deflation when the real economy loses well australian economist and debugging economics author steve keen has come to washington especially for us to tell us what it means and in the u.s. new jobs numbers disappoint again but the number of consumer and business bankruptcies are falling and could end the year at the lowest level since before the two thousand and eight crisis so good news well it may be due to rock bottom interest rates and meanwhile student loan delinquencies are rising so we'll look at the toll of too much debt still and ask how we reach the event horizon of a minsky's singularities sucking us into a black hole of all consuming debt i know pretty please let's move on because u.k. authorities opened a criminal probe into the attempted rigging of live war and u.s. bank regulator warns banks are taking in chris crease risks and their search for yield thanks to those banks there they go again you can never escape it they're manipulating markets profiting from ponzi schemes of gambling on higher prices yet there ignored in the models of economists who influence policy so how i

bailouts and reforms that make the situation worse because we have the debt deflation man himself steve keen he is world renowned australian economist he's come all the way from down under via toronto where he's been spending some time at the university of toronto to be here in studio to debrief us on all of this we'll talk banks debt fraud at the library scandal you name it and you won't want to miss it also on thanks so much for filling us in looking forward to it now does it for now for more on the stories we covered go to our you tube channel you tube dot com slash r t america check out our website our two dot com slash usa you can also follow me on twitter martin we'll see you back here in a half hour and what drives the world the fear mongering used by politicians who makes decisions to break through that sort of the pretty maid who can you trust no one who is soon to you who with a global machinery see where we had a state controlled capitalism is called sessions when nobody dares to ask we do our tea question more. oh sure is that so much going to be huge because it is a minute from

steve rudin? >> i am not keen on the hot and humid weather events on the way for the next couple days. for this afternoon, temperatures expected around 92-97, heat index reading around 100 degrees. nighttime lows in the '70s. tomorrow, even hotter, 95-100, heat index readings to 1005. chance of strong thunderstorms wednesday. -- heat index readings to 100 tomorrow. >> several lawmakers will announce the first ever federal safety standards for rail transit systems nationwide, including metro. the new safety standards are somewhat based on recommendations from the ntsb. the national transportation safety board recommendations include a minimum crash standards and improved evacuation plans and rescue features as well as requirements that all metro trains carry data recorders. metro officials are hoping for a smooth morning commute right now. >> this is after crazy weekend. twice this weekend computer glitches shutdown the metro system. there are back up plans in place. john gonzalez joins us outside the mount vernon square station with more on metro's proactive approach to making sure the