ought to be and is going to become i would predict but i want to maybe you could share a little bit of your own background charles i know you come out of alabama really we share little of your own background and then maybe we could move right along and get into some of these issues of substance that you are and also for the attitude you've been able positive attitude you've been able to carry along with that and then of course for your business career which did very well you went became a builder and then you build up to five television stations and you became a television person a person that owns and operates television stations and very successful in your own right yes well that's that's all to the good indeed you as a businessman also then you also become interested in public affairs because they intrude were or even i guess use that one time as a flier you realize these political decisions are affecting people in a very real and direct way and we should all become aware we should be all over should be very interested in politics and they're one of us do what we can in recent decent bill moyers is understating and the discontent is beginning to be kind of the way here in the united states where we may have in a certain sense the shell of a political democracy everyone can vote we have very much of an economic the new york times front page they had an article and a bath they had gone back to the one thousand nine hundred and seventy seven through eighty nine dollars they took twelve years they ingested for inflation and the figures are amazing after tax income one percent of the families of the united states had sixty percent of the total income gain during that twelve year period one percent and that's on top of all the all the advantages that had coming into that  exactly and now they have pretax gains they had seventy seven percent of their pretax one percent of the population coming to families right now the end of the bottom forty percent they had lost income during that twelve years again i should say very very damaging as far as washington concerned in washington politics concern but it's because it just simply shows that the rich are getting crescendo if that's the right term in terms of there being widespread a sense of discontent and and a sense of disease dis ease about the situation but you can remember back to mr roosevelt days and back in the days of the great depression another time there was a popular song the rich get rich and the poor get poorer and there were songs and over a longer haul the system has done tended to been to the advantage of those who have the well it's been building up over a long period of time it's a quantitative change or the new qualitative change that we begin to see in terms of this disparity of wealth and influence and ultimately political power kept course i situation like we had in the great depression vast amounts creating a vast amount of unemployment people homeless people people that had a good medicare people without proper food and we can't continue like this we we must have some decisive change in washington these band aid proposals that are being proposed right now by administration in my opinion yes won't get the job done yeah president bush's idea for stalling paying your income tax now you get it later and there's nothing really that foreign aid giveaways billions and billions of dollars just given to the semi foreign countries a lot of it's found its way in the pockets of the politicians all right hala the loss of jobs to foreign countries  you take them to japanese for example here when president bush went over there few months ago i think they said that they would increase their quota of american automobiles up two hundred and twenty four thousand i don't know what it was before that it seems like was twenty take some steps equal trade agreements protective tariffs whatever to worry about we protect american jobs we've got to start thinking about our people here home that's one thing got to also we've got to change our tax structure  bad it favors the working people and gets way from favored the rich is what we've got now and also we've got to have a major change in our banking system because i think as you and i have talked before our federal reserve system is a so called fedders or system should be called bankers or system because it is owned by the banks and it's no more party united states government in general motors or ford motor company is party united states government in the words are central banking system right now is owned by the private  very industrious that disposed to regulate they own nice twelve private federal reserve banks around the country yeah i think probably most people don't really know if you are very few people would understand it and yet this is an institution where such the terms of credit already is an ever major country in the world seen with one minor exception now with this in mind in one thousand and thirteen congress without the benefit of a constitutional amendment which meant it was illegal to start with because you cannot legally mean the constitution lets you have a constitutional amendment who bought the voters they turn this writer with the bankers the bankers they went out and in the language of the farmer they made h they divided the united states up into twelve districts they incorporated a private private means for profit in each one of these districts you can own stock in it i can own stock in it the only people that can actually  stock of this bank or that would mean in a certain sense that we have a congress and we have a political process that is supposed to represent the people that would mean that the people as a whole and the car or the congressman or the congress people representing the people fact you see no no they'd like to call them sales the independent federal reserve system or what's independent about being told by the very industrious post to regulate i mean you know they are not independent at all now they are independent of any like that when new currency is printed up that money is deposited in the treasures that country where used to be in this country right now our government printing presses print up something like over ten billion dollars in new currency each year  if that money was deposited are united states treasury work should be and would be if the central banking system was in our central government where it was placed by our constitution that would be ten billion dollars less taxes each year that would have to be paid by the people  would be used to