which are more correct or of greater importance than others? too bad? nobody but the brits really thought like that. oh wait. what about the british council? better start looking for another name before it cancels itself. let us finish with a recap of the developing situation in hong kong. hundreds of people are trapped on the brief of a shopping center after a fire broke out. according to me, the reports of the 350 people are waiting for assistance with far, far it is the scene rescuing those who are trapped. 8 people have reportedly been taken to hospital will bring you more on the situation next hour. ah ah.

london love polls, particularly when polls further a certain political agenda when polling has a check her history as of late the last 2 election cycles tell us as much should we put much stock into polling anymore if so, then why this is boom bus one business or you can't afford to miss america a bridge a bore in washington. here's what we have coming up. oil is edging down and, and certainly in a new year approaches, we'll discuss what we can expect. the busy travel fees and for the holiday picks up . this, as the federal reserve meeting is underway in washington

d. c. the 1st since jerome how announced a new way forward for the central bank will discuss what we can expect and the impact on the economy. and that client has cleared a major milestone as most of the crypto has been issued. later on, we'll take a look at what's next for the world's largest crypto currency. we have a talk show today. so let's get started. really the program with oil as the on the kron variant continues to create uncertainty in the market. opec and it's oil producing allies say they are expecting the impact on a demand for the latest strain to be mild and short lived in their latest monthly report. now the cartel is also projecting the world will consume more than $99000000.00 barrels per day for the 1st quarter of next year, and upward or vision of more than $1000000.00 barrels per day from last month's forecast. meanwhile, as opec plus is ramping up production, some nations are tapping strategic reserves. the international energy agency says

oil supply is set to overtake demand starting this month on the news oil prices drop tuesday with the international benchmark. brent crude falling as much as 2 percent to just over $72.00 per barrel, while west texas intermediate last more than 2 percent at point throughout the day dropping below $70.00 per barrel. they did come up slightly to close things out. so what is the outlook for oil in the coming month? joining your doctor just is david tower. he is the president of pro chain capital, always a pleasure to have you on david. now with all of those factors we just mentioned, as well as a slow down in air travel due to the cranberry. what should we expect for oil prices in the short term? at least i don't think we'll see anything exciting over the next couple weeks. i expect that the, the oil markets will probably go ahead and track the stocks are out there. i don't think that we will hear any of the big news relating been already is that is going to help move the market. i think we're gonna go ahead and see is what holiday

travel looks like in the month of january. and then i'll see whether the cranberry is really putting the damper on on economy and travel. or in fact, it's just passing and we'll probably see more variance like this over time. yeah. and we know that there is a lot, a lot of moving parts there with the upcoming holiday season. now another thing to keep an eye on here is the fact that the u. s. energy information administration said on monday that crude output from the permian basin, which is the largest us oil field, will hit records in january. what's the expected impact of that? i think that hi and is telling very different story. so the actual store so record output is really good, but consumption is continuing to go up to if you know the output,

it's not going to keep pace with the consumption. then frankly, the price of oil is going to continue to go higher. so because of the demand, more importantly, rachel is the fact that there is a lot less than investment going into the ground. so even if we don't get to record prices in the near term or in the medium term, the lack of investment and there is certainly a very loud cry for this around the world that oil majors are not putting money into the ground in order to go ahead and develop oil fields, they're redirecting resources towards renewable energy. and so therefore, at some point, as you know, if you don't put money into the ground that oil stops flowing at some point. so therefore, you know, more of the medium term and into the longer term we're going to see much higher prices unless there is development capital put in, put into the industry. and i was actually going to hit on that next because, you know, that seems to be

a big trend that we're seeing is investment number one. oil companies don't want to invest as much because they can see on the horizon. all of this policy that's pushing towards green energy more so they're also not getting the lending from banks. and that's actually something that the saudi oil minister said, which is that in the next, by the end of this decade, that you're going to see 30 percent less production of global oil due to this exact issue of investment. so how big of a deal is this, especially moving forward? enormous brand. it is a huge deal. it's not a huge deal for tomorrow, but it's certainly a huge deal 3 to 5 years out from now. the, the world's oil consumption is continuing to go up. we're not gonna hit that until somewhere in the 20 thirty's. and so therefore, until that point in time, we've got to have increasing production around the world. if they are putting money into the ground, there's going to be decreasing because production at some point. and so therefore,

