welcome back to the kaiser report imax kaiser time now to go to london and talk with sandeep jaitley of bully on basis dot com sundeep lectures to route the world on austrian economics sandeep welcome back to the kaiser report thanks very much max sundeep i want to get your back on because you tweeted recently and i quote if it ain't mangere or as direct student eugene vonn b.b. it is a austrian sorry mrs respectively too many mistakes were made now the reason i wanted to comment this is that many americans consider themselves austrian school libertarians but most will be following me he says what are his mistakes i think his mistakes are probably too too great to elaborate elaborate on sort of on the show. but essentially mazes didn't look back to make good as original axiom which was the value is not outside of your own consciousness and he didn't observe what mangere observed about market action in the sense that there are always two prices there's a bid and an offer. didn't like to admit that interest was a market phenomenon. and he sort of wanted to imply that it's a sort of a na

welcome back to the kaiser report imax kaiser time now to go to boston and talk with professor yeah nearby yam founding president of new england complex systems institute professor welcome to the kaiser report i-max good to be here all right professor i want to get john i read your report and i think it's an extremely important that people take a look at this year report the food crises a quantitative model of food prices including speculators and ethanol kind of version he looked at various possible causes for food price rises tell us what factors you eliminated as the cause of rises which did your models conclude were the cars in general. there or the idea that supply and demand could fully account for the price increases was not shown to be da possible there are two factors that are important one of them is a supply and demand factor that's the increasing conversion corn to ethanol and the other is the effect of speculation on commodity markets. following the deregulation of the commodity markets in the year two thousand those are the two factors. the corn to ethanol conversion has give

welcome back to the kaiser report imax kaiser time now to go to new york and talk with james howard kunstler of consular dot com james welcome back to the kaiser report it's always fun to be with you max all right james howard kunstler you're out with a new book it's called too much magic wishful thinking technology the fate of the nation tell us about the book well the book is really about how we in america are sitting around waiting for santa claus to deliver a goody sack of technological rescue remedies so we can keep on running wal-mart suburbia walt disney world the u.s. army the interstate highway system and the rest of our stuff by other means which isn't going to happen well james the myth of america is that fake it til you make it and there's an idea that the keep hoping for the best and that american can do attitude and that the self-help books remember back in the fifty's or sixty's you had how to win friends and influence people you have this self-help movement you have tony robbins who walks on coal even though recently the people been getting their feet seared but there's a who

imax kaiser this is the kaiser report well you know more bankers more shenanigans stays there max keiser when you look into this mirror who do you see. well in fact you may be seeing jeannie diamond i think if you read this first headline take c.e.o. place and blame her to con a me look no further than the mirror if you want to know why the economy remains so sluggish says the c.e.o. of the j.p. morgan chase and company it's because of us we scapegoat each other we point fingers said jamie diamond while touring ohio no miramar on the wall there's a cricket is banker of the malts jamie diamond and this is a classic blame the victim routine i think he's implying that. we're just going to give it the old college try and try harder to overcome the stagnation of the economy the fact that diamond cut off billions of people from bank accounts because they weren't discoursing enough the legal shakedown money the fact that he's been involved an innumerable crooked scams over the past years paid a small fine and bankrupted the economy no that plays it's all about jamie's vanity . well they talked

welcome back to the kaiser report imax kaiser time not to go to spain to talk with paul moore he's the former head of regulatory risk at halifax bank of scotland otherwise known as boss before i became a whistleblower paul is put himself forward to serve as interim chairman of barclays bank while they go through the period of rough as are paul welcome to the kaiser report. thanks it's difficult to think about banking when you're on a sunny beach in spain. well let us get into it all try to get price some interesting information from me so first tell us about your role of the whistleblower at eight boss what did the bank and what did regulators do upon receiving your information but i did very simple story i. told the board that they should reconsider their strategy for a sales group both if they wish to avoid risks to customers and colleagues and the chief executive fired me i asked for protection from the non-executives and the regulator and i demanded an independent investigation well nobody protected me nobody listened ok so your former job was group regulatory risk is at best i mea

welcome back to the kaiser report imax kaiser we've got somebody in the studio today david smith of geneva business insider dot blogspot dot com david has a law degree he's qualified chartered accountant has worked as a senior executive for a major swiss and u.s. multinationals and global banks david welcome to the kaiser report pleasure to be in paris and to be with you today all right david smith let's talk about switzerland the legendary safe haven went bonkers a year ago pegged its good as gold currency the swiss franc to the euro tell us about this act of madness or maybe it is madness why did they do it well the basic reason for doing it is because the main part of this was economy which is eighty five percent of it apart from the banks was suffering very much from having a strong exchange rate the difficulties are for the tourist industry for the protection of machine and capital goods and also if you think about it for the. isn't switzerland with high exchange rates the reported profits they have coming into switzerland good and swiss francs so the management bonuses go down but ho

