to rob a bank is to buy a bank or therefore something like that this is all going to make a lot of sense stacey well for those who don't know william k. black was a special prosecutor during the savings and loan crisis in the 1980 s. when there was widespread fraud especially there were a lot of congress people involved in some of the bush family involved and he said at he put 800 bankers behind bars and that set in motion the boom times that followed where all the all the criminals were taken off the street by wall street he said the best way to rob a bank is to own a bank because therefore you get away with crimes here is crime in this headline because many people do associate with mexico with the cartels and crime wave here curbing crime could boost mexico's economic growth says think tank cutting crime in mexico could encourage more investment leading to higher economic growth the

private sector think tank said last week that is why it is indispensable to guarantee the security of the private sector center for economic studies said in his weekly report i don't get it may and i mean look at america we know at j.p. morgan we know and jamie diamond their business model is to keep $0.90 of every dollar they steal they pay 10 cents of every dollar they steal as a fine they play hundreds of millions of dollars in fines jamie diamond before the crisis was mid level in america and now he's a billionaire from committing serial fraud and they've been you know had to face the music many many times so i don't understand why they're singling out mexico it seems like crime pays well this is a local think tank and they're looking around and wondering why is the 1st year in a decade that the economy the g.d.p. has shrank and they're saying well perhaps if we cut down on all these. headlines

on these stories of cartels beheading people but yeah you're mentioning that there is a crime wave that goes on in america and perhaps if we got rid of all the jamie diamond taking all the money perhaps member the velocity of money chart we showed perhaps there would be more velocity of money but just in terms of ending that crime if you end the crime at the end the violent crime on the streets you know what is there in the world except for a few system and financialization so if we've also covered that like with boeing or union pacific all these normal like manufacturing sort of jobs that are supposed to build things all they do is extract and then destroy and they don't invest in the economy here this guy is saying well if we just get rid of the violent crime then people are going to mess here but nobody in the us nobody invest it's all speculation and by initialization and hollowing out of assets i remember during the 2008 liquidity crisis when credit froze the only actual money available for banks to keep the lights on came from mexican drug cartels it was part of the

mexican drug cartels and italian mafia yes they did say there we covered that with the un itself there organized crime division says that that was the money flowing especially through europe but again i mean obviously crime getting rid of crime and violent crime is certainly a very good thing tens of thousands of people are murdered every single year here of course there are several big banks we won't mention them that have paid fines for participating in financing and laundering money for those gangs but speaking of crimes i want to turn back to the united states because lloyd blankfein has been in the news intervening in the elections these 2 tweets are just a great story about all that is america right now leading into this election where the dons of these mafias run everything like the lloyd blankfein and they think everybody else is a deplorable so he said if democrats go on to nominate sanders the russians will have to reconsider who to work for to. best screw up the us sanders is just as

polarizing as trump and will ruin our economy and doesn't care about our military if i'm russian i go with sanders this time around he has the nerve to say that it is sanders who will ruin the economy not my credit default swaps i remember they there were e-mails that one on in goldman sachs where they knew for a fact that those mortgage backed securities they were selling to grannies to pensioners they knew for a fact they were sacks of bleep and they said it so so they defrauded they stole from these old women that crashed the economy the widescale fraud crashed the economy right lloyd blankfein over of goldman sachs when he was running the place they knowingly created securities that had no in no bally whatsoever in the secondary market they were synthetic securities that they got caught peddling to their own customers and then they made negative bets against

their own customers knowing that when their customers realized that they had been sold these synthetic non entity securities that they would be in financial trouble and so they shorted those companies and they made money on the collapse of the companies who they sold the stuff to cause the collapse of the companies that's number one so lloyd blankfein is a no moral position to lecture anybody about anything furthermore this whole business about blaming russians by americans is getting really pathetic because here's a guy who's effectively trying to dehumanize a whole group of people slavic people in this case this is remarkably ironic coming from lloyd blankfein let's go back to his tweet because again he said that that sanders doesn't care about the military but again goldman sachs pays less than 12 percent tax rate lloyd blankfein himself i don't know what he pays but i'm sure we know for a fact according to the i.r.s. that the billionaires pay less. taxes than the working class there are loads of

