as a cash crisis rages across the united states and europe financial group.

as a cash crisis rages across the united states and europe financial group max kaiser and is co-host of stacy herbert analyze the situation cause report it's next right here on our to. the latest in science. from the realms of. the future covered. kaiser this is the kaiser report on 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 place in is impossible by the central banks the only thing that could stop it is here's 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 it's lation the budget that's just 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 keynesian solutions all failed and he's calling an invasion from outer

as a cash crisis rages across the united states and europe financial group max kaiser and his co-host stacey herbert give us their take on the situation the kaiser report is next right here on our two. guys or 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 placement 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 the solutions all failed and he's calling on an invasion from outer space to rally the economy to overcome what is essentially stil

and the debts in europe this is of course problematic issue it was the discussion about the debt ceiling in united states that triggered this mess. one group thinks it's not financial trouble europe should be worried about a but more reality it's hard like muslims trying to lay down the new show real i'd like to know drinking no loud music or women covered up we hear their plans for the capitals called a car. riot police in ukraine's capital have surrounded the tent camp set up by supporters of former prime minister yulia timoshenko who was arrested on friday the protesters fear their officers may storm the cabs after the court where her trial is taking place badly gatherings outside alexian a show ski reports from here. ukraine's former prime minister yulia timoshenko still remains in detention center in here following the decision by according to you have to place under arrest for that good to have been forbidden to leave the country now she was behind bars as the judges explained because of her bad behavior during the trial now. he's being accused of several very high profile economic crimes including striking unlawful gas deals with russia back in two thousand

well one group thinks it's not financial trouble europe should be worried about a but the reality hits hard like muslims trying to lay down a real law in london no drinking no loud music. we hear their plans for the capital's cold of calm. riot police in ukraine's capital have surrounded the tent camps set up by supporters of former prime minister yulia timoshenko who was arrested on friday the protesters fear that officers may storm the caps after the court where her trial is taking place bad to gatherings outside . reports from. ukraine's former prime minister yulia timoshenko still remains in detention in here following the decision by according to. the four that had been forbidden to leave the country now she was put behind bars as the judges explained because of her bad behavior during the trial now. he's being accused of several very high profile economic crimes including striking unlawful deals with russia back in two thousand and nine it's interesting because there has already been a comment coming from the russian foreign ministry saying that the old these deals signed in two

says it's under control but green groups are not convinced with approved gushing into the sea for six days. and europe's nations are the verge of blurring into one financially at least the germany and france calling for economic harmony across the euro zone growth grinding to a halt and countries are struggling to stay afloat the big players think of the answer is to force mandatory budgets onto the member states but as our europe correspondent daniel bushell explains surrendering its sovereignty is not what people want. the key decision is they have announced a single united eurozone government they also announced a corporation tax to unite the corporation taxes of germany and france so we're moving slowly towards a fiscal union which is what many had predicted but of course there's one small problem which is the people of europe have been lost because the the president of france faces an election next year where he's already trailing behind his rivals and spacex this may make him even more unpopular because the people of europe you know aspects in polls in opinion polls they say that they don't want the european integration wrangler merkel the chancellor

satellite was primed to be one of europe's most powerful and provide coverage across almost all of russia and the c.i.s. countries. in a few minutes artie's financial group max kaiser talks about the role of energy and the current debt crisis but before that it's all the latest in business dimitri. live and welcome to the business update on the grounds of the moscow show looks good on the ground more deals are being made a new joint venture has been announcements were in russia's ross technology and french aerospace company stuff from the c.e.o. of stuff from small business all to the multi-million euro starts of work on state of the arts navigation systems. you have very very few. countries in the world that must build that type of victor provide extreme accuracy very good issue in the year preceding the the weapons i mean gary would go to all three countries worldwide a good people who put c.p.m. training for its faults you found and we believe it is a very very significant threat to g. wise russian grain exports may reach a record six billion dollars this year or produce a recycled trans says that's mostly because of current high prices that are cultu

