tried to. pull. your life for. each and every minute. mummy. oh well. like. let's say. these cases. sometimes for nothing the i just saw me. look just you still can still be just if you see the stage take a look at the. speech was.

the little. welcome to the kaiser report max kaiser. this is the economy for now. with the nouns in with the verbs. yes according to our first headline here max why can't make ends meet trumps poverty this week the center for community change released new research that details of the way low income americans think and talk about living on the edge of the language being used by policymakers and others to describe them is turning off the very people it is supposed to help this is from bill moyers and he spoke to one of these people from this community center for community change what they found is that poor people don't like to be called poor

because it's a bad term in america and it means that you failed at the american dream so they prefer verbs instead no that's true in america it's the winner take all mentality the casino if you will be willing to live in a if you have a shot at winning at the big casino the big american dream casino unlike europe which has the tradition of the noble peasant or the impoverished no it wise person it's actually time more to catholicism because in catholicism they convinced a lot of people in europe that to be poor is to worship jesus in america which started out not as a religious theocracy as it has become but it started out as a separation of church and state and it was just manifest destiny grab all you can go for the gusto we want to be rich and now it's become more like europe it's become more like a religious theocracy is all the world's economies fall into the trap of of

fanaticism so that guy bill moyers interviewed said to be poor it's the failed in the pursuit of the american dream and that the poor are reviled so we shouldn't call them that in fact he says that nouns are failing us in this space and we need to move to verbs what i mean is we've traditionally catalog to mobilize people based on shared identity immigrant queer african american woman now we're seeing that since poor. reviled category people who argue believe belong in that designation don't want to claim that label so we need to engage them with the language they're ready to not just accept but feel empowered to proclaim and that takes verbs so like struggling to make ends meet living on the brink working for family those are terms that he says are ok which is ironic i think because in fact the top one percent the top zero point one percent they are the opposite they don't want to be known by their verbs that would describe them rigging libel or

rigging for x. rigging silver rigging gold defrauding investors manipulating markets they don't want to be known by that they want to be known as nouns like wealth creator entrepreneurs you know job providers you know it's interesting how language fits into all this in the u.k. of course as verbs or noun just more adjectives so starting with tony blair became aspirational which is not really either it's because you can't really say it's good to get rich because that would be too american but you can't really celebrate the poor because that would be too chad like or yob like or council state like so that doesn't work either so you have to be aspirational it's a good old adjective it's not fudge middle that works so well here in the u.k. but in the us now the action verbs are the best you're wealth challenged

i'm i'm temporarily without my millions. i will soon be with back with my millions you know if bill gates walks into a bar the average of that worth of everyone in that bar is probably higher than a billion dollars you know that's the way they see things well according to google sentiments for a poverty stricken penniless moneyless impoverished low income assessed the tests and. cuny s. indigent needy destitute pauperized unable to make ends meet without a sou i like those words like. kenny is a nice has a nice ring to it without a sou of course goes back to france or they everyone is looking for a suit for the proper calf down at the back you see but it. is swell way to describe it but it's not something that's going to last in america it's just temporary before the big jackpot is hit and you have that

amazing catapult into that because ilya their status that is guaranteed by birth by simply having your zygote consummated within the shores of america by your mom and her because you know girl you've got the birthright to be like donald trump have terrible hair and build golf courses in places you shouldn't well i looked at urban dictionary dot com as well because those people are right all the time and the first one i'm going to look at is reminds me of me when i was a student and that is to be poor is to be tired of eating top ramen for every meal of the day. and then the next one is when you have too much month at the end of your money and they use an example of how this would be used in conversation so person one you want to go eat at that new restaurant person to no man i'm broke i've been eating government cheese all week maybe next month when i receive my

paycheck person one oh i didn't realize you were poor next month sounds good. nothing going on but the rent you know all the rent is too damn high it ran it too damn that you know in the urban setting in america of course it's not taboo to speak of being indigent. called blues you got the blues in the eagle flies on friday. you know until then i'm out a soup i got no soup a boy named sue bring in some johnny cash i don't think he was referring to a french unit of currency them well. you know as i said the rich like to be called by now and friends them verbs so their wealth creators rather than one stealing only your wealth and there's another lawsuit there are several lawsuits there's a silver rigging lawsuit going on right now but here's another lawsuit in the news regarding the verb like people who want to be called nouns the wealth creators

