After the 2008 housing crisis, let me tell you; we won’t be missing banks that much

@MegaKojo99

3 жыл бұрын

Lol

@MegaKojo99

3 жыл бұрын

They got bailed out and carried on getting fat checks the next year. The working man payed their bill for the next 10 years

@andypratt98

3 жыл бұрын

😂😂😂

@Guerrilla727

3 жыл бұрын

@@MegaKojo99 Just like the corporate covid bailouts

@fazethijs6943

3 жыл бұрын

Those who are to blame for the 2008 global financial crisis are the investment banks, subprime mortgage, incompetent regulators (SEC and comptroller of the currency) and wreckless real estate investors. Not your normal consumer bank

Lowest cost and fastest settlement will win. Banks taking 3 days to transfer money via ACH will bleed out.

@AndrewBouchierUK

3 жыл бұрын

it's also about smart money this is why ethereum is worth almost $4,000 per coin

@ytoh6408

3 жыл бұрын

@@AndrewBouchierUK gate-crashing kidding hellholes McCune

@AndrewBouchierUK

3 жыл бұрын

​@@ytoh6408 English please

@miguelberetta7887

3 жыл бұрын

You can do so via wire or apps like cashapp and venmo. The transaction costs of crypto are still too high

@Donesse

3 жыл бұрын

Bonfire and Saturna token bout blow past doge and safemoon 🔥 and Raptor token 🚀 They will be the new Facebook this is the cycle we are in. Thank me later!!!

Today it's not about return ON capital. Today it is about return OF capital.

@pallabdey4438

3 жыл бұрын

deep meaning comments. so true!

A new form of banks will emerge with new technology and services. Regulation will determine how it happens. The banks might change but aren’t going anywhere. Control over currency will always exist.

@user-ud1gh2ss2x

3 жыл бұрын

W•H•A•T•S•A•P•P +•1•8•0•1•6•9•5•4•0•4•8 I•n•v•e•s•t•inC•r•y•p••t•o B•T•CA•N•D •E•T•H.....!!!!!!

@CoronadeDeus

2 жыл бұрын

Control over over currency will evanesce in deafening roar of History as power will forever struggle and money is just just a tool of it. Spread your eggs in various baskets, my best advice.

@Syne111

Жыл бұрын

You're missing the point. Cryptocurrency is regulation and code is law. No need for gov or banks or centralized power sinks. Any of that defeats the entire purpose.

I won't miss the bank when they're gone. No need to bail them out anymore.

@alexander15551

3 жыл бұрын

It’s easy to hate on banks but, they do provide an important function to society... by evaluating which business and personal endeavors are worth lending money to via evaluating their ability to pay back the loan. Lending money to too few people or too many people creates inefficiency in the lending market

@snafu1635

3 жыл бұрын

@@alexander15551 Ok fed.

@Alphaproximita

3 жыл бұрын

@@alexander15551 Right... like SPACS and “institutional investors.”

@raymondanielson8438

3 жыл бұрын

@@alexander15551 Banks were originally used to launder gold learn your history pal.

@matthewbentley1236

3 жыл бұрын

@@alexander15551 and yet the current richest and fastest growing companies tend to recieve no funding from banks, if banks want to survive they'll have to change as they're clearly not suited to the modern world.

No mention of decentralized finance and how banks could possibly be replaced by smart contract decentralized applications?

@saberking6684

3 жыл бұрын

They have no idea how eth and ada will destroy them

@nakedwzrd

3 жыл бұрын

they haven't gotten that far yet or how to use a DEX

@AshiStarshade

3 жыл бұрын

They precluded it by describing elastic money supplies. That pretty much has to be centralized, unless the elasticity decisions were also decentralized.

@GDKLockout

3 жыл бұрын

Thats because they dont understand whats happening. Its like when the car was invented and people couldnt understand how they would replace horses.

@hvr8463

3 жыл бұрын

@@saberking6684 They have no idea how will destroy them

Every day of my life I always regret selling my bitcoins 8yrs ago. See how much its worth now.

@jackrodney9629

3 жыл бұрын

You have to be calm No one ever knew it would get this high.

@claytonfaile7199

3 жыл бұрын

True you have a point.

