i am ask eyes are welcome to the kaiser reporting oh some people are dictated to eating paper yes it's a thing. strange addictions like these usually start of childhood are often related to something missing in one's diet zinc iron gold but the thing about paper addiction is that you need more and more paper to keep you hi stacey max so what we've seen over the past few years since the financial crisis began these groups of paper addicts have been telling us everything's going to be oh ok as long as we just add more paper inject more paper into the system so i want to look at some of the excuses that paper addicts who by the way they think they look hot they're making so much sense and they're rico suave but in fact to the rest of us we see a pimply faced him a seated slut his words no teeth addict lying in the gutter so why

gold bulls shouldn't get excited by the massive purchases of physical gold in a shop because while the gold sell off has prompted some buying from consumers it's resulted in panic selling among e.t.f. holders so of course the e.t.f. is g l d and this is the paper gold and he gives us chart from no mara and this shows you that e.t.f. have provided sixteen point six billion dollars worth of gold supply year to date and the red lines represent the investor in g.l.d. buying or selling its propaganda joe wiesenthal and business aside or over there any blodget they put they put out this propaganda and they put out misinformation they lied to the public by riff indicating that g.l.d. is in some way related to physical gold it's just paper gold and it has a fractional italy in significant meaning when looking at the global physical gold demand that's overtaking the paper market and joe wiesenthal henry blodgett they're

there in the gutter they're degenerates they're they're paper addict. they're sick they need to go to paper a holic synonomous they need to recover from their paper addiction and then just outright lie but you know just the way morgan stanley and 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 well he says about this chart so 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 providing any proof of this he's just saying as a guy with no teeth slurring his words in the gutter and the paper got or he's saying it must be more than the physical market i have no proof of this because he doesn't because as i said this to send 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 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 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 times 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

here are 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 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 this 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 and paper last is sticking the knife into these asians and middle eastern people and twisting it and 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 in ways of the all in one america is full of books who they don't believe them anymore so when the price

goes down the demand surges there may have surges on price breaks that's something new in the. fifty years we have not seen this in fifty years when the price goes down demand increases because of the watchers of the show around the world in hotel rooms in airports and homes throughout the entire globe archie goes out to six hundred million people the show gets twenty million viewers a week those people rush in australia their a.b.c. gold their all way because you're going to cold and the demand will start bidding for the gold they love it they know it the dollar must die. 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 slumped to three decades 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 t v are you are you ready for the truth people watching 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 merica stab each other to get thirty percent up on the rush the 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 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 world's going now i'm going to buy gold now they're rushing in to buy gold thank god there 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 addicts 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 face 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 and due back to secure a one key look are going to be coded between six dollars an ounce and nine dollars an ounce over the london cash price said frederic global head of marketing sales at the swiss space bullion refiner that compares with about fifty cents before the

route pen is he also chief executive officer of m k s 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 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 of this over is five bucks over the paper price right now five to twenty percent more to buy actual physical. over then 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 ink triple x. ink and guzzling it down in the gutter and they have dreams they have dreams of being trapped in a bernanke is printing press and being ground down into into

a demotion of paper and the ink that the turns it into their paper apocalypse in the vision they have of a world that's made entirely of the illusion of wealth brought on by just printing and printing and printing and this crowd men over and over lord looking down on them you know it's my children come to my paper nirvana and of course when they wake up from there are will 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 window says 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. 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 what sort of market like that max where prices go down and yet they're 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 mult. one 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 ways and ball and blodget and doug and ben bernanke. anyway stacey thanks so much being on the kaiser report. all right that's it for this after the show states will be back with

a whole lot more. gritty take three. three. three. three. three. old freeboard video for your media project free media. dot com.

you know 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 everything you thought you don't know i'm tom welcome to the big picture. welcome back to the kaiser report imax kaiser time out to go to bangkok and speak john came of smart knowledge john welcome back to the kaiser report thank you max always a pleasure all right john we hear stories of traffic jams a billion shops in bangkok going to asia have you witnessed this a lot 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 behind 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 i'm here in asia whether it's china of course has been reported to have imported says beginning of the year over a thousand tons of gold from hong kong permits has reported the strongest buying since the take down in two thousand and eight and india also has reported the strongest buying it is

a go go losses 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 miles from one percent in the recent two percent in a four percent economy stays to six percent but yet it's still the strongest go by even with a six percent import tax so necessary reported by through official means so we know a lot of it is habit smugly go into the country to boyda taxes or going to other markets perhaps in china or singapore to buy their gold so there has been massive gold by going to visit all markets definitely i don't want to direct your attention to that temple of a country known as america because one of their propagandist business insider is 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. change the g l d the paper gold your thoughts well you know the major media

baxi could never believe ninety nine percent of what they said probably a hundred percent of what they say when he portrays that gold and sober because he has that statement is actually backwards but what's going on the paper mark is meeting with i think we've seen that because you see the great of persia it's between physical prices of premium both gold and silver over the paper stock prices that the bankers are setting so it's exactly backwards and even you know asia like what we see coming out of a c.e.o. or through lawyers is the same nonsense so was amazed three 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 but it's a gold gold is down because you know they're not so sure that gold prices are 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 i'm not so sure i agree with that max only because you know to be more get a 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 once he settled 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 possibilities what's going on with the register versus that eligible inventories above all and so we're not big you 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 there if you just. tracks of physical delivery

