1 00:00:02,110 --> 00:00:08,080 [Applause] 2 00:00:06,160 --> 00:00:10,080 Thank you. Thank you. Thank you. Thank 3 00:00:08,080 --> 00:00:12,719 you. Thank you. Thank you. Thank you. 4 00:00:10,080 --> 00:00:16,580 Yeah. Let's hear it. More. More. More. 5 00:00:12,719 --> 00:00:18,400 More. More. More. More. 6 00:00:16,580 --> 00:00:20,960 [Applause] 7 00:00:18,400 --> 00:00:24,840 It's all about the love. 8 00:00:20,960 --> 00:00:28,640 It's a campaign of love. 9 00:00:24,840 --> 00:00:32,200 Shalom. It's all fantastic. We are at 10 00:00:28,640 --> 00:00:34,719 the kickoff point of 11 months of 11 00:00:32,200 --> 00:00:37,360 excitement as George Galloway launches 12 00:00:34,719 --> 00:00:39,760 his campaign and rolls over London, 13 00:00:37,360 --> 00:00:42,559 rolls over this country with some a 14 00:00:39,760 --> 00:00:45,120 message that I think needs to be heard. 15 00:00:42,559 --> 00:00:48,239 There's a message that I'm particularly 16 00:00:45,120 --> 00:00:54,760 interested in and that message is to 17 00:00:48,239 --> 00:00:54,760 clean up the city of London. Great 18 00:00:56,079 --> 00:01:00,079 now. First of all, how many of you here 19 00:00:57,920 --> 00:01:04,640 are came this evening actually because 20 00:01:00,079 --> 00:01:07,520 you thought you would see Stacy? 21 00:01:04,640 --> 00:01:09,200 Yes, I know that's the truth. I'm just 22 00:01:07,520 --> 00:01:10,960 uh she's the brains of the operation. 23 00:01:09,200 --> 00:01:13,040 She says to say hello. She's working on 24 00:01:10,960 --> 00:01:16,880 our next episode that we Monday is our 25 00:01:13,040 --> 00:01:18,640 very busy day for us. Let me get into um 26 00:01:16,880 --> 00:01:20,400 what I think are some of the interesting 27 00:01:18,640 --> 00:01:24,000 and salient points that we need to keep 28 00:01:20,400 --> 00:01:26,400 in mind as you decide who to put as your 29 00:01:24,000 --> 00:01:28,080 mayor in this fine town. I want to draw 30 00:01:26,400 --> 00:01:29,600 your attention to a quote from Warren 31 00:01:28,080 --> 00:01:30,960 Buffett. Warren Buffett, one of the 32 00:01:29,600 --> 00:01:32,400 richest guys in the world. He's either 33 00:01:30,960 --> 00:01:35,600 the second or third richest guy in the 34 00:01:32,400 --> 00:01:38,640 world. He said, quote, "There's class 35 00:01:35,600 --> 00:01:41,600 warfare, all right, but it's my class, 36 00:01:38,640 --> 00:01:44,240 the rich class, that's making war, and 37 00:01:41,600 --> 00:01:47,280 we're winning. 38 00:01:44,240 --> 00:01:50,079 That's right. It's no secret, is it? 39 00:01:47,280 --> 00:01:52,799 It's no secret that the rich are at war 40 00:01:50,079 --> 00:01:55,119 with everybody else. That's no secret 41 00:01:52,799 --> 00:01:57,040 who's standing up, who's fighting, who's 42 00:01:55,119 --> 00:01:59,439 putting in the time, the effort, the 43 00:01:57,040 --> 00:02:01,360 policies. Let's continue. By the way, if 44 00:01:59,439 --> 00:02:03,159 I just if I go too far off on a tangent, 45 00:02:01,360 --> 00:02:05,680 just reel me in. 46 00:02:03,159 --> 00:02:08,319 Just let's talk about what Bill Black 47 00:02:05,680 --> 00:02:11,760 said. It was a guy back in the 1980s who 48 00:02:08,319 --> 00:02:14,720 put 1,500 bankers in jail as part of the 49 00:02:11,760 --> 00:02:15,920 savings and loan crisis. Let me tell you 50 00:02:14,720 --> 00:02:18,959 what he said. He said, "The city of 51 00:02:15,920 --> 00:02:21,319 London became the most crimeogenic 52 00:02:18,959 --> 