the leaders return to the summit and angela merkel said this about david cameron. >> david cameron was at the negotiating table with us and we made this decision. what we couldn't do was make a lousy compromise for the euro. we have to set up hard rules. >> other leaders noted that britain had been alone in demanding concessions. the mood of britain seemed to extend to a ceremony welcoming croatia as the latest e.u. member. >> and last but not least, the united kingdom, mr. david cameron. >> the prime minister said he wasn't frightened of being left out of future talks. a new pact to instill discipline over their spending. what hasn't been addressed is debt and slow growth, the fundamental problems of the euro zone. gavin hewitt, "bbc world news," brussels. >> david cameron insists that britain will still have stig -- it's also prompted new reports for a british referendum on europe. nick robinson looks at mr. cameron's decision to go it alone. >> this picture might not make it on to david cameron's wall. it captures the moment europe split. 26 against one. the moment a british prime m

and the british prime minister, david cameron, will tell the u.k. parliament why he refused to sign the eurozone rescue treaty. russell is here. a big loss for chelsea, but someone's gain in china? >> yes, i think in many ways, chelsea ought to be quite pleased that nicholas is leaving, because he's expensive, the amount of money they pay him every week, and he's 32, not part of the plans of the current manager. but a real coup, as you say, for asia, for china, for chinese super league called shanghai, who signed him on a two-year deesm a real coup for the league, which has had problems in recent years. he's a sought-after player. even though he's not stayed in one place very long, he's been very successful throughout, despite his constant moving. he scores goals. he's been with arsenal. he's been with liverpool, he's been with bolton, and more recently he's been with chelsea in the premier league. >> and from his point of view, he doesn't fancy his chances in another big european team clearly. >> well, this is the question. we'll hear from him late

david cameron has urged him to move swiftly to end abuses. it is time for real change. >> we're looking to move forward from a pine minister who search for four years to a prime minister who is elected for four years. we would like the prime minister of the united kingdom to discuss this issue. >> in bahrain, the protests and the clashes with police in villages continue. many protesters from the shia population want to end the monarchy. but many do not. king hamad has told the bbc that he plans to invite personal advisers from all of the political parties, including the opposition. but most remain skeptical. bahrain's government was hoping that report would draw in the violence. but political grievances remain. this bill state is now deeply divided between the shia opposition and those who support the government. >> it was hard enough giving thousands of troops and equipment -- getting thousands of troops and equipment into tan.is it may be ener toughn. to get them out. >> an angle of the u.s. war effort that outsiders do not see. logistics'

i would mention the situation of david cameron's stance on this. he deserves an enormous amount of praise for standing his ground. there are, of course, a few ramifications. i would like to be a fly on the wall to see if he asked angela merkel and nicholas sarkozy if they would grant those concessions to the city of london, otherwise he would have to call a referendum. he might have gotten those concessions, but that is something i will never find out. the other thing is, i suspect that as a result of making a stance and standing up for the city of london, which, let's face it, is the center of the universe -- 37% of the world's foreign exchange -- he did a great job of standing up for it. but if we do not save the world of the financial system in the next three years, every opportunity will absolutely make it very clear that he holds the uk to bolster this day. he will make it very painful for us. it is up for us in the months to come to deliver. >> politics in britain -- david, thank you. let's have a look beyond and see what the markets are doin

david cameron, feeling the heat at home and abroad. -- one man out. david cameron, feeling the heat at home and abroad. hello, welcome to "gmt." also in the program. voting is underway in local searing in elections. many are staying away, fearing more violence. school is stressful, but japanese mothers are under pressure to make lunch a work of art. it is early morning in washington, mid day here in london. david cameron is due to make a key speech in the next few hours, explaining his lone opposition at last week's european summit. he will do so against the backdrop of criticism at home and abroad. hear, nick clegg says that he is bitterly disappointed. in france, the head of financial regulations says that the british way is the stupidest in the world. his words. and >> britain's parliament is getting ready to hear from the prime minister, david cameron. many of his own mp's will welcome his decision. but nick clegg says that he is bitterly disappointed. the democrats are said to bitterly cat -- criticized britain. senior leaders are trying to maint

