Expert speakers to capitol hill to discuss critical topics in a bipartisan collegial atmosphere to address a critical topic and very bipartisan collegial atmosphere. One thing to note there are a lot of media so i put asking thd during the question and answer period if you would reserve that for the Congressional Staff because of limited time restraints on their schedules. We are honored to have a prolific writer and fearless commentator and thinker to address what is happening in asia today especially for the citizens of hong kong and south korea. He is the author of losing south korea coming Nuclear Showdown and the coming collapse of china. Hes a columnist at the daily beast and his risings have been featured in numerous newspapers from the New York Times to the wall street journal and is a frequent commentator on fox news, pbs and bbc and many others as well as a regular cohost and guest on John Batchelor show. On the front lines in the battle for freedom, gordon. [applause] people
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 w
A fine center i now think of that as 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 it this way. Nomi prins was a managing partner of bear stearns and Goldman Sachs this is the most expensive take out the biggest cry. In World History were talking about a crime we cant even quantify were talking double digit trillions of dollars yeah yeah trillions and trillions you know way at the very beginning were pointing fingers at easy money and the Central Banks as papering big crime wave and that was next clip by me brains when i 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 best. Also bet on recurring theme for 10 years only got worse or saying now 10 years later kind of the end game as a negative Interest Rate for example would be an extension of what was the seed sown at the time of extraordinary overreach by Cen
A managing partner of bear stearns and Goldman Sachs this is the most expensive take out the biggest crime in World History were talking about a crime we cant even quantify were talking double digit trillions of dollars a lot yeah yeah 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 the next clip by me brains of when i 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 stone at that 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 start
Approach with Jeanclaude Juncker. We are in luxembourg. Manus a warm welcome to daybreak europe. We are waking up to 5 Million Barrels of oil being taken out of the system by saudi aramco. Is it a fourweek affair . How much of the 20 price rise that we saw at the open is geopolitics and how much of it is supply . Good morning. Nejra yes, the biggest sudden disruption ever is what we have been waking up to this weekend. We have certainly been mispricing oil markets up until now. We have indeed. Let me show you the single biggest daily move. I put it in the library. Here we go. This is the kind of size and scope move we have seen on the oil market. We opened up on the biggest move since 1988. Since 1990iggest when kuwait and iraq were at war. The question we must ask ourselves is how quickly can aramco get this oil back online . You need to speak to the market and make it very clear what is the damage, what is the damage limitation. Lets look at the rest of the implications. We are seein