people in america who are the elite they pay very little taxes relative to everybody else but they love spending our money on military and big wars and budgets like that so again i'm going to turn to another tweet response to this from chris our nod he's written is an amazing book about the deplorable is traveling across america talking to deplorable people that are outside the you know the front row class the people like lloyd blankfein and hillary clinton and everybody on m.s.n. b.c. and he used to be a banker and i'm not sure if it was that goldman sachs but it was one of the wall street banks there if i'm russian i would go with hawking synthetic c.d.o. is to blow up the u.s. economy and screw over homeowners like this is so obvious it should be so transparent that the fact that lloyd blankfein gets put on c n n r m s n b c to say this sort of stuff to propagandize the americans and confuse them and divert them from the fact that he himself helped destroy the economy is remarkable

and the deplorable so i think know that he's the one more responsible than anybody else in the world and they remember that our founding fathers said that the destruction of america would come from within never from without and these are the people from within it imploded the economy don't forget that after the collapse of the soviet union barrack dissent and a whole brigade of wall street bankers to liberalize the economy and created a whole new class of kleptocratic oligarchs that have now under the current administration it's taken almost 20 years to you know fixed up problem that was pretty much created by american bankers there's one thing to just say ok we need to stop crime and you do need to stop crime but there has to be a plan as well and you can't just be to let in these american bankers who are going to financial eyes and hollow out your economy chris are not then continues there is probably no single event more responsible for current voter discontent than the financial. crisis and tarp and lloyd was right there at the center of it amazing

but he's pointing out that lloyd blankfein was way more responsible for trump being elected then anybody else any nein there is no weaponized mean that could possibly do more than what lloyd blankfein did with the collapse of the economy his also paying hillary clinton $500000.00 to give one of the most tedious boring speeches in the history of of american speech giving and she got paid $500000.00 twice for 2 speeches to goldman sachs so again he helped her lose that was part of the many reasons why she lost many many reasons for her humiliating loss against trump pre-crisis goldman sachs the manager of a system that allowed for rampant insider trading and market manipulation then they got caught on the short side of the market and were facing collapse so they decided to become a regular bank overnight and get all the protections of a regular bank overnight and get a bill up overnight from the likes of the american taxpayer remember it was hank

paulson who had been the former c.e.o. of goldman sachs and they mentioned tarp he gave them inside information that tarp was coming so they got to front on that and that's why the boy blankfein became a billionaire for running the utility of a of a bank you know goldman sachs is now a bank not a hedge fund essentially but again talking about this trying to propagandize the americans that is not the elites we the elites have and destroy the economy it must be somebody out there thousands and thousands of miles away who doesn't speak english and but he has weaponized means that he's the one doing this here's a final tweet here about the gallup poll gallup 60 percent of americans say they are better off now than when trump took office compared to just 36 percent who say they are not that is higher than during the reelection campaigns of obama george w. bush clinton or h.w. bush 60 percent of independents say they're better off than 3 years ago when this fact happened. when trump wins reelection lloyd blankfein will say that he

had nothing to do with this that somebody else will find summaries and they'll be the ones on the television not understanding why they lost and that the economy is still destroyed because the crime wave was not stopped just like the think tank said about mexico that we need to stop the crime well they haven't stopped the crime in america and will continue to get these populist the elite don't like yellow line stop trying to dehumanize your fellow americans all right we're going to take a break and when we come back much more coming your way. but i'm going to teach you must story in 9093 this man was sentenced to death. charged with capital murder even though he didn't have the gun didn't pull the trigger

didn't intend to kill anybody imagine living in your bathroom for that week with the son of a 23. confined within 4 gray walls the folks using. to help him to leave defense room. in the troubled 19 seventies a group of killers rampage through parts of northern ireland that was coordinated loyalists attacks on the catholic population tens of thousands are forced to flee their homes to put these attacks was a p.r. you see the police actually took part in the attacks. so instead of preventing him

