going to be able to pay the rent for the foreseeable future. this is boom bustle and visit show you can't afford to miss time a job love and in washington coming out the private messaging out signal says it was blocked from posting an ad that told the truth about how they smoke exploit this is users will discuss what the bank of england says crypto users should be prepared to lose all of their money as the federal reserve surveyed called digital currency a threat to the existing financial system then i dispute over fishing rights leads to a military standoff between the u.k. and france so what could it mean for the future conflict in the post directed era

we have a lot to get to so let's get started. the bank of england issued a sharp warning to crypto currency users in which governor andrew bailey claimed they should be prepared to lose all of their money his comments were made during a press conference on thursday where he said the only value crypto currency is have is the value people put on them but it is impossible for them to have intrinsic value he then added quote i'm going to say this very bluntly buy them only if you're prepared to lose all of your money so joining me now to discuss the latest. stan crypto analyst christiane i all right christine let's start with this claim that crypto currencies have no intrinsic value what is your response to that. well then i would say what is the intrinsic value of the u.s. dollar or the british pound for that matter since we're talking about the bank of england and intrinsic value of a commodity is the value that the product possesses and of itself it doesn't

require any additional horse to provide it with value so we're talking about like sweetness is an intrinsic value of sugar but where is the intrinsic value of the dollar because certain currencies were backed by precious metals like gold and silver for now to 40 years ago today most global currency aren't backed by anything the only thing backing it is derived from the relationship between supply and demand and the stability of the issuing government so that statement is just the pot calling the kettle black because none of these currencies now have any sort of intrinsic value the value of any currency comes from the trust people have over the network as a means of exchange so in fact because actually does happen in chicago talk about that the value which is derived from the control it gives the users to actually own the at that point is non-conscious gettable and provide users with an unprecedented level of financial freedom compared to traditional assets so even safe haven assets

like gold for and they've seen many instances where it was actually seized by government in the past and they went to block him for that matter censorship resistant so the c.e.o. that i actually thought about so that'll is a cripple custody and he can go up he grew up in argentina and his family actually lost their saving 3 times and a lot due to unfair confiscation of asset so keeping this kind of framework and mind bitcoin is the that it's not just and then next our global disaster it's more so the hedge fiachra change because unlike the us dollar 5 or the pound that is no longer has any sort of intrinsic value that went and should that value is actually growing and likely to strengthen over time as it non-complicated the characteristic the. centralize nature and also under bill ready as to value over time yeah and it's ironic because the u.k. is one of those governments is looking at creating their own digital currency so

whenever it comes to the so-called bric coin you know that they're going to be ready to talk about how safe and trustworthy it is of course after these comments on other ones like going ok so gov bailey also claimed that you should only buy crypto if you are prepared to lose all your money highlighting risk to the financial system in the speculative nature of crypto currencies are these dangers and risk inherent encrypt those. some risks and but the currencies but there are risks and higher than any sort of investment the fact that he's saying that people should be prepared to lose all their money that's just pure fear mongering so it's just more nonsense from someone who is attempting to denounce cryptocurrency because the take power away from central government i mean let's not forget the 2000 some financial crisis people actually lost everything their homes their life savings and best thing and these near worthless the prime mortgages that were supposedly back and supposedly safe so let's look at even a more recent example venezuela and turkey they all suffer currency crisis and

recent years the nagoya suffered hyperinflation and turkey is suffering from inflation a currency drop and a rapidly depleting for exchange reserves and these are all real risks in so-called real fiala currencies that bailey's choosing to ignore and back in those countries the only people who actually didn't lose everything are those who turn to crap and exchange their worthless b. up money for bitcoin so yes there are parts of the crypto universe that is speculative in nature things like dogecoin that we talk about things that don't really have an application or utility that's being hyped up as a need when the market what we witness against happen and the earlier this year but that's just a very small part of it things like the coin and in theory and they have real value meal technology and real use cases being developed so it's not just speculative and of course those are risks just as there are risks inherent in any sort of message but bailey's comments are just pure fear mongering and at this point trying to doubt that the refusing to adapt and accept changes that are coming into the

financial system and even china who actually did help like hold a new 5 years ago they've not even changed china went so far as to ban one back and 2017 very nice risk to the financial system and the secular to frenzy that it would generate but even dave come around to accepted it and went as far as to officially call it an alternative investment rather than just a pure speculation and it's interesting to see how these officials think that they're going with the status quo but it could come back to bite them long term especially if scripter francies become more and more popular actually i'm going to consider here kristie i thank you for your time. markets were mostly up this week despite rising prices as progress towards recovery continues let's start in russia were the most axes in the green hitting record highs on friday as geopolitical tensions cool russia authorized

