Currency market itself is still on track to eclipse the Global Banking all adopt only which is what we need what we want and ive always said its a bank starkiller thats the primary use of bed for i heard. So much of. This little bundle of joy he would have muchos of civilization in the. Mother this can only really one come about the time but usually cuba is just to. China but a lot of effort into making up for this cruel mistake of nature. China has penned the breathing has become something. The production line. Its almost as though theyve been called three d. Printed and put on show for the public. Several cubs here each year. But only left work by dedicated scientists will be for nothing if of can be encouraged in captivity its not as though they dont practice a tool but in the lazy way they do Everything Else this proud to twins and has no idea that a special love potion was formulated just for the. Eighteen years ago i traveled across the United States exploring americas deadly love affair with the gun bad guy tried to get to one of my family members he would have better a lot better and i think they are and hardy whenever my my baby says my book was published in the year two thousand more than half a million americans have been killed by far on the us. Team yes they did yes this is a middle school we go through drills and we put ourselves in real scenarios it was interesting to see who actually got here. And i decided 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. Apple will cut anticipated production of the i phone x. By half the first report that apples new plans to build only twenty Million Units of their latest model the flagship phone broke late monday in november the company had said they plan to. Billed over forty Million Units the i phone x carries a list price of nine hundred ninety nine dollars and holiday sales fell below expectations apple stock fell on the cutback news and has been in decline since january eighteenth although the stock is up year over year by more than forty five dollars. A market moves record after record high over the last year we also see some signs of pullback in selling as weve talked about just a moment ago triple digits first time in two days first time in a year weve seen that and the largest dip in the s. And p. Five hundred in five months here with more is actually banks who spoke with Chris Martenson the c. E. O. And cofounder of peak prosperity dot com. Why is seventeen and twenty eighteen have seen record highs for the stock markets but will that continue and what does that mean for people here to discuss and give his take is Chris Martenson the c. E. O. And cofounder of peak prosperity dot com thank you so much for joining us chris and now what is your opinion on the current status of the u. S. Markets and do you think this will be a strong year for the u. S. Economy. Two separate questions there actually weve got obviously record high stock prices all over the globe but in the United States we see the same condition and we see records being set all over the place record bullish sentiment record low levels of cash an investor accounts record high stock prices by multiple different valuations so were we are seeing technically fundamentally conditions that have literally never before been seen in all of stock buying history so that certainly is the definition of buy high and hope for the best so thats part one and for the economy it looks like were seeing some signs of life at the same time this recovery is very long in the tooth its its been almost i guess the third maybe closing in on second longest expansion in the record books so lackluster for sure but do we see the things there that are necessary to really take this thing to the levels of growth that these equity and bond prices have been implying i dont see it i want to switch now to an article you wrote on seeking alpha you say that when people think well they think about money and stocks but you make the claim that wealth is the stuff we actually buy like oil land food and fatter and now evan those are the things that really determine wealth why is it that we see a bigger focus on stock than money. Well you know history is clear on this actually we see the pendulum swing from fascination with things those of the real tangible assets you just mentioned to a fascination with paper were coming out at the tail end of the longest period of financialization in our history so theres a lot of fascination with paper right now but id love reminding people that real wealth is not money its not stocks its not bonds its not the riveted each of those is a claim on real wealth and to make it simple if youre on a Deserted Island its just rocks theres no freshwater no soil no nothing youre big pile of cash isnt going to do you any good so its important to remember that real wealth is land its resources thats primary wealth its the means of production thats secondary wealth Everything Else is a claim on those first two and history is complete ashley we see times when those two things got badly out of balance like in why march or money or in some bob way or recently in venezuela and thats what we think is where we are is an extraordinarily in balanced market with the highest levels of debt the highest levels of unfunded liabilities and the highest equity prices these are all claims not real wealth chris some say that most of the largest bubbles and has three have occurred when Price Inflation on the assets becomes higher than and comes can sustain that now if that holds true what would you say is the next great bubble to bert. I think were in the everything bubble here actually what weve seen is since the late one nine hundred seventy s. Early one nine hundred eighty s. Depending on which country were talking about an experiment started to be run and the experiment was this could we expand credit its twice the rate that the underlying economy was expanding