Alex Jones Show - 20090410_Fri_Alex

00:00:00.000 The Genesis Communications Radio Network proudly presents The Alex Jones Show.

00:00:06.000 because there's a war on for your mind years ago you did a measure black and some of the best corporate fraud investigator one of the top investigators of after that heating cracks and others yes and i'll send they got memos or they were talking about we want him dead and things like that

00:00:33.000 Now the Ponzi schemes are even larger and more dangerous and he has a lot of courage to be doing what he's doing.

00:00:39.000 But I wanted to play a little clip from Bill Moyers because to see this on national television, not just on our local TV show or on a syndicated radio, I mean that's big to have Mr. Black on with us now talking about this, but to have it on Bill Moyers caused a huge buzz and people really started realizing what we were facing.

00:00:55.000 Here's a quick clip.

00:00:57.000 ...than Bill Black, the former director of the Institute for Fraud Prevention, now teaches economics and law at the University of Missouri, Kansas City.

00:01:05.000 During the savings and loan crisis, it was Black who accused then House Speaker Jim Wright and five U.S.

00:01:11.000 Senators, including John Glenn and John McCain, of doing favors for the SNLs in exchange for contributions and other perks. 0.99

00:01:20.000 The Senators got off with a slap on the wrist, but so enraged was one of those bankers, Charles Keating, after whom the Senate's so-called Keating Five were named, he sent a memo that read in part, get black, kill him dead. 0.98

00:01:34.000 Metaphorically, of course. 0.99

00:01:35.000 Of course.

00:01:37.000 Now he's focused on an even greater scandal, and he spares no one, not even the president he worked hard to elect, Barack Obama.

00:01:45.000 But his main target are the Wall Street barons who are heirs of an earlier generation whose scandalous rip-offs of wealth back in the 1930s earned them comparison to Al Capone and the mob, and the nickname, Banksters.

00:02:00.000 Bill Black, welcome to the Journal.

00:02:02.000 Thank you.

00:02:03.000 I was taken with your candor at the conference here in New York to hear you say... Yes, we were taken with it as well.

00:02:08.000 ...that this economic and financial meltdown... We were taken with it as well, and that's why we're going to go to Mr. Black right now.

00:02:15.000 Mr. Black, good to have you on with us.

00:02:17.000 Thank you.

00:02:18.000 Okay, you've got the floor for the rest of the hour and I don't want to take much more time than that because I want you to be able to complete the interview that you've been gracious enough to do with us there in your offices.

00:02:28.000 But my big issue that I'd like you to speak about first is The same crew, the same ideas have built Ponzi schemes many orders larger and instead of even getting in trouble, they're being seen as our saviors and offering even bigger Ponzi schemes as their solution.

00:02:49.000 So, is this leading us to rack and ruin?

00:02:53.000 It has already led us to there.

00:02:56.000 But you're right, unless we remove this ideology and these folks from power, They will produce recurrent, intensifying crises.

00:03:11.000 In layman's terms, what are we currently facing?

00:03:14.000 Who's guilty?

00:03:15.000 How do we stop it?

00:03:18.000 Well, in layman's terms, the FBI began publicly warning in September 2004 that there was an epidemic, their word, of mortgage fraud.

00:03:31.000 And they said, if this epidemic is not stopped, it will produce an economic crisis at least as large as the savings and loan debacle.

00:03:40.000 And then they said, but of course, we've learned the lessons from the savings and loan debacle, and we'll be all over this one, so it won't cause those problems.

00:03:48.000 Well, you know, they were right about the first two things.

00:03:52.000 Obviously, they weren't even close to right about the third.

00:03:56.000 The FBI has said something else immensely important.

00:04:00.000 And that is that 80% of the mortgage fraud is induced by the lenders.

00:04:07.000 So think about that in terms of, you know, taxpayer revolts and things like that.

00:04:13.000 You shouldn't be focusing on the individual borrowers as much, at least, as you should be focusing on the big CEOs of these specialty places that, as you said, ran Ponzi schemes.

00:04:28.000 In order to get extraordinarily rich through their bonus compensation systems.

00:04:34.000 And then, you know, in many cases walk away, and in other cases remain there, still in control, and being subsidized by all of us as taxpayers right now.

00:04:46.000 Now, you know, you talk about this being engineered fraud, or the term you use is this control fraud.

00:04:57.000 Break that down, and then let's get specifically into the fraud we're witnessing right now.

00:05:02.000 Sure.

00:05:03.000 Control fraud is simply a term for what happens when you have a seemingly legitimate organization.

00:05:09.000 In other words, as opposed to an obvious mob shop type of thing, where the person who controls it uses it as a weapon to defraud others.

00:05:21.000 And if the CEO is the crook, he can Take care of all the internal controls.

00:05:29.000 He can get rid of all the underwriting.

00:05:32.000 And you don't defeat internal controls.

00:05:35.000 You actually suborn them.

00:05:37.000 You turn them into allies.

00:05:39.000 And so these folks were able to get clean audit opinions from the most elite accounting institutions in the world, even though the places were massively insolvent.

00:05:51.000 They were, of course, able to get grossly inflated appraisals.

00:05:55.000 from top appraisers, and they were able to get AAA, that's pristine, that's supposed to mean zero credit risk, AAA ratings from the top three rating companies in the world for stuff that was known in the trade as toxic waste.

00:06:14.000 And that allowed them to sell trillions of dollars, well over two trillion dollars

00:06:25.000 Now this has been described as a Ponzi scheme too big to fail and it's now a black hole and that the industry that engineered this understands that they can hold the population hostage and say just do whatever we say or we'll have a depression and then when we end up in a depression anyways from their activities they're going to be sitting there with all the assets.

00:06:54.000 Well, I call it the suicide strategy.

00:06:56.000 I don't know if people have seen Blazing Saddles, but the sheriff is surrounded by hostile town folks.

00:07:02.000 He takes out his gun, points it at his own head and says, you know, don't move or I'll shoot.

00:07:07.000 And that's essentially what these big banks are doing.

00:07:10.000 They're saying, you know, give us unlimited amounts of money or we'll fail.

00:07:15.000 And if we fail, we'll take down the entire economy with you.

00:07:20.000 Why we would believe any of these people is beyond me.

00:07:23.000 Why we would leave in charge people that are willing to make that kind of obscene extortion is absolutely beyond me.

00:07:34.000 Now, specifically, from your experience, tell the listeners a little bit about who you've investigated in the past, what you've dealt with, and you're one of the leading experts, really, in the world on going after these types of frauds.

00:07:44.000 But the difference here is, the media's not saying the Keating Five are bad, or the regulators were bad that let it happen.

00:07:50.000 Instead, they're saying these are our saviors.

00:07:51.000 So, is this new territory where they're just a blank check to do whatever they want?

00:07:58.000 Now, the terrible shame about this This isn't simply a case of failing to learn from mistakes in the past.

00:08:05.000 We've forgotten successes in the past.

00:08:09.000 So during the savings and loan debacle, for example, we actually looked.

00:08:13.000 God forbid, that would be a nice idea, wouldn't it?

00:08:15.000 Look at what was causing the problem.

00:08:18.000 We had a national commission.

00:08:19.000 I was the deputy staff director on that.

00:08:21.000 It concluded, after looking at all the major failures, that at the typical large failure, fraud was, their words, Invariably present.

00:08:33.000 And they meant fraud from the CEO ranks.

00:08:36.000 Right?

00:08:37.000 So there we knew what was going on.

00:08:40.000 We knew the pattern that these frauds followed.

00:08:43.000 And it's very similar to the existing one.

00:08:47.000 You gut your underwriting.

00:08:49.000 You pervert your internal controls.

00:08:52.000 You grow massively.

00:08:54.000 And you make the worst possible loans.

00:08:57.000 Because you can grow a lot faster by making bad loans.

00:09:00.000 And trying to compete for good loans and because bad loans pay more in the short term in terms of higher interest rates and fees.

00:09:08.000 And you make a ton of money as an absolute mathematical guarantee when you do that during the expansion phase of the bubble.

00:09:18.000 And then, of course, it's also guaranteed that you'll produce a catastrophe.

00:09:22.000 So I was at the staff level, the person leading the re-regulation.

00:09:28.000 of the savings and loan industry.

00:09:31.000 As a litigation director, I was suing the crooks.

00:09:35.000 And as I said, unlike this crisis, we went after places like Lincoln Savings when they were still reporting they were the most profitable savings and loans in the country.

00:09:47.000 We said, no, you're frauds, and went about trying to put them out of business.

00:09:51.000 In the current crisis, the FBI did not even begin to investigate The big lenders.

00:09:59.000 And remember, 80% of the fraud, according to the FBI, comes from the lenders.

00:10:03.000 The FBI doesn't even begin to investigate them until March of 2007, when the entire secondary market in toxic waste shuts down.

00:10:15.000 And of course, it's now two years later, and there is not a single significant indictment of any of these specialty frauds.

00:10:25.000 And a whole chunk of these folks What they sold was known in the trade as liar's loans.

00:10:33.000 Now how hard is it, as a prosecutor, as a regulator, to figure out that if the trade calls something a fraud, it's probably a fraud?

00:10:45.000 Amazing.

00:10:46.000 They even label it a fraud.

00:10:48.000 I mean, look at Madoff.

00:10:49.000 How, for nine years, was he telling the SEC this was going on, and then when the SEC is asked about it, they say, oh, he's not guilty, or he hasn't pled guilty yet when he already had, and then they arrogantly, you know, declare executive privilege?

00:11:05.000 Well, the SEC has been emasculated.

00:11:08.000 It is utterly non-functional.

00:11:11.000 What we now know, finally, Because finally, Congress started to hold some hearings last year into the rating agencies.

00:11:21.000 And we learned the following things about the rating agencies.

00:11:25.000 And the rating agencies were absolutely critical.

00:11:28.000 If you don't get a AAA rating, you can't sell this toxic waste.

00:11:31.000 All right, stay there, sir.

00:11:33.000 We got a break.

00:11:33.000 Quick break.

00:11:34.000 Come back with our guest, William K. Black.

00:11:37.000 He is a Associate Professor of Economics and Law at the University of Missouri-Kansas City School of Law and one of the head honchos that went after the SNL barons successfully during the 1980s.

00:11:54.000 But now they're back with a vengeance and swallowing the whole world in a black hole of dead.

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00:13:58.000 In the New World Order's war against humanity, Barack Obama is the tip of the spear.

00:14:07.000 We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded.

00:14:14.000 The Obama deception completely destroys the myth that Obama is working for the best interest of the American people.

00:14:21.000 Well, Obama's already fudging.

00:14:23.000 He's fudged since day one in this election.

00:14:25.000 If you have a demagogue with a fanatical mass movement of personality cultists who is imposing the program of a group of extreme bankers and finance oligarchs, that's fascism.

00:14:37.000 It's not about left or right.

00:14:39.000 It's about a one world government.

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00:15:59.000 Alright, William K. Black is our guest.

00:16:06.000 We're gonna go right back to him.

00:16:08.000 Mr. Black boiling it all down.

00:16:11.000 But in your own words, both parties are bought and paid for by Wall Street.

00:16:15.000 Obama got, what, four times Wall Street money McCain did.

00:16:18.000 I'm not saying I was pushing McCain either.

00:16:21.000 Obama's claiming he's fighting Wall Street when his whole administration, it seems, is filled with the very people that got rid of the Glass-Steagall Act and allowed this to happen from the 1990s.

00:16:34.000 And, of course, the Bush people are willing accomplices as well.

00:16:37.000 I mean, can you speak specifically to that?

00:16:39.000 Oh, sure.

00:16:42.000 Clearly, the Rubin-Sommers-Geithner wing of economic advice in the Obama administration is very, very similar to Paulson's views.

00:16:59.000 In other words, there really is not much of a difference at all between the two administrations In their view, there was broad bipartisan support for getting rid of the Glass-Steagall Law, for example.

