george soros says, forget the euro crisis. the euro has bigger problems. it in politics, marco rubio with a new course after regrets on immigration reform. and property, how to build a $20 billion neighborhood. in innovation, meet the man who wants to take a bat wing suit for a ride off mount everest. that is crazy. we will kickoff with a special happy birthday to the world wide web. www turns 25 today. if you do a google search, you'll find there are several dates to celebrate our eternal love of the internet. today marks the 25 years since a proposal to improve the flow of information. "a web of notes with links between them." the international governing body over the internet declared www technology free and open to everyone. >> everyone in the world can have access to some basic service for an affordable price or for free. we think we can do this in a way that gets people access to some basic services. while increasing the overall number of subscribers. and profits so people can invest more. >> mark zuckerberg talking last month about internet.org. he

>> we go live to london on george soros. he says europe still has a way to go. yes, i was asking him on whether the fed should think about the rest of the world while setting fiscal policy and he said because they are so far ahead, they cannot be dragged down by the concerns of the emerging markets the concerns of europe and china. he believes that fed tapering is what needs to be done. actuallys. economy is is the best functioning. the u.s. economy has its own momentum. it's not following optimum policies at all. the internal political struggles which have not been resolved. we had a very wide-ranging interview. we talked about the u.s. and china and europe and the ukraine. there was a common thread in everything -- he said he has but he sees a political vacuum. in europe and the ukraine and a little bit in the u.s. and he things president obama can do more with ukraine. he believes all the political wrangling and washington, d.c. is just holding back the economy in the u.s. because he thinks it could forge ahead and we are still in a state of limbo. >> he also

caller: i want to say harry eid is george soros monica lewinski. soros wants to take the dream away from black americans martin luther king's dream and give it to illegals across the border and that's not right. guest: whether it's any issue from immigration to environmental, you can be an environment list, you can be the biggest deregulation fan in the whole world. we're not here necessarily to argue who is right and who is wrong. but when it comes to the process, the ability to advocate for your own personal special interests. if you're a billionaire and you've got a whole lot of money that you're willing to spend on politics, on races, on campaigns to support candidates that you like, or for that matter attack candidates that you don't like, you have more ability regardless of whether you're a conservative or liberal. and democrat or republican, than perhaps you've ever had in modern u.s. political history. so you can go as an individual and fund these groups to whatever degree you choose. you can either do it in a public way and have the note ri

. >> how about george soros.brothers talk about george soros. >> people putting false ads on the air mary landrieu louisianans saying getting mail canceling health insurance they are all actors. that's simply not true. >> here is a way. some things are untrue. what he said all were untrue. that's his problem. and he doesn't go back to the floor and said i was wrong when i said all. and i really hammer him because is he a lawyer. and he knows, you know, getting the facts right matter. >> getting the facts right does matter. and the fact is that when there are allies of the republicans in the senate spending hundreds of millions of dollars lying about the affordable care act on the air. >> with the truth. >> the truth hurts here because the fact is that 11 million people have signed up for healthcare under obamacare. we have saved the taxpayers $1.2 trillion expected. that's the truth. and for republicans who don't like this law. that does hurt. >> i am -- obviously you and i are talking different stories. you are

the bloomberg exclusive -- george soros.nchor,pean down withacqua sat george soros and he weighed in on everything. it was an exclusive interview. he is watching the crisis in ukraine closely. here's what he said about what it means for europe. call tone is a wake up europe. russia has emerged as a rival of the european union. utin has tried to reconstitute the russian empire as a rival for the european union. he has been very successful politically. he has not been terribly successful financially because the russian economy is not doing well at all. putin has outplayed, out maneuvered the european union because europe is true to form. they demanded too much and offered to little. t was not difficult forputin -- putin. >the ukrainian people screwed u. by sacrificinged commitment toeir be part of europe. this is a challenge to europe. to rediscover its own european identity instead of each country just pursuing its national interests and getting further and further into conflict with the others. there are certain core princip

i sat down with george soros an exclusive interview and i asked him about him seeing a market correction in china. the marker ofeen andth for the last 10 years since 2008. growth as theig a american consumer. that eventually ran out of resources. it is also running out. without a growth model that needs to be changed. ?> is that your biggest concern are you expecting a market correction? >> i think a market correction is occurring right now. --hink the authorities are the chinese authorities are dealing with it. you know, the growth was maintained in the last couple of years by smoke and mirrors. it was over invoicing exports. that there anything u.s. can do or should do to give a heads up to emerging markets? do they need to be more inclusive? >> it would be better if there was coordination. time, the u.s. economy is actually relatively the best functioning. it is a reflection on the global economy. >> still with us is james, the chief investment officer. thank you for staying with us. we talked about china before him. we are seeing a little bit of correction internally. you are cautiou

