all the great leaders came to see woodrow wilson. james johnson was just an incredible writer and came and saw wilson. i really got to get over my prejudices because he is not as bad as ihought he was. if he is advancing jim crow, how is he processing is helping? that he grews was up in the south, was born in virginia, raised during the civil war. raised in segregated society. he saw the first bits of integration when he became president. there was integration just darting in the postal service and the treasury department. and there was friction there. wilson's feeling was i don't think this country is ready and the south is ready. i think it will be safer for everybody if we have separate but equal, which was the law of the land in those days. he thought a couple of things. he would make life safer and more peaceful for whites and for blacks if they didn't have to rub shoulders. wilson is getting attacked by both sides. whites were saying, why are you still appointing judges? why are you getting middle- management positions? you rea

of woodrow wilson he so adored him. one of the most glorious thesis about wilson was written byite tarbell in fact. it's so wonderful i find myself not quoting it. i thought it was too partisan in woodrow wilson's favor but i think it's quite true what you have said just about this great fractionalization of the media. because what we have lost and your ticket waited why, we just don't think as much anymore. we just react from the gut so much. that is why we flock to that cable station that speaks what we think even though we haven't thought it yet. i think that's a big factor today. wilson had a very good relationship with the media up to and just into the first world war which wilson ultimately brought us into. at that point in this becomes one of the great ironies of the wilson story, the most progressive resident we had to date not even forgetting t.r. but this president became the most suppressive of the press which he did during the war, read vitalizing alien sedition acts that really had been quiet certainly sinc

of woodrow wilson he so adored him. one of the most glorious pieces about wilson was written by ida tarbell in fact and in fact it was so wonderful i found myself not quoting it he could as i thought it made me look too partisan in wilson's favorite. i think it's quite true what you have both been suggesting about this great sexualization of the media. what we have lost and you articulated it, we just don't think as much about it. we react from the gut and that is why we flock to that cable station that speaks what we think we think even though we haven't thought it. i think that's a big factor today. but wilson had a very good relationship with the media up to and just into the first world war which wasn't -- brought us into it. it becomes one of the great ironies and the wilson story that the most progressive president we had to date not even forgetting t.r. let that this president became the most suppressive of the press which he did during the war revitalizing the alien sedition acts and really had the quiet certain

but then woodrow wilson came to town. he was a lawyer at the time, he had a case, he went to church where her father was preaching and he met her there. >> how important was it that both alan axon and thomas woodrow wilson, with the children of ministers? >> in some ways that is the world they grew up in. not so much the u.s. of the south, but the presbyterian church which in many ways is a world unto itself. what it didn't make them though, either of them, and i think this is true of wilson as much as it is of ellen, it didn't make them religious zealots. it did not make them obsessed with religion. in some ways, religion was so central to them that in many ways they could take it for granted. it is in the background. it is always there, it is important, but of the two of them, he was more the good strong believer. she is the one who had the religious doubts. especially because with the various family troubles depression ran really ran in the axon family. probably one brother, eddie, who died in a tragic accident as a yo

woodrow wilson had two wives. not at the same time. [laughter] but the first was a young woman he met in georgia when he was a struggling lawyer in atlanta. he was a minister's son. he met the minister's daughter in a little town called rome, georgia. they fell instantly in love. and he was realizing he didn't really have a career as a lawyer. and so he took up academia at that point. the good news for me, the biographer, she and he began exchanging 3,000 of the most passionate love letters i have ever read. yes, i'm talking woodrow wilson. [laughter] they're almost hard to believe. they are emotional, they are sexual, they are revealing, they -- it's just -- yes, woodrow wilson. [laughter] it's true. it's true. and she gave as good as she got. and -- >> what does that mean? [laughter] >> just -- [laughter] let your conscious -- conscience be your guide. they married. she became a professor's wife, and a college president's wife, she poured a lot of tea. and the interesting thing is she was a very good artist. she painted extremely wel

