if you could be pm in moscow these are your r t had lives anti-corporate protesters who've been evicted from new york city how do you part claim tear gas and pepper spray were used to take them out there saturday occupy activism would heighten action this coming thursday marking two months since the movement started tents were dismantled earlier at a similar site in oakland california. during talks with russian diplomats syrian opposition leaders say they're against military intervention in their country and are ready for talks with the assad regime but only those only with those whose hands they say are not bloodied by murder

a visit to moscow comes amid piling pressure on the regime ended mass his suspension from the arab league. and elected bankers and economists take the reins in greece and italy to tire their ever rising debt levels the italian premier designate doesn't see his job as a quick fix saying he hopes to stay until the charge until the twenty thirteen election law greece's new leader says he's focusing on securing the next round of bailout money. coming up on our t.v. max and stacy shed light on the corporate world over to risk showing up on their balance sheets as a report next. this is a cause report the fraud get more brazen the amounts being stolen get bigger regulators are now just walking away total financial chaos involves the globe so

using yes max is the tale of the good the bad and the string string. i want to cut to this little clip here that was made by our g b anarchy and to set the scene for you max jamie diamond is gathering up the silver to cover all his naked shorts and . if. you look it wouldn't. be like that. no joke it's a real. you know. yes

max it's sheriff string string kaiser. well you know there's another success in the whole good the bad and the string string market and that's congratulations occupy wall street you're officially making companies scared the c.m.e. group in their take you filing noted these risks. in connection with the continued economic uncertainties groups such as occupy wall street and anonymous have targeted the financial services industry as part of their protest against a perceived lax regulation of the financial sector and economic inequality yes exactly this is fantastic this is because the occupy wall street movement on anonymous needs to get that word risk and risk adjusted in a risk factor in as many financial documents as possible the c.m.e.

chicago they're not regulating anybody that they're supposed to be regulating that's incredible rest of the overall economy and of course i saw the headline of business insider and i think that there the reason they put that up there was to suggest that oh wall street now you've gone and done it you've actually caused the poor c m e group to have to suffer some kind of disclosure that they are in fact tourists oh oh well we're going to go over to headlines now max push will show that in fact they are ok because they mention that it's perceived lax regulation that these protesters perceive them as having lax regulation well let's look at the reality and after missing funds maybe massive ploy c.f.d. sees kill ten so the five hundred ninety three million dollars shortfall in client money at m.f. global holdings the broker that filed for bankruptcy on october thirty first appears to result from a massive hide and seek ploy says bart chilton a commissioner at the u.s.

commodity futures trading commission well i've covered this on this show before i called peek a boo accounting this is the same thing a lehman brothers and it's used all over wall street all over the world when the regulators come in to record your end of the quarter liabilities you simply move it off your balance sheet for a few days with the complicity of another corrupt hedge fund or broker or banker and then the regulators move on to the next company and move it back on to your balance sheet as a reciprocal arrangement with the other corrupt bankrupt. broker a corporation all corporations do this general electric does as i.b.m. does as warren buffett does as all the firms on wall street to their own accounting fraud people counting and the m.f. global was caught right as they were in the process of committing accounting fraud and suddenly that all ravelled the little string was told went bankrupt but you could exact same thing that almost every single company in america of all basically based on accounting fraud it pulled the string of it all going to zero and why this relates to c.m.e. group of course is that they're supposed to be where they were supposed to have regulated and ask lowball but obviously they didn't and bart chilton goes on to say

this isn't just a lost and found inquiry it's a full on effort to get to the bottom of what appears to be a massive hide and seek ploy as a distinct possibility some would say probability that somebody has done something with the money and that it's not going to be all of a sudden discovered and an innocent explanation well of course that money was just play in this massive shell game that is because of two thousand and eight crisis as to cause of the global financial crisis remember goldman sachs got greece to play shell game with their debt and now they've lost their sovereignty now you've got loss of sovereignty with italy coming up as other countries were going to try and steal their gold so this whole ponzi scheme and people counting is is endemic throughout the entire system and of course without any growth anywhere in the world to offset these massive debts this is only going to get worse now c.m.e. group blaine's occupy wall street and anonymous but i think you can blame it on the

late and see and blatancy of corruption here because look at this m.f. global customers can't get cash or answers now this is from bloomberg and they're looking at the top one percent the clients of m.f. global and therefore the c.m.e. group they talk to a forty eight year old new yorker ted moment sure who has had twenty seven thousand two hundred fifty two dollars. frozen is m.f. global accounts and he says now that he's thinking about closing his three other brokerage accounts because he said quote i'm a high net worth person and i don't want to see a million dollars get smoked by another misunderstanding this is the thing about the high end the top one percent and now they're getting their accounts of glitter raided by the same terrorists because there's nothing there's no barrier between venom and the money that they're supposed to be the custodian of they're just completely stealing out of people's accounts now now this guy ted malone sure that

