he was right if you reach a pauwels words compared to what the mainstream media is saying about him one of us is wrong prostate habit forming sort of morphine with q.e. and then trying to get off it but they still love it love it love it and finally danielle tell us about what the other central banks are doing you know there's been a lot of economic progress around the world but there have been some growing signs overseas and even in this hemisphere with some central banks that are concerned about the economy what's what are they doing now. well you know mario druggies got his hands full with the you're with all of the eurozone because it is growing gangbusters right now and yet he's got a quantitative easing program that's up and running that is ridiculous it's ridiculously too loose and we know that the germans are going to be stepping in and naming his replacement by the time labor day rolls around here in the united states i would look for potential more and more tightening than we anticipate right now in europe and don't count out the bank of japan either they have chosen to to peg

their quantitative easing program to a ten year yield target and that has forced them to decrease the amount of monthly purchases they make in their own quantitative easing program and we've got quantitative tightening going on back here at home and jay powell has been a huge advocate to continue shrinking the fed's balance sheet so when you look at the globe when you look at the world holistically and add up all of the tightening that's supposed to occur in two thousand and eighteen i'm not so sure the markets are ready for it danielle demarche you know both president of money strong and author of fed up and insiders take on why the federal reserve is bad for america thank you as always for your time thank you. and time now for a brief break but hang right here because when we return we're joined by eating strange executive to talk buddy offerings and we take a look at the largest digital currency act and place there ever and the dow is not

down for a third day in a row in fact we just talked about the fed the dow was up as high as to sixty one today but after the fed mean that we're just speaking about and they talked about interest rates being risen later as close to one twenty your other numbers that the closer you get. local blogs selling you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battles they don't want. to stop spreading tell you that will be gossip and probably less trials of the most important news today. of the bad guys and tell me you are not cool enough unless to buy their product. these are the hawks that we along with our audience will watch.

kentucky. boy you're going to. a coma any city with almost no coal mines left. the jobs are gone all the coal mines are said i'd. love to see these people the survivors of 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 the million years i would see that and it's happened it's happened. here's what people have been saying about rejected in the senate it's full on. the only show i

go out of my way to find you know what it is that really packs a punch. is the john oliver of harvey americans do the same. apparently better than. i see. heard of love redacted the night president of the world bank take. me seriously send us an email. last night president trump offered rhetorical support for the people of puerto rico who are still suffering in the aftermath of last year's hurricane season the president said quote we will pull through together but it's a bit astray should seems they are pulling out as of today the federal emergency

management agency fema is ending shipments. food and water to the u.s. territory and the citizens who are trying to survive their puerto rican officials were surprised by the cut off and are still waiting for critical logistic details from fema it's estimated that a third of the island still lacks power and twenty percent of the residents lack running water after four months since hurricane rita hit the island. european regulators are being petition to take further action against google google is fine nearly three billion dollars by european regulators last june for favoring its own shopping service over rivals in ad placements and created a new system to address the issue but google is still appealing the e.u. decision and rival say the situation has not improved and in some ways has become worse under google's new ad placement system in other european news strong growth

in france has pushed overall growth in the euro zone for twenty seventeen to the highest rate since two thousand and seven official statistics say that growth gross domestic product equivalent for the nineteen euro zone countries grew by two point five percent and by one point nine percent in france. we shift to talk about cutting edge exchange offerings and are joined by exchange executive worthily ab ski who has a cease creates street executive in several benyus including the international securities exchange he currently serves as a board member of a notable change in energy and power oriented trading venue boris thank you for being here it's a pleasure to have you it's good to be have are thank you ok so let's get into it with your general take on the pullback in regulation the president talked at state of the union talks all the time about reducing regulations and some of those are in

the financial sector so you come from a regulated exchange what's your take on this one part one of the things that's always important to remember is that going all the way back all the way to the thirty four act in the creation of the f.c.c. all of these regulations exist as a reaction to something that happened in the market market abuses we've seen it recently from the wells fargo situation to various market manipulation issues and some of these illegal now i think it's a great idea to go back revisit regulations make sure they fit the current market model and market structure simplify get rid of the ones that don't make sense anymore but rolling back consumer protections generally speaking that's a terrible idea yeah and i agree with you i mean it definitely review regulations make sure they're you know like timely in the things haven't changed like digital currencies accept or now let me ask about one of the changes that came into effect or the bill for the wall street reform it's a protection act you know it well i know it well wrote many of those regulations

