more with nobel prize winning economist dr paul krugman right after this break. of american power continues. things are so bad. might actually be time for a revolution. and it turns out that a procurer drinker starbucks has a surprising. you know sometimes you see a story and it seems so you think you understand it and then. some other part of it and realize that everything you. are welcome is a big issue. here is what i. love and they alone until they all get the real headlines with none of them are the problem with the mainstream media today is that they're completely disconnected from the viewers and what actually matters to those viewers and so that's why young people just don't watch t.v. anymore if they want news they go online and read it but we're trying to take those stories that people actually care about and transfer them back in t.v. . let's. go back to conversations with great minds so i'm speaking with paul prove that the nobel prize winning economist new york times columnist and author of the new book end this depression now dr doctor i'm curious a

a hidden tax, a government sponsored reduction in workers' pay checks, as dr. paul often says, theft. more and more americans understand the monetary policy that ultimately devalues our own currency. we agree on three key points. preserving the value of the dollar is essential to economic growth and prosperity in america. the federal government must not be allowed to monetize its debt. it should serve all interests, not just the interests of washington and wall street. i'd like to thank you for your steadfast commitment to bringing those issues to the forefront of the public debate. i'm pleased to testify on behalf of the sound dollar act. i want to thank the members of this subcommittee who have will be co-sponsored this legislation. the problem today is that according to some, 1800s was the british century. the 1900s was the american century. the 2000s, the 21st century, may well be china's century. well, not so fast. but for america to continue its preeminence in the global economy, it's important we get the role of the federal reserve right. as we know, the fede

the speaking fees are really the alarming thing to me i thank you we will be back with more with dr paul craig roberts economist and former assistant secretary of the treasury under reagan. still ahead despite calls from columnists and pundits jamie diamond remains on the board of the new york fed but not for long if two senators going to hell but we'll give you our three cents on a bill targeting federal reserve conflicts the first or closing market numbers. there hasn't been anything good on t.v. . it is to get the maximum political impact. the full source material is what helps keep journalism honest we thought. we wanted to present. something you know. culture is that so much i'm going which of course he's right on it you know millions of years and you may go but it's pretty good prose that summit in chicago this military alliance decided many things in principle like ending the occupation of. download the official anti up location to go on the phone called talk from the top story. one child's life on the go. video on demand all t's a minefield costs and already says feed now in the

the speaking fees are really the alarming thing to me i thank you we will be back with more with dr paul craig roberts economist and former assistant secretary of the treasury under reagan . still ahead despite calls from columnists and pundits jamie diamond remains on the board of the new york fed but not for long if two senators going to bed will give you our three cents on a bill targeting federal reserve conflicts the first or closing market numbers. what drives the world the fear mongering used by politicians who makes decisions to break through it's already been made who can you trust no one who is you know view with the global machinery to see where are we heading state controlled capitalism is called sessions when nobody dares to ask we do our tea question more. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you sure see some other part of it and realize everything. i'm charged is a big issue. here is what you want. but in the alona so we'll get the real headlines with none of the most of the problem with the

the speaking fees are really the alarming thing to me i thank you we will be back with more with dr paul craig roberts economist and former assistant secretary of the treasury under reagan. still ahead despite calls from columnists and pundits jamie diamond remains on the board of the new york bed but not for long as two senators going to bed will give you our three cents on a bill targeting federal reserve conflicts but first your closing market numbers. with. slaves technology innovation all the moves developments from around russia we've gone to the future covered. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harvey welcome to the big picture. all right welcome back so we've been talking to paul craig roberts about conflicts of interest you could say about the fine men that have served the united states as u.s. treasury secretary and then go on to make millions a lot more than they make as treasury secretary

mary wilson a volunteer organizer and ron paul supporter i asked her what was finally like to meet dr paul. i did yeah there was a rally at the cal state fullerton in. southern california i guess it's nearer anaheim and orange county and it was a beautiful turnout and we helped volunteer and registered thousands of new republicans into the party to vote for ron paul in the june fifth primary because we have a closed primary here in california so you have to be registered by may twenty first deadline in order to vote in that primary and ron paul's support is growing the momentum is incredible and he's having these town halls all over the country and day after day tens of thousands of people thousands of people are showing up all over to support him and hear what he has to say and the media is still not covering it most of it because what he tells you in his town hall vents is the truth and that stuff you're not going to get on television and what do you think about the fear mongering coming from the r. and c. saying you know if ron paul wins these delegates than don't show up i mean that's

