congressman, an notice said critic, doctor von paul, and as if those dates to shift tours and global volatility continues to rise, global markets are reacting on wednesday. we'll bring you a full forecast of what to effect. edward 10th is rising on the border of ukraine, the u. s is threatening to level thanks is against russia in the event of an invasion. later on, we'll see you in on what impact the proposed sanctions could have got a lot to get to get started. and we leave the program with the latest from the federal reserve. as chairman jerome pol confirmed, the central bank could move forward with plans to raise interest rates this year for the 1st time since 2018. now speaking at the conclusion of the meetings, paul had this to say. several open market committee kept its policy interest rate near 0, and stated its expectation that an increase in this rate would soon be appropriate . the committee also agreed to continue reducing its net asset purchases on the schedule we announced in december,

bring bringing them to an end in early march. as they will explain against a backdrop of elevated inflation and a strong labor market. or policy has been adapting to the evolving economic environment and it will continue to do so. now this move to raise rates has been expected, as the fed gradually pulls back on its asset purchases that were put in place to prop up markets at the beginning of the pandemic. while the fed has acknowledged it has come as close to quote maximum employment, as it is likely to get given changes in the labor market. there is still the issue of inflation, which has been far above the fed 2 percent target for months now. so will they be able to reel in those soaring prices? well, joining us now to discuss if dr on us congressmen and the new york times best selling author and the fed. dr. paul is great to have you on the show today. now we know that the fed says it was hoping to keep inflation around 2 percent, but of course their policies have contributed to it. now hitting nearly 40 year

highs. so do you expect this latest approach to have any meaningful impact on those storing prices? i think 0, you know, i always made a lot of fun of this thing. i don't know how. 7 long they went on with this notion that they're going to aim or a 2 percent price inflation. and the evidence was already out there. and common sense would tell you that there is no way that they're going to finally get the price is about 2 percent and we're going to stop there makes no sense whatsoever. and if you think about it now, i don't know the exact day they hit 2 percent they that day came and went so quickly because then that's what i always predicted. they're going to get more inflation and they ever dreamed of. and yet they were just what i anxious to have 2 percent inflation, which means they want to steal 2 percent of the value of the dollar from every buy that uses a dollar. and that was going to solve all the problems. what they wanted to do is slowly and deliberately liquid day dad, because if you cheat your money,

you can liquid a real debt. and i think that was part of the problem, but that 2 percent was silly. is way past 2 percent and there's no way they're going to waive a won and all of a sudden, you know, reduce what's going on in the economy now that the price inflation is going on. now it's been locked in place. you know, in the last decade really since, so 8 of this tremendous monetary inflation. and it's just coming to light and it's predictable, exactly when the money hits the market to push prices up. but it always does. it's just that all the predictions and planning are aren't, aren't worth a whole lot because they don't even know what the interest rate should be. because of course, if you were a free market person, you'd let the market make those decisions. and dr. paul, i mean, as rachel pointed out here, the federal reserve has a dual mandate. one deals with inflation, as we said, they're certainly not keeping up with but the other deals with maximum employment,

which i think could be a little bit more questionable when you say yes, the unemployment rate is certainly down, but the labor market is absolutely crazy right now. with a record number of job opening that record number of people quitting. but i mean is what the fed is doing with all of this is doing a disservice to the american people. well, i think you were, you years a cassius, my attention is crazy because they, we don't live in normal times and it is true, they're looking for workers and there's a lot of people who won't work. what do you have if you look at the total number of jobs we have now, it's still way below what it was before cove. it, so is the interference in the market place, the distribution of services with all the locked down to, along with what was approaching in. oh wait, it was, it was quite certain. no, in nato a just, just a couple years ago. it was evident that the consequence of the queue we was hitting the market and it hit at about the same time. the stocks we're starting back town,

