all the world. and all the news companies merely players but what kind of parties are into america play r.t. america offer much more artsy american offers. many ways to use landscape just like the real new big new good actors bad actors. you could never your all. so the park and all the world all the world all the world's a stage we are definitely a long. time see million dollars ario filling in for lindsay france you're watching boom bust broadcasting around the world from washington d.c. coming up gold games the precious metal is already pushed up by a weak dollar could a new use for gold standard over the top bailout burden the u.s.

may have only recovered from rescuing its banks after the financial crash but the rest of the world is still paying a heavy price and hollywood packers h.b.o. leaks continue to plague the production company meanwhile hackers are asking for a heavy big point in exchange for stolen scripts to stand by boom starts right now . the european backlash over u.s. sanctions on russia continue some energy suppliers are seeing the same sions targeting russia's oil and gas sector as a way for the u.s. to increase its energy dominance worldwide tuesday the c.e.o. of german utility company unit per said european gas suppliers need to take a more. a proactive role tapping into other sources according to the c.e.o.

class for liquefied natural gas shipments from the u.s. are fifty percent more expensive compared with european reference prices to which he says nobody wants to pay such a premium you know as one of five european energy companies that has invested in nord stream to a second natural gas pipeline connecting russia's gas fields to germany via the baltic sea while some of the exact details of the same remain secret it's possible they take aim at this pipeline which is supposed to be complete in twenty nineteen and could keep future u.s. deliveries at bay with a new source readily available. the russian government is also reacting to the same sions announcing plans to cut its dependence on the dollar and u.s. payment systems on monday russia's deputy foreign minister said in a statement we will of course speed up the work on import substitution reduce dependence on u.s. payment systems on the dollar as

a settling currency and so on the u.s. is using its dominating role in the monetary and financial system to impose pressure on foreign business including russian companies the move is in direct response to the new sanctions imposed on russia that were signed into law by u.s. president donald trump last week but the move is not the first of its kind after the u.s. sanctioned russian twenty fourteen the government created a new national payment system to eliminate reliance on western ones like visa the system called near has since issued nearly fourteen million cards according to the russian national system of payment cards. well the dollar just can't win right now it's still soft down a few points the past month and highlighting doubts about the pace of economic growth in the u.s. meanwhile gold has been scoring because of the uncertainty and now there might be a new use for the precious metal joining me now peter schiff c.e.o. of euro pacific capital peter the dollar is weak the gold gets a rise from that what role does heighten geopolitical tensions play in all of this

we have the conflict between the u.s. in north korea the u.s. and russia what role does a play. well it should play a larger role that it has been playing you know even though the dollar is down this year you know it got a bit of a jolt today from a record number of job openings but i mean this is what we've been having during the obama administration most of these jobs go on filled americans lack the skills and a lot of them are low paying and part time but given the fact that the dollar has been so weak this year the price of gold has actually not strengthen very much and has gone up in dollars but in many of the other currencies against which the dollar has been falling the price of gold has been very flat at some point though i do expect people to embrace gold not necessarily because of the geo political aspects but because of the inflationary aspects because people realize that these currencies are going to lose a lot of purchasing power that a lot of central banks are stuck at the zero bound and even if they raise interest

rates slightly they're going to lower back down and they keep doing quantitative easing so i think people will be drawn back to gold for the modern day monetary properties it has had for centuries well there might be good news for gold to the researchers at the university of edinburgh found precious metals could be used to make certain lung cancer drugs more effective what is the prospect of finding another use for gold due to the commodity. yeah you know there are a lot of uses for gold surprisingly so many people think there are none but you know they have been using gold in medicine for a while and the fact that they can find new cures that might involve bits of gold i mean is just another reason that gold works is money because it has so much intrinsic value it has properties that other metals don't have and so it has a lot of uses separate and apart from its being a store of value or a media of exchange so that's something that all these crypto currencies don't have and all the people that think that they're viable money cannot differentiate

between these crypto currency isn't gold because for some reason they think they have they think gold as nova. well you either here how do investors typically react when something like this happens when you find a new use for gold i know it's early but but typically how would they react. well it all depends on how much gold would be required in this process i mean you're talking about small amounts of gold i'm not sure exactly how many people would need this particular cure so on the margin how much additional real world demand would be created for gold based on this use i have no idea i mean obviously the price of gold barely moved today so this particular news story didn't have much effect on it but overall on berlant you know the more uses that can be discovered for gold the more demand there will be i mean normally gold is so valuable and so expensive that they end up substituting less expensive metals even if gold would be better but there may be some circumstances where you absolutely have to have gold and

