choice people have to make either they are for unions and for centralized banks that provide subsidies to eric schmidt and google or they have neither they have neither unions or they don't have subsidies from the government for eric schmidt and subsidies for the business through social bank gifting of money so you have to pick your kid to serve workers exposed to the market without any subsidies whatsoever but garrick smith google apple and jeff bezos announced got a huge subsidy from the government for a song like lives in la la land of unicorns and to ask the question what can we do for the workers that were disenfranchised and who are dying on skid row who are becoming alcoholic drug addicts on our doorstep who are such a nuisance you know he doesn't understand the first thing about economics but he loves the free money he loves the handouts well he loves to feel good about himself a lot of people in silicon valley like to feel good about themselves but when put to the vote like recently in cupertino where apple is based there was

a vote to have some low income housing and there were that the quotes from people who attended these are probably very well meaning sort of people probably hate and he started trouble voters in the deplorable is that voted for trump or are people who don't like you know. all this sort of situation of our economy at the moment that they themselves are standing up and saying we don't want any poor people here because then it will bring in the an educated and we don't want those people here they're only people and they have existed on this planet for many hundreds of thousands of years without this wealth and income disparity that we've seen over the past three hundred years engineer by people like eric schmidt who is an engineer who is engineer and wealth inequality has as a means to an end now if there's going to be a rectification of this then there needs to be an address on the a fundamental underlying reasons for all of this but. are people willing to accept

that reality know they're going to train more computer algorithms that take them away from reality well but it's also an overall problem with our economy is like instead of just fixing the health care system we have a system whereby you have to go to a website and beg for money and haven't convincingly distressed story and have a compelling story that people might give you money here instead of just fix saying . you know unionized and more workers are doing something different you say well let's appeal to me eric schmidt and if i like your story i might give you a billion dollars but also the fact that he misses unions that many people you know obviously thousands of people tweeted back at him yeah i think you just discovered unions i want to look at another sort of a union that eric schmidt himself belongs to and this is a headline from two thousand and eleven steve jobs mark zuckerberg flanked obama at tech titan dinner so this is

a photo from in january two thousand and eleven sitting next to obama mark zuckerberg steve jobs 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 defund 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 negotiate basically you know cushy jobs for themselves. contracts right in other words for that would be a cartel this is a cartel and no let's punish the opec energy cartel look another way that you can rectify the situation is that everyone's got a social security number in america simply put one percent of all fronts that.

underwritten wall street 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 don't need to in this country but 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 you're birthed into this reality a test tube baby. done artificially what china and google want to do are

post-partum test tube babies they want to take 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 jungle now this should be discouraged obviously because it's a direct repudiation of every single word in the frickin constitution this is a heinous truce 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 online because we don't want to hear their opinion and of course it'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't 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 if we have the principles or we don't so either you shut up about authoritarian ideas in one country and if you do if you are happy to facilitate them and another eric schmidt is addicted to spying you know stone is an alcoholic are threats 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 problem is 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 marks on our society and he looks at it is look at the guy and he can see that those guy is a blister an open sore on the american economy and he's blistering plus phil nightmare that's it's nobody is. you know extracting from our public debate sadly and then finally when i look at this one bit of the story that is remarkably so where we're able to say oh my god this is horrifying that 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 stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door. and shouting past each other it's time for critical thinking it's time to fight for them. for the truth the time is now for watching closely watching

the hawks. welcome back to the kaiser report imax jazzers i'm not certain ellen brown author of web of debt and she's also a public bank activist who is part of a much larger group of activists with a success story right here in los angeles own brown welcome back thanks max all right this is a fantastic suggestion up on what's up winning 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

a measure to get a charter amendment a city charter has a provision that says that the city may. not be french and municipal corporation this goes back to 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 the owners 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 well we would argue that we could actually have a public bank at west center commercial enterprise they would just be a public utility but if they want to actually price credit into the local community which they can do so be good for business for students good for infrastructure all that sort of thing then apparently they need to get voter permission other cities

don't have that restriction so that's what we're doing but the problem is the city council put that measure on the ballot themselves and joe i and it was just a total surprise to us and we just tomorrow we had six weeks left and the groups that motivated this it's a very active young people route there. that is mostly million you know there were down there every day and city hall trying to get them to divest from wells fargo and the city city council agreed but then the question was where do you put your money another wall street bank which is sort of defeating the purpose so they got the idea of the public farming a city bank and that and the city council got behind that which is great where we're excited that they're behind but it's short and probably bank out this group has no money so just the hoops you have to jump through to do political things here

