family who owns a donut shop in his neighborhood in kentucky who went on to have children who are valedictorian. really focusing on the republican message which you know i will say seems to poll very well among conservatives which is the rebuilt that long line said by president obama when he was referring to the fact that you know it's kind of it takes a village it takes schoolteachers it takes people who help you along the way to have a successful business it takes safer roads and bridges for you to be able to transport whatever it is that you're selling that line by the president of course used time and time again everywhere around this convention center and all around the forum where the convention is being held are signs that say yes mr president we did build that or we built it this is the line that rand paul focused heavily on in his speech last night i will i do want to mention he he did sort of touch upon his father's message and his message of far less military spending take a listen. republicans and democrats alike

must lay their sacred cow republicans must acknowledge that not every dollar spent on the military is necessary or well spent. so really very little is said by rand paul senator rand paul from kentucky about the oversized military he said you know the united states needs to be careful not to trade their liberties for a false promise of security but really that was so from the perspective of ron paul supporters and that's really who we've been talking to quite a bit over the last few days from their perspective a disappointing speech by senator rand paul because they really wanted to hear more of these messages that has really really drawn them to his father congressman ron paul from texas you know i've seen a lot of discussions on the internet today over twitter over e-mail people just

talking about how disappointed they are calling rand even just another member of the g.o.p. establishment and i mean it seems like that's what happened that he kind of stuck to talking points that are more palatable for the establishment g.o.p. is that kind of feeding these fears within the libertarian movement that rand paul who they hope will carry the torch is going to be more of a turn turn out to be a sellout. well you know you can say a sellout or you can say somebody who wants to get in by playing by the rules you know the common expression you can't govern if you can't if you don't win well perhaps that's what senator rand paul is trying to do he's trying to carry the ron paul revolution messages and do so in a place where he can actually implement them as opposed to you know this side movement which i've as we've seen over the years has grown has become very popular has become very large but you know when you break down the numbers ron paul you know couldn't get past this primary process to get enough delegate numbers in order

to become the nominee so perhaps you know and we don't know we don't know i got to mention this was we don't know what rand paul's speech looked like when he submitted it to the republican national committee for vetting we don't know if it's that whole lot more about the military industrial complex about auditing the credit pentagon we don't know what he wanted to say first but it seems to me was and this is just from my observation that this is a guy who's trying to you know play to both parties to play to the supporters of his father and also to actually be in office long enough to do something right christine thanks so much for staying on top of everything over there in tampa that was our tea white house correspondent christine for us out. the last night was the first time foreign policy was discussed some of the leading voices within the g.o.p. took to the stage to rally support for military intervention in syria despite this

the main headlines are of course v.p. pick paul ryan's highly anticipated speech first i think that personal narrative was the least effect the part of his speech to me because he did not feel very comfortable to me in the beginning of that speech giving it as he got into it when he got to really says where he it seemed like he felt more comfortable which seemed to be more policy oriented tonight really belongs to. mitt romney what do we know about how he's preparing for tonight steve we do know that he has practice you remember a poor boy that came out on sunday when he was and was fairly new hampshire at the residence there that he was practicing a virtual replica same teleprompter same distance on the teleprompter working on the speech we're told by the campaign he's a bit of a tinker were we hear there's a rumor that clint eastwood may show up. can you imagine dirty harry speaking at this forum steps from me carol costello i mean what a night it will be here's what i can tell you here's what i can confirm that the

romney camp is telling c.n.n. yes there is this mystery gas there will be all these character witnesses you know folks who worked with romney six staples during this holy city olympics and also when he was you know running the state of the governments in two states but we cannot definitively tell you that clint eastwood is showing up here. all this hype when we have political figures pushing for the u.s. to get involved in another military conflict take on the liza rice's remarks last night and she wasn't alone senator john mccain also blamed the president for not doing enough and syria and pushed for prompt military action. dictators in iran and syria but you're their people and threatened regional security when other courageous people for it for their freedom against sworn enemies of the united states american presidents both republicans and democrats have acted to help them prevail. and some headlines and print suggest military intervention is

precisely what's going to happen here's a look at a few of the obama threatens to invade syria the syrian foreign minister according to this year foreign minister u.s. is major player in the civil war from the washington post france urges action and syria and turkey to open a new syria refugee camps for up to one hundred twenty thousand. so it looks like the ultimate plan is to intervene militarily here a state department spokesperson victoria nuland as the secretary said we are only we're in istanbul we have to. first of all look at the hastening the day some of the effectiveness of what we are already doing the ground situation that we are seeing which is changing and evolving and what more could be done by our allies and partners to support the syrian opposition. but how does the public feel about another military conflict the polls say there isn't strong public support take

