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I have very good memories of this all

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and I'm very glad that so many of you

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have chosen to spend Valentine's night

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here with me and Matt. We're real

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romantics.

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Saturday night Valentine's night in all

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communities

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[Applause]

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is a very great community and this

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community center a very big one and as I

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say some great work happens here and

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it's vital to the community and playing

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host tonight to one of the most watched

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and revered

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television performers

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But not about me.

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No, seriously,

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I just want to say a few words because

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you get to hear me all the time and

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especially in the next 85 or 86 days or

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so. You're going to be hearing me every

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single day. But you don't often get the

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chance to hear Max Kaiser, at least not

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in the flesh. though you can catch him

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three times a week on RT. Uh Max is one

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of the most uh viewed television

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personalities in the entire world having

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broadcast across the world for many

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years on many platforms and I'll uh say

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more about that in a moment. First of

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all, I wanted to explain why I'm on a

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walking stick. You'll recall in August I

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was attacked by a man wearing Israeli

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army uniform who's now spending 16

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months in a cold prison cell.

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The uh the bruises quickly healed, but

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the back injury did not and recurs from

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time to time and it's just my bad luck

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that recover on Thursday night and so I

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come up with a walking stick. But don't

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be misled. It fires in fluids. It's a

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James Bond walking stick. So if there

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are any ill wishes, they all do bear

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that uh in mind. It's been a tumultuous

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few weeks for me, for respect for my

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colleagues uh and for the Palestinian

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cause which many of us hold dear. And I

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just wanted to say a word about BBC

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question time uh because it leads neatly

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into Max Kaza and his personality. Many

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of you will have seen question time a

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week past Thursday in Finchley in the

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London burough of Barnett

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which is quite falsely described

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as a Jewish area.

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First of all, there are no Jewish areas

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any more than there are Muslim areas.

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There are no no go areas for any British

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member of parliament. And if we were to

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so declare Bradford uh as one of those

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where no member of parliament that we

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disagreed with could dare turn up for a

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television broadcast. You can imagine

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what the coverage would be. Secondly,

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the London B

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does have 16%

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Jewish population but it has 14.5

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Muslim population but there were no

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visible Muslims in the audience of

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question time and many did try to join

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the audience which is a subject to which

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we are giving some attention. Thirdly,

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many Jewish people support us on

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Palestine. Many Jews are not Zionists.

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Most Jews are not Israelis. And most

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Zionists are not Jews. And many of them

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don't even like Jews. We love Jews. We

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just hate Zionism. And we hate Israel.

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And we're not going to be afraid to say

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so on the BBC or anywhere else.

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The fact that the BBC handled question

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time in the way that they did is one of

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the main reasons why RT is such a

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valuable national resource. It's the

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fastest growing television platform in

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the entire world broadcasting in

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English, in Russia, of course, in

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Spanish, in Arabic. It is the most

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watched television platform in the

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world. And those who try to marginalize

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it, who try to paint it as uh some kind

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of Putin platform should know this that

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there are far more people in this

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country admire President Putin than

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admire David Cameron or Barack Obama or

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any of these other

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inves

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me and certainly not Matt what to say.

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Nobody at RT has ever said to me. You

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should say this or you're not allowed to

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say that. That's for Max. Well, even his

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own wife who's sitting next to him

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doesn't know what he's going to say next

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because he is a force of nature. And

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what is his nature?

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Max came from the world of high finance

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in Wall Street. He knows these bankers,

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bankers, I said, better than anybody

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else in the world. He's not against the

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capitalist system. He's just against

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crooks pretending that they are the

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capitalist system. is against bankers

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who take us over a cliff by their

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recklessness,

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their greed, and in some cases their

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criminality.

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And he's against government that exists

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only for the benefit of bankers and at

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the expense of the many who are not

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bankers. Max is that rarest of things.

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An absolutely honest man who tells the

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truth as he sees it. Who makes the call

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that he thinks is the right call. And he

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is, as you're about to find out, just

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about the most eleant

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individual that I have ever met. Yes.

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All the way from New York City, the

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great Max.

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Thank you so much. Hello, Bradford.

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Thanks to Lee.

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So, I have to explain to you my my

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knowledge of graduate league. It goes

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back to uh when I first came here a

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couple years ago, I met up with a fellow

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who explained to me that I needed to

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start following the Sheffield Wednesday

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football club.

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And I never heard of Sheffield

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Wednesday. And I said, "Well, why should

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I follow?" He said, "Because we hate

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leagues."

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So that's it. That's my total some

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knowledge of uh of football in this

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country. How's everybody doing? Are you

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how are you feeling? What what's

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happening? Are you are you politically

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engaged? Are you are you present? Are

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you here? Do you watch our tea? Do you

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watch our show?

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Are you Are you Do you know what we say

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about the bankers? the bers. Yeah. Are

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you repulsed and repulsed and nauseous?

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I brought some vomit bags.

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If you need to vomit

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while we're talking about HSBC, let me

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know. I'll come running over. You can

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puke into one of these bags

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and then send it to HSBC

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and then use it to collateralize another

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billion loans.

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collateralized loan obligations

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by HSBC. No, HSBC actually

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like many institutions in this country,

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banking institutions,

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is technically insolvent.

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They have really nothing on their books

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of any resale value at all. What they

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rely on to exist is bailouts and

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handouts.

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from the government. As a matter of

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fact, I'm thinking about making a show

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called Man Street

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staring HSBC

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Royal Scotland boys and partners.

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They

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rely so heavily now on these state

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subsidies that the entire discipline of

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economics

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has been turned upside down. If you

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listen to Mark K who runs the bank of

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England, he warns

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against what he calls

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deflation.

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And yet his cure for deflation

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is to pump these zombie banks with more

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free money. to keep these zombie bands

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alive because they're technically small

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without the free money

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[Music]

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and they go away

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and

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over and over again

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[Applause]

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is the nice thing to me experience

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what's happening in Greece grace. We

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finally said, "You know what? We've had

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enough of Detroit. We've had enough of

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the IMF. We've had enough of the EU.

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We've had enough of banker imposed

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terrorism, financial terrorism.

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And they have put into government now

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folks that are pushing back against

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these institutions. And they're saying,

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"Look, Greece, Gree, we're in Greece.

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Stop trying to steal the state lottery.

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Stop trying to steal the shipping lane,

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the shipping business, the islands of

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Greece to pay off debts that we never

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are responsible for. You oppose them

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from above. And to pay off these debts,

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you're seizing our assets. You're

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seizing the things we spent hundreds of

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years building, thousands of years

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developing. You're stealing them.

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What did this remind you of?

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They say this country is in debt.

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Indeed. Of course, it has a lot of debt

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and the government's opposing austerity.

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What are they stealing this country? The

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NHS,

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the transportation system, the education

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system. Things that you built over the

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decades with your blood, sweat, and

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tears. Good income producing assets.

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They're being sold out from under other

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under other under you to pay death that

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you not create. They were created by

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these bankers amongst themselves to keep

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alive these zombie institutions, banks

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that are technically solid. HSBC is

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technically solid. If you were to go to

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market, try to sell the market, go to

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eBay and put HSBC up for sale and learn

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to market every single one of their

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files on their books. So what it could

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really be sold for, not the nonsense

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that they say they're for, but what they

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can really be sold for, you would be

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getting exactly zero, nothing, none.

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It's worth nothing as of the other three

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major banks in this country. You know,

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the one of the problems in a country

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like Britain with so many clever bankers

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is that if you do put some in jail, they

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simply buy the bank and walk.

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They just leverage the bank and they

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walk out. That's one of the problems.

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Uh speaking of austerity, speaking of uh

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how uh this country crams down your

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throat propaganda that austerity is

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normal and perfectly acceptable. This

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was from the times

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came out with this story not long ago.

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It starts off with a very pleasing

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helpful

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headline.

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Short of cash question mark.

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Well, the Austral

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scientist claim is the cheapest lunch in

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Britain. It consists of two slices of

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bread surrounding a filling of another

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slice of bread.

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Cost is 7 and 12.

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This has been a times in London

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explaining how you can get your way

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through the hard times of almost

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austerity. But let's change gears for a

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second and talk about what's happening

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in the US because I know that in this

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community

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uh there's a lot of pressure that's

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coming down from

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the media, from the politicians who I

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think are unfairly characterizing this

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community in a very negative light.

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And um I was amazed recently and I'm

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00:14:46,160 --> 00:14:48,880
curious what you think about this. I

278
00:14:47,680 --> 00:14:51,920
don't know if you've been following some

279
00:14:48,880 --> 00:14:54,399
of the media in the United States,

280
00:14:51,920 --> 00:14:56,880
but um and I too have been following

281
00:14:54,399 --> 00:14:58,720
George's career quite closely and I was

282
00:14:56,880 --> 00:15:01,120
quite shocked at some of the recent

283
00:14:58,720 --> 00:15:05,519
episodes where he's encountered actual

284
00:15:01,120 --> 00:15:09,040
physical violence. Um, in recently on

285
00:15:05,519 --> 00:15:11,600
the very popular Fox News in the United

286
00:15:09,040 --> 00:15:16,560
States,

287
00:15:11,600 --> 00:15:18,160
there was a prime time episode in which

288
00:15:16,560 --> 00:15:20,560
their

289
00:15:18,160 --> 00:15:23,199
lead presenter, a woman named Judge

290
00:15:20,560 --> 00:15:28,880
Janine Kira,

291
00:15:23,199 --> 00:15:30,880
said, quote, "We need to kill them."