00:17:15.000 There was broad bipartisan support for destroying Brooksley Bourne's effort to regulate credit default swaps, which are the things that blew up AIG.

00:17:27.000 And at AIG, the taxpayers have already lost more money than the entire savings and loan cost, debacle cost.

00:17:35.000 And by the way, you know, AIG, we weren't on the hook.

00:17:38.000 It's not a federally insured depository.

00:17:41.000 That was gratuitous giveaway of taxpayer money.

00:17:45.000 So this is a new level of Ponzi schemes, where they make hundreds of billions and trillions on the way up, and now, with the bailouts on their Ponzi scheme, they get even more money on the other side of it with the taxpayer on the hook.

00:17:58.000 Well, this will only encourage more fraud.

00:18:00.000 That's exactly what we're trying to get across.

00:18:03.000 You do this type of thing, You encourage businesses to be even more abusive going forward, because they can do the most outrageous things, get incredibly wealthy through the bonuses doing them, and even when they cause disaster, they get new bonuses and more compensation paid by the taxpayers.

00:18:26.000 It is a system, you know, the movie The Gods Must Be Crazy.

00:18:31.000 It's got to be the theme for both administrations.

00:18:35.000 Because it is utterly insane policy. 0.95

00:18:37.000 But isn't it crazy like a fox?

00:18:39.000 I mean, they make money on building up the Pyramid Ponzi scheme, and then now, because they're in total control of both parties in the executive, legislative, judicial, to a certain extent, and they control the military and the police, and they control the media, and so it's crazy like a fox!

00:18:55.000 I mean, they're making out like bandits!

00:18:56.000 Oh, I don't say it's crazy from a banker's perspective.

00:18:59.000 It's perfectly sensible from a banker's perspective.

00:19:02.000 But from any politician's perspective, yeah, we can understand how much they get in the way of campaign contributions, but this is a superb way to get thrown out of office.

00:19:14.000 It's a superb way to have your reputation destroyed and to have your integrity besmirched.

00:19:22.000 Is it not a superb way, Professor Black, to also cause a Weimar Republic type situation?

00:19:30.000 Well, I think that we'll stop short of Weimar this time, certainly, but if you keep this up, you will take, you know, by far the top nation in the world in a whole host of dimensions, and you will reduce it to another case of crony capitalism, where you have utter socialism for the rich, in the sense of the failed bankers, paid for by all of us.

00:19:59.000 And that will be a very bad place to live in so let's all work together to prevent it from happening right let's turn this around now as opposed to waiting for it to become as bad as weimar wow that is You know, I try to explain that to people and they're like, it's liberal, it's conservative, it's socialism, it's fascism.

00:20:20.000 And I'm like, no, this is corrupt pirates running inside scams, bankrupting everything, and then having the people pay for it.

00:20:29.000 When Newsweek comes out and says we're all socialists now, isn't this, this is the opposite of socialism.

00:20:34.000 This isn't them helicoptering money down on the people.

00:20:37.000 This is helicoptering money to the offshore banks.

00:20:40.000 Yeah, I mean, if you wanted precedent to be closest to National Socialism.

00:20:47.000 I guess where they call it socialism, but really just give it all to the inner party?

00:20:50.000 Yeah, it's a fascist arrangement.

00:20:54.000 And then they call it socialist.

00:20:56.000 Right, well, you know, the Nazi Party calls itself National Socialist.

00:20:59.000 I'm not comparing either of these to Nazis.

00:21:01.000 I don't think that's, you know, that misuse of the phrase strikes me as Really diminishing what Nazis were all about.

00:21:10.000 But the economic system is similar.

00:21:13.000 But the economic system is... I think the best way to describe it is crony capitalism.

00:21:18.000 Yeah.

00:21:18.000 And that's a terrible system.

00:21:20.000 Anybody who's ever lived in a nation like that doesn't want to be there.

00:21:25.000 Okay.

00:21:26.000 It's like, of course, there's the crony capitalism.

00:21:28.000 Okay, exactly.

00:21:29.000 It's good for them, nobody else.

00:21:31.000 Let's come back and talk about who's at fault, how we bring them to justice, so that we can stop them.

00:21:36.000 Because they control the political system now.

00:21:38.000 If we don't stop them somehow, as you said, it's going to lead to Weimar Republic or, I guess, Zimbabwe. 0.93

00:21:45.000 His book is The Best Way to Rob a Bank is to Own One.

00:21:48.000 You gotta read it, folks.

00:21:49.000 We really appreciate William K. Black.

00:21:51.000 We're on the march.

00:21:52.000 The empire's on the run.

00:21:55.000 Alex Jones and the GCN Radio Network.

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00:23:00.000 In the New World Order's war against humanity, Barack Obama is the tip of the spear.

00:23:06.000 We've got to give them a stake in creating the kind of world order that I think all of us would like to secure.

00:23:13.000 The Obama deception completely destroys the myth that Obama is working for the best interest of the American people.

00:23:19.000 Well, Obama's already fudging.

00:23:21.000 He's fudged since day one of this election.

00:23:24.000 If you have a demagogue with a fanatical mass movement of personality cultists who is imposing the program of a group of extreme bankers and finance oligarchs, that's fascist.

00:23:37.000 It's not about left or right.

00:23:39.000 It's about a one world government.

00:23:41.000 This film documents who Obama works for, the lies he is told, and his real agenda.

00:23:47.000 Get your copy of The Obama Deception today at InfoWars.com or download it in super high quality at PrisonPlanet.tv.

00:23:56.000 The Obama Deception.

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00:24:59.000 As we've been trying to dump our wine spread, much too long to rebuild.

00:25:08.000 Rebuild.

00:25:10.000 Okay, the limited time we have with William K. Black, top federal investigator of the SNLs, the Keating Five, helped send some of them to jail. 0.98

00:25:19.000 and And they got memos out from Keating saying, we want to kill this guy, kill him dead. 0.95

00:25:25.000 Clearly, very, very scary people.

00:25:27.000 And a lot of folks ended up dying mysterious deaths, not just here, but in Australia, and BCCI, and Clark Clifford, and that whole CIA front.

00:25:37.000 Mr. Black, Continuing here, I want to go back briefly and then get into who's culpable, what Geithner's up to, you know, how we stop him, because there's this key nexus point.

00:25:48.000 As you point out, when you got Paulson, you got Geithner, it now comes out that even, you know, before Obama was elected and after he was elected, they were already working with Geithner on writing up the bailout, the banker takeover, when he was head of the New York Fed.

00:26:03.000 And you've got the Chief of Staff, Emanuel from Wall Street, I mean, literally, it's this tight coterie, this group of people in there working together, Republicans and Democrats, like I've never seen before in modern history.

00:26:20.000 But a lot of people email me and say, oh, don't bash Obama.

00:26:24.000 This was Bush that did all this.

00:26:25.000 And I'm like, yeah, Bush did it, and now Obama's going along with it.

00:26:28.000 So can you break down what happened with the banker bailout from your own research?

00:26:34.000 Is that bipartisan?

00:26:37.000 The banker bailout is fairly bipartisan.

00:26:44.000 It's wrong, not even so much, frankly, because of politics directly, as because of very, very poor creation of the plan, originally by Secretary Paulson, and then eventually with the assistance of Geithner when he was still president.

00:27:03.000 of the Federal Reserve Bank of New York.

00:27:05.000 This really wasn't compelled on them by the politicians.

00:27:09.000 This is more, they are so tight with the industry.

00:27:12.000 Paulson in particular, after all, is the guy who came from Goldman Sachs, had run Goldman Sachs before he became Treasury Secretary, had gotten Goldman Sachs into toxic waste.

00:27:26.000 He's the guy that got them into trouble with toxic waste.

00:27:31.000 Then he comes out And AIG is in trouble.

00:27:36.000 He appoints a group to give him advice and he puts Goldman Sachs, his own firm, on the advisory panel when it has a massive conflict of interest because AIG owes it billions and billions of dollars.

00:27:52.000 And guess what?

00:27:52.000 They advise.

00:27:54.000 They advise Paulson to use, first to bail out AIG and then to secretly Bailout favored banks, and in particular Goldman Sachs.

00:28:07.000 Goldman Sachs got $12.9 billion, the biggest single recipient of taxpayer money, through this kind of bailout.

00:28:17.000 And then both Paulson, and then it continued under the Obama administration, Geithner, tried very hard to make sure that we the public would never learn That our taxpayer dollars had done that.

00:28:33.000 What changed that, and this is why people should not give up, was political pressure from Congress.

00:28:40.000 And political pressure not on the administration, which was, you know, let it roll off its back like a duck, but political pressure on AIG.

00:28:50.000 And here's what the mantra was.

00:28:52.000 Not a penny more.

00:28:54.000 Not a penny more of taxpayer money It goes to AIG until we know how the money has been used.

00:29:02.000 And that's pressure on AIG is the only reason we know about the Goldman bailout, or that the fact that $50 billion roughly of US taxpayer money went to bail out foreign banks.

00:29:17.000 Foreign banks.

00:29:19.000 Why would we do that?

00:29:21.000 Including UBS, a massive Swiss bank.

00:29:26.000 That at the same time we were bailing them out secretly with 5 billion dollars, the US government tells us that UBS was involved in defrauding the taxpayers of America.

00:29:40.000 We hit them with a huge fine in a settlement of 780 million dollars.

00:29:46.000 But you do the math.

00:29:47.000 If we gave them 5 billion dollars and they paid us 780 million, who really paid the fine?

00:29:56.000 The U.S.

00:29:56.000 taxpayers really paid that fine.

00:29:58.000 Yeah, we're paying them to steal from us, and you've got Bloomberg's reporting $12.8 trillion committed, and that's almost the gross domestic product of the country.

00:30:10.000 Am I right in saying this is the biggest fraud in history?

00:30:13.000 Oh, easily.

00:30:15.000 And that's why I think our mantra should be, not a penny more until we have a PCORA investigation started.

00:30:25.000 was the guy, experienced prosecutor that we brought in the Great Depression to say, find out the facts.

00:30:33.000 And the Wall Street fat cats hated him, detested him, fought him every step of the way.

00:30:40.000 But he found the facts.

00:30:42.000 He found the widespread fraud.

00:30:44.000 And it led to many of the statutory changes that for 50 years worked so successfully in America Until Wall Street, you know, finally got enough political juice to get rid of the laws right near the end of the Clinton administration.

00:31:05.000 Now on record, it was the Clinton people with the Republicans in tandem in the 90s that gutted most of this, and then George W. Bush was a happy participant in the run-up to what we see now.

00:31:19.000 Can you speak specifically to that?

00:31:23.000 And in your own words, is this not a complete hijacking of our entire economy by Wall Street?

00:31:31.000 Well, yes, I can't speak to that directly, and yes, it was at the, they were at the beck and call of the industry.

00:31:39.000 The laws passed by overwhelming margins, but this was very much a Rubin, Summers, and Phil Graham working together special to get rid of Glass-Steagall.

00:31:54.000 And then the shutting down of Brooksley Bourne when she was trying to regulate these credit default swaps that destroyed AIG, that again was Summers and Phil Graham working together.

00:32:10.000 This is so bizarre.

00:32:14.000 They not only passed a law that stopped her particular proposed regulation, The law said you can't regulate to protect the taxpayers at all.

00:32:29.000 So they are legislating protection of crime.

00:32:35.000 For people that don't understand, can you explain what toxic... I mean, for those that may not be able to grasp it or who've heard it bantered around in the media but don't, you know, get exactly what it is, can you explain what these toxic, toxic waste assets are?

00:32:50.000 I mean, am I right in saying they're just Fiat, fraudulent, Ponzi scheme, mining stock in Arizona type, you know, crud, that they then have big insurance companies certify, and then that becomes another toxic layer of debt.

00:33:07.000 Those certifications are then traded, and then how many layers in the pyramid, you know, as they nest, like Russian dolls, these frauds within each other. 0.90

00:33:20.000 I mean, this is This is the biggest, I mean, to my mind, it's just such a ridiculous scam on its face. 0.89

00:33:26.000 Well, you're right that it's layered. 0.86

00:33:28.000 It isn't typically mining stock, you know, fake mining stock.

