from our targets and right now we're keeping monetary policy committee to write well the european central bank the e.c.b. just telegraph that they probably won't raise rates the euro is down bank of england has said due to economic stagnation they won't be raising rates and the fed looks like of course they won't be raising rates and they'll be bringing q e three soon enough so now the central banks are raising rates which means that the surfing of the ad money flooding the globe and destroying people's purchasing power and skyrocketing food and energy and that trend will continue and whatever price over bottoms out i hope you've been blocked by that with both hands by until you're bleeding because five hundred dollars is a target what else you got both of these ten presidents say that inflation isn't a long term risk so again this is what they're saying from the satellite view up at the fed now let's look at the reality on the ground food prices rise to near record as inflation excel or rates so remember they just said they're going to keep monetary policy loose because they don't see any inf

buys one hundred tons of gold as a result of mexico's purchase central banks sovereign wealth funds and other so-called official sector buyers are on track to record their largest collective purchase of gold since the collapse of the brain would system which pegged the value of the dollar to gold in one nine hundred seventy one yeah and peter schiff makes a good point his latest editorial talking about the institutional appeal goal not only isn't for banks but the endowment of one of the big universities in texas just bought a billion dollars of the gold he says if that institutional appeal extends to let's say the sovereign wealth funds you know the one in i believe conor is worth six hundred billion not carter but kuwait going to be right i would avi's sovereign wealth on a got six hundred billion in cash to work with if the sovereign wealth funds in the institutional side start to put five six seven percent into gold bullion that's an incredible demand story that's what nobody is talking about on the silver and gold story they're all thought looking at the supply but they're not

as well yeah you know they the central banks around the world are are for the first time in for. many years increasing there were gold reserves well max let's move on to that mexican story because that's the next headline mexican central bank buys one hundred tons of gold as a result of mexico's purchase central banks sovereign wealth funds and other so-called official sector buyers are on track to record their largest collective purchase of gold since the collapse of the bretton woods system which paid the value of the dollar to gold in one nine hundred seventy one yeah and peter schiff makes a good point his latest editorial talking about the institutional appeal goal not only something banks but the endowment of one of the big universities in texas just bought a billion dollars of the gold he says and that institutional appeal extends to let's say the sovereign wealth funds you know the one in i believe cutter is worth six hundred billion not carter but kuwait beat out of daddy right i would avi's some off on i've got six hundred billion in cash to work with if the sovereign w

were net sellers on the average central bank sold more into the market than they were going when they sell into the merc it depresses the price in still gold exploded and went up twenty four times its original price over thirty six this time just for the past couple of years central banks have become net buyers and a whole lot of the buying is actually are. off the books so the net buying is a lot bigger than what we can see all right good point right well ali thanks so much for being on the kaiser report we'll check back with you hopefully catch up on the news and your website is gold silver dot com thanks mike for being on the kaiser report thank you max all right that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i will thank my guests mike maloney of gold silver dot com if you want to send me an e-mail please just at kaiser report at art c.t.v. dot are you it's all next on this is nice guys are saying oh oh.

were net sellers on the average central bank so with more into the market than they were buying when they sell into the merc it bit depresses the price in still gold exploded and went up twenty four times its original price silver thirty six this time just for the past couple of years central banks have become net grier's and a whole lot of the buying is actually. off the books so the net buying is a lot bigger than what we can see all right good point my bloody thanks so much for being on the kaiser report let's check back with you hopefully catch up on the news and. thanks mike for being on the kaiser report thank you max all right that's going to do it for this edition of the kaiser report with me max kaiser and states you have our our thank my guests my moloney of gold silver dot com if you want to send me an e-mail pleased to report at r t t v are you until next time this is a nice conversation. marvin here broadcasting live from washington d.c. coming up today on the big picture. you delete it. from. the future are covered.

