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tv   [untitled]    October 29, 2011 7:30pm-8:00pm EDT

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broadcasting live direct from the moscow this is largely blood the first let's take a look at profits frozen our childhood by wall street activists face police pressure to move on after they have their meeting and power generation seems to as richard starts early in new york for example of what he's claiming he does could have presented a potential fire hazard but campaigners say it's just another attempt to silence the airports. and activists say at least thirty protesters are killed amid new clashes in syria as the arab league calls on the masses to end the violence and protect civilians have ministers are due to meet syrian officials on sunday in the qatari tribal go and an attempt to resolve the crisis and. cause a special archly report the man responsible for the biggest financial pyramid
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scheme in russian history could cost millions of their life savings is now tempting ukrainian saperstein and over their hard earned cash. thousands of israelis who took to the streets of tel aviv angered by the government's excessive military spending protesters are demanding social justice and call on the authorities to concentrate more on welfare rather than war games. and this is our t.v. report his next. imax guys are this is the kaiser report let's talk about tony blair the pope will mark a daffy and assorted other psychopaths state. herbert to you max is the first headline banksy presents new artwork to occupy london movement now
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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 kaiser report itself that created this art work and presented it to occupy london because as you see in this little image keiser wark dot com everybody's taking it as the max kaiser but what spencer asked is that now that we're on three times the way those other two hundred fifty million people around the world everyone kind of looks over their shoulder thinking about cars report all day long max and stacey that's all anyone thinks about because that's all really that matters in this new post occupy wall street world post global insurrection against banker occupation world this is all there is we are here we are talking we're no longer playing stable dog watch the show so your kids to go play don't have voting machines just watch the show well that's the clever thing about this everybody takes this kaiser report dot com but
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if you look at it it says kaiser warts and one of the original meanings of the word rort comes from london slang meaning fine splendid jolly or boisterous nobody can accuse you of being too boisterous max oh so it's a triple entendre well i'll tell you the other two meanings yeah i read some stuff because of my laser like oh i know well the other option is in new zealand and australia refers to a financial impropriety particularly relating to 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 the european finance all fun thing that they've created that just means more. currency fraud gold and silver to the moon gold and silver to the moon i think you know talking about banksy one of his clever pieces
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of art and that was when in response to a salaries 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 the. 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 prast heard 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 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 you know as the transition from representational art to abstract art to post abstract to post data isn't to post post modernism we only have art now that it's value is determined entirely by the
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ebb and flow of mass hysteria as it relates to fetishism as it pertains to something of perceived value post and he warhols campbell soup cans where he turned something common a soup can into a fetishistic object that had to be bought it any price answer banksy who rightly call on the cars a report as being completely in tune with the current design of coast post post information age where art value is determined by the collective unconscious winching and the central bank policies are similarly affected pure propaganda he says he's trying to promote inflation but in fact he's scared to death of deflation it's deflation that. 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
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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 buy this toxic waste plastered across even the foreheads media of any central banker or too big to fail banker guess who's even more leverage than the european banks this is on zero headshot common occurrence of 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 cheat debt not real capital or equity so this is important to 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 leverage 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.
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what is the exact number there levers if they're 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 safety herbert is that if we listen to the propagandists on c m d 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 need is a less than two percent swing in asset values and the entire dollar collapses into a pile of horse spenders and their shoes 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 madoff 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 at how smart the american population is they sense this the hill
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poll voters say us 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 states economy in particular companies that are exposed to the global descents 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 and america collapses bet stock could go to zero and if you're making negative bets you've got a hedge against collapse and leisure preserving your own wealth well the theme of
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this show is i can't believe you morons buy this bleep now we're saying here that only the g. twenty guys only the circle isn't berlusconi's and obama's and geitner is of the world meeting down there in the south of france this week by this 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 speaking or price discovery and 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 the my. margins which of course will could change the center change the dynamic that's why all these occupy movements
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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 while supply and this is from the. annual energy review and it shows that the capital required to add an additional barrel of oil to reserves experienced a step change starting last decade and you see from two thousand and three to two thousand and four max straight up what of course happened in two thousand and three the i reckon beijing iraq invasion and invasion a war without any intent to pay for it via taxes as the first war to be financed by adjust for inflation i.e. stealing from the population the iraq war has caused rampant inflation and we see
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this down the cost of getting that barrel of oil out of the ground and processing it the absolute absolute price of brant crude prices cetera has moved in it's 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 flooded in the system to pay for america's genocide of 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 that president nursultan nazarbayev has hired tony blair associates to advise him
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now the article points out that with his vast energy supplies essential 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 buy and put on all the leadership in this country but tony blair just entered because nobody is safe another tony blair is there they're all in the crosshairs if you 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 body pope benedict that a king calls for essential world bank to be set out 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 the calling for
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a new global economic authority and essential world bank to be run by the un 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 sass nations more war this guy is completely inconsistent with anything that philosophically or theologically speaking that he says he represents this is no connection and c.m.t. c.-max here says it should be news 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're protesting fraud against banking fraud occupy vatican occupy vatican
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is the global insurrection against baker 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 the allman sachs and j.p. morgan it's a screw up is a just b. c. it's a corrupt as any big bank but i think he he was concerned about stephen schwarzman and lloyd blankfein getting you know this guy game trying to grab goldman sachs and and all these press right lloyd like i said he's doing god's work yeah well it's like oh wait a minute i got the big. number thanks so much for being on the kaiser report thank you didn't go away much more coming away so stay right there.
