oh i'm sorry no washington d.c. and here's what's coming up tonight on the big picture the instability among the global economic markets going to blamed on more than just the financial woes of greece but also stems from a mental disorder psychopath the. banks across the globe who have gone mad trying to rip off you and one of the police officers seen pepper spraying innocent protesters in manhattan has been outed by a it was so even though the officer may have done wrong in his actions exposing him and his family to possible harm make it right.

you need to know this markets around the world rallied today with the dow up one hundred forty six points but that's not enough to call concerns of a looming european debt crisis as the e.u. the european union and the international monetary fund desperately try to draft a rescue package to prevent reese from defaulting which would cause a global economic meltdown which is why in part heads around the world turned yesterday when the stock trader alessio. went on the b.b.c. and said this markets are rules right now but fear investors and make money the smart money i'm talking about. but it funds the hedge funds things

that you sions they don't buy this rescue plan they basically they know the market is toast you know the stock market is finished the euro spars a big concern don't really care their movement money away to stay for dinner and donny had this warning for us and revealed who exactly is running the show in the global economy. i would say this everybody who's watching this this economic crisis looks like a cancer if you just wait and wait thinking this is going to go away just like a cancer is going to grow and it's going to lay what i would say to everybody is get prepared this is not a time right now to wishful thinking the government going to sort things out that governments don't rule the world goldman sachs rules the world goldman sachs does not care about this rescue package neither does the big funds so goldman sachs rules the world and according to his study goldman sachs and other banks there's are driving the world markets into the ground intentionally so isn't this evidence

enough that we need tougher regulations on the banks and on these traders or have we officially given bankers the power to destroy us are going to be moving in that direction here to offer his take on this is matthew beta as to get a journalist author of the book subversion inc matthew welcome to the program ok thanks for having me on so my classic question for you why do you hate banks i don't hate banks i do hate goldman sachs though in fact i wrote an article in the american spectator a few years ago because goldman sachs is he believes in big government that's how they get rich. compared that's what they like to do they like to like many corporations they don't like the free market they want to use the power of government to enrich themselves so. it seems like an internal contradiction here because for example when phil gramm swipes when he was on the board of enron he

pushed through the commodity futures modernization act and gramm leach bliley that made it possible for can lay to make a few extra billion dollars and enron did really really well and that created c.d.o. created a with the possibility of slender allies debt obligations and mortgage. at least the second and third generation of the fear of the ones that went to nine hundred trillion dollars and all of that was celebrated as market deregulation as government and goldman sachs celebrated that as less government and a bit that's what they were lobbying for so what what is the more governments that there are using to get richer it seems to me that by getting government off their backs they've gotten rich. goldman sachs are you talking about financiers in general yeah well either one i don't seem that much different from goldman and what you know what is wrong and what is and this is something that tim carney as a reporter with the washington examiner has pointed out many times is that many

corporations most of the most of the big ones they don't believe in the free market they believe in asking government to pick winners and losers for example wal-mart supported an increase in the minimum wage not out of the goodness of their hearts because they wanted to help. low paid workers it's because they knew that they could drive their competition out of business by four thing up their business expenses that mom mom and pop enterprises wouldn't be able to compete with wal-mart which is paid well above minimum wage it sounds like this is crony capitalism you know i don't disagree that they're using a lot nowadays you know surveillance brought it back into vogue and i actually did to get an op ed here one night saying i agree with surveillance of first words well yeah but so do i in this case here's here's the question i think this is really the larger question is is the economy you know we we create an economy this this this i believe we agree on this that that. without

a government you can't have an economy because you can have a court system to enforce it you can't have jails too and you always have a rule of law and ice right and you have to have a stable currency you have to have a there's systems that are necessary for an economy that is certainly if that's the rule of the road we exactly we the people establish the marketplace so the question is is the marketplace established so that the benefit of it the primary benefit of it derives to weed people the average working person or is the marketplace established so the primary benefit of it accrues to the very wealthy and powerful people who by and large come to dominate in the marketplace you can really philosophical i mean you know not because i think that the democrats are taking their former position and the republicans the latter ok well people interact in the market market participants act for their own in their own self interest in you know if you go back to adam smith and the wealth of nations that's that's the idea behind it the problem with the wealth of nations was

a call for government regulation or it's. effective in these theory of moral sentiments was a was an explicit about it well that you give up that's like calling it's like owning an event you have to put it in context that's like calling that's like some radical libertarian wrong pulse and. boarders call alexander hamilton a fascist because he believed that the federal government should it was a summit royal. but that he did that because he believed in you know he believed in more government than people at that time were you sure well so you don't you have to take it i think you have to take that in context but to the to this issue of regulating banks right you know rolling back. gramley while and bringing back glass steagall for example and these sorts of things are are you in favor of reregulating the banks of the pretty regulated already you would. flee in with the new dog frank don't let me show you a graphic that we have this is this is the history of the united states and we will

