a fact, everything you impacts impacts us back of the bill. in the case. it was a new month's appointment. let's see. yep. you've got the floss. there's dos padilla uh he did respond and i am noble. choose to snable, but yeah, but that's a little only thing that i think was good. yes. so the loss of money to somebody is pointing to yahoo terms the chemical nobody calls, he really shows control center program, use them now brochure, nebraska. and of course with them when you're special, but i'm the yeah, my is what i say the best way to get what the certified like was to kinda push him was in human shit in the something that evaluated for the book that he was not to college i knew which with soon relative to pretty good. when you move to judge that he's doing cooking for his teacher was all reason is balise. we'll coordinate ah.

with blue bus go one business. you're you care subordinate, bambridge, a bore, and i married to a woman's in washington and coming up the way. let's go currency crackdowns just got even bigger as the u. k. has now stepped up. is that birds began my advertisements in the industry will bring you all the latest straight ahead. plus tax stocks in the united states are looking to make a come back as the nasdaq is approaching correction territory. all take a look at the state of markets, and the disparity between rich and poor has been compounded by the pandemic, as millions have fallen into debt in poverty, while the wealthiest have the right got to pack. so today was dive right it we lead the program with a follow up to a global trend of regular in crypto as the u. k is now joining the growing list of

countries enacting stricter rules for crypto currency advertising. the u. k. government has published its plans to impose stringent restrictions on crypto advertisements. these strengthened rules focus mainly on misleading claims that might cause customers arm. now this comes after a guardian report highlighting a record number of advertisements for crypto companies on london public transport documents obtained through freedom of information act requests found that there were nearly 40000 crypto ads from 13 companies that were displayed by transport for london. between april and september of last year, prompting calls to band practice altogether. now, earlier this week, we told you that spain has now become the 1st e country to impose new rules on crypto advertising, and that singapore has outright band the advertisement of crypto in crypto products . to joining us now discuss salinas or boom, thus co host an crypto analyst, benson and kristi i ban lonestar with you here. what do we know so far about the

new rules in the u. k. regarding crypto advertising yeah, centrally, what's happening here is very similar to what's happening in spain, which is that essentially the financial services, the part part of the government is essentially saying that crypto currency is new. right. and it doesn't necessarily fit into existing laws or that crypto company so far have not subjected themselves to the authority. so for instance, they give the example here, the financial services and markets act of 2000. they say it bars businesses for promoting financial products without approval from the financial conduct authority in the u. k. they say though the crypto currency is don't fall under that because again, they've been operating without this. so they're trying to bring crypto currencies under this. the goal here, according to the government, is not to stifle innovation. they don't want to stifle innovation, they say, but they do want to protect people against, you know, bad actors essentially in the space. and let's be honest, here it looks the you're gonna find few people who are as big of a supporter,

the currency than me. however, there are a lot of that actors in the space. and so you do have to recognize that a lot of people don't understand crypto currencies. that doesn't mean they all have to be protected. you ought to put on your big boy pants and make decisions for yourself. but at the same time, you also have to recognize it's easy to influence people and trick them into, you know, investing in some show coin with pump and dump. if people don't understand what that looks like and so i can understand why there is an effort here to kind of rain in some of this. absolutely. so what you're saying bed is there, there are bad actors. we're not looking at maybe some of the bigger exchanges like a buy, an answer, a crypto dot com or f d x or anything. it's more gonna be about these people who are trying to push pumping up skins. so i want to go to, i think we found them, see that's what i would be concerned with. yeah, that's what i think is her with it. but by the way, these regulations do apply to crypto dot com. okay. now kristie, due to bent point all 30, made about a research, you know, about not knowing really here because a recent study by the u. k. government shows that although 2300000 people about 4.4

