tv Keiser Report RT May 2, 2013 8:29am-9:00am EDT
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goldman sachs can lie to people so can business insider just a lot of people there should be a lot of there's not that's why people are buying gold because they see that these guys are in prison and that's about this chart that you saw the deep red lines that those represent the outflows from the e.t.f. and he says that this has been massively offsetting any physical demand not driving any proof of this he's just saying as a guy with no slurring his words in the gutter the paper got or he's saying it must be more than a physical market i have no proof of this because he doesn't because as i sent this to send me a bully on basis who deals in physical gold and silver who knows the precious mark metals markets and he says that the amount of cash gold bought and sold every day is a multiple of the e.t.f. holdings and he sent this chart to a company this and this is the gold inventory in tongues by location this is up to date you see one hundred sixty thousand tons of physical gold in the possession of the people human beings of the world thirty thousand tons in central banks that's
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the green of this pie chart and the comix gold that's that little tiny sliver of blue you can barely see that's two hundred sixty four tons and g.l.d. is one thousand and eighty three tons us in the red warren buffett of course another propagandist who tries to put the line out there that gold has no intrinsic value in chile get the teeth knocked out and the gold in his molar has melted down and used his money that's right warren keep keep going on your paper jihad now a child will often think this is they think that their home is the center of the universe and whatever is happening in their home is happening in the whole world so hear these paper addicts live on wall street and they listen to paul krugman they read his writing every day with addiction saying this is what paul krugman says so this must be the universe and these people who hold this one thousand tons of paper gold they are the center of our universe but if you look at the rest of the world.
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that much is turning over every single day in all the physical markets of the world this is much bigger dubai for example in two thousand and eleven before the surge they transacted in fifty six billion dollars of gold in the in the year so that's just as much in the quarter as what we've seen sold allegedly from g l d. oh well you know that's the thing about the rest of the world they're trying to escape the grip of the iron tyranny of paper money as published by printed by the united states the u.s. dollar so this is about escaping the u.s. dollar and people in india china russia implore you to continue buying physical gold to escape the dollar which is why people in syria are being murdered people in iraq were murdered people in iran are murdered because america has a paper lost joe wiesenthal by supporting his paper addiction a paper lost a stick the knife into these asians and middle eastern people and twisting it and
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killing them because they're dying from the poverty that's resulting from this enormous dislocation in the global economy due to paper pushing well i think that addicts in the paper god are actually really thinks that they think that they're sticking it in the pit with their paper knife and to these gold holders that people have one hundred sixty thousand tons of gold dwarfing anything the central banks but that's that's a new phenomenon usually peak when the price of gold goes down people have been sellers because they believe hollywood they believe washington they believe obama they believe donkey and now people know that obama bernanke and wiesenthal and everyone in america is full of books who they don't believe them anymore so when the price goes down the demand surges demand surges on price breaks that's something new in the past fifty years we have not seen this in fifty years when the price goes down demand increases because of the watchers of this show around the world in hotel rooms in airports and homes throughout the entire globe archie goes
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out there. six hundred million people this show gets twenty million viewers a week those people rush in australia there are a.b.c. gold there in the hallway let's say because you're going to buy gold and the demand was still beating for the gold they love it they know the dollar was done. so the guys in the paper gutter much of wall street they are the attics to this paper and they find any excuse not to sober up not to get real you know stop injecting the paper into their veins so let's look at what outside of their paper delusions that are hallucinations brought on by a paper addiction gold rush from dubai to turkey saps supply as premiums jump surging demand for gold from dubai to istanbul has pushed physical premiums in the region to levels not seen in years as the biggest price slump the three decades
