dares think me, we dare to ask the families that up with the money i took marking. if you would like to get some more worried, it shows me what to do. i'm done. i got, i've got that limit and i wanted the multi are they gonna be skidded back to the left even above the less about i get up there with

me and this is boom. but the one business show you can't afford to mit branch a bar, and i'm rachel blevins in washington. coming up the president of ukraine is at the white house for a special meeting with president by then we'll take a look. 6 at why the us is pledging an extra 16000000 dollars and military age and what it means for tensions in the region, plus fight in the u. s. is done with nation building. we'll discuss whether that's really the case and how much washington is still handing out in foreign aid each year. and opec plus members met wednesday to discuss the future of oil output as the delta various ways our demand will bring you up to speed on the latest developments from the car itself. got a lot to get to. let's go the

with the highly criticized exit for lap ganeth and now officially behind him us president joe biden has now turned his attention to military aid for ukraine as well as the future of the controversial lord stream to pipeline. in fact, wednesday president binding unveiled a wide range of humanitarian and military aid package for ukraine during a visit by the countries president at the white house. joining us now or so. what's in store in this package? joining is been swan co host of boom bus been always pleasure to have you on here to break these things down. 4th, let's start with what is inside this ukraine, ukraine, humanitarian and military. a package within their goal? that's really what it is, right? it's a, it's a combination of packages on the military side. it's about $60000000.00 of newly designed military equipment, which the credit can me says it's kind of jarring the here,

even though $60000000.00 is not a whole lot of money for military equipment. when you left $90000000000.00 worth of military equipment in afghanistan, the fact that you're now buying brand new equipment to send up the ukraine just seems a little tone deaf. but on top of that its anti javelin tank. java and anti take missiles, small arms and ammunition. so that's the military part of it. you also $45000000.00 of humanitarian assistance for ukraine's who were impacted by what they called the separatist guerilla war in ukraine, as well as another $12800000.00 being used for assistance to ukraine on top of another, $55000000.00 for coven related matters so all in you're talking about close to, you know, a $150000000.00 in this a package. again, one part military, one part so called humanitarian class. so the u. s. is just sending weapons to everybody just like usual now on my candy. right. exactly, now, on the issue crane,

the binding administration has begun once again talking about sanctions against the north stream to pipeline. in fact, the state department spokesperson did this during a news conference on friday about afghan and stan. so why is the binding ministration? re focusing on nordstrom to, i mean, i thought we were over and done with this. yeah, you would think that we are over and done with it, especially when you consider the fact that if we're talking about nor string to, if we're talking about the situation with, with russia that president biden's already said can do anything about it. so he's going to get out of the way, but then he doesn't get out of the way. so for instance, this last friday, during the news conference, by the way, about afghanistan, the state department shifted gears. they changed the subject and they started talking about north stream too. and they mentioned a particular ship. and the company that owns the ship that will now be facing us sanctions, as well as a construction company from russia that will face us sanctions because of their work on the north string to pipeline that was pretty hypocritical about this is that there were no sanctions mentioned for the german companies who are doing work right now for the very same project, right?

because the u. s. is trying to get along with germany and they're still painting this as russia harming ukraine by essentially bypassing pole and bypassing ukraine . not paying those transit fees, even though russia still says they will pay the transit fees and having a direct pipeline to germany. so even though the u. s. a said, this is, you know, this project is 90 percent, some finished, and the fact that they say they know what's going to happen. and the back of a knowledge above germany and russia wanted, the u. s. continues to say we're going to punish the russians for doing it. it's a, it's a kind of a bizarre turn of events. and obviously ukraine keeps pushing for this to happen as well. it almost feels like a powerplay from the united states, the way they keep injecting themselves into this discussion. obviously with the president, the liskey here from the ukraine. you know, obviously this was going to come up now. meanwhile, by the chairman of the board of natural gas, a of ukraine says that the launch brushes nordstrom to gas pipelines still can and should be blocked. are there any chances that it might actually be blocked or are