i talked to he said he thought the securities investor protection corporation he thought it covered any losses due to a meltdown such as that m.f. global he's now been told sipek may not cover the money because it wasn't the futures that counts and faces months of uncertainty as he files the clean seeking recoveries but over the past ten fifteen years all these groups like said baker as c c or f d c are all of been undermined by new regulations or supersede them that make them socially ineffective and have no regulatory authority whatsoever and people are now finding this out they thought their accounts were insured against the broker stealing the money but now they find out at m.f. global that no the brokers can steal your money and you have very little recourse and the broker by the way when using their money to make these incredible bets i mean coristine basically leverage the firm's capital by fifty to one or so pay themselves hundred million dollars or so then extracted that out of the company and

of course the ponzi scheme called collapsed he stole the guys with the thieves of course he used to be running goldman sachs and we want to like the confessional school thieving now sipek i want to go over this for the audience here is a private government sponsored company that is yours brokerage accounts for up to five hundred thousand dollars in securities with one hundred thousand dollars for cash in case. a brokerage firm goes bust while sipek covers losses in stocks and bonds however it doesn't cover commodity futures contracts unless defined a specific property under certain conditions under certain conditions i mean the the difference between stocks bonds and commodities and futures contracts is now virtually impossible to distinguish because they've all blended into hybrid securities and hybrid trading going on dark exchanges so now sit back and say well we technically don't cover that because by definition the securities that we do

cover don't fulfill are our particular definition and your recourse by the way when every time you sign up a new account at any of these brokerage firms i know when i was working on wall street the second you sign off and become a client of a brokerage firm it binds you to arbitration by a panel of brokers if you have a complaint the track record for the industry is less than two percent of people who are under my stall and see anything back montor is one of the many customers who can't access cash and the segregated accounts they want thought were safe for the bank deposits and just as accessible so this insurance product sipek this private government sponsored insurance they thought made them safe just like all of these investors while it goes back to junk or sign and vesting in global in in bonds for european sovereign debt when everybody there thinks they have credit default swaps this is another insurance product that people think protects them from that it goes back to merrill lynch because during the late seventy's early

eighty's they created this. merrill lynch combined account of a money market and the whole creation of the money market account was a way for brokers like merrill lynch to compete with banks and then they got the government to create those clauses i go over mansoul not terribly regulated seal of approval that said these money market accounts are insured quote unquote and merrill. another wire house for as big wall street firms siphoned billions from the banks because hot brokers would call people up and say oh your money's meeting at the bank you've got to be in the stock come over to merrill lynch so now we're finding out that all of the support mechanisms are supposedly keep this cash safe as safe as a in the bank or a sack faulty that in fact you don't have access to these funds that the grocers have a license to steal and this guy's never going to get his money back and he should be unemployed soon he's one of the one percent now we have to move from talking about the one percent to talking about the one percent of the one percent because

everyone else in the categories are going to go bankrupt well i'm going to talk about the one percent of the one percent because in fact they are protected either when the whole system is fraud when they exist in a system of fraud and they themselves perpetrate the for fraud they ultimately end up becoming victims of the fraud themselves because they they talk about all their clients of m.f. global and therefore the c.m.e. group and they also been frozen out including the nine x. nine x. brokers here so they speak to a new york mercantile exchange trader david rose and he said quote we didn't think we were just customers we're the ones in the pits providing liquidity so everyone around the world can trade these products so there you go max they stood aside these nymex traders they throw things at you know occupy wall street protesters and they get a job and they don't do anything when those guys had their pension funds all their job and you don't know it's money stolen and went so when they come for their money

when they come from the top one percent of the one percent who is around to save them m.f. global is like the mafia guy who turned state's evidence on the kingpin of the mafia because you can freeze out the nymex from the underlying criminal racket that's going on because the and i'm ex is one of the primary planks that keeps the syndicate up and running this criminal organised. nation going so it's like you know you if you turn in and you tattletale on the dawn of the mafia you know you're going to ruin the whole moneymaking enterprise of the mafia so you can open imax leave it out and hanging if you shows you how bad the situation is that m.f. global would in effect put a knife in the back of its very own criminal syndicate operator nine max max if all of these traders if you even the nine x. can't trust the system here you know they can't trust the town cory's minds of the world to not steal from them you know they count on a system which you only steal from the pension funds and the passive trader is not

stealing from the active traders and that's where they're going after the active funds now it appears yes this is a very important story because it marks a new chapter in this crisis in my opinion member the first it was a liquidity crisis then it became a solvent see crisis and now it's becoming a systemic crisis the underlying fabric of the global markets the thing that keeps them running is now crumbling before our very eyes and this is a new chapter in this whole four year collapse that was completely ovoid of all had somebody in any government any of the g. twenty simply stood up and said we are going to apply the existing regulatory laws to keep these guys in line aristide's never thank so much for being on the kaiser report thank you max go a much more coming away so stay right there. well

