Senate mcconnell has promised as a doc a bill and amendments will come up in a fair way when it comes to those issues on immigration and very soon paul ryan has promised no such thing paul ryan says he will bring up issues to the floor if donald trump would sign them and thats a hard line and im glad hes sticking to that and steve are there any details on the infrastructure number i know that theyre talking about including that in there but if you heard any numbers. No i remember you and i after the state of the union discussed that it will probably come down to two hundred. Two hundred Million Dollars from the federal government and a lot of subsidies now theres been no specifics that ive heard about thats not true theres so i think six sixty three billion for opioid abuse and eighty some odd billion for a military spending so there are some numbers i have not seen a number for what you just alluded to as far as infrastructure and do you i mean with the debt ceiling thats a big deal i mean weve debated whether or not you know the Government Shutdown impacts markets much it depends about how long but i do think that with the debt ceiling doing the debt ceiling and the budget plus if you get and for chuck sure thatll help markets do you agree it might help markets i think its going to disappoint a lot of fiscal conservatives though because this is what conservatives and the republicans have fought for for years so im a little disappointed there but you know lets move on and lets keep that hardline on immigration get all four pillars donald when i worked in the house and senate steve youll appreciate this if everybody was grumbling when they went out of the meeting with a deal that was usually a pretty good deal conservative t. V. And radio host Steve Malzberg thanks as always. Time now for a quick break but stick around because when we return well have a report card on the crypto champion oil down today with new large inventory reports and markets are up so here are the numbers. Run. The best out of the tools with. The concepts as pain to perform i had actually passed myself today. Sorry. As most of. You. And homo stuff turned. Her. Scanty because. She had the goods so. What. Was it he could with. Yes get the permission. To finish in the. Toilet b. S. Get. To americas too intensely charged in opposing news narratives to Cable News Networks reflect these divisions or rather function as triggers intensifying Cultural Divide also what has happened to journalism as it now profession inhabited by hacks in the politically possessed despite its turbulent history the soviet union has dominated International Sport however little it was not about the lives of those champions from but. When im sure. This. Was the result for your. The first soviet to limpy team of one nine hundred fifty two with looted siege survivors concentration camp prisoners and from slime soldiers sort of baby in the us its good to go with. You and lunch and have a new ship because your birth that youre in for the month will. Go with a bit of a cross with you if you. Want to go with. The variations your personal for through personal. Enthusiasm when you do when youre at the National Mourning and could be put in your car with the where theres a korea and. We are. Welcome back the e. U. Continues to take a hard line on brets that negotiations are now looking like they will even impose sanctions for u. K. Noncompliance the European Commission has circulated a draft which calls for the immediate sanctions for us for u. K. Infractions against e. U. Law and their actions would not be subject to arbitration by the European Court of justice. Global stock markets have been on a wild ride as we all know in past few days but the volatility and bit coin value makes those fluctuations look a little silly bitcoin was pushing twenty thousand dollars in december in the past few days it dropped from ten thousand to six thousand dollars today it bounced between seventy seven hundred eighty five hundred dollars this rebound happened despite a note from Goldman Sachs that predicted a total collapse for most digital currencies. And not long ago i sat down with the crypto champion a reef a con she was quite something i first asked her about the block chain. Thank you very much bob and boom bust for having me here dialogue. The first part of the questions there are the various phases to block chan which actually skips the comprehensive comprehension of people first of the enterprise blocked in which most corporates are trying to incorporate in the Business Cycles to improve their profitability their bottom line and their Business Models but that just a very small fraction of the potential of logjam the second part is what goldmans can do with block check so for example digitizing every sort of regard education regards land regard medical records public data thats that has a very big impact and when you combine it with another ednas of ways that technology is headed and its impact for you to follow your technology for grab for the skills jobs of to model that has a tremendous implication for gone ments as to how they can shape the future of their youth that is the second one but the ultimate potential of block gen i believe is in the centralized marketplaces and be centralized exchanges and decent allies platforms and that aspect is still hard for a lot of people to grasp including the policymakers the garment and the carpets of course you wouldnt expect the godrics to get this aspect of logjam because its beyond their scope theyre completely focused on their own profitability so they are not to be thinking about this but the ultimate benefit to the common man and to the public the gift of the bushies nakamoto if you will is in this decentralization and that will