take a look at the state of us fortune and how it could impact the crypto community. we have a lot to get to. so let's get started. the u. s. is still the world's dominant power when it comes to cyberspace, but china is catching up and could be on track to match washington's capabilities within the next decade. that's according to a new report from the international institute of strategic studies. it says in part, while china is a 2nd tier cyber power right now, given it's growing industrial based in digital technology, it is the state best place to join the u. s. in the 1st here as early as 2030. so joining me now to go further in depth on this topic is consciously cybersecurity expert and president at dark in tell, now todd, rising competition between the u. s. and china is really nothing new from trade to military. so how do you see the fight over cyber dominance continuing, and is it likely to lead to increasing tension between the world's true largest

economies? oh, of course it is. i mean, if you look just at what's going on on other industries, china's on the moon, china is on mars, chinese building space station. i mean, they're not that far behind. and i don't think, i think 10 years is kind of arbitrary. and that sense, i think they are much, much closer that when it comes to the cyber issues, because they build the technology for all of us. now certainly we have the brain power that makes the chips and designs those things. but china builds all those things for us. and so i don't think that that far behind. and we look at what the study says about global dominance and in leadership in the area. i think there's somewhat arbitrary in their, their idea of what is the leadership in cyberspace because i think the chinese are right there with us. they're pretty close. yeah, that's a great point. i mean, we know that even with everything with a trade war, the u. s. still relies heavily on china. now another country and all of this has been russia and we've heard from president biden,

that he would invoke the power of us cyber capability that he brought up when he met with russian president earlier this month. now biden claims the u. s would respond to cyber attacks by carrying out attacks of its own. so is this the kind of world we're moving into we're instead of threatening to bomb another country, you know, threaten a cyber attack. well, we have to be, yes. i think it is to answer question, but i think is a dangerous thing that we have to think about because a country that is not as adept as ours, that controlling those kinds of events may react in a military option. and so we may go in there and take out some, you know, cyber related problem, but that country may not have the ability to attack back to us. and i mean, russia in that cyber related area and make, make it an actual physical military attack. and so we have to be careful how we look at those things because it's not as simple as we want it to be. yeah,

it is one of those cases where the us obviously has to weigh every option, especially in cases where they have troops deployed all over the world. so they're thinking about not just responses here at home, but of course responses wherever their truth may be. when it comes to those other countries, now i want to talk a little bit about what's going on here in the u. s. there's been a lot of talk about an increase in ransomware attacks and how to prevent them. now, a bipartisan group of lawmakers in the house has introduced a cyber security literacy act aimed at creating a campaign to basically teach americans how to be less vulnerable to hackers. how big of a role is public awareness playing in allowing these hack steven happen? well, i think it's, it's not a bad thing at all. i don't know how far it's going to go or how far reaching is going to be. but, you know, training and awareness is always a good thing to teach people not to be a victim. i learned that, you know, 30 years ago when i was running

a finance crisis unit for our local police department, you train people not to be a victim and they are victims. and so it's a good thing. the problem is how do we get it out? and how do we get it out soon enough to train people not to be a victim? the problem still ends up being the weakest link in your security is always that person that isn't aware or doesn't care. and so that will always be the problem and businesses, particularly with ransomware, that person that opens up that email, that's got the ransomware code in it ends up being the problem. and if they didn't pay attention in class or do the training, there's companies still going to be a victim. yeah, and we know that they're getting more and more creative. i mean, they're sending out text messages. now telling you, hey, your netflix account is about to be locked, you have to click this link in order to go save it. and then before you know, you clicked on something and then who knows what happens after that. ok, so one of the ways that this can be sort of prevented or one of the things that people of adopted has been cyber insurance. and there's some who say that it can be helpful. but now other researchers are saying it could actually make the problem

