us two years ago the same category was measuring point four billion us so you can purchase j.p. morgan concentrated short position and silver has doubled in the last two years here they are twice as vulnerable as they were two years ago now the price of silver is up thirty percent since the launch of the campaign but they have had to double the size of their short position in order to keep the price they're now in warfare a large part of winning the war is psychological and they have indeed pushed back the silver liberation army for a while because people are disheartened that the price has not gone up and they just focus on the price rather than the reality of the metrics who's losing ground and if they're doubling their silver position you know it's they who are vulnerable but it's a perfect illustration of what we're talking about several liberation army started

on their show two years ago because we're running the world that we're running the global markets are running the goalless over market thanks to me countries around the world of increase their gold reserves substantially the thirty percent rise in silver of thanks to you for taking it off the market has resulted in the doubling the liability doubling their liability now going forward this year will bring the price of silver up one hundred percent let's go for the low thirty's to the low sixty's that would mean morgan would have to increase our liability exponentially from there which means are going to lead on the fed again which means they got to print more dollars again which means that the wicked witch of the u.s. dollar the the currency that is the devil's current seeing is a blend right out of existence this is a cost to keep the devil out of the universe the u.s. dollar is the devil's currency we didn't buy physical take it off the market they're writers. and as we like every day max ok jamie. i

mean j.p. morgan is twice as vulnerable to the silver shore as they were two years ago we launched this campaign now as i said it was psychological but on part of the warriors of the s.l.a. as well were amber you had that campaign as well somebody took out this billboard in times square five hundred dollars silver if you want to that's right it was john lennon put up a billboard in times square five hundred dollars over it if you want it thank you john so now we guarding this five hundred dollar silver price i think i want to ask rob kirby now we're all but what do you think about this can we take silver to five hundred dollars we're skating we're skating on really say tonight one of these days the ice is just going to break and we're not going to just fall into cold water we're going to fall into a bar and was pissed and you see we can achieve five hundred dollars silver in stream a short period of time if great stuff but in the meantime we're still skating on thin ice what is the ice going to break you know the further away from sure you get

you know. the bigger the likelihood is you're going to go through thin ice yes rob kirby makes a good point you know here's an example take a bungee cord and attach it to a cement block and pull it up an incline of approximately forty five degrees where you notice is that you pull on the bungee cord pull the bungee cord pole the bungee cord and then whammo slam the block suddenly moves not in an incremental little inch again but up up up up the present server goes to sixty seventy eight hundred dollars an ounce. the prices soar goes to two hundred three and four hundred five hundred dollars an ounce who's pulling on a bungee cord well i know that's a very interesting image i just presented to you in teeny land but don't read too much into it think of it like this the central banks are simply pulling on a bungee cord pulling on the little bungee cords by printing massive amounts of

money to support the bond market and keep the price of gold and silver artificially straight that brought down the price skyrockets if you're not positioned ahead of time you know to look terrific. and by the way we're wearing the gold anthem here because we're talking to james turk of gold money in the second half but also i did notice looking through the shops to say for a silver top that there is a ratio fifty three to one gold tops the silver tops and kind of where is what's going on in the silver and gold markets right now when usually the ratio is sixteen to one it's right now fifty three to one and that's something else that kirby says is is a vulnerability to the silver price you know it's going to go up don't only in silver and gold become scarce but so are these jackets baker and so up with a jacket like this call now supplies are going fast so this crash j.p. morgan buy silver did ignite

a generation silverball goes viral with marketing war max keiser has become a fringe media star thanks to the web excuse a round what's strange about four hundred fifty million viewers worldwide fringe maybe that's media so they talk about your campaign to crash a few more going by silver it's gone viral they say thanks to his effective viral campaigning his youtube clips have been viewed hundreds of thousands of times got a pope and a following who knew preaching silver it seems can make you a mini media star so i want to look at some of the again exact instructions with the word mending ok we're talking about four hundred fifty million viewers millions of rooms and airport lounges around the world you know you are waiting for a flight right now launching there's still gives you another and better to do well let's look at some of the viral videos that he refers to this is a video crash j.p. morgan by silver max kaiser versus jamie diamond from tofu married to has over eighty two thousand views max and the synopsis threes as such jamie diamond played

by hitler learned said j.p. morgan is bankrupt due to the success of max keiser crash morgan by silver campaign no more silver no more hookers all is lost this scene is from the german. the downfall. if you will. going to. try and i'm going to get you because design under the most you can understand is mr ford. right and we know the ending hitler or in this case jamie diamond takes out a litter employs a second brains out. every story it's a happy hollywood ending. so you know you came up with the slogan crash j.p. morgan by silver and i want to look back in history because actually these sort of slogans have actually achieved major major success and that was stop the duke go for gold and john butler of m. for capital who we recently interviewed on keiser report he's the one who first in lightened us to this movement this was a campaign started by the middle class of britain prior to the eight hundred thirty

