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tv   Boom Bust  RT  January 27, 2018 8:30am-9:00am EST

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in order to repair that relationship he's indicated that he's willing to apologize for retreating britain first if you're telling me that a horrible people horrible ration is people i would certainly apologize if you'd like me to do that i know nothing about their previous announcement of a potential visit by trump of provoked a backlash amongst british politicians i would not wish to issue a british. to speak in the royal gallery. previous report suggests that mr trump himself postponed a potential visit to the u.k. because he didn't want to be greeted by huge protests and attitudes here really changed in recent polls just stop more than half fifty six percent of brits don't want president trump to visit if donald trump comes to the u.k. will hold the biggest protest in british history he will be mad by a million of us at times in
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a citizen's arrest of him for incitement of racial hatred we spoke to one of the anti trump protest organizers it's a bit disappointing that trump will be visiting and the prime minister tracy may has has agreed to meet with him it's not completely surprising to be honest but it's disappointing you know. he's accountable to the electorate and i think that population of britain has more than made its views clear in the fact that we don't want trump to visit we cannot stand his views he's no racist tweets that he's come out with his racist policies he's going to come here that that's going to happen we can't do anything about that but whilst he's here we know we will ensure that we hand him you know every step he takes in this country we will be there telling him what we think of him and telling him what we think of his policies should president trump visit go ahead britain security agencies could be getting ready for some of the biggest protests to rock this city since the visit of george w. bush in the wake of the iraq war. in london.
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facebook addiction and reliance on google for information is becoming a growing concern for some among them perhaps surprisingly billionaire george soros who is lashed out of the platforms by branding them a menace so merican picks up the story people all across the spectrum are concerned about the impact facebook and google have on their daily lives but some of the unexpected has decided to chime in and that's the liberal billionaire george soros who's called them a menace to society and an obstacle to innovation soon media companies. people think. we don't even be aware of it and his open society foundation praise social media for to still attaining the toppling of so-called evil regimes all in the name of social justice and human rights here's an example yeah social media and other information technology tools to stay organized ations
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need to learn how to adapt these tools to their own needs or they risk being left in the dark now soros may be falling out of love with facebook and google but business is business after all his hedge fund still owns shares worth millions in facebook as well as google's parent company alphabet he did however sell some of the back in november making a pretty nice profit so what should we make of his latest attacks a little flashback might be able to provide answers i think that i've been played blame for everything i am basically there to to make money i cannot and do not look at the social consequences of what i do i think that the problem with george soros today compared with george soros of yesterday is that before he had confidence that his message was taking root and that his narrative of his particular progressive politics was going to be popular with the people. and that
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the social media channels would then be his ally now i think the problem that he realizes that he has is that his progress of vision of the world. isn't taking hold at all in fact it's the thing that a lot of people are revolting against and so now instead of worrying about the message or his case now he's trying to shut down the very channels that are competing against his message are still to come here on the program a new weekly going to cryptocurrency is kicks off after the break with a look at how it's not just who's who can steal go pretty please.
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see we have a great team we need to strengthen before the free world cold and you're better than a legend to keep it at the back. in one thousand nine hundred forty five for the european championships at the very last moment no one believed in us but we won and i'm hoping to bring some of that waving spirit to the r.c.t. . recently i've had a lot of practice so i can guarantee you that peter schmeichel will be on the best form since my last world cup that. thousand zero zero zero zero zero russia. left left left more or less ok stop that's really good.
