ah there said boom, but though one business show you care subordinate dobrinka board and i'm reach of london's in washington county. schools, prices are past $1900.00 for the 1st time since june. we'll take a look at what's behind the latest gains and how long they're likely to last. last international tensions continue to take a tool as investors show their concerns over the state of the world's top. economies will bring you all the latest with the global market walk. and as the crypto currency wave has swept the united states, the nation's government has now named a crypto czar to pursue crime in the industry. got a pack show today, was that right in that we lead the program with a good week for gold as prizes hit $1900.00 for the and out for the 1st time since

june on thursday. while us stocks took a hit and the dollar remained flat, gold continued to enjoy it's safe haven status. this comes as the pressure continues to route surrounding what the federal reserve will do when it comes time to decide on how much to raise interest rates next month. now, the pressure is also increasing surrounding warnings from the u. s. that russia is planning to invade ukraine, even though moscow continues to deny those plans and to miss u. s. predictions for when that invasion would take place. but it hasn't stop the concern from investors as a war involving the u. s. and russia would have major impacts around the world. so you're ending up now to discuss the latest, to just keep economists in global strategist at euro pacific capital. now peter, let's start with this raleigh in gold prices. what do you make of the latest games? well, i think they're going to continue, and i think it's about time. the price of gold has been lagging because the conventional wisdom has been the fed was going to successfully fight offs,

inflation rate hikes. and even if the fed hikes rates, the rate hikes they're talking about are too little too late to do anything about inflation. the fed is still providing and accommodate of monetary policy, even if it does raise rates, you have an accommodating fiscal policy. so the government is creating a lot of inflation. and that's where gold really shines as a safe haven because the real threat is inflation. and that's what is going to drive bull. price is substantially higher. and peter, i want to get to the fat here in a few minutes. but i want to keep on the gold line here for just a minute. because when there is a rally in any aspect, we always want to look at the factors that play. so when it comes to gold prices this week, what are we seeing have the actual biggest impact right now? is it just the fed as the geopolitical touch? it is there, the market being down part of this and why is it impacted by the prospect of international tensions? if that is the case? well, i think that's playing a smaller role. the underlying trend is inflation. i mean, prices for everything are going up. so why should gold be any different when you to

base your currency? you print a lot of money, you need more money to buy oil, you need more money to buy wheat and copper. you need more money to buy everything, including gold and the price of gold is going up. but it's gonna go up even more as people really graph the gravity of this risk because the fed is going to do nothing about inflation. inflation is now a permanent way of life, not just inflation, but very high inflation. and so investors are going to start to price that into gold now because they're going to be looking to hedge their, their dollars for many, many years out into the future. and the value of that is going to be priced in. the goal here is interesting because you mentioned how gold prices are kind of been lagging. and now we're really getting to see the reality of inflation that it isn't going anywhere. do you think that investors actually thought that the fed we're going to get a hold of things cuz i feel like everyone we talk to you on the show, at least for the most part, says hey, inflation is not going anywhere. the fed isn't going to have any real impact or we're kind of looking at a doomsday scenario. so is this something that people were buying the opposite of?

well, no, i think gold has gone or been depressed because people have had confidence in the fed 1st. they believe the fed, when they said that there was no inflation and they believe the fed when they were pretending it was transitory. and now they believed the fed when they, they're pretending they're going to fight the inflation and fight inflation is going to win without a fight. and investors have to comprehend that because the fed has placed those in a situation where there's no way out because they kept interest rates so low for so long. everybody has so much debt, including the federal government. and so now that the fed has to take that punch bowl away and allow rates to rise, nobody can afford to service the debt because they have so much because when you have an inflation of 7 half percent, and that's just the official rate, the real rates more like 15 percent, 2 percent interest rates are going to do nothing about that because that is still an extremely accommodated policy. you have negative interest rates, which stoked the inflation fire. if you want to put out that fire, we need positive real interest rates. we need the interest rates to be higher than

the inflation rate and imagine the impact that would have on the economy. i mean look what happened to the economy in 2018 when we got up to 2 percent, interest rates, 2 and a half percent. what would happen to today's economy with so much more debt, if the fed, how to move rates up to 10 percent. but absolutely, peter, because when you look at what happened here, i mean when the last time inflation was as bad as it is right now. even with that official number, you know, it's 7.5 percent. even though many things could be much worse than that. when you look at that, the last time we were, their interest rates were around 18 to 20 percent. i mean, is there any way that this better reserve in the current climate will ever even think about touching, even 5 percent level 10 percent or even 20 percent. while they're not going to think about it now, the question is, when they think about it in the depths of a crisis, when the dollar is crashing, and you're seeing prices going ballistic. and you know, i think we're going to repeat the mistakes that we made in the early seventies of

