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00:00:05.000Um, one of my big questions, what about the possibility of collecting copper for those of us that do not have enough money to invest in silver and gold?
00:00:15.000Well, the government, if you collect pennies, the government says that it's illegal to destroy them.
00:00:21.000But if you go out and collect copper, you've got to remember that it's a commodity and it can range anywhere from 62 dollars a pound to 4 dollars and 20 cents a pound.
00:00:44.000I refuse to believe that anybody out there can't get involved in silver.
00:00:48.000If you go to McDonald's, you're gonna spend more money on feeding yourself and your wife and your kid on a few value meals than you would on one silver ounce coin.
00:01:48.000Hi folks, this is Alex Jones and I want to tell you about the Silver Lungs Generator.
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00:02:40.000That's www.silverlungs.com Hi folks, this is Alex Jones asking you for a minute of your time to tell you about soap.
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00:05:23.000This is his scheduled monthly visit, but I had him on last week because of the quickening and his predictions coming true.
00:05:29.000After he was on, uh, what, last Monday, uh, breaking down the fact, uh, that there was clear evidence that this was financial terrorism with a thousand point plunge and that, uh, the financial wolves, uh, uh...
00:05:44.000bring down europe the very same central banks controlled by the big brokerage firms and investment banks like j p morgan chase goldman sachs uh...
00:05:53.000trish it's now saying i need more power and you we we need more u s in german money and it's all spelled out on the headlines their answer to the crisis they created is more power to them enshrined in a world government So to go over those headlines and to take your calls at 1-800-259-9031 is Max Kaiser.
00:06:14.000And your calls are coming up for those that are holding.
00:06:20.000All right, my friend, you've got the floor for the balance of this segment.
00:06:23.000Lay out where we are, what's happening, what's going on in Europe, what's going on with Brown stepping down, Merkel in trouble, saying the banks are criminal, what's happening in the markets.
00:06:38.000All righty, well, let's talk first about Greece.
00:06:41.000Now, George Papandreou, the leader in Greece, he made a statement yesterday over the weekend that he's now going to investigate what role the Wall Street banks played in destabilizing his country, his economy.
00:06:56.000And this is through some back-channel analysis.
00:06:59.000communication between myself and folks in Greece, and I've been trying to steer them in the right direction, telling them this isn't a market problem, it's not a market failure, but it's fraud that's been perpetrated primarily by Wall Street banks.
00:07:13.000And my message got through, and he said yesterday that he hears words like a need for transparency and there's fraud, and now he's going to take a stand against the bankers.
00:07:25.000Now, historically, when anybody has taken, anyone in politics has taken a stand against the bankers, they immediately put themselves into quite a bit of danger, because the track record, if you go, even if you read John Perkins'book, Confessions of an Economic Hitman, whenever somebody, a leader of a country, steps up against the bankers, they put themselves into grave danger.
00:07:45.000Now, this would be the first time, really, that a major Western economy is taking on the Wall Street banks, but the people in Greece are out in the streets, and the leadership is responding.
00:07:57.000So we're going to see, because there's ample proof that the Wall Street banks purposefully crashed the Greek economy for short-term capital gains.
00:08:07.000So that's the first thing that's happening.
00:08:12.000You know, we made a film in Iceland about the collapse of the corona, the collapse of the Icelandic economy, and I've gotten pretty friendly with a lot of the legislators up in Iceland.
00:08:22.000I'm proposing to them that they introduce some new economic citizenship so that anyone in the world who wants to escape, for example, a U.S.
00:08:32.000citizen that wants to escape the tyranny of the U.S.
00:08:35.000can buy a passport for Iceland and to make it competitive.
00:08:41.000Right now there's only two territories or countries that offer economic Nevis St.
00:08:46.000Kitts and Dominica, they're both in the Bahamas.
00:08:50.000They cost $200,000 and $75,000, respectively.
00:08:54.000I'm saying that Iceland, to be competitive, they can offer economic citizenship for $20,000, and they could get, if they get 200,000 or so or half a million citizens from the U.S.
00:09:08.000citizenship and move to Iceland, they could raise $10 billion immediately to help recapitalize their country, and they are talking about rewriting their constitution in ways that are going to favor free speech and freedom of the press.
