max kaiser a welcome to the kaiser report george osborne chancellor of the exchequer you know the stuff of nightmares economically physically and literally yes georgie porgie you got fat bubble and fraud by and now you're scaring the population to death stacey yes max i find this an interesting headline to start as we have a obama reelected to the white house and you know in america it's very partisan and every side claims to be terrified of the other side's president winning but here people know you look at the treasury nobody in america is afraid of timothy geitner other than a few people in our audience so u.k. finance minister tops british nightmares finance minister george osborne is the public figure that most often appears in british nightmares a recent study has found gordon brown is number two max why that nightmare at number eleven downing street next door to number ten downing street where the chancellor hangs out this could be a fantastic horror film to do it as a tax dodge right here in the u.k. you make a really lousy film of george osborne play himself in this film and gi

i am max kaiser welcome to the kaiser report george osborne chancellor of the exchequer you know the stuff of nightmares economically physically and literally yes georgie porgie you got fat on bubble and fraud by and now you're scaring the population to death stacey yes max i find this an interesting headline to start as we have a obama reelected to the white house and you know in america it's very partisan and every. claims to be terrified of the other side's presidents winning but here people know you look at the treasury nobody in america is afraid of timothy geithner other than a few people in our audience so u.k. finance minister tops british nightmares finance minister george osborne is the public figure that most often appears in british nightmares a recent study has found gordon brown is number two max why not nightmare number eleven downing street next door to number ten downing street where the chancellor hangs out this could be a fantastic horror film if you do it as a tax dodge right here in the u.k. you make a really lousy film of george osborne play himself in this film

finance minister tops british nightmare's finance minister george osborne is the public figure that most often appears in british nightmares a recent study has found gordon brown is number two max why not nightmare at number eleven downing street next door to number ten downing street where the chancellor hangs out this could be a fantastic horror film if you do it as a tax dodge right here in the u.k. you make a really lousy film of george osborne play himself in this film and give the people of legitimate nightmare because i understand also that watching scary movies as you can lose weight and obesity here like elsewhere is a problem so you can kill two birds with one stone give the people exorcism away from the chancellor while losing weight at the same time what a great deal. well that's a killer med who is a spokeswoman for travelodge said suffering from nightmares that involve the chancellor money and losing a job are a true reflection of how the credit crunch and the double dip recession has affected our well being as well as our money it's a budgetary chainsaw massacre people are

max kaiser welcome to the kaiser report george osborne chancellor of the exchequer you know the stuff of nightmares economically firstly and literally yes george porgie you got fat on bubble and fraud by. why and now you're scaring the population to death stacey yes max i find this an interesting headline to start as we have a obama reelected to the white house and you know in america it's very partisan and every side claims to be terrified of the other side's presidents winning but here people know you look at the treasury nobody in america is afraid of timothy geithner other than a few people in our audience so u.k. finance minister tops british nightmares finance minister george osborne is the public figure that most often appears in british nightmares a recent study has found gordon brown is number two max why not nightmare number eleven downing street next door to them or ten downing street where the chancellor hangs out this could be a fantastic horror film if you do it as a tax dodge right here in the u.k. you make a really lousy film of george osborne play himself in this film

max kaiser a welcome to the kaiser report george osborne chancellor of the exchequer you know the stuff of nightmares economically first plate and a literally yes georgie porgie you got fat bubble and fraud by and now you're scaring the population to death stacey yes max i find this an interesting headline to start as we have a obama reelected to the white house and you know in america it's very partisan and every side claims to be terrified of the. other side's presidents winning but here people know you look at the treasury nobody in america is afraid of timothy geithner other than a few people in our audience so u.k. finance minister tops british nightmares finance minister george osborne is the public figure that most often appears in british nightmares a recent study has found gordon brown is number two max why not nightmare at number eleven downing street and start of number ten downing street where the chancellor hangs out this could be a fantastic horror film to do it as a tax dodge right here in the u.k. you make a really lousy film of george osborne play himself in this film a

you make a really lousy film of george osborne playing himself in.

