great for the feet we've got. the biggest issues good voice seems to face with the news makers. welcome to the lower show we'll get the real headlines with none of them or say we're going to live out of washington d.c. now tonight we'll take a look back to forty years ago today when then president nixon and as the gold standard so looking at today's economy it was that move a win or a lose with the american people that after bart shut off cell phone service last week anonymous staged a protest for tonight so will they do it again and is what bart did even legal then statistics released by the army for the month of july show an incredibly horrible reality army suicide rates hit a record of thirty two in one month outside for a not ending our wars what else are we doing wrong when it comes to stopping this

trend we're going to have all that including a dose of happy hour but first let's take a look at the mainstream media has decided to move. now even though we're still more than a year away from the november two thousand and twelve presidential elections campaign has gone into full swing and the mainstream media has shifted into full on election coverage mode not only because of the ames straw poll in iowa this past weekend but also because president obama has now hit the road in a fancy new bus how much is the republican landscape changed so dramatically since just friday. that well rick one major candidate is in another major candidate is out there rick santorum and herman cain is the child's story describes their campaigns the little engine that could be the wake of ames president obama launches a new political coward friends of this week today he's kicking all. of city bus

tour of minnesota iowa and illinois that. they see i believe that covering elections covering campaigns is a must there are people out there that are trying to be the president of this country or trying to hold on to being president of this country and in today's world that is a position that holds a truly scary amount of power so if somebody wants that chance then you better watch them like a hawk you better hold them accountable on their statements from the pats on their promises that they make for the future on the character that they display if the american people are going to vote for someone they need to be informed about that somewhat but conversely the media need to be informed about what the people are actually interested in seeing and hearing what they want in general see sure thousands of people i work came out and voted on a straw poll the choose between the g.o.p. candidates that are there so far what about the thousands that did it what about this general feeling of disgust in this country right now towards our politicians congress and the president in particular. for example howard schultz c.e.o.

of starbucks is actually calling for corporations and individuals to boycott all campaign donations because of that level of disgust because he like so many others feel that our politicians no longer work for us or on our behalf they're only trying to get reelected to get more donations and to keep that whole cycle going that is something to talk about that's something to debate during talking heads on for to talk to average americans about but the mainstream media well they can't be bothered that idea they've already devoted too much time and energy and to just a mindlessly covering the whole charade as they do every single time around every election is the same for volunteer sions and for the media but guess what americans want something different and that's what the mainstream media chooses to miss. forty years ago today that president richard nixon gave

a speech addressing the nation from the oval office announcing a new economic policy or nixon shock as it's now called. we regulators have been well you know all out war on the american dollar. and the american economy brought are the strongest in the world. accordingly i have directed the secretary of the treasury to take the action necessary to defend the dollar against the speculators. the dollar would no longer be pegged to gold it formally became a fee currency the bretton woods international financial order was over free floating exchange rates like we see today would become the norm now at the time nixon promised the ending the gold standard bring prosperity would bring jobs it would create fair competition around the world and allow the federal reserve to create monetary policy to increase the prosperity of the american people and get

forty years later employment the world is reeling from a financial crash and the value of the dollar has fallen consistently against again against the euro against oil and especially against gold lately so what ending the gold standard really get us and if the debate over whether we could or should return really back to life joining me to discuss this is ralph banco senior advisor at american principles project thank you so much for joining us tonight for having never starters so you go back to forty years ago today when nixon made this announcement forty years later are we better off or are we worse on question only worse off recessions are more frequent the crises of more frequent job creation is what is less and economic growth is less if we have been growing these past forty years of gold standard rates there would be no deficit today now why is that the why did everything get so much worse we have week when we went off the gold standard gold is like a gyroscope that keeps the world of economic trade on an even keel so these smart guys like john connally who was secretary of the treasury said we don't need that

that's old fashion we could do better well we've got forty years of them doing worse and there's a movement today to bring it back now the odd thing here too is that of course there were. excuse me there were there were tariffs instated here right there was a terrible ten percent. also wages and all of that and we got pretty controls are going to being temporary right this was also supposed to be temporary randi. the gold standard but how come that's the one that stuck and forty years later here we are because money is that visible people just take it for granted and economists are very old school so they fought the forest for fought to keep us on the gold standard and they're now trying to fighting to keep us off the gold standard they're very kind of fogies but they're in there it's the last vestige of dixon omics and it is created nothing but misery but realistically you know you look at the world today how do we actually go back to a gold standard faster than you could possibly imagine and only it's going forward