the leaders return to the summit and angela merkel said this about david cameron. >> david cameron was at the negotiating table with us and we made the decision. what we could not do was make allows a compromise for the euro. we have to set up hard rolls. >> of the leaders noted britain had been alone in demanding concessions. >> they are divided and they are outside. >> britain is the outsider and it seemed to extend to a ceremony welcoming croatia as the latest eu member. >> and last but not least, the united kingdom, mr. david cameron. >> the prime minister said he was not frightened of being left out of future talks. leaders headed home with a new tack to instill discipline over spending. what has not been addressed is debt and low growth, the fundamental problems of the eurozone. bbc news, brussels. >> activists say at least 24 people and killed in protests across syria. four children are among those killed in demonstrations, which have been taking place regularly. more than 4000 people have died in the uprising since march. the gunman who shot a virginia tech police officer befor

david cameron has urged him to move swiftly to end abuses. it is time for real change. >> we're looking to move forward from a pine minister who search for four years to a prime minister who is elected for four years. we would like the prime minister of the united kingdom to discuss this issue. >> in bahrain, the protests and the clashes with police in villages continue. many protesters from the shia but many do not. king hamad has told the bbc that he plans to invite personal advisers from all of the political parties, including the opposition. but most remain skeptical. bahrain's government was hoping that report would draw in the violence. but political grievances remain. this bill state is now deeply divided between the shia opposition and those who support the government. >> it was hard enough giving thousands of troops and equipment -- getting thousands of troops and equipment into afghanistan. it may be even tougher to get them out. >> an angle of the u.s. war effort that outsiders do not see. logistics' high in the sky. this is how th

david cameron and nick klegg have very different views of europe, but when it comes to referendum or not having won, they speak as one. >> of course there should be a never and durum -- a referendum if there are new powers. but there is no question of that happening because there will be no new powers. we are not a member of the eurozone. the question simply does not arise. >> what has made skeptics' so twitchy is the proposals of merkel and sarkozy. today, there was a proposal that at least those in the eurozone should now agree to a tax on financial transactions, a common approach to company taxes, and, and employment rolls, too. precisely this sort of agenda load to buy british conservatives. as if the pressure were not enough, david cameron has to put what is agreed at the summit to a common vote. the last summit produced what was the biggest rebellion seen in years. >> nick robinson reporting. we will have more on the eurozone later in the program. vladimir putin has formally applied to stand for president of russia as protests about the parliamentary elections on sunday continu

david cameron has urged him to move swiftly to end abuses. it is time for real change. >> we're looking to move forward from a pine minister who search for four years to a prime minister who is elected for four years. we would like the prime minister of the united kingdom to discuss this issue. >> in bahrain, the protests and the clashes with police in villages continue. many protesters from the shia population want to end the monarchy. but many do not. king hamad has told the bbc that he plans to invite personal advisers from all of the political parties, including the opposition. but most remain skeptical. bahrain's government was hoping that report would draw in the violence. but political grievances remain. this bill state is now deeply divided between the shia opposition and those who support the government. >> it was hard enough giving thousands of troops and equipment -- getting thousands of troops and equipment into afghanistan. it may be even tougher to get them out. >> an angle of the u.s. war effort that outsiders do not see. logis

is no no one the against twenty six do you think david cameron made the right decision david cameron just committed economics. the u.k. has a debt to g.d.p. ratio of a thousand percent the banks in the u.k. alone have a debt to g.d.p. of four hundred percent something like six trillion dollars in debt he once has the rest of the europeans and the rest of the world just tolerate london as the capital of fraud remember. made off and they all went through london they once did london to continue to be the capital of fraud while the rest of europe of the rest of the world for earns his sovereign debt and his bank debt that's ridiculous and those bank stocks in the u.k. barclays lloyds royal bank of scotland they're going to get hit and hit hard because cameron is an idiot surely this man most of must have known the vote was going to happen. for the u.k. where you see it going on we have got what you're given is a very british grim prognosis would you see it heading that in real terms. in real terms i see the british economy suffering tremendously because they've totally isolated themselve

david cameron has urged him to move swiftly. he says it saves time for real change. >> what we are looking for is to move from dictatorship to democracy, to move from a prime minister empowered for 40 years to a prime minister to be elected. that is what we are looking for and what we are willing -- meeting with the prime minister of england, to discuss that issue with the king. >> in bahrain, the protests and clashes with police in villages continue. many protestors want an end to the sunni monarchy do not. one says he can live with the constitutional monarchy, and he is really to dialogue with the king. >> the king, seen here receiving a damning report on human rights abuses told the bbc he plans to invite in all the political parties, including those from the opposition, but most remain skeptical. bahrain's government was hoping they would draw a line after the uprising. this gulf state is now deeply divided between the sheer opposition and those who support their government. franc gardner, "bbc news." >> it was hoard enough

