the new york fed gold is either there it's hypothecated four hundred times over you know whether the germans will get it back or not i think that these things live in the world of political management as opposed to what's more important which is i've said ever since i first came on and spoke you which is that while masses is the people that the people go out there and effectively get ahead of the curve and stop by physical themselves and i think they can dictate the political route here and i don't think that that necessarily will be the case of course the americans have lots of military hardware to back up a potential confiscation of other nations gold but i see that as a fairly extreme potential possibility or outcome all right let's do a little of forecasting last year you were talking about a two thousand dollars gold price and a lot of banks to our raising there their targets for gold and they're now ready to get to that seventeen hundred twenty one hundred dollars per ounce level what are your thoughts for twenty two are thirteen do you still say two thousand in the cartoon or

however sixty percent of that bully on a cell at the new york fed and this has been confirmed at the bundesbank so in a currency war as some call it it might be difficult to get back gold back and certainly countries like venezuela are aggressively repatriating their gold and countries are talking about getting their gold back into their own countries is there are risks that the u.s. or some of our good declares financial martial law keeps germany and other european goal in new york won't let it go and and part of this emerging currency war your thoughts well if the chrissy remains in power. the way it is at the moment who knows i suppose the possibility they could try that. the german buying are you ready the retail side the german people you know sort of going of the top of their government in the way they govern the behaving in a buying physical inside themselves over a role the big if the most important thing i thought it's for him whether or not. the new york fed gold is either there it's hypothecated four hundred times over you know whether the germans will get it back or not i

on the edge of buildings saying i'm god i could fly but that's tim geithner he's owner of the new york fed i'm flying look at things in titanic he's a titanic the entire economy sinking anything is getting a hug by leonardo dicaprio while payout by investment bank equating to two hundred thirty eight thousand per employee provokes anger among unions in the u.k. but you always do the same accept they have they would have to go off planet to pay off all the derivatives they've spun now well look i mean the unions are upset but the unions have no place at the table the unions have been. taken out of the equation many years ago this is a battle between savers versus speculators that's the battle unions and jobs are gone it's only about people who have capital want to save and get an interest rate on savings versus borrowers want to low interest rate on those things to borrow and speculate to build out actually max ok this brings me to the next species the banker and that's the global organizations like the i.m.f. and world bank because the i.m.f. christine lagarde said that we need to bring un

the flesh amongst those who perhaps maybe don't know who he is the the billionaire owner of the new york fed the new jersey nets is he is somewhat a familiar face in moscow and st petersburg he's going to to the the far east of this on the far east of the siberia to try and show his face there to make sure he can talk support as for the other candidates we've seen that image and also given the lib dems and setting it off from a russian speaking in the duma just behind me to say they are the leaders of their respective parties the killing of support in their own way as is as a gun off from the communists so it is starting to slip into next year as we approach that election on the fourth of march. well one of the leaders of the international terrorist organization. has been killed in russia's north caucasus republic of chechnya during a counterterrorist operation he was also the head of the largest underground network in the republic known for carrying out multiple attacks across the north caucuses the man was responsible for an explosion at a local market in vladikavkaz on september twenty te

that risk want to be the new york fed was sort of the bomb and shield asked me do you think that the world cup or twenty teams can change something in this i'm sure i'm kind of percent sure after the world cup russia will be much better not just in the national team but also in the club competition and they will learn a lot from this and it's good for the country because it'll be a new stadium of snow airports new streets new hotels i think it's fantastic for russia the world cup will be here and i wish after the world cup i'll be russia because that will be the time to be here. manager done professionally speaking there with constantine to top off in the season now revenues russia have reached the finals of the under twenty world ice hockey championships beating heist canada six five an hour. real thrill in calgary the russians have been six one up from you but the host then stormed back with a full goal within five minutes in the final period to set up a really tense finale however russia did manage to hold out on the defending champions when i face sweden in the final they came do

that risk want to be the new york fed was sort of the bomb and shoot asked me do you think that the worldtwenty eight team can change something in this i'm sure i'm hundred percent sure after the world cup russia will be much better not just in the national team but also in the club competition and they will learn a lot from this and it's good for the country because it'll be a new stadium of snow airports new streets new hotels i think it's fantastic for russia that the world cup will be here and i wish after the world cup i'll be russia because that will be the time to be here and i was about manager dan prescott speaking with artie's constantine for top of in the season now let's switch to tennis and the cats are open why defending champion roger federer has brushed aside twenty ten win in a kind of a. it's reached the second round the swiss maestro also beat the russian in last year's final missing period again this time around federer able to breeze through the gate inset in the mia twenty two minutes taking it sixty genco was unable to regain his composure after that poor start with

