well what do you know it's george it's not george soros it's monday and george soros is out making headlines with a new proposal on how to fix the eurozone crisis it involves a european fiscal of the already in charge of the various rescue mechanisms that can issue european treasuries and set up a debt reduction fund. and actually a borrowed up the excess stock of that that has or to move. to cali of scream from those who by issuing those. so he has his plan and he says the lack of fiscal agreement of leaders ahead of the e.u. summit this week could of course proof fatal for the currency union because i don't know maybe it's fatal or maybe he's just pushing his plan but the point is that we've heard it before we've heard it from soros we've heard from various leaders and technocrats that we have a deadline to solve the eurozone crisis or else we were in fact just talking about this on friday and now we have another fresh deadline from another newsmaker soever harrison founder of credit write downs is here to level with us because edward you are not. trying to make these big splashy and of th

let me name one -- george soros!s in 2010 gave $34 million to political causes, including the 527s he's condemning. let's put this in perspective. how many stories have networks run on the koch brothers about the evil koch brothers and how their money is destroying the country. the koch brothers gave $4 million. 1/7th of what george soros gave. he is giving an interview decrying what he does-- >>> i know there are groups that he has donate the money to, public integrity. npr, i think he gave a lot of money to. what about media matters, is he funneling monies through the groups? what about the center for american progress? what about the groups that are out there trying to silence conservative speech -- can we directly tie him to those? >> tens of millions to all of these groups, media matters got another $1 million from him. this is part of a soros machine. you wonder where the far-left gets all of its money. you are looking at it. there are others. but you mentioned some people. you mentioned boone pickens, foster f

george soros changing the game here remember at the beginning of june he said europe had the reymundo to get it together now just three days will talk about it meanwhile spain has formally requested its think they allowed cyprus has now requested bailout aid citing spillover from greece grazes new finance minister resigns merkel puts the basha on euro bonds and the central organization of central banks says their money printing buddies may need to give it a rest let they all run out of it all the while bank risk may be growing so what exactly can one more even summit solve will try to answer that and amidst the global debt crises affecting cities and states across the united states one suburb in the state of georgia has adopted a different model of government it has no long term debt no pension obligations look at their privatization of city home let's get to today's capital account. well what do you know it's your it's not george ours it's monday and george soros is out making headlines with a new proposal on how to fix the eurozone crisis it involves a european fiscal authority in c

george soros warns authorities have three months to save the euro. >> glimmer of hope for spain. the spanish jobless rate falling in may, but on an annual basis, the figure is up still by more than 12%. >> and china central bank chief says they'll continue to invest in europe so long as the block pushes on with reforms to resolve its debt crisis. >>> yes, you are watching "worldwide exchange." and just kicking off on a session where we're seeing slightly lighter volumes than usual because of the uk bank holiday taking place. a little bit further red on our market maps. so this is the xetra dax you're looking at. the vast majority of our equities in germany are trading in negative airer to. the same goes for the vast majority of the european markets. i was looking at spain and portugal and they're raiding in positive territory. cac 40 off by a smidgeon. ibex 35 seeing gains on the back of a very dire week. i was doing the late show on friday and we closed off the week on the ibex 35 seeing losses in the region of 7% on a weekly basis. but we're seeing buying into the banks in this

there's been a comparison, mark, between george soros the liberal donor of the democrats and they're him. >> conservatives had a lot of fun going after george soros the big democratic liberal donor and made him sort of the bogey man, someone they could rile up their supporters with. now the obama campaign is doing it with the casino owner and surprising because it is one of those names you don't normally hear. they want to make sheldon adelson as famous among liberals as george soros was among conservatives. >> do you see that to be the strategy, mark? >> well, you know, what i've seen actually from the obama campaign as well as democratic groups, they've actually made the koch brothers who had this group americans for prosperity and others higher profile than sheldon adelson. >> right. >> right now. but, you know, it is something where people want in this era, where the names can be transparent, people want folks to know who's giving money, who's writing big campaign checks, things like that. and so it is something that will come on. i will say on the george soros he so far from a l