a look at this poll sixty three percent of americans favor a multilateral economic sanctions fifty eight percent support u.s. and its allies and forcing no fly zones two thirds support the idea of enforcing save havens inside syria by arab league by the arab league and turkey forty eight percent favor sending weapons and other supplies to rebels forty seven percent oppose overall a little support for u.s. ground troop involvement. whether discuss u.s. foreign policy and syria i'm joined now by cole bokken fell director for advocacy for the project on middle east democracy coal welcome thank you so what do you think about those figures overall it seems that americans aren't overwhelmingly on board with the idea of direct intervention yeah i think there's generally true i think some of the comments that you see from condi rice and john mccain it's interesting that those aren't reflective of the romney campaign's position that they're actually much further in front of him and his positions very consistent

with the administration at this point i don't think there's a lot of appetite for much more than we're seeing right now. as we just saw we saw mccain and rice really pushing for military intervention mccain really criticizing obama for not doing enough over there. and you could see it was interesting you could see the attendees of the event at the r n c they seem to be on board seem to kind of be in support but you don't see in the kind of you do not see the kind of passionate support years ago in private at the prior conventions where people were so ramped up and hyped about going into afghanistan going into iraq what do you think the reasoning is behind that do people not really understand the conflict in syria because it's more complicated more not as relevant what do you think i think i think of course the examples of iraq and afghanistan it was do very different time in the wake of nine eleven and people had much more of an appetite to go after our enemies abroad and the u.s.

was very much under threat by these regimes as to when not the case with syria it's a much more difficult case and that's why even the proponents of intervention will much more likely point to humanitarian intervention other than the extensional threat of this regime to the u.s. or its allies in the region right so it seems this time around that foreign policy is kind of on the backburner right doesn't have as much passion or there's not that much interest these days over much so i think even even among. in the new conservative the right community there's a lot of criticism about the romney campaign not speaking very very much on foreign policy and national security issues the way the republican party has done historically and essentially a lot of the positions so far have essentially boiled down to what we would we would do with the administration but we would do it sooner and tougher but when you really try and deal and tease out some specifics on that they're a little bit light and that's what i think a lot of the community would like to see more details on this new some alternatives to what they do right and but what we what we are seeing is these top figures kind

of taking this very hard line stance when it comes to syria and the u.s. off dead and what we have been seeing is taking this more non interventionist approach in terms of doing things not not as blatantly about doing things from or behind the scenes and based on that poll that we just saw it appears that that's what americans would favor and yet that is seems to be really at odds with what is being pushed by some of these figures within the g.o.p. why do you think there is this disconnect here well i think a lot of a lot of this sentiment is coming from the new conservative wing of the republican party where the ideas of intervention based on based on human rights and democracy and so on are still very popular and these are a lot of bush administration officials that still very much believe in that school that's coulthard is not one that's been primarily reflected in the campaign and as you mentioned earlier i think it's something where there's much of the same

environment the same mood in u.s. public opinion on how we're going to approach these problems do you think you mentioned the bush administration sentiment do you think that the romney campaign sentiment mimics that of the bush administration in terms of their hard line stance on foreign policy well it's a little bit early to tell just because they haven't really spoken in detail about a lot of this i mean what you can see is that a lot of the campaign's advisors their foreign policy advisers are made up of a lot of former admitted. gratian bush administration officials so it is you know you can draw those lines but i guess that i think on both sides of the debate people want more details to sort of see where they come down on these debates. we are seeing this rhetoric do you think it is a sign that military intervention in syria at this point is inevitable i don't think so i think there's a lot of rhetoric i think both the french president and president obama have recently sort of staked out red lines that i think were implied especially with the use of chemical weapons as obama said he said well that would change my calculus on

military intervention but but the signals a move toward intervention i don't think so i don't think we're close to there i think right now the strategy is much more undermining assad's support internally from different from different directions. you know we are based on this rhetoric is seems like there there is this this push to portray it as black and white the syrian. conflict in syria as a black and white kind of good versus evil almost this simple simplification of what is going on there do you think it could be a disservice by characterizing it like that when in fact what's going on there is quite complicated was divil a very complicated i think that's really would tendered the administration for making more decisive action a lot of what they've been doing is spending a lot of time really trying to get to know the opposition the differences between the internal opposition versus the extra opposition the implements of outside

