this is what we do we kill people and break things. we can see something if simple as people playing a soccer game we can see individual players and if you see the ball. i can almost see is facial expression you can only see is a mouth open and crying out. maybe cursed earth or maybe he asked. for forgiveness for. there must be near certainty that no civilians will be killed or injured.

welcome to the kaiser report imax kaiser oh what a tangled but oh so profitable web we weave when first we practice to do c. of state is c max now first of all there are so many different layers of deception around the world that many people are so confused about everything so i'm going to start with our last story which we're going to build up to win something that you were right nobody out there many people in the comments have keep on getting this wrong last max you predicted that there was going to be a bond collapse and twenty thirteen where was it well from the bank of international settlements on sunday issued their eighty fourth annual report and in it they say according to zero heads tweet that twenty thirteen bond market selloff generated a larger aggregate lost in both dollars and g.d.p. terms than did the nine hundred ninety four in two thousand and three episodes so

the two thousand and thirteen one cause just in the u.s. treasury bond market two point five percent of g.d.p. compared to the one thousand nine hundred four one of two percent that's april of two thousand and thirteen was a bond apocalypse as i had predicted a year before the alex jones show i made it in no uncertain terms there would be a bond collapse within a year and i identified april as the most likely year and that's exactly what happened but people choose to ignore the obvious and that's why these markets are getting so extended because people see what they want to see they don't realize how dangerous things are well that's what we're going to talk about here is these layers of deception compared to one thousand nine hundred twenty years prior there's just so many more layers of deception mostly probably needed by the central banks and governments themselves because remember at that time bill clinton said he want. to die and come back reborn as the bond market because it's so much power well we're going to start first with the underlying cause of all the deception

that's the banking system new york state sues barclays in dark pool fraud claim the lawsuit which relates to barclays elex liquidity cross dark pool alternative trading system alleges that the bank promised to get the best possible prices for customers looking to buy or sell shares but instead of took steps to maximize the bank's profits and executed nearly all of its customer stock orders on alex instead of an x. on exchanges or other venues that might have offered better prices so basically they invited clients to come and get a glossy prospectus said this is a predatory free dark pool well in fact they were giving high frequency traders access to all the data well this is what we say if there is no deterrence for banking fraud banking crimes then the bankers will repeat these crimes except more egregiously and they'll steal ever more amounts of money here's barclay's bank they were caught in the library scandal along with the bank of england so they brought

in a new c.e.o. . anthony jenkins who put in these big posters in the lobby of their canary wharf headquarters about their values you know the values that they were seeking and purse and the values that they were representing so under anthony jenkins now another scandal of pilfering larceny bank fraud securities fraud marketing fraud. commercial fraud. has erupted so here you have little tony jenkins. turns out there is no deterrent they bring in another jihad just man tony jenkins they put him in charge and he commits acts of financial terrorism allegedly and cameron i was more there fighting isis they're all concerned about isis and the new state that there could. what about canary wharf george osborne and tony jenkins are you doing anything new because you've got your thumb up you

strange playing polo though look real and prosecute the terrorist cameron or. just abdicate your role go to the queen and go play with the queen for a while because as a prime minister you suck so let's go back to this web of deception and why the for example the bond market even though it felt there was a greater aggregate loss than one thousand nine hundred we didn't notice it in one thousand nine hundred four you were very recently after the s. and l. crisis where eight hundred bankers went to jail they they have that still in their their fear in their own minds that they could actually be sent to jail back in one thousand nine hundred now as we see the articles about this barclay situation and being sued by eric schneiderman they turn in general new york suggest over and over well this could be bigger than life or and they they mention that the day after their live or a lawsuit the day after they were sued for libel or the day after they started to fix the gold market then a little bit because i told you when the libel or scandal hit that because there