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lowers consumers according to m.k.s. now remember joe wiesenthal a business insider had said that this physical man doesn't mean anything compared to how much paper we on wall street can generate and sell are you ready for the truth. r t v are you are you ready for the truth now people watch the show and they realize what we're saying is absolutely correct that their only hope of escaping the paper apocalypse is to buy gold and silver and that's why they're like wal-mart on thanksgiving day afterwards the black friday or people america stab each other to get thirty percent off on a toaster imagine that mentality applied to somebody with a brain somebody not a fat truck about american idiot who is waddling a warrant around from you know food stamp the food stamp jamie diamond suit stamp program member imagine the rest of world you know the americas only four percent of the population of the world or less and they're for the most part stupid as wood as a bag of bricks the rest of the world however fairly educated they see these idiots
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wobbling around a wal-mart trying to thirty percent off a toaster and stabbing each other like i'm going to buy gold if that's the way the world's going now i'm going to buy gold now they're rushing in to buy gold thank god they are thank god they watch your show thank you well that's because on the other side of the equation you have the paper attics and the paper addicks are you know just like a drunk on the street is handing out his cash he thinks like i'm a great guy i'm so together again no teeth pimply faced raggedy clothes and he stinks like urine he thinks he's the coolest thing on earth but he's giving away all his stuff and people are stampeding to take it now premiums paid by wholesalers and bulk buyers in dubai to secure a one key low bar of bullion are being quoted between six dollars an ounce and nine dollars an ounce over the london cash price said frederic pena global head of marketing sales at the swiss space bullion refiner that compares with about fifty cents before the route pen is rudy also chief executive officer of and cast
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precious metals said in an interview from dubai so you see the premiums are jumping this is just like prior to the crash we saw a backwardation these are the real physical signals that there's a problem in the attic should market the paper. market that there's a shortage there's a tightness of supply and here the premiums jumping many fold over showing that this is hard to get the supply side to solar is five bucks over the paper price right now five to twenty percent more to buy actual physical silver than what's quoted by the paper pushers and that premium is expanding tremendously there's a whole new market developing for the physical process over these paper bugs whether it's wiesenthal or blodgett they're drinking the ink that they print onto the paper dollars you know there see them with that big bottle of like triple x. guzzling it down in the gutter they have dreams they have dreams of being trapped in the bernanke is printing press and being ground down into into a demotion of paper and the ink that the turned it into their paper apocalypse in
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the vision they have a world that's made entirely of the illusion of wealth brought on by just printing and printing and printing and there's krugman over and over lord looking down on them you know it's my children come to my paper nerve ana and of course when they wake up from the horrible dream the rest of the world of the stinking rich on gold and they'll be in the gutter well let's talk about those people being stinking rich on gold the gold sooks across turkey in the middle east are being wiped out of bars gold bars jewelry everything off the shelves in the gold souk you see some coins left over but the investment bars are all gone from the windows as shubert at dubai based emirates n.b.d. the united arab emirates second biggest bank by assets domestic retail prices move to a premium of about five dollars an ounce from a small discount before the outside super who has traded the metals since one thousand nine hundred seventy nine they also talk about hong kong singapore supplies wiped out and now this guy from s.
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chaos in switzerland he says it's not just the middle east or it's across the globe the fact that premiums are so high it means that no one is making enough we are producing twenty four hours a day and what sort of market like that max where prices go down and yet there. they're struggling to keep up with demand well the converse of that is that they're issuing trillions of dollars of the bonds or paper and those prices are going up so that's the that's the converse of this there's a huge demand for gold prices are going down there's a huge multi hundred trillion dollar supply of paper and bonds and prices are going up so it's a complete repudiation of supply demand economics brought on by the terrorism financial terrorism of people like wiesenthal and blodget and doug cast and ben bernanke eight. anyway thanks so much for being on the kaiser report thank you max all right that's it for this after the show states will be back with a whole lot more.
