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VERSUS EDUCATION.
AND HOW GOVERNMENT DYSFUNCTION
IS AFFECTING SMALL BUSINESS
OWNERS.
>>> AND AMERICA'S FOUNDING
FARES.
FATHERS.
HOW THE NEW BENJAMIN WILL MAKE
IT HARDER FOR CRIMINALS.
I'M ALI VESHI, THIS IS "REAL
MONEY."
>>> THIS IS "REAL MONEY" YOU ARE
ALWAYS THE IMPORTANT PART OF THE
SHOW.
PLEASE PARTICIPATE WITH US.
JOIN US?
CONVERSATION.
>>> WE ARE EIGHT DAYS INTO A
GOVERNMENT SHUTDOWN.
CONGRESS WILL TAKE AMERICA TO
THE BR BRINK OF DEFAULT AFTER
OCTOBER 17th.
THAT IS WHEN THE GOVERNMENT SAYS
THEY'LL RUN OUT OF MONEY AND
TRIGGER AN ECONOMIC SHUTDOWN
THAT WILL HURT US ALL.
>> YOU DON'T GET A CHANCE TO
TEENPHONE YOUR BANK AND SAY I WL
NOT PAY MY MORTGAGE UNLESS YOU
GET A XBOX.
>> YOU CAN IMAGINE SPEAKER
BOEHNER DIDN'T SEE IT THAT WAY.
STOCK MARKETS ARE NOT LIKING THE
TALK OF SELF I INFLICTED
RECESSION.
THE S SVS & P IS DOWN.
WHAT MARKETS FEEL THE MOST IS A
DEFAULT ON THE U.S. DEBT
OBLIGATIONS.
TO AVOID THAT THE TREASURY HAVE
TO PR PRIORITIZING WHAT BILLS GT
PAID AFTER OCTOBER 17th.
THAT IS NO EASY TASK.
THEY HAVE 4 MILLION TRANSACTIONS
A DAY. AND SEPA SEPARATING THET
WILL BE IMPOSSIBLE.
SUPPOSE TREASURY HAS NO CHOICE.
THEY WILL MAKE PAYMENTS FOR
POPULAR PROGRAMS ONLY AND
WITHHOLDING PAYMENTS.
COMING UP WITH THE LIST IS PURE
SPECULATION.
THE BIPARTISAN POLICY IN
WASHINGTON HAS PUT TOGETHER A
SCHEDULE OF PAYMENTS THAT THEY
MAY PRIORITIZE OVER OTHERS.
INTEREST PAYMENTS AND MEDICARE
AND MEDICADE AND SOCIAL SECURITY
AND SOCIAL WELFARE AND THAT WILL
BRING US TO 22 BILLION DOLL LARS
TDID -- DOLLARS.
THAT IS ALL THE MONEY THEY WOULD
HAVE.
THE TREASURY WOULD NOT HAVE
MONEY FOR TAXES DUE AND VETERANS
BENEFITS AND A WHOLE HOST OF
OTHER THINGS.
TOTALING $106 BILLION.
FAILURE TO RAISE THE DEBT
CEILING WILL PREVENT THE
GOVERNMENT FROM PAYING OUT THE
MONEY IT ALREADY OWES.
THE MONEY IT ALREADY OWES.
WHICH IS WHAT SOME IN CONGRESS
DO NOT UNDERSTAND.
IT'S NOT THAT COMPLICATED. AND
THAT WILL WREAK HAVOC ON THE
ECONOMY.
WHATEVER YOU THINK ON THE
FEDERAL ECONOMY AND THE
DEFICITS.
THE PLACE TO TO DEAL WITH THAT
IS ON THE FRONT END, DURING
LEGISLATION AND THROUGH THE
NON-EXISTENT BUDGETING PROCESS
ON ACAPITOL HILL HOW FENLTD A CE
YOU THAT THEY WILL RAISE THE
DEBT CEILING.
TELL ME WHAT YOU THINK BY
TWEETING ME.
OR LEAVE US A COMMENT ON
FACEBOOK.
ALL KIDDING ABOUT MY HAIRDO
ASIDE.
