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thank you being on the gaza report thank you max don't go away much more coming your way. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realized everything you thought you knew you don't know i'm tom harkin welcomes the big picture. welcome back to the kaiser report imax kaiser time now to turn to charles hughes smith of the website of two minds dot com charles welcome to episode three hundred of the kaiser report thank you max i'm honored three hundred and nice round number absolutely charles the financial banking a debt crises continue we see austerity sandwiches in europe food stamps in the u.s. obama is blaming europe europe is blaming obama who is right what can they all be wrong. i mean i think we could talk about austerity as a as a sort of fraudulent concept because we have to ask why are we tightening our belts and so kind of picking out your gulag casino state reference from a previous show it's sort of like we're being told we went to vegas a las ve

maybe in the world why it's the kaiser report states that ever max kaiser that's true indeed and you look very dangerous sitting there in moscow the twenty five most dangerous people in finance max according to josh brown downtown josh brown the reformed broker dangerous in a good way though he says these are the financial media players who are making things very difficult for the establishment to maintain the status quo because we try to have their way allow the banks and other corporations to write the laws that make all of our decisions for us turns out that's not true democracy or capitalism it's something else entirely and we've all had enough these are the folks leading the charge to take it back number one max keiser and stacy herbert the kaiser for her that's right stacy everett we make it difficult for a van to maintain the status quo to maintain the illusion of free markets to maintain the illusion of efficient markets these markets are not free they're not efficient they're being manipulated for the effect of the wealth transfer to the very tip but it's a pretty top and th

s wider activities and max this group m i g bag they. loans apparently these monks were major players in the stock market and they. bank lent them but they also lent loads of other tycoons in greece they loaned them money in order to buy shares in the bank right here is a classic ponzi scheme we've seen in iceland they got penalized for it big of the u.k. big in the u.s. you loan money to big guys who end up buying stock in the bank to support the stock price and then the stock price is used as collateral to support more loans now the case of j.p. morgan as i mentioned they're using their stock prices support their naked short position and sober and that's why when silver price goes up they don't topple the bank utterly but with the monks what i suggest is they take themselves public and they do a public offering in the new york stock exchange it could be months incorporated and it's backed up by the monks belief that the collateral that they hold in their books is worth something per their spiritual beliefs that's about as tangibles a t

phrase of the decade and these people are ready to join the others up the ramparts well max use this phrase rise up four years ago it took four years before the global insurrection against banker accusation caught on and you can see why this rise up has happened in this next headline this is the front page of liberace own this is save our ship you know spain is sinking right so we've gone from grex it to what they now call spam ik oh my god it's a span apocalypse well here is what spain can look forward to a spanish grips spain athens scrambles as coffers go bare so of course everything is worse and worse than expected them predicted then the elites in the central authorities on the on elected officials keep on arguing just take more debt and everything will get ok just slash the wages of the working poor just slash the wages of the middle class just slash the pensions and in fact it keeps on getting worse and this is where the big fish comes in max because part of the debt collection problem is well the middle class and poor have actually no money to pay whatever back taxes they mig

i'm max cocksure this is the kaiser report you know zombies are everywhere in the world not only about salt and hailing flesh eating zombies in florida but the global banking system as well is replete with dead men and zombies stacy herbert tell me more max in fact i think we need to start looking at the headlines and applying that to j.p. morgan goldman sachs u.b.s. credit suisse they have to prove to us that they are not dead because i have declared them dead they are dead the keiser report has declared them dead max kaiser has declared them dead so it's up to them to prove that they are alive dead man runs for india's presidency a dead man is running in india's presidential election next month to prove he is alive santos kumar saying a thirty two year old cook has spent nine years trying to prove to officials that he is alive after his high caste relatives declared him dead after he married an untouchable well his manifesto contains only one pledge max and that is to be recognised as alive and he has no desire to be president he says all i want to do is prove i'm alive if the govern

you know i'm saying max the c. f.t.c. orders barclays to pay a two hundred million dollars civil monetary penalty case cease and desist from further violations as a charge and they're still allowed to participate in the submission of of libraries so they're submitting every morning what the interest rate should be why are they involved in that now this is obviously a conspiracy the order from the c.f. t c lays out clearly there are thousands and thousands of e-mails and recorded phone conversations just like this case about the big breaking scandal across america that we disable bond market the same thing happened here there was open conversation about i don't like those rates set higher i don't like those rates set lower and as a c f t c points out max they were doing this in order to make whole on their derivatives positions again this is the shadow banking system the hundreds of trillions of dollars if you think we have too big to fail banks that barclays is too big to fail for there who hundred twenty billion dollars

