and nato led it k. four peacekeepers have guarded the checkpoints. europe moves a step closer to energy security after russia signed a landmark deal with some of the continent's energy giants to construct the south stream pipeline project is designed to deliver russian gas and directly to european consumers bypassing it trying to countries the planned route that runs under the black sea while its sister project nord stream opened earlier this month. now we head to our washington studio as alyona asks can anything now save the euro as the european debt crisis deepens that's next right here on our team. welcome to the loner show where we get the real headlines with none of the mersey

but we live in washington d.c. now tonight we're going to take a look at the global response to the euro zone's debt crisis five central banks including the federal reserve announce of they'll increase lending but is it going to be enough and what does it mean for the u.s. economy when more dollars will start flowing worldwide then house speaker john boehner had some very tough words for the president's jobs plan yesterday signaling again that there will be no compromise so what is it going to take to make job creation a priority for our politicians and is there any chance for a third party candidate to play upon the public's bipartisan discontent that a new book shows that the d.h.s.s. bending here at home has not been effective in terms of costs versus terrorist threats foiled we're going to break down some of those numbers and we have all of that for you tonight and more including a dose of happy hour but first let's take a look at what the mainstream media has decided to miss. you know i'm beginning to wonder why the mainstream media even bothers calling itself news anymore sure they're good at covering gossip he said she said on

capitol hill but getting into the fundamentals of the economy wars poverty in america forget about it now this is become especially clear in the last few days as we've seen the cable networks the supposedly most trusted name in news forward leaning fair and balanced channels turning to entertainment tonight here's a small example of what i'm talking about. two period dramas will slug it out sunday night at the emmys mad man in boardwalk empire to look out for a modern family everyone's favorite show it seems is r.h.l. and superstar nancy grace full yes she's known as a bulldog in the courtroom day one dance practice i'm minding my own business i'm trying to do. there's something for everyone at a theater near you this weekend surgical parker returns to the big screen in i don't know how she does it the one nine hundred ninety four disney classic the lion king it's being rereleased in three d. this. really count down to the emmys who's on dancing with the stars what movies

are being released don't we have entire channels dedicated to covering entertainment we don't need three more as specially not when these are supposed to be the channels that offer you news why did they even go into this business and they just want to transform their broadcasts into hollywood central you know it's really just pathetic it's embarrassing it's depressing but if they're going to play that game i have a suggestion for that. why don't you talk about the close ties between hollywood and the pentagon you know something that we've documented before for you right here on this show it's something that we've spoken to david sirota about who looked at some of the biggest blockbusters of the one nine hundred eighty s. movies like top gun and what deals they had to strike to use the military's fancy equipment in the air force's jets he calls it government subsidized propaganda it's also something that wired danger reported on today when they discovered that the cia just has a pile of scripts laying around at all times to pitch to hollywood whenever they need a good p.r. boost and want to get the people back on their side just think about it think about

some of the most prolific anti-war films of the last century the deer hunter apocalypse now full metal jacket those were incredible movies they were dark they'd salmon the psyche of the soldiers the politics of war but where the same movies for our generation and we don't see them because now we see glitz and glam we see big explosion fast paced action scenes big guns and big tanks everything is grandiose except for the debt you know they all paint a positive light on some of the great atrocities committed in our names by our military by our cia because when the studios want to make the movies and they want to read the stuff from the pentagon well they have to make some concessions they have to allow their scripts to be changed they have to paint the military in a positive light and it's an exchange i guess hollywood doesn't really care as long as they make a blockbuster and it brings in the dough in the long run you know we even see the supply in movies that aren't about war or at least not real wars but the studios take the government money the sponsorship all in exchange for having to do just

a little bit of promotion take the partnership for example between the army and the most recent x.-men movie. ordinary people discover extraordinary. talent. then there's army strong. so there you have it another government agency working very closely with another industry giving them sponsorship giving them weapons and exchange for making sure that only a certain type of content makes it out of the gates now the mainstream media wants to go all hollywood how about they take a look at that but they won't they're just going to send reporters to the red carpets and talk about who's wearing what who is dancing with through without even

really looking at the culture examining what it says about us today like i said apparently they'd rather be the new entertainment channels and miss the news miss the commentary and the analysis any of the debt. well looks like the whole world is trying to save the eurozone or at least get it to contain its sovereign debt crisis earlier this week reported that the brics might be playing a role something that they'll discuss at a meeting in washington next week yesterday five central banks including the federal reserve announced that they be providing an unlimited flow of dollars to other banks in the form of three month loans now the coordinator here is going to be the european central bank which in turn is going to extend those dollar loans to banks in nations within the euro zone banks that increasingly i've found it hard to get cash as investors worry about their health i.m.f. director christine lagarde has called this coordinated move exactly what is needed how does pumping more dollars into the economy measure up to what america needs

