because it doesn't seem to work what needs to be done to deal with the broad scope of what the fed does to have a meaningful impact on. all those things you just talked about were real. people are feeling incredible financial pain right now. well, clearly we need reform at the federal reserve. clearly we need individuals who are appointed in the name of diversity. and when i say diversity, i mean intellectual diversity. i mean, true sources of pushback on these policies that have proven to be such failures over the years. and you know, the, the idea of, let's keep the continuity of j pal going we, we also have to, i'm going to push back a tiny bit though. because j. powell does have ultimate, vito authority in the same manner as the president of the united states in the sense that he is going to continue to push back. i think, against the fed being mandated to control climate control to for climate control. that's not something that the fed has the tools to do. i think that j powell will, will stop, will draw the line at negative interest rates, or having

a central bank did digital currency. so what i'm trying to say is it could have been worse. you could have appointed, so he biting could of a point somebody who is even more devilish and would have made the progressive happy, but probably not been confirmed at the senate. but clearly clearly we're so far past due. i read a whole book about it. we're so far past due when it comes to fed reforms. it's an embarrassment as a nation to have an entity constantly trying to do to take away the value of the u . s. dollar. there are accomplishing it alongside fiscal stimulus gone wild, and it's hurting those who need inflation to come down the most. yeah, absolutely. and obviously what you're referring to when you're talking about the, the climate change issue, a lot of democrats overly, some of them were angry about this renan ation of drone pal. because they want him to step in and do that same thing. this is a mandate of the fed as actually control climate change issues. but let's, let's ask you this. so because the fed what they are doing, aside from what they're not doing, what they are doing, right, slashing interest rates to 0. that's obviously happened over

a period of the last couple of years, purchasing trillions with the t trillions of dollars a government debt offering to buy trillions of dollars more in loans and other assets to back stop credit markets. there are many people and i'll just be, be transparent here, including myself, who believe that the fed is destroying the economy and believe that the fed is destroying the value of the u. s. dollar. is there any positive side right now to any of these policies? i didn't know in the, in the, in the long term look in the long term we're all dead right. but also in the longer term room fell in the longer term. the british pound, sterling fell. and if we continue to do this, if we continue to facilitate as a nation to basically back fed policy, that creates zombie corporations. they couldn't even cover their interest expense if interest rates were it even remotely normal level, instead of at the 0 bound where they are. if we were only able to get rid of the dead would in the system, then we would be

a much more productive nation going forward. and we wouldn't be at, at such a risky, vulnerable point in world history. so i think we have to, to keep in mind the damage that the federal reserves policies since 2008, when they 1st went into and when they 1st took interest rates to that 0 pound when they 1st started buying now up to 8 trillion and more dollars of us securities to blow their balance sheet, these policies will eventually threaten the stability of the u. s. economy. and i think that that needs to be addressed and recognized. yeah, absolutely. in the future, we're all dead. maybe in the future, we're all broke as well. but stand by daniel, because i want to bring into this conversation, or tabio, emergency, the ceo of openness, l. c, and our tabio at a time when the new seems to send any kind of news. right. seems to send the stock market into a tailspin. i have no doubt the wall street probably wanted to hear that nothing's changed. in fact, they're the ones who benefit the most. i would think from the re nomination of j pal to a 2nd term for the markets. is this good for market to certainly seem to be today.