we just looking at economic harm like sanctions going on in this? yeah, it's just going to be saying that there is no way it's going to get blocked again. but what, what can the united states do? the only way you can really block it would be to either declare war on russia or germany or both. that's not going to happen, or good demand that the germans don't do it in. germany's already made it clear they're going to do this. it's in their best interest. and angela merkel, the chancellor in germany, comes up and says, oh, well, you know, we're going to continue to make sure that russia doesn't use energy as a weapon. but the reality is they want this deal and by the way, real quick on another thing that's not going to happen is this taught that ukraine is now pushing during their meetings today at the white house or on wednesday at the white house and talking specifically about wanting to be in nato, and why are they not involved in nato yet? that's also not going to happen because the fact is natal countries don't one ukraine right now because it's a red line with russia. so ukraine is asking for an awful lot. they're getting military assistance, they're getting humanitarian assistance, but they're not going to get the nor string to pipelines stopped and they're not

going to get inclusion into nato. certainly not any time soon. boom bus been swan. thank you so much for following the story today. thank the binding ministration says it is officially done with nation building while the term is often used by politicians who are looking to garner public support. it typically refers to situations where the u. s. fuel of the country with billions of dollars in foreign aid and hopes of fostering what they refer to as a free democratic society by supporting the leaders of their choice. according to the data compiled by the nonprofit organization open the books, the u. s. spent nearly $300000000000.00 on foreign aid between 20132018, averaging out to nearly 60000000000 dollars each year. i've dana stan top list and 20 teen receiving nearly 6000000000, followed by israel. more than 3100000000 than jordan, egypt, and iraq. while the us has been unclear about its plans for funding and the dentist

in the taliban is empower, it's commitment to overall foreign aid remains the same. to put it into perspective before an aide allocated by the u. s. government in 2018, which was nearly $50000000000.00, with more than the federal funding spent by $48.00 state governments coming in only behind california and new york. but president biden continues to say, it's not just about ending a war, it's about ending an era this decision about gains to is not just about to spout and need an era of major military operations to re make other countries we saw mission of counterterrorism, and i can stand getting a terrorist and stopping attacks more into a counter insurgency. joining us now to discuss it, professor richard wolf, host of economic update,

and author of the sickness is the system professor. it's great to have you back on the show today. now when we look at the sheer amount of money the us spend and for an 8 each year, is there any indication that the u. s. is really done with nation building or they just done with an afghan, a fan? i think they're mostly done with afghanistan and that won't last very long either. the nation building is mostly b. s. it's mostly a veneer to cover over what has always been. and by now it's really amazing that anyone can seriously talk about it. it's always been helping your friends, hoping that your friends stay in power in whatever the country is you're giving money to look, the world has learned. if you want to build a nation and you want to do it in a sustainable democratic way, that has to be done by the people themselves. it cannot be imported or imposed. the

united states simply can't do it. it's key is learn the lesson in vietnam. it's learning it in a iraq, it has now been forced to learn it in afghanistan. i could go on. what you're doing here is give it throwing money at your friends and go taishan marks. so they stay friendly to you and hostile to your enemies. if they could develop their own country, they wouldn't need money from the united states. mostly getting money from the united states means they can't or don't want to do it. and you end up sustaining a small group of people in power to whom the money goes. and after that, no one can quite keep track of what happened. the story is repeated over and over again. you know, professor, well, i just listen to the talk there and frankly, all i'm thinking is in a contrary in mind here is, can we have just done away with 2 or 20 years of war and really just could take, gave the aid and we would have the same result in the anyway,