saw massacre people over there eating old beings out of a can have a nightmares of george osborne care but are you just going to sit there and let this must devour their cocks just of your nation. they meant a double dip recession apparently is about to go into a triple dip recession it will be triple georgie porgie into the triple dip recession. is going to turn into a real horror film so people are afraid everywhere around the world they're afraid of the politicians they're afraid now of the treasury department here is a headline regarding this remarks and current developments in europe this is from dr andrea stone brain max a member of the executive board of the deutsche have been to spank and again here's the bank again coming out with a statement about the silly desire to see the german gold reserves he says please let me comment on the bizarre public discussion we are currently facing in germany on the safety of our gold deposits outside germany a discussion which is driven by irrational fears it's not irrational fear as like leading up to the election. romney had an eight percen

osborne cared are you just going to sit there and let this monster devour their trucks just of your nation. they meant a double dip recession apparently is about to go into a triple dip recession. to pull georgie porgie into that triple dip recession. is going to turn into a real horror film so people are afraid everywhere around the world they're afraid of the politicians they're afraid now of the treasury department here is a headline regarding this remarks and current developments in europe this is from dr andrea stone brain max a member of the executive board of the deutsche have been to spank and again here's the bank again coming out with a statement about the silly desire to see the german gold reserves he says please let me comment on the bizarre public discussion we are currently facing in germany on the safety of our gold deposits outside germany a discussion which is driven by irrational fears it's not irrational fear it's like leading up to the election. romney had an eight percent chance of winning all of the intelligent polling and statisticians had a bomoh winning wit

public borrowing jumps in below for chancellor the chancellor george osborne was dealt a major blow as the last figures before is crucial autumn statement showed borrowing was far higher than expected in october so max the u.k. government borrowed eight point six billion pounds compared with economists forecast of just six billion pounds which is what they borrowed last october so as you see it's a spiraling out of control situation here and it was most lead due to the lower corporate tax receipts because the economy is shrinking due to the scandals of the banks the four horsemen of the paper apocalypse royal bank of scotland lloyds h.s.b.c. and did i mention barclays so these are the four major protagonists in a tragedy called the killing of the u.k. economy and george osborne of course and you're and david cameron they're going to need the global market to buy their debt they need more debt to keep themselves afloat even though the country is going completely into a zombie state so what is cameron doing to euro the euro zone which could be a natural buyer of his debt he's saying no n

are putting bank stars out of business the problem david cameron and george osborne is that now one in ten companies over one hundred sixty thousand in the u.k. are some b.s. they're just being kept alive with free money from the bank of england they're just making interest paying. that they can make enough money to retire debt their zombies be apocalypse brought you by david going to george osborne but we're doing the hard work of putting the pictures this zombies just over spike. and it already has analysis of job cuts max announced by the twenty nine major banks showed that the layoffs were much bigger in europe and then in asia and the u.s. but particularly in the u.k. they said that is a particular blow to britain where the finance industry makes up roughly ten percent of the economy so now remember max over the years we've interviewed steve keen and he in particular talks about how much the financial sector should make up of your g.d.p. of your economy and that is four percent after that it becomes unstable so is this a bad thing that you know we're losing bankers so we have at l

public borrowing jumps in below for chancellor the chancellor george osborne was dealt a major blow as the last figures before as crucial autumn statement showed borrowing was far higher than expected in october. so max the u.k. government borrowed eight point six billion pounds compared with economists forecast of just six billion pounds which is what they borrowed last october so as you see it's a spiraling out of control situation here and it was most lead due to the lower corporate tax receipts but because the economy is shrinking due to the scandals of the banks the four horsemen of the paper apocalypse royal bank of scotland lloyds h.s.b.c. and the i mentioned barclays so these are the four major protagonists in a tragedy called the killing of the u.k. economy and george osborne of course and you're and david cameron they're going to need the global market to buy their debt they need more debt to keep themselves afloat even though the country is going completely into a zombie state so what is cameron doing to euro the euro zone which could be a natural buyer of his debt he's sayi

public borrowing jumps in below for chancellor the chancellor george osborne was dealt a major blow as the last figures before is crucial autumn statement showed borrowing was far higher than expected in october so max the u.k. government borrowed eight point six billion pounds compared with economists forecast of just six billion pounds which is what they borrowed last october so as you see it's a spiraling out of control situation here and it was most lead due to the lower corporate tax receipts because the economy is shrinking due to the scandals of the banks the four horsemen of the paper apocalypse. royal bank of scotland lloyds h.s.b.c. and the i mentioned barclays so these are the four major protagonists in a tragedy called the killing of the u.k. economy and george osborne of course and you're and david cameron they're going to need the global market to buy their debt they need more debt to keep themselves afloat even though the country is going completely into a zombie state so what is cameron doing to euro the euro zone which could be a natural buyer of his debt he's saying n

