it is half past the hour here in the russian capital and you're watching our take the headlines the french officers are reportedly detained in the heart of the uprising in syria this while the u.k. withdraws all of its embassy staff but all this amid a rising international chorus calling for the rebels to be on. massive protests and rallies all across the e.u. about the cuts affecting millions is putting a question mark over brussels forceful demands for continued austerity measures. israel faces international criticism over its policy of detaining suspected

palestinian militants indefinitely and without a chance for the truck. ok my colleague bill dog is here in half an hour's time but for now max keiser and stacy herbert focus on what they call global colonization led by big corporations who are far too cozy with pandering politicians this is art . you're welcome because report nobody is doing any checks and balances on the out of control rogue banker types. they are becoming worse they're mutating into out right well let's talk about a more space here it's only more max we see colonization all around the world and colonization often happens through missionaries and all of those there to help he

who repo man director urges fans to pirate a bunch of my stuff right away so repo man director alex cox was interviewed and he said of hollywood it is so corrupt now they want to have longer copyright periods because they say the young artists are relying on this money so hollywood is there to help the young struggling artist but of course behind all their help for you they're actually destroying your culture or that they say they are trying to protect the young artists never see any money alex cox continues because they sign away that money to big media corporations like universal and viacom we'd artists lose all of our rights to these massive corporations who then come down heavy on these kids for downloading films and music that we never see a penny from it's complete b.s. i want to encourage your audience to go and pirate a bunch of my stuff right away yes actually i do pirate my film as the director is suggesting as we get into now occupy ollywood or the hollywood spring as some are

calling it copyright regimes are totalitarian it kills innovation it kills creativity the hollywood system is bloated it's like the movie barrick of industries and now people are rising up their pirating as an act of civil disobedience and they're doing so rightfully so and the copyright system is dire need to be completely reformed go back to one nine hundred seventy six where the it was i think forty eight years instead of now lifetime plus seventy years that's a slave copyright slave state so the propaganda to the average person is that we're helping young artist struggling musicians why. in fact it's universal and viacom that are reaping all of the benefits from their labor another musician of course is bob geldof who often goes up there with bondo and tony blair and says we want to help africans so we're going to give them monsanto seeds so that they can never be

free again or in somalia britain leads daffs to explore for oil and war torn somalia britain is involved in a secret high stakes dash for oil in somalia with the government offering humanitarian aid and security assistance in the hope of a stake in the beleaguered country's future energy industry so they speak to abdul qadeer hashi minister for international cooperation in punch line northeast somalia where the first oil is expected to be extracted next month and he said we have spoken to a number of u.k. officials some have offered to help us with the future management of oil revenues they will help us build our capacity to maximise future earnings from the oil industry hashi in charge of brokering deals for the region's oil reserve also said somalia was looking to be p.c. as the partner they wanted to quote help us explore and build our oil capacity you

know since help us help us and he then goes on to say and the only way we can pay them of course is to give them our resources once again i mean those are all the elements there we've been tracking for quite some time now in this somali story somalia story you've got first of all somalia was already victimized by these g. twenty nations that overfished the country to death that forced the population some of the population to go to this piracy business now they've got b.p. who is an ecological whole cost provoker who is responsible for the deaths of billions of life forms and a lot of people as well who are now going into help somalians with their business. and extract all of the well thank you very much and repeat again of the same tactics we've seen over and over again but you're right they go in there with bob geldof leading the charge we're going to help you except we're going to steal everything and leaving for dead somali prime minister abdullah mohammed ali said

his government had little choice but to entice western companies to somalia by offering a slice of the country's natural resources which include oil gas and large reserves of uranium the same thing here we're trying to help the young struggling musician but destroying all other competitions whether it's mega box or it's you tube or anywhere else they don't want any of these struggling musicians actually have a choice but to use universal here to use b.p. your only option if you're an oil rich nation is you have to use b.p. or exxon those are the two that's your choice mubarak b.p. hollywood these are all dying old dinosaurs of the of the previous regimes and they're all falling as you mentioned the fish off the coast the fish stocks have been depleted through western overfishing and it's also the the coastal waters

are totally polluted from toxic pollution that is just dumped there because there are no regulations so you'll have ships coming from italy dumping toxic waste nuclear waste right off the coast of somalia which then leads to this militancy the same you see in the financial sector our economies our financial systems have been destroyed by toxic derivatives and because of that you see riots in greece in athens you see riots in london as opportunity is destroyed but not many people who get to the point of risk pollution and the risk that lucian beating derivatives toxic the riverdance that are so that are gushing forth from the investment banks polluting the global economy and nowhere more so than in london. show some backbone becks emon asked chief tells firms to five militants on work experience scheme so again there's a new scheme in the u.k. david cameron's government has said that any you know under twenty four hours who

