nightmare that is the global central banking system here's mark carney has been brought to the bank of england from the bank of canada now in my eyes me of last year this is the last time i really heard his name in the news when that was september two thousand and eleven when jamie diamond raided against this man calling him anti-american for his anti-american rules of basle three that there's no way americans are going to institute these regulations about capital requirements so you want to see about this sort of rebel style press conference who wins in the end headline from only two days ago europe to push for basil three to lay as it lobbies us europe is preparing to follow the united states and delaying the introduction of stricter rules on bank capital while lobbies for rethink of the u.s. stance according to reports so these battle through your climates of higher capital requirements for the banks so they don't have any but they're supposed to come into effect january first two thousand and thirteen but the u.s. has said we're not going to do it so now europe isn't going

because the central banks and their minions of the investment banks are incapable of manipulating markets in such a way as to stop this competitive threat a big point from cutting into their business what do you think you know now i totally agree i mean because it's perfectly possible for people to to exchange big chords without using the banking system at all so they're not exposed to it if they don't want to and mean this is happening today people or saving a bit koreans they're paying for services in bed or it's. totally agree not sure we're coming up to the two year anniversary of the kaiser reports campaign to crash j.p. morgan by silver the idea being that j.p. morgan has a hedge position naked and silver if you take it off the market you crash the bank they've been right coming back with hundreds of millions of ounces of counterfeit silver contracts to keep the price low but if i were to say to your tour that crass j.p. morgan buy big coin as kind of a follow up. your thoughts from their perspective of the central banks at least you can you can tell that they are afraid of

central bank in new york. where there are gold right there we're still reading the players washington commission of audit i'm sure none of. the funds really couldn't hold me from obvious like i'm going. ok that's what you got to germany get real. i think is william dudley that's the president of the new york fed now whatever. so headline reads max about that gold stored in flood prone lower manhattan max this is from business week and they know that a lot of buildings in lower manhattan were destroyed due to the flooding from hurricane sandy and they ask what about the nearly fifteen million pounds of gold bricks stored at the new york fed well they say it's ok because it's in a vault which is protected by an air tight and water tight seal created by lowering a ninety ton steel cylinder just three eighths of an inch into a one hundred forty ton steel and concrete frame in effect quote similar to pushing a cork down into a bottle that doesn't sound like. that doesn't sound dr evil like no but stacy the cold is

germany's gold has been leased out into the market these of either bullion banks this is a trick that central banks and bankers use to feather the nest of investment banks and telegraph to the market that they're going to change the release rates to borrow to sell gold knowing that the price will fall and that these banks can scalp a few bucks from the market on the lower price using a short sell are we now in a position where perhaps all this monkeying around with leasing etc were all germany ever see it's gold that's that's the question or is it gone. i think it's likely to. see some gold if it's going to in fifty ton chunks which is what we're talking about i think it's likely to see the sea go whether it's there's a was or where it comes from i think the slightly different point but yeah sure i mean the investment banks have been involved the l b m a system as we've discussed before is a highly leveraged on allocated system and really the way i see it is the central banks of sort of followed in with that whole concept of leverage which is why they've also been involved aggressively in leasing i

bank. they were been explained to me. way as the interested central commercial banks trying to suppress the process go and sue and there's got to have a gold mine in shares and so much as i call believe for a minute that the central bank gives one for the price of a suit of mind share is the. foreign exchange have a massive interest and they failed in that so well there's two points number one you're saying that ultimately the market prevails yes but clearly there is tension between paper and paper money gold and solar and if you're a gauge of quantitative easing and you're committing at the bank of england has done to hundreds of billions of dollars of pounds to keep interest rates low and to drive money into paper then the corollary the natural corollary of this is to is to keep money out of gold and silver as you point out less than one percent or less of the global investment. funds are in precious metals despite the ten year bull market despite a ten year bull market these metals less than one percent of the investable assets are in precious meta

they use to cover up all their crimes as you've mentioned is market making the central banks there is as you see here they always use the word liquidity that's what their crimes are it's just liquidity operations and this is what the buddhist bank says here as well as why they have all their gold overseas is basically for liquidity operations yes this is one of the canards used by banks or whether it's market making or liquidity it's terms that are used to cover some basic underlying crimes and of course the one country in the world with the absolute worst position with the common gold wars is britain who gave away half of its gold it's got roughly three hundred tons of gold it's one of the lowest gold positions in the world and britain at some point will have to go into the open market and start buying gold bullion i think that will shock a lot of people i think that's perhaps why the buddhist bank does admit that from about two thousand they did repeat three nine hundred thirty tonnes of gold that was held here in london so perhaps they saw what gordon brown was doing and they were

