superior cryptology in a faster rate this is why a lot of people are now moving into max coin because they realize it's a period to bitcoin in many ways big coin however does have a first mover advantage and it is widely adopted and there's a lot of services and goods plugged into it but i wouldn't be surprised to see max going to twenty thirty forty million dollar market cap in the in the short term so the price fell down to below one hundred dollars at mt gox went back up to three hundred dollars three hundred forty dollars then fell back to two hundred dollars now during that whole time mostly here a lot of shriekers and it's also good to remember that this is what regulators this is what central bankers this is what politicians are hearing they mostly hear the streakers because they shriek louder than most than normal people who are understanding like jim rickards could look at it and say well the market is just pricing in a sixty five percent chance that mt gox will collapse just like argentina for example their bonds on the face of it will say one hundred us dollars but you can buy them for fifteen dollars that doesn't mean that the u.s.

dollar went to fifteen dollars that means that people are thinking that argentina has an eighty five percent chance that they're going to go bankrupt well it's so locked of reporting on financial news we see it in the gold market the physical gold price is a lot higher than the paper price on very sixteen inches but the media will report on the paper price even though that's not the actual physical price of gold in china and india and around the world were chatting in five ten fifteen percent higher prices they also choose to pick the absolute least interesting price or representative price for a big coin by picking on the mt gox price which is not the price of bitcoin why because they say the agenda here is clear banks don't want the competition they don't want good coin to succeed the central banks that deal in money don't want a competitor they don't want to cryptocurrency they are going to report the news in a way that reflects their interests unfortunately. there is no pure objective news

source any more exciting aside from this show now over at mt gox back to there and at the time of this reporting there are still up and operating they have deleted their entire twitter stream we don't know by the time this airs they could have gone bust them are compelled to jump from some building in japan but there are still active trading going on there there are people in the market who are gambling who are taking bets that take a high risk just like paul singer took a risk buying argentina bonds at fifteen dollars fifteen cents on the dollar he got courts in the us to recognize one hundred cents on the dollar for him but there are people like roger baer a huge bitcoin investor who has been buying up some of the bitcoin at mt gox taking the gamble the risk is a huge risk for him that they might not actually allow withdrawals but many are calling this the death of mt gox but the extension is yet to throw in the towel changing on the site is still active and according to marcus centaury chairman of the big quinn foundation's very glittery affairs committee there's

a lot of people who think that they are getting a deal if the exchange manages to remain in business through the ordeal and resume withdrawal functionality that those people are getting a good deal buying in a low of one hundred thirty five dollars only to turn around a week later and turn it into a six hundred dollars or more is exactly that perhaps a possibility of a quick major again is what will ultimately save mt gox from insolvency but there is what you would call an exchange arbitrage between the price on mt gox and other exchanges the paul singer comparison is a going to call center will engage in vulture capitalism as it's called picking up sovereign debt pennies on the dollar and then sued the country for repayment and for all of that debt it's not a very. pleasant activity he's engaged with just read the reports of greg palast on this to get a fuller detail but roger varos one of the founding fathers really of the bitcoin movement is acting as an arbitrage or buying big. going cheap on mt gox

and then dissipates ssion of there being a closing of the price gap and then here we'll make some money and he's providing liquidity in this market which is very very vital also in europe comparing to another currency that people many people are screaming out of control of the euro is going to collapse two records that we had on the show at this time said it's not going to collapse it's actually going to be stronger than the u.s. dollar that was back in two thousand and ten two thousand and eleven he was saying that right here but this is an article from december two thousand and twelve on bloomberg if you bought greek bonds in january you earned eighty percent your credit investors bold enough to buy junk rated greek bonds in january have earned twenty times more than owners of top rated german debt this year even after the biggest ever sovereign restructuring greek government bonds returned eighty percent this year compared with three point seven percent for german bunds and six point one percent for spanish security so back then when everybody was shrieking that

because the greek situation the euro would collapse a lot of people made a lot of money and greek bonds a lot of people lost a lot. as friends are now in the business of monetizing twitter activity twitter data and one of the one of the data points they filter for is the shrinking factor so when you have a crowd of shriekers let's say a big coin currently or greek bonds greek stock market as a contrarian and you can make money because the crowd is a variable the wrong you know that book that came out a while ago the wisdom of crowds you have to compare that with another book called the popular delusions of the madness of crowds that came out one hundred years earlier the fact is that people who have made a tremendous amount of money in these markets like george soros for example are warren buffett will do exactly opposite to what the shrieking crowd is doing so you see the shrinkers that they have a use if you're in the business. making money because they tend to sell the bottom