thanks kevin russia central bank is raising the deposit rates in an effort to draw some of the cash out of the economy but at its regular policy needing it decided not to raise the q refinance rate the bank is struggling to keep inflation under control which is currently running at twice the european average now for more on this i'm joined by from mobile which a bank russia us live thank you so much for being with us and so do you think the government's doing enough to team inflation i think clearly the central bank is sending the signal that it can go an extra step to deal with inflationary pressures . i think however given the fact that inflation is significantly above the target level for the central bank which would be around seven percent for this year perhaps we'll see additional measures by the central bank to tackle inflation leader of this year and so right now it's something like you're in year nine point seven percent as i've been reading up why is it that russia has always had this problem with inflation. well. it's partly inflationary expectations that continue to be so str

pump three trillion pounds into world economy so the world central banks have pumped three trillion pounds or five trillion dollars into the global financial system since the crisis the equivalent of eight per cent of the world economy according to a new analysis by fathom consulting yes and how do they do that pumping they pump it through the banking system they pump it through the primary dealers on wall street and the banks are the primary dealers hold onto it and pay themselves huge bonuses so it's totally ineffective it's part of the way the entire system is broken but please continue maxwell the e.c.b. was the biggest contributor to this liquidity injection of five chilean dollars the u.k. was the lowest contributor in terms of these big four central banks but the figures according to the article will intensify fears that the extraordinary injection of liquidity is responsible for rising stock markets rather than any underlying pickup in corporate health or investor confidence right as i explained the money that comes from the central banks say they inject credit but let's be

but i think it's a key point central banks used to be not sellers of gold they were providing most of the supply of gold in the marketplace most recently the central banks have either been holding onto the ball that they've been on or they've been buying gold so not only mexico but russia has been buying gold the central bank of india bought a significant amount of gold a year and a half ago we know that china is building up a gold supplies so clearly central banks who really are in the know with regard to fiar currencies or paper currencies they want to diversify against or away from fewer currencies in gold as one of the asset classes of choice that they may it does seem that you know in contrast to maybe the euro zone i think there's a lot of lost confidence in the u.s. dollar sort of confirming you know. there's a lot going on steve forbes people know that something is wrong with the dollar he said so i want to get your take i mean working for gold mine you know and what happens next we implement gold we bring back the gold standard to the united states as it was you know until wo

and corporate health or investor confidence right as i explained the money that comes from the central banks say they inject credit let's be honest money in the sense that it has any value other than an accounting leisure jermain they give it's a banks and on behalf of the client state been buying stuff assets and they. been making their clients the top one percent of the global rich they've been making them money but they won't let it trickle through to the other ninety nine percent of the global population and that's why you guys so much of a revolt in revolutions around the world is because people are saying wait a minute what are we jumping over well it's a financial war as well and essential banks are harming the banks they basically put in a cargo on the bottom ninety nine point nine percent ninety nine point nine nine nine nine nine percent actually so this is the way that central banks are operating on this financial battlefield that's correct is we've left the era of ground wars and tanks and bombers and things like that i mean the u.s. still uses that to terrorize pakistan and afgh

well i think what changes is that it put handcuffs on central banks and i think that that's really what jim rogers and steve forbes and others are saying is that we have to control the amount of money we're printing right now as you said the dollar used to be reserved as or stated as good as gold and not many in the world think that right now in fact there was a phrase that said our currency your problem was an old fray and the world is not happy with the fact that they're holding a lot of our treasuries and it's losing value also christine the big fact is that we continue to add to our debt we're spending about a trillion and a half more every year than we're bringing in in tax revenues and that is only devaluing the dollar long term at goldline we talk to individuals that are concerned about their buying power and that's why they're buying gold as one way to move away from dollars and have another asset that might perform well in a weakened dollar environment you know it's really interesting just this week we had a bunch of leaders are from the financial area areas in china come here

when we come to business r t russia central bank is raising the deposit rates and the effort to draw some of the cash out of the economy but at its regular policy meeting it decided not to raise the key reply nanse rate bank is struggling to keep inflation under control which is currently running at twice the european average less likely somebody from bush's bank russia believes further tightening steps and so forth but clearly the central bank is sending the signal that it can go an extra step to deal with inflationary pressures. i think however given the fact that inflation a significantly above the target level for the central bank which would be around seven percent for this year perhaps we'll see additional measures by the central bank to tackle inflation later this year well i think until the end of this year the balance is likely to be towards stronger i think the central bank will have to rely on the strong ruble in order to tame inflation simply because the ruble is such a potent and dealing with inflationary pressures we've seen it before and i think. we'll see it again in t