ps. >> hey, george soros made the money. if george soros wants to spend the money on politics and making america more like the america he would like to see rather than let's say going to vegas and gambling that money away, i'm good with that. let george soros spend how the they want to spend, let the koch brothers spend how they want to spend but harry reid, i don't get this strategy. >> it's i get it with third party groups and on some blogs you made hear the koch brother setup is as boogie man. they putting a lot of money into the process, yes, they are. are they playing by the rules as they are right now, yes, they are. i wonder if moderate, if swing brothers are interested in the koch brothers or they're interested in their own problems in their lives. we see what happens. >> sam stein, i mean, harry reid, what's behind all of this? harry reid calling these two brothers "unamerican." there are a lot of liberals in new york city that would disagree. there a lot of liberals in new york city that appreciate what they've don

quest george soros also. quest there are a lot of big names.t gone particularly well for bill ackman. so far. >> not. today may be a turning point. quest spends a lot of money lobbying in washington. the ftc opening up inquiry into this. what might they find? what is he hoping they find? >> i do not know anything about the company more than i read. phil akerman's you is this is a pyramid scheme and should be put out of business. that its stock should trade 20. he has that it will go that way. he has been pushing for the last 16 months to see if he can make it happen. it has not worked yet. the stock has gone in exactly the opposite direction than what he hoped it would go. he has lost hundreds of millions of dollars. he hedged out some of the rest of his position. who betrman is the guy against an bia for seven years and everybody told me was crazy and he was right and he stuck with it. >> at what point do you as an investor throw in the towel and say, enough? this particular so slightly different because there is probably more ego here at play

one-on-one with george soros. francine interviews the billionaire investor. good morning to our viewers in europe. a very warm welcome to those waking up in the united states. this is the pulse. we are live in london and i am guy johnson. the search for the missing malaysia airlines jet continues. the authorities are holding a news conference that is expected to start in the next few minutes. you are looking at live pictures. we are anticipating the event starting shortly and an update on what happened to the flight that will sort out some of the details and confusion that has come up in the last 24 hours. let us find out what we need to know. caroline hyde is tracking the story. a lot of confusion. >> series are of bounds. theories abound. what is interesting about this is that the aircraft had to go in the opposite direction from where it was going. it was going to beijing. it, it is in the stra an entire reversal of the course without detection from the ground. this is all about the malaysian air force chief who was cited in local press saying that it may

>> george soros has pumped hundreds of millions of dollars into democratic outtakes. have the same kind of personality. george soros does not have democrats out at a big event and parading them through the media. that is more of a las vegas thing, but there are billionaires on both sides. right now, the focus is on republicans and who is sheldon adelson going to give his money to? >> $716 million is how much president obama raised in 2012, and that set a new record. raising money -- learn how to haggle like a pawn star. that is coming up next. and if you can't beat them, join them. taco bell jumps on the breakfast bandwagon. ♪ >> this is "lunch money" on bloomberg television, also streaming on your tablet and smartphone. today, how to be wise in business and smart in the workplace and a shrewd and the negotiating room. first tip as you can find inspiration in unlikely laces like rap lyrics. >> was he saying something, you can't tell me nothing, you can't tell me nothing. hip-hop is the kind of music of entrepreneurship. it is row aspirational, pro-becoming the man as

carl icahn and george soros, don't order this stuff either. these guys -- >> never drank any of this stuff. liz: just a trade for them. carl icahn is a smart guy, so is george soros, that is why they are billionaires'. this is something, the company has always been up front how they do it, they have assembly lines. >> just to play double's at the cut he will say if you look at what they report on a quarterly findings and their official statements to figure out between the distributor almost impossible to figure out between the distributor and real sales. they don't break it down to that level. we should point out herbal life is a new york stock exchange traded company audited by one of the major auditing firms, accounting firms. there are a lot of eyeballs on this. bernie madoff ran a private hedge fund. this is not a stock for the faint of heart. stock is coming and people are digesting this, and they close the company down. more to be written on this. liz: can't wait till they come back and say we have got nothing. >> if they do this it will

