did you expect imax to continue to have these big pictures?well, we have by great slate for 2013. iron man three, star trek, the next installment of of that. hundred games. man of steel, the new superman movie. i think what you saw in 2012, even a larger network in 2013. should help propel our financial results. ashley: 55% in the last quarter. out leaving the close to that in this current quarter? >> well, i guess there's a couple of secrets. there are three. one is pick the right movies. redone a good job of that of the last year. to is, we are increasingly global on a view towards movies. right now we have something like seven or eight movies playing around the world. in china we have a chinese movie in europe we have different movies they're playing. we have die hard here in the u.s. combination of all that. the third thing is the network is growing at 20-25% compound growth rate. the show's strong reason increasing network you get financial leverage and eps and earnings and cash flow. ashley: and a time when consumers are starting to feel

>> hunger games shot with imax cameras. the next installment of the hobbit coming also in imax. the big winners. kind of like predicting stocks. >> how much negotiation do you have to do with the zreters to push the technology on them or do they come to you? how does it work? >> they really come to us now. and it's no accident that the directors that come to us are the big name ones, jim cameron, steven spielberg, chris knoll, et cetera, because if you think about it, to paint your vision on the biggest cameras in the world, shown the best way, is really -- >> what's your investment in those films? >> it costs us around $1 million to convert the film to an imax film. remember we've also built this global network, more than 600 theaters all over the world. so we get about 12.5% from the studio for showing the film, and then we get anywhere from 5% to 20% from the exhibitor. depending on the kind of deal. so, for some of these blockbuster films we don't really pay the actors, you know, we don't really pay the director but we could get up to a third of the box office. >> you've bee

welcome to the kaiser report imax kaiser i tell it to you to get out of. to get out of sterling and out of stricken some of us on wall street are agreeing with me yeah the bond apocalypse which is by the way a term that i now claim ownership. u.b.s. tells clients to get ready for the bond pocalypse u.b.s. is planning a mass mailing to many of its brokerage clients alerting them that they have been reclassified as aggressive investors following a recent change in its market outlook that some people inside the firm say reflects a growing bearishness in the bond market particularly over the long term some acts yeah why are they reclassifying clients as aggressive if you were a client or if you were the broker sending out this letter what is going on here right well when you open an account at a brokerage firm per the laws of going back to thirty three and thirty four the know your customer rules you have to fill out what the profile of the customer is whether they're conservative whether they're aggressive and typically if they are conservative then they woul

welcome to the kaiser report imax kaiser i told you to get out of. to get out of sterling and out of stricken tomatoes on wall street are agreeing with me yeah the bond apocalypse which is by the way a term that i now claim ownership. u.b.s. tells clients to get ready for the bond pocalypse u.b.s. is planning a mass mailing to many of its brokerage clients alerting them that they have been reclassified as aggressive investors following a recent change in its market outlook that some people inside the firm say reflects a growing bearishness in the bond market particularly over the long term some acts yeah why are they reclassifying clients as aggressive if you were a client or if you were the broker sending out this letter what is going on here right well when you open an account at a brokerage firm per the laws of going back to thirty three and thirty four the know your customer rules you have to fill out what the profile of the customer is whether they're conservative whether they're aggressive and typically if they are conservative then they would

welcome to the kaiser report imax kaiser i want to talk about trickle down stupid last week a judge in the u.k. dismissed a jury for being too stupid to understand even the most basic english words or concepts of trial by jury like guilty beyond a reasonable doubt what's that they ass oh or i know the british media mocked a stupid jury of morons and idiots and yet does the british media snicker when finance ministers banking regulators department of justice and president the united states ask when presented with evidence of libel or rigging market manipulation fraudulent selling of securities money laundering but is this a crude time they ask bankers ever be guilty they ask stupidly u.s. and attorney general eric holder when presented with not only evidence of a crime but a fricken confession of h.s.b.c.'s guilt for drug money laundering and terrorism financing asks. should i as head of the u.s. justice department charge them with a crime or how about president obama when asked why his justice department had done nothing against the criminals responsible for the small drink wreck of a

