about a month's time nick people can go to grant's pub dot com if they're interested thanks so much jim grant founder and editor loren grant's interest rate observer always a pleasure thank you lord. all right let's wrap up with loose change dimitri lauren let's talk about the i phone. here lo and behold you're one of those suckers that bought one this weekend none the less i phone sales missed axed estimates apple's blaming it on supply and demand but i would have imagined they would have that you know. people were expecting another the last i want to talk about the i phone five indicator because remember j.p. morgan had estimated that the i phone five could add up to a point five percent of g.d.p. or what jim grant would maybe call invisible statistically can't really even factor that in but nonetheless also fed ex had said they were cutting global growth forecasts because they were concerned but then look at their distribution center because these are reportedly according to reddit this is the distro center there are these are all boxes of i phone five so i want to know how you think the i

break but in that time and in just the last few months we've interviewed so many amazing guests from jim grant to mark father to jim rickards even joining me as a co-host and we've covered so many topics that are relevant on any given day whether it's the fed or the eurozone crisis so we put together some of our very best and most popular episodes from the last few months for your viewing pleasure and the time while we're off and you can look forward to own new shows starting september fourth so mark your calendar and don't forget interviews can all be found in their entirety on our you tube channel you tube dot com slash capital account but for now let's get to today's capital account. all right so according to italian prime minister mario monti we have now a week to save the euro zone that came out in the headlines he said that to a group of european newspaper reporters this is ahead of the e.u. summit planned next week so is this a threat a warning it's hard to tell because it's become a bit of a boy who cried wolf refrain take a look at this last november there were ten days to save the eu

levitation as said central bankers try to boost asset prices and delve into this great levitation with jim grant who is a capital account favorite he's editor and founder of grant's interest rate observer and a very well known critic of the fed and lauren i'm going to keep watching because i have a feeling that you're going to figure out some sort of way to levitate out of your chair you know i will try only anything for you all right thanks so much and for us here on the news side that's going to do it but for more on the stories we covered go to youtube dot com slash r t america or check out our website r t dot com slash usa and you should definitely follow me on twitter if you're not already christine for south thanks so much. download the official ati up location himself choose a language stream quality and enjoy your favorites from matsushita t.v. is not required to watch all its food all you need is your mobile device to watch r.t. in any type of. me fifty feet it's. fifty feet. deep.

it for our show today thank you so much for watching and make sure to come back on monday because jim grant will be joining us once again and in the meantime you know you can follow me on twitter lauren lyster you can like us on our facebook page which is narrow and give us feedback at youtube dot com slash capital account where you can still see all of our shows give us any of your feedback and have a great weekend. the friendship asian of russia has started again after two hundred years up at the. sub jet the emperor napoleon has arrived from overseas to lead the army i have to really take my time to prepare myself to get it right i know. the bloody battle near moscow is going to start over. james brown will reveal the victor the soldiers are back to do it all again. but you know version twenty twelve on r.t. . it's me he. says. well. science technology innovation all the latest developments from around russia we've got the future covered.

it for our show today thank you so much for watching and make sure to come back on monday because jim grant will be joining us once again and in the meantime you know you can follow me on twitter at lauren lyster you can all like us on our facebook page which is now and give us feedback a you tube dot com slash capital account where you can still see all of our shows give us any of your feedback and have a great weekend. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else or see some other part of it and realize that everything you thought you knew you don't have time or pacific ocean. floor. or. coming up.

it for our show today thank you so much for watching and make sure to come back on monday because jim grant will be joining us once again and in the meantime you know you can follow me on twitter at lauren lyster uchenna like us on our facebook page which is narrow and give us feedback at youtube dot com slash capital account where you can still see all of our shows give us any of your feedback and have a great weekend. download . the creation so choose your life stream quality and enjoy your favorite. t.v. it's not required to watch all its all you need is your mobile device more charts any time. wealthy british style. was a free. market why not it's the first scandal find out what's really happening to the global economy which makes kaiser for a no holds barred look at the global financial headlines tune into cars a report on our.