new reports linked big democratic donors like george soros to shady behavior.'t harry reid talking about that? out of time perhaps? byron york is the political correspondent for the new york examiner. why the koch brothers? why are they in the cross hairs right now with him? >> there seems to be a democratic plan to target somebody every few years. go back four years to the 2010 elections. democrats were in trouble back then, too. they talked about the chamber of commerce and said it was the foreign funded chamber of commerce. you google it. go back to october of 2010 and they talked about it all the time. so the new villain are the koch brothers and i think you're going to hear that from now all the way through november. >> how about this, if they're looking for a suggestion, what about examining george soros. gave money to journalism school, university of wisconsin, and $300,000 to the school's madison commons project. they also we want after the west coast, where they received $195,000 in donation from george soros open societies foundation and the journalis

liz: carl icahn jumped in, george soros. >> the long side.stuff flying back and forth on that and then carlsbad on that with ebay which is interesting. essentially saying they are self dealing, i can't tell you which ones they are looking at. or if they are going to look at any but i do know that the sec is growing increasingly concerned, one thing they might do, they are looking at one of these broad based examinations and just so you know what these often lead to they find something they don't like, they do enforcement actions but that is where i am in my reporting. if i had more specificity the real way of saying this, why would you report something that is not, quote, totally baked. i tell people what i hear. if you give people the context of what you hear like follow the bouncing ball. liz: all over the activist investor story so when you get names like carl icahn and george soros we should also mention daniel loeb jumped into sony. that was a big one. dow chemical right now is in the cross hairs of activist investors. >> that is one i d

of crazy things particularly radical islam, notice of all their ability and they started to use george sorosdiode techniques through lehman brothers, aig, citibank, gol dman sachs and the market it sounds like a conspiracy theory. the treasury secretary even came and said in his memoirs that if we don't all holdings now actually the russians did through the economic situation with the follow-up game plan. with the cybereconomic effect. not only through 20082009 but the chinese doctor in with the book called restricted warfare to senior kernels in 1999 said the best way to beat america at is the stock market crashed through the infrastructure or currency. saw not only looked at 2,008 but for word to what will happen in. i found the next diver wore we will face not shooting but cybereconomic in nature they don't want to take on the military we have now. that they will crash the american economy. it is not conjecture that is what vladimir putin said recently when he invaded the ukraine and said we will give sanctions he said you don't want to do that because i can crash your stock market and ha

caller: i want to say harry reid is george soros monica lewinski. ros wants to take the dream away from black americans martin luther king's dream and give it to illegals across the border and that's not right. guest: whether it's any issue from immigration to environmental, you can be an environment list you can be the biggest deregulation fan in the whole world. we're not here necessarily to argue who is right and who is wrong. but when it comes to the process, the ability to advocate for your own personal special interests. if you're a billionaire and you've got a whole lot of money that you're willing to spend on politics, on races on campaigns to support candidates that you like, or for that matter attack candidates that you don't like, you have more ability regardless of whether you're a conservative or liberal. and democrat or republican, than perhaps you've ever had in modern u.s. political history. so you can go as an individual and fund these groups to whatever degree you choose. you can either do it in a public way and have the note right

billionaire george soros proposed a plan for the u.s.ussia opening and selling our oil reserves. we have, i don't know, 750 million barrels there. it appears some u.s. lawmakers are listening. sandra: really? is that a good idea? what kind of impact would that have on the energy market? we have david greenberg, the founder of the david greenberg joins us and raymond james energy analyst joins us. is that correct? all right. guys, thanks for joining us. david, i know we got pretty heated with our oil conversation last time you were on. >> always fun. sandra: it was very fun. let's keep this fair and balanced here, tell me, what sense does it make to tap the spr to bring oil prices down? >> it makes absolutely no sense. it is an interesting concept but, first, you know, it would only bring it down for a certain amount of tile. secondly, putin just spent $52 billion on the olympics and went in an invade ad country. the concept of hurting them for $42 billion i don't think he is too worried about or in the long run it will make any differenc

at least it's what george soros and needs to think about about the situation. nevertheless, we are not out of the wood yet. if you look at the forecast for the spanish construction sectors, all these countries are targeting an increase of their revenue this year, but only thanks to international projects. one of them, acs, clearly says that international expansion was the top priority for this year. in spain, the situation for the construction sector remains very weak and the domestic market. there are still some interesting signals for the first time in five years. the spanish spending in public works will increase this year. so that's something positive for the construction sector, but probably not enough to boost earnings for this companies this year. still, under construction, troops are still very reliant. they rely very much on the spanish markets. it's 58% of the revenue for s.e.c. and 47% for scioscia. that being said, apart from that story in the property sector, this point of this conference here is to promote the recovery. as you know, julia, at the

