max kaiser now that the global banking system is entering is endgame of collapse states are going to london do enter the belly of the beast as it were we want front row seats as london the epicenter of global banking for finally ultimately collapses under the weight of its own fraud states there are max that's right we're heading into london where we'll try out some new ideas will put max keiser in the street where he might encounter some of these bank stars well have some more in studio guess we're going to try some new stuff with william bonzai seven all new studio but of course we will bring some protection from the london disease well we're actually we're launching a new cell retires or in a couple of weeks as well so that'll be great to fight the bank's jurors face to face so this london disease features in this first headline max opinion bailed out banks facilitate twenty one trillion dollars of offshore cash hoard so this is investigative economist james henry in a report price of offshore revisited and this came out in july but it's really important to us as we head in to lon

at max kaiser until next time ask either saying by all. normal.

in the welcome back to the kaiser report i max kaiser time out to go to moscow idaho to talk to john rubino of dollar collapse dot com your ringside seat for the global financial crisis john bloggs there but also provides dozens of links to stories relevant to the currency wars financial collapse gold and silver john welcome to the kaiser report max thanks for having me on the right john robineau your web site is called dollar collapse dot com tell us about the collapse of the dollar what is the process of collapse and is the end near or in fact here you know we've been talking about this theme for a number of years now dollars been edging lower are we at the collapse point now john you know this is it was actually set up as a marketing site for a book but james target gold money and i cowrote back in two thousand and four and at the time we kind of call it a collapse of the dollar in particular in the currency system the world in general was imminent and and we were wrong the system has held on a lot longer than. we expected at the time and the basic processes is not that complicate

welcome back to the kaiser report i max kaiser time out to go to moscow idaho to talk to john rubino of dollar collapse dot com your ringside seat for the global financial crisis john bloggs there but also provides dozens of links to stories relevant to the currency wars financial collapse gold and silver john welcome to the kaiser report and max thanks for having me on the right john robineau your web site is called dollar collapse dot com tell us about the collapse of the dollar what is the process of collapse and is the end near or in fact here you know we've been talking about the same for a number of years now dollars been edging lower are we at the collapse point now john you know what this is it was actually set up as a marketing site for a book that james target gold money and i co-wrote back in two thousand and four and at the time we kind of caught up in the collapse of the dollar in particular in the currency system the world in general was imminent and and we were wrong the system has held on a lot longer than. we expected at the time and the basic processes is not that c

in the welcome back to the kaiser report i max kaiser time out to go to moscow idaho to talk to john rubino of dollar collapse dot com your ringside seat for the global financial crisis john bloggs there but also provides dozens of links to stories relevant to the currency wars financial collapse gold and silver john welcome to the kaiser report max thanks for having me on the right john rubino your website is called dollar collapse dot com tell us about the collapse of the dollar what is the process of collapse and is the end near or in fact here you know we've been talking about this theme for a number of years now dollars been edging lower are we at the collapse point now john you know this is it was actually set up as a marketing site for a book that james target gold money and i co-wrote back in two thousand and four and at the time we kind of got a collapse of the dollar in particular in the currency system the world in general was imminent and and we were wrong the system has held on a lot longer than. we expected at the time and the basic processes is not that complicated we

report thanks max and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert all of them i guess john rubino of dollar collapse dot com if you want to send me an e-mail please do so at kaiser report and r t t v dot r u n of course you can follow me on twitter at max kaiser until next time ask out or saying goodbye i'll.

stacey herbert tell us more max kaiser yes j.p. morgan and bank of america are leading the way on this first headline here big banks hide a risk transforming collateral for trade yes from next year we have the dodd frank rules coming in and that means that traders need to back their bets with u.s. treasury bonds or other top rated holdings so the problem is that the u.s. treasury bond market is ten point eight trillion dollars while the derivatives market is six hundred forty eight trillion dollars right right right right this is the collateral transformation scheme that's put forward by geithner and others is similar to the trans substantiation scheme that occurred oh i don't know five or six hundred years ago in the catholic church where they turned actually wafers into the bone of christ so you're taking basically something that is in a nerd object like an old toaster or a weed whacker or maybe some coloring books from tim geithner's grade school and you're saying this is collateral to back trillions of dollars worth of derivati

with me max kaiser and stays. herbert or thank my guest liam a graph goodman she's the author of the asylum the renegades who hijacked the world oil market does that mean email please do so at kaiser report at r t t v are you until next time x. has are saying bio.