00:09:26.000We have these pockets of resistance and pockets of strength from the work that you're doing directly and the work I've been doing and now these people are starting to respond because the global insurrection against the banking occupation is on!
00:09:52.000Bankers jailed, sued as Iceland seeks culprits for crisis.
00:09:57.000Then a week ago we saw the Merkel headline where she called, you know, it criminal banks causing this, though she's bought and paid for by them.
00:10:05.000So isn't that the danger with the Greek leader and others is that they see the headlights of the train coming, the global insurrection against the banking cartel.
00:10:17.000Unless they put it into a process and then maybe Goldman Sachs or JP Morgan will flush down the toilet some mid-level trader, you know, on a sub-issue like Timberwolf with Goldman Sachs.
00:10:43.000Secondarily, how you brought up Expatriates.
00:10:46.000We have the New York Times saying record numbers of wealthy people who aren't globalists leaving because they say this is the last year to get your money out.
00:11:11.000One of the bankers in London From the economy is now being prosecuted and it's funny because London is where a lot of these guys go to get because the hedge fund industry and the banking industry laws This
00:11:51.000one is actively going after this guy and it's funny because in the indictment they We're
00:12:28.000good. Are they going to be pressured to back down?
00:12:58.000And what we saw last Thursday, on May 6th, was the first unequivocal domestic financial tariff attack in America.
00:13:05.000You know, there was a bill in Washington to break up the big banks.
00:13:09.000They dropped the market by a thousand points.
00:13:14.000They decided not to pass that law to break up the big banks.
00:13:16.000They also dropped the real lot at the Fed and put a fake one in, according to Ron Paul.
00:13:20.000Yeah, so they've got this weapon, which is they can crash a market.
00:13:24.000And I'm looking at today's news, and you see now that the financial terrorists are not shy about threatening to blow up people's economies and markets.
00:13:35.000For example, in today's news, Morgan Stanley said that if Europe doesn't engage in full-blown quantitative easing, which means that they would buy back their own bonds, which basically would mean to destroy the euro, then Morgan Stanley threatens Europe with a 1987 crash.
00:14:07.000A Wall Street bank is threatening the entire eurozone.
00:14:13.000Here's another headline about KPMG and PricewaterhouseCoopers are now considering whether or not they should get back into the business of the rating agencies.
00:14:25.000You know, the Moody's, S&P, and Fitch, those rating agencies that gave their blessing to all the structured products and collateralized debt obligations that turn out to be phony?
00:14:34.000Well, now all these consulting firms who are also equally culpable in this nightmare collapse of the economy say, well, you know, those guys aren't good enough at it.
00:14:45.000So this is like really just exactly the same thing.
00:14:50.000The fact that they can, with a straight face, say that they're going to get into the rating agency business when they themselves are some of the most crooked organizations in the U.S.
00:14:58.000economy, KPMG and Pricewaterhouse is quite laughable.
00:15:01.000Here you have General Motors today saying that they want to get back into the financing business because of the shortage of subprime lending is holding back sales.
00:15:11.000Now, General Motors getting into the financing business is exactly how the economy crashed to begin with, because they got out of selling cars and they got into the loan sharking business.
00:15:22.000Then the government gave them billions.
00:15:23.000And as a thank you to the taxpayer for getting them out of the hole, they're saying now we want to get back into the loan sharking business.
00:15:34.000We're going to move our factories to Asia, to Brazil, and to China, and to Eastern Europe, and then all we're going to do with your bailout money here is loan it back to you, the American people.
00:15:45.000At usurious rates, as a loan shark, and we're trying to get you deeper into debt as we possibly can.
00:15:51.000And so they're trying to restart the entire cycle again until they blow up, and then they'll require more of a bailout.
00:16:00.000And of course, this just perpetuates this move down into what we would call the casino gulag state, where the value of the purchasing power, the wages and the savings, and the purchasing power of everybody in the U.S.
00:16:15.000keeps continuously degrades and drops and disintegrates.
00:16:18.000And you have just an enormous cesspool where once a fine country used to reside.
00:16:29.000I've got a bunch of questions for you in the next short segment, then we're going to get into other issues you think are important to cover, and then take phone calls.
