big deposits in the bank account. i know yes. principle food would say no to that. but you should buy an electric car, you know, to protect the planet lever that was sold faster. so what we're talking about it out into national this saturday. i'm kevin now, and you'll find so much more about the, the comment of a social media on, on next programs and you'll part of the world a coming up after the break. ah, ah, you know, mr. moseley, when you said that i could do the good to google, i would love to

do. i see you're going to show you so you didn't know where to put it in the is the mother molar. that's what you will cover financing. your 1st bill. i don't know if i'm in yet. we still follow some of you so much. not although a lot nobody me and he's a sucker. and you say you got me personally, hon, which ah ah

ah me the news. this is boom bus. so one business, so you can't afford to miss branch bar and i'm rachel robbins in washington. coming up, you pay, the economy is on a winning streak, but how long will laugh? we'll take a look at the latest issues with iris trade posts that plot 3 of the world's most influential billionaires have set their sights on greenland. what could the reason possibly be for us? and then we turned to argentina, where the south american nation is considering falling salvatore's steps. later on, we'll hear from boom, bust christy i about the nations fresh plan to tackle an old problem with the facts . so today, so let's dive right in the

and we leave the program with sir richard branson selling roughly $300000000.00 in virgin galactic stock. the eccentric 1000000000 are sold more than 10000000 shares in the company between august 10th and 12th, according to regulatory filing. the move comes is wall street analysts have downgraded the space stock due to a lack of upcoming flight, as they focused on maintenance. the parent company issued a statement on the matter saying breath and quote, intends to use the net proceeds from the sale to support its portfolio of global leisure holiday and travel businesses, which are still dealing with issues due to the pandemic. adding the virgin group continues to be the largest single shareholder in virgin galactic virgin. lactic stock is down more than 50 percent since reaching all time highs in february of

this year. and the united kingdom emerged from cope lockdown. the economy grew by 4.8 percent for the 2nd quarter of 2021, just shy projections from the bank of england. the growth follows a 1st quarter contraction of 1.6 percent. the british economy was propped up by rita l. restaurants and hotels education also field the recovery, as schools reopened in the 2nd quarter, the nation's economy is still 4.4 percent below pre pandemic levels in february of 2020. so what does this latest data mean for the world 6 largest economy as it still deals with the follow up from breakfast? well, to discuss the welcome har friend hillary board, board member with the british american business association and president of st. mark l l. c. now, what is the take away from the growth that we're seeing in great britain in the 2nd quarter, and how do they get back to pre panoramic level?

is that going to happen this year? will pleasure to be back, review brendan, rachel? well, yes, i would say that the sun is never going to set on the british economy. it does not seem great. britain was actually the hardest hit of the g 7 from the pandemic. and i think many people have to read it to, to napoleon, but it was actually a friendship illusionary who quoted it as being a nation of shopkeepers. they said it while the derisively but it was actually taken with great pride by the british. why it is a nation of shopkeepers and the british are very social people. why was the u. k hit so hard and why is it bounce back so strongly? it is because the british have now gone out a lot of those statistics in the 2nd quarter. of course we're boyd by the success of the british, the english soccer team doing so well in the euros the celebration of every piece of power across the u. k. with making pieces in the shape of footballs, bought apart from that bushy sumac, the chancellor of the exchequer has said, he's not going to be complacent. i don't think anyone should be complacent about this. bought it is due to a steady hand at the bank of being on some very well in terms of stimulating the economy. and i do think you're going to see discontinue, also, don't forget, it is

a nation that has the 60 in london, high tech unicorns, and i think the high tech business as well as the financial sector on top of retail and all those people going out to shop, like i mentioned the nation of shopkeepers, it has helped create that boom. and now whereas it suffered the worst of all, the g 7th company countries has come back 2nd only really to the us. now we know that back when restrictions were being lifted, there were a lot of people who warned against it because of those emerging variance of the current of virus. and even though in these cases we've seen the u. k. do really well so far. is there still that concern that it could be the delta variant or any other variance that could hurt the economy just out as it's recovery? why? thank you right, rachel? it could be anywhere. everybody's concerned about it thus far, and i'm not a doctor, nor am i a social just off i intelligence. but i will say this. it is so for proport, so pop a ported to be more infectious but way less deadly. so i think that has people less

