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 split from carl manga and eugene vonn bone by a work regarding certain aspects of interest rate theory but. you say i figured out that the whole mrs 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 referred to the means as 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 do you see that saudi arabia iraq afghanistan i mean you see this in totalitarian regimes of course i knew this was the case and that's where we're coming out of the maze of well as forbes says i like sandy because

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 n

challenges orthodoxy and a thoughtful way aside from the illuminating monetary debate sparked by jaitleys a guest on the kaiser report the forced resignation of an economist is both interesting and disturbing well if they're there they're fake libertarians out there in the u.s. people call themselves libertarian or not they're fake they're fake austrian school here and and the whole room school is bogus and from here to sunday the whole all those guy. are the fake ideologues that are fueling the basis of the jamie diamond's the the alan greenspan's the lloyd blankfein the terrorism so let's move on to this next headline max group occupy protester accused of bank robbery for holding your being robbed a sign an occupy easton protester faces an attempted bank robbery charge following an arrest at an organized event at a bank during which the occupier was holding a sign that reportedly read you're being robbed dave grusin skee allegedly held cardboard signs outside a wells fargo branch that read you're being robbed while the other said give a man a gun he can rob a bank give a man a bank and

are also people trying to take delivery outside of the system right now i should mention so deep jaitley is a regular guest on this show he's a billion baseness and his research institutional research is very highly regarded and this idea where the supplies are tight and people can't get their hands on large purchases or not even that large purchases of solver this is exactly why you see backwardation correct the price of the short term is higher then in the longer dated futures contracts correct indeed i would just say that this is a way of coloring that comment so yes i mean we've been in backwardation solidly pretty much from january of this year i mean there have been no it's very stripped out but basically we've had. near permanent backwardation which which which sandeep and his and professor they would both say is permanent backwardation of gold and so resigned that everything is breaking down completely and at some point we are going to see this if we're to be correct in as much as only gold and silver money and everything else is just a credit in a promise which can't be paid up

somebody balance sheets of these just part of the overall process i mean why why money or as mr mr jaitley said the only true extinguisher if that would actually be considered to be money everything is a great shock but it's pleasing for those of us that made noise about it for some time i think it's just another step towards the inexorable return of of gold as money on a global basis at some point in the future but it's pleasing to see. that make that change. and to support these kinds of things to continue on over the next twelve months ok let's move on to some recent comments by jeff christian of the c.p. m. group in an interview on financial sense news our first explain who jeff christian is in why what he says even matters what your christian. basically been either put forward or he put himself forward as something of an apologist for the existing billion banking system he's constantly stated that anybody who has. issue with the l.p.m. a fractional reserve system that they don't understand gold and silver and how it's trading cetera and so he's very much takes the other side of the ar

consumption junction camp general ernest shows the real numbers and remember in our interview with sandeep jaitley he did say that quantitative easing these banks these central banks are leading us down the road to a second dark ages so this is something you could expect to see now we're going to we're talking about the consumption tracing count an important part of that is the gulag is working in the prison system factory owners federal prison are stealing our business so in the united states small businesses are now complaining that they're actually having to lay off workers because of the federal prison free labor system eunuch or is a government run enterprise that employs over thirteen thousand inmates at wages as low as twenty three cents an hour to make goods for the pentagon and other federal agencies with some exceptions unicorn gets first dibs on federal contracts over private companies as long as its bid is comparable in price quantity and delivery in other words. if you look or once a contract it gets it so here again it's the u.s. taxpayer financing the system where by their paying th