kleptocrat in chief and what do the likes of mervyn king and the top one percent that he represents what do they keep saying about those ninety nine. percent that are now complaining they said you are the one that took on this debt you are the one therefore who should be responsible for it well here is mervyn king who is telling you i am forcing you to either take more debt or die yes this is a classic case of scapegoating and we've seen this before during repressive oppressive regimes they steal the money form one group then they say oh those groups are rats those groups deserve to be in a concentration camp after we stole all their money now mervyn king is saying ok we've stolen all your money now we're going to call you rats we're going to put you in concentration camps and then you rise up like in london when the looters quote unquote suddenly spring out of the woodwork we'll just hire more cups never mind the fact that the entire economy is based on looting and if you really want to grow the economy where you have given each one of those leaders a banking license and the job of

the strange thing by mervyn king in his policies of what about just saying the truth baby sitting. mervyn king here is saying just another quarter i promise it's all going to get better and it doesn't take it doesn't get better because there is no alternative but financial terrorism and what is the same thing that you see in the political system people seek a political solution to this banking terrorism and they keep on saying oh just four more years of george bush and then we'll get a democrat in their own mouth it's just four more years of barack obama and it will all get better but it never does and you can see this in the final headlines here max wrong the top ten campaign contributors whose number one sacks number two credit suisse then morgan stanley bank of america and then rounding up the top ten p. morgan right more of the sun and they use every crisis to rewrite the laws to make it easier to commit more financial fraud yes but what i'm saying here by showing this is that barack obama is the front runner for the democrats his number one contributor goldman sachs. romney mi

inflation should fall back sharply early next year bank of england governor sarah mervyn king says so this is a constant extend and pretend monetary policy because i'm going to show you a headline from january of two thousand and ten year early two years ago when inflation first jumped to two point nine percent in the u.k. shock company inflation is a real poser for mervyn king in the article it says the bank reckons the current spike in inflation will be short lived and will fall back below target of two percent later this year suggesting it isn't no rush to put the brakes on just yet but he's alone because his actions are guaranteeing more inflation so it's like saying he just puts people to face and saying that it didn't hurt and that it shouldn't. brother a punch in the face again look i was on b.b.c. five live i think two months ago three months ago i told the presenter point blank that the policies of the u.k. are going to cause this spike in inflation the way that the end of the interview was well thank you for the gloomy assessment so in the u.k. of course if you speak the tru

shock jump and inflation is a real poser for mervyn king in the article it says the bank reckons the current spike in inflation will be short lived and will fall back below target of two percent later this year suggesting it is no rush to put the brakes on just yet but he's long because his actions are guaranteeing more inflation so it's like saying he just punched people in the face and they're saying that it didn't hurt and that it shouldn't. rather a punch in the face again look i was on b.b.c. five live i think two months ago three months ago i told the presenter point blank that the policies of the u.k. are going to cause this spike in inflation and the way that the end of the interview was well thank you for the gloomy assessment so in the u.k. of course if you speak the truth is characterized by the b.b.c. as a gloomy as a downer well the people are being absolutely. up a strange feeling by mervyn king in his policies of what about just saying the truth to be saying. mervyn king here is saying just another quarter i promise it's all going to get better and it doesn't take it d

max kaiser this is the kaiser report mervyn king governor of the bank of england says that we're facing the worst financial crisis in history has he been watching the show he would have known that this has been the case for many many months he also goes on to say that he does watch the kaiser report but he doesn't have enough financial literacy to understand what we're saying on the show we're making step bring in stacy irwin who should be running the bank of england. i would bury it with the first day i was running at he neglected to mention of course why we are in the worst financial catastrophe of all time and that's because of the central bank of england and america and the rest of the world and the top one percent that they represent and you know there is this building or this global insurrection against banker occupation the ninety nine percent against the one percent so here's the one percent responding headline reads chicago board of trade taunts occupy chicago we are the one percent you know the occupy wall street spread to chicago and you see this photo here max this is from t

