here's what peter schiff had to say. consumption is the reward for economic growth it doesn't cause growth it's production it's because all this stuff was manufactured that we get to consume it and you're right most of the stuff that people bought on black friday or cyber monday was produced outside of the united states and so foreign economies generated those that production and they basically sold it to us so they're unfortunately we're having to borrow the money to pay for it but also i think if you look at some of the deals that were being offered i'm not even sure how much money a lot of the retailers actually earned because in order to get americans to buy stuff they really slashed prices to the point that make their money and sold some stuff at a loss how much sure but they were really giving away the store in many respects so you know they got revenues but did they actually get profits i mean it still remains to be seen yeah and deals are not and the reality is americans can still continue to buy their stuff on t

public debt is destructive whereas the dollar collapse people like peter schiff have called for we asked them and who does warren buffett think would make a great treasury secretary charlie rose asked. the point to jamie diamond service charge well i mean you're diminishing the i think you'd be terrific because i think he i think he. if we did run into problems with markets i think he would be the best person you could have in you know the old what are we in an alternative alternate universe the london whale commander in chief would be a great person to graduate to the treasury oh my let's get to today's capital account. this is after you that the us has been on printing money expanding the fed's balance sheet making money free since the financial crisis how some pundits predicting paper inflation but a funny thing happened on the way to hyper inflation the u.s. dollar index instead of collapsing has gained value since two thousand and eleven instead of saying interest rates spike we've seen u.s. treasury yields collapse by over sixty percent since the two thousand and eight crisis to a

krugman and what i would like to say that this has ignited it peter schiff paul krugman debate because peter's fireback so hey great to have them both on but that's it for today that's all we have time for thanks so much for watching be sure to come back tomorrow and in the meantime you know you can follow me on twitter lauren lyster you can like our facebook page watch us on you tube or hulu and have a great night. more news today violence is once again flared up. these are the images the world has been seeing from the streets of canada. trying to look for asian to rule the day.

with a little more of the real paul krugman and what i would like to say that this has ignited it peter schiff paul krugman debate because peter's fireback so hey great to have them both on but that's it for today that's all we have time for thanks so much for watching be sure to come back tomorrow and in the meantime you know you can follow me on twitter at lauren lyster you can like our facebook page watch us on you tube or hulu and have a great night. news today. these are the images the world has been seeing from the streets of canada. showing corporations rule today. plays well with. science technology innovation all the latest developments around russia. the future. led mission free cretaceous three times for charges free to make amends three risk free studio time free. download free broadcast quality video for your media projects a free media. dot com you. play. a clip.

krugman and what i would like to say that this has ignited it peter schiff paul krugman debate because peter's fireback so hey great to have them both on but that's it for today that's all we have time for thanks so much for watching be sure to come back tomorrow and in the meantime you know you can follow me on twitter lauren lyster you can like our facebook page watch us on you tube or hulu and have a great night. mission free cretaceous free in-store charge is free to make humans free. three stooges free. download free broadcast plug in video for your media projects and free media oh don the hard teton tom. will. science technology innovation all the list of elements from around russia we've got the future covered.

krugman and what i would like to say that this has ignited it peter schiff paul krugman debate because peter's fireback so hey great to have them both on but that's it for today that's all we have time for thanks so much for watching be sure to come back tomorrow and in the meantime you know you can follow me on twitter lauren lyster you can like our facebook page watch us on you tube or hulu and have a great night. the great russian laureates. prevailing over houses and asperity. to reenact an epic parade through paris. can they complete their triumph. with people's admiration for two hundred years. old with of load. off. the. parents versus social workers docu nabby the last stop me that kidnapping children have become prizes to fight full why does the last threaten families of a social for if you see me in the frame of the right of will hold me more me faith in what they have any kind of suspicion about the will be more fuel for your children are often a just better at bringing up kids than their own mom and dad. from what we have an industry that is so. concentrated on the other fo

krugman and what i would like to say that this has ignited it peter schiff paul krugman debate because peter's fireback so hey great to have them both on but that's it for today that's all we have time for thanks so much for watching be sure to come back tomorrow and in the meantime you know you can follow me on twitter lauren lyster you can like our facebook page watch us on you tube or hulu and have a great night. do we speak your language or not at the. news programs and documentaries and spanish what matters to you breaking news a little tonnage of angola's kidneys stories. you hear. all te spanish find out more visit i to allahabad all tito is calm. a one. legged. and. good lumber touring jim mccurry was able to build a most sophisticated robot which all unfortunately doesn't give a darn about anything tim's mission to teach me the green.

