trotting party official calling the post callous and reprehensible we spoke with spike co in 2020 vice presidential candidate from the libertarian party. he says, the only connection between these 2 incidents is that they both happened in wisconsin. whatever point she thought she was making, it was not a point to make. it is not comparable to what happened with the cow rittenhouse situation in the 1st place. and even if it was in the midst of the massive human suffering that's happening after this attack for her to go on and try to make some snarky comment about it. i think it is disgusting for anyone to look at a tragedy like the walk of shaw, mulling truck malling that happen and try to score political points or make a snarky joke about it. i think that a underscores, a underscore is a great problem with the toxic nature of the political discourse that is increasing in this country. the problem is that you have this increasing division in the

country and possibly even worldwide right now we're anytime something happens, whether it's good or bad. people immediately try to figure out how to dissect it and make some kind of comment. usually a sarcastic comment to try to dunk on the other side. there shouldn't be an other side on this. that's what we're talking about. this are reporting for moscow. it's kevin over here. thanks for watching today. wish me a great tuesday, but please don't go away. we got a great show coming up, paying your part of the world, the bus from i stayed side studios very shortly. ah . a wrong one, i just don't know. any world. yes, to shape out. disdain becomes the answer to an engagement equals the trail.

when so many find themselves worlds apart, we choose to look so common ground. i miss with well, this is moon bus one business show you can't afford to miss. i've been one in washington coming up. jerome pal is up for another term at the federal reserve as president biden has nominated the current head despite push back from some members of his own party. straight ahead, we're gonna dig into the fresh nomination and what it means for the nation's economic recovery. and oil prices are coming back down to earth as hopes of fresh supply can help ease the global demand. but we're going to bring you up to speed on

the very latest developments from the energy sector and briggs that continues to strain trade relations between the united kingdom and the european union as issue persist along the irish border. we have a factual today, so let's get right to it. and we begin today with this announcement to keep things as they are with the federal reserve bank. yes, president biden is set to nominate federal reserve chairman jerome pal to a 2nd term to lead the central bank. so let's break down exactly where things stand at this point because keep in mind it is the fed policy of printing u. s. currency non stop and without concern for impact of the economy, that may be the biggest single contributor to skyrocketing in inflation, inflation that is not transitory and it is here to stay. so here's the statement from the white house quote, if we want to continue to build on the economics success of this year, we need stability and independence at the federal reserve. and i have full confidence after their trial by fire over the last 20 months. that chairman powers

and dr brainer will provide the strong leadership that our country needs. this was a statement from president biden on monday. so let's break down exactly what this means because it means a lot and who better to talk to them. former fed insider yell d martino boost danielle, thanks for being here. so jerome pal will say on as the fed chairman, it appears and president biden will also nominate fe, governor leo brainerd, as the vice chair of the central banks board of governors. but in the statement that we just read, president biden the same, we need to build upon the economic success of the past year. it's obviously spin, no doubt about that. but come on, economic success as a result of fed policy. what am i missing? it doesn't seem like you're missing a thing and by the way, thank you so much for having me on this afternoon on this historic day. you're not missing anything. there's to call this year at economic success when a pound of bacon yesterday, the grocery store was $9.49 is absolutely ludicrous. inflation is eating americans alive, especially though the lowest income earners inflation is a regressive tax. and it's also hurting the, the fixed income,

the retirees of the world, who they don't have the capacity to spend more at the grocery store. they don't have the capacity to fill up their gas tanks. when when gas prices go up, they don't have the ability to pay a much higher rent if their rent is increasing by $10.00 or 15 percent. they're on fixed incomes. so i think what he's, when, what he meant to say was that he wanted to ensure stability in terms of the fact that the stock market not going down, which is obviously part of the fits mandate and, and, and accomplish through the conduit of, as you said, keeping that printing press going 247 monetizing every last penny of us debt. yes, absolutely horrible. you know if you're rolling down a hill right, you're crushing and falling and tumbling over yourself. it does create instability to stop yourself at some point. and i feel like that's what they're referring to when they're trying to keep stable, stable, they fall down the hill and keep the momentum, but it would be easy for us to sit her and beat up jerome powell all day long. we could probably do it for the entire hour, but honestly the issues with the fed, they are just powell issues, right. that the very nature of what the fed is trying to do,

whether it's drone pal in that seat, whether it's janet yell and doesn't really matter. they want to manipulate the economy in a way that allows for the most control over markets possible. they believe that's the answer right? the question is though, 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 had proven to be such failures over the years. and you know, the idea of, let's keep the continuity of j. powell 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 the j powell will, will stop will draw the line at negative interest rates or having a central bank digital currency. so what i'm trying to say is it could have been worse. you could have appointed, so he biting could have appoint 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. do 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. they're 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, what you're talking about, the, the climate change issue, a lot of democrats overly, some of them were angry about this renada nation of drone pal,