percent of the population own crypto courtesy, only 58 percent of crypto users surveyed believe they actually possessed a good understanding of how crypto currencies and the underlying technology works. isn't that a big part of this problem? it's a huge part of the problem that some people don't actually know what they're buying . yeah. why? they are actually buying it. and that actually plays a huge company ecosystem because when there is volatility and there is draw down that all of these newer hands, the weaker hands, they all freak out cuz they don't actually know what's happening because know, could go if in some quick get rich, quick scheme, it's actually a real technology, a real ecosystem that is being built out and that takes time. so when you invest in small all coins or even big coin for that matter, all this volatility is just temporary and these newer hands are just going to have to get used to basically get used to it or get shaken out because it creates an unhealthy ecosystem when you have a bunch of hype and fomo traders who are only in it for the quick flip. so according to intellect, provider glass, note the recent draw down per don,

that we saw new traitors exist, stay exiting from their positions while all these long term hollers. they stood their ground. so the average age of the big coin being sold and traded this past couple weeks about 155 days old, while the order client and the older wallet only waited on the sidelines and accumulated. so yes, it is a problem and education remains to be a big barrier to entry. and we've seen companies like coin base and paper. i'll try to break that barrier to entry by making crypto super easy to buy right off your phone accessible to anyone with an accountant or credit card. but unfortunately, it's the totally wrong way to do it. because as we always say, not your keys, not your wallet, it might as well just be buying stocks. and those who do know what their mind, they totally would not be supporting these platforms. absolutely. the next battle on be crypto frontier is of course news versus hollers. now been that much was made about that report on ad and transit stations. oh, what role did that play? well, i think it played a big role because it puts it out into the public sphere. right?

that you have a, again, people getting on the subway, essentially in, across the u. k. people in london. right. and imagine you're walking in and you've got, you know, 40000 different advertisements that are popping up over the last few months for crypto services and, and you know, crypto company. so it might be crypto dot com. in some cases it was crypto dot com . in some cases it's individual points. you know, we talked about this earlier, this, we go, you know, you have so little understanding of this and, and people who are on the outside of it, they got to be watching boom bust every day. that guy's got a smarten up here. but you have people like, for instance, that we talked about this earlier this week, you know, kim carr gnashing got in trouble. and boy may whether junior got in trouble because they were pumping up. that's a theory, a max coin recently, which it basically is a garbage coin. it has no value, but it has the name if theory emacs. and so people who don't know much, they're kind of casual passers by, who see that kim kardashian, who quite frankly, will sell them anything if you pay or enough same thing for, for may whether junior, he'll sell you anything. if you pay him enough, they'll come in and they'll say, oh great if very back, sounds good. the ssl parties are doing,

it sounds good and then they get in that loses 97 percent of its value. but what they didn't know is the public is that it's very a max didn't even have a real utility in the 1st place. what was the purpose of it? what does it actually do? and it wasn't connected to a theory of. so this is what's important to be able to understand is that if you're going to show anything, you should be required to own it and hold it yourself if you're going to. so it about my believe, my personal opinion here, and that way you would prevent people from being part of these prompt dumb schemes which don't just hurt by the way investors, they hurt the entire industry. they make the entire industry look like a joke when it actually is the future. now, christie, i want to get your take on that. is there something to be said for making sure that those individuals that are promoting those crypto currencies are actually holding themselves? or is it one of those cases where they could been find a way to then sell it after they promoted at what's your take? well, i think if, yeah, if you're definitely going to promote it, then you should be the one actually supporting it. you should be the one holding the bag and not, and you should probably have a lock up period. like a lot of these public companies, public companies,

the corporate management are required to hold their stock for a certain period of time, a lock up period. if you will, before they can actually dump in the public market so that an i p o wouldn't be considered a dumping exit strategy for a lot of corporate management. so i think those rules should apply there, but i really don't think that advertising should be limited because that's the thing. if people don't, because crypto right now it's still very nice of the entire population is probably only less than 10 percent that really own crypto. so it still is a varnish industry and it still does need promotion and advertisement in order to get the message out there. and especially to the people who need it most. that is, that is actually the bad part about all of this because i get the fact that they want to protect the consumers from these bad actors. and there are regulations around that. the hedge fund industry, for example. they prohibit any non accredited investor from investing in it, and that is why they can't advertise to normal consumer than normal investors. so it basically prohibits an prevents movement in between wealth classes. crypto on