david cameron. -- the united kingdom, mr. david cameron. the european leaders headed home with a new pact to instill discipline over their spending. what has not been addressed is debt and slow growth, the fundamental problems of the eurozone. >>> as we have seen so many times before, all of these events in brussels are having financial implications all over the world. i am joined by john cassidy from new yorker magazine. let's start with the idea this treaty has not come up with a solution to the fund and the problem of slow growth in europe. >> that is true, but we should not underestimate what happened. from the british point of view, it is a political story, from the european point of view this is a big economic store. look what has happened the past couple three months. we have the new government increase, new government in italy, both of them technocratic, new government in spain, which is dedicated to austerity. we also have this new treaty, the 17 countries in force in fiscal discipline. these are quite big developments. i think the

and toeurope's leaders lined up criticize david cameron and his veto last week at the summit. across europe, mr. cameron is accused of diplomacy. >> politics, there is one golden rule. you only walk away if you are sure that the others will come after you to win you back. >> hello. welcome to "gmt." also in the program, it is supposed to be a religious school. why did pakistan find 45 students chained in a cellar? canada goes cold on the climate change theory. it becomes the first country to pull out of the kyoto protocol. it is early morning in washington, midday in london, 1:00 in the afternoon at the home of the european union parliament. that is where the politicians have been venting their frustrations over written's veto of last week's summit. one senior vp said that david cameron had made a cardinal error of taking a stand without knowing the anyone would follow. >> the coalition government is strained, as never before. nick clegg has attacked the prime minister's veto of the european treaty. are these wounds that can be healed? skeptics are celebrating, meanwhile, in a

david cameron was not the only one isolated. others had objections to a treaty change. >> treaty change or not, that is not at the heart of what we need to do. >> david cameron, president sarkozy, and angela merkel met for 45 minutes. the prime minister was very tough in setting out his demands and a long difficult night ahead was expected. europe's leaders have made it clear that the future of the single currency depends on the summit. europe is being asked to commit to a close step towards integration. the proposed changes touched on issues like sovereignty over national budgets. it is not only britain that has concerns. >> before europe's leaders had gathered in belgium, the european central bank cut interest rates to countries that use the euro by a quarter of a percent. the markets were not impressed. >> european central bank offered some support to your's economy today and to its banks. - some support to europe's banks and economy. >> they are offering support to the banks but not any significant support to the sovereign.

what's your reaction to david cameron's move here? >> good morning. i think the key thing is that the euro zone countries themselves are taking and have agreed certain measures to help stabilize the euro in the longer term. it was important to compliment the short-term measures that have been adopted with a longer term perspective so that the markets know just isn't effects for the next few weeks. there's a long-term plan to address the issues in those countries with excessive debt. >> then again, that does the address the issue of david cameron saying he wanted safeguards for uk interests, in particular in the financial services sector and that really has been a major road block. does going forward with only 17 euro zone members instead of the full 27 present problems? >> no, because this is about addressing sovereign debt problems of the countries that are in the euro. i know there are many countries across the world with sovereign debt problems but here within the euro zone there is firstly a system for helping such countries with loans to give the

and have that guy lord sugar as a consultant to david cameron with a new tape or print a prize because that's all the u.k. economy is in the global economy is one big one thousand debt to g.d.p. ratio for going tape worm i think it's sir alan sugar but listen max the point that these consultants made to the treasury was illustrated by the example of a saver who made seventy thousand pounds in contributions between one nine hundred ninety four and two thousand. the nine only to see the forty six thousand pounds and profit from the rise in the value of the footsie one hundred being consumed in its entirety by the financial services industry so every single penny of profit you made on the rise in the footsie went to bankers but there is a cult in the u.k. where the population itself endorses rupert murdoch's position and therefore david cameron's that these are god like human beings that only through them can we create economies and wealth while people newquay have money in a pension account let's say the pension account is tied to the footsie index of forty one hundred let's say well wha

and fueled by his apparent successes in libya david cameron has revealed plans for potential intervention in somalia next year the oil rich african country has been described as a threat to british security and its fate will be decided at high level talks in london in february. those were the headlines kaiser report is up next stay with. i am as times are this is the kaiser report merry christmas merry christmas oh it's happy christmas time is so exciting stacy her rexy almost like a central banker they're printing money yes here's another billion from of global or here's a truthful jamie dornan or your story truly for wall street oh here's david cameron the paper go to. the max let's look a little bit back on twenty eleven this is been the year of obama's wars the currency wars and the biggest war of them all with the global insurrection against banker occupation and so you know a few weeks ago i invited people to send in images of their own job of dogs because i had g.i. bill harry why i wanted to show you a few of those little gifts to the audience here this is from the mad ape and tha