fined barclays two hundred million dollars max in what the f.b.i. termed the largest coordinated international law enforcement action and history directed at carving crimes authorities said the sting saved two hundred to four million dollars in potential fraud losses the defendants depending on their charges face prison terms ranging from five years to more than twenty five years so this is a card crime max but isn't that the same thing as what the libel rigging is because libel rigging is rigging the interest rates upon which credit card interest rates are set so barclays is also involved in a card crime and yet do you see in the c.s.t. see or the f.s.a. what announcement did you see any notice that any of these guys face any sort of criminal prosecution no lie boris like having a credit card with a three hundred trillion dollar line of credit and they commit fraud and they don't and then there were more crimes in the news this past week max wash trading by high frequency firms said to face us scrutiny who i'm so scared about you're screwing me tha

morgan trading loss drove three level stand alone cut however according to moody's max j.p. morgan benefited from the assumption that there is a very high likelihood the u.s. government would back the banks bond holders and creditors if it defaulted on its debt according to moody's statement. without the implied federal backing j.p. morgan's long term deposit rating would have been three levels lower and its senior debt would have dropped to more steps says moody's so remember that american population when jamie diamond goes up in front of your congress your elected representatives donning the the presidential cufflinks and saying those little peasants well fifty million of them rely on me for food stamps. i am the cop would be a cop oh he is a welfare queen just as much as anybody relying on food stamps just as anybody relying on medicare or medicaid i love the language of the the assumption that their their balance will be backed up by the government otherwise it would be downgraded more so they're using their gambino john gotti metaphor there is cufflink jamie you know th

max kaiser this is the kaiser report just hanging out in london doing my alive somebody was very kind to give me this one kilo of silver what the banks are skull crusher listen to this but a banker skull under here. that's gonna art if the global insurrection against banker occupation continues as it is many of these will be in people's hands performing the ultimate skull crush says the herbert. max well perhaps people are to start hitting themselves in the head with that because we as a population continue to fall over and over for these scam services banks are these fraudsters these ponzi scheme operators fully twice shame on me russians fall once again for a notorious ponzi scheme a huge financial pyramid is set to collapse in russia leaving thousands of families penniless this is no surprise the man running it is the russian bernie made off sergeyev move rudy an infamous criminal and a hero to his followers the demise of move ortiz company m m m twenty eleven was easy to predict after all the convicted fraudster ran or near identical con in the mid ninety's that duped perhaps as m

max keiser markets find chaos. yeah you know i want to look back at some of the headlines preceeding the sunday vote that happened in greece to remind you as we go forward because you see spain and italy are also now you know their cost of funds are increasing and looks like chaos will follow there perhaps france as it got downgraded so let's look at the lead up to the greek elections world bank warns that euro collapse could spark global crisis you're facing lehman's moment says outgoing head robert zoellick as greeks are warned over a key election the telegraph warned greek election catastrophic vote to leave euro would cause bank run. well it was like a lehman brothers moment but let's remember what the lehmann brothers moment was all about the stock was down sharply and then a false rumor was started and attractive naked short sells that is this a counterfeit stock sales of lehman brothers stock flashforward to greece greece also being attacked with naked short sells and credit default swaps destroying their ec

just slash the pensions and in fact it keeps on getting worse and this is where the big fish comes in max because part of the debt collection problem is well the middle class and poor have actually no money to pay whatever back taxes they might owe and this leaves the big fish and this is a particular challenge lies in what mr leck us tax collector calls the big fish the eighteen thousand three hundred off shore businesses belonging to wealthy greek individuals and companies there's a huge pool of money out there but they have no way of accessing it right so this off shore money of course a lot of institutions. j.p. morgan and but when j.p. morgan gets of the trouble they reach in and just take the money from their customers i think there are the most global so there's people who think that they're going to save tax or save their wealth by hiding it offshore they're not going to get it from jamie dimon who's just stealing money left and right right out of customer accounts they need to do something more intelligent like buy gold well you know speaking max of those who are forced to go fis

welcome back to the kaiser report i'm max kaiser time now to turn to child c.s. math the website of two minds dot com charles welcome to episode three hundred of the kaiser report thank you max i'm honored three hundred and nice round number absolutely charles the financial banking and debt crises continue we see austerity sandwiches in europe food stamps in the u.s. obama is blaming europe europe is blaming obama who is right welcoming all the wrong. i mean i think we can talk about austerity as a as a sort of fraudulent concept because we have to ask why are we tightening our belts and so kind of picking out your gulag casino state reference from my previous show it's sort of like we're being told we went to vegas to las vegas and blew our paycheck and ran up our credit card and now we have to tighten our belts but actually what we what we did was we went to las vegas and we watched major bank and speculators but all the money. and then transfer that debt to us so we're tightening our belts to pick somebody else's debts that doesn't seem like the austerity that

it is to get the max. political impact. material is what helps keep journalism we. we want to position. something else. welcome back i'm max kaiser time now to go to economist professor and member of parliament in tunisia. mon stuff welcome to the kaiser report. thanks for the invitation all right month seth i first met you in july of two thousand and nine when you sat opposite me on france twenty four is debate show where we debated a wall street has it learned its lesson and the answer obviously is yes they have learned how to steal and steal and stealing get away with it again and again your thoughts well my thought my thought is that when there the communism died with the fall of the berlin wall we know that capitalism died the same day because real careful ism is not working anymore and that's true that most of the people who all three are throwing to get money but not but not growing to premieres the real economy job creation and the creation well it's interesting you bring up the fall of the berlin wall and the collapse of communism and you say that there is

