other tradition he would love not to be able to leave office having been the guy to monetize that and turn the clock back on everything the bundesbank represents but it looks like he won't be able to escape without that mark on his reputation as the ultimate monetizing machine and of course this is again why the euro is going to be weaker against the only global currency that makes any sense gold bullion well she was the head of the e.c.b. and he and there was a battle between the bundesbank who are very much against this and this is why it's going to the high court in germany but you know when we have a slavery we often find liberation are and i want to turn to the fact that we do see liberation are happening and artists incendiary painting is his bank statement so the artwork in question is chase burning as you see the chase branch in van nuys california painted by alex shaffer is burning now he was out side the chase branch painting this when he was visited by police. and they asked him do you hate banks do you plan to do that to the bank now aleksey for the artists responded the f

this is one that cannot be monetized. this cannot be dealt with as a reserve funding and the structure we're looking at is we by the power first and without customers, and try to get rid of it. this is an area where there is unreserved risk. i am concerned that we're too aggressive here. i could hold this in abeyance but i wanted to identify this as an issue. especially if we are oriented to the most successful people first. the remaining 111,000 customers will be those who are least inclined to stay in the program. it is not an equally fertile back up plan. if you look at 75,000 as a percentage of the whole, that is an optimum rate of 32%. that is a number to keep in mind. this is a key risk element for us. i am inclined without further discussion to look at something which is more conservative -- a more conservative rollout plan that would cover that kind of risk. >> it is important to realize that some things can be mitigated. that is what we are doing with the program. >> 85% -- what does that mean? >> the firmed and

to come and monetize all of this bank that take it off of the bank's balance sheet the sovereign debt off of the bank's balance sheet and give some semblance of somebody of solidarity for the european nation i am telling you get ready for a protracted and significant increase in inflation both in europe in japan in the united states well let's look to the leaders of the united states one of them of course ben bernanke the federal reserve it's really interesting of course now that it's campaign season has begun and all the presidential candidates have sort of different takes on what should become of the federal reserve what the federal reserve should be doing let me get your take i'm not resigning i have i think that should resign as you all step down or resign how's that what you know you have to limit the you have this is all we need to do in this country this is a this is a market based economy ok this country is based on the principles of free markets so why do we allow twelve members of the f.o. and c. committee to dictate the cost of money inside an economy what a crazy idea that

that is being wrought upon us so you're kind of like the cézanne of arson yes yes is it maybe the monetyou know you know who was a big artistic revolutionary was a gustaf corbett a yes i've seen some of his works here in the museum i meet muse a d'orsay right here in paris a fantastic now you were visited by the police what how did that interaction go what did they say what did you say ok well when i set out to paint this painting i just brought my easel and my backpack full art supplies and i set up at a bus stop right across the street from the branch and you know you do a plane there painting it's like it's street art you're always dealing with people walking around and talking to you especially if you're doing urban landscapes you can avoid people and and it usually takes about three or four hours five hours to do to do a decent painting and. the response of the public of the people walking by on the sidewalk getting off the bus there was a lawyers office that i was painting right in front of they all got they all got it you know they they thought that's great they share their own y

they can completely manipulate the art market they can create art models they can capitalize and monetize that sort of thing and but it's a lot of art that really doesn't move people now you have a plans to burn any other banks yeah actually i've got a couple more chased. once i got a b. of a that's work in progress and i was going to go and just do a little small citibank today and to squeeze one in i mean i'm inundated with with calls and e-mails at the moment and so it's kind of like whoa i'm shifting my priorities a little here from being a nobody who just you know does whatever they want to having to answer all this media requests which is great but yet no i mean we're going to we're going to keep it up if i get that little piece done today and and it's and it's a little gem that i'll put that up on e bay and it will be all priced that at two ounces of silver so we'll start the bidding at eighty dollars. actually a choice of currency now there's a famous phrase liar liar pants on fire so keeping them at theme how about a lloyd blankfein or jamie diamond portrait with their pants on f

or at least attempt to monetize the situation a way which has never worked in the history of planet earth a lot of interesting points as always from micro pencil president of and so far only a.

