money or the banking the system of banking would become politicized. well yeah that that was the reason in one thousand and thirty five that. the federal reserve was no longer allowed to just walk right over to congress and monetize the budget like they had been doing before that so the argument was that that would make it too easy for congress to spend but what happened was then now the federal reserve has to buy. on on the open market which means they have to buy from these middleman baik so here we are paying a cut to the middle name banks and worse and that the banks don't necessarily use the money for you know it doesn't necessarily get back to the government like it was intended for an example we now have one point six trillion in excess reserves sitting on the books of the banks and most of them are foreign banks because they happened to the other banks at the auction i think this is one of the things that a lot of americans don't realize you know people talk about well you know the fed creates money or money is created is brought into creation

of really becoming becoming the world bank well our key driver is the success for both our clients and our investors it definitely means us becoming international globality is a much bigger and it would be unwise for us to remove it to come immediately. we will possibly come to that later on but the topic all of the. conference is not necessarily about telling the whole of the world housebreak is going to become global now we are embracing the new concept of crowdsourcing and we want to run a number of projects to use crowdsourcing to the postmarks impossible effect and to show the results of his projects all of what the crowdsourcing can produce as possible solutions and directions for russia as the marketplace bank as. a bank it striving to become one of the best in the world doesn't equal global but one of the best in the world. includes international and how to make russian market a very attractive place so the results of that crowdsourcing exercise try to find those directions and solutions are going to be presented to do

the perspectives. you are i know reportedly looking at then these bank of the turkish are dexie it's a pretty large bank in turkey then you want to see it as a potential acquisition targets so what are the conditions for you to start buying like innocent like this which is pretty big. again the size is all in relative terms that we can measure it against our own business it is not that significant. target specifically is an interesting market for us we don't think we have a. particular. focus on a specific target be that the knees or anything at this moment. we. overall answering your broader part of your question we are all think about our international expansion in the context that. it is something that will be fundamentally fundamental to a future in seven ten fifteen years rather than something that is that is very urgent today because strategically for us our top ten priorities are domestic and we've been c.i.s. within c.s. well represented already. so it is rather thinking about the future growth prospects of burbank but we are looking at markets like china india eastern europe and that region bro

minister doesn't have access to who owns the banks that have been resurrected. so there's still no transparency in the icelandic banking system even though you are unmercifully financially raped by a just b. c. barclays lloyds of london lehmann bear goldman j.p. morgan who are gangbanger unmercifully there's still no transparency in iceland incredible isn't it we've been fighting me and a few other people in the parliament we won't be speaking to death errors and i think we have to bear in mind that most politicians or you know people in power are puppets their puppets for the finest. and we just have to face it and it is really time that look beyond the traditional. let's face it i want to mock who sees they are dictatorship many hats because we the people we do not have access to decision making want to make sure that they're doing their jobs in favor of our duty and they need some mighty but only the few right brigade of jones don't care that's all the time we have for thanks for being on the kaiser report thank you so much and that's going to do it for this e

meltdown global currency meltdown and the rise of gold and silver well you. shadow banking system bailing out soc gen that shadow looks a whole lot like the us federal reserve. well the us federal reserve's balance sheet is now several trillion dollars in size and growing rapidly and what they're trying to do now with the f.s.f. which is the european version of what happened in american two thousand and eight they want to take a centrally the boon to spank the german banks and they want to expand their shadow banking system and according to the president of the e.u. they want to expand it to five trillion euros right away and probably take it up to twenty trillion euros in the next six months but max we are all greeks now or even still you know still. greeks set to scream bloody murder as pension fund threatens to recruit eight billion euros in illegally paid out proceeds this is another thing you're going to see going forward and this is something we've talked about a few years ago that we predicted this is they're going to come up with all sorts of oh you illegally paid t

do the russian banking sector and the ruble is losing its value all this trouble russia's biggest bank there's a very bad celebrates its anniversary saying it's going to become a transnational company. how is her going to grow. are struggling to survive we're asking all the banks to. russia's banking burbank terms of how this month through the years has become the largest bank in eastern europe about half of all russian citizens retail deficit are banks brand is worth nearly twelve billion dollars which makes it one of the strongest banking brands in the world instead of a birthday party the company has arranged a conference to figure out its future he's aiming to become a trans national financial institution in the next ten years but it's. the. turmoil and financial system. thanks for having us thank you very much for being with us so first of all think it's the one hundred. burbank is the only bank that survived the socialist revolution of nine hundred seventeen then another revolution that no i didn't you were so so so was so it's been there forever yeah it was created by the. addic