welcome to the kaiser report on max kaiser are you a saver not a speculator feeling a bit depressed low rates got you down because you were getting stacey yes max apparently they method is to save us by depressing the savers as low rates depress savers governments reap benefits so you know we have negative returns after inflation is accounted for across europe us asia and though bad for people trying to live off their savings low interest rates happen to be quite good for anyone borrowing money like governments themselves over time interest rates below the inflation rate allow governments to refinance a road or liquidate their debt making it easier to live within their budgets without having to resort to more unpalatable spending cuts or tax increases governments are able to borrow from themselves by imposing policies like quantitative easing but simultaneously choking off credit to mortgages for small businesses they're choking the real economy to save the banks as i mean that the way that this is being positioned is that although the lending window is open a bit is not open it's being

twitter at max kaiser until next time x. guys are saying by all. syrian rebels threaten to attack civilian planes onward to the country i mean they're being used to supply the government with weapons. back to and aerated iran's reaffirming its position in the international arena after hosting a summit of dozens of nations as the international atomic watchdog piles up pressure on the country for stepping up nuclear activities. and as israel builds its war rhetoric against her for a revoke at how a military might but is helping the israeli population prepare for a reciprocal attack. hello and thank you for joining r t today with me karen taraji broadcasting to live from the heart of moscow where it's two o'clock well the rebel free syrian army are threatening to target civilian flights coming into the country they fighters claim the government is using the planes to bring in weapons from abroad including from russia while in moscow foreign minister sergei lavrov has reiterated russia is not supporting the syrian leadership but

max kaiser this is the kaiser report the global stratification amongst classes various groups continues now in the u.k. we've got lovise versus toffs stacey well in my first headline max i have this academic arrested after polite graffiti is found on cars rather than the usual swear words tags and rude pictures max and academic has apparently been put in graffiti on posh cars in his neighborhood reading really wrong arbitrary very silly he's inscribed these with a screwdriver in their cars oh lovely your use b.m.w. in my neighborhood is really wrong with a screwdriver scratched into this and of course we've seen this in france of course there's a big emphasis on grammar you know when they're committing this kind of lobby on top then the lows on that have to grammar has to be good of course this made me think of the g.o.p. convention where we see there's such a thing as polite rape and rape so we have the tea party which the libertarian think tank cato which was founded by marie rothbart and the one of the koch brothers they have declared that the tea party is libertarian at its core whe

max kaiser now that the global banking system is entering as end game of collapse states that are going to london do enter the belly of the beast as it were we want front row seats as london the epicenter of global banking fraud finally ultimately collapses under the weight of its own the fraud stacy ever max that's right we're heading into london where we'll try out some new ideas will put max keiser in the street where he might encounter some of these bank stars well have some more in studio guess we're going to try some new stuff with william bonzai seven all new studio but of course we will bring some protection from the london disease well we're actually we're launching a new cell retires or in a couple of weeks as well so that'll be great to fight the banks jurors face to face so this london disease features in this first headline max opinion bailed out banks facilitate twenty one trillion dollars of offshore cash hoard so this is investigative economist james henry in a report price of offshore revisited and this came out in july but it's really important to us as we head in to l

