to the more extreme tactics. to the way in which they were dealt with by police they saw the flint police approaching in full riot gear they attacked with tear gas and guns. and violence just like today what's your what's your right perhaps the most striking parallel though the core issues they're fighting for one reason proffered joint occupy flint in so far that is. the way it is where you have small people who are drilling that way through everyone else and humility the excess capital that holds you are here a struggle always despite historic battles fought and ground game and i am confident that after it's all over will. there will be a better understanding between employer and employee. and better still i hope the conditions will be improved under rich men and women labor.

was. the confidence of labor friendly governor frank murphy prevailed on february eleventh one thousand nine hundred thirty seven a deal was struck recognizing the united auto workers which had only been formed the year before as the exclusive bargaining representatives to g.m.'s employees they. shortly after a local business weekly declared the revolution is here. christine freeze out here are tea. well switching gears a major announcement by fox business network they are dropping three of their primetime shows including the show freedom watch hosted by judge an apology for to watch was one of the top rated shows on fox business channel and so far there hasn't really been a reason given for the cancellation and according to a fox press release freedom watch will be replaced by re airings of shows run

earlier in the day. i want to talk more about this but first let's take a look at a few clips of judgment that will give you a peak of his show and his you point in what he has done and in what he willed become the thomas jefferson of our day ron paul is one of us. but senators mccain and eleven of the added this legislation which would authorize the president to declare the entire united states of america all fifty states and all territories to be a battlefield the government of the united states shreds your rights every day it taps our cell phones it reads our e-mails it kills people abroad with predator drones it strip searches an eighty seven year old grandmother in a wheelchair at an airport. no it's not your typical fox news principles here doesn't a politician who talks about occupy wall street the national defense authorization act he's been consistently probably ron paul and antiwar want to talk more about

what the cancellation of the show means in terms of the public discussion let's get away now and wrote a libertarian and author he wrote the book the conscience of a libertarian and powering the citizen revolution with god guns and tax cuts. are i way and this was a prominent show and a different show for fox for people who aren't familiar with it and talk a little bit about what judge an apology brought to the forefront of discussion on his show sure hi christine it's great to hear from you every i think it's important to note that it is fox business network it's not a political that works so they were taking a very big chance with a show like just the public's honest freedom watch so it's not your typical show you find out to see a b c or a business network so it was unusual and so you know they decided to replace it with a business program not just with any reruns burrito runs or earlier business programming so that does make sense to some extent i'm

a very good friend of just of politics i don't bother to say yes but he might so i'm sad to see it go and i wish they'd kept it on longer the show was certainly our eye opening it certainly was unusual it certainly was different there's nothing else like it and any american t.v. you love fox news in its libertarianism libertarianism of course is fiscal conservatism and also socially liberal or moderate and and also for civil rights individual rights and personal freedom and economic freedom and really no other show quite touches on it the way just a politician who did a freedom watch so very sorry to see it go but that is certainly something you could be a fox business that because c. a b. c. would never allow a show like that on in the first place unless you fox credit for being willing to take it share it's on a very out of the box libertarian t.v. show. in the first place well they took a chance and you know it's a nazi n.b.c. and b. it is fox business network under the umbrella of fox they took

a chance and it wasn't necessarily a failure on and we don't have to point our fingers here just at fox but but let's talk about libertarianism as you say how does the coverage of libertarianism and of lit of issues on embodied by libertarians. you know these issues aren't covered by imus n.b.c. san or fox why not well here's the thing let me say the last three years i've been a guest about seventy five times on fox news and maybe once or twice and see n.b.c. never i'm going to send the see never on c.n.n. and now i'm a regular contributor to fox news dot com she can't say fox news is is anti libertarianism or anti libertarian or libertarian party and they certainly give us more coverage than any other network that's not to say their crow libertarian is to say that from time to time they tend to have a little bit of a libertarian streak and i never attack by friends i rather attack by enemies so i

try to be nice to box but i will say this libertarianism has two problems if you want to sell it i'm the most honest person about libertarianism in this country i tell you the weaknesses number one is libertarianism is not pro corporations or corporate welfare and when you're not pro corporate and a t.v. network or radio network has to sell advertising to corporations you wind up with problems which is why perhaps just the politics shows it on probably the same reason glenn beck's show is no longer red fox news there's a real problem selling inside libertarian sheen anti-corporate keeling on a network that has to take action corporations and that's just reality of life but number two libertarians christine can make a change that sells libertarianism for number two and the problem is i don't know if you're a football fan but since you vote is the most exciting football player. in america today and after his last playoff victory forget about football it was a football good dream but ninety six million people all over the world googled

