gasoline but pretty soon it'll be five dollars six dollars ten dollars there is no end in sight as long as the government keeps spending in a fake huge printing i have to finance it prices for everything or it is going to go up all right let's talk about china for a second because they aren't being you predicting predicted that they will raise the value of the r. and b. the something that the u.s. has been encouraging but actually it's not good because this shift purchasing power to china has actually the negative for the dollar they talk a little bit about that yeah you know the chinese have undervalued their currency for years and we constantly accuse china but somehow doing that benefits china at our expense when it's actually the reverse because what happens is if chinese undermine their own personal power most of their own citizens see the value of their savings and devalue their wages diminish and so they can afford to buy a lot of things that absent that intervention they would be able to afford and the flip side of that is americans are able to buy things that absent that interv

dollar and of course silver and gold are the contra indicators of the dollar and the dollar is still trading almost at an all time low and that trend even with the some a spectacle having given it a bit of a boost it's still trading terribly how can these two things co-exist the dollar trading at near all time low with a twenty twenty five percent retraction in the price of silver. well they can take they can't exist at the same time indefinitely here something has to break but you know they're measuring that when you talk about the dollars trading near lows that's the dollar trading against other fia currencies if you look at what has happened the dollar measured in boiled or the dollar measured in silver for the past decade the dollar is just crashing it is burning and crashing and this will continue you know right now we are seeing. the euro is beginning to fall apart the euro is a very poorly designed currency that cannot last you can't have all these central. countries with different monetary policy sharing one central bank and expects the currency to last as far as the dollar t

dollar has expressed either in dollar terms we're just in terms of u.s. treasury bonds has lost about sixty five percent of its purchasing power against a broad basket of commodities and i just find that with this latest ramp up over the last two years and worldwide commodity prices and in the global financial community there's a real reluctance to own up to the fact to face up to the fact that paper currency is losing its purchasing power against natural resources so i do think it is a starting off point it's worth just pointing out and pyrrhic lee that the u.s. long gone is lost sixty five percent of its purchasing power against a natural resources which are all the things that we used to live every day since that's what year since two thousand to. the sixty five percent loss of purchasing power again. just resources the stuff that you buy with that paper money for and the the d. x. y. the actual dollar index that people look at that has not depreciated sixty five percent since two thousand and two. so i think what also is saying here is that there is a

a multi-billion dollar. plus this is not really this guy problem so much as the problem of the markets themselves they're all over leverage because of the fraud in the. world where is robert zoellick is robert zoellick and the going to trust god having a meeting at the world bank. how am i not. yet. there is another quote from the policeman of the situation which is important to me to address because he doesn't take it as seriously people don't take these flash crashes and hank paulson holden the american population hostage we see no intention of political terror here the policeman says the suspect was just trying to affect market sentiment again let me emphasize that due to the propaganda they have successfully delineated between financial terror and political terror this is been commingled into one global financial terrorist dominated global economy there is no political terror anymore there's no ideology no no political parties there are no religions there are no country boundaries there's only the market

big by a lot of dollars and they used those dollars to buy you a straight reese and that creates more demand for treasuries and that helps keep the rates down and it's not just china it's with china keeping its currency down you have all these other countries in southeast asia that are trying to remain competitive how we china and so they're buying dollars and that's why you see all these sovereign wealth funds all around the world that are loaded up with dollars because all these countries are trying to keep their currency low but we wait they lose and when they realize that this is not in their interest they will stop doing it because these are political decisions to buy dollars to suppress their currencies and when they start to believe that these decisions are wrong and they start to see the consequences because of what's right now is inflation all these countries that are suppressing their currency have to create a lot of my to do it and that's inflation and prices are rising and people are a lot of these countries are hurt harder by higher food and energy prices because that rep

