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tv   [untitled]    October 29, 2011 5:30pm-6:00pm EDT

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sure it's not your police to frosty in the end to wall street protesters confiscating their heating equipment just as this sounds a blizzard hitting the east coast leaving hundreds of complainers out in the cold. a stern warning from the arab league it's calling on syria to stop the bloodshed as dozens of civilian deaths are reported in fresh anti-government crank and leagues syria committees to for another round of crisis talks with about schools. and this is the scene in tel aviv thousands of israelis are back protesting the government spending saying they're not getting enough the military is getting from. this is r.t. . great . you need. to. go.
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i max kaiser this is the kaiser report let's talk about tony blair well market dappy and assorted other psychopaths states herbert. herbert to you max first headline banksy presents new artwork to occupy london movement now of course as with every single banksy art nobody knows whether it's his or not and this controversy already on a banksy forum there suggesting that this could be from the keiser report itself that created this artwork and presented it to occupy london because as you see in this little image keiser warts dot com everybody's taking it as the max kaiser but what's that's asked is that now that we're on three times the way it goes out to two hundred fifty million people around the world everyone kind of looks over
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their shoulder thinking about cars report all day long max and stacey that's all about thinks about because that's all really that matters in this new post occupy wall street world post global insurrection against bank regulation world this is all there is we are here we are talking we're go through all the plain states will all be watching the show tell your kids to go play to the building machines just watch the show well that's the clever thing about this everybody takes this guy's report dot com but if you look at it it's kaiser wart and one of the original meanings of the word war comes from london flying meaning fine splendid jolly or boisterous nobody can accuse you of being too boisterous max oh so it's a triple on tendre well i'll tell you the other two meanings yeah yeah i already saw stuff because of my laser like. well the other option is in new zealand and australia refers to a financial impropriety particularly relating to
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a government program defrauding the government program while defrauding the public has become the de facto modus operandi of all the g. twenty nations as they perpetuate their massive ponzi scheme europe is going to be ok with leveraging european finance all thing that they've created that just means more. or. currency fraud gold and silver to the moon gold and silver to the moon i think great you know talking about banksy one of his clever pieces of art and that was when in response to a fellow to be's auction where his artwork was selling for seventy thousand pounds a pop he created this piece of art called i can't believe you morons buy that. again we have to bleep that word out of course i'm sorry but i thought this would be a great piece of artwork to be passed third across every single prospectus every single collateralized debt obligations or mortgage backed security that goldman sachs and j.p. morgan tried to sell to a pension fund is it has
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a say in bold images right up front i can't believe you morons are buying this toxic waste well in postmodernist are seen the value of art is determined exclusively by art enabled propaganda as you know as the transition from representational art to abstract art to coast abstract to pose that it isn't supposed postmodernism we only have art now that it's value is determined entirely by the ebb and flow of mass hysteria as it relates to thread a schizm as it pertains to something of perceived value post any warhols campbell soup cans where he turned something common a soup can into a fetish object it had to be bought it any price answer banksy who rightly calls on the kaiser report as being completely in tune with the current design of post
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post post information age where our value is determined by the collective unconscious winching and the central bank policies are similarly affected pure propaganda ben bernanke he says he's trying to promote inflation but in fact he's scared to death of deflation it's deflation that could be. bernanke you're in the soup line and we can only hope that his fate is the same as moammar gadhafi remember it's either banksy or it's kaiser report that created that art let's move on to why i think we need to have i can't believe you morons by this toxic waste plastered across even the floor heads maybe of any central banker or too big to fail banker guess who's even more leverage than the european banks this is on zero hedge dot com it comes from phoenix capital research and they're saying that while the world is awash in liquidity no one seems to notice that it's actually in the form of leverage or cheap debt not real capital or equity so this is important to
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know as these g. twenty nations meet in the south of france this week and the u.s. banking system as a whole is leveraged at thirteen to one which means that an eight percent drop in asset values mean they're totally wiped out the european banking system is leveraged twenty six to one which means that a four percent drop in asset values mean they lose all equity but max guess who is the leveraged the most the federal reserve bank of washington d.c. what is the exact number they're leveraged there at fifty three to one right so it has a value collapse of less than two percent means that the entire federal reserve is bankrupt now here's the thing about a safe here but is that if we listen to the propagandists see n.b.c. or c.n.n. in the united states like erin burnett for example she had a video out there castigating some poor occupy wall street protester by saying that the g.m. and bank bailouts are profitable now that's not true because they just took the debt and put on the fed's balance sheet and now when the fed goes bankrupt all you
