live lance on monday i'll be out here with my dog. on larry king and joining me from washington is the host of our dmytro does the big picture and the syndicated radio talk show host tom hartman tom is also a new york times best selling all his most recent book credits of two thousand and sixteen in the book you say that the country's in the midst of an economic implosion that could make the great depression seem small you and that sonam is still lives is coming from. i'm a reporter like and and a commentator and bear on the block a few times i've read a couple of books about economics but i'm not credentialed as an economist but i

think that. pretty much everybody there's a growing consensus i think pretty much everybody has figured out that our economy has been rigged it's been gamed it it really got taken apart badly in the late ninety's nine hundred ninety nine and two thousand with graeme leach gladly which blew up the glass steagall act with the commodity futures modernization act both of which were promoted at the request of ken lay of enron and allowed the ultimately the banks to get into this derivative business and all these other things these to these too big to fail banks so and you know it crashed in two thousand and seven and instead of fixing it we just kind of threw bubble gum and bailing wire out it and that's why i suggest that it's going to that that crash as not ended yet and in fact it's going to get even worse because we're reinflating the bubble but we're not fixing the structure and when it does crash i. pick twenty

sixteen because i think. the president nobody wants to be you know crash to happen on their watch and so the fed the white house and everybody you know they're going to do everything they can to hold that off as long as they can so if ever two thousand and sixteen looks likely to me but george bush was trying to hold off until november of two thousand and eight and he was off by about nine months so he was not successful even. you said stubbornly nineteen ninety so that would make clinton bush and obama a one thousand nine hundred ninety bid clinton signed the legislation both those pieces of legislation absolutely it even goes beyond back beyond that it in a way it started with the reagan revolution it when you drop if you look at the history of the united states or any major industrial power when the top tax rate on people making over three million dollars a year on the income over three million dollars a year when the top tax rate is above fifty percent then you see a fairly stable economy with no boom or bust to it and that's what we had in the

united states from the one nine hundred thirty s. up until the up until the one nine hundred eighty s. one nine hundred ninety s. and but when it drops below that fifty percent then all this hot money starts flooding in at the top which starts the whole gambling concede own thing and that's what happened after the reagan tax cuts then we got the the dot com bubble and then that burst in the housing bubble and that burst the credit bubble and that burst and now we're reinflate into the stock market bubble. i was under the impression though that things are getting better unemployment is down the figures are down the economy seems to be booming car business was pretty good you couple of slips with pretty good. home drugs is in southern california booming where was the blood well that's how it always looks when a bubble is reinflating and the way that you know that it's a bubble rather than genuine healthy growth in the economy is that first of all the g.d.p. itself on average is not growing that much but secondly i'm much more important

indicator is that the average income of working people is not growing substantially in fact it's been flat since one nine hundred eighty you know this entire era of reaganomics this is the supply side experiment has been demonstrated not to work we really in a classical economics as defined by adam smith and seven hundred seventy six and wealth of nations in that kind of updated by david ricardo and eighteen zero nine and with on labor and on can capital on profits. has always suggested that demand is what drives an economy that an economy is driven from the bottom up people wanting to buy things they go into the store and they sell or buy the shopkeeper that has to buy it from their manufacturers the manufacturers have to hire people to make it and those people then get a paycheck and they go into the stores and buy things that's how the economy works and we had this strange idea in the one nine hundred eighty s. that we could reverse that and that if we just threw things into the stores and put lots and lots of money into the hands of billionaires that that money would somehow trickle down and things in the stores would cause people to want to buy them and

now at thirty three years later we see that that's really not how it works and until we go back to a demand side economy we're going to be at risk. you hold the koch brothers partially responsible that is well i sigh in the book in the crash of twenty sixteen we talk about how in one nine hundred seventy one lewis powell was then a lawyer for the tobacco industry and two things that happened of great consequence in the decade before that rachel carlson's book silent spring had come out and created a huge movement of people who were concerned about pesticides in the quality of food and things and ralph nader's book on safe at any speed had come out and had created a consumer movement that was a backlash against the automobile industry and just you know the idea that people people's safety was of less consequence than profits and palls saw this coming to the tobacco industry was a debacle lawyer and so he wrote a memo to his best friend eugene sindoor who was

