president whoever it is preside over an empire of debt that is past the point of no return well bill bonner best selling author and a bore if an actual founder is here to tell us what he thinks and improving better the next estimated u.s. economic data pushes stocks higher today at least so say the headlines initial jobless claims and consumer confidence are included in the basket of numbers out today but what exactly do they mean what is in these numbers calculated by economists that supposedly show the economy's improving well discuss plus superstorm sandy aftermath. how much are you willing to pay for a gallon of gas everything i don't know you see the signs from shortages of fuel to long lines for gas in new jersey to a black market in batteries flashlights and outlets in lower manhattan we'll talk about the case for price gouging let's get to today's capital account. watching presidential politics play out ahead of the elections next week there are speeches there have been debates there will be more speeches there begin last the presidential hopefuls tout plans they hope to be taken se

so let's bring back in and before the break i played a couple of clips you named them accurately bill bonner mark's father talking about the importance of wages as an economic indicator better than than anything else do you agree that this is the best indicator of an economic recovery or lack there of . i think one needs to look at a number of things but certainly us but it's this way that's a very good indicator and it's even worse than what those guys mentioned because there's skill involved here there are you know union workers who are getting above average wage hikes at least in comparison to everyone else the and certainly some upper echelon you know job workers are getting some you know pretty big hungry increases and it's all average debt you still average all of that and the trends that are going down like that so what does that site that says you know that there's a certain class there that perhaps not getting any wage hikes at all no nobody creates in their take home pay yet and another thing mark flaubert and and sharon and i'm sure they would agree with me on this you have to fac

don't we want that bill bonner is that how you create wealth and full employment sounds pretty good to me whether if you could do it that way the people in zimbabwe would be the richest people on earth or the people in argentina or the people in via margarine money you know it doesn't work that way unfortunately you just can't get something for nothing if you want something you've got to get it the old fashion way you've got to work for it you've got to say you've got to invest in capital producing capital of productive businesses you can't just print your money you can't just borrow money the whole thing is so crazy that whenever i hear somebody say that i just don't know where to begin to write. that apart it's just crazy you know this this stimulus thing is just a scam what it does is it by it takes money from you by steam assuming a central bank stimulus i mean and essentially buying it and fist fiscal and monetary either way it's the same thing you take money from the real productive economy and you give it to say banks now is and then the the idea is that the banks then will let

network will host a political panel at eight g three seven one to two rights by having guests like bill bonner jim rogers karl denninger at center on your show it's driving me to be criminally insane all they do is make sense you know y'all could be held legally liable for this i sure hope we do i sure i sure hope we are liable because that's what we're here for and that's all we have time for today that's it for our show thank you so much for watching make sure to come back tomorrow and in the meantime you know you can follow me on twitter out lauren lyster you can like us on our facebook page to give us feedback on our show and you missed it you tube dot com slash capital account watch us in h.d. on hulu and from everyone here thank you for watching have a great weekend and a great night. government no longer represents the breach. of the border structure. at least in the judicial system but. the way our economic system. is not. wealthy british. markets. can. find out what's really happening to the global economy with. no holds barred global financial headlines kaiser report. two parties kee

president whoever it is preside over an empire of debt that is past the point of no return well bill bonner best selling author and a bore if a natural founder is here to tell us what he thinks and improving better the next estimated u.s. economic data pushes stocks higher today at least so say the headlines initial jobless claims and consumer confidence are included in that batch of numbers out today but what exactly do they mean what is in these numbers calculated by economists that supposedly show the economy.