Guys are this is that guys are a part occasionally need to reset everything needs to be reset or waiting for a global reset and even intellectual reset we just need to. Reset. Well lets reset this episode of kaiser report. Started again now were actually going to start here again this is a new york city where a kaiser reports we have been here for a few days and i do i do want to say that despite many of the headlines talking about oh possibly on the edge of a recession i see this over and over on twitter many headlines from the Financial News from all sorts of commentators saying that were on the verge of a recession and certainly you could say that perhaps germany and europe might be but if youre Walking Around manhattan and your old in times square area or bryant park what youll notice is that there is a huge amount of shopping here and a lot of i mean its way more than last year for example it seems like more boom time right now and consumers spending more money that they dont have
This is the kaiser report where were you september 3rd 2009 thats a question well be asking kids grandkids for years to come down was the 1st episode of the kaiser report yes 10 years ago today because a 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 this 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 at a 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 tube go report episode one episode to episode 3 episode 4 just watch those 1st episodes im going to look at episode one and 3 at the moment because it napa said one we interviewed Danny Schechter the news the sector
Well here is a phrase financial vandals and its an interesting one pension world reels from financial bendel ism of falling yields and they speak to mark doubting the chief Investment Officer at blue Bay Asset Management he has he has pension fund mandates and he says about these ever declining rates that quote the true badness is Pension Funds being forced to invest and assets which will be guaranteed to lose such as in the case of long dated inflation linked to guilt real eales of negative 3 percent he said it is financial vandalism and the government and Central Banks need to wake up to this my brother my brother but because of what theyre sure what could just a people stop me and say you know you know what because so if thats your message yes im going to my blue area in fact his granddaughter granddaughter said i look like graham going through blue period but lets talk about financial by vandalism for a 2nd so you know as you point out there was a term floated about called financia
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
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