i'm ready to keep this baby was me laid up. in fact, i would not be happy to hand over the baby because we found in this. so if they don't take him on that we will keep him with us. we love him. daddy will gladly. that's my breaking news coming across right now. this our at auto international in moscow. india's defense chief has been confirmed, killed off for a helicopter crash earlier today in the south. the country a 12 other people also died. but as we understand there was one survivor general been out was 63 and had been the defense chief since 2019 or any of our stores you think you may have missed or you wanna update on just log on to our t thought. com for the meantime though it's hot, past the hour here at moscow, we are back soon with more blue . a video almost closer. pretty much with sure to coordinate

a record of lawyers to give them a video like you to form a be a good one. you wait a minute or more than, as we said, that the, you know, much doubtful you will like. but what i want to talk to my media studio and that jim, you to waste figured out those pay might not study city or is net compared to long term with the 9 in the ecosystem of planet earth and predictably is dying because there's too

much pollution whether it's landfill pollution collision or the rivers pollution in the oceans, pollution in the air, chemical pollution, permanent chemical, pollution, all the bio systems are dying. humans effectively estimating mass suicide, or species has become with the boom, but the one bigger show you care at the board to mit ambridge war. and i'm rachel blevins in washington. coming up, oil prices are out merely 5 percent as concerns surrounding the latest cobra. the variance and tensions continue to impact global supply full discuss a way to miami court has ruled in favor. man who claimed he invented fit coin will

tell you all about the case and whether it will have an impact on the foundation of the crypto industry. ed eli and los kaz weighed in on the bite and build back better plan, slamming the budget, and calling for the n t a. e. b subsidies. despite building tesla ops, those very subsidies. got a fax today. let's get to it. and we leave the program with a rally for oil prices, as both brent crude and west texas intermediate were up nearly 5 percent on monday and continued their rally into tuesday, up 4 percent. fears over the threat of the con, very appear to have ease for now as saudi ramco confirmed, it will increase its prices for crude in january, indicating it expects demand to continue to increase as well. now this comes after 6 straight weeks of losses. that's all the global benchmark down more than 15 percent, although it is still up 35 percent since the start of the year. now well effect plus that it will continue with this plan to increase output by $400000.00 barrels

per day next month. or ron's output continues to be hindered by us sanctions. after the latest talk centered around, returning to the 2015 nuclear deal fell apart last week and speaking of effecting oil prices, the chief executive of the world's largest oil producer saudi ramco is now warning that making the transition away from fossil fuels to quickly we'll have a devastating impact which wilson prices skyrocketing and result in energy insecurity, ramping, inflation, and even social unrest. so joining us out of this, just at all is given. mckelvey new c o of mckelvey financial group. now david, what do you make of the current state of oil prices? i mean, even with temporary concerns about demand, do you still see the same pressure on lowering prices that we were talking about just a few weeks ago? you know, price all told is gonna remain an issue as long as these variance crop up. markets have to try to factor in the bureaucratic policy responses,

put in motion the policies, care about case numbers. and we're going to try to treat the economic costs as secondary addressing what they consider the primary issue, health crisis. that that's what they're going to take aim at. so in the 1st round of their account in deaths that was dramatic, they were willing to do anything they wanted. now they're down to counting cases, which doesn't really move the needle for many constituencies, but it's still most policies. so the markets are watching the policy choices and you know, oil markets and financial markets both are looking for that policy fall out. so recent volatility reflects leverage players trying to determine the economic costs . and now david, i know we've talked a lot about the transition away from fossil fuels and how governments are finding it impossible to accomplish this feat overnight. obviously that's why they set out the timeline that 102030, sometimes even 50 years away. now what do you make those comments from saudi ramco, the chief executive that trying to force this change will actually result in energy and security ramp and inflation and even social unrest. brent,

