although the agency experienced a brief period of funding growth, the budget failed to keep up win flation in the years leading up to the financial crisis. despite continued growth in the markets, the number of employees actually fell. and with oversight examination and enforcement stretched to the limit, operations and i.t. needs were put on the back burner. investments in new i.t. fell by half. during my term, we've been fortunate to experience a modest funding turnaround. increases that we were determined to address strategical strategically. we want not just to grow but to grow more efficient as well, growing in ways that would expand capacity faster than the budget numbers were rising. we broadened our hiring approach, with recruits in special brackgrounds and specialized experience. we now have traders on staff in addition to attorneys and accountants, gifving us a great insight into the practices that drive today's market. we saw it increase to almost double than it was in 2009. we significantly upgraded our case management system. overworked attorneys and paralegals can now take ad

even year to year movements in ichb flation, the volatility was much greater under the gold standard. there were other concerns also with the gold standard. now one of the things that a gold standard does is it creates a system of fixed exchange rates between the currencies of countries that are on the gold standard. so, for example, in 1900, the value of a dollar was about $20 per ounce of gold. at the same time, the british set their gold standard of saying roughly four pounds, four british pounds per ounce of gold. so $20 equals one ounce of gold. four pounds equals one ounce of gold. so $20 equals four pounds. so what that's saying is basically that a pound is $5. so essentially if both countries are on the gold standard, the ratio of prices between the two exchange rates is fixed. there's no variablity as we see today when the euro can go up and the euro can go down. now, again, some people would argue that's beneficial, but there is at least one problem which is that if there are shocks or changes in the money supply in one country, then perhaps even a bad set of policies, other

their reserves, their foreign reserves shrink and their currency depreciate united states, hyper flation i inflatig to result and puts both regime at a political risk so they have an interest to get the done. >> woodruff: you've tied it to gas prices right here in this country. would resolving something in one country in the middle of the continent of africa really affect gas prices. >> here's what happens. president obama gave a press conference a week ago, and it was a political question about the gas prices. and he said well there's a lot of reasons. there's speculation, speculators. there's the questions of security in iran or continued dealings with iran. and there's also the sudan has turned off the oil. so yes, and here's senator lugar, so it's not a political question. senator lugar today brought it up and said the exact same thing. the truth of the matter is this. if china is not getting that 6% of the oil, then they're going to the same places we go to get that oil. and that raises the price. so there's no question about the fact that it does raise the price. for me, as an acti