a neighbor has in fact who was the chairman or head of the of the u.s. chamber of commerce which had historically always been a political or just been about business and said we've got to get into this politics business and not just the politics business we need to get we need to get our people in the courts we need to get our we need to create think tanks to influence public opinion when you get our people in the schools the colleges and you know teaching our point of view you know we are being trashed by carlson and nader any color nater specifically in the in the memo and and we've got to fight back and that was the birth of a lot of the out of that came the heritage foundation the cato institute and and you know the the you know a whole bunch of these things these institutions now that have been pushing for this what's called liberalization as the europeans would say in our economy. you have great success is a review of don't show host what made you join our t. want to come to the world of the it was it looked like

a lot of fun we're still i'm still doing the radio show and. the you know if we we worked out an agreement where i could have complete editorial integrity and independence which was nice and r.t. has a heck of a throw around the world so i'm very pleased to be here. what made you switch from republican to. liberal i. you know when i was my father was always a republican activist and in fact my father is probably the biggest inspiration for me and for my my show on my show i debate both on the radio and t.v. shows i debate conservatives constantly and because my dad was a lifelong republican activist when he died in two thousand and six i was sitting right next to him and i looked across. just past him at the wall next to him and there were his two favorite pictures of me shaking hands with pope john paul the second and george w. bush on the u.s.s.

abraham lincoln declaring mission accomplished. my dad and i always argued politics and when i was thirteen in one thousand nine hundred sixty four i went door to door with my dad for barry goldwater and three years later i was i was sixteen i was out in east lansing to miss you getting tear gassed in the streets and in an anti vietnam war protest i had gone from the republicans to to b.s.d.'s it. what are those similar with hillary clinton shared goal of the republicans in the what what change do i think probably the vietnam war more than anything else that was the moment i mean when you when you realize that your government has lied to you and that they're even trying to kill you arguably i mean a number of my friends died in vietnam that's a pretty big wake up for a sixteen seventeen year old. you have a segment on the show gold the lone liberal rumble you didn't see these over alone many of the live no it's what it is is that i get to conservatives on and i argue

with them for a half hour on a variety of topics with metaphorically one hand tied behind my back i'm the lone liberal they're the two conservatives so it's like i can take on two at a time there are many many liberals disappointed with the president you one of them well yes and no i recognize the limitations he's operating under you know the night that he was inaugurated i was here in d.c. at one of the inaugural balls the one here union square as station and while he and michelle were dancing there was a group of people who were meeting over the caucus room restaurant. conspiring basically to bring down his presidency i interviewed newt gingrich about this on on my program and he said yeah yeah that's what we did and pete sessions came out of that and said you know we're going to be like the taliban we're going to you know develop and that was his phrase to develop an insurgency so outside of a few months i think was about eleven months from the time. ted kennedy died until

scott brown was sworn in he had veto proof or a filibuster proof senate during that period time but out of that he really has not had the ability to get things through the senate their way that he would like to so he's been operating a very constrained universe on the other hand i as a as a progressive i would really like to see him speaking out more loudly using the power of the bully pulpit but you know i it's hard to second guess the president when you've never been a president you know i mean. and i know but on other issues will progress is a very disappointed on immigration and the hawkish added to the internationally to seems to be continuing the policies of bush more so well i would disagree i ate he ended the war in iraq he's dialing by. the war in afghanistan he has been successful in part with the help of president putin in not having a war in syria and getting rid of more than eighty percent almost ninety percent of

their chemical weapons so far and they're heading toward one hundred percent he's been successful in not having a war with iran. you know he's got other challenges the situation with china the situation with ukraine there's situations all around the world that president it has been very cautious about actually compared to you know the john mccain approach or the neo conservative approach so i would not say that he's been extending bush's policies are not pleased with the drone strikes i think there should be due process and i think that they're all about lee going to harm us more than they're doing good but on the other hand he's also doubt that back radically from when bush left office so. the book is that crash of twenty sixteen if that happens when does it happen does it happen for the election or after the election who are the nominees at the time it's a good question my guess is that the nominees are going to be bush and clinton that

