and this is what is again emerging from jackson hole so they've conceded defeat to gold and silver has the article then goes on to say a reliable backstop is impossible when the international system relies on the national currency the u.s. dollar as its reserve assets only the fed makes dollars in a crisis there are never enough of them a shortage that will only get worse as the world economy grows relative to the us even if the problem for emerging markets right now is too many of them i mean last i checked the indian rupee a was trading at near all time highs i should say the dollar gold is trading at all time highs going to interface with the interface crashing gold is asserting itself as the real true world reserve currency the only real currency that's going to be left after all these emerging currencies crash and after the dollar becomes the currency that nobody wants anymore so you're going to have once again it had been saying for years they're going to end up with gold that'll be the default currency and that's what's going to happen it's going to wash away the fee out scum th

and this is what is again emerging from jackson hole so they've conceded defeat to gold and silver as the article then goes on to say a reliable backstop is impossible when the international system relies on a national currency the u.s. dollar as its reserve asset only the fed makes dollars in a crisis there are never enough of them a shortage that will only get worse as the world economy grows relative to the us even if the problem for emerging markets right now is too many of them i mean last i checked the indian rupee was trading at near all time highs i should say the dollar gold is trading at all time highs going to interface with the interface crashing gold is asserting itself as the real true world reserve currency the only real currency that's going to be left after all these emerging currencies crash and after the dollar becomes the currency that nobody wants any more so you're going to have once again and you've been saying for years they're going to end up with gold that'll be the default currency and that's what's going to happen it's going to wash away the scum that is cl

jackson wyoming is one of those places, so if you like to snow at jackson hole, you're already starting to get that. because of the wet weather and the wind, we have the winter severstorm warnings and advisorn effect. there will slowly go out into the plains and shift. but in the meantime, 10-20° below average as the system comes n as the system comes in across the country, not as dramatic a temperature drop. and ahead of this, we have had a really warm flow. so anywhere from the 80s in northern parts of the midwest to the 90s in portions of texas. so it's very impressive. you can already see where the next system is starting to push in, and because of that, the fog will be less or not at all in your area. speaking of the moisture, most of the moisture in the southeast has definitely diminished. >> thank you. the u.s. navy has taken specially trained dolphins to croatia to search for underwater mines. it's called dolphin 13. they are being used to look for mines left over from the croatian war of independence that ended in 1995. >> these dolphins are trained to identify certain objects,

but james bullard told cnbc at jackson hole that he didn't think there was a rush to taper and that policymakers could take their time. that's consistent with the message that he told us a couple of months ago that he wanted to see that inflation was start to go be entrenched in the economy. in terms of one member sure to be voting for tapering that's kansas city president esther george. she calls the asset purchases to be reduced to around $70 billion. that would be consistent with the tapering being taken off the table. eric rosengren is in favor of tapering but only in small amounts. janet yellen has been keeping a very low profile since becoming one of the front runners for taking over for ben bernanke. ross, there's plenty out there with the expectations around the fed. but that is the latest from the individual whisper numbers from key members. >> thanks for that. we'll have full coverage on cnbc followed by the rate decision at 20 cet followed by the ben bernanke press conference at 20:30 cet. peter, good morning. good to see you. there hasn't been very much fed speak around. hasn't been

yes, at the higher elevations but you know places like jackson hole you have to start thinking oh theybe maybe thinking about running the lifts here soon. off the atlantic we've got an area of low pressure. this may start to really wind up into something a little bit tropical. or hybrid storm that could be affecting parts of the northeast. although the canadian maritimes more likely going to see this. with this storm offshore and high pressure to the west we're going to continue with the northeasterly winds over the next few days. so occasionally we'll get the low cloud banks to come in off the ocean like we have this morning and they'll blow through. some sunshine then. a comfortable dry breeze for us, the only headache as a meteorologist is do we have the morning clouds and fog? or do we just stay with the sunshine? very much like being on the west coast. when it gets that marine lay tore move in. a front -- layer to move in. a front here monday but i don't think rain chances are very high. again another seven to ten days. 75 this afternoon. another great afternoon with a cloudy star

at that appropriate time, you can say, how about jackson hole?have a big program to do that, as well. >> give us a little temperature of the economy. do you see people traveling more? i mean, i've always felt that your site offers a bargain. so i wonder how much the value, the number of people who were coming is spiking because it's perceived as a bargain. >> so it's a tremendous value relative to a hotel for a family or a large group. so what we have seen and every year we study this, is a big shift from hotels into vacation rentals and b & bs and properties like that. that's been pretty tremendous to watch. so we've seen growth well beyond our growth in properties, actually, every year since we have been in business. 20s, 30% per year. >> i have been following your company from before it came public. i was always surprised. business is rampant. that's terrific. that's brian sharpless, the co-founder and chairman of home away. i think this stock before they change that, the business model is a great opportunity. stay with cramer. >>> coming up,

