The first model 3 built in china rolling off the Assembly Line and elon musk tells his employees quote, pay no attention to the stock price, unquote. Im Ashley Webster in for stuart. Varney company about to begin. Ashley lets take a look at the gains for the major averages this year. Wow, oh, wow. The nasdaq, 35 . The dow, 22 . The s p, a mere 29. 25 . Joining us now, market watcher keith fitzgerald. Fitz, for big gains for next year . What do you say . Why not . Oh, i think weve got all the right things in play. Weve got record consumer confidence, great economics, companies growing. This is a great time to be alive and be an investor. There is always a possibility of shortterm correction but you know what, even a busted clock is right twice a day. Ashley more and more of those socalled experts are calling for that correction. Ten, maybe 20 . Whats going to trigger that . Well, you know, its the same old stuff. It could be a misplaced headline, could be a misguided escomputers. They s
A private cryptocurrency a global basis is good with the future of medium of exchange and stores of value around the world. You know as well as a doctor living in Interesting Times someone once called it the age of rage because we have global unrest and global protests that are all stemming from bad years and years of bad Monetary Policy collapsing currency and financial inequality as actually summarized earlier so this created the perfect storm for just a huge disruptor like big point to emerge as an equalizer for all the citizens who are being affected so when theres unrest when there is uncertainty people want to regain some lengths of control and crypto is the big equalizer here and something that happened really recently was malaysia last week the u. S. Told malaysia that any iran ian citizens cannot have a bank how you go out and close all the Bank Accounts. Well how is that fair this isnt targeted theyre not targeting any Government Entities this isnt targeting any terrorist fin
To discuss the fate of the worlds most popular. And well we didnt look at the positive growth of cryptocurrency not everyone is on board while in singapore because he spoke of the best are an author jim rogers to discuss his skepticism over the growing class. Thanks for being with us today a lot to get to so we begin here. Over the span of the past 2 years we have seen turmoil gripped several parts of the globe from hong kong where months of unrest have shaken what was a previously financial haven in east asia to iran and venezuela worse asians have taken a toll on the economies of those nations and because of the rise of the upheaval in those countries weve also seen a boom in big coin mining and the use of crypto currencies in order to circumvent Financial Issues Jeffrey Tucker of the American Institute of Economic Research and christy i recently joined bridger born ceremony as they are going to analyze how global unrest may have been beneficial for a growing cryptocurrency sector. Y
System and put in question whether or not we really own our deposits we need some independence or of wealth and i think because as is becoming the big question another crypto currency is also you mentioned venezuela there are many many different cryptocurrency that are being used there are now thousands of them and theyre all fungible one with another each other its a Wonderful Technology and and i personally believe Something Like a private cryptocurrency a global basis is good with the future of medium of exchange and for value around the world. As well as a doctor living in Interesting Times someone once called it the age of rage because we have global unrest and global protests that are all stemming from bad years and years of bad Monetary Policy collapsing currency and financial inequality as actually summarized earlier so this created the perfect storm for just a. Huge disruptor like bitcoin to emerge as an equalizer for all the citizens who are being affected so when theres unre
In malaysia supposed to survive if an entity such as the u. S. Can come in and strong arm the country into shutting down your Bank Accounts like you said kristie a lot of these people are now relying heavily on these crypto currencies but could countries really ever block the use of them because theyre becoming so popular. But how all of the sudden. Well its going to be on ramps and they say on ramps on the off absent are a problem theres absolutely no censorship in the network itself so if you own crypto you can pay with crypto you can own it and transfer it not for sale but if ever you tried to move in and out of the National Currencies thats where governments become very significant they can they can ban a 2nd taxes they can regulate its they can regulate the exchanges and i must say over the last 11 years thats become the big problem in the crypto world so its becoming its own ecosystem and and its really true that the worse governments get the more sense sorious they get and the m