IF YOU HAVE ANY DOUBT THAT
NAFAILING TO RAISE THE DEBT
CEILING LISTEN TO THIS.
IF THE DR CEILING IS NOT RAISEDE
ECONOMIC GROWTH WILL FALL.
DOUG HANDLER IS THE CHIEF
ECONOMIST DOUG THANK YOU SO
MUCH.
I WANT TO HAVE THIS CONVERSATION
WITH MY VIEWERS WITHOUT THE
POLITICS.
I WANT THE ECONOMICS OF THIS.
HOW DANGEROUS IS IT THAT WE GET
INTO THIS POSITION OCTOBER 17
OCTOBER 17th THAT SOMEBODY
DUDOESN'T GET PAID IMMEDIATELY.
>> HOW DANGEROUS IS THAT.
>> IT'S EXTREMELY DANGEROUS.
THERE ARE MANY THINGS GOING ON.
20% OF GOVERNMENT EX EXPENDITURS
WOULD HAVE TO BE LOPPED OFF.
IT COULD HAVE A HUGE SPIKE IN
INTEREST RATES AS A RESULT OF
THIS AS WELL.
AND THAT FORECAST THAT WE HAD
MAY EVEN BE CONSERVATIVE.
>> YOU ARE NOT OUT LIARS ON THIS
THERE ARE A LOT OF ECONOMISTS
THAT SAY IT'S POSSIBLE.
AND A LOT OF PEOPLE SAY IT'S
FEARMONGERING.
WHEN YOU GO BACK TO AUGUST OF
2011 BY WE GOT DOWNGRADED FOR
THE FIRST TIME IN HISTORY WE
DIDN'T SEE INTEREST AGENTS ARE
SPIKE.
ARE -- INTEREST RATES SPIKE WHAT
IS DIFFERENT FROM NOW TO 2011.
>> ECONOMIC GROWTH RIGHT NOW IS
WEAKER AND MOST IMPORTANTLY THIS
IS THE SECOND TIME AROUND FOR
THE DEBT CEILING DEBATE AS WELL.
THE FIRST TIME WE COULD DISMISS
IT AS A FLUKE.
AND SECOND TIME IT'S A CONDITION
THAT IT'S A RECURRING EVENT.
AND MAYBE IN OUR HEAD WE RAISE
THE PROBABILITY THAT A ACTUAL HE
DEFAULT MAY HAPPEN.
THATS IS A CONSIDERABLE
DIFFERENCE WHEN YOU THINK OF IT
AS A REALITY.
>> THEY USED AN AN ANALOGY THE
LAST TIME AROUND YOU GO ON A
TRIP THREE DAYS AND YOU TAKES
THREE SHORTS WITH YOU AND YOU
STAY A FOURTH DAY YOU GRAB THE
CLEANEST DIRTY SHIRT YOU HAVE.
AND THE U.S. AT THE TIME IN 20 1
WAS THE CLEANEST DIRTY SHIRT.
IS THAT THE CASE WILL THE
CHINESE AND THE OTHER ASIANS AND
OTHER PENSION FUNDS FIND A PLACE
TO INVEST THEIR MONEY BECAUSE
THE U.S. KEEPS MESSING AROUND
WITH THIS OBLIGATION TO PAY?
>> EVERYTHING IS SUBI S SUBTLE S
WELL.
I DON'T THINK THERE HAS WILL BE
AN ABJECT RUN.
BUT THERE WILL BE A RISK PREMIUM
THAT WE HAVE TO PAY GOING
FORWARD HERE AND SOMETHING WE
CAN AVOID.
>> THANK YOU FOR SHARING YOUR
ANALYSIS WITH US.
>>> WELL A NEW SURVEY SHOWS THAT
SMALL BUSINESS OWNERS HAVE
BECOME SIGNIFICANTLY LESS
OPTIMISTIC ABOUT THE NEXT SIX
MONTHS.
WITH THE MADNESS GOING ON IN
WASHINGTON, CAN YOU BLAME THEM?
NOT EVERYONE IS FEELING DOWN.
WE TALK TO A SMALL MANUFACTURERS
WHO EXPECTS THE SALESSINGS TO -O
SURGE NEXT YEAR.
