the me this is been i someone business show you can't afford to mess. i'm rachel blevins and i bridge a boring washington coming up for united states and allies have proven billions of dollars in for an a to afghan a stand will take a look at how the nation's economy will be able to sustain itself. and bitcoin is less than a week away from becoming legal, tender adults, salvatore. but the iron message warning the pitfalls of the move we have as an expert analysis on hand to break it all down then case how is exploring options. so let us customers train stocks on the platform. we'll take a look at how it could affect the future of retail trading. we have a package here today, so let's get started. we

leave the program with the latest in afghanistan, hours after the u. s. declared its military has officially left the country. with the departure of us troops came the swift fall of the us back, the government, and now come the warning sign that the country could be weeks away from an economic collapse. the afghan fans economy has spent the last 2 decades largely dependent on foreign aid. as reports have noted roughly 75 percent of the country civilian budget and the entire $4000000000.00 defense budget was paid for by the u. s. and the nato allies. in addition to the u. s. suspending as plans to continue funding the now overthrown government, the i m f confirmed. it was cutting $370000000.00, and cobit relief paid the world bank that it would freeze over $2000000000.00 in active funding. and the you confirmed it would freeze $1400000000.00 in aid that

was supposed to be released over the next 4 years. all of this, as washington continues to block access to $9500000000.00 and ask in reserve stored in us banks, which includes $1300000000.00 worth of gold and new york rushes envoy to f dana cent, called on the u. s. to release the government's assets, saying that if washington truly cared about the fate of the afghan people, then there is no need to create additional problems for them and the form of freezing the goals and foreign exchange reserves of the ask in state. he went on to know that if the us doesn't do so, is likely to create even more kale as the country is forced to turn to illegal profits for ms. sky rocketing opium production or the billions of dollars and weapons and military equipment left behind by the united states. so joining us now to discuss jeff, reach out to the president of the brownstone institute jeffery. it's great to have you back on the show today. now, the buying, the administration has declared that the war is over,

but at the same time they want to continue to control the country's money based on who was in power. so what do you make of that? but it's just usually u. s. foreign policy. i mean, we've got to come up with some other strategies here. besides, where do you work massively, subsidizing countries or imposing sanctions? i mean, it would be nice to be us, could figure out a way to have normal relationships with countries and then became of the taliban. the west can't seem to figure out it's a friend or enemy one hand, you know, they see the most allies against, against i to k, which i get. that was probably part of the rationale for acquiescing to the taliban take over the country with so question the us did that. but at the same time, we've got these now all these efforts do to, to, to, to put in perfunctory and actually quite damaging sanctions against the country to what end. i don't know, it's definitely going to perpetuate economic cas from the country and definitely

going to drive the government and private producers into the underground markets with the opium production. and we can our selves. i mean there's, that's the real goal of afghans and everybody knows it. and taliban, talking about banning of it's distribution and production is ridiculous. that will definitely be the direction they go. and we don't want that to happen. we've got to have normal economic relationship. it's not necessary to treat taliban as, as either friends or enemies. you can just establish trading relationships, and that's the best way to normalize afghanistan and move this transition. the current path is, is more by another means we're pull it out the troops, but now imposing economic sanctions in a way that actually going to hurt people need to agree with the russian foreign minister here, but he is exactly right. but it's interesting that you say that about, you know, you don't have to treat everybody as a friend or enemy and have an economic relationship. but apparently,

it feels like the united states does not feel that way. when we look at every trade to be, we've had in recent years. now jeffrey, it's not uncommon for countries to store the gold off shore, especially with the u. s. federal reserve, which has the largest reserves in the world, but with the safety comes conditions. so what does that mean for afghanistan, if they aren't given access to their own assets that are stored in the united states? looks very much like fact, really. and as this to us doesn't have a bad enough reputation. that part of the world is, i mean that's going to turn every everybody afghanistan further against against us and cause the taliban to reach out more profoundly and with greater economic size to russia and china. it's a matter of us once again, the shooting of cells and the foot on the foreign policy decision. and it's really absolutely fine. and it would just be nice if we can establish some kind of normal relationship. i think that was the thinking and pulling the troops out of

