morgan balance sheet by the bank of international settlements exposure as it's right there is a line item two three million ounces of silver naked on their books that they're exposed to three times bigger than the entire market capitalization all right david morgan we've got to leave it there we're out of time thanks for much for being on the kaiser report. made my day probably my week thank you to come out there to washington state visit soon and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herman our thank my guest david morgan if you are so many now please do so at kaiser report it r t t v dot argue until next time ask either sign by our. own home.

morgan balance sheet by the bank of international settlements exposure as it's right there is a line item two three million ounces of silver and they get on their books that they're exposed to three times bigger than the entire market capitalization all right david morgan we've got to leave it there we're out of time thanks for much for being on the kaiser report. by day probably by week thank you to come out there to washington state and visit you soon and that's going to do it for this edition of the kaiser report with me max kaiser and stacey harmon our thank my guest david morgan if you're a same email please do so at kaiser report at r t t v dot are you until next time ask others and by all. you know how sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harpur welcome to the big picture. mission free accreditation free cruise for judges free arrangement free. three stooges free. download free broadcast quality video for y

the virtual economy of america alive in the virtual global economy this wrong by the bank of international settlement itself a virtual bank but no there's something more insidious than that stacey herbert i don't mean your insidious i mean your next story when you got well max there is not only a great depression happening in ben bernanke he's economy there's a great depression happening in the virtual virtual economy dustbowl hit farmville yes maxwell shares were down forty percent on disappointing earnings this is something you did warn about right farmville there's a huge drought in farmville this is a game by. which is a company we've talked about on this show with guests like josh brown the reformed broker or reggie middleton who discussed openly that this was vaporware it's a vaporous company run by vacuous c.e.o. within the realm of a nonexistent business model trading virtual currencies that only had a one way to go as a public offering and that straight into receivership straight into the zero length of goose egg shell but not with a. out the insiders cashing in along the way by letting make

of u.s. and international sanctions. >> true. true, true. now, we did our research and we asked the bank of international settlements, the one authority that controls all banks and all central banks, you know, i mean, was there even a charter or, you know, something in the books there to say, do not deal with iranian banks or central bank? there isn't anything. everybody follows basil 2 and basil 3 accord. to your point, absolutely right d they break a rule? the answer, clearly, is yes. are they going to get fined? they did. will they get more fines coming their way? yes. here's what i say, will there be other institutions in the united states breaking an anti-money laundering law? you bet, right now it's going on. so, the banks are in the business of collecting and dispersing funds. sometimes the traceability of these funds or the or begins of these fund are masked. some people do it, some people get caught about that. as of right now everybody's cognizant there are some sanctions in place. the japanese banks, indian banks, turkish banks, they're all going to pull back. >> managing director asia-pacific idc insight. thanks for your time. >>> inter

my report and to this supreme court of justice decisions that the outposts which are a beginning of settlements in the west bank are legal according to their internal it applies here also to the. government of israel in the united states in response to the level report said that it opposed settlement building now washington has made similar statements in the past but what action has the united states taken in order to force israel to stop breaking international law when i was commissioned to do this to do this to poor i think it was on behalf of the prime minister of israel to show the americans the years trying to for all the law and he is trying to implement the law in the area. where we're talking about they've been if only now the american in the round the to freeze the settlements for ten months. as much as i know this is what the americans did. maybe they could do more maybe they could i don't know isn't an attorney now who's continued support of the settlements and outposts a threat to the definition of israel as a democracy definitely yes i believe that the interest after the state approves rio is to remove large part of the west bank and b

bombing the market critical points scaring the retail longs out of it and then buying back your short positions the bank for international settlements is very heavily involved in the gold market that's a matter of public record it's in there their annual report it turns up in news reports sometimes the i.m.f. was selling gold the bank of england is acknowledge that it was leasing gold at least until two thousand and seven but they are trying to do it indirectly now and through paper products to conserve the actual metal in their vaults that didn't work very well for them back in one thousand nine hundred eighty eight they lost too much mental i do want to keep this going for a one minute before we do that because i have to ask you contemporaneous question about gold today because there are reports i'm saying that they sell your gold send your kids to college it's not the safe haven everybody thought it's been trading sideways for the last year with a lot of volatility i'm curious what you think would make gold breakout and also why the huge spread between gold mining stocks and gold. well. you know the financial times it's always be

of justice decisions that the outposts. a beginning of settlements in the west bank are legal according to their internal that applies here also to the. government of israel pin the never report set up by prime minister benjamin netanyahu basically found that there was no occupation despite international criticism how will prime minister netanyahu deal with the inevitable embarrassment and fallout following this report first of all over you know what he will do with it if you're asking me if he could base some activity based on this recommendations i doubt it because it would be very difficult to defend those actions in the supreme court of justice of israel but i'm not saying that he want to try i don't know i really don't know what he's going to do. i think it gave a kind of. inspiration to the people from israel their whole issue of the west bank is a matter of opinion if you have the right wing opinion in israel then you could read this report if you are a left wing they say that i am you are right this report what i am saying hears that the most important thing is there while the authorized organization that got this repo

of the day's market action well thanks for that update katie good to see you as always dr short do we discover more about israel's settlement building in the west bank and why it's illegal under international law of being a recap of today's top news in just a few minutes stay with us you're watching r.t. . removing the root of. the.

settlement in an international money-laundering case. >> paula faris has details. >> good morning. a big settlement in the banking world. new york state went after standard chartered bank of britain, which has agreed to pay $340 million over claims if it laundered billions of dollars for iran and then lied to investigators. home depot had net income ofthat was higher and it raised its outlook for the rest of the year. this could be a record year for auto dealers. the average number of vehicles sold at each dealership could hit an all-time high, more than 800. if that's 100 more per dealership than last year. and there's going to be pizza buns at cinnabon. i'm barack obama and i app ve this message en this? mitt romney claiming the president would end welfare's work requirements? the new york times calls it 'blatantly false' the washington post says: "the obama administration is not removing the bill's work requirements a at all." in fact, obama's getting states to move twenty percent more people from welfare to work. d and presidenent clinton's reaction to the romney ad? it's just "not true." get the facts. >> we have heard how technology can help kids develop key skills.

shortly we discover more about israel's settlement building in the west bank and why it's illegal under international law i'll bring you a recap of today's top news in just a few minutes stay with us.

settlement? >> well two parts. one is that you know, u.s. banking law's a little bit different from international banking law in that we do have a series of sanctions and prohibitions on transacting with entities tied to terrorists link countries, iran being one of them. european countries, asian countries don't have the same regime. so foreign banks operating here are subject to our laws, but it's a different culture so that they have to be a little bit more careful. the other is post financial crises, where banks have shifted their attention much more to safety and soundness issue to proven lending and underwriting issues have i think probably taken their eye off the ball off of these type of compliance issues, and i think we're going to see more of these types of money laundering sanctions over the next few months. >> susie: well quickly, because this whole standard charter case also stirred up the criticism again that the public has that you just can't trust the banks. still a lot of bad behavior. what does it mean. more regulation or better enforcement? i mean, what's the solution here? can you give me a 30 second answer on that. >> i can't sa