only be achieved by a new generation of entrepreneurs new generation of innovators and thats not those who. Who are expected to come out outside of the incumbent outside of the existing institutions once they come and build these up negations will these marketplaces and platforms that is when the True Potential of block general be unlocked and which are the sectors that are most adaptable that will be adopting block change first i would i would say that that manufacturing has a lot of implications specially in supply chain supply chain law just six movement of goods tracking of fraudulent goods authenticity and also linking the movement of goods with finance in y. Financing and those kind of things so manufacturing has a lot of potential specially where authentication of goods is important for example in pharmaceutical industry are very high value items like art even jewelry and vitamins and board and those kind of very high Value Movement and i would also Say Something that has been overlooked entirely is in the Education Sector where the certification and training you know that now is the area where a lot of moves a lot of online digital courses have come about where the most reputable universities are offering the most valuable information for free so it is the first time the democrat eyes ational are equalization of Educational Opportunities coming about where people in remote countries can also access ready exotic courses like cryptocurrency what example so when they have the knowledge what thirty five is that they have the knowledge is a separate industry which is which is training and skill validation so those kind of new industries can come about which would completely utilise block gen of. In a way that has not been used in the Education Sector before so theyre made up occasions like this which is it has escaped the attention off a lot of policymakers and also the goblets for example yesterday i was in a panel where some media like fortune and so on they were asking the bloc of experts tell us via the Publishing Industry how can we use block chips so one of the u. S. Cases is. You know the Publishing Industry is limited in their ability to deploy journalists are deployed people who can gather media who can gather Information Images videos incidents that are happening so what would come in handy is coach sourcing of information cultural thing off news if you will which the public of any idea gathering because they happen to be there at the place of the incident and they also happen to have the email just captured now there needs to be a platform where the public and hes probably sharing houses need to get together fiction lesley so brocks enables all these kind of new economies new crowdsourcing economies unlocking new thoughts of value that you havent seen before on a go back to the investment banks risa because they make money on transactions under the can the existing model in banking around the world and so block chain really would be disrupted disruptive for them because if its a distributed public ledger not an insular. Ledger thats just for the banks then they dont make transaction fees so this can be pretty scary for them right thats a good observation you make and if you go deep into whats happening in the finance sector of your right to an observation that the banks have a knee jerk reaction to block gen. In trying to come and forming a Consortium Private consortium or a private ally. Or a courtly of banks actually if you look at the court of the there is no innovation there so its just people joining hands and saying hey guys heres a threat heres a bad receipt coming and we can deal with that to lets join hands and lets call it a Strong Alliance maybe the band gets veteran and goes away thats not whats about to happen saudi jamie diamond so the banks are trying to reinvent the or systems likes the fd for example what the swift shift was a messaging and a daily Communication System and first was a next generation thing become a bar after mastercard and visa was mastercard and visa that was one of the van innovations to come about from the Banking Sector not the plastic invention and the that had a real potential for this up and this in the media had banks by did this not because who warned mastercard and visa the banks so the banks again form together and form swift so that they can still have profit making within their institutions and theyre currently trying to reinvent the same thing by creating a private block jen and by having creating a settlement and payment mechanism there but that is not going to change anything at all because what they said what they claim theyre going to do with the block gente they are already doing anyway so maybe it results in a foster payment and in quick a payment and getting rid of them got us born in banking which theyre not interested in because theyre the kind of corn and banks so actually does not have the architect the process it does not. It does not create anything new so i would say if you look at it from outside the system looks the same the players within the ecosystem remain the same its just a big thing there or ledge of its a new niche. Up and it has no impact whatsoever in the Financial Services architecture so what is about to happen to the banks is a new sort of a player coming about and creating something which gump legally does a grave with this kind of a system and in rennes a new kind of system is does not need this go to the our alliance of banks of dong this doesnt have the swift kind of mechanism and creates an entirely different solution for example were trying to come up with a decent allays exchange balkanized i. P. O. Platform. Vich can actually replace the existing exchanges which is an alternator which is the next