and just a few months before he passed away and eric schmidt over there he wasn't yet c.e.o. of google at that time but he was obviously part of this union of people who get to go to the boss of the government budget especially the defined budget in terms of the allocation for darpa and all the investments in silicon valley so they get that's like a union there that collectively got to sit down in a room with the president and negotiates basically you know cushy jobs for themselves because she contracts write another word for that would be a cartel this is a tech cartel and no less punishes than the opec energy cartel look another way that you can rectify the situation is that anyone's got a social security number in america simply put one percent of all fronts that are under it not all straight all stocks all bonds all currency swaps into social security and give all americans a chance for just being in the economy that they themselves are building and paying

for through their taxes why should americans work as a tax a stall and obamacare stall that have through the central bank that money transferred into the pockets of a few cartel members to create wealth and income gap social unrest social cohesion risk and wide scale poverty why should that happen does nothing happen use your engineering skill to do something aside from lining your own pocket in an ugly self-interest and selfish way eric schmitt or move to somewhere else we're new to this country well actually speaking of living somewhere else google is working on contacts with the chinese government and that has been in the news quite a lot lately this is a project called dragon fly so former google scientists tell senate to act over companies on ethical and unaccountable china censorship and a scientist who quit google over its plans to build a censored search engine in china has told u.s. senators said some company employees and he said senior employees may have actively have subverted. an internal privacy review of the system jack paulson resigned from

google in august after the intercept reported that a group of the internet giant staffers were secretly working on a search engine for china that would remove content about subjects that's just human rights democracy peaceful protest and religion i view our intent to capitulate to censorship and surveillance demands in exchange for access to the chinese market as a forfeiture of our values and governmental negotiating position across the globe paulson told his bosses right away putting into cultural silos intellectual silos being essentially this is a postpartum lab test tube baby other words you're born. through means that would be natural the zygote is created in the womb your birth into this reality a test tube baby is done artificially what china and google want to do are postpartum test tube babies they want to target the entire population and turn it into a glass wall blinder blinkered non understanding non seeing blog

that they can see down there call it like ducks in a fog while farm and then steal the liver and kidney for you know a few bucks right there treating us like journal now this should be discouraged obviously because it's a direct repudiation of every single word in the frickin constitution this is a news choose exactly this was happening in china i don't know if they have a constitution but we do here and the fact that most people are very happy to get outraged about stuff that happens in other countries so i see what the intercept is doing that most you know right on sort of right thinking people in silicon valley and new york the likes that watch rachel maddow might be like down with china down with the censorship down with the surveillance and yet one zooms this is also being an active here and that. well the very fact that you know certain people

are blocked from twitter and disappeared into a memory hole like perhaps people in china feel the same here like rachel maddow and anybody who sort of watches her will agree that we don't want to see any alex jones videos well maybe the people in china feel the same thing about the people that who are disappearing that maybe they feel the same right on as rachel maddow and that feel like what we need to disappear that person on line because we don't want to hear their opinion and of course that's happening here and you know the five eyes program the five countries that a days in massive surveillance and we know that the government is surveying americans in real time through all of their operad is through all electronic communications and this is a fact so there's no supposed to benchmark your policies toward a dystopian nightmare like what's happening in china so like the people in the washington shouldn't look over in china and say that's where we want to go we want to go toward a social credit score where if you blow your nose at the wrong time in front of the

wrong person you can get on a flight and go somewhere yeah but here is eric schmidt one of the leaders of the resistance we saw the videos from google after trump was elected like how horrifying this was but here they are working in china on an acting authoritarian dystopian future policy and they're happy to do that so it's like well even we have the principles or we don't so either you shut up about authoritarian ideas in one country and if you if you are happy to facilitate them and another eric schmidt is addicted to spying you know stone is an alcoholic or to doug's drugs they're in denial right they they are they don't see themselves as having a problem eric schmidt has a very deep rooted psychological problems addicted to spying on people and he's trying to be in denial by saying he's justifying it and saying somehow he's not he doesn't have this problem and he's a social pock pock marked. on our society and he looks at it you just look at the

guy and you can see that the sky is a blister an open sore on the american economy and he's a bull glistering plus phil nightmare that's nobody is. you know extracting from our public debate sadly and then finally i want to look at this one bed of the story that is remarkably so where we're able to say oh my god this is horrifying and this happens in china but the exact same thing happens here paulson said that the dragon-fly system that google is developing for china contain code to ensure only chinese government approved air quality data would be returned at response to chinese users search the country's authorities have a history of manipulating pollution data raising the possibility that google would provide chinese citizens with false information to downplay the amount of toxins in the air so look at what happened with fracking so in north dakota for example you have to dispose of the fracking water and the fracking water has is highly toxic you produce four gallons of toxic water for every gallon or well every barrel of

oil produced you produce for barrels of toxic water well once there's so much nuclear waste in there that radioactive waste that they basically just deep cold memory holds the information they just they got rid of the laws against it so they just said ok we'll allow it so i'm just saying we have the similar laws we just disappear in memory hole facts that are you know contrary to profits we have to corporate profits so we're saying well ours is capitalist authoritarianism there is this communist but it's a classic example of somebody you face and tell you it's raining all right well much more coming your way right after this break don't go away.

