now the nominating process is over tonight happy to announce i'm going to be supporting governor romney ron paul's son makes a major political endorsement iran's backing of mitt romney is not sitting well with a loyal ron paul supporter tonight we'll take a look at ron paul's legacy including his appeal to young voters and his views on foreign policy and big banks might be too big to fail but kim dotcom could be very well be too big to jail that's because make upload servers are simply too large for prosecutors to extract evidence from bringing the latest in this cyber crusade. if you're goes into a recession that means we're selling fewer goods fewer services and that is going to have some impact on the pace of our recovery from president obama point

his finger he's got three more pointing right back on him and this is an election year so let the blame game is begin while politicians point fingers at main street americans suffer so who really is to blame for this economic mess. friday june eighth four pm in washington d.c. i'm abby martin and you're watching our team. like father not like son in a shocking turn of events last night ron paul's son rand paul came out on the hannity show on fox news to make a special announcement. my first choice had always been my father i campaigned for him when i was eleven years old he's still my first pick but you know now the nominating process is over tonight happy to announce that i'm going to be supporting governor romney his endorsement for presidential candidate mitt romney

it was a blow for ron paul supporters who are still rallying for ron paul and at the very end of the game so what does this indorsement mean and you expect ron paul's endorsement for mitt next to join me now to discuss more as lou rockwell chairman with the von misses institute so lou what's your opinion on this shocking endorsement to say the least and on fox news to boot. well i don't it's too bad it was on hand to you after all is an enemy of ron paul but i think it's not i think it's not a surprising announcement at all rand has always made it clear that he's not a libertarian he's a republican conservative and it was always very much in the cards that he wouldn't endorse the nominee in fact he's been saying that for some time so i don't think that's a surprise but i think it's a sideshow i think what we have to think about is first of all congratulating ron paul on all he's done on the millions of kids he's brought into the liberty movement not only in this country but in foreign countries who is educated about

austrian economics and issues of war and peace and the police state and so forth and that all goes on and i would say intensifies once the political stuff is out of the way because i must say i think you can actually change the regime from the inside anymore you can change the mafia from the inside so it has to be done from the outside now ron paul is going to be working as he always has as a lead from the outside in an educational way not in a political way and i think we're going to see many more victories from iran and from the poll movement is just not going to be part of the the political will oh baloney that goes on in washington lou i know you're saying it's not really a surprise but a lot of people on the blogosphere are very shocked and are saying you know he's a sell out i want to play you a clip really quickly of him talking about how we should audit goldman sachs if we could roll that really quickly this is before he joined the senate will get together very wealthy people who i think manipulate and use government to their own personal advantage and i think that's the biggest thing that would help the scum

that. they want to make it out like they're just to help humanity and world government to be good for humanity guess what role government gets in their pocket the people who they don't it may be like goldman sachs and different banks that are making a lot of money off the u.s. taxpayer so the special deals are getting with the federal reserve so there he is presented talking about how we should audit goldman sachs also kind of criticizing the bill. the bird group there and we there is kind of speculation that romney was at build a bird and here you see and here you see you know goldman sachs is the top donor of romney's campaign i mean this is kind of a one a in his rhetoric well romney represents just as a bamma does represent the oligarchy the republican party is run by an oligarchy it's why it can't be taken over by the people same with the democratic party the plutocrats run everything and as to auditing goldman sachs my emphasis would be let's take their money let's take their tax money away let's take the special loans

from the federal reserve take all their privileges away and let them be in the market and let's see what happens to them i'm not for fraud in them and the government doesn't do a good job of auditing anything after all they can audit accounting and government there are not two words to go together so let's take this in the bigger picture lou you know you're saying that it kind of always has been about the idea and not really about one person but once again i mean there is a massive disappointment right now from ron paul supporters are saying saying you know what happened i mean we're still with ron paul to the very end i think people say that we're still going to vote for him but then you see ron paul kind of coming out and saying we don't have enough delegates it's kind of over what do you think's going to happen with the liberty movement of his own son kind of cells in our endorses the rival here well i think you know rand realizes that the ron paul campaign is over been over for some time and in fact recently pointed out he can probably count on two hundred delegates that's out of twenty four hundred delegates

so of course he has no chance to win this nomination he fought a great fight he fought a very hard fight he touched as i say millions of hearts and minds most of them didn't want to vote however. and but now they're voting. for ron is over and it's going to be other other things besides voting some people will still write him in but some you know some people still have had the view which i guess is charming but slightly and persuasive. this is all a secret strategy to surprise the romney and win the nomination and you know they're just they're they're not they're not fully in reality so the ron paul campaign ron paul's effort in politics as magnificent as the been for decades and all the great things that he's done although i would always argue educationally rather than ever changing politics itself which is i would say a mug's game but he certainly has used his political status as a soapbox to teach the world one of the great things one of the wise you know such a great man the greatest man of our time maybe will be looked back on that as just