scared. i also think it's like many things in life. i think the nation in the u. k . like the u. s. people have become accustomed to this. people are accustomed, wayne and mosques in the u. k. people are very, i would say, socially conscious and sort of a, b, b. i says they follow the rules. that is the nation with the largest percentage of people who are being vaccinated that's due to the national health service and their role out plan. so what was the vaccination, the ma squaring, conscious social distancing? overall, i think people are just going to cope with it. we just have to continuing carry on . and now, hillary, i want to go back to the 1st story we did about richard branson unloading $300000000.00 in stock of virgin glass. no, he said in other companies are still deal, or the company says that it does say that there's still dealing with pandemic related issues. what do you make of this whole? well, actually i would say boys in their toys. he and jeff pays off. it was a big game to go into place on, but i do think it's very sad that i'm actually the stock was downgraded by wall street analysts. and i think that's part of his self. it was 10 point over 10400000

shares. you mentioned $300000000.00 was on, but he said, and his group has said it is to shore up the other parts of his business, the leisure, the travel, but the bookings were down. i mean, how many people do you know that have the money, the time and their life to waste, maybe with some accident going into space? i think for the very few maybe his and susie awesome led him to believe and his group to believe more people would be lining up to perhaps die and space. but i think it's a sad thing is a lot of investment bought. he's always done very well, and he wants to shop his all the companies, particularly his travel companies, if he doesn't show them up now, will they make it through? as rachel, just raise the delta variant, and the doubts out there in the economy. he has to make it through, and i think that's what he's done. he's. he's divesting himself of other parts of his business so we can sure up those that will continue. now while we have you on here, we have about 30 seconds left, but i want to bring up another story which is kind of the story that keeps on giving. and that is post wreck that trade between great britain and northern

ireland or rather the republic of ireland. we see that it's down 29 percent in the 1st 6 months of the this year compared to the same period in 2019. what's happening there? ok, it's called something rachel is called it is to get the keys. i'll be back in 2030 . but it is about the land bridge. well this was with the goods from ireland to go to the you. they would actually go straight from dublin directly across to wales in pembroke. sure. there's a number of ports and they go straight to those port. holly had an a number of others. and from those ports they would drive across the u. k. and go straight down to the south coast, go go to kent, and then they would go, they would take ferries over to the u. k. it's called ro roll on, rolled off from the trucks rolled onto the freight. and this ro, statistic is what is down. why? because now the cost benefit analysis of unloading and driving across the u. k. has been obviously ruined because of all the red tape coming from the u. k into the u. so now they're shipping directly from dublin to the european continent,

and that's what's happened. and that's why that shipping number is down. they going that the english channel route and hillary ford, which of the british american business association always take that opportunity to talk about how well the british soccer team did in the year. are they going to clinch it to the well and billionaires jeff bases well gave and michael bloomberg are getting called out online after it was revealed that they are pouring millions of dollars into the hunt for precious metals in greenland are 2, john. heidi has the details on what they're looking for and why greenland, here comes the money billionaires, bill gates, jeff bezos and former new york city mayor michael bloomberg. among others went to drill through greenland thick ice to find raw materials to power. a new generation of electric cars, cove, old metals, a mineral exploration company, backed by break through energy, which is funded by gates bays those bloomberg and other prominent billionaires

including investment banker, ray dalio, and virgin galactic richard. branson has entered into a joint venture with the london based mining company, blue j mining to mine, greenland for raw materials such as nichol, copper and platinum. as the company writes on its web page, cold metals is a mineral exploration company that uses machine learning and other scientific computing techniques to increase the ethical supply of critical materials needed to build electric vehicles and personal electronics. many new mines will be needed if electric vehicles are to become widespread, but before new or deposits can be mind, they must be found. so why greenland? well blue jays own studies show the central west region of greenland is reportedly similar to russia's north oscar region. a large producer of nickel and palladium cobalt says it will spend $15000000.00 to help lou j locate natural resources. the

