shelf offerings so yeah i see it is a profoundly bullish confluence of events at the moment and i have high hopes for this year all right now no well known derivatives expert janet have a call the recently suggested both in writing and in a televised interview that there was clear manipulation and gold and silver this manipulation she said was most evident during the options expiration months so this is that now becoming mainstream that gold and silver are openly manipulated something we've talked about before do you think there's a growing awareness that out at these prices are fake number one and what about this idea that manipulation clusters around the option expert a month i think it is becoming more accepted people when i when i discuss it people don't. look at me as a crazy person that they made seven or eight years ago i think there's still a degree of apathy if i'm honest about about the subject but reference what janet

because you were saying about option a story i think there's some truth in that but i think that the mitigation godzilla's said blindingly obvious next to the trip over and you had on the floor if you want able to see what was going on it's very very clear and bear in mind that you know that that lawsuit that we discussed last time i came on is something that people should revisit and reread if they have any any sort of query about what may may or may not be going on the consolidated class action lawsuit about what j.p. morgan been accused of and i think becomes very clear that silver still is a much smaller market than gold and as a result you know that both are being manipulated but the footprint of the manipulative behavior is much more obvious in silver yes i think there's some truth about the auction experience and sun in the past that was an area where you would see set off insulting spar he said the contract didn't expire in the money but of course you know that's been blown out the water i just think that the evidence overall is overwhelming and i would say to you that. you know what we've got is the

london go pool that was around the nine hundred sixty different was them they were selling real physical in some pocket you know it still exists it's just a sort of tissues a version of the same thing that existed all along which is a managed retreat of physical metal against paper currencies and i think really you know it's it's now accepted by an increasing amount souls knowledgeable commentate this is going on i don't think it's hit the public yet because they you know the public is still learning about the true nature of money and what it used to be and what it will be again ok talking about the turn a pair of money ben bernanke in his recent statement is talking about interest rates remaining at effectively zero through twenty fourteen and beyond so here you have a situation that you have a piece of paper that pays no interest that is subject to counterparty risk that is confiscated openly by banks like m.f. global that the rest the world hates and is doing bilateral deals outside of the

this piece of paper the us dollar and i'm talking about of course what's going on with china and russia brazil or you've got gold going on or what do you what do you go for well i mean you know gold is reverting to its traditional role as the world's reserve currency max it's very obvious in my mind i mean you think about the last hundred years they've been to global reserve currencies gold followed by the dollar and we're going back into gold again you know that's the way i see it and and i think that probably the most telling thing of all is the eurozone by the germans are hand over fist in the physical market buying huge tonnage and i think it's extremely interesting that you've got the two worlds two creditor nations you know china with the u.s. and germany with the euro's and if you want to put it like that and they're out there and they're buying serious amounts and i think that you know this is a major change and i see this needing to. you know one of the better phrased. fever

in two thousand and twelve i think this is emerging now i think the f. own theme comment and the way the market has reacted to those comments most most importantly because they're being all the comment the last twelve months or so the market has chosen to ignore all but i think this is all leading to. you know the reversion to the mean or whatever other way you want to put it which is gold is money gold is the world's reserve currency it always was and it's reverting to that status right now you mentioned germany and their gold possession they've got roughly three thousand tons is the second biggest gold position in the world second to the u.s. however sixty percent of that only on a sell at the new york fed and this has been confirmed at the bundesbank so in a currency war as some call it it might be difficult to get back gold back and certainly countries like venezuela are aggressively repatriating their gold and countries are talking about getting their gold back into their own countries is there are risks that the u.s.

or some of our good declares financial martial law keeps germany and other european goal in new york won't let it go and and part of this emerging currency war your thoughts well if the crissy remains in power. the way it is at the moment then who knows i suppose the possibility they could try that. the german buying are you ready the retail side the german people who are sort of going of the top of their government in the way they govern the behaving in a buying physical inside themselves over a role the big if the most important thing thoughts from whether or not. the new york fed gold is either there it's hypothecated four hundred times over you know whether the germans will get it back or not i think that these things live in the world of political management as opposed to what's more important which is i've said ever since i first came on and spoke you which is that while masses is the people that the people go out there and effectively get ahead of the curve and stop