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to be with us today for the program and you british satire the death of stalin his speech heated debate in russia with some claiming the film to stoltz history and others saying it's just a comedy russia has a ministry of culture has banned the film one moscow cinema went ahead with its sold out screening anyway and that led to a police write. reports from that cinema oh wow. when asked if this british movie follows the last days and death of joseph stalin as well as the political infighting that ensued so why is it having a problem here in russia it's not about style in themselves but it is about the timing the showing of this movie was supposed to coincide with the anniversary of
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the battle of stalingrad it was one of the most decisive moments in the second world war and it's bloodiest battle and since this movie is dark comedy it is showing in a rather satirical way some of the people that made this victory for russia in that war possible so some are saying that this movies is a bit insensitive for the veterans and those who cherish the memories of the great patriotic war many elderly people will perceive it as an offensive mockery of the soviet past the country that conquered fascism and most disgusting the victims of stalinism we don't have censorship we're not afraid of critical assessment of our history. such movies shouldn't even get into russia they shouldn't be discussed just don't let them be shown. i'm ready to come to the cinemas where the film will be shown to speak to those who bought tickets the film is a provocation that might add fuel to the fire so the russian ministry of culture
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decided to revoke the license of the movie when it comes to public opinion while it's played some agree that some may find the timing a bit insensitive others are saying it's art it's not intended to be story accurate and that people probably shouldn't be taking it too seriously it's just a black comedy distortion in songs or people talking about the future it is brilliant i think such films should be shown on primetime t.v. . this film is from the tragic fast protest genre and shouldn't see it from the viewpoint of historical accuracy a few months ago a russian movie found itself in. dental situation the film called matilda was telling the story of the last russian tsar nicholas the second and his love affair with a ballerina and the reason that movie face so much opposition both from the politicians and from ordinary people in the street is because according to the russian orthodox church nicholas the second is a saint so some details of his personal of his love life could be disturbing to
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a religious person in russia the outcome of that story was the movie was allowed to be shown and people had a chance to make up their own mind well the fate of the death of starland remains in limbo he goes down the heart to. the european court of justice has condemned the use of sexual orientation tests for asylum seekers that's after hungary rejected the application of one nigerian man who claimed he was being persecuted in his home country for being gay on account of the results of such a test we heard contrasting views on the story from our guests. to get asylum based on a person's sexual orientation or gender identity requires far far greater levels of proof than for political religious or ethnic refugees so the hurdles that l.g. bt refugees have to go through in britain and other countries is much higher much
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tighter much stricter than for other refugees number of people making fortunate cames is really really really tiny i think that people have got genuine concerns about their the mass immigration coming into their countries and i think what we're actually seeing is the opposite we're using a lot of asylum seekers are claiming that they're being fear of persecution in their country because they gave in order to get into the country there has been a percentage of people who have lied about going in order to get access into this into certain countries including this country where is the evidence where is the evidence that all these people are making false claims can tony give me the figures on how many people in britain have made false claims of homosexuality but i don't need to give you specifics i'm telling you that it does happen and i'm saying to you that this is getting comes the european court of human rights coming in poking your nose in where quite frankly this is why some people want out the media
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including myself because they are a dictatorship we have laws in this country we have exposed in this country who are being really really close kind of thing for many many years the european court of justice decision has made in effect is a european wide ruling on what is generally agreed already by most european member states both inside and outside the european union what it's saying today is really nothing new but it does i think be very helpful for some of those former communist states who don't have the same rigorous standards as britain. and some other european countries it's not about whether it's one person twenty people fifty people one hundred people it should never be a case of we found a my knee expert's opinion which is what you want to do pizza or for the people who are gay and homosexual in countries where they can restart i think these solidity
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of power and that these people have to suffer the wind that they take but i would suggest that the people of these countries stand up and start demanding that they governments address that very issue. the crypto currency market is a bit of a roller coaster ride prices shoot up and shoot down it's a high stakes game of bitcoin for example crashed to half its value just a month after reaching its all time high and to keep you up to speed on c's mcgill francis santiago will be bringing you weekly updates from the world of high tech currencies. today crypto is unique. crypto is empowering. crypto is on the verge of a global financial revolution group that was a direct challenge to the world bank allow you to be the bank and make the money welcome to our weekly digest on everything hot in the world of block change this is
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hard to use crypto you would be your host your breasts and juggle. well the crypto currency market was shaken on friday after around five hundred million dollars worth of tokens was stolen by hackers from digital wallet sort of japanese exchange it is the biggest such heist yet but you don't need to know too much about technology to steal cryptocurrency is as one investor explained to me go. not all stories in the world of crypto have a happy ending meet max lord soca. a young rich and daring crypto trader who kick started his fortune by getting a return of three hundred thousand dollars from a small investment of just the two thousand into early stages of the second most powerful crypto currency the theory i'm becoming an active trader and publicly showcasing his success and sharing tips on his you tube channel he has made himself vulnerable to a new trend of crypto thieves last week as thailand residents the robbers caught up
