they're the devil. it was just. if global gloom is world markets deal with a dark and cloudy forecast so where's the protection from the economic storm. it's a fine line between a campaign contribution and a bribe and lying to support your out of jail a legal line sure but don't little kid parents across the ethical line well we'll speak to one man who isn't florida with either when it comes to his bid for the white house g.o.p. presidential candidate but he rolled out of. the drill. so what is it with those pants on the ground i'll take a look behind their saggy expression.

it's tuesday september sixth seven pm in washington d.c. i'm christine for sound you're watching r.t. . and we are just back from the labor day holiday labor day of course marks the end of summer for so many people and clearly that is the case for the financial markets where the sun just doesn't seem to be shining at all i don't get me wrong it was already a gloomy summer unemployment hovered above nine percent and on friday we got some depressing jobs numbers that said essentially that there were no new jobs created in the month of august that growth was flat now that may have been assigned to the rest of the world especially in europe and asia but things are not looking so good markets there yesterday and here today plummeted there was also today big economic news out of switzerland where the swiss national bank basically said they're sick of it all they set

a limit on how far it will let the swiss franc rise against the euro this is their latest and most aggressive attempt to get a handle on that out of control currency they're out of control and overvalued and part because the info because of the influx of euro's and dollars that have been streaming into swiss banks especially in the last few years greatly appreciated the swiss franc. now to talk about all of these issues i spoke earlier to paul craig roberts a man familiar with u.s. economic policy he served as assistant secretary of oppression of the treasury under president reagan and i started our conversation by asking about the way he wrote that caught my eye he said washington is threatening the world not merely with war but inflation and here's what he had to say in regards to that especially early as it relates to switzerland yes christine washington having wars and large tax cuts and having all shored a large part of the american economy is now forced to print large sums of money in

order to stay in operation and this is the raise the loss of and cern's about that about the dollar and people have been shedding dollars and rushing into swiss francs and in europe the cerne about sovereign debt is concerning is happening the same thing is happening we peons are rushing out of euro's into swiss francs and so the swiss currency is was bid so high that the country. is exports were threatened and exports are about half of the swiss economy so what is happening between the united states and europe is we are now forced switzerland to print money. so it prints the money from it's the prince was frights it prevent as he writes value from the flows of the dollars and euro so any time they euro's for example or are coming into switzerland they don't exchange them for the

distance was for x. they simply print more francs yet it only wants to inflate its currency a thousand of like a familiar tune that we are hearing and i know certainly with this story and with so many others that we've seen and we think day they thought of bring that that debate between the need to spend and the need to cut spending you know the austerity versus q e three of the bait on the do you think thoughts are that this is a black and white debate or is this the right answer in terms of you know spending more or cutting spending. well printing money is somewhat different from from spending more and the fact that they're printing money in the united states and apparently are going to be in the european central this is also forcing japan to have to print its currency they're forcing result. they have to print it

currency in order to stop these exchange rate rises now what what the problem is for the united states is they have all short so many middle class jobs that the economy is is currently damaged is just not here is like a whole piece of the economy that's been hit and spread among china indonesia india taiwan south korea or eastern europe where they can find lower labor cost lead economy is gone and so you you can't use stimulus to recreate your economy was gone and stimulus is only good if the jobs are still there and it needs the additional money and all the people back in their employment but if the jobs are. they're reduced and you can't but work you basically just drives up prices and so the whole world is facing eventually worse inflation due to all this money problems

i'm wondering to what extent you think that these factors kind of came into play in terms of what we saw with this report that came out on friday that there were no new jobs but that the jobs approach was essentially flat when it came to grow if i mean is it fair to say that some of those markets that were open yesterday were reacting to that report out of the united states if they expected recovery this sort of shutdown recovery in the city job report is worse than that because it was actually negative because the way the estimates were overestimates new job creation in a recession so probably we were down fifty thousand jobs and this is the reason there's no carbon i'm wondering if you saw i know u.b.s. came out with a pretty interesting report that basically you know called into question the existence or the need the desire that this world needs for the euro want to get your take on that as it relates to kind of everything we've been talking about well