max kaiser this is the kaiser report silver liberation army they rule you know they're just going to hand it right right to the bankers. max that's the first headline silver liberation army kicked. in august of course the silver was the number one performing assets in all this in the world and i think that might have something to do with why jamie dimon c.e.o. of j.p. morgan chase has refused to come on to the show well yeah he's on the run he has some doppelganger you know like these dictators in these countries they hire lookalikes to go out in public because they're afraid they're going to be chased down so jamie diamon you know go to a board meeting at j.p. morgan and there's doppelganger you know all dolled up like jamie diamond the real guys are in a bunker somewhere with life masters afraid to come out now that the silver liberation army has got their location taken somerhalder and speaking of those refusing to come on to the kaiser report and have a fair open honest debate there's tom woods from the me sees institute and he is saying we received a response from him via somebo

with me max kaiser and stacey herbert i want to thank my guests leah mcgrath goodman she's the author of the asylum the renegades who hijacked the world oil market joins to me an email please do so at kaiser report at r t t v are you until next time accessing via.

max kaiser this is the kaiser report silver liberation army they rule you know they're just going to hand it right right to the bankers. max that's the first headline silver liberation army kicked. in august of course the silver was the number one performing assets in all this in the world and i think that might have something to do with why jamie dimon c.e.o. of j.p. morgan chase has refused to come on to the show well yeah he's on the run he has some doppelganger you know like these dictators in these countries they hire lookalikes to go out in public because they're afraid they're going to be chased down so jamie diamond you know go to a board meeting at j.p. morgan and there's doppelganger you know all dolled up like jamie diamond the real guys are in a bunker somewhere with life masters afraid to come out now that the silver liberation army has got their location taken summer hohner and speaking of those refusing to come on to the kaiser report and have a fair open honest debate there is tom woods from the me sees institute and he is saying we received a response from him via so

max kaiser this is the kaiser report silver liberation army they rule you know they're just going to hand it right right to the bankers. max that's the first headline silver liberation army kicked. in august of course the silver was the number one performing assets in august in the world and i think that might have something to do with why jamie dimon c.e.o. of j.p. morgan chase has refused to come on to the show well yeah he's on the run he has some doppelganger you know like these dictators in these countries they hire lookalikes to go out in public because they're afraid they're going to be chased down so jamie diamon you know go to a board meeting at j.p. morgan there's doppelganger you know all dolled up like jamie diamond the real guys are in a bunker somewhere with life masters afraid to come out now that the silver liberation army has got their location taken so hohner and speaking of those refusing to come on to the kaiser report and have a fair open honest debate there is tom woods from the me sees institute and he is saying we received a response from him via somebody else

max kaiser this is the kaiser report you know poland must be coming along economically because of course they are attracting wall street banks ders and just outright scams. max keiser yes this is the first headline thousands caught in polish financial scam thousands of poles many of them elderly have fallen victim to a huge fraud which has left them facing financial ruin financial institution amber gold promised guarantee returns of ten to fourteen percent for what it claimed were investments in gold many of its clients were older poles who grew up under communism and lack the knowledge to question how a financial firm can guarantee such a high rate of return on a commodity whose value fluctuates on the international market now peter shack the chief economist for poland at nor day of market says quote these were people with a low level of financial education they think it's still like in the old times where everything was guaranteed by the state no no no that's not like the new times is it well yeah in other words it's a it's a scam that you see all over the world in new york london now

welcome back to the kaiser report i max kaiser time now to go to moscow idaho to talk to john rubino of dollar collapse dot com your ringside seat for the global financial crisis john bloggs there but also provides dozens of links to stories relevant to the currency wars financial collapse gold and silver john welcome to the kaiser report and max thanks for having me on the right john rubino your web site is called dollar collapse dot com tell us about the collapse of the dollar what is the process of collapse and is the end near or in fact here you know we've been talking about this theme for a number of years now dollars been edging lower are we at the collapse point now john you know what this is it was actually set up as a marketing site for a book that james target gold money and i co-wrote back in two thousand and four and at the time we kind of got a collapse of the dollar in particular in the currency system the world in general was imminent and and we were wrong the system has held on a lot longer than. we expected at the time and the basic processes is not that complicated

