max kaiser this is the kaiser report we started our journey down on wall street but that's not really the heart of darkness in this financial armageddon this apocalypse it's actually in midtown manhattan which you see on me so we've come up river looking for colonel kurtz who we will attempt to exterminate with extreme prejudice stacey on to tell us more max i assume that you mean colonel kurtz is jamie diamond who works at j.p. morgan he's the c.e.o. of j.p. morgan which you might see behind the chrysler building right there on the horizon j.p. morgan is full of that i understand you're going to go scouting them later you're going to go deep into the heart of darkness but the question is this is america's current not really a question but a statement that headline is from zero heads and they look at the participation rate happening around the western world but in particular america where people are

no longer voting people aren't showing up to vote so in twenty twelve for example the presidential elections less than fifty percent of the people eligible to vote voted so they show a chart it's called the bull market an app with a. change in voting rate since one nine hundred eighty sources o.e.c.d. and korea has the worst since the decline of about thirty three percent since one nine hundred eighty and the us is next to a drop of nearly thirty percent in voter participation so there are hedges asking is this because of the department of justice nobody's being you know we always get larry summers we always get robert rubin i was his hey rick rubin actually. def jam records l.l. cool j. now well look you know made the voters you don't need the population you don't need people working you don't need their tax receipts because the top five thousand princes of america have access to jamie diamond colonel diamonds fountain of free money along with the federal reserve bank they just print more quantitative easing that goes into these princelings that america debt for like saudi arabia. bia which

has a similar situation they have a fountain of oil they don't need the people save abject poverty and some five thousand princes in america similarly they've got their aristocracy that has been created now with the federal reserve's quantitative easing and they just print money as they need it it boosts our asset prices it boosts our real estate prices they don't need the people to work to create the savings to create the capital they don't need the taxes so the people are being essentially exterminated that's the problem with colonel kurtz diamond is that he's going rogue he's become the leader of a cult he's taken his military operations up to mimic saudi arabia it's no coincidence that saudi arabia is now provoking war in syria to get their gas pipeline to europe just like it's no coincidence that saudi arabia and the petro dollar and america have the federal reserve bank are colluding to exterminate the american population the american people are not just getting poorer there are at threat of being exterminated by colonel diamond well in

a way that's already happened you can see that all along this river here the east river in manhattan where there and in factories the dolman of sugar factory the abandoned factories everywhere here because we're not producing anything here but in terms of this america's curse that we're not participating in the democracy that we're spreading around the world is arrowheads points out that the scary part of this is that there's now no checks and balances the only thing we have to hope for is not change the hope and change of an obama like character but collapse because then we could all start again but the american system was brilliantly kind of seen as a system of checks and balances you had various branches of government you had to press the fourth column the fourth the state as the ultimate checks and balance you know journalism is the only profession mentioned in the constitution but now you have journalism being eradicated thanks to the n.s.a. the spying scandal they don't want. any journalism at all they don't want any

objective analysis of what's going on in america at all if you provide objective analysis they will kill you as we saw with michael hastings just like the state murder aaron swartz the state murdered michael hastings they don't want any kind of objective reporting whatsoever on their financial jihad to exterminate the american people that's the risk is that you get exterminated so you mentioned the fact that because of the dollar system as a world reserve currency the five thousand princes of america do not need the working class to create wealth they don't need to manufacture it because they could just print dollars and make the chinese work and send it over to them for free essentially just like saudi arabia can print oil essentially by putting in a straw and out comes the oil well here we're going to turn to this next headline about manufacturing in the collapse of manufacturing and why that's happened in america extra costs to make google phone us four dollars google made

a big splash would have announced the moto x. the new flagship phone of the company's motorola division will be manufactured in texas an analysis of the smart phones internal components by i.h.s. and my supply reveal that the moto x. cost between three dollars and fifty and four dollars more per phone to make the apple i phone five are the samsung galaxy s four both of which are assembled in china this report looks at this fact it's only four dollars more to make the google phone here so why doesn't apple do it for example why don't we re store manufacturing your wealth creation to america all those millions of people unemployed well it looks at the fact that apple sells one hundred thirty eight million i phones and if you multiply that by four you get about five hundred fifty million dollars more that it would cost the company of profits of course they say they're not going to do it rather the rationing makes no sense to me they're saying that because they're so profitable they couldn't do it in america they're saying americans don't deserve the profits. the apple the few princelings that run apple

