russian central bank chief. is trying to regulate crypto currency is to stop wild speculation but other financial experts see the new payment systems as a great opportunity. countries have hit us with sanctions. and the sanctions we could get worse. currencies are a valid alternative to traditional payment systems. thanks birds don't need to convince mayor shirley apne cough he's keeping his coli owns no matter what moscow thinks. brave man you must say well we stay in the subject of crypto currency is because they are one of the best investments you could have had in the last few years bitcoin surged past five thousand dollars for the first time thursday zooming up to almost five thousand two hundred dollars regulated virtual currency was worth only a few cents when it was invented in two thousand and eight a new record high comes amid signs the chinese government is rethinking its opposition to bitcoin earlier this year and for several exchanges to shut down. right for more on the subject let's bring in our fi

russian central bank chief. is trying to regulate crypto currency is to stop wild speculation but other financial experts see the new payment systems as a great opportunity. countries have hit us with sanctions. and the sanctions we could get worse by the magnets by crypto currencies are a valid alternative to traditional payment systems. thanks birds don't need to convince mayor shirley apne cough he's keeping his coli owns no matter what moscow thinks. david versus goliath a new market is opening up in the microchip industry professional athletes could receive a microchip implant in the future the head of the world a libyans association says it's a way to fight doping the idea is not new in the u.s. employees and some companies are having chips implanted on a voluntary basis the chip can function as a door opener computer log in or for the company can teen football clubs in argentina are testing chips on their fans which let them into the stadium with a chip also helps to control fans prone to hooliganism. was

russian central bank chief. is trying to regulate crypto currency to stop wild speculation but other financial experts see the new payment systems as a great opportunity. missed on the. countries have hit us with sanctions. on you and the sanctions we could get worse. that's what currencies are a valid alternative to traditional payment systems. and i didn't have a problem thanks don't need to convince mayor shirley apne cough he's keeping his coli owns no matter what moscow thinks. brave man you must say well we stay in the subject of cryptocurrency is because they are one of the best investments you could have had in the last few years bitcoin surged past five thousand dollars for the first time thursday zooming up to almost five thousand two hundred dollars on regulated virtual currency was worth only a few cents when it was invented in two thousand and eight a new record high comes amid signs the chinese government is rethinking its opposition to bitcoin earlier this year and for several exchanges to shut do

russian central bank chief. is trying to regulate cryptocurrency is to stop wild speculation but other financial experts see the new payment systems as a great opportunity. countries have hit us with sanctions. starting the minute and the sanctions we could get worse. that's what currencies are a valid alternative to traditional payment systems. experts don't need to convince may actually apne cough he's keeping his coley owns no matter what moscow thinks. all right well the catalan independence saga goes on it has a new immediacy right now monica that's because pain has set the clock ticking for catalonia prime minister mariano rajoy has given the regional government until monday to say whether it has in fact declared independence from the rest of spain now is also promised to do everything possible to prevent the break up even threatening to suspend catalonians autonomy and impose direct rule from the dread locked in a standoff spain's prime minister delivers an ultimatum mariano rajoy giving the cattle and go

the russian central bank says it is set up blocked the trading of crypto currency speaking at a conference in moscow the bank's first deputy governor sergei she says it can not be tracked it can be used for crime so no he says we cannot stand aside we cannot give direct and easy access to such dubious instruments for investors their frequent exchange website will have blocked access he says now russia accounts for only a small amount of the bitcoin market china has recently clamped down on crypto currency but social media chat sites have proved very fertile ground for traders there who now face heavy penalties for operating undercover meanwhile japan's financial watchdog has approved eleven companies for big trading. and china may see success in its push to change the petro dollars if you want the us dollar would of course take a direct hit if others follow suit in the dollar was abandoned and as the world's world's reserve currency saudi arabia may have agreed to sell its exports in dollars as far back as the late seventy's but as china imports more and more oil it's become irritated purc

the governor of the russian central bank has done some incredible work in bringing russian inflation lem, how can she now managed the rate environment going forward to produce stability and that story. russian central bank has cut rates again. it has lowered rates to 8.25%. stability is what she is looking forward to. tom: thank you so much. kevin cirilli in washington. in this section, we are doing heroin and opioids. what did the president say yesterday? who did the president disappoint? he had a mixed or of policy, politics, and personal life. he called on private partnerships, utilizing the private sector to unleash innovation, to work with the government, to work with state and local officials to combat this crisis. tom: we will stay on this and maybe avoid the soap opera of washington. did he speak to the senator of ohio, rob portman, yesterday? did you get a message through to someone like rob portman who has led this discussion in washington? kevin: that is a good point. i don't know whether or not they directly communicate it. praiseech yesterday drew from across commerce, in

