people who are society, so it makes sense for them to throw it out right off, rather than give it to somebody who could use it. and then that person is not going to buy it. the russian president vladimir putin speaks to us media ahead of the much anticipated summit with joe biden labeling, accusations made by the us president that he is a killer as an expression of us culture. leaves do feel a sense of deep. so simply 12, we have young police officers who by age alone, will not be vaccinated. how can not be right? u k. police chiefs raised the alarm over a lack of vaccination for the for some years, the 5 south and the unjust officers that the g 7 summit to become the cobra super spreaders. while in new york parents declare war on woke,

indoctrination at schools putting up billboards demanding their children instead be taught to think for themselves about diversity. those are your headlines this and i'll be back in about an hour's time with another quick look. the search international ah, if you get your news from social media, here's the problem. you may have seen this on facebook or twitter. i saw it posted by house minority leader, kevin mccarthy. and if you're hearing this is a podcast, i'm going to read it to you. it's a graphic titled, how much more does it cost to live in, jo biden's, america. it shows a 1000 bored feet of lumber, costing $304.00 in 2020. now up to $1500.00

a gallon of gas was i bought $95.00 now 3 o 5. a ton of wheat up from $183.00 to $251.00. coal was 39 now. 80 and a bushel of core and just $343.00 a year ago is now $686.00. this is all the presidents fault damage. he's done and just several months, mccarthy implies as f. b for the border close to canada. whereas so much lumber comes from the trumpet. ministration had not imposed a 20 percent tariff. it was later lower than 9 percent, as housing demand sword during a pandemic, when other supply chains and labor were interrupted, and it won't get cheaper sooner with the president of the british columbia lumber trade council warning. as u. s. producers remain unable to meet domestic demand. the ongoing actions of the

industry resulting in these unwarranted tariffs will ultimately further hurt american consumers by adding to their costs. and yes, that gallon of gas sure was cheaper a year ago when suddenly so many of us stayed home. and before that, recent ransomware, cyber attack shut down the pipeline that moves 45 percent of what the densely populated east coast burns just as perennial seasonal demand was rising. which would, even if americans who settled for station last year weren't hitting the road this summer, corn and wheat, they're not the only crops. now pricey is restaurants reopen here. china's import demand source and whether remains a big factor in crop production. coal after last year, slump, natural gas prices surged to the point where gas us has become more expensive for

energy producers. while washington's blame game remains selective about fundamental facts and figures. our uncle sam has been running the printing press day and night since the shut down his relief payments were a godsend when life went upside down last year. but is life changing? inflation now inevitable? let's ask our tea boom bus. co host, christy i and christy because so much washington noise is intended to confuse 1st things 1st define inflation or inflation as kind of what we said when we the customer have a decline in purchasing power is in our default currency over time. so this basically comes to the general level of prices rise. as you said, gas food commodities is everything becomes more expensive. our $100.00 won't buy as much as it once did. but on the other hand, it tangible assets also rise. so if you hold any sort of stock commodities,

property real estate, you would actually be happy because inflation raises the value of your assets. on the other side of the trade, if you're in the market to buy property or stock, you'll not be so thrilled. so that's why people don't like holding cash during periods of inflation as a purchasing power of their dollar gets eroded just sitting there in your bank account. because given the current levels of interest rate, they're actually losing money by having it just sit there in a bank. but in place you want the optimum level. you may as well have it in your mattress, but you're right, we do want a little inflation, right? exactly, you do want a certain level of inflation in order to actually promote the economic growth. so the fed is now tardy about a 2 percent inflation. so they don't want people to save that much. they actually want to promote spending in order to combat the comb recovery. during the pandemic, i walked by a penny i saw on the ground and i felt guilty for the rest of the day. i was just jermel phobic at the time,

but it used to be worth something. cyber terrorists can spike are gasoline prices, forces of nature, can make food suddenly more expensive. the worldwide pandemic slammed the brakes on supply and demand generally. but all that aside, when interest rates are high, the economy slows, and inflation decreases when interest rates are low, the economy grows and inflation increases. christy has the federal reserve painted itself into a corner. well, yeah, the fed has pretty much pin themselves into a corner by insisting that all of this inflation that we're seeing is transitory because every single month, the fed, her power jerome policy continues to say that inflation will pick up in the coming month. and it will likely be temporary, but not enough for the fed to get off the sideline and alter its record low interest rate policies. so this messaging is supposed to be a sign of confidence that things are on the right track and that the fed doesn't