i think we would have had a better result and i think we're going to be able to test our theory. yours in my, in the next few months in years as the united states adjusts, the war will be over. they will want to afghanistan to be less hostile that it might, the taliban will say, ok, maybe if you help us out this way, this way and this way, something like that can be worked out. i mean, common le harris went to vietnam a country that we were also at war width for a long time, and she's all friendly and they're friendly and we're giving them help. this is the way, this kind of thing goes. it's a tragedy for the country. it throws him back 3040 years, it kills unknowable numbers of people there. and i'm not even talking about the dead and wounded americans. and yes, your question is one of the urgent questions of our time. what are we doing in

these repeated wars when we could get much better results? never turning to that option in the 1st place and not to dwell on this too much. but, you know, afghanistan remains one of the least developed countries with an average literacy rate around 38 percent only 35 percent of the country has access to reliable electricity. so with all of that for day spent, again, the question really goes, we have nothing to show for this, correct? it's in almost the same position, maybe even worse. absolutely, it is worse. you've had 20 years of war, whatever under development, they suffered at the beginning. they haven't made progress since then, that was just more p r for thoroughly endless bombs and drones and all the rest of it. i mean, let me be stark because people have to understand this. for most of the last 40 years, foreign aid has been given to loads of countries that look like afghanistan. they've made some progress,

not much. one of the big success stories of the world development, the biggest one is china, which never got a nickel of american aid because they, they were run by a communist party. but they were able to put together a development program without american help. that is much more successful as everyone knows than most of the countries that got the help. and that should close the book on this mistaken notion of how you function in the world. when it almost seems like american aid becomes more of a curse than actually helping these countries to begin with. and if we take a minute to look at the sheer amount of money that has been spent, whether it's the budget for foreign aid or the trillions spent on the war on terrorism, as it is referred to, we see that the u. s. has spent the last 20 years throwing out funding without much oversight. why do you think there's been more of a push in congress specifically to reallocate some of that money to programs that would actually benefit the american people directly?

well, i'm afraid that the, the answer to that question is one that will trouble people. we have a very powerful lobby that is interested in never ending wars. mister biden knows it very well from all his years in the congress. and that's the enormous military industrial complex that president eisenhower warned us about. they stand to get the big contracts afghanistan, last, merican lost their lives. we didn't get what we went out there. we all know it, but there was somebody who did do real well. that was the people who provide the guns, the ships, the drones, the plains, the bombs and all the rest of it. and my fear is that they together have more muscle in our congress than all of the constituencies that would rather see the money used to develop this country before it is thrown into these hopeless counterproductive ventures abroad. you know, professor, well,

you often tell me you said that perfectly, but you didn't go far enough. and i think that was the case. there is because they have the muscle of congress. now the u. s. is now putting afghanistan in a similar category as nations like venezuela and iran, where the sanction are based on the countries leadership. but we know that the sanctions really hurts civilian. so in the end, we're going to hurt the people whose country we went into. we bombed, we killed civilians anyway, so this is going to get worse as the sections ramp up. absolutely, and people don't understand, even though somewhere i think americans do. if you do what you just described, if the united states has war for 20 years, and now sanctions the country, the leaders, the people who have now taken over the taliban, they have an easy sell to their people. it's not they that are failing. it's the united states, as hostility, it's embargoes, it's sanctions,

it's doing everything to under cut them it's. it's happening everywhere in venezuela, in the iran. the leadership there turns around and uses these us hostility to justify people not being angry at them for the mistakes. and the failures and they have but being angry instead that the foreigner, because the case is plausible enough that the united states is now making it harder than it did before. it's almost like the world is wagging a finger at the united states and saying, my goodness, you're a sore loser. on top of having done the war as badly as you did, and that's where the united states got itself into. to begin with, you would think that they would learn something after 20 long years. professor richard will thank you so much for your time and insight. thank you. and so now for a quick break, but when we come back, could opec was soon be on the verge of changing plans for oil output straight ahead