292
00:15:28,880 --> 00:15:33,760
This is what she said on Fox News at

293
00:15:30,880 --> 00:15:36,320
Prime Time. Fox News Judge Jireine Firo

294
00:15:33,760 --> 00:15:39,760
speaks outrage

295
00:15:36,320 --> 00:15:42,399
with unhinged or an unhinged rant about

296
00:15:39,760 --> 00:15:44,800
quote Muslim terrorists.

297
00:15:42,399 --> 00:15:48,160
She goes on to say, "We need to kill

298
00:15:44,800 --> 00:15:51,120
them. We need to kill them. The radical

299
00:15:48,160 --> 00:15:53,360
Muslim terrorists held in on killing us.

300
00:15:51,120 --> 00:15:55,440
You're in danger. I'm in danger. We're

301
00:15:53,360 --> 00:15:59,040
at war. And this is not going to stop."

302
00:15:55,440 --> 00:16:01,279
This was on January 13th.

303
00:15:59,040 --> 00:16:02,959
On February 11th,

304
00:16:01,279 --> 00:16:05,920
this is the recent past. This is really

305
00:16:02,959 --> 00:16:08,000
happening in real time. February 11th,

306
00:16:05,920 --> 00:16:09,600
three Muslim students shot dead near

307
00:16:08,000 --> 00:16:14,000
University of North Carolina Chapel

308
00:16:09,600 --> 00:16:15,839
Hill. Police investigating Steven Hicks

309
00:16:14,000 --> 00:16:21,279
for what they believe to be an a

310
00:16:15,839 --> 00:16:23,199
motivated crime. So here Fox News openly

311
00:16:21,279 --> 00:16:26,000
soliciting

312
00:16:23,199 --> 00:16:27,519
to kill people. very short time

313
00:16:26,000 --> 00:16:30,000
thereafter,

314
00:16:27,519 --> 00:16:33,199
three students, Muslim students are

315
00:16:30,000 --> 00:16:35,920
murdered. That was the response by the

316
00:16:33,199 --> 00:16:37,600
media in in the in America just 2 days

317
00:16:35,920 --> 00:16:40,160
later.

318
00:16:37,600 --> 00:16:44,880
CBS television runs a special report on

319
00:16:40,160 --> 00:16:46,880
quote how to safely find a parking spot

320
00:16:44,880 --> 00:16:49,279
after three students murdered by Craig

321
00:16:46,880 --> 00:16:51,839
Hicks in an apparent dispute over

322
00:16:49,279 --> 00:16:53,839
parking spots.

323
00:16:51,839 --> 00:16:58,759
police dismiss the idea that there was

324
00:16:53,839 --> 00:16:58,759
any realistic worth involved.

325
00:16:58,880 --> 00:17:05,600
So this is in my view

326
00:17:03,600 --> 00:17:08,079
part of

327
00:17:05,600 --> 00:17:10,000
what the struggle is about in terms of

328
00:17:08,079 --> 00:17:13,199
how

329
00:17:10,000 --> 00:17:15,520
the United States economy, which is in

330
00:17:13,199 --> 00:17:17,760
itself a Ponzi scheme that only

331
00:17:15,520 --> 00:17:21,280
functions

332
00:17:17,760 --> 00:17:23,439
in the capacity to wage war,

333
00:17:21,280 --> 00:17:26,799
is looking to wage war in any way that

334
00:17:23,439 --> 00:17:28,880
they can. And the media is so captive

335
00:17:26,799 --> 00:17:32,400
and so

336
00:17:28,880 --> 00:17:34,400
managed and censored that CBS television

337
00:17:32,400 --> 00:17:37,280
news, home of Walter Crocker,

338
00:17:34,400 --> 00:17:39,919
considering the standard bearer of news

339
00:17:37,280 --> 00:17:41,919
in America, was saying 2 days after

340
00:17:39,919 --> 00:17:45,280
three people were murdered in what is

341
00:17:41,919 --> 00:17:48,880
obviously a religiously motivated hate

342
00:17:45,280 --> 00:17:54,280
crime at the behest of Fox News, which

343
00:17:48,880 --> 00:17:54,280
characterized this as an episode of a

344
00:17:54,559 --> 00:18:00,880
That to me goes beyond

345
00:17:57,840 --> 00:18:05,360
being nearly irresponsible. That that to

346
00:18:00,880 --> 00:18:08,320
me means that there truly is

347
00:18:05,360 --> 00:18:13,440
a a conflict and and tension and and

348
00:18:08,320 --> 00:18:16,240
we're on a a serious path toward uh

349
00:18:13,440 --> 00:18:19,520
needing to resolve

350
00:18:16,240 --> 00:18:23,280
these issues. But in my view, ladies and

351
00:18:19,520 --> 00:18:25,200
gentlemen, in my view, it does come back

352
00:18:23,280 --> 00:18:27,520
to the economics, what I would call the

353
00:18:25,200 --> 00:18:30,559
economics of hatred.

354
00:18:27,520 --> 00:18:34,160
Because in the United States, economics

355
00:18:30,559 --> 00:18:36,720
of hatred pays. And this is carried over

356
00:18:34,160 --> 00:18:39,520
into the United Kingdom.

357
00:18:36,720 --> 00:18:42,400
Hatred is the fastest way to make money.

358
00:18:39,520 --> 00:18:43,840
Fear is the fastest way to make money. I

359
00:18:42,400 --> 00:18:46,320
know from working on Wall Street for

360
00:18:43,840 --> 00:18:48,960
many years that it's much easier to get

361
00:18:46,320 --> 00:18:51,360
somebody to motivate them to sell in

362
00:18:48,960 --> 00:18:53,440
panic out of fear and then commission

363
00:18:51,360 --> 00:18:55,520
than to get somebody to buy something

364
00:18:53,440 --> 00:18:59,120
out of faith that they're going to be

365
00:18:55,520 --> 00:19:01,679
wealthier and have that hope. Hope never

366
00:18:59,120 --> 00:19:04,799
makes as much money as fear. That's why

367
00:19:01,679 --> 00:19:07,679
on events like the 1987 stock market

368
00:19:04,799 --> 00:19:10,799
crash or other like events, stock

369
00:19:07,679 --> 00:19:14,160
brokers make out like bands because that

370
00:19:10,799 --> 00:19:17,280
kind of sudden influx of panic and fear

371
00:19:14,160 --> 00:19:20,080
drives all kinds of markets to extremes.

372
00:19:17,280 --> 00:19:22,960
And this is where the professionals on

373
00:19:20,080 --> 00:19:25,840
the inside are making most of their

374
00:19:22,960 --> 00:19:28,720
money. So there's a motivation to create

375
00:19:25,840 --> 00:19:31,679
chaos. There's a motivation to create

376
00:19:28,720 --> 00:19:33,440
fear because it's profitable. And that's

377
00:19:31,679 --> 00:19:35,280
the economics of hatred and the

378
00:19:33,440 --> 00:19:36,960
economics of fear. And that's what I see

379
00:19:35,280 --> 00:19:38,559
in this current coalition government.

380
00:19:36,960 --> 00:19:40,080
That's what I see in all the parties in

381
00:19:38,559 --> 00:19:42,080
the UK is that they're pushing this

382
00:19:40,080 --> 00:19:44,240
economics of fear. They don't want

383
00:19:42,080 --> 00:19:45,600
people to take a step back and think,

384
00:19:44,240 --> 00:19:47,280
you know what, maybe it doesn't make

385
00:19:45,600 --> 00:19:49,280
sense that interest rates are being

386
00:19:47,280 --> 00:19:51,520
driven to zero. I did nothing on my

387
00:19:49,280 --> 00:19:54,160
pension returns. I have no savings. I'm

388
00:19:51,520 --> 00:19:57,120
being panicked into participating in all

389
00:19:54,160 --> 00:19:59,200
manner of schemes and buyouts and letter

390
00:19:57,120 --> 00:20:01,919
buyouts and restructurings that make no

391
00:19:59,200 --> 00:20:05,280
economic sense whatsoever. The costs for

392
00:20:01,919 --> 00:20:07,440
me are going up. If the government and

393
00:20:05,280 --> 00:20:10,320
Mark Card is saying the problem is

394
00:20:07,440 --> 00:20:12,160
deflation, can I let me by a show of

395
00:20:10,320 --> 00:20:14,799
hands in this room? How many are

396
00:20:12,160 --> 00:20:18,480
experiencing prices

397
00:20:14,799 --> 00:20:20,960
uh that are deflating going down at the

398
00:20:18,480 --> 00:20:22,640
end of the month? Are prices that you're

399
00:20:20,960 --> 00:20:24,559
charging the grocery bill? Are you are

400
00:20:22,640 --> 00:20:26,480
are your costs or your monthly expenses

401
00:20:24,559 --> 00:20:31,159
are they going are they going down by

402
00:20:26,480 --> 00:20:31,159
show or are they going up?