a one shot vaccine dubbed the sputnik lite the russian direct investment funds does it has an efficacy of 79.4 percent and will cost less than $10.00 the shanghai composite is down losing 2.5 percent for the week despite the drop china's exports were more than expected at over 32 percent in april fueled by global stimulus but services sector also grew at its fastest pace in 4 months the hong saying it is in the red this week after a slight loss on friday pushed hong kong just into negative territory tech took a big hit as tensions between china and the west continue to weigh on the sector costing 4.3 percent in japan the nikkei is up despite concerns over the government's plan to extend the state of emergency until the end of may video game maker nintendo also lost 3 percent on friday as it confirmed the demand for its

switch console is expected to decline 11 percent this year now over to india where the sun sex is in the green even as the nation continues to see a massive outbreak of code cases new daily infections were above 300-0042 weeks straight but the lack of a widespread lock down is keeping the surge from weighing on stocks banks also saw gains after india's central bank boost of lending to help the economy and australia the a.s.x. is up mining companies saw gains as the tack and banking sector faced losses tensions with china also hit a new high. this week leading beijing to indefinitely suspend high level economic dialogue we have another green arrow for the all share in south africa while the vaccine drive is just getting started 14 percent of the population have received at least one dose the new orders poll also suggests that the south african economy

will grow by 3.7 percent in 2021 in london the footsie is up the bank of england upgraded its forecast for the country's economy saying it is expected to grow 7.25 percent this year from previous estimates of 5 percent as the vaccine rollout continues the german dax and french cac are also in the green new data shows german exports grew by 1.2 percent in march while manufacturing activity grew 2.5 percent for its part french industrial output was up just shy of one percent the country's finance minister says the government will decide in september whether to expand its economic stimulus plan in brazil but it is also up this after the brazilian central bank raised interest rates by point $75.00 basis points to 3.5 percent on wednesday as the nation continues to deal with inflation the b.m.v. is in mexico despite an euel inflation hitting its highest level in 3 years well

above the central bank's target inflation surged more than 6 percent in april from around 4 and a half percent in march here in the united states the dow and the s. and p. are hitting record highs but the nasdaq is down despite the latest data showing the u.s. added fewer jobs in april than expected the 3 major indices saw gains early on friday supported by heavyweights apple facebook microsoft and amazon and finally to canada where the ts x. is up things were mostly even for the week going into friday. but rising gold prices push the material sector up hoping to solidify that green arrow now moving into next week we will continue to keep an eye on the state of inflation and how it is being impacted by a growing shortage of basic commodities and that is your global market walk.

a long running dispute over fishing rights led to a full on military standoff between the u.k. and france on thursday after approach us led by french fishermen resulted in the navy's from both countries deploying ships to the area british prime minister boris johnson is calling the conflict results for now in a statement he said the trade and cooperation agreement that went into effect with rex it brought in chances for fishing arrangements between the u.k. and the e.u. as a result the small u.k. dependent island a jersey has a right to regulate fisheries in their waters so joining me now to discuss its quarterly dividend of straw mark i'll see hilary it's great to have you on the show today as soon as i saw this story i knew that you would have something to say about it so what led up to this conflict and why did it lead to a military standoff. well richard you're totally right you have months and months

of me to explain the situation how this is been extremely complex and this was actually one of the big hitches over breck's it a small issue really in terms of the revenue generated for the british fishing industry in terms of the overall economy however a huge national's nationally symbolic issue in terms of the sovereignty of the seas and that's what boris johnson had always referred to it as this actual issue is actually a bureaucratic hitch it's about the judge jersey legislature issuing licenses for those french fishing boats they had to demonstrate that they had a previous track record of fishing in those waters with g.p.s. systems a lot of those boats don't have g.p.s. systems and of course there was the insinuation that this had been done on purpose and for those not familiar with jersey it's a very small island it's actually about twice the size of manhattan it's much closer to france about 50 miles from france and something like 7078 miles from the

u.k. but very significant for the french fisherman they were outraged that they lost their access to these waters around jersey where the fishing is actually rather significant for them in terms of their catch what is also the issue is say in this space and watch this space until 2026 because that is what's called the transition period these next 5 years where this issue will come up quite a bit because 25 percent of all of the e.u.'s catch has been agreed upon by the e.u. and the u.k. to be returned to the u.k. so 25 percent is going to be transitioned over 5 years and i'm pretty certain that you're going to see more of these issues the next issue coming out is those same french fishermen have actually threatened to blockade the port of cali wow ok so this is somebody who will continue to can't following it's not just kind of a fluke incident between mature countries but the timing is also very notable here

