all right it's time now for word of the day where i break down a financial word or term for our very smart viewers but maybe just not the financial expert in the crowd now today the video experts may not actually even know this word but you'll hear it a lot from our guest max kaiser and it's job it stands for this global insurrection against banker occupation and you won't see this term on the pages of financial times i'm doubting but you will see it online here for example is the facebook page dedicated to giago and let's see another example from online we actually found it on the message board on tom hartmann's website and you may know tom he broadcast every night his show right here on our t.v. so there it is on his website so what exactly does it mean well just like you may not find it in the financial times you won't find a definition in webster's or investor but you will find it on urban dictionary and here's what it says a comprehensive and sophisticated assault organized by commoners in the work force against a small elite group of bankers and politicians working harmoniously

all right happy friday it's time now for word of the day which is where i break down a financial term or concept for a very smart viewer but maybe not the financial expert in the crowd so where's the word of the day and we want to buy or you i'm going to give away a word of the day there's a word now everybody knows we just want to you walk on set and that's what we. were just kids school that's what i enjoy every day so you're ok with that that's probably all right because i know some of our audience is ok with out of the group ok fred i. think stars rose the word of the day is monetize and i understand why you need to know it aside from the fact that my guest has talked about it look no further than the european central bank's version of quantitative easing or bond buying under a program to ask and p. let's look at what their head says the s. and p. currently has just under two hundred. billion euro. in total vonda holdings does anyone really think germany will allow the monetization fund to increase by one hundred and fifty percent before merkel says something well we're going to l

car three monarchy has played a absolutely fundamental war which you know even so much so the financial times said without without a zero there would be no successful war on libya so cutter is a big player but it's becoming you know the lebanon ization of libya is very is very much in play right now every different rebel faction across the country in libya is connected to different countries in the region and the west but politically in the region. the different emirates and be a counter so far has a vested ralcorp they want to develop as a hedge amount in the region and syria is next as well and people have to have to think do they want to see in syria what's happened in libya do they want to see this kind of anarchy and this is this order and this terrible trauma that the people of libya are living through and this is what nato once and this is what carter and you want as well all right thanks for your thoughts on the program spokesman for british civilians for peace in libya on the line from london thanks kiran. we bring up to them some world news in brief report a u.s. drone strike in pak

joined by eric savidge, forbes, and man of the financial times.t strikes me as the most remarkable thing about our technology is the way that we have begun to interact with it. it seems to understand us. is that a fair assessment? >> it is. first, i want to thank you for that, and say really the fathers are three extraordinary founders. >> dads often have money as well. >> i was the dad with the money, yes. i was the one -- sri international also was the founding source of the telling nolg. an amazing team altogether. this is the third generation of user interface in human computer interfaces. the first being the major advance in the mouse icon. the second being gestural interface, and the third being a conversational user interface. none three developed by apple. all three xhashlized and popularized by apple. really all three led by steve jobs. it's really quite remarkable history here, and this is an interesting stage in that progression. >> mike, i can say, i press a button, and i say music, and then i can say the track. that's voice recognitio

both mentions of a possibility that the eurozone is done financial times article today saying a critique of him being ten days or less i mean this could be huge do you think well to having to do think it's going to happen this is a real possibility i think last week was seen as kind of a game changer because last week what we saw was. actually start to rise in the core countries and wednesday germany had a very bad bond auction and so that was the first time it looked as though investors were saying ok this isn't just a breeze or italy or a peripheral issue this is an issue that strikes every country in europe is potentially a credit risk now because none of them can print their own money none of them have a lender of last resort to backstop so that kind of takes it to a new phase because event point when everyone is that risk and you have this potential for a run on the entire economy you really do have to get a solution right away i guess you could say the fact that the e.c. . we could still do this is an optimistic take and you know i don't think there are new solutions lef

