you've got to do the analysis you have breach of duty analysis and then you have a causation problem and you're not able to show that their conduct was the direct cause of this so the two kinds of cases are very different from the rhode island lawsuit the state contends as a direct and proximate consequence of defendant's wrongful conduct described in this complaint average sea level will rise substantially along rhode island's coast average temperatures and extreme heat days will increase flooding extreme precipitation events such as tropical storms and hurricanes and drought will become more frequent and more severe and the ocean will warm and become more has said ik to paraphrase the watergate committee way back one what did big oil know and when did they know it well we know that they knew in one thousand nine hundred forty s. exxon has documents that go all the way back to the forty's where they are actually doing metric models to find out what was actually going on with climate change they

knew about it as a matter of fact there's about one hundred eighty two articles that exxon alone had they only released i think they released less than two percent of the articles and even then they phony those articles up they had they had what i called. people in universities that were willing to work for extra money. to get enough money and i'll say anything so they had biased to go to work for their industry and they created this phony it up science that says there's no relationship the between man made well between what's happening in the climate and the conduct by man so they knew what they were doing the case that the children in a colorado they'll use that and what the way the case will lay itself out is they'll say to these government officials you had the same caliber of notice that exxon had ok you could if you should you didn't and you haven't done anything for all. all of these decades and as

a result of that we are demanding we're mandating you to follow the law you have to start there hala you can't you can't skip that step unfortunately in a statement responding to the rhode island shell oil contends that lawsuits that masquerade as climate action impede the collaboration needed for meaningful change these big oil companies talk a good game about being energy use but we often hear about all of the above solutions and clean coal meanwhile aren't they doing everything they can with this permissive president and congress to just drill baby drill well you know unfortunately that's that is true but let's not lose sight of the fact that the obama administration allowed more drilling than has ever happened under any president in the united states so you know we can't be tribal about how we look at this if we if we're tribal we're not really getting to the problem in the problem has to do with money and politics but in this particular situation what we have is

a long drawn out the long drawn out a statement is this we don't know we don't have enough information that went on for decades that's what move the government from taking action if you write if you go back and even look at some of the things that the secretary of energy did the e.p.a. did under the obama administration well we don't have enough information you really can't tell us that all this drilling is going to cause problems now turn that up understand that was obama sure put it put gasoline on the florida good times are. the good times roll exactly so it may not have been the rhode island agee's intent that this is just a publicity stunt but you're not bullish on this action as it stands so i think good for him ok what it does is it raises political consciousness it raises social consciousness but somebody should have said unfortunately most attorney generals really don't have a lot of don't they don't have a lot of experience actually trying cases their elected their elected their politicos the a.g. means almost governor. who is guys headed with my cap and tonio america's lawyer

thank you for stepping into the big picture thank you for inviting me. coming up man afford in court guns you can download online shadow banning attacking the news media and so much more to talk about this is the big picture on our t.v. america. disinflation very little inflation for decades interest rates have gone down for thirty years markets have rallied for thirty years now the whole thing is reversing interest rates are going up so is inflation so we'll see how that plays out if wages rise faster then inflation. as such then comes to wonder if wages don't rise as fast as this neo inflation then we have trouble.

in the corporate mainstream media fuel america's cultural wars do they magnify political differences it would seem so how could it be if the only topic that is discussed and argued over this donald trump are journalists infected with trump to range mincing. as we evolve from downloading rap songs about gun violence to downloading three d. printed guns as we're threatened with another government shutdown as twitter is

tapdancing and as another rowdy trump rally bullies the news media our president calls their enemy i'm ready for a weekend but not before we bring in political commentator steve walz byrd and jonathan harris gentlemen welcome thank you and i chose the word gentlemen on purpose because the last time i refereed you to we went in alphabetical order and this time we're going to do steve first and then jonathan and if you're keen perspectives are six and we can cover lots of ground so one new rule and this could be a cable news first you know interrupting there we go issue one stand down on stand your ground. as black entertainment television presents a docu series about the life and legacy of trayvon martin another deadly shooting recently in florida where a county sheriff there deemed the use of deadly force permissible under the state's