david cameron apparently started with the french better to be french the british says french finance minister and here is a little video clip of him francois our own in the pollution with the moment but. could a situation we couldn't be good again with the tool to eat poop to complete for the twins to complete that you can smooch with we couldn't improve. the school in the world which we will do to go to work of course any sane person would rather be french and british just look at a recent study that came out about facebook users seventy five percent of british facebook users feature photos of themselves drunk. ok that should tell you something about that country all the policy makers are drunk mervyn king is mostly in the bag all the people who are trying to do business over there in the city of london are for the most part in the abbreviated well some more french people pile on here doom and gloom i.m.f. boss says every economy is that risk as britain's credit rating is threatened. so this is christine legarde she's the managing director of the i.m.f. and she's issued a stark warn

and have that guy lord sugar as a consultant to david cameron with a new tape or print a prize because that's all the u.k. economy is in the global economy is one big one thousand debt to g.d.p. ratio for tape worm i think it's sir alan sugar but listen max the point that these consultants made to the treasury was illustrated by the example of a saver who made seventy thousand pounds in contributions between one nine hundred ninety four and two thousand. the nine only to see the forty six thousand pounds and profit from the rise in the value of the footsie one hundred being consumed in its entirety by the financial services industry so every single penny of profit you made on the rise in the footsie went to bankers but there is a cult in the u.k. where the population itself endorses rupert murdoch's position and therefore david cameron's that these are god like human beings that only through them can we create economies and wealth while people newquay have money in a pension account let's say the pension account is tied to the footsie index of fifty one hundred let's say well what thes

and have that guy lord sugar as a consultant to david cameron with a new tape or print a prize because that's all the u.k. economy is in the global economy is one big one thousand debt to g.d.p. ratio for tape worm i think it's sir alan sugar but listen max the point that these consultants made to the treasury was illustrated by the example of a saver who made seventy thousand pounds in contributions between one nine hundred ninety four and two thousand. the nine only to see the forty six thousand pounds and profit from the rise in the value of the footsie one hundred being consumed in its entirety by the financial services industry so every single penny of profit you made on the rise in the footsie went to bankers but there is a cult in the u.k. where the population itself endorses rupert murdoch's position and therefore david cameron's that these are god like human beings that only through them can we create economies and wealth or people in the u.k. have money in a pension account let's say the pension account is tied to the footsie index of forty one hundred let's say well what the

where the population itself endorses rupert murdoch's position and therefore david cameron's that these are god like human beings that only through them can we create economies and wealth while people newquay have money in a pension account let's say the pension account is tied to the footsie index and put you one hundred let's say well what these bankers do whether they're just b. c. barclays are royal vital scullin lloyds they take that index of other stocks and they buy and sell them every week so if you have the quarter you have just the forty one hundred stocks that are powerful the zero but you generated twenty five percent of your equity in commissions and then they'll say well you know it's a fee that we need to support our lifestyle as fricken type worms if you think there's going to be any justice about these tapeworms and these fraudsters in our economies s.t.c. charges x. fannie and freddie chiefs six former top executives at fannie mae and freddie mac. including the former c.e.o.'s have been charged with securities fraud and a civil case brought by the u.s. securities and e

the british prime minister, david cameron, has demanded certain concessions. the u.k. is not part of the eurozone, but part of the european union. they the camera demanded the concessions that france and germany are not prepared to -- david cameron demanded concessions that france and germany are not prepared to accept sweden is not interested in those changes. the 17 countries that formed the eurozone will try to go it alone. there is also news that 200 billion euros and is going to be raised in bilateral loans and 750 euros of that will come from the 17 eurozone nations. that money will go to the imf in washington, d.c. that organization will use the money to help european governments deal with the sovereign debt crisis. it is an economic issue, but very much a political issue in terms of political changes. the electorate was to have their say. parliament was to have their say. it is whether a decision can be reached at the end of the summit in brussels on friday. the french president says there will be no second chance. >> when the leaders arrived to the summit, the

