as a new physician i swear to abide by the hippocratic oath. to the best of my ability and judgment. i will prescribe for the good of my patients. i will not give deadly doses to anybody. or advise others to do so. i will never do harm to the. doctors of the docs. not to. your friend posts a photo from a vacation you can't afford. a different. the boss repeats the same old joke of course. the ex-girlfriend still tends to

rejection poetry keep. ignoring. what really matters. to your facebook news feed. welcome to the kaiser report imax kaiser you know general macarthur once said americans never quit that was when there was something worth fighting for before fraud was the only way of life posed a gold standard abandonment and bankruptcy before the population grew morbidly obese down in bargain cans of processed food bought at the company's store wal-mart where their food stamps what the furthest before the arrows were filled with patriotic scoundrels demanding perpetual war which can never be funded by

a low wage high food stamp economy now those americans who are abandoning ship like never before. yes max we've heard repeatedly of these americans who are fleeing america citizenship but also corporations now american corporations are fleeing at the fastest rate after the rush of firms fleeing america for tax reasons set to continue america is a land of immigrants but some of the biggest companies are keen to emigrate different abroad by high tax rates and america's worldwide system of taxation which grabs a share of their corporate profits the preferred method of exit is the tax inversion which eases a cross border merger generally one that also has some sort of industrial logic as a pretext for incorporating in a more tax friendly place the biggest firms to do this are health care and energy firms right right right right some some some kind of commercial logic attached to

it they try to cloak what is obviously a tax dodge under some kind of commercial logic of course there was two major drug companies here in the u.k. involved u.s. u.k. involved recently pfizer nasser's anak i am fives are the male imposed drug manufacturer erectile disfunction thats it. and astra zeneca yes who was the suitor who was the. obviously pfizer is an american corporation astra zeneca is a british corporation so pfizer's was seeking because there are like the queen yeah and pfizer was like that ma'am so they've got the erectile dysfunction drug going after the queen and they're running around buck house and the queen saying no no put that thing back in your trousers we're not going to allow those tax avoidance merger although i don't know why she would be against it did she just plop four million pounds into the coffers of her little child. acquisition of some estate near blackouts. that you think she'd be all for this horrible concatenation

of fraud well the british are very much for it they say aspirant li want to they really want this american money the problem is the united states congress the senate the president are trying to stop these deals because these guys are fleeing the thirty five percent tax deal now of course the likes of goldman sachs and g.e. they could set up shell companies easily to hide cash in their derivatives in their contracts like that but if these companies like energy and pfizer's and pharmaceuticals which sell real goods to overseas a lot that's where most of their profits are coming from but they can't send it back into america without incurring a thirty five percent tax rate which is you know the barrier to entry they're the ones that created this high tax rate in american corporate taxes in order to prevent any competition from emerging but over in the u.k. it's only like nineteen percent and in ireland another preferred location for these

deals is fifteen percent right was the same situation with apple computer they one hundred billion hundred forty billion dollars in cash from selling their products overseas but they don't want to repatriate that cash they want to bring that cash into america they want to pay the taxes on the money that they made on the profits that they've made so this is a tax dodge. deal the inversion deal where you've got a merger of these huge corporations purely to create a tax dodge so that when that wasn't my point is that when i say that there is a commercial justification a veil of commercial justification that's false there is no commercial justification for this. by reducing competition in the drug industry doesn't help the drug industry it's it's commercially a big big sour note it's not a commercial choice it's purely a tax job yes it's purely a tax dodge there's no other reason for it. they also look at a deal in particular that's going on at the moment medtronic an american firm is

trying to merge with the irish firm called covidien and in order to reduce their tax burden and they said that many are trying to cause borrowed heavily at home rather than repatriate foreign earnings and trigger extra tax payments to finance share buybacks and dividends with this deal it can use its foreign cash both to reduce its debt and to finance the acquisition itself engaging in quote hopscotch transactions that funnel cash from non american subsidiaries to the irish holding company missing out the american layers so they want to avoid all the american players but you know the thing is you look at these sort of companies that get to do this whereby they're all they're also using the might of the american military to extract the likes of t. tip and t p p all these trade deals which benefit them they don't want to pay the taxes for the military that forces all these countries to sign these deals it's the chump that you is on food stamps going to wal-mart is the one cheering on the

