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The unbacked paper money system is an economically and socially destructive system—with far-reaching and harmful economic and social consequences beyond what most people would imagine. Fiat money is inflationary; it benefits some at the expense of many others; it causes boom-and-bust cycles; it corrupts the morality of society; it will ultimately end in a major bust; and it leads to overindebtedness. The Institute of International Finance (IIF) estimates that global debt climbed to $277 trillion by the end of 2020, amounting to a staggering 365 percent of world gross domestic product (GDP)...

All right, moments from now, the president heads to the capitol to speak before the peace memorial law enforcement association, recognizing those who died in the line of duty. he just spoke to a group of officers inside the oval office. we just got that tape. let's listen in. >> last year, 118 officers died in the line of duty, and of those, 66 were victims of malicious attacks. these attacks increased by nearly 40% from the year 2015. this must end, and that's why in my first action having to do with this subject, the department of justice i am asking to develop a strategy to better prevent a...

But we're going to have to change our laws. and this is not something i can do by myself. i've got to have -- >> well, let's bring in nbc's kelly o'donnell, at capitol hill, where she is often found. what do you think the people you recover every day, republican, democrat, progressive, conservative? are they saying same old same old? what do you think they're saying when they hear the president being so earnest there about doing something? >> the last line is the shouting at each other must end. covering members of congress day in, day out and seeing the lines

Should only be raised with significant spending cuts and no tax increases. both talking past each other must end. >> we'll start getting in the danger zone if we don't get together and look for a honorable compromise, a balanced down payment on the deficit. >> a deal is needed in the next two or three weeks and warn if the markets start to react, they'll have waited a day too long. >> bret: mikemike emanuel, thank you. >> a lot of political cash is coming in iowa with more on the way. we'll get a clearer picture on which candidates are leaving that part of the race. carl cameron is on the mone...