where they can't deliver the gold that people want they there's panic buying over there at the london berlin market association in fact there's a run like a bank run there's a run over there going on isn't the reuters just reported i mean this is what you've been warning about talk about well you've you had become negative over the past few weeks so that is like the over the counter measure of the gold basis so that wasn't unexpected so you've had go for becoming negative and that's exactly signifying what you're suggesting no go release rates which is the flip side for good food going the negative going up you know it's always explained sort of you know miners want to start hedging when the gold price falls you know so they wish to borrow gold they bid up the lease rate and that moves it into backwardation you know frankly i think that's that's nonsense i've met about fifteen miners over the past two months and none of them have said the hedging the production. so the flip side of that is well why else would you want to borrow gold if the miners don't want it it can only be to satisfy gold

that's right we're talking about the long rumored anticipated talked about default on the comics or london berlin markets association but based on market in the action the run on the bank it's either add and right now or some another extraordinary event is about to take place well it's own now and i think you know his the here's the interesting part on april the first we saw the a.b.m. or default it became public because a client of mine and i think other clients suddenly came onto the onto the marketplace and said are you going to the press and said well hold on a minute i can get my billion back you've got faith in a system that's been hell people have said look you know go to the under bill you mark association i've got two kinds of ways of storing my gold and they steer you into not ok to contract because there's no storage costs much cheaper you know i will just give you a piece of paper that says you go this suddenly we know for years and years and years we've had suspicions about the leverage the one hundred twenty leverage of paper gold or all of a sudden a.b.n. amro comes out and actuall

we already have three or four offices here just in new york and the try state area, so paris, london, berlin and the company is fully operational, every unit is already profitable. or on the way to be possible so it is growing and double digit. >> rose: okay. my interest here, as you know, is what is happening in china too. so where is -- and what do we make of the new president, the new standing committee? and their commitments? >> i think we have a fantastic new standing committee, i think we have, you know, very practical and a wonderful president. i think, you know, the problem with china is things happen, but they have to happen slowly but surely, step by step. being a president is, you know --, you know, i think he is in the most important position to make sure the companies stay on course, the country stays on course and now going too much out of the regular route, routine, either way, i think -- he will out perform everybody's expectations. >> rose: well, speaking of out performing what is the chinese my going to do? >> well, i think, the chinese economy going to do? >> i think we ha

war while people were fighting are if the lives a few miles away, the knowledge of everyone in berlin and london washington, a channel being kept over i thought it was fascinating. i wrote a book about the united nations with complicity of evil which exams to stop again side and the tight is from a u.n. peace keeping report. the own phrase we have been guilty of complicity and evil. i'm interested in the international institution. the idea you step through door and you're not the country anywhere. you're somewhere else. it's fascinating. >> you didn't mention china they are a member. are they? >> china is a member. an important member. the governor attends the committee. in, again, in -- in the 1990s, after the euro was invented. the bis was invented. -- directors and theback of belgium and holland with respect to the countries not really, you know, the key players anymore. but they are still on the board. after the euro was invented and the bis was thinking what are we for? what are we going do? they realized they had to become global and global institution. it was absurd in the 1990s it was a

for their lives just a few miles away in a nice, safe basel with the knowledge of everyone in berlin and londonnd washington, the channels are being kept open. but that was fascinating. quite interested in institutions i read a book about the united nations called complicity with evil which examines the you in failures to start genocide. the title is from the u.n. peacekeeping report. we have been guilty. and i'm just interested in these international institutions, the idea that you step through the door. not in the country animal are. your somewhere else. some is just fascinating. >> the you -- you did not mention china. aren't they a member? >> s, china is a member. china is an important member, governor of the bank of china attends the economic consultative committee. again, in the 1990's after the euro was invented. the bs was invented. a very european institution. the first quarter directors. including nowadays the board of the government bank of belgium and holland. not really the key players anymore. they're all still on the board. so after the euro, the european central bank been set up