scoundrels on fox news and their patriotism and saying yes let's do all these deals but they don't want to actually pay the taxes to pay for all of that facade right well the joke was made recently in the political circles in america some politician saying that the he wasn't aware that apple was an irish company you know being but their headquarters is in. isn't ireland for the same tax dodge reason so they have slave labor in china they pay taxes in ireland they get underwritten by the copyright cartel of america backed up by the american pentagon that's globalization and if you're on the right side of the apartheid wall of globalization interest rate apart apartheid then you get unlimited funds unlimited profits with zero risk if you're on the other side you get abused and bombed and droned and this is the american system and people as you point out in your headline are not only working for corporations that are outsourcing their tax liabilities to low tax regimes but

americans themselves are expatriating their leaving their abandoning their passports in record numbers they try to get out of the hell that exist between canada and mexico before that just blows up in a ball of flames and big macs no i might also add that to the top locations are ireland but also the united kingdom and you how many times have you heard american corporations shriek on the likes of fox news saying that if america raises their minimum wage we're going have to abandon this country well the american minimum wage is seven dollars and twenty five cents an hour what is the minimum wage here well it's the equivalent of ten dollars and thirty one cents an hour so fifty percent more there yet they're still coming here so what's that about well it's a victimizing and scapegoating people who work for a living if you are someone who works for a wage you're considered a terrorist now in america and that's through the terrorists are people who work because you don't need their tax money anymore because you can just print money so the three trillion dollars that was collected by the government last year america

is a peanut sized amount of money compared to the four to five hundred trillion dollars i was simply printed by the global banking system to bail out zombie banks so you don't need people to pay taxes just like in saudi arabia they don't need people to pay tax in saudi arabia they just pump more oil and sell it on global market. the federal reserve bank just pumps more cash and they use it for trade on the world market in ways that benefit a very very very small minority of people in the united states they don't major jobs that are major tax and if they if the message from barack obama jewish population as do it's all favor go yourself you also talk about printing money now we talked recently about the fact that twenty nine trillion dollars of stock market equities are owned by central banks now and apparently the biggest buyer of them is china now ellen brown looked at this and this is an interesting take on what is going on in the global markets right now buying up the planet out of control

central banks on a corporate buying spree so central banks have the power to create national currencies with accounting entries and they are traditionally very secretive we are not allowed to peer into their books it took a major lawsuit by reuters and a congressional investigation to get the fed to reveal the sixteen plus trillion dollars in loans to made to bail out giant banks and corporations after two thousand and eight but she asked what is to stop a foreign bank from simply printing its own currency and then trading it on the currency markets for dollars to be invested in the u.s. stock market or u.s. real estate market or the u.k. real estate market as we always point out right behind us all these properties being bought by china and she's reckoning this is what's going on they're playing america. at their own game but much cleverer they're doing a better game of chess here and they're just printing out money and buying up all the assets over here and the same way. china becomes a global version of carl icahn the corporate raider so it's a hostile raid of american assets there are a bear hug you know as as

a says you know and you know there's a famous saying in china no ticky no surety. which anyone has ever lived in new york and taken their clothes to a dry cleaners know this famous phrase no ticky no surety so what china doing is they are flooding the world with. receipts and claims of phantom money of money and in exchange for taking all the shirts so it's way on all the chickies we own all the sureties drop dead. well the other thing i was suspecting i came up with this idea that you know we've we've seen that they love the likes of queen tao the giant port city in china has shut down the port because they can't find out who actually owns the aluminum or alan many a more copper that and i reckon that all these properties here are being bought using the same collateral of that aluminum or copper there because you know in china they clamp down on using your property as leverage so instead people went to metals so people were buying up that they claim they were buying up aluminum and

