tv News RT March 23, 2018 2:00am-2:31am EDT
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covers of regulations and that's not often a good and the g twenty does seem like an appropriate venue the ministers are meeting this weekend and going to saris the finance ministers of all the g twenty countries but let's talk just a little bit more broadly about regulation we've talked about this book before there are people and we've met some of them who just hate all regulations and none of it's good but is that has that ship already sailed are a retarded for regulation in one form or another eventually i do think that regulation is the future of what we're we're starting to see not only in this country but in other countries as well and regulation actually does provide security for a lot of the big institutional investors and if you can get the more of a the institutional investors to participate in this market that it will actually grow so the many people think regulation is a stop to invention in fact it can foster it in the right way in
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collaboration with the regulators and you know but some appropriately is safe going to get institutional money and people shouldn't be scared of institutional money because one of the problems we see in the crypto space is this enormous volatility in trading and that volatility will be less and that prices will be leveled out if there's more liquidity there's more players in the game right correct correct i mean i think you see it we saw it in traditional commodity markets and in the stock markets when you have more players when you have more money there than it is it doesn't completely but most of the time it eases the big the big highs and the big lows so that you have less volatility because volatility is only one part of making money and that's for the volatility traders do you think there is i guess the big question whether or not the ship had sailed on regulation. but there's been some efforts of late s r o efforts self-regulatory. it is asians that
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tyler campbell came and we call was that we call by have their idea to start a virtual currency association i don't particularly like the name but i commend them for the effort others are talking about doing something self regulatory and that essentially means no government. but i'm wondering what you think about that whether or not that will be enough could that stave off some more onerous regulation is there some way that an s.r.o. entity wherever it is that that's the we call voice s.r.o. or somebody else's that can point important role in the cryptocurrency space going forward i do believe an s.r.o. would be helpful do we know now what that looks like and do we know if it will cover all of the jurisdictions no because it's still in the very very formative stage is probably just some sentences not necessarily an organization but you yourself know that the commit that in the commodities exchange that exchanges are allowed to
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a self certify products so if you were regulated by the c f t c of which coin actually i think that they said that they are going to be like that it's a commodity then you could self certify as an exchange and put other. coins or types of instruments on it because you are ultimately regulated by the c f t c so if one looks through that different regulatory regime there's probably a way to have a lot of self-regulation even within the context of overall umbrella of government regulation i want to shift gears a little bit so as i mentioned at the top of our segment here you're but such a leader for women's causes and particularly w.-e. let's talk about women in the kryptos space and there's not enough of them what can we do so i think that women in the crypt l.-space in some senses where as women in in other business worlds are sol a lot of trading. and having that on trading
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floors and trading desks we know that the percentage of women is low there i do think there are more women than one necessarily sees in crypto because they're working on a number of different projects relating to strategy or advisory work and they aren't necessarily take the front and center in every single debate or in every single conference should there be more women at conferences yes and is there a general movement towards that the women themselves as well as supported by the men i think i see that it just is a very new industry it's going to take time is there a way i know you're speaking of things that are great strategic fifty is there a way that women can network better and do something that actually helps them to get into this space and others more that we are losing this whole generation of women who are sort of getting to the age where they're going off and doing something else is networking part of it well i think that working is part of an
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interview go on and in your new york city there is something almost every single night that you can sign up for and women and block chain that a friend of mine at consensus help sponsor i mean they have something at least weekly and not only as well attended not only by women but men as well and i think it's important in any arena that the men in the women are there together working in an industry not just isolating one group or the other it's it's bill it builds and builds that work done with dell the former chair of the commodity exchange and managing director at the world economic forum thank you so much for being with welcome players cherish it is time now for a brief break but hang here because when we get back we talk more about france and what we are seeing done fall to paris as we go to break bitcoin was trading at eight thousand six hundred dollars and ten dollars and with as we went to air we'll be back in just a moment. desperate
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for a single purpose. of a super. training very young. eight months of intensive school. reps. and they save lives. fifteen years ago this month the united states in its so-called coalition of the willing to illegally invaded in occupied iraq and iraq continues to grapple with that fateful decision many call the invasion of iraq a blunder should we call it would it really is
