fifty trillion dollars davros is a joke city at davos davos. davos generate a lot of internet in a traffic which generate a lot of advertising revenue for people to participate in the zero interest bearing gaming economy but there's no economic activity roubini was at davos he uttered some platitude nonsensical claptrap related nonsense about how this was going to happen that was going to happen but all of his utterances are based on an economic model that is now obsolete but what did happen was that you had internet traffic which got ad revenues generated from people who are basically training at a gaming currency called the euro or the facebook credit or the hollywood dollar which is the one i created back in the mid ninety's except for well talk about chutzpah the co-chair of the world economic forum last week was a victim panned it the head of citi group who saw the company become a ward of the state essentially larry summers who destroyed the financial system was almost single handedly responsible for it he was there saying well capitalize

the big question looming over davos 2012 was whether the rich and powerful could manage their affairs with any skill and competence. as the gathering dispersed, the question remained very much an open one. in davos, where a hard snow was falling, you don't need a weatherman to know which way the wind blows. i'm daniel gross. >> tom: and finally tonight, the super bowl is more than just a football game; it's the most expensive advertising time there is. with millions of dollars at spent, tonight's "beyond the scoreboard" looks at whether its money well spent for shareholders. here's rick horrow. >> reporter: with more than 100 million people expected to watch live, the super bowl presents an incredible opportunity for marketers. with that opportunity, however, comes a cost. this year, 30-second commercials in the game averaged $3.5 million, with some spots reaching as high as $4 million. the multimillion-dollar question is, are the ads worth it? from a stock market perspective, the answer is yes. according to a study by the university of wisconsin-eau claire, super bowl advertisers fro

davos yourself. i think the word that peter used when he went into davos was struggling. >> the prime minister is exceptionally well educated, and i am sure he has a very full vocabulary, and to make proper use of it. >> yesterday, it was announced that a french company got the first round for a contract with india. that is disastrous news or thousands of workers up and down the country, particularly in my constituency. given the long relationship between india and britain, given the fact that we give many, many times more aid to france -- to them and france ever did, the full force of the government in an attempt to reverse this decision? >> of course, i will do everything i can as i have already to have the indians look at it, because i think it is such a good aircraft propulsion it is the indians and looking at the lowest bid. they have not yet awarded the contract. i will say to my right honorable friend, with the people employed in his constituency, we do not expect any job losses stemming from

fighting against it and no one in power seems all that concerned not really least that's how i felt at davos listening to these guys and that's not even taking into account just how fragile our economic model is we were looking back at videos from two thousand and eight because that's what we like to do in our spare time during the financial crisis let's just move wind a second for you watch this. concerns continue to be the leveraging that we are seeing around the world by my drugs with other investors with recessionary fears that were brought to the world today by the fact that its economy right to the first time sixty years. listen did you listen to just how vulnerable our entire economic model is vulnerable to the realities of life in real life prices don't rise forever and economies don't grow every quarter year over year over year forever but that's what we expect that's what we're obsessed with growth propping up the system to keep it going at davos speakers were harping about growth no differentiating between good growth and bad growth just come on we've got to grow and we've seen ho

criticizing germany right now i was at davos cameron david cameron from the u.k. george soros everyone is indirectly criticizing germany because they want germany to spend more money the fact that they are being blown up is the clash of the titans this is written by a man ok men just don't like women however they think they can't get along i think this is misguided and. i think it's just interesting how women fight as opposed. to get out and shout that each other woman spreads rumors oh come on this is just a little of stereotypes women and men both fight dirty they both you know are passive aggressive i don't buy it women ok let's move on. if you guys this is an absurd ok speaking of fighting this is the lawyer that evidently fights the best against wall street according to time magazine this is the man busting wall street their least favorite attorney he is pretty. i hope i said that right he has a record of zero losses when it comes to insider trading but when you look at some of his tactics and we already know what the tactics are on wall street ok it makes yo