because woodrow wilson was running on the democratic ticket the former president of brinson. -- princeton. they were split and a local ted was the uncle of eleanor he was out of office four years and pushed into office with one of his cronies william howard taft that proved to be a disappointment he was more interested in the business community and theodore decided he wanted to run again. the party did not want him to read was against tradition to run a third term but he broke from the party and forms the progressive party he was asked about his health and his condition and he said ims strong as a bull moose and that was the mascot. the bull moose party in the republican party split the vote will send only one with 41 percent in 1912 but he won. then he had to find a cabinet. you look for your political cronies and give them positions. a newspaper publisher wanted to be postmaster general because they're required very little work and gave the opportunity to appoint postmaster's all over the country to give you a lot of political clout. he said i am sorry but there is someone else i will m

certainly woodrow wilson did. he had great, great fights with two or three of the closest people in his life over the years, going back to his professorial days at princeton. he had a very close friend who succeeded him as president at princeton they had a rift. so it was with colonel house, with joseph tummilty his leading guy in the white house. it was inevitable with wilson. >> dickerson: you try to get at the mystery of the relationship when bush and cheney what's discussed. >> the upshot that we of course over simplify this relationship. it's complicated. not as ''as "saturday night live" cartoon figure although that's a -- cheney had power it was because bush authorized him to, enabled him, wanted him to, leaned on him in the beginning but that changed drastically over time. much more than most of us realize. over the eight years moving further apart on policy, foreign policy, domestic policy, economic policy, by the end they are really on opposite sides to almost every major decision coming before them. unt

former ambassador was introduced by jane harman, president of the woodrow wilson center. >> good morning. good morning too many good friends in the audience. i see ambassador, my different. i see caroline and others. i'm jane harman, president and ceo of the wilson center and delighted to welcome you to this just before the christmas holiday, important event. the wilson center knows a lot about brazil, and so does our keynote speaker and good friend, ambassador tom shannon. our brazil institute is the premier place in washington for dialogue on u.s. brazil policy. we were first to honor dilma rousseff and sponsored the brazil economic conference. we regularly hosted brazilian government and legislative in our interest a platform to air the good, the bad and the ugly in our relationship.

woodrow wilson, when he died, lamented the fact that he allowed the federal reserve to come into being. we had a central bank, the first national bank of the united states, we had a second national bank of the united states. the last one andrew jackson got rid of. i don't understand, first of all, why your guest is carrying the water for the central banks and the federal reserve which is unconstitutional -- >> host: well, let me, let me jump in. you said he's carrying the water. what was it that he said or reported on that got your attention? >> guest: he's not telling the people the truth. he seems to think that this economy is going to get better and clearly if anybody -- even if they don't have any kind of implicit knowledge of economics, they can look at this economy, and while the federal reserve keeps printing money, that powers the speculative economy. >> host: let me jump in, and before we get a response, got to tell you, greg, there's a little bit of trend on our tweets that are coming in ant the fed. mostly negative. here is just one more, isn't it time to stop the fred from

of at the national harbor site beside the outer loop of the beltway after crossing the woodrow wilson bridge. >> more consumer conveniences means less security. with more things to hack into companies will have to step up security and consumers will have to become more security savvy because that's exactly what the hackers are doing. >> it's like a cat and mouse game. the more you clamp down, the more clever the hackers get. >> the duck dynasty family is standing by patriarch phil robertson suggesting the show can't go on without him. >> no ducks. >> a&e suspended robertson indefinitely after he told gq magazine gays are sinners and compared homosexuality to bestiality. >> i put my observer on the ground to try to rescue the pilot. >> officer dave denison set his tampa police helicopter down feet from this crashed and burning plane. the officer put out the cessna's flaming engine and ignoring his own safety pushed into the wreckage and pulled out the unconscious pilot away from danger. >> many canadians were stunned when they learned lottery winner tom crist planned to give his entire

the painting entitled the signing of the federal reserve act by president woodrow wilson december 23, 1913 depicts preston wilson signed the federal reserve act at the white house. original painting was created by wilbur kurtz in 1923 for the federal reserve bank of atlanta. while many attended the signing of the act mr. kurtz chose to feature only secretary of war lindley garrison sector the navy chosin -- josephus daniels postmaster general aas or olson chairman of the senate's banking and currency committee senator robert owen speaker of the house chad clarke secretary of the treasury william maca do president woodrow wilson chairman of the house committee on banking and currency representative carter glass congressman oscar oscar w. underwood and secretary of labor william wilson. two of these men carter glass and robert 01 were the chief architects of the federal reserve act. oana senator from oklahoma and classic congressman from virginia for motor legislation that would provide for regional banking system with a government controlled central wards. after months of intense negot