00:33:33.000 It was typically what we call subprime or liar's loans, what we call the underlined.

00:33:41.000 And that means, as it became in truth in 2006, 2007, Lending to folks where a very substantial number of people were going to default on the mortgages.

00:33:55.000 We're talking maybe 25%.

00:33:59.000 Typically default rates on prime mortgages run under 1% to give you a contrast.

00:34:06.000 So something 25 times as bad roughly.

00:34:12.000 And then you did create lots of elaborate, we call them financial derivatives, on top of them, some of which took the form of supposedly being insurance.

00:34:23.000 They used the language of insurance, but in reality they were just pretty much open guarantees.

00:34:29.000 That's what credit default swaps are in reality.

00:34:34.000 And you're right that that not only layered, but if you think about it like those kids' games where you try to stack things on top of each other?

00:34:43.000 Yes.

00:34:44.000 And they can hold up and they can hold up.

00:34:45.000 They start shaking and they become more unwieldy.

00:34:48.000 And the bad news is, the longer it holds together before it collapses, the bigger the collapse and the more damage when it collapses.

00:34:58.000 So the old adage of the bigger they are, the harder they fall.

00:35:02.000 Yeah, well, now they don't fall at all, right?

00:35:05.000 They're not allowed to fall.

00:35:07.000 I mean, President Obama was asked at press conference now this is about six weeks ago and he said well you know hardly any banks are in trouble and he was asked well good are you going to close the ones that are oh no no we're not going to close any large banks well what happens when you give people immunity in advance it causes recklessness uh At best.

00:35:34.000 Recklessness on a good day, outright fraud on most days.

00:35:39.000 So can you describe this then, if it's not even a Ponzi scheme that's meant to fail now, then what is it?

00:35:44.000 A debt bomb?

00:35:46.000 Or like a black hole that then is going to suck everything into it?

00:35:49.000 Oh no, it was a Ponzi dynamic.

00:35:51.000 You had to grow and grow and grow much more rapidly, which is why people poured on the toxic waste.

00:35:59.000 At increasingly fast rates in 2006-2007.

00:36:02.000 But that's what I'm asking.

00:36:03.000 This is a Ponzi scheme that then blows up and turns into a black hole.

00:36:08.000 Yeah.

00:36:09.000 One institution, IndyMac, sold 80 billion dollars of liars loans in one year.

00:36:20.000 In four and a half years, it sold far more liars loans than the entire savings and loan debacle.

00:36:29.000 So IndyMac all by itself pretty much cost the same as the entire savings and loan debacle.

00:36:37.000 See how intensifying, how much worse it gets if you don't fix the underlying problem.

00:36:43.000 So they knew though, I mean all along they knew this was going to implode and then devastate things.

00:36:48.000 They were selling liar's loans.

00:36:51.000 What was to know?

00:36:53.000 No, I mean, I understand that.

00:36:55.000 How more transparent can you get?

00:36:57.000 So, so clearly... Can you imagine coming to the regulators saying, hi, we've got a new strategic business plan.

00:37:02.000 Great, what is it?

00:37:03.000 We're going to make fraudulent loans.

00:37:05.000 Oh, okay.

00:37:09.000 And so this, this is key, Professor.

00:37:13.000 You're saying that, I mean, just on record, That the people that remove these laws, because I remember seeing Senator Dornan and others say this was going to happen on the floor, but he was against it.

00:37:28.000 They knew from setting it up, from running it up to running it down, they fully knew, and this was premeditated.

00:37:37.000 No, I'm not saying that.

00:37:38.000 I don't know that Congress knows.

00:37:40.000 I'm telling you that in the trade, everybody knew that if you made something called a liar's loan, It was because they were frauds, overwhelmingly, and that it was going to produce a disaster.

00:37:54.000 Now, Congress, of course, is paid not to know, right?

00:37:57.000 The bankers don't go in front of Congress and say, hi, we want to produce a disaster.

00:38:02.000 Please take our money.

00:38:04.000 They tell Congress, hey, we have this wonderful new thing, financial derivatives, and everybody, which is to say us, you know, on Wall Street, says this is the greatest thing Since sliced bread, right?

00:38:19.000 And everything's going to be wonderful.

00:38:21.000 And, and we need it because unless we have it, we can't compete with the German massive, what are called universal banks that can do anything.

00:38:31.000 So we have to get rid of every protection we've ever put in place in the United States so that our big banks can compete with their giant banks.

00:38:40.000 That's how they sold it to Congress.

00:38:44.000 But obviously, somebody in Congress before knew it was bad, or it wouldn't have been illegal previously.

00:38:49.000 Well, yes, because we did an investigation and we found the facts.

00:38:53.000 So, I urge your listeners to join us in demanding an investigation of what caused the problem, and of course, that we then fix the problem as opposed to ignore it.

00:39:07.000 Alright, in your own words.

00:39:08.000 We did fix it after the Great Depression, and it worked for You know, a whole two generations of Americans.

00:39:16.000 Alright, well we're going to get into solutions in the final segment coming up, but I also want folks to get your book, The Best Way to Rob a Bank is to Own One, by our guest, William K. Black.

00:39:25.000 But, Mr. Black, specifically, you've been very critical, even though you were a supporter of Obama, of Geithner and others.

00:39:32.000 Specifically, what has Geithner been up to?

00:39:35.000 I mean, isn't he a central figure in all of this?

00:39:38.000 Absolutely, and he makes it absolutely clear that Obama in this category, finance, was continuing the Paulson policies, because Geithner was Paulson's right-hand man.

00:39:54.000 And you would have thought that would have disqualified him, but for some reason that was viewed as a positive by the Obama administration.

00:40:02.000 And so he was not only kept on, he was promoted to Treasury Secretary.

00:40:07.000 And of course he's continued these policies and in some ways he's actually made them worse.

00:40:13.000 And that's saying something because the Paulson policies were horrific.

00:40:20.000 And then Obama comes out and says, I'm fighting the CEO bonuses, and then it turns out he wrote the executive order and told Senator Dodd to write the loophole in the stimulus package.

00:40:34.000 I mean, that is a new level in arrogant lying.

00:40:39.000 Well, and it's not just that, because the press reports also show that Treasury is currently working behind the scenes With Wall Street to try to exempt them effectively from even the existing laws that were passed in part over the opposition of the Obama administration.

00:41:01.000 In the stimulus bill, and this again, but you know, don't give up folks.

00:41:01.000 Right?

00:41:06.000 In the stimulus bill, there was a revolt among Democrats.

00:41:12.000 And in complete opposition to what President Obama wanted, They put some restraint on bonuses and compensation into the stimulus bill.

00:41:23.000 But of course, as I said, the reports are that the Obama administration is now trying to work with Wall Street to help evade those restrictions.

00:41:32.000 We need to re-energize both sides of the aisle to stop this. 0.97

00:41:39.000 Mr. Black, what does it mean when they do these stress tests to the banks, and then say to the banks, don't tell the public what we found, and then it leaks that the banks are really in dire situation?

00:41:51.000 Oh no, it doesn't leak that they're really in dire situation.

00:41:54.000 They're busy leaking the propaganda that everything's wonderful.

00:41:58.000 And it's being picked up uncritically in places like Bloomberg and the New York Times.

00:42:05.000 The stress tests are a sham, and I've said that.

00:42:08.000 You know, people can go on the web, sites like Naked Capitalism, and see excerpts of my reasons why it's a sham.

00:42:16.000 I predicted in advance it would be a sham, and it's obviously proven to be a sham.

00:42:21.000 That's my next question, and we're about to break.

00:42:23.000 Where can people find the body of your work?

00:42:26.000 It's prolific.

00:42:26.000 I mean, they can buy your book in stores, but how do folks find your writings?

00:42:31.000 Just Google William K. Black?

00:42:33.000 That will work, although you'll get many hits.

00:42:36.000 Or go to, you said, the nakedcapitalist.com?

00:42:40.000 Naked Capitalism is one of the financial blog sites.

00:42:43.000 You can look at Huffington Post.

00:42:44.000 You can look at Cato.

00:42:47.000 All right, stay there, sir.

00:42:48.000 We really appreciate you being with us.

00:42:50.000 An amazing individual, William K. Black, is our guest.

00:42:55.000 We'll be right back.

00:42:56.000 We'll be right back.

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00:46:03.000 From his Central Texas Command Center, deep behind enemy lines, the information war continues.

00:46:10.000 It's Alex Jones and the GCN Radio Network.

00:46:15.000 That's right, there is a war on for your mind, and we have somebody who's a great captain for Liberty in the fight to get people to open their minds and wake up.

00:46:24.000 William K. Black, author of The Best Selling, wrote it three, four years ago, and it's best seller again, because he predicted everything that was going to happen.

00:46:32.000 The best way to rob a bank is to own one.

00:46:34.000 Be sure and get that.

00:46:36.000 Because if we don't turn this around, you know, that's the big question, sir.

00:46:39.000 If we don't turn this around, and they just continue the Ponzi schemes that are now getting Galactic in size, where is this leading us?

00:46:52.000 Well, you can already see where it's been leading, right?

00:46:54.000 The savings and loan crisis, it was a miracle it was contained when it was because the political pressure there was even more severe than you had here.

00:47:06.000 But you turned out to have this incredibly brave regulator, Ed Gray, who took on his own administration, took on Wall Street, Uh, and succeeded, uh, brilliantly.

00:47:18.000 But there's been nobody like that in this crisis.

00:47:21.000 So, you had the savings and loan at about $150 billion.

00:47:24.000 Then you go over to Russia, and they tried out these ideas of Russian privatization.

00:47:29.000 And it produced massive corruption and the rise of a few very, very rich multibillionaires.

00:47:37.000 Uh, many of them connected with organized crime.

00:47:40.000 The oligarchs! 0.99

00:47:41.000 The oligarchs.

00:47:42.000 And it, you know, when this happens, Look what happens politically in reaction.

00:47:49.000 You get dramatic political changes as people become infuriated.

00:47:54.000 So where did they hit next?

00:47:56.000 This was the Washington Consensus, was their phrase.

00:47:59.000 That we knew how to run life and it was the way Wall Street said.

00:48:03.000 And so they did this through Latin America.

00:48:05.000 And what did it produce there?

00:48:07.000 Ten years of stagnation and incredible corruption and giveaways To the biggest, you know, their version of Wall Street, and what has happened politically, who's getting elected in Latin America?

00:48:21.000 You know, people that now intensely hate capitalism and America in reaction.

00:48:30.000 Well, we didn't learn any of those lessons from any of those crises, so we're currently in this one, and this one is big enough that it's global, and it's going to be the most severe recession In the lives of anybody under the age of 80.

00:48:46.000 We can't afford to repeat it because you don't just repeat as I've been trying to get across.

00:48:53.000 When you don't fix it, it doesn't just repeat, it comes back much worse.

00:48:58.000 Okay, we're going to get to solutions in the final segment coming up in a moment, but Madoff, you talk about organized crime, it's now in the Times of London and the Associated Press, I'm sure you've seen it, that Cuomo's going after one of Madoff's managers, and they're saying they believe there's organized crime, drug money, laundering going on.

00:49:17.000 In all of the really big frauds, you're going to find the other thing we haven't talked about, and that is the role of the offshore stuff.

00:49:27.000 Which is like UBS, we were talking at the giant Swiss bank, where very, very wealthy people evade taxes by putting their money in these tax havens, and that always leads to wide-scale corruption.

00:49:27.000 Right?

00:49:45.000 And doesn't it lead to selective enforcement, though?

00:49:47.000 I mean, we see Geithner and all of them saying they're going to go after this, but then when you read the fine print, it's selectively, and that's what the Caymans and the Virgin Islands and the Swiss are saying.

00:49:58.000 Is there any truth to that?

00:50:00.000 Well, that's certainly true, period.

