35 Burst results for "Forbes"

Charles Payne: Did Sam Bankman-Fried Buy Protection From Democrats?

Mark Levin

01:53 min | 2 weeks ago

Charles Payne: Did Sam Bankman-Fried Buy Protection From Democrats?

"But it's very interesting to me the Democrats don't seem really angry about this Here they are busy getting things done that they want to rush through but they don't even want a hearing on this The SEC the failures there and the other regulatory entities that are out there You have big tech that monitors their own platforms but apparently didn't care about this And I look at this and I say to myself was this guy buying protection from the Democrat party because the Democrats are much more aggressive in their investigations and Republicans Right Yeah it's possible And in fact I had a guest on today who was a Bitcoin expert And it's not just the Democratic Party in the regulators but the media Since all of this has come out yesterday The New York Times wrote a glowing article about this guy Never mentioned a word fraud never mentioned the word crimes never mentioned any of those words They did talk about how little sleep he gets and Internet he was frugal even though he has a $40 million pad in The Bahamas He flies around in private jets Vox wrote an article saying that the talk of him having influence over the Democrats is over is oversimplified or exaggerated Forbes wrote an article suggesting he and his parents practice I think you call it it's called utilitarianism and apparently this doctrine that you go through life and you try to help as many people as possible So Forbes wrote an article saying whatever he did was altruistic in an effort to help other people This is the media circling the wagons around this guy who has ripped off a million people are now creditors in this bankruptcy Billions of dollars and they're making him out they're still trying to make them out to be a hero

Democrat Party SEC Democratic Party The New York Times Forbes The Bahamas
Sam Bankman-Fried: Fallen Crypto CEO and Democrat Donor

The Dinesh D'Souza Podcast

01:43 min | 2 weeks ago

Sam Bankman-Fried: Fallen Crypto CEO and Democrat Donor

"I'm here to talk today about this crypto guy, the crypto billionaire, Sam bankman fried. And his rapid fall from grace. Now this is a guy who very assiduously cultivated the media. He was only 30 years old. So it is a 30 year old billionaire and there were all these articles I was seeing from places like fortune and Forbes. He's the new Warren Buffett. He's a new Carnegie. And I'm thinking, wow, well, didn't Warren Buffett build up his expertise and wisdom, painfully, over many, many years, if not decades, and isn't the same true of Rockefeller and Carnegie and so many other of the old tycoons, so and I think the point of these articles was, yeah, well, this guy must be even smarter because he's only 30 and look where he is. So in other words, he has figured out a much faster road to success than even some of the old revered names captains of industry and of finance. Well, it turns out that this sandbank went freed was running a kind of a Ponzi scheme. It seems or a some have said even a money laundering operation. And here is the political implications. He's been running a kind of scheme to the benefit of the Democratic Party. Now, some could argue, wait a minute and she also did give some money to Republicans and while that's true, in fact, apparently gave a little bit of money to McConnell. The vast vast majority of his contributions have been to Democrats.

Sam Bankman Warren Buffett Forbes Rockefeller Carnegie Democratic Party Mcconnell
Dan and Tanya Snyder hire firm to explore sale of Commanders

AP News Radio

00:33 sec | Last month

Dan and Tanya Snyder hire firm to explore sale of Commanders

"The owners of the Washington football team Dan and Tanya Snyder say they've hired Bank of America's securities to consider potential transactions asked if that means selling all or just part of the team a spokesperson says we're exploring all options Forbes estimates the commander's worth at $5.6 billion 6th among the league's 32 teams Snyder's ownership has come under increased pressure amid investigations by the league office and Congress into the team's workplace culture and possible financial improprieties Ben Thomas Washington

Tanya Snyder Bank Of America DAN Football Washington Forbes Snyder Congress Ben Thomas Washington
Emily Jashinsky's One-Woman War Against TikTok

America First with Sebastian Gorka Podcast

02:23 min | 3 months ago

Emily Jashinsky's One-Woman War Against TikTok

"Back with the culture beat portfolio holder. I like that. At the federalist, the dot com, she's Emily yoshiyuki. I'm gonna have to challenge her now. I'm watching a clip of his on her Twitter feed. Where you have glasses on. Is this fake news? Is this what you do on television? Do you put you put on those fake Charlie trappin and glasses? Because you're not wearing them right now. Are you Emily? No, I need them to read a teleprompter. So anytime I have three to tell, I'm nearsighted. So anytime I have three dollars. All right, so she's reading a teleprompter. Now we know these are the hard questions. These are the hard penetrating questions we ask here on America first. All right, let's talk about the reason we actually got you on the show. It's this piece you did for the federalist. Your single woman war, you are waging against TikTok, which is absolutely superb. Why is this such a problem? And tell our list is across the nation. What is TikTok's elections center Emily? It's unbelievable how under the radar the election senator election center is flying right now because TikTok a lot of people know is owned by a very powerful, very, very big Chinese company named ByteDance, which also owns and operates the Chinese version of TikTok. Well, they've been trying really hard to prove to American consumers that our data is going through Oracle. They've partnered with Oracle throughout all American data into the cloud and make sure that Oracle audits the algorithms so that this app, which is basically the most popular app in the country that an average teenager spends hours a day on is being sort of controlled by the Chinese Communist Party. But of course, by Chinese law, any time the Chinese Communist Party would come to ByteDance and ask for the data, they would have to give up access to it. There are a number of people a new Forbes report showed there are plenty of people that work at ByteDance on TikTok. They have TikTok in their portfolio who are currently or formerly have worked for state media in China. Our own Justice Department found that there were some a 130 members of the Chinese Communist Party working for ByteDance in 2020. And so this massively powerful network that our teenagers are spending hours of time on, it could well be tweaked by the CCP players of the long game in the CCP to get us very addicted because it's a very addictive product

Emily Yoshiyuki Charlie Trappin Senator Election Center Bytedance Oracle CCP Emily Twitter America Justice Department China
Kim Githler Discusses What to Do With Money in Biden's Economy

The Dinesh D'Souza Podcast

02:11 min | 4 months ago

Kim Githler Discusses What to Do With Money in Biden's Economy

"Guys, I'm happy to welcome to the podcast a new guest. This is Kim gitler. She's the founder of the money show. In fact, money show has been going since 1981 and over 40 years she's been a very influential financial educator with investors with traders with financial advisers with ordinary citizens as well. She has been honored by the New York Stock Exchange. In fact, she's had a chance to ring the closing bell and I Kim, welcome to the podcast. Thanks for joining me. Great to have you. Boy, we're living in a little bit of a turbulent and rocky economy it appears. Talk a little bit about, I mean, should we be frightened that our accumulated savings over years or even decades is somehow going to go poof? Well, dinesh, first of all, it's an absolute pleasure to be on your program and to be a part of your program. You've done so much work for our community and the U.S. in your books in your movies in your commentary. So thank you for having me. It is a distinct pleasure. We have a lot of problems going on. There is no question about that. I've been in this business for 42 years, and I started with Louis Rukeyser. So many, many years ago, and of course the Forbes is also on our platform, as well as Larry kudlow, and many of the phenomenal economists that we all follow. And we have seen in this Biden economy, first of all, an administration that has no experience in business whatsoever. Their policies have hurt this country dramatically, especially in the fossil fuel area. You know, they should take the fossil fuel issues that we are having, obviously, with climate change and some of the issues that they're trying to advance. And do it in a very modulated, careful way, and instead they're radically making changes that are affecting our consumers today in not a good way.

