as i've said for years the bank of england are indeed like the taliban but only because they provided the safe haven for the of banking fraud is trapped on the debt pact suicide vests and blew up the entire frickin economy. and that same taliban central bank is now papering over the bloody aftermath with little pieces of digital paper that explain more we turn to stacey or when max first of all i did look at jihad and i'm sure the n.s.a. knows i looked it up on google and the definition provided by google was that it's a war of struggle against unbelievers so this is important for the rest of this episode this notion of unbelievers which i think we should return for the west as disbelievers nobody believes their lies and fraud anymore vince cable calls bank of england capital taliban vince cable has stirred tensions within the bank of england by apparently comparing policy makers to the taliban over restrictions imposed upon banks well first of all let me say something which is that i coined the term financial terrorists and now here comes vince cable glomming onto my toy attic charac

capital taliban vince cable has stirred tensions within the bank of england by apparently comparing policy makers to the taliban over restrictions imposed upon banks well first of all let me say something which is that i coined the term financial terrorists and now here it comes vince cable glomming onto my toy attic characterization of the bank of england and all the banks and the u.k. as financial terrorists by creating this term of capital g. hottest but of course he's misapplying about term the banks of course they would need capital reserve requirements to be functioning banks in a free market system you don't want banks involved in ponzi scheme economics like vince cable is proposing like vince cable is perpetrating like vince cable is supporting by saying no we don't want minimum capital requirements for banks we want financial terrorism so that cable now has become financial terrorists number one they used to be george osborne but no vince cable your financial terrorist number one you love that right for stealing my material without attribution that right there is a copyrigh

s business secretary vince cable as compare the bank of england to the taliban and to the hottest vince made this comparison not because of their reckless quantitative easing nor because of their overlooking bank fraud and infinite retired profit cation that is to say because they are indeed terrorists now vince cable saying that the bank of england are jihadi he's for insisting banks have minimum capital reserves vents. as i've said for years the bank of england are indeed like the taliban but only because they provided the safe haven for the he hardy's of banking fraud is trapped on the debt pact suicide vests and blew up the entire frickin economy. and that same taliban central bank is now papering over the bloody aftermath with little pieces of digital paper that explain more we turn to stacey or well max first of all i did look at jihad and i'm sure the n.s.a. knows i looked it up on google and the definition provided by google was that it's a war of struggle against unbelievers so this is important for the rest of the episode this notion of unbelievers which i think we should retu

s business secretary vince cable as compare the bank of england to the taliban and to the hottest vince made this comparison not because of their reckless quantitative easing nor because of their overlooking bank fraud and infinite retired profit cation that is to say because they are indeed terrorists now vince cable saying that the bank of england are jihadi he's for insisting banks have minimum capital reserves vince. old boy as i've said for use the bank of england are indeed like the taliban but only because they provided the safe haven for the jihadi of banking fraud who strapped on the debt packed suicide vests and blew up the entire frickin economy. and that same taliban central bank is now papering over the bloody aftermath with little pieces of digital paper that explain more we turn to stacey or well max first of all i did look at jihad and i'm sure the n.s.a. knows i looked it up on google and the definition provided by google was that it's a war of struggle against believe hers so this is important for the rest of this episode this notion of unbelievers which i think we sho

capital taliban vince cable has stirred tensions within the bank of england by apparently comparing policy makers to the taliban over restrictions imposed upon banks well first of all let me say something which is that i coined the term financial terrorists and now here comes vince cable glomming onto my toy attic characterization of the bank of england and all the banks and the u.k. as financial terrorists by creating this term of capital g. hottest but of course he's misapplying about term the banks of course they would need capital reserve requirements to be functioning banks in a free market system you don't want banks involved in ponzi scheme economics like vince cable is proposing like vince cable is perpetrating like vince cable is supporting by saying no we don't want minimum capital requirements for banks we want financial terrorism so this cable now has become financial terrorists number one they used to be george osborne but no vince cable your financial terrorist number one you've earned that right for stealing my material without actually beautician that right there is

the governments we vote for for two thirds of my entire lifetime scotland has voted in one direction england has voted in a different direction and because it was so much logical scotland we end up with a government westminster which is not chosen by the scottish people so the first argument is the sense that democratic one that nations and scotland's a nation have a right to self-determination and the second argument is about what you do with that you see i think it's a pretty universal law anytime anywhere anyplace that the best people to govern the country the best people to choose how a country should be governed of the people who live and work in the country i think that applies everywhere and i think it certainly applies to sculp well you're only fourteen months away from the referendum does it worry you a little that that the majority of scots do not want independence from k. and for the last five years the polls haven't changed. well if it comes to opinion polls when i was reelected two years ago by an absolute majority in a proportional system for most of the scope and the boat thre

