owning the painting you've got reference to portrait of a man. and you have a photograph that's the exact same painting that is now illustrated or described as the seated man. finally james palmer knew what the painting looked like. but where had it gone he searched everywhere activated his contacts toured the auction rooms archives and museums. and after a few weeks ago. he found a trace of the painting here in london in the catalogue of an auction held at christie's in one thousand nine hundred six. the painting was intitled seated man with a cane. but who owned it. it was acquired by a shell company based in panama international arts center whose registration document is seen here. its rightful owner is unnamed. and yet

palmer refused to give up and finally discovered another lead to finding the true owners. over the years the work appeared in a number of catalogs. and every time alongside the name of one of the most prestigious galleries in the world the helena maud gallery in new york run by the daughter of the family patriarch we ran into at art basel. james palmer decided to write to her.

when else shows seem wrong. when old rules just don't hold. any new world yet to shape our disdain comes to catapult and in games from an equals betrayal. when so many find themselves worlds apart we choose to look for common ground. this is an amazing story because that hour say religio political impact of that going on a g. twenty country g seven countries japan actually the spending power the culture the rise and they call in the millions of people have been buying it in japan the multi billion dollars that they've appreciated in value is causing a genuine effect in their economy and this is going to be the year twenty eighteen where bitcoin cryptocurrency is have this geo political influence. i had a great education a good job and

a family that loved me. i never had to worry about how i would eat somewhere i would sleep. but i'm facing christmas alone out on the streets of london. well you know to be honest. i cut the employee like going to school you know to simulate it to still give up food for the homeless to. her. because you don't really feel like you could be you know. and then. the guy just came over to me assume me and gave me a change of this book. well the lawyers for our client contacted. the hell.

out of new york. and they were ignored. which is not right it's not proper so i think after about a month or so they wrote him again and again they were ignored and eventually there was a response and their response was essentially you are suing the wrong people you should be suing the international art center and we have nothing to do with that. james palmer was not taken in by her response. he filed a lawsuit against the health gallery in new york. but once again the lawyers denied the family were the owners of the painting. here is their statement to the court in new york. international arts center and nobody else not the head gallery nor david not maad that bought the painting at an

auction held at christie's. things stopped dead there until two thousand and fifteen and the leaking of the panama papers extraordinary. a document published by the journalists revealed that behind the panamanian company international art center was the renowned art dealer david. so he was a shareholder of the company that owns the painting despite his constant denials. the detective had scored a point. now he just had to find out where seated man was in storage he had a bright idea maybe it was in the geneva freeport where the number of family kept the major part of its collection. the swiss judiciary issued a search warrant for the storerooms in april two thousand and sixteen and discovered the holy grail the much sought after painting. it's hard to say if it

was hidden or not but it was kept very discreetly in the freeport where there are no mad family are estimated to have of both three to four billion dollars worth of art or about four and a half thousand works of art in their little room in a freeport. painting claimed to have been looted was well and truly in the storeroom in the freeport a revelation that caused an uproar. the heirs of the antique dealer stettner have now filed a claim for the restitution of the painting we contacted the no months after several attempts they finally agreed to open up their store room at the geneva freeport and to show us the painting in an exhibition room. we would never meet the art dealers themselves but they did accord us an exclusive uing of the painting a very solemn moment. the

work was handled with great precaution it is estimated at about twenty million dollars today. the families with smaller would tell us their version of the story. but they want. make a set that i laugh i mean i'm at peace and on a. fact. internationally. tony is a on the economy going to. mean a mad. game. to clear his clients even further blow or even raise. has doubts that the painting ever belonged to the jewish antiques dealer stetson or. mr states and yet they.

they don't seem to be. any perceived. in that given us. is extinct. what. the. in physically explicit. let us down and. i mean by. this. we had only a few minutes to film the painting. but as the handlers turned the work around we happened to film something on the back that we only noticed later this label from the one nine hundred thirty venice biennale. the owner's name had been crudely erased. and it looks like that of staten or.