dr. ron paul.plause] >> it has been moved to suspend the rules, which requires a 2/3 vote, to consider the nomination. is there a second? it has been moved and seconded. all those in favor of the suspension of the rules, please signify by saying aye. >> aye. >> all those opposed? >> no. >>fails. microphone 8. >> i nominate jim byrnes. >> jim burns has been placed in nomination. further nominations. seeing no further nominations, nominations are closed. the process that we are going to follow for presentations and nominating speeches is we are going to randomly select, putting on a piece of paper the numbers one through four. the candidates or their representatives will select and number from -- it looks like no one has a hat, so we will put it in the top of our hands. those will be the order in which they are nominated and give their nominating speeches and seconded. well, we had a bag. that is good. yes, i will one person from each of the campaigns come forward to select a slip of paper, and that

the campaign saying dr. paul is concerned by supporters shouting people down at the convention all over the country. it concerns him and he wants to convey to everybody and the staff that we will lose more than we gain if we go when we are disrespectful. respect and decor um are important to dr. paul. whether or not that stated concern mean that is the ron paul strategy at the conventions will start to dry up too or whether the party at the state level will continue to be as astonishing as oklahoma was because of the ron paul enthusiasm remains to be seen. what will happen to the last candidate standing? it's a fascinating question, but at this point it's beyond standard pundit capacity. only the candidate himself can answer it. ron paul?

i have long ago learned never to discuss fed history with you, dr. paul, since you're as knowledgeable as anyone on the planet that way. but looking a little closer in history the last 40 years, what we saw in the 1970s, we are told we couldn't have a high unemployment and high inflation at the same time, couldn't happen. as we know not only did it, but the fed's intervention go stop, go stop action created very volatile economy with very deep and frequent recessions. when the fed focus back on the single mandate of price stability, 1979, that change. and for almost 20 years we had not only strong economic growth but we had very short, very shallow recession. so we saw the benefits of that focus on price stability. in 2000, we saw the fed keep interest rates too low for too long. it helped insulate a credit, housing, credit fueled housing bubble, and helped create a global financial crisis. and to sort of wrap it up to your immediate question, within the sound dollar act, not only do we focus on rules-based inflation targeting, but we require the fed to m

the campaign saying dr. paulconcerned by supporters shouting people down at the convention all over the country. quote, it concerns him. he wants to convey to everybody and our staff want to convey we'll lose more than we gain if we go and we're disrespectful. respect and decorum are very important to dr. paul. whether or not that stated concern from the candidate means the ron paul delegate strategy at the conventions is going to start to dry up now, too, or whether the republican party at the state level will continue to be as astonishing as oklahoma was this weekend because of the ron paul enthusiasm. that remains to be seen. what's going to happen to last candidate standing against him mi

under dr. paul purists thought but didn't lose their composure at the free-throw line.ember to raise infills it will runs in a 95 m.p.h. pence from the red sox franklin braless it was so painful he lost consciousness the camera and was taking out a game of table wine number-one roberta has nothing on this man does alter recently ran a triathlon juggling the entire time he finished in 1 hour 57 minutes as the first ev

. >> reporter: during and after the recent ultra music festival, dr. paulms says he has seen the effects of a designer drug nicknamed bath salts, which also causes body temperatures to spike. >> and then people don't drink water while they're taking it. so they become dehydrated. so you mix dehydration with elevated temperature with loss of inhibitions and you have a catastrophic combination. >> that was diana gonzalez reporting. experts say little research exists about the drug's effects on users. >>> let's turn things over to jeff ranieri as we head over this midweek. a lot of red in the map. honing in on that hot weather. we already have a 90-degree temperature down in the south bay. gilroy at 90 degrees. 87 at livermore. 74 napa. cooler by the way, 64 in san francisco. we'll take you out to our live hd sky camera network, and what you'll find here is some haze. but no fog at all a showing up on our current view out towards pacific. as we head into the morning hours, we'll find mainly clear conditions. in for thursday, it gets even hotter. breezy to wind