and also i mean for be the central bank people. much attention to individuals you know the sort of put it all the pictures of. look . managing director. my three has actually see your chief executive of all they're going to run by the board of executive directors same in the central bank that is a board of the central bank and that our collective decisions taken and that's my responsibility as the governor is not being always right myself my responsibility is to. pull sure my employees extracts. i would get. versions of maybe better decisions from them so i should organize the whole process of sorts in order to get the better for my subordinates are not always trying to it all by myself so i think that the collective mind is always stronger than an individual and i think it was proven when in mainly the main is the ideas so my point is that if someone. is appointed by. the international community there's a new managing director. if he or she won because of carte blanche to change whatever they want no i think there would be very st

a major part of my life in the central bank but i think that's proper description and. i think that. as you call or use a new of the terms then you're limiting yourself i think. and also i mean i am i have thought to be the central bank people. much attention to individuals. the sort of picture of the type. to look. managing director. three is actually seal chief executive of the sort that are going to run by a board of executive directors same in his in his central bank that is a board of the central bank that our collective decisions taken and that's my responsibility as the governor is not being always right myself and my responsibility is to. push my employees. i would get. your versions of maybe better decisions from them so why should organize the whole process so in order to get the better outcome of my subordinates are not always trying to little by myself i think that the collective mind is always stronger than an individual and i think it was proven in many manus that is so my point is that if someone. is appointed by the international community is new managin

and also i mean for the central bank people. much attention to individuals you know the sort of paint of these pictures of type but look. managing director. over a month three years i actually see your chief executive profits that are going to zoom is run by a board of executive directors same is an example about it as a board of the central bank and that our collective decisions taken and it's my responsibility as the governor has not been always right myself my responsibility is to. push my employees extracts. i would get. versions of maybe better decisions from them yeah so i should organize the whole process in order to get the grades or i would go for my subordinates and not always trying to order all by myself so i think that the collective mind is always stronger than an individual and i think it was proven in many many is that it's so my point is that if someone. is appointed by. the international community there's a new managing director. of y. in my if he or she would go for carte blanche to change whatever they want n

that is a board of the central bank and that our collective decisions taken. my responsibility as the governor is not being more always right myself and my responsibility is to. push my employees extracts. i would give. or versions of maybe better decisions from them there so i should organize the whole process sort of in order to get the better outcome for my subordinates and not always trying to do it all by myself so i think that the collective mind is always stronger than any individual and i think it was proven in many manus that i just so my point is that if someone. is appointed by the international community there's a new managing director. if he or she one pair of carte blanche to change whatever they want and not i think there would be very strict limits to what this person could do if you are elected. what sort of policies would be on top of your agenda redistribution with with us of a process because of what i just started european debt crisis because this is a really big issue. for this situation in the u.s. economy and also i would be very much l

last month, the central bank raised their policy rates by 25 percentage points to 1.25%. this marked a policy shift from the low interest rates the bank had implemented since the 2008 global financial crisis. the april rate hike was aimed at curbing inflation caused by rising prices of crude oil and food. the central bank kept the rate unchanged, apparently to see how last month's rate increase would affect the economy and crude oil prices. >>> the u.s. currency fell to the mid79 yen range at one point for the first time since the middle of march. at that time, g-7 nations took a concerted action to stem the yen's advance following japan's earthquake and tsunami. but the dollar regained ground in tokyo, as market players became cautious about an intervention by the japanese authorities. the greenback is now trading hands at 80.46-48 yen, whereas is the euro is at 117.34 yen. the u.s. economic outlook has weakened. the ecb's decision to keep its key interest rate unchanged caused the euro to fall against the yen as well. >>> on to oil. the benchmark wti crude oil futures fe