i think it's very good for marcus, at least in the short mediums of such a pal has been a fantastic support for the market. i think he's on for then move the market on any fed chairman in history. i mean, he's been absolutely sensational terms. driving marcus up, look at all the programs he put into place all the monitor policies, tool kit. so he sort of invented on the fly. it was, it was absolutely storing it just when i thought he had run out of trixie, come and came out with a new program buying new kinds of securities and bonds like that. so. absolutely. so he's been fantastic for markets and of course mom is very, very happy to see him. the question is, how good is this in the medium term now? and it's looking like he's reached the end of the road in his bag of tricks, i think. yeah, my expectation nazario is that if any one group in the world we're talking about here, right, is excited about this idea of more of the same or what president biden referred to in a statement as economic stability and success. it would be wall street, right? because after all, the fence policies, cheap money,

abundant cheap money. and if your world is to take on debt and to leverage debt, this is kind of been a dream scenario. and again, we see that with markets up today, they're very happy about it. but how does the fed when wall street off of its increasing dependence on these policies without ultimately causing a crash? i don't think it does. i don't think there's a way to do that eventually. so i think what's going to happen is the going to start to win wall street. and when that happens, people going to run for the door and we're going to run for the door the same time . so we're going to see a quite rapid crash once that happens. one of the curves, but i think we've seen in terms the biden instruction, some of the comments that maintenance in recent days in recent weeks is probably was in the offering for us because inflation is becoming an enormous political liability for the administration. and they're gonna have to do something else we have to show that could be taking a hard line on that. and we've heard them starts making noises about looking at corporations. price gouging and increasing prices too much, and the oil companies are forcing the price of oil too. i. i think they're getting

very, very close to stop say, in certain sectors, at least oil. i think the 1st one to look at is actually pushing some of the price control into place and doing that. and that's can be very, very bad for corporations and very difficult profitable. if you're looking at the price control racing. i expect that to start with oil and then expand out into other areas in the coming months. yeah, and that's going to be interesting why, how that plays out. danielle same question to you or give you the last word here. fed policies. as i mentioned, they feel like they're creating a level of complete dependency. markets can't be sustained without intervention in the future and everyone's afraid of the pain. every, every addict is afraid of the pain of cutting out dependency because there is very real pain. last word here. absolutely, i mean all you have to do do is look back to durham pals other 1st year in office 2018. so we'll have to wonder what 2022 looks like going forward. but in 2018 when the fed did try to normalize policy in 2018, when the fed did attempt to shrink its balance sheet, boy markets did not like it one bit and it forced, within a year's time,

it force what we now know as the powell pivot in january of 2019 and markets have been going straight up ever since then. but outside of the cove, it flash recession for 2 months. recession and ko, it's actually proven to be the best thing that's ever happened to the stock market . given the violent rally that we've seen ever since then, is our investors addicted to fed liquidity? absolutely, it will not be pretty if they truly try to normalize monetary policy. former veterans under daniel dean martino booth october, emergency of open with l. c. thank you both for all of that. thank you. for oil prices, we're up on monday, but still down overall from the past few weeks, there is a lot of pressure on the oil market right now. things to rising cobra 19 cases in europe. and then this potential release of japanese in indian oil reserves, in fact prices of the brand and west u. s. west texas intermediate w t, i crewed benchmarks. they feel more than

a dollar and early trading hitting their lowest levels since october 1st. so that is good news for oil prices. hopefully it translates into lower gas prices at the pump. remember oil prices, they're all driven by speculation. and one way to get prices down is to create supply, but not just create supply. have a plan for abundant oil. i want to talk to edwards about this former chairman of the permian basin petroleum association. kirk, thanks for being here. a been thanks for having made it. absolutely. so let's run through these numbers. just the news alone that the u. s. may open up the strategic petroleum reserves and the idea that indian japan might do the same. i'm really not sure that can happen in japan because under law, there it prevents using strategic reserves to lower prices. but again, the, at least the appearance, right, of more supply should be causing prices to drop. correct? well it's, it's interesting been because you've got 700000000 barrels of oil in the strategic petroleum reserve. and we probably use 18 to 20000000 barrels

