linda and bernie gruenfelder. bernie gruenfelder. ah, let's see...hubby jet ski salesman versus a blood-related protector of the people. ah, well, that's a no-brainer. where's the whipped cream? marie, please try to understand. i understand. you prefer to give your children to gypsies instead of me. ah, cheer up, marie. we just dodged 3 screamin' bullets. hey, did he take the pudding? hey! pudding! oh. i know what it is. it's your father, isn't it? now, listen to me. if you were to-- god forbid-- and i get the children, oh, she is just i'm willing to a little angel. yeah, when she's sleeping. you should hear the set of lungs on her. whoo! oh, yeah. when she's unhappy, you know it. yeah. babies are loud. you know who's q older kids. yeah, weyeah, yeah, your kidthey are. so, linda, motherhood really agrees with you. you look fantastic. thank you. i'm wearing more makeup than a drag queen. and nursing bras, are they as horrible as they used to be? they're very complicated. that's another good thing about the older kids. forget about theight out of the f

it's not an image you want with bernie.> it's -- you need a diagram to figure out what the hookups are in this office scenario here, but i -- i guess i might disagreea little. i don't know that it's certain that prosecutors think the sex ane is good for them. i thinkit's possible that -- melissa: how could it be bad for them? >> if their key witness turns out to be someone in a relationship with someone else, another defendant with bern, the love triangle, it could possibly convince a jury to doubt their credibility. i don't know that it's all a plus for the prosecutors. it's possible. they have a very solid case forgetng personal relationships in the office, and that's what they want to go with. melissa: go back to why are we talking about this now? it's so far after the fact, but the reason why we're going into this detail is because they are trying to figure out bernie madoff still maintains he did it by himself, and no one had any idea. >> yeah, who believes that? melissa: it would be hard, but so far -- >>five people a

with us now is bernie goldberg. where are you, bernie?ought you were here and you are not here. where are you? >> i'm in north carolina. >> north carolina, good. >> one of the auto states. >> i know north carolina well. i was at the outer banks last year. it was beautiful. now, i'm surprised because abc news fairly aggressive, good investigative unit, brian ross, that they would not cover oklahoma and spokane in light of trayvon martin and all the controversy that's going on now with with black on black crime. black on white crime. white on black. you know, all of this. why do you think they didn't cover it? >> well, let me first say that makes one of us who surprised, okay? >> particularly abc news though. abc. >> yeah, but it's part of a bigger picture. let me do this my way and then we can focus in. >> okay. >> look at it this way. if the australian ball player were black, and if the 88-year-old world war ii veteran who got a purple heart at okinawa were black and the thugs who killed both of them were white. >> bill: riots in the stre

and everybody else knows it bernie goldberg. next on the rundown james carville will give his point of view why america will not tackle the race violence problem. attorney general eric holder says americans who sell hard drugs heroin and that kind of stuff are nonviolent offender, do you agree with >> bill: continuing with lead story race and violence in america. joining us from new orleans james carville. i was wondering what you thought of that aunt saying the cops had no right to shoot him. >> i will go further. that policeman based on what i know and research i did before i came on here and did this report actually was protecting the people in that community. this 14-year-old at 3:00 in the morning by the way if she wants to get mad at somebody, get mad at her sister or sister-in-law out on the street. shooting the gun at policeman and shoots at the policeman based on what i know the policeman was protecting the community in addition to himself. i don't have any problem. >> bill: you will never get the aunt to believe that i

bernie middaugh is a perfect example. the sec was approached several times by harry markowitz, who exposed the sec and the sec would even listen. i mean, this is typical. what did congress to? pay double or triple saying you mistake here when they said it's because we didn't have enough money. it is a fundamentally flawed system because it creates an artificial sense of security and investors say well, this guy -- bernie middaugh must be legitimate. the sec wouldn't allow somebody like that to be going on for dozens of years. i'm going to put some money with them. but if we didn't have the sec, everyone would be much worse tactical and they would really check-in and investigate. it's kind of like tanks. when you have a $100,000 insurance on cds, do you really check status of the bank? is the bank making money? you don't care. your insured up to 100,000. that is bad economics, bad finance. you want this and sent aides say you are investigating and making sure that the buyer beware. there's too little of that in today's wor

