building magazines the trade magazine talks about how hedge funds are buying up single family homes and then prevailing them off as securities of the securitizing single family homes all across the country and it's highly leveraged that seventy percent of the money they use and borrowed and it prox about what have you what a great program it is when in fact they are. forcing out ordinary people buying houses and raising prices yet what happened was back in the in the in this in the two thousands after ninety nine in two thousand when the commodity futures modernization act was passed and grammys while it was passed these two pieces of legislation made it legal for banks to take mortgages and start selling bets on whether or not the mortgages of crash and so they took a couple of hundred billion dollars for the mortgages and sold eight hundred brillion dollars worth of bets keep in mind the g.d.p.

of the entire planet is sixty five trillion dollars they sold eight hundred trillion dollars when the bets some of those bets when bad in two thousand and eight it all kind of imploded and so nobody wanted to buy bets on mortgages anymore because you know hate somebody may not pay the pay for the mortgage. so now what the hedge funds and come up with is instead of you know having the mortgage to the house let's just have the damn house and so they're buying houses from people who are broke who are big who are underwater who are being you know who with the very same banks are foreclosing on they're buying the houses they're putting them into the rental market so they make a little cash on the side but they really don't even need to they just need the house and then on up on a on a single two hundred thousand dollars house you know they'll take a bunch of them put them together they'll come up with say a billion dollars worth of individual two hundred thousand allows a one billion dollars worth then they'll sell on hundred billion dollars where the

bets on whether or not those houses are going to go up or down in value or whether you know of whatever and or how much rent is going to be paid on them or is all of these different variations and now we've got tens of trillions and we're heading toward hundreds of trillions of bets on bets on bets on bets of mortgages so it's it's the you know welcome to it was it was the old joke welcome you know you meet the new boss same as the meet to meet the new bubble crash same as the old bubble crash brought to you courtesy of the hedge funds in the banks toure's we also got a call from a message from a caller about trade policy here is that. my thomas is greg from lake county and trouble for you in watching the big picture sometimes false statements are made of course for instance in your wednesday show one of your guests thought that the us showed the post the trade balance in only about ten years and internet search

showed posted balances between about eighteen seventy to nineteen seventy i'm not even sure that this is true thank you tom love your show. yeah thanks for the call . basically we started going trade negative i think in the seventy's richard nixon started the whole free trade thing trying to open up china to you know them in the chinese market on behalf of price of pepsi cola i think was was actually you know pay them off a little and that's my recollection. i'm sure it was all perfectly legal but. nixon goes to china it was all about trade and then reagan started talking about the wonders of globalization and free trade george herbert walker bush came along after that so that's a new world order members up and then bill clinton put it into law in ninety six with nafta calf or debt nafta and signing the general agreement on tariffs and trades the gap which created the world trade organization that b.t.o.

and now we're working on shaft otherwise known to be so yeah that's that's what's going on and the consequence of that is that we're now having a trade deficit it's every year of hundreds of billions of dollars that alan grayson on my radio show today he said that our trade deficit it's our trade debt is so big and so now that it represents it represents over one hundred thousand dollars per man woman and child the united states it's not it's not the diff it's not the deficit that you have to worry about the budget deficit is the trade deficit you know. mark in washington d.c. hey mark what's up. why ninety seven mark mark in washington d.c. . the reason that it's because. i don't ever go into here is there's a build of earth who are wild about obama for a candidate for president they were terribly enthusiastic about it now fighters the

odds with him all of it calling our progress the including obama and now we're finding that we are. in league with. no less than members of the tea party it's no fighting this t.t.p. it seems to me that that in and of itself never mind the t.p. people that we are now it's such a divide with the person that we are in love with. it seems to me that that universe itself is being paid enough attention to and should be really ominous of it mean yeah yeah well i think what it demonstrates mark and thank you for your call you point out an interesting thing. i mentioned i think when laurie and i were talking maybe it was earlier the in the united states the constitution does not have the word leader in it we don't elect leaders in the united states we elect representatives we like people to represent us and they're supposed to do what we want what the majority of people do now unfortunately the supreme court has said