copper but i reckon it's the same exact is just one tonne of aluminum just one ton backing it as the collateral for all of these properties those bought in cash and of course when they're buying these one million pound two million pound properties or ten million pound properties they get a passport with it so they're like the these guys are again clever genius playing it at their own fraud games here well that's the issue of repetition we talk about in london that they can sell the same bond an infinite number of times to float this ponzi scheme george osborne's debt ponzi scheme and of course the u.k. is now the most indebted of the industrialized countries in the world ten times g.d.p. to debt. so the chinese are using the same cation fraud but not with a paper asset like a bomb they're using a warehouse full of aluminum that doesn't exist except for a couple of crickets bonking in the corner there is an aluminum in the warehouse and it's all ticky and no surety yeah it is like

a counterfeit re hypothecation they're famous for counterfeiting you know that american goods are french luxury goods or italian luxury goods and this is like counterfeiting their fraud and order to actually get real assets over here which is i think pretty remarkable right so the buildings here in london that are being bought by chinese are being paid for by money that's been collateralized by a warehouse full of cricket droppings yet well and then this and of course the real estate market is imploding in china so they're going to get a massive margin call people's bank of china massive margin call and to pay that margin call they're going to call up let's say fannie mae or freddie mac. or the s. and p. five hundred say we'd like you to send over the state of iowa please meet our margin call our imploding real estate market or send over the state of california and barack obama will be like changing following jiang zemin bundle which means no dick you know surety all right well we've got to go stacy thanks so much thank you stay

tuned for the second half a whole lot more. stories we cover here we're not going to hear any other big story line there's a reason they don't want to. now let's break the set. i'm marinated in the financial world. dr who seems to moments i mean it's time to only take in the demand to produce enough good to get any economic benefit in life they're on and they're off. right on the scene. first for you and i think you're.

on our reporters. in. the in the. welcome back to the kaiser report imax kaiser time now to turn to ronnie mo asked of standpoint research dot com and now philanthropy and philosophy dot com running welcome in person to the kaiser report thank you for having the right this is fantastic opportunity for us we have a lot to talk about the first thing i want to mention that is as a stock down a list even shooting the lights out for the sense two thousand and eight if that over four hundred to four hundred stock picks and there being the s. and p. by five hundred basis points and your peak beating your peer group in many cases by

twenty percent so you are a gifted stop picker and you're absolutely number one as a stock picker and as a result you are enabling lots of money to be made but but now you're taking it you're trying to change gears or you want to do something with that money you've got to eat you what what exactly how do we describe this because this is your get this stock picker usually that's enough but in your case got to be something more talk about you know what happened is. there was such a focus on wall street on how much money these companies are making and nobody ever asked how they were making the money and in the last year i started really analyzing what these companies actually do to turn a profit and i just got sick to my stomach i blacklisted apple and amazon and starbucks and wal-mart and the yahoo and philip morris and c.v.s.

and each story was more noisy adding than the next one and i've been in more than fifty countries on six different continents this is my last stop right now on the fifty thousand kilometer trip that i did during the last four weeks eight different countries and a lot of what i see in america i do not see in other countries that i'm traveling so you can blacklist the mining companies you can mount blacklist the consumer staples companies you can blacklist the consumer discretionary companies i'm really having trouble right now finding a company and an industry that is clean so you have you have appliances money people and pension funds etc they're buying your research and they manage money and so what's been the response the client base i think this is they were a little bit on the easy nobody on wall street as of a spoke in the way i'm speaking i am hell bent on cutting the gap between rich and poor worldwide and i'm using a different approach speaking nicely to the people at the top has gotten the poor

and those speaking on their behalf absolutely nowhere for centuries and i'm deciding to take a different approach which was humiliating the upper class telling them exactly what i think about them and educating the public as to what is really going on right now you take starbucks for example the market cap is fifty five billion dollars most of that money is in the pockets of wealthy multimillionaire and billionaire shareholders fifty five billion dollars and the bean pickers in the coffee fields are getting four die. as a day the situation with amazon wal-mart apple is just as bad if not worse i don't even want to go into what philip morris is doing in order to turn them profit every quarter of it now this way you talk about it's not obviously it's not new there's a whole movement called corporate social responsibility to spend out about for for many years and it's growing in importance in our funds dedicated to corporate

