so but in the light of what's happened in sydney makes it all the more interesting i did actually at the request of henry kissinger who was then secretary of state i was going anyway to that part of the and he said business with the leading commercial bank in iraq and so i was going for that and he asked me if i would also good to see him to say that he would like to establish close touch with the regime we felt that it was important there are two countries communicated more effectively i did see him and he was pretty cool and he said the only way we could hope he was terribly close relations would be if we would discontinue want to support for israel will it's not likely that that was going to happen so it was not a terribly productive meeting although in the i've i mean for me i see i see people like bill o'reilly on television right and i see how much they control the media like th call people names they can and until we just find that this world we're heading into a world of danger no possible nuclear wars you know because the banking industry is trying to take over the world nine eleven is the beginning of the war on terror and i want to turn around it's leading us into iraq which is the next life i see a lot of nine much it doesn't look much like a bank that today downing street and so we the taxpayers have become the biggest shareholders in these high street names it's also a huge investment in the country's future the banks may have been saved but the britain in extraordinary times with financial markets ceasing to work the government cannot just leave people on their own to be bucketed about for say those small businesses and homeowners we must be in an uncertain unstable world be the rock of stability upon which british people can do to both the confidence in the banking system and the government force the banks to drastically increase their reserves by buying shares in them using taxpayers money is necessary but painful it needs to be done but it's expensive and in some ways it's paying the bills for the last ten years of excessive debt here in the city the news that the bailout plan got initial approval the market rose the screens covered in blue for by signs compared to last week's selloff but the real question is how long will it last it's pretty obvious that there are some gigantic fighting actual institutions that have been pulling the strings of politicians in this country as a high cost forms of credit but the daily mail claims that bank charges will be barely touched upon in november the supreme court ruled that the ofc had no power to rule on complaints about banks and overdraft charges british check and credit is o c asian co the real life stuff right from fantasy to reality let's talk about some of these different things that really drive us nuts and one of the things that seems to very be difficult to get a handle on are the feeds so here's the thing i mean banks made one point four trillion dollars in bad loans so in efforts to shore up the balance sheet they are slapping on more and more fees fees now account for fifty three percent of a bank's income that's up from thirty five percent in one thousand nine hundred five so you've got all these nasty fees are the largest ones first thing your rent your mortgage and then it they work their way down to the smaller ones so that three dollars cup of coffee could conceivably cost you you know nearly forty dollars like a couple of twenty dollars checks could cause exactly hundred added after a little while ok one of the other things you say you have to really be be care it is a lack of disclosure well the banks are required by law to disclose the interest rates to potential customers but the general accountability office actually took a look at this look at it one hundred eighty five branches and around that many are not complying with the law lord phillips then the president of the supreme court ruling in favor of the banks seven banks in the nationwide building society had gone to the supreme court to try and stop the office of fair trading case is some million cases that have been frozen while this these proceedings have been going on what happens to those bank customers who've got cases frozen at the moment it depends on how those bank customers sort of brought those cases there are two ways of bringing a case against the bank challenging charges the first is relying on the office of fair trading challenge saying that the overdraft charges are unreasonable and unfair anyone who was relying on that and who was piggybacking on the back of this supreme court litigation has pounds and the bank is slapped a thirty five pound charge on me for exceeding an agreed overdraft limit the argument goes that that thirty five pound charge or whatever it may be from the different banks is a penalty because it doesn't accurately reflect the value of the cost of the bank of allowing or considering whether someone should be allowed to exceed their overdraft limit but would it mean to every single consumer now is going to have to bring an individual case against the banks they cannot rely on the office of fair trading succeeding in this mass litigation on their behalf i think talking about the actual costs the campaigners say that it actually costs the banks somewhere in the region of two pounds fifty for them to go over their authorized overdraft facility that charge thirty five pounds those you've got claims going through the courts those who are hoping that they might be able to recoup some money from this will be very disappointed won't they mr barnett but on the other hand we've been having a lot of emails from bank customers who say actually our bank very responsibly i've never against as against the goods or services supplied putting that into english is only allowed to challenge terms if it's got nothing to do with the value of the goods or services received the price paid for them the court of appeal said well that have been bailed out with taxpayer money have to show some restraint and can't possibly be expected to stomach at a time when the government's making spending cuts to stomach these enormous bonus payouts and to watch all this go on  that haven't been able to get jobs out of college and they have degrees in worthlessness and there are but there are twenty five thousand dollars on average in debt so a college education one kind of jobs that even bother you what do you do get to you have first choice to getting you know being a shelf stocker at wal mart's three in the morning so none of the jobs aren't being that the gap between the rich and the poor in the us is the widest of any of the industrialized