1st phase of the so called disco project named after the region in greenland, they'll be searching to hunt down and dig up world class battery metal deposits according to the companies. clearly it's a business venture for the billionaire boys club and an opportunity for the u. s and u. k. through this wealthy mining and exploration adventure to put some pressure on china and its massive mining and raw materials market. greenland has the subject of discussion among america's political and financial lead in the past. in 2019. then president trump even flooded the idea of the u. s. buying greenland because of its abundant natural resources and idea that ultimately floated away and sunk like a glacier. whether or not this 1000000000 are blitz turns greenland icy water and polar caps, blue like cobalt and green, like the color of money being invested in the venture remains to be seen. the markets are

mostly up for the week as we see a whole host of new economic data related to g, d, p, and inflation. we start in russia where the mo, x is in the green rushes, the economy grew in the 2nd quarter, and it's fast paced in the year, 2000 up 10.3 percent compared to the same period last year, according to official data released friday, russian oil giant ra snapped reported 2nd quarter earnings on friday as well. seeing net profit search to $3200000000.00 with revenue doubling. i'm going to recovery in crude oil prices. let's move to asian market. the shanghai composite is up despite chinese official saying they would increase scrutiny on the tech sector in the coming years. chinese stock saw their biggest gains on monday up one percent for the day. china ever grand group and ever grand property services are big gains throughout the week and the company talks about selling its stake in its e, b and property management businesses. more of the same in hong kong for the hang thing after 3 days of gains, the index took a hit on thursday and friday to close out the week as investors worried about that

document pointing to future regulations on chinese companies. and the ne k in japan is also up the index made most of its gains mid week. the semiconductor sector, however, is struggling to close things out as the chip shortage continues. now, economists pulled by reuters, believe the japanese, the company will grow by 2.7 percent for the 3rd quarter of this year, much lower than the dissipated 4.8 percent expected in june. and in india, we have another green arrow for this 10 sex heading fresh record highs on friday. banking and stocks were big winners to close out the week. most of those games have been attributed to recent economic data, showing factory production, surging and inflation. taking down about 3 quarters of a percent in july. more of the same in australia as the as sexes up the nation's biggest lender, commonwealth bank of australia said wednesday, it will return $7000000000.00 to investors and buybacks and dividend, as it's a massive profit. admit it's quick economic recovery. something to keep an eye on

here though. business competence in australia fell 19 point than july, amid new lockdown to combat the spread of the delta barrier. another green arrow for the all share in south africa business competence in south africa also took a hit in july, falling to 9 month low falling. those riots that cost the economy more than $3400000000.00. the south african ran also took a hit this week, giving up most of the game seen in 2021 training about a half percent lower than at the start of the year. now let's go over to rachel for europe in the americas. thanks, brent. here we start in the u. k, where the foot see is up. now as we mentioned this march london longest weekly winning streak since november with the index heading and 18 month high on wednesday, the latest data shows the u. k. the economy grew by faster than expected one percent in june, where growth was largely carried by the health care and hospitality sectors. as restrictions were lifted nearby, the german docs and french kac are both in the green. the dax hit record highs on

fridays, are passing the 16000 mark for the 1st time ever. and in france, the index responded to the latest data, showing unemployment fall more than expected in the 2nd quarter. while europe largest economy is still struggling to return to pre pandemic level, it is expected, but at least an 8th of germany's g. d. p growth. this year will be credited to profits from by on tech, and it's back seen partnership with pfizer. let's go across the atlantic to brazil now where the bo best buy is down. while the central bank move to raise interest rates by a full percentage point marking their largest jumps since 2003, a combination of increase commodity prices in the worst drought. the country has seen in decades are still taking a toll as brazil, struggles to cut inflation in how to get it back down to their target. a 3.75 percent. it's a similar story over in mexico where the b, n, v is in the red, and inflation is also double the central banks target. after

a surprise rate hike have little effect on consumer prices. in june, mexico announced another increased interest rates by a quarter of a percentage point to 4.5 percent on thursday. and here in the u. s. the dow and the s and p 500 hit record highs on friday. while the nasdaq and the week in the red, as all eyes remain on the side and it's for caspar pulling back on pain demick policies, unemployment continue to fall, and the latest cpi report drove talk. the inflation could start to decline in the coming month as the increase and cor prices was less than expected. and finally, in canada, the t s. x is up, the next pulled back slightly after hitting a record high on wednesday, the materials, financial and energy sectors all took a hit, mid concerns that demand would fall significantly in response to arise and koby case is moving into next week. we will continue to monitor the state of the ongoing recovery and how it is being impacted by record inflation. and time, not for

