these are the stories we're tracking for you today first up finally finally the day has come out peter schiff makes is a long awaited debut on boom bust today in today's show mr ship weighs in on the federal reserve present and future then we're taking a look back and highlighting some of the best hits from boom bust this past week it's a boom bust brady said you won't want to miss that plus the effervescent ed harrison and i feel your questions comments and concerns in today's in the margins if the part of the show where we put you the viewer in the driver seat please please drive safely it all starts now. unions fifty six office confirmed thursday that euro zone inflation slowed in the month of december now the e.c.b. sees no immediate risk of deflation and wants to keep inflation below or close to two percent over the medium term they've expected a prolonged period of low inflation now the fall in inflation rates is linked to an overall economic adjustment and restoring competitiveness of europe's southern periphery countries like spain portugal and greece were growth collapsed during the

our next guest peter schiff believes the u.s. is addicted to debt moving from one quick fix to the next now at the top of his list of entities and neighborliness addiction the federal reserve peter schiff an investment manager who predicted the two thousand a price is joins me now to talk about debt to government debt and above all the fed now i have to say to you mr shift welcome to boom bust let's talk about the fed now to the surprise of many the fed went and tapered its large scale asset program otherwise known as q.e. i want to ask you why did they do that well first of all people were expecting the taper to start a lot sooner and they really haven't tapered march and we really are no don't know what they've done but i believe that they are not going to follow through with a tapering timetable what they're more likely going to do is increase the amount of monetary stimulus that they jacked into the economy they're going to be doing a lot more than eighty five billion dollars not less and it's not good that they're doing is i

our next guest peter schiff believes the u.s. is addicted to debt moving from one quick fix to the next now at the top of his list of entities and maybelline in this addiction the federal reserve peter schiff an investment manager who predicted the two thousand. chris joins me now to talk about debt to government debt and above all the fed now i have to say to you mr shift welcome to boom bust let's talk about the fed now to the surprise of many the fed went and tapered its large scale asset program otherwise known as q.e. i want to ask you why did they do that well first of all people were expecting the taper to start a lot sooner and they really haven't tapered much and we really are no don't know what they've done but i believe that they are not going to follow through with a tapering table what they're more likely going to do is increase the amount of monetary stimulus that they jacked into the economy they're going to be doing a lot more than eighty five billion dollars not less and it's not good that they're doing is it's b

these are the stories we're tracking for you today first up we're talking fed today tim dewey and peter schiff away and on the past present and future of the federal reserve plus a lack of banking regulations in the e.u. having a european financier is doing the wall spoke a wrong job. i don't know and whatever else they dance in europe we'll tell you all about it coming right out and harrison joins me in today's big deal to talk about some of the most posh places on the planet you won't want to miss it and it all starts right now. two hundred thirty eight thousand americans join the workforce in december that's according to a private survey by payroll processor a.d.p. now the increase was driven largely by construction jobs as construction firms added forty eight thousand jobs in the last month the most since two thousand and six now a.d.p. figures cover only private businesses and often diverged from the government's more comprehensive report the labor department will release december's numbers on friday and economists forecasts that friday's numbers will show employers added one hundred nine

these are the stories we're tracking for you today first up we're talking fed today tim dewey and peter schiff away and on the past present and future of the federal reserve plus a lack of banking regulations in the e.u. having a european financier is doing the wall spoke a wrong job. i don't know and whatever else they dance in europe we'll tell you all about it coming right out and harrison joins me in today's big deal to talk about some of the most posh places on the planet you won't want to miss it and it all starts right now. two hundred thirty eight thousand americans join the workforce in december that's according to a private survey by payroll processor a.d.p. now the increase was driven largely by construction jobs as construction firms added forty eight thousand jobs in the last month the most since two thousand and six now a.d.p. figures cover only private businesses and often diverged from the government's more comprehensive report the labor department will release december's numbers on friday and economists forecasts that friday's numbers will show employers added one hundred nine

these are the stories we're tracking for you today first up we're talking fed today tim geary and peter schiff away and on the past present and future of the federal reserve plus a lack of banking regulations in the e.u. having a european financier is doing the wall spoke a wrong job lament go on and whatever else they dance in europe will tell you all about it coming right up and harrison join me in today's the big deal to talk about some of the most positive places on the song that you won't want to miss it and it all starts right now. two hundred thirty eight thousand americans join the workforce in december that's according to a private survey by payroll processor a.d.p. now the increase was driven largely by construction jobs as construction firms added forty eight thousand jobs in the last month the most since two thousand and six now a.d.p. figures cover only private businesses and often diverged from the government's more comprehensive report. the labor department will release december's numbers on friday and economists forecasts that friday's numbers will show employers added one hund

