world war two and at the end of the day greece is at its mercy and it's about the kleptocrats getting their piece of the pie and i'm curious how you think that's going to play out and if germany can have the kind of credibility to be this boss of the eurozone or if you think that it will be this kind of economic prison is nigel for russia's called the e.u. . well again you know let's listen to a german is complaining about a euro bond is against the treaties and it's against their constitution the bailouts were against the treaties so you know on that at that angle germany's one hundred percent right and to put all these young worthless bonds in so one package and make everybody pay for it you know if i was german after them spending why or how many trillions to to bring east germany back in it i'd have reservations too but again lauren it's a much bigger issue let's look what's going on in china their economy is contract

just as germany's composite purchasing managers index hit a three year low the same thing in china just this week then you look at india oh india that was booming like crazy well there economy just grew a little over five percent down from nine percent a year ago look at brazil now the government is saying this central bank that this is going to be the first time since zero nine that the brazilian economy declines and put it all together europe is china's biggest importer of product u.s. number two we're in a slump if the united states and europe don't buy china india indonesia vietnam on vietnam they don't make if they're not making brazil australia chill way bolivia all the natural resource countries they don't export this is

a global crisis that's remember we're talking about greece today what's greece two percent of the eurozone and now tomorrow it's going to be spain next week it's going to be italy a couple of weeks later the usa go back to last august remember they downgraded the debt here yeah absolutely. and we're coming up to another debt ceiling debate so you're pointing to. it's cascading effect if it's not greece it's just going to be someone bigger tomorrow to steal the headlines with the same problem on top of that we have this global slowdown that you're talking about plenty of bad news to be worried about i mean in terms of the euro zone spain on monday will request formally its bailout now there's discussion again of directly bailing out the banks so that it doesn't go through spain so that spanish borrowing costs don't become unsustainable so it's just one thing after another kicking the can down the road to use a total cliche but but it does summarize what's happening so what is someone to do to protect themselves from an investment standpoint i know you're still bullish on

gold. you know again i don't give investment advice i you know i keep buying gold friend of mine has a great strategy he buys gold every month gold and silver he buys a little every month that equals out why would anybody get into the dollar what's so great about the dollars i look at it as i say you know getting out of the euro into the dollar is like jumping out of the lusitania to save take save board boards on the titanic no this thing is going down it's a global crisis look at the numbers again you go through this week's data it whether it's housing whether it's employment you name the numbers they're terrible there's no way out and they gave it their best shot you know the numbers what did they dump in the say that that number is like quite a twenty something trillion since two thousand and eight and the best they've been able to do is to make it not a lot worse there's no way out is i keep saying we're talking about the banking

crisis we're talking about europe we're talking about you know composite purchasing managers index let's talk about what's going on with the people remember them you know the twenty five percent didn't spend it don't have any work the fifty percent unemployment rate among the youth to twenty three percent unemployment rate in greece the over ten percent unemployment rate in. italy you're going to see social unrest at levels we have never seen in our lifetime and to that note something like that of greece or or something of act that could bring the kind of social unrest that we haven't seen yet i know you think we could see social unrest in the u.s. to one quick note on gold because you mentioned last august with the debt ceiling debate and the downgrade also last august we saw gold hitting some record numbers and trading at some record prices i'm curious if you think as we've seen gold come back down to the level that it was trading at about this time last year do you

think we'll see it rise as we did last summer into fall and maybe then hit that two thousand dollar an ounce mark it could very well here's why i don't believe this is a gold bubble that's burst i began buying gold in one nine hundred seventy eight before you were born and verily. the it was a different world back then china was behind the bamboo curtain russia was doing everything east of berlin was behind the iron curtain there was no global trade it was only the united states basically buying gold now you have the whole world boy gold you had bank runs in your row who in their right mind would be holding on to paper as i see it so this is not a bubble it's very different you have an entire world that's worried about the finances of what's going on so i pulled by the way this summer is a very important so i'm as a trend forecaster because people are in a vacation state of mind and they missed the nuances of what's going on and i

remember one summer when gold skyrocketed back in the late seventy's we could have that kind of scenario again because this thing is unfolding and let's face it they don't have the answers they don't know what to do because if they did they would have done it a long time ago they can fix it and i believe gold prices are going to continue to escalate. and i'm of the camp that says two thousand and above all right well when we come back and we'll leave our audience with that prediction we do want to talk a little bit about the people that are trying to be elected to portend maybe in your view to fix the problems that you say can't be fixed i want to talk politics when we get back so we'll have more with gerald celente founder of trans research institute and publisher of the trends journal in just a minute and still ahead you responded now all answer check out of your comment caught my eye this week and if you are feedback you won't want to miss it but first

your closing market numbers. you need to see good leverage or your mccurry was to build on the most sophisticated robot which on fortunately doesn't give a darn about anything to mission to teach reason why you should care about humans.