00:16:35.000One of my questions is, will the U.S. market collapse?
00:16:52.000A New World Order based upon collective action.
00:16:56.000Invisible Empire is a damning indictment of the globalists through their own words and documents.
00:17:01.000The New World Order really is a tool for addressing a new world of possibilities.
00:17:05.000It means all the world under their control.
00:17:08.000The United Nations would take over America.
00:17:11.000The Trilateral Commission would control the world.
00:17:13.000Invisible Empire chronicles how men of power and influence have I believe first of all that we now need nothing short of a world constitution for the global financial system.
00:17:27.000Global governance with the establishment of the G20.
00:17:30.000So it's going to be an inner ruling elite and then everyone else.
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00:20:53.000Max Keiser is our guest, maxkeiser.com.
00:20:56.000Your call is coming up in the next segment.
00:20:59.000Max, I talked to one of my neighbors, I talked to other people that are somewhat successful in business in Austin.
00:21:05.000And they say, well, I'm not in the stock market, so I don't care what these big banks are doing.
00:21:10.000And I don't understand this yuppie, pre-programmed arrogance where you try to warn people that you know, and they act like it's weak to even care or even be involved in society as long as they think they're doing okay.
00:21:27.000I mean, everyone is connected to the stock market.
00:21:29.000Everyone is connected to the currencies.
00:21:31.000Everyone is connected through taxes with these trillions of dollars of, quote, bailouts used for bonuses.
00:21:37.000I mean, what do you call that mindset where people don't understand the incredible magnitude of what's happening in global markets right now and where this is leading us?
00:21:49.000Well, you can explain it in the following way.
00:21:52.000The average experience of the average American is masked.
00:21:59.000to a large degree by the fact that most people in America are unaware of the benefits accrued to them because the world reserve currency is the US dollar.
00:22:10.000So there is no radical currency risk that you see in other countries and the currency collapses that you see in other countries.
00:22:18.000And it also means that things like gasoline are incredibly cheap in America relative to other countries.
00:22:24.000Now what is gonna happen, People on your show are talking about, and what I've been talking about, and what I see over here in Europe, is that the U.S.
00:22:33.000dollar as reserve currency is going to be replaced with a new global currency.
00:22:38.000And that at that moment, then, Americans will experience what everyone else in the world experiences, which is radical currency risk and all kinds of bank shenanigans, including paying state, local, federal, and world tax.
00:22:58.000Because, of course, the world currency, you need a global central bank who's going to charge a global tax.
00:23:04.000And then Americans will wake up and they'll say, oh, my God, you know, it's happening right now because the special drawing rights that are being used right now as part of this huge reconfiguration of the European banking system and the trillion dollar that the U.S.
00:23:20.000gave Europe to unwind their bank's risky policy.
00:23:23.000Part of that is the introduction of another $300 billion in a special drawing right.
00:23:29.000So the special drawing rights are creeping into the global currency system.
00:23:34.000At some point, they will be comparable to other major currencies in terms of the amount traded and the scope and the influence.
00:23:44.000And then you'll start to see things quoted in special drawing rights.
00:23:47.000And they'll normalize the special drawing right.
00:23:49.000And then it'll be announced that as part of Brenton Woods, too, they're going to reconfigure the global currency grid.
00:24:09.000Because since World War II, they've really had the benefit of – they've had the World War II dividend, which is stretched out for $60,000.
00:24:59.000And I can also anticipate that when this thing finally makes the break, there's gonna be an incredible gasp of horror that'll just go from coast to coast.
00:25:14.000But it's happening for all the reasons you've been talking about for the last 10 years.
00:25:18.000And the banks will say, the big mega banks will say, don't worry, we're going to save you again with SDRs, we're transcending national currencies and we'll just make up to the power of infinity whatever amount of fiat money we want and you're going to pay us taxes on the right to use this new global cashless society system and they'll just bypass the three global regional currencies that the Trilateral Commission talked about in the 1970s,
00:25:50.000In other words, with the introduction of the Special Drawing Right, they will have another way to add another layer to this global Ponzi scheme where all of the U.S. dollar-denominated debts will be re-securitized.
00:26:05.000Most of the debt will be off the balance sheet.