i couldn't agree more. the u. s. as a case in point, as we've come out of the cobit pandemic, and the economy is picked up, we find that more fuel supplies would have been helpful to keep a lid on prices. but policy priority in favor of the carbon ization has limited drilling and actually closed. busy a series of pipelines for natural gas delivery by catering to one constituency. that is the environmentalist biden has forgotten that all his fellow americans pay the price for higher energy costs. so by misjudging the timeframes for this transition, he's already cost americans. a degree of financial security inflation in that sense of the political killer. and i couldn't agree more with the chief that it's out of your info ramp. and inflation was 1st cause actually by monetary policy than exaggerated by fiscal policy. and the cherry on top is, is what i would consider the sort of energy policy screw up. and yes, it is, it is impacting americans and it has some political ramifications. and i want to

put a little bit of a bow on the segment. david, getting back to kind of where oil prices sit right now because we've seen the predictions that oil could hit $100.00 or even $150.00 per barrel. but given that even with the latest losses and still 35 percent so far this year, are we expected to kind of get used to staying around $75.00 a barrel for the foreseeable future? and i have about 45 seconds left. yes. so i think if we continue to see the return to growth in the global economy, again, this is we're sort of limited new supplies coming on line and demand continuing to increase, then you've actually got support for oil over a $100.00 a barrel. i think some of those price projections become much more realistic with time, but if policy makers going back to your 1st question, if they tamper with recovery dynamics, now we're talking about 50 to 75 being sort of arranged that we're stuck in. and you get to shut downs are the key on the demand side. and that's what i would be looking for to get policies that simply restrict the restrict,

the or the world economy to function as normal. $50.00 to $75.00 is range bound order as possible. and i'll certainly be interesting to see where it goes and we'll keep covering it along the way, david mack, of any of the back of any financial. thank you so much for your time. thank you, richard. i threw in massive legal victory in florida for craig. right, the man who claims he invented bitcoin. now the australian computer scientist implied in a 2016 blog post, that he was supposed to knock a modem. the pseudo is used by the person or persons who develops bitcoin. so many in the crypto community have been skeptical of rights claim, in part because he has not moved any of the early bitcoin presumed to have been mined by the toshi. but the lawsuit was between the family of a man who claimed to have co created bitcoin, and the family was suing for half of rights bitcoin fortune. joining us now, disgust is blue bus co host an crypto analyst bend swan now ben, how large of

a fortune was at stake here? she had some pretty sizable fortune. we're talking about about 1100000 bitcoin. ok, that comes out by monday, prices to be worth about $54000000000.00. by the way, if you went to friday's prices, it's worth about $11000000000.00 more than that. so it's a lot a big coin, which means a lot of money. and so essentially what the lawsuit was over was whether or not craig, right? it was the soul inventor, a big coin. and by the way, these bitcoin, some of them that are a part of this lawsuit, are some of the 1st big coin ever mind. and the idea was to split down the middle between craig, right, and then david coleman, who was supposedly his friend and co creator of the coin. the jury obviously did not agree with this claim that craig right, was only a partial creator and they awarded him the entire fortune that 1100000 coin. wow. that sounds like the kind of story that we're going to eventually get

a movie made about because there's so many to has been turned so much drama to it. now we know that the former partner, david climb and dined in 2013. so what was the basis for this off it originally? he did, he died in 2013. remember for the big coin was 1st created in 2008 when a 1st came along. and so the basis of the lawsuit actually came from it's a state and specifically his brother, iraq is brother. i reclaimed that craig right. and david were friends and they were co creators, and they put this together, working together to create and now what's fairly interesting about this, you mentioned the big point community earlier. if we're talking about the big point community as a whole, i think most people who really look at this miners and people who really study big one, do not believe there is a single and soul creator of big coin instead, what they believe is something that they refer to as many do anyways, teens, potosi, meaning that credit right, certainly may have been part of the initial group to do it. he might have even been kind of the catalyst dreamer and thinker that created this. but he didn't do it by

