has to bail out the banks but the i.m.f. is broke because they're made up of banks and they need a bailout from other series of banks who by the way need a bailout from other series of banks to go roaming around this mobius strip carousel of dead musical chairs and then once the older ones go a little burst or it's gone now they're going to go after big guy you know god please make j.p. morgan go away in this next musical chairs round up we want to get rid of these terrorist blues blue max member hat the top of the show we showed you a poster from j.p. morgan to tell you that they signal to me told her what the game is here's and here's the signal a headline from january twentieth levon earlier this year but we covered it from davos world needs one hundred trillion dollars more credit says world economic form this is where all these guys lloyd blankfein and jamie diamond of the world meet and they say we need one hundred trillion more dollars. chutzpah. let's see about what they're doing to put their plan into action multi-tr

of the bad irish bank . that that ireland is in a depression for ten years the other alternative of iceland iceland so there's so much money we can't possibly pay sue us we're not going to push ourselves into feudalism in order to help you become our no masters we fought off your dollars and so while europe take the icelandic route or the irish route. that the fight now under the miracle is suffering one defeat or two in the new political decisions these days and it looks so far as if the here appearance first of all once to save the banks rather than jobs is the standard of living do you agree the european people probably do not want people in the united states seventy four percent of the motors they don't save the thing but the politicians who are they going to follow the voters or their campaign contributors they they the campaign contributors financial interests make sure that the people who run for president are what in america we call useful idiots people who really believe that the banks have to come f

system or examine the list here for a second central banks the g twenty the world bank all of those entities are effectively on the same side of the table they're all bankers helping bankers there's nobody actually whose interests lie with those are being victimized by these bankers is that true well that's true take a look at greece for example which which none of these people these leaders seems to really done besides for the conversations about bailouts versus austerity measures and whether it's going to default or not default. can the fall because we're going to bail out all these like conversations are going on if you take a look at the actual reports of their conditions from even the last annual report for the national bank of greece for example there is there is a very clear discussion about how their mortgage loans for example have deteriorated their positions in what they purchased in terms of u.s. and dollar denominated talks mortgages and also the ones in the loans that are within their own country so this problem with deteriorating investments and credit within their own

bank and the utility bank or the deposit bank in the relationship the u.k. banking industry is lobbying hard that no ring fencing as they call it they don't want any ring fencing is going to destroy their economy and it sounds like what you're talking about is that there should be a split up of this function in the banking and when there should be a return to some form of banking which is strictly as a utility yeah absolutely that function should banks should merely be deposit banks and intermediaries between borrowers and lending where you really get into trouble is the fact that they can speculate on the market that that only magnifies the problem fractional reserve lending but i mean even splitting up that function is not going to do it because you still have banks creating one hundred percent of the money and that's what the problem is it's not what backs the money that's important it's who controls the quantity and the gold bugs in correctly believe that gold will control the quantity but on top of that even if gold would control the quantity gold certai

run by the banking sector you will. of the most right wing government you will turn your append to a banana republic if you have fiscal unity run like ecuador and like you want to empower the central bank shouldn't be isn't it better to have fiscal unity here's the problem the central bankers are brainwashed with tunnel vision to do what's good for the commercial bankers and if you have a central bank who wants to screw the economy to help the commercial banks then you don't want them to have power you want to take them out in the backyard and very politely say there's nothing personal but we've got to assure you it will be very personal jeffrey with just getting back to matthew's point he actually inadvertently return to my point which is that we have this divergent development you're absolutely right between the south and the north for the most part and the only way that you're going to address that is to figure out how you're going to meaningfully develop. the point that i want to know about these gold is actually ris

that's why the federal reserve was founded but the banking interests in europe crippled the central bank they didn't want to central bank to create credit they say we want governments to come to us and pay us interest and we want to rip off the economy don't have a central bank don't have a public option let us raise your cost of doing business give us the business so of course there should be a central bank unfortunately the way in which you just mentioned the central bank to be perform a function is what it looks like it'll be the central bank is enough to create employment enough to run the government deficit not to help the people but to give more money to the banks to bail them out that is rotten that is the central bank lobbyist and that shouldn't happen and if that's so they create a central bank then good for the europeans for saying to hell with angela merkel. i have to concur with michael on this and i think essentially what we see is continued rent seeking ever since the lisbon agreement and treaty what we've seen is really going back to maastricht is an attempt to liberal