the other hand, was the base biggest wealth transfer that we've seen in the past decade. and that's because we didn't have these regulations. and so people who actually needed this wealth transfer, they were able to get in on the entire crypto boom. they didn't have these high barriers that you have with the hedge fund industries that we currently have today . and that, that created a wealth mobility if you will. so that is essentially what crypto was here to do was to disrupt the current existing system. and by creating all of these regulations around advertising, you're preventing people from actually learning you're preventing access. and i've been said it's high time that people should actually learn to put on their big point. because these regulations, they're outdated. there were there in the past to protect consumers because we didn't have the internet, we couldn't google something, we could learn about something. and so information was very limited, and so people got scammed. they got schemes. nowadays you have the internet, you can do your own research. yeah, this is a topic that isn't going anywhere anytime soon, and we'll definitely continue this conversation. boom, bust bend on and chris, the,

i thank you both for your insight and we wanted to take a look at the state of us equities, which have pretty much taken a beating since the start of the year after seeing record high after record high treasury yields are sitting near to your highs as the future of the federal reserve policy remains in focus with investors. keeping an eye on when the nation central bank will make its 1st move toward raising interest rates, which have been sitting near 0. so let's take a look at the numbers here. the tao is down about 3 and a half percent since january 1st, while the as the p $500.00 has last more than 4 and a half percent. but the biggest drop, well it's been with the tech heavy nasdaq, which has fallen more than 8 and a half percent since the 1st of january and down nearly 10 percent since highs in november, putting it on the brink of officially entering correction territory. let's go ahead and take a look at what markets are doing, and if there's something we could expect to continue. michelle snider,

she's the partner and director of training research in education with market gauge dot com. michelle, i want to start with. mark is dropping over all over the last couple of weeks. it seems everyone is talking this up to fears, overriding interest rates, but all science point to march as the earliest point, we might see that bad high, great. what are you seeing here? i want to add one other index to the list of the ones that you just mentioned in terms of correction. and that would be the small caps which have now fall in probably more like 15 percent. and they really got the ball started and also were in a trading range since february 2021. i mentioned that because what we're really seeing now is a test of a lower ends of some of these trading ranges that were established in early 2021. and so why is this happening? hardly? yes, the fed is definitely partly responsible to that. but everybody, i think in the back of their minds knew it was inevitable that we couldn't keep 0

percent rates, especially since we're seeing these inflation numbers. and that's the 2nd problem, is the inflation numbers now are becoming persistent, where we talked about it on the show a year ago. now all of a sudden it's mainstream on everybody's lips, labor still concerned supply chain, still a concern. and then on top of that, you had $800000000000.00 worth of corporate buybacks that help boost the market. you had something like $25.00 trillion dollars worth of new retail investor accounts opening. and then from a geopolitical standpoint, now you have the russia, ukraine situation, you put this all together, right now the market is heavy, everything was overvalued as well. so it'll be interesting to see if we find a floor near these more recent rows that we're seeing right now. yeah, definitely. especially as we say that fed policies start to kick in. now as we've seen, tech has been the biggest loser recently with the nasdaq on the cost of correction territory being down nearly 10 percent from highs in november. so is this about

a transition out of pandemic plays? i mean, wire tech starts taking that run of the sell off. again, there's so many reasons. so for one, let's talk about the growth area and the corporate buybacks that was huge. in cyclically, these things come to an end. interest rates definitely are going to impact tech stocks and they don't like higher interest rate. so they're fearful of that. then on top of that, if you just take something like the arc fund, which was the disruptive technology, it was kind of almost a harbinger of what was going to happen with the overall tech. because a lot of the companies that are in the arc fund have no balance sheet. so they weren't really the growth companies that kathy would anticipated. they would be. and then also we have earnings on tap now and a lot of the expectation for the earnings on some, even the big ones are looking like they're not going to be as robust as they were. so you put this all together really only you, certain tech companies could survive this type of environment and even those are

being tested right now. like in apple, for example. absolutely. now with all of that in mind, when the fed does actually take these steps to aggressively pull back the easy monetary policy, do we anticipate that tantrum? we had kind of expected when the central bank started the taper of quantitative easing. well, some people who say that it's being priced in right now, and i think that's a legitimate concern. i think a big concern might be if they actually do raise rates, can be sustainable because on top of everything else we just talked about, we do have a shrinking economy right here. that is very much counting on the end of coven and counting on an infrastructure package, and just county on basically things getting back to some relative normal with growth. so that may not be the worst problem of them raising rates. it would be, can they continue to do so? and that would not be considered healthy if they can't. and it's interesting that we talk about how it's price then, but that just really mean they overreacted ahead of time before anything happened. michelle site or dot com. thank you so much.

