market. is. really happening to the global economy with much stronger no holds barred look at the global financial headlines. this is r.t. with me roll recent time for your headlines now as the un forces ahead in its efforts to mediate peace in syria with russia backing the push for a diplomatic solution the syrian opposition admits it's being armed from what rule some countries continue their calls for military intervention. a gunman attack an afghan government delegation visiting the site but sixteen civilians were killed by a rampaging u.s. soldier leaving one dead and three injured at the weekend massacre has led to

widespread fury with anti american rallies all across the country. and the e.u. approves the second bailout to greece which will see the country stave off bankruptcy for the time being but while the eurozone crisis rages on the nonstop flow of regulations from brussels continues forcing many firms out of business. or my colleague bill dollars here in half an hour's time but for now find out. whether you should turn your cash into gold and do so in a hurry this is art. this is the kaiser report. states that ever max what happens when peak makes pete reek sources tell me it's called the white man's debt burden

the white man's burden. the burden of course being all those people around the world outside of the empire whose resources must be taken well first we have the situation of gold reserves we see germany and switzerland asking about their gold reserves that are held in new york but it all started august two thousand and nine germany's gold is in u.s. custody to spank confirms this is based on a documentary made by max keiser called brown's bottom and you are investigating why gordon brown sold off the you case gold supply and as part of the documentary you travel to the buddhist bank to find out why it is that they held theirs and they refused to sell there's little did you know that on march seventeenth two thousand and eight that weekend bear stearns would have been collapsed gifted to

j.p. morgan and ben bernanke you on that sunday night would have slashed interest rates on a sunday by seventy five basis points you showed up at the bundesbank let's turn to this little clip here where undercover you're talking to a buddhist bank executive little did i know that on the very day first terms of collapsed interest rates have been slashed and goal was skyrocketing you know we're going to see somebody had to build this but. we've been told that they're now and. there's a crisis. like the red alert there for a. talking to anybody because since it's. in the school the market meltdown. it's quite remarkable really you know we made the case that maybe they should be talking to the press. they were told as we were told the situations watch the sensitive. situations like. fear is the.

banking system itself is in peril. into submission. you know you don't know what. to you know coming what's coming next yeah that was a shocker and then they revealed that most of their gold sixty percent of the gold of germany is held in new york and this then subsequently became a big story went around the world well of course and get the gold antitrust action committee pursued this story as did rob kirby in canada and they got a statement from the buddhist banker say report kaiser's documentary may be sensational for getting it on dollars from and from the german central bank the bundesbank germany's court reserves are actually in the custody of the united states this is a detail the biggest bank longest deny to others who have inquired and it's potentially a matter of great controversy in germany to research the question of whether the

german gold reserves are actually intact at all or whether they've been used by the us government as part of its long time gold price suppression scheme or have been commingled and diminished with gold reserves of other countries held in the united states so this is written in two thousand and nine max the term co-mingling yes it could very well be ever since the end of global scandal germany and other banks and central banks are very concerned that their gold reserves that are held in new york and in other locations could quote unquote vaporize and as these various countries pump up their money supplies and base the value of their currencies there with brazil saying it's going to debase again. aggressively and with japan looking to debase again aggressively america is trying to debase the euro needs to debase these countries are very concerned because they realize that eventually it will go toward a global gold standard but has been pointed out by the likes of jim records under that scenario the us could declare martial law over the global gold supply that

they hold in fort knox and in the new york bad in other locations and become the biggest gold purveyor in the world through a new kind of a global fee at it certainly the m.f. global scandal sets that up when you have a banker they can just steal a billion dollars without any accountability at whatsoever then why not take a few billion or hundred billion and all right and again and now they're starting to question. are we ever going to get our goal back in the gold treasure of the germans in new york this is from build the largest circulation newspaper in germany so they're calling it the incredible gold candle they found out that the buddhist bank has not actually bought it in their alleged gold reserves in the new york fed for over three years and they're supposed to audit every three years they were supposed to audit in two thousand and ten apparently they have not done that also in germany is looking what happened to greece as part of the troika the i.m.f.

