run from him. everyone who sees this speak to you to also speak to the children so. my husband became a controllable people that he could do anything. while you're crying don't cry i know i'm tired of crying too don't cry. pattern over there i marinated this is the best and these are some of the stories that we're tracking for you today first up we have famed investor and author mr jenner rogers on the program today he's telling us his thoughts on china and the agricultural industry and he's also so keen on me becoming a farmer true story it all makes sense in a minute that we have the man behind the blog to do with that watch mr tim do we

think he's on the show to discuss all things that and it's a big deal at all to harrison and i are discussing government intrusion into our digital privacy and how the rights are fundamental civil rights you want to miss a moment at all starts right now. our lead story today financial disclosure now a new national database is being assembled by the federal housing finance agency and the consumer financial protection bureau that will compel as many as two hundred twenty seven million americans to disclose intimate details about their family's financial help now in. reversal of previously stated policy the f.h. f.a.

and the c f p b are together expanding their joint mortgage database program to include personally identifiable information the f h f a claims that the database is essential to conducting monthly mortgage surveys and to helping to prepare its annual report to congress however this vast database isn't lacking in critics detractors question the agency's authority to collect such information and also fear that the new database will be vulnerable to cyber attacks which could put private information about millions of consumers at risk representative jeb hensarling and senator mike crapo believe that this expansion represents an unwarranted intrusion about the private lives of ordinary americans is the ranking republican on the senate banking housing and urban finance committee will answer lena is chairman of the house financial services committee according to the washington examiner the database is expansion means it will include a host of data points such as

a mortgage owner's name address social security number all credit card and loan information and account balances now the database will also include the mortgage holders entire credit history including delinquent payments late payments minimum payments high account balances and credit scores oh and it will also resemble household demographic data which will include things like racial ethnic data gender marital status religion education employment history military status household composition number of wage earners and a family's total wealth and assets wow now if this seems a little intrusive that's because it is this mortgage database is unprecedented and would collect personal mortgage information on every residential first lien loan issued since nine hundred ninety eight and if this hasn't scared you yet your friendly credit rating giant experian who doesn't love experian is also involved in the mortgage debt project now here's the reason that this concerns me so much it's the. scope of information that they're asking for and they're asking for without

any indication of what exactly it's being used for i mean i know that the i.r.s. has my social security number and my financial information but i also understand that my tax dollars are needed to provide certain services services that i like such as paved roads but what is the f.h. f.a. giving me i don't have a mortgage and i'm not in the market for a mortgage and even if i was the question still remains why all the intrusion why am i being compelled to submit a full financial disclosure especially when i've asked for nothing and want nothing in return that's the real question. one find a good business opportunity well for famed investor and author mr jim rogers he jumps on his motorcycle and rides through asia now rogers did this in an effort to

find business opportunity and to better understand the direction the region was heading now rogers is a bull on china but with the chinese economy decelerating we wanted to get his take on china and hear about how he understands these new developments now when we last spoke jim told me to put down my journalist pen which i don't have with me at the moment and becoming a farmer now obviously i haven't done that yet and by the numbers the agricultural business isn't doing so hot so this time as jim to explain why he's so bullish on commodities and when the business has been in the pits like it has for the past three decades why still hold on take a look at what he had to say. erin that's why it's better to horrible business in these things has been a horrible business for thirty years has a few problems one there are very low inventories historically low inventories because nobody's been able to produce as much as we can through there are no people going into agriculture all the old people are dying or retiring or committing so it was you know the young people becoming stockbrokers or journalists or something so

we don't have any farmers it's going to be a fabulous place there and if you don't want to move to china move out to russia parts of russia will also be fabulous for agriculture i really want to talk about that in a moment but first i want to ask you you take a long term perspective and expect there to be ups and downs along the way as china's economy continues to grow so right now chinese growth seems to be decelerating so is this one of the downs that you expected to happen or are there other concerns about the medium term outlook in china that are being overblown. of course they're going to be ups and downs in china or in the nineteenth century america had fifteen with a d o horrible civil war very few rides very little rule of law and yet we became the most successful country in the twentieth century a child is going to have lots of problems but that's the way of the world works there's nothing unusual. now the chinese say that the economic plenum of november

twenty third teen was one of the three most important events in chinese economic history in the last thirty five years those are pretty pretty big words do you agree with that. well i take their word for it they said we're going to spend a lot of money in these areas i'm sure they will they've done it in the past when they said they're going to spend a lot of money on something so yes i don't know if it's one of the three most important they say is that important but i doesn't matter i know they're going to spend a lot of money they gave us the lives they gave me the list they gave you the list get out the list and see where the money is going there you know i'm told that back in one thousand nine hundred eighty four you went to. to ask permission to ride your motorcycle across the country and the chinese they must have thought that you were a little bit out there to want to do this at that time so first of all what did they say and second what did you learn when you actually did take your ride across china . well they thought i was nuts i was a capitalist from america and i wanted to come and rot a motorcycle across china what would you think if it were nine hundred eighty four