so in this story the credit fuels the asset bubbles that you just talked about those asset prices and on the other side the economys your income thats what can sustain the prices of these things so where are we seeing sort of bubbles listen i dont know you know every bubbles in search of a pin but i dont think that we just have a housing bubble in vancouver in toronto in sydney in San Francisco those are true we dont just have a bubble in european junk debt which is now trading with a lower yield than us ten year debt figure that one out if you can we dont just have a bubble in equity markets which are priced at the highest theyve ever been this is kind of the everything bubble unlike the prior bubbles that we saw in two thousand and seven and two thousand and i cant find any really undervalued places to hide this time except cash in commodities chris every word to experience a financial disaster in the near future do you think our current markets are ready you know do what you think weve learned enough to offset the damage that could be done. No unfortunately the lesson that we should have learned in two thousand and eight was hey that was a bad idea creating so much credit that you defined what a bubble is when asset prices rise beyond what incomes can sustain but to have one in the first place you need one thing always one thing and thats too much credit so our credit markets fell apart and rightfully so we were running a bad strategy in the Federal Reserve along with the bank of japan bank of england bank of Canada European Central Bank said not on our watch lets get those bubbles going again were going to push credit is the markets they did a great job we have enormous amounts of new debt in the system since two thousand and seven but what we havent had is the organic underlying Economic Growth that would justify those actions so you know when this next crisis comes are we ready for the answer is no we have more debt just as much derivatives on the books and worse we dont know where the risks really are because dont forget these big banks big Financial Institutions are still allowed to account for the derivatives on their books by something everybody calls mark to fantasy whatever that whatever number they want theyre still not marking to market we see emergency provisions stuffed into place in two thousand eight still muddying the waters all the way here ten years later chris dodd switch over to tax free for mom what kind of impact do you think well see now that trump and the g. O. P. Have passed their latest version of it. Well were seeing some i think some very positive developments with companies deciding to give some of that cash in bonuses to their employees thats going to come straight into the economy ive long been a critic that if you want to do emergency cash infusions go ahead and do it money for main street at least then it gets to the places it should money for wall street not a fan of that wall street fritters that stuff away so thats on the Positive Side i will take the other side of the estimates where they say maybe a trillion dollars in new debts will result im going to say that numbers at least off by a factor of fifty percent maybe more it could be two trillion could be three trillion because actually the way they calculated that number first you can disagree with that under any circumstance but they also assumed no recessions are going to come along and were going to get really robust Economic Growth at a rate we havent seen in ten years so on those two basis alone i think that were going to see much higher deficits coming down the future and of course i think the u. S. Treasury markets already agreeing with that as we watch Interest Rates climb everywhere from one year to the thirty year paper were going to leave it right there Chris Martenson the c. F. O. And cofounder of peak prosperity dot com thank you so much for joining us today. My pleasure. Before we go donald trump will or should show up at the state of the union but who will be there will it be teleprompter trump or davos trump that i witnessed in davos last week at the World Economic forum well he should probably be that davos teleprompter prompter trump and heres why going into the forum there were a few trump opposition protests primarily in zurich when air force one touched down in a small group there in davos itself while a few davos attendees walked out of the president s speech one eyewitness with a t. Shirt proclaiming i stand with eighty the president s remarks remained uninterrupted he was scripted and stayed glued to the words that appeared in the teleprompter and it worked the result he spoke about his America First agenda not meaning america alone he was in fact warmly received and avoided up setting Global Political and Business Leaders most of us recall that he didnt do quite that of the on his few forced foreign forays last year to the middle east and to europe and the reception in davos with Business Leaders was likewise pretty positive his davos speech home to many and was a success by almost any measure thats the fellow who should show up for the state of the union davos teleprompter chump so doing so is particularly important given the heightened an angry and tegan ism of Many Democrats the president shouldnt inflame already smoking embers many recall rep joe wilson shouting out you lie during one of president obamas state of the Union Addresses it was by any reasonable standard pretty bad form the u. S. House of representatives where the speech is delivered is not the u. K. s house of commons where booing and hissing cat calls and shout out sorry. Regular regimin the state of the Union Address should be a place for inside voices and making progress for our nation but this isnt just about being respectful of the speech of venue or of those in the room its most importantly about doing the right thing for our nation and the only true way to make