need to come in to interfere because there are no foreseeable problems. but there is a problem because power wait and see messaging is clearly not being received well, because every time the market here is a bond yield, jump and docs fall signaling, the investors for the stronger growth and higher inflation in the near future than previously anticipated. so the market is basically expecting that the fed will have to walk back the words before the end of the year and be forced to raise rate given how the recovery is out pacing expectation. so that message of confidence appears to be lot. but then on the other hand, it's better word than normalize rate. let's not say ways rates, but let's just say normalize them back to what was reasonable. if they were to do that, the market with the has the fit and people would say that the fed is tightening too soon and strangling the recovery. and it's going to be going back against import earlier. so be viewed as super hawkish and admitting to the fact that the fed has fallen behind the curve. and that this inflation we're feeling is not so transitory at all. we think domestic terms and we're talking about the fed, but isn't this

a worldwide phenomenon now? it really is because not just in the us, but also in other developed countries. they are recording a jump in median home prices to near all time highs, many of them selling for more than their listing prices. and also, if you look at in the us as well, the national ramp report is showing that the average rent has increased by the largest single month increase ever recorded recently. so, especially in the us, i'm looking at mila. all the stimulus money has now dried up and that has resulted in the savings re plummeting by over 50 percent in the latest report. so basically, prices are rising at the fast pace in almost 30 years. meanwhile, income and wages are either stagnant or plunging. and all of this is supposedly transitory. well, nobody likes rising prices except people who are selling things, including labor, post pandemic, a strong economic growth demand is up sharply. the help wanted sign is everywhere.

is this the roaring twenties, or having printed all that relief? money are we burning the candle at both ends and making people too lazy to go back to work? i mean, to put it in context, printing all the money is putting in mileage which printed about $3.00 trillion dollars last year. and to put that in perspective for people that's about one 5th of the total circulating amount of the us dollar since the us dollar it was created . so that's quite a lot to print for a single year. and then in terms of labor companies have now stated labor shortages that have been persisting even with all of the increased incentives to get employees back. so the national unemployment rate is now about 6 percent, but the labor market is now out across the road. there's strong demand for workers, but problems. it's applied by a 9800000 workers sitting on the sidelines. and one of the major things that businesses are pointing out are the enhance unemployment benefits. so they are now

pinning the jobless who say that they're struggling to find work. again, businesses who are arguing that they are struggling to fight employees. because this supplement has now become a major disincentive for lower wage workers. although there's a high 8000000 job openings as of march, some workers are saying that these positions pay to little, they're too far away from them. they can't afford to accept it or that the position is still there, certifications they don't have. so these are arguments that you wouldn't have heard if there wasn't a $300.00 a week, federal boost acting as a cushion and allowing these workers to be picky about what to take on. so we're beginning to see that some employees were in a position that they were literally making for 5, sometimes $6.00 an hour or more on unemployment insurance with the pen, then a bonus. so it doesn't really make sense for them to go back to work anymore. well, we are talking to inflation with our t boom bus coast,

christy i and i down to about 30 seconds, but i gotta tell ya. we find silver linings everywhere. i just did a mortgage refi at a rate that was prevailing when l. b, j was present, it. can you think of any other ways someone watching can brace for inflation? well, similar to that, you can also re fi, your car, loan student, consolidate your debt. but other things to look at, as we talked about earlier, are in anti inflationary assets, such as goals such as big kline, any assets. the point is you don't want to lose more purchasing power than you already are. so it's better to invest in a growing asset and to have it in a savings account to get what way you bet that the bitcoin is a roller coaster. christy i boom bust on our t america. thank you for stepping into the big picture coming up new rules at facebook. a new law in florida and everyone is still irked at social media.

this is the big picture on our t america. ah ah, i the ah.

safety harbor and then last summer solutions every year we try to dig into the solutions and we've got a special guest today. jim counselor of counsellor dot com. oh, i regular viewers and listeners to the show have heard my rant about title 2 of the telecommunications act of 1996, which i and my brothers and sisters and the radio family largely blame for the way big corporate media has trashed local news coverage and local programming, and lately you're hearing lots about title 5,

commonly referred to as the communications decency act, which sought to seal a shield the children from the internet pornography. so who's against that? what is controversial is what you hear called section 230. you're hearing a lot about this lately, because as the internet was 1st blossoming and the 1990 s, it added protection for online service providers and users from actions against them based on 3rd party content, stating in part no provider or user of an interactive computer service shall be treated as the publisher or speaker of any information provided by a nother information content provider. sound like double talk to you back to the future post january sex with donald trump kicked off twitter and facebook and his loyalists. continuing to use twitter and facebook to complain about twitter and

facebook shielding themselves behind section 230 as platforms while editing things, the way publishers do. and facebook explains that whether it's false or misleading content about cobit 19 and vaccines, or climate change elections, or other topics we're making sure fewer people see miss infra. and on our apps, 3 recently instituted changes give people more information before they like a page that has repeatedly shared content. that fact checkers have rated a pop up. invite you to click to learn more. facebook will reduce the distribution of all posts in news feed from an individual's facebook account. if they repeatedly share content that has been rated by one of our fat checkers. facebook was already reducing a single post, reach a news feed,