jim grant joining us, founder editor of grants interest rate observer. >>> are consumers getting ripped off at the pump? why it's taking so long for gas prices to fall on the heels of this week's big drop in crude oil. if prices went up that fast, gasoline prices would have soared right away. >>> is it ever a good idea for companies to mix sensitive issues with business? chick-fil-a again facing public backlash because of its stance on same sex marriage. >>> you're in a classic emerging market. it's a big one. >> roach motel titan bashing china on this network earlier today. not to trust any numbers coming out of the world's second largest economy. is the entire global economy in trouble? stay with us on that. in america today we're running out of a vital resource we need to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we nee

. >> jim grant is the editor of grant's interest rate observer and one of the country's foremost experts on credit markets. he says it didn't have to happen... [bell ringing] that this disaster was created entirely by wall street itself during a time of relative prosperity. and they did it by placing a $1 trillion bet with mostly borrowed money that the riskiest mortgages in the country could be turned into gold-plated investments. if you look at how this started, with the subprime crisis, it doesn't seem to be a good bet to put your money behind the idea that people with the lowest income and the poorest credit ratings are gonna be able to pay off their mortgages. >> the idea that you could lend money to someone who couldn't pay it back is not an inherently attractive idea to the layman, right? however, it seemed to fly with people who were making $10 million a year. >> with clients clamoring for safe investments with above- average return, the big wall street investment houses bought up millions of the least dependable mortgages, chopped them up into tiny bits and pieces, and repackage

fun dance to watch. >> it is. >> we'll take a break and come back with the closing countdown. >> jim grantth me, laying out the pace against the feds latest stimulus. and the unintended consequences it could have on the economy for generations. >>> we're just minutes away from oracle's latest earnings. stay tuned. [ engine revving ] ♪ [ male announcer ] every car we build must make adrenaline pump and pulses quicken. ♪ to help you not just to stay alive... but feel alive. the new c class is no exception. it's a mercedes-benz through and through. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did phot

. >> because at the time you weren't lee child, you were jim grant.y name, i'm going to change my profession. first thing you did you went out and bought paper and pencils. >> that's right. i've still got the original pencil worn down to a little stub. it was flown from new york to london for a british magazine to photograph the pencil. you know, that pencil has a lot of mileage on it. >> interesting. >> would you ever go beyond jack reacher? >> no, i'm the guy who writes jack reacher. i'm a man of familiarity in the market is important. i don't want to be writing something else. >> jack reacher has been very good to you. >> that's right. >> if it ain't broke, don't fix it. >> thank you, lee. >> i can't wait to see the movie. "a wanted man" is on sale. that does it for us. your local news is up next. see you tomorrow morning on "cb, >>> good morning. in the headlines a few of procession is underway right now for the chp officer. cbs 5 reporter is in vacaville with more on the funeral that's about to get under way. >>> we just got the program for the m

. >> there's jim grant who you like. >> yeah, but he says things that are a little bit -- is that whats? >> i don't think you're agreeing with your hair today. >> my hair is saying you have no idea what you're saying. >> that's not what you're saying. >> it's a good rule to live by. >> a lot of quick decisions in this world. if you can discount a whole bunch of people real farce, it would be helpful. >> the people who insist on wearing a y? what's the whole rationale behind that? >> what about guys with like 12-year-old haircuts? is that something you can discount. >> that's pretty funny, that i think you're alluding to me right now. this is a damn good haircut i have right now. >> i don't know. i've seen better. for ten years i've watched you. >> you got too much off on the sides. >> now you can insult me. >> not insulting you or the mud puppies. thank you. >> we will hear more from steve later this morning. by the way, be sure to tune in at 12:15 eastern. that's when we find out if the fed will initiative another round of this quantitative easing. brian sullivan is going to be joined

