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tv   [untitled]    May 5, 2011 8:30pm-9:00pm EDT

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date ron paul for two thousand and twelve also you can catch more analysis of the possibility of ground troops in libya which we interviewed a number of guests on today interesting discussion there until tomorrow i'm going lester you can follow me on twitter at warren lester until tomorrow good night. the latest in the sunday instance or. the future of. the.
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rachel martin here broadcasting live from washington d.c. coming up today on the big picture a. little
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. more news today violence is once again flared up. and these are the images crowborough has been seeing from the streets of canada. trying to look for a show to rule the day. led. max kaiser a lot of the kaiser report you know j.p. morgan is so desperate to keep the price of silver down they do frosted some of bin laden threw him into the ocean just it deflect attention from the fact that the silver prices rising up by j.p.
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morgan the stock price that's the key threshold once it gets above j.p. morgan stock price it's hello enron style collapse jamie diamond on the street doing nothing yeah that's the way it all goes in the way the world of global finance where america's animal spirits and lust for they kill kill hate hate of a song has gotten the testosterone levels so high that the sperm banks are overflowing over there oh yeah get those dixie cups thirty ok stacey everywhere yeah for me well max actually mention osama bin laden he should have listened to charlie monger because of course pressure hathaway had their shareholder meeting last weekend longer buy gold if you think your country is going to kill you good idea charlie munger well this is a tacit approval of recognition of the fact that the relationship between gold and total countrywide malfeasance much longer is putting the price on the fact that as the u.s. commits suicide price of gold to go. well also you have to define kill i mean there
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are you could kill somebody physically and dump their body in the ocean or you can still kill them financially and economically and kill their future and that is what one could argue the fed and the treasury are doing that's exactly what they're doing in exactly what gold is going are they're committing euthanasia of america conducted by the old bucket lists also following on bin laden the dollar rallied in silver thank sharply on his reported death here comes the headline however city comes pouring cold water the short lived bin laden bounce. so they're referring to the short sharp rise in the dollar following the death but then they go on max however negative sentiment for the u.s. dollar has accelerated in recent weeks and short u.s. dollar positioning remains high this event serves as
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a reminder that the us dollar is increasingly susceptible to short squeezes but the relatively quick reversal also indicates that some pretty committed us dollar sellers remain in place of course bear markets are punctuated with short swift bear market rallies and bull markets are punctuated with short swift declines like we're seeing in summer so over made it quick ten percent move down now it's own course five hundred the dollar made a quick bounce up a dead cat bounce if you will but it primary trend is down into the gutter it's going to zero a ploy so over is a ploy to put the us dollar where osama is living at the bottom of the ocean after they do frosted him because america wants obama again because they don't want to compete anymore they just want to pull up your old style noncompetitive economy run by psychos exorcise america i just made that up it's a concatenation of schmuck and hieroglyphics just rewind the tape and play that
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again forward and you'll know exactly what i'm so so max let's move into the other world of financial terrorism i as i said the berkshire hathaway meeting was this weekend and we interviewed janet have a koli recently about those who wield these weapons of mass destruction financial destruction and we refer to david sokol who was the heir apparent to warren buffett and then he was outed after insider trading his lawyer said it is alarming that mr buffett would be advice to so completely flip flop and resort to transparent scapegoat isn't mr sokol would have expected to be treated fairly that would have been in berkshire his interest you know i think it's interesting because you know this was the first mainstream global media show. that started talking about warren buffett and the fact that he was overrated and if you took away the fraud the malfeasance the insider trading the market manipulation from his performance he'd be no better than an s. and p. index fund and this is finally coming out of the end of his career it's a shame that he and charlie monger his friend are not going to end their career in
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a more positive note i like to see the video footage of charlie munger just up like the gimp from that movie pulp fiction where comes out of florida leather head to toe suit in a came and then he performs on godly acts of financial carnage in front of the war in the shareholders now that would be a video worth watching so speaking of shady dealings let's move to the next have imax shady dealings helped khadafi build fortune and regime now the thing that's so interesting about this of course we all knew this right where did khadafi get his hundred twenty billion dollars well of course he got it from western corporations and western politicians or western governments but here's the quote. it's referring to all these western corporations who plead innocence that they were so shocked that to be asked to pay all these kickbacks the episode and others like it the official said reflect a libyan culture rife with corruption kickbacks strong arm tactics and political
