stream and how pay to earn a games could cement themselves in the community. got a fax that was dive right in the really the program with the state of global market does equities continue to trend down as investors prepare for moves from the u. s. federal reserve, we see the 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 weak display rushes main export in oil hitting 70 or high. the index fell to its lowest level since february of 2021, as geo political 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 cobra cases on friday the cranberry is rapidly spreading. moving to asian markets, the shanghai composite is flat for the week by the most, the week, a positive territory before falling nearly one percent on friday. this week,

basing made moves to lower its key mortgage lending benchmark in an effort to support flowing economy, bring one year loan prime rate up 10 basis points, and it's 5 year rate up 5 basis points with more increases 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 san tech index also saw significant gain thursday of 4 and 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 need a 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 cost of materials are taking

a toll on prices in japan. moving to india, we have. 6 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 in 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 assets 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 dollars 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. economist pulled by writers are predicting a $25.00 basis point increase to 4 percent with 4 total hike anticipated this year . now let's go over to rachel with europe and the americans think it's more the same here as we start in the u. k. where the fuzzy is down, inflation reached 30 year 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 has dropped from negative 15 down to negative 19 nearby. it continues 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 orders,

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 country thoughts economy decreased by point 2 percent in december, sparking concerns that are recession is here. now the bank of america also decreases growth forecasts 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 its 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 rows at its fastest rate in 14 years now, all eyes are on the bank of canada. c with questions surrounding whether it will raise 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 yellen, is now joining president joe biden and putting her support behind the federal reserve to solve the ongoing crisis. in a recent interview, yellen described a pandemic as presenting quote, 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 believe that will do just that . well, inflation remains here, 40 year highs here in the us. the question becomes water. americans turning to as they're chosen that 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's gains over the last year. have really put it in a league of its own. so where do we go from here and are the stock market losses?

we've seen this week and indicator of what's to come with. joining us out of this got to better known as your rich b, f, f on tick tock and instagram. vivian, it's great to have you on the show today. now i know, 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 roll 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 whether 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 the 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 se cider guy stocks like game stop it and am 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 know, 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 has certainly been 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 gamification 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 than 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. so my personal favorite inflation hedges include the good old trusty i bond, it's 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 b f as vivian to thank you so much for your time and insight 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 up to pursue a central bank digital currency. but how does that match up to other central base plan will discuss their break, your, the numbers of clothes. 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 to the pain involved to become absolutely excruciating. but nobody lean finger on you. you are doing it to yourself. and we started adopting those techniques when i was stationed in mosul. among them were stress, possession, sleep deprivation. inducing hypothermia. there's already beginning to be evidence that these old techniques are now being used on immigrant and children, whatever you do in war comes home. nobody has been held accountable for the torture

that happened in the past and the moral authority, the made america leader sacrifice for the shimmer of effective interrogation with there may oh yeah, we should all be may or may, we should all be angry because of what's going on right,

you can understand united states history and the role that slavery play is already very formal institution. by the time united states became a nation, it actually to find the nation. the rise of capitalism is clearly on the backs of slate and the slave down investigated lynchings to any great extent. can't believe that the country and country still stands in brick. i'm from the south. everybody know know what they're signify. to some extent, i would argue that we're still fighting the civil war and the south is winning with

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 bus cost and for jo analysts, christy i, and ben swan, christy, let's start with you here. can you give us a breakdown of what issues this white paper explores shy, it basically provided a very detailed analysis into the many benefits of the cdc, 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 bank. however, some of the downside issues in the report highlighted the financial stability risk,

the privacy protection, or lack thereof. and the challenges of guarding against fraud and other legal issues. so it goes on to say that cbc 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. so listing 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?