banks in terms of the altar of their counterpart is released and i think the stress does the whole central bank to be more proactive in controlling want to train we still the banking sector. and russia's largest car maker after hours has had a strong start to the year the car giant almost doubled sales between january and april at the same period last year after bars are still benefiting from the successful cash for clunkers program and managed to increase exports by fifty percent within the period. of a look at how the markets are performing to sell or prices continue to drop in the wake of supply data in the u.s. which hinted demand in the country could be slowing down u.s. stocks fall sharply on wednesday with the dow industrials telling have triple digit loss energy stocks extend this slide for a third straight session with the price of crude falling back to one hundred dollars a barrel x. and more of a share. with a lot of shelling out for two percent european markets were trading in the red with weaker commodity stocks or may just be people falling over one percent banks in portugal rally

and also i mean for being the central bank people so. much attention to individuals. the sort of petty and obvious pictures of. look. managing director. over a month three years i actually see your chief executive officer that are going to run by a board of executive directors the same ins in a central bank that has a board of this and that all bank and that our collective decisions taken and that's my responsibility as the governor is not being always right myself my responsibility is to. push my plays extract. i would get. or versions of maybe better decisions from them yeah so i should organize the whole process so in order to get the better i would love for my subordinates are not always trying to have all by myself i think that their collective mind is always stronger than an individual and i think it was proven in many maine is that i just so my point is that if someone. is appointed by the international community is new managing director. of he or she would have or blomstedt change whatever you want and not i think there would be very strict limits to what this

. >>> the italian bank chief will take over as head of the european central bank after the current president completes his eight-year term in october. on tuesday finance ministers of the european union member nations chose him, governor of the bank of italy, as the next president. the 63-year-old native of rome has been at the italian central bank's helm since 2005 and worked for the the finance ministry. high on the agenda is easing credit worries over europe and restoring the market's trust in the euro currency. last month the eu had to bail out debt-strapped portugal. it's also mulling additional support for greece. the presidency will start in november pending official approval at an eu summit next month. >>> moving on in regard to the theft of customers' personal data sony hopes to regain users' trust following the resumption of online services. sony chairman and ceo howard stringer held a news conference in new york for the first time over the leak of personal data. stringer said that the users on the online gaming services were more upset over the halt of services than the theft the p

candidate but also a surprise appearance in court in march you could the current chief of kazakstan central bank joins us now on our team thank you very much for your time sir you told reporters previously. you learned about these announcements through the s.m.s. message how did it come about. was there must. be one assessment of all of the financial sector both president. several messages from our prime minister from work so i understand there was a decision to come in after consultations getting me to north. prime ministers of serious countries in the us and i wasn't part of the discussions after the search and i was immediately sort of very important and differently came as a surprise and so basically it's not about me if there is a better candidates that are presenting all of the emerging companies so that it would be discussed this is no matter of. which i'm differently not part of but i definitely appreciate support. rush or you could say it's come to this you definitely seem very modest but still speaking about your own account of this. do you think you can bring to the table personally a

in terms of the quote of the counterpart is released and i think the stress does the phone call central bank to be more proactive in control in want to try and kill the banking sector. and vs large is coming off the vase has had a strong start to the year because giant almost double the sales between january and april compared to the same period last year after the still benefiting from the successful cash for clunkers program and managed to increase exports by fifty percent within the period. of a look at how the markets are performing this hour all prices continue to drop in the wake of some data in the u.s. which hinted demand in the country could be slowing down u.s. stocks fall selfie with the dow industrials telling a triple digit loss financial stocks may day along with the broader market in reaction to data showing a still troubled u.s. economy energy stocks extend this slide for a third straight session with the price of crude pulling back to one hundred ten dollars a barrel exxon mobil and chevron are both down with the latter setting any two percent. european markets finished in t