. >>> coming up the bernie madoff of china and later, teen retailers took it on the chin this season. what did they get wrong? we'll try to get answer ps but first here is a look how the international market faired today. investors could be on cloud nine now and that kicks off tonight's market focus. the cloud based manufacturer said sales rose 31% to nearly a billion dollars. the company is raising the revenue guidance for the year. shares closed at $43.65. >>> less stellar news for kay jewellers and jared miss the second quarterest mitts and issued a weak outlook. part of it was an 8% drop in sales in the uk stores. shares fell 4% to $67. >>> investors in campbells soup weren't saying mmm, mmm good after revenue came in short of expectations at the core u.s. businesses as they cooled down. as a result, shares were off by 3% to $43.33. >>> and google is losing one of it's top executives to a chinese smart phone maker. vice president of google's platform android is going to china's which makes, you guessed it, android based phones. shares were up to $855.43 a share. >>> leading the un

and everybody else knows it bernie goldberg. next on the rundown james carville will give his point of view why america will not tackle the race violence problem. attorney general eric holder says americans who sell hard drugs heroin and that kind of stuff are nonviolent offender, do you agree with that? we're coming right back. we're so choosy about the cuts of beef that meet our higher kosher standards that only a slow-motion bite can capture all that kosher delight. and when your hot dog's kosher, that's a hot dog you can trust. hebrew national. ♪ school's out [ male announcer ] from the last day of school, back to the first. they're gonna take a lot of notes. so make sure they've got a notebook for every subject. this week only, get one subject notebooks for a penny. staples has it. staples. that was easy. since aflac is helping with his expenses while he can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage, groceries, or even gas bills. kick! kick... feel it! feel it! feel it! nice w

and everybody else knows it bernie goldberg. next on the rundown james carville will give his point of view why america will not tackle the race violence problem. attorney general eric holder says americans who sell hard drugs heroin and that kind of stuff are nonviolent offender, do you nonviolent offender, do you agree with oh, he's a fighter alright. since aflac is helping with his expenses while he can't work, he can focus on his recovery. he doesn't have to worry so much about his mortgage, groceries, or even gas bills. kick! kick... feel it! feel it! feel it! nice work! ♪ you got it! you got it! yes! aflac's gonna help take care of his expenses. and us...we're gonna get him back in fighting shape. ♪ [ le announcer ] see what's happening behind the scenes at aflac.com. the healthcare law gives us powerful tools to fight it... to investigate it... ...prosecute it... and stop criminals. our senior medicare patrol volunteers... are teaching seniors across the country... ...to stop, spot, and report fraud. you can help. guard y

. >> turns out bernie madoff wasn't just cooking the books during his ponzi scheme.s also reportedly cooking up a love triangle. tmi, you say? well, you'll love this story nonetheless. the scandalous details coming up on "closing bell." ♪ love shack, baby i've been doing a few things for a while that i really love-- tdd#: 1-800-345-2550 playing this and trading. tdd#: 1-800-345-2550 and the better i am at them, the more i enjoy them. tdd#: 1-800-345-2550 so i'm always looking to take them up a notch or two. tdd#: 1-800-345-2550 and schwab really helps me step up my trading. tdd#: 1-800-345-2550 they've now put their most powerful platform, tdd#: 1-800-345-2550 streetsmart edge, in the cloud. tdd#: 1-800-345-2550 so i can use it on the web, where i trade from tdd#: 1-800-345-2550 most of the time. tdd#: 1-800-345-2550 which means i get schwab's most advanced tools tdd#: 1-800-345-2550 on whatever computer i'm on. tdd#: 1-800-345-2550 it's really taken my trading to the next level. tdd#: 1-800-345-2550 i've also got a dedicated team of schwab trading specialists. tdd#:

senator bernie sanders was there.e joins us with the memories of that event and what needs to be done here forward. >>> and the author of who told women to lean in didn't want to shell out cash for interns. the real talk panel weighs in on the workplace hypocrisy and more. stay with us. ♪ mplishing even little things can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis, my rheumatologist prescribed enbrel for my pain and stiffness, and to help stop joint damage. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fatal events including infections, tuberculosis, lymphoma, other cancers, nervous system and blood disorders, and allergic reactions have occurred. before starting enbrel, your doctor should test you for tuberculosis and discuss whether you've been to a region where certain fungal infections are common. you should not start enbrel if you have an infection like the flu. tell your doctor if you're prone to infections, have

