analysts that are basically coalescing to create a world type of government this is the big digital technological powerhouse governmentally they're actually serving as states they have the power of a vast state and they are wielding it over expression over behavior they're causing people to lose jobs if the scrutiny of people's. posts social media posts and so this is a very pernicious develop pretty extraordinary video isn't it what does it say a byte facebook if its own employees executive employees want to break it all yeah it shows that they know what kind of power these big tech companies wield in facebook in particular in this case wields enormous influence and power over politics they had a tremendous impact over the american. presidential election and they they

intend to continue to have that kind of power over the political system so it tells me that the insiders know about this and they're confessing it out right now and it's certainly the case and this is not some sort of a conspiracy theory this is a real world conspiracy if not it's an open conspiracy to into effect in norma's control over the population then each helmet in the video can parse facebook to a country and mark zuckerberg to a king is that an up comparison you think. i would call it more like an empire than a country it's international so it's more like an international company with an empire that have more like of who are this controlling numerous states in terms of their political expression and behavior it's quite it's quite broader than a national guard state is the time knife for the government the u.s.

government to step in and regulate tech giants especially this one how do the act of it heidi work and how can we actually do that well it's kind of a moot point at this juncture because. big tent and the democratic party are in cahoots they're serving each other the big tech of serving the democratic party and it's to sit around and the democratic party is fully in agreement with what big tech is doing in terms of censorship and so forth because they're censoring and controlling the expression of the opposition to the democratic party so i don't see any hope in that happening during the current administration thank you very much for your time your thoughts today michael reckon well author of a book on the silicon valley the google archipelago thank you ladies

a lot for now if you get in less than half an hour this is our children. this is a boom bust the one business show you can't afford to miss branch of war in washington coming up following a record spike over the weekend price has fallen back follow 60000 dollars straight ahead we analyze the price movements with some boom bust favorites plus the fight for global banks the nation has had a small speed bump as some nations have halted the use of astra zeneca oxford university's vaccine will take you inside the ongoing saga and the trade has begun

to set in as the u.k.'s exports to the e.u. have cratered to start the year packed show today let's dive right in. and another week another all time high for big coin as the world's largest crypto currency topped out at just over $61000.00 it's been an incredible run for the digital currency even though as of monday it's fallen back to around $56000.00 so what continues to drive this incredible surge for big oil and will it come to an end anytime soon joining us now to discuss boom bust co-host and crypto analyst ben swan an editorial director with the american institute for economic research jeffrey tucker thank you both for being here it seems like every other monday we're in the same position talking about the latest meteoric rise of bitcoin so ben what happened. and what happened over the weekend to drive the price so i. see it's kind of interesting so we you're absolutely right we're talking about this all the time now it seems like every single week there's a new high and it's not just

a new high right it's 5 to 10 $1000.00 higher than we were before which is a pretty significant jump and watching kind of move through this meteoric pace there's a couple things happening what is institutional investment we've talked about this a lot over the last few weeks which is that we see institutional investors coming in you know companies like tesla buying up $1500000000.00 micro strategies buying $1500000000.00 they keep placing orders it's remarkable master cards and it's getting into the space so all that seems to kind of drive this up what happened this weekend though might be a little bit different than that because typically as we're watching those numbers climb over and over and over again it has to do with kind of institutional investors buying in there are crypto analysts who are watching this especially security securities and exchange analysts who are watching this who are saying that this week and what we saw was somewhat different and what they're saying is that possibly this is just the movement of coins by whales moving them into different

exchanges and wallets so that might have driven some of the prices well not new investors necessarily buy in and but the whales moving their their coins around and if that is the case then it could indicate that maybe some of that growth maybe has stalled. jeffery you know as ben just mentioned we're seeing a lot of big institutional investors making large purchases including micro strategy is making a 3rd round of purchases of bitcoin the question here is why is this so important and if institutional investors keep piling in are we going to continue to see this price rise. you know i'm feeling pretty pretty good about the firmness of all the gains we've seen over the last 6 months it's actually feels really different i think ben would agree with me there's something really different about this bull run as versus the past seems it seems kind of sticky and it's i think it probably still has a lot of momentum to go and you know i talked to source within the retail and of the coin today and he told me that that actually d.c.