welcome to the kaiser report imax kaiser i want to talk about trickle down stupid last week a judge in the u.k. dismissed the jury for being too stupid to understand even the most basic english words or concepts of trial by jury like guilty beyond a reasonable doubt what's that they ass oh or i know the british media mocked a stupid jury of morons and idiots and yet does the british media snicker when finance ministers banking regulators department of justice and presidents the united states ask when presented with evidence of libel or rigging market manipulation fraudulent selling of securities and money laundering but is this a crude time they ask bankers ever be guilty they ask stupidly us and attorney general eric holder when presented with not only evidence of a crime but a fricken confession of h.s.b.c.'s guilt for drug money laundering and terrorism financing asks. should i as head of the u.s. justice department charge them with a crime or how about president obama when asked why his justice department had done nothing against the criminals responsible for the smoldering wreckag

welcome back to the kaiser report imax keyser time now to turn to john butler he's the chief investment officer at them for a capital prior to launching m. for a john work for deutsche bank and lehman brothers john butler welcome back to the kaiser report thank you max always a pleasure all right now john butler interesting phrase picked up from your book actually that failure pays more than success in this banking industry talk about that a little bit well if you look at the financial crisis and look at how we got into it obviously banks played a central role they took on too much leverage they didn't capitalize themselves enough against the risks they were taking now some of them say they didn't understand the risks they were taking i think these people are a bit too clever and sophisticated to not have understood to a tremendous degree the risks they were taking but isn't it tempting if you don't capitalize your firm sufficiently against the risks are taking it allows you to pay out more in salaries and bonuses and then if for if you do sale to close the wind and you do get taken out

welcome to the kaiser report imax kaiser if you need to ask what exactly is in your ready mail chances are you don't really want to know if you need to ask what is in your mortgage backed security chances are you don't really want to know i mean do you really want to know that there is a boot laced horsemeat in your c.d.o. infinitely re hypothecated m.f. global debt in your burger or is that the other way around it's so hard to keep track with all these conflicting statements from the f s a's stacy exactly max l. every single night on the news here there's a problem that the f.s.a. was supposed to be responsible for and of course that's because there's the financial services authority and the food standards agency and it is that the two scandals otherwise are as crimes are very similar in the conduct of the authorities and the regulators and the participants in it could exactly be the same but yeah that's fantastic because they both lead to. a decline in living standards and inflation you know because when they chop up the mortgage backed securities and chop up the bond they securitize

the kaiser report imax kaiser i told you to get out of. get out of. and out of. wall street are agreeing with you. yeah the bond apocalypse which is by the way a term that i now claim ownership. u.b.s. tells clients to get ready for the bond pocalypse u.b.s. is planning a mass mailing to many of its brokerage clients alerting them that they have been reclassified as aggressive investors following a recent change in its market outlook that some people inside the firm say reflects a growing bearishness in the bond market particularly over the long term so max yeah why are they reclassifying clients as aggressive if you were a client or if you were the broker sending out this letter what is going on here right well when you open an account at a brokerage firm per the laws of going back to thirty three and thirty four the know your customer rules you have to fill out what the profile of the customer is whether they're conservative whether they're aggressive and typically if they are conservative then they would migrate over to the bond market which are perceived to b

welcome to the kaiser report imax kaiser i told you to get out of. told you to get out of sterling and out of the stricken tomatoes of wall street are agreeing with me yeah apocalypse which is by the way a term that i now claim ownership. u.b.s. tells clients to get ready for the bond pocalypse u.b.s. is planning a mass mailing to many of its brokerage clients alerting them that they have been reclassified as aggressive investors following a recent change in its market outlook that some people inside the firm say reflects a growing bearishness in the bond market particularly over the long term some acts yeah why are they reclassifying clients as aggressive if you were a client or if you were the broker sending out this letter what is going on here right well when you open an account at a brokerage firm per the laws of going back to thirty three and thirty four the know your customer rules you have to fill out what the profile of the customer is whether they're conservative whether they're aggressive and typically if they are conservative then they wo