two reform act which saw basically the house of commons reforms more representation given to the new industrial cities and less given to the what do they call them the rotten boroughs who were very few but the rich live brooklyn. so however it took three goes to get this reform act in there were protests all sorts of occupations things happening but no change happens until some protesters advocated nonpayment of taxes and urged a run on the banks saying stop the duke go for gold one point five million pounds with was withdrawn from the bank of england and right away max this reform act was introduced finally the duke of wellington stood up introduce this bill and it passed the people's run on the bank and work historically shows that it works people say that this can't work don't know to talking about don't know history and

are turncoats and tyrants working for the other side so we have crashed by silver stop the duke go for gold and for the last year and a half or so we've had occupy wall street there is no other objective to it that they've said now we do strike the occupy wall street movement finally figured out the second half of the purpose for being on the surf and that is to retire debt from the folks that are imposing the people's bail out the vulture capitalists that's right the people's bail out they've got the people who are retiring the debt so it's tried. debt so they campaign or the people's bailout or the rolling jubilee so it's occupy wall street striked it now know now they have a second head of their rolling there's no stopping the occupy movement and finally on silver this is bad news for jamie dimon bad news for blith mass is bad news for j.p. morgan which has doubled its short position in silver to eighteen point five billion

that's not counting their naked shorts by the way silver price increase four hundred percent in three years this is from the telegraph and they point out that the silver bull run will continue says investment specialist ian williams of charters treasury silver is about to enter a sustained bull market that will take the price from the current level of thirty two dollars an ounce to one hundred sixty five dollars an ounce and we expect this price to be hit at the end of october twenty fifth teen that's right sowers about to enter a bull market phase the movement right currently from five dollars to thirty two dollars us just a warm up that's just a little warm up act a little a little a little more baby for the main course the main bull market action to five hundred dollars announced a server thanks so much for being the times report thank you max and kras j.p. morgan silver stay tuned for the second half of the show we'll be talking to the one the only james turk.

in the free. education free. or charge of free. range free. free studio time free. download free blogs just plug in video for your media projects and free media and dog r t v dot com you. get are sometimes you see a story and it seems 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 knew you don't know i'm tom harpur welcome to the big picture. eaves it's. easy. to. see. most of the. science technology innovation all the latest i'm elements from around russia we've got those huge earth covered.

resistance not politics but a culture i. just couldn't get. on it so. years of resistance on our team.

welcome back to the kaiser report i'm asked as a special treat for a special episode time out of stock to the first person i ever enter viewed as a financial news reporter james tarak of gold money dot com james welcome to the kaiser report thank you max great to see you in person good to see you too all right james when we first talked to you going back a few years gold was at six hundred dollars an ounce very few people were talking about gold because my fact if you remember it was like a shining gold it's now over seven hundred dollars an ounce a whole lot more people are talking about gold tell us about the psychology of what's going on in the that's brief history yet people are starting to understand gold better than they were you know five six years ago when we spoke for the first time and you know this is a process that's what

a bull market is all about to go through three stages the first stage is apathy nobody's paying attention even though gold is good value the second stage happened when we went over a thousand dollars and now it's more people are starting to pay attention to go pressure continues to rise to third stage which is the speculative stage is still years in the future now starting in two thousand and nine james huge shift in the market central banks went from being that sellers of belts and that buyers of gold mexico and proving their gold position enormously korea and norma's like some central banks sovereigns are buying gold at the same time a lot of repatriation of gold germany looking to repatriate gold and a lot of people asking is there gold really there so now there's a scramble at the highest levels what's your take yeah you know i think it's understandable you know where we are in this again this process of a bull market people understand that gold is a valuable asset particularly from a central bank level it's a reserve asset you know years ago when we were on the gold standard it made sense to store a country's gold in different locations around the world because they used cool to

actually complete payments in international trade but that stopped in one thousand nine hundred seventy one so there's no need to store a country schooled in different locations. around the world gold now acts as a reserve protection in case of currency collapse a rainy day or whatever and in order to control it you have to have it in your own country let me stop you right back to that's an interesting point you're saying that the gold standard classical gold standard even the gold exchange standard told us how the various banks and as trade deficits. gold would switch around and the back room to square the accounts and that's how it was used but now we have potentially currency crisis and it's not about gold standards about countries scared to death that their currency is about to collapse as we've seen now in a few countries so if you don't have any or contrary you're out of luck yes exactly you know owning gold is one of the pillars of a country's sovereignty and to control it you actually have to have it in your own wallet so it's not too surprising that the germans are starting to look to repatriate their go back to germany given the uncertainty in the problems that we