Generation Exchange on a marketplace if youre up so if i talk to the stock exchanges i have actually spoken to some of the stock exchanges they say they have a lot of experience and knowledge in the way of the exchanges getting key work and where are the pain points and read custom of could do with some improvement and so on but thats knowledge and that experience is of no value to me because my mechanism and my solution is a completely different one which has not a single entity which exists in that ecosystem so my solution is completely different i dont even need to understand what they did before in the existing establishment so these kind of play us who would who can potentially completely the dropped the existing ecosystem i predict these players to come a bog north from the Banking Industry but from outside so this is taking a step farther from the think that wave but i would say the point that way of fan is in disrupting the Banking Sector because it was complementary to supplementary to the banks so synthetic grow why did interface of front office on an interaction with the constable and the banks do so. The back office of the Balance Sheet for the business so they must do complementary but the next three which is blocked is not going to be complimentary it is going to be ready to be dating to the existing back. Its going to be intimidating for the existing banks its going to be a Disruptive Technology that was crypto champion a riff a con it was a lot of fun to meet and speak with her and we do have some more of the future thats it for today thanks for watching be sure to catch boom bust on Youtube Youtube dot com slash boom bust r t c n x time. Across europe municipalities are taking their water supply back from private companies to meet the people themselves with simple song alone even some company elsewhere they can find private companies to take over the utilities many by the telescope. Allowed for miss you guys to go. By been this is. Just because. Of what you remember of the live. Locals are ready to stand up for the basic human right of access to water its about water but its also over much more than war its about the hurt and the redistribution of all or whether its. Downwards do you want or will. National governments in various locations still dont even understand what crypto currency is how mining works what bitcoin does and that confusion and that learning curve that they havent bothered to climb leads to a lot of missed policy choices messed up policy choices and its just because of a massive confusion out there so little is known about bitcoin except the currencies at all levels. Government most levels of the world and even within the crypto communities. The u. S. Coalition in the interest socalled defensive airstrikes against progovernment forces in syria accusing them of attacking a rebel group. On the eve of the Winter Olympics hopes diminish for dozens of russian athletes fighting to have their fans overturned. Does. Not have. A video of libyan children playing out a mock execution goes viral guest share their views on the effects of war on the young minds of youngsters. Mirroring in the execute their mock executions one of the team and what she was it online or really were they watching the first time and if they push the first down team theyre going to have strong are going to struggle with mental health. M k partridge and youre watching the latest headlines here at r. T. International thank you for joining us and we start with news from syria the u. S. Led coalition has conducting what they describe as defensive airstrikes against progovernment forces in the country who more on this lets cross live now to our teens caleb wolf in in new york hi there can you bring us up to date. Yes we have confirmation from u. S. Central command that airstrikes have been conducted by u. S. Forces against forces aligned with the Syrian Government now the u. S. Central command is describing these airstrikes as defensive saying that the forces they struck first attack to the s d f now the s. D. F. Are Kurdish Forces that are being supported by the United States now its important to taken into the context that these these airstrikes are taking place just after we heard on january seventeenth from Rex Tillerson now Rex Tillerson said that the forces of the United States are only in syria for the purpose of defeating the remnants of the isis terrorists and furthermore that they are there to make sure they dont return however in the past weve heard Rex Tillerson characterize the purpose of u. S. Forces in syria both Ground Troops and air forces patrolling the east of the country as being there to help replace the syrian president bashar assad this is statements weve heard from u. S. Secretary of state Rex Tillerson. United states will maintain a military presence in syria focused on ensuring isis cannot really merge total withdrawal of american personnel at this time would restore. It continue his brutal treatment because his own people. So there theres a little bit of a mixed message there hes saying that forces are in syria to defeat the terrorists but then that withdrawing them would somehow restore the syrian president bashar assad and help the internationally recognized Syrian Government its rather unclear at this point there are roughly two thousand u. S. Troops in syria and in addition to that the u. S. Air force is put patrolling the eastern part of the country u. S. Air forces are patrolling the eastern part of the country and its rather unclear about why theyre there now we have had a reaction from the russian president surrogate aloud about u. S. Forces in their recent activities that this is surrogate lavry of the foreign minister of russia. So as to put in some of the lack of a fundam