max kaiser this is the kaiser report silver liberation army they rule you know they're just going to hand it right right to the bankers. max that's the first headline silver liberation army kicked. in august of course the silver was the number one performing assets in all this in the world and i think that might have something to do with why jamie dimon c.e.o. of j.p. morgan chase has refused to come on to the show well yeah he's on the run he has some doppelganger you know like these dictators in these countries they hire lookalikes to go out in public because they're afraid they're going to be chased down so jamie diamon you know go to a board meeting at j.p. morgan and there's a doppelganger you know all dolled up like jamie diamond the real guys are in a bunker somewhere with life masters afraid to come out now that the silver liberation army has got their location taken somerhalder and speaking of those refusing to come on to the kaiser report and have a fair open honest debate there's tom woods from the me sees institute and he is saying we received a response from him via some

report thanks max all right that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert all of them i guess john rubino of dollar collapse dot com if you want to send me an e-mail please just kaiser report and r t t v dot r u n of course you can follow me on twitter at max keiser until next time ask out are saying by all. normal.

i am max kaiser this is the kaiser report you know poland must be coming along economically because of course they are attracting wall street banks and just outright scams to things like. max keiser yes this is the first headline thousands caught in polish financial scam thousands of poles many of them elderly have fallen victim to a huge fraud which has left them facing financial ruin financial institution amber gold promised guarantee returns of ten to fourteen percent for what it claimed were investments in gold many of its clients were older poles who grew up under communism and lacked the knowledge to question how a financial firm can guarantee such a high rate of return on a commodity whose value fluctuates on the international market now peter shack the chief economist for poland at nor day of market says quote these were people with a low level of financial education they think it's still like in the old times where everything was guaranteed by the state no no no that's not like the new times is it well yeah in other words it's a it's a scam that you see all over the world in n

max kaiser this is the kaiser report silver liberation army they rule you know they're just going to hand it right right to the bankers. max that's the first headline silver liberation army kicked. in august of course the silver was the number one performing assets in august in the world and i think that might have something to do with why jamie dimon c.e.o. of j.p. morgan chase has refused to come on to the show well yeah he's on the run he has some doppelganger you know like these dictators in these countries they hire lookalikes to go out in public because they're afraid they're going to be chased down so jamie diamon you know go to a board meeting at j.p. morgan and there's doppelganger you know all dolled up like jamie diamond of the real guys in a bunker somewhere with life masters afraid to come out now that the silver liberation army has got their location taken so hohner and speaking of those refusing to come on to the kaiser report and have a fair open honest debate there is tom woods from the me sees institute and he is saying we received a response from him via somebody e

max kaiser this is the kaiser report silver liberation army they rule you know they're just going to hand it right right to the bankers. max that's the first headline silver liberation army kicked. in august of course the silver was the number one performing assets in all this in the world and i think that might have something to do with why jamie dimon c.e.o. of j.p. morgan chase has refused to come on to the show well yeah he's on the run he has some doppelganger you know like these dictators in these countries they hire lookalikes to go out in public but they're afraid they're going to be chased down so jamie diamon you know go to a board meeting at j.p. morgan and there is doppelganger you know all dolled up like jamie diamond the real guys are in a bunker somewhere with life masters afraid to come out now that the silver liberation army has got their location taken so hohner and speaking of those refusing to come on to the kaiser report and have a fair open honest debate there is time woods from the me sees institute and he is saying we received a response from him via somebody

i am max kaiser this is the kaiser report you know poland must be coming along economically because of course they are attracting wall street banks and just outright scams to. max keiser yes this is the first headline thousands caught in polish financial scam thousands of poles many of them elderly have fallen victim to a huge fraud which has left them facing financial ruin financial institution amber gold promise guarantee returns of ten to fourteen percent for what it claimed were investments in gold many of its clients were older poles who grew up under communism and lack the knowledge to question how a financial firm can guarantee such a high rate of return on a commodity whose value fluctuates on the international market now peter shack the chief economist for poland at nor day of market says quote these were people with a low level of financial education they think it's still like in the old times where everything was guaranteed by the state no no no that's not like the new times is it well yes in other words it's a it's a scam that you see all over the world in new york london n

