to max and stacey explain how or peroration zar duping an unsuspecting public that's coming up in keyser report next on our.

welcome back to the kaiser report imax keyser time now to go to paris and speak with the argument of its author of blith masters the best selling book about j.p. morgan's head of commodities and the inventor of the credit default swap or as i call the credit fraud swap pierre welcome to back to the kaiser report. pierre your thoughts on the latest reports that federal energy regulatory commission is investigating blith masters for energy market manipulation in california and michigan. well i told that are quite simple she has been set up period if you if you have read the article of the new york times. you will see two fings first of all the mention of madoff so the name of bernie madoff is mixed up with the blight matters and the second reason is that she you know and there is this investigation for. let's say uniquely eighty five million dollars which is absolutely nothing you know nothing compared to billions of billions of dollars you know bankers told from from the people so yes something you know something very very bizarre is going on and. when you know black masters she is ev

welcome back to the kaiser report imax keyser time now to turn to comedian and glaswegian frankie boyle frankie welcome to the kaiser reports that is why mimics all right frankie boyle george osborne has been up in scotland warning against independence what the heck is the story was scottish independence anyway and what are your thoughts on it george osborne mine every time i hear his voice i just feel i should gather my belongings and get off the line just like this is going to come and seized by she have possum for the other things that he's perpetually caught in a state of panic he doesn't instill a lot of confidence doesn't he says the transformation is just a. maybe it is like a table traveling sheriff of noida muslims and it is clearly someone is telling him could you know what's needed in public and he can't quite himself the. warning is gone he's saying you know don't going to plan it you'll die fall into the ocean you want to get the british pound is really warning them like oh you know how you'll never survive i mean the scottish people wouldn't take that bridge at this and sa

welcome back to the kaiser report imax keyser time now to turn to james howard kunstler of consular dot com and author of the long emergency james welcome to the kaiser report nice to be here max all right your recent post. dot com is titled no poem oh tell us about this. well at the time i was writing it at the suggestion that the federal reserve was going to stop its permanent open market operations of buying eighty five billion dollars worth of bonds and bills and securities and trash and other paper and i don't think any of us believe that the federal reserve can stop buying their that stuff because if they do the american economy such as it is will probably collapse the say that the fed is undermining the meaning and value of money itself which is the most dangerous game of all elaborate well the interventions in manipulations have impeded the main functions of markets in particular the function of price discovery which is the way that markets establish the value of everything you know whether it's a stock or a bond or any kind of investment and. we now have markets that don't have

keyser and stacey her but again delving into the global financial headlines this time they're coming up with a surprising theory on how the worldwide markets really operate. scientists used to believe that the earth was the center of the universe today economists who call themselves scientists claim that the economy revolves around these central banks and this is the fractal reserve system behold the sacred dow as you know of course we have this secret dow if the dow jones and the nikkei or the footsie if they rise if they continue to rise then all will be ok in the economy so we sacrifice our wealth our economy jobs everything to rising a rising dow but it's not what we would not predicted in other words we said that after the two thousand a crisis that there would be massive money printing and one of the likely outcomes would be hyperinflation in the stock index. this is artsy downloading free music in the u.k. could soon be a thing of the past british record labels have come up with a list of twenty five services they're willing to take to court to stop online bootlegging and save

welcome back to the kaiser report i'm max keyser time now to turn to john butler chief investment officer at fora prior to launching him for a john was managing director and head of index strategies group a do it your bank and before doing your back he was at lehman brothers also in london john welcome back to the concert thank you max always a pleasure all right john butler regarding the bank of japan policy sleat magazine writes the stimulus program will be affordable because under how do you the bank of japan is committed to printing as much money and buying as many bonds as there are out there well if printing money and buying bonds worked wouldn't have started to work at least a little by now somehow japan is simply repeating the same stakes over and over doing things that didn't work in the past on an even greater and larger scale there's no qualitative difference to what is happening now only a quantitative difference but it should be clear based on the track record of all of this that you're well into diminishing returns at this point and japan is simply dug itself into a hole and