on both europe and america's downgrade the group of seven industrial countries issued a statement late last night saying they were taking all necessary measures to support financial stability and growth. >>> well, tomorrow the fed meets, expect to hold interest rates at their current low. some still hold out hope for another round of billions in bond buying stimulus. elsewhere, 45,000 verizon workers went on strike sunday unable to agree on a new contract. >>> finally, sunday warren buffett's berkshire hathaway made a buy-out for transatlantic holdings. >>> a bitter caddie enjoys sweet revenge. >>> the mets' season's hopes remain on the stratraining tabl >>> the yankees and red sox series battling for first place. first look at sports is straight ahead. you're watching "first look" on msnbc. booking a flight by itself is an uh-oh. see if we can "stitch" together a better deal. that's a hint, antoine. ooh! see what anandra did? booking your flight and hotel at the same time gets you prices hotels and airlines won't let expedia show separately. book it. major wow factor! where you book matters. expedia. go! go! completing an atm deposit in record time... that's a s

satellite was planned to be one of europe's most powerful and provide coverage across almost all of russia and the c.i.s. countries. now in a few minutes artie's financial group backs cars or talks about the role of energy and the current debt crisis but before that it's all the latest in business with dmitri. banks to loan welcome to the business update on the grounds of the show looks skyward on the ground more deals are being late a new joint venture has been announced between russia's role stock knology and french aerospace companies suffer out the c.e.o. of stuff from told business altie the multi-million euro starts of work on state of the arts navigation systems. you have very big hue. countries into well that's my style but they both take the heat provided extreme and caressed the navigation of the brass but he couldn't help the weapons i mean there is the diodes to our frequency i wonder why that's a bug he says that cat but he'd be enjoying our it's called the trunk so i'm lucia a very basic need to go on strike a g y. russian grain exports may reach a record six billion dollars this year our producer trans says that's mostly because of current high

you is this wave of the global financial crisis upon us are they what will happen is markets would disrupt the. group prospects for recovery in the u.s. and maybe in europe but i don't see this is going back to two thousand and eight and so where do we go from here who's going to fix what's going on in the world right now the world needs to. get together to work out what's the transition what's a reasonable transition in a world in which there will be more than one currency and where the traditional reserve currency at the moment is in a country which doesn't have a very well balanced microeconomics attrition and is there is. in india do you think that perhaps there could be a shift in the world order and that india could be somehow gaining from what's going on in washington there is certainly a shift going on in the world there's no doubt about that i mean any medium term a long term projection suggests that japan will go relatively slowly europe may grow a little bit faster going to the us has traditionally been viewed as a very dynamic economy is likely to grow faster in europe but the growth rate in these economies would be much less and the growth r

needs help the g seven group of the most industrialized nations are also vowing to support financial stability and welcomed what he called decisive actions taken by the u.s. and europe but he cannot accept just happened so he needs to change tack and it. let's try and understand both sides of the numbers here the italian government one point eight trillion euros now that means nothing to anybody but that is bigger than the total government debt arland portugal and greece put together and for the end of this year it will eat needs to sell baldwins gas which is equivalent to the whole. all of the greek government bond market in other words all of the greek debt that we've been talking about for weeks and weeks and weeks is being looted. italy is huge need is just a true big to manage to anyway be rescued in the way that other economies have so far been bailed out by the e.u. what the euro zone needs to do is completely rethink the approach that they currently have so we're going to actually a completely new approach some time by september october or maybe november we are in severe danger that the euro zone is going to collapse. his team has the world's markets on clos

groups are not convinced with crude gushing into the sea for six days. well europe's nations are on the verge of blurring into one well financially at least with germany and france calling for economic harmony across the euro zone growth is grinding to a halt and countries are struggling to stay afloat and the eurozone big players think that the answer is to force mandatory budgets on to member states were also pledging to harmonize corporate taxes are rejecting b. introduction of debt guarantees or euro bonds the whole time soon investors have been left mostly unimpressed by chancellor merkel's own president sarkozy's plans all saying that they expected more doctor she has odd rub on romani professor of business and international affairs says the decisions are political not this court . unfortunately this is not going to make much difference for the ongoing crisis all the news that came out of this press conference was quite negative for the market the most negative i believe was the fact that it was announced that the european fund for. the city their bailout plan for the european euro zone members will not be expanded and they believe it's enough as it

groups are not convinced with crude gushing into the sea for six days. now europe's nations are on the verge of blurring into one all financially at least with germany and france calling for economic harmony across the euro zone growth grinding to a halt and countries are struggling to stay afloat the euro's big players think that the answer is to force mandatory budgets on to member states the investor of so i've been left mostly unimpressed by chancellor merkel's that president sarkozy's plans saying they expected more doctors she had a professor of business and international affairs says that the decisions are political not fiscal. unfortunately this is not going to make much difference for the ongoing crisis all the news that came out of this conference was quite negative for the market the most negative i believe was the fact that it was announced at the european fund stabilization facility their bailout fund for the european euro zone members will not be expanded and they believe it's enough as it is for the moment the second thing is no common europe on that was going to be issued and there was very clear about this when the markets were not expe

