three. three. three. videos for your media drug free media r g dot com. thanks for joining our team at half past the hour on karen's parents you with a quick look at your headlines the international envoy to syria says there's still time for the u.n. peace plan to work despite the willing that line while the russian foreign minister urges and on to more actively pressure the opposition towards a cease fire. the british prime minister and his japanese counterpart agreed to expand collaboration on defense of quitman in a move many see as mirroring washington's recent drive to boost its military

presence in the asia pacific region. and russia and poland remember the victims of the tragic plane crash near smolensk that killed the polish president at most of the country's political retreat years ago. up next join max and stacey as they spill the beans on why you are better off burying your money in your garden then you are investing it with the banks and market meddlers kaiser report is now. kaiser this is the kaiser report you've heard of urban blight but have you heard of market blith. her. 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 simle taina sleeping 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 had it on a forward basis through j.p.

morgan who in turn has itself in the commodity markets if you see only the hedges and our activity in the futures markets but you don'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 in fact that's not the case tool we have offsetting positions we have no stake in whether prices price or decline rather we're running a flat or erosive even though it's not she's lying of course we can go into all the different ways that she's lying but more importantly stacy blight has made a fatal mistake by by coming out into the public and exposing the fact that the silver market has a witch name was 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 go running a flat or relatively flat notch book 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 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 takes twenty million dollars of orders for a down cycle 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 of number of trades it takes to effect an uptick or a downtick and it changes pretty radically throughout the trading day and over a trading session and over a month but i have every single day this imbalance or it takes twenty million for

a downtick 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 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 calmly out there is that j.p. morgan is manipulating the metals market and from what you're outlining that is not possible because of the different sides of the business that you're in part of that's right good snowplow the business model would be wrong and we don't do it population is the very center of j.p. morgan's business model whether it's through and of global for example where they got caught red handed 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 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 warm buffet 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 personify it 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 bill i have 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 t.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 prices in the ten trillion dollars market traders outside the firm said he's dubbed the london whale and his name is grunow 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 prop trader in london out of control trading out of clients and committing massive fraud it 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. lehmann brothers of global the hypothecation or a up off occasion silver market manipulation all goes through blith all goes through london and we see that 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 minute. lation so if blithe master says no why do we need to late marcus how do i work 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 is a huge demand for these precious metals as the central banks flood the market with the 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 dacres short sell positions and they book some easy money is 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 and boss their ability to rape these markets daily as they're doing now and the silver liberation army now is that enough of enough were occupying 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.a. 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 you hold up to the vampire you hold

a soft of life masters the silver bullet we had great success last or to get to fifty now we're going to take it to five hundred now let's look at this all this way 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 and credit markets is some cases the trader is believed to have broken the index wall street lingo for the market dysfunction that occurs when a price gap opens index and it's on or 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 or you know you create

a reaction when you have a certain price in the marketplace this creates these are buyers or sellers and they know this so they know 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 has in the article about plies 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 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 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 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 or blowing their brains out thank you ply for master you murder her you put a bullet the guy said clive 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 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 life masters is not going to go down into a mine and go mining priscilla over 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 a backstop 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 say either give us another bill of 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 own real financial independence as opposed to being the pendant on the fed and on the government and being a slave being. did the declaration of pendants do you remember those words ok it's all about what is says the constitution realizes america's gold and so over already all the recognized and i say silver got another five hundred and we didn't kill it so let's look at this lucian between these top banks on 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 this stock market and how much of a drop it will take before the central bank comes to the rescue according to christian cross be chief market strategist have credentials in annuities 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 crucial 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 at eight pm and once i'm the monster eat in manhattan we're going to be rallying the troops they take silver 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 sober thanks much because a report thank you max but i'm much more coming away so stay right there. i

am actually welcome back to the kaiser report let's stay on those masters. in the studio he is the author of a 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 saks there's all these awful things like trying to get ahead of a p.r. curve by putting ball like out into the media what are your thoughts at this point oh my total quite simple you don't there's only one parishioner of like masters on

c n b c m's it was an interview made by both presenting and but she didn't spoke of the time before jim only and she spoke for the so she was the head of the the times this was the let's 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 morgan gave five million dollars to the interest of then for you know you know special lessons and diplomas about commodities you know i do cultural commodities mostly and this is absolutely fascinating yes she came out at first because they need to have students you know to learn how to manipulate the commode it is called just let me call it well it's a. you know. this is something very new basically and. 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 have taken two pounds of goldman sachs by the way it was the super position and foremost it was sort of a position in good position to disappoint the financial times roots huge articles to do so through about morgan position especially on the global scale go which i don't. you know this point cheaper morgan is not very good let's just remind you of the important point to come from pog who was the p.r. of goldman sachs. he has been fired because going forward for what's happening to president's going sex and who replaced. you know the information or good it was the previous p.r. of timothy geithner it's interesting all right so on this topic 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 that essentially they park on the balance sheet of the fed they don't really keep it on their own balance sheet but they 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 i'll get to that in 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 to prove that there's no inflation is the relatively subdued performance of gold and silver another commodities and yet when you take a step. back what you see where you find out is that blight who's the commodity head in a lot of katy morgan is buying commodities aggressively around the world simultaneously