scott berg recounts the life and career of woodrow wilson in "wilson." in "hitler's furies: german women in the nazi killing fields," wendy lower, history professor, recalls the roles german women played in the holocaust. neil irwin, economics editor of the washington post wonk blog, reports the leaders of three central

but i think the woodrow wilson center, the brazil institute have done spectacular work. and the fact he of institutes like the atlantic council and the german marshall fund expressing interest in the region trying to establish their own focus i think is tribute to the richness of this field and the importance of it. so i personally am very grateful for the tremendous work that's done you. so thank you. and thank you, tony and paula. this was billed as a conversation with me so i would like to make it a conversation as quickly as possible. and open this up to address your interests and your concerns. but before you do that i wanted to say a few things. share a few thoughts. as many of you know i've spent nearly four years in brazil, leaving in september and coming back here to washington. added that the good fortune of being asked by secretary kerry to work with them on broader issues. i am being globalized. but my interest in brazil has not waned. quite the contrary. as brazil inserts itself even deeper into the world, it will not let me go. and so i will continue to hav

and the life and career is recounted of woodrow wilson. and inhaler series, german women and the killing fields, this author recalls the roles the german women played in the holocaust. leaders of three central banks played three major roles in avoiding an even bigger economic disaster in the alchemist, three central bankers and a world on fire. for an extended selection, visit our booktv website at booktv.org. >> this was a deliberate move to end with a controversy because it was always the perspective. in other words, she was the one that stood out to say hello and she was responsible. and i was very much the idea and she was a victim. and she should have been protected. and they say it was a transformation of an elite force into the political rally where she was killed and after. we saw videos and pictures and we talked to numerous individuals and so no delete information or police protection. and that was the beauty of this. >> secretary general geraldo maenads on the international inquiry that he led to a pakistani prime minister benaz

in the 19th century woodrow wilson debated the subject to big audiences. should we encourage the game of football? and he took the affirmative position. and his recent was that comment and let me get my trusty notes here cannot misquote president wilson. but he said, he thought football developed more moral qualities in any of the game of athletics. he pointed to decisiveness, and turns, presence of mind. he said a lot of sports encourage those qualities but there are two qualities that are really unique to football that you don't find so much in other sports. those were cooperation and self subordination. and if you think about it, in baseball we just witness the boston red sox won the world series based on -- they had a good team but really they rode one guy, or at least one position player. he was the designated hitter. he had an amazing world series, and the rest of the team was sort of okay. in hockey, if you have a hot goalie, your players can be playing mediocre, your forwards and defensemen, but you can win a stanley cup based on a hot goalie. you

in the 19th century woodrow wilson debated the subject, the big audiences. should we encourage became a football? he took the affirmative position. is reason was this, and let me get my trusty notes here in two not misquote president wilson. but he said that he thought football developed more moral qualities than any of the game of athletics, going to decisiveness, endurance, presence of mind. he said a lot of sports encourage those qualities, but there are two qualities that are unique to football that you don't find so much in other sports. those were cooperation and self subordination. if you think about it, in baseball we just witnessed the boston red sox win the world series based on, they had a good team but really they rode one guy, or least one position player. a designated hitter. he had an amazing world series and the rest of the team was sort of okay. in hockey, if you have a hot goalie, your players can be playing mediocre, or forwards, defenseman, you can when a stanley cup based on a hot goalie. you can have one great player in football and exp

woodrow wilson went to congress and got a declaration of war. host: what was the first battle that we fought? guest: the first battle was over the -- in the spring, where was it? the spring of 1918. it took about a year for american troops to get to europe. host: did it make a difference? guest: huge. it made a difference in two ways. i think the germans saw this. the way you made a huge difference was manpower. as the americans began to flood into europe, i think that eventually there were one million soldiers in europe. the german high command new the time was up. what they hope to do was win the war before the american forces arrived. once the american forces were coming in increasing numbers, it was the end for germany. host: what countries that we have been talking about in europe and russia were democracies? guest: it depends what you mean by democracy. all by 1914 had some form of constitutional government, even russia, which had traditionally been seen as the most backward of all the great powers. but it now had a constitution and a parl