Kim Gitler New York Stock Exchange Louis Rukeyser Dinesh KIM Larry Kudlow Forbes U.S. Biden
Sanctioned Russian oligarch's megayacht hides in a UAE creek

AP News Radio

00:56 sec | 6 months ago

Sanctioned Russian oligarch's megayacht hides in a UAE creek

"In a dusty part of the United Arab Emirates where workers cycle by rustic tea shops one of the world's largest yachts sits in a quiet spot so far avoiding the fate of other luxury vessels linked to sanction Russian oligarchs The display of lavish wealth is startling but A380 seven foot motor yacht a's presence also shows the UAE's neutrality during Russia's war in Ukraine as the gulf country remains a magnet for Russian money The craft belongs to Andre Mel nishank on oligarch worth some $23.5 billion according to Forbes he once ran the fertilizer producer Euro chem and suek one of the world's largest coal companies the EU has included malna in a mass list of sanctions on business leaders and others described as close to Vladimir Putin I'm Charles De

United Arab Emirates Andre Mel Nishank Ukraine Russia Malna Forbes EU Vladimir Putin Charles De
 Kremlin critic Browder urges squeeze on oligarchs' enablers

AP News Radio

00:54 sec | 6 months ago

Kremlin critic Browder urges squeeze on oligarchs' enablers

"Kremlin critic Bill browner wants governments to step up efforts to get to the riches squirreled away by Russian oligarchs and linked to president Vladimir Putin at the World Economic Forum in Davos browder told the AP the oligarchs have lots of money right in front of our eyes Since Vladimir Putin took power he and the thousand people around him have stolen a $1 trillion from the Russian state The early investor in post Soviet Russia says oligarchs aren't naive They've set up structures to protect themselves browder's idea to force the people who set up these structures The enablers the lawyers the accountants the trustees under law to become whistleblowers to the government There are sanctions against oligarchs but browder says it's only scratching the surface There's only 35 oligarchs out of a 118 who are on the Forbes list who have been sanctioned by the either the U.S. EU UK

Bill Browner Browder Vladimir Putin World Economic Forum Davos AP Russia Forbes U.S. UK
Steve Forbes Breaks Down the Value and the Benefits of Gold

Dennis Prager Podcasts

01:16 min | 7 months ago

Steve Forbes Breaks Down the Value and the Benefits of Gold

"I have never understood which may be a reflection on me. I acknowledge that, but I have never understood the argument for getting off the gold standard. I would love to know from you who I think it's clear to say you thought it was a bad decision, why was the decision made and how does one defend it? Well, first, they gold standard is the way in which you keep the value of a currency like the dollar stable. Gold for a variety of reasons keeps its intrinsic value better than anything else on this earth. Not perfect, but better than anything else. And so it's like a yardstick or a scale or a clock, which measures time. Money measures value. And when you attach it to gold, you ensure that it says a stable value. And people today, especially economists, don't know or overlook that we were on an old standard for a 180 years from the 1790s when Alexander Hamilton put us on it to the early 1970s

Alexander Hamilton
Are All Reagan Presidential Foundation Board Members Reaganites?

Mark Levin

02:07 min | 8 months ago

Are All Reagan Presidential Foundation Board Members Reaganites?

"It looks like mostly the board Of the Reagan foundation Which I feel a very close affinity to our Friends and surrogates and confidants of the chairman Fred Ryan to make sure he has no challenges And your little fare early on he was staff assistant at the pregnant president Reagan in the office of presidential advance Where of course he would have met his friend Fred Ryan Just giving you some examples Let's see here We have John lonsdale cofounder managing partner 8 VC a U.S. based venture capital firm which manages $4 billion Something is strange here mister producer Why all these individuals these investors these finance guys there aren't many reaganites on the Reagan border directors ladies and gentlemen and McLaughlin core locus is Steve Forbes is Then you have Susan McCall businesswoman former diplomat and philanthropist She served as the U.S. ambassador to the republic of Austria under whom And is currently president of S and R capital investments We have Rupert Murdoch and Lachlan Murdoch those are two reaganites Peggy noonan really a reaganite name only Ted Olson used to be an old buddy of mine but he's crossed the railroad tracks Gerald parsky chairman of aurora capital Jim Patterson chairman chief executive officer for sole owner of the Patterson group Canada's third largest privately held company I know that was here oregano

Fred Ryan Reagan Foundation John Lonsdale President Reagan Susan Mccall VC Steve Forbes U.S. Lachlan Murdoch Republic Of Austria Mclaughlin Reagan Rupert Murdoch Peggy Noonan Gerald Parsky Ted Olson Aurora Capital Jim Patterson Patterson Group Canada
No Report of Serious Injuries in Pittsburgh Bridge Collapse

Mike Gallagher Podcast

01:12 min | 10 months ago

No Report of Serious Injuries in Pittsburgh Bridge Collapse

"Of course, polls continue to come out showing Biden hemorrhaging support, even among the base, Biden is scheduled to speak today in Pittsburgh. This is unbelievable. Hours before President Biden was due to arrive in Pittsburgh to tout his infrastructure plan, a bridge collapsed. The bridge carrying Forbes avenue through Frick park east of downtown gave way shortly before 7 a.m.. There were at least four vehicles that fell into a wooded ravine, thankfully no report of serious injuries. There were several people apparently injured who were transported, but none of them appear to be life threatening. Now let that sink in. Let the image of Biden touting his infrastructure plan with this disastrous Pete Buttigieg at the helm of the transportation department, how does a bridge collapse? Are there inspections? You know, 43% of our roads are in mediocre or poor condition.

Biden President Biden Frick Park Pittsburgh Pete Buttigieg Transportation Department
Does Covid Increase the Risk of Stillbirth or Newborn Death?

The Charlie Kirk Show

01:02 min | 11 months ago

Does Covid Increase the Risk of Stillbirth or Newborn Death?

"This new article came out today. I sat on Google news, which is that COVID-19 new study shows risk a severe illness and stillbirths for unvaccinated pregnant women. So they say to prevent stillbirths, this according to Forbes CBS News isn't an interesting and you mentioned this earlier doctor how they're able to kind of get it to every single type of news outlet very quickly. It's almost like there was an operation mockingbird that was stood up in the 1960s and 70s. So they want you to get vaccinated to prevent a stillbirth. So here's the interesting thing. So we have the data. We have the control sample. We call it 2020. We didn't have vaccines. If stillbirths were poppin, as a consequence of being COVID infected, we would have seen it in that data strongly. And it didn't start showing up until recently, and now they're saying, it must be because you're unvaccinated. Now, there's no data for that. It's unsubstantiated. It's medical misinformation without the data to back it up is propaganda, what it is at this stage. We don't have the data.

Cbs News Forbes Google
Dr. Anthony Fauci's Giant Golden Parachute

The Trish Regan Show

01:57 min | 11 months ago

Dr. Anthony Fauci's Giant Golden Parachute

"All right, I want to turn to another big story right now that we've been following on Trish Intel dot com, my website, and that is doctor Anthony Fauci's giant golden parachute. I mean, it's like the biggest ever. The largest golden parachute, the largest retirement in U.S. federal government history. In fact, Anthony Fauci is going to get more than $350,000. For his annual retirement, think about that. I mean, the guy never needs to work. He's had 55 years of service as a federal employee. He could retire today. Maybe he said, maybe that's the answer. Maybe we should say, hey, go take your $350,000 pension and go have a good day. Because you're kind of messing everything up. Constantly. I mean, one day it's this one day it's that one day it's this one day it's that and he's created tremendous confusion for which he really should be held responsible, but it's not just that what bugs me more than anything is the lying, the lying about what we did in terms of funding the Wuhan institute of virology in China. There are records of the U.S. taxpayer dollars about 600,000 of them and I don't care if it's just ten cents. I know some people are 600,000. No big deal. Well, you know what? It is a big deal, because it means that we played a role in the funding of this risky research, not only did we play a role, we tried to then say, oh, we didn't. And that's not we, that's Anthony Fauci, doctor Anthony Fauci, trying to cover up effectively. The role that the U.S. taxpayer had in funding the virology institute in Wuhan, that's not okay. It's not acceptable. But you know what? He's going to be sitting pretty, really, really pretty because he has, as I said, nearly $400,000 in his pension. You know, so he can retire and do nothing. 340,000 to 350,000 each year in federal retirement payments. That's according to Forbes dot com, which crunched some of these numbers. I mean,