as we work our way through the the russian central bank comes through at 11:30 a.m. come down very sharply in russia. the spanish senate is going to vote on a rule regarding catalonia. we had a big day yesterday with the techs. day with tech earnings out of the u.s.. let's talk about mario draghi. yesterday warning that that european bank will be cautious even as he put the stimulus measure on the road toward an exit. >> the decision today is for an , and i mayprogram add is not going to stop suddenly. view thater been our things should stop suddenly. matt: partly driven by the ecb announcement, the euro is down against the dollar. the -- with us is the chair the ecbnal studies -- meeting seem to be such a success. it is a massive move. he is taking out of quantitative easing, and yet the market did not react that much. we knew what he was going to , although we do see some euro weakness against the dollar. >> mario draghi is a true central banker. he says things in a way that if ,ou understand what he says this seems to have been the case. saying one thing and makin

children especially hard memories of that time are still fresh in people's minds but now the russian central bank has some good news for the kremlin the economy is growing and inflation remains low use comes just in time ahead of the russian presidential election early next year. here at the danilov ski market in moscow business is picking up the russian government says it expects the economy to grow by two percent this year inflation was recorded at three point three percent at the end of august the lowest level since the fall of the soviet union the numbers sound good and point to economic recovery but the benefits have yet to trickle down to the average consumer. the rice is a rising tide filling us little with these plums a good and cheap because they don't come from abroad. the price of fish is going up above all the price of free falls in the summer it all depends on the season one of . the central bank has used the low inflation rate as an opportunity to cut the benchmark interest rate five times this year to standard eight and a half percent low inflation is accompanied by stronger econom

russian central bank chief. is trying to regulate crypto currency is to stop wild speculation but other financial experts see the new payment systems as a great opportunity. countries have hit us with sanctions. and the sanctions we could get worse. that's what crypto currencies are a valid alternative to traditional payment systems. thanks birds don't need to convince mayor shirley apne cough he's keeping his coli owns no matter what moscow thinks. a new market is opening up for the microchip industry professional athletes could receive a microchip implant in the future ahead of the world a limpin sources says it's a way to find doping the idea is not new in the u.s. employees in some companies are having chips implanted on a voluntary basis so it can function as a door opener a computer log in all for the company contain football clubs in argentina are now testing chips on their fans which let them into the stadium which also helps to control fans prone to hooliganism. but it's a brave new world out there and

and we said the usual russian names other central banks all that sort of stuff johnson said on the call previously in the trial jurors have heard of how scott told a karen executive and his advisor from rothschild that trading by a russian central bank was driving up the price of sterling prosecutors contend there was no such russian and city driving up the dollar is sterling exchange rate it was trading activity of h.s.b.c. traders who were trading on sterling at the three pm fags so. another hoax exposed look i mean people all want to grasp the craven misbehavior of a just b. c. they need to put into their brains the image of harvey weinstein masturbating into a potted plant that was part of the evidence that came out during the harvey weinstein scandal that's just b.c. and their role of the do sherry's and trusted intermediaries is served by the fact that they're like harvey with the plans that's what you've got to think oh same thing with barclays lloyds. and r.b.s. and they're they're all run by lords and knights and c.b.s. and o.b.e.'s and all these honors conferred on the sort of

central banks are still a little bit behind the curve there. dips -- buyly by dips. anna: you are expecting a hike in december. how many hikes into next year and beyond russian-- beyond? when you look at markets, they are hugely complacent when it comes to central banks. we agree with that. look at those economic fundamentals. they are robust. in one hikericing next year is very complacent and underestimates the economic picture. penny i have in the world is probably invested in a pension somewhere. americans are digging deep. .hey are taking out the savings rate is the lowest since 2007. of a buyer. i'm a believer. this is what is driving it. i wonder to what extent that cast the momentum. but does that make sense? wage increases. -- there arereases indicators that there are increases. thank you very much. coming up, on the program, we are going to be joined by the infrastructure bank president. he will be joining us for an extensive interview. we hear from lars chanel coming up next. beijing clamps down on polluting industries. this is bloomberg. ♪ ♪ it is 7:28 a.m. in paris. this beat the analysts estimates. commodities fell 21%. the cfo said that's as th

