back to what's driving interest rates and you know we're not that far away from the recent cycle high of three point zero three percent on the ten year treasury if we surpass that which is maybe twelve hundreds of a percentage point if we pass that line of demarcation i can't tell you what's going to happen to the stock market but it won't be pretty and. i can get the theory here and it is a little troubling as you're explaining it do you think that it's likely that we will see another market correction before the f o m c m e it's march right. march the twenty first and i think the odds are you know don't don't hold me to this because there's one thing you can never do and that's time to market but i suspect that january was possibly the cycle high for the stock market in that we're going to continue to have one's the volatility genie is out of her bottle after

the markets being as complacent as they've been on all of record keeping that we have on hand once that volatility is introduced you have to pick only seen the top of the market for stocks and now we're in the bumpy ride part of the transition that typically precedes a bear market is this going to happen before the march the twenty first i couldn't tell you i can tell you that the focus is going to be on jay powell when he puts in his initial testimony to congress on thursday the twenty eighth well let me ask you about him and about the poem see a meeting and i know that it would be unfair to there's so many variables between now and the meeting but. just say things were pretty much the status quo that there were no no new wage numbers that surprised people the c.p.i. didn't you know bugaboo again. if everything was like it is now do you think we would be looking at a rate increase at the march meeting and how much quarter of

a percent so i'm going to give you a roundabout way of getting to my answer of absolutely had it been had it been alan greenspan had it ben ben bernanke he had it been janet yellen on what jay powell first day of work was which witnessed a sixteen hundred point decline in the dow it ended up closing down twelve hundred any of his three predecessors would have come out and hit the panic button and said the federal reserve stands ready to act. you know we heard from jay powell nothing not one word so i think he's already starting to command a presence and he's also announced to the market that even if there is a major slide and stocks between now and march the twenty first that f m c statement being released he's still going to hike interest rates in march probably also in june ok well and you know we're we're taking notes every time we have you on danielle and we we call your answer well we know we were on the board thing i

was going to say is we remember your jay powell is not a janet yellen clone and so that goes to what you're saying now we'll see more of that in the testimony coming up and we'll we'll see of the poem see a meeting in march danielle de martino both founder of money strong thank you so much for joining us again we sure appreciate it. thank you appreciate it. time now for a quick break but stick around because when we get back jeffrey tucker the editorial director at the american institute for economic research talks to us about crypto currencies plus the olympics are over will they have any lasting impact on relations with north korea and as we go to break here the numbers of the closing bell markets are all up.

what hopes is to. put themselves on the line to get accepted or rejected. so when you want to be president and she. wanted. to go on for us this is what about for three of the people. i'm interested always in the waters in the. city. hey everybody i'm stephen bob. taft hollywood guy you know suspects every proud american first of all i'm just george washington and intervene to say this is my buddy max famous financial guru well he's a little bit different i'm not a one can find i know no one knows up with all the drama happening in our country and i'm hitting the road to have some fun meet everyday americans. and hopefully

start to bridge the gap this is the great american people. apply for many clubs over the years so i know the game inside guides. football isn't only about what happens on the pitch for the final school it's about the passion from the fans it's the age of the superman to just kill you narrowness and spending two to twenty million albums fly a. book it's an experience like nothing else i want to because i want to share what i think of what i know about the beautiful guy great so what chance with. the piece it's going to.

come. on friday we were for the first financial stakeholders to cut ties with the national rifle association the first national bank of almost enterprise holdings parent company to the enterprise alamo and national car rental brands now car rental competitors hurts avis and budget also have ended their discount programs for n.r.a. members and air travel delta and united that had ended their discount programs united had been specifically discounting travel to the n r a's annual meeting other big names severing ties with the n.r.a. include the cyber security company semantic met life insurance and simplest safe

home security. the supreme court heard opening arguments today in a case that could deal a crushing blow to the public sector labor unions and the labor movement as a whole the case janice vs asked me local council thirty one could result in public workers who benefit from contracts to go shaded by unions no longer having to pay fees that are used to negotiate those contracts and represent workers the ruling in favor of the plaintiffs in the case could financially cripple public sector unions one of the few remaining bastions of organized labor in the united states labor was previously spared this blow when justice antonin scalia died which left an evenly divided court unable to set precedent in a similar case justice scalia had since been replaced has since been replaced on the court by conservative justice neil who in famously ruled against

