bring in austerity but his comments didn't sit well with the greek people or our financial pundits max keiser and stacy her. we want to stabilize this situation if we want to adverse default you don't

welcome back to the kaiser report i'm max keiser time now to go to sunny a los angeles and speak with artist alex shaffer who was recently questioned by police for his art work featuring chase manhattan bank j.p. morgan burning down a low aleksei for imax nice to be chewed ice to meet hi stacey. all right let's show the people the artwork show the people oh my god it's too hot for t.v. . yeah it looks fantastic look out at it's hot. yeah i can feel it over here buddy you are burning up the art world you put up on e-bay and it's already attracting dozens of big prices skyrocketing people understand that the wave of today burning banks and you're on the bleeding edge of this movement now tell us what exactly gave you that moment of inspiration to create chase burning you know i kind of led up to it through a series of paintings that i that i started doing of one of them was these sort of fantasy riot scenes because we've been seeing so much of that on television and then there was also a series of just just regular buildings that were on fire well then i combined that the chocolate of m

year before i saw him collapse and warned him against the carry trade now he's warning exactly max keiser you made a film called money geyser and you went to iceland you spoke to us johnson he at the time was the chief research or an economist for count thing bank which has since collapsed he at the time said on several occasions that carry trade is not. problem it is not a problem there is no hot money in this country today he says quote the central bank has stated that it wants to open the door to the carry trade as greed knows no boundaries carry traders will always return as long as the old is favorable that's right they will always return it's moral hazard it's of baked into the cake this guy oscar johnson he sounds like a guy who worked at a meat packing plant who becomes a vegetarian essentially this is what happens when you see what goes on inside these banks you start of vomit and puke because it's just larceny on a wholesale industrial scale well max you interviewed him in april of two thousand and seven and i want to point to another little clip from this film the world we see

coming up so you know he's financial guru max keiser discusses a dramatic shift in the global currency war raging for the kaiser report but before that i'm back with a recap of the top story. like millions of americans i've lost thousands of dollars in retirement funds and i haven't had as bad as many so it's not just about the there it's about needs to. me ma'am brown the young guy at the shop. missing. and the mood. needed. now. since this is my film i get the last word this financial crisis will not be turned off like a light sweet. enough to see him get us out has paid its last respects to the forty three victims a wednesday. as per usual plane crash spokesman told he told a local ice hockey team who perished in that incident had been buried with military on it was. a nation of god at least security fred sinatra legal the tenth anniversary of nine eleven a tonsil some theory that the u.s. war on terror has created more enemies than it's destroyed. plus tel aviv and cairo striking new sound noting relations doesn't agree nobody gyptian capital storm sees radio and the sea forcing it

max keiser this is the kaiser report let's talk about the market schizophrenia that's right and market collateralized schizophrenia obligation bonnes are they in the offing they see her and talk to me talk to me talk to me yes it's austerity measures one day realist measures the next i.m.f. global economy faces a threatening downward spiral this is christine lagarde the new i.m.f. chief and she says europe needs to take its foot off the fiscal great and shift to growth intensive measures and told the danger has passed insisting that germany has leeway to stimulate demand. saying no austerity measures are bad for the west it is well this isn't that the i.m.f. just recommended for grace austerity measures that's correct i'm not sure she includes them in the west well but the prescription that the i.m.f. is offering is get a frantic this is just all for schizophrenia back pawns but photos on some global exchange that's pays off on house gets a front the i.m.f. and b. that's right well it is also the story of this ongoing story between savers versus speculators and as the article points ou

