me ah, i will, i will pay, you know, we've moved on from just printing lots of money and incurring lots of dad for dom reasons to printing loss of money and incurring loss for extraordinarily dom reason the the, the, the the

best the boom. but the one business show you can't afford to mit bridge the board, and i'm of lemons in washington coming up the popular encrypted messaging app. hello graham has play host to a writing wave of cyber trot. that's according to a new investigation. just ahead, we'll look into the report and what it means for the platforms plus as a labor shortage continues between the united states, taking especially partial on smaller businesses are cya tab. and here it brings us a report from inside the industry. and it's been paid over crypto currency, gray area rages on sci fi. had gary again, lar, is lobbying for control over the sector. later on we bring you analysis of the ongoing controversy. there's a lot to cover. what get started,

we leave the program with a new report out of the financial times claiming cyber criminals have been using instant messaging app telegram for years. because it's encrypted and easy to access . telegram has quickly become one of the 10 most popular apps worldwide boasting more than 500000000 monthly active users. that the 150 percent increase since 2018. now, according to a recent investigation conducted by the financial times and cyber intelligence group, cyber and there has been a 100 percent plus rise in telegram usage by cyber criminal. so what exactly is happening on telegram and how is the company responding? well, joining disgust is room, but co host an investigative journalist, ben swan. now ben, according to the financial times, the rise and criminal activity on the app came after use, it's blocked to it. following the change in what that privacy policy tell us about that? yeah,

essentially what they're claiming is that once once i put this new privacy policy in place for essentially they were going to share data, which by the way that doesn't make sense at all, they're going to share data from businesses with other businesses in order for there to be more selling of consumer products and advertising to what's up because of that, there was a huge search of people who left what they could conduct criminal activity on telegrams. so that part of the story doesn't make any sense at all. what they're claiming is this, that there are thousands of groups that are on telegram right now. and that those groups are essentially, instead of using the dark web, which is harder to navigate harder to 5, there's somebody sitting groups on telegram because it's into in encrypted and they're able to sell for instance, stolen credit card numbers or email passwords or gaming passwords were examples that they gave was fascinating about this though, it looks just be honest here. i mean, this is the nature of social media in general. well, this report doesn't talk about is the other property owned by what's out owner, facebook, facebook itself,

facebook groups. there are been reports from nonprofits that there are literally tens of thousands of facebook groups that involve themselves with elicit drug smuggling with human smuggling. in fact, there are groups that actually provide a video of successful border crossings of the prices that they charge, teaching people how to do this and essentially selling their ability to transport people illegally across the border. those groups exist on facebook, so it's not so much i think, a telegram problem, as it is a social media problem. it's the reality of social media. but if you read the articles they want to pretend it's only telegram was having this issue, right? it's interesting how they don't really want to talk about facebook, especially on a week when we've already been talking about facebook and all of the issues that it has that have come up just recently. ok, so telegram has responded by saying remove the channel where this massive data set of email and password. com, those was being sold after financial times notify the company. but is that enough? well, it's, it's, i don't know if it's enough. all you can do is remove them. the telegram says that

they say right now that they are removing 10000 groups a day every day from their platform that are involved in some kind of elicit behavior. i believe that's true. is that a problem? of course it's a problem, but the reality is that it's not a problem because of encryption. so the problem that i see when, when we see groups that come out of the financial times, right, conducting their investigation, to find out what the problem with telegram is, their conclusion is always the same into, in the encryption and privacy is the problem, eliminate privacy and will eliminate crime? that's not true. that's a completely false argument. the reality is, is that it's not going to go away simply because you remove into in the encryption . but yes, it is true that these bad players are out there, and yes, it is true that telegram is doing what it can to remove them. just as facebook is doing what it can. we hope to remove bad players in twitter is doing what it can to remove bad players. it happens across the social media space. but the, the idea,