max well perhaps people are to start hitting themselves in the head with that because we as a population continue to fall over and over for these scammers is banks are these fraudsters these ponzi scheme operators fully twice shame on me russians fall once again for a notorious ponzi scheme a huge financial pyramid is set to collapse in russia leaving thousands of families penniless this is no surprise the man running it is the russian bernie made off sergeyev move rudy an infamous criminal and a hero to his followers the demise of move ortiz company and him twenty eleven was easy to predict after all the convicted fraudster ran a near identical con in the mid ninety's that duped perhaps as many as one in ten russians his latest thing max his web site offers forty percent returns but he openly advertises the website openly says that new members funds are used to pay dividends to those who put their money in earlier it's a chain letter it's a ponzi scheme and surrogate has the honesty to call himself a ponzi scheme operator is not trying to sugarcoat that is anything but a ponzi scheme op

past the max. whop it's actually this one's kind of cold i deserve a rebate on that yes george i was born forced into pasty tax u. turn while we have been here the tax was twenty percent on any food served at bob b. and temperature and it was seen as symptomatic of a government out of touch with ordinary working people cameron had defended the move designed to put twenty percent that on all foods sold above ambient temperature insisting that he loves a pasty well known as politicians are not above and beyond temperature along the zombies are actually cadavers are roaming around the white all house of commons zombies repeating the same old shit over and over again but you're right to say it is past it's not pastry and we've been fighting the good fight for the people of cornwall for a number of years you know they sought regional distinction for the cornwall pasty and they deserve it like parma has the parma ham on the parma cheese the people of cornwall deserve a regional distinction for the cornis

over the past ten years particularly warren buffett stock all right let's hear more states than ever max it seems everybody in the world is seeking salvation economic and financial salvation first of course you mention gold so i'll mention this headline in the news a talian police seize gold worth two million euros swiss border italian tax police have seized fifty kilos which is one hundred ten pounds of gold from an italian businessman at the swiss border well the first thing i thought about when you saw this story of course was the scene in french connection where they find the heroin packed away in the run aboard of that car imported over b.m.r. say from the french guy to new york where popeye doing well played brilliantly by gene hackman eventually captures it but this is not about heroin this is about gold and of course gold is getting across borders now as people try to figure out what to do in this global the flesh generate nightmare they want to hold on to something of value that may change purchasing power so you see the evidence of this down behavior not only in the markets but

identical con in the mid ninety's that duped perhaps as many as one in ten russians his latest thing max his website offers forty percent returns but he openly advertises the website openly says that new members funds are used to pay dividends to those who put their money in earlier it's a chain letter it's a ponzi scheme and surrogate has the honesty to call himself a ponzi scheme operator is not trying to sugarcoat that is anything but a ponzi scheme operator so there is some truth in advertising yes i am a ponzi scheme i am surrogate the ponzi scheme meister and this is yet another scheme the same scheme i already got trouble with again contrast this with other stories stacey but there were significant bonuses for any of the participants in the scheme so when you look around the schemes around us you have to say like where are you you know you have to bring in more of these ponds these in order for the scheme to work so you look at the pension ponzi we're now having on average one child per couple that's not enough to pay for the fonzie's that's why that's collapsing now look at the u

max kaiser this is the kaiser report well you know it's pretty much all a con game and some con games are more well known other stacie herbertson max keiser the short count come on it's a change a reason con it's known as and is a common short con and involves in offer to change in amount of money with someone while at the same time taking change or bills back and forth to confuse the person as to how much money is actually being changed the most common form the short count seen in many movies yes that movie from twenty years ago or so paper moon had a famous scene during the depression when they're at the store they're doing that the change done they're switching back and forth and the person ends up with a lot less money than they thought they did and we see this being played out on the global banking scandal scale and as we've been saying all along it's all based on traditional con games just played out on a much bigger for a timescale much bigger size of a con a bigger on the biggest on of all member paul newman in the sting was chasing the big on this is really the biggest yes th

morgan to pay a fine for this max. thirty thousand dollars which the article points out is equivalent to just over one millionth of j.p. morgan's total employee compensation last year of twenty nine billion dollars j.p. morgan also neither admitted nor denied the rule violations it's not a fine stacy herbert there's a bribe there's a difference between a fine and a bribe if you pay a regulator a small amount of money like this so that they don't prosecute you for breaking the law that's not a fine that's a broad regulators are as culpable as j.p. morgan the rating agencies and mainstream media in perpetrating this fraud that's causing people in athens to blow their brains out jump out of buildings and all kinds of mayhem and how much by the way of their losses on silver were they covering at that time at the same time because you have maintained that you know a lot of people say oh max keiser who cares about jamie diamond's huge massive short position in the silver market because for every seller there's a buyer so it'