the prime minister was in davos. if the prime minister finds that the situation is so encouraging, why did they not come to washington? they had just been laid off? it is quite incredible. we're talking about the economic action plan. we are opposed to the exploitation of this. when the time comes to make investments in education or when we tried to invest in the aerospace, they voted against it. they tried to tell us what to do. >> canadians are concerned about being able to save for their retirement. they would double contributions. it would mean an increase. >> of us and to hold off on their paws. >> this would mean increased payroll taxes on small and medium-sized businesses. in this time of global uncertainty, imposing this is just irresponsible. please tell what this government has done to help canadians plan for their retirement. >> thank you. thank you. and nicias been communicating with her constituents in helping them to some solutions in helping prepare for their retirements. today there are debating a new

only you know over there i'll serve the new republic all right i came back from davos and shannon is this new and philosophical outlook and you're working with only you for a week to have. you know see how to develop. ok. meanwhile. let's talk about commodities because a combination of severe drought and historically high grain prices continues to drive hate prices higher leaving no way for horses and animal rescuers are actually being flooded with horses because owners can't afford to feed them it's not a happy situation you can't penalize the good people out there with horses that are doing the right thing it's the economy and it's the price of hate what is the price of hay right now it's about twenty dollars bail. and last year about this time it was about nine that's a big change nine dollars to twenty dollars is this and that global rattling the commodities market is this one more fallout over the shame because i was there we were have a tradition crisis in this country with fuel energy. where you said you have the arts and we you know the one top of the just one just when i tho

last week, they talked at the world economic forum in davos. his speech drew criticism from opposition members. here is what they had to say during a 45-minute series, courtesy of a channel. >> mr. speaker, canadians are bracing themselves for the deepest round of cuts since paul martin, cuts to services that canadians need, like oas abnd -- and ei. when will the prime minister tell canadians the bad news? on his next trip to switzerland or somewhere else in the world? debbi >> well, mr. speaker, this government got a mandate to gradually reduce our deficit to zero. we will do that while protecting the social programs that canadians cherish. that is the commitment we have made to the people. we will ensure that this is sustained for future generations. >> the prime minister wanted to announce but the prime minister is looking at security benefits. it is offensive and insulting to seniors. instead of tackling poverty among seniors, the sick -- the conservatives are attacking the seniors themselves. why does the prime minister want to cut securit

so there was christine lagarde in davos she's head of the i.m.f. collecting money for the i.m.f. the other woman angela merkel the leader in germany and she is collecting money for the i.m.f. for europe and china as we speak but there's this article talking about the female titans that they are but but saying are they is this the battle of the female titans you know or is there tension and the the article cites you know le garde criticizing germany for relying too much on exports and then talk about how then merkel fired back kind of a response to that at her speech at the world economic forum so i don't know do you guys buy this well this is the reemergence of the franco german rivalry right we've seen that that was the time of bismarck we saw it again in world war one and world war two and france is still reeling from a six to defeat so i think merkel. being chancellor she was in the limelight now christine lagarde as you said she was majestic and. very tall very elegant woman. i think it's i think going are clearly the level of competition and i don't blame. you know you know

thank you very much. [ applause ] >>> another event from davos now. sheryl sandberg and others talk about women's leadership roles. this is about half an hour. >> i have to say, this is something of a milestone. there has been a tradition to regard women empowerment as something that is worthy and nice but also a soft issue and secondary and to have this discussion with this extraordinary panel being held in this large hall is a reflection of the degree to which this issue has grown up and graduated to a perception that if you want to address the world's key issues, whether it be global poverty, economic development, climate change, insecurity, then you have to do it by educating girls and bringing those educated women into the formal labor force and into the positions of power, whether here at the world economic forum or all over the world. we have this terrific panel to discuss these issues with. from my left we have prime minister of thailand. we have archbishop desmond tutu and the ceo of holdings in bahrain and a real leader in empowering women i