including this one regarding spoofing so first of all explain just for our viewers what spoofing is real briefly and tell me about whether or not that's one that we should be pulling back because we have seen in recent days with h.s.b.c. deutsche bank and u.b.s. they've been fined by my former agency the c f.t.c. . so what is spoofing and should that be rolled back short so as far back as a dozen years ago we used to talk to the f.c.c. about things like quote stuffing we used to call it but we use the word spoofing as well and then as you mention it came into regulations as part of the dot frank act where the submission the simultaneous submission of large orders of electronically generated quotes and orders that are not meant to trade but in fact meant to cause other market participants to trade at dislocated market prices that's what spoofing is a dislocates markets and it causes a lot of short term harm now i don't think that's

a regulation that should be turned back around at all because even though you will always observe the market snaps back things normalize ultimately the markets self correct what happens during those periods of dislocations can be very damaging and you see it in some of these reports about these banks some of them actually self reported the activity they also recognize how damaging it is we've seen what can happen to a market in a volatile environment it's a regulation that's very important and very pertinent and one that's occurring i mean somebody is trying to make money off of that move pushing and pulling markets around it's not an innocent endeavor now let me get your take boris on these digital currency exchanges not on the currencies themselves because you come from the regulated market environment and the digital currency exchanges are anything but what's your view on those things i think one of the interesting things that's very near and dear to your heart is that the c.f. the c. quite recently came out with a request for comment it's interpretation of the original commodity exchange act

that talks about delivery of the actual commodities now back in two thousand and fifteen the see if he declared that crypto currencies are commodities now what they're about to potentially do is determine that the crypto currency exchanges in the u.s. the way they operate to date. actually futures exchanges it's also important to note that the way these exchanges operate today they're not just the exchange that they're the broker the custodian the clearing house and i don't think that's sustainable it's very possible that in the near future not only that will they have to become regulated futures markets but the lol so have to gradually separate those functions it will be a maturing process we're still early on and ultimately i think it will actually be a positive for this industry we've only got about thirty seconds for us but i got to ask you about these exchange traded funds that are really based upon either the block chain or a basket of digital currencies what do you make of those things just really and who

are they which which are for which are the firms out there right so the ones that came out very recently are you know block l u g r coin b. l.c.n. they have going with a k coin with a k. they've attracted hundreds of millions of dollars and what's interesting about them is unlike the e.t.s. that proposed to actually hold either bitcoin futures listed at the c.b.i. we are the seamy c.m.e. or the spot currencies of these invest in publicly listed companies that are engaged in using this new technology and i think it's an interesting way for both retail and institutional investors they're looking to get exposure to be able to separate investing in the crypto currencies themselves and the technology now of course one of the interesting aspects is one of the biggest funds out there is actually not exchange listed it's the g b t c fund that represents holdings in a crypto currency fund representing one tenth of one bitcoin and with very few notable exceptions it's accessible to all brokerage accounts but at the same time

v.s.e. has been very strict in their interpretation of the requirements and it might be some time before we see specific crypto currency ts for sale ascii exchange executive from the c. suite thank you for being here man we'll talk again sometime thanks for being in studio thanks so much for having. the largest half. and the highest of digital currencies ever has taken place in japan at coin check which lost five hundred million dollars last friday here to discuss is joshua young chairman of iron bridge resources joshua thank you so much for joining us and what do you make of this hacking heist in japan thank you for having me i think it's not safe to keep crypto currencies custody on an exchange i think exchanges are a good place to use to buy and sell cryptocurrency is and then their best held privately rather than being cost of exchange can you joshua can you put this into perspective we've seen some some big hacks in the past mt gox

a few years ago but there's been some others or that's a money lost and in digital wallet can you put that into some context for us yeah for sure there have been a number of different hacks and in some cases possibly stuff by the operators of exchanges or cloud cloud mining or other such platforms and ultimately the cryptography associated with bitcoin and similar currencies is actually quite powerful but defeating it by giving up your your private code to a hackable exchange or to some other provider defeats the point so if you're going to have something that's even steps in secure and that's protected by very advanced mathematical cryptography that makes sense to me but giving that up i think is

structurally challenging and obviously losses have been mounting between not gox and this most recent hack along with a number of other hacks joshua what do you provide investment advice and hold old investment money for customers. yes so i actually i'm the portfolio manager for a energy opportunity find based in houston and i'm chairman of the board of a willing gas company in canada and what we've been doing is using our associated natural gas that we're getting from our oil field and burning it in power generators and using that excess natural gas that otherwise we're only getting pennies on the dollar for to mine for bitcoin other cryptocurrency so that's my connection to the space and that's kind of how we've gotten up to speed on it and just to give you an idea that konami x. . natural gas in canada sells for less than two dollars per thousand cubic feet and

