anything like the canceled test to the left, the red carpet is rolling in because this trip for the human rights film festival and hit 0 edition. and over the course of 5 days more than 40. ringback movies, arson, casual, cream from over to 70 countries worldwide. participating in the festival. today, our slogan is shavone. i look at us of the 15 years of israeli blockade in bull's indie gov. a strip with all the raw, it's 3 majors imposed on the gaza strip. we are killing the world that stop isolating the gaza strip. it stopped the siege and also we sent messages several messages saying that we are people eager for freedom eager for independence. we have many palestinians who are well, dylan did. who can be

a filmmaker? it's gotta be german is going to be doctors. and i like either festival. the attendees here are all ages. you've been a pretty the welcome to the people of godsa did very in cinematic escape. and the thesis trip where no potions cinemas exists valuable. ah. type of picture of a headline 00 inflation threatens to become a runaway train. that's the warning from the head of the international monetary fund. as the global economy is hit by one shock after another. crystelina, georgia says the risk of global recession is 25 percent. we cannot, we cannot possibly allow inflation to become an a runaway train bed for growth and bed for people bed bed, especially for poor poor, poor, poor people. and the i m. f has chastised the u. k. government offer its financial

plans, triggered chaos on the markets, and many budget revealed last months sent the valley of the british pound to all time lows. there was some turbulence, i frankly stated about, okay, the after the book where i'm sitting here talking about the global challenges, everybody is focused on inflation. everybody is affected by a potential interest rate rises. everybody's affected by the energy price spikes, which have been exacerbated by putin's illegal war in ukraine. so everybody across the global financial community is really focusing on the same problems. north korea has fought at least one short range missile into its eastern waters and flown warplanes near the border with south korea. south korea's military as warn pyongyang that it will maintain overwhelming capability to counter provocations. more than 500 people have died in nigeria is worse floods in a decade. unusually heavy rain lead to the destruction of tens of thousands of

homes. russian president vladimir putin has proposed setting up a regional gas hub in turkey. yet, he was at a summit in kazakhstan to discuss, showing up global energy supplies. putin met his, took his counterpart ridge of typo to one and disgust corporation on energy and grey exports and iraq. parliament has finally elected a new president, the appointment of 78 year old kurdish politician, abdullatif rashid, and months of political deadlock and heightened instability. what those are, the headlines? news continues here on out as they are after people. i'm past that you and thanks for watching the weekly look at the world's top business stories from global markets to economies and small businesses. to understand how it affects our daily lives, on the exam and counting the cost on of jazzy i

went bitcoin and other crypto currencies 1st period. well, over a decade ago, few people could have mentioned how widespread they've become. now these various forms of digital money are in common use, if not yet universally understood, but where exactly do they come from? who uses them? and what for better or worse might be the long term consequences. we sent reporter rory challenge in search of ounces. ah ah, in any well de crypto currencies money's got strange. the 13 years and spent coins

creation of being a roller coaster ride own from the financial crashes, money liberation from central banks. bitcoin is a person to person electronic cash system. think of them like token the buy. thanks very much. now of course, this is just a problem. chris. currencies are purely digital and we access them in a digital wallet. we can send them anywhere in the world in a flash. if a business accepts it, you can buy goods and services. you can think it's built on the block chain, a decentralized database of transactions that's transparent and secure, but bitcoin can get pretty wild crypto currencies have no controller except the markets. people have made fortunes and lost them, their value can go. 6 way, way, way up. oh, come crushing. oh no. but where does it come from? what does it cost upon it?

is it the future of money or the useful has money? it's all. my name is rory challenge, and i want to find out who's my 1st destination, pennsylvania, the u. s. states that is fully embraced crit bitco and he's going to take over the world. it'll have to conquer america, and it's making good progress. recent survey suggest about a face for the american adults that already bought into crypto. so now that i'm here, i better get some right. this is shane bites inside is a man who's trying to make buying big cohen as easy as possible eyes. hey, rory lets me to, i don't mean to like very much. so the machines. yes they are. you want to use one idea because i don't have, i don't have any back going. so what do i do? this is a brave you over me. first click on the screen get it started. yeah. you're going

to buy the coin. you select how much you want to buy. so here we go. 10 bucks. lots of the big spenders just in the so that's that and said, and then you can look on your wall and you can see you've got to pick one who says it's pending. yep. that's it. i mean you got it. every grill has been buying and selling bitcoin since the early days. now he runs a company that makes crypto currency atm sick. when solves one of the problems that we've faced for years and years and years, which is the government controls money and you have a central authority controlling money. and so what that means is that people, you know, they just print it, the value it, and you can't count on anything. i don't know how many dollars are going to print next year, but i know exactly how many big ones are going to be issued. so can we call that currency? sure, we could, i can't say it's the best currency the just on the planet. but currency needs to be spindle, and i'm going to put this to the test. 50 is supposedly one of the most crypto friendly places in the state of mass talking about the city having its own digital

