this is something that dr. paulorked on on a bipartisan basis with republican presidents and democratic presidents, with republican congresses and democratic congresses. the support for this, as you saw here today, goes to republicans and democrats, progressives, conservatives, blue dogs. the american people want to know , i don't believe the american people are afraid to know. of course the american people would not be comfortable with interference with the fed, with micromanaging policy decisions, with tearing down the institution. but in fact i think that the 9/11 of the financial market, if you will, the meltdown in 2008 and 2009, $1 trillion nearly in tarp money and countless trillions in expansion of the balance sheet, have taught us one thing. what we don't know can hurt us. now before 9/11 of the financial market, before the meltdown, before the lamen brothers and bear stearns evaporated, we would have thought, well, there's some very smart people on wall street and we'd have been right. but smart people can

right welcome back i gave a pretty lengthy explanation of what dr roberts is going to be talking talking about so let's get right to this paul craig roberts joins us he's economist former treasury official and dr roberts please do tell us what is your thesis on the libel or rigging and how it would help improve bank balance sheets. well a lot more relates to almost all of the debt instruments or loans and the collateral debt obligations and a lot of the things that are on the books of the banks whose values is questionable are linked to live or so when the library or rate goes down lower it goes it pushes up the price of those instruments and therefore it improves you see the price of a debt instrument and the interest rate on it move in opposite directions so the lower the interest rate the higher the price so by fixing the right low their way will do boost the prices of the instruments on their books and make them look healthier than they actually are aha so that that is how they really gain they gain much more from that than from lending to one another at lower interest rates and of course the bond market in general benef

before recognizing dr. paul for his statement, i want to note that this may be his last committee meeting with the chairman of the fed -- federal reserves. throughout his time in office, dr. paul has been a consistent and strong advocate for sound monetary policy and his leadership commended during the series when the federal reserve chairman appears before us have certainly made the hearings are interested and provided several memorable youtube moments. >> mr. chairman, unanimous consent to say that having served a long time with ron paul come with whom i agree on a number of issues, i'm very pleased i was able to share one term with him as the chairman because there were times during a joint service but despite his seniority and thought he'd never get to it, so i'm quite he finally achieved the chairmanship he should've had long ago. >> thank you. and let me know if my statement didn't talk about chairman and republicans. >> okay, thank you for the record, we don't know that. >> dr. paul for three minutes. >>

he's dr. paul farmer. he and a few other great minds created a charity called partners in health. in the years since, they have revolutionized the delivery of health care worldwide. and as byron pitts reported in may 2008, they are saving millions of lives in places where no one thought there was any reason for hope. >> the idea that because you're born in haiti, you could die having a child. the idea that because you're born in, you know, malawi, your children may go to bed hungry. we want to take some of the chance out of that. >> dr. farmer invited us to central haiti where he discovered his life's work more than 25 years ago. that meant a three-hour, jaw-clenching, teeth-rattling ride on an unpaved road from the capital city to the hospital. >> why do they call this a highway? >> you got me. you got me, buddy. it's the principle artery through central haiti. >> if the ride doesn't break your back, what you see when you arrive will break your heart. the squatter settlement of cange is one of the poorest

dr. paul, i honor your commitment to rooting out the criminal currency cartel that fronts through the federal reserve and it's high treezetreaston and finance that weaponizes the american people and people of the planet. and i would like to ask you straighten out your record in terms of foreign policy, because in many ways i honor what i see as your noninterventionist foreign polcy, which should actually be called a do no harm foreign polcy. as we know every single war that is start -- policy. as we know every single war that is started by the united states of america is done through fraudulent and deceptive initiating events. this era it was september 11. and you took an oath to honor the constitution, that includes against domestic enemies. under article 3, section 3 of the constitution it's clear that the fraudulent nature of the september 11 attacks are treason and it goes to the bowels of our national security complex and to the operatives who are -- have infested many of the high positio

caller: dr. paulhonor your commitment to reaching out -- rooting out the criminal cartels that go to the federal reserve and operate in high finance and are against the people of america and the planet. i would like to ask you to straighten out your record in terms of foreign policy. in many ways, i honor what they see as your non-interventionist foreign policy but as we know, every single war that started by the united states of america is done through fraudulent and deceptive initiating event. it was september 11 and you took an oath to honor the constitution and that includes against domestic enemies. under the constitution, it is clear that the fraudulent nature of the september 11 attacks are treason and goes to the bells of our national security is complex and to the operatives who have invested many of the high positions in the pentagon. that would include people like michael chertoff -- host: do you think 9/11 was a domestic event that guest: no, i don't believe that. i don't believe the commi

