and late one nine hundred seventy two and i.m.f. committee on finance ministers and central bankers met to discuss monetary reform and according to an a.p. report the committee of twenty eight will be working to build a more flexible system and then the dollars one special status as the chief reserve currency but this isn't happening because the most important commodity in the world which is crude oil would be rising all only in u.s. dollars whether this was by design or accidental this would allow the us. price inflation to be contained and in essence at exported inflation to its trade partners so what has been the net effect of billing king the dollar from gold well since one nine hundred seventy one the us dollar has lost more than eighty percent of its value and the supply of money has inflated upwards of nine hundred percent we'll have to wait to find out but one wonders if the slope on this chart can accelerate forever and that's how we break down the money. it is time now for our daily joining me is prime interest producer gr

supported in the one nine hundred forty s. what do you see as the outcome of all the quantitative easing well i think we see the risk of a sort of uncoordinated on the ground wing of the international monetary system you you had after the financial crisis world leaders like britain's gordon brown and france's president sarkozy calling for a new bretton woods but we're seeing less and less coordination over time and that could kick start a currency war as countries try to increase net exports through depreciation put again if they're unable to do that then they may pursue more overt protectionist trade barriers i'd like to talk a little bit more about the history of brain waves and from the description and your book that there seem to be quite the political and they're taking even in the choice of location and why why is it that this global economic conference took place inside a small and down town in new hampshire. president roosevelt was determined not to make the mistakes that president wilson made after world war one in pa

what we saw in the one nine hundred forty s. at bretton woods was a more competitive dollar which is exactly what we're looking for today in the one nine hundred forty s. all the market pressure on the u.s. dollar was upward so by obliging other currents currencies to fix to the u.s. dollar we were actually hoping to beat the u.s. dollar and down over the past ten years of course we've seen downward market pressure on the u.s. dollar baeza be some key emerging market currencies particular in particular china's currency so when countries like china peg to the u.s. dollar they're actually keeping the u.s. dollar higher which is why we support floating exchange rates now as opposed to the fixed exchange rates we supported in the one nine hundred forty s. what do you think of the outcome of all this quantitative easing well i think we see the risk of a sort of uncoordinated on the ground wing of the international monetary system you you had after financial crisis world leaders like britain's gordon brown and france's president sarko

but this happened in one nine hundred forty four and before today and intel nine hundred forty five so why did this gathering take place for a post war two economy before the war even ended well president roosevelt in particular was not interested in international monetary figures was very interested in sending a political message to the enemy axis powers that it was the united states and the allies who had the compelling post-war vision he actually believed that this would help bring the war to successful earlier conclusion. there are also some major political figures that participated in the conference one of them was john maynard keynes who represented the british interest and then harry wyatt representing the interests of the americans both seemed like unlikely diplomats how did their personalities play out in the conference they couldn't of contrast the more hairy hairy dexter why it was the lithuanian jewish immigrants his father where the hardware peddler john maynard keynes was born of upper middle class cambridge academics and when they came together it was quite explosive. th

what we saw in the one nine hundred forty s. at bretton woods was a more competitive dollar which is exactly what we're looking for today in the one nine hundred forty s. all the market pressure on the u.s. dollar was upward so by obliging other currents currencies to fix to the u.s. dollar we were actually helping to keep the u.s. dollar down over the past ten years of course we've seen downward market pressure on the u.s. dollar baeza be some key emerging market currencies particular in particular china's currency so when countries like china peg to the u.s. dollar they're actually keeping the u.s. dollar higher which is why we support floating exchange rates now as opposed to the fixed exchange rates we supported in the one nine hundred forty s. what do you think of the outcome of all this quantitative easing well i think we see the risk of a sort of uncoordinated on the ground wing of the international monetary system you you had after the financial crisis world leaders like britain's gordon brown and france's president sark

and late one nine hundred seventy two and i.m.f. committee on finance ministers and central bankers met to discuss monetary reform and according to an a.p. report the committee of twenty eight will be working to build a more flexible system and then the dollars one special status as the chief reserve currency but this didn't happen because the most important commodity in the world which is crude oil would be rising all only in u.s. dollars whether this was by design or accidental this would allow the u.s. . price inflation to be contained and in essence it exported inflation to its trade partners so what has been the net effect of dylan king the dollar from gold well since one nine hundred seventy one the us dollar has lost more than eighty percent of its value and the supply of money has inflated upwards of nine hundred percent we'll have to wait to find out but one wonders if the slope on this chart can accelerate forever and that's how we break down the money. it is time now for our daily joining me is. time interest producer gre