this is why you should care what you're only on the r.-g. dot com. thank. welcome back before the break we were talking about europe let's talk about responses to europe from u.s. presidential candidates or their proxies mitt romney's economic adviser recently wrote an op ed in a german newspaper applauding germany's austerity measures advising germany not to bail out greece and on the other side larry summers who worked for the obama administration was one of obama's advisors in that his presidency early on in response are not exactly in response but in similar timing in the washington post wrote his own op ed proposing of course the opposite a bailout and massive spending plan for europe so is this at the end of the day

just a political election year strategy disguised as economic analysis and economic advice and what does that do for the presidential hopefuls we're going to talk about it also while we're on them we know that mitt romney is a little weird we know that maybe americans have a hard time relating to him for evidence just look at his saturday night live version of his sons let's watch that. well we connect with the younger voters are over thirty six war median age is thirty five and we like the same things as young people such as sport. do. you. whether or not they're just like you america you can decide but there has been an argument that when it comes to candidates on either

side of the aisle they are just like each other and that at the end of the day they're both bought by corporate interests but my question for our guest is mitt romney has got a lot more wall street cash this time around so why would we have a different kind of presidency with mitt romney versus an obama second term so gerald celente is going to weigh and he is transformed caster extraordinary and gerald let's talk politics because this is more your forte than mine so i want to know to start off with these op eds on both sides democrats and republicans you know at the end of the day is this just politics because if europe tanks that's bad for obama good for romney if you're a prevails that is good for obama could be bad for romney is that behind these. well you know you know the american people could care less about any presidential candidate blaming the problems at home on europe their minute it's not europe is much bigger than that as i said and i love it every time you know why why does

anybody listen to larry summers you look back at his track record when he was running you know the economic division when he was with the obama administration and to virtually everything he said has not come to pass all his policies of failed but excuse me every time i say larry summers i have to put brilliant either before during or after you say his name because after all that's what the press the toots call him the brilliant larry summers as for romney talking about was staring measures and telling the germans this brilliant mitt is great shot a wasn't it the u.s. sterett he measures now not the high inflation the u.s. scary the measures imposed upon the germans following the inflation that brought inhaler brilliant strategy and probably very apropos for romney so no this is just a lot of political job and i would for the record i'm

a political atheist i don't believe in anybody's political gods and to me it's a two headed one party system whoever wins. we lose ok and i know that you're a political atheist and you've said that many times before that this is a two headed whatever you just that much but i too added monster with one body or something not a fact but along those lines we have seen mitt romney get a lot more wall street cash this time around then then we saw president obama get last time obama gotten a lot of campaign cash from wall street in two thousand and eight when he was campaigning so my question to you would we see a different president with or are with regards to finance depending on who's elected not at all because look what's happened on the obama of the obama administration since the panic of oh wait you know watered down dodd frank nothing's really changed you know look at the deals that they gave the banks with

fixing that you know that mortgage crisis or you remember robo signers you know like a robot did it look at look at what lauren tell me want to head the world on wall street since the obama administration's been in all the the justice department has been joe in school you have people like roger clegg. has seen john cause be brought up on charges if they're bringing down m.f. global hey couldn't be because he was a big bundler for obama now it's just a little different again it's all the same yeah i agree obama's been wimpy on wall street but i guess what i'm asking is would it be worth with mitt romney i don't think so i think you'll be just as bad and you know this because you have congress and they're all in it together it's not going to change much what could become much worse how much worse could romney make it than obama in terms of helping out his wall street bodies is he going to give him more money yet just like obama would if

