survivors but what a mess their thoughts with all the people involved there this morning. and the rest of the news that out c dot com or any of us social media of course but for now at exactly 30 minutes past the hour for me in the city. have a good day and thanks for watching r.t. international.

the foods because that's a disguise that's your view for good reason wasn't the movie with those 2 kristen wasn't it was not. willing to learn the worst of the barriers to be. left with both the worlds very well one of the things. you learn you know because i'd sooner see you still need to push the sponsor you know stuff more you know there's teach. issues.

because of them but the one business where you can't afford to measure time or age of love and in washington coming out the fact that largest cryptocurrency in the world has the new all time high so why isn't this period getting the instrument attention will just out of pocket for tumbling head dave they are preparing for a battle over how much the infrastructure plan will cost and who will pay for it as the white house plans to host talks this week that the majority of americans are planning to get away this summer but after a year of record layoffs will the travel industry be ready for the increase in demand we have a lot to get to so let's get started it. with all the talk in the media about the growth a bit quiet in this year there has been very little attention paid to the world's 2nd largest cryptocurrency a theory and yet it's a theory and that is having

a much better year than bit coin increasing. value by 325 percent for the year so far compared to the 95 percent rise a bit coin so joining me now to go further and object like boom bust co-host and crypto analyst ben swann and christy i chrystia the start with you a theory i'm just broke past the 3000 mark setting a new all time high what is driving the price here. well a big part of it is this big catch up rally to the late 2020 games and they climb but the actual bigger part of the story is the growing shift towards the 5 or decentralized finance that we've been talking about for the past year so most of the fi is currently built on a year right now and retail interest has been rising with total value lock reaching highs above $100000000000.00 now that's up over 1000 percent compared to just the beginning of the year so there's also the london hard work which includes the i p

$1559.00 over all of the feed structure a lot of the transition to the cooper stay consensus model that are the prime cash atala that all the investors are anticipating so all of that will help to the network where you can just jim lower fees and overall help if you get out so in a way that can almost be compared to the bitcoin having so post a network upgrade each is going to be proving you can't marry a more developers a pallet onto the floor and then on top of that you have the surging demand for an s t then other digital art and collectibles that are traded on which is also pushing it up so as all of this is happening the flip in a has also we entered the crypt a conversation which is the belief that each market cap might soon top that point so you have daily transaction count on your watch chain increasing by county 2 percent to 1380000 this year alone so wildly and that when they be coupled a little bit there's still the reserve asked that the file which creates leverage in the system and connects the 2 cryptocurrency together and it's fascinating to

see its success even without all of that media attention going on with it. now that i want to talk more about that issue of the 5 that christine mentioned why is that important for people to understand yeah it's very important you know you mention about the media attention the really the reason the media doesn't give attention to it as much in part is because they don't understand the fire they don't understand this concept they don't even understand big oil and so they really don't understand the theory i'm and the difference between the 2 is this listen obviously i love big point i think it's a great asset and it's a great store of value a hedge against inflation terrific it's the original crypto currency so i have a lot of love for big going but in reality as i talk about on the show quite a bit the reality is big quake is not have a lot of use value there's no real use for a bit coin at this point and there are a lot of other coins we've talked about this before that sort of actual real world purpose of the theory and was one of these now going to iraq and syria is not the only one right there are other smart contract layer one group those out there that

could also do the same thing or do the same thing that the theory of does but your theory i'm and the theory is kind of the original here and so it's getting a lot of play and as christy rightly said the fight is the future of so much of this crypto world it's not just about currency and we talk about this quite a bit it's not just currency that the crypto world is about an entirely new set of finance and financial instruments through which the world can operate a 3 m. is at the forefront of that that's why it's doing so well and when you talk about that potential it almost makes sense as to why it's not getting nearly as much attention because it takes away from the status quo now kristie i want to talk about some interesting comments regarding bitcoin we saw that berkshire hathaway vice chairman charlie munger call of bitcoin disgusting and contrary to the interest of civilization he went on to say i don't welcome a currency that so useful to kidnappers and extortionist and so forth nor do i like

just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air ok a lot of accusations made there but is this a design theory of crypto currency. yeah i mean that just shows kind of how ignorant some people are and that unfortunately that's the view of many who just like to bury their heads in the fan and ignore the change happening around them because they either don't like it or just don't understand it so that whole thing adapt innovate or die that had never been more appropriate monger is 97 years old and a part of the old banking guard that is just being phased out right now so the fact that he's highlighting bitcoin as a currency that useful to kidnap or store shouldn't that's a sure ignorance because once again the currency of choice of money laundering kidnappers black hats and drug dealers is none other than the u.s. dollar so to say that i share a fallacy and let's not forget the u.s.