. >> and you also have democrats don't complain about george soros or tom steyer who will raise $150and spend $50 million of his open money. >> or the big unions who are always in the top ten list of c cop tribute tors. i think this is about the 2010 supreme court decision citizens united which said that corporations and private groups like this, and unions, could financially participate in elections. the democrats are absolutely crazy over this. they hate it because it basically leveled the playing field. it allowed a lot of conservative groups to join. like the tea party groups. that's what the irs investigations are all about. what harry reid is doing and what the irs thing was about is intimidatin intimidating. kochs won't be intimidated, but other donors might be if they think they will be singled out on the floor of the senate or criticized in this way, drive them off the playing field and allows the democrats at least a marginal advantage in some of these tight elections that kim was describing. >> kim, do you think this will work politically? >> you know, i don't. here is the

there are people like george soros who has done really innovative work.get to meet the scientists working on this stuff. maybe the most amazing are the people out in the field who spend big parts of their life in africa taking these tools that we held back and making sure they get out there. >> also, you have to separate peoples' political interest from their willingness to help. there are some -- soros is clearly a liberal, i think is a fair way to say it. the koch brothers are clearly conservative but they give enormous amounts of money to hospitals and tried to improve lives -- >> and you say give them credit for that. >> yes. you don't have to agree with everything everybody does. i don't know if i agree with either side, but i think they all deserve credit. there are also a lot of people who aren't billionaires, who aren't even millionaires who write small checks but give their time. they work and lobby their elected officials to take government money and try to improve the health of everybody. they deserve an enormous amount of credit as well. >> ma

george serous -- george soros was saying a lot of the banking stocks in europe, it seems like a gambleithout asset quality reviews. >> as it goes through, we will get more insight into those balance sheets. now it is finally happening. that is helpful and that is an area where there is value. they will be revalued upwards as we get more clarity. and we get those balance sheets re-strengthen. re-strengthened. the area where there has not been value is consumer, exporter areas. i was thinking more of exporters of consumer goods. there was not much value, but you are beginning to see it come in again. that is interesting. retail everywhere is being affected by structural issues of going online. unless the retailer has a good online offer, they are not going to get anywhere. there is value, i think, within europe. we are seeing more of it after the last couple of weeks. many areas of the u.s. and china. >> you mentioned they are online. it brings us to check -- to tech and one of the stocks you are picking up is microsoft. >> a lot of tech is quite hot at the moment. is prettyobile excessi

george soros.t the democrats have some money men who just go around spending money where they want? >> yeah that. >> do. >> so how is it wrong for these guy as? >> that's why so many democrats and some republicans like john mccain think we immediate campaign finance reform. because nobody should be able to slip into a state under the cover of darkness, spend several hundred million, not in just one state, but several, and pick the united states senate that is going to work for their business. that's not the way democracy is supposed to work. and frankly, i'm surprised that the stations are so anxious to take this money. they used to have standards and they used to make people prove things. one of the things that is true about these koch 46 funded ads is many of them have turned out to be drownright false. they continue to run them. so they have a first amendment right to do this. but they're not above the law with respect to slander and other things. >> let's take a look at this. i want to get to t

. ♪ >> tomorrow an exclusive interview with billionaire investor george soros.e speaks to bloomberg tv from london on the tragedy of the european union. lachman --, bill ackamn began a webcast herbalife and china. toso far, he has not gone the china situation. he will be presenting documents he says proves the government -- the company is violating the law in china. herbalife has lashed back out .gainst his allegations he has been saying the company is a pyramid scheme and the new york times did an extensive article yesterday that went through the links to which mr. ackman, in terms of trying to influence washington and groups around the nation to try to shore up his case. herbalife has spent a lobbying effort. on the call, he has talked about his support of these various efforts was on the up and up. he was mostly responding to the new york times article and had not turned to the situation in china. >> what is the genesis of all of this? >> it is one of the big growth areas for herbalife. the company has been expanding around the world, has made a lot of inroad

a programming note for tomorrow, george soros will be speaking to bloomberg.ve highlights all day. ♪ >> this is "taking stock" on bloomberg. my next guest is a musician who has worked with kanye west and dmx. how non-rubenstein joins me from new york. you have been all over the world. >> what really doing in japan? i was playing with another musician. start off being a musician, did you? >> i was born in israel. what i do now seems quite far-fetched. >> what was your original path in life? you were going to be an engineer. >> the rest of my family is all computer engineers and program -- remembers. -- programmers. >> you are the outlier. >> i am the black sheep. >> tell us about some of the artists you play with. >> it was not glamorous at first. i was cleaning bathrooms at the beginning. slowly but surely, one thing led to another and now i am here. >> did you get the feeling that guitar was for you? i find that i have to wear a lot of hats. i do a lot of engineering and production. i play quite a few instruments. ultimately these things will lead to the next

