the who's this is boom, but the one business show you can't afford to miss branch aboard and i'm ratio of love. and then washington coming up ukraine becomes the 5th country in as many weeks to adopt a new law aimed at recognizing and regulating crypto current will break down what it means for the growing industry and its power worldwide. watch china makes the unprecedented move to release crude oil from the state reserve for the 1st time. we'll discuss how the announcement is impacting markets and what it means for

beijing as a player in the industry. the pilots from a major us carrier are planning to take to the picket line pension between the labor union and management have begun to boil over later on. we'll dig into the issues with tax. so today was dive right in the we leave the program with what might be the single best sign that crypto currency is here to day. if you didn't believe it before, just pay attention to a government around the world are doing you crate. for instance, just become the became the latest country to create laws and regulations around crypto. in a nearly unanimous vote, the ukrainian parliament adopted a law that legalizes and regulates still currency. the bill was set in motion in

2020, and it now had to the desk of the nation's president until today, crypto in ukraine, as it is in many other nations, has existed in a legal gray area. joining us now discuss our co host an crypto analyst been swan and chris the. alright ben, i want to start with you. would you say that the more government's adopt rules for crypto the more crypto is actually here to stay? yeah, i think so. i think the governments are usually the last ones to adopt things when we think about technology and how it emerges, how it moves kind of through societies, governments and politicians themselves are, are rarely brave or visionary people. most of the time. there are people who simply follow where the trends are going or where the crowd is already gone and they want to look like they're important. so they try to catch up and, and then establish law. so in this case, what ukraine has done is here going to enshrine and law things like virtual assets, digital wallets, that's going to become

a part of some of that terminology will become a part of ukranian law. this is not the same as what we just saw in el salvador this week. you know, certainly where the coin becomes legal, tender, obviously, crypto currencies. a big point among them is not going to be on the same footing as ukraine's national currency. and it will not the government there is not going to facilitate taking bitcoin as it is in el salvador, certainly. but it is a huge step forward because up until now, as he mentioned, ukraine is operated in the grey zone when it comes to crypto currency. and there's been a lot of questions about what is legal and what is not in every time a government around the world stepped forward and says ok, we need to accept that this is not just the future. this is the present. but right now, and begins to actually give acceptance general acceptance to crypto currency. i think it's a very good sign for things to come. now, christie, on that note, with all salvador, having now made queen legal tender. other countries, like hundreds and guatemala, are now studying c, b, b, c. so how long before we begin to see other countries copy all salvatore's model?

yeah, it's pretty exciting that i was out of the officially became the 1st nation in the world to recognize the coin as legal tender. so now it's neighbors have kind of perked up, but kind of in a different direction. hundreds in guatemala, as you said, they're studying c, d. c, which is very different than big choir because instead of embracing existing crypto currency as legal tender, these cbc will be centrally issued money by their respective central banks. a hey, they're basically just visualizing the existing form money, which really does nothing to solve any of their existing inflationary problems and debt problems. because it's literally just monopoly money issued by the exact same bank that issued the paper money. but now it's just fancy, it's digital. i had a cool name like i cuts or something to sound really modern, but to really answer your question on who will follow and el salvador, his footsteps making bic when legal, a tender. i don't think it will be ukraine or hunger or watermark. they seem to be intent on the cdc route,

the same as china suite in the caribbean than the other $81.00 other countries. but i do think the next one could be someone like japan, because don't forget, japan is up there too. they pass the virtual currency act back in 2017 and some people. some analysts actually claim that this act gives legal tender status in japan because it technically to find big coin and other virtual currencies as a form of payment method. so not legally recognized as a currency or legal tender to be paid obligations yet. but as a form of payment method basically isn't the same category. paypal, paypal dollars, alibaba bucks, which are accepted everywhere. yeah, that really is interesting to see the countries that are trying to push more towards the digital currency kind of saying, hey, look over here at the shiny thing rather than looking at bitcoin now, but you have warned about the disruption created by the coin in places like el salvador, and a new report indicates that all salvatore's new crypto, well, it could cost western union up to $400000000.00 a year. are we likely to continue to see more push back against moves like the one