the economy's health at all we'll discuss and earlier this week we asked the natural commentator peter schiff about his hyper inflation calls. i know that you're saying you can't predict when this is going to happen but why haven't we seen that happen well you know i guess i still say the hyperinflation is the worst case scenario. that interview received traction from a certain new york times economist will discuss in loose change let's get to today's capital account. today we'll forget about the fiscal cliff for a moment and talk about some other deadlines approaching that may create a potential regulatory cliff for investors threatening that they may fall off unless they seek the safety of government debt i'm talking about changes in f.d.i.c deposit insurance as just one example and while investors may be perched on what we're calling a regulatory cliff of sorts big banks are able to crawl back from the ledge with the help of timothy geithner's treasury geithner is making some major moves before he has for the door and one which we've seen recently is the final word that foreign exchange sw

shows on you tube or on hulu come back on tuesday we'll have a debate between mike shylock and peter schiff but for now have a great night. live live .

the economy's health at all we'll discuss and earlier this week we asked financial commentator peter schiff about his hyper inflation calls. you know that you're saying you can't predict when this is going to happen but why haven't we seen that happen well you know i still say there.

shows on you tube or on hulu come back on tuesday we'll have a debate between mike shad locke and peter schiff but for now have a great night. wealthy british style the stock. market. is going to. find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines to report. more news today violence is once again fled the film these are the images the world has been seeing from the streets of canada.

important to ask whatever happened hyperinflation we talked to one of those hyperinflation is peter schiff on the show in just a few minutes right laurin thanks for that update but that is going to do it for the news from our in the stories we cover our you tube channel you tube dot com slash our team america our website our t. dot com slash usa and you can follow me on twitter at live the wall will be right back here in a half hour. technology innovation all the developments around. the future avar. oh thank. you an education was. wanted.

shows on you tube or on hulu come back on tuesday we'll have a debate between mike stead locke and peter schiff but for now have a great night. to least be told language. programs and documentaries in arabic it's we'll hear on all t.v. reporting from the world talks about six of the p.r.p. interviews intriguing stories for you here. in trying. to find out more visit our big don't know it's called. parents versus social workers docu nabby b.m. labs dot and me me that damn good many children have become prizes to fight for why does the last threaten families of the social forward to seeing the theme of they have right up your home anymore they feel that they have any kind of for suspicion about the world will feel for your children are also ninjas better at bringing up kids than their own mom and dad. using what we have an industry that is so. concentrated on the ground for trade to. i've. lived . i've. i've. lived. lives . live. if. it. would be soon which brightened if you knew about someone from finest impressions. please for instance on t.v. dot com. the great russian warriors. prevailing ove

you tube or on who will come back on tuesday we'll have a debate between mike stead locke and peter schiff but for now have a great night. we'll go live. to look at the world pass you by as the best and brightest take my kids gather in moscow some came to work while others came to play to get up close and personal with devices that recreate masterpieces and skin russian treasures from inside and from space to keep us safe from oil spills and forest fires unleash your inner gadget geek as i just search for the next big thing in the computer world and rushes over giants one tumor is good he's going to take the fight straight to their competitors want you here on along we've got the future cover. download the official publication. choose your language stream quality and enjoy your favorite.

the economy's health at all we'll discuss and earlier this week we asked the natural commentator peter schiff about his hyper inflation calls. i know that you're saying you can't predict when this is going to happen but why haven't we seen that happen well you know i guess i still say the hyperinflation is the worst case scenario. that interview received traction from a certain new york times economist will discuss in loose change let's get to today's capital account. today we'll forget about the fiscal cliff for a moment and talk about some other deadlines.