public borrowing jumps in below for chancellor the chancellor george osborne was dealt a major blow as the last figures before as crucial autumn statement showed borrowing was far higher than expected in october so max the u.k. government borrowed eight point six billion pounds compared with economists forecast of just six billion pounds which is what they borrowed last october so as you see it's a spiraling out of control situation here and it was most lead due to the lower corporate tax receipt. because the economy is shrinking due to the scandals of the banks the four horsemen of the paper apocalypse royal bank of scotland lloyds h.s.b.c. and i mention barclays so these are the four major protagonists in a tragedy called the killing of the u.k. economy and george osborne of course and you're and david cameron they're going to need the global market to buy their debt they need more debt to keep themselves afloat even though the country's gone completely into a zombie state so what is cameron doing to euro the euro zone which could be a natural buyer of his debt he's saying no no we d

osborne because the line thieving seaward that's what you do your fate is right in the immediate term. and we get to watch you're right there this is more amazing than the vietnam war used to watch those body bags on t.v. every night with walter cronkite going to watch these homeowners be taken out on stretchers yes now one of the advisors and the financier's of the conservative party of which david cameron and george osborne are members is crispin o'day the financier chris benoit a david cameron is not a leader doesn't understand power and doesn't use it how to use it he said well look at this financial collapse what you should do with this he says we have got to get the banks working again that means the end of bashing the bankers if there is no credit growth there is no economic growth the last time we were in a depression was the one nine hundred thirty s. and what got us that was cheap money we need a zero interest rate and the housing boom only explain why this guy. kristie o.d.u. whatever is cooking is crazy that must be a slave name or something that depth is bliss parents cou

osborne because the line thieving c. word that's what you do your faith is right in the immediate term. and we get to watch your right ear this is more amusing than the vietnam war used to watch those body bags on t.v. every night with walter cronkite going to watch these homeowners be taken out on stretchers yes now one of the advisors and the financier's of the conservative party of which david cameron and george osborne are members is crispin o'day the financier chris benoit a david cameron is not a leader doesn't understand power and doesn't use it how to use it he said well look at this financial collapse what you should do with this he says we have got to get the banks working again that means the end of bashing the bankers if there is no credit growth there is no economic growth the last time we were in a depression was the one nine hundred thirty s. and what got us out was cheap money we need a zero interest rate and a housing boom well only explain why the sky. christy odio whatever is cooking again is crazy tha

george osborne but we're doing the hard work of putting the benchers this zombies over spike. and it already is analysis of job cuts max announced by the twenty nine major banks showed that the layoffs were much bigger in europe and then in asia and the u.s. but particularly in the u.k. they said that is a particular blow to britain where the finance industry makes up roughly ten percent of the economy so now remember max over the years we've interviewed steve keen and he in particular talks about how much the financial sector should make up of your g.d.p. of your economy and that is four percent after that it becomes unstable so is this a bad thing that you know we're losing bankers so we have at least one hundred sixty thousand more to go before we even get anywhere near four percent of the economy here where it should be but as the article knows they are there are still new hires it's just that there is twice as many people being made redundant so let's look at one of the new hires here max lord mandelson wins role as the new ethical banker oh speaking of those lord mandels

osborne because it's a line thieving c. word that's what your faith is right in the immediate term. and we get to watch your right here this is more amusing than the vietnam war used to watch those body bags on t.v. every night with walter cronkite going to watch these homeowners be taken out on stretchers yes now one of the advisors and the financier's of the conservative party of which david cameron and george osborne are members is crispin o'day the financier chris benoit a david cameron is not a leader doesn't understand power and doesn't use it how to use it he said well look at this financial collapse what you should do with this he says we have got to get the banks working again and that means the end of bashing the bankers if there is no credit growth there is no economic growth the last time we were in a depression was the one nine hundred thirty s. and what got us out was cheap money we need a zero interest rate and a housing boom but only explain why the sky. christy o.d.u. whatever is cooking the name is crazy t

are putting banks out of business the problem david cameron and george osborne is that now one in ten companies over one hundred sixty thousand and the u.k. or some b.s. they're just being kept alive with free money from the bank of england they're just making interest payments that they can't make enough money to retire debt they're zombies is designed to be apocalypse brought you by david cameron and george osborne but we're doing the hard work of putting the pensioners those zombies the summer spike there's no hard. and there were eight years analysis of job cuts max announced by the twenty. major banks showed that the layoffs were much bigger in europe and then in asia and the u.s. but particularly in the u.k. they said that is a particular blow to britain where the finance industry makes up roughly ten percent of the economy so now remember max over the years we've interviewed steve keen and he in particular talks about how much the financial sector should make up of your g.d.p. of your economy and that is four percent after that it becomes unstable so is this a bad thing that yo

