yeah ok well jim rickards has been on the show smart guy. he talks about going back to a gold backed security and clearing all these liabilities you have to get to gold between seven and ten thousand dollars an ounce to make the equivalent of all the funny money in the system so that these are the numbers that you have gold laid out calmer also positive and could be where this is all heading when the money system collapses we go to a gold standard you've got to clear those trades against something gold and therefore gold holds a lot but i want to jump to something for a second because recently and we interviewed professor and he said that the fed's money creation was causing deflation you want to use some of this interview to just agree with them you know what he is saying if i can put words in his mouth is that the u.s. economy and deed all other economies most other economies and but world. is in serious difficulty and there is a tendency for it to come in on it so now this is because there has been a build up of mali investments if you li

yeah ok well jim rickards has been on the show smart guy. he talks about going back to a gold backed security and clearing all these liabilities you have to get to gold between seven and ten thousand dollars an ounce to make the equivalent of all the funny money in the system so that these are the numbers that you get gold later calmer also positing could be where this is all heading when the money system collapses we go to a gold standard you've got to clear those trades against something gold and therefore gold holds a lot but i want to jump to something for a second because recently and we interviewed professor and he said that the fed's money creation was causing deflation you want to use some of this interview to just agree with them you know what he is saying if i can put words in his mouth is that the u.s. economy and indeed all other economies most other economies and but world. is in serious difficulty and there is a tendency for it to come in on it so now this is because there has been a build up of mali investments if you like inv

are with the backbone of the global financial system it actually could be a situation like what jim rickards says is that you could just a phase in the s.t.r. as the u.s. dollar bonds become you know expire that's right jane james ricker says s.t.r. will be phased in. first they'll start trading oil in s.t. ours and not the dollar and that will be the official end of the dollar yes so it could be a smoother transition then the chaos that happened in these wal-mart shops down in louisiana so coarsely could use but going to be my first or are as a server thanks so much for being on the kaiser report thank you max. states in for the second half a whole lot more. will told you my language as well would react to situations i have read the reports but let. them know i will leave them to the state department to comment on you. let him play it safe. secure yet a car is all you're talking ok. thank you no more weasel words. when you made a direct question be prepared for a change when you find you should be ready for a. freedom of speech a little down to freedom to. i know c.n.n. the m s n b c news h

are with the backbone of the global financial system it actually could be a situation like what jim rickards says is that you could just a phase in the s.t.r. as the u.s. dollar bonds become you know expire that's right jack james record says s.t.r. will be phased in. first they'll start trading oil in s.t. ours and not the dollar and that will be the official end of the dollar yes so it could be a smoother transition then the chaos that happened in these wal-mart shops down in louisiana so of course i could use but going back to my first point our as a server thanks so much for being on the kaiser report thank you max. states in for the second half a whole lot more. real damage and complexity of this oil spill is not something you gross just by looking at dirty birds we have between four to five million p. . when this directly affected area of the coast and it's pretty clear why it's not being reported because b.p. can't afford to have a reported all along the gulf coast are clean they are safe and they're open for business if b.p. is the single largest oil contributor to the pentagon the u