Croatia recently decided to forgive the debt of its poorest citizens. The point of the debt-forgiveness program is to kick start the economy and get consumers spending again now that their bank accounts have been unfrozen. “Fresh Start” isn’t without its critics, though – some argue that the measure is a response to the country’s parliamentary elections later this year. Erin weighs in. Then, Erin is joined by Reggie Middleton – CEO of Veritaseum. Reggie tells us how the earnings season been for US banks and what it says about their longer term earnings. He believes earnings for banks are going to permanently lower as multiple revenue streams will be negatively impacted for the foreseeable future. In the meantime, he sees cryptocurrencies acting as a financial services disintermediator despite recent scandals involving Bitcoin. And bitcoin is not just about payments in Reggie’s view, there are all manner of transactions that can be accomplished securely at zero or no cost. After the break, Erin sits down with Frances Coppola – associate editor at Pieria and author of the blog “Coppola Comment.” Frances tells us if negative interest rates in Europe are working and gives us her take on the ECB’s recent move to stop accepting Greek collateral for loans. She is negative on both outcomes with negative interest rates not adding to credit growth and the ECB’s moves having no positive impact on helping prevent a catastrophic outcome over Greece. Frances also opines on Denmark’s plight in defending its euro currency peg with negative interest rates and currency intervention. And in The Big Deal, Erin and Edward Harrison discuss debt. Global debt has skyrocketed since the financial crisis began despite all of the talk of develeraging. What has happened, a recent McKinsey study shows, is that debt has simply been transferred from private agents in advanced economies to the public sector. Asia has added considerable amounts more debt on top of this. We think this ends as a bust. Take a look! Check us out on Facebook: http://www.facebook.com/BoomBustRT ... https://www.youtube.com/watch?v=l_-R1X-0A9Y

As Tesla's growing operations expand in China, CEO Elon Musk has claimed that he would halt production immediately if it was revealed that his products were being used for spying. We bring you a Boom Bust star panel on the eccentric owner's comments and whether his resolve outweighs profits. (1:06) Plus, an ongoing concern for the Biden administration in its early days is the Nord Stream 2 Pipeline from Russia to Germany, with defenders and critics of the project making their points known. We dig into the European reaction to US criticism of the pipeline and what moves, if any, the nation could take to halt development. (12:16) And later, the Federal Reserve has claimed that the United States is nearing a full economic recovery more than one year since pandemic lockdowns brought the nation to a halt. Octavio Marenzi of Opimus LLC offers his insight into the statement and where the world's largest economy stands on its path to normalcy. (18:12) #BoomBust #QuestionMore #RTAmerica Get exclusive content and watch full episodes now by downloading the Portable.TV app: https://bit.ly/DownloadPortable Check out our other shows! NO show does it like this. It’s TIME TO DO NEWS AGAIN with Rick Sanchez News with Rick Sanchez: https://bit.ly/NRSSHOW It’s her take on all things political and she presents ALL the angles: News.Views.Hughes with Scottie Nell Hughes, NVH: https://bit.ly/NVHSHOW What’s your NEWS IQ? Give us 30 minutes, and we’ll take you across the globe! In Question with Manila Chan, IQ: https://bit.ly/IQ_SHOW Steve Malzberg sinks his teeth into the slander, hypocrisy, bias and lies of MSM. MMM…Delicious! Eat The Press: http://bit.ly/EatThePress Candid conversations with the most outspoken guy in Hollywood! Dennis Miller + One! Dennis Miller Plus One: http://bit.ly/DennisMillerPlusOne Let our TV time-machine bring you the week’s highlights and a closer look at the BIGGEST stories, Just Press Play: http://bit.ly/JustPressPlayShow Yep, it’s Gov. Jesse Ventura and you’re living in his WORLD! Come along for the ride. The World According To Jesse: http://bit.ly/WATJSHOW They’re watching you. Are you watching them? Are you WATCHING THE HAWKS? Watching The Hawks: http://bit.ly/WTHSHOW Do you keep missing the forest for the trees? Let Holland Cooke show you the Big Picture, The Big Picture: http://bit.ly/TheBigPictureShow Follow us on Twitter: https://twitter.com/RT_BoomBust Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT Follow Christy Ai on Instagram: https://www.instagram.com/christai_ai/ Check out more from RT America! Eat The Press: https://www.youtube.com/playlist?list=PLagVUKF7CUTQsuWo5sCat5spbo2Cqfskm Dennis Miller Plus One: https://www.youtube.com/playlist?li ... https://www.youtube.com/watch?v=QW5ubUwkOhc