he believes prime minister david cameron was right to say no to brussels. and he is not alone. >> britain is so reliant on its financial sector that we have to protect this for ourselves. more than anything else. it is very difficult to be the one man that stands up against everyone else and says, "this is not for us." that is, i think, a difficult thing to do, but i do think it is the right thing to do, to try to protect british interests. >> critics say camera was only protecting the interests of the few, those who work in the financial district. they want to avoid the financial transaction tax that the rest of the eu signed off on in brussels. now, the u.k. finds itself isolated. >> the choice was a treaty without proper safeguards or no treaty, and the right answer was no treaty. it was not an easy thing to do, but it was the right thing to do. >> cameron's decision has given new life not only to the euro skeptics in the british parliament, but also to analysts like robert olds from the bruges think tank in brussels. he has been calling for less europe

and have that guy lord sugar as a consultant to david cameron with a new prize because that's all the u.k. economy is in the global economy is one big one thousand debt to g.d.p. ratio for tape worm i think is sir alan sugar but listen max the point that these consultants made to the treasury was illustrated by the example of a saver who made seventy thousand pounds in contributions between one nine hundred ninety four and two thousand. the nine only to see the forty six thousand pounds and profit from the rise in the value of the footsie one hundred being consumed in its entirety by the financial services industry so every single penny of profit you made on the rise in the footsie went to bankers but there is a cult in the u.k. where the population itself endorses rupert murdoch's position and therefore david cameron's that these are god like human beings that only through them can we create economies and wealth while people newquay have money in a pension account let's say the pension account is tied to the footsie index of forty one hundred let's say well what these bankers do whet

where the population itself endorses rupert murdoch's position and therefore david cameron's that these are god like human beings that only through them can we create economies and wealth while people in the u.k. have money in a pension account let's say the pension account is tied to the footsie index of fifty one hundred let's say well what these bankers do whether it's a just b. c. barclay is our roi baikal scotland lloyds they take that index of a hundred stocks and they buy and sell them every week so if you have the quarter yeah just the forty one other stocks are powerful the zero but you generated twenty five percent of your equity in commissions and then they'll say well you know it's a fee that we need to support our lifestyle as fricken tapeworms if you think there's going to be any justice about these tapeworms and these fraudsters in our economies s.t.c. charges x. fannie and freddie chiefs six former top executives at fannie mae and freddie mac. including the former c.e.o.'s have been charged with securities fraud and a civil case brought by the u.s. securities and exchang

and have that guy lord sugar as a consultant to david cameron with a new brand of prizes because that's all the u.k. economy is in the global economy is one big one thousand debt to g.d.p. ratio for tape worm i think is sir alan sugar but listen max the point that these consultants made to the treasury was illustrated by the example of a saver who made seventy thousand pounds in contributions between one nine hundred ninety four and two thousand. the nine only to see the forty six thousand pounds and profit from the rise in the value of the footsie one hundred being consumed in its entirety by the financial services industry so every single penny of profit you made on the rise in the footsie went to bankers but there is a cult in the u.k. where the population itself endorses rupert murdoch's position and therefore david cameron's that these are god like human beings that only through them can we create economies and wealth while people newquay have money in a pension account let's say the pension account is tied to the footsie index of forty one hundred let's say well what these bankers

david cameron apparently started with the french better to be french the british spread finance minister and here is a little video clip of him francois our own in the moment but. could a situation we couldn't be good again with the tool to be put to prove to be complete for the twins who put that you can smooch with we couldn't be pulled over to. the school in the public school to go to work of course any sane person would rather be french and british just look at a recent study that came out about facebook users seventy five percent of british facebook users feature photos of themselves drunk. ok that should tell you something about that country all the policy makers are drunk mervyn king is mostly in the bag all the people who are trying to do business over there in the city of london are for the most part in the brit well for more french people pile on here doom and gloom i.m.f. boss says every economy is that risk as britain's credit rating is threatened. so this is christine legarde she's the managing director of the i.m.f. and she's issued a stark warning to world markets by claim

where the population itself endorses rupert murdoch's position and therefore david cameron's that these are god like human beings that only through them can we create economies and wealth for people in the u.k. have money in a pension account let's say the pension account is tied to the footsie index of forty one hundred let's say well what these bankers do whether they just. are roy by the skull and lloyd's they take that index of a hundred stocks and they buy and sell them every week so if you have the quarter yes yes the forty one hundred stocks are powerful the zero but you generated twenty five percent of your equity in commissions and then they'll say well you know that's a fee that we need to support our lifestyle a frickin type worms if you think there's going to be any justice about these tapeworms and these fraudsters in our economies s.t.c. charges x. fannie and freddie chiefs six former top executives at fannie mae and freddie mac. including the former c.e.o.'s have been charged with securities fraud and a civil case brought by the u.s. securities and exchange commission for

