the united states alone does not only by only facebook laws it in it by elites our own federal state local municipal law the federal government the local government even vigilante groups on the on the in the border states continuously. sovern human rights who are undocumented people in people seeking asylum here in this country i think it's become a period the united states of america wants to be the owner controller of the internet but when you have an organization such great magnitude as facebook it seems to be complying secretly with u.s. spy agencies and law enforcement agencies you are going to get a bad outcome there are no good big in that there's only the. thanks thing without say me for a day send off for that. so

what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race in this on off and scary dramatic development only really i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. what is that call and decline is magic internet money a new type of digital currency the centralized digital scarcity chancellor i'm bringing a second bailout for bank that's called that got us a lot faurisson to calling a civil disobedience a source of optimism because i can control my own financial death and age it's just a new way of coming to consensus it's a game changer in the human history of this column. discovering the new world this

terror and i'm shipping technology that transforms economics and finance in a heartbeat the apollo eleven landing on to the smacks of stacy. broadcasting around the world covering all aspects of business and finance and how it affects you this is a boom bust i'm christy i have billy in for bar in washington d.c. we're glad you're on board coming up. the trump administration is hardly iran yet again this time setting its cost hairs on countries using iranian oil hillary for which a strong market drills into the headlines to see just how this move affects other nations plus huawei is managing to soar despite constant pressure from the united

states r.t.s. alex male of age logs on to break down while ways from relative obscurity to a household name and finally watch chain is making major moves again with legacy institution jeffrey tucker of the american institute for economic research lend us a hand to break down all the latest news all of that directly ahead but first we have some headlines let's go. a tiny of the screws on our on our global report today as u.s. president donald trump puts an end to exemptions for sanctions against the oil's nation previously eight countries china greece india italy japan south korea taiwan and turkey are granted waivers regarding the u.s. sanctions against iran's energy sector now the white house has announced that president trump will not issue those waivers effectively making those nations subject to sanctions under u.s. laws as of may second. white house press secretary sara sanders said this decision

is intended to re iran's oil exports to zero u.s. secretary of state mike pump ale claim that iran's regional rivals saudi arabia and the u.a.e. are working with the u.s. to boost oil output which would offset the loss for more we're joined by hillary for which the ela strong mark the guide how many are hilarious iraq so right now by not me issuing these authorities when they expire president trump is effectively trying to bring iran's oil exports down to zero and denying this regime this principal source of revenue is that he's trying to bring them back to the negotiating table tell us exactly what is the u.s. trying to achieve by doing this or by trying to do this i would give the analogy chrissy's kind of like having the new principal in town you had a nefarious norty student who has been bullying and terrorizing all the other students actually for decades if you look at it no american administration and no one has really put their foot down with the ram and what this is doing and by the

way they will get these as for ease they have to be renewed basically every six months so all this is doing is putting a foot down what does it mean it means that this student this norty student in the cloth should now have to comply and become part of the global community and that's what this is about is trying to get the iranians to comply. so events right now are moving in a very confrontational direction and iran may shut down the strait of hormuz as a retaliation and that would be the world's most busiest transit lane for seaborne shipments for oil right now its response to our four hamley thirty percent of the world's oil exports daily and shutting this down could be disastrous could something like this happen if events were to escalate or certainly this maybe could happen but just remember this you know the iranian regime they may be nefarious they may be certainly not stupid and they're not and they're not as a nation they're certainly not suicidal so what would this mean yes you mentioned thirty is maybe thirty thirty five percent of the world's crude oil goes through

the strait of hormuz that's something like seventeen million barrels a day a huge amount of oil now all different nations would be affected and they know that they are now desperate for the few allies they have in the world they're not going to impact all these other nations so really this is brinksmanship and this is blustering on their part what are they supposed to say of course they're going to say this but again they don't want this to escalate they also know should this lead to a military confrontation confrontation they know the u.s. is has overwhelming power and they know this would just be ludicrous and suicidal as a nation that the regime there does not want to undertake a battle with the united states if not a battle what would the alternative be what moves do they have now will they need to comply and the demands some people have said that these ludicrous but go to the global community what does the global community want the global community does not want terrorism the global community does not want this again sort of like naughty

student and i think what it is we've got a new principle in town and the rules have been the rules are being strengthened and i think that the expectations of the u.s. administration on not in any way absurd i think the actually quite reasonable and i think the most nations in the world know that so there's not a student is essentially just trying to toe the line to see how much they can get away with right now again they've been. bullying and to arise in the world for years and no one has actually had either the guts of the confidence or the bravado to stand up to them and this is what's happening now and i think difficult the financial pressure on these sanctions are going to really crush the regime the regime and they won't want to have the nation penalized any further unfortunately there are other countries that are affected by this country such as china and india grab some of iran's biggest clients of these oil exports so how are they reacting or don't forget their allies so in this situation iran is even more desperate to have their allies comply so what do they need they want their allies to get on board what i would suggest is if we took a back to kind of a student analogy what we need those allies to do we need those allies the pressure

