dollar if the u.s. dollar was going into a hyperinflation or there was a crisis of confidence and basically i believe that that would take something like the bretton woods system where the u.s. dollar would be redeemable in gold but to foreign central banks only because believe me when when this current monetary system starts to fall apart they're going to want to try and run some scam on us again and only back they're going to try and back the fewest dollars possible with gold and so by making foreign central banks only eligible to regain their gold bets that's the way of cheating the most cheating gold the most by making the fewest dollars possible we do modeling gold. when i did this whether what i did was found out how many dollars are held by foreign central banks and you just divide it by the ounce of gold that the treasury claims to own they may not it all of the gold that the u.s. supposedly has was turned over to the federal reserve in one thousand nine hundred four and the treasury has a bunch

dollar being a c. as been around for forty years it seems like it's overdue to be replaced and bring back something of tangible value like the gold standard you've been talking about this. for quite some time talk to us a little bit about how you transition to a gold standard in other words you've got a lot of feet out money out there do you need to figure out the ratio between fiat's money and the available gold and the the money supply for example in the u.s. how does that factor into a transitional you know what i was writing this is one of the chapters that was actually cut out of my book my book was two and a half years of research and editing but actually the research was six years because it goes back to the beginning of when i got into this really. and one of the things that i did as an exercise i was when i was writing back in two thousand and six roughly. i went and found what would it take to instill confidence once again in the u.s. dollar if the u.s. dollar was going into a hyperinflation

dollars the swiss national bank is printing dollars the european central bank is printing dollars the bank of japan is printing dollars and the whole world is happy europe's debt crisis problems central banks to provide dollar liquidity max everybody's happy why would they need dollars well if it was like two thousand and many they would need dollars to unwind all of those derivative contracts they've used to foist financial pressure on the world that's correct because the unit of fraud in the global financial system is conducted in which currency the u.s. dollar that's correct and that's why everybody needs u.s. dollars at the moment in order to sustain this global ponzi scheme right so they're crap because they can only wind their little credit freeze up without actually getting more dollar so it's this is the great game america has played for decades isn't it that it's a dollar based world and if you don't dance to our tune we cut off the supply of dollars and you're trapped that's correct max and the next headline now it's a global bailout markets surge after banks band together t

twenty four hundred dollars to dan burton county macca five hundred dollars a mr. mr asker crna. sorana and made his cement company the center of a human rights hearing i'm one hundred s. both cheap and expensive but out of reach for the average american the public needs to know the decisions that are being made are they being made because of the merits of the proposal at hand or is it a perk that is due to some sort of backroom deal but with plenty on the budgetary chopping block of the debt super committee many expect lobbying dollars will once again set the agenda in ford artsy washington d.c. . and still ahead on our team for song some young men and women thank you pants are more than just a fashion statement well have the lowdown on why their pants are on the ground and how far some lawmakers will go write those you home up. for sleazy low and. rachel that he's let people are suggesting she's. you know she says she's a star. welcome back so we've talked about the economy today and in our political corruption and i want to talk about another thing so many lawmakers and people

supporting the dollar into also time as they can support the dollar anymore and then you have an enron implosion like situation and hyperinflation overnight and people will wall. up and paul krugman of the new york times will be like who would do so though good. well john foley of reuters says that despite nigeria's bold move china's currency still has few of the qualities of a credible reserve currency and here are two of the qualities he says are necessary for a reserve currency one low inflation is usually a prerequisite yet china's runs out above six percent. i want to turn our attention to shadowstats inflation numbers and as you can see the red line is the official number so it's always well below six percent of course but the blue number up there is that based on how the u.s. used to calculate consumer price inflation before in one nine hundred ninety when then president clinton came and manipulated it but as you see right before the financial collapse inflation in the u.s. was almost fifteen percent right so inflation in the u.s. is well above six percent so that argument doesn

dollars. terrible but again you know the article mentions and points out this is from the financial times that could offer was unique libya was unique in that there are some troll bank actually held their gold in their country unlike chavez they point out so a lot of this is another theme we're talking about all the time is that many of these nations around the world including germany china and chavez were were holding their gold in america and whether or not they'll ever get that back much of ours was two hundred tons of gold shipped back to venezuela one hundred tons of the bank of england undertones held by banks like j.p. morgan and if he actually delivered that gold j.p. morgan once again stock price zero so let's stay with libya here tony blair's libya policy fuel power obsession of khadafi son again this theme of the confidence game. tony blair snake oil salesman went to tripoli brought in could offie and his son to pretend that they were part we're giving you our confidence you're part