and have that guy lord sugar as a consultant to david cameron with a new tape or print a prize because that's all the u.k. economy is in the global economy is one big one thousand debt to g.d.p. ratio for tape worm i think is sir alan sugar but listen max the point that these consultants made to the treasury was illustrated by the example of a saver who made seventy thousand pounds in contributions between one nine hundred ninety four and two thousand. the nine only to see the forty six thousand pounds and profit from the rise in the value of the footsie one hundred being consumed in its entirety by the financial services industry so every single penny of profit you made on the rise in the footsie went to bankers but there is a cult in the u.k. where the population itself endorses rupert murdoch's position and therefore david cameron's that these are god like human beings that only through them can we create economies and wealth well people newquay have money in a pension account let's say the pension account is tied to the footsie index of forty one hundred let's say well what these b

and fueled by his apparent successes in libya david cameron has revealed plans for potential intervention in somalia next year the oil rich african country has been described as a threat to british security and its fate will be decided at high level talks in london in february. those were the headlines kaiser report is up next stay with. i am as times are this is the kaiser report merry christmas merry christmas oh it's happy christmas time is so exciting states are her rexy almost like a central banker they're printing money yes here's another billion from of global or here's a truthful jamie dornan or your story surely for wall street oh here's david cameron the paper go to. well max let's look a little bit back on twenty eleven this is been the year of obama's wars the currency wars and the biggest war of them all with a global insurrection against banker occupation and so you know a few weeks ago i invited people to send in images of their own jabba dogs because i had yobbo harry why i wanted to show you a few of those little gifts to the audience here this is from the mad ape and tha

fueled by apparent successes in libya david cameron reveals plans for a potential intervention in somalia next year the oil rich african country has been described as a threat to british security and its fate will be decided at high level talks in london set for february. more news and a half hour but first max kaiser and stacey herbert discuss how the u.k. is trying to practice capitalism without capital and massive financial sector debts stay with us. i am as times are this is the kaiser report merry christmas larry first oh it's happy christmas time is so exciting stacy her rexy almost like a central banker they're printing money yes there's another billion from of global or there's a true for jamie dornan or your story surely for wall street oh here's david cameron the paper go to. the max let's look a little bit back on twenty eleven this is been the year of obama's wars the currency wars and the biggest war of them all with the global insurrection against banker occupation and so you know a few weeks ago i invited people to send in images of their own job of dogs because i had g.i.

where the population itself endorses rupert murdoch's position and therefore david cameron's that these are god like human beings that only through them can we create economies and wealth while people newquay have money in a pension account let's say the pension account is tied to the footsie index of forty one hundred let's say well what these bankers do whether they're just b. c. barclay our royal bank of scotland lloyds they take that index of other stocks and they buy and sell them every week so if you have the quarter you have yes the forty one hundred stocks are powerful the zero but you generated twenty five percent of your equity in commissions and then they'll say well you know it's a fee that we need to support our lifestyle as fricken tapeworms if you think there's going to be any justice about these tapeworms and these fraudsters in our economies s.t.c. charges x. fannie and freddie chiefs six former top executives at fannie mae and freddie mac. including the former c.e.o.'s have been charged with securities fraud and a civil case brought by the u.s. securities and exchange

david cameron apparently started with the french better to be french the british says french finance minister and here is a little video clip of him francois our own of the moment but who. knows you could . get a situation we couldn't be good again with the tool to eat poop to be complete for the twins who put that you can smooch with we couldn't be pulled over to. the school. to go to work of course any sane person would rather be french and british just look at a recent study that came out about facebook users seventy five percent of british facebook users feature photos of themselves drunk. ok that should tell you something about that country all the policy makers are drunk mervyn king is mostly in the bag all the people who are trying to do business over there in the city of london are for the most part in the abbreviated well for more french people pile on here doom and gloom i.m.f. boss says every economy is that risk as britain's credit rating is threatened. so this is christine legarde she's the managing director of the i.m.f. and she's issued a stark warning to world markets

and fueled by his apparent successes in libya david cameron has revealed plans for potential intervention in somalia next year the oil rich african country has been described as a threat to british security and its fate will be decided at high level talks in london in february. those were the headlines kaiser report is coming up next stay with our team. i am alex kaiser this is the kaiser report merry christmas mary first oh it's happy christmas time is so exciting stacy herbert rex you almost look like a central banker they're printing money yes here's another billion from a global or here's a truthful jamie dornan or your story is surely for wall street oh here's david cameron the paper go to. the max let's look a little bit back on twenty eleven this is been the year of obama's wars the currency wars and the biggest war of them all with the global insurrection against banker occupation and so you know a few weeks ago i invited people to send in images of their own job of dogs because i had g.i. bill harry why i wanted to show you a few of those little gifts to the audience here this is

