s to urge britain's eight point six billion pound crown estate should be turned into a sovereign wealth fund to rival governments backed investment funds that have sprung up across europe the middle east and asia in the last twenty years a group of labor m.p.'s will say this week basically this is a great idea because other countries like norway famously have a sovereign wealth fund from all that north sea oil britain could have had a sovereign wealth fund had they created one based on a north sea oil but instead they reply now that into a house by kulish and bubbles you know part of the reason they don't have a sovereign wealth fund is due to the bubble popping in two thousand and eight norway was not so foolish other countries are sovereign wealth funds here in the u.k. they're saying take the palaces that are owned by the crown i think you mentioned eight or nine billion pounds worth wrapped those into a palace backed bond essentially and then you can use that as a fractional palast lending obligation facility and spin that to eighty ninety one hundred billion pounds to go out there

s to urge britain's eight point six billion pound crown estate should be turned into a sovereign wealth fund to rival governments backed investment funds that have sprung up across europe the middle east and asia in the last twenty years a group of labor m.p.'s will say this week basically this is a great idea because other countries like norway famously have a sovereign wealth fund from the all that north sea oil.

s to urge britain's eight point six billion pound crown estate should be turned into a sovereign wealth fund to rival governments backed investment funds that have sprung up across europe the middle east and asia in the last twenty years a group of labor m.p.'s will say this week basically this is a great idea because other countries like norway famously have a sovereign wealth fund from all that north sea oil britain could have had a sovereign wealth fund had they created one based on a north sea oil but instead they reply now that into a house by kulish and bubbles you know part of the reason they don't have a sovereign wealth fund is due to the bubble popping in two thousand and eight norway was not so foolish other countries are sovereign wealth funds here in the u.k. they're saying take the palaces that are owned by the crown i think you mentioned eight or nine billion pounds worth wrapped owes into a palace back to bond essentially and then you can use that as a fractional palast lending obligation facility and spin that to eighty ninety one hundred billion pounds to go out there

s to urge britain's eight point six billion pound crown estate should be turned into a sovereign wealth fund to rival governments backed investment funds that have sprung up across europe the middle east and asia in the last twenty years a group of labor m.p.'s will say this week basically this is a great idea because other countries like norway famously have a sovereign wealth fund from the wall that north sea oil britain could have had a sovereign wealth fund had they created one based on a north sea oil but instead they reply now that into a house by kulish and bubbles you know part of the reason they don't have a sovereign wealth fund is due to the bubble popping in two thousand and eight norway was not so foolish other countries are sovereign wealth funds here in the u.k. they're saying take the palaces that are owned by the crown and i think you mention eight or nine billion pounds worth wrapped owes into a palace backed bond essentially and then you can use that as a fractional palast lending obligation facility and spin that to eighty ninety one hundred billion pounds to go out

their wealth of creating wealth through property so this is the first head by max and it's turned crown estate into sovereign wealth fund labor m.p.'s to urge basically this is a great idea because other countries like norway famously have a sovereign wealth fund from all that north sea oil china has trillions of dollars in reserves made up of a chilling us dollars and then more chileans of other currencies britain however they sold sixty percent of their gold under gordon brown they have no sovereign wealth fund and they've got an economy that's overly reliant on fraud and really hypothecation so yes i say to the queen elizabeth respectfully return all that unused collateral into something that can help the nation think of it as being on the vanguard in this global financial war and when it's not sexy don't you want to be a war queen you can be like there's a financial war going we're going to put up the palaces collateral defy the financial war you know it's exciting get on t.v. make a few speeches you can make a movie about user space missed that some of these previous monarchs made movies

