because. the unions lead a march through central paris raising the pressure on president controversial labor reform. meanwhile the president hosts a meeting with the lebanese prime minister who's a surprise resignation announcement has raised fears of regional. and. german parties to form a governing coalition. for the latest on those stories you can stay with us now for the kaiser report looking into an alleged plot by the u.a.e. to wage financial.

hello max keiser this is the kaiser report we've talked to for years about financial warfare people using markets to wage war against country to country individual individual and we saw in greece when goldman sachs and their buddies decided to tear down that country and rip it for billions of dollars of the profits john paulson. goldman sachs and now it's spilling over into the crypto world in the geopolitical world that's happening right yes this is a remarkable story because it's something out of sort of conspiracy theory normally the mainstream media would say this is conspiracy theory mind you they have not covered it since the intercepts posted this so here is the headline leaked documents expose stunning plan to wage financial war on terror and steal the world cup a plan for the united arab emirates to wage financial war against its gulf rival cutter was found in the task folder of an e-mail account belonging to you

a bastard to the united states yousef otaiba and subsequently obtained by the interest that the economic warfare involved in attack and cutters currency using bond derivatives manipulation the plan laid out in the slide deck provided to intercept through the group global leaks was aimed at tanking cutters economy according to documents drawn up by a bank outlining the strategy so will go through that strategy in a moment but it's a slide deck it's a powerpoint sort of presentation from the bank havilland which is owned by a very well connected financier to the tory party and it's very interesting. what we've been talking about the ability to derivatives and financial futures to wage war on another country and the fact that. the global economy has become financial ised we've we've moved beyond tangible assets as a measure of wealth we've moved beyond borders as

a national boundaries we have large money center banks we have a hedge funds we have to rid of wielding kind of rogue traders operating without accountability they have access to twenty to thirty trillion dollars worth of offshore money that's completely on scene on tax on known they have access to unlimited money at zero percent interest rate from the central banks so may find a country that they want to act like cutter they can simply go into the bond market of the stock market the currency market and using highly leveraged bets they can dump a billion hundred billion a trillion dollars at the sell orders they can destabilize that market they can cause volatility they can jack up interest rates and the point being that modern warfare has jumped over the boundaries of the physical world and just as a corollary to this are seeing this also in bitcoin there's a an interloper a row coined called big cash and they're using the same manipulative techniques

that we're seeing these states use to try and undermine bitcoin itself which is to to be totally expected and the financial futures contract in the c.m.e. for bequests coming very shortly but this is not unpredictable they have a group of rogue crypto enthusiasts who are attacking bitcoin using a fake one called between cash which is a fake coin well those are individuals or groups of investors those are groups of hedge funds private equity and this article mentions that private equity has done this sort of deal here this is on a nation state level this is the united arab emirates this was presented a plan was presented to them by a very politically connected bank in the u.k. to target another nation economically and using financial manipulation and market manipulation so it's on the first public i mean i thought. it has happened on the nation state level before but this is the first one that has been revealed i'll tell you first about the bank the outline prepared by bank how the law and

a private luxembourg based bank owned by the family of controversial british financier david rowland laid out a scheme to drive down the value of cutter's bonds and increase the cost of insuring them with the ultimate goal of creating a currency crisis that would drain the country's cash reserve somewhere in the outline that they presented to the u.a.e. they said control the curve decide the future so the plan was that the united arab emirates would buy credit default swaps insurance on the bonds of of cutter crashing they would preserve the outline for the banks as pretend to be friendly to them pretend publicly to the press when you get the press to talk about this for ten that you're concerned about qatar and what's happening but then the plan then calls for so once you have the credit default swaps then you start shorting the bonds. how do you create the illusion that there's a mass selling of bonds by being both the buyer in the seller so many people in the