john three sixteen is favored political saying after he won that game what makes two tivo so special that he could sell religion will play a football game enthusiasm energy passion the libertarian party doesn't have a lot of spokesman who have been through is yes who have energy who speak on an emotional level to americans instead of intellectual level they and i think that's the big turn off that's for. sure it is for many years i mean they've changed that if we want to make it popular they may not have a lot of enthusiastic spokespeople but they certainly have one and that's ron paul i mean ron paul i've covered him for eight years now i've been at his rallies i've been at his speeches there is no lack of enthusiasm there and i mean let's talk about ron paul a judge an appalling tano spoke about him often spoke about him in a very favorable light and that's probably you know i know a lot of viewers who watched his show were also major ron paul supporters they're

going a buzz on twitter today after hearing about the cancellation of is show so where will the next venue be you know as you say the corporate media doesn't necessarily embrace libertarianism so where can the next venue be for people like yourself like ron paul supporters who have no lack of enthusiasm for this kind of discussion. well first of all i put an article out that fox news was very willing happy to publish it billions of people saw it and it was called the ron paul phenomenon explaining and understanding the ron paul phenomenon it was a lead story for almost an entire week of fox news dot com just a few days ago so fox news is an x. i run poll they've got him as a guest with any other network and what i said next story is fox of the brand of enthusiasm and passion that ron paul brings and brings young people along with them has got to be embraced and accepted and not ignored or put down by the republican

party or they're not going to win the election they could never be broccoli bomb aside review ron paul brinkley's and enthusiasm i think what he lacks that was a bit of excitement and youthful if it was yes i think of my people rand paul comes in i hope it's where i come in you need young guys with enthusiasm but ron paul brings a younger audience young kids who are excited by fiscal conservatism and social moderation of liberalism and that's got to be a grace by anyone who expects to be the next president the united states and where can they do it christine i think it's got to be odd shows like this on internet t.v. shows just as much or more so than regular t.v. shows that don't have corporate sponsorship going to have to be done and out of the box that you certainly a lot of people disappointed just in general because you know they liked him and also because they hope that this isn't mean the status quo is what prevails in this society i always interesting here interesting hearing from you wayne allen root two thousand and libertarian a vice presidential nominee and author now before we go it's friday and guess what

anonymous has struck again the hacktivist group has taken down the cia web site this afternoon for more on that story go to our web site for now thank you for watching we'll be back in a half hour i'm christine for sound. wealthy british style and sometimes the tightly. guarded. tight. markets why not scandals find out what's really happening to the global economy with max cons are for a no holds barred look at the global financial headlines tune into kinds a report on r g you know sometimes you see a story and it seems so. you think you understand it and then you glimpse something

else you hear or see some other part of it and realize that everything you thought you knew you don't know i'm tom harpur welcome to the big picture. fixed for. fished for. just finished.

good afternoon and welcome to capital account i'm lauren lyster here in washington d.c. and here are your headlines for friday february tenth greek negotiations do not look like business as usual anymore greek police unions have called for the arrest of i.m.f. and officials one of the greek coalition leaders said on television he was given an incomplete translation of the trade agreement to look over before signing away his country are we seeing in real time what happens under a modern financial occupation and what lessons should the u.s. and every other indebted nation be learning from this in the u.s.

the house passes legislation to ban insider trading by congress it's called this doc act this just as the chairman of the house financial services committee who's worked on efforts to tighten these rules on capitol hill in the past is under investigation for what else insider trading we'll talk about it and federal regulators approve the first new nuclear plant in the u.s. in thirty years since the partial meltdown at three mile island this is also of course a you less than a year after the meltdowns at tokyo electric fukushima plant is nuclear energy a solution for us and for is the deficit of trust towards government business and regulators what could make the risk simply too high we'll talk about it let's get to today's capital account.

ok so this is it we have said many times in the past over recent months greek leaders are negotiating blah blah blah nothing new business as usual just the negotiations going on given the crisis mode in the euro zone will tell you when anything changes well it looks like we may have reached that point where you have to ask now the question has it gotten to where politicians and international lenders are no longer able to impose their will on the citizens of a sovereign nation who don't want it here's why we think that could be the case now you have greek police unions calling for the arrest of i.m.f. officials for as they put it just strong social cohesion with a tough austerity plan on going for a third year in addition one of the three greek coalition leaders said on greek