are putting bank stars out of business the problem david cameron and george osborne is now one in ten companies over one hundred sixty thousand and the u.k. or some b.s. they're just being kept alive with free money from the bank of england they're just making interest payments that they can't make enough money to retire debt they're zombies is designed to be apocalypse brought you by david cameron and george osborne but we're doing the hard work we're putting the pictures there's zombies the summer spike there's no hard. and there were others analysis of job cuts max announced by the twenty nine major banks showed that the layoffs were much bigger in europe and then in asia and the us. yes but particularly in the u.k. they said that is a particular blow to britain where the finance industry makes up roughly ten percent of the economy so now remember max over the years we've interviewed steve keen and he in particular talks about how much the financial sector should make up of your g.d.p. of your economy and that is four percent after that it becomes unstable so is this a bad thing th

osborne people and he's trying to say it's irrational fears like the german population are children and babies and should. you know be patted on the back by mommy and told that all is ok or gold is fine but he then goes on to say you can be assured that we are confident that our gold is in safe hands with with you and he's referring he's actually talking to the head of the new york federal reserve bank here he's saying we're we're confident and safe with you and then he goes the days in which hollywood germans such as garrett for obama better known as goldfinger and east german terrorist simon gruber masterminded gold heist in u.s. vaults are long gone nobody can seriously imagine scenarios like these which are reminiscent of a james bond movie with goldfinger playing the role of a us fed accounting clerk well it's something else interesting that people are starting to wake up about germany it was confirmed in today's editorial in the paper is that germany during this so-called crisis that they have remarkably benefited from here in the eurozone is cozying up to china russia and ira

osborne because it's a line thieving c. word that's what you do your faith is right in the immediate term. and we get to watch right here this is more amusing than the vietnam war used to watch those body bags on t.v. every night with walter cronkite going to watch these homeowners be taken out on stretchers yes now one of the advisors and the financier's of the conservative party of which david cameron and george osborne are members is crispin o'day the financier chris benoit a david cameron is not a leader doesn't understand power and doesn't use it how to use it he said well look at this financial collapse what you should do with this he says we have got to get the banks working again that means the end of bashing the bankers if there is no credit growth there is no economic growth the last time we were in a depression was the one nine hundred thirty s. and what got us that was cheap money we need a zero interest rate and a housing boom well only explain why the sky. kristie o.d.u. whatever is cooking is crazy that must

osborne because it's a line feeding c. word that's what your faith is right in the immediate term. and we get to watch right here this is more amusing than the vietnam war used to watch those body bags on t.v. every night with walter cronkite going to watch these homeowners be taken out on stretchers yes now one of the advisors and the financier's of the conservative party of which david cameron and george osborne are members is crispin o'day the financier chris benoit a david cameron is not a leader doesn't understand power and doesn't use it how to use it he said well look at this financial collapse what you should do with this he says we have got to get the banks working again that means the end of bashing the bankers if there is no credit growth there is no economic growth the last time we were in a depression was the one nine hundred thirty s. and what got us that was cheap money we need a zero interest rate and a housing boom well only explain why the sky. christy o.d.u. whatever is cooking is crazy that must be a sl

osborne because the line thieving seaward that's what you do your fate is right in the immediate term. and we get to watch your right ear this is more amusing than the vietnam war used to watch those body bags on t.v. every night with walter cronkite going to watch these homeowners be taken out on stretchers yes now one of the advisors and the financier's of the conservative party of which david cameron and george osborne are members is crispin o'day the financier chris benoit a david cameron is not a leader doesn't understand power and doesn't use it how to use it he said well look at this financial collapse what you should do with this he says we have got to get the banks working again that means the end of bashing the bankers if there is no credit growth there is no economic growth the last time we were in a depression was the one nine hundred thirty s. and what got us out was cheap money we need a zero interest rate and a housing boom well only explain why the sky. christy o.d.u. whatever is cooking is crazy that must be a slave name or something that depth is bliss parents couldn

are putting banks out of business the problem david cameron and george osborne is now one in ten companies over one hundred sixty thousand and the u.k. or some b.s. they're just being kept alive with free money from the bank of england they're just making interest payments that they can't make enough money to retire debt they're zombies is designed to be apocalypse brought you by david cameron and george osborne but we're doing the hard work we're putting the pictures this zombies just over spike. and there were others analysis of job cuts max announced by the twenty nine major banks showed that the layoffs were much bigger in europe and then in asia and the us but particularly in the u.k. they said that is a particular blow to britain where the finance industry makes up roughly ten percent of the economy so now remember max over the years we've interviewed steve keen and he in particular talks about how much the financial sector should make up of your g.d.p. of your economy and that is four percent after that it becomes unstable so is this a bad thing that you know we're losing bankers so

