A figurehead of the opposition honed his skills of brought. In just about an hours time and your father is going to be here with a look at the top news of the last 7 days and the kinds of report is next here on r. T. Max keiser this is the cas report you know this began as a celebration of our 10 years of kaiser report incredible if i think so stacey if the next quarter we knew be celebrating our 10 Year Anniversary you know because i like to do month long saga celebrations my birthday is officially one month our 10 Year Anniversary is going to be a whole quarter just so you now and you know one of the themes that kind of has been constant in the past 10 years is this new paradigm shift i remember over it 0 head and Liberty Blitzkrieg they called it the 4th turning right that there was a huge generational paradigm shift that was happening and you could see that with the meltdown were having with china and the trade war and its really about the sudden recognition even though some of us have recognized that for quite a while the Southern Recognition that they actually beat us and high tech stuff and it suddenly dawned on us they are we 2nd rate to them and we have the melt up and feel i in these negative yielding bonds theres a little melt up happening there and i think its the beginning of the age of bitcoin and the return of gold yeah i dont doubt that one bit because we have now the globalization and the dollars asian which will be. Superseded by the age of individual sovereignty and the way to fund that is through bitcoin if you have your keys its on confiscated all and its hard money so this is the 1st time ever in the history of human so youve had an unconscious capable hard money available to individuals. And this will give rise to globe of individually sovereign individuals and the nation state will subside and the role of money will collapse and well have a new era we at kaiser for have been covering this emergence of this new era you know sometimes you make incorrect observations because youre only predicting what could possibly happen but weve been remarkably accurate in terms of our assessment of what was actually going on we coined it for example global insurrection against banker occupation and the banker occupation is really the central Bank Occupation and this is where it was. Rigged the system was rigged and the fact that they could print money and give it to their buddies on wall street to dispense to us it was like one of these all coins where they have a pretty mind and they give it to their friends and the friends are supposed to disperse it but weve had this situation of the global insurrection against banker occupation and i want to turn to a tweet stream that somebody read tweeted into my stream this past week and that was a tweet i had sent august 26th 2012 so this was a year after we had started talking about bitcoin. A little bit over a year actually after we started talking about bitcoin on kaiser report as a response to this global insurrection against banker occupation and i had tweeted to john with tonus that other than this bully on basis episode member basis fired for talking about gold on our show i have to say our big coin episodes have caused the most wrath and havoc so in our comments we would see that over and over especially the gold bugs and the supporters of our system that keynesians they would be very very angry if we ever talks about gold and jumma tonus replied maybe youre on to something value economic. Entering a strange new land cryptography is the differentiator well this is always the problem with journalists comedians and poets and that the truth is always rejected but it is the greatest of the poet the journalist and the comedian to be. Truthful you know to be just report what you see the wrath of the Online Community against our reporting on because at that time because it was universally hated i mean people talk about it now people on wall street are buying it has become a very good you know the fact that the prices rising this peoples who are status seekers and in concert and can and consumers are buying because because the price is going high that back in 2012 when it was you know less than 10. 00 less than 20. 00 you know people hated with a passion and they hated the fact that even we were talking about it and you know a lot of people did buy they did become millionaires that was the time period in which j. P. Morgan some bankers ha p. Morgan in london we know firsthand from somebody who developed some software for them that they were trading coin theyre not they werent allowed to at their office so they had to create a special program through which j. P. Morgan would not know that they were actually speculating on big point but they were out algorithmically trading because thats what these guys do and the algorithm was tied to twitter and so any time max this is this is back in the day where they used to always move the price of decline if guys report talked about bitcoin the price would go up thats happened again in the past you know its happening again now well yeah thats true i mean i feel myself max keiser i feel most closely aligned with toshi not spiritually and and just i feel because of my work in the 1990 s. Developing Virtual Currencies so i feel of the feel im channeling so toshi in a way that no one else does and inspire people to buy because in a way no one else does thats why weve created you know hundreds of thousands of millionaires all over the world with you know bitcoin and because the obvious connection to individual sovereignty and escape from the nation state and the tyranny of money is obvious and that message just getting through to people like joe kernan its. C. N. B. C. Hes become a big going drone or. Not armed carney im thinking about honeymooners i mean mark carney over there the bank of england in london you know hes down almost to the point of being a big coin drone he now is embracing Digital Currencies as a Global Solution against the dollar the global insurrection against banker occupation we start of that really before occupy wall street before the revolution in cairo before obviously the goal in france or the protests in hong kong theyre all connected all these protests are connected theyre all connected to a rebellion against money and banks theyre all global insurrection against banker occupation the solution for this. Is because the solution to the protests in hong kong is bitcoin the solution to the oppression in egypt is a big point it has the same solution they have all these groups are protesting once the penny drops or the big coin drops and they understand this then youll see that 100000. 