i am max keiser welcome to the kaiser report round has gone crazy according to mrs wang americans are dumping paper gold and diving into the dow europeans are lining up for separate haircuts the e.c.b. is ready for a negative deposit rates the fed values to maintain its eighty five billion welfare spending for wall street and the bank of japan is flying the yen into the ground and israel australia and india pledge to follow great leaps forward are being made daily and central bank and sanity while the real housewives of china are backing up the truck yes mrs away is fighting the fed and the e.c.b. and the bank of japan to do. because of course mrs west has seen this movie before it was called the great leap forward and it brought about what is known as the three years of natural disasters or if you prefer the three years of difficulty in which between fifteen million and forty three million chinese died during the great famine brought about partly by central planning gone completely freaked out amok mrs wang no. is this that's why she's buying gold stacy yes she is and of course she's

-prize or welcome to the kaiser report round has gone crazy according to mrs wang americans are dumping paper gold and diving into the dow europeans are lining up for cypriot haircuts the e.c.b. is ready for a negative deposit rates the fed values to maintain its eighty five billion welfare spending for wall street and the bank of japan is flying the yen into the ground and israel australia and india pledge to follow great leaps forward are being made daily and central bank and sanity while the real housewives of china are backing up the truck yes mrs wayne is fighting the fed and the e.c.b. and the bank of japan too. because of course mrs waring has seen this movie before it was called the great leap forward and it brought about what is known as the three years of natural disasters or if you prefer the three years of difficulty in which between fifteen million and forty three million chinese died during the great famine brought about partly by central planning gone completely frickin amok mrs wang knows this that's why she's buying gold stacy yes she is and of course she's seen the cen

gold a year to date as part of this sell off now converse league chinese housewives the mythical mrs wang bought three hundred tons in two weeks which is a more important trend here difficult to say i'd probably say neither because you know if one take that's interesting though i would say i would say the reason why i think gold will continue to do well in the medium to long run is simply because it will be discussed earlier that the central banks will. you to print money and that should be a good reason for the chinese weather domestic oficial to buy more gold and should be a strong reason the medium to long term for those investors in the in the gold e.t.f. stude to continue to buy gold so in a way i think these are well which group of investors is currently buying or selling gold i think these are short term tactical factors that i think in the long term do not make much of a difference for the altar of the gold market i will say one more thing about cyprus and the central bank selling gold or using it a collapse as collateral i think what we could see in some of these cases is that th

i am max keiser welcome to the kaiser report round has gone crazy according to mrs wang americans are dumping paper gold and diving into the dow europeans are lining up for separate haircuts the e.c.b. is ready for a negative deposit rates the fed values to maintain its eighty five billion welfare spending for wall street and the bank of japan is flying the yen into the ground and israel australia and india pledge to follow the great leaps forward are being made daily and central bank and sanity while the real housewives of china are backing up the truck yes mrs away is fighting the fed and the e.c.b. and the bank of japan to do. because of course mrs west has seen this movie before it was called the great leap forward and it brought about what is known as the three years of natural disasters or if you prefer the three years of difficulty in which between fifteen million and forty three million chinese died during the great famine brought about partly by central planning gone completely frickin amok mrs wang knows this that's why she's buying gold stacy yes she is and of course she's

i am max keiser welcome to the kaiser report round has gone crazy according to mrs wang americans are dumping paper gold and diving into the dow europeans are lining up for separate haircuts the e.c.b. is ready for a negative deposit rates the fed values to maintain its eighty five billion welfare .

i am max keiser welcome to the kaiser report round i has gone crazy according to mrs wang americans are dumping paper gold and diving into the dow europeans are lining up for separate haircuts the acb is ready for a negative deposit rates the fed vast him.

i am max keiser welcome to the kaiser report round has gone crazy according to mrs wang americans are dumping paper gold and diving into the dow europeans are lining up for separate haircuts the acb is ready for a negative deposit rates the fed values to maintain its eighty five billion welfare spending for wall street and the bank of japan is flying the yen into the ground and israel australia and india pledge to follow great labors forward are being made daily and central bank and sanity while the real housewives of china are backing up the truck yes mrs away is fighting the fed and the e.c.b. and the bank of japan.