worse because it encourages victims to just pay the ransom, knowing they will be reimbursed instead of investing in better security to keep hackers away in the 1st place. what's your take on that? well, i think there's some validity that we learned years ago with you know, just regular kidnappings, that if you pay the ransom, then you have more kidnappings. you don't pay the ransom the ramp, the kidnapping. stop. so i think there's some sense in that, but there still has to be some insurance for not just the ransomware payment itself, but if something happens to the company, how do they recover? and you know, insurance has always been that method to recover from problems. so i think there's a problem, but i think what's going to end up happening, congress is going to take an interest in this and you're going to see long term, some legislation. i hope that is much like after in rome, the sarbanes oxley that forces the ceos to spend the money on cybersecurity instead of just by an insurance or protect themselves. yeah,

this certainly is an issue that isn't going anywhere anytime soon. excellent points to consider here. todd shipley. thank you for your time. you're welcome. thank you . how's the prices in the us saw their biggest jump in more than 30 years, climbing 14.6 percent between april 20, 20 and 20. 21. fueled by low mortgage rates. and increased demand, the growing housing bubble is also feeling concerned that it could hurt financial stability for the entire country. right now, it's a federal reserve is purchasing $40000000000.00 worth of mortgage backed securities per month. it's a decision that was made in an effort to keep those mortgage rates low during the pandemic. but now it's leading some officials to suggest it could create a crisis similar to what we saw back in 2008. so joining me now to discuss the latest is octavio marines, the ceo of openness. i'll see now octavio, the federal reserve continues to say they will reduce their purchases of mortgage

backed securities when it is appropriate. but we've now heard from multiple fed officials that they are concerned, but not enough action is being taken right now. what is your take on this one? why i hate to think what is appropriate to them when they think it will be appropriate. seems highly appropriate to do it. now, i've done it some time ago. i mean, we're really high levels at the moment. has housing prices and the rate of increase is increasing so the slope is getting steeper and steeper and steeper. so it's actually looking kind of frightening. so i don't know how they see that and basically comes the conclusion is not appropriate tax yet. it seems to me that the, the horse is out of the bomb at this stage almost. it's almost too late to act. they've, they've let it run away from them. the prices get almost out of control. we'll see what the next set of indices says. but bear in mind there's a bit of a lag there between the housing in the season and when they actually get compiled sort of a few months flag. and i think we'll see that the housing market is actually on

fire right now, which are out the us. yeah, it really seems like whenever it comes to a lot of the terms of the federal reserve uses, it's all about their definition of it right now. in terms of what they actually mean by it. now we keep hearing these comparisons to 2008, but of course the fed keeps shrugging them off and saying they aren't concerned. so at what point does the fed abandon this need to keep the markets propped up and actually go forward with significant policy changes? well, i think the fed has really packed itself into a corner, so they're not really sure how to get out of this without crashing the market. so even when they just take tepid steps towards increasing interest rates and reducing the amount of monetary liquidity, the pumping into the market, the market responds very, very badly. and i think j. powell, in particular, when you took over check the fed in early 2018 saw this on unfold. so he sold the fed take very, very limited steps and that increasing the fed funds rate and the market didn't

like it. they reacted very, very badly. so then they sort of turnaround some slower and straits within about 6 to 9 months after that. and the market like that a lot. so tape how's been chastened by that experience? he's not looking to repeat it, i think anytime soon. but he also knows that inflation new pressures of building up and might overwhelm him. and i guess he's sort of hoping it's going to be the next guys, probably not his problem that he won't be on his watch anymore. when the things we start to get interesting. yeah. and we've certainly seen the pressure from the markets whenever the federal reserve says that they're just talking about talking about making a change years down the road. now another thing that we've seen in 2020 has been a sharp rise and consumer debt with many americans taking advantage of those low interest rates and buying new homes in new cars. now sure, they may be spending some of the money that they saved last year, but if inflation isn't simply transitory, is there

a concern about how it could impact households in the long run? will certainly i think that phenomena that you points out in terms of household taking, the more data is going to get worse. and the reason for that is that the banks are sitting on large amounts of deposit, so they haven't been out yet. so during this downturn, during this crisis, deposits, banks went through the roof, so large banks, i, bank of america, j. p. morgan sitting on record levels of deposits and they haven't turned that into loans just yet. they have it in part, but not as much as they could are, not as much as a able to legally in terms of risk management. so that is going to hit those there as well. and so i expect to see that sky rockers as they become more confident, as banks not lend out more and they look at sort of saying the risk profiles of the borrowers and say yes, okay, we can south lend out more things looking pretty good. so i think that's the next wave of this is the bank sought to increase their landing even more. the u. s. consumer goes deeper into debt, and ultimately it might well end in tears. yeah,