as my friend jim grant says we're living in a hall of mirrors where you don't really know what investorsiscovery is being destroyed by government intervention and to that basis i don't really like what the fed is doing. i think that we should have market prices. >> you want somebody who is going to basically let price discovery happen naturally. let's talk about equities. you made comments recently about the equity markets. this is a bond shop, and obvious i will you made a very timely call in terms of equities. what's your outlook on the stock market here in the united states and around the world right now? >> if we want to talk about stocks, so-called risk assets, in jenny don't like risk assets at the level they're at today. in the short-term and i am not very positive. in the longer term i think these policies that the fed is trying to put in place mean that longer term you want to be involved in real businesses and real assets that can have the ability to preserve purchasing power and move forward. i don't think we'll have a lost decade and i won't buy them because everything is so

and everybody in it, tom hanks, halle berry, hugh grant, jim broadbent.ifferent races. >> jimmy: who do you play? >> oh, i'm kind -- i'm kind of the mascot. i don't have big parts but i have fun parts. i play an indian man. i play -- >> jimmy: of course. typecast, hello! [ laughter ] always, always the indian man with you. >> and i look -- i look strangely like a distant relative of chris walken. >> jimmy: is that right? >> yeah. then i play kind of a seer woman and i'm completely tattooed. which, by the way, is not a bad look. if it's henna. not too strong. something you might want to do, like if you don't want to act anymore, because it hides a multitude of sins. >> jimmy: oh, is that right. henna tattoo? and probably from far away it just looks like a tan. >> it looked like a splotchy tan from far away actually. >> jimmy: then when you get up close you're like, whoa that's crazy. >> very cool. and i play -- what else do i play. everyone was putting noses they were very brave. it's a wonderful movie about how everyone -- >> jimmy: ten minute standing ov

i'm talking about the great old levitation our guest jim graham founder and publisher of grant's interest rate observer will explain and as the euro zone crisis reportedly spooks markets germany continues to be the thorn on the side of the money changers germany reportedly says leveraging the e.s.m. to two trillion dollars is not realistic and after the buddhist bank voted against unlimited bond buying remember president gave a speech recently warning about money printing plugging gold as a medium of exchange a very interesting we'll talk to our guest about it plus what happens when j.p. morgan's bullish i phone five g.d.p. forecast collides with fed ex is.

referees in the 49ers game actually admitted they made two mistakes and they granted jim harbaugh a couple of video challenges when they shouldn't have. a few other games had questionable calls as well. the nfl has been using replacement refs and locked out the regular refs when their contract expired. >>> the owners and the players of the nhl meet face to face as the lockout continues. what they will and will not be talking about. that's mup at 7:45 -- that's coming up at 7:45. >>> let's chick in with -- check in with sal right now. >> we're kind of having a rough one on this monday. 580 is very slow. i've been leading with this for the last hour just because it's the worst commute in the bay area. westbound 580. we also had an earlier crash on 680 at stoneridge. it was a fatal accident and then another accident on sunol. that was not as serious. this area is slow. 880 south is backed up from at least 238 all the way down to fremont. we have a lot of slow traffic. let's go out and take a look now at the bay bridge. it is backed up from the macarthur maze. those metering lights are on. thi

. >> the economy may also be among the reasons democrats can't take black voters for granted this year. jim vance live in charlotte with more on that tonight. jim? >> hi, jim and doreen. there were three critical elements to the president's victory in '08. the youth vote, the women vote and the black vote. he'll need all three again this time to stay in office. but there are challenges to all three. the black vote included. four years ago president obama won north carolina handily. it's going to be a tougher battle this time around, though. in '08 the black turnout in north carolina was significant. >> they were close to -- to 60%. but you had some actually even in meklynnburg county here, here in charlotte, you had some precincts that were african-american that still showed at 42%, 49%. >> reporter: dr. patrick graham is president of the local urban league. he adds black voter participation especially now has suffered. because a lot of people are on really hard times. >> when you talk about issues of economics and poverty, unemployment, your priority shifts to those things that are much mo

