could be something else and we're going to states essentially a speculative attack on these central banks so the central banks have overplayed their hand and now they're inviting these huge pools of capital to openly attack them and now this is rippling through the financial world and right dahlia is the biggest test for the world and he's saying look there's no point in owning a bond so others are saying look this could be the end of a 40 year bull market in bonds if you're only going to get 1.6 percent nominal yield on a bond and inflation is racing ahead in the real rate of inflation remembers 10 to 12 percent not the one to 2 percent that the government says it is that's that's a lie is provably a lie so why not borrow at a one percent when you know based on the just the minimum amount of inflation in the economy 10 percent you're going to make a 1000 percent on. money by just borrowing against the fed by attacking the fed who's not going to take that's right he's also playing the players i am the other players in the market are going to be all these people receiving all this free money

crisis in the markets which will be responded to by another massive purchase of bonds by the central bank so imagine 6 trillion here on here printed in the last 12 months and we know that sense 2008 there spend 17 or 18 trillion or more printed to try to keep pace insolvent banks up and running so how much can they go where as any limit can they go 3040 trillion worth of sculling well you're running into a bit of a problem with the dollar here max you know the dollar is a heavily shorted instrument right now it's all one sided treat and like i said if you see change year note rise and he's the benchmark treasury charge you know as my proxy for long term interest rates if it rises quickly it intensely into interation between now and in june you might see a collapse in equities worldwide which always leads always to a search of money coming into the dollar as they repatriate those carry treats. and it will lead to a boom in prices for bonds so you'll see a huge reflex where 5 year old skyrocket bond yields bond yields charts i reckon prices collapsed and then you see the reverse of that trade

latest round of stimulus checks hit the bank accounts literally started to soar so it is that acting as that bond vigilantes that used to exist before the central banks crush them or the gold bugs gold piece to rise whenever this sort of thing happens but now it's just between is the only one and you know in terms of a crumbling empire you know if you look back through history you often see well the bread and circuses so we've had circuses for the last 40 years and now they're getting the bread right all the free stimulus has been thrown into their bank accounts that's the 1st time we've seen that sort of stimulus happening in america since in our lifetimes like you've never had like thousands and thousands of dollars just poured into you know i have a lot of family with thousands of dollars that they never had just being poured into their bank accounts but at the edge of empire is where you start to see the you know the movements away there you know they're safe distance away and they start they start exiting the dollar or preparing for you know the collapse of that central currency or the power structure and i saw this headline from south kor

he was sentenced in absentia because these forces loot said local branch of the west african central bank so it remains to be seen whether he'll serve that or whether he'll be acquitted from that as a sort of token gesture so that peace can can prevail all right tony as ever thank you for that. and it's take a look now at some of the stories making news across the continent a military units tried to see it tried to seize the presidential palace in the capital mia me early on wednesday in an attempted coup but the government said it was pushed back and that order has been restored to be hostilities just days before the historic inauguration of mohammed as president. and was a big defense ministry has deployed more troops to the town of how much you try to regain control of the area following an attack by islamists that souls dozens killed last week tens of thousands of people are also fits to have been displaced off to the insurgents invaded by the towns is that. today the global community of transgender people is marking the international transgender day off visibility in the western world t

he was sentenced in absentia because these forces loot said local branch of the west african central bank so it remains to be seen whether he'll serve that or whether he'll be acquitted from that as a sort of token gesture so that peace can can prevail right tony as evan thank you for that. and it's a look now at some of the stories making news across the continent a military units tried to see it tried to seize the presidential palace in asia's capital me a me early on wednesday in an attempted coup but the government said it was pushed back and that order has been restored to hostilities just days before the historic inauguration of mohammed as president. and was a big defense ministry has deployed more troops to the town of how much you try to regain control of the area following an attack by islamists that's all dozens killed last week tens of thousands of people are also fits to have been displaced off to the insurgents invaded by the towns is that. today the global community of transgender people is marking the international transgender day off visibility in the western world the u.s.