it really does seem that way now from skyrocketing debt over to skyrocketing markets. really. we've seen that with the continued low interest rates. we keep seeing these record highs everywhere from housing prices to the market. but i mean, that can continue forever, right? so when the fed finally does take action, is it going to feel like a crash is inevitable? i'm never going to go see more tears all around there. i think it can be quite ugly . and i think particularly the equity markets, perhaps not immediately in the housing market, but in the equity markets. i think most institution players are aware that the fed is probably not the marcus. and it's an extended, i don't think we've seen before, at least of the last since last crisis peoplesoft to watch the fed much, much more closely than anything else. and i think the result of that is going to be when the fed does start to act, everyone's going to run for the doors of the same time. and then we'll see a massive correction. we'll probably see something like that happening in the

housing market. but i don't expect they will sell their homes as quickly as you can unload equities at least institutional pay as long load equities. so i think that's a fair that we're looking at as long as the fed keeps pumping money in. it's going to keep going up the market as soon as it's sort of changed direction. everyone's going to jump out of the same time and that's contrary to a very severe correction. and we will be right there to follow it as it goes along . great insight, as always, octavia ramsey, thank you so much for your time. facebook became the 5th company in the us to reach a market capitalization of one trillion dollars on monday. the record high was sparked by a judge's decision to drop the anti trust case against the social media giant on the grounds of the federal trade commission. and a group of state attorneys general waited too long before pursuing action. but this likely won't be the end of it. as the judge gave the f t c a chance for a do over. and he will allow an amended complaint to be filed by july 29th. he

called for the agency to closely follow the court guidance and noted which parts of the complaint would need more information for a case to be made against facebook. now, while this claim was pursued in federal court, the f t c also has the option of going before the agency's own administrative law judge moving forward. notably, bypassing a one trillion dollar market cap, facebook joins and elite club that includes apple, amazon, and google. all of whom are all facing anti trust lawsuits from the us government here in the nation's capital. a one trillion dollar bipartisan infrastructure bill is teetering on the brink of collapse. that's because republicans and democrats remain at odds over the framework dot bill, even though president biden announced last week that both sides had struck a deal. now this back and forth is business as usual, but it's happening as the country faces the worst water crisis in decades impacting

the most vulnerable americans are cheese. trinity chavez. how's the story? amid the corona virus emergency, when washing your hands and overall cleanliness is of the utmost importance, experts say we are dealing with the worst water crisis in decades that have left millions of people without access to clean safe and affordable drinking water, nations poorest suffering, the most although the united states is deemed the 1st world ca tree, a new report by the non profits dig deep and the u. s. water alliance reveals the country of suffering from developing world issues. and more than $2000000.00 people do not have access to running water or sanitation services with low income people in rural areas. people of color, tribal communities, and immigrants suffering the most. the study found that of the people affected native american households are 19 times as likely as white households to look, indoor plumbing. well blacks and latinos are twice as likely. the data stems from a 2 year study that discovered 6 water crisis hotspots in the us,

which include the central valley and california areas of texas, rural counties and mississippi and alabama. the appalachian and west virginia and puerto rico of the 2000000 people affected 1400000 people live in homes that lack access to hot and cold running sinks, shower and bath water, or simply can't flush the toilet. in fact, the navajo nation, the country's largest indian reservation or water, has long been held sacred about a 3rd of the population of more than 300000, do not have top or flushing toilets. the report also includes 250000 people in puerto rico and 553000 homeless people in the us, black water and sanitation access altogether. many of the water systems are in communities using dated infrastructure, which are highlighted during the lead contamination crisis in flint, michigan, democratic lawmakers and advocates now urging president joe biden to back the water