a clue to which the detective never had access and which could be crucial for the next stage of his investigation. the canadian detective is convinced the geneva freeport could be housing other works of dubious origin. well i think there's a high probability that many other paintings in the freeport were probably looted and probably rest there today that have not seen the light of day for many decades and i believe they're there and i think that it would be very interesting if the public were made aware at least the art industry were made aware of what those paintings are so so that you know if the prosecutor's offices what sort of for example were to prove. us with information on all those paintings we could pretty quickly tell them which ones are store pretty quickly. for the swiss art

dealers lawyer there's no point in dreaming no one will know for years what's really stored in the freeport. best while this sort. of. little is i'm not happy that he saw before. there was a. french customs investigator is of the same opinion even if he is on the other side of the fence. people following of them also region if. you combine all of that i don't feel says we should know him on the beyond on a softer you befall it so i. don't use aside the more boffo i can. reproduce or it don't. give us the whole supper related or the actual satin diskette because in the

discussion. in geneva the middle yani case hit the headlines. the freeport authorities quickly became concerned about bad publicity. so in june two thousand and sixteen they called an emergency press conference. all representatives of the main swiss media as were invited. was a. bit of yours and then we got started. on the floor where the president of the geneva freeport and his general secretary. both men seemed self-conscious rejecting all responsibility regarding the supposed owner of the painting david no money. made he said if you're always doing more exact. a little. more than michelle's eleven thirty six to this little blue

a little bit over the last low profile you created incentives and got this is illegal. in the us is. also got all a slew of also where that these values are not there as they were that all. of us also. read a bit the this is us is restored. if it's the most your who. was a also the more it is you more as far as your u.s. soldiers go those days are to go. but what other secrets are really hidden in the freeport. in switzerland some official authorities have become extremely concerned we managed to obtain this report from the swiss federal audit office it unequivocally denounces the opaqueness of the geneva freeport.

irregularities regarding inventories and absence of traceability of merchandise. errors in stock accountancy and recurrent problems which occur during controls. our french customs officer includes laxity on the part of the swiss administrators that oversee business conducted in the freeport. zero point six one says. it is a nice house from pervy order to mock him all. of us from our lost out on to the knesset. just took his risky saw the vans are in your memory called. lonely but you don't remember. need mom was just saucy it on sick but. i mean complete. ripoff why.

they don't play for money to. make. in response to widespread criticism the recently appointed president of the geneva freeport a magistrate known for his integrity is supposedly fighting the good fight polling for much stricter regulations. new schemes were. going to need. to. feel more. cautious and.

this man is aware that there is still a long way to go. but having agreed to make concessions on its banking secrecy will switzerland also finally agree to open the doors of the world's biggest safe. most people think just stand out in this business you need to be the first one on top of the story or the person with the loudest voice of the biggest raid in truth to stand down lose business you just need to ask the right questions and demand the right answer. questions. hey everybody i'm stephen bob.

taft hollywood guy you know suspects every proud american first of all and just start washing and r.v. to say this is my buddy max famous financial guru well she's a little bit different i've. only got one of the oh no windows up with all the drama happening in our country i'm shooting the brood have fun meet everyday americans. and look for the story to bridge the gap this is the great american people. in two thousand and sixteen the panama papers show the world with a tax haven the secrets two trillion united states dollars passed through most. in

the amount of time that we had that then in the panama papers exposure that's what it shows a lot of money it really is. journalism it's an act of journalism looking at things that people want to keep secret and asking why would they want to keep these things secret. millions of most fun psycho documents where examine. all the people which basically have tried to get an advantage out of this sort of newspaper. and probably other politician which was tough at the other politicians the media were quick to find their targets such as the kings of morocco and saudi arabia the president of argentina several prime ministers. and russian president vladimir putin of course. oh my god i've had so i have sued so many newspapers for defamation some things don't just happen by. it was very