was no penalties for committing fraud they would come up with a new scandal they shut down the libel or scandal they struck down the conduit to steal money from the general population is now suffering austerity they've come up with a new scandal so what have tony jenkins of the barclays boys come up with was during the dark pool scam i think i even mention the dark pool scam they create this for tissues dark pool they have high frequency traders and they're stealing still experience to look there's too many jenkins there is don't know jenkins i can't stop stealing allegedly so dark pools they say were originally created to allow investors to execute big trades without tipping off the market but ever larger volumes of trades have been shunted into dark pools and their critics say they opacity of the markets may be resulting in more and more investors getting ripped off so when first to practice to deceive this is what they originally i believe were intended to do they're claiming ignorance and pleading pleading innocence and it also comes. back to what happened since one thousand nine hundred four is that glass steagall was removed well this is the investment banking arm of barclays just

like the libel or rigging just like the gold fix reg and then you have the bank barclays used to be the banking side the institutional banking side was run by at the new tankers he was brought over to head up both sides after this crisis but so again you mentioned that you know they would end one fraud once we were looking at one fraud that was started another this dark pool is four years old well it's four years old so now that this is come to the people's attention to tony's gang of larcenous to bombs are going to come out and there's some new scam. but here's another key point stacey is that we have this global ponzi scheme that requires more cash flow to keep the ponzi going that's why the banks are almost encouraged they're being pushed into fraud i mean i mean you can say all you want about tony jenkins but to keep barclays from declaring insolvency because barclays is an insolvent institution they have the there's no equity there it's kept a lot of float as a zombie bank you have to go back to mark carney and the zero percent interest

rates that's why jenkins is forced to commit these acts because his bank is insolvent just like h.s.b.c. lloyds and royal bank of scotland technically they're insolvent institutions only through a ponzi scheme of doing larceny like we're seeing with these dark pools are they kept for another quarter from having to go the way of enron or go the way of some of these other world com they're technically insolvent they're not worth the paper they're not printed on their garbage yes so the original deception though is the banking system is the eternal growth is the fact that g.d.p. can always grow this is the myth they sell us which is a deception to get you to always weave their their web and be involved in their intricate weaving now china is also getting in on this act and that is that china finds fifteen billion dollars of loans tied to falsify gold the chinese gold processing firms have since two thousand and twelve use falsifies. gold transactions to borrow fifteen point two billion dollars from banks the country's chief auditor said commodities such as copper rubber soybeans and all the on have

commonly been used in china for financing where traders or investors borrow against a commodity with the aim of investing the money in high return areas such as real estate or shadow banking yeah real estate and shadow banking those are the high return areas i wonder why well because you can create a dark pool advertise to your clients that this is predator free they say i want to predator free place they go in there and of course it's filled with predators but of course another aspect of the ponzi scheme they're using the same gold as collateral for a multiple loans the re hypothecation scam so these are the same or else where there's comparable minimal gold and they make a collateralized loan based on that supply but they've done it a hundred times two hundred times a thousand times because in the u.k. unlike any other regulatory environment the world infinite rate high profit cation is a you can sell the same swear house full of gold a thousand times to a thousand different customers so obviously with the balance we saw in cyprus and with the threat of a penalty for exiting bond funds the question is are deposits safe in the u.k.

in any of these four big banks the answer is well i would say everything except maybe i mean twenty percent clearly a right twenty i thought all the problems are the reality single place in the world in china and malaysia and indonesia and australia and canada and the united states and france and germany and italy i think all of this system i look at the big boys rising rapidly today on this bold carrying bank run which is a contagion which is based on the fraud perpetrated by barclays and other banks so that the policy is are really have to be question are they say i don't think the hundred percent are safe i mean maybe eighty percent but if you want say if you need real gold in a real vault and bitcoin a real crypto currency other than that you cannot be assured that your deposit will be there any given day we're going to announce oh guess what britain we're going to take fifty percent of your deposits pay off these you know this is done a barclays well they could have a hundred percent of their deposits because that. the end of the day who is going why do you want your british pounds why do you want euros why do you want your dollars they can they're going to take one hundred percent is going to be worthless

it's going to be worth not even like a fraction of a bit coin not once a toshi it will be worth even if you have ten million pounds in your bank account i mean you know they're going to confiscate all the percent of the deposits or they're going to inflate another ten trillion pounds with a quantitative easing so that everything across the board your purchasing of the storm go up triple quadruple in price so the eighty fourth annual british bank of international settlements report came out and they're saying they quote in their report they say overall it's hard to avoid the sense of puzzling disconnect between the market's buoyancy and underlying economic developments globally so we know in the united states the first quarter the g.d.p. fell by two point nine percent markets continue to new highs in both garia the banks had a run on the banks well what happened as soon as the e.c. came in with a credit line bank stocks soared thirty percent although the bank of international settlements however is looking at this and just saying like underlying growth wages are down the economy is down leverage is up all the debt is huge and rising and