lawsuits thunder half a futures trades and chicago are illegal watch trades so here is a new lawsuit against the c.m.e. the chicago mercantile exchange and they say that that fifty percent of all of their trades are watched trades washed trades are practiced by wall street pool operators that rigged the late one nine hundred twenty s. stock market leading to the great stock market crash nine hundred twenty nine thousand nine hundred thirty two and the great depression wash trades occur when the same beneficial owner is both the buyer and the seller washouts are banned under united states laws because they can falsely suggest volume price movement well we've talked about it on the show many times the watch trade is you're putting a buy in a sell in simultaneously to move the price why would you do that because you've got something cooking on another exchange particularly in the options market multiple listings of options and on one options exchange you throw in

a wash tray to move the price up or down to cash in on the same contract on a parallel exchange so this is why when people say oh you know for every buyer there's a seller for every seller there's a buyer there's no way to manipulate these futures markets the answer is no there is it's called a wash trade and as you've just pointed out fifty percent of all the trades are washed trades i know i've done many myself when i worked on wall street many many times thousands hundreds of. thousands of options contracts i was one of the biggest options producers on wall street the one nine hundred eighty s. i can tell you how to manipulate option prices to affect a price movement in the stock market but that's not a big trick today using the derivatives market they can change the entire fortunes of country that's how come greece went under instead of just some broker on wall street moving the price of some high tech over the counter stocks five percent using washed trades on an options market you've got hank paulson john paulson excuse me working with the government of greece working with goldman sachs and

lloyd blankfein to throw an entire country under the bus that's where we've been through twenty years that's been the progression of derivatives trading is that now they've got the ability not just to move the price of a stock but to move the price of a country in the case of greece other countries are. we interrupt the program because right now president obama is making a statement on the crisis in ukraine he suspected tonight's further sanctions against moscow let's take a listen. senselessly killed when their civilian airliner was shot down over territory controlled by russian backed separatists in ukraine. these grieving families and their nations are our friends and our allies and amid our prayers and our outrage the united states continues to do everything in our power to help bring home their loved ones support the international investigation and make sure justice

is done. since the shootdown however russia and its proxies in ukraine have failed to cooperate with the investigation and to take the opportunity to pursue a diplomatic solution to the conflict in ukraine. these russian backed separatists have continued to interfere in the crash investigation and to tamper with the evidence they have continued to shoot down ukrainian aircraft in the region and because of their actions scores of ukrainian civilians continue to die needlessly every day. meanwhile russia continues to support the separatists and encourage them and train them and arm them. satellite images along with information we've declassified in recent days show that forces inside russia have launched artillery strikes into ukraine another major violation of ukraine's sovereignty. and we have

information that russia continues to build up its own forces near the ukrainian border and that more russian military equipment including artillery armored vehicles and air defense equipment has been transferred across the border to the separatists. a sense the beginning of the crisis in ukraine the united states has worked to build a strong international coalition to support ukraine. its sovereignty its territorial integrity its right to determine its own destiny and to increase the pressure on russia for actions that have undermined ukraine's sovereignty territorial integrity and. ability to make its own decisions the core of that coalition is the united states and our european allies. in recent days i've continued to coordinate closely with our allies and our partners to ensure a unified response to the shoot down of malaysian airlines flight seventeen and

russia's continued arming of the separatist and i've spoken several times with prime minister route of the netherlands and prime minister abbott of australia. yesterday i had a chance to speak with prime minister cameron of the united kingdom president long of france chancellor merkel of germany and prime minister renzi of italy. we are united in our view that the situation in ukraine ought to be resolved diplomatically and a sovereign independent ukraine is no threat to russian interests. but we've also made it clear. as i have many times that if russia continues on its current path the cost on russia will continue to grow. and today it is a reminder that the united states means what it says. and we will rally the international community in standing up for the rights and freedom of people around the world. today. and building on the measures we announced two weeks ago the

united states is imposing new sanctions in key sectors of the russian economy energy arms and finance were blocking the exports of specific goods and technologies to the russian energy sector we're expanding our sanctions to more russian banks and defense companies that were formally suspending credit that encourages exports to russia and financing for economic development projects in russia. at the same time the european union is joining us in imposing major sanctions on russia its most significant and wide ranging sanctions today. in the financial sector they you was cutting off certain financing to state owned banks in russia. in the energy sector the e.u. will stop exporting specific goods and technologies to russia which will make it more difficult for russia to develop its oil resources over the long term. in the