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and every day she saw her body in. syria or syria in arabic. it brought him into the world beginning look far from. the syrian woman you are. trying to. destroy the name of the father you know my name. and i'm planning to stay here to show. to build a new life in hiroshima. welcome back to the kaiser report imax guys are time now to go to bangkok and seek with john came of smart knowledge you john welcome back to the kaiser report thank you max always a pleasure. john we hear stories of traffic jams
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a billion shops in bangkok in asia have you witnessed this elaborate for us if you can. sure we see some of the strongest buying in asian markets this time around on the bank a raid on gold and silver paper prices and a lot of lives of the boys shops here bit of east a couple hour waits and you know the interesting thing is so we've had probably the strongest buying in physical gold since two thousand and eight in bangkok the same has been reported hong kong were the president the home com gold and silver shade society said that they received this strong they see the strongest buying on this takedown in fifty years max so you know everywhere in asia whether it's china of course has been reported so you have imported as beginning of the year over a thousand tons of gold from hong kong permits has reported the strongest
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buy since the take down in two thousand and eight and india also has reported the strongest buying it is a go go also is two thousand and eight and the interesting thing about india max is that as you know the tax imports all gold have been increased just the past thirty most from one percent and the recent two percent and a four percent economy stands a six percent but yet it's still the strongest go by even with a six percent imports haxo necessary reported by through official mean so we know a lot of it is habit smugly go into the country boy to tax or going to other markets perhaps in china or singapore to buy their gold so there has been massive gold in the physical markets definitely i don't want to direct your attention to that temple of a country known as america because one of their propagandists business insider is
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reporting that the price of gold or the surge of physical buying the surge in physical buying is meaningless because people are dumping their e.t.f. . on the exchange the g l d the paper gold your thoughts well you know the major media backs you could never believe ninety nine percent of what they said probably a hundred percent of what they say what he appreciates the golden sober because he has that statement is actually backwards but what's going on the paper mark is meeting with i think we seen that because you see the greater persian between the physical prices a premium both gold and silver over the paper spot prices that the bankers are setting so it's exactly backwards and even you know asia like what we see coming out a singapore through lawyers this is a nonsense so was the may stream media yesterday gold dropped what like four or five dollars an ounce and then a report coming out of hooters of singapore was that gold you were losing confidence a gold gold was down because you know they're not so sure that all prices are
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heading higher so it's the same nonsense propaganda what happens in the paper markets is irrelevant what really is happening it is a gold markets now is what's important back let me ask you about one zero hedge is reporting that ninety nine point three percent of all coal max gold sales for the first three months of the year came from j.p. morgan zero hedge thinks the client could be the us government when you think oh not so sure i agree with that max only because you know if you mortgage and the government are in cahoots with big old us overpriced take down so big government was draining j.p. morgan a physical ball they are a buyer right well appreciate the market but actually hurt j.p. morgan so bill it's easy to keep making good on those who want to settle their futures contract with physical delivery but one thing i would actually like to discuss max is really the numbers that we can see because i suspect you'll ation right but we can see facts of what's going on with the comix warehouse the positive henri's what's going on with the register versus that eligible inventories above
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all and so we're not big we look at those numbers we could see some really interesting things eligible inventories not actually eligible to be delivered to. customers that want to close out their futures contracts of physical delivery eligible have been story just means that their clients that harks their gold or silver bullion will become exposed to other registered tories actually be it which way that can be delivered to class i want to close out there is just contracts with physical settlement so this is beginning of the year at the end of april max the eligible inventory goal stock fell it becomes makes the climb i've read a million ounces that's a huge amount and all going after the rape if you include the decreasing balts decreasing the tories live e.t.s. if you look at that cone actually very they're both registered eligible and each image lorries with the g.o.p. is the climate over five and
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a half million ounces so what's going on there if you more you know they're eligible in particular has decreased from a gold from two million ounces just the beginning of the year and that was only one hundred sixty one thousand ounces max so whatever big you have what's going on is that people don't trust the banking system to hold their gold so they're taking all their gold out that's what i think is going on by basically a collapse in eligible inventories and gold right well there's a run on gold just like you had a run on northern rock bank a few years ago where you would have a run on a bank people queue up and they take their money out of the bank we saw it in cyprus now we are describing is that there is a run on gold physical gold people are taking that gold out of the warehouses and the and where they're held as inventory and this is trying to be papered over by the government or j.p. morgan or com acts as not being relevant to the price and the prices not reflecting