candidate but also a surprise when are we going to argue could the current chief of kazakstan central bank joins us now on our team thank you very much for your time sir you told reporters previously that. you learned about these announcements through the s.m.s. message how did it come about. was a must. do for the financial sector of president for several messages from our prime minister and from what i understand there was a decision taken after consultations during the meeting more for. prime ministers of serious companies in the us and i wasn't part of the discussion after the session i was immediately attacked by very porter's. differently it came as a surprise for the basically it's not about me if there is a better candidate i presented all of the emerging companies so that it would be discussed this is now my thought of high politics which i am different and part of but i definitely appreciate support. for russia ukraine is comforters you definitely seem very modest still speaking about your own candidate see what do you think you can bring to the table personally and as representa

the russian market could get a boost to the central bank keeps interest rates at current levels. from capital tells us about the best buying opportunities in the country at the moment. we expect that same mosque like louis the central bank will keep interest rate of current level and this will this might provide some new positive for impulse through the market we should also watch the ruble boris' market which was a bit softer over the last week on both new issues and also the problems with how well we're also might see a bit more demand turned one crisis a bit firmer this week i think of a consumer. pretty good we have seen a real a prime performer soft market new told fox five also looks like that oil and gas sector is likely true and we're also just look at the map as well it was really out of the salt i don't know and now it looks like the abolished some pretty attractive . so if you can catch up the latest business news and all that side. within a month. one of the most extreme environments on the planet this is antarctica and people have to be aware that they are far away f

both the european central bank of england are pointing their latest interest rates decision first afternoon they are expected to leave rates on hold. and here in russia the markets have retreated from early gains because they were g s m i six and down more than one and a half percent. for the index moves on their minds at this hour while major stalled once again coming under pressure a small import prices way on this that it's a similar story for precious metals as you can see on the screen gold is down sharply on it since a bad day for construction group which reported losses in the region of one hundred ten million dollars from last year. the russian markets have seen a roughly fifteen percent drop since the beginning of april and they continue to lose ground at today's trading on monday for much krishna believes action could get tough for the trouble poppy and should be in sight. well a lot will depend on your price and also depend on the extent to which the market is willing to price monetary policy tightening in asia specifically but it wouldn't be outrageous to think discret

and when i looked at gold in the last decade we had a great change in from the demand side where central banks used to be sellers and became buyers and we used to have no e.t.f. now we have e.t.f. he said mining companies would hedge now they don't hedge and the shifts in ownership have been dramatic in a market where we really see no rise in supply in a case a silver would really turn me on about twelve months ago was as we witnessed people buying silver you realise that there would not be enough silver to buy and as examples the u.s. mint today so there's many dollars of silver as dollars of gold when you realize that silver trades are forty to one ratio forty times of physical ounces a solar as they're buying gold when we sold our gold e.t.f. we raised four hundred forty million when we sold our silvery t.f. we raised five hundred fifty million james turk of gold money he sells more dollars on a silver than gold we have a little company called sprott money and it sells gold and silver coins we sell and way more dollars in solar than go and so here we are in a situation where the price is fo

>> germany throws its weight behind italy as candidate for the next president of the european central bank. >> in the film festival gets under way. lead blockbuster stores on the french riviera. magnitude 5.2 quake has killed a least 10 people in southern spain. it caused widespread damage in southeastern towns including -- it can also be felt in the capital, madrid. it hit nearly two hours after a smaller quakes. >> scrambling and action after the quake hits. the ancient center is made up of streets and old buildings. the roman towns historic church was hit hard by the force of the tremors. the tower crumbling and falling to earth. a home for the elderly, the city hall, and the hospital were evacuated. spain experiences thousand of quakes the year. but once like these are extremely rare. of go live where their following events in barcelona. what are they saying about the extent of damage? >> the are counting out. there is a lot of confusion in the area. the last update, the building collapsed on them. the medical staff and some of the interns have been wounded. they're talking about 10,00