00:02:24,239 environment in the world for financial 53 00:02:21,319 --> 00:02:26,080 fraud, which is why so many UK banks and 54 00:02:24,239 --> 00:02:28,720 units of foreign banks located in the 55 00:02:26,080 --> 00:02:32,560 city have caused the major scandals in 56 00:02:28,720 --> 00:02:34,879 the UK and globally. All of these major 57 00:02:32,560 --> 00:02:37,440 global scandals run through the city of 58 00:02:34,879 --> 00:02:39,519 London. Bernie Maidoff, AIG, the London 59 00:02:37,440 --> 00:02:42,080 Whale, Lehman Brothers, Liebore scandal, 60 00:02:39,519 --> 00:02:44,160 Forex scandal. They outsource their 61 00:02:42,080 --> 00:02:45,519 fraud to the city of London because City 62 00:02:44,160 --> 00:02:48,160 of London is where you can get away with 63 00:02:45,519 --> 00:02:49,519 the most egregious financial crimes of 64 00:02:48,160 --> 00:02:51,840 anywhere in the world. Now, this has got 65 00:02:49,519 --> 00:02:54,800 to end. I would think to restore some 66 00:02:51,840 --> 00:02:56,800 balance, to restore some equitable 67 00:02:54,800 --> 00:02:59,480 distribution of wealth, you need to go 68 00:02:56,800 --> 00:03:01,920 after where all that wealth is 69 00:02:59,480 --> 00:03:03,680 being concentrated in ways that 70 00:03:01,920 --> 00:03:06,159 according to one of the top regulators 71 00:03:03,680 --> 00:03:09,519 in the world signifies one of the most 72 00:03:06,159 --> 00:03:11,840 crimeogenic environments in the world. I 73 00:03:09,519 --> 00:03:14,319 mean, look at this HSBC scandals for a 74 00:03:11,840 --> 00:03:16,920 second, just to give you five of the 75 00:03:14,319 --> 00:03:21,120 latest highlights of 76 00:03:16,920 --> 00:03:24,400 HSBC liebore rigging. Uh, 100,000 fake 77 00:03:21,120 --> 00:03:26,720 Swiss accounts for tax evasion, violated 78 00:03:24,400 --> 00:03:30,319 US sanctions on Iran by removing the 79 00:03:26,720 --> 00:03:30,319 word Iran from wire 80 00:03:30,760 --> 00:03:35,799 transfers. US sent a cease and desist 81 00:03:33,680 --> 00:03:38,280 letter to stop funding of 82 00:03:35,799 --> 00:03:40,959 al-Qaeda. and they 83 00:03:38,280 --> 00:03:43,599 continued. Number five, HSBC worked 84 00:03:40,959 --> 00:03:46,879 directly with the Sola drug cartel, 85 00:03:43,599 --> 00:03:50,159 directly responsible for huge massive 86 00:03:46,879 --> 00:03:52,799 crime wave and death waves, tens of 87 00:03:50,159 --> 00:03:57,040 thousands of people due to the uh drug 88 00:03:52,799 --> 00:04:00,159 wars that HSBC openly and gladly funds. 89 00:03:57,040 --> 00:04:02,400 Their penalties are typically a fine, a 90 00:04:00,159 --> 00:04:04,879 fine which is maybe five or 10% of the 91 00:04:02,400 --> 00:04:07,360 money that they stole. 92 00:04:04,879 --> 00:04:09,760 Uh let's let's ask uh our friend Mark 93 00:04:07,360 --> 00:04:11,280 Carney who runs the Bank of England what 94 00:04:09,760 --> 00:04:14,480 he has to say about these corrupt 95 00:04:11,280 --> 00:04:15,840 bankers. I know that he says on some 96 00:04:14,480 --> 00:04:17,680 occasions that they should be punished, 97 00:04:15,840 --> 00:04:20,199 but he also has said that putting 98 00:04:17,680 --> 00:04:22,479 bankers in jail will not fix the bad 99 00:04:20,199 --> 00:04:24,880 behavior. By the way, in Iceland they 100 00:04:22,479 --> 00:04:27,120 put bankers in jail 101 00:04:24,880 --> 00:04:28,880 and they prosecuted the bad bankers and 102 00:04:27,120 --> 00:04:31,360 now they've got the first and fastest 