they don't cover it up like woodrow wilson or anything like that. but there could have been more sympathy generated for her because her life is so tremendously hard. take away the infidelity. but she comes from the richest family in town, she has to go and live, elope, with this fellow when she's pregnant at the time of the marriage, or nonmarriage, as it was. and when she gets back to town, when she is abandoned, it is on christmas eve and she has to hitch a ride, beg a ride, on a train on christmas eve, to get home and even then she's afraid to go see her father. and must break into an abandoned home to spend the night and then sees her father and it's no, no i will not help you. finally a deal is brokered after quite a while, that i will take your son but not you. this is like way down east. this is like d.w. griffith and lillian gish on the ice floe with the christmas eve thing. this is real 19th century me lo drama and it happened to her. -- mellow drama and it happened to her. the illness, this series of things. in that way she's a sympathetic

roosevelt, woodrow wilson, fdr, reagan. how did they achieve big transformations. and the second and he wanted to talk about how to reclaim this hold on the public of the united states, because this is 2010 and he was slipping. 2011, he talked about the election, the coming election of 2012, and tell you one and a goat. he complained about congress in particular, michele bachman. shook his head and said, what she says about me, and so i said to them, mr. president, i guess you know what mark twain said about congress, and taoiseach is a. he said marc twain said the closure a congressman and suppose you were an idiot, but i repeat myself. [laughter] >> he loved it. but yeah, coming back to your point, i think there are similarities. obama is very cerebral. he is an academic, taught at law school if you wish chicago. in kennedy published books, wrote books. obama wrote books, editing it is a certain affinity for this kind of -- now kennedy was i think he was never a glad hander, and certainly obama is not a glad handed. i sat next to that one did and there's no small

on this day in 1913 president woodrow wilson signed the federal reserve act which created the u.s. central banking system. happy birthday to pearl jam front man eddie vetter 49, soap star susan lieuically 67, harry sheer from "the simpsons" 70. >>> ryan o'neal speaks out about his legal tug of war over the warhol painting and farrah fawcett. keep it here for more news, weather and sports. i'm richard lui along with dylan dreyer. have a great monday. >>> a puppy severely injured and found in a bay area dump, now the search is on for the person who hurt the dog. the latest on the investigation next. >> plus, days after fining pg&e hundreds of thousands for failure to monitor a gas pipe line the public utilities commission returns the check. we'll tell you what's behind the refund next. >> it's bittersweet. >> fans and players reminisce. the 49ers get ready to play their final regular season game at the stick. >> taking a live look outside now. you can see looking like a good start to this monday, december 23rd. this is "today in the bay."

wilson bridge. the special state commission appointed to select the site voted 5-2 to go with national harbor. james miram is the c.e.o. of mgm. >> we think this could be the most successfully resort outside of las vegas from a profit perspective. >> reporter: commissioners and consultants were mostly unimpressed with cross kroft. instead philadelphia based parks proposed a complex at the intersection of 210 and old fort road in fort washington and promised $100 million to upgrade indian highway but as commissioners spoke, it was clear skepticism about traffic and community impact hurt. >> the level of community opposition that was voiced by residents and other stakeholders related to the park site was the order of magnitude higher. >> reporter: now mgm has the approval to build a colossal complex, a large concert theater, 18-story hotel, restaurant and retail development with revenues expected to hit $700 million a year once it's open. >> i've never seen a site in my career that could be better sui

wilson. but where does he rank among the great public figures and game changers? >> the person i'd liken him to is george washington. he was the father of his country. he was the person who like george washington stepped down willingly. african leaders don't do that. they usually leave horizontally. that set the path for africa that had never been there before. so he's a man of the ages. >> finally as we watch this period of mourning, what should we know about modern south africa, such a young country but they had such a relationship with him often calling him father. often saying about old age it's time for him to rest. >> yes. and what people don't realize, it's a very young country. so the majority of people never really experienced nelson mandela as a leader. but the legacy of bringing people together, the legacy of bridging black and white, the legacy of bringing old and new is something that should live on for them. and i think it's a very hopeful time for them and should be. and it is