. we dive into the latest from the cartels virtual meeting. let's get a break here. the number to quote me ah, what we've got to do is identify the threats that we have. it's crazy, even from station 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, a very critical time. time to sit down and talk i can't rec, drugs are essential for millions of patients. or are they, they want that pill that they hope will take care of their problem thoroughly and rapidly in the short term they really work. the problem is, in a long term,

they're mostly disastrous. suddenly stopping a drug can cause withdrawal symptoms more serious than the condition it was meant to treat instead of the beneficial effects of these different medicines, any up to something wonderful, very often they're harmful effects and up to something terrible can build. so of all ills, or are we trying to mitigate life itself? i just think i was and i was just scared care, a little girl of 24. and like me didn't have to be so complicated. welcome back. the organization of the petroleum sporting countries and allies, including russia, agreed on wednesday to move forward with this plan to gradually increase production in the coming month and july. opec plus members had agreed to boosting out put by

$400000.00 barrels per day in monthly installment. the decision comes after the white house said the cartels plan. the increase wasn't enough to keep up with rising gas prices in the united states. but opec delegate have maintained it is too early to release more supply to the market as many nations are still dealing with surges in cases of the delta variant of coven 19 on the news. the price of brent crude oil and west texas intermediate. we're both down slightly regaining losses from earlier in the day. so what does opec's pluses latest policy meeting tell us. c about the state of the commodity. while the discuss, let's bring in the i and david mckelvey, ne theo of macaroni financial group. david, let's start with you here. so what's the take away from wednesdays? meanings? did we really expect anything to change after it took the cartel a considerable amount of time to come to the latest agreement?

ignoring us pressure to increase production did not surprise us. the white house's concerns with inflation and increased political costs. sort of accruing from that coming into the 2022 election while they're real. opec implicitly communicated. that's your concern, not ours. if you look at july credit data from china, we know that there, we knew that there would be a series of economic statistics emerge in august would support the notion of slowing economic activity in china. sure enough, those numbers are showing up, export demand is falling, manufacturing slowing, same here in the u. s. we've got the u. s. purchasing managers and x is the p. m. eyes, which give us an indication of slowing economic activity on the horizons. we have both the service and manufacturing p. m eyes weaker than expected. still growing out the pace, but deceleration is here. so there's enough supply chain challenges. there's enough economic indicators, is enough, coven concerns globally. and some of those concerns extend to the supply chain issues to support opec's decision to stay on track with gradual increases,

who's the right choice by opec. and it was based on non contentious economic data. and now chris, the u. s. shell output is expected to arrive to $8100000.00 barrels per day, starting this month, the highest outputs in april of 2020. now while the u. s. is a net export, or we have heard the white house as we just talked about, call for further production from opec. what effect will this and shale boom have if you want to call it a boom, obviously it's just coming back to where it was. have on the oil markets, i mean, it means that consumers will finally have some relief with gas prices. oil settled down amount of one percent on tuesday, post dance 1st monthly loss in march as apply increases. so the us has plenty of shell, but i think the industry is going to be very cautious here as to not over flood the market. it is in no produces interest to over produce and drive the price of their own product down. and opec makes some very good points about the overhang risks of

coal, the dampening business and holiday travel for the remainder of the year. so i think the price will certainly come down a bit as the us ramp up says production. but it's going to come down gradually because as much as the us can produce an export, it still pales in comparison to the vine, the opec can do. and now david, iran is looking to further increase production with some estimates being close to up $1000000.00 barrels per day in the near future. much of this will be continued on sanctions the nation is facing. but if they were to get back to the nearly 4000000 barrels per day, they were previously producing. how would fellow opec nations compensate and could they go beyond that? yeah, or inspection, is it 40 year loads? it's just under $2000000.00 barrels a day. and they could get to say 3000000 barrels a day by the end of 2022. if road blocks will remove, that is if sanctions were removed or if trying to further supported their exports. the problem there is that china needs to blend like crude with the heavier iranian