osborne because the line thieving seaward. dimitri is next with the business news after the break so russia pledges support to the euro dimitri that is absolutely correct bill because prime minister dmitry medvedev has said that russia would keep forty two percent of its national reserves in the euro believes in a strong euro and he was actually in paris to bless a major deal which is going on right now but so are russian companies really capitalizing on this really making the most of the crisis are they benefiting well apparently the looking for bargains in the finding them because russia railways is buying this logistics company from persia situ and it's supposed to be cheap i'll tell you all about that in a couple of minutes after the break thank you. parents versus social workers docu nabby pm last stop you can't meet me in that time kidnapping children have become a prize used to fight full why does the law or threaten families of the social order to see me in the form of a her right of willful minimal me faith in what th

george osborne has named the next governor to. connie connie the head they have given given a man who worked for goldman sachs for. access sort of printing press of the british pounds can you imagine that he'll be there all divinia with it won't be more quantitative easing being mauled by that sort of banks they told you this isn't going to change anything this isn't about reining in the banks soon about restructuring of banks this is about. so the artist taxidriver there was recognizing that not only would have more quantitative easing but we're also going to have less regulation but the mainstream media is saying like mark carney is great because the canadian economy is so great because of course their housing bubble has not collapsed the latest statistics show that vancouver for example is the second least affordable housing market on earth after hong kong so once that burst of course let's see if his reputation does the same thing as well alan greenspan says that is because right now they're saying he's as good as alan greensp

george osborne is named the next governor to think of england makani mark carney the head to have given them given a man who worked for goldman sachs for. access to a printing press of the british pounds can you imagine he'll be there all done divinia out with banks it won't be more quantitative easing. for the banks they told you this isn't going to change anything this isn't about reining in the banks this isn't about restructuring the banks this is about you know. so the artist taxidriver there was recognizing that not only would have more quantitative easing but we're also going to have less regulation but the mainstream media is saying like mark carney is great because the canadian economy is so great because of course their housing bubble has not collapsed the latest statistics show that vancouver for example is the second least affordable housing market on earth after hong kong so once that burst of course let's see if his reputation does the same thing as well alan greenspan says that's because right now they're saying he's as good as alan greenspan was during his heyday but let

osborne is that now one in ten companies over one hundred sixty thousand in the u.k. are zombies.

george osborne has named the next governor to frank connie connie the head of they have given them have given a man who worked for goldman sachs for financing you access to a printing press of the british pounds can you imagine that he'll be there all done divinia out with banks it won't be more quantitative easing. for the banks they told you this isn't going to change anything this isn't about reining in the banks soon about restructuring of banks this is about. so the artist taxidriver there was recognizing that not only would have more quantitative easing but we're also going to have less regulation but the mainstream media is saying like mark carney it's great because the canadian economy is so great because of course their housing bubble has not collapsed the latest statistics show that vancouver for example is the second least affordable housing market on earth after hong kong so once that burst of course let's see if his reputation does the same thing as what alan greenspan says that is because right now they're saying he's as good as alan greenspan was during his heyday but let

george osborne has named the next governor to frank giving them our. mark carney the head to have given them have given a man who worked for goldman sachs for. access said a printing press of the british pounds can you imagine he'll be there all he'll be divinia out with a bang and well there'll be more quantitative easing. for the banks they told you this isn't going to change anything this isn't about reining in the banks this isn't about restructuring the banks this is about. so the artist taxidriver there was recognizing that not only would have more quantitative easing but we're also going to have less regulation but the mainstream media is saying like mark carney it's great because the canadian economy is so great because of course their housing bubble has not collapsed the latest statistics show that vancouver for example is the second least affordable housing market on earth after hong kong so once that burst of course let's see if his reputation does the same thing as well alan greenspan says that is because right now they're saying he's as go

of the country goes up to bail out george osborne this quarter so we have more bankers in the news and this is a female banker in spain the bank banker who didn't understand anything a former director of the banking giant who's implosion for spain to seek a hundred billion euro bank bailout has admitted she doesn't know anything about finance. her name max is mercedes rowe who is scared oh who is paid three hundred seventy four thousand euros by bank and twenty eleven and she said in testimony before criminal court in madrid that she had qualifications in chemistry nothing she didn't know anything about banking so don't sue her for the she's being honest and she's representative of the industry if you gave a simple task to bankers in the city of london or around the world for example asking a simple question like what's the relationship between bond prices of interest rates ninety five percent of those in the industry would not be able to answer that question and ask them what a short sell is ninety five percent is you have no idea how to answer that question asked want to make it shor

macs kaiser welcome to the kaiser report george osborne chancellor of the exchequer you know the stuff of nightmares economically physically and literally yes georgie porgie you've got fat bubble and fraud by and now you're scaring the population to death. yes max i find this an interesting headline to start as we have a obama reelected to the white house and you know in america it's very partisan and every side claims to be terrified of the other side's president winning but here people know you look at the.

