mervyn king would go on to share an office with ben bernanke so we have through the top guys through the top central western bankers all coming from the same era of the same philosophy and kind of under the same tool it's to agree well and to your point in an article in bloomberg talking about how easy that swap deal was done in november with mervyn king getting all these guys on the phone making a quick decision here's what he said if we could bring that up he said the november thirty plan could be created in announce quickly because quote we trust each other he told reporters the following day in his role as chairman of the bankers group for some that trust has a common source three of the six banks as you point out bob are led by economists who studied or taught at the massachusetts institute of technology so there is kind of this mit mafia that you think may explain that chumminess but what do you think are the most compelling examples of their desire and very. just kind of openness to work together. sure what i would distinguish is mit the economics department from others especi

after he -- that was mervyn king. >> thank you of so much for that. we'll be back as we get more reaction. thousands of firefighters have been deployed in colorado, where wildfires are threatening the state's second biggest city, colorado springs. one person has been killed. officials say they are making progress. president obama is due to tour the affected areas later today. >> it is one of the worst fires in america in decades. officials here have other names for it. they called it epic and a monster. >> it does not want to give me a good place to figure out the best actions to take. today, with the winds down, we have a shot to dictate what going to happen. >> this wildfire is just that. it refuses to be tamed. firefighters have only contained 10% of it. thanks to the wind, embers have been carried more than half a mile away. it's now four miles of from the state's second biggest city, colorado springs. there are 20,000 homes in its path. aerial photographs show how the fire has burned through neighborhoods, destroying 350 homes so far. such is its

palling then you know everything you have been saying about them frankly is true well as you know mervyn king he is kind of an interesting figure because he unlike ben bernanke is obviously drunk the kool-aid who is has no wavering doubt about his certainty in matters of monetary policy moment kings seems to make some statements there where he is has some doubt about all of this fiddling going on it but does he have any power ultimately or does seem to for up to the i.m.f. because this is or other world organizations other banking this seems like there's a lot of power now with the i.m.f. world bank these other global banking institutions the bank of international settlements to be i.a.'s who are really calling the shots more and more you know here we have burman king seemingly deferring to some greater authority it is that what's going on there are i'm not sure he would or you go through he doesn't i mean he heads our own monetary policy committee which is tasked with ensuring the stability of the pound. particularly yes absolutely anybody will it is inherently bad for the country but i. doe

thought they had a retirement income suitable to live on their interest rate is zero thanks to mervyn king financial repression that's what they call an economic circles it moves income that would have gone to granny over to the pockets of george osborne's toff buddies down on pasta street and various other clubs where there sipping on cranberry martinis you know ogling each other and thinking that all the just completely full of themselves for having pulled off this magic trick of starving granny to enrich the top speculator and then finally max so here they keep it saying print more money to cover up all of jamie diamond's mistake sell off our you know income producing assets to pay off all of jingly diamonds mistakes c f t c chief criticizes swaps bill post j.p. morgan so the nation's top commodities regulator that the united states might day said he was concerned about legislation under consideration in the house that would exempt derivatives transactions made by offshore branches of a u.s. bank from regulation required by the dot frank act the bill introduced by representative scott g

more quantitative easing and a cut in the point five percent interest rate the last move from the mervyn king his bank of england moves five billion pounds from savers to speculators and before that already has sixty five billion pounds from savers to speculators these are people living on a pension these are the older people that thought they had a retirement income suitable to live on their interest rate is zero thanks to mervyn keynes financial repression that's what they call an economic circles it moves income that would have gone to granny over to the pockets of george osborne's toff buddies down on pasta street and various other clubs where there sipping on cranberry martinis you know ogling each other and thinking that oh they're just completely full of themselves for having pulled off this magic trick of starving granny to enrich to talk speculator and then finally max so here they keep it saying print more money to cover up all of jamie diamond's mistake sell off our you know income producing assets to pay off all of jamie diamond mistakes c f t c chief criticizes swaps bill post j.