we have another financial crisis you'll see the fed dump more dough into it so i don't think it will be much of a difference and you mentioned congress i have to ask you because. tween the last time i spoke with you and now we've seen jamie di men on the hill twice and if you want to get have any kind of evidence that would make you feel like no one has a political will to go after wall street just watch politicians pretty much like lining up to praise jamie diamond so i'm just wondering if you have any thoughts there about if we're ever going to see any justice when you watch the kind of political theater we saw there know the word justice is being misspelled every american that said any minor infraction knows it's j u.s.t. us just us oh now they've been rolling out that guy lloyd of do we god's words blankfein and i saw that morning joe guys suck up to say how wonderful lee was oh yeah they're just great love the bankers oh yeah and so no it's all one club

that's what i'm trying to say it's like a it's like electing it's like a lifting the president of the country club in two thousand and twelve really builds swimming pools or will we expand the tennis courts. i think they will probably judging the spending habits of washington and wall street want to do both i appreciate you being on the show gerald to level with everyone and thanks again that's gerald celente founder and of trends research institute and publisher of the trends journal have a great weekend you too thank you. all

right it's friday so let's wrap up with your feedback let's take it from wednesday jim rickards was on the show he was talking about pretty much everything operation twist the fed gold fort knox jamie dimon in europe and who he calls the institutionalized rent seekers who have attached themselves like parasites to democrats and to the republican party respectively take a listen around secret someone who figures out a way to manipulate the system to a shark well for themselves but they give very little back or give nothing back so they actually destroy well for society. so he identified public sector unions as the rent seekers for democrats and wall street as the rent seekers for republicans original prisoner x. said on you tube if people believe what almost all that is all economists left right and in between understand that wages have either stagnated or decreased for the past thirty years then how is it that union workers are making too much money

and besides unions only account for eleven percent of the total workforce in the country and let's get it straight trade unions and government unions are not the same thing trade unions contain competitive entities government unions have no competition internally different not the same well that touches on an important point that i want to make sure people are clear on when they think of this workers interview because workers was talking specifically about public sector unions and in two thousand and eleven union public sector workers had a membership rate of thirty seven percent so much greater than the private sector five times higher in fact which comes in at six point nine percent that are members of unions according to government figures and the connection that he draws to wall street between unions and wall street to clarify is this something that in fact you touch on original prisoner x. which is that both public sector unions and wall street banks thrive on government subsidies and lack of competition so i just wanted to make sure that was all clear and on that note balderdash one wrote i'd be very interested to hear what the

difference in the amounts of money that public sector unions are taking out of the economy compared to wall street not even close to the same ballpark i'll bet it's hard to know what's being extracted but if you want to look at the top five contributors in public employee unions and finance which is together with insurance and real estate from open secrets which is the center for responsive politics you can see there how they compare so when you're looking at the top five you're looking at not a huge difference in terms of the dollar amounts but what you will see when you get more into big picture of the lobbying contributions to panic. it does look from my assessment like wall street spends a lot more but i encourage you to go to open secrets and check it out for yourself because the numbers are all there and yesterday we compared central bankers united in the liquidity attack to wall tron that i guess is a comic book guy or cartoon from some time past we called the defender of inflation

and john lane wrote to tell us a point of clarification was a force for good thank you we would never want to defame bull tron in that way in our use he is a defender of bad but we we are setting the record straight he was a good guy according to our viewer and now a few notes on the ongoing saga of me and often shannon versus dimitri and loose change here is just one example from this week. capital washington has the highest lifestyle for the intelligence level because people here are religious . but they're not. so they get here and you have to do your dimitri i'm here but i want to do i'm working hard does this mean that your intellect is subpar compared to the rest of the country no i don't think shorts are grammar down the middle oh all right we'll leave the audience to decide. well an earlier episode prompted mark will lead to tweet to cover in delta that's dimitri that you need to

toughen up lauren eats your lunch at the end of every show arc thank you for calling it like it is in my opinion dimitri though don't you worry some viewers do have your back remember i asked him to weigh and i ask you guys to weigh in about to me truth intellectual assessment at the end of the show i just sat and wired said only intelligent people say they are right down the middle so we'll get dimitri that and we will give you our wishes for a wonderful weekend that is our show that's all we have time for thanks so much for watching and be sure to come back next week and in the meantime you know you can always follow me on twitter at lauren lyster and give us feedback on the show and catch any you missed at youtube dot com slash capital account and you can see it in h.d. on hulu at hulu dot com slash capital dhaka countermeasure right here thanks for watching have a great. syria's