max keiser welcome back to the kaiser report this is the book you've got to get it's called. the first five thousand years all right let's talk to the author david graber welcome to the kaiser report thanks great to be here all right david graber which came first debt or money and how do you define the well if you define money really broadly i suppose in a certain sense it's always been around as one of those things that you know wasn't really invented at all any more than say music or clothing is you know money is just a way of saying twelve of these are worth two of those it's a way of measuring proportional values i guess you could say dead on the other hand is when you take a promise and turn it into money when you take a promise i can be precisely quantified and because it can be turned into money turned into mathematics you can transfer it from one person to another normally if i make a promise to someone else i can't actually you know you can't sell my promise to a third party that's what makes debt so special it's impersonal it's detached from any actual human relatio

course the way to fight this financial war is in that image become printing the story and that's max keiser silver bullets crash j.p. morgan buy silver and with it along with these precious metals that takes a citizen next headline in this financial war this ongoing financial war china knows that the u.s. government and its allies in western europe strive to suppress the price of gold and the u.s. government knows that china knows according to a two thousand and nine cable from the u.s. embassy in beijing to the state department in washington so this was one of these wiki leaks cables that were just recently released and in it the us ambassador is stating that listening to the radio report from the radio which quoted china's national foreign exchange administration they know that the u.s. and europe of always suppress the rising price of gold they intend to weaken gold's function as an international reserve currency china's increased gold reserves will thus act as a model and lead other countries towards reserving more gold large gold reserves are also beneficial in promoting the internatio

max keiser this is a kaiser report you know people talk about zombies stocking the globe in fact one exists and is terrorizing america. next i feel you're talking about dick cheney of course and he says he's a good walking symbol of what happens when one continues to look forward and never looking back when justice is never delivered when criminals are allowed to stock the earth and we see that with the banking sector but he's a good example of what happens with the political and war crime sector so let's turn to a little clip of him in the past few weeks this is him on n.b.c. promoting his book people call it torture you think it should still be a tool to use secret prisons yes wiretapping well because he rode to prove you say it is one of the things you are proud to stand and you would do it again in the hurt eight it was controversial it's charge it was the right thing to do dick cheney is a pox on our soul he has a barrister and shamed americans well max you know he said in a heartbeat he would once again overthrow hevia score prosy would once again tap the phones of americans de

coming up later max keiser and stacy herbert discuss the behavior of banks and the ongoing debt crisis here's a quick look at that. union members and activist groups are demanding harsher punishments against the bankers because according to a report this year by the new economics foundation they said that banks have made sixty billion pounds out of the financial crisis they helped create most of it is due to selling debt to the government it's a bust out scam it's an insurance scam it's arson scam and they get paid out on credit default swaps or other form of insurance so-called insurance and they collect money as mafia terrorist bankers or financial terrorists that's what they are they're terrorists get paid per acts of terrorism and vandalism.

and he's saying the greek people don't go to the news they go to max keiser so max kaiser is officially what jon stewart is to the domestic u.s. audience max kaiser is to the global audience because not because we report on the great aids that have already blown up we report before they blow up poljice and famously went to reykjavik a few years after we went there and warns of the icelandic people that that country would blow up i want to show another flashback here max we're going to flashback whoa oh oh. oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh oh this is max kaiser from two thousand and seven well i think people are starting to realize that the gangs are exposed to understood billions and trillions of dollars worth of bad paper and it's a little bit more than just a liquidity crisis the banks themselves are lending to each other the over nine rate interbank rate is quite right there is a freezing up a seizure in the credit markets these. says through being forced to be mark to market as opposed to mark to model what the phone as i said on your show last night is about

find out what's really happening to the global economy with max keiser no holds barred look at the global financial headlines tune into cars a report on our. in the czech republic he's available in a hotel as central. to the stone. which are. in bosnia and herzegovina. children of each. of. which you know. times. in serbia is available in region see. gadhafi loyalists continue to put up strong resistance and nato have killed hundreds of civilians and. this comes as a former rebels are granted a seat at the un move to post-war reconstruction. saying with the u.n. palestine is preparing to become a full member despite washington promising to veto through the security council has some israeli settlers on the west bank say they're ready to go but claim that they are forced to stay against their will. continues between police and local ethnic serbs angry that pristina has taken control of two border posts blocking serbian forces.