a quick break, but when we come back, could we soon see a g 20 nation follow in the footsteps of l. salvatore? just on the other side, we take you to argentina where the nation president has pitched. an interesting method of dealing with inflation is going to break here. the numbers at the close the the me unexpectedly, i'm side of the pandemic. kenya is experiencing an elephant baby boom. 200. why does kenya have so many cars? and how has the panoramic impacted people's lives? and a wall is a very big along in any fact he end up killing himself. ah,

i don't live on a leon and you go buy a car. well and i will make i was, i didn't mean to kill media group. if they get the idea. can you say lucky to me me in it because of that of the one. anybody who did the they didn't even notice whether the equals, you go, there's no local, but i know the company just didn't go in order. what is the problem on the death failing is that it forces them to admit what that number is like am 3 or 2,

which are the money supply numbers. once the numbers got so scary, they stop reporting them similarly with the debt ceiling kabuki theater. if that happens, every couple of years, they're just going to get rid of it won't even announce that number. it will be impossible to find what the depth of american is. i'll just say a number sign for infinity. the i think is part of mental health revolution. we increasingly freeze political claims. the language of mental health became more common. so if you disagree with something i said on this program, you know, just say i just agree with you. i think you're wrong because of the following problems in your evidence or logic. your say, your micro grass mate, you say you triggered me. you said you heard me again some psychological way, did your news or psychological terms?

and i guess an enormous problem for politics because it's almost impossible to have a discourse on that terrain. the the welcome back. another country enlighten america may be considering making bitcoin official. now a salvador is set to become the 1st country to make the world's most popular crypto currency, legal tender starting next month, along side the u. s. dollar. and now argent. tina is saying it could be next. that's according to the countries president who referred to the rise of crypto currencies as irreversible noting crypto has the potential to nullify inflation. when asked if the central bank is considering adopting its own digital currency or even making bitcoin legal tender, he said, quote,

there's no reason to say no. the adoption of bitcoin could have a massive impact on a country that is no stranger to inflation. for context here in the u. s. the annual inflation rate hit 5.4 percent in july. it's highest point in 13 years. however, in argentina inflation hit 50 percent last month, substantially from the government's target of 29 percent. while argentina does have its own national currency, it also relies heavily on both the us dollar and the international monetary fund. in fact, the country is currently indebted to the i am left to the tune of $45000000000.00, and the fund has already issued a warning to all salvador to try to stop it from adopting crypto. so joining us now, josh is doing bus co host an crypto analyst, christy. i know christy what kind of an impact could bitcoin have on a country like argentina where skyrocketing inflation has become almost normal?

yeah, well big client has huge potential to thrive and say, the argentinean economy argentina is basically struggling from enormous that obligations to high inflation. and that's all been compounded by coven 19. so it drove its population to seek alternative ways to store their wealth. as the government had to limit us dollar purchases by citizens. so dollar purchases shrank to only $200.00 a month for a citizen with a 35 percent tax on top. if you can't buy the us dollar, restore your wealth. the next best thing is crypto, and in a recent survey, 73 percent of argentine citizens believe that kurt crypto currency is the most effective savings method in the current economic crisis and a hedge against inflation. and it's really not only inflation that big won't protect against, but it's also uncertainty, for example, that are due to the government usually announces new financial, restrict measures in the late hours towards the end of the week intended to be implemented the following monday. so these announcements usually come as a surprise, and citizens have absolutely no warning,

no preparation for whatever new taxes evaluations they might face next week. so this makes for a very unpredictable living condition. in contrast, bitcoin has no centralized governing body and when it is volatile, the volatility in the pricing of big point, it's uncorrelated to the economic woes of any particular country. so relative to things like, obviously you pay, so are the salvadoran dollar. it's actually quite stable. and christy, we saw g, i m f word el salvador against bitcoin. they're likely to do the same with argentina. but how much power does they have actually have here? and how is keeping these countries in severe debt playing into that? unfortunately the i am a does have a lot of power as they hold a lot of money and they provide assistance and funds to debt late in countries or countries and crises. so while that sounds really good and all in practice, it's more like a drug dealer because yes, you feel really great for a while, but soon you just need more and more and more. and that's when things start to get really expensive. so that's kind of what happened to