this is fun because we have dimitri to add his wisdom to intervene peter schiff this week about his hyper inflation predictions which he's been calling for since at least two thousand and eight and dominic's kaleri tweeted me to say sorry capital account i listen to shift almost every morning and he's always said hyperinflation is a worst case scenario so to make sure what you think about that i mean that is true but i guess the question is how long can you kind of qualify such a bold prediction well where you get need to be called out on it i mean i don't know exactly that specific thing but i think where i think peter shifts and i can sympathize with me and i made this mistake as well in two thousand and eight i give too much credit to the increase in base funding. not enough to the effect of the banking system and bank lending and additional forms of affectively what is money so i thought that we would get inflation a lot sooner or with greater. expansions another was so i think there is room there for her future and i think we're all right when we don't criticize which that's a questi

people buying stuff at wal-mart that was probably manufactured a broad really help we talk to peter schiff and the white house announced president obama will hit the road to sell his plan to avoid the fiscal cliff to the public c.n.n. reports while senate majority leader harry reid today said he is disappointed with the little progress made in recent debt talks according to stand b.c. now what we know the u.s. public debt is just struck divs where the dollar collapse people like peter chefs have called for warehouse and who does warren buffett think would make a great treasure he secretary charlie rose asked. according to me dominance are good choices well i mean you're going to be i think you'd be terrific because i think he i think he. if we did run into problems with markets i think he would be the best person you could have in you know. what are we in an alternative alternate universe the london whale commander in chief would be a great person to graduate to the treasury oh my let's get to today's capital account. the directory that the us has been on printing money expanding the fed's

i would have to wait and see when that day comes but in the mean time that was peter schiff we'll hear more from him after the break also still ahead should we really trust warren buffett suggestion to make jamie diamond the head of the he was treasury someplace that's like a suggestion from the twilight zone but we'll discuss that in tonight's least change first your closing market numbers. the e.u. the little. lead. lead. little. little any legs. if. i. was sure was the same i should have been a huge musician i think my remark was revolutionary for a dictator in the making of president mohamed morsi is presidential decree spending him wide powers has reopened the debate about. parents versus social workers document being the last stop any mean that many children have become prizes to fight full why does the law threaten families of the social order to see in the form of they have a right of willful minimal faith in what they have any kind of for suspicion about . world war three of your children are often a just better at bringing up kids than their own mom and dad. and from what we

i would have to wait and see when that day comes but in the mean time that was peter schiff we'll hear more from him after the break also still ahead so we really trust warren buffett suggestion to make jamie diamond the head of the he was treasury someplace that's like a suggestion from the twilight zone but we'll discuss that in tonight's loose change first your closing market numbers. are sure is that so much of him and there's a huge music issue on the market revolutionary rate dictator in the making president mohamed morsi the presidential decree spending employed powers has reopened the debate about. parents versus social workers docu net being the last stop get clammy me now and stop kidnapping children to become prizes to fight why does the last threaten families of a social thought if you see me in the form of they have a right of will call minimal me faith but they have any kind of suspicion about the well being or food off your children are also just better at bringing up kids than their own mom and dad in some other we have an industry that is so. concentrated on the other

peter schiff is here to tell us why going over the cliff could be a good thing. dagen: the defense secretary ordering an ethics review for military officers. general david petraeus prepares to testify about benghazi in front of congress. connell: the founder of five our energy will answer questions about this report that his product may be linked to 13 deaths. and lead mcgraw on the oil market reaction to attacks in bas and the david petraeus scandal in charlie gasparino on the white house c e o meetings. dagen: so much to get to. after that computer glitch grounded its planes nationwide united airlines saying it is up and running. nicole petallides on the floor of the stock exchange. what is normal about the stock reaction? nicole: very normal stock reaction. this is a stock that started with the arrows and traded as low as 1960 interday and coming back and had a high of 2018 and all the rest of the airline stocks i have been checking, delta, up arrows, and continental under pressure today. below the 1960 we are at 1976 and it is not far off of the low, and a na

