Transcripts For RT Keiser Report 20240714

This hour you can always read more on these comments on a story. Dont go anywhere yet though because now. I am sure this is the kaiser report where were you september 3rd 2009 thats a question theyll be asking kids grandkids for years to come that was the 1st episode of the kaiser report yes 10 years ago today because the report began broadcasting all over the world under the countrys billions of people. 10 years ago this month indeed we started here in paris so while were here in paris i wanted to record the special there are some controversies about when the 1st episode actually aired of course because of a you tube and how they upload and date things but nevertheless i want to you know look back a little bit what we experience here in paris at the beginning of our journey of kaiser report 10 years ago and what i realized looking back and anybody could do that because its all on you to go report episode one episode to episode 3 episode 4 just watch those 1st episodes im going to look at episode 1. 00 and 3. 00 at the moment because it napa said one we interviewed Danny Schechter the news that a sector who has since passed away but he was an independent journalist who at the time had just made a film called plunder the crime of our time so we started our 1st episode talking about the financial collapse the ongoing battle at the trillions of dollars and this 1st little clip before we turn to the interview with him i want to show you that actually know we friends makes an appearance on our very 1st episode of kaiser report started an issue actor author of this book but yes this book the crime of our time is also the creator of a film thats now out on available its called plunder the crime of our job a little bit with a book that came out before Lehman Brothers went bankrupt speaking on wall street i called for a jail not a bail out. The street is a fine center i dont think that is a. No its time to make the case for why the financial crisis is a crime story and im not the only one who sees this way. Nomi prins was a managing partner of bear stearns and Goldman Sachs this is the most expensive take out the biggest. Try it in World History were talking about a crime we cant even quantify here touching double digit trillions of dollars. Trillions and trillions you know we at the very beginning were pointing fingers at easy money and the Central Banks as papering they crime wave and that was an excellent clip by no means prince who went on to become a regular on kaiser report written many books on the subject and Danny Schechter this whole approach talking about really plunder the crime of our time and thats also better recurring theme for 10 years it only got worse and were seeing now 10 years later kind of the end game as we negative Interest Rates for example would be an extension of what was the seed sown at the time of extraordinary overreach by Central Banks the theme of plunder is important because again it ties to france and all of our work is said when plunder it happens at the top it starts to trickle down this is when the mean the way at the top is plunder the whole society becomes corrupt and it is corrupt and this is part of why we have uprisings everywhere why we have that why we have trump and the these people at the time did not understand because obama had just come in everybody was like all hope and change is going to be great but lets turn back to the video interview from episode one with Danny Schechter we go further into this plunder in your opinion what caused the economic calamity well i see a trend over the years 1st of all of the small leak dominating our economy and dominating Decision Making financialization you know of the economy itself so that a credit and loan complex began to dominate the same way that a military Industrial Complex dominated an earlier times but then these people began to create a criminal scheme which hasnt really been acknowledged as such based on massive predatory mortgage fraud securitization. And then the misrepresentation of the value of socalled mortgage bundles of various kind that was sold around the world based on phony ratings and then insurance schemes that enabled them to leverage on the basis of all of this and make a fortune putting millions of families at risk and as we see now 14000000 families facing foreclosure so all of this was done with tremendous irresponsibility a lack of regulation a lack of oversight and in fact complicity by our media and the government so the banking loan complex or for the military and just real complex because you know without actual bombs being dropped you needed to feed the banks somehow so they created weapons of mass financial destruction is wrong buffet call them before that we just call them financial terrorists and they went on to kind of ransacked the Global Economy they looted greece they looted egypt you know they just take their own stoppable because they got to feed the monkey and the monkey is paper money feeding the debt pile speaking of feeding the monkeys i want to go into the Comment Section on the very 1st episode of kais report it looks like it says 9 years ago thats because its actually 10 years ago but the comments were heres one hahaha this is awesome i love your new show max so people were pretty happy with that also stacey is pretty darn hot. I had to put that out right now i mean im putting a super cut together but just as 10 years of stacys hairdos. And max guys are so hyper what is this caffeine intake like 30 cups a day oh yeah 30 is a minimum i mean thats just to get started and wow this real news cast has come a long way and it just gets better and better i appreciate and enjoy every episode so glad to have found it that is somebody who came to it for years after watching that 1st line and left a comment to say wow like now watching it 4 years later its a lie. People had gone to this 1st episode at episode 1000 when we had our at 1000 episodes anniversary they went back and look i know the approach was to look at it like a crime scene whats happening in the Banking Sector and that to discuss Central Banks not as economists and policymakers but as highly politicized with an agenda and only 10 years later with the recent comments with Central Banks saying they need to get involved in the 2020 lection to people understand what weve been saying now for 10 years i want to then turn to episode 3 before we cut to a break because