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. 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 now that these prices are fake number one and what about this idea that the manipulation clusters around the option expert in months 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 may have done 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 he was saying about option expiry i think there's some truth in that but i think that the mitigation of gold so was so 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 very mind 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 it's 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 settled into options barry 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 gold pull that was around in the one nine hundred sixty s. different was them they were selling real physical in the market you know it still exists it's just a sort of tisha 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 nature 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 u.s. 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 currency 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 probably the most telling thing of all is the euro zone 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 zone 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 eff own theme

comments 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 position 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 that's 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 a risk that the us 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. the retail side of the german people you know 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 i thought it's for him 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

on 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 conversation about the 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 our raising their their targets for gold and they're now ready to get to that seventeen or twenty one hundred dollars per ounce level what are your thoughts for twenty two hours for a thirteen do you still say two thousand in the carton 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 of sport 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 are making the big projections you know the higher prices whether or not you or i you know want to pick a particular line the sand is the way we're going you know going higher but i think

what's more important is what the banks the 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 those markets move us you know i don't think they are correct i think you know whether you want to bring in this just 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 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 the 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're seeing a whole paradigm shift about what money is the way the world's moving is such a big change that i think the picking a number in that said any away like that is you know i wouldn't i wouldn't wish to do that all right fair enough and then and a limited run of time thanks 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 nader 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 are you until next time i can either saying bio.

russia's foreign minister warns that the u.n. security council will never approve of foreign military intervention in syria but says. retaining the current condition of the peace. and the syrian opposition has rejected a chance for talks with the country's president instead of threatening the assad family with a brutal and bloody end. plans to expand the u.s. military presence in the asia pacific backfire on the philippines and some in china . the island nation. station more american troops.

this year's first e.u. summit exposes a deepening divisions within the union despite most members agreeing to fiscal restraint. and democracy. live from the heart of moscow this is. showing syria's opposition has made a chilling a pledge to the country's leader a valid president bashar al assad and his family will be killed like libyan leader colonel gadhafi saying he's lost the chance for a peaceful exit fierce battles meantime between government forces and rebel fighters are raging on the outskirts of the capital damascus. in the city standing by. for us right now. hello to you there are fears the syrian conflict is beginning

to resemble what happened in libya and with its own uncompromising promise from the opposition it seems to becoming even more closer to reality. yeah i mean certainly you vented a nice face of the conflict here in the country you've got a civil conflict on your hands is just seeming to ramp up all the titles that little comments like the ones that have been made by one of the senior opposition figures in the syrian national council and not going to help the situation at all he'd said that the assad and his family would be killed in syria that they would be killed like he does say that they left no room for a peaceful solution now i mean that's going to be huge blow to the opposition remember the opposition in this country a region they started this movement calling for a peaceful solution but you've seen over the ten months the calls for reform change to calls for the president to step down and now it's very common on the streets

that many of these protesters to hear the protestors themselves calling for the president to be hanged they certainly got a very dangerous situation and you have no clear is that evidence by the what we've seen happening in the past couple of days and days of the week when you have very serious fighting happening very very close to the center of the capital now the opposition member in the s.n.c. had also said that they were going to be sending money and arms to the free syrian army is another extremely dangerous extremely provocative cause what he's essentially saying is that the s.n.c. and now going to be backing an arms movement in the country and funding a civil war within their own country i mean is absolutely a very very dangerous thing to be saying now we've met a lot of the free syrian army that have been here after the last couple of days conflicts many of them have seem to go underground and this is very very

diverse is not known exactly who they are still a lot of the army defectors but you know a lot of the people we've been speaking to within the free syrian army have made it clear that they're not looking for a peaceful solution here that they do. i want to be pinned as terrorists they say that they're protecting civilians but and a tool we were having with some of the free syrian army yesterday they were telling us about having killed some arabian sea they thought had supported the assad regime over the past few days i mean absolutely objective pay is not to find a peaceful resolution and i mean so you've got an incredibly difficult situation here this just being ramped up all the time by statements like that from the s.n.c. and you know it's not very clear whether he actually has the voice of the people that. or not the bottle though over syria is shifting to the u.n. security council now as members that negotiate a new resolution on the conflict what do we expect from that. it's very hard

to know exactly what the outcome of that will be a what's clear is that there is a sort of push now for this crisis in the country to be internationalize this thing the arab league mission sort of fall flat on its face the gulf states have to is really i mean to fly clearly there's a very heavy person out there some form of intervention from certain countries i mean you've got all these to you that's going to test the thing already and to faring with the what everyone was hoping would happen which is the ability to find a syrian solution to the syrian problem now russia of course has been calling right from the beginning for dialogue between the sides to try and bridge this gap we can hear now from the foreign minister sergey lavrov speaking about some of the criticisms of russia's stance on the situation. my goodness we never said retaining bashar al assad in power is a condition for crisis settlement we said something different we said that the decision must be solely syrian only syrians groups the syrians must gather at the

negotiating table and hammer out a deal if the demand is for him to go and he doesn't show them what's next in the air force bombing we've seen that already and this is your the council will never approve it i guarantee it. i mean it's very unfortunate recently that what we seen is that this moderate middle ground as it was as essentially being trampled on you've now got a very very strong side certainly within the country does this sense that right now you're either for or you're against and really you're seeing the country become increasingly polarized as i said very very disappointing that statements like this being made because it's just going to fuel the fed the genuine fear that a lot of people on both sides have about just where this is going to end because this conflict is just getting bloodier and bloody and more and more violent and you know these calls from the opposition to. fuel the conflict in this way just very very damaging i mean it's very easy for the syrian national council to sit abroad