controversial stand your ground law tallahassee mayor andrew gillum a candidate for the democratic primary for florida governor has called on sitting governor rick scott to suspend the stand your ground law permissible under the governor's emergency management powers gillum says we've found a way at least until the legislature convenes and deals with these conflicts of interpretation and of laws to ensure the safety of every day people until we get greater clarity question one steve what harm can come from suspending stand your ground. well you're going to put doubt in the minds of people who have guns to defend themselves you're not ensuring the safety of every day people you're doing quite the opposite they'll be afraid to defend themselves and shoot if you suspend the law that gives them an reinforces that right to do so so i think it will have the exact opposite effect as far as trayvon martin a documentary on his life i hope it's going to point out that you know the jury

believe that he was on top of zimmerman and beating his head into the ground and zimmerman was found not guilty jonathan i don't i don't know how you could possibly view. taking back a law like standard ground as people being afraid to defend themselves laws to defend yourself are universal what's not universal are laws like these stand your ground laws i think these are in what twenty four states have some variation of these laws is just this idea that you can go out and sort of and these laws the problem that i have with them is these laws disproportionately target people of color and in the cases that we've seen that have made a lot of headlines again this is what trayvon martin was being accosted. by. budget zimmerman who is being stalked by as there are men and in this case that we were just talking about this is a person who went and confronted a family a woman and her kids because he saw himself as somehow like a cop that had the right to to enforce the law if you feel like somebody's in

a parking space you know that they shouldn't be in or they're in a neighborhood nation being called the police this is not your job to go be a vigilante and that's what this law encourages people to go out and have their own kind of street justice and it's not really up for discussion that's what happens that's what we've seen how you have the law the laws intent is not to target people of color but that concert of concert impact is that they have been the victims all right the same order steven jonathan software downloads for your three d. printer instant gun plastic no metal so metal detectors won't see it no registration number no background check strictly speaking this is a first amendment issue but does this deadly download cross the line into the old saw about shouting fire in a crowded movie theater steve no and you're right it is more of a first amendment issue than a second amendment issue because the fight right now is about the instructions on how to do it and whether or not that should be made public like the genie is out of

the bottle once that information is out there it's going to be put on and posted by somebody somewhere whether it's this person in this company or another company so i don't know how you prevent it from being made public knowledge and again you know just as the guy with the stand your ground was wound up shooting the case in question was pushed to the ground and then got up and shot the guy who pushed him to the ground that's on the video i hear you get to have the bad guys the bad guys will always find a way to get the information to make the guns to have them you know this the guns you just so aptly described so if the bad guys are going to have them then law abiding citizen should be able to have them as well you could go to court all you want you could say it's for him but it's against the law but the bad guys will always break the law have those guns why should law abiding citizens have them as well. yeah it's what steve says is undeniable about the g.d.p. and out of the bottle but what about the rest of it i just i mean i don't know so i mean by that by that standard just get rid of all laws i guess that's the best word

i mean because you know people are going to break the laws or get rid of them the three gun issue has nothing to do with free speech they tried to make that's what the lawsuit was about was trying to make it about free speech but i don't think anyone would try to conflate a law about printing a gun and free speech it is absolutely about gun safety and i don't know who in their right mind would say hey let's go to america who has rampant gun violence and the thirteenth highest rate of gun violence in the world and make undetectable guns in the conservative argument is well they're detectable because they have to put a piece of metal in to comply with federal law a piece of metal that the guns do not require to operate so you can take the piece of metal out and then they're undetectable it's obviously wrong to do it it's obviously a mistake it is in no way shape or form a free speech issue but that's what the lawsuit was about was trying to make it a free speech issue about information that could be put online which was to how to print them but it is absolutely about another thing that conservatives love which is guns everywhere and why that's

a mistake and the reports we've seen about these three d. printed guns are most of them will fall apart after one shot right one shot is all and it's all it's all right twitter is in a tough spot under pressure to both block bots trolls and hate speech and at the same time they're accused of shadow banning righties steve what's a social medium to do. there is not supposed to be the judge of hate speech who's deciding what's hate speech the liberals who program the analytics and the liberals who sit there and hired to say oh no this can't stand this is hate speech it's ridiculous you shadow band as you mentioned three or four congressmen who are among the most conservative in the congress that's outrageous i hope that if there is a legal remedy as soon as this threatening i hope he takes that legal avenue and clamp down on twitter same things happening at facebook thing same thing's happening on google and you tube it's always the conservatives conservative bloggers conservative films whatever that are victimized never the liberals you