we have a nice allocation to gold stocks because it is no secret anymore we're going to monetize or at least attempt to monetize the situation in a way which has never worked in the history of planet earth and that was michael pencil president of and so profile new strategies and coming up new in thirty minutes try davis is in his eleventh hour as a georgia part of board the knights his clemency despite claims that he was wrongly convicted of killing a police officer more than two decades ago in savannah georgia but despite the rejection of the death row inmate the last ditch plea his supporters still aren't giving up protesting tonight in new york and washington d.c. less than twenty four hours before his execution is scheduled coming up new at eight pm we'll talk to michael starke he was at the protest here in washington and is a member of the campaign to end the death penalty. and that is going to do it for now but for more on the stories we cover to go to r.t. dot com usa or check out our you tube page you've got our t. america you can also follow me on twitter at franzi.

monetize asian -- monetization. we talked about content generation and distribution judges. the third is, how do we get paid for that. there is a desire for monetization. maybe there is not such an emphasis on it for you. but how does it work there. >> we of services we sell. a lot of people join aarp for the products, services, and discounts. the number one reason they come back is for our magazine, which is fantastic. they love our content. the lesson there is, we do not have bay pay wall, because we got the extent we could get it out there helps bring people and and help people open their minds to being a member. that is our model. we want your membership and want to give you some great journalism, where you are going to get some products and services along the way. it is a bit like tehe bank. the way you get in is the discounts, but once you get and you find a reason to stay. your membership underwrites the magazine and the bulletin as well. it is not quite as direct as some of the other panelists. >> i think that too many newspaper publishers are looking for -- as many

it turns out that mini-mozart, mini-minnesota fats and mini-monet have a combined age of 20.that. prodigy. how good are you at the piano? >> well, i'm okay. >> reporter: just okay? >> i love it. >> reporter: 9-year-old emily bear is better than okay. okay doesn't get you to carnegie hall. okay doesn't get you this. >> one of my favorite things is when i played for the president. he was really nice. >> reporter: emily had been playing since she was just 18 months old. >> it was here. i guess -- her fiddling didn't sound like a kid. we were getting our kitchen painting and they were like, who's playing piano? then she'd waddle in in her diaper. >> reporter: now she's playing all over the world and composing too. and while she's playing, keith o'dell is sinking. nearly everything. keith, how old are you now? 3 years old? what do you like to play? >> pool. >> reporter: are you a good pool player? >> uh-huh. >> when he was like 16 months, 18 months, he used to sit and watch me play pool all day with his cheerios and his high chair. he just picked up a cue and started pocketing bal

1970s, a lot of things that people used to -- in the third world people used to pay for are now monetized, and it happened rapidly over the last 30 years. you talked about this in the radio interview. what i wanted to ask and when you mentioned that, the question that spoon in my mind is how much of that had to be imposed by the force of the state, and how much of that was market spreading sort of on their own accord? you say there's no market without the state, and is this -- is this viewed as a creation of new markets or just a different way at looking at something that's already been going on? >> interesting history. in fact, one way we've been able to reconstruct what must have happened in the far past is looking at the history of colonial world because there's a theory money arised spontaneously and money is a unit of accounting imposed by the state through taxation was considered marginal. what the guys did was what was said. the history of madagascar because i spent years there, in madagascar, it's clear. french government took over, and they said, well, you know, it's an economica

around the country where president obama is responding to the crazed republicans and their juvenile monetizeds. it's an attempt to basically broaden the issues in the election for all the millions of workers stuck in stagnant minimum wage, for the millions of workers who want to form trade unions against globalization. and they're not allowed to. for cracking down on corporate crime in the corporate crime wave for adequate budget. for stopping illegal wars oversea, for having single payor health insurance. there are all kinds of environmental issues, public reform, civil rights. all kinds of issues which will never be discussed. they will be completely off the table, blacked out, in a one man rhyme area. >>> be sure to watch the last word with lawrence o'donnell week nights at 8:00 p.m. eastern only on msnbc, the place for politics. >>> and now here is your first look at how wall street will kick off the day. the dow opens at 11408 after adding 7 points yesterday. the s&p lost 2 points. the nasdaq dipped 22. taking a look at overseas trading, in tokyo the nikkei was up 19 but in hong kong the