us dollars and if you mine for bitcoin even with that going below ten thousand dollars. you're still affectively through burning the gas getting electricity and running it through these mining machines you get close to fifty dollars per thousand cubic feet that's very interesting actually had heard about anybody doing that we'll have to bring it on and talk just more energy to in the the future but let me ask you so if one of your investors is out there and they want to buy ripple or light coins all separately from your in devore will you do that for them or or is that outside of your scope. i know that's outside of my scope my involvement on the mining side and specifically as a value investor i'm interested in investing in things that generate positive cash flow rather than commodities like gould or like a crypto currency and frankly i wouldn't want to be a custodian as i've shared i think there are some issues with the custody platforms

for crypto currencies so if someone wanted to do that i could maybe point them in the right direction but i would strongly suggest to anyone doing that they hold that they hold crypto currencies if they buy them on their own private physical wallets and have a safety mechanism in place to avoid getting stolen from oh well that's good advice and i know a lot of money managers a around the country around the world quite frankly are skittish about getting into it and so individuals are looking at how do they get into the crypto currencies individually with that let me ask use separate from your endeavors joshua are you personally in invested in any crystal chris i'm sorry crypto currencies. no i'm not again i'm really interested in dusting and things that generate cash flow and where there is some unfair advantage and so in this case you know i think i have an unfair advantage with this company where we get to waste what's plentiful

and treasure what's scarce but in speculating at specific currencies i don't really have an edge so i haven't done that you may be underselling yourself but we all take it at face value for right now and we hope to have you back either on this topic or on on maybe energy related topics in the future joshua young founder of young capital management and what was the other one joshua the other title so i'm actually i'm chairman of iron bridge resources and support from a manager for bison energy opportunity fund gotcha thank you so much. that wraps it up for this time thanks for watching be sure to catch boom bust on you tube you tube dot com slash boom bust arctic sea on the flip flop so long. seen years ago i traveled across the united states exploring america's deadly love affair with the gun bad guy trying to get to one of my family members he would have

better a lot better and i think it's fair and hurting when i buy my baby says my book was published in the year two thousand more than half a million americans have been killed by followers of the u.s. how does the team yes we did this is a middle school we go through drills and we put ourselves in real scenarios it was interesting to see who actually got here. i decided to return to the subject to track down each gun owner who i'd met and photographed those years ago i don't know that but we are not. i want to show people in russia that there is another point of view and this is the

goal of my campaign i know you can't win on the elections where the only point it always wins for there is no talking what would be if i would win i will never win on the elections like in the casino where almost always because you know when. i i. i i. i.

the b.b.c. is accused of bias as the u.k.'s house of lords questions the corporation's brags of coverage following the release of damning reports we hear from one of the authors. i think it's pretty cold that a public broadcast risk you get some time with it so dramatically in this direction it all looks political issue over the top. donald trump is caught saying he will definitely release the contents of a controversial classified memo alleging abuse of surveillance powers by the f.b.i. . and israel is to sued to new zealanders who allegedly convinced of the pop star lord to cancel her tel aviv concert.

broadcasting lodger up from our studios in moscow this is r.t. international i'm john thomas certainly glad to have you with us. at the b.b.c. has been accused of bias in its brags that coverage with the majority of its guests said to hold a pro e.u. stance that is according to several recent reports which have prompted anger in britain's house of lords now the corporations of toral guidelines however say it must be inclusive and reflect a diversity of opinion making heard the full spectrum of voices on the political stage but the reality appears to be quite different in practice. across our output as a whole we must be inclusive reflecting the breadth and diversity of opinion we must give due weight to the many and diverse areas of an argument.

to leave has left us with a group of leaders who having lit the fire of all runaway breaks it is a historic mistake for us with it it breaks my heart i lie in bed at night worrying about the outcomes of backset once again i'm the sole lever on a.b.c. panel. frankly the p.p.c. has become the supporter over for organizing. for the european union of the brics it's true mr david did this city recently that his job in brussels is move even more difficult if every time he makes a small advance that is probably on the mind of the b.b.c. get sure that in order because you do so a duty of impartiality. is

go to mark a little word director general at the institute of economic affairs which was behind one of the reports on the b.b.c.'s coverage. but it's true that we are no longer in a referendum period and it is true as the b.b.c. said in a statement by a phone is true with that it's no longer a binary choice but the problem is this although there are a wide range of choices do we leave without a day old do we stay in with a transitional period do we stay in the single market do we stay in the customs union and if so for how long or there are now a wide range of options really those range of options are subsets of the remaining camp and the leaf cap i think is pretty poor that a public broadcaster is skewed that guess sometimes less so dramatically in this direction on the top political issue of the times. in general in britain the stagnation figures famous figures and influential people have tended to be in favor of