columnist from morgan stanley asia was interviewed at davos along a similar theme as well stephen roach explains how the fed is pulling the wool over our eyes so we have a lot of squealing zombie debtors in america and the u.k. and other debt debtor nations australia canada any time the notion that rates should be raised they shriek and it never happens well stephen roach talks to bloomberg and he talks about the fact that china is actually doing a lot better because they've introduced over a dozen marching requirement rate hikes and they've also raised rates so that real interest rates are actually in real terms positive and then he goes on to say this when he's asked whether or not this would be possible in a democracy in a democracy do those actions do there you know we truly regret paul volcker well you know but do you suppose no excellent question i mean yours told us paul but we need we need a central banker who can really deliver. the goods and we've got central bankers right now who are i think trying to pull the war as was zero interest rates in this magic called quantitative e

blue shirts i think we've decided on my heart on the final say here christine legarde she was up at davos i think she had it right you know here we saw that greece is no longer going to have these austerity measures or the i.m.f. is afraid of it christine legarde also said in davos that portugal spain all the rest of europe all these peasants they're a little bit too close to paris london and berlin and maybe they're a little bit too afraid of austerity measures here thought was thought more about that stays there were thank so much being on the gaza report thank you max don't go away much more coming away stay right there. mission. critical three. more charges. range from three. three stooges free. download free born to video for your media project a free radio dongarra t.v. dot com. welcome back to the kaiser report on max kaiser and. from santiago chile welcome to the kaiser report and it's always a pleasure thank you all right so you're a bit of an expert in the area and one of the hallmarks of the i.m.f. and latin america we were talking about there in the first half was austerity wh

heart on the final say here christine legarde she was up at davos i think she had it right you know here we saw that greece is no longer going to have these austerity measures or the i.m.f. is afraid of it christine legarde also said in davos that portugal spain all the rest of europe all these peasants they're a little bit too close to paris london and berlin and maybe they're a little bit too afraid of austerity measures here want was thought more about that stays there are things i want to bring on the gaza report thank you max don't go away much more coming away stay right there. welcome back to the kaiser report on max kaiser and from some judge go chile gonzalo lira welcome. the kaiser report as always it's a pleasure thank you all right so you're a bit of an expert in the area and one of the hallmarks of the i.m.f. and latin america we were talking about them in the first half was austerity which they used to call structural adjustment policies just before syria are the i.m.f. wants europe against implementing further austerity so what's going on here well it's basically you know

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max the whole world would be devoid of the zombie banker is not i want to make a protest igloo in davos that looks like fun rub noses with some of the locals or mostly then goes on to a second point he said this brings up my second criticism with regards to the interest income channel lowering rates in general in the first instance merely shifts interest income from say verse to borrowers but he then goes on to say that while income for savers drop by nearly the full amount of the rate cuts costs for borrowers haven't fallen that much with the difference going to net interest margin of lenders thus you're enabling and feeding and empowering the zombie bankers and you know think of this where the capital is flowing through the economy it's a pipeline of capital if you will and the lower interest rates have the effect of the shutting down the pipeline of capital and causing deflation the central bankers are saying well we need lower interest rates to increase liquidity in the system that's patently false that shows that they have absolutely no idea how this economy works so unlike a chris

because i got into a bit of a back and forth that i really didn't have time to respond to is during davos things are busy chasing people marked out tweeted that the data tells us an ambiguous lee the fed is debasing the dollar assertion is wrong to which i replied well it sure did basing my savings account he tweeted back and said how do you measure if we can advance that how do you measure the extent to which government is debasing your savings. i didn't get a chance to respond i measure it by the fact the market interest rates are lower than the cost of living so i'm losing money if it's sitting in savings financial repression now this spark more responses on twitter the conversation me and mark had from other people mark said it's hard to argue about debasement if the u.s. dollar is slightly stronger since printing started hedge fund invest said that's more a testament to other currencies just doing worse as a reflection of the economies and what he's getting at is that the dollar's traded relative to other currencies here's mohamed el area and c.e.o. of pimco explaining to me the doll

