imax kaiser this is the kaiser report there's a common theme emerging all roads are pointing to one culpable source of the catastrophe the big i'm not talking about brigitte bardot but ben bernanke stacey herbert please elaborate yes mag's we're going to talk about the root cause of our financial catastrophe being the chairman of the command and control federal reserve committee greece impact small for u.s. banks bernanke so this is ben bernanke speaking to the press he says we have asked the banks. to essentially do stress tests and ask looking at all their positions all their hedges what would the effect on their capital be if if greece defaulted the answer is that the effects are very small right now this is going to be a recurring theme throughout this entire portion of our program the fact that ben bernanke the law is i mean this is the beginning of all law because it doesn't mention the shadow banking system as it was described by former prime minister gordon brown when he says that the effects are minimal he's talking about the effects of what these banks report to regulators as being

welcome back to the kaiser report imax keyser time now to go and talk with radio show host and blogger at covering delta wordpress dot com dimitri kill thena us dmitri welcome to the kaiser report faceplates the tribe right dimitri here on the kaiser report we recently discussed your coverage of the charges of treason lodged against george papa drills the prime minister give us the details of this case well apparently this as you said i'm on the blogger and i have a radio show in new york and this story just kind of blew up after i heard the allegations made by a member of parliament a servant but as the minister of met him about there which is a opposition party in greece and it's the other party ram and have kind of are going to run the country over the past thirty five years and he made these accusations on the floor parliament where he essentially accused the prime minister of acting as a foreign aid ship against the greek government and that's the profit it needed to regular indirectly as well as possibly members of the family and cost of member of this cabinet from the sale of on

imax keyser welcome back to the kaiser reports on now to go to acapulco talk with jeff berwick editor of dollar vigilante dot com welcome to the show jeff thank you very much max all right just growing as your website name suggests you are a dollar vigilante say now the u.s. and the i.a.e.a. have just fired a sixty million barrel why not ask you the oil are you scared is selling oil from easter key to petroleum reserve going to defeat inflation jeff it's pretty obvious that obama understands the oil market about as much as he understands the u.s. debt market this lab absolutely no effect and it's quite. puzzling why they would even do it there's obviously just one or two reasons why they would do it one is for political gain which really makes no sense because why would they even bother to like as i just mentioned it's such a small amount that it really won't have very much effect at all the only other reason i could think of that he would even do this is there's some sort of an emergency like that's the reason you're supposed to actually release these oil reserves and who knows maybe

exchange or making a deal if you try to if you try to mislead me about price i can say hey i'm an imax trading at x. today you just offered me why you have that kind of thing through it is used as a benchmark but at the end of the day the big trade secrets off exchange and this is where a lot of the gaming takes place i don't know if you noticed that e.p. trader recently who are now being pursued by the c.f.c. see this is been a three year in the making chart a group of charges and yet why would it take three years to go after these guys will because they were doing this over the counter it is very hard to piece together what happened because there's really no paper trail right so over the counter another one another way to say all market and the b.p. scandal of course comes after the enron scandal and so the. energy market has quite a history of this type of shadowy dealing to what degree does even if you lation the futures markets and through the transmission of moral house are creating executives at oil companies who also are completely insensitive to committing fraud the biggest pr

they're changing it for virtual money that's one hundred presumed dead well to go along with this have imax about the gold farming headline reads farm ville heard lined up for market is out plans some are flotation so it's millions of users stump up real money i.e. one point eight billion dollars worth last year to pay for a virtual cow if they play online phenomenon form go the ploughs in the cows and the artifacts of farmville are virtual representations tied to the cost of electrons of which there is no cost and it's infinitely reproduceable so you're taking again your labor. you're getting ninety nine percent debt back to be out of money for your swapping it for a virtual currency based on the currency again driving all of your net worth down into the prison level where you are to live thanks to saying good dollars and farmville the new prison motif taking the walt disney dream of a perpetual amusement prison to its terminations point of ultimate imprisonment well so we're on the glue. on the glue factory a lot of the horses in these virtual farms are made into virtual glue and they sti

. >> avatar hard to in part three will be 3 d will be back at the imax. >> thank you so much.aking a look at east bay, the rain is coming down. we saw periods of moderate rain in the bay area but it was not widespread, as we head into tomorrow, we will see more widespread rain into the afternoon. here is tomorrow at a glance. as you get out of the door tomorrow morning, the rain will pick up and we have the possibility of thunderstorms as well. the rain will pick up and noon in the north bay and in scattered thunderstorms into the later afternoon hours. here's a look at what is going on right now. a few scattered showers down near san jose. taking a wider view, offshore, you will see the storm that continues to spread. scattered to widespread showers, it will continue to do down towards the bay area as we head into tomorrow morning. we are not picking up anything for this evening. not until midnight, the chances of showers will pick up around the bay area. as we head into the 5:00 hour, and starts to move on shore, we will see light showers and an east bay, the showers will pi