barclays royal bank of scotland lloyds to take out a loan if i want to the bank of england and i was one of these banks and i borrowed a million dollars i borrowed a million dollars it wouldn't cost me any interest rate of all at all at one go they charge me five thousand percent at the bank of england they pay me two percent they pay me to borrow money that's the difference does any aspect of wires or those huge wealth and income gap in the u.k. and around the world well because if you're on the inside you get paid to borrow money if you're on the outside of the interest rate apartheid wall then you get charged five thousand percent to borrow money is it any wonder the entire world is all rising so that they conclude this thought experiment is saying that basically they won't be able to unwind without threatening the entire financial stability of the store soon if i put a gun here and said you know you're loaded and then you on the b.b.c. and say wait i'm going to think one of them but i love my mother didn't they got to look at the do the do the detainees efficient markets theory e

barclays royal bank of scotland lloyds to take out a loan if i want to the bank of england and i was one of these banks and i borrowed a million dollars i borrowed a million dollars it wouldn't cost me any interest rate of all at all at one go they charge me five thousand percent at the bank of england they pay me two percent they pay me to borrow money that's the difference does any aspect of wires or those huge wealth and income gap in the u.k. and around the world well because if you're on the inside you get paid to borrow money if you're on the outside of the interest rate apartheid wall then you get charged five thousand percent to borrow money is it any wonder the entire world is up rising so that they conclude this thought experiment is saying that basically they won't be able to unwind without threatening entire financial stability of the store soon if i put a gun here and said you know you're loaded and then you on the b.b.c. and say wait i'm going to think well let me put my foot in both of them my mother didn't pick up the do the did it just means efficient markets theory

that so trident will have to be removed it's up to the people of england the people at westminster to decide whether they want to continue with the nuclear deterrent in my view to be very unwise to do so i think it's the most phenomenal waste of money but i agree it's their decision but of course if they make that decision then of course they have to accept the consequences which is to feign some put it put it as well no the only reason that trident submarine will be odd it was his father we as the could think of from the the sentence a population no look scott was a peace loving country we want to cooperate from neighbors with in favor of nato membership for example because our neighbors are the nato bot. twenty five of the twenty countries in nato are no nuclear countries and so we'll be a non-nuclear country with an little yeah but most of the countries actually strive to then you care that's why i'm asking that if you become a world leader in case of independence then you know you're faced with countries like iran or north korea who could tomorrow having nuclear weapons and scotla

that is a live possibility that it would leave european union i think the effect of england leaving the european union after scottish independence would be that many headquarter companies would move to scope i think would be very unwise for the good to leave the european union but you know that's a choice for the people of england to make that's their choice and their will just i'm a choice so you can see a subgroup stance we have the financial sector it would get more headquarters on the circumstance but i should say this goes five sets of very strong and very able and particular in the things it does best asset management the long term investment trusts pension funds the long term investment of people's money or corporate money as opposed to the much more phonetic market driven. financial dealings of the of the city of london so to a great extent of their scope should continue to do what we do best and that is to manage people's money carefully in long term investments and build up that special someone asset management which is proving so enormously successful this now with companies

barclays royal bank of scotland lloyds to take out a loan if i want to the bank of england and i was one of these banks and i borrowed a million dollars i borrowed a million dollars it wouldn't cost me any interest rate of all at all at one go they charge me five thousand percent at the bank of england they pay me two percent they pay me to borrow money that's the difference though many aspects of wires are those huge wealth and income gap in the u.k. and around the world well because if you're on the inside you get paid to borrow money if you're on the outside of this interest rate apartheid wall then you get charged five thousand percent to borrow money is it any wonder the entire world is rising so that they conclude this thought experiment is saying that basically they won't be able to unwind without threatening entire financial stability of the store soon if i put a gun here and said give me all your work. and then you on the b.b.c. and say wait i'm going to think well i think that because i'm bothered by what the did they got to make that the do the job they did it just means e

barclays royal bank of scotland lloyds to take out a loan if i want to the bank of england and i was one of these banks and i borrowed a million dollars i borrowed a million dollars it wouldn't cost me any interest rate of all at all at one go they charge me five thousand percent at the bank of england they pay me two percent they pay me to borrow money that's the difference does any aspect of wires or those huge wealth and income gap in the u.k. and around the world well because if you're on the inside you get paid to borrow money if you're on the outside of the interest rate apartheid wall then you get charged five thousand percent to borrow money is it any wonder the entire world is rising so that they conclude this thought experiment of saying that basically they won't be able to unwind without threatening the entire financial stability of the store soon if i put a gun here and said give me all your money. and then you on the b.b.c. and say wait i'm going to think well i think the bottom of my mother didn't make that the do the job they did it just means efficient markets theory

