papa will be deemed pay guessed panky and take a throw back some day. oh, that's a news concert this half hour here live on our tea international on this tuesday. thanks so much for joining us. anything you need to catch up on. i get a full review on checkout r t dot com, or even ortiz youtube channel. we're back soon with more of you tuesday. ah mm. with bring you the very latest every out the day. this is, are now snow from everyone here with

there may or may, we should all be may or may, we should all be angry because of what's going on. right. can't understand united states history and the role that slavery play is already very formal institution. by the time united states became a nation, it actually find the nation, the rise of capitalism clearly on the backs of late in the late afternoon. if you had investigated lynchings to any great extent, you believe that the country and the country still stands in brick. i'm from the south. everybody know, know what they're senior. to some extent, i would argue that we're still fighting the civil war. and the south is winning for all those driven by drink shaped bankers and those with

ah who dares sinks? we dare to ask a tooth benefit room. but the one visit show you can't coordinate bridge a board. and i'm rachel blevins in washington, coming up to the client, started to bounce back after hitting a 6 month low. as the latest fell off his crypto market across the board, we'll take a look at what's behind the latest losses and if they are expected to continue. and

if not just crypto us market, they're also struggling with the us and p logging is worse. weakens the pandemic began, and the nasdaq falling deeper into correction territory. we'll discuss it on that. then the united kingdom, economic rebound is in jeopardy as it seeing if growth love it to with lowest level in nearly a year. it's got a lot to get to get started and we leave the program with the latest from the world of crypto following a very rough few days for markets. it's the kind of news that has left crypto holders with massive anxiety since the week at the crypto currency market had a route, had lost around a $130000000000.00 of its value over 24 hours as the multi day sell off of major digital coins accelerated now bitcoin and a theory in are sitting about 40 percent and 50 percent from their respective all time highs. and on monday,

bitcoin dropped below 33000 briefly its lowest point since july, according to coin metrics. but if there is any good news here on monday, bitcoin also finally seemed to stabilize around $36000.00. so what is happening and how much farther might bitcoin another? all coins fall? well, joining us now discuss our analysts and boom bus co host, christy i and ben swan, christy, let's start with you here. now we know it was a pretty rough 24 hours. so can you explain to us what happened? yeah, so crypto has been under pressure since the fed reserve looked to raise interest rates and the sell off in big tech stocks is prompting traders to go risk off, which included a lot of crypto names. and given the massive year that we've had in crypto with the quinn, adoption going mainstream to wall street, that is now playing out like a double edge sword. well, having wall street hedge funds getting into bit coin and others for great for the rally. they're not long term hardliners, and so they'll fell as hedge funds all over began to quickly reduce leverage and

cover future margin calls. so a lot of volatility in big coins is nothing new for long term traders. we've had 4050, even 60 percent. draw that before and while they are painful is just a certainty with the quite as it is the only free market asset. there are no circuit breakers and cook demarcus. no market freezes because it crash too much in a day. snow feds who began to save the day, but big coin is a direct reflection of the true supply and demand, which is what makes it so great. and that was just the case on friday. we saw market maker dow had they had a $600000000.00 liquidation on friday, but it was saved at the last minute by another whale who was willing to swoop in and buy a big chunk at a discount. so a $600000000.00 liquidation would have been a huge impact on the market if it did go through. but fortunately, the 7 siblings came in and bought a chunk of 338. so there was a lot of delivered in going on funds moving over to cash and all, but basically in much need of the balancing and equipped markets. because while no

one wanted to rally to and a client get had a gap to fail left over from july of 2020 line, which again, like allow the technicalities to basically resolve itself. absolutely. let's keep in mind there. when we talk about this, people do get spooked when they hear about his giant draw downs. now, ban bitcoin, obviously the world's most valuable crypto currency. it's plummeted. 20 percent since the beginning of the year. in november, it was trading at a record high of $68990.00, but its peers have actually fared much worse. is that correct? yeah, they actually have a mean a theorem drop. what 12 percent over the weekend. so that's a pretty tough 24 hours you were talking about the 24 hour period. but, but then reality is this, look, we're watching this take place. if you went back to last november, remember it was all the sunshine and lollipops was all going to be great and it was to the moon. and the problem is, of course that there's been correction in the market as christy rightly said. but