welcome back to the kaiser report imax keyser time now to turn to als or macleod a former banker broker an economist who now runs the website finance and economics or it is writings can also be found gold money dot com he's also director of research also welcome to the kaiser report my pleasure max ok now you say that before the financial crisis of two thousand and eight total gold ownership in the west barely rose despite tripling of prices talk about this yes the reason is quite simple just imagine the two pots of people got one poster here who values something not very much going on all the pot here who values that same thing a lot more what happens it goes from the to. that is the west this is the east and that's what's been happening to go it's the simplest right so you've got this migration of gold to the east and we've seen it recently with this price drop the prices come in and there's a huge paper selling in new york and other places but this triggered for the first time a buying stampede in the east and this is completely different mostly recently where the price declines have

welcome back to the kaiser report imax keyser time out to go to bangkok and speak with john came of smart knowledge you john welcome back to the kaiser report thank you but it's always a pleasure to be back. we hear stories of traffic jams a billion shops in bangkok and asia have you witnessed this elaborate for us if you can. sure we see some of the strongest buying in asian markets this time around on the bank a raid on gold and silver paper prices and a lot of lives of the boys shops here bit of east a couple hour waits and you know the interesting thing is so we've had probably the strongest buying in physical gold since two thousand and eight in bangkok the same has been reported hong kong were the president the home com gold and silver shade society said that they received this strong they see the strongest buying on this takedown in fifty years max so you know everywhere in asia whether it's china of course has been reported so you have imported says beginning of the year over a thousand tons of gold from hong kong permits has reported the strongest by the take down in two thousand

welcome back to the kaiser report imax keyser time out of turn to mark happen allie and luke some sums of carbon tracker dot org this is the report you've got to read and you can find it at carbon tracker dot org welcome back to the show mark. and luke all right so this is the report your latest report is called an burnable carbon twenty thirteen waste of capital and stranded assets tell us about it or not show well the report is if you took the world's top two hundred publicly traded of coal oil and gas look at the reserve and the boom of the reserves there in the market how many degrees warming does it take you to and it takes where. the two degrees some are really good and signed up to take some close to someone i five for the. middle if you want to keep to two degrees and not everyone agrees to the but if you do and we haven't seen two degrees for a problem in the news then you have to write off eighty percent of the reserves of these public companies ok so first of all this but this in the context so you come from let's say the point of view of a bill mckibben for example over the

welcome back to the kaiser report imax keyser time now to turn to als or macleod a former banker broker an economist who now runs the website finance and economics dot org is writings can also be found of gold money dot com he's also director of research also welcome to the kaiser report my pleasure max ok now you say that before the financial crisis of two thousand and eight total gold ownership in the west barely rose despite tripling of prices talk about this yes the reason is quite simple just imagine the two pots of people got one poster here who values something not very much going on all the pot here who values that same thing a lot more what happens it goes from the to the. that is the west this is the east and that's what's been happening to go it's the simplest right so you've got this migration of gold to the east and we've seen it recently with this price drop the prices come in and there's a huge paper selling in new york and other places but this triggered for the first time a buying stampede in the east and this is completely different mostly recently where the price decl

welcome back to the kaiser report imax keyser time now to go to new york and speak with jim rickards for part two of our interview he's the author of currency wars jim rickards welcome back to the kaiser report thank you max all right jim rickards wall street loves quantitative easing but in the rest of the world economists and policymakers in emerging economies believe that q.e. eat is an act of currency war that will ultimately lead to a military confrontation your thoughts is a hot war possible well how is possible we may get one without quantitative easing just looking at what's going on in the middle east but coming back to the global situation you write about quantitative easing we are on a currency were a lot of people looked at what the bank of japan did in december two thousand and twelve and now into two thousand and thirteen with their massive you know one point four trillion dollar equivalent quantitative easing says oh my goodness from the currency where we'll know we've been in the currency war since two thousand and ten this is just the latest battle i like to say you

welcome back to the kaiser report imax keyser time now to go to misfire stein author of planet ponzi and the website plan of ponzi dot com hero here's the book you know plan a ponzi now in paperback it makes an excellent gift mitch welcome back to the kaiser report thanks for having me back to mexico to be here all right first question you are the chart man you bring charts today's charts is the vix the v.i.x. futures tell us what is the vix and why are we looking at this well i think what we need to talk about is credit risk overall globally and what's been going on with the central banking policy the central banks would like to promise to you they've built a lot of castles at low tide and the tides about to come in the vix is the volatility index in the us stock market and for some reason as the volatility has gone down mysteriously from two thousand and nine the volume of these contracts has gone from about four thousand five hundred per day. to ninety five thousand per day which is an increase of about two thousand so no i was under the impression that sarbanes oxley dodd frank a

