one hundred percent reserves that only the central bank of switzerland was going to be allowed to print money just like in the case of america would be the u.s. federal reserve would be allowed to create money where the treasury ensures yeah exactly so they voted it down but they're aware of it they're aware of the. effects fractional reserve and that money is created by loaning it into existence of there's no there's no collateral banks have no reserves against loans they they they loan more than one hundred percent of reserves of three hundred percent of reserves in the case of deutsche bank they've loaned an infinite amount against nonexistent reserves it's not there's nothing in your bank except maybe some old gum wrappers there's nothing there to collateralize those hundred ninety trillion ponzi scheme of derivatives of deutsche bank that's why it's going to go out of business but nevertheless i want to turn to this other article and it's martin one of one of the chief opinion makers at the financial times wrote a piece an opinion piece saying that the swiss should have pr

one hundred percent reserves that only the central bank of switzerland was going to be allowed to print money just like in the case of america would be the u.s. federal reserve would be allowed to create money where the treasury is yeah exactly so they voted it down but they're aware of it they're aware of the. effects of fractional reserve and that money is created by loaning it into existence or there's no there's no collateral banks have no reserves against loans they they they loan more than one hundred percent of reserves of three hundred percent of reserves in the case of deutsche bank they've loaned an infinite amount against nonexistent reserves it's not there's nothing in your bank except maybe some old gum wrappers there's nothing there to collateralize those hundred ninety trillion ponzi scheme of derivatives of deutsche bank that's why it's going to go out of business but nevertheless i want to turn to this other article and it's martin one of one of the chief opinion makers at the financial times wrote a piece an opinion piece saying that the swiss should have prac

a shift as you're getting older and as a senior the opportunity came up to work at the federal reserve bank of new york. >> what type of four did you do at the fed? >> as senior bank examiner. a fancy to save my job was to go into any bank to check to see if they are complying with the law laws. >> how complex are the banking laws that bank of america or goldman sachs? >> come monday -- incredibly complex thousands and thousands of regulations already in the books. i focused on international areas. so add the 50 states and all those additional as well. it is incredibly complex that it takes many years to understand what is going on. >>host: as a compliance officer with the federal reserve you were a government employee? >> yes. >>host: your focus was goldman sachs? >> correct. >>host: where we located? what work did you do? >> at the time the federal reserve assigned to work inside the building. >> that was a typical day? >> you get up really early first i would just hit the news. then afterwords go into the office to spend an enormous amount of time to go over all the policies and procedur

the reserve bank of india isjust one of the central banks in asia grappling with a falling currency againstlar. rico hizon and our asia business team in singapore are following the story. good to see you. it is a real problem and india isjust one of many emerging economies trying to get their heads around it? that's right. we are seeing rising prices in asia and also growth rates between 6% to 7% and this is putting a lot of pressure on asian banks to raise the cost of borrowing. in january, a bank raised its main overnight positive rate by up quarter of a point and that was followed by indonesia. four point 7596 followed by indonesia. four point 75% on the 30th of may. it was the second increase in as many weeks as authorities try to move the support the faltering currency and capital outflows. there are warnings there may be more to cars. the philippines on may the 10th try to contain inflationary pressure due to strong economic growth. the borrowing rate 110w economic growth. the borrowing rate now stands at three point 25%. pakistan was the most aggressive, 6.5% hike in rates amid growi

one hundred percent reserves that only the central bank of switzerland was going to be allowed to print money just like in the case of america would be the u.s. federal reserve would be allowed to create money for the treasury. exactly so they voted it down but they're aware of it they're aware of the. effects of fractional reserve and that money is created by loaning it into existence of there's no there's no collateral banks have no reserves against loans they they they loan more than one hundred percent of reserves of three hundred percent of reserves in the case of deutsche bank they've loaned an infinite amount against nonexistent reserves it's not there's nothing in your bank except maybe some old gum wrappers there's nothing there to collateralize those hundred ninety trillion ponzi scheme of derivatives at deutsche bank that's why it's going to go out of business but nevertheless i want to turn to this other article and it's martin one of one of the chief opinion makers at the financial times wrote a piece an opinion piece saying that the swiss should have back.