it's going to be jeb bush versus hillary clinton but that's just a wild guess. so my wild guess based on what i'm seen in terms of when the crash is going to happen it could literally happen tomorrow all the conditions are there for it to happen our economy is being held together by rubber bands i if it if the white house in the fed are successful it'll happen after the elections in november of two thousand and sixteen like you said this is what george bush was trying to make happen was trying to use trying to hold it off just desperately trying to hold it off until after the elections but it blew up in his face about six or seven months early there just sometimes you just can't as i try to try to shovel ocean you know with with a with a spoon tonbridge dog a meal in florida seeing you one way but didn't want to thank you larry it's great talking to you too and thanks so much for having. and your program thanks to tom hartman the book the crash of twenty sixteen just ahead is odd to america's perinatal nabby martin corporate media structure i do not see anything good with it

in terms of news right now the entertainment profit making industry with this is where the public response to make informed decisions without good journalism are not going to. indecision in the ukraine while it appears there is a commitment to a multilateral ceasefire in the country fighting continues again talks the talk of peace though its forces pursued their assaults in the east is pushing in control. in the minds of the people in kiev's independence square were not terrorists and the people of them bus they are the terrorists. just because we don't agree with what kiev is trying to impose on us and stand by our old conviction civilian component of.

your friend posts a photo from a vacation you can't afford. to different. your boss repeats the same old joke of course you like. your ex-girlfriend still tends to rejection poetry keep. norris. we post only one reason not. to your facebook. we welcome erin eight and abby martin two of a terrific hosts on the our team network to the young and beautiful hosts on the team network erin a host womb bus in the world of finance and abby martin has her own talk show it's called breaking. that story. for. i came charging recently actually been here less than a year and one of the things that brought me here is the fact that this this is an

organization that really kind of allows you to take the time and the depth of some stories deserve it that you don't really find or have the luxury of taking out other mainstream media and. i have started my career actually overseas in singapore that's where i first edwardians i come from sports initially and did a pivot engineers back here in the states i worked with news corp for a while which is a big departure from archie with their start up the daily then i went and worked for a turkish network abreu today on the morning show and now i'm here to finance and what i love. you know job you know the show works with it when i was through bush will boom bust it's going to give you a different perspective you can watch a bloomberg you can watch the n.b.c. and you can kind of get the same stuff that you know gold rallies this is this up this down and you can have jim cramer no problem with him but you can have him yell at you all day and then at four thirty have him yell at you some more or alternatively you can tune into

a boom bust and opposed to just telling you that gold rally like on monday we had a terrific author matthew hart who was the best sign author of diamond and book gold he went into the history of gold and why gold is doing what it's doing today and it's unprecedented some of the numbers and it's a the ability to tell you about what's going on in the world of finance and economics without telling you just what rally because you need more information so i understand things more exactly also but to you. you're covering the occupy oakland crackdown in my backyard you know going in and i was running a website called media roots it was a grassroots media organization that had proliferated off of my antiwar activism for nearly a decade and an r t was there they were nominee. for an emmy for their amazing coverage of occupy and so i had linked up with our team kind of beginning to liaise on from oakland to r.t. and came here for an interview and never thought i'd be living in d.c.

but it is amazing to be here how long ago two years what would tell me about breaking the works breaking the break thing then. broken televisions that second time breaking a set is a show that's cutting through the pre-established narrative that's cutting through and undermining the conventional wisdom that we here in the mainstream political and media establishment we know that the media corporate controlled media is controlled by about five or six giant corporate conglomerates and so a break in the sense of doing something that's not really allowed on any other platform we're criticizing the corporatocracy and also calling out the players behind the games that are really perpetuating these two party dictatorship which is what i like to call it so what is not being seen when for example with this corporate structure you discuss what's what's not discussed criticism of corporations criticism of both enormous lobbying going into these policies bills that are essentially written by lobbyists and i think the number is over sixty percent just straight written by these lobbyists and you know when i was hired you are starting to see him and i want to be i like the vocal role here yes you hear it