that doesn't mean that if you're in big coin a, you're any theory him or you're in solano or careno, or whatever all coin you're in, that you need to panic. and i don't think the panic, by the way, is actually coming from people who believe in these technologies or who are really invested in them from the early point. i think what we're going to see are more and more people who are new comers to this phase. they know, know what's happening, it's all a scam and falling apart on me. and what we're also going to hear is how regulators need to step in and fix as christy's. absolutely. right. when she says that this is the free market is the only true free market that's left is in this space. and so right now, because it is a free market, you have players who get in and then they get spoked or they don't like this news. and they decide they're going to get out whatever the reason might be, and the market has volatility to it. that can be a bad thing. yes. when it starts to drop it, it's a very good thing when it rises very quickly and they the reason for the volatility or the, the cause of the volatility has made a whole lot of people off. we wealthy, just like it makes some people off the poor isn't hit to the wrong time,

so you gotta hold on. and you can't freak out just because you're watching the market kind of go up and down. it will probably continue to drop a little bit. and christy to best point there, you mentioned on the show actually last week that much of the sell off. it's coming from new purchasers, not the so called hollers. why is that point so important? well, it's important because a lot of this law is caused by the short term trade or the speculators. the new traders, the hedge funds of fomo trade or those who are only in it for the flip, rather than what been said, people who are holding it as an investment because they believe in the technology. because sure, given the last 24 hours a good chunk you can say, came from some long term crypto trade is operate on leverage to. but this self was actually not fast enough to be a d leveraging domino effect that we've seen before. otherwise, we will see a cascade of orders walls of or is that big point fell and kept hitting new stop losses and triggering more margin calls. but that was not the case. we saw the funding rates are normal, not too high. so this wasn't like traitor or blown out of the markets. so this was

a methodical unwinding of positions from funds, institutional clearing balance sheet for the new year. people who are freaking out all of the news. so it's unfortunate that this is a side effect of having a lot of flippers whole big, quite meanwhile, the proportion of big point supply that has remain stationary for a year or more hit level not seen during the previous capitulation events. so that proportion is now about 60 percent, which is higher than after the march 2020. cobit crash. higher than that. the end of the 2016 bear market. and higher than that of the end of the 2001900 barrel market when big point hit a low of 3100. so the current resolve among long term investors is still unshaken and hardly just continue to add to their position and glass note also confirm the presence of active haulers growing. so that is a nice thing to rely on despite these big impact that the institutional have every single time itself. it's just going to keep on going back into the hands of the real crypto community. now,

that's definitely something that is good to keep in mind. now been, we've got about 30 seconds here. i want to touch on a point you made, which is that the cell off may not be over. how far do you think that will see bit cornwall? well, it might not be over, right? we might actually see a test around the $30000.00 mark we might even get into the twenty's or all the way down to $20000.00. it absolutely could happen. but to the point, the christie made about the flippers, the people who are in this for the money flip are the ones who are going to get hurt, but they're always the ones who are going to get hurt. they're doing it for the wrong reasons. is that their strategy isn't sound the one good thing about the price of all these coins going down is that if you want to get in and invest not so when you want to do with your money. but now is a good time to invest. when you buy that dip because you hold it for 10 years and then see where you're sitting. now will certainly continue to keep an eye on it. boom bus, bon swan and christie. i thank you both for your insight and us markets continued their downward spiral, spiral to kick off the week on monday with each of the 3 main indices,

diving at least 3 percentage points throughout the day. and we're hearing a lot of talk about a dreaded market correction. now it should be noted after a turbulent start to the day, equities regain much of their losses, but issues still remain now coming off it's worst weeks since the onset of the pandemic in march of 2020. the s and p 500 had officially fell by 10 percent since highs reached the beginning of the year. but it did re gain some losses mid day. at the same time, the tech having nasdaq is more than 15 percent below its recent highs in november, and the doubt is inching toward correction territory having fallen roughly 8 percent off its recent hide. now the sell off comes as the leaders of the federal reserve are set to hold their 1st meeting of the year to talk about future policy with inflation in the u. s. rising, had its fastest pace in 40 years. now, all analysts are projecting for interest rate hikes. this here,

