scribe our times, what is the zeitgeist, as they say, do we have a sense of direction and purpose? we also hear a lot about the desire to return to normal. what does that mean? we actually living in the new normal when you listen to a sequence of tone and you think hacks is going to happen. you know, why happen said distinctive breathing responses and gauge that are relevant to you, how we experience, reward, and pleasure. well listening to some people looking at this is a kind of a kind of choreographing of our expectations moon with

this is them bus one business or you can't afford, dement, i make it 11 elaborate to bore in washington. and here's what we have coming up as the future of president biden's built back. better bill has been thrown into jeopardy goldman sachs has dialed down its growth forecast for the u. s. economy straight ahead. really discuss the revision as the fate of the plan hangs in the balance. and as 2021 draws to a close, we take a look at the performance of commodities throughout the year. we'll break down those numbers, plus 2021 with a huge year for the field of options. as a new wave of younger investors are getting involved. we'll take a look at what's next for the industry. we have a lot to get get to the let's get started. and we leave the program with you as president joe biden's build back. better legislation, a $1.00 trillion dollar spending bill, which is had a major stumbling block over the weekend. senator joe, man, jenny, somewhat conservative, democrat from west virginia, said he will split from his party and not support the bill,

which means there are not enough boats in the senate to get the bill passed in all my years of public service and i've been around for a long time, i've never seen anything like this. the president united states has addressed the house democratic caucus twice, recently, to urge action on the bipartisan infrastructure bill, which sometimes will refer to as the biff bill. last week, the speaker urged speaker pelosi urge the importance of voting. there are multiple aspects to this story. obviously there is a political one, but also an angle that impacts the economy. in fact, goldman sachs has now cut his g d p. forecast for 2022. in light of this statement by jo mansion, a chief economist with goldman sachs set in a note to clients on sunday that the failure of the bill which includes significant spending on climate infrastructure and social programs, would slow economic growth in 2022. so joining us now discussed in boom, bus coast and investigative journalist spend swan and former congressman from florida. alan grayson. thank you so much for joining us,

both view and character grace. i want to start with you on this. there is a lot of back and forth this week between matching and the white house and the binding ministration, as saying it's blindsided by mansion and calling his statement and unexplainable reversal. how do you see this? i see it as said, the what's at stake here is some programs that will manage huge difference. the was american, for instance, the head start program which extends education preschoolers. that program is one of the most successful programs in american history. it's cut down on high school dropout rates by almost 20 percent cut down on college dropout rates almost as much . and that was going to be spread the entire country. now it's going to be gone that the child tax credit, which helps people to afford to be able to raise children a real challenge these days. that's going to be gone and just a couple of weeks. so the,

the sad part of this is not said what the sad part of this is, how much it's going to hurt americans. and there really is so much included and not nearly to trillion dollar package. now been on that point about goldman sachs. how big of an impact was the build back better bill supposed to have on the u. s. economy overall? well, i think that's where there is an issue, right. and probably some disagreement, certainly, as you mentioned in the lead up here, there is a political side to this, the congressman can speak to that. but on the business side, on the market side, you know, goldman sachs is looking at this and saying, well, this, this will actually slow down growth. well, that depends on a couple things. one of the things that depends on whether or not some of the items that are inside the cell can still be passed as smaller pieces of legislation. and that's certainly a possible, certainly some of the, the issues with supply chains that are built into this as well. as incentives for manufacturers, some of those elements of the bill could still exist in a smaller form, still be passed and still have an impact on the economy. the question is whether or not it's an all or nothing approach. if instead the approaches we get all of it

through and which obviously is not going to happen this year, not happen at all. or we're going to car about the pieces that will specifically impact job growth, job creation incentives for certain businesses. and you know, those are, those are big questions. so whether or not that actually happens, i think, is still up in the air. but if it were to happen, i think it wouldn't have detrimental effect on markets coming back. i certainly as much as goldman sachs is saying, and it is notable that it seems to be all or nothing, not just with everything that's in this package, but also with every democrat that was needed in order to pass it. now. congressman grayson, when it comes to mansion, he said that he cannot vote for the bill. and part because of his concerns about inflation, is that legitimate concern given the fact that we're already looking at inflation being your 40 your highs right now? it's not there. it's not appropriate to cut social programs in order to deal with inflation. there's a complete disconnect there. it's simply not appropriate to cut expansion of social

