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tv   Boom Bust  RT  February 22, 2022 1:30pm-2:01pm EST

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he'll the survivors and respond does have increased rates of cancer and other health issues due to the dust and chemicals they inhaled. coming in to get my blood cleaned out. the, the metals a lot of blood and cutting in like what, in terms of 1st responder was that was well over a 100001st responders in like there was some estimates that tend to 20 percent still have a cheese full recovery. it's my life. but i cherish of minute i have been friends, i thought i was home before this really homeless. you depreciate life with
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this is been by someone business or you can't afford to miss. i'm rachel, a bred to bore in washington here that we have coming up rock to move to recognize, to break where regions is independent from ukraine, a mit breadth of thanks is from the us. and you will discuss the latest flaws. the federal reserve has moved to ban its members from trading stocks and even crypt joe, in an effort to crack out on corruption the most top breast will take a look at whether the new rules will have any impact. then you're a 2nd on the recovery, is roaring back in the face as storing inflation later on will analyze the performance of both the u. k and the e u. i tension between the 2 sides. continue. we have the tax there today. so let's get started and we leave the program with the international reaction as russia moved to recognize the dynamic and lu gans people's republics, nearly 8 years after they declared themselves independent of ukraine. ahead of the announcement, the mo, ex tumbled 11 percent mark. it's
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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 and agree 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, prohibit new investment trade and financing by us persons to from or in the regents . johnny has not adjust is blue bus co host an investigative journalist. then,
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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 as you just mentioned, gin, saki, insane. on monday that already the biden administration is going to sign the executive order that essentially issues 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 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, obviously is whether or not they're going to be um, sanctions issued against russia itself. consider fact that already over the weekend,
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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 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,
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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 must 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 doesn't mean they send troops and tanks into these regions because the bad happens, obviously the u. s. and they would see that as you know, russia invading ukraine or violating somehow they call it ukraine's sovereignty and territorial integrity as they like to say. and so 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. what they're essentially saying is, punish russia for,
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for what for not immediate. 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 u. k prime minister boards, 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. powder, at this point? that's essentially what it is, right? so the u. k saying they wouldn't be able to trade in pounds or dollars. and then
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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 system. now, for viewers of the show, you guys have heard this term a lot lately, right? the swift banking system. we talk about it 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 happened 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 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 russia. awesome. that's where system,
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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 russia is 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, if you were allowed to be a part of nato, which nato was so far, said they don't want you to be a part of nato. and the u. s. has not said that they with back that are support that in any way. and that's why it's so bizarre, 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,
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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 they, though, seems it seems that their only role in the world is to kind of inflict and control and minimize rush. 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, 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 and kind comment that was made that
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20 years ago, russia wanted to be a part of nato. obviously it didn't happen. and today, nato in town is 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 by spence, when you so much recovering this story all day and i've been working overtime. 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, 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 setting fed policy in the wake of the pandemic. the
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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 eyes 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. so joining us now to discuss all the way this is david tall, president of protein capital david, it's 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, 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
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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 . 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
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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 say, 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, the actually able to move quickly and put these new rules into place while congress, it took the leader 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
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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 that they receive and named best. and again mancy pelosi has made incredible amounts of money. mitch mcconnell, as made incorrect, he and his wife have been incredible amounts of money. frankly, you know, investing in particular stocks. 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 governments 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, 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?
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right, so i think that the, the, the call from crack in and the concern that currently going on in the crypto sphere, 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 crypto currency is supposed to be a board list, permission lists, type of, you know, transfer a value. and the fact that now governments are essentially saying there are certain
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policies that are like, you're not doing the things that are appropriate. it 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 daycare, david tall person capital. thank you so much for your time and insight. thank you. and bathing just now that will sanction to 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 cited it's a new anti for infections law, which was created as a response to us sanctions. now this march, the latest, and the continued tension between the world's 2 largest economies. while us argue
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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 sorry, which sees taiwan as part of china. and is therefore a threat to national security. u. s. arm sales to taiwan and china seriously violates the one china, principal and visions of the 3 china us joint communiques, especially the august 17th to communicate seriously undermined china sovereignty and security interests. damages china, us relation and peace and stability in the taiwan century, trying to formally reject and strongly can. and this is interesting because we've seen these tensions over taiwan rammed up specifically with the trump administration. then you would find and you came in, i think was very critical of the way that trump handled these issues. 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