fullu can watch the interview with george soros at bloomberg.com/tv or go to our award-winning app.co rubio for president? 6 run.oughts on a 201 we'll talk about the daredevil taking his wing sue to the skies . specifically, mount everest. ♪ >> its 26 minutes after the hour. bloomberg tv is on the markets. i'm olivia sterns. are fluctuating between gains and losses. the s&p and dow are in the red but the nasdaq is trading higher. all the benchmarks of concession lows. shares of fannie mae and freddie mac both plunging after leaders of the senate banking committee announced bipartisan plans to dismantle the companies. the measure would replace them with government bond insurers. the safety net would kick in once primal capital lost at least 10%. the senator said they would introduce the bill in the coming days. againl be on the markets in 30 minutes. ♪ >> this is "lunch money." i'm adam johnson. ,oday's moving pictures now video is the story. two people were killed in explosion in east harlem. a building collapsed and a far of a lime fires ready to an adjoining building. more than 15

george soros will be sitting down on "on the move." >> we will talk with tony fernandez. we are expecting to get earnings any moment from prudential, the u.k.'s biggest insurer by market value. nothing coming through at the moment but the numbers are coming. this is an asian-focused business. half of its revenues come from asian markets. they got a boost from the south east asia part of their business so it will be interesting to see if any more comes through. as far as stock performing, year to date they are up 1.6%. in line with the overall european insurance market. not moving all that much. the impact of changing into a macro environment, all of that will be covered. we'll will wait for numbers when they materialize. >> later we will be talking to prudential's ceo. that is during "the pulse" a little later. >> the ukrainian prime minister meets with u.s. president obama in washington today. one of the topics will be financial assistance for ukraine. ryan chilcote has the details. >> the financial system is on the table. $1 billion worth of loan guarantees. they have a

this opinion was expressed with a fifteen year old investor billionaire george soros. in an interview with bloomberg. despite the fact that it is considered that the financial crisis that is haunting europe since two thousand and ten fast fast. the more pressing political crisis is looming. which is divided the countries of the contest to creditors and debtors this scene times thanks to a particularly capital in order to test test test. consider this to the field to businesses and thereby support to the group to be cotton. the bloomberg publication realize that sort of has already expressed criticism regarding the monetary union and its policies towards the few countries that did the same thing. japanese households seeking for the month the growing every fallen below you can expect the face of the continents. as noted by the analytical port to look before it's your love for the center. this is the key to a decreased to thirty one students every village and areas of the fourteen point four earlier economists forecast the index to fall to lead to fourteen. something fixe

george soros says, forget the euro crisis. the euro has bigger problems.s, marco rubio with a new course after regrets on immigration reform. and property, how to build a $20 billion neighborhood. in innovation, meet the man who wants to take a bat wing suit for a ride off mount everest. that is crazy. we will kickoff with a special

>> if you ask a republican, they say that the original was a george soros and was pumped hundreds ofrs into democratic politics. you don't have the same kind of personality. george soros does not have democrats out at a big event and grade -- and parade them through the media there. that is more of a sheldon nilson las vegas think and write now the focus is on republicans and who is sheldon adelson going to give his money to. >> very successful. that is where i wanted to go. spent $93 million and the governor of massachusetts did not take the trophy. what is mr. adelson doing different this time? motivated by was loyalty. he is a good friend of newt gingrich, and so he and his wife gave gingrich through a super back about $15 million, which probably did more to help president obama than anybody in the republican party, because it was newt, if you remember, who launched those devastating as a vulturemney capitalists that obama picked up and used to win. adelsone gop primary, shifted to romney but by that point the damage was done, it was too late. this time around, his aides say he is

elements of the pla, elements in russia noticed our vulnerability economically and they started using george soros style techniques to target lehman brothers, aig, citibank, goldman sacks, and they actually started using manipulative techniques in the market with the ins -- intent of crashing our stock market. sounds like a conspiracy theory but it's not. hank paulson, former treasury secretary even came out and said in his memoirs, the russians approached the chinese and said if we don't all of our holdings of american dead now we can krater the american economy. and in fact the russians did. the chinese did not, but the russians did and worsen our economic situation substantially >> you have a follow-up. game plan, how to protect yourself from the coming cyber economic attack. >> a part of my research i not only did what happened in 2008-9 but i got into the chinese doctor which is written in the book called unrestricted warfare published by the people's liberation army of china said. two senior colonels and the pla wrote this. in 1999 they said the best way to beat america is a single man may s

