well, i think the bell tolling right behind us pass that key time thought is the 50 telling us it's time for us to go inside and warm up little bit, but it's good bye from the election h q for this hour. don't worry though, our team will be keeping you up today for the remaining 2 days. and of course we will also bring one important call to you by monday morning. that's it from us. daniel, who was asked if i thought back with you in call, but out of the news there said boom, but the one business show you can't afford to miss bridge the board and i'm ready to a one. and then washington, coming up the popular encrypted messaging app helen ground has play host to

a rising wave of cyber tribes. that's according to your investigation. just ahead, we'll look into the report and what it means to the platform was, as a labor shortage continues between the united states, taking especially partial on smaller businesses are used by a tab and her friends as a report from inside the industry. and the debate over crypto currencies, gray area rages on at 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. cleaning 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 though 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 criminals. 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 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, 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 for 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. so 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 find. there's somebody say i'm 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. what's 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 the 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 will limit crime. that's not true. that's a completely false argument. the reality is, is that that'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 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 and 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 their 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's 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, in the, in the encryption or we need to have fewer private the rules on what's app 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 they should of any organization or social network or social tool that actually provides power back to the user and protections back with the user is always going to come under fire, boom bus,

ben swan, thank you so much for the clarity in the story. things to us. as the initial effects of the cobra, 19 pandemic had begun to receive a fresh wave of labor shortages continue 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 restaurant, a landmark restaurant in 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 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 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 lost or 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 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, 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 debt 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 or frustration with the ever changing regulations. restaurant owners are not 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

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 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, which reset earlier in the week. as mining stocks took a hit due to russia, finance ministry proposing a mineral extraction, tax the roubles 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 game 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 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 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 they 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 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 coven 1900 pandemic, but could face a slower recovery as things move forward. and in south africa, the all share is down for the week. stock 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 impact of those deadly riots we talked about so much up in july. now

let's go over to rachel for europe and the america's thing french here. we start in the u. k, where the 30 is down. the next took ahead on friday as the retail sector reported monthly losses a point 9 percent. when gains a 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 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 vest, 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 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 p. 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. and so i'm 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's going to break your number of the me

i have often said transparency for the powerful receipt for the last bit cares about privacy. what people care about is power. juliana sons has become a symbol of the battles of brevity. information is power. that's what's going on, or 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 houses help 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, survive. the

war may have become the americans, but awarding the feet had become even one pocket. and one unfolded watershed moment . okay. down in history books as a market beginning of the end of american pre eminence. this is the end of america . i was what it says was in the middle from the the 1st step. would you be looking for something you would leave it with a cool got that's all the sudden never worked for

a walk soon with a sort of what you want to do. it seems to me when you've got the white one, when it's not working. so this was the piece come from the meals or kind of the same. i was giving you a sense global olga to me as a senior on one of was good to live with some coaches, but 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. 6 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. c 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 as discussing so host christy 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. i 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 sbc 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 investors through better regulation and more oversight and more k y c. no, america, it's 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 utility, you know, 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 they're 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. put interesting point there chris, the 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 space. so that has been

a blast for investors for 10 years. i mean, people jump into this coin that claim, they take a risk, they lose her password, they lose their money. as christy, they wisely pointed out, this is sort of part of freedom. it's part of how things function. and so the regulators are kind of trying to 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. and 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 them behave like bill fashioned and suzanne control. but the whole structure of crypto designed to evade all of 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 gave 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, 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? it's not backed by gold anymore. so what dahlia means that the us 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 tried to ban bitcoin and india tried to ban bitcoin. china has literally tried to ban bitcoin every single year 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. can. now, jeffrey, we've got about a minute left here, but we've got these 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 as chris who said,

they're going to try to redefine things. really. everything is, you know, 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 i'm sorry to 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 rare 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 finally control the crypt. the world is too big, too powerful to innovative and the regulators are too stupid and parallel. sorry, we can't, we keep saying then 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, that 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 wall. instead. miss wilson in every country close by. it was like the crew, gavin's food and warner forgot to go to shut off the little boy. little thing is got everybody locked down or almost no food? no. what about that? only? i'm not sure somebody stuck up in the cove it you're

living like the female of own but in the 21st century, i the welcome to the coverage of the 2021 in russian state tumor and action brought pier rooftop location. the best you in town, of course, so it will be keeping you updated on the latest. bring you up to speed on the background parties as was getting you analysis from august the in the studio and beyond that, how seen a busy day? not just for john to get an admiring this wonderful to you, but also to all of russia to say 2 of 3 and.