and the ongoing saga surrounding the 5 g roll out here in the u. s. is now being called a nightmare situation. after airline from the u. h in japan cancelled and restructured their scheduled flights in response to the plan roll out of the technology set for wednesday. now this occurred despite the fact that h e n t, and verizon announced on tuesday that they would delay the roll out of their technology in your certain airports after the a warned it could interfere with planes during take off and landing. it also comes after major us airlines voice concerns over the chaos that could be created as a result of the restrictions put in place by a v ation regulators. now while the airlines that have been affected so far include japan airlines, british airways, and air india, officials from do by amory, have been the most vocal about the situation while they are expected to bring back some back after. now i think they would cancel all flights to 9 us cities. the

airlines presidents are tim clark, criticize the by the administration for moving forward with the 5 g roll out. despite concerns over the safety of the technology. he said, in part, i need to be as canada, as i normally am and say that this is one of the most delinquent, utterly response issues i've seen in my aviation career and time now for a quick break. but when we come back in a tell, i'm sure recoveries around the globe as the ultra read saw, their profits sore. all the worlds for us are facing poverty and that will discuss the case shape recovery on the other side. and as we go to break, here are the numbers that the clothes with all driven by a dreamer shaped bath control center. those with

there's sinks, we dare to ask a pc to coordinate either, please keep it going and push and push it. if i had a few, but i should somebody sound like a few minutes, but that was 3 to what i still love with it at the but i booked a believe about what we did get hope. all right, so i'm what you, what we believe if you, if you just left out of up i know if you want to make it. but

if a prosper any weaker, lia, from a brush up projects that i've been blue with, can the welcome back. we have covered the increasing divide between the rich and the poor, and how it has been exacerbated by the cobra, 1900 pandemic. and now new data is giving insight into the impact of the greatest wealth transfer in modern history. in fact, according to research from the organization, oxfam international, a new billionaire was created every 26 hours since the pandemic began. the 10 rich people in the world also saw their worth more than double with their fortune increasing around $1300000000.00 per day during the pandemic. and as a result,

those 10 people now own more than the world's poor 3100000000 people combined. the pan demik, also sauce gathering 160000000 people pushed into poverty. now there's all kinds as inflation continues to store, and even here in the us, the wealthiest country in the world, employers are saying they aren't planning to keep up with the average company offering a raise of just 3.4 percent less than half of the current inflation rate. so joining us now discuss is professor richard was hosted on the update and author of the sickness is the system. now professor, let's start with this finding that a new billionaire was created every 26 hours during the pandemic, while millions were pushing poverty. does that surprise you. busy at all, i wish it did, but it does it. to be honest with you. i've been telling you this. i've been saying it and i'm not alone for a long time now. i had whole,

i guess i'm naive. there's something as, as big a crisis for all of us as this horrific disease and the damage it can do. my persuaded us as a society to do something about the inequality. i, we didn't, and maybe that would have been understandable. but to have the pandemic actually make it worse than it was before the pandemic. it that suggests a society that not only can come together to deal with a danger to us all, but a society so broken in to the pattern of greater inequality that nothing can turn it around. i find in extraordinarily depressing, because i think it worsens. all of the splits, all of the divisions, all of the conflicts, we see swirling around us. professor wolf, i know people are going to watch this segment and there's going to be

