tv [untitled] December 6, 2012 5:30pm-6:00pm EST
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market why not. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines in two cars a report on. max kaiser welcome to the kaiser report people of the united kingdom listen to me that's in your future and your future is scum villages and while babies at the newspaper say will look like this. yes i'm a i have the eyes of a cold hearted lizard but so does your future eating the mud pies of austerity and
let's not be coy i think the best name for this baby will be snooki. stating. yes max well of course it's a big budget day in the united kingdom and it's of course celebrating everywhere you look you cannot escape every single paper. and will and kate it's never ending but with this austerity budget and with the celebration all the newspapers are talking about like the baby is going to cost two million dollars a year the first year for clothes just for clothes and yet any of the mothers in england are being told or of the united kingdom are being told we're going to slash your benefits we're going to make sure you're not you know feeding your children too much no no no and i thought looking over amsterdam is a good future look at what we're going to see here amsterdam to create scum villages absolute numbers to create scum villages where nuisance neighbors and
anti-social tenants will be exiled from the city and re housed in caravans or containers with minimal services under constant police supervision. well a couple points or first of all. it's austerity for the baby stuckey the royal baby as well they're not going to be born of the silver spoon in his mouth is going to be a silver plated so sturdy first baby as well and the containers on it or is in amsterdam going to stack them up basically like those animal farms industrial farming the chicken farming or the you've got the showers that come down on the story below it that's what that's what's coming after them that's coming around the world the austerity condo hours from old containers of course to recycle it's going to be a great initiative it'll be a tory green initiative so they're being exiled from the city george osborne has already started that process here where the poor who have to live in council housing are being exiled from london because they're saying there's
a cap on housing benefit so they're there being exiled from london in san francisco we're seeing people put into. containers as well there are two hundred twenty square feet apartments i've been given approval these are little containers so of course we have to go to the artist taxi driver to find out what he thinks about this austerity budget from george osborne george should be arrested he should be arrested for misappropriation of public. seat on. this. program sixty five thousand pounds per job. well it's going now not going down and they keep cutting benefits because. public money. sixty grand son for no in some private pokies while the people who profit from the us i'm
playing sax. and put in a point of profits into offshore accounts it's no recession it's a robbery the chance. he's sending the cops some one. cannot. even be found we're going to cry even no no i haven't been able sucky. sucky no lie so people end up. the hardest of them to save those single moms do you know julie don't pay says george osborne i wouldn't go near that taxi. well ok so because of course we're having the austerity budget here and nowhere is mentioned of course what the bankers are doing and why and we're suffering austerity we're living in containers they were being exiled from the cities for the bankers loss of income caused by banks as bad as world war says bank of england's anju haldane and he is the bank's executive
director for financial stability max and he said quote in terms of the loss of incomes and outputs. this is as bad as a world war it would be astonishing if people weren't asking big questions about where finance has gone wrong well and paul moore who is on this show former regulator days boss top regulator he made the exact same question any said that it's like a world war that there are one hundred million people they've been thrust back into poverty as a result of this you know maybe baby stuckey will be thrust back into poverty at some point i'll have to sell as silver plated spoon that he was born in the mouth with but you know the devastation is only going to continue because the zombie banks here are being allowed to stalk. stocks the economy no wonder no one's got the silver spike to put the zombie banks out of out of our misery well the fact is maybe snooki is going to be fine it's going to be
the scum villages into which all the people are pushed because the bankers are building their own palaces their next door neighbors with baby snooki now he goes on to say and the whole then goes on to say if we are fortunate the cost of the crisis will be paid for by our children more likely it will still be being paid for by our grandchildren there is every reason why the general public ought to be deeply upset by what has happened and angry you see he's saying you're not only are your children but your grandchildren are going to be born in scum villages but this one thing getting you through your day is going to be kate's baby this is going to make you so happy and you know the fact is he saying it's as bad as world war two and it was during world war two that people were put in containers to go live nuisance people that people didn't like certain elites didn't like right well scapegoating it is part of any austerity package it would include scapegoating air