and buy at the top so in the case of bitcoin the shrinks are quite wowed which is bought a contrarian point of view the absolute best time to get into a big coin are bright my price target is still in the short term fourteen hundred dollars and in the medium term more like ten thousand dollars per bitcoin as the adoption rate skyrockets and you have all these other businesses that are not plugging into bitcoin all the venture capital is plugging into the big coin block chain so two years from now ten thousand dollars per bitcoin i think is in the bag now speaking of shriekers one of the most famous streakers of all time jim cramer remember during the early days of the financial crisis he went on to see him b.c. had a total meltdown shrieked about this is no time to be an academic you've got a bail out bear stearns my friends are suffering you've got to see the financial system well we now have those minutes released from the fed for five years ago

during the financial crisis two thousand and eight what the hell were they thinking fed two thousand and eight edition this is a quote from fed chairman ben bernanke at the time september sixteenth two thousand and eight two days before the collapse of lehman he said i think that our policy is looking actually pretty good our quick move early this year which was obviously very controversial and uncertain was appropriate he's of course referring to the seventy five basis point slashing interest rates on a sunday night to rescue bear stearns and j.p. morgan but here he is before the collapse of lehman brothers where he's like it's all the king really good we also know looking back five years that ninety percent of the game post collapse was grabbed by less than five percent of the investors not less than five percent of the households in america and around the world grabbed ninety percent of the gains in stock markets and doubled some banking stocks have quadrupled and quintupled ninety. percent of those gains were grabbed

by in the signers friends of hank paulson remember hank paulson told his investor friends that they were going to bail out goldman sachs and although the public domain he was saying he wasn't sure or they might have to fail but privately he engaged in a massive insider trading scheme and told people directly that the government was going to line their pockets with several hundred billion dollars well that's good to compare it to the big quit situation at mt gox now what hank paulson did is he told some goldman sachs investors that he would be bailing out fannie mae and freddie mac. though in front of congress to the american people he said that would never happen but indeed he did so only goldman sachs knew that he would bail out fannie mae and freddie mac. so this is one of the speculations about mt gox is that of course they know whether or not they have only mark karr peleus knows if he has big coin to give to his clients so he could if if he does have he could of course buy at one hundred

dollars and then sell them at six hundred dollars later well goldman sachs for more you know was actually taking a close look at that coin now and then been doing some internal research and circulating it internally so obviously they're quite envious of mt gox and big point at this stage and grabbing market grabbing attention it's obviously the growth industry to be and i don't think goldman sachs will participate like some of these other new up starts well but they will try and they of course will do whatever they need to do to try to grab as much of this business as possible then become goldman sachs' by sitting on the sidelines and then finally a quick little headline about the biggest participant in the money laundering operations of not big corn but the u.s. dollar mexico's top drug lord joaquin shorty goes men arrested so one of the world's most wanted drug barons joaquin guzman known as el chapo or shorty has been arrested in mexico he was the leader of the sim aloa cartel which smuggles huge amounts of legal. drugs into the u.s. . we must see how this will impact h.s.b.c.

because of course the stand alone a cartel was h.s.b.c.'s biggest single client accounting for billions in revenues over the years so we'll see i suppose they'll either get an overt bailout from the government or a stealth bailout from the government that's the way it goes states you've got to go thank you it could cause a whirlpool of dollar debt. all right stay tune for the second half oh love more. i think. they would like to know that you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open process is critical to our democracy correct albus. in

fact the single biggest threat facing our nation today is the corporate takeover of our government and across several we've been hijacked why a handful of transnational corporations will profit by destroying what our founding fathers once will just my job market and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying the problem try rational debate and a real discussion critical issues facing america by never feel ready to join the movement then welcome to the big picture. speak your language anything about the will or not a day in. the news programs these documentaries in spanish more matters to you breaking news a little turn into bangalore's kiddies stories. are you here. to

try to alter the spanish find out more visit i don't call tito it's comb. i know c.n.n. the most n.b.c. fox news have taken some not slightly but the fact is i admire their commitment to cover all sides of the story just in case one of them happens to be accurate. that was funny but it's close and for the truth and might take. off. for good it's because one full attention in the mainstream media works side by side the joke is actually on you're going to be coming up. i don't or teen years we have a different break. because the news of the world just is not this funny i'm not laughing dammit i'm not how.