social responsibility and then you always hear the riposte that wells you know well you know milton friedman said that the only responsibility for a company is to make money it's not to be quote unquote good and there's the dynamic so. how are our you different than let's say corporate social responsibility efforts first of all i don't really look that closely at what other socially responsible organizations are doing i'm doing my own thing as far as milton friedman goes i've heard all of the arguments from the right and none of them make sense to me this trickle down theory of the free markets theory i think it's a stolen a lot of hogwash and excuses on how they can justify what they have and there is no just way to justify what they have from what i've seen in my travels around the world the people working the hardest and adding the most value to society are the ones living below the poverty line and we just have the whole pay scale here

twisted and it needs to be adjusted i'm not a communist i'm not a socialist but i think that the pie is not being split up fairly when we take from the poor and give to the rich that's fine with the upper class the minute i talk about having a more fair distribution i'm a communist and a marxist i just want people to be treated fairly nobody working forty hours a week should be anywhere near a poverty line and i don't care what country they're living in and we could wipe out poverty very very easily not just in the united states but in the other western countries and around the world if people would spend just. and money on what they need to be a little bit more philanthropic and just have red lines in the sand that they're drawing with regards to what level they're willing to stoop to in order to turn an extra dollar of profit for shareholders that in many cases don't even need the extra money let's talk about this in terms of being purely on a stock picking side because this is how you approach this you're looking at it as

an analyst and obviously the best analysts on wall street right now you're number one if you look at your track record since two thousand and eight you are you know again to use a oft used phrase shooting the lights out on the analytical side of the business when you talk about a starbucks or you talk about a cigarette company i mean the term that an analyst use is risk these companies are you're identifying risks to society but actually the risks to these companies to their balance sheets so that risk has a dollar of value to it doesn't it so you doesn't your report if you come out with a report on starbucks stocks fifty two billion market cap and i don't know the stock prices currently but we're saying is that there is x. dollars per share of unrealized social dissent risk is that correct yes the problem is it's going to take many years before that is realized in other words if you want to short these companies bubbles though there might be some

social backlash now that we have you know up until twenty thirty years ago the poor people had no voice now they have a voice and it's through people like myself and through their own personal use of the internet and you know in theory you could say ok i'm going to short these companies because i think eventual the public is going to turn against them they don't you know i'm having with this you know as we've talked about a little bit we on this show we've we've talked about this for a number of years i've had a campaign here in the u.k. with both zac goldsmith and ben goldsmith about monetizing the dissent and getting people. involved in other words of starbucks is this company that has this unrealized social dissent on its books kept the public. by simply pointing that out and you do mention boycotts as well on your website if they were to boycott a starbucks with the goal of knocking x. number of revenues off the top line and therefore the stock price would get hit so

isn't that a good way to marry this social networking that you just talked about people are now aware of what's going on with your work as an analyst and then capturing that. say you know taking a step further capturing that that realized a set risk with a short sale so how is that not a good idea but my but my question is can't you and can't you get the public involved in involved in a way that they're not putting up any money they're putting up a boycott which is a free risk list and cheap way and no cost way to fight back you know are you will spend the rest of my life driving traffic to this new website in the hopes i can get people to start being more discriminating in who they spend their money with the problem is i can't get my message to the masses so easily because the large networks in america if it's a.b.c. c.b.s. n.b.c. will not let me speak the way i'm speaking to you because someone attacking their

corporate sponsors that are paying for the advertising time on their network let me jump in here with my response to what you've just said because as i've just said we've been active trying to push a campaign like this for years and when i went to the head twenty meter they said great show us a short sale because you're going to deliver some top line revenue depletion with a huge boycott maybe as coca-cola maybe at starbucks but one of the activists like greenpeace and others they said we don't want to do with this because if we associate ourselves with wall street in any way with finance in any way the average don't. later the five dollars that we rely on will be turned off and it'll be it'll kill our fund raising efforts because there's a goal against wall street if they mention that they're using some kind of hedge fund or a short sale to attack a company that's doing wrong the perception from their supporters would be that they've somehow flip sides and joined the bad guys so how do you fight that