instead of lending it out there putting it on deposit at the bank of england and getting a free rate of interest on that money and the debt pile by the way is increasing exponentially so the need to print more money and to continue this farce continues that's why i say something many would consider a radical lowering interest rates and keeping interest rates low causes deflation it doesn't ovoid deflation because that is not in the skull mark carney the pole dancing hockey puck braindamaged idiot who's now running the bank of england because spec more of the same so they also not only cut rates on their savings but they also cut across the bond all their fixed rate bonds other cuts applied to fixed rate bonds last week a four year bond paid two point three percent across all of the nationwide brands falling this week for new savers to one point nine percent the change represents a twenty one percent cut in returns and it's causing deflation the various mark carney i predict will get up and they'll say look we've got to expand quantitative easing because of the problem of deflation th

like the definition of a pole dancer and you could indeed be a mark carney the new head of the bank of england as a sort of pole dancer enticing you to take with cash remains in your pocket and stuff it in the collective g.-string of the banking system only in this case what that g.-string wearing financial system flashes back to you in exchange for your hard earned cash is a be don't be don't believe bottomed in toxic capital market that let's face it isn't really all that appealing to look at know best you close your eyes. stacey. yes max you know mark carney we gave him two days before we started talking about him because he started this week at the bank of england and of course the reason why he was brought in is not only because mervyn king was leaving but the sense is that he's going to rescue the financial system that collapsed along with the lehman brothers back in two thousand and eight now lehman brothers dick fuld is in the news in the sort of pole dancing kind of way folds tiny stock is penny from heaven and this is according to the f.c.c. filings of matrix advisors which he and hi

like the definition of a pole dancer you could indeed be a mark carney the new head of the bank of england as a sort of pole dancer enticing you to take would cash remains in your pocket and stuff it in the collective g.-string of the banking system only in this case what that string wearing financial system flushes back to you in exchange for your hard earned cash is a loan be don't be don't believe bottomed and toxic capital market bet let's face it it isn't really all that appealing to look at no best you close your eyes stacey. yes max you know mark carney we gave him two days before we started talking about him because he started this week at the bank of england and of course the reason why he was brought in is not only because mervyn king was leaving but the sense is that he's going to rescue the financial system that collapsed along with lehman brothers back in two thousand and eight now lehman brothers dick fuld is in the news in a sort of pole dancing kind of way folds tiny stock is penny from heaven and this is according to the f.c.c. filings have matrix advisors which he and his

like the definition of a pole dancer and you could indeed be a mark carney the new head of the bank of england as a sort of pole dancer enticing you to take would cash remains in your pocket and stuff it in the collective g.-string of the banking system only in this case what that g.-string wearing financial system flashes back to you in exchange for your hard earned cash is a lumpy don't be don't believe bottomed and toxic capital market that let's face it isn't really all that appealing to look at no best you close your eyes. stacey. yes max you know mark carney we gave him two days before we started talking about him because he started this week at the bank of england and of course the reason why he was brought in is not only because mervyn king was leaving but the sense is that he's going to rescue the financial system that collapsed along with the lehman brothers back in two thousand and eight now lehman brothers dick fuld is in the news in a sort of pole dancing kind of way folds tiny stock is penny from heaven and this is according to the f.c.c. filings of matrix advisors which he and h

that's what the bank of england. walter bagehot wrote a book about and that establish some of the doctrine of what central bankers have been doing since 200 years since. you're the lead of last resorts your you lend freely at ability rate. you stand ready to make money available when it is otherwise not. it's not a seamless progress of, for the good when you look at its history. a lot of you probably know the stories of the 1920s what happened in germany. the power of the central bankers use and it sometimes misused. so this is a prime example. after world war i there's reparation payments the german government is supposed to make. and a mannamed rudolph was the central bank for germany in the early 1920s and he saw it as his priotic duty to print money, however much was needed fund the government to meet its obligations. you can imagine how the story ends. you just print without regard what happened to the price level. it becomes an inflationary force. he had this odd obsession with physical technical job of printin

you could indeed view mark carney the new head of the bank of england as a sort of pole dancer enticing you to take would cash remains in your pocket and stuff it in the collective g.-string of the banking system only in this case what the string wearing financial system flushes back to you in exchange for your hard earned cash is a lot be don't be don't believe bottomed and toxic capital market that let's face it isn't really all that appealing to look at no best you close your eyes stacey. yes max you know mark carney we gave him two days before we started talking about him because he started this week at the bank of england and of course the reason why he was brought in is not only because mervyn king was leaving but the sense is that he's going to rescue the financial system that collapsed along with lehman brothers back in two thousand and eight now lehman brothers dick fuld is in the news in a sort of pole dancing kind of way folds tiny stock is a penny from heaven and this is according to the f.c.c. filings have matrix advisors which he and his wife run he is a part owner of guy