the fed is not expected to move until march, and it should be pointed out that inflation issue. well, it's not a uniquely american phenomenon, as the economy is worldwide or feeling pricing pressures. in fact, december 7 percent inflation may seem kind of poultry compared to huge numbers in a country like turkey, which i 36 point one percent inflation rate in december. as the lire has fall to record lowes and incredibly easy monetary policy from the nation central bank in argentina, prices rose 50.9 percent year over year in december. the highest among g. 20 nations has price controls have not been having the intended impact. meanwhile, brazil has seen an inflation rate of 10.7 percent year over year as it faced the severe drought and a weakening re out outside of g 20 nations venezuela saw the world's worst inflation coming in at 686.4 percent in 2021, but since december, the month to month, numbers have remained in single digit. so joining us now to discuss the best selling author and founder of the bear traps report, lawrence mcdonald,

laurie the pleasure to have you on the show today. i want to start with what's happening in u. s. markets because as we discussed they were down at 1.3 percent, and then a rally to kind of close out the day actually brought the dow back into the green territory even after falling $1000.00 points. now we've heard analysts say their pricing in an interest rate hike and the fad is moving to an easy monetary policy. and that's why we're seeing all this action. what are you seeing in markets right now? well, thanks. it's great to be on the program. i enjoy the show doing all the job. we run a bloomberg chat with about 650 institutional investors in 23 countries and it's all by side. so your hedge funds are mutual funds or pension funds. and we measure capitulation. i thought i'd tell you this all started right around thanksgiving, the fed leak to goldman sachs 3 hikes instead,

a 2. and then maybe about from another 2 weeks ago, there was another leak out of the bed to goldman again, for hikes instead of 3. so the fed is basically floating these balloons in terms of their withdrawal of accommodation in the markets has been pricing in a very, very hefty pullback of accommodation. and that's what's caused this capitulation sell up. but i will tell you that financial conditions behind the scenes are tightening far faster than you can imagine in so the fed is really playing with the serpents here. there's a real serpent in the market. financial conditions of beast in the market, and they're biting off more than they can chew. they're going to have to walk back a little bit. so all the indicators we see terms of new lows in the nasdaq in terms of, of put call ratio. we have about, you know, 20 indicators of will. capitulation, i think the lows are either in today or tomorrow of her tradeable bouts, especially in the tertiary names. you're your biotech, your ark names of those,

those, those names really came out of the whole today. and we see a counter trend rally here starting today tomorrow, which last several weeks. well, that really is notable, especially as we've learned that you know, chairman j. powell has worked so hard over the last year to keep everything steady with the market to let them know that he is going to communicate. and so it's interesting to kind of see that uneasiness. now at the same time, this is all happening during earning season, and you would expect this sell off to be indicative of poor results, but so far, nearly 75 percent of s and p $500.00 companies that have reported actually beat their estimates. so why is that not helping to relieve this volatility right now? you know, it's, it's so sad. the earnings mean absolutely nothing. in the 4th quarter of 2018, we had the best earnings corner we've had in probably 3 years in the but the fed was promising flow rate hikes in 2019 floor. and they were promising also

quantitative typing, which means reducing the balance, not just a brief reducing it. so the fed in the 4th quarter of 2018, was promising for rate hikes the next year, plus another 3 hikes in terms of quantity shining. so $78.00 hikes in the beast in the market sold off stocks. the earnings absolutely middle incredible earnings results that order in we sold off 20 percent. the similar thing is happening right now. it just, unfortunately with the combination and with the game in terms of what, how much fiscal and monetary juice they put into the system of things like earnings are really backward looking and you have to look for the bottom line is the for when the fed over the last 3 peaks took it up to 4 rate hikes for $20.22. and they took it up into the they brought quantitative tie the on the table again. so this is almost the same thing for 2080 if they walk it out back to 2 likes, it may be a quantity of tiny out further in the future, not this year. ok, that's enough for

a big, big rally. and i guess i know you're saying that we're going to see a bounce, we could see a rally, but there's no concern that this bubble is bursting here. and i got about 45 seconds. i do apologize, lawrence. true. while the exactly the we have a counter trend rally the classical beliefs, but i think you wanna for now, you want to sell the rallies in raise cash. and we could be in over the next 6 months for some of so much more difficult time. so enjoy the rally lar through battle of the bear traps for rev abby back. i appreciate your analysis. that was great today. thank you so much. thanks and as tenses continue to build between the nato alliance of russia, the u. k. is reportedly signaling that if a military conflict does break out between russia and ukraine, it would support sanctions that could include blocking the nordstrom to pipeline. and suspending mosque out from the swift international payment system. and this actually would not be the 1st time the u. k. has made such a proposal, in fact,

