i max kaiser welcome back to the kaiser report in studio gerald salon to gerald welcome to the kaiser report blog great being here max ok joe by the way this is the latest trends journal here it's dynamite as always every single edition has got a fantastic forecast again fantastic comments on what's happening in the world today and people are coming around to your way of thinking a lot of these issues that are gobbling up our civil space and our banking system let me ask you first about m.f. global i see john kors i have still not behind bars but he's bundling for obama raising funds your thoughts what a surprise it's the it's the syndicate that's all it is and nobody from the sin the kids' heads or have a role have you seen a head roll from since the crash of two thousand and eight all the banking crimes that have been committed why should coors line be any different did you see anybody from the merrill lynch mob go under. the goldman sachs gang oh no the five hundred fifty five million dollars fine but we don't admit or deny any allegations or wrongdoing you jaywalking you get a tic

imax kaiser this is the kaiser report man i want to whack first out there stacy ever tell me more max kaiser it's time for plea bargaining for the bankers companies engaged in financial crime get plea bargain offer so companies engaged in financial crime in the u.k. may be able to negotiate plea bargains under legislation being put forward by the ministry of justice the department yesterday published a consultation on a new law all allowing companies to self report their involvement in financial crime the long awaited step is the first in a process that should lead to the introduction of u.s. style deferred prosecution agreements solicitor general edward garnier q.c. say if we can encourage companies to self report income clean paper. penalties and mend their ways the time and expense of investigations and prosecutions will be better spent elsewhere in the building us to bring more individuals and companies to justice right so so free poor thing you don't expose yourself to any criminal prosecution you pay a small civil fine so that means that from a financial terrorist like h.s.b.c.

i'm max kaiser this is the kaiser report vomitorium orgy's stacy herbert tells more guys there that is the america max and i have been in the last few weeks here this is a collapsing empire you see corruption at the top from wal-mart to rupert murdoch to john chorus line there's corruption after corruption and then there's the decadence of the secret service having sex scandal after sex scandal there's no place on earth they haven't been home piers and now we have the population as you can hear outside of course rising up oh they're on the streets around the game oh they're looking for some retribution and they're very hot under the collar and they've joined up with their global counterparts around the world that's the beautiful thing about this globalization if corporations going to globalize still can dissent and of course a key ingredient to a collapsing empire is total ignorance at the top let them eat brioche let them eat cake why are my people all concerned about my burning city and i'm fiddling here so here's the first headline max timothy geitner you can't legislate away stupid

max kaiser this is the kaiser report the war against financial terrorists like jamie diamond and ben bernanke will be one in places like this the global nerve center n h q of gold silver dot com here in santa monica california stacy herbert talk to me max everywhere we go here in america we see debt pushers and the result of their over debt pushing they're pushing this debt crack on people who are just dropping dead all over the street so i have a headline here that is going to put into context and explain this bigger debt pushing story the most dangerous drug in the world devil's breath chemical from columbia can block free will wipe memory and even kill scopolamine often blown into faces of victims or added to drinks within minutes victims are like zombies coherent but with no free will some victims report emptying bank accounts to robbers or helping them pillage their own house and this is taken from the get you drunk tree in colombia yes well you could on the name for that financially speaking would be served or it creates financial zombies like japan for example many zombie bank

max kaiser this is the kaiser report well jamie diamond c.e.o. of j.p. morgan has opened his pie hole again say server yes max your favorite trend in new york city he's back here so where well we know he's going to toss it together and go roust well last wednesday in fact he was up in new york bed along with a bunch of other c.e.o.'s of the banks diamond sites give and take after bank chiefs meet at fed j.p. morgan chase and company chief executive jamie diamond said there was give and take when bank leaders met with federal reserve officials to discuss industry oversight in new york last week oh yeah well we get he takes you know a little tape worm. i want you to tape one any money for me to steal. and then obama says we can look back we have to go forward let's pass laws to make it easier for james is still money. money. and he goes back into the warmth of his layers people and cost of leora where he lives a little family of tapeworms. jamie i was just me. but i maybe because of the tape. and lenders including new york based j.p. morgan the largest and

i'm out of kaiser this is a kaiser report this is a news show that's taking down a major financial terrorist j.p. morgan we've got them on the run thank you for selling the stock short thank you for taking your physical silver off the market this financial terrorist is going down safely ever max you said we've got them on the run in fact the entire global banking and financial system has the runs there runs on the bank in greece and spain and j.p. morgan the biggest bank in the world the biggest financial terrorist they actually have their balance sheet has the runs what's incredible is that people around the world realize that this financial terrorist network led by jamie diamond and j.p. morgan is met there come up and in the reality based world that is now imposing real world accounting on these terrorists and people are now taking the money out of the banks and i want to be like m.f. global customers where j.p. morgan just steals their money and with a great thing that stacey is that they're busy now covering their butts they don't have the wherewithal to keep the price of silver and gol