afghanistan with the taliban, that we develop a normal economic relationship. a normal trade relationships and normal political action. but, but when you have going on to sanctions, is, is probably like a big p r. move, but it's actually devastating crap. can that and is going to drive for further. it's terrorism further into the underground economy. it's talking to end. well yeah, we've seen already 20 years of devastation just seems to continue. now i want to continue on talking about the point you made there, which is that we have countries like russia and china who have agreed to address the taliban as the governing body of afghan, a stand. but the u. s. is publicly continued sanctions against the group, all privately relying on them to fight groups. like i said. so how do you see us influence playing out in the countries economy? and are we likely to see more for an investment from other countries? i know us us relationships with afghanistan's going to look like us relationships, a lot of countries in the world. we pretend to have the simpler to pretend to have

this the power, but, but be this country that is moving on without us establishing the own trade relationship with china. and we've seen that with, with russia, the us ever further isolating itself from the, from the world economy is this tendency began about 5 years ago. and it just keeps perpetuate itself. the u. s. keep the teen as if it's a big global superpower. but it's failing to show that it actually has that much influence in the world, and that seems to be what's going on right now. right now if have f canister there will be traded relationships between the taliban and plenty of other governments and the world that is the only viable or government of the state. i think i think that's what the buy demonstration understood are going into this. but now you have, now you have all these perfect returns and the other directions, if, as if the us were going to somehow punish britain,

tell them if they're going to respond. you know, like with shocking off to the u. s. is amazing power. after 20 years of trying to democratize the country and nation build there and completely and utterly failing, you know, it's not like the sanction is going to have much impact on the country. and also be interesting to see what the vine and ministration decides to do. you know that they know that this is a way that they can't win jeffrey tucker of the browser and institute. thank you so much for your time. and l salvador continues to move forward as it prepares to accept big coin as legal tender, a move that has brought praise from the crypto currency world and warnings from the international monetary fund with less than a week to go before the change. the deputies of the finance commission of the legislative assembly of el salvador agreed monday to create a $150000000.00 bitcoin trust to facilitate exchange between bitcoin and us dollars

in the nation. and the el salvador and minister of economy says there is a possibility of increasing the initial allocation, joining without a break this down too much co host, encrypt analysts bend swan and christy. christy. i want to start with you here as el salvador is making this move, it requires adoption by the business community. how is the country building support for that? while they're building support by incentivizing citizens the same way that the crypto world incentivizes adoption during. and i feel you create an aragon, which is free money. so in one week on september 7th, every citizen and el salvador will have access to $30.00 in big point from the government to their chiva wallet. exchange point for dollars or more bit points to the new atm or the apple. the commission free and citizens can begin to legally receive big point of payment without having to pay additional changing fees. now the government will spent up to $75000000.00 to air drop $30000000.00 worth of bit

point in to be cheaper wallet. and that would cover the cost of feeding the $2500000.00 users. and then they're also building out the atm infrastructure and they're supporting structures to be built all around the country. and the presidents also allocating a significant amount of funding to also incentive by citizens to learn how to use the chiva wallet app. and in addition to that, the ship is meant to attract for an investment and entrepreneurs in the crypto space. the president has said that foreigners from property can then by can buy them with it quite without paying the capital gains tax that they face in the us. and elsewhere. yeah. and we know that all salvatore is really being seen as a massive experiment when it comes to bitcoin right now. and of course the world is watching. so been when it comes to the i m f. we've heard one statement after another they've made it clear that they don't like the idea at all. and they've now issued a new warning, correct? yeah, they have essentially what they're wanting about is they're saying this is and i want to get the quote here. this is an inner via usable short cut that l salvador