financial transactions was also announced. that the purpose was to harmonize economies and taxes across europe so a very wide range of proposals on offer here. human rights groups are boycotting a british inquiry into allegations of torture saying the government is taking an irresponsible approached and kate's activists insist the probe is a waste of time and public money because downing street will have the final say over whether or not to disclose the result. that one torture victim who also couts the inquiry will bring justice. walking a tightrope of pain persis gave it to merge that's how britain security agencies were encouraged to decide when to torture terror suspects. was held by graham in afghanistan and in guantanamo bay between two thousand and two and two thousand and five he says he was tortured and accuses the u.k. of being complicit in that torture only now is the level of the official complicity being revealed i am completely one hundred percent sure that i would not have gone to order but rather had it not been could be british intelligence services i spoke to british intelligence offices quite regularly. but. they were physically present when

fight against this group is that they say are trying to bring down the euro a tax on financial transactions was also announced. that the purpose was to harmonize economies. across europe so a very wide range of proposals on offer here. but the measures announced by medical and sarkozy are aimed at saving the long term future of the euro i think that's what they're not seeing the light they want and the mood of the effects are just about to one business expert to explain why she thinks paris and berlin are a target. unfortunately this is not going to make much difference for the ongoing crisis all the news that came out of this conference was quite negative for the market the most negative i believe was the fact that it was announced that the european fund full stabilisation facility the bailout fund for the european euro zone members will not be expanded and they believe it's enough as it is for the moment the second thing there's no common europe on that is going to be issued in very very clear about this when the markets are not expecting this other bad news for the market was that taxation is going to go up especially in terms of corporate taxation the harmonizatio

against this group is that they say are trying to bring down the euro tax on financial transactions was also announced. that the purpose was to harmonize economies and taxes across europe so a very wide range of proposals on offer here. skeptical about whether the recovery measures proposed by about in a paris will help the euro in the long run respond less than all that really. needs to look out. i think the collective economic government that americans sarkozy are talking about is really a desperate political ploy to try to create the illusion of stability where the underlined stability doesn't yet exist there is no political will not in germany nor in the rest of the eurozone countries for as surrendering national sovereignty to a collective entity that has any decision power so that it's simply a shimmer that's been thrown out there to try to calm the markets the alternative really is is to get a stable export market relations i think above all with russia the central asian republics china and the rest of asia in the middle east and if that is created then you can have a growth vector that leads you out of this debt the impasse that the eurozone countries are in wi

europe is trading in the black financials which have sold off heavily in recent weeks over fears of a u.s. default are among the biggest gainers h.s.b.c. is gaining a four percent ahead of results the group announced sunday that it will sell one hundred ninety five retail branches in upstate new york to first niagara financial group for around one thing in the us and here in moscow stocks surged in most of two weeks as oil in commodities rise both the artist and over two percent now let's have a look at some individual movers on mars like this our energy majors among the main gain is we've got just under two percent banking stocks are higher bank of moscow surged nearly five percent on bets the lender avoided defaulting on its narrow bonds after publishing a two point ten year. things and power generated into rollo is also on the rise the company has tripled its net profit in the first half of the year reaching eighty three million dollars. well gary is only refinery owned by russia's lukoil is to remain shut for up to half a year after the country's government revoked its license now the facility supplies almost half the country's fuel meaning gary is now tapping into its reserves well

this they the group is that they say are trying to bring down the euro a tax on financial transactions was also announced. that the purpose was to harmonize economies and taxes across europe so a very wide ranging proposals on offer here. still ahead this hour new evidence of negligence because it sounds like a long day the cooling system was doomed to fail before the facility was hit by the march tsunami. now the first public glimpse of russia's new fifth generation fighter jet was the highlight of the international air show me a moscow and the second day of the biennial max s. a-basin also a lucrative deal signed on the ground and high speed aerobatic displays in the skies are to see she's been watching the action for us. what an amazing day it's been here for the max two thousand and eleven international annual show what money is rory sushi we saw history in the making today with the debut of the super secret stealth sukhoi the t fifty it's been hidden from everybody it came out today much to the approval of the prime minister vladimir putin he was here to watch the debut of the stealth t. fifty strike and he gave it a stamp of approval and how could he not with the ma

