i wanna wake up in a city that doesn't sleep yes this is the kaiser report imax kaiser right here in

the belly of the beast men hat and stacy you're looking very beautiful max i want to make sure to clarify i'm glad you said that we're in new york city because many yanks out there we they watch the show and they think we're in yemen or kabul they don't realize this is man has not a green screen no it's not a green screen and in fact you might see some humpback whales breach the water here you might see some great white sharks i've seen a lot of humping a over there a port authority but well i want to mention that we are recording at kofi right here long island city these guys are so nice to allow us to film here but i want to manish mash while we're here back in london you were seen on a placard max keiser out a placard of peace broke out stock markets would crash this is from sven loach max stock markets are not crashing that means there is no peace well this is the amazing thing about these markets is that they are really seeding on a war and destruction because that's where the money's coming from to feed all

these bombing campaigns around the world principally from the countries whose stock markets are hurting all time highs like the u.s. stock market that's where the money is coming to continue the occupation of these. country so if there was a crash that would mean peace if peace sort of breakout then the stock markets would crash so that's why there will be no peace as long as there's a lot of cheap money feeding a lot of cheap wars on the cheap and you see a lot of death and destruction that's what these markets are telegraphing that's their financing that's what it's all about well the leading politicians here do not want the stock market markets to crash and so we have headlines like this lindsey graham predicts an american city in flames if obama doesn't go to war in iraq senator lindsey graham republican from south carolina warned on sunday that militants in iraq and syria would attack the u.s. mainland if president barack obama did not immediately take military action to stop them i think of an american city in flames because of the terrorist ability to operate in syria and iraq graham told fox news host chris wallace this is amazing

propaganda some fox news as solid as lindsey graham is a is a propagandist and the idea that if they don't bomb iraq the american cities will be in flames just feeds into the propaganda that we need to keep financing the war machine that has its nexus here on wall street and lindsey graham is really a shameless war provoker and this idea that he puts forward that unless there is a continuation of the status quo of free money for warmongers then suddenly we have to worry about all kinds of consequences that we can't deal with and they keep pulling out the same men you know nine eleven bogeyman or this boogie man and they've killed all the boogie men the only boogie men left are lindsey graham these two boogie men lindsey graham is a terrorist actually i want to look at some of the more mainstream sort of establishment media here and even they are starting to question this never ending war and what it's doing to the empire let's look at these two headlines here in the first one is from the new republic and they say the u.s.

airstrikes in northern iraq are all about oil they mention that when barack obama was saying we're going to stop bombing iraq in order to save some people want to. inten well the one thing he didn't mention they said was oil but let that lies near the center of the american cause for intervention in iraq they say because the united states is conducting air drops to the z.t. s. who have fled the advance of islamic state militants but it is conducting air strikes around herbal which is to the east and erbil is the capital of kurdistan the kurdish area and that is where the oil rich area is so they don't want them to gain control of that wailed member tony blair in the lead up to the iraq war it's not about blood for oil if it's a million people on the streets of london with placards saying this is all about blood for oil it clearly is blood for oil until you blair is one of the warmongers that has made a ton of money trading blood for oil and he's continuing to do so let's say see it's all about this quantitative easing we've been witnessing around the world for years now it has not worked it did not create the economic growth that we were told

it would there was no escape velocity as mark carney chairman of bank of england talked about so now we're in a deflationary spiral where resources are scarce and people are going to war to get control of the remaining resources to work today's everyone against everyone everyone's at each other's throat because all that money printing did not work it was a failure it caused a very deflation they said it was going to eliminate they have failed miserably and as a result everyone's got up to their neck in blood so from the new yorker magazine here in new york they have a headline oil and herbal so again they see that it's all about oil they don't believe any of this so-called humanitarian intervention both articles mention that they also screeched about humanitarianism and we need to save the people of benghazi never once did any president mention the oil in there in benghazi but they keep you know most people in the empire they are also on twitter campaigning for

hash tag outraging invasions of all these countries in order to save the people and we need to save those people they themselves also never see the oil and here they're actually. this is sort of the moment when even the progressive sort of establishment media are starting to see well it is all about oil there's a lot of economic suicide we see right now with this confrontation with russia in attempt to force oil prices down there's a lot of money for things going on in a manipulations in the oil futures market but that money printing has the boomerang effect of causing incredible amount of poverty so cities like detroit and around the u.s. around the empire are collapsing because of the wealth and income disparity from all that quantitative easing to try to force that you know has existed for twenty years so again oil manipulation of oil lack of oil even gaza and the and the devastation we've seen there is related to energy as well because of the natural gas reserves associated with that territory so once again driven by oil and gas