back in 2014, following a u. s. supported government overthrown ukraine. the u. k also reportedly planned to push the e. u to block rushes, use of swift in an attempt to cut the nation off completely from the international payment system. now rachel, it seems like, you know, we've heard a lot of this talk and what could happen and there's economic sanctions on the table. but if they were to cut off the swift bank, and of course the north seem to pipe like, does the west really have more leverage? and i mean, is this even likely to happen? you know, at the moment it seems like they are trying to come up with a number of consequences to kind of put in front of russia, even though russia has time and time again that they're not planning to invade. but at the same time, when you think of those consequences, we also have to remember what it would do to european nations and of the u. k, especially when it comes to cutting off the north stream to pipeline which they desperately need. and at the same time, if they were to cut russia off from swift altogether, it would teach russia to be even more independent, which is exactly what we have seen them do. with this entire continued campaign

from the u. s. to try to isolate them. we've seen them turn away from the u. s. dollar go more told towards gold, and that is exactly what happened. very interesting and time now for a quick break. but when we come back, the united kingdom has seen its drugs flow to a near one year is low as the nation is struggling to balance back. we'll dig into those details as going to break. here the numbers is quote, the me champs all down through here, all this little area over here. so your camps are always

a little nicer than this. this is evidence of absolute poverty, despair. people in our city and other cities all across america are living like this. where at the original eden village that opened up in 2018 right now. there's 31 homes on the property. it's a little over 4 acres with 31 homes and a community center. unfortunately, a lot of people don't make it out of edition more homeless. my. i'm really happy for you with me in. ah, i welcome back while in place of in supply chain shortage to continue to take a toll and increase in cope and 19 cases. also hit consumer services sector in the

u. k. so any of the economies growth to an 11 month low in january, the us market index came in at $53.00. now we will always know that anything above 50 represents growth, but it is still the lowest. the index has fallen since the u. k. began lifting restrictions last year. now meanwhile, tensions with the you continue more than one year after breaks it was finalized. one of the main points of contention has been the northern island ireland protocol . now the top officials from both sides met in brussels on monday, following a week of talk between their teams. the u. k. has requested significant changes to the deal knowing that as it stands now, the required border checks for northern ireland treated as though it is no longer a part of u. k. in response, the use chief for exit negotiators said he is highlighting the importance of the current deal because it was the only agreement they have been able to come to so far. and ultimately, it is about ensuring stability,

predictability and to prosperity in northern ireland. so bearing in mind, so for the protocol to present sir, the one and only solution found jointly in lights of rags it to protect. so the gains of the peace process and avoid to hard border on the islands of tutoring in san this guys is hillary ford, which president of straw mark business development consultants, an board member with the british american business association. now, hillary, what do you make of these talks? i mean, is there hope for some kind of deal that would address the concerns that the u. k. has presented? will rachel, pleasure to be back with you? and there's always hope. yeah, this range know a few things. i actually would agree though with raoul rooper all, he's the full, my advisor, the prime minister on europe. and he said that as a definite softening anabetta tone, an atmosphere between list trust, the car minister, m my of so could they. and actually they came out with

a joint statement. awful. last meeting. yes. they messed met him, brussels today after meeting in kent. so a couple of things, one thing she came out and said he has said after that meeting at the end of the day that he will not work to an artificial deadline. he will not be forced into an artificial deadline. although he's going to act with a sense of urgency. so i think what you're seeing is that you know that, that the you doesn't really want to barge on. this is far more political than anything else. we could move them on. and of course, is a very political issue that yes says, oh, and yes, there seems to be somewhat of a softening and a better than as everybody and hillary, i mean, obviously we've talked about this issue quite a bit on the show with you. and you've noted that the eve doesn't really want to make it easy for anyone to leave a but has that actually been the driving force behind this conflict? as far as keeping the northern ireland protocol in place or is that you actually happy with the protocol as it is? well i called speak to the you and i or anybody would say anybody is actually quite happy with the situation. ah, go right, brent. in that, of course,