himself and that there was a team of members teams that ho, she's what they call them, who actually created this collectively. so under one, you know, david's brother ira was suing for that's kind of the idea here that greg wright didn't do this by himself. but again, the jury didn't agree with that idea. and i think i mentioned being on the jury for this, right. for people who probably don't know much about big going to begin with and having to try to understand the matter. mathematical intricacies of craig, right. explaining to you how big coin works. i'm sure it was a fascinating kind of conversation. listen, but they didn't believe the idea that it was the co created products. but i mean, i guess there's a lot of things here that i have questions about because number one, you know, like you said, the crypto community, or like we actually said the crypto community with skeptical about this because they haven't moved any of that one point. 1000000 bitcoin, so is there any way to prove that he's even the custodian of these at this point? is that where the jury kind of ruled on the well that's i guess that's part of it as well, but i think there was no,

there was no way of being able to prove that that david clayman had anything to do with the creation of big coin i mean, how is his brother ira, are you able to prove it? right? what you're essentially saying is, i'm trying to prove that he was really good friends with craig. right. and craig, right, is the creator a big going thing. clearly, they must have done it together. so it's a very difficult argument to be able to make. the other thing that's interesting is that correct? right. he said that if he were to win, which he did, that he would donate the majority of those big coin to charity. just kind of interesting to me as well because why not just give that to the family of the guy who is your friend then that a charity? i totally understand that part of it. but the other thing that the family was doing for maybe this was part of it too. it wasn't just the big coin. they also wanted intellectual property rights to bitcoin as well. exactly what that looks like. i have no idea maybe that also heard their case in front of that could actually somehow dwarf the what? $54000000000.00 worth of bitcoin in the all right. one more question on this particular story. bad. so is the jury thing that cracked right? was the told you that's basically what they ruled, right?

i don't know the rule that he was the tells you, i think what they ruled was that it was more that craig right, was not a co inventor with david claimant. so essentially what you're saying is we don't have to prove the credit, right? did create bitcoin. what we're saying is you fell to prove that david claim and created bitcoin with craig, right? i think that's what they actually were looking at. it wasn't a question of whether or not to award those bitcoin to craig, right? it was whether or not to make craig right hand over half the big coin if he indeed holds them. and if he doesn't indeed hold them, then no else no foul because he doesn't actually have anything to hand over anyway . now there's another story and all of this. and we also wanted to mention which is that india has now created a proposed bill that will ban crypto payments and could even mean prison in time for those who violated what do we know so far about that? yeah, absolutely. i'm happy to move on to the next question, but no one even responded. when i said, i hope it made sense. and in terms in terms of india, i love yeah. in these, doing

a really weird thing right here, which is essentially they are, they are outline the making payments in bitcoin and crypto currency bow at the same time there simultaneously saying that they want to be the hub for block chain industries and the enough t industry wrap their head around that, that's harder than the craig right. story. so it is essentially zane is we want to be the hub of block in, in, in a piece. but we don't want anyone making purchases using the crypto currency. and if you do, we might just throw you in jail for it. so the idea that the law is being written this way to try to, i guess the, the correct term would be to have your take you needed to write. you want to be able to do all these things and also ban currencies being traded and things being purchased with crypto. i'd say it's totally backwards, have no idea how it would work. and i think you're almost guaranteed india in this case. you have no shot of being the hub of block chain in the industry. if you have a moratorium on buying and selling with crypto boom bus, pence,

one thief break and all that is today things that the world's 2nd largest academy is again moving to stimulate growth after their production has taken a hit this year amid supply chain shortage is anna major energy crunch, the peoples bank of china, confirm that for the 2nd time this year it will reduce the reserve requirement ratio for bank by half a percentage point. that means that starting next week, the central bank will release more than $180000000000.00 for business and home loans. now the move is expected impact not only the slowing economy, but also the world's most indebted company. ever grand reportedly came to the end of its 30 day grace period on monday without making any progress on the $82500000.00. it owed an interest payments last month. while the company says it is working to restructure its offshore debt with the help of local government officials, countless questions still remain as to how beijing can and will step in. now china is premier, so the country is working on new reform and he acknowledged the chinese economy is

deeply integrated with the world economy. don't want china in the process of overcoming difficulties, will keep growth, stable and steady, sustainable, and capable of keeping long term stability. china's reforms are constantly being advanced and china is opening up, is persistently expanding just it's out of a quick break. but when we come back, eli moscow say you get stands against the subsidies in biden's bill back better plan despite his company using some of the same measures, we're going to discuss it. and as we get a break here, the number to the quote with

what is the national mood? i suppose it depends on what kind of media you consume to say the nation is divided in highly partisan is an understatement. this is certainly what the national media wants us to think. what are we really so divided on what really matters? ah that breaking toil forced labor stress industrial injury. corporal punishment.