a wholly backed reserve bank i mean if you apply that to the banks in the u.k. lloyds has b.c. barclays and bank of yes yeah right they would all have to be technically declare insolvency because they have no assets yet i mean you've actually been on stage here in ireland with martin wolf and he wasn't this radical back then but he's also suggesting that citizens should be allowed to put their own deposits at the central bank just like banks can and that's how they're able to spend money because they're able to borrow from the central bank at zero percent and then lend to you like ten said it was why is he making this converging convergence why is he coming to damascus why is he coming to the holy land well if you're a nationally because he's being pressured by a big coin yeah i understand we're going to call it what we're going to get to that in a second but i want to finish up on the smartwatch story because the fact is when when banks are lending money and creating money in the u.k. i know for a fact that eighty five percent of all their loans are agains

rishaad: let's analyze that movement by the reserve bank. that is a reserve bank economist. what an interest rate hike make any difference? acts as an interest rate hike in itself. >> you would argue india's oil demand is elastic and it will unless r.b.i.den, hikes so much it brings the economy to its knees. i do not think the oil issue in itself explains the rate hike. emerging markets in general you have to signal proactive nests of higheruble tsunami interest rates and higher dollar. we have seen other central banks in the em universe acting. india is no exception. are they one and done in your view? >> no. interestwhat would an rate hike do? interest rates may be a blunt instrument. taimur: a couple things. well., growth is doing domestic demand has turned around after a couple years of poor performance. you were talking about a central bank which has an inflation other -- we see price-related developments that are not conducive to its achieving its inflation target in play. what influence do they have? primarily the interest rate. so they will nudge it up. the bank syst

the reserve bank of australia keeping interest rates on hold yesterday.ime for a look at the hong kong start of the session. >> here is a snapshot of hong kong stocks. hang seng adding .25%. .encent rising for a fifth day it is working with the chinese government to create an electronic system to make travel between hong kong-macau, and one chinese city easy by using we chat. shares under pressure, set for the first drop in three days. stocks, xiaomi has brought in six more banks to arrange its ipo. cc.ng the six are cicx sue not china gaining ground after posting a rise in may contract sales. casinook at macau operators, under pressure from disappointing revenue, continuing to fall after plunging 10%. in jim cna losing 9%ear to date. moren stanley seeing near-term volatility with the world cup and fallout from the pboc looking to crack down on shadow banking. goldman sachs says they see a buy with macau casino stocks. haidi: thank you for that. i'll strain first quarter gdp crossing the bloomberg, a beat come expanding 1% quarter on quarter, slightly abo

reserve take a listen. let's talk about your new book collusion. you get into the central banking system which in the united states of the federal reserve note many people would charge the federal reserve's is not only a private bank ultimately it's not really. federally controlled or even monitored because the feds never seriously been audited correct that's correct the fed itself is kind of like a corporation it has a board of governors but that's really equivalent to a board of directors. and its members are the private banks that it is supposed to regulate and the way that membership has worked since the inception of the fed from the federal reserve act of one thousand nine hundred thirteen through today is that these private banks have shares in the federal reserve in the bigger they are the more shares they have used to be reports that came out exactly as to what bank has how many shares and what their percentage of ownership is but those stopped in one nine hundred forty one so we just have to guess that we know that j.p. morgan chase has a larger share for example than som

>> one of the stories we talk about early on in the book, sitting down with one of the federal reserve bank of new york employees, the status of anti-money laundering program and to say very simply the rules the employees of the bank are supposed to follow to catch anybody, trying to use the bank to launder money, to make a clean, what was shocking to me if i was sitting there and taking on this information, how this employee was telling me at the same time they are doing all these things that are wrong, and all sorts of things, but at the same time trying to convince me there was nothing wrong with that but other banks did it wrong as well as i shouldn't just write about it because it is not a big deal so if you come from having come for banks to comply with laws, and surrounded by people i work with, make it work in the framework off the walk. it was jarring to see, someone working for the taxpayer. and they are intellectually aware something wrong at goldman sachs but trying to sweep it under the rug. >> are you suggesting there is a coziness between the new york fed and goldman sachs? >

