i think there are a lot of problems associated with that but i don't think it's the disaster. that is. painting though there is some advantage that as well as i have to respond as an employer has you know that his activism ok ed go ahead ok i'm still looking for the for i'm still looking for the virtues of the federal response because i hear people i hear people all the time talking about that we've seen no evidence of inflation we'll just look at your bills remember they manipulate how they calculate this and everyone who falls back on the idea that printing of money doesn't have a damaging effect is ignoring the fact that your bills are going up at a dramatic rate you see energy prices going up in russia you have thank you and what they keep saying that you ok because russia feels this and russia is very angry about it as well go ahead a day knew they should be angry the whole world should be angry you know the day the guy you know won over and that was dragging and said hey i know how you're going to fix your economy just start printing money when you guys should not let

him in he should never been allowed in to go go to europe because that idea is just another way to destroy the world economy and the idea that we don't see any inflation the united states is just pray your b.s. . martin how to fix it completely don't really early go ahead really respond at all barkley go ahead and. i think i think we have i think we have very moderate inflation in the united states. good arguments why inflation is understated there are also good arguments why inflation is. overstated for example quality improvements that are not adequate to captured in the price index and other reasons but if i had a large inflation is under control and whoever you talk to who independent experts very very knowledgeable people will come. will confirm that

fact so we are not yet in in a financial bubble not know yet not yet not yet we have no hearing which we are not yet. we are not yet in that situation i am was it about it i am again one of us i am not saying that this is the best of all worlds it's possible that a year from now or two years from now we will be seeing the manifestations of inflation and of a financial bubble and then the central banks will be under a lot of pressure to tighten quickly and we could have a major problem on our hands but i want the central banks held actually maher is on he wanted to go to hong kong fair time i just say that's a it's wrong i mean the thing is generally i want a grievous add actually on most things inflation is a real problem you know they don't need to basically because it's now and that doesn't make anybody rich printing money you know otherwise than bob it would be

raised by my germany at the time it would have bloomed you know it's just a lot of nonsense but but at the same time right now another thing i would just wanna ball out what if the u.s. stopped printing because the u.s. is already basically broke they have got unfunded liabilities of over two hundred trillion you can google laurence kotlikoff calculations of all of this if they stop printing now they will go broke because interest rates will start rise the debt actually immediately goes out of control so they really got only two choices right now default or print maybe default is going to be better than printing a lot of money i don't know but it's going to require quite a difficult court if they stop printing they are also quite doom sort of thing either way you wouldn't want to hold treasuries dollar and be very cautious on the day of the developed markets you know and accumulate gord and those countries that still look healthy and have less debt problems like a lot of the emerging markets economy china russia and so on jump in go ahead you agree or disagree with mark martin martin martin agree more i mean i did larry

cautley golf is a good friend of mine you're likely to go visit a good friend of mine and and i class and a former classmate however i completely disagree with. it's two hundred trillion calculation it is a huge exaggeration of what is going on united states does have a fish problem it needs to collect its fiscal well mommy needs to laze taxes cut expenditures but this can be done with home on a major client goodness i know i get all that here it raises can have done over the period of five to ten is it is a manageable problem it is a manageable problem. go go you know what let me let me point this out to you we have run away unemployment the words really closer to about fifteen percent in this country we have rising prices i don't care what you see in terms of what you look at look at the top five hundred items people spend money on i actually have my own index called the chaplet index that measures exactly the price appreciation and

your prices go up about ten percent your down washington your cost of living increase from last year to this year is close to ten percent for the items just look at your beef prices i can go on and on and on without all your adjustments in addition to that you have your very slow economic commie actually you have contractions so i just don't see what you're seeing and maybe you and i could have a conversation and you can convince me but the idea of raising taxes will not do anything your idea is raise taxes print money and somehow we're going to solve the world's problems in england a happen or a go ahead fair time go ahead. again i'm not a great fan of printing money they may be doing too much of it i don't say god is it clean it is. as you saying. but they seem taxes and cutting spending a lot of does what you need to do when you have a big budget deficit you're not going to fix the budget death and one expenditure

is just not realistic. martin you just know i do yell unvented only subtly what do you tell investors martin. i mean you know this solution for the best in countries as awful people living there leave if you could only for russia investors should also leave you now maybe they have few investment opportunities but out that much and our capital should leave go to other countries and people have back and they're lying there are problems out of control or there is no easy fix and you know even drunk loads wrong because a pm and the head of the euro group he was quoted in may two thousand and eleven are saying when it becomes serious you have to lie said don't believe them don't believe anyone else has fakes it's not you know they're really screwed and i'm going to give you the last word of the program go well for everyone watching around the world listen to me listen to martin and yuri you seem like

a nice man but i'll tell you your policies in your i pod is that everything's ok and things are just going to get better it's not going to happen until we change the way we approach things the whole world is relying on the united states and other countries that are printing money to stop and try to find another way to fix their fiscal house ok well i don't think that's going to happen any time soon we're out of time gentlemen many thanks today to my guests in new york in washington and in hong kong and thanks to our viewers for watching us here are see you next time and remember profitable. the world. is a. please

. please. please. please. liz. live. live. live live. live

. that. old. clinton. good speech. which i. think the missile good. luck.

just spent the money in and i'm. going to come out and find him a better little.