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Boom Bust


The boom/bust cycle is as old as Western banking itself. Our hosts break through the mainstream headlines to find the stories that matter, and help you navigate the booms and the busts.

May 8, 2021 07:14

Bank of England slams cryptocurrencies & English Channel standoff at sea

The head of the Bank of England has slammed cryptocurrencies as the financial technology has gained steam during the pandemic. Boom Bust’s Christy Ai analyzes the recent statement and the adoption of digital payment systems. Plus, France and the UK are at odds on the sea as the two nations deploy their navies over a fishing dispute. Hilary Fordwich of the British-American Business Association brings us up to speed on the dispute and the many factors driving the issue. And later, we look at the recent controversy surrounding messaging app Signal and its effort to slam Facebook’s privacy record. RT America’s Sayeh Tavangar and Boom Bust’s Ben Swann break down the situation and the future of Facebook’s WhatsApp.

May 7, 2021 08:32

IRS seeks major crypto users & US backs waiving of vaccine patents

The widespread adoption of cryptocurrency in the public conscience has also sparked federal efforts to track down info on exchanges and major users. Boom Bust co-hosts Ben Swann and Christy Ai analyze the latest efforts from the IRS and what it means for the future of the crypto sector. Plus, the US has backed the waiving of vaccine patents for the developing world to ramp up their inoculation efforts. RT’s Trinity Chavez brings us up to speed on the move, and whether the EU could follow suit. And later, despite concerns of inflation in the wake of Covid-19 stimulus spending, the Federal Reserve is issuing assurance as criticism continues to mount. Octavio Marenzi and Michael Pento of Pento Portfolio Strategies offer their insight into the comments and give their forecasts for what to expect.

May 6, 2021 07:31

Pfizer Covid vaccine profits in the billions

Facebook says former President Trump will remain suspended for now just as he rolls out what his team is calling his new platform. Plus, drugmakers in the United States have been quick to come out against requests for an emergency Covid vaccine waiver to help struggling countries. Meanwhile, Treasury Secretary Janet Yellen is now walking back the claim that the Federal Reserve may be forced to raise interest rates after her comments sparked a global sell-off.

May 5, 2021 06:46

G7 in London with eyes on Russia and China

China and Russia are the hot topics as the Group of Seven meets in London. So, how will their tough words impact global tensions moving forward? Plus, oil prices rally amid new hopes of economic recovery in the United States and Europe. But will it be enough to offset the crisis hitting India and Brazil? Meanwhile, Apple faces off against Fortnite maker Epic Games in a battle over antitrust violations with billions of dollars at stake.

May 4, 2021 06:37

Ethereum surges to new ATH, Berkshire Hathaway’s Munger calls BTC ‘disgusting’

Ethereum continues to rise in value as more interest comes to the altcoin for DeFi and NFTs. However, ethereum doesn’t get the mainstream love that bitcoin is seeing at the moment. Plus, records are being set for corporate earnings as they surpass expectations for Q1 of 2021. Were expectations too low for this year’s recovery? Then, millions of Americans are looking to book their summer vacations, but what will travel look like this year and how much will it cost? Later in the show, RT America’s Natasha Sweatte looks at the splashdown for the SpaceX Dragon capsule as four astronauts return safely home.

May 1, 2021 06:51

Why is China targeting payment systems?

China’s tech regulation has continued to heat up as the nation’s regulatory body is now targeting payment systems. We explain the move and position it in the context of the country’s growing wave of antitrust action. Meanwhile, AstraZeneca is looking to break out across the Atlantic as it prepares to file its vaccine for US approval. Plus, the latest round goes to Amazon in the legal fight over a $10 billion United States defense cloud computing contract.