deserve the profits not the americans who are consuming the products or supporting the infrastructure that supports apple creating the infrastructure with their taxes that support apple they don't deserve anything they deserve to be sent to prison they deserve to be murdered by the state they deserve to be eradicated because they're in the way that's what they deserve and the fact that apple can make a statement like that or google or any these high tech companies is as absolutely devastating to the american people i would think as any foreign time and saying that they want to drop a bomb on america is the same this is only there's an equivalency there if they had a gem cut the head of apple said i want to bomb new york city let's tempt john cook of apple i want to blow up new york city with a ten megaton atomic bomb people say that's bad but when you say i want to know if this generates the entire working population of america by not sharing with them the profits i were stealing people say i'll call like i'm given

a billion dollars cut like oh by the way as a financial terrorist you have been for decades that mentioned being guantanamo being unmercifully beaten in my opinion well it does look along here the east river if you look at all the abandoned factories all the abandoned warehouses it doesn't look like there has been a bomb dropped on it it's to do with tax policy which encourages big corporations to send things overseas and it has to do the same it is the same part of the problem of the corporations sending overseas as the five thousand princelings here they don't need the worker here to create wealth but the other thing the article points out is that the real stumbling block is speed and education so unlike us plants foxconn and other chinese manufacturing operations house employees and dormitories and can send hundreds of thousands of workers to the center lines at a moment's notice workers are subjected to what most americans would consider unbearably long hours in tough working conditions all speed in this case is the speed that apple is shredding constitution the. the two ssion that's the speed

issue here the speed at which they're eradicating the middle class you know this speed at which they're destroying everything that's left in america that's the speed issue they've hired communist to come in there and help them destroy america and that's unconscionable it's unforget it's unforgettable also i mean unbearable working conditions we were just driving to north carolina while we're here and the sides of the highways are all pristine and while i personally were right because president labors are growing biggest growing work population in america they work them for a dollar or two dollars a day and everyone's going to be back on the chain gang as i said on the show many times get to know this song jumped on turn around pick a bale of cotton from the old plantation days slave in days because that's where everyone americans go to jump down turn around pick a bale of cotton because ya'll be workin slaves now haha thanks tim cook a frickin tyrant well the other matter of course is education when the princelings a five thousand prisoners don't need the population they don't need to take care of

them in any way people don't need to be educated china also has far more skilled engineers than the united states apple has said it requires thirty thousand industrial engineer system for its onsite factory workers numbers that simply don't exist in america right because they engineered like the genesis engineering the perfect arian race of consumers in america who will just consume and not ask questions and not demand civil rights or constitutional rights you know where hitler felt tim cook has succeeded he's created a master race of consumers who don't question his authority who just give him money and he does not pay taxes so you call tim cook you're a credit to the nazis as the n.s.a. and their documents refer to consumers and other adversaries so these are the sort of people they're talking about but you know finally why are what is america's curse why why do people not care of. the democracy here that they seem so

passionate about exporting abroad well behind us as we start at the top and so is colonel curtis jamie dimon j.p. morgan exclusive j.p. morgan subject of obstruction probe an energy case u.s. authorities are conducting a criminal investigation into whether several employees of j.p. morgan chase and company try to locate a regulatory investigation into alleged manipulation of power markets so as you know the federal energy regulatory commission signed j.p. morgan four engine in ten million dollars in july elizabeth warren the senator asked why are you not investigating them for criminal behavior obstruction of justice and lo and behold the f.b.i. and the u.s. attorneys here in manhattan are investigating apparently three houston traders working for j.p. morgan and perhaps life masters it's hard to know at this point but it looks like there might be a criminal investigation of course it's used in traders are cast offs or close to the cast from the enron scandal so the enron scandal was

a huge scandal in america where huge accounting scandal nobody really this penalized much jeff skilling there was one of the c.e.o. is actually coming out of jail early for good behavior because they need him to help float some more junk american bonds to stupid communists in china in the rest of the world he's a good bond salesman they should put mike milken in charge of the treasury then i would know that they've got a brain in their head because they realize he's a master arch criminal the super hero bon crookery put mike milken in charge of the federal reserve bank or the treasury secretary get real obama you know there's a war going on and you're getting your handed to you by asia and you're asia because you're you're playing checkers they're playing chess get mike milken involve you frickin jerk well ok you bring it to several points there because first of all enron did the same thing they sent spent decades in jail one of them escaped two pair of white attending he had a heart attack but j.p. morgan is only being investigated for obstruction of justice not for the rigging of enter. markets but the other thing is that regarding the bond markets it's j.p.