. >> peter schiff says bernanke and the fed pose a bigger threat to the u.s. economy than the fiscal cliff. >> if it wasn't for his accommodation, all the qes, we wouldn't have to go over the fiscal cliff. in fact, ultimately, because of what the fed has done, we're going to have to go over a much bigger cliff as part of the solution to solve the problems that the fed helped create by allowing the government to get so big. >> is that fair, craig? >> it certainly is fair that long-term, what we've done with monetary policy could be a challenge. it could be a very big challenge. i don't think saying that if we -- if the fed hadn't done what they'd done, you wouldn't have to go off the cliff. i think you still have to deal with the fact that government spending has been too fast over the past -- well, since the recession ended. our gdp has grown at a rate of around 900 billion, while debt has grown at 1.7 trillion on an annualized basis. so at the end of the day, you have to deal with that. we've been living beyond our means as a country for too long and at some

so have a listen to what peter schiff had to say to us earlier today. >> the chinese stock market has been weak for several years. as i said, it's a long-term story. i believe that the pendulum is swinging in the right direction in china. i believe they're moving from total government in a direction of freer markets and capitalism. >> now, those comments you just heard from peter, they really don't reflect what i'm hearing in the chinese mainland. one analyst that i talked to up in beijing says that he's just completely gone out of the market and he's just putting his money elsewhere, and we're hearing that -- i mean, the volumes are very low. we can see that investors are voting with their feet. last thing i want to tell you, and this really puts it in perspective, is that your returns would have been greater had you put your money in greek or spanish stocks than you had the shanghai composite. >> that's a great point. and by the way, when it comes to talking about the shanghai weakness, how much of this reflects the composition of retail versus institutional investors? >> well, that

schiff? >> i need to correct the record here. i don't think there was any indication that the white house ordered anything taken out of the intelligence assessment. peter don't think that's accurate. there were assessments that were given to us -- >> talking points -- >> wait. one at a time. congressman schiff, continue. >> we had a variety of assessments and indeed, we've got now a full binder of the raw intelligence data that we have gone through, some that makes specific mention of who they think might be involved and others that don't. but there has been no indication that the white house somehow ordered or deleted specifics from our intelligence assessment or said we can't go into this or try to shape it or politicize it. i just don't think that's consistent at all with what we've been informed. >> congressman king? >> talking points were prepared by the intelligence community, that were prepared for that weekend, for ambassador rice and others, said that there was al qaeda -- there was direct al qaeda involvement in the attacks. when the final talking points were printed after they left the intelligence community, that was taken out of the talkin

i'll bring in congressman adam schiff a democrat from california who is on the select committee on intelligence. representative, peter king basically saying yet more questions are arising from petraeus's testimony. what can you tell us about david petraeus's testimony this morning? >> i think he gave us a very candid assessment of his initial thoughts based on the best intelligence when he originally briefed us and how the assessments changed over time. and i think he and others have completely debunked the idea that there was some politicization of the intelligence. there's never been any substance to that charge. i can only surmise that, you know, this was a campaign era attack and some of my colleagues just can't let it go. all the evidence to the contrary they just can't seem to let it go. you know, people respected what he had to say today. many of us value the contributions he has made to the country and are sorry to see him go but, again, there is simply no there there. yes, they made errors in their initial assessment. that is going to happen. we have binders full of the raw intelligence. we can see why those

schiff, good friend from southern california. you can follow him on twitter twitter @repadamschiff. we will put the link up on our website. peter the social media world? >> peter: weigh in on facebook.com/billpresshow. on twitter black cat says bar barack is taking the fiscal cliff message to the people. isn't that what democracy is about? for these people think he is campaigning, this is democracy in action. >> i love the fact that mitch mcconnell and john boehner are whining about the fact that president obama is out on the road again. this is what ronald reagan did. >> exactly. exactly. oh, yeah. absolutely. and it's part of the job. >> yeah. ? >> you would hope that the president is engaged in a dialogue with the american people on the issues that are central importance to the country. >> called the bully pulpit. he won it. he was talking to a colleague of yours in the house the other day. and i mentioned, you know, because just butefore you guys came back, got here to save us from going over the fiscal cliff, and he said why not go over the cliff? it's not a cliff. it's a slope. if you look at it, the immediate impact won'