this is boom bust one business show you can't afford to miss i'm rachel evans in washington coming up the price of bitcoin now dropping 10 percent off your week of record high can we expect it to keep making history now countries are looking at taking digital turnkeys mainstream we'll discuss what boeing is taking yet another head after footage of an engine catching fire mid flight the worst attempting to spend more than $100.00 planes and told further notice that crude oil prices be set for a rebound sooner than expected we'll tell you why some analysts are saying a freak over a rally could be right around the corner we have a lot to get to solicit starting to save a bit coin is having a record year would be an understatement the world's largest cryptocurrency nearly doubled its year to date value over the weekend as its market capitalization reached one trillion dollars big ben sikka hit early monday following 10 percent

250000 after a week of record highs that saw it hitting a record 58000 just 24 hours earlier to put it into perspective for all of 2020 big points value increase just over 300 percent and in the 1st 2 months of this year alone the value of big queen has already increased by over 100 percent joining me now to discuss our boom bust co-host and crypto analyst ben swan and jeffrey tucker editorial director of the american institute for economic research ben let's start with you give us the latest on what is happening with decorum right now. yeah as you mentioned you know big quite obviously it fell back a little bit from where it was headed but you know jumping up over $58000.00 is pretty incredible and if we're looking at the pace at which this is happening it's really remarkable to see big coing moving at the pace that it is you know obviously a lot of this was fueled by tesla that's at least part of it must and tesla making

the decision to buy a $1000000000.00 with a big coin but it's so many other areas too you know that there's a lot of media attention but for instance you have micro strategies right they just went out and raised $1000000000.00 to buy a $1000000000.00 worth of of bitcoin that was the point of them doing that let me put that into perspective for viewers that means that micro strategies will be buying about 2000 dollars with a big coin every 2nd every 2nd in order to be able to fulfill that order so that look there's an incredible amount of interest in between right now yes it dropped back a little bit but the trajectory continues upward and onward at a fevered pitch wow that is quite an investment now jeffrey set up point is this rise in bitcoin being accelerated by companies like tesla or is there another reason why the cryptocurrency is growing so quickly right now. well i think what we're seeing is a decline in the incredulously that's lasted for like the last 10 years people are coming around actually believing is real you should also mention here that master

card and pay pal have announced in february the. law on into making it possible that their own payment systems are going to be allowing payments in crypto exclusively i don't mean just like trading crypto for dollars and back and forth again but actually using crypto as a currency so if you're carrying crypto i can use my master card at the convenience store and they will now hold crypto right so that is a kind of another level you know we've seen plenty of services over develop over the last have to new years in which people can have these kinds of means of payment but it's always buying and selling crypto what master card and pay pal are talking about is stained within the ecosystem of crypto itself so that's another level that's a it's a different thing it's like on the way to seen something nobody even imagined possible 20 years which is the actual monetization of

a completely private currency outside the central bank system outside the nation state itself you know we should not lose track of that and meet we're now we talk about this all the time with all the times if it's normal it's not normal it's astonishing it's extraordinary and where it ends up i guess anybody's guess and it is interesting to see how big quite another cryptocurrency there finally becoming more mainstream after we've been hearing about them is more of a new interest for years than years now now ben some analysts are saying that despite this incredible rise of bitcoin value that we're seeing the coin to solve is still not going to see mean stream adoption in terms of actual usage and i know you've been saying that for some time now so why is that yeah it's simply because if we're talking about exactly what jeffrey was talking about right now. master card and pay pal saying hey we're going to accept crypto we're going to keep it in this space you don't have to convert it to a fee up currency you get to allow the currency to be traded and used for

transactions within our system that's great but the problem with bitcoin specifically and for all those big maximalist out there who believe that it is the only thing right the reality is because it is somewhat ansa quited and it is slow and it is not the best crypto currency for certain kinds of transactions and by the way one of the things that's so exciting about this crypto space you know 10 years ago when it 1st came along was was the only kind of version of this today there are so many different forms of crypto that aren't just competing with the coin they're actually created for specific purposes and i've talked about this on the show before but when you have you know certain specific coins like file coin for instance which is on point base. is designed specifically for the purpose of breaking up storage around the world and using a decent rely system for doing that the reason that's a different the big question is because there's a very precise specific purpose for this tokenized decentralized economy within file quit and so what we're seeing across the board is that there are many

