the creator of a film that's now out and available it's called plunder the crime of art. with a book that came out before lehman brothers went bankrupt speaking on wall street i called for a jail not a bill the. street is a fine center i now think of it as a. no it's time to make the case for why the financial crisis is a crime story and i'm not the only one who sees it this way. nomi prins was a managing partner of bear stearns and goldman sachs this is the most expensive take out the biggest crime in world history we're talking * about a crime we can't even quantify you're talking double digit trillions of dollars yeah trillions and trillions you know we at the very beginning were pointing fingers at easy money and the central banks as papering they crime wave and that

was the next clip by me brains of when i become a regular on kaiser report written many books on the subject and danny schechter this whole approach talking about really plunder the crime of our time and that's also better recurring theme for 10 years it only got worse and we're seeing now 10 years later kind of the end game as we negative interest rates for example would be an extension of what was the seed stone at that time of extraordinary overreach by central banks the theme of plunder is important because again it ties to france and all of our work is boss the out said one plunder it happens at the top it starts to trickle down this is when the mean the way at the top is plunder the whole society becomes corrupt and it is corrupt and this is part of why we have uprisings everywhere why we have that why we have trump and the these people at the time did not understand because obama had just come in everybody. hope and change is going

to be great but let's turn back to the video interview from episode one with danny schechter where you go further into this plunder in your opinion what caused the economic calamity well i see a trend over a year is 1st of all of a small leak dominating our economy and dominating decision making financialization you know of the economy itself so that a credit and loan complex began to dominate the same way that a military industrial complex dominated earlier times but then these people began to create a criminal scheme which hasn't really been acknowledged as such based on massive predatory mortgage fraud securitization and the misrepresentation of the value of so-called mortgage bundles of various kind that was sold around the world based on phony ratings and then insurance schemes that enabled them to leverage on the basis of all of this and make a fortune putting millions of families at risk and as we see now 14000000 families

facing foreclosure so all of this was done with tremendous irresponsibility a lack of regulation a lack of oversight and in fact complicity by our media and the government so the banking loan complex it's a cover for the military and duster complex because you know without actual bombs being dropped in it it to feed the banks somehow so they created weapons of mass financial destruction is wrong buffet call them before that we just call them financial terrorists and they went on to kind of ransacked the global economy they looted greece they looted egypt you know they just they they're on stoppable because they got to feed the monkey and the monkey is paper money feeding the debt pile speaking of feeding the monkeys i want to go into the comment section on the very 1st episode of kai's report it looks like it says 9 years ago that's because it's actually 10 years ago but the comments were here's one. hahaha this is awesome

i love your new show max so people are pretty happy with us so stacy is pretty darn hot. i had to put that out right now i mean i'm putting a supercut together with just 10 years of stacy's hairdos. and max guys are so hyper what is this caffeine intake like 30 cups a day oh yeah 30 is a minimum i mean that's just to get started and wow this real newscast has come a long way and it just gets better and better i appreciate and enjoy every episode so glad to have found it that is somebody who came to it for years after watching that 1st line and left a comment to say wow like now watching it 4 years later a lot of people had gone to this 1st episode at episode 1000 when we had our and 1000 episodes anniversary they went back and look i know the approach was to look at it like a crime scene what's happening in the banking sector and to discuss central banks not as economists and policymakers but as highly politicized with an agenda and

only 10 years later with the recent comments with central banks saying they need to get involved in the 2020 lection to people understand what we've been saying now for 10 years i want to then turn to episode 3 before we cut to a break because this was from matt taibbi he was an episode 3 he was at rolling stone and he wrote this piece called wall street's naked swindle so these themes of us covering the fraud as plunder is all about the fraud of the financial system naked swindle matt taibbi talks about the naked short selling that happened that attacked bear stearns and lehman brothers which had just collapse in the previous year the welcome to the kaiser report thanks very much for having me on max so daughter criminals typically use guns a smith and wesson and what have you but we're talking about financial crimes and they use the the weapon of a naked short sale and as have you reported brilliantly in your pieces naked short selling was used to demolish bear stearns and lehman brothers and you brought this name. it's short selling into the public sphere of information what's really needs

to be talked about and i want to just touch on it again today could you talk a little bit about naked short selling and how it was used to transfer trillions of wealth from the taxpayers to a handful of brokers and bankers well naked short selling well it really is a selling shares of stock that you don't have in a normal short sale which is a very beneficial legal process. what you do is you borrow a stock from somebody you say you go out and you sell it on the market you wait for the shares that start to decline and you go out and you buy back the stock at a lower price you return it to the people you borrowed it from originally and you pocket the difference that's normal short selling and it's it's a very beneficial process that helps ferret out inefficient or corrupt companies naked short selling is when you go out you sell shares of stock that you don't actually have and then you never deliver them and what's what's bad about naked

