also we've been here for a few days at freedom fest and i was backstage we were with peter schiff and george gilder maybe many young people might not know who george gilder is but he was in the reagan administration work with paul craig roberts father of reaganomics all that sort of stuff but you know him back from the eighty's all those famous books and and the tech industry during the ninety's and he's actually an older guy but very very pro bitcoin and i overheard a debate happening between him and peter schiff while we were waiting to go up on stage and i whipped out my i phone and grabbed some of the debates there is a little bit of interference at one point somebody had a mobile phone that made a little bit of interference but let's cut that clip to see their debate about bitcoin this point is a new. it's currently dominated by speculation and you're right. it's maturing into a current no it's not and never will be a crow will still could it ever be a currency the middle is not is the moment no it's not the forms unlimited will do shows you the current use of criminals you don't

feds well to dig deeper into this announcement and what it will mean for growth i'm joined now by peter schiff c.e.o. of euro pacific capital peter thanks for joining us today look the fed just released its plan for the next few months and it was of course something that many people are predicting one of them is that the interest rates were not going to rise not going to change what kind of impact do you think we can expect from this sort of announcement. well no impact i mean pretty much everybody knew the fed was not going to surprise the markets and hike rates this meeting although they did indicate that they would begin to shrink their balance sheet relatively soon but by relatively soon they may mean they may mean never because you know shrinking the balance sheet is a lot harder than expanding it you know quantitative easing was the fun part quantitative tightening is not only the hard part it's really the impossible part but it is possible that janet yellen may in fact begin the process but it's never going to be completed long before that day comes we're going to have to go back to zer

before we know it we're also going to talk about gold and how it affects us here to discuss is peter schiff c.e.o. of euro pacific capital thank you so much for talking about this now let's start with some numbers u.s. crude rose one point four percent settling at. forty five zero four a report shows a drop in european stockpiles opec fails of impact you think it could drop under forty dollars it's been under forty you could certainly go in again for you again yet i think regardless i was evil oil is in the process of forming a major bottom just like i think the u.s. dollar is in the process of forming a major and you know the dollar today close there are seven months low. but it's still not too far from a fourteen fifteen year high so it's a long way down the go when it comes to the dollar as the dollar goes down that is going to be very bullish for the price of oil all right well the dollar is going to drop as you say it's great for emerging economies though so how do you how do you think they're going to react to this is as you say you know it's going to draw up sort of a fatalistic appr

you so much for weighing in on this very important to keep track of all this thank you so much peter schiff c.e.o. of europe pacific capital. time now for a quick break stick around though because when we get back the e.u. is banding together to tackle bad loans and retail spending a new measurement according to my next guest is needed to go to break here's the numbers at the closing bell. of all the world's a strange no news company's nearly players but what kind of partners are anti american play r.t. america. r.t. america. many ways you slam it just like the reviews big. bad. i mean you could never own your. part. of the world's a stage we are. a trial that we have spent countless hours before and through documents to tell the story about abuse try to. look at media uses to talk about the current part. of the. we were preaching about how disturbing how to work with. your stories over the. marker of your home. which. would you have for breakfast why would you pick the place you want. to do and. what your biggest fear was the right result was that it would be sure you. were. one of those y

two thousand and sixteen values to talk about how comfort could come out on top i'm joined by peter schiff c.e.o. of euro pacific capital peter friedland says he's confident copper will outperform gold as an investment in the coming years but obviously we have to look at where his opinion comes from his company is currently developing one of the world's largest com for projects in the congo so i want to ask you what's your outlook on copper do you think that he's right that it could outperform gold. well if anything could happen and i'm bullish on copper i think he's right to be optimistic you know there's going to be more demand for copper particularly if the dollar keeps falling and hit a new low for the year today i think the dollar is going to keep falling that's going to keep stoking worldwide demand for commodities particularly out of china you know i am expecting a very sharp move up in the value of the chinese currency you're going to see more copper imports in china so all that is bullish and of course you know you have a lot of people now looking at electric cars i mean copper is

fed well to dig deeper into this announcement and what it will mean for growth i'm joined now by peter schiff c.e.o. of euro pacific capital peter thanks for joining us today look the fed just released its plan for the next few months and of course some things that many people are predicting one of them is that the interest rates were not going to rise not. to change what kind of impact do you think we can expect from this sort of announcement. well no impact i mean pretty much everybody knew the fed was not going to surprise the markets and hike rates this meeting although they did indicate that they would begin to shrink their balance sheet relatively soon but by relatively soon they may mean they may mean never because you know shrinking the balance sheet is a lot harder than expanding it you know quantitative easing was the fun part quantitative tightening is not only the hard part it's really the impossible part but it is possible that janet yellen may in fact begin the process but it's never going to be completed long before that day comes we're going to have to go back to zero percent

of that because with everything comes tumbling out coming down they can blame it all on trouble peter schiff c.e.o. of europe pacific capital certainly a pleasure talking to you thank you so much. well coming up after the break norad make over the north american aerospace defense command may force canada into uncomfortable political territory we go to toronto without report and as we go to the break here the numbers at the closing bell. if we take for instance the size large enough to destroy a city say forty meters or so of the million or so asteroids out there oh we have discovered perhaps a percent or so of that ten thousand of them for him so in other words i means that ninety nine percent of them are undiscovered so you. should expect that the great majority of asteroids are very close to the earth to come as a surprise. flurry used to be a professional hockey player won a stanley cup and the moment the girl who was living the dream was to sit in a dark side of the time i was fourteen to sixteen i was raped one hundred fifty times by a coach i was mawson in a dark room and so you know e

expansion brought about by cheap credit that is what is going to happen some point a dollar crisis, peter schiffy already started obviously this year, wonder if higher rates splash any company gaining traction. >> once they raise we will stop asset bubble in stock market what is driving spending, is people's stocks go up may be they made 80,000 but 401(k) went from 300 to 400, they live like they spent like made 180,000, good 7% of economy is falling from that wealth effect will go away as soon as they stop inflating the stock market from cheap money. >> talk about the exclusive you are making announcement on show tell us about the new shopping option. >> we have just law enforcemented -- launched a new cab in beta looking for feedback exlent car sight i think as good as anything on net four million cars, cars.com other trader, but in our case you can -- you can -- you can shop using all our technology find your car finance it and you can buy warn tees financing gets funded immediately on line without talking to people, you can buy warranty i thigh first people online he warranty protection kill