to a twenty first century gold standard rather than going back to a gold standard it doesn't mean that you're carrying around gold coins to pay for things that when i was a kid i could go into a bank with a silver certificate or one dollar bill and get a dollar a silver dollar from that now i still have those silver dollars you know people didn't use them in currency but it kept the value of the currency steady my father could do that with a gold coin a twenty dollar gold card when he was young then it we're simply saying by banking the dollar convertible into gold and making each currency convertible into gold it will level the prep playing fleet field and allow for economic growth both in america and all around the world but what has to happen first before you see that type of economic growth because a lot of people would say that of course our entire banking system would fall apart because it's not based on sound money because there's still so many derivatives floating around out there that we would see a new sort of crash because there's just not sound and you would find out that all of this is based on nothing somebody just made up the value they're just so wrong about that the fact is the gold standard is not is not is not handcuffs the gold

standard is not a recipe for austerity or for contraction the gold standard is a recipe for job creation economic growth through the stability of this gyroscope but before you get to stability do you first have to have another form another sort of crash when you have to come to reality when you realize it's not worth and actually don't we are by making the dollar convertible into gold you make the dollar as good as gold again or the ruble or the pound or whatever it happens to be ultimately ideally every every currency in the world would be convertible into gold now i want to play another clip from president nixon that night and take a look yes. the good indispensable element in building the new prosperity is groups related to creating new jobs and holding but. we must protect the position of the american dollar as a pillar of monetary stability around the world. it was all about protecting the position of the american dollar as the pillar of monetary and building up in the

value of the dollar which he promised in that same speech would be worth as much tomorrow as it is today it's now only worth eighteen cents compared to one hundred seventy one it has been a consistent erosion in value and it has been complete instability the whole crash that we had of two thousand and eight the monetary shocks are from our monetary phenomenon at a function of the paper dollar or the paper europe where the want all the dollar has consistently fallen like you said but then at the same time look what's going on right now we look at the crisis in europe even the fact the s. and p. downgraded the credit rating of the united states investors are still flocking to the dollar at this moment it still seems like that's the safest investment they have around the world yes i'm not just not disputing that but by making the dollar as good as gold it will lock in reasonable interest rates so that the economy will begin to grow again worldwide and this is just something that living erhard did a monetary reform in germany after world war two the day before the monetary reform

it was recession joblessness shortages the day after the monetary reform the economy perked up the factories were working full capacity the shops were full and people got back to work the gold standard is about creating jobs do you think that it's still considered a crazy fringe idea though now of course we have people like congressman ron paul who is a presidential candidate who has been for a long time who has always been asking right over a return to the gold standard but still nobody nobody is really taking that seriously that it has evolved a lot in the last two years i am an advocate for american principles in action i am an editor for the gold standard now dot org. from the letterman institute and i am a columnist contributor forbes dot com the shift is between night and day the respectability of the gold standard is no longer a refuge for mavericks and social dystopian z. it's become an extremely it's becoming very rapidly and extremely respected option i know we don't have any other presidential candidates that are put on so that

that's not not true all over half of the presidential candidates have made monetary stability a core doctrine and half of those have called for the gold standard and that would be governor johnson. mr came and and and dr paul have all three called for the gold standard. representative bachmann has come right to the edge she's made all of the argument she just hasn't said that four letter word ok but i you know i have reasons to believe that she's very sympathetic to the gold standard why does seem to be especially you could say with more of the tea party crowd too it's becoming more of a popular sentiment but i still don't think that if any of them were to get into office right if one of these people were to get elected aside from probably congressman ron paul and you're right governor former governor gary johnson the maybe we would see any action on that you know actually come into play but we'll see it does seem like finally there is another debate surrounding this issue and you know the i can amik policies of today something is definitely going wrong there

if you look at what situation and what they want more than anything is jobs is to create jobs president reagan through ace through a stable money policy president clinton through a stable money policy we're creating millions of jobs a month i mean it's it's striking much more than either of the presidents bush and much more than president obama once they key in on what a powerful job generator of the gold standard as all of a sudden it's old fashioned reputation will become what will become sort of that cereal they're desperate to create jobs they've tried everything else the gold standard has a wonderful track record for that so why not give it a try are rough and i think some. joining us tonight thank you so much for having. speaking the gold standard the economy and fiscal policy still remain issue number one in the presidential race for two thousand and twelve and the number one candidates for an as usual excuse me stop number one for all of the candidates this time around it was iowa but why does that one state hold so much importance artie's

christine for his outtakes the same as i want to get a real feel for their political landscape. it is the place where six stalks of corn blanket the landscape simultaneously standing proud and swaying when. we're city centers resemble a different time. and those who live here say they are the true embody of main street in america. because if you are that we. like people who are generally very welcoming and over. there very practical people. it turns out that they are also very powerful and can be a first hand look at all the candidates they come to our city and they come to our area we get to sit and meetings with them and ask them questions find out what their real real core values are which is very very important to the iowa caucuses