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need is a less than two percent swing in us of value and the entire dollar is collapses into a pile of horse spenders and their suv of course will still get her salary for telling lies and propaganda everyone it seems b.c. will still get their salary james cramer who's killed more people in the equity markets then even bernie made off will still get his salary and bonus because the. it's all about perception not about actual value speaking of perception and not actual value look how smart the american population is they sense this the hill poll voters say u.s. is in decline or resound and sixty nine percent of respondents said the country is in decline the survey found while fifty seven percent predict today's kids won't live better lives than their parents absolutely true and sooner or later you're going to see this reflected in the stock market so people who are concerned about the value of their net worth should start to make negative bets on the united
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states economy in particular companies that are exposed to the global to sense like i'm thinking maybe coca-cola for example our friend adam curry has got an occupy coke campaign running on top of the campaign we had a few years ago these are the kinds of companies that once the say in the dollar in america collapses that start to go to zero and if you're making negative bets you've got a hedge against collapse in ilesha preserving your own wealth well the theme of this show is i can't believe you morons buy this elite now we're saying here is the only to g twenty guys only to sarkozy isn't berlusconi's and obama's and geithner is in the world meeting down there in the south of france this week by this but they push on us the population itself knows it's a hoax they know it's a joke they know there is no hope in their ponzi scheme economy yeah that's right the awareness is building and on the margins were economically
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speaking all prices covering price action begins that's why we're seeing a fundamental change in other words like barack obama talked about change but his was a top down change all talk no action you know as i say in texas all hat no cattle this is a fundamental grassroots change incremental on them. margins which of course will change the center change the dynamic that's why all these occupy movements are extremely important every new individual that sits down and says no bus stop that enough it triggers gets closer toward a global collapse of the dollar which is the world's prison currency well the other important ingredient in this financial collapse is the price of oil not a myth the skyrocketing cost of new oil supply and this is from the eat a annual energy review and it shows that the capital required to add an additional barrel of oil to reserves experience the step change starting last decade and you
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see from two thousand and three to two thousand and four max straight up what of course happened in two thousand and three the iraqi regime iraq invasion and invasion a war without any intent to pay for it via taxes the first war to be financed by adjust for inflation i.e. stealing from the population but the iraq war has caused rampant inflation and we see this down the cost of getting that barrel of oil out of the ground of processing it yeah absolutely to brant crude prices cetera has moved and it's quoted often and you get the sense of where the oil market is but the people don't understand is the cost of actually pulling barrel of oil out of the ground and what you're talking about here is that the prices skyrocketed because all the inputs that go into getting a barrel of oil out of the ground those prices are skyrocketing due to all the money that was flown in the system to pay for america's genocide of
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a million iraqis for tony blair's retirement fund speaking of tony blair i have in this headline max tony blair's team have set up an office in kazakhstan says presidential adviser so believe it or not any body who calls tony blair in to advise them they usually end up buried at sea or in a unmarked grave in the dead. lo and behold apparently cause our president nursultan nazarbayev has hired tony blair associates to advise him now the article points out that with his vast energy supplies the central asian state is increasingly confident and prepared to spend millions to promote itself tony blair himself says he is not personally making a profit directly or indirectly through tony blair associates or any company on this well i'd be buying puts on all the leadership in this country tony blair just answered because nobody is safe now that tony blair is there they're all in the
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crosshairs if you're if your leadership there you value your life you should leave immediately because tony blair is in the house and tony blair is in the house the big house of the vatican house of course and this brings me to blair's buddy pope benedict that a king calls for essential world bank to be set up pontifical council for justice and peace and a document called towards reforming the international financial and monetary systems in the context of a global public authority yes they're calling for a new global economic authority and a central world bank to be run by the u.n. under which tony blair now in riches himself around the world i mean to think that the pope is coming out and saying the vatican will this be a world bank because everything that's caused millions to die is a centralization of financial authority in too big to fail institutions so here you have the vatican saying let's create an even bigger too big to fail situation to create more murder more cessations more war this guy is completely inconsistent
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with anything that thought sophocles or theologically speaking that he says he represents this is no connection and c.m.t. c.-max here says it should be music to the ears of occupy wall street demonstrators and similar movements around the world who have protested against the economic downturn. first of all we are not protesting against the economic downturn we are protesting fraud against banking fraud occupy batak in occupy vatican it's a global insurrection against pay for occupation we're not saying who cares if the economic downturn this is economic collapse caused by financial fraud unchecked plus the vatican bank is one of the most corrupt banks in the world it's as corrupt as goldman sachs and j.p. morgan it's as corrupt as they just be saying it's a corrupt with every big bank and i think he was concerned about stephen schwarzman and lloyd blankfein getting you know it's a bad game trying to grab goldman sachs and and all these threats right like i said
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he's doing god's work yeah like oh wait a minute i got the big. all right thanks so much for being on the kaiser report thank you max i'll go much more coming away so stay right there. real you believe in science and technology from the right. we've got the future covered. military. families. dynamic.
