that's including 14 women applied to run. so only 7 male candidates were approved. and that wraps it up for this news. we do have lots more new stories covered for you on a website. you can check the bounce off the dock. me we're going to talk a lot about wild energy and also use volcanoes as a metaphor to elucidate so many of the big trends happening in geo politics and finance the

this is going business show you can't afford to miss. i'm rachel. love is in washington coming up, the world think is refusing to help el salvador, implement bitcoin as an alternative to the u. s. dollar claiming it has environmental concern. we'll discuss slot market react to the federal reserve plan to raise interest rate sooner than expected. but will be soon enough as inflation takes the whole on the overall recovery, then china 3, after not through its own self to those base station for the 1st time ever. so what does this mean for the international re fan where it is the u. s. stand, we have a lot to get to. so let's get started. following a landmark decision to adopt bitcoin as a legal currency, all salvador is seeking technical assistance to make its vision a reality. the country has already responded to pressure from the international monetary fund by saying the goal isn't to replace the existence of the us dollar,

but to allow a parallel alternative. however, the world bank is already saying it has no plans to provide assistance. as mcpherson confirmed that help was requested, but said the world bank cannot one support given the quote, environmental and transparent the shortcomings of bitcoin as a currency. so joining me now to discuss the latest show host, an crypto analyst, benson and christy i been let's start with you here. so why has the world bank been so quick to say that it won't provide any assistance in implementing bitcoin as a currency? yeah, i think the answer that is pretty simple because the world bank is a corrupt institution, and i love the fact that the world bank comes out and says he cannot help el salvador to adopt bitcoin as legal tender and provide any kind of support because of 2 concerns, number one is transparency, and number 2 are environmental concerns. i break both these down for you real quick,

transparency that is laughable. we should all be laughing out loud at the idea that the world bank thinks that bitcoin, it has transparency issues, which of course, bitcoin and all crypto currencies are built on trust list systems. what is trust with mean? it means you don't have to trust because everything is on a error proof and fungible ledger that allows the public to be able to see whatever is going on. meaning that you don't have to trust that point. you can view every transaction for yourself, you know exactly what's happening with it. there's a fixed monetary supply of bitcoin. there is no playing with big coin in the way that i don't know. maybe the currencies are played with all the time. the way that the world bank, the way the b i m s, the way the federal reserve bank toys with money toys with economy. so give me a break. transparency that is laughable. the 2nd issue is energy consumption, because oh no, the world bank cares so much about the environment. i will show you this chart if

we have this chart that we can pull up because it really kind of demonstrates for you the annual energy consumption in terra watt hours per year for 3 major industries. you have big coin at the very in there. you have gold in the middle and then over on the right side you have of course the banking system and get this. so big coin uses about $113.00 tera, what hours a year in total. compare that to the banking system and the banking system uses $260.00 tara one hours per year. so if the world bank were being honest, which they're not, if they were trying to actually speak from a place of conviction, which they're not, they would admit that the banking system as it is right now, is far vastly worse for the environment. them bitcoin is okay. so it's almost laughable that they would choose those 2 issues that they claim they have with bitcoin because they're too busy dealing with everything else with their own organization as opposed. now, christy, what do you make of this move?

i mean, is this a positive move for salvador to become less reliant on the dollar and good for bitcoin as well? well 1st of all, i just had to agree with everything. been said that it was amazing. but speaking of the i am, i said that they won't help. but meanwhile, the central american bank for economic integration, which is a 15 member country so that they will instead provide technical assistance to help el salvador implement bitcoin as legal tender. so the, the a, b, i, executive president dante mossey, he's actually really optimistic about this move and that it would actually offer many benefits to the country citizen. most importantly, it would lower the cost of remittances for relatives of salvatore and living abroad, which makes a huge portion of their g p. so fall, i moved to make the point legal, tender. lawmakers and a number of latin american countries have expressed their interest in bitcoin. as well, this includes paragraph argentina, panama, brazil, mexico. and then you also have tanza nia,