long term positive progress is to work with members of both Political Parties thats particularly important on an issue that President Trump has touted all the way back to the twenty sixteen Campaign Infrastructure reform today the president and his administration has only provided a six pages six pages of bullet points on infrastructure its a trillion dollar plan for gosh six six pages come on that needs to be fleshed out with more detail and the state of the Union Tonight is an obvious opportunity to do so furthermore infrastructure is not a very partisan issue the policy debates around infrastructure usually center more around urban versus rural transit versus roads debates than partisan politics a davos teleprompter trump could make a heck of a lot of progress if he speaks about the need for infrastructure reform the fission sees that would be created not to mention the jobs and boom and business to the overall economy for the democrats they should really refrain from any bad behavior whatsoever that would be decidedly difficult for some who believe the president has worded opportunities to Work Together and put in place a Tax Reform Program that will only exacerbate the current wealth gap and as demean the office of the presidency nevertheless democrats should be respectful and civil we want people in Public Office who believe passionately in causes thats what our democracy is all about what its based upon but the state of the Union Address however it isnt the place to deride or demean the president nor the president to be particularly partisan or sort of go to his learned worst instincts we can all do better well see if the president and the Congress Republicans and democrats alike can do a better job tonight well see and well listen. Thats it for now thanks for watching be sure to catch boom bust on Youtube Youtube dot com slash boom bust party catch you next time. The release the memo moment is upon us republicans are billing it as some kind of Silver Bullet revealing political corruption at the highest levels of the department of justice and f. B. I. The democrats on the other hand and their supporters in the liberal Media College a distraction finally the public will decide how much of. This little bundle of joy he would have no chance of surviving in the wild. This can only win one cup at a time but usually give birth to. Every year china puts a lot of effort into making up for this cruel mistake of nature. Is just. Chinas penda 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 funded think if pandan 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. Drugs. Low getting the best out of the dogs with. The concepts i was preparing to perform i had to actually prepare myself to die i. Dont know said hed want to know so he cursed with. Q. And a homo stuff done to her. Scanty because. She had the goods sewed on station. So. What. Was it he could with. Yes get depletion so i took it to education a couple so kind of toilet p. S. K. I mean here you. Gotta. Look. Bad. But im not. God god. God god god. The b. B. C. Is accused of bias as the u. K. s house of lords questions the corporations breaks it coverage following the release of damning report. Donald trump is caught saying hell definitely release the contents of a controversial classified memo. Alleging abuse of surveillance powers by the f. B. I. Early. On. To pharmacies in the german city of frankfurt are embroiled in a race storm after their centuries old names are deemed offensive to african migrants we gauge reaction from the local. Simply historic term in the pharmacy doesnt for sure doesnt use it to be to be offensive we shouldnt change our traditions. A warm welcome youre watching r. T. International with me nicky aaron good to have you with us this hour our top story the b. B. C. Has been accused of bias in its breadth it coverage with the majority of its guests said to hold a pro e. U. Stance as according to several recent reports which have prompted anger in britains house of lords. Frankly is a pretty p. C. Has become the supporter over for organizing. For your new dave brooks its true mr do the do the city recently that his job in brussels is move even more difficult if every time he makes a small advance for his problems of mind for the b. B. C. To in order because you do a duty of impartiality. The report was by an Organization Called civic tasm a amusingly called it the Brussels Broadcasting Corporation and they found that over a long time period ten years up to two thousand and fifteen out of more than four thousand guests who were asked to speak about the European Union just a tiny fraction of one hundred thirty two of them were in favor of this but todays report is from the institute of Economic Affairs and it allies two of the b. B. C. s key Panel Political shows if you like so question time and any questions and they found that out of six hundred panelists who were invited over the last eighteen months two thirds of them supported remaining in the European Union with just a third of them supporting it and not only that but if you recategorized the people who did support remaining in the European Union but are now implementing brecks it inside the government youd still have a sixty forty split against bracks it has a little bit of what theyre talking about you cannot leave free access to a market of five hundred Million People without making yourself poorer than you otherwise would be actually one of the immigrants that is no longer welcome ham polish really for twenty three years now theyve been discriminated until breaks it came about can you. Ive got some other quotations i was saying in spite of bricks or you just have to listen to the news of the generalizations. If you want to serve i think anyone whos listening to the news room recently has heard the unsponsored broaches so terminology that your audience the b. B. C. Has sent us a statement responding to this