let's turn to zero zero most two years ago february two thousand and eleven when you spoke to pierre giovanna bank of javadoc dot com who wrote the book life masters and this is what he said then she gets her title of head of commodities and sun this is extremely interesting because what you consume this book is that what is interesting is not the fact that you invented the credit default swap what is an interesting it's a sense two thousand and seven she's buying cool moment is she's buying two foods she's buying sugar in two thousand. seven eight she was already in brazil buying everywhere you know. billy's life got sold on the other thing and this is why you know the prices are going up and to do it you're seeing the results well p.r. john of a is totally plugged in to what's happening in the french banking system it is a society general and b.n.p. of course are totally integrated into the global finance or terrorism network and we know the blith masters his book blast masters which quotes me extensively in that book by the way as he's two years ago he said this was coming the j.p. morgan

i can see where is this going where we're introducing it for copper why is blythe masters as pierre giovanna vic pointed out in that little clip we just showed why are they accumulating agricultural products he's been doing as he said since two thousand and seven two thousand and eight they of course own the regulatory authorities so they of course would have known that they are going to get approval in this by the way the article points out that it's usually the commodities futures trading commission that would approve this sort of thing or not because they know the commodities market or allegedly they do this went through the f.c.c. because he's selling shares in these physical assets so the securities and exchange commission which is far more bought up right there in the center of new york rather than over in chicago they're the ones that gave approval for this was up because it's an exchange traded fund but it is a derivative it's the claims of owner blackrock would have a senior claim to anyone who owns the shares in a copper or exchange traded fund same thing with the precious metals e