a big a mound of bind of because i'm from brazil or people when the stimulus checks arrive so what's happening is that you know the stimulus the checks are kind of pathetic that i get you very far and people are paying their bills as is so they're going to become an a.t.m. for shoving this money around just because they want to have this kind of perform really well they don't want to miss out and it's a they have there's expectations going up i think there's another factor too that i think ben might agree over the last week we've seen a lot of analysts looking at the money supply and numbers and looking at the velocity figures and looking at productivity's protesting numbers and concluding from the combination of all this that we might soon start seen a kind of an inflation gallop maybe not. inflationary thing terrible but something like we've probably not experienced in 40 years you know we're talking about like 56 maybe 7 percent inflation coming and if that's true what people need as a hedge and a looks like bitcoin because you cannot print them like you can the u.s.

dollars is going to serve as a really important inflation hedge so the more you have this inflation expectations out there the more people are getting interested in because and that also goes for central banks i might add jeffrey i guess i have a question here this kind of off off topic here but when we talk about the communication about big court do the big question cynics not actually hold as much weight as they once did because all of those people kept saying well it's not real it's going to fall off it's obvious but like you said over these last 6 months it's been really an incredible gain so do they now hold as much weight in this market anymore. known fact. has become a bit of a joke on twitter. and say the same thing for 10 years how long can you keep saying it's a fake ponzi scheme you know it's a at some point you've got to recognize this is the real deal that it really does work it is performing very well it's a new kind of asset class so we've never experienced before and so yeah you're right the incredulity is running to kind of starting to melt away and now bend over

the weekend as the rally was taking place on musk was tweeting about dogecoin again why is that. iran must says every time that he talks about those it's a joke i agree with him i believe that that's true the problem is you know much i think just for the sake of his own ego wax to move markets so it with any time he talks about it the price goes up it shoots up 10 percent 20 percent 100 percent 900 percent righted the tweet the latest tweet that he put up was basically saying the coin base should list those coins they're not going to but the reality is is that enjoys the ability to move markets but having said that i want to comment on the other thing that you say jeffrey about which is the people who say big coin it's a ponzi scheme or it's junk and it will never hold value here is the reality the people like jeffrey and myself who have been talking about bitcoin long before because it was cool and because it was worth 100 bucks or 10 bucks

a coin right and people thought it was a joke people like us have seen the value of it which is that the real joke the real ponzi scheme the real fake money is currency because it actually holds no value other than the power of basically a military behind it that's the only real power the us dollar has behind it and so when you when you begin to recognise that just because a government declares something as valuable that maybe it's not and you start to rethink that paradigm about what constitutes value and what is currency then you your eyes are open and you think very differently i think that's what. we're seeing right now with millions of people back in 27000 who got into big corn and then remember as a fill the 3000 it was like oh big queen is dead it's gone the truth is it wasn't dead the technology around it has only continued to grow and as i said on the show last week and i'll say it again the real value of the coin is not in the coins it's in the bit it's in the computing power and the and the technology behind that is

yet to be understood and fully appreciated and that's why the value of the coin will continue to rise and now gentlemen i want to hit on one last point here before we do go now you know big quake has a market cap of over $1.00 trillion dollars meanwhile a french parliament member has actually signed a petition to amend the laws to enable the central bank of france to buy and hold because as well as other crypto currencies what does this mean for crypto if central banks would actually hold it as an asset well i think it's very intriguing i didn't realize that the central bank was restricted to not only because and so there was a surprise to me most the central banks can hold anything as an asset and literally anything and i know that's pretty much true with a with the fed. it's a great asset for central banks you know it's it's it's probably going to hold its value there's not going to be any new money creation unlike the fake daschle promises that they make which you know we're on the verge of seeing

