welcome back to the kaiser report i'm max kaiser time now to go to upstate new york someplace called saratoga and talk with james howard kunstler author of several blogs and clipping the long emergency and world made by anna james howard kunstler welcome back to the kaiser report i am ex nicea all right james according to your most recent blog post you have dumped some of your treasury bill i sense there's a story here tell us tell us about it well i just got kind of nervous about you know you wasn't the idea that they were going to lose value overnight or you know that i was going to be stuck with worthless paper necessarily i was getting a little concerned that the banking system was maybe going to freeze up and that we would just see a lot of sort of problems and obstructions in banking right so this is interesting because a treasury bill is considered to be really indestructible in terms of its credit worthiness it's the basis upon which the entire u.s. economy is built. it's the basis upon which the entire global economy is built if you consider the fact that the u.s. dollar is

max kaiser stacy herbert this is the kaiser report let's talk about my oh tony a con general. do you know what that is we're going to find stacy ever exactly max i officially have a diagnosis for the fainting traders of wall street the same thing traders of wall street do continue you know the markets have been up and down up and down up and down while the over the last two weeks well it made me think of the fainting goats of tennessee domestic griese of goats in america which have a genetic disorder called my attorney a congenital which is when startled younger goats will stiffen him fall over a soup see from this image here they just fall over and freeze for ten seconds pleading that they don't care if they get up and start walking again like normal like nothing happened but this is what we see in the markets still hot how do you apply the fainting goats of north carolina to what we see in the marketplace well i think it's a genetic disorder so i think we see inbreeding in the financial markets this is the first headline max wall street aristocracy got one point two trillion

r t t v are you until next time this is max kaiser saying bio. breaking news from libya rebel forces have entered the compound of moammar gadhafi in tripoli the opposition claims to be in control of most of the capital however the whereabouts of the libyan leader remain unknown meanwhile cut off the address to the nation deal radio and says leaving his compound was a tactical move at present some bubbles are on the square from where he used to give speeches. the u.n. steps up pressure on syria ordering an investigation into possible rights violations during the crackdown on anti-government protests. police arrested a man suspected of masterminding the murder of renowned russian journalist political sky. and all charges are dropped against former international monetary fund chief dominique strauss kahn who had been accused of sexually assaulting a hotel maid.

by max kaiser this is the kaiser report. stacy herbert apparently the vampire squid is back to devour us and only an alien invasion force can save us stacy herbert yes max well the global financial deflationary collapse that continues to this day almost three years later apparently only inflation can save us and placed in is impossible by the central banks the only thing that could stop it is here is paul krugman if we discovered that space aliens were planning to attack and we needed a massive build up to counter the space alien threat and really the budget deficit took secondary place to that. this slump would be over in eighteen months twilight zone economics so paul krugman over there the new york times all of the stimulus package the work ready shovel ready the solutions all failed and he's calling on an invasion from outer space to rally the economy to overcome what is essentially still bad behavior in the banks yeah and max you know you read the front page of the financial times and there's no more bunkers than an ali

max kaiser this is the kaiser report wait a minute before we get started i'm going to make a prediction based on this debt ceiling to back all and the suggestion that the pentagon would have to get some cuts per today's financials i am predicting false flag terror attack in the next ninety days because remember you can't cut the military budget in america because let's america without a military budget that exceeds all other military budgets of every country around the world but get all the other great top story stacy herbert franks that's all we have left false flag attacks finance films flag false flag so the first headline max groups says debt deal fails to make significant dent in deficit so this is bill gross the fund manager for the largest country in front of the world he says in addition to an existing nearly ten trillion dollars outstanding treasury debt the u.s. has a near unfathomable sixty six trillion of future liabilities and present cost so he's saying that the debt deal that's been done does nothing to address it there still needs to be trillions more in cuts but also ta

report thanks max all right that's going to do it for this edition of the kaiser report with me max kaiser stacy herrick our thank my guest and collins if want to send me an e-mail please do so or pass a report in our to. argue until next time with a mascot or something by elf. home. from. them.

report thanks max all right that's going to do it for this edition of the kaiser report with me max kaiser stacy herbert i would like my guest dan collins is going to send me an e-mail please do so at kaiser reporting r t t v are you until i sign this of my scotch or something.

