with former compliance and market supervision director of the international petroleum extremes chris cook welcome to the kaiser report logo mix already chris could you predict the eminent and of the oil market why and how well in simple terms the oil market has become like several of the markets almost completely financial law used by the participation over what was being called passive investors by god. they called them passive investors in that they also called inflation hedging investors and the participation of these investors in not just in the oil markets but commodity markets and. have completely distorted the operation of these markets right now ok talk about the financial ization of these markets it's a curious term the word passive because. as warren buffett calls it these are weapons of mass destruction financial destruction so there's a very aggressive destabilization going on to make a very few people on wall street the city of london exorbitantly rich while destroying the underlying fabric of these economies but is it safe to say that the connection between the price that yo

going to do it for this edition of the kaiser report with me max keiser and stacy herbert my guest chris cook if you want to send me an e-mail please do so at kaiser report r t t v dot are you don't forget to follow me on twitter the next time x. guys are saying by all. i'm. going. to have. to. call. home. longest parties win an overwhelming majority in egypt's first post in the barak elections claiming more than seventy percent of seats in parliament. the. doubts are cast over the arab league's mission in syria with critics questioning the group's independence while supporters say their presence eased the violence. and police clashed with protesters in croatia's capital zagreb where hundreds to the streets to rally against joining the had come for membership referendum. and more trouble in the e.u. as a romanian to take to the streets to voice their anti austerity anger and the worst violence the country has seen in over a decade. and welcome back you are watching our team glad to have you with us let's take a look at our top stories. islamised parties when egypt's first post parliamentary e

cooking. i don't think chris was there. in all fairness to the younger critics, i don't did he can understand the early 60s without knowing how tough the fight for civil rights was. federal troops -- >> host: and alabama. >> guest: you have to do it that way. you have the freedom riders. young jewish kid from north were killed and buried alive. this was an amazing struggle. everyone talks about vietnam. you and i know the real struggle began and ended for civil rights. it was domestic. >> host: i think you're right. i covered michael dukakis' campaign. he gave a little talk in town, never mention the three civil rights workers would then murdered nearby. i think a lot of us could have decided. let me go back to decide that you did, did well, did right or better for it. that may be. let's start at the beginning. joint chiefs took an at the bay of pigs. let's talk about that. >> guest: this is what the president learned the worst way by failure. here's what happened. the policy of cia supported a supposed by the joint chiefs

cook islands or anything else. >> welcome to tax talk on "up w/ chris hayes." twitter your tax questions, i'll ask them to david cay johnston. he'll dispense advice. melissa? >> i want to expand on what david said and challenge him on, the question of who's at fault for this, how does this happen? how do we get on the other side of this? i, too, am a big believer in democracy and in certain ways we get the country we vote for. i do think there's a little bit of this of den irigraion that people will take it all. what i appreciated about what david said, look. there is no creation of wealth without the realities of a society that your workers drive to work on roads paid by your government and you educate your workers in the public schools. i think part of what needs to happen in this presidential election year, even beyond the intricacies of the tax discussion is revive discussion about the value of public good. >> david k. johnson, pulitzer prize winning tax reporter, the two books you have written on taxes are two of the best i've read and certainly the best t

chris was supervising george h.w. bush's first address to the congress, i wrote the minority response for lloyd benson. and there as opposed to so many cookshen you write the state of the union, i talked to benson for an hour, i went and wrote the speech, we came back and there were about three or four aides, and the most, the thick we talked -- the thing we talked about most was i had done a tribute to lloyd's father who had just died as a kind of symbol of america, and he said he wanted to do that, but he was afraid that he was would choke up. so we went back and forth over that, and everybody said do that, and i had prepared a plan b which was some churchill quote or something. and finally said, all right, i'm going to do this, but i'm going to read it so many times to myself that i will have no emotion when i read it and, you know, i'll be totally under control. which is what he did. and i was really relieved that he did that because when bush spoke, he used my plan b -- [laughter] benson would have been really stuck setting in that room. [laughter] but one of the things i learned about that is how limited you are when you do the minor

chris was supervising george h.w. bush's first address to congress, i wrote the minority response for lloyd bent son. and there for so many cookstalked to him for an hour. i went and wrote the speech. we came back and about three, four aides and the most -- the thing we talked about most was, i had done a tribute to lloyd's father, who had just died and he said he wanted to do that but he was afraid he would choke up. so we went back and forth over that. and i had prepared a plan b, which was a churchill quote or something. and finally, i said all right, i'm going to read it so many times to myself and will have no emotion and will be totally under control, which is what he did, and i was relieved that he did that, because when bush spoke, he used my plan b -- [laughter] >> and he would have been really stuck. but one of the things i learned about that is how limited you are when you do the minority response. you have 45 minutes or an hour of glitz, and lights and then you cut away to lloyd sitting by himself in a dark room, no applause, and he has nine minutes. and you cannot compete with the president's per swafe i haveness a

chris. >> went to iraq went down to panama, they went -- bush -- reagan, grenada, this guy, all your candidates talking about going to iran what is it? always what's next. always one they want to cookstating it but it's a fact. >> i do think you are overstating it, chris, but the bottom line is all the candidates understand, perhaps more than the president and current administration that the greatest threat to stability not only in the middle east but around the world is iran. a nuclear iran, changes the balance of power in many, many ways, so the fact that when they are interviewed, including governor huntsman, everybody else what is theç greatest threat, they point to iran, do they take the military option off the table, they do not, neither does governor huntsman, tend of the day one of the differences between all of the candidates and governor huntsman, he has lived in e diplomatic world, lived in the international world and understands the greatest on at this time, i'm threats, military, geopolitical, as well as economic, not in the middle east, keep your attention and focus on iran for military reasons but other threats a on types in other parts of the world there is a sophi