of the country goes up to bail out george osborne this quarter so we have more bankers in the news and this is a female banker in spain the bank banker who didn't understand anything a former director of the banking giant who's implosion for spain to seek one hundred billion euro bank bailout has admitted she doesn't know anything about finance. her name max is mercedes rowe who is scared oh who is paid three hundred seventy four thousand euros by bank and twenty eleven and she said in testimony before criminal court in madrid that she had qualifications in chemistry nothing she didn't know anything about banking so don't say who are. the she's being honest and she's representative of the industry if you gave a simple task to bankers in the city of london or around the world for example ask them a simple question like what's the relationship between bond prices of interest rates ninety five percent of those in the industry would not be able to answer that question and ask them what a short sale is ninety five percent industry would have no idea how to answer that question asked want to

osborne because it's a life saving seaward. several human rights groups have condemned the drone war favorable book to be produced by barack obama it will outline policies to justify the use of unmanned craft targeted drone attacks a tactic widely used under the current us leader despite killing mostly civilians and retired colonel morris davids told our t. drones that come put an end to terror don't have just a drone program we have drone programs and we have a military program is governed by the law of war and international law and then we have this other program governed run by the cia which is a civilian agency that i'm not aware of what any internationally recognized legal authority for a civilian agency to go overseas and kill you know a war on terror is a war without end because you're really a war on a tactic not on a group of people so you know terror can't surrender so be fighting this war for you no longer has been the argument you know since nine eleven that the president is the commander in chief has unilateral aut

osborne because the line thieving c. word. moscow police parenting are bracing for nationalists riots and even the sentencing . champion who caused the death of a student in a fight joining me live all right off of the details is often not to see why is a concern that this case could lead to nationalist gatherings. by their will or sooners i have who's the m.m.a. fighter who is accused of killing a nineteen year old moscow born student was released from the court today or from prison today after serving about fifteen months behind bars now he is from dog a stun and a lot of people here have concerns that his release would essentially spark the same types of riots that we saw in the very same place where i'm standing right now and yes ma'am plaza two years ago where a very similar case or it was somewhat similar case took place there was an ethnic russian just killed by somebody from the north caucuses and a lot of the nationalist group stepped out here they came here in the thousands there was massive clashes a lot of ar

george osborne has named the next governor to. connie connie the head they have given to them given a man who worked for goldman sachs for. access sort of printing press of the british pounds can you imagine he'll be there all he'll be divinia out with banks it won't be more quantitative easing. the banks they told you this isn't going to change anything this isn't about reining in the banks this isn't about restructuring the banks this is about. so the artist taxidriver there was recognizing that not only would have more quantitative easing but we're also going to have less regulation but the mainstream media is saying like mark carney it's great because the canadian economy is so great because of course their housing bubble has not collapsed the latest statistics show that vancouver for example is the second least affordable housing market on earth after hong kong so once that burst of course let's see if his reputation does the same thing as well alan greenspan says that's because right now they're saying he's as good as alan g

osborne having first class and a train with the wrong take it is it that you think that even the person who holds the second most important state post in the country should be travelling out of an apex if you say no not so on care less if you try was first loss of. so it's on members working a first class that's not the issue the issue was the why you that you spoke to the member of style and save you know i am always i did say that you know i am you know i'm busy following a busy. person said wallace both together were on his boat together the various everyone else thank you very much thank you. i. if. russia would be soo much brighter if you knew about someone from phones to pressure in some. news for instance on t.v. dot com. parents versus social workers docu net being the last stop on any that damn good many children have become prizes to fight for why does the last threaten families the social for it to see in the form of the right of will for minimal favor they have any. suspicion about the morphing of your children are often a just better at bringing up kids than their own mom a