have people like him saying that wolfgang one child who is a german economist who writes in the financial times he's also said the exact same thing in the last day or two yes i think he's got a matter of days before they are exact so you know it's a dire situation and ultimately they have to act in the next little bit or go things with ok so let's talk about who they are because you mention of course italy which has become this big major problem and there are rumors that came out that you know maybe italy was going to get a six hundred euro bailout from the i.m.f. or was asking for one the i.m.f. came out and said hey that's not true but would european leaders love an i.m.f. bailout because that could make it look like the e.c.b. isn't printing money and that seems to be the sticking point right exactly that's the particular rumor that i think is probably just a sort of float there just floated out there to see what people think i really do think that there. cooking up the scheme but they really sort of created this leak in order to see you know what would be the appetite especially in the unit

the euro zone was a great idea according to most in the mainstream but now we see i've got the financial times here the eurozone really only has days to avoid collapse this was the front cover story the economist this week this is no longer a french idea no it's certainly no longer a french idea it's no longer limited to take euro skeptics like nigel farrar she we just heard from i mean now you see it on the financial times you see it you have technocrats and insiders that would very much be considered the european establishment saying things like the girl has a fifty fifty chance of surviving until christmas that was from jock a tali the economist seems to be the president of the european bank of reconstruction and development so it's very much moved into the mainstream because things have really changed in the last week christine things have been elevated to a different level when we saw a juror failed german bond auction thirty five percent were unsold i mean germany is as core to the eurozone as it gets that thought that there were concerns for germany and the bar and cost rose was a huge

martin wolf is the chief economics commentator for the "financial times."ronwan maddox is the editor of "prospect" magazine, a current affairs monthly. welcome all. martin, you wrote in the financial times you that think finally the time is now. you have been saying this about the euro zone crisis for the last year. do you really think this is a make or break week or couple of weeks for europe? >> i wasn't thinking in terms of weeks. i was thinking of it in terms of moments. what i submarine that the crisis is centrally about the big peripheral countries. it's now spread actually across most of the euro zone. but it's above all about italy and spain. italy is the most important by far. the biggest. they have a new technocratic government. and it's got to work. i mean, basically this government has got to work. if it doesn't, they're going to have an unmanageable crisis with italy and will become i think terminal for the euro zone. so they've got to provide monty, who's got an incredibly difficult task, to manage what he's got in front of him, enough help, a

these are dark financial times. and you want a secure place to put your money. that is why i am pleased to offer you an amazing investment opportunity europe, haven't you always wanted to own a continent? my people have. europe has germany, france, italy, yes, europe, or the old country, will never lose its value because leading economic indicator project that europe is increased in age over time. fake a nap 592, meet your lover at 4, meet your mistress at 5, meet your lover's mistress at 6, chee chee, a thousand of the strangest -- >> act now and we will throw in greece. even if you do not act now we will throw in greece. please, just take greece. all this can be yours for just one easy payment of $1.4 trillion. won't you let us continue to exist? invest in europe, the culture, history and fun are -- -- (cheers and applause) >> stephen: thank you very much welcome back. folks, i don't know about you but i am sick to death of the media hounding herman cain over his sexual harassment settlement with two or three of his former employees. and now one of the settles

"the financial times" says a battle resumes over it. it could, as some sort of deal to offset the cost of those payroll tax cut. but as we told you earlier, "the washington times" says no budget deal just might be a better deal for the economy. we want to get your take. a democrat in massachusetts. what do you think? should congress do nothing? caller: i am in favor of letting the tax cuts expire. the congressional ballet they have been playing the last couple of years is leading right down this track. this way, the republicans can blame the democrats can't the democrats can blame the republicans -- this is america. everybody should be willing to pay more taxes in order to maintain our very high standard of living. host: "the washington times" points out that the biggest chunk of the expired provisions would be the bush tax cuts, which would add $4 trillion to deficit reduction. if you just extend it for middle-class americans are those making less than $250,000, that would mean about $1 trillion in the -- that would mean that you would