coming your way in a couple of hours max keiser and stacy herbert talk about the behavior of banks in the ongoing debt crisis here's a sneak peek. union members and activist groups are demanding harsher punishments against the bankers because according to a report this year by the new economics foundation they said that banks have made sixty billion pounds out of the financial crisis they helped create most of it is due to selling debt to the government that's a bust out scam it's an insurance scam it's arson scam and they get paid out on credit default swaps or other form of insurance so-called assurance and they collect money as mafia terrorist bankers or financial terrorists that's what they are other terrorists get paid for acts of terrorism and vandalism. mission. critical three. four charges three. three. three stooges three. three broken videos for your media project a free radio gondar t.v. dot com. we'll. bring you the latest in science and technology from around the world. we've got the future of coverage. but for staying with us here on our turning now to israel where mass

find out what's really happening to the global economy with max keiser for a no holds barred look at the global financial headlines tune in to kaiser report on r g. broadcasting live direct from the heart of moscow this is our team that you're with us anger on the streets of israel hundreds of thousands demand social equality and reform in the biggest anti-government rally in the country's history critics say prime minister netanyahu is more concerned with blocking palestinian statehood than addressing concerns of his own people but. russia condemns the vague use it new round of sanctions against syria saying they will be useless in ending unrest in the country brussels has banned of the import of oil from syria to europe cutting off the country's major source of income. ukraine pushes for discounted gas supplies from russia backtracking on the two thousand and nine deal that ended a european gas crisis but president medvedev says the proposals are not concrete and the current deal cannot be revised you know laterally. now it's time for our special report on the anti-war movement in

are also heading for their worst weekly losses since two thousand and eight well financial pundit max keiser host of the show the kaiser report says it's the banks that are to blame for the current financial turmoil. there's very little anyone can do to solve the global debt crisis that hit the wall back in two thousand and eight and it's still on a winding it's not a recession in the classic sense of labor and products and manufacturing that's not the case at all this is a balance sheet recession in other words the banks principally their balance sheets are collapsing and it's causing the overall economy to collapse because over the past ten to fifteen years the real economy is now dominated by the banking industry which controls more than fifty percent of the u.s. u.k. and global economy depending on how you account for their activities so when the banks' balance sheets collapse or they're doing now it collapses the global balance sheet and a continuation of the global depression anyone asking for a bailout is asking let's say the i.m.f. for a bailout and the i.m.f. is bankrupt the world b

the way max keiser and stacy herrera look at how it's the big banks turn to be told they're not credit worthy has reported coming away after the headlines and business stay with us. that's right time to delve into the world of business and three in the u. energy majors have agreed to take a fifty percent stake in russia's salt stream project but not chill counseling will go on to the black sea and then on to italy and it's aimed at meeting europe's growing energy demands usually me will get a twenty cent stake as hall and the french from media will each get fifteen percent which would be genco quotes up with the deputy head of gas from an ask him how significant the deal is. we finalized a comprehensive visit me just i knew i was assaulted in project the below was not over when the polls are going but i've got them inside place though and as a normal way of it is a shallows a project with action plan and it's not simply the prevent us but eliza project is it you time is a field of gas was not the floor to europe via black sea in two thousand and fifteen does this actually mean that the

million dollars more than your profits but they can best and that's not sitting well with financial max keiser. is the training and this three hundred million pound project i mean high frequency trading is alluding. now this is what i don't understand why david cameron in the u.k. he castigates the looters and the rioters but all they're doing is emulating j.p. morgan bankers they're looting this is a high frequency trading looting and they're getting the government they're getting these people who are losing you know sticks of juicy fruit on the street because they're having their money stolen pay for high frequency trading looting of course they're going to be looting of course you. invited this into your own homes because you should poor looters at the banks in the city of loaded because david cameron looting he is in fact a terrorist is no they say that not to be clear but i say that as a point of fact cameroon and all born are terrorists or financial terrorists. and you can catch the cool kaiser port. city. russia's election season just the way you prefer scoundrels already here one me wi

and look at the week's maina financial news from around the world with max keiser and stacy herbert shortly tonight after i've updated the headlines for you right here on our team from moscow. all. of. wealthy british style. that's not time that's right time of the. markets financials from the. find out what's really happening to the global economy with mike's cause or for a no holds barred look at the global financial headlines tune in to cause a report. us. sobre .

