this geographical apartheid here in in britain you know if you're from the north or if you're from london there's housing apart tate's there's all kinds of polarization and am. and that's apartheid combined with debt is is really making it really hard for people to organize so we know there's always been class struggle but what people don't understand is that there's also a new way to enforce this class struggle using interest rates which they don't appreciate they think it's a good idea that i can borrow money at five thousand percent a year they don't see how that plays into their overall being subjected to the pressures of an organized criminal syndicate of bankers and politicians speaking of criminals george osborne has helped to buy scheme is this some called it's a politically ingenious way to buy the next election but economically it's sucks right now absolutely i could have to help buy votes came in here well said thank you for being on the kaiser report thank you and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert like to thank our

cameras for citizens something like we are more in london than anywhere else in the world yet for every time there's at least one or two cameras and it's growing exponentially so they give that up in exchange for lower rates and a housing bubble that's always always without fail crashes well one of the biggest the biggest most economic crashes the crash of two thousand and eight was driven by a real estate bubble its real estate bubbles create more problems and they cure the other problem we have is planning restrictions nobody can build anything in this country. i mean they can't it's not that simple but it's just so onerous to to try and get planning permission despite the fact the most land isn't built on it again it means that everyone's trying to buy this tiny pool of land you know there's a tiny pool of houses and everyone's trying to buy those houses rather than you know the market being freed up the actually what we need is a land tax. you know land tax that doesn't sound very tory friendly. well i don't know we need a land tax that. passes to people who are not using it to peop

than the unionized labor should have access to the fed just as easily as wall street or the city of london why don't they why can't they organize a two trillion dollar loan a dear zero percent interest to pay themselves double or triple or quadruple the only thing that would happen is that the economy as we know it would be less reliant on speculation and. more reliant on manufacturing you'd see more businesses started up you'd see more manufacturing in the u.k. the bigger export markets and now you mentioned zero percent interest rates reserve policy and that is feeding the tapeworm over here on the other side the real economy is being starved the savers and the workers and we have zero in their headline nick clegg business department will investigate zero hours contracts deputy prime minister resists concerns about contracts used by buckingham palace sports direct intake galleries so ninety percent of sports direct workers here in the u.k. and three hundred fifty summer employees at buckingham palace are in zero hours contracts this is they aren't guaranteed any labor but they actually c

phrase of interest rate apartheid and other words if you are a friend of the insiders in the city of london you can borrow money at half a percent or one percent if you're just a working stiff here in the u.k. you end up on a credit card which is double digit interest rates or you go to a payday loan words up to. as you just said five thousand percent annualized interest rates so it's discrimination through interest rates that discrimination is illegal in this country you can't discriminate based on sex you can't discriminate based on color why is it possible therefore to discriminate based on interest rates how they get away with that is that a human rights issue is does that as a read of as a british citizen make you a bit sick and. it certainly comes back to our earlier which is about fairness and it doesn't just happen in banking the money you know if you want to pay gas electricity me to pay more for your gas electricity and some going to direct debit and those who poor tend to pay more for their services and as we know those were more money seem to spend less and less and less so. i w