in an article in the financial times, the left-sider of the worldwide communion came out in favor of a tax on financial transactions. also known as the robin hood tax. he said he understood the frustration of the occupy protesters and camping in front of london's st. paul's cathedral. their presence generated controversy. the dean of the cathedral became the third official to resign after church leaders called for the removal of the protesters. st. paul's has dropped the efforts to have them removed. here at home, the personhood amendment. this tuesday is election day in mississippi and on the ballot a proposal that said human life begins at conception. if the measure passes, every fertilized human egg in mississippi is defined as a person and that could make abortion for any reason murder. the mississippi amendment could lead to early challenges in court and that prospect worries many abortion opponents. tim o'brien reports. >> now we know an unborn baby is a person, mississippi ans, vote correspondent: proponents insist mississippi's amendment 26 is not so much about abortion as it

these are dark financial times. and you want a secure place to put your money. that is why i am pleased to offer you an amazing investment opportunity europe, haven't you always wanted to own a continent? my people have. europe has germany, france, italy, yes, europe, or the old country, will never lose its value because leading economic indicator project that europe is increased in age over time. fake a nap 592, meet your lover at 4, meet your mistress at 5, meet your lover's mistress at 6, chee chee, a thousand of the strangest -- >> act now and we will throw in greece. even if you do not act now we will throw in greece. please, just take greece. all this can be yours for just one easy payment of $1.4 trillion. won't you let us continue to exist? invest in europe, the invest in europe, the culture, history and fun are hi. kristin. and, you... (camera flashes) yoleine...yoleine.! what do your friends think of your car? they think it's cool. well, what did they say about it? ah, that it's cool. (laughs) does your focus match your personality? yes, it does match

organizations -- i know firsthand how we struggle with our fund-raising efforts in this difficult financial times. i wanted to of knowledge that working with the city attorney's office and pta leaders to hopefully craft solutions that will make it easier for hard- working parents to help their children's schools stay afloat, and this has to do with recent announcements about fund raising of around eight events. i just wanted to acknowledge that. i know that we will be acknowledging also restaurant appreciation week a little bit later, but i did want to get a shout out to the inner richmond district restaurant that i will be supporting, especially for their efforts to create healthier food for the people of the richmond district. i also wanted to make a plug that one of the good efforts that the three brothers do for the richmond district, so we do not have a farmer's market in richmond. one important community service they provide is providing produce boxes, healthy and fresh produce boxes for people on sunday from 10:00 to 3:00 p.m. with tremendous items in it as well. i apologize for those that

right it's time now for word of the day why break out a financial term or concept for a very smart of your interest but perhaps not the financial expert you know not the gym records in the audience and today it is reserve requirements and light of the discussion that i've been having with our guests and also of course today's big news. kind of kicking things off this morning the country bank they're lowering the reserve ratio per bank for the first time back in two thousand and eight it is a move to try to defend the chinese economy from the weaker global outlook we want to look at ok so this news about the reserve ratio the reserve requirements what exactly are there are they well let's look at them in terms of the u.s. central banking system the federal reserve to explain let's take a look at the definition ok this is the amount of funds that a deposit or institution must hold in reserve against specified deposit liabilities now depository institutions must hold reserves in the form of vault cash or deposits with federal reserve banks ok it sounds complex but in plain english this i

in a highly unusual move, prime minister yoshihiko noda has told britain's "financial times" that thecandal could hurt japan's reputation as a rules-based market economy. >> translator: olympus strategically studied the acquisition of the companies. based on mid to long-term business plans. >> takayama was named president on wednesday, following the abrupt resignation of his predecessor. in a bid to shore up confidence in the firm. and to take responsibility for a sharp fall in its share price. on thursday, takayama reiterated olympus' denials of any wrongdoing concerning m&a deals. kikukawa's departure came less than two weeks after he fired then-ceo michael woodford for failing to understand japanese management practices. woodford said he was sacked for challenging what he vibes as excessively high consultancy fees paid in the buy-outs. >> they're so extraordinary, these payments and the way they've been made. i just can't understand how that could have happened unless there was some type of issue behind them in relation to more sinister matters. >> in 2008, olympus bought british m

