major power plays which are probably trying to figure all that out and here to help us do that is bob english contributing editor for a zero hedge and economic policy journal dot com and he has really been looking into all of this and has some really really interesting insights so first of all bob english thank you so much for being on the show. thanks it's great to be back here again and yes we are going to be discussing the larboard. all right that's not going away anytime soon first bob i want to ask you about bernanke you broadly he talked about switching to a market based indicator possibly but please decode for us because this is ben ben bernanke is burning his definition of a market based indicator of the same as your definition of a market based indicator probably mine or a lot of our viewers. i would think not and we need to take a step back here for a second to just think about what who is the great manipulator when it comes to live war and that's none other than the central bankers themselves because it is them after all who are setting the short term interest rates and it's their

>> bob: he went to london and compared his work in salt lake city, town of 500,000 to a town of 7 million and said the security wasn't adequate. he knows -- >> greg: the english media said it wasn't adequate. >> bob: that is not the point. if you want to be a world leader you want to diss everybody. >> greg: if there are american athletes there, you're damn right. >> andrea: in political campaigns it's not wise to make your message criticizing -- >> dana: all he needed is the picture. president obama and mitt romney are doing too many interviews. they could do without those. especially now. in the dead heat of summer. everybody is watching the olympics. they will get back to the economy. you are right. he could haven't moved the olympics. the timing wasn't ideal. >> andrea: he is thinking they are not going to drop this. we get to this later, but they'll have elizabeth warren and others speak at the convention. they're not backing off we didn't build the comments. but he was gaining momentum and had obama on the ropes and left. democrats aren't going to stop using the talking point. >> bob: eric made a point about fundraising about obama. but the good thing f

. >> bob: gates said without the space program he couldn't have built the p.c. what do you say about that? >> dana: without english class i could haven't been the press secretary. >> bob: su n.b.a. said it's the american way and i wish the president would learn how to be an american. get the quotes right. >> eric: he also didn't say what would obama know about creating jobs and running companies? he spent his 20s, younger years smoking. coming up, person who supported president obama in 2008 may be bailing on him in 2012. details coming up. ♪ ♪ [ male announcer ] if you believe the mayan calendar, on december 21st polar shifts will reverse the earth's gravitational pull and hurtle us all into space. which would render retirement planning unnecessy. but say the sun rises on december 22nd, and you still need to retire. td ameritrade's investment consultants can help you build a plan that fits your life. we'll even throw in up to $600 when you open a new account or roll over an old 401(k). so who's in control now, mayans? ♪ ♪ >> greg: welcome back to "all my children." sunday "new york times" had thing on penny, weal

. >> bob: gates said without the space program he couldn't have built the p.c. what do you say about that? >> dana: without englishss i could haven't been the press secretary. >> bob: su n.b.a. said it's the american way and i wish the president would learn how to be an american. get the quotes right. >> eric: he also didn't say what would obama know about creating jobs and running companies? he spent his 20s, younger years smoking. coming up, person who supported president obama in 2008 may be bailing on him in 2012. details coming up. ♪ ♪ this man is about to be the millionth customer. would you mind if i go ahead of you? instead we had someone go ahead of him and wifty thousand dollars. congratulations you are our one millionth customer. people don't li to miss out on money that should have been theirs. that's why at ally we have the raise your rate 2-year cd. you can get a one-time rate increase if our two-year rate goes up. if your bank mes you miss out, you need an ally. ally bank. no nonsense. just people sense. ♪ ♪ >> greg: welcome back to "all my children." sunday "new york times" had thing on penny, weal

bob roll. >> learn to speak english. >> do you a, clean your bum? b, eat it with chips?now what it was. >> it is clean your bum, eat it with chips or roll it down the hill. >> clean your bum. >> roll it down the hill. >> clean your bum. bob roll is toilet paper. >> i said that. >> what's the prize? >> oh, the prize is fantastic. >> okay. finish the sentence, i'm going to a casino because i feel, a, manky, b dodgy or c jammi. hoda, a, b or c? >> it is amanky. >> it is c. >> right, it is c, jammy in britain means lucky. >> number six. >> how many more are there? i'm exhausted. >> you have just been put into a panda car because, a, you're on the way to the nut house, b, you're on your way to jail or c, you're on your way to the zoo? hoda. >> jail. >> you are absolutely right. it's a police car in britain. >> let's tee it up it's the last question. and it's 2-2. this is the tiebreaker. >> you're going to answer it because i can't blow the daggone thing. >> hoda! >> we can't even understand him. go ahead. >> the last question. if you just brought your man y-front y-fronts. >>

bob, your own words, you just said -- say it again. you didn't build that. >> he said before that, roads and bridges. >> that, roads and bridges. >> you did not build that. >> not in english it doesn't. >> do you want to go there? go ahead. >> the debate depended on two words. we've done president obama no favors by giving context. the more context you give him,let worse it is because in the overarching philosophy he has he believes government is more important -- >> he said it yesterday. >> i said it weeks ago and a year ago on this show. i said it will always be about the individual versus the government. >> obama had a moment of actual dishonesty. he tried to explain it and said what i said was, we need to stand behind them, meaning businesses. actually, he never said that. he's spinning his wheels. david axlerod said this morning we're not worried. if they're spending this much money, when you're flaming, you're -- explaining, you're losing. >> i want you to respond to this. governor sununu last night. >> the problem is the president actually believes that garbage and that's what is wrong with this administration. this president, his administration and campaign is del