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tv   Boom Bust  RT  February 7, 2018 1:30pm-2:01pm EST

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first the port across the channel a french m.p.'s belonging to a man whom across on march movement not only back the idea but has reportedly been giving advice to the parties founders are things that are depends he has the details this is really a brand new political party that's a boat to launch in the k. its goals are quite ambitious pledging to transform british politics and reverse brigs it it wants a second referendum on it i think there's no chance of brakes it being reversed the british people have spoken and that's an end of the matter they can bash their head against a brick wall although get a sore head while the party is launching in the u.k. it's getting advice for of course the colonel here in prague for helping her and coming from a manual much calls party the republic of march with advisors said to have read at
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a recent meeting consulting about tactics and its norms one of your girl friends was like you pete like us and like many other countries looking for a hole because it was feeling just there i think today drew increasing you can look at the future of musical and i think the movement of christian authors i believe with when you use the future you can embrace. burring the ideas of matter. which invited in every day people regardless of their experience in politics were new also calls on everyone to join and those behind it hope it'll work for them to . we don't have much time the only way of winning is by the same miracle as michael the u.k. electoral commission says there is no issue with the british party receiving advice from a foreign political party providing it receives funding from it so it's fair enough
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but what the reaction be if the advice was coming from a russian party will there be a great outcry as there would be if politicians from any political or from any other country were trying to advise politicians or tell them what to do but i mean what we should all be doing of course is talking to politicians from other countries not to get advice from them not to be told what to do but simply to find out what's going on in those countries we are streaming for an interview to discuss the party but they said they were too busy however they made their feelings about our year saying that o.t. would look to undermine it also accused the channel of being a propaganda tool answer jested that russia had interfered in the briggs's vote dividing the u.k. for europe this fight a lack of concrete evidence. when you clearly doesn't have
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a problem when it comes to seeking the advice of a foreign power such as france when it comes to reversing brigs it a referendum in which the majority of voters pleased to leave you so it seems that for a new meddling is ok it just depends on the country involved jollity even ski r.t. paris. a recent poll has found that most americans believe their media is biased it comes at a time when ever more former senior government employees are moving into t.v. punditry with the control the sea surrounding the recent new year's memo giving them a lot to talk about some are can explore if there are grounds for presumption. bias many people seeking expertise on the nunez memo must be switching through channels these days so is it a big deal or is it underwhelming was the right to release it well here's a familiar face answer all of your questions the fact that the newness and
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republicans deny the ability of the minority of the democratic members of that committee to put out its report is just appalling he has abused the office of the chairmanship yes that was john brennan former cia director and now a member of the m s n b c family as a contributor breaded was a prominent figure in the intelligence community appointed by barack obama but that background doesn't necessarily mean he's biased right but bret is not the only intelligence official who's joined the ranks of mainstream media we also have josh campbell who resigned from the f.b.i. and joined c.n.n. as a law enforcement analyst he's yet to make his first appearance on the network but before he does here's an excerpt from his latest new york times op ed defending his former employee these political attacks on the bureau must stop those critics of agency persuade the public that the f.b.i. cannot be trusted they will also have succeeded in making our nation less safe it's not hard to guess what campbell will say on c.n.n. regarding the nunez memo which accuse the f.b.i.
