ounces of gold for example has been drained from london gold vaults sent to china never to return again not in our lifetimes anyway and your bank account how does that look today a bit more depleted than usual could be that the masters of the universe online the n.s.a. change your bank account balance that's what they've been up to. over those jokesters at the n.s.a. just playing around with the financial system for fun and finance a game i thought the reason they were involved in all that invasive technologies to see was to keep us safe well remember they've denied that they were involved in corporate espionage but in this latest report investigating n.s.a. activities and what should be done about it something has emerged in one of the recommendations and that is reports suggest and are saying gauge and financial manipulation changing money in bank accounts the new white house intelligence taskforce issued some recommendations on how to reform the n.s.a.

and recommendation number thirty one max read governments should not use their offensive cyber capabilities to change the amounts held in financial accounts or otherwise manipulate the financial system so many are asking what exactly did they see that the n.s.a. has been doing and that they would recommend that this course be taken well it's part of the balun psychology you saw in cyprus where the state can just bail in the system by taking your bank account confiscating your bank account this is a mission creep because the central bank. a few decades ago started their relationship with banks like j.p. morgan who hold by some estimates ninety trillion in derivatives off their balance sheet on the bank balance sheet of the federal reserve bank so they share this off balance sheet black market or dark market now the n.s.a. is getting involved in they'll say well all of the bank accounts in america are now

part of the j.p. morgan's balance sheet off balance sheet which is part of the federal reserve all balance sheet so it's a multi hundred chilean dollars slush fund that the n.s.a. wants to control so anytime that they feel the price of gold might want to go down to favor the shysters and the u.s. dollar matrix they can get the n.s.a. to do a little bell and j.p. morgan federal reserve bank so it's all controlled it's all master it's all part of the what ever the crash of eighty seven and became known as the working group on finance or the plunge protection team is now joined up with the n.s.a. to give them either more leverage and more access to people's cash to do more manipulation in the name of safety to keep us from all the bad guys they're the big guys are out there they're not the n.s.a. oh no well trevor tim of e f f which is the electronic frontier foundation tweeted this he said doesn't n.s.a. report recommendation imply the n.s.a. is conducting offensive cyber attacks against financial systems so that's one

question that's an act of war if they're doing it against other people it's an act of treason i guess what they're doing is the united states but one of the things that they get americans on side to this sort of as a federal judge has now ruled that the n.s.a. program is unconstitutional but americans will screech and shriek and scream that this is good because if you've got nothing to hide you've got nothing to fear from them well we've already know that that not only can they change the date that an e-mail was sent to make an e-mail look like it came from you so they can create guilt in the person they could create something to hide in the person but here they can also create financial transactions apparently to make it look like you accept money from the bad guy or may. that you sent money to the bad guy so we this is sort of east germany that you saw him east berlin during the cold war days that's what the stasi was doing. in the merkel actually made that reference phraselator to a barack obama saying you're acting like the stasi she would know because she grew up under the stars i mean the average american if the government stalled one of

their kidneys they would say well i've got another kidneys so i got up and. you know take a kidney that's all right along as long as i'm safe as long as i'm safe that's ok take my kid big so along with the same sort of thing of the boxing day what sort of presents have been left and what sort of presents have not been left for various people around the world this is from the u.k. h m r c last nerve over a big tax avoiders say m.p.'s. marcy is her majesty's revenue and customs and british officials have lost their nerve in tackling tax avoidance by global corporations and have presided over a thirty five billion pound tax gap as they pursue easy prey such a small businesses and individuals a committee of m.p.'s said so this is the public accounts committee and what they added was that h m revenue and customs has left the state with another multibillion pound shortfall by failing to gather two point six billion pounds of an expected windfall from swiss banks so they chickened out of pursuing any of the billionaires

and multinationals like google and vodafone and starbucks but they've gone hard after small and medium sized enterprises the ones that have already been by the way been destroyed by the government owned royal bank of scotland right this is part of the apartheid wall the interest rate or a monetary apartheid wall the u.k. tax authority if you will cheat those living on the right side of the apartheid wall with kid gloves they want to go after them and have them fulfill their legal obligations but if you live on the wrong side of the apartheid wall then of course the guy. will go after you because you're not the right not the right skin color in this case but you're not that you don't know the right people so some like mandela's apartheid in south africa this is george osborne's apartheid in the u.k. based not on the color of your skin but who you know well it's also part of that whole military industrial complex political owned the spy surveillance state we