Anthony Fauci U.S. Federal Government Wuhan Institute Of Virology Intel Confusion Virology Institute U.S. China Wuhan Forbes
The Ideal Inflation Rate Isn't 2%, It's ZERO

The Larry Elder Show

01:13 min | 1 year ago

The Ideal Inflation Rate Isn't 2%, It's ZERO

"Steven, I remember when I studied economics in college, the ideal inflation was zero. And I know that the fed is always talking about 2% inflation as if somehow that's okay. That's not okay either. Well, we need to deal with, you know, Ronald Reagan talked about and my and your good friend C Forbes, which is make the dollar as good as gold. You know, make it stable. You have a currency. The whole purpose of your currency is that it is a stable and value. You learn this and economics 100 that it retains its value and its immediate exchange, but how can it doesn't retain its value when inflation goes up? And you can't use a currency where the inflation out of control is a store of value. And by the way, this is one of the people always ask me, why is Bitcoin going up so much? And I think it's because Bitcoin has become the new kind of alternatives to these government currencies that the governments are borrowing massive amounts of money and this inflation issue ties directly to the massive increase in borrowing and spending. And don't you love the line by Joe Biden and he's last week. He said, well, if you want to solve the inflation problem, pass my $3 trillion spending bill.

C Forbes Steven Ronald Reagan FED Bitcoin Joe Biden
Paul, Suns beat Spurs 108-104, 1st team to 20 victories

AP News Radio

00:39 sec | 1 year ago

Paul, Suns beat Spurs 108-104, 1st team to 20 victories

"The the sons sons of of the the first first NBA NBA team team to to twenty twenty victories victories after after Chris Chris Paul Paul delivered delivered twenty twenty one one points points and and ten ten assists assists in in a a wanna wanna wait wait one one oh oh four four down down in in the the spurs spurs Paul Paul converted converted a a three three point point play play that that allowed allowed the the sun's sun's iced iced the the win win J. J. Crowder Crowder had had a a season season high high nineteen nineteen points points for for Phoenix Phoenix although although I'm I'm certain certain that that if if you you roll roll in in and and out out there there in in the the first first half half of of this this you you are are I I was was on on I I was was pretty pretty much much on on my my site site was was so so great great and and I I just just wanted wanted to to stay stay aggressive aggressive knives knives out out there there to to get get a a floor floor going going to to give give me me one one she she wanna wanna go go in in and and for for males males only only had had a a few few so so just just on on sale sale grass grass if if the the spurs spurs had had their their four four game game winning winning streak streak snapped snapped to to chante chante Murray Murray was was high high man man for for San San Antonio Antonio with with seventeen seventeen points points while while Bryn Bryn Forbes Forbes added added fifteen fifteen off off the the bench bench on on the the ferry ferry

Chris Chris Paul Paul Paul Paul NBA J. J. Crowder Crowder Phoenix Spurs Spurs Spurs Chante Chante Murray Murray San San Antonio Antonio Bryn Bryn Forbes Forbes
"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

03:21 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"Hello i'm steve forbes. And this is what's ahead. Where you get the insights you need to better navigate. These turbulent times one reason for the sour mood of people. These days is the counterproductive behavior of our political and public health officials when it comes to the pandemic announcements are confusing contradictory and too often of an unjustified sweeping nature instead of being nuanced healthcare bureaucracies stubbornly remained attached to their bureaucratic protocols instead of responding with alacrity and common sense to the needs of the moment and washington is now playing a nasty game politics against certain republican states here four examples of these deadly. Tendencies i start with president. Biden's diktat regarding vaccines. The decree was issued in the spirit of anger and finger-wagging persuasive messaging instead of public shaming would have been more productive. A more focused approach would also have helped for example for historic reasons. Many in the african american community have a deep suspicion of vaccinations. A calm patient and sustained campaign in the beginning might have achieved greater success than the blunderbuss tactics employed. The president also ignored the fact that people who had the disease had acquired immunity that is likely to be far more effective than vaccines. Why should they be forced to take the jab. The most vulnerable part of the population for death remains people above the age of sixty five and the vaccination rate there is over ninety percent moreover a study from the national institutes of health conclude that in twenty twenty probably one hundred million americans were infected. Not the twenty million reported such with the lack of symptoms or their mildness that eighty million people didn't know they have the disease that was in twenty twenty today. The number of infected people is probably around one hundred and fifty million the second example of government blundering is the brouhaha over a booster shot the bureaucratic mindset of the fda was on display when an advisory panel came out against people under sixty five getting this jab unless they are high risk real life evidence from israel and elsewhere demonstrates that the efficacy of the shots goes down over time for every age group so why not let people and their doctors decide for themselves whether to get the booster here the biden administrations more inclusive approach was the correct one. Third real world. Experience has shown the monoclonal antibodies like. Regeneration are extraordinarily effective in treating the disease yet deadly arbitrary restrictions are still in place and fourth. The biden administration has just decided to play lethal form of politics by cutting back supplies of monoclonal antibody treatments to red states. Like florida texas. Where the most needed. The unstated reason undercut republican governors really ugly stuff. I'm steve forbes is what's ahead thanks for listening. Do send in your comments and suggestions. I look forward to being with you soon again..

steve forbes Biden washington national institutes of health biden administrations fda biden administration israel florida texas
"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

03:13 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"The government war against cryptocurrencies just heated. Up will the regulators succeed in crushing them. Hello i'm steve forbes. And this is what's ahead where you get the insights you need to better navigate. These turbulent times. The sec just escalated the war by central bankers and financial regulators to cripple the growth of crypto currencies. The agency served notice on coin based global a cryptocurrency exchange platform. Its intent to sue the company. Usually these actions are kept quiet while a surrender by the target entity is negotiated behind the scenes. Not here knowing the stakes involved coined base went public the ceo of coin base called. The sec's move sketchy and quote intimidation tactics. Behind closed doors and to quote the technical issues what qualifies as a security. The broader issue is whether governments and central banks can smother crypto movement with rules and decrees that severely restrict their uses regulators fear. The cryptos can become alternatives to the traditional banking and financial system and worse in their minds provide viable substitutes for government currencies coined based proposed a program called coin base lend that would permit its customers to earn interest by lending their holdings of a stable coin called usd c. to coin base which then lend the crypto to other institutions. Usd is crypto tied to the dollar at a one to one ratio. The virtue of a stable coin crypto is that it avoids. The manic volatility of traditional cryptos like bitcoin which makes their uses the money that can easily be used for everyday commercial transactions and for long term contracts. Highly problematic if not impossible. What coin based proposes is waving red cape to those who want no challenges to the status quo. Yes the claims that offering interest makes what coined base wants to offer a security and the springs. It under the agency's purview. What worries the. Sec is that other outfits are already offering such lending programs and wants to block this growth before reaches a critical mass. It wants a precedent to stop it or at least drastically. Slow it down the sec. Here is out for blood. The conflict between governments and the crypto world will take many turns regulators and congress are just waiting for a huge market correction to move far more aggressively to rein in crypto currencies. And of course this new world has its share a bad actors and scamsters ultimately however governments at least in democratic countries will have to make peace other governments. Will we left having to devote mammoth resources to try to control it. Just as china does today with the internet but even there the technology will outpace the bureaucracy. I'm steve forbes. Thanks for listening. Do send in your comments and suggestions and look forward to being with you soon again..

sec coin base steve forbes bitcoin red cape Sec congress china
"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

