Tag Archives: RT’s

Who is at fault for causing the recent US fuel shortage? RT’s Boom Bust wants to know

21 May, 2021 12:41

In a fresh twist to the ongoing US fuel shortage saga, executives at Colonial Pipeline may be responsible for the shutdown which led to a gasoline crisis on the US East Coast, not the hackers.

It reportedly took the company an hour to shut down the conduit that remained inoperable for six days. The step was allegedly taken to prevent the damage from spreading to the pipeline’s operational control.

READ MORE: Colonial Pipeline hackers reportedly bagged $ 90 MILLION in bitcoin before shutting down

RT’s Boom Bust is joined by the show’s co-host and investigative journalist Ben Swann to find out how the company could make a decision that had such a massive impact on US energy supply.

For more stories on economy & finance visit RT’s business section

Author: RT
This post originally appeared on RT Business News

New CDC mask guidance creating a caste system

The US Centers for Disease Control and Prevention’s (CDC) announcement that fully vaccinated individuals no longer need to wear masks in public has led to some stores dropping their mask requirements.

Boom Bust talks to Jeffrey Tucker, author of ‘Liberty or Lockdown’, about how businesses and consumers are reacting to the ruling.Tucker says it “has created a weird situation where the customers don’t have masks and employees all do, which is a way of broadcasting clean versus unclean, like a caste system.”

“That’s extremely dangerous, the CDC’s announcement was not for everyone, it was only for the vaccinated,” he says.  Children can’t get vaccines, so it means they will continue to be masked in schools, Tucker points out. “The science didn’t change with the CDC’s politics that suddenly shifted for, I would say, politically expedient reasons, and now the rest of the countries are scrambling to adapt.”

For more stories on economy & finance visit RT’s business section

Author: RT
This post originally appeared on RT Business News

‘America has a very nasty oligarch problem’ – RT’s Keiser Report

Max Keiser and Stacy Herbert talk about the Covid pandemic and all other problems crippling the US economy. There’s currently “one crisis on top of another, multiple crises all stacked up,” Max points out.

“The problem with the billionaires is that they got to be billionaires by hollowing out the economy, by destroying the infrastructure, by stealing from pension accounts, from destroying the moral fabric of the country,” he says.

“People like Warren Buffett, or Jeff Bezos, or Bill Gates, etc., achieved their wealth at the expense of the common good. They literally threw the country under the bus, and now we’re dealing with the consequences,” Max explains, adding that “America has a very nasty oligarch problem, and we need a leader that could deal with the oligarchs.”

For more stories on economy & finance visit RT’s business section

Author: RT
This post originally appeared on RT Business News

With central bank-issued digital currencies we are on the road to civilization collapse – RT’s Keiser Report

Max Keiser interviews Aleks Svetski, the founder and CEO of crypto investment platform Amber, about central bank digital currencies and fiat communism.

“We’ve seen the ramifications of large-scale tech companies having the ability to sensor speech,” particularly via social media, says Svetski. “Imagine an organization having capacity to sensor your human action. There’s no more fundamental form of human speech than human action, which is the things you do.”

He explains: “With the central bank digital currency, the issuer will have the capacity to decide when you should spend, how you should spend, for what reason you should spend, and how much you should spend on what. It’s ridiculous! … Do people not see the trap that they’re sort of walking into? That is a categorical reversal of civilization, it is not a progression of civilization.”

For more stories on economy & finance visit RT’s business section

Author: RT
This post originally appeared on RT Business News

Will Boeing’s troubled 737 MAX ever get off the ground? RT’s Boom Bust finds out

14 May, 2021 10:14

The Boeing 737 MAX is set to return to the skies, one month after an electrical issue forced the company to ground around 100 planes.

The US federal regulators confirmed their approval on Wednesday, saying that they found a straightforward fix and they are confident in the plane’s safety moving forward.

READ MORE: Boeing sounds alarm on new problem with its troubled 737 Max, advises grounding of jets again

The FAA also noted that the latest issue was unrelated to the major problems with the flight control system that caused two deadly crashes which led to the plane’s grounding in 2019.

For more stories on economy & finance visit RT’s business section

Author: RT
This post originally appeared on RT Business News

Why is the US removing Xiaomi from its blacklist? RT’s Boom Bust investigates

In a major reversal of the previous administration’s policies, the White House has announced plans to take one of China’s electronics giants off its blacklist.

Xiaomi and the US authorities have reached an agreement to set aside the blacklisting, ordered by former US president Donald Trump, which restricted American investment in the Chinese smartphone maker.