morgan is just abandon the students that we talked about j.p. morgan's getting out of that market but also shorting the dollar by going long built right there getting out of student loans after racking up a trillion in debt that won't be paid by the students they won't be able get the jobs to pay the debt so they've been abandoned and then a generation to eradicate another generation of americans to exterminate them in the incinerator of their debt creation and of course if you put any of these j.p. morgan guys in jail because a privately traded jail they'll simply do a leveraged buyout of the jail using taxpayer money and set themselves free that's the problem when you have psychopaths running the jelling system and wall street since there were thanks much making the point thank you max and good luck up in a j.p. morgan exterminate with extreme prejudice looking forward to it jamie stay tuned much more coming your way.

the whole world is. on the end. of the end of the street another one more troops society gets the money or the proper tears become we see military and state police forces mobilized against people who blend into the city the city the more people trust electronic devices the more defenseless. as

a thousand die. hard r.t. . if the main competitor girl on the market is mother nature. may customers struggle with goods. fight for each drop from an old turkey supply and. let people think i or prices purer want to. live on our teeth. they use it up there and wash their hands in it and flush their toilets when the same water. nestle's is selling and spraying water. welcome back to the kaiser report we made it all the way up river with this banking apocalypse now searching for a colonel kurtz of banking jamie diamond i'm here with now or third ferguson at

seattle's report dot com also there at dot com very welcome to the kaiser report thanks max great to see it all right sure does j.p. morgan cohen heard the call makes gold market it would certainly appear to be that way max and if they have something rather big deal then i would say let's talk about the data and the reason i would say that comes from what's not are really applied in there's a silver analyst money which ed butler you might know who he is he's been studying all of the c.f. to see generated data for years so he knows the ins and outs he looks at all the different reports that come out once a week once a month and he noticed this a couple of months ago i was able to sell my own research and i think he's absolutely right from a short corner of gold which they took late last year when prices on eight hundred inexplicably started going down you're now they've now established a long corner in gold which you still idea where prices are headed from here all right so let's talk about silver because that's also big and that is has been for years they inherited a huge short position from bear stearns when they bought

a bear stearns of. j.p. morgan what's the status of that huge short position still they're still there really yeah if they had traded they trimmed it considerably over the course of last eight months something around the neighborhood of maybe fifty thousand contracts down to ten but silver is so tight there are so few market for just one say couldn't get entirely out unlike gold where there will slip completely from short how long and we can we know that by looking at this dated to see if you see generate some sell so they put out these report that means the data spanned who knows what we have to go with it and it's weighted what it is and everything indicates that everybody is still short silver most everybody sure looks are still short gold but j.p. morgan is no longer that's a big thing. all right let's talk about the comix for a second because of course it is a paper market and there is speculation now that their inventories are running down to near zero yeah same thing with j.p. morgan's interest story of gold that they hold i guess

a custodian for folks and if it is it is a run on the comix possible or will they just settle in paper and i don't know if you cover the london bullion markets association or not but there isn't right now according to andrew acquire a rundown on these precious metals on the lot i'm going market situation right now what's up yeah down that's been going on for quite some time back we've seen that j.p. the whole max depositories have lost something like four million ounces of gold just this year has flown out of their greek down all the delivery numbers that come from the sea and the most of it is calm out of g.p. morgan as they were getting out from under this short position this is the short position they're here to the bear stearns one now that's on the gold side ok the silver side they're still short and all the big banks are still short and that's still going to continue to be a big weight a big drag on the silver market he definitely let's talk about the precious metals versus the dollar because as you know america is going to war again yeah and a lot of people say the war started bailout folks like j.p.