twitter at max kaiser until next time x. guys are saying by all. syria's rebels declare civilian aid ports are their latest target and one that international flights shouldn't stray anywhere near the country's two largest cities. turkey's push for a no fly zone over syria says activists really as far away as germany both for and against the assad regime. actions will speak louder than words in israel as the country launches a massive war propaganda campaign along with emergency drills. lots of the sponsor getting attention for all the wrong reasons at the london paralympics anger among disability activists as a forum which they say humiliates them as a key backer of the games. you're watching already live from moscow with me to bang with a civilian a ports in syria in the crosshairs of the country's largest rebel group the free syrian army in a statement on its facebook page the group said that the courts in damascus and aleppo were hosting military flights as part of an alleged arms smuggling that for the government earlier

report thanks max all right and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert all of them i guess john rubino of dollar collapse dot com if you want to send me an e-mail please do so at kaiser report at r t r u. and of course you can follow me on twitter at max kaiser until next time ask out or saying goodbye i'll. sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you. are welcome to the big picture. mission. critical three. three. three. three. three. video for your media project. that's. a lot joe marvin in washington d.c. and here's what's coming up tonight on the big picture up to this point mitt romney has been running a content free campaign but after his r. and c. speech last night it looks like he'll continue to do so but what else can we expect with just a bit more than two months to go until the election and what affect my voter suppression idea laws avalon and all that and more and tonight's big pictur

twitter at max kaiser until next time x. guys are saying by all. syria's rebels declare civilian airports are their latest targets and warning that international flights shouldn't stray anywhere near the country's two largest cities. rage against turkey's recent push for a no fly zone over syria sparks rallies in germany by both pro and anti assad groups. actions speak louder than words as israel appears to be gearing up for war with iran launching a massive propaganda campaign along with emergency drills. plus anger at the london paralympics a key sponsor of the games is accused of humiliating disabled people as part of the government's attempts to cut welfare benefits. broadcasting live from our studios in central moscow this is r.t. glad to have you with us civilian airports in syria are in the crosshairs of the country's largest rebel group of the free syrian army in a statement on its facebook page the group said that the airports in damascus and aleppo were hosting a military flights as part of an alleged arms smugglin

report thank you all right not going to do it for this edition of the kaiser report with me max kaiser and stacy hermit i want to thank my guests karl denninger of market hyphen ticker dot org if want to send me an email please do so at kaiser reporting r t t v dot are you to next on that kind of thing by health.

thank you all right not going to do it for this edition of the kaiser report with me max kaiser and stacy herbert our fact my guess karl denninger of market hyphen ticker dot org if want to send me an e-mail please do so at kaiser reported r t t v dot are you tonight.

twitter at max kaiser until next time x. guys are saying by all. syria's rebels declare civilian airports their latest target sand warned that international flights shouldn't stray anywhere near the country's two largest cities. rage against turkey's recent push for a no fly zone over syria sparked rallies in germany by both pro and anti assad groups. actions speak louder than words as israel appears to be gearing up for war with iran launching a massive propaganda campaign along with emergency drills. plus anger at the london paralympics a key sponsor of the games is accused of humiliating disabled people as part of the government's attempts to cut welfare benefits. and live from our studios in central moscow this is our team let's get right your top stories civilian airports in syria are in the crosshairs of the country's largest rebel group and the free syrian army in a statement on its facebook page the group said that the airports in damascus and aleppo were hosting military flights as part of an alleged to arms smuggli

max kaiser this is the kaiser report silver liberation army they rule you know they're just going to hand it right right to the bankers. max that's the first headline silver liberation army kicked. in august of course the silver was the number one performing assets in all this in the world and i think that might have something to do with why jamie dimon c.e.o. of j.p. morgan chase has refused to come on to the show well yeah he's on the run he has some doppelganger you know like these dictators in these countries they hire lookalikes to go out in public but they're afraid they're going to be chased down so jamie diamon you know go to a board meeting at j.p. morgan and there's doppelganger you know all dolled up like jamie diamond the real guys are in a bunker somewhere with life masters afraid to come out now that the silver liberation army has got their location taken so hohner and speaking of those refusing to come on to the kaiser report and have a fair open honest debate there is tom woods from the me sees institute and he is saying we received a response from him via somebody el

all right that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i want to thank my gas chamber eckert author of currency wars is going to send me an email please do so at carson report r t t v dot ru until next time that's causing bio. critic three. three. three. three. three. old cerebral video for your media project c.e.o. don carty dot com.