in turn told the people of britain is that david cameron was safeguarding their financial system what he meant to say or felt to say was that he's safeguarding the ability of the u.k. city of london to engage in this massive infinite series of really hypothecation policies scams that have decimated the balance sheet of the united kingdom and why that country the debt is now on suicide watch well max what the article says is because a lot a lot of this really hypothecation is off balance sheet and you don't know what the collateral is and you don't know how many times it's been pledged over and over they say well this creates this chains of counterparty risk where multiple re hypothecation borrowers use the same collateral over and over again essentially it is a chain of debt obligations that is only as strong as its weakest link now as you mentioned this is allowed because of the u.k. and the city of london but here in the u.s. where you have these presidential the republican. debate happening everybody is focused on this ten thousand dollars bet that mitt romney made rick perry but n

fueled by apparent successes in libya david cameron reveals plans for a potential intervention in somalia next year the oil rich african countries been described as a threat to british security and its fate will be decided at high level talks in london set for february. more news and a half hour but first max kaiser and stacey herbert discuss how the u.k. is trying to practice capitalism without capital and massive financial sector debts stay with us. i am as times are this is the kaiser report merry christmas merry christmas oh it's happy christmas time is so exciting stacy her rexy almost like a central banker they're printing money yes there's another billion from of global or there's a true for jamie dornan or your story surely for wall street oh here's david cameron the paper go to. well max let's look a little bit back on twenty eleven this is been the year of obama's wars the currency wars and the biggest war of them all with a global insurrection against banker occupation and so you know a few weeks ago i invited people to send in images of their own jabba dogs because i had yobbo

prime minister david cameron was not party to the agreement. the tensions were reflected in the body language today. britain said it could not accept proposed amendments to the eu treaty. >> the key question for britain, would you allow that to happen if you are not happy with the safeguards you are given? i was not prepared to take the treaty to my parliament in that way, and that is why i rejected signing this treaty today. the right thing for britain -- a tough decision, but the right one. >> britain wants to protect the city of london from future eu taxes and regulations. france and germany would not give way, insisting that the biggest issue at stake was saving the euro. if it leaves britain isolated, french president nicolas sarkozy suggested that was up to britain itself. >> [speaking foreign language] >> this is a choice our british friends have made. we cannot criticize them. on the one hand, you cannot ask and at the same time be a part of the decisions that you don't want. that is not possible. >> there will undoubtedly be major hurd

in turn told the people of britain is that david cameron was safeguarding their financial system what he meant to say or fail to say was that he's safeguarding the ability of the u.k. city of london to engage in this massive infinite series of really hypothecation policies scams that have decimated the balance sheet of the united kingdom and why that country the debt is now on suicide watch well max what the article says is because a lot a lot of this really hypothecation is off balance sheet and you don't know what the collateral is and you don't know how many times it's been pledged over and over they say well this creates this chains of counterparty risk where multiple re hypothecation borrowers use the same collateral over and over again essentially it is a chain of debt obligations that is only as strong as its weakest link now as you mentioned this is allowed because of the u.k. and the city of london but here in the u.s. where you have these presidential the republican. actual debate happening everybody is focused on this ten thousand dollars bet that mitt romney made rick perr

david cameron apparently started with the french better to be french the british says french finance minister and here is a little video clip of him francois our own of the moment. when those who could. get a situation we couldn't be due to go on with the tool to eat poop to complete for the twins who put that you can smooch with we couldn't be pulled over to. the school. to go to work of course any sane person would rather be french and british just look at a recent study that came out about facebook users seventy five percent of british facebook users feature photos of themselves drunk. ok that should tell you something about that country all the policy makers are drunk mervyn king is mostly in the bag all the people who are trying to do business over there in the city of london are for the most part in the abbreviated well for more french people pile on here doom and gloom i.m.f. boss says every economy is that risk as britain's credit rating is threatened. so this is christine legarde she's the managing director of the i.m.f. and she's issued a stark warning to world markets by c