programs, inflation. nobody believe the child tax credit because of the high price of gasoline. that's certain. there are proper ways to deal with that proper macroeconomic ways. i'll tell you that if we increase excellent corporation, the rich, you see a dramatic drop in the federal deficit and dramatic drop in inflation. that's long overdue to say that we should deny people pre k schooling, but we should allow prescription drug price to increase out of control. these are not things that are going to help to address inflation at all. well, and congress grants, and i know you don't want to get into a back and forth about a specific person and in the way of sen, mansion. but i think the question that arises from this issue is, you know, all of these issues, if you know anything about the state of west virginia, you know, these directly affect the constituents of that. they, all of the things that you just mentioned. do they not the west virginians have the

highest percentage of income from federal benefits of any one in the entire country? 32 percent of all, every dollar that comes in to west virginia comes from the federal government. the highest other state is mississippi at 30 percent. so yeah, and by the i live in florida where a number of people are known to receive medicare and so security. it's remarkable to me that western things are that dependent upon federal spending. and joe mansion wants to shut it off. he wants to keep it from increasing or cut it back. i don't think that's very logical. i'm not questioning his motives. i think he's calling it as he sees it. other people disagree with me about that, but the fact is that western news, those neediest placement country, i'll give you one example west regina was electrified because with t v a, there's a provision in the bill that mansion so against that would provide $20000000000.00 . right. internet to west virginia and other rural areas around the country. how could he possibly be against that?

absolutely. now, banjo, i, one other aspect of this is america's biggest coal mining union is calling on mentioned actually reconsidered the opposition to this bill. why are they doing that right now? they're doing that. well. the reason they're pushing for it, pardon me. i bother them at their yeah, i didn't think that the, the biggest issue here that we're, we're looking at is essentially the idea that these coal mine, or say, look, there certain elements built into this bill that are especially helpful for them. and this, this union, the sucking about this right additional financing and money that goes to helping treat black lung, which is a condition the coal miner suffer from, as well as a whole number of elements here for unionization. that would actually make it illegal to, for any company, by the way, not just in west virginia, but across the country to prevent workers from being able to unionize. so there are some very important things in this bill. i think again that the problem is going to be that joe mentioned obviously is looking at it from his own perspective and he's explaining his reasons for it. he's citing inflation as a big part of it. that the problem, i think that the bill is facing,

is that it tries to do too many things at once. and there's too much involved here when there are some very, legitimately important issues built into this bill. as we mentioned right now, this issue of unionization, right? is a critical one moving forward, especially in a country right now. that is becoming increasingly more technological and more automated. that's going to be needed for workers as we watch this kind of great walk away as they call the great resignation of workers who are saying we don't have good enough conditions in the pay is not right. we're going to need to see more organization for labor. so how do you get those things passed without putting everything into one all inclusive bill? if it's an, if it's an all or nothing approach that i think it ultimately isn't going to work. so what are these important issues that can be carved out and past individually? i know what's more work to do with that way, but that may be the way it has to be done, right? representing grades. what do you make of that whole situation? because that was the next point i wanted to hit on with you is, does this go piece mail or does it end up being an all or nothing situation, you know, obviously legislative before, so you have that insight, it cannot go piecemeal because it has to go through the reconciliation process to

avoid a republican filibuster, not a single republican command in favor of any part of the bill, which means that it needs all the democratic boats and the vice president and nor to pass. you can't do that system and set up them more than one reconciliation bill each year. so what we have to do. ready probably is to reformulated mansion supposedly made an offer to the white house that would have certain elements of furniture 10 years like pre k and other elements of funded not at all. i think that goes to get closer for better for worse to where joe mansion wants them to be in the hope of getting something done. if what he passes passes, that itself would be a landmark accomplishment. if jo mansions proposal ended up being the final bill that would make america better. boom by spend, swan and former congressman alan grayson. thank you so much for your insights today out all of us. thank you very much. and as 2021 comes to a close,