this was from matt taibbi he was an episode 3 he was at Rolling Stone and he wrote this piece called loss rates naked swindle so these themes that last covering the fraud as plunder is all about the fraud of the Financial System naked swindle matt taibbi talks about the naked short selling that happened that attacked bear stearns and Lehman Brothers which had just collapse in the Previous Year matt taibbi welcome to the kaiser report thanks very much for having me on max its an honor criminals typically use guns a smith and wesson and what have you but were talking about financial crimes and they use the the weapon of a naked short sale and as have you reported brilliantly in your pieces naked short selling was used to demolish bear stearns and Lehman Brothers and you brought this naked short selling into the public sphere of information which really needs to be talked about and i want to just touch on again today could you talk a little bit about naked short selling and how it was used to transfer trillions of wealth from the taxpayers to a handful of brokers and bankers will get short so in all it really is a selling shares of stock that you dont have in a normal short sale which is a very beneficial legal process. What you do is you borrow a stock from somebody you so you go out and you sew it on the market you wait for the shares. Start to decline and you go about me buy back the stock at a lower price you return it to the people you borrowed it from originally. Part of the difference starts normal short selling and its its a very beneficial process that helps ferret out inefficient or corrupt companies naked short selling is when you go out you sell shares of stock that you dont actually have and then you never deliver them and whats whats bad about naked short selling is that it floods the market with extra shares of stock you know that that shouldnt be there and it just naturally devalues the stock and thats what happened with bear stearns and Lehman Brothers and you can tell this because when theres lots of naked short selling going on there are lots of shares that are sold and then never delivered and the amount of undelivered shares skyrocketed skyrocketed with both bear and Lehman Brothers in the 1st weeks of those crises for a matter of course coining the phrase vampire squid to describe Goldman Sachs the tentacle like its all over the world seemed like every financial catastrophe in the world had a Goldman Sachs banker former Goldman Sachs banker was involved in some way and they can start selling is a topic that i knew from wall street because of course i spent many years on wall street from 1900 from 1900 to the 1990 i was a stock broker Paine Webber Oppenheimer shares a layman Hotton Alex Brown and did they know billions of dollars worth of you know trains and naked short selling is common practice Common Knowledge on wall street people outside of wall street didnt realize you could counterfeit sell orders to drive prices down which is when they could short sales all about so this was yes counterfeiting and you had gone on in that interview to call it counterfeiting this is also the rise of bitcoin that happened just at the same time is a rejection of this fraud of this plunder of this counterfeiting and of course as he had pointed out bear stearns had collapse and j. P. Morgan got to take it over for pennies on the dollar but they didnt harrod a massive naked short that bear stearns had of silver so this came in the Viral Campaign and when viral globally International Media covered it it did crash j. P. Morgan by still. Very heres a little clip you did with r t at the time hi this is max geyser host of the cons report i want to talk to you about this global Viral Campaign crass cheapie more again by so over the fact is that j. P. Morgan is a huge player in the Derivatives Market theyve got a Balance Sheet exposure of Something Like 1. 5 trillion a lot of that is tied to their silver shorts that is to say they have sold silver contracts that dont exist theyre engaged in naked short selling this is a form of counterfeiting huge hedge funds around the world are buying lots of silver because they know that if they force j. P. Morgan to have to buy silver in the open market theyre going to make money so what im saying is you can piggyback on these huge players all you need to do is buy one silver coin maybe 2 silver coins demand physical delivery of that so far thus forcing j. P. Morgan and these other financial terrorists to have to cover their negative bets and put a company like j. P. Morgan basically forcing them into bankruptcy because theres no way they can cover their liabilities if we all buy one silver coin and demand physical delivery to j. P. Morgan a financial terrorist on a business by silver well once again my wall street background came in handy because you know sometimes you see houses for sale for a dollar and because you have to assume the Mortgage Rate and the taxes in the back taxes yes so with j. P. Morgan buying bear stearns it was a very cheap price but they had to assume this enormous silver short position that they bear stearns was maintaining a behalf of the government as well as some other gold shorts to keep the price of Precious Metals down so i quickly figured out that the short position if they had to force that buy back that so over to cover went bankrupt j. P. Morgan and j. P. Morgans always been are better on this show because theyre you know the big if the cop a cop or crocs and so either cut the price from about 15. 00 to 50. 00 and they. They were on the verge of having to have some serious write downs possibly a liquidity event and then they got the government to change some laws and they went even deeper into their star position temporarily no one would come back from the break we will kind of cover how that all resolved dont go away stay right there. 