on the kaiser report. and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert and i my guest catherine austin fits if you want to send me an e-mail please do so at kaiser report at r t t v are you until next time this is max kaiser saying bio. breaking news from libya rebel forces have entered the compound of moammar gadhafi in tripoli the opposition claims to be in control of most of the capital however the whereabouts of the libyan leader remain unknown meanwhile cut off the address to the nation deal radio and says leaving his compound was a tactical move at present some bubbles are on the square from where he used to give speeches. the u.n. steps up pressure on syria ordering an investigation into possible rights violations during the crackdown on anti-government protests. police arrested a man suspected of masterminding the murder of renowned russian journalist political sky. and all charges are dropped against former international monetary fund chief domin

max kaiser i'm facing her for this is the kaiser report today states you're going to be talking a lot about risk and all of its forms tell us. as i go alone but still tell the people what you've got over there ok well let's start with the first headline max because that has risk in the actual headline t. bills no longer considered risk free by chicago mercantile exchange c.m.e. group announced monday that as part of a normal review of market volatility they claim it is determined that t. bills should no longer be treated as a grist cre when used as collateral haircuts on t. bills will rise from zero point zero percent to point five percent and. let's talk about this for a moment treasury bills you say when you have them in your portfolio and you use them as collateral you can borrow against them one hundred cents on the dollar and this is interesting because if you remember going back to the construction of collateralized mortgage obligations what they did was they created collateralized mortgage obligations as a way to skirt the margin requirements set up by basil in switzerland that

welcome back to the kaiser report i'm max kaiser time now to go to upstate new york someplace called saratoga and talk with james howard kunstler author of several blogs and clipping the long emergency and world made by anna james howard kunstler welcome back to the kaiser report i am ex nicea all right james according to your most recent blog post you have dumped some of your treasury bill i sense there's a story here tell us tell us about it well i just got kind of nervous about you know you wasn't the idea that they were going to lose value overnight or you know that i was going to be stuck with worthless paper necessarily i was getting a little concerned that the banking system was maybe going to freeze up and that we would just see a lot of sort of problems and obstructions in banking right so this is interesting because a treasury bill is considered to be really indestructible in terms of its credit worthiness it's the basis upon which the entire u.s. economy is built. it's the basis upon which the entire global economy is built if you consider the fact that the u.s. dollar is

max kaiser this is the kaiser report wait a minute before we get started i'm going to make a prediction based on this debt ceiling debate back all and the suggestion that the pentagon what have to get some cuts per today's financial times i'm predicting false flag terror attack in the next ninety days because remember you can't cut the military budget in america because what's america without a military budget that exceeds all other military budgets of every country around the world let's get all the other great top story stacy herbert max that's all we have left first leg tax false flag finance fell's flag fos lag so the first headline max gross says debt deal fails to make significant dent in deficit so this is bill gross fund manager for pimco the largest bond trading fund in the world he says in addition to an existing nearly ten trillion dollars of outstanding treasury debt the u.s. has a near unfathomable sixty six trillion a future liabilities at present cost so he's saying that the debt deal that's been done does nothing to address it there still needs to be trillions more in cu

max kaiser this is the kaiser report. stacy herbert apparently the vampire squid is back to devour us and only an alien invasion force can save us stacy herbert yes max well the global financial deflationary collapse that continues to this day almost three years later apparently only inflation can save us and placed in is impossible via the central banks the only thing that could stop it is here is paul krugman if we discovered that space aliens were planning to attack and we needed a massive build up to counter the space alien threat and really the budget deficit took secondary place to that. this slump would be over in eighteen months twilight zone economics so paul krugman over there the new york times all of the stimulus package the work ready shovel ready solutions all failed and he's calling it an invasion from outer space to rally the economy to overcome what is essentially still bad behavior in the banks. yeah and max you know you read the front page of the financial times and there's no more bonker than an alien

kaiser this is the kaiser before check it out jet loam. we went to new york city and they downgraded america s. and p. did immediately as we told you they would others doubted us but we guaranteed it and now we're back in france and guess what. stacey herbert tell us more well max i'll tell you the headline as soon as max kaiser arrives in france to pull a read france may be vulnerable to downgrade following cut to the u.s. yeah well there's a tremendous ripple effects of thing with this downgrade because the u.s. dollar is course connected to the u.s. treasury bond market and it's connected to the thigh bone connected to the hip bone connected to the foot bone connected to the yeah baby it's all connected so to downgrade you start to pull the thread on the u.s. dollar the whole kit and caboodle gets unraveled yeah you all might also say however that it's own related to s. and p. itself and moody's and fitch because the u.s. and france are in such bad shape due to all the so-called aaa rated collateralized debt obligations and other credit

welcome back to the kaiser report i max kaiser time out to go to shanghai and talk of daniel collins he's the founder and chief investment officer of tiger hell capital management he also wrote a recent article titled rising chinese redback could overtake the based greenback good money printing in the u.s. speed the rise of the chinese currency bank columns welcome to the kaiser report i max good to be here all right dan tell us about the red back and has it gotten over take the u.s. dollar and if so when your article i wrote really talked about. you know as we've seen continuous money printing and specially the last few years the world really looking for a new store of value. everybody knows china is also trying to limit its increasing dollar reserves and they really have a three phase strategy to internationalize the rim and be starting with making the international trade currency was anybody's been to hong kong recently has seen that the renminbi deposits in hong kong this year will rise roughly three hundred percent to go over one billion u.s. dollar china's also same currency sw