nations wages or is stagnant median household income is is below two thousand levels it's only a small segment of the top that has all the cream when you talk about those bonuses one hundred forty four billion dollars those handful of wall streeters are the equivalent to a country that would rank forty ninth out of one hundred thirty four countries in the world we've said it since two thousand and eight when the top programs began it happened in front of everyone's eyes wall street has hijack washington it's the greatest bank robbery in world history and the banks are doing the robbing you have costs that are off the books in the trillions of dollars that cities aren't going to be able to meet in terms of benefits and retirements and health care you're going to see you a bust happen in the united states in cities that's going to rival what's going on in ireland it's going to happen in portugal what's happened in greece it's going worldwide the american empire is unfolding in collapsing in front of everyone's eyes the only way out is to bring jobs back in and the thing that you can never talk about cut the military budget bring the troops home cut the bases bring the down the bases end the wars and stop spending trillions overseas that you could be rebuilding this country but the politicians are in the pocket of the military industrial complex and wall street wall street is high jacked washington only a child can see the proof or the ignorant or or the pay the people that are getting paid off or you have to do is look at the facts and add up the with well known well since that quite a little show ladies and gentlemen just facts now no opinion he these are the facts about what you were just witnessing this body is up there screaming about what they're screaming about bonuses that a i g paid to employees right why are they screaming about this they could have stopped this they made this happen that congress and the white house made this happen indulge me while i read to you please quote during late night closed door talks last month negotiators for the united states house of representatives the united states senate and the white house of the united states stripped a measure from the stimulus bill that would have restricted these bonuses they had a measure in the bill that would have restricted the bonuses and they took it out before it became law instead a measure by senator chris dodd democrat of connecticut to limit executive compensation replaced it but dodd's measure explicitly exempted bonuses agreed to prior to the passage of the stimulus bill congress you cannot have it both ways you cannot first say we're not going to make you limit the bonuses and now say limit the bonuses this is the same congress or the same body at least that in one thousand nine hundred four put in place the community redevelopment act which made it so that more and more americans would own homes whether they could afford them or not in one nine hundred ninety eight  steagall is the thing that made a separation between commercial banks and investment banks and put them all under the same rules by two thousand and three two thousand and four the investment banks were getting their clocks cleaned by the commercial banks because they're all working under the same rules so in two thousand and four they made a change and they said we're going to change the amount of leverage that's necessary in other words you will be required to have less money to lend more money leveraged over leveraged and by two thousand and four when that happened these investment banks agreed to have in their offices regulators from the securities and exchange commission had to have them write in their office you know when bear stearns got an c regulator in its office three and a half years later the first rate later came into its office because its hedge fund had collapsed and now the congress of the united states which has allowed all of this is grandstanding to beat the band are you kidding me chris dodd's measure made this happen it's a fact and barney franks up there asking to name names of the people who got the bonuses these people signed a contract with a company the contract says if i perform the following services i will receive the following compensation it is a fundamental bedrock of the constitution of the united states that it that contracts are to be respected had this congress not changed the rules had chris dodd's and then not a change to the stimulus bill not that in there this would not have happened the congress did this and furthermore barney frank asking the c e o s to name names remember joe mccarthy he asked people to name names in that body too and nobody liked what's going on in washington we're going to get to the bottom of it in two minutes that c e o liddy was not there he got there six months ago he was brought in to try to clean this mess up it was this it was this congress that said to said to that company go ahead with your bonuses it was chris dodd of connecticut new stipulation that allowed this explicitly said this is the way for it to be done and now they're up there putting on a show for us trying to make us forget that the banking crisis is real and a day of judgment is coming and we are all going to pay when you go to a restaurant at night and it's only one fourth full you're like well they're hurting but it's open it's not going to stay open this is getting worse and they're distracting us and we are not going to let them do it this is their i mean the economy is going to crash that's why i wrote that book the problem is the bailout ultimately is going to make the problem worse the politicians have to you know resist the temptation to do something because they've already done enough damage and we have to remember they caused this product crisis it was the most irresponsible monetary policy in u s history together with the moral hazards of freddie and fannie that allowed american citizens to borrow trillions of dollars and spend every penny now we can't pay the money back and so the institutions that loaned all the money are now actually going broke but we have to let the market function we to purge these about malinvestment from our economy if that means a lot of failures a lot of bankruptcies so be it if the government tries to artificially propped it up we're going to create a much bigger crisis down the line because they're going to destroy the value of our currency and then we're going to have a real economic crisis that's going to make this look like a sunday school picnic but peter what the government is saying what democrats and republicans in congress are saying that if the