every campaign committee is quite a bit of a loony ill's they got disgusted with wells fargo because wells fargo been doing some it shows just things all across the board they spectacularly. unbelievably bad so then they're thinking well you know we don't want to go into another wall street banks so we'll do you know is there another option and then they discuss this public bank idea and then they found alan brown in the words you've been around doing this for a while how did how did you get in yeah well a year ago they had it. i mean one person that was involved with them knew about public banking and they had an event and they had me speak and they had some other probably people speak and that generated interest. when someone else is saying these are twenty year old twenty twenty the twenty nine or thirty five hundred thirty ok so this is all new to them of course you've been writing about this for

years and so do you feel you know having seen this evolve for a while that this is going to finally be a push toward this very very necessary public bank facility opening up well and we definitely need the pressure on the ground from the grassroots and that's that's what they're bringing i mean we've had been we've had over thirty bills that have been bribed at one sort or another in cities and states across. country but way you need is a constituency that really wants it because you can always the legislators can always find a reason to say no but what's impressive weight is when you come up with some legislators that will say yes we should do this and what motivates them to do that is is that true it's really pushing it so yeah from my point of view it's like thank god big troops arrived three but we're going to have this for a long time and now we actually have a groundswell from the bottom so people are starting to understand that concept like cut out to wall street with middlemen and you save

a lot of money i mean it's just i.b.s. that if we do it ourselves it's like a cooperative that if we do our own banking which is not that complicated these days it's all coming pewter eyes then you can share the profits among the owners and your interest and most interested parties would be the citizens of the us and not only do you save money but you get back to power you get back control over who gets credit and who doesn't that are their 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 say beings can go to other things like affordable housing i guess affordable housing number one right now i know they for what 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 the banks it's as you say it's like a utility it so 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. 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 bits go bad they get the government 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 it 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. it's not like your and your insuring against an earthquake or sound right let's talk about interest rates lobster psych and these sharpie bankers on wall street they arrive in a municipality many times like matt taibbi is covered in his 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 the 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 racket tearing right as a 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 system and set up her system. 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 trolled by. bread it's fine but it was full of toxic sludge it's ben i mean this just a 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 it 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 low is for a closure rate the default rate the most banks per capita in any banks during the crisis so i started writing about it generated you know some interest. in what their model is by law. states revenues are deposited 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 the local bank is like the 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 banks should be doing in north dakota and during the crisis it did not suffer it did not require bail out it remain it's up and running it is profitable so i guess your benchmarking amount as an example for the projects you're los angeles right well we get pushback on that because if you both there was one hundred years ago and we had this matter north dakota etc but it's an excellent model and. you can like germany where that has the strong spartacus 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 as 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 i thought on this well it's shocking that they can buy a stack some trap of the market first evolve 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 but 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 can 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 interest which goes back to. carol quigley wrote about it in the sixty's the bank for international settlements with this cartel central banks and their goal was actually to. takeover markets in control actually buy up the world and make it look like governments where it's free money when it's actually the banks that were issuing many brave allow the stuff they talk about and write about for years you know it's really coming to the head are really coming to fruition i really see the obvious manifestations in these sky high stock prices in the bond markets and in the financial chaos that's going all over the world this is all ben it's written about in a web of debt all in we have to read we have a debt you would be surprised if any of that was this a have events coming out. i had three present conference and two presentation and

so was a four week five days. i read ellen brown dot com and public thank you to that. public bank oh argue with because report ok again thank you is going to do it for this edition of the kaiser report with me max geysers days are over like thank our guests ellen brown author of web of debt if you want to catch us on twitter it's guys report until next time. when a loved one is murder it's natural to seek the death penalty for the murder i would prefer it be in the death penalty just because i think that's the fair thing the right thing research shows that for every nine executions one convict is found innocent the idea that we were executing innocent people is terrifying just new

really doesn't mean that we're even many victims' families want the death penalty to be the reason we have to keep the death penalty here is because that's what murder victims' families what that's going to give them peace that's going to give them justice and we come in and say. not quite you know we've been through this this isn't the way. unfortunately the united nations security council in his approach to yemen is going need to listen to the speeches in boise fords and the monk for two months and then descend to tubes when leaks the only i mean put him into prison terms in the security council would make these statements which are always if you do. the way to the united states is dangerous for most of the illegal immigrants.

crossing our state that's not the root of sympathy i want to take on most of enter and i wanted us to sum this up but i think many of them look for refuge in the so-called sentry sites the refuse to share information about undocumented migrants with federal authorities the best person to ask than call mom. was you know no i didn't have my son i got them in a lot of class and the one that. they had that water they all choose to stay in the country with donald trump in the white house for forty gravels. both of you what if he had to be about to do the job of the old offense it struggles of many couples won't. kill what chance of putting food impulse response both of you up of up to the hope of the.

two of you. must be just. your. i. truly. was confirmation. that the country.

is the country with improving its security situation. is the most anticipated. undefeated.