free. free. free. free. free books videos for your media project a free media. live from moscow this is our team. here yet. last syria over skirmishes between government forces on rebels on its border with turkish prime minister threatening a possible nato response that he says quote would have been better not to think about. the u.k.'s prime minister follows in washington's footsteps seeking to increase his country's military presence in asia through a weapons deal with japan and possible deployment of

a royal submarine. two years after the polish president's fatal plane crash in russia the two countries attempt to turn the page and their relations while some politicians in warsaw tried to ride the wave of grief into power. and now here in our joint max and stacey is they spill the beans on why you're better off burying your money in the garden rather than investing it in the market medalists because report has no. ties with. the light but have you heard of market blith. so you heard. our max she speaks blithely masters on the blogosphere silver manipulation gold x. clients and doing the wrong thing so this is blith masters the inventor of the

credit default swap and the head of the commodities trading at j.p. morgan a lot of concern has been placed though about j.p. morgan particularly its positions in the metals space and looking at your positions in silver we talked earlier about the volatility in the silver market can you talk about j.p. morgan's positions and price volatility and how are they related as i mentioned earlier a business is a client driven business where we execute on behalf of clients to achieve their financial and risk management objectives the challenges that commentators don't see all of that activity symbols heinously so just to give you a simple example we store significant amounts of commodities for example so over here on behalf of customers we operate votes in new york city in singapore and in london and often when customers have that metal stored in our facilities they hedge

it on a forward basis through j.p. morgan who in turn pages itself in the commodity markets if you see only the hedges and our activity in the futures markets but you aren't aware of the underlying client position that we're hedging then it would suggest in accurately that we're running a large directional position yes in fact that's not the case until we have offsetting positions we have no stake in whether prices rise or decline rather we're running a flat or a recipe now so it's not that she's lying of course we can go into all the different ways us use line but more importantly stacey. has made a fatal mistake by. coming out into the public and exposing the fact that the silver market has a which the name is by masters. and therefore we are going to new york we're going to be in new york april twelfth at eight pm et one seventy eight mob street to rally the silver liberation army in new york city to new york we go well

let's speak specifically about the life she presented here she said that we have no stake in whether prices rise or decline rather we're running a flat or relatively flat matchbook so what she's saying by saying we have a match book is that they have no net proper exposure i.e. they haven't broken the volcker rule so you are the inventor of the virtual specialist technology which is a market maker technology is he just saying claiming to be a market maker and that it's all just providing liquidity and no big deal most years long or for example it takes twenty million dollars of orders for a down to make it takes one hundred million dollars of dollars for an uptick but that's a completely lopsided market has been that way for years you know the market should have some kind of relative dynamism where yes there is an imbalance and number of trades it takes to affect an uptick or downtick and it changes pretty radically throughout the trading day and over a trading session and over

a month but to have every single day this imbalance or takes twenty million for a down sake of one hundred million for an uptick that shows complete manipulation they have both sides of the book they are completely on the sell side with her naked credit default swaps and then she's asked specifically that while people in the blogosphere are saying that you manipulate the silver market and here her answer let's turn to this video again max because what is commonly out there is the j.p. morgan isn't it pilate ing the metals market and from what you're outlining that is not possible because of the different size of the business that you're a part of that's right it's no part of a business model it would be wrong and we don't do it but manipulation is the very center of j.p. morgan's business model whether it's through the end of global for example where they got caught red handed the pending lawsuits in london. j.p. morgan is a name for manipulating the silver markets the very strong winds j.p. morgan has had to pay over the past twelve twenty four thirty six months for market

manipulation you know there's their model their model is market manipulation otherwise they would not be able to take these outsized bonuses and extracted from the market as they do unless that they are perpetuating some kind of fraud as even one puff and as said if you're making more than two times the rate of inflation you're stealing he says it and jamie diamond and black masters personified they personify after the last of the six psychopaths and we're going to new york and we're going to get this over liberation army rally these troops and we're going to march on these crooks ok so max here blyde claims they never would j.p. morgan take a position especially against their clients so let's turn to a headline where the very same day this came out j.p. morgan trader accused of breaking c.d.s. index market with a massive proposition if you morgan chase trader of derivatives linked to the financial health of corporations has amassed positions so large that he's driving the price loose in the ten trillion dollar market traders outside the firm said