by physical themselves and i think they can dictate the political route here and i don't think that that necessarily will be the case of course the americans have lots of military hardware to back up a potential confiscation of other nations gold but i see that as a fairly extreme potential possibility or outcome all right let's do a little of forecasting last year you were talking about a two thousand dollars gold price and a lot of banks to our raising there their targets for gold and they're now ready to get to that seventeen hundred twenty one hundred dollars per ounce level what are your thoughts for twenty two are thirteen do you still say two thousand in the cartoon or anywhere or do we go from there well i think it's just a linear progression would take you to two thousand i think that's a particularly big deal but the point you make about the banks is is in my opinion extremely important i think this makes a huge difference something which always throughout through this bull market when i've been investing it's been

a source of enormous frustration to me when analysts come in and they say in front of you and they say yeah we like this stock is our top five. meanwhile we think gold going down one hundred dollars over the next twelve months well of course no institutional money is going to go into the market when that happens so i think the fact that the banks are projecting higher gold prices not just five percent higher but substantially higher can lead to a major sea change in the way the market moves because ultimately the institutional generalist once the asset allocation i'm moving the money around you know they may well like the idea of a particular go buying stock and they may see the fact they're not paying dividends and think that's interesting but if they're also being told told by the same manner . i think the price is going low you're very unlikely to see any money come come in and i think that's an enormous reason why the mining so performed so badly for a long time but i think personally the fact that the banks making the big projections you know the higher prices whether or not you or i you know want to pick a particular line the signs as to where we're going you know going higher but i think

what's more important is what the banks are saying and what that means potentially for twenty twelve ok last question in terms of these banks allocating money to to gold and silver as part of their asset allocation at the at the moment last and two percent of the global investable assets are in precious metals which is a very small fraction versus outside and i think seven days during the last major bull market when that number got up to ten percent and beyond are those numbers correct and you see that that those numbers expanding to that seven days level of ten percent or above which of course would mean hundreds of billions of dollars now looking at this market move us you know i don't think they are correct i think you know whether you want to bring in this chat a banking system the riveted system whatever whatever you want to relate it to the type of gold investing that was going on back then is very different to the type of pressure that was the best thing you know and include silver in that as well that

goes on now to be the leverage is much lower and i'm pretty sure that number that you said of two percent would include. all different forms of gold and silver instruments so no i think it's lower than that and i think it has the scope to go much higher picking a number i wouldn't do that and bear in mind that we are a situation now where paper currencies across across the planet are racing shell the low and so i think what we're seeing is a paradigm shift rather than just an asset allocation shuffle from one to ten we think a whole paradigm shift about what money is the way the world's moving it's such a big change that i think the picking a number in that said any away like that is is you know i wouldn't i wouldn't wish to do that all right fair enough and then a limited run of time thank so much for being on the kaiser report a pleasure as always right now going to do it for this edition of the kaiser report with me max kaiser and stacy herbert are they my guest ned made a leyland of seventy asset management if you want to send me an e-mail please do so

at kaiser report at r t t v dot ru until next time mac eyes are saying bio.

here he is still reeling from escalating outbreaks of violence as its plight spreads to new york where un security council members seem unlikely to reach consensus on the youngest. fall coupon i.d.c. protesters dig their heels in as they wait for you police crackdown after the deadline to leave their camps said by city authorities passes. and the london security goes large for the upcoming summer olympics with tens of thousands of troops and high tech spy drones all that it fears the spirit of the games will be damaged by a show of force. what

are you going to live from moscow joshua welcome the dust has not yet settled over the suburbs of damascus which in recent days has seen some of the fiercest fighting since the syrian unrest began well the crisis gaining momentum moscow has offered a platform for dialogue between the regime and the opposition who are currently rejecting talks with president assad and as our ports this decision may have been dictated by outside players determined to throw fuel on the fire. with the sounds of gunfire and. yes face tests from the streets and the increasingly loud and numerous international opinions britain needs to lead the way in making sure we tighten the sanctions the travel bans the asset freezes on.