>> caller: big boo-yah from jackson hole. >> say hello to those fed people out there. what's up?lfriend, i think, loves you more than me. >> you know what, i have to say it's -- i'm not familiar with her work. >> caller: one to three years, already holding. >> that's a buy. the stock, this is -- >> buy, buy, buy -- >> we're going to stick with that stock. let's go to austin in california, which is really in texas but we're going to go to austin in california. austin? >> caller: hey, jim, boo-yah from san diego. >> san diego. so beautiful. say hello to ed greenberg there. he's wearing that fancy kind of cool black look now. go ahead. >> caller: what do you think about vale, i picked it up at about 14 and a quarter. do you think it'll keep going up? >> you have horse sense, stephanie link, we both think it's great. we did some buying of vale this morning. hey, let's go to jude in new jersey. hey, jude. >> caller: hi, jim, how are you? >> real good, what's up? >> caller: quick question, with the acquisition that louisiana pacific made this week, is that a good investment? >> yes, it

. >> i sold you september when i got back from jackson hole. >> but you said no september before that my mind. >> but then there was that other time you said there is no qe-2. >> you're going back to that. >> i am. but then i finally found out, you changed your mind. who said it? >> i know. so now i understand. >> wait, wait, what is the latest? i missed something. >> they are going to taper. >> they will taper. >> he's back. i'm back in that camp with you. i change my mind every time you change your mind. >> i'm sorey. but i thought -- >> you change i didn't remember mind when the facts change. >> where did he say that? >> he used to make a presentation every year about a stock to a group of people at oxford. that's what he did once a year. one year came in. he was bullish of the stock the previous year. he came back and then was quite bearish. someone said lord canes, last year you had us buying it and now you change. >> he said, sir, things change, i change, what do do you, sir? >> is the optimism overstated here? are people overoptimistic? >> people's attitudes have a higher ampli

crowd of 150 jackson hole tea party members tuesday night in her first public appearance in the countyction against syria. the tea party, 1. dan senor, nothing. what a shock. >> i have great respect for liz. i disagree with her on this. the big question, joe, will any kind of operation against assad weaken him? i believe yes. that's my message to liz. >> liz i'm sure -- >> you can't reconcile this with everything her father -- >> we're going to continue this later. let's go right now to president obama. he is in sweden. >> it's only been a short time but i want to thank all the people here for the warm hospitality that's been extended to me and my delegation. it is spectacularly beautiful. the prime minister tells me that the weather is like this year round. and so like so many who have come here, i feel stockholm in my heart and i'll want to bring back my family to visit some time in the future. i've said before it's no accident that democracies are america's closest partners. that includes sweden. that's why i'm here today. as free peoples, we recognize democracy is the most effectiv

i talked to them in jackson hole and changed my mind originally. i talked to williams and lockhart. >> i said in the past if the public was getting it so wrong, the fed would get something like a liesman to change my mind again. >> i appreciate the trust you put in in me and i'm deeply sorry this turned out this way. i don't know what they gain, though. >> but they lost so much trust. >> and they lost the ground that they had built up where maybe they wanted the ten-year to drop back down. but they already laid the groundwork that -- what, does that mean never now? i like the hamster on the wheel. >> well, i told you, steve, that -- >> i just ate a doughnut. >> like my grandmother. >> there it is. >> okay. it definitely is sugar. you know, i was thinking about something else, steve. but it's frustrating. oh, is that a good comment? no one ever went broke over overestimating the dovishness of ben bernanke. >> i love that comment. let's say he does fought do additional. what does he gain? he has the market primed to do it now. so he gets a month and

