be believin go as far as to say that i was seen in moscow on the fourth of october meeting them at keefe ski railway station it's a pack of lies i was at yeltsin side until the end of the. these pictures went all around the world tanks on the moscow river embankment firing directly at the supreme soviet building. at this moment former vice president troops going uphill from inside the white house for the military to rescue the besieged deputy. phyla to take off my face. save the dying people. to say something in their defense so they lied that they had used blank or wooden shells. but the building was burning. how much time it took to restore it. blank cells cause such damage on the. deputies get together in the conference hall on the fifth floor whether or no windows as they hold their last session it becomes perfectly clear that the army will not back the supreme soviet rule as soon circulated that yeltsin had issued an order to his security service caused a lot of pain to the supreme soviet and presidential rival would be finished off without trial. well i had a loaded pistol in my ri

we believe in go as far as to say that i was seen in moscow on the fourth of october meeting them a keefe ski railway station it's a pack of lies above i was at yeltsin side until the end the. these pictures went all around the world tanks on the moscow river embankment firing directly at the supreme soviet building. at this moment former vice president troops going appeals from inside the white house for the military to rescue the besieged deputy. director you hear me take off my back here save the dying people. have to say something in their defense so they lied that they had used blank or wooden shells. but the building was burning. much time it took to restore its. black shells cool since damage on the. deputies get together in the conference hall on the fifth floor whether or no windows as they hold their last session it becomes perfectly clear that the army will not back the supreme soviet room as soon circulated that yeltsin had. security. the safety was. a secret unofficial request we were told given the chance to do them both and instead of arresting them. we didn't get a chance

something has to keefe it here because it is not matched even though aroad wiling to his appl like this. the point is, what we have now is a fed with unlimited power and disstregs which mea -- discretion which means the power to make huge mistake. they are not i am pro offing over time. >> what's the alternative? >> that's right. several nations prospered and have financial stability without snin tral bank. canada had no central bank. ment it wasn't treated because of the depression i want this. will>> they copied america probably? >> they copied america, that's right. >> prior to 1914 when we established the fed the pruivat banks supplying currency. >> that means to be clear each bank could make its own currency and you could trust it or not. >> the notes of the different banks were just their iou's. they were a nationally branched bank canada allowed it. the u.s. didn't. they are remarkably people failed. >> in the many in the glat depression it was the notorious fed thousands failed. in canada through out the whole 1930's. a few more rules would have preventeded the housing crash or

keefe stone pich line a lot think he will approve anyway.would set a precedent for other presidents, republican, democart, and by virtue that he must not diet. do, i mean, how firm does he stay here? >> i think he has learned ape lot from the last experience. you have to understand the last defendant ceiling krils crisis e lowest point of his presidency. more angry according to aide he had ever been at any other time. they could see it in the polls. more importantly he felt it himself. he looked weak. he didn't get anything out of it. all looked bad. republicans looked worse. but he stewed over this. he has learned those painful lessons. so, this isn't just about -- his ego. i think he is looking at them, republicans, saying i am not going to rescue you from yourselves any more. you have done this. you have got to get yourselves out. and then, and then, listen to what he said, john harwood. we can discuss all those things. but if he offers up, this has been his problem with negotiations. offering up concessions before a negotiation has gotte

jim baker, the former keefe of staff to -- chief of staff to ronald reagan and later secretary of the state, secretary of the treasury, writes and talks about the fact that when reagan was president and these shutdowns occurred, he immediately called everyone together and got things moving again. that didn't happen during this one. and it's the kind of rhetorical crisis that could become real because, for example, in alan greenspan's new book he talks about the failings of economists coming up to the economic collapse of a few years ago was that perhaps they underestimated the importance of psychology and herd performance on the part of investors and others when it comes to economic decision picking and were looking too much at simply the economic facts. what we've had this time is certainly a white house that has argued that this is such an existential crisis that the entire world economy could collapse as a result of something that's happened many, many times before. as we approach the debt limit, the assumption if one reads the the daily newspapers or watches cbs or the other netwo