ALL OF THAT AND REAL MONEY WHEN
IT RETURNS.
news stories?
It drives discussion
across America.
Share your story
on TV and online.
>>> AVERAGED THE WHITE HOUSE IS
EXPECTED TO NAME JANET YELLEN AS
THE CHAIRWOMAN OF THE FEDERAL
RESERVE.
THERE ARE REPORTS THAT THE WHITE
HOUSE IS CONFIRM BEING.
IT WILL TAKE PLACE ON WEDNESDAY
AT 3 P.M. AT THE WHITE HOUSE.
JANET YELLEN IS THE VICE CHAIR
OF THE FEDERAL RESERVE.
SHE WOULD BE THE FIRST PERSON TO
LEAVE THE FED.
SHE WAS IN WITH LARRY SUMMERS
WHO WITHDREW HIS NAME FROM
RUNNING A FEW WEEKS AGO BECAUSE
THIS IS A TROF CONTROVERSIAL
CAMPAIGN.
JANET YELLEN WAS EXPECTED AFTER
LARRY SUMMERS STEPPED OUT TO
TAKE OVER.
SHE WILL BE THE FED CHIEF.
>>> THE TERM FOR .
>>> AMERICA'S SMALL BUSINESSES
ACCOUNT FOR HE HALF OF ALL SMALL
SECTOR JOBS.
HOW DO THE COMPANIES FEEL ABOUT
HIRING AND HOW THE ECONOMY
MATTERS.
ON TUESDAY WE GOT A NEW READ.
THE SMALL BUSINESS OPTIMISM
INDEX FELL IN SEPTEMBER TWO
TENTHS OF A POINT.
THE EXPECTATIONS OF BUSINESS AND
ECONOMIC CONDITIONS SIX MONTHS
AHEAD.
THE NFIB SAYS THE REASON FOR
THAT DROP MAY BE THE LOOMING
GOVERNMENT SHUTDOWN WHEN THE
SURVEY OF SMALL BUSINESS OWNERS
WWAS TAKEN.
WE ARE IN THE SHUTDOWN NOW.
IN TERMS OF HIRING, 20% OF
EMPLOYERS HAD JOB OPENINGS THINK
COULDN'T FILL.
THEY SAID IT WAS A POSITIVE FOR
THE NATIONS UNEMPLOYMENT RATE.
JOINING US NOW IS JEAN CARD AND
SHE IS THE VICE PRESIDENT OF THE
NATIONAL FEDERATION OF SMALL
BUSINESS WHICH REPRESENTS
350,000 SMALL BUSINESSES IN THE
UNITED STATES.
REALLY THE ENGINE OF THE JOB
GROWTH IN THE U.S.
JEAN THANK YOU FOR BEING WITH
US.
>> WHAT IS YOUR GENERAL TAKE
AWAY ON HOW SMALL BUSINESSES ARE
FEELING IN AMERICA.
THE GENERAL TAKE AWAY HAS NOT
BEEN GOOD.
IT HAS NOT BEEN GOOD FOR
SOMETIME.
WE HAVE BEEN DOING THIS INDEX
FORFOR 40 YEARS.
SMALL BUSINESS SHOULD BE DOING
BETTER AT THIS POINT.
WE SEE THEM LEAD AN ECONOMY OUT
OF RECESSION AND CREATE THE JOBS
AND WE SEE BHAD BAD NEWS AND AK
OF OPTIMISM FOR SIX MONTHS.
IT'S NOT LOOKING GOOD AND IT
HASN'T FOR SOMETIME WHICH IS A
BAD SIGN.
>> THE LAST YEAR HAS NOT BEEN
BAD ECONOMICALLY.
WE HAVE BEEN CREATING JOBS AND
HOME PRICES HAVE BEEN GOING UP
AND THAT HAS HELPED RETAILERS
AND INTEREST RATES REMAINED LOW.
ALL SO SORTS OF GOOD THINGS ARE
HAPPENING.
IF PEOPLE ARE PESSIMISTIC ABOUT
THE NEXT SIX MONTHS IT'S ALL THE
NOISE COMING OUT OF WASHINGTON.