a day to day here in the united states. so as you would say, quite a dumping of oil from the s p r to a fair process and they can't get it out that fast. it may be 2000000 barrels a day. they can get it out. what was your it can only go to a certain number of pharmacy. can't go to the east coast. you can't go to the west coast. so to me it's all smoke and mirrors. the strategic petroleum reserve is supposed to be there for our nation in crisis or catastrophic climate. of that, that might happen, which is not what's going on around, or there's plenty of oil in the world. and you shouldn't be trying to affect the price a politically. what the link of us are using right now in the senate in the house? well, i that i think that's a really important point, right? the fact that this is not an emergency situation, other than an emergency of the administration's creation. we'll talk about that in a 2nd, but on friday, just as an example, right, the white house, once again, pressing opec, an opec plus to increase production. fascinating,

because many critics would say that the u. s. just 2 years ago was actually competing with opec, not begging opec to do more. why can't we get back to that situation and is that entirely, again, a crisis of our own making. when you see us in the permian basin, they're going to produce $4900000.00 barrels a day in the permian, which will be record in the month of december coming out. that's incredible that we could do this in this country, but yeah, we have our administration looking to overseas both asking them increased production but not put people back to work and get good clean. and that's what really is important here is the cleanliness of oil that we produce here in the state versus coming out of opec or russia. we're especially canada, where we're importing for 1000000 barrels a day, easily as the dirtiest oil in the world, from how much they have to plan to burn their tar sands up there. so we should be putting people back to work here in the permian basin in mexico and mexico too,

because that's what's important for this country to get jobs in the keep people work here working here in our country. yeah, you mentioned the gulf of mexico. let's talk about that for a minute because it was immediately after taking office. president biden announced the temporary pause on the new oil and gas leasing on federal lands and waters. but then just a couple of days ago is administration quietly put 80000000 acres of the gulf of mexico. it's an area by the way, twice the size of florida on the auction block. it happened on wednesday energy companies by exxon mobil. they place bids, i think on just total of about $1700000.00 acres. so the question is, this is president biden kind of forced to stealthily drop prices by doing this without actually saying how he's doing it. so he doesn't get criticism from the left in this party. well again, i think he ran on that premise that he was going to ban all the drilling and get rid of all the oil. and as a country, we can't do that. you saw in britain in the nor see all the wind died down for a couple of weeks there. and then everybody went into an electricity crisis. we can

have that happen in our country and we need been all forms of energy. we need to when we need a solar, we need the hydro power this out there. we've got to have an oil and gas until we can transition to something else in the future. but for right now, we can't cut off a gas in this country and i'm pushed it really of the, by the administration, looking back favorably on oil and gas. this is probably the 1st step that we've seen is at least going on. but we probably some more, we don't, we asked united states producer to produce this overhead and put people back to work. and we've got plenty of what we could drill in the permian and that the code has a nice feel and everyone else in here in the united states, if the administration will let us do. but the administration's not right now you, you pointed out that they're kind of looking back. but my, my question i gave you one more on this is that it's the administration to whispering back that, hey, let's go back to fossil fuels and get some more, you know, pumped because we needed to lower gas prices. it feels like if you, if you just make some noise about this and say we're taking a hard stand,

a gas prices are too high and we're going to fix this problem. the prices would automatically drop to some extent if you'd actually take action. because so much of it's based on speculation and give you the last word. well, again, you do like control the world or price in so whatever their actions are right now. and also, we're sea cope and job backed up in europe. so that's creating a softening, effective demand that's going to take place over there in another part of the world . and until we can get everybody on the same playing field, knowing how much energy we need this country is the very interesting balancing act that we have to have in all parts of this world. so i'm very optimistic that we're going to have good production and united states ahead and i think it ministration is thing that we've got to have. and we've got to have these jobs going forward. and i'm hoping this is just again to start the stuff under this administration category, formerly of the permian basin petroleum association. thanks so much. thank you.

well, i'm now for a quick break, but when we come back, we're going to take you back to the british isles. where tre, tension continue between the united kingdom and the european union. we'll talk about it with hillary ford, which are the british american business association. and as we go to break, here are the numbers that the quote with

i saw a message from an unknown account because it had a sale for you with my passport. as it profile page. i saw pictures of my documents . it was, they also sent a credit contract. i had just 3 days comply with their demands to see if i didn't send money and they sent up an online hate campaign that i was supposed to be a very dangerous man. with a short don't seem an official, mr. but you'll someone at that this one to check with a lot of discussion.