403
00:20:32,159 --> 00:20:37,520
Well, so what do they mean when they say

404
00:20:34,480 --> 00:20:40,159
that there's deflation?

405
00:20:37,520 --> 00:20:42,720
Well, there's deflation on the balance

406
00:20:40,159 --> 00:20:45,200
sheet of these banks with their bonds

407
00:20:42,720 --> 00:20:47,039
are collapsing because they're worthless

408
00:20:45,200 --> 00:20:49,039
and it requires them to print lots of

409
00:20:47,039 --> 00:20:50,880
money to bail out these banks. And oh,

410
00:20:49,039 --> 00:20:52,480
by the way, there's a correlary to that

411
00:20:50,880 --> 00:20:55,679
and that is that your purchasing power

412
00:20:52,480 --> 00:20:57,840
for your British pound that goes down

413
00:20:55,679 --> 00:21:01,200
and wages

414
00:20:57,840 --> 00:21:04,320
of course are not going up. Wages are

415
00:21:01,200 --> 00:21:06,480
flat and wages are going down.

416
00:21:04,320 --> 00:21:09,760
Uh so when you add that all together,

417
00:21:06,480 --> 00:21:13,200
you end up with lower and lower living

418
00:21:09,760 --> 00:21:16,000
standards and more tension. And to shift

419
00:21:13,200 --> 00:21:19,840
blame from the bankers who are

420
00:21:16,000 --> 00:21:24,799
engineering this financial nightmare,

421
00:21:19,840 --> 00:21:27,280
they stir racial hatred and fear and

422
00:21:24,799 --> 00:21:28,799
they do it in the US and they do it

423
00:21:27,280 --> 00:21:32,799
here.

424
00:21:28,799 --> 00:21:36,080
But at the root of it all is uh this

425
00:21:32,799 --> 00:21:40,880
need to keep alive

426
00:21:36,080 --> 00:21:42,480
a system which has essentially died is a

427
00:21:40,880 --> 00:21:45,360
corpse

428
00:21:42,480 --> 00:21:48,320
and the only way to cure this problem is

429
00:21:45,360 --> 00:21:51,520
to do what Iceland has done is to simply

430
00:21:48,320 --> 00:21:54,799
let the bad banks die. Put bankers in

431
00:21:51,520 --> 00:21:57,039
jail. protector of deposits, of course,

432
00:21:54,799 --> 00:21:59,600
open up some banks that are not run by

433
00:21:57,039 --> 00:22:03,120
crooks and allow the banking structure

434
00:21:59,600 --> 00:22:05,200
to exist in a genuine

435
00:22:03,120 --> 00:22:09,360
as to what bankers should do. It was

436
00:22:05,200 --> 00:22:12,720
recently quoted a banker said that

437
00:22:09,360 --> 00:22:14,960
he didn't care that his depositors were

438
00:22:12,720 --> 00:22:16,880
not making any money on their deposits.

439
00:22:14,960 --> 00:22:18,559
He said, "Quite frankly, we don't need

440
00:22:16,880 --> 00:22:21,039
depositors."

441
00:22:18,559 --> 00:22:24,799
The same banker said, "Well, we can't

442
00:22:21,039 --> 00:22:27,600
make loans to creative businesses

443
00:22:24,799 --> 00:22:30,240
because we need to service our debt on

444
00:22:27,600 --> 00:22:32,880
our balance sheet." So, these banks are

445
00:22:30,240 --> 00:22:35,200
not making loans and they're not paying

446
00:22:32,880 --> 00:22:37,039
on your deposits.

447
00:22:35,200 --> 00:22:38,400
So, if the bank's not paying any money

448
00:22:37,039 --> 00:22:40,880
on deposits, they're not making loans.

449
00:22:38,400 --> 00:22:43,120
What is that bank doing? The definition

450
00:22:40,880 --> 00:22:45,840
of a bank is that it makes loans and pay

451
00:22:43,120 --> 00:22:48,799
deposits. That's what a bank does. If it

452
00:22:45,840 --> 00:22:52,720
doesn't, it's not a bank.

453
00:22:48,799 --> 00:22:54,400
And what is it? It's a it's a parasite.

454
00:22:52,720 --> 00:22:56,480
It's it's an institution that's held

455
00:22:54,400 --> 00:22:59,120
only your government hostage. And if the

456
00:22:56,480 --> 00:23:02,080
government deregulated back, it'll crash

457
00:22:59,120 --> 00:23:03,600
the economy. It'll crash the markets.

458
00:23:02,080 --> 00:23:06,600
You're being held hostage by

459
00:23:03,600 --> 00:23:06,600
psychopaths.

460
00:23:06,720 --> 00:23:12,640
Uh, I'll give you proof. This is from a

461
00:23:10,799 --> 00:23:14,559
Wall Street Journal article I read in

462
00:23:12,640 --> 00:23:16,480
2005,

463
00:23:14,559 --> 00:23:19,520
which I and I keep with me. It's very

464
00:23:16,480 --> 00:23:22,320
telling. It's called Lessons from the

465
00:23:19,520 --> 00:23:26,559
Brain Damaged Investor.

466
00:23:22,320 --> 00:23:28,559
The UK invest investment banker says

467
00:23:26,559 --> 00:23:31,360
at one major investment bank in which I

468
00:23:28,559 --> 00:23:33,600
worked, we use psychometric testing to

469
00:23:31,360 --> 00:23:35,600
recruit psychopaths

470
00:23:33,600 --> 00:23:38,640
because they're

471
00:23:35,600 --> 00:23:42,320
the characteristics exactly suited the

472
00:23:38,640 --> 00:23:44,240
senior corporate finance roles.

473
00:23:42,320 --> 00:23:47,280
Why? Why is that? Why would they recruit

474
00:23:44,240 --> 00:23:49,200
psychopaths to be in a bank to manage

475
00:23:47,280 --> 00:23:51,280
money? Because if you're a psychopath,

476
00:23:49,200 --> 00:23:53,280
you lack something very key. It's called

477
00:23:51,280 --> 00:23:55,679
empathy.

478
00:23:53,280 --> 00:23:58,240
And if you had empathy and you worked at

479
00:23:55,679 --> 00:24:01,520
the bank, would you be doing what the

480
00:23:58,240 --> 00:24:04,480
head of HSBC is doing? ripping financing

481
00:24:01,520 --> 00:24:08,400
Mexican drug cartels, ripping off the

482
00:24:04,480 --> 00:24:10,799
tax system. Um, no, because he has some

483
00:24:08,400 --> 00:24:13,039
empathy, but empathy is stripped away.

484
00:24:10,799 --> 00:24:15,760
Uh, this was part of a story about

485
00:24:13,039 --> 00:24:19,039
Robert Bales, a US soldier suspected of

486
00:24:15,760 --> 00:24:23,000
an Afghan massacre of 16 civilians whose

487
00:24:19,039 --> 00:24:23,000
previous job was a stock.

488
00:24:23,520 --> 00:24:30,320
Uh just like what happens when you

489
00:24:26,720 --> 00:24:32,720
recruit mad men in the field uh they

490
00:24:30,320 --> 00:24:35,840
have a habit of sometimes fighting

491
00:24:32,720 --> 00:24:37,840
against you. The same thing

492
00:24:35,840 --> 00:24:40,480
uh can happen in the world of business

493
00:24:37,840 --> 00:24:42,640
and finance. If you hire psychopaths

494
00:24:40,480 --> 00:24:45,919
because you know that they will perform

495
00:24:42,640 --> 00:24:48,960
ungodly acts of of uh ripping people

496
00:24:45,919 --> 00:24:51,440
off, destroying the system and and

497
00:24:48,960 --> 00:24:53,840
psychotic acts of financial terrorism.

498
00:24:51,440 --> 00:24:56,880
They can they can they can come back at

499
00:24:53,840 --> 00:24:58,320
you and and you can it can harm you. One

500
00:24:56,880 --> 00:25:00,960
one of the biggest the strongest

501
00:24:58,320 --> 00:25:02,799
examples of how of what happens when you

502
00:25:00,960 --> 00:25:05,840
allow somebody who's got the

503
00:25:02,799 --> 00:25:08,240
psychopathic demeanor of a banker in

504
00:25:05,840 --> 00:25:10,720
office. I refer to this to the story of

505
00:25:08,240 --> 00:25:13,440
Tony Blair

506
00:25:10,720 --> 00:25:15,600
who I would say is the prototypical

507
00:25:13,440 --> 00:25:17,360
stock broker turn psychopathic political

508
00:25:15,600 --> 00:25:19,440
leader

509
00:25:17,360 --> 00:25:21,120
and I I've I've told this story a few

510
00:25:19,440 --> 00:25:24,000
times. I think it's one of the most

511
00:25:21,120 --> 00:25:28,240
disturbing stories in recent British

512
00:25:24,000 --> 00:25:31,120
history. But uh Tony Blair was in office

513
00:25:28,240 --> 00:25:34,240
during a time when the British a case

514
00:25:31,120 --> 00:25:35,760
was being investigated for a major

515
00:25:34,240 --> 00:25:40,480
problem. They had a 200 million pound

516
00:25:35,760 --> 00:25:43,840
slush fund that they were using uh to

517
00:25:40,480 --> 00:25:47,120
launder money back and forth

518
00:25:43,840 --> 00:25:50,159
uh between uh you know this huge deal

519
00:25:47,120 --> 00:25:54,720
was being done between Britain and uh

520
00:25:50,159 --> 00:25:57,360
and and Saudi Arabia. And um

521
00:25:54,720 --> 00:26:00,720
the the Financial Times did a very

522
00:25:57,360 --> 00:26:02,960
powerful expose of this. Um they were

523
00:26:00,720 --> 00:26:06,960
being investigated by the slush fund and

524
00:26:02,960 --> 00:26:09,760
apparently Vandar Vandar told Tony Blair

525
00:26:06,960 --> 00:26:11,919
while he was in office that if the

526
00:26:09,760 --> 00:26:15,120
serious fraud office did not call the

527
00:26:11,919 --> 00:26:18,799
investigation in the slush that he could

528
00:26:15,120 --> 00:26:22,400
not guarantee another 77 like bus filing

529
00:26:18,799 --> 00:26:25,120
wouldn't happen in London.