want to send me an e-mail please do kaiser report at r t t v dot are you until next time this is max keiser saying by all. the. headlines are telling you russia city of god a slob poll says an emotional goodbye victims of wednesday's plane crash that killed almost all of the local ice hockey team. thousands of people streaming into the stadium where a locomotive jaroslav all played i'm sean thomas in jaroslaw as a city mourns and grieves the loss of their starch. the u.s. prepares to remember september eleventh the day that unleashed the war on terror now feared by some to have been an even bigger threat to the world. and egypt declares a state of alert after a crowd storm the israeli embassy in cairo and reached by the killing of five egyptian border guards last month. just after two pm here in the russian capital and you're watching r.t. the families and fans of russia's local motif ice hockey team gather at the home stadium where the players who died in wednesday's plane crash played their last game russian prime minister vladimir putin also attended to pay his respects to the team our c

however his comments have not gone down well with the greek people or our financial pundits that of max keiser and stacy. if we want to stabilize this situation if we want to default you don't want to avert default the bankers want you to avert default so words are precise in their meaning and their intent to blame who's all the population into to accepting a poison chalice news you have heard that's exactly he's using the word we to the people of greece the easy way acting as if they're their desire should be the same as what the bankers and bondholders want these not to we he's not greedy. it's not on a quarter past the hour here in the russian capital let's check out the world update now here on r.t. yemeni security forces used mortar fire against anti-government protesters in the capital sanaa at least nine sixteen were good but fighting ruptured a cease fire that was agreed upon on tuesday following three days of bloodshed more than eighty people have been killed since sunday when a crackdown on and the regime protests was renewed all this that despite reports the vice president is consid

america when it comes to banking crimes but let me i want over to my twitter account that's my max keiser keep. our twitter account and i asked for questions for you because i told my twitter folks that you would be on the show so from lisa tadeo she asks that will there be prince available all of this painting and other banks on fire paintings i will be able to make prints yes so you know maybe we could do it on one of these websites have a coffee mugs and mouse pads and t. shirts this could be the happy face logo that defines a generation the yeah you never know i mean it's i got to say that this all this media attention is surreal. and i'm just really stoked to be get to. talking about this and also feeling like i've been completely true to my own art you know and everything i love about making art ok i'm looking at another question from my twitter account from mr canning he says to ask alex shaffer did you use oil as a symbol for the us insatiable appetite for oil or pastel paints and you're painting what heres a response alex schaefer well you know the oil in oil paint is actually it

send me an e-mail please do so at kaiser report at r t t v dot are you until next time this is max keiser saying bio . it. russian city of jaroslava pays its last respects to the victims of wednesday's plane crash that killed nearly the entire local ice hockey team these are live pictures you're looking at right now from the moment aerial service. thousand so wait in the rain to get their chance to pay their last respects on sean thomas. and we have all of the details of a city and a nation in mourning. the u.s. prepares to remember september eleventh a day that unleashed the war on terror now feared by some to be an even bigger threat to global security. than a crowd of egyptian storms the israeli embassy in cairo enraged by the killing of five egyptian border guards last month. ten am in moscow i'm at treasure good to have you with us here on r t our top story families and fans of russia's lokomotiv ice hockey team gathered at the home stadium where the players who died in the plane crash played their final game the sports world is mourning after most of the lokomotiv jaroslav team peri