any any monkey want to look at i mean the market the central banks of most fraud. the rig in recent times is a foreign exchange. a futile attempt by the bank of england to suppose that any one particular level and the market is always won and that a huge vested interest in. huge political will and. whole establishment was over a period of time since the second more war has tried everything certainly the last one is a kind of a three is never what the market is always one so. if it didn't work for exchange with an enormous will to keep in a particular level i don't see any reason why it should work in golden with the fact that gas or is alleged that there is this sort of semi official official attempt to keep the price of gold down if there is it hasn't worked very well because gold's gone up every year virtually for the last twelve years so if there was an attempt to suppress the process which hasn't worked very well some would argue that the prices has been creeping up despite the massive relation going on but it wasn't as though the ability to keep that manipulati

led by ben bernanke with the bank of england japanese central bank going to the chinese central banks all the major central banks in the world ruled affectively run. out of the money printing machine now if you're an investor in precious metals any precious metal this is the best bet. and if that's the case if we're in a bull market for precious metals there's no and you know one percent probable that sue will outperform go to will go up more and go as high a it's from a low base every every time we get a bull market precious metals there you would expect to go up a much greater percentage than you do go if you believe the precious metal story. well then go on if you don't believe you should wait ok i want to talk about good versus gold a second but sticking on the central bank theme over the past five years since the beginning of this crisis the central banks around the world of increase the supply of their bonds or money is by hundreds of percentage points in the us for example they've gone from roughly fifteen to forty five trillion increase in paper that they're floating fro

somebody under the you've got the central bank capable of underwriting in its own currency that's going to stop the effects of the potential rising rates if we had a totally domestically now not a non-bank system on and on a central bank system then you could get that collapse in bonds people wouldn't trust them interest rates would rise you know as those bonds fall but not when it's backed by the underwriting compatibility of central banks all right steve king well even i've seen improved on your pole dancing. plenty of practice i do another show the show your brother you know i think what it's like to see those packs that's just the australian way is that they have a sort of thing that's a look at that here we go again surfing god. man all right that's all the time we have you can sit out. all right that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert allen i guess dave keene if you'd like to send me an e-mail please do so at kaiser reported r t t v dot ru. by all. the great russian laureates. prevailing over hazards and asperity. at the par

denied that there had been money in the bags insisting they were full of being a lot of the central banks are collateralized by beans that's similar to the bank of england mark carney is going to be arriving to the bank of england in a few short months and he'll find that in the vaults are bags of beans and some of boris johnson's wigs but other than that there's nothing to collateralize his bank so yes of course you've got incredible similarity central banks are being looted the rebels whether they're in africa or in england. the motive is the same. and we hope that with more international use after a short break. a lovely quiet morning a family jet li sleeps in district heights maryland when fifty armed f.b.i. agents storm the house and guns drawn despite the family pleading that they were unarmed the law enforcement agents opened fire on a weaponless teenager my asian huli thankfully sholay suffered minor flesh wounds but the key issue is that it remains unknown as to why the house was stormed so here in america for no reason guys in black uniform storm someone's house alone in some ro

allows the central banks to do that in fact if you look at the bonus bank act in relation to german germany's gold section twenty six says that they have to prepare their annual that consecrating the generally accepted accounting principles but nevertheless they look gold and gold receivables as one line item which. doesn't conform with generally accepted accounting principles and i've understood understood from people who've asked the biggest bank about this is because they the i.m.f. asks them to report that way rather than conforming with the letter of the law of the voters bank act itself oh and we know how tricky accounting shenanigans can be now i apologize if we get cut off but i do want to ask your views on europe currently sitting in london we've been so focused on u.s. elections right now the protests in greece today what's your assessment right now in terms of the temperature of the the sickness in europe right now. the situation in europe continues to deteriorate. the economic activity here is bad and it's getting worse simply because there's more government involvement more gover

would be better for markets than romney because it meant more money printing and a more dovish central bank so what gives earlier i asked james turk founder of gold money and author of the book the collapse of the dollar and how to profit from it i asked what he thinks is behind the stock market move. well you know the stock market has been going up not because of the good economy because employment is still relatively low. oh the stock market's been going up because of money printing and what's happened over the past couple of months is that the fed announced q e three in september but they actually haven't been purchasing any government bonds the balance sheet of the federal reserve today is the same size as it was two months ago so the fed a reserve has to put some juice into the system if it wants to get the stock market rising as a really interesting and good point now let's talk about what has occurred turned the most during the last obama term there is this great chart i'm going to put it up for our viewers and it shows all of these different assets and what they've returned and gold

first in a variety of different central bank vaults around the world by many countries because of the remnants of the old gold standard where gold was moved from one part of the ball to another part of the fall to settle international transactions but we stopped that system forty years ago you know gold is now used as a reserve in case you need it for a rainy day or to rebuild the currency and with all of the problems in europe today with the euro and the fact that the european central bank is not following goodness bank monetary discipline i think it would probably make sense for germany to return its gold in and keep it in frankfurt under the in the vaults underneath the fund this thing just in case that's very interesting is there an accurate or public accounting of gold for central banks like the bundesbank to really know if it's all accounted for no no no not really because if you look at the central bank's balance sheet they book one line item they call it gold and gold receivables in other words they're mixing gold in the vault with gold out in loan as the same line item which