coin. basketball team is sponsored by crypto dot com. so using my new bitcoin here should be easy. a check out coin map, a website that says it shows every business in the world that take fit coin for the, for the area, for the list of only around 20, pick up the phone and start calling them. 1 6 1 1 ringback oh, good afternoon, ms. coin this payment. yeah. you doing? all right, thank you very much. bye. as we move through the list as similar story. no. okay, well, do you guys accept bitcoin as payment there? now we do not know, did you ever we used 2 years ago and then what happens, why did you stop? the technology was too hard to maintain regularly and has the staff isn't sure what bitcoin really is. just not feeling like using it is like between

evangelists, may say it's the feature of money, but the vast majority of business is listed as accepting it. don't. until do you guys accept bitcoin as payments? you do? they invited us down for lunch. this is the some pay food truck, the home, so they say some of the best barbecue sandwiches in town. what can i get? so we have brick, pork and chicken. jessica and her partner began accepting bitcoin in 2015. and so unlike others, they will continue to do so. can i pay with yes, you can. or this next amazing. thank you very, very much. a lot of the people that were accepting the coin in the city and they stopped, you know, they saw how to cycle and how it kept fluctuating. and i think it really scared a lot of people away. but we kept at it. yeah. why? i don't know,

it's just something we believe in. we just believe that crypto is the future. do you worry a total about the security of it or the whether it's a scam and anyway, i worry more about the dollar than i do bitcoin. i do believe it's going to be the currency of the world, but if it is bit going, has a long way to go. few american seem to be spending it for most is just another investment. but why does bitcoin come from anyway? i'm heading into the pennsylvania countryside to find out when i get their future finance is a little money than unimagined. i just i make a note or what is that noise? what you're hearing are the klein miners the, the big one is in the baseline liners. you can see all the little fans in there. there's a little computer on each one of those fans. jeff campbell is the lead engineer at

stronghold digital mining. it has 12000 specialized computer processes. we're looking for $200.00. this is a long number and everybody in the world is working on the same equation. they're all trying to find the same number. and if you get it, if you get it, you get 6.25 bit point right now. and how often do you get it every time that somebody on in the world finds that number is high tech lottery serves to function . mine is race to verify the newest transactions made everywhere on the bitcoin network. the winner is rewarded in bitcoin. it's an entirely digital process, and it used to be done by amazon enthusiasts on home computers. these days, it's big business, and the u. s. does more of it than anywhere else. worldwide, we're going through more combinations of numbers and there are grains of sand on the earth. so you can say it's profitable if you can find that grain of those profits are putting in bigger and bigger, operates as a 21st century gold rush. but here's the catch. bitcoin was designed on

a system called proof of work. the more processes get thrown at it, the heart of the algorithms become, the harder the algorithms become more computers and needed. it's an energy guzzling arms race. and this is how strong holes operation gets his power, their own dedicated power station. it burns fossil fuels, coal waste, with all the greenhouse gas emissions that entails strong old c, e. o. greg beer takes me into the hissing, roaring heart of the beast. as interval comes me, the only kind of brute industrial power is just going to make something that we can't even touch it or if the digital currency that kind of floats around in the, in the crypto spare it is after the old world industrial mates near will finance.

but what's the environmental cost of all this cambridge university says bitcoin pumps out as much c o $2.00 per year as a country like check republic and consume as much energy as the whole of highlands . then greg tells me something astounding when we started the project. 4 or 5 years ago, the mining economics for bitcoin were really enough to support the plant. thankfully the state of pennsylvania in a, in a bipartisan way, modified the rules a bit to allow us to earn more of a, what's called the renewable energy credit. and that isn't that plus higher power prices was a port is running today. so pennsylvania not only called coal waste, an alternative energy source, it actually subsidizes stronghold to burn this stuff to make bitcoin. how can this be? oh, because of this in the toxic legacy of nearly

a century of coal mining coal fat, the furnace is a pennsylvania is once mighty steel industry. and this waste, sprawling across the state in fast flank keeps, is the low quality material left over from the mining acid and poisonous heavy metals. leach out at them, bill spends his strong whole digital mining chairman. i feel as if america had in the world had a party here. and then we woke up the next morning with the residual garbage leftover and they're having to clean up after the party like the state of pennsylvania. he wants these heaps gone. he says he's using the states alternative energy incentives and the profits from big coin mining to make that happen. the coal is the dirtiest source of power there is. and coal waste is especially inefficient. so i asked bill the obvious question. do you think