instead of scapegoating along ethnic or religious lines or just going to be scapegoating the poor and just say you're poor so we're going to put you in a scum village and we're going to cut off your services and whatever then would be george osborne's final solution we can only wait and see now again part of this austerity package this austerity budget being passed is again because of the bankers as andy haldane says they caused this crisis they lost more wealth today for us than during world war two former boss chairman admits bank was guilty of a lot of mistaken lending lord stevenson the former chairman of boss has admitted that the bank was guilty of quote a lot of mistaken len. being in the run up to its near collapse in two thousand and eight stephenson admitted on to say that some of his bosses lending was just in comp intented wasn't there was nothing illegal about it well. it's almost
correct but he's saying he just needs to revise a statement or replace the word mistaken for fraudulent and or a legal that would also suffice what was done was illegal and fraudulent and oh lord puss you know he'll be half naked getting spanked at the club later on you know this week toning for his sins as most of the serb snooty persons atone for the sins they commit against the people oh spank my bottom was where the tassel full of so sure you understand then i. can fry well lord lawson accused him of being delusional to think that it was all just accidental and incompetence lord stevenson responded quote i deeply regret the mistakes made in the corporate london book and with the wisdom of hindsight i wish we could have done things to obviate them so with the wisdom of hindsight right
here on the kaiser report we're going to look back in time oh to october two thousand and three at b.b.c. dot co dot u.k. mortgage customers urged to law house buyers are being encouraged to break the law in order to obtain huge mortgages the b.b.c.'s discovered brokers and even banking staff have been telling buyers to lie about their incomes to get bigger and bigger loans as they point out this is that a division of boss that they were looking at two thousand and three act over two thousand and three and they said that the brokers themselves were telling the customer to lie on their application and then the b.b.c. money program said what shockingly what the ordinary human being out there of the sort that's going to be thrown into a container and. scum village doesn't realize is that they are breaking the law and they will do prison the guy encouraging you to do that the guy who's going to get a huge bonus for you doing this he will face the penalty right the guys who are
testifying now saying that they are incompetent or they overlooked something and i say no they're breaking the law on their acted fraudulently and because there's a headline in two thousand and three i know that they broke the law and i can say that. with with with one hundred percent guarantee of truth because we covered in two thousand and three they broke the law they committed massive fraud and now they're further penalty for their crime they are talking about well i wished we would obviate the situation i want to take you know princesses. as a role model instead of obviate obviously. obviously your way out of trouble if you could if you could give birth to a baby snooki you crime ridden poxy little moron twerp banking scum you could be on the front page flashing your bad for the nation. i can't massive. interest as i did but i might if i can i'm very.
yeah you'd be celebrated too bloody well the amusing thing is to look back at this article from two thousand and three in the b.b.c. and there they say quote and these underhand tactics could also be the reason why house prices have gone on radio jocks you know let's let's why we parsing words it's called breaking the law this is exactly how the concentration camps happened in nazi germany what the jews ok they were told lies and propaganda like this jumped in there of being exterminated what the same thing is going to happen if the people because they are going to go for begging bogus that's right don't upset baby snooki he's trying to sleep. well so they say that this is why house prices are going on suppressed so long and they speak to at a less who say well the house prices are way overpriced at this point in this in two thousand and three we've had another ten years of extreme bubble so to think
about how much fraud was necessary how much incompetence was necessary to keep this bubble going for so long but let's not all bad i understand the prices likely skyrocketing that's a good way to make money in the city of london make a market and cyclonic be i'm sure they will over there i kept for the new cap or so capital with a call that that was a slush fund all right stacy herbert thanks so much for being the kaiser report thank you. for the second half of the talking to you can.
milked drop and if i think that in this country gold medal logie as an environmental cost which is unacceptable to local business was labelled illegal and controlled by criminals you know in order to protect our lives our families and to work in peace. most book almost but we are forced to pay protection to illegal groups water prices colombia going to pay for. the modest effect on r.t. .