joining me from our studio in los angeles is no me friends author of it takes a pillage and her latest book a black two. day which comes out next month you know me i want to thank you so much for joining us tonight and for starters i want to your take on this move by the central banks here using this swap lines that were set up after the original crash in two thousand and eight to make these short term loans do you agree with christine legarde is this exactly what's needed or not quite. this is exactly what has been shown not to work which is the reason we're in this situation right now those swap lines were put together in two thousand and eight to two in two thousand and nine to basically fund the banking system a global banking system that was severely destructive to itself and to the rest of the world and continues to be so the only difference is that where the bulk of that destruction was seen to be first seen ited states back then now we're seeing that actually it was more global than what i thought it was global but then a lot of people noted to begin with and the european crisis or for an answer crisis

part two was. evidence of that so allowing banks to have more cheap money printing more money to deflate the value of currency inflate the value of actually what loans should be standing for in order for those banks to appear solvent because they are not as solvent because what they have done up until this point is either borrow against or create those bad assets or buy those bad assets from each other lot of which proliferated from the united states bank globally and we were just in another phase of that so throwing money at the money centers and assuming that we're going to have a different outcome because of that then we've already had is not a good think it's ludicrous really well it's not like we haven't seen the federal reserve do this before and think that this is good policy but how do you think of their justifying it this time around especially if we look at where the u.s. economy is right now the idea pumping even more dollars into the system it's only

going to make the value of our dollar go down and that's not going to help. now it's going to make the value of the dollar go down it's going to make the system less inherently stable and we haven't gone out of the last trillion dollar sets of subsidies that were put out by the federal reserve by the treasury department to float the u.s. banking system so the only thing we're doing is really spreading a bad policy globally. in the second phase of it when we've already seen that that hasn't helped main street economy as it hasn't helped populations grow their jobs it hasn't helped with the housing market or people's ability to finance the refinancing mortgages to begin with throughout the world it hasn't really helped add value to individuals throughout the world and now we're looking at that same policy in a different phase as as being declared useful. by europe it doesn't make any sense do you think that this might be some kind of a power play by the federal reserve as well though to try to you know solidify or

at least keep the u.s. dollar as the world's reserve currency. well the federal reserve has this idea in its own head apparently that somehow we've averted a financial crisis and that we're more stable as as a banking economy really really sebag some more stable than they were before the fed had to pump all these trillions of dollars of cheap loans into the banking system to begin with so in the fed's mind and ben bernanke he's world they're actually created a better situation more stable situation for the united states bank and now they're they're helping the rest of the world when in fact all they're doing is yes they're printing money they're deflating the dollar they're encouraging by by short term lending a situation that is inherently unstable rather than taking a look at how these banks are really operating at what assets are really there what potential frauds have been caused what things are truly valued at and being realistic about a situation they do the same thing here they let banks continue to remain big to

get bigger to keep bad assets to continue to manufacture bad assets without looking at the problem pretending that throwing all of this money deflating the dollar was somehow going to be helpful and they have decided that it was even though it hasn't been and now they're basically doing the same thing so they are acting like the global hero when in fact all they are doing is creating more of a global catastrophe and you know of course one of the things too that we've spoken about on this show is that i don't think that americans are quite paying enough attention to what's going on in the euro zone right now i don't think that there is you know enough comprehension that if indeed let's say you know greece defaults or other countries default their banks default it's going to affect us and that's of course one of the worries is how many of those toxic loans are talks of assets our banks have from the european banks do you think that. it would be shocking to find out that it's much worse than anyone wants to imply. i think it shouldn't be shocking but i think when we really see the fallout which we haven't seen in its

totality of this this financial fraud that proliferated the toxic assets that were manufactured here that were sold through europe we will we will some people will be surprised and some people will say that's what we've been trying to tell you there are there are banks there are small towns throughout europe that are suffering because their little municipalities invested twenty million here or twenty million there in toxic assets that were peddled by citi group or by j.p. morgan chase or or what have you that are still in litigation or hoping to get to litigation to settle these things so so they're there and meanwhile their towns are being devastated and that money can't be used to grow their own individual economies this is happening throughout europe and we are linked in that manner. now what do you think to this proposal or at least for now might just be rumors of the brics perhaps bailing out the euro zone this of course initially was something that was thrown out in brazil and next week of course they all be meeting here in