he was sentenced in absentia because these forces loot said local branch of the west african central bank so it remains to be seen whether he'll serve that or whether he'll be acquitted from that as a sort of token gesture so that peace can can prevail right to me as if it thank you for that. and it's a look now at some of the stories making news across the continent a military units tried to see it tried to seize the presidential palace in the capital me i mean early on wednesday in an attempted coup but the government said it was pushed back and that order has been restored to hostilities just days before the historic inauguration of mohammed muslim as president. and was a defense ministry has deployed more troops to the town of how much you try to regain control of the area following an attack by islamists that's all dozens killed last week tens of thousands of people are also fits to have been displaced off to the insurgents invaded by the towns. that. today the global community of transgender people is marking the international transgender day off visibility in the western world the us

because these forces loot said local branch of the west african central bank. soit remains to be seen whether he'll serve that or whether he'll be acquitted from that as a sort of token gesture. so that peace can, can prevail. all right, tony, as ever, thank you for that. and it's a look now at some of the stories making news across the continent. a military units tried to see it, tried to seize the presidential palace in the early on wednesday in an attempted coup. but the government said it was pushed back and that order has been restored to hostilities just days before the historic inauguration of mohammed as president . and was a defense ministry, has deployed more troops to the town of how much you try to regain control of the area. following an attack by islamists at sword's, dozens killed last week. tens of thousands of people are also fierce to have been displaced off to the insurgents invaded by the towns that today, the global community of transgender people is marking the international transgender day off visibility in the western world. the us, for exa

we've got so, we have the whole kind of green revolution driven by central bank stimulus, electric carslier in the show, i mean every single car on the road is going to be redundant within 10 years as we all shift. so the amount of new car sales is gigantic this is happening in so many areas in technology, all at the same time, and they all have massive exponential adoption curves. she is basically have all of these as her theme. people don't understand that. they are looking for price earnings ratios as opposed to massive adoption events. charles: our time on these shows are a lot shorter than your youtube videos. i wanted to give you a shoutout for the nft behind you. it looks pretty good. we'll talk to you again real soon. maybe we get pricing on that as well. >> yeah. charles: meantime, markets are -- all right. kind of drifting here a little bit. you know i got a feeling we could rally into the close. if so, what should you be buying? i have got a perfect guest to help us out. we'll be right back. ♪♪ you can spend your life in boxing or any other business, but one day, you're gonna

they just threw the idea of central bank digital currencies under the bus so like central bank digital currency is by definition are central therefore they cannot compete with because so citibank again just to another industry out of the bust yeah i mean because of course the central bankers are going to look at this threat the competitor a better competitor of bitcoin and say well how do we. x. how do we would like maybe we just form a block chain that's all you need right that's what it's all about but no it's the neutrality and the permission less nature of it censorship resistant they cause this is another thing that as you know whoever controls that system and has a dollar system right now like obviously they were pretty fair and open about it when they were the world they were outcompete everybody when we produced all the semiconductor chips and we produced all the cars when we produced all the high sag but now that other countries are are way ahead of us in some aspects well like well you know what we're going to slow your payments down that's how we ca

mean for crypto if central banks were to actually hold it as an asset well i think it's very intriguing i didn't realize that the central bank was restricted to not only because and so that was a surprise to me most the central banks can hold anything as an asset and literally anything i know that's pretty much true with a with the fed. it's a great asset for central banks you know it's it's it's probably going to hold its value there's not going to be any new money creation unlike the fake dash prices that they make which you know we're on the verge of seeing a complete discrediting of monetary policy as we once knew it so becomes a pretty good bet for for for central banks at this point so i think that could actually drive the markets higher i mean there's any number of considerations that are going to make this thing stretch and a 100000 and up probably you know before the middle of the year when final word would volatility be a problem if you were to have central banks holding crypto. well i don't think it would the central banks would prevent the volatility unless it can it was by manipulation of the market and that's never good for the market jeffrey said i di

the central bank which they use to repay these debts during peers of stress, these assets are very, very low. and once more, the central bank, it can't step in either if banks do get into trouble. so sector really needs to keep a close eye on it in the coming days and weeks. joe: in terms of the future of central bank going forward and what are we likely to see in terms of policy, on rates policy and you mention the domestic policy to insure holding of lira? jason: yes, that's a good question, in terms of bringing rates, he has been an advocate opponent, so that's the desire and given the poor balance of payment position, it's going to be very difficult, in terms of trying to get people -- inevitably there is capital controls in place, maybe not in the immediate future, but that's the road that turkey is heading down in the long run. caroline: can you talk to us a little bit more about the global ramifications of this, european banks dragged lower, day two to digest this, who else gets hurt? jason: good question, i think this is really contained to turkey. this is an idiosyncratic thing going on, i think we have seen periods so far in 2018 where there were some hits to other curre

