we're awaiting, as i said, a statement from new york city mayor michael bloomberg. stay with us and we'll bring it to you live in a few moments. aflac! oh, i've just got major medical... major medical. ...but it helps pay the doctors. pays the doctors, boyyy! [ quack ] oh yeah? what about your family? ♪ we added aflac, so we get cash! it's like our safety net... ♪ to help with the mortgage or whatever we need! so my family doesn't feel the pain too. ha! [ male announcer ] help protect your family at aflac.com. [ pigeons ] heyyy! hooo!!! is best absorbed in small continuous amounts. only one calcium supplement does that in one daily dose. new citracal slow release... continuously releases calcium plus d for the efficient absorption my body needs. citracal. fiber one. uh, forgot jack's cereal. [ jack ] what's for breakfast? um... try the number one! [ jack ] yeah, this is pretty good. [ male announcer ] half a day's worth of fiber. fiber one. >>> and here's mayor michael bloomberg of new york city. >>> well, good afternoon. joining me today are nypd commissioner ray k

mayor bloomberg says no. roll the tape. >> there is an awful lot of people who would like to participate you just can't do that. once you taupe so the argument here is elected officials and those who were there at the time. >> bill: see, i think that's a big mistake so does "the new york post." it's appropriate to have a prayer or part of this memorial if you will based upon it was attack on our country. a lot of our country it's a religious based war. it's jihad against america. you say ms. mcdonnell? >> i say are absolutely right. the fact that there hasn't been invocation or participation by the clergy or spiritual leaders in the nine years past does not make it right. it was faith that got this country through this horrible time. >> bill: why do you think that mayor bloomberg a secularist doesn't want to have a presence. i think they should have a catholic priest, a rabbi. i think they should have an imam. a muslim guy there. >> i don't think he wants to make that decision. >> bill: why not? who is going

how is bloomberg doing progress of journalism? we may be thinking about different definitions of what that is. i'm not sure if the segue from that into investigative journalism made a lot of sense to most people's thinking in terms of how that is defined. >> have another question? >> i am a local free-lance journalist here. a couple of years ago, i had a friend. we were trying to figure out the feasibility of starting a nonprofit journalism in denver, and i remember coming across this corporate structure that i believe vermont, maybe one other state, uses in the country, but it is called a low profit limited liability company, and it is a structure that is meant to allow for profit but also to allow for tax-exempt status for donations. i found it really interesting. i found it surprising that other states did not have a similar model. this could also be a model to help budding companies in the future by allowing them more flexibility in how they acquire financing. i'm curious how many of you on the panel are familiar with this typ

free market capitalism the nexus between supply and demand if it's all in secret and it's without bloomberg request for information for for you know freedom of information act request we wouldn't even know about this one point two trillion dollar gift and i'm sure that there's a tens of twenty times more of the gifts behind the vet but there is no price discovery there is price fixing that's what we're discovering here that we're discovering price fixing and we're not discovering price discovery and now if i'm out with correct you know in the u.k. the royalty they're often fell's themselves to the public saying that the queen only cost sixty nine p. per taxpayer to keep the royal household so the royal household in america however i figure that one point to kill. divided by three hundred million equals four thousand dollars per american so i think that's like four thousand pints of milk rather than one pint of milk at the queen cost well the point being that the average american is subsidizing wall street aristocracy and it's curious that they use the word aristocracy because it goes right

and it's not his bloomberg media empire. that's the city itself. and to engage them in constructive ways, but we can't think about supplemental things. you know, supplements are not substitutes. right? and as you know, dr. dyson, charity and philanthropy is no substitute for justice and equality. >> no doubt. dr. king made that clear. and you talk about the structural changes that are necessary to of course make these supplemental additions to their particular economy something that's attractive. but do you think the giving of the money itself creates such a groundswell of tremendous media attention and attracts other donors who might follow suit with their pocketbook backing up their rhetoric? >> i hope so. but i don't want folks to think that we can have private solutions for public problems. i hope other people do give their money. this is really, really important. and again, i applaud his effort. but we can't have private solutions for very, very real public problems. i'll give you an example. the new york viewers will be familiar with the monu