is among the first stops in the presidential primary but for republicans the initial hurdle is always the iowa straw poll well you could say its popularity contest i mean county fair but don't let this carnival like atmosphere for you what is happening right now man and very significantly it can determine who sings. man whose campaign carries on it's a prime example of small town politics big time on. you know no big. here for two years and i see a lot i felt never felt more energy and interest in politics than living here actually going to give one to bring a little compact they call it retail politics out here you'll be able to talk to the candidates i think that's good good for iowa for sure. i got to shake

michelle's back his hands how crazy is that but out of fifty states i was population ranks thirtieth at a mere three million people now no breakthrough all we all know more than ninety one percent of those who do live here are white i'm sure on my feet and it's economy is primarily agricultural. in the bottom one a group of candidates nevertheless spent considerable time and money still. in hopes of proving to the party and the country their organize and should be taken seriously on behalf of the over six hundred thousand i will republicans asked for this year the winner of the two thousand and eleven i was straw poll is congresswoman michele bachmann by and in second place by just one hundred fifty two votes congressman ron paul in one thousand nine hundred nine george w. bush won the iowa straw poll and while he is the only one that's gone on to win the

presidency so far iowa voters treat voting as a duty the people of iowa are pretty good at seeing through what's sometimes a little glitter a little bit shiny and they find the substance and the basics that are basically here in the candidates being from the midwest a lot of times people associate us with what's the really the best about america and i think that when we vote people take it seriously. but for those on the outside it can also be a perplexing reality that in a land where corn is king it's people are in some ways viewed as kingmakers in ames iowa christine for south r.t. . still to come tonight outrage in california after it's discovered the bart transit official the shut down cell service during a protest activists are fighting back in the f.c.c. if you've been investigated for one that may come back.

to check. our team takes to the max their show. wealthy british style. market why not. find out what's really happening to the global economy with my stronger no holds barred look at the global financial headlines tune into a report on our. now we've spoken several times on the show about google plus's new real name policy both its

implications on your privacy and the way that it changes social interaction and the public outcry has been so strong against the switch that it forced the google are to enact a grace period giving users more time to switch over their accounts to coordinate with their real identity but tomorrow it becomes official if you have not picked her profile to comply with the official google plus naming policy your account will be suspended now while lot of people are complaining about it calling it a radical attack on privacy there are a few people out there like brick stone found some good and google plus his real name policy so we're going to let him explain why. google plus is officially announce that as of tomorrow they are suspending the accounts of all users that will reveal their full legal name and i for one think this is a great opportunity for people to reconnect i have an old friend we lost touch back in the mid ninety's after i said some things and she changed her name turned off her phone and moved in the dead of night now she doesn't have a my space facebook twitter tumblr blogger adult friend finder account but

eventually google plus replace these things she'll feel the need for social networking and i'll have her address that in fifteen minutes now i just want closure google plus you showed us that it's important to be open and honest and not hide behind things like new so security numbers or restraining orders so if you're trying to make someone fall back in love with you or just sign. tattletale the plus is finally on your side so think you google for finally looking for all the other misunderstood ex-boyfriend's between this in the street view maps you're better than a crooked locksmith that reuniting people whether they want to or not. so stocking tool or just a way to help people stay connected i'm a let you decide. last week we reported to you that bart san francisco's public transport system had shut down cell phone service to hundreds of thousands of commuters on last thursday night the move was done in preparation for a scheduled protest as anger towards the brutal tactics of the bart police continues to spread apart cops are has been responsible for two deaths in the last

two years both of which we've covered on this program that of charles hill forty five year old homeless man who was fatally shot after he confronted by police with a knife and a case of oscar grant an armed man who had been shot in two thousand and nine and his death was caught on video. was now over the fourth of july weekend of this year this was the scene when protesters stormed the bart system. it demonstrated to the man to release a surveillance video that supposedly shows what happened that night charles silva shot and killed that was july third there is some video you can see here disruptive protests there. so bar claims that it shut down cell service on thursday to keep people safe but a lot of people don't see it that way not to mention the legality of their move is being questioned as the f.c.c. has launched an investigation now anonymous also launched abare and over the

weekend hacked the transit services website and leaked over two thousand user names e-mails and passwords and they say that's just the beginning and today at five pm pacific time they're scheduling another protest so could part shut down service again joining me to discuss this is declan mccullagh correspondent at c. net declan i want to thank you for joining us and first starters do you have any updates from that coast as to what might be going on in terms of this protest at five pm is it still on any chance the bart will actually dare to shut down cell service again. we see cell phone service. going again as you can tell from the back. office just a mile or so probably less than a mile from the protest site in the future expected. leader will report from it is supposed to happen in the minutes. do you think of they would actually go for the i mean i want to know your take on it whether it was illegal or not for them to be

