Their Quantitative Easing Program to a ten year yield target and that has forced them to decrease the amount of monthly 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 demarche 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 act and place 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 fed mean that were just speaking about and they talked about Interest Rates being risen later as close to one twenty your other numbers that the closer you get. Local blogs selling you on the idea that dropping bombs brings police to the Chicken Hawks forcing you to fight the battles they dont want. To stop spreading tell you that will be gossip and probably less trials of the most Important News today. Of the bad guys and tell me you are not cool enough unless to buy their product. These are the hawks that we along with our audience will watch. Kentucky. Boy youre going to. A coma any city with almost no coal mines left. The jobs are gone all the coal mines are said id. Love to see these people the survivors of disappearing before their eyes. I remember thinking when i was younger that if anything ever happened to the coal mines here that it would become a ghost town but i never thought in the million years i would see that and its happened its happened. Heres what people have been saying about rejected in the senate its full on. The only show i go out of my way to find you know what it is that really packs a punch. Is the john oliver of harvey americans do the same. Apparently better than. I see. Heard of love redacted the night president of the world bank take. Me seriously send us an email. Last 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 should seems they are pulling out as of today the federal Emergency Management agency fema is ending shipments. 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 lack 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 and are joined by exchange executive worthily ab ski who has a cease creates street executive in several benyus 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 timely in the things havent changed like Digital Currencies accept or now let me ask about one of the changes that came into effect or the bill for the wall street reform 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 the submission the simultaneous submission of large orders of electronically generated quotes and 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 markets 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 c. 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 that 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 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 Bitcoin Futures listed at the c. B. I. We are the seamy c. M. E. Or the spot currencies of these 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 b 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 v. S. E. Has been very strict in their interpretation of the requirements and it might be some time before we see specific crypto currency 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 half. 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 or thats a 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 stuff by the operators of 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 thats even steps in 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 gox 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 willing 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 affectively 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 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 a around the country around the world quite frankly are skittish about getting into it and so individuals are looking at how do they get into the 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. No im not again im really interested in dusting and 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 whats 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 and 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 support from a manager for bison 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. Seen 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 members he would have better a lot better and i think its fair and hurting when i buy my baby says my book was published in the year two thousand more than half a million americans have been killed by followers of the u. S. How does the team yes we did 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. 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. I want to show people in russia that there is another point of view and this is the goal of my campaign i know you cant win on the elections where the only point it always wins for there is no talking what would be if i would win i will never win on the elections like in the casino where almost always because you know when. I i. I i. I. The b. B. C. Is accused of bias as the u. K. s house of lords questions the corporations brags of coverage following the release of damning reports we hear from one of the authors. I think its pretty cold that a public broadcast risk you get some time with it so dramatically in this direction it all looks political issue over the top. Donald trump is caught saying he will definitely release the contents of a controversial classified memo alleging abuse of surveillance powers by the f. B. I. And israel is to sued to New Zealanders who allegedly convinced of the pop star lord to cancel her tel aviv concert. Broadcasting lodger up from our studios in moscow this is r. T. International im john thomas certainly glad to have you with us. At the b. B. C. Has been accused of bias in its brags that coverage with the majority of its guests said to hold a pro e. U. Stance that is according to several recent reports which have prompted anger in britains house of lords now the corporations of toral guidelines however say it must be inclusive and reflect a diversity of opinion making heard the full spectrum of voices on the political stage but the reality appears to be quite different in practice. Across our output as a whole we must be inclusive reflecting the breadth and diversity of opinion we must give due we