103 00:04:28,880 --> 00:04:33,600 growing economy in Europe. Yes. Because 104 00:04:31,360 --> 00:04:36,080 they got rid of the problem. The problem 105 00:04:33,600 --> 00:04:37,280 was the bankers. So here's Mark Carney 106 00:04:36,080 --> 00:04:38,800 who says, "Oh, you can't put these 107 00:04:37,280 --> 00:04:40,800 bankers in jail." Meanwhile, Bank of 108 00:04:38,800 --> 00:04:42,800 England has opened a probe into whether 109 00:04:40,800 --> 00:04:46,240 the staff of the Bank of England has 110 00:04:42,800 --> 00:04:48,639 rigged auctions uh before quantitative 111 00:04:46,240 --> 00:04:51,280 easing. Uh Bank of England caught in 112 00:04:48,639 --> 00:04:53,360 rigging and now caught in collusion with 113 00:04:51,280 --> 00:04:55,360 Treasury and trying to hide 48 billion 114 00:04:53,360 --> 00:04:59,120 pound black hole of debt as part of the 115 00:04:55,360 --> 00:05:03,040 37 billion stolen uh by Osborne from 116 00:04:59,120 --> 00:05:04,880 various pensioners and insurers. 117 00:05:03,040 --> 00:05:06,320 And it's causing a lot of stress. I 118 00:05:04,880 --> 00:05:08,160 mean, you've heard that a lot of bankers 119 00:05:06,320 --> 00:05:09,440 are killing themselves. A lot of that is 120 00:05:08,160 --> 00:05:11,680 due because they're being forced to 121 00:05:09,440 --> 00:05:13,440 commit acts of criminal behavior. A 122 00:05:11,680 --> 00:05:15,840 stress Bank of England official stabbed 123 00:05:13,440 --> 00:05:17,759 himself to death. He's 52 years old, 124 00:05:15,840 --> 00:05:19,360 found in his car after stabbing himself 125 00:05:17,759 --> 00:05:22,280 to death. 126 00:05:19,360 --> 00:05:25,199 Uh, and then here's some very strange 127 00:05:22,280 --> 00:05:27,199 behavior that you find in the banking 128 00:05:25,199 --> 00:05:30,000 community when you force people to 129 00:05:27,199 --> 00:05:32,320 misbehave and commit crimes to support a 130 00:05:30,000 --> 00:05:35,120 system that's sucking the wealth out of 131 00:05:32,320 --> 00:05:37,600 the economy as a whole and depositing it 132 00:05:35,120 --> 00:05:40,560 into the accounts of the worst amongst 133 00:05:37,600 --> 00:05:42,280 us, the kleptocrats, the it's a cacosti, 134 00:05:40,560 --> 00:05:45,080 a 135 00:05:42,280 --> 00:05:47,840 cacistocracy. 136 00:05:45,080 --> 00:05:49,800 Cacistocracy. Here's a interesting 137 00:05:47,840 --> 00:05:52,400 tidbit from Lloyd's 138 00:05:49,800 --> 00:05:57,560 bank. The pressure was such that in one 139 00:05:52,400 --> 00:06:01,199 case an advisor misssold insurance to 140 00:05:57,560 --> 00:06:04,319 himself, his wife and a colleague to 141 00:06:01,199 --> 00:06:06,240 make his quota, needing to missell a 142 00:06:04,319 --> 00:06:09,199 certain volume of fake insurance each 143 00:06:06,240 --> 00:06:09,199 month to keep his 144 00:06:09,400 --> 00:06:14,160 job. JP Morgan associate wife found dead 145 00:06:12,319 --> 00:06:16,319 in an apparent murder suicide inside 146 00:06:14,160 --> 00:06:18,000 their New Jersey home. 147 00:06:16,319 --> 00:06:19,440 So this guy bought insurance on his 148 00:06:18,000 --> 00:06:21,919 wife, killed her, then to make more 149 00:06:19,440 --> 00:06:21,919 money, killed 150 00:06:22,600 --> 00:06:27,600 himself. It drives people to act 151 00:06:25,440 --> 00:06:29,520 insanely. When you give people unlimited 152 00:06:27,600 --> 00:06:31,440 amounts of money at 0% interest rate to 153 00:06:29,520 --> 00:06:33,199 make speculative bets and if they go 154 