And change is going to be great but lets turn back to the video interview from episode one with Danny Schechter where you go further into this plunder in your opinion what caused the economic calamity well i see a trend over a year is 1st of all of a small elite 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 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 the. 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 took over 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 comments 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 supercut together with just 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 newscast 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 4 years after watching that 1st one and left a comment to say wow like now watching it 4 years later a lot of people had gone to this 1st episode at episode 1000 when we had our and 1000 episodes anniversary they went back and look you know the approach was to look at it like a crime scene whats happening in the Banking Sector and to discuss central. X. Not as economists and policymakers but as highly politicized with an agenda and only 10 years later what the recent comments when Central Banks saying they need to get involve in the 2020 lection de people understand while weve been saying now for 10 years i wanted then turn to episode 3 before we cut who are break because this was from matt tyee be he was an episode 3 he was that Rolling Stone in he wrote this piece called loss rates naked swindle so these themes that last covering the fraud as plunder as all about the fraud of the Financial System naked swindle matt type we talks about the naked short selling that happened that attacked bear stearns and Lehman Brothers lets had just collapse in the Previous Year matt taibbi welcome to the kaiser report thanks very much for have me on a max sit on are criminals typically is guns us mithun lessons in what have you but were time a financial crimes and they use the they weapon of a naked short sale and as have you reported brilliantly in your pieces naked short selling liz used to demolished bear stearns and Lehman Brothers and if it brought this naked short selling into the public sphere of information whats in really needs to be talked about and i want to just touch on an again today can he talk a little bit about naked short selling and how it was use a transfer trillions of wealth from the taxpayers to a hand full busy of brokers and bankers will well nick it short so in all it really is is selling shares of stock that you dont have in a normal short sale which is a very beneficial Legal Process what what you do is you borrows stock from somebody you so you go out new so it on the market you wait for of the shares in night thats stock to decline and you go vote me by back for the this doc it a lower price you knew return it to the people you bart a from originally and you park at the different starts normal short sewing and its it its a very beneficial process that helps fair it out in a fission or corrupt companies naked short sewing is when you go out you still shares of stock that you dont actually have and then you never do live rhythm 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 and 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 1990 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 trades 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 collapsed and j. P. Morgan got to take it over for pennies on the dollar but they didnt hared a massive naked short that bear stearns had of silver so this came in the Viral Campaign it went 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 kaiser host of the cons report i want to talk to you about this global Viral Campaign kras 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 still 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 to sell reclines 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 out of 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 say im 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 would bankrupt j. P. Morgan and j. P. Morgans always been our bet you are on this show because there you know the big if the cop out a copper crux and so either cut the price from about 15 to 50 and they were on the verge of having to have some serious write downs possibly you know have a liquidity event and then they got the government to change some laws and they went even deeper into their short position temporarily then when we come back from a break we will kind of cover how that all resolved. Dont go away stay right there. Thousands of american men and women choose to serve in the countrys military and the decision. Every song came to a complete. The day that i was raped. You know told to shut up kill me and i see how destroyed my life any screamed at me and he made me come in and you graham my arm and he right mean. If you take into account that women dont report because of the extreme retaliation its probably somewhere near about half a 1000000 women have now been sexually assaulted in the u. S. Military is a very very traumatizing have happened but ive never seen trauma like ive seen women who are veterans who have suffered military sexual trauma reporting rape is more likely to get the victim punished and be offended and almost 10 year career or chose very invested in and i give a sex offender who was not even put to justice or put on the registry this is simply an hour in violence male sexual predators for the large part of target whoever is there to prey upon whether thats a man or woman. Would just manufacture consent instead of public will. When the room in close is protect them so. When the crime. Lifts and we dont want. To ignore middle of the room sick. In the real news room. But if she warned you and i do the dishes at the balls more than those jeans nudist beach and you see me you. Know when you die. In the news i mean that is where that infection ball. A lot of you will see sawing your info as if parts of the 2 kids each other both are the most called. It as in the middle east of. The. Cabinet 5 days doing it. In english 38 for people who simply knew. Little. 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 attacked their short position by getting the world to buy physical so over 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 of 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 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 u. 2 comments will have said we lost because morgan did not go bankrupt or 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 in the biggest treasury in the world j. P. Morgan heres the headline j. P. Morgan has cornered the silver market by a manipulation aug 28000 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 vulnerable again like that they went down ball 500000000 ounces of silver right im here tax credit for every dime is my prey you know i got him to commit their Balance Sheet to buying 500000000. 00 ounces of silver and so now they are positive so regrown i turned him into a sober drone hes now my puppet because hes not going to go again so now as you because youve crossed over same thing with initially came out against decline then he gradually became ambivalent about the coin now hes 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 price 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 and 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 dimon of the world is that they were. A commodity an asset class that they can manipulate that they could every other asset class stock and bond the severances they could manipulate it because they wont be able to land 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. Kras 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 all 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 all heal asia own today so it is the behavior of 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 0 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. 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 go 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 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 x. Prize that must come from a Foreign Government somebody who understands all specter than we understand ourselves that they 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 hongkong 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 pull were protesting on the streets and they thought that they were protesting in the vein of the 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 at the root of all these problems were 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 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 warned that those closest to the free money those closest to the Printing Press game 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 now if you know your french astri is 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 london the market as weve been talking about recently on our shows is the ass and not all over again yes 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 them 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 return its a number its all the same thing when you get right down to it thanks for kaiser report. Well that does it for the 10 years special show of this show max kaiser my one and only Stacy Herbert made it all possible without her fi would just be on the straight as a close sharp. Look that up until next time i. Play. Please. Lists lists lists. Lists. And a very warm welcome to you watching on since last. She dont. Go through the worst. Most of those laws only call for old recall no because when it is its always you know the false sense that all. You can cite showmen view of them or the bills of them some on the left as there was enough to know something about him going to video the british room so instead i mean shes on that you know sound a soft spot a mouthpiece down at this time i dont tufts. Need to promote. The only wonderful clinton 50 feet you can come to believe if you use the typical the reasonable for the way. But id still love to see the present. Politicians do something to. Put themselves on the line to get accepted or rejected. So when you want to be president im sure. Some want to. Have to go right to be cross its like a full tree in the morning cant be good. Im interested always in the waters of my house. Or sitting. I. Did not move. There. Are. Tensions rise in hong kong as antigovernment protests turned violent again images of a man being viciously beaten now gone viral they may find this set of images coming up upsetting. That i know i. Was i dont refute all. The time leading activists in the hong kong protests is not america for hearings on a bill to provide support for the prodemocracy movement in hong kong. Another big story of the cross today israel going to the vote voting imposing an unprecedented repeat of parliamentary elections that will decide the fate of incumbent Prime MinisterBenjamin Netanyahu look at how donald trump has led his way to the campaign