to distract the public's attention away from the so called party game scandal is ridiculous ideas use the navy. the british navy has been cut to the bone anyway. and its purpose is not to repel illegal immigrant boats. we are without countries like governor oregon to actually knowing about it, saying that we are going to transport our illegal immigrants over there. that rightly replying and telling us that they don't want them. this has been a problem ever since into power back in 2019 teresa, my was little bit weak or miss she famously saw in the un migration compact show some has come out with big words, which is very convenient, but only now as the illegal immigrant crisis reaches a crescendo and at the same time the local subarus johnson to go this, these firm promises of being made. we've been fooled too many times by pretty to tell him the conservatives are not going to do anything about it. and that is your

news wrap. this out just gone half past 5 and moscow. back again at the top of me i i'm at kaiser with more of my guide to financial survival. this is a hedge fund. it's a device used by professional galle wags to earn money. that's right. these hedge funds are completely not accountable, and we're just adding more and more to them. totally, the stabilizing global economy. you need to protect yourself and get inform. watch guys with

the boom bus, the one business show you can subordinate bridge a board and i'm ready to london in washington and coming up the way the crypto currency crackdowns just got even bigger as the u. k. has now stepped up. if that birds you can map advertisements in the industry will bring you all the latest straight ahead. plus tax stocks in the united states are looking to make it come back as the nasdaq is approaching correction territory. we'll 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 thrived got to pack. so today was dive right it we lead the program with a follow up to the global trend of regulating crypto ads. the u. k is now joining the growing list of countries and acting stricter rules for crypto currency advertising. the u. k. government has published its plans to impose stringent restrictions on crypto advertisements. these strengthen rules focus mainly on

misleading claims that might cause customers are. now this comes after a guardian report highlighting a record number of advertisements for crypto companies on london public transport documents obtained to 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 in 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 and crypto products. to joining us out, we've got salinas there been less 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 per 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 in bars, businesses for promoting financial products without approval from the financial conduct authority in the u. k. they say though, the crypto currencies 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 a cycle 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 looks the you're gonna find few people who are as big of a supporter of de currency than me. however, there are a lot of bad 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. got 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 been, is there, there are bad ac is we're not looking at maybe some of the bigger exchanges, like a by nance or crypto dot com or f t x or any think it's more going to be about these people who are trying to push, pumping up skin so i want to talk with them. see, that's what i would be concerned with. yeah, that's what i'd be concerned with. but by the way, these regulations do applied to crypto dot com. okay. now kristie to, to bent point also that he 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 currency, only 58 percent of crypto users surveys believe they actually possessed a good understanding of how crypto currency and the underlying technology work.

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, why they are actually buying it. and that actually creates a huge problem for the ecosystem. because when there is volatility and there is draw down that all of these newer hands, the weaker hands, they all freak out because they don't actually know what's happening. because no crypto isn't 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 point for that matter, all this volatility is just temporary and the newer hands are just going to have to get used to it. basically get used to it or get shaken out because they create an unhealthy ecosystem. when you have a bunch of hyper fomo trader who are only in it for the quick flip. so according to analytics provider glass, note the recent draw down predominantly, saw new traitors exist, stay exiting from their positions while all these long term hobbler, they stood their ground. so the average age of the big point being sold and traded this past couple weeks or about 155 days old. while the older client on 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 account and a credit card. but on, fortunately, it's the totally wrong way and to get, let, because as we always say, not your keys, not your wallet in might as much as buying stocks. and those who do know what their mind, they totally will not be supporting these platforms. absolutely. the next battle on v crypto frontier is of course news versus hollers. now been that much was made about that report on ad at transit stations. oh, what role did that play? why they 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 companies. so it might be crypto dot com. in some cases it was crypto dot com. in some cases, it's individual coin. you know, we talked about this earlier, this we go, you know, you have so little understanding of this and people who are on the outside of it, they got to be watching, bu, must, every day that guy's got us martin 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 employ may whether junior got in trouble because they were pumping up. this is theory, a max coin recently, which it basically is a garbage coin. it has no value, but it has the name if theory a max. and so people who don't know much that 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 me whether junior, he'll sell you anything. if you pay him enough, they'll come in and they'll say, oh great if they're you max, sounds good, the celebrities 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 a theory, 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 people to understand is that if you're going to shill any thing, you should be required to own it and hold it yourself if you're going to sell it. and that's my believe, my personal opinion here. and that way you would prevent people from being part of these pumping 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 i'm actually in 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 currency they're actually holding themselves? or is it one of those cases where they could then 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 promoted, then you should be the one actually supporting it. you should be the one holding the bag and not, and you 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 it 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 do it because crypto right now, it's still very nice of the entire population. there's probably only less than 10 percent that really own crypto, so it still is a very nice 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 advertise to normal consumer than normal investors. so basically prohibits and it 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 kristi. i thank you both for your insights and we wanted to take a look at the state of u. s. equity, 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 of putting it on the brink of officially entering correction territory. so go ahead and take a look at what markets are doing, and if there's something we could expect to continue with, michelle snider, she's a 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. override the interest rates, but all science point to march. as the earliest point, we might see that federal high, great. what are you seeing here? i want to add one other index. ringback 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 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 probably responsible to that. but everybody, i think, in the back of their minds knew 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 this show a year ago. now all of

