thank you so much that was my plan says senior economist at euro pacific capital. right well you don't have to be a fan of either to know that keith olbermann and glenn beck are polar opposites when it comes to politics and life from one supposed giant paychecks from their cable news employers the two men have very little in common until now so after years of generating both ratings and headaches for their respective networks both men are trading in their mainstream podiums for new ventures betting that the strength of their personal brands will somehow guarantee success even if that means starting over on smaller risky or so-called alternative television platforms or she's honestly on this to see a turkey has a story. so i think it's french for it's despised by some lot by others they certainly can't stand each other who makes you weak more for journalism keith olbermann or me the less than one percent of the country that watches your listens to his show thinking they are not listening to an educated imperceptibly. can these mainstream media stars shine just as br

the interesting prediction as peter schiff president of euro pacific capital now while former secretary of state congolese are right chevron and a think tank have teamed up to launch a new project to look at how to promote quote economic development livelihoods and reduce poverty worldwide this from an oil company that refused to pay an eight point six billion dollars per order pay out for poisoning ecuadorian amazon rain forest causing fourteen hundred people to die and this call for foreign investment on a day where as we just talked about jobs numbers are dismal and this also comes in the wake of many other difficult economic announcements so what is really going on here well are two christine for the alexander. it was billed as an initiative to promote the leadership of the united states to develop economically communities around the world. and featured former secretary of state congolese a rights partnering with chevron one of the largest oil companies in the world we can help countries to begin to build infrastructure that can attract and properly use private investment and busine

economy but earlier i asked peter schiff he's president of euro pacific capital and smart money is going into gold look at the dow gold ratio is the lowest instead i think of the entire cycle it's around eight to one right now so money is moving into gold it's moving into commodities despite this correction stocks oil is still over a hundred dollars a barrel today on the close here in new york smart money is going off shore is going into foreign stocks foreign currencies look at the swiss franc the dollar closed today an all time record low against the swiss franc that's the safe haven currency not the u.s. dollar so then how does the united states government get corporations to invest any of that money here at home in the united states and they're certainly not getting it from corporate taxes i want to bring up a chart showing what some of the largest companies in the u.s. have pointed in corporate taxes and they've paid zero or you had a negative tax rate i mean that doesn't seem fair needless to say but that money isn't isn't coming into the u.s. government despite the fact that these

joining me is peter schiff president of euro pacific capital to talk about this peter excuse me thanks so much for being with us first of all i want to take a look you know we always hear these jobs numbers reports they're better this month they're worse this month but i want to look at this chart and i hope that they printed it out for you if we could put it up the unemployment chart so there are a lot of numbers in this chart but really the biggest takeaway is that that red line is the unemployment rate the unemployment in the recession the worry and i compared to all the other recessions in this country's history and it is way worse when it comes to joblessness so my question for you is if you know is this a blip on the radar or is this you know a really dire situation that something really major has to be done about. it's dire the reason that the chart looks as bad as it is is because we're not in a recession this time we're in a depression you know unfortunately we didn't lose enough jobs last because president obama still has his and you know he thinks we're on the road to recove

joining me to discuss this is michael pentodes senior economist at euro pacific capital michael thank you so much for joining us tonight well. i'm fine thank you for starters i just want to know what your. take is on the situation in greece do you think that this is unstoppable do you think that it is bound to happen. well it'll reach three hundred forty billion euros and here it is on three hundred sixty percent of g.d.p. when you reach that level there is nothing you can do but he fought a lot doesn't mean just on the floor i was in any income from. from the reduction if you can interest rate dutch but some restructuring will occur . now i think of her money as well. not only reach the united states because we are. going to war joy in the. us what i want to what i'm wondering is that i feel like a lot of americans think that the situation in greece what's going on in europe itself far removed from that that it really doesn't concern them but let's say that we do see this restructuring where do you see these default go on in greece what's natural down effect going to look like how's

joining me to discuss this is michael pentodes senior economist at euro pacific capital michael thank you so much for joining us tonight. i'm fine thank you for starters i just want to know what your. as on the situation in greece do you think that this is unstoppable do you think that a deep alt is just bound to happen. well it'll read three hundred forty eight billion euros and their sheer is going to reach one hundred sixty six percent of g.d.p. when you reach that level of day there's nothing you can do by default and the law doesn't mean it is just on this level i was in many generations in come from irish way shit from france or the reductionist if you come from issues great dutch but some restructuring will occur to you that now i think that for many of. the danger of not only reach the united states because we were cheap point four trillion dollars trillion us but what i want to what i'm wondering is that i feel like a lot of americans think that the situation in greece what's going on in europe is self far removed from them that it really doesn't concern them but let's say th

how does that affect us joining me to discuss this is michael pentode senior economist at euro pacific capital michael thank you so much for joining us tonight. well. thank you for starters i just want to know what your. take is on the situation in greece do you think that this is unstoppable do you think that a part is bound to happen. well it'll reach three hundred forty eight billion euros and now sheer is on three hundred sixty. g.b. when you reach that level there's nothing you. thought in the office i mean just on . income from. beijing cut from the reduction you can cut from interest rate the dutch. are shuttering will occur again . and i think a very many of the early ages are not only reach the united states because we're. going for joy in the gasoline us but what i want to what i'm wondering is that i feel like a lot of americans think that the situation in greece what's going on in europe is self far removed from them that it really doesn't concern them but let's say that we do see this restructuring we do see these people go on increase what's rattray call down effect going to look