woodrow wilson, if dr, canon eight, liberals. here's a few representative quote from icons of the liberal intellectual establishment on democratic theory. the public are not somehow with writers that have to be put in their place. decisions must be in the hands of an intelligent minority of response bollman, namely us. we have to be protected from the trampling roar of the bewildered herd out there. you heard us have a function in a democratic society. they are supposed to lend their weight every few years to a choice among the comfortable man. apart from that, their function is to be spec taters, not participants in action. all of this is for their own good that we should not come to democratic dogmatism is about men being the best judges of their own interests. they are not. they are like young children. we're the best judges of their own interests. so the attitudes and opinions have to be controlled for their own benefit. we have to regiment their mind away in army regiments bodies and we have to discipline the institutions re

at the national harbor site beside the outer loop of the beltway just after crossing the woodrow wilson bridge. today the special state commission appointed to select a site voted 5-2 to go with national harbor. james muren is ceo of mgm. >> we think this can be the most commercially successful resort outside of las vegas from a profit perspective. >> reporter: the site was chosen over two other contenders, penn national gaming proposing a casino at lot of croft raceway, but consultants were mostly unimpressed. the late coming competitor philadelphia based parks proposed a complex at the intersection of route 210 and old ft. road at ft. washington and promised $100 million to upgrade indian head highway, but as commissioners spoke it was clear skepticism about traffic and community impact hurt. scott broom, wusa9. >>> the federal communications commission today approved mclean-based gannett's purchase of the belo corporation. gannett currently owns 23 television stations including ours. today's action means all the regulatory approvals have now been received and the deal is expected to

. >>> and president woodrow wilson signed a lot creating the nation's central bank exactly 100 years ago in response to the banking crisis of 1907, to provide the nation with a safer and more monetarily financial system. over time, the feds grew to regulating banks and suggesting monetary policy and providing services to the federal government, and keeping most of us on edge every time they hold a policy meeting. so from nbr, happy anniversary to the fed and may you have many, many more. if this year was not the year of the fed and the taper it certainly was the year of the activist investor witness icahn. >>> fascinating story about carl icahn, i was going to say in my early years of reporting you didn't even know when the fed was going to have a meeting. so they have come a long way from having transparency, we know more about their activities. i'm susie gharib, thank you for joining us. >>> and i'm tyler mathisen, have a great evening, everybody. we'll see you back here tomorrow night, christmas eve. >> nightly business report has been brought to you in part by the street.com up t

the whitehouse movie nights dating back to 1915 with woodrow wilson's screening of "the birth of a nation." the reconstruction of the war portrays ku klux klan as heroes. wilsons showed it as a political favourite. 27 years later fdr converted a cloakroom into a screening room. that is the white house movie theatre. the 40 seat room is far from perfect, narrow and directors complained about sound and focus issues. still, dwight d. eisenhower watched more than 200 westerns during his two terms. president kennedy put his famous rocking chair in the middle of the front row to help with the back pain, and later had an orthopaedic bed to watch propped up on pillars. kennedy watched "from russia with love" the night before his il-faith trip to dallas. >> lbj was not a movie pan, but watch a documentary called "a president's country" 18 times. jimmy carter viewed nearly 500 films, the first "all the president's men". president kenny had an awkward screening with "the apostle", hillary clinton diffused the tension saying, "just another quiet day at the white house. >> films of significance from l

. >> president woodrow wilson signed the federal reserve act into law a century ago this coming week, but it took another 11 months for all 12 federal reserve banks to open their doors. >>> j.p. morgan chase may number some hot water again just as the bank is finalizing a $2 billion settlement for turning a blind eye to obvious signs of fraud in bernie madoff's massive ponzi scheme. federal authorities are looking into whether the bank tried to impede the department's investigation into madoff's misdeeds. the treasury's inspector general's office says j.p. morgan is contesting a subpoena that was issued earlier this year. >> the u.s. appears to be flushed with crude. a new forecast from the energy energy administration expects domestic oil output to surge to nearly 10 million barrels a day by the year 2016 and that would be an historic high thanks to the sharp rise in shale oil extraction, but it's not just oil coming out of that shale boom. so is natural gas and the supply could last for decades. >> sharon epperson has the story. >>> after reaching a near-record level, a new governme

