trust israel with a lot of nuclear weapons but not iran is it because their bureaucrats wear european suits and shave i don't know it just seems to me that disarmed countries are better advocates for nuclear disarmament but that's just my opinion. well with. science technology innovation all the developments around russia. the future are covered. i'm max keiser welcome to the kaiser report you know last year the group real food for kids based in fairfax virginia convinced local schools to replace additive

infused pink slime burgers we one hundred percent all beef patties the students however upon a countering the one hundred percent all beef pink in the middle of their burgers complained that the burgers didn't look or taste right so for facts county schools have switched back to the twenty six ingredient caramel colored quote unquote burger and the students are happy once again that's right once you go pink slime you never go back the same effect can be seen in our economies and financial markets in the u.k. for example nobody likes the look or taste of a real housing market with its falling prices and lack of demand for overpriced houses so each out down on george osborne's pink slime ponzi aka help to buy scheme over the monetary universe while we like the look and feel of gold we hate the feel of actually having to pay for all of the goods and services we import from overseas and so instead we use the pink slop of currencies the

dollar the u.s. dollar stacy herbert to sound horrible yes max that wasn't think of it you can see it everywhere you look from our education system where everybody graduates with a straight a's and yet they proceed into the rest of the world where they have no skills not even basic literary skills as we found out this week we also for democracy which is the pink slime of political systems rather than a republic because we don't want the challenge of keeping a republic and we see that in the financial markets where we prefer i.p.o.'s that pop we like everything to be. easy easy profits right and we saw a bit of this psychology in this first headline here tweeter changes stock symbol after twitter confusion so tweeter is a home entertainment company which is bankrupt and people confused it for the stock symbol of twitter because twitter is it will be t w t e r this company is t w t r q

so twitter which doesn't trade at all many days and often for less than a penny when it does rallied on huge volume friday some investors mix it up with twitter which last week revealed plans to raise that to one billion dollars and a public offering you will list under the symbol t w t e r so shares rose up to two thousand two hundred percent at one point and fourteen point four million shares traded camping on the theme of pink let me add a little anecdotal flavor to this story when i was working as a stockbroker these types of stocks that were illiquid and traded very infrequently were listed on what were called the pink sheets which were available in brokerage offices around the system so here we have a pink sheet stock or a pink slime stock which is bid up a thousand or two thousand percent because of the misperception that because it shares a similar trading symbol to a stock that's not even listed people decided to barrel in there and see their

gains rise tactically before they figured out that this was not exactly what they thought it was and then it crashed just as readily but i get your point that whether it's pink slime in our burger or the pink sheet stocks in our portfolios we don't want the real thing we want artificial ality artificial ality is what everybody once they have lost touch as the children have demonstrated with the real the real is no longer something they can be appreciated through the tactile senses because the tactile senses are becoming extinct well when they reopen. markets on the stock it was that it was listed as. down eighty four percent back to below a penny but i did think wow all these people are so stupid that they don't even realize they're trading this this company that's not even twitter and then so i went to the nasdaq dot com and look at it this is an image from nasa act that top com when i entered t w t r which is twitter's handle this stock is currently not

trading this it the tweeter home entertainment group incorporated i.p.o. page for the latest information regarding the i.p.o. so it wasn't as backed that it was the one that sent people to tweet or well this brings up a couple of different things like search engine fraud so nasdaq just allowed for a search as an substitution to go in there with a stock market symbol should have been it also points to the fact that these markets whether the nasdaq the over the counter market or the new york stock exchange or these other various exchanges and futures markets around the world are continuously breaking down now because the whole price discovery mechanism has been substituted with virtual price discovery technologies of course i invented those back in the mid ninety's but they have replaced the actual guy on the floor of the exchange swapping stock at what was called then the post the various posts at the new york stock exchange are men would floor brokers would trade stock that's all been replaced by electronic virtual market making one

a virtual market making this is where all the fraud comes in states is that in a virtual market making some area the orders to sell or buy are not represented by any human beings and the computers have no way to determine whether they're fake or not and that's why we see incredible manipulation that's why goldman sachs always whenever they're caught manipulating the stock market they say well we're making markets that's code for we have a virtual market maker committing fraud that you can't trace back to us because there's nobody actually doing anything on the floor of that as any accountability it's all fake it's all virtual it's all artificial ality artificiality and it's all what it's all. now today so this just is part and parcel of a growing. growing artificially ality well the pink slime of drugs maxes in our next headline and that's crystal meth because there's a new headline out world drug reports reveals the staggering extent of north america's meth problem so the two thousand and thirteen world drug report by the un

