them more is going to cost us. they cannot afford it right now because they are depended on the u.s. market. if we were to deny that market to china, or even some chinese enterprises, that could very well be the trigger for the loss of confidence in china. 2015, 2016, there was massive capital outflow. the only reason why it s down this year is because of draconian capital controls making china look like a republic. we have the upper hand. trish: let s not forget it. thank you so much gordon chang. good to see you. is something less rotten apple? their apology for slashing battering prices after they slowed down over phones. is there going to be enough? counties across the country are offering extended hours tomorrow to prepare a list taxes, but do you have to? property bob massey is here to
on one side rather. is claiming that there are a lot of security concerns as well as if you regularity is found in some ninety eight percent of the foreign trade but we can t really what s happening on the other side of that coin is that they re not very familiar with the whole system so therefore that kept out this will also stop any kind of our capital outflow which they have been trying to do to ease their debt buyer but exchanges are the only way to trade bitcoins to chinese investors have access to online charge they do indeed as difficult as it is right now they do have alternatives for spots to pick them from and then we re talking about over the counter trades as well as offshore to me it s particularly if you re not registered your wallet or your idea is not registered with the authorities that said however bad china it is said to be working towards implementing digital currency in the future how do you know how far
the things which are happening. they understand that they no longer can predict russian government s activities. and they also see that russian government has no priority in attracting investment. and that s why the acceleration of the capital outflow. and that s why, for example, the official forecast for this quarter, the first quarter of 2014, capital outflow is at something like 70 billion dollars, which is the total 2013 annual outflow. so russian economy s already taken a hit. but much will depend on what rolls out after, what kind of saxes will be imposed and what the sanctions that are already imposed, how they will play out. tell us about the nature of these sanctions. because at the end of the day, correct me if i m wrong, something like 70%, 75% of the russian government s revenues come from oil, natural gas, things like that. nobody s talking about imposing a ban on the buying and selling of that. so how effective can sanctions
support today s retirees. what we have in the debt crisis is of course there is no debt crisis. part of the problem here is the language of debt ceiling makes us thinks we are talking about the same thing. the debt ceiling is not a crisis. it is a decision. we are standing in a burning house. the people who have the key to the front door to let us out, instead of simply letting us out of the house as it burns are trying to turn around and make a deal about the terms we are able to walk out of house. that s ridiculous. we must raise the ceiling we are not in a crisis, the crisis made by extremists in your party that are trying to hold the country hostage. other than that, there wouldn t be a crisis. you know, you can pay me now or pay me later. can you be portugal or greece, where you have violence in the streets because there is no jobs, capital outflow which is exactly the path that some wro have us on. ignoring the reality that our debt is increasing. with this year alone t
can you be portugal or greece, where you have violence in the streets because there is no jobs, capital outflow which is exactly the path that some wro have us on. ignoring the reality that our debt is increasing. with this year alone the failure to raise the debt ceiling by a trillion and half dollars. if we would do with barack obama wanted with his first budget submission we have by the end of president obama s first term, we will have accumulated more publicly held debt than all of the former presidents combined from george washington through george bush. and this notion that federal debt, in the context of the kind of economic crisis we are in right now, this is a distraction. this deficit hokishness is a decision on the part of the gop to shift us away from the responsibility we all have to one another collectively for the creation of jobs. look, the fact is that when the private sector let us down and they fund nltly did in the 2008 crisis, when the private sector