the world bank the e.c.b. . trolling for assets in greece they've already seized one hundred eleven tons of gold that was held in the greece the greek gold reserve the central bank that's now gone it's now the property of the troika so they know that people are looking for gold around the world and so they're very very nervous as they rightly should be as we reported at the time and we got confirmation within the bank itself confirmed face to face that in fact the gold was not there also you're seeing an awareness of the citizens of the post world war two era where we've had this explosion of debt they're wondering what's backing it all now that it's all falling apart so alarmed by the build report the christian democratic union member of parliament philip this felder is the man in the list of gold ingots from the president of the german federal bank yeah weidman he told bilko i was shocked first they said there is no

list then there were a list but they were secret then he told me that inquiries endanger the trust between the german federal bank and the u.s. federal reserve what does the federal bank want to hide and you know as we've been talking about we've hit peak debt this three thousand four hundred tons of gold of which about two thousand is in new york they say so if this is spend re hypothecated lent out madge. plea to create two hundred thousand tons worth of gold that you could see as the knock on effect and we could see major turmoil and a major collapse of this empire of debt both one of the more the most. grossest missed consumptions in the globe today is that the world is not on a gold standard the world has been and will always be on a gold standard the fact that right now you've got six or seven hundred trillion

dollars of derivatives just means that the amount of paper backing the gold has never been in greater volume you have to look at it in terms of an inverted pyramid throughout history sometimes there's a one to one ratio between gold's of paper money sometimes like we have now there's a one two seven hundred trillion a relationship between gold and paper money it always revert back to the mean it always corrects back to gold or something that warren buffett knows of his heart that his dad howard buffett tried to instill upon him in truth about gold but being a rebel that he is he's going to go down in flames with a paper mountain so max the locals the natives of germany and switzerland are pretty they want to know where their gold reserves are they think they have a certain amount of independence from the empire they don't apparently gold is in new york now the most important thing though backing the u.s. dollar is not necessarily those gold reserves it's the oil reserves of all the

other countries around the world which the american military and the american government are burdened by whether it's libya whether it's iraq whether it's gehman somalia we are burdened by taking care of these people and their oil research like . over there bill gross says the price of oil is the new discount rate he's referring to the oil as the defacto currency of the globe the petro dollar that took over the seventy's so lo and behold here comes the white man's burden the white man's burden that's the rudyard kipling reference live i think you're right it was the kind of a. home he wrote for a magazine and it was in order to encourage the us teddy roosevelt to go see the philippines by taking them so on invisible children's coney twenty twelve campaign

unless you're asleep under a rock somewhere you will not have been able to miss kone two thousand and twelve is this video by these three white evangelicals and their little blond child who are saying that we need to send troops to uganda we need to assassinate this guy joseph koni from the lord's resistance army so the court here is if there was a prize for the ngo who best commodifies white man's burden on the african continent and more specifically in uganda invisible children would when they recently struck again with a new video and campaign titled coney twenty twelve well i understand that this video is something like fifty million viewers yeah well over that you know. in private and the kid in it is not justin bieber but the child and it is not just. for those like parents. exactly and now the point is they're asking for the population of america to force obama to send more troops to well to

send troops to uganda. time magazine makes this inconvenient point they say the u.s. military's african command afrikan has deployed its assets against kone since at least two thousand and eight a fact that goes conveniently on bench and invisible children's video and max yes why is africa always such a burden to us white people because they go resources the us like people want it back our debt uganda's oil could be a gift that becomes a curse that was only four or five months ago in the new york times lo and behold uganda's oil is now a big curse it sees the u.s. combat troops there because in two thousand and six over two point five billion barrels of oil were discovered in uganda along the border with the congo which is where conveniently tony is this this is the burden for sure whenever there's all in the air there that's of coma rudyard kipling the well

publicized well we're of course also burdened by the resources and people of afghanistan under tendered irony from the new york times the new york times today has an article lamenting the stream levels of corruption and afghanistan's ruling class a narrow business and political elite defined by its corruption they say and explains how these unchecked improprieties are impeding u.s. goals for post withdrawal stability yes apparently the american taxpayer in our army are burdened by these corrupt afghanis of cording to the new york times the players include people tied to president hamid karzai inner circle many of whom have profited from the crony capital. lism that has come to define afghanistan's economic order and nearly brought down kabal bank despite years of urging and oversight by old merican advisors mr karzai government has yet to prosecute

a high level corruption case so here's the new york times the paper of choice for empire not making any connection they did it once in the article pointed out that the us also fails to prosecute their bankers so and yet they're talking about the burden of having to stay there and take care of these afghanis because they can't figure out how to get rid of crony capitalism oh so what is good burden but i've been pushed into these pillage reason they've got the burden the what moves to burden the white man there's some debt oh iraq here's a little bit of debt oh africa hopes north a little america a few chile those greece pups are three trillion dollars in debt because of the. burden of every well we'll have to sort of buffer now but thanks for being on the kaiser abort thanking. that go away much more coming your way so stay right there.