know for example under george w. bush they were allowing cia agents to work for banks so perhaps these officials and government are terrified that the fact that the n.s.a. is able to change their own financial data take money out of their bank accounts with no recourse and and who owns those guys who owns n.s.a. who owns the cia if they're working for j.p. morgan and goldman sachs we don't know but if they're allowed to and they could take down you know david cameron if they could deplete his bank account maybe he's going to be more obliged to want to help them well there's been a lot of cases where the government agencies gone into individuals accounts and stolen money based on their theory that the individuals were doing something incorrect but it turns out that they were just desperate for cash so i mean we'll see more of that going forward and of course sell the scapegoat to people that they're stealing money from again a nother apartheid type of strategy is to somehow vilify the victims as being evil

while they steal their money now another gift on this boxing day is this headline accidental tax break saves wealthiest americans one hundred billion dollars so this is called the shelter as a tax shelter known as the walton grantor retained an annuity trust or grat and this is an accidental loophole that saves the wealthiest americans one hundred billion dollars over the last ten years federal law requires billionaires such as selden ableson who want to leave fortunes to their children to pay state or give taxes a forty percent on those assets it will send as blunted that by by exploiting a loophole that congress on intentionally created and that the internal revenue. service unsuccessfully challenge it's all just a mistake and of course the likes of sheldon adelson only tell you over and over look i'm a billionaire i we're thirty billion dollars and i have to pay forty percent taxes on inheritance this is unfair this is unfair this is unfair but the fact is he never has to pay he doesn't pay it's just the normal schmucks with like a ten million dollars that end up paying the estate taxes that are paid yet again

shelly adelson living on the right side of the apartheid wall so he accidentally gets a tax benefit that nobody saw it coming i mean while if you live in the wrong side of the apartheid wall then if you were to omit a tax payment then the force of the law comes down like a ton of bricks and so you know it is really based on your economic fortunes it has nothing to do with a meritocracy or a democracy or even capitalism is a club soccer city run by schmucks like shelley who is an embarrassment to america there are some people outside of the system delivering gifts to their own people in this we're going to go to the american reservations you talk about apartheid these are the original bantustans from which many around the world have copied in imitated this as a model and this is native american activists want to swap the dollar for bitcoin so this is from the pine ridge reservation in south dakota and one resident of pine ridge want to do away with the dollar altogether in the hope of building

a better life for his community pi you harris an unmarried thirty or father of one is a web developer an activist who can trace his ancestry back to the northern cheyenne one of the tribes that defeated custer at the battle of little big horn he is once again launching a war to free his people from the american government only this time his weapon will be a crypto currency pine ridge reservation of course a very famous reservation in america in the use of bitcoin on the reservation is a brilliant. epic chapter in the history of bitcoin and i totally. port this idea of pine ridge indians do used to do used to bitcoin as a way to escape the occupation and you mention the original bantustans or the original model for genocide by core pocker see of course being the american indian it was copied by hitler famously said you know i when i did my genocide i copied

the american genocide of the american indian and of course the obama administration uses that in the bush administration when they wipe out and they commit genocide in iraq or these other places they they they use the original state genocide of the american indians bitcoin yes of course this is a way to somehow re calibrate the playing field to give these american indians some relief from the genocidal maniacs in the white house so i'll tell you what it's called it's called the i.o.t. initiative and he wants to bring that because of course these reservations they have a semi sovereign nations there and he wants to we're planning to use the reservations as a launching point for at cryptocurrency experiment this is the nerds revenge bit coin is a way of getting involved in big finance without being a harvard grad or part of the wall street elite big quaint opens the door for the common man to get involved so you know we talked about not only your government sending all your gold overseas but also the n.s.a.