the concept that floated out there that this is all the result of privacy, i think is a false one. well, right, and if you know, like you said, i guess if there end goal is the idea that telegram shouldn't have end to end encryption anymore. look, there are other apps with end to end encryption. so the cyber criminals will just go elsewhere, right? oh, absolutely. or they'll create their own, i mean, the, the reality is, is that there's always going to be groups that come out and create this, the technology already exists. and by the way, if we're going to be honest about what's app, what's app change in policy didn't get rid of any of this. they did not alternately, but what we do know about what's app is that they're constantly monitoring messages when they say that they're not. but we don't know about what's app is whether or not it's cracking down on these groups all facebook. it admits that it wants to do with what that is. so advertising and sell data, that's what they want to do with it. they're not talking about we need to in the, in the, in the, in the encryption or we need to have fewer pride. the rules on what's up in order

to get rid of bad actors. that's never been facebook's claim. they claim they need to do it to make money. and so again, i don't think that this is the solution, but it's always going to be the demon as nation of any organization or social network or social tool that actually provides power back to its user and protections back to what caesar is always gonna come under fire boom bus been swan . thank you so much for the clarity in the story. things guess. as the initial effects of the coven 19 pandemic had begun to receive a fresh wave of labor shortages continue to grip the united states. and the industries that were hurt the most by historic locked downs continue to be impacted r. t. cya cavender has the story from right here in washington dc. i'm a union market dcs. hipaa, who's been ground. and i'm standing at bidwell, a restaurant, a landmark restaurant, and washington dc. now, year and a half after the pandemic. these chairs would be packed with customers. well,

that's not the case because restaurants like bidwell are facing a major staff shortage. i sat down with a shaft, john mooney, and this is what he have to say. i'm here every day over the clothes. i'm obviously active in the community. it's been my whole life. so i mean, i speak to the restaurant owners, other ships, and i have no idea where the staff is, but i mean, i'm in the same boat as everybody i speak to. so it's, it's a industry wide problem. the curren labor crunch is widespread, affecting many industries dim their lights during the pandemic and are now struggling to turn them back on from warehousing to trucking to hospitality. the shortage is rippling through the economy, causing supply chain bottlenecks and driving up costs that are preventing many sectors from fully recovering. but it's particularly pronounced at restaurants, which are short on chefs washers and wait staff. here we are in an empty dining

room and normally for lunch we would be open and serve in a couple 100 guests. but this, this year because of our staff shortage, both with us workers but also workers from overseas. we've, we can't fill the demand according to the national restaurant association, about 800000 restaurants, clothes, and 2.5 mill and jobs were last are independent mac in march and april of this year . just as the pandemic was easing, just as restaurants were getting back to full service again, another 1300000 people left jobs in hotels, bars and restaurants. and now as some restaurants reopen, recruiting and hiring is proving to be a real challenge. so before the pandemic very well was open, how many days a week, 7 days, a week, lunch and dinner brunch on the weekend. so a little bit earlier and now your hours we're open wednesday through sunday brunch

on the weekend. we're close monday and tuesday, but no lunch. why is that? i can't staff it. i'm honestly trying to be as open minded and creative as possible to try to stay alive. my. my bill and my deck just keeps increasing. it's a little bit hopeless to tell you the truth. i remain positive, but i don't have, i have no other way to be according to the online hiring portal. indeed, the majority of restaurant workers have shifted to industries that were growing during the pandemic. like home delivery services or even started their own companies, others have become wary of going back to work out of health concerns burn out of frustration with the ever changing regulations. restaurant owners are now having to react to this shift in part because it's unclear whether it is new reality is just a summer blip or will disappear now that the expanded employment benefits expired

in september or is here to stay. in the meantime, restaurant owners are hanging on a thread, although some are remaining optimistic slowly but surely will recover. we, we always do side have inger r t global equity is our mix for the week as investors keep an eye on a whole host of new data and economic policies. we start in russia with a green arrow for the mo x, the index gained about a 3rd of a percent for the week with fridays losses. the moscow exchange is about one percent below all time high, which reset earlier in the week. as mining stocks took a hit due to russia, the finance ministry proposing a mineral extraction tax the rubles strengthen this week. hitting 13 month highs against the euro while sitting near the strongest position against the dollar since june of this year. moving to asian market, the shanghai composite is down more than 2 percent for the week,