we're currently doing is we're looking to talk with the bank about if there is some way to help monetizet. i had that discussion with them two days ago. they're looking into that now to ensure that these things do not happen, that there's some other way to benefit the community. i think, in general, this is a fairly robust community development benefits agreement, particularly for this type of project. we talked to some other non- combat -- non markets, and they're basically taking our lead, the lead which we have taken from other city projects in terms of really getting into great detail about the benefits of a particular project and what it will generate for local community residents. i feel as though we're on the front burner in terms of innovation in this aspect of this particular project. i think i would like to go ahead and take any questions that you may have about the project. supervisor chu: thank you. i actually want to thank you for checking in with the bank in regards to how we hold the developer accountable. i know we had a conversation about what happens that those communit

. -- monetization perspective. >> we do efficacy. we find a lot of people join aarp for the services and the discounts, but the number one reason they come back is for our magazine, which is fantastic. they love our content. the lesson is we like -- we do not have a paywall because we thought the extent we get it out there helps bring people in and helps them open their minds to being -- that is an arm on the thighs asian model. we want to give you some great journalism. it is a blended model. the way you get in is from the discounts, but look at the great thing you get. once people get in people find that is the way they want to stay. remember ship -- your members of underwrites the magazine. >> too many old line newspaper publishers are looking for that silver bullet. local newspapers relies instead to print money for years, and they made a ton of money in classified. they made a lot of money in classified advertising. i cannot imagine that we used to pay for advertising. even in circulation. to many newspapers are looking for that

is actively monetizing counterfeiting europe's to keep european interest rates down that cannot last and you see the revolt in italy you know they were the yield on italian debt that's a year was around three percent just a few months ago and it went to six percent back to where we sent just a little bit ago the present and that is back to five point six percent today the e.c.b. is actively creating inflation to keep interest rates low and that cannot last so what happens do we see china come to the rescue of italy and greece i think you know i can't really predict what the chinese are going to do i can tell you if i were running china if i were the premier i would allow these countries to collapse and then what's their currencies collapse completely come on the back side kick up these assets and huge fire why should it. get elaine the collapse and not get a bailout from say china if the terms are good for the country. that's the people working at least terms big this would be a massive restructuring of all of your. there's going to be a huge bailout in capital huge for all the europ

how do you deal with monetizing you know what you are doing, particularly on line, in a way that can pay for that great journalism of which you are a part of? >> well i think part of the things we were talking about doing is trying to create communities of interest. organized around the subject. i mean i don't think you can look any more anymore at a mass audience. so you look for, let's find the people in chicago that are intensely interested in education and let's create a new centrist network kind of on line that really gets into good education coverage. can you find 10, 20,000 people, less than -1/2 of 1% of the population and cook county? county? can you find people like that would pay two bucks a week or good education coverage and then you have used that money to hire education reporters to go out and cover the subject and then they create the real good solid, good education coverage on line and then you create another -- out of that you cherry-pick through that and create a broader site for people that don't want to pay for it. can you go out and find people that are in just

consensus and it really shows what a democratic society can become when it's liberated from the monetization process for example i mean well. you if you it's the best way to describe it is that once you walk down the steps into liberty plaza park you notice a change in the atmosphere seven feet that way on the sidewalk of broadway were cops are lining every inch of it if you are sick and dying on the street you would be let to do that but once you get into the square you find yourself among the community that is specifically designed to keep the well being of its members and so really it provides a model of radical democracy that it hopes to export to the rest of the country that's great why the violent turn over the weekend. well i'd like to clarify that your description of it in the lead in it's not that the occupation of wall street turned violent it's that the occupation of wall street which remains nonviolent and has undergone extensive nonviolence training was subject to enormous violence by the police ripping women's hair out in spring women in the face with pepper spray unprovoked an

and what they're doing though is they're monetizing the deficits through the banks because that money is not just sitting there it's interest when they have done that if the government is spending the money to run the government but do you think that it's possible that the reason we haven't seen the type of runaway hyper inflation they you've been talking about for years is because a lot of the extra money that the front is that is printed is sitting on bank balance sheets and not being lent out but i'm talking about hyperinflation happening eventually not right now and of course that's a worst case scenario i think what's really stopping hyperinflation is foreign central banks continuing to support the u.s. dollar but with countries like china like japan or saudi arabia russia all the countries that are already in dollars come to the realization that this is a waste of money that they are undermining your own economies they're there in hoarding ards lesion by buying their currencies the dollar once the dollar really loses that reserve currency status and foreign central banks no long