well we're going to get on to the russia stuff in a bit but first i want to continue on this story about iraq and what the mainstream media here is actually saying the u.s. is bombing its own guns perfectly sums up america's total failure in iraq so you know we've been in iraq since two thousand and three we went out we we allegedly got out for a few months now we're back in but one of the things that they're saying is that. well the arms sales ok so the kurds the peshmerga have old soviet weapons and these so-called islamic state militants have seized the american weapons from the iraqi military so as a consequence the absurdity runs deep america is using american military equipment to bomb other pieces of american military equipment halfway around the world the reason the american military equipment got there in the first place was because in two thousand and three the u.s. had its military to rebuild the iraqi army which it just finished destroying with the american military the american weapons of the us gave the iraqi army totally failed at making iraq secure and become tools of terror used by an offshoot of al

qaeda to terrorize iraqis that the u.s. supposedly liberated to get a decade ago and so now the u.s. has to use american weaponry to destroy the american weaponry it gave iraqis to make iraqis to. for in order to make iraqis safer this is the absurdity of end of empire thing when all of your that edge of empire that's starting to fray and disintegrate and you can't control it you're bombing yourself but this is the natural end game for a keynesian economics where they believe that by creating a war you create economic growth that's a map and so they're bombing the very weapons that they sold to create the growth to begin with that didn't work so they're selling another group of weapons to bomb the weapons that they sold the original group to create economic growth and that didn't work so it's a an enormous sinkhole of money it's like those enormous sinkholes are opening up around siberia now because the earth is essentially melting yeah those are those enormous sinkholes this is kind of the economy around the world where these war mongering has resulted in this just devastating collapse that makes no frickin

sense and i might add once again this is not a green screen you'll hear in see some fairies and their horns behind us you might see some helicopters you might see some whales or great white sharks you might see the n.y.p.d. teasing people behind us this is all real real so some tasering on my way to the studio is not existing here this morning by the way about this oil of course oil is priced in dollars that has been globally for the last few decades since the one nine hundred seventy s. and this is part of how the u.s. maintains its empire and again we're going to look at this fraying of empire here is the headline it's from blue bird news bloomberg news one of the premier financial news we're going to. keep the role of russia sanctions accelerate risk to dollar dominance u.s. and european sanctions against russia threaten to hasten a move away from the dollar that's been stirring since the global financial crisis the global financial crisis in two thousand and seven and two thousand and eight

but they say that the greenback share of global reserves has shrunk to about sixty one percent today from seventy two percent in two thousand and one we were it's from two thousand and one that. we embarked on this policy for a new american century which is actually ironically become the policy for not a new american century i it's been the decline since two thousand and one and cheney and bush and rumsfeld's invasion of iraq for oil yeah well we had a few minutes and i wanted to dig into this idea that these sanctions are going to be somehow a punishment to russia and what we're seeing now is the exact opposite once again the intended consequence of a policy is boomeranging in the opposite way and what what's happening now is that the world realizes that the u.s. is an ad of control rogue state and they're doing deals with themselves outside of the u.s. dollar they're doing deals china russia iran other countries are doing these massive currency swaps and economic deals outside of the u.s. dollar and for russia quite frankly this is the greatest thing that could happen to

them these sanctions because it's going to force them to diversify their economy which they have been reluctant to do for decades have been overly reliant on the energy sector in the mill military sector and now if they're going to put these sanctions up with food and having the popularity that he has they can go in they can develop their high tech industries they can develop their manufacturing industries they can develop textiles industries they can do all kinds of things that they have been reluctant to do but with this mandate of getting around the man of the sanctions they can diversify that economy in ways that they have not done for decades so this is the greatest thing that could possibly happen but it's not just for russia it's for germany it's for europe it's for asia it's for china it's for japan it's for brazil it's for africa anymore multi-currency world member i mentioned the fact that there are now after decades there are humpback whales out there near ellis island and the statue of liberty there are great white sharks here they've been here for decades why because of the model culture and pouring toxic

