maxence niecy warned us of a new way bankers to generate cash and bankrupt consumers in the process designed to dollars find out what's what that's all about coming up on the report next. max kaiser this is a kaiser report you know every time you spend your money you increase the debt in the globe which decreases your purchasing power that's why you're going broke that's the word there but there's a new dimension now a new way for you to go broke it's all doing good dollars we're going to find out all about it but first let's bring in the lovely the talented things here max all my headlines today have to do with this sort of neo feudal gulag casino state the first headline reads the european gold confiscation scheme unfolds european parliament approved the use of gold as collateral according to their press release yesterday's unanimous agreement by the european parliament's committing on economic and monetary affairs. they go by to allow central counter parties to accept some gold as collateral under the european market infrastructure regulation and here another word for king is through the