washington d.c. for the i.m.f. meetings but. is that a really odd way of looking at things and thinking of these of these poor countries having to bail out the rich. it's it's not even that they're yes it is odd to think that other countries have to come to the aid of the banking systems of the of the richer countries that bet wrong they gambled wrong in the deflated the value of the general economy and not just their countries but in the peripheral countries and so it's kind of ludicrous to assume that this can happen from the outside or needs to happen for for all the countries that are suffering as if there has to start being a realization that if there needs to be default on debt there needs to be default on debt that countries need to grow their local economies in such a way that it makes sense because only with only through that will we actually have productive growth and jobs and create a sustainable situation this idea of. flowing money back and forth to plug the holes in really what was

a create and lend and borrow against toxic asset pyramid that was global and remains global remains not entirely honestly value throughout the world is really a problem now of course though you know if we go by that logic if something needs to defile it needs to fall you know the banks that are too big to fail can be too big to fail they need to fail we're going to see even more fall out it's going to be even worse for the economy even worse the recession is going to definitely double dip at that point if you don't already think that it's there and so you know i just wonder what you think of that's going to look like for example new york mayor michael bloomberg today was saying that you know if the economy doesn't get better if we don't get unemployment handled here in the u.s. then we're going to start seeing riots the same way that you saw in cairo do you think that might happen. i think there's still a. lack of full understanding as to how what we're discussing with respect to the banking system and throwing money at it is really

a culprit to the more name economy for everybody else is really keeping jobs from being created and creating a situation actually were jobs are being thrown out and lost and cut from small businesses and medium size businesses the reality is these these banks by not letting them fail by funneling subsidies into them by by accepting this argument that this is what we need to do to have a more stable economy all that does is perpetuate a problem where banks get funding cheaply to continue to do what they're doing and they don't provide the funding on word to individuals so they don't help people refinance their mortgages they aren't giving in their historically low levels of giving loans to small businesses or to organizations that can actually hire people and provide productive growth to the economy the money is sitting at the banks it isn't being widespread not here not in europe that's the problem so the logic of bailing them out of giving them more money to sort of compensate for the fact that

they're sitting on it to begin with and all they're doing is plugging the holes of their own bad decisions is really not the way to go the way to go is if there is to be money given into a private banking system there has to be strong strings attached to that money so that it is used to on where lend and create jobs and finance the growth of small businesses and adding staff instead of cutting staff so that it can be used to help people refinance loans and mortgages or even if the student loans so that there's a way to create economic stability at the bottom level of the mainstream of the population citizenship level rather than assuming that funneling it in from the top level of these international goliath's is going to make a difference to the rest of the economic community the rest of the population and. in the meantime these international goliath's do allow this bailout culture to prevail rick have to keep watching of course what happens there nomi thanks so much for joining us tonight. thank you. now it's unemployment at nine point one percent

and brank bank profits rebounding nicely people are fed up and they want to make it known several of our viewers have been drawing our attention to a protest is set to start taking place this weekend to shed light on the tight knit bond between washington d.c. and wall street and of course they're going inequality here in the united states the protest is called occupy wall street and it's called on twenty thousand people to come to the financial district and set up tents chairs kitchens anything else that they need to create a barricade a plan occupying the area for a few months off for the sake of grabbing dc's attention and putting wall street firms in the spotlight now anonymous is also on board at this movement. this is even violent protest we do not encourage violence in any way the abuse and corruption of corporations banks and governments and here. now the activists have also created posters to help protesters determine where they can protest peacefully without any confrontation from the cops as you can imagine the wall street banks aren't making any comments about occupy wall street but mayor michael bloomberg

welcomes the activists this weekend saying people have a right to protest and if they want to protest we'll be happy to make sure they have locations to do it as long as they do it where other people's rights are respected this is the place where people can speak their minds and that's what makes new york new york and this protest evolved out of a movement called we are the ninety nine percent and it's set to focus on those who are suffering whether it be who those who are unemployed people who are working three jobs just to survive and one of the goals here is to highlight the one percent of our country that happens to be doing incredibly well which certainly exclude includes the executives at the big banks and the planned protest is gaining a lot of attention on the web and the hash tag occupy wall street is trending there even pictures popping up on social media sites showing how people have started gathering in new york city so it's going to be interesting to see if the protesters call for justice or actually be hurt and more importantly if that ninety nine percent actually shows up in person to have their message heard i think this could be a good test of whether that activism that you see online really can result in action

in real life where you make sure to update you on the turnout next week. still ahead tonight obama is out pushing for his jobs bill while the g.o.p. says the plan is going nowhere in congress that's right we're going to ask if washington is capable of coming together to solve big problems or even nothing is going to get done before the next election that someone. will. remain you the latest in science and technology from around the world. we've got the future of coverage.