cold war was raging. already that eight years before you were no i was nuts but you know they and they also told me it was no road which i later found out they were correct but i did go across that part of the chinese so there was no road so they knew what they were talking about but what i learned was the most important thing i learned was that china was changing you know that china was just like us they wanted to be rich they wanted to be successful they we called them communists but they were all very good capitalist and that was hidden by the propaganda. now what servatius that you made the last time we spoke that i thought was pretty interesting was the concept that a lot of people would rather do business in china these days than in the u.s. so i want to ask you why do you think that is. present for the first part as you may you know i'm sure you know america doesn't seem to have the sanctity of contracts we did before we're we're scaring people to death about our currency i

mean if you were doing business in american dollars or had american dollars would you be worried because of america they don't like you they're going to freeze your accounts they're going to confiscate your assets so many people say we don't want to use american dollars because we don't because we're afraid of the americans we don't trust the americans i mean i'm not the one saying is look around you lots of people have had their accounts blocked confiscated cetera and that scares people i mean it's pretty innocent by standers mother way and that's why other innocent bystanders are starting to get worried now do you think this doesn't happen in china as well or just not to the same degree as what we're seeing in america i'm sure it happens everywhere but you know the chinese don't have fat go which is this new reporting system that the american government insisted everybody about. by american law and report of american citizens the chinese know it is so they're not as sophisticated yet and ways to persecute the chinese with their money around the

world many chinese are taking their money out of china openly or maybe not open it was certainly doing it's getting a lot harder for americans to have money outside of america i live outside of america i can tell you so nightmare all the reporting i have to do the chinese don't have that yet anyway now jim can you tell me about india i mean in terms of doing business why are you so keen on china but not so keen on india. where you come with me next time we drive around the world ok we'll drive there and i know there and you will see me it's the worst bureaucracy in the indians learned bureaucracy problem the english then they took it to a higher plane it's astonishing how bureaucratic the indians are very little infrastructure very little education i mean it's a terrible place to do it if you're an in with the right politicians of course you get rich and you make a lot of money but otherwise it's

a struggle i mean the same it's pretty much true for every third world country if you're in with the guys running it you're in a pretty good pretty good shape and i guess you could say the same and in america great minds think alike now i want to ask you what do you make of the new indian prime minister narendra modi there is there's reports that he's very authoritarian no. he certainly has been in the past but the result that could be bush could it could be bad you know lee kuan yew in singapore was extremely authoritarian but he got a lot done and developed the most successful country in the last forty years now mr modi has also developed his province into a very successful province let's see if he can do it for india as a whole he doesn't have the huge indian bureaucracy before he has to deal with now and the upper house of the parliament as you probably know he has very few members in the upper house and there's not an election. at least over a year now so it may take him a while and more problems than he realizes i mean i hope to goodness somebody

somebody can change. but i will sleep well jim i want to talk about politics for a quick second now anyone who's read their history books knows that the us actually was built on inviting in immigrants and i mean we gave people money to come here yet today in europe xenophobic and nationalistic parties have made some big political gains in recent elections so what's going on in the politics of developed economies well throughout history when you find the same sort of thing as when everybody is making money and they need workers and capital and ideas everybody is welcoming forest to come in and they need them and they want them but when things start going wrong people look around for somebody to blame first people first people you blame are the foreigners they have different languages different skin they smell bad their food smells bad i cannot tell you how many countries i've been to where they were reacting against foreigners you know the first thing they say is they smell bad then they said their food smells bad it's easier to blame for their

own because they're so visible but when things are going well they love look at new york look at america as you said we begged foreigners to come here and we became the greatest country in the world. that was be investment biker mr jim rogers. time now for a very quick break but stick around because when we return tim do is on the program at the university of oregon professor is telling us his thoughts on what and when the fed will do whatever it is and in today's big deal edward harrison and i are talking about government intrusion into our digital privacy but before we go here are a look at some air flows in numbers of the bell stick around. debating

american foreign policy is there one any more traditionally the political left and right and clearly different positions on how washington should exert power in the world today it appears everyone in the establishment is a hawk. we will be barred from by the enormous burden of. all those rules and regulations which you know calls europe to be the squirrel to bolster it is i mean the reason that europe's going going guy you know which i was because the rules or regulations are killing your strangling business. you're going to like these. people.