oh no. well, was which we're all familiar a i'll use it at the well, do you live in abolished slavery long ago? ah ah ah,

with welcome back, the world's richest man, those the united states congress should not pass that by an administration trillion dollar infrastructure package saying they should can the whole bill to us. we'll see you on. must comments came during a conversation at the wall street journal c o summit on monday, where he pointed to the spending bills impact on the insane federal deficit. now government subsidies for electric vehicle makers seem to be the issue here as mosque was quick to point out. his company had been selling tassels in the united states for more than a year. without this nation $7500.00 federal tax credit and demand is still as strong as ever. he had previously opposed a provision which would give an additional $4500.00 in tax credits to buyers of ease which were made here in america. using union labor mosque also shared his opposition to the $7500000000.00 and subsidies for new e b charging stations included in the bill. asking quote,

do we need support for gas station? we dealt there so there's no need for this. let's go ahead and take a look at this and the broader issue of government subsidies with our good friend jeffrey tucker, president of the brownstone institute. now jeffrey, i think it's fair to say you're a free market guy. probably not a huge fan of government and rented and agree on deficit. but template you on lots of companies in general. i really benefited from billions in government subsidies for years. but now that tesla is one of the hardest automakers in the world and may not be impacted in the same way, is he just trying to make sure other e v makers can't grow on the back of this government help? maybe that's a pretty dark summer. go out. look, you know, look, you're right. that test has benefited from government involvement and tax rebates and subsidies for manufacturing for years. but i think, you know, he's right in this case. i think he may be america's only honest plutocrat. it's

actually his company and sustainable on a town. and he knows that, you know, i, i think what, he's, whether you don't doing something, something's happened to my last couple years. it's like you've discovered the inner anarchist. that his mother raised him to be actually and, and, you know, he started some years ago when he gave up all the i p rights to, to technology, which i thought was kind of an interesting and bold move. but since then, he's just gotten kind of becomes a wild man, you know, going on, joe rogan and something is, knows the fcc and even when to get find it, he does it again opened up in factories and defiance of shut down orders. and then, you know, just denounced the locked downs and you're promoting those coil while they're all the time. and i think this statement to be made, you know, about the bible infrastructure situation was really quite bold. and right,

like i say, in our truncated and ronald political environment, have somebody to come out and say, no, this is whole bill is a disaster. you know, even though it could arguably help him, i think of a step in the right direction now could shift out proviso to that. of course, the vitamins tracy talk it's, it's a government, you know, gave us was one hand, a tax and the other. right. so this is all about promoting labor unions to but she doesn't want to have anything to do with those. so there is that fact, but still i think it is right about this is know, and actually it's probably going to hurt its passage, which is not, not sure. and in any case, i want to kind of makes you wonder, i mean, as you know and must saying one thing and doing another because we know that tesla is also received roughly 325000000 dollars in subsidies for new electric vehicles from the chinese government, so it's not just the united states making the nations most of that, i mean maker. so what do you make of kind of the statements he's making now versus

what he's done in the past? is there any indication that he's going to step away from government subsidies or no, i mean he sees is, is kind of wild man, but he's also a very savvy businessman. milton friedman wrote and something like $956.00, that the biggest enemy of capitalism out there are business men. that's quite true . i mean, we've seen that over the last couple of years, you know, where you have some of the nation's largest tech companies, being all about to lockdown the restrictions of the covered in p i's. and everything else is good to go because they saw that it can benefit them. so it's, it's, it's pretty discussed in to watch this kind of stuff. but still, you know, i guess she maybe you can just tell. i have some affection for you. i'm asking all is the a genius but he's, you know, and i, i news mother, you know, and, and he was, he was raised. ready yeah, he's just a fast name person, and actually i think in some sense a national treasure. so i think he deserves some congratulations at this point for