currencies are going to become extinct we're going to go back to some kind of gold backed currency george soros recently said the eurozone just has three months to avert a breakup of the monetary union you kind of agree with him you know soros agrees with me soros thinks it's too from the kaiser report we've been buying gold for months he was out of gold he was an gold these out of gold he is on the fence about gold finally i hopefully sorest will see it my way i used to you know work with this son in new york many years ago i know the family well i think they're over training this market just go along told george don't trade out of the position this time work with me george we're going to make everybody a lot of money who has gold. or let's go back to the eurozone that's committed to the remedy a waste of time you think. well the remedy that they come up with whether it's austerity our money printing fails to address the central problem of corrupt banks at the center of this plausible fraud in the united states of course we now find out that m.f. global and j.p. morgan were involved in a massi

there were only forty eight hours to save the euro according to one newspaper but i guess then george soros bought us a little time because early june remember he said we are just a few weeks into a three month deadline so when and how does the euro either persist or implode exactly well let's talk to gerald celente who specializes in telling it like it is he's founder of trends research institute publisher of the trends journal and he joins us on capital account now and it is so great to see you you're the perfect person to talk to you want to friday to around the week out thanks for being on the show gerald oh it's always a pleasure being on with you you have one of the greatest business shows on t.v. oh you're so sweet thank you well you're one of the best guest to have on a business show on t.v. so i'm dying to know i just went over some headlines over the last year where people officials newspapers commentators have said there is a week to save the euro there is ten days to save the euro there is three months and to be fair we're still in the middle of george soros is three months pred

golden bear market threat but guess who is reportedly even buying billionaire hedge fund manager george soros and he is not the only heavy hitter we'll talk about it let's get to today's capital account. federal reserve chairman the central planner in chief ben bernanke you trotted to the hill today to give another one of his economic outlook speeches as traders of course listen carefully for any news that might give them an edge on their daily speculations hoping to make a quick buck a quick buck it seems is all that americans can hope to make these days with interest rates suppressed at near zero for almost four years now forcing more and more hardworking people to speculate on riskier assets if they would like any sort of return on their money at all now for those who are less inclined to spin the roulette wheel there is always the comfort of your mattress which guarantees a return of at least some of your money whatever is not confiscated through what mr bernanke isso euphemistically calls quantitative easing we call it counterfeiting more confrontational folks may refer to it as outright

that's why george soros saying it has three days. you created a crisis.f the reform doesn't happen, it does create self-reinforcing crisis on the downside. >> brian, thanks for calling in. coming up, the buzzkill. plus are shares of boeing taking off? the analyst who upgraded the stock today. stay with us. us.y assets. i'm not paying hidden fees or high commissions. i'm making the most of my money. and seven-dollar trades are just the start. i'm with scottrade. i'm with scottrade. i'm with scottrade. and i'm loving every minute of it. [ rodger riney ] at scottrade, we give you commission-free etfs, no-fee iras and more. come see why more investors are saying... i'm with scottrade. today. gold is a today. gold is a place to keep an eye on. take a look what's happening in gold, off the level. a move higher 17%. >> a couple weeks ago we would see gold do what s&p is doing. we decouple for a week or so when we heard the chairman speak. now a fade again. i think it's extremely optimistic for gold direction i'm staying long on gdx. >> silver. >> a nice intraday

the euro the dollar the british pound the yen are all crashing against gold and silver you see george soros for example is not buying gold again as are all the central banks around the world are buying gold and silver because they realize that this all is joining into a massive currency crisis and all these paper currencies are going to become extinct we're going to go back to some kind of gold backed currency george soros he said recently said the eurozone just has three months of a break up of the monetary union you kind of agree with mia. no saros agrees of me. thinks it's to from the kaiser report we've been buying gold for months he was out of gold he was gold these out of gold he is on the fence about gold finally i hopefully sorest will see it my way i used to you know work with his son in new york many years ago i know the family well i think they're over trading this market just go along gold george don't tend to trade out of the position this time work with me george we're going to make everybody a lot of money who has gold. or let's go back to the eurozone committed to the remedy

they have $1 million from george soros. george soros money, i suggest you complain to catholic charities organizations where george soros gives far more money to them than he does to media matters. complain and see how that goes. special thanks to peter ogburn. >> man. >> cyprian bowlding, it's been a pleasure. bill press will be back next monday. he has recovered from his little minor procedure. i am sure bill will be happy to be back after i have chased away all of his viewers. >> come on now. >> and, also craig crawford, we are expecting him to join bill in studio and ron pollock with his interesting study about the number of people who die because they don't have health insurance, bill's guest next monday. on behalf of the entire game at current and the bill presses show, i am david shuster. thanks, everybody. have a great weekend. >> this is the bill press show. . what happened to george prescott bush. >> no, he was jeb bush's son. >> oh, that one. >> the ricky martin look-alike yeah. >> going in another direction. the