therefore the price is no object you have to pay whatever the cost is well gold fell from a seven week high after you mentioned it earlier the positive jobs report last week do you think that the selling was a little premature and to follow that how do you think the market's going to react when the fed raises interest rates later this year. well i don't think it's odd that some of the traders took profits on their short dollar bets when we got a jobs report that was better than expected but if you look at this jobs report in the context of all the jobs reports out of preceded it these are the tame same types of reports that we have been getting for months and years under obama you know donald trump wants to claim that everything is great even though these are virtually identical to the same reports he criticized as being fake but i don't think anything has been changed by that report same thing with the fed rate hikes you know ever since the fed started raising rates that's really when the dollar

stopped rising now it really did start falling into more recently and i think the dollar is going to continue to fall. regardless of whether or not the fed raises rates one or two more times but ultimately the big move with the dollar is going to call more they have to stop raising rates when they have to admit that they're finished tightening and that they're going to start easing again because that isn't even been begun to be factored into the dollar wait till the fed has to cut rates wait till they have to do q.e. for i mean the dollar is losing ground right now when people expect quantitative tightly they expect the fed to be shrinking its balance sheet later this year when the markets are surprised by the fed having to admit that the balance sheet is going to grow even larger instead i think it's a long way down for the dollar peter schiff c.e.o. of euro pacific capital always a pleasure having you on thank you so much. the

u.s. is right side up after rescuing its banks following the two thousand and eight financial crash but the rest of the world is not according to the international monetary fund it'll be years before the final reckoning for bailing out the financial sector the u.s. is actually recovered more than the bailout impact since two thousand and seven but countries like germany spain and the u.k. still have a ways to go in the case of the u.k. the european university institute said the british government absorbed more risk than the u.s. government and lost its taxpayers more money in countries like ireland and greece may never fully recover overall the i.m.f. says the world economy is going up but it's lower than pretty thousand it levels global growth is estimated to rise three point five percent this year and three point six percent next the fastest growing major economy india followed closely by china and the i.m.f.

says growth in europe and japan have been a pleasant surprise while u.s. growth which is lower than originally forecast. it is slowing down at world growth as a whole. but things seem to be looking up in italy the country hoping for its best economic confidence boost since the crisis italy has far underperformed in annual growth so far since the crash sitting below most of its peers you can see here spain the u.k. portugal germany and france if the country meets its targets in gross domestic product this quarter the i.m.f. thinks it will hit one point three percent growth for twenty seventeen writing the positive trend being seen here in the eurozone unemployment has ticked down point seven percentage points since january as of june in italy it sits at eleven point one percent unemployment while domestic consumption has been rising just a little while some are optimistic many others do not think confidence will last long along with the migration crisis weighing down italy twenty eighteen brings

with it political uncertainty and more financial fragility. the world third largest economy could be at risk with its leaders approval rating in freefall japanese prime minister shinzo on base facing a severe political crisis his party hit hard by a slew of scandals revolving around illegal subsidies his approval rating is now below thirty percent and many doubt he'll even be able to finish his term if he leaves will his three pronged approach to rescue the economy titled a big nomics die along side his political career and what will it mean for japan's economy if it does joining me to discuss gerald celente founder of the trends research institute gerald thanks for being here i wanted to start by asking you what sort of impact has a been omics had on japan's economy since he took office the final days of twenty twelve. well you know japan has been long suffering near zero g.d.p.

growth and when he came in you know he promised with a nomics that he would restore growth inflation we grow and consumers would spend more and really very little of that if nothing is happening and simone with all due respect it's not a nomics it's ponzi nomics it's a skiing it's a bank is it says nothing to do with capitalism nothing like this is ever been seen before in the world can you explain to me gerald what the three arrow strategy is what it consists of and what it was meant to do well the first one of course was monetary policy that means flooding the market with cash and again nothing to do with capitalism its bank ism number two fiscal policy we're going to spend more we already have a debt to g.d.p. ratio of two hundred fifty but we're going to go deeper into debt brilliant and the

third one of course was to spur corporate investment and other investment with tax breaks but again very little of it has worked you know they brag that the economy grew as steer at the rip roaring pace of about one percent well to counter that though not everyone thinks the abbaye nomics is a total failure albeit there are some failures within the system the i.m.f. number two david lipton said that it has been successful to a point there have been improved conditions for the unemployed and the poor we can take a look we have a graph showing the unemployment rate and you can see that in two thousand and twelve the unemployment rate has steadily decreased since then so is that not something to do with abi a and his leadership. yes you be the i.m.f. the international mafia federation i mean come on this is just b.s. look at the wages look at the savings rate in japan and used to be one of the

world's high it's now it's nothing you can put your money in the bank i you know i like you we just met but i have a deal for you i have a chain your bond i want to sell you and i'm going to pay you zero interest rates for that because i like you so much i mean who would do anything like that it's a scam the government is buying these bonds the government is dumping money into the stock market it's a fraud and the i.m.f. is just part of it carol we're going to head to break and return with more this is gerald celente founder of at the trends research institute and also coming up after the break we'll have more on the latest cyber hack on hollywood but before we leave you here's a look at the numbers at the closing bell. the