the vectors are going to start to go ahead and go in different directions, and we're going to have a very, very big problem. and this country, the united states, is particularly going to have that problem because we're a huge producer. we decided to go ahead and not only take the, the, the, the, the pedal off of, sorry, the foot off the gas pedal, but we've decided to go ahead and start to push down on the brake pedal as well. and so therefore, we're going to have a big problem here and we're going to be reliant on those oil producing countries that will continue to go ahead and support carbon emitting fuel sources in order to go ahead and continue with our economy. and i just said, i know this is a very broad question, but i guess what we talk about this, we always talk about the issue with the fact that moving to green energy to quickly or we're putting out these promises really create the issue that you're talking about exactly right there, but the fact is what is the right way to go about this? eventually we are going to transition to green energy. if you were

asking about the financially correct approach, it would be a very balanced approach. you know, there would be some sort of calculus that for every barrel of oil, you're going to go ahead and take off of the market. that needs to be replaced with a certain amount of renewable energy. and so therefore, the transition could, in at least in theory, be smooth. we don't have that. and that's because, 1st of all, the, the climate situation may be at a point where it is so dire that more needs to be done in the very near term in order to go ahead and stop the changes that have been happening climate, but more, more forcefully than that, the, the politicians and the policymakers are certainly, you know, acting in ways that, you know, have, you know, fits surrounding them. and so therefore there's going to be way more, you know,

kind of fall out from all this. then then, then there should be, frankly, absolutely, i mean obviously that's a giant conversation and we'll have that conversation one day, but unfortunately we are out of time in this. i mean david, tell approaching capital always appreciate your insight. pleasure guys have a good afternoon. thank you. and the better reserves federal open market committee began its monthly meetings on tuesday marketing. the 1st time officials have gathered since chairman jerome powell told congress he is considering pushing for a faster and to the banks, easy money, policies adopted at the start of the pandemic. now this could mean the fed ends in tape of asset purchased by march of 2022. many people are saying that it could also mean the central bank begins raising interest rate by the middle of next year. now the expected change in policy comes as the binding administration says power for a 2nd term. and as inflation here in the u. s. continues to skyrocket, increasing from 30 year highs in october to nearly 40 your highs in november. but

if there is anything we have learned about, powell, it's that he is concerned about saying or doing something that will have a significant impact on the stock market. that, of course raises the question of whether his policies will have a major impact on inflation. as it continues to be anything but transitory to joining us now to discuss is octavia, the ceo of optimist, l. o c. now octavio, what our investors looking for from the federal reserve this week. i mean, is there a sense of urgency to do something given that inflation is now rising at its fastest rate since $982.00? well, i think j pounds are laid out fairly clearly what the m c is doing and what the new york fits trading desk is going to be doing in terms of purchases that they're taping, that they've laid out really clearly i don't expect that to be a major shift away from what they just said a few weeks ago. so that would undermine, i think, a pals credibility or i should say undermine it's credibility even more than is

done to himself in the course the past few months. but so i don't expect that he's made sure that looks like that tapering they should complete that tape or sometime next year. exactly. want to know march middle of the year, something of that sort. and then we'll see. but, you know, this is a fairly slow process, and i think the, the central bank is deathly afraid, as you pointed out, of impacting the equities market. it seems that is almost the primary concern at the federal reserve members keeping actually markets high. it's not so much the inflation goals or seems to be a much more slow moving target or employment numbers is really about keeping the market up. that seems to be the primary policy concern the for the fed. well, and i told you, i know we talk about this a lot and we've often pointed out that it's not the fed job to prop up. equity is markets. obviously, those have somehow been, you know, correlated to the general economy. but in reality, it's not. so it raises the question and for that matter, as we start to see the paper, we haven't seen the so called tantrum. so we make that well,

