b. c. max here says it should be music to the ears of occupy wall street demonstrators and similar movements around the world who have protested against the economic downturn. first of all we are not protesting against the economic downturn we are protesting fraud against banking fraud occupy vatican occupied vatican it's a global insurrection against banker occupation we're not saying who cares if they cannot make downturn this is economic collapse caused by financial fraud on checked plus the vatican bank is one of the most corrupt banks in the world it's as corrupt as goldman sachs and j.p. morgan its growth is a just b. c it's a corrupt very big bank and i think he he was concerned about stephen schwarzman like blankfein getting in on this god game trying to grab goldman sachs and and all these present look like i said he's doing god's work yeah like oh wait a minute i got the big hat. all right thanks so much for being on the kaiser report thank you max we'll go away much more coming away

the most spectacular is the france italy well that's a good point max because they're fighting over who should be running the at the c b and the e.c.b. is the one building out on behalf of the taxpayers mostly of germany but all of europe that the bailout funds for the banks of certain countries favored countries so i guess maybe sarkozy in berlusconi are fighting over which banks which national banks what is there going to be b.m.p. perry about stock down in france or is it going to be unit credit that gets the ultimate bailout from the fs that in if i may digress again briefly i was listening to bend they v's who's been a guest on our show he's being interviewed by eric king over there to world this and he was talking about the pm facility this new fund they're being they're ramping it up they're inflating the balloon by creating this wrap around. insurance products which is similar to the model one insurance industry in the united states which famously blew up just before the two thousand and seven two thousand and eight crisis so what they're doing is they are creating another trollish multi tens of trillions proba

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b. c. and boost the g.d.p. of the u.k. because it's a country built on banking fraud but let me jump to a tweet i got from the max kaiser twitter account this is from mr canning who asks where does steve see sterling going as the bank of england with more quantitative easing while the euro hopefully takes possibly takes a nosedive so how does the bank of england's quantitative easing program affect the pal and going forward as you see it well i think really what's going to happen is more of that not necessarily what quantity of easing goes to the pound it's really what's going to happen in the united states of the dollar i suspect that whatever quantity of easing we try and do in the united kingdom isn't really going to have a great effect we will see the potential of inflationary issues going down in the future and we must be deeply concerned about that but really we're caught between over so it's is really what's going to be coming out of the united states and what's happening in europe we're trying our best but we're still cool within this economic trump and this danger that faces us from europe. right stave off that's all t