billion only nine of it is actual profits. to this accounting tool they used was this intended to make headlines so are we starting to see the possibility of freddie going back to the private sector again that's not really in the cards policy wise at the moment a lot of hedge funds and a lot of private equity people are buying up fannie and freddie shares right now thinking early telling people that they think that that could be in the cards that if they do amount of dividend payments to fannie and freddie are paying the treasury if that ever overcomes the amount that they were sent to prop them up then maybe the becomes an option for the government to actually spin them off recapitalize fannie and freddie for the housing finance system in the future well fannie and freddie are required to cut their investment portfolios by fifteen percent per year now if the companies do you go private again could this hurt the company well those that wind down is more in their investment portfolio it's the private mortgage bonds the whole so

reported at one hundred twelve point nine billion dollars surplus is ahead of expectations of one hundred seven point five billion dollars for the future might not be so rosy of the treasury is expected to run a deficit again next month we'll talk about the u.s. debt and budget with abby martin the host of breaking the sat in just a day. and what a way to close the week for jamie dimon earlier the fed began investigating j.p. morgan for energy market shenanigans and shareholders threatened to pull diamonds from the board but yesterday the state of california filed suit against the bank alleging new a rampant robo signing fraud and this time it's not about mortgages but credit card debt what's next on a loan anyways as the result of the suited to bank giant estimates it could face sixty billion dollars in losses beyond reserves already set aside that's about one wells worth of hedging that are giving school. and finally after taking years to simply define what a swap is under john brain the commodity futures trading commission is close to another landmark how to make electronic markets for

the post nine eleven world. oh. let me let me let me ask you a question. here. is one thing we have our lineage. to believe is the site of the spanish staying there again here in the situation where the talk about the surveillance. the of. the latest destruction across the corporate media this week is the case of the three missing girls that were just found and the moment they were found was for. news happy they're alive it's a crazy story indeed but did it merit this study. found alive is a story made for the movies playing out in real life story one of many kidnapped separately as just two years ago. this is a special edition of starting point we are live in cleveland and there are burning questions this morning about the living hell that three women were forced to endure during a decade in captivity we are continuing to follow the breaking news out of cleveland today amanda berry one of the three women in cleveland who was held as a captive for nearly a decade has just returned home three women who are missing for about a decade are finally free you know that

bush that nine eleven happened that's nonsense it's not true. john. now that we're going to show breakaway reply to that after our short break stay with archy. they're ready to come here to work and not get paid for it. people from all over the world are eager to help the taj what does it take to become a volunteer at russia's premium museum why do the son of the movie's director come here. from one of the camps do. behind the scenes of the hermitage on r.t. . oh. please. welcome back to cross talk where all things considered i'm peter lavelle to remind you we're talking about the benghazi affair. ok we had to go to you raymond said something about what you've said in the past but i'd like to before that point out or ask a question how many terrorists like a like this kind were in libya before this happened before regime change. well i think when hillary clinton and her advisors decided to bomb and to bomb libya and depots the. khadafi that there were relatively few terrorists there now it's teeming with terrorism reminds me of iraq there were very fe

documents before nine eleven there was seven briefings from a high level. intelligence officers to the bush administration so i mean i'm not i don't believe that they it was acts that i mean i believe that they were well informed and i don't know the attacks could've been prevented that we had the apparatus in place to prevent the attacks that's not what this conversation about the conversations about how much are we spending in two thousand and fourteen president obama's allocating one point one five trillion dollars in discretionary spending all right out of that fifty seven percent military i mean you've got to look at the world spectrum and say do we need this military budget do we need this military surplus the iraq war alone or three trillion dollars one hundred i mean so when you when you're looking at how much money we're sustain around the world we have nine hundred bases and one hundred thirty countries we're giving sixty million dollars to honduras every year to fund their death squads i mean are these things that we could be doing but i think on

both stocks and bonds they had record levels last month previous such records include one thousand nine hundred four and two thousand and four both in the middle of helping both market but also seeing bond offerings that limit protections for the bond buyers so called the covenant light offerings is it time to jump on board the new things your name will see finally watch out c.e.o.'s because the security and exchange commission has a new a software that detects financial reporting fraud the new accounting quality model was recently deployed as spearheaded by as you see chairwoman mary jo white and the cohen foresman chief george kanellos and arrest me who are both from deborah boys and clinton at the white shoe box firm that defends companies accused of accounting fraud among other things and here is what's in your prime interest. now fannie mae and freddie mac. were taken into conservatorship and two thousand and eight when they received over one hundred seventeen billion dollars. in taxpayer bailouts now there's been a lot of headlines about fannie and freddie's record profits last qu

in one thousand nine hundred nine the exxon valdez oil tanker carrying fifty three million gallons of crude oil ran aground in prince william sound spilling oil into christine alaskan waters. exxon developed its own proprietary chemical compound to disperse the oil. they called it correct and correct contain another chemical capable of breaking apart the oil in the small droplets that would sink below the sand and water that chemical was to talk c f and all the known side effect to become a coal was damaged to red blood cells. left local residents were left with albie choose fisheries and long term health problems. for the next twenty years dr riki on track that helped of local residents and tested the alaskan water and soil during the last of the least worst use the dispersants worst friday. which leads. us to a great year to solve the plastic raise your right and eagles good bird rashes blood here it is the urine was sickly to this day the sickest ones are the ones who use the dispersant. own. emission free recruiting take to free transport chargers free. range month. free. free. fr

