network i would suggest you do you'll learn an ocean full of financial info from the brilliant max kaiser now of course i agree with you you can learn an ocean full of financial info from max kaiser we respect his program so much another option though in terms of learning about the treasury's exchange stabilization fund so that i don't look so confused if perhaps watching this show on say august seventh two thousand while the legal basis of the e.s.f. is the gold reserve act of one nine hundred thirty four which you just talked about for a spell as amended in the late seventy's the act provides the in part the department of the treasury has a stabilization fund consistent with the obligations of the government in the international monetary system to fund an orderly exchange arrangements in an orderly system of exchange rates the secretary with the approval of the president may deal in gold there you have it foreign exchange and other instruments of credit and securities. that was when we had chris murphy on from gap last time i don't think i looked as confused when i was explaining what it wa

like at the lowest possible level ok david hales thanks so much for being on the kaiser report thank you max all right now that's going to do it for this edition of the kaiser report with me max keiser and stacy herbert i want to thank my guest david house of the open university here in the u.k. if you like to get in touch with us you can do via tweet or twitter at kaiser report or facebook dot com for slash kaiser report and. good luck. with. those interviews. to teach creation why you should care about. why you should care only on the dot com. goodspeed. her. and i. wish i wasn't going to. be a mom if some good odds were. running a just see them on the enemy. ai a little mouse rainham a little. download the official application to your cell phone choose your language stream quality and enjoy your favorites from alzheimer's if you're away from your celebration of all it just doesn't matter now with your mobile device you can watch on t.v. anytime anywhere. could be. gone. under left nothing to live. so. for precious children. night on mom's rajeev shoulders. leave it to.

welcome back to the kaiser report on max kaiser time now to turn to stephen a romero as he's a professorat loyola school of law and author lawless capitalism for us a professor emeritus was previously at the resolution trust corporation and also an informant attorney with the securities exchange commission. professor welcome to the kaiser report. thank you max thanks for having me ira let's start with an f. global one of the most audacious crimes in the finance sector last year john karzai is of course x. calm and sax acts governor of new jersey and a big fundraiser for obama did it get away with a crime and if so which crime or crimes professor. well as i often tell my students merrick's the only way to know for sure someone's guilty of a crime is to get to a jury and wait for it and see what the jury says in terms of whether or not there is evidence beyond a reasonable doubt but subject to that yes it certainly looks like someone got away with a crime when i was at the securities and exchange commission we as part of our enforcement program monitored broker dealers and one of the funda

welcome back to the kaiser report i'm max kaiser time now to go to shanghai and speak with dan collins publisher of the china money report dan collins welcome back to the kaiser report thanks max going to be bad all right dan collins the economist magazine says the u.s. china relations well defined global politics and twenty thirteen where do you think relations are going hare well yeah so that he's. pretty much agree with that but i think subplots of the piece it was really about china japan for two thousand and thirteen two thousand and twelve we saw massive changes here in china you know not far from where i live here there was a panasonic factory burned down as of thousands of chinese history although not on a second day and hold on a second what he said that a panasonic factory was burnt down i don't see that the news what's going on there . oh max you haven't checked out of china motor report or are boarded up. yeah the battery was burned down here in studio a little suburb of shanghai here little sort of people. there's a japanese three year the entire japanese restaurant store

welcome back to the kaiser report i'm max kaiser time now to go to new york and speak with. blog dot com and welcome back to the kaiser report. thank you and as usual it's a pleasure to be back all right reggie middleton you've been writing about the education bubble tell us about well it's a bubble that's very similar to i guess all the other bubbles in the history of the developed nation you have an excessive amount of debt chasing funding and i said that even has an inflated value and to a fictitious where you the debt is the student loan. system credit system in the u.s. particularly and the assets the deployments that the loans of funding. the diplomas have both in my opinion and from and a bit of perspective it inflated a fictitious value and the debt is excessive it's very easy to attain and it's massive it's approaching that of the subprime bubble at its peak which was a roughly about one point three trillion dollars the student loan. debt market is piercing the tree and mark and increasing by roughly we you know hundred billion dollars or so perfect. two thirds of a

welcome back to the kaiser report on max kaiser time now to turn to david halsey's a senior research fellow at the open university in the u.k. david welcome to the kaiser report it's good to be good to see now on your bio it simpler dot org you write i think that current p.t.p. file sharing systems like bit torrent are essentially global economic experiments from which we may observe new economic phenomenon so here we have. the file swapping which is relatively narrow what's known from bit torrent what's happening post napster era and you also mention bitcoin ok so burning all those together ok well what's interesting about the way the research has been going to see between the research is that because massive deployed systems i mean bittorrent it's the largest possibly the largest deployed system that's said to be. measurements can be made because it's an open system so anybody can go in a measure what's going on the data can be collected and data can be used to understand the kinds of economic transactions are going on within bit torrent now you might think a bit too it's not an eco