is all about their flooding the airwaves with propaganda that the dollar is good and precious metals are bad and of course we're going to lose as laura because silver is going to five hundred thanks to you and of course many in the west think somehow they're not the ones also being carpet bombed so let's look at this other headline in this is from january of two thousand and eleven the difference ten years makes and the chart is literally a picture that tells a thousand words employment down income down household net worth down g.d.p. up and yet incomes were down x. that means but workers were sharing none of it wealth of the average household down corporate profits up obviously you see that number there the most yes corporations have been given carte blanche all the money they could possibly ever want from the government and they don't have to hire anybody if they can fire people so again it's a model of. and you see that the two columns to the right are health insurance and oil prices those are up and health insurance of course is part of the financial sector many americans don't u

twenty four hundred dollars to get in bergen county mack at five hundred dollars a mr oscar mr asker cerner. sorana and made his cement company the center of a human rights hearing i'm one hundred s. both cheap and expensive but out of reach for the average american the public needs to know their decisions are being made are they being made because of the merits of the proposal at hand or is it a perk that is due to some sort of backroom deal but with plenty on the budgetary chopping block of the debt super committee many expect lobbying dollars will once again set the agenda human ford artsy washington d.c. . and coming up in the next thirty minutes right here on our t.v. it's more than just a fashion statement they might have a say but everything is kosher is a part of. every movement making a statement across the country we'll give you the lowdown on why these young men and women have their pants on the ground plus see how far some u.s. lawmakers are going to silence these youth from freedom of expression and the global economy needs a wake up call but those in charge of the money

trillion dollars over a ten year period and so the people that are advocating for these tax increases on the mega. wealthy i think are are are losing sight of the slippery slope that i would argue you know that at some point you realize that taxing the extremely wealthy like mr buffett is not worth about fifty billion dollars won't cut it and then taxing people over one million dollars in income won't cut it and then taxing people are going to. come after that short break we'll continue our discussion on taxing the rich stay with our. mission. could you take three. or four charges. arrangement three. three. three. three broncos video for your media projects. done to our teeth dot com. we'll. bring you the latest in science and technology from the realms. of the future. and. welcome back to around the time peter lavelle to remind you we're talking about increasing taxes on the ridge. you. would take if i go to you karl and houston you know it's an interesting debate maybe we get into a moral dimension here about taxing the rich because they simply have much more wealth and particularly

year so we're talking about a little under two trillion dollars over a ten ten year period which is not insignificant but what is more significant is if you do it you let the bush tax cuts expire all the way down this is a revenue increase of three point six. trillion dollars over a ten year period and so the people that are advocating for these tax increases on the mega. wealthy i think are are are losing sight of this slippery slope that i would argue you know at some point you realize that taxing the extremely wealthy like mr buffett is not worth about fifty billion dollars won't cut it and then taxing people over one million dollars in income won't cut it and then taxing people are going to. come after that short break we'll continue our discussion on taxing the rich stay with our. pleased to. say. the least. the lists are losing. mum. mum. mum. mum and sister to. come up with the amok. welcome back to rostock i'm teetotal about to remind you we're talking about increasing taxes on the rich. mum and she says to slum. ok if i go to you karl and houston you know it's an interestin

twenty four hundred dollars to dan burton tiny map at five hundred dollars a mr. mr oscar. sorana and made his cement company the center of a human rights hearing one hundred years both cheap and expensive but out of reach for the average american and the public needs to know their decisions are being made are they being made because of the merits of the proposal at hand or is it a perk that is due to some sort of backroom deal but with plenty on the budgetary chopping block of the debt super committee and many expect lobbying dollars will once again set the agenda here in ford artsy washington d.c. . still ahead on our team for some men and women. are more than just a fashion statement a lot of the lowdown on why their pants are on the ground and how far some lawmakers will go to make the young people. in the hard work. i think. we never got there. says the safe get ready for the freedom. all right so this evening we've talked about the economy and about political corruption and i want to talk about another thing so many lawmakers and people in positions of power seem to b

year so we're talking about a little under two trillion dollars over a ten ten year period which is not insignificant but what is more significant is if you do it you let the bush tax cuts expire all the way down this is a revenue increase of three point six. trillion dollars over a ten year period and so the people that are advocating for these tax increases on the new. the wealthy i think are are are losing sight of the slippery slope that i would argue in order at some point you realize that taxing the extremely wealthy like mr buffett is not worth is about fifty billion dollars won't cut it and then taxing people over one million dollars in income won't cut it and then taxing people are going to. want it after that short break we'll continue our discussion on passive the rich stay with argue. the case. i'm on a worldwide manhunt for him lasted for fifteen years. i one million euro war and wasn't punished for his capture. political mass murder for the west. for minions of. general of the serbian army. of the modern age here are the illinois arch. extra. caves. fifty feet. to. see

