ah, ah, shoot it there said boon bus one business show you care to boredom it down branch of boar and i make one and then washington coming up with market taking as beating this week. where are investors turning for head straight ahead. we'll take a look at the performance of global stocks and the toll of inflation flat. better reserve is making moves to expand its presence in the digital currency space later on. and we'll dig into the central makes efforts and how it could impact major crypto currency. and could the gaming secor soon be dominated by crypto currency? we discussed the future of the industry and how pay to earn a games could cement themselves in the community. got it back. so that was that

right? it really, the program with the state of global markets is equities continue to trend down as investors prepare for moves from the u. s. federal reserve. we see the i'm a crown variant continuing and in place remains in focus. we start russia, where the mo, x is down by just over 5 percent for the week, despite russia's main export in oil hitting 7 year high. the index fell to its lowest level since february of 2021 as geopolitical tensions over ukraine continue . the possibility of economic sanctions from the west are weighing on market. something else to keep an eye on here is russia reporting a new record number of koby cases on friday as the i'm a cranberry is rapidly spreading. moving to asian markets, the shanghai composite is flat for the week study most the week. it positive territory before falling nearly one percent on friday. this week, beijing made move to lower. it's key mortgage lending benchmark, and an effort to support it's slowing economy bring one year loan prime rate up 10

basis points and its 5 year rate up 5 basis points with more increase is expected over the months to come in hong kong, we have a green arrow for the hung up just shy of 2 and a half percent that move to cut lending rates, push the hung up nearly 3 percent on thursday on that news. the property index search for point 5 percent with big players in the sector. jumping as much as 10 percent the hung song tech index also saw significant gain thursday, upward a half percent for its own right. moving to japan, the new k is down by nearly 3 percent for the week. rising oil prices weighed on the new k mid week with investors anticipating data regarding inflation, which came in on friday. japan's cor consumer prices rose by point 5 percent in december compared to the year prior. that's the fastest pace in 2 years in japan. those rising fuel prices and the costs of materials are taking a toll odd prices in japan. moving to india, we have a red arrow for the 7 sex down more than 3 and

a half percent. the centex bell for 4 consecutive days to close out the week after being dragged by the metals, pharmaceuticals and sectors. looking at had, however, india's ratings and research on thursday, they said the country's economy is expected to grow by 7.6 percent in fiscal 2023 and australia. the next $200.00 is down by nearly 3 percent losing more than 2 percent on friday. a load. this was the worst week for the ass x in 15 months. the market seems to be keeping an eye on the future. moves from the u. s. federal reserve mining and gold related stacks, they also took a hit for the week. unemployment in the nation did drop to 4.2 percent in november . that's the lowest rate in 13 years. and it's another red arrow for the all share in south africa. south africa ran strength against the dollar as investors look for insight into what the south african reserve bank might do with interest rates as it holds its 1st meeting of the year next week. economists pull by writers are predicting

a $25.00 basis point increase to 4 percent with 4 total hikes anticipated this year . now let's go over to rachel with europe and the americans think rent if more the same here as we start. 2 in the u. k, where the fuzzy is down inflation reach 30 your highs in december, heading 5.4 percent. while the bank of england is expected to raise interest rates again next month. there's all comes as a nation is to raise as cap on domestic energy prices by up to 50 percent in april . we'll also implementing a new payroll tax on national insurance contributions. as a result, consumer confidence as drop from negative 15 down to negative 19 nearby. you continue to face a similar battle with inflation. as the german dax fell over 3 percent and the french cack fell over 2 percent this week, and those soaring prices aren't going anywhere anytime soon. according to the latest warders poll, which became the 7 consecutive survey to increase predictions for inflation in 2022