hear no complaints from liberal people or liberal up pundits they're not victimized by this so again we're in a culture war we know it and if the liberals are running the asylum conservatives have to stand up for themselves what's amazing to me is the crying the crying from the conservatives all the time to do of twitter and facebook why don't you stop disproportionally interacting with extremist accounts that are usually passing false information and then you want to have that problem but what's more interesting to me and let's just say that for example the conservative whining is legitimate and that they're just being disproportionately targeted these these are private companies these are private companies and this is a fundamental rallying point from conservatives is private business can do what a private business wants to do these are not public utility is not a first amendment detail exactly there's not they can oversee actually they're not they're not a public utility and so trump as usual lied because that's what he does and he was illegal and he was lying because he lies all the time it's not illegal because they're a private company and they can do whatever they want so even if they wanted to

disproportionately. conservatives they can because that's what that's within their rights and what conservatives always say when businesses do this is oh it's the right of private business it's fascinating to me that they're crying about this when if it was the other way they would be rallying to defend them of course so about mr trump tuesday night in tampa a rowdy trump rally cry. harang news media covering the event as the president who has called the press the enemy of the people again scorned steve these are angry times as often as we are reminded not to take trump literally do you ever fear that some might. well i fear more are that i'm afraid to have my son wear a trump hat in new york city i could google a trump supporter attack you'll get a listing at the listing after listing of people who voted for trump most recently up in massachusetts she was arrested a few days ago a woman who bumper sticker on

a car she kept honking honking the guy thought there was something wrong with this car we got out she said you vote for trump he said yeah she rammed his car almost hit him now she's under arrest i mean this goes on all the time so it is pomposity jim acosta is so afraid that a member of the media might get hurt and they shouldn't don't get me wrong but what about the trump supporters who have what about the democratic elected officials who condone who advocate harass them don't let them have a moment of peace follow them into restaurants are you kidding me the poor widow media no i don't pity them at all the stocking is over the line but jonathan president trump when he was candidate trump was saying all pay for the lawyer you know every exactly almost a given on assault it was a ridiculous with this what about him it's hilarious like how do you do it how do you consider every single time it's what about his i'm it's like. punched a little kid in the face but what about the one time that somebody you can't do it

you can't ever just say trump was wrong he shouldn't done it period i can't i've never heard it just do it once you would you can't it's ridiculous you don't advocate violence as these are the trademarks of a dictator and i'm not saying troubles a dictator because he's not that smart but he's fascinated with dictators and that is what he that's what he does he does those typical things you deal with them eyes the media and he does it because. the media calls him out on his lying i think there's an interview he gave to the new york times it was a thirty minute interview and he lied every seventy seconds in the interview and the only people that call him out is the media not his cult the cult of trump worship they can't call him out because they will see it no more so than jim jones followers see it but it's just never never can you just get a concerted be like that was wrong yes obviously it's wrong to suggest that targeting members of the media is a thing and that they're the enemy of the people it was wrong and i would love just wants to hear one of these conservative robots were trying to just say it was wrong finally but never going to happen never going to happen and no by the way maxine

waters who he was alluding to never advocated violence she said make them uncomfortable and make make them to own that i can i finish being who i was a bit wrong too i did you're going to beat them can i finish speaking i thought we had a role to actually make that that she said to form a crowd and let them know that they don't support the policies and that they're not welcome the violence is going to say try to say something like trump is wrong so you go ahead you can interrupt me all you want to do that nobody gets a chance to interrupt or out of time but you've done so well we didn't write it was only until the last minute. steve malzberg and jonathan harris thank you for wading in to the big picture. and thank you for watching that is the big picture if you missed any part of this week's show or if you'd like to share it thanks in advance you can where you'll find all our shows at youtube dot com slash the big picture our t.v. watch any time anywhere on any device and if you see us somewhere else you can also find our t america on directv channel three two one dish channel two eighty and on