@clancybrown754

3 жыл бұрын

Crypto is the future, trading crypto has become a lucrative way of making money

@claytonfaile7199

3 жыл бұрын

@@clancybrown754 Do you trade by yourself?

@TamLe-nj7sr

3 жыл бұрын

If I had known would have exchanged my wife for bitcoins

My concern with CBDC is the government deciding you have done something wrong in their eyes and freezing all your assets.

@PeopleHealthTru

Жыл бұрын

Like the IRS or satanic divorce judges?

@edd2184

Жыл бұрын

That is 100% going to happen you protest against a political party, you say something you shouldn't have said online, bought too much beer or cigarettes. Privacy and autonomy will be out the door. They are going to be two digital dollars one for regular folks like you and I. Another for high net worth individuals and corporations. If this is not a front page out of a dystopian nightmare I don't know what is.

@user-hp9eg3gf6s

Жыл бұрын

In Greece if you owe money to the government your Commercial bank assets will be sized and your accounts frozen without any Human intervention, it's just software commanding banks to do so. Governments would have the same level of control they have now with CBDC. If a government wants they can order Commercial banks to do whatever with your money in them at the moment. This video is just propaganda for the useless banks that just charge fees and interest for providing nothing.

@tanimmohaiminul4157

Жыл бұрын

@@edd2184 WEF predicted about 2030 You will own nothing but u will be happy.I think u know that.

@mariwillalwaysgivethanks

Жыл бұрын

Oh! AND THEY WILL!!!

The future is decentralised

@newcoc4105

3 жыл бұрын

No it is not. How mnay regiments does decentralized have?

@c.kainoabugado7935

3 жыл бұрын

@@newcoc4105 lol 😆 reply is with the past 🤣

@thatn_ggajandro3197

3 жыл бұрын

Let’s go! Hopefully you’re right!

@patjustpat5014

3 жыл бұрын

Absolutely comrade!!! And on public ledger, under surveillance, so we can control what everyone does and thinks!! You deserve many social credits!! The future will be decentralized, run by algorithms written by a pre-pubescent 80lb kid, run by 30yr old man children who think they are wiser than history. Welcome to the USSA!

@generalmartok3990

3 жыл бұрын

@@patjustpat5014 How many MREs do you have in your basement?

I'ld rather make thousands of dollars per week investing in the forex market with the help of a seasoned broker. It has been my best source of income for the past 4 years. Easiest and stress free way to make passive income online. 😊😊

@georgebixby8800

3 жыл бұрын

Most people claim forex trading is the most profitable investment online, but I dont really know how to go about this lol.

@edmundcornelius7815

3 жыл бұрын

I wanted to trade forex but got discouraged by the fluctuations in price!

@aubreyminer7123

3 жыл бұрын

@@georgebixby8800 Get an account manager for a start. You can make a lot of money while trying to master the skillset.The best way to go in my opinion.

@annagarlin7130

3 жыл бұрын

The best strategies don’t even matter much without investing with an expert or signing up for mentorship. Trading without an expert or mentorship blows your entire account off

@spenceralan853

3 жыл бұрын

Hi Yovanna, who do you trade with please? I want to make a lot of money from trading.

On a much larger scale, this is like the introduction of Napster and the like to the music industry. The paradigm completely changed, and the music industry was forced to keep up with consumers demands.

@prebableco3576

2 жыл бұрын

What a great comment!

We need to keep cash if we want to keep our freedoms. Period.

They have not benefitted savers for an entire generation

@Deloowix

3 жыл бұрын

Tbh savers don't really do much for the economy. Morally, why should savers be rewarded instead of the investors that spur the technology revolution?

@ibzyc7036

3 жыл бұрын

@@Deloowix Banks use your deposits to make loans and charge interest on it, I might aswell lend the money myself and get the return, what purpose does the bank now serve? Just another middleman sector, before you say it looks after your money, 2008 was due to bad lending practices and it was me the tax payer who foot the bill the wankers, sorry bankers.

@nasaboy2950

3 жыл бұрын

Facts, with interest rates so low I don't keep much money in the bank anymore. Not letting them use it to their advantage during these times.

@hjooy

3 жыл бұрын

@@ibzyc7036 please look the video again. Banks do NOT loan your deposit to others; loans are created out of nothing.