osborne occasionally watches the show my understanding to pick up on some of the things he missed out when he was there. so tell him what the differences such as the deficit is of be the amount of extra mag you're borrowing each year the debt is the total amount you're owing and then forcing the u.k. all the perception is that the government is actually the possession of many people and they're reducing the debt not to they're not reducing the debt the deficit which was jus to come down this current financial year to about ninety two billion pounds well the latest projections are it's going to be one hundred twenty maybe a hundred thirty up on last year so it's not known as the debt not going down the deficit is going back up and we're going to be. about as a government one trillion pounds that's jew on their full cost forecast to go to one and a half trillion in three years as a percentage g.d.p. that represents well that will go at the moment we're on about two thirds of g.d.p. it's going to go up to like america by about three years it will be one hundred percent of g.d.p. ok that'

george osborne is named the next governor to. mark carney the head to have given them given a man who worked for goldman sachs but seeing you access sort of printing press of the british pounds can you imagine he'll be there all day you'll be divinia out with banks it won't be more quantitative easing by that sort of banks they told you this isn't going to change anything this isn't about reining in the banks soon about restructuring of banks this is about. so the artist taxidriver there was recognizing that not only would have more quantitative easing but we're also going to have less regulation but the mainstream media is saying like mark carney it's great because the canadian economy is so great because of course their housing bubble has not collapsed the latest statistics show that vancouver for example is the second least affordable housing market on earth after hong kong so once that burst of course let's see if his reputation does the same thing as well alan greenspan says that is because right now they're saying he's as g

osborne because it's a life saving c. word. several human rights groups have condemned the droid wolf a rule book a t.v. produced by barack obama it will outline policies to justify the use of unmanned crop targeted drone attacks on a tactic wildly used under the current u.s. leader despite killing mostly civilians and retired colonel morris davis told drones can't put an end to terror don't have just a drone program we have drone programs and we have a military program is governed by the law of war and international law and then we have this other program governed run by the cia which is a civilian agency that i'm not aware of what any internationally recognized legal authority for a civilian agency to go overseas and kill you know a war on terror is a war without end because it's really a war on a tactic not on a group of people so you know terror can't surrender so we'll be fighting this war for you know the longer we live it has been the argument you know since nine eleven that the president is the commander in chief

osborne occasionally watches the show my understanding to pick up on some of the things he missed out when their. party at eton so tell him what the difference is such as the deficit disappear the amount of extra mag you're borrowing each year the debt is the total amount you're owing and then forcing the u.k. although the perception is that the government is actually the possession of many people and they're reducing the debt not to they're not reducing the debt the deficit which was jus to come down in this current financial year to about ninety two billion pounds well the latest projections are it's going to be one hundred twenty maybe a hundred thirty up on last year so it's not known as the debt not going down the deficit is going back up and we're going to be. about as a government one trillion pounds that's juwan there for cost forecasts to go to one and a half trillion in three years as a percentage g.d.p. that represents well that will go at the moment we're on about two thirds of g.d.p. it's going to go up to like america by about three years it will be one hundred percent o

of the country goes up to bail out george osborne this quarter so we have more bankers in the news and this is a female banker in spain the bank banker who didn't understand anything a former director of the banking giant who's implosion for spain to seek one hundred billion euro bank bailout has admitted she doesn't know anything about finance. her name max is mercedes rowe who is scared oh who is paid three hundred seventy four thousand euros by banking and twenty eleven and she said in testimony before criminal court in madrid that she had qualifications in chemistry nothing she didn't know anything about banking so don't sue her for the she's being honest and she's representative of the industry if you gave a simple task to bankers in the city of london or around the world for example ask them a simple question like what's the relationship between bond prices and interest rates ninety five percent of those in the industry would not be able to answer that question and ask them what a short sale is ninety five percent industry we have no idea how to answer that question as to what a

osborne occasionally watches the show my understanding to pick up on some of the things he missed out when he out there. so tell him what the differences such as the deficit disappear the amount of extra mag you're borrowing each year the debt is the total amount you're owing and then forcing the u.k. all the perception is that the government is actually the possession of many people and they're reducing the debt not to they're not reducing the debt the deficit which was jus to come down this current financial year to about ninety two billion pounds well the latest projections are it's going to be one hundred twenty maybe a hundred thirty up on last year so it's not known as the debt not going down the deficit is going back up and we're going to be. about as a government one trillion pounds that's jew on there for cost forecasts to go to one and a half trillion in three years as a percentage g.d.p. that represents well that will go at the moment we're on about two thirds of g.d.p. it's going to go up to like america by about three years it will be one hundred percent of g.d.p. ok that