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a crime. the most expensive fish in the world each one selling for tens of thousands of euros it continues to grow its entire life if it was thirty years old you might have a two ton fish out there and yet they don't get that big today because we're way too good to catch. it's only women themselves a much larger mission was once there and that was much more widely distributed we have politicians that are in office for a few years they have to get reelected everything is very very short term our system is not suited and is not feared for the long term survival and that's why we have the catastrophes. u.s. congressional leaders have reached an agreement on a one point three trillion dollars spending bill to keep the government running
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after friday at midnight the bill passed the house of representatives this afternoon it is expected become law after passing the senate on friday on twitter president trump touted over seven hundred billion for the pentagon's budget a new record and one point six billion dollars to connect and maintain sections of the border wall separating the u.s. and mexico that amount however is just a fraction of what would be called for under president trump's pledge to build that border wall the bill does not address the crisis facing those dhaka dreamers the eight hundred thousand immigrants brought to the u.s. and who was were children when they were brought to the u.s. and were granted legal status under the doc a program which the president president trump has and democrats previously vowed to hold up spending bills until the issue was resolved but unfolded but they folded themselves actually after a two day government shutdown finally updating a story we covered here on boom bust the spending bill does something to prevent
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bosses from taking control of workers' tips they call it the chip sharing rule by the department of labor senator patty murray of washington hailed the win for workers and thanked labor secretary alex acosta for responding to critics. the president of peru pablo crucifixion has offered his resignation ahead of a congressional impeachment vote expected later today after months of corruption allegations related to brazilian construction firm over brecht the president's hand was forced by the release of a video which appears to show his political allies discussing offers of public works spending and kickbacks and exchange for votes and political support the peruvian congress may either vote to accept the resignation or impeach the president. and former french president nicholas sarkozy was detained over the weekend in question for two days it is now facing preliminary charges related to
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illegal campaign contributions from former libyan dictator moammar gadhafi it's been reported that the money was alleged to have been delivered in three suitcases containing two hundred and five hundred euro notes in two thousand and six and two thousand and seven for his part the former president mr sarkozy has denied the charges said the circumstances are making his life health and that he is quote accused without any physical evidence. former national security official edward snowden you recall him who back in two thousand and thirteen blew the whistle on a monumental u.s. government surveillance agenda surveillance agenda that is is back in the news again and he says that bitcoin has a fundamental flaw and does not believe bitcoin will be around forever saying that bitcoin has a large and structural flaw what he calls a long lasting flaw it's a in the public ledger and we've seen major problem in that ledger as reported
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first by the u.k.'s guardian newspaper the guardian that bitcoin to block chain has been infiltrated and embedded with some child abuse content just horrible and here to continue our conversation is geoffrey tucker the editorial director for the american institute for economic research geoffrey thank you again for being with us we appreciate your patience we know it's a horrible thing the point ledger but i want your take on it what do you think about snowden saying that the ledgers you know messed up is not going to be around for a while and this report in the guardian. let's talk about snowden first he makes an interesting point and he has it in his address in the privacy concerns over the bar chain and obviously edward snowden's really focused on that issue of privacy the point of the public ledger has some advantages for creating an audit trail and by that i mean you know so that we can establish ownership rights and keep track and
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tell the truth and prevent fraud and all that's good on the other hand from a privacy point of view people used to say because it was anonymous it's never been anonymous it's always been sued on i'm so your public address is right there and it's true that it can be tracked and i and that's good for some things are bad for some things snowden is really concerned about the privacy angle and this is why he's a little bearish on bitcoin i'm bullish on things like money arrow and cortana and bash and some of these other coins that are a little more privacy oriented. yeah. i heard him talking about yeah he did mention that you know it mentions the cash that these are all similar technologies i mean yes so it all depends on what you're trying to do and i and i understand stone's got a real focus on the privacy point he wants a really anonymous coin and i guess my view is let that let the market decide the public ledgers can be very valuable because for some purposes but but not for the
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purposes of this he's he's concerned about i mean we all know why he's so fixated on encrypted and privacy and but the point is that the market is speaking and those those coins in cash you know dash and there are many other really dozens that really address his concern he may or may not be right about because i tend to think that big is going to persist as a kind of final settlement layer in the cryptocurrency space for for a very long time actually i think it's the closest thing we have to gold in the crypto space and well certainly it's not as stable is not as stable as gold jeffrey but it has the most liquidity i guess of anything so it's got that. and there's a very interesting things happen in the big kind space right now you know that's for it happens because i'm becoming cash in now because cash has been adopted you
