and jeffrey tucker editorial director at the american institute for economic research thank you both for being here today but i want to start with you what's behind this latest rally for because while i'm not sure there's a latest rally i think it's an ongoing rally that we've been seeing since late last year and it's continued into this year and let's face it if you're you are holding because you're doing great right now look at the long must seems to be a part of it he talked about tesla coming in and essentially buying up about $1500000000.00 worth of bitcoin and they would begin accepting because in order to buy a tesla we're seeing a lot of firms coming in mastercard now saying you no longer have to convert currency to feel they're able to automatically you know. transfer crypto transactions directly through master card that's a huge step we know that pay pal has gotten into this space so there's a lot of you know institutional investors who are coming in on this and everyone's work kind of. helping to propel bitcoin but at the same time there's also this foam

all this fear of missing out where you're now starting to see more retail investors and more in institutional investors wanting to get in on this before they becomes almost unreachable in terms of its price bet i wanted to point out something when we 1st started working together on blue bus maybe year and a half ago we had a conversation i think both on the air and off the air i asked you where you thought it was going you said it's not unbelievable to say this is going to $100000.00 we're halfway there are we really that close. we really are that cricket that closely because what you see will begin to happen is that as i was saying when you start to get a couple of institutional investors coming in and then more come in and then more come in all of a sudden you begin to rally and push the value up but the other thing that's important about this is that what bitcoin has proven and this is the point i was trying to make it make to you a year and a half ago is that big wave has already proven that it has value in terms of being a global currency and so what we're seeing now is the effects of that and when we saw all the way to $3000.00 and i think that was around what april of 2019 it was

all the way down to $3000.00 that was so that institutional investors could get in they were allowing that to happen in order to get in when the price was low they do not plan to let it drop back down and out jeffrey as we mentioned there in the intro there's been some renewed criticism of big mining scientists from the university of cambridge judge business school have found that big mining uses more energy each year than the entire country of argentina is energy consumption the one of the downsides of the big point boom that we're seeing. it's one of the upsides it's actually advantage that you want a money that's expensive to make so you don't make unlimited amounts of it like you do with the federal reserve notes or the end of the gold and one of the great advantages they had is it's expensive to produce expensive to mine and so what decline did as a protocol replicated that same sense of for the use of resources in order to make the money that's actually a sign of its quality but i can't believe we're here in this month to get every

time the bull market runs up people complain about the electricity as here's here's what the big secret of this is that jimmy song pointed this out on his a medium account late yesterday because it is subsidizing energy companies all over the world i mean a lot of these companies have excess capacity they have a lot of production a lot of ability to make a lot of energy for a lot of people for a lot of purposes it's not always been used bitcoin has become a very reliable consumer of these energy services which actually actually helps the market work more efficiently and and even better so it's a win win for everybody for for the purposes some money want to occur to expensive to produce and for the energy companies themselves they have a very liable consumer out there ready to take their product and that it enhances a fish and sea in the energy sector too so i mean these complaints are this time

getting a little bit little bit absurd and jeffrey haven't seen stories that we've reported here on boom bust of energy companies actually mining their own bitcoin with that excess energy creating their own mining system as well now bend the other coin that has received a lot of attention over the last few weeks has been dogecoin thanks in part to iran must tweeting about it in fact musk has tweeted that doge is under estimated now. i guess that could be true but it isn't only when really just a meme token what do you make of us about. yeah it kind of is look i think is doing a lot of stuff right now right he's moving markets in a lot of different ways i think in some ways what iran is doing is actually very bad for the crypto market in that i think he is inviting a lot of regulation about people even being able to speak about crypto currency is right because it's going to say we are trying to move markets in manipulate markets with tweets and means and those kinds of things i think some of that's coming but i will say this i think ultimately look is going to joke what was actually created as

a joke that doesn't mean that it has no value value is based upon what the user of any currency decides it is worth in terms of of bartering in trade if you can make something of value and that we do that with the currencies every single day we decide that they have value that's what we call them by by declaration that they have value i will say this though however there are a lot of callings out there that are rising right now as a result of this that are all coins ones like file coin or gather that have a real proof of use in terms of the token itself it's used for something very specifically and technologically i think that is where there is real value if you're out there watching i'm not telling you giving you investment advice here but if you're watching and say where do we go may not be the place to go if you really want to long term investment you need to look at the actual proof of use coins are going to actually have a value somewhere in the marketplace of technology or ideas but i want to get back

jeffrey to that 1st point ben kind of hit on there is that it appears that one must the c.e.o. of tesla and space x. and it's kind of been a tastemaker in the financial world i mean for a while but really specifically since the start of this year you know he got it on the game stop fiasco talking about that he's talked about doge coy it's not even a little bit about big point what do you make of his kind of impact on financial environment especially when it comes to investing these days jeffrey. well you know i think picks it an excellent plan to have to admit i have not really thought about it before but it actually is a very serious matter you know in the end or u.s. law. you know there's a very strict regulations about about congress helpful financial advisor telling people what to buy and what they can't you have to be regulated nish very strict rules are is kind of things how twitter fits into that is probably something that's going to be worked out and i think ben makes a great point that you know has engaged in a slightly dangerous game here she's become you know like

