tween the n.s.a. and google that's an interesting story and it's definitely worth the read and you can also check out our you to page we post everything on there it's youtube dot com slash artsy america you can also follow me on twitter at liz wall for now have a great night. you know sometimes you see a story and six so you think you understand it and then you glimpse something else you hear or see some other part of it and realize that everything you thought you don't. charge is a big picture. of

this is a cause a report. max what happens when peak debt makes people sources tell me it's called the white man's debt burden you know 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 just bank confirms this is based on a documentary made by max keiser called brown's bottom and you were investigating why gordon brown sold off the ukase gold supplies and as part of the documentary you travel to the bundesbank just to find out why it is that they held theirs and

they refused to sell their heirs 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 that very day there are storms of collapse interest rates have been slashed and coal was skyrocketing you know we're waiting to see somebody had to go into space and. we've been told that they're now and. there's a crisis on the side of the red alert they're afraid to talking to anybody because the sensitivities in this global 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 we were told the situation is much too sensitive. situation like. the fear is that the banking system itself is in peril. submission. for you know you don't know what's going on. you know it's coming what's coming next yeah that was a shocker and then they revealed that most of their gold sixty percent of the gold in germany is held in new york and this then subsequently became a big story went around the world well of course and kept the gold antitrust action committee pursued this story as did rob kirby in canada and they got a statement from the buddhist bank which they report crisis documentary maybe sensational for getting it on dollars a month from the german central bank a buddhist bank that germany's gold reserves are actually in the custody of the

united states this is a detail the boom despite longest deny to others who have inquired and it's potentially a matter of great controversy in germany erisa is the question of whether the german gold reserves are actually intact at all or whether they've been used by the u.s. government as part of its long time gold price suppression scheme. what happened cuming gold and diminished with gold reserves other countries held in the united states and this is written in two thousand and nine max the term commingling yes it could grow very well be adverse to the end of global scandal. in 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 did based the value of their currencies about 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 jam records under that scenario the u.s. could declare martial law over the global gold supply that they hold in fort knox and in the new york fed and 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 bank or 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 gold back and 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 scandal they found out that the buddhist bank has not actually audited there are 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 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 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 a 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 in this 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 misspelled there is demanding the list of gold from the president of the german federal bank younes weidman he told build quote i was shocked first they said there is no list and then there were a list but they were secret then he told me that inquiries in danger 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 a major turmoil and a major collapse of this empire of debt while one of the more of the most. grossest missed conceptions 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 of paper money and sometimes like we have now there's a one two seven one hundred trillion a relationship between gold and paper money it always revert back to the me it always corrects back to gold to something that warren buffett knows of his heart that his dad howard buffett tried to instill upon him the truth about gold but being a rebel that he is he's going to go down in flames because paper mountain so max the locals the natives of germany and switzerland are pity 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 their 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 yemen 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 took over in the seventy's so lo and behold care comes the white man's burden the white man's burden that's a 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 since 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 two thousand and twelve well i understand that this video is going to something like fifty million views 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 african command afrikan has deployed its assets against tony since at least two thousand and eight a fact that goes conveniently on bench and in invisible children's video and max yes why is africa always such a burden to us white people because they go resources that us like people want it back so our debt uganda's oil could be 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 big. 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 well this is the burden for sure whenever there's all in the air there that's a poem or rather a kipling well the public 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 that extreme 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 according to the new york times the players include people tied to president hamid karzai as inner circle many of whom

have profited from the crony capital. ism that has come to define afghanistan's economic order and nearly brought down kabul bank despite years of urging an 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 point 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 those the weapons to burden the wife . into these killer trees and the growth of burden those to what moves to the burden. of debt oh iraq tears of debt libya there's some debt oh africa oh some more good little america cut a few trillion dollars debt greece pups are three trillion dollars in debt because

of what it looked at burton says everett well. thanks for being on the kaiser report thank you. that go away much racaniello it's us there right there. download the official. i phone called touch from the q sampson. one shall see life on the go. video on demand parties mind broadcasts and r.s.s. feeds now in the palm of your. question on the dot com. mission free. printing station three cents for chargers free. maintenance free. free.

free. clothing videos for your media projects and free media and on the hard tetons tom.