we've only started the tape for and i would say this is a bit like a heavy cigarette smoke or smoking 40 cigarettes a day saying i'm going to cut down to $39.00 a day next week. and that's about the pace of things that we're looking at. so it's a very, very slow table. and i think built into the market assumptions about power options that he'll try and find some reason to not do it. but my look back in 2018 when he took over, they were exact the same situation that now it's even worse. they were trying to raise interest rates. the equities market had a bit of a panic and they back down and they said ok, we're going to go back to 0 percent interest rates. i think that's like happened here as well. so if he continues tapering the bond purchases, which will have the impact of increasing interest rates, the market is likely direct, very, very badly jeep house record so far is that he backs back then quite quickly when that happens. so i think we can expect to see that again, and that's course baked into the market, thinking about how j how's going to react and what the fate is going to do. well,

i mean if he basically then bowing to wall street, saying essentially that if they sell off quick, if they make that concerted effort to move forward with the sell off markets go down, they could just push his hand to raise interest rates to reinstitute q. it seems kind of a little scary that way, tail wagging the dog if you want to have it. you know, i think fed chairman owns about the markets but have certain plays a lot of important to have the stock market is doing since alan greenspan, at least so for quite some time now. the chairman of the fed have paid a lot of emphasis on the market now i was doing, and it seems that every time the market goes down by 10 percent or more, they step in the market. so i don't know if that is the tail wagging the dog or how you want to pull out the best way. but certainly, it seems to be one of the major major concerns of the fed and that we can argue with, that's right or wrong, where they should be concerned about the market somewhere. but the fact is they are, and they look to stipend very, very aggressively. when the market's misbehave, and we certainly think that play al,

especially in last year now you mentioned power credibility, and i know that one of the things he has been saying is that the fed wouldn't raise interest rates until the u. s. reached maximum employment. now we're seeing reports that, that may start a little bit earlier, even as early as june of this year. would he be breaking another promise in that says, and why would he tie interest rates to employment in the 1st place? making promises, i don't want him to accuse him of misleading the public of things, and certainly he has shown that his reserve in the right to become more intelligent with time. let's, let's put it that way to, to make an actual blanks. now why is he tying unemployment inflation and interest rates together with his old that's old economic theory that somehow unemployment inflation and tied together that the higher employment goes, the more inflation you get. and so there's a tradeoff between the, to the circle phillips kind of, i think that's been discredited many times, but theoretically and empirically j pounds pounds help us that,

that relationship doesn't really hold anymore held very tightly 50 years ago. but now it doesn't mean so it's been very ambivalent about that, but it still seems underlying it, the fed policy decisions are guided by the idea. the idea that as employment goes up and face goes up with it, and we can control employment levels with interest rates, and therefore we can control in placement. so that's the thinking. i know it's very tortured logic is very hard to follow, but that's, that's what it is. that's where they stand and that's how they make the policy decisions are and i 5, and i know i've been being a little bit negative today. maybe even a little bit pessimistic, but i have one more for you before we go. i mean, the question is we talk about all these decisions, the q, e, tapering, we talk about the rate hike possible rate. is there any proof that this is actually going to lower inflation? that's been at a 40 or high? well, you can look historically keen interest rates aggressively has a very dumpling effect inflation and we were talking about what the inflation rates

were 19 eighties and how the how they would bear in mind to get that on the control that then the fed volker has increasing almost percent. so you have to have a very, very aggressive increase. and i think what we're seeing so far is not nearly enough to happen. so obviously with the study and i think go merrily on the way it was inside the business place and keep going up until the factors about that. i think that's come to political pressure because these very high inflation laid out to becoming normal bliss reliability for administration. they don't have to show the public to do something balance, it just rates, which is something we're going to take into account. and i think that might take on other measures as well. i wouldn't be surprised to see them put into play some sort of price controls if inflation level keep going up, they say. but we have to show the palate will be says about this list. price from human jersey. and we might see that coming down to that as well. yeah, certainly a lot of space here and we'll all be waiting to see what chairman jerome pal has to

say tomorrow. octavio mirandi of open this l. l. c. thank you for your time and insight. now, if you are in the market for a new smartphone, you will likely find yourself choosing between the 2 major operating systems i o. s . use and iphones made by apple, an android which is owned by google. well, it's those 2 tech giants that are now the subject of a 445 page report from the u. case anti trust regulator, which describes the companies as having a vice like grip on the consumers who use their products, their report notes, a ways in which apple and google lock consumers into their ecosystems. encouraging users to choose their apps and making it difficult for 3rd party vendors and browsers to compete at all. now the anti trust regulator is accusing apple and google of limiting innovation and choice, which it says has an impact on millions of consumers in the u. k. a load this report is one of several from the you case competitions and markets authority,

