welcome to the kaiser report i'm max keiser happy boxing day boxing day is traditionally the day following christmas day when servants and tradesmen would receive gifts from their bosses or employers known as a christmas box and one of the masters of our universe left us in our christmas box today oh. for good and all not even a lump of coal seams in fact i'm afraid to say they the masters of the universe have robbed us blind to twenty six million 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. all 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 tuesday 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 report suggests n.s.a. engaged in 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 we 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 and 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 trillion 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 in 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 bad guys are out there they're not the n.s.a. oh no well trevor tim of which is the electronic frontier foundation tweeted this he said doesn't n.s.a. report recommendation imply that n.s.a. is conducting offensive cyber attacks against financial system 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 against 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 it may. that you sent money to the bad guy so we this is sort of east germany that you saw in east berlin during the cold war days that's what the stasi was doing. in the merkel actually make a 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 get up and. you know take a kidney it's all right along as long as i'm safe as long as i'm safe that's ok take my kidney so along with the same sort of thing of the boxing day what sort of presence have been left and what sort of presence 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 thirty five billion pound tax gap as a pursuit 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. it will go after you because you're not the right it's 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 opponents 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 that 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 it's 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 seldon ableson who want to leave fortunes to their children to pay state or gift taxes a forty percent on those assets it also has 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 democracy or even capitalism it was 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 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 to used to do used a bit coin as a way to escape the occupation and you mention the original bantustans or the original model for genocide by core pocker c. 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 well in the name of leonard peltier i commend 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 i've got to put on my indian head dress and do it but going down where's my christmas box it's in my bitcoin dancer in. whatever that is. state you have a second half a whole lot more. back in two thousand and three the rules of the game were not very clearly defined down what what our cost was locked out for you know was probably being done by many all their only cards but now the state made it absolutely clear that it's not going to tolerate breaking the law and one became rich as a result of the pilots association was breaking certain rules because the rules have very sordo who wasn't virtually nonexistent. so if their call to get

was sent to change then i guess everyone else should be in the same jail was. the beginning of them opened up to. most of the free my life. it's a narrow enough temptation. to douglas last for six months. as the people. and it's as easy to hide the rifle as a screw job. because you either do so with a special or a new indigenous people but the world that you do choose just frozen like. this is or could be right about. if you're welcome doctor.

well go back to the kaiser report imax guys are done out of turn to cause a 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 q merry christmas thanks and 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. some with color well with

a breaking story here best miss pies now let's talk about what's on everyone's mind this time of year gold and silver now barring a last minute serves 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 one thousand seven hundred seventy six period when we sort of correction as well was in terms of next year i think we'll still see prices remain i don't think we're going to be seeing you know often 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 teasing that if the last few months and i think now that's probably going to give a bit more focus to the speculation in the market they're not just going to be looking at what the fed's doing all the time and money policy you know there are all these other central banks that expanding their balance sheets that's going to get some but so which i know you're going to talk about it 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 for a second if you go back to the seventy's period just mentioned. precious metal prices went up against a. backdrop 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 sober 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 many as we discussed in the past a demand for this particular day and you know the u.s. mint the canadian men and the perth mint at the top three sellers of coins this year when the u.s. mint just one 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 one out so coins to one's gold coins is forty eight to one you may say so was far outstripping and go tomorrow and say that 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 so what has a similar price action is disappointed to a large extent we have seen people replacing their gold mine for so with demand just in this quest to have some form of sound money and a safe haven so i think there was a much better reflection of the general consensus of how people are feeling about their cash in the bank and 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 is the cost of production and every other goes into that business the with the sober 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 of the restricted someone yeah i

think you know there is there's he's discussions going on a lot of conferences a fake thing around this cost of production course marginal cost and i think overall the general consensus. close to twelve hundred fourteen hundred dollars so you mind and outs of gold and say we are heading below that cost you the price of gold is but you know 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 costs that they're already sunk cost of going in and so mine production gold mines they can still expect it's 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 miss