530
00:26:22,400 --> 00:26:28,320
Think about that for a second. This of

531
00:26:25,120 --> 00:26:31,360
course uh was after

532
00:26:28,320 --> 00:26:33,919
911. a sitting prime minister being

533
00:26:31,360 --> 00:26:36,240
threatened with an act of terror. And

534
00:26:33,919 --> 00:26:37,760
what does Tony do?

535
00:26:36,240 --> 00:26:42,159
Um

536
00:26:37,760 --> 00:26:45,760
he of course does not. Uh and this the

537
00:26:42,159 --> 00:26:48,480
serious fraud office of course does not.

538
00:26:45,760 --> 00:26:50,880
Uh the regulators in this country do

539
00:26:48,480 --> 00:26:53,039
nothing. Uh they are completely captured

540
00:26:50,880 --> 00:26:56,000
by the banks. uh and you're seeing this

541
00:26:53,039 --> 00:26:59,360
now with HSP scandals and many other

542
00:26:56,000 --> 00:27:01,919
scandals that uh there's absolutely no

543
00:26:59,360 --> 00:27:04,480
push back by the regulators.

544
00:27:01,919 --> 00:27:07,480
Occasionally though. Occasionally

545
00:27:04,480 --> 00:27:07,480
though,

546
00:27:17,440 --> 00:27:23,840
[Applause]

547
00:27:19,600 --> 00:27:25,760
you do see small acts of protest.

548
00:27:23,840 --> 00:27:27,679
Um, here's a headline. That's the wrong

549
00:27:25,760 --> 00:27:29,919
kind of deposit.

550
00:27:27,679 --> 00:27:32,240
A barbecue bank customer poops all over

551
00:27:29,919 --> 00:27:33,919
the floor.

552
00:27:32,240 --> 00:27:35,600
A middle-aged man described as a

553
00:27:33,919 --> 00:27:37,200
wellto-d do walked confidently to the

554
00:27:35,600 --> 00:27:41,120
branch of Barbies and started leaving

555
00:27:37,200 --> 00:27:44,480
nonmonetary deposits on the floor

556
00:27:41,120 --> 00:27:46,480
in front of our spy customers.

557
00:27:44,480 --> 00:27:48,559
One eyewitness said the man was calm and

558
00:27:46,480 --> 00:27:52,600
angry

559
00:27:48,559 --> 00:27:52,600
as he made his mess today.

560
00:27:52,640 --> 00:27:58,720
Small acts of defiance.

561
00:27:55,600 --> 00:28:01,200
Small acts of defiance.

562
00:27:58,720 --> 00:28:03,679
So it sometimes lead to to to more

563
00:28:01,200 --> 00:28:06,480
organized and and and bigger push back

564
00:28:03,679 --> 00:28:08,240
and we do have seen that in Iceland and

565
00:28:06,480 --> 00:28:12,960
I think Greece is a major turning point

566
00:28:08,240 --> 00:28:17,440
in this uh banking recent history of the

567
00:28:12,960 --> 00:28:20,720
tension between the uh the have nots and

568
00:28:17,440 --> 00:28:25,760
the have yachts.

569
00:28:20,720 --> 00:28:31,200
uh how how would I uh boil this all down

570
00:28:25,760 --> 00:28:34,159
to to to one equation if you will one

571
00:28:31,200 --> 00:28:36,159
one point and I think

572
00:28:34,159 --> 00:28:37,600
this this quote from Warren Buffett

573
00:28:36,159 --> 00:28:41,120
who's one of the richest guys in the

574
00:28:37,600 --> 00:28:44,399
world says it nicely he says

575
00:28:41,120 --> 00:28:47,360
there is class warfare all right but

576
00:28:44,399 --> 00:28:51,120
it's my class the rich class that's

577
00:28:47,360 --> 00:28:51,120
making war and we're

578
00:28:51,919 --> 00:28:57,039
And that's pretty much what I think is a

579
00:28:54,240 --> 00:28:59,039
good way to look at in the world from

580
00:28:57,039 --> 00:29:02,720
this point of view. There's a war going

581
00:28:59,039 --> 00:29:05,279
on. It's a class war, but it's coming

582
00:29:02,720 --> 00:29:08,720
from the top and it's attacking the

583
00:29:05,279 --> 00:29:11,600
bottom. Now, how do the rich wage class

584
00:29:08,720 --> 00:29:14,640
war against the poor? And if you think

585
00:29:11,600 --> 00:29:17,440
about it, when it's the poor waging

586
00:29:14,640 --> 00:29:19,440
class war against the rich, famously the

587
00:29:17,440 --> 00:29:22,480
French Revolution,

588
00:29:19,440 --> 00:29:24,799
you had decapitation.

589
00:29:22,480 --> 00:29:28,559
That was the centerpiece of the reign of

590
00:29:24,799 --> 00:29:31,760
terror and the end of nobility in that

591
00:29:28,559 --> 00:29:37,120
era. When it's the rich going after the

592
00:29:31,760 --> 00:29:40,120
poor, it's de capitalization.

593
00:29:37,120 --> 00:29:40,120
Decapation.

594
00:29:41,279 --> 00:29:49,360
Any way this class can decapize you, can

595
00:29:45,840 --> 00:29:51,200
remove your economic sovereignty,

596
00:29:49,360 --> 00:29:56,080
they will.

597
00:29:51,200 --> 00:29:57,760
Mostly it comes from increasing

598
00:29:56,080 --> 00:30:00,720
debt.

599
00:29:57,760 --> 00:30:04,399
The more that you increase that, the

600
00:30:00,720 --> 00:30:08,640
more you lose your economic freedom,

601
00:30:04,399 --> 00:30:11,360
your economic sovereignty, your voice.

602
00:30:08,640 --> 00:30:14,240
And um

603
00:30:11,360 --> 00:30:17,440
for example, in Britain,

604
00:30:14,240 --> 00:30:20,480
Britain pays every week

605
00:30:17,440 --> 00:30:24,640
one billion pounds

606
00:30:20,480 --> 00:30:28,240
of interest on the debt. Just the

607
00:30:24,640 --> 00:30:31,240
interest cost on Britain's

608
00:30:28,240 --> 00:30:31,240
1.6

609
00:30:31,840 --> 00:30:38,640
trillion pounds of debts to be2 trillion

610
00:30:34,640 --> 00:30:41,360
pounds of debt works out to a billion

611
00:30:38,640 --> 00:30:43,279
pounds a week. That's not money that's

612
00:30:41,360 --> 00:30:44,720
going into the NHS. That's not money

613
00:30:43,279 --> 00:30:47,120
that's going into education.

614
00:30:44,720 --> 00:30:49,679
Infrastructure. It's going into debt

615
00:30:47,120 --> 00:30:52,000
service. Why is the country in so much

616
00:30:49,679 --> 00:30:56,960
debt? Is it because the economy is

617
00:30:52,000 --> 00:31:00,080
growing? Well, not really. Um, is the

618
00:30:56,960 --> 00:31:03,360
economy generating highpaying jobs, wage

619
00:31:00,080 --> 00:31:06,000
growth? No. The economy is producing

620
00:31:03,360 --> 00:31:08,399
debt. It's producing incredible amounts

621
00:31:06,000 --> 00:31:10,720
of debt, as is the US economy. Historic

622
00:31:08,399 --> 00:31:13,360
amounts of debt. The total world

623
00:31:10,720 --> 00:31:17,120
indebtedness over the past since 2007

624
00:31:13,360 --> 00:31:21,760
has increased by 57 trillion.

625
00:31:17,120 --> 00:31:24,720
It now stands at $199 trillion.

