you say you quote professor michael dempster.he says that the rivet is the nerves that is the glue that ties all these global banks together this is my pick this is my my my my question i will eat up i'm writing a rose you say you say derivatives are now all about creating confusion to hide losses sounds like fraud so this is my big question of this interview all everything we've set up until now global banks crash is coming again there was no reform george osborne just doubled the debt he didn't do jack ok and it's all tied to these derivatives global the rest is hiding it's just about hiding losses talk about that well. in theory true that says are entirely legitimate things you. have used to resist for centuries it's the way you just mentally hedge risk but according to michael dempster many many of the. as many regulates as when they're off the record drew says are increasingly used in order to obfuscate to create a lack of clarity across bank balance sheets about for every every every dollar of oil that trades in the physica

that the fed will step in and they believe that it will have to happen and right now professor michael dempster he quote says i would be extremely wary of stock markets right now the last crisis was caused by keep money and it's happening again via q e which is very very worrying q a. he started as a way of priming the pump but no one knows how to turn it off without causing financial havoc that's important to remember nobody knows how to turn it off so these dumb policymakers turned on the switch of q e and they don't know how to they don't know where they off button is they don't know how to do that right stacey this is very interesting i don't know the guest is for later in the show but i'm going to cancel the gas i want to talk to you in a second half instead this is much too interesting looking to stay for the second half i'm going to stay for the second half that's fantastic well stay for the second half of me talking with stacey some more on this don't go away. we profit very large very attractive and now very globally recognized source of oil for the world into the world's cheapest and

that the fed will step in and they believe that it will have to happen and right now professor michael dempster he quote says i would be extremely wary of stock markets right now the last crisis was caused by keep money and it's happening again via q e which is very very worrying q. he started as a way of priming the pump but no one knows how to turn it off without causing financial havoc that's important to remember nobody knows how to turn it off so these dumb policymakers turned on the switch of q e and they don't know how to they don't know where they off button is they don't know how to do that right stacey this is very interesting out of though the guest is for later in the show but i'm going to cancel the gas i want to talk to you in a second half instead this is much too interesting what can you stay for the second half i'm going to stay for the second half ok that's fantastic well state for the second half we talking with stacey some more on this don't go away. join us this month impossible as we follow the international teams fighting for greasy glory on. one homes how much we've been

michael o'sullivan joining us from credit suisse private banking. break, the fed supports plans to change how the precious metals benchmark is priced. we speak exclusively to the world gold council natalie dempster how the century-old fix could perhaps or should be reformed. that is right after the break, stay with us. >> welcome back, i'm anna edwards. markets themselves are not moving that radically. have a look at this. the ceos are saying they are rating the value of the euro. the impact on corporate earnings, $3.3 billion. in europe, the cost of currency is over four point -- is over $4 billion. the euro and fx traders are not listening to fabrice. he wants to see the euro come down to around 1.25. this is the airbus passenger business ceo. inflation, disinflation that we have is because of the high value of the euro. 62% of those surveyed are less likely to want this in their basket than last year. ack to you, anna. >> commerce bank is the next likely to resolve u.s. sanctions. germany's second-largest lender may incur penalties of at least $500 million. ball carrier finance minister told bloomberg that his company -- this country has no plans to sell bonds. for --opean union's had members