urging people in asia is my question the new goal is still a vigilantes are mrs wang over there china is buying goal mrs watson abi in japan is buying gold in other words people on the street are buying gold and silver because they they see the price crash as something to be love they love it they're not they're not being scared out of it they love it they buy it do they have the power to bring some kind of harmony back to these markets that are so badly stretched out of shape you know you're going to see a push there's a difference between paper gold as you've talked about on the show and we've talked about in the past paper gold and physical gold as i told you i was in new york and i tried to buy as much physical silver's i could find and the premiums are higher and nobody wants to sell the physical product when the price gets too low because you're getting your points in gold and silver where you're reaching the marginal cost of production once you get to those levels the miners are not going to sell them at a loss like the fed does they're going to shut it down so if it goes below

been hearing anecdotally that both mrs watson nobby and her counterpart in china let's call her mrs wang. have been buying gold and as gold has been selling off on the exchange traded funds in new york there's been there's been much more demand in asia man speak about the huge demand in india in china and as you point out even in japan you're seeing a huge surge in gold demand and if in fact you look at the price of gold in yen terms it's still essentially at all. time highs i mean it hasn't fall it's about a percent off and it's fairly close that's correct and indeed when the japanese look at that five percent decline and they look at what their government's trying to do and they sense where it's all going now actually they'll just keep on buying gold there will be support but let's listen i'll let me jump in here because a couple weeks ago the m. gold in yen actually made a forty year high and it seems i kind of got fishy in that this is when he had an enormous attack on the price of gold five hundred tons of gold sold in one trade practically on a friday afternoon and they smashed the

in that the as you point out mallow when faced with destruction double down double down now did mrs wang of course and saw that mal or bureaucrats when faced with catastrophe instead of having humility to say. i'm a jerk and we've got to change same thing with federal reserve ben bernanke you're barack obama instead of having the humility of just facing the public and saying i freaked out i'm an idiot we've got to change course they're doubling down on their insanity was a foreign policy or whether it's domestic policy to print eighty five billion dollars a month in quantitative easing america it will be honored sixty billion soon a three hundred sixty trillion dollars it's just no limit to the insanity the doubling down of their collectivism. and to pay for it they're going house to house they're confiscating wealth they're taking people's bank accounts and it's an atrocity yes it was grain shortages which caused them to double down in china dung in one nine hundred fifty eight well it's shortage of liquidity that is causing them to double down and they say well but the fact is of cours

presiding officer is board president chris the wang, she's joiner tonight by an lazarus, commissioner frank fung, damper honda and arcelia hurtado, to my left is mr. brian, he will be here for legal advice tonight and at the controls is victor pa chico, i'm gloria, we're joined by representatives that have cases before the board, scott sanchez is there,

presiding officer is board president chris the wang, she's joiner tonight by an lazarus, commissioner frank fung, damper honda and arcelia hurtado, to my left is mr. brian, he will be here for legal advice tonight and at the controls is victor pa chico, i'm gloria, we're joined by representatives that have cases before the board, scott sanchez is there, he's representing the planning department, roger duffy is here representing the building inspection and john quan is here, he's the manager of public works, bureau street and mapping. at this time, mr. pa check koe, if you could go over the board meeting guidelines and conduct the swearing in process. >> the board request you turn off all cell phones and pagers, please carry on conversation ins the hallway, the board rule of presentation are as follows, appellant, permit holders and department representatives have 7 minutes to present their cases and three minutes for rebuttals f, people affiliated with these parties must include their comments within the 7 or three minutes, they have up to 3 minutes each to address the board but no rebuttal, to assist the board in the accurate preparation of minu

presiding officer is board president chris the wang, she's joiner tonight by an lazarus, commissioner frank fung, damper honda and arcelia hurtado, to my left is mrbrian, he will be here for legal advice tonight and at the controls is victor pa