keyser welcome to the kaiser report jump down turn around pick a bale of cotton that's right you member that from the old days old plantation days well turn around and pay your rent to me i'm a bank and i own you yeah it's nice to be in banks or in these days of zero percent interest rates printed exclusively for the banks or. max you sound like somebody from k k r they're one of the banks of the world london bankers become landlords as rents hit record so london rents max have risen more than six percent in the past year to a record even as job cuts by banks reduce employment in the financial services industry to a twenty year low technology and media companies are drawing workers to the city while lenders restrict mortgages to all but the most credit worthy customers that's encouraged individual investors and companies including k k r and company to enter the rental market as central banks push down yields on debt to record lows all right so this is a classic case of rent seeking you've got the central bank and the investment banks there are colluding they get interest rates down near

welcome back to the kaiser report imax keyser time now to go to new york and speak with andrew ross of strike debt rolling jubilee campaign andrew is a professor of social and cultural and alice's at n.y.u. he's a contributor to the new york times the nation newsweek and the village voice and the author of many books including nice work if you can get it and life and labor in precarious times andrew welcome to the kaiser report thanks for having me on max all right andrew ross first tell us about the rolling jubilee how did it start what is the motive and who's debt is being stricken the rolling joe believes a very very simple idea we raise money we buy this stress debt on the market second rate the market and instead of collecting on the debt the way that collection agents through we simply abolish the day and we write to the debtors in question and we tell them that they are off the hook it's been a phenomenally successful campaign so far in the last two weeks or so we've raised almost four hundred fifty thousand dollars and what that means is we can abolish nine million dollars wort

welcome back to the kaiser report imax keyser time now to go to argentina and speak with to our demand stirrer of macro trends dot b. and author of the new paper the gloom of central banking to our welcome to the kaiser report comix nice to be with you all right george the european central bank recently released a fifty five page report called virtual currency schemes tell us about it tell us about the gloom behind this e.c.b. report well it's very interesting it got out last week and when you read it it's first seems to be just about you know it could be about any online competition for or for the central banks or any other types of currencies but when you read into it there's a hundred and eighty three mentions of bitcoin and they also mention that they they wrote this report because they got a lot of questions from the public in the past few months and i mean this has to be because of bitcoin so i only know that of course there is the question why why would one of the most powerful financial institutions on the planet why would they bother writing about bitcoin because you could jus

takes on the world of big business in the latest keyser up for us. which is soften enough and knows that to ride a horse you've got to catch it first. for him it's a daily routine that you're soft as a horse breeder on the island of horn at the heart of bike all his life on an isolated farm is about blue sky green grass and his horses work there sometimes it gets lonely here but horses have become part of me now i've fallen off so many times sometimes that bites as well it's part of my everyday life. i holmes been home to a rats local just laugh for centuries most still live off the land of cattle and fish every evening local villagers place their nets and in the morning the catch is always good. we always have enough here. or. if by coal is often called the pearl of siberia and horn is said to be the pearl of by call it's a land of think forests. and vast staps. it's also a place of action to borat's traditions risk. directed by locals and travelers the like. an economist turned adventurer has crisscrossed by called shores and learned its customs we

welcome back to the kaiser report i'm max keyser time now to go to los angeles to talk with know a prince author of it takes a pillage and black tuesday no he is a former senior bank executive at both goldman sachs and bear stearns know a welcome to the kaiser report. our last thing here all right know me your latest blog post is titled before the elections are over wall street one explained yeah that's right the right of the article was to alchemy all of the information that doesn't get discussed in the mainstream media about how these candidates are actually the same with respect to the many things that what the point of my article was with respect to how they deal with wall street financial regulation banks continuing to be too big to fail and accept her and the minor difference between that's just how they verbalize their acceptance of wall street obama verbalizes his acceptance by saying that he has passed the most sweeping reform ever since the great depression which isn't true and romney verbalizes his acceptance of wall street by saying he will repeal it however being as the legis

welcome back to the kaiser report imax keyser time now to turn to simon rose of save our saviors a bit like save the whales yeah i mean maybe save is where we close to extinction the way things are going i think so you know it's interesting ecology and finance they should actually approach finance like ecology because the markets are being in talks of five with toxic bonds and toxic policies and greenpeace should open a branch on wall street i've been saying that for years anyway so i mean you've brought in a fascinating study here from william f. four x. president of the federal reserve bank of atlanta produced this report tell us about it well everybody everybody's been saying that low interest rates all the way to to produce growth at least not everybody but those people who think the way to get food is more borrowing but they he steve actually calculated what would happen if the people used to get their income still had it and he said the low interest rates are costing the u.s. economy and i'm you will three hundred seventy one billion dollars in spending three million jobs on two

keyser in forthcoming in a few. gracefully dancing across the arctic tundra more than just a scenic image it is a way of life traditionally the people are. herders and though in many ways they lead a simple and rustic life they are also highly skilled and organized. another week. respond to some religious depending. on the day we found this particular camp they were settled near the coast of the ta to see here for families work together to manage nearly a thousand reindeer herding reindeer is not just a job for the people in fact it's a part of their entire culture heritage and way of life and that they can use almost every single part of the reindeer to help them survive. a deer is a means of transportation. equipment and clothes and with. the life in the tundra is harsh and so before winter hits many of the children are helicoptered to the center of the district for boarding school. students learn different languages utilize modern technologies through specialized grant programs and even learn arts skills all with

keyser welcome to the three year anniversary edition of the kaiser report for three years because the report has been bringing you markets finance scandal because of us and because of you banks jurors are going the way of the twinkie the homo and the doing dumb stacey i'm. max kaiser they are going out of business banks shrink as job cuts near one hundred sixty thousand major banks have announced about one hundred sixty thousand job cuts since early last year and with more layoffs to come as the industry restructures many will leave the shrinking sector for good as we done so you outpaced new hires by roughly two to one yes we are succeeding in our quest to get rid of all the bank stars it's been a combination of a few things the crash j.p. morgan by summer campaign has had a lot of bankers out of business the rise of crowdfunding sites like pirate my film and others right here in the u.k. like seeing or reading about today in the f.t. are putting bank stars out of business the problem david cameron and george osborne is now one in ten companies over one hundred sixty thousand and the