defense sector the e.u. is prohibiting new arms imports and exports and is halting the export of sensitive technology to russia its military users. and because we're closely coordinating our actions with europe the sanctions were nouns and today will have an even bigger by . now russia's actions in ukraine and the sanctions that we've already imposed have made a weak russian economy even weaker. foreign investors already are increasingly staying away even before actions today nearly one hundred billion dollars in capital was expected to flee russia. russia's energy financial and defense sectors are feeling the pain. projections for russian economic growth are down to the. the major sanctions we're now seeing today will continue to ratchet up the pressure on russia including the cronies and companies that are supporting russia's illegal actions in ukraine. in other words today russia is once again isolating

itself from the international community setting back decades of genuine progress. and it doesn't have to come to this it didn't have to come to this. it does not have to be this way. this is a choice that russia and president putin in particular has made that continues to be a better choice the choice of deescalation the choice of joining the world in a diplomatic solution to the situation a choice in which russia recognizes that it can be a good neighbor and trading partner with ukraine even as ukraine is also developing ties with europe and other parts of the world. i'm going to continue to engage president putin as well as present portugal and our european partners in pursuit of such a diplomatic solution. but it is important for russia to understand that meanwhile we will continue to support the people of ukraine who have elected

a new president would deepen their ties with europe in the united states and that the path for a peaceful resolution to this crisis involves recognizing the sovereignty the territorial integrity and the independence of the ukrainian people. today the people of ukraine i hope are seeing once again that the united states keeps its word. we're going to continue to lead the international community in our support for the ukrainian people and for the peace the security and the freedom that they very richly deserve thanks very much this is a new cold war sir no it's not a new cold war what it is is a very specific. issue related to russia's unwillingness to recognize that ukraine can chart its own path and i think that if you listen to president for a chuckle. if you listen to the ukrainian people they've consistently said they seek good relations with russia what they can accept is russia arming

separatists who are carrying out terribly destructive activities inside of ukraine . thereby undermining. ability of ukraine to govern itself peacefully that's something that no country should have to accept and the sooner that russians recognize that the best chance for them. to have influence inside of ukraine is by being good neighbors and maintaining trade and commerce rather than trying to dictate. what they your cranium people can aspire to rendering ukraine of a basle state to russia the sooner that president putin and russia recognizes that the sooner we can resolve this crisis in ways that doesn't result in the tragic loss of life at the we've seen in eastern ukraine the reason i. think it's not right or our psyche is going to be enough and are you considering legal aid for

ukraine well keep in mind the issue at this point is not the ukrainian capacity to . outfight separatists they are better armed than the separatists the issue is how do we prevent bloodshed. in. in eastern ukraine we're trying to avoid that. and. the main tool that we have to influence russian behavior at this point is the impact that it's having on his economy the fact that we've seen europeans who. have real legitimate economic concerns in severing a certain ties with russia stepping up the way they have today i think is an indication of. both the. and the waning patience that europe has with nice words from president putin that are not matched by actions but also

recognition. as a consequence of what happened with at the blazon airlines flight that. it is hard to avoid the spill over of what's happening. ukraine impacting europeans across the board and so we think that the combination of stronger u.s. and european sanctions is going to have a greater impact on the russian economy that we've seen so far. obviously we can't in the end. make. president putin see more clearly. you know ultimately that's something that president putin has to do while on his own but what we can do is make sure that we've increased the costs for actions that i think are not only destructive ukraine but that ultimately are going to be destructive to russia as well all right but you guys are going to go ahead and read it if you're hearing.

ok you've just been listening to president obama giving a statement. based a lot of the wise heis on those are fresh sanctions against russia because of the on resting in ukraine seemingly just reiterating what happened a little bit earlier with the u.s. treasury announcing sanctions on a number of russian banks including p.t.p. bank bank of moscow agricultural bank and also a ship building company that also came after. fresh really botch all via sanctions from the e.u. as well targeting military oil on the finance sector is not just some of the things that the president of the u.s. had to say right now russia continues to support an arm separatists according to president obama russia continues to build up its own forces near the border that's something as well he's he said in the past but without clarification on that the

