price of imports and domestically produced goods is the value of the dollar and the dollar should be falling we have a large trade deficit and this is exactly what's supposed to happen supply and demand large trade deficit supposed to mean a decline in the value the dollar that makes imports more expensive for us in the united states will buy less it makes our goods cheaper for people around the world so they'll buy more of them that hasn't been happening because in many countries china being the most important but many countries have been deliberately buying up dollars in order to keep the dollar that has to stop so president obama asked what that front and center has other measures you know they're generally good ideas you know let's have more training let's have good infrastructures lots of things there make sense hard to argue with but that won't amount to a hill of beans compared to a dollar that might feel valued by twenty twenty five percent how do you decide what is the right value of the dollar and who gets to decide that it doesn't matter what the right value is it's too hi

can have a strong national security without a strong dollar we've been printing so many dollars and trying to cheapen our currency the countries that already started to think about getting out of the dollar system now we're giving them another reason which is we're using it as a weapon i'm not saying we shouldn't do that because we need to confront the iranian regime but the iranians are some reports of the they're talking to the indians about doing a gold for oil swap there's a lot of gold in india so that actually is feasible it's interesting that the saudi arabians have stepped up to supply the shore oil shortfall to china so if china can have a rainy an oil they'll get it from the sort. the ravens but what about the indians they need oil to they're kind of like the cold so they're talking to the indians or the indians talking to the right is china may get in the act i could see a russian chinese indian iranian central asian clearinghouse that would be non dollar denominated could be commodities could be local currency backed so the message system they could be completely outside

there might not be easing but if you see a stronger dollar a dollar holding its own that's the green light for q three and i think the fed chairman has signaled that in a series of reached recent speeches and interviews he you can see these in coming probably in may or june and may or june is your prediction director you'll probably be right because you're not with the mainstream economic economists packed day is often wrong about come back even we'll see you do over that's how that's how it looks i'm going to want you to just to back up quickly when you say you think the fed is creating a bubble where do you think we're going to see that. sure well the place you see is in gold that's the ultimate cross trade and you know gold did have that many boom in august and then backed off a little bit but now it's back up into the mid seventy's fifty's i think that will continue to get stronger we're seeing in oil prices so that's really a geo political factor because of what's going on in the persian gulf but remember it. if you can see and. if surprise is just hold or if they're supposed to

from google the people in greece for people in greece five dollars twenty five dollars that's a whole six months of pay and it shows you the whole neo feudal system ok now these economies these the rich people the rich communities are those who are doing the spying who get paid to spy on you google is one of the biggest corporations in the world because they spy on you you are poor because you take whatever dregs whatever bread and circuses they trickle down to you you'll take whatever you get you'll accept this being spied on they think of the average first says they're getting free twenty five dollars zero zero zero to three twenty five dollars never for a moment considering that the apparatus that allows them to get that twenty five dollars is disenfranchise them so horribly that the u.s. the competitiveness is crashing in the standard of living is crashing and there's no health care there but you got your free torney five dollars. more for max kaiser and stacey her take on the latest financial headlines in just about ten minutes time here on our. some other news making headlines a

. >> are over the hundred though dollar mark. they will survive them and make sure the decisions. . >> reporter: they have failed to approve same sex marriage in 31 other states. a, delegate had a commitment ceremony in 2005 and then got a license in 2008. she said in most of those other states it happened before the state's legislature had passed the same sex marriage bill. >> if voters overturned it they would take people's right away. it's another issue to take away rights gathered by the public body. >> reporter: for now the delegate is focused on there being a vote. >> i believe in the citizens, i believe they work hard to make sure it gets on the ballot and when it does, i believe that traditional marriage will be upheld. >> reporter: a poll taken last month showed that statewide 49% of people favor a law allowing same sex couples to get married, 47 opposed, in a near tie. the governor will sign bill thursday of next week, they have until may 31 to get the first 17,000 signatures and until june 30th to get the rest. . >> ne

