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tv   [untitled]    November 3, 2011 3:30am-4:00am EDT

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eleven thirty am in moscow the zero r.t. headline leaders of the world's biggest economies meet for a g. twenty summit where center stage is captured by the euro crisis now intensified by the greek decision to hold off bella referendum germany and france say there will be no cash for happens until it decides its course. a rally of thousands in oakland california causes a major seaport shut down as public discontent with the economic inequality quarter fueled by last week's violent dispersal demonstrators are correspondences tensions are grow with riot police clearing streets and starting to arrest the protests.
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moscow says doubts and viktor booths a verdict is a fair one and will pursue his return home to russia this is a us court finds a businessman guilty of arms trafficking after extraditing him from thailand last year. next as promised latest edition of the kaiser report stay with us here on r.t. . this is the kaiser report i know you want to see max and stacey and but we're going to accommodate you with this coming up soon probably in december we'll be in bed not only that but you're not helping me by not following me on twitter and by following stacey herbert instead now he's catching up to me on twitter and the number of followers and that's not right is it it's called the kaiser report all right stacy everybody got for me next make love not that. that's the yobbo are sent in
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this week as you see apparently john lennon and yoko ono were actually watching the kaiser report during their famous bed in in one nine hundred sixty nine and you see you know this is a unique perspective not very many people look at this shot from that time but as you can see they were also saying all we're saying is let the banks fail and kaiser karma at the time nobody thought to look at the full three sixty of that chart exactly to look at some of the posters on the wall like make love not dead now suddenly in the year twenty eleven john and yoko were close and they saw john was a visionary who saw the future he knew it was coming well let's move on to the first headline here max the new world order fiscal austerity sectors in the line of fire this is a report from society in general and they say we are all greeks now max as we're
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all greeks must say that in greek you must feel you know even though you. and i always thought what i was saying was i need another cup of coffee i thought that's what i was saying i don't know you sound like a lady anyway soc gen says that no one can claim to be immune from a greek style spiral why because our economies are richer and we are aging so public expenditure they say will hit forty five percent of g.d.p. by two thousand and fifteen but. max i don't think it's because just because we're aging i think it's because we have too much crime too much banking crime too much debt. well that's this is the underlying kind of realisation that is slowly coming into the consciousness of those who are being victimized by a banking crime you know remember ten years ago it was the anti-globalization
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movement and then they figured out you know what let's let's get more specific here it's actually wall street it's actually the banks we need to attack and then the next step would be to name individual bankers and then to get the pitchfork but soc gen should talk because of course they wouldn't be in existence if greece actually went under because bailing out greece was largely bailing out society in general and bank. well this is an interesting comment on how modern banks work you have the research department then you have the m. and a department mergers and acquisitions then you had management then you have a proprietary trading desk and these parts of this company this bank should all be regulated in some way so that they don't abuse their positions to make money at the cost of the overall integrity of the system and what's now known as the bottom ninety nine percent so the fact that research the problem society in general first of all society in general is technically insolvent they have not enough working
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capital to to meet their monthly expenses but it's all coming from outside forces and through the shadow banking system same thing would be in pete it's technically an insolvent bank doesn't stop the research department from putting out reams and reams and reams of research some of which is good some of it's bad but all of it is in consequential taken in the context of global bank meltdown warble currency meltdown and the rise of gold and silver well you. shadow banking system bailing out soc gen that shadow that's a whole lot like the us federal reserve have to own the us federal reserve balance sheet is now several trillion dollars in size and growing rapidly and what they're trying to do now with the suff which is the european version of what happened in america in two thousand and eight they want to take especially the bundesbank the
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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 the next six months but max we are all greeks now or even. greek 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 in 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 pay this to you and you illegally accepted this pension money and therefore you owe it to. check out the a cemetery here they're abrogating a contract a pension contract and they're confiscating billions of euros at the same time i'm going to starve them out they're saying that when we have to honor our debts to
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sovereign creditors become possible to abrogate a contract that's civilization so they speak out of both sides of both countries but almost to the benefit of the top one percent almost to the detriment of the bottom ninety nine percent the greek people are on the street of course they're fighting back they understand it's the banks now they understand a pop and rose in the pocket of the banks that he's a terrorist as in terrorism as in patriot act style terrorism and he needs to go so there are hedge says very soon greeks will discover that not only are their pension funds about fifty percent underfunded courtesy of the first of many european bailouts but that they will actually have to repay pension proceeds back that's eight billion euros again and it's according to the social security foundation i k a we're very close spyro coos the persians are not underfunded the great banks are overfunded ok drew needs to be showered in a mountain moussaka. he needs to be buried
