he. says. it's now a seven thirty pm here in moscow you with odds he will run the other top stories now one of the world's most wanted a war criminals rothko in milan it's has just been arrested in serbia a fugitive bosnian serb general was first accused of genocide by the hague tribunal over fifteen years ago. russia and the us agree upon the need for a missing child a defense system that meets both country's security demands president dmitri medvedev who held talks with barack obama at the g eight summit in france today said it could happen by twenty three. and russia calls for an international

investigation into georgia's crackdown on protesters who are demanding president saakashvili is resignation doesn't fall hospitalized after police used tear gas and rubber bullets to disperse the crowds just ahead of an independence day military parade. i told my colleague bill dawdle be here half an hour's time but thanks to all of these financial guru max digs deep at the big money scandals thanks for watching. for the full story we've got it from. the biggest issues get a human voice face to face with the news makers on our team. we'll be. bringing you the latest in science and technology from the realm for.

the future of coverage. i am nice guys or this is because there are reports the global insurrection against the banker occupation is growing in the last of the. being made and people you know in america. things are so well people like yet why because the price of gas has a critical price level yet i've been talking about for a couple years once it goes to a certain critical price all else. go and then they'll join with the other countries in the global insurrection again thanks to occupation let's talk of stacy her for stacy go back to the beginning of the year we did say one of the primary

weapons the banks his use against us is inflation and we do see that in our headlines today max american anger at gas prices fueled by rising household energy costs so americans are now spending twelve percent of their disposable income on energy costs up from seven point seven percent in two thousand and two a new study by clear energy partners says there were two thousand and two of course was before the invasion of iraq when we went in there to security poil reason well better work out did it that's right not only did they lie blood for oil but they screwed up they they went in there flawed for oil and then they screwed up well exactly because and also the population of america he supported the invasion of course they screwed up by not looking at history and one thing you find in history is that all wars cause inflation so you might be able to secure the oil reserves by

the inflationary cost of military adventure is as going to drive the price of that up anyway so i remember i remember now going back to the two thousand and one two thousand and two bird remember those chalabi. he said is pitch to the pentagon and to the american white house administration was that bill imposed the billion dollars it cost a billion dollars you go in there you take over iraq and then you prayerful in the first year with the oil revenues a good deal for you right now it's worth three trillion dollars and they don't even get the oil so this guy chalabi he's right up there with some charles ponzi if you look at the dictionary charles policy if you put a picture of chalabi and also remember you interviewed gregory mcdonald the energy analyst recently and one of the things you brought up is that at the tipping point will come when a certain wrong certain class of americans start spending more and more up to

thirty forty fifty percent of their income on energy costs and we're starting to see that in the numbers this study shows that in mississippi residents are paying up to five seventeen percent of their disposable household incomes for energy that includes household heating and costs and gasoline but gasoline makes up the most percentage of it that's right that's what makes the third world the third world you put fifty sixty seventy percent of your income on buying you know getting acquiring slewed energy cooking oil and of course the first world or the first world because those people who want to spend more than ten or fifteen percent of their income on stuff to keep him alive but now it's changing and the people who are in the first world are really now in the second world of the first world is occupied by the devils five thousand crowd they're the new first world in that they never come down from the mountaintop retreats then the u.s. is now in the second world and the third world they're still the third world so

we're not just seeing the inflationary war against americans we're also seeing it in the primary area where we go to find those oil reserves mideast staggered by cost of wheat so weak prices jumped so we could go by seventeen percent. well weather in the u.s. and dryness in western europe are driving the recent rice wheat futures jumped seven percent on one day and last week the biggest single day dollar again in more than seven months and are now up for ninety one percent on the year so this is important because that region which we now see the uprising is happening and it was many said caused by inflation and in particular in wheat prices so tunisians for example eat more we than anyone else on the planet they eat on average four hundred seventy eight pounds per person a year compared to americans that hundred seventy seven pounds who's on a downer and i love it too good couscous. and beat it but here's the thing about it

you see these oil rich nations around the world back on the bed with american central planners back and i think seventy one to create a petrol dollar standard when the u.s. when all the gold standard paper the vietnam war everything was rosy for a while i mean they had oppressive regimes and dictators with you know the price of gas and food with commensurate with their status as third world losers but now due to the ricochet effect of the monetization of everything that we used to be called debt and now we've got a surfeit of cash creating huge inflation folks are getting screwed in the middle east too so it didn't work did the whole experiment with the petro dollars it was a big crashing failure and now you're living with the about the people of course they are having the problem of the inflation but for the rulers you see