reserve take a listen. let's talk about your new book collusion. you get into the central banking system which in the united states the federal reserve not many people would charge of the federal reserve is. it is not only a private bank ultimately it's not really. federally controlled or even monitored because the feds never seriously been audited correct that's correct the fed itself is kind of like a corporation it has a board of governors but that's really equivalent to a board of directors and its members are the private banks that it is supposed to regulate and the way that membership has worked since the inception of the fed from the federal reserve act of one thousand nine hundred thirteen through today is that these private banks have shares in the federal reserve in the bigger they are the more shares they have used to be reports that came out exactly as to what bank has how many shares and what their percentage of ownership is but those stopped in one thousand nine hundred one so we just have to guess that we know that j.p. morgan chase has a larger share for example th

in new . 7:47 in jurek -- in we asked his predecessor what he of theabout this ahead reserve bank of a's rate decision tomorrow. that in a world where countries take full cognizance of international responsibility, one of the things i have been aessing for is the sense that big central bank should look of the consequences of their actions on other countries. i think emerging markets an a much better situation today. politics and policies are creating uncertainty but they are in a much better situation during the taper tantrum. but that doesn't mean accidents can't happen. powell said they are in a good position to navigate the shift in u.s. policy. with exceptions, which countries? >> there will still be stress for emerging markets and they will have to cope with the rising dollar and interest rates as well blowback of capital flows. there will be stresses. look at which countries is always stressed, turkey undergoing some stress. the central bank has raised interest rates considerably. i think in countries looking it's a lee, depending on what the government does and w much it wants

this is the key rate for the reserve bank of india, from 6% to 6.2 5%, the first hike since 2014.ne is oil prices. they have gone higher. india is so dependent on oil. come cpihat it has hit 4.6%, the target 4%. that's why they felt they had to act. there is hope. their statement had a dovish tilt. , thesaid one keyword decision of the monetary policy committee is consistent with the neutral -- there it is -- neutral stance in monetary policy with the objective of achieving the medium target for the consumer price index inflation a 4% within a band of plus or -2%, while supporting growth. means wee saying this will keep hiking rates, sit back and be data dependent. a lot of people are thinking it could just be this one. they did say in the statement that oil price volatility and developments in global markets are creating uncertainty around the outlook. meeting,hing in this they are taking steps to improve regulation and deepen financial markets at a time when banks aren't buying bonds and there are so many things going on. they are taking steps to smooth things out. i let's head

contextet's get some with the chairman who works at the federal reserve bank and th w york state banking department. who better to have this afternoon. at the face of it it was a significant upgrade given what we are pricing in terms of this year. of said weell kind will recalibrate and we haven't won the battle on inflation in particular. >> in the context of the way, credit swings, the immediate result -- quarter-point today and two more moves anticipated by the fed, completely consistent with what we would have anticipated. directionally, the rest of it also fairly consistent. we might have thought to moves next year and they are thinking about three next year, it hasn't happened but we will find out. more to the point, i think what powell is trying to convey is the idea that yes, we are calibrating monetary policy, not new news, we ve been doing that since lifting off from zero some years ago. and we're not doing this with the hope and expectation of halting the economic expansion and just keeping pace with it. that is not bad news. markets will do what markets do. emerging markets a

at the same time, the mandate of the central bank is basically price stability in the financial system stability. banksrse some central like the federal reserve is another mandate of achieving improvement. for the bank of japan, the mandate is basically price stability and financial stability. aim ate to continue to achieving and maintaining price stability and financial stability. makeme cases that might active or proactive fiscal difficult.what anyhis moment, i don't see coordinatingr fiscal policy and monetary arisin in the near future. i don't see any problem. stephanie: i guess if the government is going to move to having a broad target for the budget -- which includes the complicatest, that things for you. forhe government is aiming surplus by fiscal 2025. but also trying to achieve gdp -- that fiscal is quitetions program appropriate for the japanese economy, as well as the public finance, because already the japanese government has debt overd very large the years, and it is quite necessary for the government to consolidate fiscal positions. of course graduating the medium to long-term -- gradually in the medium to long term. that is n