a trucker who was fired from his job after he nearly froze to death while completing his job. krypto markets are on the rise again with the top ten coins all in positive territory monday bitcoin has spiked above ten thousand dollars to ten thousand three hundred an afternoon trading that's a gain of more than ten percent up more than nine hundred dollars and twenty four hours. so will kryptos take off like they did late last year here discusses jeffrey tucker the editorial director of the american institute for economic research jeffrey welcome back i want to get to your op ed in a minute but what do you make of these price moves. it's funny in the kryptos face in the president everyone's happy with their fall and everybody's sad you know we discuss these waves of emotion and it's all fun we all know where this is headed up up up when how much nobody knows for sure right now when you wrote this op ed i

want to read part of it to our viewers so you can explain it. you might be living in a time in which you will experience the end of central banking and perhaps even feel the currency and the replacement by a completely new system now you know deleted by question is a lot of times there's been sort of these out there statements jeffrey amy you have to admit on a bunch of things related to kryptos and i think if i had read this you know three years ago i would have thought you were you know. twelve but that it's worth discussing and i was a six when yourself i'm out yeah i'm actually believe it or not i'm actually a cautious writer i try not to say crazy things. but what i wrote that article i thought you know i just have to say it was true and what's true hair is that the central banking model is premised on two essential conditions one

a complete monopoly over the money and two that all the money run through the through the banking system and that it's controlled. from the center and so that's why in this piece argued in the monopoly is essentially to end central banking and i think crypto can do that it's just a much better technology and we're seeing that happen gradually in some places very fast and other places like venezuela which i think was the topic of that article well explained of that as well and model and what's happened there with the ball of our. well that's an interesting case because you have a government tried to implement socialism which ultimately comes down to printing money it's not a viable system and they destroyed the bowl of r. and the bowl of ours is gone nuts right so you've got five digits six sometimes even by some estimates six digit inflation so it's not a useful currency anymore and a hard fork or occurred in the bowl over so now the hard currency is worth three times what the digital currency is new got arbitrage opportunity is there some

people are selling darker the for the digital currency and pay their bills you know with the digital currency and pocketing the difference to it's just complete character chaos and so now the government found itself in an awkward position it's like ok we destroyed the bowl of. the new currency so they came up with this fake crypto currency which they called the petro which wasn't really didn't really have a market valuation they floated and i see it just like they see everybody else doing in two thousand and seventy except as far as anybody knows the only buyer was actually the government itself and now they're forcing government owned oil companies to to accept that. it's something like a scam right but it's an interesting model for how how. government money system comes to an end. all right you know there's another thing that you said in the op ed jeffrey but it'll get us actually back to prices and

moves today you follow these things so closely but you said in the article two years ago bitcoin began to really catch on in the country but in two thousand and seventeen its popularity bumped into serious scaling problems that made it too expensive and too slow. for hand to hand used explain what that problem is for us. well in two thousand and ten one of the. architects of the client in this case a komodo actually imposed what one block block one megabyte limit on the block size and that wasn't a problem in two thousand and ten two thousand and eleven all the way until really essentially two thousand and seventeen when when when that when the currency really caught on and the network got so crowded that the miners were able to charge very high fees for sending or receiving which took away one of the benefits of i mean i

was a kind of a i guess an evangelist two thousand and thirteen and my friends and i used to sit around and you know restaurants and swimming because back and forth to each other and just enjoying it you know the speed and the low cost of sending that all changed in two thousand and seventy in some ways it was a nice problem to have because that indicated the success of big client but protocol wasn't really prepared for the for the for the amount of network traffic it taste and so so this cheap fast model that we got used to suddenly was obliterated that caused a fork in the chain and suddenly big cash came about in august. with an eight megabyte block size limit was solved all the scaling problems but in the meantime all these other competitors came along and how you look at the the market for crypto currency there's something like a thousand cryptocurrency is and if you look at the entire crypto asset sector

bricklin itself constitutes only as of today thirty eight percent market capitalization but you know this is not just a reflection of declines to sas and actually limitations like i should say it's what it illustrates is that we're dealing with the technology of epic proportions and with so many different applications there's payment applications utility applications and very crucially there's security applications like to replace traditional ways of raising money for enterprises and that's where i think the real big ninety innovations are going to come in two thousand and late two thousand eight hundred two thousand and nineteen yeah i think we're we are going to see some of that i noticed that we don't time to get into it now that switzerland has just put some protocols out for those initial claims offerings and i know that you see here in the states is trying to figure out how they go forward it's going to be a process but at least it is doing so and jeffrey just before we go let me ask you