we're seeing? and i'll solve it or i think we will, i, you know, jeffrey tucker earlier this week called me a pessimist, i think i'm a realist of more than a pessimists. so think about the horse in the buggy, right. so bitcoin encrypted currency, that's the automobile. the horse and buggy, you know, the crowd is out. western union is the horse in the buggy. nobody needs them anymore. they've become obsolete already. $400000000.00 loss from just el salvador, creating wallace. it's pretty incredible if you think about it, but here's the difference. the horse and buggy crowd in the early 18 early 19 hundreds, wasn't willing to go to war over getting rid of the automobile. i believe there is a very different view in terms of the banking institutions that are in power that really have facilitated a lot of war around the world. they're not going to go quietly into the night. entities like western union are not going to go quietly into the night there. i'm going to sit back and say, hey, you know what, our time is up. crypto currency is here and no one really needs us anymore. so

let's just close up shop. they're going to do everything they can to disrupt the disruptors. i believe that is coming. and so while yes, more governments around the world are beginning to adopt the language for crypto currencies. there is a new war on the horizon and that will be to consolidate and control where this movement goes. the idea that every government around the world's gonna throw up their hands and say, hey, listen, we should all accept this idea of free markets and free flow of money and transactions and free trade. let's just let go of the system that we've built over the last 1000 years. i just don't see that happening easily and it's easily you should point out to that. i mean, when you're looking at it in the fact that $400000000.00 is how much western union makes on remittances. and specifically, in regards to el salvador, that's a ridiculous amount of money that they're just doing to transfer money countries. yeah, i know that one tiny country, i mean, that's a whole show and it's own about how that remittance business is working. before we go, christie, we have to ask about bitcoin price to know which has been smashed this week. and yet we continue to hear prediction that in spite of that bit coin could be headed

to $100000.00. why is that quickly please? not mash only last 9000, which is nothing for mine, but i think by the end of the year we can very easily hit 100000 because we saw this early summer sell off as a consolidation period. that kind of coincide with the network improvement china relocating their miners and other actual upgrades across the entire landscape. so we're definitely still in this bullish cycle because the bottom line is you have a limited and fix apply that going and you have every single month, exponentially more demand. so as long that exists, prices are going to rise. boom. but spend swan and christy i thank you so much break it all this down for us today. they do. thank you. china has announce plans to release crude oil from a state reserves for the 1st time ever falling reports that factory gate inflation hit a 13 year high in august. this marks meetings the latest attempt to crack down on the soaring prices of raw materials and to ease the pressure placed on domestic

refiners. while it's not clear yet how much crude will be sold, the approved reserves are expected to be released to the market for a public auction. china state reserves administration. so the move will quote, better stabilize domestic market, supply and demand effectively guarantee the countries energy security. but how does it stand to impact tensions worldwide? joining us out to discuss it, david macalucio of mckelvey, any financial group now david, how does this surprise move from china stand to impact the oil markets overall right now? well, today's move is not all that dramatic time will tell if this choice serv tips the scales and begins a longer period of lower pricing for crude. and of course, the total quantity that's released will be relevant, the reality of higher input prices and the impact of higher consumer prices is very concerning. not only the chinese government, but governments all over the world at the u. s. for instance, has tried to strong arm opec to bring prices down to leading political pressure

arising from us or at voters. negative economic experience. and the same pressure is emerging in europe. european bond market has been signaling that the sep will lighten up on q e because we're seeing some inflation pressures there and people don't like it. so the real factor in the equation is inflation. inflation is defining the political conversation and the knock on effect is that monetary policy and other policy choices are impacted. so in the case of china, it shows well to a domestic audience that the government will do what it can on the cost front. but opec in your primary producers will still determine the international pricing crude . if the chinese want to bring crude prices down in earnest, then perhaps we see a new wave of coven or some strands that hasn't been encountered yet. and that certainly from it demand perspective could be very impactful. i want to kind of stick with china here for minute because they are the world's largest importer of crude oil. and it does,

they generally don't make it strategic petroleum reserve public and rarely gives the world insight into how much the country actually had. is any of this assigned that the tide might be changing, and why are we seeing this from china directly right now, outside of the inflationary discussion, just had their here, this is really key. i think china's release of petroleum could very well be an expression to the domestic audience that we are doing what we can. and frankly, if it doesn't work, if it doesn't really move the needle, i think we've been in the west in a variety of ways. so china has a series of opportunities and quite a few challenges. presently, one of the obvious opportunities here in recent weeks from an international perspective is to quickly fill the void, the u. s. left, chattering, the chinese moving into the bathroom air force bases is just one example of that very intriguing that domestically there. recalibrating. and there removing certain aspects of the market economy, which are very common and express from 978 to 2020 in that period. next year would

