bitcoin mining, the u. s. has now become the world leader. we'll discuss which states are seeing the most activity and how clean energy is playing a role in the industry. plus the buying and ministration does it has plans to address increasing supply chain issues. but will it be enough to save the upcoming holiday season? we'll take a look at how the latest price is affecting the ongoing recovery. and then more than $100000.00 union workers are threatening to strike across the country all while the us travels with an ongoing labor shortage. we're going to bring you an end up look at why workers are taking to the picket line. got a pack show today for let's get to it. and we begin with an aspect of big coin that quite frankly, isn't getting much media attention, but it is critically important to the criptos future. the u. s. is now leaving the country and leaving the world for big coin mining. yes. in fact the u. s. has doubled it, share in the energy intensive activity in the 4 months since china began a crypto currency crack down. let's bring in boomer co host with the ice and the

president of the brownstone institute jeffrey tucker to talk about this the christy . let's start with you because it listen. okay, it's not just that big coin mining shifted to the united states. that's a big story. we could talk about, but here in the u. s, there is a movement that gets almost no media coverage. it's that shift to clean and renewable energy for the mining process. what can you tell us about that? i mean, i fully, well, there's a shift towards renewable energy and basically every single sector. but the big one mining industry really takes the cake and it's really the main driver of this ship . simply because energy is the biggest and most expensive input. so naturally, the miners are motivated to drive that costs down. other industries that we have in the states like manufacturing, they're also very energy intensive, but they have less of an incentive because they have other costs like metals, lumber, steel, labor, et cetera, that are bigger and that they're more focused on both big points. miners. they are really motivated to buy the cheapest sources of energy available and they can basically, we look anywhere in the world to get it. energy are getting progressively cheaper

and will soon out much thermal energy on cost. and then on top of that, you also have flared gas mitigation, which is a complete waste right now. but that can actually be turned into usable power. today, there are a number of companies to play assets in the flared gas mitigation space, where methane gets land usually being an efficient and being a complete waste. but what mine is doing that is capture that natural gas pipe it into a generator and use that energy to power bitcoin mine. and so it makes it a more controlled burn and also reducing emissions. so contrary to what must said earlier this year, because mining is wholly consistent with the goals of environmentalists in the u. s . monetizing hydro and nuclear, when the grid is not the buyer and also pushing the cation of other assets like for and when shocking that you on mac isn't on top of that. and of course the media is not really talking about it. but i know jeffrey, whenever we're coming to the story of minors being forced out of china,

why do you see that they're coming to the united states and where specifically in the u. s. are they headed? well, you know, kristi makes a great point that the driving force or is economics, which is very interesting because, you know, at 3 years ago when, when, when i became mine it was 74 percent located in china. you know, the line was that big coins, controlled by china and a china is going to rule the crypto sphere forever. but chris, to make the point that they're not, well, not so much right. so we've already seen that the proven that, that, you know, they're going to go to where the economics is not where the politics is. and you know, my, my concern slightly is that i'm afraid some of these chinese crypto miners might be a little naive about the rest a situation. they're looking at taxes and seeing that as a kind of a perfect land of freedom and to the top places destination. so crypto mine is right now south, south dakota and texas, which,

which i think is interesting because they're now, you know, widely seen to be some of the lease locked on free lease mandate free places in the world. and, and that's partially, i think it's drive, not just lower energy cost, but the anticipation that there be fewer crackdowns on crypto money on these $2.00 states. i'm so that's why they're attracting the attention. but i, i was a little alarm to see a story from june and the washington post recruiting was crypt reminders the same. the u. s. has a capital a system they'll, they'll never restrict a big claim because that's a u. s. believes and freedom, unlike china. well, that's a little bit, i would say like sliding night because i'm not entirely sure that that's true. but it also apparently is the case based on capital flows that the rest of the most crypto friendly, one of the most crypto mining friendly places in the world right now. well, and there still are a lot of questions about what the us government is going to do. we're rather going to try to do when it comes to these regulations. now jeffrey, staying with you,

we've heard from the bank of england deputy governor, fight for financial state. plenty. he warned that crypto currencies cause spark a global financial crisis unless tough regulations are introduced. why do you think he's making that claim? so way viewers need to recognize is that the driving up political, a power behind regulations right now is the government's all over the world. and i don't care if it's a china war or the u. k. or the west, or any government in latin america, exceptions. well have it or is to basically nationalized crypt oak or technology and and making her own an inventor on crypt those and drive away the, the private, the crypto sector that's that's what's, that's the push here right there, especially enjoyed by this table coins which are performing all the functions of central banks and, and banks in general. and they, they really want to get rid of them entirely and, and, and basically take all their functionality into the banking system innovator enough