you know now that we see prices again moving up and you're right everybody gets excited do you think there's going to be some of this fear of missing out this with investors saying look if you're going to get back into kryptos better do it now before things before bitcoin gets to twenty k. or something or you know how it is i mean when the president. gets interested when they go down people think well that's x. so this is why there's a tendency on the part of the investor community the amateur investor community actually the whole investor community to to buy and sell so if you want to make money in this space do the opposite you know but knowing what the opposite is. is the trick that really. smart. people with money well they always say buy the dip you have to buy the dip and not become a dip geoffrey barker the director and we're at the american enterprise institute sorry jeff we got it got to run thanks a lot for joining us we'll have you back your time it's my pleasure.

and before we go the winter olympics ended yesterday with hopes that the spirit of sport can help alleviate foreign policy tensions between north and south korea which fielded a joint olympic team tensions have been higher in the past year as north korea expanded its ballistic missile test and garnered a twitter war about the size of each other's nuclear arsenal between president donald trump and north korean leader kim jong un evoke a trump the president's daughter attended the closing ceremony and sat with the leader of a high level north korean delegation for those that watch the olympics and i did lots of it including the opening and then yesterday the closing ceremonies it's hard not to be hopeful we'll see if that translates into foreign policy as the

beach boys sing wouldn't it be nice that's it for this broadcast thanks for watching be sure to catch boom bust on you tube a you tube dot com slash boom bust r.t. see you tomorrow. years ago breaking within two comes again as a sleeping pill does this is what. does. the scientific sweat terrible but not on. you. war. across europe victims are starting legal battles demanding at least some compensation in two ways first will the physical damage itself as well there's a constant reminder that the people who actually perpetrated this crime has never

been the justice and it has been. selling you on the idea that dropping bombs brings police to the chicken hawks forcing you to fight the battle for. the new sox credit tell you that the gossip the tabloids myself and most important. off the bad guys and tell me you are not cool enough to buy their product. these are the hawks that we along with all the walking. feel in the trailer ginia bottle study showing the six oyur. area. an estimated eighty thousand since under-age refugees are now living in

greece. you know still more to go. to get a home in their euro food bring. many sell their bodies just to make ends meet. and all the sins in their. lifetimes. dealing drugs to make a living. human being. the.

bad on snotty terrorists of shelter humanitarian corridor or in series east shortly after it was established preventing civilians from leaving the water own district. is right soldiers arrest ten people in a raid on a palestinian village including a fifteen. old boy he would be severe head injury allegedly inflicted by the i.d.f. two months ago and a computer recycling it in the u.s. faces jail and they have to find two for pirating microsoft software but he insists he was only trying to refurbish old p.c.'s. i think it was helping people

extend the life cycle of their electronics to combat planned obsolescence and to make sure that we keep as much working product out of landfills as possible. can you watching r.t. international now we start with syria where terrorists have shelled a humanitarian corridor or established to allow civilians to leave the war ravaged district of eastern ghouta just outside the capital damascus that's according to russia's defense ministry which helps set up the route before resist tact just minutes later these are pictures from the corridor or checkpoint on the side of government controlled territory but due to the terrorists shelling not a single civilian on tuesday was able to use the opportunity to leave the area r.t. arabic correspondent. is on the ground in damascus and has visited the checkpoint.

at the had no civilians have come out of the corridor yet minutes after it was over in the area was challenged five times and several syrian soldiers. have also been firing at those trying to quote your like you know why civilians are in using this route out. well it is located just outside the syrian capital has been occupied by various rebel and terror groups for years in that area there in red ballance there has also recently escalated both sides accusing each other of targeting civilians what the north is where the. man in humanitarian corridor or we're set up by russia it's located in the district the humanitarian efforts to provide safe passage for those desperate to escape are being coordinated with the syrian red crescent buses and ambulances are on standby to evacuate civilians and people inside the rebel enclave are being notified about the location of the corridor or via leaflets text