have been using things transition out of power. he's remove the competition from the pull it bureau, he's established unlimited terms for his leadership, and i think it's fair to keep the old expiration date for the 2nd term. that is 2022 in mind. when judging any of the parties, actions done a clean sweep to the military. he's in the process of reducing power in the business community with regulations, with board seats and strategic stakes with publicly traded companies. and soros has recently said, there is a version of mouth which is returning to china and the capital markets have no idea what a surprise that will be. so again, i think it's worth mentioning some of these contexts, real issues. you've got major credit, credit issues, which we've discussed on this program before, but, but again, p, p i. so the tide there are changing as you suggest p, p i the, one of the measures for inflation 9.5 percent higher compared to last august. inflation is a sensitive issue for chinese people. you've got several $100000000.00 people

living on less than $154.00 a month. so china's release of petroleum again could very well be an expression meant for that domestic audience. we're doing what we can and again, if it doesn't work, then we move to the game. well, i know here in the united, if we know a thing or 2 about rising inflation right now, and i want to bring the conversation over to what we're looking at here. you know, we've heard complaints from top oil companies here in the u. s. in response to president biden's calls for opec plus to increase output. now they're questioning why the administration is calling for an increase in foreign oil production rather than domestic. what do you make of that? yet, u. s. domestic politics is both unreasonable and unkind. so if i say anything, somebody's sure to hate me. so here i go. ratings to the current administration are in decline for a variety of reasons, but inflation is a fact which consumers face on a daily basis in the grocery stores at the gas pumps. so pressuring,

opec if successful, gets you the equivalent of attack rate, you pay less of the pump, you have more to spend on what you want your currying favor with voters. you don't ask for domestic production to increase because it betrays your green constituents and those who want to end the use of fossil fuels domestically. so instead you have opec move the needle for you relieving economic pressure and you get to keep your e s g. that is your environmental social governance credentials. you keep them intact. i think that's what the administration wants all great inside. as always, we're gonna have to leave it right there. david mckelvey, of mac, or any financial. thank you so much for your time. thank you. and social media years in the united states and united kingdom are spending more time on tick tock than youtube, according to a new report for monitoring firm app. annie, now there is a lot of data to suss out here. first of all, take packets depressed youtube, in average time spent on the app per user. of course, the google owned

a video platform both an estimated 2000000000 monthly users, while numbers from last year show tick tock. only average is about 700000000 users monthly. now the report from app and also only accounts for those using android devices, while worldwide android is the most popular mobile operating system. apple devices are still more widely used in the 2 countries that are, we've seen tick tock surpass google or youtube. youtube massive number of users mean over all time spent on the platform still far exceeds that of tick tock. okay, now i know you're not on tick tock. however, it is interesting to see how it is. it seems like it has gained even more popularity with all of the government officials that seem to be going against it. right? well, if you feel like the idea that teenagers seem to be the most likely to use tick tock, i'm generalizing there of course. but. 2 when the government, when your parent, when anybody says, hey, you shouldn't be using that because it's bad for you. what are you to do to go

check it out? and i think a lot of people went and checked it out. they actually had, there was the most downloaded app worldwide since 2020 take that has and look, i'm scroll, do tick tock a couple of times it is very addicting. you go one thing to the next. so it's definitely understandable, but still with the giant user base of youtube and the fact that you know, people might watch a little bit more sporadically because they're not sitting on it as long as say, a tick tock. it's going to be hard to say whether they could actually surpass youtube totally with users one day. that's true, that's true especially. and then you've got all the government officials warning against it that makes kids want to run towards it. and so it will be interesting to see if those numbers keep changing time, not very quick break, but when we come back, pilots from american airlines are planning to approach us. after months of over scheduling and working conditions that they say violate us labor law, straight ahead will bring you an insider's perspective on the planned action. and as we go to break your, the numbers out the clothes shoes

