tv Boom Bust RT February 22, 2022 1:30am-2:01am EST
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but now that moscow has decided to deploy peacekeepers to the newly recognized peoples republic, sub lugens can done yet, they may soon be able to return home. many thanks. joining us here are naughty international this morning. i will be back at the top of the hour with the latest in the meantime. we can keep an eye on all the latest updates by taking the website . oh ah. to what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms race is on, often very dramatic, that development only personally and getting to resist. i don't see how that strategy will be successfully, very difficult time. time to sit down and talk with
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they been by someone goodness or you can't afford to miss. i'm rachel blevins, that are bred to bore in washington here that we have coming up. rock to move to recognize, to break wave regions is independent from ukraine. a mid breadth of thanks is from the u. s. and you will discuss the latest flaws the federal reserve has moved to bay and its members from trading stocks and even crypt joke in an effort to crack out on corruption among the top brass. we'll take a look at whether the new rules will have any impact, then your 2nd on this recovery is roaring back in the face of during inflation. later on will analyze the performance of both you k and the e. u. as tensions between the 2 sides continue, we have those packed here today. so let's get started. and we leave the program with the international reaction as russia moved to recognize the dynamic and lu
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gans people's republics. nearly 8 years after they declared themselves independent of ukraine. ahead of the announcement, the mo x tumbled 11 percent thing, it's a worst day since russia annex crimea, back in march 2014. now this move increases the possibility that nato allies could move toward announcing new sanctions against russia without an invasion, even taking place with the u. s. foreign policy chief saying on monday, quote, if there is recognition, i will put the sanctions on the table and the ministers will decide. there has also been hopes of more direct talks between the u. s. president joe biden and russian president vladimir putin. but while the white house said in a grip, it agreed in principle to a meeting, the kremlin said, there are no plans yet. for a summit, secretary of state anthony blanket said on friday that any move to recognize the dumbass region would necessitate a swift infirm response from the united states. while white house press secretary, jeremy saki on monday, said the president would sign an executive order that will quote,
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prohibit new investment trade and financing by u. s. persons to from or in the regions. joining us not just is blue bus co host an investigative journalist, then swan, i've been let's start with the broad here. what's the impact of the move to recognize these regions as independent? calling the impact is pretty large so far. i mean, obviously what we're already seen is you just mentioned gin, saki, insane on monday that already the, by the ministration is going to sign the executive order that essentially issue sanctions on these regions, right? remember, as you guys and lead up here, these 2 regions declared independence about 8 years ago, back in 2014, around the same time of crimea. they're not saying they're a part of russia they use. they're just saying they're independent. but because russia and russian president vladimir putin said on monday that he also recognizes that independence, then the biden administration is going to issue sanctions against the people living in those regions. so that's already a huge step. but the next step for all of this,
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obviously is whether or not there are going to be a sanctions issued against russia itself. consider the fact that already over the weekend, the president of ukraine zelinski was already asking the, the west, specifically the united states and nato countries to put sanctions on russia. he said before they invade ukraine, writing says don't do it after the fact do it before he was already calling for that. so in light of everything that's happened today, i suspect that we're going to see stronger talk coming from the administration. stronger talk, coming from the by the ministration and not just talk, but i predicted this week they will probably go ahead and institute some of these sanctions, specifically against russia itself. not just these 2 regions. yeah, it's interesting because up until this point we've heard from the binding ministration, where it's saying don't invade. if there is an invasion, then we will act and they keep using that term almost as their red line of sorts. so what is the significance now that the buying and ministration is coming in and
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saying, hey, we're taking additional steps in addition to what we would do if they invaded. i mean, what is the significance of all of that as far as russia and ukraine is the well, it's, it's very significant. i mean, in consider the fact that russia hasn't invaded anything at this point. now what we don't know guys, and let's be honest with us. we don't know what this decision ultimately means. obviously, you know, the president putin has called for a vote on recognizing these 2 regions as being independent. and if, if the rest of the country does recognize that right at the rest of the government does, then what is the next step? does that mean that russia simply supports financially these regions? does it mean a sin troops and tanks into these regions? because of bad happens obviously the u. s. and they would see that as, you know, russia invading ukraine or violating somehow, as they call it, ukraine's sovereignty. 7 and territorial integrity as they like to say. and so
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that's a huge possibility. but right now what we know is that, you know, obviously with ukraine asking for the us to do something in advance. but they're essentially saying is punish russia for, for what for not invading you for having not invaded you yet. if you punish someone prior to an invasion, what would be the point of them not invading that the point of, of punishing them according to the united states is to exact some kind of consequence for crossing the border or coming into ukraine. but if russia hasn't done that, why would you institute in advance some kind of sanction against them? it's almost like a pre crime. so it doesn't really make sense to do that, even though ukraine has been calling for this. it wouldn't make sense to do that at all. those situation obviously has been bizarre from a lot of the calls that we've seen now. then we've talked about the us part of this is, but u. k prime minister boris johnson said that a russian invasion of ukraine would lead to sweeping economic sanctions on russian companies. is it correct that those things would essentially prevent them from trading in the us dollars and u. k. pounds at this point?