for instance, a speech in 2005 in jackson hole where there were economists raising red flags about the shadow banking system. here you have donald at the federal reserve saying essentially don't be worried. the repeal of glass stiegel makes our system more able to react to problems. he was wrong. >> i think he is in a pretty large category of people is said that. a lot of people at the fed did not see that as a big issue. i think if you look at basic monetary policy they are pretty much the same. so if they are pretty much the same, if the president were to reject her people ask the question, why did you do this. i think this gets into a gender issues which is the last thing that this beleaguered president needs right now. making a decision based on gender alone would be the wrong decision. we have talked about potential dark horses. is there anyone else's name should be discussed? >> probably tim geithner. he was that the fed, the president of the new york city fed. he knows the system. the players. he does not want the job. he would like to go out and make some money. this is not wha

i interviewed three fed presidents in jackson hole, and of the three, bullard was the most pessimisticerview with maria later on "closing bell" and on sunday with "on the money." >> all right, steve, thank you. >>> lots of action on capitol hill. house republicans passing the bill to defund obamacare. but that bill has essentially no chance of passing in the senate, which leaves us right back where we started. is a government shutdown inevitable? we'll talk to senator bob casey in just a moment. thank you orville and wilbur... ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 thousand of us investing billions... in everything from the best experiences below... to the finest comforts above. we're not simply saluting history... we're making it. ♪ [ male announcer ] 1.21 gigawatts. today, that's easy. ge is revolutionizing power. supercharging turbines with advanced hardware and innovative software. using data predictively to help power entire citi

he didn't speak at jackson hole which would have been his best opportunity to straighten out the markets think about it, she could be up for senate nomination. the last thing you want to do is be out there saying anything interesting when you've got the senate about to grill you. so she's been less visible, as well. so you've got the two leaders of the fed, both really not very visible right now. the markets took that as a sign of agreement with september. i think it was just a sign that neither of them had any talks in their calendar and didn't want to talk. >> ethan, when did qe start? i mean, it was like this -- >> last september. >> it was like this new thing, we came up with this, bernanke came up with this. haven't there been times in the history of the united states where we were growing subpar, growing under 2%, employment wasn't going gang busters, we weren't at full employment. and back then we'd do things, we'd address whatever structural problems there were and we'd get back on our feet. wasn't this supposed to prime the pump? you almost sound like you bought into this whole

the consensus in the marketplace based partly on paper that was delivered at the jackson hole conference which said that the purchases of mortgage-backed securities had been more effective in providing economic stimulus than treasuries. has led to the view that they're likely to act on the treasury side by slowing purchases of treasuries rather than, or more than they change purchases of mortgage-backed securities. so that's the likely scenario. our economic forecast has embedded in it the expectation that they will start slowing the purchases of treasury securities in the 10-$15 billion a month rate. it will eventually also slow the purchase of mortgage-backed securities and they will stop with net additions to the portfolio by middle 2014. that's what's embedded in a forecast if you go out and take a look at it. to be straightforward, some people say if you want to know what an economist forecasts, real forecast is, ask them what they're doing with their own money. i think last year i told you i bought a house in florida, right? so this year i've been boosting the floridian economy by

>> i got this video of michael jackson doing a photo shoot. a sheet of paper has the holes in the wall.

>> i got this video of michael jackson doing a photo shoot. a sheet of paper has the holes in the wall. he starts to crawl through the hole. he can't get his leg through. he eats it so hard. >> what was it for? >> it was for "ebony" magazine, ow did he qualify? >> brian holloway called out kids on line for tsh

>> i got this video of michael jackson doing a photo shoot. a sheet of paper has the holese wall. he starts to crawl through the hole. he can't get his leg through. he eats it so hard. >> what was it for? >> it was for ebony magazine, how did equalify? > holloway online for kids trashing kids on the house. >> he is concerned that there is crack use among the kids. >> we're not going to argue against high school crack. >> bruce jenner, got another face surgery. he had some cancerous tissues on his nose. >> its kris jenner's fault. she is supporting him financially. when is making him be lazy and now he has cancer. >> kris jenner causes cancer. >> is that cancer with a k? >> that's funny. >> it's time to play that and go.guessing game, >> hey, beaiful, how are you? >> let's see, she is beautiful, but there is a guy in the leather jacket grabbing her arm. >> so they're going take you. >> quick, call the police! you better let her go. >> we have adriana lima on bedford. >> thank you god. >> how did she get back from europe too fast? >> airplane. >> it's amazing. >> dude, litera