actors where different communities fall on the spectrum and until they can sort of get a better map a better sort of spectrum of of this i think that will hold back really a lot of action in ok i want to switch gears a little bit i want to play a clip from you from newly elected dejection president mohamed morsy let's first take a listen to. our solidarity with the struggle of the syrian people against an oppressive regime that has lost its legitimacy is an ethical duty and a political and strategic necessity we all have to announce our full solidarity with the struggle of those seeking freedom and justice in syria we must translate the sympathy into a clear political vision that supports a peaceful transition to a democratic system of rule this will reflect the demands of the syrian people for freedom. ok so we have very strong words there from this from morsi what do you think he meant by by that what exactly did he mean by that kind

of support or i think morsi of course just just until recently until he came into power he was on the side of the freedom fighters the dissenters and so on and so i think he's sending a message to the syrian people that we're with you and this is a very big shift i think for egypt and particular i mean this message delivered in iran it will have big impact right call thank you so much for coming on and got me into this terribly appreciate it that was called back and fell director of advocacy for the project on middle east democracy. well it's been nearly three months since wiki leaks founder julian assange onj first sought refuge inside the ecuadorian embassy in london after being granted asylum by president rafael correa a legal firestorm erupted fighting over a songes fades but it has promised it will arrest us on to the moment he leaves the embassy making a trip to the airport all but impossible most recently ecuador as vice president

let him around all met with british foreign minister william hague to further discuss details though few details about that exchange have come to light so far the two countries seem to be in the middle of a strange dams and bridges spokesperson did say however that the two discussed are quote discuss the situation regarding mr assad his presence in the embassy of ecuador in london confirming their commitment to dialogue to find a diplomatic solution to the matter. as always for the latest assad and wiki leaks to an end here to our team. well speaking of wiki leaks accused leaker bradley manning continues to sit in jail waiting for his trial this week pretrial hearings resume to get again this time focused on allegations of his mistreatment while in custody to discuss these hearings and everything manning we are joined now by someone who has been following the case closely since the very beginning kevan gosper a fire dog lake kevin welcome so first want to ask you with the latest on the case

of the a santa case or excuse me manny manny case well we got a date today for the trial february fourth and that's being widely reported right now because that's big news in it and it's good to know that it's moving along because there's been many issues with getting evidence of the defense has had to fight for certain evidence so it appears that this day is probably going to be pretty solid i mean we've already been delayed once there was a september date for the trial but this is something for people to keep in mind because also on the calendar now is debate over a speedy trial motion so lawyers intend to bring arguments that manning hasn't been given a speedy trial and that he should have you know some remedies some sort of maybe you know time served added on or maybe a shortening of the sentence for the fact that he's languished in prison for so long can you talk more about that the defense pushing for that or his right to a speedy trial right i mean you know in the military you have to have do you get

charged you know within one hundred twenty days there has to be some action taken towards the trial and there's this other thing of you know if the prosecution isn't doing diligence isn't you know reasonably moving along with the proceedings and you can make a case that you're not being granted a speedy trial what's interesting in this case is because of its extensiveness because it involves so many government agencies one of the ways they've excused it delaying and dragging on this long is because they have to go to so. many agencies and ask for information and in a way there's been some stops and starts that they've used and so that they're getting around some of these issues that might be raised in a speedy trial argument all right i know that most recently some of the controversy yesterday the defense and the prosecution were arguing over the is hundreds of e-mails and documents that. that i guess detail the conditions that he was

subjected to while he was held in custody in this military prison that any more details in those e-mails come out today no because the judge was actually overwhelmed i mean she's got to look at not only seven hundred e-mails that she has to make a decision to hand over to the defense but she's also got to go through we're talking about thirteen hundred e-mails from commanding officers at the quantico marine brig and she's got to decide whether to hand over these other seven hundred to the defense so we only know what we knew on tuesday we know the little bits of details that david coombs manny's defense lawyer has shared which is that they would be confirming that this commanding general whose name is flynn had made the order to keep bradley manning in suicide risk or in prevention of injury status ok and so today kind of significant that we do have this preliminary trial date and

that brings up a whole nother issue here many people arguing whether or not bradley manning will be able to whether or not a fair trial is even possible for him. definitely i think you know that's always an issue with a military justice case and i think especially in this instance because we're talking about documents that exposed government misconduct or abuse we're talking about a case where the defense is going to raise whistleblower like arguments and they definitely are going to be concerned about the fact that the people they're arguing against are the government and then the judge is this military justice lawyer who answers to the government or is part of the military and so i think that's something that will factor into the case you can't ignore it and you're also going to have to expect that the prosecution as they've been doing all along will

continue to guard certain evidence and secrets possibly closed portions of the trial so that certain elements do not get out to the public right kevin really appreciate you staying on top of this case that was having a stolen blogger for firedoglake. that's going to wrap it up for this show but from our the stories we covered check out our you tube channel you tube dot com slash artsy america we post all of our interviews on line and fall over there you can also check out our web site that is r t dot com slash usa our web writers are busy working on stories they don't always have time to get to on the air or you can follow me on twitter at liz wall we will be right back here and a half hour see if that. you know how sometimes you see a story and it seems so for lengthly you think you understand it and then you

glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harvey welcome to the big picture. it.