dollars. and there are presumably there's some kind of exchange rate the exchange rate currently is around six or seven u.s. dollars for one bitcoin and that's floating i would imagine it's it's twenty four hours a day it's floating rate right so it's a floating rate depending on various online demand just like the any four x. just like any currency there it's it's floating on the exchange based on supply and demand exactly exactly i mean overall though i do think the exchangers are one of the weakest links in the chain just to. is that's where the rubber meets the road in terms of converting these so-called math puzzles ok into actual national political currencies ok so that you're saying the exchange mechanism or not is not as robust as it could be because because of the puzzles that go into creating the exchange rate mechanism i mean the math puzzles just. it's just a slang term that i use for the digital you have to remember it's a digital barrier token that i'm sending you so it's like if

then the price of gold goes up and the value of the dollar or the price of the dollar goes up which means that it's harder for our exports to export products if there of selling into the market the price of gold goes down suddenly value the dollar goes down we all get poorer and and this literally could happen from day to day i mean it would be insane disaster. so i just wanted to understand these two things and how they work and you know it. it's frankly time for us to roll back the enron loophole to take phil graham's legislation the commodity futures modernization act and graham which totally which which i blew up the glass steagall act which broke up the you know kept the investment banks from real banking business and throw them up let's let's just undo these things there was actually legislation that that answer close to get through the house to undo these things at the republican stop in the senate in the last legislative session it's not going to come out of the house that's not because of a crazy republicans it's time to throw the money changers out of the temple of commerc

dollars farmville dollars as i explained at the top of the show when you spend your three out money the a levels of debt in the world grow which has the effect of reducing your purchasing power it's called inflation you're getting poorer every day because you keep spending this money that's backed by ninety nine percent debt that was then good dollar or a form of gold dollar is backed by one hundred percent of nothing and the more that use time you spend on farmville or azango the more of the overall money that's in circulation is deep based by a quantum leap more in terms of the basement and you end up in prison so these johnnies prisoners who are forced to play single form go games to amass credits that are being passed through their prison masters people in the us at home they've effectively can't themselves then to their own home prison where they're playing on zoning of dollars and farmville creating massive amounts of this of this new fee virtual currency which is debasing the purchasing power and it's the same thing as checking into prison they're taking their hard earned money t

millions of dollars of your taxpayer dollars but i don't know that it's my taxpayer dollars well they got . bailed out they got millions and millions of dollars and a security i disagree with the bail out completely so why does the government's keep bailing out the banks. because a lot of people in the government go to work for the banks but all intertwined after that like goldman sachs today. when you consider that a conflict of interest because the government supposed to represent the little guy yes i would but they both so intertwined that they can keep doing it they knew that they were betting against harms homes being foreclosed on and mortgages were kind of bomb and people started losing their homes is that still ok people who couldn't afford to buy homes so you think it's their responsibility i don't think they should have read the fine print when you borrow three or five hundred thousand dollars you need to understand what you're doing i'm not ok with the rich are getting richer but guess what this is a man. more power to even at the expense of other people i once bunch of oth

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 world war i and what changes here is there's the economic crisis hits our. well i think what changes is that are 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 our currency your problem was an old phrase and the world is not happy with the fact that they are 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

and their dollar to the european area and their euro but only going to explain something about the dollar enjoying a bit of a bounce recently time exactly to the moment when been logged and spectacle stands simply guy pakistan shot violence film little love and huge american state sanctioned terrorist blood guts pentagon armed military conflict the military industrial complex i.e. you do are you d s it's a huge bladder fest that we've seen which is the basis for the rally in the dollar there's no jobs or there's no manufacturing there though i think i think the dollar district in the states tension terrorist act that's what the poll is all about china does want to go to the more it is one of the more bangladesh was a little more but it wasn't all the more because all in fact the dollars if you bought a boat your boeing volunteer is the author of the books over and gold there is no alternative bangladesh and a little blip it's not a rally in the dollar max they get lots of gold listen we don't have that much time left and i want to show you another headline banks driving people to suicide

know people know that something is wrong with the dollar he said of the dollar with as good as gold other countries with want to buy it so here's a question for you though we switch to goals as the gold standard is everything then sunshine and daffodils for the u.s. economy no you. because the business of america is war as opposed to the business of china is business the united states is draining the treasury before our eyes look since the libyan war what a billion dollars already spent i just saw report today since the war on terror the united states is gone two trillion dollars we have known our manufacturing base we have now number two to china now it's not going to solve everything what it will do is however it will give other countries a more stable reserve currency to deal with because they don't want to get stuck with a lot of worthless paper i'm curious they're all i mean about the feasibility of this idea we got these sort of more mainstream people talking about implementing the gold standard but what this does is this takes the reins away from the elites here in washington