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patronage since the united states reopened trade with colonel gadhafi his government in two thousand and four as american international oil companies telecom firms and contractors moved into the libyan market they discovered that colonel gadhafi or his loyalists often sought to extract millions of dollars in signing bonuses and consultancy contracts or insisted that the strongman sons get a piece of the action through shotgun partnerships fees inheriting the mantle from osama bin laden you know because american television is so there's so confuse with commercials that they can't have the time to focus on two. bad guys at once they can only have one bad guy at a time this is gadhafi is the bad guy does your they killed off. they throw him in the water after they defrost him and this is now their focus going forward is the new bit more importantly max this the important thing about this what i'm trying to
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bring to your attention here is they're saying that they're shocked that this is such a unique to libyan culture the strong arm tactics these consultancy fees for the those connected to the khadafy regime the fact that the son has to be put on to boards of directors think of the bush family think of the clinton family think of the kennedy family how many of these people are forced onto boards of directors look at the carlyle group who's on their boards of directors do we not have the same situation in our own countries forget about gadhafi and monitors guys are you know dead or are fake i guess i'm confused because i don't really separate gadhafi and the libyan what we know about libya as any different than what we see in america i mean this is part of the same octopus of corrupt wall street and general electric i mean there's a perfect example of a they old they have had their terrorist is now inside the white house whispering into all obama's i mean obama zero all day long so this is just a complete merging of terrorism and the state because you know fascism special
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which is corporations merge with the state this is terrorism merge with the states state sanctioned terrorism these companies claim they were forced to pay signing bonuses and consultancy contracts so let's look at this next act of financial terrorism that we've been watching across the european union banks accused of talking up greek debt fears so this comes from klaus regling the head of europe's rescue fund the european financial stability facility and he told a german newspaper that he believes banks are encouraging talk of a possible greek debt restructuring because they are hoping to earn large fees well first of all terrance quick. host the contra t.v. in greece and gave me this. that's the first thing i want to say about greece the second thing i want to say is well as we've been talking about on the show for months the greek debt situation is a plaything of the c.c. king banks on wall street there is no onerous debt there are only assets and fees
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to rape and pillage and take from the greek people we just came back from athens i played to a standing room only house once again with the hang of bankers who are really people in greece still think that there's a logic behind the financial right for their country they don't understand us just rapists so the quote from klaus ray kling is that he said in the one nine hundred eighty s. and one nine hundred ninety s. banks cashed in very high fees for the restructuring of sovereign debt in latin america and asia they would like to do that again in europe and apparently young country shea according to this article is also on board with this he believes this and he's warning sovereign nations that this is happening that these banks just want a stupid fee and they'll throw entire nations under the bus they've thrown ireland under the bus and thrown portugal they've attacked greece they're attacking all these countries just for stupid little fee and we've reported this over and over and over again five trillion dollars taken from the us economy just for fifty billion dollars in bonuses well the opposite of too big to fail is too small to
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succeed and in the case of greece it's only a three hundred billion dollar economy so it's not even as big as wal-mart one us company it's just the right size to rape and pillage by bankers is too small to succeed so it has to be taken out but you can make you can leverage that through insurance products that you can then you can make trillions on destroying small economy like greece you see this again in the e.u. from this next headline e.u. probes banks over debt insurance abuses europe has launched antitrust probes into giant u.s. and european banks whose fine slicing of the insurance market was blamed by debt ridden euro. states for pushing them into bailouts so the investigation is focusing on credit default swaps c.v.s. says i love the term fine slicing another synonym for fraud and lying you know that's that's that's what ultimately could stop the scandals they run out of
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synonyms. fine slicing the insurance products that's all it was originally designed as a product to insure those who had holdings or investments in these gardens including the nation but of course it became used as a weapon yeah that's right we've known this for quite some time but the regulators are in the pocket of the banks so don't look for them to regulate and the people are underwater on their houses and they can't have be bothered so in a two pronged investigation the european commission said it will examine whether sixteen investment banks and market a r k i t the leading provider of credit default swap market information kulu did or abused a dominant position to control financial information this is an update on global's propaganda model number of you tell a lie big enough people believe it incidentally is financial terrorism landscape with j.p. morgan goldman sachs if you create an index you say then people won't believe it if
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you take all the fraudulent securities and you create an index that tracks the fraudulent securities then the index magically makes the fraud look legitimate this is. the fraud here it's so until you see it so delicious because it's collapsing and driving precious metal prices are but the banks of all the sixteen banks involved in this alleged fraud they're investigating this potential fraud the sixteen banks who all recognize as being the biggest recipients of bailout funds and state aid across the entire world j.p. morgan bank of america barclays b.m.p. pair of us citi group commerce bank credit suisse first boston deutsche bank goldman sachs h.s.b.c. morgan stanley world bank of scotland u.b.s. wells fargo credit agricole and society in general and i know baby i know paul during a. home if you do it's errors or do frost and snow in the ocean all right stacy we're thank so much for being on the cars or report thank you max. don't go away