if it had been debunked. now all of your feed could get flagged. and now these notifications include the fact checkers article debunking the claim. and a prompt to share that information with the followers. legal and media analysts, lionel lionel media dot com. what's wrong with that? do me a favor next time. take what you just read. what a laugh track under it. that was the biggest. you my dear friend. that was the biggest lie the biggest folderol, buncombe, balderdash i've ever heard. you said that 230 was put up to prevent children to 30 is being used right now to actually keep up child rape video's on the internet. it's being used by big tech to keep the billions and billions of dollars a profit from c, san or child sexual abuse material. so we have to just take everything you've done,

who know, pull it backwards and state. that is an absolute why. let's go back calling because we've been talking about this very same issue and i think we're going to be talking about if ever because it is a b, c dairy and it's elemental and i know you well, you and i have been in the talk radio radio best use in the cooler year, but just ration. so we've seen a lot of changes, but let's talk about the way things are now. nothing that i grew up in. nothing that you grew up and, but it's a very simple thing. the 1996, roughly when the internet came about they needed some form of liability. immunity in a made sense, because if they're going to be putting out broadcast by billions, every 2nd, there's no way they can possibly make sure that somebody doesn't say something that may de fame somebody else. and if it does, don't hold us liable. we're just

a billboard. we're just putting up something new. what you are saying, you're going to be responsible, not us. it sounded good for the sound that ok, but here was the deal will let you enjoy this immunity from liability. we will allow you not to suffer civil lee in case of you know, lawsuit, so long as you do not active publisher. so long as you do not edit what is and isn't hard because that's inconsistent. if you're a, this billboard company that just puts an even bill more companies at it. but if you're just as neutral, kind of like a public square, you're the dial tone, you're, you're, you're just error. you can't edit what people are saying at the same time. but not edit for purposes holland of something that's inappropriate or rude or does courteous but something that is not factual. if somewhere somewhere, somewhere along the lines said helen cook has one of the best programs in the

history of any platform of recorded industry. and it's an app, so we're going to take it up because you see that's misleading. now you and i know that's called puffery. that might be my peter's, the best tune in for the number one coverage. this is what we do. it's called exaggeration is called artistic, whatever it is. now nobody whatever, think that, that by fall under the category of misleading. but if i want to dock you, if i were to make sure that the word old world of holland cookies not heard that i'm going to say, well 1st of all, what you were saying is natural. now then, then i'm going to pick this group of g drools as we say in new york, a group of people like politic fact, people who are ne'er do wells, the flotsam and jet some of humanity at them per se, but people who have no basis whatsoever no bone of fi days to determine truth, but i'm going to pick them as the gus blue ribbon group and i'm say up, i'm sorry,

thank you for your concern regarding your statement regarding how in cook. however, our fact checkers just rule that how and cook is not the luke, the luminary, the to think here. so now we're getting into basically coming up with these contrived hypotheses for basically editing where people say the bottom line is simple and your questions were i think i know what you're going to ask. well, how do you fix this simple, big tech? do you want to be a billboard? you want to be the dial tone, or do you want to be like a radio station? how can you and i know when you have w h o l, in wherever you're in the program direct you, you're the news director. you pick what goes out. you have a guest, you have a 7 2nd delay. you have firewall after firewall of, of editing and thinking. so consequently, if something really, really outrageous gets out there,

you should be held liable because you had the chance to filter it. you, you, you and selected this message. fine. well, that's editing. but that's exactly what they're doing right now. they're doing the same thing. and i can go example by the way, this in political, if there are some things i'm sure that you might like. and it's very difficult for some people to say, well, i don't mind facebook knocking that off. i never cared for him, them all. yeah. well that's not the right. that's not the same. yeah. it's all about who's acts as being gored and jumping in front of the parade against what he calls a power grab on speech, thought and content. governor ron de santis recently signed what he calls his state's big tech bill, which allows floridians to su, social media platforms for up to $100000.00 per proven claim for censorship. and the prob er de platforming. here is the governor. listen, we now have

a situation in which some of these massive massive companies in silicon valley are exerting a power over our population. that really has no precedent in american history. and i would suggest the monopolies today, these big tech monopolies are exerting way more influence over our society than the monopolies of the early earliest 20th century, which led to anti trust and a lot of trust busting. and so we're in a situation here where these platforms have become our public square, floridians and other americans go on these platforms to be able to share ideas. i can smell a focus group on mile away and every word of that pitch was pitch perfect. the lion, all your, an attorney, counsellor, translate legalese to layman talk. the 1st amendment protects free speech from government control. the tech platforms are private enterprise and here comes

