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 when you 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 thats happening again yeah well yeah thats true i mean i feel myself max keiser i feel most closely aligned with Toshi Nakamoto 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 be 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 art 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 goes 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 you have all these groups are are brought testing once the penny drops or the big coin drops and they understand this then youll see that 100000. 00 prize pretty quickly yeah i think even before arab spring so called spring was the indignados in spain thats when we started to talk about a global insurrection against banker occupation and it is the dawning of the age of 6 so 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 please guilty to spoofing is cooperating with feds another former j. P. Morgan Precious Metals trader pleaded guilty to criminal charges of manipulating the Precious Metals market for 9 years marking the latest in the Justice Departments crackdown in the commodities markets christian trons 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 has been in place over price 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 masters 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 0. 10 to in a fine but thats coming to an end and 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 at 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 where her living in our poll of bureau of the central bank by 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 as part of the tollbooth operators theyre nickel and dime and its just just general rot and corruption of the system then 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 that 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 lever its hyper leveraged money printing phantasmagoria that through the can tell in effect it benefits a few people like jamie dimon who then as now declared he is concerned about the motives of his bank if 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 a 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 and decline so the huge Japanese Pension Fund could be the one to break ranks and go into decline 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. To get. Your serbians. On the sounds of. The group. Which is a way for us. The obvious or did they kind of lunge for the weapon once missed and then when it happened on tree swung at the observations didnt hit them i never saw any contact with. Any kind of went back to where they were so the officers back here there try again 15 feet apart at this point and thats when the officer pulled out his gun and he bit down tree. When it comes down to it but it is not actually that i think one can say oh well the russians are home bad this certainly is not the case that the west is all good there are absolutely things that the west needs to be doing and what i would like to see is much much less totally counterproductive rhetorical struggles we see against russia that its you know it its become an easy way of getting so the audiences to approach you is to come up with cheap russian bashing that helps. Said she stressed to. The so that the british at the bill of books set up. To. Stop the show so i could see the face to face which quite often. See death and i know what you. Are best teacher or a woman to me what you. Want to talk to me so if youre my its your bonus for to be. Its a mistake. Im still with him. Through this interview but you believe hes that its a stupid actually a person believe them or should stop them spinning. Expressed. During the Great Depression which are old enough to remember that it was most of the family were working. There wasnt it was bed you know much worse objectively isnt today but there was an expectation that things were going to get better. There was a real sense of hopefulness there isnt today todays america was shaped by the turn principles of concentration of wealth and power. Reduced democracy attack solo doubt engineer elections manufacture consent and other principle holds according to no im colmes to one set of rules for the rich opposite. Thats what happens when you put her into the. Narrows of will switch is dedicated to increasing power for chills just as youd expect one of the most influential intellectuals of our time speaks about the modern civilization of america. Play. Play. Play. Play. Live. Oh. And very well might continue watching on since last. Welcome back to the kaiser report im ask iser time 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 was fired but this kind of does prove our point at that time and we came close to taking down j. P. Morgan then we cracked shores a lot of fun back then max and youre right the c. M. E. Group stepped in and along with the c. F. You see and raise margins what was it 5 times and 9 days and never been made a run for it and that kind of off forgotten part of that story was back in 2011 j. P. Morgan just had to they were short all these contracts 203040000 silver contracts but they didnt have any actual silver they were just playing a paper game which as you mentioned left them subject to a squeeze in that last month of april 20th levon to see if you see data showed happening the commercials were getting squeezed in the speculators were taking profits now you fast forward 7 a or 8 years later and we know what actually took place j. P. Morgan was rushed through rubberstamp approved a coma x. Silverball 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 are taf shared lets turn to our lets turn to negative Interest Rates debt it was only a few months ago that there was only about 10 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 a pet 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 the entire youll curve the netherlands. If traditional safe haven assets are negative ok negative yield 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 where you can own physical gold which is also money yeah you got to pay someone to store it for you but its 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 2008 the local economy seized up in a global credit freeze banks are obviously and solve it and now 10 years later we have the state of Interest Rates its kind of 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 theyre eating each others Balance Sheet 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. V. Is going to announce next month or next year reprogram where theyre going to overtly buy. Debt water they can be by their rebuy and negative yielding debt so theyre creating new euro 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 but 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 that 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 when those banks have their debts structured were break a owns a debt a bank b. And bank beyond that at a bank 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 u. S. Its 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 and 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 they have 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 thieves stockdale of consume them. Catalyze each other and its happening in real time now of course donald trump has complained that the fed needs to compete with europes ega