slash its growth projections for the international community. supply chain issues continue to rattle. markets straight ahead. we're going to bring you the latest figures and what it means for the world economy. plus southwest airlines is experiencing a 5th straight day of cancellations that have left thousands of passengers stranded across the country. what is really going on here? we're gonna have a full report on the latest. then william shatner's, long awaited trip to faith is right around the corner for the scots, the upcoming blue origin launch. and would it mean for the future space travel? we have a lot to cover today, so let's get started. so let's begin. let's begin right here with big coin it is on the rise again. in fact, the last 2 weeks have been very good for big coin pushing the world's largest crypto currency back to its highest point since may of this year. the crypto last traded more than 3 percent higher at 57530 after hitting as high as 57740. if you're keeping score and you should be, that's only 12 percent away from it's all time high of $65000.00

a coin. so what is fueling this rise? and how far is it going to go bring and do bus co host and crypto analyst slash enthusiast, christie? i christie. good to have you hear? a lot of this comes amid these increasing hopes and expectations that a big going futures. e t f could soon be approved. if that happens, 1st of all, what kind of effect would it have? and will it happen? do you think it's going to happen? i am part of this appreciative certainly has to do with the e t f. although i think we give it way too much credit, there are expectations that a big when futures e t could be approved soon, but we've heard that line about a 100 times in the past 2 years. but look how far the industry has come without having an 80 as actually being approved. i think the main part of the coins appreciation actually has to do with the increasing concerns about inflation. in more than transitory, we have food prices at peak levels. oil topping $8.00, so that's really hitting consumers. so investors are starting to look back to the original peal of bitcoin, which is a store of value and something that is independent to the winds of any central bank

. and interestingly to note, while gold was previously the defacto store value, as not the case anymore big when and golds one year correlation has been dropping to a point where it's about to turn negative, which means of 2 are no longer correlated. so the base line is now the preferred inflation hedge, if the dollar and real rates are rising. so with all that said, i think and it will be significant. and that's what the big institutions have been demanding for the past couple of years to make a purchase is a big one easier. it's ways to go through an e t at them to actually purchase it individually through an otc broker. but they've been waiting for this many years, so most likely, all the institutional who work got tired of waiting. and they've already jumped on board because the more they way down the sideline, the more they lost out. so i think you'll be a great positive catalyst. but real impact wise, i think you'll be a minimum because everybody who would be in viet e t f is already in. now there have been a lot of questions about what the rest government is going to do in terms of

regulation. and we're now hearing from the federal reserve that it has no plans to push for the manning of bitcoin. is that helping to fuel this price run that we're seeing as well? absolutely, there's been a lot of negative sentiment surrounding decline with the impending regulation and china banding it again. but these comments on the fcc seemed to have enfolded investor. so the institutional investors have been provided with some level of comfort now, because regulatory uncertainty is what's in keeping them out of the market. and when you're a big hedge fund, you're not as nimble as an average retail trader, so they have to be more risk adverse when it comes to dealing with crypto. but these common seem to have cleared a path temporary, so you see institutional playing catch up again by hand over fist within the last few days these last couple days we seen the spot market price at that point. jump as much as 3.5 percent within a 5 minute window, which shows that there are some pretty big spots here. and also the technical

patterns for trader. they're lining airy nicely for another strong bowl. and with a pointed eat in e theory, him back in the spotlight, all points are kind of taking a back seat and a bit of a breather as momentum is now with the institutional, and they move as a heard with the big names. so they'll only be focused on the large caps and so most likely other names to benefit will be things like 80, a lunar avalanche, felina, etc. yeah, i think we're going to see a big boy around here coming up shortly. but jamie diamond, i got to ask you about this, of course, the ceo of jp morgan chase. he said on monday at a conference the crypto currencies will be regulated by governments of that he personally thinks that big coin is worthless. here's the thing, my jamie diamond and you know his christie. i have he's, he's always talking about it. he hates crypto that he likes crypto. he hates big coin. now he likes been going, is a time for him just to go away and say out of the conversation, why is anyone even talking to him about this? i answer that i think you're right. he's part of the old guard and he's being completely hypocritical. here he called it