his decision to do that brought woodrow wilson into the white house. what were the last months of the presidency like? >> taft took his defeat with unusual grace. he was not a bad loser. press said dohe you feel disappointed, he said the american people gave me the gift of the presidency for four years. how many men have had that gift given to them. i would be and in great and the loser if i said i was angry at this point. to one of his relatives or friends in cincinnati, you have to put up with the vagaries of democracy. the american people have made their decision. i have to live by it. i cannot being agree about it. he went out on a kind of wave of goodwill. wayomebody who show the democracy, small the should operate. he was disappointed but he was not embittered. that resounded to his credit over the long haul. >> what mattered most was the law and the rule of law and the people had spoken. he could accept that much more easily. >> you're on the air. >> i was wondering if you could abouts a little bit more her three children and what became of thei

forcedil woodrow wilson the two sides to compromise, were they ready to compromise. because someting things never change. we are still having many of the same fights we had 100 years ago. our bankers to powerful? is it doing enough for main street? for wall street? host: we will hear from ben bernanke in a moment. important is the tapering and what are the next moves? i think we could call this the beginning of the end. if you go back to 2008, when the crisis was at its worst point, the federal reserve through all its conventional wisdom had it. -- at it. so they initiated quantitative easing. they did that into subsets of rounds that did not succeed. they began a third round, last september. that became known as qe3. in the last few months, ben bernanke and his colleagues concluded that that benchmark had been reached. the economy was getting better and they could begin dialing this thing back. they said they would not be going to zero. they did not say they would raise interest rates. they are merely saying they will loosen it at a slightly lower right. hopefully b

this month marks the one hundred year anniversary of president woodrow wilson signing of the federal reserve act creating one of the most powerful and secretive institutions in the united states and the decisions made by the fed's board of governors have proven to have profound implications for the global economy so what exactly is behind the curtain of the federal reserve joining us now is jim burst director of the film money for nothing inside the federal reserve available this month on d.v.d. thank you so much for being here today now i want to start off by asking you it's clear in your film that you're not a fan of alan greenspan for both his mismanagement of bubbles and keeping rates too low for too long however pole booker is clearly portrayed as the hero in your film how do you feel about volcker's latest act of valor the volcker rule coming to fruition this week you know i think we won't really know until maybe years from now how the volcker rule works i know he was lobbying for some harder. you know rules that i think congress or the lobbies really wanted i think the end res

this month marks the one hundred year anniversary of president woodrow wilson signing of the federal reserve act creating one of the most powerful and secretive institutions in the united states and the decisions made by the fed's board of governors have proven to have profound implications for the global economy so what exactly is behind the curtain of the federal reserve joining us now is jim burst director of the film money for nothing inside the federal reserve available this month on d.v.d. thank you so much for being here today now i want to start off by asking you it's clear in your film that you're not a fan of alan greenspan for both his mismanagement of bubbles and keeping rates too low for too long however pole booker is clearly portrayed as the hero in your film how do you feel about bowker's latest act of valor the volcker rule coming to fruition this week you know i think we will really know until maybe years from now how the volcker rule works i know he was lobbying for some harder you know rules that i think congress or the lobbies really wanted i think the end result

this month marks the one hundred year anniversary of president woodrow wilson signing of the federal reserve act kriti one of the most powerful and secretive institutions in the united states and the decisions made by the fed's board of governors have proven to have profound implications for the global economy so what exactly is behind the curtain of the federal reserve joining us now is jim burst director of the film money for nothing inside the federal reserve available this month on d.v.d. thank you so much for being here today now i want to start off by asking you it's clear in your film that you're not a fan of alan greenspan for both his mismanagement of bubbles and keeping rates too low for too long however paul volcker is clearly portrayed as the hero in your film how do you feel about bowker's latest act of valor the volcker rule coming to fruition this week you know i think we won't really know until maybe years from now how the volcker rule works i know he was lobbying for some harder you know rules that i think congress or the lobbies really wanted i think the end result

