more news today violence has once again flared up. saying these are the images the world has been seeing from the streets of canada. giant corporations are on the day . wealthy british style. is not on the right time with. the. markets why not. come to. find out what's really happening to the global economy with max concert for a no holds barred look at the global financial headlines tune into kaiser report on r g.

h. ok we're back with just for a few more minutes with chris hayes host of up at grace is on and i said b. c. and author of the new book twilight of the elites so we were just talking about this this scandal that you find yourself in the middle of i guess i want to restore

the firestorm rick's right because there were a lot of people that were the reaction they were really angry at you and so i was asking you know you then responded because you wanted to be sensitive to the viewers but because you also felt you had to interview to get pressure to do what was going to i mean you know i don't see things when i write a statement when i write something and i wrote a statement and then i said something on the show like i don't do that unless i stand by every word right i'm not going to say things i don't believe and so that's true of the statement i wrote it's true what i said on the show and ultimately i think you know. this is part of the territory of you know what we do on the show as we're speaking for four hours essentially off prompter we're trying to bring in a bunch of voices that are sometimes not represented and we're talking about controversial things and that that is going to happen at certain levels you're going to say things and phrase things in ways that you wish you hadn't and you just ultimately have to have faith that people understand that you are engaged in

fundamentally what is a good faith enterprise and we really are on that show and i'm i have faith that people see that they are one of the elite you know. the right of those i've really becomes florida starts to everyone else so the last things we just have one more minute to do is you know to bring it all together as to how we actually change some of this is you say that it's going to be up to the upper. the upper middle class the middle class in america to actually figure this out i think they're the source of political power that is the most potent because i think to them i think people the the poor the working class they've seen institutional failure for years way past this decade i mean if you're living in that housing project in chicago this decade isn't something new about institutional failure the people that have seen it the most the people it is radicalize the most the people that feel most betrayed. are those in the upper middle class to whom it comes as a shock in the wake of this decade and i think that's the source of a certain amount of political power for change rather than those that i guess that have been living in this underclass and have it your way to do it ask them to

a long time all right well that'll do it but thank you so much for coming on the show i really appreciate. you joining. us from. i well it's monday and as usual there was a lot of action over the weekend the greek population voted what was expected to be a make or break historic election and while the program new democracy party did celebrate a narrow victory and provide relief for those worried about an immediate greek exit from the euro monday brought bad news as investors freaked over spain's ten year bond yields moving past seven percent so did the big election actually change anything here to discuss it with me is anthony rand that as a director of economic research for the reason foundation and edward harrison founder of credit write downs dot com gentlemen thanks for joining me oh it was so

what do you say right because you see you have this this huge sigh of relief that some people. had after the greek election and then come back to monday and now runs just freaking out over spain and so we're back back to nothing changed nothing that existed because there's no there's no real difference between where we were at before this election and now the reason to continue on dragging out greece is pain a lot longer germany gets a little bit more time to shield itself for when eventually greece does have to exit exit the euro and maybe this is maybe this is this the salvation of the year olds really if it gives germany enough time to protect itself from the rest of europe from greece exiting but nothing's really changed so what you think that it actually could get better from here not necessarily worse i mean it has this also maybe done permanent damage to the euro in terms of just the mentality to be honest

with you i don't think that greece is where you are right on the money when you were talking about spain it's really all about spain and italy greece is a much smaller economy maybe the shock waves can actually have a difference make a difference but spain is a huge economy it's twice as big as the three bill the other three bill the economies come by and if that things happen in spain then the. well you wrote ten and ship is going to go down also point out of spain it wasn't just greece there's a lot more bad debt that sort of announced today and so those bad loans kind of like in the u.s. in two thousand and seven when just banks had were writing off bad mortgage loans one after another and just every month there was more and more of that buildup that's contributing a lot to spain's yields going up today as well if you you know if we go back to greece for a second i'll talk more about spain to you if you look at the breakdown basically you know some people pointed this out that the anti bailout versus pro bailout votes it really was kind of a fifty fifty thing here and so does that just mean that you know this lasts for

a little while and then six months from now twelve months from now eighteen months from now who know as you know we're just going to see this happen all over again and we're going to have to see another kind of election another emergency situation i think the same greece will eventually default on a lot of its debt and will have to exit the euro whether that is you know in a month from now which might have happened. last versus six months to now for twenty fifteen it's going to happen and really what this election did was it's going to if it's sort of a vote for let's continue to try fake austerity because it's not real austerity you know people are getting you know it's it's sort of going halfway halfway down the road but eventually greece what do you my fate austerity why why is there not real lives are being of that people people's lives i mean affected absolutely but greece is not able to go through everything that needs to to be able to clear its debt way it's not doing there's not enough that they can cut to be able to pay off their