: and he ardenly dislikes new englanders. he looks down on them. think that's they're dirty and unruly. they have this unfortunate idea that they like to decide things for themselves which, of course, you can't have in an army. but he overcomes that bias, which is really a big inner struggle. has to because that's all he's got is the new england army. he has some people from the middle colonies that joined him. >> rose: now, he takes command at age 43 in '75. >> never commanded an army in battle before in his life. never. and he today congress "i'm not qualified for this job. i'm not the man." but he also knew that he was better than anybody else they could pick. and they choose him not because he's a great general. they know he's fought in the french and india war and had a distinguished record. they pick him because they know him as a person and they pick him because they know him as a politician. he is a political general and that sometimes is used in a dismissive or a less than complimentary way. we should thank god he wa

: and he ardenly dislikes new englanders. he looks down on them. think that's they're dirty and unruly. they have this unfortunate idea that they like to decide things for themselves which, of course, you can't have in an army. but he overcomes that bias, which is really a big inner struggle. he has to because that's all he's got is the new england army. he has some people from the middle colonies that joined him. >> rose: now, he takes command at age 43 in '75. >> never commanded an army in battle before in his life. never. and he today congress "i'm not qualified for this job. i'm not the man." but he also knew that he was better than anybody else they could pick. and they choose him not because he's a great general. they know he's fought in the french and india war and had a distinguished record. they pick him because they know him as a person and they pick him because they know him as a politician. he is a political general and that sometimes is used in a dismissive or a less than complimentary way. we should thank god he

from zero to thirty well england was on the gold standard the price level was fairly constant so that's going up until one nine hundred fourteen so during world war one nine hundred fourteen thousand nine hundred eighteen england effectively doubled its money supply causing the price index to increase substantially as we see it right here during this time they also suspended the gold standard as they were too many pounds in circulation to be redeemed for gold so even though we show that the price level of gold is fairly constant right here you couldn't redeem your currency for gold at that time

and carney takes the helm at the bank of england. this after manufacturing pmi comes in better than expected. >>> we've also got more data out of the uk besides those pmis. mortgage approvals, 58,242 for may. that's the highest since december 2009. consumer credit up 0.7 billion versus 0.6 billion as well and net consumer lending was up 1 billion in may versus april's 1.3 billion. the mortgage lending there is the standout number. just a little higher on the back of all that data comes on pmis. manufacturing pmi improving as well. now, it is also, of course, the end of the first half. let's remind you how we've performed some of these markets. the nikkei is up -- i can't read that -- up 1.28% for the month. for the year, though, the nikkei has been up 33%. year to date. now, as far as the ftse is concerned, one month is up there on the right, down 5.4% on the month. and for the year, it's up around 5%. but, of course, we have rallied a little. we've wiped out the 10% gains. the s&p doing pretty well over the course of the year. down

i served all of my time in japan and england. my time in england, i spent about three years. it was critical. it was an english-speaking country that had a critique, a social critique of the united states as a related to race. it was a critique that was mainstream in england. i watched guys on the prize, the civil rights film, learning about discrimination and racism. go to england. learn about races to corroborate my reality. in the military as well as college. at thehed my education university of north carolina at wilmington. i had mentors that said, you have got what it takes. i did not think i had what it took. school,way in graduate those that were critical in my development, i point this out in high price. there are things that we can put in their environment to help them succeed. those programs are gone. my mom was on welfare my entire life. you are in welfare. as we knew it, it is no longer here. all of those programs help to make sure that we have someone like me. tavis: with all of those mentor's around, how does one getting pulled into the drug game in the first pl

unemployment also rose with high unemployment rates the only way england could attract gold into the country and expand the money supply would be to have a trade imbalance where they were exploiting more than they were importing but because the price index as we see right here in the one nine hundred twenty s. didn't drop substantially not supreme where levels english goods were still fairly expensive compared to american goods gold flowed out of england and went to the us setting the stage for means you're probably. in the one nine hundred twenty s. so let's break this down just again what were some of the issues that were facing that they were facing well there is a massive amount of gold that had gone to the u.s. from europe so it wasn't just england that was facing these problems and so in august of one thousand nine hundred seven three officials from three different central banks so it would be the bank of england and france and germany headed to the u.s. and the urge the u.s. to lower the fed to lower its interest rates and this was very good that they did that this was for the