iran and say look we are your ally comply and actually which nation wants and if you look at the very sad events over this recent weekend the terrorism of religious sites look at the impact that's had the global community does tend to rally when it comes to a global bully and what iran really wants what they want to become is they want to become part of the global community what do you need to do to become part of the global community comply with the demands of this administration and stop the terrorism and stop the halting of funding of such terrorist groups like hezbollah etc. and now finally we have like a really interesting report out from halliburton saying that they expect international offshore drilling this year to rise double the estimates of slumber jay. fourteen percent actually so right now i think u.s. is trying to reduce its dependency on foreign exports but we're currently importing about a little less than ten million barrels of oil a day so is there actually a dent being made by the offer of drilling will there always be

a dent yes absolutely i would say think about it again it's not just the offshore drilling there's offshore drilling but also is an immense amount of fracking going off on throughout the dakotas in the u.s. and what has not yet opened up but when that does they'll be even more oil what we've done is we've made sure that there is that extra production and we don't forget we have extensive reserves and my last comment is look chris. no incumbent wants the price of oil to increase the average person and including me you everybody all of us we all know what the price of gas is at the pump why do we know because it's something that touches our daily lives so this is ministration is not going to want the price of oil to for let alone increase i predict there will be short term pain i think americans will feel this in the short term in the long run to also question specifically offshore drilling will offset it in addition to all the fracking and all the other production in the united states hopefully we see that oil is at an all time high so we definitely are going to pay and hillary for which the c.e.o.

of strong mark thank you so much for your insight because you can see. a presidential phone call to libya is moving all markets last week u.s. president donald trump effectively reversed u.s. policy with a friendly phone call to libya or large khalifa huffed our who is the head of self designated libyan national army and is currently threatening to take control of tripoli by force the phone call reportedly happened last monday but was not publicized until a white house statement on friday the white house statement praised mr hough tar and alluded to a shared vision for libya's future sharing a vision for libya with khalifa who reportedly was sponsored by the past by the cia would be a break from u.s. policy of working with the united nations to stabilize the so-called government of national court which is now under attack by mr hough tars forces the prime minister of the g.n. a warrant in an e-mail to the wall street journal oil prices usually rise if wars or unrest occur in oil exploiting countries. despite assurances them from the

u.s. . despite criticism from the u.s. and some of its top allies chinese telecom giant weiwei is posting impressive gains and revenues allegations of spying only seem to push the company to higher international profile and brought more of the attention to much how to change over to five g. r.t.s. alex mahela legend joins us for more. hi alex hello there so we got a lot to get there today huawei that he did one. humanitarian support came in and things are looking really good by the company tell us about it yeah well he's performing really really well almost forty percent up year after year that translates to about twenty seven billion dollars profit margin of eight percent a little bit better than last year so we were seeing definitely that was a way is moving in the pluses looking when you compared to other companies that are

also focused on smartphones as a part of their a bigger scheme of things a while ways really kicking but there's no other way to put it samsung for example we talked about just a few weeks ago samsung is not performing very well there if it's part of sort of stagnated with sales numbers and their numbers are not really showing anything that is of interest to investors especially if this is what is the leader even companies like apple hey i got an i phone but it looks like i'm behind because apple right now by the end of this year by their i should say by two thousand and twenty. should see while we surpassing samsung and already when it comes to apple why is selling more phone so why waste doing well when you look at the business side of things that's for sure so the cia actually allege that has received funding from china's state security apparatus and falling in line with previous allegations of spying by the company so how while we've been able to fight off all of these

accusations from the us government and friends. it's interesting because you know it's been a sort of a relentless campaign by the u.s. they even put out a road show where they went around europe and other countries saying hey get off the wall way you know they're spying on you but these are all allegations and here's when you break it down what now what the cia saying and this is intelligence that they shared with britain they're basically saying that while weight has taken money from the people's liberation army that's the chinese army the chinese national security commission and a third branch of the chinese state intelligence network so what you know the united states has tried to work with google and amazon we know that amazon's on board with working the u.s. military so countries do that. are going to stop buying or stop using amazon or google because the american government or the american military works with them are other countries trying to boycott google or amazon because of that you know this is just the way it works while we happen to be in china happens to be