and for the first time in four years india's reserve bank hikes its interest rate is the weak rupee threatening in the u.s. spectacular growth. this is. business under our office in berlin the european union is taking a hard line in response to new u.s. tariffs the bloc will impose import duties on a raft of u.s. products beginning in july it announced today the new penalties come in response to increased u.s. to tease on imported steel and alimony and that took effect this months about three point four billion dollars worth of u.s. goods out suspected to be hit by the new measures ranging from cultural products to steel and bourbon whiskey that list could also be spanned it with time according to the new officials meanwhile fresh official figures show that the overall u.s. trade deficit has hit a seven month low it stands at forty six billion dollars that said the politically sensitive bilateral trade deficit with the e.u. and with china have widened. now following this story for us from france there is a financial correspondent only bhansali who still gloat about the threat of terror on the s

go in consul and we look for things with those results as i was a mover thank you very much and reserve banks in the studio if you could talking about eating an alexander guest seems to care about what he eats because he's been tweeting what he had to eat just before he went off the job and it was a russian dish ulk sure. enough about his eating habits but to tell what. he is above you know there's been a lot of buzz about the fact that alexander guest is on this mission is going to take over as commander in a few months from now how important is that for germany and for european space exploration. i think it is. very important to have a german not to have a german as a commodity i assessed but it is very fact that it is important for jews for germany that he happens to be german expert about why it is a very prestigious roles a very important role i mean you know a command will go about his business and let's not forget there are also female commanders peggy whitson being one in the past that i can think of right now but the role is if they do this stuff but it's when things happen when some

is to take away this fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in. mexico found her in full voice in moscow ahead of their clash against reigning champions germany on day four of the world cup. bring their thunderclap to russia and secure a shock draw against heavyweights argentina. and while the world enjoys a celebration of football a british newspaper publishes then removes a series of pictures apparently showing the darker side of life in the host nation the photographer claims the paper misrepresented his work to create a false narrative of. italy's tell me stories and our exclusive world cup coverage had to r.t. dot com here on our to international the kaiser report is coming up thanks for tuning.

reserve bank of india meets on thursday. also keeping policy on hold. inflation started to rise.ome out of their post meeting statement. gdp came in shock driven forecast recently so people are thinking there is a small risk of a rate hike but the reserve bank of india is probably ready to sit back. also on friday, when china's numbers come out we will be looking at their trade and current account numbers. buffers quarter gdp was negative , could that possibly show the vision that it will get stronger? ramy: a lot of things to look forward to. kathleen hays, thank you. boeing's plans to dominate the midsize market. we will be speaking to vice president of commercial planes just ahead. this is bloomberg. ♪ >> it is a: 30 this morning. half an hour from the opening of trading. 8:30 this morning. half an hour from the opening of trading. ramy: you are watching "daybreak asia." paul: all trade agreements with the u.s. and the trump administration pushes ahead with tariffs. the warning came as commerce secretary flew to beijing for talks. made some progress in agriculture and energy a

banks are turning to more restrictive policies. a number are on my diverging path. back in japan, and the pboc has yet to address the latest move from the federal reserve. that's right. the bank of japan is one that stands out. we see no change to their interest rate, and that is actually a negative rate of - 0.1%. that is through the third quarter of 2020. pboc, we seeth the them holding at 4.35%. generally, if you look at how -- it just shows the overall diversions with central banks, and that is something we will be financial markets. anna: thank you. map we just showed shows that there is a lot of red, and those are banks tightening in the near future or are already tightening. given where we started these conversations, we wonder how much that tightening bias is important. if you look at that map, it is quite a binary picture, red rising, white not rising, but there are nuances within that, because clearly the fed is on a tightening bias. i think much of the rest of the world is on a much slower trajectory than the u.s. is. i think that divergence matters because it argues for a stronger dollar. when you look at places like the u.k., japan, europe,

