were approved in the e.u. the german dax and french no surprise also ride 4th quarter results for 2020 for the french government showed a g.d.p. fell 1.4 percent european shorted stocks they're seeing a similar trend to game stop german drug company attack and movie theater chain as well across the atlantic over to brazil where that hugo best buy is also in the red well brazil's central bank showed debt in december was 89.3 percent of g.d.p. that's huge in mexico the b.m.v. another red arrow it hitting 52 week lows on friday mexico hit the 3rd most kovan 1000 deaths worldwide here in the united states all 3 major indices all in the red the dow the s. and p. and the nasdaq they're really feeling that pain from that retail volatility they're hitting really coming off record highs to their biggest drop since october and the ts arks also read dropping on vaccine delays over vaccine deliveries g.d.p.

data also showed the largest contraction ever for the country in 2020 now coming up we're going to keep an eye on global govan 1000 cases vaccines and the state of the wall street's buds for the next week and that is your global market walk. and the game stop saga is not over yet in fact there are some pretty big questions about the actions retail trading from robin hood took on thursday to restrict trading of stocks such as game stop am seen nokia black berry and others will friday games all shot up more than 70 percent in early trading it clawed back most of its steep losses from the day before this was after robin hood said it will allow customers to start buying some of the stock again but what next what happens

next well joining me now to discuss the. swan and christy i welcome back christy game stop was back up on friday why did robin hood reversed its course. well it seems like robin hood is bowing down to the outcry of its users after it was accused of blocking purchases in order to protect damaged hedge funds so robin-hood c.e.o. told c m b.c. that the decision was taken on the basis of group level funding linked to deposit requirements a clearing house and regulation set up by the i.c.c. and he claimed that the decision to restrict these names were to protect the firm and to protect robin hood customers however irrespective of the reasons for the shut down retail traders are still not pleased with this very differential treatment individual traders are being stripped of their ability to trade and best meanwhile hedge funds and institutional can continue to trade and that's the big issue here they can buy the same thing as normal without any destruction leading to huge losses real and on paper an opportunity losses for retailers on thursday so

there has been a class action lawsuit filed and while today as you mentioned there has been a lot of fanfare friday looking like robin hood cain't into massive peer pressure there is a catch because users have now started to upload screenshots now while robin hood r. is allowing purchases of g.m. e. and other stocks it's just limited to 2 shares so you are allowed to buy 2 shares of jamey and other sides extractions include a and c. which is restricted to 25 shares nokia 50 shares costs 10 shares blackberry 25 shares except so it looks like robin hood is operating in a loop here you can my sense that's what the controversy was about yesterday that we tell us i just can't buy a lot now right you can't buy a lot so there's still is a lot of restructuring going on here but you were pretty angry about robin hood's move to prevent the purchase of these game stocks on thursday what are your thoughts on them allowing to purchase like we're seeing these limited stocks to and

i i think even that is is. it's nothing is garbage this whole thing is garbage with the fact is. the entire day as we talked about on thursday the entire day of thursday retail traders were locked out what was happening while that was going on well we saw game stops stock decline why is that because wall street hedge fund managers who had bet against it were trying to sell a lot of their positions so they spent the whole day being given cover by sites like robin hood so they could sell out of those positions and now they don't really care as much of other people come back in and buy it because they just wanted to get out the whole point of what robin hood did was to lock out investors so that the price would go down so that those head fund managers could get out and they could stop the bleeding and i'm going to say i truly believe someone needs to go to jail over this and this is not enough to say oh if we find out the robinhood acted inappropriately or colluded with wall street there should be fines none of them no

they should not be fines people should be in orange jumpsuits and in handcuffs because you are robbing essentially you are in the retail investors on your side of their own wealth that's what you did to them yesterday you rob them of their wealth you allow that stock to the client you refuse to allow them to buy more and you force them if they were to have any action to sell and that i believe is criminal well much like we've said i mean this is not something new it's just something that's now out in the open and expose christie the rabbit crowd it's very interested in the game stop and i am see are groups like wall street that's right or we can going to continue seeing things like this happen in the future. yeah i absolutely do and i think it's only just going to gain traction as we bring more light and more attention to this because at the start of 2021 that entire sub reddit wall street bets they only have 1800000 subscribers which is a good chunk of suggs but as of friday it has now grown to over 5600000 subscribers