waste like the toxic dollar across the world which has starved out all the fish the wildlife here now that it's been cleaned up in the hudson river so clean no not this river but it was it's now. how can one judge manage a benefit or the toxicity of the u.s. dollar yes has kept a monoculture going around the world yet people didn't bother building on infrastructure roads out sorry because mama daddy papa doll that uncle sam is there to protect them and to do all these deals for them in the dollar everything was priced in dollars at the world war two all commodities all oil and now they're saying you know what we're ready to break out from the tent of mom and dad uncle sam and are ready to build our economies independent of a state that's clearly in the throes of a deflationary depression warmongering state of chaos well here is a quote i'm going to read to you from this bloomberg article and it's from bank of america bank of america obviously american the crisis created a rethink of the dollar denominated world that we live in said joseph quinlan chief market strategist at bank of america corporation's u.s.

trust which oversees about three hundred eighty billion dollars he said quote this nasty turn between russia and the west related to sanctions that can be an accelerator toward a more multi-currency world and they mention that throughout the article that it's actually because of this increasingly using financial sanctions and financial war techniques whether it's against bank para bought in france or elsewhere so people are very concerned about it they also mention that germany and greece for example are two economies in europe which have suffered greatly because of the sanctions on russia so they're starting to think also like well maybe we do need a more multi-currency world because why why do we need to get in the middle of this war when all we want is trade we want free trade and globalization incredibly the u.s. is reluctant to embrace free market capitalism is what's putting the country a great risk in the economy create risk while the rest of the world actually adopts fantastically into free market capitalism and the result will be the us being left

behind i say survive time thanks so much see you max stay tuned for the second half a whole lot more. i'm abbie martin the stories we cover here we're not going to hear any right other big story the extreme headlines and talk there's a reason they don't want to do not all that are important that we don't think you. know let's break the set. sweden or finland the brain deep to join nato that would provoke some sort of free action on the part of russia and this is why as far as the military calculus is concerned none of what faces humanity east the west north and south lawn of it can't be solved by military means or fighter aircraft or satellites or nuclear weapons military is outdated it should go like cannibalism and slavery and child labor it

doesn't belong to civilization to kill each other. there was very interested because with dropped out of the skull of the rohrbach a little would shift across a few degrees. of the circle and the speed but you know just astronomical speeds. right to see. her street. and i were being put. on a reporter's twitter. and instagram. to

be in the polls. welcome back to the kaiser report imax keyser time now to turn to dr michael hudson is current book is the bubble and beyond dr watson welcome back to the kaiser report of the beer mix thanks for coming to queens i want to talk about a bloomberg headline bloomberg news has a headline warning the sanctions against russia will hasten the decline of the u.s. dollar in world trade now going back to your career back in one thousand nine hundred two you published super imperialism it's kind of a textbook of the monetization of the global economy and what this would lead to it seems like everything you talked about that book is down happening the end game so to speak is that a fair statement when you think yes it is in that book i showed that the entire balance of payments deficit stem from foreign military spending and the dollars

thrown off by military spending end up being put into some foreign central banks so it's really foreign central banks that have financed the u.s. military checkpoints and abroad yes that they're rejecting it first time there is an alternative right so just realistic about this statement here the the sanctions against russia are going to hasten the decline of the u.s. dollar and world trade that seems to be the opposite of what the if this intended for that's the irony it's the best thing that could have happened to russia finally know russia is going to begin protecting its own agriculture and modernizing it and there's no need for it to import chickens from arkansas when it can grow its own chicken rice hasn't been the case with russia they've been overly reliant on russia and i gas that oil for decades and the price is high they get what they see like you know we don't need to diversify because if we get all this money in the prices low they panic i think we need to drill more but here they're forcing them to do something that the u.s. i would think would not want them to do diversify that's the short termism of the

neo cons and what we're seeing is the end of a whole sixty year cycle in the one nine hundred fifty s. do you. it was russia that greeted the euro dollar market because it was afraid that but it's dollars and u.s. banks but let's get back to second here because it says that this decisions against russia will hasten the decline of the us dollar and rule changes the exact opposite of what you would think they were intending it think so they're thinking very short term and they don't realize that russia has an alternative and it's as if they drew up this plan to contain russia and move into the crimea and block its base before there was the meeting in brazil last month where the other brics. got together and created a one hundred billion dollar clearing arrangement and a brics bank so that they don't have to be dependent on the u.s. dollar for the first time in sixty years other countries have an alternative to the dollar in the one nine hundred fifty s. when russia had dollars it could couldn't put them in u.s.