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a lot of moussaka that i can make him more appealing than he normally well definitely tastier well the other thing i thought of this of course is that you're going to have these your savings disappear for example and i'll say oh we illegally paid you your pension or you illegally collected your pension and it will be up to you to go up against the behemoth of the state to prove that actually you were code this pension that they said you collected illegally and that reminds me in america all of these foreclosures that happened over the past few years where there was no paperwork no titles all sorts of illegal activity for which the banks have paid nothing but us some small fines here's the headline max disgusting fraud closure for mocks their victims out how we party so this was on friday of last week and it was the law firm of steven j. bound who are known as a foreclosure mill and they represent mortgage lenders including citigroup j.p.
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morgan chase bank of america and wells fargo and as you can see from these photos this is their theme of the homelessness of the people homeless due to their foreclosures so in this one image you see these two women who have the sign i lost my home and i was never served so specifically marking the fact that there are crimes all of these banks and these foreclosure for that they are the ones that committed the crime and they're laughing at the people that they thrown out into the street. were all great i think we're all on the train to lincoln now basically it is wall street banks have their way you know what we it's going to happen in europe is probably another. kristallnacht you know this is the night when game on you know when basically it will take it all you're going to get oh you're going to a concentration camp that's what the banks in france and germany are angling for now and let's turn to this other image here from that same. party there's one sign
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that says o.t.s. c. it stands for order to show cause which is a last ditch motion that often made by desperate homeowners about to be evicted from their homes and another sign saying bleep foreclosure on current so again taunting these people taunting the people that people are legally foreclosed on and forced out of their homes based on mortgages from j.p. morgan citigroup and wells fargo that were illegally induced that were fraudulent li induced mortgages all these mortgage bankers and brokers are demonstrating classic signs of the serial killers who they want to be caught you know they're sick and they want to they leave these clues because they realize their society needs to do away with them or i think you're right they're not on the serial killer fronts because that is perhaps something you're seeing because of the lack of justice the fact that the obama administration and their department of justice refused to prosecute these crimes these people become very hubris stick they think
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that they are better than everybody else and they can mock them and then also there are some who genuinely feel guilty and want to be caught so they're leaving all sorts of clues to their crime i mean those women in that photo they're openly admitting to their crime but they sent a family out into the street. put fifteen hundred of these guys in jail during the eighty's is very specific about saying eric holder of the u.s. attorney general is also on the hook for this type of negligence just to highlight max how disgusting this event was i want to turn to new york city homeless facts the homeless population of new york city rose to an all time high in two thousand and eleven a reported one hundred thirteen thousand five hundred fifty two slept in the city's emergency shelters last year including over forty thousand children so forty thousand children these two women are marking and they'll be talking about a final solution soon but i think the better neighborhood. live in is max keiser is
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neighborhood business some more giago art currently somebody is making a film version of the show but let's turn to the european neighborhood jim rogers says new greece still can't save europe so going back to greece we're all greek now jim rogers was very surprised and happy that there's a fifty percent haircut on greek debt but he says it needs to be more because they're bankrupt and need to be one hundred percent so unless that happens europe is doomed well it was a fifty percent great that haircut but a five hundred percent increase in recapitalization of fraudulent loans from the banks so the banks made money and the total of that of this went up not down total propaganda well jim rogers concurs there because he says most european countries are increasing their debt rather than decreasing their debt until that changes the problems are going to continue just as they will in the united states jim agrees with me of course as always yes he wears a tight like you do it easily and so. i got him into gold i'm the one who got jim
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rogers into gold. anyway final neighborhood story here iceland passes final hurdle in the eleven point four billion dollars payout so apparently there are high court in iceland has accepted the emergency law which. essentially allows iceland to shaft the bond holders which include royal bank of scotland b.m.p. perry bought and deutsche of bank and make whole depositors you know what i think we're going to get into this in the second half our way i think oh i think you're talking to bertie to humans dr oh good so we're going to explore this more deeply thanks herbert thanks so much for being on the kaiser report humans now go away much more coming away including brigade to jones don't you're talking about this very icelandic screw up.