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the real dot co dot u.k. channel to magnetize reporting very much sun shining oh my god it was fantastic finally now i've been reading with great interest on your blog you're talking about the latest and the greatest of five greatest gold robberies tells briefly about these heists and what lessons can we draw from them while i think number one is. very well i think about why do i say that i started well at ninety as i had to move around but it's been felt and it's very difficult to know and gold. my faith the top five overpraise that i enjoyed and these were just kind of criminal heights no you know none of the government money which lets people commented on same but the best one with one thousand and three i wrote me from the brink of all guys break into their warehouse that he thought they were going to get about three million in cash i think and instead we're faced with just tons and tons of gold that was

actually destined for the car east and then they say they were trying to go down to our house the veyron is scraping the floors they drive off under the weight of all of the code starting to refine and they would say proud of the thing that they pulled off that one of them even named his gold dog to me years afterwards bring math i mean just the kind of it's very entertaining story from from my late nineteenth century but basically if you can buy gold store in a. solicitor's think i'm over the italian job with michael caine speech or a gold robberies traces and a little mini's or scraping along yeah and this helps try to make off with all that gold so speaking of gold heists germany has not gotten all their gold back from new york apparently there's a heist going on and. would you add this to your list and what does fit into the heist in terms of the sheer quantity and on down. city well i think i would be in a different place because i was saying to you before we do kind of a bit of fun but i've courses that you can get

a hold of the list at least five if not more of these kind of government or central bank robberies of gold he is the go to be talking about you can look back at the nazis and you can look back at the theft of in japan if they go too late and we i cover that a lot but of course i mean to me when it's just the volume is unbelievable and i said we haven't covered it. i was talking about i mean they didn't have the similar volumes this is completely different and of course in this case unlike in the cases i've been talking about. we possibly know you might take the gold you know. it wasn't quite if they were based in the criminal code talking about if they said there's not a whole other level or maybe we should write another list and a lot of people even a lot of gold i mean according to ben bernanke the outgoing fed german it's just a collectible a trinket people might want or addition tradition yet it came to a thing called the barbarous relic so apparently there's people actually want gold well partly. but of course i want gold and i think you know you in your view is one

gold and then we'll go council figures that came out last year for last year they released last week say that no matter what governments say or no matter what restrictions put on people still want to hold gold and particularly in china last year but look in india where restrictions put on what was really interesting by the local council figures was the first time in twelve years i think u.k. and u.s. demond go to go demand climbs particularly in the area of jewelry so people do you still want to hold gold and we can't say there isn't a parallel wave go to monitor what's happening in the economy whether lately or internationally. you're. jenson has a piece about china's gold what's happening in china right now is going up. i think they're going to say that would indicate it's going higher well go down it is just climbing he really think it. january demands to hold the month and i think i think it was two hundred forty six times it was a record amount and this is when we will go counselor really think of going over

very mean just they've taken india to go tomorrow which is absolutely not the case if you look at the way the keys analyzes go to moment in china he does it in a much more methodical and he investigates much more and looks deliveries on the shanghai gold exchange and actually trying to just go back in two thousand and eleven and i mean you really should be talking about gold demand in china but we should be looking at how they're developing the gold market as a whole from the supply on the demand side facilitating sales what's happening with exchanges here they're allowed to trade dominates exchanges and of course you know there's lots of discussions about what's happening with the. reserves and that's just a whole other. story in itself but i think of china there's a lot of talk now telling us that they're going to announce that they've got not a thousand or two thousand but a number considerably higher than that yeah i think you know i think if you look at what. academics have written on this we could be looking at. five thousand

tonnes but so many people have done what it could be we don't know because we don't know about that mining figures that are happening and we can look at the hong kong imports and exports to china and we can look at ways we can calculate that but actually there was the lady pool in which gold's been imported chinese are buying up mines all over the world say we don't really know how much the p.b.s. they have what we what we do. what we believe is that they have a lot more than the one thousand and forty nine times they reported have it made right now gold is up ten percent. thirteen percent so is this the result of the secular bull market going back ten years or are we out of the woods only out of the bull market is this a good year tell us i'm actually really excited. to get out of a with a top i think in terms of price i had someone describe it was a really good way of describing the gold. actually it's not me to hold too cold we're going to take a step back a breath and just go right last year a bit tough and kind of. go through arco might divide it became polarized i think

with the phrase that the world gold council series so huge e.t.f. demand out consumer demand if you really managed to kind of stop that being quite as horrific you know when the prices as it could have been i mean i think we've kind of shaken out those people that were bad to speculate thinking now we've got the consumers in their queen demand looking amazing chinese demand so they can keep going as india's demand the west is getting more interest in gold so in terms of price i think i might be back on it if you move the thing from going out but at the moment i think it's going to be it's going to be a gentle climb up with that in terms of the bull market i don't think we're going to back on that scale but i think the faith in the market is returning now one of the problems gold has of course is that mainstream media tends to look down on gold prices down of course you'll see c n b c they'll have blaring headlines gold is down when the price of gold is up they'll be the right time to bottle it all but it's all part of the bottle so there is

a huge asymmetry in the way media reports called into this asymmetry you janet stacy herbert are jumping in with a crowd funding t.v. show called get real really talked about last time you were here. crowdfunding platform start join this is the newest and greatest thing right if it's kickstarter indie go go twenty third james gone there yesterday has just you all day this is u.k. based it's proper crowdfunding yet you have to drink while you're actually cross with your pinky up. so the project is called get real krauts on future episodes of people who already done a couple of episodes we have yeah we did i want to go and so we've been davies and we didn't find my new testament christmas from the point of death and right and the end of the pop pop. larry is quite high so this is the tell us about what people can expect on this a little bit i don't know if it's rio we'll be talking about that say i was looking