00:50:03.000 In other words, if you look, in the Bush administration, what's particularly terrible on this It largely reoriented its enforcement against poor taxpayers in a way for rich taxpayers.

00:50:18.000 Actually, what we're trying to do on UBS might reverse that a bit.

00:50:21.000 That would be good news.

00:50:22.000 We're going to come right back.

00:50:23.000 I want to finish up with that.

00:50:24.000 Yeah, that's right.

00:50:25.000 I remember seeing the numbers where they took almost all the FBI agents off the billionaire swindlers and put them on blue collar and white collar, you know, mid-level stuff.

00:50:36.000 It's just amazing.

00:50:37.000 Talk about Fox running the hen house. 0.99

00:50:43.000 Thank you for listening to GCN.

00:50:45.000 Be sure to visit GCNlive.com today.

00:50:50.000 Hello, friends.

00:50:51.000 This is Alex Jones.

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00:51:48.000 Waging war on corruption.

00:51:55.000 Alex Jones on the GCN Radio Network.

00:51:58.000 Alex Jones on the GCN Radio Network.

00:52:16.000 Aaron and Rob are up there.

00:52:18.000 They're about to do an interview with him for TV here in Austin and film work we're doing.

00:52:25.000 That's just amazing, because I've studied this constantly and I have all these guests on.

00:52:29.000 And to talk to Mr. Black, he just puts it all together.

00:52:31.000 Okay, you were getting into what I've even seen in the New York Times and Washington Post.

00:52:36.000 They admit that under Bush, they took most of the regulators and most of the FBI investigators off the big tax thieves and put them literally on mom and pops.

00:52:47.000 I mean, if that is an open, conscious criminality, I mean, you'd think the government would want these tax revenues.

00:52:52.000 Can you speak to that?

00:52:53.000 Yeah, they throw away money.

00:52:56.000 It's completely insane.

00:52:59.000 They cut the overall number, even though they knew that they would cost them more in lost taxes that they would save by not having enough IRS people.

00:53:11.000 And then they oriented the IRS people overwhelmingly towards not even middle class, but actually working class Americans.

00:53:23.000 You know, it's a spectacular misuse of money.

00:53:25.000 It results in far less tax dollars being, far fewer tax dollars being collected.

00:53:33.000 There's nobody that can defend it, but it's part of the general piece.

00:53:36.000 You know, white-collar prosecutions are down more than 25% under the Bush administration, when of course white-collar crimes reached An unprecedented level in history.

00:53:49.000 And now it's accelerating under Obama.

00:53:52.000 I mean, are we seeing an acceleration of that?

00:53:54.000 I mean, I don't see them changing the enforcement.

00:53:57.000 Well, we certainly haven't seen it yet.

00:53:59.000 I talked earlier that they first announced that they were actually going to investigate the big lenders, which they themselves, again, said were the key frauds two years ago, March 2007.

00:54:13.000 Not a single major indictment.

00:54:15.000 So, you know, Maybe they're having the most wonderful, most secret, most successful investigation of all time, and there have been no leaks.

00:54:26.000 But that doesn't sound like America to me.

00:54:28.000 All right, we've only got a few minutes left, sir, and then I'll let you take a break and do the interview with the guys.

00:54:32.000 Again, we're very thankful and we'll have you back up soon because you can't do this in an hour.

00:54:36.000 In closing, what are the solutions?

00:54:38.000 I mean, for me, if we start grand jury investigations, not just federal but state, if we go after more of these Madoff crooks, get them to flip and expose the larger system, isn't the quickest way to end this is to have investigations and start arresting people?

00:54:53.000 I mean, won't that point out how this is criminal and needs to be stopped?

00:54:57.000 But you won't get that as long as the failed bankers, often the fraudulent failed bankers, are left in positions of power.

00:55:06.000 You need to put honest bankers in who will have the incentive and the orders to find where the bodies are buried and to make the necessary criminal referrals.

00:55:19.000 The FBI cannot do this on its own.

00:55:21.000 So, here's an action agenda.

00:55:23.000 One, start the PCORA investigation immediately.

00:55:27.000 2.

00:55:28.000 Get rid of the bad bankers that caused the failures.

00:55:32.000 3.

00:55:32.000 Put honest, competent bankers in.

00:55:34.000 4.

00:55:35.000 Find the facts about the assets.

00:55:38.000 5.

00:55:39.000 Make the appropriate criminal referrals with detailed roadmaps for the FBI so they can make a successful case.

00:55:47.000 Indict them.

00:55:48.000 7.

00:55:49.000 Look for the Achilles heel in the fraud.

00:55:51.000 We don't have remotely enough people.

00:55:53.000 We should, of course, increase Greatly the number of FBI agents, but you also have to do like an emergency in medicine.

00:56:02.000 You have to triage.

00:56:04.000 You have to prioritize.

00:56:05.000 So go after the rating agencies.

00:56:07.000 There are only three of them.

00:56:09.000 With 20 competent regulators, you could rip that place out and build it in a competent, fresh fashion.

00:56:18.000 And without the AAA ratings, this crisis Couldn't have become a global disaster.

00:56:25.000 So there's my action agenda.

00:56:26.000 Very well done.

00:56:27.000 And please talk to the guys in more detail about solutions.

00:56:30.000 The problem is, though, the very corrupt elite that have engineered this are in control of both parties.

00:56:36.000 And the fox is running the henhouse.

00:56:38.000 So it doesn't look like that's going to happen, does it?

00:56:40.000 If we get the facts through a PCOR investigation, we will so embarrass them that they will not be able to block many of these reforms.

00:56:50.000 And it is us or them.

00:56:51.000 I mean, they're only going to make it worse if we don't do it, right?

00:56:54.000 That's the whole history that I just went through.

00:56:56.000 The policy is getting much worse.

00:56:58.000 Thank you so much, Mr. Black.

00:57:00.000 Thank you for spending time.

00:57:04.000 You might not be able to spell Constitution, but you sure know how important it is.

00:57:08.000 You might not be missing any shirts from your closet, but you have given the shirt off your back hundreds of times.

00:57:15.000 You might not understand the thousands of laws that exist, but you do live by the Ten Commandments.

00:57:20.000 You might not know who the bad guys are, or what you should be complaining about, but you do know what to be thankful for.

00:57:26.000 You might not be looking for a government handout, but you do know how Not that you don't know, but you do know that you want to take care of your family.

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00:57:59.000 In the New World Order's war against humanity, Barack Obama is the tip of the spear.

00:58:07.000 We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded.

00:58:14.000 The Obama deception completely destroys the myth that Obama is working for the best interest of the American people.

00:58:21.000 Well, Obama's already fudging.

00:58:23.000 He's fudged since day one in this election.

00:58:25.000 If you have a demagogue with a fanatical mass movement of personality cultists who is imposing the program of a group of extreme bankers and finance oligarchs, that's fascist.

00:58:37.000 It's not about left or right.

00:58:39.000 It's about a one-world government.

00:58:41.000 This film documents who Obama works for, the lies he is told, and his real agenda.

00:58:47.000 Get your copy of the Obama Deception today at InfoWars.com or download it in super high quality at PrisonPlanet.tv.

00:58:56.000 The Obama Deception.

00:58:57.000 The people strike back!

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01:00:01.000 He's the T-Rex of political talk.

01:00:04.000 Alex Jones on the GCN Radio Network.

01:00:07.000 All right, here's the deal, ladies and gentlemen. ladies and gentlemen.

01:00:27.000 - Come on.

01:00:28.000 We've been having so many guests on, I've been so busy that I haven't been taking a lot of calls lately.

01:00:33.000 And I know we've got callers all over the map.

01:00:35.000 I want to talk about a host of issues.

01:00:39.000 Is this a current date of callers here, John, or have we even opened the phones up yet?

01:00:44.000 Alright, I'm going to open the phone lines right now at 1-800-259-9231.

01:00:53.000 1-800-259-9231.

01:00:53.000 We are live at PrisonPlanet.tv.

01:00:55.000 Man, the lady that cut my hair cut it too short. 1.00

01:00:58.000 I look like buckwheat now.

01:00:59.000 My hair keeps sticking up and back, and I'm not somebody that cares how I look, but my goodness.

01:01:03.000 I mean, I've now turned into buckwheat here, ladies and gentlemen.

01:01:06.000 You know buckwheat from the Little Rascals?

01:01:08.000 He's got the...

01:01:09.000 Got the hairstyle going.

01:01:11.000 I guess the buckwheat looks kind of in, so I'm like styling here, ladies and gentlemen.

01:01:18.000 Oh my God.

01:01:20.000 Get me a fauxhawk. 0.96

01:01:21.000 What's a fauxhawk? 1.00

01:01:25.000 Oh, he's got a fauxhawk. 0.93

01:01:28.000 My God, ladies and gentlemen. 0.63

01:01:30.000 Business suits have been replaced with fauxhawks.

01:01:33.000 Alright, 1-800-259-9231.

01:01:38.000 I mean, there was a former top federal regulator and investigator telling you that complete criminals run everything.

01:01:45.000 I mean, they consciously are running it.

01:01:47.000 The Foxes run the hen house.

01:01:49.000 Congress is bankrolled by these people.

01:01:51.000 The Republicans are bankrolled by them.

01:01:53.000 Obama's bankrolled by them.

01:01:54.000 It wouldn't matter who he elected, they would have done this.

01:01:58.000 But they wanted Obama because they decided he could sucker people a little bit better. 0.52

01:02:03.000 And that's it.

01:02:05.000 Period.

01:02:06.000 And, you know, I try to laugh about this, but it's not funny, because your pension funds, your police funds, your fire funds, your teacher funds, your private funds, were all invested in this, and they've already stolen about half of it.

01:02:17.000 And they're going to steal it all.

01:02:19.000 That's what this hyperinflation means.

01:02:21.000 And that's guaranteed with what they've done.

01:02:23.000 Let me run over some of the other headlines here that are very, very important.

01:02:32.000 This is all my global government stack I had yesterday.

01:02:37.000 Where's the stack I had earlier on the show?

01:02:40.000 I wanted to go over that.

01:02:41.000 I can't keep track of it anymore, ladies and gentlemen.

01:02:47.000 Well, what's happened is, and it's even happened to me, we've all gotten acclimated to live with corruption.

01:02:51.000 To live with government out of control, and corporations out of control, and individuals out of control.

01:02:58.000 I mean, we just put up with more crap than we should, and now criminals are just running over every facet of society. 0.64

01:03:05.000 I mean, it's criminal when the police run a checkpoint without warrants, but we put up with it. 0.96

01:03:10.000 It's criminal when they have the army out suddenly running checkpoints to acclimate us.

01:03:14.000 Why do you think they're doing all of that?

01:03:17.000 Because they're going to steal everything and take it offshore and they know people are going to riot and burn everything down.

01:03:24.000 And they're going to march out the cops and military to have gun battles with you when you're doing it.

01:03:30.000 And the banks even bragging their IMF World Bank documents that they love that because then they get to buy up what's left even cheaper.

01:03:37.000 And I'm saying we don't want this to happen.

01:03:40.000 And so I get newspapers attacking me because I'm calling for not having violence.

01:03:45.000 The establishment is bold.

01:03:47.000 They say, you want to murder cops.

01:03:49.000 And I go, I just said we don't want this to happen.

01:03:52.000 And they go, no. 0.63

01:03:53.000 You want to murder cops. 0.97

01:03:54.000 You cause cops to be murdered. 0.93

01:03:56.000 And I'm going, the bankers are engineering a collapse.

01:04:00.000 They're going to go after the people's guns.

01:04:01.000 They've introduced the bills.

01:04:02.000 It's going to be a bloodbath.

01:04:04.000 We don't want violence.

01:04:06.000 And they say, You know what? 0.96

01:04:09.000 You're a cop killer.

01:04:11.000 See, I mean, it's like, this is psychological warfare. 0.99

01:04:17.000 They mean it to be crazy.

01:04:19.000 They mean it to be wild.