02:59 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"Hello i'm steve forbes. And this is what's ahead. Where you get the insights you need to better navigate. These turbulent times in twenty twenty two thousand four hundred. Us government healthcare school networks. Were shut down by ransomware attacks. A three hundred eleven percent increase over the previous year that downtime average twenty one days but full recovery took two hundred and eighty seven days and these do not include the many assaults on private companies earlier this year. We are all vividly. Reminded of the danger of these hacks who've what happened with the colonial pipeline which supplies forty five percent of the gas for the east coast not to mention a beef infrastructure and the serious breaches revealed last december of solar winds. Accompany that provides critical. It software to numerous large companies and government agencies president biden promised full retaliatory measures with future attacks unfortunately russia china iran and north korea are not impressed. A cyber attacks continue. Obviously there are a number of defensive measures that must be taken at both the private and government levels starting with more information sharing but one thing we must do rather than just talk about. It is to go on offense. We must do more to respond to these attacks. Washington should undertake offensive and preemptive cyber attacks. We have the capabilities to do. So such moves would remind these rogues that their activities are not cost-free. A handful of such costly attacks would put our enemies in a frame of mind to adapt an actually adhere to agreements to cease such activities. Russia for instance is heavily dependent on the revenues. It gets from its large. Oil and gas operations. Any kind of disruption of its pipelines would get instant tension in the kremlin. These bad actors would how let them but they would soon realize that a betting cyber attacks is now a no win game for them. Diplomacy would then bear real fruit. The biden administration doesn't get fully grasp that diplomacy not backed up with credible strength is ultimately futile. Congress could do its part by immediately passing the cyber diplomacy act which among other steps would established in the state department bureau of international cyberspace policy to push cybersecurity internet access and freedom and stopping international cyber threats. Our allies in french would gladly cooperate with a credible approach. Here knowing there's real muscle to back up efforts to establish meaningful international rules of the road regarding the internet. I'm steve forbes. Thank you for listening to send your comments and suggestions. And i look forward to being with you soon.

steve forbes russia east coast biden north korea biden administration iran china Us Washington Congress
"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

03:15 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"Congress will be returning to washington with democratic leaders. Hell bent to pass a multi trillion dollar budget bill as well as other destructive legislation. Can they be stopped. Did they realize we face now. A new reality hello. I'm steve forbes and this is what's ahead we get the inside. she needed a better navigate. These turbulent times the white house and congressional democrats will now be making a massive push for its radical domestic agenda. They already details of its mantras budget bill with at least four new entitlements that haven't been properly examined and debated extraordinary expenses of medicare medicaid and obamacare frightening new police powers for the irs and he's slow subsidies for programs that don't meet real world criteria for success as defense spending an american military that increasingly is not rising to the challenges posed by china not dimension russia iran north korea which is revving up again. It's production of nuclear weapons and delivery and revitalize terrorist movements around the world. Real spending is being cut. What is astonishing. Here is the wilful determination to ignore how the afghanistan disaster has changed the world. We live in islamic terrassa. Now convinced that they can defeat the west of only they have the patience and persistence. Recruitment is growing rapidly. Twenty years ago the. Us routed the taliban in afghanistan today. The taliban rules again with tens of billions of dollars of advance american weaponry and the prospect of billions of dollars coming their way by effectively ransoming americans and afghan allies left behind. Russia will be ramping up pressure against ukraine to bring that large country under his thumb not dimension countries like georgia and even nato member such as latvia estonia and lithuania. Who knows what moves. Beijing will now be tempted to do against taiwan india. Japan and other asian nations will be making calculations based on a week unreliable. Us under these circumstances it is crucial. The us take steps to reassure a world of shaken anxious allies and emboldened adversaries for starters. The defense budget should be boosted. So the world doesn't believe america america's we could turning inward destructive economic legislation. Should be shelved and congress should enact measures that encourage the economy not hobble. It democrats should look ronald reagan whose policies decisively dramatically turned around the country. Demoralize i seemingly unstoppable stagnation of the nineteen seventies unfortunately the new realities being ignored for now by those holding power. Fortunately the american public won't stand for this. You may see the first signs of this. And that recall election of california governor gavin newsom or in the gubernatorial election this november in virginia and even perhaps in a similar race deep blue new jersey. I'm steve forbes. Thank you for listening. Do send in your comments and suggestions and look forward to being with you soon again..

steve forbes terrassa taliban afghanistan Russia Us white house Congress north korea medicare irs washington iran china latvia estonia lithuania ukraine nato taiwan
Biden Admin Erased Accounting Reports of Weapons Left in Afghanistan

The Dan Bongino Show

01:29 min | 1 year ago

Biden Admin Erased Accounting Reports of Weapons Left in Afghanistan

"Forbes just put this out. Biden administration now scandalously I added that in there because they of course Forbes. Yes. You know, they got to run a little interference form. By the administration of Erase the Afghan weapons reports from federal websites. You see this story? So federal websites have an accounting of all of the equipment and weapons we left behind. Wow. Look at that Those reports magically disappeared. How did that happen? So just to be clear. It's perfectly OK to give a list. They kill list of Americans to the Taliban. Hey, here's our list of people. Not that you're going to do anything with it right. You can give a kill list of Americans to the Afghan Taliban, a bunch of child bride taking medieval savages. But a list of weapons on federally paid for by our tax dollars websites. No, No. You got to scrub that. This is the most corrupt administration in modern presidential history. This man has disgraced the office. He is a corrupt, senile loser. He is going to destroy this country. We cannot tolerate another minute of this man's idiocy. He must be impeached immediately. It should be unanimous. There should be no holdouts at all. I don't care if you're in a swing district, a Democrat district or a cook P V I. R. Plus 72 district, Joe Biden, for the sake

Biden Administration Forbes Afghan Taliban Joe Biden
400% Over 4 Years of Coaching With Entrepreneur Clay Clark

Entrepreneur on FIRE

02:48 min | 1 year ago

400% Over 4 Years of Coaching With Entrepreneur Clay Clark

"Today we're talking about four hundred percent over four years of coaching with none other than clay clark. And let's just be honest klay because fire nation likes success but they love super success breakdown. What you think the first step to achieving super successes. Well i think the first thing we have to recognize is the the harsh reality that ninety. Six percent of businesses fail according to inc magazine. That's not my opinion. That's magazine will tell you if you look up other statistics you're gonna find eight hundred. Ten small businesses failed forbes. Eight at ten nine hundred ten businesses. Fail dear research tonight folks. Look that up but the first you have to recognize that most people are going to fail by default. So you have to become an intentional person so step one you have to define what success looks like. I mean what does success look like for your faith your family finances your fitness your friendship and your fun and napoleon hill once wrote that a goal is a dream with a deadline napoleon hill the bestselling author of thinking grow rich. You know the personal printers for andrew carnegie. He said that he's a goal is a dream with a deadline. So ask yourself right now. You know i. I have in removing to a forty acre property. Moving to a new building. Moving there i have to ask ourselves what does a successful man cave look like. What does it look like. I'm being serious. I'm telling the listeners out there. This is true a successful man cape books like this three quarters of my beautiful house. My wife has to approve. Of which means that. I will not like it. Because it's going to be boozy transitional and whatever that is but if she's happy i'm happy but then we go to the man cave. This is my family. My man cave has to feel like a dive bar. I have to have rustic. Beat up floors. I've got to have live edge. Would i gotta have a urinal. These are things. That i need jail. These things. i have to have a forty seven foot waterslide but did extends from my waterfall in my backyard. What kind of a successful entrepreneur could possibly do life without a urinal a urinal it's an incredible By the way without having his own forty seven foot waterslide. I'm i'm a forty year old man. I need a forty seven foot waterslide. So but if by default i just met with builders and said well do whatever you think i probably would not have a forty-seven i probably would not have a urinal in my bathroom. My wife would probably not have the existence that she wants. And i would probably not have enough land that i can buy all the yaks llamas and chickens that i want but i want you accent llamas and somebody else listening to says you're sick. You're crazy. well. I might be crazy. I might be a modern billy madison. But the point is ladies and gentlemen you have to define. What are your goals for your faith your family your finances your fitness your friendship your fun and you have to ask yourself. How much does that cost per year.