cost in russia continues to grow specifically in the energy arms and finance sectors that's where the sanctions. will it come from me also reiterated it's not a new cold war but russia not accepting a new ukraine valley's what we have been seeing there from the president all of the u.s. ok we're going to try and get some reaction to that for more on the fresh barrage of sanctions we've just been listening to against russia in ukraine let's cross to dr michael hudson who's a professor of economics at the university of mystery what do you think of this expansion of u.s. sanctions on russia president obama said that they will have it called more of a bite what impact will the really high. i don't think they'll have much impact he was forty five minutes late in that speech because i think his speech writers were really reading orwell's nineteen eighty-four to learn just what doublespeak really

meant it's very significant that obama began by talking about the malaysian airline because out today and the artist and the famous american man national security advisor reiterated what was you know you've said that we don't know who shot down the airplane and we don't know because ukraine government in kiev is refusing to turn over the audio tapes of the talk with the airplane and it's blocking the united nations is not going there so the very beginning obama. prejudice the issue and this story really begins not just that day and not even with ukraine but earlier this year with greece greece was subjected to european austerity it was told to sell off half of its gas rights but then russia's

gas rum. was the largest better now this was to be apple privatisation in recent going to the european union under pressure from the united states said oh never mind you can't sell your gas rights to russia so basically all of this fight is all about oil and gas and when obama said we're not fighting a new cold war that's double speak for yes we're fighting a new cold war and just like americans near eastern wars it's all about oil and gas so the united states is basically saying to the ukraine what it said to other countries so us your mineral rights are going to make you what like libya iraq and syria if you don't sell if you keep your rights to yourselves we're going to say you're not in the modern. a democracy is a country that sells its mineral rights and its agricultural land to american investors that's the american definition of democracy and if you don't do that

we'll i'm actually against you let's talk a little bit more about the impact here what kind of impact will this sanctions have on its partners in europe countries like germany for instance well they're not going to have much because the germans are very divided germany is of all the european countries russia is major trading partner and the germans have said we're going to lose tens of thousands hundreds of thousands of jobs if we don't pay america there's already fifty two percent of germans are saying we don't want to follow america into a new cold war we want to do ever since add no add no worries cheney us in the one thousand fifties it was only speak western and look eastern economically and germany is still knowing that it sees its market in russia and doesn't want to lose its market and the very thought that somehow american gas exports and on

and off the russians means that europe will have to turn off its lights and live in the dark by years while american builds up the shipping capacity to us sell it all over racking and gasification nothing here out of europe no the germans know that this is impossible the europeans know that this it is impossible i have the un officials and they say well you know we have to give lip service to the americans but we have no intention at all of following what they're doing and if obama presents this he's going to lose europe and there's an anti-american that's in there why is obama putting the blame do you believe on what's happening in ukraine in solely on russia just briefly. because his speech writers put in once in a speech saying that he's turned over foreign policy to the neo cons and the neo cons are old russian eaters from way back and obama thinks that the american people are going to believe that it's all black and white so he calls them separatists he

doesn't call them federalists there is no recognition that what they were fighting for the last year in eastern ukraine was among other things to stop the practice they didn't want to wrecking they didn't want their water and now today president biden said he's going to get its he called out or a show in ukraine and said we will give you seven million dollars to rebuild on boats by rebuilding ground bonds we mean i meant the l. get the people out and put our gas fracking my son has just joined the company and so that we can begin fracking in ukraine and use all of its water essentially for tracking and cut off crimea dr michael hudson professor of economics at the university of missouri kansas city we appreciate your input on that we really could speak to all day but thank you for that thank you very much all right that is we're going to leave it for a little while going back

a couple of minutes with all the take on what we've just seen as well as the rest of the day's news do stay with us. if there were no where you. could. be. a good. place.

to. choose your language to actually make it without any financial planners they still such an open place misses a chance that the concerns get a. chance to give kenyans that invigorating. clues to stories that impact the lives choose access to your office. right the city. searched for. the night gripping picture.

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there's a reason they don't want to do now. that we should be completely out now let's break the set. coming up on r t gaza under siege a night of intense bombing from israel the death toll soaring plus the main power plant in gaza is taken out in the attack leaving many in the dark an update on the violence just ahead. and the area around the malaysian plane crash in ukraine is still not secure more fighting in the region is stopping international investigators from having full access to the crash site report from ukraine coming up. and reining in the n.s.a. a new senate bill on capitol hill would curb the spy agency's collection of phone and.