a whole group of them that's going to say, you know, professor, wal fin boom bust you guys just hate success. but i want you to lay something out for us. what are the long term impact of the wealth gap? not only increasing but increasing so drastically that 10 people. i want to say this 10 people own more wealth and 3100000000 people combine. that's ridiculous. it is. it's also historically an anomaly. this is, this is the kind of situation we once learned was truly ancient pyramids and in ancient egypt. when you had some people, you know, building pyramids to their family, while a lot of people couldn't eat the story of success, i find always really strong range. you're get, you're saying the success that you're looking at. the handful of people who are billionaires, there's 3 or 4000 billionaires in the whole world. whatever success you want them

to have is coming at the expense of hundreds of millions of billions of people who are denied success because they haven't the money to have a decent all were to get a proper education or to be healthy enough to learn. we us isolated to the success of huge numbers. why shifting wealth this way and to focus only on the winners when the losers out number them a 1000000. the one is a strange kind of logic. while you're not concerned about the success being with ho, from the mass of people by this kind of wealth transfer. now especially when you're talking about hundreds of millions of people being pushed into poverty. now, speaking of americans and really their struggle to get ahead in any way that they can, i know we've talked with you a lot about this great resignation in which millions of americans have quit their jobs in recent months. now if employers aren't offering raises that,

keep up with the rising cost that we're seeing is that trend likely to continue? i'm afraid so, because think of it this way. just as a, as an average human being, we've just gone through one of the most difficult 2 year periods in american history of public health disaster simultaneous with an economic crisis. that's hard on the people. and we know how many of us have suffered in all the different ways out coming out of that we needed help. what we're getting is a smack in the face on inflation at 7 percent. as you rightly said, employers saying if they raise wages, it will be in the neighborhood of 3.4 percent. we are therefore hurting the poorest amongst us because they won't be able to afford the rising 7 percent of goods to do this to a population that's just gone through this kind of 2 years. that is not only immoral,

but it is self destructive of our society. this is not a sustainable arrangement, especially in a society that tries to think of itself as democratic as a gala darian, as committed to giving everybody a chance you want taking away a real chance and a decent life from most of the american people. by what is unfolding here and professor, well, there's been this sentiment presented us about this whole situation from some employers that well have inflation is only 7 percent. now when, why would we give our employees a 10 percent raise because inflation will mentally decrease in the coming months. i don't know, professor, well, you're an expert on this, but it seems to me that when i was a kid mill was about a 3rd of the price that it is now, inflation did not go away. it just stabilize. what do you make of that? we heard the federal reserve at the beginning of last year,

tell us that the inflation that began to pick up wouldn't last. they have now apologized for having used that language and they backed away from it. the truth is nobody can predict the future. no employer knows, i don't know. mr. powell at the fed didn't know how long does the inflation will last and how far it will go for any employer to use. that argument is to play on the imagination that that employer knows where the future is. the workers need a wage increase now to afford the rising prices now and when the future comes, let's see what the situation is. what holding the people hostage to your prediction about the future. that's a level of our against that most of us should step back for. absolutely. professor richard, well, thank you so much for your insight. and that's it for the tire. because boom bus on demand on the portal. tv up available at portable dot tv will see you next time.

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a 3rd grade and i was thinking what the plan was to get up to him was in your mind shifting to something with, with his teacher was reason this one is a good to a

so called enhanced interrogation techniques used by the u. s. officials were basically designed as techniques to break down the human mind. if you force a human being to stay in a certain position doesn't take very long, the pain involved to become absolutely excruciating. but nobody clean finger on you . you are doing it to yourself. and we started adopting those techniques when i was station in mosul, among them were stress position, sleep deprivation, and do some type of therm. yeah. there's already beginning to be evidence that these old techniques are now being used on immigrant children. whatever you do or more comes home. nobody has been held accountable for the torture that happened in the past. the moral authority made america war later. sacrifice the sham of

effective interrogation. ah, criminal negligence, that's how russia foreign ministry is describing the deceptive work of some american journalists who are reporting about the pose the russian intentions to invade ukraine. this might continuous denials from officials in moscow didn't know would promise. it would i have probably, you know, perform was anybody thought would happen by us. president joe biden says he's out performed in his 1st year on the job related whole numbers indicate the exact opposite party, examines it up and down. gone. i said it's not willing to host the migrant detention center for the u. k. f. media report claim the british government is looking to deport illegal migrants to 3rd party countries in africa.