government and so he spent you know credit stimulus from the central banks or money given to bankers who then don't circulate the money and that's why we've had the money so velocity collapse in that same time of this this this huge surge in deflation assets deflation was remaining while banks just the wealthy the financial system hoarded all that credit they didn't spread it to the ordinary person now it's spreading to the ordinary person they're having air drops in their bank accounts almost the hope quarterly at this point but soon they're hoping many in congress are hoping it'll be monthly or even weekly that people will be getting like $2000.00 a week which of course is like far more money than me. most of the world makes but here and far more money than the rest of the world makes actually going out and working really hard in a factory all day manufacturing all the goods that we're buying whereas you know basically they just want to pay several times the global average salary for people to just stay home forever a turn of the front from from here on out in terms of how the struc

removing those he's also saying where there's a feeding deflation effect so a lot of that deflation effect has banned from the central banks have you as you. identified because central banks can't print money they can print credit and the credit is deflation because they just that credit can never be paid back so therefore it's always deflationary it's going to collapse all the time but also that technological advancements have created a lot of deflation and those are going to be over necessarily because of of the fact of the globalization and then demographics so the boomers are dying off but. are inherent in their wealth they're also well they have their own entire economy strong structural economy based on bitcoin and digital assets and digital existence if the u.s. wanted to take another route here in 2021 and instead decide that they were going to try to compete with china by biting the bullet and taking the hit to the economy by introducing manufacturing back into the economy and a more prudent lifestyle to try to rein in the excesses and to go head to head with china on the competitive basis that would be the smart

mario draghi was the president of the european central bank, so he is a very respected european figures a fairly muscular move, i have to say, by one of the heavyweights. it is likely, of course, to increase pressure in this race for vaccines, and it comes after a video conference among eu leaders in which mr draghi argued very forcefully that the new eu—wide scheme on these vaccine manufacturers needs to be applied, the rules need to be applied, very rigorously. the second div element confirms what vaccines can be used. —— development. on monday, france lifted restrictions on using the astrazeneca vacine on the over—65s. today, germany followed suit. translation: the german vaccine i commission, whose recommendations we are happy to follow, will authorise astrazeneca for older age groups. the latest studies have shown evidence for this. in january, germany approved the astrazeneca jab for under 65—year—olds, saying there was insufficient data to approve it for over 65—year—olds. it wasn't alone. france, belgium, italy and sweden took similar measures. since then, new evidence has emer

so you know in this actually. right. still. the dirty money would go through a central bank in the region. so i can see people now. and i'm sure interest groups at the bank think. mystified zan told us we have misunderstood his comments and taken them out of context. time when you heard he and. deny any wrongdoing in the plan to transport cash and say no money was moved. we have discovered from secretly filmed confessions how men on mopeds delivered stolen money bags of cash to a corrupt political class. will see the people that don't have them and you will get. members of the school. was part of the front company used to steal government money to the most see you do ecstasy had to slow them and they still be on the up and all you see is going to be mohammed latif aka moho run the front company. plants in this playing in slip the name has been blacked out but it can still be recognized. off a $1000000.00 to president. to his account at the mall leaves islamic bank check number 2 for 7 mo hope aged 10. to. check to. transsexuals. all the faster. to. be an illegal p.c. . hussein mohammed. was vice president a deaves

together with the same yemeni currency so the yemeni currency that is produced in the south you cannot use it in the north because of the split of the central bank in yemen so there are still many factors that are playing a major role and the dire humanitarian crisis but definitely the parties to the conflict have. shown systematic abusive practices that are contributing to this system of suffered in elizabeth kendall in london is one of the big issues here we're talking about this today because of another warning basically saying the country is on the tipping point of famine we could have said that a year ago or perhaps 2 years ago or. even 3 years ago but the reality is that despite the consequences of that if we were able to say a state of famine now exists in the country that would focus minds in the region and indeed around the world but we can't say that because you can't pin down the data because the country sealed yes that's exactly the problem here and in fact we're always hearing that yemen is on the brink of famine and yet it never seems to have an actual famine declared that would focus minds much more sharply on the problem is that