but the banks burning the infrastructure of our banking system of burning our money and destroying our money and also the other thing he points out he alludes to the fact that because the police visited alex shaffer this is proof that he's anti-capitalist and come pointing out that the police visited alex schieffer to discuss this art that was so disturbing and i reminded me of a story that pablo picasso's told about his famous artwork guernica guernica being of course the town in boss country spain which was carpet bombed by the italians and germans at the behest of the fascists in spain a few years later he's in paris and he's visited by the nazi occupying officers and pointing to a poster of guernica the nazi officer said did you do that pablo picasso responded no you did it i don't call blow back is the american banking fascist or he's a collaborator with american banking fascists and his writings are russian but again this this point that public picasso the artist made to the fascist nazis it's not me that is. did what is depicted in my artwork it's you alex shaffer is saying the

take on the banking tyson's. because or this is a kaiser report things are heating up the pressure is building this financial markets about blow so here max kaiser before we get into jamie diamond's tirade we have to look at this poster from singapore this is a j.p. morgan advertisement in singapore we believe humans behavior creates unique investment opportunities many investors make emotionally influenced decisions that can cause market irregularities well that's why we've been talking about that when banks like j.p. morgan create chaos and markets using derivatives people get frightened and they make irrational decisions and prices jump around and who's they're profiting from this j.p. morgan this is a form of price propaganda this is a form of financial terrorism jamie dimon c.e.o. of j.p. morgan by propagating this form of financial terrorism is by definition a financial terrorist ok so he agrees that human behavior can create unique investment opportunities that this chaos can create opportunities so when yo

the other it's the banks in america believe the other banks are just as crooked as they are and if that's the case they are calling back all the credit on. autonomy's falling apart and until under the savings and loan crisis in the 1980's two thousand bankers were sent to jail in america's case only one financial fraud has gone to jail bernie made off and he walked into police headquarters with his hands up and thought i surrender there has been no prosecution of angela nissel of countrywide and the reason is they realize that the bank lobbyists have decriminalized crime the neo liberal say crime is part of the free market it's all how to get ahead and all of a sudden the pension funds and the others and wall street realize we've turned the economy over to crooks and we have to start but in the three year statute of limitations for hundreds of billions of dollars of fraud ran out so the banks are trying to legitimize and say fraud is us it's all legal it's all. for the government is saying look when you have thirteen trillion dollars' worth of bailouts remember they're saying that they ha

is the american banking. or there's a collaborator with american tourists and his ratings are crashing but again this this point that pablo picasso the artist made to the fascist nazis it's not me that is. what is what is depicted in my artwork it's you alex shaper is saying the bankers did this i didn't do it i am just depicting what i see but this is what happens when you have a country that takes was in the bible literally here's a sea of painting which is art which is metaphorical which is representative which is a symbolic gesture and they can't help but take it literally because they simply are low information population that doesn't have the mental faculties to think above that kind of general i.q. level of a gnat. max the bank reference in the painting about bio schaefer is j.p. morgan chase which as we pointed out here on the kaiser report jamie diamond their c.e.o. said he only took twenty five billion dollars from the government as his patriotic duty so one wonders if alex shaffer would now be refer

the u.s. special u.s. banking system real estate. you know the price nutritionist etc that being said i think the u.s. is on an unsustainable path its path is not as unsustainable as that if you open these push up the medium term because of its already vanzant situation and the banks you know europe has backed against the wall and it's about the fall through the wall momentarily the last time i was on the show i was asking for a similar question about if the u.s. dollar would be sustainable it's going to pass and i said nominally on the face of it no but it appears that the triumvirate of economic powers will be us the e.u. and china. kicking the can down the road to see who falls first befalls prose creates capital flight and so the other two which allows those to take the can down the voting for that so we have the u.s. which i've discussed you know in detail view of the e.u. which has its back against the wall and i think is go blow up momentarily and then be able to china and china is an inflationary bubble sitting on a deflationa