also reportedly expressing interest as well. so yes, i think that the world bank is just afraid of losing their power and their influence with this gradual shift away from the dollar. and as such, el salvador is now being criticized, saying that this is a hasty move. that's not very well thought out. and because bit point is so volatile, it doesn't make any sense. but i think this will actually be a great real world experiment for bitcoin, because most other countries are letting their businesses make their decisions about whether or not they want to handle other countries. they prevent them from even touching crypt, courtesy el salvador right now. it's completely fucking the trend by forcing businesses to accept crypto by making legal tender. i think it's still too early to judge where hotels crypto experiment will go. he's also trying to entice investments into the country, promising beach from properties, no real estate taxes, no capital gain taxes on that point, and permanent residency to anyone with 3 bit claim. so given that the u. s. and other western countries, their intent on cracking down on crypto. this will probably play right into his

hands and we can potentially see a lot of crypto well flow over there are similar to what we saw in malta. yeah, it definitely seems like just about anyone who decides that they want to get away from the us dollar. they are going to face criticism whether it's from the media or in this case from the world bank. now switching gears a little bit, then i want to look at another story because we've talked a lot about billionaires who are getting into crypto. we're now learning that the mark cuban back crypto currency titan crashed from $60.00 to 0 in one day. so what in the world happened there? yeah, this is iron titanium, i think, is the name of the coin and mark cuban. let everyone know earlier this week that he is a part of that is a holder in it. well, on wednesday it was running about $64.00. and as of today, it's about a penny for it's worth talking about a crash. it was an unprecedented crash. but listen, christie and i have actually been warning about this now for months. right. all the

talk about safe moon and doze, coin and all these folks who want to get in diamond hands take it to the moon. here's the problem that we keep. yeah, we keep trying to explain the people that the problem is, is you cannot just base the value of a coin on speculation and how many people are jumping into it. you have every right to blow your money. if that's what you want to do, right? i talked to a guy this week and in fact, was that a birthday party? and he was talking to me about crypto and hey, you know, what, are you a whole the, what do you guys and, and i said was talking about what you like, what do you like? and he says, why? like i lived, oh, she's got a little bit of that and he's ready down the list of the different things that he has. and i said, i just want to ask you, why do you like, why do you like those points? and he didn't have an answer. his answer was, he, i think he talked a little bit about the law. must he talk a little bit about mark cuban if you are buying crypto because of the most get mark cuban who are making a huge mistake because some 1000000000 there bought a chunk of a coin does not provide value in the crypto ecosystem. and so, of course, titanium iron crashes, of course, all these others you and by the way,

mark, cuban and then it, oh yeah, i got hit too, and i saw everyone get, you know, so i got out and then he said, and then bam, meaning i got out before a crash yeah, he pulled out and all the little diamond head investors who were holding on thinking mark cuban was going to keep that, that token floating. you are sadly mistaken. so if you're going to buy crypto, don't buy it based on a billionaires name by it on the actual utility value of that token. great advice is always unfortunately, we're gonna have to leave it right there. but i know this conversation will continue because crypto currency and billionaires comments on, it aren't going anywhere. and so on, christie, i thank you both for your time and insight from one currency to another. the us dollar is showing its best performance in over a year as wednesday markets highest one day gain since march 2020. the dollar rallied in response to the news that the federal reserve is planning to raise interest rate sooner than expected. that also. * admitted it has raised its expectation for inflation as the price continues to increase all around. but the

federal government has no plans to decrease spending with nearly a dozen republicans saying they would support a one trillion dollar compromise to the buy ministrations latest spending plan. so joining me now to go further and job on this is tobin smith, b o of transformative research. now, tobin we have the fed acknowledging that inflation is here and it's higher than expected. but instead of changing their policy now, they continue to be in this talking about talking about making changes. so why do you think they haven't moved to take more action in the short term? well, let me draw this analogy, ok. there's a new star wars movie coming out, let's say, all right, and when it, that star wars movie comes out, it's been so long since he's ever seen a whole bunch of people, you know, pay double the money to go see that show. in other words, it price shoots up like this, and then, you know, 6 months later and all the theaters and now the prices are down about 50 percent.

