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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 of a zero. for good of 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. changed your bank account balance that's what i've been up to. all those jokesters at the n.s.a. just playing around with the financial system for a father 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. and gage and financial manipulation changing the money in bank accounts the new white house intelligence task force issued some recommendations on how to reform the n.s.a. and recommendation number thirty one max read government 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

. i 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 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 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 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 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 as to 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 got 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

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 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 to 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. we'll 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 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 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 has saved the wealthiest americans one hundred billion dollars over the last ten years federal law requires billionaires such as sheldon adelson who want to leave fortunes to the children to pay state or gift 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. 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 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 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 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 and i 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. states have a second half a whole lot more to. this immediately though so we leave that maybe. privacy push to secure the place your party physical. issues that no one is asking with the guests that you deserve answers from it's all on politicking only on our t.v. .

i've got a quote for you. it's pretty tough. if they wait substory. but if this guy like you would smear that guy stead of working for the people both issues the mainstream media are working for each other bribery station. it's. a good read. well go back to the kaiser report imax guys are out of turn to cause a report favorite jam squirrel's 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 and 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 which 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 we have breaking story here best midge pies now let's talk about what's on everyone's mind this time of year gold and silver now barring a last minute service in the price will be the first down year in a decade so talk about it and what you see for next year. is a face down here 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 married next year i don't think we're going to be seeing a 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 if the last few months and i think now that's probably going to give a bit more focus to speculate 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 so so rich i know you're going to talk about that 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 we've discussed in the past a demand for this particular 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 store in 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 you may say so was far outstripping go to mom and say that's in that respect so you're getting that in the west is this phenomenal so demand and then a very in the east where there are some restrictions with gold maybe 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 mine for so with demand just in this quest to have some form of money and a safe haven and 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 there is there's he's just questions going on there are a lot of conference is a focusing around this cost of production cost marginal cost and i think overall the general consensus. close to twelve hundred and fourteen hundred dollars to mine and outs of gold and say we are heading below that cost in 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 costs with that they're already sunk cost and gone in and so mine production gold mines i 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 even if supply it 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've looked you're launching a new show called get real it will be available online the first one is already go online it's got twenty thousand views or 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 sort of i mean 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 see is how bags is expensive and expensive shoes and shoes were 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 davis from high cap so we have an expert from why invest and will continue doing this i would look at whiskey or look at. a live look at farmland all these amazing different things that people wouldn't have considered investing in but they're real. exist that's finite and there's a demand for real stuff there was a bottle of wine a day after i brought you out of wine my rice mouth thank you this isn't quite the good stuff that you should have pap yes this is like the pope's one. is a mexican even if they miss some kind of mexican to brew. mexican their wine that we talk about. it's 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 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 was to solve 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 india has been phenomenal they say which is inevitable when they come down on gold how they have a real go to have been significant you lie 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 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 now 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 high speed c. shaped body yeah what's great about crowdfunding is that our founders i will say the audience you know are funded to say the audience they're 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 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 when i've started to watch the show because we're trying to protect this territory up in the north pole so your tax from big oil and mrs claus a cent on the subpoena bills 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 and i wasn't quite the brando she's in 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. the work that's for you fifty thousand of them who might but lots of people do you. they. claim design is often to my limits designs. ok worse in terms of value story there i mean you've got a designer you've got a design but if i were down to the local rag dealership. you know 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 live it doesn't matter so it doesn't matter because it's not pure gold i want to pure back and i

don't want to fake becky looking but there are lots of components of the handbag are worth twenty bucks but the effort has gone into as well you know design legacy that has behind it you know the history of something like a back in hamburg or a mulberry 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 value women are also choosing star best for 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 they are going to hold its value if you have got a really good and nice back and it does hold its value. ok i get confused sometimes wants me to mention it several times because it shows oh i see the this whole thing is a sub 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 that i think about it because you can have more of them have cars but a little you know you cut your outfit so you need lots of different sheets to match your outfit and again you know they give you confidence everyone like the men appreciate women when they're in high heels women feel good when they're in my heroes they're pretty nice paintings again she's here yeah i mean we come back to the how bag thing in that you can be using them and we'll say you know them design is these them good materials going to make spence of materials 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 or trainers as they call them here and there words if you have high heel pumps from chanel you know it with a nice sambal 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 he's never sang for a women a server mode of making a statement and getting asked where i've arrived in this crowd i'm going to tell you maybe i don't find i travel very quickly on high heels but maybe that's something else that we are and i can try out how quickly the crowd in paris and how come. we're out of time. and i'm sorry to say we're out of time we got to go so jeff gold good luck with the new show you the crowd funded on star joy dot com which you can pre-register right. now check it out until next time thank 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 guests chance coils of the real asset company if you'd like to get in touch tweet us at kaiser report

intellects on by. face. a pleasure to have you with us here on t.v. today.

from j.f.k.'s assassination to nine eleven the famous the fascinating look inside the history of the changes in shaped america through the eyes the blues i'll take. you inside the nation's newseum in washington d.c. all next on politics. we're going to probably.