they the, the, the market was going down and then comma came along. oh, now we have to print more money because they haven't dealt with more than the money they put out after the recession. so they're way behind it, ball 8 ball and are way behind. because the 1st thing is, is it's impossible for a group of individuals. men, women, children are lucky people to predict what the proper rate of interest should be. that is why we're in such chaos is going to get a lot worse. because interest rate is a really important price. it tells people what to do and yet is totally disruptive . and that's why you have these labor markets all messed up, added on not only what the fed has created, but all this nonsense going on with coven and dr. paul, i mean, you brought up a lot of interesting point there because it 2019 we were sounding the alarm that we were on the cost of a recession and then obviously cove it through a whole wrench into the works. so did the fed with all their monetary policy,

they essentially just kick the can down the road, right? yeah. but i think it was convenient for him because some of the things that came up with cobra, you know, are being disproven now. maybe we shouldn't have done so much. maybe we should have allowed the market to work a little bit. maybe we should have allowed the doctors in the patients to make a decision, rather than dr. file telling us what we could do and couldn't do and allowing some drugs to be on the market and some removed and everybody being challenged. everybody is going to get vaccinated because it's good for the pharmaceutical industry. so i know, i think it was, i think they blended together pretty well on a took advantage of the coven this, you know, we've had, we've had serious illnesses. you know, that didn't require this much confusion in the past. and there's a lot of things that the people won't admit to, but it will eventually be more and more known about this, this pandemic that's going on and exactly why it's happened. but the combination is

deadly. and both i'm pushes prices up. but the biggest thing that was predictable was the fact that the fed had printed so much money, trillions of dollars, and they're still doing it. and now they're saying, well, we're going to, we're going to wait to raise the interest rates and, and they say one thing, but they really haven't done a whole lot and neck. and even if they go and raise interest rates, they tried a couple years ago. and reduced the balance sheet, and it lasted for a little bit, but didn't work. and they had the race out there because the stock market was going to, you know, you listed the prices of inflation is going up in the employment as being important . they also say they should regulate long, long term interest rates. but what, what they don't tell you is the number one reason that the fed exists in number one job is to keep the stock market high. and that,

that tends to explain things. when you think that's why it's k r a one day is up 500 born down a 1000 because they're fighting the marketplace. and eventually though, the market always winds out and you know, they, they've, governments can do in those fed can do, and they can rig prices. but eventually, even in an authoritarian society, even with tick dictators, there's always a market. there's a black mark and all that will sort out the truth and that's what they're trying to do now. but the fed is not going to sort out the truth. things will get a lot worse before it's recognized that the market has more wisdom than all the individuals i ever met in washington. yeah, we certainly have seen this. i'd get away with a lot to say the least over the last few years. now when we look back at these 2 years of policy alone and we look back at how they have flooded the market with cheap money in order like you said, to keep that stock market propped up. what are some of the long term consequences there? and do you see there being accountability for the federal reserve?

finally, at some point i, yes about it will be a market that will, will take care of that. know the consequence of what they've done is there, and that's what they're wrestling with right now. and the worst is, the most serious complication i've worried about is very a prayer and now, and that is the male distribution of wealth under this type of system. because it is true, the wealthy get wealthier, the poor get poor. when you say, when you look out and say what people are implored and people are doing pretty well . and if they can, everybody can, can get a job. it's not, not too bad, but a tell you what they're hurting. the tax is the inflation tax. the everybody. this is somebody has to pay for these trillions of dollars that they've spent and all that trains of dollars a day. the market will not let you just say, go away and they do that for a while, but it keeps bigger and bigger. now you have to tax the people. but what paul

vision could get away with raising income taxes or cutting spending to the point where you would get things back and down. it's not going to happen. the deceit fullness of inflation has been with us. it's going to be with us. and that's what we're doing. so we print the money. we pass it out is never enough, no matter who you talk to. now, wall street screams all the time, but the average person now, how about the homeless? the number of people are homeless that are growing and, and the deficits are exploding and they say we need more money. no, that's, that's wrong it's, it's the money that cause the problem. so they need a little more education on economics as far as i'm concerned. it's the money that causes the problem certain on certainly a lot at stake there, but it is always a privilege to have you on the show to break it all down for a doctor on paul, thank you so much for your time and insight. thank you for the program and markets of faith increased volatility throughout the week as investors wash what may come