. the euro is under threat now because of sovereign debt crisis and the european central by breaking its own charter its own rules to print money to the debt. the server down so that the brains. we don't have to bear lot. i don't really think this point so we're all still do out of your robot goes it's one of the alternatives to the doll there were drugs. this is the real dilemma isn't it christine we have to make in reserve currency the euro and both are in a situation where the world is losing so and so here nobody has come. in the reserve germans what happens to the actual monetary system and this is the sort of threat it's only over. that was former reagan administration official and

columnist paul craig roberts. all right well precious metals are in demand as we've seen with gold and metals are about the only thing and demand in the decaying city of detroit michigan it's a city where president obama spent labor day yesterday speaking to thousands of auto workers and union members and there is good news out of there to an extent some of those automakers that were bailed out a few years ago they're actually reporting profits one of the major companies of course ford motor company and guess what ford just announced it will invest around one billion dollars to build a new vehicle manufacturing an engine plant but there is a catch a new plant which will create about five thousand jobs is in india are to correspondent more important i was recently in detroit and takes a unique look at what's going on there in reaction to the news of these types of stories as well as the surge in scraps take

a look. this was once a city that symbolized america's innovation and manufacturing money. but today detroit is the third most violent city in the u.s. with unemployment estimated at up to fifty percent according to officials at once glamorous motor city now has more people living in poverty than cars on the streets home foreclosures continue flight to the suburbs which takes the tax base away from the city and there's more and more of bad the decline in the school system. is making people leave the city and so there's no money really in the know there are no jobs here and as the u.s. census points out a quarter of a million people have left detroit in the past ten years the economic scars of this

once a vibrant city are impossible to escape roughly sixty thousand vacant buildings and thirty five thousand abandoned homes lined the streets of detroit hollow shells of america's middle class which have ignited an industry of scrappers people these properties of copper wire and steel pipes as a means of income. scrap or swap ruins for profit yards like this just five miles out of detroit scrap yard owner albert talas says he sees new faces every day a little bit of money they get a commission right peter bergen to make every gun a hero even more hellish is the sight of a city looting itself landmark buildings and foreclosed homes are gutted for survival and you go around and when you look at the little scale bringing this word over in addition to scrappers an increasing number of cash stops working americans

. are treated in goods. greenbacks guy in the lexus and the suit and tie and low brass lamp and you know he's not into the. recycling kind of guy he broke short of letting the u.s. president promised things would be better for america's car making capital after the two thousand and nine fifty billion dollar bailout general motors and chrysler are automakers are in the midst of their strongest period of job growth in more than a decade since g.m. and chrysler emerged from bankruptcy the industry has created more than seventy five thousand new jobs for the first time in six years ford g.m. and chrysler are all operating at a profit g.m. has reported sixty three orderly profits chrysler revenue is said to be up by thirty percent nearly fourteen billion dollars from last year what about bail in the people out bell about the corporations who bailed out the banks and doesn't

mean a whole lot because the people who are in the city so don't get those jobs those jobs are still being outsourced so that nobody in the community they're not good and they're not benefiting from them so you still have a large percentage of people who are jobless in this once great industrial beacon of american ideals where henry ford pioneered the famous model t. production schools police and fire state now stand by bandit as many americans are reduced to dealing and scrapped if you are just to make ends meet what party choice. well let's talk now about politics and power and about one candidate for president who says money talks unless we take a voice away his name is buddy roemer and if you haven't heard of him i quit b. because the mainstream media networks don't send a camera crew every time he makes a speech or releases a report it could be because his fund raising efforts are coming along slower than

others or it could be because he's one candidate some of the most powerful entities in this country hope you never hear about buddy roemer is a four term congressman and the former governor of louisiana and joined me earlier from our new york studio and talks about what's central to his campaign. well i'm the only person running for president of the united states who's been both a congressman and the governor so i've seen politics at the bottom and at the top and there's one thing that ties it together in this country in the twenty first century and that's the power of checks the power of special interest money the every citizen doesn't give money to campaigns in this country in fact ninety eight percent of the people don't give a penny it's the top one or two percent they hate of corporations the head of tax they have super pacs they give all the money and i think they call the strains they

pull the strings they call the shots and to me when you talk about jobs when you talk about a budget that's clean and fair when you talk about a tax code that someone can read you have to first start with the money follow the money and see who's pulling the strings i decided to run for president with my experience at growing jobs but refuse the special interest money i have a hundred dollar limit no pacs no super pacs and full disclosure free to leak i mean i think it's a very interesting idea one hundred dollars cap on campaign contributions but you are competing with some other people including candidates who have as you mentioned political action campaign political action committee is super pacs and think about this you know in two thousand and eight president obama raised seven hundred fifty million dollars that's more than all the candidates combined in two thousand and four so i mean it's