the we can live eight hundred fifty dollars two hundred six dollars but after two hundred dollars i think we will then we'll have a problem and then we'll think about it what do you think about that curtain east lansing when you think about the prize where's the breaking poverty well peter i think more and more important more important than the absolute price level is the rate of change every i should say ten of the last eleven recessions have been preceded by oil price spikes so if this is an oil price spike and it continues to go up then i think we're very likely to see another recession so yes could the world economy stand this level of prices if it's if it just stood still maybe but if the rate of change going upward increases then i think we're in for we're in for a lot of trouble ok friends and stuff i hate i hate when you seem to agree go ahead you got the last word in the program go ahead i have one quick thing to say if you want to know about the oil price look at the work of professor. james hamilton university of california san diego use the top man on this subject you'll

it costs as much as one hundred thousand dollars to use a surrogate mother to start a family get on a plane to india and it could be much cheaper. method one couple who did just that . arrogance isn't for it and all came to india from texas two weeks ago india is a bit of a challenge for someone who's used to travelling in the states and in europe. but you figure out your way around the world and they're not here to see elephants and by being coles they also came to meet peter for the first time their new baby boy it was a easiest pregnancy i mean. although peter is genetically their baby susan didn't actually give birth to him. and indian surrogate who they never met did around ten years ago we decided we would try to have a child and didn't happen naturally and we pretty much given up hope and we spent a bunch of money. and that's why we realised indian surrogacy was actually something that was reasonable surrogacy is the latest trend in the outsourcing relationship between the west in india since the recession began doctors here say they've seen a demand for their services quadrupl

dollar denominated oil training and this is heating things up right this is a driving force it's not about the nuclear weapons it's about this currency war as i was just saying i'm saying whoa. one never knows who knows about whether or not the carthaginians killed their babies because the victor always writes the history here is the same as part of the propaganda one never knows if they're killing their babies are actually going to trade oil in dollars we don't know but it seems to come up over and over that this is a psychologically important move ok let's just go to digress for a second let me ask you this lots of the state is about the currency and it's not about nukes ok yet most of us do a little thought exercise here using jim rickards currency wars as the paradigm what would be the appropriate counterattack from the iranian actionis would it not be for them to introduce a gold backed currency as another way to slam a nail into the dollar's coffin. that also be true if they're fighting against an empire this is the way that empire is able to extract in the modern day the wealt

and fifty cents a month per follower for eight months that makes three hundred forty thousand dollars. i think that's b.s. the company owns the twitter followers it's completely b.s. i don't even get it you supposed to pay for the twitter followers the company will just lose all the twitter followers once that guy is not. who they're following anyway fortunately you guys are both completely wrong there is such a thing as intellectual property the company paid him to generate these twitter followers on their dime it's the same as stealing an email list or a customer list and taking it to a direct competitor it's wrong i never thought i'd be opining on a tweet custody case but the bottom line is the company paid him to do that they own the followers and by taking that list and taking it to a rival he stole their intellectual property plain and simple i mean it was is the middle class that's going to the bottom good idea that is going to make you that isn't going to i think good point if that's his you know not his personal list and that was it was just i don't believe it's the company's

bush adding four trillion dollars to the debt we know now over moen trillion dollars over. there but we are going to pay burke. dollars for every man woman and child ok responsible. unpatriotic yeah it sure is only the problem is that obama has added five trillion dollars to it that's in only three years into his term annualized that's almost three times what bush spent we have fifteen trillion dollars in debt national debt.

cut them out of the dollar system suddenly if you're a merchant in the rand and you need dollars to buy imports they had to double their local currency prices things went from two hundred thousand reales to four hundred thousand reales because they needed more realistic dollars on the block. market so they could get the dollars to import goods so their currency dropped forty percent against the dollar in one day then they imported hyperinflation and we injected hyperinflation into iraq because they had to raise the local currency prices the running banks raise their interest rates to twenty percent to stop a run on the back as people were pulling the reality out to dump them into hard assets so we gave them a trashed currency hyperinflation a twenty percent interest rates for weeks before the elections and this is not a coincidence in my view is what we're trying to do is generate regime change so this is sort of trying to reboot the green revolution part to put there are economy to talk turmoil so that when the elections come in they will be rigged and people will be disappointed again