have it on this monitor here these are bank panics not depressions with bank panics major bank failures and you know that it's behind us as well as over here and the first major one eight hundred one thousand nine hundred thirty seven eight hundred forty seven hundred fifty seven that really kicked off the civil war eight hundred seventy three eight hundred eighty four eight hundred ninety eight hundred ninety six eight hundred ninety seven thousand nine hundred twenty nine the super you know eleven thousand banks crashed and then there's that one period from one nine hundred twenty nine until two thousand and eight where there were no bank panics. and the reason why is because they already are is that what you're going to do because franklin roosevelt put in place i could rate your argument or your tone well you know in the minute we have left tell me why we shouldn't go back to the glass steagall act so that we have another fifty years or sixty or seventy years of stability i don't know enough about i'm not an expert on the glass steagall and stiegel act but i do know that right now everything in the financial world is very heavily regulated and in argument can be made that it's to have legally stiegel

said was if you're a gambling bank an investment bank you can't do commercial banking and of checking accounts and savings accounts if you're a chain account savings. in a regular bank bank right you can't do gamble you're right it seems to me like common sense we should bring in fact i wish i knew more about that steve i don't you know i know it's fun to talk for pundits to talk about stuff they know nothing of but i try not to be one of them but i think there's too much regulation in general specifically which should be done i'm not totally sure why are you and being honorable about that matthew thank you robert but to really understand was driving markets we need to understand a dimension of psychology afy psychopaths are sometimes referred to as sociopaths basically lack empathy and this is the defining characteristic of people who are psychopaths they view other people as objects to move around in a chessboard and they think that the only human being in the entire universe who

actually experiences my emotions is they themselves that one person the psychopath themselves and the people who could profit off millions of people being thrown out of their homes for example example by and large if if they could sleep at night would be a psychopath if they dreamed about at night they'd be a definable psychopath for example take a look at this clip from the same or traitor. i'm a trader i don't really care about the criticism i go with what if i see an opportunity to make money and i go with that so for most traders it's not about is that we don't really care that much how to face the how to fix the economy how to going to fix the whole situation our job is to make money from it and personally i'd be dreaming of this one for three years the thirty's depression but the question in the thirty's wasn't just about the market crash there were some people who were prepared to make money from that crash and i think anybody can do that it

isn't just for some people in the elite anybody can actually make money it's an opportunity when the market crashes when the euro and excitements crash if you know what to do. if you have the right plan set up you can you can make a lot of money from this you get this if a lot of people lose their homes if a lot of people are in bread lines if a lot of people are starving if divorces are happening because of the stresses of people being thrown out of their out of their jobs if challenged is exploding because of the stress of life in a great depression if all that happened i could he could make some money come up this is this is this is the reagan counter revolution on steroids and that and that's frankly the problem with here's here's a couple of quotes this this first one is from an article in the financial times titled alfred hitchcock's the bankers the financial times the financial times is

like the magazine of the wealthy powerful bankers talking to themselves quote it characteristics that make for good trading and investment bankers are pretty much the same as those that define psychopaths surely only someone with a serious personality disorder could have thought it was a good idea to sell highly risky financial instruments like a c.d.o. squared to a naive investor who clearly did not understand the risk. you get it it's guys are psychopaths university of st guillen study talked about psychopaths and they said traders behaved more egotistically and were more willing to take risks than a group of psychopaths who took the same test and these were actual psychopaths but they grew out of a prison population people who had been diagnosed as psychopaths and what do they find but the banks toure's the traders the guys who like the guys who were saying oh boy oh boy let's crash the economy and make some bucks they were more mentally

ill now traditionally what we do in society is we build rules into place to limit the damage of psychopaths whether it's outlawing date rape or whether it's outlawing banks is bringing down an economy we need to go back to having those rules in place like we had from one nine hundred thirty five until two thousand that prevent psychopaths from turning banks into instruments of mass economic destruction. and. it's time for our daily pull your chance to tell us what you think here is that is question is investor. responding right about goldman sachs ruling the world your choices are yes the banks there's no how to make money off recessions and depressions or no this is no stretching will impose regulations on wall street and push back on the banks toure's but on its own are going to come

tell us what you think a poll will be open until tomorrow morning. well you know the failure to negotiate on capitol hill already reveals the stubborn side of the republican party but the reason crowd reactions of the g.o.p. debates show the hurt was side of supporters so which is worse the guys in office are the ones who vote for. what drives the world the fear mongering used by politicians who makes decisions to break through it's already been made who can you trust no one who is your view with the global machinery see where are we heading state controlled capitalism is called satchels when nobody dares to ask we do our t. question morning.