he's dubbed the london whale and his name is bruno excel in the london desk of j.p. morgan as you point out the very exact same day that life masters are saying that o.j.p. morgan doesn't take positions out of the clients of the product because that out of control here is a huge profit rate or a london out of control trading out of clients and committing massive fraud right next of life masters and of course london and life in london are where most of the frauds take place whether it's a g.e. lehmann brothers and of global the hypothecation re-offer occasion silver market manipulation all goes through blith all goes through london and we see the time and time and time again well in particular the silver market manipulation is alleged to happen specifically through london this is what andrew maguire argues this is how he was able to front run j.p. morgan's own minutes. lation so if life master says no way do we manipulate markets how we're a team of traders able to front run them if there was no plan behind what they were doing right well silver and gold are for life and these props freighters

a source of funds they know that there is a huge demand for these precious metals as the central banks flood the market with cash so there's a natural upward bias and every once in a while they come in there and they clip the wings of silver and gold at these massive bankers short sell positions and they poke some easy money it's easy money it's a source of funds but there is nevertheless the possibility and the potential for individuals to buy silver physical take it off the market in boston or ability to rape these markets daily as they're doing now and this overall russian army now is that enough of enough or occupy wall street is basically had its day the silver liberation army is the next chapter you know we're taking it now to the next level forget occupy occupy is had its day the s.l.s. the s.l.a. is now this year's today right now and the great thing about the s.l.a.

is that the silver it was ron paul showed you hold it up to the vampire you hold the salt of life masters the silver bullet we had great success last year to get to fifty now we're going to take it to five hundred now let's look at this other issue at the ten trillion dollar market this credit default swap market investors complain that bruno excels trades may be distorting prices affecting bond holders who use the instruments the heads hundreds of billions of dollars the fixed income holdings analysts and economists also use the indexes to help gauge perceptions of risk in credit markets in some cases the trader is believed to have broken the index wall street lingo for the market dysfunction that occurs when a price gap between index and it's on our lying constituents yes we have explained that on this. many times we call that price propaganda when they affect the perception of price when they range the index as it relates to the

market they create a response like pavlovian dogs you know you create a reaction when you have a certain price in the marketplace this creates days or buyers or sellers and they know that so they exactly what's being talked about here you use your outsized influence in these markets to create a price that effects propaganda that creates propaganda and as their heads in the article about blythe was questioning whether or not they were working on behalf of the fed here the same thing you see j.p. morgan london manipulating the c.d.s. market altering people's perceptions of risk in the credit markets we saw the same thing with a libel rate altering people's perceptions of risk in the in the credit markets now clearly the bank of england the u.s. federal reserve bank the central bank of europe they don't want people to perceive there to be any risk but they don't want people to perceive there's only inflation so they keep interest rates near zero percent that's part of propaganda meanwhile energy and food are going to all time highs now people say well what's the

difference if they're really the price on the up side of the downside they're still making money the difference is that at the end of the day they're flooding these markets with currency and causing massive inflation and loss of purchasing power and negative real interest rates and lending to people like in athens or blowing their brains out thank you fly faster you murderer you put a pool the guy said life ok now when you takes over the five hundred what happens we get rich it's our money we get to reestablish our money is more important than that because as all of these traders in the c.d.s. market london are saying all this hedge funds hundreds of billions of dollars under their control and they're being forced out of the market by a giant whale who has the entirety of the federal reserve balance sheet the entirety of the bank of england. and she on their side they could do what they want they could smash you but at the end of the day life masters is not going to go down into a mine and go mining for silver gold but let me a little clue about something they have the vast resources of the market as you

just expressed they have near zero percent interest rates and they have the backs up with a central bank and they use this to commit fraud and it's time they make a mistake they put a gun to the head of government and say either give us another bail out or going to kill the economy i'm saying put an end to that cycle if you take silver to five hundred dollars and you take people's gives them the chance to own real financial independence as opposed to being penned in by the fed and on the governments and being a slave being independent did the declaration of independence do you remember those words ok it's all about what it says the constitution united states of america gold and silver are the only recognized but i say so has got another five hundred and we can do it so let's look at this clue ssion between these top banks and the fed how they work together to distort our perceptions of what we see around

us why the fed will intervene if stocks fall too far this is in the dow jones market watch ok this is the same sort of publication that would mock the occupy wall street socialists here they are saying investors looking for more federal reserve intervention can pretty much ignore the economic data i.e. the people don't matter and train their sights on one area the stock market and how much of a drop it will take before the central bank comes to the rescue according to christy crosby chief market strategist have potential an annuity mr bernanke and former fed chair alan greenspan made it clear that the stock market is the transmission mechanism for monetary policy so here you have it the proof of why j.p. morgan. would be manipulating silver prices people laugh and say it's a conspiracy but here you're seeing openly oh well it's accepted that the price is transmitting monetary policy for

a very select group of people who are benefiting from this private inflation that completely does a bypass around wages that's why when i'm in new york on april twelfth at eight pm and one sunday at monster rate in manhattan we're going to be a rally the troops take takes over to five hundred this is the next chapter and all of these people like blith and ben and jamie are going down all right stay here with thanks much because the report thank you max dudley much more coming away so stay right there.

