it is issued a position paper on credit default swaps c.d.s. is an observant catholics may want to review their portfolio an official statement from the catholic church's body for promulgating official doctrine called the contracts a ticking time bomb ready sooner or later to explode and poisoning the health of markets the thirty four point statement from the vatican's congregation for the doctrine of the faith applied longstanding elements of church doctrine to recent events and contemporary circumstances but likely did so with greater force under pope francis's leadership francis the first pope from latin america and has chosen to sharply emphasize spiritual an ethical perspectives on economic justice and quiet change in a break with his recent predecessors pope francis may have coined a great phrase when he pontificated that quote if we want to if we want real well bill it being of humanity money must serve not rule. and time now for

a quick break but hang here because when we return alex karlovic helps us understand the merits and money associated with meatless meat plus we're joined by one of our favorites the big queen of switzerland result olga fels the c.e.o. of smart valinor as we go to break here the numbers at the closing bell will be wrecked and. trade wars don't make any sense because the only way to keep these countries dependent on the dollar is that they have to export to the u.s. in exchange for dollars because they need dollars to be part of the global economy and so when you go into a trade war and you cut that off you kill you and you put a gun to your head and commit financial suicide by killing the dollar which is what the company ministration seems hell bent on doing that month.

across europe municipalities are taking their water supply back from private companies to me to peep out the cells with simple song alone even some company elsewhere they invite private companies to take over the utilities many bought a telescope of a lab from michigan she got to be a violent up there might be cool i've been this is. just because i'm out of political office and for you i don't believe the left still brought up locals are ready to stand up for the basic human right of access to water it's about water but it's also over much more and more it's about to hurt and the redistribution of our west works on their debt downwards we want all. i can tell you i have killed thirteen people with missile strikes and there are one thousand six hundred and twenty six unnamed enemies that were killed and all the

missions that i completed and i know that i know that for a fact and i know each of these persons was a human they had a family they had friends they had lives and we ended the possibilities are and. we have to judge countries action to meet their set directives case per case so we need more objective but the reality is. you know media tries to get the facts but also believe. their world view so this is where social media and direct communication comes in unfortunately it's sometimes called fake news it sometimes is but it's sometimes actually a different world view not case just fake news by powerful people.

welcome back macy's has beaten profit in revenue expectations for the first quarter of twenty eight and as increased sales for two quarters in a row the u.s. retailer which also owns and operates bloomingdale's outlets reported one hundred thirty nine million dollars and profits and robust growth in online and mobile sales the strong results led macy's to revise that increase their profit projections for the year meanwhile wal-mart's profits took a dip in q one even as net sales figures increased strongly beating expectations net income at two point one three billion dollars was down by nine hundred five million dollars from the same period in the previous year like macy's wal-mart's online sales were a big bright spot increasing by thirty three percent wal-mart shares fell by nearly ten percent on the news. another fox has flounce ability now for

guarding the henhouse and the trumpet ministration this time at the federal trade commission or f.t.c. lawyer andrew m. smith was confirmed on a party line vote of three to two among the f.t.c. commissioners as head of the f.t.c. s consumer protection unit for the past two years mr smith has represented companies before doing business before the f.t.c. is a partner at the washington law firm of covington and burling and clued in monk his clients as facebook equifax and over facebook an extra facts are now the subject of two f.t.c. investigations related to data breaches while recently reached a settlement that the consumer protection unit will enforce mr smith also represented payday lender am g.'s services which was founded by a convicted record tear and paid the f.t.c. a one point three billion dollars settlement the largest in f.t.c. history over predatory lending the good news is that mr smith has said that he will recuse himself in cases involve. having his former clients there is that.