time. before it can be done anywhere else good financial analyst makes because of things because of the very worst sort to put in charge at this time people say well the bankers know best what the bankers are the ones who have stolen all the money so are we going to give them more ability to steal more money and oppose more austerity measures that's insane but there are signs the e.u. . they have gone to war with anger boiling over it's there it's images the mold the book crosses seventy people have been injured in protests in italy will greet civil servants and teachers we tell to choose day open and pension because i think it's just gearing up for more violence that's a noble public demonstration on thursday in brussels the new push to forty. as the technocrat take over creeps through the year as only concern first son is that they could do more harm than the elected politicians later i am here explains why those taking charge seem to do more talking than sorting. every time they have a summit in and they will proclaim that they found a solution a solution only last one or two weeks and th

in a highly unusual move, prime minister yoshihiko noda has told britain's "financial times" that thecandal could hurt japan's reputation as a rules-based market economy. >> translator: olympus strategically studied the acquisition of the companies. based on mid to long-term business plans. >> takayama was named president on wednesday, following the abrupt resignation of his predecessor. in a bid to shore up confidence in the firm. and to take responsibility for a sharp fall in its share price. on thursday, takayama reiterated olympus' denials of any wrongdoing concerning m&a deals. kikukawa's departure came less than two weeks after he fired then-ceo michael woodford for failing to understand japanese management practices. woodford said he was sacked for challenging what he vibes as excessively high consultancy fees paid in the buy-outs. >> they're so extraordinary, these payments and the way they've been made. i just can't understand how that could have happened unless there was some type of issue behind them in relation to more sinister matters. >> in 2008, olympus bought british m

time. before it can be done anywhere else good financial analyst makes causes of things buying because of the very worst sort to put in charge at this time people say well. beggars know best but the bankers are the ones to have stolen all the money so are we going to give them more ability to still more money in a post more austerity measures that's insane but there is saw in the e.u. may have gone to fall with boiling over it so bijou spirity measures the more the board brothels seventy people have been injured in protest. greek civil servants and teachers walked out of big jobs on tuesday over wage and pension cuts i think he's gearing up for more violence that's another public demonstration on thursday in brussels don't you go through forty. well as a technocrat takeover creeps through the years and the concern for some is that they could do more harm than the elected politicians. check your m.p. explains why there is taking charge seem to do more talking insulting. every time they have a summit and they will proclaim that they found a solution a solution only last one or two weeks and the

the "financial times," the big headline, "confidence fears test italy." the heads of the house and senate armed services committee are vowing to investigate revisions to air force policy after reports that remains of fallen troops were mishandled. that news comes as the "washington post" reports from 2003-t 2003-2008ing the dover air force base mortuary disposed of some troops by cremating them and dumping the ashes in a virginia landfill. the process was abandoned in june of 2008 in favor of burials at sea. officials telling the "post" the practice was limited to fragments of body parts that were initially unable to be identified or had been recovered later from a battlefield in which family members said could be disposed of by the military. officials could not give an estimate on the number of remains disposed of in this manner. >>> a major league baseball catcher is kidnapped in his home country of venezuela. we'll tell you how it happened and give you the latest on his safety. >>> and the monster storm has rolled over alaska, we'll inspect the damage

here's stuart kirk, global head of the lex column at "the financial times." >> how many italians namede to fix the eurozone crisis? with mario draghi at the helm of the ecb and mario monti appointed prime minister of italy, the answer is it is too soon to tell. mr. draghi has the longer-term task; the more urgent one falls on the shoulders of mr. monti. he simply must prioritize economic growth, which is italy's great weakness. but reforming italy is tougher than it looks. italy's borrowing costs are already retreating, but not by much. at an auction on monday of $3 billion worth of five-year bonds went as well as could be expected-- at a yield of 6.29%. the auction sent two important messages, though-- that italy is not shut out of the capital markets, and that the immediate threat to mr. monti's plans are higher interest payments. there is little mr. monti can do about the markets. he should concentrate on what he can change, italy's dismal economic growth. wages and costs continue to rise, meaning italy has lost competitiveness as quickly as countries such as ireland and portugal. m