commodities are wrapping it up an impressive year that saw them outperforming other aspects. assets as demand came, roaring back around the world, in fact, the s and p goldman sachs commodity index is up 35 percent this year. that means it has overtaken the u. s. equity index that has to be $500.00 for the 1st time in a decade. despite it seeing gains of 23 percent for the year, now some of the top performers in the commodities market were crude oil, which is up 40 percent this year. copper, which saw gains of 21 percent and even coffee, which is up 84 percent. however, while gold saw gains of 25 percent back in 2020, it is actually fallen 5 percent this year, fueling concerned surrounding one of the most reliable inflation hedges. now countless questions remain as to what we can expect from the year to come and how it will be impacted by central banks around the world. finally, pulling back from the easy monetary policies that have been in place for nearly 2 years is out of this is hi basil for its chief scout. it is at my the training,

but it's great to have you on the show today. so what do you make of the performance we've seen from commodities this year, and how has it been influenced by these continued pandemic policies from governments around the world i ritual. hi, brent, you know, look, we've got a, we have one or way inflation. we're working no matter what they say about interest rates, we're really working in a negative interest rate regardless of how they want to phrase what they're doing. the inflation is not transitory. that is why you're seeing these commodity prices skyrocket, because the cost to put them together is skyrocketing along with it. you can solve these problems very simply by going back to shale producing and fracking, and you would cut oil prices. oil is up for one reason. it is the lack of understanding of this administration to take care of energy. there is no reason to give up the x 40 of oil. we are already the greenest country in the world. and when

you have 30 switches on the countries in coal, you're not going to get, you know, high oil prices, you're not going to get pollution. that that's going to come, regardless because they're using it. so we have to cut back on the costs and one of the biggest inputs and any product is fossil fuels and we have it here. we just don't want to take it. that's something we've certainly talked about as the handling of this situation as we transition to green energy or at least those are the plan. now i came to a commodity segment without obviously hitting gold. it's been kind of a stand out disappointment this year with some even predicting that it could see a 16 percent drop next year. is gold at risk of losing its position as a hedge against inflation? well, goal is really not a hedge. to begin with. goal is a good solid hard asset that i think that people should own because it some day and the way things are going. it could be used as a currency, but certainly i could see 1450 coming in gold before we started to region higher. i'm, i'm very confident i'm a buyer of physical metals going forward,

but i could see a very dramatic pullback here. you remember we've, we've had one of the narrowest ranges in gold and silver this year that we've had in years. so there has not been a lot of movement and the precious metal, and you know, you've got, you know, other things that are kind of competing for position the other crypto current. gerald is not a direct competitor, but it is competing for, you know, stored value is call. so there's no surprise that goal has been under some pressure . we had to run up to about $2200.00. and now we're pulling back and, and again, remember when you have a negative interest rates is why the only reason gold is still words that because we did come back and make a little bit of a rally from lower places after the announcement of fed because they didn't figured out that their interest rates aren't really going up. they're still working in it effective negative rate. and in fact, even interesting to see that interesting crypto currency is really increased over the last year to see how that prices skyrocket in. more and more people have gotten

in boy onboard as it's become more popular. now, given the performance that we've seen over the last year, there of course already, warnings that commodities won't see nearly the same performance next year. as central banks around the world start to pull back on those easy monetary policies they had had in place since the beginning, beginning at the pandemic. do you agree with that prediction? no, i dont i the, i think you might see a higher prices. you know, you, when you look at the overall structure of the farmers and the creators of these commodities, okay. their costs are going up so high, they made shoes not to plant. they may choose not to raise cal, they made shoes because of the cost. you know, they have to be able to make a living as well. and what we're really doing is preventing them from making them so you could actually have a shortage. you know, we still have a growing population even though it's a small growth over the last year. you have to have the ability to provide for these people, food and energy and things like that. and again, when start to see the input costs, you know, a farmer has to make a,

a business decision. if it's worth planting, do they want to take the risk? because you know what goes into planting is not only the risk of planning and do that. we don't know what the weather is going to be. but the energy cost, the borrowing cost because they're all borrow millions of dollars to create. so you could see our shortage in crops and in grains and in other so commodities that could create a much bigger problem. so i disagree vehemently than what they're saying because they're wrong. as usual. there is a lot of daycare and we will continue to fall it to the new year. todd who are above the trading. thank you so much for your time. thank you. and i'm now for a quick break, but when we come back to oxford market has served in 2021 bank, the swath of new investors in the sector. we'll discuss all the development on the other side as we get a break here. those numbers are the clothes with

