real estate expert ron silver men calculates the cost you are talking in recent years over probably every year transfers hungry. dollars hundreds of billions on grids. billions. from the pockets of the poor. who are far better. show called victims to go up are one percent of the population thirty percent. america's returns to well that didn't interest in capital gains five years ago they'd raise their proportion from thirty seven percent to fifty seven percent and today it's estimated that the upper one percent of america's population. is almost seventy percent of the returns to. the percent seventy percent that's huge yes that is it's unprecedented it's essentially it makes america look like a third world banana republic thank you. pocket having to lobby a barrister. ironically bear stearns was also the billions of dollars they received in the bailout did not go to the company's cheer holders but to those to. it was the deal that ultimately saved the creditors to bear stearns by forcing it into j.p. morgan at the expense of equity holders michael hudson points out to the homeowners and c

payment of debts that many take this to mean that only gold and silver shall be money in the us your thoughts you know this is typically what ronpaul says. on nationwide t.v. all the time that the constitution says that only gold and silver are going to legal tender it's just not true that is in the section of the constitution which is referring specifically to to other powers to the responsibilities of the states and in fact beyond that there is no state anywhere at any time that paid its debts only in gold and silver so that aspect of the constitution has been ignored and then according to constitutional law it becomes moot at that point ok so that's what we'll call put that under the heading of myth buster this idea that constantly cited in the constitution if you look at all of our closely it's not actually wanted says i want to move on at the moment the banks issue the credit currency that we see out there we've seen that the banks have used this power basically to steal wealth from the population but the banks also all in control congress so if a gold standard were implemented would it be the same corrupt bankers engineer

libertarian and yet they hate big point they'll say the only goal is silver our money why are they wrong to dismiss bitcoin frank ron sink money as i was saying people agree on voluntarily to use as a method of accounting or media mix of exchange it's a libertarian on very much in favor of gold and silver it's money but it lacks some critical properties which we need in everyday life things like divisibility into very small amounts or the military to transfer money over large distances. because maybe not the perfect system but it can be used very roe as a replacement for fear of money and very nice properties thinks like there is no inflation in bitcoin there is no central authority issuing bitcoin ok that's fair enough i mean the comparisons are are excellent to be made with gold and silver they have a lot of many of the same attributes but as a medium of exchange right now there's something i think you could call the encrypted public domain that big point supports and expands and now you've got a whole group of people around the world serving that encrypted public domain frank broad tell us a little bit about the

ron emmanuel thinks students of good teachers get high marks on standardized tests students of bad teachers flunk, but as with most silverer things a teacher is doing, all of the other factors that can influence a student's test scores factors in his or her life, like poverty, illness, hunger, troubles so i think it's time for ron emmanuel to recognize reality, to stop picking on teachers and start showing them a little respect. that's my parting shop today folks. i'll be up at the book signing in buffalo friday evening. we'll see you here tomorrow. >> announcer: this is the "bill press show."