fishermen in these waters at the same time jousting for position and attention to high violence is bound to happen. this is the last land border dispute between canada and the united states. it could be magnified to the point where there could be costs that would be significant to quote countries. border disputes don't go away. they just esther. something's going to happen with them both the one business show you can't afford to miss. i'm been swans and i bred to bore in washington coming up, failed back, better packages, now headed to defendant. after that,

the house passes the nearly 2 trillion dollar bill, which the key piece in president jo biden's, economic agenda will break down the numbers and discuss what this could mean for the economy plus global market. their training down this week will go over what's been moving, marketing some of the world, most important economy. and finally 1000000000. jeff angel predicts that the earth will one day be a tourist attraction as humans will student habit space. once he's talking about or going to clown on him a little bit and we'll discuss it seriously. we got a lot to do. so let's get to it. and we begin with a vote in the us house that was really months in the making. the house voting to approve the 1.75 trillion dollar social policy and climate change bill friday morning in advance is a key piece. a president, jo biden's, economic agenda, the bill back better. bill passed by a vote of 220 to 213 mostly along party lines with one democrat boating, a get that democrats initially hoped to pass the bill thursday evening. but an hour's long speeches, lea, a filibuster by house, minority leader,

kevin mccarthy slamming the legislation prompted democrats to postpone the vote until friday after 8 am. let me be clear. never in american history has so much been spent at one time. at one time, never in american history will so many taxes be raised and so much borrowing be need to be needed to pay for all this reckless spending. so that vote postpone or speech postpone the go to friday morning and then the vote was held. the bill is passed. so where it goes now is the u. s. senate. so what is in this bill? a family benefits. $585000000000.00, including universal pre k and 4 weeks of paid leave in an immigration reforms in their $100000000000.00. individual tax credits plus cuts. $210000000000.00 for health care. 355000000000 for climate and infrastructure. $555000000000.00 to reduce or delay t. c. j. a base broadening and $290000000000.00 for other spending and tax cuts.

it's a whole lot of money. so let's bring him to moscow. hello, kristy i to talk about it with us. christy. gotta tell you this bill is enormous, but rather than debate, what's in the bill? let's talk about where the money's going to come from. because the truth is the fed is just printing this money. they're literally creating it for the purpose of this bill. how is that gonna further damage the u. s. dollar and contribute to inflation? i kind of already said the fed is just printing more money out of thin air for the purposes of this bill. that's how it's damaging. so instead of budgeting and planning, they're literally just winging and saying that, oh, this inflation problem, it will eventually was off itself. so the fed has had a couple goals and mandates and objectives that they have to achieve according to them. they need to promote maximum unemployment. they've made a promote stable prices and moderate long term interest rates. so based on its recent actions, though, the fed reserve has failed in basically all 3 of those spheres. so 1st the balance

sheet in 2008. the federal reserve assets told less than one trillion, but by 2019 it's written about 4 trillion and as of november of this year, it's balloon to almost 9 trillion. and this bill will just add more. seeing that it was not budgeted, nor was it as a lot of democrats claim paid for. so secondly, for more than a decade, the federal reserve has also on least trillions and trillions of dollars into the u . s. economy. during that period, i also maintain ultra low interest rates, which has led huge distortions in the economy. so make no mistake, the more dollars a federal reserve puts into circulation, the less each dollar is worth that just basic economics. so hence, monetary policy has set the stage for ramp and long term inflation. so right now, questions are being raised about whether this increasing government spending will drive up in place to even more. and these measures will funnel a substantial amount of federal funding into an already over he's economy that has the fastest brides and consumer prices in 30 years. so supporters of the bill claim

that inflation will be moderate by the middle of next year and the supply chain issues will work themselves out. but that's the same as saying that inflation was transient. and in most cases, inflation doesn't just magically work itself out. that's what the fiscal policy is supposed to do. i don't know, chris, i mean, they've been talking about how great the economy is, is doing so well. that's where the inflation is coming from. and it is, of course, as they say, transitory separate. but either way, democrats are aiming to cover the cost of the social safety net package through taxes and corporations and more money for iris enforcement. the real question, of course, here is how does this impact the average person? it doesn't help the average consumer. that's for sure. average consumers right now, just care about their immediate problem, such as inflation, especially groceries and gas bills. right now, inflation is on everyone's mind as it weighs on consumers purchasing powers, because wage averages have failed to keep up with accelerating prices. and this legislation could worse and inflation citing that climate policies would raise oil