debts there's not enough that they can make right now to be able to pay off their debts and so it's just not getting to the point where they're going to be able to cover it all so eventually they will have to default so it's forcing them to go through pain that if they would just exit the euro now and go back to the drachma devalue their currency. that they would suffer it all now. not later instead we're just going to go to the store like it and then make it go on for short term pain i think. it would use a macro that's exactly where i am as well it's that basically they did vote for a longer economic depression that's what they've done because of ventura lee they're going to have to default they just can't take it and what he's talking about in terms of i wouldn't call think austerity but you know they just there's not enough for them to cut the debt is too large they need to cut the debt it's not about us there it's about too much debt and if they don't cut it. never going to make it so they should cut it. instead of waiting and going through another you

know three or four months of pain before they realize i'm never going to make their talk and even beyond the macro to the simple fact of the matter is greece has had these problems for decades and decades the way their government works the way that corruption is based so when i say if like sort of false austerity here what it is a lot of it a lot of it they agree to these targets and they never even go through them they go through a lot of them but you know a lot of the jobs that they say they're going to cut they don't cut a lot of the program spending they say they're going to cut they don't do and they missed targets and that's one of the big problems right now that they're looking at going to be able to miss the targets on their current bailout and so it's not even really the austerity program that was written up for them that program assume that somehow greece could change overnight it's sort of like deep internal make up that just that just can't change that way and obviously a lot of division there too. but greece has obviously been in the news and everyone's eyes have been on greece and then you still have italy and you still have spain and spain is the fourth largest economy in the euro zone and so you know

what happens there right because we keep asking these questions of what are the referee caution is how it can affect the global economy if spain does exit or if it doesn't regardless i guess it's been ok for the u.s. for now because everyone's just buying up you know our government bond but this is spain what kind of you know what kind of a shock that they like you know the euro could never make it. they can't even bill it's been spain's two laws you were saying they're the fourth largest economy in the reality is their bubble was monumental we're not even halfway done with the write downs and need to be taken property prices wouldn't go down much for the the whole spanish banking system is installed basically so the question is how do you deal with that the right thing to do would be to write down the debts you have to hold his wife. take subordinate write that down as much as possible and whatever's left over then you have to see how do you deal with that is going to be a national level the super national level but they're not doing that instead what

they're trying to do is heap all the burden onto the taxpayer and people are saying you know the taxpayer can't take it now she'll just shooting up seven point three percent and the taxpayer you know the sovereign could default as well how do we put this into perspective with what's going on at the g twenty right now right where you start to have to ask questions about this grouping of you know the top economies in the world or the fact you have business leaders coming in talking to them there and saying that we're waiting for you to act you know can the g twenty which i love that everyone is the business leaders are sitting around saying that they're waiting for governments to act rather than i don't know investing their own money hiring instead of just sitting on it but it is the g twenty kind of powerless because of you know what's going on in the euro zone the g twenty right now it is all one massive game of diplomacy nothing of real substance is going on with the exception of figuring out who's going to pay for pay more for europe like you know

china we're going to kick in sixty billion sixty billion bucks to help pay for problems and you know it's convince india and brute brazil to their own a little bit more the u.s. trying to sit on the sidelines but let's be honest you know the amount of money we have the i.m.f. and them out there will probably continue to put into it we're continuing to bail out portugal and spain and in. greece and hopefully not italy the simple matter is it's all one just game of diplomacy trying to figure out who's going to make what steps who's saying the right things everything sort of pre-agreed upon and everybody is just sort of fighting about how much to blame europe for the global economic mess what do you say i praise read up on. it is definitely political nothing's going to get solved in the real reason is because the europeans already said look you know we're not going to take lessons we're not going to economic lessons from you and what they mean by you is the united states brazil india and china and that means that we're not going to be able to go and say

you don't need to do this you need to do that so there's going to be nothing solved by that but at the same time the europeans are actually we're going to have to be out there saying it's all your fault it's all your fault because after all we've done everything correct correctly and we're going to have an election and this is why you should vote for us so that's really what's going to blame game right everyone falls. out of the thank you for joining me tonight i think you. are coming up on the show joe lieberman it really wants to crack down on the going to have details in our tool time and happy hour new. headlee and the fight between chris brown and drake bottle service.