most of them active following am participating and that's compared to the other 2600000 sub reddit this has been the number one fastest growing sub for the last 7 days and the number 2 fastest growing over the last 90 days so yes they are absolutely going to be a force in the trailers are actually coming out and they are voicing their opinion a robin hood is going to have to quickly adapt to their needs and right now it seems like robin hood is under a lot of pressure it's tremendous success in the retail market has now put it in the spotlight and we're seeing it starting to crack under the pressure of its sudden popularity because it is drawing down a lot of credit to the tune of at least several $100000000.00 according to bloomberg and robin had also sought out additional funds from london which included j.p. morgan goldman sachs which suggested that this week's trading frenzy has put a strain on the company and even outside of equities too it's having trouble keeping up with the cryptocurrency trading demands on friday robin hood is now also restricting trading announcing that it's temporary turn off instead of buying power

for crypto so customers can still use settled sponsored by crypto but accounts have become restricted after dosha points i get as much as 800 percent on friday so some points and bequests are also being restricted i like ben mentioned this is tremendous because it's opportunity lost for retail investors. robin hood did impose more restrictions on these securities this friday than how is robin hood going to shake out after all of this. ok so a couple predictions for you number one i absolutely believe robin hood is done i mean as far as retail investors why would why would anyone even go there why would you use this platform ever again it's already proven itself to be a complete set up for wall street but there's also been a couple of articles that have come out in the last couple of days which are pretty fascinating and what they're saying is that robin hood was never set up in a way to make money off of those retail investors that wall street firms in those wall street firms are then acting based upon the data of what's happening on the

retail side if that is the case it also explains why on thursday evening robert who was able to get a 1000000000 dollar investment from some of its existing investors to help prop it up the truth is i think the they always been torn this is a problem what is the exact opposite it's not the company that takes from the rich and gives the poor it's the company that's robbing the poor and protecting the rich just like everything we know about wall street long it's all i think robert has done and it's interesting because yes a lot makers are still pushing for some sort of investigation look into this even senator elizabeth warren saying that she wants the f.c.c. to step up whatever that means regulate whatever they have to do i don't think that muscly happen but they want really to see what's going into this and much like you said it could be the end of robin hood you must co-host is not all right bob knight is also an active broker as he trades every other intel platform as well will definitely be following the story it's not going anywhere just yet the west coast ben so on kristie i thank you both for sticking out around but we're going to have

you later on the show so stay here. as changes in the market continue to evolve future traders are analyzing whether water is the next big investment all this comes as some researchers believe the value of h 2 o. will continue to rise in recent years supplies are slowly drying up as demand remains the same are to correspondent takes a look at some newly published finding what do you have for us. yeah well sarah we all know water is one of those non-negotiable xp but now some might be surprised to find futures traders have added water to their list just like gold oil and wheat but water is its own entity since we of course cannot survive without it the issue water is harder to come by and the effects are staggering an 8 year drought in california had a massive impact on crops and according to the united nations the problem isn't only out west research shows by 2025

a whopping 2 thirds of the global population will face some type of water shortage the u.n. predicts 1800000000 people will live in absolute water scarcity as supply goes down with demand remain virtually the same one can only assume prices would increase and that's where the chicago mercantile exchange comes in known as the merc it's a resource for futures trading and includes everything from agriculture real estate to metals and now it's possible to purchase a futures in california's water a recent study indicates is a gateway to a multi-billion dollar market it's something catching the attention of many analysts leading the way for more studies in the works and some are expecting the use of water to go down anytime soon as the environmental protection agency estimates most families in the us use roughly 300 gallons of water per day reporting for us the toughest sweet are tea. time now for a quick break but when we come back we'll get an update on the latest from davos as

the world economic forum goes. i.

the world is driven by a dream shaped by one person with those great. military thinks. we dare to ask. such can on the phone line my fighting only coming for them in the money on the supreme court appointments to november 7th so it doesn't sound like a. lot

of fun at all but just that they had nothing to. lose she was you make. more of the i just. don't bombard from the sun on my book you go to the british courts does one up himself up. i mean the guy. doesn't want any of. it. to take. secret prisons and usually what comes to mind when thinking about europe however even the most prosperous can be deceived within this 0 zone there were too few houses well i would presume were located in the only ca you can pool.