crude. so you can have some, some issues there. but here's an interesting twist. if opec will not do the bidding of the white house and increase production around may separately work around opec and bite administration. you know, you've seen the cooperation with iran already that that could be an interesting dynamic, one of the founding members of opec doing something that perhaps they're not supposed to do. that it's possible that iran could get the obama deal of a lifetime from his v p current president. and, you know, with interest is we already have nuclear material being refined at higher and higher grade, not yet at the 90 percent for weapons grade. but moving in that direction and not a lot of comment from the white house in that respect, it's not even clear that the u. s. cares just this week we have north korean plutonium production. back on at one of the reactors. again, white house was kind of silent, so my guess is, and if i would have been a $1000.00,

it would be that iranians and the sanctions that is reassessed and maybe eliminated by the end of the year. so 2022 could be an interesting year for opec. and for the oil markets, in this case, i think you could have some crude awakenings with lower prices. that is really interesting that the white house hasn't had much to say that's certainly not normal for them. now christie and other story here is the finance minister of iraq and founding member of opec wrote an opinion piece for the guardian calling on fellow oil producers to move away from fossil fuel dependency and into renewable energy. now, calling on members to speak, an economic renewal focus on environmental policies and technology is saying things will have to fund a mentally change if the world wants to hit net 0 emissions by 2050. are we seeing a push towards renewables and do oil producers have any motivation to actually move away from big oil money? yeah, well this is certainly an interesting stands,

especially coming from big oil. but you have to applaud his foresight because renewable energy is the future. and is so then these countries that are currently sold dependent on their oil exports, must begin to plan ahead and start pivoting and investing in the future. so this would include things like solar power, nuclear reactors, etc, all which would reduce their dependency on fossil fuel exports. and then of course, big oil would prefer this not to happen and for the status quo to remain the same. but the global agenda and focus right now is turning toward sustainability. and if other countries start to ban petrol, power cars, then oil will not have any demand at all. and these big oil dependent countries would suddenly lose their biggest export products from lack of mand. so while they don't have any motivation to necessarily change or to cut down on emissions and the for the sustainability and good for the planet, they are motivated to protect their own financial interest and diversifying adapt towards renewable energy. chris b, i and david mckelvey. thank you both for your time and analysis today. thank you.

the and finally to a bizarre, a story that remains a mystery in more ways than one collector who goes by the name pranks, the claim to be the 1st ever to buy. and i see from the infamous bank see for just $336000.00 worth of a theory, a while pranks the claims of purchase. the picture after following only from the street artist official website to the next team marketplace opened, see the banks. the team was quick to say that's not possible. and they have yet to venture into the world of n, f t's, but it doesn't end there. the collector then said the money he spent was mysteriously return to him with no explanation. as a result, the number of counterfeit banks, the teeth have exploded online. and while the collector said he believes the official website was overtaken by hackers. the question now becomes,

who is the real prank? the if only all people who are scammed could get their money back, we're going to have to follow the story because we don't know what's going to happen. that's it for this time. i boom. but we'll see you next time. me one and i make no certainly no borders the blind to not tease you. we don't have authority, we go to the back seat, the whole world leads to take action and be ready. people judge, governors crisis. we can do better, we should be better. everyone is contributing each in their own way. but we also

know that this crisis will not go on forever. the challenge is to response has been massive. so many good people are helping us. it makes us feel very proud that we need together in the pacific leg around the world. expedition 5000 miles round the clock in the wall. instead, just as every country close by is like the crew cabins for food and one or

2 to check those for us also let me know. i said it's got everybody locked down or no more? no food. no. what about the really, i'm not sure. somebody either stuck up in the coven. you're living like the fema of home. but in the 21st century, i join me every thursday on the alex salmon show. when i was speaking to guess in the world, the politics sport, business, i'm show business. i'll see you then me the the

the, the, the, the, the, the, the, the, the, the british foreign secretary quiz, the boy a piece of who's questionable handling of the crisis. then i got a thought while he was relaxing one of the beach where the problem felt about when did he already went to the board and holiday? didn't, did they or what they did? i made for foot date, which was holiday.