to discuss the latest i'm joined live by steve kean professor of economics at kingston university now with just one move america can inflict pain on the markets of its key allies europe and canada for instance could this impact the relations with those countries as well oh it will i mean one of the amusing things about this is the politicians normally enjoy flying off to foreign destinations and sawing tried we all know how much trouble heights leaving america in the first place you seem to enjoy disrupting them instead but i think the sky above the disruption is relatively minor and i think a lot of the countries that are considering how probably why go ahead with it. so you don't think that we'll see any of those the retaliatory measures that they've been threatening. we'll see one or two but nothing on the grand scale the level of . even the seal of the sea a volatile industry and if you could how to begin eating it doesn't have steel in it of any skyll was still talking about in america's case imports of about twenty billion dollars a year in a country which is about roughly a twe

also look at as i said there are a lot of moving parts the crux of the issue is and i agree with steve kean where where he said that you know that part of economic theory has gone amiss and it certainly has if you look at the federal reserve's economic modeling it's totally wrong a lot of these are have been totally wrong central bank money printing has hit a fever pitch where they've got ten trillion dollars on their books and they've only produced maybe two trillion ten trillion out of the ten trillion two trillion .

also look at as i said there are a lot of moving parts the crux of the issue is and i agree with steve kean were where he said that you know that part of economic theory has gone amiss and it certainly has if you look at the federal reserve's economic modeling it's totally wrong a lot of these are have been totally wrong central bank money printing has hit a fever pitch where they've got ten trillion dollars on their books and they've only produced maybe two trillion ten trillion out of the ten trillion two trillion in quantifiable so that's what a. ratio of five to one or something so we're not getting any organic growth from what they're doing and what they've done is they've destroyed capitalism by printing money to the money it is that i think we need to get back if we're going to have if you have been as happy as them we've got it there that's what you're saying is we can't like what you're saying is this the financial ization of the economy where it doesn't make anything any don't need anybody if you don't make anything you don't need to work or is ok this is what's happened here stev

also look at as i said there are a lot of moving parts the crux of the issue is and i agree with steve kean where where he said that you know that part of economic theory has gone amiss and it certainly has if you look at the federal reserve's economic modeling it's totally wrong a lot of these are have been totally wrong central bank money printing has hit a fever pitch where they've got ten trillion dollars on their books and they've only produced maybe two trillion ten trillion out of the ten trillion two trillion in quantifiable so that's what a ratio of five to one or something so we're not getting any organic growth from what they're doing and what they've done is they've destroyed capitalism by printing money quantity money it is that i think we need to get back if we're going to have if you have me as happy as i'm we've got it now that's what you're saying is we can't like what you're saying. it's the financial ization of the economy where it doesn't make anything any don't need anybody if you don't make anything you don't need to work or is ok this is what's happened here steve we'

also look at as i said there are a lot of moving parts the crux of the issue is and i agree with steve kean where where he said that you know that part of economic theory has gone amiss and it certainly has if you look at the federal reserve's economic modeling it's totally wrong a lot of these are have been totally wrong central bank money printing has had a fever pitch where they've got ten trillion dollars on their books and they've only produced maybe two trillion ten trillion out of the ten trillion two trillion in quantifiable so that's what a. ratio of five to one or something so we're not getting any organic growth from what they're doing and what they've done is they've destroyed capitalism by printing money quantify the money it is that i think we need to get back if we're going to have if you have been as happy as them we've got it there that's what you're saying is we can't like what you're saying is this the financial ization of the economy where it doesn't make anything any don't need anybody if you don't make anything you don't need workers ok this is what's happened here ste

can we avoid another financial crisis and we're fortunate to have with us the author of that book steve kean can we avoid another financial crisis see if thanks for joining us again so is it possible can we avoid another financial crisis well we're avoiding this financial crisis in the same way you might avoid breaking your leg after jumping off a cliff because you've already come down a substantial hot from a excessive level of profit and climbing back up again to have another journalist fall off that same cliff is a bit harder when you've got a pair of broken legs and that's really the wild paraphrase america's situation it had a financial cross' because of a debt bubble private debt bubble that's fallen a bit off of the crossest but you still have a historically high level of private and you want have another cross in terms of a precipitous decline like a cut back in two thousand and seven two thousand and eight in if i'm going to get much of a. wind behind your back any anymore either so in that sense america and the u.k. if avoided across this by having one and not having probably recov

also look at as i said there are a lot of moving parts the crux of the issue is and i agree with steve kean where where he said that you know that part of economic theory has gone amiss and it certainly has if you look at the federal reserve's economic modeling it's totally wrong a lot of these are have been totally wrong central bank money printing has hit a fever pitch where they've got ten trillion dollars on their books and they've only produced maybe two trillion ten trillion out of the ten trillion two trillion in quantifiable so that's what a ratio of five to one or something so we're not getting any organic growth from what they're doing and what they've done is they've destroyed capitalism by printing money quantify the money it is that i think we need to get back if we're going to have if you have been as happy as them we've got it there that's what you're saying is we can't like what you're saying is this the financial ization of the economy where it doesn't make anything any don't need anybody if you don't make anything you don't need workers ok this is what's happened here stev

can we avoid another financial crisis and we're fortunate to have with us the author of that book steve kean can we avoid another financial crisis see if thanks for joining us again so is it possible can we avoid another financial crisis well we're avoiding this financial crisis in the same way you might avoid breaking your leg after jumping off a cliff because you've already come down a substantial hot from a excessive level of profit and climbing back up again to have another journalist fall off that same cliff is a bit harder when you've got a pair of broken legs and that's really the way i'll paraphrase america's situation it had a financial crisis because of a debt bubble private debt bubble that's fallen a bit off of the crossest but you still have a historically high level of private debt and though you want have another cross in terms of a precipitous decline like occurred back in two thousand and seven two thousand and eight you never going to get much of a. wind behind your back any anymore either so in that sense america and the u.k. if avoided across this by having one and not ha

steve: first to go upstairs to see what bill hemmer has cooking. >> nice to see you. breaking news from north korea on nuclear program he said. general jack keane about. new debate on russian meddling what did the obama team do about that? a father who lost his 18-year-old daughter in florida, makes a case for greater school safety. we'll see you in ten minutes, guys, brand new week, starts in a couple minutes on "america's newsroom." ♪ brian: oscar host jimmy kimmel and other celebrities could not stay away from politics last night at the oscars. steve: but one former democrat turned republican has a message for hollywood elites. ainsley: she joins us now. director of urban engagement of turning point usa is candace owens. thanks for joining news thanks for having me. i'm really excited to be here today. ainsley: what is your message to the hollywood elites after you saw the oscars last night? >> i actually didn't see the oscars, because it is always the same stuff. my message to them simply we genuine don't care what they think. we appreciate them for their talents. the idea, they can act and sing, they're well-positioned to tell us how to li