that money is protected under the first amendment corporations are protected on the fourteenth amendment i don't see the word money in the first amendment and i thought the fourteenth amendment was passed to free the slaves i thought lincoln fought that war not to free the corporations but the supreme court says i'm wrong and as a consequence of this you've got politicians who are dancing to the tune of big money interests transnational corporations and billionaires instead of you know what the people want tragically we need to undo that we need to amend the constitution move to amend or you know get that done but in the meantime what it tells us is that you know there's no such thing as a perfect politician you're never going to agree with everybody all the time you know i can give you a long list of things that i'm unhappy about with the obama candidacy or can't the presidency there's a lot of things he's done right though as well and and i can imagine john mccain was our president right we did in the middle of a war with iran or mitt romney you would have had you know you would have had. if it was mitt romney i mean you know bain capital would own the world so anyway

thanks for the call marlene cardinal ontario thanks for calling once i thank you for taking my call i want you sure are going to die again thank you. i think you did your program on martin luther king day and. were americans are talking about the racism is over now that you know how they are intimate black president i just wish they would start really firm refer to him as the person non white. president of the united states and see how the rest of the country would feel about. that because it reeks of them i promoted i be on american television not over no it's not by a farce or like that. the education that the minute they get public education has gone downhill ever since that they'll be right where. we were british marlena

i thank you for the cause i'm with you. my friend joe madison i loved his he's as jim crow hasn't gone away he's just now known as james crow e.s.q. and it's it's true it's racism is still with us jim crow still this is just in a different form it's a more subtle form in some ways and in some ways it's actually harder for john in fairfax virginia and john what's on your. very problem banks are just sort of group really really reading craft or they're really or very good that they're all well. and it's only the republican policies that kill or it's only taking away you know the rope that you got and i think we need to you. point out where they helped grow i think we need to. try to get you know we're going to john thanks

a lot for the call a you're absolutely right spot on and well said and we need to be making these points and the other point that we need to make and that isn't made often enough is that the natural result of a free market the natural result of capitalism is not a middle class. the middle class a middle class is an artificial thing it is created by government principally by trade policies and by high taxation very very progressive taxation policies that's what creates a middle class and as those policies have gone away over the last thirty years so has the middle class the natural course of capitalism is toward monopoly toward concentration. the power at the very top concentration of wealth of the very top of very small powerful wealthy ruling elite a very small middle class ruined when charles dickens was writing everybody's for the year with you know the victorian era and charles dickens the book most people know about is a christmas carol ebenezer scrooge and bob bob cratchit and you

know scrooge and marley scrooge was the middle class in that day the middle class was made up of he was a two person he wanted to come a person company a little tiny business you have shopped literally the books butcher the baker the cabinet maker the. candlestick maker the doctors the lawyers that was the middle class and then you had the large the ninety eight percent which was the working poor and in fact during victorian era england you had maximum wage law as it was illegal to pay people too much because they were afraid of people were paid too much they would rise up and become troublemakers this is what russell kirk warned us about in one nine hundred fifty one that if the american working poor became the american middle class which was happening in the fifty's. if this were to happen you would see chaos in america and guess what the sixty's happened and when the sixty's happened all the conservatives look back to what russell kirk said and said

look at that women are demanding rights people of color to many rights gay people are many rights kids are saying they're not going to go off to the military oh my god this is it we've got to do away with this middle class and for thirty years they've been working on doing it and they're damned if they're if they're halfway there they're halfway there that's it for your take my take a live tonight thank you for all your calls if we didn't get your call tonight give us a call back next week and keep the video questions coming it's really easy just grab your phone pointed at yourself and record your question or comment and e-mail it to as your take my take at g.-mail dot com. coming up the fossil fuel industry gets four billion and. subsidies each year from the federal government and that industry uses that four billion to produce the nineteenth century fossil fuels that are polluting our skies and destroying our environment isn't time we cut off big oil's corporate welfare and maybe industry pay for its waste more on that in tonight's deleted.

there's the media leave us so we leave that maybe. privacy motions to the other your party there's a bill. for shoes that no one is asking with the guests that you deserve answers from it's all on politics only on r t. plus time of the new alert animation scared me a little bit. there is breaking news tonight and we are continuing to follow

the breaking news. alexander's family cry tears of joy and a great thing. that they had to gather at a court of law found alive there's a story in many movies playing out in real life. alzheimer's disease is the sixth leading cause of death in the united states right now an

estimated five point two million americans are living with the disease another american is developing that disease every sixty eight seconds so what's causing the alzheimer's epidemic in our country one of the culprits might be pesticides researchers at rutgers university have discovered that exposure to d.d.t. the infamous pesticide that was banned from the u.s. in one nine hundred seventy two may increase the risk in severity of alzheimer's especially in people over sixty the researchers found that the levels of d.d.t. eat a chemical compound left out left over after d.d.t. breaks down in the body were higher in the blood of patients with late onset alzheimer's disease compared to those without the devastating disease seventy four eighty six alzheimer's. asians tested at eve blood levels that were a staggering four times higher four hundred percent higher than seventy nine percent of. people who were in a control group and did not have alzheimer's while d.d.t.