well it doesn't look like the president's jobs bill is going to go very far despite all that passed the bill cheering that we've been hearing from the krauts same goes with the president's calls for more tax increases to come out of the congressional super committee it's not like we really expected we could have some broad bipartisan consensus but after the speech that john boehner gave the economic club of washington yesterday it's pretty clear that compromise of any sort is not going to come from the republican party despite calling for politicians of all stripes to drop the my way or the highway approach boehner then said the tax increase increases are completely off the table he also called the president's jobs plan a poor substitute for the poor job growth policies that are needed to remove barriers to job creation in america ouch not all starting to make you wonder if anything is going to be a creative in the next election but how voters can react to the lack of urgency

that we're seeing here in washington d.c. and to discuss this with me is changing for our senior communications strategist with new media strategies j p thanks so much for joining us tonight thanks for having me it's always a pleasure and what do you say here i mean if we look at all the back and forth we like what john boehner saying do you just get this feeling the absolutely nothing is going to happen in this town and nothing's going to be agreed upon nothing is going to pass until we get over to the next election well in many ways a kind of think it's a good thing if you think we're going to just sit around doing nothing at this point i think of the government's done so many things that we might want to just try the private sector for a bit but in terms of a sector isn't acting right and i just meant that i would sector is just sitting on cash and so i really uncertainty created by the government is certainly helping things along in that regard but i do understand that we do need to get some cuts through the government does need to get smaller that we need to pass things for us to get there right but yeah it doesn't seem like president obama is willing to do that i mean and i think that the signal to this i think the signal to this is not necessarily would be in a responded to the jobs bill but the presentation that the president gave and i

don't mean that he gets there is something wrong with him going to the speech was a bit problematic because you saw that when he came out and he said i have this big proposal there were two parts of it that were problem first republicans hadn't seen this. proposal prior to a speech that well you know that it's going to be a little bit on the political side and the second big error is coming out just to propose it to give a speech to talk about what his ideas are right everybody sits around and says that this president doesn't do enough that he's leading from behind it's great and say enough action enough leadership well then let him come out and lead don't complain about it except except speed speaking is not exactly leading and this is this gets kind of into the second part which is that we didn't see what the proposal was until a few days later so he gives an entire speech saying pass this bill and then we're like well what's the bill and then they go i'll get it to women who are out now so let's talk about what's happening now because what we did see is so after the president released the bill after republicans had a chance to look at the language we'll leave saw some hopes for what might be compromise people like john thune were saying you see there are some things that need to be amended here some changes and now suddenly boom it's like the language

is completely changed and john thune for example completely changed his rhetoric and now says no dice we can't do it at all so i'm just wondering you know when they told they all had sat down and had a meeting and everyone said sorry whatever you said last week we decided one hundred percent we're not going with this is that the tea party that's pulling strings i think it's a great thing when you have congressmen and it shows their willingness to compromise that they at the very beginning at the outset they said this looks good we're going to look into it we're going to take some time and then four days later they continue looking and saying this is there's some problems here and in fact i kind of wish that that was the thing that happened with health care that we had more time to give it consideration the specifics of the bill consideration because you know i mean you could be for the health care bill and know that there are huge problems with it that are only a consequence of it having been passed so quickly well there you know of course i mean a lot of so many of our problems come because often the legislation and the congress members don't even read it right it's all about having to rush it all becomes very political and just pushing it through but that's what people are so frustrated with

in america right if you look at the fact that only twelve percent actually approve of the job that congress is doing if you look at the fact that president obama's poll numbers are plummeting i'm just wondering how much longer americans consider around and wait because on one hand you know you and i are talking. at the fact that we want them to read these bills we want them to actually thoughtfully look at the legislation but you can't just sit around and twiddle your thumbs and just do the he said she said finger pointing all the time there needs to be some sense of urgency when forty six million people are living in poverty well i think that we saw that kind of urgency in the first two years for a president had both houses of congress you know it was a super majority and he was able to get across the things that he felt were a priority and so the first thing he does is the stimulus the second thing he does is health care those are the things that you consider to be the most important things and neither of them worked out very well i mean there are studies that show that you know we actually spent more money we could have just handed people cash instead of doing the stimulus the way that we did but what's happening now because the republicans decided to sweep of course you know sweep the house we decided to fall i mean iraq you know we had we had this big election and what republicans