and yet billions of dollars oil and gas state. real baby drill. one needs from there to plug some stuff and one of my freshmen consider potential areas for development in south atlantic and the gulf of mexico. and. if the food. prices. sound from phones to. meet friends down sati don't come. in india geez available in the grand central shirts and the. president goombah. but what for none of beatriz old. taj mahal hotel charges some of her child.

a barrel range is around one hundred ten dollars a barrel. it's time to look at how the stock markets are performing asian and shares are trading in the red this tuesday in hong kong the stocks are under pressure following the losses on wall street and concerns about european debt problems property developers and some banks are lowered with heavy weight is b.c. down more than half a percent energy producers are extended losses are we could crude in japan tokyo electric power is losing more than ten percent on concerns over compensation payouts after the recent disaster in tepco the sheema daschle plant and here in russia the markets finished monday's trading session lower the myself and my six loss maybe point six of a percent the outyears ended up over a percent in the red. and russia's equity markets have seen significant falls in the past few weeks but piece of the western eighteen capital does believe a rebound is on the cards once the shift back to less risky assets diminishes. eventually there will be a bounce back in particular looking

dollars was one. but it's hard to know who receives the money in this case you know who the owner is someone from the government or. just. especially in this because this is the area which was. taken by people in the us or some other people from women in the poor people who are from the syrian and the same in this state that make the social. push that this man was one of the very first to inform on the ship or situation a member of parliament was waging a war against corruption. just by nationalist is a gandhi like character modest and extremely popular some called the populist in terms of number of votes his number three in the country today he's going to create quite a stir in parliament. indeed winter is here and with it comes famine and extreme urgency as he has just discovered the food aid hasn't reached the villages yet. my mantra. it was too much. because it was sort of i protest from what that's for the same reasons as last year or your to remember i was expelled last year this moment if i'm n

and yet billions of dollars oil and gas stay. baby drill. one names from there are problems. one might consider potential areas for development in south atlantic and the gulf of mexico. please. we'll. bring you the latest in science technology from the realm. of the future. repairing a broken. highway construction and humanitarian aid. buses shady officials look at the spoils of war it's the people who pay the price. profiteering here is no longer just to drug trafficking.

they are reportedly rejected a thirty two billion dollars offer to buy its stake and tank a v.p. jr has consistently objected to the nature of the deal saying it broke its shareholder agreement with b.p. however sources suggest is still prepared to negotiate if certain conditions can be met but you really love a chunk of a front row seat believes there's little hope that you can be revived. but also it will not continue negotiations with both companies which british company and will be a russian part of it because to my mind ross nafta has already gods quite an awful lot of problems and putting all of this project because of the willingness to help russian part to prove the whole deal was never does now will continue negotiations or start negotiations with other one another strategic partner we know that between january and march first and has already received the. proposal and expression of interest from shell exxon and chevron and also from cheney is an indian company has about three you work on the arctic shelf so i believe they're close and have to turn to those companies and

tension terrorist acts that's what the dollars all. because reported just over two hours time here and. several russian attacks officials are having to. being investigated over allegations of stealing forty seven million dollars it follows on a pro by lawyer sort of. guard in custody in two thousand and nine off and edge of me being refused medical treatment because friends later published his findings these are really good stuff and join us live from. being widened what else do we know well. let's start off by talking a little more about sergei magnitsky who is the man at the center of this very recent taxation scandal he was a lawyer for the firm as its capital group was accused of tax evasion in two thousand eighty was taken into custody was was under investigation in names of both an illness and died in november of two thousand and nine when that happened the death of his death sent ripples across the human rights community including their presidential a human rights council have to various groups have demanded a thorough investiga