pleasure to have you with us here. see today i wrote researcher. welcome back to the south that u.s. g.d.p. growth for the last quarter fell to minus one percent but many analysts expect growth to return in the second quarter of two thousand and fourteen and of course with expected growth and declining unemployment many fed watchers believe that the federal reserve will continue to taper and hike interest rates so to get some input on what's going on with the macro economy and what it all means for the fed i spoke with professor tim do we of the university of oregon now do we pens

a blog called tim do we is fed watch which is widely read by analysts and market watchers interested in understanding what exactly the federal reserve is doing now i first asked him if he believes that growth this quarter could exceed three percent here's what he had to say. i think that there would be in fact a possibility we could see some stronger numbers and consumer spending in these capital spending side would not terribly would not surprise me you know a significant amount really i do think the economy is trending somewhere around two and a half to three percent and sort of stuck in that range so in comparison to the dismal report this first quarter i could easily see second quarter coming and stronger. and what do you make of the job market in iraq given recent data on unemployment non-farm payrolls and jobless claims so i think that so when i look at the the path of data recently i tend to see it as relatively slow and

steady i think we've had a few stronger numbers on the non-farm payroll side in the last couple months but in the context of the average of the past year you know we were averaging i would say somewhere around one hundred eighty two hundred thousand jobs a month and that's been fairly consistent so we seem to be stuck in this relatively slow growth but consisting growth trend and it's sufficient to drive down the unemployment rates or steadily using up resource. resources in the economy we're just not doing it as aggressively as i think many of us would like to see. tim according to a recent harris poll forty seven percent of respondents had completely given up on looking for a job and that's what seventy one percent of those unemployed for more than two years reporting not having had any interviews in the last month so here's the question are you concerned about long term unemployment oh yes i am i've been very

much concerned that for a number of years that what would happen as a result of this relatively tepid rebound is that we would lose a chunk of the labor market on a more persistent basis i don't like to use the term permanent because it's just. a shock on the other side could maybe drag some of those people back in the labor market but i do think that this relatively long slow recovery has had some damaging effects that would take very rapid growth to try to alleviate when should the fed raised interest rates. the fed should raise interest rates from the economic conditions call for the fed to raise interest rates which is a way of saying the fed shouldn't really worry about interest rate. increases or tightening policy more broadly until they see really clear evidence i think that that. inflation is going to be a significant concern or would be

a significant if they didn't raise rates and right now i mean i'm not seeing a significant amount of evidence that broad based inflation is a problem or whitely to be a problem in the near future i think we've got to really wait until we see much more upward pressure on. and wage growth before we even have to have this conversation about whether or not. there's going to be upward pressure on inflation so i don't have a specific date on when the federal reserve should raise interest rates i do know that they should really hold off until they see some some real some real questions about. you know the pace of inflation i just think we're a long way from that. now are you concerned that the low rate environment provide tinder for a build up of leverage interests as janet yellen once put it right and i do think there is some concern about that how well over you do have to match that about the

concern that if you didn't have a low rate environment we'd have more people unemployed for example and what would be the consequences of that so of course we're always carrying something occurring on something or a balancing act we think about how worried should low how low rates should be relative to. financial stability issues. now i would say that the balance of risks is really about you know making sure that we are able to you know fully engage the labor force. rather than the financial stability concerns of this at this time. tim in the latest stuff fed minutes the entire first paragraph was devoted to monetary policy normalization and there was this eye catching sentence i want to read it here it's quote a staff presentation outlined several projects to raising short term interest rates when it becomes appropriate to do so and you controlling the level of short term interest rates once they are above the effective lower bound during

a period when the federal reserve will have a very large balance sheet so what does that tell you about the fed's policy tailed will certainly right now and i would say that the federal reserve has their eyes focused firmly on. policy some point the future reducing financial accommodations is here in the general gist of policy conversations. both internally and externally is really about policy normalization which would mean reverting back to tools that focus on short. interest rates rather than you know these asset purchase tools so i do think in that that is the general direction is tightening and i would urge the federal reserve to be very cautious about. how quickly they move down that path. now in order to raise rates apparently the fed is considering fixed rate overnight

reverse repurchase operations term reverse repurchase agreements and the term deposit facility in addition to the rate of interest paid on excess reserves balances so why can't they just to hike the fed funds rate as always then can you tell us what all this means in women's terms. well the concern about just trying to hike the fed funds rate is that there's the there's too much money floating around in non-bank players right now and so it's not clear that everybody would have access to the market and they would be able to sufficiently control short term interest rates simply through the. fed funds facility at this point so they're trying to develop a variety of other tools that allow them to absorb excess what they could term as access the credit here absorb some of the reserves out of the economy should and along the way control the short term interest rates the path of short term interest rates and so i think you know for the layman for the average

person year that what they should be focused on is the idea the federal reserve has . trying to revert back to tools that allow them some degree of control over short term rates in using short term rates is their policy primary tool rather than . the. quantitative easing tools that we've become used to over the last couple of years when we've had interest rates near zero. that was professor tim daly of the university of oregon time now for today's big deal. big deal time with the wonderful mr edward harrison now today we're discussing government intrusion into our digital privacy and how government overreach