prices for consumers. so that actually makes matters worse. the administration has terminated the keystone excel pipeline and stop all new oil and gas leases on federal lands, which has basically caused the cost of energy to skyrocket. because energy is a key component in nearly all economic activity. and the administration's energy policy is adding more inflationary pressure to the equation, not less. and while the current bill is now targeting billionaire corporations and what they dab as the ultra wealthy to slit the bell with higher taxes, whose to say that they will put up with it. there will be a mass exodus of talent and wealth and the u. s. as people try to protect their wealth, as they should, seeing it's just hard earned money. the u. s. was ones the land of opportunities and now all of that is just be sucked right out. so the average person is unlikely going to see much benefit from this, but the middle class should also watch out because they won't stop with the 1000000000 as because 1st they come for the diners than the millionaires and then

the middle class. so i don't think anyone is really safe here. you have to be honest with you. i'm not sure they're coming for the billionaires at all. i think they're coming for everyone else, but in reality let's, let's break a couple of things down here. this bill got a long way to go right if it were to become a law, because 1st of all, it would have to be reconciled in the senate. already subset of democrats have said they're not going to vote for it as it is, which means you're gonna have to come up with the senate version, get reconciled in the house, has to go back and go to get right. having said that, let's talk about this issue of iris enforcement once again because i think this is incredible. so kevin mccarthy, in his very long speech last night, made 2 statements that stood out to me one. he says that in this speech the iris will hire 87000 new agents as part of its enforcement crackdown which that, that number alone if correct. and i have not been able to independently verify that's true. but if that is number is correct, it is absolutely staggering. to think of the iris would add $87000.00 agents. also, he made another statement. he said that the iris would be going after anybody or looking into anybody who spends more than $28.00 a day,

which what exactly what that means, i don't know, but here's what i do know that for sure of the i arrest we know wants to look at anyone who in a bank account has more than $600.00. so when you claim that you're going after the billionaires, but you want to go in an audit, essentially, anyone who has $600.00 in their account. it feels like you're being disingenuous about going after the rich and you're really going after everyone who doesn't have lawyers to defend them. absolutely, and you make a great point because people have just 600 dollars, 500 dollars in that bank account. they're not going to be able to afford accountants or lawyers, and a lot of them are going to make mistakes on their tax month and fall incorrectly. and they're going to be liable because they has committed a crime. and they're going to be liable to pay all these taxes and penal taxes back taxes. so, and really, who wants more enforcement and regulation? because that to me is the biggest waste of money. rather than investing on innovation and advancement, you're spending it on restraining industries and putting more burdens on companies . but unfortunately, that isn't the bill because apparently that was actually the only way for

supporters of the bill to basically been nagle, the numbers to make it work for the cdo and the budget. and me, it basically estimated how much increase tax collection can result from expanding the irises budget and workforce, and key word. it's an estimate. so essentially without any sort of stipulation, the bill will not be able to fully pay for itself. and basically this legislation would result in a net increase in deficit. totally about $367000000000.00 over the period of 2022 to 2031 as a result of this additional spending. but now that's the beauty of estimates. you can also just over estimate and make up a new number of how much you can expect the iris to generate in order to cover the shortfall and say, hey, there's no more deficit and say though the bill is now fully funded and paid for, you know, trying to get blood out of a turnip as i think the term that we used to use do most. christy, i think so much for your analysis on the gift

the market are trending mostly down for the week as investors continue to keep an eye on rising inflation supply chain constraints and this state of energy. we start in russia where the mo, exit down by more than 2 and a half percent per the week, taking most of the losses on friday with oil prices falling nearly 2 percent to end the week. the swing push russian stocks to nearly to month. the los meanwhile rushes economy ministry is in growth in the 4th quarter of 3 percent year over year . as we have talked about earlier in the week, certification of the north stream to pipeline is on hold them in red tape in germany. let's move to asian markets. the shanghai composite is by roughly half a percent for the week, rising more than one percent on friday alone. the game came in the logistics sector, as companies reported strong earnings sentiment did edge lower on us china relations. despite the virtual summit between presidents biden and she biden's comments thursday regarding

a possible diplomatic boy out of the beijing lympics took a toll there. in hong kong, we have a red arrow for the hung sank down by more than one and a half percent for the week e commerce diet, alibaba with the big story, losing 10 percent on friday after missing revenue and earnings for the 3rd quarter . as concerns over a flowing economy in china took a told their alibaba rival, j. d, did see gains up more than 9 percent on the same day. shares and embattled properties per china advert. grand group fell nearly 6 percent on thursday after selling their stake, his streaming company hand can moving to japan, the new k is down for the week, but just slightly. the index almost moved into positive territory. on friday, investors looked at an agreement from the government on a $490000000000.00 stimulus package, as the nation deals with economic fall from covered restrictions and the supply chain issues. we have talked so much about as move to india where we have another red arrow for the 7 sex down by one percent on the weak. india's atm saw its shares

