[88] Peter Schiff: It's not the weather, the economy is headed towards recession!
Our lead story: Facebook made headlines buying WhatsApp for $19 billion. Now it's back in the news for a $2 billion deal to buy Oculus VR. Is this a good deal? Maybe not since Oculus VR's product is still in development. Erin brings you the details.
We invite economist Peter Schiff back on the show to talk about the US economy and whether or not current economic indicators mean that the US picture is improving. Listen to what he has to say.
For the Big Deal, Edward Harrison sits down with Erin to talk Bitcoins and taxes. For the IRS, crypto-currencies are like stocks and are not currencies. Check it out.
Erin sends out a formal invitation to Greek finance minister Yanis Varoufakis to come on Boom Bust post-election and defend himself against a number of accusations slung his way.
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Cryptocurrencies are a hot topic, but should we regulate them? Bart Chilton discusses the issue with special guest Gary DeWaal. Touching on even more bitcoin news is Correspondent Alex Mihailovich gives us a round-up on the major players. Ashlee Banks takes a look at the U.S. economy as a government shutdown looms over the horizon.
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OPEC agrees to its first oil output reduction in years, stating that it will it reduce production by 1.2 million barrels per day. Ameera David has the details. Then, Ashlee Banks reports from the Trump Hotel in Washington, DC, as President-elect Donald Trump says that he will be remove himself from his 500 businesses to avoid a conflict of interest. After, Marina Portnaya takes a look at what’s in store for U.S.-Cuba relations amidst Trump’s tweeting that he may reverse the recent rapprochement between the two countries. Bianca Facchinei then examines a new report claiming the U.S. may end up forgiving $108 billion in federal student loans.
Following the break, David Henderson of the Hoover Institution and Naval Postgraduate School tells Ameera whether he thinks Cuba will see real economic change now that Fidel Castro has passed. And finally, in The Big Deal, Alex Mihailovich breaks down two pipeline projects just greenlighted by the Canadian government.
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The global economy continues to chill as recent data paints a gloomy picture just over the horizon. RT Correspondent Sara Montes de Oca and Jeffrey Tucker of the American Institute for Economic Research join the show to sift through the stats and what they could mean for markets. Plus, Jeffrey Epstein may be gone, but the mystery surrounding the man continues to thicken as new earnings have been unveiled. RT Correspondent John Huddy is on hand to delve into the details of the new revelations.
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Miami is hosting a major bitcoin conference; Jeffrey Tucker talks to Bart Chilton from Miami to get the latest updates from the crypto-world. It’s a fight for DACA, Dreamers, and more; writer Todd Miller discusses the issues as America looks to solve the border problem. Diana Ramirez joins us as well, as we tackle the economics of sexual harassment in the hospitality sector.
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It’s the next part of our Best of Boom Bust shows! We’re looking back at some of our best interviews with some help of Bart Chilton.
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It’s Friday and more importantly it is one year since the UK decided to leave the EU. That’s right viewers, it’s Brexit’s one year anniversary. Bianca Facchinei takes a look at all sorts of news in regards to Brexit. Across the pond, our own Lindsay France sits down with Larry King and Ed Schultz as they interview a host of guests to talk about Brexit and what the future holds for the UK as it looks to the future. That and more on today’s Boom Bust!
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Facebook’s latest information leak let loose more than 50 million user’s data and Erich Reimer says that it shows Facebook is unable to control its data. He sat down with Bart Chilton to discuss it all. Gold is up at all-time highs but is it signaling trade war? Chris Martenson breaks down gold and the stock markets. That and more on Boom Bust! [1047]
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Stocks around the world continued to rally for a second day after Donald Trump’s presidential victory. Ameera David has the details. Then, Ashlee Banks breaks down New Jersey’s decision to take over debt-burdened Atlantic City. After, Alex Mihailovich joins from Toronto to discuss record high OPEC oil output and how markets are reacting.
Following the break, Axel Merk, president and CIO of Merk Investments, joins Ameera to explain why stocks are doing so well after the election, and why pollsters were so unable to see Trump’s victory coming. And finally, in The Big Deal, Edward Harrison discusses the strained ties between Turkey and the EU, as the refugee crisis continues to be a key point of contention.
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