receive benefits must work in these all volunteer schemes now originally it was kind of pitched as like it would work for the community but it turns out they're working for major multinationals like marks and spencers m. and s. in this case or a burger king or tesco but not getting paid the taxpayer was subsidizing the profits of these corporations but the former boss of marks and spencers yesterday told firms to show some backbone and stand up to anti-capitalist protest over the government's work experience scheme a scheme in which youngsters on jobless benefits are invited are invited to volunteer for work experience placements of up to eight weeks. of most brutal ism let me explain something to the bank of england pumped hundreds of billions of pounds into the economy if it were capitalism that money would go into both absolute price appreciation and wages. that's called inflation but because of the

financial engineering this taken place because of the re architecting the global economy in favor of the top one percent of the top one percent that money pump like of irrigation sluice project it goes into asset prices like oil this is why the price of petrol is at the highest it's ever been in the u.k. never been higher because of the money pump but wages are flat in fact going down in fact they want people to work for nothing so if it were calculus them it would be competition this is not capitalism this is feudalism this is the return of the dark ages and these people who are saying oh they're anti-capitalist are completely wrong it's not capitalism little it's corporatism you know they the way corporatism snuck in is they use the we're the government and we're here to help you those of the scariest words in the english language well you know when you merge the corporations with government it is no better and as we see over and over in this story about the free labor being provided to these corporations chris grayling the

employment minister then goes on this is that fascism here is prepared to discuss forms concerns about sanctions attach the scheme which means that benefits can be withdrawn if youngsters who have not opted to leave a placement after a week fail to turn up without good reason or are rude and uncle operative if they're operating a little workers there chris grayling says quote i don't think any employer wants to be in a position where somebody behaves badly and faces no consequences so you're putting these young kids into free labor at tesco or burger king and if you uppity they want to be able to withdraw this young person's benefits you know just my ring. or be go off and to the workhouse essentially what is the return of the workhouse and it's a shame that the word fascism is become like the n word you know if i say chris grayling it's a fascist of course people like oh you can't say. russias that word died in one hundred

forty five you can't use the word fascist doesn't exist anymore it doesn't doesn't corporatism maybe because the fascist is no different than mussolini he's a fastest and it was so that world war two was a joke what was the point of the blitz to fight what could have crist this guy committed state fascism you know all the people or service people who died now and then i did so in vain because the country's done nothing to stop a song from being invaded but for can fascists well you know speaking of fascists and demanding consequences. germany offers to send taxman to greece remember so all of this fascism corporatism and colonization happen through we're missionaries we're just helping you we're helping you somalia by taking your or oil we're helping you libya by taking your oil we're helping you young artist by taking the rights to your work here the german government is prepared to send one hundred

sixty financial experts to greece to help the country overhaul its tax collection and use all these words help all of this is just helping young people enter the workforce in the u.k. we're helping somalia to exploit their resources but number six months ago when i was the first international broadcasters as just the germany you know was not innocent in all this business going on with greece there wasn't the i.m.f. and the world bank so much easy be as really germany looking to repeat the whole expansionist reich german reich four point zero model and now suddenly people just accept the fact that germany is sending in one hundred fifty jackbooted accountants accounted to it to run the country voluntarily like poland volunteered to have germany you know and like most of occupy all volunteer to have germany well

actually this is the british method of imperialism they would send people to help the poor indians they would send people in to missionize and help the kenyans you know this was the method of colonization it's one method it's you don't have to send in the tanks because it's it doesn't work in our twenty four hour news cycle tanks look bad to most people but accountants who are just there to help you with your taxes it's just all jolly good the story here is that there are no turning because this is a financial war and the critical faults while on the derivatives are the blitz. they destroyed greece with naked credit default swaps they've as greece's a four hundred billion dollar commie that they destroyed with nine hundred billion dollars worth of toxic derivatives and paulson lloyd blankfein and goldman sachs big they destroyed another scarfing up and serving it up to the germans who are the local raj we're going to be managing these poor schmucks down there in athens while

they get ready to invade spain there you saw tenderizing spain. they're going to help spain oh excuse me they're getting ready to help spain all right thanks carol thanks so much for being on the cars report thank you max the going much more coming why so stay right there. we'll. technology innovation all the as developments from around russia we've. covered.