. >> dr. paul was not involved in the settlement but says katie may find comfort in her latest venture as a fashion designer. >> she needs to have identity and purpose in her life. >> katie holmes brilliant in divorce strategy says ex-scientologist. news director of hollywood reporter on our set this week. >> matt, why do these former scientologists say she's been brilliant? >> i think what they are responding to is the fact from the beginning katie was on the offensive. she was not on the defensive. she was the first one to file. she sort of remained silent but media droppings that have come out everywhere about where she is. she's been out showing off the bond. all of this has contributed to a press reaction to katie. >> have we been manipulated? has the media been manipulated by both sides? >> i don't know if i would say manipulated. there's a strategy to control the message here. >> let me ask you this. how will this

-cio associate with the economic growth program at the new america foundation dr paul he's also the author of the book from financial crisis to stagnation and thanks for joining us great to have you with us tonight thanks don't let me. recover my share here so first of all this little riff that i did any. anything i missed no i don't know if they had an excellent presentation but we can say is that in the united kingdom they've been running an austerity experiment and the results of that will start a policy experiment are in austerity it does not work or study does not revive a condom ease or sturdy actually she sinks them and that's confirms what we as you said we've learned from greece we've learned from spain we've learned from italy right now i've heard it. there are actually winners in austerity that the banks are getting a fair amount of money they're getting bailed out the people very high and their taxes are going down is this. just bad economic policy or is there is there a kernel to this economic policy that actually benefits some portion of the populace that causes them to promo

and to win a rival germany's on the right dr paul clinch is back to back stage wins at the top of france although it's still probably in country lara who leads the overall standings. but first tennis and this year's women's singles final wimbledon will be between four time for much am pm serina williams and world number three at nascar advance scott williams reaching her seventh final at the all england club courtesy of a six three seven six women over victoria azarenka an early break in the first set but are firmly in control of the american service gang proving to be faulty good for the australian open champion williams delivering a record twenty four aces during the match over the second set was a closer affair with eriksson time grand slam winner came through the tie break for straight sets victory on a shot a title number five. who's the little final i don't know any other way to come out except for my best chance has been playing well she won miami. and she's been consistent this year and more consistent than i have so that ari tells me even beginning i really need to go out there

would also go with ron paul obviously given my my overall ideology i have a lot in common with what dr paul believes but i think the one thing you would do obviously would be you know romney's very slick and i think maybe this is going to be one of those things where people think he's too slick because maybe trying to you know i certainly aren't bill to the point calling anyone a felon anyway i think that's a little overboard really isn't right now kind of trying to you know void the john kerry swift boat trap and i think if you even in the original question is who would you go with if i was the republican picking someone i would go with someone who is very different than mitt romney at this point i think i think ron paul obviously is but i would probably probably go with newt gingrich because he's he's different he was probably the most critical obviously had to be he was in the race so you have the most distinguishing him you'd need a different kind of republican at that point but i think he would need somebody who's just different than somebody you think will make trying to get away with

dr. paulutes. >> i had a question but i better follow up on the question you asked, chairman bernanke, concerning the audit of the fed because when the fed talks about independence what they're talking about is secrecy, not transparency. and it's a secrecy i don't like and that we have a right to know about. what the gao cannot audit and i believe it would be the position of the chairman is it cannot audit monetary policy and you expressed yourself on monetary policy or agreements of central banks and governments and other banks, transactions made under the direction of fmoc, discussions or discussions between the board and the federal reserve system related to all those items. so it really -- it's really not an audit without this. it's still secrecy. and why this is important is because of what happened four years ago. it's estimated that the amount of money that went in and out of the fed for the bailing out overseas was $15 trillion. how did we ever get in this situation and congress has no

if they do that again in nebraska this saturday, according to the republican party's own rules, dr. paul will be eligible to be nominated for president at the party's official convention in tampa this fall, which means that at that convention, mitt romney's nomination will be contested. and there will have to be dueling speeches by him and ron paul, and there will be a contested floor vote. and it will not go at all the way these coronations are supposed to go. i realize that this is not happening in washington, d.c. and it is something the republican party big wigs would like to keep as quiet as possible. but the question of whether or not the ron paul folks are going to take over the nebraska republican delegation this weekend turns out to be quite a few a big deal. and the ron paul folks know that. and nebraska republicans know that. very quietly last week, the nebraska republican party confirmed plans that they plan to increase security for their convention this weekend. they said it was in the interest of holding an orderly convention, a private security firm being brought in by the