mervyn king, the head of the bank of england has said we've experienced the worst financial crisis in the history of man. there are these periods of slow, and no growth. added to this, we have of ideology at the government level stood is preventing the government from doing the most it can to alleviate the problem. we're not doing that. as a result, unemployment is up and will stay up. when that happens, poverty goes up. what you see happening is poverty being normalized in some way. you see people who thought of themselves as playing by the rules all the sudden poor. this is not a replication of the depression but it rhymes with depression. that is going to create political change. tavis: i do live in germany or france, what does any of this have to do with me? >> in the short-run, the stock market is going up and down every day because the u.s. market is afraid that if greece defaults on its debt, which sounds like it has nothing to do with you. they do not payback banks money that they owe. those banks then possibly fail. our banks have all kind of interaction with their banks. so

and creates jobs is destroying jobs exactly and that you are saying at the top of the show that mervyn king is saying this is the worst financial catastrophe in the history of the universe and why it's because bankers have mis allocated capital it's that's their single job they're supposed to allocate capital into productive enterprise is right not into fraud in casinos and in scams right and how do they do that they do that by using derivatives to steer the risk of capitalism into the public domain and they keep the reward derivatives in the options volatility formula is kind of like the splitting of the atom you know the split capitalism between risk and reward and created a financial nucular bomb in which they keep all of the reward and all the risk is rotting in the rest of the of the society and he also says it's un-american if you want to look at what is american and what isn't just look at thomas jefferson or john adams what they said about bankers and wall street i mean they make us look tame jefferson famously thought that bankers were the biggest threat to liberty you know but goi

christine lagarde will be present along with timothy geithner, ben bernanke and mervyn king. in the meantime, lyle brainard has been commenting and saying that the european debt crisis represents the most serious risk to the global recovery to date. ahead of today's meeting she's been saying the that consequences of plans to resolve this issue are growing by the day. >>> and a five-point plan was announced to address europe's problems, saying leaders should agree at a council meeting scheduled for october 23th. we go to jim bitterman, live from france. the euro zone debt crisis will be dominating the agenda at this g20 finance minister's meeting. is there any sense that the world's emerging markets may to a certain extent come to help out the euro zone crisis. everybody has something at stake. >> exactly. i think that's probably what there is some expectation of. the fact is here, everybody has an idea what these ministers that are gathering here, these high level officials should be doing. the question is will they do it? when they start meeting a few hours from now. what yo

the bank of england's governor, mervyn king who you can see on the right says the uk could be facings worst ever economic clis sis, even eclipsing the great depression of the 1930s. hits warning came yesterday as that bank decided to pump billions into the economy the in a second round of quaunt theyity easing. >>> take a look at this, look no further than the cost of the country's most expensive street. granted this particular property is up for sale at a cool $15 million euros, about $20 million. six years ago this six-bedroom edwardian house sold for a total of $78 million. i guess perhaps andrew that makes it a bit of a bargain now. i must say we still have some 60 million pound, pairly $80 million houses here in the united kingdom as well, especially in london. they seem to be flying off the shelves like hotcakes. then again, the economic outlook is sourg. >> as you were saying, russian mon any going into london, not so much into ireland. interesting that a lot of people will end up making a lot of money out of this downturn and buying those places like that and will eventually

. >> secretary geithner, the bang of england governor, as you know, mervyn king, as well as some prominent economic economists have said that because el iii -- basel iii capital standards are insufficient to prevent another crisis. do you agree with them, or do you have second thoughts? >> i do not. >> i've thought myself that basel iii to strengthen the capital standards was positive. >> the framework that we call basel iii is a dramatic increase this basic conservativism of the capital regime in the united states and around the world, a substantial increase in capital relative to what was required before the crisis. combine with the the liquidity provisions in place, too, creates better protections. now, just one quick qualification. we have proposed that the largest institutions fold, and this was required by the legislation too, hold an additional layer of capital, and our judgment is the combination of those two things as long as you phase them in, you want to phase them in carefully over time -- >> but not too much time, is it? not 25 years from now. >> no, you don't want to wait too