just depleting your bank account so here he's saying we're going to come up with a model that hopefully will be something that spreads across the u.s. before he says the first mover advantage goes to somebody else like venezuela or latin america he said of course the native american indians did have first mover advantage in the united states but they lost that one all in the name of leonard peltier i command you over there pine ridge and embrace bitcoin and come on the show get the chief get the chief of your tribe to come on my show and we'll spread the word around the world we've got to go stacy and i've got to put on landing headdress and do it but going down where's my christmas box it's in my bitcoin dancer in. whatever that is. stage of the second half a whole lot more. the

beginning of the known politic night months in the face from island life. in sin the enough temptation. the dog has lost for six months. there are more polar bears than people. and it's as easy to hire a rifle as a scooter. because the island do so in a special there are no indigenous people but there are all those who do choose this frozen life. this era eyes could be right about if you are more productive. than the so choose one of the twenty fourteen olympics what's this place like and the line is is so special as the russian resort prepares to welcome the world power of the games shaping the city's present and future a lot more sochi will bring it this is the moment they're reporting from

a very cold snowy windy mountainous stuff yet beyond the olympics what the mom might say starting germ of the first on our team. dramas that can't be ignored to. stories others who refuse to notice. faces change the world writes never. come full picture of today's leaves my own designs from around the globe. dropped. to fifty. well go back to the kaiser report imax guys are time now to turn to cars to report favorite jam squirrels of the real asset company also now a presenter of

a new online hit t.v. show get real janet welcome back to the kaiser reporting to you merry christmas thanks now before we get started we were talking about mince pies you got the inside story with the best mince pies of the year talk about it i have had. best means pies on in fact from the very famous london department store but they are from old rich the european supermarkets i think german supermarket budget basically compared to her and that's where the best mince pies are. actually brought something well with a breaking story here best mates pies now let's talk about what's on everyone's mind this time of year gold and silver barring a last minute service in the price will be the first down year in a decade so talk about it and what do you see for next year. is the facedown year in a decade many people are comparing this to you say one thousand seven hundred seventy six period where we saw a correction as well was in times of next year i think we'll still see prices

remain i don't think we're going to be seeing you know when we see these corrections come back has to take twice as long as the correction is in order for it to return to kind of new highs or back to where it was so i think it's going to take a period of time but you know just last week tapering was finally announced after we've been teased for the last few months and i think now that's probably going to give a bit more focus to the speculation in the market then not just what the fed's doing all the time and money policy you know there are all these other central banks out there expanding that she said it's going to get some so which i know you're going to talk about but more i think that's really going to be quite exciting next year when compared to gold i think that's going to be the one to watch ok we're going to talk about so over a second if you go back to the seventy's period just mentioned. precious metal prices went up against a. drop of rising interest rates so the fact that interest rates could be in a cycle of tightening at this time does not some argue a negative for precious metals and latest move on to silver for

a second because you mention that silver could be a winner next year the demand for silver seems to be off the charts right talk about it yes i think you and i have probably made it we've discussed in the past the demand for this particular way and you know the us men to the canadian men and the perth mint at the top three sellers of coins this year when the us mint just stored example they've sold of forty two point four million ounces this year which is phenomenal compared to previous years i think the ratio is of their selling of. so coins to once gold coins is forty eight to one and so was far outstripping go tomorrow and say that's in that respect so you getting that in the west is this phenomenal so we demand and then a very in the east where there are some restrictions with gold namely in india you know the amount of silver imports are also hitting record highs i think it's going to hit they expect by the end of this five thousand two hundred twenty five thousand four hundred to import into india and say whilst gold has been disappointing people here and you know so what has a similar price action is disappointed to

a large extent we have seen people replacing their gold demand for so with demand just in this quest to have some form of sound money and a safe haven so i think it was a much better reflection of the general consensus of how people are feeling about cash in the bank in the general financial system let's talk about gold for a second because gold is a business it's the gold mining business and like any business there's the cost of production and everything of goes into that business the with so over and gold in particular at these price levels we're seeing gold mines shut down so does that also suggest that the supply of gold will be less restrictive someone yeah i think you know there is there's he's just questions going on in my lot of conference is a focusing around this cost of production marginal cost and i think overall the general consensus. twelve hundred fourteen hundred dollars so you mind and outs of gold and say wait a where heading below that cost you the price of gold is but you know these a lot of mines been popping up during this bull run and

