george osborne is petting it's a petting zoo for george osborne just keep shopping keep shopping don't mar the slaughterhouse yet and of course this is goes with the political puffery and privatization and the cumulation of debt is people actually are participants in the economy and yet they have no understanding of what the market economy around them what the price signals are and what the truth is so how are they able to you know you need full facts everybody needs to know the facts in order to participate in the market. the me and the the politicians here want to force an economy up a market upon everything whether it's the health care system or the train systems everything but here people have no understanding of about the very facts in front of their face when i was on wall street we had a saying prostitute kerry prospectuses nobody would get laid. ok if you tell the public what's in the what they're getting into they are not going to get into it you have to lie so s. and p. lives all the major accounting agencies lie it's called puffery and all that mater accounting issues profit

four billion pounds to plug the twenty seven point one billion pound gap in their finances so george osborne is also agreeing with vince cable here he refers to the jihad just tendency in threadneedle street and this is despite this puny amount twenty seven point one billion that we've had the funding for lending scheme all of that money did not go to small businesses in fact investment. is down by thirty percent they're only lending to these ponzi schemes the house and every single freaking penny you give these people they just go into the speculative ponzi scheme here and in terms of this money here's the twenty seven point one billion pound gap you know apple has just reported only one hundred fifty billion dollars cash and bonds just sitting on their balance sheet there's too much cash in the world these there's trillions sitting on these corporate balance sheets why are they not putting it to work if there's such a great economy out here but i want to get into the specifics of going on here with this call that banks should be looser with their middle capital reserves you know i was born

financial terrorism so that cable now has become financial terrorists number one they used to be george osborne but no vince cable your financial terrorist number one you love that right for stealing my material without attribution that right there is a copyright violation mark well he's comparing them to tap the taliban capital taliban so basically here's the bank of england and you can look back for three hundred years of their interest rate policy their money their capital policies are looser than they ever been this is the equivalent of a woman walking down the strength street with a g. string of bases on and he saying that this that the bank of england is treating the money as if it has a full. burqa on and hiding the money keeping the money from flowing loosely around the economy he's blaming them for these capital requirements despite having ultra ultra ultra loose monetary policy right well it brings up the question would you rather sit in a table wearing pay season as the bulls or a burka and i think i'd rather see vince cable wear a burka. but that doesn't mean that is the characteriz

well first of all let's remember that george osborne's call out for the for jail time for bankers who are accused of reckless behavior it has gotten a lot of coverage because of the how big that statement is he is supporting in the parliamentary backing commission's recommendations essentially on stricter guidelines we know now that the banking reform bill is up for debate in a part of the whoever the critics are pointing out that osborne basically don't believe what he is saying that it would that it will actually amount to anything basically they're saying that the legitimacy of banks have been eroded so much out of financial crisis that was simply forced to say something like that in order to appease his critics well let's get more insight on what this all actually means from studies of financial trader you are in the industry should bankers be shaking in their shoes right now because of this big statement from osborne. well some would argue that the best punishment for the banks would not be jailed them but to stop what has been going on last few years bailing them out of public m

as long as i get a piece of it george osborne so the a.c.l.u. says that this growth in the prison population has been fueled by hannah stork all anomaly between one thousand seventy in two thousand and five the us prison population grew by seven hundred percent far outpacing both population growth and crime as a result our country now has five percent of the world's population but twenty five percent of the world's prisoners but anonymous says and the reason why this is now a bad company to invest in they're saying is that the ties are changing not so much on the federal level because the federal government can afford to lock up forever everybody because they could just print the money but on the state level the states can't be in deficit they can't afford to be stupid when there's been a collapsed housing market remember property taxes are where they get most of their money so anonymous points out that state governments are increasingly enacting policy reforms designed to reduce their reliance on incarceration including top c.c.a. customers lik

boat and you're sinking the problem is the debt nobody's addressing the debt max least of all george osborne we've got to go read time ok this is the book planet ponzi all right thanks brianna keyser thanks for having me here again max all right that's all the time we have for this edition of the guys report with me nice guys and stacy herbert i'd like to thank our guest mitt feinstein of plan a ponzi dot com if you'd like to get in touch tweet us at kaiser report him so next time ask us and by our. i've seen the perception of the cross many times it doesn't matter if there's snow heat wave ok. hailstones people keep on going i don't expect anything i just want i told myself i keep on going as long as my heart told me to that's all i want to get the moment. i have said so mind she see i'm carrying these sayings on my shoulder. do you want me to put a bandage shared you know that's fine a lot of people were so exhausted they could barely walk their feet hurt and some of them fainted with already back to it three two wanted to keep going i don't know what tomorrow will bring. down like the off

chancellor george osborne has been quick to dismiss so if the scots choose independence it could be no pound no e.u. no army high phone bills and not even any royal mail to use as an alternative their piece of cautions have led to accusations that the anti independence campaign is engaging in scurrilous scaremongering what we're getting there is the kind of fear factor managing you can't be part of a single currency union a sterling union if you have independent you can't have this you can't have got no these are big. substantial debating points but it shouldn't be used as a gun to the heads of score a few. this is going to be a punishment scotland's first minister has already said that the british government's so-called project fear isn't going to work that we go through that to be every you. will be dismantled. and disintegrate like dracula and all how more horror film the release of course earns on obscure subjects has reportedly ankit senior figures in the u.k. government by telling on petty issues such as these many say they're only giving credence to the scottish nationalists pol