one hundred percent reserves that only the central bank of switzerland was going to be allowed to print money just like in the case of america would be the u.s. federal reserve would be allowed to create money for the treasury. exactly so they voted it down but they're aware of it they're aware of the. effects of fractional reserve and that money is created by loaning it into existence of no there's no collateral banks have no reserves against loans they they they loan more than one hundred percent of reserves of three hundred percent of reserves in the case of deutsche bank they've loaned an infinite amount against nonexistent reserves it's not there's nothing in your bank except maybe some old gum wrappers there's nothing there to collateralize those hundred ninety trillion ponzi scheme of derivatives of deutsche bank that's why it's going to go out of business but nevertheless i want to turn to this other article and it's martin one of one of the chief opinion makers at the financial times wrote a piece an opinion piece saying that the swiss should have practice that they sh

will say that we, of course, we have broad context among business leaders around the country and reserve bank presidents in particular have that so they report in the beige book and in the fomc meeting and they come back and they say concerns about changes in trade policy are rising, i think it's fair to say and you're beginning to hear reports of companies holding off on making investments in hiring people. so, right now, we don't see that in the numbers at all. the economy is very strong, the labor market is strong, and growth is strong, we really don't see it in the numbers, and it's just not there. so, i would put it down as more of a risk. >> steve leachman, cnbc. you say there's a difference of opinion among economists, but looking at the longer run gdp growth rates for the members of the committee there's not a whole lot of differences, 1.8, to 1.7, to 2, is that showing us know the a single member of the committee including yourself, mr. chairman, agrees with economists over at the white house that they can achieve long-run sustain growth rates above or at 3% or higher? do you believe

the federal reserve bank of new york, they should transfer a whole lot of money from the central bank of bangladesh to a random account that these hackers had access to in a third country. they filed a whole bunch of very official-looking requests that said the fed in new york should make that transfer. basically from the bangladeshi government to this offshore third-party account. in all they requested the fed move about a billion dollars that way. and most of those requests got rejected. "the new york times" reported last year that one of the reasons that some of those requests were rejected is because the hackers tried to use the word "foundation" in one of their documents and they spelled it fandation instead, which is an unusual typo. and that unusual typo stood out. some people who reviewed those requests, that block some of those requests from going through. so no, a billion dollars didn't get siphoned out of the central bank of bangladesh and sent to north korea. in fact, more than 90% of these requests got rejected. but even with 90% rejected if you're asking for a billion do

is to take away this fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in france. and is getting international recognition with the help of israel at least in the world of zoos remember wolf it was dismissed it to me like you know. this is my complicity is going up to sunny all maybe you know john. the only palestinians who gets the most hopeful is jerusalem counterparts i don't think there's some of those who. wish to know only could do this. and though it is a long night as to how to display any of the muscle that you have i know you competed in the doesn't seem to do more in the middle sauced but there's a lot. more sure that we're told still don't. really want to. see the longest can still see how. they constantly. look at all and i'll get you. know. the yes no let me tell always some things. you want to know what. was. said. to my. one for stuff you need to know about the wonderful some ok thing with you about. the would i be so coy that i doubt them a couple got more subtle so they'll cut off t

is to take away this fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in front. of us today the u.s. department of justice has released a highly anticipated report on the f.b.i.'s activities during the twenty sixteen election and while focusing on former f.b.i. director james comey and his handling of the clinton e-mail investigation but also sheds light on the relationship between the bureau and the media. takes a closer look we now have the long awaited report from the inspector general michael horowitz on the u.s. justice department now the report shows a pretty clear record of collusion between mainstream media and the f.b.i. . we identified instances where f.b.i. employees improperly receive benefits from reports is including tickets to sporting events sings drinks and meals and admittance to nonpublic social events we will separate you reports and those investigations as the concluded now the report shows pretty extensive contact between the f.b.i. and reporters and furthermore it shows that a

united states who would have them and actually in two thousand and sixteen or seventeen the federal reserve bank of st louis looked at this question and compared data from the states of washington alaska and arizona and found that the number of foreign born workers did not coralie in any way with wages or unemployment meaning if there were more foreign workers it did not mean wages were lower and it did not mean the unemployment rate was higher so two things one i mean a lot of americans don't want to do these jobs they had rotting food in california because they didn't have enough workers it's not like there's a rush from people from the midwest to go there right no there certainly isn't a california is a great example because two thirds of this country's fruit and nut product comes from california but nine out of ten farm workers in california are. foreign born primarily from mexico and what we've actually seen happen bart is when the economy isn't doing so high that the number of undocumented migrant workers actually decreases as we saw after the great recession for example the undocumented m

