most developed on. whom was this teacher of democracy and market economy if any republic in yugoslavia wanted for the us a it would have to break

away from yugoslavia and declared its independence ok it's not a conspiracy theory it's not my speculation it's not my analysis it's the public. and punished harshly for every slight to let some unlearnt the serbs started this war the serbs really original cause of the war they are the complete aggressors and wrongdoers. mom confident. that. bombs will. bomb all of the top two kitchens six of them knew its own so best. to go assist and the multi-ethnic society to live in harmony and joe not. what was forgotten to be told feel about yugoslavia the weight of chains.

in genetics but eugenics vulgarized darwin science punishment for an uncommitted crying i was sterilised from them for believing in eighty feebleminded still today for the few i don't know why. but i still don't know why genetic improvement through forced sterilization the basis for nazi ideology don't stop at just sterilizing and now go to the point of death. for years rarely discussed. till now i'd really rather not talk about that right. i think. for.

now and. what if. like. the radicals in kiev attacked the russian embassy damaging cars and vandalizing the building while the ukrainian police reportedly stand by and watch. and to government forces in eastern ukraine meantime of military transport plane carrying weapons and troops all forty nine on board the plane would kill. terrorists who are now in control of iraq's north reportedly plan to form a new government in the region on sunday as the country resorts to call the all volunteer fighters now to drive out the rhetoric. and from surveillance to nuclear warheads this hour we look at fears that britons have a closer ties with the us.