discuss not just how the rhino came out and you know you hear it discussed but did you know how much of it did you get your ship is doesn't just come in omitting the story it comes in framing it comes in back page and so you can hear things discussed but to what extent are they discussing to what framing and context it's got do you have guests yes there are your own. you will highlight it out of the mainstream media is failing to discuss the plus side of course there's got to be some good it's a pretty good country so good so the good about corporate america i mean if it's bad other people's around smiling. well i think you'd see a lot of a lot of poverty and inequality out almost all time greats since the great depression so i think that that's kind of a farce but i mean in d.c. of. it's pretty much unaffected by what's going on in the rest of the country corporate media structure i do not see anything good with it in terms of news giving right now it's an entertainment profit making industry so if you're looking

to get news you're going to get a lot of superficiality and a lot of exaggerated claims that you're not going to get with the alternate media source that we see flourish and to counter you need as our you need around here and their revenue they could legally live and the news that determine there's a decade ago that they can legally lie about the news so how can we trust an apparatus that can legally lie to you and you know. you think they should. leave and what they should believe and then i don't think that they sit down and connive hey what are we not going to cover what are we going to cover we've heard you know if you've watched outfox you know that it kind of goes different with different organizations but i think that a lot of it. right exactly but in the establishment democratic party i'm talking about radical politics the corporate media presents you with two options it's a false dichotomy i say because i don't agree with the democratic party now agree with the republican party that they're perpetuating the same policies that are the stabilizing this country you know socialist i would not call myself a socialist because i don't want to put myself in

a box because once you do that people turn you off and i think that you can pick a lot of good things from a lot of different ideologies and reinvent the wheel. with the system extremely is there freedom you are doing. well i think that there is a lot of freedoms that we're seeing denied to muslims americans i think there's a lot of freedom that we've seen denied to journalists and you know being detained for ten hours at heathrow airport if you're just the partner of someone who broke these documents having the guard in editor in chief being called to testify in front of parliament to be charged in the terrorism laws i mean these are things that we are seeing tonight and i don't want to get to the point where i'm denied of freedom because i'm doing my job don't you both though that nine eleven changed things i did logically. we change so on the basis of what you have of the searching in that is fear and fear fear leads people to do things when you fearful are don't you can and govern without matches on fear. there and i think we had all the

capabilities before nine eleven to prevent the attacks and i don't think we need any more surveillance a question example that would boggle the mind of someone who's totally supports freedom and journalism at all my years is the first stop and frisk i aboard stop in the first aboard i think it's terrible if you don't me it cuts crime eighty percent you create for me a dilemma because i don't want my children to be hampered on the street what do i do i think that that's a false correlation i don't know i haven't seen this to six of what else was happening at that point to point to that stop and frisk caused a decrease in crime i think that's going to get that they're going are just that are or no i don't know i mean i need to say i mean yes well let's say it is correct let's say hypothetically that you put yourself it's a moral quandary i so it's someone i know as a journalist i think that we have the luxury of not needing to figure that out but asking the questions necessary is that a true step finding the actual statistics seen if it actually works and letting the

public decide what that what they stand and i also just would never i would never agree to something that would undermine someone else's liberty and protection and civil liberties of someone's walking on the street if they are african-american and if african-american this citizen commit more crime which is also complete b.s. if you look at just the roots of inequality and violence and where it stems from so that's a superficial argument itself but if you're just like you know if you can correlate those two things i still would not support undermining someone's personal sovereignty to say that stop and search them on the street even if it might. there were no ones in the line of someone black white muslim whatever it's apollo you were pretty young lady down the street leave that night walking behind you looking a little suspicious when the cop pulls up he. you will not be angry at the top false i want you to read my my husband is next again and we have sat at airport checkpoints longer than most people and we have been taken into back rooms and i think that it's it's disgusting and but again i like being