a guru in every area of enterprise these days i must say he was also really fantastic being against the lockdowns he's been a very powerful voice for for freedom and free enterprise and and he's he's brought a lot of credibility to the crypto sector i must say under don't claim to you know this this is there is a kind of trollish aspects to this thing it was created as a joke but the people started buying into it because they wanted to show that we live in a new world of unpredictable private competitive currencies and who's to say which one's going to predominate you know how many what are the various use cases maybe we don't just have to have one world reserve currency maybe we can have 100 or a 1000 we can have competitive currencies and it does cause part of that and i definitely feel like if feels like especially with the game stop in the dodge coin situation there you tend to see if feels like outsiders are saying you don't get to

tell us what has value we can decide what has value it's very interesting to busts bence watt and jeffrey tucker of the american institute for economic research thank you both for breaking this down for us today. thank you. and another ilan musk related news the space x. and tesla c.e.o. made headlines over the weekend after inviting russian president vladimir putin to join him for a discussion on social media app clubhouse on saturday must send a tweet directed at the official account of the president of russia asking if you would like to join him for a conversation on the new app following up with another tweet in russian saying it would be a great honor to speak with you and apparently the kremlin hasn't completely ruled it out quite yet spokesperson dimitri peskov on monday told reporters 1st we want to figure it out you know the that president putin does not directly use social networks he does he personally does not run them in general this is a very interesting proposal but one must 1st understand what is meant and what is proposed clubhouse and invite only i phone app has picked up steam in recent months

amassing roughly 5000000 downloads the audio chat room app allows users to have conversations on quote stage while an odd audience listens in audience members can also be invited on stage to ask questions to the speakers think of it kind of as a virtual town hall meeting in late january musk interviewed robin-hood co-founder glad to have on the app and said he has agreed to do another club house with rapper kanye west in the future after receiving a $100100000000.00 investment in january the app is now valued at roughly $1000000000.00. and a congressional hearing is scheduled this thursday to probe the recent volatility in shares of the electronics and gaming retailer game stop games that stock skyrocket by as much as 500 percent after a group of retail investors rallied support for the company when some hedge funds were betting against it in suing stock rollercoaster is now the focus of several investigations for more on this week's upcoming hearings let's bring in legal

analyst molly barrows contributor with america's lawyer molly thank you so much for being here what are we hoping to actually learn from this hearing. i think what everybody else is trying to learn like exactly what happened so in this particular investigation this is from maxine waters and heading it out democrat from california it's the house financial services committee and they're taking a look just like a lot of other government agencies want to and including another senate investigation as well but you know how did this happen how did ordinary investors manage to under line and get into the pocketbooks of some bigger funds which is essentially what happened in this situation so they're looking to see if there was a market manipulation that has got quite the heavy hitters listed on the witness list you know you've got the c.e.o. of reddit coming in you've got he mentioned earlier latin from robin hood coming in of course that was the financial app that a lot of people used when they were buying up all the shares of game stock and just

to recap which is why they're looking into whether or not there isn't a manipulation of the market is the fact that you know it would appear also keith gill who i need to mention also on that witness list as you know brant your words well you've known as roaring kiddie online and he was certainly active on that reddit page that sparked all of those day traders to get involved by massive amounts of game stop stock which of course shot up in value when a lot of big hedge fund investors were hoping that it was going to decrease in value so it sort of cut into their profits and i think that's what's happening you know and then you had robin hood stepping in which is where a lot of people were doing those transactions and they pulled the plug for met it and everybody was like way we hate you why are you doing this and so you have all these investigations looking into who did what and why and who profited and was there manipulation and fraud in the process one of the representatives want to speak with key still better known as ron kuby exactly. well you know as maxine waters put it quote unquote he's the man who created all this mania she said in her press release so you know it was him rallying the troops if he indeed was the one

but the you know the wall street traders side on the side if you will on reddit that was used to really rally start this rally in this buying frenzy of game stop is a big part of that you know he bought in 200-1000 quite a bit of shares to 3000 i believe in game stop so when they realized he and some others that these hedge funds were basically betting against a game stop they felt like that stock was getting undervalued so he organized this big rally people started buying it up robin hood came in and said hey whoa wait you can't really buy and sell anymore we're going to limit you in trading and and so your ordinary investors felt like it was once again the bigger guys coming in and squashing the ordinary investor and trying to control what they can do so you know there's a lot of different moving parts as to what these investigators are trying to find answers to if you go to break here but i want to know are there she going to look into are the regular regulatory scrutiny on actually what robin hood did here by showing the stone. absolutely the securities and exchange commission is very

