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tv   Boom Bust  RT  March 22, 2018 9:30am-10:01am EDT

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details exactly what went wrong with privacy policies and what steps have been taken to solve the problem he added that the company quote will learn from this experience to make the community safer for everyone going forward now to remind you of the scandal involves a data gathering from cold cambridge analytic it worked with multiple u.s. presidential campaigns including donald trump and reportedly harvested the details of fifty million facebook profiles for its political operations the company is now under investigation and has even suspended its chief executive however despite the fact that the scandal concerns an american tech giant and american data mining company there are still being bizarre attempts in the media to tie the whole story to russia is against the. imagine being a liberal a democrat and being stuck in a trump presidency for a year is it must be horrible waking up every day guessing that what russia
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is songe boughts or hackers have cooked up today cambridge analytic i had powerful connections to candidate trump including one time top advisor steve bannon and billionaire donor robert mercer so presidential son in law jared cushion or and consultant brad parr scale brought in the company which is now accused of utilizing data from fifty million facebook users without permission facebook was how trump was going to win wait a sec something's wrong where's the bad guy who do we blame this on. there it is questions are also swirling about a possible link to russian metal cambridge c.e.o. reached out to julian assange of wiki leaks seeking access to e-mails from hillary clinton's private server there's no evidence ricky leaks had such information but wiki leaks was releasing e-mails from the computers of other democrats which
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authorities say were hacked by russians and another trump advisor roger stone great innings i actually communicated with what how do you even make the connection what's your logic if someone speaks to a songe their russian agent there is zero connection here other than the word russia being in every other sentence there is only one explanation c.n.n. report must have been put together by a random generator literally this explanation makes more sense than cnn's report as savage the d.n.c. oil trump the russians cambridge had because we've got the keywords just fill this. basis with whatever he also directly message to russian hacker he says he did nothing wrong and despite another claim that cambridge had ties to a russian oil company the campaign insists there were never any links to russia are
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you comfortable that the trunk campaign through their cameras and had a connection to wiki leaks. they did have a connection wiki leaks let me demonstrate if you are of average height and your birthday is in july you are closely tied to a sound see how easy it is let's do this again if you like snow and the russians like snow you are aligned with russia or if you want lots of money and oligarchs have lots of money you are susceptible to russian influence it's all nonsense but who cares it's about getting the keywords out there about confusing and confounding not explaining or investigating he words people key words the russians everywhere.
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it's been revealed that the much praise security of the virtual currency bitcoin may have been compromised by the us national security agency classified documents provided by n.s.a. whistleblower edward snowden demonstrate the efforts by the agency to track down users of the currency it's something previously thought to be practically impossible. trying to investigate its. question what's in it for bitcoin buyers besides the price boom last year when its rate kept go and up people got themselves to was to get rich but bitcoins have been luring enthusiastic with something else since long before the twenty seven thing boo no central bank control privacy and transaction anonymity i'm sorry this could have all been an illusion you haven't followed at snowden or have you. the n.s.a.
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worked urgently to target bitcoin users around the world according to classified documents provided by snowden so let's look into the national security agency files which caught the eye of the intercepts journalists back in the days when the bitcoin was only worth less than one hundred bucks march twenty third teeing the u.s. was already working hard on tracking down crypto wallet holders and the n.s.a.'s number one priority among the new currencies was bitcoin they did come up with a mysterious tool called monkey rocket and guess what analysts of found value in the monkey rocket access to help track down sanders and receivers of bitcoins how much value is the question here that no one will give you an answer to but come on the n.s.a. is almighty when it comes to getting hold of all kinds of data so no matter how underdeveloped monkey rock it was back then the agency could have filled in the
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missing puzzle pieces using a stunning array of other spying tools the whistleblower suggest with this sort of information in hand putting a name to a given bitcoin user would be easy monkey rock it is also described in the files as a non-western internet and on them is ation service how many bitcoin owners have so far been tricked by the n.s.a. into using this product that we can only guess there was never trust in the institutions like the n.s.a. ever since know it and originally came out with those revelations a lot of the pretense of stopping terrorism but most of the governments want to know what all of their citizens are doing all of the time so nothing really changed reading the latest reports over a block chain and what the n.s.a. is trying to do to track it i'm not surprised at all because when i was never really doubt anonymous and when people were thinking of it as anonymous. those
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people were proven to be wrong time and time again the core properties of bitcoin are on confiscate all assets if held properly and censorship resistant value transfer hopefully have unlimited tools will come in the near future but we're not there yet we're in march twenty minutes actually five years since these n.s.a. memos where it said we should do our best to track down bitcoin users were written but the guys at the snooping agency haven't really been wasting time so the copy of the program on the. lawyer speaks exclusively to this channel after it's all confirmed the son of libya's deposed leader is running for the presidency you know that story right after this break.