report with me max kaiser and stacey herbert i want to thank my guests leah mcgrath goodman she's the author of the asylum the renegades who hijacked the world oil market joins to me an email please do so at kaiser report at r t t v are you until next time accessing bio.

i max kaiser welcome back to the kaiser report time now to go to cincinnati and talk with catherine austin fitts katherine welcome back to the kaiser report max it's always a pleasure all right catherine austin fitts item number seventeen of the g.o.p. platform states quote the war on drugs and the war on terror have become a single enterprise your thoughts well i think they've always been as single enterprise looking at it from the design standpoint of the people who are running the planet so if you look at this from what i call mr global's point of view i think the war on terror was designed to take the war on the drugs to next step in that and frankly the more entrenched never had anything to do with drugs in the first place so. to me they've been single just you know the war on drugs had run out of political spree decor and now you've just given it new energy and so now you're being more obvious about merging it but to me it was one in the same along. the combined war really as the war on civil liberties i guess you could say and in the us i've been there a while but i understand you'v

max kaiser this is the kaiser report silver liberation army they rule you know they're just going to hand it right right to the bankers. max that's the first headline silver liberation army kicked. in august of course the silver was the number one performing assets in august in the world and i think that might have something to do with why jamie dimon c.e.o. of j.p. morgan chase has refused to come on to the show well yeah he's on the run he has some doppelganger you know like these dictators in these countries they hire lookalikes to go out in public but they're afraid they're going to be chased down so jamie diamon you know go to a board meeting at j.p. morgan and there is doppelganger you know all dolled up like jamie diamond the real guys are in a bunker somewhere with life masters afraid to come out now that the silver liberation army has got their location taken so hohner and speaking of those refusing to come on to the kaiser report and have a fair open honest debate there is tom woods from the me sees institute and he is saying we received a response from him via somebody els

you know welcome back to the kaiser report i'm max kaiser time not going to niceville florida talk with karl denninger of market hyphen ticker dot org due to popular demand we've invited karl back on to finish where our last conversation ended which was on the topic of libertarianism karl denninger welcome back to the kaiser report thank you max ok now you wrote in your blog race and lay karl the unmourned victims are banks or politics so let's start with your thoughts for example on offshoring tell us about why this so-called free trade is not in fact genuine libertarian policy problem with offshoring as it is practiced today is it is not as is often asserted a function of free markets just. who are we are not talking about a corporation that chooses to take its labor offshore because the people there are smarter are willing to work harder and therefore produce a superior product at a better price if that was the case that would be capitalism but that's not what's going on instead we have companies that offshore their labor because they can enlist their governments in what amounts to c

twitter at max kaiser until next time ask either sent by all. if you're. going to take three. four charges three. three. three. three. three broke video for your media project c.e.o. don carty dot com. good afternoon and welcome to capital account i'm lauren lyster here in washington d.c. and we are on vacation you see we've been broadcasting since october so that means were a little overdue for a break but in that time and in just the last few months we've interviewed so many amazing guests from jim grant to mark father to jim rickards even joining me as a co-host and we've covered so many topics that are relevant on any given day whether it's the fed or the eurozone crisis so we put together some of our very best and most popular episodes from the last few months for your viewing pleasure and the time while we're off and you can look forward to all the new shows starting september fourth so mark your calendar and don't forget interviews can all be found in their entirety on our you tube channel you tube dot com slash capital account but for no