. so the people are, will bail out of the stable coins. and if that doesn't work, you can start using force so that you can, you can hear about all the stuff about financial instability and blah, blah, blah. and they all say the same nonsense but, but the driving force is, is really the government's of the world. want to take crypto technology block chain technology for themselves to make sure that the monetary monopolies the governments of traditionally own for anna, what 6000 years, whatever is not going to be finally privatized in the crypto hands. yeah. that will, that, that's what's really behind that, that is the goal here to certainly christy, about 30 seconds left here, but i want to come full circle, right? because everything we're talking about from the regulation to e long must to the treasury secretary, jenny yellen, right? everyone wants to bash big coin in any way they can, and they typically like to do with, with this kind of pie in the sky. environmental concern, that's very hard to really pin down what exactly is the specific concern. they're

not talking about the fact that bitcoin is actually making revolutionary steps forward. i'll give you the last word here. yeah, exactly. because they might not basically just purchase whatever energies cheaper, whether the bulk of fuel or right now heavily subsidized renewable in fact, 76 percent of proof of work. myers actually use renewable energy as part of their fuel mix. and right now you see hydro nuclear pretty, there's a huge super power, especially a night when the grid is less demand. but then miners, they can actually monetize this renewable asset because they can wine at night. otherwise the price will be just dumping into the ground because let's not forget, this is the oil. you can store it in the barrel. yes, you can start in a battery. where are these gigantic batteries? we don't have that. so a lot of energy is actually just getting dumped into the ground, but now you have minus and to me and the net effect is that renewables become more economical. and that's how we do it, cut through spin, boom bus, christie, i and jeffrey tucker of the brownstone institute. thanks guys,

by an administration says it has plans to address the ongoing issues with the supply chain that have led to dozens of cargo ships waiting outside of ports and los angeles. while hundreds of thousands of containers wait to be picked up from those boards and transported to their destination. but well, those plans actually make a difference and will it happen in time for the upcoming holiday season? well, logistics experts, economists and labor unions, a like are already warning the president biden's promise of 247 operation won't be enough to take on the backlogs that have been months in the making. even if certain restrictions are lifted, the nation continues to face a shortage of truck drivers and warehouse workers. a problem that has only been made worse by the pandemic, as well as the massive increase in online shopping while president biden refused to take questions following wednesdays announcement press secretary jim saki says they can make no guarantee that these problems will be fully addressed in time. for the holidays and that it won't get better or won't get worse rather before it gets

better. i'm not going to make a prediction of that from here. we know there are a number of issues that impact the supply chain and i, i don't want to make a prediction because it's not just one issue. certainly increasing of the capacity at courts at good add ports, not courts at ports, and increasing the number of hours we'll have a positive impact. there's no question about that, but there are other issues that impact the global supply chain. the joining us now to discuss is david mckelvey, ne theo, of mcelhanney financial group. now david, when it comes to biden's latest plan to address the supply chain backlogs, the response seems to be from many that it's too little too late with the holiday season. quickly approaching, why do you think the administration is choosing now is the time to take some sort of action? so biden says he's been working on the problem for 5 months and the best solution you can come up with is run the ports 247, expand overtime. that's genius. that's the kind of creative problem solving you

expect from the white house. and you can see why with all the inherent complexity in that solution and the problem that it would take so long. what action now that is, is required, they have to peer to be doing something. pull numbers continue to drift lower for the president and sitting idly by doesn't help the party in the mid terms next year . as if said, on your show and previous months, inflation, not transitory, will continue to increase political pressure on the democrats coming into 2022. as having to keep an eye on watch, gold and silver over the next 6 months, inflation was not going to be a concern. after c, p i, and those figures appeared to peak a few months ago, except inflation had not piqued and the equity in bond markets are not prepared for a long term battle with stagflation. so i think there's some other market concerns here, and the ports in the supply chain issues are, are shining a light on certainly increased costs from at least another another saw as another cause. yeah, let's, let's talk some about this issue of,

