Morgan we know and jamie dimon their Business Model is to keep 0. 90 of every dollar they steal they pay 0. 10 of every dollar they steal as a fine they played hundreds of millions of dollars in fines jamie diamond before the crisis was mid level in america and now hes a billionaire from committing serial fraud and theyve been you know had to face the music many many times so i dont understand why theyre singling out mexico it seems like crime pays well this is a local think tank and theyre looking around and wondering why is the 1st year in a decade that the economy the g. D. P. Has shrank and theyre saying well perhaps if we cut down on all these headlines on these stories of cartels beheading people but yet youre mentioning that there is a crime wave that goes on in america and perhaps if we got rid of all the jamie diamond taking all the money. Member the velocity of money chart we showed perhaps there would be more velocity of money but just in terms of ending that crime if you end the crime at the end the Violent Crime on the streets you know what is there in the world except for a few system and financialization so if weve also covered that like with boeing or Union Pacific all these normal like manufacturing sort of jobs that are supposed to build things all they do is extract and then destroy and they dont invest in the economy here this guy is saying well if we just get rid of the Violent Crime then people are going to mess here but nobody in the us nobody invest its all speculation and by initialisation hollowing out of assets and remember during the 2008 liquidity crisis when credit froze the only actual money available for banks to keep the lights on came from mexican drug cartels it was part of the mexican drug cartels and Italian Mafia yes they did say there we covered that with the un itself there organized Crime Division says that that was the money flowing especially through europe but again i mean obviously crime getting rid of crime and Violent Crime is certainly a very good thing tens of thousands of people are murdered every single year here of course there are several big banks we wont mention them that have paid fines for participating in financing and laundering money for those gangs but speaking of crimes i want to turn back to the United States because Lloyd Blankfein has been in the news intervening in the elections these 2 tweets are just a great story about all that is america right now leading into this election where the dons of these mafias run everything like the Lloyd Blankfein and they think everybody else is a deplorable so he said if democrats go on to nominate sanders the russians will have to reconsider who to work for to best screw up the us sanders is just as polarizing as trump and will ruin our economy and doesnt care about our military if im russian i go ascenders this. Im around he has the nerve to say that its sanders who will ruin the economy not my credit default swaps i remember they there were emails that one on in Goldman Sachs where they knew for a fact that those Mortgage Backed securities they were selling to grannies to pensioners they knew for a fact that they were sacks of bleep and they said it so so they defrauded they stole from these old women that crashed the economy the widescale fraud crash the economy right Lloyd Blankfein over Goldman Sachs when he was running the place they knowingly created securities that had no in no bally whatsoever in the secondary market they were synthetic securities that they got caught peddling to their own customers and then they made negative bets against their own customers knowing that when their customers realized that they had been sold these synthetic nonentity securities that they would be in financial trouble and so they shorted those companies and they made money on the collapse of the companies who they sold the stuff to cause the collapse of the companies thats number one so Lloyd Blankfein is a no moral position to lecture anybody about anything furthermore this whole business about blaming russians by americans is getting really pathetic because heres a guy whos effectively trying to dehumanizing a whole group of people slavic people in this case this is remarkably ironic coming from Lloyd Blankfein lets go back to his tweet because again he said that that sanders doesnt care about the military but again Goldman Sachs pays less than 12 percent tax rate Lloyd Blankfein himself i dont know what he pays but im sure we know for a fact according to the i. R. S. That the billionaires pay less taxes than the working class there are loads of people in america who are the elite they pay very little taxes relative to everybody else but they love spending our money im in. Terry and the war isnt budgets like that so again im going to turn to another tweet response to this from chris our nod hes written is an amazing book about the deplorable is traveling across america talking to deplorable people that are outside the you know the front row class the people like Lloyd Blankfein and Hillary Clinton and everybody on m. S. N. B. C. And he used to be a banker and im not sure if it was that Goldman Sachs but it was one of the wall street banks there if im russian i would go with hawking synthetic c. D. O. Is to blow up the u. S. Economy and screw over homeowners like this is so obvious it should be so transparent that the fact that Lloyd Blankfein gets put on c n n r m s n b c to say this sort of stuff to propagandize the americans and confuse them and divert them from the fact that he himself helped destroy the economy is remarkable and the deplorable so i think know that hes the one more responsible than anybody else in the world and they remember that our Founding Fathers said that the destruction of america would come from within never from without and these are the people from within who have imploded the economy dont forget that after the collapse of the soviet Union America sent in a whole brigade of wall street bankers to liberalize the economy and created a whole new class of kleptocratic oligarchs that have now under the Current Administration thats taken almost 20 years to you know fixed up problem that was pretty much created by american bankers theres one thing to just say ok we need to stop crime and you do need to stop crime but there has to be a plan as well and you cant just be to let in these american bankers who are going to financial eyes and hollow out your economy chris are not then continues there is probably no single event more responsible for current voter discontent than the financial crisis and tarp and lloyd was right there at the center of it amazing but hes pointing out that Lloyd Blankfein was way more responsible for trump being elected then anybody else any nina. There is no weaponized mean that could possibly do more than what Lloyd Blankfein did with the collapse of the economy his also paying Hillary Clinton 500000. 