imax keyser welcome back to the kaiser report time now to go to bangkok and talk with j.s. smart knowledge you dot com john welcome back to the kaiser report economics. alrighty j. as came the financial community is abuzz with warren buffett's claim that gold is value lists and unproductive holding and he likened today's mania for gold to earlier bubbles until it's internet stocks and houses your thoughts well days there's an example warren buffett talking his book but i never really understood now it's all euro worship i think it's just silly right when so many people put so much believe in basically one person because you know they were in this whole mess as far as the global financial system because people can't think for themselves

anymore i mean i think people should just make up their own my about that i told a story by looking at the. bax great not listening to one person yeah it's surprising that somebody who has a reputation for speaking in a no nonsense kind of way would would purposefully obvious kate the truth by stating lies paul would indicate that there's over ownership in the sector less than one percent of the globe's financial assets are invested in precious metals is clearly not over own plus the gold itself is outperformed berkshire hathaway stock for the past ten years by a factor of five hundred percent if you had just bought gold ten years ago and not berkshire hathaway stock you'd be five hundred percent ahead of the game and also i mean warren buffett let's face it he missed the biggest stock of the last decade apple computer i mean ingle eventually got into i.b.m. recently but he missed the biggest the biggest capitalized stock in the world apple computer the biggest gainer of the world out of computer so he's over rated

basically i mean yeah his overall twenty year track record thirty year track record is better than most but he's the only thing you can say well warren buffett he's not overtly criminal he's more behind the scenes criminal and i guess in america that constitutes a hero these days are let's talk about ben davies who is also widely quoted he says that central bank buying of gold has gold shorts trapped do you concur and for the audience explain what it means that gold shorts trap and what you expect to see in this case max i actually don't concur with. that in the sense that those shorts are going to get over on you know because shorts again what that means is that your bags are short gold and if you just mark it as a gold price rises basically you know no way out besides going low it's a cultured out and the reason i say that is because remember back when so was it everyone said st big silver shorts were going to get run over but as we've seen in

the past the bankers can come up with some kind of scam. so overcome that so in the case of so over that time i was just going to see any reason to show all and maintenance margins to true crash silver they can change laws or in the event that we all say they do get over on purpose of from just the thought seeing as we saw an end up global rate there is nothing to stop them doing whatever they want so in that sense i remain just a little bit skeptical that they can get over on. well i imagine so over let's talk about solver reportedly an attempt and the time the paper silver raid last week when one hundred two million paper alice's were dumped on the market within seven minutes they didn't succeed this time and driving down the price john so the follow up on way or just saying there in terms of the paper market versus the physical market the attempt by the paper bugs as i call them to manipulate the price down last week they tried with some really dumb two hundred seven million paper out says

it did not drive the price down your thoughts well all of those are people are catching on to their game because actually earlier in the year they basically don't believe it was two hundred fifty million ounces and one million which is bitter chris because a two thousand and ten the higher annual my production was only about seven hundred thirty five million ounces so the comix trades about one hundred billion ounces per year so it's even a greater ratio big blow because. peter's market you know they trade about one hundred times more paper gold actual real physical gold access silver it's about one hundred thirty five times more but what's even more astounding is where you look at you know the total solar supply it's a thousand and ten when you add in scrap metal as well so anyone my production you look at about seventy percent of that is used up right production all purposes so if you thousand and ten there's only about one hundred million ounces of silver left for best minutes or per monetary purposes so again you never mix a seven hundred billion galaxies trace on chrome x.

ray so thousand times more such a project market yeah. and you know it's interesting at this warren buffet trying to down talk down gold meanwhile in the troika in europe what's the first thing they did when they got greece to sign off on the memorandum when it's practically losing their sovereignty they now have a claim on greece's gold one hundred eleven tons of gold and of course this is now a factor in the troika's land grab an asset grab all over europe i guess they're looking for at least twenty four hundred tons of gold at some point and now the troika believes that they've gotta a claim a great call and this appears to be the trend even though gold apparently is overvalued. how do you see it in asia in the rest of the world are these gold assets going to increasingly be the subject of massive state intervention and banking terrorism but it's hard to say at this point because i think asia is

a bit peaches national bank uses the money is all different from the western social banking system right because you know we have right now the currency danger is either collapse of the your or collapse of the us dollar so on the other hand say in china the chinese government has been you know poor so a couple of years now for several years i've been encouraging all their citizens to buy is it also over to buy is gold gold you know you're running state sponsored commercials in the country to do so many asia has a history of thousands of years about gold and silver as money so i think you know asia will protect i think the asian governments what will protect its citizens more in that sense than the western governments because really this whole ponzi scheme great access course it's all global monetary system is really the western bankers clustered banking and this initiative yeah it's interesting the dynamic between the euro the dollar and what's going on there people all assume that the euro is the weak weak link in the in the global currency outlook but of course china is much