they were active participants in the burning of coal streets in belfast at the time more than a 100 innocent civilians were unloaded as the review can seniors and we found out more i was surprised about the extent and its occurrence which the collusion was involved in some of those cases they killers would later be named goodwin and we're getting i think it went to the very very top i think it is for all the water where all the taste since you thought was going on and gave the go ahead. welcome back to the kaiser report i'm max kaiser time now to turn to john ackerman who were in mexico city so of course you know check in with john ackerman john act well let's just get a kind of

a 30000 foot look down into the what's the politics down i've got a new leader what's happening welcome back to mexico mix oh my pleasure you know stay away from me and large a long yeah and you know i'm your man in mexico so what your mind. so you know you got past information that secret information oh yeah you brought for me through from moscow right yeah i got as a whole secret cast of information. to make the best borsch like you've never tasted did you see the recent news that the real russian agent in mexico turns out to be a 1000000 little so yeah tell me about the guy he was the head of pemex he was the head of pemex from and he could bring in yet don't corrupt head opinion there of the mix. took in over $9000000.00 in bribes from autographed and when the new government came in started to investigate him he escaped went to moscow 1st and then they discovered him in i think my law my life i

live my life this is a very important achievement of the new government in terms of bringing accountability because the pemex oil company has been a very central part of mexican national economy but also has been a source of incredible corruption specifically in that in the previous government so this lad i'm glad that you were able to root this. then this bad actor out high crime was very happy to finally there's a government in mexico that's willing to step in and root out these bad actors exactly like i was asked to john you know their government is doing great what else is a still government doing the new government is trying to really put back on its feet the mexican economy because. this been new liberalism as you know really taken its toll so what's taking place all you already know there's what else new liberalism is i. don't know quite yet but i'm not sure what it is what is it must look like it's similar it's fascinating because mexico really arrived late to this you know

progressive wave which hit south america you know it's you know i believe you have been as well lek with order argentina brazil had this you know pink wave and mexico was just you know in the same old same old and all of a sudden when those countries are going back to the right now all the sudden mexico has turned turn left in argentina as well and so what mexico is trying to do right now is you know really sort of pick up the pieces 1st this case of corruption and pemex is not the only case the corruption there in the previous government was just out of hand so we need to sort of recuperate the power of the government to regulate the economy and the open road has said that he what he wants to do is repeat what the what his did in that and then 1000 century but it took quite a separate church and state really radical mexico and probably has the most radical separation of church and state even more than france and now looks to as he wants to do is separate public and private you know respect the private sector but

recuperate the honesty and integrity of the public sector that's his central project and this new deal that's been worked out the u.s. amsi. the place of nafta it is a fact or is it significant and very interesting because historically the left as it was very much against nafta right this free trade agreement which is actually you know in the favor of the transnational corporations to have free exploitation of the different countries but nafta is now sold you know it was passed and a 9293 came into effect in 94 it's now been there for so long that it's really has integrated the 2 economies in a subordinate way mexico of course has been an exploitation of mexico by the united states but it's so they're still into think the economy is now 2 for adults or to come in now and say no. we want to end nafta would have been really irresponsible to had sent our economy into a tell tale dive and nosedive and it would've really made it much more difficult for books or order to do his social programs because the other side and addition to

combating corruption he's you know now that 910000000 new. scholarships being handed out throughout the country to old people to students to indigenous people to most of the marginal sectors and so what he has said is well let's you know rethink nafta he's worked on the new agreement which was actually worked on mostly by the pena ministration because he respected those those agreements and you know basically in the negotiations the next government. stopped trump from turning this into a worse agreement for for mexico and still from my personal point of view continues to. you know privileges the united states corporations an economy over mexico continues to through woods you know big corporations over the working class but for instance there's been a side effect very positive side effect in that mexico has been forced to pass a new labor legislation reform its constitution actually to be. you know accepted

