they all told me my language well but i will only react to situations as i have read the reports so i'm not in a position to the know i will leave them to the state department to comment on your latter point a month or so it's secure yet a call is on the docket. no more weasel words. when you have a need a direct question be prepared for a change when you throw a punch be ready for a. printout of speech and a little down to freedom to cost. hello there i'm marinated this is boom bust and these are the stories that we're tracking for you today. first up we look into the matter and magnitude of

a deal reached between netflix and comcast over the weekend netflix has decided to pony up to the cable provider but who really ends up paying in the long run we'll let you know then we had best sign off their international investor entrepreneur and chairman of p.c. research doug casey on today's show i sat down with mr casey to talk economic volatility and the global marketplace you won't want to miss our interview and finally a sun kissed edward harrison is back and he joins me to discuss avenel next in today's big deal and the risk it might have of stalling out it's all coming up so let's get to.

our lead story today net neutrality or lack thereof so what is net neutrality well with the pedia defines it as the principle that internet service providers and governments should treat all data on the internet equally not discriminating or charging differently by user content so platform application type of attached equipment and modes of communication. now in a landmark deal this past weekend comcast and netflix announced that they've reached an agreement in which netflix will pay comcast to ensure that they stream smoothly to comcast customers netflix will now get direct access to comcast broadband network now following the announcement of the deal netflix shares had a record high of four forty six and the deal effectively removes internet middlemen like cogent communications and level three now historically netflix transmitted it streaming content to broadband providers through a number of internet middlemen but since the mid two thousand and twelve just last

year two thousand and twelve the company has been trying to reduce costs by getting broadband companies to hook up directly to video distribution networks without paying fees for carrying the traffic now under the new deal comcast will connect to netflix servers at data centers operated by other companies however netflix won't be able to place its servers inside comcast own data centers as netflix had originally wanted now essentially netflix has ponied up to cut out the middleman and of the way the choke points where data was getting stuck before sensibly building a direct pipeline to comcast just for netflix so instead of public pipes for an internet at large netflix got a quick solution but at the expense of setting a terrible terrible precedent that precedent being how content providers handle massive amounts of data and who is responsible for paying for it basically the definition of anti net neutrality is illegal well today apparently so.

now with the merging markets suffering such severe volatility that many see it as a developing crisis who better to break down the global economy and geopolitical events than doug casey now doug casey is an economist bestselling author and international investor who looks at the world of finance and investing from a global perspective and as founder and chairman of casey research he looks at natural resources mining energy and commodities but also technology any geo politics now i spoke with casey earlier today and i started off by asking him where he thought economic volatility in the global economy was coming from and this is what he had to say. i would put my finger first and foremost on the.

actions of central banks around the world. their reaction to any weakness in the economy is to print up more currency units and this is happening all over the world in the united states and europe and china and japan i mean all these minor countries as well so what i expect to see even though we have some volatility now it's nothing compared to what we're going to see by the end of the here and certainly with the new year to you're going to see much higher levels of inflation all around the world and actual financial chaos of my wow now there's been a bit of chatter about moving to safe haven assets is now the time to buy gold in your opinion. well let's put it does where there are. two times in recent history when gold was not just per asset to hold but a superb speculation that was from one nine hundred seventy one when it was thirty five dollars an ounce of subsequently went to eight hundred fifty and in two

thousand and one when it was about two hundred. fifty dollars an ounce and it subsequently went to one thousand eight hundred and i point out that the two thousand and one at two hundred fifty it was cheaper in real terms than it was in one nine hundred seventy one to thirty five dollars ok now that said it's a little over thirteen hundred now right so it's not a big giveaway bargain but it was ten years ago twelve years ago but the main reason you buy gold is because it's the only financial asset that's not simultaneously somebody else's liability so that's the reason you buy gold today it's a good speculation not a one way speculation anymore but yes you should own gold everybody should own gold a significant amount of gold now what about other precious metals like silver or platinum or palladium. they're all very different to start with these are all industrial metals primarily gold is first and foremost a monetary metal it has its value not because it has other uses like dentistry and

i technology and jewelry and so forth but it's useful mainly as money that's the way to view it in most parts of the world bob knight it states or us. silver is kind of a poor man's gold but it's primarily and just real metal so it's a different proposition of course platinum and palladium are entirely industrial metals i really don't have too much interest in them i do like silver as a speculation it may be even better than the gold because so far the supply demand characteristics supply and demand are because most of the gold that's ever been mined in history about six billion ounces probably is still above ground so new mining in the production of gold is trivial by comparison that's not true a silver so what makes us stand explanation and wonder but you know that's a fantastic explanation but what's interesting is that mining companies they have not fared as well as precious metals have in the sense that they've been climbing