a fraud saying that is completely worthless, while at the same time, j. p. morgan giving their wealth management clients access to crypto funds. so if your own bank is pushing what you dean fraudulent investment product, then that's not really fulfilling your like fiduciary duty as the ceo of an investment bank. so i think that's kind of like the pot calling the kettle black at this point. and on the other hand, it also shows how irrelevant he is because a common like that from a p morgan or goldman sachs, the head of these banks, no less would normally rec, haneke on whatever name that they're talking about. whether it's a stock photo commodity investment, but now they point really doesn't care. the market doesn't care about these comments. it's just rally no matter what. because the before you go, how about a minute left? i want to ask you real quick about some of these kind of, you know, become mean stocks, but that will, how does the social criptos like ship, right? which right now, if you're on tick tock, you're on instagram and you're, you're flipping through there, you're seen ship an awful lot right now. and there's a big push right now to get it pumped up. the thing that makes me nervous about

those criptos always is that there are a few whales that control so much of that space. and they can literally buy and sell you into nothing in a very short amount of time. what are you expecting for that new thing ship is about to take off, or is it gonna end up being like those were some people get hurt because they get into late. it is going to be exactly like die because she but it was created in order to become a cheaper version of dice because those at that point was too expensive. and i think absolute, right? these mean things are going to exist, no matter if we're talking about stock or crypto. they exist for the fun of it. and unfortunately, a lot of people don't know and they get caught up in fomo and they kind of get caught up in high. and yes, it's true. some people made a lot of money and does she keep on hearing the stories? people make $23400000.00 and dos with this and of a couple. but then what you don't hear about are the people who lost the same amount because let's not forget, this is kind of a 0 sum game. if someone wins someone else is losing. so the same thing gonna happen here is she let you know, it was created to be a joke and it was intended to be

a joke. but unfortunately with these very popular mean and these height driven things, i social media and things like robin hood, social media training, these things, they just dr. high and as heard mentality. and that's what makes the c o 2 point where it just doesn't make sense. and those bubbles just never last long. so important more you said in order for someone to when someone else has to lose rubles christie. i, thanks so much. you can, let's go now to the latest forecast for the global recovery from the international monetary fund. this includes new warnings about how ongoing supply chain disruptions are taking a toll on even the richest countries in the world and the projections for the growth we will see this year, which had taken a hint as a result. gilbert recovery continues, but the momentum has weakened, hobbled by the pandemic. we have a slight downward revision for global growth of the caea to 5.9 percent. we seen major supply disruptions around the world that are also feeding inflationary

pressures, which are quite high. and financial risk taking also is increasing, which poses an additional risk to the outlook. now i left didn't single out the u. s. or the federal reserve, but it's report did warn about certain central banks that may need to start pulling back on their easy money policies to get ahead of price pressures, even if that delays the employment recovery to joining us now to discuss the later . and the seo of openness l. l. c. now are tabio, the iron that didn't had their forecast by much, but they did admit that it is likely to be less than previously expected. so what do you make at the latest report? i think they slashed the full cost of the station. nothing but they reduced the focus from 6.0 percent to 5.9 percent, which is hard in slashing. i think that's within the margin of error for full cost, like however, if you go deeper they did reduce the full cost of the us quite substantially. so

they would use us for us from 7 am to 6 percent. and as you need to report this interest and see what they were using, was it basically pointed out the term bike was having difficulty. pushing is $3.00 trillion dollars spending bill through congress. and they're quite fresh on that because just today basically thrown in town that we're gonna have to pay for smaller number. and the base he said that that is going to reduce growth in the us . so i think more than anything else, what you see, that is sort of the, i miss political alignment, political leanings bought anything else, they sort of in the mold of spending more taxing more. and that's going to help economy grow. and that really is more that were came out of that report than anything else to me. i saw the, the i m f is also arguing a certain countries kind of pull back as rachel mentioned on those easy money policies, even if it hurts employment recovery, or how much of that message is targeted to a country like the u. s. and does employment seem to be what the fed is worried about right now? well, i think that message, i mean, certainly could be talked to the fed, that you could say exactly the same thing about the european central bank about the