short selling is that it floods the market with extra shares of stock you know that that shouldn't be there and it just naturally devalues the stock and that's what happened with bear stearns and lehman brothers and you can tell this because when there's lots of naked short selling going on there are a lots of shares that are sold and then never delivered and the amount of undelivered shares skyrocketed but in skyrocket with both bear and lehman brothers in the 1st weeks of those crises right now to be of course coining the phrase vampire squid to describe goldman sachs the tentacle like it's all over the world seemed like every financial catastrophe in the world had a goldman sachs banker former goldman sachs banker was involved in some way and they can start selling is a topic that i knew from last week because of course i spent many years on wall street from 1900 from 1900 to the one $990.00 i was a stock broker paine webber oppenheimer silliman hotton alex brown and did they know billions of dollars worth of you know trains and. it starts selling is common

practice common knowledge on wall street people outside of wall street did realize you could counterfeit sell orders to drive prices down which is what naked short sales all about so this was yes counterfeiting and you had gone on in that interview to call it counterfeiting this is also the rise of bitcoin that happened just at the same time is a rejection of this fraud of this plunder of this counterfeiting and of course as he had pointed out bear stearns had collapsed and j.p. morgan got to take it over for pennies on the dollar but they did inherit a massive naked short that bear stearns had of silver so this bus came in the viral campaign it went viral globally international media covered it it did crash j.p. morgan buy sell very here's a little clip you did with r.t. at the time hi this is max geyser host of the cons report i want to talk to you about this global viral campaign kras j.p. morgan buy so over the fact is that j.p. morgan is a huge player in the derivatives market they've got a balance sheet exposure of something like 1.5 trillion

a lot of that is tied to their silver shorts that is to say they have sold still silver contracts that don't exist they're engaged in naked short selling this is a form of counterfeiting huge hedge funds around the world are buying lots of silver because they know that if they force j.p. morgan to have to buy silver on the open market they're going to make money so what i'm saying is you can piggyback on these huge players all you need to do is buy one silver coin maybe to sell reclines demand physical delivery of that so far thus forcing j.p. morgan and these other financial terrorists to have to cover their negative bets and put a company like j.p. morgan basically forcing them into bankruptcy because there's no way they can cover their liabilities if we all buy one silver coin and demand physical delivery to j.p. morgan a financial terrorist on a business by silver well. once again i was the background came in handy because

you know sometimes you see houses for sale for a dollar and because you have to assume the mortgage reit and the taxes in the back taxes yes so with j.p. morgan buying bear stearns it was a very cheap price but they had to assume best enormous silver short position that they bear stearns was maintaining on behalf of the government as well as some other gold shorts to keep the price of precious metals down so i quickly figured out that they short position if they had to force that buy back that so over to cover went bankrupt j.p. morgan and j.p. morgan's always been our bet or our on this show because they're you know the biggest the cop out of wall street crooks and so he the got the price from about 15 to 50 and they were on the verge of having to have some serious write downs possibly you know have a liquidity event and then they got the government to change some laws and they went even deeper into their short position temporarily know when we come back from the break we will kind of cover how that all resolved don't go away stay right there.

so soft soft skin. and a very warm welcome to you watching us in such. what politicians do something to. put themselves on the line to get accepted or rejected.

so when you want to be president i'm sure. more somehow want to press. it to the right to the press as a white woman for free in the morning can't be good. i'm interested always in the was in the house. question. they all see themselves as dying swans in their dreams. but only one in the cells and will ever make it to the till. they're ready to give their lives for the chance to die on stage if only once. not even broken wings can do to them. for generations at the madrid ski theatre ballet sweat and tears.

right welcome back to as report 10 year anniversary special looking back on some of the highlights of the crash if you were going bust over a campaign this was financial activism that is capitalism against capitalism you know something i have come up with and used a number of different ways this was to go after the balance of j.p. morgan attack their short position by getting the world to buy physical solver forcing them to have to buy in the open market and almost worked in terms of they had to well you know declare a liquidity event shut down and go for a bailout but they very occasionally got the government to expand their remit in terms of how much they could sell short they are scape the sort of damocles that time but i think ultimately we have to chalk this up as a victory there are 2 sorts of people in the world the vast majority it of them are