a complete discrediting of monetary policy as we once knew it so because it's a pretty good bet for for for central banks at this point so i think that could actually drive the markets higher i mean there's any number of considerations that are going to make this thing stretch and a 100000 and up probably you know before the middle of the year when final word would volatility be a problem if you were to have central banks holding crypto. well i don't think it would the central banks would prevent the volatility unless it can it was by manipulation of the market and that's never good for the market jeffrey said i didn't realize the central banks weren't allowed to hold big coin because they can hold anything it's something they're not allowed to pursue a it's that they refuse to acknowledge what bitcoin actually is the moment you begin to hold it as a central bank you are giving credence to this concept and remember when you give credence to big coin you've now given credence to many many other alternative coins

and crypto currencies other than that coin to say that digital currencies crypto currencies and currencies created outside the purview of governments have value and that has been the hesitation boom bust co-host ben swan and jeffrey tucker from the american institute for economic research thank you so much for that expert analysis today. and astra zeneca said sunday evening there is no link between its coben 1000 vaccine and recent deaths in europe due to blood clots of the pharma giant which developed the shot with x. for university said of the 17000000 people vaccinated with their drug in the e.u. and u.k. there have only been 15 cases of deep vein thrombosis and 22 pulmonary embolisms adding quote this is much lower than would be expected to occur naturally in a general population of this size it is similar cross other license koeppen 1000 vaccines a number of nations throughout europe have suspended use of the vaccine due to

these concerns the european medicines agency the blocks drug regulator has previously said there is no clear correlation between the vaccine and the clotting issues. meanwhile reuters is reporting that the e.u. is considering holding talks with the maker of russia's sputnik vivax soon as the bloc looks to bolstered efforts its efforts to back today its 450000000 citizens for more on this in the state of the overall vaccine let's bring in our t. correspondent saya tablature star what do we know about this so brand 1st if you recall the russian made of vaccines initially faced a lot of doubts and criticism in not just europe but also the u.s. after was made available before clinical tests were released however that narrative about would need to be started to change after their trial data showed that he was 92 percent effective higher than the astra zeneca shot and johnson and johnson and closer to the. pfizer vaccine now here is why the russian made vax inspired

navy is crucial for the e.u. right now 1st. astra zeneca problem which is actually 2 parts so even though the pharmaceutical company like you mentioned and w.h.o. say there is no indication of a link between the vaccine and reports a blood clot at least 10 e.u. countries have so far fully suspended that astra zeneca vaccination then there is also a supply issue with astra zeneca initially favored them as a cheaper option compared to other vaccines so while the e.u. expected around $100000000.00 doses of the vaccine by the end of this month the pharma company was struggling to deliver even $40000000.00 gilliss now addition to the supply shortage the infection rate in the e.u. is now at its highest level since the beginning of february with new variants being

responsible for a much of the recent increase we're seeing right here so while the e.u. has approved the use of 4 vaccines. so far being able to. me can't come at a better time already right now hungary and slovakia are using the russian vaccine while a pharmaceutical plant near milan is set to become the 1st in the e.u. to produce russia's sputnik vaccine now deals have also been reached with other companies in spain france and germany pending approval of the vaccine that russian authorities are right now saying they are ready to provide vaccines for 50000000 europeans so that's very significant because brant now moving to the united states how are we doing when it comes to cases here in the u.s. and how is the backseat role that go. so right now coated infections in the u.s.