striking there were no more americans and gold this specially. of people from the brics countries specially brazil russia and china that this special project reveals what was missed in the media coverage. of the panama chronicles. it's being called an olympic truce after months of over the top rhetoric the two careers are talking again the first time in two years is this a serious diplomatic opening or merely a ploy south korea appears to welcome this opening is the same apply to washington . young children have worked in bolivia for generations almost three quarters of a million a doing so today. this culture led to the development of bolivia's new liberal and

highly controversial children's code in two thousand and fourteen which gave children as young as ten the right to work under certain circumstances one doesn't isn't this. is all new for. the. elite but with that you have in the end all. the things years. but there are hundreds of thousands of children in bolivia operating completely outside the local . mining work is strictly forbidden by the children but it's never enforced and that means the school boy minus here continues risking their lives for the money they need to survive.

still to. come. i put our grants citizenship to wiki leaks achieve joining us on issue has been unable to leave the country's embassy in london for more than five years. and undercover reporter suggests twitter prevents users from seeing certain kinds of political content through a technique known as shadow bandit. president putin says that the north korean leader kim jong un has won the latest round in the ongoing nuclear standoff with western powers. for the latest on that nice stories you can head to our team dot com stay with us for the kaiser report finding out why of bitcoin is

boosting the japanese stuff. funny appropriate no circlip remember the south of france through customs they stole deal oh well they were the kaiser report i'm max kaiser today we're going to be covering some interesting things. well blacks in the second half we have a special with jim rickards we were in new york in december as you remember during christmas we had an interview with him but we did a little extra so before i talk about bitcoin because i know that might trigger him we're going to talk a little bit about gold just to remind everybody just briefly that i've gone long gold for twenty eighteen i believe we're going to see a few good up years it's been very boring for the past four years where it's been

trading in a tedious range especially if you're a big coin investor at which has been parabolic and exciting so just see now i've gone long gold and gold miners and so far they're doing pretty well so that's fantastic this is you know i think you're going to be up really nicely versus the price of let's say oh i'm copper or so industrial metal or maybe you know christmas trees in crypto terms it'll be like you're dead but you know in other terms it'll be exciting well yes because it encrypts of currencies are exciting but the other thing that i think is happening is not only will the tax cuts they will benefit us but they will not benefit the budget deficit and the national debt also you have the fact that. but you know the stock market's

going to to twenty eighteen at some of the most overvalued numbers in the history of stock markets so i reckon that obviously markets can remain a more rational than anybody could remain solvent short betting against it but i think should there be a spectacular bust i think even with you know even though the fed has raised interest rates a little tiny bit i think there's there's little that's going to be available to combat the crash that does come if it does come in twenty eighteen or twenty nineteen and i think therefore it's probably quite wise to home called that's my opinion that's why a couple of mornings or so i've picked up on was the debt you mentioned debt is rising and gold tends to track the rise of debt you know house of the last few years has been stuck in kind of a bearish trend those compared to some other stuff but if it catches up to the debt chart you know if you overlay those two you know you could easily get to twenty

four twenty five hundred on gold and that would bring it back to kind of a normalized price action versus the amount of debt in the system i agree with you there so that's like a almost one hundred percent move from here and of course silver being it's crazy uncle would mean you know so over a fifty sixty seventy dollars an ounce you know that would be a big bang for the silver buck for sure and i'm not in any doubt about that now speaking of sort of the debt economy's overloaded with debt you had the bubble of japan from one thousand nine hundred eighty seven eighty eight when it started to crash eighty nine eighty nine of those capering track. and so it's still you know what the stock market there are still twenty five percent below that peak in one nine hundred eighty nine so however you know what three decades law that last decades. they're looking forward to possibly coin actually finally boosting g.d.p. their big queen could boost japan's g.d.p.