banks because it would have prayed that the banks to grab its money like it grabbed iran's money so they put them in london banks and that created the euro dollar market strengthening the dollar and in one nine hundred seventy one the u.s. dollar was forced off gold as you often discussed on this show but what happened was that there still wasn't an alternative to the dollar so central banks only had one thing to carry u.s. treasury bonds so it was central banks that funded the balance of payments deficit really was the military deficit well for the first time now there is an alternative the u.s. is not the only person country that can create money russia china the brics found they can create electronic money in ious just like us and they're very quickly forcing other countries not to use the dollar and just to help out russia judge greece a here in new york has blocked argentina from up paying its creditors so

that foreign sovereign debtors no kennedy issued dollar bonds because if they issue a dollar bond somehow they have to go through us by. thanks and we'll have judge greece's ruling applying to the whole world treating entire countries like a family restaurant that goes broke and has to distribute all of its assets so the u.s. is shooting itself in its own foot again and again says such talk about the isn't it true that you know your back and of course you came up through banking originally and so you're very familiar with the whole industry a couple of questions if the if the world goes off the u.s. dollars stander it reserve currency and looks like that's what's happening there isn't that going to make for americans anyway the price of stuff like oil and food is going to cause inflation because they don't have that privilege they have the extraordinary privilege in principle it well the world won't really go off the dollar standard it will have a multi standard world there will now be a brics along with it for the u.s. neo liberals have made sure that the euro cannot create any kind of

a euro currency because in order to create a euro the euro is the backing for central banks governments would have to run deficits and the lisbon treaty blocks them from creating more than three percent of a deficit so the u.s. is crippled europe from ever being part of this and led left only russia china and the brics to create an alternative to the balor so basically the u.s. is treated as absorbed in europe and the dollar area that's going to continue whether the currency whether the currency will go down is is still up in the air ok so let's talk about the bank of international settlements for a second recently they issued a stark warning about central banks encouraging global bubbles are warning about bubbles now are we in a global bubble what will happen what can be done to restore ok so is this bubble mentioned by the bank of international settlements where do you fall on the we're

in the aftermath of the bubble the bubble basically burst in two thousand and eight when the junk mortgages went down and so. what happened was you have still banks and negative equity but what we're in is not a bubble but an attempt by the federal reserve and the treasury to reinflate the bubble to try to get it back where we were so the solution to the debt problem is to borrow your way out of debt to create enough more debt that you can somehow keep the whole bubble that was inflating afloat until the whole system crashes so the idea of the bubble bursting in two thousand and eight you had a deflationary event essentially bonds went bust to reinflate the bubble they print lots of money but that has not created the so-called escape velocity has not created any real genuine growth in the economy so it's been revealed now that this isn't sack nothing but a global ponzi scheme where they have to keep trying to get printing and printing just keep in the same place there's no real organic growth correct this is exactly

correct and that's because a ponzi scheme is an exponential growth of bet you have to have new members keep joining in anough to pay off pay off the former first comers the problem is that the banks are not lending to real estate because real estate's so loaned up they're not lending the credit card debt u.s. debt has actually gone down and that's because the economy is having to now pay down all of the debts that it was running up under the bubble so the banks are making a lot of money but money not by lending to the real economy the banks haven't lent a penny for new capital investment for new employment for new research and development they the banks have made their money by arbitrage by foreign strike elation by essentially corporate buyouts one third of the american banks profits in the last quarter came from making extending bio loans for companies to borrow cheap

and replace equity with debt so that the debts going way up for the corporate sector which now is built into the balance sheet having to pay off. interests so they're forcing up the cost structure of prices but the market isn't fair so the result is to put the squeeze on corporations which usually happens and you have a liberal bio you know this is idea of going private companies take companies private warren buffett takes heinz ketchup private he's a master at this he's taken all these companies private it seems like if there's another crash dr hudson so unlike warren buffett could effectively take america private that's the whole idea when you say take a private that means take a private on dept it's a financial process that means borrow the money to buy up stock holdings so now you're the new owner and rates are near zero percent so the cost of this is a fraction well the cost of creating the money by the banks is their own percent but you can be sure that they charge warren buffet and the corporate raiders