access to the story investigators cover did because dealings of the secret services but i mean. you great ignore been told for months and you. seem a bit stormy. for justice. with the biden ministration about to impute another massive stimulus package into the economy many cryptocurrency bulls are expecting the price of big quine to rise once again friday the world's largest crypto currency is hovering around 37000 but can we honestly expect the price of big to rise every time when he has a fused into the economy joining us now to discuss and. the night economy is all gutfeld meyer c.e.o. of digital asset exchange smart baler and let's bring back in that bill is co-host

ben swan olga thank you so much for being with us today and joining us from * davos usually takes place i want to start with it was the 1st question it's going virtual this year much like other other conferences other forums what is it what does it feel what does it look like both sides of extremely cold and snowy. it's actually. unusual you know so this. used to be you know that place on there was the largest toss conference assumes a waltz leaves 2 years 50 years since it made its all of a sudden it's empty nobody here but what's also closed you know this street used to be closed although you know all the konami numbers now look at this so it's really really strange to be here as this time it's certainly different from what you were used to i know that you've met with us our before here are here on boom bust with the stars chilton who you thought it was several times so thank you for joining us

from there today i want to talk about your recent article that recommending tokenized gold can you explain why that better than typical crypto currency. it's actually not the cryptocurrency right to deny his gold is basically gold which is just you know has you know basically track record of this unique piece of gold you also have a log chain according to can read so you have to physical natural gold and just as approved if you had this gold you have to write so it's actually as gold is the only difference is that because it's on the blog you can send it it's a thing where you send it to anybody anywhere it was the 2nd so it's basically think about it as gold it's just you know and to become an issue of it is that you know people and you were in the world like think india right so you can only goal to be just the words in london in st you know walls and they can you know proves

just hold on place them and they can securely send this and you are a lot of this is absolutely unique uniques that people out there in developing countries have never allowed theory of you know being able to own real gold definitely very different than. yeah absolutely i mean they went over us talking about here is tokenized economy in a lot of different ways and the idea that a crypto currency doesn't isn't necessarily based on anything is untrue in fact the whole premise behind a tokenized economy is that you tokenize all different kinds of assets and gold certainly can be one of those and the other thing she was alluding to there at the end which is very important is fractional ownership right because any kind of of digital currency allows for that fractional ownership or people wouldn't be able to now there have been some companies that have tried fractional gold in the past or make claims about using digital gold in the past or even art but the key to all of that is the auditing system what is the audit in system that's in place to make

sure that those assets are actually owned and are actually reflected in whatever the offering is for that token but when it works yeah absolutely i mean it's that it's kind of the next step in a digital tokenized economy. definitely interesting something different that we're looking at that could possibly come into play although back in 20000 you talked about the idea that we could essentially tokenized anything is that where the economy is moving toward. absolutely it's just you know from the perspective of phone conversations 2 years ago i think it's taken us longer than the sot and the reason for that is partially is that knowledge you know is a skill ability of the blog acknowledges states where we are but also partially regulate it doesn't you have to look a nice take this house congress center or anything right if the concept security in those pieces and now what me it is you know exchange just being able to distribute

and overflow trade ins is to deny security and the problem let's you know is that a good way to assist them did not catch help was this so just no the scene here in switzerland's a new law coming in this year to enable this distribute it's legit acknowledged exchanges but it's been you know very difficult road for your leaders to get a grasp of it very much delayed it much like you're saying ben what do you think you know well they're they're behind on everything when it comes to digital currencies tokenize economies governments are way behind in terms of catching up with in terms of regulation but you know when we talk about tokenize in the economy i think what's fascinating about that is it doesn't have to necessarily be something that's physically tangible what i mean by that is there's a lot of technology that comes back to things like file sharing technology which in some ways is to enjoyable but it's also with a digital asset or for instance you have like 5 point right which allows for

breaking up servers all around the world the value of the coin is in the actual content that's being stored in various servers so it's a totally different way of looking at the economy and looking at the world i think one of the reasons that we're behind on it is because the people who who generally control economies are behind and so it goes all the way back to what we talked about of the very beginning of the show is that there is a wave of people who are able to have more control and more access. 2 financial into t.'s economies and have greater control than they've ever had that disrupts the system and whenever you create disruption in the system certainly when we're talking about economic systems there's going to be resistance absolutely and although you talked a lot about our continued talk a lot about technology and where we're at these days and how we're behind essentially on where we want to be or would like to be now let's talk about the different different national banks right creating their own digital currencies if these are banks that they're centralized is this really the ideal situation for