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know by retailers all over the world in the same way that because it has been adopted two years ago now it's becoming cash is. being preferred for consumer purchases however we're seen new off chain solutions like lighting networks being developed specifically for because and that allows fast cheap communication. trade to take place on with with decline that make it much more scalable so even that's being fixed now the that's the thing about you find in these spaces people draw attention to certain technological failings but as soon as they you know they go public. find that there's you know half a dozen that doesn't developers out there are already trying to fix a problem so that's what's that's what's fun about this about this market it's always evolving always emerging always improving and that in itself to consumer preferences well jeffrey you always make it fun for us and we didn't even get to everything we needed to get to today but we've run out of time jeffrey tucker the editorial director of american institute for economic research we sure appreciate
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your time ok my pleasure. and president donald trump has ordered five hundred billion dollars worth of tariffs against china as we reported now many are wondering how will china react then who will ultimately end up paying the price for this bold move artie's alex mahela which joins us from toronto alex what do you think of what's the reaction so far i know it just happened a little bit ago but what are you hearing. first of all well there but i think he said five hundred billion is fifty billion so. yes thank you. that was a threat i'm kidding no five fifty billion billion you're right thank you but either way you look at it like it's dawdled trump we know on friday these tariffs on steel and aluminum are supposed to be popping out i remember everybody was afraid everybody trump says jump everybody says how high and now we're hearing these these tariffs are being slammed on china well it's not quite that well first of all to all those tariffs that are happening tomorrow not happening the way that
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we're hearing it actually is quite a different story right now. we're looking at a situation where these tariffs actually are playing out a completely different role so e.u. is supposed to be exempt tomorrow after the e.u. gets exempt we might be looking at south korea as well and brazil so as you can see those steel tariffs already are coming to play in a very very different way now what they come to china we're looking at almost sixty billion and some are say in tariffs but wait one second we've got to wait fifteen days first of all to see what these tariffs are going to be about the u.s. trade representative robert light hisor he's the one who's going to be looking into this and figuring out what is wrong here and all these dealings with with china itself got so what we're hearing from sources is that while the tariffs are going to hit information technology telecommunications and consumer goods those are going to be the big three anyway china's ready to go back and forth with this we know that so once this heads who knows who's actually going to come out in harm's way
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and the fifty billion in terror of the even sixty billion is not necessarily relevant you think china is going to hit back fairly rapidly. do i think probably not in the way that we think it's going to because i don't think this is going to happen the way everybody saying i think china's biggest problem right now is the taiwan travel act which was signed last week to high level u.s. representatives already gone to taiwan that's the first time since nixon the one china policy has been compromised by trump and that's his political move but trying to smart enough to know that all this is b.s. until anything really happens travesty mahela they should anything that halak thank you so much and thank you for the help fifty billion dollars a tariff have been placed on china thank you for thank you very much and that's it for this time thanks for watching be sure to catch boom bust on you tube you tube dot com slash boom bust r t we'll see you again next time we go.
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was. was. i i. clashes erupt on the streets of paris during the nationwide strike over president that brought us economic reform. e.u. leaders gather in brussels and condemn russia for its alleged role in poisoning a former double agent in the u.k. . and as the son of former libyan leader moammar gadhafi runs for president we speak exclusively to saif al islam gadhafi lawyer. the situation you have in libya now is the result of the destruction of the state institutions not only toppling the regime of libya will return back to its roadmap become a democratic state. broadcasting
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live direct from our studios in moscow this is our team actually on sean thomas cook who have been with us and public services have ground to a halt across france during a nationwide strike over labor reforms have to thirty percent of long haul flights have been affected and many schools were closed on thursday in my side and only on thousands of people took to the streets and in paris the unrest escalated into clashes with police. but. the. good news only brought up one of you know we are not here to be violent we're here
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to protest democratically against the liberal politics of macro wanted by that kind of a clue that we disagree with the governments we can't accept this reforms that's why we are always here with us which is the most like a for is the promises he made i think it's absolutely not been fulfilled. during the rallies in paris protesters threw rocks at officers who responded with water cannons the thinking was that one of the flashpoints. thousands of people have been marching in paris only stay over the national strikes they couldn't sing here now at the bastille where they're trying to make a voice discouraged to the government of president marcos saying they're unhappy with many of the ideas of his e ministration including that she got a hundred and twenty thousand jobs in the five years if he's the president say people say they're unhappy with the working conditions and they want to make sure they're poor he says loud and clear that have