a lot of investments are you going to them so some of them are even coming to fruition now in gold so a lot of the cost that they're already sunk cost of going in and so mine production gold mine protection still expects its current climbing into the next year i think next year is expected three thousand tons and then from twenty to fifty people expect to start tapering off but all of these discussions about this fall in supply that is going to get into the mindset of people and people will once again going to start realizing that they were at the beginning of the bull run that this is a finite asset that is limited and it is still being mined and so you put more people buying it but it is not still remind them there's less available and so the price will go up so i don't think you missed the part continues to climb for the next year this that's bad news for gold because it is still being snapped up as we've seen in china which you talked about before right and jan aside from being an analyst and a presenter you're also an entrepreneur and you are embarking on a project where you have a look you're launching a new show called get real it will be available online the first one is already

gone minus twenty thousand views that's a hit by anyone's standards also about it yes it's great news. and we're going to be looking at real assets so the first one was on gold and silver the second was talk about when it was online and it's just looking at everything that is real so you know there are some amazing different types of real of items out there that haven't even crossed my mind my most favorite one i'm looking forward to is how my bags is expensive bags and expensive shoes she's we're big hit by the way on the first episode where we had ben davies on talk about gold and silver and there were three great talking about different experts everyone loves ben davies from high cap so we have an expert from why invest and will continue doing this i would look at whiskey. farmland all these amazing different things that people wouldn't have considered investing in but they're real. exists that's finite and there's a demand for real stuff there was a bottle of wine a day after i brought you up on the wine made a wry smile with oh thank you this isn't quite the good stuff that you should have

pap yes this is like the pope's wine you're just using. some actually gave it to me personally so i missed some kind of mexican to brew. anyway so it's mexican the wine that we talk about. it's actually day wine and you know that i'm but you know i got to keep the good stuff of oh i can bring my own thanks john that's really sort of you to bring me the mexican chefs i just have a very nice now one of the in the first episode of get real your new hit show. one of the revelations was that gold ingots being specially fabricated in turkey for special transport to india and beyond what's this all the yeah this is. smuggling the various parts of the body that they can be smuggled three and so they're being reshaped accordingly to facilitate the smuggling smuggling in india has been phenomenal they say which is inevitable when they come down on gold how they have been go to have been significantly lay even to the point that deval you didn't even make that much of an impact on the gold price of gold spike say when

ben mentioned it would be different ways of refining and forming gold smuggling i think a lot of people enjoy facts and. specs. so the smuggling business is quite a factor now as we have a situation in various countries that are trying to and india in particular right they're trying to clamp down a precious metals so smuggling is becoming and contraband in the black market in gold is happening the way that you're financing this project in the way that you're going to bring it to market for this get real project will be on a crowdfunding platform called start joint yeah well start joint and start joint which is not yet. open i think it's an coming thing treat free registration better in the next two weeks it will be up and running and not only is it crowdfunding but it will also have a big point component so people can use bitcoins to crowd fund your show which are

then you going to distribute it over the internet as we as the feds states have been safer do you think that going forward you're on the editorial side you'll have greater freedom to express yourself editorially because you are socially being crowdfunding the editorialization the content you so you answer to your funders and not a big speech shaped body yeah what's great about crowdfunding is that our founders i will save you the audience you know our funders it will save the audience that the people that will tell us what they want to say say i would be here tomorrow at her freedom already just from the feedback on the fast episode of get real people contacts going to talk about how the banks again or you may have you looked at whiskey and and that's great you know you guys are funding the show you say of course we're going to look at these things and if there's a story behind it i'd love to get intense people let's talk about handbags for a second because this is and shoes i hope sounds listen i've said to watch the show

because we're trying to protect his territory up on the north pole so your tax from big oil and mrs claus ascents son a subpoena eels almost every week begging and anyway it's also being victimized by the black hawk helicopters of exxon so it's a it's a war zone up there so handbags and shoes i may have come from the north pole they're going to be produced by pepe there in mexico they were there wasn't quite the brand of she's in hamburg though thinking about ladies' handbags seems to pricing seems to make no sense for example i hear people women paying fifty thousand dollars for a handbag so i mean a lot of people criticize bitcoin for having no intrinsic value but what intrinsic value can you apply to a handbag you would pay fifty thousand dollars for if we cannot see one thoughts for you fifty thousand of them who might but lots of people do you. they. claim design is often come out limits and designs. ok worst intrinsic value story there i mean if you got a designer you got to design but if i were down to the local shimada rag dealership