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the fact that there's a run on gold right actually being up or got a message in it so what we have j.p. morgan yes just yesterday because i. looked at this report this morning they actually move eight point seven million ounces a silver out of their eligible in between each of their registered to the registered warehouses so that's really curious to me max because maybe it's showing that they are trying to prevent people who are asking you to go so far from getty because they booted out of the eligible now it's a registered back and settle issues contracts so perhaps you know they are worried about a shortage of physical silver making good on so we're not you know alongst and sort of fishes out what physical summits us really interesting as well john let me ask you something are we about to win another words you've been on the shown over the years we've talked about this we've set up a a conflict between the paper versus physical we've encouraged the world to take
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physical delivery to push the paper pushers like j.p. morgan into bankruptcy and to cause a default on come backs to stop the world from being strangled by the tyranny of fractional reserve banking and everything that goes with market manipulation whether it's live bore or c.d.'s or everything that goes with it if the inventory in these exchanges is now at vase ecclesia zero all we now on the threshold of a major default john. i think i think so i think that's what we're getting to i think actually the banker shot themselves in the foot with the most recent raid all the paper prices and i always emphasize the difference between paper physical because as you pointed out we are also seeing a divergence very much so between them is the go and the paper prices of precious metals so i think the bankers have flames on this take down have an opposite effect
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i think they thought it holder so the visit go yes the panic sell out and sell to vent but instead what happened is they caused a massive frenzy up by the physical battles which is only going to hurt their ability to keep this charade of the fraudulent futures markets alive i don't know how it is because of the comments will be but certainly it's going to make the fraud a lot more difficult to execute in the future i believe right it was and let them eat cake moment there was a eventually in the court of france they just went one step too far and they ignited a revolution and they all got their heads cut off so what we're saying here is that the paper pushers have just gone one step too far with this latest raid on paper prices and it triggered a massive buying panic around the world now the u.s. mint has suspended sales of gold coins they suspended sales of silver one ounce coins way back in january is just unusual for so early in the year for them to
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suspend sales and doesn't this point again to shortages of metal and how many ounces were sold before the sales were suspended john. so yeah you carries a shortage of metals or it just means that the u.s. and its be allies is that the prices are so artificially low as well that they're not willing to sell it these prices so that you know that could be the case that bit's around the world as well as the boy dealer so they're saying they're sold out it may be sought out or just willing to sell even more if it's for use though prices but as far as how many ounces were sold we had more sales of what i don't america your coins match let me actually buy because i wrote it down ok so you had one ounce marry your sixty three thousand five hundred sol on april seventeenth now on one day in april because of the spec rate they sold more than the higher amounts for the month of march now with year to date you saw over half
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a million ounces of physical gold and i'll say this well wait in two thousand and twelve bid only saw two hundred thirty thousand five hundred alsa so it's more good double ok another thing john j.s. cam is that over the past few years we've been talking about china has been creeping into the position of being the largest sovereign holder of physical gold where do we stand on this officially they have a thousand and fifty tonnes i just saw a report recently that they've gotten just under two thousand tonnes. of course a friend of the show thanks that they're getting close to four thousand tonnes and i've just heard a report saying that they're well over eight thousand tons there's a lot of disparity on this what's the current thinking john. well i think right now it's just like a big game of poker right now what was to show their hand i think all the official reporting gold reserve holdings are a country i think is grossly wrong so i don't believe the u.s.
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has eight thousand one hundred thirty three tons of gold they claim i think a lot of what was sold out into the open market during the eighty's the price of gold down that's gold that's never come back into the vaults of the reserve trade as we know ny for six years right from two thousand and three to two thousand and i he said only has six hundred songs but then it came out that they had over a thousand suns so we know that they have a lot more than what they say if they haven't already did like survey reported out of london thousand tonnes is from how high this year it's only a third of the year so at that rate it read import three thousand tons and i realize basis which is more than the total annual global world call production so you know whether they have i believe they're well over two thousand tonnes already but whether that number is four thousand six thousand tonnes max going to get about russia right there's russia's official go holdings is only a little bit behind china has and i hundred eighty or one hundred seventy eight or
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something like that you know everyone knows russia has been. massive amounts of gold very secretly as well right now off finally the bank of japan a swiss national bank are now buying equities other central banks say they will soon do the same so the quantitative easing now is spilling into the paper world of paper based equities what are your thought what are your thoughts now we've got about twenty seconds ok well basically just going to create a more massive bubble also it's a sign of they're just trying to sucker people into a bubble as it collapsed a get them to move from texas or where you go we should be looking from paper to hard assets like there's a go go up it's over all right john j s kamerad time thanks so much for being on the kaiser report. ok. ok and that's all the time after this other guy has a report with me mazur and stacy herbert our thank my guests john cam of smart knowledge you dot com if you like to send us an e-mail please do so at kaiser report at r t t v dot are you guys are saying by oh.
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