dollar isn't really backed by anything either it used to be backed by gold but that has not been true about 40 years ago so i don't understand how someone can like a big question and say that it has no value and then just open up their wallet and a lot of piece of paper thinking that that has more about it so this kind of hate is almost in a way validating that point because these investors are big part of the reason why cripple exists in the 1st place to facilitate basically the biggest wealth transfer we ever seen and to empower people and so of course people like mungo would be threatened by it but yet to your point the view is kind of die you have a huge amount of institutional interest towards the product you have the european investment bank issuing additional bond over that if you're in lauching and that would be worth $121000000.00 in collaboration with other banking entities a judge goldman sachs and j.p. morgan is also planning on a managed point funds and apparently the u.s. can't get it together on the. excellent points made there now then we can talk about crypto currencies without bringing up those coins we know that for 20 was

supposed to be goes day when the coin jumped to all new heights and instead it crashed now since then there's been a renewed push by elon musk and mark cuban to push the price of that up again and it has worked to some extent so why are billionaires now pushing up the price of dope. well look i can't speculate as to exactly why the these 2 particular billionaires are doing it there's a lot of speculation that the 2 of them both hold a lot of those which is certainly maybe the case i don't know that i haven't seen their wallets i will say this there are roughly 3 or 4 wallets that control about 60 to 65 percent of all those points so a very small number of people control the majority of them but let's talk about the reality here the reality is is that i think those points serves as a cautionary tale in some ways but it also serves as a way of looking at crypto in general the cautionary tale is if you get in as something as moving up through a bubble of any kind you're going to ultimately be left standing there with your

hat your hand because the reality is on 420 if you think it's going to the moon and it drops and you bought in high end and everybody else's has sold high and you you just bought in it looking like a done and that's happened to some people now they're pushing those back up again so that's the cautionary tale but the good side of it is argument makes an excellent point when he says the coin could be worth something that's not valueless if people would just use it for transactions that is true but it's also true of every other cryptocurrency out there so yeah absolutely listen the users of those who are the people who are buying into it have every right to make it into what they want it to be however it is not money flipping and so this is where you get into trouble when people come newly into the crypto space and they want to flip money and say i'm going to buy today and sell tomorrow make a big profit in u.s. dollars in the meantime and there's no real application for a coin then that point ultimately is going to disappoint a lot of investors what it really needs to be is a actual usage like we're talking about with a theory i'm actual usage of some tangible asset and then get real world usage out

of that point and now it has true value that's where if mark cuban and the law must want to push so sure and that's what they should be pushing it to is to actual adoption in a tangible realistic way yeah it'll certainly be interesting to see exactly where those coins go and of course if the u.s. government catches up anytime soon. and great insight as always been so on christie i think you both for your time. the white house is preparing for talks with top republicans this week amid hopes that they can come to an agreement on the future of infrastructure spending in the u.s. now while the 2 parties talk about numbers the 1st quarter earnings season keeps on giving and top corporations keep beating expectations in fact according to reports the results from 87 percent of the companies in the s. and p. $500.00 have been better than expected that's far above the historical average of 65 percent and that's on pace to be the highest share in more than 25 years so

joining me now to discuss the trial tonight her partner and director of training research and education for the market gauge group now michelle let's start with these earnings reports is this just a case where the expectations were too low or has the outcome really been historic . i'd say it's a combination of very conservative expectations because no one really knew what to predict out of the pandemic and then a better than expected stronger recovery here with the g.d.p. forecasted 6 to 8 percent from obviously vaccine having a lot to do with it but what's muting the reaction right now you would think the market would have rocketed to new highs and in certain sectors it did like for transportation which we'll talk about later but if you look at your nasdaq after some incredible earnings out of amazon and apple and facebook they don't actually wear red today and nash take a sort of struggling here to maintain itself so i would say that it's

a lot has to do with inflation concerns a lot has to do with some chip shortages but so we're not really at a necessary historic earnings season or particularly unexpected at this point ok well that's interesting to know there now i know another thing that has been a big topic of conversation is this new spending bill democrats want to point 3 trillion for public and offered a $568000000000.00 compromise that they say is actually focused on infrastructure now the white house says there will be talks this week but what are the odds of success here and is it having an impact on the market at all right now. well if you lose strictly at the transportation sector which would be under the umbrella of the a.t.f. i y t that is one of the areas that did extraordinary well today it actually went to all time highs so you're looking at a level of optimism there and regardless of what happens in politics how much money

actually gets passed through remains to be seen but i think the general consensus at this point is that there will be a bill and it's a very necessary bill now of course one of the bigger concerns been size obviously spending that the republicans do not want to see spending on like tax credits etc is these inflation concerns that we keep coming back to affecting the market all over the place because right now the passage would need more government spending and yes there is the concern of how is it paid for but government spending right now as the debt and we're already seeing some pretty high falutin flying inflation prices and i want to talk a little bit more about the chances of inflation because we heard that if biden's plan or some form of it is successful treasury secretary janet yellen is already saying she's not worried about inflation because the money would be spread out over the next decade is there a risk of rising inflation still something investors are worried about right now.