>> reporter: dr. paul elsizes in the virus, treatable it can be deadly. >> that's one of the mailer causes of cancer in the country. >> reporter: a serious health risk that federal officials are saying that came at the hands that someone trusted. they believe that kwaitskowski contracted it in june of 2010. >> all four maryland hospitals are contacted patients. >>> a proposed bill written to expand gambling should be ready for review. that is the word from the governor's office. he wants to hold a special session to allow table gables. lawmakers have until august 20th to pass the legislation. >>> with a week to go before the 2012 olympic games, the flame arrives in london and secure is a top concern. border agents will be on high alert with the opening ceremony gets underway. the olympic torch made a dramatic arrival al london. it will spend the night at a vault with the queen crowned jules. the latest test of the secure came as the torch went closer to london. police tackled a man who tried to grab the to

. >> thank you, dr. paul. congressman clay for five minutes. >> can we get the answer in writing to that question? >> may i just comment, congressman, paul, your objections are to the structure, but all of the actions that we took in the crisis and swap, all of them are disclosed. it's not a question of information, it's a question of whether or not you want to give the fed the powers. if you don't want to, congress has the right to take them back. >> thank you. >> the gentleman yield me ten seconds? >> i yield. >> just to mention in fact in the financial reform bill, i think whether there were differences, we repealed section 13.3 of the federal reserve act which was the single biggest grant to lend money if they thought there was a chance. it was the aig loan. the congress in 2010 made a substantial reduction in the federal reserve authority. >> mr. chairman bernanke, the national unemployment rate is 8.2%. lower than it was a year ago. as i said, it's important to put all americans back to work. but i'm cau

dr. no finally got a yes." ron paul has been pushing this bill for quite some time and passed the house by a fairly partisan vote. his son, the senator from kentucky, is pushing the bill in the senate, but as of now it is sort of an owl liar issue for the senate and is probably not going to receive a vote there. senator paul has been pretty tough in his fight so far. he may try to get a vote on it, with an amendment to one of the bills it has to tackle over the next two months the three months. host: from fox news, the final vote, eight co-sponsors actually voted against it. guest: i stand corrected. that was a big win for dr. paul. that was one of his most important legislative victories so far. with the become law? probably not. but the issue of the handling of the bailout four years ago continues to resonate with an intense group of voters. rand paul will be here to keep carrying the flag. host: welcome. caller: yes, why do they do nothing about the keystone pipeline? president obama seems to think it is a big joke.

there was a big win for dr. paul.ably one of his most important legislative victories so far. will it become law? probably not. but the issue about the fed and its handling of the bailout and its role in the bailout for years ago continues to resonate with a very intense group of voters and i think the you will see this issue won't die, and of ron paul is retiring but rand paul will be here to carry the flag. >> host: republican, welcome. >> caller: yes. i'm just curious why you don't do anything but the keystone pipeline. it's been up five or six times find president obama fees' to think it's a big joke he does nothing about just wondering why, sir. >> caller: i think what you are going to see is that is granted dna issue that will be decided by the presidential campaign. i think if mitt romney wins, that's going to be flipped over. the senate will then likely change hands and i think he will basically see that there will get implemented. it's something there will be completely determined by the presidential campaign

we're paul leaders. >> now dr. dance plans to continue his listening tours in september and october and plans to talk to staff, the community and students. he wants to gather their input on the school system. you can find this story under the education tab on our website at abc2news.com. >>> you know, playing sports is a great way to keep your child active, but how many sports should you have thremg involved in to ward off obesity? that story is coming up at 5:00. >>> a new study on weight loss and the three tricks you should be using to drop even more weight. the car on the left was filled up with low detergent gasoline. the car on the right was filled up with bp gasoline with invigorate. which helps clean and protect its engine so it can get a few more miles per tank than the car on the left. go a little farther with bp gasoline with invigorate. now you have the power to lower gas prices with the bp visa with pump rewards. apply at choosebp.com >>> keeping your teen active in three or more sports could prevent ob