626
00:31:21,760 --> 00:31:27,679
the world's debt load. So just in the

627
00:31:24,720 --> 00:31:31,360
past seven or eight years, the world has

628
00:31:27,679 --> 00:31:35,440
gone from trading at 240%

629
00:31:31,360 --> 00:31:39,519
debt to GDP to almost 300%

630
00:31:35,440 --> 00:31:42,799
debt to GDP. The debt is skyrocketing

631
00:31:39,519 --> 00:31:45,679
because debt is how

632
00:31:42,799 --> 00:31:50,080
this rich class as Warren Buffett

633
00:31:45,679 --> 00:31:53,120
explains it can decapize

634
00:31:50,080 --> 00:31:56,880
everybody else. How come during the last

635
00:31:53,120 --> 00:31:59,600
7 years during a period when GDP and

636
00:31:56,880 --> 00:32:03,840
wages and the economy for everybody was

637
00:31:59,600 --> 00:32:06,799
basically flat to down did the top

638
00:32:03,840 --> 00:32:09,760
generate profits and wealth gains of 300

639
00:32:06,799 --> 00:32:12,000
400 500%.

640
00:32:09,760 --> 00:32:17,200
How is that possible? Because they're

641
00:32:12,000 --> 00:32:19,200
the ones that get fees on the debt.

642
00:32:17,200 --> 00:32:22,240
They they make the fees. What do you do

643
00:32:19,200 --> 00:32:25,760
with your fee? He just sold a 20 billion

644
00:32:22,240 --> 00:32:29,120
pound charge of debt to the the

645
00:32:25,760 --> 00:32:31,120
government to fund some cockaman scheme

646
00:32:29,120 --> 00:32:34,080
in the Middle East to blow up people.

647
00:32:31,120 --> 00:32:38,159
Well, you know, you're going to buy a

648
00:32:34,080 --> 00:32:41,200
slab of London for 20 million.

649
00:32:38,159 --> 00:32:43,039
You're going to buy a wall for £100

650
00:32:41,200 --> 00:32:45,120
million.

651
00:32:43,039 --> 00:32:46,799
That's fees on debt, not fees on

652
00:32:45,120 --> 00:32:48,960
generating jobs, fees on generating

653
00:32:46,799 --> 00:32:51,519
growth, fees on generating life.

654
00:32:48,960 --> 00:32:54,960
improvements to speed on generating debt

655
00:32:51,519 --> 00:32:57,200
on top of debt service for debt and this

656
00:32:54,960 --> 00:33:00,159
government says well we're not talking

657
00:32:57,200 --> 00:33:01,919
about slap on the wrist partly slap on

658
00:33:00,159 --> 00:33:03,760
the wrist parties had a group within the

659
00:33:01,919 --> 00:33:06,080
bank called the global structuring group

660
00:33:03,760 --> 00:33:08,240
whose job was to find their own

661
00:33:06,080 --> 00:33:10,640
customers who were straddling the line

662
00:33:08,240 --> 00:33:12,799
of bankruptcy push them over the edge

663
00:33:10,640 --> 00:33:14,559
push into bankruptcy and then buy the

664
00:33:12,799 --> 00:33:17,760
assets and pay some dollar and sell it

665
00:33:14,559 --> 00:33:19,840
to another division

666
00:33:17,760 --> 00:33:22,320
[Applause]

667
00:33:19,840 --> 00:33:25,279
That's your man

668
00:33:22,320 --> 00:33:28,760
attacking your company with your job

669
00:33:25,279 --> 00:33:28,760
with your money.

670
00:33:37,200 --> 00:33:41,519
What the solution from the government?

671
00:33:38,799 --> 00:33:44,960
Well, here's a great solution. Because

672
00:33:41,519 --> 00:33:47,600
all this debt looks about as appealing

673
00:33:44,960 --> 00:33:49,760
as the man of Barkley's bank who soiled

674
00:33:47,600 --> 00:33:51,760
the floor.

675
00:33:49,760 --> 00:33:55,120
The government is trying to find out how

676
00:33:51,760 --> 00:33:59,440
to improve GDP somehow. We got to make

677
00:33:55,120 --> 00:34:02,320
the GDP look bigger so that uh this debt

678
00:33:59,440 --> 00:34:04,000
that is growing catastrophically looks

679
00:34:02,320 --> 00:34:05,600
smaller. So what has the government done

680
00:34:04,000 --> 00:34:07,840
recently?

681
00:34:05,600 --> 00:34:11,280
There's probably 10,000 guys exactly

682
00:34:07,840 --> 00:34:13,280
like Tony Blair. They're equally funded.

683
00:34:11,280 --> 00:34:15,679
They're equally without morals or

684
00:34:13,280 --> 00:34:18,399
ethics. They're equally dangerous.

685
00:34:15,679 --> 00:34:21,839
They're equally ehmaniacal.

686
00:34:18,399 --> 00:34:24,399
and they're out there just screwing

687
00:34:21,839 --> 00:34:26,800
everything so badly, so immersively

688
00:34:24,399 --> 00:34:29,200
because in this country which has become

689
00:34:26,800 --> 00:34:31,520
I guess

690
00:34:29,200 --> 00:34:33,839
one of one of the big points here is

691
00:34:31,520 --> 00:34:36,949
that the United Kingdom has some have

692
00:34:33,839 --> 00:34:44,159
described it as necessig

693
00:34:36,949 --> 00:34:48,079
[Music]

694
00:34:44,159 --> 00:34:50,960
Bernie Maidoff Lehman Brothers JP Morgan

695
00:34:48,079 --> 00:34:53,040
and they all have had the majority of

696
00:34:50,960 --> 00:34:56,079
their activities come through London

697
00:34:53,040 --> 00:34:58,320
because London has the easiest

698
00:34:56,079 --> 00:35:01,440
regulations in the world. Criminal

699
00:34:58,320 --> 00:35:03,599
banksters shop their fraud in London

700
00:35:01,440 --> 00:35:06,640
because it's the best place to commit

701
00:35:03,599 --> 00:35:09,280
financial fraud. And this point again is

702
00:35:06,640 --> 00:35:13,040
not is not unknown.

703
00:35:09,280 --> 00:35:16,880
Um many many people have made have made

704
00:35:13,040 --> 00:35:19,440
a note of this and um just to point out

705
00:35:16,880 --> 00:35:22,800
that these folks are not exactly taking

706
00:35:19,440 --> 00:35:26,400
your plane or my plane uh in in a way

707
00:35:22,800 --> 00:35:28,960
that's uh making them lose any sleep. Uh

708
00:35:26,400 --> 00:35:33,040
the makers of Monopoly, anyone here play

709
00:35:28,960 --> 00:35:35,440
Monopolies again? Yeah. Pastro they they

710
00:35:33,040 --> 00:35:38,000
have a new addition. They replaced the

711
00:35:35,440 --> 00:35:40,400
fake money with real cash

712
00:35:38,000 --> 00:35:42,320
in some sets. Meaning the lucky these uh

713
00:35:40,400 --> 00:35:46,079
each each

714
00:35:42,320 --> 00:35:49,119
uh set comes with 20,580

715
00:35:46,079 --> 00:35:51,839
euros. So it's the perfect Valentine's

716
00:35:49,119 --> 00:35:53,520
gift for that special someone

717
00:35:51,839 --> 00:35:55,119
that you want in your life instead of

718
00:35:53,520 --> 00:35:57,839
Monopoly actual money. So they're not

719
00:35:55,119 --> 00:36:00,000
exactly hiding hiding all this that

720
00:35:57,839 --> 00:36:01,920
they're doing. The the the number of

721
00:36:00,000 --> 00:36:04,320
crimes that these banks have committed.

722
00:36:01,920 --> 00:36:05,760
I have I could I could mention, you

723
00:36:04,320 --> 00:36:08,160
know, hundred of them, but I think you

724
00:36:05,760 --> 00:36:11,040
get the basic the basic point. And I

725
00:36:08,160 --> 00:36:13,680
think George wanted me to get into a bit

726
00:36:11,040 --> 00:36:16,640
of a Q&A. But before I turn it over back

727
00:36:13,680 --> 00:36:19,119
to George, I just want to review a

728
00:36:16,640 --> 00:36:20,720
couple of quotes that I have collected

729
00:36:19,119 --> 00:36:23,839
over the years that I think are

730
00:36:20,720 --> 00:36:26,079
pertinent in these times.

731
00:36:23,839 --> 00:36:29,280
uh in 1790,

732
00:36:26,079 --> 00:36:31,680
John Lockach, one of the architects, if

733
00:36:29,280 --> 00:36:34,800
you will, of the enlightenment, when the

734
00:36:31,680 --> 00:36:36,720
social contract is broken, the people

735
00:36:34,800 --> 00:36:38,320
must revolt.