00 to give one of the most tedious boring speeches in the history of of american speech giving and she got paid 500000. 00 twice for 2 speeches to Goldman Sachs so again he helped her lose that was part of the many reasons why she lost many many reasons for her humiliating loss against trump precrisis Goldman Sachs the manager of a system that allows for rampant Insider Trading and market manipulation then they got caught on the short side of the market and were facing collapse so they decided to become a regular bank overnight and get all the protections of a regular bank overnight and get a bill up overnight from the likes of the american taxpayer remember it was hank paulson who had been the former c. E. O. Of Goldman Sachs and they mentioned tarp he gave them inside information that tarp was coming so they got to front on that and thats why the boy blankfein became a billionaire for running the utility of a of a bank you know Goldman Sachs is now a bank not a hedge fund essentially but again talking about this trying to propagandize the americans that is not the elites we the elites have and destroy the economy it must be somebody out there thousands and thousands of miles away who doesnt speak english and but he has weaponized means that hes the one doing this heres a final tweet here about the gallup poll gallup 60 percent of americans say they are better off now than when Trump Took Office compared to just 36 percent who say they are not that is higher than during the reelection campaigns of obama george w. Bush clinton or h. W. Bush 60 percent of independents say theyre better off than 3 years ago when this fact happens when trump wins reelection Lloyd Blankfein will say that he had nothing to do with this that is somebody else hell find some reason and theyll be the ones on the tell of it. Not understanding why they lost and that the economy is still destroyed because the crime wave was not stopped just like the think tank said about mexico that we need to stop the crime well they havent stopped the crime in america and will continue to get these populist the elite dont like yellow line stop trying to dehumanize your fellow americans are you going to take a break and when we come back much more coming your way. And were going to fulfill the repeated purposes of politics to the people come on you know weve all bots the truth. Is. We really you. Know you want to 1st correct that. Known. For the. World is driven by a dream shaped by one person. Who dares thinks. We fear to ask. Welcome back to the kaiser report im max kaiser time now to turn to John Ackerman who were in mexico city so of course you know check in with John Ackerman john act well lets just get a kind of a 30000 foot look down into the whats the politics down ive got a new leader whats happening welcome back to mexico mix oh my pleasure you know stay away from me and that long yeah and you know im your man in mexico so what your mind. So you know you go past me the information that secret information oh yeah you brought from me from from moscow right yeah ive got a whole secret cache of information. To make the best borsch like youve never tasted did you see the recent news that the real russian agent in mexico turns out to be a 1000000 little so yeah tell me about the guy he was the head of pemex he was the head of pemex from and he could bring in yet dont corrupt head opinion there of the mix. Took in over 9000000. 00 in bribes from autographed and when the new government came in started to investigate him he escaped went to moscow 1st and then they discovered him in i think my law by lee i live my life was a very important achievement of the new government in terms of bringing accountability because the Pemex Oil Company has been a very central part of Mexican National economy but also has been a source of incredible corruption specifically in that in the previous government so this lad im glad that you were able to root this. Then this bad actor out high crime was very happy to finally theres a government in mexico thats willing to step in and root out these bad actors exactly like i was asked to john you know their government is doing great what else is the still government doing the new government is trying to really put back on its feet the mexican economy because. Its been new liberalism as you know really taken its toll so whats taking place all you already know theres what else new liberalism is i. Dont know yet but you know im not sure what it is what it must look like its similar to look its fascinating because mexico really arrived late to this you know progressive wave which hit south america you know its you know i believe you havent as well like with order argentina brazil had this you know pink wave and mexico was just you know in the same old same old and all of a sudden when those countries are going back to the right now all the sudden mexico has turned turn left in argentina as well and so what mexico is trying to do right now is you know really sort of pick up the pieces 1st this case of corruption and pemex is not the only case the corruption there in the previous government was just out of hand so we need to sort of recuperate the power of the government to regulate the economy and the open road has said that he what he wants to do is repeat what the what his did in that and then 1000 century but it to what a separate church and state really radical mexico and probably has the most radical separation of church and state even more than france and now look to others he wants to do is separate public and private you know