sprott back buying in size and bear in mind that the three hundred million is only one fifth of the overall shelf offerings so yeah i see it as 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 they 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 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 they met 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 blowing in the 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 because very clear that silver still is a much smaller market than gold and as a result you know the boats 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 bari 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 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 tish's 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 after 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 up 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 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 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 f. 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 markets 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 who knows i suppose the possibility they could try that. the german buying. the retail side 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 to you which is that while mass 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 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 or forecasting last year you were talking about a two thousand dollars gold price and a lot of banks that 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 our current thirteen do you still see two thousand in the cards and warning or do we go from there well i think it's just a linear progression would take you to two thousand and 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 through this bull market and 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 this is our top five but 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 generalists once the asset allocation and moving the money around you know they may well like the idea of a particular gold mining 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. 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 stocks performed so badly for a long time but i think personally the fact that the banks making the big projections for 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 than two percent of the global investable assets or 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 the market for 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 a 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 the 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 you know 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 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 and a limited run of time thanks so much for being on the kaiser report a pleasure resort all right now going to do it for this edition of the kaiser

report with me matt kaiser and stacy herbert are they my guest matt nader leyland said yes 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 i can either saying bio.

the books are true this is your cancelled we'll never approved bombing syria i guarantee it russia's foreign minister rules of use of force against syria to settle the crisis there but says moscow never insisted retaining the current assad regime was a condition for pace. and the syrian opposition has rejected a chance for talks with the country's president instead of threatening be a sad family with a brutal and bloody end. plans to expand the u.s. military presence in asia pacific threaten to backfire in the philippines as some in china call for sanctions against the island nation for offering to station american troops. and this is first exposes deepening divisions within the union

despite most members agreeing to fiscal strictures that critics say is an affront to sovereignty and democracy our top stories this hour. international comment live from moscow this is. syria's opposition have made a chilling pledge to the country's leader they have valid president bashar assad and his family will be killed like libyan leader colonel gadhafi saying he's lost the chance of a peaceful exit fierce battles between government forces and rebel fighters a raging on the outskirts of the capital and his r.t. sara firth in damascus reports the syrian conflict is beginning to resemble libya marketing. is seeing an increasingly civil conflict evidence treaty

by the violence has broken out for the past couple of days between the seaside was not being housed by the statement by one of the members of the main opposition body the syrian national council. head said that aside and his family would be killed like gadhafi now certainly does going to feel the says on both sides really there's going to be retaliation and revenge attacks coming in the speech and certainly that is a genuine fear amongst the people here you're seeing a very polarized country right now and the dividing lines are really being true and you know here that made it as ready as. the full o. you are again and people are really that moderate middle ground now is being squeezed all the time and very concerning because the calls for dialogue just seem to have been completely ava's shattered by this very very strong aggressive rhetoric with the u.n. a meeting members of the arab league to discuss

a draft resolution on syria still that talks going school for president decides to hound his powers to a deputy the problem is that the measures that are described in the draft is to leave the door open for military intervention and that's something the russia's remain firmly against the continuing calls of a dialogue between both sides we can hear now from russia's foreign minister sergey lavrov responding to criticisms on russia's stance. when. we never said retaining bashar al assad in power is a condition for crisis settlement we said something different but it's not a part of russia's foreign policy to ask leaders to step down regime change is not our job the decision must be solely syrian only syrians all groups of syrians must gather at the negotiating table and hammer out a deal if the demand is for him to go and he doesn't know what's next we're calling the air force bombing we've seen that already and the security council will never

approve this but i guarantee it. is going to be very interesting to see how this watch how the opposition have responded that they feel they have increasing backing from the west this conflict is just getting bloodier more and more violent. with the sounds of gunfire and celery. yells a phrase tests from the streets and the increasingly loud an email international opinions britain needs to lead the way in making sure we tighten the sanctions the travel bans the asset freezes on on syria can be hard to hear the syrian. 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 fighting people willing to talk we know has proven difficult . we've had tanks entering and firing and just enjoy

a war we've had six people who've died we travel to the suburbs where some of the clashes have breaking those traits get a clearer picture of what had been happening here in the last few days when one of damascus at the moment now we were traveling. 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. what the situation is so volatile. it goes to show you really that you simply 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 suburb of job or using backwards the opposition that just last week had control of some of these areas have now gone underground. and there was a funeral for a resident of who died in the file of his funeral people and his relatives were voicing anti regime slogans and called for freedom someone was shot dead during the

funeral and we had to go and hide from the security forces of. us who were taken to meet some members of the f.s.a. before the end he begins and some other members join as well and there's talk turns to people they know he's just been arrested the meat changes and the atmosphere starts to fill hostile so we leave such uncertainty right now it seems mistrust is rife. it seems sort. of convinced the free syrian army not 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 there will be at the u.n. briefing by the arab league having ground to a halt case offer to hold reconciliation talks it's not want to be simply dismissed as many have already done they have do politically they have two political reasons for. for for feeding the complicated in syria i think they don't want