00:06:31,440 --> 00:06:36,840 bust, the government bails them out. 155 00:06:33,199 --> 00:06:39,280 Expect the worst. Expect the worst from 156 00:06:36,840 --> 00:06:41,520 people. Uh in this country, of course, 157 00:06:39,280 --> 00:06:44,000 the debt under Osborne has doubled. It's 158 00:06:41,520 --> 00:06:46,880 1.4 trillion pounds. to his 700 billion 159 00:06:44,000 --> 00:06:49,199 pounds when he took over. And to make 160 00:06:46,880 --> 00:06:52,600 the debt look smaller, they're decided 161 00:06:49,199 --> 00:06:54,560 to figure out ways to make the GDP look 162 00:06:52,600 --> 00:06:57,520 bigger. And one of the ways that they 163 00:06:54,560 --> 00:06:58,880 decided to do that is that sex and drugs 164 00:06:57,520 --> 00:06:59,880 are now going to be included in 165 00:06:58,880 --> 00:07:02,720 Britain's 166 00:06:59,880 --> 00:07:04,880 GDP. This will add 10 billion pounds to 167 00:07:02,720 --> 00:07:07,520 the accounts. So, according to the 168 00:07:04,880 --> 00:07:10,479 Office of National Statistics, each of 169 00:07:07,520 --> 00:07:12,639 the UK's 60,000 prostitutes took 25 170 00:07:10,479 --> 00:07:14,759 clients a week at an average price of 67 171 00:07:12,639 --> 00:07:20,319 pounds 172 00:07:14,759 --> 00:07:23,080 each. 38,000 heroin users at 7 added 754 173 00:07:20,319 --> 00:07:25,440 million pounds at 37 grams per 174 00:07:23,080 --> 00:07:27,120 heroin. This is the Office of National 175 00:07:25,440 --> 00:07:29,360 Statistics. This is your tax dollars at 176 00:07:27,120 --> 00:07:32,160 work, ladies and gentlemen, figuring out 177 00:07:29,360 --> 00:07:34,880 how to boost the GDP so that the debt 178 00:07:32,160 --> 00:07:36,560 looks smaller. I mean, I can imagine 179 00:07:34,880 --> 00:07:38,160 George Osborne at number 11 downing 180 00:07:36,560 --> 00:07:40,319 string saying, "Does my debt look bad in 181 00:07:38,160 --> 00:07:40,319 these 182 00:07:40,919 --> 00:07:49,199 jeans? Uh, but it gets even more 183 00:07:45,639 --> 00:07:51,599 uh because this this is a scandal that 184 00:07:49,199 --> 00:07:54,039 was not adequately covered in my view. 185 00:07:51,599 --> 00:07:56,720 Osborne's aid crack 186 00:07:54,039 --> 00:07:58,319 shame. A top adviser to George Osborne 187 00:07:56,720 --> 00:08:01,599 has been caught in a videotape smoking 188 00:07:58,319 --> 00:08:03,199 crack. Tory economics policy forecaster 189 00:08:01,599 --> 00:08:04,639 professor Douglas Mcameus took the 190 00:08:03,199 --> 00:08:06,400 illegal drug during a late night binge 191 00:08:04,639 --> 00:08:08,440 in a squalled London flat. A source said 192 00:08:06,400 --> 00:08:11,039 he's a 193 00:08:08,440 --> 00:08:13,599 regular. This is a guy who's writing the 194 00:08:11,039 --> 00:08:15,479 campaign and the policy to add crack 195 00:08:13,599 --> 00:08:19,360 cocaine to the 196 00:08:15,479 --> 00:08:21,599 GDP. Think about it. He's monetizing his 197 00:08:19,360 --> 00:08:21,599 own 198 00:08:24,039 --> 00:08:29,599 addiction. What about the legal 199 00:08:26,400 --> 00:08:30,759 environment? Here's a judge in the UK, 200 00:08:29,599 --> 00:08:34,000 Maria 201 00:08:30,759 --> 00:08:35,760 Pulle. She took refuge on two RBS 202 00:08:34,000 --> 00:08:37,360 bankers who have walked away from three 203 00:08:35,760 --> 00:08:39,039 million pound property fraud without 204 00:08:37,360 --> 00:08:41,039 jail time because the judge, Rebecca 205 00:08:39,039 --> 00:08:43,599 Maria Pulle, believes they've already 206 00:08:41,039 --> 00:08:46,599 suffered as they were embarrassed by the 207 00:08:43,599 --> 00:08:46,599 incident. 