to be inserted here and to call for this type of armed conflict much harder for them to come around the discussion table and talk to the side again for the government saying that they found it more effective to roll out than to roll out reforms so what you're saying at the moment essentially is a sort of despicable political wrangling that's having a very very high even cost. with the sounds of gunfire and artillery. yells a phrase 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 syria can be hard to hear the syrians. but 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 the finding people willing to talk right now has proven difficult. we've had tanks entering and firing and just enjoy or we've had six people who've died we travelled to the suburbs where some of the clashes have broken out to try to get a clearer picture of what had been happening here in the last few days when one of the suburbs of damascus at the moment now we were travelling to a suburb called entire we thought it was a slightly safer area to visit but we just received a phone call telling us that it's not safe to travel there at the moment the situation is so volatile it goes to show 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 the situation at the moment we make it into the suburbs job or using back the opposition that just last week had control of some of these areas have now gone underground. 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 someone was shot dead during the funeral and we had to go and hide from the security forces. after it had taken to meet some members of the f.s.a. . begins and some other members joined as well and those took turns to people they know just been arrested in the changes and the atmosphere starts to fill so. it's such uncertainty right now it seems mistrust is rife. 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 briefing by the arab league's with having ground to a halt. to hold reconciliation talks is not one to be simply dismissed. many have

already done they have do political aims they have two political reasons for. the poor for feeding the conflict in syria and i think they don't want that they're not interested in due form 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 including first syrian solution to a syrian problem that it's repeatedly failed to communicate no opportunities to 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 calls the international action it's just going to keep getting louder surface r.t. and ask this time a concert in costs off from the foreign affairs committee and russia's state duma says the syrian opposition is being told by the west the regime is due and there's

no need to negotiate. i believe that the whole have had a unique chance to get together by arranging political consultations in moscow this initiative was rejected yesterday by their position and the. reason the they gave was look there are no prospects to speak out of this regime because this regime is out of question they really why because messages coming to syria from abroad from washington from brussels from elsewhere has have always been this regime does not have a future you don't need to talk to them this is the wrong message and by that message they have undermined prospects for political consultations and most or elsewhere and this is how we will continue to see clashes in syria we will see blood we will see casualties weak teams unfortunately it will continue to happen not due to the russian position but due to the position very unilateral very very unfair position

taken by the united states and their allies. we've been asking you for the meantime what you think about the situation in syria and whether peace is at all still possible you can vote on our web site r.t. dot com get itself involved in our worldwide poll here are the numbers so far almost half of you believe a peaceful agreement is impossible because the west is determined to control syria a little over a third such a possibility exists thanks to russia's determination to avert a libyan style scenario thirteen percent agree outside support for the rebels makes war in at the double and the minority believe the syrian government will defend itself no matter what. this is artsy a u.s. plan to increase its military presence in the philippines is causing uproar china's state run daily said manila should be made to pay for creating tension and in danger in regional security america will also boost its presence in the asia

pacific region by putting more of its forces in australia and singapore as a strategy seemingly aimed at constraining beijing's growing power. at the international level the philippines know that the u.s. is stepping mistry return to asia refocusing its military and security deployment in the middle east in asia pacific targeting china in iran as the primary security concerns now at the regional level the philippines also see that their recent changes in the regional politics particularly in taiwan where mr martin to you and to call restriction was successful we were elected there means beijing and taipei would have more stable relationship expression in terms of economic integration across the strait in the coming years and the philippines knows that the u.s. would need a more reliable ally in the asia pacific region so the philippines is reeling to

lend its hands to to the american airline for that kind of particular security concern the u.s. is having in the asia pacific region i have. tremendous pressure from the pm within china asking and urging the chinese government to top up for a tough position towards 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 trying to get the best interest from from this china and u.s. relations. r.t. is coming to you live from moscow and still to come deadline in d.c. u.s. occupiers refused to move despite threats of eviction and erast. the purpose of this was to unite in this case so if they want to arrest one of us they have to rest all of us a visible message of opposition and defiance from protesters camped out into

a national park. but as london prepares to welcome the world it's a live picture but to ensure safety you seem to be falling rather short of the gold standard. quarter past the hour here in new leaders at the first summit of two thousand and twelve were all smiles with the existing tensions were clear to say there was another war of words between the french president and the u.k. prime minister over whose industry is larger and poland set to join the eurozone demanded a greater say in decision making there was at least one decision made however with twenty five of the twenty seven the e.u. nations agreeing to a german school rule that would limit the size of the nation's spending they also agree to set up a permanent bailout fund for struggling members call not all a member of the european parliament says the cracks within the union are only

getting wider but not only going to get worse i mean at the moment they're burning german the flags on the streets of athens i predict it will be roll next and then there's been you never know it could be toppled as well the tensions between the countries and particularly between the north of europe and the south of europe is only going to get greater and what you've got is you've got protests in the south and what we're seeing in the north is a political revolution where new parties are spring you know and euro skeptic parties are getting better results than ever before the scary thing here that you have is once you start tinkering with democracy and trying to change things i think you know the very slippery slope in these and what's happening at the moment over here is that the e.u. is really showing you through the children what it's all about. it doesn't want to listen to the people they're talking about an intergovernmental agreement and this will go into primary e.u. more through secondary legislation which means that the people can be bypassed there will be referendums across the continent particularly in iowa where the should be a referendum on this and what will happen is they will bypass the people and it will go straight into review law and they will get exactly what they want and it is

a complete affront to democracy. later today here on our cars or on story see her but take a swipe at those who walk a straight at the entire financial mess so the ones who started it in the first place. the debt or be deader 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 gave and clown bankers who never have to pay dead zombies and clowns yet wherever there is a zombie debt or you can be sure there's a zombie creditor and there's zombie central banker feeding them all. this is r t occupy protesters have stood up against the earth already is in washington.