. it's technology innovation to tell the developments from around russia we've done for the future coverage. welcome back to the kaiser report imax guys are time now to go to sunny los angeles and speak with michael loney of gold silver that come and protect in survive dot com or i'll be speaking next week and london mike love of the cars report how you're on there max fantastic michael only across europe member nations are being

urns to use their gold reserves to collateralize euro bonds what are your thoughts on what role gold will play in the final resolution of our global debt crisis see all that gold was originally owned by the people that was the people's goal this central banks got it all and now it's got it going to get transferred out of the central banks to somewhere go through some back to currencies why is it now being used in repayment of debt i think it's the worst thing that could possibly happen i think that you know every thirty to forty years the world has a new monetary system and before world war one. for most countries they had a certain amount of gold at the treasury and that you should quit an equivalent amount of notes in circulation a certain amount of units of currency to match the number of units of gold and. then world war i happened it countries in europe all stopped reason we definitely rights you could no longer turn in your currency and request gold and then they

split up the credit presses so between the war we had something called the gold exchange standard where between the two wars were one world war two the goal the strange standard in the united states for instance. with the federal reserve act specify. the currency only had to be back forty percent michel so in other words they could put fifty dollars in circulation for every twenty dollar gold piece in the box and those fifty dollars all promised to pay go so we were putting more receipts for gold or clean checks for gold in circulation then goals their currency was the paper that circulated the money the real stuff was in the hall stuff of intrinsic value that fell apart during the great depression because it was a very costly designed system it was a manmade system it fell apart and they came up with a bretton woods system from one hundred forty four to seventy one and there there was no reserve requirement you could print as many dollars as the u.s.

wanted to grant and only have a certain amount all all the other countries on the planet would back their currencies with u.s. dollars and the u.s. dollar was backed by gold at thirty five dollars an ounce and then next and stops the convert ability into gold in one nine hundred seventy one in the world has been on a dollar assists standard since then so we've gone from on baby steps from gold to personal go back into less fall back into no little back in where where currencies are all back to iou spawn's well every thirty to forty years this falls apart now we've got to go back to something from nothing if the central banks are going to use their goals to back debt what are they going to have left when the world monetary system sees this next shift i think the countries that do that are going to being broke in the countries that still have some gold are going to end up being very rich right now china's you know they're massively importing galled and it

seems to be a bit of a wealth transfer going on from the last to the east and here you concur with that what are your thoughts absolutely this is part of something called the five hundred year east west cycle. every five hundred years roughly prosperity and technological advancements shift from the east so the. best price first though out of people don't believe in the five hundred year cycle some do i just say that people can feel it happening today wealth is being transferred best direction you know regards to gold you know for years western central banks were suppressing the price of gold by selling it into the market now we've got you know past couple of years central banks are a net buyers of gold this is a huge game changer i wrote an article one time ago when one country wakes that is happening right now countries are you know they're in a showdown and countries are starting to blink. venezuela asking for their goal we when the rest happens i mean i think we're going to go going like this and this

mess and then suddenly bam you know there could be gap up days where you see the price of gold go up thirty percent or you can double you know you wake up in the morning prices double what it was last night those are lazy and further into a ball market you have different dimensions of that market occur and that kind of volatility i think is to be expected now speaking of wealth transfer us a sense of clamber twenty ninth in the u.s. six hundred fifty thousand customers have transferred four point five billion dollars out of big banks into credit unions and community banks how much more impact on the fraudulent banking system would this protest have made each of these six hundred fifty thousand customers had bought just one ounce of silver well you know this over market i'm not sure the size of it right now are used to be this over market was one three hundred the size of the gold market a lot more understanding is that there's a bug around some oversupply is roughly worth about