they're continuing to decline we cases down 19 percent and that's the sound 31 percent hospitalization 00 down 23 percent but white house chief medical adviser dr anthony continues to warn state leaders against pulling back completely public health measures as always and there is always a risk of surge back up and in fact unfortunately that's exactly what we saw is happening in europe right now brant now even though the u.s. were now administering more than 1500000 doses of the vaccine a day with about 11 percent of the american population being fully vaccinated of course there's always a possibility that things can turn in a different direction that we're not predicting with more variants entering the u.s. plus air travel last week at its highest level since the pandemic started with many

younger people heading to spring break most with no social distancing or mask as we're seeing so there's always the possibility that travels could on knowingly bring back the virus back to the homes. i'm talking about different variants that are a lot more can ages which is why health experts are begging americans to wear a mask and avoid mistakes from the past that we saw that led to deadly surges but i want to end on a good news brand as president biden called on all states to open vaccine eligibility completely by may 1st so hopefully that would mean we'll reach some kind of herd immunity much quicker. r.t. correspondent side savidge thank you so much for keeping us up to date. for a quick break but when we come back trade across the english channel has taken a major hit at the ball over breakfast it has begun to set it straight ahead when to bring you all the details that we're going to break for the numbers at the close

. her own. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race on all sides scary dramatic development the only way i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk.

you know welcome back judge in california ruled friday that google must face a class action lawsuit that alleges the tech giant secretly collects data from users when using in cognito mode the suit claims that even when users turn off data

collection in the chrome browser other tools used by websites collect their personal information the judge's decision to deny google parent company alpha's alphabets attempts to have the case thrown out the search giant contends users of its browser have consented to its privacy policy which discloses data collection practices saying in a court filing quote google also makes clear that incognito does not mean invisible and that the users activity during this session may be visible to websites they visit and any 3rd party analytics or add services visited web sites use company previously announced it would eliminate 3rd party cookies it's helped her ties or track user activity across the web next year. trade between the united kingdom and the european union took a hit in january as breck's it was finally made official the u.k. exported $11300000000.00 worth of goods to the in january a 41 percent drop compared to december according to data from the office of national statistics the decline is similar if you compare it to january of 2020 now

imports to britain from the bloc fell by 29 percent to $22600000000.00 in january compared to december overall the u.k.'s exports plunged by 19 percent with imports falling by 22 percent the largest decline since records began in 1997 british exports to 9 nations increased slightly for the month while exports fell by 8 percent so for more on this and what's moving markets monday just bring in our savior n.z. c.e.o. of optimist l.l.c. activia always a pleasure to have you on the show. is this a trend we're going to see continue to see due to bracks it or is this all amplified by the ongoing pandemic and the fact that there was some stockpiling of goods before bracks it became official at the beginning of this year what are you seeing here. well i can sort of the say that the shard and friday on part of those people who oppose brecht's it is sort of palatable on this and they're pointing this is saying look i told you so this is what was going to happen it was going to be terrible for the economy but i think as you rightly point out there's quite

a few factors control a should in here that make it a bit difficult to compare 1st of all exports and imports typically do drop between december and january so there's a frenetic end of year activity and you generally see a drop in gen-u. that's just absolutely normal so we saw last year something similar quite as big as this the other thing to consider of course is that the u.k. went into fairly tough lockdown again in january so that's going to impact the numbers negatively as well so how does one disassemble that and say how much is bricks it and how much is covert and how much is just the end of year i think it's impossible to do we'll have to wait a few more months as a lockdown is lifted we certainly expect the exports and imports to go back up but how much will will remain to be seen so we can't really conclude anything at this stage from these numbers are active you know markets were mostly muted monday after many indices logged their best week in. the travel and leisure sector sector is quite up quite a bit with airlines hotels resorts and cruise lines seeing gains after the passage

of that $1.00 trillion dollars stimulus package here in the u.s. and the vaccine roll out finally taking hold what is your take away from equities is the rollercoaster over this just a temporary blip. no i think the funds just about to begin in terms of. i think i mean what we're seeing what we're seeing here is that the tech stocks are just got absolutely astronomical valuations i think this market looks very very overvalued we're starting to see inflationary pressures mount or expectations inflation mount so if you look at sort of longer term inflation inflation expectations are going up that's going to put up pressure on long term interest rates and that might very well be very bad for tech stocks so there might be some readjustment but i think a lot of people quite nervous about the levels that we see stocks up and so they'd be very eager to jump out once they start to see some downward momentum and that of course exacerbates it but even those sort of cyclical stocks of those stocks have been really hit very hard by covert 19 the travel stocks you mention hospitality