that was a big win for dr. paul.was, you know, probably one of his most important legislative victories so far. now, will it become law? probably not, but the issue about the fed, it's handling of -- its handling of the bailout, its role in the bailout of four years ago resinates with an intense group of voters, and i think you'll see the issue that won't die, and ron paul's retiring, but rapped paul will be here to keep carrying that flag. >> host: new york, ray, republican, welcome. >> caller: yes. i'm just curious why they don't do anything about the keystone pipeline. it's been up five or six times now, and president obama seems to think it's a joke. he does nothing about it. i just wonder why, sir. >> guest: i think what you're going to see that that's going to be an issue decided by the presidential campaign. i think if mitt romney wins, that's going to be flipped over. the senate will likely change hands, and i think you'll basically see that that will get implemented. i think that's something that will be det

. >> dr. paul. >> thank you, mr. chairman. and good morning, mr. secretary.i have a question about the president's working group on financial markets. there is an article that said the president's working group on financial markets in june of 2008. during that time may assume you were president of the new york fed in june of 08? >> it was then made that we briefed them and i was the one -- >> the article said june, but okay, nay. is that the fed briefed the working group. does that mean you did it or someone else from the fed? >> it was on the agenda of the meeting and i went to provide. i wasn't a member of the group, but occasionally went to provide an update on this issue and my staff subsequently briefed officials of the treasury and federal officials that the fcc. >> okay. you're the chairman of that group right now, correct? >> yes, chairman of the council. >> in relation to that meeting you have and what you can't dance, and you keep detailed minutes of others meetings? >> we keep maintenance in the public

that was a big win for dr. paul. it was, you know, probably one of his most important legislative victories so far. now, will it become law? probably not. but the issue about the fed, its hand handling of the bailout, its role in the bailout of four years ago continues to resonate with a very intense group of voters. and i think you'll see, you know, this issue won't die. and ron paul's retiring, but rand paul will be here to keep carrying that flag. >> host: syracuse, new york. ray, republican, welcome. >> caller: yes, sir. i'm just curious why they don't do anything about the keystone pipeline. it's been up five or six times now, and president obama seems to think it's a big joke, he does nothing about it. i'm just wondering why, sir. >> guest: i think what you're going to see is that is going to be an issue that will be decided by the presidential campaign. i think if mitt romney wins, that's going to, that's going to be flipped over. the senate will likely then change hands, and i think you'll, basically, see tha

dr. no finally got a yes. ron paul has been pushing this bill to audit the fed for quite some time and it did pass the house by a fairly partisan vote. i did not know the exact numbers of the top of my head. his son rand paul, senator from kentucky, is pushing the bill in the senate. as of now it is show it -- sort of an allied air issue for the senate and probably not going to receive a vote there unless senator paul -- he has been pretty tough in his fight so far. so, he may try to get a vote on it as an amendment to one of the bills that they will have to tackle in the next two to three months. host: from fox news, the final vote was 327-98. eight co-sponsors, democrats, actually voted against it. caller: ice -- guest: i stand corrected. a big win for dr. paul. probably one of his most and for the legislative victories so far. will become law? probably not. but the issue about the fed, its handling of the bailout, the role in the bailout of four years ago continues to resume with a very intense group of voters. i th

dr. ron paul. he has made his money honestly. i scan the television and watch several peopl because he of foxken off network because they mention ron paul. host: we have a tweet. at some point is there a saturation point in negative campaigning where $800 million on negative ad -- guest: there are diminishing returns and we have probably reached diminishing returns and we still have several months to go. they are not negative returns. this is an election that will be decided by the fundamental factors. distribution of party identification in the country. it looks like a close election. advertising can matter at the margins. ask al gore if advertising could matter at the margins? would he like to spend more in florida? that is the way the campaign managers think. they are risk adverse. that additional to hundred million dollars could make an impact -- that additional $200 million could make an impact. they are thinking about ohio in 2004. they are thinking about 2002 senate races in places like montana and virginia -- missouri and