they're not interested in the 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 in calling for syrian solution to a syrian problem that has repeatedly failed to communicate no opportunities for dialogue or 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 because the international action is just going to keep getting louder surf r.t. damascus. concerning cause the job from the foreign affairs committee in russia's state duma says the syrian opposition is being told by the west the regime is doomed and there is no need to negotiate i believe that the all 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 look because 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 moscow 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 to due to the russian position but due to the position there you know that there are very very unfair position taken by the united states and their allies. we've been asking what you think about the situation in syria and whether peace is still plausible

vote on the poll on our web site r.t. dot com so far almost half you believe a peaceful agreement is impossible because the west is determined to control syria a little over a third think such a possibility exists thanks to russia's determination to avert a libyan star scenario forty percent agree outside support for the rebels makes war inevitable and the minority we can see there on screen the moment believe the syrian government will defend itself no matter what's. the u.s. plan to increase its military presence in the philippines is causing up brought china's state run daily said manila should be made to pay for creating tension endangering regional security america will also boost its presence in the asia pacific region by putting more of its forces in australia and singapore a strategy seemingly aimed at constraining beijing's growing power. at the international level the philippines know that the u.s. is stepping misty return to asia refocusing its minatory and security deployment in

the middle east in asia pacific targeting china iran as the primary security concerns now at the regional level the philippines also see that the recent changes in the regional politics particularly in taiwan where mr martin to you and to call mr asian 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 if we please note that the us would need a more reliable ally in the asia pacific region so the philippines is reeling to learn it has to be are broken for that kind of particulars a critique concerned the us is having in the asia pacific region i have already noticed there's tremendous pressure from the public opinion within china that ask urging the chinese government to top of 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. well still to come here on r t this hour deadline in d.c. u.s. occupiers refused to move despite threats about fiction and the rest of. the purpose of this was to unite in this space so if they want to arrest one of us they have to arrest all of us have. a visible message of opposition and defiance from protesters camped out in two national parks. plus of london prepares to welcome the world it's even bigger fish to ensure safety seem to be falling short of the gold standard. a story still to come but first e.u. leaders at their first summit of twenty twelve were all smiles but the existing tensions were clear to see there's another war of words between the french

president and u.k. prime minister over who is industry is larger and potent to join the euro zone demanded a greater say in decision making and was at least one decision made however with twenty five of the twenty seven e.u. nations agreeing to a german fiscal rule that could limit the size of nations spending it was agreed to set up a permanent bailout fund for struggling members you have an oval office of the end of the euro he says there's a lack of solidarity in the e.u. and some leaders are pursuing their own political interests within it slashing deficit it's of course a very big problem for the european union to keep up the unity it's always a question of national preference to. coming into kalash or at least into some kind of coalition with each other and for example france it's obvious that president sarkozy the upcoming presidential elections are quite important and he uses the european platform to a certain extent to try to get some score back on his opponent in that the french

presidential election race but there certainly is at the moment a lack of unity at the european union level but also at the level of the eurozone countries where of course the dominance of germany is something that most of the other countries are looking upon in a very. fearful way. and later today max kaiser and stacy herbert take a swipe at those they say orchestrated the e.u. financial mess. 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 are never again 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 as zombie central banker feeding them all. occupy protesters have stood up to the authorities in washington d.c. refusing to remove their camps from two parks despite threats of police action activists there was still preparing to resist with officers standing at the ready nearby and as artie's less wall explains occupiers remain united in their beliefs. so we are here at macpherson square where protesters have been occupying the park since october throughout the demonstration about one hundred tents have been pitched here the national park service has repeatedly slapped these notices on tents here macpherson square informing protesters that they can no longer camp 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 there are tens can stay about their doors must remain open proving no one is living in it the notice warns protesters that violate the rule are subject to arrest but it's basically a symbol of opposition. to. you is what everything this moon is opposing right now and so i think the tents are really important part of what you buy but police presence was sparse with no reported arrests they stand mostly on the sidelines refusing to answer questions from the media you know what 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 a demonstration to the anticipated even action by park oh yes this is our tent 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 and corporations banks no longer have control over political system the federal government and the political leaders in 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 after arrest all of us or not of us and washington. liz wall. to forget we've also got the world covered for you on our website dot com it's online all the time and here's what's there at the moment no idea because you can compare all the money kept in sadam hussein bank accounts and stored in his baghdad. two billion u.s. dollars just disappeared into thin air plus. a whistle blower in springfield

makes it to the small screen in the five hundredth episode of the simpsons discovered when you can catch it all. on our website. warships ground to air missiles and drones britain is not gearing up for war but from london summer olympics preparations are calling all corners of the nation's defenses but as are these other but reports many fear the measures will pose serious risks to privacy. spectators may know who they're watching at the olympics but they won't know who's watching them surveillance drones like this could be circling the skies of london this summer police may use the spy cameras in their lympics anti terror tactics.