absolutely i understand what yellen saying if you do look at it as amortize over the course of time but if you just look at the last 6 months 6 to 8 months we're already seeing tremendous increase in food prices in copper prices still we're seeing lumber going up and now all of a sudden you've got gold and silver starting to actually look like they're getting some life here with inflation concerns all of this based on low supply chain and also delays within the supply chain are impacting wrong material prices and eventually i think we're going to see those really reflected in the consumer price index so i actually believe that that's why going back to your initial conversation over the show about krypto currencies there is an inflation component there that the younger generations are using to hedge and with all of these prices going up and up in up we're seeing that concern in the market of course we have to watch the interest rates very carefully and then thirdly i think you need to keep your eye

right here what happens with gold and silver because if they wake up it could really be very very interesting and then one more thing would be oil which is sort of the x. factor also raking up here and if it gets back towards $70.00 a barrel and higher that could really push everything over the edge and i know this is one of those cases where a lot of people rely on those top u.s. officials to give them some sense of calm but at the same time we have to continue to watch the market and of course everything that's going on across the united states and how that's having an impact excellent points to consider here michelle snyder thank you so much for your time. time now for a quick break but when we come back more and more americans are planning to get away this summer with the travel industry still facing billions of dollars in losses will it be ready for the demand well that's next and as we go to break here is a member of the club. this

nepotism plus despotism is all we've got going on around the world and all these different it's so obvious now to everybody including their rank and file politicians that the money printing pass' the poverty rate increases the thing come gap and it increases the unemployment and the social misery that comes with a. deep seated force. them to as i would say i'm not american but americans really.

world war 2 cures the depression cars show she's concerned prosperity of course i'm sure. it wasn't for us the whole world what it what and. historical rewrite ever since world war 2 to foment the cold war against russia against communism. socialists mishmosh you it was so you call me. close to a strong. all the real. world war 2 has been distorted probably. american media because they want to diminish the role russia. installing who actually defeated hitler.

americans are ready to travel again as covert cases fall the vaccine roll out continues and restrictions are lifted the travel industry that has been left behind over the last year is seeing new hope for recovery the u.s. travel association is reporting that 72 percent of americans are planning summer trips this year compared with 37 percent in 2020 but even with the increase in demand the airline industry still expects to lose 48000000000 dollars this year alone so joining. up on this topic is gary laugh off air at you from the wing now

gary with the majority of americans planning to travel this summer how does the industry and gearing up for the increase in demand and will it be ready after a year of record layoffs. well so the airline industry is basically ready for the front line employees that fly planes that work in the cabins they weren't laid off they may not have been working but because of massive government subsidies all of those employees who didn't opt for early retirement are still in airline payroll some of them need retraining pilots are going through simulators now and the airlines are bringing back flights their brain backplates largely to domestic leisure destinations places that people are going now so it's very much an uneven recovery in terms of where flights are but flavor but the airlines are generally ready for that oh well that's going to know and i know they've been waiting for these days for at least the last year now how does travel

for business play a role in all of this i mean as we've seen over the last year companies have learned how to operate with employees working from home and out of the office are we likely to see an uptick in business travel now that things are sort of getting back to normal. for the airlines to recover they're going to need business travelers back these are folks that go to destinations that are different and where people are flying now they tend to pay higher fares that's very important for the airlines we probably are going to start to see some recovery in business travel from very very low levels to you know higher levels in the fall through the winter into next spring it's not likely to come back 100 percent we have gotten a whole lot more comfortable with zoom we have adopted the technology you can much more effectively do meetings and it works better than many people thought you know that having been said there remains a business that you know brings people closer together people are going to want to

interact in person and that's going to be true of businesses it's not the case though when offices aren't back to 100 percent that you can really visit offices or large meetings that way and we're not ready to bring back very large indoor convention style events because of where we are the pandemic so business travel isn't anywhere close to full recovery but it's going to begin to come back in all likelihood you know in the fall yeah and the themes are the method in all of this is that it's still going to take some time now one of the industries that has been hit the hardest by the pandemic has been the current ship industry where you just saw 2 ships are turning to a dock in texas for the 1st time in a year and the c.d.c. is out thing able to return this summer as long as the majority of people on board are vaccinated is this the beginning of her ship recovery or is it still too soon to tell here. cruises will recover but it's probably going to take quite

