a rich man, but he walked by, was suffering, sore covered, give the beggar at his door, and did not recognizeim. this is where king's radical christianity focuses on the good people for their appalling silence. and it is the moderates who are the stumbling blocks. so who does he mean? he means the core of american culture. he doesn't come out and say god damn america. but the content of it is very close to that in the letter. if you think of the substance of the message. tavis: i'm glad you went there. when people hear that phrase these days, they think of jeremiah wright and all the trouble he got into during the obama campaign when fox news took that comment and didn't let it in a kenyan context, in a context.n a kingian you are right that it is kingi an to the core. the reason i raise it is because i have raised this issue before on this program and elsewhere. as we move toward the 50th anniversary later this summer -- we have 50 years now since the letter from a birmingham jail. care to guess which will get most exposure? why is it that we don't want to wrestle with this side of king, but

post-sequester budget of the faa it much bigger than it has been over the last six years and even beggar than what obama requested presequester. where are the rational decisions being made about -- and any kind of discretion being exercised to make tough cuts. no, instead you put those air traffic controllers out there as a stunt and you had all these stunt clowns wining out out, particularly at 1600 pennsylvania avenue -- >> neil: it worked. it worked. right? >> i don't know. >> neil: a number of republicans think we don't want to touch this hot piece of coal, so they had to find a way around it without get anything guarantees what would be cut and says something in general about cuts in general. sloppy and inelegant as it was, gets this much outcry, what happens when we have to put the pedal to the the real metal. >> it was a pr bomb, dud, and i you look at the polling results, people understand that the blame does not lie on republicans for this. this was completely manufactured and fabricated by the white house itself. people understand that. and i think that's a step in the right di

desperately hold itself together and spending our unbelievable amounts of money at the same time beggaring populations in many countries to lifetimes of unemployment it's not the whole situation is market multiple countries in the euro zone need to leave the euro zone they need to default on their debt and then they need to go up by pragmatic and practical rebuilding of their economies and endeavor not to over indulge in debt again well the initial idea behind the austerity measures was of course to not only reduce debt but also to resource confidence and we're now seeing that the debt is actually not being reduced that is growing and apparently the confidences also not being restored but what's the alternative what's the what's the other option obviously not and control spending. well the difficulty here is it's incredibly difficult to see how you can spend any money in a country such as glee where there's one hundred twenty seven percent debt to g.d.p. portugal one hundred twenty four percent debt to g.d.p. greece which they argue may have turned the corner it's gone from one hundred fif

. >> is it okay if let's say we're in a beggar thy neighbor world where all currencies are going to be worth less. then all assets that are denominated in currencies that are worth less, they have to go up to be the worth the same amount, i guess. but your buying power is going down. it's not that simple, is it, where we're spinning our wheels? the nominal numbers are going higher, but all the currencies are going to be worth less so we're not any better off? >> well, what happens to the intrigue from what you imply, one would imagine this is an environment where gold should be doing really well. >> and it's not, yeah. there's a number of slight contradictions. i don't want to take too strong a view on the whole push today. t the other thing i would mention, there are quite a few other currencies in the emerging world that are not going down. one could argue from a 20-year perspective, this is part of an ongoing change of the leadership of the world and the developed world as we know it is just not either economically or in terms of financial allocation of capital the same place where