bank at pan, about the bank of england. the one notable accepts exception, perhaps amongst a large central banks is the people bank of china has been very rest about the gas purchases and, and sort of using as in the case, always in the past and trying to go this route for some reason. the holding back on that sort of criticizing of central banks. so that critique from 9 it could apply certainly to any one of the central banks. i think it applies to the fed meeting between the cracks. and so i think that's where we stand, that there's some stop saying, well, inflation is getting out control the central bank seem to step in and do something you ask about how concerned is the fed about employment and things like that. it seems to me that the fed is most concerned about increasing interest rates or reducing on purchase and tapering and crashing the stock market. they really, really don't want to do that. however, if inflation carson creeping up, their hand is going to be forced and they don't want to do that. so they're going to jump on any excuse. they can't keep the interest rates low, keep money flowing in. and it seems that employment or unemployment is a distant,

distant concern of this way, way behind inflation and the stock. yes. and you're saying that the i math even mention not as sort of a central reason here. and i know we've been talking a lot about inflation now moving to talking about ongoing supply chain shortages. and of course, the building energy crisis. i mean, when we're talking about central banks, whether it be the federal reserve or over in europe, is there anything they can really do at this point to stop sort of the storm that is really been building over the last year? well, i think they also pointing the finger as a supply chain disruption, but i think that's more cover, more than anything else for that monetary policy. and i think it was all we see this passion, the central banks as inflation starts to take off. they 1st tell you it's transitory. don't worry, it's going to go away soon. it's going to be here for a few weeks, a few months, and then we'll get back to normal and be fine. then they start say, was sort of multi calls. all the, all sorts of different factors involved and to be complicated, i understand it, trust us. and then finally the government sort of step in circuit and i would need price controls and export controls and,

and they really wreck the car. and i feel that we're on that sort of up. so i think the supply chain disruption we're seeing are just a result of monetary policy and the kind of pumping money into it and increasing prices that we've seen at this, not that much of a supply chain disruption out there. i think that sort of shifting the brain to something else and taking the, the attention focus away from the central banks monetary policy. and they believe that you said there really isn't much of a supply chain issue right now. does that go for the, the issues with china right now, and specifically with the ports there seem to be a lot of concerns and discussions about these, the supply ships that are you're sitting outside of port and products that are not getting to shelves, especially as we move closer to what we are towards the holidays. do you think that that is overblown right now? or is that or a reality we have to deal with linda, certainly certain ports, whether there's some problems and it is because for in the u. s. is los angeles 100 and big search there in terms of traffic coming in and out of los angeles and has about 34 percent of compared to last year. had a big,

big increase or have you had other big ports around the world, like singapore rossimer places either the increases he is actually very, very tepid. so it's not by any means a global supply chain from i think it looked like more like a problem around the port los angeles. i didn't, it was happening. chinese pause. the statistics are not totally reliable. so i don't think it's worth looking at. but said los angeles, seem to be an exception. there robin the rule. so things in rotterdam, in singapore and, and took a look ok that they look like there's that it'd be bottlenecks. they're all, alan, certainly all eyes will be on not only what the i and i been saying that also with the federal reserve besides, did you in the coming links are tardy. i'm are in the end of them as i'll see. thank you so much for your time. thank you. tom. now for a quick break, the only come back southwest airlines has left thousands of passengers stranded across the country as it is another day of cancellations. we'll discuss next. and as we go to break, here are the numbers that the close. ah

chinese bank are not helpful lending against entrepreneurs necessarily. they only want to blend against real estate speculation. so this is created the biggest real estate babylon history. that's now collapsing with ocean with on what is a noise to the vehicle. so i

would start off. would that got that would because if that's something you would get them with the cool got us which will never yep, of properties was for what fin the but only the for years. right. what that sort of looks like. you with nice seems them often when he's got the west when luck with them. so we'll just show them for phillip keeps coming from from the muse. are kind of what those are the same ones giving you cisco web logo slated to 3 years. i will continue to one subscribe little squiggly. ah, some coaches at the, what are one? why do you think that us them, i mean, on i, besides, and we still live. do

i mm. mm. mm. mm. mm. who dares sinks? we dare to ask in what happened. i make no, certainly no borders and is blind to nationalities and you various as a merge we don't have with the we don't to look back, see a whole world needs to take action and to be ready. people are judgment. 2 common crisis with them, we can do better,

we should be better. everyone is contributing each in their own way, but we also know that this crisis will not go on forever. the challenge is great, the response has been massive. so many good people are helping us. it makes us feel very proud that we are in it together with a it is a question so many people are asking what is going on with southwest airlines for a 5th straight day, thousands of customers are left stranded at airports across the country as southwest continues to cancel flights, but it's not clear yet what is causing the disruption as the airline and as pilots are telling different stories are ti correspondent science have endured just now