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good afternoon and welcome to capital account i'm lauren lyster here in washington d.c. and we are on vacation you see we've been broadcasting since october so that means were a little overdue for a break but in that time and in just the last few months we've interviewed so many amazing guests from jim grant to mark father to jim rickards even joining me as a co-host and we've covered so many topics that are relevant on any given day whether it's the bad or the eurozone crisis so we put together some of our very best and most popular episodes from the last few months for your viewing pleasure and the time while we're off and you can look forward to all the new shows starting september fourth so mark your calendar and don't forget interviews can all be found in their entirety on our you tube channel you tube dot com slash capital account

but for now let's get to today's capital account. welcome to capital account i'm lauren lyster and i want to get straight to our show today because as stocks fall volatility spikes perceived state haven yields hit record lows and criminal libel or charges may be imminent things seem a little crazy as headlines even tout global economy in worse shape since two thousand and nine it just so happens lucky for us a group of investors are getting together in vancouver to figure out how to navigate this terrain right now for what we're calling a sort of anti davos it's a gore of financials conference a lot of our guests are there and its theme is innovate or die empire at

a turning point so we want to check in right away with the end see eric frye he's editor of the daily reckoning and chief investment strategist at a gore a financial to find out why all of these high profile investors and economic experts are seen such high stakes at this point and what answers they may have so first of all eric thank you so much for being on. your big conference for the year to tell us all about it and also your insight thanks for being on the show. that's a pleasure war thanks for having me absolutely so first eric let's just touch on the conference briefly and what you think of my characterization of this as the anti davos because also my producer tells me that you guys were talking about this conference in the attendees as financial first responders so i'm curious your your explanation of and reactions to both of those comments. well yes i think the

davos is where davos is davos is the established order davos is the very comfy co-leader country club ish association of of comfortable c.e.o.'s. and their government counterparts and this is a conference that's not for them this is a conference that is for regular individuals who are trying to navigate. economic conditions that are increasingly challenging and confusing so they're first responders in the sense that. as a group they understand that some things about the way the markets function have changed and they want to be out in front of those changes so that they're not they're not victimized by them yeah a lot has changed that's for sure let's get into all of this first a lot of concern the headlines today coming out of europe then it's a good point people don't know these days how do weigh the mood and the markle may be in when they're making their investment decisions which is something you have to

factor in increasingly arguably meanwhile u.s. treasury yields today eric they fell to an all time record low on all ends of the spectrum the ten year traded below one point four percent the thirty year below two point four eight percent but instead of being lulled to sleep you do not think the u.s. should be a slave you think that the u.s. should learn from a cautionary tale from the extinction of the irish elk first eric what happened to the irish elf. well the irish elk was a was a maladaptive species ultimately so the irish elk. had enormous antlers and the antlers were according to one theory of its other except its extinction were a major component of the sexual attraction of the males so it was a big part of sexual selection the apparently the female irish elk dug male

alex with beginners. as as that process preceded. the the large antlered elk would have large antlered offspring and they would grow larger and larger which is such a generation's. ultimately who ended up with elk that had a hundred pound antlers and they were ill suited to work to forage they were could had to keep their heads up and according to the leading theory of their extinction the antlers became so large they contained a sixteen or so pounds of calcium eight pounds of phosphate and the local grasses were insufficient to support that level of of bone growth so the elk the elk because of their antlers developed a kind of osteoporosis and died off. well you know at a time like that you know that day about your from the early ninety's right said

fred i'm too sexy for my cat i'm sexy for well that's what happened with the with the elk they became too sexy to survive and in a way the united states i believe is becoming too sexy to thrive we have been the greatest power on the planet economically militarily etc and in order to maintain that power we're literally feeding on ourselves and building up enormous debts and and regulatory strictures that are in our are making it difficult for us to to even maintain ourselves yeah yeah let's bring up the u.s. debt because that's a really big set of antlers the u.s. has in terms of how it's grown and becomes so over sized so what eric though because we're not seeing this in treasury yields what are the maladaptive traits that we see developing as a.