RT’s Boom Bust is joined by the program’s co-host Christy Ai to explore what lies behind the decision.

For more stories on economy & finance visit RT’s business section

Author: RT
This post originally appeared on RT Business News

Just a big pump-and-dump scheme? RT’s Boom Bust delves into latest dogecoin saga

The value of dogecoin, the cryptocurrency inspired by the popular Shiba Inu meme, sank  shortly after the long-anticipated appearance of Elon Musk on popular US television variety show ‘Saturday Night Live’.

Dogecoin lost more than a third of its value this week after Musk, whose tweets caused a huge price spike in the meme-based crypto this year, suddenly called it a “hustle.”

RT’s Boom Bust talked to Tobin Smith of Transformity Research to understand whether there’s any value to the cryptocurrency that was heavily boosted by the eccentric billionaire’s tweets.

READ MORE: ‘It’s a hustle’: Elon Musk DESTROYS Dogecoin as he brings crypto memes to his episode of SNL

“It’s a good sentiment indicator, that’s exactly what it is,” Smith said, stressing that sentiment is one thing and value is another.

For more stories on economy & finance visit RT’s business section

Author: RT
This post originally appeared on RT Business News

US inflation numbers are understated, could be up to 20% – RT’s Keiser Report

Soaring commodity and house prices are further proof that inflation is here to stay and it is much higher than the Federal Reserve wants Americans to believe, according to Max Keiser and Stacy Herbert.

Aside from the Fed’s money-printing, other reasons for spiking prices include de-globalization and growing tensions between the US and China, Max Keiser said in the latest episode of the Keiser Report.

“Because there’s some antagonism and because incomes in China have now matched those of the US, that ability to hide the money printing through the labor sink of China is gone. So now you have prices going up for real for stuff like lumber,” he said. “The Fed says it’s transitory… it’s categorically a lie.”

The central bank earlier said that it will continue its easy money policy, despite it acknowledging that inflation is on the rise. In March, the Consumer Price Index (CPI) jumped 2.6%, but government officials believe that the spike is short-lived.

“The inflation numbers are understated not for the reasons we’ve talked about – like the absence of including things like healthcare, and education, and housing in the official CPI numbers,” Keiser noted, adding that the real figures could be at 7-9%.

Another factor missing in those figures is shrinkflation, according to the host, meaning you buy items for the same price, but get less in the package.

“So if you add that together… now you’re talking 20% inflation,” Keiser said.

For more stories on economy & finance visit RT’s business section

Author: RT
This post originally appeared on RT Business News

Bitcoin & gold are quite complimentary, investment guru tells RT’s Keiser Report

Max Keiser continues his interview with James Turk of GoldMoney.com about bitcoin and gold to find out which asset could be considered as a hedge and why.

“Bitcoin is the currency of the future because it has proven to be an escape currency, it’s a way of getting your purchasing power into something that’s relatively safe,” says Turk.

He points out that “Bitcoin and gold are in fact complimentary to one another because the weaknesses of gold are the strength of bitcoin,” and vice versa.

“What I mean is that you can hold gold in your hand but you can’t do that with the bitcoin” but gold can be confiscated while the cryptocurrency cannot. “So, the two are really complimentary to one another, and if you feel that you need to own gold in your portfolio (and everybody should as a hedge), you might consider a cryptocurrency, like bitcoin, in your portfolio as well,” the expert says.

For more stories on economy & finance visit RT’s business section

Author: RT
This post originally appeared on RT Business News

RT’s Boom Bust takes a look at how G7 plans to tackle rising China… without upsetting Beijing

As leaders from the world’s seven most industrialized nations gathered in London, the US has called on the G7 club to challenge the increasing power of China.

“What we are trying to do is to uphold the international rules-based order that our countries have invested so much in over so many decades,” US Secretary of State Antony Blinken said.

He added that neither the US nor its allies are trying to contain China or hold it down.

READ MORE:Tell the truth, America… the G7 meeting is all about trying to contain the rise of China

RT’s Boom Bust is joined by the program co-host Ben Swann to explore how the group of seven plans to deal with the rise and growth of China.

“Secretary Blinken is really trying to play both sides with this,” the investigative journalist said, stressing that the US is calling for a tougher stance towards Beijing.

“But at the same time, they don’t want to upset China,” he added, highlighting that none of the G7 nations were taking any steps to decouple their dependency on China.

For more stories on economy & finance visit RT’s business section

Author: RT
This post originally appeared on RT Business News