. but the european central bank says that won't be the case and it has continued to stand firm on keeping interest rates near 0. now across the atlantic to brazil where the above us, but is our only green arrow on this side, the nation has implemented one of the world's most aggressive approaches to raising interest rates with a total increase of 725 basis points since march. but inflation continues to remain in the double digits and forecast for rising costs continue to increase as well for both this year and next year. now over to mexico, where the b and b is down, the countryside. so economy decreased by point 2 percent in december, sparking concerns that a recession is here at the bank of america also decrease its growth forecast from mexico and 2022 from 2.5 percent down to 1.5 percent. meanwhile, inflation hit a 20 here high at the end of last year. and here in the us, it has been a rough week for the stock market to say the least with the dow falling over 3 and

a half percent. the s n p falling nearly 4 percent, and the check having nasdaq falling over 4 and a half percent, while all eyes remain on the federal reserve and is plans to increase interest rates this week. so last saw amazon down 8 percent for one of the worst weeks and 6 months. netflix was down nearly 21 percent on friday alone. and pelettano actually made up the majority of its losses on friday after it was down nearly 14 percent on thursday. and finally, over in canada, the t s x is also in the read this week, inflation hit 4.8 percent marking a 30 year high with the cost of food rising at its fastest rate. in 13 years as the cost of home ownership rose at its pastors rate in 14 years now, all eyes are on the bank of canada. c with questions surrounding whether it will raise rates in order to try to get a little bit closer to that 2 percent target. now moving into next week,

we will keep an eye on the state of supply chain shortages and how they are impacting soren prices all around being a battling sky high inflation, treasury secretary, janet yellow and is now joining president joe biden. and putting her support behind the federal reserve to solve the ongoing crisis in a recent interview. yellow and describe the pandemic as presenting co economic challenges that none of us anticipated while admitting that inflation rose by more than she had expected. however, she says it's, it is the pres responsibility to address it and she believes it will do just that. well, inflation remains here. 40 year highs here in the us. the question becomes water. americans turning to as their chosen bat against it? well goal just hit a 2 month high, but it's not the only option on the block right now. and even with bitcoin seen losses this week, it gains over the last year, have really put it in a league of its own. so where do we go from here and our, the stock market losses? we've seen this week and indicator of what's to come with. joining us now to

discuss you better known as your rich b, f, f, i'm tick tock and instagram. vivian, it's great to have you on the show today. now i know. a as we look back over the last year, the stock market has been riding high braking records. but now that the federal reserve is in the process of taking steps to pull back on those pandemic policies. and the name of targeting inflation is their concern among investors who have really been living on those highs and is a crash of some sort and never rule at this point. definitely, i don't think it's so much as if it's more of a when, but i don't personally think that long term investors have too much to worry about realistically. if you are a young person, you'll live through 3 to 4 other downturns or crashes before you get to retirement age. so if you're investing for the longer term versus just short term speculation, you should actually use any period of market downturn as an opportunity to potentially invest in dollar cost average more dollars into the stock market at

a lower price. you can think of it like a holiday sale. absolutely, that's something we kinda saw in 2008 is where when the market crash is like, who does it really affect? well, of course it affects those who are retiring, who are relying on say their 41 k. but you know, for the rest of us who might be a little bit younger, at least at that stage. we don't have to worry about that as much because there are going to be the cycle that we've seen over and over again. now. it's obviously been a year since the mean stock craze of 2021. when investors on red it, they came together and ended up costing hedge funds, billions of dollars. even though the buzz surrounding say site their stocks like game, stop it again and see have died down. are we seeing more people actually getting interested and investing in the stock market, especially with apps like robin hood making it so easy a 100 percent. while i'm not particularly in favor of retail investor 1st foray into the stock market, being a mean stock situation. it did open up the door to investing for

a lot more people. it got them interested and excited to learn about investing. so that is undeniably a positive takeaway. affleck robin hood are both good and troublesome because while they were the pioneers of no commission trading, they've also gained by the experience and are definitely making money in a ways such as payment for order for flow, which doesn't particularly benefit their users. and it certainly be been interesting to see how many people were so quick to hop on robin hood and hop on that trend, just because their friends were talking about it or they wanted to figure out what was going on. but i know something that you talk a lot about is the importance of financial literacy. now, given that we've seen this increase in the game of the cation of investing, what are some of your concerns from what you've seen when it comes to these new fresh investors? i mean, do they understand not just the reward, but also the risk of really what they're getting into? yeah, i think some of these new investors can definitely forget that the market moves in