afghanistan the dollars. i welcome back to the kaiser report i'm max keiser time now to go to new york speak with a reggie middleton of boom bust blog dot com read your milton welcome back to the kaiser report it's good to be back regimental to last on your on the kaiser report you tell us how zero zero percent interest rate are starving the banks but it was designed to say that the time you were the only analyst in the world to imagine that it would starve the banks and even proven correct so tell us more about this what's the current status of the current status is the. same as before the banks are not making in the real economic profit off of their interest bearing assets and they're taking a losses on the liabilities. of the assets that have become liabilities. i think also in the last i'm going to show i discussed something that was relatively contrary and unique as well and that's banks that were actually willing to walk away from foreclosures well bloomberg ran a story this morning as dead head cities

dollar backing the u.s. dollar backing the fed and their chip away rating you're not allowed to know that and yet people are like their children are coming down with those leaves and nazia and and they're still allowing this to happen because they're being paid a thousand dollars or ten thousand dollars for the right. currency for the right to drill under their lands well that's sounds like a dire situation of folks that don't seem to understand the value of their own life person of the corporate profits being generated at their expense all right thanks again for being on the kaiser report from some on the slopes location in the united states thanks max don't go away when we come back much more so stay right there. and. welcome back to the kaiser report imax kaiser and as promised. then the letter eric sprott brought asked that man is read eric sprott welcome to the kaiser report max are very happy to be here particularly because you've been such a stalwart in pushing people towards silver which i think is t

has been engaged in two rounds of quantitative easing trillions of dollars printed the u.s. and their currency in china now do you remember he is pegged to the dollar so every time the u.s. prints money every time ben bernanke the prints money china has to print money who's a currency manipulator china or the u.s. that's the big question here are you going well obviously this is a tale of legs a dog or vice versa you can't really say china is the currency manipulator of their peg into the dollar which is being manipulated but it's the world reserve currency so they say walk if you possibly manipulated because they live in a snow globe of denial they're in a world with a three hundred sixty degrees of fraud they don't see that there is a currency manipulator tim geithner you're the currency manipulator max the central banks around the world i would disagree that if anyone unique when i'm we're in disagreement on that one because china's empty. it was up fifteen point three percent in april alone so they're doing a darn good job printing money and in response to this limit dow

dollar back in the u.s. dollar backing the fed and their chip away rating you're not allowed to know that people are like their children are coming down those leads and nazia and and they're still allowing this to happen because they're being paid a thousand dollars or ten thousand dollars for the right a few currency for the rights to drill under their lands well it sounds like a dire situation of the same gonna stand the value of their own life versus the corporate profits being done. right at their expense all right thanks again for being on the kaiser report from some undisclosed location in the united states thanks max don't go away when we come back much more so stay right there. this is not a problem but warn. everybody sure it's a pretty picture they have no idea about the hardships that face. plate one it's. ok to do since. the army the life of use is the most precious thing in the world. of self-sacrifice and heroism with those who understand it fully you have to live a. real life stories from worl

twenty million dollars in fact. a for a country such as afghanistan twenty billion dollars is a lot of money but how will it be spent. when members of the conference there cross the partition that separates them from the press unpleasant questions start flying around. why will corruption and opium trafficking be found mr president first c n n what kind of guarantees you offering the international community we will we would all for all they're going to say that these people fuss is just a myth no it is the cold cold which just a little on this is to kill people to deliver the goods services to get you to grow food that you corruption and drug trafficking condom to be followed by us the afghans also have to be also. going to focus on was to make good use of this assistance we must give it to the afghan people by putting you putting it on a concrete examples that are more appropriate sulfurous in the past or be more comfy don't present these things so we can extend that it is and that stand that concerted stand back. c

hundred fifty billion dollars let me get your comments on something that's in the new. talk about goldman sachs for a moment two stories have come out s. and p. just downgraded goldman sachs and we've also got a downgrade from the wall. all straight guy all day who came in and said that based on matt taibbi exposé in rolling stone magazine that the stock's price target was lowered substantially by more than forty dollars and goldman sachs case the stock is down six billion dollars already today and making reference to this matter be article did you read the matt taibbi article your analysis or financial analyst analyst did he get anything wrong in any of his analysis or is not tied me you know he's a primate he's a journalist an investigative journalist he's not a wall street guy some people might question his analysis but reggie middleton what do you say about his analysis is it accurate well to be honest i didn't get to read the latest. article by terry but i can tell you i've been attempted to alert those who felt the goldman sachs guys. have excrement it does not sm