these types of digital currencies to come from these central different national banks. you know i see the competitions there it's fun you know and it's actually great you know there are so many use cases for. national bank digital currencies and by the ways that you know one of the topics also during what is going on the forum well the digital. this year and you know a lot of people asked what can about china you know that china is pioneering the ways there and it's interesting is it actually you know they say well it's just you know but a way to transmit money into the system sheets or more efficient way you know disguising the actual is the real purpose of basically better control of. you know how the money is spent and where it goes but apart from china you know like the

cold top because financial inclusion you know and you know developed income countries being able to use you money which anybody can use in the digital way on the very low cost base rate this is the whole point because look i'm a banking system it's very expensive right ringback. leeson like developing countries can the what if word all of this and brings a bank into the population through this infrastructure but then they wanted to can i sort of digitalize their charter and seize the open completely different opportunities but what else have the disadvantage of here a national bank creating their own digital currency is. yeah well basically country is a disadvantage just as one side yesterday neighbor anybody who has a phone also have called in a way and of course you know the big advantages and it's not just payments the whole system can start to work loans investments and so on rates but the

disadvantage if those countries simper tickler is basically you know what used to be called the little station. you know people into specific countries and start to use dollar late now imagine it's digital currency and switching to digital dollar aids of being the issued by us or to but any company is so simple right so this problem of you know flight away from national currencies is going to become very bleak and they will need to see households as problems have been you've talked a lot about the some of the possible disadvantages. yeah i think there's a lot of disadvantages to it to national currencies because 1st of all when it comes to privacy when it comes to being able to control you know who can even access currency whenever. you know central bank controls the currency it with digital means obviously there are more controls the promise of crypto currency or digital currency was originally that it was supposed to expand economic freedom not

restrict it and so any kind of totalitarian government or any kind of government at all has the ability to really restrict who can access and who can utilize their currency when everything becomes digital i so that's something we have to keep an eye on but back to what old it was saying in the beginning to you have to look at the fact that so much of the world is unbanked there's a there's a fascinating kind of look at history if you look at the last 100 years in the comfort of africa many people there on that continent did not have t.v.'s or radios ever they simply went from having nothing to having cell phones they skipped an entire 100 years of technology that is happening in the banking side that's what it sounds like definitely or unfortunately we're out of time although fell meyer c.e.o. . mark baylor the most co-host bence on all that thank you for being with us from davos today great to have you as always. that's it for the time catch combust on amount of purple t.v.'s and then on my phone and how much room i am on my searching for people to see and it.

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seemed wrong why don't we all just all. get to shape out just because the adjective and engagement equals betrayal. when so many find themselves worlds apart we choose to look for common ground. in 24 you know bloody revolution to the demonstrations going from being relatively peaceful political protests to be creasing the violent revolution is always spontaneous or is it you know here i mean your list. is out of school and you go to the former ukrainian president recalls the events of $24.00 g. and. those who took part in this did over 5000000000 dollars to assist ukraine in

these and other goals that will ensure a secure and prosperous and democratic. stocks bonds commodities currencies everywhere you look in the world you have price discovery is broken and the ability to make markets has been shattered because access to free money is now ubiquitous and virtually instant. smoke why don't they couldn't put him in the mud them up on the floor of one going to know them better than one so tough to get

a. lot of them was. just that they had nothing. she was even. done but from the sun no money to go to the british of course that's when the band broke up. i mean the guy . if you can. really take. the. secret prisons and usually what comes to mind when thinking about europe however even the most prosperous can be deceived within this 0 zone there were 2 view houses were. preserved were located and the only people had

access to the story for investigators covered the darkest dealings of the secret services but i mean. the great ignore. for. crying for justice. l. look forward to talking to you all that technology should work for people. i robot must obey the orders given by human beings except where such orders to conflict with the 1st law show your identification for should be very careful about artificial intelligence and the point is to create trusts. only on theories chozen with artificial intelligence where some of. the robot must protect its own existence as.

germany imposes a travel freeze on countries where highly infectious new strains have been detected that business leaders say will put an extra strain on the economy. also this hour the governor of new york is under scrutiny over his handling of the kobe crisis in nursing homes as they. as officials have severely under-counted. and a u.s. business owner is bombarded by death threats. and reports. one gentleman actually says he was coming to kill me one person.