was officially banned in one thousand nine hundred eighty two centers for disease control says that the toxic pesticide is still found in seventy five to eighty percent of all the blood samples are collected in an american national health service meanwhile fifteen percent of the food that we eat is imported into the united states and of that only two percent is inspected by the government much of that imported food comes from countries that still use d.d.t. and other pesticides d.d.t. was first introduced during world war two it was used for insect control in crops and livestock production from plants diseases or insects was also used to fight instead carry diseases like malaria. it's new research highlights the role environmental factors may play in causing diseases of other health issues that makes it all the more important that we fight for a healthier and safer environment.

crazy alert t.v. audiences and twitter jokesters made the site if i channel movie shark nato a runaway hit this summer plotline was simple and ridiculous if you need a refresher here's a clip from the trip. cam going straight up or you get. to just wait here with sharks to rain down. on many critics land is ridiculous promise but it turns out that the whole idea of animal tornadoes isn't actually that far fetched after all a small twister hit the town of show. england earlier this week resident shirley blade told the b.b.c. that the storm lifted neighborhood cats high into the air making what many people are calling the world's first documented cat medo she said we've got four feral

cats in the yard and they were being lifted off the ground about six feet off the ground and they just went spun around like a paper bag. and this gives a phrase raining cats and dogs old you mean. just. the good the bad and the very very liberal silly ugly the good scientific american magazine is cause i called on the u.s. government to end the ban on psychoactive drug research created by the controlled substances act of one nine hundred seventy scientific americans editors put it in piece publishing that magazine's february issue if some of the obstacles to research can be overcome it may be possible to finally detach research on psychoactive chemicals from the hyperbolical rhetoric that is

a legacy of the war on drugs only then will it be possible to judge whether l.s.d. ecstasy marijuana and other highly regulated compounds can actually yield effective new treatments for devastating psychiatric illnesses i couldn't agree more good in scientific american for thinking beyond the box when it comes to the future of medicine the bad pastor stephen andrew the rest of america is watching the president's state of the union address the conservative preacher was busy giving what he calls god state of the union address the whole thing was bizarre here's a clip from one of the stranger parts. we want to obey the holy bible with all of our heart and soul and we want jesus as our king now this is how you restore god's. lasting and people like barack obama have a totally different vision of america his vision is to follow satan and we know. a pastor andrew is so worried about say this that he really should start digging

deeper into what the republican party is up to i mean they're the ones with the upside down. excuse me can't even say it pentagram stars on their local. and the very very ugly. elementary the salt lake city school is under fire today for the way its nutrition department treated students whose lunch accounts were delinquent around forty students with negative account balances had already picked up their lunches and the school administrator told cafeteria workers to take away their meals if greater sophia. told a local news station about the incident. when fifth grader sophia isom got to the end of the lunch line yesterday she was met by district nutrition manager who is monitoring accounts this is chippings when this isn't going to not. come back up in the class. lines she thinks. sophia says the food was thrown out there were lots of tears and it was pretty upsetting for

them the district school officials have since apologized for how their employees behaved but let's be honest this never should have first negative account balance or not you just don't throw away hungry kids lunch that is for you here. we need a carbon tax and we need it now during a state of the union address on tuesday president obama talked a lot about climate change and how important it is that we stop using. nineteenth century energy and start using twenty first century sources of energy take a look. over the past eight years the united states has reduced our total carbon pollution more than any other nation on earth.

ah but we have to act with more. because the changing climate is already harming western communities struggling with drought and coastal cities dealing with floods that's why i've directed my administration to work with states utilities and others to set new standards on the amount of carbon pollution our power plants are allowed to dump into the air the shift. to shift to a cleaner energy economy won't happen overnight and it will require some tough choices along the way but the debate is settled climate change is a fact and when our children's children look us in the eye and ask if we did all we could to leave them a safer more stable world with new sources of energy i want us to be able to say yes we did well that's all a good start we need to be taking more definitive steps to curve cars to curb