fall by 24 percent in their 1st day of trading this week. as investors were concerned over its business model, despite being india's largest ever i p. o. meanwhile, there is some upside for the 7 sexes. morgan stanley, through the 17 percent surge by the end of next year. and australia, the assets is down by about a half a percent. despite the down weak ground resorts out there, price jump more than 16 percent on friday after ports of a 6 point. $2000000000.00 buyout offer from blackstone earlier in the week. there were some good news that the reserve bank of australia said inflation wasn't as bad in the nation due to cheap energy prices and strong labor participation. and in south africa, we have a green arrow for the all share on thursday, the country central bank raised key interest rates for the 1st time in nearly 3 years by 25 basis points. the rate now sits at 3.75 percent. the move was in response to concerns over that rising inflation. we've heard so much about now let's go over the bandwidth more from europe in the america brand. thanks. so that

will, let's head over to europe where it was. let's face it a very rough week. markets definitely reacting to new lock downs that are being imposed across europe, including in austria. and as a result, as i mentioned, it's been a rough week for markets. so let's go to the u. k. first, where the foot c was down. this week the lennon exchange fell really pretty much all week long, but especially thursday and friday with much of the market responding to again that news that of austria of new lock downs and mandatory vaccinations for everyone in the country. it was the same story for the german dax, the french cack, which also watch markets drop, especially at the end of the week. the keep in mind, germany may be the next shoe to drop when it comes to renewed lockdown. st. germany's health minister did not rule out its own lockdown measures. moving over to south america where brazil's able best buy was also down this week, brazil's rio last one percent after a larger than expected rate hike, disappointed traders looking for an even stronger action by the central bank, heading over to north america. now, a little bit of a mixed bag this week, compared to europe,

some north american stocks were up in spite of increased concerns about rising covey cases. in other cases, indices were down in mexico. bad news with the b, m, v. it is down for this week. meanwhile in the us, the s and p and the nasdaq, they were actually up things to a pop by tech stocks on friday. and it was that pop on friday that really saved them because the other u. s. outlier, the dow jones industrial average was down this week. finally, we finished up in canada where the ts x was down as well. the canadian stock exchange retreated to why don't we glow on friday as a 3 percent drop in the oil prices way down on heavy weight energy stocks. and that is, this week's market walk sped as the global chip sort of continues to take a toll on the electronics and car industry's automakers. ford and general motors are looking to take the business. they did their own hand after a year of shortages, which caused production, slowdowns ford announced wednesday it entered it agreement with us semi maker global foundries to develop the much needed chips. meanwhile, gm is working on establishing relationships with heavy weights,

like qualcomm and x p o. meanwhile, a semiconductor analysts with j. p. morgan told cnbc that they don't see the supply shortage going all the way to 2023. that analysts told the network that the shortage will persist in the 1st half of 2022, but expects capacities to come on line, but the 2nd half of the year. and then adding that as tech companies start to take on manufacturing themselves. there will be some relief. that's definitely good news and time now for a quick break. but when we come back, jeff bezos predict that one day the majority of humans will be born in space and visit earth like it's a vacation spot. just read that in there for a minute. we'll discuss the view for the future as we go to break or the number with me.

oh, we're seeing high levels, one certainty creeping in economic life. and i think we're all aware of the disruption of global supply chains. we see spike in the cost of energy. we're seeing a reappearance of inflation. i think all of these constitute of the economy, scroll down to sign risks which could meet the teacher didn't wonder, is still ahead of us. despite the moderation of the severity of the timing was a new,

fresh as a merge. we don't have with the we don't have a vaccine. the whole world leads to take action to be ready. people are judgment, common crisis with we can do better, we should be doing better. every one 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 driven by a dreamer shaped by those in

me dares thing. we dare to ask me. ah, welcome back. you know, we often talk about the power growth of the crypto industry on this show, but to be fair, we also have to talk about problems within that industry and no question about it. scams and crime definitely a part of the defy or the decentralized finance world. in fact, fraud and theft at the centralized 5 platforms has total $10500000000.00 just this year alone. research showed on thursday, though, according to reports, cash has poured into d 5 sites this year,