things that sort i mean there's going to be setbacks there as well and certain if you look at the rest of the world outside of the of the u.s. we haven't seen that much open up happening yet so the stocks i think are maybe getting a bit ahead of themselves so i think there's lots of volatility coming in the future there might be a week or 2 where things look a bit boring and tame but then the fun will start again. now to your point how the u.s. treasury yields fell slightly on monday but the 10 year note of still sitting above 1.6 percent this comes just before the fed's federal open market committee is set to meet tuesday and wednesday of this week as there is and as you just mentioned inflation concerns remain in focus what are investors looking for to come out of these meetings and do you expect policy changes. i really don't expect any policy changes so i expect the fed to either say something like we're not going to touch things and we're going to pursue this policy for as long as is necessary to make sure the recovery is on a very firm footing or something entirely unintelligible the way they have done

many times in the past sometimes when you read the minutes of the thread you've no idea what they're actually saying which which generally means we're not going to do anything that will say this fed on power has been a bit better about that they've been clear in terms of the direction they're going in and that certainly has reassured markets but no i don't expect they'll be any change in terms of policy i'd be very surprised if they even mention that they might raise interest rates in the future i think they can keep these ultra low rates for some time to come so what you're saying is we're probably get that standard statement which is we'll continue to monitor inflation and we'll take appropriate action as necessary if necessary we think that pretty much you if you took the words right out of my mouth that is exactly what i think we'll hear them say are you got one last point about overinflated stuff here or are my payment processor stress become the most valuable private companies in silicon valley history after its latest fundraising round brought its valuation that $95000000000.00 this valuation suppresses that of facebook at over before they actually went public now as we just talked about valuations are just skyrocketing

in recent years is this the bubble ready to burst or is it nearly $100000000000.00 valuation for stripe that actually. well i think they should hurry up and go public can cash in as quickly as they can and i think small stripers an instant company right so so the payment processing world is actually sort of dominated but some fairly boring companies people like 1st world pay and global payments people that sort of these are old established companies now is striped doing anything radically different compared to those companies not really they're doing about the same thing and charging about the same money for what they have done is made it easier to develop web applications using their payments person so develop. because of leftists and then they blossomed in the online world not really an entity in the brick and mortar offline world but in the online world of perl some and that was cool cause been great the course of the past year with that with some new payments going online will not continue if 'd things recover we might see a bit of

a readjustment in terms of online payments and people sort of so high streets are going to buy things that octavia moran's is c.e.o. of optimist l.l.c. thank you so much for your insight today thank you. and finally electric vehicle maker tassel is changing the titles of 2 of its key executives and this is your run of the mill change now according to a filing with the securities and exchange commission the change will affect c.e.o. elon musk and c.f.o. zack kirk corn and the final state effective as of march 15th 2021 the titles of. corn have changed to techno king of tesla and master of korean respectively both will of course retain their titles of c.f.o. and c.e.o. as well as we previously reported in february tesla made headlines after announcing it had bought $1500000000.00 worth of because now it's unclear why this change has been made other than just like to shake things up a little bit tesla stock was up more than one percentage point throughout the day

on the news and that's it for this time you can catch boom bust on demand on the brain a portable t.v. app mailable and smartphones and tablets through google play and the apple app store by searching portable t.v. or t.v. can also be downloaded on newer models samsung smart t.v.'s as well as roku devices or simply check it out at portable t.v. see you next time a boom bust. it's seems wrong. to me. to shape. these days because attitude and engagement equals betrayal. when so many find themselves worlds apart we choose to look for common ground.

the u.s. department of health admits to pressuring brazil. over fears of increasing russian influence in the region. major e.u. states including germany france spain italy suspending the use of britain's. creating yet another headache for the. u.k. . it's number one danger. in europe struggles to contain a 3rd wave with many countries choosing. again.