right this is a fantastic suggestion up on what's happening here in los angeles voters will get a chance in november on the option of having a public being. about the measure ok well i'd say it's actually measured to get a charter a madman now a city charter has a provision that says that the city may gauge i'll be french and municipal corporation that's because back in one thousand thirteen except if it wants to do. something for a commercial for commercial enterprise they have to get permission from the voters right so if voters of the city create a purely commercial enterprise thus amending the city charter this changes stuff right what sort of activity do you see emerging out of this and your interest in much interested parties and be the citizens of glass and not only do you save money but you get back in power you get back control over who gets credit and debt or the

money going to hedge funds and not going to local business you can direct where your city needs it or you can just refinance your own probably and the savings can go to other things like affordable housing i guess affordable housing number one right now i know a fair white voters are worried about yeah i mean that's an important point to make is that it's not about being a bank it's about being predatory banks the function of a bank it's as you say it's like a utility you know it it keeps money on deposit at a certain interest rate a lens at a different interest rate and they make a sprint and that spread should be in keeping with good business practices and that's that's it that's what a bank does is no more no less what's happened is that they're in this country the wall street banks as you point out have been able to co-op in an excess of all of the banking facilities all over the country and use those deposits to make incredible risky bets and when those bets go bad they get the gun. and to bail them

out right so then we get messed over in many many instances so having a public bank would be great as the bank is also would provide competition right because now those banks like wells fargo and others who are just engaged in the most heinous pilfering and larceny mean they would have to double check back and say maybe we can't just our business model can't be to just keep ninety cents of every dollar and fraud we commit pay ten cents in a fine right they've got to change their behavior. yeah and i think it's particularly where many cities have gotten. exploited by these interest rates swaps which waiting for. the reason. we have to pay so much to wall street is because the federal reserve intentionally dropped interest rates to zero to protect the banks so the central bank is working for. like your and your insuring against an earthquake right let's talk about interest rates watch for

a second these sharpie bankers on wall street they arrive in a municipality many times like mad to be discovered it is excellent work for rolling stone and they'll say you know here's a product that will give you protection against rising interest rates and they're like oh great if interest rates go up you know we're going to be protected with this great product but they don't mention is that you're not protected against interest rates going down and that you're going to pay more right now you end up paying more so interest rates low and behold they keep going down not because the market because of demand for credit still there it's because they're in cahoots with those proprietors who are putting out the interest rate swaps it's a complete racket great racketeering card. cartel and how do we break out of that i mean while she does control the country for two centuries their famous people have said that and we try to regulate and it doesn't seem to do any good so our on the real action is to just move out of that. them and set up her

insisting that the same system is not a bad system banking is the way banks where it's a good thing it's just the fact that it's own trawled by. bread it's fine but it was full of toxic sludge it's ben i mean there's just it's product is full of toxic junk north dakota is doing something as well a public bank initiative how is it different what's going on there and bank of america credit was established in one thousand nine hundred so it's one hundred years old i started writing out of that in late two thousand and eight because i knew they were the on the state they had their own banks so i was watching them and it was the on the state that escaped the credit crisis the on the state that didn't ever go into the red they had the lowest unemployment rate and the lowest for closure rate the lowest default rate the most banks per capita they didn't lose any banks during the crisis so i started writing about it and generated you know some interest. in what their model is by law.

states revenue surprised in the bank and then they use that credit to try to leverage into the local community but they actually partner with the local banks it says right in their charter that they won't compete with the local banks they partner with them so their local bank is a friend. gets a customer so one of many ways in which the bank oh and they can record is very profitable i mentioned that there was an article in the wall street journal and twenty four a team that said they were more profitable than j.p. j.p. morgan chase and goldman sachs. so here you have an exemplary example of a bank doing what bank should be doing in north dakota and during the crisis it did not suffer it did not require bailout it remain it's up and running it is profitable so i guess you're benchmarking him out as an example for the projects in los angeles right where we get pushback on that because if you both there are one hundred years ago and we had this matter north dakota headset. but it's an

excellent model and you can like germany where that has that strong spark as and. half their banks are publicly are and are in the public sector and they hold that one thousand forty five of their economy was absolutely crashed and now there's strongest economy in europe so how did that happen then they claim a lot of credit for that so many mouths china's a good model ok probably being talked about in the in a minute or so in here so janet yellen member former fed chair she's talking about the next big financial crisis she's just suggested when it happens the fed to start buying stocks in the open market. i guess what we've seen a switzerland in other places yeah it's all down this well it's shocking him by taxing trap of the market first evolved it makes their policies look good when we know that their policies really didn't do much because everybody points to the stock market is this is this is a measure of

a good economy we are not allowed to buy or sorry our central bank is not allowed to buy stocks but the other central banks do many of them do and they're all in cahoots as we know from you know me but among others so so the fact that they are propping up our stock market makes our central bank like the whole concept is shocking because one of the biggest cheryl is an apple computer is the swiss central bank for example for example yes so and they could buy up anything they want in theory because they've got the power of the printing press and they have already declared their independence from government they're not working for us who are they working for them they're working for the banks and for this private international cartel. banking interest big banking interests which goes back to. carol quickly wrote about it in the sixty's the bank for international settlements with this cartel central banks and their goal. all waste actually to

take over markets and control and actually buy up the world to make it look like governments where it's free money when it's actually the banks that were issuing money brave a lot of the stuff they talk about and write about for years you know it's really coming to the head really coming to fruition i really see the obvious manifestations in the sky high stock prices in the bond markets and in the financial chaos that's suing all over the world this is all then it's written about in a web of debt all in we have to read we have a debt you wouldn't be surprised if any of that was this a have events coming up. i have three present when conference in two presentation and some ways of where we find you are. right ellen brown dot com and public thank you to that. public bank you know argue with my spam because report ok again thank you is going to do it for this edition of the kaiser report with me max geysers days you're like thank our guests helen brown author of web of debt if you're. a

citizen struggle to. do with the push to put in. a few of those of you hold. was. my. top stories right now here on our police in france are good by plans to private security offices the country wrestles with him. security situation.

with these agents not having you know trading having a weapon in your hand means the possibility of taking the life of the question. that america shows no sign of. even being forced to apologize. to the polls on sunday with a current of. women the media.