game, well look at the rest, the 7 years try to record the the boom bus, the one business show you can't afford to mit number 24, and i'm or 2 a one. and then washington, coming up the popular encrypted messaging app telegram has played host to a rising wave of cyber tribes. that's according to a new investigation. just ahead, we'll look into the report and what it means to the platforms plus, as a labor shortage, continues to leave the united states, taking a specially harsh toll on smaller businesses, hard to fire tab, and here brings us

a report from inside the industry. and the depth paid over crypto currencies, gray area rages on sci fi, had gary again, is lobbying for control over the sector. later on we bring you analysis of the ongoing controversy. there's a lot to cover. let's 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's a 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 us just as 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 users flocked to it following the change in what that privacy policy tell us about that. yeah, essentially what they're claiming is that once, what's that put this new privacy policy in place for essentially they were going to share data, which by the way, this 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's called a criminal activity on telegram. so that part of the story doesn't make any sense at all. what they're claiming is 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, they're simply saying 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 it's 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, 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 is 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 more limited 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 encryption. but yes, it is true that these bad players are out there, and yes, it is true that telegram is doing what again to remove them just as facebook is doing what it can. we hope to remove bad players in twitter is doing what they can to remove that 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 every day, 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 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. it did not alter any of what we do know about what's out, 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 day that that's what they want to do with it. they're not talking about we need to in the, in the, into, in the encryption or we need to have fewer private 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 evasion of any organization or social network or social tool that actually provides power back to its user and protections. back to caesar is always going to come under fire. boom bus bents, one. thank you so much for the clarity in this story. things guess. as the initial effects of the coven 19 pandemic had begun to receive a fresh wave of labor shortages continuing to grip the united states and the industries that were heard 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 an industry wide problem there. currently we're 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 where normally for lunch we would be open and serve in a couple 100 guest. 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, close. and 2.5 mill and jobs were last are independent, make 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 restaurant reopen,

recruiting and hiring is proving to be a real challenge. so before the pan, well was open, how many days? a week, 7 days, a week, lunch and dinner branch on the weekend. so a little bit earlier. and now your hours, we're open wednesday through sunday brunch on the weekend, but 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. and 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 equities are mixed 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, 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 rushes, finance ministry proposing a mineral extraction, tax the roubles strengthen this week, hitting 13 month ties against the euro, while sitting near its 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 game to close things out on friday. 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 sound 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 weekends. 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 concerned 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 austria, but energy stocks 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 cobra. 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 games early on in the nation in some of its locked down restrictions, but data relief, mid week showed retail sales in the country contracts back in july by point 8 percent year over year falling 11.2 percent for the month prior. more evidence of the economic impacts of those deadly riots we talked about so much up in july. now let's go over to rachel for europe and the americans think french here. we start in the u. k, where the 30 is down. the next tech ahead on friday as the retail sector reported monthly losses, a point 9 percent when gained the point 5 percent were expected. the u. k. c. p. i

report also confirm the annual inflation jumped to 3.2 percent in august marking the largest increase ever recorded near by the german dax and the french tech 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 still believes the trend won't last for much longer and across the atlantic. in brazil is another red arrow for the ego vast 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 m p are all down for the week, while inflation fell slightly. the white house is now warning the u. s. could face in economic crisis in 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. the soaring 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 to get the chair is saying about the situation that we're going to break your number to call me i have often said transfer fee for the full privacy for the kids about privacy. what people care about is power. julian, a son just become a symbol of the battles of brevity, information is power. that's what's going on and

a huge struggle with governments and corporations who want to keep information secret and others who think democratic rights should be pushed forward. and people have a right to know what to do. watch houses help shift the conversation around transparency and 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 survive. ah, i use

job ocean was what it was to come in and try it and i was the 1st step would you to get there because there's something you would prevent them with the whole sudden level what's going on with the silver use? what i would like you once you do it, i'm sure it seems to me when

you've got the west point wind up with them. so will this was phillip peach coming from from the meals for carla still the same. i was given your logo to me as a senior on ones that was scheduled. ah, some proof of that, but are one why didn't take us to me in on i wish to live. kaiser's financial revival guy. i don't buy a guy. i'm a teacher's most of the friday at the last time i buy a cracker, watch kaiser, replacing 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 gansler, 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 dental 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 threatened to stabilize the current monitor system. so that's the real reason, not this facade of, oh, we're just trying to protect investors through better regulation and more oversight and more k y. see? no, america is 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 be 5. 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 at a casino or their regulations to how much you can gamble or play black jack. if they're kind of 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 walmart was going to accept like point 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 stable. but in the end, who would investigate that? now, when there is no regulatory environment, still it needs to be investigated. the stock market, rumors are, you know, they, they, they're ubiquitous. they gone all the time. i mean, like, who cares? some 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 if you would jump into this coin that claim, they take a risk, they lose their password, they lose their money. as christy 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 can 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 them 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 in involved and 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 bill ash and then 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 thing. 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 of bitcoin. he literally said in the same interview that bitcoin 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 acid. it's 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. and 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 coin. i doubt the u. s. can. now jeffrey, we've got about a minute left here, but we've got these wall 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? know what it was as chris, who said they're going to try to redefine things. really. everything is that,

you know, said that suddenly several kinds of become a security. and she's going to fight back is going to go on like this. mostly, this is all pets, least some sort of say, i mean the 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 the truly evil corp for releases that ran from red 1080. 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 pump and blow hard as them, but they're not gonna be able to control the finally control the pip. the world is too big, too powerful to innovative and the regulators are too stupid and parallel. sorry, and we can't, we can't see 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 is i think and that's it for the time you can

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i the pacific leg of are around the world expedition. 5000 miles round the clock in the dead calm, the national personal financial. every country close by the crew. gavin's food and water harbor. so good to check those for us also look literally little. i know i got everybody locked down or no food and no. what about that? only give them up. sure. somebody stuck up in the cove if you're

living like the semen of own, but in the 21st century. ah the ah ah, i am now convinced that as many as 2 civilians, including up the 7 children, were tragically killed in that troy. it was a mistake. and i alter my sincere apology. pay tell us general admit, said drone strike in capital love, love killed $10.00 civilians including 7 children. it happened right before the american military police took 3 weeks for washington to acknowledge stuff. incense after initially naming a tar written out. been had he speaks to the relative of the victims in our special project on the herd boy.