else was premeditated the saudi sent a team there to take care of him to kill him they deny that the turkish authorities are saying he's dead and so we're just awaiting word on where we are but it looks like the worst has happened to him steve there are some calls in the us by senators and others to say you know we should start to sever ties in some way with the with the kingdom i'm not sure how likely that is to happen given that you know mr trump president trumps first foreign forward for a to that nato meeting back a last year was to the saudi arabia although recently i guess he's put some trying to put some pressure at least rhetorical pressure on the kingdom to bring down oil prices could maybe look in the mirror to the u.s. for that but what are your thoughts about whether or not steve anything will be done with regard to the u.s. policy towards the kingdom. i just don't see it you know under obama the saudi relationship was strained with the u.s.

doesn't donald trump considers the saudis. a big ally in the fight against terror in the middle east and of course we have a common enemy in iran they even prove their relationship with israel also over iran you do have senators bob corker he's the chairman of the foreign relations committee in the senate he's already said he's met with the saudi ambassador to the u.s. to get answers you have senator coons that murphy two democrats on that committee tweeting out today their displeasure they want answers but i got to tell you i think we could point to turkey turkey has one of our pastors an american pastor by the name of andrew bronson they've been holding him and turkey will not release him so we put some sanctions on turkey i don't think this is going to result in as tough a penalty against turkey. or a tougher penalty against saudi arabia that we did against turkey this is not an american citizen he's not a religious figure and so far donald trump and the administration have basically

said not much when it comes to the crackdown that the prince has been a bit ing in his own country to square to you know discontent and bad bad press and ali what's your take on this and then i want to talk i want you to talk if you wouldn't mind about the economy that the saudi economy i remember i don't know two thousand and ten eleven i mean the g.d.p. was like off the charts you know i don't know eight nine percent or something so do you think anything will be done in this regard with with regard to severing any ties with a not so u.s. your anybody else regarding this supposedly matter and secondly what would be the impact if so on the kingdom the time but it. has not been a place to sanctions and the saudi government or the monarchy so i don't think this would make a difference. yes shogi was a u.s. resident and the u.s.

could have found if they wanted they could find something to make they send the f.b.i. team to help investigate this. the u.s. senators know they could say what they want but they don't make policy it's the state department and the president and the state department give a very basically definite those who can understand the diplomatic window is that we don't really care we are monitoring the situation they have no position on it meaning that they are referring to the saudis on this they have not supported their ally nato ally turkey which they did with the with the british regarding the accusations of russians been killed in u.k. territories so they did not do that with with turkey so i don't think. anything will change it this is. just a few minutes ago is said to be a baby

a life so we will see and wait because this is still a mystery and if he is that that's good news obviously for him and his family but. we will not see a change of yours policy because over over this this issue mr hersh ok i wanted to say was not a dissident he was a loyalist all of his life even recently he pledged allegiance to the king he may have some grumbling with mohamed bin said munda mad king of saudi arabia but he remains committed to the regime and he in fact opposed dissidents who are who wanted a kind of change or or tremendous change or reform in the country so this is a case of a loyalist who turned against that he g.m. in some way and he must have been used as an. example to show other loyalists in the government that they cannot defect it's the media and they showed us policy

against mass defection from the current to the. motor that kind of the government mr ward for many years photo said of the bodies of their own family and maybe he was doing that. and i thing and that we have i have no idea but nevertheless his loyalty i think what it against him when the decision was made to either have to lead us to move to eliminate him yeah thank you ali and steve you know we have looked at growth in the kingdom and they've done ok but it's certainly suffered with lower oil prices recently and you've spoken before about the effort to sort of try and diffuse the reliance upon petroleum i mean forty two percent of the g.d.p. in the kingdom is from these petroleum reserves they've got the second largest reserves in the world but how are they trying to expand their revenues and their

businesses steve well for instance a vision to twenty thirty which is what the prince's been begun almost as a distraction to what he's been doing with the crackdown it's an entertainment industry that's just springing up all over saudi arabia movie theaters cirque de soleil a big park with six flags franchise inside it all kinds of comedy clubs and and street fairs which is very unusual in saudi arabia he's trying to appeal to the millennial one third of the millennial in the country are unemployed they've seen because of what's happened with the price of oil they've seen government subsidies cut down and now they're seeing. a lot of money is going to subsidize this new entertainment industry so although he's trying to appeal to millennial who may have been out of the country and have come back and want the same kind of you know entertainment value with the or in. saudi arabia so to speak the other olds who depend on the subsidies who are very religious they're not happy