welcome back to the carson report on the skies are to go to the state of washington to talk with david morgan of silver heights and investor dot com david morgan a lot of back to the kaiser report. max chris to be back with you all right david morgan the silver investor first you have the exact still recording that ron paul recently held up to ben bernanke he 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 hopefully i got a good camera angle it's called the 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 through dr paul of course he held it up during the testimony and there is quite a bit of news around that on the internet especially those that are you know awake and aware from people like yourself max of are telling the truth about the financial situation right now talking about self or and the silver liberation army and silver star call and all these grassroots campaigns last year of course the crass a p morgan by silver now i see the some bloggers have taken up the cause tell us about by an ounce given ounce so 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 she called me this morning with some updates of people might want to check out their garden 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 an ounce given ounce it's

piggybacking on you're going to buy an ounce and take cheap you morgan down and she's basically saying you know you've got to understand that a physical realm doesn't equal paper realm and anyone applies announce your deal leveraging those bankers roth roughly one hundred to one and this is something you should own it's 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 not only maybe a barter transaction but as if you have so i like it piggy back again on what you started and she has your video up there again so maybe you'll start getting a lot of new people to wake up to max kaiser kind of answer to if you will haven't heard of you but you never know. them or of any manson that the race yeah physical silver to paper silver is about one hundred to one hundred times more paper at least i mean if you look at the derivatives markets out there and then you look at 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 the

physical that recently there was a smash of the silver price one hundred ten thousand paper contracts of silver were salt 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 warner very unusual i'm actions going to 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 that the paper to physical ratios roughly one hundred one and we usually have jeff out to the silver summit here in spokane every year and you get an interesting presentation last october a said you know really it's not one hundred one it's four hundred one and he put up the chart i actually have that for our members on the members part of the mortgage import but anyway point forward yes the smashed 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 the one trading sed session on the c.m.e. and yet the authorities just looked 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 c f t c won't control what their mandate says it should but to me i want to make the point that eric sprott started the p.s.l. be to physical silver trust. recently did a shell fall of one point five billion ounces not that long ago that shall probably go on and they issued about three hundred million dollars to buy roughly ten million ounces of silver when that physical chain 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 max i mean ted again shows the point of what you started with the buy an ounce take 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 it takes fifty five to one to get the system down the same amount of price and it shows you that buying something physical really has meaning well as far as these grass roots campaigns like passively morgan buy sell or buy an ounce given a chance that i've been involved with i've 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 above ground supply is here's what the demand is and this thing is going to go higher and of course that 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 but 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 silver bugs but 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 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 surprise she is probably the best investment over the next ten years and then he goes through his numbers which are very similar

to mine in the three reasons why what you can are similar and i really do believe that he put up a shelf 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 of the price but he could have bought roughly fifty million ounces or so really what 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 meaning is going to buy more physical so i see it is very bullish as i said and i think that we've got to go away or let's 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 alt 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 very many and that way we want our gold back and we see this all over the world venezuela repatriating all we see repatriation of gold now being talked about in switzerland what's this trend all about david morgan is a p are these countries finally waking up the fact that there have been physical nerve also they don't have it exactly and i think you were instrumental in getting people where that you know and now they're falling through the action you know it's all the schools not money any renee 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 and back to 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 truly private again they used to account for every asset and gold only in other words they didn't care what member banks again this is the top as this is the highest bank that exists at least to my knowledge the lives

of some black banks somewhere in 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 their spirit and good 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 record certainly in the new york fed i was in new york oh i don't know a couple years ago i twittered 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 i 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've been aware of it and how many people realize what explore all you know surface area this is relative to the whole planet gold is rare gold is scarce gold is valuable right now i imagine the p.i.a.'s 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 physicians in a derivatives markets because they are i try to keep track of these markets and that's where the data came out originally about taking organs three billion ounce of sorts they've got a balance see that looks like mount vesuvius the day before blows up if silver gets over fifty yeah j.p. morgan stock is worth zero that's worth what my work tells me what what is what do you see on that front david morgan. ok well i'm not the chicken argument max i first of all everything he said i agree with secondly i mean they're totally in soften they're totally broke right now i mean they are absolutely insolvent so how do you blow up a bank that's totally blown itself up already it's just no one seems to realize it other than those that follow 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 to print more funny money and try to cover it over but i don't think that i think that's very relevant of what eventually will happen i think more importantly is it doesn't have to get to that price the thing for enough people to wake up 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 bullion dealer friends need to hedge in the market because it's a margin business so hedged off their daily activity in a mine might hedge off a year or so but the hedge 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 silver habits pathetically explain i mean this is just ridiculous and again i go back to the authorities i mean where are these people you know it's obvious what's going on here they've been looking at missing for years now and they've yet to make a statement and this happens just recently in the last smash down again no comment

i mean i think people have people are waking up where certainly had it and just frustrates me they would morgan rather time but again thanks so much for being on the kaiser report thank you max it was a pleasure to be with you all right nothing to do it for this edition of the chasm report with me max kaiser and stacey had i thank my guests david morgan from haifa an investor that he is these guru make no mistake about that it's not the same e-mail at kaiser report r.t. t.v. that are you and the next time this is nice guys are saying bad. for.

i passed. the. world. science technology innovation called the list of bell immense from around russia we've dumped a few jerks covered.