rebels declare civilian reports are their latest target and warned that international flies shouldn't street anywhere near the country's third largest city . turkey's push for a no fly zone over syria says activism rarely asphalt away as germany vote for and against the assad regime. actions are speak louder than words in israel as a country launches a massive war propaganda campaign along with emergency drills. lots of the songs are getting attention for all the wrong reasons at the london paralympics anger among disability activists as a for which they say humiliates them is a key backer of the games. twenty

four hours a day seven days a week this is our team civilians a force in syria in the crosshairs of the country's largest rebel group the free syrian army in a statement on his facebook page of the group said that the airports in damascus and aleppo were hosting minutes from flights as part of an alleged on smuggling networks for the government to failure this month of the rebels were that the u.s. made empty air missile launchers the delivery thought to have been carried out by the rebels western backers via turkey drew strong condemnation the editor of the independent website syria tribunals says the rebels' tactics are beyond the pale. the rebel saying that they are attacking civilian airports now is just one more step in revealing that actual terrorist nature because it's against every law in the world to attack civilian airports for whatsoever reasons i'm actually surprised

they are still enjoying this support when the international community sees the rebels slaughtering people civilian people in the street and throwing them from their office and still support them this gives the wrong message to the rebels that whatever they do they will still enjoy this twisted support at the moment the free syrian army is not heavily armed well enough to win any battle against the syrian army the syrian official army just like what has been happening in the past months but it is definitely have really aren't enough to harm civilians and to endangered the lives of many syrian people. and a foreign military intervention in syria would spell total disaster for the peace effort in the country that's according to the u.n. peace envoy syria lakhdar brahimi who made the statement just a day after taking the better from his predecessor copy of that and i doubt he's got a son a boy korean porth at the position echoed by moscow. meanwhile russian foreign minister officials have already commented on this latest development the deputy

foreign minister again not a good deal of. rats like these is a direct result of the you responsible policy to arm syrian rebels in the meantime here last russia's foreign minister sergei lavrov was talking to. you once again reiterating that if international players are really interested in trying to and to bloodshed that they should apply pressure on both sides of this conflict. those demanding the capitulation of just the government forces in syria while at the same time urging the opposition continue fighting since this position is based on the front that these forces are ready to pay an extra price which will be a huge number of human lives to go abroad he also said that when it comes to goals international goals in syria russia has absolutely no disagreement with the west russia also wants to see syria free democratic stable state where the main

disagreement lies on the means of achieving that goal and whether it could be done through violence and armed with this international intervention or whether it could be done through diplomatic efforts and internal syrian dialogue. recent pushes for military intervention in syria via a no fly zone have mobilized both pro and cross around the world germany's financial capital of frankfurt about a thousand demonstrators gathered to mending an end to foreign meddling in the civil war and our correspondent peter audible was at the ready. well here in frankfurt on the square in front of the opera house a crowd of around a thousand people have gathered to demonstrate against foreign military intervention in syria they have been waving the flag of the syrian government at the moment the supreme syrian flag also bearing signs with the face of president bashar al assad they've been shouting their slogans in favor of the president and his ba'ath party however there is a small number of and see assad's. protest is just over there now there were some

heated cautious as early on between the two groups the police have now moved in to separate them but the vast majority of people as i say just around a thousand it is growing throughout the day as this protest continues here they are against foreign military intervention they are in favor of bashar al assad may have come out here today to frankfurt to voice that opinion about you know. we're here to expose the lies about syria that the being shown to the rest of the wood the dead that are being shown were killed by terrorists and blamed on the son sponsored by nato the u.s. . also i think. right and you can stay up to date with the details at peter's. twitter stream and they reboard how it's not only syrian expats demanding an end to interference in their homeland but also the

citizens of neighboring states all of peter's twitter feed or more. now there appears to be a wolf in sheep's clothing among those who finance our london's paralympics activists are angry that a firm i q's up wrecking the lives of thousands of disabled people is trying to burnish its image by sponsoring the games aren't is laura smith reports on what exactly caused the outrage the paralympics are the ultimate display of troy over adversity a showcase for people who've overcome their disability and achieved something amazing but hanging over this event is a shadow cast by may just. it's the firm the government is paying to assess disabled p. .