you know, bernie nosey live and dream of being a prosecutor. it's in my dna.if you keep touching people without their permission, it's a crime. we learn it in law school. it's called battery. if he repeatedly unwantedly touches women on rear behinds and says things to them, you're in the criminal territory. i hope he gets fired, recalled and goes broke. i think it's disgusting. >> we see instand at this, the insurance companies and big corporations says if somebody does something bad, everybody else has to go. they never sent me to class, i didn't know i wasn't supposed to grope. anything dumber? >> you wonder why they hate lawyers. this is why they hate politicians. i'm glad they said the city isn't paying the money. >> take it out of his own pocket. >> all the women filing complaints were fairly high up in his administration. the problem for women is when this happens, it's very hard to come out and say, one, you're going to lose your job, two, called a liar and you might not be able to get employed. it goes on a lot more than people think. >> i get the whol

joining me is bernie williams, gene lacamp and our own rick santelli. gordon will join the conversation shortly, finishing up his trading. good to see everybody. thank you very much for joining me. bernie, let me kick this off with you. what's your move rest of the year here in stocks? you want to get out here, given the recent turbulence? or do you think we've got further gains to come? >> no, we wouldn't get out. we do think the u.s. will be in a bit of a holding pattern due to upcoming taper. but on a relative valuation basis, we do like europe a little bit better as that area seems to be turning around, and we really like emerging markets due to the deep valuation discount. >> it's interesting you say that, because the money has been flowing consistently out of emerging markets, because the growth levels certainly reversed course there. you think that's going to come back soon? >> yeah, we do. they still have relatively speaking much higher growth than the u.s. look, if you expect a little bit of recovery in the u.s. and europe, that's going to help

that investors say this guy bernie madeoff must be legitimate. it must be a deal i'm going put money with them. if we didn't have the fcc, then everyone would be much more skeptical, they would really check and investigate. it's kind of like banks when you have $100,000 insurance on cd, do you really check to the soundnd of the bank? what are you caring you are insured to $100,000. that's bad economic and finance. you want to have the incentive so you're investigating and making our that caveat -- let the buyer beware. there's too little in today's world. >> who is the book written for it? >> the average investor when would like to have a systemic approach to investing. who believes one of the focus on the book is entrepreneurship. that people love stories. yes, you can buy the index -- that's burt's approach in a wan come walk down wreath. -- wall street. that's jack's approach with the vanguard. you invest in the index fund. you know what? most people like the dance. most people like the action. i'm not suggesting it's a gamble. i think there's

jim hammer and bernie grimm and ted winn. i really don't get it. three guys in a car get arrested for first-degree murder, the driver in the car next to the passenger gets charges with accessory after the fact. the two that are charged with first-degree murder are african-american, the guy who got the lesser charge t driver, got a lesser offense. can you give any explanation for that? >> there are two possibility answer i don't know which one is true in this case. either prosecutors don't have the evidence on the driver, that is that they actually don't believe he knew until after the shooting, then he wouldn't be liable for the crime itself. >> so that was ridiculous. so you agree that was ridiculous? >> it's a legal possibility, it sounds ridiculous. the second is, and i think a hint of this came out, is that somehow he's cooperated with prosecutors. the prosecutor you had on for an interview tonight mentioned the bail decision. >> you're going to get the best deal out of someone who's scared the most. you're going to scare him the most if you ch

i will take bernie sanders any day. three comments so far, a wide range of comments, about who best or present your political party. you have heard our folks talk about it this morning. tell us why and tell us who that person is. the phone lines, if you want to give us a call -- here's the latest from egypt, saying -- politics is our discussion for the first topic this morning, who better be since your political party. lakeland, florida, democrats line, hello. has -- i would have to say it has always been the president of the united states. he has represented the democratic party well. the one thing that concerns me -- thean anything else key to getting anything done is through congress. right now it needs to be done is democrats need to take congress back. thatu consider the fact for the past four years or more we have had less than 10% approval in congress, that does nothing. we need to get to -- we need to get the support we need. once the democrats get back in control things will be done in a better fashion. congres

bernie sanders has exposed the fed giving out trillions of dollars in addition to the tarp bailout. >> barney frank has taken a hike. >> that is worth talking about. you see in this congress michele bachmann and michele bachmann one of these -- wannabe's. there are fights about redistricting. >> use of the one strength the president obama, his rhetorical skill, is not sufficient. >> it has not been used at the scale necessary in this time of crisis. america is in a crossroads. this is a moment comparable to coming out of the great depression. this was a moment coming out of the financial crisis when tectonic shifts are under way in this country. hope is not a policy. policy is a wonky word. hope needs a story, a narrative. here is what is going on in this country. president obama now is speaking more forcefully about what he wants to do it and against smoking out those who are obstructing. this is really wonky. anyway, i think one of the most exciting things are the movements of our times. i closed this book out before occupy. i wrote about wisconsin. our correspondent was there for 5