THAT IS A SAFE BET.
SMALL BUSINESS OWNERS ARE PAYING
ATTENTION TO WHAT IS GOING ON IN
WASHINGTON.
IT'S A SECTOR THAT IS LISTENING.
IT'S NOT JUST THE FINANCIAL
MARKETS.
THE SMALL BUSI BUSINESS CREATEST
OF JOBS.
AND DON'T FORGET ABOUT THE
HEALTHCARE LAW.
THAT FOR THE SMALL BUSINESS
COMMUNITY IS BAD NEWS.
AND THEY WERE LOOKING DOWN THE
BBARREL OF OCTOBER 1.
>> YOU SAID BAD NEWS AND WE
DON'T KNOW WHAT BAD NEWS YET.
MOST SMALL BUSINESSES DON'T KNOW
HOW OBAMACARE IS GOING TO AFFECT
THEIR BOTTOM LINE.
WHERE ARE THEY IN THAT PROCESS?
MOST SMALL BUSINESSES DON'T HAVE
A HR DEPARTMENT THAT CAN'T
FIGURE IT OUT FOR THEM.
>> THAT IS ESSENTIALLY PART OF
THE PROBLEM.
THEY KNOW IT'S COMPLICATED.
THEY THOUG KNOW THERE ARE THINGY
HAVE TO COMPLY WITH AND THEY
DON'T KNOW WHAT AND HOW.
THE SENSE IS FOREBODING AND IT'S
THE UNKNOWN.
THE INFORMATION THEY ARE GETTING
RIGHT AWAY IS WHEN THEY HEAR
FROM THEIR INSURANCE AGENT WHO
SAYS, YOUR PREMIUMS ARE GOING
UP.
THE REST IS UNCLEAR AND IT HE
CCREATES AN OVERALL FEELING THIS
IS NOT GOING TO BE GOOD.
>> JEAN THANK YOU FOR BEING WITH
US SHE IS WITH THE NATIONAL
FEDERATION OF INDEPENDENT
BUSINESS.
>> NOW AMONG TH THE OTHER FINDIS
THEY EXPECT THE SALES TO GROW IN
THE YEAR AHEAD.
THE COMPANY IS CALLED WORLD
CLASS TECHNOLOGY AND IT EXPECTS
SALES TO GROW 40% NEXT YEAR TO
$16 MILLION JOINING US TO
EXPLAIN IS KENT JENSEN.
HE IS THE COMPANY'S CHIEF
FINANCIAL OFFICER.
40%.
WOULDWOW!
, ARE PEOPLE BEING BORN WITH
MORE CROOKED TEETH.
>> WE ARE ROLLING OUT NEW
TECHNOLOGY AND WE ARE TAKING
THAT DIRECTLY TO THE OU OR THAT
ORTHADONTIST.
IT'S SPECIFIC TO YOUR COMPANY
AND NOT WHAT Y YOU MAKE.
IT'S NOT THAT ECONOMY IS GOING
TO SURGE AS A RESULT YOU WILL
SEE 40% MORE SALES.
>> THAT IS CORRECT.
THE ECONOMY IS SEGMENT BY
SEGMENT.
IT SO HAPPENS THAT THAT WE AREA
GOOD POSITION.
WE ARE TAKING THE PRODUCTS TO
THE ORTHODONTIST.
AND WE ARE TAKING THE PRODUCT
INTERNATIONALLY AND LOWER THE
COIFLT.
COST.
THAT IS HELPING US.
>> WHAT IS THE WAY IN WHICH YOU
LOWER COST?
>> WE ARE DIRECT ME MANUFACTURIG
AND WE MANUFACTURE OURSELVES.
WE HAVE A LOW COST TO
MANUFACTURING.
I THINK WE COMPETE VERY WELL
WITH INTERNATIONAL BOR PRODUCERN
CHINA AND BRAZIL.
THAT IS WHY OUR INTERNATIONAL
AND DOMESTIC SECTION IS GROWING
AS WELL.
>> HALF OF YOUR SALES COME FROM
EXPORT SALES.