max kaiser i'm facing her for this is the kaiser report today states you're going to be talking a lot about risk and all of its forms tell us. as i go alone but still tell the people what you've got over there ok well let's start with the first headline max because that has risk in the actual headline t. bills no longer considered risk free by chicago mercantile exchange c.m.e. group announced monday that as part of a normal review of market volatility they claim it is determined that t. bills should no longer be treated as a grist cre when used as collateral haircuts on t. bills will rise from zero point zero percent to point five percent and. let's talk about this for a moment treasury bills you say when you have them in your portfolio and you use them as collateral you can borrow against them one hundred cents on the dollar and this is interesting because if you remember going back to the construction of collateralized mortgage obligations what they did was they created collateralized mortgage obligations as a way to skirt the margin requirements set up by basil in switzerland that

welcome back to the kaiser report i'm max kaiser time now to go to san francisco in talk. richard heinberg author of many box including as late as the end of growth richard welcome to the kaiser report good to be with you mix all right richard heinberg markets around the world are once again volatile once again credit is a vapid reigning tell south energy place and to have a chaotic peak debt scenario well you know economic activity ultimately depends on energy and raw materials we tend to forget that we think money makes the world go round but really when you get right down to it it's it's energy and raw materials so we've benefited from extraordinarily cheap concentrated energy sources for many decades really since the start of the industrial revolution but we've been extracting them using the low hanging fruit principle so even though there are still lots of oil coal and natural gas left in the ground. we're going toward lower and lower grade resources all the time that means more and more investment capital is needed in exploration and production. and that means the co

and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert and with my guest catherine austin fits if you want to send me an e-mail please do so at kaiser report at r t t v are you until next time this is max keiser saying bio. oh. the. rebel forces have entered the compound of moammar gadhafi in tripoli the opposition that claims to be in control of most of the capital however the whereabouts of the libyan leader were main unknown meanwhile gadhafi has addressed in the nation the radio and says that leaving his compound was a tactical move. the u.n. steps up pressure on syria ordering an investigation into possible whites violations during the crackdown on anti-government protests. police arrest a man suspected of masterminding the murder of we're now into russian journalist on a police call sky. and all charges are dropped against former international monetary fund chief dominique strauss kahn who had been accused of sexually assaulting a hotel maid. now as the conflict in libya continues to unfold we go to our washington.

welcome back to the kaiser report i'm max kaiser there i am on the glorious west side of manhattan here to witness firsthand the collapse of the american dollar the american empire the american belief system they american dream it's all crashing in real time right here on the west side of manhattan let's go down to the newsroom and check in once again stacy herbert and stacey hey max actually we you were due to speak to a guest in shanghai and you were going to talk about the red back but perhaps china is not ready to take over the world because apparently their internet system actually isn't up to steam well that's an interesting point about stacy about china's rise to power is that they have done so on the back of a loser a project known as ghost cities so the government has engaged in shovel ready projects as barack obama might call them building skyscrapers in villages and towns and cities that nobody lives in the cities but it looks like they're generating g.d.p. growth meanwhile they're beholden to america through the relationship with the u.s. dollar and now the u.s. dollar is cr

and that's going to do it for this edition of the kaiser report with me max kaiser and stacey harmer my guest richard heinberg if you want to send me an e-mail please do so at kaiser report r.t. t.v. dot ru until next time that's the max guys are saying by all. and broadcasting live from the heart of moscow this is r t i'm sean thomas what have you with us british courts are cracking down on rioters with some stiff sentences but human rights groups accuse judges of overreacting by handing down overly severe penalties to young men have been given four year sentences for posting what they said was a joke message on facebook calling for people to lose their hometown. european leaders and of the u.s. issues strong statements calling on syria's president assad to step down just as he announces a halt to all military operations in the country and of the u.n. is preparing to call on the international criminal court to investigate regimes lethal crackdown on protesters. israel launches an air.

right now is going to do it for this edition of the kaiser report with me max kaiser and stacy herbert and with my guest catherine austin fits if you want to send me an e-mail please do so at kaiser report at r t t v are you until next time this is back guys are saying bye. one of khadafi sons considered by many as his father's successor appears in tripoli in front of supporters despite rebel claims he had been detained when they stormed the city and to go that's added to the confusion over who was in control of the capital it was both government and insurgent forces insisting the upper hand. also downs were cast over whether a rebel victory would actually leave the libyan people and control their destiny as x. birds points to the egyptians were those who fought for the revolution and adopted the governments they didn't choose and. even before the fate of tripoli is sealed great oil grab is already beginning. as western oil companies started circling around the violent storm country concerns itself as the so-called battle for democracy wasn't working for black gold all along.