an extraordinary human being. but i know you know that's the way he used politics was never guy who you know scratch scratch your back you scratch my no vote for your bill you vote for him on you vote for my corruption all vote for your corruption he never played those games ever so he's never really been part of politics as we think of it normally he always has been outside of politics now he's going to be completely outside of politics and he still is dedicated to all the same ideas he's laid much more groundwork with all the great college speeches and other speeches he's given and now's the time to plant the seeds and and grow the crop and he's going to continue to do that he is not through with this fight lou i don't think i fully people are just i think people are looking at this whole thing and just kind of hoping that rand paul would pick up where ron paul kind of left off i mean he is pretty strong the civil liberties front although he never really emulated his dad with foreign policy and the anti interventionism stance but i mean

you're looking at the entire g.o.p. establishment you as a libertarian know this better than most that they've shut out ron paul for so long that even though i'm at the g eight in two thousand and i mean so why cater to an establishment party that shut out what your morals are this whole timeline well i'm not for catering to these this is a disgusting bunch after all they're for torture. they're for concentration camps the for war they're for drones in your backyard go down the list of all the horrible things the federal government is doing they're all for them so you know i'm not for catering i'm for just forgetting that if you think that he i know you are already know that i wouldn't go do you think that is catering to get the v.p. nomination here well you know i who knows i mean rand is probably a possibility for the vice presidency or more if not this time the next time but you know he's a different person from his that he's not he's not a copy of his that he has his own views his own career he's been very successful

you know very successful and but if he's just different so i would say the people who expect him to be a genetic clone of his dad that's not true and how could you expect that they're different people all i would say is in my view part of you know partisan politics electoral politics is is really a corrupt game it's a grim involves all kinds of corrupt bargains and one shouldn't participate in that so i think that this is a show you that people should just not rely on politicians at all to their bidding and just be voting every day with their actions. well they shouldn't bother to vote it's a pain in the neck your vote doesn't count unless otherwise the election's a tie and it's just a good but buttresses the regime so you shouldn't vote you shouldn't be involved in partisan politics but you should throw yourself into the struggle for liberty just educate yourself help educate others and get people to withdraw their consent from the government the government has to be brought to task from the outside it cannot

happen from the enzyme if you're in the inside ron paul's that exception to this rule but you know the typically if you're in the inside of the government you become almost instantaneously part of the problem and. just say yes or no to wrath of the second do you think that we can expect ron paul to come out with his indorsement next for rahm i don't you know i don't think so i don't think the run will be endorsing obama when we know that he didn't endorse chuck baldwin and two thousand and eight so i would be very fascinating to see what on the felonies next he didn't endorse john w. bush nor did he vote for him either. thanks so much for joining us leo you little rock will chairman with the lewd vig on mrs institute. still ahead here on our team megaupload is in some mega trouble firestorm coming from u.s. authorities as do you rail the website and taken ken dot com to court the prosecutors may have bitten off more than they can chew we'll tell you how next. pepper spray that just burns your eyes right right i mean it's like

a derivative of actual pepper it's a food product essentially. the same much stronger than anything in the bio labs it is thousands of times was stronger than any kind of ever put you know i. i. r t is the state run english speaking russian channel it's kind of like. russia today has an extremely confrontational stance when it comes to us.

the mega case against mega upload is still at a standstill the prosecution says it cannot gather enough evidence against mega upload founder kim dotcom and it time in the matter because they're simply too much on the servers this comes after a local court ruled that the confiscation of his fortune was illegal now in new zealand won't extradite can until the evidence against him is fully accounted for so what's going to happen to the fifty million user accounts data that was shut down with the takedown of mega upload and what does this mean for copyright battle and internet freedoms at large aaron swartz founder and executive director of demand progress joins me now aaron can you give our audience a little update about what is happening with the extradition case right now. you know well it's interesting because mega company has provided two defenses one is that there's been a whole series of government misconduct so for example like you mentioned the government is refusing to turn over the actual evidence against nick upload it it's been alleged that they made it legal copies of some of the information that the