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of bias and just a little reminder he was also james komi special assistant the same komi who is accused of wrongdoing in the memo but of course campbell and brennan are the first to make the switch there is an absolute leftist bias in the country most of the networks if you just add up for example the time that they speak negatively about the president is about ninety percent of the time and there are numerous studies that show this where for example president obama he would do things say things and there would be no media coverage of it whatsoever and case in point are the recent memos that we're all seeing come out of course the republican memo released the new memo great scrutiny over most of the american. media were very little coverage when what should happen based on that memo for example would be that that molar is investigation should be expanded but that's not what the media has called for now it said that you can never teach an old dog new tricks so how can we expect these
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ex government officials to magically shed their previous political associations. thank you thank. you. thank you. thank you. thank. you. if so in the seventies president richard nixon was relentlessly mocked by the media for imitating a character from the film patton if that was life or should i say politics imitating art ironically what we have these days is the media imitating politics
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samir khan r.t. washington d.c. the u.s. has upped its military budget with plans to overhaul its nuclear capability or the response to suppose of threats from russia and china got the story and will after this short break. it's. what politicians do do something to. put themselves on the line. to get accepted
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over checked. so when you want to be president i'm sure more some more want to be. answered like to be for us to see what the before us three in the morning can't be good. i'm interested always in the waters of my colleagues. first sit. welcome back well it's been a longer five months but germany has finally got it thout for new government the country's two largest parties have hammered out a deal on how to rule in a grand coalition peter are the has the details but locals conservative block has hammered out a deal with the social democrats it was described as needing painful compromise by
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angular merkel and it came on day three of extra time of these negotiations and followed a twenty four hour session we heard from peter the current incumbent of the finance ministry the christian democratic union member of parliament as he was leaving those talks he said it was definitely time for a shower a very tired looking peter altmire as well there so what is this painful compromise well the social democrats they will hold on to the foreign ministry the labor ministry the justice family and environment ministries that they held in the previous government but they will gain the very powerful german finance ministry now after a moment it's unknown which position martin schulz would favor whether he would want to be the foreign minister all whether he would want to head up that finance ministry whatever position martin schulze ultimately takes he may well regret
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giving this statement back in september. so. mr schultz do exclude the possibility of being a minister in the cabinet led by merkel or that c.d.u. c.s.u. . yes yes absolutely i would never be part of a government so what happens next well it all goes down to a vote by the s.p.d. membership that's four hundred sixty thousand. people that will be casting a vote by mail so are expecting a result from that ballot over the next few weeks trying to drum up support for the deal we saw the negotiating team sending a selfie out to a social democratic whatsapp chat saying they were tired but satisfied and encouraging their membership to get behind the vote it is going to be very tight though should the social democratic membership go vote yes well that means angela merkel will have to go ahead to form a new government and we could expect to see that seems place by
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a step six months after the actual election in september if that is a no though from the social democrats then this whole deal well it all falls apart and all this negotiating has been for nothing and really the only option facing germany would be a brand new election. u.s. defense secretary james mattis has urged congress to approve a massive funding boost for the military one of the reasons cited was the growing nuclear threat from russia and china. moscow advocates a theory of nuclear escalation for military conflict congress must commit both an increase and sustained investment in our capability been modernized in these weapons as well as other nuclear system trying to to it modernize it and expand its already considerable nuclear force and we need congress to lift the defense spending caps and support the budget for military.
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several days ago the pentagon issued and nuclear policy review in which the names north korea china and russia among the main security threats the defense department claims there can be no possible delay to the modernization. the country's nuclear forces there of you also says washington reserves the right to use a nuclear response against a non nuclear threat the trumpet ministration is pushing for a seven hundred billion dollar defense budget for this year which is nine hundred billion more than last year's political commentator lou rockwell thinks any such increase threatens global stability. well they want more money because they just want more money i mean this is what the government lives to do with lives to spend . so when you start using these weapons it's all too easy to escalate it's
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a horrendous thing the u.s. has got its bases about a thousand bases in this world all around these other countries it's threatening their destruction and i don't know what's going to happen but it's very very disturbing that these guys are talking openly about this kind of military escalation and it's an outrage that the american people should be letting this go on and maybe they don't even realize what's going on but it's important that all of us understand what's going on learn something about what they're doing it's it's. it's threatening to everybody in the world and anybody who's got children or grandchildren would like to see their families continue into the future to be worried about this desperately worried. the war in yemen is more than a thousand days old and the humanitarian crisis in the country is only getting worse according to the u.n. almost forty seven thousand yemenis have been displaced since december meanwhile
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reports continue to build of children being killed or injured in sounding that as strikes we spoke to some of those affected just a warning you may find the following images just. you know what do you. do if you. know you had ten times today trying to. get their story do you let us settle. down and then you first start i want. to know what's going on the for the money. that you. we're.
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going to possibly have begun with me michel we are given by the president to be you know. get a wee small children but they should know love is not and there will be a second on the intimate level. just to remind you the saudi led coalition started its incursion in yemen back in twenty fifty against the opposition fighters which had seized power in the country since then saudi arabia has been under pressure from the international community are finally prompted it to recently send aid to civilians the logo painted on the tents reads saudi arabia kingdom of humanity all thought i was right or one believes it's hardly humane to wait at three years into a bombing campaign before sending any help. that saudi actually after three years of obama bob and by all means that from the from sea from ground they
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did not actually pull down into this war and declare victory and now more than ten thousand people were killed most of them to be and also but there have been in polls that in yemen that i think situation and top of that they are saying that we are kidding about the human acadian side of this war we are helping the yemeni people i believe the saudi is usually embarrassed they started this war thirty years ago and now the end of muslim community can see the drastic effect on the people and say including saudi enough is enough. carried out say we love to hear your thoughts on all of our stories start to get in touch by following us on social media i'll be back at the top of the hour with all the latest headlines us to get that.