a controversial russian artist embraced as a political dissident by france faces arson charges after setting a central bank building on fire in paris. we're going to need to you my name is the harvey this is r.t. and. russia's president vladimir putin has hit back at washington in the recent scandal involving russian media in the u.s. he was speaking at the annual valdai discussion club in the russian resort of sochi let's get more on the story now across in macedonia all consuming in this for is daniel take us through then what the president had to say. well one of the most salient issues covered in a pretty long panel discussion question and answer session around four hours was of course the very salient issue of press freedom and more specifically the issue of pressure on russian international media outlets such as r.t. in countries such as the u.s. and the u.k. in the form of threats to make r.t. america register under the foreign agents act and in the last hour when boris johnson very recently chastised labor m.p.'s publicly in parliament just for daring to appear on r.t. as guest to interview putin w

russian sports minister. that's it for this edition of. banks guys are financial survival they say money the girl i'd. love to lose if this is the central plank support diabolo means i'm going to call them right now so stop . we're in sochi myself and russia discussion on this edition of the program we discussed the fall the. new us but she would like. to have people been saying about redacted in the sixty's full on awesome the only show i go out of my way to launch you know a lot of the really packs a punch. yampa is the john oliver of marty americans do the same we are apparently better than blue. sea people you've never heard of love redacted tonight my president of the world bank so very. many seriously he sent us an e-mail. european think tank funded by the u.s. the u.k. publishes a list of thousands of. controversial reports policies. with her toenails what he calls a great success the defeat of. despite massive casualties in the syrian city being reduced to rubble. students at cambridge university are being issued with warnings of a potentially distressing material in classic literature a move that some have called ridiculous if

predictability i'm not russian economists have very stark disagreements about spending on social standing in particular as a driver for inflation you came to the ministry after serving in the central bank and in the ministry of finance both of which i considered on the. very strict monetary and i one day of being a development developmental minister in any way your appreciation of milton friedman and. no actually have the same use. the same use that was caving in the central bank the same use that was caving in the minister of finance the lives of the government in terms of spending. they used to spending the modem for private financing and we still have when they're still running. low middle in those days when the economy is so the fiscal consolidation that this is happening is fully compensated by it might be compensated by the decline in interest rates in the domestic economy and thus opening way for more private spending you'll live to compare they currently stationed in russia to the united states and there are only nine to nine just when the federal reserve had to drastically increase interest rates in order to constrain inflation which indeed was successful in bringing a dollar

i'm not russian economists have very stark disagreements about spending and social spending in particular as a driver for inflation you came to the ministry after serving both in the central bank and in the ministry of health finance both of which are considered on the yielding very strict monetary is my one day of being a development developmental minister in any way your appreciation of milton friedman has to change no actually have the sea views. the same use that was caving in the central bank the same news that was given the minister of finance the lives the government in terms of spending especially useless spending the modem full bright with financing and when they're still running. those things within the limits so the conclusion that this happening is we can see to be compensated by the decline in interest rates in the domestic when those opening we feel more private spending your life to compare they currently stationed in russia to the united states and there are only nine to nine just when the federal reserve had to drastically increase interest rates in order to constrain inflation which indeed was successful bringing a dollar to two point two percent on the same

area russians are very resourceful people but chemical like on the one place fronts and they also talk about why there actually has been no impact essentially on russia is because of the central bank and we talked to jim rickards and we also talked to constantine gird yeah of abouts. the central bank of russia's response to the sanctions a member what they did is they let the ruble float that caused the ruble to collapse by something sixty seven percent immediately that helped and this is what the u.n. says now because the u.n. reports on this they're being attacked in the media in the west by the way but nobody is actually talking about the contents of it so they say that the total cost of the sanctions and this is again what our guests have said like we've looked for gas i mean of course you could have turned into b.b.c. news night they had guests on every single night saying that there would be regime change that there would be collapse that there would be zero that the country would default even though there was no external debt and they were looking for current you know payments crisis they were looking for all these sort of things and that didn't happen now the u.n. looked a