01:04:20.000 You know, why have they come out in the case of one Al Qaeda member and claimed he's been killed over 15 times and never retract the last time he was killed?

01:04:32.000 Why do they do that?

01:04:34.000 They never say he wasn't killed last time.

01:04:36.000 Chemical Ali, they claim they killed him four times.

01:04:39.000 Now they're saying they're going to execute him or something.

01:04:41.000 And they would say, here he is, here's his dead body.

01:04:43.000 Here's the dead bodies of Saddam's sons. 0.92

01:04:46.000 And then they'd say a month later, oh, we killed Saddam's sons again. 0.75

01:04:50.000 We killed Chemical Ali again. 0.99

01:04:52.000 Oh, we killed him again six months later. 0.99

01:04:54.000 Oh, we killed him again. 0.51

01:04:55.000 And they never retract that we didn't kill him last time. 0.99

01:04:59.000 They are practicing being caught as liars openly.

01:05:03.000 It's a psychological tactic and psychological warfare to just be caught, and it's just... And then I remember the first time they said they killed him, they said, oh, here's their two dead bodies, bombed in a house, you can pull this up.

01:05:14.000 And it said they've been reconstructed with wax and clay, so they're recognizable.

01:05:19.000 And it's too... I mean, I could take a ball of clay and make a better fake head and stick a fake mustache on it.

01:05:28.000 And I remember looking at the pictures on the news and saying, those are fake!

01:05:31.000 Those aren't even people!

01:05:34.000 And then they came out and the others said, oh yeah, it was reconstructed clay to show what their dead bodies looked like.

01:05:39.000 That was in the news!

01:05:42.000 Like they came out and said, uh, Khalid Sheikh Mohammed bombed all these buildings that were bombed four years after he was in custody.

01:05:52.000 And the news just said, it doesn't matter if he was in custody, he bombed it. 0.61

01:05:55.000 They just practice evil.

01:05:58.000 They just practice lying constantly.

01:06:02.000 But there's millions of other types of deception.

01:06:04.000 Here's one.

01:06:06.000 I'm on the treadmill this morning for 30 minutes, I didn't have enough time to be on there longer, and I'm watching CNN and Fox, I'm flipping back and forth, and it's Barack Obama's got a lot of rich Wall Street people in his administration, but David Gergen, a Republican, says that's a good idea because they're experts and know how to fix it.

01:06:22.000 And the next piece was...

01:06:24.000 He lost his arm in Iraq, but he's not even a U.S. 1.00

01:06:27.000 citizen.

01:06:28.000 How mean!

01:06:29.000 But now he gets to become a U.S.

01:06:31.000 citizen.

01:06:31.000 That's meant to make you think it's okay that they're converting the majority of the force, from a big piece to a majority, to foreign or illegal aliens from all over the country, and all over the world.

01:06:40.000 And then I was back there getting some coffee earlier, and it was another piece on another news channel, I think it was MSN, and we were recording it, and I'm seeing the propaganda.

01:06:50.000 They got the same report on another channel!

01:06:55.000 This is admittedly fake!

01:06:57.000 To where, oh, I love the foreigners that make up our... They aren't bringing in foreign troops, though they've signed agreements to use purely foreign armies publicly. 0.99

01:07:05.000 That isn't a rumor, that's mainstream news.

01:07:07.000 Public agreements.

01:07:08.000 Congress asked last year, what are you doing signing agreements to use foreign troops in the United States?

01:07:13.000 And NORTHCOM said, have you read PDD 51? 0.98

01:07:16.000 Shut up! 1.00

01:07:17.000 Shut up, Congress, or we'll put you in a MIAC report! 1.00

01:07:21.000 We run things now! 1.00

01:07:23.000 Literally!

01:07:26.000 Don't believe me.

01:07:27.000 Guys, Google it.

01:07:29.000 It was in the Toronto Star and a bunch of Canadian papers and one U.S.

01:07:32.000 paper.

01:07:33.000 Google this.

01:07:35.000 Let me call up the exact headline.

01:07:37.000 Hold on.

01:07:37.000 Or close.

01:07:38.000 I'll go to your calls.

01:07:40.000 Because I keep getting emails saying they're not doing deals for foreign troops even though I've been to urban warfare drills where they're training to have foreign troops take your guns and admitting it's for America.

01:07:49.000 Police State 2000.

01:07:52.000 Let me think.

01:07:55.000 Congress complains about not being notified about military agreement with Canada and Mexico.

01:08:06.000 Congress complains about not being notified or not being included, something like that.

01:08:11.000 And then you read the article, it just calmly says, oh, Canadian and Mexican troops signed deals in Canada today to, under NORTHCOM, police the United States during insurrection or terrorism.

01:08:23.000 And then they come out in the Canadian paper and go, oh, the troops are going to be patrolling to stop drunks on the weekends.

01:08:28.000 Same thing here.

01:08:29.000 We're stopping drunk driving with the army.

01:08:31.000 And then they announce it here.

01:08:33.000 And the governor of Tennessee says, no, you're not going to use army on the streets of Tennessee.

01:08:37.000 And they go...

01:08:38.000 Oh, we aren't? 1.00

01:08:39.000 Go to hell! 1.00

01:08:40.000 Ha ha ha! 1.00

01:08:41.000 That was last weekend!

01:08:43.000 We're all, oh, we had a victory!

01:08:45.000 The governor said no, and then we learned Monday, it's in the newspapers, the army was out, with highways shut down, quote, for over a mile, with the army searching people!

01:08:56.000 And then I go, oh look, here's the Tennessee newspapers!

01:09:00.000 And then I get national newspapers saying I'm a lying kook, and it doesn't exist!

01:09:06.000 I mean, you know, it's reached a new level.

01:09:10.000 Like Obama writing the executive order for the bonuses and then getting on TV saying, I'm gonna stop the bonuses, I'm outraged.

01:09:20.000 I mean, they've introduced all these bills to basically ban guns in America.

01:09:24.000 Unlimited banning is what one of the bills gives you.

01:09:26.000 And then they just say to us, you're liars.

01:09:28.000 I mean, I have newspaper reporters calling me, going, why are you putting out this disinformation that Obama wants the guns?

01:09:36.000 And I go, well, let me give you some bill numbers.

01:09:38.000 No, no, I'm not interested in that.

01:09:39.000 You're not interested, you little... Man, I'm not gonna...

01:09:45.000 I mean, folks, we're... total criminals run everything. 1.00

01:09:50.000 We are screwed. 0.96

01:09:51.000 And if we don't realize how bad it is, we have no hope of getting out of this. 0.92

01:09:56.000 The house is caved in on us, you know, we're pinned, we're bleeding, and the American people are going, oh, it's a little cramped, but I... and I'm, like, in the rubble with them going, listen, this is really bad, we gotta work together to dig out of here.

01:10:08.000 And, you know, and they're like, shut up, conspiracy theorist!

01:10:11.000 Hold on, let me pull this two-by-four with nails out of my back. 1.00

01:10:15.000 I mean, we're caved in here, and I'm saying, let's dig our way out, and the people are arguing, going, I don't know, the ceiling's supposed to be six inches from the floor.

01:10:29.000 And there's those of us that have been trying to hold the house up, you know, we're down here in the mine, like the song Big John.

01:10:36.000 And we're sitting around to hold this thing up together, and then the public's punching us in the stomach and chest going, stop it, conspiracy theorists!

01:10:42.000 Stop being anti-government! 0.97

01:10:44.000 You're evil! 0.98

01:10:44.000 There's no new world order! 0.98

01:10:45.000 There's no global bank!

01:10:47.000 Everything's fine!

01:10:48.000 There's no one-child policy and no carbon tax! 1.00

01:10:48.000 Shut up! 1.00

01:10:50.000 And they're just punching us. 1.00

01:10:51.000 We're going, please, stop!

01:10:52.000 They're just punching us.

01:10:54.000 We're trying to hold up things, you know, and they're just, bam, bam, bam, they're just, like, punching us as fast as they can.

01:10:54.000 I'm going, please!

01:10:59.000 We're going, please!

01:11:00.000 Please, we can't hold it much longer!

01:11:01.000 My God, they're building FEMA camps! 1.00

01:11:02.000 Shut up, liar! 1.00

01:11:03.000 The government loves me! 1.00

01:11:04.000 Shut up! 1.00

01:11:04.000 They're just punching, punching! 1.00

01:11:06.000 Number one, please, please!

01:11:08.000 You know, please stop punching!

01:11:10.000 No, no, the government's good!

01:11:11.000 The government loves me!

01:11:12.000 They're just punching, punching, punching, punching!

01:11:14.000 The cops are reading Mayak reports and pulling Ron Paul supporters over.

01:11:17.000 Get out of the car!

01:11:19.000 And of course, then they're starting to buy guns and starting to go, whoa, we're going to have to fight!

01:11:23.000 Do you see how this is a self-fulfilling prophecy?

01:11:26.000 You understand this is real?

01:11:34.000 Tyranny's come to our shores?

01:11:38.000 Bondage is coming!

01:11:41.000 And no, you don't understand that. 0.55

01:11:43.000 You're arrogant, you like your petty power in government, and the yuppies think everything's fine, and you have no idea how bad this is gonna get.

01:11:52.000 But, down the road you will, and we can still turn it around and beat it, Pelosi's openly saying national gun registration, Before you throw away your used batteries, you need to listen to this.

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01:13:50.000 877-479-8178 That's 877-479-8178 In the New World Order's war against humanity Barack Obama is the tip of the spear We've got to give them a stake in creating the kind of world order that I think all of us would like to see.

01:14:13.000 The Obama deception completely destroys the myth that Obama is working for the best interest of the American people.

01:14:19.000 Well, Obama's already fudging.

01:14:21.000 He's fudged since day one in this election.

01:14:23.000 If you have a demagogue with a fanatical mass movement of personality cultists who is imposing the program of a group of extreme bankers and finance oligarchs, that's fascist.

01:14:37.000 It's not about left or right.

01:14:38.000 It's about a one-world government.

01:14:40.000 This film documents who Obama works for, the lies he is told, and his real agenda.

01:14:47.000 Get your copy of The Obama Deception today at InfoWars.com or download it in super high quality at PrisonPlanet.tv.

01:14:55.000 The Obama Deception.

01:14:57.000 The people strike back.

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01:15:57.000 You know, home game.

01:16:06.000 One of our sponsors just sent us all these little orange gorillas. 0.97

01:16:10.000 Bring one in.

01:16:11.000 I want to make a tinfoil hat for one of them.

01:16:14.000 Because if you think the banks are corrupt and out of control, you're a tinfoil hat person.

01:16:19.000 Look at that.

01:16:21.000 Very evil.

01:16:22.000 This is probably in a MIAC report.

01:16:24.000 Ha ha ha, yeah!

01:16:27.000 Ha! 0.89

01:16:27.000 Ninja attack, anyways. 0.89

01:16:30.000 You know what?

01:16:31.000 I try to have fun.

01:16:32.000 And I apologize.

01:16:34.000 I need to be more serious.

01:16:37.000 Let's just go to your phone calls right now, as promised.

01:16:40.000 Joe in New Mexico, sir, you're on the air.

01:16:42.000 Welcome.

01:16:43.000 Hey, Alex.

01:16:46.000 I'm getting kind of frustrated here, and I was listening to that William Black interview with you.

01:16:51.000 And I watched his Moyers.

01:16:55.000 People gotta go back and watch the third segment on that.

01:16:57.000 This guy is, he's holding back.

01:17:00.000 You know, you are a truth seeker.

01:17:02.000 This guy, in my opinion, he's pulling his leg back.

01:17:06.000 And the reason why I say that, Alex, is he talks about how these guys have good intentions and they were just frankly scared, and that's why they did the bailouts.

01:17:18.000 You know, ask him what's up with the WAMU and JPMorgan, a solvent entity being sucked up by JPMorgan.

01:17:25.000 Well, I mean, he's on this show saying that they engineered the thing knowing it would collapse and that they're criminals.