that the c o 2 emissions ah, a justifiable byproduct of clearing this landscape? i absolutely do. what i'm asking you is just stop a minute. look at this. i understand where people say it's not perfect, but how many things in life are perfect. i, i mean, rory, i mean don't let perfect be the enemy. very good. so do you consider yourself an environmentalist? i absolutely consider myself and environmental. this bill and his colleagues firmly convinced that doing what is best for this area. i have a feeling people campaigning against climate change are going to disagree. who i'm on my way to meet one has another coal waste power station. right, makes my spect chimney. there are plenty of bitcoin miners who say their operations

a green, but most tend to seek out the cheapest energy, whatever it source. this is russell's ebay, who works for the clean air council. the interesting thing about big coin is you could do it in the cleanest way possible, or you can do it in the dirty way possible. and as long as there are government subsidies to do it, and the dirtiest way possible people will keep burning coal waste generate the coin was supposed to be moving towards the next 0 future, reducing carbon emissions to nothing by 2050. how does that fit with bitco? it's huge energy consumption. it does not the introduction of crypto currency and its energy consumption is such a massive step backward for environmental efforts efforts to confront climate

change. russell says several states in the us or considering banning bitcoin mining, but not pennsylvania globally, as a growing list of countries that have already outlawed it. china being the most significant one of the other things i've heard about big coin. it's a haven for criminals. crypto links crime says to record levels in 2021, up 79 percent from the year before. i want to know what's behind this guy this craig is a former f b i. agent who now works for a company investigating crypto crime. criminals are using crypto, the very same reason why the vast majority of crypto users use it for that speed, liquidity, and cross border nature. what are the kind of crimes that we see around crypto? they're doing everything in this virtual asset world that they were doing in the regular world, particularly scans and frauds, make up the largest category of elicit use of crypto. but you don't think this

actually is a problem with crypto itself. you know, there's nothing inherently evil or bad about crypto itself is just simply another method for value transfer. criminals stole $14000000000.00 in crypto currencies last year. or we see any kind of state involvement in this we have seen, elicit use of hacking by north koreans. for example. in fact, they're responsible for hacking over a $1000000000.00 in exchange hacks in the past. but galvis also says the transparent nature of crypto is block chain ledger actually gives investigators a treasure trove of data to work with. so for example, if there was an eliza transaction, where a little lady was scammed out of her money and they, and she said, and i paid them in bitcoin. well they, they can look at that transaction and see where that woman's bitcoin went to. and from there they can then engage legal process to either freeze that account or seek recovery from that victim. and that's why that's so important. ah,

my next stop is london, one of the wells financial hubs. i want to see what government and central banks think of this brave new world. easier said than done. we are central banks both in the united states and here in england to talk to us advice and said no. why? while many central banks are undecided what to do about technology designed to break the control of money, i've come to meet harriet baldwin, a british conservative m p, a former investment banker, and a member of the treasury select committee which examines government's economic policy. do you think the central bank should be scared to correct that kind of things? i think they're all looking at it. i think it's gonna be important to coordinate the approach amongst the developed world. central banks. i think, you know, there is also the risk that b, currencies could end up being the, you know, the bulbs of the 21st century 15 i was, you mean it could be a bubble. people could be buying something for way above the value that someone

else from pay in the future to take it off that hands and they could lose a lot of money in the process. and that was something that they discover is actually just lines of code and doesn't have intrinsic value because no one else will accept payments. does crypt, currency development poses threats to financial stability? it could be potentially, if it becomes a much more significant size in the well financial markets. at the moment all the evidence we've had on the treasury select committee is that it's still a very small proportion of the world's asset base. and so therefore, we've been told that it doesn't pose a threat to financial stability at this level box. what happens when a nation state does jump with both feet into this weird new world and how are they terminated? i

have come to a country that boldly gone when no other his dad and turned it self into a unique fiscal petri dish ha, is assigned to pick on bass. now this, this is where the experiment started. ro, salvador free is back. a clique of crypto converts began transforming the surf town of els on tape. they persuaded people to join a local circular economy based on bitcoin. but all of el salvador is bitcoin beach. now last summer, the country's president and i had to kaylee, rush through a law that elevated bitcoin to legal tender alongside the u. s. dollar. know how the government has taken such a gamble with national finances and i'm interested to hear what the founders of big coin beach think of it all. roman martinez is one of them was beautiful. that dream that started super small now is more bigger than our sub or and mainly people

around the world dreaming with our country. and i actually patricia and his missionary 7 to portion of sub there into for world blankets. and that means they've got your bank account right now. bank account, any kind of financial service a now as soon speed can arrive in our community will start to seen people say, be morning people transacting digital people, receiving and making digital payments. people buying an asset for the 1st time, people sending money from all saba to the usa, from the usa to wells hobbler because beat gung is the bread monetary network. the humanity ever hot, you know, these are the big claims and i want to find out if the coin really has transformed