dr. paul. >> thank you, mr. chairman and thank you, mr. secretary. i have a question about the president's working group on financial markets. there's an article that said the fed brief the president's working group on financial in june of two dozen eight and during that time your president of the new york setting june of the way. >> it was made that we briefed them and i was the one -- >> what did the article say june, but okay, may. he said the fed raised the working group. does that mean your data or someone else from beside quiet >> who is on the agenda of the meeting and i went to provide -- i was in a number, but i occasionally went. in my stats subsequently briefed officials of the treasury and separately official said the fcc and cftc. >> you're the chairman of the group right now, correct? >> yes, chairman of the council. >> in relation to the meeting had ended and see that sense, and keep detailed ratings? >> wiki minutes and me put this in the direct record with whatever the appropriate ligase to make sure we have reviewed. >> how often do

within the republican party and that's not easy for some republicans to admit ron paul has the nickname in congress dr no for usually voting against all financial matters including those popular within his own party that's going to do for now will be right back here and a half hour see that.

presidential campaign and it has become a rallying cry from his supporters and ron paul has a nickname in congress dr no for usually voting against financial matters including those popular within his own party that's going to wrap it up for tonight from one of the stories we cover check out our you tube channel you tube dot com slash r t america follow me on twitter at liz wahl have a great next.

. >> while surgeons won't be able to attach paul's actual nose on to his face, dr.erto flores has a plan to build him a new one. >> this is something that's going to require several surgeries, anywhere between three and five. one of the things we can use, we can take cartilage from your ear or rib or take bone from your hip and reconstruct the internal framework of your nose so you have some form in there. >> okay. >> his prognosis is good. he survived a terrible injury, a terrible accident. he's a physically strong person. he has a great attitude. some people are spiritually crushed from these sorts of injuries and they don't always make it back. they always feel broken, but i don't get that sense from him. >> thank you once again. thank you for not only saving my life, but i think 99% of the people that came in that condition probably wouldn't have made it. and if you hadn't been on that night, you know, i don't know if i would have made it. so thank you. >> you're so welcome. you're welcome. >> all things considered, paul komyatti has lived a most unusual life. b

dr. ride's life possible. thank you very much. i yield the floor. a senator: mr. president? the presiding officer: the senator from kentucky. mr. paul: dr. shakiel afridi is a physician in pakistan. he has been put in prison for the rest of his life, basically, for helping the united states get bin laden. i think it's a travesty of justice that we are holding this man or pakistan is holding this man for the crime of helping america, and i think we shouldn't tolerate it. we send pakistan $2 billion a year, and recently instead of withholding that, president obama has given him an additional billion dollars. exactly the wrong thing to do. i have a bill that will withhold all further aid, all further foreign aid to pakistan unless this doctor is released. there are reports now that his life has been threatened. there are reports coming from the information minister in the province where he is being held that his life has been threatened by fellow inmates and throughout the community. my concern is dr. afridi may well be killed before he comes to trial. he was scheduled for an appeal on july 19. they have rescheduled this and it will be augu

paul to tell me what the experiment is. i know, he'll know it. there's a famou experiment th a -- i'm gi to describe bry. ganagn t dr tow et d smei t mbhatil re artia a function of the assignment. they gave certain children stars after they did well. indicating they ha done well. and then on he sed rounof e entchdrwho go srsdie. usmewikth--ow hadit the point the action had a point. and had a, youknow had a cause and effect. and somehow that kind of lowered thei ntusia tb as iniv kio no de bth. ke ia edward -- i think his name is pronounced did a lot of work on intreensive motivation how we e peeo wadomng yoabea n re rpe ks ve eseheic th at used to pop around times square. you can rent it. there's a circular bicycle with six seats. it was incented by aupe o watngtth psts o e bung i rt o w e eabe ti tee e g abt trying to fluff that sense of playfulness out of bunch of exhausted and wearvice presiden. oubakat, knst oth ed aylooieom ndustfils nd invent stuff and not necessarily have to give results to the company. the idea is to try to create at garage-sense, you know, in a workplace. d r s y ts. erremedvgeo eu. ll say