out of the 1st meeting of fed officials of 2022. now we watched the doubt lost more than $1000.00 points on monday, only to regain those losses before market close. tuesday saw similar trend with the index losing more than 600 points, only to end the day just shy of even while the s m. p followed a similar trend losing 3.5 percent before making you come back on monday and taking meagre losses on tuesday. though as for wednesday, markets actually opened higher into in anticipation of insight on fed policy and strong earnings from tech heavy weight, microsoft which then tech stops up. but they gave up most of those gains if not all of them after the fed share spoke. so what is the outlook for markets after a turbulent start to this week? and we'll continue with joining that discusses blue bus co host chris, the tobin smith of transformative research top. and i want to start with you on that. now that we have some insight from the fat after seeing, you know, the nasdaq at our correction tor territory,

the the p blurts with dropping 10 percent from recent high our markets expected to react to all of this. when we see just with the last few moments, things dropped into negative territory for the go. well 1st off, after 20 minutes of listening to ron paul, who's been dead wrong for the last 14 years, let me just share a few facts here. never was the stock market follows earnings. it's always has always will. for when we brought in 55000000, new stock investors, the yellow, the photos, the, you know, the robin hunters, they put a whole bunch of money into it starts. they don't make money. eventually that had to correct and it has that's how markets work, dr. ron paul. and so the idea that that the fed now is going to raise rates is a little bit a little off here. the, the fed is going to start by reducing its balance sheet. and when they're letting

that, by running off the, you know, the ones that the bonds that mature, they're not going to repurchase and they're going to let them run off right. then they're going to start to raise rates, and we know they're going to raise the rates $3.00 to $4.00 times. but from where, from 0, you know, 9 out of 9 times when the fed is raising rates. it's because the economy is strong and can take it and 9 out of 9 times. yes. and pete, 500 has been up on average, about 8 percent during that right high. so for people to just fits themselves over something, we know that the world's going to come to it and go, you know, subscribe to ron paul's newsletter. it's been wrong for 14 years in a row. i guarantee it's going to be wrong for the 15th year. now, christie, obviously we focus on wall street a lot, but how much are global markets keeping an eye on what the federal reserve is doing right now? i mean, it's still largely the focus across all across all global markets. european stocks, they close slightly higher on wednesdays, as investors for brace themselves for the latest monetary policy announcement. the

european index ended up about a percent with oil and gas docs dumping 4 percent at all sector, the major bosses entered positive territory. now this pause trade board was simply recouping some of the losses from monday. sharp fell off as funds began the leverage in anticipation of the fed. so now investors are all focused on the latest policy update, which essentially means that the market wanted to know when the central bank will raise interest rates, and by how much asia trading was mixed bag on wednesday as there was still this arab uncertainty. but all in all geopolitical risk, some problems related to the energy supply continues to be the main factors for investors in europe and expectations that the fed will follow. a hawkish stands in interest rate hikes, which negatively affected tech, but also boost to the banking sector. now children, when it comes to i know you share your opinion on our other guest, have to say, but when it comes to mark, as i know, we've seen the nasdaq, andrew, a correction don, 10 percent from highs in november while the s n p and the data have been on the costs of officially entering

a correction. we know markets have been pricing in with the federal doing so. where do you see things going and is it going to be a rough few months, or are we in for a balance here? well, 3 things, you know, we, we've had $39.00 corrections in the nasdaq and, and then you know, dow jones, etc, over the last 3040 years. so correct. as a part of being a stock investor, that's how you make more money and stocks and bond. because when people get freight, i like to say that fear is the fertilizer of the next bull market. and we clearly had based on the sales, based on the vix volatility rate. we've had a lot of fear. we've scared a lot of new investors out. this is the time when you actually make money in stocks, guys. you people look at it like when you sell is when you make money. no, you make buddy. what do you buy below, for instance, we're very long into those gas plays permian basin, natural gas like they're rising in the value of the indexes,