able to shut down cell service to even begin with like i mentioned the f.c.c. is now investigating it so it does seem like there are a lot of questions right this isn't something we've seen before in the u.s. at least in my memory i mean this is something new that egypt this is something that needed to pull the plug on their access to social networking sites or other other forms of communications media used by protesters and so this is something it's going to take people while to figure out the f.c.c. is looking at it also could do violate the first amendment it could violate that california constitution which also provides even broader free speech rights than the federal constitution does i'd be surprised if there weren't lawsuits here. my family i want to know has been that is eleanor mills is going to be covering the protest in a bit and social will have some live reports from the scene when it happens i think they're actually going to probably pull the plug this is

a government agency they're not really that responsive to taxpayers and i think they're going to do what they want what do you think the logic is though for example you know bart did release a statement and they said that they have the right to cut off the cell phone service to everyone within the fair gates so once you've paid and you're inside that it's ok but like you mentioned this is a government agency is this when you start comparing it to i don't know public schools how you have to surrender certain rights once you step onto a campus. i know there's some parallels there but remember public schools acting in local interests and public school is responsible for people who largely aren't to dot last i checked adults have a lot more rights than say a twelve year old kid does and it's kind of insulting for bart to think that a little weird we're basically just kids so that they can order around this is. unprecedented and so it's going to take us a while to figure out the legality here but it is. lou put it this way

bart is a government agency the first amendment to the u.s. from situation applies to government agencies it says the freedom of press of the press the freedom of speech and the freedom to assemble to petition the government which by the way is what we're talking about here that they're all protected under the first amendment and if a government agency violates that well there can be sued and held liable for damages yeah not to mention of course parts making the argument that they were doing this to keep people safe but i think people are very rightly so pointed out that if something had happened while their cell phones were shut off and they needed to call and i whine whine or make an emergency call they would have been able to do so so they could have even maybe put you know more people in danger or in jeopardy here but what do you think the situation here is with the telephone companies part said that they voluntarily shut the service off but at the same time does bart have a little leverage over them because can't they decide whether they want to terminate a contract or not the future. well i mean they're not going to terminate the contract just if they lost power for a few hours but even the way bart did it wasn't really kind of tacky instead of

saying in advance this is what's going to happen they just pulled our people the electricity and cut it off to the small so towers inside or at stations but let's think about this sort of broader level what happens if the city of san francisco decided that they're going recent protests and so let's cut power to a limb lines and also phones maybe even home internet connections throughout the entire city will you this is an unacceptable and so why you are reviewing bart cutting access to just import stations is a step towards it's kind of a slippery slope and that's what's worth paying attention to because this is unprecedented it's definitely a slippery slope and it's a little surreal to you know just last week i was talking on the show about the reaction in london to the riots there and the fact that david cameron had also mentioned the idea of cutting off social networks and shutting them down and i was calling them out for it and how you know contradictory they are what hypocrites they are and wondering if we could ever see the same thing happen here in america

and here on a very small scale you've seen it part do it now and not amisse responded they went after their website over the weekend then they leaked the information of two thousand people and what do you make of that move i mean do they also put some people that are innocent bystanders in jeopardy and put all their information out there. well i mean this is something that doesn't really hurt our government officials as much as it hurts part rioters when when you have this kind of massive data dump people who have already counseling the first thing you got to do is make sure that you change your password if you have an account at my barn or granny for affiliated web site and so this is something that's done to embarrass part it's not something that really is probably going to be that effective so in the long run. but do you think that it's actually in my hand up hurting some people because anonymous said we're sorry if your information happens to get out there but don't worry they're probably going to go after the other guy but you know should anonymous be doing this to people to the average bart users it could be

counterproductive i mean this is this is a kind of direct action in the ways it's not something that a responsible acting group would do but they never pretend to be irresponsible hacking group and so you know if you don't change your password you can easily. have your account hacked into and i'm sure it'll happen to you doesn't need even more people who are part of that breach. i want to thank you for joining us tonight and of course we'll be following the coverage by scene and to see what actually happens at that protest but it definitely is a scary development that we're seeing now where because of a protest or because of the threat of a protest cell phone service getting cut off thanks so much. thank you so. now still to come tonight we have our monday edition of you said it i read it and a number of u.s. soldiers who are committing suicide is on the right i'll tell you what that disturbing trend says about the u.s. military and the endless war countries like.

the official. one called talk from the. video. an omission st now in the palm of your. machine on the dot com.

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