hi welcome back to the kaiser report i'm max kaiser let's go to tennessee and talk with catherine austin fitz who served in the george h.w. bush administration catheters also a former banker and is now an investment advisor and blogger at the so laurie dot com catherine fitts welcome back to the kaiser report mary it's great to be back all right catherine also fits first meant to be in the latest rolling stone asks is the f.c.c. covering up wall street crimes your thoughts. yes because actually no make model is a criminal motto so of course they're covering up crimes they have to ok so you say the economic model is a criminal model explore that a little bit in other words the banking system itself is basically a glorified part of these game correct well we have an economy that sippin unworn organized crime in and you know part of the profit so that organized crime is part of which keeping the whole economy going it's not just the banking system it's every community in america so if let me give it this way if the united nations says we're competing for four hundred billion dollars a year

and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert and with my guest catherine austin fits if you want to send me an e-mail please do so at kaiser report at r t t v are you until next time this is max kaiser saying by. mine. would be soon which brightened if you knew about suzy from plans to parachute some. nice cruise stunts on t.v. dot com. breaking news in from libya moammar gadhafi his compound in tripoli falls into rebel fighters but the colonel's whereabouts are unknown ensured surgeons say they are in control of most of the capital but pockets of resistance still remain. secret assistance british intelligence has reportedly planned to be endgame for gadhafi regime guiding the rebels in their final push on tripoli. eager new oil giants walked back to libya on a red carpet laid down by a self-proclaimed new government hema to reward those who helped oust gadhafi. police arrested a man suspected of masterminding the murder of renowned russian journalist on the police told sky. and all charges are dropped against former internation

max kaiser this is the kaiser report check it out jet loam. we went to new york city and they downgraded america s. and p. did immediately as we told you they would others doubted us but we guaranteed it and now we're back in france and guess what. stacey herbert tell us more well max i'll tell you the headline as soon as max kaiser arrives in france to pull a read france may be vulnerable to downgrade following cut to the u.s. yeah well there's a tremendous ripple effects of thing with this downgrade because the u.s. dollar is course connected to the u.s. treasury bond market and it's connected to the thigh bone connected to the hip bone connected to the foot bone connected to the yeah baby it's all connected so to downgrade you start to pull the thread on the u.s. dollar the whole kit and caboodle gets unraveled yeah you all might also say however that it's own related to s. and p. itself and moody's and fitch because the u.s. and france are in such bad shape due to all the so-called aaa rated collateralized debt obligations and other credit

report thanks max all right that's going to do it for this edition of the kaiser report with me max kaiser as they see here at our site my guest and collins if want to send me an e-mail please do so i pass a report of our team argue until next time this is a nice conversation by all.

stacey herbert tell us more well max i'll tell you the headline as soon as max kaiser arrives in france to pull a reeded france may be vulnerable to downgrade following cut to the u.s. yeah well there's a tremendous ripple effects are thing what this downgrade because the u.s. dollar is course connected to the u.s. treasury bond market and it's connected to the thigh bone connected to the hip bone connected to the foot bone connected to the yeah baby it's automatic that it's only downgraded start to pull the thread on the u.s. dollar the whole kit and caboodle gets on ravel yeah you all might also say however that it's all related to s. and p. itself and moody's and fitch because the u.s. and france are in such bad shape due to all the so-called aaa rated collateralized debt obligations and other credit derivatives that s. and p. allowed to be rated aaa and then these country's banks bought these toxic debt yeah that's an interesting part of the history isn't it you know during the period leading up to the financial crisis the selling of collateralized debt obligations c.d.o. zas their

max kaiser stacy herbert you know i mean. what is the root cause behind all these riots stacey herbert shows more the riots in the street i might add and the riots in the markets headline reads quantitative easing is good for the rich bad for the poor quantitative easing the bank of england's recession busting policy of buying a billions of pounds of bonds may have contributed to social unrest by exacerbating inequality according to one city economist because they missed diagnose the problem back in two thousand and eight they felt that there was a liquidity problem in the markets instead of an insolvency problem at the big banks max they misdiagnosed it to the public this is what they told the public because the evidence suggests that q.e. cash ends up overwhelmingly in profits thereby exacerbate an already extreme income inequality and the consequent social tensions that arise from it and you also point out that real wages adjusted for inflation have fallen in both the u.s. and u.k. they've risen in germany which has not ap

and that's going to do it for this edition of the kaiser report with me max kaiser and stacey harmer my guest richard heinberg if you want to send me an e-mail please do so at kaiser report r t t v are you at all next time with a mask guys are saying by all. fifteen to twenty million years for the planet to recover from a major extinction event but the planet has time we don't. it's been going on for months twenty twenty five years and since the eco terrorists before there was even islamic fundamentalist terrorist in this country when a nine eleven happened the bush administration could not find any terrorists because the feds couldn't find any real terrorists they decided to take these young people who were accused of property sabotage and label them as terrorists someone he'll destroy his property. with absolutely zero intention of harming a single human being. in my mind is not. real people who work in this country are the housewives who recycle. and the children who plant trees on the weekend with their. troops that's the. sound. of. mission. couldn't take free. free. free. free.