wilson signed the federal reserve act into law marking a pivotal point in america's monetary policy no longer was congress in control of the u.s. dollar as the constitution stipulated had been delegated to a private institution it's been the most stupendous case of mission creep almost in recorded history of government the fed it was the united states a third attempt to establish a central bank andrew jackson abolished the second one saying it congress has the right under the constitution to issue paper money it was given them to use themselves not to be delegated to individuals or corporations over the past century operating under a veil of secrecy the federal reserve has grown into arguably the most powerful of financial institution in the world the fed is not fully audited so there isn't much about it we may never know just a few years after its inception the us entered world war one the fed was then given already to buy government debt it helped finance the war it became an agency of the government rather than a banker's bank but it was during the vietnam war when president rich

wilson says. now the world knows america is the savior of the world that idea catches on big time in the one nine hundred eighty s. of ronald reagan the same time he said he supported death squads of central america supported the mujahideen in afghanistan he's talking about american but now. well that's an altruism of how we're so different but you see it in everybody you see madeleine albright the secretary of state and clinton says if we have to use force it's because where the united states where the indispensable nation has reclaimed says the same thing obama says the same thing it's not is that for obama it's different obama recently again but over and over again in the beginning was the ministration he said well i believe in american exceptionalism just as the brits believe in british exceptionalism and the greeks and greek exceptionalism he got it but now he got attacked he got pilloried by the right wingers led by mike huckabee for saying that now he's out there waving the flag talking abo

wilson signed the federal reserve act into law marking a pivotal point in america's monetary policy no longer was congress in control of the u.s. dollar as the constitution stipulated had been delegated to a private institution it's been the most stupendous case of mission creep almost in recorded history of government the fed it was the united states a third attempt to establish a central bank andrew jackson abolished the second one saying that congress has the right under the constitution to issue paper money it was given them to use themselves not to be delegated to individuals or corporations over the past century operating under a veil of secrecy the federal reserve has grown into arguably the most powerful of financial institution in the world the fed is not fully audited so there isn't much about it we may never know just a few years after its inception the us entered world war one the fed was then given already to buy government debt it helped finance the war it became an agency of the government rather than a banker's bank but it was during the vietnam war when president ri

wilson says. now the world knows america is the savior of the world. that idea catches on big time in the one nine hundred eighty s. of ronald reagan the same time he said he supported death squads in central america supporting the mujahideen in afghanistan he's talking about american benevolence and altruism and how we're so different but you see it in everybody you see madeleine albright the secretary of state and clinton says if we have to use force it's because where the united states where the indispensable nation has a reclaimed says the same thing obama says the same thing it's not is that for obama it's different obama recently again but over and over again the beginning was the ministration he said well i believe in american exceptionalism just as the brits believe in british exceptionalism and the greeks and greek exceptionalism he got it but now he got attacked they got pilloried by the right wingers led by mike huckabee for saying that now he's out there waving the flag talking about a

this month marks the one hundred year anniversary of president woodrow wilson signing of the federal reserve act creating one of the most powerful and secretive institutions in the united states and the decisions made by the fed's board of governors have proven to have profound implications for the global economy so what exactly is behind the curtain of the federal reserve joining us now is jim burst director of the film money for nothing inside the federal reserve available this month on d.v.d. thank you so much for being here today now i want to start off by asking you it's clear in your film that you're not a fan of alan greenspan for both his mismanagement of bubbles and keeping rates too low for too long however paul volcker is clearly portrayed as the hero in your film how do you feel about volcker's latest act of valor the volcker rule coming to fruition this week you know i think we will really know until maybe years from now how the volcker rule works i know he was lobbying for some harder you know rules that i think congress or the lobbies really wanted i think the end resu

month marks the one hundred year anniversary of president woodrow wilson signing of the federal reserve act kriti one of the most powerful and secretive institutions in the united states and the decisions made by the fed's board of governors have proven to have profound implications for the global economy so what exactly is behind the curtain of the federal reserve joining us now is jim worse director of the film money for nothing inside the federal reserve available this month on d.v.d. thank you so much for being here today. i want to start off by asking you know it's clear in your film that you're not a fan of alan greenspan for both his mismanagement of bubbles and keeping rates too low for too long however paul booker is clearly portrayed as the hero in your film . how do you feel about bookers made a stack of valor the volcker rule coming to fruition this week you know i think we won't really know until maybe years from now how the volcker rule works i know he was lobbying for some harder you know rules that i think the congress or the lobbies really wanted i think the end result