morgan because it gives them a lot of cover to go in there and manipulate markets in a way that's really quite shameless so you try to what would be their move going forward what's their number one objective do you think to restore their ballots because right now their liabilities are probably supples or there are there are you know their balance sheet in terms of their reserves so you do that where you think that they would be their next move to try to extricate themselves from a very enron like dangerous position that j.p. morgan that that's what's really challenging about the position they're in max because they're so buried in derivatives and especially an interest rate mortgage we've seen what has happened in interest rates and just even today rob it was are they to rise again just because the ten year note is now going to get it your highs . out suppose are they as fast on the court of the fall swaps the rising rate environment or. ferguson paid environment who can really say for sure it certainly looks like they're terribly exposed at their function as a primary dealer for the fed and all this stuff to be in nature banks have done particularly j.p. morgan to help and keep interest rates low look what is done rates have doubled

just in the last six months so i think they're all in deep trouble the bottom dollar unraveling as you said but bonds are selling off like crazy right now over in the u.k. marconi is taking over from bank of england he said oh we're going to forward guidance to keep rates low since that day rates have gone to nothing to go up what you see happening in the u.k. yeah it's more of the same the buyer of last resort is the bank of england just like the buyer of last resort the fed this notion that they're going to taper yeah they might they might taper a little just as bernanke has little going away present and i think what bernanke is going to say is hey i put in this program a q.e. as i was leaving i started the taper it wasn't my fault that it ended up going to infinity when i left i did save the economy and i had begun to taper q.e. this is summers his problem this is what yellen is fault not mine i mean hero it seems like whenever they do a changing of the guards the fed has used it when they have some got a crash and they always come in with an emergency claire emergency powers and then

they re architect the system also about life mausers the wicked witch of j.p. morgan she is the architect of the credit default swap market he's really at the nexus of all the fraudulent activity that morgan gauges with our late summer now speculating they're going to be walking the plank her involvement in energy rigging energy market rigging the update and that remarkable congress can investigate baseball they can investigate lance armstrong all these guys you want to put in jail but lived a lie lied to congress in front of the house he did he lied to congress i think i was exact lied laidlaw she might be up there someplace right now we went to work i've got to tell i want to talk about a very important topic here we cover on the show often it's called i call price propaganda prices are telegraphing certain. conditions in the markets but those prices are the prices government that islam has for the most part been destroyed through manipulation it can look at the price anymore and it's sort of been really what the underlying economic activity is anymore what can you look at to really

understand what's happening if you really you know i guess you could call this inside baseball but what are the professionals like when you look at you know that you guys over to zero heads are always looking out the real picture not just a super superficial picture when you drill down where do you look to find out what's really going on beyond just the prices we're not talking about is so numbers are completely falsified like c.p.i. right judy pay the employment numbers they're all fall right they're all nonresidents right the volume of whatever volume on wall street it's completely robots trading with robots and says nothing what's really happening in the volume well just to finish that point that's what i'm getting at you have to go off in your own experience and trust your own instincts if you see if you know that you unemployment rate really isn't seven percent don't only rethink how we don't know what do you look at i look around my own town i look at people i would say that i don't i trust alternative media sources such as yourself rather than watching c.n.n. b.s. all right so why hasn't crossed yourself why is it then that people won't believe

their own eyes when they see financial news on same b.c. is patently false they're being lied to propagandize and they know what's happening in their own town why do they believe maria bartiromo instead of blaming their own eyes i think it's two things it's cognitive dissonance first of all that it's a basic normalcy bias that people have they want to believe that everything is fine it's like the people in the in the towers down down twelve years ago they were told to stay in their offices even when they could look across and see a building on fire i heard at the time that there was a morgan stanley broker in the south tower who stayed behind to trade airline put options and as a result didn't escape and died there that sorry it wouldn't surprise me a match got its fate i guess that was come into play died with as well this play. some money i guess cruiser's perhaps now finally let's talk about this lehman collapse reflation era because after the lehmann collapse the central banks got together they printed trillions of dollars of the balance sheet of the bank of

america as you know the federal reserve bank expanded by trillions of dollars same thing bank of england around the world are we at the end of that replay started great is the housing market rolling over is the stock market rolling over are we going to go back to the primary bear market that started really a few two thousand two thousand max i think it's impossible to say i think we'll only know that we've reached the end after we've reached the end because we'll continue to print money don't continue to dress up the balance sheets and banks like j.p. morgan and citi group there's going to be morgan solvent. i know i wish i could tell you the mark to market yeah oh if you did a hard to bark yeah there are books and assets on their books but yet in the mall up based on today's current market price is the bank's solvent from what i understand no because fast he went in and changed the rules under political pressure and trashed maybe a financial accounting standards board which allowed banks like j.p. morgan more to maturity instead the bonds in the studios and things like that from