eligible have been story just means that they are clients that harks their gold or silver bullion will become exhausted of the registered tories actually be it which way that can be delivered the price i want to close out there is just contract this is all settlement so this is beginning of the year to end it brought back the eligible inventory goal stock held it become makes the climb i've read a million ounces that's a huge now and all going after the rate if you include the decreasing balts decreasing inventories live e.t.s. if you look at that coal next inventory then look register ineligible and the e.t.f. image where he's been g.-o. d. is the climate over five and a half million ounces so what's going on there if you more you know the eligible in particular has decreased from a gold from two million ounces just the beginning of the year and now it's 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 and eligible inventories and gold right when 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 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 the price is not reflecting the fact that there's a run on gold right when actually being up or got a mention even and so what we have j.p. morgan yes just yesterday because i looked at this report this morning the ad. actually move eight point seven million ounces

a silver out of there eligible if it's only to the register to the registered warehouses so that's really curious to me max because maybe it's showing that big are trying to prevent people who are asking you to go so far from getting it 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. you know alongst and so issues i want physical settlements us really interesting as well john let me ask you something are we about to win in other words you've been on the shown over the air so we've talked about this we've set up a a conflict between the paper versus physical we've encouraged the world to take 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 is a go because as you pointed out we are also seeing a divergence very much so between them is a go and the paper prices of precious metals so i think the bankers have flames on this take down have an opposite effect i think they thought it holders of the physical yes the panic sell out and sell to vent but instead what happened is they caused a massive frenzy up by other physical battles which is only going to hurt their

ability to keep this charade of a fraudulent futures markets alive so i pay i don't know how it gets to collapse of a coma so be it but certainly it's going to make a 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've ignited a revolution and 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 going to way back in january is just unusual for so early in the year for them to 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. mint view lies is that the prices are so artificially low as well that they're not willing to sell at 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 will lead to selling more inventory is the prices but as far as how many ounces were sold we had more sales of what i don't america your coins max let me actually buy because i wrote it down ok so you have one ounce mary you go sixty three thousand five hundred sol on april seventeenth now on one day in april because of this bank rate they sold more than the higher amounts for the month of march now with year to date you saw over half a million ounces of physical gold and up to this point in two thousand and twelve they'd only sell two hundred thirty thousand five hundred alsa so it's more that 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 tons i just saw a report recently that they've gotten just under two thousand tonnes jim rickards of course a friend of the show thinks 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 of every country i think is grossly wrong so i don't believe the u.s. has eight thousand one hundred thirty three tons of gold they claim i think a lot of it 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 die for six years or two thousand and three to two thousand and i they said they only had six hundred tonnes but then it came out that they had about a thousand suns so we know that they have a lot more than what they're say if they haven't already it looks of a report out of london thousand tonnes just from how high this year it's only a third of the year so at that rate every import tollens an annualized 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 and i study forget about russia right there's russia's official gold holdings is only a little bit behind china has and i hundred eighty or one hundred seventy eight or something like that you know everyone knows russia has been accumulating 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 quantity is it now is spilling into the paper world of paper based activities what are your thought when you are standing about two seconds ok well basically just going to create a more massive ball also is a sign of they're just trying to sucker people into a bubble that's going to collapse a get them to move from parnassus to paper where we should be moving from paper to hard assets like is a go go up is it also over all right john j s kamerad time thanks so much for being on the kaiser report. ok thank you max ok that's all the time we have for this edition of the kaiser report with me max geyser 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 are you going to next time next kaiser sign bio.

science technology innovation all the list of melamine from around russia. the future are covered. they all see themselves as dying swans in their dreams. but only one of the cells will ever make it to the top. they're ready to give their lives for the chance to die on stage if only once. more even broken wings could do to them. for generations at the marine. ballet sweat and tears. potentially deadly blizzard taking aim for the northeast it's expected to hit stunning in

a few hours from new york to maine we have team coverage of the storm. but what we're watching is the very heavy snow moving into boston properly or today it was very sticky you can see it start to become much more powdery down saying the bottom line there's still a lot of snow out here a good place for snowball fight. piece and it is going to pretty incredible day there and even record snowfall throughout what's been like nobody's allowed to be driving lessons submergence three zero zero exceptions. well i'm sorry washington d.c. and here's what's coming up tonight on the big picture. the guantanamo bay detention center has been the talk of the nation's president obama told reporters

on tuesday he wants to close it down what's the story behind the headlines to get a detail a look at the cuba prison from an attorney for the detainees in just a moment also austerity has been a total failure in europe yet followed the leads here in the u.s. still think it's the best way to restart our sputtering economy but it really interested in fixing the debt to something more sinister and people ask me all the time a big i want government to be i'll tell you just how big and why.