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that's essentially what it is, right to the u. k, saying they wouldn't be able to trade in pounds or dollars. and then let's talk about what the united states wants to do. so it seems like it's kind of been lead to what the u. s. is looking at doing sanction wise, is they would essentially try to block any kind of corresponding actions with russian banks. and us banks essentially, meaning they're gonna cut russia off of the swift swift system. now, for viewers of this show, you guys have heard this term a lot lately, right? the swift banking system. we talk about quite a bit. that is essentially what the, by the ministration is indicating that they're going to do that if they're russia, invades ukraine or now possibly as a result of even recognizing these 2 provinces. what we might see happen is the u. s. attempting to cut off russian banks from access to the international system, the swift banking system. and that, of course, brings us full circle back to the conversation that we've had so many times on the show about crypto currencies and block chain. because the reason the russian
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central bank was told to go ahead and reassess its position on crypto was precisely for this moment because of the fact that the u. s. clearly is saying that their goal is going to be to cut awesome. that's where the system, how are you able to then bank with the rest of the world? how are you able to have transactions with the rest of the world? it appears that rushes leaning into crypto currencies and bitcoin, specifically for that purpose, which it does pretty well. yeah. now another piece to this whole puzzle has been nato and specifically nato membership. and we know that the lens he has called for, that he said that that's something that he wants for ukraine. but of course, at the same time, russia says that that is their red line is for nato to officially add ukraine as a member. so where does all of that stand now and could you see a bigger push to make ukraine a part of nato? we've got about a minute. last yeah, well listen if, if you were allowed to be a part of nato, which nato was so far said they don't want ukraine to be a part of nato. and the u. s. has not said that they would back that are support that in any way. and that's why it's so bizarre,
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the fact that nato won't just come out and say, no, that's not going to happen. or the u. s. will just say, you know, that's not going to happen, because privately they'll say, we don't want you to be part of nato. but when russia called for it, they say, well, we can't promise you anything. it doesn't make any sense at all from a strategic point of view, but does this speed up that process perhaps? but in theory, even if you were to become a part of nato, that's a years long process. you don't, you don't do that quickly. and. 8 so the idea that that would happen now suddenly quickly, really doesn't make sense. is it a red line for russia? obviously, it's a red line for russia because russia is simply saying, we're not going to have nato right on our border when nato seems, it seems that their only role in the world is to kind of inflict and control and minimize russia. last thing i'll say about nato that came up, you know, i thought guys, i thought the most interesting thing that was said today in that whole news conference with black recruitment, he made a comment about it back in 2000 that he actually approached bill clinton at the time and asked him about russia joining nato, and that clinton's response was that,
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that probably wouldn't happen. and the reason it wouldn't happen is because they like to really focus on smaller countries that they can control, which obviously ukraine is a great example of that. but what's interesting of comment that was made that 20 years ago, russia wanted to be a part of nato. obviously it didn't happen. and today, nato and town it's new prevents in once again, trying to restrict and control and possibly even start a hot war with russia. it's pretty interesting and boom, but then when you so much recovering the story all day and you've been working over time. thank you. so much you got it and better reserve officials are facing a new set of rules that will go into effect in the coming month, which will prohibit them from trading stocks, bonds, and even crypto currencies under a new set of restriction central banks as the new rules are their way to support public competence in the impartiality and integrity of the committee's work by guarding against even the appearance of any conflict of interest. now the fed moved act after regional presidents, eric rosen grant of boston,
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and robert caplin of dallas announced that they were stepping down from their positions back in september after they were caught making millions of dollars and stock trades in 2020 while also settings that policy in the wake of the pandemic, the pressure has been on for congress to do the same with how speaker nancy pelosi now claiming she would support new restrictions that would also directly affect her . as for the crackdown on crypto. well, that's happening all around with the ceo of crack in calling on users to get their money out of centralized exchanges. because when the government does come knocking his company will be forced to comply to joining us now to discuss all the way this is david tall, president of protein capital. david is great to have you on the show today. now let's start with these latest regulations from the fed. what do you make of these new rules and the fact that crypto has been added to this list. first off, it's about time. anybody that's ever work that a large bank in this country, or at a law firm, or any sort of, you know,