your headlines from monday june fourth two thousand and twelve billionaire hedge fund manager george soros says the e.u. is like a bubble and authorities will not be able to meet the demands of the market coming up here now it doesn't keep crowds from trying of course as officials reportedly push for new master integration plans what are they doing to fail when the mood is this negative was the very poor mation of the e.u. made possible by this mood to begin with. its harsh. words are going to bout bull market mania with that exhibit a robert proctor founder of elliot wave international is here to explain and that's lobel trustee takes aim at john pores and himself in a report the trustee says he may sue the former c.e.o. and other m.f. global executives for negligence and breach of the judiciary duty the new york times also reports that bank of america's top execs and those meant to police them are likely to catch heat for new revelations about the banks' bad behavior during the financial crisis that's come out does bear market psychology we ask mean we'll see more aggressive attempts to

so george soros is known as many things but he's known as the man who broke the bank of england so hey that could be one reason why when he gives a speech saying europe has the reminds to save the euro it gets a lot of attention now here's a snippet of what he said over the weekend. but we are a board. could be. the moment group who could do more but do it through. the bone. but we know nothing will stop e.u. authorities from trying and german press is reporting top e.u. and e.c.b. officials are working on a master plan in fact to try to get the eurozone out of crisis which they were reportedly present at an e.u. summit in late june does any of it matter though given the negative social mood is the tide flowing against integration and there's nothing to stop it and we have to look at this within the context of the bull market euphoria that the eurozone was born from to begin with as soros notes in that speech in the boom phase the e.u. was what this cycle analyst david tuck it calls a fantastic object unreal but immensely attractive now that is something our next guest often talks abou

in 2004, george soros wrote $20 million checks to democrat group to air ad against george w.> whether the issue is healthcare, energy, budget, union benefit or any other divisive topic in the news this decade, non-profits use paid ads, web video and social media to vadco kate for their side. one who made a living doing it is former hillary clinton presidential campaign aid and committee staffer named lauren crawford. partner at the firm hamilton placed strategies. >> a lot of the pieces are bipartisan where you have moderate parties to bring it together to move something in congress. >> people may see the political consultant ads hidden manipulators, the reality is they like other contract vendors are helped in by the -- hemmed in by factors beyond their control, budgets, deadline and idiosyncracies of the candidates they work for. >> they need to know what congressional district, state, target races they need to inject the ad into. you put ads to washington, d.c. or utilize ads in districts to motivate other constituents to speak up and make it important? you have to underst

let's solve this. >>> george soros said >>> george soros said overnight the eurozone has three days tosummit thursday and friday will be a fiasco and could prove fatal for the eurozone. the stock market down 169 points on the dow. what's the trade here? >> good morning, simon. what we're seeing is a risk-off trade. specifically in the equities we're seeing a selloff. gold is holding in strong despite the fact that we have a stronger dollar. the euro eu has to come up with a trick play if they're going to get the legs back under some of these peripheral banks in europe. >> let's say they don't. that's the indication because the french and the germans are so split. how do i position in the market here for that outcome and how bad could it be? or do we shrug it off and say, we knew about it on monday? >> you're seeing the flight-to-quality bid in the treasury market and that's where it's going. a lot of money from banks in europe, a lot of it's coming over here for that one reason, what if. and right now, it's not a good scenario. i think you're going to continue to see riskless assets be

george soros, the billionaire investor, came out and gave them a stark warning. he said you have three months to save the euro. he says they have not understood the crisis while leaders have been trying to solve the debt problem. he said the actual problem was a banking problem and a competitiveness problem. he says they have been using the wrong tools or the wrong remedy. >> people listen to what he says. in 2010 there was a french trader found guilty, the rogue trader, is appealing. >> he is indeed. scapegoats or criminal, that is the question? we're talking about the french role trader. jerome became the poster boy during a financial crisis after he lost the french bank's 4.9 billion euros on trades that went very wrong. he starts the appeal today. how did the bank in 2008 cope with this big loss? >> on the day it was announced, there is a lot of money from their shareholders to plug the hole left by the rogue trading loss. that put them in reasonably good shape for the crisis that came later. in fact, what happened later in 2008 across the banking sector due