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with him and stole a hundred thousand dollars worth of big coin i met with max to get the details of this truly eye opening incident for the block chain community musician recording done more signing and you and i went home after dinner with friends and you unlock the door and suddenly two scary guys walked up to us as it turned out they entered through the back door that's where they went caught by the security cameras the robbers pushed us in such as on the couch took away our i phones and covered our heads so we couldn't see anything the third person came in and started searching the place he took my debit card and later emptied my count it took our three mac books our i phones all documents including passports and even from judges they threatened to druggists to turn us into the thai police i knew it all sounded insane but even though they didn't do any of that it was still ready to use violence so i decided not to be the hero and do what they said they stole about one
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hundred thousand bucks they could have stolen all but they were in a hurry my case is not unique not so long ago pavel yashin was beaten up in st petersburg and twenty million rubles were stolen i've just read about that and sure enough that's the kind of thing that happened to me as well here's what i think thieves used to steal money but now they realize that cryptic currencies are a better deal it's easier because you can trace bitcoin transactions so yes i think this is a new trend max now regret. living such a public lifestyle flaunting his success and considers this a very expensive lesson well learned. and your news continues and hoffa know. exists is harlan kentucky. with all of this move them
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voices of the people going straight families leaving only. a co money since he was only the snow cone mines left. the jobs are gone all the coal mines of said. that it was a lot of these people the survivors of a world disappearing before their eyes. i remember thinking when i was younger that if anything ever happened to the coal mines here that it would become a ghost town but i never thought in a million years i would see that and it's happening it's happened. yes it was pretty hard with a large employer but you come. up in the last election i believe will move forward slowly we're going to move
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a wall so we will put you know one of the up and up and we will push it out so i. mean if i hear from time to handle the upcoming scouts more we need the two cops police here on team g.b. . easy showed green e.q. the schedule. there was more than a bunch. of the proceeds go to the imus show do you can you go to. and that's when you tell us what you did to miss told me my space and i was there.
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this is boom bust at the world economic forum in davos switzerland i'm partial to coming up philip metzger the director general of the swiss communications office and a global leader on communication and other issues will join us plus we speak with all the phil who is the c.e.o. of smart valor a cutting edge global digital company based here in switzerland and we have a special report about how this tiny town of davos shape shifts every year for this event all of that and u.s. president donald trump makes his davos debut we'll have it all but first let's head back to washington with manila chan for some business and financial headlines topping today's news. good afternoon i'm manilla chance sitting in for bart who as you just saw is on assignment in davos let's get to some of the day's top stories u.s. president donald trump struck a noticeably different tone today during his speech in davos but one message
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remained the same america first trump said america first does not mean america alone and his words to the world elite as president of the united states i will always put america first just like the leaders of other countries should put their country first. but america first does not mean america alone when the united states grows so does the world he made his argument that focus on domestic policies such as tax reform for individuals and corporations have boosted the national economy citing companies like apple who plan to repatriate billions of dollars back stateside a sober trump state on script without any off the cuff remarks assuring the economic titans that a prospect a prosperous america is good for the world. and european
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central bank president mario draghi joined the critics of u.s. treasury secretary steve menuhin on thursday druggy pointed pointedly suggested that nugent's comments that a weak dollar is good for the u.s. economy was a violation of an agreement reached with washington in october to avoid competitive currency devaluations druggy went on to say several members of the e.c.b. governing council quote expressed concern that this was broader than simply the exchange rate it was about the overall status of international relations right now . in the us aid trump appointee is pushing a major change to the legal process for settling alleged labor law violations peter robb general counsel of the national labor relations board or n.l.r.b. outlined plans to affectively demote the regional directors who result about eighty five percent of n.l.r.b. cases by placing them in
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a new smaller tier of civil servants who could overrule the regional managers the changes expected to tilt the system toward ruling in favor of employers. all right let's head back now to davos with our children for reaction to the president's speech let's get parts thoughts on this as well as those who are in attendance. monella present trump speech was warmly received by a polite audience most of the time was spent on what the president himself describes as being a cheerleader for the united states he told the crowd that the u.s. was open for business and competitive again he said the economy was strong and smashing one stock market record after another consumer and business confidence was high and unemployment was low since by election we've created two point four million jobs and that number is going up very very substantially small business
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optimism is at an all time high new unemployment claims are near the lowest we've seen in almost half a century on the international front the president said that america first does not mean america alone he said we cannot have peace without security and that other nations need to contribute their fair share to that security on trade he said he wants free open and reciprocal trade and made a declaration that he is open to re entering the transpacific partnership or in agreement with a subgroup of the proposed eleven nation pac we support free trade but it needs to be fair and it needs to be reciprocal. because in the end unfair trade undermines a so he also noted briefly about fighting terrorism together and mentioned his