i max kaiser welcome back to the kaiser report time now to go to cincinnati and talk with catherine austin fitts katherine welcome back to the kaiser report max it's always a pleasure all right catherine austin fits item number seventeen of the g.o.p. platform states quote the war on drugs and the war on terror have become a single enterprise your thoughts well i think they've always been a sit single enterprise looking at it from the design standpoint of the people who are running the planet so if you look at this from what i call mr global's point of view i think the war on terror was designed to take the war on the drugs to next step in that and frankly the more interest never had anything to do with drugs in the first place so to me they've been single just you know the war on drugs had run out of political. decor and now you've just given it new energy and so now you're being more obvious about. but to me it was one in the same along right and the combined war really is the war on civil liberties i guess you could say and in the us i've met in a while but i understand you've got t.s.a

live from moscow in just three minutes financial guru max kaiser olds behind a week's major economic headlines and that's in the kind of report that's coming up . in the land of the no one should be proud of heaps of scrap metal littering pristine arctic landscape buildings still ting over their foundation pipes being black smoke over the snow covered peaks the traces of the soviet industrial activity on the ship is bergen archipelago don't make a. picture the guiding principle here is the worst the better that can do nine hundred eighty bearings work was a burgeoning mining community. was determined to maintain at all costs. halfway between north america and western europe the burden archipelago is part of norway but the special status that allows other countries to set up industrial bases here in the middle of the cold war it served as the us is ours westernmost outpost now it's one of the last preserved relics. picture of what would have happened to the soviet union if it was cut off from any financial support for two decades it's a curious site for western tourists and i think it

thank you all right that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert our thank my guests karl denninger of market ticker dot org is going to send me an e-mail please do at kaiser reported r t t v dot are you till next time ask either side by health.

time now for max and stace is a regular side to the people holding the purse strings that's the kaiser report coming up. max cars are now the global banking system is entering as end game of collapse states are going to london to enter the belly of the beast as it were we want front row seats as london the epicenter of global banking from finally ultimately collapses under the weight of its own fraud stacy ever max that's right we're heading into london where we'll try out some new ideas will put max keiser in the street where he might encounter some of these bank stars well have some more in studio guess we're going to try some new stuff with william bonzai seven all new studio but of course we will bring some protection from the london disease well we're actually we're launching a new cell retires or in a couple of weeks as well so that'll be great to fight the banks jurors face to face so this london disease features in this first headline max opinion bailed out banks facilitate twenty one trillion dollars of offshore cash hoard so this is investigative economist james henry in a re

welcome back to the kaiser report i'm max kaiser time now to go to new york and speak with reggie middleton boom bust blog dot com reggie middleton welcome back to the kaiser report. thank you very much if we approach would be better as always reggie you're one of the first to call facebook correctly in particular you question whether or not mark zuckerberg was the man to run a multibillion dollar company other financial media are now asking the same thing reggie gave us an update on facebook is this sucker going to zero. i don't think is going to zero because there are you know there's definitely some value in assets but. it's going to stay a much closer to zero than it is going to be to was is i.p.o. price if it was thirty dollars. no the issue of facebook was it was outrageously overpriced to begin with and the increase in price several times right before the i.p.o. even at the fundamental fundamental fair value that i told my parents was grabarz right before the i.p.o. i think things look a little worse now than it did then because there was already indication a facebook growth trend wa

stacey arbor tell us more max kaiser yes j.p. morgan and bank of america are leading the way on this first headline here big banks hide a risk transforming collateral for trade yes from next year we have the dodd frank rules coming in and that means that traders need to back their bets with u.s. treasury bonds or other top rated holdings so the problem is that the u.s. treasury bond market is ten point eight trillion dollars while the derivatives market is six hundred forty eight trillion dollars right right right right this is the collateral transformation scheme that's put forward by geithner and others is similar to the trans substantiation scheme that occurred oh i don't know five or six hundred years ago in the catholic church where they turned actually wafers into the bone of christ so you're taking basically something that is in a nerd object like an old toaster or a weed whacker or maybe some coloring books from tim geithner's grade school and you're saying this is collateral to back trillions of dollars worth of derivati