price controls. i can already see that where you have the politicians trying to vilify businesses. they're saying the reason prices are going up is because these greedy businesses are gouging their customers and they're raising prices. and so i think what the government's going to do is try to prevent businesses from passing on their higher costs to consumers with higher prices. and all that's going to do is create shortages and black markets. but at some point it's going to be a real crisis. a sovereign debt, christ and currency crisis. far worse than anything we experienced in 2008 or you know in 2020, with coven. and that's when the fed is going to have to make that decision. does it lead interest rates go to where they need to go and let the chips fall where they may, which means stocks crash, bonds, crash, economy crashes, banks fail, deposit or lose money? the government to false on its obligations treasury bonds commitments to make social security payments because there's money is not there. it's impossible to finance it with with, with a higher interest rates or because the better reserve does not want to force this.

then we have hyper inflation and we just completely destroy the value the dollar. but no, those are only 2 choices. there is no easy way out of. it certainly seems like a reserve is going nowhere fast. but you know, when it comes to the officials who are involved, i know you mentioned politicians and of course they want things to look good on their record for their time and office. they want to make it look like they made a difference or they improved the american people's lives, at least as much as they want to tell you that they are doing well when it comes to the federal reserve. and more specifically, j. powell. how do you see his legacy playing out and who is he serving right now? i mean, does it all come back to the stock market? well, i think he serves biden. i think it seems like these fed chairman always work for the incumbent. and not, not only the incumbent president but the whole administration, they try to help reelect whoever's there. and i think they also have a desire to be popular. they just don't want anything bad happening on their watch

. and they're not thinking about the long term help of the economy. they're acting in the, in the short interest is very political experience, which is exactly what they're not supposed to do. they're supposed to be independent above the fray, not worry about the polls. not worrying about having to administer the bitter tasting medicine that the voters have to swallow. they haven't done that, they just kick the can down the road. they try to figure out how we can none the markets to the pain. but while the underlying condition that's causing the pain gets worse, and at this point, you know, they've kicked this can down the road for so long that they can't do it right there out a road to can to big. and you can see that now with these inflation numbers that of exploded out of control in 2021, they can no longer lie, they can no longer pretend that inflation is too low and give, and that gave them the card launch to pursue this reckless monetary policy of 0 percent interest rates and quantitative easing will. now that inflation is obviously much too high. they're out of excuses. how do they justify keeping rates low doing q e,

because they have to keep doing that to prevent the whole house of cards economy, but they erected from popping down. so they're, they're, they're, they're lying in their own bed and there's no way to get out of it. they have, they are, and it'll certainly be interesting to see what they decide to do as this year goes on peter ship of euro pacific capital. thank you. so much for your time and inside my pleasure. the global markets are continuing to react geopolitical tensions, more economic data, and well the future of policy from the federal reserve in russia. the mo acts is down by less than one percent for the week, for the majority of the week. it did seem that concerns over tension with the west . we're not affecting sentiment, but on friday the rubel slipped against the dollar and the index took losses of just under 3 percent to send it in the negative territory. meanwhile, as the effects of future sanction remain in focus debt,

or at least this week showed, the russian academy grew by 4.7 percent and 2021. the fast paced, since 2008. moving to asian markets. the shanghai composite is up 1 point one percent for the week despite recent sell off that concerns regulatory actually in china. international investors have continued to pump money into chinese markets with inflows of $16600000000.00 in january after nearly $11000000.00 in december. now as we discussed earlier in the week, consumer prices in china were nearly flat in january, while producer prices rose by just over 9 percent, but that's down from december's 10 percent increase in hong kong, we have a red arrow for the hug down by about one and a half percent taking the majority of its losses on friday as well. a sell off in my one which was ordered by the government to cut its fees, brought the overall tax index down for the week. still, investors are continuing to keep an eye on what the geopolitical tension between russia and nato allies may do to markets in the future. in japan, the ne k is also down, but by just over half a percent,