for their lives just a few miles away in a nice safe basel with the knowledge of everyone in berlin and london and washington. the channels are being tipped open. i became quite interested in institution. i've written about the united nations, which examines the human failures to stop genocide. and the title by the way is from a human peacekeeper report. the un's own phrase that we've been guilty of evil. i'm interest in international institutions, the idea that you step through the door and you're not in the country anymore. you are somewhere else. so, just fascinating. >> you failed to mention china as a member. are they actually speak was yes. china is a member. china is an important member. the governor of the bank of china attends the economic consultative committee. again, in the 1990s after the euro was invented because the bis was and then you can set up as a very european institution. first board of directors and still includes nowadays the board of governor of the bank of belgian and holland which no respect to those countries, not the key players anymore. but there also deal on the

london. headed that system, it is going to be very hot. berlin and vienna getting 237. to 37.ing welcome back. the top stories here on al jazeera. the interior minister of egypt has denied that security forces used live ammunition against protesters. he said the protesters did not -- deliberately provoked the situation to gain sympathy. egyptian health ministry puts the official death toll at 65. there have been more protests on saturday as demonstrators continue to confront the army. spoke with human rights watch and cairo. i asked her what she saw that. >> we saw, it was a horrible sight. a steady stream of injuries coming in the door. people who led been injured i live ammunition, coming in one after one. the vast majority of them had wounds to the head and chest, the upper body. some had been shot at when the eyes. some had been shot to the temple. if you look at the gunshot wounds, they were very precise and clean. they have been aimed at the high degree of precision. >> how to police respond to the situation from what you have seen? >> from we sell, they initially

london. but she had never seen anything like hamburg and berlin. it was flattened. she wanted to see boston. >> speaking of your family, your first book is completely unrelated to women and war. is there any correlation between "charleston: a bloomsbury house and garden" and are later book, "millions like us: women's lives in war and peace"? >> that was the book that started me off as a writer, "charleston: a bloomsbury house and garden." the book was done in collaboration with my father. he helped me with the book. once the funeral was decently over, i had a phone call from the publishers saying that we need this book within three months time, do you think you could possibly get on with it. of course, my own interest that were underlying the story of this fascinating house. it is part of the museum and it is a beautiful and extraordinary, very special place hidden in the area where i now live. it's a farmhouse. some of us will know that it was the sister of virginia woolf. it just seems like with these kinds of people, those people of charleston, they were involved

for help i expected much wards of thousands of people in the free world let's say in berlin in rome paris and london and new york and washington d.c. just you know we protest for each and every single each and every day but where are the sounds of people going on the road and just demonstrate again that what the u.s. government has done to the newsroom is this golden of the last two years that i was talking about he's leeks well do you make of the funk that a company as powerful as microsoft bent over backwards to appease u.s. intelligence. we expect that and you know the people in germany. as well as everywhere else in the world and they are communicating so openly so freely facebook via twitter and so on that they i think they are already aware that some people was buying into their programs but not in this big number is a nod to the big companies like microsoft cooperating with the u.s. government and the national security agency i think nobody nobody germany expected that in this number yeah but five hundred million german e-mails and calls are intercepted h.e.i. by the u.s. but isn't that a pri

london. take a look at this, 29 here for the high on thursday. paris at 30. some pop-up thunderstorms possible there but berlin into the 20s and vienna 30s as well. here's your extended fraflt. >>> people in the capital of kyoto are enjoying a dramatic buildup before the close of the colorful festival. the climax comes with a parade of giant floats. ♪ >> the procession kicks off with a child dressed in traditional costume cutting a sacred rope with a sword. the festival dates back to the tenth century and one of the three great festivals of the ancient capital. they battled the heat to see the colorfully decorated floats. and this is what they saw, enormous floats making hair raising 90 degree turns at crossings, executed by teams of about 50. >> translator: i was overwhelmed at seeing the huge floats. >> the tall floats are spectacular. >> that's "newsline" for this hour. i'm gene otani in tokyo. from all of us here at nhk world. thanks for joining us. have a great day wherever you are. . > from the four winds and the scent of the earth come the color of the seasons. exploring the four seasons of japan. tokyo