mirroring the explosion of interest in crypto currencies as a whole. yet crime is also booming in the mostly unregulated sector. according to london based block chain analytics firm elliptic users have suffered over $12000000000.00 and losses through crime at d fi apps. lending platforms and exchanges since 2020, with the majority of losses coming in 2021 alone. now been a lot of times these analysts, they claim that the lack of regulation is the reason for increased crime in the d p 5 space. sure. so how do you see the list that i think it's fair? no question about it. listen in the crypto space and decentralized finance. there's crime, there are people who are, are gaming the system there, and they're cheating the system. no, no question about it. but how about a couple names for you here? a guy named bernie made off the ever heard of him. he wasn't in crypto or defy enron. remember those guys have the savings and loans handles of the 1980 s or the wall street rip offs since 2008. by the way that's continuing on even to this day, remember too big to fail. so the, the problem i have with a lot of analysts,

when they look at this, is they want to act like the crypto space is an outlier, right? wall street, perfectly fine. there's no problems there, but watch out for these, these crazy people in crypto cuz that's where all the scams are. the entire financial system in america is built upon scams and so i don't see why of crypto of any different though, i will say decentralized systems have far more accountability than ret government regulated plan. but it seems like it's, it's the kind of the same conversation. we have, every time we talk about cyber security and how the payments are being made in crypto currency, therefore crypto currency as a whole is bad when in most crime cash is used. oh no question about it. but if you listen to the treasury secretary, you listen to any of these folks who talk about it, they'll say, oh yeah, money laundering, and it's the currency of criminals, crypto currency as a, is it really cuz i'm pretty sure all criminals will take us dollars as well, in fact, they're happy to take notes, and some of the biggest criminals in the world are the ones printing the u. s. dollars. jesse?

ah. all right. how about this amazon founder and the world 2nd wealthiest man? he love that when you call them that jeff bezos predicted last week that humans will one day colonize space, and they'll visit earth as tourists during discussion at the 2021 ignatius form in washington, dc, where i believe he was dressed like professor x, by the way seen the video, the billionaire said that the earth is just too small to handle population growth, same the earth can only support about 10000000000 people, while the solar system can support a trillion people. now bay, those also said that in the future, people will move from earth to space and eventually humans will be born in miles long space colonies that rotate to simulate gravity with earth being akin to a trip to you of stone national park bay. those who was the 2nd 1000000000 to take a trip to space earlier this year. he actually hates when you say that has also

floated the idea of moving, polluting industry into space. now, there is a lot to talk about here for joining us to do so noted space expert and hope that tonight late can now i'm an expert on socio if you had me here, super villain to lead that would be incredible. perfect of accepted space doesn't appear that maybe basis might be putting the car just a little bit before the horse here. well, of course, and, you know, the great irony is he saying, well, orth can't sustain this many people, but who are using the most resources, the billionaires, the incredibly rich oxfam, just put out a report saying, the billionaires alone are pillaging the planet. and so he's like all we can support all these humans will really we can for huge and that's what we can handle . the problem isn't, isn't the number of people, though, you would have to wonder if which of those is actually saying if we to significantly limit the number of people on the earth will send them all the space and then he'll charge them $250000.00 the 1st white earth,

the visit to come visit baggage. so basically he's, he's going to one day make up space garbage will be the average humans will be fired out into space and you can come visit his house called earth. if you'd like. it is incredible though, just because it's been not even to state. let's be honest. mother doesn't really been to say he's made up just enough to see the curvature of earth. he's come back down, but now he's the expert, right? he knows all about it and the future of mankind existing in space is a little bit of narcissism here quite a bit. yeah. they think they own humanity. they think it, look, i'm not opposed to place to face export ation. that's not what they're doing. this is 1000000000 air space tourism is what this is incredibly wasteful. you know, what was it one trip on space, texas $395.00 trans atlantic flights worth of c o. 2 emissions. and it's coming from like a lawn mas, like trying to save the planet with electric, like it's laughable. and you know, they are pillaging the earth. and the truth is,

they're extracting the resources to a tiny number of individuals. if you make the average amount of an amazon worker $35000.00 a year, then to make what jeff pay those has, you will have to work for 5800000 years. so you might want to get started. yeah, that's pretty good. you know, i want to point out what we've talked about there to is he wants to move polluting industry to space. so his company along with other multi nationals have ruined the planet we live on today. so let's get all the pollution up to space when apparently to him, that's where we're going to be living soon anyway. i mean, it's amazing. they've basically given up on earth. they're like, oh yeah, we've just treated it like a garbage sheep. let's move on to mar, that'll be a lot easier. it's, it's incredibly laughable. both these people are insane. law ma scan, jeff bezos, or you can throw in some others too. yeah. yeah, they're in there too. but one of the last irony i just want to point out is to live in these pods that they're presupposing. you would have to have what sustainability in those pods you'd have to treat them very carefully. you'd have to like,