bernie has been incredibly resilient to rebuild it by himself. i met him.e was a think about service restaurant saying i will build it back. this is one of many structures would like to get back on his feet in new york. it is not just international disaster. we work on 12 programs. are finding ourselves more working in the united states. here in oklahoma, you saw the terrible tornadoes. we are working locally and the regionalaia has done an incredible job. -- regional aia has done an incredible job. is way we fund and operate very pinpointed. maybe we should stop think about disasters as one town or one neighborhood, and rather than waiting for the account to be destroyed, maybe we should think about resiliency. they went to launch a resiliency fund. we've already made great steps withthat boat with -- both aia. we are working with the clinton global initiative on a number of programs look at resiliency. if we call ourselves the strongest, safest entry in the world, we should prove it. we should prove it would save basis and resilient places -- laces and re

this bernie guy, what an american hero, right?hen the guy goes back to his car, he waits for him in case he comes back, and when the guy comes back, he tackles him, right? i don't know that, you know, how many people have the courage to do that. >> i wouldn't. i wouldn't even stand a chance, obviously, but would you consider doing that, knowing that he has a gun? >> i have no idea what you would do in that circumstance, but as soon as he left the believe, my guess is i would have done like the reporter, go time, get out, get out, get out, everybody get out, including myself. led me major slightly political here, since we do a political show, number one, automatic weapons and the ability to reload. right? so he got tackled when he had to go get his other gun. now the more bullets that he can fire at one time, the more people he could have killed. he could have killed 18 people instead of three people. he had to reload, so does the number of magazines, number of bullets in a magazine matter? obviously. i mean obviously they matter.

. >> bernie grim.ther will beat a confession out of him, they're not anderson any more. it's sad, it's sad for his wife, his kids. >> i don't -- >> maybe he weathers the storm. >> i think it's sad for his wife. but he's a jerk. >> now he's showing up at the weird arson, the woman, the arson. the woman -- she was charged an accessory in the death of her old boyfriend. it's a sorted history here. >> she was alleged to have been in bed with one boyfriend when another caught them. one of the boyfriends wound up dead. >> she was charged with an accessory after the fact. and got immunity and testified. what bothers me, the worst patrons were lawyers, they were so cheap. in this case. >> let's go back to this, according to the article, he never paid the prostitute. >> which is troubling now, the sad commentary is, this is 28 years of a man's life that is now under a micro scope, and he may. i don't know the allegations that are there. >> bernie's already convicted him, because he -- >> you can get disbarred f

absolutely. >> save that one for another day. >> it's happened to me. >> yeah, it happened to poor bernieen, as always, thank you. >>> straight ahead, could your insurance rates go up 198%? how mu protein does your dog food have? 18 percent? 20? new purina one true instinct has 30. active dogs crave nutrient-dense food. so we made purina one true instinct. learmore at purinaone.com like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. it's great. [ male announcer ] the best thing to share? a data plan. at&t mobile share for business. one bucket of data for everyone on the plan, unlimited talk and text on smart phones. now, everyone's in the spirit of sharing. hey, can i borrow your boat this weekend? no. [ male announcer ] share more. save more. at&t mobile share for business. ♪ >>> 198% is obama care force something rates to go up 198%. georgia insurance commissioner joins us. good evening, sir. >> hello, greta. how are you this sneng. >> very well. i understand you wrote a le

thank you, act cue weather's bernie ramo. >> thank you.o hurricanes this season but we're certainly not out of the woods yet. my next guest says it only takes one. joining me with how weather plays an important role in the economy is planalytics. give me a sense what kind of economic impact that has had, not having any storm related damage. >> we have not had hurricanes yet. we had named storms. we have five named storms this season. bernie explained it very well. there is lot of activity out there and pulses that might happen. when a tropical storm gets in the news people basically remember last year and they remember sandy. when people start talking about and thinking about hurricanes they start to shop. that's where the economic impact comes in, right. they start to prepare for storms. they start thinking about preparing for storms. when they're out shopping they lean more toward the diy, home depot, loews of the world than they do other areas, food and things like that. >> overall we're happy there are no storms, right? there is the fa