over the last decade how does one get exposure or the best exposure rather to this sector. well you know it's a very good time to get into gold stocks but you have to acknowledge that they're not at all the same thing as gold gold stocks are speculation. and there's a lot of. things that control bear their earnings besides the price of gold now over the last decade the prices of things like tires and these little fuel and so forth already have gone up explosively plus the gold mining itself is is not a good business it's a it's a crappy business. you've got political problems you've got not my backyard problem . i got you know so is it when you buy a gold mining stock you're speculating on many things besides the price of gold that's under the right circumstances it's

a very leveraged bet on gold and gold mining stocks are the most volatile class of stocks in the world especially the junior exploration stocks and as we speak now i think there are fantastic speculation all these things being true that i've said they have the potential to move up to ten or twenty or even fifty to one as a group over the next three or four years ok now is there a form and sees me continue continue please note i've done that they were they put in that kind of a performance many times in the past the move up ten to one on the collapse ninety five percent and i will move up twenty to why i'm a collapse ninety eight percent. very sick one very cyclical very volatile business but now is the time to buy mining stocks for just that reason you have to buy when they're cheap and nobody wants the military believes this is the time to do it some people would use that very same argument for bitcoin right now actually now i want to move on you're in europe why right now and that's

a safe country but just across the water there is argentina where the government has recently expropriated national natural resource assets now should we be worried about resource nationalism as investors. absolutely have not just in argentina and bolivia and venezuela places like that. this is true all over the world because most of the governments in the world today are bankrupt and are run by populist leaning people. anybody's assets that look like a means of production. is at risk i'm not just in argentina this is true in the united states the people's republic of california it's almost impossible to build a mine today for a temp different political reasons. so it's not particular to latin america or what you're talking about now argentina that was one of the richest countries in the world one hundred years ago when world war one broke out what happened.

the same thing that's happening as we speak in the united states right now people see all this well that's been created and. they want it just because it's with go to the same political bailiwick so the u.s. is rapidly going in the same direction as argentina but that's i've got to say that although the government of argentina is criminally insane and something which actually true of most of the governments in the world today. the culture in argentina is fantastic so wonderful place to be delightful low cost of living and once you're outside of buenos aires it's very safe and mobile sides so people shouldn't believe everything that they hear in the mass media which is basically stuff parroted by people that haven't even been to these places but i'm going to one hundred seventy five countries like i was in the congo between the wars and i

don't recommend the congo as a place to live but it was actually very pleasant so all these things are cyclical . so i'm now for a very quick break but stick around because more when we return from my interview with doug casey and then in today's big deal edward harrison and i discuss the progress of nomics in japan and as we head to a quick break here's a look at some of the closing numbers today the bell stick around.

if you leave with the economic ups and downs in the final months they belong to the old sang i and the rest of life it's going to be taking will be every week on all things. winter is when the sahara comes to life. away says palm trees a big contest it. seems. people are waiting for the biggest event of the year. the desert festival. this is true that is. leading camel races have spent the last year preparing for the grueling marathon. the day before the race there's a heavy sandstorm overcoming the power of nature is

a never ending challenge. a desert went to see. over my language as well but i will only react to situations i have read the reports and let the players know i will leave them to the state department to comment on your latter point a month or so to secure a car is on the docket no god. no more weasel words. when you say to direct question me prepared for a change when you throw a punch be ready for a battle pretty speech means little down to freedom to question. we're back with doug k.c. now in the second part of our interview i asked doug about china the chinese seems

serious about addressing bad debt problems and slowing down excessive credit growth but how does one invest to deal with these chinese slowdown that we're seen here's what dad had to say china has had a fantastic boom for the last thirty years since then chopping. opened up the economy and the growth has been real and it's been a world historical importance i mean huge frown on china and this next century is going to be the chinese sumptuary. that said these things are very cyclical and there's been an immense amount of currency creation of screen or a lot of distortions in china right in the way people produce and consume so there aren't any real bargains in china today i don't know how you. actively as an american investor or a western investor can play china at this point real estate is not cheap. i'm not