office of drugs and crime oh no d.c. i call it because i think it's sort of the name of the cartel name for a washington d.c. d.c. and apparently most methamphetamine laboratories continue to be reported by the united states where their numbers quadrupled from two thousand seven hundred fifty four in two thousand and ten to eleven thousand one hundred sixteen in two thousand and eleven now the thing is the purity is also up to breaking bad walter white heisenberg sort of levels it's over ninety percent now most of the purity is up to ninety percent by the cartels right well purity is a bit of a misnomer here because you're talking about something that is clearly artificial in many ways a stunt like cocaine comes some of the coke up plant or you know even heroin comes from you know a biological source or meth you why not is of course a grown as a plant but crystal meth is a derivative you could say is a derivative like the hundreds of billions and trillions hundreds of trillions of

dollars of the derivatives contracts that have infected the global economy and destroyed people trading on the trading desks of various markets when they're trading for the bank of the not supposed to by law but they do it anyway as was the case with the london whale here in london another crime committed by jamie diamond that's to crystal meth of trading as to crystal meth and derivatives are essentially the same thing it's analog so and jamie diamond doesn't necessarily go down and cook up a batch of blue crystal meth like walter white but he allows for his prop private area trading desk to trade derivatives against the law that's the equivalent of methamphetamine small. we see in the big banking sector and the results are the same you have a crippling of the economy and there's of course whatever the fed chairman might be at any given moment is cooking up more mess with more derivatives more artificial money and more virtual market making well you know in the media in the u.s. focuses mostly on the shake and bake sort of labs these home labs where they they

mix up some cough syrup and starter fluid and so you know the ice packs his blue ice packs they put some of them being greedy and sent to their the shake it up and they get they serve it i remember when i was a kid if they had a campaign that you should eat paint chips because it gave you rebel low today people really are promoting the act of smoking paint chips as a way to get high cheaply i mean that's a huge difference from forty years ago. so according to this data from two thousand and seven to twenty eleven the purity of available math in the u.s. skyrocketed while the price tumbled from two hundred ninety dollars per pure gram to less than ninety dollars a combination that hooks people in the fast intense and long lasting high so it's ninety percent pure but eighty percent of the math in the united states comes from the mexican drug cartels in particular one the sin alone cartel now this article in business is very mainstream publication right they say the similar a cartel led by mexican kingpin joaquin el chapo guzman accounts for eighty percent

of the u.s. meth trade it should be noted that there are allegations that good men who was on the forbes list of billionaires from two thousand and nine to two thousand and twelve works with the u.s. government. yeah it should be noted i'm noting it right now i think we all should know that guzman the kingpin of mexican methamphetamine jailers works with the u.s. government by member states as we reported on the show the two thousand and eight financial crisis was driven in part from the closure of the cambio money exchange shops. connected to the mexican drug cartels which shut off the supply of actual physical dollars as member we live in a fractional reserve banking system with very few actual physical dollars but when they cut off the supply as part of the beef that they had with the us government who decided to crack down on that and that money laundering and this includes of course h.s.b.c. they cut the supply of cash off which in turn caused the financial crisis of two thousand and eight and it wasn't only until they turned the money supply back on

that we saw some liquidity return to the market you know what we're going to get spent in one moment but i want to point out that in light of the silk road being shut down this sentence this statement here about sin alone is interesting in court documents a high ranking member of sin a lower currently in u.s. custody asserted that those men as a u.s. informant sent a low i was given carte blanche to continue to smuggle tons of illicit drugs into chicago and operation fast and furious as part of an agreement to finance and arm the cartel in exchange for information used to take down its rivals won't couple of things first of all in other words soon aloa the mexican drug cartels is subsidized by the american taxpayer so why don't they list sent a low on the new york stock exchange why can't i buy shares instead of lois since i'm paying for said a lower why can i buy shares in guzman if in fact i'm paying for mr guzman ok i should be able to buy soda low and they should listed on the exchange and they should list a properly with the with the correct symbol for trading which would be m e t h for