of gas prices as well. right, is another huge problem, ministrations facing, which they also seem to pretend that suddenly came along yesterday, right. we've been paying much higher prices at the pump now for months. and yet suddenly the by the ministration wants to put pressure on top oil and gas producers . they say to actually increase the outflow to bring down those prices. number one, can they really get that done? and number 2, we'll, we had $2.00 gas a year ago. it's not like it was in the distant past. and so it was the policies of this administration that caused those prices to go up. why are they now putting it back on the, on the private market to fix their problem? i agree with you. you know, i think there's no effect coming. you might recall, we talked on this program about the white house pressure on opec a few weeks ago, and particularly the saudis and their ability to bump supplies, what is kept rising fuel costs, how that work out. and i think at the time our thinking was opec 1st, the white house wouldn't go to the u. s. oil industry for help because it tarnishes the green credentials of the administration de compensation electrification or the

current mo, but inflation is getting ugly. and the administration now reaching out to us all producers for relief. i think that underscores the political cost accruing to democrats at you can almost hear the voice of the middle class. it is you certainly did at the nascar race recently. brandon is signaling discontent. and, and i think you're hearing that echo of brandon and the cheer for brandon as people are paying ever increasing costs across the board. and i get, i would say one quick thing about the, let's go brandon thing, right. i think there is something significant about that that's getting missed by media, right. which is that it does stand out as not just a anthem, if you will, against the administration, but also to the fact that you have a media class that refused to acknowledge these very real problems that people are saying they feel gas lit by the media and i think that's a bad part of this also, and it goes back the gas prices, it goes back to inflation. it goes back to the fact of the cost of meat or products

in the store are so expensive. and now we're headed into the holidays and everyone is acting like i believe it was the white house chief of staff who tweeted out to day. essentially that this is a rich person problem, right. high net worth individuals. this is their problem. no, it's not. if you can afford gasoline and food right now, in groceries, it is a middle class, it is a low income problem as well. that's right. so political analysts and socio allergies should be accurately taking note and saying what does this mean? what is this expressing, and that's why i say it's just a, it's an expression of middle class discontent because they're the ones who are feeling the greatest pain. inflation inflicts those, inflicts attacks on those who have less. not those who have more, they feel the most, most pain and that, and then i can honestly say that's the 1st time that i referenced mention on this. so, but it, there have been great insight as though is david mckelvey. thank you so much for your time. always and over in australia,

top officials are promising to take on big tech in order to go after what they described as abusive content circulating on social media. although it's not clear yet exactly what that will look like, but communications minister, paul, what your says, they are reviewing their defamation laws and considering a whole range of ways to take action. this comes after australia is highest court ruled last month. the individual media outlets could be held liable for the comments posted by members of the public on their facebook pages. prime minister scott morrison has also called for social media platforms to be treated as publishers, saying they have become what he referred to as a coward palace, where people can say anything they want to with no consequences. they should have to identify who they are. and you know, the companies, if they're not going to say who they are, what they're not a platform anymore, they're a publisher, their publisher, and you know what the implications of that means in terms of those issues. you know,

i can't help but to think of the last time that australia tried to take on facebook when it came to paying local media outlets and facebook shut down until they got at least most of their way where that was concerned. yeah, absolutely. i basically have a lot of the power here and remember that this was a very controversial decision when it came to the local news stations being forced to take responsibility for what commenters posted on their site. because facebook wasn't held accountable for that. it seems to be, especially with facebook, that a lot of the policies that surround them are all over the map. it's very difficult to tell where they're going to be held accountable and where they're not. and even the distinction between publisher and platform seems to be awfully blurred too much of the time frame. it's one thing to say, and it's another thing to actually take action, right? that's concerned certainly as time now for a quick break. but when we come back more than 100000 union workers, they are threatening to strike across the country. we're going to talk about why so many are taken to the picket line next. and as we go to break, here are the numbers at the clothes with

with my math guys are more of my guide to financial survival. this is a hedge fund. it's a device used by professional galli wags to earn money. that's right. these hedge funds are completely not accountable, and we're just adding more and more to them. totally, the stabilizing global economy. you need to protect yourself and get inform watkins with when i see black a, when i was growing young, like america spoke to me. why destroyed it?