a cool idea first serve but if you want to compete you need to raise the money you can't govern if you know where us that's it you're making a very good point let me come in a different way. i'm not against money for campaigning or for advertising stating what you believe and why i think that's part of our political system what i am against is the money that's not disclosed for each origin's money from our corporate giant that doesn't want to pay taxes and they're the largest giver to politicians i don't oppose that money i just think it can't it's needs to come from every citizens plain people small business people in small amounts here's an odd goal i'm going to try to get a million people to stand with me in the primaries one hundred dollars each a million that's one hundred million dollars that's more money than anybody else

will spend in the primaries i just do it a different way i don't get it from five big corporations or six super pacs i get it from every each people it wouldn't be possible in the twentieth century but in the twenty first century with internet i am reaching out every day across america to every citizens our already have contributions from all fifty states from guam from puerto rico not many of the candidates can say that we are coming it just takes a lot to do it this way and look what happens when i do it this way a million people what an army that would be for the truth and that's. fair play one hundred million dollars is still a fraction of you know as i mentioned barack obama last time around seven this is just in our no no this is just in the primary. when i win the primary when i win the primary our challenge the president to five nationally televised debates will

do it across the country and i last five million americans to join with me in this campaign to stop unfair. or trade with china. to make our country break its addiction to middle east room of five million americans at one hundred dollars that'll be a hair four billion and the president will have a billion and you say well he'll out spins you when i ran for governor of louisiana the governor of that our whips spent sixteen million dollars i only spent one million if the money small and if it comes from real people we can win i want to get in one more question everybody has we're running out of time about the economy i know how i view now about sort of campaign financing about the super pacs about large corporations and their power but what about the economy in the state that we're in now we just contest jobs report on friday that says there was no growth it

was flat here in the white house right now today the day after labor day twenty eleven what changes would you be making. do three things i would change the tax code. to not allow american companies to go dark expenses overseas. we're not going to have our taxpayers pay any companies building a plant overseas those days are gone we're the only nation on earth does that we're going to stop number two i would eliminate the foreign tax credit they would give these major corporations we are not going to reward them for building plants elsewhere build the plants in america and number three we're going to have a fair trade adjustment so that goods made in a country like china which trades unfairly which manipulates its currency which has hidden trade barriers goods are not going to be accepted into the united states made by child labor force labor prison labor standards on the environment they're

going to least meet minimum standards but it will put a fair trade adjustment on them so we'll have a layer of a level playing field look made in america has disappeared i will bring it back we will have an economic boom if we change our tax code and have a president we've got. a lot of these ideas really interesting almost nothing that i've heard from you sounds sort of like it goes with the g.o.p. talking points memo i'm wondering if it doesn't work out for you this time around would you consider in the future perhaps on running in as a third party candidate or i wouldn't bring about running for anything i've been out of politics for twenty years i feel small town banks i help small companies i love my life but i worry about america i love it i worry about its foreign policy

its addiction to foreign oil it's unfair trading practices with china i worry about the fact that we don't have jobs we need to stand up and get it right we can. that was buddy roemer a former governor of louisiana now running as a g.o.p. presidential candidate also states in thirty minutes we will have buddy roemer full . interview including his thoughts on the wars in iraq afghanistan and iraq and also more about what he would change should he be elected president. well he certainly has an interesting idea is just not always the way we see that things actually work where if you really want something well then you're going to have to pay for it perhaps that is true nowhere more than here in washington d.c. where lobbyists spend lots of money to get whatever their clients want and to give you an idea just how much money by the end of two thousand and ten just that year lobbyists had given three and a half billion dollars to members of congress and federal agencies but they got in

return well we may never know the full extent of but regardless it is important to keep our eye on the practice and the process and artie's kellen ford has done just that here's her report. why should my bank or morgan stanley have fewer rights than my barber stanley morgan is the subject of a joke now will both be able to spend hundreds of millions of dollars on attaching banking regulations but then time k. street journal the little guy and main street. but many say the money is no laughing matter so fine line between a campaign contribution and a bride and that line is what keeps you out of jail in order to run for office in america we've got a system set up where private on account for the bulk of the money so what would it take for americans to buy back congress let's take a look at one group's at the moment all the big lobbying interests and corporate

donations include it that's fifteen million dollars per u.s. senator five billion to buy back the senate and another twenty million for a congressman that's eight point seven billion to buy back the house of representatives put it all together and fourteen billion dollars is what it would take to buy back an entire branch of the u.s. government big dollar donations are nothing new congress passed its first campaign contribution limits in the early one nine hundred seventy we held one presidential election campaign under those limits in one nine hundred seventy six and immediately thereafter candidates began finding ways around this contribution limits the amount of money spent by lobbyists has more than doubled over the last decade to a record three point five billion dollars in two thousand and ten this presents a threat of corruption thanks to a two thousand and ten supreme court decision that fund raising can now include unlimited or pursue nation my candidacy will be officially known as a relative that she didn't call they're not really.