they're saying why should our money be cut and now you subsidizing this entertainment industry and by the way you know we're while hobbyists and we don't really like the scantily clad people on these risque kind of movies so it's a it's a real quandary for the prince but that's something he's trying to do but again i agree with everything your other guest said i don't think they'll be any kind of made big action by trump or this administration you know they detained the lebanese prime minister not too long ago and this administration of ours really didn't say anything and i think they're too valuable in the view of the administration to do anything rash or brash both of you are in the inside steve walz we're going to ali ahmed ahmed ali thank you so much for being with us we're glad you joined us thank you guys thank you. the south african mining sector is historic luster seems to be fading some of the earth largest reserves of precious metals including palladium platinum and of course gold lie under south african soil

as well as iron diamonds in your rainy i'm in the one nine hundred seventy s. and mining produced one fifth of the south african gross domestic product and the rush to capture diamonds and gold this intra goal to the history of white colonialism in south africa now mining reportedly accounts for less than eight percent of south africa's g.d.p. today the wall street journal reports that the three largest south african gold mining firms lost a combined total of four hundred fifty three million dollars last year weighed down by a forty percent drop in the price of gold from a peak of over eight hundred dollars per ounce in august of twenty eleven the deep very deep mine shafts were mostly evacuated in the apartheid era and now bring materials up those shaft is really increasingly difficult and logistical challenge while wage and safety policies have failed to adapt making profits extremely elusive. time now for a quick break but hang here because when we return we head to the e.u.

to paris to take a look at efforts to move businesses including big banks and others from london to paris in light of brecht's city and later christiane counterpart x. tells us about her new novel and compelling krypto initiative as we go to break here are the numbers at the closing bell a bad day on the big board for south africa as gold which we just discussed closed down for the day back into play. but hopes and. just to show me that. they put themselves on the line to get accepted or rejected. so when you want to be president. or somehow want to.

have to go right to be close to see what the four three of them or ten people that i'm interested in always in the waters of our. first city. when a loved one is murdered it's natural to seek the death penalty for the murder i would prefer and it means to win the death penalty just because i think that's the fair thing the right thing research shows that for every nine executions one convict is found innocent the idea that we were executing innocent people is terrifying those just move the present and that we're even many of the times families want the death penalty to be abolished the reason we have to keep the death penalty here is because that's what murder victims' families what that's going to give them peace that's going to give them justice and we come in saying. not quite enough we've been through this this isn't the way.

this is crude oil. soon they need to actually physically hold it out of the ground you would have well well well well well well well well well. there's a lot of money with your oil and with that comes. a lot of a lot of people from all over the country. if you don't make a hundred thousand dollars a year. as a minimum there is an issue. here neal. they were all sick or a hard worker well workers not you. and so they want to relieve their stress and how do they relieve their stress. that outweigh that comfort these.

people heard of here people can raise their massive drug issues up here you have a boom you have everything else that comes along with money. join me every thursday on the alex salmond show and i'll be speaking to guests of the world of politics small business i'm show business i'll see that. welcome back brazilian voters yesterday pushed far right presidential candidate arab oleson narrow to the brink of victory on the first round of national elections also narrow came in first with more than forty six percent of the vote short of the fifty percent needed to avoid

a runoff in the second round mr ball so narrow will face fernando died of the workers' party mr had died as a replacement candidate for the brazilian left where former president lula da silva was barred from the ballot by brazilian courts he is in jail as you may recall mr herzog has campaigned on the slogan it is. a dud though he is considered to be on the the right flank of the workers' party and has sought to privately assure investors that he will be not an adversary while some investors would love to see the right when others are wary of balsa narrows temperament this second round of voting on sunday october twenty eighth will test mr dodd's appeal to moderation against mr bollen arrows full frontal assault on people of color l g b t communities. and the poor. and us labor news there has been a rare defeat in a vote among rank and file workers represented by the teamsters on a united parcel service contract indorsed by union leadership the tentative