despite meagre gains to close things out on friday. the data earlier in the week showed economic growth in china will likely flow into the 2nd half of 2021. china has submitted an application to join the comprehensive and progressive agreement for transport. civic partnership, which has been signed by 11 countries, including australia, canada, and japan, japanese officials said they will review the application to see if the nation meets the quote extremely high standards of the pack. there is another red arrow for the hang found in hong kong, while the index gained more than one percent on friday. the story is still about china ever grand group. one of the world's most indebted companies, which last more than 28 percent this week alone, the hung sound as a whole lot, fairly 4 percent on the week as the chinese cracked out on tech companies and now casinos weighs on sentiment. we have a green arrow for the new k in japan, which is up less than half a percent for the weak. parents are gains in exports again as they rose 26.2 percent in august compared to the your private prior economists had expected growth

of as much as 34 percent of the supply chain issues are raising concerns that the export heavy economy may feel that pressure, let's move to india, where the centex is up by more than one and a half percent. indian shares once again touched all time record high on friday, the banking sector. substantial gains to close out the week after nation's finance minister laid out the details for the creation of a bad bank for context. here a bad bank is a set the set up to buy bad loads that other problematic holding of other financial institutions. in australia, the assets 200 is black for the week. it looked like we would have a red arrow in our failure, but energy stack moved in line with oil prices on friday. new data released by the cd this week showed australia's economy fair, better than many developed nations. amid the coven 1900 pandemic, but could face a slower recovery as things move forward. and in south africa,

the all share is down for the weak stocks. had some gains early on in the nation, ease some of its locked down restrictions, but data relief mid week showed retail sales in the country contract and back in july by point 8 percent year over year falling 11.2 percent for the month prior. more evidence of the economic impact of those deadly riots we talked about so much up in july. now let's go over to rachel for europe and the americans. thanks friend . here we start in the u. k, where the 30 is down. the next target had on friday as the retail sector reported monthly losses, a point 9 percent. when gained a point 5 percent were expected. the u. k. c. p. i report also confirm annual inflation jump to 3.2 percent in august, marking the largest increase ever recorded near by the german dax and the french tac are both in the read. the block is facing similar struggles as inflation hit. 3 percent marking a tenure high in august with the soaring rate largely carried by energy stocks. the

european central bank is already saying it's still believes the trend won't last for much longer and across the atlantic in brazil is another red arrow for the bo vesa, which fell around 2.5 percent for the week. the country central bank confirmed that revised number show the recovery slowed less than expected in july and brazil raised inflation expectations for both this year. and next year over in mexico, it's a green arrow for the b n v. while the country's economy expanded by 6.8 percent in august, it is now facing a growing crisis as more than $10000.00 migrants have gathered at the northern border seeking asylum in the us. it's also estimated that more than 28 percent of mexico's oil output remains offline. following hurricane ida and here in the united states, the dow, the nasdaq, and the s n p are all down for the week, while inflation fell slightly. the white house is now warning the u. s. could face an economic crisis if congress doesn't come to an agreement and raise that $20.00

trillion dollar federal debt limit before the end of this month. and finally in canada, the t s. x is in the red country, saw annual inflation hit 4 point one percent in august, marking its highest level in 18 years. this or in prices have become a topic of debate as opposition figures to criticize prime minister justice trudeau and his party ahead of the upcoming federal action on monday. moving into next week, we will continue to keep an eye on the ongoing supply shortage worldwide and its impact on the global recovery time. now for a quick break, but when we come back, could we soon see regulatory movement in the crypto space in the us? we'll take a look at what the fcc a chair is saying about the situation that we're going to break here numbers of the me

