i'll take it why only give three pull this out of my kid so max. again this is what we're saying people are baffled why the economy is collapsing it's being taken by the too big to fail they've run off with the economy but they're too big to chase too big to shoot it looks pretty much too big to fail there is they made a movie version of the book and then made. paulson was played by bill hurt bill hurt who i know he hangs on paracel lot and he told me personally he was ashamed to do this movie but nevertheless the new york times of course gives a glossy spin on this movie sorkin there is a little pimp writer i think he wrought up yeah who wrote the book who glorifies these pimps himself is this for a commercial model for the new york times so they write this ridiculous treatise meanwhile book movie like inside job the pews away the layers of the onion and a massive fraud people what. good people. go. through ok well that's fringe media max the fringe well you don't really it's only the mainstream media tells you what you don't need to know for hams

the next our financial guru max kaiser explores the dangers of the e.u. debt crisis and its influence on the global economy that's up next. i am max kaiser this is the kaiser report there's a common theme emerging all roads are pointing to one culpable source of the catastrophe b b i'm not talking about brigitte bardot but ben bernanke stacey herbert please elaborate yes mag's we're going to talk about the root cause of our financial catastrophe being the chairman of the command and control federal reserve committee greece impact small for u.s. banks bernanke so this is ben bernanke speaking to the press he says we have asked the banks to essentially do stress tests and ask looking at all their positions all their hedges what would the effect on their capital be if if greece defaulted the answer is that the effects are very small right now this is going to be a recurring theme throughout this entire portion of our program the fact that ben bernanke the law is i mean this is the beginning of all law because it doesn't mention the shadow banking system as i

max keiser this is the kaiser report money is getting tight i'm reading that the state of ireland is actually scavenging the sea floor looking for a copper left by the telecommunications industry to sell for scrap their drudging their own seabed first scrap copper that's how bad it is in ireland and around the world let's get all the updates from stacy herbert max actually you know that story reminds me of the seventy's when inflation was raging and money was tight and oil in particular was out of control in price but the seventy's also reminds me of times square when you had a lot of hustlers there shaking you down but i still have my leisure suit. or leisure suit as much of the world calls them so the first headline though reminds me of these times square is hustlers congressman pulls support for libya rebels u.s. congressman dana rohrbacher a strong supporter of the libyans people's uprising and now with his withdrawal of support for them because the revolutionaries were not agreeing to repay us for the expenses and helping them attain freedom like i said he's a hostile or right h

investigating a oil release leak oh yes max surprise surprise u.s. commodity regulators are examining whether traders received early word of a decision to coordinate a release of global oil stockpiles ahead of thursday's announcement by the oh good i'm going to talk about my bloomberg reveal now of course we know that they did get advance knowledge we've been talking about on this show the fact that those in washington in congress actually can trade on inside information and it's legal to do so how they got that booked into the legal framework i got to do a little bit more looking into it but inside information is completely legal this is by bloomberg revealed because the bloomberg service which is a terminal you pay a lot of money to get prices basically and you get to look at markets now there are different subscription rates of bloomberg you know if you pay more you get a look deeper into who's bidding and who's offering in the marketplace and if you pay even more you get spoon fed to you inside information from michael bloomberg who is there the

card debt new study claims yes being encroached under a mountain of debt is typically frowned upon max but new research has suggested this could actually be a dream scenario for many young adults it claims those saddling themselves with credit card debt will feel empowered and feel more self-esteem oh let me guess this research was financed by j.p. morgan chase. perhaps but the research was actually conducted by rachel dreier an assistant sociologist at ohio state university and her study found that eighteen to twenty seven year olds who had huge credit card debts not just small credit card debts but huge ones and university loan debt remember this is another scheme they're pushing on us around the world this incurs huge university top up fees and you'll be happier well according to her study that these people are a generation ago or two generations ago the word work implied accumulating savings but now the word work means accumulating debt so what they're saying is you young people out there who are entering the workforce if you work really hard you will accumulate massive debt we thi