different kinds of crypto for different kinds of purposes because it is all the attention right now because it's the institutional investors who are buying it up because they see the value in it but the reality is in the crypt of space rachel there are dozens if not hundreds of koans that also have lots of value and we'll see that kind of shake out i think over the next few years yeah that's a really good point and many of them are not only coming up as we're talking more and more about them but we're also finding out about all of those other coins and it's interesting because when we're talking about decentralized currencies you would think that typically governments especially here in the u.s. wouldn't be a big fan of then but jeffrey we're now hearing that right heck could become the 1st country to make it entire currency digital as crypto currency boone's and that discussions are underway about the launch of a digital ruble with local banks are there to. stay on top of the trend there what is the likelihood of it's actually happening to you i have been hearing about this stuff for you for years i'm a little bit doubtful about it i mean the prince problem is the governments are

doing too little too late you know if governments had moved into the script a space 10 years ago and seen it for the innovation it was that they maybe of kept pace with the market we're talking about a gigantic global industry at this point that's entirely private decentralized and there's no pretty t.q. reason you know apart from maybe government mandates why a person would rather use. the rouble coin as versus some other one of the other 10000 kryptos that are out there that's pretty also if i can elaborate what ben says very interesting we've had innovation in payment systems for the last 5070 years there's been very nice just let's be clear what kind of innovation we're talking about here we're talking about innovation in the money itself which we haven't seen really until bitcoin came along that's what's completely new and we don't know if you're if you apply an innovation to the technology of money itself we don't know exactly which is going to be the winner when you are seen network

effects of decline right now but as as ben says there's a lot of competition out there it's a dream come true for anybody who advocates for markets and freedom and decentralization yeah that it is now bend to that point do you think the united states trying to do something similar or trying to go forth with on sort of digital currency to try to keep up with all these people that are finding out about bitcoin and putting it to you with. yeah i think eventually you get there because i think all roads eventually lead to digitise economy across the board but the the u.s. is way behind china is way ahead in this respect they've been really effort in to get out their digital currency that's a central bank backed digital currency the people's bank of china russia is now talking about this obviously venezuela did it several years ago i think about 2 or 3 years ago when they came out with their with their digital the coin their token and so we've seen this kind of across the board many different centralized governments are doing that but make no mistake a central government creating

a digital currency is not a crypto currency that crypto currencies are the idea of taking peer to peer transactions and moving finance away from centralized governments and away from centralized banks and giving individuals more power over economy and the ability for them to be able to trade with each other so when we talk about you know russia or china or venezuela or the u.s. eventually creating a central bank backed currency that is actually not good ringback for the for the digital space in terms of crypto currency because now it becomes a competition backed by the force of military that's the difference because it is backed by the force of decent realization and the interest of the user a a central backed currency will be backed by a military act for one point and that's those basic principles that we all have to keep in mind whenever it comes to these involving currency is as we move forward on analysis as always bends on jeffrey tucker thank you both for your time.

boeing is under investigation yet again and federal officials are calling for emergency action this after footage was released that showed the engine on a boeing 777 catching fire and falling apart mid-flight forcing the company to ground more than 100 of its planes and told further notice archy's trainee job as has the latest on what happened with the remains of that engine hit the ground for her everywhere her have afforded her today investigators trying to find out what caused an engine on united boeing triple 7 to explode made air rare after it has recovered particularly the part of a deal with the pilot calling a mayday at 13000 feet moments after taking off 231 terrified passengers aboard united 328 from denver colorado to honolulu on saturday when it started shaking you know we knew something major massive pieces of the aircraft falling to neighborhoods below one piece crushing the top of the truck residents also

terrified it was really really loud it came right over the house and i watched it and you could see the the engine was on far well we know grounding more than 100 triple sevens with the specific pratt and whitney engine the company saying 69 of the aircrafts were in use while 59 more were in storage adding that the suspensions will remain in effect while the n.t.s.b. investigates how this engine fell apart in midair incredibly there were no injuries on the ground or on the plane and the pilots were able to land it safely in denver but now that specific engine is taking center stage the n.t.s.b. says that 2 fan blades on the engine were fractured while the remainder of the blades showed damage and it's investigating whether there were any preexisting issues with that engine reporting for boom bust a trinity chavez r t. the by an administration is now taking on the north stream too and taking heavy criticism from republicans who say they aren't doing enough to stop. $11000000000.00 pipeline stretching from russia to germany the state department

issued a report in which it designated a russian ship and the company that owns it for assisting with the pipelines construction setting both of them up for sanctions the only problem is that those entities were already saying by president trump before he left office the top republican on the house foreign affairs committee delivered a sharp rebuke in which he called the sanctions designations wholly inadequate and claimed that allowing the pipeline to be completed would be nothing short of a victory for russia while the nord stream too was a topic of conflict between the trumpet ministration and their russian counterparts it is now 90 percent completed and it is expected to be ready for use by the end of this year. time now for a quick break but when we come back some analysts are saying oil prices are set to rally sooner than expected but will it be enough for the industry to rebound back to where it was before the pandemic we'll discuss and as we go to break here are

the numbers of the club. join me every so sleep on me all excited i'm sure i'll be speaking to us of the world of politics. this knows i'm show business i'll see you there. we're more politicized than ever we're more polarized than ever in the 21st century when speed is measured in megabytes per 2nd. visit.