which is calling for the british government to give it more power to target tech giants and their dominance in the market. both apple and google, of course, have denied the accusations and said they value competition. i bet they do while defending the exclusive nature of their products. a final report from the regulator is expected to be released in june of 2022 and time. now for quick breaks, but when we come back to point has a major milestone, we'll break it all down and discuss what it means. we're the world's most popular crypto currency. and as we go to break here, the numbers with i'll look forward to talking to you all. that technology should work for people. a robot must obey the orders given by human beings, except when such order that conflict with the 1st law show your identification. we

should be very careful about artificial intelligence at the point, obviously is too great truck rather than fear. a very job with artificial intelligence, real summoning with a robot must protect its own existence with abundance love poles, particularly when poles further a certain political agenda when pulling his a checkered history as of late the last 2 election cycles. tell us as much, should we put much stock into polling anymore? it so then why? the me

welcome back december 12 may have been just another day to most of us, but it's an important milestone in the crypto currency world. it was on sunday, the crypto advocate celebrated the fact that 90 percent of the entire supply of coin has officially been mind. let's reiterate that of the 21000000 bit coins that will ever exist. 90 percent are now in circulation. so what does this major moment for the world's most popular crypto currency mean? well, i'd bring it by co host the crypto analyst bend swan to discuss. all right, bad, let's start with this. how significant of a milestone is this? yeah, i think it's pretty significant, as you guys pointed out, 90 percent, a pretty big number and we're talking about the fact that big coin and again, the thing that makes it so unique. remember, big one came along in 2008 at the time of the financial crisis. and the whole concept, there was government currency created by central banks and governments ultimately

becomes the value because it's abuse. and so we create this finite supply of digital currency that is bitcoin. and there is, as i said, a finite supply, which means you can't print it into infinity. you can't print any more than will ever be created. and at one point will have all of it created. in fact, around the year 2040 is when it's expected that all bitcoin will be mind. and that's a pretty exciting thought. if you think about a 21000000 bit coins will go into circulation, and that's all there will ever be. wow, that's fascinating to think about. now as all of this was happening, a number of users on red, it began asking questions about how much bitcoin is stuck in unrecoverable wallet. is there a clear answer to that question? no, i don't think there's a clear answer to it. i mean, it's kind of based on a few ideas. one of them is you can monitor, of course, because you have the ledger, right? it's a trust left system with, with the court. another currencies trust list, meaning you don't have to trust that you can verify everything for yourself, doesn't require trusts on your part. and so one of the things you can verify are

the coins and the tokens that are sitting and wallets out there. you don't know who they belong to, but you can verify whether or not they've been moved or whether or not that was access them. and there are some that have rarely been moved or never been moved in the past 10 years. and so it's estimated that about $1.00 to $1500000.00 or $1500000.00 bitcoin are sitting and wallet someplace. but actually there's been some analysis has been done recently by some other groups looking again at what's moved and what hasn't. and the estimate now is it long, some experts, anywhere from $3.00 to $5000000.00 coin are sitting in wallets and they'll never be able to be recovered. and the idea behind that, by the way, that's actually a positive because when you have the coin that can never be recovered, therefore never go into circulation, it can never be spent. it actually boost the value of the big coin that can be. and now band with all the talk about inflation right now, one of the interesting facts about bitcoin is that it's inflation rate is actually lower than that of central bank and expected to continue to drop. so with this whole situation is that mean there's going to be less volatility here in bitcoin?

well, the volatility will really come down to trading, buying and selling. so that won't change based upon the inflation rate, the inflation rate for big coin right now with anywhere from about 1.75 to 1.8 percent still lower than as you said, you know, the 2 percent that we're seeing right now coming from the central bank federal reserve, but what's interesting about big point is every $210000.00 blocks that are mine. big point actually has a have having, right, how being hate that word l v i is basically cut in half. and so that's essentially how it works. right, and so each time that happens, there is another one of these happening events. what you wind up with this eventually you get down to 0. and when you get to that point, when there's no more bitcoin to be mind and no more big going to be cut in half, which will end up with is ultimately of interest rate that runs about one percent. so it's kind of interesting how that work and by the way, another interesting fact here when you get to that point where there's no more big going to be mind between minors don't go away. in fact, they'll actually then begin simply securing that work and processing transactions.