meth yeah i want to buy mexican meth cartel profits today on the exchange in the fact that that's not available to me shows you the asymmetric warfare going on between shysters on wall street and the frickin money launderer. of the mexican drug cartels and you and me the frickin investing schmuck that doesn't have access to the real good stuff so finally here is an image this is two hundred to seven million dollars cash and this is in two thousand and seven about two of the seven million dollars was found in the home of a suspected cartel supplier of meth precursor chemicals the pile which weighed more than four thousand five hundred pounds is considered the largest drug cash seizure in history as you pointed out in two thousand and seven is when the liquidity crisis began the u.n. this week you know d.c. which i like to call it they're the ones that pointed out that the liquidity crisis did start with this and that the cash once it came back into the system from the drug cartels provided liquidity to the banking system so in light of the debt

ceiling talks coming up we need to spend some money to liquify the system right this janet yellen should put on a big frickin mustache and carry around a six shooter and like to make a forty seven and give testimony before congress and then during the federal reserve's quarterly statement to the congressional oversight committees and she should cost of janet yellen guzman then confidence will be restored to the u.s. dollar and the u.s. bond market moody's and fitch would have to upgrade the bonds of america from doubling to aaa if janet yellen wore a moustache occurred in a k forty seven and talked to the people in congress in spanish about her meth labs that would be used for america safe here but thanks much for being on it has a report thank you max stay tuned for the second half of the hole for them a lot more.

kids look at james. expect to strike. the united states is in discussion with of just on for a bilateral security agreement which would. mandate and allow for a significant number of u.s. troops to reach the damed in six to seven bases that are being prepared for them to to use you in two thousand and fourteen they would all this to have a very restricted operation mandate but they would still be there for purposes of

training and perhaps to some kind of got into and ballast to the security forces on this town itself. welcome back to the kaiser report imax keyser time that it's our generals of the real company gena welcome back to the kaiser report for having me all right so the word of the street is janet yellen she might be the next fed chairman what's the deal is it what do you thoughts on as well my first reaction was nothing much is going to change you know she's already named to be a member of a. meeting say she's already kind of easy monetary policy. inflation to one side if she thinks it's going to make things right employment you know other policies that the fed trying to push and in terms of where we're coming from gold

market action is we can just carry on sort of down the same powerful we thought the fed were going to dig she's been very supportive the policy has been put forward so far ok eighty five billion a lot of quantitative easing what's the chances that she'll raise that chance to raise it well she you know we have seen that she's been quite supportive so far was going on but the market safe are saying that they expected tapering taff and so it depends how much she's going to be listening to the markets are they having said that ben bernanke you last month said we won't be dictated to by what the markets are saying so i'm not very sure about that one but you know in terms of her competence as chairwoman of the federal reserve she said after the crisis that she didn't appreciate the seriousness of you know securitization what was happening with the credit ratings agencies and she just said oh you know i just didn't recognize the seriousness of what was going on and if that was someone that said that was the vice president of a company they wouldn't then be made president of that company may it's just seems like quite a dangerous situation for the u.s. economy because it's just more of the same list on the institutional blinds and this is what you want in

a fed chair woman in other words there they've got the blinkers on they don't look at reality in terms of what's happening with market manipulation and the fraud and the banking terrorism they just looked at the stock market price according to alan greenspan he said that's all. he looks at the dow jones of it's up there doing a good job he also famously said when it collapses we don't have any policy at all to deal with it we just we just let the cards chips fall where they may so in other words very dovish more money printing inflate the bubble clueless clueless. clueless yeah and you know and i think i just said you know when she says says i didn't see this coming then what you say is just it's a blanket it's a fake which is unfortunate now what we're saying when people talk about the gold price it is getting so blinkered it's just us centric and we're seeing that from the fed now when people are speculating in particular goldmark and other markets and it just to me it's just more of the same nothing nothing at the moment change but you know i look look could happen between now and january now look what's happening in the u.s. the economy the shutdown the debt ceiling when they say that we don't look at the

markets the markets don't dictate our policies as a false statement once again by bernanke they look at what the market reaction is and then they make policies and accordingly that we saw that with tarp they want to pass tarp the market crash they passed tarp but now he said i want to taper market crash he said i don't want to taper so easily life you'd like to see another institutional name. but talk about the rest of the world where you you are with a detailed report and people should check out your work at the real acid company for your latest reports your latest report is on china's gold market and the report is called uncovering china's rush for gold so tell us about it and this is a clever safe report between myself and. everyone should follow on twitter and he's got a fantastic blog is far and he says he's the ultimate sleuth when it comes to digging deep into china's gold market last summer when we talked about this before we kind of comparing it to max and and the london market expanding the market in the u.s.