alerts and also loudspeakers for the state points have been set up to near the exit to help those in need of medical assistance however despite those efforts it's fede civilians will be prevented by rebels from leaving the war zone is more against the f. expects. civilians dying they're dying from rebel shells from government bombs from bullets shrapnel and crossfire and damascus and in east ghouta the u.n. cease fire is dead on arrival no one stops shooting so the syrians are trying their own way humanitarian corridors backed by russia thousands of these leaflets being dropped over east ghouta by syrian helicopters there are instructions for civilians on how to get out of the war zone maps with

arrows follow them if you dare women of all the jews and children reportedly continued to be forbidden by local armed groups from leaving the area for security reasons they've done it before in aleppo is limited rebels wouldn't let anyone out they shot at civilians trying to feed to government held areas they shelled humanitarian crossings and if you made it out that part is sure relatives same story in ghouta this has been going on for years the evidence indicates that non-state armed groups in eastern guta and in particular josh islam are also responsible for inflating the price of food and other basic necessities they're arbitrarily restricting the movement of civilians wishing to leave and abducting and arbitrarily detaining people. you'd think this is important right pundits and activists screaming about gouda and not once have they asked the pertinent question

how can i see it at the top we welcome the security council's decision regarding a ceasefire because of the burden on our families and he said this suffering must be lifted to the decision to stop the bloodshed caused by the regime an ace and my uncle many along the. you have the when the regime is not abiding by the un resolution i cannot stand still and watch and defend myself and our families in ghouta why are they still there despite their access to the spokes person of the army of islam the jihad this group that holds east ghouta they have not asked him why his group is blocking woman and kids from leaving a war zone it's good press for him to stand there and complain that innocents are dying while meeting that they're dying big because his own rebel fighters won't let

them leave the armed groups inside east ghouta will not allow those people to leave simply because the little they will be the next target after that it will deprive them from a very strong media arm because those civilian deaths among the civilian actually created sympathy all over the middle east and all over the world i think human are you almost as you know a propaganda tools and these bloody war and in syria so it will continue i don't believe it will stop definitely with this according to your human humanitarian corridor or actually could do it use that human casualties among those people. well russia's foreign minister sergei lavrov has compared the situation in eastern guta to eastern aleppo a little over a year ago where part of the city was also walkie pied by rebel and terrorist groups some of which held civilians hostage. the.

bugs in the mass evacuation of civilians took place in order to destroy the terrorists who didn't want to leave and everyone said that it was a very risky operation because civilians could leave and never return you might even be considered cleansing and yesterday governor said that two hundred thousand of those who lived aleppo have come back there's a third of all buildings damaged by war have been restored and this process is continuing so we should remember that in the eastern part of i leave. they did leave anyone to leave the job out of by the. door this same experience we are. we are seeing today they will try to board with for that if one believes you are still part of what are these negotiations which is going. there well but i thought accuse the syrian government that they didn't of their of dollars of their. of their vehicle we're doing this we get people from mr bucket of

water. and other news israeli soldiers have carried out a pre-dawn raid on a palestinian village arresting ten people among them a teenage boy still recovering from an alleged gunshot to the head sustained in the west bank protesting months ago the raid was caught on video by one of his family members. are arab. i. was well ten palestinians were arrested by the i.d.f. in a pre-dawn raid five of them were minors and among those detained was mohammad khatami who was seriously wounded after an israeli soldier fired at him with a rubber bullet back in the same they're now he is currently waiting for surgery to help a small part of his skull. it was removed in emergency surgery following that december

incident and it's not that. i don't believe god i'm limited to along with. the israeli army has confirmed that it a race to tell me overnighted says that the service was approved by an army physician now after being arrested he was interrogated and has been subsequently released during that interrogation it seems as if he was forced to say that he fell off a bike and when his head hit the handlebars there course the injury now his family has refuted this and in fact doctors have proven that the injury to his head was in fact caused by every other bullet he is the younger brother of tamimi who is currently in detention awaiting trial after slapping an israeli soldier who arrived at her home.

now that was found back in december when soldiers arrived at the tommy home to a west mohammed naturally i heard was extremely angry and her brother of regularly at protests and demonstrations with israeli soldiers there very often in confrontations. i was poorly reporting now an investigation into one of the worst cases of child sex abuse in the stalling due to a lack of qualified personnel the abuse scandal centers on the sexual exploitation of fourteen hundred children over the course of three decades in the northern british rubber room it was revealed that eighty percent of the suspected perpetrators were of pakistani origin artie's looks now why the probe launched three years ago is still failing to make progress. according to the senior officer investigating the scandal one hundred more police officers are needed.