the free pluto t.v. app at channel one three two holland cook in washington back next week and on twitter in the meantime at holland cook question more. zia's says harlan kentucky. with all of this move them boy says he was going to st families remain in. a coma and he said he would almost no coal mines left. the jobs are gone all the

coal miners the said. that it was love to see these people a survivor was disappearing before their eyes. i remember thinking when i was younger that if anything ever happened to the coal mines here that it would become a ghost town but i never thought in a million years i would see that and it's happening it's happening to. join me every thursday on the elec simon show and i'll be speaking to guest of the world of politics sports business i'm show business i'll see if. i am asked times or this is a cause report a stock all so easy sometimes things are difficult. days max i know the second half

you're talking to miss shad lucky you're continuing on this theme of the trade war because in the last episode karl don't understand well trade wars can actually be a good thing especially in the situation whereby the united states has been losing for the past twenty thirty years against china in a trade war that has been one sided michele bloch we know from his website. talk dot com that he is totally against a trade war so we'll see what happens in the second half about that but one group of people who are very happy with the trade war and as it's been happening so far happy with tariffs steel industry emerges as trade war winner president donald trump's metal tariffs have sent steel prices surging and sparked blockbuster profits for steel manufacturers reliance steel and aluminum hauled in record sales thanks to eighteen percent spike in prices nucor recorded the best second quarter in its history its profits more than doubled steel companies are very happy with

this and looks like they're winning yeah well that's called inflation so inflation is coming in a big way we've had this inflation very little inflation for decades and interest rates have gone down for thirty years bond markets have rallied for thirty years now the whole thing is reversing interest rates are going up and so is inflation so we'll see how that plays out if wages rise faster than inflation. such then trying to wonder if wages don't rise as fast as this neal inflation then we got trouble well at the end of the article they do mention your point of view so they do first talk about the gains the winnings how happy the winners are in the steel industry they're making more money their profits are going up their shareholders are happy their workers are happy but in the other side of the equation they do mention that of course still customers are less than thrilled material costs have risen by as much as fifty percent jay pharoah brooklyn company that fabricate steel used in manhattan skyscrapers steel companies may have record

profits but it does hurt the mom and pop shop said joe tess kooky f.d.m. pharaoh's founder and c.e.o. so the people in manhattan where there's a construction boom going on they need a lot of steel and they're not happy with that there is one major theme they're going to compass is all this is called globalization for thirty years will post world war two is all about globalization yet all the globalized has to sions like the i.m.f. the world bank the un world all these things but now they're all being challenged by trump and we're entering into a period of bigelow's asian which would mean higher prices inflation across the board and if wages follow suit then there will be peace in the valley if wages don't follow there will be lots of problems ok so we're going to tie it those together into other segments here where they talk to some of the guys from the steel companies that are winning. trump impose twenty five percent steel tariffs that has seen the price of steel in the united states soar by forty one percent

tire the benchmark price of u.s. steel has a forty one percent higher and nine hundred seventeen dollars per short ton so nucor is seizing on the amount momentum however a new core i said is gaining they their stock prices soaring their profits are soaring and what are they doing well they're seizing on the momentum to plow one billion dollars back in two. it's business a huge increase that will mostly go towards expansion quote what will happen to our great country if we continue to operate with a massive trade imbalance said the c.e.o. we agree with the administration's efforts to address this issue. well that is so new cars saying we're going to take the huge savings and we're going to build factories and we're going to hire people they're going to be making more money than they were before and inflation's back the big losers in all this and you will know that trump ism in the trump economic model has really hit hit hard when the bond

market starts on ravel because you can't have a rising bond market and inflation at the same time so when the bond market starts to unravel you know that trump is a trump economic model has really taken hold i means that workers get higher pay the prices go up but your wages go up so you're going to feel richer main street will benefit wall street will get kicked in the teeth well certainly you and i can recall in the one nine hundred seventy s. when inflation was very high but member wages used to be paid to that inflation i remember my mother getting a price increase you know her wage was increased every year like seven eight percent based on the inflation that was similar so we still get our incomes more pegged to the rate of inflation of course now there is not what happened in the eighty's with that or in reagan deregulation or they separated the functions of wall street and capital raising from the economy at large so that companies and the privileged elites on wall street could engage in financial engineering or deregulation that would allow them to make huge amounts of gains personally for