some positive news depends economy grew in the 4th quarter of 2021 by 5.4 percent on the annualized rate. this, of course, before the amazon variant was more widespread, globally private spending in the nation grew by 2.7 percent from the previous quarter, which really pushed and growth in japan. moving to india, we have a green arrow for the syntax, but by nearly $1.00, that for the week, those geopolitical tensions took its whole on the energy sector in india to close out the week, while investors way the information that came out of the meeting minutes from the federal reserve earlier in the week, suggesting easing of monetary policy is right around the corner. and as we have mentioned in recent weeks, analysts are warning that for an investor outflows could cause issues in the future . in australia, the fx is up but barely pushing into positive territory. golden energy stocks actually kept the index up for the week. the x x did take losses on friday. as major insurance provider q b e fell more than 10 percent after profit. smith,

expectations, chairs, and tech companies are also weighing on the index as well. and in south africa, the all share is up for the week inflation, south africa sho, slowed to 5.7 percent in january of this year, down from 5.9 percent. december stocks were also up on revise retail sales for december showing that they were actually more and the growth of 3 point one percent economists are predicting the nation central bank will raise rates for the 3rd time . and as many meetings. now let's go over to rachel for more from europe in the americas. thanks, brent. here we start in the u. k. where the policy is down. inflation continues to impact the nation hitting 30 year highs as it came in at 5.5 percent in january. however, as restrictions were lifted, the retail sector came roaring back, adding nearly 2 percent growth after falling in december. this as real earnings fell at their fastest rate in 8 years, driving concerns about the impact of the energy bills and taxes set to increase in april. nearby the german dax and french cap are both in the green with the cap of

over 2 and a half percent for the week. now this comes as officials with the european central bank suggest their bond buying program, could finally come to an end. in the 3rd quarter, however, the block continues to battle sky high energy prices. and now germany's foreign minister says that all options are on the table when it comes to sanctions against russia. cleaning, cutting off the completed northeastern to pipeline. let's go across the atlantic now to brazil where the evo vesa is down. severe weather continues to take a toll on the nation after mud slides north of rio de janeiro left more than 100 people dead. the nation continues to battle an ongoing recession and inflation above 10 percent. but while the index looking at real estate funds is still down 9 percent since the panoramic began the dividend yield on real estate funds is actually a 5 year hot and over to mexico, where the b v is up. now this comes is economic activity increase year over year by point 7 percent despite falling point one percent from december to january. the

bank of mexico's deputy governor spoke out this week, claiming that if the u. s. federal reserve starts to raise interest rates next month. it will set a ceiling for mexico due to the fact that he said their monetary policy can not be independent of the us. and here in the united states, the dow, the nasdaq, and the s m. p are all in the red for the 2nd week in a row, for his part, the dow dropped over 250 points on friday after thursday marked its worst day since november. kenton, with russia have made investors even more concerned about the state of the economy . and tech stocks also took a hit, leaving the losses for the s and b as an estimated $2.00 trillion dollars and options expired on friday. and finally, over to canada, where the ts sex is down, falling over 2 percent for the weak concerns. over the impact of the ongoing trucker protests in the nation's capital, have a lead lawmakers to call for an increased crackdown. after nearly 3 weeks,

police began arresting demonstrators on friday, while the government confirmed it is sanctioned at least 34 crypto wallets that they believe are being used to fund protesters and moving in next week, we will continue to keep an eye on the latest your political tension and their impact on the ongoing recovery the and if the ply jane issues haven't cause enough issues for the auto industry, a ship carrying roughly 4000 vehicles caught fire off the coast of missouri's portugal. the vessel contained cars made by porsche, audi, and bentley, and will be towed to another destination according to recent reports. and the captain of the port of port says lithium ion batteries and the bees on board caught fire and required special equipment to be put out. and this time, it is unclear whether exactly what causes the blaze now showing both are expected to arrive next week to bring the ship to another port in europe or the bahamas. it

could not be towed to the port of doors as it would block crucial trade. the 22 crew members on board were evacuated with no one hurt according to portugal, navy. now there is at least that right part, but i know when we talk about the supply chain shorter to this is the last thing they needed for their inventory to literally catch on fire. well, absolutely not only do you have an inventory issue with the actual vehicles, but the problem that this could cause, obviously now the whole region has to deal with it and getting it into out of there and into another port. as they mentioned, if they would have towed it to the port of his or if it could have blocked the crucial trade routes, there would have caused even further supply chain bottlenecks. that sounds about. right. and kind of just wraps up the last year that we have, we've seen one bottleneck after another, and it seems to be just this cascading problem that hopefully hopefully we'll get it. absolutely, and i mean, obviously distorted to it, to a certain extent was a, it could have been much worse. and luckily it was not time, not for a quick break, but when we come back,

