one diabetes patients says she already gets calls from her insurance company who tried to discuss her daily habits with her it's a practice that is bound to become more prevalent as our society becomes more and more data addicted as chief clinical officer for analytics said caroline of health care system michael dillon put it david is already being used to get people to buy crap they don't need that isn't good for them or for others gary applications like identifying dissent so at least hospitals are looking to apply data collection for something good keeping people healthy right but here's the thing under obamacare hospitals are already starting to get by and for having too many patients readmitted it saves hospitals money to keep people out of their emergency room in the ridiculous sprawling bureaucracy that is the american health care system data collection is about money not about patient how it's only

a matter of time before hospitals can start turning people away because there's smokers or charging a heart attack patient double because they ate a snickers that week it's just another dystopian application of big data in our society and the implications are scary enough to make anyone sick tonight let's talk about that by following me on twitter at the resident.

welcome to the kaiser report i'm max kaiser oh what a tangled but oh so profitable web we when first we practice to do c. of state is c. max now first of all there's 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 when something that you were right nobody out there many people in the comments have keep on getting this wrong they asked 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 the twenty thirteen bond market sell off generated a larger aggregate lost in both dollar and g.d.p. terms than did the nine hundred ninety four in two thousand and three episodes so

the twenty thirty 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 in gave 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's no deterrence for banking fraud banking crimes then the bankers will repeat these crimes except more egregious lee and they'll steal ever more amounts of money here's barclays 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 antony 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 g. hottest man tony jenkins they put him in charge and he commits acts of financial terrorism allegedly and camera vows more of their 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 that will 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 fell there was a greater aggregate loss than one thousand nine hundred white if we didn't notice that 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 because there's no penalties for committing fraud they would come up with a new scandal they shut down the libel or scandal they shut 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 stealing still it's to look there's too many jenkins there's going to jenkins i can't stop stealing allegedly so dark pools they say were originally created to allow the best years 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 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 liable 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 tank as 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 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 a real stay or shadow banking yeah real estate shadow banking there's a high return areas i wonder why well because you can create a dark pool advertised 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 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 really 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 our 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 percent hold the problem sort of raftery single place in the world in china and malaysia and indonesia and australia and canada in the united states and france and germany and italy i think all of this system will look at the big going to be if it was rising rapidly today on this ball gary and 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 they're going to announce oh guess what britain we're going to take fifty percent of your deposit to pay off these you know bush has done a barclays well they could have a hundred percent of the deposits because that. the end of the day who's 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 the prints another ten trillion pounds with a quantitative easing so that everything across the board that you're 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 x. 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 because they're all we're getting away with that why not why why fight it barclays bernie madoff barclays bernie made up barclays bernie made up for years they knew that made up was a scam yes 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 got 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 deterrent 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 this tangled web of deception right and 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 they are trying to drag 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 it's smells like rotted cheese like a stinky is french cheese you could possibly amount we've got to go we'll talk to you soon see right stay tuned for the second half part two of my interview with iranian mo s. . it was a. very hard to take a. look. at that or had sex with her hair. live

live. live. live. live live. live live live. cross-talk rules in effect that means you can jump

in anytime you want to live. welcome back to the kaiser report imax keyser time to turn again to write emo at the standpoint research dot com and now philanthropy and philosophy dot com welcome back for part two of this interview thank you let's talk about your recent travels ronnie 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 caracas talk about it i was on this is my 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 met and

that's who 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 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 as i long only as an investment opportunity it was that it's an emerging market and yak butter and apparently they have some material that softer even than cashmere softer than kuzma i've actually bought my mom scoff made from

yak and common cereal 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 dollar 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 old reserve currency what's going to take its place what do you see i think the it goes in in favor out of favor in 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 rising 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 crypto currency 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 that 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 developments and 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 the 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 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 flag the 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 of the united states and many countries around the world 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 a bit something 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 billionaire 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 here's 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 and why can't other companies follow their lead it seems in a time when a wal-mart 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 that'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 and 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. 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 do this the reverse takeover especially for a huge tax benefit it's terrible as much money as they're making for the multimillionaire 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 you're 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 far left being and philosophy site 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 we 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 to 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 it have been the other way around should they have bailed out the debtors and not the creditors and by bailing out the creditors and then 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 camp where 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 much of being again 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 up philanthropy and philosophy dot com if you'd like to get in touch tweet us a cause a report by a. it

was a. very hard to take i. want to get along here. live happy ever had sex with her make her look. please. please. please. please. please. please. update. on marinating in the financial world. talk to seems to goldman's cannot stop

exuberance only taken from the demands of credit not going to get a new life there are. what's up guys and i mean martin and this is great in the us that so we all know that the foreign intelligence surveillance court or the fight is a court pretty much rubber stamps any surveillance project it's presented and in case you doubt it it's facade as a regulatory body new revelations show that according to the court nearly every country in the world is ripe for n.s.a. surveillance this new documents released by the washington post expose of the fight as a court has granted espionage approval for one hundred ninety three countries that's nearly every single country in the world and other we know that the n.s.a. has been recording every single phone call made the bahamas and afghanistan.