. ah ah ah ah, the service claim i a whole set of different rules. it's going to force us in your words to get mean 30 nasty in order to take them. all right, we'll use all tools at our disposal to do so. my name is monarch, medi, i'm the head of a family member can come up and killed our children and we will never forgive them for leave this place a bit. am i what the united states was doing, and they were bringing people to this torture afghans ordering africa and abusing

them outside of the law and, and allowing some of them to go back home. and they would go home and tell people what the americans did. we not look at it, it was a pointless exercise having alternate realities to experience or even live in like a world war. does my idea, you know, especially during the panoramic where you can go anywhere in the game world, you know, everywhere. choose the game that you want. any open roll game, choose it, and you are now on a vacation in a place where you're like flying helicopters or you're, you're on beaches, you're, you're in a city drive, you know, whatever you want. you name it these, these are getaways on drugs started as a way to combat a great problem. what's the wonder? it's part of the attitude of the nation, not just of north dakota,

and it got to be something that you could get elected. this time, the fight against drugs took a check. he told us that and there was a competence short form. this is way too dangerous for him to be doing. clearly they put him in harm's way. a rural college student does interest get shot in the head and found in a river like that. something else had to be happening. the welcome back. the labor union representing pilots for american airlines, said it plans to picket at major hub this fall to protest working conditions which have resulted in fatigue. now the major issues stem from over scheduling and a lack of hotel for cruise that happened over the summer travel sees it. and this isn't the 1st time we've heard these complaints. either. unions in the airline

industry have been critical of management as carriers push to keep up with demand and make up for losses during the travel swamp. due to the coven, 1900 pandemic. the allied pilots association which represents american $15000.00 pilots and is in the middle of a contract negotiation with the airline, says it is planning to pick it at carriers hub in miami, dallas, fort worth, and other cities in coming weeks will joining us now to discuss the situation is captain dennis pager is the communication committee chairman of the allied pilots association and it's a regular here on boom. but now cab details are what exactly are the issues at hand here? and how is the union hoping american will respond? we're hoping that management will change their scheduling practices. we've seen a summer that has been unlike anything we've seen great for the recovery, but unfortunately management wasn't prepared to handle the effect uniquely american . it pulled down their schedule because they just couldn't connect the pilots to

the airplane, especially after a weather of that. it took american days to recover from a weather event where normally you're back up and running and a handful of hours. that was just do their lack of planning, having a power train and then the techniques that they use the scheduling practices. so what we are hoping for, what this is about right now. well, we're speaking from they're still kind of the heat of the summer is still here. we're looking at the larger than the summer spectrum and where we were at the early and that was how are you going to get this done in the summer, where now we're asking, how are you going to get this done in a winter? if you don't change your behaviors, now we have solutions for this. but when they shows and management shows and to do is just make up the rules as they go along, which is a violation status quo. what you think a federal law when it comes to working agreements, but for our passengers, the most important thing is you spend your heart or money to get from a to be during the holiday season or

a business travel. you've got to have the contract fulfilled and have a crew there in an airplane. ready to roll the policy and been ready to summer management hasn't gotten the job done. so we're standing with our passengers. with these picking events, we're standing is advocate where passengers because people through the same thing are passengers do one place get cancelled. we want a reliable airline passengers method they deserve pay for. and we're going to need to that happens even if management is going to resist our solutions. we're going to palm on the table. we're going to walk on the street yard out saying, get it done, serve our passengers, and serve our investors who invest their money. and you know, it has been incredibly concerning. when you look at these complaints and you see that there is fatigue, that there's over scheduling conditions that these pilots are put in, especially as air travel picks up and there's more of a demand. so how big of a safety concern is this overall right now? well, here's the good when you hear about how to teach, you should think about,

well, i'm going to for her surgery, is my surgeon 50. you don't want that. but the good news is that the epic gives us the authority before every flight is kept. the 1st officer, we have to check off of the signature box, sign it up, we are to fly and we are forecasting our ability to focus on the flight. no matter how many hours on duty we have. so that's never going to change. but the fact that management is building schedules that be very little buffer is concerning to us. that's a narrowing of the, of the margin of safety. and it's also most importantly a narrow it causes like possibly be cancelled when i say that, hey, with all these events, this x amount of hours per day, the update has limits, even if i'm inside those limits. and i know i'm not going to be probably focus and aware and other words to see i have not to engage in next flight. that means that flight is likely to cancel or be very delayed. why would you decrease the offer to a point where 30 minutes makes a schedule fall apart?