be official tee up location. called touch from the. video. smiling old girls. just feet now in the palm of your. welcome back to the castle ricard imax guys are time now to go to the state of washington to talk with david moore again of silver hyphen investor dot com david

mark and welcome back to the kaiser report. max great to be back with you all right david morgan the silver investor first you have the exact still recording that ron paul recently helped to ben bernanke the during congressional testimony tell us about their confrontation and how you came in possession of this coin thank you max this is the coin right here hope we're going to get a camera. it's called silver circle it's impreza mind that have a movie talking about the collapse of the economy and silver's role post collapse it's called silver circle movie dot com you can go that website and check out the trailer they gave one of these two to dr paul of course he held it up during a custom only and there's quite a bit of news around that on the internet especially those that are you know we can aware for people like yourself max of parts of the truth about the financial situation right now i thought about silver and silver liberation army and silver

asar paul and all these grassroots campaigns last year of course we had crass a few morgan myself or now i see the some bloggers have taken up the cause tell us about by an ounce given ounce this is a lady that i know that does a very interesting blog sherry question in all dot com she's blogs on all kinds of things in fact call me this morning with some updates that people might want to check out regarding goldman sachs and their position if the economy collapses i guess the bankers get paid first that's based on hearsay evidence the article yet but going back to what we want to talk about by announcing people announce it's piggybacking on your you know by announcing kick j.p. morgan down and she's basically saying you know you've got to understand the physical realm doesn't equal the paper realm anyone that buys an ounce you the leveraging those bankers wroth roughly one hundred to one and this is something that should own it something you can get away as

a gift and also think of it as some kind of a situation. give something of value to somebody else now it only may be a barter transaction but as if you have so i like it to take you back again on what you started and she has your video up there again so maybe you'll circuiting a lot of new people that expects keyser kind of answer to and she will have been heard of you but you never know i know how they work imagine that the race yeah physical seller of paper silver is a bad one hundred so one hundred times more paper at least i mean if you look at the derivatives markets out there and then you look at that the balance sheets of these banks that are not even counted in the account in the overall look at what they're holding the ratio is even more astronomical paper to physical that recently there was a smash now the silver price one hundred ten thousand paper contracts are still more were sold in the last then an hour or so how many ounces of this is there in

one hundred ten thousand contracts and is this unusual david martin very unusual maxence go back up if you allow me but you know just christian is the one that during the testimony about manipulation the silver market testified before the see if you see the paper to physical ratios roughly one hundred one and we usually hear out jeff out to the silver summit here in spokane every year and he get an interesting presentation last october a said you know really it's not one hundred one it's four hundred one any put up a chart i actually have that for our members on the members part of the mortgage report but anyway boyd forward yes the smash down it was roughly one hundred ten thousand contracts five thousand pounds per contract so you're looking at about five hundred fifty million ounces of fine silver which is roughly three quarters of the amount of silver mine in a year and all that took place during one trading stay session on the c.m.e. and yet the authorities just look the other way what's so striking to me is the

amount of people that get so upset by this me being one of them. but yet they feel a lot of things that they want to give up that they have no recourse and you can't control that of course because the sea if the sea won't control what the mandate says it should but to me i want to make the point that eric sprott who started the p.s.r. we have physical so trust. recently did a shop fall of one point five million ounces and knocked out long ago they took that shell probably down and they issued about three hundred million dollars to buy roughly ten million ounces of silver when that physical ten million ounces of silver was bought the price shot up from the point it was announced to it was collected roughly two hundred dollars yet it took fifty five times that amount on paper to take it down the same amount in price so i really feel that we're winning matches meaning that again shows the point of what you started with that why i announced it down j.p. morgan this by an ounce given ounce it's all about taking the physical and holding

onto it because that is what do you leverage is the system which takes fifty five to one to get the system down the same amount of price which shows you that buying something physical really has meaning well as far as these grassroots campaigns like lacerating morgan buy silver or finance given hands that i've been involved with i really gone to school on eric sprott eric sprott the guy who has come to the market and said look here's what the annual production is here's what the annual aboveground supply is here's what the demand is and this thing is going to go higher and of course when eric sprott we're not talking about by an ounce denounce we're talking about a billionaire one of canada's leading billionaires is talking about buying a billion dollars worth of silver at a time now you probably have more time i know you must have more contact eric sprott than i do personally but it's see you know i think of him as a silver vigilante like

