i think it's very interesting that we've got backwardation and sprawl 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 our becoming mainstream that gold and silver are openly manipulated something we've talked about before do you think there's a growing awareness that the that 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 and 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 very 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 in 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 settled into options bari said the contract didn't expire in the money but of

course you know of late that 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 into the market 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 churn 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 us 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 on to 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 for 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 on the call is 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 are you ready 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 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 or 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 or if 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 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 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 now paying dividends and then 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 making the big

projections you know the high 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 the last than two percent of the global investment last that's around 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 just a banking system the rooted 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 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 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 analysts are out 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 max kaiser and stacy herbert are they my guess that nader leyland of chevy 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 mack either saying bio.

the looks of the security council will never approved bombing syria i guarantee it . russia's foreign minister rules out use of force against syria to settle the crisis there but says moscow never insisted retaining the assad regime was a condition for peace. and a syrian opposition has rejected the chance for talks with the country's president instead threatening the sound family with a brutal and bloody and live analysis of what's happening in syria the moment very shortly. and this is first summit exposes the deepening divisions within the union despite most members agreeing to fiscal restrictions that critics say is on the front. of democracy our top stories this hour.

international news and comment live from moscow this is. a fierce battle is unfolding at the u.n. security council where discussion is underway on a new resolution on syria western and arab diplomats are launching a major offensive to overcome russia's strong opposition to a text calling for president assad to go the draft motion also doesn't rule out the use of foreign force. is monitoring developments in new york. the reality is that russia has maintained a position on syria and believes that both sides of the conflict need to come together in a dialogue and russia has said that it will not support any use of force into syria on syria now according to the arab european draft resolution that's now being

presented to the un security council it calls for a syrian president bashar al assad to step aside hand over his powers to his deputy while and national unity government is formed but most importantly it in at the end of this war peace resolution is is a paragraph that says that the security council can decide to review syria's implementation of the resolution within fifteen days and if the event in the event syria has not complied the security council and further measures we need to stress that that is words that can be interpreted in various different ways and that is something that russia china and other member members of the security council are very much against they don't want to see what happened in libya happened in syria the russian foreign minister sergei lavrov says that russia has not and will never subscribe to a campaign of organizing or overthrowing governments of other countries when you go

there. we never said retaining bashar al assad in power it's a condition for crisis is something that we should something different with but it's not a part of russia's foreign policy to ask leaders to step regime change is not. the decision most recently syria only series of groups of syrians must have got to do is using tables and hammer to deal if the demand is for him to. call in the air force. we've seen of already on the security council will never approve this i guarantee it. as more details become available on this story we will keep our viewers updated. syria's opposition to made a chilling pledge to the country's leader they vowed that president bashar al assad and his family will be killed just like libyan leader colonel gadhafi clashes between government forces and rebel fighters are raging in the outskirts of the

capital and. in damascus reports the syrian conflict is beginning to resemble libya mom too. you've got a civil conflict on your houses just seeming to ramp up evidence really by the violence has broken out for the past couple of days between the two sides now that's not being house by the statement by one of the members of the main opposition body the syrian national council the mullahs head said that assad and his family would be killed like gadhafi now certainly does against a few of the says on both sides really there's going to be retaliation and revenge attacks coming in this teacher 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 too on you know here in the neighborhood as really as. the for you know you're against people really that moderate middle ground now is being squeezed all the time and

very concerning because the dialogue just seem to being completely overshadowed by this very very strong aggressive rhetoric this conflict is just getting bloodier more removed violent. with the sounds of gunfire and. yes the 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 hit the syrian . the syrian case has developed and 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 right now to squeeze in just a close comfortable we've had tanks entering and firing and just enjoy a poor we've had six people who've died we travel to the suburbs to some of the

clashes of breaking out to try to get a clearer picture of what had been happening here in the last few days where. in one of the suburbs of damascus at the moment now we were traveling 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 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 southern job or using that 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 just died in the fire during his funeral people and his relatives were voicing anti regime slogans and called for freedom that someone was shot dead during the funeral and we had to go and hide from the security forces. absolutely

taken to meet some members of the f.s.a. . begins and some other members joined as well and as to the people they know they have just been arrested in the changes and the atmosphere starts to fill say with such uncertainty right now it seems mistrust is rife. it seems not. convinced the free syrian army not coming closer to the capital be simpler now this is harmful to the cause of bringing peace to syria. everyone seems there's no way to see what any outcome will be at the un's briefing by the arab league having ground to a halt. the whole reconciliation bill is not one to be simply dismiss as many have already done they have do political aims they have two political reasons for. feeding the complicated in syria and 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 the vehicle in the past including first solution to the syrian problem but it's repeatedly failed to communicate now if that unit is 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 so. well let's cross to the u.n. where we can bring you live pictures of that meeting taking place and we'll of course bring you the latest as soon as we get it on what is concluded after that meeting so the u.n. meeting there in new york at the moment and we'll also hear from marina portnoy who