interested in chinese industrial firms perhaps. it when something goes wrong in the future and you can buy chinese stocks yielding perception current dividends which is entirely possible that would be the time to step in but i don't see any urgency to put money in china now ok interesting now china it's reputed to have a water problem and it's looking at desalination to deal with it do you think the world will have a water problem like some forecasters are predicting. well we certainly have a water problem in the us in a lot of places the big problem is the us it's that in so many places in the world absolutely in the united states the awkward service which are geological assets almost like liquid mines have been depleted and depleted and depleted and it takes hundreds even thousands of years for these aqua for us to war replenish themselves

so the answer to the question is yeah we're going to have a water problem nothing the technology can't solve however by withdrawing water from the air i mean you can pull water out of the air or in the namibian desert the driest place on the planet so technology can solve all these problems you can take water out of the oceans it's just a question of power. maybe you can use solar certainly you can use nuclear but. sure there's a lot of problems in the world trying to mine once my cousin just full of problems life is problems not that certain of them it's sad and true now let's move to peak oil hasn't been debunked by the increase in oil production in the us. you know. i've been an amateur geologist for most of my life and. there is actually something to the people while we are e. this is actually something that we should talk about for

a half an hour sometimes two. to avoid. you know. anecdotes and soundbites which stare at things the wrong direction but. let's let's put it this way. all of the a large reservoir of light sweet crude ones are important words a large reservoirs of light sweet crude have basically been discovered. and that's been true for twenty thirty forty years even so now we're going to secondary and tertiary deposits and yes there's a lot of oil out there trillions of barrels that can be retrieved from. from shale and from current status and such but it's expensive oil it's expensive oil and we're not talking about stuff that you put a hole in the ground and you pump it up for a dollar

a barrel we're talking about stuff but it's immensely capital intensive. and very expensive we're talking the costs. of the oil from bach and places like god so we're talking forty fifty dollars sixty dollars a barrel of actual costs and not only that but once it starts producing it tends to have a very very steep decline curve where production will drop off thirty percent forty percent the first year thirty or forty percent of that the next year goes like this was big wells in saudi arabia and such we jumped right in as for decades or so but yes it's something to people and it's going to get more expensive is the answer now we're a ways into this interview and we haven't touched that much on the u.s. yet but does that say anything to you about where the united states is headed in the coming years in your opinion. well it has we mentioned argentina before and

it's very clear to me that the u.s. is proud in the same path as argentina or for that matter the same path as the roman empire did our own there's a rise a plateau. characterized by high consumption and happy days and then the second law of thermodynamics takes over which is to say all systems wind down and the more complex and energy intensive they are the more precarious they are so i think we have a lot of problems in the us today well one of them is the financialization of the economy or something like twenty two percent of the u.s. economy is based on shuffling paper trading stocks right floating bottoms and this type of thing but i'd say in a healthy economy it should be ten percent of that amount another problem we have is the militarization of the american economy we're one of the only parts of the.

governmental complex that seems to work is the military but the military doesn't produce anything right and they're spending more on military. the rest of the world put together not only that but once you start doing that when what you have a bit of gold in that hammer that everything starts looking like a nail and that's another big problem with the military so the stock market's not cheap or in the middle of a gigantic bond bubble in the u.s. and on that bursts it's going to be a catastrophe much worse now in the tech bubble broke in two thousand and one or the real estate bubble broke in two thousand and seven because the bond market is much bigger so you know hold on to your hat when you predict that bubble will burst . well. look just because something is. and having a ball doesn't mean that it's imminent. and i'm very surprised that interest rates

of stay there as low as they have for as long as they have but especially is in play sions by rockets in the in the years to come right now we have inflation in assets that's where all this money that's been printed by the central banks it's going it's going into assets but the next step is it's going to go into consumer goods and when consumer inflation starts going up interest rates will inevitably follow and people forget about it was only in the early one nine hundred eighty s. that treasury securities were yielding twelve and fifteen and even eighteen percent we're going to go above that in this next like oh i think. and that was doug casey founder and chairman of casey research time now for today's big deal.