to give them that opportunity they like to keep the prices still relatively cheap so that people are ticked off you know exactly ok so there's not a bad guy or mobsters diamond they're all in bed together and meanwhile cait j.p. morgan tells about the commodities that they're buying this in the end the university now that educate the next generation of j.p. morgan cult like the zombie neo liberal idiots could tell got a comedy position this is basically what you know if shown in the book is that black ministers she left the credit default swaps operation in two thousand and seven the current thought swaps she left she left the department 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 colleges 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 they're willing to go to the doctor is an orphan so she was going to store to buy i grew cultural commodities and this is exactly what you started to do in two thousand and seven and two thousand and eight and now. for example what i'm showing in the book is that she's buying wheat you know live cattle oranges. and of course sugar sugar in them are five and remember eleven and so forth and and not only she goes down for the better but she does that also for all the customers of j.p. morgan so this is extremely interesting because she's putting the whole world i mean she made think about that she made three million dollars in her. department 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 the extremely like a poor french revolution states because in the seventeen eighteen eight. are used to cross were the only ones to be able to buy limbs you know through to sell the commodities to a good coach or commodities know what it was think was due to morgan is that not only. her department or by all the cultural comedies and before world that's why for example you have seen you know last year the price of coffee you know jumping live between twenty and thirty percent more and you were paying i am paying and everybody was watching goes are paying your mortgage and not only think she's doing that 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 in their money even before you know a stake is mending in own kitchen you know think about

a sense of when the normal bank like thirty years ago since when did you go to a bank you know to buy a stake through you know into to buy some or some oil. orange juice the roofing i mean this is absolutely this is out of hand 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 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 now out out croaking and out tricking and larson mystically outperforming our counterparts at 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 me 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 like ford is not responsible if you get in the car accidents you know no i mean on that point is our ally. everyone's shooting nobody else just got the bullets he said oh i did the bullets i'd rather guy died i don't know why that guy that blows brains out maybe i could about it we have seen and there was a couple of web sites who have shown that we have seen last year and even true just before domestic g p morgan position and how they bought and hide their own loaded and when their position so that only at once every monday morning you know nine o'clock or some seven o'clock i don't remember but it was quite interesting so. blind masters point of view yes he didn't really and money i'm just even we wondering how deeply morgan and her department is making her money those were good points interesting because she's not going to make much money if she does don't do

that you know how did she mention her treat billion almost three billion dollars in cost for customers i mean it's very interesting but don't forget that she's doing that for fred also you know so i want to get back to the ancestors so we're going back to insisting also gold price should be suppressed surprise of course from 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 not so says 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 wrong hedging on hedges which are also had haves 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 just she perfectly knows what she's doing and of course don't expect black ministers you know come on t.v. on c.b.c.

specifically on to say yes we're going to hold our kit i mean of course especially now for the past twenty years if you had gone long gold and silver during market hours in asia and then short of it. 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 any allies over forty percent of the air you have outperformed off it so everybody because of this it market when she's asleep as actually normal market bet is heading higher when she gets up she pounds it on marsa play with her make it shorts and it brings it back down again exactly would have even seen better would have seen you know some memos from p.p. morgans research you know saying that gold is going to be really high by gold or refined you know so everybody can own just jumped on the original object and morgan said it was from gold so they all got gold and exactly like forty four days later you know the whole market would just kill that one so it's interesting i remember i

said on the radio this is truly dangerous because if the j.p. morgan is saying don't you should buy gold you know something is wrong you know definitely don't want to know the fed doesn't sound good cold north river and yes blood ministers don't forget she never spoke to any kind of media she never went to n.b.c. c.b.s. things etc she chooses exactly the moment when she would she wants to do the same and specifically right now she announced you know as we have seen she give five million dollars tradition diversity so which is interesting i do it was times when bands are telling to diversity what they should teach i mean this is weird yeah well she's like well this is a new word is upside down 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 new upcoming new york anyway pierre you're gonna make the name of the book is blight masters and let me say just once a very. there is a french painter who did. row a big painting of her and you will have the. surprise through to sure it's true and you. know if you show fantastico or look for it you are showing that the mona lisa exactly like. the mona screaming in pain because a blast got me by the short at least she became a very very famous icon she was the marilyn monroe of the financial crisis. all right i was going to do it then the book is black masters p.r. out of it you've also got one of the most listened to podcast and radio shows in france and that's going to do it for this edition of the kaiser report with me max kaiser stacy herbert i was like my guest we actually thought of a kind of sending e-mail please just reported our t.v.

that are you know it's like. well. technology innovation all the developments around. the future. it.