they incorrectly granted jim harbaugh two video challenges in the fourth quarter. he was out of challenges. the detroit/tennessee and cincinnati/washington games, the refs marched off too much yardage on critical penalty calls. who would think we would miss real referees. >>> a controversial move by schools in new york city. they are giving the morning after pill and other contraceptives to high school girls without telling their parents. kind of sort of. we have more on that coming up. and everyone likes 50% more [ russian accent ] rubles. eh, eheh, eh, eh. [ brooklyn accent ] 50% more simoleons. [ western accent ] 50% more sawbucks. ♪ [ maine accent ] 50% more clams. it's a lobster, either way. [ male announcer ] the capital one cash rewards card. with a 50% annual cash bonus, it's the card for people who like more cash. [ italian accent ] 50% more dough! what's in your wallet? [ italian accent ] 50% more dough! energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely

they incorrectly granted 49ers coach jim harbaugh two challenges in the fourth quarter. and in the detroit, tennessee, washington, cincinnati game, the refs stepped off too much yardage in penalty calls. not a good day. >>> meanwhile, "mad men" was dethroned. homeland took home best drama emmy last night. "modern family" is still the king of comedy. it won't best comedy series for the third year in a row. and speaking of streaks, there is nothing like this one. jon stewart's "the daily show" was named the best variety program for a tenth straight year. stewart basically made it to the stage after being tackled by losers jimmy kimmel and stephen colbert who were funny in defeat, let's say. >> let's get back to our top story this morning. nearly 120 world leaders are here in new york city for the u.n. general assembly. let's get right to nicholas burns from the harvard kennedy school. it's nice to see you, sir. thank you for your time. a moment ago, i'm sure you heard richard ross setting up the various issues before the u.n. general assembly, focusing on what's happening

. >>> the 49ers take no one for granted hosting the lions on prime time tv and jim harbaugh's formulaf stout defense. the offense is reaping winning results. it is a pre game handshake and that is jim schwartz. alex smith had some up his sleeve. a 21%yard td pass and 7-049ers. roughing the kicker and pass interference call. frank gore rumbles one yard and he ran for 89 and 14-6 niners at the half. the niners defense held the line for three field goals and pressuring matthew stafford all day. now, this 13th play and six-minute drive andy pit myselfs the diversity. michael crabtree with three first down catches. frank gore and kendal hunter kept chipping away at the lions' defense and then alex smith, bloody nose and all caps it with a 23-yard pitch and catch to davis. 226 yards and stwo td passes. 49ers are 2 and 0 with another victory. >> another win on a big stage sunday night against a really good opponent, playoff team last year. a game that came down to the wire. >> a lot of areas where we didn't finish. we try to correct those things and move forward. we brought in ran knee moss

. >>> the 49ers take no one for granted hosting the lions on prime time tv and jim harbaugh's formulaf stout defense. the offense is reaping winning results. it is a pre game handshake and that is jim schwartz. alex smith had some up his sleeve. a 21%yard td pass and 7-049ers. roughing the kicker and pass interference call. frank gore rumbles one yard and he ran for 89 and 14-6 niners at the half. the niners defense held the line for three field goals and pressuring matthew stafford all day. now, this 13th play and six-minute drive andy pit myselfs the diversity. michael crabtree with three first down catches. frank gore and kendal hunter kept chipping away at the lions' defense and then alex smith, bloody nose and all caps it with a 23-yard pitch and catch to davis. 226 yards and stwo td passes. 49ers are 2 and 0 with another victory. >> another win on a big stage sunday night against a really good opponent, playoff team last year. a game that came down to the wire. >> a lot of areas where we didn't finish. we try to correct those things and move forward. we brought in ran knee moss