interested in also as well as some of these other government agencies as to why they did that you know robin hood briefly they just said hey everything was rock and roll and so we have to follow along and they said that we had to have so much money 'd in our reserves you know in order to cover some of these processes that were occurring with all this trading and so they said they to temporarily put a halt to it but there's a lot of people that are crying foul for that and so and the feds are looking into that as well whether or not they were legit in that reason for pulling the plug or if they were also trying to do some market manipulation contributor for america's lawyer will keep it on the thank you so much for breaking it down. all right thanks grant. and time now for a quick break but hey here because when we return covert cases in the u.s. are trending down as facts the nation numbers go up we have a vaccine expert on hand to discuss the state of the rollout we're back in a flash. though do you know if your book in your.

book with a new machine in the center of the beach storm of lower street view or restroom. when you go to the movie way of feeling good in the video it appears. that it still has the soul of the disease and how many to choose to the. skies are financial survival. when customers go buy your dish sometimes. in elf well we do some of our. best undercutting but what's good for the market is not good for the global economy. imagine picking up a future textbook on the early years of the 21st century what are the chapters

called gun violence school shootings. first it was my job and it was my fear that it was my savings i have nothing i have nothing it is not like adultery aloof or resources i look for jobs i look for everything i can to make this house. annoying the doing is. the road to the american dream paved with did refute its this very idealized image i want to. americans look past the deaths that happen every single day this is a modern history of the usa by america on r.t. . to. move. them.

to. imagine picking up a future textbook on the early years of the 21st century what are the chapters called gun violence school shootings homelessness 1st it was my job it was my field bill it was my savings i have nothing i have nothing it has no i don't trust aloof or resources i look for jobs i look for everything i can to make this house. in oil of doing is. the road to the american dream paved with good refugees it's this very idealized image of our america needs

americans look past the debts that happen every single day this is a modern history of the usa america on r.t. . they're welcome back here in the united states newco 1000 infections fell below 100004 the 1st time since early november the rolling average of new infections had been well above 200004 most of december while it spiked around 250000 in january according to johns hopkins university now that number fell below 100001 friday staying below the benchmark on saturday and sunday despite numbers currently

trending downward the head of the centers for disease control and prevention warned against lifting protocols intended to stop the spread of the virus including mask mandates c.d.c. director rochelle wollensky told c.b.s. is face the nation quote we still have somewhere between $153500.00 deaths per day and yet we see some communities relaxing some of their mitigation strategies we are nowhere out of the woods meanwhile the c.d.c. also says the u.s. has administered more than 50000000 doses of cope 19 vaccines as of sunday with nearly 40000000 people receiving one dose while more than 14000000 ever sieved both require doses for more on this let's bring in a real expert in the field dr william schaffner a vaccine specialist at the banner bill university medical center dr schaffner always a pleasure to have you on the show to break this all down for us before we get into the vaccination news what should we take away from cases trending downward is this

just the end of the surge that we didn't disappear to do the winter and holiday season. well we think it might be that in part and of course perhaps people wearing masks more and maybe at least in some communities this virus has spread so much that it's now starting to reduce its transmission and and some other communities were starting to vaccinate so maybe all of those things together will take it but those variants are out there and they're very contagious and so what we're worried about is as things go down now if we were relaxed our interventions the masking social distancing will do the roller coaster up again and so we want to guard against that. you know we also just mentioned that there are more than 50000000 doses of code vaccines that have been administered here in the u.s. in your expertise opinion how has this rollout gone this far is this where we

should be at this point are we well beyond it there are we behind schedule. well there were very ambitious projections made and we're behind those we're stumbling ahead doing better but you know demand continues to exceed supply so we wish we had more thanks gene delivered on a regular basis in a predictable fashion so then we can actually run our clinics coherently and really get the vaccine out and now health officials in the state of oregon on saturday said for people who received both those is of vaccines have tested positive now they call these breakthrough cases meaning they got sick at least 14 days after receiving the 2nd dose the cases are either mild or asymptomatic so that's a little bit of a positive on that i guess now a couple questions here but it doesn't raise is this to be expected number one do we expect some people to end up getting it again and would worry be that they could

still transmit the virus to those who have not received a vaccine as of yet. 2 important questions as to the 1st one you know these vaccines are 95 percent effective not 100 percent so we'll see the occasional case completely vaccinated done well but still get coated fortunately these 1st 2 cases are mild or without symptoms that's definitely on the good side so you it looks until you get partial protection anyway and then of course the other issue can actually need a person transmit the infection the data are coming in to suggest that they're less likely to transmit the infection to others but that still doesn't mean you can take your mask off you still have to be careful wearing the mask even though you're fully vaccinated dr schaffner i'm sorry to be a little bit of a path a myth here today about this i believe in science i think that's almost for well