i have often said transfer for the household for the palace, cares about privacy. what people care about is power. juliana sons is become a symbol of the battles of brevity. information is power. that's what's going on. a huge struggle with governments and corporations who want to keep information secret and others who democratic rights should be pushed forward. and people have a right to know what to do. watch how it sounds helped to shift the conversation around transparency. see what that battle has done. to him,

i feel like julian's life might be coming to an end. we are in a conflict situation with the largest and most powerful employer in such a situation. it's remarkable to survive all the time. what it says i'm also in the middle. so i the, the person who would you like something you would treat them with the whole sudden level or it was for what fin the but only the film is what i would like you to do it, but i'm sure it's commuter. some of them

went, you've got the west, wind for them, so we'll just show, teach them from the means of the same ones, giving us a logo slate. to bring me as a senior on one of the schedules the john coaches. what are one? why do you think that us them, i mean, on that we still live the welcome back. the question of when and how the us government plan through regulate

the world of crypto was a major topic on capitol hill this week. as securities and exchange commission chairman gary dangler testified before the senate banking committee. the fcc is under pressure to introduce some kind of regulation from both sides of the aisle with democrats and republicans uniting on the claim that the government needs to act in order to protect investors. but the agency has yet to say exactly what it plans to do with denzel are often referring to the crypto space as the wild, wild west, and essentially telling lawmakers we're working on it. and it's the threat of what the government could do that has many concern that it could have a significant impact on crypto users across the country. so joining us now to discuss, so host chris b. i and jeffrey tucker, president of the brownstone institute. christy, let's start with you here. so crypto currencies have skyrocketed in popularity over the last year. and lawmakers have spent the entire time talking about how they want

regulation. so why do you think we keep hearing the same general statements from the fcc? isn't just a lack of direction here. it is a like a direction because of greed. they're greedy for american innovation and continued dominance in tech in what is clearly going to be the next frontier and then tech and payment. but then on the other hand, also greedy for power and control to control this new technology that threatens the existence of their current infrastructure. but if they control it, then they'll be know innovation. if there is just free wild wild was innovation, then it threatens to stabilize the current monetary system. so that's the real reason, not this facade of, oh, we're just trying to protect him. but through better regulation and more oversight and more k y c. no, america was founded on speculation and capitalism. and now you want to just get rid of that very foundation. no, because i'll be super hypocritical. so they're trying to not overstep here. and while yet part of that reason might be that they don't want to stifle this

innovation at all. but i think the other half of it is that they don't know how to regulate it. it's almost like a game of cat and mouse, where the creation of crypto currency is basically the tool that allows the people to sidestep the authorities. no matter how they try to come down on you. you want to say that these are security as well. we'll give these token, so utility and now the utility token. you want to get k y fi on all the centralized exchanges. ok, let's abandon all the centralized exchanges and move over to defy. because at the end of the day, if a person who wants to make an investment, speculate take a risk to earn money, you let them, you don't put more rules and hurdles in front of them, because then that's just trying to take back power. it's not about protecting the consumer because there's a similar to gambling casino or their regulations to how much you can gamble or play black jack. if they're trying to protect consumers, why don't they protect those consumers? some people play blackjack without knowing basic strategy and lose all their money . so we gotta have regulation in place saying that those people are not allowed to

play blackjack because they're not accredited. investors sort interesting point. they're kristi or jeffrey. the argument from the crypto community is that the government is trying to regulated industry that was never meant to be regulated, but i want to play devil's advocate here for just a 2nd because we covered the story earlier this week about wal mart in light coin essentially somebody issued a fake press release saying, wal mart was going to accept light coin cause of the token to essentially rave, 25 percent in a single day before anybody realize, oh wait, this is a fake. everybody cleared it up and then of course in stabilize. but in the end, who would investigate that? now, when there is no regulatory environment, still it needs to be investigated. kind of stock market, rumors are, you know, they, they, they're ubiquitous. they gone all the time. i mean, like, who cares? some fake press release. it's all just fun. i mean that's part of the, the thing that the government misses about the crypto spaces that has been

