s the bank of international settlements and the i.m.f. the international monetary fund. over stimulus of central bank policies and strategies is a simple economic fact. economies are driven by one thing demand and the principal component the thing that makes up demand is wages. instead the financial times noted that the bank of international settlements is calling for policymakers to halt the steady rise of debt burdens around the world and embark on reforms to boost productivity this echoes the old reaganomics line that increased productivity equals a growing economy make more thing. but productivity has been rising steadily in the united states since the one nine hundred thirty s. since the early eighty's it has become uncoupled from wages effect of green line there which have remained flat or fallen so even as individual companies become more productive and thus more profitable producing more goods with lower costs and less labor the economy has been stagnant at least for everybody except the billionaires because there's little demand for those goods and that's because

participating in the frauds so they're worth their word is worth absolute squat well the bank of international settlements does say that people are going to be tempted to want to get in and join these frauds but they are trying to track their national sentiment just a potential bank of all central bankers they are speaking the truth and they're not using words like allegedly the bank of international settlements is saying this looks like a piece of cheese as been left out in the open for six months and it's smells like rotted cheese like a stink is french cheese you could possibly imagine we got to go we'll talk to you soon see right stay tuned for the second half part two of my interview with iranian mo ass. you can jump in anytime you want. to lose. your friend post a photo from a vacation you can't afford. different. the boss repeats the same old joke of course. your ex-girlfriend still in poetry keep. ignoring. the post only what really matters. to your facebook news feed. welcome back to the kaiser report imax keyser time to turn again to right emo at the standpoint research dot com and now philanthr

participating in the frauds so they're worth their word is worth absolute squat well the bank of international settlements does say that people are going to be tempted to want to get in and join these frauds but i trust their national sentiment just a potential bank of all central bankers they are speaking the truth and they're not using words like allegedly the bank of international settlements is saying this looks like a piece of cheese as been left out in the open for six months and it's smells like rotted cheese like a stinky is french cheese you could possibly imagine we got to go we'll talk to you soon and see a state of the second half part two of my interview with iranian mo s. . the interview. right. first rate. and i would think that your. orders. in. the in the. welcome back to the kaiser report imax guys are time to turn again to run emo as a stand point research dot com and now philanthropy and philosophy dot com welcome back for part two of this interview thank you yeah let's talk about your recent travels ronnie because as part of you know reminds me of the old stories about the old stockbr

participating in the frauds so they're worth their word is worth absolute squat well the bank of international settlements does say that people are going to be tempted to want to get in and join these frauds but i trust their national sentiment just a potential bank of all central bankers they are speaking the truth and they're not using words like allegedly the bank of international settlements is saying this looks like a piece of cheese as been left out in the open for six months and it smells like rotted cheese like a stinky is french cheese you could possibly amount we've got to go well talk to soon see right stay tuned for the second half part two of my interview with iranian mo s. . on america in the financial world. series developments coming out stopping only take you through. life. i'm abby martin the stories we cover here you're not going to hear any right other big story that. is a reason they don't want to. point. out now let's break the set. welcome back to the guys i report imax guys are time to turn again to right emo at the standpoint research dot com and now philanthropy and philosophy do

banks capital is highly questionable where the collateral is highly questionable the bank of international settlementsthat you reference that's the central bank of central banks you know they are warning about what's happening in being dissed by the central banks themselves just as they were in two thousand and six two thousand and seven but there's some things i'm hearing all that in emerging markets i don't think you've got the markets pumped up i still think a lot of emerging market was the markets are undervalued but the markets are pumped up largely because money's been extended from western finance is q.e. money some of it in a desperate search for yield given. and so on very very low interest rates in the western world and when you look at the global picture of the global banks the global such a banks there is now understand a lot of collusion that goes on between all these banks for example. atic ellen talked about tapering we know that the e.c.b. has increased our quantitative easing so there's a lot of you know to be in no doubt even though they don't like to talk about it because the german