which really happened here is because we're so heavily in the index is weighted on microsoft and you know, facebook and so on and so forth. an apple that when they come down there is an exorbitant, you know, there's a lever, a fact where the market comes down more, but they've only come down, you know, 15 to 1820 percent. that's a correction. that's not a, you know, a new bare market. and if investors want to make money, you have to fight your fear to buy great companies at with real cash flows. now and over the next couple months, you buy a one quarter, maybe one 3rd at a time, because ultimately there's no recession coming, even ron paul. and i agree on that. and if you don't have a recession coming, then you don't have, you know, a true bare market because a bare market in stocks says that there is a recession coming in and people are taking money off the table. that's not us, man. we've gone through an incredible pandemic, incredible new deals. but at the end of the day, yeah, he's right. the market is right and the market in rising interest rate does better

eventually. chris got about 32nd plot to give you the final word on that. i mean, i agree with that are supposed to be greedy when others are feel fault fearful. and right now is actually the great time for buying. and i think after the last decades, investors should be automatically have this mentality that every single time they buy the dip they've been never wrong in the last decade. i think so, i think the bull market is still intact from here. and that a bear market. i think is still far off right now is just a simple correction. and i think that as long as we have growth in the economy, whether it's value stock, whether it's oil and gas, as long as we still have growth, then the market will be intact. that there's one thing that we all know that they will eventually come back, boom bus, christie, i and toby smith transform the research. thank you so much. and you guys and i'm now for a quick break only come back the threads as sanctions are being levied as tensions ask the russia ukraine border continue to escalate straight ahead. we'll discuss

economic impact as opposed measure will be right back. mm mm mm a a bring you the very latest every out the day. this is ok. he now snow from everyone hand i'm with up and so now for the past couple of decades,

the solution was i was print more money. but now that the money printing is causing real inflation and exacerbating all the problems, that solution is only going to make the problem worse. but of course that's what they'll do. that's what the leads will do. that's what they plan to do. any inconvenience that falls them, they will answer well, we need to print more money, print more money and the food will get in the shorter supply again, workers will disappear and the situation get worse and worse because it does never money printing never work. now we know you do this is he is this fear. if you go faster you will fall off and and the other side of it came from and you're back home. so i would like to envision that does it personally use it is just like that one direction and from the other side and look forward to talking to you all that technology should work for people. a

robot must obey the orders given by human beings, except where such order that conflict with the 1st law show your identification. we should be very careful about artificial intelligence at the point, obviously is to great trust rather than fear a very job with artificial intelligence. real summoning with a robot must protect its own existence with a welcome back. now we've told you about the increasing tensions along the border between russia and ukraine this week. but now want to take a look at the latest threats of sanctions and the economic impact they could have

on both sides. now, it has mainly been the u. s. and e. u, presenting threats of everything from direct sanctions to export controls against russia. if it invades ukraine, which it has repeatedly cited, has no plans to do. while we don't know exactly what those measures would look like just yet. reports of describe them as aiming to worse and the sell off in russian market increased the cost of the countries borrowing and hurt the value of russia's currency. so joining us now to discuss later here which is well, host of the economic update and author of the sickness is the system. now, professor, what do you make of the latest threats from western countries? wouldn't the measures that they are considering also hurt them as well? especially when we're talking about countries in europe that rely heavily on russia for things like natural gas supplies. well, i think there are 2 things that are notable here. number one, the escalation of what is being threatened and spoken about. let's remember ukrainians in europe, not in the western hemisphere. russia is a neighbor,

we are not. the rest of europe is very worried because the war, if it happens, will be there. not here. as a result, there's a holes rudolph, different job perspective on what's going on. so from the united states to be threatening the liter tree, the stock market in another place. those are actual war or very close to it. and that ought to be a much better. it couldn't than it, apparently it. now to answer your question. absolutely. if the russians and the chinese were to be treated in this way, if they were to conclude that they have to do it back to us, then thinking we have seen so far in the way of supply chain disruptions are nothing compared to what could happen if they actually interfere in the delivery of russian gas to europe. it will drive up the price of energy in europe,