by the labor unions united states this new agreement and this is actually created a new scenario for free and fair elections within the unions in mexico something we haven't had for a long time and so this might create you know a new wave of labor activism and strength of the working class in mexico which could be a very good secondary effect of the of the neck right now you mention an interesting cycle there a moment ago you're saying that and latin america you had lived to the left in various countries bolivia and others and now that they've gone and mexico so much static and now they've gone right certainly in brazil they've got a new what you could call right wing leaders. up there and that mexico is now got embraced a left a leftist government but this is kind of cycle in latin america we've seen a long time it goes from the hard right to the to the hard left back and forth for

a long long time the left comes into power and a lot of money is printed. social programs are in acted and people get fed up because they feel like they are needs to be a return to some kind of work ethic and so they bring in a hard liner and the hard liner is too hard and this cycle seems to be rotating in latin america for decades and decades and is it is this just another chapter in that cycle or is it different this time john i think it's different. is the wise man on this because i support him if you actually look at what he's doing he's learned from this experience is he hasn't been irresponsible fiscally or even monetarily he's not printing money as you said his inflation is actually lower now than it was with banging at the guys who printed the money the real populist the irresponsible ones were the priest those were the new liberals because they need all this extra cash to buy votes so they didn't have political dilemma say look i don't know who has political didn't said i want president what about the you have

to do this idea of socialism because it in america and in and yet there is like corporate socialism already growing that goes to the corporations top corporations and then there's this populist socialism more money printing goes into social programs etc and so but nevertheless neither one of these seems to work and doesn't work and i states either we now have and trance kleptocracy $100.00 states and it's a lot of money printing and they want to print more money to keep rising so in the current government in mexico. it seems that why not why not just a return to sound money that's what's up in a minute so that's why. very wise he's been very pragmatic responsible in this area he's not you know the peso is actually strengthened there's no inflation one of the place that has less inflation than before and the way in which he's getting money for social programs is one what he calls republican austerity he's taken back the

name of austerity austerity was used by the neo liberals too as it is. a mask for a cover up you know taking away social programs right it wasn't really austerity austerity what is all still being all steers being you know with all privileges being kumble being honest and recuperating that original idea of austerity so he's cutting back a government but not government social programs increasing social programs and cutting back at social government bureaucracy is incredible how the new liberals who are supposedly against the state ballooned to created all sorts of different new public officials card up their friends and their family members to do nothing and so is cutting out that he's ending tax evasion he's not increasing taxes interestingly enough not to talk about tax paying and that he's not increase he's promised promised to not increase taxes but just to increase tax evasion because mix will bring in about 17 percent 18 percent of g.d.p. . for public income and of that 56 percent is from pemex

a really taxes it's like 13 percent 14 percent and on the books at a much higher so if you actually just charge and fiscal paradises right tax evasion you can actually bring up this income and that's what's happening just a few days ago. had a big dinner and the national palace with big businessmen and which he invited them to contribute voluntarily for instance for to pay back pay off this incredibly austin taisha ridiculous an. airplane which had been purchased by calderon an opinion yet though which nobody wants to buy in the market because it's so ridiculous that then they say as we came up with a it's been. so plan of issuing lottery tickets and he's getting the wealthiest oligarchs of mexico to chip in with his millions of dollars for that so he's finding other way to bring in the money without falling into these. other strategies by the government of the past right so it's

a break the cycle that we were talking about there so the the the top wealth feels like they're getting squeezed and then they get become very active politically aggressive. and all kinds of nefarious things happen bad words i mean sharp strategies for instance right that you know the the soft attacks on on regimes so he fails you fail and i guess he feels that there is a way to wind your way through this and get oligarchs on board to some degree ok now i mean just broadly speaking this was kind of what putin faced when he saw number in the russian federation is he had to he had to de masculine you know marx but in the same without actually throwing the country into greater chaos exactly so here we are almost 20 years later and you have g.d.p. is. life expectancy is up with social metrics of social well being are higher and so it's not a model i mean what he look at that as a model that's