wilson says. now the world knows america is the savior of the world that idea catches on big time in the one nine hundred eighty s. with ronald reagan the same time he said he supported death squads of central america supported the mujahideen in afghanistan he's talking about american benevolence and altruism and how we're so different but you see it in everybody you see madeleine albright the secretary of state and clinton says if we have to use force it's because we're the united states where the indispensable nation hillary clinton says the same thing obama says the same thing it's not a obama is different obama recently again but over and over again the beginning was a ministration he said well i believe in american exceptionalism just as the brits believe in british exceptionalism and the greeks and greek exceptionalism he got it but now he got attacked he got pilloried by the right wingers led by mike huckabee for saying that now he's out there waving the flag talking about american exceptio

. >> things are running well across the woodrow wilson bridge as you see in our camera shot. we have no problems on the inner loop loop or outer loop of the beltway. ashburn farm parkway at ash bernal road, traffic lights are dark. treated as a four-way stop. 66, a good trip centreville all the way to the beltway. >> thank you very much, jim. important news this morning. >> following the massive information breach at target. that is coming up next. [ male announcer ] for every late night, every weekend worked, every idea sold... ♪ ...you deserve a cadillac, the fastest growing full-line luxury brand in the united states. including the all new 2014 cadillacts, motor trend's 2014 car of f the year. get the best offers of the season on our award d winning produc. like a 2014 ats and srx. hurry in, offers end january 2nd. >> this is "good morning washington," on your side. >> we are back and checking our top stories. lanes are back open after a ,erious accident in suitland maryland. it happened around 11:30 monday night on allentown road. one person has life-threatening injurie

wilson signed the federal reserve act into law marking a pivotal point in america's monetary policy no longer was congress in control of the u.s. dollar as the constitution stipulated had been delegated to a private institution it's been the most stupendous case of mission creep almost in recorded history of government the fed it was the united states the third attempt to establish a central bank andrew jackson abolished the second one saying it congress has the right under the constitution to issue paper money it was given them to use themselves not to be delegated to individuals or corporations over the past century operating under a veil of secrecy the federal reserve has grown into arguably the most powerful of financial institution in the world the fed is not fully audited so there isn't much about it we may never now just a few years after its inception the us entered world war one the fed was then given the authority to buy government debt it helped finance the war it became an agency of the government rather than a banker's bank but it was during the vietnam war when preside

this month marks the one hundred year anniversary of president woodrow wilson signing of the federal reserve act kriti one of the most powerful and secretive institutions in the united states and the decisions made by the fed's board of governors have proven to have profound implications for the global economy so what exactly is behind the curtain of the federal reserve joining us now is jim burst director of the film money for nothing inside the federal reserve available this month on d.v.d. thank you so much for being here today now i want to start off by asking you it's clear in your film that you're not a fan of alan greenspan for both his mismanagement of bubbles and keeping rates too low for too long however paul volcker is clearly portrayed as the hero in your film how do you feel about volcker's latest act of valor the volcker rule coming to fruition this week you know i think we will really know until maybe years from now how the volcker rule works i know he was lobbying for some harder you know rules that i think congress or the lobbies really wanted i think the end result

city upon a hill the world's eyes will be upon it woodrow wilson says after. now the world knows america is the savior of the world that idea catches on big time in the one thousand days of ronald reagan the same time he said he supported death squads in central america supported the dean and afghanistan he's talking about american benevolence and altruism and how we're so different but you see it in everybody you see madeleine albright the secretary of state and clinton says if we have to use force it's because we're the united states where the indispensable nation has a reclear and says the same thing obama says the same thing it's not a step for obama it's different obama recently again but over and over again the beginning was the ministration he said well i believe in american exceptionalism just as the brits believe in british exceptionalism in the greeks and greek exceptionalism but now he got attacked they got pilloried by the right wingers led by mike huckabee for saying that now he's out there waving the flag talking about american exceptionalism due