television national television that he was given an incomplete translation of the troika agreement to read before signing on to the terms it was missing parts that made a material difference when he asked for a greek version of that document and that's not even taking into account the sentiment in the country dimitri our producer is going to tell us a little bit more on that later in the show of course there are the protests we've seen that many times before though the question really for us though is are we seeing in real time what happens under a modern financial occupation now people in latin american countries or perhaps an asian countries or eastern european countries might say come on this is nothing new this is the i.m.f. our work we have seen it before but is the western model of financial plunder and consolidation turning onto itself is that what we're seeing as the western world is

now we're finding developed nations imploding under the gravity of their own debts well let's bring the rockwell in to tell us what he thinks is the exact. chairman of the ludwig von mises institute and author of this book the left right and the state and it's such a big day it's really good to have you on the show lou and nice to see you as always thanks for being here good to be with you absolutely so let's talk about greece because it really seems like in the past we've seen these negotiations and maybe some political theater but it felt like political grandstanding and like this was going to get done but now you really have some material difference one being one that i referred to which is that one of the coalition party leaders is that he may not sign on to this so my question to you are we reaching the point where the economic realities of debt deflation and depression are reaching the point where politicians can no longer control their society as they become accustomed to doing in the west. well politicians of course shouldn't be controlling society but let's

hope that greece and does does indeed default that's the best thing for the people of greece the people who hold the bonds of the mostly the big banks in western europe and in some in the united states who whole you who will the greek government bonds the people of greece never agreed to pay these bonds these bond should be defaulted upon and greece should get a fresh start but whatever happens in greece the greek people should be deciding it not the international bankers and of course that's who's running things that's who runs the i.m.f. that's who's in charge of it would like to be in charge of greece of italy of all the other countries that are having trouble and it's true in this in this country too it's the big banks and they are the ones being bailed out we hear about you know the greeks being bailed out the greeks have never been bailed out this is been the big banks that hold the greek government debt the government should never have issued that debt the banks never should have bought it but given both those factors why should the average poor guy in greece who is with the standard of living is falling because of the greek government and bank policies why should he be further

have a boot put on his throat by the i.m.f. and similar organizations the federal reserve the european central bank and and society general and all the all the other big banks where do they get off making him poorer so they can be richer that's an outrageous system morally politically economically and let's hope that greece is only the beginning default is a wonderful thing these debts who are the people who don't have to pay for these debts are not the ones who contracted for them they shouldn't have to pay and another great thing that happens when greece defaults nobody is going to lend the government any more money that is exactly what greece needs they need a government that would shrink so that the people can be enlarged in their role and make their own decisions yet and you point out a lot of great points and the fault which is something that leader of policy makers don't even like is on even even exist which is ironic. but one thing you said you said politicians shouldn't be making these decisions but yet in the west there's

really been this assumption that everybody's been operating under that economic problems will be solved by politicians policymakers central bankers by quote unquote leaders does this give not a theoretical but a very real tangible example that that assumption is false. well you know any of us want to think about politicians what kind of people do we think about do we think of people we'd like to have running our own individual i mean these are these are these are not the these are not the best people in society as if they hired famously said the worst rise to the top in politics and so these people don't solve economic problems they create a number of problems and of course they also engage in redistribution they take from some people they to take from the average taxpayer and they give it to special interests like the big banks military industrial complex i notice the greek government room one of these recent bail loads but a huge number of tanks but i guess maybe they would use against the greek people certainly going to for use against anybody else they rather than paying off things

they spend more so the politicians of the problem we need to do everything we can to decrease their role in society there and there are negative they never help they always make things worse and they live of course at the point of a gun everything government goes remember it happens because they order you to do it or they're going to kill you or put you in jail i mean that's the sort of mafia way too so just because they put on a government suit and say they're a different so they're serving the you know the common weal it's a close ally and a joke so to the extent that this undermines politicians in greece and everywhere else in france and germany and in spain in the united states that is exactly what the world needs well and you know it's really interesting that you took that you talked about the wall transfers because appear periods of its social problems and a lot of turmoil is where you see that happen a lot in the united states you can think of two thousand and one and two thousand eight hundred very pivotal times where you saw wealth and power that consolidated

into the hands of the government or the hands of certain elites but you saw these wild consolidation in europe you've seen this with the opportunity for more fiscal consolidation and moving more together into a union so my question for you do you think that europe will in fact bridge this crisis and move towards more of a united states of europe. i think that would be the worst thing that could happen to europe it's been a very bad thing in the you know in the united states some of jefferson i was warned against consolidated government as just being an outrage we want the central it's a they said we have a government at all we want to decentralize so what's already happening in europe so that the the nations of europe seeing their their political thorough authority if it's going to be exercised at the smallest level possible to transfer it to brussels to washington d.c. or you know a lot of people advocate a world government this is this is tyranny with a capital t. so to the extent that the greek crisis and other crises in europe which of course