>> i got this video of michael jackson doing a photo shoot. a sheet of paper has the holesll. he starts to crawl through the hole. he can't get his leg through. he eats it so hard. >> what was it for? >> it was for "ebony" magazine, ow did he qualify? >> brian holloway called out kids on line for trashing his house when he wasn't there. >> he is concerned that there is crack use among the kids. they're kids that his go to school with. >> we're not going to argue against high school crack use. >> bruce jenner, got another face surgery. he had some cancerous tissues on his nose. >> it's kris jenner's fault. she is supporting him financially. she is making him be lazy and going golfing and now he has cancer. >> kris jenner causes cancer. >> is that cancer with a k? >> that's funny. > it's time to play that classic guessing game, and go! >> hey, beautiful, how are you? >> let's see, she is beautiful, but there is a guy in the leather jacket grabbing her arm. >> so they're going take you. >> quick, call the police! you better let her go. >> we have adriana lima on bedford. >> th

know, the school is a k through 8 school located at 27 57 jackson street and continues to operate at [speaker not understood]. we just have a big hole in the middle. we're a a nonprofit organization. our mission is to provide a rich, challenging, rick russ educational experience that addressesedth distinctive energy level of boys. throughout the course of the -- of 2013 and 14, town school is undergoing a series of improvements at our jackson street campus. we started construction in june. due to the nature and extent of the construction, we can't accommodate all the grades at the jackson street campus. the town school for poise our goal is to relocate k through 4 is what it looks like it's going to be now which is approximately 200 students, 200 and change students and supporting staff members to the palace of fine arts. and occasionally and for special events, k through 8 may be in the space. fortunately when we made the application, we thought we might have to have k through 8 there. fortunately we were able to keep that going in the jackson street campus and that seems [speaker not understood]. no changes will be made to the exi

>> i got this video of michael jackson doing a photo shoot. a sheet of paper has the holes

. >> plus -- >> michael jackson from 2007 during a photo shoot, he eats it so hard in this video. he is like hiding in a holethe wall. he goes back in time, michael. go back in time. >> he gets blacker? [laughter] >> "tmz" brought to you by netflix. >> coming up -- >> bruce jenner had some cancerous tissues on his nose. >> it's kris jenner's fault. she is supporting him financially which is making him azy and goi successfulresents mega boy band mega mansions starring backstreet boy brian littrell and his maid's quarters? >> i learned something yesterday. brian littrell from the backstreet boys does not live larger than life. >> oh, larger than life. >> it's not funny because it's the name of a song. >> i figured they are all really ich. >> it's actually a fair way of putting it. it's not really a -- >> exactly. back to the luxurious house that he sold for $1.14 million. >> it's only 18 square feet. >> is there a pool? >> you think they have room for a pool? >> no, the $1.1 million house is a piece of crap. >> that's not the point. it's the point it's a back street boy, the most successful

>> i got this video of michael jackson doing a photo shoot. a sheet of paper has the holeshole. he can't get his leg through. he eats it so hard. >> what was it for? >> it was for ebony magazine, how did equalify? > holloway online for kids trashing kids on the house. >> he is concerned that there is crack use among the kids. >> we're not going to argue against high school crack. >> bruce jenner, got another face surgery. he had some cancerous tissues on his nose. >> its kris jenner's fault. she is supporting him financially. when is making him be lazy and now he has cancer. >> kris jenner causes cancer. >> is that cancer with a k? >> that's funny. >> it's time to play that and go.guessing game, >> hey, beautiful, how are you? >> let's see, she is beautiful, but there is a guy in the leather jacket grabbing her arm. >> so they're going take you. >> quick, call the police! you better let her go. >> we have adriana lima on bedford. >> thank you god. >> how did she get back from europe too fast? >> airplane. >> it's amazing. >> dude, literally photos just came of her taking ph

>> i got this video of michael jackson doing a photo shoot. a sheet of paper has the holes in the wall. he starts to crawl through the hole. he can't get his leg through. he eats it so hard. >> what was it for? >> it was for "ebony" magazine, ow did he qualify? >> brian holloway called out kids on line for trashing his house when he wasn't there. >> he is concerned that there is crack use among the kids. they're kids that his go to school with. >> we're not going to argue against high school crack use. >> bruce jenner, got another face surgery. he had some cancerous tissues on his nose. >> it's kris jenner's fault. she is supporting him financially. she is making him be lazy and going golfing and now he has cancer. >> kris jenner causes cancer. >> is that cancer with a k? >> that's funny. > it's time to play that classic guessing game, and go! >> hey, beautiful, how are you? >> let's see, she is beautiful, but there is a guy in the leather jacket grabbing her arm. >> so they're going take you. >> quick, call the police! you better let her go. >> we have adriana lima on bedf