welcome back to the kaiser report i'm max kaiser time now to go down under to australia and speak with. das author of extreme money welcome back to the kaiser report. nice to be with you max all right let's talk twenty thirteen what do you see is the key economic themes for the new year. well the first thing i think is this is the year in which people are going to realize that economic growth ain't coming back because i think for the last few years everybody said well we tried this it didn't work on our we've got a new thing it will work and i think people suddenly realize that growth is not coming back at the levels we saw it's a pretty two thousand and seven the second thing which will slow from that i think is that people will focus more intensely on the policy to which is fiscal policy the monetary policy which is zero interest rates as you know we might have negative interest rates at also all the money printing the quantitative easing people will start to ask questions like this is stuff actually work and if so when will it work all right and also the us let me come in for a seco

welcome back to the kaiser report max kaiser time now to go to san francisco and speak with poet s.a.'s lyricist john perry barlow a founding member of the electronic frontier foundation barlow is out with press freedom foundation dot org a site that provides you with an easy way to donate to journalism organizations dedicated to transparency and accountability john perry barlow welcome back to the kaiser report. mix nice to almost see all right fantastic said joe perry barlow along with daniel ellsberg famous was a blower and john ku's act famous movie star is set up a new web site called press freedom foundation dot org tell us about it what we're doing essentially is finding a way around the financial in argo that was imposed on wiki leaks back in two thousand and ten when they first started to make serious trouble for serious people that is to say reveal things that are also in there in there so i'm sure we'll be competence or we could miss or moline and intend to various parts of the government and at that time. to. joe lieberman senator from connecticut and peter king a congress

welcome back to the cow's report i'm max kaiser time now to turn to nick dunbar author of the devil's derivatives there it is the devil's derivatives get a good shot of this this is the book you gonna read also another classic instant classic inventing money dunbar welcome to the kaiser report thanks much for the devils derivatives this is a key text in understanding how we got to where we are today because it goes back to rivet is and long term capital management which is discussed in this book inventing money also a key. point in the history let's talk a long term capital management for a second and derivatives and what your take this was the huge hedge funds that. collapsed in one thousand nine hundred eight actually the last time that russia defaulted. and it was a lot of turmoil and the global markets around that time there was this hedge fund that was seemingly unconnected to all these things but was pulled down by the volatility in the markets and it was bailed out by a consortium of the world's biggest investment banks and at the time it seemed that that was a warning shot acr

welcome back to the kaiser report i max kaiser time now to go to washington d.c. and speak with author publisher investor doug casey of casey research is latest book is called totally incorrect first your thoughts on the official statement from the german bund to spank that they will be repatriating all of their gold held in france and twenty percent of their u.s. held reserves casey it makes all the sense in the world actually. it made sense in the past when the russians were there when the east germans were there to diversify geographically their gold but it serves no useful purpose to store these go there gold with. foreign central banks which actually they have no reason to trust again we've got a move around the world central banks are repatriating galled as part of what some are calling the currency war it appears as though all the central banks printing lots and lots of money and shillings of dollars of fat currency is making the central banks nervous and they right to be nervous yes they should be nervous because the assets of most central banks in the wor

welcome back to the kaiser report i'm max kaiser time now to go to austin texas to talk with alex jones of info wars dot com. alex we have in the united states day abandonment of habeas corpus we've got the patriot act we've got the. n d a we've got extra judicial murders of u.s. citizens we've got bradley manning being held without charge. how would you. define tyranny in america alex jones we are now seeing highway checkpoints without warrants quote looking for gang members where they search your vehicle whether you're for gun control or not they know the federal government announcing we're just going to put pressure and muscle and threats on gun dealers and manufacturers outside of law we are seeing just situations where taxes in some cases are being doubled or tripled we're seeing taxes increased on poor people we're seeing the ultra rich basically exempt did i mention you know all of the warrantless wiretapping by the n.s.a. the t.s.a. sticking their hands down our pants now the police courts have ruled can tell user you to make you answer questions there is no more fifth amendment