THE MIDDLE EAST AND SOUTH
AMERICA.
WE HEAR IT'S CHEAPER TO
MANUFACTURE AND I WILL IN CHINA
AND OTHER LOW COST MANUFACTURING
COUNTRIES.
YOU DO YOUR MANUFACTURING HERE
IN THE UNITED STATES?
>> ONE HUNDRED% RIGHT HERE IN
OREGON.
AND WE HAVE SOME AUTO MA A AUTO.
WE MANUFACTURE THE TOOLS AND THE
DYES THAT MAKE OUR PRODUCT AND
THE MACHINES THAT MANUFACTURE
THE PRODUCT ARE HIGHLY
AUTOMATED.
>> ARE YOU WORRIED ABOUT THE
CONVERSATION GOING ON RIGHT NOW
ABOUT THE DEBT CEILING?
>> SURE.
YOU HAVE TO WATCH THAT.
THEY'LL OBVIOUSLY HAVE TO COME
UP WITH A SOLUTION AND RAISE THE
DEBT CEILING.
WE'LL MOVE ON.
A LOT OF IT IS POLITICAL AND I
THINK WE'LL GET PAST IT JUST
FINE.
>> I THINK IT'S ENTIRELY
POLITICAL.
>>> ALL RIGHT.
MONEY, MONEY.
THE NEW BENJAMINS ROLLED OUT
TODAY LOADED WITH PLENTY OF
SECURITY FEATURES TO KEEP THE
CCOUNTERFITTERS CRYING.
>>> I WILL DO SHOW AND TELL WHEN
"REAL MONEY" CONTINUES.
>>> HOW MUCH CASH IS WITHDRAWN
BY AMERICANS EVERY DAY FROM
ATM'S.
THOSE ARE YOUR OPTIONS.
THE ANSWER WHEN "REAL MONEY"
CONTINUES.
♪♪
ZBLR
>> SOMEONE INCREDIBLY FAMOUS TO
THE A FACIAL LIFT.
FACIAL -- FACELIFT.
TODAY T THIS ONE HUNDRED DOLLAR
BILL GOES INTO CIRCULATION.
THE TREASURY DEPARTMENT SPENT
EXTRA MONEY TO PRINT IT.
YOU SEE THE B BLUE STRIPE DOWN
HERE.
IT'S A SECURITY TE FEATURE IF YU
TILT THE BILL IT CHANGES FROM
LIBERTY BELLS TO THE NUMBER ONE
HUNDRED.
VERY HARD TO REPLICATE.
THCOUNTRIES WITH HIGH INFLATION
TRUST.
BUT AS A CANADIAN, LET ME MAKE
ONE QUICK PITCH HERE.
TAKE A LOOK AT THIS E .
WHY NOT TRY THE CANADIAN
100-DOLLAR NOTE.
IT'S GOT A SAUCY LITTLE BIT ON
THE SIDE AND INSULIN VILE ON THE
FRONT AND IT'S WORTH A LITTLE
MORE THAN A U.S. HUNDRED DOLLAR
BILL.
CHRIS IS AN EXPERT ON THIS FANY
100-DOLLAR BILL.
HE IS THE PRESIDENT OF GARDA
LOGISTICS.
CHRIS, THANK YOU FOR BEING WITH
US BELL.
.WHAT IS SO COOL ABOUT THIS ONE
HUNDRED DOLLAR BILL.
>> ALI IT'S GREAT TO SEE YOU
AGAIN AND THANK YOU FOR THE
INVITE.
IT'S A HIGH QUALITY
BILL.
IT HAS ALL OF THE SECURITY
FEATURES THAT ENHANCES THE FAITH
IN THE U.S. FEDERAL RESERVE.
, YOU GUYS DEAL WITH MONEY ALL
THE TIME.
IS IT YOUR CONCERN.
DO YOU HAVE TO DEAL WITH THE
IDEA OF COUNTERFITTING THE IDEA
THERE IS A LOT OF MONEY AROUND.
>> WE DO.
EVERY SINGLE DAY WE ARE ON THE
FRONT LINE AGAINST COUNTER
COUNTERFITTING AND EVERY SINGLE
PERSON IN O OUR VAULT IS COMING
ACROSS THOSE EVERY DAY.
