jamie diamond let me explain something anyone holding a u.s. treasury bond is doing so because they want to be a martyr they want their net worth to be eviscerated by jamie diamond the terrorist and as i've said many times before now you've got not only bill gross over a pimp go through shorting u.s. treasury bonds he's just not selling what he's got he's selling them short which means he's making a huge negative bet against him i just saw that jim rogers another you know big time world famous money manager extraordinary saying you know i'm going to start selling u.s. treasury bonds when the cold globe gangs up and starts to sell short of u.s. government treasury bonds forcing interest rates up five six percent points in a matter of you know a couple of weeks then of course you know it'll be time to. put so as that happens you see the precious metals and commodity prices shooting up but it's also the dollar collapsing you saw on the dollar index it's down below seventy four so instead of looking at that however people come up with this conspira

jamie diamond spoke to the chamber of congress and said you are crazy if you press that button. we'll -- we'll have catastrophic and unpredictable results for the financial markets and interest rates and all that if you even raise a question about u.s. default. you combine that with the tremors going through elderly voters with a debate about medicare, it's a very volatile moment. gwen: for democrats, the volatility seems to be the unhappiness on the left and the volatility on the republicans seem to be the unhappiness on the right. do the two ever meet? >> it's interesting, the tea party has been klaining -- complaining about the house republican leadership, just when obama says it's a budget armageddon going on among republicans. the tea participant held a protest vote before they voted and truth to tell, not many showed up. gwen: the stakes couldn't be higher, especially for president obama and the democrats positioning themselves for re-election. this week the president tried to shift the momentum and paul ryan game the punching bag. was that the plan all along? >> i think s

or jamie diamond or lloyd blankfein or any of the other crooks on wall street the fact that he's in omaha doesn't make him any less of all street crooks and charlie monger. needs to to excuse himself from the public forum and just disappear for a while because he's told all embarrassment i don't care how old the guy is they put on your depends and get out of dodge because your back your stinking up the joint charlie munger get out of here david sokol thinks that he would be able to get away with the same crimes that a guy like charlie monger can but i think remember there longly apply selectively to certain people some guys are just totally exempt from them and you see this in this following headline max how a big u.s. bank laundered billions from mexico's murderous drug gangs so this is the guardian news and they've done a deep investigation into the story that we've covered before which is why hovey a bank and they were found to have laundered three hundred seventy eight billion dollars or thirty percent of mexico's g.d.p. in this time of drug money the cocaine of cocaine yes three hund

and major business leaders, jamie diamond says he can't imagine either party would even think of doing that. >> the president is going to have to reach out early if he wants to get an early solution. he cannot just do nothing. >> schieffer: all right. gentlemen, i think we're going to be talking about this a lot more. thank you. >> he's just not doing what jeff wants. >> schieffer: we'll be back. growing up, tom watson couldn't hit a curveball. nick faldo rarely found the back of the net. and arnold palmer just wasn't fast enough for track. isn't it funny how sometimes success begins just by putting the right tools in the right hands? let's build a smarter planet. and here's what we did today in homes all across america: we created the electricity that powered the alarm clocks and brewed the coffee. we heated the bathwater and gave kelly a cleaner ride to school. cooked the cube steaks and steamed the veggies. entertained dad, and mom, and a neighbor or two. kept watch on the house when they slept. and tomorrow we could do even more. we're cleaner, domestic, abundant and ready now. we'

in america in the world bankrupt the next day and all these guys have to find real jobs i mean jamie diamond would be in times square in the men's room turning tricks i would imagine and finally bring it back to the beginning we're talking about portugal having to receive a massive bailout numbers are up to one hundred twenty nine billion dollars this brings me to the united states i am after urges u.s. budget include fannie freddie cost so the united states should include in its budget the cost of mortgage loan guarantees and other housing supports the i.m.f. said on wednesday in a rare criticism of its biggest shareholder what do you think this is about max i meant was going after the u.s. they destroyed all these other countries around the world to destroy their credit ratings or destroy greece they've destroyed our land they've destroyed all manner of country. north south east and west and now there's only one place to go left that's the america and they're going to screw up america and as a result america will lose its sovereignty the us dollar be rolled up into a global currency and pe

want to report what i calculated with one spreadsheet calculation this week was that chase bank's jamie diamond makes $19 million a year. the average american makes $49,000. he makes 424 times what the average person in this country makes and companies don't want to report what their average -- what their median employee makes compared to their c.e.o. it's a piece of information that tax parse, investors, and consumers should have. ? >> because? >> because it makes a difference in the way that a company is looked at. if you don't know how much you're paying this guy or this woman, you don't have any real idea of how it compares with other companies. it's a very simplele way to say here's a company that's doing well that's only paying its executive 50 times what it is paying its median employee. here's another company that's not doing so well. why are they paying their chief executive 600 times? it's a very important and easy way for investors to make choices about where to put their money. >> is the disclosure to the investing public at large? >> it will be reported for public companies. but an

want to report what i calculated with one spreadsheet calculation this weewas that chase bank's jamie diamond makes $19 million a year. the average american makes $49,000. he makes 424 times what the average person in this country makes and companies don't want to report what their average -- what their median employee makes compared to their c.e.o. it's a piece of information that tax parse, investors, and consumers should have. ? >> because? >> because it makes a difference in the way that a company is looked at. if you don't know how much you're paying this guy or this woman, you don't have any real idea of how it compares with other companies. it's a very simplele way to say here's a company that's doing well that's only paying its executive 50 times what it is paying its median employee. here's another company that's not doing so well. why are they paying their chief executive 600 times? it's a very important and easy way for investors to make choices about where to put their money. >> is the disclosure to the investing public at large? >> it will be reported for public companies. but an

jamie diamond said if anyone wants to push that button, failed to raise the debt ceiling, which i think would be catastrophic and unpredictable, i think they are crazy. the point is that the president, through his actions spoke in the first two years in office when he demonstrated through the way he created the health care recovery -- the affordable care act and with its deficit reduction bill to into it, through his agreement on friday to enact the deepest discretionary spending cuts in history, has shown that he is committed to deficit reduction. we do not need to play chicken with our economy by linking the raising of the debt ceiling to anything. we should do that right away. >> he cast that vote five years ago and issued his strongly stated views. order this year we did hear that it was a mistake. when did he come to the realization that it was a mistake? >> we ask him, and he made clear that he now believes it was a mistake. he understands that when you are in the senate, you want to make clear reimposition if you don't agree with policies of the administration, but there are many