both directions. if you've only been investing since the middle of 2020, you only seen the market go one direction. in this type of scenario, you know, lots of young retail investors are dipping their toes into trading on margin or levering up the options. and that is an incredibly scary place to be in the very real possibility that the market moves against their trading position. and i know that there's something that might be a little bit more nuanced and i have about 30 seconds left here of him. but the fact is, is that, you know, when we talk about inflation, the topic comes to hedges, and that might be something that a newer investor might not know so much about. but what are you seeing people move into as we see prices rise? yeah, absolutely. some my personal favorite inflation hedges include the good old trusty i bond issued by the u. s. government, it's an easy way to help keep pace with inflation. additionally, things like you mentioned earlier, gold and more recently crypto currency can help against inflation due to their

limited total supply. and last but definitely not least real estate either owning a physical home or a plot of land. or even just investing be a real or a crown funded real estate investments are a great way to hedge against inflation here. rich be a fast vivian to thank you so much for your time. and in fact today, thank you for having me. since i'm out for a quick break, but when we come back, the better reserve has finally revealed its way of to pursue a central bank digital currency. but how does that match up to other central base plan? we'll discuss it as a break here. the numbers of clothes in

ah, gothic, what by the apple. ne, get a quote man. he liberties keith is going to push and push it. if i had a fever or just somebody, somebody a few minutes, but it was 3. see what i still haven't used it at the but i talked with lama mcqueen in your school because you believe about get hope, all right from what you will be with you a follow up on a wild life. but here for pretty weaker lia. from what i showed for documents that i've been through with them. ah

ah, is the earth still large enough to satisfy the ambitions of jeff bezos? you know, it's got its tentacles in so many aspects of the economy. there's nothing that amazon isn't trying to get into to step by step. the amazon empire has extended its group on the world that walks like a duck and quacks like a dog gets a dog. so amazon looks like monopoly trades like a monopoly makes money like monopoly behaves like monopoly. amazon essentially controls the market place. it's not really a market, it's a private arena, a wild where a single our economy is loose,

the world according to amazon. ah, welcome back. the federal reserve has finally issued its white paper on the pros and cons of us back digital currency. this long awaited move now opened the door for debate over the issue. while the central bank did not issue an opinion either for or against is a digital dollar, the 40 page document does explore a plethora of issues and notes that public comment will be solicited. and joining us now to discuss our boom bust and trip to analyst christy i and ben swan, christy, let's start with you here. can you give us a breakdown of what issues this white paper explore shy, it basically provided a very detailed analysis into the many benefits of a, c, d. c, such as the speeding up the electronic payment system and digitizing financial payments . and it will also speed up getting things like stimulus payments out to people

quickly when needed and also providing financial services to the i'm banked. however, some of the downside issues in the report highlighted the finance of stability risks, the privacy protection or lack thereof. and the challenges of guarding against fraud and other legal issues. so it goes on to say that a cdc would fundamentally change the structure of the u. s. financial system and the roles and responsibility of the private sector and the central bank. because most likely private banks would become sort of this hybrid entity operating to help distribute and circulate and maintain the flow of a cdc. and if that were the case, then banks would actually worry that it would eat into their deposit base. so that paper then had a checklist of 22 different items, soliciting public feedback, or pros and cons, basically asking if they missed anything. so as paper comes as central banks around the world, most notably that people's bank of china moved ahead with their own digital currency. so the pressure is mounting for the fed to make a move as do not fall behind. and now ben you been saying for ever on this show

that they're absolutely will be a us back digital dollar. is it safe to assume that you were wrong? isn't good papers, the boards i believe. yeah, so, so rule number one is i'm never wrong. will number 2 is lucky, there's no question they're going to do this. i love the fact that the federal reserve big put this, i'll write a white paper saying, let's find out what the public thinks. now you're not finding out what the public things you know what the public thinks, and here's what you know, you know, the crypto currencies are overtaking the us dollar, not in terms of power and might, but in terms of interest in circulation, you know, there's an entire generation and now 2 generations of people who come along, who much prefer crypto currencies, over the us dollar, the only relics that are holding on to the dollar or those who are in power in terms of government positions, the federal reserve bank itself and then the banking institutions that exist, so christy just said is very important. understand that when there is not it,