to let the banks fail who just couldn't get the money to save them. and you know everybody thought that that was needed back but actually has turned out to be a lasting settlement for the three banks were actually i love to fail but one of the differences between iceland and many other countries is that many of the people that had money in the banks or serious or in you know on some of these toxic material and so were not as members they were mostly poor. poor and only some don't . want to sleep around jews that would not be the case for some would collapse in france so that was a blessing in disguise that we have been used. so how it's. who or what this and some countries might actually want to consider the plants i think in general what people are calling for now all of it well at least not the banks will become smaller now and then will be separate and more help more accountable and we should indeed use tariffs so the community parents for the people in the communities and then run while their bubbles do the piece when you see your london oh any an

these are the same banks that ruined our economy by speculating and gambling on the housingarket and the more i got these it finally just clicked that the same things we were protesting out in the street the same companies where the same ones were clogging up our mailbox so that's what got me thinking about it all right so you got some men in the hand then now tell us exactly what fool me will protest what did you do or what are you doing now well. what i realized was that inside these credit card mailers and again these are from the same banks the target of much of our ire inside these mailers is a business reply mail envelope the way these work the banks sign contracts with the post office and or make agreements with the post office and the banks only pay postage on the envelopes they get sent back so i thought rather than send back a credit card application which is the last thing i want i could communicate with the banks in this way so i can fold up all the other junk mail i've got that day by school catalogs all the envelopes newspapers put that in i can also put in a p

there were just more extreme case but the entire banking system in europe and in the united states operated like kind of like a fire and it was hosing out who were in the cheap liquidity and then spreading that in the very kind of you know indiscriminate way across the economy in the hope that some loans will pay back and some loans will go up ok that cheap money goes out there to feed speculation in real estate and that real estate is used as collateral to perpetuate more loans and so this is the way the ecosystem if you will of how things got completely out of hand because it became a self-fulfilling prophecy as long as i kept making these cheap loans the asset prices had to go up such time as you had a classic blow off exactly on the blow off was also a precondition by the fact that there was systems regulatory systems and supervisors systems both in europe and in particular in ireland but also in the united states which have diverted the efforts or if you want to pressure which is building up in the system itself by creation of those ar

on wall street doing what they're doing today the money center banks the too big to fail banks if they were being governed by the laws that were in place fifteen years ago they would all be and jail today. however because of all the money they've made stealing buying congressmen buying senators buying the supreme court buying the judicial system buying the political process those laws don't exist anymore are they trying to law here's rule one point two point five what year two thousand and four regulation one point two five which was. relaxed in two thousand and then further relaxed in two thousand and four two thousand and five yeah well this is what is the example of there's a rule in place a law to keep people from stealing like you see a geek in front of winston's jewelry down here on the plaza that's in a paris that gate that former guard the the goal of proof glass is there for a reason because otherwise people would just take all the jewels so there's rules so you're out in two thousand and two thousand and four two thousand and five every single year the banks or the criminals

france minister doesn't have access to who owns the banks and the rest of the old banks so there's still no transparency in the in the icelandic banking system even though you are on risk of flu financially raped by a just b. c. barclays lloyds of london lehmann bair hallman j.p. morgan who are gangbanger unmercifully there's still no transparency in iceland incredible. me and a few other people in the parliament we are speaking to that yes and i think we have to bear in mind that most politicians who are you know he who are in power it's their preference for repentance. and we just have to price and it's really time that we look beyond the traditional because let's face it i want to nazis they are if you pay to see many hats we. have access to decision making what makes you an interviewee their jobs in favor of our needs and the need some money but only that you. get a jones not there that's all the time we have for thanks for being on the kaiser report thank you so much and that's going to do it for this edition of the kaiser report with me max kaiser and stacey herbert i would like my

the. largest banks . more than three billion worth of the government of ireland and this is all to with the government bonds government bonds went up in price the government turned around and immediately started presenting that as the case of stability that it's all this is a work in that there is in this common hand the decline of the bonds in the whole ponzi scheme continues to roll in over both in terms of that if you factor in the government that its claims to be and the banks pretending that they're healthy and the government in return pretending that the banks are healthy because that helps them to pretend that they're themselves healthy isn't this a form of propaganda of course it is a propaganda now people absolutely propaganda with political propaganda with scapegoating ethnic groups or religious groups and propaganda in terms of jingoism and and patriotism but this is a different form of propaganda it's a financial propaganda where if the government and the banks colluding together can create the

