john rutledge, is this a fed-obsessed market? is it going to always be a tapered market?uld people sell on the rallies before the fall? >> i think you sell the bonds and buy the stocks, larry. you know, this is -- everybody's worried about taper. it's reverse taper that's the real interesting question because once they get done with all this they're going to have to sell $3 trillion of security. that's $250 billion a month for a year, and people haven't wised up to that yet. if they don't do it, we've got an inflation story down the road. so right now i think it's a bond-stock allocation question. >> but john, just a quick follow-up, please. i have not seen you in a while and i want to refresh your position. you basically are saying you've got about three years in front of us, three years. first, stop buying the bonds. and then second, start selling the bonds and let the short-term interest rate go up. you're basically saying, john, you've got three years plus of tighter money. what's that going to do to this whatever, 4 1/2, 5-year bull market in stocks? >> it's not goin

but eventually they send three people, been confronted, john adams and edward rutledge to meet with howe, richard house, at staten island on september 11, after the battle. and howe says, look, we just demonstrated to you that you cannot win. it is a hopeless cause. step back from independence. listen to the terms the team will offer you. they will be generous. i can tell you he's going to let you govern yourselves as you want to, although i can't guarantee it. and we'll probably have to hang most of the leaders. [laughter] he doesn't say that but that's what they mean. and both adams and franklin say something really interesting. adams says, it makes no difference what happens here. if you destroy the continental army, we will raise another army. demographically there are over 500,000 americans between the ages of 15-50. it's the same thing ho chi minh says to us. so go ahead, but it doesn't make any difference. .. this will be seen like the crusade and you will be ignominious arrogancy. side ties you to take your ships and go back now and say this much is your reputation as he possibly

attorney general would have called rutledge out for his bad language in the same tweet you thanked him would but he didn't and that's just really really. on friday john delong top n.s.a. official in charge of making sure that n.s.a. analysts comply with rules and regulations protecting the privacy of americans responded to reports that the n.s.a. had frequently violated privacy rules speaking to reporters on a conference call to long was responding to the wall. posts report that a leaked internal n.s.a. audit revealed there had been two thousand seven hundred seventy six incidents of violations of our privacy rights in a one year period to long told reporters that the majority of violations were unintentional human or technical errors and that the number of intentional errors by n.s.a. analysts was minuscule involving only a couple over the past decade while mr dog's classifying of these thousands of n.s.a. privacy violations as minuscule is fairly disturbing it does raise an interesting question what crimes are considered minuscule in america but are still prosecuted for instance shoplifting a piece of jewelry from a department store or is usually c