are working room or should in the back she popped in. she said, well, i'm getting ready to go shopping for christmas. and we recently there was a good buying another, shooting another safe part of american life shattered by violence. the gunman was armed with an a r 15 semi automatic rifle. when the issue comes home, it's time to act when we're silent on this issue, the other side winds by default lady that lived over there. i was walking one of the gods where you, where again we stay with nothing. they take it. i think the people need to take responsibility into their own hands and be prepared. if those weapons were less available, we will have

a lot of the shootings and we certainly wouldn't have the number address with oil and gas manufacturing, electricity, telecom, chrysler, taishan. all of them now have i o t type of infrastructure connected to the internet for clarity, realizing this disruptive potential so that those countries cons, ignore it because it threatens national security issue. but if we take the name to

you countries truly all of them subscribe to doctrines and maintains selling but tell us closes they are a cyber army on behalf of a country that's their job. with . welcome back. as we mentioned monday here on, boom, best option houses have had their time in the limelight in 2021. we gave you the details on so the b is record year with total sales of $7300000000.00 the best and it's 277 year history. now more data is out showing that christy sold $7100000000.00 worth of collectibles, while philip saw a record sales at $1200000000.00. bring the total for world big 3 auction

houses to over $15000000000.00. experts point out that this highlights the increase in global wealth. we have seen since the onset of the pandemic due to a number of factors including loose monetary policy and record asset prices. in fact, sotheby's talked about the increase in interest from f t's and the movement attracting younger collectors. and it's not just fine art and m f t that are having a moment as sports trading cards and collectibles are going crazy as well. golden auctions, which specializes in trading cards, autograph memorabilia and game used items announced in march. it already reached $100000000.00 in sale, eclipsing its total sales for the previous year. so of course, sales have grown since then. now the highest price car that they have sold this year was about a $19.00 oh $9.00 onus wagner. that went for $3750000.00. so what is fueling this bill? i'll discuss, let's bring in ken golden. he's executive chairman and founder at golden auction. thanks so much for joining us again. can we really appreciate it?

i want to start with that last point. what's pushing this increased interest in auctions and collectibles. as a whole, for my industry, we've seen an upward trend really since 2013 escalated a bit in 2019. but i think obviously as you enter 2020, you know, i point to actually the stock market crash as indicated of, of in a bit more. you know, before coven, even because when that happens, you would expect that our interest in collectibles would go down and our prices would go down. but in fact, they spike because the younger generation is looking for a way to know a way to invest. and they don't believe in traditional markets, which is why you see things like crypto and n f t 's going up and why trading cards and collectibles and art and comic books. and many of the things have taken off. it's really a combination of you said plus are looking for non traditional ways,

alternative assets to invest your money. that's fascinating, and i know you mentioned the younger generation there and it's interesting because at the same time we're seeing record years to the likes of some of these and christy's, and they themselves are pointing to young people joining the collectible game. are you seeing the same trend in sports, cars, and collectibles as well? it's huge. i'm sure i have many my. i know at least one gentleman under the age of 18 who spent over a $1000000.00 with me, with, you know, through through his parents in, in 2021. when i was at the national convention like been to every national sports collections convention, probably since the late ninety's are the average age was probably 20 plus years younger for the attendees that it wasn't any other convention. so it's definitely attracting a younger generation, which is great long term for the business. and now i know you deal

a bit and you mentioned it and we mentioned it there at the top there the internet tv. do you see that as a temporary fad, or is this the future of these collectables? i think it is a, it is a future collectible. it's definitely not the future of collectibles on it, but it is, it is certainly a interesting market in 2021, one that we have dabbled in one that we're looking to explore to a greater extent in 2022. and you know, you can argue with results. i mean, there are people that are spending money and there are people that are, are buying them. so therefore, as you know, somebody who deals and collectibles were looking very carefully a category. now you mentioned people that kind of want to get away from the traditional investments. maybe they don't have trust in the stock market, but when it comes to collectibles in even to f t 's, do you see them as a good store, a value here? or is there worry that there could be a bubble and that price is could come down significantly. i mean, for example,

