saying, hey, time to cool down and back this up inch the end he will fail. i have to say it very nicely. mr. president, i think it s your thing but all right, aaron, thank you. somebody has to have the golden touch. if charlie gas per recent know is right, u.s. banks are making big preparations this minute. what got them worried? a potential asset freeze. the nuclear option is not necessarily a nuclear bomb or war. it s if president obama goes out and freezes russian assets. our exposure, bank exposure to the ukraine is fairly de minimis. not a huge country. our exposure, banks score shoes to russia is huge, and if the president goes out there and says, all right, you re issue avoiding ukraine, we are going to take a step we re going to freeze your assets, that s when there s a know effect, and die know this. all the major banks, j. person morgan, they re out there
how does that affect customers. affects the market. this market will go down significantly. i you can see the markets correct 3,000-point junior on that because the banks are going to take a hit. that s the worse case scenario. we re not there yet. they re planning that might happen because look at the political situation. president obama has kind of wimp out a lot. he kind of gave putin everything he wanted in syria. they think he has to show some force, and the only force he can really show here is freezing their assets, and that s what has them worried. we re not there yet. russia has not invaded ukraine totally. they re in crimea right now. watch this ask late. if you re an investor out there and this starts ask lating you have to be really careful. i would take your money out of the market because it s going to get hairy. as charlie can remind us, the
causes not necessarily what they believe in that s not right and violation of their first amendment rights. adam, is it good for our nation and economy if right to work spreads to more states? i think it s neither here nor there for our economy, i think, stuart, what we re doing is infusing or lumping together several issues that don t need be to be lumped together. there s no question that states like wisconsin need to get their costs in line so there s no question this have to do difficult things with workers and breaking unions and going off abolishing collective bargaining, for example, the way to go about doing that, it s one way to do it. it s one particularly nasty and political way to go about doing it. but it s not the only way. the governor of wisconsin could get the costs down without specifically attempting to break the unions, which is what he s trying to do. all right, charlie. let s make it clear they re not looking to break unions, they re looking to break publi
mean, basically the same unemployment numbers as the peak of the recession. okay, but it s growing and that s the why reason gas prices have been up in the united states. now, our spiking oil prices a medium and long-term concern and is unrest in the middle east the concern for oil prices, absolutely a full count. stuart: charlie, what do you say. a place for stagflation, this is an economy that s growing by gdp because it s cutting jobs and getting cost efficiencies and it s not a kind of growing because more people are working, greater output from businesses, it s a bizarre recovery so it s not really recovery and we re getting inflation on top of that. i tell you this feels like the 1970 s and that s when you add high unemployment and rising inflation and by the way, the only way to deal with that is it to ratchet up interest rates very high and create a very, very harsh recession. we re 19 months into this recovery, a long time into
by the way we should be glad about raising revenue, given the budget situation, the deficit situation we have in our country and that s what these people do is collect revenue. stuart: all right, charlie, what do you say? i m going to skip this for a second because i don t want to be audited. (laughter) just don t call them names. stuart: and have a name and thugs, irs, now we ve added 5,000 more, i m only kidding. i agree we need a flatter tax code and some of this is the result of the fact that some some of this is to the effect. when you vote and somebody at the irs calling in fox for your social security number, that s all. they already have, charlie. the data bases the interesting thing if you re going to vote for big government. say something nice about the irs.