. >> always interested there absolutely splendid piece that appeared in the financial times this week by a man named ed crooks on monday. it was a full page spread that -- two pages spread as i recall, and the energy section of it, and it was just great. and it's very compelling. >> and very compelling and it's accurate, because i've responsible to the people in in industry. the technology has changed dramatically. it does not involve the environmental risks that eleanor was referring to. they are going to be able to drill in totally different ways, and much deeper. >> if laterally. >> and go laterally. >> and a dramatic transformation in the supply of energy coming up out of do. particular -- >> natural gas and liquefied natural. >> and oil! >> and oil. >> so it comes out as oil too. >> 40 million barrels of oil in idaho alone. dakota, excuse me, north dakota alone. what they're finding is truly a stoppering, and transforming to are this country. >> to we're apparently richer -- >> we are. >> canada is -- >> shale. >> yes, but there are other places that haven't been successfully pro

business leaders forum very squishy they're getting the podium already and sitting here our editor financial times david pilling thank you very much they've done it again the last time i can get there. and i joked that it was the only time that i'd come out with a prime minister and they would announce my name. well this time they've done it with the president so. my job to interview to introduce the president the president of russia dmitry with the with the please welcome him. now mr president you just come directly now from a meeting with barack obama can you tell us a little bit about what you discussed. yes covering one of. the most cultured machine you have a good relationship with president obama nationals will question you that was so immediate reflected in their own radio. break it was a vision of. their recent hearing and that meeting was a good one we discussed a lot of questions. aren't and cannot win situations and he spoke about their apec summit spoke. russian without ruti own. i think president. first american president and. the most exotic africa story. he did for. russia would alr

you're you talk about the rise of the borg technocrats tell us about it irish term i usually a financial times article that i just wrote for here you know we're talking about we should feel governments in our government in the early center fielder money greece so that you know they're going to replace these guys i'm going to allow. i see these guys temporary. you say your prayers for her spouse to be all knowing all powerful and they're going to get things done in the bond markets in the phrase today you know. this crap all straight. you know you should be compensated and turned her away by. congress failing no you know what i mean. really transformers go all feeling your guns you know what i'm saying you know those in the fine are simply saying no to your friends here right off of the far right now on your blog you said something interest. lately he said that the great deposit or they should pull every third of their money out of the great banks and it lays out farkas is that a little bit messy but i'm slowly. charge to you from my friends. bank in copenhagen to be sure to charge deposits and

financial institution in the next ten years but it's not that easy the ongoing economic turmoil and financial times. hello and welcome to the show thanks for having us thank you very much for being with us so first of all. the one hundred. years that it is. burbank is the only bank that survived the socialist revolution of nine hundred seventeen in the revolution of ninety ninety one so so so so it's been there for it was created by the. eddie qt of eight hundred forty one so it's an institution and it's not a recluse and as burbank is celebrating will be anniversary the news of the continuing eurozone crisis well is this crisis are these news that we're getting from europe how they are eating any problems any any risks for the russian banking system. directly no. any possible impact for very negative scenarios i thought had russia. would filter through to the russian banking system only through the russian real sector and it is largely through the overall economic activity of the corporate sector and therefore the consumer. which may experience some slowdown that would in fact both volumes of the