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when you don't see what the teachers what did they cook. what did you not through only ten per cent. let alone they. said. no servant is that. you speak french.
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first a headline international. spokesperson has confirmed off the months of rumors that the son of former libyan leader moammar gadhafi will run for president if elections manage to go ahead this year. there was. killed in twenty eleven though while holding no official position saif was one of the most recognized persons in the country it was even described as the de facto prime minister during his father's rule saif was then held captive for six years before being released last year amid political unrest and we heard exclusively from saif loya on the presidential bid. saif al islam has lots of supporters they are ordinary people there are even those who were against moammar gadhafi back in two thousand and eleven and now they
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support the views of his son the situation we have in libya now is the result of the destruction of all the state institutions not only the toppling of the regime forty countries to get libya back then our country was bombarded and shelled all the military and civilian infrastructure was destroyed many civilians were killed and now saif al islam has put forward a comprehensive overview of the situation in libya that's a reform project which will bring calm back to libya there are many young patriots in libya now they are so enthusiastic they're not concerned about political affiliations the main thing they care about is a patriotic spirit and they see it in the reforms by saif al islam they view them as an effective tool to fight corruption. after the nato led incursion a civil war has raged in libya since more market duffy was overthrown and with a power vacuum two competing governments are vying for control of the country the
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conflict has led to a massive migrant crisis widespread terrorism as well as violence among tribal militias loyal reveals that life is still in danger. as about saif al islam is whereabouts are kept secret for security reasons as his lawyer i would do everything to protect saif al islam from all anti libyan plots masterminded by the countries interfering in libyan affairs as promised saif al islam will make a speech when the right time comes then everything will be revealed libya will return back to its roadmap and become a democratic sovereign state a state where the law will triumph libya will no longer be a country of organized crime illegal migration human trafficking as it is described in the media we will defend the interests of the libyan people and will protect its resources which cannot be squandered the libyan people must decide their future themselves. dozens of children in the moscow region are being treated for gas
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poisoning people in the town of balakot blame a landfill site and gathered outside the hospital where the kids were taken the crowds booed the regional governor when he came to visit. it was more than one hundred eighty people in the area have been suffering from noise and dizziness at the landfill site has allegedly made the effort to accept a former presidential candidate sen yourself visited the hospital and spoke to one of the children being treated the way the let's say a photo shoot was a fake if you accept the mission even if it was found was missing it
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was before it was looking waste of i think it's just like the you know of again this was going after him afterwards but you were just on the if this takes us consuming us it only changes the look let's just focused on there were many parents among the protesters they were buying those with messages saying stop poisoning our children and volatile called on risk we all suffocating auntie's video agency talk to some of the residents. it is really wendy's united nations happen my child coughs as if he's suffocating he can't sleep he cries he has a sore throat but it isn't just an ordinary call which the body didn't question flights when we put the kids to sleep we sealed the doors and windows with the wet towels so that they won't believe the sand was in the way she was up to see if that's unbearable when the smell is awful we adults suffer but our children suffer more we're always nervous sometimes we don't even know whether they will wake up in
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the morning because many suffer from or. need to focus what exploded the children are daisy they vomit the teachers have to call ambulances my son goes to the local school he's just eight we just want people to hear us our cry for help following the outcry from residents of the russian general prosecutor's office has said it will now launch a probe into the poisonings. just not in twenty five minutes past the hour here in the russian capital this is all to international hope you can join us again in about half an hour. the far right than britain isn't just on the march it's taking violent mother's action i am quite pleased that yes you know i saw these organizations which will usually splinter which we forget which take different names how do you view the.
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complex web which are. like so many flips over the gaze so i know the guy even so i got. the ball isn't only about what happens on the pitch for the final school it's about the passion for. the fans it's the age of the superman he just kill the narrowness and spending two hundred twenty million on one player. it's an experience like nothing else i want to because i want to share what i think of what i know about the beautiful guy a great one more chance for x. . and thinks this minute.