i am max foster welcome back to the kaiser report let's stay on this blight masters. in the studio he is the author of a life masters the air the spider has come out of her mast she's made of public appearance on television tell us is this to try to deflect some p.r. away from for example goldman sachs and greg smith came out with that letter he said almost saks there's all these awful things is they trying to get ahead of the p.r. curb by putting ball like out into the media well your thoughts at this point oh it might also quite simple you know there's only one parishioner of like master

response in d.c. and it was an interview made by both bizarrely and the but she didn't spoke at the time for cheaper morgan and she spoke for the so she was the head of the time this was doing let's a do only mainstream interview of her and that was like four years ago four or five years ago and no suddenly she came out. to talk about. diversity you know they gave. gave five million dollars to the interest of them for you know special lessons and diplomas about commodities you know i do cultural commodities mostly and this is absolutely fascinating just she came out first because they need to have students you know to run how to manipulate the commode it is called just call it lets them. you know. this is something very new basically and this certain point is that we started to see

a very bad press about g p morgan also who. owned the point of view j.p. morgan have taken two pounds of goldman sachs by the way it was the super position for most people sort of a position of good position i think this point the financial times roots articles to do so through about j.p. morgan position especially on the global scale no which i don't know us well good points cheaper american is not very good let's just remind you a good important point to come from pog who was your of goldman sachs as he has been fired was been fired for what's happened in two presidents goldman sachs and who replaced. you know the information are good it was the previous p.r. of timothy geithner it's interesting all right so on this topic of incest let's

talk about measuring geitner. life masters and jamie diamond i mean let's keep in mind that j.p. morgan has ninety trillion in derivatives is that essentially they park on the balance sheet of the fed they don't really keep it on their own balance sheet but they've never lost control at their simultaneously you've got this issue of market making the she claims to be involved with on all manner of markets including global commodity markets i'll get that a second simultaneously you've got ben bernanke who goes out and testifies in congress that he doesn't see any inflation out there and of course there's more of the data points you point to prove that there is no inflation is the relatively subdued performance of gold and silver and other commodities and yet when you take a step. back what you see when you find out is that blight who's the commodity head in a lot of j.p.

morgan is buying commodities aggressively around the world simultaneously to give them that opportunity they like to keep the prices still relatively keep sick so that people are ticked off you know exactly ok so there's a thread tighter masters diamond they're all in bed together meanwhile j. j.p. morgan tells about the commodities that are buying this and the university doubt that educate the next generation of j.p. morgan cult like the zombie neil liberal idiots can tell but the comedy position because this is basically what you know if shown in the book is that blight ministers she left the credit default swaps operation in two thousand and seven the credit of all swaps right she left she left a disappointment and she took over. the commodities department of j.p. morgan which which was extremely tiny at the time j.p. morgan didn't have any kind of history i mean strong history in the communities and

she started to to say that. in crisis moments you know people will always need to buy or there will need to feed you know who are willing to go to the doctor's unnerving so she was going to store to buy i grew cultural commodities and this is exactly what historically to do in two thousand and seven and two thousand and eight and now let's say for example what i'm showing in a book is that she's buying wheat you know live cattle. and of course sugar sugar and there were five and remember eleven and so forth and and not only she does not for the bank but she does that also for all the customers of j.p. morgan so this is extremely interesting because she is putting the whole world i mean she made think about that she made three million dollars in her. department chair just blew out goldman sachs you're all i mean j.p. morgan point of view she did

a tremendous job snow and you know that's that's for sure but this is what we have seen together like one year ago i think is that we are now you know extremely like a poor french revolution states because in the seventeen eighteen eight. d'arista crowds were the only one to be able to buy limbs you know and to sell the commodities to agricultural commodities and know what we're seeing with you can morgan is that not only. her department or by all the control common disease in the whole world that's why for example you have seen you know last year the price of coffee you know jumping were between twenty and thirty percent more and you were paying i am paying and everybody was watching you guys are paying your mortgage and not only think she's doing down for everything and this is something new because we're going back in history you know banks are buying our commodities they're taking you know their money even before you know

