variety of economic and fiscal monetary ills and just as one man not just four author and investor jim rogers also said the situation is getting worse he predicts problems down the road and came down hard on fed chairman ben bernanke saying quote dr bernanke he doesn't understand economics he doesn't understand finance he only understands printing money and you can't quadruple the amount of money in the next low down florida i spoke to stuff scott carter about this he's the c.e.o. of goldman i think many people are starting to see the value of gold as a part of their portfolio for diversification it's always been a great hedge against the falling dollar or inflation and that seems to be what the issue is here it's a dollar issue and gold is shining very brightly as a result of this you know if the dollar was as good as gold other people would want to buy it this is the quote also from steve forbes about it but let's look around it and support that actually with what's going on around around the world this year mexico but around a hundred tons of gold that's according to the next conventional

back to the world bank they would talking about this seven months ago the dollar is collapsing jim rogers is right about bernanke he you know with a real couple of enemy number one is it's osama bin vernay see this guy's the valuing the money in front of our all eyes look at wholesale prices today look at producer prices yesterday the retail sales were up why because energy and food prices are going up the cheaper the dollar goes the commodities go higher because dollar isn't worth the digital paper it's not being printed on not to reiterate this too much in general but let's look around the world what's going on an interesting indicator i think this year of mexico bought around a hundred tons of gold this is according to the mexican central bank you know and looks like to me at least that the lost confidence in the u.s. dollar is everywhere and confirming another thing that your favorite guy steve forbes said which is you know people know that something is wrong with the dollar he said of the dollar with as good as gold other countries with want to buy it so here's a question for you tho

solve a variety of economic and fiscal monetary ills and it's not just forbes author and investor jim rogers also says the situation is getting worse he predicts problems and came down hard on fed chairman ben bernanke saying quote the money doesn't understand economics he doesn't understand finance he only understands printing money and we can't drupal the amount of money in the next slowdown but let's talk more about this i want to go to c.e.o. of gold line scott carter he is in our los angeles studio. so scott obviously something you believe in gold but you have been in the minority for a while in sort of the radical class of people how's it feel now that your ideas are becoming a little bit more mainstream. well i think christine thanks again for having me i think many people are starting to see the value of gold as a part of their portfolio for diversification it's always been a great hedge against a falling dollar or inflation and that seems to be what the issue is here it's a dollar issue and gold is shining very brightly as a result of you know on if the dollar was as good as gold or

. >> reporter: after 15 months out of work, jim roger has a job again. he's 51. that's a tough age to change. >> if you want to work, you have to do something. i mean, old school is not cutting it anymore. >> i lost my house. i lost my car. >> reporter: jim dorcey went into bankruptcy after he was laid off from a major automaker. now he's a quality control manager for dow. os it's a fresh start, almost a new lease on life. >> reporter: over the past decade, a third of the manufacturing workforce in the u.s.-- that's 5.5 million jobs-- have vanished. the prevailing wisdom seems to be a lot of these manufacturing jobs are lost for good. >> i do think we're on our way to that point. >> reporter: liveris says america must make manufacturing a priority. >> when j.f.k. said, "let's put a man on the moon"... >> we choose to go to the moon. >> reporter: ...it actually created whole new industries because of a national mission. i think we need a national mission. >> reporter: a mission that could help the entire economy take off. because for every dollar in sales generate

that all time high of fifty didn't quite break it then a lot of things happened concurrently first jim rogers opened his fat trap and said that's over it was a hyperbolic move and this seemed to get the hedge funds to start selling silver but more importantly this is what i want to talk about because this there's a lot of chatter about this i want you to help me straight that's not for folks widely reported that you sold units of p s l v this is the physical saw over trust the it's it's not really an exchange traded fund it's an actual trust with actual metal in it many tempest as an indication that you had sold so or there's a lot of chatter about this what what exactly is going on there eric sprott well max that's totally the wrong interpretation that people should have made as you know we have to file to be a seller because we're a major owner of the units i got up to about a twenty two percent premium to the underlying debt asset value we had filed we had some sales but as i stated last week every dollar of those proceeds went either back into the silver market because fortunately we can

sides trading political lens avoiding any firm commitments and according to author and investor jim rogers talks alone won't pull us out of its economic slump. we are the largest debtor nation in the world is getting higher and higher and the rest of the world is starting to say wait a minute guys we're not going to continue to finance is we're not going to continue to play ball other countries are now looking for replacements for the u.s. dollar there's a lot of movement not just in china but all over the world because everybody knows that the u.s. dollars now a terribly flawed currency the united states is trying to drive down the value of its currency no country in history does have a policy of good basing its own currency has done very well in the long term or even the medium term it sometimes works in the short term it's you can revive your economy by devaluing your own money but that's not a good policy so i would expect to see more crises in the in the currency market maybe it's soon as this fall or certainly by the fall of two thousand and twelve two thousand and thirteen and you'r

