Purchases they make in their own Quantitative Easing Program and weve got quantitative tightening going on back here at home and jay powell has been a huge advocate to continue shrinking the feds Balance Sheet so when you look at the globe when you look at the world holistically and add up all of the tightening thats supposed to occur in two thousand and eighteen im not so sure the markets are ready for it danielle de marte you know both president of money strong and author of fed up and insiders take on why the Federal Reserve is bad for america thank you as always for your time thank you. And time now for a brief break but hang right here because when we return were joined by eating strange executive to talk buddy offerings and we take a look at the largest Digital Currency and price there ever and the dow is not down for a third day in a row in fact we just talked about the fed the dow was up as high as to sixty one today but after the said mean that were just speaking about and they talk about Interest Rates being risen later as opposed to one twenty zero the number thats the closing. Eighteen years ago i traveled across the United States exploring americas deadly love affair with the gun bad guy trying to get to one of my Family Member is he would have better life better and i think its fair and hurting whenever my my babies since my book was published in the year two thousand more than hoffa million americans have been killed by far olds in the us how to saute me as i did this is a middle school we go through drills and we put ourselves some real scenarios it was interesting to see who actually got hit. And i just saw i did to return to the subject to track down each gun owner who id met and photographed those years ago i dont know that but we are not. Everybody im stephen bob. Taft hollywood guy will suspect every proud american first of all im just george bush and r. V. This is my buddy max the famous financial guru just a little bit different. Though no one knows up with all the drama happening in our country and im hitting the road to have some fun every day americans. And hopefully start to bridge the gap this is the great american. West night President Trump offered rhetorical support for the people of puerto rico who are still suffering in the aftermath of last years hurricane season. The president said quote we will pull through together but its a bit astray ssion seems that they are pulling out as of today the federal Emergency Management agency f. E. M. A. Is ending shipments of food and water to the u. S. Territory and the citizens who are trying to survive their puerto rican officials were surprised by the cut off and are still waiting for critical logistic details from fema its estimated that a third of the island still lacks power and twenty percent of the residents like Running Water after four months since hurricane rita hit the island. European regulators are being petition to take further action against Google Google is fine nearly three billion dollars by european regulators last june for favoring its own Shopping Service over rivals in ad placements and created a new system to address the issue but google is still appealing the e. U. Decision and rival say the situation has not improved and in some ways has become worse under googles new ad placement system in other european news strong growth in france has pushed overall growth in the euro zone for twenty seventeen to the highest rate since two thousand and seven official statistics say that growth Gross Domestic Product equivalent for the nineteen euro zone countries grew by two point five percent and by one point nine percent in france. We shift to talk about cutting Edge Exchange offerings that are joined by exchange executive worthily ab ski who has a cease creates street executive in several venues including the International Securities exchange he currently serves as a board member of a notable change in energy and power oriented trading venue boris thank you for being here its a pleasure to have you its good to be have are thank you ok so lets get into it with your general take on the pullback in regulation the president talked at state of the union talks all the time about reducing regulations and some of those are in the Financial Sector so you come from a regulated exchange whats your take on this one part one of the things thats always important to remember is that going all the way back all the way to the thirty four act in the creation of the f. C. C. All of these regulations exist as a reaction to something that happened in the market market abuses weve seen it recently from the wells fargo situation to various market manipulation issues and some of these illegal now i think its a great idea to go back revisit regulations make sure they fit the current market model and Market Structure simplify get rid of the ones that dont make sense anymore but rolling back Consumer Protections generally speaking thats a terrible idea yeah and i agree with you i mean it definitely review regulations make sure theyre you know like in the things havent changed like Digital Currencies except are now let me ask about one of the changes that came into effect of the wall street reform and its a protection act you know it well i know it well wrote many of those regulations including this one regarding spoofing so first of all explain just for our viewers what spoofing is real briefly and tell me about whether or not thats one that we should be pulling back because we have seen in recent days with h. S. B. C. Deutsche bank and u. B. S. Theyve been fined by my former agency the c f. T. C. So what is spoofing and should that be rolled back short so as far back as a dozen years ago we used to talk to the f. C. C. About things like quote stuffing we used to call it but we use the word spoofing as well and then as you mention it came into regulations as part of the dot frank act where is the submission the simultaneous submission of large orders of electronically generated quotes in orders that are not meant to trade but in fact