unemployment also rose with high unemployment rates the only way england could attract gold into the country and expand the money supply would be to have a trade imbalance where they were exploiting more than they were importing but because the price index as we see right here in the one nine hundred twenty s. didn't drop substantially not supreme where levels english goods were still fairly expensive compared to american goods gold flowed out of england and went to the us setting the stage for me ger problem. in the one nine hundred twenty s. so let's break this down just again what were some of the issues that were facing that they were facing well there is a massive amount of gold that had gone to the u.s. from europe so it wasn't just england that was facing these problems and so in august of one thousand twenty seven three officials from three different central banks so it would be the bank of england and france and germany headed to the u.s. and they urged the u.s. to lower the fed to lower its interest rates and this was very good that they did that this was for the purpose th

unemployment also rose with high unemployment rates the only way england could attract gold into the country and expand the money supply would be to have a trade imbalance where they were exploiting more than they were importing but because the price index as we see right here in the one nine hundred twenty s. didn't drop substantially not supreme where levels english goods were still fairly expensive compared to american goods gold flowed out of england and went to the us setting the stage for me to your problem. in the one nine hundred twenty s. so let's break this down just again what were some of the issues that were facing that they were facing although there is a massive amount of gold that had gone to the us from europe so it wasn't just england that was facing these problems and so in august of one nine hundred twenty seven three officials from three different central banks so it would be the bank of england and france germany added to the u.s. and they urged us to lower the fed to lower its interest rates and this was very good that they did that this was for that purpose th

old boy as i've said for years the bank of england are indeed like the taliban but only because they provided the safe haven for the jihadi of banking fraud who strapped on the debt packed suicide vests and blew up the entire frickin economy. and that same taliban central bank is now papering over the bloody aftermath with little pieces of digital paper that explain more we turn to stacey or when max first of all i did look at jihad and i'm sure the n.s.a. knows i looked it up on google and the definition provided by google was that it's a war of struggle against unbelievers so this is important for the rest of the episode this notion of unbelievers which i think we should return for the west as disbelievers nobody believes their lies and fraud anymore vince cable calls bank of england capital taliban vince cable has stirred tensions within the bank of england by apparently comparing policy makers to the taliban over restrictions imposed upon banks well first of all let me say something which is that i coined the term financial terrorists and now here comes vince cable glomming onto

i served all of my time in japan and england. my time in england, i spent about three years. it was critical. it was an english-speaking country that had a critique, a social critique of the united states as a related to race. it was a critique that was mainstream in england. i watched guys on the prize, the civil rights film, learning about discrimination and racism. go to england. learn about races to corroborate my reality. in the military as well as college. at thehed my education university of north carolina at wilmington. i had mentors that said, you have got what it takes. i did not think i had what it took. school,way in graduate those that were critical in my development, i point this out in high price. there are things that we can put in their eironment to help them succeed. those programs are gone. my mom was on welfare my entire life. you are in welfare. as we knew it, it is no longer here. all of those programs help to make sure that we have someone like me. tavis: with all of those mentor's around, how does one getting pulled into the drug game in the first plac

this morning, it's raining in all of eastern new england. temperatures in the low 60s. thunderstorms rolling through oklahoma. we like the rain here because all of the drought stories. here's the weekend forecast, today, the rain will be exiting new england as we go throughout the day. the afternoon will get better. thunderstorms widespread in the middle of the country. look at what happened. what happened to our heat wave? temperatures in chicago, for the weekend, high in the 70s. very cool air mass for this time of the year moving through the country and for the east coast saturday and sunday, hit and miss showers and thunderstorms. temperatures will be where they should be in the 80s. chicago, 70s for a high. typicalically, this is one of the hottest weeks in the summer. >>> coming up on top of the hour -- on morning joe, anthony weiner's latest revelations are impacting his poll numbers. when we come back here, we'll huddle around the cooler. colbert takes a crack at the phony town crier. aw this is tragic man, investors just like you could lose tens of thousands of

unemployment also rose with high unemployment rates the only way england could attract gold into the country and expand the money supply would be to have a trade imbalance where they were x. sporting more than they were importing but because the price index as we see right here in the one nine hundred twenty s. didn't drop substantially not supreme where levels english goods were still fairly expensive compared to american goods gold flowed out of england and went to the us setting the stage for me to your problem. it's in the one nine hundred twenty s. so let's break this down just again what were some of the issues that were facing that they were facing well there is a massive amount of gold that had gone to the us from europe so it wasn't just england that was facing these problems and so in august of one nine hundred twenty seven three officials from three different central banks so it would be the bank of england and france and germany headed to the u.s. and they urged the u.s. to lower the fed to lower its interest rates and this was very good that they did that this was for th