bankers could soon face jail time for conduct for misconduct while managing banks chancellor george george osborne has backed tough rules for the industry now but his response to proposals from the parliamentary commission on banking standards is already drawing criticism nazis tester is still has the latest on this from lunde. call for the for jail time for bankers who are accused of a reckless behavior that has gotten a lot of coverage because of the how big that statement is he is supporting in the parliamentary backing commission's recommendations essentially on stricter guidelines we know now that the banking reform bill is up for debate in a part of the whoever the critics are pointing out that osborne they simply don't believe what he is saying that it would that it will actually amount to anything basically they're saying that the legitimacy of banks have been eroded so much out of financial crisis that was simply forced to say something like that in order to appease his critics well let's get more insight to what this all actually means for us studies a financial trader you are in the ind

making is the ship comes at the present moment doesn't blow all the english it doesn't belong to george osborne the chancellor is part of the assets of the united kingdom so the point is quite simple we are prepared to take a share of assets and a share of liabilities in the way both these are huge but if of course he was to argue as he suggests he might we can have a share of assets of the common. couldn't see that by definition we don't have a share of the liabilities and the liabilities for the later kind of. the many international precedents for example the breakup of the soviet union will be newly independent countries did not by negotiation end up paying the national debt of the soviet union so the dead below still under the present moment if they are to persuade us to accept a share which we are willing to do the new only basis in which we'll do it is if we have a share of the assets as well you can't of one with the other become of the bond with a penny and that is why incidentally that after a yes vote for independence will be no difficulty from london about sharing a common comes adam

after, chancellor george osborne announced a opposed 11.5 billion pounds in cuts and outlined the government spending plans for 2015-2016. this is about 35 minutes. >> questions for the prime minister. gordon henderson. minister, thank you, mr. speaker. meetingsing, i had with my colleagues and i should have further meetings today. >> many people who have mortgages are benefiting from historically low interest rates. can i give myce constituents that they're mortgages will continue to be affordable under this government? a record lowy interest rates and that is good news for homeowners. what we need to do is to stick to the plans we have set out, have a sensible fiscal policies of the bank of england can keep its rates low. one piece of advice i will not be taking is on saturday, the leader of the labour party said he wanted control borrowing. that shadowe said borrowing will go up. >> admin the band. -- ed miliband. >> mr. speaker, last may, the education secretary said, "work will begin immediately on 261 roger x under the building program the bank can you tell the house how many have begu

and there's george osborne's there like i don't get it done i don't he can't he can't stop them so from line so the article no this is following on the heels of libel rigging and all the other rigging they've done then they say the latest allegations relate to a reverse auction of gilts conducted by the bank of england on october tenth twenty eleven shortly after q e two started on that day one lender tried to sell gilts the bank at an inflated price official spot of the sudden spike and pulled out of the deal their minds moved to the south of the scam from a few years back to be as were allowing their high rolling clients to manipulate prices of art work higher so that the value of everyone's artwork in everyone's portfolio would be priced higher than kristi's has also been involved in the similar scam but there is very no markets now in the world they're not subject to massive a manipulation and scamming of this sort in large part because of the artificially low interest rates that make it easy to borrow money to commit fraud the easiest way to get rid of all this fraud would be to ra

and provide that billion on a short term basis well in the bank of england and the treasury and george osborne when they failed to match the books at the end of the day and there's left over doesn't that just get through the search of this nature of these inciting deal doesn't just end up on the debt of the u.k. absolutely and they're going to stroke an electronic check and they're going to pay everyone off and anyone that hasn't got a physical the reason i don't offer trotting is the day that you get settled in cash will be the day gaps up one hundred two hundred three hundred all this. thought right enterovirus thanks so much for being on the class reports always a pleasure. and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i'd like to thank our guest andrew maguire if you like just get in touch tweet us at kaiser report until next time ask either saying by oh . this is sars or. are. you. there's a media lead us so we believe that maybe. i will soon push to secure the place your party has a goal. bush is that no one is asking with the guests

senator fishley yet but he is mentioned in his article as somebody who the chancellor that is being george osborne can relate to and get to relax the minimum capital requirements and to support schemes like help to buy fund the land and all these other programs that are meant to increase the leverage because they believe that increase leverage and the increase of asset price that come with that increase in leverage is growth even though the underlying economy is shrinking jobs are shrinking wages are shrinking they still see growth because they're inflating a ponzi scheme because bernie made off just because he had a huge fund that one up every month because he was engaged in a ponzi scheme he said he was growing judge or a board thing is growing in fact they should be raising interest rates correct to deflate this nightmare apologies because as you point out at some point it ends and there's a crash where you don't want my you can't pay or you can't spend your way out of debt with borrowed money so you've got to compare it to your revenues and when you're spending four times what you make that's