of the country goes up to bail out george osborne this quarter so we have more bankers in the news and this is a female banker in spain the bank banker who didn't understand anything a former director of the banking giant who's implosion for spain to seek a hundred billion euro bank bailout has admitted she doesn't know anything about finance. her name max is mercedes rowe who is scared oh who is paid three hundred seventy four thousand euros by bank and twenty eleven and she said in testimony before criminal court in madrid that she had qualifications and chemistry nothing she didn't know anything about banking so don't say who are. the she's being honest and she's representative of the industry if you gave a simple task to bankers in the city of london or around the world for example ask them a simple question like what's the relationship between bond prices of interest rates ninety five percent of those in the industry would not be able to answer that question and ask them what a short sale is ninety five percent industry we have no idea how to answer that question asked want to mak

osborne having first class and a train with the wrong take it is it that you think that even the person who holds the second most important state post in the country should be travelling out of an apex if you say no not so on care less if you travel. so it's on members working a first class that's not the issue the issue was the why that you spoke to the member of style and say you know i'm always i'd say that you know i'm you know i'm busy. busy. person said together together the various everyone else thank you very much thank you. you know 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 everything you thought you knew you don't know i'm sorry welcome to the big picture. it was not the military x. army announced today it signed a new contract with the unit of the huge contract. it was not the operation to secure and rebuild the devastated country caliber company field taxpayers for its contract work in iraq. it was the campaign for making billions of dollars. on recyclable and ho

of the country goes up to bail out george osborne this quarter so we have more bankers in the news and this is a female banker in spain the bank banker who didn't understand anything a former director of the banking giant who's implosion for spain to seek one hundred billion euro bank bailout has admitted she doesn't know anything about finance. her name max is mercedes rowe who is scared oh who is paid three hundred seventy four thousand euros by bank and twenty eleven and she said in testimony before criminal court in madrid that she had qualifications in chemistry nothing she didn't know anything about banking so don't sue her for the she's being honest and she's representative of the industry if you gave a simple task to bankers in the city of london or around the world for example ask them a simple question like what's the relationship between bond prices of interest rates ninety five percent of those in the industry would not be able to answer that question and ask them what a short sale is ninety five percent industry we have no idea how to answer that question asked what a nake

osborne occasionally watches the show my understanding to pick up on some of the things he missed out there. so tell him what they differences such as the deficit to simply the amount of extra mag you're borrowing each year the debt is the total amount you're owing and then forcing the u.k. all the perception is that the government is actually the possession of many people and they're reducing the debt not to they're not reducing the debt the deficit which was due to come down in this current financial year to about ninety two billion pounds well the latest projections are it's going to be one hundred twenty maybe a hundred thirty up on last year so it's not known as the debt not going down the deficit is going back up and we're going to be. about as a government one trillion pounds therefore cost forecast to go up to one and a half trillion in three years as a percentage g.d.p. that represents well that will go at the moment we're on about two thirds of g.d.p. it's going to go up to like america by about three years it will be one hundred percent of g.d.p. ok that's not including of

osborne but we're doing the hard work of putting the bankers those zombies just over spike. and analysis of job cuts max announced by the twenty nine major banks showed that the layoffs were much bigger in europe and then in asia and the u.s. but particularly in the u.k. they said that is a particular blow to britain where the finance industry makes up roughly ten percent of the economy so now remember max over the years we've interviewed steve keen and he in particular talks about how much the financial sector should make up of your g.d.p. of your economy and that is four percent after that it becomes unstable so is this a bad thing that you know we're losing bankers so we have at least one hundred sixty thousand more to go before we even get anywhere near four percent of the economy here where it should be but as the article knows they are there are still new hires it's just that there's twice as many people being made redundant so let's look at one of the new hires here max lord mandelson wins role as the new ethical banker oh speaking of those lord mandelson hoho from to

of the country goes up to bail out george osborne this quarter so we have more bankers in the news and this is a female banker in spain the bank banker who didn't understand anything a former director of the banking giant who's implosion for spain to seek one hundred billion euro bank bailout has admitted she doesn't know anything about finance. her name max is mercedes rowe who is scared oh who is paid three hundred seventy four thousand euros by bank and twenty eleven and she said in testimony before criminal court in madrid that she had qualifications and chemistry nothing she didn't know anything about banking so don't say who are for the she's being honest and she's representative of the industry if you gave a simple task to bankers in the city of london or around the world for example ask them a simple question like what's the relationship between bond prices of interest rates ninety five percent of those in the industry would not be able to answer that question and ask them what a short sale is ninety five percent industry we have no idea how to answer that question as to what a