736
00:36:36,720 --> 00:36:40,320
And that's what the people of Iceland

737
00:36:38,320 --> 00:36:43,359
and Greece are doing. And clearly, the

738
00:36:40,320 --> 00:36:45,920
social contract is broken. When HSBC or

739
00:36:43,359 --> 00:36:50,400
Barclays or RBS says technically we're

740
00:36:45,920 --> 00:36:53,440
not breaking the law, the response is

741
00:36:50,400 --> 00:36:56,880
you've broken the social contract. You

742
00:36:53,440 --> 00:36:59,920
do what you do because of what our law

743
00:36:56,880 --> 00:37:01,920
in putting you in that position as part

744
00:36:59,920 --> 00:37:05,599
of this social contract between the

745
00:37:01,920 --> 00:37:08,240
governed and the governors. When you

746
00:37:05,599 --> 00:37:10,400
break when it's broken,

747
00:37:08,240 --> 00:37:12,640
you must revolt. That's what the

748
00:37:10,400 --> 00:37:14,160
architects of the the Constitution of

749
00:37:12,640 --> 00:37:17,760
the United States, the Bill of Rights,

750
00:37:14,160 --> 00:37:20,000
the Declaration of Independence,

751
00:37:17,760 --> 00:37:22,000
the thinkers of

752
00:37:20,000 --> 00:37:23,359
in this country, Adam Smith, part of the

753
00:37:22,000 --> 00:37:24,960
Enlightenment, who understood how to

754
00:37:23,359 --> 00:37:26,960
build an economy where the risks are

755
00:37:24,960 --> 00:37:29,520
spread out.

756
00:37:26,960 --> 00:37:32,800
They understand that it's based on on a

757
00:37:29,520 --> 00:37:36,160
promise between two parties. And if that

758
00:37:32,800 --> 00:37:38,960
party if it it was destroyed, there's no

759
00:37:36,160 --> 00:37:42,960
excuse that these bankers can make at

760
00:37:38,960 --> 00:37:48,000
this point that would preclude

761
00:37:42,960 --> 00:37:50,640
a a major uprising. Um Mark Carney,

762
00:37:48,000 --> 00:37:54,400
Bank of England governor, said jailing

763
00:37:50,640 --> 00:37:56,880
bankers will not fix bad behavior.

764
00:37:54,400 --> 00:37:58,800
That's an appalling statement. You know

765
00:37:56,880 --> 00:38:01,839
why why don't we apply that to everybody

766
00:37:58,800 --> 00:38:04,960
in the society? If I go steal, you know,

767
00:38:01,839 --> 00:38:07,280
some Lucas Egg at the corner shop, you

768
00:38:04,960 --> 00:38:08,960
know, um I don't if I say I don't think

769
00:38:07,280 --> 00:38:12,160
putting me in jail is going to cure my

770
00:38:08,960 --> 00:38:14,960
bad behavior. Is that is that sufficient

771
00:38:12,160 --> 00:38:16,880
uh defense? But here it is, the governor

772
00:38:14,960 --> 00:38:20,720
of the the Bank of England making that

773
00:38:16,880 --> 00:38:23,760
claim. Um

774
00:38:20,720 --> 00:38:25,520
Larry Summers of course Bill Black who's

775
00:38:23,760 --> 00:38:27,760
one of the most famous regulators in the

776
00:38:25,520 --> 00:38:30,880
world said that London is a financial

777
00:38:27,760 --> 00:38:33,359
regulatory cesspit. Paul Moore formerly

778
00:38:30,880 --> 00:38:35,599
of H boss said that London is the center

779
00:38:33,359 --> 00:38:39,280
of a financial holocaust. He made this

780
00:38:35,599 --> 00:38:41,359
remark on my show of describing 100

781
00:38:39,280 --> 00:38:43,520
million people thrust into abject

782
00:38:41,359 --> 00:38:45,040
poverty due to the crimes of banking

783
00:38:43,520 --> 00:38:46,480
elite.

784
00:38:45,040 --> 00:38:50,960
How many of those people are going to be

785
00:38:46,480 --> 00:38:53,359
dead? millions and millions. So his his

786
00:38:50,960 --> 00:38:55,119
remarks, I believe, are well are well

787
00:38:53,359 --> 00:38:58,320
founded.

788
00:38:55,119 --> 00:39:00,880
And um with that, George, I mean, I

789
00:38:58,320 --> 00:39:03,040
think I've covered the gamma and we can

790
00:39:00,880 --> 00:39:06,040
go to a Q&A if that's okay. What do you

791
00:39:03,040 --> 00:39:06,040
think?

792
00:39:16,079 --> 00:39:22,800
A few things. All of this criminality

793
00:39:21,040 --> 00:39:26,400
began

794
00:39:22,800 --> 00:39:30,240
and most of it happened when we had a

795
00:39:26,400 --> 00:39:32,320
so-called Labor government in power.

796
00:39:30,240 --> 00:39:34,079
All of it.

797
00:39:32,320 --> 00:39:38,960
That's why

798
00:39:34,079 --> 00:39:42,240
it's so easy for David Cameron to answer

799
00:39:38,960 --> 00:39:45,520
the attack which Ed Milliban is now

800
00:39:42,240 --> 00:39:48,000
making and which I support.

801
00:39:45,520 --> 00:39:52,000
All that Cameron has to say, for

802
00:39:48,000 --> 00:39:54,480
example, on the HSBC issue

803
00:39:52,000 --> 00:39:56,960
is that every single one of these crimes

804
00:39:54,480 --> 00:40:00,000
that you are talking about took place

805
00:39:56,960 --> 00:40:03,520
when you were in Ghana.

806
00:40:00,000 --> 00:40:07,599
Tony Blair and Gordon Brown

807
00:40:03,520 --> 00:40:11,280
boasted of the extent to which they made

808
00:40:07,599 --> 00:40:14,720
London the crime capital, the financial

809
00:40:11,280 --> 00:40:18,000
crime capital of the world.

810
00:40:14,720 --> 00:40:20,560
One of the biggest criminal outfits is

811
00:40:18,000 --> 00:40:23,280
called Goldman Sachs.

812
00:40:20,560 --> 00:40:27,520
You remember them? One of their

813
00:40:23,280 --> 00:40:32,000
directors was so rich that he didn't

814
00:40:27,520 --> 00:40:36,079
notice his personal secretary stealing

815
00:40:32,000 --> 00:40:39,280
2.3 million from his personal bank

816
00:40:36,079 --> 00:40:41,280
account. She was coming to her work in a

817
00:40:39,280 --> 00:40:44,160
yacht.

818
00:40:41,280 --> 00:40:47,359
I'm not making that up. She was birthing

819
00:40:44,160 --> 00:40:49,839
it in St. Catherine's stock at the Tower

820
00:40:47,359 --> 00:40:53,599
of Mother. She was walking around all

821
00:40:49,839 --> 00:40:57,440
day jangling her jewelry and he didn't

822
00:40:53,599 --> 00:41:02,160
know that she paid for all out of his

823
00:40:57,440 --> 00:41:06,640
bank account using his checks.

824
00:41:02,160 --> 00:41:11,280
player and Brown together boasted at a

825
00:41:06,640 --> 00:41:14,079
Christmas Eve suare in Goldman Sachs

826
00:41:11,280 --> 00:41:17,760
that every single partner present was

827
00:41:14,079 --> 00:41:20,319
paying less in income tax under them

828
00:41:17,760 --> 00:41:23,599
than they had been paying under Margaret

829
00:41:20,319 --> 00:41:26,880
Thatcher. Gordon Brown described just

830
00:41:23,599 --> 00:41:31,200
before the crash the era we were living

831
00:41:26,880 --> 00:41:34,240
in as a golden era where we were

832
00:41:31,200 --> 00:41:36,319
building up all this debt and allowing

833
00:41:34,240 --> 00:41:39,599
through deregulation

834
00:41:36,319 --> 00:41:42,319
and light touch regulation.

835
00:41:39,599 --> 00:41:44,560
We were building up to the crash of

836
00:41:42,319 --> 00:41:47,200
2008.

837
00:41:44,560 --> 00:41:49,680
And when the banks collapsed,

838
00:41:47,200 --> 00:41:52,960
Alistister Darling,

839
00:41:49,680 --> 00:41:54,640
a former Trosky act,

840
00:41:52,960 --> 00:41:57,599
rose

841
00:41:54,640 --> 00:42:01,040
in the House of Commons to explain how

842
00:41:57,599 --> 00:42:04,160
it is that we were going to bail out

843
00:42:01,040 --> 00:42:08,640
these banks to the tune of hundreds of

844
00:42:04,160 --> 00:42:11,920
billions of pounds without taking a seat

845
00:42:08,640 --> 00:42:15,599
on a single one of the banks that we

846
00:42:11,920 --> 00:42:19,040
were now bailing out. He said, "I don't

847
00:42:15,599 --> 00:42:21,599
and I have never believed," he said, "in

848
00:42:19,040 --> 00:42:24,480
governments having seats on the

849
00:42:21,599 --> 00:42:26,160
boardroom in the boardroom of private

850
00:42:24,480 --> 00:42:28,800
banks.

851
00:42:26,160 --> 00:42:31,760
I did rise and point out that when he

852
00:42:28,800 --> 00:42:35,520
had been a dropker, he very definitely

853
00:42:31,760 --> 00:42:39,839
did advocate governments having seats,

854
00:42:35,520 --> 00:42:42,720
all the seats in these boardrooms.

855
00:42:39,839 --> 00:42:46,800
But the point is they were no longer

856
00:42:42,720 --> 00:42:50,319
private banks. They had been saved by

857
00:42:46,800 --> 00:42:53,200
the taxpayer but allowed to be run by

858
00:42:50,319 --> 00:42:55,920
the people who had bankrupted them in

859
00:42:53,200 --> 00:42:57,760
the first place. And that remains the

860
00:42:55,920 --> 00:43:00,000
case today

861
00:42:57,760 --> 00:43:03,359
7 years later.