their problem is that the people are looking to change the rulers they're looking for regime change so the rulers thought they were so smart in getting in bed with american foreign policies and monetary policies but now the rulers are being taken out one by one they're being taken. in the middle east north africa spain ireland. you know greece regime change is the only answer because you're not going to teach these dance a new church going to suddenly become like all the regime leaders in these countries they're all chinooks but if these prices are any indication we could end up more like france and the middle east we could see rains of terror because other able to grow enough we at home countries like egypt and tunisia by half or more of what they need from other countries and pass it along a deep discounts to their impoverished populations as an economist of the world bank said this system is not very sustainable because at these prices buying

foreign wheat would consume about six to seven percent of egypt's revenues and then the article and all street journal. by comparison the u.s. spends a similar proportion of its revenues on the wars in afghanistan and iraq last year so again it goes back to the insanity of the guys who run all of the financial system whether in tunisia or america or britain america can afford a week in the donor anymore it has become the hole in the don't it. sure and domage trust fund to look at both of their hands because you know he'll do it. if you keep your trousers are there buddy i don't want to go what he does the tone of perp ok so these two stories then collide in my next headline max libya britain's one billion pound war libya conflict lo and behold could cost u.k. taxpayers one billion pounds over six months as cut off aid clings on and the cost

of involvement so or this is doesn't make any. cling on talk talk to the people about this talk to the people doesn't make any sense well as the article notes demonstrations in support of are still common and dissident groups are unwilling to engage his loyalist army so it appears that oen like to needs and and egypt where they were able to overthrow their decades long dictators in those countries in a matter of weeks. it appears that there's a little bit more support for gadhafi in libya but i want to note as well that this just seems like a pure racket because this the u.k. is more such a testing ground for this the chalabi method of selling the public on some private service whether it's running the immigration and border checks or all these n.h.s. fandango that keep on happening the boondoggles with computerized systems.

of. these invasions throughout the middle east are very much. contractors private contractors these mercenary contractors they make a lot of money on these and they sell these and they pitch these to the government to get involved it will only cost one hundred million pounds is what britain thought it would cost it's now up to a billion and who knows what will finally end but again it's causing more inflation for the average present in america or britain or tunisia or egypt peace there's no money of peace there's no money in peace you can make money and of peace business you can make money peacefully overturning your regime goes the money and that this is the catholic church figure this out that's why they don't follow jesus jesus was about peace they said there's nobody in peace we're going to start the crusades and get this max the name of this this boondoggle that the private contractors have sold to british taxpayers operation unified protector souls of operation

unified protector so your brand of condemnation well that's what it sounds like yes it does but it's also what the british people need is a prophylactic against excessive military spending that's of the greatest people need the american people to prophylactic against excessive military spending the need to take the entire pentagon and slip it into a giant condom prophylactically insulate the american people from being impregnated by this ridiculously onerous. a lot of planning which is causing inflation and causing the prize all to go up down get it down it's going up not down to understand that it's going up. as. well max yeah speaking of prophylactics china is now topping gold bug there is no better unified protector of course then gold and china's investment

demand for gold more than doubled in this first quarter of two thousand and eleven compared to two thousand and ten to ninety point nine metric tons they now outpace india which is historically the biggest investor in gold in the world and i'm golden uro's thank you know i've heard these all over the world as they've been telling you it's not just the chinese on the russians it's the western ers to this it's easy boat max global gold investment demand increased by fifty two percent to three hundred sixty six point four tons in the first quarter helping offset a fifty six tonne outflow from exchange traded funds which are popular investment tools in the west so we talk about this all the time when you're protecting yourself from inflation and that insane of bankers that run the entire world every single nation on earth and every single banking system on earth right go to a paper investment which they also control no you cash in on your e.t.f.

and buy physical gold well that's what it looks like is now happening there with an outflow from the paper and an inflow into solid gold gold real. and yet despite this the mainstream media the b.b.c. the telegraph you've seen articles saying the gold bubble has popped because people like george soros are selling their paper gold well the pm money prophylactic has popped causing all kinds of debt impregnation while gold stands rock hard maybe all right stacy eric thanks so much going on as a report thank you max togo i wasn't going away so stay right there.

