on bretton woods and the global financial system from peter schiff he's the president of euro pacific capital peter thank you for being here now you know we have some of the biggest names and the economy gathered at bretton woods trying to remake the global economic order or so they say but do you get the sense that this is nothing more than a fancy burial funeral sendoff for the u.s. economy. well i don't really know what they're going to discuss i know what they should be discussing the problem for the global economy is the dollar dollar serving is the reserve currency and that is the problem because the dollar has no intrinsic value on its own if the prior to the dollar becoming the reserve currency gold was the reserve and gold has intrinsic value you cannot simply create gold out of that air it costs a lot of money to find it and extract it from the ground and so it's scarce and it has real value but you can print money out of thin air then burn act is doing and the united states is abused the privilege of issuing a global. reserve currency and we are exploring exporting our inflationary

as peter schiff president of euro pacific capital now the u.s. state department issued its annual human rights report today hitting hard at china and iran going to as well and all the regular usual suspects but the report came at a sort of interesting time in world history right amid the arab spring awakening or citizens across the middle east to talk to brutal regimes in many cases only to be silenced with bullets and missing from both the u.s. report and the mainstream media coverage is our own role questions about our own role in supporting these regimes and talking about egypt saudi arabia offering yemen three now to discuss this and much more is the legendary norman solomon he's the founder of the institute for public accuracy and the author of many books including this one here made love got war close encounters of the americas or fair state thank you so much for being here it's really quite an honor oh thank you i don't actually want to focus on this human rights report but i want to talk about is why there seems to be so little honest dis

during these have discussed it as peter schiff president and chief global strategist of euro pacific capital peter thanks so much for joining us tonight what do you say here rising gas and food prices inflation is this all transitory is it going to fly wait a month or two or do we have a much larger much more long term problem on our hands absolutely not in fact the way you know it's not transitory is ben bernanke he thinks it's transitory and beach since he's always wrong you can pretty much take it to the bank that inflation is going to get worse you know you mentioned earlier about the u.s. economy the data came out today that showed the economy grew by about one point eight percent but i don't think it grew on the contract i think there were understating inflation if you measure you wish. any other currency measure it is swiss franc maize really was the dollar is really the euro our economy is contracting measured in gold measured in silver and is going up the edge of a cliff if you measure g.d.p. and silver so i think that we're really going to get activity is contracting inflation make

pacific resort and spa. in israel. some hotel time periods in hotels jerusalem. this week's top stories metro blasts rocked the capital of bel roots killing thirteen and injuring hundreds of people believed to be behind a bombing are under arrest. yet a tour of a website that supports one of the world's most wanted terrorists has gone on trial in finland but it's over claims of smuggling people from the north caucasus into the country even though many want them to face charges of spreading extremism. the hype around russia's presidential election of two thousand and twelve is gathering pace with still no clarity about a candidate prime minister for this week said it's too premature to talk about the race stressing there is no rivalry between him and president may be added. and europe's and gauged in how to handle the wave of immigrants coming from the violence torn arab world italy's decision to offer tens of thousands of temporary residence permits is causing a stir in the e.u. as it's these are free travel might see the exodus seep into neighboring countries . time now for the sports of base with anger. hello there

pacific so brazil to spawn. in israel goodies available in cinema hotel for derrius solomon hotel jerusalem. past the hour ahead in russian capital headlines for you nato airstrikes hit the center of the libyan capital leading to more civilian casualties something street people reportedly killed as a proto dolphin forces are pushed out of the rebel held city of misrata but claim they'll be replaced by tribesmen. india's latest census reveals an alarming sex ratio exposes of boys and abortions when tens discover they're having a girl for the whole family's sons are considered financially far more attractive than daughters. and the u.s. pastor infamous for burning the koran is blocks from holding an anti islamic rally in the city described as america's muslim capital a call to ban the protestors and threaten to incite just hatred and for the violence. next we look at a russian republic where oil pumps give way to innovation response technology meet . just. hello and welcome to technology update this month we're in because it's the capital of the russian republic of the stone and a city of contrasts where religion saying cultures fr

pacific otoh going cold told her in cool clothes and an evening called a role in the radio. without a live from moscow now the substance and nato airstrikes have once again hit the libyan capital but rebels hope to cash in on their country's rich resources if gadhafi goes there are warnings that their actions and over zealous support of nato could invite a chain reaction of a civil wars in the region. it's almost twenty five years since the chernobyl disaster a possible new radiation leak at the site is attracting increasing concern distrust at fukushima showed how vital it is to be prepared for the repeat of a nuclear catastrophe. and a culture clash in for most russian art group breeds controversy after winning a state award for one of their works they say what they did was artistic protest but critics argue it's nothing more than obscenity and battles. the next we ask one outspoken british journalist why he thinks the country both in libya should have done so in the first place to stay with us. today i'm talking to kelvin mackenzie format itself the sun newspaper columnist he's spoken out against the military intervention in libya saying that maybe it's not worth an ounce o

capital. thirteen years after ryan's warning corporations led by the railroad barons would claim a huge victory in the eight hundred eighty six supreme court case of southern pacific railroad versus santa clara county when the court reporter john wait said that they had the same rights as persons since then the supreme court has quoted that reporters note which wasn't by the way what the court actually ruled almost forty times and from that point on with a brief reprieve in the early one thousand nine hundred thirty roosevelt as the tillman act again providing corporations and messing around in government from that point forward to now the rich and powerful were on the march to power america calm an eighty in the twenty ten citizens united case that miami hammered the last nail in the coffin of our democracy and you know over our system of government or corporate millionaires and billionaires a decision the democrats today are trying to overturn now more than ever we must listen to his constant she's chief justice edward ryan's warning soon we will have to settle once and for all the pressing question america who shall well rule wealth or man today wealth rules bu

pacific. it hit about 100 miles southeast of the solomon islands and was held mostly in the capital city. shaking continued for a couple minutes. the tsunami warning centers of the quake didn't trigger a tsunami. the country may have nearly 1,000 islands that lie in the arc of an earthquake and volcanic zones. >>> funeral services will be held for a popular fremont swim coach. joseph martinez died last week after falling at his home in san jose. he coached the boys and girls swimming teams and water pole polo team. the medical examiner says it could take up to six weeks to figure out how he died. >>> another protest is planned today at the site of what native-american tribal leaders call a burial site. tribal members say the area is a final resting place of many of their north american ancestors. they say some graves date back 3500 years. protests have been ongoing at that site for more than a week and today's event will begin at 1:00 p.m.. >>> skyrocketing gas prices have drivers very frustrated out there. what the president said this morning about possible solutions. >>> the maker of a

capital fund. even if they do that they still have to increase one-way fares by 255. pacificc company is sending out letters. pacific gas & electric co. has started sending out informational letters and safety brochures to 2.5 million homeowners and businesses that lie within about 2,000 feet of its natural gas transmission pipelines. the company has been under fire to provide more information about the location and safety of its natural gas pipelines in the wake of the san bruno explosion and fire. the sept. 9 pipeline blast killed eight people and destroyed 38 homes. >> mark: we will be right back with the kron 4 morning news, weather and traffic in just a few moments. yeah! boom! hi, i'm a stunt man. and i love watching me on at&t u-verse tv. i can record up to four shows at once on a single dvr. i can even record a show in this room... ...and play it back in this room. honey, i just vacuumed. [ female announcer ] call now to get u-verse tv for only $29 a month for six months -- hd-ready dvr included at no extra charge. or get $300 back via promotion card with a qualifying