meant to cause other Market Participants to trade at dislocated market prices thats what spoofing is a dislocates markets and it causes a lot of short term harm now i dont think thats a regulation that should be turned back around at all because even though you will always observe the market snaps back things normalize ultimately the market self correct what happens during those periods of dislocations can be very damaging and you see it in some of these reports about these banks some of them actually self reported the activity they also recognize how damaging it is weve seen what can happen to a market in a volatile environment its a regulation thats very important and very pertinent and one thats occurring i mean somebody is trying to make money off of that move pushing and pulling markets around its not an innocent endeavor now let me get your take boris on these Digital Currency exchanges not on the currencies themselves because you come from the regulated market environment and the Digital Currency exchanges are anything but whats your view on those things i think one of the interesting things thats very near and dear to your heart is that the c. F. The sea quite recently came out with a request for comment its interpretation of the original Commodity Exchange act that talks about delivery of the actual commodities now back in two thousand and fifteen the see if he declared that crypto currencies are commodities now what theyre about to potentially do is determine that the crypto currency exchanges in the u. S. The way they operate to date. Actually futures exchanges its also important to note that the way these exchanges operate today theyre not just the exchange with theyre the broker the custodian the Clearing House and i dont think thats sustainable its very possible that in the near future not only that will they have to become regulated futures markets but the lol so have to gradually separate those functions it will be a maturing process were still early on and ultimately i think it will actually be a positive for this industry weve only got about thirty seconds for us but i got to ask you about these Exchange Traded funds that are really based upon either the block chain or a basket of Digital Currencies but what do you make of those things just really and who are they which which are for which are the firms out there right so the ones that came out very recently are you know block l u g r coin b. L. C. N. They have going with a k coin with a k. Theyve attracted hundreds of millions of dollars and whats interesting about them is unlike the e. T. S. That proposed to actually hold either bequeath future is listed at the c b o u or the seamy c. M. E. Or the spot currencies vs invest in publicly listed companies that are engaged in using this new technology and i think its an interesting way for both retail and Institutional Investors theyre looking to get exposure to be able to separate investing in the crypto currencies themselves and the technology now of course one of the interesting aspects is one of the biggest funds out there is actually not Exchange Listed its the g p t c fund that represents holdings in a Crypto Currency Fund representing one tenth of one bitcoin and with very few notable exceptions its accessible to all brokerage accounts but at the same time the f. C. C. Has been very strict in their interpretation of the requirements and it might be some time before we see specific cryptocurrency ts for sale ascii exchange executive from the c. Suite thank you for being here man well talk again sometime thanks for being in studio thanks so much for having. The largest hat. And the highest of Digital Currencies ever has taken place in japan at coin check which lost five hundred Million Dollars last friday here to discuss is joshua young chairman of iron Bridge Resources joshua thank you so much for joining us and what do you make of this hacking heist in japan thank you for having me i think its not safe to keep crypto currencies custody on an exchange i think exchanges are a good place to use to buy and sell cryptocurrency is and then their best held privately rather than being cost of exchange can you joshua can you put this into perspective weve seen some some big hacks in the past mt gox a few years ago but theres been some others who have been some money lost and in digital wallet can you put that into some context for us yeah for sure there have been a number of different hacks and in some cases possibly seths by the operators of the exchanges or cloud cloud mining or other such platforms and ultimately the cryptography associated with bitcoin and similar currencies is actually quite powerful but defeating it by giving up your your private code to a hackable exchange or to some other provider defeats the point so if youre going to have something that safe in such and secure and thats protected by very advanced mathematical cryptography that makes sense to me but giving that up i think is structurally challenging and obviously losses have been mounting between not cox and this most recent hack along with a number of other hacks joshua what do you provide Investment Advice and hold old investment money for customers. Yes so i actually im the Portfolio Manager for a Energy Opportunity find based in houston and im chairman of the board of a or oil and gas company in canada and what weve been doing is using our associated natural gas that were getting from our oil field and burning it in Power Generators and using that excess natural gas that otherwise were only getting pennies on the dollar for to mine for bitcoin other cryptocurrency so thats my connection to the space and thats kind of how weve gotten up to speed on it and just to give you an idea that konami x. Natural gas in canada sells for less than two dollars per thousand cubic feet and us dollars and if you mine for bitcoin even with that going below ten thousand dollars. Youre still effectively through burning the gas getting electricity and running it through these Mining Machines you get close to fifty