Clay Clark Inc Magazine Napoleon Hill Andrew Carnegie Billy Madison
"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

03:25 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"The big annual gathering of global central bankers takes place this week. The most tantalizing question will the federal reserve reveal when it will pull back from its massive purchases of bonds. And what will this do to stocks. Hello i'm steve forbes. And this is what's ahead where you get the insights you need to better navigate. These turbulent times each year in late august central bank officials as well as other financial figures around the world meet in jackson hole wyoming to discuss various monetary and economic issues. Thanks to the delta variant. The confab is virtual this time. Investors are anxiously awaiting the speech by federal reserve. Chairman jerome powell. What are fed plans for cutting back. Its massive monthly purchases of treasury bonds and mortgage backed securities investors fear a sharp cutback will send up interest rates and wack stock prices. Back in twenty thirteen. The mir mentioned by the fed that would reduce a previous big bond. Buying program sent stocks into a swoon. The reaction was dubbed the taper tantrum. But here the two major takeaways for investors i the tapering has already started. Only it's being done surreptitiously. Second future fed. Monetary policy is more in the hands of congress than powell and his cohorts now concerning tapering every month. The fed has been buying one hundred. Twenty billion dollars of government bonds and mortgages thanks to covert nineteenth stimulus bills passed by congress and money previously created by the federal reserve. Out of thin air the financial system. Today's a washing liquidity corporations hold trillions and cash banks are loaded with lendable funds. Consumer checking accounts aren't record levels given all this the continuation of the scale of the fed's bond buying should be fuelling far worse. Inflation that what we've been experiencing our central bank is staved off a bigger crisis for now by employing a rarely used gimmick what is technically called reverse repurchase agreements reverse repos for short in essence. The fed is borrowing back. The money creates with its bond buying. It's like pouring a bucket of water in one end of a pool. Then removing that water from the other end in february the amount the fed held of these reverse repos was zero. now it's over one trillion dollars. How long can are central bank. Do this considering that. These devices are very short term in duration literally often overnight. This gets to the fact that the federal not being control of its destiny. If congress passes president biden's humongous spending bills the central bank will face irresistible pressure to buy bonds to help finance this extravagance biden's tax increases will send the economy to a screeching a slowdown that was sharply curtail government revenues thereby necessitating uncle. Sam having to take on more debt to cover the shortfall. The fate of stocks is in the hands of congress which should give investors pause. I'm steve forbes. Thanks for listening. Do send in your comments and suggestions look forward to being with you soon.

federal reserve Chairman jerome powell steve forbes congress wyoming jackson powell biden Sam
WWE 2K22 Screenshots Released

Kinda Funny Games Daily

01:02 min | 1 year ago

WWE 2K22 Screenshots Released

"Usually we wouldn't talk about screen shots but kind of funny games. Daily fans might remember one week ago when blessing. I talked about this news story. W w k twenty two has reportedly been completely rebuilt in looking fantastic. This was chris going over. Vg see deputy me to k twenty two is looking fantastic. Following a complete rebuild games Of a series game engine it has been claimed forbes writer. Brian zeke Claimed during his latest youtube discussion stream that he had spoken to people familiar with the game's development who informed him that things were looking promising. Anybody who talking about game play at this point probably is somewhere close to two k. So you've got to take with a grain of salt. But i haven't told that the game is playing fantastic and that the gameplay engine is completely rebuilt mazzy continued. He later added. I also heard that the controls are much cleaner than they have been before. Now what cleaner means. I don't know but the last thing that i heard about this is that this feels like a wrestling fans wrestling game. In quote w k twenty two the first w two k title since the series skipped in annual release due to the disastrous launch of ww. Two k twenty

Brian Zeke Chris Youtube Wrestling
"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

03:12 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"I'm steve forbes and this is what's ahead we get the insights you need to better navigate. These turbulent times on august fifty nine thousand nine hundred seventy president. Nixon severed the dollars linked to gold. If after that fateful day the us had maintained the average rate of growth that it achieved the previous one hundred eighty years when it operated under gold standard. We'd have an economy today that would now be at least fifty percent larger. Ponder that for a moment that typical pre pandemic american household income would have been one hundred thousand dollars not the actual sixty six thousand dollars from the seventeen ninety s when the dollar was first linked to gold to the nineteen seventies from that link was sundered there'd been interruptions because of major wars and a devaluation during the great depression but it was always understood that the dollars ultimate value had to be linked to the yellow metal why we all know. Markets work best with fixed weights and measures. The size of a gallon of gasoline doesn't fluctuate each day nor do the number of minutes in an hour nor the number of inches in a foot. They're all constant. Money is a measure of value and works best when that value is stable just like those inches in afoot for a variety of reasons. Gold keeps its intrinsic value. Better than anything else on earth and has for four thousand years and that sense it's like a yardstick perfect but the best we have we see the gold price fluctuate. What you're seeing mostly is the value of the particular currency fluctuating. Gold is the constant economies. Can't grow without investment and you get more long-term productive investment when the value of money is not constantly fluctuating. investing as risk enough. But if you don't know what the value of the dollar will be in the future. Time horizon short hedging and currency speculation become endemic the average daily turnover of currency trading is now over five trillion dollars the myths surrounding the gold standard it causes depressions agricultural distress teenage. Jack need you name. It are numerous and false. The gold base britain would system that was created in the closing days of world. War two and blown up on august. Fifteen one thousand nine hundred seventy one had worked remarkably well. The us prospered western. Europe and japan boomed quickly surpassing prewar levels of production. Actually the closing of the gold window. August fifty nine thousand. Nine hundred seventy one was meant to be temporary but unfortunately our leaders and most economists back then didn't understand the basics of a gold based system. They didn't know how to manage it. And their heirs today are even more clueless which is why we're in for serious monetary disturbances in the months and years ahead. I'm steve forbes. Thanks for listening. Do send in your comments and suggestions look forward to being with you soon again..

steve forbes Nixon depression us britain Jack japan Europe
The Keys to Start Innovating in Your Business

The EntreLeadership Podcast

01:55 min | 1 year ago

The Keys to Start Innovating in Your Business

"I our conversation with brett. His nonprofit journey started with a trip that inspired him to think differently about housing and homelessness. Brad thanks so much for being with us today. How are you georgia great. It's an honor to be on with you. So you have an amazing story. You're a very accomplished person. Just reading your bio. I got tired. I literally it. Was you know cancer survivor. Y combinator graduate forbes. Thirty under thirty top one hundred most interesting entrepreneurs in the world by goldman sachs or speaker angel investor. What haven't you done. What is on the bucket list for you at this point. No dude it's a. I think. I just got started at a at a younger age. That was really just. Did you know out of college Starting a first startup that ended up failing. And so that that just gave me. I think an experience insight and Yeah the last last five years have been better but but yeah. It's it's still very early. So it's clear you've always kind of had this entrepreneurial bug in you but it wasn't always that you were you know this aspiring kind of business owner so talk to me about the story from you going on a life changing trip to haiti to go on all right. I'm not going to be a missionary. I'm gonna go be a business owner. What was that. like Yeah it's a great question. So i took a trip to haiti and It was actually for a for profit. Startup that i had and We were starting to give back a little bit of the money. We're making to a charity wasn't a lot. It was a little bit. And that's what put me on that trip. And then what. I saw was families living in extreme poverty without shelter. I mean just just horrible tents. And then when i came back george i didn't think i would start A charity necessarily in my early twenties. I always wanted to be more of a technology. Entrepreneur was kind of the the hope one day and so. I try to find other organizations that i could get really excited about and i could champion and i could really behind

Brett Brad Goldman Sachs Georgia Haiti Cancer George
"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

