disapproved of that so much, but i voted for trump in 2016 more as a protest against the, the, the press and the actors and the politicians. and everybody was this uniformly against trump. and it didn't seem to be justified. he's a rational person in america, he's been well known since the 19 eighties and my 2nd vote and 2020 was genuine because trumpet started and he was the 1st president since jimmy carter to not start a foreign war. there was the russian collusion accusation. it was just made up by a group of people and that it was pushed by the person today. most democrats still believe it was true. and all these things are well known to not be true. they were, they were, lies, were lies that were made up. i don't understand why russia is our enemy today as, as far as being similar in culture and in our government system, certainly they are much closer than saudi arabia. for instance,

the term supporters in california don't the ones that i knew i don't really congregate and, and you, everybody's on the down low about it. you know, every now and then somebody comes to me secretly quietly and tells me that they don't understand what's going on either. yeah, everything has to be secretive. otherwise you're socially ostracized. some people agree with me, but are quiet because he can't say that in california, but i'm politically incorrect. i don't like political correctness and i'll say loudly and proudly what i believe even if it's outside of the overton window. so. but and that generated a lot of hate. i was not invited to dinner parties anymore. all

we're almost any parties. ah ah, i ah room both the one business show you can't afford to miss. i'm been swans and i bridge a bore in washington coming up that failed back. better package is now headed to defendant. after that, house fans has been nearly 2 trillion dollar bill, which the key piece and president, jo biden's,

economic agenda will break down the numbers and discuss what this could mean for the economy plus local market. they're trending down this week will go over what's been moving markets and some of the world most important economy. and finally, 1000000000. jeff angels predicts that the earth will one day be a tourist attraction, as humans will soon have it space. what he's talking about, we're going to clown on him a little bit and we'll discuss it seriously. we got a lot new, so let's get to it. and we begin with the 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 of president joe biden's economic agenda. the build back better bill passed by a vote of 222200. 13 mostly along party lines with one democrat voting against it. democrats initially hoped to pass the bill thursday evening, but an hour's long speech essentially a filibuster by house minority leader kevin mccarthy slamming the legislation

prompted democrats to postpone the boat 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 he goes now is the u. s. senate. so what is in this bill? family benefits. $585000000000.00, including universal pre k and 4 weeks of paid leave. in acura immigration reforms in there, $100000000000.00 individual tax credits plus cuts. $210000000000.00 for healthcare . 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 and boom, moscow hose. christy i to talk about it with us. christy got to 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 resolve itself. so the fed has had a couple of goals and mandates and objectives that they have to achieve according to them. they need to promote maxima on an employment, they need to 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 isn't about 4 trillion. and as of november of this year, it's balloon to almost 9 trillion. and this bill would 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 us economy during that period. i also maintain ultra low interest rates, which has led to 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 increase in government spending will drive up inflation 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 in 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, that they say transitory. it's separate. but either way, democrats are aiming to cover the cost of the social safety net package through taxes on 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 problems, such as inflation, especially groceries and gas bills. right now, inflation is on everyone's minds 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 and nearly all mac activity and the administration's energy policy, it's adding more inflationary pressure to the equation not less. and while the current bill is now targeting billionaires corporations and what they does, the ultra wealthy to foot the bell with higher taxes, who's to say that they will put up with it. there will be a mass exodus of talent and well from the u. s. as people try to protect their wealth, as they should seeing it's just hard earned money, the u. s. was once a land of opportunity, but now all of that is just be sucked right out. so the average person is unlikely going to see much benefit from this, that the middle class should also watch out because they won't stop with the billionaires, because 1st they come for the billionaires 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 things down here. this bill got a long way to go right, if it were to become a law, because 1st of all would have to be reconciled in the senate already. some senate democrats have said they're not going to vote for it as it is, which means you're going to have to come up with the senate version, get reconciled in the house, has to go back a vote to get right. having said that, that let's talk about this issue of i r s and force. so once again, 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 number alone is correct and i have not been able to independently verify that's true. but if that 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 are 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, the iris 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. margot, 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 when can fall in correctly, 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, and advancement, you're spending it on restraining industries and putting more burdens on companies . but unfortunately, that is in the bill because apparently that was actually the only way for