he is the prince of cambridge, the first here in england in almost 200 years. and i think the royal couple reflected the feelings of a lot of people when they issued a simple statement tonight saying, "we could not be happier." the cheers echoed across the grounds of buckingham palace. >> it's a boy! >> reporter: a boy born at 4:24 p.m., 8 pound, 6 ounces. the official word came from st. mary's hospital, carried by car to buckingham palace, where it was posted on an easel that once announced prince william's birth. from town criers to towers, unique celebrations, because what had been dubbed the great kate wait was finally over. >> congratulate her. >> absolutely amazing. >> reporter: queen elizabeth came home to buckingham palace from her castle in windsor and said in a statement tonight that she was delighted, as were other british leaders. >> it is an important moment in the life of our nation. but i suppose, above all, it's a wonderful moment for a warm and loving couple who've got a brand new baby boy. >> reporter: new grandfather, prince charles, said he

bell and now we find out for miles the mcleod was on ty's report just recently saying that bank of england is thirteen hundred tons have gone missing and you're saying if i connect all the dots year that was sold into the market to take care of these other bullion banks including goldman doing the exact same thing all over again dumping paper money hope. that they would get people did scare out of the goal but instead they they did the opposite they were physical gold on the bank of england it has a liability here a huge liability correct on these billion banks they're going to be insolvent yes or no yes or no and the bank of england has to step in on a daily basis fixes and make up any shortfall out of the six hundred tons of gold cleared by the o.p.m. c.l. every day and the five thousand tonnes of silver incredible amounts but that's what trades through the l b m a every day they step in when people actually have the audacity to offer their physical this discount the bank availing has to england has to step in and provide that bullion on a short term basis and when the bank of england an

the new england patriots coach speaks publicly for the first time since former player aaron hernandez was charged with murder. chili's lunch break combos start at just 6 bucks. so ditch the brown bag for something better. like our bacon ranch quesadillas or big mouth burger bites, served with soup or salad, and fries. >>> here's a look at todas >>> here's a look at today's forecast in some cities around the country. new york, rain today. thunderstorms in miami. chicago will be mostly sunny. dallas, sunny, but a high of 102. los angeles, clouds, then sun. >>> time now for a check of the national forecast. a cold front bringing showers and thunderstorms moves through the midwest. strong wind gusts and hail is possible from northwest michigan through kansas and it will be hot in parts of the south. temperatures could hit 100 degrees west of the mississippi. the heavy rain and showers will move into new england late thursday. >>> tulsa, oklahoma, is cleaning up this morning after damaging storms swept through the area. winds brought down trees and tore roofs off buildings. tens of thousan

so it would be the bank of england and france and germany headed to the u.s. and they urged the u.s. to lower the fed to lower its interest rates and this was very good that they did that this was for that purpose the idea that the fed lowered interest rates in the u.s. the u.s. would be a less favorable place to invest the fed lowered rates in one thousand twenty seven from four to three point five percent and many economists believe that this actually fueled a lot of the speculation right before we saw the great depression you had one of the one of the economies view at that time well there's actually an economist at the federal reserve who said it quote this was in one thousand thirty four the greatest and boldest operation ever undertaken by the federal reserve system and it resulted in one of the most costly errors committed by its or any other banking system in the last seventy five years and many economists do believe that this the fed lowered these interest rates that actually encouraged the speculative finance that we saw leading up to the great depre

unemployment also rose with high unemployment rates the only way england could attract gold into the country and expand the money supply would be to have a trade imbalance where they were exploiting more than they were importing but because the price index as we see right here in the one nine hundred twenty s. didn't drop substantially not supreme where levels english goods were still fairly expensive compared to american goods gold flowed out of england and went to the us setting the stage for me to your problem. in the one nine hundred twenty s. so let's break this down just again what were some of the issues that were facing that they were facing well there is a massive amount of gold that had gone to the us from europe so it wasn't just england that was facing these problems and so in august of one thousand nine hundred seven three officials from three different central banks so it would be the bank of england and france and germany headed to the u.s. and they urged the u.s. to lower the fed to lower its interest rates and this was very good that they did that this was for that p

unemployment also rose with high unemployment rates the only way england could attract gold into the country and expand the money supply would be to have a trade imbalance where they were exploiting more than they were importing but because the price index as we see right here in the one nine hundred twenty s. didn't drop substantially not supreme where levels english goods were still fairly expensive compared to american goods gold flowed out of england and went to the us setting the stage for me ger problems in the one nine hundred twenty s. so let's break this drone just again what were some of the issues that were friends that they were all there is a massive amount of gold that had gone to the us from europe so it wasn't just england that was facing these problems and so in august of one thousand nine hundred seven three officials from three different central banks so it would be the bank of england and france germany added to the u.s. and the the urge. to lower the fed to lower its interest rates and this was very good that they did that this was for the purpose the idea that t

