not on the issues, but on the surface stuff that doesn t actually matter. i guarantee there will be handshakes and smiles. who knows what they talk about, but that will be the focus. remember his trip to the middle east, to saudi arabia. ed wasn t necessarily on terrorism, it was on the optics of the trip. i think a lot of people are frustrated by that and i ll thing that s going to change with the g20 summit. charles: the president of the united states should not change who he is or what he s trying to achieve because of prewritten stories by the mainstream media. that s what i think. to underscore what you said, whatever your agenda is gillian: i would encourage people when they re watching the coverage about this, when they re reading about it, look for things beyond if the president seemed friendly. look for key issues that are discussed. look to see if you make any headway. abby: and demand more from
if the fed wasn t holding it back how much higher would it be? fed is the problem. older folks who are afraid to play the stock market don t have anything to do with money. now you put it in a bank account and you lose money because of inflation. you need a microsoft to look at returns. they are so small. to john s point, if the money is away it will get devalued because the value is dropping. it will get hurt. that is changing the number of ounces in a pound when the dollar is hurt. fed is in state of emergency. economic hype con dryiac. they are hypochondriac. but i m not sure that the stock market is in a bubble. trading on a basis at half of the dot-com era. david: rich, i don t know about that. a lot of people don t feel like it s a bubble but most
comprehensive strategy. he was concerned about half steps that wouldn t have strategic objectives. but i would be very surprise fed wasn t supportive of some sort of strike in syria given the dynamics and concerns there needs to be a response to chemical weapons. martha: it would appear senator mccain is central to president obama gaining the support he need in congress. let s take a hissen from this quote at speaks to what we are talking about here. the syrian rebels on u.s. military action. this is coming from colonel kadi. he says a light strike would be worse than doing nothing. fit not a death blow this helps the regime even more. what do you think about that?
order to keep interest rates low. let me give you background using a couple charts. the first one takes a look at our deficit. obviously each year when we run a deficit, we then have to go out and borrow money to fund that deficit. back in the 05, 06, 07 period the deficits were low, funded heavily by foreign borrowing, although they look small now in retrospect. fed wasn t terribly active. private sector meaning americans weren t terribly active. then in 08 the deficits exploded and so they had to be funded and initially the private sector, which is the green bars, the red which is the foreign buyers, continued to step up their purchases and the fed was more active but not that active. when you get to 2011, interesting thing happens. the private sector steps back, i think there was a conventional feeling that interest rates were so low here it was not an attractive investment, the foreign sector steps back, perhaps for the same reason, perhaps for other agendas, and
dollar, oil or gas will get a lot more expense and inflation will be more of a problem. guest: absolutely, that is the case and that is what i have been warning. and people do not understand, really, if the oil prices and gasoline is going up, other things are going down like with computers, so, if inflation, it increases all prices equally it would not be a big deal but it goes in different areas and because energy is imported or international, and whether it is the cost of medical care, education, or housing money goes in to certain areas and bests the prices. you cannot get control of this if you do not control the dollar. my argument, also, is, bernanke and the federal reserve chairman has said this for 30 years i have been around, if congress did not spend to much money we would not have to protect the value of the dollar, but, if the fed wasn t monetize the debt the