peter schiff as we have been talking about and as you have been talking about the u.s. has downgraded been downgraded by s. and p. their debt from templated double a plus did the s. and p. go far enough well of course not but at least they way so in the right direction you know it wall street parlance any downgrades get get the hell out you know they never like to put a sell out anything so you have to look at to go from a strong buy will buy it means you know look out below and so they did the minimum that they could do but really what s. and p. is saying as far as i'm concerned is get out u.s. debt any dollar denominated debt because what they're really downgrading is not treasury bonds but the dollar because s. and p. knows as alan greenspan said it warren buffett said they don't have to default they could print but that's worse especially if you're a bond holder and you get paid back with monopoly money and so what this means is that all debt in dollars should be downgraded whether it's treasuries uni's corporates you name it it's pay you back in dollars get rid of

saying we're headed towards a recession we'll speak with renowned investor and financial expert peter schiff and search of answers. over marie they get a sense of right peter broder. every day on the hill and that pretty much sums it up with things like this that americans are going to extremes to big first grabs will take you to detroit or precious metals or a lifeline. you seem to be acquitted of killing her two year old daughter robyn gardner went missing in aruba two weeks ago and shocking news the mainstream media misses yet again this time for getting a little three year old wall looking to hot blonds for big headlines. good afternoon it's friday august nineteenth four pm here in washington d.c. i'm lauren lyster and you're watching our t.v. well more stock market turmoil today and what has been needless to say a volatile week meanwhile gold keeps soaring to new highs reaching almost nineteen hundred dollars an ounce today now remember once upon a time gold was just thirty five dollars an ounce meanwhile u.s. treasury yields collapsed to a seventy year low this week two and a venezuela

market saying we're headed or in a recession we'll talk to renowned investor evangel expert peter schiff for answers . and one man's trash is another man's life line with this that americans are going to extremes to beg first graham's take it to detroit where metals are a precious lifeline. too soon to be acquitted of killing her two year old daughter auburn gardner went missing in aruba two weeks ago and shocking news the mainstream media misses yet again this time passing up a little three year old favor of hot blondes for big headlines. good evening it's friday august nineteenth eight pm in washington d.c. i'm lauren lyster you're watching r.t. all right so is america taking a page from the u.k. and blocking social unrest through social media or even better a page from egypt or syria the new york police department has formed a new unit to track troublemakers who plan or brag about crimes on twitter facebook my space social media and remember last week we saw authorities shut down the san francisco bars cell phone system to preempt a protest that had even happened earlier i spoke to so

of our house and things aren't going to cyprus have really appreciate highly recommend this peter schiff radio dot com check out the video the videos check out his radio so if you want to get a little alternative to the mainstream cowing to the government line on the economy peter seth is their man and that's a.

schiff, you talked about how the data from dr. warf's cases and u.s. noaa satellite data showed a correlation between climate and hydrocephalus and that infants get sick at intermediate levels of rainfall. why is that? do we know? >> we don't know for sure yet but it's very substantial and points to an environmental component to this which we'll need to understand and then take into account to know how to rationally reduce the numbers of infections. there are other serious infections in the world where this type of rainfall link has been shown. the one that's most famous is called melioadosis, a terrible skin infection in southeast asia and northern australia. the bacteria is so nasty it's on our select agent list now. in speaking to doctors who worked that out, they had to learn how the soil temperature and soil moisture allowed that bacteria to get to the surface at certain times of year and infolk people directly. those are the kinds of things, if we need to do that here, it's straightforward and will give us the answers to design good preventive me

schiff? >> chairman smith, and congressman payne, thank you very much for the invitation to testify today. i'm a pediatric neurosurgeon that started by career practicing at the children's hospital here and now direct the center at the university seeking solutions to problems that lie at the intersection of medicine, engineering, and science. i've known dr. warf for many years. and hearing of his efforts to address childhood illnesses, i was with him in 2006 to see how our screening center might help. it was apparent that he and his colleague were inundated with cases of postinfection hydrocephalus. at that time, they had treated over 1,000 patients without being able to culture any of the cause of organism in their laboratory. i asked dr. warf what the single most important problem that he faced at the hospital. he said finding out what causes these cases. i have developed most of my professional effort towards seeking those answers. we began by bringing specimens back to penn state and threw

confidence that to investors party is more important now reporting there from new york meanwhile peter schiff president of investment strategies company euro pacific capital says analysts are blind to the recession that's taking place right now the u.s. economy either is already in a recession or is headed to one rapidly you know if you remember back in may two thousand and eight bring economists were confident that the u.s. economy was going to avoid a recession and as it turned out that recession began in the fourth quarter of two thousand and seven are incapable of predicting a recession even six months after it begins where you know we never really got laughed at and we kind of interrupted it with some stimulus spending but now we have even bigger problems to deal with i think we're facing in which we begin downturn coming up in the one that we went through in zero eight zero nine so i think a lot of banks including u.s. banks really are in the song but the only thing that keeping them propped up is probably free money from of those too low but if interest rates are allowed to return to w