welcome back to the report i'm max keyser time now to go to jim street of u.k. on cut one of the most successful protest groups of all time jim street welcome to the kaiser report thanks for having me max all right jim street almost entirely because of u.k. uncut everywhere you look these days in the u.k. you find and lines like this one footballs tax shame of all this up to the camera and an starbucks agreeing to pay more taxes also in the news this is the become a very successful in widening campaign how did it start what what what what does it solve it going to so you can call started at the end of twenty ten when a group of friends and campaign as he had been involved in previous kind of protest movements were really like angry and frustrated with the coalition government's
plan to cut public spending their unprecedented plans to such deep cuts the public spending which we needed was like a recipe for disaster so we were like how can we really cut to the core of the argument what's the thing that will really show the public that their lies about the need for austerity well just that they were lies and so we came across information that had been out there for a while i mean you can cause building on by groups like tax justice network connection aids research that has talked about tax havens and tax abuse for decades in the u.k. but we decided to add a different different tactic to the protest movement rather than just going on marches we'd. action thins and occupations and using creativity and fun really what south fast action in october twenty ten was a say in. science flagship store not to street because very depriving the telecommunications giant was found to have avoided with the six billion pounds in
tax so that's why i started all right so i know going back a few years we covered the philip green over there at our kiddie a group with his top shop he paid his wife a billion pound dividend in morocco again beat on monaco excuse me avoiding huge tax liability and a lot of people talked about it but nothing came of it but then what you're saying is that wants these austerity measures came then folks like you can't put two to two together and figured out wait a minute wait of austerity doesn't make sense because you've got huge amount of revenues that you could collect if companies were compliance with their tax obligations now of course what do you make of the fact that in many instances the companies will say well technically we are paying our tags the use the dutch sandwich they use the you know all kinds of loopholes except her up this is their defense but. in response companies in the u.k.
themselves are now piggybacking what you're doing and saying we can't compete if you if these other companies are not paying tax you have all big coalition now both with activists and corporations correct wow. sort of i mean the problem there is that it's so nice and types of businesses which are really supporting or kind of waking up to this problem like i would say that the the the corporate tax abuse of massive huge multinational corporations and i think the multinational element is pretty important here that i really like playing gaming playing the game that they're kind of abusing the system they're pursuing aggressive tax policies to minimize that tax to the lowest possible level because i don't have the loyalty really to the u.k. the u.k. public but the people who are going up to the businesses that maybe those businesses who you know are more aware and more conscious of being in touch of the public be in touch with their consumers and especially like small and medium
enterprises who really are going to lose out if your starbucks you amazon's your googles kind of reduce the tax base because unlike can therefore make more money because it's not a level playing field it's not fair we're not all in this together and i think that's what really caused the core of the rhetoric of the government the government say we're all in this together they say there's a big society but when you look at it there's one rule for the average man in the man or woman in the street there's a totally different system for those people who have billions and billions of pounds like philip green and likely other big corporations well let's talk about starbucks for a second because starbucks again it was the target of a campaign five or six years ago by reverend billy was in london with a major campaign it didn't really gain much traction but now u.k. uncut as got starbucks coughing up some more taxes and in fact. they just two weeks ago were saying that well we're not going to pay more taxes but you tell you don't get is applying some pressure and now they are going to be
paying taxes and there's a big campaign coming up december eighth right another after another big part of this campaign talk about the starbucks campaign and what's what's happening coming up in early december sure so when we found out it was. see a reuters report that kind of exposed starbucks practices when we heard about that we thought. this is an opportunity for us and it was our around that time there also speaking to women's groups who are being affected by the cuts because as the institute for fiscal studies argues the groups they are most going to be affected their lives damaged by the cuts are those least able to pay at least able to cope with them which is women especially young women single single moms with with kids they're going to be most impacted by the cuts so we've been working with women's rights organizations to develop this this campaign also as they were by will be staging sit ins around the country at starbucks in their stores to transform them
into services women services primary services which women primarily benefit from that are going to be suffering from the government's cuts so in love and such london for example will be transforming starbucks to flagship stores into women's refuge and the other one into a crash because of a c. child care support and well this is a being cut and that's the kind of language or and we say no if the government like you say raise the appropriate amount of tax a fair level of tax then we wouldn't need to have these cuts right now or parliament's public accounts committee will soon release a report blasting the tax avoidance schemes used by u.s. multinationals again another u.k. cut success untaught success story you expect do you expect google amazon other u.s. multinationals to follow suit or even to broaden this campaign yeah i think the issue here is clearly we're glad that we're going movement we're getting traction and there's signs that people are starting to wake up to the problem even those people