for twenty interesting i like it now he wrote if with regards to last friday's episode featuring peter schiff here's what he had to say quote peter shift in investment manager who predicted the two thousand and christmas wrong peter is like a broken clock he says right twice a day he predicted a crash every year and then one year it happens he thinks he's mr damas according to this silly person on say blank blank we were supposed to have hyperinflation in two thousand and eight nine ten eleven twelve and thirteen austerity was going to save europe and the bomb bubble is going to pop gold was supposed to be at five thousand and i keep going people missed out on one of the biggest market rallies in the history of american of america listening to this clown strong words strong strong words now do you think this viewer may have been burned by some tips of. one future shift and that's what this is or there's some validity to his form. but i think he's pointed out that a lot of people they don't like peter was right. for it's a crisis but they don't believe that he got the economic paradigm right.

these are the stories we're tracking for you today first up finally finally the day has come out peter schiff makes is a long awaited debut on boom bust today in today's show mr schiff weighs in on the federal reserve president. and future then we're taking a look back and highlighting some of the best hits from boom bust this past week it's a boom bust britain says you won't want to miss it plus the effervescent ed harrison i feel your questions comments and concerns in today's in the margins it's the part of the show where we put you the viewer in the driver's seat.

some people like financial commentator peter schiff think increasing it could have devastating effect. there's a law in economics, supply and demand. it's something you learn in econ101. as you increase the price of something you decrease the demand. wages that's the rice of labor. the high -- price of labor. the higher you make the minimum wage the more jobs. >> you care about the poor. of course, i do. >> i just acknowledge that government programs are trapping them in poverty. >> why have one job for 15 dollars an hour when you could have two jobs for $7.50 on hour. >> would you rather have that or pay twice as much for your burger. >> i do like to taste the tears of poverty in my milkshakes. i couldn't wait to discuss these with real world fast food workers protesting for higher wages. if we raise the minimum wage eventually the market will adjust and everybody is going to lose purchasing power. >> we cannot survive the bear minimum. >> if we could keep this out of personal realm. these fast food workers looking at things through their personal experience goggles. i found it so ha

dennis: thank you very much, peter schiff. -@>> happy new year.is now legal for recreational use in colorado and washington state later this year anyway. i have of other states have already legalized medical marijuana. executivexecutive director for g policy alliance, you have been one of the biggest components for legalized marijuana, you say many more states are going to attempt to make pot legal. what is the next state we will see push this through? >> i put my money definitely on oregon. it looks like the language is going to be good, so very likely there. we'll be trying to figure out in the next month or so to move forward to california. the public support is there, the question is if we can get them to have it. dennis: looking at a department report that came from the department of health, one out of six people become dependent. there are concerns about kids using marijuana and brain deterioration. questions come on about dependency and driving and everything else. maybe colorado or oregon this could pass, but what about the northeast conse

these are the stories we're tracking for you today first up we're talking fed today tim dewey and peter schiff away and on the past present and future of the federal reserve plus a lax banking regulations in the e.u. have a european financier is doing the wall spoken wrong dope lament go on and whatever else they dance in europe we'll tell you all about it coming right up and harrison joins me in today's big deal to talk about some of the most posh places on the planet you won't want to miss it and it all starts right now.

these are the stories we're tracking for you today first up we're talking fed today tim geary and peter schiffaway and on the past present and future of the federal reserve plus lacks the banking regulations in the e.u. having european finance there's during the wall spoke a wrong joe klein banco i don't know and whatever else they danced.

let's brick in peter schiff of euro pacific capital.o with us is jeff cox, financial editor of cnbc.com who has been predicting the fed would have to reverse course on tapering. why don't we just start there, jeff. why do you say that? why do you think the fed may be halting and ultimately have to stop its tapering? >> i just think at some point the fed has gotten themselves to the point of no return on this. i don't really think they know how to get out of the box they've gotten themselves into. i do happen -- i think that tomorrow the market is really looking at the precision probability of them adding another $10 billion to the taper. i don't think that's going to happen. i think there's a very good chance that tomorrow they could say, no, we're going to wait. for a lot of the reasons you pointed out, tyler. the economic data does not look great right now. the equity markets are not reacting very well here. i think there's a lot of uncertainty. we don't know which way things are going in the emerging markets. so i do think they're go