feel we don't. know the experience. that you get on the old well. according to josh. i do not know if the russian state hacked into john podesta e-mails and gave them to wiki but i do know rock obama's director of national intelligence has not provide credible support. james. i also know he perjured himself in a senate hearing three months for the revelations provided by edward snowden he

denied to be n.s.a. was carrying out wholesale surveillance of the us. the hyperventilating corporate media has once again proved to be an echo for government claims that cannot be verified you would have thought they would have learned something after serving as george w. bush's useful idiots in the lead up to the invasion of iraq. it is vitally important that the press remains rooted in a fact based universe especially when we enter an era when truth and fiction are becoming indistinguishable. most people think to stand out in this business you need to be the first one on top of the story or the person with the loudest voice of the biggest race in truth to stand down in the news business you just need the right questions and demand the right answer the.

question. people have got to know whether or not fair presenter some people deserve to know the answer first at this point does it mean a guard against the military industrial or we shall never go again in our world. war machine over there. yes we do have a remote. future. for picking up where we left off with gerald solenn day who calls abi nomics the system in japan a scam jerold how do you think japan compares to the rest of asia when it comes to

the markets. well you look at the numbers again you look at the as. asia pacific index that may measures the major companies in the area of stocks and it's up twenty five percent but you look at the japanese nikkei and it's only up four point eight percent this is as world markets by the way are accelerating so there's not really a lot of hope and change you could believe in of a there in japan again is just more of the same and a little better well is there any kind of discussion and debate on economics in japan say abbay does leave office before his term will be overthrown with it or will it stay. it's hard to say because it's really the central banks that are in charge again you know you had the head of the central bank in japan a year ago before saying that they wouldn't go into negative interest rates

telling parliament that and then just days later going into negative interest rates so around the world it's really the central banks and not the governments that are running the show and they're all in collusion they're all talking with each other so when one raises rates or the other one lowers it they all know what's going on and again the only reason the markets whether it's in japan the united states and europe around the world it's negative in the low interest rates that are flooding the markets with cheap money gerald celente founder of the trends research institute thank you so much for your insights or thank you simone. congratulations america it's broken the record for the most outstanding revolving debt established in two thousand and eight to the tune of one point zero to one trillion dollars joining us now to celebrate this milestone is legal and media analyst lionel of lionel media lionel why now why so much debt it's horrible can i make

can i add more insult to industry let's throw on top of that student loan debt of one point four trillion right there when household debt of twelve trillion i mean but why are we the iris lighting our plastic so much. well a couple of things despite the fact this is two thousand and eight that these rates have gone up you know you would think that banks especially after all of this underwater loans that they'd be tighter with extending credit they're still still doing any more credit lower limits but also people are using credit in more areas let me also add this not only is this a problem with adults but some moment if you see what happens to kids have you put on college campuses and see how they are basically how credit card predators go after kids with frisbees and you know you're eighteen years old nineteen years old

here's a credit card you need something to get it so wait til five ten twenty years from now it's going to explode even more so right after the crash it was basically impossible to get a new credit card they were not lending banks were not lending i haven't been on campuses to see this but what is the problem that we're seeing with young people getting into this idea that credit cards aren't real money. i don't want to bring this up but i will when they see basically the government x. by things that they can't or extend its own credit we talk about debt ceilings in the light and then you have another problem which we're not even getting to this is credit ratings that are just absolutely imploding simone you know the number of kids who figure i'm going to go into the military maybe i want to do something that involves i don't know top secret clearance taking the top secret clearance because of bad scores which also later on you know we need to teach kids about credit in school did you ever have that did you have a class explaining how this works what credit is but scores are that this isn't

money that this isn't money this is a loan and there's a big difference i think we need to basically start because this generation is gone and we need to start at the bottom and teach kids from the beginning how to manage quite well perhaps personal finance should be a part not just. a business course that you take in college but really in the public education sector when you're talking about raising these kids but the truth is is it was easier and more tangible when we had cash pull cash out of the wallet now you have plastic how does that complicate things and how do we how do we tackle this debt what happens is that you're so correct when you don't actually see money you don't appreciate it and i'm going to make it even we're going to be good we're moving toward and my good friend general selebi would verify this we're going to a cashless society so if you think it's bad now wait what you kids are going to say one day what do you mean what's this thing you're talking about i've never seen

it i don't know what this is you can at least in your own mind think of what a twenty one hundred looks like one day is going to be nothing so what we have right now is kids who let's face it need something they're told look credit it's ok here pay for it here i read later and they don't understand the repercussions so meanwhile as we discuss this it's getting worse and worse and worse and student loan debt and the the horrors this storm that we're looking on the future adding to this the future is beyond graham well leave it there lionel with that grim picture good. lidl legal and media analyst for lionel media thank you so much thank you. if hackers have taught us anything it's that no one is safe from them not even