pay the bills of the treasure we have which would be ten billion dollars less money taxes less income taxes that would need to get out the taxpayers united states so that they don't put it in there we're going to get it by taxing the people to go down to the rich is actually exactly yeah and now let me tell you one thousand dollars bills and ten thousand dollars bills course they don't print those up anymore because of their drug use you know but right now to dis to dis today that these federal reserve banks bankers are going to should call if you want to call the bankers reserve bank of their own by all private bankers and it's a private company right they use federal to deceive the people it's like a state it's not federal it's private so that's private it's private i want to go into this because of course the governors are appointed by the president things  get seven dollars a half this year return on a three cent investment for now this is a twenty five thousand percent return on their money now when they lend it out the private sector they get much higher rates and seven half percent so they'll get more than a twenty five percent twenty five thousand percent return they are see right now and they still got two hundred dollars and yet they get that twenty five thousand percent return on its recent investment now that this good deal for the overworked recall of the american people and it has tremendous implications it's the biggest rip off this ever occurred in the history of mankind and birch nobody does anything about it for example we have an actual us laws in this country yes if somethin station operator gets together with his competitor cross tree fixed price gasoline in the united states justice part and finds out about it they'll throw money to jail that's right ye other commercial banks united states followed suit not one ever doesn't follow suit they all follow suit within minutes sounds a little like a cartel worse than that in the justice department sits then of course the end i found they could never get the federal reserve to ask me what i mean over in the in the united states foreign commerce he said the toils federal reserve district banks are private corporations owned by the member banks just what i told you a minute ago right there private and you would like to call it the private banking in that riser that's right ok so so that's the way it is right now in so this is one of the reasons why that out a little bit the relationship between that because we have mr greenspan now we have paul volcker and we do have this quasar relationship we have this private entity then we have the fed the federal d reserve ointment the federal reserve maybe you could spell that because this is an important question isn't it in particular important terms of your presidential campaign because the far as i know you're the only person who is really delving into this incredibly important question which sets the terms by which money and interest and business is conducted in  people that they've got some kind of control like the federer's or board they sit they are the seven members and they have an what's called an open market committee the open market committee is one that access sets the interest rates and like that but there was a kind of a crown at so now they keep their meeting secret for ninety days but during that ninety days the people that are in the know they can make hay while the sun shines because if you knew that in straits going to go up and down o money is going to be tight and you know pretty well how the stock market is going to go and futures and the s and commodities market you can make a lot of money william greider wrote a book called the secrets of the temple exactly how the right is something how the federal reserve board or the federal reserve runs the country he was right and most ninety nine point nine percent of the people in this country probably have no knowledge or understanding of the importance of that mr gratton knew what he's talking about his st in my ok now the end but let me go back to so fascinating only five of those members of this of these twelve governors actually vote in any one meeting now the new york reserve  on the terms of business and their products sound effects upon the general citizenry is exactly right that president governor of one of those private banks i'm sure what a conflict of interest he's got a conflict of interest already yes sitting there if he votes to lower interest rates that help the people if you vote to raise interest rates then his bank will make a lot more profits he get past in the back a better golden parachute when he retires and probably in maybe a bone or something like that so yeah they're probably doing really well was court american automobile labor cost to be built into it health costs are built into it interest rates cost to be able to into it energy cost built into you know the consumer always pays and that interest rate cost is an incredibly important country these banks have been making a field day with with all the money they make and not painting contacts on it is just bring our country down economically i mean we're we're just every day the roads are going down down down we creating a fast army o unemployed people don't have adequate care if people don't have adequate food oh yeah yeah and in this building to a crescendo of mass support the popular support discontent with the contents of the conditions in this in this country is being seen in the campaigns of many many people yourself jerry brown mr buchanan mr perot's coming in but d i want to come back to those but i want to follow through on this if i make with this federal reserve business if i may you've also said in some of your literature that some of the things that could happen if there were reforms of that federal reserve and some of the the the assets that are contained within that federal reserve system if they could be adequately utilized could have a profound effect as far as our deficit is concerned and it could have profound effect in terms of the economy and this is a good underscoring the fact punctuating the fact we should say perhaps is that we the people have no democratic control over these conditions by which business is to be conducted you know that st as a businessman also does and says no because these decisions affect everyday life there but i like that that idea of the assets that are contained within that system and what the implications could be if it were in a certain what whatever it was during his entire administration he