there's isn't good papers, the board said yeah, so, so rule number one is i'm never wrong. will number 2 is located, there is no question they're going to do this. i love the fact that the federal reserve bank put this out, right? 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 u. s. 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 have come along, who much prefer crypto currencies, over the us dollar. the only relics that are holding on to the dollar are 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 us 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 change. 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 its 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 u. s. forwarding their own digital currency for anyone other than the government? well, exactly. it depends on who you're asking that question to the people or those actually empower because i believe the downsides are greater than the benefits

because there are some benefits, like real benefits include as bends that faster payment transactions and people get their stimulus in time or their unemployment checks 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 icbc account, then the potential of a cash robbery. and there, it's also with the argument that a centralized model is able to react faster and control potential volatility and draw downs and avoid crashes versus a decentralized model that would just basically let the market ride. but those are basically the same benefits that already exist in crypto currency. so crypto crypto banks, the i'm bank crypto already has these super fast transactions speed and it's also very safe if people protect their private keys. so cdc is basically just piggybacking off of all these benefits of the regular cut, the current theory, the big why. 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 the 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 that 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 train 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 exist 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 bus bent on and christy, i think you vote for your insight and sticking with block chain these days, the co founder of read it is now predicting that one day 90 percent of gamers will be playing block chain based play to earn game, alexia, so hot in like many tech entrepreneurs has turned his focus to projects in the crypto world. so during an appearance on the where it happens podcast, he predicted, quote, in 5 years, you will actually value your time properly. and instead of being harvested for advertisement 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 and you will be the harvester. so what is the

future of these types of games? well, the discuss, let's bring in your friends right in the ide, author and adjunct professor and why use stern school with a focus in the business of video games. you thought was a 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 games and how big are they right now? right next to the question of plato or games are the types of games that use blocks of technology non fundable tokens, to put players in a position where they can turn and own assets in the game. and so play to earn really comes down to you purchase into the game, you buy 2 assets, you upgrade them level them up to gain play and then ultimately, you know, you're able to exchange for tokens for digital currency or you can trade them off together and so in the process, you could actually generate incomplete. while it sounds 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 and said guys, nuts, i mean 90 percent? i don't think that's gonna happen by a stretch. if you know, if that was gonna 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 to be see these massive acquisitions of the game space. and it has everything to do with the incredible amount of, you know, cultural cloud, social capital that you see in the game space council, pc mobile or equally, you're doing well. so it's not like there's some kind of resentment or salient debate going on. blushing gaming, when i last assisted in september or october last year, it really came down to about 3 to 5000000 active players compared to, you know, a 1000000000 or so in the other category. so it's, it's really just a drop in a bucket. the idea that in 5 years 90 percent of people only play games that would make them digital money. i think it's average isn't totally wrong. absolutely. i

mean i, i think i've ever gave myself youth. i'd 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've played a game where you're not gaining any actual currency, but you will. this is more of a babysitting job. actual fun game that out there. now you actually 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, wanting 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 suffered, 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 connected?

i think what we're seeing is 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 expend it's i p library to give its catalog sort of a boost and really 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 a delicate reasoning by saying look, at some point you're 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 as a scholar, that economic is to really look at. it's an a gaming, is 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 is really puts a firmer group on that situation as early now we 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 catch an on and embracing the members in the future? i think that most cameras here, they're kind of skeptical the bit of verse it's sort of left out of the room by a 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. whether that's, you know, broad 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 that. so it feels a little bit like, you know, all these big companies are just party waking up to something we've 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 both on portable

t v find it at portable dot tv will see you next that. hm. yes, i will look now. look, we're in fact will you, lisa typical, there is only 9 but already a diversity. students that away m slash a teams and you must appointment. let's see. yep. you got the floss. there's doors to deal with them. he did not then know boucher able to call them but yeah, but that's a little missing. could i pick them up just so the loss of basement is somebody is pointing to younger terms that he make them good no recalls. he will show control such programs. now, bush 19 percent and of course with them will your special but i will the yeah my what i say the 3rd grade, not particularly at the point that wasn't gonna push him was in your mind hitting

this i'm did it was if the double you that it was as much color. i knew it from america group of soon lose with when you move it to him, could you put his teacher over with, ah, yes, you'll media a reflection of reality in the world transformed what will make you feel safer? isolation, whole community, are you going the right way or are you being led to somewhere? direct? what is true? what is great? in the world corrupted, you need to descend. ah. so join us in the depths

or remain in the shallows. a gothic we'll find out what else could i please get a quote man. healy please keep it. going to push and push it. if i heard of it, i just saw my buddy man. somebody from a few minutes ago, but it was 3. see what i still love to sell it at the bar. i booked with loaner vehicle. me and been here for very few believe about what we did get hope. all right, so um what you will be with you know what you just follow up. i know that you coiled like you, but your per offer are pretty weaker. clear from a brush up projects that are in your bill.

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