it's a perfect one yeah you can say but that's like saying you know you could have a bar go and then you find out his tongue has got tungsten to the middle of it doesn't matter really doesn't matter because it's not pure gold i want to pure back and i don't want to fake becky looking with the amount of components of the handbag are worth twenty bucks and the effort has gone into as well you know the design is going to be at the legacy that has behind it you know the history of something like a back and hamburger mowbray handbag which you know is much cheaper than prices in a bottle well they may well be and this is something we can look at and get real but you know the point is that this is this is something else that people are choosing to put that money and you know if we could draw a comparison a very nice comparison see the women in india wearing gold around their necks is that what the women what it is go to other friends of value to women who will say two things divest by their wealth into an expensive one bag maybe that is something we could look at but they're not storing your wealth in a handbag and i was going to take another back and hold its value if you have got a really good and i expect and it does hold its value are you saying bourke in a burka i'm. ok i get confused sometimes wants me to mention it several times

because it shows oh i see this whole thing as a sort of santa clause to go down and get to me we had about a minute left on its i was shoes shoes i noticed over the years that women have a fixation she's on shoes. and it seems to me that shoes are for women what cars are as a man yeah comment on them i think about it because you can have more of them have been a little you know you cut your outfits up the looks different she has to match your outfit and again you know they give you confidence everyone likes the men appreciate women when they're in high heels women feel good when they're in high heels they're pretty nice paintings again she's here yeah and i think and we come back to the high. bag thing in that you can be using them and say you know them design is these them good materials going to make spencer's material i'm saying it should be cars for a man represents freedom in

a lot of us and for women shoes are an expression of transportation and freedom to some degree to some degree but you very quickly but you can move through a crowd with the right shoes in a way that you would not be able to move with a pair of flats or trainers as they call them here and other words if you had high heel pumps from chanel you know it with a nice. you could see through a crowd like you're of got a muscle car from the one nine hundred seventy s. and you're a guy you know saying for women it's their mode of making a statement and getting as i am way i've arrived in this crowd i'm going to say maybe i don't mind i travel very quickly on high heels but maybe that's something else that you and i can try out how quickly the crowd in paris and. we're out of time. and i'm sorry to say we're out of time we got to go so jeff goes good luck with the new show you the crowd funded on star joy dot com and you can pre-register right now and check it out until next time thanks so much thank you very much ok

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 jan squirrel's of the real asset company if you'd like to get in touch tweet us at kaiser report intellects on. why is the price of gold so high. demand global demand. think gold is money. the value of the only plays we have to live of the water that we need to survive

it's not compared to gold i mean gold we're not going to eat gold we're not going to bait with gold. we're not going to drink up what clearly what amal is and is in a desperate economic situation absolutely right what we're running to do is say there for any kind of economic development from the outside is going to be a benefit their only purpose is to extract as much money as possible to feed into the global financial system. with me or part of the geo political economic system that's extremely exploited or. first of all is a question whether mining should even be carried out altogether can it be done in a way which doesn't destroy people's was resources environment well you know those are pretty serious questions mining is not a what

a moment problem it's happening in asia in africa and south america in central america in mexico and it's even happening in canada and the united states. if you. know opportunity. to start to construct your current. if you don't want to be in bed give don't want to be gangstas you don't want to be. they don't want that time again be we can't see. you just me because i was and i was in the hood. but i said. i don't want to die i just really do not want to die

young young. iran considers a bill on accelerating its nuclear program if new u.s. sanctions are imposed as western powers urge it to fulfill an agreement brokered in geneva seen as a key breakthrough of two thousand and thirteen. a child born today will grow up with no conception privacy at all privacy is on the verge of extinction warns edward snowden as he takes to the british airways giving an alternative to the queen's speech and wishing everyone a merry christmas. and competing is nice but winning trumps it all say athletes as they ready themselves for the sochi winter olympics stay with us as we report on one paralympic contender is using that gold fever to turn tragedy into purpose.