bottom there are looting at the top which means get a camera and get rid of as bar and get rid of mervyn king it's all that happens expect more looting at the bottom and more on the zombie apocalypse. because reports are that they hear on r.t. as the european financial rollercoaster continues to bring down economies and governments some smaller political parties are getting their moment in the spotlight the pirate party in germany has seen a surge in popularity as people abandon more traditional fits not easy going to spin off assesses their political ambitions. it may seem like a hollowing convention but don't let these outfits for you this is the annual conference of the pirate party of germany only three years ago it had just about one thousand members now there are almost thirty thousand and with deputies in three local parliaments including in berlin paris or hijacking their way into mainstream politics paris have become more beautiful landscape in germany that a lot of parties have to take and you already see that are people reacting to the party success story started in local elections

bottom there were looting at the top which means get rid of cameron get rid of war and get rid of mervyn king it's all that up and expect more looting at the bottom and more than a zombie apocalypse. this is a billion death toll continues to grow in afghanistan with dozens of lives lost the last forty eight hours local officials say eight hundred civilians died at a wedding ceremony nato forces wants to innovate on the needs of the country's east alliance commanders deny the reports claiming they only hit taliban fighters in the same day three suicide bombers targeted a market outside a sprawling nato base in kandahar killing twenty two people investigative journalist porter says activity in afghanistan has become a magnet for civilian deaths. you know this whole problem of. nato military operations warfare strikes it's. a situation has caused enormous opposition from the population particularly in the southern afghanistan. region of the country to increasing where you pose the presence of u.s. neutral forces and if you look at the. chazz of the casualty figures for civilians and you compare

railing at the top which means get ready camera and get what i was born and get rid of mervyn king and all that happened expect more looting at the bottom and more on the zombie apocalypse. the civilian death toll continues to grow in afghanistan dozens of lives lost in the last forty eight hours and cliff fishel say eighteen civilians died a wedding ceremony and nato forces the worst an air raid on the village in the country's east alliance commanders deny the report claiming they and taliban fighters in the same day three suicide bombers targeted a market outside of spawning then to a base in kandahar killing twenty two people if they stick out port-a says nato has activity in afghanistan has become a magnet for civilian deaths. you know this whole problem of u.s. and nato military operations both airstrikes and mate rates is a situation that has caused enormous opposition from the population particularly the occupation of southern afghanistan the. region of the country to increasingly oppose the presence of u.s. and nato forces in fact if you look at the cache of the casualty figure

the bottom give or alluding at the top which means get rid of cameron get rid of born get rid of mervyn king until that happens expect more looting at the bottom. was a european financial rollercoaster keeps bringing not just economies but also governments down to given some political parties a chance to get to the top while the pirate party in germany has seen a surge in popularity as people decide not to put their trust in traditional factions i support this kind office as the are political ambitions. it may seem like a homing convention but don't let these outfits for you this is the annual conference of the pirate party of germany only three years ago it had just about one thousand members now there are almost thirty thousand and with deputies in three local parliaments including in berlin the pirates are fine jacking their way into mainstream politics paris has become a more digital landscape in germany that a lot of parties have to take account of and you already see that are people reacting to the party success story started a new in local elections last september when the surprising

the bottom giver alluding at the top which means get rid of cameron get rid of born get rid of mervyn king it's all that happened expect more looting at the bottom and more on the zombie apocalypse. now russia's a kremlin is a backing iran's drive for peaceful nuclear program insurance came to central asia as regional security summit in beijing spearheaded by russia and china now the events are present in metz with leaders of afghanistan and iran two nations which often divide opinion in the west you know share scruples. china for him is just the place to be because it is probably one of the few places in the world where he is not being threatened by sanctions where he can all feel relaxed and smiling we saw on the cameras as he was walking inside the building how children relaxed he was definitely putting on him had a lot to talk about because russia plays a very important role in mediating the conflict between iran and the west moreover the timing of this particular meeting in beijing is very important as well because in the middle of june we're expecting a five plus one group of negotia