willingly because goldman sachs got caught short dumping paper gold absolutely so then the bank of england bailed him out by giving the bell and now we find out for miles mcleod was on ty's report just recently saying that bank of england is thirteen hundred tons have gone missing in you're saying if i connect all the dots year that was sold into the market to take care of these other bullion banks including goldman doing the exact same thing all over again doping paper money hoping that they would get people did scare out of the gold but instead they did the opposite they were physical gold on the bank of england is as a liability here a huge liability correct of these billion banks they're going to be insolvent yes or no yes or no and the bank of england has to step in on a daily basis fixes and make up any shortfall out of the six hundred tons of gold cleared by the o.p.m. c.l. every day and the five thousand tonnes of silver incredible amounts but that's what trades through the b.m.a. every day they step in when people actually have the audacity to offer their physical this discount th

willingly because goldman sachs got caught short dumping paper gold absolutely so then the bank of england bailed him out by giving the bell and now we find out for miles to mcleod it was on ties report just recently saying that bank of england is thirteen hundred tons have gone missing in you're saying if i connect all the dots here that was sold into the market to take care of these other bullion banks including goldman doing the exact same thing all over again dumping paper money hoping that they would get people did scare out of the gold but instead they did the opposite they were physical gold on the bank of england is as a liability here a huge liability correct in these billion banks they're going to be insolvent yes or no yes or no and the bank of england has to step in on a daily basis fixes and make up any shortfall out of the six hundred tons of gold cleared by the o.p.m. c.l. every day and the five thousand tonnes of silver incredible amounts but that's what trades through the b.m.a. every day they step in when people actually have the audacity to offer us their physical this d

willingly because goldman sachs got caught short dumping paper gold absolutely so then the bank of england bailed him out by giving the bell and now we find out for miles mcleod was on ties report just recently saying that bank of england is thirteen hundred tons have gone missing in you're saying if i connect all the dots here that was sold into the market to take care of these other bullion banks including goldman doing the exact same thing all over again dumping paper money hoping that they would get people did scare out of the gold but instead they did the opposite they were physical gold on the bank of england is as a liability here a huge liability correct on these billion banks they're going to be insolvent yes or no yes or no and the bank of england has to step in on a daily basis fixes and make up any shortfall out of the six hundred tons of gold cleared by the o.p.m. c.l. every day and the five thousand tonnes of silver incredible amounts but that's what trades through the b.m.a. every day they step in when people actually have the audacity to offer us their physical this discoun

willingly because goldman sachs got caught short dumping paper gold absolutely so then the bank of england bailed him out by giving the bell and now we find out for miles mcleod was on ties report just recently saying that bank of england is thirteen hundred tons have gone missing and you're saying if i connect all the dots here that was sold into the market to take care of these other bullion banks including goldman doing the exact same thing all over again dumping paper money hoping that they would get people to scare out of the gold but instead they did the opposite they were physical gold on the bank of england is as a liability here a huge liability correct on these billion banks they're going to be insolvent yes or no yes or no and the bank of england has to step in on a daily basis fixes and make up any shortfall out of the six hundred tons of gold cleared by the o.p.m. c.l. every day and the five thousand tonnes of silver incredible amounts but that's what trades through the b.m.a. every day they step in when people actually have the audacity to offer us their physical this discoun

that is true i would say in new england, because new england has been occupied, but it's not true down as you get into new york, pennsylvania, new jersey and virginia. those colonies and states are divided. now, we know there's about 20% of the colonial population actually 19% that is loyalist. but in new england, they have all been driven out. you don't want to be a loyalist and living in new england. they will tear your house down and kill you. that doesn't mean, however, that the other 80% are all patriots. this is tough to figure and it varies from colony to call me and from region to region. it's like going on cnn during an election watching the blue states and read states and purple states come on the screen and within the states' different counties. my own best judgment is that of the percent, about 60% were pre-committed to the cause, and they called it the cause. but there is another 40% of the 80% that are really undecided or they will go wherever the nearest army happens to be. okay? give you an example, in valley forge, the continental army starts on the most productive are

capital taliban vince cable has stirred tensions within the bank of england by apparently comparing policy makers to the taliban over restrictions imposed upon banks well first of all along.