of economics where the gold rush still gets people high costs this time march goes to zero three schiff where the local government is giving the power back to the people. where every last one will be undone fixed so the locals turn their land to occur as paradox will come to fruition if the close up on r.g.p. . the observed nature and discover its buzy. meet. communicate with the wyoming under. test yourself and become free. and. see what nature can give you an on see the. folks. in india she's available in the movie joyce people chose the villains the gateway photo the grand imperial college the top western coast coromandel you can allege hotel close leisure hutto seductive to go and talk list rather since the kennel was a hotel as a retreat. the headlines on r t the un calls for restraint in libya made reports of abuses and alleged summary killings by both rebels and gadhafi forces there's also concern of the country's chemical weapons could fall into the wrong hands in the bloody civil war. france's struggles to balance the books stagnating growth and surging debt bring about governm

. >> representative schiff, the republican argument, simply put, the senate could act here, they say. speaker john boehner said clearly in a statement, the only reason so many jobs are at stake, to use his language, "is senate democratic leaders chose to play politics rather than pass the house bill." so, what is, do you believe, the biggest obstacle right now for democrats? >> well, i don't buy that. basically, the house majority took the position that my way or the highway and sent the bill to the senate without reaching any agreement and then left town. what we ought to do is, frankly, in this near-term emergency, is we should pass a short-term clean extension. we've done that 20 mes in the last four years. there's no reason we can' do it a 21st and avoid these layoffs. then we can come back and hash out this rural airport issue or this labor issue that seems to be the sticking point between the house and senate, but it's completely irresponsible if you can't work out those policy issues to hold up the faa and hold up the public and hold up these jobs. so -- >> an -- >> we don't ev

falsely grade these things that two trillion dollar error supposedly according to our body peter schiff this was an assumption that certain growth parameters would be met that there's no way in heck any of that growth parameters will be met this is a straight up and straight down. forward honest to goodness report there is no true trillion dollar error made the right call the fact that they're now being vilified by the people that they made the call against doesn't invalidate the call well i'm talking about the mortgage securities when they raided the mortgage securities that have exploded and across the entire global economy the s. and p. raided all of those goldman sachs c.d.o. as a way to them triple a they redid all of those things aaa that they sold to french banks german banks swiss banks italian banks all those things blowing up economies were rated aaa by s. and p. they were but they were also rated aaa by moody's they were rated aaa by fitch those two are not being investigated as far as we know at the moment because it's only s. and p. that has downgraded u.s. government debt

hold the house you've got sixty tea party members in congress you've got rand paul rand paul peter schiff marc faber doug casey all of the great austrian economists and thinkers predicting all of this you've got two hundred million dollars in spending over ten years from copeland ations for smaller government republicans you've got atlas shrugged movies internet access to everything and what you end up with with all of these stars aligning to minimize government no smaller government and frankly larger government oh ok but look this is us in the people are going to away from this with some form of realisation like are you suggesting that in high school classes across america where they're discussing current events and and wouldn't couldn't avoid an initial like this that children are asking their teachers wait a second how can spending go up by nine hundred billion dollars at least in the immediate short term because of this bill and taxes don't go out and that they're getting some kind of these an answer. well the answer that they're going to get is probably from the same teacher who's c

businesses which ben bernanke these they still can't get loans here to help us answer that is peter schiff president of euro pacific capital they so much for being here peter nice a c.e.o. or so you are now we know that quantitative easing in the past has helped wall street it's helped washington but how does that help everyone else average folks who are broke and don't have jobs well it has to be the reason that we're headed back into recession is be cost. to you know money previous not the solution to our problems it's the source of our problems you know i was on record before any of the wall street columnists saying you q e three was a certainty i knew it was coming because i did it two weeks you didn't work and i knew that rounded learning from its mistakes the people so then who want another round of q.e. help because we're here involves three banks call for it. well you know if you mentioned it earlier it helps the government get bigger it helps the government borrowing and spending but that doesn't help the economy the government is too big and spending too much the fact that the fe

into thirty minutes on the show but keep the feedback coming and tomorrow we're going to have peter schiff on the show and coming up we've got some more exciting guests in this coming week a lot of stuff we've been working on and dance and tomorrow we might even be declaring world war three and it was that's our show for tonight thanks for tuning into adam versus the man to stay out of rhythm and i probably won't i'm guessing topics and find me on facebook and twitter as always get me at adam adam which is the man dot com.