a you membership it's more the ordinary man or woman who rebelled against the political status intense believe side it seems to me that balancing all people's views on bricks it and making sure you have a fair share of voice from both ends and all ends of the argument should be a very very high priority indeed. i think the politicians on the leave side of the argument those who are in favor of projects that are beginning to lose their patience with the b.b.c. the baby say will argue that they always take flak from every side people in the center right compline center left people in the center left complain that the center right and if you are taking sort of equal amounts of flak to the criticism from all sides of the fight for perhaps that's a sign that you have got balance but i would say that the baby say now should be concerned but there are politicians who are seriously raising in the british parliament in the house of lords genuine concern about whether the baby so you really can be considered a neutral broadcaster one that doesn't just show

a diversity of views but a proper balance and at the b.b.c. starts to lose the faith of politicians in the public. in that key question of neutrality then i think over the longer i have a great deal of problem justifying the present funding and possibly even the present crisis of their existence r.t. contacted various unions and organizations that represented journalists for their reaction so far only the o.s.c. has gotten back to us but they refused to comment. the white house says it plans to release a controversial classified memo allegedly detailing abuse of surveillance powers by the f.b.i. announcement comes after donald trump was caught on a hot mike saying the same as he was leaving the house chamber after his state of the union address but really. what.

it is claimed the document reveals f.b.i. abuse of the foreign intelligence surveillance act particularly with regards to claims found in the infamous trump dossier if confirmed it could damage confidence in the bureau and the ongoing probe into trump's alleged russian links the memo was drafted by the chairman of the u.s. house intelligence committee which voted on monday to make it public some house members who read the memo called it shocking and worse than watergate president trump has until friday to decide whether to release there has been a huge call to make the document public with the hashtag release the memo trending both on twitter and facebook meanwhile a counter memo drafted by the democratic minority on the house intel committee is being blocked from release by republicans top democrats believe that the release campaign is yet another kremlin plot and they have demanded the social media giants revealed that it was russian bots promoting the hash tag so twitter and facebook could deny this democrats are now pressuring both companies to find evidence of

moscow's hand. your replies have raised more questions than the bones that we cannot wait to know the years to learn how criminal link trolls and bullets currently exploiting you all platforms to influence debates going on in congress today democratic congressman adam schiff says the memo opens the door for trump to fire key people looking into russia's alleged meddling in the two thousand and sixteen election brian crabtree publisher of talkers forty dot com and a political talk show host believes that the democrats profit from pushing a narrative that obscures trump's successes our economy is on fire things are happening in america for the first time in a decade or decades in the democrats want to bet on the failure of america because that's where they gain power again if trump succeeds then what do they have to offer so they'll blame it on russia that seems to be the argument they fall back on it's all russia's fault i think it would be a bad idea politically to fireballer now they'll get me wrong i'd like to see that

happen i think it's an investigation about nothing about nothing the american people don't trust the f.b.i. so worried about releasing the memo worrying about the facebook aspects of this the american people have already lost the trust of this level of our government the way we restore it restore it is to put the spotlight on it shine it on the problems and the corruption get those people out of there and put new people in place that will definitely rebuild the trust in the f.b.i. and most importantly i think it starts by releasing at least the most important components of this pfizer memo. after president trump's first state of the union address on tuesday reaction was mixed from standing ovations to booing american was following the speech. on foreign policy there was plenty of american exceptionalism mixed with platitudes and cliche's he introduced the subject by naming every so-called threat to the u.s. but in general it was all pretty vague he didn't go into detail explaining how he would accomplish any of these goals but beyond that trump took credit for

eliminating isis and he seemed to have hinted at continued military presence in the region saying quote we will continue our fight until isis is defeated he ended it with north korea calling it the worst of all dictatorships warning that their pursuit of nuclear weapons could very soon and threaten our homeland even though d p r k has never attacked another country before north korea's reckless pursuit of nuclear missiles could very soon threaten our homeland past experience has taught us that complacency and concessions only invite aggression and provocation i will not repeat the mistakes of past administration that got us into this very dangerous position while russia and china have been trying to reduce tensions between the u.s. and north korea and they even called on the u.s. to provoke them anymore but somehow they were designated as a threat centrum speech around the world we face rogue regimes terrorist groups

and rivals like china and russia that challenge our interests our economy and us in confronting these horrible dangers we know that we do this is the surest path to conflict and matched power is the surest means to our true and great defects i was just a watching mainstream coverage earlier in the only criticism big had well as foreign policy wise. was that he was apparently too soft on russia and you know the united states requires to have major enemies to justify the seven hundred billion dollar defense budget which is actually one point one trillion if you break it down so these are all important noises for the president to make the state of the union to sort of shore up support from the defense bloc as it were to.