respect the private sector but recuperate the honesty and integrity of the Public Sector thats his Central Project and this new deal thats been worked out the u. S. Amsi. The place of nafta it is a fact or is it significant and very interesting because historically the left as it was very much against nafta right this Free Trade Agreement which is actually you know in the favor of the transnational corporations to have free exploitation of the Different Countries but nafta is now sold you know it was passed and a 9293 came into effect in 94 its now been there for so long that its really has integrated the 2 economies in a subordinate way mexico of course has been an exploitation of mexico by the United States but its so theyre still in dont think the economy is now 2 for adults or to come in now and say no. We want to end nafta would have been really irresponsible to had sent our economy into a tell tale dive and nosedive and it wouldve really made it much more difficult for books or order to do his social programs because the other side and addition to combating corruption hes you know now that 910000000 new. Scholarships being handed out throughout the country to old people to students to Indigenous People to most of them are sectors and so what he has said is well lets you know rethink nafta hes worked on the new agreement which was actually worked on mostly by the pena ministration because he respected those those agreements and you know basically in the negotiations the mexican government. Stopped trump from turning this into a worse agreement for for mexico and still from my personal point of view continues to. You know privileges United States corporations an economy over mexico continues to through woods you know big corporations over the working class but for instance theres been a side effect very Positive Side effect in that mexico has been forced to pass a new labor legislation reform its constitution actually to be. You know accepted by the labor unions United States this new agreement and this is actually created a new scenario for free and Fair Elections within the unions in mexico something we havent had for a long time and so this might create you know a new wave of labor activism and strength of the working class in mexico which could be a very good secondary effect of the of the neck right now you mention an interesting cycle there a moment ago youre saying that in latin america you had lived to the left in various countries bolivia and others and now that theyve gone and mexico so much static and now theyve gone right certainly in brazil theyve got a new what you could call right wing leaders. Up there and that mexico is now got embraced a left a leftist government but this is kind of cycle in latin america weve seen a long time it goes from the hard right to the to the hard left back and forth for a long long time the left comes into power and a lot of money is printed. Social programs are in acted and people get fed up because they feel like they are needs to be a return to some kind of work ethic and so they bring in a hard liner and the hard liner is too hard and this cycle seems to be rotating in latin america for decades and decades is that is this just another chapter in that cycle or is it different this time john i think its different. Is the wise man on this because i support him if you actually look at what hes doing hes learned from this experience is he hasnt been irresponsible fiscally or even monetarily hes not printing money as you said his inflation is actually lower now than it was with banging at the guys who printed the money the real populist the irresponsible ones were the priest those were the new liberals because they need all this extra cash to buy votes so they didnt have political genesee look i dont know who has political didnt said i want president what about the you have to do this idea of socialism because it in america and in and yet there is like corporate socialism already growing that goes to the corporations top corporations and then theres this populist socialism more money printing goes to social programs etc and so but nevertheless neither one of these seems to work and doesnt work and i states either we now have an and trance kleptocracy states and its a lot of money printing and they want to print more money to keep rising so in the current government in mexico. It seems that why not why not just a return to sound money thats whats up in a minute so thats why. Very wise hes been very pragmatic responsible in this area hes not you know the peso is actually strengthened theres no inflation one of the place that has less inflation than before and the way in which hes getting money for social programs is one what he calls republican austerity hes taken back the name of austerity austerity was used by the neo liberals to as it is. A mask for the cover up you know taking away social programs right it wasnt really austerity austerity what is austere being all steers being you know with all privileges being humble being honest and recuperating that original idea of austerity so hes cutting back a government but not Government Social programs increasing social programs and cutting back at social government bureaucracy is incredible how the new liberals who are supposedly against the state ballooned to created all sorts of different new Public Officials card up their friends and their family members to do nothing and so hes cutting out that hes ending tax evasion hes not increasing taxes interestingly enough not to talk about tax paying and that hes not increase hes promised promised to not increase taxes but just to increase tax evasion because mix will bring in about 17 percent 18 percent of g. D. P. For public income and of that 56 percent is from pemex the really taxes is like 13 percent 14 percent and on the books are much higher so if you actually just charge end fiscal paradises right tax evasion you can actually bring up this income and thats whats happening just a few days ago. Had a big dinner and a National Palace with big businessmen and which he invited them to contribute voluntarily for instance for to pay back pay off this incredibly austin taisha ridiculous an. Airplane which had been purchased by calderon an