welcome back to the the report's time now to go to london and speak with ned nader a little an. asset management ned all boy welcome back to the kaiser report good afternoon max let's talk about silver first second here you wrote a very interesting piece about silver price. action in the seventy's were made a thousand percent move and why this is in fact indicative that we are nowhere near a bubble please start talk about this i just thought that it was something worthwhile to put out there for the for the for the nervous investor which is that you know we really needed to clear the air to washington to move metal from from week to stronger in order to go significantly higher than we already were and there

were lots of things that were going on in the background there's no question that the efforts the you've made to drag all sorts of new people into the market as well but i think what i was trying to express was that last time around this happened the same exact same thing happened yet or twenty eight twenty percent. move lower over a period of about two to three months which is quite normal any kind of market that goes into a seriously parabolic spike we're almost always have that moment where some of the weaker hands get shaken out and i thought she also the good now let's talk about what your thoughts are on the commodity mercantile exchange the raising margin requirements four times a week. is it the normal. gracious to do so is it a sound policy or is it not very is is it an attack on so variety weigh in on this it sounds like fingernails on the blackboard to me. would be the way that i would describe it you know it's just desperation i think it's just a sign of where we are in the. people i mean i know i have been investing the whole

way through the cycle so these guys are drops don't mean much but yeah i've got kind of behavior that kind of incredible hiking so you would suggest that something is substantially an ace in the background all right now that i'm looking at all these protests around the world in madrid in italy in. ireland in greece all over europe all over the mideast all over north africa we're talking about now tens of millions of people and it's growing quite simply display i would imagine this number will be in the hundreds of millions not in the not too distant future based on your understanding of the size of the silver market and if my if in fact one hundred million or two hundred million or three hundred million people who are dissatisfied with the banking occupation that's destroying their lives and creating hyperinflation if each one of these folks bought an ounce of silver. what would

what would that do another on a grassroots level putting aside the hedge funds first putting aside all the financial engineering putting aside all of the algorithmic trading at all the fancy high top line garbage that's destroying the integrity these markets on the grassroots level you get one hundred million folks buying an ounce of silver or more what happens to the price of silver i love this question and i'm very pleased to be able to offer my view on it i know it's now going to one hundred million which is clearly that is a big number one hundred million by now see. i think you can safely say there's going to be a very very very significant effect on the i think actually that biggest effect of all marks is the one just to be really lost in thought back into what i was saying earlier so i just think it's like a mushroom being. movement whereby it's moved the psychological effect on all the people of you put necessarily rather than the immediate price of a purely one hundred million on one day taking it out c h is going to have

a substantial effect on the price but i think it's more psychological point than a than an immediate pricing one because you know there is no doubt that there is still. a lot more thousand dollar silver circulating in the world than there are. so that you know you could make the argument that well there's an issue here with with blanks with making one ounce coins and i think there's some there's some truth in that but it's not simply netted off by this incredible growth we want it and not it's not just that it off it's it's removed completely from the table as a problem so i think one hundred million people wideouts throughout cities or ten. well. we would be in a whole different place very quickly i asked the same question of eric sprott on the show with the example of a million ounces and his response was well you know i'm an arm and institutional primarily institutional. money manager and you know we don't you know we don't

really think that a million ounces if you know it wasn't it wasn't going to register as a seismic event based on the numbers that he is used to so i kidding another bite at the apple here i'm looking going to trying to get from my experts like eric sprott or yourself what is the sweet spot in this curve if you know a million of corn eric sprott is not the number one hundred million according to what i just heard you say is yes you have a very very very big events you know in the market at some point so what you know is that we know what the aboveground supply of silver is you know the demand is you know the mining output is we know what the training volume is we don't all these things so what is the sweet spot what is the number that it would take to drive one dollar up in the price of silver is it a million is it two million is two point five billion that number can be extrapolated from the information that we have what is that number i'm not sure it

can be extrapolated to be because there's too much data we don't have that so i'm not sure i agree with that actually but what i would say is ratcheting maybe that's the point is the thousand hours balls actually i think perhaps you know yes without question the core and most important point is people of the grassroots level taking some small denomination coins out of circulation i think actually the shorts are somewhat relying on this imagery of thousands causing the warehouses and i don't just mean by the way i mean you know in metals warehouses i think if if hedge funds and investors realize the difference more clearly between physical and paper silver they'd be much more willing to pay the insurance and stories charges for thousands of dollars i think of a lot of those got locked away i cannot i don't think a number on it but i think that would have a very very quick. effect on the market it would cause all sorts of.