source denied that there had been money in the bags insisting they were full of beans a lot of the central banks are collateralized by beings that's that's similar to the bank of england mark carney is going to be arriving to the bank of england in a few short months and else line that in the vaults are bags of beans and some of boris johnson's winks but other than that there's nothing to collateralize his bank so yes of course you've got incredible similarity central banks are being looted the rebels whether they're in africa or in england and the motive is the same of course there are being encounters at the central banks in the west so goldman sachs takes over the bank of england this is mark carney of course he is from goldman sachs he was there for thirteen years and after that he was at the bank of canada and now he's at the bank of england now this headline comes with this map as you can see in the above map go government sachs stretches from the tip of crete now to the windy wilds of thirst so scotland now you see all the goldman sachs alumni who are now running europe whether it's poppy

conscious coming from to fund to begin with york's central bank and thousands of families across the do you struggle to keep a roof over their heads. this is an aussie coming to live from moscow hello and welcome to the program the death toll from israel's ongoing bombardment of gaza has exceeded one hundred more than hope the victims are civilians and the numbers are rising sharply so israel has reportedly warned all gaza residents to stay inside or become a target journalist terry fair is in gaza and brings us the nation just in the last few hours just in the beginning of the morning israel said that no one should leave their homes and if they leave their homes they will become a military target of the state of israel so as you can imagine by statements being issued like that by israel over the last few days we've seen israel effect in northern areas of the gaza strip saying we're going to start a ground invasion soon that's happened three times now about lifting exercise but this is the civilian population here is totally terrorized and they are unable to continue their normal lif

maybe because it's easy being the european central bank they'll just print the money. europeans question aware of the cash is coming from to fund the billion dollar h.q. for europe's central bank thousands of families across the struggle to keep a roof over their heads. is ten am in the russian capital you're watching r t with me marina joshie israel's ongoing bombardment of gaza has put the number of palestinians killed over one hundred more than half of the victims are civilians and the number is rising sharply as israel increasingly targets heavily populated areas journalist harry fear is in gaza and describe to us the worsening plight of its people. the collateral damage toll is going up steadily and what is striking here in gaza is that the number of innocents being killed particularly children and women is of such a high proportion of the total destruction of the palestine stadium which is a football stadium here in central gaza city you also heard of israel targeting the ministry of use another child has been killed the hospitals here and the medical professors

for this past week tell me if you notice a similarity similar headline one congo rebel surround central bank in goma. headline june goldman sachs takes over the bank of england notice a similarity about this m twenty three marconi m twenty three mark carney the news is not only repeating itself it rhymes statement yes max i've got my rebel outfit on here and the first headline is congo rebel surround central banking goma congo rebels appeared to be looting the central bank in goma after refusing to withdraw from the city they captured last week and twenty three fighters surrounded the bank early this afternoon and were seen loading white bags into cars that armed rebels looked nervous and ordered the guardian to leave the area they're looting the bank a un source said later another un source denied that there had been money in the bags insisting they were full of beans a lot of the central banks are collateralized by beings that's that's similar to the bank of england mark carney is going to be arriving to the bank of england in a few short months and else find that in the vaults bags of bei

. >>> japan's central bank has decided to keep its monetary policy unchanged. policymakers want to assess the impact of easing measures adopted in the last two months. bank of japan policymakers made the decision unanimously in a two-day policy meeting. they released a statement that said japan's economy has been weakening somewhat. the global economic slowdown and worsening relations with china have driven down domestic production and exports, and japanese manufacturers have to reduce capital investments. bank officials expect japan's economy to remain relatively weak for the time being. economic and fiscal policy minister seiji maehara attended the policy board meeting. he gave credit to the boj for its decision to ease credit for two straight months in september and october, but he urged more action. >> translator: i understand that today's decision means they want to wait and see whether their past measures will prove effective. the nation's economy is still weak, and the global situation is uncertain, too. i hope the boj will carry out powerful monetary pol

harping about is there but are you saying that in this global context where all there are many central banks are engaging in these same policies that the fed is just one part of that or do you see it as a more significant part then perhaps some other major players well that's certainly the biggest part of that i mean it's competitive debasement and he comes here with the weakest parents he wins right now everybody needs to base their currency. they're all saddled with these debts which they just can't they can't get laid off without inflation the other one says it was really to default with so they don't get the kind of growth that's going to help them get out of those debts organically so when faced with a choice of the full or inflate the it's the simplest and by far the most politically palatable solution is to inflate the public generally don't tend to notice that specially when they've given a lot of numbers like two percent of the c.p.i. which i think anybody paying attention clearly knows that is why understated gas so then let's get more into that because you wrote the way you sum up