latest i. E. A report it says that these programs are not single issue programs and also that it doesnt just invite politicians it invites commentators and leading figures from across the life spectrum in this country it also says that the b. B. C. Is no longer reporting on this binary choice leave all remain which the electorate faced in the referendum theyre now giving the public the opportunity to hold politicians to account over the way that theyre implementing breaks it and weve also contacted several unions and other organizations that represent journalists and we will bring you their response when we get it the editorial guidelines of the corporation however say it must be inclusive and reflect a diversity of opinions. Donald trump has been caught on a hot mike saying he will release the controversial classified memo allegedly detailing abuse of surveillance powers by the f. B. I. It happened as the president was leaving the chamber after his state of the Union Address he was asked by republican lawmaker jeff duncan to release the number. Was released four. Hundred. He claims the document reveals the f. B. I. As abuse of the Foreign Intelligence Surveillance Act particularly with regards to claim is found in the Infamous Trump dossier if confirmed it could damage the reputation of the agency and the Ongoing Investigation into trumps alleged links to russia the memo was drafted by the chairman of the u. S. House Intelligence Committee with senators voting on monday to make it public some of the Committee Members who read it called it absolutely shocking and worse than watergate President Trump has told friday to decide whether to release it the reaction to trumps first state of the Union Address was mixed from Standing Ovations to booing so america was following the speech. Arguably one of the most important announcements of the night keeping Guantanamo Bay open in the past we have foolishly released hundreds and hundreds of dangerous terrorists. Only to meet them again on the battlefield including the isis leader al baghdadi who we captured who we had who we released. So today im keeping another promise i just signed prior to walking in an order directing secretary mabus to reexamine our military detention policy and to keep open the detention facilities in Guantanamo Bay. So hes going back on obamas policy but on Foreign Policy there was plenty of american exceptionalism mixed with platitudes and cliches he introduced the subject by naming every socalled threat to the u. S. But in general it was all pretty vague he didnt go into detail explaining how he would accomplish any of these goals but beyond that trump took credit for eliminating i says and he seemed to have hinted at continued military presence in the region saying quote we will continue our fight until isis is defeated he ended it with north korea calling it the worst of all dictatorships warning that their pursuit of Nuclear Weapons could very soon threaten our homeland even though d p r k has never attacked another country before north koreas reckless pursuit of Nuclear Missiles could very soon threaten our homeland past experience has taught us that complacency and concessions only invite aggression and provocation i will not repeat the mistakes of past administrations that got us into this very dangerous position while russia and china have been trying to reduce tensions between the u. S. And north korea and they even called on the. Us to doubt provoke them anymore but somehow they were designated as threats and from speech around the world we face rogue regimes terrorist groups and rivals like china and russia that challenge our interests our economy and us in confronting these horrible dangers we know that we do this is the surest path to conflict and matched power is the surest means to our true and great effects i was just a watching mainstream coverage earlier and the only criticism big had well is Foreign Policy wise was that he was apparently too soft on russia. Lets discuss this further now of course live to independent journalist luka rivera a mystery of a thank you for joining us on the program now in his state of Union Address trying mentions china and russia as rivals which challenge American Values and interests why is he taking such a harsh rhetoric against moscow and beijing. Well i think thats a bit strange for us the reference to isis and the fact that boasting that also for syria not only for iraq but also for syria its the Coalition Led by america that wiped out isis is not true before and for a side obviously its a bit strange that he goes so far why would he wants to by the way to rebuild the Nuclear Arsenal to develop the Nuclear Arsenal of the u. West which is another threat to the world in a way to world peace and the only enemy that he can find is north korea with the present arsenal they could wipe out north korea with a tenth of the present they could do it so why rebuild they could do it so why rebuild increase the Nuclear Arsenal and at the same time in the same speech speak about the rivals of america challenging america. This doesnt sound very good especially since at the beginning of the week. The treasury published or revealed a list of russians on on the dark side of the force sort of you know the people who could one day get sanctions. Under sanctions and in it the whole russian government with whom is america doing to going to talk if it doesnt want to talk with mr medvedev almost the level of i mean this this is going incredibly far and its really not reassuring for the world yet china has already commented on johns remarks saying they reflect cold war thinking i would you agree that the president s address was quite aggressive. It was very aggressive and one you speak of deterrence you speak of potential mutual destruction so saying is it it that unmatched power of america would be the best guarantee for peace sounds a bit strange because of