leader to russia in six years multi-million dollar contracts were sealed during david cameron's visit. and ethnic tensions between serbia and breakaway cause of overage boiling point is disputed border posts to seize by kosovan forces local serbs set up barricades angry at the deployment of e.u. and possible customs officials on the frontier which was previously under certain control. sort of thirty one am now here in moscow and next our special report about the reasons behind the economic crisis has affected this all but that so few of us really understand. around his house. there is a. lot of talk of. the first man. to pull their brokerage on what they're preparing. like. we say we live in the camp of the list big society put the bad mood. capitalism is our way of life the market system its highest expression our media hypes it in quasi religious terms even if its impact is sometimes quite negative and even debated in classrooms we agree that capitalism is an economic system a system for the production and distribution of things we need one i want to bring that to you i'm not up to

that's one hundred forty trillion dollars worth of nothing . if you lose the fourteen trillion the other hundred forty minus the fourteen trillion doesn't exist you have nothing you have no collateral left to pay to the people you borrowed money from it off the practice to sell mortgages. clearly can't afford to target these people in order to give them mortgages and then to take his mortgages to sell it back to the banks in order to create market but security is a criminal practice for sure and i think the bank does there. are some cases criminal but that's liability or rises when they sell their portfolio mortgages to investors who believe. mortgages and there were very injured victims that chain the distribution chain because i can direct you to school boards around the country that have lost. funds and lost their pension funds. i believe. that they. now i have. great hope that they. will take such a long. you know what gets me to. that. and i would even say that this is racketeering because it took place between. real estate agencies and ba

bush i have to doubt that three hundred thousand dollars loan to the tune of fifteen million dollars when he sold his interest really is another friend of his father by the way a texas billionaire by the name of tom hicks so you know he has this been for five thousand percent increase in revenue as a result of basically socialism yeah and is that actually are and for the rich right for you is that characteristic in fact it's not really socialism it's crony capitalism of the very worst kind is that characteristic of it's going to have all these are the big players that the companies are i would definitely like to give another example to so i think it really shows how out and if areas this kind of stuff can be fillin ships he's one of the richest people in the united states he's only been three interviews in the last thirty years and according to a spokesperson phil believes that's three interviews too many wouldn't talk to me from my book philip anschutz is the minority owner of every pro sports team in the los angeles area he has taken in hundreds of millions of dollars in subsidies

like millions of americans i've lost thousands of dollars in retirement funds and i haven't had as bad as many so it's not just the balance of them it's about needs to . me ma'am. and it's. needed. now. since this is my film i get the last word this financial crisis will not be fair and golf like a light sleep. will . bring you the latest in science and technology from the realms of. the future coverage. missions. couldn't take three hours for charges free arrangement three. three stooges freezing. cold free blog g'slinn video for your media project and a free media and on to r.t. dot com. lead. a telemarketer broadcasting live from washington d.c. coming up today on the big picture. news today violence is once again fled upland and these are the images the world has been seeing from the streets of canada. trying to look for a shelter rooted a. problem. that. you were going to leave the picket line around this house. i mean let it go in. there is a relative. to the first much more. difficult go for it but there but. i. like. we say we live in the camp the risks the scientists want to s

dollars to do so equating to a multi-million dollar revenue every year. the ministry to inform the government of every dollar earned by the strip we know that a lot of money but we have no idea. why not put the money into the budget and use it to solve the problems but. the ministry is defined it says it stuck by the law it claims these troops are a vital way of educating the world on how to avoid such disasters and says they could help fund new industrial projects on contaminated land the emergencies ministry has now filed a lawsuit in a bid to resume tours through the contaminated zone and the court is expected to start here in september ukraine's thirty kilometers a nuclear wasteland will remain closed to the public until then but the debate remains very much open. reporting from kill you. in ukraine. for more exclusive stories and sure to check out our website here's what's on the line right now. it's a prime minister david cameron's visit to russia kid heralding every fan of relations between the two countries had. more in depth the. alice's. band a

and that could be lower like millions of americans i've lost thousands of dollars in retirement funds and i haven't had as bad as many it's not just about them it's about me too i have a stake in it and like millions of angry about the way our economy was a direct. to help with our investigation we spoke with convicted white collar criminal san anton the right color criminal hostile to the case for you subpoenaed documents we destroyed documents you subpoena witnesses we walk so if you are at a disadvantage because the right color are in effect we are economic credits. toona investigative reporter on the business speak wall street steals far more than the mafia says gary weiss on wall street. takes laws for much larger something money going broke the mafia scales the regulatory system is such that they can get away with it the lack of media scrutiny the absence of regulation the widespread illusion that markets and real estate could only go up created a casino mentality and environment for successful fraudsters and white collar criminals in your honor for many years until my arrest on