a completely supply and demand crashed and are we witnessing the end of this global fiat's system krag yeah we are max this is a symptom of it i think about the craziness of this the e.c.b. is going to announce next month or next year reprogram where they're going to overtly buy debt water they can be by their rebuy negatively yielding debt so they're creating new euro zone to buy debt which is going to cost them money as a way of kind of pumping up the european bank system and providing extra liquidity the end of the day it's a it's an endgame that is terminal because the traditional banking model you know where you're going to borrow short lend long if you dot it shrivels up and dies with negative interest rates and so in european sector specifically is where you're seeing the stress i mean doors are banks at all time lows right credit suisse i mean you go down the list of european banks that are now really being pressured and squeezed because the negative interest rates it's not going to get any better and where those banks have their debts structured we're break a owns a debt a ban

jamie dimon almost had to face the music there we came close maybe this time will get even closer kragwhat he's saying going forward i guess this is that bullish for gold 'd and silver we've got about 20 seconds max we've heard we've described this year's being equivalent to 2010 with the reversion back to q.e. and cutting rates just like 2010 we call this year to be the best year for precious metal since 2010 we're well on our way we may go sideways even early in the year and still mark the best gains since 201-2020 is going to be better all right that's going to do it for this edition of the chi. as a reporter with me max kaiser and stacy i would like to thank our guests cry camp if medals report dot com if you'd like to get in touch you can find as kaiser report on twitter or kaiser report dot com until next time. manufactured sentenced to the public will. when the ruling classes protect themselves. with the final. nor middle of the room sick. moscow accuses washington of violating its international commitments the u.s. fails to grant visas to several members of the russian delegati

stanley we were just talking about jp morgan does this have the ability on a material breakout to kragther u.s. banks the question is is it a break out or fakeout who knows we know what happened in jp morgan the last few times it it got up to the high teens, 10 let's go to morgan stanley this is the $46 level. that's the strike the trader chose to buy here. so obviously this was a big breakdown level last year. prior support, becomes resistance, kind of interesting here looks like it's trying to bottom possibly but let's to go to the five year chart this is making what i think some technicians call a wedge. getting tighter and my man carter werth might say might be resolution itself soon one way or the other here is the thing when you see the outright call purchase like this out in time and out of the money i think this trader it looking to say injury it's going higher this is implied volatility the price of options relatively cheap here over the last year or so so what this is saying to me and see options priser are cheap enough nupt to lever up the existing long position or make a be