with concerns growing over the sustainability of eating meat more people are turning to plant based diets the meatless meat industry has investors clamoring for a seat at the table archies alex a highly of it is in toronto where he's been following the story alex great to see you as always it looks like this industry is rapidly moving beyond the traditional vegetarian and vegan population what can you tell us. well you know our like receive vegetarian vigor vegan restaurants popping up all over the place here in toronto they're quite popular but this isn't really what we're talking about we're talking about the mass population and plant based food so it's chicken that tastes like chicken pork that tastes like pork beef and also they even have certain beef that that bleed kind of you know the juices come out of it so looks like real beef but it's actually plant based i think they're actually trying to go for people like me which is most of us that are failed vegetarian the i'd like to be

a vegetarian so let's call it a flexitarian there actually is a term where i'll toss in a steak every once in a while but i want to eat plant based foods as much as possible so these guys are trying to appeal to people like me and possibly you bart i don't know if you're in the same frame of mind i'm with you. there you go eat a healthier diet and it's a growing component of the food industry now between two thousand and eleven and two thousand and fifteen a twenty four percent annual growth in that meat substitute realm of foods that means it's massive it's just been getting bigger and bigger and obviously one of the biggest meeting parts of the world is asia and they see this as a key opportunity for them for growth this is a substitute plan and they're investing tons of money there's a company out of singapore is called thomas sect they currently invested one hundred eighty million dollars into a plant protein innovator called impossible foods and that's actually a u.s. company now china obviously going to be a huge market for this because china are massive mediators right now and their

government wants this to change this isn't the traditional diet of chinese the wealthier these people get the more meat that they eat and china want to pull back on the series a graph where you just give you a bit of a picture of what is happening in china they are consuming over a quarter of the world's meat and half of the pork in the world as i mentioned the chinese government doesn't like this they want to see healthier people and that they want this consumption to go down dramatically but also if you look at the u.s. itself i mean here's another graph to pull of what's happening in the u.s. meat consumption in the billions of. lbs we see that yeah it skyrocketed not only with the population in mind but also again consumers have more money so they're eating a lot more meat but you see that there's a little bit of a drop there and that's due to education so it's about personal health people are learning about that they're learning about the environment how what impact the meat industry has on it and also the way that animals are treated in these massive factories will talk about them on paul farm with you know twenty cows or ten pigs we're talking about hundreds of thousands of animals that don't really have the

best lives from an ethical standpoint people are stepping back as well i'm glad you mentioned the environment alex because let's just say the animal emissions as it were certainly add to global warming it's a big deal i've worked with a lot of these kalman over the years and they are certainly going to be looking at what actions they can take appreciate you bringing us up to date on this are to correspondent alex mann hyla to have a great weekend thank you you too. there is always a lot going on in the world of crypto currencies and we cover them most in the average more than the average program of course and we have one such interesting guest today although fell why are we lower the c.e.o. of smart valor and the big calling queen of switzerland who joins us from our new york studio although welcome it's so great to see you you've been at that consensus

krypto of at their new york city this week and we have followed some of it like federal express c.e.o. fred smith talking about block chain being used in the future of logistics and i know damn don tapscott was there we've had him on the program as you know but three you all go what have been the highlights this week. well first of all you know finally consensus invited me as a speaker just you know kind of prove that you really really made a know if they have they have a big point queen of switzerland exactly and apart from that you know i've been going there for the last three years and what struck me most is that you know this years there were like around nine thousand people just like really really he started as a small inside the conference event rate and it exploded to such a size it's unbelievable rate and what it's also special you know that today in comparison to what it was like three years ago there were a lot of traditional companies so not crypt c.e.o.

