Rickards on Greece, China, Iran & Trade
French President Francois Hollande is holding an emergency meeting of his country’s defense council after newly published documents reveal American agents had spied on him and his two predecessors. According to the documents, released by Wikileaks between 2006 and 2012, the National Security Agency spied on the three French presidents by listening in on their work and personal phone calls. Boom Bust’s Ameera David weighs in.
Erin Ade sits down with Jim Rickards – chief global strategist at West Shore Funds and author of "The Death of Money." Between Greece attempting to come to an agreement with creditors, lifting Iran sanctions, and a stable Chinese economy, Jim tells us where we are in the currency wars timeline and gives us his take on why we have trade agreements at all.
Afterwards, Bianca Facchinei takes a look at the rising cost of rent across the United States. Rent has been on a steady rise for a while, causing an especially difficult time for the lower class. But coupled with other issues in our economy, the middle class is struggling now, too.
After the break, Ameera and Erin discuss the Senate voting to advance President Obama’s trade agenda by approving a measure to allow fast-track authority – paving the way for the Trans-Pacific Partnership to follow through.
RT correspondent Lizzie Phelan looks into the latest from Greece, where officials met with eurozone ministers today in yet another attempt to negotiate and strike a deal with its creditors.
And in The Big Deal, Ameera and Edward Harrison discuss countries that are at risk of defaulting. Greece is not the only one. It is not even the most likely to default. Greece is in the limelight because it is a member of the eurozone.