eleven world i mean we're talking about a budget allocated to the military that's doubled since nine eleven and you can even argue that nine eleven it wasn't necessarily a failure of intelligence it was it was just a failure on the part of the administration it wouldn't necessitate growing the budget double creating two giant new agencies the department security the transportation security administration these two things were completely unnecessary they've done nothing except grow this massive bloated budget surplus in the military which two agencies or you were very department of homeland security i think was a completely useless budget i'm sorry a useless agency because it has we there's no threat of terrorism facing this country you're more likely to die statistically is slipping in the bathtub and you are a terrorist attacks or to create this mall to a billion dollar agency in the wake of nine eleven to try to catch terrorists on the home front i just think is not working it's just coupled with the massive growth in the surveillance state which are seen the erosion of our privacy

bush that nine eleven happened that's nonsense it's not true all right john. now that we're going to show breakaway reply to that after our short break stay with. us. and not get paid for it. people from all over the world are eager to help. what does it take to become a volunteer at russia's premier museum why did the son of a director come here. from one of the camps to. behind the scenes of the. a little worse if you're going to pay off my house or give it to a radio guy in full audio from a cricket they all want to watch closely to give you never seen anything like this i'm told. me he believed. her place. was overlong . welcome back to cross talk where all things are considered i'm peter lavelle to remind you we're talking about the benghazi affair. eleven ok we had to go to you raymond said something about what you've said in the past but i'd like to before that some point out or ask a question how many terrorists like like this kind were in libya before this happened before regime change. well i think when hillary clinton and her advisors decided to bom

led coalition sanctions throughout the one thousand nine hundred in iraq that people are going to be angry people are going to be upset if you blow people up if you destroy their lives destroy their families destroy their cities destroy their infrastructure they're going to be angry so this is just a natural thing if you go around poking fun at cessna around the world you're going to get stung in a very terrible way and until we understand that we really are not going to have any success in quoting these miners and of course the army what if what the army the engineers they're not capital they don't build malls they they break things and blow up people how on earth could they possibly rebuild something is like asking a wrecking ball to be an architect or a of war to get terror i mean war is terror so it's just an absurd concept to be fighting a war on a tactic that we are the biggest perpetrators of in the world with the global had your mom let's talk about money because we here as them it's still stuff on that the iraq war cost eight hundred billion dollars maybe a trillion dollars

bush that nine eleven happened that's nonsense it's not true. good way to do a show break i'll wait for a reply to that after our short break stay with r.t. . as. we speak your language another day of. school music programs and documentaries in spanish matters to you breaking news a little tonnage of angles kittens stories. you hear. all teach spanish find out more visit eye to eye on t.v. dot com. they're ready to come here to work and not get paid for it. people from all over the world are eager to help the what does it take to become a volunteer at russia's premium museum why did the son of the louvers director come here. i'm one of the cats do. behind the scenes of the hermitage on r.t. . more news today in harlem says once again flared up. and these are the images cold world has been seeing from the streets of canada. the giant corporations are on the day. dangerous experiments on prisoners they want to make money and they have to use healthy guinea pigs in the regular society they're not able to use prisoners i mean more they wish they cou

jewish nine eleven changed everything like that i'm not nine eleven we were talking on september eleventh two thousand and two everything that a frightened little man in the white house at that time three thought there were ample lost their lives when planes blared into the world trade center was something that was a horrific crime scene was i mean look do you want to at all damage is just so and so unique and so you're saying off because because eighteen people or seventeen or whatever it was be decided to do a horrible crime that we should give up our form of government those eighteen people to basically the tip of the iceberg as far as the entire terrorist network on a global scale who wants to kill americans and destroy our way of life we have to do we have to do folks i mean we're not as far as i'm concerned based upon the information of study we're not violating any laws we're staying true to the geneva conventions we're giving the detainees all the rights that they deserve our american all so even if they've been found innocent which eighty six of them have been did they have the r

hundred nine with the u.n. sex truth commission which found that it was genocide extermination of the shield my own people. and the trial proceedings began in two thousand and eight with people doing research and finding all of these facts and the fact that. it actually happened you know he was the first he was the first leader of a country the ex head of state to be tried for genocide successfully in this case in his own home country so just an enormous pressure from from people and victims' families just pressing over over the years decades rather you know he maintains a defense that he didn't commit these atrocities rather his army did what hard evidence actually links him to the murders. you know current president. was the each field commander under an alias tito i.b.s. at the time and there are documents proven were found and brought up in the u.n. back in the u.n. truth commission in one thousand nine hundred nine they said real smart put out these orders that within followed by otto put his money and the