financial times article that is appropriate here we're talking about we should feel governments that are. dealing with that of really greece. or place these guys. are going to replace these guys. if you start supposed to be. an all powerful and they're going to get things done. by an arms race today you know literally this whole stretch. used to be was a term for early. primaries this well you know what. elites saying transformers fall below your guns you know what i'm. simply saying. no two that he regrets here right. now right now on your blog he said something answer thing lately said that the great depositors they said pull every other money out of the greek banks and place so talk us through that a little bit that was a little. closer to chart my friend the. bank of america ok he's trying to chart the causes and we're seeing a slow steady trend usually major trends and people pulling money out of their savings account checking accounts and grace and i send people out of my deposit on my blog. you know especially christmas just the time of year in which we see these kind of defau

i didn't take your financial times article that is appropriate here you know we're talking about we should feel government started to fill government immediately we're going to feel girly grease so you know we're going to replace these guys my whole life. we're going to replace these guys. check your cracks no you start. to be. an all powerful and you're going to get things done. by markets. you know literally just whack a mole straight. he was a charmer early by. the sale well you know what i mean. transformers go off on your guns you know what a strange you know this is the by simply saying you know. all right now on your blog you said something interesting that literally said that the great depositors' they should pull every cent of their money out of the greek banks and mediately so talk us through that a little bit mess absolutely. close to the church my friend. ok sure. and we're seeing a slow steady trend and the only major trend in people falling money out of their savings account and checking accounts embrace and i said to people i know i didn't post on my wall i'm. you know espec

they are also giving away bags of groceries to people that just hit hard financial times. >>> time now it happened overnight. police moved in at that snow park camp. >>> and a white hot car fire. her roric actions -- heroic actions that save that man's life. >>> a terror suspect was involved in when they made an arrest. >>> cambridge toll plaza looks pretty good. we'll tell you more about the morning commute and bay weather straight ahead. ok, you guys wanted a space for entertaining your friends, so, open your eyes and check out your new living room! [ gasps ] honey, the tv's over there! yep, we got you the new at&t u-verse wireless receiver so you can put your tv pretty much anywhere you want. and that stand... anywhere? like, we can put it over there? and that coffee... or we could t it on the patio for watching the game with the guys. or in the kitchen? but, these curtains are... i can't believe you moved the tv. it's like a whole new living room. it actually is a whole new living room. [ male announcer ] the new wireless receiver, only from at&t. now get u-verse with dvr at the lo

. >>> vallejo has seen tough financial times. the police force has felt the brunt of increasing crime and a shrinking staff. even the budget cuts lowered morale. one officer went above and beyond the call of duty. the fallen officer james capoot leaves behind a legacy that will not soon be forgotten. cheryl hurd is live with more on the story and where we are with more on this investigation. >> reporter: all day and all night long, a steady stream of people coming to pay their respects for james capoot. there are notes, flowers and candles left behind for a man who will not be forgotten. there is no doubt jim capoot was a good guy and will be missed. you can tell by the handwritten messages of thanks left on the doorstep at police headquarters. he left his mark on this city. >> and once i met him, we had an automatic connection. >> reporter: and on the vallejo high school gym where he coached girls basketball alongside duke brown. >> i was texting jim with regard to some other issues about 11:30. then hearing around 2:30 that som

in this article he wrote in the "financial times," he said he supports their agenda, very much showing the church is on the side of the protesters and not necessarily on the side of the bankers. >> there's been a real throwing on this one. thank you very much indeed. well, it's been three months since a famine was declared in several parts of somalia. neighboring ethiopia is also affected, but it hasn't stopped somalis getting out of their country and getting into ethiopia, just as they've done in kenya as well. aid organizations have ramped up, but now there's the arrival of the rains. our world affairs correspondent, mike wooldridge, was in ethiopia as the emergency erupted. he's just been back. >> still they cross the border from somalia. aid workers are braced for an even bigger influx into ethiopia once again. today around 300 new refugees pass through the reception center at the border. the rains did give us some hope, this man says, but we were very hungry, so instead of staying we decided to flee. it's conservely estimated that 800 people, mostly children, have died in this cam