dollars per thousand cubic feet thats very interesting actually had heard about anybody doing that well have to bring it on and talk just more energy to in the the future but let me ask you so if one of your investors is out there and they want to buy ripple or light coins all separately from your in devore will you do that for them or is that outside of your scope. I know thats outside of my scope my involvement on the mining side and specifically as a Value Investor im interested in investing in things that generate positive cash flow rather than commodities like gould or like a crypto currency and frankly i wouldnt want to be a custodian as ive shared i think there are some issues with the custody platforms for crypto currencies so if someone wanted to do that i could maybe point them in the right direction but i would strongly suggest to anyone doing that they hold that they hold crypto currencies if they buy them on their own private physical wallets and have a safety mechanism in place to avoid getting stolen from oh well thats good advice and i know a lot of Money Managers around the country around the world quite frankly are skittish about getting into it and so individuals are looking at how do they get in to crypto currencies individually with that let me ask use separate from your endeavors joshua are you personally in invested in any crystal chris im sorry crypto currencies. Know im not again im really interested in testing in things that generate cash flow and where there is some unfair advantage and so in this case you know i think i have an unfair advantage with this company where we get to waste whats plentiful and treasure what scarce but in speculating at specific currencies i dont really have an edge so i havent done that you may be underselling yourself but we all take it at face value for right now when we hope to have you back either on this topic or on on maybe Energy Related topics in the future joshua young founder of Young Capital management and what was the other one joshua the other title so im actually im chairman of iron Bridge Resources and prefer a manager for advice and Energy Opportunity fund gotcha thank you so much. That wraps it up for this time thanks for watching be sure to catch boom bust on you tube you tube dot com slash boom bust arctic sea on the flip flop so long. Its all to see we have a great team but we need to strengthen before the free world calls and youre better than a legend to keep it so its at the back. In one thousand nine hundred two that must qualify for the european championships at the very last moment no one believed in us but we won and im hoping to bring some of that winning spirit to the r. C. C. Recently had a lot of practice so i can guarantee you that Peter Schmeichel will be on the best fall since my last world cup i was in that group of. Thousand zero zero zero zero you. Know the left left left more than ok thats really good. I want to show people that very thing their point of view with the goal of michael i know you cant win on their backs and where only if we. Talking what would be if i would win i will never win. Where. We. Actually see this little bundle of joy he would have no chance of surviving in the wild mother pandas can only read one cup at a time but usually give birth to. China puts a lot of effort into making up for this cruel mistake of nature. Is just. Chinas Panda Breeding has become something of a production line. Its almost as though theyve been copied three d. Printed and put on show for the public. Several cubs are born here each year. But only left work by dedicated scientists will be from the thing if pendant of cant be encouraged in captivity its not as though they dont practice until but in the same lazy way they do Everything Else this proud mommy gave birth to twins and has no idea that a special love potion was formulated just for the. Law. Not bad. The court of arbitration for sport overturns lifetime bans and sanctions for twenty eight russian athletes. But will not be able to compete. In south korea. For just. The Top Human Rights Court as he claims the alliance killed his family during a raid in twenty eleven. And from extortion and drug deals one of the biggest u. S. Police corruption scandals reveals an abuse of power within an elite task force in the city of baltimore. Its midday here in moscow and youre watching r. T. International live from our studio with me and welcome to the program we start this hour with breaking news from switzerland and some good news for russian athletics the court of arbitration for sport has fully up twenty eight appeals of russian athletes that were banned for life from the olympics another eleven cases have been partially lifted meaning they will only be banned from the upcoming winter games in south korea the sanctions against the twenty eight will also be an old meaning any medals won at the sochi winter games will stand in the charges were based on allegations of widespread doping scandal dating back to twenty fourteen and we will of course have more details and reaction on this story later on in the program. Now a libyan man who lost his whole family during a nato bombardment in the country is planning to take his fight for justice to the European Court for human rights the International Alliance reportedly dropped two bombs on his house during a campaign back in twenty eleven. Now we demand that nato explain why our house and. All the military targets i dont understand why nato targeted our house sadly my dear wife died as well as my cousins my innocent children are maybe our friends were there with those it was a monstrous crime nato has the latest equipment and technology which allows them to argue really determine the targets of the nato aircraft struck specifically annoyed when people in their homeworld intentionally hit civilian targets those hospitals schools gas stations they destroyed all the infrastructure they were killing civilians and destroying civilian infrastructure apparently knowing there were no weapons though you can see here on the