hundred nine the nikkei traded around thirty eight thousand nine hundred fifty two or something andthen in the twenty year cycle to two thousand and nine it dropped to something like seven thousand five hundred and change that was a drop of eighty two percent and twenty years. corresponding the dow has gone the other way so you know the dow still has room to run to the upside but how how much can a bubble inflate you know it depends who has the boy it's a ponzi scheme which is what this is it's a massive ponzi scheme and i explain it in detail in the book is you know you replace the old dummies with new dummies and as long as you have money flowing in then it's going to go well if you have a printing press even better in till you get a bond market repudiation which is what is going to happen eventually people are going to say like in japan ok enough is enough i don't want the japanese bonds i've lost thirty percent and and we've discussed this before i've lost thirty percent of my currency with these bonds and now the yield is the yield is going up so the price is going lower so i'm

the late one nine hundred eighty s. there has been rapid growth within the us s.d.i. program that was not predicted by the office of the actuaries what has caused this growth and beneficiaries and can this growth be sustained. so what happened was there was a crackdown on people who were abusing the system in the early eighty's and there was a backlash to the crackdown so what ended up happening is as people were taken off the disability rolls who were misusing the system a couple of people who were genuinely disabled to work in the middle of that and so there was a public outcry and congress passed a law called the social security disability benefits reform act of one thousand nine hundred four which changed dramatically the eligibility criteria for social security disability so it used to be you had to prove that you were really in capacity you had a stroke you had cancer or something like that but according to the new rules if you had back pain if you had mental distress you could qualify for disability benefits also you could use your own doctor's opinion your own

hundred thirty nine to forty three. using the renowned brand gun carrier armored vehicles. the club members but the biggest emphasis on the atmosphere in the camp and pay strict attention to the everyday life of a soldier from that time. that. they. do want to be accurate and we do want to be serious but not over serious because we are paying respect to the people who were in the desert war we are living history group rather than a reenactment what we do is we try and show. the public how crude tried to live a normal life in an abnormal situation and during the war but i think the nazi uniforms i think the japanese uniforms i don't think the time is now i think when all our veterans are our way then i think yeah i believe that we should be doing or showing uniforms that make them suffer. germany greets the russian convoy with gloomy weather and cold rain. to drive a swath of it every few hours to meet the shuttle and arrive in time for the meeting in the old saxon town of torgau. here on april twenty fifth one thousand

hundred forty nine not as a unitary state but as a federal state a union of strong states that's why we have the bundesrat it which is historically established as but various initiative cuba prior to the establishment of the federal republic of germany states were independent but very adult in its constitution on december the first one nine hundred forty six when the country had not yet recovered from the war but still bavaria held a referendum and adopted the constitution and then in three years the federal republic of germany was set up project that there were separate states this historical fact should be taken into account and of course every state has the right to consider this massacre. thank you very much for talking to me pleasure to speak to you ok it was a pleasure for me. it was built on coal. fuel for its factories. koku for its steel. cold as it will and heat for its people. join me james brown to meet them and spend their lives underground and work in one of the world's most dangerous profession soon. for. woodlands. coal naughty. download the official. language stream

france one nine hundred thirty one england one nine hundred thirty three the u.s. and so on they they sort of took turns you say why don't we all hold hands and jump out of the airplane at once in other words if the if japan and the u.k. the u.s. and the e.c. be all east at the same time under bernanke he's theory you'll get the stimulus but you won't have a currency war because they're all pretty at the same time in theory the know the relative values the course rates in terms of trade comparative advantage shouldn't change very much just that everyone gets ease or not he came up with a new name for this instead of beggar thy neighbor he calls it rich the neighbor there's only one problem with actually the law he's theory one of the problems is the c.b. one place i think the u.s. u.k. and japan are on board with the c.p. is not but believe in that's one side it's still a currency worse if you have the gene for against the g sixteen there's still losers just because the u.s. japan u.k. and maybe the e.c.b. agree on something the losers just so you know south korea

truth commission in one thousand nine hundred nine they. put out these orders that within followed by otto put his money in and then going back to our yes. so there were so he did actually give direct orders for for that activity let's talk about the crimes i mean what exactly happened because obviously he was only accounted for seven hundred but i heard there i mean i've read that there's reports of way more deaths than atrocities they couldn't directly link to him well during the thirty six year civil war as you said the numbers are hard to point and you don't really want to use numbers such as a body count to understand something that has deep human impact but he ruled for fifteen months and one thousand nine hundred eighty three and during that time he carried our operation so for you which was the continuation of a scorched earth policy and acted by a previous government and in that time included actually to do so executions as well as the targeted extermination of entire villages and you know this does hold enormous significance obvio