berlin. >> these are the headlines -- just one day old, and britain's newest royal is introduced to the world, waiting media, and crowds of fans gathered outside the london hospital. >> a spanish telephone giant aims to become number one in the lucrative german market. >> a rockstar's welcome for pope francis on his first official visit to brazil. >> we start this bulletin in london where a new prince has been given a glimpse of the world -- or, rather, the world has been given a glimpse of written's london's -- youngest royal. >> it was just a day ago that william k snuck into the act entrance of st. mary's hospital -- william and kate snuck into the back entrance of st. mary's hospital. let's listen to reactions. >> he's got a good pair of lungs, that's for sure. he's a big boy, quite heavy. we're still working on a name, but it's the first time we have seen him, really. need a chance to catch up. >> i think any parent, really, knows what this feeling feels like. >> to make the day even more special, we got to see prince william pat the baby into the car like any regular dad driving his family home -- vince william pack -- prince william pack the baby

berlin. >> these are the headlines -- just one day old, and britain's newest royal is introduced to the world, waiting media, and crowds of fans gathered outside the london hospital. >> a spanish telephone giant aims to become number one in the lucrative german market. >> a rockstar's welcome for pope francis on his first official visit to brazil. >> we start this bulletin in london where a new prince has been given a glimpse of the world -- or, rather, the world has been given a glimpse of written's london's -- youngest royal. >> it was just a day ago that william k snuck into the act entrance of st. mary's hospital -- william and kate snuck into the back entrance of st. mary's hospital. let's listen to reactions. >> he's got a good pair of lungs, that's for sure. he's a big boy, quite heavy. we're still working on a name, but it's the first time we have seen him, really. need a chance to catch up. >> i think any parent, really, knows what this feeling feels like. >> to make the day even more special, we got to see prince william pat the baby into the car like any regular dad driving his family home -- vince william pack -- prince william pack the baby

berlin. >> these are the headlines -- just one day old, and britain's newest royal is introduced to the world, waiting media, and crowds of fans gathered outside the london hospital. >> a spanish telephone giant aims to become number one in the lucrative german market. >> a rockstar's welcome for pope francis on his first official visit to brazil. visit to brazil.

london. >> a center in israel is launching a poster campaign in three german cities, berlin, hamburg and colonethey're asking information about information about nazis that could still be hiding out in germany more than 60 years after the end of the second world war, offering a reward for information of more than $30,000 and it's causing huge controversy in germany. back to you, kate. >> dan, thanks so much. >>> and north korea about to mark a milestone in its history. cnn's ivan watson had a chance to talk to some of the country's youngest citizens. >> reporter: north korea is gearing up to celebrate 60 years since the end of the korean war and we're here at the palace where the founder of the democratic people's republic of korea now lays in state. all these kids they frequently come to visit here. it's been 60 years since the war but this is very much still part of everyday life for north koreans and these kids we've talked to some of them, they love things that most children love, cartoons, roller blading but when you ask them what they want to be when they grow up? many of them say they wa

london. >> 68 years on the hunt for the men who presided over one of the darkest chapters in human history is still on. 2,000 of these posters are being put up in hamburg, cologne and berlin large rewards for the information leading to the capture of nazi camp guards. the phrase, late, but never too late, is featured over a photo to the entrance to auschwitz. the horror perpetrated behind these famous gates is unimaginable. that some of those responsible may still have evaded justice is unbearable for survivors like e renee salt. she has somehow survived, but has never forgotten what she saw. >> they were like skeletons walking, their bones protruding through raggedy remains of skin and their eyes bulged out gro tesk tesquely from their faces. some were naked, and the stench from them is impossible to describe. the water ran out weeks before i got there, the stench and the dirt and the vermin. >> the center which is running the poster campaign estimates there may still be up to 60 former nazis living in germany. >> we are basically turning to the public in germany and saying please help us bring these people to justice. they don't deserve to live out their lives in piece