not winners then there are people who are winners and a lot of winning is fake it til you make it and then you actually make it like donald trump faked it until he made it into the white house here we forced j.p. morgan to do this headline this is our victory a lot of people most people in the u 2 comments will have said we lost because morgan did not go bankrupt or if the price of silver did not go to $500.00 but here is victory here is altering the fraudulent activity of a bank the biggest bank in the world supported by the biggest military and the biggest state department in the biggest treasury in the world j.p. morgan here's a headline j.p. morgan has cornered the silver market by a manipulation august 28th the world's largest stockpile of privately

owned silver 500000000 ounces is owned by one of the world's large. banks j.p. morgan chase in just 5 years i after our crash j.p. morgan by silver campaign launched here on kaiser report in just the past 5 years this article points out j.p. morgan chase has accumulated the largest holding a physical silver in the world in fact prior to j.p. morgan there was only one other entity that owned more physical silver and that was the u.s. government and that was over a century ago when silver coinage was in common use so you you identifying their weakness their vulnerability not going to the government or pleading to people to help us and give us some food stamps or bail us out it's like you identified the predatory plunder and you identified a weakness and you said target that target those naked shorts and what did they do

they made sure the never vulnerable again like that they went down bought 500000000 ounces of silver right i'm here tax credit from. my prey and i got him to commit their balance sheet to buying 500000000 ounces of silver and so now they are positive silver drone i turned him into a silver drone he's now my puppet because he's not going to go against solar now is it because he's pro silver same thing with big initially came out against decline then he gradually became ambivalent about the coin now he's positive because what i hear from my contacts and he's going to become my coin drawn very quickly and so all the big banks in the world and all the central banks in the world i mean apex predator they are my puppets. and again like at that time we were identifying to the audience around the world everywhere around the world gets to watch price report you could also watch c.n.n. and c.n.n. is going to offer you cover up they're going to tell you everything's fine everything's

a ok nothing's wrong and what the wacky conspiracy theory is that guys report he said this manipulation of precious metals and j.p. morgan's manipulating the precious metals market well cut to august 29th teen 10 years after we had already warned you another x. j.p. morgan precious metal trader pleads guilty to spoofing is cooperating with feds another former j.p. morgan precious metal trader plated guilty to criminal charges the manipulating the precious metal markets for 9 years marking the latest in the justice department's crackdown and the commodity markets right it was obvious that insiders were manipulating the price and we reported on that and the thing about decline now is that it really can't be manipulated in those ways on that scale and this is the. comeuppance for the banks and the jamie dimon of the world is that they were. met a commodity an asset class that they can manipulate that they could every other asset class stock and bond several just as they could manipulate it because they

won't be able to lend in the same way and for this reason you know it will put those guys out of business but there's 2 points there's 2 headlines that prove that we one that we were right from the very beginning like harry i'm a car police had spotted that made off bernie made off was a ponzi scheme that he was operating a ponzi scheme he looked through the numbers he told the regulators hey regulators this guy's running a ponzi scheme they did nothing because bernie madoff was respectable like c.n.n. was respectable and giving cover to these sort of people like jamie diamond he's a hero member he was on the cover of like time magazine as a hero who rescued the financial system one of the heroes of our of our post financial. kras we were identifying these issues and we were right well i think that's the essence of financial journalism i mean other journalists they seek the truth and to report on the truth and they take interviews and they weigh opinions and they come up with what they believe to be the truth of

a situation financial journalist would look at the numbers and the balance sheets and give in this case the truth that this bank was exposed now that truth needs to be reported to the public and the public had an opportunity to act on the truth as a journalist i simply provide the truth i also mention that if you did take that action the bank would go out of business ok that's what i reported and that's not nearly what happened of course while we were talking about the plunder in america that they were like we had occupy wall street we had what we coined giago global insurrection against banker occupation and we were of course in america they did not cover occupy wall street the media did not cover that here in france remember we said that they go fly a they were bad if they would cut the tires of all these cars of the wealthy people in central paris we also had the boss napping because all these international multinationals were fleeing town everything was collapsing and they were refusing

to pay the pensions of workers so they were always see that there's always of protesters are. always g.l.a. shown today so is the behavior of men manifest as you know we identified this trend back then and 20102011 here's a clip of us where we had actually made urban dictionary for our 200th episode of the kaiser report there are some more presence here max job oh makes it to the urban dictionary that's the global insurrection against banker occupation jabo is a movement and soon to be pac that advocates for the people against the large banks that have come to occupy. every level of government and influence around the globe let's go to remember this is our liberation economics which where we're teaching you you don't have to be the victim of j.p. morgan you don't have to be the victim of goldman sachs the plunderers you don't have to be the victim of the crime of our time thought to have actual one ounce