government which alternately because the way the fed works the pheasant have to step in to do more monetize ation so all that just means is more and more loss of purchasing power for dollar holders if the chinese words with this word choose to disengage from treasuries and move into the european sovereign debt or the euro bonds which is what a lot of your advocating that they issue your bones in europe and it may bring the us closer you could argue to what many people get on the show today which is that all of the take is one fail bond auction for people to really question the u.s. dollar as the reserve currency but it shows how much broader this issue is than just greece but i do want to play a little story because we sent out one of our broadcast journalists here to go see what people in washington on the streets think is to blame for all of the market turmoil we've seen over the last several weeks a lot of this data driven by europe and affects the u.s. it's a very big picture it's very complex but who they blame let's see. i'm here on the streets of washington d.c. asking americans what

thousand to two trillion two point zero two four trillion in just two years in large part to re monetize the banks is this inflation time bomb just waiting to explode. that's a good question folks are are worried about inflation manno but but given the you know they'll be. lack of energy in the economy right now i don't know if inflation is going to be something we're going to see is as is a huge problem down the road i mean there are actually some people have raised fears about the fallacious because because the economy has been in the doldrums for so on. that certainly seems to be the big question is could could deflation come back your book the monster again a predatory lenders and wall street bankers fleeced american stronger global crisis in the minute we have left and how did the how did they do it. you know they did it with old fashion they'd switch salesmanship on a massive scale on a nation wide scale so those loans packaged in the end and pools of loans and then sold them around the globe sell them to california teachers retirement fund so into. these investments to villages in

now we're at a point where the fed is has shot all its bullets the only think it left it was just monetize the money all right and eventually they will do that but in order for that to happen you're going to see a real collapse of the economy and economic activity and the banks first most are going to see every interview i've had today everything ends with a collapse in the economy is what it needs to happen in order for things to get better and to shake out as they should according to everyone i've interviewed and that's unfortunate and that is what to me check a phoenix financial journalist an arche contributor believes as well now just by. all of this turmoil that we just went through with the banks with the markets today not to mention unemployment in this country nine percent for two years the u.s. is growth expected to be much less than expected i.m.f. cut growth estimates just earlier this week despite all of this the rich are getting richer forbes is just come out with this richest americans list just to name a few bill gates warren buffett bill ellison of oracle. the koch brothers

government which alternately because the way the fed works the feds and have to step in to do more monetization so all that just means is more and more loss of purchasing power for dollar holders if the chinese were to work through this engage from treasuries and move into a european sovereign debt or to euro bonds which is what a lot of you are advocating euro bonds in europe. that was richard fantasy economics blogger and r.t. contributor now we just the question of of what's going on it doesn't just fall necessarily on obama or you know anybody else for that matter when it comes to problems like grace which could affect the united states that's just one example but who do the american people blame because you know people in the streets know that what happens in greece is affecting us in the united states well that's what had set our broadcast journalist out to the streets of d.c. to find out here's what. i'm here on the streets of washington d.c. asking americans what they think it's a blame for the current state of the u.s. economy let's watch. would you say president obama simply is bush g

including google and facebook but also you know some of these newspapers they're looking for ways to monetize their readers and it's along the usually do that if you can tie together using a single identity all the different kinds of activities. and gauging across the internet and also in their real lives where again marketers have sort of huge databases on us so if you're trying to pitch to advertisers having someone is a real name and being able to tie that to all their online activity makes you a much more lucrative partner for advertisers than if you're just you know talking to you know wiseguy three twenty seven. ok so at the end of the day perhaps for some people this is more about money than this is philosophical beautiful idea of being still you know able to regain or i guess maintain our anonymity it's a distinct possibility i want think this is a debate every day here a lot more about throughout the next years joint thanks so much for joining us tonight and right. now still to come not obama's plotting to take away their guns that conspiracy theory is coming up in tonight's poll fin