station herbert tell us more max well i have proof of this not only the revolution happening in greece but we have the financial propaganda to convince you the slave on this toxic debt farm to continue incurring more debts not better self-esteem saddle yourself with mountains of credit card debt new study clean yes being crushed under a mountain of debt is typically frowned upon max but new research has suggested this could actually be a dream scenario for many young adults it claims those saddling themselves with credit card debt will feel empowered and feel more self-esteem oh let me guess this research was financed by j.p. morgan chase. perhaps but the research was actually conducted by rachel dwyer an assistant sociologist at ohio state university and her study found that eighteen to twenty seven year olds who had huge credit card debts not just small credit card debts but huge ones and university loan debts. remember this is another team they're pushing on us around the world this encouraged huge university top up fees and you'll be happier well according to our study that these p

now max kaiser and co stacy herbert doubts what a fax mountains of debt can hop on a nation's self-esteem kaiser report is next for an archie. keyser welcome to the kaiser report as we have been reporting financial melt. made the world uninhabitable for capital and so now we live in a financial no go zone you are slaves of the talks that have been created a fall in which we are mr wealth and little of the toxic sludge slowly station over tell us more max well i have proof of this not only the revolution happening in greece but we have the financial propaganda to convince you the sleeve of this toxic farm to continue incurring more debts one better self-esteem saddle yourself with mountains of credit card debt new study clean yes being crushed under a mountain of debt is typically frowned upon max but new research has suggested this could actually be a dream. for many young adults and claims those saddling themselves with credit card debt will feel empowered and feel more self-esteem oh let me guess this research was financed by j.p. morgan chase. perhaps but the research was actually cond

i mean max keiser this is the guys report of things you never knew about michael bloomberg but first let's check in with stacey herbert stacey max you know we've been talking about suicide bankers around the world and they are out in full force this latest week but at the start of the week i want you to look at this image from outside of their crop elice when it was taken over by the communist party union in athens the people's house the power never surrender organize counter attack is to counterattack in athens joining the global insurrection against banker occupation over there in cairo they're well ahead of the curve and they're rejecting all i.m.f. world bank loans and all these protests are going to can join to become the global movement and by the way for you frickin so-called communists in athens you're not fighting against capitalism you're fighting against monarchs and oligarchs capitalism got nothing to do with your problem you something exactly actually the quote is we will strengthen our struggle with people from all over the world against capitalist brutality in order fo

i'm not talking about brigitte bardot but ben bernanke stacey herbert please elaborate yes max we're going to talk about the root cause of our financial catastrophe being the chairman of the command and control federal reserve committee greece impact small for u.s. banks bernanke so this is ben bernanke speaking to the press he says we have asked the banks to a standstill a do stress tests and ask looking at all their positions all their hedges what would the effect on their capital be if if greece the faulted the answer is that the effects are very small right now this is going to be a recurring theme throughout this entire portion of our program the fact that ben bernanke the law is i mean this is the beginning of all law because it doesn't mention the shadow banking system as it was described by former prime minister gordon brown when he says that the effects are minimal he's talking about the effects of what these banks reports to regulators as being a fair balance sheet but we know now going back to two thousand and eight that they simply don't report trillions of dollars of lia

max kaiser this is the kaiser report you know every time you spend your money you increase the debt in the globe which decreases your purchasing power that's why you're going broke that's the word there but there's a new dimension now a new way for you to go broke it's all doing good dollars we're going to find out all about it but first let's bring in the lovely the talented stays here max all my headlines today have to do with this sort of neo feudal gulag casino state the first headline read the european gold confiscation scheme unfolds european parliament approves use of gold as collateral according to their press release yesterday's unanimous agreement by the european parliament's committing on economic and monetary affairs. they go by to allow central counter parties to accept some gold as collateral under the european market infrastructure regulation and here another word for king is further recognition of gold's growing relevance as a high quality liquid assets of course you know the history of this is they outlawed gold for a while they try to bring in money which was as good

lying yeah yeah yeah well so obviously max keiser h.s.b.c. was the very first bank to pull out of the u.s. mortgage market in two thousand and six two thousand and seven household financial and now they've been trying apparently to wind down their business first they've been trying to find a buyer for this business because they do not want exposure to the american consumer they want to expand their exposure to the asian workers striking and protesting and rioting in china right there trying to aggressively get out of the u.s. market because they know that with no jobs and no savings you eventually the credit card business will collapse including visa and mastercard that's correct and i would also note that h.s.b.c. is there for denying americans the right to life liberty and the pursuit of self-esteem so just pulling out all of their lending facilities in an america yes and also moving the bank apparently you know they're going back to their asian roots in ages b.c. they're what they're getting out of the entire western model going east you k