there was a great report put out at the beginning of this week by claudio barrio of the bank of international settlements terrific terrific piece that he wrote and he he he hit the nail right on the head when you look at the advanced nations and are doing very well then i want to ask you i know that the last out of the u.s. commerce department showed retail spending in the u.s. actually did it when adjusted for inflation given manufacturing survey showing production and new orders rising is this a case of inventory stuffing or is the retail data skewed by some other factor but inventory stuffing channel stuffing was what we saw at the end of last year when and we saw it you know really very harshly and i think a lot of the numbers that were coming out at the end of the fourth quarter two thousand and thirteen everybody was optimistic some people myself just way us a bloomberg a few other folks were commenting that this was in fact in the first quarter well of course none of us were weather forecasters we also had some bad weather but. i think but i think we were very we were very good forecast inventorie

bank participation of manipulation is mask this bubble the wholesale manipulation the precious metals markets has masked this bubble the collusion in the central banking world around the world the bank of international settlements itself the one bank with the sharpest eye on what's going on around the world just came out last week and so these markets are in a bubble so the fact of so many yahoo down to nowhere is bill is speaking out of a shrink frank about what do you see some very narrow focus on data that was fed and by one of those waving that data go buffett's in a stadium where nothing now there is a former apple academic who became a money manager and that's john houseman and he's written this about these markets that some like the usa today article are saying are not overvalued he's saying yes this is an equity bubble and he does all these fancy mouse to prove that it's in fact overvalued but he calls it what investors are doing my sense is that investors have indeed abandoned basic arithmetic here and are instead engaging in a sort of loose thinking called hyperbolic discounting the willingness to impatiently accept very small payoffs today in preference to larger rewards that could otherwise be obtai

the latest bank of international settlements make a strong case against the current path of monetary policy it basically warns that ultra ultra easy monetary policy can lead to financial instability were. could possibly lead to another crisis so i want to hear from heterodox economist dr steve keen to see what he thinks of the b.a.'s report now in january two thousand and thirteen the b i asked released a paper called the financial cycle and macro economics what have we learnt in which they called for the standard modeling format the d.s. g e model i asked keen to break down what all this means in layman's terms here's what he had thought. to well the dia stream models of the current fad in can mainstream economics and these by the way they continue calling each of the models general equilibrium but if you look back to a model and not in sixty eight there is virtually no resemblance to what they do these days the only thing that is consistent is they continue with the myth that the economy is always either in or very near equilibrium and if it is to go back to it again the current on

there was going to be a bogs collapse and twenty thirteen where was it well from the bank of international settlements on sunday issued their eighty fourth annual report and in it they say according to zero heads tweet that twenty thirteen bond market sell off generated a larger aggregate lost in both dollar and g.d.p. terms than did the nineteen.

there was going to be a bogs collapse and twenty thirteen where was it well from the bank of international settlements on sunday issued their eighty fourth annual report and in it they say according to zero hedge tweet the twenty thirteen bond market selloff generated a larger aggregate lost in both dollar and g.d.p. terms than did the nine hundred ninety four in two thousand and three episodes so the two thousand and thirteen one caused just in the u.s. treasury bond market two point five percent of g.d.p. compared to the one thousand nine hundred four one of two percent that's april.

. >> will we see a repeat of january, the bank of international settlements said that central banks face bumpy road to normalization. >> central banks do face a bumpy road. that they problems is are leaving the process of moving towards normalization very late. in particular, in the u.s. and the u.k., they need to be getting that process initiated sooner than perhaps anticipated. they are still looking over their shoulders. they are saying the greatest risk is in tightening too early. the greatest risk may be switching to tightening too late. they may be encouraging an environment in which too were three years down the road, we get unanticipated inflation as a result of the policy decisions being taken today. >> it is picking up, isn't it? the fed's preferred measure is 1.6%. it is nearing its 2% target. >> there are some signs that inflation is picking up but it is not to a degree yet that will influence central banks. they tend to look over their shoulders. what we have to take into account is that the inflation trends of tomorrow and the next day, they are being determined by decision