a sudden it's mainstream on everybody's lips, labor still concerned supply chain sole 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 over valued as well. so it'll be interesting to see if we find a floor near these more recent lows 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, why are tech stocks taking the 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 were 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 a 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 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 didn't 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. e to japan cancelled and restructured their scheduled flights in response to the plan roll out of the technology stuff for one day. 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 effective so far include japan, airlines, british airways, and air india, officials from do by emerett 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 life 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 candid as i normally am and say that this is one of the most delinquent, utterly respond issues. i've seen in my aviation career, and i'm now for a quick break. but when we come back, it's been a tell i'm sure recoveries around the globe as the old, you're a red saw their profit sore fall, the world's forest are phasing poverty and dead. well, the gas, the k shaped recovery on the other side. and as we go to break, here are the numbers that the clothes with with i think we'll put it up unless perhaps you get a quote man, anybody's keith is going to push and push it if i had a few. but there was somebody in somewhat of a few minutes that really was 3 to what i still love with it at the. but i booked

with loaner vehicle me in your school because you believe about what will give you hope. all right, from what you, what would be with, you know, this was a boy like you, but you're for both for any weaker from what i show up the documents that i've been with can oh, when i want to show the wrong one, i just don't hold any world you have to see how this thing becomes the advocate, an engagement. it was betrayal. when so many find themselves worlds apart, we choose to look so common ground 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 poorest 3 point. 1000000000 people combined, the fan demick also saw the guy growing 160000000 people pushed into poverty. now this all comes 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 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 and 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 research waited us as a society to do something about being 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 wall 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 true of the 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 $4000.00 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 want to get a proper education or to be healthy enough to learn. yes,

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 to one is a strange kind of logic. why are you 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 for 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 month. 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 as a beginning of last year, tell us of 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 fence didn't know how long this 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 arrogance that most of us should step back from. absolutely, professor richard, well, thank you so much for your insight and that's it for the star, because boba's are the man on the portal. tv, or up available at portable dot tv. we'll see you next time with

no other shows are happy to record pleasant sounding. lise, our politicians are constantly telling us pleasant lies. i'm a show. we dare to delve into unpleasant truth. yes, i do. unique name, re screen you will. i, lisa typical. there is only 9 but already a diversity students that away man slash a new modest appointment. let's see. yep. you got the last, there's doors to deal with a with that he make them come over to coast. he will show control such programs. now brochure of course with level your special i will the yeah my but i did say the 1st grade and of course what the plan was to get i'm pushing was and you mind sitting

this i'm dealing with with judge hayville. i'm calling from his teacher was reason is balise. we'll coordinate look forward to talking to you all. that technology should work for people. a robot must obey the orders given by human beings except where such short or conflict with the 1st law show you. i them just, we should be very careful about artificial intelligence. and the point obviously, is to great trust, rather than fear with the area with artificial intelligence, real summoning with

a robot must protect its own existence. with a headlines, this criminal negligence that sy rushes foreign ministry, is describing the work of some western journalists seeking to mislead the public. into believing russia wants to invite you trained spike continuous denials from officials in los altos to come. the russian co with vaccines got nick, they demonstrate strong protection against the recently emerged on chrome strain, not according to a new italian study, and also produces more anti bodies than the fires. the jap, disturbing declassified video shows the seconds before us drone kills 10 afghan civilians, many of them children were seen playing on the street and one of the most appalling incidents in the bought patrol from the country. but joe biden says he makes no

apologies whatsoever, but the desire.