here's a question for you who or what is more in conflict with traditional american values of fairness and civility republican politicians or the republican base so far republican audiences have cheered executions they cheered for the death of uninsured americans they booed american soldiers and they cheered for americans who lost their jobs but more importantly not one candidate when confronted by these

sadistic crowd reactions has pushed back at least at the time none of them had the . political courage to do what's right so why is there tommy christopher is a media correspondent white house reporter a media ite dot com he joins me now tony welcome and thanks for having tom great to have you here where the republican candidates seem to be and eight for for engineer instead of frankly leading even that fringe into a larger marine mainstream i mean i'm i'm i'm yearning for richard nixon it's a it was a he was a rational guy while most of the republicans on stage last week fox so-called news debates claim they didn't hear the audience who were a few of them santorum so that. gary johnson was was there and he actually had this to say what was it. the booing that occurred last night at the event is not the republican party that i belong to it it

happened it's a group of individuals the mood i was chomping at the bit to be able to respond so that if i have one regret from last evening it's that i didn't stand up and say you know you're booing a u.s. servicemen who is denied being able to express his sexual preference that's not right so this raises two questions number one this guy was on the stage and rick santorum has already said he didn't respond and it was because they were in the state so apparently gary johnson is calling rick santorum a liar and b. you know what that is on that issue with carrie johnson and bears repeating was standing right next to santorum and it wasn't like they were in different spots on the stage they were right next to each other. you know i don't maybe carrie johnson got some kind of super sensitive hearing. or forgot to turn on a series i don't know. so here is actually another example of this

with none of the candidates gave a strong rebuke is gary johnson and again this is this is about execution this is going to carry. your state has executed two hundred thirty four death row inmates more than any other governor in modern times have you. your thoughts on that. yeah well that was very shocking and you know i think there were as far as definitely goes. there's a real disconnect in this country among not just republicans but people in general between knowing the majority of people sixty percent know that we execute innocent people who are sure of it and yet sixty nine percent still support capital punishment i'm not sure how that matthew. rex yeah and the other thing that baffles me is i'll bet probably ninety five percent of the crowd would have identify themselves as pro-life and they're yeah and they're in there applauding executions

yeah you know i think you know. proxima getting a lot of praise for the big question and i think that was an opportunity. for for them to follow up and say well that wasn't fox was it was c.n.n. where it was should have followed up with perry and said well you know what about that fellow who was put to death who they said burned his family and the forensics were in doubt and you know they should have followed up with that because perry switched around and said you know if you commit a crime you kill the question was do you stay awake at night worrying about the innocent people who don't in fact has. ever been asked that question on the campaign trail with. cameron todd willingham i think that was an area. i don't i it's almost like there's a conspiracy of silence and it's quite remarkable here's ron paul was asked the question by c.n.n. you know what if a guy is dying he's in a coma he's thirty years old he's uninsured what do you do. this why did you have to. thank you. are you saying society

should just let him die. you know. yeah just let him die it's comically bad the way these people react on this stuff and yeah i you know i again i think that the impulse there is you know. conservatism is a lot about you know if somebody gets something they always feel it's at their own expense you know they don't see the we you know society that takes care of itself the way you know we sort of ernie's benefits you know we we earn you know a certain safety net because. you know the companies that are can flourish in our system you know if they don't provide health care you know the seating that steps in and helps people out. but the thing that blows my mind is i mean you think back to like the sixty. convention. rockefeller got up and gave a speech asking for moderation to get booed barry goldwater gave a got up and gave

a speech and he had cheered for saying you know extremism in the support of liberty is no vice. but he was not talking about killing people he was talking about liberty you know and he didn't mean it the ron paul since i don't believe it just seems like you know i can't imagine richard nixon having tolerated this would ronald reagan even for that the common thread between all these things is the compassionate conservatism at least as far as he's deeply audiences are concerned he's dead because one of the telling moment i'm not sure you have was was when rick perry got booed for actually showing compassion for the children of illegal immigrants you know the one good thing he said the whole debate and half of the audience booed him and. it was funny because he said you know if you if you really don't have a heart if you don't believe in this and then at the end you categorize it well and also be a drain on society so there's something in it for you because through these people you know anybody could he could recover we know what give you an excuse to