their yachts and chateau zoon park avenue penthouses but that the money that they were the gloaming from the central bank would bypass wages and they did this through world trade organization outsourcing to china and essentially outsourcing all kinds of ecological cost all the extra nowadays of running a business for x. outsourced to china ok now that period of globalization as it's called is being reversed it's did. globalization higher inflation i mentioned the seventy's and wages used to increase with inflation that's because a lot of people in the audience are probably too young to remember that we used to have a gold standard and thus these huge trade imbalances were not something that happened because of course the united states didn't want a massive trade imbalance because that meant they had to ship their gold to the likes of france and then when the united kingdom asked for their three hundred million dollars worth of gold the u.s. said no nine hundred seventy one they went off the gold standard so because of that

during the seventy's we had that monetary it was very unstable and lots of inflation because and best years were doubting whether or not we could have a total system and yet nevertheless the workers were still aware of what the value of money was so i don't know wages are tied to the inflation number and of course in the seventy's you have the discontinuation of the gold standard but you also have the oil embargo of the seventy's was shot the price of energy and that meant the price of wages were had to be tied to that increase in prices as well so workers are benefiting until then the eighty's you know that we just covered a moment ago but you're right that way workers have great wage parity they are of the issues they understood the terms so this is what i'm saying is another way to get rid of this massive trade imbalance of course is just what the hate in john maynard keynes said and predicted just as he predicted world war two and then he predicted this moment in time that if we didn't have some sort of global trade unit

where by all that we would have massive trade imbalances the trade surpluses in germany and china are just as dangerous and destabilizing to economies around the world as the massive imbalance the trade deficit that the united states has so any country who chooses to be like the united states then they do have an exorbitant privilege of the u.s. dollar as a world reserve currency but it does. at the cost of their workers so to get back to new course a new core is a company when there are now policies that are driven by the comp and ministration policies and the change in steel pricing and what this is happening to workers that's kind of the cutting edge to what's happening in industrial merican it on wall street's kind of interesting are we seeing a rotation out of the fang stocks or the network stocks like facebook and twitter and apple are we seeing a rotation into industrials like the new cores i mean this is so that the wall will

market have a net kind of rebalancing and not a crash effect i mean that could be the possibility that's a bit of an understatement to say rotation out of the shares because of course facebook and twitter have had a complete collapse not that twitter is kind of in that market of those online you know monopolies and all of our police but again going with this u.s. dollar issue. you know our frequent guest jim rickards has said that he believes there will be an s.t.r. standard special drawing right that the i.m.f. special drawing right that's kind of what keynes had kind of suggested similar to that with a bank or of a global trading unit a currency not issued by any particular national government but it's a trading unit to avoid the situation of trade imbalances another thing jim rickards said about the u.s. dollar system is that. after twenty thirty years of since the collapse of communism the soviet system the us history supposedly ended and there

becomes a point where an empire gets hubris and they start wielding their weapon of saying you can't access our u.s. dollar system so i want to turn to a quote which came last week from vladimir putin when he was at a conference i think it was in south africa and he was asked about russia's dumping of the u.s. dollar treasuries he said you know we're not getting rid we're not going to we're not against the u.s. dollar system but just you know where we're protecting ourselves from these sanctions and stuff like that and the sort of hysteria in the united states says no plans to reject dollar but risk should be stemmed russia has no plans to reject the u.s. dollar even though washington has undermined trust in its currency by using it as an argument in political disputes russian president vladimir putin said putin also said the united states undermines trust and the dollar as a reserve currency by imposing restrictions on settlements and dollars this prompts

dozens of countries to consider other options putin said adding that the chinese yuan is now obtaining more of the qualities required for the role of reserve currency you know the u.s. acting as a bully regarding their u.s. dollar financial system could ironically end up helping workers in the united states that's right to do u.s. dollar being dropped in as a reserve currency and so you titanic shifts are tectonic shifts i should say in the global economy and one of those would be use of alternative currencies again i think it's end up being better for the average person if any letters protected this predictive us but what i'm saying is that i have lived in europe and i could witness with my own two eyes the life the lifestyle the the quality of living of the ordinary european is vastly superior to the lifestyle of the ordinary.