see with the euro all right now of course gold's wacky cousins silver and i say wacky cousin because not impinge the integrity of silver but because it is volatile the trade and the percentage moves are a lot greater than gold and so this is a it's a wild ride now the ratio of gold to only fifty three to one tell us about what that ratio is and is that kind of out of line with history. you know owning gold is like flying the seven forty seven owning silver is like flying in an f. sixteen that's the difference but they're both going in the same direction and they're both ultimately going to have a lot higher so it's a question of which one you want to play or ride in order to get to that final conclusion but this ratio sixty fifty to one at present it's an indication that silver is cheap relative to gold and again this goes back to the point that there are different stages in the bull market silver still in stage one it won't get into stage two until it goes over fifty dollars an ounce and then people are going to start understanding silver better and basically silver is

a substitute for gold fifty three ounces of silver does the same thing that one ounce of gold does for you it's. money that's outside the banking system because you money without any counter party risk now historically that ratio is sixteen to one so over time i think that ratio is going to move from the fifty's down to the thirty's and eventually below twenty probably reaching sixteen to one like a statement away and giving your thoughts when it first are talking about gold gold as a six hundred dollars an ounce it began its multi-phase bull market if i buy silver today in the low thirty's is it kind of like buying gold at six hundred feet juxtaposed where they are in their cycles yeah exactly right in the same principle applies to silver that applies to gold you want to buy it when it's undervalued and then ultimately at some point in time in the future you'll want to you know move into other assets that are undervalued and use the overvalued silver but you know that's still years years down the road this is a major bull market just like it was in the sixty's in the seventy's we've got a long time to go all right i want to talk some history here very very interesting

getting back to the german gold story you know during the time when gordon brown here in the u.k. sold three hundred tons of the sovereign gold leaving him with just over three hundred tons left in the puts britain in a very vulnerable position to get into this currency called. the browns bottom and of course a lot of brits think that you know gordon brown running around naked on a bicycle but that's not exactly what it is but at the time nine hundred forty tons of german goal was sent back to germany. as part of their panicky you know they start to get nervous that this whole currency thing was going to unfold the current position of germany of three thousand tons does not include that nine hundred tons it's uncertain because the but this bank doesn't actually report its accounts accurately it reports gold in the vault and gold on loan as one line item but obviously gold in a vault is different than gold that's been loaned out to you know a counterparty so we don't really know the story but one thing that we do know is

we do know that in one thousand nine hundred seven a couple thousand tons of gold moved out. the u.k. given the fact that the u.k. is not a gold mine or that it had to come out of the bank of england and so that was probably gold being cycled by the by various central banks perhaps the germans to be loaned into the market or perhaps returned so the dates of that nine hundred tons doesn't necessarily according to correspond with the gold flows but maybe it was a gold bone that was being repaid back at that moment and ok so they could have financed that for ten years or so and then finally made good kind of in the dark of the night shipping gold out now that kind of brings to mind what's going on the china speaking about accumulating goal in the dark of the night they are out there are scouring the globe for gold ache officially of over a thousand tons of gold but i think they're going to have a surprise shock announcements and what they say now what we're going to revise upward are gold from maybe two three thousand tons what do you see you smile you know what's going to another issue of they've they've had three of these

announcements over the past ten years where they've had they say they've been buying gold now unlike gordon brown who announced in advance that he was going to sell gold. for whatever reason so he made that point he the chinese are acting like warren buffett they don't announce in advance when they're buying but they're in the market they're constantly buying when the price dips and you can see this in the physical market the demand for physical market remains strong continuing on the german story because there's a lot of entry you know it's very you know german and spa and cold war stuff is that all the gold it's running around so as you know i had reported that in one thousand sixty eight memo sent by the bank of england to the federal reserve reveal that the fed had sent at least one hundred seventy two bad delivery gold bars to london in the late sixty's for safe keeping for the german bund as bank as repayment for swaps another intriguing story earlier historian as well as a market guru here thought yeah you know i read that story with a lot of interest basically they're pulling the wool over the germans eyes but you have to remember back in the fifty's and sixty's germany was largely controlled by