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large institution that may have access to private information. i'll companies has some restriction and some gatekeeping with respect to trading inequities in debt and so forth. particular companies, so frankly, it's about time that the fed go ahead and get in line, and frankly, congress should be there as well. congress even more so frankly, being the body that makes up laws that can incredibly impact the bottom line for many companies and their futures may go ahead and regulate them out of existence in some instances. so certainly, that's, that's, you know, without question. this has to happen and it has to happen yesterday with respect to crypto criptos being thrown in along with every other asset class as part of the kitchen sink, which includes not only stocks and bonds, but you've also got derivatives. you've got commodities. so frankly, since crypto is in the news, it's running center, it's an investable product, throw it in there. frankly, it doesn't matter to me. i don't think that there are going to be many lawmakers or
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. ready you know, federal reserve members that are going to go ahead and make market making moves. but until now to go back to the 1st point. there has been oodles and oodles of money that has been made. i'm sure. with some material mom, public information that has been met very clear to legislators upon which they've probably gone ahead and, you know, bought and sold securities and david fisher's day, because you actually mentioned that whole aspect of congressional members. and especially when you have things like an economic recovery, like we saw in 2008 where they were basically telling companies, this is what you have to do to get out of this will help you out. a lot of congressional members had all that knowledge and of course, as we mentioned there, nancy pelosi just recently within the last several months, she said, hey, it's the free market. why should we be able to trade stocks? well, because you know what's actually happening here. so what do you make of the significance of the fact that the fed actually able to move quickly and put these new rules into play while congress, it took the leader
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a couple of months even come around. the idea that this might actually be able to get done not to mentioned, we know how slow the wheels of congress move because i think federal reserve members are in this for the academia a and be in it for the public service. i think the legislator is probably go ahead and make pretty hefty any of their total overall savings out of trading. to be honest with you, they probably take a lot of their cash and they receive and they invest. and again, nancy pelosi has made incredible amounts of money. mitch mcconnell has made incorrect, he and his wife had made incredible amounts of money. frankly, you know, investing a particular spots. i don't think they've been investing in particular stocks blindly. the problem we've been led by what it is that they know and what it is that they're planning in terms of legislative activity. yeah. and now when it comes to sort of the government's ongoing crackdown on crypto, i know we heard from the ceo of crack in there. he was saying, hey, get your money out of the centralized exchanges. because when the government comes,
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we're going to comply with those orders. do you see this kind of crap down that they've been teasing going forward in a big way over the next year? right, so i think that the, the, the call from crack in and the concern that is currently going on in the crypto sphere, which is, which is very high. regarding privacy and public identity and crackdown is really the confluence of what you spoke about with what's going on in canada on the border and the supply chain with the truckers. that the canadian government has essentially been able to go ahead and shut down a bunch of crypto counts associated with those truckers so that they should not receive any sort of help and support in the form of crypto currency. and this is a big no, no, for the crypto community, even for those people that are not wildly rabid libertarians. but the fact that
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crypto currency is supposed to be a borderless permission list. type of, you know, transfer a value. and the fact that now governments are essentially saying there are certain policies that are like, you're not doing the things that are appropriate and may not be illegal by the way, but it's not appropriate. and therefore, we're going to go ahead and crack down on you and use your grip to go ahead and crack down on you. that is a big alarm to the industry and a lot of concern. and certainly i think that you see of cracking is not going to be the only voice out there on this. certainly a lot of day care, david tall person capital. thank you so much for your time and insight. thank you. and beijing just now that will sanction 2 of washington's top defense contractors, raytheon and lockheed martin once again. this time over 100000000 dollar deal for the 2 companies to help maintain timelines missile defense system. previous sanctions against the companies were announced in 20192020. but this time china
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cited its new anti for infections law, which was created as a response to us sanctions. now this marks the latest and the continued tension between the world's 2 largest economies. while the us argue that has the right to sol, taiwan, millions of dollars in weapons under the 1979. taiwan relations act, while making argues at washington is in violation of the one china policy which sees china as part of, i'm sorry, which sees taiwan as part of china and is therefore a threat to national security. us arms sales to taiwan and china seriously violates the one china, principal and visions of the 3 china us. the joint communiques, especially the august 17th communique seriously undermine china sovereignty and security interests. damages by china, u. s. relation and peace and stability in taiwan. 3, trying to formally rejects and strongly can and this is interesting because we've seen these tensions over taiwan ramped up specifically with the trump administration, then you at biden, you came in and he was very critical of the way that trump handled these issues.