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you. are you. going to. illinois. i will go back to the kaiser report i'm max kaiser but i'm gonna go to iceland and speak with ricky to jones don't care if he's a member of parliament in iceland brigade to welcome back to the kaiser report well
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thank you very much from happy to be back brigade the last week the icelandic government and the i.m.f. co-host of the conference iceland's recovery lessons and challenges before we discuss the conference give the audience a brief outline of the collapse in iceland oh wow so in two thousand and eight you know. i don't know if you spend hours your mouth down in the history of humankind. we were the most developed nation according to the un two thousand and seven and two thousand and eight we were under terrorist acts when one of our banks we asked some big name associated to it financed the currents less than alongside their own north korea symbiote when ok all right let me stop you right there some other words. some global authorities recognize that the icelandic bankers were terrorists and they put them on the terrorist watch list are they they have been hunted down as terrorists oh no and they're still our investing unfortunately one
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of them is still on the list of early richest people around the world and unfortunately none of the people responsible for the console scheme in relation to the banks has been persecuted to my understanding go it is very difficult to get these people charts because many of them the people that run the banks think all right the loss so they know how with slew course reels and with grace jones to scale down so i am not sure if the people responsible acts from inside where would be held accountable and this is of course not only a problem and i ask them for all of but it's hard to believe because they were able to get gadhafi saddam hussein and what was the name of the primary terrorist in iceland that people are trying to find and prosecute hopefully hang lots of them again because when you thought you were someone and he is so actually one of the
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prime and that's true sin on you that assumption. that assumption as number one and he was responsible for i said but there are some good news in relation to the use three days ago there was a poor polling finally in relation to hear emergency last week with through in order to. you were fanatical outs would hold cannot they will hold another news that the british and dutch governments would get all the money that would be awesome to our experience. or we go through some else or two ruling em and. if we reach their yearly law yeah that's right david cameron and the government at neverland they are being held hostage by a banking terrorist america injuries and they they made the icelandic people to help them find the extortion money now when i saw this dealing with the i.m.f. how much debt that iceland take from the i.m.f. and what did the i.m.f.