not all politicians have the same price tag california's barbara boxer is the priciest senator at two point three million dollars followed by harry reid john mccain and tea party darling marco rubio i come from a hardworking and humble family. one that was neither wealthy nor connected was raked in twenty one point seven million as a freshman senator. thank you you know house michele bachmann leads with thirteen point five million dollars budget which comes from big oil which may explain her stance on drilling whether that isn't ever the world so wherever that is that was to go through to the rebels that was in the wrong it's a paradox. really to go with it when i was in lives when corporations pay big those of us who can afford to write a twenty thousand dollars check were left out in the cold can't shell out to buy a congressman full time why not run temporary hearing when american investors shelled out twenty four hundred dollars deli angles. twenty four hundred dollars to dan burton tiny map at five hundred dollars a mr. mr oscar. sorana and made his cement company the

center of a human rights hearing one hundred years both cheap and expensive but out of reach for the average american and the public needs to know their decisions are being made are they being made because of the merits of the proposal at hand or is it a perk that is due to some sort of backroom deal but with plenty on the budgetary chopping block of the debt super committee and many expect lobbying dollars will once again set the agenda here in ford artsy washington d.c. . still ahead on our team for some men and women. are more than just a fashion statement a lot of the lowdown on why their pants are on the ground and how far some lawmakers will go to make the young people. in the hard work.

i think. we never got there. says the safe get ready for the freedom. all right so this evening we've talked about the economy and about political corruption and i want to talk about another thing so many lawmakers and people in positions of power seem to be focused on that is saggy pants it's not a new trend but a whole lot of laws are being proposed and even passed to try to change the trend in florida state senator gary said one was at

a florida school just the other day passing out two hundred belts to high school boys so they could keep their pants up and get this billie joe armstrong front man from green bay was kicked off his flight last week for sagging his pants too low and he is not the only one i decided to take a look at this trend and the measures some are taking to get people to pose their pants up. in most urban neighborhoods across america this is a familiar sight. that's like this but this is basically this. you know it's a seal it's just my close calls money so yeah you know show us. the event on this u.s. airways flight a college football player showing his drawers brought the pilot out of the cockpit and. nothing but my. twenty year old dijon marman was then arrested and i scored off the plane dr

leagues says it was no accident i believe he is a victim of discrimination at a civil rights were violated because other similarly situated that fly airplanes that may be addressed. inappropriate dress or unusual dress were not targeted as he was sagging pants on this young man led to this awkward exchange with a police officer patting him down you see the mic never. told the police it. was here. if you think the third. member of that these young men not sorry at all now they do not like the racket. and you can even look at out what we want to do that automatically mean you're trouble if you've got your man. down. probably a. nice little right way see

a leader i know pam only two got out only mockingly let me be the get out because i'm looking like a fool more like it say some prayers to dry out looking like a full week of this video of a contestant on american idol went viral while lawmakers across the us are taking a less humorous approach in fort worth texas you can't sag and ride the city bus in opa-locka florida refusing to tighten your trousers will cost you two hundred fifty bucks and in collinsville illinois wearing saggy pants on any public property is banned in new york state senator eric adams used his own money to put up these billboards so while the strict laws i think it says that failure to regulate customs and traditions and culture and i will community will result in others using laws and rules to live for us how we should dress most people believe the saggy pants trend originated in

a prison or not only are inmates not allowed to wear belts but rape is often prevalent outside of prison walls a lot of people say they sack their pants to show they're tough are some say it's just what's become comfortable they might have a pants tag and but every. thank you so here is a part of. what everyone even the soon to be president seemed to have an opinion on that i think passing a law about the people were saying this is a waste of time having suburb brother support the packets obama may have won the highest steve in the land. getting these boys to pull up the seats of their pants may prove far more difficult in washington christine freeze out our t.v. . well that is going to do it for now but for more on the stories we covered good r.t. dot com slash usa or you can check out our youtube page youtube dot com slash r t america you should also follow me on twitter an hour.