against this group is that they say are trying to bring down the euro tax on financial transactions was also announced . because of the purpose was to home a noise economy and taxes across europe so a very wide ranging proposals on offer here. this hour the worst oil spill in the decades in history and says without anyone that is not a green groups they will have grave consequences going viral. a billion dollar exhibition at. promising lucrative deals displays at the latest aircraft spectators staring up at the sky after. generation of a moment when state highlights. what an amazing day it's been here for the max two thousand and eleven international annual show one is ruiz to show you we saw history in the making today with the debut of the super secret stealth sukhoi the t fifty it's been hidden from everybody it came out today much to the approval of the prime minister vladimir putin he was here to watch the debut of the stealth you can drive. and how could he not with the maneuvers it was pulling it just tore the sky to pieces a truly sensational piece piece of machinery it is designed to go against america's f. twenty two and f. eighteen the idea was actually dreamt up be

financial health of europe's banks. germany index following 6%. having major effect on telecommunication companies in the u.s.. hewlett-packard will discontinue its smartphone and certain other products. >> greta: will special interest groupsuper community and get deals you will never get? know one wants to get cut. there could be and will be lots of lobbying. joining us liz mcdonnell. liz, how do we determine who might have a special deal, special access? what is the money story? >> money story came from a nonpartisan watchdog group that looked at information on special interests donations to the 12 members of the super debt committee. they based that information that came out of the center for responsive politics based on government filings. what we see is nearly 65 million dollars in political action committee money went to the 12 members of the debt committee over the last decade. that's just pac money it does not include employee or staff donations at these interest groups. it includes corporations from across the country. unions, it includes the most important sectors of the u.s. economy. >> greta: i'm looking at one over the last 10 years. lawyers and law firms have given 31 million dollars to these 12. what in the

with organized crime groups, there are groups that operate, and many out of eastern europe, who are operating on line, collaborating. they are attacking our financial services sector, retail infrastructure, and they're stealing tens of millions of dollars. our job is to identify who they are and to use our law enforcement capabilities to coordinate with foreign partners to actually take them off line, take them out of the game. we do that and disrupt those activities and those groups by arresting people, by sharing intelligence with our foreign partners, and they can use their authorities to take some of those groups offline. that is one of the ways. there's also national security. we talked about the foreign intelligence services. the fbi has a law enforcement authority and a national security authority. we can collect intelligence and share that with our partners. we can use their authorities to identify who the adversaries might be. host: give us a visual for people who are thinking about computers -- i think there are 1000 agents in the fbi working on cybersecurity, cyber threats? guest: there are agents as well as analysts. we have computer sc

with organized crime groups, there are groups that operate, and many out of eastern europe, who are operating on line, collaborating. they are attacking our financial services sector, retail infrastructure, and they're stealing tens of millions of dollars. our job is to identify who they are and to use our law enforcement capabilities to coordinate with foreign partners to actually take them off line, take them out of the game. we do that and disrupt those activities and those groups by arresting people, by sharing intelligence with our foreign partners, and they can use their authorities to take some of those groups offline. that is one of the ways. there's also national security. we talked about the foreign intelligence services. the fbi has a law enforcement authority and a national security authority. we can collect intelligence and share that with our partners. we can use their authorities to identify who the adversaries might be. host: give us a visual for people who are thinking about computers -- i think there are 1000 agents in the fbi working on cybersecurity, cyber threats? guest: there are agents as well as analysts. we have computer sc

group facing a rate way higher than the average american, african-americans. they face a stunning 15.9% jobless rate. in addition to a weak u.s. economy, new concerns about the financial picture in europeleaders there scrambling to make sure italy and spain stay financially afloat. in fact, we heard about an hour ago that the italian prime minister is making his second remarks of the day this hour. greg burke is streaming live from rome with more be. hello, greg. >> reporter: shannon, that's right. well, you know, there's always been fear of contagion, what was happening in the smaller european countries like portugal and greece would spread to the bigger ones, and certainly it's looking more and more likely that that is getting close. the problem is debt in both spain and italy. what's going on? well, europe has had to bail out the smaller countries, portugal, ireland, greece. actually greece two times. but now there is fear of real contagion to the bigger economies. italy is the third largest economy in the e.u., spain is the fourth largest, and they could be countries that are actually just too big to bail out. italy, moreover, has virtually no growth which is certainly not promisin