the u. s. government is moving to regulate the crypto space as a nation has named a fresh crop of experts to get back crime in the industry as going to break here the number that the quote me ah, your eyes bigger forehead, smaller faces. all of these traits are very common and they're very indicative of are specifically within the file a genetic tree of life. and if we look at all of these traits in the context of continued human evolution over the last 6 to 89 years since we became operate walking on. and you can kind of connect the dots and see how they may just simply be us from a future time coming back into the study their own best. i 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 that point, obviously is to great trust, rather than fear i would like to take on various job with artificial intelligence. real summoning with a robot must protect its own existence with a welcome back. the u. s. justice department is stepping up its enforcement against crypto currencies. the agency has now tap

a season computer crimes prosecutor to lead its new national crypto currency enforcement team. there's a, the f b i announced it will launch a unit for block chain analysis and virtual asset seizure. now the creation of the api i is virtual asset exploit haitian unit comes after the justice department's largest ever financial seizure. earlier this month, it charged a married new york couple with allegedly laundering big coins, now valued at over $4500000000.00 that were stolen. the 2016 hack of the digital currency exchange bit linux. so let's bring in school bus, co host and crypto analysts, ben swan and christy i to discussed. christy, i want to start with you on this. what kinds of crimes will this unit be charged with actually going after? well, the new division will be called the virtual asset exploitation unit or vac. you and it will essentially conduct walk in analysis to track and seize digital funds associated with elicit activity so ill also be innovating its own crypto tools to guard against future cyber threats. as well, and in particular,

they will be focusing on crimes involving crypto currency, ransomware and digital extortion. so this is after the latest series of high profile cyber attacks last year on the largest us fuel pipeline network and the world's largest be supplier. and now the f b i currently investigating over a 100 different ransomware variance targeting cyber criminals estimated to have cause victims significant losses not going to chain. alice's scammers has stolen over $7700000000.00 in crypto currency from victim globally in 2021, which is an 80 percent increase compared to the previous year. but with all of these government entities now rapidly putting together these crypto enforcement groups, you have to wonder how successful they're actually going to be when they do such a poor job at stopping field crimes. that's still run random today. yeah, i'm glad you bring that up because i know we've talked so much about the government just trying to understand overall crypto currency and an interesting see what comes up with here. but i mean,

been that also raises the question because of the nature of decentralized finance doesn't make it hard for companies that deal with crypto to also be held accountable for the so called bad actors. or you would think that it would, right, in theory, you would say, hey, it's deep centralized, whether it's decentralized social, the centralized finance, whatever it might be. you can't really hold the companies responsible for bad actors do because they don't control crypto, right? so it seems like a logical the dmv is talking about here, seems to be focused on how do we control crypto, but you can't control crypto because it's not centralized. it doesn't come from one central place. and so the idea that you're going to be able to crack down on everyone who does something wrong, the way that they do currently through the banking systems and through established financial companies. it's very different when you're in the crypto world because you know, visa, mastercard and paper and cracked on someone. and you know, bank of america and chased incorrect on someone, but big coining as it were,

can't crack down on something doesn't work that way. but i wanted to read you something that would send us new conference. and pretty interesting. the statement was, we're calling about all companies dealing with crypto currency. we need a root out crypto currency abuses to those who do not. we will hold you accountable, where we can to those who do not help rude out crypto currency abuses. why is it the responsibility of d, f. i companies to find crypto currency abuses and to help route them out. it's not the job of law enforcement and the state makes it sound like you're going to try to make a good currency exchanges, financial it or even criminally liable if they don't help to root out those problems. yeah, that's an excellent question, especially if you're on the f b i say, and like we don't really fully understand everything that goes on with their differences, that we're just going to pass this along to the exchange is to say that they are now the ones who have to figure all this out, i guess you could look at it that way. now, christy, another aspect to this is,