208 00:08:46,800 --> 00:08:50,080 So, this is setting up I think you you 209 00:08:48,880 --> 00:08:52,880 see where we're going here. There's 210 00:08:50,080 --> 00:08:56,000 there's a city of London where there's 211 00:08:52,880 --> 00:08:59,279 no legal standards. uh fraud is 212 00:08:56,000 --> 00:09:01,440 permitted. There's no rule of law. The 213 00:08:59,279 --> 00:09:03,720 government keeps interest rates near 0% 214 00:09:01,440 --> 00:09:08,640 so that that these four major insolvent 215 00:09:03,720 --> 00:09:11,200 banks, HSBC, Lloyds, RBS, Barkclays, can 216 00:09:08,640 --> 00:09:13,120 continue to roll over massive amounts of 217 00:09:11,200 --> 00:09:15,120 debt on their books that they claim is 218 00:09:13,120 --> 00:09:17,600 worth 100 cents on the dollar but is 219 00:09:15,120 --> 00:09:21,600 actually worth zero. And the only way 220 00:09:17,600 --> 00:09:25,200 that this will ever come to light is if 221 00:09:21,600 --> 00:09:28,160 there's some kind of u a rule of law 222 00:09:25,200 --> 00:09:30,480 imposed or b a global bond market crash. 223 00:09:28,160 --> 00:09:34,560 So you can take your pick. But of course 224 00:09:30,480 --> 00:09:37,519 this is a global problem. Uh US attorney 225 00:09:34,560 --> 00:09:40,399 general Eric Holder mentioned as I'm 226 00:09:37,519 --> 00:09:42,880 sure you heard this quote some banks are 227 00:09:40,399 --> 00:09:45,160 too big to prosecute. 228 00:09:42,880 --> 00:09:48,720 Uh he went on to say that in the Senate 229 00:09:45,160 --> 00:09:51,920 committee they're too big to jail 230 00:09:48,720 --> 00:09:53,839 for banks for for banks will spread from 231 00:09:51,920 --> 00:09:56,839 fraud cases to terrorist financing and 232 00:09:53,839 --> 00:09:59,200 moneyaundering as we've seen with 233 00:09:56,839 --> 00:10:01,600 HSBC. So now you have banks that are not 234 00:09:59,200 --> 00:10:04,800 only too big to fail but too big to 235 00:10:01,600 --> 00:10:08,920 jail. So I will leave you with one ray 236 00:10:04,800 --> 00:10:13,120 of hope. There was somebody who did make 237 00:10:08,920 --> 00:10:14,640 a a protest 238 00:10:13,120 --> 00:10:15,399 The headline is, "That's the wrong kind 239 00:10:14,640 --> 00:10:18,000 of 240 00:10:15,399 --> 00:10:20,480 deposit. Barklay's bank customer poos 241 00:10:18,000 --> 00:10:20,480 all over the 242 00:10:20,839 --> 00:10:27,279 floor." The middle-aged man described as 243 00:10:23,519 --> 00:10:29,040 well to do walked calmly into a branch 244 00:10:27,279 --> 00:10:31,000 and started leaving non-monetary 245 00:10:29,040 --> 00:10:33,480 deposits on the 246 00:10:31,000 --> 00:10:36,200 floor from the bottom of his 247 00:10:33,480 --> 00:10:38,480 shorts in front of horrified 248 00:10:36,200 --> 00:10:42,200 customers. One eyewitness said the man 249 00:10:38,480 --> 00:10:42,200 looked calm but angry. 250 00:10:43,519 --> 00:10:50,000 And uh let's see of course being the 251 00:10:46,519 --> 00:10:52,000 uh couple of visuals here. I guess this 252 00:10:50,000 --> 00:10:53,920 is this hall is such that you will be 253 00:10:52,000 --> 00:10:55,240 able to grasp this. This is actually a 254 00:10:53,920 --> 00:10:59,800 very 255 00:10:55,240 --> 00:11:02,399 succinct photo. I use my very advanced 256 00:10:59,800 --> 00:11:05,120 audiovisisual technology. 