a company that's going to work with the chinese government as well there's really nothing there that is so diabolical or something that we should really be afraid of you also have to look at the fact that like i said these are allegations we're not working with anything really that's proof you know the u.s. government hasn't come out and said hey here's proof of what's going on and we've only heard them saying that you've got to watch out you've got to watch out there and they could be spying and now with this five g. technology rolling out you know that they're adamant about kind of shutting down this company is this a part of the trade do trade war with with china it could all be a part of the bigger equation but u.s. is really actively looking to kind of close things down we have a map here it's going to give you an idea of exactly what this looks like a countries that have banned weiwei so so far it's the u.s. it's australia. countries such as. sorry japan japan and it's a big one there because japan obviously when it comes to attack you know they want

to keep it in their interest of the nation so other countries are mulling it over. new zealand but so far not too many people have joined the bad bandwagon or actually not too many countries. fascinating thank you so much for your insight as always r t correspondent alex thank you thank you. time now for a quick break but hang here because when we return law chain is making major moves with legacy institution jeffrey attacker of the american institute for economic research lend us a hand to break down all the latest news and as we go to break here the numbers at the club.

put themselves on the line to get accepted or rejected. so when you want to express . some want. to do right. that's what the real people are. interested always in the water. the good old navy. sobers you do. some work at plenty of.

to build a robot movies you did what you are. if you're that certain like me that the security council is where you go. oh. thank. you will occur. while the crucial we're going to do that. is that we are in the. city to the pacific is this for the laws to stop the depletion of additional forces. or.

welcome back their crack heinz company has named a new chief executive officer in hopes of turning the page on recent troubles in february the company disclosed that investigators from the f.c.c. had opened an investigation into accounting practices at crap times while slashing his dividends by thirty six percent now in the wake of those and other setbacks current c.e.o. bernardo he's will vacate the top job and be replaced by former anheuser busch marketing director miguel patricia shares of crap heinz rose in early morning trading on the news but the company would have to rebound twenty percent to a versus decline in the first months of two thousand one thousand. india's second largest airline jet airways has suspended operations and workers passengers and other stakeholders are scrambling to deal with the consequences jet which says the shutdown was temporary it was compelled to do so take drastic steps last week due to liquidate problems the company is now reportedly under the control of

a group of investors led by the state bank of india the vice president of nat. aviator's guild told the economic times of india's workers are ready to be flexible on wage demands in order to help any new investors or owners to get the company back off the ground an activist has filed suit seeking to ensure that passengers who have purchased tickets on more than one thousand suspended flies are either given refunds or allowed to reschedule. there are more details on the peruvian angle of the sprawling international scandal around the brazilian construction firm older brecht in the wake of the suicide of former president alan garcia the two time former president shot himself in his home last week as police waited to arrest him on charges of receiving corrupt payments from motorbike officials now peruvian prosecutors are describing a corrupt network they say took root in mr garcia second presidential administration and received millions of dollars worth of kickbacks to allegations

of dirty dealings are detailed in a new forty four page order for the garcia arrest which places a top thirty eight and his transportation minister near the top of the scheme. because it is holding steady around the fifty three hundred dollar level from as run up earlier this month the total market cap of the crypto industry is back to around one hundred eighty billion with bitcoin making up fifty two percent of it trading between fifty one and fifty three hundred there's no clear breakout yet last time we checked in mc lyte has just broken the fifty one hundred and the two hundred day moving average very k. technical levels we are hoping to see bitcoin form a golden cross where you see the short term fifty cross over the two hundred signaling a bull rally is going to hold the fifty two hundred for another week we could see that the last time we saw the golden triangle was in october two thousand and

fifteen and that started the ball rally where we saw bitcoin gain more than sixty seven hundred percent. we're seeing some very good momentum here and gains are holding we aren't even coming down to retest the two hundred day so we're getting some very good short term confidence and short term risk taking the volume isn't too substantial but it's rising and rising at higher prices it looks like we can hit six thousand soon but i would be cautious here previous support because new resistance and six thousand was a huge level of support years worth of support this will be difficult to break and i anticipate an initial read rejection and a pullback before we try again here to help us take a closer look at the markets as jeffrey tucker editorial director of the american institute of economic research i just. that's for you. so just more same to quietly leave the entire market hire but increasingly we're also starting to see a decoupling within the top twenty one this is very unlike last year where they're becoming less and less correlated with bitcoin what's driving that. well that's