this country. bitcoin beach seems the obvious place to start. but at the place i stop for lunch. crypto isn't welcome. if you're going to pay me, pay me with money because i want to go to the grocery store. i want to go pay my debts. i want to make sure that it's being done. do you even consider it to be money? no. what is it? it's a fools, aaron. i asked several other places to some except it, but plenty don't. ah, the large majority of people in this developing country live on subsistence incomes . how are they responding to such a huge experiment? ok, quite a is an assistant professor of latin american studies at dartmouth university in the u. s. is also a salvador. him and jorge took his round, the vibrant working class street markets of the capital san salvador. i mean so far, because it has done very little to change the dynamics of the marketplaces here in

san salvador. you might see a couple of signs that say we accept big coin. but when you actually go up to the souls and ask people have to take some of the point they're like, you know, i'd appreciate if you dollars health. i was government sponsored, a national digital wallet called cheever. but early tech glitches put people off many checked in to cash out a $30.00 welcoming sweetener. and haven't touched it since we spot still. we're the chiva sticker. i sent that to you. but you told me that the sticker is there only to abide by the law that they have to take it if someone shows up. so what do you think the actual uptake be going to be in, in these kinds of environments and in the daily transactions that people you see kind of a presence at all in march el salvador chamber of commerce said 86 percent of businesses hadn't made any bitcoin sales,

a really actually benefits for bakery. so as big quinn is laid out now most of that the wealth generation and the wealth distribution goes to about 0.01 percent of all big coin owners. they're the ones who have about 27 percent of all big coin worldwide. so 0.01 percent of the tiny, tiny percent. only 27 percent. exactly. and that that those are the big coin wales . those are many of the people who are behind big queen, booster ism and, and the ones who are creating all these different kinds of enterprises and businesses and ventures in places like el salvador. and presumably it's in the interests of coin owners to keep the height going. right. i think that's exactly right in salvador, bringing people into bitcoin. it's part of this process of trying to inflate the value and trying to hit those kind of milestones that many of these lead bitcoin

holders are hoping for. to me that sounds different from there and it's a, it's exactly a pyramid scheme. multi level marketing, where you need more people to enter into that space and figure out how to keep the value up and keep the party going. when bitcoin, critics say the whole things a pyramid scheme they point to the events laid on by crypto currency firms, events like this is called heels for bitcoin. and it's hosted by a company called packs full now is a good time to buy in the salvador in women. it's hold on it and other packs for the event 3 days later. and the star guest, his el salvador was youngest. ever congresswoman 27 year old donnie gonzalez helped passed a bit coin law here to make big coin legal tender countries also want to be lego salary talking about a specific le hello has many critics that doesn't it, sir? the i m f as recommended that alex i will go drop it because it's just too risky. so why is it still operating our democratic country? and i mean, we have our president,

our government are on congress and any position made or comments made for other institutions around the world. i mean, there they are. are people who recommend things, but it doesn't mean though we're going to do those things. this is al salvador was tech enthusiast, president naya be kayley, how much his bitcoin experiments has cost hasn't been disclosed. and this secrecy concerns many, the bill could be $400000000.00 a, some economists and every dip below el salvador is bitcoin purchase. price hits the country's coffers, dinner of how much money has been the host. lucy, and actually this is how get them works. we're waiting in the future for a have more games are about be going. so it's just a matter of time. his comes to the very heart of the bitcoin question. many millions of people around the world have bought into bickley, hoping to ride

a wave of riches father using it as a speculative investment at a risky and environmentally damaging. one of that most people have never use, it has money, and it's difficult to see why they ever should. what is soaring in value? why would you want to spend it when it's promising in value? who would want to receive it? the thing that makes bitcoin so attractive to investors, the crazy lurch is invalid is the same thing that's holding it back from becoming mainstream currency. it's basically too exciting to be money. bitcoin needs to be boring. are the moments. it's anything box ah ah, around 10 women are being murdered in mexico every day. almost always by men. an

epidemic of gender based violence that threatens the spiral out of control. now specialists police squads run by women. a trying to reverse the trend and bring the perpetrators to justice. but can they overcome years of macho culture and indifference? behind the scenes with the fem aside detected on a jesse eva ah al jazeera with oh, once cc'd well is now posted to m villages' inner okay algebra one follows the personal japanese of 3 women. teachers that daily struggles with isolation and battles with physical. how chip sacrificing that family likes

to the education of future generations. women in the weight on al jazeera, we know what's happening in our region. we know how to get to play. that others. as i said, i'm going on the way that you tell the story is what can make a difference ah ah in.