agreement to rejected by fifty four percent of those casting votes that would have set terms of work for roughly two hundred fifty five thousand workers at u.p.s.'s package delivery and u.p.s. freight over ninety two thousand votes were cast the vote no campaign was backed by teamsters for a democratic union associated with the teamsters united faction that almost opposed president james hoffa jr back in two thousand and sixteen leadership election. and over the weekend the u.s. senate confirmed president trump's pick of brett kavanaugh as a new supreme court justice as a federal judge mr cavanaugh demonstrated support for business and the financial sector in opposition to expanded supervisory regulation and against labor the once new justice on the high court in the highest court the us has a lifetime appointment and is seen as a pivotal person who made dramatically shift decades of precedent on matters ranging from women's reproductive rights civil rights gun laws and changes in the

balance of power within the u.s. government with more authority placed in the executive branch and presidency including but not limited to the ability of the president to not be subject to subpoena the senate confirmation vote which came after a testy judiciary hearing related to allegations of sexual assault when mr cavanaugh was a youth passed narrowly by a vote of fifty to forty eight. no market forces want to troy dubinsky tell us how france is ever going to poach business from london once the u.k. is no longer part of the european union or surely. as the paris motor show revs into action president matt korn is using it to make further inroads into luring business is away from the u.k. in the wake of breaks it his latest fear is towards the car making sector he's

understood to have wined and dined top executives promising them a more business friendly fronts so as he shifts up a gear let's have a look at some of the charm offensive is launched so far. london has long been you talk financial center but that could be a little awkward when the u.k. is no longer part of the e.u. and if there's one thing that might call the former rothschild investment bank a news a thing or two about it's this sector one more big group paris europe last estimates three and a half thousand jobs from the finance and banking sector were transferred to the french capital from london others have suggested it could be more like ten thousand and in the longer term up to seventy five thousand bankers could end up relocating paris will no doubt welcome them all with open arms government has already been greasing the way by ending the wealth tax on financial assets placing

a flat tax on capital income and giving french lessons in london to bankers and their families it's also promised to reduce red tape in the sector since taking office seventeen months ago mark corn has made a number of pit stops around the globe notably in countries such as india where he boldly declared that he wanted france to supplant the. u.k. is new delhi's partner of choice in europe but it's not all going to plan only this year a french advertising campaign british business owners to vote with their feet and to move to france was banned by the london transport authority but being too provocative and his government is being accused by some as being predatory when it comes to breaks it that was denied by one mistake he said it was all about making france more attractive all in the framework of competition. show that

you can ski. in paris. and we always enjoy it when cripps krypto and banking expert christie i joined us on the program the other day we sat down and i asked her about counterpart x where she is a co-founder her responses about what they are doing is not only novel and innovative but they are also doing something ilo we're bringing transparency to the over the counter markets i first asked her to explain what counterpart does. right well i guess the best way to answer that question is what made us create counterpart x. the problem with is that we are actually a hedge fund and when we started this all around us trades gave us a lot of currency and they want to ask him first and decline into a theorem into all these all coins the problem was how do we convert two million five million ten million dollars worth of currency and to cryptocurrency well the only way to do that really is to go o.t.c. and so you call up an o.t.c. broker and they give you a quote they give you a spread they charge

a fee five percent for forty million dollar transaction that's astronomical you call up another broker and they called you a difference but you called a third broker you get a different feel entirely so that makes it a very inefficient process having to call three four or five brokers to find the best quote the best rate to get the best deal and for us it was really frustrating and being formally on the sell side i really don't like getting cheated on a bad deal so that's what made us craig. counterpart acts as a platform to make o.t.c. trading much more transparent than what it is today the market is very transparent you see all the volumes and prices and time and everything is time stamped but for o.t.c. trading no one currently knows how much volume goes on behind the markets no one knows the price is that all of these deals are executed every single deal is individually negotiated and every single deal takes maybe days or weeks to actually execute so we streamlined that entire process by making the entire o.t.c. market transparent and i think you know the answer but real quickly why is there why the old to see why over the karen are the only place that you can do this big

conversion to crypto i assume it's because there's no liquidity or not enough liquidity on the other exchanges around the world the problem is always the quitting because on the exchanges it's primarily dominated by retail traders who are only trading like one two maybe five big clients at a time but we're actually dealing with institutional who are demanding like ten million dollars worth of their clients fifty million dollars with a big client per trade so that makes a very impractical to go through a market where you're good you're going to be buying bits incrementally hire and so what you what to do is bring transparency to the old to see the over the counter market in the crypto space right now so i think the regulators are actually like this because right now as you know they're trying to o.t.c. market is very untransparent all of these deals are cut on a telegram on slack on like even skype sometimes so no one really knows about these deals and they're very informal and done in the cryptocurrency industry because