minister doesn't have access to who owns the banks. you know so there's still no transparency in the in the icelandic banking system even though you are unmercifully financially raped by h.s.b.c. partly as lloyds of london lehmann bear goldman j.p. morgan you were gangbang unmercifully there's still no transparency in iceland incredible isn't it we try to put me in a few of the problem and we're speaking to the arabs and i think we have in mind most politicians or you know people how are it's their puppets for their kindness. and we just have to face it and it is really time that we look beyond the traditional. let's face it our democracies and they are many hats because we the people you cannot have access to decision making want to make sure that they're doing their jobs in favor of our needs and they need some money but only if you are a brigade of drones not there that's all the time we have for banks for being on the kaiser report thank you so much and that's going to do it for this edition of the kaiser report with me max kaiser a

banking system and then you have the central banks that are basically flushing the entire thing with money to make it continue to move that's what we have so it's not like you can say oh the government's going to let the banks fail because that would be shooting themselves in their own feet and they're not going to do that which is why buffett bets the bank of america won't fail which is why of course i continued to bet that you know these t.v. wasn't going to let various countries in europe default and it's why you see such mass protests in the streets because people it's a way to say we're getting nothing out of this we're getting absolutely nothing out of the continued flushing of money into the banking system yeah but where is it leading you could now you do see possibly greece bailing already european leaders failing to have a deal that will make sure that greece avoid default and you do have like and that global going bankrupt so are the bailouts unsustainable. well the thing is with an animal that is kind of at the lower echelon of something like a bank of

of the bank. you can see police are moving around the bank and talking to one person right there. we'll keep an eye on this. if it flares up will go back to it live. again, you can follow the live stream at apc 7 news.com. there, it looks like a young lady being taken off now. no doubt off to the patty wagon. protests are continuing as are the arrests. carol? >> we're going to check healthy living news now. your blood type can be linked to a risk for stroke. researchers say men and women a-b blood are 26% more likely to suffer a stroke. women with b had a 15% greater risk than those with o. o is the most common type. researchers say the study fits with other research suggesting type b and a-b are tied to greater risk of blood clots. >> women suffering sleep problems have more than triple risks developing fibromyalgia. previous research has shown it increases inflammation and reduces body's ability to manage pain. another study suggests women are more likely to suffer broken heart syndrome when sudd

s of the major banks out there opening the credit card offers in the mail but there is a minute communicationf this which is that banks see that their postage bills run up enough people do this it's going to have some impact on their bottom line and money is how banks communicate through to raise their costs we are communicating with them and letting them know that we know who they are and we are not interested in their offers what you will suggesting there could be interpreted as a breach of u.s. postal regulations are you not encouraging people to actually break the law will. not in any way these again via the agreements of the bank sign is that they will pay the postage on these envelopes you needn't go the whole holiday with this simply sending an empty envelope back is its own form of communication because it does cost the banks a small amount of money in postage so i'm not advocating that anyone put anything dangerous or illegal or insensible when there are some people about a kid oh i put the envelope on a brick or on you know all the spare change in my pocket or on paper clips that's

the banks as well and this is all to with the encourage the banks to accumulate the liabilities of the state on their assets so that. was rising and was unprocessed but it also got compounded by the fact that the schools policed into if you want the books of capital to this if there is no reason at the same time as these guys ok it's sounds to me as if you could buy insurance on a car accidents let's say of say it's a formula one high speed car race and you're buying insurance on a driver but you're dividing up that insurance into the racing around the track approaching the wall getting closer to the wall and then actually crashing into the wall and then pricing each one of these differently and then saying the actual crash into the wall itself or the actual crash happens this in fact we're not even going to count in the overall make trix of risk in of our factories going to ignore that bit and we're going to trade the other bits approaching the crash separately exactly that's exactly what was happening in the context of what we call blocks in the bounds very much extreme events at the

-- by the large banks. in the lead up to the recent bank transfer date, credit unions and community banks work together to let consumers know they had choices other than large banks. another area where credit unions and community banks should agree and work together is in the pursuit of regulatory relief. community banks need to spend more time and resources serving their members and customers and less time complying with regulations. we did not cause the crisis. the regulatory response has imposed a disproportionate burden on small institutions. the community first act would provide regulatory relief to community banks. our analysis of the provisions relevant to credit unions is included in my written testimony. we support several provisions of this bill. i would like to make two point. it would expand the shareholder threshold. we do not oppose this change. the irony is of the bank lobbying for tax preference while lobbying to impose additional taxes on credit unions. they say the credit union tax status i