is our correspondent following the meeting at the moment let's get more reaction on what's going on in and around syria from neil clark he's a u.k. based journalist and contributor to the guardian newspaper joining us there in the u.k. western countries want to put pressure on russia to back their draft resolution that is what's happening at the moment will they succeed i hope they don't succeed i think it would be very very bad if they do succeed because i think that this draft resolution is not a real attempt to sow serious serious problems in a peaceful way it does pave the way for intervention nato which is a great concern and i think not very helpful with the calls for assad to go because you know president assad does how support within syria sizeable support there was an example there was an opinion poll kind of a month ago showed he had over fifty percent of the support of syrians who didn't want him to stand down there's also been major protests demonstrations in syria and it seems to me that the western powers are not really knowledge of the rights of

people who support assad why would intervention be a bad thing clearly russia very concerned about that. libya that's one answer iraq have a look around the balkans intervention causes death and destruction we don't want to. create massive casualties on the ground and it's the last thing syria wants what neal you're just to ask wouldn't this violence continue if there isn't foreign intervention while i think the onus is being caused by foreign intervention was a very interesting article by the. american conservative magazine last detail how french special forces british special forces american special forces are actually into the to help the opposition rebels this is being stoked up by foreign intervention so the myth that we need foreign intervention so serious problems these problems have been stoked up i'm not saying that you know obviously there are people who have grave concerns about this i really miss syria democratic protesters

have every right to protest these from the situation to make a lot worse by foreign intervention what is the end game here surely if assad does fall that would lead to not just major instability and civil war which russia is concerned about in syria some say it's already started but also the implications in the wider region. well yes this is a proxy war against iran that's what this is really all about the west wants regime change in damascus so as to replace the assad regime place it with the opposition who will change policy too and they've already said the opposition they will break the iran axis so this is really a proxy war and if the west gets its way here and forces forcibly aside to go militarily then the war against iraq is much more likely to happen where do these oppositions come from in the wrong for example is there really a cohesive united opposition to take the place of the courage emas the same could be said of course about syria not at all though i mean the syrian opposition we've

got to distinguish between progressive forces who have legitimate grievances against assad regime really want to see more democracy in syria and between rebels who have been funded by the west and whose aim is to stir things up as much as they can there is very divided group and the west doesn't seem to matter it doesn't seem to care about this so long as assad is replaced and replaced by western bit but not just the west here arab countries are also keen to see regime change in yes syria quote when i talk about the west i mean of course the western the arab allies saudi arabia the gulf. and of course israel all those all those countries that one thing in common they don't like iran and they don't like president assad because he's friendly with iran this is not really about genuine concern for human rights and democracy this is all about regime change let's talk about the implications of moscow being obviously pressured by other members of the u.n. security council we're seeing this meeting happening at the moment on

a wider scale i mean. is russia going to be isolated on this what does it do with what impact it has with its relations with other u.n. members but it's not isolated i think the world opinion poll i think most people would say bravo to russia internationally russia and china. their actions to prevent intervention he had the support in russia and china over libya last year and it will be a mistake of russian if the russians think that they are isolated or not they have world opinion it's just the west will shout the loudest it's france it's americans israel it's the. arab states were backed by the west this is not the world this is not international community this phrase international community. should rule the whole world so should russia veto abstain in this resolution i think russia should veto this book for its own resolution which calls for syrian solution to this problem and the problem is the solution here is negotiation isn't it and when you have an opposition being apparently being encouraged by western countries not to

engage in negotiations you're never going to get that all you that is the big problem of the west irresponsible the west could have been saying to the opposition look go and meet with the government the government as i said opinion polls demonstrations show the government still has the majority support probably in syria so therefore to say that oh well as i've got no possible it is absolutely undemocratic there should be dialogue between both sides neal always good to talk to you on these matters thanks very much for joining us live there u.k. based journalist and contributor the guardian newspaper neil clark thank you thank you very much. e.u. leaders at their first summit of twenty twelve all smiles but the existing tensions were clear to see there was another war of words between the french president and u.k. prime minister over whose industry is larger in poland set to join the euro zone demanded a greater say in decision making it was at least one decision made however with twenty five of the twenty seven e.u. nations agreeing to a german school rule that would limit the size of nation spending it was agreed to

set up a permanent bailout fund the struggling members over felt the author of the end of the euro says there's a lack of solidarity in the e.u. and some leaders pursuing their own political interests within it's especially for young people slashing deficits of course very big problem for the european union to keep up the unity it's always a question of national preference. coming into kalash or at least into some kind of coalition with each other and there for example france it's obvious that for 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 these opponents in that french presidential election race but there's certainly 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. 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 they were still preparing to resist with officers standing at the ready nearby and authorities this war explains occupiers remain united in their beliefs. so we are here ad macpherson square where protesters have been occupying the park since october through out 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 intends to stay but their doors must remain open to 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 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 over the line 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 only if this is our tents or dreams we want to be able to sleep here so we can dream of a better world where everyone has.