. >> caller: i want to continue the conversation you had with dr. paul the other day. this is a quote from john maynard in 1920, by continuous process of inflation, governments can confiscate secretly an unobserveded and important part of the wealth of their citizens. the process engages all of the hidden forces of an economic law this side of destruction. and not one man in a million can diagnose. let me preface -- >> yeah. >> collide, why do you think that's significant? why are you sharing that where us? >> caller: my senior year, 1971, i planted one acre of tomatoes and i grossed $3,000 off that acre. that was when the silver dollar and the paper dollar were the same value. yesterday silver closed about 2,000 an ounce. today if i grew the same acre of tomatoes, i would have to have 345,000 paper federal reserve notes. and two years ago, the federal government sold my farm and home. and if you want the end this depression, you get farmers -- we have been producing crops and life stock since 1986 below 1932er rant levels. that's the problem, that's the way you end th

i have long ago learned, never discuss fed history with you, dr. paul, since you're as knowledgeable as anyone on the planet that way. but looking a little closer in history, the last 40 years, what we saw in the 1970s was a great lesson. we were told we couldn't have high unemployment and high inflation at the same time. not only did it, the fed in the venti -- interventions, go, stop, go, stop, actually created a stop, actually created a volatile economy with deep and frequent recessions. when the fed focused back on a single mandate of price stability, 1979, that changed. for almost 20 years, we had not only strong economic growth, but we had very short, very shallow recessions. we saw the benefits of that focus on price stability. in the 2000s, we saw the fed keep interest rates too late for too long. it helped inflate a credit-fueled housing bubble and helped create a global financial crisis, and to sort of wrap that up to your immediate question, within the sound dollar act, not only do we focus on rules based inflation targeting, but we require t

that agree with dr. paul. [applause] i mean, i have been told i am more libertarian than ron paul, if that is possible. those people have a natural home with us. the republicans are letting them down time and time again. this time, the republican party a store to destroy the ron paul people by not giving them what they want, what they feel like they deserve. you have a home with us. all of you and paul people out there, this is your home. -- all of you ron paul people out there, this is your home. come and join us. [applause] >> dr. paul asked for my endorsement in 2008. i readily gave that endorsement. when i dropped out of the republican party, i asked everyone who was supporting me to support dr. paul. i think -- first of all, i think i am speaking on behalf of everybody in this room -- at the heart of dr. paul's support is people with hearts and minds. i do not think they are going to need any persuading or understanding that there is a real, viable alternative and it is not a step back, but it might be a

you have vowed to continue the ron paul revolution you've always been vocal about your support for dr paul what does continuing this revolution entail. well i'll say it like ron paul said it three weeks ago he said look i'm not going to get out of the race because the people that are coming out to see me are growing in numbers there's more people that are that are coming this direction the whole notion of libertarian leaning libertarian i have the same phenomenon the more people i talk to the more support that i get the trend line is that absolutely up and it really stems from a basis in philosophy i think the majority of americans are a fiscally responsible and socially tolerant i'm in that category i think the majority of americans are i think the majority of americans want to get out of afghanistan now bring the troops home i think the majority of americans understand that our budget is not sustainable that borrowing and printing money to the tune of forty three cents out of every dollar is going to lead to the collapse of this country a monetary collapse so there is a real viable third

i will say what dr paul always says which is that he doesn't plan on it of course he also never says absolutely one hundred percent i won't do it the legal deadlines to do that are getting very close every state is different but basically through the summer if you haven't done the work to get your name on the ballot you can't really do an independent run i don't expect him to do it because his campaign has clearly made the decision that hey we're doing well enough within the republican party the republican party is one of the major vehicles of power in this country let's try to move ahead and influence that party because third party runs never actually do well in the country i mean those are purely symbolic moves in the paul campaign feels that they are making headway in the republican party and it's not worth ruining all that progress by a failed third but what about all his supporters i mean they really i mean it's really ron paul or die for them i mean this has been going on since two thousand and they've donated millions of dollars to his campaign and money bombs he's been doing

is a liberty republican and like is told you before there's a lot of people running in support of dr paul policies and that are going to you know liberate so many americans that it's going to make us financially free individual personal liberty things like that matter he definitely has made america great he definitely has put an interesting twist in the election will definitely be following that thanks for coming on mary that was mary wilson volunteer organizer and ron paul supporter. all right folks wall here are to america we do our best to bring you a range of stories and put as many stories as we can into our shows but there's a whole lot more as well that you don't see here we've got a great web team as well and we want to make sure that you're aware of what's hot on the web so i've got archie web producer andrew blake in the newsroom taking a quick break from his hard work tell us more andrew what are you working on today whole bunch just wrapping up things shortly but we got a couple good stories already up there at our tea dot com slash usa one i was a partition particularly fond

dr. paulign. >> that was ron paul's chief strategist on a conference call this morning clarifying the campaign statement which many media outlets took to mean he was ending the campaign. while he's not ending the campaign, he won't invest in the remaining primary states. can ron paul still be in, then if he's actually out. >> he's never been in or out. and he didn't suspend and when you talk about the end game here, steve, they outlined three goals. they would like to continue more states, continue party leadership positions and more delegates. presumably because they want to have a roll in tampa and what role that is specifically worth discussing. you think the paul campaign, according to a piece you wrote yesterday, could create chaos in t tampa? >> yes. forget all of the substantive stuff. if you see any of these video clips from republican state conventions where delegates are picked, this is many tampa bays, basically. the paul supporters have been flooding these things. they have been he