like osborne and alexander who before bury their heads in the sand but the question here is not this is important you know starbucks google and amazon. enter negotiations but it's not up to them to change the law they. you know be covering up massively more but the government should be taken strong action to stop it in the future and have new legislation have new laws to say right this is tax avoidance if it looks like tax avoidance and it smells like tax avoidance is tax avoidance we can have a broad principle that rules out because otherwise what the companies one they want this thing called a regulation which is just another way where they can hire expensive accountants to get around the law and then siphon the money off the head or indeed there in here and there we don't want that we need just have a one very simple rule that says tax avoidance no way no in this country and yeah i'd also like come down on tax havens as well internationally that's really important so we don't have a race to the bottom so corporations think they can go wherever they like basically
right now in the case of starbucks of course the boycott is a very potent weapon because it's a retail company. it's not an institutional business to business massive computer company let's say like an i.b.m. or something starbucks is directly with the public so a boycott really cuts into their revenues and for that reason it can be a very effective means to get the company's attention have you given any thought to the idea that there are a certain number of boycotters would result in a certain amount of their revenues of the top line being depleted and therefore their earnings as a corporation would shrink to some degree in other words are you using you're making the connections economically between austerity cutting services to mothers and the tax that's not being collected are you going to dig deeper into showing how this boycott mechanism the economics of it how it affects on a quarter by quarter basis potentially the after tax whatever they pay income to
these companies and could this be yet another way to apply some very precise strategic pressure on the company i think there's an interesting debate to be had. like what tactics work and it's a good i think it's good for like protest groups in this day and age because you know we've seen with the arab spring you see and occupy international activists really need to learn from each other and work together more and see what works in different contexts and here learn what tactics work with which targets so it's like . international most national chains corporations which have high street presences the reason why you can cause words is like you can take action where you live so if you're fed up and angry about the cup or about tax avoidance you wake up one morning you wake up on saturday you've got a couple of spare hours you can just walk out of your your house go down to a local starbucks and make your voice heard that way so that's why it's been successful because you know these people have busy lives and you need to have an
easy way to get involved in protest and also people are understandably fed up with the main main political parties right now with the googles and amazons i think like the idea of boycotts and other kind of tactics that's where the debate comes more interesting because as you point out they don't have high street stores right they have headquarters they have other kinds of offices how can you talk to get them that way one of the things we've done is for example we've kind of done kind of spoof yes men style kind of stunts. again it's like for example majesty revenue and customs outgoing tax day hartnett well we've kind of like given him spoof awards from goldman sachs and other companies saying thanks a lot for letting us all tax so yeah i think there's a debate that's been had among campaign is how can we target tax avoiders which don't have high street stores there's an interesting one today yeah now of course you are being very successful with going against these companies and of course all the companies flood into the banking system and the banking system ultimately is
where the biggest fraud takes place any thought or do you have any plans of going after the big kahuna the banks all the the big four in this country the big four money center banks that are the scourge of this country any plans to do anything or maybe you don't want to tip your hand your thoughts. i mean another thing to say is that you can practice it's a network so it's up to activists where they lead to take action and tollway the ideas and tactics and targets and we have national days actually people come together there was like twenty eleven around the time where more information was coming out about not only like barclays for example their tax strategies for tax avoidance but also you know more information was coming out about how much we subsidize the banks still despite the fact they crashed the economy they were being held responsible and the government's regulations are very we can no effective so we did do a kind of sins in occupations in bob's of barclays and h.s.b.c. and b.s.
because obviously they've kind of. taken they've had their own kind of welfare whilst welfare for the majority of people as being the bankers the going over see massive handouts so i think it may be interesting to think about revisiting those kind of campaigns there is a group which is like a group it came came out of a you can call called move your money which started talking about moving people's bank accounts to alternatives the kind of more invest ethical investment kind of bank banks so that's that's one thing to look up yeah i think maybe it's time to look again at the bangs and i we've got about thirty seconds can you just talk a little bit about the campaign you've got called balan's against the banks. yeah that was that was just like i say the campaign from earlier in twenty eleven that was about basically saying what we need to allow is the real economy we need to have an investment in jobs in infrastructure and people's communities in libraries and not bailout the banks the banks have got enough money and they crush the
economy and we're just going to give them a free ride in a free ticket that's not the way forward banks and the financial institutions you know like. tidy said rolling stone the other giant vampire squid sucking the life out of the real economy so what we need to do is just ignore them let them fade away and invest in the real economy and that's what that campaign was about all right jim st if you carry on. we're out of time thanks so much for being on the kaiser report cheers max all right that's going to do it for this edition of the kaiser report with me max kaiser and stuart i was like my guest jim st of u.k. cut if you want to send me an e-mail please do so because of reporting or t.v. are you at all excited i suppose oh but no. thanks.