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a penis some violent confrontations during this day a strike in paris now where police caution to the protest is some suggesting that the police had used extreme violence and some of the protesters had been injured this is a nationwide taste right shoes in many parts of the country getting both from the civil servants to the right away start to students who are here to voice their concerns with this current administration this is actually also the first over thirty seven days of strikes by the red. he weighs these strikes going to take place over the next few months until the end of june the way we're saying this is the only way they can get. speak directly with the government about changes that are proposed and if we're there for the mass cancellations they sedate fines and of course many schools have been closed as have been affected. because of this
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strike. not see paris meanwhile in the western french city of not a riot police used tear gas to break up a crowd of demonstrators back with smoke bombs and flares. defense ministry has been caught up in the scandal surrounding cambridge analytic the firm allegedly harvested the personal data of millions of facebook users and exploited it for political goals now emerged that came a gentle because parent company as c.l. group used to be on the payroll of the u.k. defense ministry and provided the government with so-called psycho social research at a cost of around two hundred thousand pounds and it was even granted access to classified files chris nineham from the stop the war coalition says the revelations are alarming. i don't really believe the ministry of defense should be involved in
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a company one arm of which at least is in gage in a series of campaigns around the world of propaganda manipulation apparently and political interference secondly i don't really see why the ministry of defense is in any case spending huge amounts of money on. the kind of propaganda work and finally the question of secrecy i mean apparently this company was given access to top secret information and this seems to me to be an extremely. worrying revelation facebook founder mark zuckerberg has for the first time commented on the massive data breach and a lengthy apology admitted that the company's privacy policies have failed he added that the company will learn from this experience to make the community safer for everybody going forward even though the scandal concerns an
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american tech giant and a u.k. data mining company there have still been attempts in the media to tie the story to russia r t what are guns do you have as commentary. imagine being a liberal a democrat and being stuck in a trump presidency for a year is it must be horrible waking up every day guessing that what russia is songe bought because have cooked up today cambridge analytic i had powerful connections to candidate trump including one time top adviser steve bannon and billionaire donor robert mercer so presidential son in law jared cushion or and consultant brad parr scale brought in the company which is now accused of utilizing data from fifty million facebook users without permission facebook was how donald trump was going to win wait a sec something's wrong where's the bad guy who do we blame this on but there it
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is questions are also swirling about a possible link to russian meddling cambridge c.e.o. reached out to julian assange of wiki leaks seeking access to e-mails from hillary clinton's private server there's no evidence rikki leaks had such information but wiki leaks was releasing e-mails from the computers of other democrats which authorities say were hacked by russians and another trump advisor roger stone great innings i actually communicated with this is what how do you even make the connection what's your logic if someone speaks to a songe their russian agent there is zero connection here other than the word russia being in every other sentence there is only one explanation cnn's report must have been put together by a random generator literally this explanation makes more sense than cnn's
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report at savage the dia and see oil trump the russians cambridge had because we've got the key words just fill this. basis with whatever he also directly message to russian hacker he says he did nothing wrong and despite another claim that cambridge had ties to a russian oil company the campaign insists there were never any links to russia are you comfortable that the trunk campaign through their cameras and had a connection to wiki leaks. they did have a connection wiki leaks let me demonstrate if you are of average height and your birthday is in july you are closely tied to a sound see how easy it is let's do this again if you like snow and the russians like snow you i lined with russia or if you want
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lots of money and oligarchs have lots of money you are susceptible to russian influence it's all nonsense but who cares it's about getting the keywords out there about confusing and confounding not explaining or investigating keywords people keywords the russians everywhere. the second son of the late libyan leader moammar gadhafi will run for president if elections are held this year so i could ask his spokesperson confirmed the plans after months of speculation and cites father was driven from power and killed in two thousand and eleven despite all the no official position saif was described as the defacto prime minister during his father's rule saif was later held captive for six years before being released last year i made political unrest we heard
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exclusively from his lawyer about the presidential bid. saif al islam has lots of supporters they are ordinary people there are even those who are against moammar gadhafi back in two thousand and eleven and now they support the views of his son the situation we have in libya now is the result of the destruction of all the state institutions not only the toppling of the regime forty countries stood against libya back then our country was bombarded and shelled all the military and civilian infrastructure was destroyed many civilians were killed and now saif al islam has put forward a comprehensive overview of the situation in libya that's a reform project which will bring calm back to libya there are many young patriots in libya now they are so enthusiastic they're not concerned about political affiliations the main thing they care about is a patriotic spirit and they see it in the reforms by saif al islam they view them as an.
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