government has lost some of the key evidence all sorts of various examples of misconduct and mishandling of the case the other is that the you know the entire case is a mistake that the u.s. government is trying to pursue once and for a registered corporation megas register in hong kong in u.s. courts and the company argues that you know you can't sue a foreign corporation in u.s. courts they have to pursue it in concordance what do you think about the f.b.i. is saying you know the data is digital so it's not really like we stole it it's not tangible i mean isn't it kind of hypocritical when you're talking about a copyright case and yours stealing data. i mean so that the government was told not to share they have that the f.b.i. was not allowed to take the data and so the f.b.i. has defense as well we took a copy of the day and we didn't take the data i mean you know like if they're going to use that kind of argument it seems the whole case should be thrown out because everything that is being talked about is a copy of the let's all make up look did make copies of that so it's just

a totally bizarre argument for this case well about the real question is and i mean all these different i mean millions of users were hosting their data on mega upload and it seems like you know that we have independent lawsuits actually suing a saying i want my data back i was completely operating within my legal bounds to host data on their i mean what do you think's going to happen to all of these users do you think they're going to get their data back. it's been very hard i mean at the moment the government is refusing to give that they had a back and it's unclear whether the courts are going to overrule the government and let people have their data back but i certainly hope so i mean it's completely ridiculous you know i mean it's an example of how ridiculous this entire case you know the government claims that what mega upload broke the law right ok that's a reasonable dispute to have you know the law it's very ambiguous copyright laws famously unclear and so if they want to go to court and try to clarify the law i don't have an objection to that what's crazy is to say oh the laws unclear you

might be breaking it or we're going to do is throw you all in jail seize all of the data shut down the entire website take all of your money and then have a decision about whether what you did isn't legal and it's just crazy i mean you can't imagine any other business in the world being treated this way you know if it turns out that the banks broke the law can you imagine them arresting all the bankers shutting down all the banks seizing all the money in all the banks and then having a court case to decide whether what banks did was criminal or not it's just outrageous and what about the the local enforcement of new zealand saying that it wasn't illegal and that he shouldn't have gotten his fortune seized. yeah i mean it's interesting that this happens you're taking place in new zealand because new zealand has been one of the few countries pushing back against the united states and some of the most extreme excesses of our copyright law so once again we've seen them push back and say look you know a lot of this stuff is just unreasonable you can't claim like one of the arguments the government has made is that every single penny that megaupload has ever made is

criminal and should therefore be seized by the united states government well i mean you know make up may have had some illegal uses it may not but it's ridiculous to say that everything on the upload was criminal and that it should all be used again it's just this extraordinary overreach by the us government and we know in fact that that's not the case i mean there is a millions of people hosting their data there is different at joann's of user data on there are a lot of say ninety nine percent was probably you know doesn't fit that parameters but erin do you think that this is just the content industry having the government do their bidding for then i mean this did happen days after sopa was knocked down and then we saw t.v. shack a website that simply links to copyright data on other sites do you think that was kind of a message that the federal government was sending from the content industry yeah i mean there's no question that the content industry is behind all this i mean we saw another example of the government just testified before congress recently about

a case which they see as the entire website of the hip hop blog because it linked to a couple of m p three files that the government claimed were copyright infringement well it turned out those m p three files were sent to the blog by the label they were part of a promotional tactic and yet the government sees the website for an entire year while they we now have four years to show this with the record in. they could have the record industry invent a case for i mean it's it's very clear from the internal documents that all of this is being put on by a big industry and it's ridiculous the government is doing that so what do you think's going to happen and is this a losing battle and just kind of these overreaching federal moves to shut down websites like those i'm more of just going to springboard in their place what do you think's going to happen. yeah i mean i think what we're seeing now are kind of the death throes of the traditional industry what we've seen is a bunch of middlemen sprung up and made their money off of exploiting artists

exploiting customers and instead they're being replaced by a more efficient system where artists can communicate with their customers directly but things up on the internet make money directly from making their audience happy and of course there are a couple of companies who have made their business off of exploitation or want to be able to sit in the middle and kind of leech off of the productive people in society so they're going to keep getting more and more desperate and we're seeing more and more desperate moves like this but you know in the long run i don't think they have a chance of succeeding thanks so much for joining us the devil an important case to follow and we'll be touching base with you later about it for its founder and executive director of demand progress we're going to take a short break but stick around and let the games begin but i'm not talking about the summer olympics it's the political blame game that has republicans pointing at president obama and him going overseas but in the buck supposed to stop at the president that story next. it's line of american power

continue. things are so bad. might actually be time for revolution. and it turns out that a popular drink at starbucks has a surprising him radio. i . love the capital account i'm laura mr. all right folks well just the beginning of