it's a take away this fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in front of. you come back come back find no human and probably have heard of universal basic income or u.b.i. as a way to battle economic inequality but the idea that a struggling american would receive an unconditional monthly stipend no strings attached seems unlikely as unlikely as finding fox news at an oil pipeline protest or m.s.n. b c n n pipeline protests or c.n.n. at an oil pipe you get the point. but for former residents of stockton california basic income is closer to becoming a reality then you would think for more on this we go to our senior basic correspondent now ima get. a basic basic income. correspondent. joe stockton starting off morning yeah so you know what's going on here is an experiment worse than the n.f.l. playing in one. i don't need the redskins to go across the atlantic to know they suck worse than england's food. just like oh i don't need to see stockton's mayor give one hundred residents five hundre

is to take away this fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in print. tough. luck kitten. kind of. getting to. be does she don't concern to tell you that it's a congenital jellyfish feeling for saying i'm going to assume that equal distance isn't what he calls a stance and if i can manage and don't want to so don't be done still in the. belief that did us all putting the onus is on this is it our side us it all to the sitting on. the. getting phone no i don't have what was the last time that you went on the internet no i am not used to meet these village is it safe to go. are you sure there is no music ters there and they are all going to be sure the baby doesn't gloves or his has been. missing or don't want him and we thought is dead as part of that was a good piece. of work i was. previously yes and no they are being valse fall in love where he must be member of the society. a year ago i kind to all see to work at the confederations cup i hope for a year to get people from around the wor

is to take away this fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in. this one rather trendy over the past few years to talk about the new world order fair enough the recent g seven compound in canada interim solution to engage north korea for just two weeks samples pax americana is undergoing a significant transformation. i. think. the. kids eat. and sleep and it. does she don't consume the gel you've been talking to was only joking dealing with the saying i'm done we'll soon enough that are equal to two inches my sons are what equals this tells me going on in jeans only this will be done soon only one day you'll live up to those of you knows this and this is a downside to all the sitting on. my . computer. day two of the world cup sees a six goal thriller between portugal and spain but the hat trick from christiane the rinaldo. last. in friday's other two matches here where babel to a narrow victory over egypt only ran to feed morocco one set. also in the headlines of r t double trump says a m

is to take away this fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in prison. when a loved one is murder it's natural to seek the death penalty for the murder of her and it be the death penalty just because they think that's the fair thing the right thing research shows that for every nine executions one convict is found. the idea that we were executing innocent people is terrifying there's just no present and that we even many of the times families want the death penalty to be well received to get help here is because that's what murder victims' families want that's going to give them peace that's going to give them justice and we come in and say. we've been through this this isn't the way. you come back from back find now you probably have heard of universal basic income or u.b.i. as a way to battle economic inequality but the idea that struggling american would receive an unconditional monthly stipend no strings attached seems unlikely as unlikely as finding fox news at an oil pipeline protest

is it take away this fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in print. when a loved one is murdered it's natural to seek the death penalty for the murder i would prefer and it means when the death penalty just because i think that's the payer thing the right thing research shows that for every nine executions one convict is found innocent the idea that we were executing innocent people is terrifying the is just no really hasn't been that we want even many of victims families want the death penalty to be abolished the reason we have to get pell here is because that's what murder victims' families what that's going to give them peace that's going to give them justice and we come in and say. not quite enough we've been through this this isn't the way. after newtown see on bloomsday and we're going on the ground on day three of russia twenty eighteen on the day british trade unionists rallied to mark the battle of orgreave between workers and police coming up on the show so the collusion wasn't

is to take away this fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in french. and is getting international recognition with the help of israel at least in the world of zoos remember wolf it was dismissed it to be like you know. this isn't my cup of tea is going to solve the whole maybe you know john. the only palestinians who gets the most help from its jerusalem counterparts i don't think there's some of those who. wish to look at this. and know it is a long night as to how to display any of the muscle that you have i'm going to compete in the doesn't seem to do more in the middle sauced don't put this off. for sure but we're told. that it was very good with. the long what's going to still see. the take on small. ball and i'll get you. know. the u.s. now let me on tell always something and. you know what. was. said. one for stuff you need to know about the wonderful some ok what you're got. the what are you so coy that i doubt them a couple got more subtle so they'll come off them about the pric