80 years ago this month the 2nd world war in europe began 60 years later the scourge of german fascism was defeated however the meaning of the start of the war remains hotly contested this industry is intensely political. To get accepted or rejected. So when you want to present. To the press this is what before 3 of the more people. Interested in the water. There. Right welcome back skys report 10 Year Anniversary special looking back on some of the highlights of the crash if you were going bust over a campaign this was financial activism that is capitalism against capitalism you know something i have come up with the news that a number of different ways this was to go after the balance of j. P. Morgan attack their short position by getting the world to buy physical solver forcing them to have to buy in the open market and almost worked in terms of they had to well you know declare a liquidity event shut down and go for a bailout but they very occasionally got the government to expand their remit in terms of how much they could so short they are scape the sort of damocles that time but i think ultimately we have to chalk this up as a victory there are 2 sorts of people in the world the vast majority it of them are not winners then there are people who are winners and a lot of winning is fake it til you make it and then you actually make it like donald trump faked it until you made it into the white house here we forced j. P. Morgan to do this headline this is our victory a lot of people most people in the you tube comments will have said we lost because morgan did not go bankrupt or if the price of silver did not go to 500. 00 but here is victory here is altering the fraudulent activity of a bank the biggest bank in the world supported by the biggest military in the biggest state department and the biggest treasury in the world j. P. Morgan heres the headline j. P. Morgan has cornered the silver market by a manipulation aug 28th the Worlds Largest stockpile of privately owned silver 500000000 ounces is owned by one of the worlds large. Banks j. P. Morgan chase in just 5 years i after our crash j. P. Morgan by Silver Campaign launched here on kaiser report in just the past 5 years this article points out j. P. Morgan chase has accumulated the Largest Holding a physical silver in the world in fact prior to j. P. Morgan there was only one other entity that owned more physical silver and that was the u. S. Government and that was over a century ago when silver coinage was in common use so you you identifying their weakness their vulnerability not going to the government or pleading to people to help us and give us some food stamps or bail us out its like you identified the predatory plunder and you identified a weakness and you said target that target those naked shorts and what did they do they made sure the never ball nickel again like that they went down ball 500000000 ounces of silver right im here back spreading from. My prey you know i got him to commit their Balance Sheet to buying 500000000 ounces of silver and so now they are positive silver drone i turned him into a silver drone hes done my puppet because hes not going to go against over now as he because youve crossed over same thing with picoult initially came out against decline then he gradually became ambivalent about that going now is positive because what i hear from my contacts and hes going to become my coin drawn very quickly and so all the big banks in the world and all the Central Banks in the world i mean apex predator they are my puppets. And again like at that time we were identifying to the audience around the world everywhere around the world gets to watch christ report you could also watch c. N. N. And c. N. N. Is going to offer you cover up theyre going to tell you everythings fine everythings a ok nothings wrong and what the wacky conspiracy theorist at kaiser report he said this manipulation of Precious Metals and j. P. Morgans manipulating the Precious Metals market well cut to august 29th teen 10 years after we had already warned you another x. J. P. Morgan precious metal trader pleads guilty to spoofing is cooperating with feds another former j. P. Morgan precious metal trader plated guilty to criminal charges the manipulating the precious metal markets for 9 years marking the latest in the justice departments crackdown and the Commodity Markets right it was obvious that insiders were manipulating the price so we reported on that and the thing now is that it really cant be manipulated in those ways on that scale and this is the. Comeuppance for the banks and the jamie damas of the world is that they. Met a commodity an asset class that they can manipulate that they could every other asset class stock and bomb a sever exist or they could manipulate it because they wont be able to live in the same way and for this reason you know it will put those guys out of business but theres 2 points theres 2 headlines that prove that we one that we were right from the very beginning like harry im a car police had spotted that made off bernie made off was a ponzi scheme that he was operating a ponzi scheme he looked through the numbers he told the regulators hey regulators this guys running a ponzi scheme they did nothing because Bernie Madoff was respectable like c. N. N. Was respectable and given cover to these sort of people like jamie diamond hes a hero member he was on the cover of life Time Magazine as a hero who rescued the Financial System one of the heroes of our of our post financial. Kratos we were identifying these issues and we were right well i think thats the essence of financial journalism i mean other journalists they seek the truth and to report on the truth and they take interviews and they weigh opinions and they come up with what they believe to be the truth of a situation financial journalist would look at the numbers and the Balance Sheets and give in this case the truth that this bank was exposed now that truth needs to be reported to the public and the public had an opportunity to act on the truth as a journalist i simply provide the truth i also mention that if you did take that action the bank would go out of business ok thats what i reported and thats not nearly what happened of course while we were talking about the plunder in america that they were like we had occupy wall street we had what we coined giago global insurrection against banker occupation and we were of course in america they did not cover occupy wall street the media did not cover that here in france remember we said that they go flay they were bad and they would cut the tires of all these cars of the wealthy people in central paris we also had the boss napping because all these international multinationals were fleeing town everything was collapsing and they were refusing to pay the pensions of workers so they were hostages always see that theres always of protests of them. All a g. L. A. Shown today so is the behavior of men manifest as you know we identified this trend back then and 20102011 heres a clip