01:17:31.000 I mean, he's one of the strongest voices out there at his level.

01:17:36.000 He is, but Alex, the guy that's holding back, he knows more.

01:17:42.000 He knows a lot more.

01:17:44.000 And I just wonder why he's scared or holding back.

01:17:47.000 He's not like you.

01:17:48.000 He doesn't go full bore and say, these are the facts.

01:17:52.000 You can just see it.

01:17:54.000 There's more to this.

01:17:55.000 And I think he's pulling a Glenn Beck and he's desensitizing people on the issue.

01:18:00.000 And it's kind of following what I'm saying.

01:18:03.000 I'm just frustrated.

01:18:05.000 No, I hear you, but instead of worrying about the bankers taking over and everything that's happening and admitting they're chemtrailing us now, just deny it all!

01:18:13.000 You know, because you don't want them to say you wear a tinfoil hat.

01:18:16.000 I mean, the governments have always... No, but it's like the Tea Parties, Alex.

01:18:20.000 They're talking about taxation. 0.87

01:18:21.000 The problem is the stinkin' Federal Reserve! 0.82

01:18:24.000 No, no, I agree. 0.65

01:18:25.000 But listen, more and more it's a process.

01:18:28.000 More and more at those Tea Party meetings, they are talking about the private Federal Reserve and the New World Order.

01:18:35.000 So what's happening, and that's the reason Fox News is having to at least pay lip service to FEMA, Cams, and New World Order and global currency now, is because Conservatives, Libertarians, and Liberals have been woken up by people like you and I and many others, and so they've lost all credibility.

01:18:50.000 So you even hear a lot of this stuff on CNBC and CNN now, so they understand that we're effective.

01:18:55.000 So, folks, you know, you should feel good to a certain extent that we've been able to reach as many people as we have been able to, but I appreciate your call.

01:19:04.000 Will in Louisiana.

01:19:05.000 Will, you're on the air.

01:19:08.000 Hi.

01:19:11.000 Yes, go ahead.

01:19:11.000 or what I think planned by the IMF with the synthetic currency loans and how they plan to deface or devalue the currency.

01:19:25.000 Yes, go ahead.

01:19:27.000 What they're planning to do is take this currency loans, let's say the United States loans, Japanese, and then they pay us back that loan with Japanese yen in their exchange rate.

01:19:45.000 So they don't have to hold American dollars.

01:19:47.000 Sir, there's no such thing as exchange rate.

01:19:49.000 Hundreds of newspapers haven't announced that there's a world government.

01:19:53.000 Everything is fine.

01:19:55.000 I mean, no one's ever wanted to rule the world.

01:19:58.000 There aren't global elites.

01:19:59.000 The Council on Foreign Relations and literally hundreds of documents just in the last few years hasn't called for global governance.

01:20:07.000 I mean, they actually have.

01:20:09.000 But International Institutions and Global Governance Program World Order 21st Century, May 1st, 2008, with David Rockefeller saying they're going to engineer a planetary takeover by the UN by a world depression.

01:20:22.000 I mean, that doesn't exist, sir.

01:20:24.000 And if you think it exists, if you think the CFR exists, well, then you're an orange monkey wearing a tinfoil hat.

01:20:30.000 That's all I can really say.

01:20:32.000 But do you see how they don't have to hold American dollars now?

01:20:35.000 They can just pay us back in... But see, according to the yuppies, none of this even exists.

01:20:40.000 So why does it even matter?

01:20:42.000 And then can I touch on one thing?

01:20:44.000 The collateralized debt obligations?

01:20:46.000 Sure, go ahead.

01:20:47.000 And how they don't have to pay tax if they're a multinational.

01:20:50.000 They're exempt from certain taxes.

01:20:53.000 Yes.

01:20:55.000 They pay less than 1% tax.

01:20:57.000 Taxes are for little people. 1.00

01:20:59.000 That's why the IRS has its investigators going after folks making 20 grand a year.

01:21:02.000 They don't go after folks making a billion a year.

01:21:06.000 Go ahead.

01:21:08.000 Basically, that's all I wanted to touch on.

01:21:10.000 I wanted to touch on synthetic currency loans and more information needs to be looked into on the tax structure within these derivatives and these collateralized debt obligations.

01:21:22.000 Yeah, no, you're right, and they're all ready.

01:21:27.000 Issuing the global currency and they admit that in major papers. 0.94

01:21:29.000 But again, that doesn't exist according to the yuppies, who are actually a brainwashed cult of nuts.

01:21:35.000 They're the tinfoil hat wearers. 1.00

01:21:37.000 They believe the false reality because they're such cowards. 0.98

01:21:40.000 And that's why they're going to lose everything they've got. 0.99

01:21:42.000 But even when they lose everything they've got, they're such cowards, they're still going to worship the government and feel like they're members of the establishment. 0.96

01:21:48.000 And the government's going to point them like a dangerous horde at us. 0.93

01:21:51.000 We're on the march.

01:21:52.000 The empire's on the run.

01:21:55.000 Alex Jones and the GCN Radio Network.

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01:22:10.000 And if, and only if, you stop smoking, will you then come back and pay for it.

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01:23:00.000 In the New World Order's war against humanity, Barack Obama is the tip of the spear.

01:23:07.000 We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded.

01:23:14.000 The Obama deception completely destroys the myth that Obama is working for the best interest of the American people.

01:23:21.000 Well, Obama's already fudging.

01:23:23.000 He's fudged since day one in this election.

01:23:25.000 If you have a demagogue with a fanatical mass movement of personality cultists who is imposing the program of a group of extreme bankers and finance oligarchs, that's fascism.

01:23:37.000 It's not about left or right.

01:23:38.000 It's about a one-world government.

01:23:40.000 This film documents who Obama works for, the lies he is told, and his real agenda.

01:23:47.000 Get your copy of The Obama Deception today at InfoWars.com or download it in super high quality at PrisonPlanet.tv.

01:23:55.000 The Obama Deception.

01:23:57.000 The people strike back.

01:24:00.000 Alex Jones here with a question.

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01:24:59.000 Waging war on corruption.

01:25:08.000 Alex Jones on the GCN Radio Network.

01:25:11.000 Rob Dew, my producer, one of our producers popping in. - Real quick here on the show with us, and I'm going to your calls right now, here in just a moment.

01:25:30.000 Got some key updates for folks.

01:25:32.000 You found a 1930s newspaper editorial describing how the communists are actually in control of the banks.

01:25:40.000 So the people knew what was going on.

01:25:42.000 They're not really communists. 0.98

01:25:43.000 They're criminals that tell the dumbed-down public, we're here to give you money and workers' paradise. 0.98

01:25:47.000 And the first thing they do is steal all the money and set up a police state. 0.89

01:25:51.000 But read for folks who are on the radio who can't see that on screen at PrisonPlanet.tv what it says.

01:25:57.000 So it's a picture, it's an editorial cartoon and it's got a guy, his name is, I can't even read it now, but he's, they're all in Harvard type graduate uniforms and they're running down on this cart and they're shoveling money out of it and then over here, this is I guess Karl Marx, is that who that is?

01:26:15.000 Yes, Karl Marx.

01:26:17.000 It says, uh, plan of action for U.S.

01:26:19.000 Spin, spin, spin under the guise of recovery, bust the government, blame the capitalists for the failure, junk the constitution, and declare a dictatorship.

01:26:29.000 And, um, it says, uh, young, it has a thing here, it says, young pinkies from Columbia and Harvard depleting the resources of the soundest government in the world.

01:26:38.000 And this is from, uh, 1933.

01:26:41.000 And there it is on, on there.

01:26:43.000 And I printed the article, it's here in my stack.

01:26:43.000 Absolutely.

01:26:46.000 What is it, 49%?

01:26:47.000 I'm going from memory, let me get it.

01:26:51.000 49% of Americans say they want socialism because they've been sold on, that means you get the rich people's money.

01:26:57.000 No, that means the rich people, the IRS, take you if you mow lawns for a living's money.

01:27:03.000 And that's what we just covered earlier with Professor Black.

01:27:06.000 And they give it to offshore banks.

01:27:08.000 And this is not socialism.

01:27:10.000 And socialism never exists. 0.66

01:27:13.000 Elites always, the big foundations, the big money, push it because they want to steal what you've got and feed it right into their gaping mouths.

01:27:23.000 Guys, pull up that InfoWars.com headline.

01:27:25.000 It's like history repeating itself.

01:27:28.000 Yeah, it's out of a major A major, major polling agency did it, and 49 percent, and I love the graphic Nemo put up for the story, it's a picture, I'm going to make a t-shirt out of this, it's a picture of a guy in blue, no in red, with a gun up to a guy in blue's head who's got the bag of money in his hand, and it says socialism, that's all it is, but that's my point on that.

01:27:55.000 Now, we've got a lot of exciting stuff happening.

01:27:57.000 Activists, if you want to be in the new Obama film, get the Obama Deception, it is the new film right now, but on July 4th, a new Obama film is coming out, and then I'm going to take a rest from that for a while, but it's so important to discredit him and show he's a fraud, we're doing that.

01:28:11.000 We're sending folks, and now they've asked me to speak, but I don't know if I'm going to go.

01:28:15.000 April 19th, up at Lexington in Massachusetts, where the Revolutionary War started in 1775, with the gun confiscation.

01:28:21.000 Today, they would just come take the guns and say, we're not taking your guns, but we're taking them.

01:28:26.000 And the Patriots founders would have said, oh, yes, you're taking my guns at gunpoint, but you're not taking my guns.

01:28:32.000 You know, but they weren't mind-controlled drinking fluoride then, so it wouldn't work.

01:28:35.000 So we're going to have cameras up there, you're going to that.

01:28:38.000 We can't be everywhere.

01:28:39.000 Shoot video of tea parties, because I want to show the solution, the activism, while we're at it, we'll probably do a little vignette exposing Beck as an operative.

01:28:48.000 But tell folks about some of the great ideas listeners have, and I'm going to the calls.

01:28:51.000 Yeah, we got an email from a group in Arizona State University.

01:28:56.000 Obama's speaking there on the 13th of May.

01:28:59.000 And they're going to pass out, and I saw they showed the boxes of the Obama deceptions they've been copying.

01:29:04.000 They're going to pass out 10,000 copies of the Obama deception.

01:29:08.000 At the commencement speech, which, that's a great idea.

01:29:10.000 Guys, and I think we're inviting, I invited the one guy who started this on the show.

01:29:15.000 Yeah, that will devastate them. 0.90

01:29:15.000 I sent him an email. 0.90

01:29:18.000 And again, you can do this cheaply now, because at prisonplanet.tv, you can download DivX copies that play on almost all the new DVD players, and put the film in pretty good quality.

01:29:27.000 It's not DVD quality, but it's close.

01:29:29.000 You can blow up on the screen, it looks, you know, it's nice.

01:29:31.000 It's not crystal clear like the, you know, high quality DVD folks can get, but point is, you can burn them to disk.

01:29:36.000 Those things cost like 20 cents a piece.

01:29:38.000 And put them in paper sleeves.

01:29:39.000 And so what's 10,000 times 20 cents?

01:29:43.000 Oh, that's $2,000?

01:29:45.000 Is that right?

01:29:48.000 Pretty good math.

01:29:50.000 Yeah, you're good.

01:29:51.000 And then more fluoride, and you stopped being able to do that.

01:29:54.000 Okay, I was wrong.

01:29:55.000 I knew I was going from memory.

01:29:56.000 Just 53% say capitalism is better than socialism, so 47% I just need to find the poll, because I'm reading it wrong.

01:30:05.000 The point is, only 53%, that's the headline, say capitalism better than socialism.

01:30:11.000 That's because they're being manipulated about what socialism really means.

01:30:14.000 That's probably the people that just have jobs. 0.94

01:30:17.000 Anyway, also the hostage dies as French attacks Somali pirates.

01:30:22.000 This isn't the same ship that we were talking about, but...