@hjooy

3 жыл бұрын

@@nasaboy2950 that is exactly what they want you to do...

Banks brought this on themselves

@anthonyrobinson5532

3 жыл бұрын

How

@Thapanirmal

3 жыл бұрын

Refering to 2009 crash? Lol

@JAWZMUZIK1

3 жыл бұрын

Right

@ThoseWhoHeedTheCall

3 жыл бұрын

Absolutely.

@t.xaviersalgado4106

3 жыл бұрын

@@anthonyrobinson5532 in many countries they made digital transactions harder, and they actively blocked development, instead of making life easier for their population. governments are also to blame since they imposed strict rules to these transactions. now, probably they'll lose it all...

Crypto, defi, peer to peer lending fix all those problems. We won't need banks.

@holdbitcoin1448

3 жыл бұрын

We won't need governments either

I think you completely missed the potential of decentralized digital currencies by focusing your piece on government issued and thus centrally controlled digital currencies

@cameronmason4452

3 жыл бұрын

On purpose, they are invested in crypto failure

@GregBert87

3 жыл бұрын

Exactly. I have no interest in acquiring government sponsored digital currency.

@puvididdle

3 жыл бұрын

yup i was thinking the same. All the 'problems' they've mentioned in the video could potentially be solved by decentralized banking. In fact if a government adopt decentralized banking, they are investing in the trust of the people. We will know that they are on the side of fairness and equality. with smart contracts and governance, we know that there could potentially be no corruption that could take place.

@puvididdle

3 жыл бұрын

also thinking why not the government just collect gas fees from all transactions instead. I know it sounds far fetched but, just a possibility

@deborahblackmore7895

3 жыл бұрын

You completely underestimate state power they will bankrupt people speculating in dogecoins to teach people a valuable lesson about where power rests then we'll get surveillance money and there won't be anything we can do about it.

No, but the banks will finally learn their place when it comes to people's money. POWER TO THE PEOPLE! DO NOT BE AFRAID OF CHANGE.

@chandel_rajputbundelkhand8490

3 жыл бұрын

Banks are the biggest frauds ever committed on us....they took the power to govs...now crypto will give it back to the people.

@capitaldude7119

3 жыл бұрын

That is quite naive. The bank will always beat you through the LAWS. The most certain way of protecting your money are assets. And great tax attorneys & accountants.

@chandel_rajputbundelkhand8490

3 жыл бұрын

@@capitaldude7119 no one can beat machines in laws ...atleast humans cant ....so crypto be unbeatable

@capitaldude7119

3 жыл бұрын

@@chandel_rajputbundelkhand8490 Yes, perhaps no one can beat machines with laws, but all we need are humans (the Government) to pass regulations and tough laws, to push crypto against a wall and thereby, pushing people to "beat" crypto.... to beat the machines.

@jaredr9554

3 жыл бұрын

Laws already exist to prevent wrong doings and in time the way things run will become better. The banks have no more power the sooner you realize the better off humanity will be.

I used to take one course "Money and Banking" for a semester in 1970s, which is essentially covered by this 10 minutes video and more (digital money).

@Q_QQ_Q

3 жыл бұрын

cool

@michaelkavanagh5947

3 жыл бұрын

Crypto is not digital money.

@generalmartok3990

3 жыл бұрын

@@michaelkavanagh5947 He didn't mention crypto. The topic of this video literally is digital money.

@oscarosullivan4513

3 жыл бұрын

@uncle scam But government issued money

@oscarosullivan4513

3 жыл бұрын

@uncle scam Explain

Mrs Olivia is 💯% legit and her method works like magic I keep on earning every single week with her new strategy

@clarabella452

3 жыл бұрын

Wow I' m just shock someone mentioned expert Mrs Olivia I thought I' m the only one trading with her

@clarabella452

3 жыл бұрын

She helped me recover what I lost trying to trade my self

@alexanderlogan6815

3 жыл бұрын

I think she is the best broker I ever seen

@alexanderlogan6815

3 жыл бұрын

I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Olivia

@joecross9021

3 жыл бұрын

Yes I' m also a living testimony of expert Mrs Olivia

banks have been ripping off their customers for centuries. time for a change

Wow, I'm impressed how you were able to spin fractional reserve banking to sound like something positive!

