but you are with you gold and oil now are are spiking for very different reasons what do you think is the better head right now to this geo political crisis such as iran gold or oil or maybe just simply u.s. treasuries. well well 1st of all both gold and oil were moving up before the recent iranian incident so i think those trends are simply continuing i think there is a higher risk premium now being built into both gold and oil for a good reason and i think that risk premium is going to be there for at least the remainder of the trump presidency if not longer but i think what's really driving particularly gold but oil to a lesser extent is the fed it's monetary policy it's inflation it's to return to q we and the rate cuts and that policy is going to continue so i think both crude and gold are going to continue to rally but as a hedge i would favor gold over black gold now above let's take a look at what we call digital gold bit quiet is now also drawing amid heightened geo political uncertainty right now tensions have escalated over the weekend with

iran's supreme leader ali come anigh promising revenge and president trump warning to iran against the actions now bit quiet quite popular in iran they have been quite popular ever since last year and citizens have actually turned to the point to try to evade u.s. sanctions on the country so how will this escalation affect the coin and how high do you see this pushing. where you know we're still significantly from the highs i mean those were 752-0000 i mean the one saying about the cryptocurrency is it's unrelated to the federal reserve is unrelated to central banks it's not manipulated by them and you can't carry out a ton of gold out of a country if you want to leap versus if you have digital currency you can take it with you i think it probably goes back to 10000 i think probably at some bit makes a brand new high i do believe that the digital currency is the wave of the future i think that's the wave of beating the fed and all the central bank manipulation. and

things that go on throughout the globe so again i think it goes higher i mean i'm sure at some point we'll make a new hire now whether we've been going to one of the others that's the that's the real question remaining is which one's going to be the major player but at the end of the day i believe that that is the way of the future we're going to see digital currency takeover not taken totally dead or gold but it's going to be and conjunction with gold especially again if you want to exit the country you can't do it with a lot of gold in your hand i wanted a good that is what i call decline buys actual gold and 1st of bitcoin is invisible gold at all i mean certainly people that are trying to market bitcoin and getting other people to buy it if they have a lot of bitcoin to sell they want to market it as if it were digital gold but it's not look yes bitcoin did rally on the coattails of the gold rally just like it did not too long ago when the war on growth through 7 i remember gold and bitcoin both rallied but bitcoin quickly surrendered all of its gains gold held on to its gains

and continued to move higher look gold was being bought as a hedge by investors because it is being bought as a speculation the speculation is that other people might buy it as a hedge but nobody is it is not a defensive asset it's not a safe haven bitcoin is probably the most risky asset you could buy and you don't hedge yourself by buying something that has more risk than what you're hedging you have to go to something with lower risk and that's gold now i would say have more of it i would say that it's actually less volatile than many of the theocracy that's currently an existent. bitcoin is less volatile it is a mile a child in the turkish. side of the iran. it's certainly less what it's all about is certainly a city for haven peter listen you have to know it is right and ok gold is good but so is the equity market you know listened to what really goes on quitters are up to 30 times i don't care the thing times so you get one can't hedge you not get

a hedge the stock market by buying big point big going to is likely to go down more than this and i'm going to just talk to me about it but i wanted to find out yes you can gold is a good age i guess you cliche that you can start going to gold you be broke if you try to do that every time i mean gold is just you know yes it like how is that true when i look at like i you know we got a lot of this is going to are just go back in history guarded and i you got i have got a few different timelines i've got another segment on this or studied it but let's let's turn to bubba now let's turn to act the actual conflict at hand let's talk about the actual wide ranging implications rather than the assets so let's let's take a look at where we are now we are more interconnected and globalized than ever before what kind of global repercussions are we looking at aside from just the immediate spiking price of gold or oil. well i don't know if there's any maybe we don't know gosh is going to happen from here i think when you look at the price of gold gold is related and no question was going to rally before this is peter stated earlier

gold was already rolling long before i believe oil probably hit near its high but we're going to go now again i'm long or low at the point but i'm a little bit nervous here i think i assumed it would hit the saudi arabia drawn bombing highs of september which we have now done so i would not be surprised or you'll fall apart from here now carol they'll have their chance problems at us as well. you know the big problem for the u.s. right now is we're more dependent than ever on foreigners to finance our deficit it's our trade deficit said. budget deficits that are going through the roof we need foreigners in the dollar and this threatens that i mean again america is flexing muscles that it really doesn't have threatening sanctions against other nations and i think there could be a repercussion that would really you know hit us where it counts and that's in the wallet because if we get a move out of the dollar you know we're not really seeing a flight into the u.s. treasury market we didn't see a move up of the dollar as