the british the americans and the french you know the occupied berlin based. glee set the stage in west germany for the rebuilding of the german economy and so they had a strong hand in german politics but you know here we are you know fifty years later sixty years later we should be thinking differently you know germany has been unified it's a major power major political force within the euro so it's sort of logical that they would want to bring their gold back and i think they should since we've been talking now going back to the ancient theory of two thousand and five two thousand and six that's a time get the gold antitrust action committee was was the only one out there saying you know goals being manipulated prices being manipulated and they they were vilified you know across the spectrum of people saying you guys are paranoid conspiracy theorists sense that some time we found alive or massive interest rate rigging the whole multi hundred trillion dollars scandal we've got massive rigging in the energy markets now exposed here in london we've got massive fraud from the

biggest banks h.s.b.c. barclays j.p. morgan goldman sachs there's an investigation h.s.b.c. first silver rigging it seems that if it if it quacks like a duck maybe it's a duck i mean the price of gold is all over is get to right james stark yeah absolutely you know they've been right for ten years and in order to understand the movements in the market you have to know what data knows you have to understand you know how the markets are being manipulated you know it used to be that governments followed manipulated their currencies in order to match the purchasing power of gold now they're manipulating gold to try to match the ever diminishing purchasing power of their currencies you know that's the basic principle because if you control money you can control an economy and if you control an economy you control the people and that's what governments want to do these days when did that flips take place it was really you know over the whole twentieth century you know twentieth century is one of increasing government control but certainly nine hundred seventy one when he was close the gold standard and that financial ised

global economy and what you just talked about kicked in yeah that was one of the last nails in the coffin you know just. there's a link between human liberty and gold this is what gets the gold bugs so religious because what gold does is it impose discipline on government spending it government cannot create gold out of thin air but it can create paper money out of thin air to increase its power and that's exactly what's been happening over the past several decades and it's led to all of the financial imbalances and problems that we have today so we have to go back to gold government so i think you go back kicking and screaming or they're going to go back willingly hopefully they'll go back willingly people who follow you know a lot of times i see wal-mart. have as you know on often and you know you come up with these jewels these pearls that are fascinating you or over on his site and you're talking about how food stamps versus jobs this is an interesting metric that gives you a real clear picture what's going on so yeah yeah last week the u.s. department of agriculture announced the august numbers they were for over four

hundred thousand people getting food stamps in that month and i compared it to the ninety six thousand people getting jobs that month so you know despite all the hype about the economy doing well it's quite clear just from this metric that you know with four times more people getting food stamps and getting jobs the economy in the united states is still doing very very poorly food stamps included in the money supply. i don't think so what they probably should be you know forty seven million americans now rely on food stamps why can't they call and ask. yes anything like that would work a new type of quantity of money absolutely i mean it's a mess like how would a bomb going for really about thirty seconds on barack obama reelected that seems like more of the same. you know ron paul the other day said that we've already gone over the fiscal cliff i think he's right we're just going to see how we land we went over the fiscal cliff i think in seventy one when we took the dollar off the gold standard and created this opportunity to have a lot of money printing and debasement of the dollar hopefully it's not going to be

a terrible situation but as i say governments have to go back to gold and hopefully they'll do it. willingly and by that i mean they have a five or ten year plan to go back to gold and everybody understands and understands the plan but concerned that that's not actually going to happen ok so the takeaway for me from this interview is that if you think all is too expensive at sixteen or seventeen dollars an ounce then buy silver it's like buying gold back on a six hundred dollars an ounce absolutely if you're prepared to take the volatility of silver compared to gold by silver. yeah that's what i like to hear all right that's all the time we have james starr thanks so much for being on the causeway report thank you max it was a pleasure to speak with you and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i guess james turk of gold money dot com if you like this i mean e-mail please do so at times a report of r t t v are you saying.

download the official application so choose your language stream quality and enjoy your favorite. t.v. is not required to watch on t.v. all you need is your mobile device watch r t any time and. browsers. may miss it's in.

my daddy. doesn't famous reuse benson played his own my statements. ransom business. we have a war could even though it's we have a lot of. groups. who sues all our views in the right enough to find out it was like twelve men yeah it wasn't just the smadi when i was fifteen yes you can liberate their win and you certainly can't do it through the barrel of a gun only effective social changes can be the afghans themselves

afghan men and women we believe i'm going to spend to across part. of the patient it's a position and at a construction stop people in the obama administration talking about how much they care about the women of afghanistan it's not true they don't care about the women of afghanistan. the. brighter than the few pounds from phones to parachutes. the screens don't talk t.v. don't. do we speak your language anything about the war not of the.

news programs and documentaries and spanish more matters to you breaking news a little too late to hang loose keep these stories. for you here. in troy spanish. visit. all tito's comb.