the you as the global rather reserve currency is something that investors like george soros and jim rogers have been talking about for a while some of those comments coming on this show but i asked peter schiff president of euro pacific capital if it was significant that the world bank was saying this and if that date was significant here's what he said. the current system is unsustainable and the longer the world tries to preserve the u.s. dollar as the reserve currency the worse the global imbalances are going to become the more inflation the world is going to suffer so the sooner the world understands this and look for an alternative i think gold is the best alternative then we can begin to tackle these problems of course when that happens america's ride on the global gravy train comes to an end and we're going to have to get used to living within our means which our means have been dramatically diminished over the years because of our duster base basically having disintegrated due to high regulation high taxes cheap money all the things that we've done to undermine our economy but as f

problem and yesterday my colleague lauren lyster spoke with legendary investor and commodities trader jim rogers and here's how he framed the issue. america's going to have to face the problem that we are the largest debtor nation in the world is getting higher and higher and the rest of the world historians say wait a minute guys we're not going to continue to finance is we're going to continue to play ball other countries are now looking for replacements for the u.s. dollar there's a lot of movement not just in china but all over the world because everybody knows that the u.s. dollar is now a terribly flawed currency i don't like saying this i want american citizens and american taxpayer we've got to face facts of the two i'd rather be the creditor than the debtor throughout history throughout history you know people have always said look over there with all that money i want to go over there with the assets or you've never heard people say look at all those debtors i want to go there and join those debtors i mean the american press is seems to be more worried about the with which t.v. stars d

from a book expo america, new releases from jim lehrer, roger larson, andrik michael moore on his upcomingoir. on "after words," janny scott on the story of barack obama's mother, hosted by "national journal's" major garrett. c-span2's local content vehicles kicks the city tour this weekend with the booktv events on a c-span2, including an interview with del quentin wilber, and i look at the book industry with local booksellers , and the st. petersburg museum of history, with the first commercial aircraft, and the history of the settlement of angola. the lcv cities tour kicks off this weekend to watch it on c- span2 and c-span3. this weekend on american history to be on c-span 3, "washington post" journalist ben bradlee and bob woodward of watergate. the former policy of president reagan. and we will visit fort myer, virginia, to learn about the army's oldest active infantry unit and its role in presidential funerals. "washington journal" continues. host: kathy deveny is the life and money editor at "the fiscal times." i showed headline to our viewers of recent column written by one of you

from book expo america, new releases with jim lehrer, roger ebert, eric larsen. panels on feminism and favorite books of 2011. activist and filmmaker michael moore on his upcoming memoir. i find the schedule at booktv.org or text. this weekend on american history tv on c-span 3, "the washington post" journalist ben bradlee and bob woodward on watergate and the fallout for nixon. associate professor at george mason talks about the foreign policy of president reagan and we will visit fort myer, virginia, to learn more about armey's oldest active in trade union and its role in presidential real spirit of the complete schedule at c-span.org /history or have it emailed by pressing the c-span alert button. follow c-span's "washington journal" on twitter and joined viewers to get advance notice of tomorrow's test, question of the day and high-profile bookings and links to video clips. you can also tweet in questions to our guest and add your comments. don't miss any updates. start your twitter account today at twitter.com/cspanwj. >> the u.s. supreme court is at a uphel

rogers, regional administrator of the federal transit administration. we also have jose luis moss covitts of the transportation authority, jim lazarus of our san francisco chamber of commerce is here, along with red rifkin of the san francisco city of public works and melanie from the department of environment. we had a strong partnership. there was no way we could do this work without a strong partnership here within the city planning and the port of san francisco that had a strong partnership with us at s.f. park and agreed to participate in the pilot program. we have a great team of individuals at the m.t.a. who worked on this project for the past couple of years and i need to make sure we especially thank them and jape primus and steve lee. -- jay primus and steve lee. [applause] and i think you saw earlier on we had some of our team that works out in the field, our parking meter shops, those individuals also deserve recognition. they've done a great job to get us here today. they're tireless efforts have gotten us to a point on behalf of this agency, we need to make sure they get recognized and thank you for that. to begin, it's my privilege to int