they say it makes no sense that people continue to be acts so with such euphoria that it's i think because of all the web of deception of debt and people think well they're going to continue to get away with it so let's get in on the fraud let's get it in because they're all we're getting away with that why not why why fight it barclays bernie madoff barclays bernie madoff barclays bernie madoff for years they knew that made up was a scam. as you see one and there are three occasions and said this is a scam they finally blew up and everyone lost their money there and then they won in the courts and maybe five cents on the dollar barclays early may go barclays bernie madoff well i just might add of course that eric schneiderman their attorney general in new york is alleging they've done this they haven't been tried he is going to try them. they may just plead guilty and pay a fine but it's still an allegation it's not a determined cause but let's go back to what the bank of international settlements

is saying about what this euphoria and this level of deception that people are conned into despite the euphoria in financial markets and investment remains weak instead of adding to productive capacity large firms prefer to buy back shares or engage in mergers and acquisitions and despite lack luster long term growth prospects debt continues to rise so they say over and over that we cannot solve this debt crisis with more debt and yet that's what we're doing it's up forty percent since the crisis began a crisis of debt we've added more debt on top of it this late with this tangled web of deception can we trust the regulators you know they've been caught cheating and participating in the frauds so they're worth their word is worth absolute squat well the bank of international settlements does say that people are going to be tempted to want to get in and join these frauds but i trust their national sentiment just a potential bank of all central bankers they are speaking the truth and they're not using words like allegedly the bank of international settlements is saying this

looks like a piece of cheese as been left out in the open for six months and the smells like rotted cheese like a stink is french cheese you could possibly amount we've got to go well talk to soon see right stay tuned for the second half part two of my interview with iranian mo s. . i'm happy martin the stories we cover here we're not going to hear any other big story . there's a reason they don't want to. point. out now let's break the set. i'm marinating in the financial world. developments i mean it's only take you know to be. not going to get any economic benefit in life. and.

welcome back to the kaiser report imax guys are time to turn again to write emo as a stand point research dot com and now philanthropy and philosophy dot com ronnie welcome back for part two of this interview thank you let's talk about your recent travels ronny because as part of you know reminds me of the old stories about the old stockbroker just actually travel and visit the companies that they were recommending so you're on a whirlwind global tour that's taken you recently to mongolia correct you talk about it i was on this is my the last stop on a four week country trip i started in miami beach i went to los angeles alaska

south korea japan mongolia israel greece france before coming here i just landed to hours ago at heathrow and i made a special trip out of my way to see you and. because i'm so upset with what's going on in the united states it was a very. i was very excited when i was in. south korea israel and mongolia both it's really hard for me to lay off either any of those three countries i think all three of them highly desirable places to invest the one country that people might be surprised to see korea and israel is not an new story but mongolia is and it's extremely exciting it's a lesson here i want all the as an investment opportunity it was that it's an emerging market and yak butter and apparently they have some material that's softer

even than cashmere softer than because you know i've actually bought my mom a scarf made from yak and camel months and what's exciting about mongolia is if you go there now if you missed the opportunity to invest in poland and russia in the late eighty's early ninety's when they got out of communism you're getting into mongolia where russia and poland were twenty years ago and what's amazing about mongolia is there's only three million people there so the g.d.p. per capita there could double or triple over the next five ten fifteen years what do you say about this recent trend around the world out it looks like there's a move out of the dollar for example when russia china do a four hundred billion dollars gas deal and they talk about the need to get out of the dollar there's a lot of bilateral trade deals down months countries getting out of the dollar dollars losing its place in terms of total global transactions in dollar it is you're travelling all of the world now you're one of the top analysts on wall street is that is that true is a doll losing its place as world reserve currency what's going to take its place. i

think it goes in in favor out of favor and the minute things are going wrong outside of the us it will go back in favor again and i don't think it's going away anytime soon you know the israelis shekel these are the currency i think appreciated by twenty percent in the last few years in all the currency of other currencies and done equally as well. versus the u.s. dollar and you know with the low interest rates it could be the dollar was out of favor and that can switch overnight so that in israel. you mention the shekel rise it is also pretty pretty hot tech sector emerging i think warren buffett has invested in some high tech companies there's a lot of money pouring in there is that now becoming a tech center and also cryptocurrency like bitcoin at bitcoin is big in israel as we hear it is i was only there for three four days i didn't hear the word bitcoin but i can tell you the israeli g.d.p.

