he said the best way 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 both 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 dimon their business model is to keep $0.90 of every dollar they steal they pay $0.10 of every dollar they steal as a fine they played hundreds of millions of dollars in fines jamie diamond before the crisis was a mid-level guy in america 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 it's the 1st year in a decade that the economy the g.d.p. has shrank and they're saying well perhaps if we could. 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 dimon 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 it and 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 initialisation hollowing out of assets 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 that 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 crash the economy right lloyd blankfein over 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 dehumanised 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 as 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 america sent in 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 vote. discontent and 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 a 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. and this

fact happens when trump wins reelection lloyd blankfein will say that he had nothing to do with this that is 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 elite don't like yellow line stop trying to dehumanize your fellow americans are you going to take a break and when we come back much more coming your way. when all is true seems wrong. why don't we just don't call. me.

yet to see proud disdain to come out to. and in detroit because betrayal. when somebody find themselves worlds apart we choose to look for common ground. 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 then it's not going to be a successful revolution. i can't show you my face but i'm going to teach you must. in 9093 this man was sentenced to death they could 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 scent of a 23. i doubt that i'd be very happy but it added very. confined within for green walls he fights using. turn on to help him to leave death row. welcome back to the kaiser report imax keyser time now to turn to john ackerman you know we're in mexico city so of course you know check in with john ackerman john ackerman 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 a lot of a long yeah and you know i'm your man in mexico so what your mind. so you

know you go past information that secret information oh yeah you brought for me through from moscow right yeah i got as a whole secret cache of information. out of 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 the corrupt head opinion and 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 by lee i live my life was 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. bad actor out problems 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 this new government doing the new government is trying to was really put back on its feet the mexican economy. this been new liberalism as you know really taken its toll so what's taking place all you already there's what else neo liberalism that's . what i don't know yet but you know i'm not sure what it is what 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 haven't as well like with a larger 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 i 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 and to the place of nafta it is a factors that is 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 in 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 interlinked economies now to further up sure 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 pinions of 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 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 to 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 atomic right now you mention an interesting cycle there a moment ago you're saying that in 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 then

a hard liner is too hard and this cycle seems to be rotating in latin america for decades and decades 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 and they didn't have political didn't see look i don't know who has political didn't he 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 $1.00 of these seems to work and doesn't work and i states either we now have an entrance kleptocracy 100 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 to. 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 humble being honest and recuperating that original idea of austerity so he's cutting back at 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. up their friends and their family members to do nothing and so he's cutting out that he's ending tax evasion he's not increasing taxes interestingly enough not to talk about tax thing and 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 from pemex a really taxes is like 13 percent 14 percent and on the books are much higher so if you actually discharge end 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 a 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 opinion yet though with no anybody who wants to buy in the market because it's so ridiculous then basis we came up with a spell. 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 al 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 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 number in the russian federation 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 when 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 population behind him as well right now he has

a very popular oil rating store that does well 71 percent support groups or today i think this is. 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 know it was all that before it's and so. 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 there that mark guy here in the media do you know what talent land is talent land of them heard of you know not just the last 70000 people from all over a lot america get together in guadalajara for a check and media boom for days and it's this was good this is the future and 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. now i've you become around to have a more positive view on piccolo and i think you've been somewhat lukewarm on the idea it's not some follow to a 2 carefully i go all i know a big call is from banks guys are so real so that means they have to do a little bit like i don't even know you haven't committed by yes just i mean 1st i'm 1st going to buy a lottery ticket for the for the airplane the president. that's my 1st the. 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. 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 i was going to put those you know you have to trump is offer to justin trudeau has offered it to the heads of saudi arabia no 125000000 i put it exactly but that

would look like peanuts for you right yeah but i know i like a good deal like anybody else well i don't like to overpay but john we've got to go but thanks be on guys thank you so much max and honor as always be all you and your our best guy your man of mexico. well that's 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 ackerman if you want to reach us on twitter it's kaiser reports next time. so what we've got to do is identify the threats that we have. let it be an arms race. and spearing dramatic. move. i don't see how that strategy will be successful very critical.

tom. i 1st heard about. it in iraq. i think it down to people do you mean i mean us military who have never forgiven him for. this guy's a traitor a treasonous and and he has broken every law the united states illegally shoots out of a. story to have. independent journalists he's puter to seeing to see who is what crimes and to a global audience. the idea of developing an anonymous. and

applying it to a media organization is what he makes that was the 1st. i didn't the toy anticipate that he would be for a short while worlds time and room one of the world's most powerful news organization standard founder julian assange. and there was a great deal of jealous in the mainstream towards him particularly why won't he be more like off seem. sneering feces on the walls. we have. in solitary confinement in the prison for terrorists away team perhaps i've been through some of the perks. but. i don't want to see him die in prison. and i think that's what he's facing.

supporters of wiki leaks founder julian a song smart she in solidarity with the imprisoned whistleblower ahead of his u.s. extradition hearing on monday a number of celebrities were among those to address protesters in london. america has not given up seems tome said told paul shall i think all the sun is provided a. safe place for information to go on they don't want dissidents they don't they want what looks like a free press. us media claim russia is backing both republicans and democrats in the 2020 presidential election as anonymous sources warned of another alleged a middling campaign stateside.