the syrian case has developed as every side wants to push away the responsibility to another tossing the ball back and forth. in the last few days the situation has become so unstable that finding people willing to talk quite know his present difficulties. we've had tanks entering in firing and just we've had six people who've died we travelled to the suburbs where some of the clashes have breaking out to try to get a clearer picture of what had been happening here in the last few days in one of the damascus at the moment now we were travelling. we thought. that we just received a phone call telling us that it's not safe to travel. with the situation so you. know you really. don't know what's going on in these areas even the people who are living in these areas don't really have full grasp of the situation at the moment we make it into the suburbs using back the opposition that just last week had

control of some of these areas have now gone underground so there was a funeral for a resident of died in the fire during his funeral people and his relatives were voicing slogans and called for freedom so someone was shot during the funeral and we had to go and hide from the security forces. were taken to the. begins and some other members joined as well and people they know just been arrested changes. the atmosphere starts to feel hostile so with such uncertainty right now it seems mistrust is rife. it seems not have convinced the free syrian army that coming closer to the capital would be simpler now this is harmful to the cause of bringing peace to syria. everyone it seems is no waiting to see what if any outcome will be the un's briefings by the arab league's with having

ground to a halt. the whole reconciliation talks it's not want to be simply dismissed as many have already done they have do political aims they have two political reasons for. for for feeding the complicated in syria i think they don't want that they're not interested in due form and nor are they interested in democracy or freedom was the government accepted the invitation received mixed reactions from the opposition they size of being taken in the past in calling for a syrian solution to a syrian problem that it's repeatedly failed to communicate the opportunities that dialogue are running out fast. and with such desperate pleas from many people here the opposing sides continue to make it clear they don't want to listen the cools the international action that's just going to keep getting louder surface

r.t. this. the idea of the syrian opposition dancing to the foreign drums is shared by john r. bradley author of the book after the arab spring he says nato members are committed to toppling the regime to make iran their next target. they're under huge pressure from outside powers who want these talks to fail even before they begin most obviously nato nature is determined to bring the us agree to something as a prelude to invading iran saudi arabia at least financially and politically back to back the. opposition and has been widely reported to be funding arming the jihadi rebels who are leading this insurrection and we can be absolutely sure that this is nothing to do with human rights when it comes to the west and even more sure when it comes to the concern of saudi arabia this is how preposterous the western media coverage is of this uprising rusher of course has

that experience to draw iran and once bitten twice shy they know that if they support a u.n. resolution that even ostensibly is aimed only at protecting civilians it will be used by nato as an excuse to impose a no fly zone while the qatari isn't saudis fund jihad is on the ground and so russia is essentially crucial in all of this. the battle over syria shifts to the u.n. security council in new york as its members are set to negotiate a new resolution on syria backing the arab league peace plan i just mean important i has a preview. the united nations security council will hear a report from the arab league today detailing findings from its recent monitoring mission in syria this of course coming as an arab european drafted resolution on syria is already circulating among council members the draft calls in part

for syrian president bashar al assad to transfer powers his powers to his deputy this draft resolution also says the security council could quote adopt further measures if syria does not comply with the terms of the resolution in the meantime russia has said it cannot accept the draft resolution in its current form because it simply ignores moscow's position in addition russian officials say they would like time to study the arab league's report in detail and not act so swiftly or too swiftly now on monday the russian foreign ministry did invite members from the syrian national council as well as the syrian government to come to moscow to participate in negotiations and to get a dialogue started our viewers may remember that it was back in october when russia

and china did veto a previous u.n. resolution on syria citing that the language that was used in that draft that was of course also written up by by european countries open the door for foreign intervention possibly foreign intervention similar to what the world saw transpire in libya. reporting there and still to come on the program a bittersweet victory for the euro twenty five nations agreed to a new treaty making it a sanctionable crime to abuse deficit while the czech republic joined the u.k. in rejecting the much hyped proposal. and the philippines finds itself in the middle of a power struggle between two global giants turning the battle of wills to its advantage. and to corporate protesters from the occupy wall street movement in washington are gearing up for tough police action they have passed a deadline set up by local authorities to remove camping equipment from the city

squares but wall discovered the activists are remaining loyal to the cause. so we are here ad macpherson square where protesters have been occupying the park since october they were out the demonstration about one hundred tents have been pitched here the national park service has repeatedly slapped these notices on tents here at macpherson square informing protestors that they can no longer camped out here that means they have to get rid of sleeping bags and any other material which allows them to live here protesters are responding by painting that symbol on the notice which demonstrates the fact that they do not agree with this mandate intends can stay but their doors must remain open proving no one is living in it the notice warns protesters that violate the rule are subject to arrest and it's basically a symbol of opposition. to you know what everything that this movement is opposing

right now and so i think the tents are really important part of occupy but police presence was sparse with no reported arrests they stand mostly on the sidelines refusing to answer questions from the media no reason why but occupiers made their message loud and clear they are not giving up the fight here as you can see protesters have erected a massive shadow over the statue here at macpherson park it's all in demonstrations of the anticipated even action by park oh yes this is our tents of dreams we want to be able to sleep here so we can dream of a better world where everyone has access to health care education housing and where the rich from corporations and banks no longer have control over political system the federal government and the political leaders and wall street were all tone deaf they could not hear this so the occupy movement has offered them