welcome back to the kaiser report imax kaiser timed out to go to london to talk with ned naylor leyland should be out asset management ned welcome back to the kaiser report place me here with you max that never leyland you caused quite a stir a few weeks ago when you appeared on one of the least dangerous financial media networks out there when you stated that central banks manipulated the price. of gold even with the library a crime exposed why do people still mock the notion that gold is manipulated obviously manipulated that one of the people or more care probably have an interest in doing so max i thought was interesting that the chap from the bank of england paul tucker mentioned i show you the same day i went on c n b c he mentioned in the parliamentary hearing that he thought the other markets of the self certifying markets may be being manipulated in the same way the law of war is so i think the more career anybody takes place in. in things like the financial times or all the very very mainstream publications it seems some reason the gender against the idea of intervention in th

welcome back to the kaiser report imax kaiser's i'm at a got a london and speak with dominic presby the resident gold bug at money week dominic is also a comedian and sometimes a singer including the smash you tippit debt bomb dominic welcome to the kaiser report hi max how you doing great now dominic we've been talking about singing sensations in the first half of the show you're out with a hit debt bomb what's the song about why did you make it i made it just for fun i should point out actually i didn't actually sing that i can't sing that well i got a friend of mine in virgo to sing it and then i mind along in the in the video but we made it really essentially to to get the message out there of these you know large debt problems that we had and we were trying to do it through the medium of comedy and it's done pretty well it's had over a hundred thousand hits in the week in just one week so that's pretty good i don't know how you define viral but i suppose it's nearly viral right and you touch on some interesting things. in the song if people were to really hear a transcript of the s

welcome back to the kaiser report imax kaiser time now to go to niceville florida and talk with carl denham juror of market taker dot org karl is also the author of leverage how cheap money will destroy the world karl denninger welcome back to the kaiser report a thank you max i was reading your most recent tweet carl you say new york throws a wrench into crony banks tourism explained well yesterday. new york state decided that they've had enough of the games that the banks play. and issued a rather stinging indictment if you will against standard chartered which is a british institution. alleging that it had essentially process two hundred fifty billion dollars worth of prohibited trim and sections for the benefit of banks in iran. there are sanctions against doing that sort of thing and there are limited exceptions for what are called u.-turn transactions and what the new york regulator said is that the bank not only willfully and intentionally circumvented violated those restrictions but that they knew they were doing it that they stripped identifying information from the wire tra

imax kaiser this is the kaiser report yeah now i know i jamie diamond doesn't come on the show stacey max the first headline might have something to do with that a condom. just appearing on max keiser show forced to resign this is on forbes magazine max and in an email confirming the action sandeep jaitley explained to me apparently they don't want to burn bridges at the gold standard institute and i take this to mean bridges with large benefactors and partners however jaitley is unfazed and values to continue his work including a ph d. acceptance speech on the lewd big gone missing split from carl manga and eugene von bone bay work regarding certain aspects of interest rate theory but. you say i figured out that the whole mazes institute was populated with dangerous ideologues and that these guys formed the basis for the corruption on wall street for the financial terrorism on wall street they refer to the media's institute as their ideological framework that's why they're dangerous ideologues that we have a guest on the show just talking about it in general terms he's fired now what

time for a look at the most scandalous stories behind the scenes of the global economy in the kaiser report. imax ties or this is a kaiser report yeah berlusconi back in the news could be the next guy in iran and only states herbert well i don't know about that but he certainly is copying you max berlusconi family newspaper calls merkel the fourth reich yeah i think this is an interesting development because in europe the. countries are now at each other's throat because. after the initial euphoria of the euro brought in a wave of inflation. then that was unsustainable now it's deflation and collapse so it's back to countries that each other's throat and calling germany the fourth reich of course i mean germany has tried it two or three times before they'll try it again you know they'll keep trying until they get it right one of these days speaking of berlusconi he was famous for his bunga bunga parties and there's bots gone wild over in the united states this is something else that we've been warning about here and that's high frequency trading this is what happens when an h f t l goes totally b

imax guys or this is the kaiser report i know if you think about justin bieber right you know max banky. yes byrne and the more popular than justin bieber this of course if you watch c m c so chicago booth school of business professor randy cross there was on c.n.n. b.s. and he said that ben bernanke he is more popular them justin bieber but also responding to a question from a caller who asked about romney's plan to audit the fed and he said well the fed is already audited by the big accounting firms well yeah this is justin bieber should be running the fed really because he'd have more sense but the fact that this c. and b. c. clown can make this kind of statement. because you think c n b c listeners old eighty year old white guys dribbling on their front of their shirt like a charlie munger and warren buffett would be like oh we're we're we know who justin bieber is we would you do we say we're going to cripple brokendown non-sensical it is almost all you did mention warren buffett so let's talk about warren buffett buffett's move raises a red flag a decision by warren buffett's berk

but come back to the kaiser report imax cars are time now going to washington state and talk to the original silver guru himself david morgan of silver investor dot com that's over hyphen investor dot com david morgan welcome back to the kaiser report backs great to be back all right david margan you are of course the silver guru but before we get to silver i want to talk bonds you have recently made a bold call is it time to short bonds david morgan are you the guy to make the right call many have come before you and ben wrong are you there now well backs to be totally honest. i've made a couple calls i said recently and actually over the years that apology more money made shorting the bonds in the u.s. bond market could possibly do there's so much leverage available through the e.t.f. the double e.t.f. options and of course the futures market and i've actually taken a stab at it a couple times not very confidently in the two cases that i recall i used options myself and actually these bonds just kept treadmill log so. is it the right time or not i don't really know as certainly near the to