government doesn't bail out these companies the scale of this meltdown will be such that it will reverberate around the world but there is no way because the credit market markets are frozen and the economy is going to come to staples there are those who because they're frozen because we've blown all the money on consumption it's gone you know the government doesn't have any money to solve the crisis they can't bail anybody out all they have is a printing press so all we're going to do is take the losses off the books of the banks and stick them on the books of the federal government but that's not going to change the fact that we've lost all this money and that's not going to restore credit flowing we can't borrow any more americans can't borrow to buy cars anymore because we're broke or that one guy who has had this right from the very beginning but the problem is if you say stuff like this it sounds like a conspiracy theory and i can't get it i mean there is no there's nobody in the media that is reporting this there's nobody that's talking about this stuff but it only makes common sense if people know that the end is coming out of the system that we have and i'm not saying that you know and i'm saying that we're all going to you know cats and dogs are going to sleep with each other interesting what i'm saying is there's going to be a change coming rupert murdoch said that nations will be redefined in this period you know that people at the global level are looking at it and saying ok what's it going to look like where can we find out where do we start to look more you should look to the congress but they don't pay much attention there now either and there will be there will be i read a line and there's a struggle going on with us who believe that we should have national sovereignty we should be out of the u n out of the world bank the i m f and no world government but that is the movement that we're going in that is the direction that we're going in but others are planning to go one step further they weren't satisfied with bretton woods they weren't satisfied with the dollar standard now they want to probably modify the special drawing rights of the i m f which they tried and didn't fail but they want to control capital and they want to control the natural resources of the world so and they're not they're not nationalistic at all they believe in world government there but soon in the open now than they were twenty five years ago here's the problem i mean everybody will say oh he's a conservative he just love the bush administration no i didn't and  i am a businessman myself and i like big business i don't have a problem with wal mart i do have a problem with people that look at our country as a market and that's what's happening these global corporations are just looking at people as consumers and a market so they don't give a flying crap about our constitution or anything else what's good for business how do you stop them here i think has a lot of truth to that but i concentrate on making sure nobody is big because they get a special benefit of the bankers of the corporations the international corporations because inevitably they get benefits they get tax subsidies of all sorts they get contracts and they are protected and they get all kinds of benefits from government when you big for that reason it's argued that wal mart got big because they satisfied the consumer we don't want to i don't want to be come down hard on big ness per se big news in capitalism is good yes long as they got there by the consumer voting co in that particular business yeah congressman thank you very much by the way america i mean i hope i hope i'm not so i mean really you've never met anybody who if he's wrong more than i am or i do the problem that the solutions are going to be presented as gigantic and global and the answer is going to be local the answer is going to come from you and your local community and your state not the globe that's where a nightmare is coming question is do we have a shadow government and if we do who are those intelligent minority that is that is guiding us through and where they guiding us to if you skip past all of the puppets and the strings if you stop looking at the puppets themselves you have to see who is behind the puppets who is choosing the puppets and the player who is the puppet master george soros said george glenn beck has been on this kick that you are actually the mastermind who is trying to bring down the american government how do you react when you see this thing i would be amused if people saw the general kimmitt because what he's doing leading the government in the wrong direction but you know by accusing me of doing that it's kind of makes it very hard to see that it's really he is working for the man who is doing it because it is fox news it's but it's very personal i mean he talks about you as a fourteen year old boy and he accuses you of of essentially helping to round jews in gender that you want to shake change will completely that i think we can change elections i think good strong me is organizations can by disclosing things can help shape the agenda but only in a limited way for example take the war has not just talk about the united states but in terms of you having a global media enterprise and if you shake that agenda at all in terms of perceptions of the war in terms of how the war is viewed you know i don't think i mean we they're coordinating the e u s response what do you expect to come out of this meeting well you know since the mid ninety's the europeans have tried to devise a policy for their relations with north africa that would involve controlling the flow of migrants northwards usually economic migrants but of course there have been also some dissidents some people fleeing persecution so this is a long story and just the latest episode in it now as opposed to receiving people trying to flee the regimes in north africa we're now seeing supporters of the regimes the dictatorial regimes who could looted and cooperated with the europeans on controlling migration it is they who now need safe haven in europe otherwise they will be victims of revenge inside the countries where they have previously ruled so you're saying these migrants they need safe haven in europe but let's let's talk about how to prevent the ongoing chaos here because france and germany they've  if threatened libya with e u sanctions over the bloody crackdown do you think that's a more effective way perhaps a more effective method of ending the bloodshed well i think you also have some other voices in europe being raised including in the united kingdom