powerful american corporations we've just been reminded of that again with one of the largest u.s. television companies suffering a major security breach this time including a ransom note who must be out of a sheeny track in this one for us bianca which network are we talking about here to get gas or not i have fair we're talking about h.b.o. which was hacked for the first time by this group last week but was just hacked for the second time by them this week but this time around much more sensitive data is at risk. home box office otherwise known as h.b.o. is the oldest paid television service in the u.s. and happens to be worth billions of dollars it also runs some of the most popular television shows to date making it a prime target for happy but so far the company has been unsuccessful in protecting itself from them on monday a hacker group using the name mr smith announced its second round of attacks on h.b.o. the group claims to have stolen one point five terabytes of data from the network

it includes scripts of the first five game of thrones episodes from this season the last of which has yet to air and it also includes internal documents like e-mails balance sheets employment information and marketing strategies this comes about a week after h.b.o. suffered its first attack by the group were other episodes of game of thrones were uploaded to though this time the hackers made it clear what they want to a now partially rejected ransom note in the note to h.b.o. c.e.o. richard they claim to earn up to fifteen million dollars a year through extortion and demanded h.b.o. pay their six month salary in bitcoin the group gave the networks three days to pay up before they upload everything though it's unclear on which day the clock started ticking so far h.b.o. has remained mostly quiet on the hack that could be because of the stolen internal documents like e-mails on the verge of being revealed in two thousand and fourteen

ramifications of the sony pictures hacker felt far and wide it led to several employees eventually being let go after the contents of their e-mails were exposed and several lawsuits and lengthy investigations followed particularly when it concerned north korea spokesperson did say that an investigation was pending and that the company is working closely with law enforcement bianca we're talking about a huge company's sixty million dollars as a ransom may not seem like a lot but the hack is risky in itself why. sort of financial impact does this have on h.b.o. it could have a huge impact on h.b.o. because so when most people are watching shows and h.b.o. whether it's game of thrones or whatnot they're getting it through cable packages of companies like bryson or comcast who buy a package that will get you access to those programs but and so for those people they are probably safe because they're important information like their credit card information or anything else is stored with bryce and comcast and those companies

but for people that purchased h.b.o. now which is their streaming service that has been around for about two years now they pay directly to h.b.o. so their information their credit card information their address or e-mail is stored with h.b.o. so their information could have been breached in this happen right now we don't know if that is what they're about to release we don't exactly know the scope of everything that they have but if they do release that information those people could be just as in as much in as much trouble as anyone that has impacted in the yahoo hack or the target or in the target hack or the several other wanted major corporations that have happened over the or so we'll know in a few days if h.b.o. pays or not. thank you so much for that. a bunch of rich baber is on a gated street in san francisco are furious over who just moved in no it's not some

criminal who bought a house down the street in san fran presidio neighborhood residents just learned someone bought the street that's right on presidio terrace a street where mansions can cost up to fourteen million dollars a couple bought the pavement that connects them for ninety thousand dollars and now that couple is looking to cash in how did it happen apparently the wealthy homeowners association failed to pay a fourteen dollar a year tax bill for more than three decades after failure to pay the bill the private road was auctioned off where was sold for ninety thousand now the new street owners are considering charging these mansion residents to park on their own private street the way is crying foul as they say the bills were sent to the wrong address however the city fired back saying that ninety nine percent of property owners in san francisco know what they need to do they pay their taxes on time and they keep their mailing addresses up to date lesson learned that's all for now

check out the show on youtube youtube dot com slash boom bust r t thanks for watching see you next time. i. i think the average viewer just after watching a couple of segments understands that we're telling stories that our critics can't tell and you know why because their advertisers won't let them. in order to create change you have to be honest you have to tell the truth parties able to do that

every story is built on going after the back story to what's really happening out there to the american what's happening when a corporation makes a pharmaceutical chills people when a company in the environmental business ends up polluting a river that causes cancer and other illnesses they put all the health risk all the dangers out to the american public those are stories that we tell every week and you know what they're working. here's what people have been saying about rejected in the senate it's full on author of the bill the show i go out of my way to find you believe what it is that really packs a punch at least yampa is the john oliver of r t america is doing the same. apparently better than food that's bad and see people you never heard of love redacted the night president of the world bank paid to. seriously

send us an e-mail. to. north korea vows to bolster its nuclear arsenal in response to tough new u.n. sanctions the latest on this edition of politics. politicking on larry king on saturday the u.n. security council unanimously approved new sanctions to punish north korea sanctions which included the ban on coal and other exports after the hermit nations recent enter into a metal ballistic missile launches the us ambassador of the un nikki haley koehler resolution the single largest economic sanctions packaged ever level.