02:58 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"Watch out congressional democrats want to raid your retirement accounts. Hello i'm steve forbes. And this is what's ahead. We get the insights you need to better navigate. These turbulent times. They can't help themselves. Democrats in the senate and house our scarring about looking for money to finance their spending extravaganzas one idea is to tax retirement accounts. Democrats believe have grown too large reportedly their guests that some thirty thousand people have. Ira's worth more than five million dollars. So democrats are mulling ways to get their paws on that money perhaps with what would be outright confiscation of assets above a certain level or a certain percentage that must be paid out to beneficiaries as taxable income. And don't be loved that these rates would affect only the super rich several years ago president obama and several administration officials mused. That people didn't really need more than two million dollars or so on their accounts to fund a perfectly adequate retirement with inflation. That number won't be out of reach for tens of millions of people a decade or so hence another coming target could be roth. Ira's people fund these accounts with after tax income on the basis that future payouts would be exempt from income tax. That's the law traditionally raise of course the opposite contributions. these are tax deductible but payouts are taxable no surprise greedy washington politicians and their tax loving staffs and looking at ways to get their mitts on roth. Ira's by brazenly changing the law to tax or portion of these payouts or they might cap the size. These accounts are allowed to reach anything over that ceiling would be seized such looting of ira's or even allegedly bloated 401k's would be a forerunner of a wealth tax. Washington politicians are salivating. At how big these retirement vehicles have become nearly thirteen trillion dollars for ira's over seven trillion dollars for 401k's democrats are also examining new. Ways of tax varies trust funds especially their assets. These exactions our economy killers because they destroy the savings and capital necessary for economic growth without investment. There is no growth and no better standard of living the notion that washington bureaucrats can manage money better than the private sector is destructive. Wishful thinking. Look at what they've done to. Social security medicare trustees for social security estimate reserves there or run out by twenty thirty five for medicare years sooner or look what politicians have done to state and local pension plans most of which are alarmingly underfunded or look at the routine and massive overruns new military weapons systems. I'm steve forbes. Thanks for listening to send in your comments and suggestions look forward to being with you soon again..

Ira steve forbes roth senate ira president obama washington Washington medicare
"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

03:05 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"Federal reserve repos are exploding. Why investors should watch out. Hello i'm steve forbes. And this is what's ahead. We get the insights you need to better navigate. These turbulent times it hasn't had much publicity but the federal reserve has been using a seemingly esoteric device. Big time a gimmick really to try to prevent a future outburst of inflation far worse than what we've been experiencing investors had better hope for two big things one that the fed is thought through what it is doing and it's not simply grasping at a short term expedient defend off an inflationary disaster and to the congress does not pass president biden's humongous spending bills that in reality exceed a mind numbing incomprehensible six trillion dollars the device referring to is called a reverse repurchase agreement or reverse repo for short. It simply means that the fed ineffective borrows money from financial institutions for a very short period of time and use us government securities that is treasuries as collateral. Technically the fed sells the security agrees to bide back at a slightly higher price later. The difference between the higher price and the original price constitutes the interest payment now a few months ago the feds holding of these instruments was zero. Now they're around a trillion dollars. What gives why would the fed be barring so much short term money the main reason to soak up the mammoth amounts of money. That has been creating money. That if not neutralized could fuel a forest fire future inflation the rising prices were now experiencing have two causes one of course is the enormous supply chain disruptions from the pandemic the second is the excess money printing the fed engaged in twenty one thousand nine hundred twenty twenty which was reflected by fifty percent increase in the price of gold and unwelcome rising interest rates now. The fed is trying to curb its ongoing money. Printing thereby avoiding a big burst of inflation and twenty twenty two an election year for congress not raise interest rates hence these reverse repos in essence the fed manufacturers the money by buying bonds and paying for them by creating money out of thin air then pulls the money back by borrowing. It's short term. It's like pouring a bucket of water and went under the poll that removing a bucket of order at the other end. Investors need to know. How long can this game go on. That's where those proposed spending bills come in. If passed the deficit already huge will explode and the federal have to buy cartloads of bonds to finance it which means a flood of new money and eventually a new worse round of inflation if thwarted and the crisis for now will be far less acute. Let's hope congress. Does this one right. I'm steve forbes. Thanks for listening to send your comments and suggestions. And i look forward to being with you soon.

fed president biden steve forbes congress
"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

03:12 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"Mr washington don't compete with china but trying to imitate china. Hello i'm steve forbes. And this is what's ahead. We get the insights. You need it better. Navigate these turbulent times. China's economy is dominated by the government and as the economic competition heats up with the us a lot of washington. Politicians think we should do the same in response. Typical is senator mark warner virginia who declared i've been impressed with the chinese model nonsense. We should play or unique strengths. A free market environment. That makes it easy to go into business and allows inventive innovating entrepreneurs to emerge from the most unlikely backgrounds these inventors and innovators flourish here. Because they're free to try to develop new concepts and then improve them unlike any other country the us each generation creates scores of new giant. Cutting edge companies. Gigantic google was started in nineteen ninety eight facebook. Two thousand four government dominated economies ultimately flop at fostering creativity because they cannot foresee the future when it comes to new technologies and they're often surprising applications. We should certainly not go. The route exemplified by two hundred and fifty billion dollar boondoggle bill entitled the us innovation and competition act the passed the senate and it's now being considered by the house. The ideas have uncle. Sam play more and more of a direct role and what it deems critical areas of the economy less. We get rolled by the beijing. Juggernaut can't trust free markets for those things. The bill would create new bureaucracies such as the office of manufacturing and industrial innovation policy with the task of coming up with a national strategic plan to quote identify short-term medium-term and long-term needs and to quote. This office is not to be confused with the new federal strategy and coordinating council on manufacturing industrial innovation. Good lord the innovation provides fifty two billion dollars direct subsidies for new semiconductor fabrication plants. Because much of this productions outside the us it ignores the fact that the crucial areas of designing chip-making equipment are dominated by us companies already. The washington politicians are starting to specify where the new plants are to go. The book pushes money for research. Areas currently served well by the private sector. The us has passed. Experiencing government knows best. Scheming has hardly been edifying from supersonic airlines too fast breeder reactors to corn based ethanol which harms the environment. China's record hasn't exactly been a barn burner. Either this blown. Up to seventy billion dollars and unsuccessfully trying to create a competitor to boeing and airbus. If we're serious about getting the us up to its game we should not suffocate the economy with an avalanche of new taxes and regulations or heard it with a weak dollar or knack monstrosities like that senate. Bill i'm steve forbes. Thanks for listening. Do send in your comments and suggestions. I look forward to being with you soon.

Mr washington China senator mark warner steve forbes us office of manufacturing and in federal strategy and coordinat washington virginia senate facebook beijing google Sam airbus boeing Bill
"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

03:12 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"When it comes to some regulations president biden should take a cold shower. Hello i'm steve forbes. And this is what's ahead. We get the information you need to better navigate. These turbulent times so many government regulations are insulting intrusive and unnecessary. Here's a recent example. The biden administration is reimposing obnoxious. Regulation concerning showerheads yes showerheads years ago government nannies decreed that the flow of water from a shower had should be week making it a crime for manufacturers so you devices to experience if you wish an invigorating stream of water hitting you in the shower in the waning days of the trump administration they substantially ease this wet rule but the biden crowd is restoring the old regulation the rationale or running out of water. That's nonsense of course. California for instance routinely flushes almost half of its annual rainfall into the pacific ocean only ten percent of its rainfall goes residential and commercial use most hotels and developed and indeed many developing countries have showerheads with realistic flows of water. This piece of bird braid. Buffoonery is not an isolated example of making life unnecessarily knowing an unpleasant regulations forced. Today's dishwashers to be more costly and less efficient than their forebears extensively to save energy perversely. They do the opposite as you end up using more electricity before to get the job done the same idiot. Rules at work with washing. Machines did or refrigerators. The size of the tank. Fear toilets restricted half the size. It should be no need to go here into the crappy results of that and talking about expensive destruction. Unenlightened government diktats. Take the case of light bulbs years ago no it. All regulators concluded that the age-old incandescent bulb is a menace to the planet because of its carbon dioxide emissions and so governments banned. The bulb created by thomas. Edison and decreed that henceforth. We must use compact fluorescent bulbs. Instead manufacturing thomas edison's creation became a crime. Trouble was these new. Things were expensive than what they're replacing took too long to warm up or highly hazardous to dispose of. It did not last as long as we were. Promised consumers aided them. If these dimple bureaucrats had just let free markets work their magic immense amounts of money would have been saved and we'd been spared a lot of life shortening aggravation what these lesser lights ignored was. The development of light emitting diodes are. Led's as happens in free markets. They're evolving from expensive specialized lights into mass market. Incredibly energy-efficient things we happily us today no coercion necessary. It's high time that these rude uncalled-for rules ba- flushed away forever. I'm steve forbes. Thanks for listening. Do send in your comments.