me it is easy to see. you.

our guys have time for tonight tool time award and tonight we're giving it to one of the members of the three headed warhawk monster joe lieberman now when he's not

advocating for america to be involved in every conflict on the planet we were like to take time to go after leakers and trust me he really really hates weekers in fact any classified word cable or really gets into the public discourse he is opposed to it and that includes the recently from the obama administration to the media obviously so what he joined general hayden on fox news sunday joe renewed his calls for a special counsel to determine who should be held responsible for their produce lips this is special counsel avoids any appearance of conflict of interest special counsel's independent counsels before them were created for a situation exactly like this one so you are saying the u.s. attorneys have been appointed by general holder attorney general holder not enough special prosecutor. now only does one investigation of like the one seen under the last bush administration he took anti leaking tirade one step further lieberman

told chris wallace that we need to change the current law that is used to prosecute leakers the espionage act the recent series of leaks are the worst in a long time i think we're on a slippery slope where people think there's no accountability if you leak and we've got to change the law to say simply if you disclose without authority classified information you've committed a crime. so basically joe wants to say that anybody out there who leaked classified information without authority is a criminal talk about a transparent approach to draconian secrecy right now just for those of you who don't know despite what some lawmakers out there have been claiming leaking any classified information is not in fact at this moment a crime but lieberman's calls for a new law to fall in line with a bill that he drafted over a year ago called the shield act this is created shortly after the wiki leaks diplomatic cables up in the bill thankfully hasn't gone anywhere in congress but if it became law it would amend the espionage act making it a crime to knowingly and willfully disseminate classified information in any manner

preach additional to the safety or interest of the u.s. now it's read it's received its fair share of criticism and rightly so new york times geoffrey stone called it a plane by of a violation of the first amendment and a call for language to be reworded so that the act would only be limited to situations where our country was in clear and imminent danger because we all know how these guys like to use really broad wording things like the safety or interest of the u.s. and then apply that to anything and everything and just this week at the times out of there jill abramson touched on the issue at a conference saying the chilling effect of leaks prosecutions threatens to rob the public of vital information sources fear legal retribution for simply talking to reporters reporters fear of being subpoenaed in these cases and possibly prosecuted themselves and you know what i couldn't agree more abramson brings up a great point one that we repeated ad nauseum on this show think about all of the good information that's come from leaks all the information that helps voters make

more informed decision things like the obama kill list and those terror tuesday sessions the trans-pacific partnership cia black sites warrantless wiretapping watergate the pentagon papers say we're getting with this sometimes the government takes their oath of secrecy too far crossing gray lines that unless the public knows what's actually happening they don't have a chance of stopping it and this. secrecy that our government operates in is only getting worse in our war on terror state that's not what this country supposed to be about we're supposed to control the government not the other way around so transparency is what it all really comes down to but people like lieberman they see it all as a game it all comes down to politics you see the connecticut senator says that it's in obama's best interest to share what he does behind closed doors because well it makes him look tough but like i've said before lawmakers who are making a fuss about the leaks are also playing politics because after all it's an election year for them to a while lieberman is retiring he wants to make sure that our country he's running

this secretive well oiled military industrial complex because he probably wants to make sure that it's humming along quite nicely for him when he needs a post congressional lobbying job so his appearance on fox news sunday works out to his benefit and of improves his chances of getting some votes for his shield act the same one that would wreck the wall secrecy between the media and our government so for trying to make a new draconian law it would make the us government more secretive than ever and brings a first amendment under attack while keeping voters in the dark joe lieberman is tonight's tool time later. our guys it's time for happy hour and joining me this evening alone a show senior producer jenny churchill and comedian brian peery hey guys thanks for joining me so i don't know i think was this friday when this when this news story broke we were to fail over. but there was

a big brawl in the music world. i think last friday or maybe over the weekend take a look. at the brawl between two of music's biggest stars chris brown drake and their bodyguards trast a new york city nightclub early thursday morning in a bloody fight that seems to have been inspired by reoffend. now i have my own opinions on that but let's look to. share they do tell oh you know you know how much i love. i'm into every on a story but i kind of i kind of like the fact that drake is going to kick chris brown's but someone wants to do it right ok what's happening in response to this is new york city council speaker christine quinn then decided that she was going to try to crack down on bottle service in clubs and they basically want to ban it to prevent the bottles from being used as weapons you know i'm actually surprised the