of the woods with a lot of folks fascinated with the birth of the future king or queen of england. we found one shop in georgetown where that fever is at an all- time high. m street is not fleet street. but at the maternity shop in georgetown -- >> i'm excited to see how they are doing and when the first pictures come out. >> much of the talk is about a certain royal baby. >> the baby thing is huge. ,> and the proud parents to be prince william and the duchess of cambridge. >> everybody is excited to see what the baby will be. >> no paparazzi here, but outside saint mary's hospital, photographers are camped out hoping to catch the first images of the first -- of the future king or queen of england. >> how could they not be excited? >> the baby's arrival is expected to pump $400 million into the reddish economy. customers are most impressed by kate's classiness and calm. >> she seems to be part of the royal family. >> amid the excitement of this new baby and in special times to come, there are poignant reminders of another young mother, the late princess diana. her fashion, people a

as of late may 1840, young had been in england for about six weeks. there have been scores, even hundreds of converts both in the countryside and in the english city of manchester. one night while visiting with a local family, young and a good friend of his son some and afterwards spoke with each other in tongues. this is a quote from brigham young's on diary. songs, and afterwards spake with each other in tongues. since his conversion brigham young had frequently spoken in tongues but he was disappointed at this moment because the converts to the church in manchester had not yet received that spiritual gift. and the previous sunday had been pentecost or what the english called whitsun time. pentecost is the annual christian commemoration of the holy spirit coming down like chunks of fire on top of the heads of the disciples in jerusalem, enabling people in the crowd to hear the disciples in their own languages. it happens to be tomorrow so i thought it would give good idea to bring this up today. the mormons and manchester right after which sometime

people actually have the audacity to offer us their physical this discount the bank availing has to england has to step in and provide that billion on a short term basis well in the bank of england and the treasury and george osborne when they failed to match the books at the end of the day and there's left over doesn't that just get through the search of this nature of these inciting deal doesn't just end up on the debt of the u.k. absolutely and they're going to stroke an electronic check and they're going to pay everyone off and anyone that hasn't got a physical the reason i don't offer trotting is the day that you get settled in cash will be the day gaps up one hundred two hundred three hundred all this. thought right enterovirus thanks so much for being on the class reports always a pleasure. and that's going to do it for this edition of the kaiser report with me max kaiser and stacy herbert i'd like to thank our guest andrew maguire if you like just get in touch tweet us at kaiser report until next time ask either saying by oh . this is sars or. are. you. there's a media lead us so we

bank of england found their independence on the fourth of july. during the press conference, jeff pressed mario draghi on forward guidance. >> you were meeting another central bank in london was also having a meeting of its policy members. and in a break with previous tradition, we had a very clear forward guidance from mr. carney, the new governor. i wonder if because the bank of england has now changed its style on guidance it's time for the european central bank to also step forward with a new policy on guidance? it's clear from mr. carney's comments in the market reaction that he's moved the gilt market, moved the sterling curve. is it time that you put aside the precommit barrier to more detailed and specific forward guidance? >> thank you. if you ask this question, you haven't really listened to my statement. the -- >> sounds a lot like the statement i listened to when i was here in june. >> that's why i said you haven't listened carefully. the counsel took the unprecedented step to give forward guidance in a rather more specific way than it

. >> i lived in england for what, three years. i love england. it is a little hysterical for americans to have to deal with this, what we're getting at. i like the fact that they celebrate life, not celebrating pro-choice. >> running around in pink sneakers. >> it is absurdity. people are going crazy. a baby cam. and they're popping champagne, crying. >> they are excited about it. they like it. greg, did you go to the hyde park sunday and get on a soap box? >> i did not, i am very short. did you just insult me? >> i was piling on. >> dana, do you appreciate the historical significance here, having been a tremendous student of history, enjoy studying things like this? future world leader that's going to deal directly with the united states and hopefully this prince will stand with the united states and continue the relationship internationally that we have enjoyed with br britain, yes? >> yes. >> as i said in the show earlier in the week, i have been up every night waiting to hear about it, i am delighted to hear about it. >> he thought it was har

and a book a call in indiana and have a lot of misgivings because every day i am facing a boy in england that i loved and i'm getting older and older and feel like this was the one, am sure of that and i'm about to walk down the aisle with someone i'd pretty much like a lot but don't think i should be marrying him and i went to my father and said call it off, he said always go forward, not backwards and that might have been how he survived the doesn't work if you're in a speeding car rushing toward the cliff and if it doesn't work if you are a and lending. and sent out an sos letter to paul and said i am getting married, what do you think, something like that and i learned later my mother had 4 of those letters, because when i finally did get back together with paul, separated from my husband and left wonderful laugh job with the beautiful desk and flowers on it and went back to england because paul said that he would marry me if things were different now and goes by the way why didn't you answer my letters so at the wedding day my mother apologized and said i have torn up, i am really s