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around the world there's always a battle going on with the central bankers and the commercial bankers always trying to repress the population in one way or another recall the global insurrection against banker occupation they've been saying this for years on the shelf so now we're going to look at it from the puerto rican perspective they are similarly being oppressed by the overlords of finance and they are reacting in a very specific puerto rico way. the most expensive fish in the will each one selling for the tens of thousands of euros it continues to grow its entire life if it was thirty years old you might have a two ton fish out there and yet they don't get that big today because we're way too good at catching. it's only women themself a much larger mission was once there and that was much more widely distributed we have politicians that are in office for a few years they have to get reelected everything is very very short term our
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system is not suited and is not geared for long term survival and that's why we have the catastrophes. this is boom bust broadcasting around the world unbar chilton coming up today we'll talk to gold bean c.e.o. jane barrett about the foot do shiri rules and about investing and alex mahela virtual breakdown saudi arabia's big arms purchase from the u.s. and canada as the u.s. congress debates the war in yemen and ashley banks will give us a tauriel about biofuels plus we'll discuss tariffs in relation to food and agriculture with bread called but first let's head to. headlines. german
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researchers say in a new report that the block chain which underlies bitcoin has been corrupted with files including images of child abuse and links to similar repugnant content the researchers at aachen university specifically found more than two hundred seventy embedded links to child abuse content one hundred forty of which linked to the dark web and bitcoin blocking. the authors of the study of the first reported in the u.k. guardian say the odious content could make possession of blocked chain ledger illegal in many countries while bitcoins can be spent without downloading the block chain downloading large segments is necessary for the so-called mining process that actually creates new bit coin's block chain has been touted as a in corruptible ledger that records all bitcoin transactions but it also contains some tiny additional coding information which normally relates to trading data in
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two thousand and fifteen interpol specifically warned that the block change design could allow malicious content to be inserted into the ledger with no means to remove it the news may put bitcoin in multi-billion dollar crypto currency market in preparing its legal position as a regulators are already considering what new legal tools may need to manage the market. but the media reaction is mixed bitcoins price actually rose above nine thousand dollars and after hours trading after the guardian's report this afternoon the price dipped below eighty eight hundred dollars but it seemed to be recovering as we prepared to go to air. amazon has topped alphabet the owner of google as the world's second most valuable global company amazon now is a total stock market value of seven hundred sixty eight billion dollars while alphabet has fallen behind with
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a total value of seven hundred sixty two billion dollars apple remains the largest of all worldwide companies and after apple amazon an alphabet comes microsoft and for those wondering facebook has been on some hard times lately in markets and they are this now the seventh most valuable company in the world. the federal reserve's open markets committee concluded their two day meeting this afternoon then as expected they raised the federal funds rate by a quarter point to one point seven five percent now the federal funds rate is the rate banks and credit unions pay for on collateralized overnight loans but it's also a key benchmark because it's used to make many other interest rate determinations today's increase brings it to the highest level since september of two thousand and eight when rate cuts were in the final days of the financial crisis. the us department of labor will no longer be enforcing the implementation of what
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is known as the the do sherry rule which requires financial advisors to put their customers interests first how about that it's essential that up the level of integrity for vide anshul advisor professionals who work with retirement plans or provide retirement planning advice the obama era rule was first delayed but president try president trump but now the fifth circuit court of appeals in a three to two decision says the obama labor department's fiduciary rule was arbitrary and capricious and went beyond the scope of their authority under the law the decision is expected to be appealed all the way to the supreme court and we'll be following this as a story develops. here to discuss this and a lot more about investing is innovator jane barrett who is the c.e.o. and founder of gold beads jane thank you so much for being here what do you make of
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that headline about the rule that really been put on hold now because of the fifth circuit decision well it's disappointing i see it as another it's another bump in the road i don't think it's the end of the road the f.c.c. is still clearly very interested in making sure that people giving financial advice are acting in the best interest of their clients which is you know a common sense rule unfortunate to see so much resistance to this sort of crazy i mean it really just says put your customer's interest to head of others and you know the department of labor did it because it's a risk of the retirement advice but it is just a general standard that you would hope people would would do i mean we understand people have to make money they're not just giving advice for free but boy i mean there's a moral thing there too anyway tell us a little bit about what consumers should be doing to make sure they have all the right information i know you're a big leader in financial literacy what should folks be doing so financial
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education across the board is absolutely critical and if you think of the really big picture of you know a trillion dollars plus in student loan debt based on people earning money right and then once they earn money a trillion plus dollars spent every day every young getting money out of your pocket so these are two very big forces debt and then consumption and then it's the you know you should have a budget is pretty much the help that most people get so financial education is critical it is not it's definitely an unmet need and when it comes to even things like the fiduciary role investors should have the confidence to say how much of my paying it is that product you're selling me you making money out of that you know how much did i make this is the mark. and those three questions can be the difference between massive returns and you know the advisor sending their kids to college versus your kids going to those great advice and i think if i had even narrow it down to one i'd say how do you make your money and it gets to be you're in this conversation with an investment advisor and they're they're acting chummy