a good point in a model i don't like that for trolling the global media. putin has done a great job of getting having his populist behind him as well right he has a very popular right now reading this or that as well 71 percent support groups wrote today i think this is based in some ways i'm ok. deftly a touchy feely guy that takes economy class and he's a like a furby doll. whereas putin obviously has a persona that is the man on the horse kind of riding in and taking charge and it's a different persona but the objective seemed to be the same i wouldn't do that rush is the model for mexico but i do think that. there is a there's new space for experimentation today in the world but. you know the really exist in common is around a long time ago 30 years wave the fall the berlin wall but now the new the option of new liberal capitalism is also dead and trump is has just sunk any idea that the

united states from the liberals could be an example for for anything does the you don't get growth you don't get equality you don't get peace you you know it was all that before it's and so. so any support is idea right and so there's a real fastening space for creating new alternatives and i think that the loops are that is is is turning into even though he has not travel all around the world trying to you know go to the big you know geneva on the big international forums but i think that what we're doing in mexico is setting an international mark guy here in the media do you know what talent land is talent landed on her you know not just the last 70000 people from all over a lot america get together in guadalajara for a check and media boom camp for days and it's this was good this is the future this is where the next growth is going to come from this generation so this is like a woodstock meets you know microsoft campus right i mean sounds wonderful it's huge

i mean this is the type of thing that when i would think i would corporations control the media it's totally decentralized as you know hundreds and hundreds of sponsors but it's mostly user generated user one more work will be there will be speaking there and you know talking about what we always talk about the return of hard money sound. which i now i've you become around to have a more positive view on pickle and i think you've been somewhat lukewarm on the idea it's not some fall to fly the all and all the big chorus from back skies are so real so that means i have to do a little bit i don't even know you haven't committed my yes just i 1st got on 1st going to buy a lottery ticket for the for the airplane the present in mexico that's my 1st a. and vestment but you know you might convince me i'm. all right you know look even better at a 100000 a calling than it does now and how much how much how much money if you meant off a bit because in a calculus in calc kilborne mouth it's like it's just it's unbelievable so why

don't you buy the presidential airplane i try not to be ostentatious but i did think about you know what i'm going to play because you know you have to trump is offered to justin trudeau has offered it to the heads of saudi arabia no one wanted to go 125000000 i put it exactly but i would like peanuts rewrite yeah but i know i like a good deal like anybody else well i don't like to overpay right john we've got to go but thanks for being on the guys thank you so much max and honors always be all you so you're our best guy your man in mexico i do not see what i'm going to do it for this edition of the kaiser report with me max kaiser and stacy i would want to thank our guest john i command if you want to reach us on twitter it's kaiser reports next time. i 1st heard about we can exist you know songs from. the cops

a fortune in iraq. i think people. in the u.s. military who have never forgiven him for it this guy's a traitor a treasonous and and he has broken every law the united states illegally shoot son of a. story to have. with his computer to see what crimes and to a global audience. the idea of developing an anonymous. and applying it to a media organization is because he makes that was the 1st. i didn't the tour. i think that he would be for a short while right and wrong one of the world's most all news organizations standard founder julian a song in a song no you've done and there was

a great deal of jealous in the mainstream towards him particularly why won't he be more like all that you seem. mean feces on the walls. we have julia in solitary confinement in the prison for terrorists and we don't have a life in pursuit of the person. and i don't see him dying. and i think that's what he's facing. we're still in an era of resource colonialism again this is a big risk and the one big thing that could really inhibit the kind of electric vehicle revolution that a lot of us want to see is if we can't resource the battery components in a sustainable ethical way and it's not going to be

a successful revolution. u.s. media claims russia is backing both the republicans and the democrats in the 2020 presidential election. kick off another alleged russian meddling campaign stateside . accused of fueling hatred politicians in germany blame the rise of the migrant alternative for germany party in the wake of wednesday's terror attack. on the new york times while the afghan president over an article written by a taliban leader looks at the ethics of giving everyone a free speach.