promise is that we're going to focus on what really matters we have our priorities in line and we're going to focus on jobs we haven't seen anything done to actually focus on job creation quite the opposite we've just seen a lot of bickering over the debt deal we almost are a country default on its debt but still no jobs well i mean i think that a lot of the discussion was actually very much focused on how are we going to inspire the private sector to create more jobs and one way we're going to do it is by making sure that they don't worry about their taxes getting raised i mean people are not are not stop are not not hiring because they're worried that their taxes might be lowered you know they're not hiring because they're worried that their taxes might be hiked and i think that that's a legitimate concern especially coming from the president talking about you know fixing the revenue flow but it's not happening right if you have republicans have the majority then what are businesses so worried about they see the republicans say absolutely not we're never going to compromise we're never going to raise any taxes and you know if you talk about the tax problem too clearly we see some of the largest corporations and largest companies in this country they don't even pay any taxes so what they're really trying to do is at least just even it out get people

to pay their fair share so we have revenue as well as cuts that are going to come because austerity is not working if you look over at your well i think a big part of why some companies aren't paying their fair share of taxes especially this year is because they've lost so much business in the first. plus i mean that's a huge that's a huge component but then you also have to consider that you know i mean if you talk about exxon if you talk about g.e. they haven't lost that much business they've taken a lot of jobs overseas they're doing fine they're raking in huge profits and just using all of their lawyers that they get to pay for i mean you get out of paying taxes man if g.e. and exxon mobil could make up the majority of what we owe in our debt i think that would be a very important discussion to have as attorneys add for example well funded might be examples but they don't make up the majority of what we're doing here which is that we have a budget that is out of control we do have a government that's much too large and we need to do some actual spending cuts we actually need to drill down and get into the specifics of you know areas that maybe we shouldn't be doing things maybe in privatization whatever but i would say unfortunately we're just not looking at the right areas if you ask me because there's tons of waste and blow in the military budget for example

a defense budget that we point out all the time here on this show but yet instead we're going for social programs that people really need now are running out of time so i just want to ask you quickly too right so there is this anger bipartisan anger right now america just hates their politicians i really get that impression and so now we're coming out for a new presidential election maybe mitt romney maybe rick perry you have ron paul that makes people are upset with obama do you think that this could be one of those elections where there could be another third party candidate there could be another ross perot out there i think i think that there's a there's a real potential for another ross perot and i think that that's a real threat i think it's i think is a bad idea because i mean ultimately if you genuinely believe in advancing an idea or a cause you don't you don't fumble in order to you don't cause someone else to fumble that it's pretty much on your side in order just to get to where you were electing the same old schmucks to try to lower i think and do it their way our system is based on compromise right i mean that's that's how we reach this consensus is that we're not seeing it all well i mean that's why we have an election every two years i mean we're. the republicans swept the house they came close to getting the senate

and it was to send a message to the president please change the course that you're wrong were upset about this and people kept on trying to spin it as something other than a tea party victory but ultimately. party candidates took over took even republicans so there's a clear sign that people are unhappy both with the moderate republicans that are too willing to sell on taxes and big budget the big budget and obama and so i think that we're getting now to a point where the president is going to have to have to face the consequences for his own why think we're going to the point where everyone's going to have to face the consequences but there's a lot of anger and you know we'll see we'll see if it will be a reckoning thanks so much for joining us thank you. now still ahead tonight donald trump is going to be the king maker in the presidential race. and defense spending . on michele coming up for the co-author of the book terror security and money balancing the risks benefits and costs of homeland security he joins us in a minute. from here.

in broadcasting live from moscow this is our team here with. the u.n. security council unanimously approves a new resolution on libya giving support to the country's transitional government in its efforts to rebuild the nation provides for the establishment of a u.n. mission in libya and the unfreezing about two major oil companies comes as can often boil is to repel the attacks by the transitional council forces two of the former leaders remaining strong. with the e.u. flies in policing to kosovo as ethnic serbs warned of more violence after the break where the public again tries to block the free flow of goods from serbia the disputed center.