@carlmannhard8051

3 жыл бұрын

What are you talking about? It is positive. Without fractional reserves the banks could lend out as much as they wanted and the velocity of money would whip the economy out of control, as they have every bubble and crash before it was implemented.

@klompb

3 жыл бұрын

@@carlmannhard8051 Fractional reserve banking is exactly how they lend out as much as they like. Are you trolling or just unclear on the concept?

@ghstdata6223

3 жыл бұрын

@@carlmannhard8051 banks 🤢🤮

@carlmannhard8051

3 жыл бұрын

@@klompb No, you are wrong. Fractional reserve banking was implemented to prevent the banks from lending out all the money they oversee. If a bank couldn't lend out any more money than was actually in the bank vaults, then our economies would grow much, much slower. Don't be rude and wrong at the same time. Pick one.

@Anil-gt2kn

3 жыл бұрын

@@klompb NO system is perfect but Fractional Reserve is still better. So Carl is correct. However, You do sound like a GOLD BUG People!!!!

Perfect concept for a total surveillance states.

@jvnd2785

3 жыл бұрын

Absolutely. That's the reason for this video, btw. They have to sell the idea of crypto to the masses, not just the selected few who already "own" crypto (it's just an illusion, they really don't own it). Meanwhile, banks and corporations are rubbing their hands and laughing at the gullible plebs who think BTC and other "alternative" currencies are going to mean much in the future.

@jvnd2785

3 жыл бұрын

@@Grutto, do you have a constructive argument or is this just a hissy fit?

@littledovecitydust

3 жыл бұрын

Crypto is the only thing you can physically own.

@klompb

3 жыл бұрын

@@jvnd2785 also, how do you not own your crypto when you store them offline in a cold storage wallet?

@twelveahalf1093

3 жыл бұрын

@@Grutto you do own it. You can buy a ledger and store it in there. Safest and best way

*Rich people plays the money game to win.* *Poor people plays the money to not lose.* *The goal of the truly rich people is to have massive wealth and the poor sees a surplus as an opportunity for consumption instead of investing it.* *change your mindset and do what the rich does,* *which is investing,* *investing and investing.*

@samuelteddy.439

3 жыл бұрын

That's true.

@samuelteddy.439

3 жыл бұрын

Cryptocurrency is a gamble. But everyone should be investing on.

@tonymonin5580

3 жыл бұрын

Everyone knows cryptocurrency is a gamble majorly for the extremely rich.

@tonymonin5580

3 жыл бұрын

But anyone who is not investlng now is missing a tremendous opportunity.

@inociase8132

3 жыл бұрын

Yes. It's better to take risk and make sacrifices than to remain poor or settle for less..

HEALTH IS YOUR WEALTH CRYPTO IS YOUR FREEDOM

"you might just miss banks if they were gone" is an interesting end seeing as I didn't hear any positives to the banking industry being in control. decentralized finance and the yields it brings will blow the old rickety roofs off of traditional banks and credit unions. they have been way too comfortable making millions and giving back pennies.

@altrazh7194

3 жыл бұрын

exactly, who even gonna miss the bank? we all use bank because it was needed and the only choice in the past. Not to mention in the developing country, 80% of the population are "unbankable", the banks there are just a glorified payment services, they are raking the profit without giving actual value to the community. Decentralized Finance is the future.

@oscarosullivan4513

3 жыл бұрын

Whats wrong with credit unions.

@GDBOYFilms

3 жыл бұрын

@@oscarosullivan4513 nothing inherently wrong with them, better than banks usually. just not an innovative vehicle like defi and what is coming in the next 5 years

@Syne111

Жыл бұрын

@@GDBOYFilms well said

The only thing I will miss about banks is the higher salary they pay compared to other companies

@Swede.from.Boston

Жыл бұрын

After the 2008 housing crises, let me tell you, we won’t be missing banks that much.

My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I'm constantly up

@shirlenepetramale4609

2 жыл бұрын

wow that's very nice Please how can i be able to reach out to your broker, my income stream is in a mess.pls

@shirlenepetramale4609

2 жыл бұрын

Pls how I can get in touch with this Expert Jane?