a 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 already genocide for being an analyst and a presenter you're also an entrepreneur and you are embarking on a project where you've looked you're launching a new show called get real it will be available online the first one has already been online it's got twenty thousand views that's a hit by anyone's standards also about it oh yes it's great. and we're going to be real assets so the first one was on gold and so 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 investments out there that haven't even crossed my mind my most favorite one i'm looking forward to see is how bags is expensive and expensive shoes and shoes were a 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 or look at. farmland all these amazing different things that people perhaps wouldn't have considered investing in but their real. exists that's finite and there's a demand for real stuff there was a bottle of wine a day or so i brought you but a wine made a wry smile with thank you this isn't quite the good stuff that you should have pap yes this is like the pope's wine yeah it was just i was it was a mexican even if they missed some kind of mexican abreu if. i knew i was mexican there why not we talk about. actually day wind you know that i'm but you know i gotta keep the good stuff of all i can bring my own thanks john yes really sort of you to bring me the mexican chef so i didn't 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 was to solve yet 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 significant you lie even to the point it devolved to even make that much of an impact on the gold price of gold spike they went back and mentioned that 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 on precious metals so smuggling is becoming and contraband and 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 three pre-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 to 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 speed c. shaped body yeah what's great about crowdfunding is that our founders i will save you the audience you know i funded it will say 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 up state of get real people contacts going to me 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'm certain watching the show because we're trying to protect his territory up in the north pole so our tax from big oil and mrs claus a cent on the subpoena 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 down there in mexico they were i wasn't quite the brunt of sheehan i'm back 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 work that's for you first thousands of them who might but lots of people do you. they. claim design is often come out in limited designs. ok worse an intrinsic value story there i mean you've got a designer you've got a design but if i were down to the local shimada rag dealership today. you know you can say but that's right saying you know you could have a bar go and then you find out his tongue is got tungsten to live it doesn't matter so it doesn't matter because it's not pure gold i want to peel back and i don't want to fake becky looking but there are lots of components of that handbag are worth twenty bucks and the effort has gone into as well you know designs going straight to a legacy that has behind you know the history of something like a back in hamburg or mowbray handbag which you know is much cheaper than prices in a bubble 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 their money and you know if we could draw a comparison

a very nice comparison see their women in india wearing gold around their necks is that what the women what it is gold yeah that's intrinsic value to women i will say two things divest by their wealth into an expensive one bag maybe that's something we could look at but they're not storing the wealth in a handbag that i was going to talk about back and holds its value if you have got a really good and i expect and it does hold its value are you saying berkin or birken. 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 how to get santa clause to go down and get to the money we had about a minute left on its i was shoes shoes i noticed over the years that women have a fixation on shoes. and it seems to me that shoes are for women what cars are as a man yeah comment on why i think she's a better because you can have more of them. but a little you know you cut your outfits up so you look 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 painting skin she's here yeah and i think and we come back to the high. bad thing in that you can be using them and say you know them designing them good materials going to make spencer's materials i'm saying 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 can read me 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 flat source or trainers as they call them here and other words if you have high heel pumps from should know you know it well the nice. you could see through a crowd like you're of god a muscle car from the one nine hundred seventy s. and you're a guy saying for women it's their mode of making a statement and getting out. in this crowd i'm going to say maybe. i travel very

quickly on high heels but maybe that's something else that you and i can try out how quickly. 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 was made next keyser 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. he survived the atrocities. to make cycles as she. has changed his life and the world around them.

by giving. and lots to so many children. nikolai the american worker on tape. this is extremely interesting. strategically she told china. an undercover team of journalists trying to release wiki leaks documents about how the united states is trying. made me a local media more pro-american they encounter fear ignorance and pressure. the country blocks the way to information freedom. media stop on our

t.v. why is the price of gold so high right demand global demand do you think oldest money . know the value of the only place we have to live of the water that we need to survive it's not compared to any gold we're not going to eat gold we're not going to be told. we're not going to drink oh well clearly what i'm all is and it's in a desperate economic situation absolutely right what we're wrong to do is say therefore 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 heart. geo political economic system that's extremely or split. the

first was a question with the mining should even be carried out altogether can it be done in a way which doesn't destroy people's lives resources in burma and soon will. 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. dramas to be ignored. stories others refuse to notice. faces changing the world. so picture of today's. on demand from around the globe.

local. t.v. . watching r t it's nine pm here moscow now tonight u.s. drones and hellfire missiles on their way to iraq washington is lethal aid to counter attacks from al-qaeda linked extremists are also gaining ground in neighboring syria. fresh immigration initiative in the united kingdom slammed as ethnic profiling by the un who fear it could trigger a sweeping crackdown on workers in asylum seekers who within legally. may unfreeze and accelerate its nuclear program if washington introduces new sanctions something that could undermine that historic geneva agreement seen as a key breakthrough twenty thirteen. and legal cases brought against russia's football tycoon mikhail khodorkovsky had to be reviewed the move by the country's highest court could lead to previous sentences being overturned.