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all to you we have a great team but we need to strengthen before the freefall world cold and you're better than a legend to keep it so i took a back. in one thousand nine hundred two that must qualify 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 winning spirit to the r.c.c. . recently i've had a lot of practice so i can guarantee you that peter schmeichel will be on the best fall since my last will call him about steroids or three. thousand zero zero zero zero you. brush. i try strikes. the left left left. ok that's really good.
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you know when you don't. get a court to do. what they need not through only ten. let alone they. said. time into no seven did that. you speak french. well it's a new. to america's too intensely charged in opposing news narratives to cable news networks reflect these divisions or rather function as triggers intensifying cultural divide
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also what has happened to journalism is it now a profession inhabited by hacks in the politically possessed. or. this is a boom bust broadcasting around the world from washington d.c. i'm part of you coming up we take a look at the tumultuous market tumble with two experts in digital currencies are again in the headlines this time as the chair is of the securities and exchange commission and my old agency the commodity futures trading commission testified before congress plus wells fargo is still in the news says the us federal reserve places were up restrictions on the bank will go. into that with sarah grammer now let's check out some of the stories topping today's headlines. on friday the dow
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jones industrial average plummeted six hundred sixty six points that's not an ominous number then yesterday making friday seem like child's play we witnessed the largest point drop ever ever amongst the dow industrials a drop of over eleven hundred points for those in the u.s. watching and wondering in real time why the boom bust team was it sure seemed like panic selling as the market had dropped from five hundred points down to sixteen hundred points in seemingly no time at all it has been and may continue to be a monumental market moment in history r.t. correspondent trinity chavez has more from wall street mark there's a lot of frayed nerves here on wall street as the global bluntschli volatility in its wake yesterday we had this single biggest one day drop on the dow jones on friday the dow opened up twenty five thousand this morning it dipped below twenty three thousand nasdaq fell look four percent on monday although on monday around the world japan's nikkei index the hang sang of that vote lost this close to five
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percent of total value the same high composite dropped almost three and a half percent in the stocks europe the two hundred last three point two percent that slide is more surprising and even more unsettling as it comes after the rally in the beginning of the year and after historically low volatility in the market reporting for us from the top. trump administration budget director mick mulvaney continues to drastically reshape the consumer financial protection bureau or c f p b last week mr mole of a me stripped c f p b s office of fair lending and equal opportunity which pursues discrimination cases of enforcement power is action was denounced by civil rights groups at the same time mr mo veiny c.f.p. be his undoing in obama era regulation on payday loans and has dropped notable pending payday. are cases including that of one company world acceptance corp that had donated to mulvaney s political campaigns payday lenders previously donated an
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estimated sixty thousand congressional campaign dollars to mulvaney between two thousand and eleven and two thousand and seventeen. c f p b is also reportedly scaling back an investigation into the equifax data breach last month mr moe veiny was criticized for saying c f p b represents lenders when his agency is specifically chartered to protect consumers by law and by name. the general manager of the bank for international settlements has some remarkably harsh words for crypto currencies general mattis manager gustin carsten addressing an audience in frankfurt germany earlier today referred to bitcoin and its peers as quote private digital tokens posing as currencies before saying that bitcoin quote has become a combination of a bubble a ponzi scheme and an environmental disaster carstens also set up authorities to
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not act preemptively crypto currencies become could become a threat to financial stability carstens comments carry heavy weight due to his standing amongst the global financial business class his resume includes lending the leading the mexican finance ministry and central bank and a stint as deputy manager of the i.m.f. the international monetary fund bitcoin value dropped by fourteen percent falling below six thousand dollars after carson's comments but later rebounded and we'll have those exact numbers at the break. but right now we continue to discuss digital currency is with jared andersen he's the director of simpler trading crypto jared thanks for joining us the chairs of these securities and exchange commission and the commodity futures trading commission the c f.t.c. testified before the senate banking committee today take
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a little listen to their opening statements we the f.c.c. and the sea f.t.c. do not have direct jurisdiction over the popular markets they trade true cryptocurrency. this is not an oversight it is the result of a new product and market to see if d.c. has produced a large amount of consumer education materials and virtual currencies including written statements podcasts women ours and a dedicated bitcoin website we've even schedule visits to libraries and briefings for seniors we've never conducted this much outreach for any other financial product. jared what's your take on that hearing i know you were watching intently today what are your thoughts. so i watched the whole thing and you know i i honestly think it was sort of just a bit of an ambiguous talk overall there was really a lot of back and forth but without really any definitive. statement on what they intend to do the one thing that stood out to me was regarding i see where you know