illiteracy financial illiteracy would you mentioned in my previous interview with you maybe there's a way to get around that by saying that the money you make in the hedge fund will go to the people that are being on devalued under appreciated and under paid by society exactly so if let's say who's the biggest victim look at starbucks you've got victims and the third world you don't get the the benefit of the trademark on those coffee beans and the other aspect the intellectual property the coffee beans they don't get the they're not sign the finished product at the coffee beans they're getting hugely undervalued for their coffee beans so let's say there's a group in that area maybe it's brazil or somewhere else and this fund if you marry the boycott with a short sale and the idea is if you capture again we're going to channel it to that group isn't that using capitalism in a way that and wall street friendly way to reverse the flow of abuse it would be unbelievable but the people that have given you the money to run the hedge fund are going to have to forfeit profits so not necessarily because they're making money on

the short sell and it's a competitive trade in other words as they are now introducing this type of arrangement of a trade that is not correlating so anything else so you wouldn't be giving all the profits to the people that have been on devalued that we're talking about you would be splitting it up that's when them and the people that put the money into the fund it's a it's a fantastic idea but we need to get this out to the masses and that's what you have on the you've got the the the chops on wall street you're the stockbroker extraordinary not just some guy who has a mild interest in stocks you are the babe ruth of stock picker. you know at the moment i mean that changes every decade there's a someone rises up and it's like my god this guy has got the hottest band in the world and you are that guy so you know again i should you know drop these names ben goals with zac goldsmith these are children of billionaire jimmy goldsmith who made his bones on wall street doing this type of thing so putting it all together it could potentially create this what we call it the karma bank hedge fund and

channeling money grabbing the short sale splitting it with the investors and as you point is that was something like that your side philanthropy and philosophy does it fit in with the ethos of that absolutely what i'm trying to do is i'm still in the stock market because i love what i do it's it's i love the competition and being able to smart enough to form all of these firms that rejected my resume twenty years ago and what i'm doing is with the money that i'm helping people make with stem point research i'm telling them where i would like to see some of that money go and that's why on the new website philanthropies and philosophy dot com i'm giving them the names of twenty four of the most highly regarded highly efficient highly transparent and on this charities in the world and you have all the options there whether it's animal shelters cancer research education hunger in africa and everything in between but ok but they mentally that's a bit of

a passive approach because you're suggesting that they make that done ation as opposed to tapping into those animal spirits and saying grab the shorts as what you got about it at a time actually but can you stay for another segment absolutely ok that's great. stay for another segment and that's going to do it for this edition of the kaiser report with me max kaiser stacy herbert and i thank our guests our e-mail as a philanthropy and philosophy dot com if you'd like to get in touch tweet us a kaiser report until next time by oh. seems that the european dream that is going to be offered to the friday isn't so inspiring for the europeans themselves how do you explain that how they claim this rise in the euro skepticism yes we are going so on about. this current stock car much more about and you are skeptical what the it is on these systems they are

against gays what is the the system today this causes many different circumstances. will lead to the. city still can just spend over the same billion euros of culture that says to each one g.p. two million degrees become tokomaru still to sell something peaceful to france the trouble in situ so. we've. covered. his name was joseph goebbels he was nazi germany's minister of propaganda the myths that he created exist to this day.

use google's propaganda was posing actually trying to denigrate other nations while at the same time raising ordinary german so students would. keep its use of goebbels news precisely what the masses needed to hear in order to make them follow him he was like the pied piper from the fairy tale who made the rats fall to the tune of his plight. the myths created by the chief nazi ideologist bound for tolstoy in the west we have to fight these myths today in memory of those who won in the second world war. two least be cool language. programs in arabic it's we'll hear. from the world talks about six of the c.o.r.p. interviews intriguing story to tell you. in troy

arabic to find out more visit arabic. coming up on arts here a new report reveals a startling trend for local police departments from heavily armed swat teams and military vehicles the nation's police force has become more militarized more on this trend just ahead. and in iraq remains a country divided by sectarian clashes government forces battle isis militants with surrounding nations worried about an expanding conflict a report on the violence from the inside of the country coming up. and the white house considers more sanctions against russia over the ukraine crisis but some companies are fighting back.