welcome to the kaiser report imax kaiser if you need to ask what exactly is in your ready mail chances are you don't really want to know if you need to ask what is in your mortgage backed security chances are you don't really want to know i mean do you really want to know that there is a boot laced horsemeat in your c.d.o. infinitely re hypothecated m.f. global debt in your burger or is that the other way around it's so hard to keep track with all these conflicting statements from the f s a's stacy exactly max l. every single night on the news here there's a problem that the f.s.a. was supposed to be responsible for and of course that's because there's the financial services authority and the food standards agency and it is that the two scandals otherwise known as crimes are very similar in the conduct of the authorities and the regulators and the participants in it could exactly be the same but yeah it's fantastic because they both lead to. a decline in living standards and inflation you know because when they chop up the mortgage backed securities and i chop up the bond they securiti

welcome to the kaiser report imax kaiser i told you to get out of bons i told you to get out of sterling and now the stricken tomatoes on wall street are agreeing with me yeah the bond apocalypse which is by the way a term that i now claim ownership. u.b.s. tells clients to get ready for the bond pocalypse u.b.s. is planning a mass mailing to many of its brokerage clients alerting them that they have been reclassified as aggressive investors following a recent change in its market outlook that some people inside the firm say reflects a growing bearishness in the bond market particularly over the long term so max yeah why are they reclassifying clients as aggressive if you were a client or if you were the broker sending out this letter what is going on here right well when you open an account at a brokerage firm per the laws of going back to thirty three and thirty four the know your customer rules you have to fill out what the profile of the customer is whether they're conservative whether they're aggressive and typically if they are conservative then they would migrate over to the bond

welcome to the kaiser report imax kaiser if you need to ask what exactly is in your ready mail chances are you don't really want to know if you need to ask what is in your mortgage backed security chances are you don't really want to know i mean do you really want to know that there is a boot lace horsemeat in your c.d.o. infinitely re hypothecated m.f. global debt in your burger or is that the other way around it's so hard to keep track with all these conflicting statements from the f s a's stacy exactly maggie l. every single night on the news here there's a problem that the f.s.a. was supposed to be responsible for and of course that's because there's the financial services authority and the food standards agency and it is that the two scandals otherwise it is crimes are very similar in the conduct of the authorities and the regulators and the participants in it could exactly be the same but yeah that's fantastic because they both lead to. a decline in living standards and inflation you know because when they chop up the mortgage backed securities and chop up the bond they securitiz

welcome to the kaiser report imax kaiser if you need to ask what exactly is in your ready mail chances are you don't really want to know if you need to ask what is in your mortgage backed security chances are you don't really want to know i mean do you really want to know that there is a boot laced horsemeat in your c.d.o. infinitely re hypothecated m.f. global debt in your burger or is that the other way around it's so hard to keep track with all these conflicting statements from the f s a's stacy exactly max l. every single night on the news here there's a problem that the f.s.a. was supposed to be responsible for and of course that's because there's the financial services authority and the food standards agency and it is that the two scandals otherwise are as crimes are very similar in the conduct of the authorities and the regulators and the participants in it could exactly be the same but yeah that's fantastic because they both lead to. a decline in living standards and inflation you know because when they chop up the mortgage backed securities and chop up the bond they securitize

welcome to the kaiser report imax kaiser that it is going out the trends are reversed saying the sands are shifting all signs that the four horsemen of the bond apocalypse are riding into town and when they arrive all that you thought you knew to be true will in fact be false house prices always rise false bonds are safe investments false gold money false your toilet will flush when you push the handle that's completely false all things that were true are false when the bought apocalypse arrives stacey max for decades we've lived in a world where bond prices have been rising and commodity prices were declining however as the crisis hit the crisis hit once that started to reverse and we see in all of our headlines today. the fundamental nature of all the world around us is changing due to these reverse in trends of prices. swiper take twilit as u.s. homes with plumbing ebb amid the worst recession since the great depression pilfering cut the number of u.s. homes with complete plumbing by about ten point four percent from two thousand and eight to two thousand and eleven according to a u