supporters of the bill to basically fin nagle, the numbers to make it work for the ceo. and the budgeting me, it basically estimated how much increase tax collection can result from expanding the iris is budget and workforce and keyword it's an estimate. so essentially without any sort of stipulation, the bill would 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 that 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. but most chrissy, i think so much for your analysis on this gift with more to go funding mostly down for the week of the dressers,

continue to keep an eye on rising inflation supply chain constraints and this state of energy. we start in russia where the mo, x is down by more than 2 and a half percent through the week to most of the losses on friday with oil prices falling nearly 2 percent to end the week. the swing push russian stock to nearly to month. the lows, meanwhile, russia is economy, ministry is predicting 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. that's moved to asian markets. the shanghai composite is by roughly half a percent for the week. rising more than one percent on friday alone. the games came in the logistics sectors as companies reported strong earnings sentiment did edge lower on us china relations despite the virtual sub it between president biden . and she biden's comments thursday regarding a possible diplomatic boycott 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. alibaba was the big story, losing 10 percent on friday after missing revenue and earnings for the 3rd quarter as concerns over a slowing economy in china took a toll. their alibaba rival, j. d, did see games more than 9 percent on the same day. shares and embattled property firm china, advert grand group fell nearly 6 percent on thursday after selling their stake streaming company, how you can moving to japan, the new k is down for the week, but just slightly. the index almost moved into positive territory on friday, as investors looked at an agreement from the government on a $490000000000.00 stimulus package. as the nation deals with economic fall from covent 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 pay t m saw it's chairs 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 centex is morgan stanley sees a 17 percent surge by the end of next year. and australia, the ass x is and by about a half a percent. despite the down week crown resort, saw their price job more than 16 percent on friday, after reports of a $6200000000.00 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 rate for the 1st time in nearly 3 years by $25.00 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 and the america brand. thanks. so that was sent over to europe,

where it was, let's face it a very rough week. markets, definitely reacting to new locked 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. let's go to the u. k. first, where the footsie was down this week. the london 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 abel vessel 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 in 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 us 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 a one week low on friday as a 3 percent drop in oil prices way down on a heavy weight energy stocks. and that is this week's market walk. and 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 cause 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 analyst with j. p. morgan sold cnbc that they don't see the supply shortage going all the way to 2002003. that analysts told the network of the shortage will persist in the 1st half of 2022, but expects capacities to come on line by the 2nd half of the year. and then adding that as tech companies start to take on manufacturing themselves. there'll be some relief. that's definitely good news and time now for a quick break. but when we come back, jeff bezos predicts 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 their apartment. it will discuss the view for the future as we go to break sure of the number as with mm hm.

mm oh, there's a patch of water around the try a seal island in contention between canada and the united states. you know where the government has suddenly become optimal for lobster. our populations here is exploded. one of the most valuable fisheries that's ever existed. suddenly you had me and canadian 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 cost that would be significant to poke countries border dispute don't go away, it's assessed or something's going to happen. i

look forward to talking to you all that technology should work for people. robot must obey the orders given by human beings. accept. where's that short or is it conflict with the 1st law and just the patient? we should be very careful about artificial intelligence. and the point obviously is to create trust rather than fear with her very job with artificial intelligence. real, somebody with a robot must protect its own existence with a 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 decentralize finance world. in fact, fraud and faster, the centralized finance platform 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 deep space. sure. so how do you see the limit 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 loan scandals of the 1900 eighty's or the wall street rip off since 2008 by the way. that's continuing on even to this day. remember too big to fail. so 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 is perfectly fine. there's no problems there. watch out for these, these crazy people encrypted because that's all the scams are. the entire financial system in america is built upon scams and so i don't see why that would be different though i will say, decentralized systems have far more accountability than written, government regulated embed. it seems like it's, it's the kind of the same conversation. we have, every time we talk about cyber security at it and how the payments are being made, encrypt oh currency. therefore, crypto currency as a whole is bad when in most crime cash is used. oh no question about it. but the,