basically say and still we have you know some substantial portion is look at her numbers twenty thirty fifty sixty percent of the republican base you still think even though barack obama was born in the united states and this is a. bizarre beliefs fifteen seconds or a quick response yeah there's look there are there is a segment of people who are just never going to accept this guy no matter what you guys who is it somebody that if he said vote for republicans republican would be against that and and that's really the situation we're in right now and it's tough it makes it tough because they're powerful minority. christopher thanks so much for that was there from their dad. in other news on last night's show we talked about the new york police department's brutal crackdown on occupy wall street demonstrators over the weekend i'm the most disturbing examples of this police brutality was on a group of women were pepper sprayed by a police officer seemingly without provocation take

a look at the new well the natori is activist group known as anonymous did not let this violent reaction by the police go on funniest yesterday the group published a picture of this officer identified as anthony the rogue not alone a i'm not sure exactly how he pronounces it along with his phone number his address his past legal troubles and disturbingly the names of his family members post was accompanied by a message reading you know who the innocent women were now they will have a chance to know who you are before you commit atrocities against innocent people think twice we're watching expect us and certainly the actions of the police over

the weekend against demonstrators raise our lot of questions about the tactics used by law enforcement and a troubling consequences of the rise of this relatively paranoid national security state america is publishing the names of family members of one rogue cop appropriate for more on this i'm joined by joshua heil senior writer and editor at alter net dot org joshua welcome back to the program. experiment you write in your article that actually. about this you write about the environment in which these anti heroic nerds operates speaking of activist in. and you did not mean that as a slam on them. can you elaborate. yes well you know i mean i think that this this act of outing a cop's family was divisive even among the protesters and a lot of people thought that that was inappropriate bringing his family members and

i look at the other side of this which is that you know the n.y.p.d. is among a number of large and very difficult to build account institutions so you know i think that the environment in which this is happening really reflects a lack of accountability for the banks and for you know government agencies run amok and you know we see citizen stepping into the fray in the absence of real mechanisms to hold these increasingly powerful institutions accountable for their actions here we have a police officer who has been previously queued up civil rights violations against protesters during the two thousand and four g.o.p. convention in new york he was still sent into it's very tense situation and from the video at least it seems like his reaction was extreme and an abuse of power now the n.y.p.d. came out right afterwards and said that they reviewed the video and said and you

clued out it was an appropriate use of pepper spray so here you see this group of citizen activists stepping in and saying wait a second everybody who watches that if you can see very plainly that it was not an appropriate use of pepper spray it's increasing it's a sign of kind of peace increasingly hostile reaction to dissent and we're going to do something about it is that the ideal situation i don't think it is but you know they seem to be the only ones out there taking these issues very seriously yeah and the context of the mill you with within which activist is working in and reacting you are pointing out that you know we we have five percent the world's population twenty five percent of the world's prisoners. we have more people in jail than any other country you mention in. illinois man was recently sentenced for seventy five years for recording police officers he alleged were harassing him and this time to see one who was a threat threatened these kinds of things and yet you also write about how there is

virtually no accountability for people who have power or great wealth in our society who break the laws and how the supreme court has actually virtually enshrined this. i think that's a big part of it and you know we have a very ingrained sense of fairness i think that that and the ideological spectrum people understand these double standards and they react to it another example was the anonymous hacker arrested in california last week he was reportedly only a man who he had participated in some attacks on the santa cruz county government which had passed some anti camping laws which is just one of a series of laws that were being passed in communities across the country to prevent tent cities from popping up to deal with a whole list here is an encroachment arguably encroachment on civil liberties that absolutely nobody seems to be incensed about and it seems like he took matters into

his own hands at the end of the day should in your opinion should anonymous of leaked. the personal information about this guy's life are just limited to his name photo and perhaps office phone number and badge number. well i would certainly side with the many activists who think that that was an appropriate you have a leaderless movement these are you know people there's no hierarchy here so there's no real decision making tree i think that whatever one of the many you know one of the many nerds of anonymous decides it's a good idea they do it so no i would not say that that that's an appropriate thing but i would go back to the context and say it's really inappropriate for a police officer who's been accused of these types of things in the past to be employed in that situation before he says has been litigated josh we just have a half a minute left what's the state of the protests on wall street and the spread of

this across the united states. well it's it's it's not isolated to wall street or occupy chicago started recently the anonymous collective is calling for a so-called day of rage in the end of this month so i think we're seeing a a real a real the beginnings of a real movement even if some criticism about its messaging is valid i think you're right joshua thanks so much for being with us and thanks for having me tom i'll have more on the occupy wall street demonstrations in tonight's daily take. coming up our infant mortality rate in america is unthinkably high so how do we succeed success and wealth but failure in keeping babies alive. what drives the world the fear mongering used by politicians who makes decisions to break through.