257 00:11:02,399 --> 00:11:08,480 But I think even in the back you can see 258 00:11:05,120 --> 00:11:12,399 we've got a line that goes up quite 259 00:11:08,480 --> 00:11:15,480 dramatically here and a line that stays 260 00:11:12,399 --> 00:11:18,399 relatively flat and uninteresting down 261 00:11:15,480 --> 00:11:21,600 here. This is the growth of the global 262 00:11:18,399 --> 00:11:23,160 derivatives market is unsecured 263 00:11:21,600 --> 00:11:25,920 financial 264 00:11:23,160 --> 00:11:27,839 bets concantenated by bankers out of 265 00:11:25,920 --> 00:11:31,680 thin air to roll over bad debts and pay 266 00:11:27,839 --> 00:11:34,920 themselves huge bonuses. Here's the GDP 267 00:11:31,680 --> 00:11:37,279 down here of the world going absolutely 268 00:11:34,920 --> 00:11:39,920 nowhere. And yet when you listen to the 269 00:11:37,279 --> 00:11:42,440 policy makers and George Osborne and 270 00:11:39,920 --> 00:11:46,399 others, they'll say that we need more of 271 00:11:42,440 --> 00:11:48,160 this to create some growth down here. 272 00:11:46,399 --> 00:11:49,880 And yet, and nowhere over these past 273 00:11:48,160 --> 00:11:52,160 years has it ever been 274 00:11:49,880 --> 00:11:54,640 true. The debt in the last seven years 275 00:11:52,160 --> 00:11:57,760 in the globe has gone from it's been 276 00:11:54,640 --> 00:12:00,399 increased by 60 trillion dollars. It's 277 00:11:57,760 --> 00:12:02,959 gone from 140 trillion to almost 200 278 00:12:00,399 --> 00:12:05,000 trillion dollars in debt. The total 279 00:12:02,959 --> 00:12:07,680 global GDP is 60 280 00:12:05,000 --> 00:12:11,200 trillion. And yet uh there hasn't been 281 00:12:07,680 --> 00:12:15,240 any growth. So this is uh clearly I 282 00:12:11,200 --> 00:12:18,560 think when you want to look at 283 00:12:15,240 --> 00:12:20,480 the cause and effect and dig down into 284 00:12:18,560 --> 00:12:22,880 what's going on here and why I'm excited 285 00:12:20,480 --> 00:12:25,440 to be supporting George Galloway in part 286 00:12:22,880 --> 00:12:27,600 of this campaign is that he's already 287 00:12:25,440 --> 00:12:30,800 made statements and said that he wants 288 00:12:27,600 --> 00:12:32,320 to go after uh city of London bring 289 00:12:30,800 --> 00:12:34,399 about some rule of law but I think 290 00:12:32,320 --> 00:12:36,320 that's at a very minimum something we 291 00:12:34,399 --> 00:12:38,079 should all be supporting of the 292 00:12:36,320 --> 00:12:39,200 consequences of this I will tell you 293 00:12:38,079 --> 00:12:40,959 quite Quite honestly, if you look at 294 00:12:39,200 --> 00:12:42,639 Iceland when they did bring in the rule 295 00:12:40,959 --> 00:12:46,280 of law, when they did reorganize the 296 00:12:42,639 --> 00:12:48,760 banking system, they went 297 00:12:46,280 --> 00:12:51,839 [Applause] 298 00:12:48,760 --> 00:12:53,279 through they went through a two years of 299 00:12:51,839 --> 00:12:55,279 hell. Let's be let's be quite honest. 300 00:12:53,279 --> 00:12:56,959 But on the other side of that, they 301 00:12:55,279 --> 00:12:58,120 remained they kept their sovereignty. 302 00:12:56,959 --> 00:13:01,920 They kept their 303 00:12:58,120 --> 00:13:03,880 dignity. And um at this rate, the UK is 304 00:13:01,920 --> 00:13:07,440 at risk of losing 305 00:13:03,880 --> 00:13:08,880 both sovereignty and dignity. So with 306 00:13:07,440 --> 00:13:14,360 that, I will turn it back to the MC. 307 00:13:08,880 --> 00:13:14,360 Thank you very much and uh go to court. 308 00:13:15,520 --> 00:13:21,070 [Applause]