a clint eastwood character going down to the silver pit you know and then just firing away at these paper of summer bugs but do you get the sense that he's genuinely has kind of a. burning in his belly to go after this these paper bugs. well he's never told me that and it really talks about the pay system initially and how unsafe it is and how safe it is to own a metals and that's really your only asset class you can hold outside the banking system we're not exposed to these banking problems that exist so that's number one number two yes he she saw were similar to what i see is probably the best investment of the next ten years and then it goes through his numbers which are very similar to mine and there's reasons why what you can are similar and i really do believe that he could up the shop filing just to have the ammunition ready to fire away there's one point two billion dollars left on the top shelf filing so you know at the time if you get the price but you could have bought roughly fifty

million ounces so recently but ten million so far so i believe that any time somebody gets in the under thirty range he's probably going to take take a shot at it noone is going to buy more physical so i see it as very bullish as i said and i think that we've got to go away and i also talk about that other precious metal gold for a second because there are some very interesting cross currents going on and some international dialogue happening based on what we've been saying on this show for quite some time that is to say that a lot of the european central bank vault is not held in its european central banks it's held in u.s. federal reserve bank in new york as one of the main repositories for german gold for example as another start to freak out in germany and that way we want our gold back and we see this all over the world venezuela repatriating gault we see repatriation of called now being talked about in switzerland what's this trend all about david morgan is a p are these countries finally waking up to the fact that

they don't have a president in their vaults and they don't have it exactly i think you were instrumental in getting people where that you know and now they're falling through the can actually you know it's all the schools not money i mean grenache you testified i think ron paul asked him about gold and said well it's a tradition. it's not money regardless banks know what it is in fact if you go back in history not that long ago on going back roughly ten twelve years the bank of international settlements the bankers bank you actually used to be able to be a stockholder in that now it's a truly private again they used to account for every asset in gold only in other words they don't care what member banks again this is the top is just the highest bank that exists at least to my knowledge a list of some black banks somewhere that no one knows about bank of international settlements accounted for everyone in gold all right so they know what it is and they know how to account for you know what it means and these countries do as well and they're scared again i think you were instrumental in getting that started and

now these banks are getting worried and they say you know if something really takes place we don't want to go it's in the new york fed i was in new york oh i don't know a couple years ago had toured the fed took some photographs did a little video for members but i'm on the street walking on the sidewalk and as i'm walking right past the the fed there and think you know myself you know i'm walking over who knows how much percentage of the world's gold right now and how many people you can aware of it and how many people realize what explain all this you know surface area this is relative to the whole planet gold is where gold is scarce gold is valuable right now i imagine have be i asked the bank of international settlements they also came out with a report last year as a recurring i'm going to look at the and positions in the derivatives markets because they are and try to keep track of these markets and that's where the data came out originally about j.p. morgan's three billion ounce of sort self or they've got a balance see that looks like mt vesuvius the day before blows up if silver gets

over fifty the i think j.p. morgan stock is worth zero that's what i thought my work tells me what is what do you see on that front david morgan. ok well i'm not to pick an argument max i first of all everything he said i agree with secondly i mean they're totally insolvent or totally broke right now i mean they are absolutely insolvent so how do you blow up a bank just totally blow itself up already it's just no one seems to realize it other than those that follow it work like yours but what will happen if it goes above fifty or one hundred or whatever in my thinking it'll just be another too big to fail the print more funny money and try to cover it over but i don't think that i think that's very relevant of what a pension will happen i think more importantly is it doesn't have to get to that price of thing for enough people to wake out and the whole financial system to crumble in other areas i mean this whole idea that you can have debt much of

a short position is ludicrous i'm actually ok with hedging i mean all of my coin dealer all young people are friends need to hedge in a market because it's a margin business so you've got to hedge off their daily activity in a mine might hedge off a year or so but to help you off like five or six years of total global supply and when you see what they have in the public domain as far as how much social habits pathetically small i mean this is just ridiculous and again i go back to the authorities and where are these people you know it's obvious what's going on and you know they've been looking at the same for years now and have yet to make a statement and then this happens just recently in the last smash down again no comment i mean i think the people it has people are awake and aware of certainly had it and it just frustrates me then morgan rather time but will think again soon thanks so much for being on the kaiser report thank you max it was a pleasure to be with you all right not going to do it for this edition of it has

a report with me max keiser and stacy herbert i thank my guests david margan from silver hyphen investor that can he is the sober a guru make no mistake about that it's not the same e-mail at kaiser report r.t. t.v. that are you know it's an x. that are saying. from. home.