didn't how you say black mice matter is a movement we are importing from america? no, nothing of who we are. i lived in a world where wide lives mattered. and i was not wide like missing. and i wasn't known from black america. i learned how to speak back to whitefish aboriginal people here at law every day. we are out now with the police were out with 2 seats. i'm scared that my children are going to grow up in the country that think says no racism, but they're more likely to end up in the criminal justice system. been there, although fellow friends in daycare is your media a reflection of reality in

the world transformed what will make you feel safe? isolation, community while you going the right way, where are you being led somewhere? which direction? what is true? what is faith? in the world corrupted, you need to descend a join us in the depths or remain in the shallows. ah

ah ah, look back, new numbers are alfred jobless claims and they would seem to indicate some good news. new application for unemployment benefits declined to about 2 193000 last week from 329000 a week earlier. the labor department says this is the 1st week since the coping 19 pandemic began in march of 2020, that jobless claims fell below 300000. this also indicates that the number of people receiving unemployment benefits also fell to the lowest level since march of 2020. the only problem with all these numbers is that lower unemployment numbers don't actually indicate how many people are out of work. they only represent those

who have recently lost jobs or are receiving unemployment payments because they don't represent those who have stopped looking for work. more than a 100000 workers across the u. s. in various industries are threatening to strike over work conditions and pay. and these are 100000 unionized employees and they range from 60000 hollywood production crew members 210000 john deere factory workers, even 38000 kaiser permanente nurses, all of whom have overwhelmingly voted to authorize strikes and are preparing to join picket lines unless they get stronger collective bargaining agreements give in mind, thousands of workers are already on strike, including 2000 new york hospital workers, 700 massachusetts nurses and 1400 kellogg plant workers in michigan, nebraska, pennsylvania, and tennessee. so what does this mean for the ongoing shortage of workers across the country and will it lead to any meaningful changes for those frontline employees who have shaped the workforce during the pandemic? but joining us out of this guys has been best friends before i was on a simon in las vegas brand. it's great to have you back on the show today. now i

know we're seeing a movement breaking out across the industry. so what is it about working conditions over the last year that have brought so many different groups to the point of actually going on strike? well, i mean, you obviously know that we've talked about this workers shortage over the last several months, maybe even a year. and the fact that we talk a lot about it in the services industry in restaurant, but it's really facing all industry that been mentioned, the kaiser permanente and nurses who are going to strike in california in oregon area. if you remember, as we had a pandemic, they're facing longer hours. they are having less time off, less chance to recuperate. and really it's a lot about burn out. also, something you have to keep in mind is how organized labor is handling this. because there is so much focus on labor shortages, working conditions. they're taking advantage of that. and if you've ever worked with organized labor or covered with movement, you know that despite being all over in several different sectors,

the reality is they are a very tight knit group. so what they're seeing is an opportunity to capitalize as they work together. now i'm not saying that they're actually making a coordinated effort all at the same time. i'm just saying as what happens, a lot of times they will see and say, okay, we can make a movement, we can do that as well. and union membership in the united states has dropped considerably in 198320 percent of the workforce was union. it now in 2020 about 10 percent. but something to keep in mind as these workers shortage is that continued, as you know, there is more concern about the way the working conditions are working. more interest is going on in the labor union, 77 percent. according to a note, new gallup poll of people 18 to 20 or 34. that is to say, they are now interested in joining an organized labor movement. that's pretty interesting, hollywood. they're facing. what could be the biggest strikes in world war 2? we mentioned that union crew members are threatening to walk out on monday if they are guaranteed improve working conditions. when this is kind of been a fight,

i guess, years in the making now. but how is the reason, the shortage of workers impact that those who are carry more weight than ever, i mean, keep in mind with all the streaming wars that are out there right now, it seems like hollywood is trying to turn out as many productions as possible as quickly as possible. well, that was a very interesting point that you made there been because the fact it is hollywood with, you know, netflix, hulu, and the multitude of other streaming services. they're producing more content than ever before. and as you said, this is the worst, could be the worst strike is world war 2, but you have to remember just about 12 years ago, 13 years ago, we had that big writers strike which really affected content. so we could see similar impact. but the fact is, it's, you know, again, it's a lot about working conditions when you're working long hours because there's less people available and more content. i mean, there's a supply and demand issue. if you think about it more than anything. and they're really saying that one of the big faxes, you know,