welcome back to the kaiser report i'm max kaiser time now to go to new york and speak with the reggie middleton boom bust blog dot com reggie middleton welcome back to the kaiser report. thank you very much if we approach would be better as always reggie you're one of the first to call facebook correctly in particular you question whether or not mark zuckerberg was the man to run a multibillion dollar company other financial media are now asking the same thing reggie gave us an update on facebook is this sucker going to zero. i don't think is going to zero because there are you know there's definitely some value in the assets but. it's going to stay a much closer to zero than it is going to be to was is i.p.o. price of it was thirty dollars. no the issue of facebook was it was outrageously overpriced to begin with and they increased the price several times right before the i.p.o. even that fundamental what i would consider a fundamental fair value that i told my pain subscribers right before the i.p.o. i think things look a little worse now than it did then because there was already i

i max kaiser welcome back to the kaiser report time now to go to cincinnati and talk with catherine austin fitts katherine welcome back to the kaiser report max it's always a pleasure all right catherine austin fitts item number seventeen of the g.o.p. platform states quote the war on drugs and the war on terror have become a single enterprise your thoughts well i think they've always been a single enterprise looking at it from the design standpoint of the people who are running the planet so if you look at this from what i call mr global's point of view i think the war on terror was designed to take the war on the drugs to next step in the in frankly the war in trucks never had anything to do with drugs in the first place so i to me they've been single on you just you know the war on drugs had run out of political spree decor and now you've just given it new energy and so now you're being more obvious about merging it but to me it was one in the same along right and the combined war really is the war on civil liberties i guess you could say and in the us i've met there a while but i under

welcome to the kaiser report i'm max kaiser are you a saver not a speculator throwing a bit depressed low rates got you down because. stacy yes max apparently they method is to save us by depressing the savers as low rates depress savers governments reap benefits so you know we have negative returns after inflation is accounted for across europe us asia and though bad for people trying to live off their savings low interest rates happen to be quite good for anyone borrowing money like governments themselves over time interest rates below the inflation rate allow governments to refinance a road or liquidate their debt making it easier to live within their budgets without having to resort to more unpalatable spending cuts or tax increases governments are able to borrow from themselves by a imposing policies like quantitative easing but simultaneously choking off credit to mortgages for small businesses they're choking the real economy to save the banks i mean that the way that this is being positioned is that although the lending window is open a bit is not open it's being architected i

welcome back to the kaiser report i'm max kaiser time now to going to niceville florida talk with karl denninger of market hyphen ticker dot org due to popular demand we've invited carl back on to finish where our last conversation ended which was on the topic of libertarianism karl denninger welcome back to the kaiser report thank you max ok now you wrote on your blog recently karl the unmourned victims are banks or politics so let's start with your thoughts for example on offshoring tell us about why this so-called free trade is not in fact genuine libertarian policy problem with offshoring as it is practiced use. is often asserted it's a function of free markets. no are we are not talking about a corporation that chooses to take its labor offshore because the people there are smarter are willing to work harder and therefore produce a superior product at a better price if that was the case that would be capitalism but that's not what's going on instead we have companies that offshore their labor because they can enlist their governments in what amounts to corrigan so we have for exam

stacy herbert tell us more max kaiser yes j.p. morgan and bank of america are leading the way on this first headline here big banks hide to risk transforming collateral for trade yes from next year we have the dodd frank rules coming in and that means that traders need to back their bets with u.s. treasury bonds or other top rated holdings so the problem is that the u.s. treasury bond market is ten point eight trillion dollars while the derivatives market is six hundred forty eight trillion dollars right right right right this is the collateral transformation scheme that's put forward by geithner and others it's similar to the trans substantiation scheme that occurred oh i don't know five or six hundred years ago in the catholic church where they turned actually wafers into the bone of christ so you're taking basically something that is in a nerd object like an old toaster or a weed whacker or maybe some coloring books from tim geithner's grade school and you're saying this is collateral to back trillions of dollars worth of deriv