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demand in exchange for their loans well this is all a very interesting story actually according to the finance minister and the central bank manager in iceland we are not to use any of the loan from the owner but we still haven't given them back to them even if we are supposed to be finished in the program the interesting thing is the i am at has now decided to use iceland's. as a promotional kick for them being the new cuddly and soft i am or i have to remind people on their own or conference nurse and last week about their policy in the east and their policy in filming out where they in the us have not changed anything from the previous disasters in asia spoke to still trying to market so the i.m.f. and us if it has changed and i think it's dangerous many economists and so will
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look up the us unpick some people are some cool that you know methods chains now here moaning they have not and even things they have not done us harshly innocent there there is for example one so are either it has not. was not discussed or and that is that there were not or anything else i was told to have for any company like one of these group companies three created that i hope your company in sweden nodded and they were front pan-american soon a quarter from canada and they managed to get a resource that suits in the remaining the ownership of the nation ok let me in there for seconds on other words iceland and not use the i.m.f. but the i.m.f. are still going forward with the asset sales of icelandic of properties
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anyway and they're using iceland as the poster child for their activities in greece i rather spare the me they have the perfect poster child the dark star scott used his father be the financial rapist of the century how come they don't push out those critical of our bend your country yet to let you know the good news that the i.m.f. is there to help you you know we don't seem crisp being in iceland yet but there we have out there and i am back with the managing director speaking not this conference and our panel she is so happy i have had indeed a nice than how it's strengthening the welfare system which is of course look. we have basically we only have rather we go health care and education or since the minute i want to be a person of anything unusual being the crown prince party but we are we haven't accepted this. we we don't even have property stock hospitals and all the
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hospitals now are so they've been slashed so badly that we've been getting notice from all of them the parliamentarian's announcement is basically saying that it can't be any more unless you know we will have health hazards and operate the same you have to cases them and worse you should leave the people that can't. themselves have the most difficult time in that sort of austerity measures so even if we have women are the top of the i.m.f. i don't think it has changed yet and i don't think we're in a chance to be first we all know how well the function of the i.m.f. is and that is not to look after the people but to look after the people who don't have the power so they're not looking after the one percent not the ninety nine percent all right now iceland did stiff the bondholders on the collapse of the banks in iceland something that you're not seeing in ireland or greece where the bondholders are being made whole so that piece of the equation in iceland anyway
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same sort of gone in favor of the the population what are your thoughts on this aspect of the of the whole catastrophe when i think there are some things that can be learnt from iceland but we have to bear in mind personally that special it was not because the icelandic government was so smart but it was so good to let the banks fail if you couldn't get the money to save them and then you know everybody thought that that was me back but rather a few has turned out to be a blessing on 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 more serious more and you know how some of these toxic material and so we're not just numbers but they were mostly for the poor and only some they collapsed on want to stay true to those that would not be the case for
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some will collapse in france so that was a blessing in disguise that we have been used as a house. who are foreign traders and some countries might actually want to consider it to let the banks fail i think in general what the. people are calling. all over the world he's not the banks will become smaller now. and will be separate and more help more accountable and we should indeed use tariffs to the community parents for the people in the communities and then run while their buckles he's now even the city of london oh any any economy anywhere thrives on competition and if you have too big to fail banks that means you don't have competition and the i.m.f. is saying that wait a minute we don't want competition in iceland's banking system we want to put it
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together with our global bailout funds to continue the too big to fail motif that has destroyed his economies that made our staff extraordinarily wealthy and everyone associated with our staff so yes competition needs to have actual multiple entrance into a market competing with each other but let's get back to the conference that you were recently attending because we were reading your tweets from the conference and you tweeted the citi group their chief economist william voter said that there should be a jubilee jubilee every fifty years your thoughts on how that was received and that was a surprise to many in person he said if you. really haven't keep the euros and we hope meet you will be nine or he's been so out he was basically saying that you're not there to clean house then do you have parents come everywhere maybe it's time that we. we start anew and i think what i've been hearing over is that people who
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got trust in the system and asked since the system is sound certainly that's a matter of the person since the wonder since that's so yeah why don't we. it's nonsense gratis and have you believe them everywhere well the gold and silver vigilantes are going to force the issue one way or another the government can put off the inevitable as long as they want at first not stopping gold and silver from continuing to go higher well finally brigade a question from facebook dot com slash carves a report from jesse kersey who asks does brigade to believe that the greek and or portuguese lawmakers call harness to take back their sovereignty or is it too late for them and let me just also add here from what you're saying here today the i.m.f. is so intricately involved in the icelandic banking situation today that it's not
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clear that iceland really has avoided loss of sovereignty yet is it pretty to you have any it's not clear her no you see the banks will mean bill you fast and well and we actually there isn't so much bank secrecy even in. 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
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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 guest we're going to john's dosia you can follow her on twitter at. j you can follow us on facebook dot com slash kaiser report or a twitter slash kaiser report you can also send us an e-mail at kaiser reported r t t v e r u n follow me on twitter instead of stacy herbert i'm max kaiser slash twitter no it's twitter what you'll figure it out it's me that not or it's all next time this is nice guys are signed by all. the
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normal. i'm.
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