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many points people across the board you know brought that up and how much money was raised and the inability to track really where the money was raised from so the one thing that came from me was. it kind of eliminates sort of the cloud overhead that you know i think the market was really waiting for for some clarity from this but really the only thing i heard was that they are pushing towards regulating i see those and have kind of made the warning to anyone doing that to this point no one has registered with either agency to you know to push one of these out so in my mind i mean it kind of gives the green light for bulls to put you know potentially step back in i think we might have that clip and you're right that was that was our takeaway here boom bust also can we roll that clip on elizabeth warren and clayton so it is not new is it is
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a new but it is not ok and it is not another way to raise money correct i am understanding you to say it is a violation of law yes. ok so so you know there's a question about these icy goes but the elizabeth foreman jake lightner saying they are operating outside the law does do you think that means that the icy roads are going to continue to be done in the us jared only under increased regulatory scrutiny or are they going to move someplace else outside of the u.s. . so in my mind i think we'll see both i think you're going to see a new wave of i.c.'s come out of the us that are going to the lengths to be compliant i just think that it really needs to happen to a certain extent i'm all for kind of the government keeping their hands off things but in my mind you know just talking to different people there have been a lot of people taking advantage of. you know with that said i also think that we'll see across the globe you'll find you know these safe havens so you know we
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see that kind of thing with tax evasion and other things like that and i have to imagine with i see we'll see something similar ok so separate from the i see those how about you know regulation in general in the digital space you said you know you don't prefer it but you know i sort of look at it in two ways one you've got to protect consumers i think or at least somebody does you may think that it or not government but we've seen so many times where we've had computer problems whether or not it was mt gox or the one coin check in japan just last week where you know hundreds of millions of dollars are lost that that's not right so is there sort of a middle ground here gerri between overregulation that forte's innovation in this really innovative promising space in my view and protecting investors or should the government just keep their hands off. yes i mean it's really a great question and i think you know you kind of hit the nail on the head there
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too you know a bit where. i really think that you know it's on sort of the consumer in one way to look at is where if you know i'm investing in these things and so i take it upon myself to act as sort of the bank where i'm going to lengths to to store these things you know via cold storage or hardware wallet things like that you know where you mentioned mt gox being sort of the issue keeping on an exchange now where regulators i think need to come in and they just need to you know paint pretty clear lines how these companies can sort of operate where they're not at fear of being held liable for breaking the law so i think if they were to come out with some clear statements on here's what we expect and you know we'll let you in of a because that's always the biggest issue with you know government interference is that stifles innovation across you know where blocked chain i think is going to change the world you know not for just finance but for things like voting and you know just sharing information in a very transparent way so yeah i'm very hopeful that we will see you know lenient
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you know regulation at least initially i agree with you actually on most of that jared and one of the other things that c. f.t.c. chair giancarlo told the banking committee and you may recall it from sitting through all of it today was that he thought that we should look at digital currencies and block change sort of like we did the internet when the clinton ministration was in place and and give them sort of a free pass of some of the regulation so that we didn't for innovation that happened then it sort of worked although i guess that's subject to some debate so anyway we thank you so much jared for being with us jared andersen the director of simpler trading cryptocurrency thanks for being with us hope you'll come back again yeah thank you for having me really appreciate it. wells fargo a historically important part of our american heritage has been in the woodshed for a few years now and for good reason they establish sham accounts for their customers and charge them for things they didn't one or ask for amongst other
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things they have been hauled up to the hill before the house and before the senate and it was not a love fest best you were competent at worst you were complicit and either way you should be fired wells fargo officials testified to tepid measures to address concerns but later there was even more trouble now the u.s. federal reserve has weighed in taking an action which one commenter said is putting the fear of god in board and bank board rooms here discusses eric reimer a former f.c.c. official and policy commentator eric thank you for being being with us first of all tell us what you make of their their entire sort of nefarious actions give our viewers what wells fargo has done over the last three years to put them in this problematic circumstance and it's a very multifaceted problem basically it back in september two thousand and sixteen the c.f.p. be the o.c.c. and the boss and it's in the attorney.

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