threatens our fundamental civil rights very concerning eldar legs and the founder of lava bit an encrypted email service published an article in the guardian describing how the federal government forced levison to install a surveillance device on his email servers and surrender his company's private encroaching keys this of course undermines the very service that lava bit wanted to offer which was designed to protect users privacy and when response leveson shut down his company's so edward with the ongoing saga of snowden versus the u.s. surveillance state levinson's article it brings up some very important issues here so can you tell me what struck out as the most unnerving part of these legal proceedings with love a bit. for me is the concept that the government really controlled the process is a very secret process if you imagine the government trying to do the exact same thing with google having a secret process with suing google would therefore google can't do things google

has an army of lawyers that can go against it but here we're looking at a smaller company and what i find unnerving is that you know it's clear that the government is using their power or. is to a company you know basically run it out of business just because they want to get some information so that it is i'm very troubled it's very very troubling and listen goes into some detail in the article about the government's claim over technology and what constitutes a search now is. appeal raise the question of what exactly constitutes a legal search and here's a quote from leveson where the law enforcement can demand the corruption keys of a business and use those keys to inspect the private communications of every customer even when the court has only authorized them to access information belonging to a specific target so it can you break down what the tech technological issues are here and why the government wanted increasing keys when they already installed the surveillance device on the servers in the first place you know you can have plain

text that goes through these emails and then there encrypted and so forth but if you can get the encryption keys from the company that has the data if it's over h.t.t.p. . the government can actually intercept the data and therefore understand what is going on so they want to get all of the information of the e-mails that are being used so it's exactly would love some of the once you have the private encryption keys you might as well be out of business because nothing is private the government has access to everything that you do and so that goes completely against what he was trying to achieve it's incredible how the wall street journal reports that the law enforcement often requests the courts to approve invasive monitoring of suspected individuals but that these requests are under confidential seal irrespective of whether or not any evidence of criminal activity is found so can you describe what's happening here with us. in the same

way i described is that we're living in a police really i mean it's again the government is going to and having these secret trials these secret court proceedings because they say that someone's engaged in criminal activity without even having a warrant they could actually go and try to get a people's phone seriously bananas and then even after the process is over there they're trying to keep it civil right nothing happened or about now as much eleven last year about his new initiative. arc mel and i want to play you a clip from that interview let's check it out. we realized based on you know what happened to my company and to what happened to hushmail a few years back is that we can't continue. a secure system. if the data is encrypted and because server based encryption systems like lavabit and hushmail only protect the

information once it arrives at our systems and what we really need are new protocols that protect the data from the time it leaves the senders computer until it arrives at the receiver's computer now leveson is trying to implement an end to encryption through dark mail but how can the private sector do this to stop the government from overreaching i mean do they really have that much the private industry can do the private sector versus the government how an actual work will be you know what the government's doing with the united states government is doing. technology companies overseas you know because you can't engage in business if you think that the government is always ease up you know everything that you do and so all these companies are just going to go. the united states is really just shooting itself in the foot i mean we've. you know a police. surveillance and then the government is operating in secrecy ultimately it's the fact of the government operating in secrecy that is the biggest

problem and it's terrifying and you know it's again cut off you know spite your face that's all we have for now but you can see all stars and speech of them today show on youtube dot com sussman best r t please tweet us at edward any age from all of us here at boom bust thank you for watching i'll see you next time. but eugenics vulgarize they should have darwin science punishment for an uncommitted crying. i was stolen from the building in eighty feebleminded still today for the few i don't know why. but still the lobo know why genetic improvement through forced sterilization the basis for nazi ideology they don't stop at just sterilizing and now go to the point of death. for years rarely discussed.

till now i'd really rather not talk about that life. will go into the future to soon show thirty full can just bend over fifteen billion euros on culture that says should reach one hundred fifty million degrees with uncle mark still to sell something peaceful to france the trouble in search of a song. knowledge update we've got the future covered. but all over my language of all but i will only react to situations i have read the reports to let you know for sure true and no i will leave them to the state department to comment on your latter point of the month to say that it is secure yet a car is on the docket no god. no more weasel words when you vade a direct question be prepared for a change when you throw

a punch be ready for a battle pretty speech and down to freedom to crush. anti-government forces in eastern ukraine have downed a military transport plane carrying weapons and troops all forty nine on board were killed. plus. ukraine braces itself for life without gas as its dead deadline looms r.t. has the lowdown on who's who in the energy negotiations down long that's threatening to leave europe literally in the cold. cold so terrorists who are now in control of iraq's north reportedly plan to form a new government in the region in the next twenty four hours and that's as the country resorts to volunteer fighters to drive out the radicals. and from surveillance to nuclear warheads we look at fears that.