in terms of the quality of their counterpart is released and i think the stress does the whole central bank to be more proactive income fall in want to trying and we still banking said you know why there are some banks think that the stress tests was too tough for them well i personally believe maybe they properly the way to look in the stress test because the tough is this trust is a better the banking sector could be prepared for the new crisis and again the very top stress tests would mean that the central bank will have. a role has a platoon to move into business from now. of sides and religion to fire well there is a risk that snotty however will understand that at the moment now wolf a national institution because of the paf environment because the long grass has moved on this would prefer maybe little nor can you could get tedious for this reason and maybe just delayed you know this painful and that was a sin some cases just to be focused on their own the preferred to build them up so from your point of view how can the bank recapitalise like you as a normal great increase equity cap

people people understand what this means if you're talking about the fear of money world and the central bank where all they have an incentive to keep interest in paper versus metal this is ben and historic tension so periodically the there's an incentive to try to keep metals as cheap as possible to get people more interested in paper but on the mic how does specifically go through some of the bullet points at how a raid goes down when they attack silver and gold well i mean max at first well i base this on our experience over the last eleven years in the gold and silver markets we get the very very sharp declines i think last week's decline was premeditated it happened in the early hours of sunday slash monday morning when the markets really weren't really operating and was closed china was closed was a great opportunity just to mark it down and then of course income the margin increases just as the price of silver is down six dollars which puts everybody under. stress. so i think it was very much orchestrated one of the things that i think we should all look at is the trading of silver in

the money is coming in we know that the central banks are buying we know that major hedge funds like john paulson are that huge position and all but let's talk about that retail person that one or two out fire i know that's not your target audience but if this goes out to the world of millions of people the show goes you know two hundred million people all over the satellite system the that point can't can we go through that one or two ounce buyer what i would point do you start do they start to take over the price discovery that's what i'm talking about this huge army of people who are disgusted with the fraud in the banking system well max i have no doubt that people are doing that already so for example i mentioned that we have a website called scrub money dot com where we sell small amounts of silver to canadian investors canadian retail investors and i've always encouraged anyone who could tell you there by gold or silver but as a as an alternative to fee of currencies i think that the audience is much larger than a billion and you know when you see what's going on in china and

recent actions taken by the european union european central bank shows that they're committed to preserve for stability or for europe in mind for the area. amazed nation predictable and our our our our officials are our finance minister our central bank governor and participate in the discussions and in the same. if information of his european partners thought. they're all for is to continue to be a stable partner in the areas that were. asked wrong in particular in the early separate and stability of the energy markets as one key preconditions for stability or for our of the mind position of the financial station run around the world in it with this point to continue to play the role well the international monthly phone has been is becoming a pretty hard issues these days well partly because mr strauss kahn the head of them i think from had turned out to be a very hard man but but anyway we'll discuss with the united states but discuss the i.m.f. itself france which is presiding at the g eight summit it wants to give the i r meth and a new leadership the rights of oversight over capital

after a meeting with the central bank's monetary policy committee. he addressed the issue of rising gas prices and the current federal budget debate between president obama and congress. this event took place at the federal reserve's william building in washington, d.c. it's about an hour. arris -- national health care >> for the 21st century. this morning we're delighted to be hosting our latest in a series of conversations with some of america's most influential lawmakers in this instance, it's a conversation with virginia governor bob mcdonnell. mcdonnell. bob mcdonnell was sworn in as the 71st governor of the commonwealth of virginia on genuine 16th, 2010. in that campaign for office he received almost 60% of the come and the most votes than any candidate for governor in virginia's history. and since taking the oath of office, governor mcdonnell has reduced state spending to th 2006 levels. is cut $6 billion out of two budgets, and he has defeated attempt to raise taxes by $2 billion. as february of 2010, the state unemployment rate has fallen fr

just of both companies are down four and eight and four percent respectively both the european central bank and the bank of england are reporting the latest interest rate decisions dissolve to noon they're expected to leave rates on hold. and here in russia the markets have retreated from early gains yes and then isaacs down more than one has a down more to one and four percent and the my that you don't love point three percent right here that indexes movers on them isaac this hour all majors are once again coming on the pressure following crude prices way out of the sector it's a small it's a similar story of pressure for precious metals where produce gold is down sharply and it's also a bad day for construction group pic which reported losses in the region one hundred ten million dollars pulled in the last year. now the russian markets have seen a roughly fifteen percent drop since the beginning of april and that continued to lose ground with today's trading on monday from what creates a belief that correction could yet further trouble but the end. well a lot will depend on the oil price