00 price pretty quickly yeah i think even before arab spring socalled spring was the indignados in spain thats when we started to talk about a global insurrection against banker occupation and is it is the dawning of the age of 6 has she not come otoh and with that i want to also talk about the culmination of a story again kaiser report was covering it Rachel Maddow never covered this on m s n b c nor did any other of the cohorts there and mess n. B. C. Another x. J. P. Morgan Precious Metals trader plead guilty to spoofing is cooperating with feds another former j. P. Morgan Precious Metals trader pleaded guilty to criminal charges the manipulating the Precious Metals market for 9 years marking the latest in the Justice Departments crackdown in the commodities markets christian trans 34. 00 of london is cooperating with an ongoing federal criminal investigation the Justice Department said he pleaded guilty to one. Count of conspiracy and one count of spoofing in the u. S. District court in brooklyn and this happened between july 2007 he says and august 26th teen remember a crash if you morgan bus over right so that we identify that was maybe 7 years ago we identify that j. P. Morgan to manipulate us overpriced to feed a massive short position on their books that they inherited when they bought bear stearns and if you drove the price of silver from 15 at that time to 250 you would bankrupt j. P. Morgan you know were very poor we got to 50 which was a new all time high by far that was all us from 15 to 50 but then of course the regulators came in and they allowed j. P. Morgan to expand their fraudulent activities by a huge factor they fired by bastards who was orchestrating the whole thing and they got the price back under to a level where they were comfortable with in terms of their Balance Sheet then they became net buyers and i believe theyre now the biggest owners of silver in the world Going Forward you know the fact is that whether its wells fargo j. P. Morgan or any other banks theyre actively engaged in massive fraud they pay the small fine their Business Model is to keep 0. 90 of every dollar they still pay 10 cents to in a fine but thats coming to an end they caught this guy he admitted in court to spoofing to rigging Precious Metals markets from 2 july 2007 to august 26th seen this nearly 10 years he was spoofing markets manipulating markets and they slowly come about to stopping it he said that he placed thousands of orders that he did not intend to execute for gold silver platinum and palladium futures contracts when we talked about the rigging of the Precious Metals markets there are some Precious Metals experts that actually said thats ridiculous for every buyer theres a seller for every seller theres a buyer theres no way to read market well here he said mid into this and he did it through a process. Its called spoofing a strategy that involves placing trade orders with the intent to counsel them before they can be executed the goal is to affect the price of the commodity and benefit a preexisting trading position yeah i know that its exists because the my patented technology the virtual trading system goes into how you can rig trading by rigging the price discovery it was then bought by a wall street bank and all they all Work Together and they use this technology to rig prices you know prices are not the result of supply and demand prices are predetermined 1st and then they add the supply and demand or trading activity to get to the price that they wanted to get to the right so its a complete repudiation of free market capitalism we now have its about few people picking the price and then doing it ever takes to get to that price as a sound Like Soviet Union times when price objectives are more important than actual market benefits yes and thats for her living in our poll of bureau at the central bank by then bureaucrats at the banks who are rigging markets and rigging prices there are some conspiracy theorists will say like this keeps a cap on the price of gold and silver on behalf of a Central Banks and governments to maintain. Faith in the system but i think as you see i think its just. Nickel and dime ing its part of the tollbooth operators theyre nickel and dime ng and its just just general rot and corruption of the system they well theres a natural by order yeah but to buy gold when you see that banks are acting out of control fraudulently so theres always a demand for gold so if you can constantly clip those Price Movement up when using mass of naked short selling or spoofing you can always clip a few bucks and if you analyze those rates of returns are extraordinary the hedge funds can make a ton of money doing just this so theres a natural demand is so if you defraud the market by selling native rate Interest Rates for example and then you know the people. Going to russia gold and then it could manipulate the price of gold youve got a money printing machine oh by the way it is a money printing machine on top of its a leveraged hyper leveraged money printing phantasmagoria that through the can tell in effect it benefits a few people like jamie dimon who them as now declared he is concerned about the motives of his bank and he wants to start helping starving african children jamie you can do it go down there and hand out this is the roger vera of the world and quickly in the last headline japans pension fund warns of global investing losses so japans pension fund is the largest in the world as 1. 