mount where the shelling took place by nato forces as kelly described thirteen people were killed in the attack including three children he admits his house may have been targeted because his father was a general who served under libyas former leader Moammar Gadhafi but carried says it was just a family home with no weapons or threat the lawsuit was filed almost seven years ago but hes faced an uphill struggle since to actually get his case into a court nato argues that it had no evidence suggesting civilians were in the house at the time of the bombing however it says his lawyers have now found a way to overcome the alliances immunity in such incidents and he hopes his case will set a precedent for those who also lost their families. We gathered our families in different parts of libya we found a man whose wife daughter and son as well as his mother died during the shelling there were other families in other cities a lot of families we compiled a report from all identified victims after having documented in photograph the materials so that this case could become a historical precedent. Where the rates in the u. S. City of baltimore skyrocketed in twenty seventeen with fifty six killings per one hundred thousand people a new record for the city that already has a reputation for being dangerous and crime which. New cities in body american urban decay more depressing leaving the city of Baltimore Baltimore struggles with a record high murder rate. Murder i think it will. Yes baltimore there is a robust active crime strategy. Comes as baltimore has been rocked by the ongoing trials in one of americas Biggest Police corruption scandals the gun trace tosk force an elite group of plainclothes officers with post to be reducing violence and crime however last seems theyve actually been adding to it six out of eight members of the group of created guilty of charges of organized crime including extortion and drug dealing. Has been covering the story. The Baltimore Police department is now involved in one of the biggest scandals in u. S. Law enforcement history for months now the court system has been trying to investigate corruption within the citys police force eight officers are on trial over Drug Trafficking racketeering robbery and planting fake evidence like drugs and. We would create false reports to cover up the robberies we were involved in. It was like aware of life where got away with a lot of things if Proven Guilty the officers and maybe face twenty to one hundred years in prison and six of them have already pleaded guilty and are now acting as witnesses in hopes of softening the moving verdict and their lawyers claim the officer still feel to over what theyve done mr jenkins is extremely remorseful hes been remorseful for a long time even before these charges were brought and hes relieved that today finally he was publicly able to accept responsibility for their clients sorry for what they did or see. He said you see regretful of what what happened i really dont have any comment meanwhile officers cases continue to be dismissed with hundreds under review and most of them involve incidents of officer switching off their body cameras to plant drugs or guns and then reenact seizing the evidence they had already planted were told to Christopher Irvin who founded a group that helps former convicts back into society hes concerned about innocent people thing set up by the authorities with fake evidence gas going to jail for things that they didnt do so now you know when you look at the news and you see that these polices are corrupt these are the same guys that be locking people up you know sitting in the jail shake reports putting guns on drugs and its so sad when you look at the police to be semi that you could trust in your city somebody that you can call but you cant even call him because you dont know if they will come for you call rob you will have a case maybe its so sad because the commissioner in baltimore door nothing you know at night is so scary as to be outside because you dont know if youll give rob you know you look for the police to do to protect you and it did not belong in. The beginning of the man relection campaign in the japanese city of naga has again highlighted the issue of america a military presence in the country japan and Central Government in the fortys and a canal where u. S. Troops are currently staying. Have been in battle over the possible relocation of the base to the Northern City of largo a recent poll shows a sixty three percent of voters oppose the relocation while only twenty percent support the move the incumbent mayor of the city says a vote for him would be a vote for defending japans autonomy george greatly is elections are extremely important as they will have a great impact on the future of now go and or can our countrys Current Administration is attacking us with attempts to sway the power of these elections are meant to defend japanese democracy and our autonomy were asking people from all over the country for their understanding our is in a difficult situation right now but if many people support us we will continue what we do in one thousand nine hundred six a review by japan and the us decided the american base should be relocated to the remote area of hello the decision was made in order to reduce the military impact on the populated communities of southern iraq and our but there has been since numerous crimes committed concerning the us military presence there. Activists and i can i believe the japanese government has been telling a blind eye to the tennis situation playing out in that region now i dont think they are mistaking i mean it is a really strong body. That they could have nation of the day but another candidate is a fucked up book by Japanese Center government so he agrees. Over there in the new media a face in his most of the will be on people who are against the new media the best construction is government job was government hungry ignoring the voice against democracy and again
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