the consolidators angela merkel and the rest of these people are trying to use to create a centralized state in europe where all the power goes to brussels to the extent that can be undermined by these crises for a do you think that it would be even possible to move towards more of a united states as year after or that kind of thing without permanently compromising the sovereignty of nations like greece no no it means of course abolishing the national authority that means abolishing nations and they want to just have you know just one entity called europe there is no one i mean europe is a conception on a map and there is no such thing as as europe except on a map these are their individual countries and i think all these individual countries themselves of consolidated germany and italy or are really many little individual countries that have been consolidated into into nation states that was a mistake too but to compound the mistake by having a regional government that would control all of europe just

a terrible thing taking away people's freedoms making the poor or making the government however in the government special interest the banks military industrial complex pharma medical complex all the big interest groups they of course do better but the average people get stepped on well and do more broadly we've seen the last plunder other countries we've seen in western countries use financial terms. loyal to force for example privatization so we've seen it more in developing countries than in the developing world now that the west is where all of that debt is and we see western nations indebted are we seeing the last turn that model onto itself boy that wouldn't be great i mean sell of the national parks and be a great thing sell off federal government in the united states owns most of california most of the most of many states sell all that land to the productive private use and the government owns just vast resources that has no business owning

even if one believes in a in a government and so you privatization is absolute the way not typically of course the way it's happened in developing countries it's sort of a fascist privatization in other words the government will pick some some privileges to a private group to privatized to still it's better it's better that the resources be in private hands in the be social laws so if that was a concept one problem if that was a consequence you would advocate for demetrius up in us want to jump in here for a question as an argument so i actually want to stick on the thing with the privatization isn't there though a difference from what you're advocating to what we're seeing in the case of greece or in latin american countries where under duress of debt they are forced to privatized everything and then eventually they do default. well i think you know i must say i'm for i am for that could be my slogan privatized everything because i i do agree with that and i don't like it as in greece when it's you know it's a special deal for this for the insiders. on the other hand it's good to get

resources into private hands socialism is an economic is the worst economic system there is so the more the government owns the more the poorer the society so even though it's you know it's i don't like to sing this stuff go to the bankers i mean that i'll agree that's a moral outrage but the government's too big and greece like it's too big in every single country the governments need to shrink and one of the ways they can shrink is to sell off some of the property their hold that they have no business holding and you can you could sell it to if you wanted to environmental groups or to be developed for farming to be developed for tourism to be developed for human beings to live and to work and to produce that's what that's what human society is all about not a monopolist like the government holding things off the market and acting in cahoots with the special interest against the interest of the rest of us and i want to continue this conversation and bring it at the next part of our show to both the federal reserve and also to. kill nuclear plants have been our nuclear reactors are

have been given a green light by by u.s. regulators for the first time in thirty years so the interesting to contain this conversation and both of those topics that we've got to get a break quickly but we will have more with lou rockwell he's chairman of course in the lead with funny faces in. and still lead ladies ever want to occupy the time of a wall street man we'll give you our three cents on the reset how to article on that topic but first your closing market numbers. to the same. people calling like you said for free and fair elections. and we're still

reporting from the same as you can hear behind me loud explosions. in the. pepper spray let's just burn gerard's right right i mean it's like a derivative of actual pepper it's a food product essentially was i was so much stronger than anything you'd be biopsied loses thousands of times i'm stronger than any one of the harbor you ever put in your.

welcome back let's stick to the u.s. now let's talk about the trust deficit congress is working on banning insider trading amongst themselves meanwhile house leader and financial services who put forward his own insider trading bill late last year spencer baucus is now being investigated for insider trading meanwhile there is a report from bloomberg that the federal reserve secretly selected a handful of banks to bid for debt securities bought by taxpayers and the bailout does not sound fair at all and the first nuclear plants in the u.s.

are approved by regulators this is the first time since the three mile island disaster thirty years ago and the dissenting regulator says hey we should have required the company to implement the lessons of fukushima yeah sounds like a good idea let's bring back in here executive chairman of the ludwig von mises institute author of this book the left the right and the state to talk about these stories to bring this home to the u.s. so let's skip mr rockwell for a moment the stock act the insider trading thing because i want to talk to you about what what everybody wants to hear from you about which is the fed ok so there's a news story that comes out that the fed only selected a small handful of banks to sell these death securities of a.i.g. that the taxpayers own ok a great case to make for the fed being corrupt i know you're a critic but i want to play you what dean baker he's an economist said in a debate over this issue about why we shouldn't get rid of the fed is one of his reasons let me play that for you and i want you to respond there are. you.