welcome back to the kaiser report i'm max kaiser time now to go to san francisco in talk. richard heinberg author of many box including as late as the end of growth richard welcome to the kaiser report good to be with you mix all right richard heinberg markets around the world are once again volatile once again credit is a vapid reigning tell south energy place and to have a chaotic peak debt scenario well you know economic activity ultimately depends on energy and raw materials we tend to forget that we think money makes the world go round but really when you get right down to it it's it's energy and raw materials so we've benefited from extraordinarily cheap concentrated energy sources for many decades really since the start of the industrial revolution but we've been extracting them using the low hanging fruit principle so even though there are still lots of oil coal and natural gas left in the ground. we're going toward lower and lower grade resources all the time that means more and more investment capital is needed in exploration and production. and that means the co

max kaiser stacy herbert this is a kaiser report let's talk about my old tony a janitor you know that is going to find stacy however exactly max i officially have a diagnosis for the fainting traders of wall street the same thing traders of wall street do continue you know the markets have been up and down up and down up and down while the last two weeks well it made me think of the fainting goats of tennessee domestic agrees of goats in america which i'm a genetic disorder called my attorney a congenital which is when startled younger goats different all over a soup seed from this image here they just fall over and freeze for ten seconds leaving that they don't care but they get up and start walking again like normal like nothing happened but this is what we see in the markets how do you apply the painting goats of north carolina to what we see in the marketplace well i think it's a genetic disorder so i think it we in greeting in the financial markets this is the first have imax wall street aristocracy got one point two trillion in fed's secret loans so as you know one of the conseq

and up next on our team kaiser and co-host stacy herbert look at the absence of justice for banking crimes and talk about if and how ordinary people can make a difference. max kaiser stacy herbert you know a lot of people ask what is the root cause behind all these riots stacy herbert shows more the riots in the street i might add and the riots in the markets headline reads quantitative easing is good for the rich bad for the poor quantitative easing the bank of england's recession busting policy of buying up billions of pounds of bonds may have contributed to social unrest by exacerbating inequality according to one city economist because they missed diagnose the problem back in two thousand and eight they felt that there was a liquidity problem in the markets instead of an insolvency problem at the big banks max they misdiagnosed it to the public this is what they told the public because the evidence suggests that q.e. cash ends up overwhelmingly in profits thereby exacerbate an already extreme income inequality and the consequent social tensions that arise from it and he also points out

up next to kaiser report on r.t. our financial guru max kaiser and co-host stacy herbert discuss riots both on the streets and on the markets and they take a look at a quantitative easing asking is it good for the rich and bad for the poor stay with us for that. max kaiser stacy herbert you know a lot of people ask what is the root cause behind all these riots stacey herbert tell us more the riots in the street i might add and the riots in the markets headline reads quantitative easing is good for the rich bad for the poor quantitative easing the bank of england's recession busting policy of buying of billions of pounds of bonds may have contributed to social unrest by exacerbating inequality according to one city economist because they missed diagnose the problem back in two thousand and eight they felt that there was a liquidity problem in the markets instead of an insolvency problem at the big banks max they misdiagnosed it to the public this is what they told the public because the evidence suggests that q.e. cas

in part based you all right that's going to for this edition of the kaiser par with me max kaiser and stacy herbert everything my guest peter schiff is going to send an email please do so at kaiser report r t t v dot ru until next time this is next time for saying.

on the kaiser report. and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert and with my guest catherine austin fits if you want to send me an e-mail please do so at kaiser report at r t t v are you until next time this is max kaiser saying by. mine. would be soon which brightened if you knew about suzy from plans to parachute some. nice cruise stunts on t.v. dot com. breaking news in from libya moammar gadhafi his compound in tripoli falls into rebel fighters but the colonel's whereabouts are unknown ensured surgeons say they are in control of most of the capital but pockets of resistance still remain. secret assistance british intelligence has reportedly planned to be endgame for gadhafi regime guiding the rebels in their final push on tripoli. eager new oil giants walked back to libya on a red carpet laid down by a self-proclaimed new government hema to reward those who helped oust gadhafi. police arrested a man suspected of masterminding the murder of renow

going on the kaiser report. right now is going to do it for this edition of the kaiser report with me max kaiser and stacy herbert and with my guest catherine austin fits if you want to send me an e-mail please do so at kaiser report at r t t v are you until next time this is back guys are saying bye. one of khadafi sons considered by many as his father's successor appears in tripoli in front of supporters despite rebel claims he had been detained when they stormed the city and to go that's added to the confusion over who was in control of the capital it was both government and insurgent forces insisting the upper hand. also downs were cast over whether a rebel victory would actually leave the libyan people and control their destiny as x. birds points to the egyptians were those who fought for the revolution and adopted the governments they didn't choose and. even before the fate of tripoli is sealed great oil grab is already beginning. as western oil companies started circling around the violent storm country c