carbon pollution associated with burning fossil fuels it causes a whole bunch of problems in addition to climate change when fossil fuel based carbon pollution first became a talking point we learned how bad the health effects of air pollution were and we learn about the health ailments that can cause things like lung cancer and asthma and heart disease and most recently we learned the carbon pollution from burning fossil fuels is associated with altering our environment driving global warming and contributing to more severe weather across the globe. but while we learned more and more about the effects of carbon pollution not once we asked the fossil fuel industry and other carbon emitters to pay to clean up their waste instead we have been flooded with. the fossil fuel industry is the only industry that doesn't pay to clean up its own waste instead they profit off of the negative extra realities the waste that comes with our nation's addiction to nineteenth century fossil fuels externalities reduce the cost of business for a corporation which means increasing profits so the fossil fuel industry will do

anything they can to protect those externalities because it means they can dump their trash carbon dioxide on you and me without having to pay a dime for it all the while seeing their profits skyrocket a recent study by the team for business coalition found that globally the top one hundred viral metal externalities cost the worldwide economy nearly four point seven trillion dollars every year at four point seven trillion includes the cost of greenhouse gas emissions the depletion of natural resources the cost of climate change the cost of driving up of clean up from climate change driven severe weather costs and the costs of pollution related health problems in fact back in two thousand and thirteen researchers in europe released two separate studies that reveal the fossil fuel based carbon pollution can directly cause lung cancer and even worse in heart conditions and heart failure right now the fossil fuel industry has no incentive to change its ways and make matters worse we are funding the fossil fuel industries

polluting ways because of our outta whack tax policies are forking over more than four billion dollars every year in subsidies to the fossil fuel industry and we're getting four billion dollars each here every year from the government not much incentive to change what your doing. in his speech on tuesday president obama called for an end to those subsidies for big oil. let's continue that progress with a smarter tax policy that stops giving four billion dollars a year to fossil fuel industries the don't need it so we can invest more in fuels of the future of the do while we are closing tax loopholes and cutting off subsidies to big oil let's have that industry pay for the costs of its own pollution with a carbon tax as soon as a carbon tax is introduced not only will carbon pollution decrease. but all of the green or nearly all the green and clean energy alternatives to fossil fuels will become economically viable because fossil fuels will be more expensive to produce

than they are carbon taxes are already popular over in europe sweden for example charges one hundred fifty dollars a tonne for carbon pollution dumped into their skies it's working wonders to decrease carbon pollution in that country in the united states a carbon tax would only be around ten or twenty five dollars a tonne just think how successful that could be even china has started a carbon trading scheme in hopes of cutting back on its high levels of pollution. every day that america's fossil fuel industry pumps carbon pollution into our skies people are getting sicker our environment is deteriorating and climate change is speeding up it's time to stop subsidizing the fossil fuel industry and make that transition from one thousand century century energy sources to twenty first century energy sources like solar wind and geothermal ones who put a tax on carbon that reflects its true costs basile fuels will go from being the cheapest energy source to one of the most expensive in the marketplace will naturally drive everybody toward renewable energy call your member of congress and

tell them that we need a carbon tax today. and that's the way it is tonight thursday january thirtieth two thousand and fourteen and don't forget democracy begins when you get out there and occupy something your it suitable. today got a lot of housing only people but the government is not funding it and in

a lot of the shelter today be having people brothers down the street because people begin raped and sheltered to get involved right now ironically ironically i'm worth more to the city of new york important. person first. and. when you paid regular people like someone like a lawyer or doctor or some other madison avenue it's boring and sometimes the homeless people do little to inflict relative by. the same cause and country rather than staying there would be resistance remember there's an individual in this city was born into prison sitting in the work what people. pay money to do is give you. the to stop anybody could make it good enough get up. wealthy british style.

markets why not. find out what's really happening to the global economy which makes conjure for a no holds barred look at the global financial headlines tune into kinds a report on our.

crosstalk rules in effect that means you can jump in anytime you want. i know c.n.n. the m s n b c news have taken some not slightly but the fact is i admire their commitment to cover all sides of the story just in case one of them happens to be accurate oh. that was funny but it's close and for the truth of the might think. i'm ok it's because one whole attention and the mainstream media work side by side the joke is actually on we're going to be coming back. at our teen years we have a different approach to the good o.l. because the news of the world just is not this funny i'm not laughing dammit i'm not ok i've.

got a sense of the jokes that will handle the stuff that i've got to. jesse ventura is going off the grid we want you to join him he's opinionated of course outspoken american original bucking the political system and doing it in a bare knuckle no holds barred way yes he ventura has a lot of his mind and he's ready to un load it's all on this edition of politicking . politicking jesse ventura on larry king or a t.v. has a new show featuring the former governor jesse ventura.