that a school in to be the new york fed was sort of the bomb and he'll trust me do you think that theworld cup and twenty teams can change something in this i'm sure i'm kind of percent sure after the world cup that i shall be much better not just in the national team what also in the club competition and they will learn a lot from this and it's good for the country because it'll be a new stadium of snow airports new no streets new hotels i think it's fantastic for russia that the world cup will be here and i wish after the world cup i'll be russia because that will be the time to be here how do you think chelsea will do next season. i think everything will depends on the transfer will be as much as tonight as these all are strong and they already been buying to replace. at the moment chelsea is doing nothing and even if they change the coach only the coach cannot change the needle so in my opinion some players to win the champions league and when the tide thank you very much has been a pleasure. now in other news russia have reached the final of the under twenty world ice hockey cham

the flesh amongst those who perhaps maybe don't know who he is the the billionaire owner of the new york fed the new jersey nets is is someone a familiar face in moscow and st petersburg he's going out to the the far east of this all of the far east of the siberia to try and show his face there to make sure he can talk support as for the other candidates we've seen them but unusual and also given the lib dems on sunday but also from a russian speaking in the duma just behind me to say they are the leaders of their respective parties they turning up support in their own way as is zyuganov from the communists so it is starting to slip into the next year as we approach that election on the fourth of march let's take a look now at some other news from around the world in brief this hour a blast let's take a few more procession outside baghdad killing at least thirty one people and wounding sixty they expose a stock as mourners gathered to bury a person killed a day earlier there have been more than two hundred deaths since the beginning of the year with increasing sectarian attacks. american tro

billionaire owner of the new york fed the new jersey nets is a is someone a familiar face in moscow and st petersburg he's going out to the the far east of this all of the far east of the siberia to try and show his face there to make sure you can jog support as for the other candidates we've seen that image and also given the lib dems and setting it all off from a russian speaking in the duma just behind me to say they are the leaders of their respective parties they joining up support in their own way as is as you got off from the communists so it is starting to slip into next gear as we approach selection but on the fourth of march. peter out of their valley you're in florence moscow is never too far away now is tonic into. in march than jesus he takes the streets of italy in search of a slice of russia. there's been a russian orthodox church on the site since my theory three built by the russian community i'm sure in time artists suffered considerable damage over the years but was restored several times elegant and exotic in much is the city's cultural heritage perfectly reflecting

are really plays well at the very least a guy who was deeply involved and the federal reserve in new york fed has oversight of of wall street directly over the entire build up of the mortgage bubble the financial crisis at the very least that person should not be the secretary of the treasury so do you have any faith that he won't replace them with somebody just like i don't i mean you know they'll be laughing as if he goes in and the answer will daley anybody any brains and somebody else maybe just maybe just as bad but it almost can't possibly be worse than them having somebody that was deeply involved in all that continue to try to clean up the mess and not be able to do anything about it we're able to say when he makes a better job hopefully exhibitor anthony thanks so much for joining us tonight. well coming up next in the show you some shocking statistics on private prisons holding on documents and immigrants we're going to take a look into opposition research and the industry that can make or break political campaign.

previously he was head of the new york fed. the government bailouts during the financial crisis. the government watchdog group says u.s. taxpayers are still owed almost 133 million dollar billion dollars in bailout money that haven't paid the government back. starting this morning, listed plane ticket prices are hundreds of dollars higher, it is not price hikes, starting today airlines are being forced by the government to advertise the price they actually charge including all those extra taxes and fees they tack on. at the new york stock exchange, i'm jane king with the bloomberg business report. >>> apple once again the most valuable company in america after reporting huge ipad and iphone sales tuesday, apple's stock rose nearly 6%, value at 415 billion dollars. you can see exxon stands at 414 billion. microsoft is a distance third at 247 billion. mac world kicks off today in san francisco more than 20,000 apple fans are expected to gather at the annual world expo. mac world runs through state at theok mosconeyç center. >>>