like why would the e, you want to country to leap? now does it make them look good? it's like when someone leaves your club, when someone leaves you in summer deserts, you know, it doesn't make the you look good. and they're also concerned about all the nations, if all the nations see that this is not fraught with any kind of distress that other nations might lead to. what's interesting is maria. so quebec has also said that if there isn't some kind of settlement on either side, that he will suspend discussions or breaks it at the end of the month at the end of february, before march to basically he has the, ironically he's actually said he wrote, set of fools deadline or artificial deadline, and yet he sort of setting him in himself by saying the end of march. what was interesting also was he said that there are less, i think it was on the map, just protocols than any other food country. that big of a mate. so he basically is saying, you know, you have a great deal, britain of the u. k. you know,

you should take this or else we cannot speaking. so he is actually basically laying down a deadline and her st. you at me thinking that the issue would be encouraging country is to stay, not encouraging them to just not lee via when it comes to all of this. i mean, i also want to bring up the u. k. economy because it did record at the lowest growth in nearly a year with inflation at 30 year highs. and the bank of england is expected to raise interest rates again next month. so what do you see as the main economic concerns for the nation right now, and is it on a path to stability despite the latest data? well, i do think rachel, actually, ironically, despite the data, i do think it is on upward trend, a long term upward trend. and i think a few people to read me. adam holding. he is the chief economist over there at capital economics. and what he said is he called this up over the good actually he called it the only cron hangover and i thought that was a good way to basically position this don't get the u. k was hit rather hard heart of the most of the european nations with on the cross. so you have staff shortages

and economic shortages in economic pressure in terms of all of the goods. the supply chain obviously was suffered far greater in the u. k than anywhere else. if there weren't the goods and some of the shows were empty, the consumer couldn't go out and buy them. also consumer confidence was hit drastically hard by omicron. but if we go back to adams, quote, this is the only one hangover. he says, he thinks there will be a very swift recovery at the by the end of q one that's now going into the rest of 20 to the end of this quarter. and i tend to agree with him because all the underpinning fundamentals are good. manufacturing is up in the u. k. what was really hot yet was the services industry, the leisure industry in the hospitality industry, but of course, as we know, the u. k. is doing a lot of deals around the world and that bodes well for the future. yeah, i certainly a lot of moving parts there. hillary ford, which of straw mark development consultants. thank you so much for bringing us up to speed session. and finally, months after

a russian actress and her crew became the 1st to film a movie in the outer space. well, tom cruise is now looking to join that exclusive club with a production of his own. the new project is being launched by the u. k. base space, entertainment enterprise and it aims to build a studio that would be attached to the international space station that module referred to as c. one is currently being developed by axiom a company based in houston, texas. when completed, it could be the world 1st content and entertainment studios and multi purpose arena in space. right now the data for launches and until december of 2024 and tom cruise is expected to be one of the 1st major actors involved after nasa confirmed they were working with him on some sort of space film. but we still don't know much about it, including what their budget might be for a space launch. i bet it's going to be large. now they called you and they said, hey we, we want you to come up to our arena and space would you?

of course, i've told you at times rachel, i'm ready for space. i'm here for it. well, as long as we can send a tv with you and you can talk to us down here, i will stay happily here. honor. i like the word space arena. it makes me think we might be looking at space olympics sometime soon. oh goodness, i think the regular olympics figured out then maybe maybe that's in the future. and that the for the time you get us on demand on the portable tv app available at portable dot tv. and it will see you next me ah, with the earth still large enough to satisfy the ambitions of jeff, based on, you know, it's got its tentacles in so many aspects of the economy. there's nothing that amazon isn't trying to get into to step by step. the amazon empire has extended its grip on the world that was like a duck quacked, like a dog. so amazon on looks like monopoly trays like

a monopoly makes money like monopoly, behaves like monopoly. amazon essentially controls the market place. it's not really a market as a private arena, a world where a single company controls the distribution of all data products and the infrastructure of our economy is loose the world according to amazon. ours, in el zante, el salvador, big clay beach, hybrid moines. ization countries made big claim legal, tender. it's one of the fastest growing countries in the world now. and things happen in a good way when you go all the way it a when i was showing wrong, when i just don't whole. i mean you. yes. to see how did they come to the african engagement equals the trail.

when so many find themselves worlds apart, we choose to look for common ground. ah, the top story right now here we're knocking international. the president of pro way should claims his country will withdraw from nato. if indeed, there's a conflict between russia and ukraine. it does come out to western crime, stop its military presence in the region, over alleged plans by moscow to invade its neighbour. a class with the police in the ukrainian capital as people take to the streets of p, f, demanding economic reform integrated works with us to pursue.