welcome to the kaiser report imax kaiser you know karl marx once said the last banker we shall be the one who sold us the roller coaster you say i've just learned there's a roller coaster designed to kill passengers so naturally i thought that sounds a whole lot like wall street up down up down. the amusement park version of this roller coaster designed to kill passengers it's called the euthanasia coaster it reaches i have sixteen hundred feet followed by a steep climb it and then seven consecutive loops in which it suicidal passenger spends upside down while traveling a speed of two hundred twenty three miles per hour the gravitational forces ten g.'s enough to kill a person by draining the brain of all blood and oxygen cerebral hypoxia yes the financial casino gulag version of the ride is called the flash crash and reg markets ride. on this wall street flash crash every ounce of wealth is drained from your pocket as the gravitational pull of multiple fake trays traveling faster than the speed of light go for enough g.'s to kill your entire portfolio death by financial hypoxia stacy

welcome to the kaiser report imax kaiser if you need to ask what exactly is in your ready mail chances are you don't really want to know if you need to ask what is in your mortgage backed security chances are you don't really want to know i mean do you really want to know that there is a bootleg horsemeat in your c.d.o. infinitely every hypothecated m.f. global debt in your burger or is that the other way around it's so hard to keep track with all these conflicting statements from the f.b.i.'s a stacey exactly every single night on the news here there's a problem that the f.s.a. was supposed to be responsible for and of course that's because there's the financial services authority and the food standards agency and it is that the two scandals. the ways it is crimes are very similar in the. conduct of the authorities and the regulators and the participants in it could exactly be the same but yeah it's fantastic because they both lead to. a decline in living standards and inflation because when they chop up the mortgage backed securities and chop up the bonds they securitize the bonds an

welcome back to the kaiser report imax keyser time now to turn to economist constantine gav our guest was in fact meant to be shown on quinn formally the richest man in ireland now bankrupt like the nation itself but like the nation going same as i've been hijacked by evil leprechauns their last spotted running make it across a field of four leaf clovers trading contracts for difference on pots of tungsten gold constant welcome to the kaiser report thank you marx delighted to be with you guys all right cosseting tell us about i b r c a the bank formally known as anglo irish which is now having its debts magically converted to sovereign debt or b r c is that the or if you want all the collapse of the irish economy and both the legal implications of that bank and implications of that on the economy completions of that well then back b.r.c. started as the bank which absorbed as a bad bank which absorbed together the assets of liabilities or do most insolvent institutions and are the bank largest bank which was the third largest bank at the time when the crisis struck and also audition na

imax will show the fpl may 15th. >>> facebook celebrating its 9th birthday today. started the site when he was a sophomore at harvard university. >>> kodak has asked the bankruptcy court to give it until may 31st to have its exit proposal. they have the target of mid 2013 date as. that is today's speed read. david: two seconds to make take a deep breath and move on. liz: got it. [buzzer] david: a fund that focus on companies with long term sustainable growth and competitive advantage of its pierce, does appeal, piers. liz: it does and he is sticking with it. peers. it is negative for the past year, down 2% over the last year. you're still sticking with it. are you ready to ride it through? >> we are absolutely. a year ago, actually less, six months ago apple could do no wrong. everybody thought they were the most invery tate tiff company in the world and six months later they can do nothing right. our view on apple. one is the sustainability of the top line revenue growth. in order to keep growing they will have to expand and beyond the high core end of the smart p

welcome to the kaiser report imax kaiser i told you to get out of. to get out of sterling and out of stricken to wall street are agreeing with me yeah apocalypse which is by the way a term that i now claim ownership. u.b.s. tells clients to get ready for the bond pocalypse u.b.s. is planning a mass mailing to many of its brokerage clients alerting them that they have been reclassified as aggressive investors following a recent change in its market outlook that some people inside the firm say reflects a growing bearishness in the bond market particularly over the long term so max yeah why are they reclassifying clients as aggressive if you were a client or if you were the broker sending out this letter what is going on here right well when you open an account at a brokerage firm per the laws of going back to thirty three and thirty four the know your customer rules you have to fill out what the profile of the customer is whether they're conservative whether they're aggressive and typically if they are conservative then they would migrate over to the b