at the super pac supporting these candidates beat that raising twenty two point one million dollars and that doesn't even include other right wing super pacs karl rove's american crossroads g.p.s. it's on its way to raising over one hundred million dollars but hasn't yet started spending it in a big way so it isn't so far seen as affiliated with a candidate and unlike campaign contributions to which people can only donate twenty five hundred dollars there's no limit for super pacs so the average donation last month was a whopping sixty three thousand dollars that's almost three times more money and the media american earns in a year and sorry but that's just pocket change compared to what the big go to the actual folks running through the control the white house are jumping into super pacs let's take for example ron paul his name is on the ballot but the millionaire behind ron paul is a man named peter thiel hedge fund manager who gave more than one point seven million dollars to ron paul's super pac endorse liberty last month his donation accounted for seventy percent of all of ron

dollar gets. one thought i have is that it is possible as keith pointed out, the dollar in the last 10, 11 years has collapsed from 120 all of the way down to 70. now it's around 80. what if the u.s. economy is getting its feet back and what if u.s. fiscal policies are going to improve? is it because of the change in the presidency or some political change or because congress comes together? that's a political question, dr. bob. what's your quick take on it? >> i think that's where we are. we had to see a change with the congressional electorate in 2010, with elected officials with a fiscal bent. we have to do something about it now, so we have to fix the fiscal side of it and the economy is starting to turn and that means eventually we'll move interest rates from zero and that's supportive for the dollar. we have the worst situation because you want rates to be up and they're down. you want the deficit to be down and it's up. once we turn that around you watch how fundamentally strong this dollar

the university of houston since two thousand and nine which has come to five point three million dollars for the school but she's not just passionate about education she also loves her husband elwyn dearly and i mention that he's worked at that university for decades and called it coincidence but elwyn has had quite a few promotions over the years and he now sits as the university's v.p. for community relations and institutional access and he makes over two hundred thousand dollars a year a representative robert andrews it might have taken some cues from sheila leave because he has also secure earmarks for a college with his help rucker's at law school in camden has received three point three million dollars in earmarks i guess is an associate dean of the school that's right his spouse senator tim johnson is a member of the set of the procreation is committee and has been a cheerleader for the pentagon's math an engineering teaching initiative called starbase so with the help of seven other senators johnson dropped an extra four million dollars into the education program oh and did i men

that's wrong he's worth at least a billion dollars because he made twenty million dollars last year as investments interest rates on ten year notes are around two percent it's all passive investment managers passively in a blind trust there's no way he could have made six or seven percent. for the million dollars he claims to have mitt romney is a billionaire and he won't say it because you know there spark incredible backlash against that lawyer and then number three on this list is howard county maryland fifty eight minute drive another one of the top employers there is sai c. so these are the science applications international corporation which provides services to the n.s.a. and the department of defense monitoring i guess web sites and things like that oh yes science they they love science except what it proves things like manmade global warming then of course they hate science but. when it's about the science of picking people's pocket and spying on people they love science but you see that it's mostly the security apparatus these are the guys making money these are where the

millions of dollars on the line. look behind me you can see construction materials they are so ready to start moving the infrastructure around getting it ready for the ground breaking in may. the 5-1 vote last night another huge step forward for the 49ers' move to santa clara. take a look at the city council last night the vote saying yes they want to go ahead the 850 million dollar loan. they said the contractor and penalties if the stadium is not ready up to 20 millions if it is not ready on time but a five million dollar bonus if it is ready on time, on time august 31st, 24 teen. the contractor says it can do it and the -- and the mayor greece. >> great contract to ensure things will be built on time and on . -- >> reporter: it appears the billion dollar stadium with santa clara borrowing 850 million dollars could only be stopped in the short term by a judge in the long term by voters. an anti-stadium group has submitted a petition to let voters decide on that big loan. the council says the voters already approved

eric sprott is back in the market for three hundred million dollars whether physical cause when he announced his first purchase of physical in think it was october of twenty ten the price is around the sort of eighteen dollars twenty dollars level and when you consider when you think about a market it's got extreme physical tightness like silva does and someone comes in and demands delivery of physical in size it was no surprise to see that as a major catalyst to the run up to fifty dollars took place every period of about six months and i think it's very interesting that we've got backwardation and sprott back buying in size and bear in mind that this three hundred million is only one fifth of the overall shelf offerings so yeah i see it as a profoundly bullish confluence of events at the moment and i have high hopes for this year all right now no well known derivatives expert janet to have a call they recently suggested both in writing and in a televised interview that there was clear manipulation and gold and silver this manipulation she said was most evident during the options expiration