new releases with jim lehrer and anne rice, roger ebert, and eric larsen. plus, activist and filmmaker michael more on his upcoming memoir. find the complete schedule at booktv.org. cortex the wordbook to 9970 to. standard messaging with supply. >> elizabeth warren before a house oversight committee this week and was accused of lying to congress about her role in helping state officials negotiate a settlement with mortgage providers. you can see the entire hearing this weekend, but here is part of it until our live coverage. >> [inaudible] >> originally, this hearing was it 2:00. are you not able to stay for this? >> when asked to change the time four times in the last four hours, including waking people up at home last night -- >> let me be on the record with you. i never made a single phone call about this. be very clear about what you're saying. we have two additional members and eight minutes remaining for the vote. if you will not stay around for the questions, then we are going to stay around and finish this out. i never heard back you had to leave at

jim miklaszewski in washington, thanks. the videos and all the materials seized from the xund, offer a wealth of information from intelligence officials. roger cresse is our counterterrorism analyst. roger, good morning. thanks for being with us. >> you bet, lester. >> i get what the u.s. government wants us to take away from it and that was osama bin laden wasn't ten feet tall. he was a regular guy. what do followers get from the video that is have been released? >> you look at these videos, lester, and you think of the old tv commercial, image is everything. bin laden was still trying to pr promote a certain image of him seven to support the narrative that al qaeda was putting out. and i think what this will do it will expose part of that narrative. bin laden was hiding. he was isolated. though he had tremendous control over elements of the al qaeda network, he was living a very, very difficult life. and that will run counter to some of the narratives he has put out. >> they didn't include sound with these video clips. one of them we understand was unreleased, it was an unreleased message recorded last fall, october/november. do we know wh

jim earlier, i got really worried about my body language. i thought i might, you know, do it all wrong and then after roger's wonderful presentation, i stopped worrying about it. too good stuff. [laughter] um, it's lovely to be in america where the readers have been so kind to me. um, i was thinking about the sparks of the book, "the forgotten waltz." they're always somehow a secret. it takes you a while to remember them or to uncover them. but my father looked at me on christmas day in 2008, and he's in his mid '80s. whatever age i am. i spent a year on the road in 2008 trying to look well known. and he looked at me and i'm too fond of my daughter to talk about him. my mother said this, oh, your hair wasn't combed right or whatever. but i don't talk about my father much, and he doesn't talk much at all. he's a quiet man. and these silences in our lives, i think, are the most interesting thing. he kept looking at me christmas day, as i say, and i knew what he wanted to communicate to me was how delighted he was with me, basically, and how proud. and he's allowed to do that because he's my father. and, you know, that's allowed. i realized tha

jim, thank you. >>> we're going to get official reaction right now. we're joined by congressman at the center of the action, the chairman of the house intelligence committee, mike rogers. congressman, thanks for joining us this morning. let's begin with the question of pakistan. leon panetta said they were involved or incompetent. >> i read that the leadership were not aware that osama bin laden was at that particular compound. clearly, this is embarrassing for them. we can't say for sure that there weren't some i.s.i. or intelligence personnel that knew or some army officials that had known. but clearly, to me, after what i've seen yesterday, the institutions of those organizations, did not know. >> not high-level knowledge, according to what you've seen so far. and they went through a lot of intelligence they picked up in the compound. based on that, you would not cut aid to pakistan right now? >> listen, this is one of the love/hate relationships with pakistan. over the last 10 years, 600 people they've assisted us with arresting in the settled areas of pakistan. and they sent troops, army troops, into the tribal areas, at our behest. and they've taken thousands an

jim albaugh mentioned what a rapidly changed environment we have particularly in the next ten years. i think we adapt and innovate, or we certainly fall behind and lose our leadership position. will rogers on the right track f if you just sit there, you're going to get run over. so even if we think that our formula for success is right on the button right now, over the next ten years it's surely not going to be that way. jim mentioned that we were facing a $30 billion investment by china in this next ten-year horizon. so i guess if i were to give a speech today, which i'm not, but i would find it hard not to just read the editorial that was in the aviation week space technology magazine april 18th. don't take aviation for granted. i think it's one of the better pieces that has showed up in that magazine, and if you haven't read it, i'd encourage you to do so. it echoes, i think, all of our thoughts. over this next ten years, i do have to say it's not all dire stuff. several of you wereçó fortunate enough to be out at the new faa command center facility a couple weeks ago when it was dedicated, and i can tell you that it is something about which you can justifiably be proud. it's a real