00 trillion dollars it is the Government Pension Investment Fund g p i f and they say Global Markets have become so synchronized that Money Managers risk losing on every front according to the mizuno chief Investment Officer of the Worlds Largest pension fund he said quote conventional wisdom of portfolio just versification is when we lose money in equity we make a profit in fixed income but we lost in every single asset class and lost in the currencies translations as well that never happened in the past so synchronized algo bought trading scalping pennies right and that leaves only gold the big one so the huge Japanese Pension Fund could be the one to break ranks and go into pickling and then youll have follow fear of missing out and game theory kick and every pension fund on the picnic that you get a 100000000. 00 for because were going to take a break when we come back much more. You know world of big partisan movies lot and conspiracy its time to wake up to dig deeper to hit the stories that Mainstream Media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the back and shouting past each other its time for Critical Thinking its time to fight for the middle for the truth the time is now for watching closely for watching the hawks. Welcome back to the kaiser report im ask iser time that to return to our conversation with craig camp of the t. F. Metals report craig welcome back thanks max j. P. Morgan has been caught finally they were spoofing metals markets back in 2016 just like you and i have been reporting you know we did a big campaign called crash j. P. Morgan vice over a few years ago because we correctly identified that j. P. Morgan had entered into massive naked short selling a futures contracts to manipulate the price and they were exposed to other balance a to a price rally of silver and we got the prize from 15. 00 to 50. 00 j. P. Morgans Balance Sheet was imperiled they were about to have a massive write down and then the regulators came in and bail them out as they usually do masters wasnt fired but this kind of does prove our point at that time and we came close to taking down j. P. Morgan didnt we correct she was a lot of fun back then max and youre right the c. M. E. Group stepped in along with the c. F. To see and raise margins what was it 5 times and 9 days and their body made a run for it and that kind of off forgotten part of that story was back in 2011 j. P. Morgan just had we were short all these contracts 203040000 silver contracts but they didnt have any actual silver they were just plain a paper game which as you mentioned left them subject to a squeeze in that last month of april 20th 11 this if you see data showed happening the commercials were getting squeezed in the speculators were taking profits now you fast forward 7 or 8 years later and we know what actually took place j. P. Morgan was rushed through rubberstamp approved a comb x. So overall and now in that silver vault we watched j. P. Morgan accumulate silver month after month for their own proprietary account may have got about 150000000. 00 out. Sets which means now when they short the market by creating contract providing liquidity and all that kind of stuff theyve done to keep price in check its actually considered ahead because theyve got 150000000 ounces sitting there that window of opportunity which we almost got on the regulators of course our tap shared lets turn to our last turn to negative Interest Rates debt it was only a few months ago that there was only about tend to trillion in negative yielding sovereign bonds there are now about 17 trillion even one trillion in negative yielding corporate debt your thoughts well max ive said since 2016 when this 1st came the to the forefront i think negative Interest Rates are the greatest fundamental for physical gold ownership ever created by man or central bankers which im not sure are actually people. You look at it what is always the argument that traditionalists hedge fund acid allocate argument against gold what it just collects dust its a doorstop its apparent rock it doesnt doesnt pay dividends in fact it costs you money it has a negative Interest Rates you got to pay to store it well now if you know of the entire switzerland yield curve is negative the entire german you know curves that entire youll curve the netherlands. If traditional safe haven assets are negative ok negative hell that makes go look pretty good you can see somebody coming down the hall behind me. That makes a little pretty good in comparison so again why would you own cash why would you own physical cash if youre paying a negative yield to if youre paying the bank to store it for you when you can own physical gold which is also money and yet youve got to pay someone to store it for you because probably less than youre paying the German Government so all of this is a very sound fundamental fundamental for physical gold ownership and all of thats going to drive the thing we talked about the last episode. Which is more and more demand for gold in all its forms which then drives price down 2000 a day Global Economy seized up in a global credit freeze banks are obviously and solve it and now 10 years later we have a state of Interest Rates its khana like the story of the donner party where they eventually resort of the cannibalism to stay alive so negative Interest Rates are banks cannibalizing each other there is eating each others ballon shape and attempt to stay alive another 20 minutes but theyre all going to be dead soon enough theyre dying theyre deader than Jeffrey Epstein now Going Forward is this the breaking this breaking of the laws of physics that accompanies the great paradigm shift the economic physics the economic laws have been broken a completely supply and demand crashed and are we witnessing the end of this global fiats 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 theyre going to overtly buy debt water they can be by their rebuy negatively yielding debt so theyre 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 its a its an endgame that is terminal because the traditional banking model you know where youre 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 youre 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 its not going to get any better and where those banks have their debts structured were break a owns a debt a bank b. And bank beyond the data banks see you get this Counter Party risk there that could really ignite a renewed