meantime, billionaire investor george soros thinks said germany has three months to avert a breakup of the euro-zone. he thinks the region's crisis will peak this fall. he wants german leader angela merkel to push "extra-ordinary policy measures," to keep the euro-zone together. >> a lot of crosscurrents, we have two perspectives on the market for invests, charles nenner is the founder of charles nenner research center joining us in miami, nick colas with the nasdaq, chief market strategist at convergex group. again, thanks. lots going on here. charles, let's begin with you. your view of this market for long-term investors through the end of the world for stocks. >> we're very negative. we don't think the problem is europe. we think the problem is the united states. i still think we will have deflationary crisis. i =eink the economy will roll over. >> tom: than a recession. >> even worse i think than a recession. and the beginning of a lot of troubl. >> tom: not an optimistic out look from charles, do you agree. >> i think it is a little dire but i think unfortunately it's on the right

leading investor george soros says the eurozone has only a matter of months to sort itself out before collapse how do you think it can carry . can it carry on i should say for a very long the way it's going. with knowledge looks like that spain really needs. and probably italy will need one and then we have to question a lot of greece if greece actually exits the euro. legal and minister to president so markets investors within that this could leave this would put more pressure on governments to do reforms and will also be pressing presidents for countries like finland and germany to say well we may actually lead if you don't get your i was this in order so then they would have a more credible threat. to push other countries to do the necessary stuff so. it's a very open how this all in but i fear that in in the end the e.c.b. . to political pressure and start running the printing press but. the e.u. has admitted at least discussing plans to limit withdrawals or say from cash machines impose border controls if greece quits the euro what effect do you think this would have on the union

less of a time distance to get to the goal, and be able to have something, a win of some kind, george soros who has made a lot of money in currency speculation and investment had a speech about a month ago where he gave europe three months, and he -- >> he also said last year about three months. >> yes. >> two weeks alast year. >> two weeks last year and there are others as well who have said this. what's the timing? is there a second best? >> well, i mean, i think that we have to be clear that this is second best. modeling, as i said if we could have a cooperative solution, it would be much cheaper and much quicker, but that's not possible because of the sovereignty issues involved. so we are in a second best situation here, and with respect to the timing issue, the way i view it is perhaps slightly broader. the euro area is trying to achieve here, is trying to unify from the bottom up by voluntarily pooling sovereignty from the units to a new center that's being created, that's infinitely harder to do than the way consummates are normally unified which is of course through military conque

george soros has said that the eurozone has only a matter of months to sort itself out so he's very clear on what he believes but he's also said that the ministers european ministers have chosen the wrong path with austerity instead of investment how do you see. i completely agree you know i understand why there was an orientation toward austerity to begin with tighten the belt a little bit and change your ways but there's no way that europe is going to be able to dig itself out of its hole if it doesn't grow so the focus now has to be on program of growth policies and the question becomes are there sufficient resources to enable europe to grow sufficiently so that it can literally pull itself out of its hole that's a that's the question that i don't really think anybody has the answer to my best guess is that with enough fiscal in center if you will enough printing of the money and enough throwing it down into the hole there will be limited benefit i am doubtful however if at this stage of the game four years down the road after all that money has been shoveled down into what seems like

he co-founded the quantum fund with legendary investor george soros back in the 1970s, and he made his fortune before he was 40. since then, he's spotted many other opportunities to make money. he says you should trust your own judgment. at the age of 5, he was collecting empty bottles at baseball games instead of playing. i took a walk in central park with him and i asked him, why are you so down on the u.s. right now? >> you should be very worried about 2013. 2014, you should be very, very worried. the stock market's done nothing for 12, 13 years now. we have a lost decade in america. we're going to have another lost decade. next year's going to be bad in the american economy. be very careful. >> what do you buy? where are you putting your money? >> i'm short stocks, i'm thinking it will go down and i own currencies and i own commodities. >> they say everyone should have a little gold in their portfolio. >> i have a little bit of gold in my pocket. >> how much? no. >> i hope i do. >> let me see. he sure does. i won't keep it, but -- >> i know you won't keep it! i've got witnesses! >>