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the country that the big one is legal. tanner's transform and the country transforming the people, transforming the culture, transforming the region. oh my god. and he really so thing. the cops right on police report is in december 2020, a group of anti finishes. fill out a film crew access for 3 months. so like if people organization, if an idea that it must be a pose, that channel out the gate, they may kill their faces, but they can see what they believe in. we believe in helping our community. we believe that our 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 matter 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

the back. if you watch the show regularly, then you probably know more about briggs than most of your friends, right? maybe all of them. you also know that the you, he broke away from the, you in an act of self determination. and you know that at times it's been messy. which you probably don't know, but you're about to is about northern ireland. it's a british province that shares a land border with the e. u. member of the republic of ireland and post brags it, there been a lot of issues between northern ireland and the you. but now the european union says there has been progress in meetings to fix those issues with again northern ireland. so one of those issues who benefit plan and hillary toward which board member with the british american business association, hillary. good to have you here. pleasure back to so let's start with the kind of the biggest issue here, right, the trade issues between the you and northern ireland. what exactly are they?

everything of a trade issues cover everything to do with goods and products and services, and there are, there are checks and border checks and this is a huge issue. i'm just going to give you 3 small examples, which is totally an awfully indicative of the big picture. one. there is a welsh company that exports lobsters. and when those loves does have to go to spain, the e, you actually will stop them at the border including that you border that is that border now in the irish, see because the color of the ink from the inspectors was the wrong color and hold them up for weeks, well, lots of can't wait for weeks till they get to spain, and this is what the e u is done by imposing this border. second example was that donuts that have cream in them? they have to prove that the insides on sausages before they get into the e u, across that irish border. and the 3rd one is that the queen's jibley is coming up next year. and in ireland, just like in the u. k, they want to plant oak trees to the jubilee, who now the soil going into northern ireland has to be proven that it's not contaminated. so what do these 3 small issues indicate then they indicate that

a lot of these trade issues are to do with the excessive controls, an excessive regulations that the e u has imposed. and that was the very reason for breaks it. it was these bureaucratic burdens that were imposed on businesses. yeah, exactly. by the way, how do you, how do you prove that the donor has cream in that sausage? right. it cut one open, but there's, there's a bullying that's happening here. exactly right. and the new shy it's pick how you yeah. okay. so then when we think about this original briggs, it agreement, right? deal between the u. k. and the you to say we're going to officially separate of us . there is something called an emergency break. yeah. that was built specifically for this purpose, right? to say yes, if you, basically, if you're poking at us, if you're creating problems, if you want to have a trade war, we can have a trade war, right? so it was, it was actually, it's unilateral. it's on both side guide a side can call it and what it's called is article 16 article 16 is supposed to be in terms of any excessive disruption of social life, business life,

anything that affects the community, and this has been affecting the community. it's been adversely affecting businesses thusly. it's affecting protect, affecting particularly medicines, going into northern ireland. the pharmaceutical checks are abhorrent and particularly those with diabetes and heart issues. the pharmaceuticals are being checked to such an extent that does excessive delays, and that's one of the main sticking points and trade issues. and so again this, this comes back to this idea that breaks it happened in the 1st place because the u . k said, we don't like this bureaucratic good idea. any buttons, right? and so instead will just make trade deals and we'll operate on our own. we don't need yes. unless trust actually the voluntary secretary, now foreign secretary, she implemented 68 tray deals with the rest of the world. so there's a lot of what a lot of people saying is let's just pivot and turn to the rest of the world. let's pivot to asia. let's pick patient pivot to indo asia. let's pivot the pacific and that's what it basically being put forward rather than dealing with you. and then