david cameron apparently started with the french better to be french the british says french finance minister and here is a little video clip of him francois our own in the good of the moment but. could a situation we couldn't be good again with the tool to eat poop to complete for the twins who put that you can smooch with we couldn't improve. the school. didn't go to work of course any sane person would rather be french and british just look at a recent study that came out about facebook users seventy five percent of british facebook users feature photos of themselves drunk. ok that should tell you something about that country all the policy makers are drunk mervyn king is mostly in the bag all the people who are trying to do business over there the city of london are for the most part in the abbreviated well for more french people pile on here doom and gloom i.m.f. boss says every economy is that risk as britain's credit rating is threatened. so this is christine legarde she's the managing director of the i.m.f. and she's issued a stark warning to world markets by claiming the fut

david cameron apparently started with the french better to be french the british spread finance minister and here is a little video clip of him francois our own look at the moment but. could a situation we couldn't be good again with the tool to eat poop to complete for the twins who put that you can scoop we couldn't report over to. the school in the post world which will do go to work of course any sane person would rather be french and british just look at a recent study that came out about facebook users seventy five percent of british facebook users feature photos of themselves drunk. that should tell you something about that country all the policy makers are drunk mervyn king is mostly in the bag all the people who are trying to do business over there the city of london are for the most part in the abbreviated well some more french people pile on here doom and gloom i.m.f. boss says every economy is that risk as britain's credit rating is threatened. so this is christine legarde she's the managing director of the i.m.f. and she's issued a stark warning to world markets by claiming

david cameron apparently started with the french better to be french the british says french finance minister and here is a little video clip of him francois our own look at the moment but. could a situation we couldn't be good again with the tool to eat poop to complete for the twins who completed you can smooch with we couldn't be pulled over to. the school. didn't go to work of course any sane person would rather be french and british just look at a recent study that came out about facebook users seventy five percent of british facebook users feature photos of themselves drunk. ok that should tell you something about that country all the policy makers are drunk mervyn king is mostly in the bag all the people who are trying to do business over there in the city of london are for the most part in the abbreviated well some more french people pile on here doom and gloom i.m.f. boss says every economy is that risk as britain's credit rating is threatened. so this is christine legarde she's the managing director of the i.m.f. and she's issued a stark warning to world markets by claiming

and fueled by his apparent successes in libya david cameron has revealed plans for potential intervention in somalia next year the oil rich african country has been described as a threat to british security and its fate will be decided at high level talks in london in february. those were the headlines kaiser report is coming up next stay with. i am as times are this is the kaiser report merry christmas merry christmas oh it's happy christmas time is so exciting stacy her rexy almost like a central banker they're printing money yes there's another billion from of global or there's a true for jamie diamond or your story is surely for wall street oh here's david cameron the paper go to. well max let's look a little bit back on twenty eleven this has been the year of obama's wars the currency wars and the biggest war of them all with a global insurrection against banker occupation and so you know a few weeks ago i invited people to send in images of their own job of dogs because i had g.i. bill harry why i wanted to show you a few of those little gifts to the audience here this is from the m

captioned by the national captioning institute --www.ncicap.org-- >> david cameron has been defending his decision to block changes to the european union treaty in saving bureau. his coalition partners say that he is left britain isolated and marginalized. changes were needed supposedly to protect economic interests. >> statement, the prime minister. >> it was a rowdy session in the house of commons. prime minister cameron told and he's that he had tried hard to reach an agreement -- told mp's that he had tried hard to reach an agreement, but could not reach a sufficient agreement for britain. sufficiently they had to call for order. -- repeatedly, they had to call for order. cameron said that it had not been easy to stand alone to veto the treaty. and but, he rejected opposition claims that his decision had sidelined britain in the european union. he insisted that london would continue to work with the other 26 european union nations. >> britain remains a full member of the union. the events of last week to nothing to change that. our membership to the european union is vital to our

and have that guy lord sugar as a consultant to david cameron with a new tape or printer prices because that's all the u.k. economies of the global economy is one big one thousand to g.d.p. ratio for tape worm i think it's sir alan sugar but listen max the point that these consultants made to the treasury was illustrated by the example of a saver who made seventy thousand pounds in contributions between one nine hundred ninety four and two thousand. the nine only to see the forty six thousand pounds and profit from the rise in the value of the footsie one hundred being consumed in its entirety by the financial services industry so every single penny of profit you made on the rise in the footsie went to bankers but there is a cult in the u.k. where the population itself endorses rupert murdoch's position and therefore david cameron's that these are god like human beings that only through them can we create economies and wealth while people newquay have money in a pension account let's say the pension account is tied to the footsie index and put you one hundred let's say well what these b