>> well, he was the kind of the george soros of his day. he was a speculator who had the golden touch and who also seemingly had the ear of the powers that be in politics. the difference is that soros has an agenda, he has a specific left-wing agenda which he pushes overtly and public. baruch was more in the influence line. he was a democrat of the old school. rather laissez-faire. work and save, low tax democrat. of the kind that went out of fashion along about march 1933. so baruch, i also learned in studying baruch that it's important to have a biographical subject that you really like. because i came -- i admire baruch for so many things but he finally showed himself to be someone for whom getting along was more important than principle. and it became irksome. if one, as i say, writes books nights, weekends, and the fourth of july, you have to love it. >> it sounds like you didn't like him. >> he's okay. >> you clearly liked thomas reed and how did you get to know him? >> reed? >> yes. >> let me say one last thing about baruch before le

makes contributions to campaigns does that mean that foreign moneys influence our elections or george soros for that matter the revenue that there you have on china the revenue they're getting is coming from american customers what shelly adelson is doing is he's going to macau he's building a casino and he's taking money from chinese although i was an i misunderstood i thought that apple actually sold products of other countries including china ok you're absolutely right ok so they made off with that and those profits you know that my point is it's very hard to argue that every time someone every company whether it's g.m. whether it's for what are you have companies not be allowed to contribute just sort of the problem of money well we'll have to pick that up when we come back more of more of that ice politics coming up after the break. there hasn't been anything good on t.v. . it is to get the maximum political impact. before source material is what helps keep journalism on the real world. we want to present. something else. it is easy to beat. he. believes. it. will. be a. welcome back t

interests of anonymous would be represented along with a hedge fund let's say with the interest of george soros so these two could battle it out in the free market and the result would be prices that would more generally unfairly reflect the interests of society at large so now the problem that i had with that concept is that the hedge funds of course loved the idea but activists like greenpeace they were against the idea because any association with anything i have it is finance whatsoever they found would be completely alienating to their base of the five and ten dollar supporters is that kind of what you found or how have things changed yeah i mean i think good general that's that's true there are lots of issues with these sort of faustine bargains you might say if you enter into kind of relationships with headphones existing headphones. i think there's basically perhaps this two different proposals i think that be in groups which have . sort of campaigning groups which which not publicly but certainly in private conversations have advocated the idea of setting up their own hedge funds. and

check in with lauren lister and see what's on today's agenda what's going on more on the well george soros billionaire investor news maker pretty much whenever he says anything is now saying that europe may have to read a to pull it together with a make or break moment for the currency union this is ahead of an e.u. summit later this week which is that three day window that european leaders have to all agree and come together with some kind of couldn't buy all results that would save the euro zone or elles soros says this could be a fiasco and could be fatal for the currency union now we have heard these predictions a million times before so we're going to settle once and for all whether they mean anything but on the flip side the euro zone does appear to be at a very. a precarious point and what really can one do abbi if you've watched capitol hill with leaders trying to agree the eurozone is definitely no better so we're going talk about with edward harrison thanks lauren that does it for now for more on the stories we covered go to youtube dot com slash r t america or check out our webs

your headlines from monday june fourth two thousand and twelve billionaire hedge fund manager george sorossays the e.u. is like a bubble and authorities will not be able to meet the demands of the market coming up here now it doesn't keep crowds from trying of course as officials reportedly push for new master integration plans what are they doing to fail when the mood is this negative was the very poor mation of the e.u. made possible by this mood to begin with.

you on the right the coke brothers and on the left you have george soros. you have a situation where the public right now i think is acutely aware of the massive shift of income from the middle class to the very, very wealthy. we focused on the top 1 or 2%. no, no, no. we ought to be focusing on the top 1/10th of 1%, because there is a big difference between a lawyer who may be earning a million dollars or two million as a partner in a major firm and someone like john paulson who earned what, $3 billion in one year and didn't pay taxes on it, by the way, because it's all earned in the caymen islands, and he only pays taxes on it when it comes back to the united states. the public takes a look at these examples and says wait a minute. this is a democracy. we're entitled to have some relief. and that's the benefit of a democracy. it provides a method of relieving tensions in the public before it reaches explosive stages. you know, they're asking questions like i was at a recent meeting and someone said well why are american ceos making ten times what british