00:26:07.000Some of it will be included in the new SDR, but the SDR will be loaded up with more debt than even the U.S. dollar, and the result will be We're
00:26:38.000on the march, the Empire's on the run.
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00:29:51.000We're going back to Max Keiser with a few other questions I've got, and then I promise you, in probably five, six minutes, we're going to start going to your calls.
00:29:59.000Tom, Rachel, Steven, Ian, Steve, and others.
00:30:03.000Again, we're live on this Monday, 17th day of May 2010 edition.
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00:32:01.000And of course, Don't Tread on Me, Rise of the Republic, that I'm in, that Gary Franchi coming up next hour, maybe William Lewis, gets into Tenth Amendment, states' rights, grand juries, Second Amendment, how to get your sheriff selected to take your counties back, now shipping out.
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00:32:22.000Okay, going back to Max Keiser at MaxKeiser.com quickly.
00:32:26.000You basically answered my next question in the last segment, but in layman's...
00:32:32.000Yes. Do you see Asia plunging next, or how far will Europe plunge?
00:32:37.000Do you think the Eurozone is going to break up?
00:32:38.000The Germans are saying that major German newspapers are calling for a Deutsch-Reich-Zone that only has the richest countries in Europe that are part of it.
00:32:49.000So what do you see happening with the Euro?
00:32:52.000I mean, I know you can't guess this exactly, but you've been very accurate in the past.
00:32:59.000When does this really start to hit the U.S.?
00:33:03.000Right. Well, as you say, I've been pretty good at framing this and predicting this.
00:33:10.000What you have to understand is you've got a multi-trillion dollar hedge fund business.
00:33:18.000You know, a hedge fund is just a fund that is not bound by any restrictions in terms of the types of bets that they can make and the leverage that they have at their availability.
00:33:29.000And what they do is they go from currency to currency, and they ferret out which ones are the weakest.
00:33:36.000They then scare the bejesus out of the folks.
00:33:40.000They float rumors about the economic collapse.
00:34:43.000You've got to take turns crashing different currencies at different times.
00:34:46.000So I think, the way I see it, Yeah. But they use,
00:35:17.000really, the yen, really, as what's called a funding currency.
00:35:20.000In other words, they borrow in yen because it's so cheap, and they use that to go attack a country like the UK or the Eurozone.
00:35:28.000So it depends on which country has a really weak currency.
00:35:31.000They use that to borrow, and they go attack another country.
00:35:34.000When I was in Reykjavik, right before that economy collapsed, I sat in the 101 hotel in the sushi bar, and I talked to some bankers from In about six months, we're going to attack Iceland, and we're going to crash the Icelandic Krona.
00:35:54.000And they weren't shy about talking about it, and this is exactly what they did.
00:35:58.000Now, a few years later, they're finally getting around to putting some people And if we just continue to point out the Emperor's butt naked and wearing any golden outfit, like the little three-year-old in the Emperor's New Clothes parable.
00:36:25.000In fact, guys, print me the Emperor's New Clothes parable.
00:36:28.000If we just point out the obvious, it's going to implode.
00:36:31.000Max, did you see Fox News, the New York Times, AFP, Reuters in the last month all come out with a psy-op and say, yes, the troops are helping grow the opium because if we don't grow it, Al-Qaeda will get the money.
00:36:45.000I mean, Have you ever talked to Catherine Austen Fitz about this?
00:37:13.000She's got an excellent, a lot of work on the CIA, Afghani opium crops.
00:37:19.000And also, you know, a lot of these hedge funds that you read about, this came out during the savings and loan collapse.
00:37:25.000They discovered that many of the hedge funds were actually backed by the government and CIA and other organizations.
00:37:31.000So, and back in the 2008 crash, when Hank Paulson put the gun to Congress's head and said, "Give us $700 billion." were going to crash the economy.
00:37:41.000A lot of people in Congress were actually short bank stocks.
00:37:44.000They used an exchange-traded fund, which was making negative bets against bank stocks.
00:37:49.000So those congressmen were actually making money as those bank stocks were collapsing.
00:37:53.000So these guys are just fully invested in the collapse.