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nice guys are welcome back to the kaiser report time now to go to atlanta georgia speak with gal for birth gallons of actuary who writes our finite world com and you can also follow her on twitter at twitter dot com forward slash the actuary gail the actuary welcome. today kaiser report ok here all right care all our card to look at pedia an actuary is a business professional who deals with the financial impact of risk and uncertainty so the question is was risk uncertainty in mind and tell us about your latest article on the united states as debt bubble unrest pose for the america and the whole world at this time well i think the debt bubble contributes to g.d.p. growth as it goes up but then as you start reaching limits in wild supply or whatever kind of rather finite resources that we brought into the limits
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in your debt bubble starts the flayed ing ed it acts the reverse direction it causes d.d. g.d.p. to be greece rather than increase i mentioned oil there to what extent has or has oil supported the that puddle in america well i think that while has helped us have economic growth that was especially true prior to nine hundred seventy one it was our own oil supply that we were pumping out on and our growth rate was higher back prior to nine hundred seventy then we started importing more oil using oil from around the world and he or al that we got from elsewhere were sort of but not quite as well as they were we had ourselves and our road growth rate slowed down and after the one nine hundred seventy nine hundred eighty period and
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so we've been any lower. growth rate but the fact that we had while in there helping us keep the growth rate up has helped us to maintain our debt erodes which has resulted in a combined high growth rate right now while certainly the g.d.p. is them bouncing around. twenty or thirty years they had a nice pop there during the reagan years but oil was certainly contingent on the growth of the debt bubble g.d.p. there is a relationship there so now that america occupies iraq libya they've sent troops to uganda with these oil reserves secured by the american empire with this enable this debt bubble perhaps to resume growing and maybe is this the way the us will see its way back to growth where i don't see in the military approach it really has worked very well in the pair's three he had all kinds of military interventions in your bread and even now or oil production in iraq is just barely growing out and
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while exports aren't growing up at all because they don't have the export to cassidy or even think you have increased oil production there is no direct translation of our military efforts to higher or oil production and i suspect we'll have the same situation elsewhere i don't care what you're describing here in terms of a debt bubble collapse is deflation something we saw in the one nine hundred thirty s. after the run up on the stock market and other assets in the one nine hundred twenty s. you had a big pop a big crash then you had a de flay sherry depression and what you're describing here is a deflationary depression of debt implosion and inability of policymakers to restart the inflationary boggle the reserve bank is however trying to. restart inflation by putting as much money into circulation as
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a possibly can over there at the fed is the deflationary debt implosion going to continue at this pace in your view in till we end out in one nine hundred thirty six style depression. worse than we are now or one. any intervening force to counteract that well i think we probably will had heard something that works and i had one hundred thirty style depression on i'm not quite sure exactly how it works out but i think what happens is the the prices of goods that people use on a day to be basis you know good food and clothing are going to continue to rise what's going to happen has it's going to be increasingly difficult to sell an asset that normally and debt. associated with their sale and
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so there's going to be the inflation in home prices or just the inability to sell them in commercial businesses and even stocks and things of this sort are going to be affected more by the time the prices here again commodities that everyone needs right so this is it's a bit of a mixed bag isn't it because although you have you have what's called cost paul inflation with benjy and food at the retail level that people point to and say oh look at inflation that when you compare that against a backdrop of the housing collapse and the bond market collapse the net effect is still deflation isn't it yeah i think there's the rate you are describing but for quite a view the ordinary person who may be making not a whole lot of minimum wage i think they may see it is in play sharing right now
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let's talk about china for a second because one of the primary reason really why you haven't seen inflation in the u.s. despite all the money printing is because of the offset that comes from chinese labor force that has knocked the u.s. worker out of the box and has contributed to this massive wave of the flesh and and china of course socks. up all the cash and they're hoarding it more or less in the got trillions of dollars of the reserves they're not research elating it nonsense they keep that us dollar you when paying in place so china is really i would say the biggest obstacle to the u.s. being able to grow its economy again. how is that going to play out your view gail going forward oh i think there's another aspect to the chinese economy too and that is that at least their internal rose has been propped up with a lot of debt and there are building all kinds of apartment buildings everywhere i