the aftermath of the economic crisis that's according to a new stress test undertaken by other central banks in the event of another wave of economic turmoil about half the banks were found to be under capitalizing over three hundred would be forced out of the market but that it lowered from alpha back explains what the results mean. i think what is very important at the moment is to see that off the two thousand and eight crisis will still have a very big number of banks which potentially can be in financial trouble in case of in troubles and i would say the mold of three hundred banks which will be forced all of the market will your humble beginnings show you why some sport this is the very deep portion of the banking system and i would say we have seen after the publication of this stress doesn't the intervening market rates went slightly this is definitely generating some nervousness between banks in terms of the world of the counterpart is released and i think distressed central bank to be more proactive in controlling. the banking sector the. largest car maker after vases had a strong

the aftermath of the economic crisis that's according to new stress tests on the taken by the central bank and the event of another way that they can all the time all the banks were found to be on the capitalized and over three hundred really forced out of the market. explains what the results. i think what is the really important at the moment is to see that off the two thousand eight hundred very big number of banks which potentially can be in financial trouble in case of. troubles and i would say the moment of truth banks which will be forced only mon people you hope will the banks to acquire some spooled this is definitely a very deep portion of the banking system and i would say we have seen a lot of the publication of this trust the interbank market rates went slightly off so this is definitely generating some nervousness between banks in terms of the cruelty of the counterpart is released and i think this trust is the central bank to be more proactive in controlling monitoring and he's told the banking sector. are the largest car maker after the us has had a strong start to the year

among the big losers with lloyds banking group pulling eight percent that's after the european central bank has held eurozone interest rates at one point one percent and the bank of england kept its interest rates steady at a record low of health to start and here in russia markets closed in the red for the r.t.s. dropped to its lowest level in five months we could come out of these. they're the index movers of allies x. with a bad day for the oil majors that again came under pressure from falling crude prices precious metals were also low point as gold lost nearly twenty five percent and to help the sad and construction group take the crop after the company reported losses of about one hundred ten million dollars for last year. that's all from me and that is the thing here on our team will have more for you tomorrow meanwhile the log on to our web site out to dot com slash business the last time. minimums look forward to be held don't see. the pain and suffering will never be forgotten. as well as the joy of numeration. europe spring the nineteen forty five on our cheap. wealthy british st

the central bank of libya now there's a simple way of being the western bankers control libyan money you know he controlled libya's oil no control abuse water you know the giant apple cookie the sands of libya because he made this a little water pollute the people he why do you want to do trade oil in libya and he wanted african nations the join with him you know libyan leader this was his kiss of death try that and you are absolutely right for regime change and that's what i think that was noble what offends. at least sixteen people have been killed and scores more injured by israeli troops opened fire near the lebanese syrian and gaza borders demonstrators were attempting to cross into israel the clashes broke out on a day the anniversary of the founding of the jewish state ordinary palestinians lost their homes or work spell tear gas and rubber bullets were used in an attempt to stop his many protesters crossing into israel security officials said they sustained injuries as well prime minister benjamin netanyahu said he hoped calm would return but warned the country is deter

printing badly before the hyperinflation that led to the hundred chilean zimbabwe dollars on the central bank of zimbabwe's website they actually cited the u.s. fed policy and bank of england policy of quantitative easing that they said they were doing the same thing well their currency has now collapse and now they're saying ok well everybody's going to abandon the us dollar because we know because we copied them and look what happened to us so now we're going to he says quote zimbabwe is sitting on trillions worth of gold reserves and it is time we start thinking outside the box for our survival and prosperity that's going to work i totally recommend going out of business i've been hoping that some country in fact does exactly this i thought china or india or brazil would be the first country to have the first mover advantage in this case first mover advantage is going to be huge because once you get in that gold standard people are looking around of the current season like we're going to get a natural resource base currency all the zimbabwe dollar on them and this is going to bring huge am