a safe haven it was just gold and i think if the dollar really starts to fall that's going to accelerate the move up in both gold and oil but create a bigger problem for the u.s. economy as consumer prices and interest rates rise into the next recession and if we end up with in some type of war an actual war in the middle east on top of a recession well that's just going to exacerbate all the problems and you know right now the middle east is in the spotlight but let's not forget about china want china and the u.s. appear to be signing on january 15th the economists actually had a different take saying that the plan a. breakup is underway sides are now being picked up so what is this about. well remember trump was never able to deliver a substantive trade deal with china i said this from day one phase one is not a deal it's really a surrender it's a copout it's a way for trump to kind of say face going into the next election by pretending he actually accomplished something when he accomplished nothing i mean the whole trump

presidency is really pretending things have happened when all we've done is continue the bubble that trump inherited from obama it's bigger than ever and i think the boss is going to be much bigger than ever and again that's another reason that people should be loaded up on gold and you know gold stocks have barely moved in fact they're even down a little bit this year despite a $70.00 rise in the price of gold so gold stock investors are very cautious they don't trust this even though gold stocks beat the s. and p. last year quite handily they beat the s. and p. in 2018 i think they're going to beat it again this year and in fact. when trump finishes his term we're going to find the gold stocks were the best performing stocks of the trump presidency very few people expected that nobody even realizes that's going on but this is another reason to really load up on not only edges gold but on the gold stocks which i think will deliver even bigger returns well will argue about gold and digital gold next time peter schiff and euro pacific capital and todd horrors of the trading thank you both very time. here.

while the chinese trade delegation is planning to travel to washington for the signing of the china u.s. phase one deal on january 15th many onlookers are not convinced chinese and hong kong stocks sold shard products in the afternoon on fresh worries about the relationship between china and us this comes as new reports revealed that the trump administration since 2018 has mounted an extensive campaign to block the sale of dutch chip manufacturing technology to china now this is a high level push which previously has not been reported shows the effort and the lengths the white house goes to in order to prevent china from getting a hold of the vans technology from microprocessors that compan began in 2018 after the dutch government gave semi company a license to sell its most advanced machine to chinese consumers now over the next

few months u.s. officials attempted to block the sale outright and held at least 4 rounds of talks with dutch officials with no way to block the sale directly the trumpet ministration then pressured its dutch ally to consider the quote security issues the pressure appeared to work as the dutch government soon after decided to not renew the s.m.l. export license and that machine has not shipped currently only a few companies are capable of manufacturing these sophisticated chips including intel samsung electronics and taiwan semi but china has made catching up to those companies in chip making technology. a key national priority and is a domestic tens of billions of dollars in the near future in this effort this latest development as concern on sino u.s. relations as investors previously were under the impression that the trade tensions would ease going forward that appears to be not the case. time now for a quick break but here because when we return wildfires continue to rage in australia as it's east coast continues to be ravaged our team correspondent john

honey is on hand to break down how the nation's business has been affected by the blazes and later boeing's woes continue as their problems i love in this at the so 2 break down what else has gone wrong idea about aerospace shyamali barrow contributor to america's lawyer and as we get a break here the numbers at the close. here's a thought experiment and a bit of a prediction for 2020 going back to saudi aramco around town as it went public just

recently had a market valuation an excess $1.00 trillion dollars i think at one point was worth 2 trillion dollars i think that we're going to see them make a hostile buy of a company maybe facebook for example and it could be the 1st trillion dollar hostile raid in history because they've got the balance sheet now if you've got a 2 trillion dollars balance sheet that means you've got you know the ability to borrow another trillion so you've got a 3 trillion dollar war chest if you go after an apple or even a berkshire hathaway 5 or 600000000000. just as a hostile and then they own a huge portion of the whole global market the american market. they've got the balance sheet now they want to diversify away from oil and gas and i think we're going to see a move like that the next 6 to 9 months. in the united states presidential candidates debate the future of the u.s.

and the world. dig into the burning questions of this election cycle. every week. student trade was corporate money universal basic. and more catch up with what's front running this sunday exclusively. time after time to repeat the same mantra sustainability it's very important. transition sustainable transport sustainability. a more equitable and sustainable way. they claim their production is completely harmless. companies want us to feel good about buying their products while the damage is being done far away and this is something else just going to. move.

on and. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race. sparing dramatic development only. exist i don't see how that strategy will be successful very. time to sit down and talk.