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support for a merit based u.s. immigration system what was notable about the president's speech and his trip here to davos generally is it was absent of any major pope pause the president spoke from a teleprompter except for two questions at the end of his speech it's bespeaks was on disrupted by any protest although there was a large protest earlier in the week in zurich the city where the president's plane air force one landed before departing to davos on several helicopters with the presidential entourage during his davos trip the president met with several world leaders including british prime minister to resubmit he also met with many business leaders or when asked earlier today if he was bringing back any big deals from his visit here and how much those might be worth the president simply said the united states is doing fantastically well business is are coming back and then when pressed robert reporters on how much any business deals might be worth the president simply replied probably
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a lot so far there hasn't been any more specifics on any deal or deals manila that's the latest on the president but it boom bust as you know we're not all trump all the time over and over again so i'm pleased to tell our viewers that we are now joined by the bitcoin queen of switzerland olga filled meyer whose day job is c.e.o. of smart valor all good thank you for being with us thank you but have most part to have been here explain smart valor and what you call the smart valor network. sparked well or it's a decentralized marketplace for the tokenized alternative investments and flabby body who doesn't know what to can is a sin maybe if people heard about it i see oh it's so so can you see it on any public gluckstein you know backed by some kind of on the show. if a company or realize that this is still can is a should rate and today we seize the first examples of to can ization but actually
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anything can be too straight real estate infrastructure project diamonds so the ability. to market place for those two alternative investments or when we met a few months back at fin tech week in hong kong you spoke very eloquently about something near and dear to my heart as a former presidential regulator transparency and compliance explain your perspective for our viewers on that yeah you see a regulation this kind of legs the biggest toddle today on survey of adoption of plug chain technology in finance it started was based because you know i was very fortunate to be involved in one of the first major regulatory. cases for bitcoin in switzerland. we've made significant progress in switzerland and switzerland is developed in the crypt hop for finance right it's been just last week. the president of switzerland proclaims a wish of establishing the crypto nation switzerland right so we hope you know
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that also swiss sort of financial regulator will continue this positive development and create an appropriate regulation framework to enables us kind of technology and businesses although you have a background at u.b.s. working with high net worth individuals it seems they might have some roadblocks to investing in crypto currency i mean one there are so many out there how do you choose and to it's a really technical space how are they doing this so it's true actually you see there are a lot of exchanges for cryptocurrency spirit this is not the focus of business but you're absolutely right to. to to invest in crypto currency is today. in a smart way you actually need a technical knowledge and pretty deep one you need to understand the difference and protocols orders if you know why wise they say this protocol is better than z.
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as of on and scale ability interoperability and so on so for most people this is not possible so most people just read what other people say this is you know a lot of votes but you leeson rate good development you know stories of all when we see some kind of institute in state institutions structures come into place like crypt. rights and there are funds is that that have teams that you know have a very deep technical understanding and they select in the proper investments so so as industries evolve in the things that are few interest and opportunity to get exposure to this industry so a larger question for you this is davos in the theme here is creating a shared vision in a fragmented world how does block change and or digital currencies play into that whole it's very good question bart i really saw
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a vial about it and then the starts you know fraction world i mean there are so many aspects to say that look what we're talking about from the technology side knowledge side here is actually about this central ization and disinter mediation right so blog chain this is a technological power that will be trying to central this zation even faster rate so the first example is of course bitcoins the first to sensual post national currency rate so that means you know that that actually how i was a citizen decide what i do was my money and where i send it government have no influence on that right so that potentially has been you know. potentially this is. a way to weaken when the to live when it sort of pull itself off the state's right so basically can say that we're talking here about riddiford
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mission social construct the two in government and people in this so it's in the way right and this is just the first separated because from decentralized money will go to decentralized wells and decentralized property and so on right decentralized identity right i den public where you can store your identity and it's not government who is in charge shows that right so i think you know it's it's kind of fractioned world on the one side but technology wise to support a full underlying trend is towards a decentralized society and that's a good. one final quick question are you personally invested in crypto currencies. actually today you should know should know they do and then you statements about it but i think that was one of the best decisions i've made all go felt the bitcoin
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queen of switzerland and c.e.o. of smart valor thank you so much for being with us thank you bard take your. time now for a quick break but hang out with us because we want to finish out our week here at davos and here are the numbers at the closing bell. everybody. expects. that american under george bush in our view to say this is my buddy famous financial guru well it's a little bit different.

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