because the idea of course is that people will still spend use bitcoin. and so someone has to actually process those transactions that will be the big coin minors who currently are minding the one that's really interesting especially to think about i know whenever people hear that 90 percent of it has been mine, they think that there's some kind of endpoint, but it keeps going on and on forever. and i know you mentioned that you know, a lot of people, they may by bit coin, keep it in a wallet and leave it there because they're watching that price go up. now at the same time, i also want to bring up the latest comments that have been made from you on must now times person of the year. but he made a point. we've talked a lot about which is a bit coin is not well suited for transactions, because it can be slow and cost a lot. but he claims that the answer here is doors, coin, a silly joke, as he puts it, that it is better suited for transactions. is there any truth to that? well, there is true that those going is actually much better see different transactions. like i said many times, as you guys know, i'm the show that big coin is actually

a very poor coin when it comes to the functionality of, of point of purchase, right? if you go into a store and you try to use big one to buy something, it does not work well for that dose quite as much better suited, but there, which one is not the only one. obviously, each one has a huge vested interest in those going to, that's why you push that. but there are others as well, like dash or smart cache that are very fast because they have something called instant pay which allow for an instantaneous action actually faster by the way. the mastercard, or visa, big point is not the answer to point of cell purchases and boom bus been swan break it all down for thank you so much. thanks. and finally revolves and before made some sort of fat finger air, as they call it, accidentally transposing a number or sliding a decimal point over by one or 2 places by mistake. but it generally doesn't result in a loss of nearly $300000.00. but this is the case, we're an f t trader who goes by the name of max,

not online max was seen that he was attempting to sell in s. see he own? i was part of the board, a yacht club, a collection of 10000 colorful wine primates, on the theory, him block chain, while he meant to sell the artwork for 75. if there are roughly $300000.00, a quote lapse of concentration as he put it. so i have accidentally type point $75.00 ether as the listing price. and as it turns out, a bach copier right away and snatched it up, only to release the item for $248000.00. immediately. max told the unit of the situation, quote, the industry is so new, bad things are going to happen. whether it's your fault or the tech, once you no longer have control of the outcome, forget and move on. now that hurts, but you also would hope that it's a mistake. you only make one's, i think for sure, he's gonna double check. every number he puts in from the system from 800-002-3000 that's it for the time you can get boom bus on demand on the portable tv app billboard, smartphones and tablets. you google play in the apple app store by searching

portable tv. portable tv can also be downloaded on samsung smart tv, roku devices, or simply check it out at portable dot c b. we'll see you next. me a hey dunaway you said i had been allowed to get tho you're outside on mechanic and by then coffee for sharon, an odd at a by then is a shift of on a 1st going on. what a,

so with the polk multiple and ginger mark on that to so that gives you a profitable so this is a, you know, it's a button and how it, man a philosophy on how well it comes in. then say, do a a maybe, maybe, maybe with can all scientific knowledge has never been so readily available to everyone across the

globe, but overwhelmed by information. can we distinguish the real science from the one being imposed upon us? we are living in a world where there are many people who have a vested interest in finding information, finding scientific evidence, and discrediting even the notion that science could provide. the truth about the natural world in the pursuit of business goes large corporations, a challenge strongly by scientific evidence. if you're emotionally invested in free markets, them climate change is a serious emotional threat because dealing with it means we have to change our approach to business industries or on the war bar, attempting to debunk legitimate science by producing the evidence. it's science, writing science. that's how ignorant says manufactured their attention only seeking to the rail via this rolling. using sy, with shell,

with ah, facebook, some parent company admits in court that its 3rd party fact checks on nothing more than opinions fueling further allegations of bias and censorship on social media. journalists and lawmakers say that they're being treated like suspected terrorists, doctors feel the u. s. government run checks on them using some of the countries most sensitive database and jails for trying to protect young girls, denmark's. and for the integration minister against 2 months behind bars for separating refugee child wise from that has happened. and if, and she was so worried about that and then she put the, the minister would have been something.