i said, but look, everyone was going to davos. in davos they were all saying how great everything was. and he said to me, i don't go to davos, i go to des moines. which was a great line. a line he's used before. i think it's actually important you have to remember the big businesses are starting to see signs of improvement. when will small businesses start hiring and feel confident? >> is this a disconnect you think should have investors worried? or interesting little irony. >> i think you always have to be a little concerned. everyone's telling you it's great, but it's not as bad as it once was. things are getting better. anyone will tell you that. but there will be bumps along the way. >> and a note on lennar. >> i want to point this out. this is interesting. the stock's been doing relatively well since reporting earnings back in january. but i talked to chuck of cash flow analytics. he's an accounting professor at georgia tech. he says, look, the earnings quality at lennar is flashing a big warning. he says that any improvement

another idea we've been talking about how out of touch leaders seem this is been my latest rant since davos out of touch from a lot of the problems that they're legislating problems that affect people very severely during these tough economic times so this is what i want if you're an elected official you need to at least prove you have tried to understand the possible consequences of what you are voting or not voting for you want to send kids to war in a wrong or wherever fine but you better have served or have a kid who's served or if not you spend the weekend with a grieving family who was just lost their daughter or son and i'm talking real time not some you know award ceremony you want to keep spending and spending and ignore the feds printing fine but you're better endure some kind of i don't know virtual reality that takes you to y m r germany to understand hyper inflation ok germany still resists easy money and when you look at their history you can see why the last time they let the printing presses roll and roll and roll they ended up with three billion bread and ultimately hitler

i had a chance to do just that when i sat down with the nation's prime minister in davos. it is a great pleasure to have with us the prime minister of singapore. welcome, prime minister. >> hello. >> you have always been a very careful watcher of the chinese economy. i want to start by asking you, one of the great concerns people have, looking out this year, is that the chinese economy is going to slow down. that it has built in certain excesses that in order to get out of the financial crisis, the government overspent, overlent and that these excesses are now going to bring some kind of a tough landing, if not a hard landing, in china. what do you think? >> i'm an optimist on this fund ment amentally. i think in the long term the trend will be up. they've built a lot of inf infrastructure, capacity in many industries, some in the electronics industries. but it's an economy which is growing very rapidly. urbanizing very rapidly. needing a lot of facilities whether it's roads, hospitals, schools, houses by the millions. and every year 1% of the population is moving into cit

. >>> tonight on c-span, from this year's world economic forum in davos, switzerland, see the international monetary fund along with other global leaders as they talk about the future of the world economy. >> no one is immune in the current situation. it's a crisis that could have collateral effect, spillover effects around the world and, you know, we'll hear from others but what i have seen and what we are seeing in numbers and it forecast is that no country is immune and everybody has an try interest in making sure this crisis is resolved adequately. >> let me share with you, i have never been as scared as now about the world. what is happening in europe, looking at what i experienced in -- not in '80 the crisis we had and the crisis we had in the 1990s. this is a very big issue. first of all, i agree entirely with christine that nobody is immune. we are all connected to each other. >> you can see the whole discussion tonight at 8:00 p.m. on c-span. we'll have more from the world economic forum tomorrow including a panel on the political and economic future of africa. plus, the ceos of se

at the world economic forum in davos, a group of young global leaders demonstrated their potential to be part of that process. naif al-mutawa, for example, has created 99 comic super-heroes who fight for a better world and muna al-sulayman is a human rights campaigner -- both believe society needs to be founded on basic values, values that also exist outside a religious context. >> when we're talking about values, it doesn't matter if you are shiite or sunni it doesn't matter if you're an atheist, it doesn't matter what you are. basic human values are basic human values. >> i mean there are humanitarian values. you want people who are honest, you want people who are hard working, etc. but what are the values that distinguish the arab world, or saudi-arabia or which ever country we're in, from the rest? and without understanding that we can't move forward. >> no matter where i go in the world i get criticized. in the west i get criticized because a couple of characters cover their hair, one wears the burka. back home i get criticized that they are not all wearing coverings. you can't w