is taking by making bitcoin legal tender essentially saying that they acknowledge cross water payments will be easier. it will be faster for merchants digitize the economy. there's all these positives that they say, yeah, we acknowledge those, but we think it's a bad idea overall and it could hurt businesses, or it could hurt the ability of all salvador to get help from the i m f. if it needs help from the international monetary fund, why would, why would that be the case? unless it's all about politics? what it sounds like, the i m f is really saying, and as you guys know, they've had these warnings in the past, which essentially say, we think it's a bad idea because essentially you're trying to go around the banking system and you're trying to implement bitcoin in a way that really legitimizes it for the entire country. and so we don't like that . and because we don't like that if you continue down this path, you better watch out because you might find yourself in a situation you don't like. i know in the past like compared it to feeling kind of like you're dealing with the mob. i still think it sounds like that. it kind of comes off like you're dealing with the mafia here, who are kind of warning you that you might want to think twice before you do this

and it just comes off in a very negative way. yeah, it really does, especially when they continue with these warnings and they try to exert as much control as they can. now, christy, there have been some anti bitcoin protests in el salvador. what do we know about that? yeah, not everybody is optimistic, but the chain, salvador and citizens, they started to protest as changed by the fear of crypto volatility put every day. investors at risk and my pay potential evenly even more chaos. and a lot of the fear comes from the lack of understanding of the financial markets, which might present a challenge. because the big point is all of how they're currently right now. they just from a custom to using the us dollar as a safety net and anything else that could move as a threat to their financial security. because they're still new to their own preparation in only one direction, which is down. they fail to recognize that big point will most likely appreciate and go up over time. and again, stems from the lack of financial education amongst the local population,

which really isn't their fault because it one is living from paycheck to paycheck. investing is probably the last thing on their mind, but in any case, other countries may soon be following suit to cuba. also announced that they too will also recognize that in the future. and now been, i know you have a pragmatic mind about this despite being a crypto enthusiast, a crypto supporter, if you will. but obviously a transition like this will not be a completely smooth situation. what are the biggest hurdles that i'll, salvador may face? i think there is a number of them in christie mentioned right there, that you have a fairly unsophisticated population of people, especially when we're talking about dealing with a digital currency. it's not trying to take that as an insult. just the reality of what it is in el salvador. so there's going to be a huge hurdle in terms of education. and in terms of people adopting technology for the very 1st time that they've, they've never used before. i think that's going to be a huge hurdle, but i, i honestly think the biggest hurdle el salvador will face will come from the outside of the country. it won't be just the, you know,

financial literacy and digital economy literacy that has to take place. but also just the influence and the undue influence of other countries and those baking institutions and those, you know, groups like the international monetary fund who don't like this idea. what they don't want to see is the idea of big coin is legal center becoming something that catches on throughout the world. and so if you could make an example of el salvador and show that things were poorly there, or that people were harmed, it ultimately serves the existing banking structures. and so there is an incentive there for, for certain groups to see l salvador fail in this model. and so i think that's the biggest hurdle they face are those outside pressures. and when we talk about the idea of financial literacy, of course, you know, i think all 4. busy of us have, at one point been asked to explain what bitcoin is, what crypto currency is. and even when you have a pretty good understanding of it, at times could be hard to explain how you would do that and how you would use and trade it. and you think about bringing that into an entire monetary system. could

definitely have a couple of problems to get over, but i think they can boom, bust bend, swan and chris the i thank you both breaking that down. thank and as part of china's wide ranging tech cracked down, the nation's regulators have imposed firm restrictions on the video game industry. the new rules published monday will limit miners under the age of 18 to playing online games for just 3 hours a week. they will only be allowed to play between the hours of $8.00 and 9 pm on fridays saturdays and sundays. they will also be able to play in the same timeframe on public holidays. now the rules come from the national press and publication administration, which overseas the countries video game market and told state media teenagers are the future of our mother land protecting the physical and mental health of minors is related to the people's vital interests and relate to the cultivation of the younger generation in the era of national rejuvenation,

the chinese game market has become increasingly popular in recent years and is expected to generate more than 45 $1000000000.00 in revenue just this year. according to industry analyst news, you wow, i cannot help but think that if a rural like that were passed here in the united states, there would be a protest in the streets. i mean, is this something that only happened in china? yeah, i mean, you got to have to have a government that can actually put something like this in place. i mean, here, number one, business has way too big of a influence on policy. and frankly, i mean, when some of these gay manufacturers were asked about this here in the united states and said, you know, what do you make of this? and the concerns over video game addiction and that kind of issue. they basically said, look, we put this in the parents hand, we give them parental controls, they can limit the amount of time they can see how much time their child is playing . we have rating systems that make sure if, if violence in video games is your issue, we do that. so they've kind of put that and said, hey, that's not on us, that's on the parent. but in china, it's really going to be on the tech companies in this situation. yeah,