@shirlenepetramale4609

2 жыл бұрын

@Bernard Wayne Thanks for his info I'll contact her right away☺️

@estherjack6027

2 жыл бұрын

I've never seen someone as perfect as Mrs Jane she knows how to analyze trade, and with her strategies she has earned me €16,835 in 18 days of working with her

@rusielisabeth3884

2 жыл бұрын

@Kelvin Rodriquez Amazing, I also just started trading with Jane, she is the best at what she does... with an initial investment of $1500 I made up to $5830 in just a few weeks of trading with her and everything is moving smoothly thanks to her

Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.

@sheryliris4774

7 ай бұрын

You're absolutely correct! If you find a reliable broker or account manager who can assist you with trades or provide signals, it can greatly increase your chances of profiting in the market. It's all about finding someone trustworthy and skilled to guide you through the process.

@TERRALESA

7 ай бұрын

That's amazing! When I made my initial investment with Expert Mrs. Naomi, I also saw a profit of over $4,000 US dollars. Since then, she has consistently delivered excellent results, and I can confidently say that she is the most trustworthy broker I've come across. Her sincerity and reliability are truly remarkable.

@PennyPascal

7 ай бұрын

My first investment with her Expert Mrs Naomi gave me profit of over $4,000 Us dollars and ever since then she has never failed to deliver and I can even say she is the most sincere broker I have known

@ALLYSONEve-nm1pb

7 ай бұрын

That's incredible! Mrs. Naomi is not only an exceptional broker but also a lucrative one. It's amazing I just bought myself a dream Mercedes with the profit i made last week, all thanks to her expertise. She truly knows how to make trading profitable and help people achieve their dreams. Congratulations on my new car! 🚗

@nankaichang727

7 ай бұрын

I totally understand where you're coming from! Personally, I'm not here to speak on her behalf, but I can definitely testify based on what I'm sure of. From my own experience, she has proven to be trustworthy and the best option I have ever seen. It's truly amazing to have someone like her in our course.

I don't think we have to explain why having a Centralized Banking system where everyone just holds digital dollars at the Central Bank is a bad idea right?

@Aesahaetr

Жыл бұрын

The Central banks and government control over everyone money is sinister. They could program anything into it. The people of the world would rebel against them.

@mariwillalwaysgivethanks

Жыл бұрын

right!!!

@Stacksats21Qunitillion

Жыл бұрын

You are right only in world where common sense is common.

@charnpetersen7664

Жыл бұрын

If they control technology, they control everything

DEFI

@Estado_Alterado

3 жыл бұрын

@Favour Nelson scammer

@pa659

3 жыл бұрын

DeFi is at risk of our governments trying to ban it

@walton836

3 жыл бұрын

@@pa659 u cant ....?........

@jakepaulwar

3 жыл бұрын

@@pa659 won’t happen

@pa659

3 жыл бұрын

​@@jakepaulwarYou are right a ban is unlikely but heavy regulations are likely to happen. Not all Defi project are 100% decentralized yet. Meaning there is possibility for the governments to dig up proof from faulty smart contracts, code, etc

Investment are stepping stones for success. Waiting for the government to provide is a big waste

@larissaeckardt1391

3 жыл бұрын

The right choice of investment has always been a big problem for me because I know that picking up the wrong investment will leave a big scar in the future...

Digital currency gives the "state" full control of our money. The "state" will know where and how much we spend every cent and can confiscate all or part of our money at any time!

@sesetio338

2 жыл бұрын

Peer to peer payment system through BTC and other alt coins.

@FatRonaldo1

2 жыл бұрын

99% of all money is already digital deposits which the government can view or seize at any time if they really want to

@Garybell09

2 жыл бұрын

@@FatRonaldo1 Lots of people still use cash & they should continue to do so.

@FatRonaldo1

2 жыл бұрын

@@Garybell09 I’m not suggesting anyone stop using cash, I’m saying that the OPs fear is already a reality

@Garybell09

2 жыл бұрын

@@FatRonaldo1 It’s not tho a lot of people only really operate with cash Sure some cash may go in the bank but it’s not the same they can go spend it on what they want & the government don’t know.

What she is saying is terrifying and for some reason they have happy childish music.

@rogermellie1624

3 жыл бұрын

Yes, total slavery with all of your financial transactions tracked by the Government and the CBDC account able to be 'programmed'

@oscarosullivan4513

3 жыл бұрын

I agree

@josephbrennan370

3 жыл бұрын

That's the economist for you.