trillion dollar corporation or a multi-billion dollar corporation or a billionaire frankly should be making that decision i don't you know i i think it should be up to with the people well it depends on what you think the role of voters is if you think that voters have their minds made up for them by advertising that might be you know i don't know i think that the voters i think that the the the people running for political office are that have access to free time on television and radio and you know like like the nixon kennedy debates in one nine hundred sixty were were very very little money was spent on advertising and there was lots and lots of free media and it worked very very well and you you ended up with candidates who by and large are up to hold and. what the government can't do is tell independent people or outside groups that you've spoken too much about a political candidate actually it can except that the supreme court says it can't know actually going back all the way to. one thousand nine hundred seventy six the supreme court has said that an individual can spend as m

tax for those making over two million dollar dollars. the legislative analyst office says it would generate roughly 5 billion dollars a year in california. governor brown provides posing a tax initiative to fund schools but millionaire tax plan opponent say it won't raise as much money as projected and contend wealthy people already pay more than their fair share of taxes. >> republican presidential candidate romney today named former governor pete wilson honorary chairman for the california campaign. the choice might not sit well with latino voters still angry with wilson support of proposition 187. 1994 measure would have depended taxpayer funded services to illegal immigrants. now tomorrow is the first time there will be a multi-state contest. minnesota and colorado will hold caucus. missouri votes in non-binding primary. >> first for president obama this afternoon. he has a clear lead over romney in a hypothetical general election poll sponsored by abc news and washington pochlingt meantime ad that aired during the superbowl is spark

a barrel brant it's like you below one hundred sixty dollars about. now let's move to asia where markets are trading mostly lower with shop pools for tiny shares stocks also pushed down by surprise. central bank to leave the cash rate unchanged miners among the worst performers after the rate call with rio tinto down over one and a half percent from there also showing weakness bank of china gave up one point two and china merchants bank lost one and a half percent. now here in moscow markets are mixed this hour with a my six losing under a quarter of a percent following those losses in asia and some movers on the why six carrier air fought a slightly lower its passenger traffic rose by a quarter last year the bank is also down investors are waiting for details of its recently announced buyback. precious metal producer points gold has been among the best performers since last week on ongoing rumors of a possible merger with. alexandra. warns there. some stocks on the russian market that's a look over book. there are two sectors most all basically overb

in securities and other debt deficit of two hundred dollars there's three hundred dollars in equity the broker dealer can read hypothecate up to two hundred eighty dollars ok for one hundred forty percent of that two hundred dollars in the u.k. however there is no limit no statutory limit on the amount of money they can be read hypothecated a broker dealer can really hypothecate all the assets deposited by clients one hundred percent of that five hundred dollars and securities and this is where the thought that ends now let's bring in james catalyst president and co-founder of commodity customer coalition and thank you so much for being on the show because i know you're in town for this roundtable and we feel very lucky to get to talking about this issue thank you for having me yeah so let's start first thank you for bringing this issue to light because i was tweeting about why is the u.k. so much tougher on banks than the u.s. they claw back bonuses they take away knighthoods and you said hey you know talk to me when they have some kind of equivalence of regulation greg t. so you'v

bush adding four trillion dollars to the debt we've known are over moen trillion dollars over. there but we are going to koperberg. dollars for every man woman and child ok responsible. patriotic yeah it sure is only the problem is that obama has added five trillion dollars to it that's in only three years into his term annualized that's almost three times what bush spent we have fifteen trillion dollars in debt national debt what punishment that would to leaders have if they don't do what they say at the end of the day the political system rewards complacency so to talk solutions let's bring back and karl denninger a blogger and radio host of the market ticker and author of the book leverage how cheap money will destroy the world and karl i'm really curious what incentives at all do politicians have to not lie about things like you know deficit spending in order to get elected and what incentive do they have to do anything about us this problems. absolutely none then what you've seen from barack obama appears to be an acceleration of what george bush did but in fact he's just