a stake is mending you know kitchen you know think about a sense when the normal bank like thirty years ago since when did you go to the bank you know to buy is take true true true true true by some some oil. cereals orange juice and everything i mean this is absolutely this i would have found ok so you're not you know buying from the market anymore you're buying from the bank the bank now controls these commodities they own majority interest in these commodities there's also a thing as price discovery anymore there's no free market anymore there's no supply and demand anymore there's only the monopoly position of j.p. morgan all these commodities the biggest commodity desk in the world of life masters now out trucking and out trucking at large this tickly outperforming our counterpart it goldman sachs she says they're not making any money and that they don't manipulate markets well for her point of view you know as you would you know

let's just remind something she said early in the credit default swaps you say that she's not responsible you know she's like the colts you know who or she like ford is not responsible if it gets in a car accidents you know no i mean on that point she literally firing line. everyone's shooting you know nobody knows he's got the bullets he said all i know the bullets either out like i got i don't know why that i doubt this blows brains out maybe. about it we have seen. a couple of web sites who have shown that we have seen last year and even through just before the massive g p morgan position and how they bought and hard that i don't know that there are under way in their position and suddenly at once every monday morning you know at nine o'clock or seven o'clock i don't remember but it was quite interesting so. blind master's point of view is he she didn't really and money i'm just even be wondering how do you find morgan and her department is making her money those were good points interesting because this is not going to make much money if she don't do it out you

know how did she mention her trade billion almost three billion dollars in cost worth over customers i mean it's very interesting but don't forget that she's doing that fortified also you know so a lot to get like this s. so we're going back to it's as gentle through a gold price should be suppressed surprise of course should be suppressed she showed already you know last year how she killed at the supermarket you know we have spoken about it so this is nothing new but not so says she's always acting like. you know like a young unturned. you know we're doing a fine job you know we're doing nothing wrong we're hedging on hedges which are also hedged on edges and just i mean it's quite interesting i like i like very much her naive. poor as we say in french but she's not brave that's all she does she perfectly knows what she's doing and of course don't expect blood maestros you know

come on t.v. on cindy specifically and to say yes we were the whole market i mean course there's something after the past twenty years if you had gone long gold and silver during market hours in asia and then short it. blights were up and running and conscious and had a cup of coffee when it's being pounded by her manipulation and you have analyzed over forty percent a year you have outperformed profit so rose everybody because of this it market when she's asleep as actually a normal market that is heading higher when she gets up she pounded on marsa play with her naked shorts and it brings it back down again as it would have even seen better would have seen you know some memos from j.p. morgan's research you know saying that gold is going to be the high buy gold or refrain you know so everybody can all just jump on the you know obviously morgan said we should buy gold so they all got gold and the second i forty four days later

you know the full market would just kill that one's burn so it was very interesting and i remember i said on the radio just as true dangerous because if the j.p. morgan is saying don't you should buy gold you know something is wrong you know definitely as you know the fed doesn't stamp their gold gold nor super and yes blood ministers don't forget she never spoke to any kind of media she never went on n.b.c. c.b.s. it's a row she choose exactly the moment when she when she wants to be seen and specifically right no she announced you know as we have seen she gave five million dollars to tradition versity so which is interesting why do we have signs when banks are telling to diversity what they should teach i mean this is weird yeah well she's like you know this is a new word is not so i don't it's a reverse vampire she's active during the day but the silver bullet is still capable of killing the vampire and you know if the physical silver is taken off the

market we can still kill this vampire dead which is the point of a my trip to an upcoming new york anyway pierre you're gonna make the name of the book is polite masters and let me say just one sliver. there is a french painter who did. a big painting of her. do we have the. surprise to show it's true it. was going to show fantastic i look forward to showing that saw at the mona lisa exactly like the good the most a screaming in pain echoes a blast coming by the store to police she became a very very famous i can choose to move to financial crisis all four. are welcome to do it then the book is black masters fear of all of that he's also got more of the most listened to podcast and radio shows in france and that's going to for this edition of the kaiser recall with me max kaiser and stacy herbert i would like my cast b.r.g.

font of akin to send an email please use all kinds report it r t t v dot are you into lifetime nice guys are saying. home. mom.