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but now we're seeing him continue with the same sanctions continue with the same measures, not really pull back on anything. and it's notable to see how beijing included this new, you know, sanctions act which they took action on through this. so it'll be interesting to see if it has any kind of an impact this time around. oh, absolutely. and when we see this, we always see there's going to be some sort of response from any major economy. they can do something like that. so it will be interesting to see where this all goes from. absolutely and time now for a quick break. but when we come back, european economies are roaring back after a brief in lockdown measures will bring you the latest figures from the largest economy on the continent. will be right back with the coin is on its own vector, right? so that vector is going in
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a direction that is not obeying the classic 2 party system or the classic cartels. whether it's the 14 families and al salvador or the 12 member banksley central banking system, here in the u. s. or any of the other cartels of power cartels, it's on its own vector, it's going in the same direction and it exposes a lot of these cartels. and i think while we're seeing and in canada, for example, as the result of these money printing, central banks have destroyed society and without big coin, they wouldn't be obvious. i look forward to talking to you all that technology should work for people. a robot must obey the orders given it by human beings, except where such orders at conflict with the 1st law show your identification. we should be very careful about artificial intelligence at the point,
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obviously is to create trust, rather than fear i would like to take on various jobs with artificial intelligence . real, somebody with a robot must protect its own existence with a welcome back economic activity in the euro. zone for february grew out. it's fast, his pace in 5 months, as many nations in the block pulled back restrictions meant to fight this brad of the arm across varian cove. at 19, i just markets flash composite purchasing managers, index, generally seen as a measurement of overall economic health surgeon, february to 55.8 from 52.3 in january exceeding analysts expectations. and as
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a reminder, any number over 15 marks economic growth, the data also showed strong growth in the services sector. while manufacturing pm, i dipped slightly but still remain strong. meanwhile, the u. k. saw the private sector rebound from it's. i'm a crown woes with the composite p. m. i jumping to 60.2 in february from 54.2 in january, summer to the u. britain. services sector helped push things up, increase spending on travel, leisure and entertainment, also contributed according to i just market. but despite strong growth, the 2 sides are still locked in post braxton negotiations over these so called northern ireland. recall joining us take a deeper look into the numbers and what the future holds for the 2 sizes hillary forward board member with the british american business association and president of straw mark business development consultants. hillary always a pleasure to have you on. i want to start with these economic figures coming out, what's really pushing this recovery from the u and u. k,
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after the cranberry will pleasure back to you again, brenda and rachel, couple of things here are actually the massive monetary and fiscal stimulus package that the u. k government quickly and that to quickly relate in response to the variance that is actually credited naturally about 20 percent of the u. k. g d p. that was one of the largest stimulus packages in the entire world. and as i mentioned mentioned, it was rapid. in addition, the high vaccination rate, again the n a that was a very rapid rollout of those nations. and also actually i was actually bricks that inventory level help because there was so many concerns as to like check from the e u l. the border crisis issue that the you with very well stopped with a huge backlog of in, of inventory. and that actually help for those 3 factors combined, as well as actually pull donovan and he's the to the point of mr. u. b. s wealth management. and he said it also shows on the come, really had people prepare versus other people were able to adapt from
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a pretty than any other of the kobe barrier. right? we know that anytime they hear that there's something about any kind of new variant that obviously creates a lot of concern and then a lot of preparation as a result. now when it comes to the comparison that everyone is doing between the u . k. in the you, is there something to the fact that the u. k. is seeing better economic activity then the you or is due to varying restrictions put in place throughout the block right now? when a couple things actually that rachel watches a bit of both. but i would say the u. k. certainly has, haven't had the profits rebound on the figures that you just mentioned earlier on the intro. prove that a couple of things here. the 2nd one was, this is the fastest rebound case ever had. and i think that's where she to not be charge of the extraction, said the u. k. is the fastest growing economy of the g 7 it was, and it's predicted to be also in $22.00. now this is in contrast to companies in