act bill that will be introduced on thursday. congresswoman brenda laurence of michigan told the guardian what happened in texas and flu, michigan, and so many other places shows us what happens when we don't take care of our water infrastructure. i want to scream from the rooftop and shake america awake, safe, clean, affordable water is necessary to live without it. you will die. a really good meeting . this has congress remain stalled on vote on the infrastructure bill that includes $45000000000.00 to replace lead water service lines throughout the nation will also have a huge impact on low income communities. and communities of color will eliminate lead pipes to stop kids from drinking poison water. flint michigan should not be so far away that we don't remember the impact on that community. this is a part of this package will help prevent that from ever happening again. according to the congressional budget office funding for water systems on a federal level has fallen 77 percent since its peak in 1977, leaving local authorities to raise some money and loans needed to upgrade

infrastructure. meantime, the environmental protection agency says $35000000000.00 for 20 years is needed and just to comply with safety regulations. now as for the infrastructure bill at this point, that's not clear if you can get the 10 republican votes that it needs to overcome the filibuster in the senate reporting for boom, bust trinity chavez, our tea time now for a quick break. but when we come back, christo, currencies are known for the secrecy they provide. but what happens to your wallet when you die and cannot be traced? if you happen to be a bit coined billionaire will discuss next. and as we go to break, here are the numbers at the close, the ah, ah,

after the fight in some european leaders such as germany's merkel and france's macro called for renewed dialogue with russia, the baltic states in poland said not so fast. thus there is no consensus within the e u on how to move forward. the ball remains in brussels course. i still think tried on police, reported in december 2020 a group of anti finishes, fill out a film crew access for 3 months. 3rd row, like if people, organization, it's an idea that must be a pose. it's channel out the gate route. they make their faces. but they can say what they believe and we believe in helping our community. we believe that fascism is one of the major threats to the united states has gotten driven. this is a chance to see who and teeth are really are in order for me. my 1st amendment

right and say that my life matter, i have to be onto the teachers or that's how we can't trust the police. we can't trust the government. we can't trust anyone except or so to protect ourselves in awe. is your media a reflection of reality? the in a world transformed what will make you feel safer. type relation, whole community. you going the right way or are you being direct? what is true, what is in the world corrupted. you need to defend the join us in the depths. will remain in the shallows. ah,

when i will show the same wrong when all just don't rule out the thing because the after an engagement equals the trail, when so many find themselves will depart. we choose to look for common ground in the the fate of a mysterious bitcoin billionaire is taking the internet by storm. as countless questions surround whose crypto fortune and what will happen to it. the 41 year old man who was seen as a pioneer of bitcoin was believed to have over $1000000000.00 worth of the world's

most popular crypto currency. making him at one time, one of the largest single holders before he reportedly died, a new drowning accident in costa rica. sort of break it all down. let's bring in jeffrey tucker, author of liberty or lockdown in contributor to real clear markets. now jeffery, this case per vote. countless question, one of which is, is there any way for another individual or even another government to access this man's fortune? and i mean, if he didn't leave evidence of the keys, is it possible that his holdings could never be found? yeah, that is possible, but i think it's very unlikely. my guess is that, and you know, the most, all crypto owners, especially on that level have made some sort of precautionary plans for the in the been to their demise them. but can be on some time release, you know, it might be 4 months, 6 months or something like that, that someone individual in the world or others will be some system which somebody

will, will get access to the keys, be able to rebuild the wallet and get access to the block chain and you know, whether and what the person is a receipt of that has to move. those kinds is another matter because then then suddenly you've got the track and traces out there that's potentially dangerous. but my, my guess is that the, that oppresses this love, the specification is figured out, you know, some, some way to give somebody access, you know, most likely on a time to leave. i mean, it goes like this. it's like if you have an access to wallet within a certain number of months or maybe it's just simple as encrypted email is center. if you haven't access that account over the course of you know, 6 months or a year, then it's going to drop the keys on somebody else and anybody can rebuild it. so, but when you say it's true, of course, it's possible that i'll never be recovered and they're gone for good. but i think i think it's very unlikely actually. yeah. especially when you're talking about