max kaiser this is the kaiser report on this show we're trying to instigate as well as follow the global insurrection against banker occupation few countries are moving up the scale of outrage from indifference the key word this week is indignation not outrage and decapitation but we're getting there stacey tell me more next no wonder you're the leader of this global insurrection against banker occupation because nobody does that indignity did face better than you i'm the king of self-righteous indignation let's see the case for a special occasion stays i just can't draw the line that's a special occasions only the people of greece of moved you see from indifference somebody is going to go over them in spain of course now they're saying asking themselves why why why are we letting the global bankers do the d.s. chaos. well you know some might have thought it was hyperbole to call it banker occupation but check out this first headline max greece shocking new bailout conditions mean the end of national sovereignty yes apparently the big news from greece this week that is in order for the c

but that's not what matters max all that matters is that they show their compliance because remember this is a us empire built on an addiction to oil and easy oil and all they need to tell the population of america is that the they will continue providing them with cheap oil as one oil analyst in the. the article notes saudi arabia wants everyone to understand that they are serious it's important that the saudis are signaling that they are offering additional barrels it's important for everyone to understand that the saudis are lying they don't have the additional oils barrels of oil to pump they are field like kids around in bergen in kuwait is in rapid decline the eighty five or eighty five million barrels that was pulled out of the ground recently during a recent year the top of the historic top it'll never be at that level again because it's a finite resource what what is it about the word finite that you don't understand you frickin saudis well listen we have a finite show here i've got this really important story to end with so i want to move on to that so us underwrites intern

that's bad it is in ireland and around the world let's get all the updates from steve so you heard max actually you know that story line three of the seventy's when inflation was raging and money was tight and oil in particular was out of control in price but the seventy's also reminds me of times square when you had a lot of hustlers there shaking you down but i still have my leisure suit. or leisure suit as much of the world calls them so the first headline though reminds me of these times square is hustlers congressman pulls support for libya rebels u.s. congressman dana rohrbacher a strong supporter of the libyans people's uprising and now it's his withdrawal of support for them because the revolutionaries were not agreeing to repay us for the expenses and helping them attain freedom like i said he's a hostile or right he's like one of these con men that throw a ring a gold ring in front of you walking through the streets of paris and they say here i found this wonderful ring here have it you take it and oh by the way they and their fugs chase you down and try to shake you down for

the economic disaster it's all tied together here at the end of time as we know it stays here over max yes everybody keeps on being baffled and surprised remember we did an episode dedicated to wall street was baffled by all the economic data coming out showing things are worse than what they say it is and everybody has said it's been a financial and economic melt down well i have a new phrase for you it's melt through and i think this is what we have actually been experiencing is economic melt through well i think i'll just pick up on this for a second because remember after the initial crash of two thousand and seven two thousand and eight we have the stimulus and you also had the bailouts and then you had a bounce which was called a recovery but now even according to time magazine there was no recovery there was the beginning of what you're saying now a melt through you well were you melting through to your melting through to a place called depression has cracked well first let me set up what the analogy refers to fukushima nuclear plant may have suffered melt through japan admits s

-max so he's also saying that the greeks are not the problem it's not the people of greece that caused this problem it's the monetary system that is the principal agent and the fact that this is true you could see in the price of gold the points that takes me to the next headline greeks turn savings to gold and perth mint silver coin sales surged to record on haven demand so the financial times this article points out is reporting that greek citizens are emptying savings accounts and buying gold as they brace themselves for the possibility of a sovereign default and a run on the banks so sales of gold coins have soared in recent weeks as people are converting all their savings into gold that's not gold and silver and you know we were now friends recently writing a new documentary down there and had a chance to speak before thousands of people have been on the national television in finance and translated into greek and a message to the greek people is clear to buy gold and silver to protect yourself against the financial hole cost provokers like remember back to the occupation days in

dot are you until next time this is maxed out or saying by.