but the question i have is you know you use a rigid keep wear masks and all that but if we get the majority of the population vaccinated to whatever that the threshold is that we want to be are we still going to have to wear masks everywhere we go are we still going to have to worry about copa because it doesn't appear that it's going anywhere it feels like this is just the new normal and this is where we're going to be. no i don't think i'm more optimistic than that i think if we can vaccinate a very large proportion of the adult population you know those estimates or eat percent or 0 now we've never done that before but if we could do that then i think we could go back to a cautious old normal 'd we wouldn't all have to wear our masks and i'm looking for that this one is not going to go away but we want to push it down so that we can live kind of in a truce with this. operate more normally without masks for the most of us and

go about reinstituting our commercial social and economic activity and you think that when you say most of us will have to be looking at like an elderly population or people who may have problems they may have to wear a mask for the majority of the time that they're out in public but i would imagine . yes you're exactly right that's what i'm thinking older persons people who are have chronic illnesses or immunocompromised they may be more cautious and since we would see people wearing masks. goofy anymore if those people wear masks everybody will understand the reason why it's interesting because you know we got a culture shock here in the united states but if you go many places around the world you would see people wearing masks for a myriad of reasons not just to prevent disease obviously but because of air quality so it's not that out of the realm of possibility just struck me when you said mentioned that i have one last question korea astra zeneca at oxford

university they're running a trial for their vaccine in children ages 6 to 17 years old while pfizer and modernity haven't rolled children ages 12 and older for trials of their vaccine hoping to have results by the summer one of the safety concerns for testing a vaccine in children and what additional safeguards need to be put in place that this boy well those trials will tell the story what's the best dose and our children going to have similar sign effects that we do we need to know that very clearly adolescents young children and even down to infants we're going to do that in a very sober graduated way to make sure that when we start thanks navy children we tell parents exactly what to expect on that vaccine to be safe as well as affect dr william schaffner as i've said many times i can't tell you how much we appreciate your expertise on the program vaccine specialist at vanderbilt university thank you so much for your time today. my pleasure. and finally

british luxury automaker jaguar land rover is joining the eevee wave the company and now its entire car line up will be fully electric by 2030 the jaguar line will lead the way becoming fully electric by 2025 the landrover brand will launch 6 electric vehicles over the next 5 years despite this change from a more traditional auto jael are says it will keep its 3 british manufacturing plants open the planned reimagine even goes a step further the company is looking to become a net 0 carbon business by 2039 and will invest in hydrogen fuel cell technology as part of a 2500000000 pound plant many of the carmakers have pledged to reach similar goals bentley owned by volkswagen hopes to be fully electric a fully electric company by 2030 and general motors is pledging to have a 0 emission line up by 2035 and that's it for this time you can get

a boom bust on demand on the brand new portable t.v. app vailable on smartphones and tablets through google play and the apple app store by searching portable t.v. portal t.v. can also be downloaded on newer model samsung smart t.v.'s as well as roku devices where you can simply check it out at portable dot t.v. see you next time.

in the 1920 s. and thirty's several 100 african-americans moved to the soviet union and many of their descendants still live in russia. again at the risk of no no rush but us throw up our stuff yes it got worse you called things on your way. back home but i can merican suffered from racism and a complete lack of prospects. is that not the smug the real lybia loses show one by else a store on the by doing. so they decided to leave everything behind and start a new life in a country about which they knew almost nothing at all some of the our career groups who. you know if you found great crowds. to move a few you're going to foreclose you. know almost

a 100 years later the history is repeating itself my great grandfather george time went to russia. probable worst time to go anywhere why not me. when i come here. was abundant make no certainly no borders just blind to nationalities. but you. as a muddled up with the we don't look like seeing the whole world needs to be. judged as commentary crisis what is interesting to modern times we can

do better we should. everyone is contributing. way but we also know that this crisis will not go on forever the challenges created the response has been so many good people are helping us. it makes us feel very proud that we are in it together . this is speculative attack that iran must is making on the right so he's already going to the s.e.c. is already going to war and he's shown them to be in capture now he's gone to war with spit and sand like i buy back my own stock i'm going to take your cheap money i'm going to buy it quite like michael saylor. and now 500 other c.e.o.'s in the s. and p. 500 the like you know it that's a darn good idea. french

lawmakers approved by so named separatism bill which critics say would on for muslims opponents to the bill i've been running for days and are as. russian scientists developed the world's 1st test for the deadlier u.k. strain of the coral the virus that's led many countries to close their borders we hear from the head of the russian ruble. while developing the new testing system we kept in mind that if we need to detect all the strains we could do it in a short period of time. concern grows over the economic impact facing germany as kilometers of frights traffic backs up its borders that's as the e.u. criticizes berlin's mess.