there is. what we're trying to do right now is we're kind of we're trying to standardize the entire process or brain big buyers and big sellers together at the same time at a mutual location every single day and online forum in order to conduct their deals in a very transparent way so everybody knows exactly what type of volume is out there and what type of price and so big buyers and sellers can meet every year how care you standardize. by yourself or are you just standardise your products but are there others how is this working to standardize in the entire o.t.c. space where actually bring on board a lot of current o.t.c. players on tar platform so that they can actually transact with each other we're actually lowering their own fees because currently when you're trying to make a transaction you call up an o.t.c. bowker saying i want to sell forty million dollars worth of decline that o.t.c. bowker will get back to you in probably about a week because that guy needs to go out and talk to another o.t.c. broker and say hey do you have someone willing to buy forty million dollars of

million dollars worth of clients from me so they actually vehicle in the background and try to find someone else so by bringing everyone together watching streamline the entire process by helping them out and chris do you have basic principles or sort of guidepost rules as it were things that you hope to abide by as much as you can so what we're doing is we're kind of copying what we have done in the institutional equities market or doing in the form of a very open and transparent auction traditionally a reverse dutch auction and where are you in the business development of counterpart xx. we are going to be launching the beta version of our platform this summer of this year maybe january. right now we are currently are to have massive demand from buyers we're trying to. gather a lot of sellers we have an order for four hundred million dollars worth of big client that's actually why we came we wanted to hurry up with the development of one because the seller really needs to liquidate and they want to liquidate

a very fair prices and by doing this we're gathering a lot of progress on to like be able to eat and digest this order and what are the biggest challenges that you have a conversion here converting others is that a big one. that i think our biggest challenge will be pushback from some of the o.t.c. is who have been making a lot of money by charging these have very high spreads so right now we have a lot of o.t.c. who love what we're doing because they're making their entire lives easier for making them easier to find their counterpart days hence our names are making it easier to find their counterpart in order for them to fulfill the orders from their clients however however we also have a lot of pushback from some o.t.c. is we don't like it because by what we're doing or actually reducing their profit because now they can't charge five percent per order anymore kristie where do you see yourself you envision out twelve months or a couple years or so where do you see yourself that well what we want to do is we

also want to build our own exchange as well so by making by making this entire o.t.c. process easier or graduating we're graduating people from into cryptocurrency so we're hoping that by doing this we can we can accelerate the liquidity of cryptocurrency world as a whole. that was crypto in banking expert christy are the co-founder of counterpart x. so we are pleased and honored to call a friend of boom bust and that is it for this time thanks for being with us you can catch boom bust on direct t.v. channel three twenty one dish network channel two a b. or streaming twenty four seven. on pluto t.v. the free t.v. at channel one thirty two earth always you can hit us up at youtube dot com slash boom bust arctic so long for now.

the way to the united states is dangerous for most of the illegal immigrants. are still just as they would a simple so they want to enter and i won the last post on this topic but many of them look for refuge in the so called sentries sides of the draft used to share information about undocumented migrants with federal authorities. person as they are. listening more don't. let up next time i get i'm in a lot of class and i want to. watch as they all choose to stay in the country with donald trump in the white house. to gravel's. the who to be about to be. assisted struggles of many couples. the push to put impulse response most

of you out those of us do the bulk of the. you know world of big part of the lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more than ever we need to be smarter we need to stop slamming the door on the bad and shouting past each other it's time for critical thinking it's time to fight for the middle for the truth the time is now for watching closely watching the hawks. us a sign explaining to this idea of the u.s. dollar reserve currency. post world war two era where everyone gets the debts of america and pays homage to america china russia africa name it they're all saying no we want markets close up even trump wants markopolos we want to we want to trade

directly bilaterally we don't want to be part of the globalization that. was. bludgeoned to gas on the streets of paris in violent clashes erupt between police and demonstrators marching against emanuel micron's reforms.

turmoil in the city of poland demonstrators blocked traffic kind of calls in the latest dangerous action by left wing activists in the us. and controversial website filing claims it has identified the second suspect in the poisoning of form of double agents like a script and his daughter russia rules out reacting to findings thrown out by various media.