welcome back to the kaiser report imax keyser time to go to australia and speak with das madonna of economist author of extreme money das welcome back guys a report it's nice to be with you max right does tell us about japan they're taking monetary policy where no central bank has before gone tell us what's happening and what could be the consequences. well essentially japan has adopted the coming because having done nothing for a long period of time and the economy's in the doldrums they've now got a three pronged plan plan number one spend more money than you have so this could be a massive fiscal stimulus secondly central bank intervention interest rates a b. and zero for about fifteen sixteen is so the central bank is buying assets it's going to essentially double the money supply and double the size of the central bank balance sheet within a couple of years and finally they're going to do some structural reforms but max it ain't going to work what do you think is going to well let me cut in here for a second because this idea that the panel's pursuing that they are engaged in more quanti

welcome back to the kaiser report i'm max keyser time down to go to new york and speak with jim rickards author of currency wars for the first a two part interview jim rickards welcome to the kaiser report. thank you max all right now jim records you were quoted in the new york post this week as saying quote we don't have to worry about a recession we are in a deep pressure to explain well we've been in a depression since two thousand and seven max and a lot of people. you know mainstream economists don't like to use the depression the word depression what i call the d. word the reason economists don't like to talk about depressions is because it's not mathematically defined a recession has a mathematical definition it's two consecutive quarters of declining g.d.p. with rising unemployment depression is a little more amorphous and it doesn't mean that the economy is declining all the time you could have growth in a depression what makes a depression different is that you make a growth but you don't get trend growth you get a sustained long period of below trend growth that's what keys to

welcome back to the kaiser report imax keyser time down to go to new york and speak with jim rickards author of currency wars for the first of two part interview jim rickards welcome to the kaiser report. thank you max all right now jim records you were quoted in the new york post this week as saying quote we don't have to worry about a recession we are in a deep pressure to explain well we've been in a depression since two thousand and seven max and a lot of people. you know mainstream economists don't like to use the depression the word depression or what i call the d. word the reason economists don't like to talk about depressions is because it's not mathematically defined a recession has a mathematical definition it's two consecutive quarters of declining g.d.p. with rising unemployment depression is a little more amorphous and it doesn't mean that the economy is declining all the time you could have growth in a depression what makes a depression different is that you make a growth but you don't get trend growth you get a sustained long period of below trend growth that's what key

robert keyser presents his thoughts on the way congress operates with his book act of congress followed by william bennett's book on analyzing higher education. is college really worth it? senior editor at texas monthly's book on texas is ninth, big, hot, cheap and right and richard hoss argues the united states must reduce its involvement in foreign interventions with foreign policy beginning at home. to see more on these books and a list of best sellers on political bookshelf go to public.com/book shelf. >> where in the department of rare books and special collections, in the vault and university of south carolina, i am going to show you some books university, there is a companion collection at the south carolina state museum and that collection includes telescopes and scientific instruments. the earliest book is a book that we added to the collection just this year. and early sixteenth century textbook by johann forbloch, the major textbook on astronomy for 125 years. bk dating from 1603. it is an absolutely stunning at less -- atlas in which the engraving include drawings over them

stacey explain how cruel or peroration ins are duping an unsuspecting public that's coming up in keyser report next i want to. welcome to the kaiser report i-max kaiser you live in the real world the one with the inflation declining wages rising unemployment then you're probably the sucker out the girl i can see no poker table because unless you're living in the high frequency trading dark market welling fictitious capital willed in financial eyes the world you're never going to be able to afford the real world unless you can think like fictional worlds where there is no gravity where up is good and good is down you'll never be able to compete with those who would steal your real wealth using spoof trades bogus securities and fictitious capital. max in the real world no price matters more to the real person than the price of oil of course they care a lot about how much they're paying to fill up their fuel tank well it's set in the .