of like square its c.e.o. and so on and so on and they are all speaking highly about it because when and blotching and that is quite a new music yeah it is it's good to see some of the more mainstream people get it getting on board let me ask you about that we've talked a little bit in the bank about the banks you're a former banker yourself u.b.s. i believe and maybe some. other bank but you know the banks have been a little bit slow to get into this and then just in the last several days you saw the new york stock exchange reports are that they are developing a platform for trading crypto currencies do you think that the more institutionalized investors the exchanges are going to be coming to the crypto space in the near future or go. that's in the clear definitely i guess reuters around the survey asked financial institutions about their plan to get into the

cryptocurrency space and one out of five. planning to do so this year and this is why it's equating you also and it shows you know that crypto currency space but also you know protocol space is developed in into. turn into a facet class which cannot be ignored anymore. that's very interesting what talk a little bit about governance and regulation we're seeing more and more of this in the space like the winkle vi the little boy's twins the gemini exchange founders starting a regulatory organization or s.r.o. this one i think is called the virtual currency exchange how do you see governance and regulation going forward. well this is a very useful movement and i think this is a good solution is the right place to start because you see where the exchange is. simpler you buy and sell cryptocurrency but there are so many more. business

models around cryptocurrency s. and glock in technology right so it would be very unfortunate if that a glacier would step in and you know provide a very detailed regulation for all the different cases so so self-regulation this is exactly what we need industry coming up was a proposal how you know to what should visit rules of the ourselves would like to put on our on the other activity rates and how d.c. is the way forward to rate and this self-regulating forward this will also help that again later to really kind of engage was and to find the right way forward and this you probably know the self-regulatory environment is also very strong in switzerland and switzerland almost the largest part of financial intermediaries are regulated through self regulation organizations so it's also amazing to see this coming up in i think it's great development good hey before we go all go let me ask

you one more story i heard a story about a large yacht party did you hear that story one going on up there or were you on this yacht well you know it's actually i was also invited i just had no time to go no need for lamborghini you know what i will not i will not i will not then spread rumors about what went on on this yacht and nothing illegal but stopping us traffic an extravagant i was told but thank you so much for being with us all the felled by the c.e.o. of smart valor and the big calling queen of switzerland thank you all. and as we were just talking about the exciting world of crypto currencies we do that all the time on the program for your regular boom busters who watch and the future of money certainly includes crypto currency some say it might even be paper money might be obsolete rendered useless in the future but just because we talk about

kryptos all the time doesn't mean that crypto currencies on are on par with other institutional investment opportunities they're not so we take just a little time here at the end of the week to warn people to be careful the other day when we were doing a segment on crypto as we shoulda showed a couple of photos of the lamborghinis expensive and cool looking cars which were parked outside of the consensus krypto event in new york that's the event where it all tended and we thought the car is the pit of my eyes the new crypto rich but as it turns out the cars were not owned by crypto investors but actually placed there perhaps or rented by crypto exchange officials the exchanges of course they benefit they make money with increased trading using glamorous items like expensive cars as a way to entice people to invest if they think they too could own such a car if they just invest so just be mindful don't get caught up in the fear of missing out do your own due diligence

a report out today in the wall street journal looked at fourteen hundred fifty digital coin offerings and found that two hundred seventy one of them contained some pretty obvious red flags when i wrote my book on ponzi schemes a few years back i called them red flags of fraud and the types of things i wrote about in ponds ammonium are out there in force in the crypto world the journal reports that some of the i.c.a.o. website used stock photos or no photos of the i.c.a.o. team members or have no or fake phone numbers and what some of the scammers are doing in the crypto space related to the i.c.a.o. is ripping off other legitimate. i see all white papers i know this from personal experience the fraudster may change the name of the coin offering for example but keep all of the rest of the information in the white paper so the offering may look legitimate when in fact it is really bogus so ensure the websites are legitimate do a little extra work that could save you from losing your hard earned investment to

a sleazeball bottom line never send your money to anyone without being sure you know what and who you are sending it to that's it for now be sure to catch boom bust on youtube youtube dot com slash boom bust archie we'll see you next time ever great weekend. twenty forty you know bloody revolution to the demonstrations going from being relatively peaceful political protests to be increasingly violent revolution is always spontaneous or is it just a lawyer hiccup what if i mean you know let's put video to me in the news that i knew school in the middle of the fall the ukrainian president recalls the events of twenty fourteen. those who took part in this today over five billion dollars to assist ukraine in these and other it will ensure