and then in a year you can turn on disney, you can get it for free, right? what we've had in our to me is that type of, of search. and when the 1st level of the search, you're going to see this 7 percent quote unquote inflation. but the reason why they say it's transitory, it's the same idea of those movie ticket prices. as it, as it, as the fervor goes down, as the pet up demand goes down, then you start to feel a lowering and that's the point they were trying to make. i mean, maybe it's not as articulate as i just said, i'm kidding, of course. but honestly, you need to look at this in a completely different way because they've never been running a fed after a pandemic. and during a pandemic, and that changes the rules and to use sort of static rules like nothing's ever changed. that would be, is even more insane. ok, i can honestly say it, i don't think anyone has used that analogy on this show before. so that is an interest good created and we're here to look at it. now. another topic here is

a weekly jobless claims. i mean, we saw that they rose for the 1st time in a month by 37000 last week. and even with that change, we're still seeing americans getting back to work. locked downs are lifted and states pulled back on unemployment benefits, but with inflation hitting just about every product american by and of course, impacting their spending power. should there be more of a concern that if the fed continues to keep interest rates low, it could hurt the u. s. recovery? well, 1st, you know, the data is only good when you understand where that data came from. the, those excess claims came out of california, 31000 in pennsylvania, which is about 14000 over the number. so if you pick those 2 guys out, the, you know, there was nothing special about that your question about the in will price inflation effect? well, i mean, you know, yeah, they take the average household average households about a $70000.00 house out of to working people. the other part of the inflation that's

been factored in is that a huge part was the, the assumed rental rates, the price of rents have gone up, but did i have houses? i rented people, i usually run a 2 to 3 year leases. their rent hasn't got up. so a lot of the assumptions in there are at the margin. they're not for the core and at the core, your best biggest expenses, your mortgage or your right, your mortgage was gone down. the rent is locked in and for most people they haven't moved, so they don't have new rent to go with. so i wouldn't get jiggy about their quote unquote inflation rate affecting their spending. because what they spend on those prices have not caught up. all that's a fair point, and i know we like to look at all the numbers and data, but the context behind it is also really important. now, i have you here. i also want to talk about what congress is doing. we're learning that nearly a dozen republicans have said they would support a one trillion dollar compromise to the binding administration. $2.00 trillion dollars funding plan. now even though they say it's the name of infrastructure,

we have watch congress, what the market with stimulus over the last year. so why aren't they discussing cutting back on spending given the current conditions? well, what would run a manual say for best president obama? never let it crisis, you know, getting the way of doing things where, you know, we're using this crisis to, to have the wish list or tell you where the democrats blew it. in my opinion, i live in dc for 30 years, is that they changed the word infrastructure to mean a home infrastructure education infrastructure, you know, infrastructure used to be bridges, road tunnels. we all understood that there is a payoff from that in the economy. the more productivity, the jobs, etc. but when you start to say that k through, the, going to be preschool through k education is infrastructure. that the republicans lost their stuff because they can't go back to their state. and so yeah, that infrastructure. so finally they've come together and had to come to jesus

meeting. and i said, guy, if you want to call k through, why are you know, preschool to k infrastructure, you do that and a completely other bill, that's what they're doing. they are going to spend the trillion dollars because you can actually rationalize that with gas taxes, travel taxes, you know, and i added productivity. yeah, their word and restructure is a lot like the word transitory. it kind of depends on when you're talking about it as to what his definition actually is. leave it right there. but tobin smith, thank you so much for your time and insight today. chairs the time now for a quick break. but when we come back with the future of the international space station question, china just successfully launched the crew to its own station. and this inviting countries around the world to collaborate will discuss next. and as we go to break sure, the numbers out the clothes shoes

i do need to be it's more of our and we get it always dress covered up. no stimulation directly connected to the mexican assistance which is 100000 in everybody. and it contains millions of little if you exposure to, to muscles 1000000 work ah, phoenix has actually got a little uncovered face men's clothing and showed host. it's a kind of guy and feminism name is how camino bogged it up. put a human,

someone with a whole lot of that of us. it was a lot of up on the job, but you don't want me. she lives in one of the most dangerous and patriarchal provinces of afghanistan cost when she was time, i miss that. sure. no, i shall do that. i set up a little kid. i'm glad you got me knows that she does her best to fight for women's rights. i am not i wonder what you guys don't as you know, what i do know that she's known him by her nickname. the king was a guy to reco much other. that was really good news