though in today's big deal i'm joined by the one the only the return of the great edward harrison now we're going to talk about japan has japan's prime minister shinzo arrow missed the mark that's the question on jack i'm joined again by edward harrison to discuss none other than of a nomics in its attempts to overcome the country's economic woes now since the one nine hundred ninety s. japan has struggled with weak economic growth and an epic battle with deflation and your prime minister shinzo all day now upon taking office in two thousand and twelve they implemented what is commonly referred to as ave nomics now it's a mix of fiscal stimulus monetary easing and structural reform meant to pull japan out of decades of fatigue first and foremost welcome back are happy i'm happy to have you back but tell me what problem is ave nomics addressing exactly and how is it trying to fix the current issues in japan well the thinking basically is is as

you were saying japan's been struggling the economy has been we had deflation and that's caused them to be permanently in this sort of depression since the one nine hundred ninety s. and the thinking is that it's just it's not enough to have huge government budget deficit is the. stimulus but you have to have more you have to have structural for and you have to have a certain degree we. increase is that in order to pull the whole package together in a way that's not just good the economy over the short term but that actually has a longer term effect that can last not just through you know a year or two but over a long. so that my next question then is what effects have received in japan from other nomics up until now what we've seen now in particular is a huge depreciation in the currency along with a tremendous run in the stock market so those are two things immediately that we

saw but we also saw in q one in q two of last year pretty big growth so they had great growth with some of the best that they've seen since the financial crisis but that since dissipated q three growth was low i think for if the numbers haven't already come out there it's also going to be low and so the question is is it going to work and what's more is that they're going to bring some tax increases on law at the same time that you see this growth deceleration want to talk about that in a second but like you said our numbers we're looking for and this coming thursday japan's ministry of public management will release its consumer price index figures and now the c.p.i. it collects prices and helps measure inflation now if you look at inflation numbers in japan they've been rising now check out this graph it shows the inflation rate for the last year and is this a sign that things are working only good is a sign that things are working and you know going back to a drug case he was saying i think the opposite of what he's saying he's talking

about high inflation the united states i'm looking at japan and say the u.s. could become the next japan because basically what happens in japan is that you know you get higher inflation but then you don't have higher wages so higher inflation higher wages what's going to happen people are going to therefore cut back on their spending and the economy is going to lapse into another recession and in the case of the united states for example that recession because of the high private sector that is going to mean do you love because people are going to be in debt it is going to be debt stress the default successor and so forth and create sort of a knock on effect that makes things even worse. hands already gone through that period for the last two decades and so you know it's going to get worse so like when you have ten percent more inflation you're going to use ten percent more of your money whether or not if you don't have that you know it's like come to something which is sort of the whole concept you're going to have inflation and

then somehow that's going to lead to a better economy just doesn't work you know people at the end of the day a sustainable economy comes from wage and income growth that's the end of the story so i guess the question is what are the lessons that the rest of the world can draw from the. you need. both they've got to go together you know the whole bunch of them just. sort of goose you know up inflation up the economy over the short term then trying to combine it with goosed up inflation isn't going to war of intially you're going to get the deficit hawks to come in they're going to say we need to stop this deficit and when that happens you're not going have anything sustainable to fall back on and the economy is going to lapse back into recession how shinzo are they not realise this or if least the people in his finance ministry not did not grasp this concept what i think he does he's put out veiled threats to companies that if they do. we raise wages that the unions and the government are

going to get on them in some way and you know it's going to be forced upon them in some capacity so i think that's what we're going to be seen next that sort of battle being fought. we're not there yet but happy not to be in japan that's for sure. that's all for now but you can see all segments featured in today's show on you tube at youtube dot com slash boom bust r.t. we also love i love hearing from you please check out our. agenda here is clear banks don't want the competition they don't want the coin to succeed the central banks that deal if you have money you don't want to compare they don't want to cryptocurrency. they are going to report the news in a way that reflects their interests unfortunately there is no sure objective news source anymore except aside from the bush.

pulls silence on. child legal rights. to the. lives. of the young girls cammo for the future hunger. between two and three hundred million guns united states so you can act like they're not here and keep kids away from them. the pass' that is the law or you know i mean this teaches them a lot of rough spots ability and simply come to play through the eyes of children if we can't do it for our children move for our future. is a time to save. the

. crowds rally in the ukrainian city off sebastopol and a show of defiance against the sell declared government in kiev and to voice support for the new mayor chosen by the popular will on sunday the real path into the e.u. it's not going to be the german path it'll be the greek path. experts warned the financial aid from brussels and the international monetary fund may prove a slippery slope for ukraine. and washington mulls over whether to leave three thousand troops in afghanistan beyond two thousand and fourteen as a bilateral security agreement with kabul hangs in the balance. and british muslims cry foul over the government's campaign.