could that harness wagner lose 2 thirds of its value? if there are economic issues that impact it? i'll take the 2nd half 1st off. the 2nd half is absolutely not. in fact, the wagner is a truly unusual collectible because it's the only asset i know of that every single time tracing back to $19.00 oh $9.00. when the card was printed every single time, a 100 percent, that there was a sale of the card. it's sold for a higher price than the owner bought it. so if you trace the entire history, the cart, there is never one's been sale. we're the owner of that car and when re selling it lost money and this goes through all throughout the grades and for trading cards. you know, they've been around really since the 1870. so this is not a new thing. this is a tried and true and tested on certainly some of the more speculative, modern issues the cards perhaps issued over the past 5 years on the rookies you may get hurt or may not and out are more risky the same way that and if he

literally can lose 80 percent of its value in a week, and that's kind of exciting to these people. i personally, i prefer things that are a little bit more a more stable and i like the hard asset collected. i actually heard you speaking to our director while we were in the break there and you were kind of explaining something to me and you were mentioning like a new in box item and open to say a lego or a video game or something like that. but i'm going to ask a question, can, what's the fun in that, why we're going to buy some great toy and i don't get to play with it. what you do is you buy to, you know, who told people that if you, if something is produced for the purpose of being a collectible, ok, it's most and more often than that's not going to become valuable. it's the things that you do not expect who would have thought that a, you know, in debt that a baseball card from 1920, at the time, or

a comic book in 1939 am superman batman would one day be worth 4 or $5000000.00, a video game of zelda, we're, we're married brothers would all of a sudden be $200000.00 or $2000000.00 or we recently sold a star wars vh asking you how many of these things they put a store. an early print star was b s for over 50000 arts. so it is the things you do not expect to play a regional apple computers for 1st generation i phone, you really never know what's going to turn around. so, you know, we all don't have giant warehouses, but if you're buying something that could be collectible and you can afford it by to open one of them and put the other one away for your kids and see what happens. i got about 30 seconds left, but what's the next trend next year that you might be looking at? i like um, 1st of all, i liked the sports flexible one district. i like our comic books a lot. we've been getting into the chest and video games as well. so really

things that the generation grew up with that are now in their thirties and fourties and have more disposable income. what they were doing is kids. that's always what you want to look at. who would ever thought my v h s. collection might be worth something. can golden executive chairman and founder at golden auctions? thanks so much for joining us today. thank you for having it. and that, that for this time, you can catch boom, both on demand on the portable tv app available on smartphones and tablets. google play in the apple app store by searching portable tv quite healthy. we can also download it on samsung smart tv, and most devices are simply check it out at point of on that to me for the next time. mm hm. ah

oh so it begins 2 weeks of our christmas and new year's, the specials, in which we look back in the year. that was, and parents in the future was some of our roster of amazing guests, all heterodox thinkers, that would be caught dead on break the on finance, corporate media. first up, james howard, concert i mean, you must, you know, so did it in, as shown don, to stand together. we'll continue to stand together against russia,

media in germany. repeat some of the areas that we doubtless made say, notice if he needs a shockey daughter, it's about $3000000.00 influence. other nations, france u. k. and even latin america and other countries in future than maybe knew where to high from cycle pollute with members of your household. please, please, please, please. we're going to continue to fight. don't you just need to, to do russia must not be allowed in germany. i don't want y'all to common leave it to show out. so the in l t d enough ation the 5 and the yes actually indian 80 the enough missiles guns until sunday technology is a very big industrial and there's a lot of opportunities for hackers. movie lives, not here, but he didn't bring the law in the country you're dealing with why arrest him there?

the major cybersecurity challenge is the sovereignty of laws that cyberspace is no borders. new sovereignty, we ended up with, for example, the national health service in the u. k, the n, a chess was completely wiped out from a ransomware attack. if you were coming in to a clinic because you had a test or you had an operation, they can find your records. they had to go back to pen and paper. aah! in an exclusive entity with our t rush, his foreign minister says that moscow will react to a flagrant attempt by berlin to block parties. new german language channel that after year its leading satellite provider removes it at the request. if the countries media regulate food, we cannot tolerate it any longer. and we believe this all acceptable situation will go on. we will have to respond to it or target our pro fair also questions,

the impartiality if the ongoing trial into the.