01:30:26.000 A French hostage and two pirates died Friday in a rescue operation off Somali's coastline, the French President's office in Paris said Friday.

01:30:34.000 Four hostages, including a child, were freed from the hijacked yacht after almost a week in captivity, Nicolas Sarkozy's office said.

01:30:42.000 So they decided to move in when pirates refused their offers and one hostage died and they killed two pirates.

01:30:49.000 So things are getting out of control.

01:30:51.000 Okay, thank you so much, Rob.

01:30:52.000 Do keep picking New World or Hiney there.

01:30:55.000 Okay, who's up next here, John?

01:30:56.000 Who should I go to next?

01:31:01.000 Daniel in Alabama, sir.

01:31:02.000 Welcome.

01:31:05.000 He's listening to his radio.

01:31:06.000 Yes, sir.

01:31:07.000 I'm here.

01:31:08.000 Hey, how you doing?

01:31:09.000 I'm doing all right, sir.

01:31:10.000 First, I want to say God bless you and thank you for all your hard work.

01:31:13.000 The one thing I wanted to touch on, you're talking about gun control, Holder and Pelosi and all of them.

01:31:19.000 They've got another ploy.

01:31:21.000 I don't know how it is in other parts of the country, but I know down here it's getting hard as toenails to get ammunition.

01:31:29.000 Oh, yeah.

01:31:30.000 Well, see, they put all these rules and harassment with regulators on the ammo companies and the military has been stockpiling and hoarding way over the amount they need.

01:31:39.000 That is confirmed.

01:31:40.000 And the military historically would always sell the brass.

01:31:45.000 I was reading a Liberty Hill blog and they were talking about how Congress had shut all that down.

01:31:50.000 millimeter to the major ammo companies they've now under order of obama refused to sell the millions and millions of rounds a month to uh... will be casings to complete the entire cartridge to in a liberty hill um...

01:32:08.000 blog and they were talking about how congress had shot all that down i don't believe that i'm going to tell you why appear at the local hallmark my daughter one day some target shooting issues out of shells for her twenty-two and And they had told us they were going to get in a big shipment.

01:32:22.000 And then three days before the shipment was supposed to come in, they tell us they cancelled it.

01:32:27.000 I mean, it's getting that bad, you can't even get shells for a 22 down here.

01:32:32.000 I know, and they've been denying, denying, denying.

01:32:35.000 They go, we don't want your guns, and I've seen the YouTube clip.

01:32:37.000 We're trying to find it earlier and couldn't.

01:32:39.000 Somebody emailed us.

01:32:41.000 This is what he says word for word.

01:32:42.000 He says, listen, we're not going to ban all your guns overnight.

01:32:46.000 We're going to do it in steps, and we have a right under the Second Amendment to restrict your gun ownership.

01:32:51.000 That's what it means.

01:32:53.000 I mean, I've got the video.

01:32:54.000 I've seen it of him saying that, but regardless, we have We have the state law he tried to pass in Illinois to ban all handguns.

01:33:04.000 And he supported the D.C.

01:33:06.000 gun ban for total ban of citizens.

01:33:08.000 And now they've introduced the bills.

01:33:09.000 And now Pelosi says they want national registration.

01:33:12.000 That means a fine and a fee every year to have your gun.

01:33:16.000 It's really a fine.

01:33:17.000 And that you've got to go through federal licensing and it turns a right into a privilege.

01:33:21.000 They are now pushing it!

01:33:24.000 Another point I wanted to make, because I don't want to hold you long.

01:33:27.000 I know there's got to be other callers because they need forever to get through.

01:33:30.000 But what I also wanted to say was that, you know, people don't believe that the U.N. is involved in all this.

01:33:36.000 I have it on good authority because I saw this with my own eyes.

01:33:39.000 Our own national and state parks have been deeded over to the U.N.

01:33:43.000 They don't even belong to us anymore.

01:33:44.000 Sir, that's Executive Order 12,986.

01:33:47.000 I made my first film in 97 about that.

01:33:50.000 America destroyed by design.

01:33:54.000 And the U.N.

01:33:55.000 came to the Kentucky legislature and told them under IMF World Bank rules that they basically were under their control.

01:34:00.000 And the legislature said no and kicked them out.

01:34:03.000 But now they admit, I'm sure it's been confirmed, China's demanded our lands and roads. 0.90

01:34:08.000 for collateral on the debt, and it just came in today, that was in my stack.

01:34:14.000 Congress did pass the bill to accompany Bush's executive order of last year to hand all the infrastructure, including the roads, over to the foreigners. 0.56

01:34:25.000 They do this in third world nations.

01:34:27.000 Here it is, Senate votes to end moratorium and sell off our highways to foreign toll operators.

01:34:32.000 Bill's now going to the House.

01:34:36.000 And this is out of the Texas Senate.

01:34:37.000 I got another one of the Feds.

01:34:39.000 Voted 29-2 in favor of reauthorizing private toll contracts that essentially sell our highways to the highest bidder.

01:34:46.000 So there you go.

01:34:47.000 I appreciate your call, sir.

01:34:48.000 Yeah, and again, it's all about lying with these criminals.

01:34:54.000 They came out two months ago and said, so people shut up at the legislative session they had, they said, look, Trans-Texas Corridor and NAFTA Highway is dead.

01:35:02.000 AP headline.

01:35:05.000 And then three paragraphs down.

01:35:06.000 In fact, pull that up.

01:35:07.000 Trans-Texas Corridor is dead.

01:35:11.000 Dozens of publications have similar headlines.

01:35:13.000 And then a couple paragraphs down, it says, but they're going to break the project up into subgroups and just give it new names.

01:35:21.000 The whole thing continues.

01:35:22.000 And then in Indiana, Texas, New Jersey, Florida, they'll take a roads that say is worth $30 billion over the next 50 years in the lease.

01:35:30.000 They'll say, $1 billion, you get it.

01:35:33.000 And then they run a scam where they then use taxpayer money to actually upkeep the roads, and the bankers give nothing.

01:35:41.000 Yeah, look at this.

01:35:42.000 Trans-Texas Corridor is dead.

01:35:43.000 Dallas Morning News.

01:35:45.000 Click on it.

01:35:45.000 Put it up on screen for me.

01:35:46.000 I can read it from here.

01:35:50.000 Dallas Morning News is loading right now on screen, and when it loads, I will, uh, there it is, loading up for everyone.

01:35:58.000 Hey Alex, how you doing?

01:35:58.000 was a Coles ad.

01:36:00.000 But anyway, let's go back to your calls.

01:36:02.000 Oh, boy.

01:36:03.000 I've got to do nothing but take calls this Sunday or something.

01:36:06.000 I'm out of control.

01:36:07.000 Bill in Connecticut.

01:36:08.000 Bill, you're on the air.

01:36:09.000 Go ahead.

01:36:10.000 Hey, Alex.

01:36:11.000 How you doing?

01:36:11.000 Good, sir.

01:36:12.000 And how does it feel to be Sarah Connor?

01:36:14.000 What do you mean Sarah Connor?

01:36:17.000 From the Terminator.

01:36:20.000 You're out there trying to fight the whole thing, and it's great.

01:36:22.000 I love it.

01:36:23.000 I love listening to everything you've got going on here.

01:36:25.000 Yeah, except I can't have a baby that will do it in the future.

01:36:28.000 It's all of us out there, Sarah Connor, but we're not waiting for the Terminators to land.

01:36:33.000 They're here.

01:36:33.000 I got you on that.

01:36:35.000 Hey, listen, several things.

01:36:38.000 I was trying to reach you the other day.

01:36:39.000 I hope you guys got it.

01:36:42.000 When they were talking about the whole thing with the electric grid.

01:36:48.000 That cyber thing?

01:36:51.000 Yes, where they said they've got to control the web and be able to shut it off.

01:36:56.000 That's the legislation, but I tried to email you the link because I couldn't believe this.

01:37:02.000 You were on there and I was trying to call in.

01:37:04.000 I'm a stockbroker of 22 years.

01:37:09.000 I've been working on Wall Street for 22 years.

01:37:11.000 At any rate, on CNBC at 12.04pm, They turn around and all of a sudden there's a flash.

01:37:19.000 Cyber spies are in the works from either China or Russia to shut down the electric grid.

01:37:27.000 You know, this is all in line with Rockefeller's legislation.

01:37:31.000 No, I did see it, and they're saying that China and Russia are doing it through the internet, and so he says we must get rid of the internet.

01:37:38.000 That's a quote from Jay Rockefeller because of this.

01:37:42.000 And again, right as this bill is introduced, right as they're taking the web over, Mother Jones admits it, so they can kill it in their own words for our safety, the Chinese and Russians attack. 0.98

01:37:55.000 I mean, it makes me sick because I've never believed any of this stuff to tell you the truth.

01:38:01.000 I mean, this last July, a year ago July, I went down to Washington, D.C.

01:38:05.000 and saw Ron Paul.

01:38:06.000 I went down and did the march down there.

01:38:08.000 And, you know, none of that got on the air.

01:38:10.000 But that was pretty interesting.

01:38:12.000 But one of the things I thought was amazing was back in, you know, September 11th when that took place.

01:38:20.000 I worked at 1 Penn Plaza.

01:38:21.000 I was up on the 41st floor.

01:38:22.000 I watched the whole thing from my office.

01:38:24.000 I couldn't believe what I saw.

01:38:26.000 And, you know, it was like, for me, I was sitting there going, you know, I can't believe this.

01:38:29.000 I mean, I'm walking out of the office at 11 o'clock.

01:38:31.000 I was the last one to leave the building.

01:38:33.000 Pushed the elevator button, and I gotta tell you, this thought popped into my head.

01:38:36.000 And the thought was basically, here, you know, Israel's got the United States in its back pocket now. 0.71

01:38:42.000 And that was back then.

01:38:44.000 You know?

01:38:46.000 So I was just tripped out.

01:38:49.000 I mean, this whole thing going forward.

01:38:51.000 And one of the other things I wanted to mention was that, you know, this whole thing with the CDOs and the collapse of the financial system that we've been witnessing here.

01:39:00.000 I mean, you know, 22 years ago, Michael Milliken created, you know, junk bonds.

01:39:08.000 And the junk bonds that he created 22 years ago literally You know, wiped out the savings and loans, the thrift, the insurance companies, etc., etc., all the way up and took the market down from 87 to 91.

01:39:23.000 This stuff that's going on today, it's the same thing.

01:39:26.000 It's no different.

01:39:28.000 Absolutely, and by engaging in the financial terrorism, saying we were going to have a depression, that destroyed confidence and then hit all the legitimate real stocks, so they can depress it and suck it up, and they write white papers about how they do this.

01:39:44.000 What's happening here now, Alex, is that, if you go back to Michael Milken, okay, to me, that was like a test balloon.

01:39:52.000 You know, it was like, here, let's see if this works.

01:39:54.000 You know, let's throw this out there, let's see if this works.

01:39:57.000 And they thought that it did work, and now it's like, you know, 22 years later, they turn around and say, okay, here, we're going to come up with these CDOs, CDSs, etc., etc., etc.

01:40:05.000 We're going to sell them all around the world, and basically what that is, is I don't know if you're familiar with the collateralized mortgage obligation, but the bottom line is that what these guys would do is they take a loan, and then they break it up into various different pieces, or what's known as tranches.

01:40:20.000 And they claim it has value, and they claim it's certified, and sell it as an asset when it's a debt.

01:40:26.000 Imagine this.

01:40:27.000 What they did, they went another step further.

01:40:29.000 Now they turn around and they do fractional banking on all these assets.

01:40:34.000 Oh yeah, I know.

01:40:35.000 They sell them, repackage them, sell them, repackage them, sell them, repackage them, sell them, repackage them, over and over and over again.

01:40:41.000 So you're not talking about, you know, a $1 trillion problem, a $12 trillion problem.

01:40:48.000 Some of the numbers I've seen are like a quadrillion and a half dollars.