more. sympathetic to seeing a strong euro than they are the us dollar maybe get into that a little bit for us j.s. cam sure i think that's a great point max because i've always spell that you know u.s. dollar sort of you know better off your although all the media attention seems to be on you know the weakness of your right now so either your or your conscious and your currency only come into existence two thousand two thousand and one does not that's not how the volume of the u.s. dollar obviously is that international currency so you know i think definitely weakness in europe in the u.s. dollar are going to affect these economies a car is not going to be able to escape this so you know late like you said the floor if you look at what the creditors to greece are these are you know the desiring to take greece's goal you know you have to look at what the actions are of these politicians or the central banks and not the words they say is actually true feel truly you know what they value so by they maybe say gold is

a barbarous relic or other central banks maybe denigrating gold in india if you look at their actions you see you know central banks all around the world as far as like net purchasing their net purchasing is is up on gold you know for the past couple years yeah absolutely they friend so are the central bank is to increase their precious metals possession confidence in the dollar is weakening the business model the u.s. which is to invade a country to spend a lot of money on weapons to fat to boost g.d.p. seems to have run it's course. but i want to get back to the eurozone for a second clearly the story in grace is now finished there they lost their sovereign say there was a moment when they were told that they would be deprived of voting on a referendum or that and by the troika so their sovereignty that was the moment and that if they were going to stage some kind of revolution that would have been the time to do it but they never did so we can we can just kiss greece goodbye it's now

part of euro disney but let's look ahead to the next front again of the the paper versus physical assets the the war against the financial terrorism it seems like what's happening in spain is heating up now the people in spain i just saw some reports coming out of spain are really preparing now for a fight with these terrorists that destroyed greece. do you do you have your ear to the ground there in spain and pick up on some some movement there but bit calling it a little bit and not perhaps as closely as you put out do you believe he actually put it out earlier that you know this is the point that you perhaps it's a mistake to have to take a stand against you know this corrupt criminal global banking cartel you know once you preserve be able to preserve it welcome only this generation book for future generations as well well we tell people in greece to buy gold and silver those

people are going to survive the other that everyone else is going to parrot unfortunately let's get your thoughts not going forward for twenty twelve in the precious metals markets what do you see kind of developing actually looks like gold and silver just broke out so i do believe that this year will be a banner year for gold ever silver we'll see more of a divergence between the paper price and the seller price but it will also not be one without volatility i think we're going to see great volatility in the gold and silver races especially as you know the banking cartel struggles and the. to keep insisting suppress it right so you were still going to see a lot of also in this year but i think it's going to be overall a very positive year now and you know it seems so odd to me because again back to the warren buffett story here's a guy who owns a big piece of wells fargo bank and by extension he's piece of the banking industry the paper bug industry who is advocating this multi-trillion dollar pump by central

banks of course his stock is going to benefit his wealth is going to benefit but at the exact same time while prices and precious metal prices are going up concurrently which is having the effect of making the poor even poorer and the richer and richer so going forward you know i think it's important for people to understand that if they listen to warren buffett it's a ticket to poverty you know even if you want to stop which has gone nowhere in ten years well i think you ought to see more bumper for who he really is right max i mean he is part of the. elite he is part of the people they are power i mean we saw that way he struck that deal with goldman sachs right that by five billion dollars of her fair share and i read that he made almost six hundred million dollars in profit off that it's going to saks paid him a person half way back by the way sixty five billion dollars so you know he does have access to deals that you and i can't get max out basically insure him or

profits he does benefit from the current monetary system to carry moral structure or a fractional reserve banking system so he's part of the people that benefit from this system so it's not a surprise to me that you continually denigrate slowly continually day greats over and this is a man that's been property ten years and he's been denigrating goal since as you know reserve from two hundred fifty dollars an ounce to seventeen what's it out now seven hundred sixty about a silver from four dollars that there are over thirty five so he's been wrong for ten years running by would you miss it is man. but you made the goldman sachs point now is doing the same thing of bank of america trading on inside information all right and just came around to time thanks so much for being on the kaiser report ok it's been my pleasure all right now going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i was like my guest j.s. came smart knowledge you dot com going to send me an email please do so at kaiser report r t t v r u n don't forget to follow me on twitter i'm trying to get the

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