a lot of these. they took money from the i, m f, which is not free. it comes with a whole host of terms and conditions, etc. they demand fiscal austerity, high interest rates, trade liberalization, privatization and open capital markets like these terms. they've often been counterproductive for target economies, and in turn it hurts more than it helped as a devasted local population, who then have to pay the taxes. and many of the terms are described as overly ambitious and out of touch with ground level realities. so, i mean, look at greece, that was literally the most high profile example as the sturdy measures deepen in 2015 and they demanded raising taxes on local privatization industries. lowering pensions and other spending cetera, and they're still recovering from it. so unfortunately, they weighed a lot of power and influence as el salvador is currently in discussions with the fund speaking at $1000000000.00 program. and i'm sure they had some say and what happened to their bitcoin pilot program rule out the i am the know exactly what they're doing and just how much control they're getting when they say that they are

helping out the country. now even if they do have some influence, even if argentine it doesn't implement bitcoin as legal tender anytime soon. what kind of a message does the willingness to do? so send to the public especially compared to countries like the u. s. and the u. k . where lawmakers are constantly warning the public to stay away from criptos are referring to them as dangerous. well, it shows that the client is literally doing what it was created to do become the biggest mechanism for a global wealth redistribution that we have ever seen. i mean, that was the entire point, a big point, it changes the current financial system which is broken and takes back control and gives it back to the people that was the entire mission of bitcoin so that people can bank themselves to reduce the number of and bank and to give financial freedom the freedom to wire, the freedom to transfer to send to bed without any intermediary barring. you are restricting you with any sort of capital controls because when your money is in the bank, not really yours. sure. and developed nations like the us, it's not as bad. you go to the bank,

you try to withdraw $2000.00 today. right now they wont let you american fill out a ton of paperwork, asked what it's for. it will be a long process, but eventually you'll be able to withdraw it. maybe not this minute. but most of us here are pretty confident that we'll be able to later. because in develop nations, we have some level of confidence in our banking system for now, which is good, but it's still highlight the point that the money really isn't yours. it's up to the women the bank to allow you to withdraw it or not. and they could very easily make up some reason to not allow withdraw, especially during times of prices. and it's our blind trust in the banks. that's our biggest crutch versus an undeveloped countries. you have less people infrastructure and banking system, so that the concept of your money not being yours is more apparent. you don't trust the bank there because you never know when i'll blow up how to liquidate right now . or in some cases have an entire regime change and have your entire account wipe down and reset. so that's one big coin really shines because the entire infrastructure is based on trust las protocol. no intermediary,

you don't have to trust the bank, you own the asset. so it's quite obvious why developed nations like the u. s. and the u. k. they're fearful bitcoin. i want to regulate it while undeveloped nations embrace it because bitcoin as a catalyst for regime change. boom bus. christy, i thank you so much for your expert analysis on this topic. and finally, part of soccer legend leon l. matthews, compensation for signing with pear saint germaine this week include some of the clubs crypto currency fan tokens. massey signed a 2 year contract with the friends club on tuesday, and according to reuters p s g said the tokens were part of his quote, welcome package, which is reportedly worth as much as 35000000 dollars. they did not say how much of that was actually in the token, but did say it was a significant amount of fan tokens allow holders to have a say on minor decisions, most of the time related to the associated team, socio dot com which provides the tokens for several soccer says they have generated

$200000000.00 in 2021. so is this going to become the new trend where they say massey did it now we need to have our own tokens and make sure we can become closer with. well, there's a lot of teams actually that have these tokens. so i believe that was manchester city has it. and then there's several other big, high profile clubs who also have those token then it gives, you know, it's a crypto currency that essentially the fans could trade, but they're also, it gives them say, ownership, stake in the, in the club. and that's it for this time. you get boom by on demand, on portable tv available on smartphones and tablets through google play and the apple app store. portable tv can also be downloaded for samsung, smart tv, and roku devices, or simply check it out portable dot tv will see you next. me ah,

ah, i forgot he's done. he's spinning out of control and stunned, rather televisions, rapid advance towards cobble the you and just the militant group to hold the violence and i've got to stand. meantime new in the countries president refuses to step. going against the key taliban condition for a peace still. while africa nationals have risked their lives assisting foreign militaries, no fear of violent retaliation from the resurgent taliban. we speak to one former translator who asked for his identity to be concealed for his had his family safety . leave the details of what will happen down every or interpreter who serve to partition american forces. it will be the african interpreters or who.