. when i went to the wrong room, just don't the room. yes. to fill out the thing because the african an engagement equals the trail. when so many find themselves well, depart, we choose to look for common ground. look forward to talking to you all. that technology should work for people. a robot must obey the orders given it by human beings, except when the shorter the conflict with the 1st law show your identification. we should be very careful about artificial intelligence. the point obviously is to great track, rather than fear i would take on various jobs with artificial intelligence real

summoning a demon, a robot must protect its own existence with the in a historic 1st for china, it has successfully won 3 astronaut to its own space station officials from the country called the mission, a complete success, and they say it is just the beginning, as beijing words works to complete a space station that is seen as direct competition to be i stuff and more specifically the united states. so joining me out of this guy is rich tomlinson, founder and chairman of space fun and co founder of the space frontier foundation.

rick, it's great to have you on the show today. now i know that it is no secret that the u. s. has work to keep china away from the collaboration of the international space station. so how big of an accomplishment is the china space station and this latest mission? well, i think it's, it's huge and i think it's something that we need to be paying a lot more attention to and by paying attention to it, i don't mean sort of like out of fear that this is some sort of negative competition. this is positive to see more players engaging in space. the, the negative aspect of this is that we do have this situation where we have push them out of working with this. is it a way that creates the other side was that strengthens what it is the china is doing. and we should keep in mind that even during the height of the coldest part of the cold war,

it was the cooperation between the soviet union and the united states. that really led to some really great activities in space, including correct international space station. so while there should be some sort of competition, personally, i prefer that occur in the private sector in the sense of the nation states that are going in the space. i'd like to see a lot more working together. yeah, and that becomes the concern, especially when you hear the us talking about security concerns and trying to really isolate other countries. then the concern becomes that we're going to see that all around. and we know that china already has plans to conduct experiments at its base station with countries and include germany, switzerland, india, and russia. and with the future of the i, s s in question, and the u. s. and russia looking to pursue their own projects, is there likely to be more of a focus on competition than on the collaboration that we saw in the past?

yes, but i think it's going to come from a different sector and that's the private sector. we're starting to see the rise now of entities that are looking to build their own private facilities. and that is just going to grow and accelerate it is. you know, russia is talking about splitting off and doing their own thing. personally. the more the merrier to me, i think, you know, having just one big federal facility in u. s. federal dominated throw facility in orbit is less exciting to me than seeing an orbital st with a lot of activities going on. and i think as, as this all begins to play out, we're going to see more and more of that. that will be the chinese thing. they'll be a russian thing. they'll be private sector things eventually. i believe they'll be more private sector activities going on in orbit and beyond. in our government, i'm going to bring up the private sector because they are becoming an even bigger player in this industry. and as we're seeing, rocket lab has one

a nasa contract for its kitchen of in size based craft that would be sent to the martian orbit to study the planet. now we don't know the cost and they say that it is a less costly alternative. so is this just another example of how the private industry is not only becoming more popular, but also helping to drive down cost? oh, this is music to my ears. this is stuff the friends of mine, and i've been working on for decades to try and get this to start happening. remember at the end of the day when it comes to science, for example, the kinds of science they're going to do on life. and i am just getting the information there counts, not the size of the budget or the complexity of the technology that it took to acquire that information. so we can engage the private sector and the sort of brilliance and the abilities that come out of the private sector to, to create the ability to do things cheaper,