had been straight they brought him down flat all the way through which shows you what a strong president who understood the banking system could do he wanted to but right now is a  the people united states homes take home nationwide television the congress in session say this is situation and i want these to come out congress how i want them to pass a law that will put our central banking system back in the hands are central go before us placed our constitution giving us some democratic control over there where you the rectory you have some control if the rascals up here don't do right to vote i'm out you know you've got also the federal reserve board they all jack up interest rates they say would fight bankrupt people who let out of work they have to go on unemployment compensation or other welfare benefits food stamps is that and they become a drain on the government say all right now to me i say this is listen let's keep a strong economy in the way you keep a strong economy is good low interest rates and ample money supply then we can once we have a strong economy with full employment then we can worry about inflation because if a man's got a job he can cope it's it's very devastating to people in very devastating to our economy city but back to what a president could do so what would happen if he if the president has guts congress to vote simply do nothing in the world except put our central banking system back in the an measure control over the banking system which not now we have virtually none sir right now with this in mind some things they always make a political football in the car augurs well that's that they're going to say that they will they're going to say we want to have some responsible people who are free from the heat of passion a little bit moment in order to guide the ship right they will say and we are the best ones to do it we bankers in a democracy to me everything in the congress is a political football back and forth health care what is a bit of a football and something as important as interest rates and dollar which business can be done or do you know when the interest in england where they have the bank of england with their central bank they can't raise interest rates unless the prime minister tremendous amount of money in east where private banks and the assets in the twelve dollars that's right and they came along and became part of our central government a book keeping it free could wipe out the four hundred billion dollars deficit overnight that's amazing the the federal reserve system would continue to function just like it does now clearing checks and wiring money and the various lending money out of private banks to various other functions that it now does it would continue do sane people in place  people of this country with their high interest rates and everything they've in charge and that's where those profits are and they've never paid income tax on them and so there they are there in that those twelve private banks there's hundreds of billions of dollars in there and what are they there for what is it was the rationale what are they there for what is their purpose what are they serving what is this what is it because it could be in the order of multibillion dollars that are in it all and what is the price of their ok right now their insurance or to pursue this as a presidential candidate or it could be brought up as a it could be brought up the issue could be brought up mr gonzales or somebody could bring this up within the congress certainly you would have to you would have to gain a group good deal of popular support for this because you would be coming up against some mighty mighty mighty powerful interests of the slip american banking association and a number of other people who have an interest in the way things is here but look at it this way if a president told the people to congress in front of the to the mass discontent that there is obvious now the series bill moyers is doing on public television the report of the philadelphia inquirer which shows that there's something fundamentally wrong with in this country and there's a wide populous discontent with the way things are in this country i mean if i could be tied as an issue to one of the major contributing factors to the in equality that exists the economic concentration of power the cutting out of the mass of the people from an access to a decent standard of living that this is one major contributor to that that's a powerful political issue that ought to be included within the political dialogue and seems to go unnoticed except by you if i may say so to me it's a major major factor that in a deterioration of our economy yeah or a major factor say high interest rates you know they price the products out of our hands of our people  and certainly to make it isn't it should be the major factor not thinkable can will be if i was making a prediction i would say that next year at the elections are over now that the federal reserve system would be the hottest news admin the country you think is going to stay or the faction they are well it's coming out again in the there is this mass discontent which is coming to a you know unprecedented i think almost at least since the thirty's i think perhaps since the depression people there's a deep seated sense of disquietude with the way things are and there's a sense that that there's something fundamentally structurally wrong that this is one of the things that could address that i wonder as a presidential candidate again you were talking another this is a major one dollar and one dollar that ought to be brought up others are we have in general a society that is economically we said earlier we have a quiz i political democracy each person over what eighteen i think has a vote that they can vote yes fifty percent of the people don't even vote right now in presidential elections it keeps dropping seven percent voted in our primary or new york city or new york state less and less interest in the political process because they feel outside of that and it's all becoming to grider showed in his piece the other day it's all becoming the business of america's all becoming the purview of a few elite people at the top that have control of and ownership of the wealth that is running this economy and what vast numbers of people feel outside that's a general proposition that we're in that situation an unprecedented way there you have to write let me tell you a recent example of the s we have what's called a federal government has never according to the american