YOU HAVE THE MARK IN MIAMI AND
LOS ANGELES AND NEW YORK AND
THEY ARE LEADING THE PACK IN
COUNTERFIT ATTEMPTS.
>> THE 100 IS THE MI MOST POPULR
BILL.
ITFOR PEOPLE TO HANG ON TO BUT
IT'S THE MOST COUNTERFITTED
BILL.
>> IT IS.
WE REDUCED THE COUNTERFITTING IN
AMERICA.
>> HOW MUCH CASH IS WITHDRAWN
EVERY DAY BY AMERICANS FROM
ATM'S.
CHRIS WE PUT UP A FEW OPTIONS
THERE AND I DON'T KNOW THE
ANSWER BUT YOU DO.
>> THE ANSWER IS 3 TO
$5 BILLION.
THAT IS THE AMOUNT OF CURRENCY
WITHDRAWN BY AMERICANS EVERY
SINGLE DAY FROM THE ATM NETWORKS
ALONE.
THAT EXCLUDES THE BANKING
TRANSACTIONS AND ANY OTHER FORM
OF CURRENCY.
>> WE ARE A CASHLESS SOCIETY I
THOUGHT.
HOW IS IT WE ARE TAKING
$3 BILLION PLUS OUT OF ATM'S
AEVERY DAY.
WE ARE SEEING THE EL ELECTRONIC
TRANSACTIONS AND THE SAME TIME
THE VELOCITY OF MONEY AND THE
VELOCITY OF CIRCULATION AND THE
HAMAMOUNT OF BILLS HAVE GROWN OR
THE LAST SEVERAL YEARS.
IF YOU GO BACK TO 2005 AND HOW
MANY HUNDRED DOLLAR BILLS WERE
IN CIRCULATION YOU ARE TALKING
ABOUT 500 BILLION.
AND TODAY THIS NUMBER IS
APPROACHING 900 BILLION ALMOST 1
ONE TRILLION DOLLARS IS
CIRCULATED IN 100-DOLLAR DEMOM .
>> YOU ARE MOVING MORE?
>> A LOT OF FAMILIES HAVE
REVERTED BACK TO CASH-BASED
BUDGETING FOR THE HOUSEHOLDS AND
A LOT OF PEOPLE HAVE BECOME
UNBANKABLE.
AND THEY HAVE LOST ACCESS TO
CREDIT AND BANKING PROCESS AND
THEY OPERATE ON A CASH BASIS.
>> CHRIS YOU GAVE US A PHOTO YOU
TWEETED OUT TO GIVE US A SENSE
OF A VAULT.
WE ASKED OUR VIEWERS TO TWEET IN
AND SAY HOW MUCH MONEY IS IN
THIS PHOTO AND REPLY WITH YOUR
GUESS SHERMA SAID APPROXIMATELY
$50 MILLION AND I THOUGHT I SAW
A TWEET WHERE SOMEONE SAID
$25,000 HOW MUCH MONEY IS IN
THERE?
>> IT'S ROUGHLY $34 MILLION.
IT'S A LITTLE DIFFERENT THEN IN
THE MOVIES YOU CAN'T PUT IT IN A
PRABRIEFCASE.
>> WHAT DO YOU DO WITH THE MONEY
THAT OUR VIEWERS DON'T KNOW OF?
>> WE ELIMINATE THE MONEY THAT
ENTERS THE COUNTRY THAT IS
COUNTER FIT.
WE ACT ON BEHAVE OF FEDERAL
RESERVE.
>> HOW MUCH MONEY DO YOU CARRY
AROUND WITH YOU?
>> I DON'T WANT ANYONE GOING UP
TO YOU AFTER THE SHOW AND TAKING
IT BUT DO YOU CARRY CASH CRCHLT.
>> ALI I'M A DREAM TARGET.
I DO CARRY A LOT.
>> DON'T TELL US ANYMORE.
BELLY DON'T WANT TO GET YOU IN
TROUBLE.
>>> THE SHOW IS CALLED "REAL