is to take away this fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in. europe back with r t international is going to check other world news for across this hour president trump said he might meet with a lot of near putin in the next few months it comes after the u.s. president calls controversy by reportedly telling world leaders that crimea is rightfully russian picking up the story. trump hasn't ruled out the possibility of meeting with president putin he made these comments speaking to the press friday morning check out what he had to say anything where he was this summer it's possible that well made yeah you know i thought you know this all started because somebody one of us should be in the g seven is you know should be in the g eight so yes as you've just heard trump wants the g. seven to be the g. eight once again with russia reinstated so that they can work together to solve the world's problems this wasn't the first time he made these comments and he also suggested this during the g. se

is it take away this fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in britain. i can imagine. i don't know i wasn't there but i can imagine a russia defending its national interests in a way that doesn't help the hawks in the united states but couldn't has this image of such a hard guy. and i would blame him for not caring about american public opinion even more because it seems like no matter what he does there's an unfair response number less what i'm saying is it's gotten very personal. twenty past the hour here in moscow the us department of justice has released a highly anticipated report on the f.b.i.'s activities during the twenty sixteen election in focuses on former f.b.i. director james comey and his handling of the clinton e-mail investigation and it also reveals details of sentiment at the bureau james not ever going to become president great right no no he won't we'll stop it i've often thought of the report also shed some light on the relationship between the bureau and the media. t

the reserve bank of india's surprise decision to raise the rate hike hit indian bonds overnight.d a bit as traders looked at not only what r.b.i. did, but what it said. kathleen hays is here. how hawkish was this move? kathleen: you always look at what the central banks say. they do something, then tell you about it. a surprise, maybe a third of economists surveyed on this question. said yes.hird or less that is why everybody was off-base. people said there is a's policy -- a policy statement. about theese concerns r.b.i. getting ready to go on some kind of steady rate hike path. the decision is consistent with the neutral fence. that means you're not going to tighten or go towards easing. is the objective of achieving a medium-term target for consumer price inflation of 4% within a band of plus or -2% while supporting growth. why did they take this step? inflation is the main thing. see the firstto rate hike in four years. there is oil prices going up sharply. no surprise that inflation has turned higher again to 4.6%. here is the r.b.i. target at 4%. this was a unanimous vote.

is to take away this fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in front. hello and welcome to crossfire where all things considered i'm peter lavelle has been rather trendy over the past few years to talk about the new world order fair enough but what we are experiencing now is the end of the old world order the recent g seven in canada and trying to station to engage north korea are just two examples pax americana is undergoing a significant transformation and the old order is fighting back tooth and nail. cross talking the old world order i'm joined by my guest john merrill in washington he is the former chief of the north east asia division of the bureau of intelligence and research at the u.s. state department as well as author of korea the peninsula the origins of the war also in washington we have michael flanagan he is president of flanagan consulting and a former congressman and to new york we cross to george samuel lee he's a fellow at the global policy institute of london and author

is to take away this fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in britain. i think. russia took a real blow to its sense of self during v. yeltsin yes i remember even six years ago when i first came here people kept apologizing to me for how terrible everything was that this wasn't like america and for people to be ashamed of their country was so different and now i don't really see that i see people are more proud of their country and i think. britain has used stalin and particularly the great patriotic war in the victory there as a way to inspire nationalist pride. in a world of big partisan movie lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door. and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. let. the. kids think. not. talking to. their own lo

is to take away this fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in front. welcome back the u.s. department of justice has released a highly anticipated report on the f.b.i.'s activities during the twenty sixteen election it focuses on former f.b.i. director james comey and his handling of the clinton evil investigation but it also reveals details of anti trungpa messages sent by a senior f.b.i. agent who went on to head the trump russia collusion probe but was removed because of the text james not ever going to become president rate right no no he won't will stop it well apart from that the report also found collusion between the bureau and the media apparently agents received thirteen benefits from reporters in exchange for insider information more print takes a closer look we now have the long awaited report from the inspector general michael horowitz on the u.s. justice department now the report shows a pretty clear record of collusion between mainstream media and the f.b.i. . we identified