00:37:56.000And that's why I call them suicide bankers, because they have a fundamentalist belief in capitalism as their religion, and they're willing to blow themselves up in the name of their religious belief in fanatical capitalism.
00:39:00.000Hi, yeah, this is perfect what you're talking about, but they want to comment on something you said yesterday, Alex, and that was, you said that it was good that they were arresting the bankers in Iceland, but then you said it's okay, you know, we have the great local bankers down the street where you can get a loan for a car,
00:39:18.000but private bankers are probably Let me say this,
00:39:38.000I mean I'm all for state banks, but that's still a bank, and it's not going to be able to compete if it doesn't have the fractional system, and this is a very complex issue, but Local banks, some are good, some are bad.
00:39:50.000The point is, we don't want the mega six banks in the US, several others globally, but there's no more than ten, any way you slice it.
00:39:58.000So just for simplicity, we don't want the mega ten banks to have the regulatory power to scoop up the smaller banks, because then we're really in trouble.
00:40:08.000In North Dakota, they have a banking system which is sound because they passed some laws to get rid of a lot of the abuses.
00:40:17.000And Ellen Brown is a very fine journalist, has done a lot of work.
00:40:22.000If you type in Ellen Brown in the search engine and search North Dakota banks, it is possible to run banks in an equitable, fair way.
00:40:32.000And North Dakota, surprisingly, for people who probably don't know about this, they actually have some pretty decent banks because they have decided to not try to run with the wolves and to simply get in the very simple business of...
00:40:46.000But it's the same thing with Texas banks.
00:40:48.000They're some of the wealthiest in the country.
00:40:50.000And the Texas Banking Association has come out and said, we're not selling derivatives, we're not the big mega banks, they are dangerous.
00:40:57.000And so that's important to be friendly with regional banks to be able to defeat the big banks.
00:41:05.000And then later, if we want to change something at that level and fix abuses at the local level, I think it's great.
00:41:32.000We have to realize that the private bankers of the world are like a global mafia, and we have to stand up to them like the The people of a village stand up to the mafia and run them out of town.
00:42:01.000Hi. I just wanted to let you know that one of the things that has been going on lately, Actually, I have seen that in the news.
00:42:18.000The word is getting out, but it's not a big national story because of Bloomberg and other reports that the federal government is ordering private pension funds to, quote, invest in failed banks.
00:42:29.000I mean, since when can the government order Uh, because they have regulatory threats if they don't.
00:42:39.000Right. Well, 401k accounts are the retirement accounts.
00:42:42.000People squirrel away money every month with their employer.
00:42:44.000Now, if they're liquidating those accounts, what's not being clear here is either it's because of duress and they need that money because they're going bankrupt and they have to draw down their savings, or two, they fear tax hikes coming and the tax advantages of the 401K evaporate, so why not take that money out and put it somewhere in another institution that you don't have the same kind of risk?
00:43:07.000Now, I think what the caller is referring to is that people are removing money from their 401Ks as an offensive measure, not a defensive measure, as a way to understand that they need to take more control of their financial well-being and to put what they thought was money safely put away into other alternative investments, possibly other currencies, other countries, into gold, etc., Well said, Max Keiser.
00:43:57.000I'm a first-time caller and kind of a first-time listener.
00:44:00.000As a young person living in today, I've become educated on your show and you instill the passion slash interest in government.
00:44:10.000I'm wondering, you know, how a person in my position, my family has no legacy and all that, how do I get into that sort of thing?
00:44:17.000Well, look, in high school, in college, they make it boring, it's government, it's like Alcatraz or something, or it's like some, you know, Island of Dr. Maru, it's some imaginary thing far off.
00:44:31.000You've got to be involved in government because if you don't, it's going to get taken over by shysters and they're going to rob the hell out of you and hire a bunch of uniformed thugs to enforce their corruption.
00:44:45.000Became the wealthiest country in the world because we had a small government and we were on top of things and we allowed people to keep most of their wealth because it was their God-given right.
00:44:53.000Now we're becoming the center of evil because our wealth has been used to dominate the globe and build an empire and no one is as enslaved as people inside the empire and so people are waking up and deciding I better get involved in government.
00:45:07.000Then they go get involved in government and they find That for those that did get involved, there's a fake left-right choice, which is meant to further confuse them.
