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[121.730,125.832] ID165 male with their main bank their reserve bank.
[125.832,127.720] ID165 male right every, every government.
[127.720,133.657] ID165 male uhm, has their reserve bank and finance. You differently know something about that.
[138.050,139.839] ID165 male alright so.
[140.240,141.687] ID165 male and this bank.
[141.980,146.080] ID165 male used to issue money, used to print money.
[146.300,153.968] ID165 male but then, the amount of money printing should always be equal to the amount of gold or silver.
[154.190,158.650] ID165 male that's uhm, storage in their reserve bank.
[158.930,159.890] ID165 male I think.
[159.890,164.470] ID165 male ah, America had fort Knox you've ever, have you ever heard of word fort Knox?
[221.201,221.541] 0 none [SYSTEM]
[250.925,251.430] 0 none [SYSTEM]
[277.490,279.149] ID165 male that's a very fair point!
[279.149,279.818] 0 none [SONANT]
[279.818,281.195] ID165 male you mentioned that.
[281.630,283.258] ID165 male and the federal reserve.
[283.610,287.560] ID165 male it's just another manipulator of the global.
[287.720,290.500] ID165 male ah, of like the dollar's value.
[290.690,292.988] ID165 male and so, and you mention that.
[293.160,296.311] ID165 male gold is so outdated like, who needs.
[296.311,300.739] ID165 male gold it's not the medieval times and that's exactly why.
[301.020,305.522] ID165 male cryptocurrency as king to fill in this void because.
[306.150,307.940] ID165 male whenever a country.
[308.280,314.761] ID165 male um when they when they're running low on actual physical notes of currency.
[314.970,317.270] ID165 male that's going into circulation.
[317.640,318.560] ID165 male there.
[318.750,319.820] ID165 male ah the.
[319.980,325.940] ID165 male that currency becomes very valuable because it's about supply and demand.
[326.190,331.310] ID165 male so the demand for this specific currency is very very high.
[331.530,336.170] ID165 male but the supply is very low because there is not so many dollars.
[336.360,338.052] ID165 male that's in circulation.
[338.220,338.930] ID165 male that.
[339.000,345.411] ID165 male other countries or big corporations can take billions of of dollars for instance so.
[345.690,349.711] ID165 male what the federal reserve does if they just print more.
[349.890,351.950] ID165 male right and there's nobody that.
[352.050,355.070] ID165 male keeps an eye on them they just have the right.
[355.320,359.090] ID165 male they just have the right you print more of this this currency.
[359.400,360.211] ID165 male now.
[360.720,362.390] ID165 male the danger with that.
[362.700,364.370] ID165 male is that if they print.
[364.680,366.830] ID165 male too much of this currency.
[367.230,370.100] ID165 male and something that happens in the world.
[370.230,373.040] ID165 male well let's say ah let's say the Middle East.
[373.140,377.600] ID165 male the Middle East has been accepting dollars for so long now.
[377.700,379.610] ID165 male and exchange for oil.
[379.830,382.970] ID165 male so America buys their oil using dollars.
[383.160,383.991] ID165 male so.
[384.180,385.910] ID165 male ah Saudi Arabia.
[386.070,386.990] ID165 male has been.
[387.210,391.670] ID165 male a housing and and and keeping a lot of U S dollars
[394.680,395.210] 0 none [SYSTEM]
[395.550,396.350] ID165 male so.
[396.510,398.450] ID165 male hm what happened was.
[399.030,400.550] ID165 male that now recently.
[400.770,405.740] ID165 male there's been some conflicts between America and Saudi Arabia.
[405.900,409.412] ID165 male regarding know their military action in the zones.
[409.770,412.430] ID165 male and Saudi Arabia say you know what.
[412.590,414.350] ID165 male we want to boycott.
[414.540,416.120] ID165 male the the U S dollar.
[416.280,418.261] ID165 male and we want to start accepting.
[418.410,419.930] ID165 male the R and B.
[420.150,421.010] ID165 male or.
[421.110,425.540] ID165 male cryptocurrency we want a cryptocurrency that back by oil.
[425.790,431.690] ID165 male so the fear is that all of these dollars that been stockpiled.
[431.910,435.140] ID165 male in Saudi Arabia by these Sheikhs.
[435.510,437.450] ID165 male will come rushing back.
[437.700,438.950] ID165 male into the country.
[439.500,440.543] ID165 male and they'll be.
[440.670,447.740] ID165 male two months to many dollars in circulation so there or more supply and demand.
[447.870,448.790] ID165 male therefore.
[509.850,510.964] ID165 male all right zoom.
[511.920,513.770] ID165 male ah it's very true that.
[514.140,521.270] ID165 male the we are living in the second cryptocurrency boom so to speak there's so many different coins.
[521.520,528.140] ID165 male that that came out to different cryptocurrency ah companies you said made to their own coin.
[528.300,531.170] ID165 male Bitcoin is but one version of this.
[531.390,534.200] ID165 male you can look at bitcoin as being.
[534.750,537.560] ID165 male the the money of the internet.
[537.750,539.210] ID165 male but you can look at.
[539.310,542.780] ID165 male ah another coin that's called a theorem.
[543.030,545.180] ID165 male a theorem is like the bank.
[545.610,548.000] ID165 male and the service provider of the internet.
[548.250,549.740] ID165 male so um.
[549.750,555.110] ID165 male a theorem is the bank or the service provider and bitcoin is the digital currency.
[555.240,560.330] ID165 male there are a lot of other digital currencies is out there a different coins.
[560.640,562.430] ID165 male such as companies.
[562.500,567.920] ID165 male that focus on security internet security and they have a coin.
[568.080,568.760] ID165 male so.
[569.036,570.500] ID165 male the ah the stock market.
[662.850,665.690] ID165 male all right so that's a that's a fair point through.
[665.983,672.888] ID165 male through the finance system that we've been, ah, be- become used to and in- indoctrinated into.
[673.146,673.999] ID165 male is that.
[674.149,675.988] ID165 male you need to remember that.
[676.046,683.107] ID165 male these big banks, such as J P Morgan, and the some of the Rothschild's banks that's been here.
[683.108,684.970] ID165 male for hundreds of years now.
[685.268,692.994] ID165 male before we had technology and computers that could do all of these processing, well, uh, jobs.
[693.199,700.160] ID165 male we had to rely on people. so you can look at the whole banking structure, the different branches.
[700.470,703.897] ID165 male everything from the teller to the manager to the.
[704.100,709.190] ID165 male uhm, teller server all these different positions you can look at.
[709.190,709.650] 0 none [SYSTEM]
[709.650,714.637] ID165 male that we're trying to emulate, a a computer mother board.