no more analysts say japan's bitcoin craze could help the country's economic growth research analysts at no more instinet said we estimate the wealth effect from unrealized gains on big queen trading by japanese investors since the start of twenty seventeen and estimate a potential boost to consumer spending of between twenty three point two billion yen and ninety six billion yen which is about two hundred six million to eight hundred fifty five million i think that's you know it's something i point three point three percentage points they would add to g.d.p. we were the japanese are some of the biggest four extreme years in the world well this is an amazing story because they were saying real geo political impact of but going on a g. twenty country g seven country japan actually the spending power that comes with the rise of big going in the millions of people who are buying it in japan the multi billion dollars that they've appreciated in value is causing a genuine effect in their economy and this is going to be the year twenty eighteen

or a big going to cryptocurrency to have this geo political influence you've got the central bank of ghana who is allegedly we're going to get more of a rumor on twitter might not be real going to dig into this i'm reaching out to my contacts and gonna get some people on the show to talk about this but they're adding to their central bank certainly for a fact we know that all gary has three billion dollars worth of bitcoin right and that's because they have some bad guys there are a lot of the you know the online hackers and you know scam artists the sort of nigerian prince scam artists a lot of it goes through there the people of venezuela have been you know using record as a savior as a lifeline because they're currently one of the hyperinflationary collapse so there's four countries right there that are still in some process of getting more involved on a geo political level into bitcoin and of course they're going to be buying that for. central banks and the sovereign wealth funds we buying it as well plus runs and you know you get to twenty eight thousand and twenty eighteen as

a reasonable price target pretty quickly so i mean these could be issues that basically negate my bet on gold because i'm betting that the stock markets will crash if the economy starts booming especially in japan which has been dead for so long you know it could it could be a change my thesis but right now i feel like it will crash and here's some data so . going into the first quarter of twenty eighteen moreover the fact that the rise in prices was concentrated in twenty seventeen q four could result in the wealth effect materializing in twenty eighteen q one in the first quarter of twenty teen and if that is the case we estimate a potential boost to real g.d.p. growth on an annualized quarter on quarter basis of up to about point three percentage points and on top of that i want to say the fourth quarter of. the u.s. g.d.p. i think december is going to show a real shocking amount of spending on durable goods and. investment

by companies cap ex i know for a fact that i did that because once you know there are the tax cuts came in at the end of december you know your write offs your deductibles like are way higher for a twenty seventeen if so if you could jam in as much cap ex and twenty seventeen years you're going to be able to write off far more of it than you are in twenty eighteen so i know i bought are a lot of equipment computers and stuff that we need for the kaiser report and our other productions so i think we're going to have a surprise. and how much further this market rally might be able to go oh well that's an interesting analysis you know it's a further look at the price of gold action and what am i doing twenty eighteen i've been saying for a while that the bitcoin is ation hyper because it is ation of the global economy will put a dent in the machinery on wall street to suppress the price of gold as we've seen

them do for a number of years and that will free up a path for gold to move higher as well and no more their analysis shows that the japanese hold three point seven million bitcoin which would equate to about twenty eight point five billion dollars at the exchange rate day at that moment that they did this analysis sure well it's sound money and it's money that is pushing out all the junk money all the money the money world is collapsing the u.s. dollar is in a hyperinflationary collapse against big going and money is headed today you know they tried it in nine hundred seventy one they went off the gold standard effectively and we went into a period that's never been tried before of every single currency in the world referencing each other with no buttress or without any balance without any reference commodity to give that any kind of reasonable foundations and failed so the other child i see for twenty eighteen is the. real bitcoin companies coming to

the market and the exposure of these kind of fake hysteria a lot of people there there is kind of a dot com like crazy around it going people have no understand and they're just throwing money at all sorts of stuff all sorts junk that they have no idea what it is one of them is c.e.o. of soaring block chain stock sells about eight hundred seventy thousand dollars worth of the shares the head of a small biotech company turned krypto has made hundreds of thousands of dollars in stock sales already john or president c.e.o. and chairman of riaa block chain disclosed in a filing with a us securities and exchange commission that he sold thirty thousand three hundred eighty three shares at a weighted average price of twenty eight dollars and sixty one cents remember the stock of this company called riot blog chain it used to be a biotech company they soared by six hundred percent once they change their name to block chain and their their nasdaq stock symbol to riot from like bio p. . but the fact is that this company right lists three blah.