00:45:15.000Okay? They've followed the yellow brick road, they've gotten to the Emerald Palace, they've gone in, and there's this big flaming head telling them, I am the Great Oz, and the next level is going, no, Republicans and Democrats, you're not,
00:45:31.000toto! Well, if you go back, this is a very interesting question, because it's a very interesting inflection point, and especially for a young person.
00:45:57.000Now, if you remember, And you know what?
00:46:13.000The market is actually the problem, and it's creating an incredible amount of problems on top of problems.
00:46:20.000So if that's true, then does that mean we're going to ask ourselves or look at the possibility that there might be some saving grace in the idea of having a government?
00:46:41.000No, I agree with you, but again, to expand on that, under the Constitution, Congress controls the issuance of currency and credit, not private bankers.
00:46:50.000So the confusion is going to be with the public.
00:46:52.000You're going to have the private bankers pose as a solution with a type of regulation that is only going to empower them even more.
00:47:01.000Well, first, my question is, Yeah, well, it's all in the Constitution.
00:47:26.000They recognize gold and silver as the only constitutionally recognized form of money and currency.
00:47:31.000If that's true, then all of the fiat currency, fractional reserve, derivative market scamming that's going on has to be taken completely out of the system.
00:47:38.000Yeah, we've got to go back to the Constitution.
00:51:16.000We're going to talk about states' rights coming up.
00:51:19.000But before I go any further with Max Keiser, I want to simplify this because this gets confusing for people because it is so simple.
00:51:26.000Sometimes the simplest things are confusing.
00:51:29.000I'm against anything big and monolithic, whether it's government or hedge funds that are bigger than any government, money-wise, because they just created themselves, as Thomas Jefferson warned they would, a blank check to take over the planet.
00:51:41.000You know, to paraphrase Jefferson, he said, Yeah, you could take out private central bankers, but if you ever let them back in within one day, they'll buy up the whole world with fake credit they produce.
00:51:51.000So, the problem is with a quote free market is it's not free market when the CIA with a inner coterie of private banks gives themselves unlimited trillions and uses their own regulatory power to shut down their competition.
00:52:05.000And so we need government to protect the true free market and to have rules against counterfeiting as Max Keiser said.
00:52:14.000If I opened up a fake company, started selling stock, claiming it was in gold mines I didn't own, it would be a fraud.
00:52:20.000Well, it's a step past that, with the fractional reserve banking, with the derivatives, with these fake insurance companies certifying it, and then taxpayers having to bail it out.
00:53:27.000I've always been an interested listener to his opinions, and of course your own.
00:53:33.000With regards to the British parliamentary catastrophe that's been going on, I mean, people think that they can't make a difference, but we've demonstrated that we've effectively created a constitutional crisis here.
00:53:46.000There was nobody who was willing to back up the parliamentary process.
00:53:52.000And I think that that's certainly a statement which people can take a little bit of pleasure from, if not a great deal of influence from.
00:54:01.000So, it demonstrates the fact that these people don't have any kind of mandate to operate the way they have been doing.
00:54:08.000That's right, all three of the big parties are hated.
00:54:11.000Your take on what's happening in England, Max?
00:54:14.000They triggered a crisis, a constitutional crisis, as your caller calls it.
00:54:19.000And because in the U.K., they become very adept at strategic voting.
00:54:24.000So everybody on the web kind of shares information to try to swing local elections in a strategic way.
00:54:33.000So they might vote for somebody they don't really want if it's strategic toward a bigger goal.
00:54:38.000And the people have really organized themselves in this way.
00:54:41.000Now, it's interesting, when the new coalition started, this Tory-liberal-democrat coalition, it was very interesting because it was a coalition government, didn't have a majority.
00:54:51.000They had a problem because in the House of Lords, they didn't have enough lords to back up their proposals.
00:54:56.000So what they did yesterday is they simply, with a stroke of a pen, increased the number of lords in the House of Lords by 100.
00:55:03.000Now, for anyone in the U.S., that would send a chill down your spine because, of course, we fought a war.
00:55:09.000They were forced to escape the lords in the House of Lords.
00:55:14.000But they're still active, and they're still part of a major government, the U.S.