862
00:43:00,000 --> 00:43:06,240
So, as I always say, especially here in

863
00:43:03,359 --> 00:43:09,280
Bradford,

864
00:43:06,240 --> 00:43:12,800
if you send the same donkeys back to

865
00:43:09,280 --> 00:43:14,800
power, don't expect them to do anything

866
00:43:12,800 --> 00:43:18,480
differently.

867
00:43:14,800 --> 00:43:21,119
Einstein said the definition of madness

868
00:43:18,480 --> 00:43:25,440
was doing the same thing over and over

869
00:43:21,119 --> 00:43:30,079
again and expecting a different result.

870
00:43:25,440 --> 00:43:31,839
If you send donkeys to the town hall to

871
00:43:30,079 --> 00:43:34,319
Westminster,

872
00:43:31,839 --> 00:43:37,680
don't expect them to do anything other

873
00:43:34,319 --> 00:43:41,680
than what donkeys do, which is put their

874
00:43:37,680 --> 00:43:44,079
noses in the nose bag and eat their way

875
00:43:41,680 --> 00:43:47,680
through the next 5 years.

876
00:43:44,079 --> 00:43:49,440
So in a democracy, you get the

877
00:43:47,680 --> 00:43:52,720
politicians

878
00:43:49,440 --> 00:43:54,560
that you don't necessarily deserve, but

879
00:43:52,720 --> 00:43:56,880
you definitely get the politicians that

880
00:43:54,560 --> 00:44:00,160
you vote for.

881
00:43:56,880 --> 00:44:03,280
And when you know what they have done to

882
00:44:00,160 --> 00:44:07,119
our country and other countries, you'd

883
00:44:03,280 --> 00:44:11,920
have to be mad to send them back again

884
00:44:07,119 --> 00:44:15,040
to do it all over again. Okay, questions

885
00:44:11,920 --> 00:44:18,480
to Max Gaza. Yes, the lady at the door

886
00:44:15,040 --> 00:44:21,440
with the fabulous Ronet Bun.

887
00:44:18,480 --> 00:44:24,480
Gentlemen, my name is

888
00:44:21,440 --> 00:44:27,599
a question that I'd like you to answer,

889
00:44:24,480 --> 00:44:30,480
please. Your thoughts on the media and

890
00:44:27,599 --> 00:44:33,839
the film industry um who are

891
00:44:30,480 --> 00:44:35,839
dehumanizing the Muslims, the public

892
00:44:33,839 --> 00:44:40,240
against Muslims. I'd like to know what

893
00:44:35,839 --> 00:44:42,319
your thoughts are as a proud British.

894
00:44:40,240 --> 00:44:45,359
Well, Max uh touched on this and I'll

895
00:44:42,319 --> 00:44:48,400
let him answer it substantially,

896
00:44:45,359 --> 00:44:50,640
but I would just as a precursor to what

897
00:44:48,400 --> 00:44:52,800
he'll have to say.

898
00:44:50,640 --> 00:44:55,280
Nothing

899
00:44:52,800 --> 00:44:58,640
could crystallize

900
00:44:55,280 --> 00:45:02,319
this sense of rage and injustice

901
00:44:58,640 --> 00:45:05,760
that the questioner feels more than the

902
00:45:02,319 --> 00:45:09,760
media coverage of the murders of the man

903
00:45:05,760 --> 00:45:14,400
and his wife of six weeks and her sister

904
00:45:09,760 --> 00:45:19,520
in Chapel Hill, North Carolina. The BBC

905
00:45:14,400 --> 00:45:24,480
did not report that mother at all.

906
00:45:19,520 --> 00:45:28,000
Sky reported it 5 and 1/2 hours after

907
00:45:24,480 --> 00:45:32,480
the independent newspaper had broken the

908
00:45:28,000 --> 00:45:36,079
story in Britain. And ever since, every

909
00:45:32,480 --> 00:45:39,359
effort has been made to portray this as

910
00:45:36,079 --> 00:45:43,359
other than what it obviously is. The

911
00:45:39,359 --> 00:45:46,960
coldblooded execution of three young

912
00:45:43,359 --> 00:45:51,119
American Muslims by a politically

913
00:45:46,960 --> 00:45:55,040
motivated killer operating out of a well

914
00:45:51,119 --> 00:45:59,520
of hate. The meest glance at his

915
00:45:55,040 --> 00:46:03,520
Facebook page shows you his hatred for

916
00:45:59,520 --> 00:46:07,680
religion and religious people. Yet, even

917
00:46:03,520 --> 00:46:10,960
until now, after the three victims have

918
00:46:07,680 --> 00:46:14,160
been buried, it is still not being

919
00:46:10,960 --> 00:46:16,880
called what it obviously is. And ask

920
00:46:14,160 --> 00:46:21,280
yourself this,

921
00:46:16,880 --> 00:46:23,520
if three Jews or three Christians had

922
00:46:21,280 --> 00:46:27,200
been murdered on their knees in a cold

923
00:46:23,520 --> 00:46:29,920
bloodooded execution by a Muslim killer,

924
00:46:27,200 --> 00:46:33,359
would this have been being described at

925
00:46:29,920 --> 00:46:36,720
the top of the news as a terrorist act?

926
00:46:33,359 --> 00:46:41,720
And everybody knows that's exactly what

927
00:46:36,720 --> 00:46:41,720
would be described as. Max

928
00:46:48,000 --> 00:46:54,640
Well, 240 years ago or so, Americans

929
00:46:51,839 --> 00:46:58,640
were the terrorists

930
00:46:54,640 --> 00:47:03,560
according to uh this country

931
00:46:58,640 --> 00:47:03,560
and uh we staged revolts

932
00:47:04,079 --> 00:47:11,640
and to me the Muslim population is being

933
00:47:06,400 --> 00:47:11,640
scapegoat essentially. you know, they're

934
00:47:13,599 --> 00:47:18,640
and you know, growing up as I as I have

935
00:47:16,160 --> 00:47:21,920
in the United States,

936
00:47:18,640 --> 00:47:24,079
um, in in New York in having worked in

937
00:47:21,920 --> 00:47:26,319
Hollywood, you know, I'm I'm familiar

938
00:47:24,079 --> 00:47:29,920
with the narrative

939
00:47:26,319 --> 00:47:32,400
of the struggle of the Jewish faith to

940
00:47:29,920 --> 00:47:35,280
seek the homeland and they they've come

941
00:47:32,400 --> 00:47:38,640
to America and they this is a fantastic

942
00:47:35,280 --> 00:47:41,440
story. Uh, and there's always that

943
00:47:38,640 --> 00:47:43,920
question that people have. It's nagging

944
00:47:41,440 --> 00:47:45,760
this group for many, many years,

945
00:47:43,920 --> 00:47:48,640
hundreds of years. This question that

946
00:47:45,760 --> 00:47:50,319
comes up with the phrase, how did it

947
00:47:48,640 --> 00:47:52,160
happen?

948
00:47:50,319 --> 00:47:54,079
How did it happen? The these these

949
00:47:52,160 --> 00:47:55,839
atrocities and these things going back

950
00:47:54,079 --> 00:47:57,920
to the middle of the last century. How

951
00:47:55,839 --> 00:48:00,480
did it happen?

952
00:47:57,920 --> 00:48:03,839
And and some will say

953
00:48:00,480 --> 00:48:06,800
there wasn't enough fighting back. There

954
00:48:03,839 --> 00:48:09,839
wasn't enough fighting back. It was the,

955
00:48:06,800 --> 00:48:11,599
you know, the story of the the frog in

956
00:48:09,839 --> 00:48:13,040
in in the in the water, the boiling

957
00:48:11,599 --> 00:48:16,240
water. It gets a little warmer, a little

958
00:48:13,040 --> 00:48:19,040
warmer, uh, and then before the frog

959
00:48:16,240 --> 00:48:20,720
knows it, the frog is cooked. And the

960
00:48:19,040 --> 00:48:22,800
history as we go back to the last

961
00:48:20,720 --> 00:48:27,119
century, it's a horrific, horrific

962
00:48:22,800 --> 00:48:30,400
story. Uh, that was over time, gradually

963
00:48:27,119 --> 00:48:32,720
to the point of that extraordinarily

964
00:48:30,400 --> 00:48:34,480
uh, heinous

965
00:48:32,720 --> 00:48:39,040
uh, midentury

966
00:48:34,480 --> 00:48:42,079
uh, of events. But as an American who

967
00:48:39,040 --> 00:48:44,000
was once considered a terrorist 240

968
00:48:42,079 --> 00:48:48,720
years ago,

969
00:48:44,000 --> 00:48:54,319
we have gone recently fought back.

970
00:48:48,720 --> 00:48:58,880
So um I just as as a scapegoat as a

971
00:48:54,319 --> 00:49:02,640
scapegoated portion of the population

972
00:48:58,880 --> 00:49:05,359
are we to imagine a story of

973
00:49:02,640 --> 00:49:08,079
acquiescence?