dr. abrom owe wits and other forecasters do. >> here's what you write, paul, his method acknowledges somethingpolitical operatives, journalists and candidates rarely do. presidential campaigns don't matter much in determining winners or losers. really? tell us about that. >> there are larger factors at work in making people vote the way they do. one is the partisanship, the way people identify with a party. the people watching this program probably have already made up their minds about who they're voting for, whether it's democrat or republican. the fact is, the economy is a much more decisive factor, how you feel about the economy and your perceptions of it are more important than how you feel about a specific candidate. >> okay. now, larry, are you at all skeptical of this theory? and what about entities like citizens united? that's new since the 1940s when this minimal effects model started up. and there's seemingly endless supply of cash to influence voters, does that change the situation? >> well, first, i am a subscriber to the theory that fundamentals drive elections. i'm delight thad

paul, rob. here. everywhere, a can imagine. i dr in from about ten miles away.ere streaming in fom all over the place. listening to reports of witnesses calling in to local radio stations. we're hearing a lot that seems to suggest that people were in the theater while the movie was going on and that there was a lot of confusion when the gunfire first broke out. people actually thought that this of part of the movie. there were multiple theaters here that were showing the film. and there are report that gunfire went from one theater to another. and that people were injured and hurt in the theater where shooting wasn't even going on. but it is a very chaotic and confusing scene out here as you can imagine, this incident is not very old. but there is just a massive police response that has shown up to this theater this morni o. anclayton, what we're looking it's obviousl early i o getting a sense, police on thun belieng coordinated attack? >> reporter: at this point, we simply do not know. as you said, it is just too early. most people are just now arriving here on

what you said about who i think might be someone -- ron paul has been nicknamed dr. -- nickname dr. no. he is someone who stood by his principles and his morals. he is standing by the constitution. we need more politicians like that. even the founding fathers, george washington, jefferson, those were the real leaders who exemplify standing up for what is right. host: we have a couple minutes left. we want to get to as many callers as we can. the governors are coming back at 3:00. in daytona beach, we will go to our democrats line. vincent, are you come -- are you calling from? caller: i am not in daytona beach. yo in the best i am in fort myers. we need to get the cooperation people and their international partners overseas to do more manufacturing and more production because of all of the businesses that have closed down. if one comes down to florida, i counted 15 businesses -- host: 15 businesses with close? caller: yes. we need to set aside all of the politics. the people in the country and our elected officials have these emergency meetings to create more manufacturing. host: we

paul wolfowitz; former n.s.a. director mike mcconnell. former vice chairman of the joint chiefs of staff, general james cartwright; dr. william perry, jamie gorelick, former deputy secretary of defense jamie j. lynn and richard clark. writing again to majority leader reid and minority leader mcconnell in a letter dated june 6, 2012, which i also ask unanimous consent be added at the end of my remarks. the presiding officer: without objection. whitehouse general hayden and general cart wrao*eut urged us to, and i quote, bring cybersecurity legislation to the floor as soon as possible. given the time left in this legislative session and the upcoming election this fall, we are concerned that the window of opportunity to pass legislation that is in our view, critically necessary to protect our national and economic security is quickly disappearing. they specifically focused on the threat to critical infrastructure. stating that protection of our critical infrastructure is essential in order to effectively protect our national and economic security from the growing cyberthreat. we must not ignore this chorus of warnings is

dr. koshi says every christian needs to answer two simple questions. first who is investing in me? and who aim investing in, or grammaticallier who correct, whom am ien vesting? who is my pauly, intentionally, building into me, helping me become a man of god the way i should, that i can have an impact on my society. but it's not enough just to have a paul teaching you. we need a timothy that we're investing in. a younger guy, or several, or in the case or women, please don't take the younger guys, take the younger women, and take them under your wing and begin to invest in them, encourage them, train them, the way paul trained timothy. many are not doing this. this is why the church is weak. at its core, i believe it's a failure not of evangelism. i believe it's a failure of discipleship, it's an epic failure of discipleship. this is how churches grow weak, because older, wiser, believers, are not investing in younger people, or at least younger than them, at least younger spiritually, and helping them to take what they know in their heads scripturally and get it into their hearts and then get the gears moving, get the athlete in motion, in their life, and that -- i wrote a