because. this comes just a day after the g. 7 summit where the u.k. and france were among the countries valen to work together so why do these disputes over post brecht's that agreement stand to threaten the major alliances like the g 7 that the u.k. and the e.u. are both a major part of we're right rachel the g. 7 ministers and development says just met the actual summit is going to be in june in cornwall actually caucus day in the u.k. and that's where you'll see all the global leaders including from the u.s. side will be attending the other members of the g 7 but i would say this it was an inside government minister just actually announced and he basically positioned it this way he said we're like 2 brothers referring to the u.k. and the french he said we're very close we're close allies but just like brothers there are bumps in the road i do think this is a flashing point mainly because there are the economies at stake in the throughout

france i don't think it's going to break the g 7 that's a was the certain because it's so significant in terms of overall economic impact the both nations but remember this macro is up for reelection and he wants to deflect blame anything other than his own policies for any failures he doesn't want to admit his failures in terms of the french economy and as you know there are many moves for a frex it for the french to leave due to the failure of his economic policies and he's going to blame anything including these fishing agreements and definitely a lot of moving parts there and we will have you back for future updates especially when it comes of those fishing disputes hillary ford which thank you so much for your time today. pleasure h. . time now for a quick break but when we come back the private messaging out signoff says it was from posting an ad that told the truth about how facebook exploited users well the next and as we go to break here's the numbers at the club.

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it's easy just. play. the private messaging apps signal is calling on facebook saying it was blocked from posting ads that told the truth about the tech giant and the ways that exploits users in order to target them with advertisements now facebook is calling this a publicity stunt but signal says it is using this as an opportunity to raise awareness archies science have injured explains it's no secret that facebook runs an extremely successful and profitable digital advertising operation based on every user's behavior yet many of the people who actively use it services aren't aware how the social network giant shares their data with advertisers now the full picture is hazy to most dimly concealed within

a complex system in fine print designed to be scrolled past by users now to shed light on their issue and nonprofit privacy focus messaging app called signal which is also a direct rival of facebook's about sab claims that they try to use facebook's own targeted admission against ed how by launching an ad campaign on instagram by using this same exact multivariate adverts that facebook's ad tool uses and don't forget facebook also owns instagram now saying. no reveal is serious of a deeply personal ads with a blunt message designed to expose intimate categories facebook users to classify users to give you an example one read you got this ad because you're a newlywed pull out his instructor and your cartoon crazy this ad use your location to see you're in la jolla you're into parenting blogs and thinking about l.g. b t q adoption now in

a block post signal claims that all the ads are removed by instagram recreated a multi-variable targeted ads designed to show the personal data that facebook collects by you and sells access to the ad would simply display some of the information collected about the viewer which the advertising platform uses facebook was not into that idea in response to signals blog facebook denied that it suspended signals account for running the ads and accuse the organization of pulling a p.r. stunt this is a stunt by signal who never even tried to actually run these ads and we didn't shut down their ad account for trying to do so facebook said if signal had tried to run the ads a couple of them would have been rejected because our advertising policies perhaps it ads that assert that you have a specific medical condition or sexual orientation as say go should know but of course running the ads was not their goal it was about getting published city now

signal in turn refuted facebook claims saying on twitter we absolutely did try to run these ads the ads were rejected and facebook disabled our attic ound these are real screen shot as facebook should know now as facebook spokesperson responded on twitter saying that the screenshots from early march when the attic count was briefly disabled for a few days due to a related pm an issue now from what we've seen so far it's difficult to see who was speaking the truth here. signal has been proc actively advertising its services as the pro privacy alternative to what's app facebook on the other hand has not always been the most transparent company and signal is funded by brian acton an entrepreneur who sold whatsapp to facebook for $22000000000.00 making himself a billionaire several times over in the process now act and left facebook and

whatsapp and 2017 and later claimed that facebook was a laying the groundwork to sure targeted ads and facilitated commercial messaging and whatsapp and following that can bridge analytical scandal act and tweeted it's time hash tag go lead facebook for boom bust i'm sorry to have injure r.t. . joining me now to go further and up on this story is boom bust co-host and investigative journalist bones fawn all right ben we got 2 sides saying different things here so do you will you get signals out account was actually polled as they claim or was this a publicity stunt as facebook claims. yeah i really don't know i mean facebook makes a good case for why it was just a stunt you know obviously signals as it wasn't but i don't think it really matters whether or not facebook actually called the ads because because either way signal went right because what they've done is they have created a p.r. campaign out of the fact that they have told the truth about how facebook goes