per capita now is thirty seven thousand dollars. a person which is number twenty five in the world what has gone on there in the last twenty years is just mind boggling and the reason if only people can get away from that fear of a war with one of their neighbors the stock market would probably go up another twenty thousand because of the war risk is not diminishing now it seems to be rising at the moment what are your thoughts there in israel unfortunately even though there hasn't been a war there in thirty years people feel it's not a question of whether or not there will be another war it's when but anyone that has invested in israel and disregarded that risk has done really well and i think the is where the market will continue to outperform. it's a huge advantage to have a country with only seven or eight million people it's not like brazil where you have two hundred million and there's always going to be thirty forty fifty million below the poverty line in israel there's very few people below the poverty line and

the immigration from russia which is now fifteen percent of the israeli population it took the israeli population from six million to seven million it was a little bit rough in the beginning but now we're twenty years into that and it's really starting to pay off that while there was a dentist thing in political development that they were israel when america started talk about sanctions against russia israel's message to the u.s. was fairly and on this point because they have this enormous tie to russia i think the u.s. was expecting israel to kind of fall in line to a certain degree is that i guess the population is hugely impactful coming in from russia there's a huge russian influence correct you know you're trying to play with both sides and what you say in public might not be what you're saying in private but yes there is a problem to ask a country like israel to go against russia when fifteen percent of the population is there and israel has good relations with both come with both countries now i

guess you're making your famous if you will recently by. publishing this black list of companies you'll be put out a list of companies and then there was another list to come as the second part of the list been published yet oh yes actually put three names out after i spoke with you i just could not hold them mcdonald's c.v.s. and wal-mart i added to the other five now when you talk about wal-mart of course wal-mart is a company that's often talked about as this huge american success story that it's a paragon of corporate virtue that it's you know the richest family in the world is really the wal-mart family certainly one of the richest families in the world and so and it's a huge employer i think it's the second or first number one employer in the world either second the first one to the u.s. military or something of this nature so it's huge so you attack a company like wal-mart isn't like attacking the american flag to some degree. i'm speaking the truth and the people want to say i'm attacking the flood than maybe i

am attacking the flag. i don't judge a country based on how many millionaires and billionaires are living now i judge a country based on how many people living at below or near the poverty line and on that measure the united states and many countries around the world are failing miserably you know so as far as walmart creating a lot of jobs yes there's a lot of employees working there but most of them cannot survive on the paycheck that they're getting from walmart of itself they like this are all those are holding on to more than one hundred i don't know if i'm sorry it's i think it was a couple of hundred billion dollars a market capitalization most of that money is in the wal-mart family and in the pockets of the multi-millionaire and billionaires shareholders and the employees are working for ten dollars an hour and it's impossible to live on that kind of salary in the united states one of their competitors is costco and they are on the opposite end of the social spectrum they're paying their workers twenty dollars an hour to do the same work and president obama actually visited

a costco store when he was making his push for a raise in the minimum wage he says he is a perfect example of a company that's paying their workers twenty dollars an hour their customers are happy the employees are happy the company is turning a nice profit why can't other companies follow their lead it seems in a time when a walmart or a starbucks or tobacco company or big oil their profits in large part driven by the fact that their risks are turned into externalities as they call them in the case of let's say energy companies the cost of cleanup for their activities they don't pay for that it's pushed off their balance sheet it becomes a externality of what the company is doing and this ability to take all of the nasty bits of what they're doing in the costs of what they're doing and pushing it off their balance sheet seems to be enabled by those four big accounting firms that all work with these companies globally is that