Banking Sector lets just call it squeeze crisis whatever you want to call it that will then shift over the us is like 2008 so yeah were definitely at the terminal phase the banks to create all this cash sloshes around the clock the planet looking for anything that it can that is considered safe were up to 16 trillion in in debt that has a negative yield over a trillion dollars in corporate debt max has a negative view this is madness these high priests a finance it says if they are putting themselves in a position where theyve screwed things up so badly they are now praying for america all america all of a media or the size of texas made entirely of currency strikes planet earth and bails out these insolvent institutions thats thats what seems to be their what theyre banking on that by a divine intervention because otherwise they will have eaten their own feed stock they all of consume themselves catalyze each other and its happening in real time now of course donald trump has complained that the fed needs to compete with europes egalitarian cannibalistic potentates of negative Interest Rates by cutting our rates by 100 basis points and restarting q. E. Youve mentioned that you think you is going to start very very soon going all the kings horses all the kings mad men and put our Humpty Dumpty debt economy back together again in any feasible way craig in the central bankers have done this themselves because theyre very seemingly been very pleased with their new role as these markets saviors you know that know everything and theyre you know the demi gods that the markets hinge on their every word but see the problem is now theyre being revealed as only having this limited amount of tools you know the fed funds raid and interest on. Excess reserves and things like that theyre going to fall back to everything theyve done before and thats going to people are going to real figure this out go wait a 2nd hold on just a minute i thought were going back to normal i thought you know Interest Rates are going back to 4 or 5 percent like Goldman Sachs was saying just a few months ago and as these guys are reveal for the charlotte really frankly charlatans that they are the world loses confidence in them it is a world of his confidence and looks around at the Global Economy slowing i mean the German Economy is a disaster the u. S. Economy is likely already in recession and then you begin to think well all theyre going to do is the same song and dance that they threw at it 10 years ago again the way that does lead you down the road of not saving in dollars not saving in your own saving in physical precious metal instead look i know weve talked about this for years and there are a lot of folks out there going our of us before yeah but this is the same situation now as before and were going to new all time highs in both gold and silver and now is the time to recognize it and bust 2 pair when you fall off a cliff its only the last 2 or 3 feet that tell you you got a good point and anyway lets talk about this can the fed go negative then the Federal Reserve now go negative theres still a really major bank that has a gone negative at Something Like 85 percent of all the positive yielding sovereign debt the world is United States treasury does point if so is that essentially conceding mark Carneys Point that the u. S. Dollar could no longer serve as a reserve currency well theyre admitting it right i mean if you read their language the locals papers they put out of the speakers that they roll out they used to talk about the 0 balance ok that was the big language 67 years ago now they call it effective lower bound 3 which is implying it somewhere below 0 now there i guess they could see some advantages to this than in their kind of their group think in their ivory towers they think that that means that foreign cars are. Less and they will help the u. S. Government hang in there longer fiscally but it i mean thats just a fallacy thats not the way the world works and i think theyre going to get a real rude awakening over time i did it this is just crazy where we are i mean like i said in our previous episode you have been talking about this since january but even i didnt think that by late august wed be talking about this stuff already but everything is moving so quickly now that it really makes you wonder that even by what december were the worlds going to be either man there is no time like people have to be paying attention you cant just be whistling past the graveyard thinking that everythings ok ok exists not all right so theres roughly 100. 00 trillion dollars worth of money under Money Management accounts and less than 1. 00 half of one percent of thats invested in gold the manipulations games are broke theyre going to Interest Rates or hair and suddenly the swing toward demand and galled is here so were talkin 2520000 announced i think pretty soon krag yeah possibly i dont people say oh thats crazy its just a gold bug pump and things know just do the math if you really understand these markets know how their leverage and a little physical metal there is and then start to think like we talked about if the if the world just goes back to that mean any 2 want a half percent allocation to the Precious Metals mining shares whatever up want to have one percent think of how much cash that is looking for a home and its the same thing driving negative Interest Rates everybodys buying bonds and did buy them and bind and wait till that happened with mining shares and gold its going to be something to behold beautiful a great campy thanks for being on the kaiser report my pleasure my friend all the best and thats going to do if this is from the kaiser report with me max kaiser and stays there but like to thank our guest craig m. P. If bells report is going to catch us on twitter its kaiser report for. I report dot com until next time by our. Lives. And a very warm welcome to you watching on since last. Theres things. We do. And im them are 14th 2006 i was substituting for a 5th grade class all of sudden its kids come bursting in a library really agitated one of the boys to the health and on the way he collapsed the next morning syngenta was denied denied not we