the market is always trying to be forward-looking so when you were saying there was a move, things were always pricing more moves by what the central bank have so as a result, this is where the central bank needs to strengthen their communication, not to create confusion in the market. obviously, this is what we should expect from the pboc. the central bank coming out and saying we are going to be gradual and then this is probably something we also expect from japan this week is that they need to focus on their communication with the market. when the market is starting to price in more tightening, they probably need to take the chance to reemphasize that. shery: i love that you went there for me because i wanted to ask about the boj next. we have been waiting for months for that policy review, so what are we expecting? sources telling us we could perhaps see some releasing of an analysis to show what an interest rate cut could actually look like. they seem to want to send some signals to the market. qian: i think -- i do not expect any major policy changes from the boj meeting because frankly speaking, i think when the boj already reach

of seeing a complete discrediting of monetary policy as we once knew it so because it's a pretty good bet for for for central banks at this point so i think that could actually drive the markets higher i mean there's any number of considerations that are going to make this thing stretch and a 100000 and up probably you know before the middle of the year when final word would volatility be a problem if you were to have central banks holding crypto. well i don't think it would the central banks would prevent the volatility unless it can it was by manipulation of the market and that's never good for the market jeffrey said i didn't realize the central banks weren't allowed to hold big coin because they can hold anything it's something they're not allowed to pursue a it's that they refuse to acknowledge what bitcoin actually is the moment you begin to hold it as a central bank you are giving credence to this concept and remember when you give credence to big coin you've now given credence to many many other alternative coins and crypto currencies other than that coin to say that digital currencies crypto currencies an

emerging market currencies and the other central banks around the world who are looking to the dollar for their cue. caroline: the b.o.e. tomorrow, the b.o.j. friday, solenty of central bank action to come, what is interesting is when bond yields go higher, textile is off. it didn't day, it was so dovish coming from chair powell. are we going to be basically full-on rotation trade once again in the future? >> it looks like that yield tech relationship is start to go falter a little bit. you saw it earlier this week as well. you saw yields rise and tech rise. that was the story earlier as well. when you see that defensively play come back into the market, i think what is important to note here is that we are talking about the cyclical rotations. that is going to be a no-brainer. the question is does tech come look for the ride. we talked about this on the show a lot. do you see that massive inflation rally which includes the entire economy, all sectors of the economy, or is one sector coming at the expense of the other. that's really, i think, more of the question here because, of course, you do want tech on your side if you want the benchmark gains. t

governors in the case of central banks, policy committee, executive committee, so on.three institutions scored a perfect 100 and only four scored above 90, which is close to gender balance. europe does the best in terms of regions and the federal reserve system does well in terms of central banks. mark: we are clearly seen not enough companies, banks and organizations generally are doing enough on this issue despite the fact we are getting massive evidence from the private sector that the areas that have gender diversity have a better return on equity. is there an argument there should be positive regulatory incentives for companies or even subsidies rather than quotas or targets? >> what we have found in our research in eight years is this is a persistent structural or problem and it will not go away if there is not positive action. it's not just a case of saying look, the younger cohorts are gender balanced so with the passing of time, we will have gender balance at the top. the more policymakers we speak to, everyone says we will not get there this way. there are st

the problem is the great distortion in the interest rate side because of the over reliance on central banks. something happening on buybacks that shouldn't be going on, that's too much financial engineering. the problem isn't the buybacks themselves, the problem is what leads to that distortion >> explain that. the politicians are going after the wrong bogey on this? what do you mean >> yeah. if you repress interest rates and take them to non-commercial levels, then you will find a lot of companies do what they have done, borrow funds and buy back shares that is actually good financial engineering given that interest rates are so distorted, but that in itself raises all sorts of questions that the politicians jump on. is that the best use of liquidity? should the federal reserve be subsidizing shareholders doesn't that worsen wealth inequality suddenly you have a whole host of things to come. they are not to do with buybacks, they are to do with the unintended consequences of low interest rates we have a whole host of fed speakers they have to deal with what happened last week and tell us where

central bank. takes a long hard look at its open economy as china's. everything from power to agriculture. so european debt crisis is spread across the continent threatening its biggest southern economies one man is credited with saving the euro with his vow to do whatever it takes draggy that then president of the european central bank through borsch on the markets raging fire then he may have had luck on his side the politics that had thrown greece ireland and portugal to the walls changed as french and german banks realize they could be wiped out of italy and spain were in the firing line now as the prime minister of italy leading the 69th government since the 2nd world war it appears he's taking his luck with him where other governments have failed drug he could once again be using other people's money to turn things around during the pandemic italy has recorded the most deaths of any european union country but with a stuttering vaccine rollout draggy block to the export of astra zeneca vaccines to australia with debts of more than $150.00. percent of g.d.p. brussels has relaxed the rules