morgan's blith masters is the twenty eleven queen of commodities shark boy girl there fierce performance in crushing goldman sachs in the commodity pits uncertainty me diamond of life masters the fearsome nicknames shark boy and lava girl apparently shark boy and lava girl are celebrating the fact that. they beat their arch rival goldman sachs the earnings from j.p. morgan two point eight billion from the commodity it's in twenty eleven guess how much goldman sachs was one point six billion what's the difference in the earnings how much more did david morgan earn one point two billion where do you know that number from the the m.f. global scandal so long point two billion of course as we started this show is missing one point two billion that was transferred apparently to j.p. morgan yeah absolutely j.p. morgan stole one point two billion from the m.f. global clients and this is the exact amount that they are claiming that they've made a head of goldman sachs over on their desk of death apparently there's this really lovely girl life masters is competing against isabel he let who is the

economy how goods and services flow but in the shadow banking system in the dark exchange world of blith and gold live there is no accountability there is no tracking they can reach and grab one point two billion dollars and claim it vaporized i mean that's that's absurd of course and in vaporized they stole it. and the article then goes on to point out that most of them of global customers have received seventy two percent of their money back executives at the chicago mercantile exchange of chicago board of trade like to tout the fact as a great feat but they'd better duck if they ever step foot on a farm they might just get punched in the jaw proselyte is still out seventy thousand dollars and the other important point here max as i said futures markets were originally established to protect from the you know the wild nature of nature so the these farmers invest a lot to plant and then it's not for a very long time afterwards that they can harvest. and in that time drought can happen severe storms and he sort of thing well the article points out that this guy hoffman he just has zero h

against isabelle he lets who is the goldman sachs head of commodities trading and isabel according to blith masters can't cope with our superior platform in industry connections a certain dark mistress of the universe has been heard to say if you are the queen you don't make markets you own the markets and everyone including goldman sachs pays the exactly they own the markets it's a rent seeking proposition they have a monopoly pricing there's no free market there's no competition they simply bludgeon these markets you know most spectacularly in the markets you know they would for example last week there was eight hundred million ounces of silver traded in one single day this is more than all the silver that's mine during the course of a year this is directly out of blights corrupt lawyer in this sprawling this trading activity that smashed the price of silver just to keep in good with her paper god masters who hate gold and silver because they pursued the god of paper well i thought with these two women love a girl i live master's and isabel battling out in the commodity pits i thought i w

justice scalia seemed blithely unaware of the fact.ing the justices conduct oral argument this week, you would almost thing they were reading straight from commo threads on red state.com. >> and talking to every reporter who will listen, how unbelievable he saw the proceedings. i was appalled to see at least a couple of them were reporting the most tendoutious of the tea party arguments. to hear it coming from the bench was depressing. former solicitor of president clinton and recently filed a brief on behalf of the democratic leadership in the house and senate defending the affordable care act. thanks for being here. >> good evening, chris. >> here's where i want to start with you. i get the sense people who are court watchers who have watched this develop over two years started out basically thinking there wasn't going to be much of a problem. after listening to arguments in the first three days are now maybe beginning to reconsider that. what do you think accounts for the mismatch between perceptions early on how squarely the law fi

and here blithe into the president's budget comes another $111 billion. i'm sure that there can be some explanation for it, but i really do think the american people, don't you, are owed a prepared secretary before the budget committee that could lay out explanation for what this is so we'll know how much overcos ovee already are on this plan. mr. johnson: a hundred billion here, a hundred billion there, it starts adding up to real money, doesn't it? one thing i'd like to point out too so that people don't think this 90 million people getting dropped from their employer coverage is a fantasy, it's not. it's very realistic. let me explain that. i bought health care for the last 31 years. and the decision employers are going to make is going to be actually quite easy. it's not going to be a complex financial decision. employers are going to be faced, because of the health care law, they can say, okay, i can pay $15,000 for family coverage or i can pay the $2,000 penalty and because of the health care law subsidies, you're not exposing your employees to fina