. >> "top gun: an imax 3d experience." an extra dimension. it has been remastered in 3d. that is the box office previous. >> he looks so young there. >> he was. >> 5:51. jacoby jones response to the idea that he should have been the super bowl mvp. >> we are not dealing with any delays. southbound 295, traffic is starting to build towards the capital beltway. six to five on southbound 97 -- 65 on southbound 97. dealing with slick roads. there could be sleet up near the pennsylvania line. >> rain in mill river, -- middle river. snow may begin to mix in. the basic forecast is rain today. high temperatures seldom baltimore near 40 degrees. up towards pennsylvania, a little snow or sleet man next into the picture. newington gets hammered today with the snow -- new england gets hammered today. >> good morning appeared the off-season is here. the biggest item is reciting joe flacco. ozzie newsome and steve bisciotti said that is going to happen. it commits some other players might not be back. steve bisciotti and ozzie newsome and john harbaugh outlined their approach to the fu

welcome to the kaiser report imax kaiser that side is going out the trends are reversed saying the sands are shifting all signs that the four horsemen of the bond apocalypse are riding into town and when they arrive all that you thought you knew to be true will in fact be false house prices always rise false bonds are safe investments false gold money false your toilet will flush when you push the handle that's completely false all things that were true are false when the bought apocalypse arrives stacey max for decades we've lived in a world where bond prices have been rising and commodity prices are declining however as the.

welcome to the kaiser report imax kaiser and i'm here to tell you that we are living in a post industrial cargo cults lots of cargo cult us according to wikipedia a cargo cult is a religious practice that has appeared in many traditional pre-industrial. i will societies in the wake of interaction with technologically advanced cultures the cults focus on of chaining the material wealth i.e. the cargo of the advanced culture through magic and religious rituals and practices kind of like pressing control pre.

up next imax guys and stays ahead that reveal the scandals beyond the financial headlines because that report. wealthy british style. sometimes.

welcome to the kaiser report imax guys are you know what's wrong with this economy it's all built on a foundation of yes the united states is an empire led by a teleprompter it is an empire of debt spanning the globe blood.

welcome back to the kaiser report imax kaiser time that it started john butler is the chief investment officer at them for a capital prior to launching m. for a john work for deutsche bank and lehman brothers john butler welcome back to the kaiser report thank you x. always a pleasure all right now john butler interesting phrase picked up from your book actually that failure pays more than success in this banking industry talk about that a little bit well if you look at the financial crisis and look at how we got into it obviously banks played a central role they took on too much leverage they didn't capitalize themselves enough against the risks they were taking now some of them say they didn't understand the risks they were taking i think these people are a bit too clever and sophisticated to not have understood to a tremendous degree the risks they were taking but isn't it tempting if you don't capitalize your firm sufficiently against the risks are taking it allows you to pay out more in salaries and bonuses and then if for. if you do sail to close the wind and you do get taken out

welcome back to the kaiser report imax keyser i'm pleased to welcome to our studio world renowned mathematician and monetary scientist professor on talf a cat of the new austrian school of economics and for cancer research professor welcome to the kaiser report thank you my it's a pleasure to be here people are extremely excited to have you on the show and others have copied you but it was you who pioneered the importance of observing the gold basis as a sign of global financial distress explain gold basis and what is currently telling us about the global financial system you should think of the gold being the most sensitive. to anywhere ever. a lot of people talk about the prize that is being manipulated well i tell you the good news is cannot be manipulated what is the basis for it break it down for us i tell you the base is very simply the difference between the cash price of gold and the future price of gold because there's a cash market for gold and there's a futures market and the prices diverged and the difference is very very sensitive and it tells you a whole story which would take sev

welcome to the kaiser report imax kaiser i told you to get out of told you to get out of sterling and now the stricken tomatoes on wall street are agreeing with me yeah the apocalypse which is by the way a term that i now claim ownership. u.b.s. tells clients to get ready for the bond pocalypse u.b.s. is planning a mass mailing to men.