start you like america's internet insecurity has politicians worried and contractors touting the dollars. to the capital account i'm lauren lyster. and what drives the world the fear mongering used by politicians who makes decisions to break through it's already been made can you trust no one. with a global reach where we had a state controlled capitalism it's called sessions when nobody dares to ask we do our tea question more. welfare is of a new war brewing in america but this one isn't in a combat zone and doesn't involve weapons cyber wars sparking fear among political leaders today and rhetoric is heating up in washington the dangers of cyber war equating it to a form of terrorism the pentagon is responding by pumping money into enhancing cyber security and as arctic correspondent lizzie caffein of reports military contractors are lining up to cash in on the latest military fear. it may seem like a quiet day in america but to some it's the scene of a raging battle invisible to the naked eye where there is war underway right now on the internet this is cyber war is the u.s. ready fo

and you're right in the thirty's after your confiscated all the gold while he was devaluing the dollar to try and get the economy going. since then or even before then we essentially had the government imposed their monopoly on the definition of money in the u.s. so today gold is considered a collectible it's not even a monetary asset but this goes back to lincoln if you recall how did we finance the civil war with paper money bad money in that and the little banks fought it the big banks national banks were created to buy the government's debt so the devaluation in the thirty's was really you later the refutation if you will of a gold standard starts with lincoln and ever since. it's the government has used paper money to propel growth layers of leverage if you think about it so we create the fed in one nine hundred thirteen you have the collapse in the twenty's and in the early thirty's they confiscate all the gold and we continue you essentially equating the dollar with gold up until today so all of the leverage we've seen accumulated since the thirty's housing global lending instit

and make a million dollars... dollars...and llter in spoots... the hht opic discussed...uring the "state of the ravens". ((bump out)) ((break 2)) 3 & ♪ get, get up and go ♪ dress up the sun ♪ ooh, 'cause it makes me feel so ♪ ♪ beautiful outside in ♪ there's no hidin' ♪ the look of love, love [ female announcer ] women who eat breakfast, like the special k breakfast, actually weigh less. a closet that feels like a candy store begins with special k. ♪ what will you gain when you lose? ♪ in today's economy, there's a better chance you're áiná debt than not.sometimes, it seems liie there's no way out.but one man is living proof that it's possible...and he shares five secrets on how to bbcomee debt free.in this morning's cover story, jeff abell shows us how to turn turn"debt into dollars." dollars." 14:24:54 luther "desperate. and i guess i could use the word hopeless..for luther starks, the drain on his bank account was pulling him under. luther... is just one of o me."- &pmillions of americans drownin in debt....17:49:20 trevor "it was like treading water, the more i would

public relations standpoint but they're spending taxpayer dollars on this when they really ought to be focusing their efforts on things that will protect the american public another thing president obama he had now his budget recently released doubles spending on cyber security. do you think that the fears now today over cyber security and cyber warfare are justified certainly there's this idea that. a lot of times national security fears are overblown and that's that's often valid what we see again and again in the national security realm is that there's national security theater we're all told that we should be afraid of a particular incident occurring even though statistically there's not so much of a probability of that and then vast amounts of taxpayer money are spent on programs that surveil the people that are that are overly intrusive and usually outside of the statutory bounds of the agencies involved now should people these days should they be concerned about what they are saying online in the wake of these new laws i mean even you as an online user are you concerned about wh

afttrrthe surveillance vvdeo shopper 20-dollars to take an apology note and 600-dollars to the pet stooe payment for the pup.the store owner accepted the apology... and didn't press charges. coming up on the early edition... these arguments... cost money. money.sot :49-:53 this is a advocacya&people making arguments to one another. another.the groups paying to play... in politics. politics. ((break 1)) ((bump in)) ((2-shot toss to weather)) ((aa lib meteorolooist)) 3 3 3 meteorologist))((ad lib weather))((2-shot toss to ((2-shot toss to weather)) ((2-shot tosssto ((bump in)) ((break 1))((break 1)) ((bump in)) ((break 1))((break 1)) ((bump in)) she had man hands. man hands? the hands of a man. it's like a creature out of greek mythology. part horrible beast. ♪ dress up the sun ♪ ooh, 'cause it makes me feel so ♪ ♪ beautiful outside in ♪ there's no hidin' ♪ the look of love, love [ female announcer ] women who eat breakfast, like the special k breakfast, actually weigh less. a closet that feels like a candy store begins with special k. ♪ what will you gain when you lose? ♪ ((2-shot toss to