wildfires continue to rage in australia as rain and cooler temperatures are bring some relief to the devastating flames the blazes have attributed to more than 20 deaths so far with many more people missing and hundreds injured r.t. correspondent john he joins us now live from miami with more on the ongoing situation in australia and the economic toll the fires are having so john what are the australian officials saying today about the damages and how much longer will

these fires continue. yeah well the damages immense as you mentioned there's been rain and cooler temperatures right now that have helped firefighters several 1000 as they continue to battle these brush fires bushfires but the situation overall remains dire it's having a huge economic effect and you know that aside from just the human aspect to this all the millions of people that have been evacuated and those that have at this point lost their lives if you look at a fire map of the country which has been compiled by the government of western australia basically showing in real time where the fires are burning right now as we speak it really gives the size the scope the scale of the overall situation with more than half of us of australia on fire at this point and many of the fires are less than 12 hours old fuel by you know dry extremely dry conditions drought conditions high temperatures and you know the warm weather weather and also strong

winds and while the weather at this point is helping to play a part in calming down some of the broad brush bushfires the rain and cooler temperatures along with all the firefighters that are involved dry and hot conditions are expected throughout australia again going into this week and that's not a good forecast as millions of acres have burned thus far with many of these fires raging in queens when new so. wales and victoria in fact officials in new south wales said this morning that 69 fires remain contained with a total of 136 fires in the state and warned that the fires could continue to burn for months to come possibly into march even april to give you a little more perspective take a look there are a couple shots that we got from space thanks to our friends at the international space station who tweeted various pics and one was taken on january 3rd showing smoke surrounding sydney and sydney harbor in australia another picture taken

january 1st shows thick smoke basically blanketing southeastern australia compared with another picture that was taken of the same area on july 24th 2019 as far as the environmental impact of these fires in new south wales from august through december 31st fires have a mid 216000000 tonnes of carbon dioxide that's nearly half of the country's regular annual greenhouse gas emissions so this will absolutely have an effect on the earth's climate and the planet's overall c o 2 concentrations kristie devastating environmental impact but john is there any idea right now what else the economic toll has been. well you know it's a good question look a lot of numbers are still being compiled such as and this is a big part of this such as the number of the total number of cattle and sheep killed which is expected to be enormous at this point according to various reports

more than half a 1000000000 animals half a 1000000000 animals have died in new south wales alone so add that to the property damage structural damage that people are dealing with and this is certainly going to be an unprecedented event in australia's history with mass evacuations at this point ongoing so far australia's insurance count and sure and council reports that more than 260000000 dollars worth of. claims have been found since november 8th when these fires when it was declared a catastrophe but that's only a portion of what's expected to come australia's prime minister announced $1400000000.00 in funding for the national bushfire recovery agency but again the total could certainly be much higher the fires in 3 states alone in new south wales queensland and victoria have burned over 5 times the amount of area burned during the amazon wildfires of brazil as you may recall last year so couple all that with australia's tourism economy which is also bracing for

a big hit this is the height keep in mind of the summer tourist season. with many of the australians accounting for the bulk of holiday travelers in the country so this will absolutely be a hit on the country's tourism economy the exact toll the economic toll is unclear but clearly you know the greatest concern is not just the loss of money and landed property but certainly at this point the loss of life at least 25 people killed numerous others at this point according to officials remain missing person back to you the situation gets contained spondon john honey thank you so much. and jumping from australia northwest to india there may be new hope for jet airways the now grounded airline that once dominated the nation's air travel sector synergy group and the brazil based conglomerate of bolivia businessmen main effort

a mish has renewed its bid for a stake in the struggling airline now this isn't the 1st time that synergy has made a move to scoop the firm given that they were the only contender for a bid in 2019 once again live in india's airline sector jet airways has been grounded since april 29000 due to a major lack of funds according to live meant there may be other prospective bidders including hindu group and a deadline of january 15th has been set by the jet. lenders as the deadline to file their expressions of interest the company's stock which has been battered since its grounding 8 months ago saw a bit of a reprieve on the news getting a slight bump of just less than 5 percent. new safety risks are be expose a boeing as its edges closer to getting the $737.00 max out of grounding but regulators now have critiqued the jet and now have uncovered new potential design flaws and whether 2 bundles of critical wiring are too close together and could cause a short circuit according to a new piece from the new york times boeing claims that it does not want to change

make changes to the plane's wiring if it doesn't have to siting fears that additional damages could be done during repairs boeing is now considering plans to raise additional debt to bolster finances strained by the grounding of its devon $37.00 max the company now has about $20000000000.00 of available funds at the end of the 3rd quarter and now has to think about deferring some capital expenditures recent acquisitions and cutting spending on research and development to preserve cash. seems to be nonstop problems for boeing but at the same time the heavily beaten up stock now looks to be undervalued legal journalist molly dow contributor with america's lawyer joins us now with more so molly what are the new problems with the 737 max. they just keep piling on for boeing to if they will this time it's wiring concerns milla cording to the new york times these previously unreported problems were found during an f.a.a. safety audit just last month and 2 sections of wiring in the tail as you mentioned of the $737.00 max are just too close together and there are concerns that the