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i'm nice guys or welcome back to the kaiser report time now to go to atlanta georgia speak with gal for burg gallons of actuary who writes at our finite world dot com and you can also follow her on twitter at twitter dot com forward slash gal the actuary get all the actuary welcome to the kaiser report ok thank you all right well according to wikipedia an actuary is quote business professional who deals with the financial impact of risk and uncertainty so the question is with risk uncertainty in mind and tell us about your latest article. the united states as debt bubble and risk pose for the america and the whole world at this time well
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i think probably 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 grow into limits and then your debt bubble starts the flailing and it acts the reverse direction it causes d.d. g.d.p. to decrease rather than increase i mentioned oil there to what extent is a has oil supported the debt bubble in america well i think. helped us have economic growth that was especially true prior to nine hundred seventy right it was our own supply that we were pumping out on in our growth rate was higher back in one nine hundred seventy b. then we started importing more oil using oil from around the world the while that we got from elsewhere we're sorta but not quite as well as there
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were we had ourselves and our growth growth rate slowed down and after you know one nine hundred seventy nine hundred eighty period answer we had any lower she'd growth rate but the fact that we had our oil here helping us keep the growth rate up and helped us to maintain our debt growth which has resulted in a combined high growth rate right now at all certainly the g.d.p. has been bouncing around over the past twenty or thirty years and a nice cop 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 sent troops to uganda who. these oil reserves secured by the american empire will this enable this debt bubble perhaps to resume growing and maybe is this the way the u.s.
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will see its way back to growth where i do and see in the urban what terry gross surely has worked very well in the paris three yet all kinds of military interventions in your prayers and even our oil production in iraq is just barely growing up and while exports are growing up at all because they don't have the export impassively or even if they do have increased oil production there is no direct translation of our military efforts to hire or oil production and i suspect we'll have the same situation elsewhere i 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
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to restart the inflationary all the reserve bank is however trying to. restart inflation by putting as much money into circulation as a possibly can over there of the fed is the deflationary debt implosion going to continue at this pace in your view. so we end up out in one nine hundred thirty six style depression worse than we are now or will there be any intervening force to counteract that well i think we were all here to word something that looks for nine hundred thirty style impression on our i'm not crazy sure exactly how it works out but i think what happens is. the prices of goods that people use on a day to day basis you know good food and clothing are going to continue to
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rise well it's going to happen his it's going to be increasingly difficult to sell assets that normally and yet. associated with your sale and so there's going to be inflation in home prices or just inability to sell them in commercial businesses or even stocks and things of this sort are are going to be affected more by the time the prices are 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 pull inflation with better g. and food at the retail level that people point to and say oh look at inflation when you compare that against the backdrop of the housing collapse and the bond market collapse the net effect is still deflation isn't it yeah i think the best rate you
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would describe it but from the point of view of the ordinary person who maybe is making not a whole lot about minimum wage i think they may see it is important sharing right now let's talk about china first cycle because one of the primary reason really to 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 deflation and china of course sucks up all the cash and they're hoarding it more or less and got trillions of dollars of their reserves they're not research elating it not sense they keep the u.s. dollar you went paid in place so china is really i would say the biggest obstacle to the heel. yes but being able to grow its economy again. how is that going to play out in your view gail going forward but i think there's another aspect to the
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chinese economy too and areas that at least their internal rose has been propped up with a lot of debt of their own building all kinds of apartment buildings everywhere i was just over there in may and song for myself how much billing her grana but there are kinds of government projects and there's a lot of debt that underlies all this and so china needs rowse to support all of its stead as well but what's happening is that its customer base is slowing down in the price of its call it's buying it is rising the price of well of course the good prices rising as well so it's starting to feel some effects so there are some definite issues was china actually being able to keep up the
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pattern that it's head in the past and it may spare hearing for a recessionary impacts as well and not to your ok well 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 part of the global scenario economics for quite some time but now if shining stars to slow down in a meaningful way we're talking about a global depression so post collapse what happens to the dollar and does this affect the currency markets in any way 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 very decent major upsets in the currency market i think then the euro their way. they are all of the activity receding over there i'm afraid we're going to see is not really a break up of the euro or some of the. countries leaving the euro or the euro just
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falling apart yeah there you know there's kind of a race towards the bottom everybody wants to have their currency people go and some grandparent better able to sell exports but the whole situation just as a work i think there's going to have to be some sort of like you say a reconfiguring but i know i should be able to reach an agreement i know you mentioned the coal there a moment ago and i want to pick up on 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 can wait if only all 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 that there is i think the hope back in the seventy's was that it was going to be nuclear energy but now we've seen so many bad results from nuclear that i don't think there is really hope that bats the one that's going
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to really take us to the future maybe a three inch right there i am back forty years ago and god already wrinkles were down in use than steady radium maybe that were to pour but at this point it's really getting to late in the game to find a new energy source and get it going can you give us a one minute breakdown on thore and i just was reading about this recently we had a point going back at the dawn of the nick in the range of choosing. nucular substances and can you just give us that one minute summary of that story well three m. is in some sense similar to your a.t.m. but it doesn't leave you with all of the radioactive residue it's a problem after the fact so it would be a much better source from their point of view or. there also is a billboard much larger quantities so it wouldn't be this much about problem for
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extraction from around the world and also when it's right it doesn't cause all the problems the uranium gets 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 of you've got 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 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 when the book was originally written or where you are downward spiral in all areas of the current any instrument by limited resources all right well
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that's all the time we have thanks so much gallant verd 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 and we thank my guests yeah you can follow her at her website galley 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 it was send me an e-mail you can do so at kaiser reported r t t v dot ru the next time there's a match guys are saying. in a little. an
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