things that happened like for instance the good indeed assault in charge a whole load more for storing still for moving still because of the much more activity in the warehouse talking about the one thousand pounds bars and the warehouse we know that the comix warehouse stocks thousands bars is the limiting now what i'm birds are seeing there and how much how much of a problem is that at what point does comics announce that due to a drop in inventory they're going to have to do make some other provisions but it looks like they were very put that to me is to me is what i look like marks i mean absolutely where we got to so you know the congress is a very small part of the overall gold and silver market it takes an inordinate amount of interest because of the visibility of it perversely it is actually the visibility of measures and allows us to grab on to is being you know incredibly important but i think it's is just as important you know you or your private billion storage business is like farm out in switzerland you know this is where it

was hedge funds etc that's where they store metal and i actually think that is probably the really really key point but yeah i referenced primates no question it's getting tighter and tighter and. more and more people are watching what's going on there but with the benefit of a backbone through to the c.m.e. it may not be about to happen you know in the next month ok so just to just give you the numbers here according to zero heads comics is now down to thirty two million ounces down from eighty seven million in two thousand and nine so there's a large drawdown but i want to i want to just wrap it up here and focus in a little bit on this we're talking about the thousand pounds of bar market and it sounds to me as though you're describing really two markets thousand ounce bar industrial it's just two tional market versus the one ounce retail coin market let's call it and that according to you these are on two top. hello lines that

don't necessarily intersect but it seems that at some point if enough of the one ounce half ounce ten pounds silver bullion coins are taken off the market in the and we already have bottlenecks and shortages in coin dealers around the world at some point again this grassroots effort has got to bleed over into this is the to still thousand ounce market because unlike paper money there's a limited supply of silver and we know that it's extraordinarily limited supply of solar i mean we're talking about a billion ounces available half of that's tied up in e.t.s. now some of said well if the price goes i doubt you'll see so we're flying out of the kitchen cupboard and that's going to bring in another huge. supply will be materializing as we saw in the in the seventy's in the early one nine hundred eighty s. as well but even taking into consideration that number you're talking about a total market that's less than the certainly

a less than one hundred billion in total every and that includes every silver button that's been attached to every sequin of every gallon every bob mackie gallon ever paraded at radio city music hall it's still quite a bit less in size than the seven hundred trillion dollar derivatives market which is own winding at this moment and people involved in that market are looking for sound money so even if it. go ahead i think they're just against it sort of try and not with a thousand bar point just thinking about this critically. ordering metal from. i'm not going to mention the name of the mining company because i shouldn't do that but from one of mine comes the kind of water still the three that featured production i'm not sure actually would not think about it whether it would make quite a significant difference if one wanted to do some kind of mentoring program to meet a certain number of coins if one was in the market to do that that's. removing

thousand dollars from the warehouse. which could be done i mean it would require a little bit of work in the background i don't think is a reason why that couldn't be possible that in a way we kill two guns once things are putting more metal out there and one out for you also removing the big balls from the from the warehouse and maybe there's something you can beat on that. ok now this is what i like about you out of the box thinking now replying again because i want the listeners of the viewers to understand what you're saying here ron ron not one of the guys again where you said that and i like what you're saying is that two parallel lines between between the market and closing them is an issue and maybe that's the point maybe we need to try and make them converge by by you know supporting the private minting initiatives the likes of which you've been involved with and actually rather than

securing the the rule silver from annoying and making sure that the only time one coin in. any someone means coins is by taking delivery of the thousand us dollars from the warehouse which will put pressure on them while also getting millions people sometimes i think that could. buy could so quite quite. as i think we need to look into that in a few weeks as you myself going to be something that's worth investigating all right that i think that's a very interesting and. up until now no one's really made that connection so ned once again proven why everybody in london is talking about data leyland and the fact that he is a stark raving genius over their shipyard asset management and they're also talking about some of the ties that you wear because they like the fact that even though underneath that sure is a stark raving genius he still managed to wear the conservative ties i know to say anything back. i thank you for the compliment anyway all right well that's going to

do it for this edition the cause a reporter with me max kaiser and stacy herbert are a thing my guest ned miller leland of asset management and if you want to send me an e-mail please do so at the record at r t t v dot ru until next time this is max guys are standing by all to. afghanistan. weapons of mass destruction. terrorism. drills protests. drug trafficking.