this is our t. here are your headlines international envoy kofi annan says there's still time for the un peace plan to end the bloodshed in the country to work. with skepticism in western and arab states over the looming deadline russia's foreign minister has. pressure on the opposition to implement the cease fire. the british prime minister and his japanese counterpart agreed to expand collaboration on defense equipment

money so you have movers and mirroring washington's recent drive to boost its military presence in the asia pacific. and russia remember the victims of the tragic plane crash near small against the killed the polish president and most of the country's political elite two years ago separate investigations by both moscow and warsaw concluded bad weather and pilot error what's it like. join max and stacy as they are spilled the beans on why you're better off burying your money in your garden than investing it with the banks and the market medlars because you report now. with this is the kaiser report urban blight but have you heard of market blith. you heard. our max she speaks blithely masters on the blogosphere silver

manipulation gold x. clients and doing the wrong thing so this is blythe 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 project it's 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 half 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 hedges 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 inaccurately that we're running a large directional position in fact that's not the case tool we have offsetting positions we have no stake in whether the price is right 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 that she's lying but more importantly stacy. has made a fatal mistake by a by coming out into the public and exposing the fact that the silver market has a witch name was masters. and therefore we are going to new york

we're going to be in new york april twelfth at eight pm at 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 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 she just say claiming to be a market maker and that it's all just providing liquidity and no big deal most years long or for example takes twenty million dollars of orders for a down stake 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 unbalanced of number of

trades it takes to effect an uptick or a downtick and it changes periodical you 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 to get 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 well 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 that j.p. morgan is and manipulating 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 redhanded the pending lawsuits in london. j.p. morgan is named for manipulating the silver markets the very spines of j.p.

morgan has had to pay over the past twelve twenty four thirty six months for market manipulation you know there's no 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 that as even one prophet has said if you're making more than two times the rate of inflation you're stealing he says it and jamie diamond and life masters personified they personify fast there is no larcenous 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 blithe claims that 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 can morgan chase trader of derivatives linked to the financial health of corporations has amassed positions so large that he's driving

price moves 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 the life masters are saying that o.j. p. morgan doesn't take positions out of the clients of the product esther's that out of control there's a huge prop traitor in london out of control trading ahead of clients and committing massive fraud at 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 m.f. global the hypothecation pop occasion silver market manipulation all goes through blith all goes to london and we see the time and time and time again well in particular the silver market manipulation is alleged to happen politically through london this is what andrew maguire argues this is how he was able to front run j.p. morgan's own manip. lation so if life master says no way do we manipulate markets

how would our 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 prop traders a source of funds they know that there's a huge demand for of 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 these massive bankers short positions and they look so 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 ability to rate these markets daily as they're doing now and the silver liberation army now is that enough of enough were occupied 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 bestseller 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 heroes ron paul showed ben bernanke he hold it up to the vampire you hold the salt of life masters the silver bullet we had great success last are taking it to fifty now we're going to take it to five hundred now let's look at this other scituate 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 their instruments to hedge 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 is from 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 show. 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 a user 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 there i had to 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 the libel rate altering people's perceptions of risk in the in the credit markets now clearly bank of england the u.s. federal reserve bank the central bank of europe they don't want people to perceive there could 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 propaganda meanwhile energy and food are going through all time highs now people say well what's the difference if they're manipulate the price of the upside 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 who are blowing their brains out thank you blight master you murder her you put a bullet the guy's head clive ok now when you take so to five hundred what happens we get rich it's our money we get to reestablish our money and way more important than that because as all of these traders in the c.d.s. market in 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 lies masters is not going to go down into a mine and go mining for silver i mean look look let's be clear 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 backstop of the central bank and they use this to commit fraud and any time they make a mistake they put a gun to the head of the government say either give us another bell we're 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 old real financial independence as opposed to being penned in the fed and on the government and being a slave being in do a pen did the declaration of independence you remember those words ok it's all about what he says the constitution united states of america told and so for our view only recognizability and i say so who's got a five hundred and we can't do it so let's look at this clue sion between these top

banks on the fed how they work together to distort our perceptions of what we see around us why this thread 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 cross be chief market strategist have potential an annuity mr grantee 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 saying 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 i'd be added one seventy eight ma street and manhattan we're going to be rallying the troops they takes over to five hundred this is the next chapter and all of these people like bly have been ben and jamie are going down all right stay sober thanks much because a report thank you max but i'm much more coming away so stay right there. i'm

sort of the prize winner. convicted controversial. after thirty years on death row. i'll be just speaks to our team. i am actually welcome back to the kaiser report let's stay on this masters i have a lot of ache in the studio is the author of the life masters the air the spider has come out of her nest she's made a 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 saxes all these awful things are they trying to get ahead of the p.r. curb by putting a goal like out into the media what are your thoughts at this point it's also quite

simple you know there's only one parishioner of like masters in d.c. and it was that interview made by beauprez only and she didn't spoke at the time before she promoted and she spoke for the so she was the head of the times this was the let's say the 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. university you know they gave me morgan bank gave five million dollars to do interest in denver you know you know special lessons from diplomas about commodities you know i do cultural commodities mostly and this is absolutely fascinating yes she came out first because they need to have students you know to learn how to manipulate the commode it is called this is called well let's you know . this is something very new basically and the second point is that we