i welcome back to the kaiser report i'm max kaiser a special and studio guest please welcome here though solana's price is the founder of electro retail chain in mexico hugo has been campaigning to have mexico return to the silver standard welcome to the show you go thank you max well. and i know as i'm an opportune time to mention silver for greece i want to get into that and because this is really an incredible moment in history everyone is talking about a degree exit from the euro you believe there is an opportunity for greece to introduce a silverback currency it's a five step plan i've seen this work already it's fantastic let's walk through it well it's a very it's a very simple plan and in mexico has had great support from politicians but unfortunately or fortunately we have not arrived at a hopeless situation and that is the favorable aspect of the present situation in greece that is hopeless and the situation for europe is hopeless and when there is no hope is a moment. when a new thought can be introduced a new thinking can come into the picture because the the the leaders the

kaiser welcome back to the kaiser report time now to go to artist alex schaefer right here in the gallery showing his are in los angeles aleksei for a welcome back to the kaiser report thanks max all right alex a for for those that aren't familiar with your burning chased story give us a brief outline of the painting and how it made you well known in fact quick synopsis before even occupy broke out i started doing a series of plane air urban landscapes setting up my easel across the street from a local branches of chase bank here in l.a. and i had i was approached by the police the second time i did one and they wrote up an incident report and three weeks later i was visited by two. plainclothes police detectives to. determine if i'm a terrorist strangely enough i think instinctively people know what the bank is doing they're destroying lives or destroying property they are in fact terrorists and i think that's what. the police are keyed in on their they're obviously in league with the terrorists now j.p. morgan chase has been in the news for the past week with more deadly derivatives thr

i max kaiser welcome back to the kaiser report let's talk with liquid koski luke welcome to the kaiser report thanks so much for having me it's really honor oh it's all ours look one man and his smartphone streaming to the world from oh most every major protests in occupation across america tell us about your work as a live stream or of news events and when and where how did this get going look well i wouldn't know i've been pretty much reporting on doing journalism for about seven years now and back in even two thousand and seven we started bringing out laptops a live streaming presidential debate st actions advance remember even four years ago being outside the build a bear group having my. laptop connected to a firewire connector and through a camera and letting the world see what's happening right now the technology is advancing so much that you can just take out a cellphone and have h.d. video quality and be able to provide all raw live an edited unbiased perspective to the world and people are loving it people really appreciate it because the mainstream media is not doing that th

max kaiser this is the kaiser report yet we've got all the fraud coming your way all the accounting mischief and outright criminality another day another crime stacey herbert talk to me no no no max in fact these bankers are really doing god's work they are perhaps infallible they can do no wrong f.c.c. staff ends probe of lehman without finding fraud this is according to bloomberg u.s. securities and exchange commission investigators have concluded their probe of possible financial fraud at lehman brothers holdings without recommending enforcement action against the firm or its former executives according to an excerpt of an internal agency memo it hasn't yet been released they haven't made their final decision but according to a memo they found no fraud yeah ok so while we do know for example dick fault that the end of each quarter when they were supposed to report their balance sheet composite. hundred fifty billion of liabilities off the balance sheet they parked it into a bank that they didn't disclose they didn't add that to their consolidated balance sheet they stated profits illegall

max kaiser welcome to the kaiser report coming to you from king road in chinatown in los angeles just like the global bond market is coming to an end after twenty five years the art market is fundamentally changing from an era of senseless worthless pop to something of more substance stacey or yes max we're here at the charlie james gallery in los angeles and we found the gurnet of the financial war right behind us these that these are fantastic alex shaffer of course known to viewers of the show were here in los angeles at the actual gallery that is showing his art and it is the quintessence of our banks britain aides were the bankers run roughshod over our lives and he's captured that brilliantly by having these bankers particularly j.p. morgan on fire our. well they're the ones that bring down the economy but the reason why i bring up guernica is of course you know this is the iconic painting anti-war painting by publicly caso based on the nazi bombing of guernica and boss country in spain but i wanted to liken this to the financial war that you and i have been talking about the we