. >>> bernie man is back -- burning man is back.sert 110 miles north of reno. organizers expect nearly 50,000 people to attend the event which focuses in on art and expression. in recent years, ceos venture capitalists and brains behind startups have been part of the crowd. people meet and network as it turns into a week of networking and partying. how about that. >>> lunchtime now. let's check in with our fresh grocer tony tantillo. today he is talking summer fruits. >> reporter: well, today's tip of the day is going to be is apricots. beautiful amount of summer fruits still available. apricots are one of the first ones to come into season and out of season of the these are coming from washington state. the color and texture is still there and so is the quality. did you know that apricots are the most nutritional of all summer fruit? loaded with nutritional value. selection and storage this time of year in mid-august is very important. when you buy them, do not compromise. beautiful arrange color all the way around. the darker the

senator and said are coauthored bills with him bernie's an amazing man and i asked him once what's it like dealing with lobbyists and he said i don't know i don't want them into my office. i'm guessing as a former republican congressman that wasn't quite your experience what what is it like dealing with lobbyists you have a good lobbyist stories are. decent lobbyist but i had a lobbyist one time that was from procter and gamble and he came in and browbeat. a young lady that worked for me she was into tears or i had another one that placed his fist on my desk and pounded it and he said i can't say everything on this program but we gave you five thousand dollars we put you in here and i said you can all get out of my office and he said but we're your constituents i said doesn't matter you can leak and nobody believes after my escapade but we had situations like that where sometimes people would say i gave you money. i expect sure and that is direct bribery if you've ever wanted to see it now and i wish i would have kept the same standard i had back then in dealing you know with. myself

southern florida. 77 in perry hall. 73 in chestertown and 75 for a dew point in annapolis and 73 in glen bernie. as we look at cockeysville at 71. temperatures are still warm this morning as well. close to 80 in baltimore city and 77 in perry hall and more of the same in chestertown. temperatures will be on the warm side throughout the rest of today. >>> usher is due in court today plus high stakes legal battle for apple. and the 448 million dollar power ball jackpot. this morning we have new information on one of the winning tickets. wouldn't that-- >> reporter: wouldn't that be nice to win? no delays on interstate 70 at columbia pike. i will show you what the other main lines look like and have the greatest drive times coming up >>> new this morning dozens of employees at the u.s. consulate in pakistan have been ordered to leave because of a specific threat to the mission. a u.s. official says the action is a precautionary measure and it's not connected to the closures of other u.s. embassies around the world. the state department has issued a nonessential travel warning to american citizens

they including former president bill clinton, oprah winfrey, bernie banks, ben bradley of the "washingtoncountry music star loretta lynn, jazz musician arturo sandoval and women's rights activist gloria steinem. they will be presented later this year. a pair of by a tigers were presented at the national zoo. today we got our first look at the moms fussed over them. the cubs appear quite healthy and the zoo keepers are excited by their birth because sue mat ran tigers are critically endangered. fewer than 500 live in the wild. ark tress karen black has died, the cause was cancer. black appeared in more than 100 movies including the classic "easy rider." she was nominated for an oscar for her performance in "five easy pieces" and she played a sultry country singer in "nashville." karen black was 74. in country music, cowboy jack clement did it all, working with so many legends as a producer, engineer and songwriter. he died today of liver cancer. ♪ note? >> pelley: clement arranged the horns for johnny cash on "ring of fire." he also helped discover jerry lee lewis and was the first produce

we've always known him as great-uncle bernie. he's hung on the wall for years and years in the family. he was hidden away in wardrobe for a while and re-found, and he's been on my wall now. well, it's on porcelain, of course. he was a porcelain decorator through and through, and a very competent painter, and here has painted his own family, and done it quite well in enamel. signed t.j. bott. this is thomas john bott, and he was one of a long generation of china decorators, and his father was also thomas bott, which causes great confusion. they came from worcester originally. and at worcester, thomas bott, sr. developed a wonderful new style of porcelain decorating-- what's known as the limoges enamel style-- a very fine use of white enamel on a dark background. and he taught his son t.j. bott to do it as well. and thomas john bott then brought that to coalport. so, thomas john bott here in 1888 at coalport, producing a plaque just for the family. we've got a matching picture of his sister, actually, as well. there's a set of them