a much higher price that's why the bank profits are so high right now they get the money from the federal reserve but one tenth of a percent they lend it out for five or six percent for takeovers that's their margin so the banks' balance sheets to being recovered at the expense of the economy it's a predatory process when you look at the economy wide effects right now the two thousand and eight crisis you know talking about warren buffett for a second he famously said with a tie goes out you see who's not wearing a bathing suit down two thousand and eight the tide went out and we saw that bernie made off was not wearing a bathing suit that ponzi scheme was exposed and it went belly up eighty billion dollars lost what have you given this current scenario where looks like a set up for another global crash what country could be the bernie made off like moment reveal in this crisis is it china is it japan they have enormous outstanding debt to g.d.p. the u.s. bank of england where's the weak link that when this when the when the when the you know the stuff hits the fan this time who's going to be revealed as the weak link

well this is first of all the strongest link that china because china the central bank is willing to print all the money. to keep its economy afloat so it's not the weak link won't be china it'll be it will be america and it's always been america for the last century because america is the most highly leveraged country of all england is also very severely leveraged which is why the bank of england has taken it begun to take moves to try to stop up the debt leveraging the so the u.s. and england are that weak links but also you have the south you have the sovereign debt the governments of southern europe are greece. and the other countries that are especially hurt by the russians retaliatory sanctions they're still not able to run a budget deficit so you're having this fiscal squeeze in addition to the debt squeeze the fiscal squeeze is completely needless greece and the eurozone of course could create money just like the federal reserve has done here but they don't because

that's what neo liberalism does they there's a they've imposed a class war in europe to sort of tighten. the fiscal policy to squeeze squeeze down wage rates so the market is in terms of the market and government breaking point europe southern europe is the leading point in terms of the the debt financial breaking point it will probably be in the united states from all of these leveraged buyouts. without a leveraged buyout a company can always cut back dividends to stockholders if markets turn down but once there is a leveraged buyout you can't cut out payments to creditors without declaring bankruptcy and letting the creditors take over so what we're seeing now is the prospect of a huge property grab by creditors that's what happens when the bubble burst dr johnson thanks much again for being on the kaiser report thank you very much back all right that's going to do it for this edition of the guys report with me max keiser and stacy everett i like to thank our guest dr michael it's in his latest book is called the bubble and beyond me like tweet us tweet us to kaiser reports

and i might have some bio. i asked. in december of two thousand and ten. more likely to be raped in college than in the real world. i didn't think that to each other when they knew each other i thought rape was a stranger on the precious. girl complaining about the son of an alumni. millions of dollars to the school why listen to somebody who's going to lose money at the school of schools that make money based decisions are much more common than they would ever admit publicly.

rezoned just soldiers this but it's not a soldier's russia's internal special forces but being tough and good with a gun may not be enough for these extreme terrorists. only the most capable will be to the end. of. those whose dreams can melt away your jewels join the ranks put themselves through fire smoke and water but not for money promotion. is the coveted crimson bearer. eugenics was eugenics vulgarize ation of darwin science and punishment for an uncommitted crying i was never in all these two months of being in a chief you belong to still today for the few i don't know why. but i still don't know why genetic improvement through forced sterilization the basis for nazi ideology don't stop at just sterilizing yet another group and now go to the point

of death. for years rarely discussed. till now really rather not talk about that right. i asked ray. in december of two thousand and ten. more likely to be raped in college than in the real world. i don't think simple did that to each other when they knew each other i thought rape was a stranger on the precious. girl complaining about the son of an alumni whose gives millions of dollars to the school why listen to somebody who's going to lose money at a school if schools that make money based decisions are much more common than they would ever admit publicly.

ukraine recognizes that russia has humanitarian convoy is carrying aid as more than two hundred trucks with help for struggling civilians are being stalled at the border. russia ridicules online reports that one of its armored units has been destroyed in ukraine. with no evidence or wreckage to back up the allegations from . the governor of missouri announces a state of emergency and brings in. rioters demand justice for a teenager shot and killed by police in the u.s. . and the e.u. approves aid to kurdish fighters in iraq pouring more weapons into the war.