max kaiser this is the kaiser report yeah everything's getting more consume the dated the too big to fail banks are getting even more too big to fail this applies to bureaucrats around the world as well consolidating their powers stacy ever tell us more yes max that's true and guess what we're all like that girl did you see in the dragon tattoo wards of the state and my headlines today the french chose a new president will the euro kratz let him do anything there is no more real president of france that role has been taken largely over by the european union commission of brussels like all twenty seven member states france is now under what european commission chairman jose manuel barroso calls the new european system of governance this is comparable to what happens when an individual is judged to be incapable of managing her affairs and is made a ward of the legal guardian or of the state little by little the e.u. commission is taking on the role of legal guardian of the economic affairs of the member states you know the girl with the dragon tattoo i remember that film she was awarde

imax kaiser this is the kaiser report made in middle income and. yeah that's right if trust honesty and morality were trading in the next august and they'd all be belly up. bear market stacy ever tell me more max there's a lot of discontented people out there around the world over here or down there out there are honest little green bar going under. that first headline discontent and nothing we trust fascinating article in the national journal americans are losing faith in the institutions that made this country great other than the us military most of the major institutions are on the dow jones slide bear market as you would say max according to public opinion congress banks supreme court newspapers the presidency even t.v. all looked at negatively so let's go over the first few numbers max the biggest slider in this discontent market is banks down twenty four percent in favor ability opinion presidency down twenty three percent congress down seventeen percent and the supreme court down thirteen percent well let's examine this for a second the per

max kaiser this is the kaiser report everybody in this news room agree is why can't obama send a drone up. i mean it just came out that the lehman brothers executive stole seven hundred million dollars right before bankruptcy that's right they stole it from you and me the drones in the middle east it's a waste of time it's the drones a full strength ring that we made obama wake up all right let's go to states they're overstating hey max seven hundred million dollars that sounds about the same as what jamie diamond j.p. morgan stole from m.f. global clients yeah a funny that i guess that's a round number that they'd love to steal i know just talk to the news people around this room all agreeing these guys are shysters and need to go to guantanamo and beaten with an inch of their life if not worse ok well here's my first headline max good morning vietnam d.j. makes pitch to troubled borrowers a u.s. military veteran made famous by his to trail in the movie good morning vietnam is accused by a consumer group of preying on financially troubled homeowners seeking to lower their mortgage pay

kaiser welcome back to the kaiser report time now to go to terry bull terry bull is journalist his work can be seen in all the major financial publications and also has a terrible dot com terrible welcome back to the kaiser report the max is great to see you already terry bull you have a blockbuster story on j.p. morgan's latest ten q what is a wells notice and why was j.p. morgan presented with a wells notice or why does it matter ok so a wells nose is kind of this special a little warning that the securities and exchange commission will issue financial institutions to say hey we just want to let you know we're going to sue you or we're going to deliver an a foresman action we're giving you a warning ahead of time so that he maybe you'll come back and settle it's kind of like they're calling their bluff why this matters legally is that when they issue this they have to actually the bank has to actually put that in the financial filing so their shareholders now so it's kind of like the f.c.c. is saying hey we're all guess what they did something wrong we haven't charged them yet but we'

welcome back to the kaiser report i'm max kaiser time now to turn to chris whalen senior managing director of tangent capital chris whalen welcome to the kaiser report thank you max all right chris whalen what has the fed done to our economy well what have they done they're basically trying to keep everything the way it was beautiful stay sis this means no debt reduction no taking apart the big banks and no going after the people who ran the big banks and did all of the various acts of fraud that we've seen over less say ten years the fed is really the bad guys here unfortunately because they are trying their hardest to stoke up inflation but we have a deflationary. scenario at the moment so they're kind of fighting the last war and you know as much as we tell them look you really need to let interest rates go up a little bit so the banking system doesn't collapse next here but they don't seem to want to hear this so i would characterize it is the fed fighting the last war i think that's the best way to describe it but they're also not really interested in restructuring and renewal which i

i welcome back to the kaiser report i'm max kaiser time now to go to liam a graph goodman is an award winning journalist who was written for forbes the wall street journal barron's the financial times the guardian she's also the author of the asylum the renegades who hijacked the world oil market lia welcome back to the kaiser report thanks for having liam mcgrath goodman if the u.s. is now an oil exporter why is a price of gas a four bucks price of gas is a four dollars because we're now pegging our fuel prices to the overseas benchmark which is european oil which is twenty dollars a barrel hired and over here in the u.s. which is really convenient for those who are assigned that sounds wacky why are we pegging to that overseas brand when we should be paying to the w t o a west texas good old west texas intermediary i think the texas intermediate has been broken for a while and it's been widely acknowledged by those in the market but it's been taking a while for it to catch on it was saudi arabia that first sort of deserted it then iraq and kuwait and then wall street just decided we