president biden biden administration steve forbes biden pacific ocean California thomas edison Edison thomas
"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

03:09 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"Here's why the. Us government is about to wage war against a new booming. Classic crypto currency called stable coins. Hello i'm steve forbes. And this is what's ahead. We get the insights you need to better navigate. These turbulent times on monday treasury secretary. Janet yellen convened a meeting of top us financial market and bank regulators to discuss what the government should do about a new category of Currency called stable coins. Bitcoin and similar cryptos get the headlines. It is stable coins that governments have central banks really fear and will fiercely fight. Unlike bitcoin and similar cryptos which fluctuate like wild rollercoasters. Stable coins are tethered to a real asset. Like the dollar or gold which means they can be easily used for everyday commercial transactions as well as for long term contracts. Nobody in the right mind would take out a mortgage denominated in bitcoin. We could end up owing ten times the price of your house. This new classic crypto has exploded from a total value of twenty eight billion dollars at the beginning of the year to one hundred. Ten billion dollars by may and they're used for commercial dealings is mushrooming. No wonder done right there. The equivalent of cash. One can see how they'll pose a mortal threat to current payment processing systems today which are complex cumbersome and costly thanks to blockchain's stable coins cut out the middleman for instance credit card transactions typically costs merchants. Two to three percent was stable coins. Those fees go out the window. Stable coin drove ashley. Ease crossborder trade and remittances. While eliminating the customary fees the ultimate savings for consumers and businesses could come to literally hundreds of billions if not trillions of dollars a year. This would free up enormous sums of capital to finance new businesses as what a substantially increasing product producing investments in existing businesses. The standard of living for all will increase meaningfully as a result. The extensible purpose of the yellen gathering sounded benign and proper and i quote bringing together. Regulators will enable us to assess the potential benefits of sable coins of mitigating risks. They could pose a user's markets or the financial system and to quote some common sense. Regulations are in order particularly in ensuring that a stable coin issuer actually has the assets to backup. It's coins just as investors need insurance that a money market fund really has the assets that says it has a. Don't be full to the real agenda here. Regulators are waking up to the fact that stable coins not only threaten existing payment systems. But even more fundamentally they also threaten the very monopoly. Governments haven't issuing currency governments. Want no challenge to that monopoly. The fireworks here are just beginning. I'm steve forbes. Thanks for listening to sending your comments and suggestions for being with you soon again..

Janet yellen steve forbes blockchain treasury government ashley Us us
"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

03:08 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"Forbes. And this is what's ahead. We get the insights. you need a better navigate. These turbulent times the oil industry is not held in high regard these days and many people including those in the biden administration want to replace it with alternative sources within a generation however this is unrealistic. Many people don't realize how widespread petroleum-based products have become in our everyday life. Items based on oil include computers aspirin vitamin capsules purses ballpoint pens soft contact lenses. Insecticides insect repellents. Footballs basketballs golf. Balls perfume lipstick. Toothpaste toothbrushes shampoo crayons. Refrigerators speakers guitar string pillows trash bags yoder bandages and six thousand of the products. Most plastics are derived from oil and gas. This lack of knowledge was graphically illustrated last december when the north face. That's what they call himself. The north face and outdoor recreational clothing company ostentatiously refused to fill an order for jackets from a small texas oil and gas company on the grounds that this company's existence didn't ally with the north faces values of getting rid of fossil fuels. The would be buyer you. Novak's down hole solutions. Wanted jackets with this logo on them to give us christmas gifts to its employees. Well it turns out that almost all of the north face clothing backpacks shoes climbing ropes and other offerings are made from petroleum based synthetic products the companies popular products wouldn't exist without the oil industry. Oops as for oil and gas being supplanted by wind solar energy and batteries the inconvenient truth is this is rather unrealistic. The availability of the minerals needed to manufacture modern. Windmills and solar panels and batteries don't exist for instance to replace. Fossil fuels would require forty fold increase in the mining of the mineral lithium sinking. The necessary numerous new mines would mean tearing up millions of acres of pristine land and destroying the biodiversity. They're seeing the expensive end. An environmental disaster refining the materials required for manufacturing wind turbines and solar panels consumer immense amounts of energy not to mention the energy needed for the manufacturing process. These themselves remember by definition. The manufacturing solar panels wind turbines and batteries requires using non-renewable materials. Steel is not renewable. Then there's the problem of waste. When turbine solar panels and batteries are good for about twenty years. Then they have to be disposed of the waste from worn out solar panels along by twenty fifty. We'll be double the total waste of plastics today. You don't have to love oil and natural gas to recognize how indispensable they are to how we live today. I'm steve forbes. Thanks for listening. Do send in your comments and suggestions. I look forward to being with you soon again..

biden administration Forbes Novak golf texas steve forbes
"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

03:09 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"Cubans this past. Weekend erupted and spontaneous demonstrations across the island against it's cruel and oppressive regime. What should the us do. Hello i'm steve forbes. And this is what's ahead. We get the insights you need to better navigate. These turbulent times cuba's utterly corrupt communist rulers. Were stunned in recent days by spontaneous mass protests castro's ruthless dictatorial heirs. Were caught off guard and have now unleash police and paramilitary forces to stamp out the unrest. The immediate trigger for the demonstrations was the regime's refusal to do anything effective about the polling wave of covert nineteen cases but the fundamental causes were endemic and deeper except for the communist party and military elites cubans live in abject poverty suffering chronic food and medical shortages and blackouts of electricity free political expression. Only a few willing to suffer torture and death. Cuba has plenty of healthcare personnel. But they in their precious medicines are forcibly sent to various countries. Their fees are paid directly to the cuban government at much of it pocketed by the elites. The regime has also rented out its own troops and secret police agents to various thuggish dictators. Venezuela's natori security apparatus is run directly by cuba making that country a virtual colony of havana such schemes especially those with various drug cartels or why. Fidel castro died with a fortune estimated to be in the hundreds of millions of dollars. So what can the. Us do to help. Cuba's beleaguered population undermine this odious regime. President biden mayday ringing declaration of support for the protesters but words are not enough. He should restore all the sanctions including tourism. That president barack obama moved in two thousand fifteen and president trump only partially reinstated no surprise the cash generated by tourists went straight to the government not to the workers by the way the pre-obama sanctions exempted food and medicines. Us diplomats should use every form to denounce cuba's. Abominable human rights behavior. We should sanction specific individual's guilty of these crimes and aggressively go. After the foreign bank accounts with the regime's ill gotten gains. We should employ innovative technology to overcome the jamming of radio and tv. Marti which can give the cubans the truth just as radio. Liberty and radio for europe did with the soviet union and its satellites during the cold war. Those cold war broadcasts were critical in sustaining dissident movements and undermining legitimacy of european communist rulers. The travel range of cuban diplomats at the un should be sharply curtailed thereby making their spying and other subversive activities a bit more difficult and we should make it. Clear the cuban refugees are welcome. I'm steve forbes. Thanks for listening. Do send in your comments and suggestions look forward to being with you soon again..