but when there is a u. s. digital dollar that comes along, the banks will suddenly have to become more like an exchange, as opposed to the banking system that we have today. and the banks don't want that . so what they're going to try to do is car about as best they can ways to make the digital dollar fit their system rather than changing their system to, to fit a digital dollar. but the bottom line here guys is that it is, it is definitely going to happen. we are definitely headed that way because the digital system is a better system. there are a lot of problems with it. we can talk about that, but it is a better system overall and, and a quick example of that is the swift banking system. the fact the big coin has already rendered the swift banking system for international exchange and international deposits. a rendered it a relic. and so now every bank in the world is trying to move to crypto to settle deposits, as opposed to swift. it just proves it's better technology and we will get there. and christy, we know what the central bank is saying. the pros are, but in your opinion, are there real pros the us for doing their own digital currency for anyone other

than the government? well, exactly. it depends on who you're asking that question to the people are those actually in power? because i believe the downsides are greater than the benefits because there are some benefits, like real benefits include as bands that fast payment transactions and people get their stimulus in time or their unemployment tech faster. and there's a greater financial inclusion and all of that. and so i guess that it's also we can say that it's safer because it's more difficult to hijack a c d c account than the potential on a cash robbery. and there's also ways the argument that a centralized model is able to react faster and control potential volatility and draw downs and like crashes versus a decentralized model that would just basically let the market ride. but those are basically the same benefits that already exist in cryptography. so crypt cut the banks, the and bank kupta already has the super fast transactions speed and it's also very safe if people protect their private keys. so seem easy is basically just

piggybacking off of all these benefits of the regular cut, the current, the only the big quite. but with more of the drawbacks such as the lack of privacy, the lack of security. and most of all the lack of control as you're basically handling handing all of your financial freedom away to the centralized authority. so no, all the real benefits will all end up benefiting the central authority. not the actual people. as shocking that the central bank would be in favor of a currency that gives it more control than we've got about 30 seconds left when it comes to some of those concerns. what we say are the biggest ones for when americans do get that digital dollar. yeah, i think the biggest concern is the fact that, you know, in a cash society government doesn't completely control you. right? because you have access to money and you can obviously keep it outside of the banking system. you still have it under a digital dollar system. you won't have that kind of control. so we've seen over the last 2 years, government indicating and mandating all kinds of rules on people's lives. when you

add a monetary factor to that, where government could then say, but if you don't comply with what we want, we can drain your bank account, or we can just take your money from you, or we can freeze your access to all money because all money is digital that becomes a problem. so right now there's a private system and a peer to peer system that exists in crypto currency. if you get rid of that and government controls all money digitally, that could be very problematic in a free society. certainly a lot of daycare, boom bust, benson and christie. i think you both for your insight and sticking with block chain these days, the co founder of read it is now predicting that one being 90 percent of gamers will be playing block chain based play to earn games. alexi as a honey in like many tech entrepreneurs has turned his focus to projects in the crypto world. though, during an appearance on the where it happens podcast, predicted, quote, in 5 years you will actually value your time properly. and instead of being harvested for advertisements or being police for dollars to buy stupid hammers you

don't actually own. you will be playing some on chain equivalent game. that will be just as fun, but you'll actually earned value in you will be the harvester. so what is the future of these types of games? well, the discuss. let's bring in use fans right in the ide, author and adjunct professor and why use stern school with a focus in the business of video games. you thought the pleasure to have you on the program before we get to your thoughts on actually what he's saying here. what exactly are these play to earn game and how big are they right now? right, it's the next question of plato or games on types of games that use logic technology . non refundable tokens to put players in a position where they can turn and own assets in the game and so played. it really comes down to you purchase into the game, you buy 2 assets, you upgrade that level them up to gain play and then ultimately, you know, you're able to exchange it for tokens for digital currency or you can trade them

off together. and so in the process, you could actually generate incomplete file. it's like a fascinating technology that it seems in some ways like it'll catch on. but i mean, what do you make of that prediction? is there any way that the overwhelming majority of gamers will step away from legacy games and turn to play to earn games instead? guys, nuts. i mean 90 percent. i don't think that's gonna happen by a stretch. if you know, if that was going to happen, and then we would have seen the same thing with free to play with mobile game. certainly, you know, i mean, and i'm sure we'll, we'll get to this point. but this week alone, the last 2 weeks alone, we've cds, massive acquisitions of the game space. and it has everything to do with the incredible amount of, you know, cultural cloud and social capital that you see. and again, space consul, pc mobile or equally, you're doing well. so it's not like there's some kind of resentment or salience demand going on. blushing gaming, when i last assisted in september or october last year, it really came down to about like 3 to 5000000 active players. compare to,