it'll certainly be interesting to see how that all plays out time now for a quick break. but when we come back, hey, tom is looking to hop into the retail training sector with the platform of its own . well, take a look at what that could mean for users and for the future of training neck. and as we go to break here, the numbers at the close the me, i when i was the wrong, when all just don't the yes to see out. the thing becomes the attitude and engagement equals the trail. when so

many find themselves world far as we choose to look for common ground. so what we've got to do is identify the threats that we have is crazy plantation. let it be an arms race is often very dramatic developments. only personally, i'm going to resist. i don't see how that strategy will be successful, very critical time time to sit down and talk rather driven by a dreamer shaped by those in

me who dares thing we dare to ask in the family. is that about the mark? sounds good. i took my new function, you would like to get some way to show me another do y'all done? got that. i've got that limit and i wanted them off. you're gonna be skillful that you don't know what about the less about

me the welcome back pay pal. is reportedly exploring an option to let us customers trade stocks on their platform according to sources cited by cnbc. the report also states the payments company, hired brokerage industry veteran richard rich hagen, to had its invest at pay pal division. now the possible move comes after the company launched crypto currency trading for us customers last year. and as we have talked about recently on boom bus, retail trading has become very popular as the means doc movement took off just earlier this year. in fact, larry tab, an analyst with bloomberg intelligence estimates retail investors accounted for 23

percent of all us trading this year, roughly as big as all hedge funds and mutual funds combined. now, as the news broke, pay pal stock was up as much as 4 percent on monday before leveling off into tuesday. for more on this and what's new, big market tuesday, let's bring in michelle snyder, who's partner and director of training research and education for market gauge dot com. always a pleasure to have you on michelle. i want to start with the paypal situation as retail investing has become more and more popular. is this a good move for paypal? well, definitely. first of all, they have 377000000 active uses. if you compare that to robin hood, they have 18000000. so in terms of the whole trends, you just talked about retail investors getting more and more involved in the market . a power certainly opens up another door. now it's going to take a while for that to happen, as you've mentioned already into the crypto space. there's talk that perhaps

they'll find some kind of a partner as a broker dealer. but overall, right now, if you just look at the stock itself, it's interesting because you mentioned it's sold off a little bit, but it actually is holding very team moving average here are the 50 day moving average. you have an opportunity if you believe that this could be a real profit for them as it was, let's say for robin hood, when you have a situation where you have about a $10.00 risk and it should send the stock off. now we will tell you though it does, it will take time. it's not going to happen overnight. wow. so pay pal is seeing all of the success that has been had with retail training and they're trying to get a piece of the pie. they're now staying on the topic. we saw that robin had stock loss as much as a person on monday after the report that pay pal and fcc chair gary gambler are claiming payment for order flow has an inherent conflict of interest. so why is the practice of robin hood sending orders to wholesale brokerage rather than exchange

is facing so much criticism? and why is it used to begin with? well, 1st of all, to answer your 2nd question 1st, this is nothing new. now in terms of the hero commissions, we'll get to that, but i go back a long time in trading when we used to trade on the commodities exchange. so order flow would be jumped in beforehand. so people would be privy to a broker working for a large company that a large order was coming in and people would pile in and try to get it in toronto. and as soon as that order was done, they would sell. and so if you are an experienced trader, i just really think it's important to get some bog down into the ideal just high frequency trading. in this tell an order flow means that you should make some adjustment. if you are a position trainer really shouldn't make that much difference. and if your day treating you should probably have a little bit of a timeframe in your mind before you put a by stop or cell stop. so i wanted to mention that as far as the actual order flow