a hearing aid and they're getting our message loud and clear now the purpose of this was to unite us in this space so if they want to arrest one of us the after arrest all of us or none of us and washington. liz wall. the mayor of oakland california has called on the nationwide occupy movement to disown the local protestors after the weekend's demonstrations there they were met by a strong police reaction was tear gas flash grenades and hundreds of arrests activists rubber ball from the occupy d.c. action team things the protesters fell victim to military stick police force i think you have to recognize the specifics of the oakland police department they're known as one of the most violent repressive in the country and it's exposed how militarists militarized american police have become in recent years so you know it's shocking it's horrifying to see what's coming out of oakland but it's hardly surprising knowing what we know and it's worth remembering that the oakland police

may be under federal control soon because there have been so many civil rights abuses there if you look at the videos you don't see protesters attacking people you see protesters taking together in ways that try to shield each other from the police and i think it's important to recognize the distinction that there i haven't seen anything that looked like violence on behalf of the protesters coming out of oakland i've just seen people being proactive in recognizing that they're going to be facing what's effectively an armed force. as a corporate movement elsewhere in the world they're also facing tough action and not only from the police among them elite runs his cars through a group of demonstrators as the police stand by and watch by the full story from our london correspondent and our t.v. dot com.

america's decision to station its forces in the philippines as part of its new asia strategy is now threatening repercussions the state owned china daily called on beijing to enact economic sanctions against manila after a divided in u.s. troops and reaction to an escalating territorial dispute dr popkin on one of the city university of hong kong told r.t. that the philippines is cashing in on regional instability at the international level the philippines know that the u.s. is stepping this three returned to asia refocusing its military and security in the middle east asia pacific targeting china iran the primaries security concerns so the philippines is reeling to learn with stones to. die for their car not particular security concern the u.s. is having in the asia pacific region i have always been the case there's tremendous pressure from the public opinion within china. urging the chinese government to

topple for the top position of the philippines however i think the chinese government should be a bit more careful about these internal demand so i think the philippines is all doing that to try to get the best interest from from this china and u.s. relations. don't hesitate to log onto our website r t dot com it's the best place to look for the latest updates comments and videos here's some of was there for you right now. so called healing pyramids attract russians hoping to improve their health but skeptics dismiss the structures as fraudulent false idols designed only to help people to part with their money. and the pentagon's money management proves to be far prohibition as one hundred million dollars one stored in saddam hussein's palace disappears into thin air.

the latest effort to save the euro underway in brussels is off to a characteristic start with the leaders of france and britain arguing over which of them has more industry exchange came as the too often a longer hands looked to downplay disagreements and of mutual distrust instead of however was an isolated poland set to join the euro zone demand a greater say in decision making the spanish in turn argued against excessive astaire and while everyone pressed the greeks to complete death talks with its creditors and there was one result however with twenty five of the twenty seven e.u. nations agreeing to a german fiscal rule that would limit deficits and a new bailout fund martin callanan an m.p. from the taken service party believes greece is sliding into default while for britain staying out of the euro zone was a victory. i think it will be felt you know effectively. the

last that's being imposed. told us at the moment but he could argue that that's effectively a default anyway what is clear to me is the current debt by the greece is sustainable but you know. i've got a member of the country that is part of the euro zone so euros on the ballot up to where i was bob see where we can give our opinions but you know we did not join the euro in the first place we are against the euro be created. we've pointed out to many pitfalls that there would be along the way it looks like finding out the hard way that you know you can compress seventeen countries economic policies into one currency is owed while still operating seventy different economic policies. i watch the full version of that interview in about fifteen minutes time here on our team and as the e.u. works to finally rein and it's less than fiscally responsible members the kaiser

report looks at what god them into this whole mess in the first place stacy and their take on the strange and wonderful world of finance coming your way at eleven thirty am g.m.t. . the debt or a zombie debtor is a noun and indebted consumer who is only able to pay the debt interest each month so here you have the two pillars of society zombie debtors who never see. and clown bankers who never have to pay dead zombies and clones yet wherever there is a zombie debt or you can be sure there's a zombie creditor and as zombie central banker feeding them all. britain is preparing for the greatest show on earth and taking the possibility of a terrorist attack.