it is up over ninety nine a half dollars trancing over one dollar now while brant is trading at over one hundred sixteen dollars a barrel stocks in europe are higher as greek officials profession finalize a deal on a sturdy measures banks across europe pushed higher in london lloyds banking group gained one point eight percent barclays moved up one and a half percent mining stocks are also rebounding after sustaining losses only in the trading week. and here in moscow markets are up and midday trading with banking and energy stocks lifting the indices on oil prices the r.t.s. is up over one percent while six is over half a percent and the black. now let's have a look at some individual shammal some of my sex spare bank is gaining over one and a half percent russia's biggest lender expects the corporate loans to expand twenty five percent this year look oil is also high as supported by stronger crude bucking the trend though is food retailer seven continental the company says it will buy back shares with a discount to the market price into weston from tong says it's a good time for sh

consumers brant six months for is last night over one hundred nineteen dollars a barrel cutting iran out of swift not just the energy price but the recovery of the world's economy. well have a look at how or prices look at this and they are indeed exists a mixed picture despite u.s. crude inventors falling for the first time in four as you can see the light sweet is up over one hundred one dollars per hour brant is just recently got itself into the positive territory when i'll move on to the currencies and see what's going on here is trading lower to the u.s. dollar they are after the talks are rest second bailout for greece have been called off and the ruble is losing value against both the european and the u.s. currency. and the markets are losing value this hour on news news investors service has threatened to downgrade one hundred fourteen financial institutions in fixed income and greece of course remains a concern in the region. and the russian markets are in the red this hour i've not managed to get themselves into the black at all today as you can see the r.t. has is of one p

people just revolt i why are they putting up with this that's a good question that's the million dollar question i mean i think that basically these people are just dressed in nice suits but they're empty suits they're just fools for the most part or there are people who are so craven in their need for political support and political opprobrium that they will do anything to keep happy the powers that be or the politicians at the ultimately have to respond to ok let's talk about spain's unemployment rate as recently jump to twenty three percent suicides are soaring in greece these are the sort of conditions that you know we've seen before in a lot america that leads to work dictatorships right is that in the cards now i think what we're going to see are populist politicians making hay from the current economic downturn where you're going to see is for instance people like marie le pen really going out there and saying oh we don't need this euro all our problems started when we joined the euro zone let's get out of the euro zone they're going to have those politicians in spain and italy a

six year period three hundred fifty billion dollars for job creation thirty billion dollars to hire teachers police officers and firefighters his plans draw some very sharp distinctions between him and the republicans he calls for raising taxes on the rich and billions of dollars for roads energy and manufacturing paid for by savings from two wars. now i want to focus on here is that last little bit in eclipse the money that will be saved from drawing down our two wars that we've heard this thrown in before by paul ryan last september the president's jobs plan and yet again in this new budget about all accounts u.s. troops are no longer in iraq although we know that there's still a massive state department presence and the pentagon is in fact still asking for about three billion dollars more next year in iraq why is a very important question i want to still haven't seen anybody in the mainstream media ask by the way that in afghanistan it does look like well at least see a troop drawdown in the middle of two thousand and thirteen but how many troops exactly we don't know yet there's also con

of the fifteen trillion dollar g.d.p. and china has a seven trillion dollar g.d.p.which means united states roughly you know more than twice as large as china but china makes ten times the amount of steel three times as many vehicles they purchase they consume twice as much beer they export three times as much as many high tech exports as the united states does. three times as much cotton five times as much coal other lists go on and on the so the cell phone markets three times as large so i just wondered how you know if we get duct printed my. any government transfer payments what would the g.d.p. of the united states really be you know i think that's really a bubble that nobody sees is that the american g.d.p. is a complete fabrication and i'd also highlight the manufacturing numbers you know many people including academics high level policymakers united states they will tell you well we don't need to worry united states is still the largest manufacturing economy you know the federal reserve has admitted they don't break up the value add in those numbers so you kn