opinion yet though which nobody wants to buy in the market because its so ridiculous that then they say as we came up with a its been. So plan of issuing Lottery Tickets and hes getting the wealthiest oligarchs of mexico to chip in with his millions of dollars for that so hes finding other way to bring in the money without falling into these. Other strategies by the government in the past right so its a break the cycle that we were talking about there so the the the top wealth feels like theyre getting squeezed and then they get become very active politically aggressive. And all kinds of nefarious things happen bad words i mean sharp strategies for instance right that you know the the soft attacks on on regimes so he fails you fail and i guess he feels that there is a way to wind your way through this and get oligarchs on board to some degree ok now i mean just broadly speaking this was kind of what putin faced when he saw number in the Russian Federation is he had to he had to de masculine you know marx but in the same without actually throwing the country into greater chaos exactly so here we are almost 20 years later and you have g. D. P. Is you know Life Expectancy is up with social metrics of social well being are higher and so its not a model i mean what he look at that as a model thats a good point in a model i dont like that for trolling the global media. Putin has done a great job of getting having his population behind him as well right he has a very popular right now reading this or that as well 71 percent support groups wrote today i think this is based in some ways im ok. Deftly a touchy feely guy that takes Economy Class and hes a like a furby doll. Whereas putin obviously has a persona that is the man on the horse kind of riding in and taking charge and its a different persona by the objective seem to be the same i went to the rushes the model from mexico but i do think that. There is a theres new space for experimentation today in the world but. You know the really exist in common is around a long time ago 30 years wave the fall the berlin wall but now the new the option of new liberal capitalism is also dead and trump is has just sunk any idea that the United States from the liberals could be an example for for anything does you dont get growth you dont get equality you dont get peace you know it was all that before its and so. Is idea right and so theres a real fastening space for creating new alternatives and i think that the loops are that is is is turning into even though he has not travel all around the world trying to you know go to the big you know geneva on the Big International forums but i think that what were doing in mexico is setting an international there that mark guy here in the media do you know what talent land is talent landed on her you know not just the last 70000 people from all over a lot america get together in guadalajara for a check and media boom camp for days and its this was good this is the future and this is where the next growth is going to come from this generation so this is like a woodstock meets you know microsoft campus right i mean sounds wonderful its huge i mean this is the type of thing that when i would think i would corporations control the media its totally decentralized as you know hundreds and hundreds of sponsors but its mostly user generated user one more work will be there will be speaking there and you know talking about what we always talk about the return of hard money sound. Which i now ive you become around to have a more positive view on pickle and i think youve been somewhat lukewarm on the idea its not some follow to a 2 carefully i go all i know a big chorus from banks guys are so real so that means i have to do a little bit i dont even know you havent committed my yes just i 1st im 1st going to buy a Lottery Ticket for the for the airplane the present in mexico thats my 1st the. And vestment but you know you might convince me im. All right you know look even better at a 100000 a coin than it does now as to how much how much how much money if you meant off a bit because im in a calculus in calc kilborne. Its like its just its unbelievable so why dont you buy the president ial airplane i try not to be ostentatious but i did think about you know that well im going to play because you know you have to trump is offered to Justin Trudeau has offered it to the heads of saudi arabia no 125000000 i put it exactly but i would like peanuts for you right yeah but i know i like a good deal though like anybody else well i dont like to overpay ringback but john weve got to go but thanks man cause i got so much max and honors always be all you so youre our best guy i think youre a man of mexico i mean i see what im going to do it for this edition of the kaiser report with me max Kaiser States you know we want to thank our guest John Ackerman if you want to reach us on twitter its kaiser reports next time. Seemed wrong. Wrong just dont hold. Me. To see. The steam coming out of. Engagement equals betrayal. When something find themselves worlds apart we choose to look for common ground. I 1st heard about wiki leaks. From the helicopter footage in iraq. And i think that down at people who do you mean and mean u. S. Military who have never forgiven him for this guys a traitor and treasonous and and he has broken every law the United States illegally shoot some of us really historic to have. Independent journalist a guy with his puter exposing see who is what crimes and to a global audience. The idea of developing an anonymous box and applying it to a Media Organization that is what he makes that was the 1st. I didnt the toy interest i think that he would be for a short while world friend in room one of the worlds most powerful news organizations clearing a standard for founder julian a song in the sun over the sun and there was a great deal of jealous in the mainstream towards him particularly why wont he be more like off the bat you seem. Sneering feces on the walls. We have julia in solitary confinement in the prison for terrorist away team perhaps alive in person the person. I dont want to see him die any u. S. Prison. And i think thats what hes facing. And. America is not. Provided. A safe place for information to go on