a blast for investors for 10 years. i mean, people jump into this coin that claim and take a risk. they lose their passwords, they lose their money. as christie, ne, wisely pointed out, this is sort of part of freedom. it's part of how things function. and so the regulators are kind of kind of put a damper on all this stuff. the can't really do it. ultimately, all they could do is go after the exchanges themselves, the very few exchange that actually survive the 20132014 regulation. so they're going to be going to squeeze him harder and, and they're going to have to hire more compliance officers. but, you know, the crypto space is one of the bright spots of the american economy. right now. the fastest growing companies are all involved in crypto and as christy also pointed out that they're, they're kind of confused. regulators don't want to crush the industry, but they want to make it behave like the old fashioned and suzanne control. but the whole structure of crypto is designed to evade all those restrictions,

and they're going to have a very difficult time doing that. and now, christie, we also heard this week from ray dalio, the founder of the world's largest hedge fund. he said that if big coin gained too much, mainstream success, us regulators will take control think they have ways of killing it. that sound ominous, of course. but what do you think he means by that? and is that the fear? no, i don't think so. re dahlia. isn't a true crypto hobbler? yes, he's an investor. he owns quite an investment, and a lot of it puts significant capital into it. but now he's not a hobbler, as he doesn't understand the technology or the true purpose. a bit coin. he literally said in the same interview, that bit coin has no intrinsic value. so that statement alone shows how little he understands about bitcoin, because bic, with intrinsic value, is the value derived from the control. it gives the users to own the asset, its non confiscated bowl has unprecedented levels of financial freedom and as

censorship resistant, what is the and what is the intrinsic value of the us dollar not backed by gold anymore. so what dahlia means that the u. s. will try to take control of it or attempt to i think it's always about a potential risk. but pass precedent has shown all of us that these attempts have failed. because i mean how many times of china try to ban bitcoin and india try to ban bitcoin. china has literally tried to ban bitcoin every single year. in in 2017 . they actually managed to create a big shakeout, but every time bitcoin has recovered and the ironic thing is that china has more big coin users now than ever after every single attempt to ban it. so china with their overreaching arm and consumer surveillance cannot defeat pick wine. i doubt the u. s. ken. now jeffrey, we've got about a minute left here, but we've got the law makers calling for more regulation. do you see the fcc actually trying to do something within the next year and how do you see it impact encrypted users? not what it was. as chris, who said they're going to try to redefine things. really. everything is, you know,

suddenly several kinds of become a security into going to fight back is going to go on like that's mostly this is all pets. least some sort of say, i mean by the ministration just yesterday or maybe this morning went on about how they're going to crack down on ransomware. and on this russian company called that truly evil corp, for true leases that ran from red thing called eighty's. so the whole thing is trying to stream like a james bond movie, but that they just don't have the power to control the world. i'm sorry to say a lot of this is a lot of pomp and blow hard as them. but they're not going to be able to control the find the control the, the world is too big, too powerful, too innovative. and the regulators are too stupid and powerless. sorry, and we can't, we can't change them making the same statements. but you always wonder, are they going to finally be able to catch up while it doesn't seem that way just yet, jeffrey tucker and christy, i think you both for your time and insight 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 and the apple app store by searching portable tv. portable tv can also be downloaded on samsung, smart tv, and roku devices, or simply check it out portable dot tv. well see you next. me i the

me the pacific lag around the world expedition by 1000 miles round the clock of the dead calm. the national personal financial, every country, close by the crew. gavin's food and water harbor to go to chest those little i know i got everybody locked down or no more, no food and no water. but really, you know, i'm not sure somebody either stuck a speech in the coven, your living like the theme at home. but in the 21st century,

ah ah ah, i am now convinced that as many as 10 civilians, including up to 7 children, were tragically killed in. that's right, it was a mistake. and i offer my sincere apology. a chop us general admit, said drone strike in cabal last month killed hen civilians including 7 children. it happened right before the american military police took 3 weeks for washington to acknowledge stuff. incidents after initially claiming a terrorists had been, had to speak to the relatives of the victim in our special project.