at least assuming this part of, of the sort of things that have been company. and i have to tell you that, you know, the success of, of, of, of who's endeavoured attention shocked me and shocked out a modem for lobby's li. it was amazing. i x i expect to take off, and i think a lot of the credit is due not just to government subsidies, but to his own entrepreneurial prowess. he has, he has an abundance. absolutely, and i mean, jeffrey, to a certain extent, i mean, i understand obviously i'm a little cynical, i play a little bit of devil's advocate on this show about a lot of things. but, you know, we often hear about the free market as are just better, and there are hundreds of billions of dollars and such, he's going to help private businesses every year. and to your point that maybe have great ideas, great technology are able to move them on their own, but those subsidies do help them move for further. and some would say, that's why america is seen as the greatest place to do business in the world. right? yeah, you have these economists out there saying they've been writing this, you know, for the last decade or something like that. the free enterprise would be nothing

without the government, you know? so i don't believe that. i think that's really just mix it up cause and effect. i think what you have here is opportunistic businessmen grabbing whatever money they can whenever they can, and try to beat the competition, as you said, by getting ahead of them, sometimes even favoring regulations against their competitors. i mean, you know, some years ago wal mart was a big champion of raising the minimum wage. and why would that be the case? well, they can bear the costs and they're, the competition can't. so yeah, they really just, you know, it is sometimes a dog eat dog world government helps the dogs, dogs. that's absolutely jeffrey tucker of the brownstone institute. always appreciate avenue, and thank you so much for your commentary to that. my pleasure. thank you so much. and finally, what gift rachel blevins you get for a loved one when you just can't find the perfect ida? well, the answer for the non creative family member me used to be some good old. busy fashioned cash,

but that may be changing as crypto lending firm blocked by recently conducted a survey, we found that nearly one and 10 americans could get crypto currency wouldn't give crypto currency as a gift for this holiday season. now it comes with no surprise that the coin was the most popular gift idea there, followed by mean token don't coin, and then a theory and now and if you have become increasingly popular. but the survey found only 2 percent of respondents are interested in receiving them. as a gift, probably cuz they're still trying to figure out how to give those isn't how they work, where they're going to come a little bit easier. right. and absolutely, and i think if you gave crypto to maybe not don't coin, but a big corner, a theory, i'm teaching somebody about the block chain about technology, about maybe even investing. although i do think it is fun. if you're a kid and you want to give your parents give you or a family member, or to give you like $7.00 with the dose, coin that 1000. that makes it seem so big. and that's true. and at least we know that if you're given there's going the holiday season, you're probably not watching it for this dive. you get boom bus on demand affordable to be available on smartphones and tv or tablets. google play in the

apple app store by searching portable tv. portable tv can also be downloaded on samsung smart tv, then roku devices or simply check out portable tv. well see next me i ah, max kaiser's financial survival guide. stacy, let's learn about fill out. let's say i'm it through, i can hear greece perm grief on banks of the site. wall street broad thank you for helping ah enjoy. 6 that right, fill out her desk slavery with

miss alice hop headlines here. what are tea joe biden is accused by republicans of surrendering to vladimir putin by dropping russia punishments from a defense belt. while democrats a drafting what they're calling the mother of all sanctions targeting moscow, and it all comes off to the president of russia and the u. s. held crisis talks ultimately triggered by tensions over ukraine. also in the program, we speak to an afghan family that found a loss and hot law during august. us withdrawal complaint desperate parents were just handing their children to western soldiers in any bid to get them out of afghanistan and do it suddenly i saw this baby on the ground. prying and paid was too hot and the baby was just wearing a shirt. so it was difficult for me to leave him. there had outrage boils of

a boris johnson.