Said mark wright whats amazing is that this discussion of whats a better store of value gold or a bit coin and in lebanon we have a taste test case people are selling gold to buy bitcoin that proves the big point is a greater and more portable store of value than gold and thats going to be the story all over the world people cant take their gold across the border its too heavy its too obvious they cant take that point and thats what people are doing their fling with their big point whether its in china lebannon all over the world goal is not the store of value that big coin is thats why peter schiff under his desk in a fetal position crying this is why alex jones is converted now to being a full blooded bitcoin bear this is the new way so the banks in lebanon have been restricting withdrawals of how much cash you can access lebanese banks began imposing increasingly restrictive and formal capital controls after a Popular Uprising 1st swept the country more than 4 months ago foreign cur
Demonstrators were hoping to reach the National Assembly and renew a campaign to oust progovernment lawmakers before being blocked by a security barricade riot police then fired tear gas in a bid to disperse the crowds this is the 1st rally called by god oh since returning to that as well from a high profile tour to drum up International Support in a bid to unseat president Nicolas Maduro Opposition Leader declared himself interim president after launching a movement to oust mr old last year. Thats a breakdown of todays top headlines for now but if youre looking for more you can always had to our website or to dot com thanks for tuning in. Sure this is the kaiser report you know of open court adoptions driven by banks failing and countries failing and now in lebanon theyve got a huge crisis and of course big clients come to the rescue stacey max were going to get into lebanon but 1st i want to have some show notes here we are still in los angeles it is the busy suburbs where they did f
Dont tory asli volatile cryptocurrency as the countrys economy founders so this was an aljazeera english and they looked at after years of being knowing about bitcoin it was only when their country banks started to fall apart when their credit default swaps suggested theres a 99. 5 percent chance of them bank going bankrupt and banks introduced the same thing that we saw back in 2011 with cyprus and they had the balans 1st they have the limit on the amount of money that you could withdraw so in lebanon we saw Something Like 4050. 00 a day that theyre allowed to take out and they focus on a guy name are who asked for a surname to be withheld. He says hes not standing around helplessly he is trying to move what is left of his savings out of lebanon via a financial instrument meant many in the country have not embraced until recently big coin quote suddenly everything turns upside down and all the options are open said mark wright whats amazing is that this discussion of whats a better st
Oversight of the department of Energy Research and development enterprise. Welcome, mr. Secretary. Were delighted youre here today. This committee has jurisdiction over the department of energys vitally important science and Energy Research and development activities. The laboratories and facilities so i hope we see you much more frequently from now on, and i look forward to working with you throughout this congress. With the budget season mostly behind us, id like to bring just a few minutes and a few items to your attention. Ill start with the good news which is that despite the administrations best effort to make draconian cuts across the board to deo research and Development Programs, most actually fared well in the house of representatives. Im particularly pleased to see the increases to the budget for arpae and the long Programs Office both of which have yielded truly transformative results for Energy Technologies of all types. Im also quite happy that the house supported a subst
Test. Test. Test. And part of that reason is because of the research that is going on at our National Labs. And im going to, again, ask paul to share with you, just because hes fresh out of seeing some of this and has to do with the Battery Storage. And the progress being made on Battery Storage is really fascinating. And ive always said that Battery Storage is the holy grail. If were able to get to that point where we can use our renewables, solar and wind in particular to power these batteries that have long time storage, and what were finding now is that the the elements that are being used to create some of these batteries are not Rare Earth Minerals and theyre elements that we have right here in the United States, so were going to be in control of our future substantially more on the Battery Storage if you just kind of give them a glimpse of whats going on here and i think thats pretty exciting stuff. So a couple of examples, the complex, r d business, beyond lithium ion batteries