of us where we had actually made urban dictionary for our 200th episode of the kaiser report there are some more presence here max job oh makes it to the urban dictionary thats the global insurrection against banker occupation jabo is a movement and soon to be pac that advocates for the people against the large banks that have come to occupy. Every level of government and influence around the globe lets go to remember this is our liberation economics which where were teaching you you dont have to be the victim of j. P. Morgan you dont have to be the victim of Goldman Sachs the plunderers you dont have to be the victim of the crime of our time thought to have actual one ounce over medallions meant to and you can find the money with that friends global insurrection against banker occupation they try to have a 500 percent but thats our point is that we were identifying this trend that continues to this day people in on c. N. N. And see on even fox who were totally surprised that that trump one we however identified back in 2010 that this was going to be a global insurrection against banker occupation against the elite against the system we support some against the 0 percent Interest Rates against the bailouts for the bankers against the cantillon effect that weve identified that helps the Rachel Maddow and Sean Hannitys of the world those who live in manhattan those who have those salaries those who are are asked on the media to tell us and explain to us and understand the world around us they didnt understand the giago they ignored occupy wall street outside their front door in manhattan Rachel Maddow didnt talk about it we identified that as a story 10 years later trump is elected and they axed surprise it must come from a Foreign Government somebody who understands i was better than we understand ourselves that the this is a kaiser report if you had watched from the beginning trump wouldnt be a surprise to brag so it wouldnt be a surprise to you. Would not be a shock to you hong kong protest would not be a shock to you but if you watch c. N. N. Fox or m. S. M. B. C. It all will be a shock to you right and during the 10 years theres been a transformation they people were protesting on the streets and they thought they were. A testing in the vein of a left wing socialist movements but over 10 years now everyone in the world realizes that there are tackling the Central Banks now 10 years ago that was a concept that nobody understood no activist group that we spoke to understood that that the root of all these problems are the Central Banks 10 years later they do when you have people actually openly calling for the fed to raise rates as a way to do battle against donald trump so now we know what the battle is after 10 years after we called it 10 years ago the battle is with money and hard money and this money thats the battle because the story never changes as we said with basti i had warned against plunder at the top that it became becomes a way of life in your tire economy we also warned about the can till in effect again a guy from ireland hundreds of years ago who warrant that those closest to the free money those closest to the Printing Press gain unfair advantage so this is what weve identified this is what happened with yobbo here and in france it continues of course and heres a headline just from this past week what theyre promising for september theyre ongoing its like the 43rd and 44th manifestation of this lazy lazy own promise black september for a lot of the wrong trey 2019 which is now happening right want you know french astri was saying they know theyre always at the boiling point theres 0 as a manifesto about something and the french for 200 years have been on the edge of their seat for a fight and they detest the ruling elites who overstep their bounds and you know in the past theyve got taken measures to restore what they feel is justice again this is about report its not about the french people expect me you knew and what we do for on kais report and what were showing and educating the world about. Our view on to this is because we were looking at the economics we were. Looking at the plunder we were looking at the naked short selling we were looking at the collateralized debt obligations that had faulty laving john law who was the architect of the economics that led to the revolution being repeated by securitizing property to lender the market as weve been talking about recently on our shows it is the ass and not all over again yet so the french have a level way in terms of defining what the problem is and they lead the way in terms of what the solution is yet so while we were living here that was important to see that these people understood that the elite rip you off and that theyre going to steal your stuff because boss the at was here and told on that plunder at the top and up with plunder at the bottom so you better stop it at the source right away before you know what theyre always talk about the purchasing power theyre obsessed with their purchasing power because thats assigned to them that they can tell in effect is going on that the plunder is going on at their purchasing power is going down somebody at top is stealing and that and thats how you know is when your purchasing power is going down or turn its a gal its a number its all the same thing when you get right down to it thank god for kaiser report well that does it for the 10 years special show of this show max kaiser my one and only Stacy Herbert the maid of all possible without her i would just be on the street as i close our. Look that up until next time. Chose seemed wrong. But old rules just dont. Let me. Get to shape out just to come get educated and engage with equals betrayal. When so many find themselves worlds apart. Just to look for common ground. You trail as you. Want our money out of shape it is on the way as. Well then yeah im going to. Put him on me if i dont fall so. What happened yesterday is arctic you show more money shes put off here mama. Ripples told you more committed to did this to the theres a community there which ripples for the way it was a bubble. The only book there was was a. Device. So its. Fun to watch when there was a. Point. Dont feel. Guilty if you constantly teach fear shooting someone who calls to save money from smiley. Is. Stupid to. Use. You and your children to take him out of. It even if you discourage him to toss on it doesnt. Feel. This music is hip hop by