a billion dollars so here you have a six hundred fifty thousand people if they each bought one ounce at this type of a level they would have caught probably triple the price of silver that you'd have two hundred dollars over a hundred fifty dollars silver or something like that so what would that have made a huge impact on the psychology of this market. yes it would i have been saying since two thousand two hundred dollars silver is an absolute no brainer and i'll tell you it went slower was four dollars and thirty cents an ounce for fifty five bucks an ounce people thought i was a lunatic and our bit is already get forty eight bucks an ounce and then back they're gone well maybe not now he's not a lunatic now it only takes tripling of sober well so it was fifty dollars back in one nine hundred eighty made or whatever thing on this planet is selling at a discount to its nine hundred eighty price max computers but of course that's another story if it's good you got it they're good donek adjustments that keeping

of the central processing unit of a computer is considered to be the flesh mary and in the mix of that the government reports therefore the price of food and energy the fact that they're going up don't don't pay any attention to that but speaking of fraud what are your thoughts on a c m e group an am after global story does this story have any significance for someone who maybe invested in gold and silver via the paper market m.f. global carts was caught stealing customer money is all going to have an impact but i consider all of the things that are currently going on short term noise in the big picture the big scheme of things. you know for your currency has ever survived in one nine hundred seventy when we began a grand experiment where all the world's currencies became fear all at once this is proven thousands and thousands of times that this does not work there is no example of any figure currency before nine hundred seventy one surviving they all

eventually fail so my real target for gold eventually is infinity dollars of the type of dollar that exists now under x. the currency dollar now will go to infinity dollars per ounce of person x. my target basically is. go all should be higher in price then points on the dow it should take fifty anstice or west probably this time around for gold to buy a single family median priced home in the united states so current one fiftieth of a single family median priced home or one share of the doubt that's my price for gore. all of the things they're all going to have an impact but it's just one of the little jags on the way to infinity ok so let's talk about that gold hour a shelf our second because that's not as says directly interesting there are two times in the past where the dow jones and gold have reached one for one parity and

one nine hundred eighty of course the dow jones was at eight hundred the price of gold was at eight hundred and i think go back into the one nine hundred thirty s. or the price of gold as something the best of gold was twenty dollars and sixty seven cents an hour on a day where the dow was at forty eight point two two points forty forty the dow jones is at forty boy that was a good day to be along the dow but it was so you're the one to one parity using this rule of thumb you're saying gold with the dow jones at approximately eleven to twelve thousand announced let's say the dow jones come saying and we had a one for one parity anywhere between five thousand and ten thousand on the dow kind of is that what you're saying yes we're going to big piece lation maybe gold pieces three thousand dollars an ounce but the dow will be fifteen hundred i believe you're going to see why they were gold will be double the points of the dow because simply because if you look at the dow go ratio it goes into a bow and then it over shoes to the ups to the extreme it goes into

a bigger bubble overshoots to further to the other side and then we went into the biggest bubble in history recently and it's reverting now it's down to about seven ounces or threw it down or in other words gold prices one seventh of the dow but. we're coming off of the point where paper assets were more overvalued in the year two thousand and any time in all of history p.v. ratios were insane new dividend yields were not existence. and we reverted back it was forty five ounces of gold by one sure and our support price was one forty fifth the points on the dow it's currently one seventh so gold is catching up but we've been it so far out of whack that it's going to overshoot further to the opposite extreme i think you're going to see in goal at double the points on the dow up one day i think a target of equal is the very same target that's that's normal that if we go into

a deep place. you can see gold at three thousand and the dow at three thousand or even fifteen hundred if it goes to double or it's the dow if we're going to hyperinflation maybe gold would be thirty trillion dollars and now it's the power of fifteen trillion points and still it's going to go a little by the same amount of shares of the dow or we got lots of whether it's be fallacious airier inflationary gold purchasing power should rise seven to fourteen times compared this cox in the year two thousand gold was the most unloved and ignored then it had ever been through our history for the first time in one hundred seventy one from then on it was no nation's money from nineteen eighty it went into a brutal bear market from one thousand nine hundred eighty fifty to the year two thousand when it was only two hundred fifty dollars and you know this is up at eight hundred roughly so it's just barely over double from its nineteen eighty high

and they've created about ten times more dollars i mean how many things are just go in society what they were in one thousand eight hundred everything is up far far higher than that while certain layout you know the and his team fell into thirty telling us sounds like. really absurd numbers but remember back to the lie more german days in the one nine hundred twenty s. the price mark went from a one to one ratio to the us dollar to five trillion to one to the u.s. dollar so getting into those trillion numbers historically you do see that from time to time loney rather time thanks so much for being on the kaiser report thank you so much max all right now is going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i want to thank my guest michael loney he's on twitter mike underscore maloney you can follow me on twitter and please follow me on twitter i'm trying to get a stay ahead of stacey herbert on twitter and you can send me an e-mail right here at kaiser report at r t t v are you until next time this is nice guys are saying.

all.