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was just over there in may and song for myself how much building had gone on but there are all kinds of government projects and there's a lot of debt that underlies all of this and so china needs growth to support all of its debt as well but what's happening is that its customer base is slowing down in a good price of its call it is rising the price of well of course their prices rising as well so it's starting to feel some effects so there are some definite issues with china actually being able to keep up the pattern that it's headed in the past and it may stare hitting recessionary impacts and as well are not ok what used what you describe in areas in the past of one country's economy is slowing down another one might pick up and this has gone on for many decades and is
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part of the global scenario economics for quite some time but now if china starts to slow down a meaningful way it we're talking about a global depression so a coast collapse what happens to the dollar and does this affect the currency markets. but anyway like we saw after world war two when they came together and they created the bretton woods agreement having to reconfigure the global currency markets you see anything like that developing yeah i think there's going to be some major upsets in the currency market i think the euro their way out all of the activity we're seeing on there i'm afraid we're going to see is not really a break out of the euro or some of the. countries leaving the euro or the euro just falling apart yeah there you know there's going to race towards the problem everybody wants to have their currency to low and some good parent better able to
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sell exports but the whole situation just doesn't work i think there's going to have to be some sort of like you say reconfiguring but i know it should be able to reach an agreement i know you mentioned a call there and all to go and i want to pick up on that a little bit you know the history of energy usage over the years you know you had whale oil which gave way to coal which gave way to only oil petrochemical oil now is there another energy source in our future that's going to be able to pick up the slack in your view i don't see the areas i think i hope back in the seventy's was that it was going to be nuclear energy but now we've seen so many barriers outs from nuclear that i don't think there's really hope that bats the one that's going to really take us in the future maybe if we had tried story and back forty years ago and got our were wrinkles worked out and used an unsteady radium maybe that
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would have worked but at this point it's really getting too late in the game to find a new energy source to get it growing can you give us a one minute breakdown on story and i just was reading about this recently we had a point going back at the dawn of the neck in the range of choosing. of nucular substances and can you just give us that one minutes. summary of that story well syria is in some sense similar to your anian but it doesn't mean you know all of the the radioactive residue it's a problem after the fact so it would be a much better source from their point of view it also is available in russia larger quantities so it wouldn't be as much about problem for extraction from around the world and also when it's right it doesn't cause all the problems that the uranium right so i'm assuming that the lobbyists for the iranian industry have their way and that's why we have uranium today. but let's wrap it up if you've got
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about a minute left your final thoughts on what happens when the debt bubble or peak debt meets peak oil which is the moment we seem to be at right now these two developed simultaneously over the past thirty years the debt bubble grew as the oil market grew now that we've had peak oil we've also had peak credit or peak debt so what's the go forward from here again i think we end up with a situation that looks a lot like the limits to growth what was forecast back in one nine hundred seventy two in the book was originally written where you have a downward spiral in all areas of the current to me then instrument by limited resources all right well that's all the time we have thanks so much gallant verb heard for being on the kaiser report thank you all right that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i will
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thank my guests yell for berg you can follow her at her website the actuary now if you want to follow me on twitter i'm at twitter dot com forward slash max kaiser stacy herbert you can follow her to using her name or you can also go to facebook dot com slash kaiser report to keep up on all the updates and we ask you for. questions on our show so we rely on you to help us and if you want to send me an e-mail they can do so because the reported r t t v dot are you the next time this is max guys are saying by. the end.
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all. to. move.


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