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much more coming your way stay right there. really you believe this science center. from the realm for. the future covered. and i'll go back to the kaiser report i'm max kaiser time now to go to athens greece and talk with dr care aka's told brass who is suing goldman sachs j.p. morgan and others for their role in the financial assassination of greece dr to
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prosper welcome to the kaiser report i must tell you that. you are selling not only j.p. morgan and goldman sachs but you're suing the entire financial kit and caboodle even the intermediaries that deal with these fraudulent securities the the broker dealers the derivative traders you're going after the whole spectrum of fraud is that not correct this is. all people who are defined as it's large in to fight business principle speculators from the greek government manipulation. suit against people but they are in it to fight his officers monitor said well fairly investment banks in the world the scam of the greek government crisis you can be from the greek government debt crisis that means investment banks case funds . for c.b.s. . naked so so there's still think about government bones and there is including
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there you can help them. with. their submissions going to people calling me you know looking back at past scandals like. nick leeson and the barings bank collapse you know these fees brokers are always used to kind of the same technique by hiding all their specular debts. after the balance sheet in total i suddenly they're discovered in the in this case of course you've got the compliance with the rating agencies moody's and s. and p. you've got money managers involved you've got bankers involved i mean is there a case here for racketeering go after this for for under racketeering law because exactly as you're safe and i was there i cleared in organized crime no plan. would be in kent to the full degree could fall on me in order to speculate on the c.d.'s of the shooter only big government bonds this sounds a lot like the subprime crisis in america where banks like goldman sachs were
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willing to take a loss on the bonds because they made two or three times that amount on their current of quote unquote insurance products is that like that it is exactly what you say it is in the united states in the united states raised in two thousand and pete they should c.d.'s own cd or solutions on. united states mortgage use the same think happens here they should see this on the big government boards who create the same players or the same effect the simulation of the market and there is the same results as for examining nosegays lehman brothers or pull ups after right even here it's happening exactly the same but the greek banks market collapsed because of the c.d.s. the greek government boards yes were familiar now is how the hedge funds and the banks get together and they collude and they engage in market manipulation insider trading to collapse economies to collapse countries and on this front with greece
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you've got john paulson right he was in the country recently with goldman sachs colluding to collapse the economy correct and not produce them to just one year a cut for growth you were here with father fund managers together with the goldman sachs in the with all those international speculators that were fear nothin's there when i spoke with the absurd greek government dead. good. c.d.'s they're managing their trading day and organize greek government headquarters doctor to process my understanding is that the greek constitution says very clearly that in the case of dance out of brod you have to pay those debts it causes hardship on the people that there is now obligation to pay those debts as codified by the greek constitution these are stary measures therefore kampar by definition hardship on the people and by definition constitutional ain't there's no obligation
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to pay these debts so why is the greek government so willing to break the law and look persecution is not speaking exactly but government begs but constitution speaking about public interest left means what their various against greek citizens agree and against greece greek wealth against the greek state oh bipartisan course occlusion all inclusive yes you can you don't cover that up there do it out is not speaking exactly about government debt but the speaking about public interest that means the same right now on your question on why government did differently because governments here in greece for so many years more or less thirty years are slaves or the goods because. they make business alerts or with governments here after night in seventy four so they're doing what they were to them to do all you can always say with the concepts looking at your lawsuit you're not surprised it's
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a criminal lawsuit not a civil lawsuit so you get teased name names correct yes and this is a clear lawsuits that means this is not against corporations it is against physical person who were first managers c.e.o.'s traders that said any word equipping girls in this commune this fine. it's just come back to square old good government crisis so in other words and find made trainer a derivatives h.s.b.c. barclays morgan j.p. morgan connected to the fragile intents that are being applied toward greece my name has even a trader a derivative trader could be in the suit and yes. there will try and call your trades. up procedure you fail or are you sold this suit yes eve you'll know when you will when you say go see this product if you have the knowledge that it is nato not make it to understand or little piece particular circumstances