commercial interests are not the reason why you have that. you're actually going to decrease your revenue and your reputation if you schedule. and that's what we're trying to get management to focus on, not just change the dollar toes, but to look long range and understand that this is really the best business plan. so we're going to get on there. but unfortunately, we have to take that getting events to get their attention, but we're going to be at the solution table ready to roll with, with answers before the snow for this snow poor this summer when it rained in court at american management was. ringback the reason that happened, so we're going to get this fixed, but we're starting early calculator, i'm sorry, i only have about 30 seconds left. but i wanted to ask you that why we're we seeing kind of the staffing shortages with it that so many people didn't come back after the pandemic. and there were people who were took early retirement or whatever might happen there. and they just didn't have those people trained that's it. that

was the 1st step. and then once they got to the train, they realized they didn't have the ability to connect this to all of these slides. so it's 2 fold. it always at the feet of management and there's the blame, but we are the solution. we can help you get out of this mess and i have this happen again in this important winter holiday travel season that a stager of the allied pilots association. thank you. so much for being a great resource. we'll continue following the story. thank you. and finally into the billionaires who just can't seem to get along. jeff bases and amazon have some choice words for you on mosque and space acts and a new filing with the federal communications commission that went a little something like this. amazon stated, quote, whether it is launching satellites with unlicensed antenna, launching rockets without approval building an unapproved launch tower, or reopening a factory in violation of a shelter in place order the conduct of space x and other must lead companies makes

their view. plain rules are for other people. ok, so clearly bases wasn't too fond of the claim made by musk that bases retired from amazon. so that he could pursue a full time career filing lawsuit against face ex, notably companies owned by bay. those are maintaining an average of one complaint against bass eggs every 16 days this year. the latest complaint takes aim at the plan by space x to expand its darling technology with the goal of adding thousands of satellites to deliver high speed internet across the planet. while bases is working on similar technology is estimated that his version won't be ready for use for at least a decade. while mosque already has over 100000 customers in 14 country. you would think that, you know, to the richest men in the world who at one point were one and to those would be the guys you could agree with those guys you could get along with. but that doesn't seem to be the case. but also you made a great point there at the end in this all

a little bit of sour grapes from bay. those it seems like his companies are lagging behind, proven technology from landmarks and space x. so is that where they are right now? yes, certainly seems to me that way and just kind of the back and forth. we have to remember jeff basis is the richest man man in the world. so it all comes back to him wanting to be 1st no matter what. and that's it for this time. you can catch boom bus on demand on the portable tv app available on smartphones and tablets through google play in the apple app store by searching for both tv. part of the tv can also be downloaded on samsung smart tv, roku devices or simply check it out a portable tv. well see you next time. mm. ah. for many of us, the end of the american war enough denison was inevitable. in the end, the conflict was more about a massive grip than about nation building and smart,

strategic thinking. still, bible says to us is done with we making foreign countries through the use of force . there is no reason to take the american president. i just work the way the u. s. government funded is through the issuance of treasury bond and they pay the interest on those bonds by collecting taxes who owns most of those bonds? virtually all those bonds, the top 110th of one percent. so the government simply becomes a pastor mechanism for people to pay money from their pockets through something called taxes that are just a thickly that hides the transgression mechanism of your money through the government into those who own these bond. september the 11th 2001 day that reshaped the modern world.

i remember watching the world trade center burn on a tv at the cia, and i was standing there like this just looking at it. and a colleague of mine was standing next to me and he said, my god, do they have any idea what they've done? we're going to kill everybody. now. everybody, the, the live locally to tv image is provoked the us into declaring its war on terror. they've begun to bomb afghan villages and holmes get or people hurt and, and killed the main goal of destroying terrorism and then was it achieved? yes. and no. ok to essentially no longer exists good for us. but there are certainly other terrorist groups that are worse than

the ahead of the anniversary of 911 ortiz been looking at the lasting impact of the us led war on terror. today we'll be hearing from a british army that are in about the devastating toll of the 20 year. again, conflict off to many people. the situation which we just gave up. one. also had the taliban unveils its new government for afghan. his dad, including a terrorist on the f, b i's most wanted live, but washington left with no other option that must cooperate with the incoming leadership.