driving it is decentralization of the crypto markets a big problem with bitcoin but it's also called b.p.c. is that it's actually not a very usable token right now it's very expensive and very slow incredibly that problem has not been solved even though it's now you know the problem has been known about for four years so you've seen these other assets come and outperform because i'm just in terms of speed and ease of use and expense and i think this is inevitable in the crypto market as long as the b two c. is not going to adapt to the latest technologies that fix the stuff but they're still in the experimental stage so if you look at the market cap of the industry in general if up like two hundred fifty percent from its lows and december. see itself is up about sixty two percent which actually compares the to the belgians

additional average of twenty three percent since december lows but what's funny to me and it's actually funny for a person like me who follows the markets very carefully. because i think crypto in general still suffers under kind of a i would call it like a psychological debilitating state or everybody is comparing the current price to the highs which were a fluke and so even now i think the wall street journal ran a headline a couple of days ago that said something like. the bleeding in the carnage in the crypto industry continues i'm looking at that thinking of well here's the evidence of that is actually not true but it's because the credit markets picked out you know and december a year ago and you know that was you know that was continues to be the top briefly touch twenty thousand dollars and people are still suffering under this delusion that it should actually be that so it seems to be a pretty decent opportunity to move into the markets at least from the way i'm observing it i think you're right. we've consolidated

a lot of games for the last several months and we might be prepared for something like a bull run again yeah sure of course yeah you're right people always come used to compare apple and amazon microsoft to the highs back in the early days and it's taken that light almost a decade to actually surpass the higher highs yeah that's right and so even now it's funny to me because i have been writing about this since about two thousand and thirteen it does get frustrating because you look at the at the obituaries for this asset and they keep pouring in these are like everyday people like oh this is it didn't work it's terrible well you know i think you look more objectively what you see is a conventional trading patterns that you're going to see in any kind of dramatically emerging technology same as the dot coms in the late ninety's and early two thousand as following the the samak pattern i don't think there's any reason to to panic about it i mean obviously the technology is not only brilliant but it's very

much needed in today's today's world where all of our remittances technology and enter big transfers are stuck unlike the eighty's and ninety's level technology dramatically when the desperate need for something big to happen and i think probably blocks and technology is that very thing so speaking of we've seen a very harsh battle we've seen a very big battle between big client cash a.b.c. and declining cash as he and this was used to be a hash war now turned into an exchange the listing war and has gotten very nasty so give us the latest details on how that affects the industry. well thank you for asking that question which sounds a little obscure to people but what happens the because in cash was a fork of core and then of course b c h then forked again with another theory of the size of the of the where the block should be sized and it was a kind of a different perspective everybody's claims to be carrying on the gym invision it's a totally but that was

a bloody battle. between what is now called b s b b c h and it was it was kind of painful to watch on the other hand forks are just part of the industry is part of the market process rolling itself out there was a lot of carnage that resulted from that thing but i think as you look look back at it the market sector has separated itself very well but the people who love gigantic walks are all running around and that's that's fine that's your perspective and the people who want more careful sort of roll of block size to keep up with the transaction volume they're rallying around b c h the people who believe in just holding that old fashioned. thing called the big question. they're the hollow crowd and they're in with that and if you if you're interested in this and you join twitter your feet can fill up all day with people to save you out each other it's good old fashioned word sport out there and. it's very exciting

it actually. has been a very interesting battle to watch to see who delist to be i actually just the listed a.b.c. in favor for s.b.s. no that was very unexpected move by their friend there. that's right and well depending on which exchange you use you're going to you're going to rally around that exchange on the other hand the really hardcore people say forget the exchanges you should just hold your wallets jeffrey talk to the editorial director at the american institute for economic research thank you so much for joining. pleasure. that that by this time you can catch boom bust on directv channel three twenty one dish network tell it to eighty or streaming twenty four seven and put a t.v. to free t.v. at one thirty two are as always tell us about you tube dot com boom bust. next time .

after the previous stage of my career was over everyone wondered what i was going to do next the different clubs on one hand it is logical to sort of go from fields where everything is familiar on the other i wanted a new challenge and a fresh perspective from time used to surprise. us all and also give you. i'm going to talk about football narvi or else you can think i was going to go. by the way what is the flooding here.

even. if. people as i live eat here if you don't then. finally. leave no. need to. be done. beyond. we have many things in the smiles and this is an e-mail for everyone and why some people's wants to take our things all the power just for themselves into the scheme of that. we will.

confirms talks between putin and kim jong un will take place in russia's far east on thursday the details of the first ever meeting being top secret. islamic states claim sponsibility for sunday's bomb attacks in sri lanka which took more than three hundred lives. gets the links between the us government and facebook the social media giant introduces this new general counsel a legal adviser at the us state department. doesn't use them. if they have a.