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and that's fine and you want to be nice with people but how do they make their money i had a circumstance years ago where i trusted the the individual and you know every three six months i say we we've talked the big and the smart people says you should rebalance your portfolio you ok or do i know good and then they rebalance it but every time the rebalancing it they're charging you transaction fees to rebalance all that it wasn't until later i'm like wait a minute i have the money left for all these fees so thank you for that great consumer advice now i have been a big fan as you know of gold being your company the founder the c.e.o. tell us a little bit because it's different than what other financials advisors do so we're very firmly focused on the beginner investor and often that doesn't mean younger but many people make it to their fifty's and sixty's without knowing actually how money can grow so we come at investing from a very different perspective which is you know you make consumption decisions in
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the world you go shopping every single day and you know brands and you know companies so why not put that knowledge and that data to work so we start with the person's spending history and use that to build them a portfolio of companies and funds and things them all familiar with like as a fiduciary i do have to give balanced portfolio advice but bringing a little more color into the portfolio is something that if i go to starbucks all the time you want me to look at whether or not i should invest in starbucks or or whatever coffee company if they are a great performer and they have good long term growth potential yes and it's just this idea of you're more familiar and frankly you've been making starbucks rich for a long time all the shareholders retro long time so. it's a just a much shorter conceptual leap for people to make from being a non investor to being an investor and it feels great to say i'm a part owner of this company but things like if i buy a ford or a buyout those sorts of things i like i like whatever joseph banks shirts or men's wear out pies or whatever it is those are the sorts of things that you encourage
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your investors to sort of look at learn about those companies the you have a connection with it and then you'll feel more vested exactly so you're not just a consumer in the world you're part of the bigger economy so great now what about kryptos lot of people are worried about investment buyers particular because they're not traded on regulated exchanges what's your view on those so it's still clearly very early days for crypto i think a lot of people have made a lot of money and then the people have come late have since lost a lot of money i would like to see krypto have some actual assets behind us is just you know technology woofs so i think it's a very interesting as a class the people who have a great base of savings have got their for a one k. maxed out who have an investment portfolio and they've got a little money left to speculate like that's a great use case for crypto people putting crypto on their credit cards a mortgage in their house is a disaster and last question what do you think about markets where we see the today the federal food markets committee raised interest rates and so we've got that
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going for us i guess but where do you see the economy in markets going through a year so i mean last year was such a big it a go from twenty to twenty five thousand on the dow was just massive growth and so even just to stay steady this year in light of most of the good news was baked in last year companies continued to perform well but with rising interest rates it could provide real pressure on the everyday people who drive the economy through this spending if they've got less money in their pocket because of us in debt is higher that will go to the top line of companies and no financial shenanigans can keep stock prices up when that starts to slide jane barrett c.e.o. founder of gold being what a pleasure to have you here thank you so much great advice. despite concerns about saudi arabia's human rights record at home and abroad the canadian government is defending a deal to sell that nation armored vehicles including what have been revealed as
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heavy assault vehicles the united states government has also been a big player in providing weapons to the gulf monarchy last year president trump signed a multi-billion dollar arms deal with saudi arabia and the saudi crown prince mohammed bin solomon was in washington this week meeting with president trump where mr trump showered him with praise saudi arabia has been. a very great friend and a big purchaser of equipment and lots of other things and one of the biggest investments of the united states was there are i guess it's your big investment is buying stock in companies and various other things in the united states and creating jobs. artie's alex behala bitches following the story for us from toronto alex we've talked about this deal before on the show but new scathing information has now been released about the nine hundred plus armored vehicles to be sold by canada up there
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to saudi arabia what can you tell us. you know people say that we're dictatorial here in the west but it seems i were addicted to weapon sales as well because people make billions off of it and that's a story here in canada as well primus is a minister trudeau he is defending the deal that's worth about twelve billion dollars u.s. to sell these light armored vehicles to saudi arabia now there has been controversy about this in the past but new documents obtained by the c.b.c. show that there's a lot more to worry about than what was originally thought we do know it saudi arabia is probably one of the worst human rights violators in the world and for some reason canada thought that these light armored vehicles would not be used to abuse human rights well guess what these vehicles have in them that we didn't know this before out of the nine hundred twenty eight labs or light armored vehicles one hundred one thousand vehicles have one hundred five millimeter cannons affixed to their terms and we also know that up another one hundred nineteen have thirty millimeter chain guns this is by
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a company called general dynamics land systems in london ontario about an hour and a half two hours outside of toronto they build it and the canadian government is patting them on the back and letting this move forward now according trudeau he says that this deal falls in line with canada's foreign policy or foreign and defense policies some people say that's very debatable but beyond that he's gone to pointing fingers now listen to this quote from our prime minister trudeau he saying we have brought new processes of transparency and accountability to international sales because canadians expect a higher level of accountability then the conservatives have offered us for ten years now what he's doing is he's blaming our former prime minister stephen harper for this deal yes this deal was signed at the time of stephen harper's rain here in this country but looks to trudeau our prime minister could stop this if you wanted to and if you want to talk about prime minister harper you should be pointing out something very different that's libya i believe seven year anniversary now since that libya got bombed by nato powers and we.

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