think that's the first step another question from the twitter as fair that was popped up on the max keiser twitter account from c factor to bill still how can people best put through legislation for their own state banks legislate. for washington failed but it's up again in two thousand and twelve what an excellent question because right now today there. the state bank of california a study bill actually made it through both the upper and lower house of the california assembly and now sits on governor jerry brown's desk for signing. i believe but it happened about seven days ago and he has twelve days to sign it so there's only about five days left to get this signed now if that will not implement the state bank it will implement the very first study commission giving some money to study the state bank of north dakota so everybody in california needs to be seizure governor brown's office at this point so yes this can happen in the first step is the draft legislation so that your state legislatures can apply money to study the bank of north dakota model and they're perfectly willing to help

our sturdy cuts but his comments don't sit well with the greek people or our financial pundits max keiser stacey herbert. if we want to stabilize this situation if we want to default you don't want to default the bankers want you to avert default the words are precise in their meaning and their intent to be in who's older population into to accepting a poisoned chalice stays the armor that's what exactly he's using the word we to the people of greece losing weight acting as if they're their desire should be the same as what the bankers and bondholders want he's not a we he's not greek. so now to some other stories making headlines across the globe yemeni security forces have used mortar fire against anti-government protesters in the capital sun are killing at least nine people and wounding sixteen fighting broca's fire agreed tuesday following three days of bloodshed more than eighty people have been killed since sunday when a crackdown on and her regime protests was renewed all of this despite reports the vice president is considering a transfer of power something that's been a key deman

later in the program max keiser and stacy herbert talk about the behavior of banks in the ongoing get crisis here's a sneak peek. calls now punish greedy banks who sparked a credit crunch so this is from the u.k. and people are like union members and activist groups are demanding harsher punishments against the bankers because according to a report this year by the new economics foundation they said that banks have made sixty billion pounds out of the financial crisis they helped create most of it is due to selling debt to the government that's a bust out scam it's an insurance scam it's arson scam and they get paid out on credit default swaps or other form of insurance so-called insurance and they collect money as mafia terrorist bankers or financial terrorists that's what they are the terrorists get paid per acts of terrorism and vandalism. we've got it for. the biggest issues get a human voice face to face with the news makers on the party. room is. this the. same. since. mission free credit take three months for charges free. range month three. three. three. young old free volunte

financial news from around the world with max keiser and stacy herbert shortly tonight after i've updated the headlines for you right here on our team from moscow . the. wealthy british style. restaurant. on. market why not come to. find out what's really happening to the global economy. with mike's cancer for a no holds barred look at the global financial headlines tune into cars a report on r g. s. gadhafi loyalists continue to put up strong resistance and claim nato has killed hundreds of civilians in recent bombing raids this comes as libya's former rebels are granted a seat at the u.n. where talks moved to wards post-war reconstruction. meanwhile there is another bid for recognition with a palestinian president waiting for a u.n. vote on statehood despite a u.s. promise to veto with parents or some israeli west bank settlers say they're ready to leave the area but that their government will let them. and in kosovo the standoff continues between police and ethnic serbs angry that pristina has taken control of two border posts are blocking serbian imports mostly service north of the re

time as the world struggles to avoid got dreaded double dip recession max keiser and stacy the surprising way some students have found to make ends meet in hard times the full program is coming up in child's time here and also. the lap dancers at this one chain in london are college students and the owner of this chain says that these girls are very popular because his clients often don't expect them to be knowledgeable interesting as well as attractive as it they like a lot of ads and talk about interest rate differentials from you know school of economics. that unfortunately at the prostitute themselves because i was born and raised that solution free to pay out of bail out the banks i asked for money down these clubs every night. ok richard got some other international headlines this hour now and i riyadh the palestinian foreign minister says a formal bid for full statehood will be submitted to the u.n. next friday and un will such not pick a should must first be approved by the security council before going to the general assembly or washington said last week that it will use its veto