CapitalAccount's video: Barry Habib and John Butler: Are we Buying Housing or Burning the Furniture

check us out on Facebook http://www.facebook.com/CapitalAccount Follow us @ http://twitter.com/laurenlyster http://twitter.com/coveringdelta Welcome to Capital Account. The BLS jobs number report for November came in better than expected with 146 thousand jobs added and unemployment dropping to 7.7 percent, the lowest since 2008. However, the decrease in the unemployment rate was due to a drop in labor force participation. And how does the steady decrease in average hourly earnings factor in? We talk to Barry Habib, Vice President of Residential Finance Corporation, about his reaction to the jobs numbers. Barry gives us his outlook for housing and explains why he thinks it is a bright spot for the economy. Plus, the FOMC meets next week and some anticipate an announcement for more bond purchases. The continuation of Quantitative Easing is part of the Federal Reserve's effort to support the economy, but what if the Fed's manipulation of interest rates actually hurts growth? We talk to John Butler, founder of Amphora Capital and author of the Golden Revolution, about the antidote to unhinged money printing and centrally planned price fixing. John Butler also counters some claims heard on the show earlier this week, including the idea that there is not enough liquidity in gold to serve as a global reserve currency, and that returning to a gold standard would be a mistake. And our interview with author Kevin Phillips about his account of 1775 led to some questions on the economic history of the American Revolution. Lauren responds to your comments in Viewer Feedback.