a secure and prosperous and democratic. led i can tell you i have killed thirteen people with missile strikes and there are one thousand six hundred and twenty six unnamed enemies that were killed in all the missions that i completed and i know that i know that for a fact and i know each of these persons was a human being they had a family they had friends they had lives and we and the possibilities are. the united states has always had a tool to use and its tax on other countries. economic sanctions or are often just the beginning another thing you like to do is place some military pressure on the countries

a true talking about. and there is still be an effort to demonize that country and the leader of that country . we have a responsibility for the whole. and we need to make rules for the rest. because without us there will be chaos. ah ha. moment bottom because.

that is so. ten people have been killed and ten others injured after a student opened fire at a texas high school witnesses describe scenes of panic. you hear blue. ran out but it was still scary i didn't know what to do you know my everything shut up my heart started beating real fast i didn't know what to do. former russian spy started a script out is just shot from hospital in the u.k. ten weeks after he was poisoned by nerve agent. conduction president vladimir putin in the house a meeting with german chancellor angela merkel with the iran nuclear deal at the top of the agenda however. it's not all about politics here and staci

outsmarted coal and cement their decades long friendship and vowed not to let disagreements route things. thank you for watching r.t. international broadcasting live from moscow on cape cod which. ten people have been killed and ten others injured in a shooting at a high school in the u.s. state of texas the shooter has been identified as seventeen year old student demetrius by god says he stormed santa fe high school with a shotgun and a revolver and later surrendered to police several homemade bombs have been found at the scene and in the suspects home the governor of texas said information on his computer suggested the crime had been planned in advance. how the information contained in journals of his computer and cell phone that he said that not only did

he want to commit the shooting but he wanted to commit suicide after the shooting of the weapons used to. this attack. there are two weapons one was a shotgun and the other is a thirty eight revolver. and neither these weapons were owned or legally possessed by the shooter has information that both of these weapons were obtained by the shooter from his father. up and has more on how events unfolded. around eight am the school went into lockdown people heard shots in the hallway we are confirming that ten people are dead as a result of the shooting at santa fe high school which is roughly thirty miles south of houston texas we understand that at this point two people are in police custody one of them is alleged to be the shooter or the suspect who carried out the

shooting the other it's not clear who that person is there is a second person that has been detained now we are getting reports that the shooter is being identified as a male seventeen years old at a student at the school these are some of the people that were there at santa fe high school when the shooting began and about my friend got shot in our home and as soon as the alarms went off everybody just started running outside and they think you know everybody and you hear boom. ran. to the meirs or as i can i let go of my own. we all took off in the back and i grabbed turner into the trees as you know i want to be inside and then i heard four more shots and then we jumped the fence and some dude's house and then we ran to the car wash and i saw some girl she had a you know she got shot in the kneecap i guess and she had a bandage around it was limp in and then firemen came and daughter it was it was scary i didn't know what to think you know my everything shot up my heart started

beating real fast i didn't know what to do when the school has been evacuated and as it was being searched the authorities found items that they thought were possibly explosive devices and it has now been determined by the bureau of alcohol firearms and tobacco which is on the scene that indeed these were explosive devices . well just four weeks ago santa fe high school students took part in a nationwide walkout against gun violence it was part of the never again campaign for tougher gun laws started in february by survivors apartment massacre that was the third deadliest school shooting in u.s. history but they've become a worrying trend. well

to discuss this further with now bring in radio talk show host grace perkins who said look you for a while actually from now say they thank you very much indeed for joining us let's look at some of the information that's coming through then it's the twenty second school shooting in the u.s. just this year we want these cases becoming so tragically common. well i'm first of all not at all sure that statistic is correct the people who compiled those for the purposes as a propaganda against gun against the second amendment tend to include every kind of incident they can and that i think is more like the fourth or fifth if you consider a student walking on a campus or next student with a gun killing as many of his former fellow students as you can that doesn't happen twenty two times in five months i'm sorry it's just not happening it does happen