yeah and they have the biggest. market going on where and say when we looked at china this time around we just kind of just first started just laid out the different elements in the chinese gold market one of which is the shanghai. if each the exchange which is the second largest go teach contracts and well but it's it's you know it's significantly smaller significantly smaller then came x. and i think. an interesting case is eleven times larger than it is on the shanghai it's hege but having said that volumes have started dropping on. exchanges slowly taking that volume away but the back of this report we had the shanghai gold exchange the feast exchange on set and also the role of the commercial banks and the reason we looked at all of these is because in the last more lesson one hundred years china has done a basically a complete turnaround on how they're approaching gold and how people buy gold the gold price mining gold and you know in the one nine hundred thirty s.

china was so the hub in asia for buying gold then there was this clampdown people weren't able to buy gold there was also an issue with buying silver the metals were supplied judah's in order to buy it and then from about nine hundred eighty we've seen this very very very slowly taking off the sofa off the clutch and letting people get more involved in the gold market in china you know but this isn't based sites this is supply and demand you know so mining within the country has gone from four tonnes and this year is expect to be about four hundred forty times official figure the number one liner in the world they are now the number one mine in the world interestingly they're all say the biggest in terms of what gold mining production contributes to the annual pay the global the new g.d.p. they're the biggest contributors but having said that gold contributes gold mining country is the smallest amount of the country's g.d.p. than any other mining nation so it's still a very small industry terms of control contribution right there is the talk about gold. per capita yeah various countries and china although it has an emerging stockpile of gold gold per capita number is still relatively low yeah i

think it's one of the largest in the world is less then i want to say no point one six but i might be i think that's two thousand and nine thousand ten figures are white south park episode. and i mix but it's still very light but the point is that they're. trying to encourage individuals to buy gold so was their mind was gold internally they will say spent over two billion investing in mind brought meanwhile their internal market price is now. spot market is influenced by the international gold price wars before it was closed and it's just making more and more accessible for interest by gold or even advertising on t.v. let's talk about this consumer appetite for gold in china because in chinese culture there's a saying that a man makes two fortunes in his life his first fortune is in gold and then he goes on to makes another fortune but the idea is that i suppose you have to include women now for the twenty first century there are many business women in china now

are blazing the way toward higher g.d.p. numbers but decide to have stockpiling gold as a form of savings you're saying that their advertising buying gold is very different the west is that what they're saying all over the u.k. in america there are shops where you can sell your gold to get paper in china sell it the opposite well it's completely opposite and this is something else that keith henson and they were kind of how for now advocates going on their national television channels encouraging you to buy gold the i c b c separate go to keep the nation plan a couple of years ago and within i think six months maybe this month they had a million accounts. using. an account which doesn't sound very much in a billion nation but within a year that kind of makes you know they've made it more accessible and that was in two thousand and ten so you know we've seen huge volumes going through the shanghai gold exchange the other thing i want to talk about is that people are debating whether or not china is going to overtake india this year in terms of demand in this report again this is and found this out with that actually they may well have

already overtaken them in two thousand and eleven if you look at china's official figures around the world gold council saying i'm a goddess of the demand is going on in china like i said they are playing both sides of the coin in this supply and demand getting. they are trying to buy up gold outside of the country not to see these kind of imports from refineries and through via hong kong what about the so so called china put in terms of the gold price in other words any time the west is dumping their gold in for either reasons of financial instability or manipulation there seems to be a ready buyer on the bid at thirteen hundred dollars. with china in asia is that true i think evidence has already made back in april when you go price we saw huge volumes going through the shanghai go change this year lane they've bought up sixteen hundred tonnes so they are in the imports from hong kong are consistent i think last year we saw one hundred tons being bought up and you know like we're actually saying with small private investors in the west they are buying gold when