financial and alice world so in the silver market for example when talking about the silver market they said there's no such thing as manipulation because for every buyer there's a seller for every seller there's a buyer so here is what this bank very politically connected bank said to the u.a.e. the plan then calls for precipitating a run on the debt of carter through a series of sham transactions to drive down the price of cutters bonds a manipulation technique known as painting the tape where players swap instruments back and forth to create the false appearance of a high volume of trees the hope is to get other traders who aren't in on the plan to see the high volume on the tape the market ticker and think that since volume is high in a period of political turmoil something important must be happening prompting them to sell the sales of the technique plan would drive the price of the bonds down creating more panic more soundly according to the plan the u.a.e. having bought credit default swaps against debt will see the value of that insurance rise as qatari debt tanked right that was trading as also known or

painting the tape as another variation on this and i'm just quickly mention yes that's exactly what was going cash recently a lot of washed writing to manipulate the price but in this case as you point out this is a state being lobbied by a bank to commit financial terror on another state in an effort to manage the yield curve now why that's important is because all countries now are in debt much more than they have any equity and so they're not looking to let's say seize property sees assets or overthrow a government so much as they want to manipulate the yield curve as a says right there they want to raise the cost of borrowing to the point where the country in this case goes bankrupt and they can do that by having access to virtually unlimited supply of financial derivatives products targeting that country and forcing the old curve to trade through market manipulation. unwashed raining pain in the tank and putting the country into crisis and this is the hallmark of

our in debt you know back even fifty years ago in the middle east people thought of that country's. as an oil and gas center but that's no longer the case of qatar or saudi arabia they're not oil and gas they're their debt they're in massive debt they can't pay their debt it's a debt holding entity which happens a side business in energy well actually the article points out that the problem for the plan why it was stupid is that cutter does have hundreds and hundreds of billions of dollars cash so the notion they don't have debt they have cash they have so much cash because it's only a population like ten thousand people and they have all their one of the largest reserves of natural gas in the world so they have a lot of cash they hope was that because their currency is pegged to the dollar that it would be like that film role over a sort of situation which was set during the time when the us dollar was pegged to the gold that you could cause a currency crisis well they weren't able to have

a currency crisis because they have so much cash that they could sustain the peg but here are the important part to what you see going on around the world in the past few years is the third element of the plan laid out by the bank to the u.a.e. the third stage of the plan would be to ramp up the p.r. machine in order to slam cutter internationally pointing to its weakening financial situation focus on the prospect of restricted access to u.s. dollar and now doubtful stability of the country the plan reads and continue to increase positions in other words keep the market cornered and feed fears about falling prices with manufactured bad news we covered that when the ruble crisis was happening two years ago when the ruble fell like sixty percent once the currency peg was. told once the ruble was allowed to float freely on the markets remember

what you saw on newsnight b.b.c. almost every single night night after night was like the concern about whether or not russia would go bankrupt and just like this cover story is like the problem for that concern trolling yet it's ok to do it once but they keep on doing it and doing into it but they never had anybody point out that well the problem is that they have all this cash and they don't have any foreign bets the same with qatar they didn't have foreign debts they had all this cash so this plan was deranged it was truly deranged like it wasn't going to make any sense but you did see in a previous incarnation you saw the third stage that they were going to get you know the press to concern troll about cutter that you didn't see that when it was against you do you see it with venezuela venezuela however is has a lot of foreign that and has a currency crisis because of their they're still trying to maintain a peg were able to your point about them having a lot of cash that's great you know but if you're using that cash to defend the

currency at some point you run out of cash but this plan sounded like it was dead on arrival because the cash hoard versus their ability to manipulate that market to unstable condition was incompatible with their desire to basically overthrow the country using financial weapons of mass destruction as warren buffett himself called them you know there has been an economic blockade on cutter since this plan was concocted and that has kind of worked the cost of insuring qatari debt has risen some seventy percent since may the stock market is down twenty four percent this year and heels are rising ahead of a bond offering to be made at the end of the year ahead of that the country abruptly changed how it calculates how much foreign currency reserves it has so now they're saying they have doubled the foreign currency reserves so there has been pressure on it but again the point is. now that this plan to spend exposed the press obviously you're not going to get b.b.c. newsnight to be able to