occupy wall street didn't latch on to this before this and take down those elitists with their bottles making everyone else feel bad while they have to wait at the bar i'm all about banning bottle service i hate those that you're going to because i just had the conversation with the earlier guest who called me in a late is for defending bottle service but yes i think bottle service in and of itself is ridiculous but because somebody is going to buy that or them you're going to see on it thousand dollars and you can have bottles of grey goose everywhere wait in line like i have to that's what i was like i think i'm closer i think i can solve the problem if you just make all the servers where you can not want to go to the easiest way dive bars were all equal. only plastic bottle liquor it'll be cheaper and it's safe because you can't throw the glass around so it's ok i mean you don't you can that's like you know where they have to. pop off make them pay like six hundred dollars for a bottle of pop off yeah that's great. you know i mean obviously i can't imagine

that this is going to pass the bars makes so much money from bottle service there's no way that they're going to let this go i would never happen but thanks to thinks america bloomberg now people think you can just ban everything it's not ok. should be a free country. we have. my favorite stuff too we have my favorite thing . today but it's safe. so first of all we have the landing of the super secret space shuttle take a look. at secret i manned spacecraft reportedly returns to earth after four hundred sixty nine days in orbit the air force will only say it was doing for their men and will be sent back up to space in an atlas five rocket. so they won't tell us what this thing does i mean this is the air force's secret spaceship it's called the x. thirty seven b. was just up there for

a year something like sixteen months i don't know. i don't think so but i want to know so badly it's up there for fifteen months that's almost like two babies you can make two babies in that amount of time well that's never i would never think it is. but i mean all smoker you know you know i'm going to almost two babies no i think is it's a lot of money to not know but i guess we can't really know but i don't we can't know how you're going to be in the summer. you know we had you know you don't know whether i disagree with that because it could be really important stuff we don't need to know about more important but it could be just trying to impress women which is a man drone we have no idea what we have known so it's it's a drag it's a lot of money i want to talk about it but we don't know and apparently according to brian we don't we don't need to know we don't need to know right because the government knows better. secrets for a reason. i'm happy i'm happy you're falling into this. i mean who knows some kind of surveillance and yet i'm sure they're just like spying on everyone's backyards

being like it's really important guys were taking pictures of topless women by their pools i have a feeling it's more sinister than that but. maybe all right let's move on to the next one which is. there every time that a big sporting event comes around or maybe it's more based with soccer and you know it's really really destroyed dr but we have these psychic animals and before what was the octopus is named paul we had paul the octopus during the world cup was predicting that piece paul who is now no longer we now here is. the psychic chicken take a look. we've got to have the psychic chicken from. this one is full of the. can be so if you take you here. you think it is so heavyweight clash between. not going to go down well. yes kevin is exciting because he only at

fifty percent. has is so psychic he can keep with the odds of choosing one of the other you flip a coin you've got a fifty fifty chance well. fifty fifty on it she can give him a break how do you think you're perfect with the. he's doing well he's doing in the beverage pretty good right boring. through the last one which is just so stupid so check out these shoes are made by deed as i think we have a picture of them they have bright orange shackles the federal the wearer's ankles they're called the j.s. round round house mids and they're scheduled to be released in august and people are angry and say that they promote slavery i don't think they will look to kill us yeah i don't think that's a practical that's not a practical shoot at all. we have an obligation is that there are so high that you

have to shackle them to your ankles to keep them on your feet no one's going to steal them from you can fall asleep on the way i don't know if you know your community or the change just down to the shoe or they chained together changing the back of an individual shoe i don't know i just want to know are these the shackles of you know the college sports system and the slaves that they keep in the form of athletes are these are the shackles of you know the radiologist resonating in the south america yeah are these all shackles of the poor that i only hope to get out of you know i was there i got to wrap it up because they're running out of time and you guys can discuss this after the show thanks for joining me about it but a night show thanks for tuning in and make sure you come back tomorrow numeric about. station steve clemons is going to be on to talk about the g. twenty in the meantime don't forget to like a lot of show on facebook to follow us on twitter subscribe to our you tube channel watch everything at hulu as well and coming up next it's been.

wealthy british style. that's not on the title of. markets why not come to. find out what's really happening to the global economy with max cons or for a no holds barred look at the global financial headlines tune into kinds a report on our. me gave. me. the. easy. six.

live nation and free liquid intake should be free liquor store charges free. range and free list.