because they want him to step in and do that. they think this is a mandate of the fed as actually control climate change issues. but let's, let's ask you this though, 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 a 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 think, you 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, rome 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 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 it 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 top of your emergency, the seo of openness, l. l. c, and r. 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 power has been a fantastic support for the market. i think he's on for then move the market. any fed chairman in history. i mean, he's been actually sensational terms driving marcus up look, all the programs he put into place all the monitor policies to kids. 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 up 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 was 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 his 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 that 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 what's in the offering for us. because inflation is becoming an enormous political liability for the administration and they're gonna have to do something about 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 stock, 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 have very difficult, profitable. ready if you're looking at a price control regime, 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 power pivot in january of 2019 and markets have been going straight up ever since then. but outside of the coven flash recession, for 2 months, recession and co, 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 that are daniel dean martino booth october emergency of open was l. c. thank you both for all of that. thank you for oil prices were 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, coven, 1000 cases in europe. and then this potential release of japanese and indian oil reserves, in fact, prices of the brand and west us west texas intermediate w t i crude 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. kurt, thanks for being here. a been thanks for having me today. 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 india in 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 price at the 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 dropping of oil from the s p r to effect crisis and they can't get it out that fast. it may be 2000000 barrels a day that they can get it out almost 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 may 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, 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 $449000000.00 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 look into overseas, 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 and in mexico and the 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 he 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 led by exxon mobil. they place the 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 bam,

all the to roaming and get rid of all the oil. and is this country? no, we can't do that. you saw in britain, in the north sea, all the wind died down for a couple of weeks there. and then everybody went into electricity crisis. we can't have that happen in our country and we need been all forms of energy. we need to, when we need a solar would need the hydro power this out there, but we've got to have our 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 hope that we 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 is 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,

and i'll give 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 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, i give you the last word. well again you do like control. busy the world or price in so whatever their actions are right now. and also we're sea cope and jump back 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, it's a 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 some 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 trace engine continue between the united kingdom and the european union? we'll talk about it when hillary ford went to the british american business association. and as we go to break, here are the numbers that the close a

ah ah a ah. what about if you watch the show regularly than you probably know more about brags than most of your friends are maybe all of them. you also know that the u. k 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 breaks it. there been a lot of issues between northern ireland in the e u, 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 that 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 the 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 are totally an awfully indicative of the big picture. one. there is a welsh company that exports lobsters. i'm one of those lobsters 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 i'm 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 they're queens, jibley is coming up next year. and in ireland, just like in the u. k, they want to plant oak trees for the jubilee. go now the soil going into northern ireland has to be proven that it's not contaminated. so what are these 3 small issues indicate been they indicate that a lot of these trade issues all to do with the excessive controls and 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 there to craig,

maybe cut one open, but there's, there's a, a bullying that's happening here. exactly right. minutia, it's pick how you. yeah. okay, so then when we think about this original briggs, it agreement, right? deal between the u. k. in the you to say we're going to officially separate of us. there is something called an emergency break 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 guy, the 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 is been adversely affecting businesses, thus it's affecting protect, affecting particularly medicines, going into northern ireland. the pharmaceutical checks are abhorrent and particularly those of diabetes and haunt 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. the break that happened in the 1st place because the u. k said, we don't like this bureaucratic good idea how to buttons, right. and so instead, what we just make tre deals and we'll operate on our own. we don't need yes. let's trust actually the poetry secretary, now foreign secretary, she implemented 68 tray deals with the rest of the wall. so there's a lot of what a lot of people saying is let's just pivot and, and turn to the rest of the world. let's pivot to asia, let's pick pivot to indo asia that's pivot to the pacific and that's what it basically being put forward rather than dealing with you. and then that's the other thing was you people saying, which is why put the border in france, put the border at the french florida? not an island, not in ireland. yes. right. and you mentioned about the irish sea. right. so that's also problematic because in this i guess scenario in which you're trying to fix it, you would essentially be saying then, so let's not send the lobsters to spain will send them someplace else. right. and

work out deal the other place. yeah. other places in the world, i lutely, but of course the issue is an issue remains that on southern island, there are public abandon did vote to remain. and that's why there's this board. and now, which means that you really stop 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 say 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, as it been 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 pleasure. 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 big coin city. oh yes . bitcoin city will be constructed near a volcano. it will be funded by you guessed it, bitcoin. the countries president announce saturday, the bitcoin city will have residential and commercial areas, 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, paid them, doesn't matter because regardless of how you feel, el salvador is experimenting with concepts that so many people in the austrian economic crypto currency space have only theorized for decades and also widower is now testing those theories. it's 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 if you google play or the apple app store by searching portable tv. portable tv can also be downloaded on

the smart sung samsung, smart tv, excuse me, and roku devices. or you can check it out at portable dot tv. and we'll see about here next time. ah sure don't seem an official, mr. hatch or someone at the school to check on a sunday to wash them discussion instead of it. and once you see that they've gone yet, you should put in a new, beside bexla, me at the whipping that they should usually should almost failed. so

what i'm going to look up in video took the test once initially, right? yes, the key moments it she's leeway and she shared i saw a message from an unknown account because it had a self who with my passport as its profile page, i saw pictures of my documents. it was they also sent a credit contract. if i had just 3 days, you know, comply with their demands. if i didn't send money i, they sent up an online hate campaign that i was supposed to be a very dangerous man. yeah, we're still in el salvador now or in san salvador. it's done all popping off here,

the country's into the big y as legal standards transforming the country, transforming the bayport, transforming the culture, transforming the region. oh, my god. a story. first thing, coordination with allies on the u. s. the days we're leasing strategic goal reserves to breaking down. so price is up to failed attempts to convince opec to boost production. ah, what i will never accept is idiot soup under the guise we at dissatisfied is pure violence against people. the dutch prime minister, lashing out a protest as of the nights of writing against tough new covered restrictions as cases surge and lock guns of re imposed across europe. and in new york, a survey shows that more than half of the cities police wish they had never joined the force. we hear from an officer about the growing pressures we have the official boot campaign on promises. we're going to be active. we prosecute cops or what else

could you.