There is no doubt that that United State has underinvested in infrastructure and to say that the lack of investment is beginning to show would be an understatement. Every major city in America has structural deficiency when it comes to infrastructure, with one out of every nine bridges in the US considered to be structurally deficient. That means that they need to be repaired in a serious way. Erin weighs in. Then, Erin sits down with Victor Matheson – professor of economics at College of the Holy Cross and expert in sports economics. Victor tells us how team franchises benefit from striking deals to build new stadiums and explains how the stadium funding process compares in Europe and abroad. He also talks about the use of eminent domain in the context of building sports arena, a murky area becoming more prevalent in the US. After the break, Erin is joined by Paul Craig Roberts – chairman of The Institute for Political Economy and former Reagan Administration aide. Paul tells us how the US and EU will deal with Ukraine’s debt situation and gives us his take on if Ukraine will default. Overall, his view is very strongly suspicious of European, American and IMF intentions in Ukraine. He believes that Ukraine is turning into a failed state economically and that the IMF will force the country to sell off valuable assets to foreigners in order to pay its debts. As a result, he compares what is happening in Ukraine to what is happening in Greece And in The Big Deal, Erin and Edward Harrison continue the discussion on US infrastructure, specifically regarding transportation and travel. Take a look! Check us out on Facebook -- and feel free to ask us questions: http://www.facebook.com/BoomBustRT ... https://www.youtube.com/watch?v=K8dzfNUB17Q

Two days after President Obama announced to the nation that we would essentially be going to war with ISIS in Iraq and Syria -- a $7.2 billion Army intelligence contract was signed with 12 of the biggest private military contractors on the planet. We also learned on Thursday that US Attorney General Eric Holder is stepping down from his current post and speculation as to who his replacement will be is flying! Erin weighs in. Then, Erin sits down with Raoul Pal, founder of The Global Macro Investor newsletter and Real Vision Television, to talk about the problems with finance news and the democratization of information. Pal is an advocate of disruptive technology in financial services and also has a thing or two to say about the global macro investment climate. After the break, Boom Bust includes all of our Defining Moments of the week, including snippets of our interviews with Warren Mosler, Steve Keen, Steve Hochberg, Jim Rickards, Frances Coppola, and our wonderful gold show panel. And in The Big Deal, Erin and Edward Harrison take a look at all the economic woes Argentina faces – and what the options are. Take a look! Check us out on Facebook: http://www.facebook.com/BoomBustRT ... https://www.youtube.com/watch?v=xpm-G4Gkl_s