with the latest via what are we hearing so far about the story? so southwest airline has since out of they canceled close to $2400.00 flights. and on tuesday, another $87.00 flights or 2 percent of their schedule were also canceled. and in a statement south west blamed air traffic control issues and bad weather in their florida stations. for the cancellation, but according to the federal aviation administration, that wasn't entirely true. and that came after the f. a responded to the southwest statement in a tweet saying no f, a air traffic staffing shortages have been reported since friday. flight delays and cancellations occurred for few hours friday pm, due to widespread, severe weather, military training and limited staffing in one area of the jacksonville, jacksonville, and route center. and only after the f. a announcement did southwest president mike van d. then finally, amid to its employees on monday that things got out of control because the airline

didn't have adequate staffing. in fact, according to the department of transportation, south was currently has 7000 fewer employees then the airline had before the pandemic. and that's because when air travel plunge at the beginning of the pandemic south was offered by outs and early retirement packages to reduce staff. now, although the weakens problems were and mainly limited to southwest, it is by no means the only aero, and struggling to restore stuff. and slides that were trimmed during the fan pandemic. and fixing these problems will be expensive and time consuming and are likely to cause further pain for passengers returning to the skies. okay, so, so obviously that's, that's a problem that, you know, southwest wasn't honest to begin with about this. but there have also been rumors that this stuff shortage was actually caused by some kind of a sick out that was taking place. essentially, employees who are being told they had to be vaccinated and so they weren't showing

up for work, including possibly some of the airlines pilots. what do we know about that? is there truth of that part of the story? so those rumors occurred at the southwest airline pilots association, which represents roughly $9000.00 pilots asked a federal court last friday to block the airlines order that all employees must get vaccinated. now, coincidentally, that's exactly when the flight cancellations are occurred. now the union said pilots had not the stage to stick out because of the backside mandate and instead blame to all the flight cancellation on south was operational issues out in the past. a pilot union have also argued that management has been very slow to bring pilots back from leave. i leave of absence, i should say, after the airline persuaded them to take during the pandemic, leaving them very short handed, a 7000 fear employees short handed. but this does look suspicious, since southwest has had much fewer cancellations. today, even though known,

you stab has been hired since the chaos over the weekend. so the problems of southwest may run deeper than the staff issues we're hearing about when a site's avager. thanks so much for that update. what other story that's being described as science fiction becoming reality, art, imitating life, if you will, legendary search an actor and host of i don't understand here an rti america, william shatner is said to take off on a flight with blue origin, wednesday morning where he will become the oldest person to ever reach orbit. i'm going up into space. i don't know how many people can say that it's life changing its way. not because of the very old adventure, but because the people at me and it is the latest launch in the world of space tourism that is costing some customers a quarter of a $1000000.00. while countless questions, of course,

remain as to what risk the travellers on board are assuming when they blocked off for that adventure of a lifetime. joining us now to discuss is aaron paper about your business strategy with a focus on space commercialization. aaron, it's great to have you back on the show to day and we know that it is a big day for star trek fans when captain kirk himself gets to blast off an outer space. but realistically, what are some of the risks that william shatner is facing when he is a 9 year old man and barking on this trip? well, there's gonna be obvious medical concerns. i know he's probably gone through multiple medical checks. so, and i am not a medical professional, but i can at least say from a layman's perspective, when you're putting your body through a number of jeez, during the launch and then suddenly being weightless like we are bags of liquid rights. things can move around on at 90 years old. that's probably a little scary, but he's, you know, i've heard many people say that he is very active person and you know it is

a fiddle. so those risks are probably minimal, but there's other risks associated with do using new technology. but again, i will say that this is so high profile and we all want to see him have a wonderful experience and make it back down to terra firma safely. so the, the risks are probably minimum, emily alone, who knows that william shut looks amazing for 90 years old. let's just say that. i mean, we're watching with video here. he looks pretty amazing. but in addition to a shatner and that blue origin employee there also to paying customers on the flight paid. what about $250000.00 a piece for their tickets? right now, this is kind of a sport activity, leisure activity for the ultra rich. if you want to call it that, it's also supposed to be entertaining to the public. but is it truly entertaining at this point, or is there a certain level of excess here that turn tends to turn people off deeper. you know, i think that's a really valid critique when you, when there's so many issues in the world, ah, that could be solved from