974
00:49:05,359 --> 00:49:12,000
of complete loss.

975
00:49:08,079 --> 00:49:13,680
Is that is that what we are? I I don't I

976
00:49:12,000 --> 00:49:15,440
can only speak as an American. That

977
00:49:13,680 --> 00:49:18,319
doesn't make that doesn't truck with me.

978
00:49:15,440 --> 00:49:20,160
That doesn't make sense to me.

979
00:49:18,319 --> 00:49:22,880
Uh

980
00:49:20,160 --> 00:49:25,200
but other but that's all I will say

981
00:49:22,880 --> 00:49:28,000
because I don't that's all I will say.

982
00:49:25,200 --> 00:49:30,559
You can you folks can fill in the the

983
00:49:28,000 --> 00:49:34,839
rest of the story if you if that's okay.

984
00:49:30,559 --> 00:49:34,839
Thank you Max. Thank you.

985
00:49:36,960 --> 00:49:41,040
George was against Scottish

986
00:49:38,559 --> 00:49:43,920
independence. Max was for Scottish

987
00:49:41,040 --> 00:49:45,440
independence.

988
00:49:43,920 --> 00:49:48,440
Did the Scottish people make the right

989
00:49:45,440 --> 00:49:48,440
decision?

990
00:49:50,559 --> 00:49:56,160
Well, they made the decision that they

991
00:49:52,160 --> 00:49:58,160
made and it was theirs to make. It was

992
00:49:56,160 --> 00:50:02,400
self-determination.

993
00:49:58,160 --> 00:50:04,559
are people deciding by parasite on

994
00:50:02,400 --> 00:50:08,400
whether to stay with the state that they

995
00:50:04,559 --> 00:50:11,680
were in or leave that state. It's a pity

996
00:50:08,400 --> 00:50:13,680
Kashmir didn't get the same right as

997
00:50:11,680 --> 00:50:15,680
Scotland did,

998
00:50:13,680 --> 00:50:18,800
especially

999
00:50:15,680 --> 00:50:23,599
as it was promised it by the United

1000
00:50:18,800 --> 00:50:26,960
Nations well over half a century ago.

1001
00:50:23,599 --> 00:50:30,640
If Kashmir did get that letter, I have

1002
00:50:26,960 --> 00:50:34,000
no idea how they would vote. Whether

1003
00:50:30,640 --> 00:50:37,040
they vote to stay with India, vote to be

1004
00:50:34,000 --> 00:50:40,000
independent, vote to join Pakistan. What

1005
00:50:37,040 --> 00:50:43,599
I do know is that it's only their

1006
00:50:40,000 --> 00:50:47,520
decision to make, not anybody else's.

1007
00:50:43,599 --> 00:50:50,960
And the same was true for Scotland.

1008
00:50:47,520 --> 00:50:52,559
I as a Scottish person did not have a

1009
00:50:50,960 --> 00:50:54,800
vote

1010
00:50:52,559 --> 00:50:58,160
which I think was a little unfair and so

1011
00:50:54,800 --> 00:51:00,640
do millions of Scottish people who live

1012
00:50:58,160 --> 00:51:04,160
outside Scotland but that's another

1013
00:51:00,640 --> 00:51:07,359
matter. They voted how they voted and

1014
00:51:04,160 --> 00:51:11,040
I'll tell you as a representative of a

1015
00:51:07,359 --> 00:51:13,920
povertystricken part of a poor city in

1016
00:51:11,040 --> 00:51:18,000
the north of England. I'm sure glad that

1017
00:51:13,920 --> 00:51:21,200
they decided to stay. For this reason,

1018
00:51:18,000 --> 00:51:23,760
if Scotland had left Britain, England

1019
00:51:21,200 --> 00:51:27,119
would have a Tory government for all

1020
00:51:23,760 --> 00:51:29,760
time. And if England had a Tory

1021
00:51:27,119 --> 00:51:32,400
government for all time, Bradford would

1022
00:51:29,760 --> 00:51:36,640
be as well packing his suitcase and

1023
00:51:32,400 --> 00:51:40,160
leaving for somewhere else. Not that I'm

1024
00:51:36,640 --> 00:51:44,400
expecting Ed Milliband to be any kind of

1025
00:51:40,160 --> 00:51:47,760
great Labor prime minister, but any

1026
00:51:44,400 --> 00:51:50,640
Labor Prime Minister is better than any

1027
00:51:47,760 --> 00:51:53,520
Tory prime minister so far in this

1028
00:51:50,640 --> 00:51:56,480
country, not the border or non-existent

1029
00:51:53,520 --> 00:51:59,359
border between England and Scotland. Are

1030
00:51:56,480 --> 00:52:01,040
you insisting oil? Quick example to that

1031
00:51:59,359 --> 00:52:02,480
is if you're talking about splitting up

1032
00:52:01,040 --> 00:52:05,839
the oil, Georgia, let's talk about

1033
00:52:02,480 --> 00:52:08,160
splitting up the debt as all the debt

1034
00:52:05,839 --> 00:52:10,319
turned the city of London and those in

1035
00:52:08,160 --> 00:52:12,559
Scotland. How about if they will split

1036
00:52:10,319 --> 00:52:14,480
the oil accordingly, but you know all

1037
00:52:12,559 --> 00:52:16,559
the debt can stay in Westminster. How

1038
00:52:14,480 --> 00:52:18,319
about that? 10 billion pounds away in

1039
00:52:16,559 --> 00:52:20,000
debt. If it did stay in Westminster,

1040
00:52:18,319 --> 00:52:22,400
that would be fighting, but it would

1041
00:52:20,000 --> 00:52:24,960
stay in Bradford West, not in

1042
00:52:22,400 --> 00:52:26,559
Westminster. And that's our problem. The

1043
00:52:24,960 --> 00:52:29,040
gentleman right at the back of the hall.

1044
00:52:26,559 --> 00:52:32,319
Yes. with the white shirt. Go ahead son.

1045
00:52:29,040 --> 00:52:34,480
Perhaps I would like your view on global

1046
00:52:32,319 --> 00:52:37,280
debt facility which is being ramped

1047
00:52:34,480 --> 00:52:39,760
around and there is huge amounts of gold

1048
00:52:37,280 --> 00:52:42,400
which was collected over the centuries

1049
00:52:39,760 --> 00:52:46,160
by the royal kings of Americans which is

1050
00:52:42,400 --> 00:52:49,839
not within the system. to have any views

1051
00:52:46,160 --> 00:52:52,640
on that particular angle. What was your

1052
00:52:49,839 --> 00:52:57,079
name, sir? You get the question of the

1053
00:52:52,640 --> 00:52:57,079
night award. Big round of applause.

1054
00:53:04,880 --> 00:53:10,640
He's a good

1055
00:53:07,839 --> 00:53:12,079
there. There he is. He's a good

1056
00:53:10,640 --> 00:53:15,040
He can't even walk. We should have this

1057
00:53:12,079 --> 00:53:15,040
one.

1058
00:53:18,079 --> 00:53:23,440
Now you have to have gold. And of course

1059
00:53:20,640 --> 00:53:27,280
there was a point time

1060
00:53:23,440 --> 00:53:30,079
and they sold 60% of it 400 times. Who

1061
00:53:27,280 --> 00:53:32,400
did that? Gordon Brown.

1062
00:53:30,079 --> 00:53:35,040
If you see Scotland, tell them you don't

1063
00:53:32,400 --> 00:53:37,359
like that either. Okay. So yeah, the

1064
00:53:35,040 --> 00:53:39,119
gold as you see sovereigns around the

1065
00:53:37,359 --> 00:53:41,280
world and central banks around the world

1066
00:53:39,119 --> 00:53:43,520
for the first time in 50 years are

1067
00:53:41,280 --> 00:53:45,280
buying record amounts of gold because

1068
00:53:43,520 --> 00:53:47,040
they realize that this paper ponzi

1069
00:53:45,280 --> 00:53:49,520
scheme from the city of London and Wall

1070
00:53:47,040 --> 00:53:52,480
Street is on its last legs and we will

1071
00:53:49,520 --> 00:53:55,920
once again return to an economy, a

1072
00:53:52,480 --> 00:53:57,200
global economy that is settled in gold.

1073
00:53:55,920 --> 00:53:59,280
And this is something for you all to

1074
00:53:57,200 --> 00:54:01,040
keep in mind. I don't make financial

1075
00:53:59,280 --> 00:54:03,760
recommendations or advice. I'm not here

1076
00:54:01,040 --> 00:54:05,920
to do that. But at the end of the month,

1077
00:54:03,760 --> 00:54:09,760
if you got a few quid, instead of going

1078
00:54:05,920 --> 00:54:11,359
down, you know, buying an extra sandwich

1079
00:54:09,760 --> 00:54:13,680
or whatever, buy yourself a little gold

1080
00:54:11,359 --> 00:54:15,760
and silver and just accumulate over

1081
00:54:13,680 --> 00:54:19,559
time. One year, 5 year, 10 years, you'll

1082
00:54:15,760 --> 00:54:19,559
be happy you did. Yes.

1083
00:54:20,450 --> 00:54:23,540
[Applause]