it will prevent you unwittingly, being connected to somebody who is under age. i mean, we don't let our children drive or drink or smoke until they are over the age to be able to take those risks responsibly. and we shouldn't be doing that with social media, whether it has been shown a great deal of home can be had in our discussion, continues right now, online at ortiz and you tube channels wrapping up the show right now. its half past the hour here in moscow. thanks for joining us on this thursday. your program returns at the top of the hour of deceit. ah with

their 3rd boon, but the one bid the show you can't afford to miss our breads. you board and i'm major blevins in washington coming up. the federal reserve has announced his plan to raise raise and dial back on his balance sheet in the coming month. well, this guy was former congressman and noticed that critic, doctor von paul, and as it needs to ship forth and global volatility continues to rise. global markets are reacting on wednesday. we'll bring you a full forecast of what to effect their 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 will fill you in on what impact the proposed sanctions could have got a lot to get to get started. 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 it's 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 bring them to an end in early march. as it 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 moved 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 feds 2 percent target for months now. so will they be able to reel in those soaring prices? well, joining us now to discuss is dr. on us congressmen and the new york times best selling author of and the fed, dr. paul, it's 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 had 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 for a 2 percent price inflation and the evidence was already out there. and common sense would tell you that there's no way that they're going to finally get the prices go up to 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 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 say and 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 cheap in 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, that price inflation is going on now has been locked in place. you know, in the last decade really since 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 is

just did 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 openings that record number of people quitting, but i mean is what the fed is doing with all of this. is it doing a disservice to the american people? well, i think you were you years, said cathy. 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 it's the interference in the marketplace. the distribution of services with all the lockdown to along with what was approaching in. oh wait, it was, it was quite certain. no, in nato a just since then 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 come, came along. oh, now we have to print more money because they haven't dealt with the more 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 co good 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, but i think it was convenient for him because some of the things that came up with kobe, you know, are being disprove. and now that maybe we shouldn't have done so much, maybe we shouldn't 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 doctor found you 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 no,

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 on 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 way even if they go and raise interest rates. they tried out 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 of 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, the 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 the side 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, does doc 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 competition that 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 wealth here, 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 at the expense and all the trillions of dollars that the market will not let you just say, i'll go away and they do that for a while, but it keeps bigger and bigger. now you have to tax the people, but what policies you 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, has 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 increase volatility throughout the week as investors wash what may come out of the 1st meeting of fed officials of 2022. now we watched as 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 meager losses on tuesday. as for wednesday, markets actually open higher into in anticipation of insight on fed policy and

strong earnings from tech heavyweight microsoft, which then tech stopped 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 us, not discuss his boot, but co host, christiane and toby smith of transformative research talk. i want to start with you on that. now that we have some insight from the fat after seeing, you know, the nasdaq enter correction tor territory. the s a p flirts 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 drop into negative territory for the doubt. 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. number one, the stock market follows burnings. 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 starts that don't make money eventually that had to correct and it has. that's how markets work. dr. 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 that the world's going to come to it and go, you know, subscribe to run paul's newsletter. it's been wrong for 14 years in

a row. i guarantee it's going to be wrong for the 15 here. 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 closed slightly higher on wednesdays, as investors for brace themselves for the late monetary policy announcement. the european index ended up about a percent with oil and gas docs dumping 4 percent at all sector. the major boards has entered positive territory. now this pause trade board was simply recouping some of the losses from monday sharp sell off as funds began to do 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 the main factors for investors in europe. and expectations at the fed will follow

a hawkish stands in interest rate hikes, which negatively affected tech, but also boost of the banking sector. now children, when it comes to, i know you've shared your opinion on our other guess 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 dow have been on the costs of officially entering a correction. we know markets have been pricing in with the fed doing so. where do you see things going and is it going to be your rescue months or are we in for balance here? well, 3 things. you know, we, we've had 39 corrections in the nasdaq and, and then you know, dow jones, etc, over the last 3040 years. so correction part of being a stock investor. that's how you make more money in stocks in a 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, right?

we've had a lot of fear. we 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 money. 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's an exorbitant, you know, there's a lever effect 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 and 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 reception coming in and people are taking money off the table. that's not us, ma'am. 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 in the market. in rising interest rates does better eventually. i chris got about 30 seconds after we give you the final word on that. i mean, i agree with i are supposed to be greedy when others are feel for all fearful and right now is actually the great time for debt by. and i think after the last decade, investors should be ard medically, have this mentality that every single time they buy the debt 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 bare 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 well and gas, as long as we still have growth,

than the market will be intact. if there is one thing that we all know that they will eventually come back, boom bus, christy i, it's helping smith to transform the research. thank you so much. thank you guys. and i'm now for a quick break when we come back. the threats of sanctions are being levied as tensions asked the russia ukraine border. continue to escalate straight ahead. we'll discuss the economic impact of the proposed measures. will be right back. mm. ah ah

it's an open secret that private military companies have been playing a role in our conflicts world wide. us government doesn't track a number of contractors and uses in places iraq or afghanistan, the united states army and the military and general is so reliance on the private sector. i would call that dependency, but we don't know who's the on the ground presence of these companies overseas. we just don't out west and private military companies can in their turn, use so cool subcontractors from countries with trouble pass. the chances are quite good that they had also been child diligence. this is i was a child, as a, as in my job professional joe is he's with the full moon. wouldn't look good if i said that with, with no flow,

minimum own wall. sure. which going to be merciless killing machines. now they fight and die in other people's was people carol a lot when a dead soldier or dead marine shows up in this country and we start asking yourself, why did they die? why do what would a fighting for? nobody bothers down to about the contractors in 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 in 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 country. the borrowing and hurt the value of russia's currency. so joining us now to discuss later, 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, ukraine is 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 differential perspective on what's going on. so from the united states to be threatening the lead 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 comprised of energy in europe, which is already at crisis levels in every european country and become completely out of control threatening the governments of borders. johnson, in england,

of the new company and so on. so i don't know, of course, whether it was the russians build. but the notion that you can do this without any risk of a blow back to disrupt your economy. that is the level of my, of the day nobody should indulge or, 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 sanction proof from the world's largest economy? lead not in any 100 percent way, but here's something that he didn't 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. 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 formerly here with extremely dangerous shifts in the global economic situation. absolutely, and the rest 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 there's with ukraine. there will 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 desire 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 can also be downloaded on samsung, smart tv, and roku devices, or some of my check it out at port of all that tv will see you next time . there may, may we, sir, all up in may or may, we should all be angry because what's going on, right. can't understand united states history and the role that slavery plate is already a very formal institution. at a time united states became a nation. it actually define the nation. the rise of capitalism is clearly on the

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what is, ah, in the world corrupted, you need to descend, who join us in the depths or remain in the shallows. is the earth still large enough to satisfy the ambitions of jeff bezos? 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 a step by step. the amazon empire has extended its group on the world that walks like a dog in quacks like a dog gets a dog. so amazon looks like monopoly trades like a monopoly makes money like the monopoly behaves like monopoly. amazon essentially it controls the market play. it's not really a market, it's a private arena, a world where a single company controls the distribution of all data products and the

infrastructure of our economy. is this the world according to amazon? ah, this, our top headlines here on our t rush was foreign minister says the u. s. has failed to address moscow's concerns about nato expansion. however, that the 2 sides can now start 8 serious conversation about secondary issues of panic over the ukraine. price is taking a prism tone in some parts of the media. one outlet suggesting russian aggression is preventing you f o hon totes from contacting alia a program here. what i'll tell you bars. johnson's leadership is delta potentially .