. >> reporter: during and after the recent ultra music festival, dr. paul says he has seen the effects of a designer drug nicknamed bath salts which also causes body temperatures to spike. >> and then people don't drink water while they're taking it so they become dehydrated. so you mixed dehydration with elevated temperature with loss of inhibitions and you have a life threatening combination. a mix for disaster. >> reporter: bath salts were banned in florida in 2011 but new formulations have become dangerously popular. >> we've had several deaths. earlier last week, we probably saw our first deaths from bath salts. people were running into the macarthur causeway, being chased by the police and then just collapsing. >> the victim of that attack does remain in the hospital and is in critical condition. >>> now at 6:00, we are severe storms across the region. >> the celebration of the life of chuck brown continues at this hour. the tribute to the godfather of go-go will go well into the night. >> a metro worker trapped today under a train. >> two small plane

their campaign has a lot of respect for dr. paul and what he brings to the process. ke no mistake the tampa convention will nominate mitt romney and it will be his convention. what happens if ron paul supporters decide to stir the pot? can do serious damage to romney's attempts to unify the party. even if they can't vote for paul, it's possible that paul supporters turn delegates may refuse to vote, maybe, rather than vote for mitt romney. that's possible. romney could still get the nomination. not pretty or unanimous. why would ron paul go to all the trouble? a strong voice at the consequence and influencing the platform. a possibility he's paving the way for a future white house bid by his son kentucky senator rand paul. and don't kout count out the possibility he could run again. done it three times already. what's one more? there are ways these paul-influenced delegates can mess around at this convention. they're not going to deny romney the nomination. we know. the party platform is a big deal and guess what? also the v.p. nomination. there is no pledge on that.

quote, governor romney has a lot of respect for dr. paulon paul, of course, and the energy his supporters bring to the process we look forward to working together to help mitt romney defeat president obama this fall. as for individual state conventions make no mistake the tampa convention will nominate mitt romney and be his convention. think about this mitt romney the presumptive nominee who racked up the primary wins thinks we need to be reminded he will in fact be nom natsed at his party's convention. the reason is headlines like these. ron paul wins majority of nevada delegates with romney all but the nominee, ron paul snags convention at maine's gop convention. if this sounds like news, you're not wrong. mitt romney already won, in quotation marks, those contests earlier this year. in february he won the nevada caucus and maine straw poll. in nevada romney got 50% of the vote, ron paul got 19%. when nevada sends 28 delegates to the party convention this summer, at least 22 of them will be ron paul's supporters. this weekend ron paul su

dr. ron paul. >> it has been moved to suspend the rules that allow -- that requires a two-thirds vote.ere a second. all those in favor of the suspension of the rules, please signify by setting aye. fails. four other nominations from the floor. microphone 8. >> i nominate jim byrnes. >> jim burns has been placed into nomination. further nominations. seeing no for the nominations, nominations are closed. -- further nominations, nominations are closed. so the process that we are going to follow for presentations and nominating speeches is we will randomly select putting on a piece of paper the numbers one through four. they can edits are their representatives. the was elected member from -- it looks like nobody has -- does will be the number they are nominated. it will give their nominating speeches. >> will one person from each of the campaigns come forward to select a slip of piece of paper. that will determine the order in which they are allowed to give their speeches. lee wrights will be presented first. [applause] jim burns 3rd. i wonder who goes last. mr. nealson. drumroll. big surp

dr. john paul jr., division director of fire analysis at the national par friction association. the doctor has been active in fire analysis and research for nearly 35 years. our third witness is chief jim critchley, chief critchley represents the tucson fire kept in my home state of arizona and currently serves as the president of the western chir chief's oh. sour final witness mr. kevin o'connor, assistant to the general president for the international association of firefighters. thank you again for, to our witnesses for being here today. as our witnesses should know, spoken testimony is limited to five minutes each, after all witnesses have spoken, members of the committee lieutenawill h minutes each to ask questions. i now recognize chief ernest mitchell. >> good morning, chairman quayle and distinguished members of the committee. i'm at the federal emergency management agency and the administrator in charge of the administration at the department of homeland security. it an honor to appear before you today to discuss the u.s. fire administration. the fire administration is