bankers association they put out a brochure last year about how they paid every penny of it and never had to govern ever put a penny in today if the if the s c and i like it fine well and good that was to december now the banks because of some of the things that are happening including not pinioned they are their own doing a lot of smaller banks are getting financial trouble homes are being foreclosed are not commercial and i we've already gone through the yeah ok the private banks to get in troubled homes being foreclosed upon the cars being repossessed people losing their jobs bank businesses going bankrupt some of the small banks are still looks like they're going to fold up on the bankers they realized that they were election they kept it all under the under the under the under the covers or something until after the election and then it is right now he says we may be having the same thing coming up is ninety two dollars election except rather being the savings and loan it's going to be the commercial banks well here they're going to hit us up again the tax we're going to hit over the they voted for seventy billion dollars yeah but that's only just maybe the beginning it was started that way it started with a certain amount if i may with the savings and loan so that might be just the beginning of  seventy billion dollars few months before and didn't say a word of a word about being budget busting in the press and a few few months before they at they wouldn't appropriate something like four billion dollars for it was budget buster yes indeed w runs on the banks right you've heard this and this is what they're going to say it's responsible to the depositors within the banking systems and so on but we won't have runs in the banks you know if it was operated in our central government it would be operated primarily for the benefit of the our workforce and you're absolutely right that one thing about the discontent in this country with people who the government it's a big big factor i mean it's growing and growing every day it is growing it doesn't seem to be any of you put as you put out you know by by the people the you know the republican democratic kind of approach is that they seem not to address those you seem to those are two major things right there that you just touched upon then there's a whole series of positions that you take which generally if i may try to summarize do we have unlimited we don't have unlimited time but in general you think we need to have mr roosevelt used to talk about a new deal we need to have proposition that is the basis of your campaign and is a series of other than progressive income tax and so what but in general we need a mass based support movement and this is why you're running for president in not inform people as much as i can  health care for example health care is built into the cost of everything you know absolutely ok now health care his skyrocketing this country first is a vast amount of people  millions who don't have a health care at all they get sick they die in that that's when the constable and all ok now the and then there's a lot of people that had health care but now the and with the rise in insurance costs premiums to cover these calls they've lost any health insurance so we've got millions of people out there who don't have any health protection to speak of whatsoever now the only way that i know to contain health calls is to lower and contain it is a national health plan and see we're the only major country in a world outside of south africa that does not have a national health plan for all of its citizens including those who cannot afford to  cost the passive cost and that make it very imperative to well to me though their defense for a person's health is just as important as defense or lie and you know we spend billions of dollars a year of law enforcement justifiably so the protection or a life in a country justified so per se we spend virtually nothing own the health of people now the end if we had a national health plan health calls could be lowered in contained then we wouldn't have the people having to pay a lot more for a quart of milk per hope for bread or for our car because the health cost being built in there and it's in let me give you another bad thing is happening and with these high health calls the japanese i'm told try to sell him overseas they're not going to well it might be just in a general sense in a general sense your proposition is that we need to address questions of social justice and that there are things that can be done in the name of social justice and you as a businessman who's operated as a businessman that we're tried to that's it that's a general position that you have to yes you know anything that helps the consumer person power hits the goban helps businessmen because that consumer working people out there what they do they  houses and they go back cars and clothes and things like this with their money when they do that that creates jobs in those jobs creates more jobs everybody benefits the government benefits because you get more taxes these last unemployment compensation has been paid less it's in the best way to have that is try to keep as much person power in the hands are working peepers our consumers as we possibly can and let's try to keep those in phrases logo again in order to get out of the home that i had ordered let those people have the wherewithal and that some demand  i mean in order to make these products we can make an technologically we have the capacity we've got it people with the wherewithal to buy what's going to be made zakk listen if interest rates were lower today say prime rate which is now six in the quarter same i think  lower today say four percent and some legislation was passed particular because our central banking system has our central government can do this legislation pass it don't keep that interest rate low for a long period of time because you have an explosion by all these things and that would create jobs in almost overnight not quite overnight almost overnight we would have a strong economy with full employment ok maybe some little inflation perhaps but it could be  running for office here for the present united states in one thousand nine hundred and two he's got some very very unique ideas that ought to be well understood and picked up on by other people particularly in the press in the general society happy to been able to bring you his perceptions as a present pleasure to welcome to new and we say good night and we will see you next week goodnight