the asia pacific region as hong kong and shanghai. and the decision to reduce the corporate taxes in the forest to make this easier but again nobody is thinking seriously both to transfer and crush into the not sure. sure country and it's an idea it's a work in progress or you guys actually were not all make a subtle and all sure place. to. do this but we're not. we're not trying to perth various financial services in so holy in. our wall used to make so holy in the. in the three more secret i would give us the. place is clean for investments i wonder what japan will say about that i think then japan will start computer eating. even. islands and. pretty much a point of view not a political point of view. going because of the crew arlen's mean money. and trying to take quite away from russian well here's another graph let's take a look at that this crap actually shows that western european countries generate more offshore wealth than anyone else in the world pretty clear that you want so sure is down and out of existence right i mean it's only normal i think. is a part of for normal l

this bill we could find london or frankfurt or years down the road shanghai becoming the financial capital of the world. and the first guy we saw was mr dodd who put the dog in dodd frank he got that a little bit wrong then he got that wrong jack reed would say today that he he regrets those words and mr schumer unfortunately because of this they have made singapore and london the financial capital of the world because with investment banks no no national borders and we talk about competitiveness what is it competitive that goldman sachs for example with its thirty two thousand employees has five thousand in london they are not american foreign exchange students they are london citizens paying the london payroll taxes this competitiveness is a feel good word that actually means exporting american jobs but it could also mean regulatory arbitrage not only between different countries but even in the states that we have them yes regulatory arbitrage is the same thing as when a teenager wants the car keys and mom won't say yes so they go to dad so if you don't like the rule in the unite

it at all and feel sorry about that afterwards. while traveling in china i went to shanghai i felt i could live there it was the moment the project actually started a russian girl living on the floor below me was going to leave. us one day i came to see her and noticed an easel there i was looking for one of the time. so i asked her to sell it to me but she didn't want to do that but it was a friend's gift apparently. that is why i offered to swap for it instead i gave her a painting in exchange for the ease of it was my first barter are so good but i got the idea to organize it as an art project which is what i. said i started to get letters for each. one of them was from a couple that was going to get married and want to back kind of portrayed as a wedding present for themselves. but i had already left odessa so they're asked if i could do it over skype the story is just they told me they could give me all i need for my travel in return. so i asked if they could pay for the tickets from a deficit istanbul they agreed and as a result we have a skype portrait session now and waiting

region as hong kong and shanghai. right now and the decision to reduce the corporate taxes in the forest to make this easier but again nobody is thinking seriously both to transfer and crush injury not sure sure sure a country when it's an idea it's a work in progress or you guys actually we're all know all make a subtle and i'm sure place. we will try to. do this but we're not. we're not trying to perth various financial services in so holy in our east to make so holy in the. in the remote would give us the island. places coming in for investments i wonder what japan will say about that i think then japan will start calculating. even. ireland since the. point of you know the political point of view. going because of the crew ireland putting money in would you rather than trying to take quite away from from russia well here's another graph let's take a look at that this crap actually shows that western european countries generate more offshore wealth than anyone else in the world pretty clear that you want so sure is down and out of existence right i mean it's only normal i think. in the

which is the cash market in london and i'm not talking about shanghai i'm not talking about vietnam where you can get between six and one hundred dollars premiums announced i'm talking about london the global market the global marketplace because so it is a true benchmark i.e. the fix comes up this morning whatever the price is is what i can sell or buy my book in for now why as an arbitrage or why as i have a bank or a hedge fund or somebody in the profit business wouldn't i take and it's up you know up to two dollars and fifteen cents a matter of days ago but an average of a dollar sixty why wouldn't i sell two million ounces today give you money give my bullion over take up to a two million dollar profit and not wait ninety days wait the contacts about to expire i could wait less than thirty days and get my bullion back well as you said why not. because there's no confidence that these markets like the comix eleven billion mark association are going to survive another thirty days intact as we know them you know and what i what i'd be worried about is me getting my m i believe i b

shanghai gold exchange is nine hundred eighteen tons this is strikingly in contrast to the gold delivery on the comix which then said only one hundred three tons year to date as the at the end of may so china is consuming every single ounce every single ton basically produced so far this year and yet also the fear. dominated markets and commentators in the west focus only on what's happening in the comix and what western investors are doing with their piddling little one. one hundred three. it's a curious thing as a during the recent sell off in gold the demand for gold in asia and around the world has skyrocketed to all time highs and so when the gold bull market resumes and you see two thousand three thousand five thousand dollars an ounce for gold most of the gold will be held by middle east and other entities and you know following on this jesse is cafe american rights that c.m.e. reports that brinks has a seventy percent decline in registered gold bullion supply and brinks is now being depleted they have gone from four hundred forty seven thousand one hundred ninety nine ounces on j

or frankfurt or years down the road shanghai becoming the financial capital of the world. now that the first guy we saw was mr dodd who put the dog in dodd frank he got that a little bit wrong he got that wrong jack reed would say today that he he regrets those words and mr schumer unfortunately because of this they have made singapore and london the financial capital of the world because with investment banks no no national borders and we talk about competitiveness what is it competitive that goldman sachs for example with its thirty two thousand employees has five thousand in london they are not american foreign exchange students they are london citizens paying the london payroll taxes this competitiveness is a feel good word that actually means exporting american jobs but it could also mean regulatory arbitrage not only between different countries but even in the states that we have them right yes regulatory arbitrage is the same thing as when a teenager wants the car keys and mom won't say yes so they go to dad so if you don't like the rule in the united states go to where you

seeing from the streets of canada after the first shanghai for a shelter the day please. right . first street. and i were being put. on our reporters were very. instrumental. my brother in law. the boiling pot racial emotions run high apostle marco with mass protests and dozens of cities after the killing of a black teenager walks free. convicted to bailed but unbowed russian opposition activist alex saying they've all made awaits his appeal against a five year prison term for stealing one million dollars. egypt's begins reworking its constitution after another week of deadly strife between the packers and the opponents of the deposed islamist president mohamed morsi. and turkey allegedly led to israel use one of its military bases for a recent attack on syria that's according to our chief source but anchor of firmly denies that plane.

of the asia pacific region as hong kong and shanghai. right now and the decision to reduce the corporate taxes in the forest to make this easier but again nobody is thinking seriously both to transfer and crush into the not sure sure sure country when it's an idea it's a work in progress or you guys actually were not all make a subtle and i'm sure place. we will try to. do this but we are not. we are not trying to perth various financial services in so wholly in our east to make society in to. give us the. places convenient for investments i wonder what japan will say about that i think then japan will start cooperating with us even. islands and. from pragmatic point of view not a political point of view. going cause of the crew islands means putting money in. and trying to take quite away from from russia well here's another graph let's take a look at that this crap actually shows that western european countries generate more offshore wealth than anyone else in the world pretty clear that you want so sure is down and out of existence right i mean it's only normal i think. is a