welcome back to the kaiser report i'm max kaiser time now to go to new york and speak with jesse eisinger he's a pulitzer prize winning journalist from pro publica his latest piece is called what's inside america's banks co-written with frank partnoy and published at atlantic dot com jesse welcome to the kaiser report. hi thanks for having me ok so i guess the first question logically would be what's inside america's banks well the answer is that nobody knows it's not just that the average person on the street doesn't understand what's inside the banks doesn't understand the assets or the true state of the business it's the sophisticates don't know the most sophisticated investors accounting professionals regulators even bankers themselves don't trust the banks and that's a big problem as you can imagine ok so you write about the one of the biggest causes of the problems being a lack of transparency correct so you would advocate more transparency but what about outright fraud. well outright fraud is a big problem we would say that transparency would lead to much less fraud you can't eradi

like but the lowest possible level ok david house thanks so much for being on the kaiser report thank you max all right now that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i want to thank my guest david house of the open university here in the u.k. if you like to get in touch with us you can do so via tweet or twitter at kaiser report or facebook dot com for slash kaiser report talks on mascot or sang by our. what makes life complete. and a happy family. or self-expression. a public issue. that seems so true. when it's a major. child. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. china corporations are all today. could be somebody ever after. gone. under left nothing to live. so hold on to for precious children. like on my hands rajiv shoulders. leave it to die. on our to. hold it hold it hold it hold it hold. it. there i am. at the end of the street i am sure you feel. her her. hand i am i am i wish i was. going to vomit flow good really am.

for being on the kaiser report max thank you for having me and folks can follow me at real alex jones on twitter and in full wars dot com and say out all your a great crew there for me now i'm fantastic all right that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i want to thank my guests alex jones of info ours dot com if you'd like to contact us please tweet us at kaiser report or facebook dot com forward slash kaiser report until next time next guys are saying. bio. world. science technology innovation all the list of elements from around russia we've got the future covered. download the official application to your cell phone choose your language stream quality and enjoy your favorites from alzheimer's if you're away from your television just doesn't do so now with your mobile device that you can watch on t.v. any time anyway.

if you're away from your television just doesn't do it now with your mobile devices you can watch your t.v. anytime anywhere. i am max kaiser welcome back to the kaiser report time now to turn to n.y.m. the chairman and c.e.o. of charter us treasury portfolio managers and welcome back to the kaiser report and last time you're here we're talking about sever you had a bold prediction you were looking for a hundred fifty dollars on silver it's up six percent already in twenty thirteen what's what's the update. oh so far so good i mean. roughly in a small way what we what we thought we might do it's going up it's pretty much is going up every day this year and it's help of winning gold which is something else we thought would happen and we think there's a lot more potential in the move i mean the u.s. mean the stock. sell in sulaco and there we're going to i think there's verisign to shortage this issue it is a shortage of developing the silver market is that correct this is just a massive demand for the silver coins in a comin them fast enough. and all supplies over is not that great that comes out of the ground right it's onl

max kaiser welcome back to the kaiser report time now to turn to n.y.m. chairman and c.e.o. of charter us treasury portfolio managers and welcome back to the kaiser report ok last time you're here we're talking about sever you had a bold prediction you were looking for a hundred fifty dollars on silver it's up six percent already in twenty thirteen what's what's the update. oh so far so good i mean. roughly in a small way what we what we thought we might do it's going up it's pretty much is going up every day this year and it's help of woman go which is something else we thought would happen and we think there's a lot more potential in the navy i mean the u.s. marine the stock. sell in sulaco and their way back in there there's very severe shortage there surely there's a shortage of developing the silver market is that correct this is just a massive demand for the silver coins in a comin them fast enough. and all supply of software is not that great it comes out of the ground right it's only been seven hundred million ounces exactly and unlike go when the big differences bet

yes max keiser this is our show today is about the financial system that helps the plunderers profit but first say we have the likes of the kaiser report and this image mad max they killed the market nowhe's going to run them over. of course that's right. that's wrong.

the plunderers profit but first i would say we have the likes of the kaiser report and this image mad max they killed the market nowhe's going to run them over. of course that's right you know . who's run them over.

helps the plunderers profit but first let me say we have the likes of the kaiser report and this image mad max they killed the market now he's going to run them over. of course that's right i don't know we're. throwing them over this is why we do the show because the markets have been set up and neared to help a small group of people that plunder the system. timothy geithner accused of alerting banks to two thousand and seven interest rate cut for second time in the summer of two thousand and seven a storm clouds gathered over the world's financial system then new york federal reserve president timothy geithner allegedly informed the bank of america and other banks about the possibility that the u.s. central bank would lower one of its critical interest rates according to a senior fed official max that senior federal official is jeffrey lacker the head of the richmond fed and he originally raised the allegation during a fed conference call an aug sixteenth two thousand and seven and we were the lead up to august sixteenth two thousand and seven very well of course people were beginning to worry that the whole financial