01:40:53.000 No, that's what the experts we've talked to have said, because they would leverage banks and insurance companies and everybody engaging in fractional reserve banking, and create new banks with seed money from that, and then they would leverage, leverage, leverage, leverage, leverage seven times, and then leverage, leverage, leverage, and create another bank, and then leverage, leverage, leverage, leverage, and then they buy up the planet and then say, you're our slaves now!

01:41:14.000 SWAT teams!

01:41:15.000 They're our slaves! 0.92

01:41:15.000 And the cops go, that's right! 0.92

01:41:17.000 Bankers say they have the money.

01:41:19.000 Good to hear from you, sir.

01:41:20.000 Really appreciate it, Bill.

01:41:22.000 Let's talk to Matt in Texas.

01:41:23.000 Matt, you're on the air.

01:41:24.000 Welcome.

01:41:27.000 Who again?

01:41:28.000 Yes, Matt.

01:41:29.000 Welcome to the show.

01:41:30.000 All right.

01:41:30.000 Okay.

01:41:32.000 I had a question.

01:41:35.000 You know, the tea parties and everything.

01:41:39.000 Well, I've gotten into that a little.

01:41:42.000 We call ours Americans for Integrity and Government.

01:41:47.000 Oh, that sounds evil.

01:41:49.000 That sounds evil?

01:41:50.000 I'm being sarcastic.

01:41:51.000 Oh, yeah.

01:41:51.000 Freedom.

01:41:52.000 Integrity.

01:41:53.000 Oh, my God.

01:41:55.000 The government doesn't like that.

01:41:56.000 But, you know, we are so far behind in education, I think, in what we know.

01:42:03.000 As far as, you know, Republican, Democrat, we're pitted against each other and I just I'm kind of, I'd like to be able to offer a way to be educated and take action at the same time.

01:42:27.000 That's what we want to do.

01:42:29.000 And these people, I would say most of them are Republicans, but we're trying not to be a Republican.

01:42:43.000 I agree, that's healthy.

01:42:44.000 Well, I mean, you know, it was mostly Democrats against Bush and now it's mostly Republicans against Obama.

01:42:48.000 It's the partisanship in its very nature.

01:42:51.000 But we've got to, that's what the Obama deception does, is it shows you they're all paid for.

01:42:55.000 We've got to arrest the bankers.

01:42:57.000 That's the key.

01:42:58.000 You want a solution?

01:42:59.000 Arrest the crooks.

01:43:01.000 With our economy spiraling out of control, living in the soup kitchens may be right around the corner. 0.96

01:43:07.000 No one saw the financial collapse of 1929.

01:43:10.000 Many didn't make it, and millions ended up in soup lines, becoming vagrants, begging for food.

01:43:16.000 Unlike 1929, we can see this collapse coming.

01:43:20.000 We have been warned.

01:43:21.000 And right now, we have a very small window of opportunity to get food storage into our homes before it's too late.

01:43:28.000 Why is the Canadian government telling their citizens to stock up?

01:43:31.000 Why?

01:43:32.000 And why are soldiers calling home telling their families to get food storage?

01:43:37.000 Having food storage today may be just as important to your family's survival as boarding the Ark was in the days of Noah.

01:43:44.000 Order right now and receive free shipping on all one-year supplies.

01:43:48.000 Go to YourFoodStorage.com.

01:43:50.000 That's YourFoodStorage.com.

01:43:53.000 Or call 877-482-FOOD.

01:43:56.000 That's 877-482-FOOD today!

01:44:00.000 In the New World Order's war against humanity, Barack Obama is the tip of the spear.

01:44:07.000 We've got to give them a stake in creating the kind of world order that I think all of us would like to see.

01:44:13.000 The Obama deception completely destroys the myth that Obama is working for the best interest of the American people.

01:44:19.000 Well, Obama's already fudging.

01:44:21.000 He's fudged since day one of this election.

01:44:24.000 If you have a demagogue with a fanatical mass movement of personality cultists who is imposing the program of a group of extreme bankers and finance oligarchs, that's fascist.

01:44:37.000 It's not about left or right.

01:44:39.000 It's about a one world government.

01:44:41.000 This film documents who Obama works for, the lies he is told, and his real agenda.

01:44:48.000 Get your copy of The Obama Deception today at InfoWars.com or download it in super high quality at PrisonPlanet.tv.

01:44:56.000 The Obama Deception.

01:44:57.000 The people strike back.

01:45:00.000 You worry.

01:45:01.000 You see the signs and worry about the future.

01:45:03.000 You worry about economic turmoil and food shortages.

01:45:06.000 How to be prepared while preserving your sanity?

01:45:08.000 Your answer may be at hand.

01:45:10.000 Author Linda Runyon lived off the land, isolated from civilization.

01:45:13.000 She knows that as long as the sun shines, there will be plenty of free food all over God's green earth.

01:45:19.000 Perhaps the only sane insurance is knowledge of wild edible plants.

01:45:23.000 The cost of learning is minimal.

01:45:24.000 Wild food grows everywhere and you will see it everywhere.

01:45:27.000 It's every bit organic and more nutritious than our modern diets.

01:45:31.000 Well respected in her field, Linda's approach to teaching this subject includes books, flashcards, and video with an emphasis on health, safety, practicality, and joy.

01:45:39.000 Learn how to identify it, where and when to find it, how to prepare, use, and store it.

01:45:44.000 Go to Linda's website, ofthefield.com, and take advantage of special offers.

01:45:48.000 Or if you're not online, call her 24-hour, toll-free order line at 888-51-EAT-FREE.

01:45:52.000 That number again, 888-51-EAT-FREE.

01:45:53.000 that number again 888 51 eat free a little knowledge makes starvation impossible i'm very thankful to all the listeners tuning in and hearing all the guests the information also putting up with me he will oh man has invented his You know, I'm normally been a lot calmer the last few months on air.

01:46:25.000 But I'm kind of a loser in ways.

01:46:26.000 I go back and forth smoking cigarettes, not smoking cigarettes. 0.71

01:46:30.000 And the problem is, every time I quit smoking cigarettes and start really exercising a lot, I get crazed.

01:46:35.000 Even more than normal.

01:46:36.000 So I've been like that lately.

01:46:38.000 I'm gonna go jogging right now when I get off air to hopefully settle down.

01:46:42.000 So that's one reason I've been a little bit more obnoxious lately this week.

01:46:45.000 But I know it's made for interesting radio listening.

01:46:47.000 But, you know, this stuff is so real, folks.

01:46:50.000 It's hard to get your mind around.

01:46:51.000 It's hard to deal with.

01:46:52.000 I'm going to take a few final calls.

01:46:54.000 I'm tempted to go into overdrive, just so we can take all the calls that are here.

01:46:58.000 But I'm not going to do it.

01:46:58.000 We'll be back this Sunday, 4 to 6 p.m., and of course back on Monday.

01:47:01.000 And remember, this show grows because you spread the word about it.

01:47:04.000 And as we reach more people...

01:47:06.000 As we educate more people, we have a better chance of bringing these criminals to justice.

01:47:11.000 Again, it's very bold and criminal what the globalists are doing.

01:47:14.000 And if we can just get the folks to realize they have power and that they have a chance to affect things, and that their interest is to stand up and say no, and get past the left-right distraction, we can fix this.

01:47:25.000 One of the sponsors I wanted to tell you about was Pepperspray.com.

01:47:30.000 Just great prices, huge selection, been around since 94 on the web.

01:47:36.000 Pepperspray.com.

01:47:37.000 That's one word.

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01:47:38.000 or 800-908-9988, 800-908-9988.

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01:47:51.000 Don't forget acolablue.com, the best atmospheric water generator out there, bar none.

01:47:56.000 Sends it through seven filters after it grabs the water out of the air, seven and a half gallons a day.

01:47:59.000 E-C-O-L-O blue.com, E-C-O-L-O blue.com or 800-691-6043, 800-691-6043, E-C-O-L-O blue.com, ladies and gentlemen.

01:48:12.000 Just fabulous system.

01:48:14.000 Check out the banners at InfoWars.com.

01:48:16.000 I'll take one more call.

01:48:17.000 Should we go into overdrive?

01:48:19.000 But then I gotta have them call the other numbers.

01:48:20.000 We're in the other studio.

01:48:22.000 And then, as we decouple from the mothership in Minneapolis-St.

01:48:26.000 Paul, and we're just out of our little operation.

01:48:29.000 But I wanna get to all these people.

01:48:32.000 Uh, who's up next?

01:48:33.000 Who was up next, John?

01:48:36.000 Josh in North Carolina.

01:48:37.000 Go ahead, sir.

01:48:39.000 Hey, Alex.

01:48:40.000 Good to be speaking with you again.

01:48:42.000 So, I have several things that are actually of very high importance on the list that I want to bring up.

01:48:49.000 I think I'm going to start off with the first being the NIAC document, which has been posted to the Prison Planet Forum by one of the moderators known as Anti-Illuminati.

01:48:58.000 Now, being that... Well, I mean, we have the MIAC report, and we... Not MIAC, not in M, N. The National The N.A.S.

01:49:09.000 Information Architecture Committee.

01:49:11.000 Oh, okay.

01:49:12.000 No.

01:49:12.000 Okay.

01:49:13.000 This report is the exact detailed report of how they integrated the DOD's systems directly with the FAA.

01:49:28.000 Okay?

01:49:29.000 So that it went from being a one-way communication terminal in which they could only pull data to being able to push data.

01:49:36.000 The culmination of this project And the sheer importance of this was demonstrated in Loose Change 2nd Edition when NASA flies that jet by remote control over ILS, and after landing it and taking it off, Um, is able to then use this system to completely get rid of all of the security and safety mechanisms in place in ILS to crash the planes.

01:50:02.000 Well, let me stop you.

01:50:03.000 Yes, I was aware.

01:50:04.000 Remember when Bush was in a press conference in New York?

01:50:08.000 And he says, hey, don't worry, no more hijackers.

01:50:09.000 We got a remote control system that'll be able to, we'll be able to stop the planes.

01:50:13.000 And he literally, the guy by him grabs his arm and he's like, stop it, puppet.

01:50:18.000 And Bush is like, oh, excuse me, I'm a yes master.

01:50:21.000 Somebody's got to find that footage.

01:50:22.000 I was taping it.

01:50:23.000 I've got it around here.

01:50:24.000 It happened like the day after 9-11.

01:50:25.000 Look, we're out of time, ladies and gentlemen.

01:50:27.000 Retransmission, the latest on the pirates and the confrontation with the Navy going on.

01:50:32.000 We had a top expert, Mr. Black, on the economy and, of course, Bob Chapman.

01:50:38.000 Retransmission now, Infowars.com.

01:50:40.000 Thank you for listening to GCN.

01:50:46.000 Visit GCNlive.com today. .

01:50:50.000 Hello, friends.

01:50:51.000 This is Alex Jones.

01:50:52.000 I've told you for a long time it's important to be self-sufficient, and today that's more important than ever.

01:50:57.000 We need to be independent, and food and water is the key.

01:51:00.000 You'll never have to stand in a bread line if you have your own bread.

01:51:03.000 You'll never have to go to the Superdome and beg for FEMA to take care of your family in any emergency if you simply prepare.

01:51:09.000 No one is going to take care of your family in the final equation but you.

01:51:12.000 You know eFoodsDirect.com is still able to ship storable food that's safe from E. coli, salmonella, genetic alteration, or Chinese imports. 1.00

01:51:19.000 And they do it at almost half the cost of last year's grocery prices.

01:51:22.000 Call 1-800-409-5633 or on the web go to eFoodsDirect.com.

01:51:27.000 Visit efoodsdirect.com and look over the fine list of high-quality, pre-scribed, and dehydrated foods they have to offer.

01:51:34.000 Watch the free videos, look at their online catalog, or give them a call at 1-800-409-5633.

01:51:38.000 Again, 800-409-5633 or on the web at efoodsdirect.com.

01:51:39.000 Take action today.

Alex Jones Show - April 10, 2009

20090410_Fri_Alex

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