a state government trying to control speech and p ass. what standing does a state law have when it's a world wide web? great questions, by the way, don't ever see world wide web use that site saying new fangled, little little heads up. first or fact. i like what he said specifically as far as the public square. we give you an analogy and this might explain it years ago during the civil rights prior to civil rights being what it is when jim crow was jim grow it. it was really when black americans, african americans couldn't go to restrooms in public facilities. ok. nice folks would say excuse me, this is a private place of business. you have no right to come in my store, my restroom or some place else for do you think you are telling me and who was the

state of mississippi or alabama telling me that i have to allow public accommodations and separate but equal is not separate, but so somebody said that a long time ago, wait a minute, our ability to communicate to converse, to convey, to get fabulous to live together is so important. and we're going to grant this special if you will, a right to civil rights. and i would also suggest by the same analogy, imagine this one day, how, when you're on the phone talking to somebody. and you're say, you're not gonna believe this, but this no good. so, and so when you're referring to a politician or somebody you don't like, and all of a sudden your phone goes down. you said, wait a minute, what does this? and you get a notice from your carrier that says, we have found out that your predict what you were saying is, of course back jagger's. it's incorrect, your not speaking the truth and you say, but i'm in a conversation. yes. but what you're saying, we find hateful and you say, wait a minute. this is the phone company. you give me

a, we have a dial tone this know us how aged and decrepit we are, but this is a phone. i don't want you to edit what i'm saying. now, do you see where it works? now, do you see that something is of such an enormous main nature that it provides the very highway the very means of discord that everybody on the planet enjoyed? you might, as we say in the south, that dog don't hunt this argument may have been great, you know, 996, but not now. now i do agree with you. he might have jurisdictional problems, whether it's a state versus a federal. yeah. yeah. yeah. but we are going there. let me tell you what i want to do in my kingdom. i want to declare these platforms utility the same way, the light carpets, for example, you've never plugged in something. and all the sudden your fax machine doesn't work because con ed doesn't like fax machines or doesn't like what you're sending on the

fax machine. you would have never thought of it electricity in airwaves and dial tones and tv. it's neutral, it's, it's, it's provided the foundation of good. so you tell a day that yes indeed, you are willing to go with mark mark. and well, that was a whole separate argument over net neutrality when the last regime wanted to call it a utility tool. but that's a different show, and we're out of time lionel, while media dot com. thank you very much and thank you for watching the big picture . if you'll watch us live, we'll be back. same time, next week you can set the d, v r for direct tv channel 321, dash, dash 280 on any connected device, youtube dot com slash r t. america. and my bulging archives are, and you tube dot com slash the big picture are t, all of the above and thousands more shows free on the portable tv app at portable

dot tv or in google play or the app store. i'm hollan cook at holland cook on twitter, where if you follow me, i'll follow you question more. ah, ah. we're here in saint petersburg at the international economic form, and the topic of our program is the global economy. how is it changed since coven, for the winter, for the loses? what are the challenges? and what are the opportunities? one of the worst ever mass shootings in america was in las vegas in 2017. the

tragedy a close a little of the real last vegas. where many say elected officials are controlled by casino owners. the dangerous shooting revealed what? the l v n p d really is, and now it's part of the spin machine to the american public barely remember that it happened just shows you the power of money in las vegas. the powerful showed that true colors when the pen demik hit the most contagious contagion that we've seen in decades. and then you have a mayor who doesn't care to. here's caroline goodman, offering the lives of the vegas residence. to be the control group to the shiny facades conceal a deep indifference to the people the vice could have been saved if they were to take an action. absolutely, keep the registering and keep the slot machines being in vegas as a money machine is a huge cash register that is ran by people who don't care about people's lives being lost.

the hi. i'm ask either and this is the kaiser report. i'm here at stacey, herbert, and this is summer solutions. every year. we try to dig into the solutions and we've got a special guest today. jim counsellor of counsellor dot com, stacy. right? remember james was a guess on our series front running. so at that time we were looking at all the radical platforms of the various candidates for the democratic presidential nomination. and they were radical things like u. b, i m, m t and all sorts of other ideas. well, they've all become basically law. now we all have them implemented, so we're going to talk to him about a few of these. but jim, welcome to summer solutions. pleasure to be with you both. well,

the money printing continue until morale improves and just how much more can morale improve anyway? like stock market or at all time highs, housing prices storing wages or at all time highs. so like how much more money printing are we going to endure a happy, happy, happy is american. now, it kinda depends on how worthless the money becomes as the punishments of money printing continue. and i think we can probably all agree that there is a great hazard in printing, no end of money with quotation marks around it. because it's becoming increasingly detached from any real productive activity in the arm and on the ground, the economy. i remember back during the time of f d r. there was a lot of money for in thing going on, but there was also a big worked program. so people were out there working and building and infrastructure and bright bridges and roads. but this time they're just printing

and money giving it to folk.