which is already at crisis levels in every european country, and become completely out of control, threatening the governments of boris johnson in england of the new club, but any and so on. so i don't know, of course, whether it was the russians billed, but the notion that you can do this without any risk of a blow back to disrupt your economy. that is a level of my, of the day. nobody should indulge her and professor, all of them in the us is obviously no stranger to imposing sanctions on government that doesn't agree with. and that includes, of course, russia, that's why we've seen russia work to rely less on the united states and less on the dollar for that matter. but is it possible to be sanctioned, prove from the world's largest economy? lead not going any 100 percent way, but here's something to keep in mind. the russians have now arranged over the last

few years, a major alliance coalition partnership. whatever you want to call in to the people's republic of china, and i want to remind everyone that the people's republic of china for the last 25 years has been the fastest growing economic colossus in the world. now challenging the united states with many people feeling that before this decade is out, the chinese economy will be bigger than the american. it's not all russian stan lee, even on a big powerful china to work things out to compensate for these sanctions in a way that earlier a victims of american sanctions had no comparable way of coping. and i think there's a big miscalculation about what the russians could or would deal with the help of the chinese. and again, we are a former

a here with extremely dangerous shifts in the global economic situation. absolutely, and the u. s. seems to be acting as if there is no form of blow back possible at all. now we've got about a minute left here, but moving into the future, do you see russia and china continuing to strengthen their alliance? and you see the u. s. waking up to this and changing its course anytime soon, i think their alliance will continue to grow and become more solid. but i believe the united states is probably the single biggest force making that happen. in other words, focusing, look, we've just gone from the trumpet ministration, which demonized china. now we have the wagner administration, demonizing, russia. we threaten china with the south china sea now this with ukraine, that would be very strange people over there. if they didn't see that they have a common enemy because the common enemy, namely the united states,

is making it so crystal clear. and certainly as bizarre to be in a time when it feels like the united states is picking fights with just about everybody and not looking at the consequences of it at all. professor richard will thank you so much for joining us to break this one down. thank you. and that's it for this time you can catch boom bust on demand on the portable tv app available on smartphones and tablets, through google play in the apple app store by searching portable tv, portable tv. you can also be downloaded on samsung smart tv, then roku devices or simply check it out at portable dot tv. will see you next time with oh, is your media a reflection of reality?

in a world transformed what will make you feel safer? high selection, whole community. are you going the right way or are you being led somewhere? direct. what is true? what is great? in the world corrupted, you need to descend, who join us in the depths or remain in the shallows. there may, may, we should all be may or may, we should all be angry or what's going on, right. can understand united states history to understand 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 flight and the slave down. if you had investigated lynchings, any great extent. you can't believe that really having the country and the country still stands in brick. i'm from the south. everybody know, know what their failure to some extent. i would argue that we're still fighting the civil war. and the south is winning. join me every thursday on the alex salmon. sure. and i'll be speaking to guess on the world of politics. sport business. i'm sure business. i'll see you then this is james all down through here. oh mr. larry over here. so your

camps are always a little nicer than this. this is evidence of absolute poverty. just to mayor, people in our city and other cities all across america are living like this. where at the original need and 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 homelessness, like i'm just really happy. it made it her dad you with me in. oh, i now you know you, it. earth is. he is a sphere in your fast, you're far enough and. and the other side of it came from and you're back home. so

i would like to envision that the actual unit, if you live in, it's just like that. you don't want an action to, to, i'm from the other side. with there to have to the fanatic one, but also of half of defense and deterrence. the u. s. a. nato mix talk of diplomacy with threats after they submit that written response to russia. security red line malians refusing to visit earth because of russia's alleged invasion plans. the west of major appears to lose the plot of ukraine publishing a host of episode and arrived. inaccurate stories over the crisis. nobody's. we speak to a top us vaccine ex budget brains wise, but mcvay, in her opinion is better than pfizer when it comes to attacking the only trans friend.