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created a crime so per se good reason chas was fired he was made to show his own credit who would be the persons who would be inducted exit is possible or not yes and and the way you're going after this right here year applying the way just departments have gone after rackets and the mafia in the past they find a low level thug in the chain and they go after him and get him to squeal and then work their way up the food chain toward the big competent compo like a lloyd blankfein or jamie diamond correct guess that proces to kick their wares. besides we're going to say so and it will be the justice of this crowd that well we're for them a lot of fail immense love for the lot of proof. of everything to proceed to make their names to stop calling people who'll coal and for them going to loot be easy to find a place to view and where this previous who circle well for. the big
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question is ok so you mentioned proof what form does the proof take ok the firm sort of proof very easy to understand for somebody who. has it or at least know that mentoring orders are welcome to my kitchen where what does a criminal look and greece for example. when you turn its. in international market . but i'm dealer for the government balance or the greek state in the same time you cannot say oh c.d.s. against the government balance if you do but i'm game you cannot do also the opposite so this is against the interest of your customers and your pastor but in this moment he's greedy state because you are good well if it's government balanced where you said there is your customer look at this girl the greek state in the same moment you cannot so and your customer bankruptcy to some other person this sounds
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familiar. you know the congress in the united states is calling back to testify in front of congress as a witness lloyd blankfein the c.e.o. of goldman sachs they believe he committed perjury when he first appeared talking about the role of goldman sachs and selling securities ahead of their customers and profiting from double dealing to their customers engaging in the kinds of fragile behavior that you're describing right here they want him to dig down a little deeper into his memory banks to see if he can dredge up some of that some of the more the facts of the case but could lloyd blankfein in fact could you call i'd like to learn as a witness as part of your case it sounds like he's an expert witness and fraudulent double dealing and maybe make an excellent witness but it was exactly the same good that the game that the plane in the usa some years ago very pitting the same gate same game here you know now we have a formula you nor i would do the same game going to united states you know it's one
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thousand paid and now they're doing exactly the same here so. if fain will be called here in greece but not only she moved out but models are still there goldman sachs or other investment banks you've owned this game and this is a decision of the prosecutors not god but susan i think very quick quote when they are well the immense colicchio or at least to circle some simple questions. anytime you're talking about these european bond markets of course germany's name comes up because there is a main focus point on all the bond dealings in europe and of course in germany the biggest bank is going to bank so. is it possible that they also are complicit in the racketeering the financial terrorism the financial sas the nations that you see plaguing your country of greece. look burchett bank of ink here in greece if there is one of the prime dealers sort of the greek government wants markets because like governments are sort of alabam do there's. working in this
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microphone so many years but believe me people are speaking about the losses of the bank will suffer any further greece will default but believe me the first interest in germany to date it is a great difference that's way in the last month you will hear a lot of german words this distinctly government to. appear to fold. the full declaration official the full declaration of course the limits are very important. that euro. getting cheaper gas storage today in your trunk for p. fired one forty eight and two with your crisis chairman's cannot export question the logic i want to quote only if you use it fifty percent exporting g.d.p. it's fifty percent exporting a quantum it for them will be your plan thirty eight it is very very difficult to compete for the world market solely professor put
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a lower price if you were to be competitive against german so sam is a target arsehole for saying danger still could get caught for big call ups it's my scryer round the losses up close a bunch of other german banks will start fair he for the first go really preparing getting the greek market yes so looking at the cast of characters do you see these folks banding together with a blankfein. targeting spain possibly next as a way to talk down the euro to help germany i don't think that. you know or that i make any solutions to the same interest with the germans i think that in this moment. let's say financial world between. europe in this world this financial world has to be first born son is chairman of that is america so they play two different games and the question is that being in this moment but probably going to be a series of at least greek country he's not the only game to your nostromo market
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we are just the game rather plain. to me. my opinion regarding the strong euro it is that is not defending. other factors and could never change in the next short period. of. time a kind of quota meets the sick is a very very huge financial problems and even if european countries will collapse again your guest will be more well known so it's not sort of sold it could never be a sort of ok doctor to ross thanks so much for being on the kaiser report thank you very much mike snyder and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i want to thank my guest dr to bras if you want to send me an e-mail please do so at kaiser report at r t t v are you it's a nice time this is a nice conversation. a little.
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thank. you.

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