dr. galbraith for his opening statement. >> chairman paul, ranking member clay, it's an honor to be here, especially i am a former ranking member of the staff of this committee and i was part of those that balanced the growth act. the plural mandate and flexible and practical language of present law. that law was drafted at a time of acute theoretical

through dr. paulal problems are and see the gravity of the situation. and the futility of voting for the current presidential frontrunners. randy writes, that is too easy. the rich and corporations just love the status quo. josh in new orleans writes, our leaders do represent the american people. we are greedy, self-centered and looking out for our own self-interest. our leaders in washington view compromise as a sign of weakness. mark writes, nothing is going to change, left or right, liberal or conservative, republican or democrat until we have term limits in congress. why does the presidency have a term limit but congress doesn't? >> kristen writes, they can't focus on the problems destroying this country. they are so wrapped up in getting reelected that focusing on real problems would be political suicide. if you want to read more about this depressing stuff, go to the blog, cnn.com/cafferty file or through our post on "the situation room" facebook page. see you monday. >>> prince charles takes a

so basic science research, for instance here in new york city, dr. paulard, rockefeller university is one of leading biologists and really understanding the mechanics behind the cell as to why it creates this protein. for the first time this is going to be the first multifactorial, national studies which may yield very positive answers for patients. jon: theals himesers problem is getting worse in this country. why is that? >> over five million americans are afflicted with alzheimer's here in the u.s. one would argue it is getting worse because people are living longer. you would argue --. jon: more time in your life to show the symptoms? >> if you live into your '80s the likelihood of developing alzheimer's is greater. we don't know are there environmental factors affecting the american population also. all the things we need to look at. we have an epidemic on our hand but this multifactorial trial will be very positive for patients and families. jon: look for more information on foxnewshealth.com. >> we have the whole story on foxnewshealth.com. jon: dr

paul says he will seek delegates at state level party conventions and in a statement, dr. paul said this, quote, i am so proud of what we accomplished. we will not stop until we have restored what once made america the greatest country in human history. how about this from the golden state? not all that godden at the moment. in what he's calling a reckoning for california and america. governor jerry brown proposes some $8 billion in some painful budget cuts, and warns that $6 billion more could be slashed if voters don't approve his tax hikes. >> we didn't lose any money, we just didn't get it. when you make a prediction about the capitalist system, it is an estimate. a guesstimate. there is no certainties. i know you would like an exact prediction of the business cycle. it doesn't exist. wait. do you know the difference between saying hey, i think i'm going to get a bonus next year, and wrong? or as you walk to work, you lost your wallet? and $200 is gone. so one is a loss of actual dollars. and the other is coming out inaccurate on the predictions you make of a complex global

dr. herbener. >> chairman paul, ranking member clay -- >> keep the mike up close. >> and distinguished members of the committee, it is an honor to appear before you. left to the market the the production of all goods, including money, passes the profit and loss test as socially beneficial production. like all private enterprises, a gold mining company produces the revenue from the sale ever its output exceeds the cost of buying its inputs it's p production is beneficial. in the market money production is regulated by profit and loss. changes in demands bring forth more production. if the demand for money increases making the value of gold coins rise, minting companies would increase production. as the supply of gold coins increased, their value would decline and as the demands for resources increased, their prices would rise. the profit would dissipate and resource allocation into and production of money would be optimal for society at large. patriotduction of fie -- it is always profitable for a central bank to produce more fiat paper money since larger denomination bills have the same productio

dr. ron paul. >> it has been moved to suspend the rules that allow -- that requires a two-thirds vote. is there a second. all those in favor of the suspension of the rules, please signify by setting aye. fails. four other nominations from the floor. microphone 8. >> i nominate jim byrnes. -- jim burns. >> jim burns has been placed into nomination. further nominations. seeing no for the nominations, nominations are closed. -- further nominations, nominations are closed. so the process that we are going to follow for presentations and nominating speeches is we will randomly select putting on a piece of paper the numbers one through four. they can edits are their representatives. the was elected member from -- it looks like nobody has -- does will be the number they are nominated. it will give their nominating speeches. >> will one person from each of the campaigns come forward to select a slip of piece of paper. that will determine the order in which they are allowed to give their speeches. lee wrights will be presented first. [applause] carl pearsons will be second. jim burns 3rd. i won