wiring could short circuit and cause a crash especially if the pilots don't react quickly enough and so we saw that was an issue when you had the 2 fatal crashes caused by the software when it came to the anti stall system and it was also pilot reaction that was an issue there is well not just with the software so boeing is now trying to determine if these wires could actually cause such a sure but aviation engineers with boeing have said this is not an. common problem it happens to other planes other airplane companies as well and that if they do address it it's a relatively simple fix it shouldn't take too terribly long however any sort of delay is bad for boeing at this point is that $737.00 has been grounded since march after those 2 deadly crashes again believed to be caused by that plane's new anti stall software system and the pilots understanding of it so boeing has developed a fix for that as well regulators though they haven't approved it yet or the planes return to service so that's what boeing is waiting for of course when they can get back into the air so on top of that the f.a.a. may also now require max pilots to undergo simulator training on this new plane

initially they weren't going to require that they thought it was going to take up too much time expense before the plane got back in the air but as boeing modifies this plane it continues to address some of those problems regulators are now saying hey between this and the wiring especially since pilot reaction is an issue maybe they do need to have some simulator training as well so a decision is expected to be made on that possibly next month so will we see a delay to the planes returned to service given that it is in a little bit of a cash crunch. right there not exactly telling us when it will be going back into the air certainly boeing doesn't know it's going to be between the f.a.a. regulators what they think and other experts are also working with boeing so it could be back in the air is spring but they don't really know the grounding is lasted longer than they expected of course that has taken a toll on them financially especially since they halted production this month and that could last until february as well molly barrows a contributor to america's lawyer thank you so much for being here. thanks.

samsung subsidiary star labs has been relentlessly teasing project neon a quote artificial human that will be unveiled at c s 2020 this week now we've all heard about artificial intelligence being tossed around before but what exactly is an artificial human while no official details have been released most signs point to the release of some sort of digital avatar technology augmented reality will most likely play a big part in the system as a us p.t.o. trademark categories covers a wide breadth of quote computer modeling services and computer generated characters now for reference of what something like this could look like remember joy in blade runner 2049 she was a hologram artificial human thrown from a projector this seems to be highly likely as samsung is getting ready for the on coming wave of augmented reality future releases for samsung a our glasses and no 10 will soon mark this week where our t.v. producer branch of war is on the ground and will be taking us through all the

newest innovations of 2020. that's it by this time you can catch boom bust on directv channel 321 dish network how to 80 or streaming 247 on plate a t.v. the free t.v. . has always had us up but you did so must. say next time. but if she warned you posted by you can i do the dishes at the bottom or those jeans nudist beach and see me we can show you the truth.

about that. in the news i mean guys without infringing balls. a lot of you will see sawing as if parts about 2 kids each other both sides. but as in the adults to me as if. these. days of doing it. they do you think people who simply. would include in it will. reduce to 6 physics is nothing but the harmony you can create on vibrating strings that is chemistry chemistry is the melody the melodies you can play on strings what

is the universe the universe these assume the need of strings. good food descriptions sound up to tell using even for the owners so how to choose this pet food industry is telling us what to feed our pets really more based on what they want to sell us then was necessarily good for the patent turns out and put food may not be as healthy as people believe we have animals that have you know diabetes in arthritis they have auto immune disorders they've got allergies we are actually creating these problems and it's a huge epidemic of problems all of them i believe can be linked to very simple problem of diet and some dog owners so heartbreaking stories about their pets last treats the larger corporations are not very interested in proving or disproving the value of their food because they're already making

a $1000000000.00 on it and there's no reason to do that research. shows seemed wrong when all just all. the all the yet to shake out disdain because the etiquette and engagement equals the trail. when so many find themselves worlds apart. just to look for common ground. you know world's big partners. a lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bad and shouting past each other it's time for critical thinking it's time to fight for the

middle for the truth the time is now we're watching closely watching the hawks. and we're going to fulfill the repeated promises apologise to the people and come on you know we've all pots. pretty rough. pretty good. now you want to. know.

all. around classifies the u.s. armed forces is a terror organization in response to the pentagon's killing of terrans top commander that is huge crowds of mourners gathered for the funeral of carson and soon the money. u.s. house speaker nancy pelosi announces a resolution to curb donald trump's ability to attack iran however a similar restriction was stripped from a. bill passed by congress just last month and the russian president vladimir putin holds talks with his syrian counterpart bashar al assad in damascus amid rising tensions in the middle aged. and also to come as we enter the new year the kind of political correctness continues notably over the new gangster film the gentleman who put the.