yesterday it was the bank of international settlements. ey actually said that the stock market is in a euphoric state. they point to this group of animal spirits going wild. i happen to think that corporate dealmaking is a great time for the market and the economy. as for the individual investor being so overzealous about the stock market which, by the way, is supposed to be the signal. we talked about how they have not been in the market. that still has not happened. it is not there. the latest trade from the american association for individual investors, take a look at indifference. a neutral rating on most of the all-time high. 42 percent of people are neutral on the stock market. one could say that bears his down here is a bad sign of a red flag, but by the same token it is not what you normally see. 37 percent. fifty-nine, 60, even 70 percent level we probably hit the top. the market does have to pull back. how should investors approach the market that might pull back into 20 percent? the first thing is still think about shifting in th

about central banks taking on the heavy lifting because policymakers don't like using fiscal policy would you agree with that no the whole intention of the bank for international settlements is to block governments and reducing because of policy it still is very funny a year ago at the end you will meetings of the i.m.f. the i.m.f. finally broke with the european union and the european central bank and said we need to use fiscal policy to revive economies keynesian style the b.o.'s is saying exactly the opposite tighten fiscal policy squeeze out enough money to pay the creditors and that's exactly the opposite of all of the doctrine that the b.o.'s was formed to to do to lighten. germany's reparations that in one thousand nine hundred ninety some michael you're actually agreeing with edwards that's kind of what insane now yeah that's right edwards is appointed been pointing to the to the role of debt all along now i was on because as i understand it central banks want real estate prices to remain high so creditors can all collect on their interest payments instead of having to write down on payable debt so isn't that a central piece of why we're using monetary policy here

. >> the bank of international settlements, the central bank of central bankers and their members, maden the world, basically came out with a damaging report that said the economy is of the country's that are exploding in terms of assets that are rising are drunk on the monetary policies we produced. we are concerned that assets are being driven up by cheap money or whatever you want to call it and things are getting out of control and they are calling them dysfunctional. that concerns me. i love the market up here. is a beautiful thing but you got to be cautious. we will see a turnaround. charles: the word they used was euphoric. rat race the big winner today. nicole: this is in the cloud services area. it may take itself surprising. stock is up 8% and we have discussed other acquisition bids from hewlett-packard and ibm but according to inside sources they may take it farther and give the big boost to stocks, $36.48. charles: it has been in the rumor mill long time and a lot higher too. jpmorgan chase, jamie dimon diagnosed with throat cancer. liz: checking the wires on this, trying t

week will mark the 10th anniversary of the international court of justice advisory ruling that said israel's separation wall and settlements in the occupied west bank are illegal. iraq you lawmakers have broken off talks to form a new ofernment on the opening day negotiations. sunnis, shiites, and kurds all of our pushing different candidates for the post of prime minister, speaker of the parliament, and president. this comes as new violence in iraq has killed dozens, including 25 today in clashes between shiite and police in the city of karbala. on tuesday, the united nations confirmed june was iraq's deadliest month since 2008 with over 20 400 killed. a spokesperson for the you and human rights office spoke in geneva. >> in june, total of at least 1531 civilians were killed. the last time such a high number was killed was in 2007, and a simple month. an additional 886 members of the iraqi security forces were killed. inther 1763 were injured june. her consistently receiving reports of civilians been targeted, kidnapped, harassed and killed by isil forces and indiscriminate shelling of civilian areas. we've also received reports that isil forces h

>> today's is the 10th anniversary of the international court of a justice advisory ruling that said israel's separation wall and settlements in the occupied west bank are illegal. you can go to democracynow.org for our coverage of the crisis in israel and the occupied territories from tuesday's broadcast. president obama has asked congress for 3.7 billion dollars to address the migrant crisis in the mexico border. more than 52,000 unaccompanied children fleeing violence and poverty in central america have been seized since october. obama wants the increased funding to pay for detention centers, aerial surveillance, immigration judges, and border agents. the close to $4 billion figure is nearly twice what had been expected. the obama administration says half the money would go toward improving children's care in u.s. custody. house, press secretary josh earnest said most children will ultimately face to partition. >> by addressing the backlog, we can ensure that those individuals have prompt access to the due process to which they are entitled. it also means as the cases are resolved and as we expect the majority of those cases, there will not be a