not over use your resources, the opposite of what we're doing here on earth. well and to the point you, you mentioned amazon workers a minute ago. so one of the things that always strikes me about jeff faces when he talks about, especially we're going to save the planet right by, by exporting all this waste into space and will, will protect the planet. but you can't even protect the people who are under your charge right now. you're breaking up unions when they're trying to unionize in one warehouse in amazon, and the amount of resource that he's put into that is almost like the resource he's putting to go into space. so how can you be trusted to protect the future of the planet when you can protect the workers who are working for you right now? right. these people don't care for human beings at all. and jeff phasers, his big innovation, the thing that has made him so wealthy is that he figured out you could exploit workers to such a degree that they just collapse on the warehouse floor if you do it properly. and literally when one case 10 years ago, or just passing out in one of the warehouse because it was because they don't want to pay the air conditioner right in the right mass. and whereas people are just collapsing. so what did they do?

they didn't the air condition, they got ambulances to park outside and be ready for when the workers that was a way of dealing with it. i mean, it's that, that the whole plastic bottle situation all over again as well. i mean, it just seems to me, i mean, obviously like we've talked about the narcissism, that is just basis. but it also just seems to be like, who does he think he is now that he gets the dictate, the future of humanity just in general, it's bizarre. yeah, they think they're bigger than governments, bigger than nations. i mean, a lot of money, hasn't he has to be a nation along mosque? yeah. yeah, no, they're getting there. they're definitely getting there because no one should have this much money. i mean, it's just, it's complete socio pass there shouldn't be billionaires on this planet. and it shows a great flaw in our economic system. but instead they point to it and go look out. great. everything's work and know it's the opposite. yeah. yeah, absolutely. i guess the other issue with all of this is the space exploration part isn't not only slowing down, not slowing down, but the government agencies that have been tasked with using taxpayer dollars for

space exploration have essentially just handed it off to these guys. right. so it's more than just allowing them to innovate and they have innovated in fairness, they've innovated in terms of, of getting the space. but now they've become the agencies in and of themselves. are given a lot. yeah. yeah. and so what are they going to be used for what's going to be used for things that benefit them or benefit their company? that is the difference between having a government do something and having a corporation do it, is he's not going to do anything that doesn't benefit with amazon or jeff pay those himself. yeah, it's terrible. i get li, camp of redacted tonight. thank you so much for your and thank you. and that's it for this time he gets boom box on demand, a portable tv available on smartphones and tablets. google play in the apple app store by searching portable tv and portable tv can be downloaded on the samsung smart tv, or simply check it out a portable dot tv. will see you next time. mm. ah.

it varies no thing cause right on police report is in all caps in december 2020, a group of anti fascists allowed a film crew access for 3 months. so like if people organization, it's an idea that it must be opposed that channel out the gate. they may kill that faces, but they can say what they believe in. we believe in helping our community. we believe that fascism is one of the major threats to the united states has gotten proven. this is a chance to see who and t for really are in order for me to extract my 1st amendment right and say that my life matters have to be on to the teacher to that hallmark is we can't trust the police, we can't trust the government we can't trust anyone except ourselves to protect ourselves in a water around the try, a seal island in contention between canada and the united states. northern gulf. a

man has suddenly become optimal for lobster. our population here is exploded. one of the most valuable fisheries that ever existed. suddenly you had me and canadian fishermen in these waters. at the same time jousting for position and tensions or high violence is bound to happen. this is the last land border dispute between canada and the united states. it could be magnified to the point where there could be costs that would be significant to quote countries. border disputes don't go away, they discussed or something's going to happen. so what we've got to do is identify the threats that we have. it's crazy even foundation. let it be an arms race is on very dramatic development. only personally and getting to resist. i don't see how that strategy will be successful,

very political time. time to sit down and talk ah, police in the netherlands, fire warning shots and coverage protests that leave at least 7 people injured. meantime, austria becomes the 1st european country to make vaccinations mandatory. trouble taking off their potentially to wilbur would be across it. also this our child each rate health not guilty in the u. s. emotional reactions from both sides of the political dividers, coll rittenhouse is found not guilty of homicide and the killing of 2 people at a racial justice protest and the state of wisconsin. and.