a concern troll whether or not cutter could but it was all about getting the world cup transfer in the usa yeah it's all about them balls soccer balls football but you know we pressed this for years to make the market aware of the potential for financial weapons of mass destruction and financial terrorism and coups using finance in this way so i would like to take some credit for seeing the market with us and from any way we got it out a second don't go away stay right there. seemed wrong. why don't we just don't hold. me. yet to see. this day come to advocate and in detroit because betrayal. when so many find themselves worlds apart we choose to look for common ground.

scene years ago i traveled across the united states exploring america's deadly love affair with a gun if a bad guy tried to get to one of my family members he would have better lock with their iron i think they are and hurting one of my my babies says my book was published in the year two thousand more than hoffa million americans have been killed by far olds in the us and we had a thought to me as i did this this is a middle school we go through drills and we cut ourselves some real scenarios it was interesting to see who actually got hit by the gun i just saw i did to return to the subject to track down each gun owner who i'd met and photographed those years ago i don't know this but we are not.

welcome back to the kaiser report imax keyser time now to return to our conversation with max blumenthal he's the senior editor at alter net gray zone project co-host of moderate rebels but ben norton burn a bunch of books is an actual journalist investigative journalist he's on the front line to do it stuff you not just having an opinion and crying on t.v. like most of what we see today including myself ok so let's return to our conversation max blumenthal and. first of all it can you identify a left right so what what does the left what is it like i'm so confused what is the left about these days what is it pushing for what is the left wing american political class talking about one of their issues well it makes me want to go cry on t.v. i think about it i mean what's defined as left is anything that is to the left of

the republican party and so when you talk about left media they're talking about things like vox or ross story you know what i consider the left right now has really emerged as sort of an openly socialist contingency that is opposed to american empire and that you know kind of spaces that's been created through bernie sanders candidacy has expanded massively and continues you know expanding the parameters of debate in shaping the contours of discussion but it's completely frozen out in so many ways i mean we've got this are saying american socialism is that ok that's a phrase that's that was so talk about that a little bit what does that mean well i mean bernie sanders obviously depicted a certain amount of this he's a socialist bernie sanders that's his party's so that he feels embodies a left wing ethos at this time yeah and really at this time it is an ethos i mean you see very little policy very few policy proposals or workable way. to actually

and knock this and implement a socialist agenda so i mean it's really an embryonic phase you're talking about nationalizing industry you're talking about ending corporate free trade and bringing jobs back home putting massive public resources into you know training workers and bringing. you know. health care and a universal living wage to the american public i mean these are basic core principles but you see everyone from you know the party for socialism in liberation to democratic socialist for america pushing for these core policies and they're even marching with union members and even working to some degree with you know the working families party and other parties that work within the democratic party so you have this constellation of groups and i think they're at an embryonic phase right now we're in a new generation where a majority of millennium goals or at least a plurality actually supports socialism if not outright communism and that you know

is going to mean a generational shift in politics in twenty years prolly this generation millennial is are rejecting capitalism and they're bracing with a bully is socialism and so those arguing in this case would say well socialism you know is is not doing well in some countries venezuela for example and this it's having a tough time finding its footing over historically so is there an american socialism is there is there a version of this because i mean i could point to something like open source protocol free software like a linux is a form of socialism you have a collective they're all benefiting from their contributions to the collective and it's decentralized and as if it anarchistic but then this is a form of socialism that i think is it is american in that regard does that play into this at all in your view you know that the way that. you know even with like