because there were real rates of return there but within a few hours of this article appearing in bloomberg and harris reporting germany is just going to give right and this is a trend that wall spread around the world as the crisis really becomes more pronounced around the world nobody in any of the g eight or g twenty countries is doing the right thing which would be to start to negotiate a new bretton woods agreement and to recalibrate the world's currency and for the dollar to take a massive devaluation against all these other currencies nobody's going to do that yet they're going to let the the crisis you know as naomi klein calls it a disaster capitalism they're just let the disasters happen and then they try to grab as much as they can after the disasters happen there's no proactive policies whatsoever barack obama's a perfect poster child for disaster capitalism he's got taking one proactive action at all he's just letting this thing collapse which is great for bankers on wall street because it increases their fees it increases the debt load and it just makes them a part of this eme

now of course could go a lot higher because we are currencies are going to zero well according to bloomberg article they said they pulled will rise as high as one thousand seven hundred thirteen this year one thousand nine hundred thirty eight twenty twelve according to the median in this survey of the four most accurate precious metals forecasters tracked by bloomberg over the past two years that mean mean twelve consecutive annual gains the long. winning streak since at least nineteen twenty right and we're going to be talking about this winning streak continuing for another ten years at least and the only ball ball in this situation is the u.s. dollar you know the u.s. dollars down and it's still in a massive bubble as all this debt ceiling to pay back all proves there is no underlying growth scenario one can construct that would equal pay down debt in any configuration but also max the other thing is gold would have the longest winning streak since at least one thousand twenty german rates negative for the first time since one nine hundred fifty seven and yet none of the mainstream fina

my guest tonight is the washington executive editor of bloomberg news.ill talk about the debt ceiling. please welcome al hunt. good to see you. [cheers and applause] how is the good lady? >> she's just fine. she said to say hi to you. >> stephen: al, you are a consummate washington insider. you've been a journalist in washington for 42 years. for 35 of those years you wrote for the wall street journal. for the last five years you've been washington executive editor of bloomberg news. you host the political capital with al hunt and make the appearances on the sunday shows, get out there and give your opinions out there. i just learned earlier that we might get downgraded by moodies and standard & poor's because of way washington does or does not work. i like conflict, but i don't want higher mortgage payments. can washington work again? >> probably not. >> stephen: thank you so much for coming. al hunt, everybody. [cheers and applause] pithy that's what we want. >> it used to work in a different way. itym wasn't that they avoided he fights. tip o'neil and

al hunt of bloomberg

for most accurate precious metals forecasters tracked by bloomberg over the past two years that may mean twelve consecutive annual gains the longest winning streak since at least nineteen twenty right and we're going to be talking about this winning streak continuing for another ten years at least and the only ball ball in this situation is the u.s. dollar you know the u.s. dollars down and it's still in a massive bubble as all this debt ceiling debate débâcle proves there is no underlying growth scenario one can construct that would equal pay down on debt in any configuration but also max the other thing is gold would have the longest winning streak since at least one nine hundred twenty german rates negative for the first time since one nine hundred fifty seven and yet none of the mainstream financial press or any of the mainstream politicians here in america address the historic nature of just exactly how extreme the situation is in america what we're going through globally and yet the real numbers that you're seeing the real fact of how just how much distress there is out there in th

want to just get was going on the hour a few other publications like the wall street journal and bloomberg have started to govern the story. i reported a few months ago that the manhattan d.a. was finally stepping up the investigation of interview people he's interviewed and that they were looking to use the martin act to charge time around oh jeff first lies are now works of goldman sachs and mike nuremberg who now works at bank of america explain the martin act and the martin act that that's well it's it was famous for that's what he went out for you unless they can rebut it it's very wide sweeping it's basically saying you know if you've committed any form of fraud. we're going to charge you with this and you get a criminal and then i can tell you that it's now the new york attorney general who is extremely active in his investigation and i've seen some of the evidence that he's collected from a documentary filmmaker who has just finished a movie called the confidence games demons nick rybicki it's about the fraud instead of bear stearns and he has hours whistleblower tapes and it tapes