we have to make sure we realize that yes this is a victory because tea party patriots did schiff theebate. however there's so much more work to do to get the economy back on the right track and restore the exceptionalism that is america. >> greta: that does take some time. we can't there a switch. we have to work into any sort of change. in whatever direction. i see this as a significant change the people are talking about in this country. the only thing in terms of this deal, there is that balanced budget amendment vote on the side, which i think is a significant victory. wouldn't thing i'm curious about, i think most of the cuts are in the back end after the he -- after the election which the republicans and democrats care about because they don't want their constituents cut. i don't like that it was pushed through at the last minute while they go off on their five week recess and nobody has read it. i want people to read it and think about it. >> right. a couple of thing there is. one is obama did get what he wanted in terms of not having to deal with this issue until after the el

we have to make sure we realize that yes this is a victory because tea party patriots did schiff theebate. however there's so much more work to do to get the economy back on the right track and restore the exceptionalism that is america. >> greta: that does take some time. we can't there a switch. we have to work into any sort of change. in whatever direction. i see this as a significant change the people are talking about in this country. the only thing in terms of this deal, there is that balanced budget amendment vote on the side, which i think is a significant victory. wouldn't thing i'm curious about, i think most of the cuts are in the back end after the he -- after the election which the republicans and democrats care about because they don't want their constituents cut. i don't like that it was pushed through at the last minute while they go off on their five week recess and nobody has read it. i want people to read it and think about it. >> right. a couple of thing there is. one is obama did get what he wanted in terms of not having to deal with this issue until after the el

we have to make sure we realize that yes this is a victory because tea party patriots did schiff theer there's so much more work to do to get the economy back on the right track and restore the exceptionalism that is america. >> greta: that does take some time. we can't there a switch. we have to work into any sort of change. in whatever direction. i see this as a significant change the people are talking about in this country. the only thing in terms of this deal, there is that balanced budget amendment vote on the side, which i think is a significant victory. wouldn't thing i'm curious about, i think most of the cuts are in the back end after the he -- after the election which the republicans and democrats care about because they don't want their constituents cut. i don't like that it was pushed through at the last minute while they go off on their five week recess and nobody has read it. i want people to read it and think about it. >> right. a couple of thing there is. one is obama did get what he wanted in terms of not having to deal with this issue until after the election that

. >> the first book on my reading list this spring and summer was transfixed by stacy schiff. what a great insight in recounting her life. is a book that was recommended to me, and so i decided to pick it up and read it and then continued with a strong woman fema, if you will, with "elizabeth i," by margaret george. that's on my ipad. i'm reading both of these as e-books. i have gone back, doing these, "cleopatra" and "elizabeth i," it got me onto the historical and older novels type approach. and with my bible study group i am rereading "pilgrim's progress," which is delightful, to get back into that. it

. >> reporter: so enduring that pulitzer prize winning author stacey schiff's recent biography of cleopatrarter: seems we can't get enough of a clean who had liaisons and children with two roman legends. julius caesar and his loyal general mark anthony. she was also the wealthiest person of her time. how rich was cleopatra? what did she control? >> i once asked one of the great helenistic historians that question, he said all of the hedge fund managers of yesteryear rolled into one. >> reporter: you'd be surprised to learn that klee owe pat... cleopatra didn't come from a long line of egyptians. she was descended from the greek general ptolemy who served under alexander the great. it was a dynasty in which sisters wed brothers, royal incest. >> cleopatra's parents were probably siblings. she has one set of grandparents. in cleopatra's case the younger brother was ten. it's very doubtful the marriage was consummated. he is eliminated in the civil war that the two of them go on to fight. >> reporter: she was actually losing that war against her brother when, as a 1963 movie starring elizabeth

peter schiff is professor of your and president europacific and larry glazer. mayflower advisors.ic and we have a few minutes to figure out if we'll see the demise of democracy. so good luck to us all. peter, do you think there is a link here? a lot of debt will deed to the destruction of democracy? >> absolutely. the framers of our constitution warned about perils of democracy. that's why we were established as a republic with a lot of safeguards to protect us from democracy. unfortunately a lot of the safeguards have been removed. unfortunately politicians to get elected promise something for nothing. we created a dependent class and borrowed money to provide for it. europe made the same mistakes. when you compound that with the fact that u.s. and europe, we decided unfortunately to bail out all the banks of a the financial crisis and we assume that debt on top of the debt from social welfare states and governments are broke. they have to level with the public and tell them that the gravy train is over. that is happening in europe now. it is going to happen here in the united st