two thousand and seven and two thousand and four all were pennies on the dollar they're never going to be worth more than that if they had to mark them to market every day if you under-capitalized an insolvent so if i came down with that goal that used car that was beaten up and it was in a car crash and i said i want you to buy this car for four thousand dollars because i want to go into a time machine and base the price on what was happening ten years ago that's about the same logic that j.p. morgan uses to say that the bonds on our books even though they're worth pennies on the dollar right if you go into a time machine to look back ten years there actually were two hundred seven dollars therefore they're worth ourselves that all or if you go forward in that same time machine twenty years that these are going to mature at heart all right sir that's all love tanta so full full thinking aside let's drill down into the mechanics of comebacks walk us through the number of contracts and. chartreuse long a lot of people understand exactly the gravity of the specifics of the situation ok this is all data that supplied by the c f d c regardless of what we think about them this is number six come from them there's a report that comes out once

a month usually the first friday month call the bank participation report it's a summary of the positions of the four largest u.s. banks in the twenty largest non us banks will give you specifics because that might help you to help they want to keep it as opaque as possible but we're able to decipher that and look at the changes as recently as may the four u.s. banks were net short gold futures as they always have been but by the report in our guest they've gone from seventeen thousand contracts sure net short to sixty thousand net long and we can look at the other banks but i think the main one the big hole is these guys right here they've flipped they have used it maybe they've even caused this whole town or intuitive market move from one thousand nine hundred back in november down to twelve hundred in june maybe utilizing that time period that right sweetness to get out of that short position flip it along they made probably about two billion dollars it's a nice building they have here morning. and now they've gone to where they're

obviously net loss and by the data and look people are trying to say that prices are going lower don't believe it's hard to lower the cost of production for the miners so they were going to a supply issue but if j.p. morgan is lowering the price is going higher we can say with certainty all right so as you point out the prices below the boss of production and you've got the biggest player in the space now that long you know so your your thoughts are that the gold market when it got that it qualified are so kind of like that's the the the the bottom of the well now the question is what did they know why would they just diverged from their all of their modus operandi they've always been short gold they've always been short silver all of the billion bank short gold shorts over all of them still are the only. anomaly is j.p. morgan being low and what do they know what are they carrying for well you know famously during all of our two j.p. morgan sided with both the nazis and the united states yeah i played both sides now are entering onto

a war footing again they're going along all what does this say perhaps about the us dollar what are your thoughts on the us dollar going forward again instead polish midget currently you know they value it by the index which measured against all the other currencies so you know i'm probably continue to waffle back and forth just like it has for five or six years term measures at versus goal and that's going to keep declining so consented to depreciate against all absolutely all right george ferguson report dot com thanks so much for being on the kaiser important x. my pleasure and that's going to do it for this edition of the kaiser report with me max kaiser stay share but i'd like to thank our guests are free to say they like to get in touch tweet us on twitter at kaiser report it's almost time still be like jamie to destroy america's currency by the basics i would love that money burning.

i. took a. day of a croc a while going to ten deer oliver jane it's a little island in the middle of the chesapeake bay on the virginia. and i come back out a. ramp a year all in the chesapeake bay probably one of the best there is in effect fred.

this is that your ten year island before the channel was cut through o'hare. way up there. as go all. right here are some of the headstones from the graves it for here this is a fruits that's that's what we don't want happen to taint your all and we want to get some protection and make sure that we don't go into the chesapeake bay like a bird did in other communities. the mission free accreditation free transport charges free. range mentioned free. free. to tide free. download free broadcast quality video for your media projects and free media.

the syrian army ends the extremists reign of terror and the christian village of a correspondent with this is government troops regaining control of the historic settlement. the use of force would be catastrophic and not just for syria president putin addresses the american people as diplomats meet to find a way to deal with the sad chemical weapons. the white house is accused of gagging big corporations with the c.e.o. of yahoo suggesting that even talking about the n.s.a. spying program could amount to treason developments this hour.