you know, a 1000000000 or so in the other category. so it's, it's really just a drop in the bucket. the idea in 5 years 90 percent of people only play games that would make them digital money. i think it's average isn't the toner off? absolutely, i mean i, i think as, as a game or myself, i tend to look at games as yes. i mean, i would love if i could make money while i play games that be fantastic, but the reality is i do it so it's not work. and i don't know how many times i played a game where you're not gaining any actual currency, but you will. this is more of a babysitting job. actual fun game. there's a lot of that out there. now you alluded to that we heard a lot about microsoft nearly $70000000000.00 deal to buy activation blizzard this week with everything going on from controversy surrounding activation to microsoft, watching that library to make to bolster their libraries. but there's also a lot of talk about how this is a play into the metaphors. what does the future of gaming met averse actually look like. and we're jumping a lot of technology at the same time here, right. and so,

but i think the question is very pertinent to where we have block change of crypto . we have the metaphors and we have all these acquisitions in the middle. and how does it all connect? in a sequel we're seeing as right before the introduction of a new platform before we have new technology ready as a disruptive effect on the rest of what we do in society. whether that's for fun or for money. you start to see a lot of these consolidation efforts. so microsoft requires activision for $70000000000.00, of course to expand its i p library to give its catalog, sort of a boost and be to convince people to sign up for services like game pass. you know, it is a lay up into the game into the emitter verse, at least if you fall in such an adela's reasoning by saying look at some point you going to take your export gamer tag and you're going to go across different services in the microsoft ecosystem, so whether it applies to crypto currency or block chain or the metaphors, what's exciting to me is a scholar that economic is to really look at. it's an a gaming that entry point into all these technologies, right? this is how people average people make sense of all this new fangled glitzy stuff.

and like how does it make, how does that make sense in my life in my day to day? and i see that that's something that often goes off, looked overlooked with microsoft as really puts a firmer group on that situation as early now we've got about 30 seconds left. i know you said that in a lot of ways gaming can kind of be that entry way into the metaphors. do you think gamers really catching on and embracing the metaphors in the future? that i think that most gamers period, they're kind of skeptical the bit of verse it's sort of laughed out of the room by lot of people out of the virtual room perhaps. and it's because so often doing we've already had this for decades. but multiplayer online games, things like 2nd live bullet warcraft places in a virtual sitting where you can come together and not just play, but also have meaningful social interaction. but that's, you know, brought romantic nature. there's been marriages in online class for decades, or just having a good time. you're going on a quest that's been around so it feels a little bit like, you know, all these big companies are just finally waking up to something beef known for

years. absolutely, and i've said earlier on the shower, it seems like matter versus the buzzword you spent. right. and thank you so much for your time today. i was a pleasure. thank you. and that's it for this time you get boba's on portable t v find it at portable dot tv. will see you next then. mm hm. oh

join me every thursday on the alex salmon. sure. i'll be speaking to guess on the world politics sport business. i'm show business, i'll see you then. mm. as inflation increases, the stories, the rhetoric, the explanations, the justifications will get more and more bizarre because there's nothing in the, in the playbook for mainstream media to explain in place. because they've been told for 20 years now that there is no inflation, that there's only deflation, and they need to keep printing money to stop the of the possibility of, of, of a deflationary spiral. yes me,

i do leave me read the news that will i, lisa typical. there is only 9 but already a diversity students that a new modest appointment. let's see. yep. you got the dish doors to deal with a yahoo especially make them come no recalls with them now brochure of course with level you're special, but i will the yeah my but i say the 3rd grade and of course the certified that was to get on the she was and you might be getting this i'm dealing with nope, to call with soon lose with his teacher was reason is

balise. we'll come on. 6 down a useful meeting with a candid exchange of opinions at a critical moment that is how the russian and u. s. foreign policy chiefs described their talk to geneva, which come amid rising mentioned over ukraine and nato expansion. we recently notified congress of our intent to deliver and 17 helicopters, white house and now says it's sending military helicopters to ukraine just hours after de escalation talks with russia, other nato members are also wrapping up weapons supplies with the school through a couple of random pages. to be sure, none of the provisions.