still is being taken on we also have you debt scams to pick apart here to talk about it all as karl denninger he's trader and author of leverage how cheap money will destroy the world we've certainly see it do a lot of damage but continue to be a huge problem nonetheless so first of all i mr denninger thanks for being on the show thank you very much for having me absolutely so let's talk about jobs i know these numbers came out on friday but there really wasn't a chance for everybody to react to them until today now this report was bad ok payrolls were way less than expected they were less than people's pessimistic views including yours which was for one hundred twenty five thousand they came in at one hundred twenty thousand yet we see jobs numbers each month mr denninger they are a political football whether somebody wants to say this is a sign the economy is bad or this is a sign that things are improving we see it thrown around every month my question is stepping back do you see this is one bad jobs report or do you see this is symptomatic of a continued bad structural job situation. i lo

reaction to a bad jobs report will back up a look at the big unemployment picture we'll speak to karl denninger of the market ticker and speaking of economic problems. there are only a few things that could to real the u.s. economic recovery that finally seems to be underway and one of the news the debt crisis in europe. really that's just one of the things one of only of those who are us politicians looking for a scapegoat or an excuse oh and the grapes are just the lazy freeloaders who caused the euro zone debt crisis right we have a reality check for the mainstream media let's get to today's capital account. so u.s. stocks fell today and people are crediting friday's lousy u.s. jobs report for that now it is hard to say exactly what moves markets you can't really attribute it to one thing or another in our view especially when you can have single traders like the so-called london whale making a gigantic splash that rattles markets or as we talked about on friday when you can have firms manipulating them so what do the u.s. unemployment numbers really spell as far as the broader picture and w

congress should make minor changes so we want to talk taxes earlier i spoke to the market taker's karl denninger and we started off by looking at this from a historic perspective this was an american back in world war two era this was sold to americans as a program to help help uncle sam during and after the war that it's every citizen's patriotic duty to pay taxes and help defeat the enemy while seventy years later we're still paying taxes to defeat the enemy from the system is still flawed and complicated so he talked about the road the tax system has taken. well the the income tax goes back to the sixteenth amendment of course which gets to approximately the same time as the federal reserve so it's been around for an awfully long time but it was originally only supposed to impact a very small number of people and of course like all taxes and like all government programs it starts out small when it turns into this might be headed to get through that you can't seem to chill no matter what you do at this point we have a system to some convoluted that when you file your taxes you're not really su

of the american public has doesn't understand exactly what's going on here and architecture is karl denninger thank you. so i had an r.t. taking the law into their own hands arizona lawmakers believe finding armed civilian militias along the us mexico border would stop illegal immigration is this a smart way to secure the borders or a free pass for vigilante justice some answers in a minute. our t. is the state english speaking russian channel it's kind of like. russia today has an extremely confrontational stance when it comes to us. what drives the world the fear mongering used by politicians who makes decisions it's completely break through it's already been made who can you trust no one. is your view with the global machinery to see where we had a state controlled capitalism in school sessions when nobody dares to ask we do our tea question more. well the supreme court has michael hear arguments for and against arizona's so-called show me your papers law also known as s b ten seventy and in the meantime the state has been putting together more tough anti illegal immigration laws the state