seemingly more regularly though and i think you have to consider this question when i was a boy in school in texas in the seventy's i remember guns in gun racks in the rear windows of students pickup trucks are remember not too long before that there was it which included coaches teaching riflery teaching boys and girls to shoot interest ed classes and ultimately the statement that can be made with confidence is the access to guns hasn't changed americans have always had guns but we haven't always had young men who want to make a statement by killing as many people as possible at school so my question is what has changed in the young men what is change in the culture what is change in the upbringing we have one hundred twenty million legal law abiding gun owners in america who didn't shoot anyone today and so the guns i don't think can be said to be the problem the problem is boys have changed why and how and what can we do to reverse that and get ourselves back to

a culture in which this idea doesn't occur to them it's a huge question i know but gun control is a huge question too and not likely to be successful and likely to cause chaos in american politics for a very long time if it's tried we had barack obama thinking of ways to do it for eight years and in the end he failed to try and the people most eager to do it in congress ended up getting on elected gun control is very much a third rail in american politics and i know it seems crazy to people from outside but there is a government web. site that shows that millions of crimes a year including murders robberies assaults are stopped by people who own guns and used them for self-defense and if you made guns illegal in this country if you succeeded in doing that you would unleash the biggest crime wave in my opinion in the history of humanity but that's my side ok and also focusing on that side that i mean we'll come back to the n.r.a. and also the gun lobby what you touched on before but let's also look at some of the other maybe practical measures that you touched on people to focusing on the

laws governing the purchase of firearms as you say criticism on support either way but what about the rules and how they're stored it looks like this shooter got the guns from his fallback perhaps that would be want to ask that they could be tackled yes. it could be i prefer to think of it in terms of simple security kate i know we don't want to get away from the guns but the guns situation is not going to change in my opinion politically here for a very long time and it's going to take a lot more chaos than what we've had so far even though it's big in the media right now the thing that bothers me is this country has to learn to fortify office buildings bank buildings government buildings they have security magnetic doors with key locks they have armed guards they have metal detectors there are many more of those buildings than there are schools in america and yet after all the school shootings that all the political chatter about school shootings no one has made a move measured only to secure schools in the same manner that government buildings bank buildings office towers etc are security even doctors' offices pharmacies

buildings with a reason to suspect that someone will come in with mayhem on their mind have security why hasn't that move been made we've been talking about this as columbine in the one nine hundred ninety s. why have we let an entire generation of american students grow up at risk of this without making any effort to secure the buildings in the same way that is so commonly done for other buildings across the country it seems to me like you could start to go fund me page and the parents and the families in school district would be happy to absorb this cost you wouldn't even have to tax and spend from a government point of view the people would do it themselves you've got to secure the schools and that's not just against guns it's against anyone coming in with any kind of mayhem on their mind is common sense and i don't know why we're doing it except i fear that the people who want done control are trying to capitalize on these instances to try to get the public in favor of gun control hasn't worked yet it's not going to work this time i vote for security for school buildings it's

common sense well as well as i look at that they'll say so you're in favor of it you're backing up then all right but the highs on the other side being widespread criticism of the gun lobby especially the n.r.a. in blocking those gun control laws and i have brought public support do you think that is a good bet that the n.r.a. and the gun lobby bear any responsibility for what is not really. no the n.r.a. has a bunch six million members they were originally formed to make sure that laws were not passed and movements were not grown to disarm black people shortly after they were emancipated from slavery by the republican abraham lincoln because that was the move of the democrat party at the time was to terrorize and intimidate black people and disarming them with local and city rules to that effect was one of the things they did the n.r.a. was formed to prevent that from happening the n.r.a. is a tiny sliver of america's population but what it represents is how the public feels the majority of the public we have one hundred and twenty million vote.