a number of directions, right? whether be social infrastructure, technology, investment renovation. you know, the list could get pretty endless and i don't have enough time to dive into that. so it does feel like it's excess. but you know, i a study that's actually a research paper that was actually off cited in the space industry on reference to as the space is very similar, like the growth, the space industry. and the infrastructure is very similar to the infrastructure and the process in which funds found its way towards people attempting to summit mount everest. it start off with governments and it took a lot of resources just to get 2 people to the top. and over time, more wealthy individuals invested in that trip and that turned into infrastructure, which eventually turned into still an intense trip, but a very low buried entry. so, you know, yeah, feels like excess, but this is about building the infrastructure necessary to access the space earth economy. well, i guess hopefully the price of the tickets don't always stay at a quarter of a $1000000.00 or then it's going to be a very exclusive trip. but i know that what we heard from william shatner was,

he was saying that he signed on to this flight because he was inspired by jeff bezos and his ambitions to start building into space and to make pollution a thing in the past. now aside from really these high profile trips is space that we're seeing, is this something we're seeing base as making progress on right now? yes and no. i don't have the details to get into like to, to what and, but i'd like to point out something that william shatner also said in your car and you cut away that he's not excited. he's excited about the trip, but also just about the people he meets. space is actually very related to and very complimentary to environmentalism. but the lines to draw that association are little tough and opaque because it's there's a lot of innovation and technology development that has to happen, but it is affecting how we do business and how we engage with resources on planet. jeff bezos is painting a future in which pollution on earth is no longer a thing. we're will have manufacturing in orbit. where mosque is selling a future?

where will be living on mars? i'm, you know, one of those connects to environmentalism on earth and the benefit for people who lived here. the other sends us to a different place and it makes a little hard to make that connection. go. and just as a, i gotta ask you real quick the way about 45 seconds. how much of of, i mean, obviously 99 percent right? of william shatner being there is about p r. right? because you're obviously drawing this connection, this, this feeling that people have of nostalgia to say, captain kirk. but for someone like jeff bezos, who was not the most popular guy on this planet or in space. i think it's, it probably makes sense to attach yourself to someone that people feel good about. i'll give you the last word that i can't disagree with that. that's very true. and a lot of a blue origin does from this perspective is p r, and a lot of what must is doing is also about p r. and keeping people interested in space to see long term investment while speaking and pay. i will have live coverage in that upcoming launch right here on the portable theory of aaron pago. thank you

so much for your time and insight today. thank you. great blood pressure rates like by you. that's it for us. this time you can catch boom bust on demand on the portable tv app, which is available on smartphones and tablets through google plate, and the apple app store, just search portable tv portable c v. you can also download it on samsung, smart tv and roku devices or simply check it out that portable dot tv will see you next time . join me every posted on the alex salmon show and i'll be speaking to guess what the world politics sport business. i'm show business, i'll see you then. ah,

it's a but i think the most basic, but i still don't believe we did. who bought. i bought a dial from our company. either way, but i know from politicians to athletes and movies. does the musicals does it seems every big name in the world has been here last year. hope a bazooka. this goes to school and when you get the call, when you finish with give me a glover you spoke with said basil makes dreams come true. that every one who falls in love with people threatening like with,

with these people, learn from their own experience, how vulnerable business is to the bank. so he pushes my business over, the age, pushes me right to the edge, bankruptcy. now i realize we were good. this isn't just the back that may be involved in this is the concept. see firms. it is the lawyers. these people have got one of their stories and it was kind of whistleblower. tell people's marriages have broken up. it lost their family homes. it is spectacularly devastating. people's lives we have committed suicide,

but left behind stakes was simply state that it was the constant intimidation and billing by bank officers. that late them too. i took to spy this obscene these people up nor sold. a british tabloids claimed that russian spies it stole you k vaccine secrets gets at rival newspapers digging deeper, calling out the story as inaccurate and opaque, but the sun is yet to clarify or apologize. the case of double standards, one of germany is that most read it newspapers build leaps to the defense of a coven discussion panel, whose content was removed by youtube. but it is the same newspaper that mercilessly lashed to ortiz, german, that new service had during a similar struggle with the video sharing sight francis top a bishop of back to down after.