like warren buffett, bill gates, george soros, michael bloomberg, mark zuckerberg. written.he kennedys. political magnates and our magnates aren't unlike russian magnates in important ways. they are wealthy, highly educated, powerfully economically and politically, they are oliga rsholigarchs. soros pushing his one-wing. even warren buffett, pushing higher taxes on the rest of us and now, as billionaire bridge buddy is joining in, the richest man in the world the biggest oligarch of them all, bill gates is now pushing what he says is the best tax system for all the rest of us. and oligarchs always know what is best for everyone? don't they? listen to gates at the american enterprise institute. >> the idea that consumption should be progressively taxed i think that makes a lot of sense, people have tried to do that by doing particular taxes on luxury goods and things like that, that's very -- not very effective, that's sort of picking favorite-type things. consumption should be progressively taxed. >> wonderful. wonderful. oligarchs can be surprising. they're seldom big on di

the billionaires' now include bill gates, george soros, bloomberg, marks zuckerberg the scope brothers fabulously wealthy deal conservative gave mean tycoon. according to "forbes" magazine the ninth richest person in the entire world with said net worth of $37 billion and he has decided to hold his own primary. it is called the republican jewish coalition spring leadership meeting in began today in las vegas. it is a four day long beauty contest for g.o.p. bowlfuls the ability the speaker is former governor jeb bush that could suggest an early advantage. we just spoke to one of the hopefuls ambassador john bolton is there. we is also not the only potential candidates seeking favor. the ambassador is competing not only with the initial favored jeb bush but also chris christie, scott walker , john keyes said all of whom were told will get faced five over the next few days. but i don't want to hype what may not be a close call. it may not be a competition at all. also sitting on the republican jewish coalition board has known adelson four years also press secretary for president george w.

george soros is great investor. he has three lousy years in a row. steve cohen. the question all the guys go up and down. the question is this secular change? is this fundamental? is he losing his mind or chasing good people out? or is just normal blip in the road ever good investor faces. i can't tell you that. deirdre: somebody that gets to become an industry and loses focus. he lost mohammed el-erian. >> we don't nomo homed el-erian's cakier. how about his performance? he sucked wind too. >> bill gross is all about performance f someone doesn't perform they're out. deirdre: he is not performing himself, right? he is not performing himself and still paid himself $200 million. >> that is the scary part. >> he made a call conservative and smart based on someone investing since the 1970s. there are really smart, best investors have been really caught off-guard because -- >> he has, what happens is you think you can outsmart the market. i think that is what he is trying to do. >> that is investing. >> bottom line i would put my money with bill gross. >> as an inves

happened in georgia and this is been a color revolutions that started pretty much alongside of george soros and all of the other folks that have been involved along the way it's something that's become sort of status quo with american manipulation of foreign governments but it's not something that comes as a surprise to me. right but so so you mentioned georgia and they were originally ssion in kiev ten years ago approximately and back then that seriously there was a lot of talk about america and george soros in particular funding them and he didn't deny actually doing that but what about now would you say to exactly the same thing is taking place because many people now argue that it's not the case this time. oh it's absolutely the same thing us aid is implicated here all. implicated you've got the national endowment for democracy has over fifty and geos operating there now and you know you also have the ties into the machine and you know the the tories bosses of bosses mogul levitch who has been a sidekick for the american government you know since the preceding the the wars against russi

george soros pushed this thing primarily because of the inner city.and it's true young african-american males are getting targeted by police departments in the inner city in terms of arrests to show cops how to do drug busts, basically. that's -- legalization is not the answer to that issue. >> all right. so that's why you think that the -- do you concur, mr. kennedy? do you think it was a racial, social issue that drove the left to want it? >> yes. i think it's driven by the racial. keep in mind, african-americans, minorities, are discriminated against throughout the justice system. so just by legalizing this, you are not going to get rid of the discrimination in the application of laws in this country. we should address that and make it a separate issue. not conflate addressing incarceration with the decriminalization and legalization. >> okay. but i will point out to both of you and you both made very good points tonight but i have to run that the neighborhoods that have been most impacted by drug addiction in this country have been black neighborh