a fair statement and if you're talking about cleaning up. these these wall street abusers isn't one of the first port of call should it be to clean up those four big accounting firms yes i wrote a forty four page report earlier this year it's available for free on both of my websites and one of the big problems you know we have in the united states and i'm sure in other countries is tax dodging they go they bend over backwards trying to avoid paying taxes we just had a merger in the united states where medtronic merged with covidien and now they relocated to our island and they're avoiding taxes in the us right the same deal with the big drug companies pfizer and astra zeneca here exactly it is the reverse takeover especially for a huge tax benefit it's terrible as much money as they're making for the multi-millionaire and billionaires show hold those they're still not happy they want more as anyone from the activist community reaching out and want you to be with them in other words. the international or green baize or u.k.

uncut or these any of these groups they read are they calling up or contacting you and say ronnie white to come speak at our vet because i'm talking as an act of this now even though you're the top stop picker in the world are they reaching out to you yes i'm getting calls from whistleblower organizations and socially conscious you know funds and i've gotten hundreds and hundreds of messages in the last few weeks and i'll finally have a chance to sort through them when i get back to miami in a few days but ok so you are goal on the full f.b.i. and philosophy site and you talk about changing the world you talk about i guess bringing about a more equitable distribution of wealth and. what would that look like in five years' time or in ten years time what would we see the world according to ronnie what would that look like and we have about a minute you know right now it's very simple we're giving less than two percent of g.d.p. to charity and if we would just double that what triple that to like four five six

percent. you would be able to wipe poverty out not just in the united states but in many parts of asia and africa and you know eastern europe as well let me ask another question historically going back throughout history when there's been a debt problem go back the bible for example there's always been bailing out or debt forgiveness of the debtors in two thousand and eight we saw debt forgiveness of the creditors is that the only time in history they can think of that something like that has happened and should have been the other way around should they have bailed out the debtors and not the creditors and by bailing out the creditors and they just enable them to create a whole new cycle of abuse and now we're facing more debt than ever more financial instability than ever and probably another huge collapse bigger than ever you know we have a problem i'm not in the in the in the worst case scenario template people think that the market's going to collapse but we have

a problem with debt and i don't think it was the spending that caused the debt i think it was the revenues coming in were not what they should have been and it was what we just discussed a few a few minutes ago the people that are making money and the corporations need to start carrying their own weight and then i actually think spending is not high enough there are a lot of places in america and outside of america that need help and we need money to solve these problems and the people at the top need to start paying a greater share all right not a monster thanks so much for being a get on the kaiser report thank you. all right now go do it for this edition of the kaiser report with me max kaiser and stacy herbert i'd like to thank our gastronomy last philanthropy and philosophy dot com if you'd like to get in touch tweet us a kaiser report. told

you my language as well but i will only react to situations i have read the reports but like you know i will leave them to the state department to comment on your play . to secure a car is on the docket no going to. jail no more weasel words. when you need a direct question be prepared for a change when you punch be ready for a. pretty speedy little down to to freedom. i think war is probably the most complex and difficult human activities.

are still locked up. in the phenomenon of friendly fire probably extends back to the invention of gunpowder. to kill a bunch of people you know i don't know if there are no relatives there are of us people. reading. this some of the shoots my brother in the leg not intentional because it because it was night times four in the morning even the best commander is given the mesh soldiers. are going to make mistakes this is this whole idea of brotherhood an author and camaraderie in this sense it was in this context it has absolutely no place. this is what we do we kill people and break things we can see something if simple

as people playing a soccer game you can see individual players and if you see the ball. i can almost see his facial expression you can see is a mouth open and crying out. maybe he cursed us or maybe he asked. for forgiveness for. there must be near certainty that no civilians will be killed or injured. dramas the trying to be ignored. stories others refuse to notice. the faces changing the world.

to picture of today's leaves. from around the globe. to. ukraine's military assumes its operations in the east with attacks on several cities after the president refused to extend a cease fire which expired overnight. this march through iraq stokes breakaway sentiment in the oil rich kurdish north of the country and attracts foreign companies hoping to cash in on the chaos. mercenary maneuvers and infamous private security firm used by the us for high risk military operations overseas is accused of making death threats to government officials investigating its methods.