actually and that's going to do it for this edition of the kaiser and for with me max kaiser the effect stacey herbert if you want to send me an e-mail please do so at kaiser reporting r t t v are you until next time this is max and i were saying by.

that's going to do it for this edition of the kaiser report with me max kaiser and stacey harmer my guest richard heinberg if you want to send me an e-mail please do so at kaiser report r t t v are you until next time that the mass guys are saying buy out. and welcome back broadcasting live from the heart of moscow this is our. have you with us the. british courts down on rioters with stiff sentences but human rights groups accusing judges of overreacting by handing down overly severe penalties to young men who said they were just joking with a facebook message calling on locals to loot their hometown were given four years in jail for incitement. european leaders and the us issues strong statements calling on syria's president assad to step down just as he promises a halt on all domestic military operations and of the un to send a humanitarian mission to assess the extent of the government's crackdown on protesters.

that's going to do it for this edition of the kaiser apart with me max kaiser and stacey harmer my guest richard heinberg if you were to send me an e-mail please do so at kaiser report r.t. t.v. are you at all next time with a mac. skies are saying by all. two men are locked up in britain for attempting to incite riots using facebook human rights groups are accusing the ports of being too top. top flight trade at the international air show in moscow and the nerves of steel for russia's premier pilots as they take our tea on the white knuckle ride. we hear the syrian voices who are glad to see the army move into their towns even as rights activists accuse the syrian government of atrocities against protesters. who are welcome to you live from our headquarters in so.

and that's going to do it for this edition of the kaiser report with me max kaiser the effect stacey herbert if you want to send me an e-mail please do so as reported r t t v r us all next on this is max keiser saying.

of the kaiser report with me max kaiser and stacy herbert i want to thank my guest terry bull you want to send me an e-mail please do so at kaiser report of r t t v dot are you it's all next on the subject guys are saying by all. means we're. just. welcome back this is all see they have. london's engulfed in violence for the third night as riots please try to control what the government calls a shared criminality the rest is also reported to have spread to britain second largest city babbling and authorities say a peaceful protest against the deadly police shooting of a twenty nine year old man was by troublemakers. that sinking feeling in u.s. stocks and deep champagne the first trading session after america's credit rating downgrade and says euro zone debt continues to wreak havoc with investors fearing it's a me and spain could be the next economist to pay this despite president obama and the european central bank is trying to reassure the vulcans. are three years after georgia has a type of song to set a remembrance ceremonies are held for the victims of the conflict which will to

the kaiser report with me max kaiser and stacy herbert i want to thank my guest terry bull we want to send me an e-mail please do so at kaiser report of r t t v dot are you it's all next on the subject causing by all. the official. called touch from the. video. feed now in the palm of your. this is healthy coming to my school to. london for potheads friends grad night surprise please try to control what the government calls the brain will. then rest has spread to the bombing and medical center for the hospitals and also the fact associates who practiced again demonstrating a narrow mind most high. by troublemakers and more than two hundred people have the new system and. also that same kind of feeling in the u.s. stocks and champlain divides trading session to america's credit rating downgrade this as euro zone debt continues to wreak havoc with invested spearing italy and spain could be the next economies to fail this despite president obama and european central banks trying to reassure them all. three years after georgia has a time i can solve to set a remembrance ceremonies that.

of the kaiser report with me max kaiser and stacy herbert i want to thank my guest terry bull we want to send me an e-mail please do so at kaiser report of r t t v dot are you it's all next on the selectors and bio. is complete each. leg and this is a picture of the headlines of her fiance. rising breaks out in central and northern england since eighteen thousand police had deployed in the british capital and made fears that london will face a fourth night of riots and six hundred people have been arrested so far with that number expire expected to. increased with the release of large numbers of c.c.t.v. pictures of wrong answers and communities around the country using social media to organize groups to protect property and businesses and clean up after the fall of the. u.s. markets recover their losses in a turbulent day of trading despite a response to federal and now it's meant to lower than expected economic growth the federal reserve says it will keep interest rates at record lows for the next two years to calm investors china households and global action to stabilize internatio