the, the 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. is it really because i'm pretty sure all criminals will take us dollars as well. in fact, they're happy to take and some of the biggest criminals in the world are the ones printing the us dollars. all right, so how about this amazon founder and the world 2nd wealthiest man? he love that when you call him that was predicted last week that humans will one day colonize space, and they'll visit earth as tourists during discussion of the 2021 a. she is for him in washington dc where i believe he was dressed like professor x, by the way, seen that video billionaire said that the earth is just too small to handle. population growth, saying 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 stimulate gravity with earth being akin to a trip to yellowstone national park bay. those who was the 2nd 1000000000 are 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. so joining us to do so is noted space expert and hope that tonight lee can now i'm an expert on socio if you had me here, super villain, failure to lead with the incredible projects of acceptance space. does it 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, earth can't sustain this many people, but who are using the most resources, the billionaires, the incredibly rich oxfam, just put out

a report thing. 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. that's what we can't handle the miss and isn't the number of people though, you will have to wonder if which of those is actually saying as 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. why to earth to visit? to come visit baggage. so basically he can one day make us the space garbage will. 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. generally, those has been not even to spate. let's be honest. really been to say he's made up just enough to see the curvature here. if he's come back down, but that was the expert, right. he knows all about it and the future of mankind existing in space. a little bit of narcissism here. yeah, they think they own humanity. they think it, look, i'm not opposed to place to stay tech port ation. that's not what they're doing.

this is a billionaire 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 this coming from like alon moscow's 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 a year, then to make what jeff bezos has, you will have to work for 5800000 years. so you might want to get started. yeah, it's pretty good. and 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 heap. let's move on to mar, that'll be

a lot easier. it's, it's incredibly laughable. both these people are in san milan mosque and jeff bezos, you can throw in some others too. yeah, sure. yeah, there are 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 owner as well. and to the point you, you mentioned amazon workers a minute ago. so one of the things that always strikes me about jeff, that's 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 we in one case, 10 years ago, people were just passing out. and one of the where i was 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, they, they got ambulances to park outside and be ready for when the workers collapse. and that was a way of dealing with it. i mean, it's that there's 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 jeff 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, a lot of money. yeah. yeah, no they're, they're getting there, they're definitely getting there because no one should have that 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 no, it's the opposite. yeah, absolutely. i guess the, 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, it's more than just allowing them to innovate and they have innovated in fairness, they've innovated in terms of, of getting to space. but now they've become the agencies in and of themselves. so given the last word, yeah, yeah. and so what are they going to be used for? what is 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 bezos himself a. yeah, it's, it's terrible. i've li, camp of redacted tonight. thank you so much for your and thank you. and that's it for the time you get 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. it can be downloaded on the samsung smart tv, or simply check it out at portable dot tv. we'll see you next time. ah, we're empowering ourselves to be more efficient, quicker with our transactions. with that comes a trade off, every device is a potential entry point for security at any machine because it's an extension of traditional time. the defenders have always been one step behind the attackers. both formative when one comes option or it's not a matter of if it happens it's a matter of went with

ah denied on his our protests and the austrian capital turn file of the south to noon over the anti cove. locked on starting monday and mandatory no collation of the coming months, a correspondence at the same time. each rate health not guilty in the u. s. emotional reactions from both sides of the political divide is coll rittenhouse is found, not guilty of homicide and the killing of 2 people. it, it, us racial justice, protest, neo colonial mind set. the u. k slammed and for plans to ship asylum seekers off shore including to former african colonies with question.