the i.m.f. and world bank. corrupt bankers greedy politicians and scapegoats for greece all this in focus reports. welcome to the kaiser report imax kaiser stacy herbert so talk to me we've got something happening up there on the twitter us their stories to her max you're fragger what well according to the b.b.c.'s paul mason on his tweet he says hash tag details people switch off t.v. because too depressing get news from dot dot dot max kaiser and perez hilton also specialist web sites cultural frag there's a cultural thing you know what we enjoy the churches we do some nasty bits good you know we don't take any prisoners i say if i could actually fire you right there in the airport oh mr hurt toure is becoming head and when i get to twenty thousand followers whatever is way twenty thousand followers are going to want to go and cohen let's go back to the street is name is paul mason he's from the b.b.c. and he's saying the greek people don't go to the news they go to max keiser so max kaiser is officially what

what is behind the you government decision to sue the banks from the mistake they want to sue the banks responsible for the current economic situation is it because a bomber wants to demonstrate that he's serving the people not the only guy here on why no there is a law in the united states a three year statute of limitations bank sold hundreds of billions of dollars. worth of fraudulent mortgages to fannie mae and freddie mac. which were the federal government as guaranteed basically the bank of america citi bank j.p. morgan banks you should think of these as gangs that made their money off find it financial fraud and by financial fraud i mean the mortgages that they gave just like an england when they looked at the property the property is only worth twenty two cents on the dollar in other words there was massive fraud no documentation loans fraudulent appraisals it is what my colleague professor bill black at kansas city calls a criminal genic environment with control for audit and finally the financial sector in america the investors realize we can't let crooks write handle our mone

ok time now for the banking big shots take oliver result. has that in his sights. welcome to the kaiser report on stacy herbert hey did you know that slavery is once again completely legal all places max this is our first headline here modern slavery the loss of innocence and there are twenty seven million modern sleeves according to free the slaves and this includes sex slaves child soldiers labor bondage and the interesting thing about this article here max in eighteen fifty the purchase price of a slave in the southern u.s. average the equivalent to forty thousand dollars today according to free the slaves slave cost an average of ninety dollars that's deflation cost of slaves are going down so consequently you've got this huge slave trade bubbling up from the global economic deflationary nightmare it's all part of this global financial crisis well they're saying that you know the cheap cost of oil in transport has reduced the cost of slavery but also that huge demand for cheap goods as jeff and much of the slavery because it's a lot of it is child laborers throu

depositors and the big banks to act in the best interest of the positives but those deposits will be perceived risk and that's a very interesting concept to have at this bank deposit was basically if you feel that banks are being predatory or taking too much of it you're too much risk you simply move your money somewhere else in doing that you will have banks comply and they have to comply because these deposits. very inexpensive very short term funding to do it unwisely because this short term funding can disappear in a heartbeat the overnight so i think it would be a very interesting social economic experiment to have a large group of good causes basically see the possibility for if you want to x. y. z. or basically move to the closets accelerate the collapse which is probably happening . and then go from scratch all right grady mental center i have to cut it up there thanks so much for once again being on the kaiser report thank you for the comeback all right that's going to do it for this edition of the kaiser report with

who looted those banks. so theest way to rob a bank is actually to loot the guise of robbing the bank with your high frequency trading algorithms it's a living arms race and the computer algorithm traders who are using these black box trading mechanisms are scooping out billions and billions and impoverishing millions and the policy makers call making a market but that is clearly not the case they are losing what don't you understand about the word looting is not just gangs on the lawn and stealing from the corner shop if if you were fair you would give them banking licenses and have them around for you but you're not fair you're just condoning one form of looting and condemning a different form of living exactly those guys would do it for just a six pack of bottled water apparently right so the cost of living would fall if you gave all those right leading riders in london access to this one frequency trading that they blew through for a lot less money well the article quotes larry tabb making the jump from microse

and are we i am after jazz in the world as the world bank and i.m.f. meet in washington a global economic crisis possibly looms so can they solve the world's problems or is the i.m.f. part of the problem. good evening it's friday september twenty third seven pm here in washington d.c. i'm lauren lyster and you're watching r.t. . well as a sixty sixth general assembly gathers the united nations clashes have been had between israelis and palestinians in the west bank while in new york palestinian leader mahmoud abbas has handed over his bid for membership for palestine to the united nations now this got a massive applause and a standing ovation from delicate such as egypt when abbas took the podium at the u.n. g.a. today take a listen. meanwhile just outside our new york bureau just a few blocks from that speech from the u.n. our producers could hear the chants of free palestine as the speech wrapped up now the u.s. has said it will veto abbas's move at the u.n. if it goes to the security council and we heard from israeli prime minister benjamin netanyahu