where th actually now is the time to intervene militarily in libya not in tunis here not in algeria and certainly not in egypt but in libya there is a crucial moment were the europeans need to be seen to be doing more for the safety of libya and they should not be talking about sanctions because those can't be activated quickly and they're not going to have an immediate impact they can freeze the assets of  want to but again he's fighting for his survival he's fighting to the death he said so so something a little bit stronger than sanctions is called for ok so you're saying the sanctions would be ineffective but you're also suggesting the european powers should be more open armed setting the standard setting a precedent for incoming migrants here but let's talk about one of the economic issues and certainly it must be on the minds of many motorists out there the oil prices they continue to climb with the ongoing unrest we know that libya libya holds most of the oil migrants from north africa i'm simply saying this is an ongoing story and the europeans thus far even though there are an aging population in western europe even though there are dwindling population in western europe are not ready to receive more african suggesting that if they want good relations with whatever regime emerges in libya they need to be seen to have been on the side of that regime sooner than now if they look like all they're going to do is sit back and wait libyans to decide then they are not ahead of the game now in terms of oil contracts we've seen european countries the italians the french definitely the british as well as the americans working quite hard to get along health care bills instead white house and democratic leaders will hold informal that's another word for secret negotiations meant to shut republicans and the public out of the process what a far cry from the election when obama pledged to quote broadcast health care negotiations on c span so that the american people can see what the choices are on quote president obama hasn't even made of token effort to keep his campaign promises of more openness and when white house press secretary robert gibbs was asked whether the administration would support televising the negotiations he refused to answer instead mumbling something about my would soon the letter that wasn't the question mr gibbs you either support openness or you don't the democrats insist this is all on the up and up with house speaker nancy pelosi saying quote there's never been a more open process for any legislation on really this is the same nancy pelosi who  recall after becoming current two thousand and six promise the democrats would have called the most honest most open and most ethical congress in history unquote here's hoping the voters remember some of this crap when the midterm elections roll around later this year at a nine hundred ninety one closed door meeting a fellow internationalists billionaire and former c f r chairman david rockefeller praised his media allies but his confidence that his words would not leave the room later broken before us the opportunity to forge for ourselves and for future generations a new world order a world where the rule of law not the law the jungle governs the conduct of nation when we are successful and we will be we have a real chance at this new world order in order in which a credible united nations can use its peacekeeping role to fulfill the promise in the vision setting up israel in the state of arizona distance and that's and that problem is that that's a problem that they that they're not in charge of in the sense that they're not controlling the problem they're very arrogant they can do whatever they want to do we have we given these people here already to create money out of thin air and you've got the vice they control everything and if you want to win the battle to stop that you have to deny them the ability to create real assets for the use of money we printed up you know people people you know i tell people you know why in the world there's the american government borrow money from the banks when they have the ability to create it themselves without buying it and paying interest on it watching and nobody can answer that question now one politician ever raises that why does the american e planned inflation now you have two parents working they can't afford to pay for their family anymore their kids are going to state run schools now the kids are being indoctrinated to think that being given ritalin and the being given all these drugs the whole country is being dumbed down so because of the full reserve system and the first reserve system these bankers are responsible for the demise of america and if we ever want to win this battle you must take down the federal reserve system and we m done these bankers and we still sound money to this country you probably noticed i don't feel about that more the way we were told we were supposed to feel about that war the way we were ordered instructed by the united states government to feel mind doesn't work that way i got this real moron thing i do it's called thinking how i'm not a good american because i like to form my own opinion i don't  told sad to say most americans just roll over on command not me that's certain rules i live by my first rule i don't believe anything the government tells me very seriously the media or the press in this country who in the case of the persian gulf war were nothing more than un paid employees of the department of defense most most of the time action is kind of an unofficial public relations agency for the united states government so i don't listen to them i don't really believe in my country and i got to tell you folks don't get all choked up about yellow ribbons and american flags now to balance the scale and like to talk about some things that bring us together things that point out our similarities instead of our differences because that's all you ever hear about in this country so our differences that's all the media and the politicians are ever talking about the things that bring us things that make us different from one another that's the way the ruling class operates in any society they try to divide the rest of the people they keep the lower in the middle classes fighting with each other so the day the rich can run off with all the fucking money their only simple thing happens to work if you know anything different matter they're going to talk about race religion ethnic and national background jobs and income education social status sexuality anything to keep us fighting with each other so that they can keep going to the bank