a while as well because even though bringing you know vaccinate the people on board with plenty of precautions is you know going to be reasonably safe for a lot of people to consider it's also going to be a very uncertain decision for people to make because if there are cases on a ship if there is a break out even if you're vaccinated you're stuck on the ship and you're really not sure what's going to happen to the rest of the cruise or your ability to you know get off the ship so that given the uncertainty about how plans can change because of people other than yourself it's going to be a difficult decision ready to simmers to me at least until the pandemic is largely over so they'll be some sailing people who love cruises really love cruises they are dedicated you know they will return but it's going to be quite some time before it's really back to where things were before that and i think you know we fall lot of the 3rd of course stories from cruise ships last year and a lot of people not wanting to be a part of that and not wanting to be stuck there now another area of travel that a lot of people are talking about is when it comes to international travel i know

we're hearing some new hopes for americans being able to travel to get out but we're also talking about longer flights more time around people that you don't know i mean is this a case where we're going to see an increase in confidence when it comes to international travel specifically as more americans are allowed to travel to other countries. but as country is open up to americans we have seen very quick very robust booking data that's something that the airlines all revealed and there are earnings calls recently after the 1st quarter and we're going to continue to see that people are going to travel that said it's not going to recover to the point that it was preplanned either for leisure or certainly for business travel yet because there is a lot of hassle involved you're still going to need to wear masks not just on any domestic length flight but on a much longer flight call 8 or 10 hours you're going to have to continue to get a negative test before flying back to the united states and then also present

certain rests with the u.s. government taking virtually any test that's presented to you know and it just from anywhere in the world there's a small ability of false positives and then having to go get retested before you come back and sure you know interruptions in plants so you know for not everybody is going to go through that extra expense extra hassle but people are very much excited about the opportunity to return to travel especially to europe this summer some destinations especially in the as a civic region are going to be much farther off before they are really ready to reopen and also in the mantras thing if exactly how that plays out but at least progress is being made ok and that on this topic gary laugh thank you for your time . thank you. nearly $3000000000.00 contract with space x. is now on hold with q. rivals protesting the deal the space agency was looking to secure a moon lander and space x.

reportedly have been released expensive option it comes as for astronauts from the international space station returned to earth safely on sunday aboard space x.'s dragon capsule our season has more on the splashed out and it looks like those might be our drug shoots. visual to shoot. the dragon capsule parachuting into the gulf of mexico off the coast of panama city florida just before 3 am sunday and darkness space x. say they were turns for astronauts from the international space station and the mission being seen as a step closer to achieving commercial space travel what think going forward ready for this important step ready for the par with mission so our goal is a one day that everyone's a space person and so this is just an exciting 1st step for that here you can see in provide cameras tracking the capsule as it streaks in the sky all 4 main parachutes could be seen deploying just before splashdown. it is

called the great blue flawlessly as we dock from station doing. great just as we would expect. the crew vehicle at night we have a lot of confidence in this recovery based on the cargo mission that we flew and landed in january with space x. and they recovered that vehicle as well. apollo 8 nasa is 1st flight to the moon with astronauts and it splashed near hawaii on december 27th 1006 years later in soviet capsule with 2 cars ended up in a dark partially frozen lake in kazakhstan that was it for. night time crew splash downs and tell sunday and will space x. may be on cloud 9 from sunday success another huge contract now that was put on hold last week back in april space x. was chosen by nasa to build the agency's 1st human lunar lander rest of the apollo

program but the $2900000000.00 contract didn't sit well with rivals blue origin and dianetics according to nasa a space x. was the least expensive of the 3 so after 2 formal protests the government accountability office is looking into the matter in the meantime space x. will not receive the funding from nasa while the race to the moon continues things are still up in the air for space x. blue origin contended that nasa moved the goalposts at the last minute so the objective of landing on the moon by 2024 could now be delayed reporting for us to sweets. about all for now we'll see you here next time and as though it's don't forget to question more. the world is driven by dreamers shaped by the person those words are and.

thinks. we dare to ask. right now all the. really young people who are overweight so. it's profitable to self and. i'm sure we can say to you. it's not at the individual level it's. not individual well power in africa on believing that never change this obesity epidemic live in the street has been influencing very deeply the medical and scientific establishment. some of what's driving the obesity

epidemic it's corporate profit. money and choose the 4th of may here in moscow this is arts he headlines are for a year of isolation the e.u. is seeking to open up its doors to tourists and last but only for those who receive brussels preferred. u.s. government mark world press freedom day but attacking other countries records in journalism freedoms and rights. fines or imprisonment await australian citizens returning home from covert ravaged india coming out we hear from some who risk being criminalized under a new temporary little. boy looks really disappointed with rwanda and they're already stressed with someone who's losing their family members they're losing jobs so i think this is an extra stress.