they're not getting enough chances to sleep enough breaks out there. and the fact that, you know, companies like netflix, as they're producing more content, they're also, you know, not paying the employees and giving them the benefits that may be a major motion picture might have. so these are all concerns that are going on in that industry. and let me tell you, you know, that's going to upset people if you start seeing less content being produced by hollywood. yeah. oh, absolutely. now speaking of the pay, we're also hearing the more than 10000 members from the united auto workers union began their strike against john deere on thursday over a breakdown in negotiation. now a big thing here is that they argued that a 5 percent raise wasn't enough given skyrocketing inflation. so how has the increased prices that americans are being forced to pay really all across the board right now? playing a role and what they're asking for when it comes to their salary. well, you know, here's an interesting inflationary point is one of their main concerns. one of the main bargaining points that they made when they actually turn down that 5 to 6

percent immediate res was they said yeah, but john deere, planning on making $6000000000.00 in profit this year, they could definitely pass that down to the worker for sure. so that's one angle to look at, but you know, i mean inflation, as we've talked about on their show time and time again affects everybody down the line. and when the workers are making the same pay and inflation is expected to continue to rise. you know, as we go throughout the year next year, they're saying, hey, you know, your $5.00 to $6.00 points when you're looking at the fact that we're going to make, or you're going to make a 6000000000 dollar profit. that's just not enough for us because we feel it in our wallets. we feel it when we have to buy good. you know, you can raise the price on tractors. you can make more money. but the back of the matter is, is we're going to have to pay more money for everything that's out there. and all too often the cost get passed off to the consumers. they co, long boom bust friend bore. thank you so much for your time and insight on this one . thank you. well,

you might have noticed that coin base has been trending on twitter. there's good reason for that coin base is getting ready to launch. it's in f t platform and they already have more than 1000000 sign ups, in fact, coin base, open up the wait list via a blog post announcing it's upcoming in f t platform. it's late, it's a launch later this year. the platform is does get this coin base in f t. yeah, it's kind of says what it is. it will initially support the theory and based open standards with plans to expand support to other blog chains in the future. currently, there are almost 1100000 people waiting for early access to that enough to platform creating a quote insane amount of traffic for the wait list, that temporarily broke coin basis site. i mean kudos and then they got on top of the and if he, you know, crazy has been going on. they got a really easy name for people to fall in on the question of the actually going to be able to follow through and make it happen. well, i think they will look enough to be installed on a platform like when based totally makes sense. that's it. for this time you can catch boom bus on demand on the portable tv app,

which is available on smartphones and tablets through google play. and the apple app store by searching portable tv, portable tv. you can also be downloaded on samsung, smart tv and roku devices, or simply check it out at portable dot tv. well see you next time with with oh, beautiful, chilled ocean with on what it says. i middle august all sto, deluka, what of any initial logan lloyd, the vehicle with

fresh which don't, don't love. would you think that that would because if that's something you would prevent them with a will got that's an actual percentage of us. yep. of properties was for what fin the but only the filled with what that to the what like you with luck with nice. seems them off them when he's got the west. when lockwood new, so we'll do show was the protocol it keeps coming from the, from the news kind of what the stuff that the same i was given your cisco web logo slate to 3 years. i will continue to 11 little scared, little squiggly with john coach if it, but are one. why do you think that us them, i mean, on i, besides that we still do

oh wrong. i just don't a have to fill out this thing because of the attitude and engagement. it was the trail. when so many find themselves worlds apart, we choose to look so common ground. when europe is mentioned, what do you think a place an idea, a commonplace with diverging ideas? maybe you think of the european union think what you wish, but europe is in crisis. it must choose between being in the ideological construct or a place with real people and real needs a

a british m p is stub to death while meeting his constituents. the mom has been arrested in connection with the killing in southeast england. also ad on the program. today, a u. s. marine officer pleads guilty to criticizing the military leadership for the chaotic afghan withdrawal. he had demanded. senior leaders take accountability and that's as a bluff outs, a mosque enough. galveston kills at least 37 this friday, injuring scores more. it is the latest in a spate of terror attack since the us exit poorly for.