and new york fed president bill dudly saying the growth in the fourth quarter not expected to repeat in the first half of 2012. >> you answered my follow-up question, which would be who got it right, jamie dimon or ben bernanke. >> i don't think it's necessarily decided yet. we don't have the data for the first quarter. there's very limited data in so far. it is possible that some of the better consumer sentiment numbers we've seen and some of the better jobs numbers we've seen could lead to additional consumer spending and business investment in the months ahead. it's just the expectation right now if that big inventory chunk goes away, if government keeps declining, that it's going to be hard to do 2.8 again. >> steve, thank you very much. >>> just moments a fitch downgraded belgium, italy, spain and other countries triggering a bit of a selloff in the euro. all of this as the markets are bracing for that big summit of european leaders on monday. the debt crisis of course front and center. our chief international correspondent, michelle caruso-cabrera, has a preview and perhaps wha

this is a movement back in new york. the fedan agency that was formed 100 years ago by banks and continues to work for the preservation of the current banks to this very day. in fact, the federal reserve without any consent from us has pumped $8 trillion into the banking system during the financial crisis. $30 trillion at its peak revealed in the audit. our bills as a country in access of $61 trillion and all of this happening with a complete desert of investment in our own nation. down a trillion dollars bank lending over the past three years as we have given trillions to the banks. the 99% suffocate in that desert of investment. the 1% reap the harvesting of our wealth. joining us now, a leader in the occupy movement nomi prince, who was once an executive at gold man saks. give me a glimpse of the message of the protests, what is the point of highlighting this institution in this way? >> the federal reserve has been, as you mentioned, historically the bank of the banks. but in no time in its history has been it been so militan

a figure was put out by the new york fed that listed upwards of $550 billion in the united states.s group lists bailout recipient, along with current instability for the national economy. is this a feasible challenge for the president to undertake? what about an election year, where 72% of voters are in the primary? guest: it is absolutely smart for the president to do. he is talking about helping people with their debt. that is what americans want to hear right now. solutions from washington, d.c.. the problem is that it is not feasible from a legislative perspective. i saw a clip this morning that there were 984 roll call votes in congress, in the house last year. only 12 members voted on all of those. this year it is likely to be lower. there are not likely to be a lot of legislative package is moving through congress, because it is election year. tensions are running high and that is how it works in washington, d.c.. the president can go out there and say -- look, this is what i want to do with student loans. host: are their estimates as to how big of a rule -- of a role the yo

. >> we'll go live to fox business network in new york to talk more about the fed's prediction for the >>> treasury secretary them they geithner says he may be looking for a new career. we'll be right back. ♪ i'm feelin' subway ♪ let's go [ male announcer ] hey, capital area! are you feelin' subway®? then heat up your day with the big hot pastrami melt! it's fresh toasted and piled-high with pastrami, then topped with pickles, mustard, and cheese. head into a subway® restaurant today for this melty, mouthwatering sub! ♪ let's go [ male announcer ] from our nation's networks... ♪ ...to our city streets... ♪ ...to skies around the world... ♪ ...northrop grumman's security solutions are invisibly at work, protecting people's lives... [ soldier ] move out! [ male announcer ] ...without their even knowing it. that's the value of performance. >>> welcome back. treasury secretary tim geithner says he does not expect to stay on the job and we have some good and bad news from the fed depending on how you look at it anyway. lauren simonetti is live in new york with this morning's business beat.

he had been at the fed in new york in october 2008 bailing out everybody in sight. general electric got bailed out. morgan stanley, goldman sachs, all of the banks got bailed out, and the architect of that bailout then becomes the secretary of the treasury. so it's another signal to the financial markets that nothing ever changes. the cronies of capitalism are in charge of policy. >> you name names in your writing. you identify several people as the embodiment of crony capitalism. tell me about jeffrey immelt. >> he is the poster boy for crony capitalism. here is ge, one of the six aaa companies left in the united sates, a massive, half-trillion dollar company, massive market capitalization. i'm talking about the eve of the crisis now, in september 2008. suddenly, when the commercial paper market starts to destabilize and short-term rates went up. he calls up the treasury secretary with an s.o.s., "i'm in trouble here. i need a lifeline." he had recklessly funded a lot of assets at general electric capital in the overnight commercial paper market. and suddenly neede