>> for the shipyard, that is a multi-billion dollar project. when you look at the completion of mission bay, there is probably several hundred million dollars of work to be done there still. commissioner torres: you envision a city being approachable on creating its own funding? >> yes, part of what your looking at is -- part of what you are looking at is the city's response to moving forward without redevelopment. i think it is highly unlikely he would see a scenario with the city would not elect to be the successor entity for previous redevelopment activities. i think it is highly likely that you will see some type of phoenix rise from the ashes even if we are eliminated. >> the phoenix can only rise if the voters vote to approve it. what do you think that revenue stream would come from? >> there are a few. a couple of things on that. one is we spend half of our tax increment in san francisco, and we are unique in this way, on affordable housing production. as you all probably know, the city, on a couple of occasions, has gone to the voters f

was one of those how the million dollar. is there and that's the big question there is no base these people running. for own legal defense are afraid of. that indicates something new there is a high level of corruption. misuse of public property misuse of those monies the development. at the same time there are. discussions about truck traffic when i look to some of these expensive housing it can't. even the idea of corruption because one million dollars is just building up for industry. is very high. corruption and investment. but also drugs. it's impossible not to think about opium trafficking when you come across ask a new full range. the country produces ninety percent of the world's heroin. seven thousand tons per year. sure the taliban profit from the drugs trafficking but according to the american press so do afghan government officials inside the administration. under the pressure of the international community the government has set up an anti narcotic special unit its means are considerable for such a country. even

yes six thousand dollars. at the prosecutor's request control commission started looking into the n.g.o.s books. i mean they are policy controllers of the law they came across lots of expenses that have nothing to do with the hospitals he's refusing to say that well you know most about everything then let's offer me. the prosecutor keeps invoices of the ngos operating expenses in this plastic bank for him they're simply too high . it's a trick this is the whole communications network. expansion that salaries computers travel furniture television at rugs for their offices these days we cannot allocate those expenses to be original budget for the reconstruction in these items cannot be considered part of their mission not all doubt whether any of it but for the heads of interest their normal operating costs for a western in geo of course he never approach if you do do will ensure there is a complete over that. the so-called supporting costs those who spotted their communication causes the peak ups for the materi

dollars to urals that would spell trouble for the u.s. dollar so here if our. stars comes but our idea of my away from the dollar toward special drawing rights of i was one of the treasuries i was one of the key bonds for a couple for countries to invest in the. trouble for u.s. treasuries and again it would still trouble for the united states dollar i mean europe and the euro. what for europe and the euro the euro in the way i believe i personally was a transitional experiment currency the euro is technically strong but it is culturally still a weak currency it is not yet by no means equal currency the special drawing rights and the myth and make our little words into a country. it is a strong mechanism because as it stands right now it is a basket of currencies that includes the united states on the euro pound sterling. or a fourth currency now it is stronger our there is a strong core to have the brics currencies are in call resume russia india and especially china so the fact there are dispersed special drawing rights will be strengthened in quantity and be

mean they're missing two trillion dollars so i guess you. can find there are just like our federal government there are certain hard choices that governments need to make what can we live with or can we live without and what would those just all be looking out from if you were at war and the afghan war they have that we live without the tax base for the it's a let's fund schools let's on the firefighters those things a little more you know as you say there is no what you and others if we seem to be coming close to a consensus last question quickly are two extremist right wing groups the oath keepers of the john birch society or among some of the sponsors of the rally preceding the fox news republican debate last night they had their own goose set up to throw their conspiracy literature at the tea partiers but the question is what are some lesser known sponsors of last night's republican debate could they be a trump spray on hair now or poor schmucks can have a million dollar to be pj's jerky tasting tasty treat straight i'm sure is shot down