a bit coin for example is a distributed network protocol it takes on the central banks it's closer to socialism than it is a capitalism is morse so totally not promote it's a fricken socialist compared to alan greenspan right this desire to play is that come into your view of things at all i mean i've heard different arguments for bitcoin princella leeds as it's like the new enron what we already established that he's a he isn't as well compensated now isn't so he said if there's no central government there's also a little back and so how could how good could it be and now he's facing jail have his wealth confiscation but is part of this socialism this american socialism really kind of go on a tangent here but just go picking your head of it there's a certain american tradition of self-reliance and anarchy if you will going back to thorough you know and going back to the well whitman and you know that's a very american way of thinking and it's not hard core you know it is a it's different form of thinking that we haven't seen represented in the daily

discourse anymore does that factor into american socialism at all or your thoughts let me just clarify one thing which is that i am not the post-modern eugene v. debs sitting here basically what you introduce me as which is a journalist with a critique i have my opinions i'm not a socialist leader and i'm trying to give you a sense of what i think the left is like in the u.s. . when you really talk about the the the sympathy for socialism is not the our advocacy for it among young people under thirty five you have to just address the situation that they've been placed in after decades and decades of deregulation of libertarian style economics and they're not in a very good situation by and large most many of them are just in deep debt for the rest of their lives there aren't a lot of good jobs out there they don't really see themselves driving labor twelve hours a day is

a really good option and. are sympathetic to the kind of messaging that we heard emanate from the bernie sanders campaign and that's actually even being sharpened in a more radical way by groups that are doing really impressive organizing around the country like the party for socialism in liberation i mean their ranks are growing the ranks of the d.s. they're growing and it's really because of the actual real life situation that young people see in this country and i mean we're done where when when you talk about people really getting involved in the resistance this kind of centrist movement a lot of these people have a lot of skin in the game and they feel they actually feel threatened because in many ways they've benefited from empire they're doing very well living in one of the coastal cities but the people who aren't doing that well well they're either looking for alternatives or they've totally dropped out and that's why you see also record numbers of people simply not voting you know when you're spend time battling the influences of extreme right wing warmongering ultra capitalist forces that are

tearing the country tearing the economy part that's obvious if cappy many capitalists are complaining that this system is eating itself and in a way that's completely unsustainable so you you're on the front line fighting that so how do you develop a constituency of how do you reach out to this what's the message to this generation let's call it like what are they how are they going to rally around what what point how do they coalesce what because it's got to be something that the peeling it just can't be you know we got to take in this is just an insurrection i mean is are we heading toward an insurrection where ultimately the social contract completely broken and a whole generation just stands up and says we're just going to seize power and we're going and that's good and that is that we're going to see the seeds of that happening i think that's what we need to be building towards and in so many ways i think when you look at what liberal democracy has brought this country it's. it's

brought it a system that's so easily for elites to manipulate for baxter's to manipulate and so first of all one of the issues one of the ways to reach out to a constituency bring people in who feel left out we actually saw this from trump and not hillary clinton which is to have an actual incendiary critique of the system and the forces that are abusing people whether it's wall street or the war makers on the real sources of foreign influence like saudi arabia and the pro israel lobby that are taking us to war and exacting moral injury on the heartland where most of the troops come from we the neo cons there's no critique of them coming from washington so that's one way to win a constituency trump showed that to be true bernie sanders showed that to be true and hillary clinton showed the pitfalls of refusing to offer critique because it wouldn't be credible coming from someone like her who comes from that system but what can you do in practice you know i have personally been involved in the b.d.s.

movement which is civil society movement that is operating on a global scale to boycott divest from and sanction israel it's been a very important movement in educating people about israeli apartheid minutes had an actual effect on moving israeli companies out of occupied territories but there's no candidate who embraces these issues right now so this is the flashpoint in the middle east for decades is what's happening israel palestine this is undeniably the the the zone that the are the piece of the puzzle that's it without it being on a lock without that being solved there can be no kind of progress whatsoever in the region in that that is the key bit it never gets solved it never gets unlocked and this expansion into these occupied territories is a heinous stain on americans who don't seem to be bothered too much by it