overman dion's meant to and you can find the money with the friends global insurrection against banker depression they try to have a 500 percent print but that's our point is that we were identifying this trend that continues to this day people in on c.n.n. and see on even fox who were totally surprised that trump won we however identified back in 2010 that this was going to be a global insurrection against banker occupation against the elite against the system we support some against the 0 percent interest rates against the bailouts for the bankers against the cantillon effect that we've identified that helps the rachel maddow and sean hannity's of the world those who live in manhattan those who have those salaries those who are are asked on the media to tell us and explain to us and understand the world around us they didn't understand the giago they ignored occupy wall street outside their front door in manhattan rachel maddow didn't talk

about it we identified that as a story. 10 years later trump is elected and they x. prize that must come from a foreign government somebody who understands all specter then we understand ourselves that they this is a kaiser report if you had watched from the beginning trump wouldn't be a surprise to brag so it wouldn't be a surprise to you. would not be a shock to you hongkong protest would not be a shock to you but if you watch c.n.n. fox or m.s.m. b.c. it all will be a shock to you right and during the 10 years there's been a transformation people were protesting on the streets and they thought they were protesting in the vein of a left wing socialist movements but over 10 years now everyone in the world realizes that there are tackling the central banks now 10 years ago that was a concept that nobody understood no activist group that we spoke to understood that at the root of all these problems of the central banks 10 years later they do when

you have people actually openly calling for the fed to raise rates as a way to do battle against donald trump so now we know what the battle is after 10 years after we called it 10 years ago the battle is with money and hard money and this money that's the battle because the story never changes as we said had warned against plunder at the top that it became becomes a way of life in your tire economy we also warned about the can till in effect again a guy from ireland hundreds of years ago who warned that those closest to the free money those closest to the printing press game unfair advantage so this is what we've identified this is what happened with yobbo here in france it continues of course and here's a headline just from this past week what they're promising for september they're ongoing it's like the 43rd and 44th manifestation of this lazy lazy own promise

black september for a lot of the wrong trey 2019 which is now. happening right well if you know your french i was saying they know they're always at the boiling point there's 0 as a manifesto about something and the french for 200 years have been on the edge of their seat hungering for a fight and they detest the ruling elites who overstep their bounds and you know in the past they've got taken measures to restore what they feel is justice again this is about report it's not about the french people expect me you need you and what we do for on kai's report and what we're showing and educating the world about. our view on to this is because we were looking at the economics we were looking at the plunder we were looking at the naked short selling we were looking at the collateralized debt obligations that had faulty laving john law who was the architect of the economics that led to the revolution being repeated by securitizing property to london the market as we've been talking about recently on

our shows is the ass and not all over again yes so the french have a level way in terms of defining what the problem is and they lead the way in terms of what the solution is yet so while we were living here that was important to see that these people understood that the elite rip you off and that they're going to steal your stuff because boss the at was here and told them that plunder at the top and up with plunder at the bottom so you better stop it at the source right away before you know what what they're always talk about the purchasing power they're obsessed with their purchasing power because that's assigned to them that they can tell in effect is going on that the plunder is going on at their purchasing power is going down somebody at top is stealing and that and that's how you know is when your purchasing power is going down for a turn it's a number it's all the same thing when you get right down to it thank god for kaiser report. well that does it for the 10 years special show of this show max kaiser my one and only stacy herbert made it all possible without her i would just be on

the straight as a close sharp. look that up until next time. payne years and crossed i started 10 years i think it's time to shake things up maybe change the branding maybe the format here is what i've been thinking about next season related episodes filmed on an island 10 experts fight it out for a trophy what do you think ok a more affordable option $25.00 text for. one red rose another suggestion. no political cookout we will literally wrote the elites. late night show it's a rare form of these days and it's cheap all you need is an old microphone in

a printed banner. to leave me with i guess i can do this and laughter politics gone wild like music. ok crosstalk is not about hype it's about meaning 10 years of talk and still going strong. if you want to change something why don't we get rid of the bow tie you know that is too much. yeah. yeah. yeah you. don't know what. the. law is on the. street. when it is it's always you know the false so. you can sleep. with bullets at the.

notion. that you're going to look you just wrote a song to me she's on that sound a soft spot will not keep it down at this time i don't talk. to me. only wonderful committed to d.c. to continue the police usually the police reports from the way. i still see the policy the policy the fisa. law. doesn't look.

like this let's look for. a meeting hong kong activists appeals to congress in washington to pass on monitoring the terrorist for me from china and return for their continuation of economic privileges from the usa. also coming up the curse of so-called liberal racism is us democratic president. americans on their parenting skills. the final few hours of israel holds out on precedented repeats itself the parliamentary election to decide . his weight to the campaign.