him at a tronic mail electronic money electronic media infinite possibilities for exchanging information. freedom of speech and social media bends censorship and double standards who should judge what can be said online. the internet audience snow totals almost 4500000000 almost all of them are active social network users but one wrong move on their page is deleted digital. not who runs the show on the web how can anyone stand up to the tech giants if he from the heads of state face the threat of being banned is there any limits to hold . but i will have reasonable way.

thank. the vaccine developed by pfizer and by on taxes showing promising results in a new study which determined it was effective at stopping the spread of coded 19 in the vast majority of patients the results come from

a study conducted by the israeli health ministry which concluded that the vaccine is nearly 90 percent successful at stopping transmission and 99 percent effective at preventing deaths from the virus the findings also brought about hope that the vaccine would stop transmission from asymptomatic carriers as well. oil prices have risen more than 20 percent this year as last week's storms in the cells for some production offline causing prices to rise the latest gains add to estimates of the oil industry could be seeing a significant rebound sooner than expected after a year of record losses amid the coronavirus pandemic this is the s. and p. $500.00 it takes a hit for the 5th day in a row and investors warn inflation could be right around the corner so joining me now to discuss are ok and chris you will founder and head trader at 10 minute stock trader all right chrystia let's start with you goldman sachs sees brant oil at 75

dollars as supply response trolls demand now forecast for consumption are rising as analysts raise expectations that demand will get back to previous levels by late july while supply still remains highly inelastic so what do you think what is driving the commodities prices lately. so right now recovering demand is certainly a very big part of this we definitely see a pickup in air travel and daily work meaning but that's not the full picture of what's driving demand because right now you have all of the investors who want to own commodities and are willing to overlook some of their fundamental employees to focus on the bigger picture and have money continue to pour into broad based commodity for the last couple weeks bringing that year to date total now above $2000000000.00 so what this means is that the funds and the individuals aren't increasing their commodity allocations despite the fact that the fundamental picture for oil it's still not that great with the weakening gasoline cracks

francis month so this renewed interest in quantities is really stemming from the inflation fears and the commodity buying spree is a way to hedge inflation so you have a historic amount of capital still churning through the global financial markets due to all of the stimulus programs and ironically these inflation fears have a kind of self-fulfilling because investors are buying commodities to hedge against inflation fears which in turn this drives a commodity prices higher thereby creating these inflationary pressures so on top of all that the oil markets have also caught the attention of the kerry traders given the strong backwardation that has developed along the crude oil for curbs this year so looking forward you would expect to see more and flows of more demand for broad based commodities and large asset allocators if that underway commodities for some time now given lackluster performance of the past decade or so now we're starting to see this trend reversing and we're likely in the early stages of the industry shifting into an overweight commodities position. and i know everyone is

wanting to get back to where we were before last year now chris the s. and p. 500 is falling for a 5th straight day as your old rise do you see the recent increase in your old as a threat to the bull market. no not at all and thanks for having me in fact looking at the chart of yields i mean they've been rising since august and we've had plenty of growth in the s. and p. 500 since and i think this is just a very very short setback overall bullish very bullish in fact looking at the market i'm seeing a lot of strength like we're just talking about an oil oil stocks are looking really strong as well as the financials with that being said that's where my money is at right now at 10 minutes dr dot com and i for the most part don't see anything slowing down this bull market i mean we can have temporary setbacks here and there but a 5 day hold back actually may be a great buying opportunity if we do get the bounce going forward. well that's

a good point now let's switch gears a little bit kristie inflation is becoming an escalating concern among institutional investors so what are the early signs of inflation that we're seeing in the market right now. well right now you have the i am forecasting that the average annual inflation rate and advanced economies will double to 1.6 percent and 2021 from point 8 percent last year and again as we just spoke about the recent developed developments in the commodities markets also just suggest inflationary pressures are intensified you have more than $60.00 a barrel from $20.00 a barrel in april you have copper at the world's most important industrial metal now we are high above $8400.00 a ton more than 70 percent from its low last march and on top of that * as we just said some 2 banks they've been injecting about 6.6 trillion dollars in liquidity into the market since march and analysts are expecting central banks to cried at least another $5.00 trillion in additional liquidity as policymakers fulfill