selling of it robin hood is definitely not the only company that does that. and in fact, going back to what we just talked about with pay pal, that's also on the table to have 0 commission that's attractive. so there has to be some kind of payoff there. so the fact that again, i want to take this on, he's not just taking it on for robin hood, he'd be taking it on for the entire industry. and that would mean some really big sweeping changes to the whole industry in general. so really in terms of the retail best or it's going to come down. so what do you want more you want you commission? or do you know that your water flows are being sold? and that of course, could actually affect your fill. when you put in an order, so it's going to be interesting to see what happens going forward. will michelle, i just want to follow up on that because i think like i understand completely what you're talking about. this is nothing new. this is kind of the way it works, especially when you're looking at 0 commission trade. but when you start to have retail investors who don't have big money in the market, this is they're professional job. they're just trying to, you know,

make money where wall street makes money and they look at it. they say once you start learning about payment for order flow, you're basically saying, okay, well, all these other brokers, they see the money that is coming from my account. they see the buys and they might see them coming from all over the place in the retail. but shouldn't they kind of even the playing field for the retail investors if you want regular people trading in the stock market, or do they just not want us there? well, it's really kind of like you, you're going to lose as a retail investor one way or another. so pick your poison, and i think that's ultimately what retail investors are going to have to decide. because if they go back to charging commission and you're a very active trader, then as we know that also with small money will cut into your profit potential. that's not an easy answer. all i'm saying is that historically there's been an adjustment that when you tell investors have been trading for a long time, i've had to make and they paid commission. so at least you have one advantage and

you didn't have say a few years ago before 0 commissions became popular. so again, we'll see what cancer does, but is huge because it's not just robinhood. he's got to deal with this with many companies going across the board. absolutely, and we know settlement time is coming up as well in the discussions. michelle schneider of market gauge dot com. we could talk all day, but unfortunately we're out of time. thank you so much spirit. and finally, the 1st overpayment to accompany to mind the moon has been made and a transaction between nasa and lunar outpost worth just $0.10. the cheque represents 10 percent of the colorado base startups, $1.00 bid. it also says that the legal framework for lunar out post to follow through on plans to collect dust from the moon. that may not sound like much, but nasa administrator bill nelson said the mission to collect space resources will play a key role. and nasa is art in this program as well as the future of space exploration

. they say they're long term goal for the resources they find is to create a form of demand for building facilities or even to create water ice to then create rocket fuel as a result, really, the possibilities are endless. a 10 cent contract. can you believe that rachel? it just doesn't make sense, and that's it for this time you can catch boom bus on demand on the portable tv app available on smartphones and tablets, the google play, and the apple app store by searching portable tv. portable tv can also be downloaded on samsung, smart tv, or roku devices, or simply check it out at portable dot tv. we'll see you next time. me. the ah, is your media a reflection of reality? in a world transformed what will make you feel safer?

tyson lation for community. are you going the right way or are you being somewhere direct? what is truth is faith in the world corrupted. you need to defend the join us in the depths. will remain in the shallows use what we've got to do is identify the threats that we have. it's crazy plantation, let it be an arms race is on often very dramatic development. only personally, i'm going to resist. i don't see how that strategy will be successful. a very critical time, time to sit down and talk to me

only one main thing is important for not as an internationally speaking, that is a nation's pickups. are allowed to do anything, all the master races, and then you have the mind, a nation. so other slaves, americans, proc obama and others have had a concept of american exceptionalism. international law exist as long as it serves american interest. if it doesn't, it doesn't exist by turning this russian into this dangerous volume man that wants to take over the world. that was a culture strategy. so some golf veteran yawn, i english v i, v, i not leashed off in one tablet block nato could it's our, we move east. the reason us had gemini, is dangerous, is the last, the sovereignty of other countries,

the exceptionalism that america uses and its international war planning is one of the greatest threats to the populations of different nations. if nature, what is founded, shareholders in the united states and elsewhere in large companies would lose millions and millions or is business and business is good. and that is the reality of what we're facing, which is fascist. extraordinary success. and this mission was due to the incredible skill, bravely and selfless courage, united states, military and our diplomat and the headline to september the 1st and press the button to friends, america's hasty withdraw. my gonna son stressing the result of the mission. despite the cale some bloodshed that the us military find those days in the country.