they were looting at the top which means they were the camera and they were to bar and get rid of mervyn king until that happens expect more looting at the bottom and more on a zombie apocalypse. as the european financial rollercoaster continues to bring down economies and governments some smaller political parties are getting their moment in the spotlight the pirate party in germany has seen a surge in popularity as people abandon more traditional outfits you've got this kind of assess his political ambitions. it may seem like a home we convention but don't work these outfits for you this is the annual conference of the poor reporter of germany three years ago it had just about one thousand members there almost thirty thousand and with deputies in the three months including in berlin paris or very jagging there we in to mean stream politics it's become more difficult. in germany that part of parties have to take it and you already see the people reacting the party success story started in action from last september when the surprising one newly named percentage of votes now according to opin

bottom there were looting at the top which means get rid of cameron get rid of osborne get rid of mervyn king until that happens expect more looting at the bottom and more on the zombie apocalypse. thanks so much for being on the kaiser report thank you don't go away much more coming away so stay right there. who. well. technology innovation all the developments around russia. the future are covered. stories is. going global. take your stuff. to. make your statement. the work. you put through. max kaiser welcome back to the kaiser report here is the book that's flying off the shelves ponzi planet planet ponzi no matter how you say it it's all great now we've got the author here mitch fire stein welcome to the kaiser report thanks for having me well i noticed that you brought a hundred trillion dollars do we didn't have to do that we were going to have on the show anyway mitch thanks so much i didn't know perhaps if ben bernanke his picture should be featured on that because i think that's the way the fed may be headed i think that you know the book that i've come out with actually tells the s

all the cash they rolled out of town well the company preparations also include cutting debt well mervyn king here says you need more debt that will save the economy so why are these guys trying to crash the economy by cutting their debt no they hate savers they don't call it a conundrum a savings if everyone save there would be enough debt to spur the retail boom so that guys like richard branson who's a big consumer product guy wouldn't have the ability to go on t.v. and flashes big teeth all that's on well they're also weeding out badly paying customers so remember every single time you hear of another greek person going into some thomas square and blowing his brains out well that's them weeding out badly paying customers yes we've seen this script before i think it's called the final solution yes and they're also readying for a switch to a new greek drama if the country is forced to abandon the euro again this is all propaganda to put fear into these people and say you must vote for the pro bailout party i you must take on more debt while these companies are cutting debt they're saying yo

bottom dollar alluding at the top which means get ready camera and they were to us born get rid of mervyn king until that happens expect more looting at the bottom and more on the zombie apocalypse herbert thanks so much for being on the kaiser report thank you max don't go away much more coming away so stay right there. sigrid laboratory to mccurry was able to build the world's most sophisticated robot which doesn't give a. tunes mission to teach creation why it should care about humans. this is why you should care only on the o.t. don't go home. max kaiser welcome back to the kaiser report here is the book that's flying off the shelves ponzi planet planet ponzi no matter how you say it it's all great that we've got the author here misfires stein welcome to the kaiser report how are you thanks for having me well i noticed that you brought one hundred joins in bob way dollars to we didn't have to do that we were going to have on the show anyway mitch thanks so much i didn't know perhaps if ben bernanke his picture should be featured on that because i think that's the way the fed may be headed

bottom there were alluding at the top which means get rid of cameron get rid of born get rid of mervyn king until that happens expect more looting at the bottom and more on the zombie apocalypse herbert thanks so much for being on the kaiser report thank you max don't go away much more coming why so stay right there. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tarp is a big. world . technology innovation all the developments around russia we've got the future covered. hi i'm max kaiser welcome back to the kaiser report here is the book that's flying off the shelves ponzi planet planet ponzi no matter how you say it it's all great now we've got the author here mitch far stein welcome to the kaiser report. thanks for having me well i noticed that you brought one hundred joins in bob way dollars do we didn't have to do that we were going to have on the show anyway mitch thanks so much i don't know perhaps if ben bernank