of course, anyone watching the superbowl this past weekend saw an incredible number of ads for these crypto currency exchanges and tools to help people begin their journey into crypto. it seems like that journey is going to be very different when it comes to regulation and it used to be what you a bit. it's definitely no longer the wild, wild west anymore. and anyone who is starting themselves on a platform are pretty much going to find it. no different than a robin hood, a pe power venmo. when they sign up, they're gonna ask you for your name, your address, your utility bill, or social security number. all of those digital identifiers that you would expect, and this is very different than how things were just 5 years ago when you could sign up with merrily an email address or cell phone number. you could participate in an i c o 5 years ago with absolutely no identification, but all of that is rapidly changing, as all of these platforms now have to comply and they're forced to collect and keep information on all of its customers. so unfortunately for all those people are just

learning about the space, they're not really able to enjoy the pure peer to peer benefits of bitcoin the way it was created and intended to be used. they still can with the fi and all that. but that does have a bit of a learning curve to it and you really have to want to learn it. it's not as simple as all the centralized platforms with super easy u. r u x and on boarding process at all. i guess the hope here is that sometimes when the people get interested in the kind of centralized format, maybe one day they'll actually get interested in the d 5 format to learn a little bit more about it to be more independent in that realm. now bent, i should also mention that both bitcoin theory and we're down about 8 percent on friday on this news, but what else might be driving the market down? we have about a minute left. yeah, i think there's a couple of things about the way it's not just because you very him that we're down . i mean basically everyone with down across the board, whether it was so long or tara polka dot shed, i mean they were all down 8 percent. and i think there's a reason, but it's not just this crypto regulation, right?

i think it's the whole environment around crypt are right now is somewhat scary. and i think you coupled that with what is happening in canada this week in terms of the government, they're through their emergency act essentially saying we're not going to regulate crypto currency. you won't be able to raise money using tally the way that the the truckers were there. so i think there is something significant that is beginning to take place here in terms of the way that the world of crypto is due by government. and since its place becoming increasingly cornered, if you will, and, and so, you know, kristi mentioned maybe the wild, wild west is gone. but maybe also those real opportunities for crypto to really get in on the floor or something and watch it grow are becoming less the more the government gets involved and tries to make it more established. and, you know, centralized form of currency. that's what their goal and that happens sometimes anytime anything grows, boom by spend, swan and christie. i thank you both for your time and insight today. and

finally, the long awaited social media platform promised by former president donald trump has reportedly reached the 1st stage of beta testing. and around 500 people have been given the opportunity to try out the truth social app. now they say the goal is to create an alternative version to twitter after trump was banned just over a year ago. however, while his team has branded this project as a way to promote free speech, it's policies prohibit users from criticizing the platform or even trump himself a truly open format there. the better version of the platform is running a few months behind schedule after it was promised back in november. and after the fcc announced it was investigating the trump media and technology group and had spec merger in december. as for when it will be released, the public. well, the team now says that's gonna be sometime after march is interesting because they keep pushing this date back more and more. we know that there's an investigation. i mean, there's so much going on with this platform and it hasn't even officially been launched

yet. i, you know, and i'm not, i don't want to rally on irell on trump as many people like to do, but i'm not quite meeting a promise here. is it is not exactly out of characteristic for trump business ventures, as we've seen in the past. and it is also notable to that they are putting this app on the app store. now the question becomes, when is it going to be removed by apple by google? because that's the biggest thing obviously that we've seen with a lot of this crap down, especially on trump himself, is that you have those major tech companies that have the full control over it. at the end of the day, i guess it just matters how many users they given the ad there, but that's it for this time you can get both on demand on the portable tv app available on smartphones and tablets. the google play in the apple app store by searching portable tv. portable tv can also be downloaded on samsung, smart tvs, and roku devices, or simply check it out. affordable dot tv will see you next time. mm hm. in

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a, it was over to one of the muddy ma calendar. i'm all chill now to go to lunch. oh . 1 better my survival guide is like, well, it's stored at the federal reserve, are you sure it's still there or you don't forget about it? oh no. what with came we get the rest the 7 years. so with this every year, what kind of report? talking head cross purposes, this is that the heart of the west narrative claiming russia plans to invade ukraine. from the russian perspective, ukraine is a symptom of a much larger issue. nato's relentless drive. east, where there is a solution,

though. security for all ah, the self proclaimed a republican rogowski hit by 2 powerful explosions, the latest blast in the eastern ukraine in the past 24 hours after a vehicle earlier blew up in the center of don. yet another self proclaimed republic and with the same york are led to put your mobile phone in between your work, where you live on both gun scan done. you can start a mass evacuation of civilian to russia saying people's lives are at risk due to ukrainian army showing the 1st bosses have already crossed the border and rushes foreign ministers.