pledges that they've already made so basically governments will allow their economies to run hot to 8 recovering from a pandemic so in the u.s. you have headline annual consumer price inflation running at just 1.4 percent in january but recent increases in energy and food prices have also driven up and expectations among consumers so you can definitely see that this is going to start weighing in on the equities market as institutional investors look for inflationary hedges and while commodities have been the traditional asset of choice you now also have cryptocurrency is rising as you just heard from ben with record reaching 50000 as this has become an alternative safety asset in the face of globalization headwinds and i think it points to i know a lot of people are talking about crypto currency is now and there's been a lot of attention there now chris u.k. trading platforms are pushing to open i.p.o.'s to retail investors and here in the u.s. you have the house hearing on the fairness of the stock market and whether mom and

pop investors have equal access and generating returns do you think the playing field is level and do you think that the battle between the retailers and wall street will continue. well there's a lot of impact there i've been talking with a couple brokerages one of them in particular is tasty works i'm very close with the people that work over there and i know that they recently were purchased by a u.k. brokerage firm and are working on having those i.p.o.'s available and i think that's great that's going to allow retail traders to get in ahead of time on the i.p.o. pricing which is fantastic beyond that is there really competition between wall street and main street absolutely i think so and i think the game stop revolution last month kind of just broke that wide open do we have the same tools as retail investors to go against wall street i don't think so i mean you've got the smartest people in the world that are out there chasing fractions of sense of

gains with their high frequency trading and every other tool that they have available what we can do is be strategic and the only issue with being strategic is allowing the platforms to work with you to work for you and i think that that's where robin hood failed miserably absolutely miserably shot themselves in the foot if you are retail investor and you're trusting this institution to let you make the trees that you want to make to put your money at risk to find those gains where they are available and they will let you do it we've got a major problem so i think that this is going to end up having significantly more regulation against the brokerage firms allowing for more opportunities for the main street investors to get in and honestly to be able to trade the stocks that they want to trade which is what we're all trying to do at the end of the day yeah now present do you think that there's going to be another game stop or another sort of

stock that we see rise up as individual investors get together and as they try to plot against some of those brokerage firms is that something that you could see happening. i love the idea of the plot i love the idea of of people banding together in order to make a trade happen. honestly i don't think that we're ever going to see another game stop short squeeze like that again but there are absolutely a community of people online not just in reddit wall street best but in other places that see opportunities and they're putting their money towards these opportunities the thing with game stops that was it was the the most shorted stock in in the world basically at 148 percent short shares the idea that regulators or anyone else will ever let that happen again it's next to next to 0 especially considering the fact that it's been it's been found right the the masses understand

that this is a game that these wall street brokerage houses will play against them and they're wising up to that so while i don't think that will ever have the the magnitude of movement that we had in game stop i mean there's always going to be an opportunity out there in the market and i'm frankly grateful that the idea of the game stop revolution the reddit revolution has really led to potentially more opportunities for all of us traders out there yeah that's a good point now kristie before we leave i want to get into big question a little bit we've seen the price go back down today a little about 10 percent and we've heard from mr outages with j.p. morgan who is claiming that crypto currency is facing a liquidity crisis where small changes in flow have a big impact on the price what is your take on those comments. well i think this is kind of being blown way out of proportions to say that big quite took a hit because you don't expect things to just go on rally for ever without any sort of pullback or consolidation or anything so big climb here barely drop it

a high of 57 unchanged flushed down ever so briefly down to 49 and right back up to consolidate so for big climb and for what we know a big point and it's 30 percent 50 percent correction that is barely a blip and as for the crisis i really don't see that happening and right now from my j.p. morgan is saying they are saying that there is a demand imbalance where there is far more demand than i was driving at the price the argument being pointed out is that the large amount of big point is being hoarded and taken off of the exchanges thus creating this liquidity crisis but it really isn't a crisis because of reality is that pick one is actually as ben said it's kind of antiquated the height right now and what's really driving the entire rows of the blockade space that innovation that's being developed is defied and there is absolutely no liquidity crisis there but that is where innovation really is once again institution on the site you martin goldman sachs chris go all the banks there once again late to the party i guess one analysis i was always kristie i chris you

will thank you both for your time. now we'll see you here next time and as always don't forget to question more. thank. you. the british and american governments have often been accused of destroying lives in their own interests or you see in this these techniques is the state devising methods to him to essentially destroy the personality of an individual. by scientific means this is how one doctor's theories were allegedly used in psychological warfare against prisoners deemed a danger to the state that was the foundation for the method of psychological interrogation psychological court for the cia disseminated within the us

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