Cuba cuban government steve forbes President biden castro Fidel castro havana Venezuela barack obama us Marti soviet union europe un
"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

02:44 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"Forbes. And this is what's ahead. We get the insights you need to better navigate. These turbulent times auto sales are booming here in europe and elsewhere shortages abound. Thanks not only the greater demand but also to insufficient supplies of semiconductor chips buyers or even paying above sticker prices instead of the ones customary bargaining used cars prices been rubbing up there as well what gives the pandemic has given a lot of people in new appreciation for the mobility the auto provides instead of relying on uber taxes public transportation or catching lifts from friends another factor the mismanagement of many major american cities driving to the suburbs or otas are more of a necessity. A number of zuma's in even millennials. Who never bothered to get. A driver's license are now doing so. Of course the shortages will abate supply increases and the oh romance surrounding cars will not return thanks to fuel. Efficiency mandates automakers now feel constrained and how to design cars which is why most models look like jelly beans and are hard to tell apart but the casual indifference of recent times is gone the growing use of cars and trucks or also underscore something that a lot of manufacturers politicians and observers won't wanna hear most people are going to stick with vehicles using the internal combustion engine the basic reason it takes a few minutes to fill them up with gas or diesel fuel. It takes hours to recharge electric vehicle. That's why governments here and abroad resorting to big subsidies and outright mandates to get more people inside vs president biden wants to spend billions here for recharging stations in the like washington never had to subsidize the building of gas stations. Another obstacle to. Evt's is the current state of technology regarding the generation of electricity. He vs replacing legacy vehicles would require construction of numerous new electric plants. That would need fossil fuels. Alternatives to fossil fuels are incapable of meeting all such future needs without immense environmental damage from mining the necessary minerals for wind farms and solar panels. But while the current state of technology means use of fossil fuels will grow specially in countries like indian china. There surely quite a few individuals we've never heard of working and experimenting on creating or mobilizing other sources of energy such as molten salt nuclear power or thermal heat or something. the rest of us can't conceive of. I'm steve forbes. thanks for listening. Do send your comments and suggestions. I look forward to being with you soon again..

Forbes president biden zuma europe washington china steve forbes
"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

02:44 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"Hello i'm steve forbes. And this is what's ahead. We get the insights you need to better navigate. These turbulent times while the white house and congressional democrats are feverishly trying to enact massive economy killing tax increases. Numerous states going the opposite direction. They're cutting them. These local officials recognize that reducing the burden on their citizens means more prosperity and higher revenues. Come from better times. Arizona ohio wisconsin oklahoma nebraska iowa montana. Louisiana ido and hampshire of all past reductions in state income taxes and north carolina's about to do the same ohio engineered the biggest tax reduction in the book. Guy state's history. The two top tax brackets were eliminated. The i twenty. Five thousand dollars of an individual's income is now exempt from tax. There compare that to california where you hit the four percent bracket at that income level. The ohio also made sure people who work at home don't have to pay tax to cities where they no longer work particularly. Impressive was what. Arizona governor doug ducey got done against fierce democratic opposition and some republican reluctance after much wrangling with the state legislature. The governor achieved his goal of achieving a flat tax rate of two point five percent on incomes up to two hundred fifty thousand dollars and four point. Five percent above that new hampshire was always known for having no state income tax says no sales tax. But it did exact. A five percent levian dividends and interest income. That taxes now been eliminated. It's not just republican governors signing reductions wisconsin enacted the largest tax cut in its history. Even though it's democrat governor wanted to boost levies such was the popularity of giving tax payers real relief louisiana's governor also a democrat signed onto tax reductions the north carolina legislature and acted in almost twenty five percent cut in the states flat personal income tax rate and a phase out of its corporate tax. The governor a democrat is likely signed the law of course not all states are helping their tax payers. No surprise for example that chronically misgoverned new york raised taxes even though it is a washing cash from unexpectedly better revenues and billions more from washington. What tax loving politicians always ignore. Is that low tax states not to mention countries over time. perform better than those with onerous exactions. I'm steve forbes. Thanks for listening. Do send in your comments and suggestions look forward to being with you soon again..

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"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

02:50 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"Hello. I'm steve forbes. And this is what's ahead we get the insights you need to better navigate. These turbulent times attacks by regulators china britain and elsewhere have not bitcoin down almost fifty percent from its all time high following its spectacular rise. Now comes news. That el salvador has made bitcoin legal tender there. The first nation to do so salvadorians can pay taxes by products and services with this crypto. Currency is el salvador's. Move a harbinger better times ahead for bitcoin. And others in this category no the tax by regulates around the world and cryptocurrencies. I'm not about to stop government. Central banks and most financial service companies. Don't want serious challenges to the monopoly. Countries enjoy for creating their own currencies. El salvador here is an outlier. Twenty years ago mothballed its currency the cologne and made the us dollar. It's official currency every transaction. There's done with dollars. The move worked. Country has the lowest inflation rate in latin america and has experienced above average growth rates. There however the whale salvador's introducing bitcoin is going to backfire. Will hurt the reputation of cryptocurrencies and give ammunition to those. Want to stifle their use. I and this weird the government mandated that every provider of products and services in el salvador must accept. Bitcoin is payment. When offered no choice. It's a crime not to now. Normally governments only riccar particular currency to pay taxes and debts. People are free to use any currency they want for other transactions only tell a -tarian countries like the old soviet union require seller to accept a designated currency. Second is a problem of course remittances from salvadorans in the us to their families. Equal over twenty percent of salvador's gdp the cost of sending these dollars. Home is relatively low but do it in. Bitcoin and costs skyrocket compounding. The problem is that there only two. Atm's in the country that can handle bitcoin. Moreover seventy percent of salvadorans have no bank accounts. That's why people there want to simply stick with the dollar and not have to hassle with handling bitcoin. The third big problem is bitcoins. Notorious volatility the best money is stable. Money no one in the right mind would do a long term contract denominated in bitcoin. The time will come when properly. Structured cryptos will challenge the supremacy of government made money but today's bitcoin won't be one of them. I'm steve forbes. Thanks for listening to send in your comments and suggestions. I look forward to being with you soon again..

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"forbes" Discussed on Steve Forbes: What's Ahead

Steve Forbes: What's Ahead

02:53 min | 1 year ago

"forbes" Discussed on Steve Forbes: What's Ahead

"Hello i'm steve forbes. And this is what's ahead. We you get the insights you need to better navigate. These turbulent times the federal trade commission was created over century ago ostensibly to protect consumers from fraud and corporate monopolies on. Fortunately this government body now is doing more harm than good and should be terminated one deadly example of how the ftc is hurting the public instead of protecting is unprecedented. An underhanded actions to block a biotech deal that could hasten the ability of a new form of cancer testing that can detect numerous forms of this dread disease before their symptoms the acquiring company called in china wants to acquire a company called grail outfit that has developed a type of tests that can detect fifty different kinds of cancer with a high degree of accuracy. The test itself involves only drawing blood. It's a perfect fit in that. Aluminum makes equipment to process that tests and can assist grail with getting fda approval not to mention dealing with other potential obstacles at the ftc. Is gone all out to obstruct the merger even going so far as colluding with antitrust officials in europe to delay or kill the deal how in the world can you claim a monopoly for market. That doesn't yet exist. Turns out other companies are working on tests that might compete with grill and want to use the ftc to help out by hobbling grill by delaying the introduction of life-saving testing the early detection of cancer. The better the odds of besting at the ftc's engaging lethal and immoral behavior while the aluminum grille is particularly agree. Gis the agency has been behaving erratically. And in a high handed manner for years for instance the supreme court recently ruled nine to zero that. The ftc was acting illegally when not only obtaining junction against companies agency thought were engaging and fraud. That's fine but also imposed stiff fines that over time ran into the billions of dollars. A high court said. The ftc can impose funds without growing through proper legal procedures. Ftc went after a high tech titan. While com rebuffed not only in federal court was also posed by the justice department. The agency is notorious for acting prosecutor. Judge and jury and actions that brings and heavily pressuring companies and individuals to get the results. The agency wants the. Ftc's activities especially antitrust can be turned over the justice department. In the meantime the white house and congress should pressure the ftc to cease truly pernicious acts against alumina. I'm steve forbes. Thanks for listening. Do send in your comments and suggestions. I look forward to being with you. So it again..

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