faster and better as one of nasa administrator used to say we can get more science, more data to the actual scientists, that's the core here and then along the way the private sector gets the boost and can begin doing the search of things that it wants to achieve. yeah, and i know we can't talk about the private sector without talking about competition . and it's interesting because we just watch space x sign a deal with 3 private crew dragon missions, where as jeff faces is over here, trying to keep up with his blue origin. and now even saying that he's going to send him solve the space. i mean, are we in a time when space x is already too far ahead for any other competitors to catch up or is just phases just kind of playing around and seeing if he's able to go to space? yeah, it's interesting the way you bring that up because it's kind of a segue between the last conversation and the one before with china and the private space station. because the people that bought those 3 rides, or one of the companies that he's going to build a private space station,

they're called the axiom. and so this is them moving in that direction. so that's, that's very exciting. and i don't really care who they buy it from, they're going to do it and they're going to build their own facility. now regarding bays, osha and must. i just love to see these billionaires going at it and the name of humanity because that's a positive competition. frankly, here's what i think is going to happen. i think jeff is going to climb into that rocket and forgive me for saying this, it's, well, it's going to light a fire under him that way. and hopefully that means he's going to really engage, you know, in making this happen. we need multiple players. we need competition and we need multiple railroads to space so that humanity can get out there in the most efficient way possible. it's going to look this all up. but again, i love that they're doing this rather than seeing, you know, who's got the, i don't know the biggest yacht, although there's probably

a couple of those out there too. i was going to say, it'll certainly be interesting to see how the competition continue from here. on out excellent points to consider here. rick tomlinson. thank you so much for your time. thank you. florida governor, randi sanchez continues to battle with a cruise in history and the cdc over the existence of vaccine passport. but some operators may have found a way to relaunch without violating florida controversial law. our chief john heidi has more. this is the port of miami here. back in april 2020. we showed you the cruise ships, all lined up at the port of miami, would know where to go. the pandemic was raging and the industry was shut down with many ships becoming petri dishes for the spread of the corona virus. several 100000 jobs in the cruise line industry were last billions of dollars in revenue gone. well today, the cruise ships are still lined up, but millions of people have been vaccinated, and soon the cruise industry will once again be gearing up to set sail. but here in

florida, those plans are being steining because of an ongoing battle between the states governor ron de santis and the cdc. the census ban, so called vaccine passports in the state, back in may and sued the cdc over it's conditional sailing orders requiring cruise line passengers to be fully vaccinated. the cruise line industry didn't have a problem with the requirements saying it's necessary to protect the staff and passengers, but mediation talks reach an impasse last week. so the fight continues and raises questions about whether the industry will avoid setting sail from florida or find ways around the state law. that includes $5000.00 fines for every violation royal caribbean. someone did a $180.00 earlier this month saying that while it would not require florida passengers to prove they were fully vaccinated, it would be recommended, and those that are own vaccinated would be subject to additional testing on shore. and then once aboard the ship, more restriction, so to inquire,

what restrictions and how those restrictions be enforced. while justice weight royal caribbean further clarified its order, saying that all passengers, 16 years of age or older, must be fully vaccinated from hilbert. 19 except passengers setting sail from florida. that's all for now you can catch boom bus on demand by downloading the portable tv app or your apple or android device. we'll see you here next time. and as we don't forget to question more with ah me, 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 loaners. the dangerous shooting revealed what the l v m p

d really is. and now it's part of the stem machine. to the american public barely remembers that it happens. that just shows you the power of money in las vegas. the powerful showed the true colors when the pandemic had the most contagious contagion that we've seen in decades. and then you have a mayor who doesn't care. so 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 vice gonna say that they will take an action. absolutely keep the registering and keep the slot machines doing. this is a money machine is a huge cash register that is ran by people who don't care about people's lives being lost. we all see it and we all feel it. the significant increase of inflation has many economist concerns and consumers. needless to say,

terrified why the sudden increase in prices is this temporary and what can be done to tame this cruelest form of taxation. on working the breaking news this hour, moscow sets a grim record as the daily number of cobra 19 cases, souls to an old time hide. the cities mares announced the raft of new measures unprofessional, ineffective, and dangerous. that's how the un special rapids here on torture. as describes a new swiss anti terror law that allows the police this file in question. people is youngest and 12, even without a court order. although approved in a national referendum opinion in the country, states divide it. so it's really not very sure, but i did the vote for it all in favor.