talking about more stimulus well joining us from our new york studio to talk about all of this is james grant he's editor and founder of grant's interest rate observer which is widely read by investment professionals all over the world he is also author of this book mr speaker the life and times of thomas be read the man who broke the filibuster and we're certainly so happy to have him on the show thanks for being here mr grant. where you're entirely welcome right well ok so of course this is a big weekend for the euro zone and actually in your recent interest rate observer you quote the c.e.o. of deutsche bank saying i have to say that a lot of people have lost confidence and whether europe is going to make it i'm wondering mr grant if you fall into this camp have you lost spades that europe is going to make it. i have little faith in the institution of paper money of course the euro was a. prime example of the currencies that we currently produce in the world monetary system. i think it's important to realize that the euro is a piece of paper of no intrinsic value to those commanders that drugs

grant. he had been president for two terms, stepped down for a term, and was a candidate at the republican convention in 1880. he lost to james garfield. that was the other president who did seek a third term. >> thank you for the call. teddy roosevelt also ran for a third term after a different -- under a different party after he left the white house. >> coolidge served under harding. harding died. coolidge became president and one of his own right -- won of his own right in the next election. easy call. the democrat always runs again when they are popular incumbent, and he chose not to run. what i am discovering in researching calvin coolidge is that he chose not to run because of george washington. absolute power corrupts absolutely. he thought overtime an executive gets too used to the office. that was a concern the people had over fdr, that you do become too -- you can use that the state is me. -- confuse that the state is me. >> you can learn more on our website and get more on this program and our 14-week series, looking a presidential candidates who ran for office, lost, but changed american history. new jersey, go ah

shows that he was tied with mit romney for the lead with rick perry a distant third if anything the numbers prove the right now this is still anyone's race. i am grant like reporting. >>jamessee in the western republic leadership conference will host to tonight's debate. it starts at 5:00 p.m. pacific time. president obama with the north carolina talking about his jobs bill. this on day one of the three day bus tour in the area. it is not been supported by republicans so the president will break the plan down and tried to present piece by piece over the weekend will see what happens. >> now you can see the video of this dust storm, you can barely see what is happening in texas, the emergency operations center with activated there was reportedly down power lines and roads being blocked the airport was also damaged, people are being urged to stay off the roads and you can see why you cannot even see anything. now let us look are forecast it does not seem to fall the out there but cooler. >> certainly much calmer, and this is a shot from mount tancam. we are dealing with a little bit of coastal fog this morning and into the afternoon we will keep declining for much of the war

grant. he had been president for two terms, stepped down for a term, and was a candidate at the republican convention in 1880. he lost to jamesfield. that was the other president who did seek a third term. >> thank you for the call. we had teddy roosevelt also ran for a third term under a different party after he left the white house. >> coolidge served under harding. harding died. coolidge became president and won of his own right in the next election. he could have run for another term. easy call. the democrat always runs again when they are popular incumbent, and he chose not to run. that is a famous decision which is attributed to personnel decisions or depression. what i am discovering in researching calvin coolidge is that he chose not to run because of george washington. absolute power corrupts absolutely. he thought overtime an executive gets too used to the office. that was a concern the people had over fdr, that you do become too -- you confuse that the state is me. the more you serve, the longer you served in office. >> you can learn more on our website and get more on this program and our 14-week series, looking a

grant. he had been president for two terms, stepped down for a term, and was a candidate at the republican convention in 1880. he lost to jamesfield. that was the other president who did seek a third term. >> thank you for the call. we had teddy roosevelt also ran for a third term under a different party after he left the white house. >> coolidge served under harding. harding died. coolidge became president and won of his own right in the next election. he could have run for another term. easy call. the democrat always runs again when they are popular incumbent, and he chose not to run. that is a famous decision which is attributed to personnel decisions or depression. what i am discovering in researching calvin coolidge is that he chose not to run because of george washington. absolute power corrupts absolutely. he thought overtime an executive gets too used to the office. that was a concern the people had over fdr, that you do become too -- you confuse that the state is me. the more you serve, the longer you served in office. >> you can learn more on our website and get more on this program and our 14-week series, looking a

he goes on to say, the first charter virginia granted by king james i in 1606 commenced the grant in these words. in propagating of christian religion to such people as yet live in darkness, language of similar import maybe found in the subsequent charters of that colony. in 1609 and 1611. and the same is true of the various charters granted to the other colonies. in language more or less empathetic to the establishment of the christian religion, declared to be one of the purposes of the grant, the celebrated compact made by the pilgrim and in the may flour, 1620, besides, quote, having undertaken for the glory of god an advancement of the christian faith, avoids to plant the first colony in the northern parts of virginia. the fundamental -- unquote. the fundamental orders of connecticut you understand which a provisional government was instituted in 1638, 1639 commenced with this declaration. quote, and well knowing where a people are gathered together the word of god requires that to maintain the peace in union there should be an orderly and decent government established according