is to take away this fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in front. of. you have a home no i don't have when was the last time you went on the internet knowing i'm not using me to these village is it safe to say. are you sure there is new music ters other and they are all going to be sure the baby does a glossy his has been. i think we're the evil. is that as part of that was a given. that was. previously. yes they are being transformed in a very astute member of this is like. if you like. welcome back now the u.s. state department said just the us deposit of justice has released a highly anticipated report on the f.b.i.'s activities during the twenty sixteen election if focus is on former f.b.i. director james comey and his handling of the clinton e-mail investigation but it also reveals details of anti truck messages sent by a senior f.b.i. agent who went on to head the trump russia collusion probe that was removed because of the texts not ever going to become president great right no

economic minds such as federal reserve bank of atlanta president rafael bostic to actors kerry washington, jada pinket smith. athletes like tim duncan, mariano rivera, carmelo anthony, to journalists joy reed and u.s. senator kamala harris. these signs of caribbean region are completely american, yet in many ways their caribbean heritage informs and accounts for the atributes which have assisted them in their advancement and supported american greatness. that philosophy is borne out with recent immigrants and naturalized caribbean people. coorled to the migration policy institute, latin american and caribbean people account for the largest percent of foreign-born military personnel and that group constitutes 38% of all foreign-born that are in the armed forces. additionally, according to the 2004 u.s. census bureau report, about 66% of caribbean immigrants and immigrants overall were in civilian labor force compared to 62% of native-born. according to the caribbean policy institute, caribbean blacks have labor force participation rates that exceed the average of u.s. natives in all im-- a

is to take away those fractional reserve banking as property so that prices would come down to the level that is traditionally affordable by the average person in for a. tough . haul moral of kids' lives. cut. loose and limited funding to. those who don't consume don't jell ugandans enjoy the whole joyful deal and the saying i'm done we'll soon enough that equal one to two inches also moved away from the stance me going on in condolence because i don't need a little name to know. to those moodiness listeners this is also the answer to all . and we're back with your good care former president al qaeda chain. we're of commerce in china discussing whether we're on the verge of a global trade war so trump is saying that here upon canada has been playing the u.s. for years with their own tower eaves and that he's only correcting things that were unfair do you agree with him of course not i mean there has been a common understanding about open markets the european union is exceptionally open canada has been very good partner to the united states in the nafta agreement there's a lot of rhetoric

matt: i'm here with the deputy governor of the south african reserve bank. thank you for your time. appreciate you joining us here. let me ask you what your takeaway is from this meeting which seems to be focused on figuring out the right interest rate to spur growth. are we there yet? economies,dvanced surprising rising growth, no inflation. it is a puzzle partly linked to productivity. there are various theories. withr the old relationship unemployment still is stable and hasn't changed, what is the reason? while the issues are dealing with the emerging markets, these things affect things in the medium to long term. byyour economy is affected federal reserve monetary policy. >> the monetary policy of the advanced economy, you do affect emerging markets. they affect our interstate expectations and inflation expectations. several studies dispel this myth. as a small open economy would profit. >> what can you do about that? you were facing a capital flight issue. inflation.ve serious is it time to raise rates? >> we have inflation at four and a half at the moment. depreciationnt infl

is to take away this fractional reserve banking as property so that prices would come down to the levelthat is traditionally affordable by the average person in britain. i can imagine. i don't know i wasn't there but i can imagine a russia defending its national interests in a way that doesn't help the hawks in the united states but couldn't has this image of such a hard guy. and i would only blame him for not caring about american public opinion even more because it seems like no matter what he does there's an unfair response number less what i'm saying is it's gotten very personal. and is getting international recognition with the help of israel at least in the world of zoos i'm in bill for the commission to do it like you know. this is my complicity is going to have to study all maybe you know john. the only palestinians who gets the most help from its jerusalem counterparts i don't think this is of those who were under the vision didn't know who could do this. and then with zoloft to this lady of the muscle that you had i know you competed in the doesn't seem to do more in the middl