and it causes. obviously an incredible conflict in that area and you've been talking about this you take a lot of heat from on this on this topic but it seems like things are changing and when i grew up the story line was very. toward israel was you kind of believe the the story that we were told without question whatsoever benevolent. force in the region for peace and you know on the shuttle and a commune and then everything was fiddler on the roof i played ted it in my sixth grade production of fiddler on the roof i'm going to skip alien but. you know that this was in our in this era it's there is some serious questions being asked about what's going on there what the b.d.s. movement is. gaining any traction. i think a lot of people who grew up watching fiddler on the roof who are of my generation

and who went to hebrew school or even went to yeshiva or actually disgusted by the vision that benjamin netanyahu has to offer and you see these groups like if not now which are comprised mostly of students who are young people who at the jewish day schools and things like that getting involved in anti occupation protest activity they did a huge protest here at the annual convention of apac the main arm of the pro israel lobby this year this is a follow there's a question if we have time for this question you know there's you hear this narrative for decades we're never going to forget we're never going to forget what happened and you know in looking back a story is never again i never get to anyone but us how did it happen you know the concept of never again is you know there's two different ways of looking at it what netanyahu offers is a segregationist narrative never again only to us and you know then there's the universalist narrative and you can look at it in any different you know set of ways and see that massive atrocities are happening to people. crossed the world and some

of them are being carried out by those who are uttering the mantra never again and so it's that kind of moral hypocrisy that i've always tried to call out and i think you know you're seeing a lot of the contradictions get exposed right now the mask is lifting in so many ways i mean you even have elie weisel the you know icon of holocaust theology being exposed for at least accused of sexual harassment as part of these this flood of allegations from harvey weinstein so i mean nobody nobody is able to maintain their moral sheen at this point i mean look at just look at what's happening in washington these past few weeks whether it's you know man afford being indicted for thirteen million dollars of money laundering off the books and then you have tony pedestrian leaving the pedestrian group because he had the same account and he is involved in the same corruption with the ukrainian government he hands over the reins to the deputy director of jeb bush's campaign you have this bipartisan swamp

of corruption george h.w. bush gets accused of calling himself david cop a feel and you know groping women harvey weinstein the icon of liberal hollywood who is hillary clinton's big bundler is possibly going to be prosecuted for rape anthony wiener went to jail yesterday i mean you look at this from brussels or beijing of what's happening in washington you're looking at sodom and gomorra and meanwhile we're preaching to the world about liberal democracy and the values of freedom it's ridiculous so i mean this is what the trump era has really brought out which is all of the internal contradictions of this country the mask is off and i think in many ways this will encourage or hasten the kind of insurrection that you mentioned i don't know what kind. of no i call the global insurrection against banker occupation that all these flashpoints around the world are are part of that got the job because jumbo. feel free to use that no name my first son name name

thanks for being on thanks for having me i was going to do it for this edition of the kaiser report the nice guys are safe here but i think our guest max blumenthal if you had to reach us on twitter it's kaiser reported so next time by all. means do the chicken hawks forcing you to fight the battles are going. to stop trying to tell you that fluffy gossiping tablets my file for the most important day. i'm telling you i'm not cool enough to buy your product. all the hawks that we along with our audience will want. to.

apply for many clubs over the years so i know the game inside guides. the ball isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the superman each kill the narrowness and spending to get to the twenty million and one player. it's an experience like nothing else not to because i want to share what i think from what i know about the beautiful game but great so one more chance with. the case it's going to take. our.

own welcome to all the part of the truth in this ration may be unconventional in many ways but like most its recent predecessors it also wants to try its pound at mediating b.s. really palestinian conflict the u.s. delegation led by the president's advisor and son in law of jericho is expected in the region this week the stops in a number of arab capitals including cairo is the current us administration well equipped to take on the challenge like this especially given the divisions at home well to discuss that i'm now joined by foreign minister of egypt so michel great minister it's great to see in moscow thank you the last time we had a chance to talk to you was in spring of two thousand and sixteen in the final.