the price is light and china is just getting on mass and a much much bigger scale so that we know what is china's official gold reserves number and time fisher go to their numbers one thousand and fifty four times what they actually number what in the world table very down i can give you the number that i should know their number yeah they're in the top ten to the u.s. and germany you know. germany's are three thousand. ok so what is is the sixty four thousand see out currency dollar question what is the real number because during this crisis they've had agents out around the world accumulating gold the sly we pose it koussevitzky looking at paper that was written back in two thousand and ten years by a very senior official to go to china he suggested that china have i have a six thousand tonnes by the year twenty twenty and if we look at cumulation we start on a basis of one thousand and fifty four tonnes between turns ten to any just kind of just a conservative number we estimate it might have between three thousand three hundred

tonnes but that is the very concept is saying right now that your best guess is that china has over three thousand dollars just because rather than speculation kind of cause we don't know exactly where this goes going that's going into china this is the point the series that we're doing in my. we're going to look into this fat and they heading toward six thousand tons like twenty one which would give them a very equal almost equal on the same level as the u.s. fish and officially the u.s. some speculated that they believe their gold out is part of this gold suppression scheme and so they don't really have eight thousand tons of gold anymore they've leased it out of the gold bullion banks have sold it off into the world markets principally to china so when they come out at that point according to some general being i guess the most notable saying that once they have four thousand tons in their possession they will get a lot more aggressive with the u.s. in terms of dollar let me let me ask you this question that china this week warns the u.s. that they had better raise the debt ceiling and pay the interest on their debt they

owe china. so. people say that there's a symbiotic relationship between china and the us in that china has us as their biggest market and they get dollars in return and there's a symbiosis there and there's stop their self-interest to cut that strategic relationship that again if the u.s. is not going to pay their bills and the government is closed down at some point china may say you know what we're going to cut this pig loose i think confucius said that actually and but they would need a lot of tons of gold on their books before they do something like that you're saying that they could have three thousand tons or more some are saying once they get the four thousand tons or they're in a position to cut the u.s. loose and their rhetoric now is getting more pointed is this going to be a contentious us china i am i think it's a major issue new because we've talked about this before in this relationship between the u.s. and china and this is what many say is why china up buying will this go because

that this relationship with the u.s. dollar you know this connection they have i think this is the key thing that everyone should be looking at but i think what you need to think about is that they're not any trying to build up their reserves to. where they're trying to encourage individuals to hold gold say not just it's not just about cutting out you know how many tons of gold they've got by preparing then laying the ground not something international contends there is that they're laying the ground making sure people people have enough gold individuals have enough gold as well all right we got to cut it off there jeff skiles thanks so much for once again being on the kaiser report and. that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i'd like to thank our guest jens coils of the real asset company where you can find her latest research if you like to get in touch please tweet us at kaiser report of the next time magazine by a. deliberate

tour. which is on its epic journey to structure. one hundred twenty three days. through two thousand nine hundred towns and cities of russia and. relayed by fourteen thousand people or sixty five thousand kilometers. in a record setting trip by land air and sea an outer space. olympic torch relay. on r t r c dot com. millions around the globe struggle with hunger each good. what if someone offers a lifetime food supply no charge. they can the very strong position against them all and we think that's. the genetic anymore the fate products are priest to have there is no. evidence

to this any problem with genetic engineering when you make a deal. or is free cheese always in a mouse trap i don't believe that. poor and that free. enterprise is profit. for social justice golden rice. dramas the truth be ignored. stories others refuse to notice. the faces changing the world lights now. on full picture of today's events long gone to and from roads to close. up to. fifty.

real damage and complexity of this oil spill was not something you can grasp just by looking at dirty birds we have between four to five million people in this directly affected area of the coast and it's pretty clear why it's not being reported because b.p. can't afford to have a reported all along the gulf coast are clean they are safe and they're open for business if b.p. is the single largest oil contributor to the pentagon the us war machine is heavily reliant upon b.p. and their oil this is a huge step backwards for democracy it's a step forward. carex it is toxic as it looked like spraying and. it was it was not a picture that either the government or b.p. really wanted to have out there i don't want dispersants to be the agent on.

this deal so. i cannot speak for my son and really the legal issues i'm a father i'm simply thankful that my son a shape and free edward snowden's father arrives in moscow to see some for the first time since the n.s.a. revelations sent the contract on the run from washington's prosecution. just minutes after landing i asked mr snowden what's the plan for his first ever visit to russia find out what he said in just a few moments. to receive an award for integrity and intelligence from a group of fellow whistleblowers and activists we speak exclusively to that. another day the libyan prime minister appeared on state television now for a brief kidnapping by government contractors militia reportedly in revenge over his call for.