well the crown estate is eight point six billion pounds worth it's the palaces the land but also the large parts of reason street and oxford street all that area they did have an eleven percent return on it now this money however they do not control it goes directly to the treasury so what they're saying is that they could use i guess leverage it up and vest overseas in china in hong kong and in infrastructure projects domestically and to pay down debt so i'm assuming they want to leverage it up and use this as more of a speculative vehicle because all these other sovereign wealth funds that they talk about are dominated by oil natural gas which puts a lie to the fact that you can somehow like magically spin your way with debt and financial products into the wealthiest nations in the world well it goes back to the creation of the petro dollar in the one nine hundred seventy s. when the u.s. defaulted on their bonds and went off the gold standard that was the first major default via america of their bonds in one hundred years then they went on this petro dollar standard and increased

first of all, last month crown decided to turn itself into a real estate investment trust.eits get special tax treatment namely so long as they pay out 90% of their profits to investors in the form of dividends they don't have to pay any corporate income tax. as part of this reit transformation, paying a 35 cent quarterly dividend. crown castle has so much growth. i believe they'll be able to raise that payout year after year after year. we know that reit model works in this business because american tower already did the same thing, turning itself into a reit about 22 months ago. the shorts, looks like they're wrong. what else? just this morning, crown castle reported while the headlines numbers were mixed, one penny miss while revenues came in higher than expected rising 20.6% year-over-year. the commentary was extremely bullish. management talked about how the wireless carriers are planning to spend massive amounts of money building infrastructure. they see business and i quote as an unprecedented level of visibility with verizon, at&t and sprint and t-mobile talking abo

crown molding when you get to the top. >> there are lots of expensive homes here. >> beautiful gourmet kitchen. culinary delight. >> all glass walls, ceiling, sky let. >> it is a steal at $2.8 million. >> our real estate is main industry. >> we continue to have one of the lowest unemployment rates in the country. >> so much so today for the firs time most of the richest counties in america surround washington, d.c. the rest of america had a housing recession. >> everybody else housing prices went way down. not in washington. >> it is special because the people who control the government and tax you live there. >> they live there and they like it there. >> lobbyists politicians, government contractors. >> consider where they work. many office buildings resemble fal lasses. >> it is like their side before the french revolution. people in washington never leave washington. >> congressmanal lon grace son lost his seat but then ran again and won. he says if there is royalty in america. >> it is not the congressman it is the lobbyists. they are the royalty of washington, d.c. who made it that way? >> you congressmen made it bypassing all of these laws. >> it is passed. >> if we have big government there's m

crowns a new king of acting. and he did it -- immediately after marathon viewing every episode of breaking bad. and later, the screen writer of the new movie about wikileaks, the fifth estateill join me. if we have time i will show you a clip of some of his writing for "the west wing" that's coming up. versations than i'm equipped for, because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. at massmutual we're owned by our policyowners, and they matter most to us. ready to plan for your future? we'll help you get there. >> the campaign for senate in the state of connecticut, allison grimes, outraised mitch mcconnell in the first quarter of the year. grimes raised more than 2.5 million. five term republican, mitch mcconnell. minority leader of the senate raised $2.2 million. mcconnell need more money fast because he faces a primary challenge from a tea party businessman matt bevin pouring his own money into the campaign. coming up next, how ted cruz got caught having a secret meeting with house republicans last night. that turned

crowns a new king of acting. and he did it -- immediately after marathon viewing every episode of breaking bad. and later, the screen writer of the new movie about wikileaks, the fifth estateill join me. if we have time i will show you a clip of some of his writing for "the west wing" that's coming up. that's why you take charge of your future. your retirement. ♪ ameriprise advisors can help you like they've helped millions of others. listening, planning, working one on one. to help you retire your way... with confidence. that's what ameriprise financial does. that's what they can do with you. ameriprise financial. more within reach. >> the campaign for senate in the state of connecticut, allison grimes, outraised mitch mcconnell in the first quarter of the year. grimes raised more than 2.5 million. five term republican, mitch mcconnell. minority leader of the senate raised $2.2 million. mcconnell need more money fast because he faces a primary challenge from a tea party businessman matt bevin pouring his own money into the campaign. coming up next, how ted cruz got caught having a secret meeting with house republicans last night. that turned out to be not so secret. neil