they're still looking at i think we have fines on broncos coach john fox 25 grant for yelling apparats. they're reviewing jimbaugh they're doing tiles and a hand they've been you yelling about this for weeks. >> i said as of the beginning and now keeps saying it if you are a coach or a player and you make your livelihood through this i think this doesn't just make you feel one way. if you're a fan listen fans get on the bandwagon what we have at stake here? when you have everyone jumping and you have to make a change. hey look of the rating for the game they're all great. i haven't heard anyone say i'm pulling my advertisement from this game in no? >> this is more about those are making a living and have to live with these records right? we were looking at does this really amounts of the worst of the worst bad calls ever? in all sports? probably not. >> it was pretty bad but you won't get... but if i have this right green bay was favored by 4 1/2 points last night. that that played didn't happen then green bay and the people that bed on green bay when. >> hundred $50 million was messed up because of. it went

jim's brother who coaches the ravens had the best take a hall. >>> i was thinking about that. i don't think there's been so much attention paid to a handshake. not since grantnd lee shook hands in the civil war. >>> it's available time to think about that today by thought was appropriate. so the top five most famous handshakes lee never got a rematch. i never for arafat and of being adhered to bring peace to the middle east with bill clinton presiding. we go back to the late '70s jimmy carter's one shining moments the camp david peace accords. add member to mix and all shook up in 1970 when elvis came to the white house. and number one this is an enduring image during bill clinton's 1992 campaign for president clinton shakes hands with john kennedy. how about as? >>> and did you know that when all this came to the white house he gave richard nixon a revolver? but still equate to they gave him a bad and all this was for all intents and purposes a law-enforcement officer. >>> is not obvious?,, [ female announcer ] they can be enlightening. hey, bro. or engaging. conversations help us learn and grow. at wells fargo, we believe you can never underestimate the p

federal energy grants and loans from the obama administration, and the recent approval of a major merger. but duke energy says that is in no way connected to the millions of dollars its ceo jim rogers pledged to raise for the democrats, or the $100,000 he has given personally. it's about promoting his hometown charlotte, according to duke energy. when we went to duke corporate headquarters where rogers was hosting a private party, we were turned away, told our cameras represented a security threat. >> no cameras allowed here? >> no. >> because? >> it's just our policy. >> reporter: we received the same policy in tampa, from at&t which took over this restaurant directly across from the republican convention forum for a week-long event for the republicans. >> this is private pop. >> reporter: employees tried to hide the sign with the names of honored public officials. we were told to turn off our cameras or face arrest. for both parties, the intersection of money and power is a busy, often ugly place. >> there's no shame in what they're doing, there's pride. >> reporter: harvard law professor author of "republic lost." >> as you raise money a fraction above the 1%, our congres

jim. my question deals with the relationship of henry haleck and grant.eck had removed grant from command. are you suspicious grant would have done something as provocative as general order number 11 without haleck even knowing about it, in spite of the fact the communications were down? >> well, first of all, it's wonderful that people really know their civil war history. it's great. i can't imagine -- grant had no way of knowing when he issued the order, that the telegraph lines would be cut less than 72 hours later. if he had, he would have made sure to have been there and not given a drunk murphy in charge. so i'm sure that grant assumed in the narl course of events, copies of the order would immediately be telegraphed to washington, which was supposed to happen, and then haleck would have seen it at once. at least my understanding -- because otherwise the whole story is uninintelligible -- is that no one knew about the order because the telegraph lines were down. now, what haleck would have done on his own, had he seen the order, especially given his

jim's brother john who is the raven's head coach. >> i was thinking about that a little bit, there has not been so much attention paid to a handshake since grant lee shook hands at appomattox. you like that? a moment to think about that. i thought it was appropriate. obviously he was grant. for the rebels. >> judge for yourself. the two men spoke for 25 minutes, we shook grants hands to surrender and they never got another chance to read the brief history lesson is what separates us from other sports departments that literally put you to sleep. case in point, this host fell asleep on his radio show. >> as you can see mike, to share his absence, is part of this, the yankees ... >> stanford is going to host at usc on the form this weekend. among the stable of running backs is all famer barry santo. >> i have had people think that i am a father. >> if he plays anything like his father he will go far with sanders in the backfield. >> i will spend my next few years in college playing with a form. >> high-school star, he surprised experts when he turned down the chance to go to his father's alma maters, oklahoma state. >> it was not tough for me but