a journalist and being able to look at statistics and give those to the public because i know this is the quandary this is again because ari if you stop if the guy really actually stopped the guy would be alive yes this is true and that's it's that's the bill but we aren't we aren't lawmakers all of us but we are here to inform the public who are set up to watch people to legislate like we have the ability to do that so the biggest problem that i have is you know going after journalists because this is like this is where the public is supposed to make informed decisions and without without journalism without true journalism they're not going to be able to do you see change opening i think change is happening is roughly a revolution of not only consciousness but of in the media spectrum we're seeing the dinosaur media die out and we're seeing this renaissance of citizen journalism happening all over the world independent media seizing upon all these platforms that are given to you so shouldn't you be amazing and i'm sure that lucian is it's

a revolution of the mind it's a revolution of ideas and consciousness so the rest of you to do if you're an artist yes well guess what you started as a catharsis for my political intensity. i don't want to say thank. you to a full thing is that i can normally articulate what. is actually very good at a lot out of the nation or a lot of you know it's i started off just purely abstract painting and i got into collage and i like to incorporate in beautiful aspects of the world on earth and the reality is i perceive it in an articulate and then to images on a single yes are you seeing someone you know. would you be hard to deal with and. i think i'm a strong. i think for a good man she went. person. conservative. i warn you know liberal for that matter how do you know you didn't

you know very like living in new york i would love to live in the show you would like to leave washington and go live and i would love to but my boss is not as you know many. of you or. do. i like washington i'm from new york so it's home and i miss it but i think that d.c. is an interesting city and i'm happy to be here now again if anyone wants to. know i do know what is yours with. the work in finance not aside from being held who do the research and find that works in finance he does he he sadly works for lehman brothers during the collapse so i don't know why it's. everything i hate but i think that it really got to. talk about insiders it's truly i think this is again why i love my job and why i love journalism because you don't being angry should be confused with being passionate and truly looking at both sides and seen

the full spectrum and then coming to a conclusion based on facts and i've seen in other places call those things people might have an image of r t you were told what to do no no no i think the image of r t is just people who are scared to address the facts because it's an easy way to blanket lee dismiss an entire network and generalize an entire body of work and not a research actually it's a very successful effort and that's why you see the smear campaign for people who are too scared to debate what you're actually talking about like you know it's a success when you chose it for a reason and you've had some success in your career it draws the people of their lives. a living legend so we had i really think anybody can vote it takes everyone to the top you know we should look finding someone who's not. i'm not sure we really would like to play big larry and then give me one stock tip i guess never bought. five dollars by gold gold now i'll give you the information you make the

decisions on your watch we're going to group. by loan so there you go out there and even every month. the temp is about seven years old it's one of the largest ten cities on the east coast of america and it's got about one hundred people here just because of economics the cost of housing in this area especially is very high and i believe as an american we have a right. to care about her. public land until something is created that's my house you see back there live it set them to well at least then spend the

. rest of it if we hadn't done that we wouldn't have been home i want you to understand we don't just how do you know people the density we don't anybody that needs help so tell your friend to just give us more of. a mistake i'm never going to get city and sedately in one fell swoop got a place to live once on monday i'll be out here with my dog. for it's probably the most complex difficult to. answer. not. in the phenomenon of friendly fire probably extends back to the invention of gunpowder. kill

a bunch of people who don't know what the problem is there are a us people. reading. this some of them shoots my brother in the leg not intentionally because it because it was night time for the morning even the best given the pouch shoulder which are going to make . specs of this is this whole idea of brotherhood an author and camaraderie in this sense it was in this context it has absolutely no place. as a new physician i swear to abide by the hippocratic oath. to the best of my ability and judgment. i will prescribe for the good of my patients. i will not give deadly doses to anybody.

or advise others to do so. i will never do harm to any. doctors of the dogs on. your friend posts a photo from a vacation you can't afford. to different. the boss repeats the same old joke of course you like. your ex-girlfriend still tends to rejection poetry keep tabs ignore it. we post only what really matters at r.t. to your facebook news feed.

ukraine's president says he's ready to reestablish a truce in the country's east but the army steps up the offensive on the final cities with more residential areas coming under fire. saudi arabia sends thirty thousand troops to the border with iraq after a wave of radical islamist insurgents reportedly force iraqi border guards to flee . the standoff between asylum seekers barricaded in an abandoned school and authorities put on edge triggering protests in support of the refugee.