started to see a very bad press about g.p. morgan also and on the point of view j.p. morgan how they can do pounds of goldman sachs by the way it was a super position and foremost. was it from a good position to disappoint the financial times groups or to cause to do sue about morgan position especially on the global scandal which i don't. you know this point. is not really true let's just remind you of the important point to come from pog who was your of goldman sachs. he has been fired because going forward for what happened to president goldman sachs and who replaced from current you know in the information route it was the previous peer of timothy geithner it's interesting all right so on this topic of incest let's talk about

measuring geitner. life masters jamie diamond i mean let's keep in mind that j.p. morgan has ninety trillion in derivatives he was 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 nevertheless control it there simultaneously you've got this issue of market making that she claims to be involved with on all manner of markets including global commodity markets we'll get to that in a second simultaneously about 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 to prove that there's no inflation is the relatively subdued performance of gold and silver and other commodities and yet when you take a step back what you do you find out is that blights who's the commodity head in

london of j.p. morgan is playing commodities aggressively around the world simultaneously to give them that opportunity they like to keep the prices still relatively cheap so that people are tipped off you know recently ok so it's businessmen. masters diamond they're all in bed together meanwhile j.p. morgan tells about the commodities that are biased in the ever university now that educate the next generation of j.p. morgan cult like the zombie neal liberal idiots that held out a commodity position you know this is basically what you know i've shown in the group is that black ministers she left the credit default swaps operation in two thousand and seven the credit default 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 colleges and she started to say that. in crisis moments you know people will always need to buy or oil they will need from pete you know they're willing to go to the doctors in irving so if she was going to store to buy a group purchaser all commodities and this is exactly what she started to do in two thousand and seven and two thousand and eight and now let's say for example what i'm showing in the book is that she's buying wheat you know live cattle orange juice. and coffee of course sugar sugar number five and remember eleven and so forth and and not only she does not for the better 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 she

just blew out the goldman sachs girl 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 in extremely like a poor french revolution states because in the seventeen eighteen eight. our wrists across were the only ones to be able to buy lambs you know and two to sell the commodities to agricultural communities you know what it was seeing was due to morgan is that it's not only. her department or by all the group regional communities 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 nor and you were paying i am paying and everybody was watching those are paying monuments not only thinks 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 their money even before you know a stake is mending in the 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 a stake through your own through to buy some some oil. orange juice so there are things i mean this is absolutely this ok so you're not buying from the market anymore you're buying from the bank the bank now controls these commodities they own the 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 out life masters that out out out trucking and out trucking and larson mystically outperforming her 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 regarding the credit default swaps you say that she's not responsible you know she's like the colts you know who or she is like ford is not responsible if you get in the car i suppose you know no i mean on the point is this is our ally. everyone's a shooting and those just got the bullets he said oh i know the bullets i rather guy died i don't know why that guy that it blows brains out maybe i could about it we have seen and there was a couple of websites who have shown they would have seen. even true just before the massive g.p. morgan position how would they vote and hard at all o. that they were under their position so the only at once every monday morning you know at nine o'clock or some seven o'clock i don't remember but it was quite interesting so. blind myself going through a few years he didn't really and money i'm just even wondering how you can morgan and her department is making her money there's

a very good quite interesting because this is not going to make much money if she don't do that you know how did she mention her tree billion almost three billion dollars in customer service customers i mean it's very interesting but don't forget that she's doing that for the fed also you know so i want to get like this so we're going back to insist and also through the 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 with blood masters this is she's always acting like. you know like a young. american you know we're doing a fine job you know we're doing nothing from 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. as we say in french but she's not naive at all she's perfectly knows what

she's doing and of course don't expect black masters you know come on t.v. on skin disease specifically and say yes we're going to hold market i mean course especially now for the past twenty years if you had gone long gold and silver during market hours in asia and short of it. and blights were up and running and conscious and had a cup of coffee when it's being pounded by her manipulation and you would have analyzed over forty percent a year you have outperformed buffet so everybody because of this market when she's asleep is actually a normal market that is heading higher when she gets up she pounds it on mercifully whatever make it shorts and it brings it back down again as it would have even seen better we have seen. some memos from p.p. morgan's research you know saying that gold is going to be a high buy gold or a friend you know so everybody's going to jump on the r.g.p.

morgan said we should buy gold so they all got gold and exactly like forty four days later you know the whole market which is killed that one's gone so it's interesting and i remember i said on the radio this is truly dangerous because if the g.p. morgan is saying don't we should buy gold you know something is wrong you know definitely go and as you know the fed doesn't sound good old little silver and you just like ministers don't forget she never spoke to any kind of media she never went on n.b.c. c.b.s. things etc she choose exactly the moment when she would she runs to the scene and specifically right no she announced you know as we have seen should give five million though it was true disinterested to do so which is interesting by doing those signs when banks are telling to converse and to what they should teach i mean this is weird yeah well she's like this is a new word is absurd you know it's a reverse vampire she's additive 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 my trip to the upcoming new york anyway pierre you're gonna make the name of the book is black master and let me say just one sort of very. there is a french painter who did. a big painting of her and. we have the world surprise sure it's true and he was going to show fantastic i look forward to showing us all like the mona lisa exactly like. the mona screaming in pain echoes of blacks got me by the short at least she became a very very famous icon she was doing. the financial crisis. all right i was going to do it they were both black mass or three or. more of the most listened to podcast and radio shows in france and that's going to for this edition

of the kaiser report me max keiser and stacy herbert i would like my guest here to kind of make you want to send an email please just report it r t t v dot are you into lifetime as. well. technology innovation all the developments around. the future. i. am. from.

home. mom.