grant. keep in mind, duke gets 5% dividend to their investors. so our taxpayer money went to duke and they rewarded their shareholders. this is outrageous. jimogers has gone all-in for president obama. he was on the host committee. and then he had the audacity to use corporate assets to back the convention and they also, they're also became a bank. they're a utility. now they're a bank for the dnc. also gave them free office space. now they're a realty agent. melissa: i thought that was amazing. i wasn't sure within the bylaws how it is possible. >> bylaws? melissa: they're a utility. how could they give a $10 million line of credit to the committee? one of the things they tried to say in their defense, it wasn't about democrat or republicans. it was trying to bring the business to the state. but if the dnc defaults on this line of credit their own shareholders are the ones on the hook there for, you know, the president's re-election campaign? >> absolutely. again this is crony capitalism gone wild. look into the bylaws, i'm not sure. that is where shareholders should be. jim rogers is on cnn and asked him the big question, are we better off

federal energy grants and loans from the obama administration, and the recent approval of a major merger. the duke energy says that is in no way connected to the millions of dollars its ceo jimers pledged to raise for the democrats or the $100,000 he's given personally. it's about his own hometown. when we went to the duke head quarters where they were hosting a private party, we were turned away, told our cameras represent a security threat. >> no cameras allowed here? >> no. >> because? >> it's just our policy. >> reporter: we received the same from at&t which took over this restaurant directly across from the republican convention forum for a week-long event for the republicans. we were told to turn off our cameras or face arrest. >> thank you. >> reporter: for both party, the intersection of money and power is a busy, often ugly place. >> there's no shame in what they're do there's pride. >> reporter: harvard law professor robert lessig talks about that. >> our congress becomes gent on that. >> what's the effect on policy? >> well, in a thousand ways, you know, buried inside of bills, you begin to see policy shifting in a direction that makes sense from a perspective of

this is made possible in part from generous grants from the independent college and universitys and aarp wisconsin. and now on their behalf, mr. jim reardon, mr. sam wilson. >> good evening, everyone. i'm jim reardon from wps health insurance. these are my friends, ralph from the independent association of colleges and yuferes and sam wilson, state director of aarp. >> along with wpf and aarp wisconsin, wisconsin's 23 private nonprofit colleges and universitys, and our more than 61,000 students are pleased to sponsor this debate between the major candidates for the u.s. senate. to be competitive in the global knowledge economy, wisconsin needs to expand educational opportunities. this is you are mation at the association. we also believe that good government depends upon an informed and educated public and that a debate can and should be educational. aarp wisconsin has over 800,000 members in the state and over 37 million members nationwide. we are pleased to join in sponsoring this 2012 u.s. senate debate. aarp has a 25-year history of nonpartisan voter registration and voter engagement. we appreciate you joining us this evening

grants from the wisconsin association of independent colleges and universities, w.p.s. health insurance and aarp in wisconsin. and on their behalf, mr. sam wilson. >> did evening, my name is jim riordan from the health insurance and these are my friends from the association of independent colleges and universities and sam wilson, state director of aarp. along with w.p.s. and aarp-wisconsin, wisconsin's 23 private nonprofit colleges and universities and our more than 61,000 students are pleased to sponsor this debate between the major candidates for the u.s. senate. to be competitive in a global knowledge economy, wisconsin needs to expand educational opportunity. this is our mission at the association. we also believe that good government depends upon an informed and educated public and that a debate can and should be educational. aarp-wisconsin has over 800,000 members in the state and over 37 million members nationwide and we are pleased to join in sponsoring the 2012 u.s. senate debate. aarp has a 25-year history of nonpartisan voter education and voter engagement. we appreciate you joining us this evening. and please visit www. earntosay.org to find more information about