welcome to the kaiser report imax kaiser oh what a wicked web we when first we practice to deceive said sir walter scott about the global derivative markets natch or at least he could have the deception at the heart of the director's market is of course that risk can be separated from reward and once removed.

the kaiser report imax kaiser you know what's wrong with this economy it's all built on a foundation of yes the united states is an empire led by a teleprompter it is an empire of debt spanning the globe a bloody culmination of forty years of pushing trading a shadow banking system collateralized by a combination of liar loans and temp workers consuming genetically modified food like products. it for this yellow cake breaking talcum powder shaking perpetual war making balloon boy chasing fake it to make it economy we're all the heroes of fake girlfriends and steroids and. we have a new rockstar for a phone. call you stacy yes max this is rob university rob you his real name is robert weenie and he faces. he faces thirty years i'm for isn't for defrauding some banks front man for l.a. ben charged with six million dollar loan fraud so over a two year period max this guy went to comb america which is a regional bank based out of dallas and managed to secure six million dollars in loans based on the fact that he looked like a rock star and he had one you tube video which had one point fo

welcome back to the kaiser report imax kaiser time that it started john butler is the chief investment officer at them for a capital prior to launching m. for a john work for deutsche bank and lehman brothers john butler welcome back to the kaiser report thank you max always a pleasure all right now john butler interesting phrase picked up from your book actually that failure pays more than success in this banking industry talk about that a little bit well if you look at the financial crisis and look at how we got into it obviously pink's played a central role they took on too much leverage they didn't capitalize themselves enough against the risks they were taking now some of them say they didn't understand the risks they were taking i think these people are a bit too clever and sophisticated to not have understood to a tremendous degree the risks they were taking but isn't it tempting if you don't capitalize your firm sufficiently against the risks are taking it allows you to pay out more in salaries and bonuses and then if for. if you do sail too close to the wind and you do get tak

welcome back to the kaiser report imax keyser time out attorney john butler he's the chief investment officer at them for a capital prior to launching m. for a john work for deutsche bank and lehman brothers john butler welcome back to the kaiser report thank you max always a pleasure all right now john butler interesting phrase picked up from your book actually that failure pays more than success in this banking industry talk about that a little bit well if you look at the financial crisis and look at how we got into it obviously banks played a central role they took on too much leverage they didn't capitalize themselves enough against the risks they were taking now some of them say they didn't understand the risks they were taking i think these people are a bit too clever and sophisticated to not have understood to a tremendous degree the risks they were taking but isn't it tempting if you don't capitalize your firm sufficiently against the risks are taking it allows you to pay out more in salaries and bonuses and then if for if you do sail too close to the wind and you do get taken

the kaiser report imax kaiser i told you to get out of the.

welcome to the kaiser report imax kaiser if you need to ask what exactly is in your ready mail chances are you don't really want to know if you need to ask what is in your mortgage backed security chances are you don't really want to know i mean do you really want and that there is a bit latest horsemeat in your cd.

welcome back to the kaiser report imax kaiser i'm pleased to welcome to our studio world renowned mathematician and monetary scientist professor and talf a cat of the new austrian school of economics and for cancer research professor welcome to the kaiser report thank you it's a pleasure to be here people are extremely excited to have you on the show and others have copied you but it was you who pioneered the importance of observing the gold basis as a sign of global financial distress explain gold basis and what is currently telling us about the global financial system you should think of the gold base is the most sensitive. to. ever. a lot of people talk about the prize that is being manipulated well i tell you the good news is cannot be manipulated what is the basis for it break it down for us i tell you the basis is very simply the difference between the cash price of gold and the future price of gold because there's a cash market for gold and there's a futures market and the prices diverged and the difference is very very sensitive and the whole story would take several lectures to explain