before the poem so you mean it was 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 and 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 and 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 and 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 don't call your answer will we know we were reporting i was going to say is we remember you're 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 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 of 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 of. what politicians do sometimes you can. put themselves on the line to get accepted or rejected. so when you want to be president and she. wanted. to go on to be with us this is what before three of the more people. interested always in the was in the. first.

hey everybody i'm stephen. hollywood. proud american first of all i'm just george bush and honored to say this is my buddy max famous financial guru just a little bit different. with all the drama happening in our country and brood have some fun every day americans. and the story to bridge the gap this is the great american.

on friday we reported the first financial stakeholders to cut ties with the national rifle association the first national bank of almost and enterprise holdings parent company to the enterprise alamo and national car rental brands now car rental competitors hertz avis and budget also have ended their discount programs for n.r.a. members and air travel delta and united but 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 with a crushing blow to the public sector labor unions and the labor movement as a whole they can. 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 crypto 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 crypto space in the president everyone's happy with their fall and everybody's sad you know we discover 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'm so sixty one 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 was 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 runs 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 is just a much better technology and we're seeing that happen gradually in some places very

fast in 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 you've 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 seventeen 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 to explain what that problem is for us. well in two thousand and ten one of the. architects of become 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 you could say an evangelist in two thousand and thirteen and my friends and i used to sit around and you know restaurants and to me break and 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 the

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 resolved all the scaling problems but in the meantime all these other competitors came along and now 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 decline success and actually limitations like i should say is what it illustrates is that we're dealing with the technology of epic proportions and was so many different applications there's payment applications there's utility

applications and very crucially there's security applications like to replace traditional ways of raising money for. and prizes and that's why i think the real big ninety innovations are going to come and two thousand and late two thousand and eighteen two thousand and nineteen yeah i think we're 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 this b.s. 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 you're going to get back into kryptos better do it now before things before bitcoin gets to twenty k. or something. 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 and that's why really edgy 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 editorial director who had to bear the enterprise's 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 il 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 at you tube dot com slash boom bust marty see you tomorrow.

fifty years ago pregnant women to come together as a sleeping pill and does this with the named as a doctor does what it said just on the side effects what terrible but not on the road as shown induction untroubled love to hear not the warm welcome of across europe victims astonishing legal battles demanding at least some compensation something to wait till the physical damage itself as well the constant mind that the people who actually perpetrated this crime has never been able to justice and it has been a couple. of fight 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 funnel school it's about the

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a saudi in china sixteen. an estimated eighteen thousand since under a truck she jeans are now living in greece. you know still more to go. to get a home in there you go food shopping. and many sell their bodies just to make ends meet. only the second or the one the second on get to know all the sins and when that is helping them says and don't let things get. all sinners turned to dealing drugs to make a living. the single is in love blood runs a little. game of that then.

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terrorists of shoulder humanitarian corridor in syria's eastern shortly after it was established preventing civilians from leaving the district. really soldiers arrest ten people in a raid on a palestinian village including a fifteen year old boy with a severe head injury allegedly inflicted by the i.d.f. three months ago. and a computer recycling expert in the u.s. faces jail and a hefty fine for the pirating microsoft. but he insists he was only trying to refer to the six. 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.

thanks for joining us. this is our t. international where we start this hour with syria where terrorists shelled a humanitarian corridor that was established to in principle allow civilians to leave the war ravaged district of eastern ghouta just outside the capital damascus that's according to russia's defend. ministry which helped to set up the route before it was attacked just minutes later and here are pictures from the corridor or checkpoint on the side of government controlled territory but due to terrorist shelling not a single civilian on tuesday was able to use the opportunity to leave the area r.t. arabic correspondent wafa shah bruni's on the ground for is in damascus she visited that checkpoint. at the head to the left and the civilians have come out in the

corridor yet minutes after it was held in the area was challenged by the times that several syrian soldiers were injured snipers have acid been firing at those trying to quieter like you know why civilians are in use in this route out. used to do so is located just outside of the syrian capital it's been occupied by various rebel and terror groups for years now we've marked it in this area here in red violence that recently escalated both sides accusing each other of targeting civilians to the north but where the humanitarian corridor or was set up by russia is located in the our district now the humanitarian efforts to provide safe passage for those desperate to get out of being coordinated with the syrian red crescent buses ambulances are on standby to up evacuate civilians people inside the rebel enclave are being notified about the location of the corridor via leaflets text alerts and loudspeakers first aid points have been set up near to the exit to help those in

really urgent need of medical assistance but despite all those efforts it's feared that civilians will still be prevented from leaving the war zone by rebels artie's margo's the it has more. civilians dying they're dying from rebel shells from government bombs from bullets shrapnel and crossfire in 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 going to need 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 punish your relatives same story in ghouta this is being 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 the ducting and arbitrarily detaining people. you'd think this is important right all those pundits and activists screaming about gouda and not once have they asked the pertinent question how can i think out of the park 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 in east and by of all many alarm. when the regime is not abiding by the un resolution i cannot stand still and watch and defend myself and our families 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 will not allow those people to leave i think human are you as you know

a program that all these bloody war and in syria so it will continue i don't believe it will stop but definitely this according to human humility included or actually could do it use that human casualties among those people the british foreign office invited the russian ambassador to discuss the humanitarian situation anything go to we had an exclusive opportunity to speak to him shortly after that meeting. of course you know we will be disappointed with the statements of the secretary johnson when he spoke yesterday at the parliament and he blamed russia for humanitarian situation and we said this is directly straight straight forward so we discussed with the british you know what the british could do in a practical terms to support this is a russian you know whom they can talk and what kind of signals they could send to the. you whether it's a neutral position or whatever to be on to people in order to save lives and i'll

tell you that so that was a very pragmatic conversation and i think that the minister duncan. he received my message and he promised to send the right signals to the people with whom they're connecting on the ground in order to to have this ceasefire and to feel the result from my point of view it was a very useful conversation we need the british on board but. of course as i said we don't accept the. the statements like the russians are guilty for the humanitarian situation we're in the same both were trying to do our best in order to release syria from the terrorists. israeli soldiers that carried out a pre-dawn raid on a palestinian village arresting ten people among them a teenage boy he was still recovering from an alleged gunshot to the head sustained

in the west bank protest two months ago the raid itself was caught on video by one of his family members. well ten palestinians were arrested by the i.d.f. in a pre-dawn raid five of them were mine is and among those detained was mohammad khatami meat who was seriously wounded after an israeli soldier fired at him with a rubber bullet back in december and now he is currently waiting for surgery to help a small part of his skull off it was removed in emergency surgery following that december incident and it's something. god knew would too long with what i'm going to.

the israeli army has confirmed that it a race to tell me overnighted says that the service was approved by an army physician and 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 that 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 tommy who is currently in detention awaiting trial off to slapping any 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 as it was extremely angry and her brother are regularly at protests and demonstrations with israeli soldiers there very often in

confrontations. leave us to go shoot into one of the worst cases of child sex abuse in the united kingdom is stalling it's 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 town of rather a it was revealed that eighty percent of the suspected perpetrators were of pakistani origin auntie's political looks at why the probe launched three years ago is still failing to make progress according to this senior officer investigating the scandal one hundred more police officers are needed to uncover the truth so far police have managed to interview seventeen percent of a possible one and a half thousand victims due to a shortage in specially trained detectives it's a really spin.