$1000000000.00. i mean, surely he had a plan of some sort. now this also brings up the case of the late john mcafee, who is well known in the crypto community. he was reportedly found dead last week after a spanish court approved his extradition to the us. now the u. s. government alleges that he has millions of dollars in crypto. he denied those claims. is there any precedent for the government trying to force you to hand over your de centralized assets and do you see mack of these case being used to go after others who are accused of having crypto from the i r s, whether very well maybe maybe the kids, i'm actually guessing the math. he was telling the truth that he didn't have any crypt up at the time you that as that's my guess or, or at least he wasn't in control of of that which he had no question. he was very wealthy at some point, but you know, his is a very interesting guy, mercurial and fascinating. did determined to live

a free life and not be controlled by anybody around him. of the god rest of the whole he was a is a good friend that i think a very interesting american original, a really great man. so i'm missing very much, but my guess is that if the story is going to be looking around for crypto they're going to, they're going to come up dry. yeah, it'll certainly be interesting to see exactly where that goes. we're going to have to leave it right here for now, but great inside as always, jeffrey tucker. thank you so much for your time. and before we say goodbye, we want to tell you about a new show right here on our t america that's coming soon. it's called, i don't understand with william shatner, you can join host shatner and seek to answer fascinating and timely questions that peak the natural interest of everyone, but are too often overlooked by establishment media. in may of 2021. the remains of

a 20 ton chunk of chinese rocket came crashing into where the thank just how much stuff is up there. now, did it get there? and do i really need to also be worried that some piece of space debris could fall out of the sky and how big a problem is this? i want to shatter. i don't understand. i coming soon on our t america. portable tv don't want to miss that one. all right, that's all for now. you can catch boom, that on demand by downloading the portable tv app for your apple or android device . we'll see you here next time. and as always, don't forget the question more. mm . i

i provision on my back on what it is under stated i like, obviously lucky you lucky last year. so you'll have to i lost his bus because i just got the new program. he just got to go. we started the on monday, my thought, my daughter, but the so i think, you know, but it was my pull up. i got, you know, just, i mean my almost what i'm already whatever sped up i read me just go to me. i remember that when i went up there and i really here so i just don't get it to respect that it's 50 to chantelle. i'm one of this but i'm like obviously this is what it is. i'm looking for my family to go to kind of all my just part of that.

yes, i think i was calling with you and your team, samantha, katie. yeah. my thought a lot of problem. you just gotta go to the paring and found introducing and found to, to a family when a new mother is going through that process. yet there's certainly tremendous cause for great joy. but because it's an event that causes so many different changes. it's stressful at many levels imagine picking up a future textbook on the early years of the 21st century. what other chapters called gun violence, school shootings, homelessness. first, it was my job and it was my name was my savings. i have nothing. i have nothing and it's not like i don't try. i live for resources, i look for jobs, i look for everything i can to make this pass. and i end up doing,

passing the road to the american dream, paved with dead refugees. it's very ideal. i image of the older america, native americans look past the depths that happen every single day. this is a modern history of the usa, america on our t. max finance guy get a money laundering 1st to see to see this. and this is a good start. well, we have our 3 banks all set up here. maybe something in europe, something in america, something overseas and cayman islands. you never know all these banks are complicit in their club piper, so we just have to be mccall. hey, i'm ready to do some serious laundry. ok, let's see how we did. well, we've got a nice luxury watch for max and for safety. oh, beautiful jewelry. and how about luxury automobile?

again format. you know what money laundering is? highly illegal. dopey, a correct spot. because when i would show the wrong, why don't just don't the rules. yes. to fill out this thing because the after an engagement equals the trail. when so many find themselves, well, the part we choose to look for common ground in join me every 1st on the alex simon show and i'll be speaking to guests in the world, the politics, sport, business and show business. i'll see you then in

the moon the this ours headline stories i love the mirror and wraps up his live martha and q and a session with the russian public revealing after weeks of speculation that he's hugged the sputnik v vaccine. stating russia won't be dictated to by social media platforms such just facebook the red cross say it's ready to deliver the sputnik job to conflict areas or run the world. if local authorities approve the shots we are discussing with our partners and government ensuring the access to people, particularly in complex vision. those people are living in areas that difficult to reach.