loser is just egypt as a country you know the footage we've been seeing aerial footage everything bernie the economy's in freefall the banks of close the stock markets lots of cairo airport emergency a lot of churches a trip burning tires felice and it's just like oh my god am i watching we how is this how are we two and a half years on and things are only getting worse and worse. we're closely following the escalating tensions in egypt on the line for you had to argue dot com for live updates and of taiwan timeline of the unfolding conflict dividing the nation. plus artes you to behave you can find powerful images from cairo revealing the brutal standoff between security forces and protesters. the u.s. is boosting its military assistance to the philippines with fifty million dollars said to be provided in aid along with more navy vessels that's as tension in the region continues to rise over disputed resource rich territories in the south china sea and i would say it's an increasingly assertive china that seems to be the real reason for washington's growing in gauge ment's in the region

the day words but some of these regulators that interest turn a blind eye there for instance think bernie madoff it was laid out for them they just didn't do anything about it so is it possible that our system of bureaucratic regulations can ever work. so he no i like i like to keep an optimistic hope and think that it might that it might work and you know it's kind of interesting when you look in retrospect i talked to lots of people that worked at enron when you look at it in retrospect you could say oh it was there all along we should have seen it all along the problem is that the moment you didn't want to see it and because you didn't want to see your reality was actually quite different . you know i don't know if you like any particular sports team but every sports friend knows. if they go to a game and the referee is calling a call against a team they can't help but think they were freed evil vicious stupid blind something like that we have a desire to see the world in a certain way we and we have the tremendous capacity now later on you could say i could have done it all along i th

by position and wealth and put and power that they no longer want to tell the truth there's some bernie sanders. and others on the inside who want to tell the truth about corporate power we need organizations movements on the outside bring in pressure to bear in the end we do need a fundamental transformation there's no there's no doubt about that but we've got a long way to go in that regard the first moment is one of those social. motions and then you've got social momentum going to generate social movements then we've got something absolutely i can't see lobbyists stopping driving on the hill any time soon i definitely agree that we do need a fundamental transition an overhaul of the current system that we have dr cornel west activist author professor amazing to have you on thank you so much stronger this is to continue to been a force for good thank you so much. i agree with dr west we'd be working through all avenues that are available to us right now inside and outside of the system so there's an impetus for a revolution of values and only when that happens can we seize the opport

failures the most recent maybe the independent foreclosure review which was a complete debacle we had bernie made off is it possible for regulations and regulators to ever work well i think it's possible but i think we have to be very critical in the sense that the industry basically captures the regulators and that's why i've really come to be a brutal leader and big sticks you know so that's why i say we really want to break up the big banks if they were going to regulate and i don't believe that you have to break them up and that's why you know a glass steagall before separating investment banks from the commercial banks the simple commercial banks love to see something like that brought back again because they don't count on the regulators to prevent basically commercial banks from speculating with government insured deposits but if you let's say that you're j.p. morgan and you spin off their commodities unit like they're doing let's say they completely abide by this division is it possible that we end up with still into too interconnected to fail well you can never guarantee that you wo

because the government owns lloyds as well right another word for that is ponzi scheme and just like bernie madoff ponzi scheme or you call it the straw man is buying the shares in this case the straw man being osborne he's buying his own share same thing in the bank of england they issue bonds that they themselves buy back in the open market so that is a classic definition of a ponzi scheme they're inflating this enormous real estate share bubble the thing that got them into trouble in two thousand and eight instead of reforming the banks they simply attempt and have succeeded so far in blowing a bigger bubble if they wanted to increase the wages of people in the u.k. they could do one very simple thing. increase the wages of people in the u.k. simply double the minimum wage you don't have to go through the machinations of manipulations through the bank of england pay some foreign hockey puck damage to the brain mark carney to come in there and spill a lot allies on the b.b.c. and take a lot of money that is going to distribute those bodies in the banking industry claiming it's going to in

treasury and and should operate with greater transparency and they should be audited every year and bernie sanders pushed really really hard for that we did one year audit we discovered that the fed had created over thirty trillion dollars worth of money you know during the during the crash to those exactly and there were many problems with that audit in the first place i'd like to move on to your opinion like what does it actually take what is the meaning of our national surplus you know our bones of payments how does that fit into your view as a progressive well the balance of payments the balance of trade that's one thing debt is a whole completely different thing balance a trade you know for making things or creating wealth if we're buying things we're losing wealth and ship it overseas but that doesn't necessarily mean that you know a debt is simply an expense it's an expense on the balance sheet of the government and the question is can we service the debt and you know in a day and age when we're spending hundreds of tot why i don't know what the multiplier it is but if you consider