i mean the situation in the west bank is not only much better i mean illegal settlements and there is tank. position that inaction of the international community when it comes to the palestinian casualties i mean according to the palestinian center of four beers or statistics more than one thousand five hundred palestinian the children have been killed between two thousand and two thousand and thirteen we haven't heard any contamination from the world from the international community from the world leaders when it comes to the protests today when it comes to the israeli casualties the whole world is talking about this so there is a kind of this is the palestinians see there is a kind of hypocrisy here a double standard policy equal both sides should be built in an equal way when it comes to i mean casualties so let's not forget that the peace process has told and this is it due to. israel's refusal to release their fourth phase of the prisoner swap deal that was a good point before the resumption of peace talks so there is no peace process violence is there anything the scene you have poverty you have you know or all all kinds of you

bank. the settlement was made up from sub prime mortgages which fueled the housing boom and eventual bust. >>> 42% sales of digital streaming. it has a drawback the need for internalquality can be poorer than downloads. >>> ipads can cause you to get a rash. it can contain nickel which is an allergy-inducing metal. skin testing showed an 11-year-old boy treated in a hospital in san diego was traced by to an ipad. you can get it from other laptops and cell phones. rashes from nickel is not life threatening, but can be uncomfortable. >>> a few study finds parents are overdosing their kids when they use spoons to give them kicked medications. researchers questioned parents almost one-third gave the wrong dose. one in six used a kitchen spoon rather than that a device such as an oral syringe. >>> "action news" team is working on "action news" at 4:00 p.m. >> let's check in with alicia vitarelli. >> reporter: there's a problem with the apple iphone vi and why it could delay it. we'll tell you when it could hit stores. >>> good news for tracy morgan he takes a major step forward in his recovery after the accident on the new jersey turnpike. we'll update you on his condi

international companies serving tainted meat. or results from credit suisse came following a 2.6 billion dollars settlement reached in may with u.s. authorities. the bank was accused of helping wealthy americans evade u.s. taxes. the group has also announced it wouldgg99Ññwçça7guà 07/22/14 07/22/14 [captioning made possible by democracy now!] >> from pacifica, this is democracy now! we have serious concerns about the rising number of palestinian civilian deaths and the loss of israeli lives. and that is why it now has to be our focus in the focus of the international community to bring about a cease-fire that ends the fighting and can stop the deaths of innocent civilians, both in gaza and israel. >>

of malden economics time now for today's big deal. big deal time the wonderful transport harrison and today we're talking about the b i asked reporter bank for international settlements report and what it says about our current post crisis monetary policy experiment at work say very very dense topic so i want you to break it down for me really. hard to herself so we are going to go here you go this is the real test can you give me a general takeaway about this year's annual report basically the. the things that cause the crisis which is basically ultra easy monetary policy when the fed took interest rates down from six percent to one percent and created this huge housing bubble and then you had bubbles in other places in europe as a result of easy policy negative interest rates in spain and ireland that's what's being offered up as the panacea going forward and so what they've said is basically going to get the same outcome because that's what caused the crisis and they're doing it again now has a very good time by the way that's the b.s. perspective do you agree with that what do you think definitely one hundred percent and you know the reason that we're doing this

destabilization of the situation on the ground diverts international attention from israeli obstruction of keys efforts, particularly via its malicious settlement campaign jerusalem andt the west bank. mr. president, for crimes against humanity and systematic human rights violations are being committed by israel against the palestinian people. this is not simply the palestinian narrative. this is fact. before the eyes of the world, israel waging a war against a defensive -- defenseless civilian population, trampling human rights, creating breaches of humanitarian law, and destroying the pillars of the iternational system, as forces a double standard on the international community with its cynical pretext, including destroying the credibility of the security council itself, which continues to stand aside ss israel flagrantly violate its resolutions without consequences. thanact speaks much larger disdainful words and immoral lectures made repeatedly before this council why the israeli representative, all while his government and enemy kill innocent children, women, and men. nowpalestinian death total stands at more than 274. i have to add the four more children to make it 278 people