. >>> they are the images we've unfortunately grown all too accustomed to in this tough financial timend going out of business. up next, discount retailer filene's basement is filing for bankruptcy. details of when they could be closing their doors for good. >>> plus, we are checking weather and traffic.   stay with us. q during the darkest chill, lift your spirits with the winter lights collection from air wick. brighten your home with fragrances like apple & shimmering spice. it's a new way to greet the holiday season. the winter lights collection. something in the air wick. guys... [ female announcer ] pillsbury cinnamon rolls with cinnabon cinnamon are an irresistible sunday morning idea. nothing calls them to the table faster. sunday morning ideas made easy. grands! and gravy. man, it's butter all the way.g? uncle ray, gravy or butter? definitely butter. boom! or gravy. ham. turkey. or nothing. as long as it's grands!, i'm good. [ female announcer ] grands! holiday ideas made easy. >>> heading to reagan narc you are looking at that time live there.

you talk about the rise of the borg technocrats tell us about it i wish to turn my excuse me a financial times article but it is appropriate here you know we're talking about we should feel governments our government and they like the federal government agrees so you know we're going to replace these guys i'm not. going to replace these guys. check their friends know she saw her first post of me all known and all powerful and they're going to face down in the bond markets in the face today you know literally just this right old straight. you know you should be going to trim her early by. the sailing well you know what i'm going to get really crazy transformers fall feeling you're going to see you know what i'm. you know the i'm simply saying no to your friends here right off the bat. all right now on your blog you said something insist. it lately said that they're great depositors and they pull every third of their money out of the greek banks and mediately so talk us through that a little bit right it's a little like. the church my friend the. bank is ok short of church deposit and we're seei

about fifteen hundred businessmen and women at the conference in that david killing from the financial times actually asking the questions in which he talked about having good relations with president obama having discussed the private meeting on the sidelines of the apec conference in that meeting they talked about the government here membership and that obama is very enthusiastic about russia joining the b.t.o. in that process also about regional conflicts including afghanistan and some things that they weren't allowed to discuss publicly or because the confidentiality of the nature also about the w t o said that it is a good change for the russian economy that the country is ready to join going to b.t.o. and that russian economy needs to be brought up to the international business standards and that being a member of the w t o will help russia get on board with international standards also talked about russia being. and a rich country rich in energy resources and that one thing about membership that would help russia become a major supplier of broad resources to the international communit

europe and here is a prediction you predicted right here on the kaiser report and this is from the financial times the short view by james mackintosh and apparently the european commission released the paper in which they suggest one of three solutions to the debt crisis and guess which one of them is well i know because i read the f.t. they are suggesting that italy and other eurozone countries put up their gold to collateralize a new round of fake bonds collateralized by now they want to pick the pockets of these countries for their gold i predicted that how could i predict. because these markets are centrally broken and we are watching a clip talker see it's very obvious to predict how a cancer will predict because it's cancer so therefore kleptocrats of course will want to steal italy's gold that was easy to predict because in a club to kratz well according to the article italy has the third biggest reserves of two thousand four hundred fifty one point eight tons worth almost one hundred billion euros if that was used as collateral for the first loss portion of a bond say the first twenty perc

forum there as you can see there a gentleman getting the podium already and sitting here editor financial times david pilling thank you very much they've done it again last time i came yesterday . and i joked that it was the only time that i'd come out with the prime minister and they would announce my name. well this time they've done it with the president so. it's my my job to interview to introduce the president the president of russia the mitri the. please welcome him. now mr president you've just come directly now from a meeting with barack obama can you tell us a little bit about what you discussed. you're discovering when you show. us. machine you have no tv's with president obama national blushing year that was so limited you reflected in the whole rave reviews but it was all a breakthrough is the usual good all there research here is and that meeting was absolutely wonderful we discussed a lot of questions. asked mistake a larger cannot exist. spoke about their apec summit. spoke. russian about. joining them i think president lee of iran is the first american president of. the most art