at we've had some great franco's and some great tweets suggesting things from chinese porcelain to the lie that farmland well my personal favorite which we discussed before you know that we can was that this guy back had. said i mean really when. you marry an oil and all these things but actually you know all this a really different real asset for people to get their hands on and again when we're talking about gautham on climbing if we look at for instance chinese portion or jade i mean the mom for that in the last three years old. it's just it's just been unbelievable this is where people want to put their money and i think i don't think people realize how to go about starting or they don't know anything about these markets. that let me kind of different if you have no you know we're all good friends of jim rickards who wrote currency war and he's got a new book coming out the death of money and he points to the art market and saying look people say that quantitative easing is causing inflation and other people say

it's not causing any inflation but in the in an area like art where you don't have futures contracts giving you the ability to suppress the prices like you do in gold and silver and in other areas the reflection of all that money is being captured by those prices of fine art that's absolutely skyrocketing through the roof yeah i mean every week it seems that there's another headline on record breaker kristie the scene of the cars collectible cars so just show get real things that are real in a sense whether it's fine art collectibles and bags etc they're really reflecting all this money printing but again the media doesn't want to cover because then they have to admit that there is really inflation and then they they would have to recalculate their indexes in the case of the u.k. government they would have to start paying. pensions that they don't want to pay out same thing in the u.s. there's a real incentive do to lie to them. about the real inflation numbers so

your show get real but your crowdfunding is actually a way to kind of let people know what the real inflation numbers are they're not crazy the real is really inflation had this is really happening you know maybe numbers are climbing and i'm actually a very good point and this is a true reflection of what's happening in the moment she faced them then you're being offered whether it in reality you know by the official government figures you know there's nothing thi head fake there's no inflation it's a worry but meanwhile we just talk about this you know i did a. piece of this is climbed in price the price of bacon a scenario i did not feel like i'm going to suddenly make it prices are really very little incidents in canada the entire country lives on big and hockey pucks this is you me what i think of anyone else mark carney he's out there every morning at six thirty am with a plate of bacon canadian bacon a good chuckle horse. with me i didn't know that so let's talk about the course being crowd funded and you know you're going right to the audience not only

are they giving up five pounds or ten pounds for participate in funding this and maybe getting a premium or a reward of some type great rewards are they great. any handbags or shoes not yet i'm hoping that my reward. fair enough. they are also suggesting topics they want to cover so tell us what the public what their what their hankering for free to come over on your new show get real. ones i just meant we had no suggestions about trying to of course then find. another but that hasn't i mean i think i may be doing if you let me drive on your class because i think that would be a perfect start to show i think driving across tower bridge there's a show that jerry seinfeld comedians in cars going to have coffee this could be part of the rewards. could be you're in a car with oils driving across tower bread yeah drinking tea yet for twenty pounds

would you drink tea in a convertible and go across tower bridge you should drink and drive and maybe think well that's a good cabbie outside make here in this country is that it seems like the national pastime is in fact drinking. let's get real project the site is start showing dot com a crowdfunding platform i started just a few days ago to fill this critical need for honest media i think is a great idea and i'm really excited to get rid of this one of the five projects i got to go thanks for your time this is. all right that's going to do it for this is an episode of the kaiser report with me max kaiser and stacy herbert like to thank our guests chance coils of the real asset dot co dot k. and coming soon the smash t.v. show get real if you'd like to get in touch with us the kaiser reported flex time by zero.

economic down in the final. days. and the rest i think he will be a prickly. little . girls can bowl for a few. your honner. between two and three hundred million guns

united states so you can act like they're not here and keep kids away from them. the plaza sound is a law or you know i mean this teaches them a lot of the sponsibility this is the gun debate through the eyes of children if we can't do it for our children for our future what. will solve. all but i will only react to situations as i have read the reports to the pollution to the no i will leave them to the state department to comment on your latter point of the month to say it is mr kerry a car is on the docket. there they do no more weasel words. when you made a direct question are you prepared for a change when you have to run should be ready for a. critical stage and let down the freedom to question.

crowds rally in the ukrainian city of sebastopol in a show of defiance against the self declared government and voiced support for the new mayor chosen by popular will on sunday the real path into the e.u. it's not going to be the german path it'll be the greek. and experts warn that financial aid from brussels and the international monetary fund may prove a slippery slope for ukraine. washington mulls over whether to leave three thousand troops in afghanistan beyond two thousand and fourteen as a bilateral security agreement with kabul hangs in the balance. and british muslims cry foul over the earth government's camp.