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new, you know, sanctions act which they took action on through this little 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 that all goes from here and time, not for a quick break, but when we come back, europe in economies are roaring back after a brief in lockdown measures will bring you the latest figures from the large, the economies on the continent will be right back me when i was shot the wrong when i was just don't the room. yes. to fill out the thing because the after an engagement equals the trail. when so many find themselves worlds apart and we choose to look for common
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ground, the coin is on its own vector, right? so that vector is going in a direction that is not. but obeying the classic 2 party system or the classic cartels, whether it's the 14 families and our salvador or the 12 member banksley central banking system, here in the us or any of the other, a 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. 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. the
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welcome back. economic activity in the euro zone for february grew at its fastest pace in 5 months, as many nations in the block pulled back restrictions meant by the spread of the arm across the very end of cobra name team. i just markets flash composite purchasing managers, index, generally speaking as a measurement of overall economic health surgeon, february to 55.8 from 52.3 in january exceeding analyst expectations. and as a reminder, any number over 15 marks economic growth. the data also shows strong growth in the services sector, while manufacturing pm i did slightly but still remain strong. meanwhile, the u. k. so the private sector rebound from it's on a crowned woes with the composite p. m. i jumping to 60.2 in february from 54.2 in january, summer to the new britain services sector helped push things up, increase spending on travel, leisure and entertainment, also contributed according to the market. but despite strong growth,
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the 2 sides are still locked. in post braxton negotiations over the so called northern ireland protocol, 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 obstruct 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. after the crown barrier 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 actually am inventory
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level help because there was so many concerns as to like check from the e u l. the board of crisis issues that the e 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 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 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,
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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, this rebound the 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 that you brought for just italy, which is way a lot of that was due to the huge come on component of the tourist in tourism industry in also germany. actually the auto industry that has been sort of bone and spent the german economy as volkswagen. a g announced that they had the slowest growth in 21 over a decade. and 5th of their workforce was furlough during december. they've actually predicted the to, to the ship shortage and that dependent always be on ship. the growth is going to be slow right through the whole end of the 1st half of 2022. so germany is really
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suffering due to the massive dependents, i think on the auto industry versus the u. k. all the facts, as i mentioned before with a foster parents who want to have breakfast quick before we go, hillary, because, you know, obviously the negotiators are saying they're kind of at a stalemate right now, and neither good nor bad is happening and also lives trust without saying they need to get this deal worked out so that way both sides can really focus on geopolitical tension. like what we're seeing with, with russia and nato, and it kind of raises the question. does that put into question what lives trust his role is as both the board secretary and the chief rec negotiator, and unfortunately i have about 30 seconds left to go. are you doing both? i'm? she's recently stretch, but also don't forget to be careful with buying because obviously buying going back with 870 woodson island though he's really concerned about like this friday agreement. i also would say so back he, they, it's, it's all the customs restrictions. they've predicted that they will cut the restriction all the tracks down from 80 to 30. that still is yet to come. and they
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want all these, all these tracks because they say it's due to risk management. those check what holding up the agreement in terms of the customs and the hillary. thank you so much for breaking it down. we'll have you back soon. yep, pleasure. and finally, crypto and through vs has been emboldened in recent years, and there is no greater proof than a decentralized autonomous organization trying to raise money to buy the nfl in denver broncos. now, as we have talked about in the past, a doubt can be thought of as a democratic group of individuals acting together without a single entity in charge. does essentially use the 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, so it's hard to say how much they will actually be able to raise and whether they
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would be approved by the nfl and 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 a team ceo or something like that would be interesting to see how they all vote together to decide who to actually hire. i think this could get very, very complicated book to do to follow this because this is very fascinating story. and that's it for this time you can get boom bus on demand in the portable t v f. find it at portable dot tv will see next me
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it's been 30 years since the soviet union collapsed in miss got a lot of literature on the water pump. nuclear, you know, talk, so shown where you also trust them with all of them. ukraine was one of the independent states that emerge from the ruins of the super bowl or somebody would you also get on the ball greens? come on board, surely confusing semester yet, and less new lucian, west india, better. one more law, a helpful watch of the past 3 decades been likely ukraine. eye witnesses recall the events. this would be more or less of judiciary with what i knew. so now with that order, i'm not sure, but i did that for months with no idea what else? what other forces were at play? you have to do so to me. show see engine mushy in you. on the kid what it,
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i'm going to consume. many of the shows up in the most of the versions, or at least take a look at ukraine, 30 years out the gaining independence dog with unless, unless you mean, like unity retorted mostly will. but a will. it could be issue last williston holding still problem with
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oh, more than 20 years apart since one of the world's deadliest terrorist attacks that took thousands of lives. people started to scream. there is a wave that came up for us. that was like opening up an oven door, but not all wounds of heel. the survivors and responders have increased rates of cancer and other health issues due to the dust and chemicals they inhaled. coming in to get my board cleaned out, the metals, the payment model of the law, the blood in my blood, in terms of 1st responder was well over a 100001st responders. and there were some estimates that 10 to 20 percent still have to yes. so we have a cheat full recovery. it's my wife. cherish of the minute i had with family
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friends. i thought i was humble before this really humbled you depreciate life. ah, russian lawmakers give the green light to send military forces abroad offer requests on the president about him a boot and though says he has no immediate plans to use that authorization. and the newly recognized that don boss, republics, comes off to president putin, recognizing it by themselves though not scan lugens republic. supposing to ensure peace in the region, he is to realize i'm certain we haven't been abandoned and that we have a future. we greeted the knees with tears and we are happy, at least there will now be order. the bombings will stop and people will be able to lead normal lives or sold it. the better to put on a bullet proof vest before thought working. we are now waiting for the red cross to
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who are going to deliver water. thank.

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