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that you brought for just italy, which is wait. a lot of that was, was due to the huge come on component of the tourist in tourism industry in italy, but also germany, actually the auto industry that has been sort of a backbone and the strength of the german economy. as volkswagen. h a g, i announced that they had the slowest growth in 21 of over a decade. and 5th of their work force was furloughed during december. they've actually predicted that due to the chip shortage and they're dependent obviously on chips. their growth is going to be slow right through to the whole end of this 1st half of 2022. so germany's really suffer due to that massive dependents. i think on the auto industry versus the u. k. all the fact, as i mentioned before with their phosphoric. now birds were on her on breaks a quick before we go hiller, because, you know, obviously the negotiators are saying they're kind of at a stalemate, right? is mouth neither good nor bad is happening and also lives trust was out saying very, to get this deal worked out. so that way both sides can really focus are
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geopolitical touch of like what we're seeing with, with russia and nato. and it kind of raised the question, does that would have been the question, what lose trust is role is as both the board secretary and the chief brackson negotiator and unfortunately about 30 seconds left miller? yes. she's doing both. i'm. she's very thinly stretched, but also don't forget to be kept with bite because obviously biden's going that was $1870.00 wooten island, though. he's really concerned about my good friday agreement. i also would say marius, so that he, they, it's, there is all the customs restrictions they've that predicted that they will cut the restriction. all the checks down from 80 to 30. that still is yet to come and they won't, will. these are all these tracks because they say it's due to risk management. those checks are what's holding up all the agreement in terms of the customs and the chief. hillary, thank you so much for breaking it down. we'll have you back. so yep, pleasure. and finally, crypto enthusiast has been emboldened in recent years, and there is no greater proof than
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a decentralized autonomous organization trying to raise money to buy the nfl in denver broncos. now, as we have talked about in the past, dow can be thought of as a democratic group of individuals acting together without a single entity in charge. does essentially use a block chain to track and validate participation in the organization. now this group made up of a mix of attorneys software developers, and even pro athletes is looking to raise more than $4000000000.00 to purchase the team the by the broncos. dow won't officially go live until the 1st week of march. it's. it's hard to say how much they will actually be able to raise and whether they would be approved by the f l. m, the elite group of current owners to actually get involved here. now i was raised by my dad as a diehard done rebrand fan. so this would be a big deal for them, but as you mentioned there, i mean, is there any indication that the nfl would even allow that? i mean, if you think about the number one, i know that groups can get together, but i think there's like a centralized ownership. so if they're trying to pick
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a team ceo or something like, that'd be interesting to see how they all vote together to decide who to actually hire. i think this could get very, very complicated. we'll continue to follow this because this is very fascinating story. and that's it for this time you get boom bus on demand in the portable tv app. find it at portable dot tv. see next me. ah, it's been since he is since the soviet union collapsed. got a little chill on to work upon. so show me your for trust them went to ukraine, was one of the independent states that emerged from the ruins of a superpower. awesome. what would you also get on the greens come a little and michelle confusion. huh. yeah. can last new lucian, west. a
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finisher. oh, it does show a helpful watch at the past 3 decades. like for ukraine, eyewitnesses with cool li events. this would be more or less so judiciary, affinity, deficiency of chipotle. what i knew more about that order? i'm not sure, but i told them once with modern windows and what other forces were at play, you have to do so to whom you show in sure machine, those them you problem the kid. what it would occur when you did the shows up in the ocean jordan east. take a look at ukraine. 30 years out the gaining independence dog with farmers from last year unless you mean yeah. with unity retorted mostly will. but a will. it could be issue lush will still holding. star
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wars in 20 years have passed since one of the world's deadliest terrorist attacks that took thousands of lives. people started to scream, they would waive that chemo for us. that was like opening up an oven door. not all wounds of heel, the survivors respond does have increased rates of cancer and other health issues. due to the dust and chemicals they inhaled. i come here to get my blood cleaned out . of the metals, a lot of blood in my blood in terms of 1st responder was well over a 100001st responders in there were some estimates that 10 to 20 percent still have to yes yeah. but the chief with, i thought i was home before this really home as you
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depreciate life with fireworks cheering and joy. and don't boss lot of my pearson recognizes the independence of the donnette and look down to a public saying goal. so that measures that being taken to ensure peace in the reach, it comes to me ongoing shelling across storm bath, well local to staying close to bomb shelter. the un security council convened for the emergency session of the decision to recognize the republic with russia then boys dressing that must go on for a diplomatic solution to the ukraine crisis, but will not allow a glove off. in the west though, appears more concerned with punishing russia. thank it's recognition and peacekeeping mission violate international.
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