june and presidential elections are only five months away and the number one topic on everyone's minds the economy may's job report gave the g.o.p. the ammo needed to attack president obama's recovery plan and his bid for reelection but today president obama found a new scapegoat for america's economic woes right now one concern is europe which faces a threat of renewed recession as countries deal with a financial crisis obviously this matters to us because europe is our largest economic trading partner. so of the two thousand and twelve blame games begin for what all this finger pointing going on millions of families in america still can't pay their bills so how much is congress willing to risk to help their candidate when to answer that and more i'm joined by dr paul craig roberts former reagan administration official thanks so much for joining us dr roberts what do you think about obama's speech and kind of shifting the blame on europe at this point. well

you know the policy failures that predate. and i think more is going on than him just blaming europe i think is the bigger a bigger mess washington and wall street and the us media are trying to keep the focus off the worst the worst of the worst condition of the u.s. financial system and the eroding support for the u.s. dollar as the world reserve currency and they do this by constant talking about the european union crisis but the worst crisis is in the us and obama is less responsible for the us crisis than are the republicans who initiated it you see the crisis began with the all showing of jobs in order to boost wall street profits and the performance bonuses of corporate c.e.o.'s and the next leg

of the american crisis was the financial crisis and this was caused by a deregulation of the u.s. financial system and the deregulation transformed the u.s. financial system into a gambling casino in which bets are made but they're not covered except by taxpayers so all the talk about europe is is covering up more than obama's failure. is covering up the far worse financial and economic problems that exist in the united states. dr robertson said that this was facilitated by republican policy but i mean you you you can't deny that them a crowds have also continued the failed policy you mentioned the media's complicity in kind of shifting the reality away from american economics and the true woes of what's going on here what why do you think the media is playing into this well

they're not independent are they i mean. during the clinton administration and the u.s. media was concentrated and it's now owned by about five big firms it's no longer run by journalists run by corporate advertising executives the value of the corporations are their federal broadcast licenses so they don't want to fish and washington or the powers that control the government so we can't rely on him on major ports and no i'm not making any excuses for obama of course not i mean how can you make excuses for a man who sits in the oval office and draws that list of people to be murdered without due process of law i don't have any excuses for any of them i'm just saying that is long is the united states can't keep the focus on europe it can keep the focus off its own far worst financial problems there are two hundred thirty

trillion dollars of derivatives of which ninety six percent are on the books of the five largest u.s. banks this dos in a count of financial crisis in europe so that europe crisis is a useful thing to point a finger at so no one looks here. so what do you think the answer is seems like their answer is print more money bail out countries at the expense of the taxpayers of those countries. well in europe it's to force the people to cover the losses of the banks by giving up pensions employment social benefits that sort of thing and of course in the united states there's a tremendous issuer of debt in order to keep the banks solvent and the burden of that debt ultimately falls on taxpayers so what is what is.

the same in both countries in both areas the united states and europe is that economic policy is focused on saving the banks not saving the economies and it's not clear you can do both and let's talk really quickly about may's job report very dismal report unemployment is now at eight point two percent not good for obama at all and republicans of course are using this as fuel to fodder and romney's response to this was kind of just saying well you know we should take a cue from wisconsin what do you think about that. well they can't do anything about employment because for the last twenty years both parties allowed all the middle class jobs to be moved offshore the manufacturing jobs are off shore the professional service jobs such as software engineering certs design the cans are

jobs american college graduates used to take their offshore so if the jobs are offshore you stimulus programs can't work because there's no employment to stimulate the people back into the employment in india's thing china is cinco rare it's somewhere else and they refuse to acknowledge this fact and as long as they have blond that fact they're not going to be able to do anything about employment that you can't employ people when the factories a closed and when the engineers that the big firms that market to america use or chinese and indian or for that matter russian and he also said in his speech that the private sector is doing just fine. well it's not course not. it's collapsing. look you have to have

a minimum one hundred fifty thousand jobs every month just to stay in equal with population growth. you know when they say the unemployment rate is eight point two they know that's only the headline or that right the actual unemployment rate if you count discouraged workers the official government rate for discouraged workers is about fifteen or sixteen percent. dr dr roberts we're running out of time it seems like you know it is a lot of rhetoric and thanks for cutting through some of that and for joining us today that was dr paul craig roberts former reagan administration official and that does it for now for more of the stories we covered go to youtube dot com slash r.t.m. america or check out our website our two dot com slash u.s.a. you can also follow me on twitter at abby martin up next the capital account with lauren listers so stay tuned and we'll see you in a half hour. the

issues that so much could be going to make a lot of people here easily look at lunchtimes with the with the greek economy in tatters and spain on the financial right the future of the monetary union looks anything but bright.

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