there's the other thing was you people saying, which is why put the border in france, put the board at the french border, not, not. and not in ireland. yes. right. and you mentioned about the irish c. right? so that's also problematic because in this, i guess scenario in what you're trying to fix it, you would essentially be saying then, so let's not send the lobsters to spain wilson someplace else. right. and work out the other place. yeah. other places in the world. absolutely. but of course, the issue is an issue remains that i'm southern ireland, the republic of on, on did vote to remain and that's why there's this board. and now, which means the, you really stopped at that bordering in island. and the debate about crossing back and forth over that border, even though in the past it's never been an issue still an issue. now i can even as a christmas, for example, people passing across the board to visit relatives and friends. they would have to have pet passports to even cross. now what has been called as is it being called as actually this is not the full fact. now, this is skim milk legislation because it's only been adjusted full fat. in other

words, all of these regulations, the checks are supposed to go into effect in january and what both sides are trying to avoid is all of those checks going into effect in january. sounds like a mess. hillary ford, which with the british american business association, you made it clear. thank you so much. tasha finally, today i want to talk about my 2nd favorite country in the world. el salvador. yes. the soon to be bitcoin capital of the world. why soon to be. because el salvador not only has made bitcoin legal tender, but the country is now planning to construct something called bitcoin city. oh yes, bitcoin city will be constructed near a volcano. it will be funded by you guessed it, big coin, the country president announced saturday. the bitcoin city will have residential and commercial area services, entertainment restaurants, and an airport construction in the southeastern part of the city. country, excuse me, will begin in 2022. the city will have no taxes except from of that tax of value added tax love them hate them, doesn't matter because regardless of how you feel, el salvador is experimenting with concepts that so many people in the austrian

economic encrypt currency space have only theorized for decades and el salvador is now testing those theories. a beautiful thing. well, that's it for this time you can catch boom bust on demand on the portable tv app, which is available on smartphones and tablets. you can get it through google play or the apple app store by searching portable tv. portable tv can also be downloaded on my song. samsung, smart tv, excuse me, and roku devices are you can check it out at portable dot tv. and we'll see you back here next time for is your media reflection of reality in the world transformed what will make you feel safer?

isolation for community. are you going the right way or are you being led somewhere? direct. what is true? what is great? in the world corrupted, you need to descend a join us in the depths or remain in the shallows. i saw a message from an unknown account because it had a cell for you with my passport as its profile page, i saw pictures of my documents. it was, they also sent a credit contract. i had just 3 days comply with their demands. if the, if i didn't send money and they sent out an online hate campaign that i was supposed to be a very dangerous man, a

wrong one. i just don't know if that is yet to shape out disdain because of the applicant and engagement. it was the trail. when so many find themselves will depart, we choose to look so common ground. ah ah ah ah ah ah ah ah,

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the key moments which she is legally as she shared. and he really is something that cops right on police report. it's an all cash in december 2020, a group of anti fascist, fill out a film crew access for 3 months. so if people are organization, if an idea that it must be a pose as channel out the gate while they may kill their 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 united states has gotten reuben, this is a chance to see who on t for really off, in order for me to extract my 1st amendment right and say that my life matter have to be on to the t for the all american rejects for the police, we chance was the government. we can't trust anyone except ourselves to protect

ourselves in what i will never accent idiots who under the guise that we feel satisfied. he's pure violence against people. the dutch prime minister, the lashing out against protest, this of the knights of rioting against tough mm. lead restrictions, as case a surge, and a lot times of re imposed across europe in the fight against coven, main time. russian scientists claim their brand new nasal spray vaccine. could help increase uptake among the public and effectively flight the transmission and in new york, a survey shows more than half the city's police wish they never joined the force. we hear from an officer about the increasing pressure they face. when you have to work the official shampoo campaign promises, we're going to be active. we prosecute cars are in the will.