about through instagram and facebook conducting targeted advertising by selling your data look we all know that it happens but creating any kind of buzz around the glary obvious results of this kind of data mining that takes place through facebook i think is a positive thing for signal so listen i don't know who's telling the truth here but i don't think it matters because the as told the truth about what facebook and instagram do every single day to billions of people around the world and that's an excellent point instead it's kind of turned into this he said she said battle instead of looking at this content that they put out there for you to see exactly how you're targeted just based off of what you're doing on facebook every day ok so there is a bigger issue here than just this one of bad publicity we know that signal is a direct competitor to whatsapp so how much of an effect has signal had on facebook's messaging properties. well i think signal has had

a big effect on what's app but i think facebook has had a bigger effect that mark zuckerberg has had a bigger effect on whatsapp because of the fact that may 15th which is just a few days away there is a deadline that's been set on what's app that essentially says you have to agree to their brand i'm disabled and you will be able to use what's app anymore and there are a lot of people as you know rachel who are very concerned about this because some of that terminology in the new terms of service for whatsapp seem to indicate that your data will be collected and sold in the whole point of what's app is it supposed to be encrypted messaging service just like signal is indeed indeed encrypted messaging service so the idea that that would happen and of course they because all that's not going to happen with the terminology is different this is only for certain into teas and certain pages yet will take their data and we'll sell the data for 4 groups and pages that are on whatsapp for businesses but we will do it to you as an individual vidual user there are a lot of people who are fleeing away from whatsapp as a result all right and

a lot of people have learned about trusting facebook in this process and of course those alarm bells line up whenever they decided to buy what's app and what's that kept saying oh no we will stick to our policies here but you know that again as i write so what is the biggest threat to facebook's continued dominance in the social space i mean after all it seems like there are more and better competitors on the rise that we have then we have seen in a long time is that correct. i think that's true and i think the reason for that is because of facebook again this is what's amazing to me such as facebook facebook twitter you tube google these companies actually are creating the market opportunity for competitors 4 or 5 years ago there was no space left for somebody to really compete and if you did have the space to compete you just got bought up and acquired that's what happened to instagram it's what happened to whatsapp the difference now is that companies like facebook because they keep doing things where they abuse user data and then they say loops they pay a fine or they change something like what's app which is extremely popular that

they didn't go in the 1st place they simply buy it and acquire it and then they start changing the game for it they're actually creating the market opportunity for companies like. ben song thank you for your time and insight on this one thank you . that's all for now you can catch bin bass bite him on demand by downloading the portable t.v. app for your apple or android device will see you here next time and as always don't forget to question more. i i. i. i.

how to read out read i turn on the t.v. on the back the world of what's happening around me i see shows on the screens but in last every day because the fake news narratives that a state lead to maybe going to look a little bit enough prisoners with tom f. the plumber brick by brick globalism make it sound how plenty off that in this war but i found the network that open question science great the saddest face civil strife climate change savile was being called simply lists all the mainstream wants to do was keep us cool like you watch the right you can't keep a silence critical points these cold perspective questions inside directly if we don't take sides we walk the walk artsy america means real talk.

i'm holland cook i invite you to climb with me a part of the mainstream media and from that higher fat age to glimpse the big picture question more. 'd 'd i think the average viewer just after watching a couple segments understands that we're telling stories there are critics can't tell me you know why because their advertisers won't let them. in order to create change you have to be honest you have to tell the truth artie's able to do that every story is built on going after the back story to what's really happening out there so the american public what's happening when a corporation makes a pharmaceutical chills people when a company in the environmental business ends up polluting

a river that causes chancer and other illnesses they put all the health risk all the dangers out to the american public those are stories that we tell every we can you know what they're working. right now there are. people who are overweight or obese it's profitable to self. and sugary and salty and addictive it's not at the individual level it's not individual willpower and if we go on believing that never change this obesity epidemic that industry has been influencing very deeply the medical and scientific establishment. what's driving the obesity epidemic it's for profit.

just say. hello everyone let's take a look at today's menu to see what we're serving up on the press facebook of holds its ban on former president donald trump for now trump responds and some media reaction may surprise you why does joe biden seemingly brag a higher percentage of black and latino seniors have received the coded vaccine than their white counterparts these numbers are a sign of progress forrest cooper will be here to weigh in it's more than just porn sites that are complicit in poisoning our children and you may be shocked at some of the names will be showing to you lionel and lynn shaw have the details this.