@BenShutUp

3 жыл бұрын

Ha, these economists could use some soft skills training.

@jonniecandito181

3 жыл бұрын

What she is saying isn't terrifying. The status quo is terrifying.

Could? Absolutely certain they will! CBDC's will remove the need for any 'high street bank' and could well undermine the State and Government, perhaps even democracy itself as we know it. But do not get confused with digital currencies that are centralised and those that are de-centralised. One allows a Government and/or Central Bank to track every single dime you spend for the rest of your life - the other, completely anonymous. And to be clear - I would miss banks like a hole in my head.

@ricardodelacrvz1400

Жыл бұрын

crypto currencies dont concede loans. just another populist ideology. banks are more safer than ever. and they are open to government supervision in terms of tax regulation. you just have to be careful about what kind of products they are selling you and see their annual rating.

@8:20 The last thing I would want is a direct relationship with a Central Bank.

@WassupBruddah

3 жыл бұрын

Lol. That's not possible. Banks will own crypto and we all will be f*cked. You really think people will be free to do transaction without banks??? 😂😂

The question being between the recessions every 20 years or so, how stable is your current financial system??

@alexjones1738

3 жыл бұрын

Far more stable than any other period

@IsAcRafT

3 жыл бұрын

​@@alexjones1738 so long as your government is competent and trustworthy enough and that's not even guaranteed for all situations.

Why was there almost no focus on crypto currency when this is a large and growing market and technology, poised to change the game?

@seanregehr4921

3 жыл бұрын

It will never last as is. The reason is simple, the quantum computers they are attempting to create will make all forms of encryption obsolete. This erases all the current security standards and models. The fact is crypto currency has only been battle tested against technology that is already widely available publicly. Perhaps they do their own in house testing, but that is very limited and hardly a guarantee of security.

@cieh3452

3 жыл бұрын

@@seanregehr4921although that's a great concern, but I don't think we are going to see powerful quantum computers rolling out anytime soon

@jerryassan4638

3 жыл бұрын

@@seanregehr4921 also that only works for pow cryptos

@alissonmatarazzo9038

3 жыл бұрын

@@seanregehr4921 doesnt work for proof of stake tech like cardano. Fool.

@usejasiri

2 жыл бұрын

@@seanregehr4921 haha, Cardano and Algorand already are quantum proof, and many other blockchains are moving there

Decentralise our financial system!

You forgot to mention your owner's took us off the gold standard and that's the reason for the "IOU" non backed cash.

@benyameenyitzhak1036

3 жыл бұрын

Which is completely demonic and evil. Our currency is based on the whims of unelected, uncontrolled and unknown group of people

While I enjoyed this piece, I feel it missed a key aspect of the emerging digital currency market: non-state run, decentralized system or systems. To me, this has the greatest potential to both disrupt, shift power, and put control into the hands of everyday people. Failing to mention this creates a false narrative about future possibilities and risks or risk mitigation.

@user-ud1gh2ss2x

3 жыл бұрын

W•H•A•T•S•A•P•P +•1•8•0•1•6•9•5•4•0•4•8 I•n•v•e•s•t•inC•r•y•p••t•o B•T•CA•N•D •E•T•H.....!!!!!!

@gabriellaarango9100

3 жыл бұрын

Absolutely , this video presentation left out a big piece,!!! If she is so well informed why was it left out ???

@fwd105

2 жыл бұрын

What happens the day people wake up and crypto whales have exited the market, who will people turn to, the government? There's lots more to the financial system than the buzzword of decentralisation.

@abhyudaychakraborty3818

2 жыл бұрын

You know what central banks arent idoits that they control the money supply in a country, if there is more money supply than the economy is able to produce you'd face inflation. what about price stability? is your crypto stable enough to hold value in long run? what about tax evasion? i don't see how you expect people to use a volatile asset class as money.

@yawnyarko6471

2 жыл бұрын

@@fwd105 And what if whales don't leave because there is more adoption?

The FBI looking at this comments section: 👀

@UPdan

3 жыл бұрын

End the Fed and the fbi.

No, I will not miss them. At all. Bye bye centralized finance. 👋🏼

@levelup1279

3 жыл бұрын

Pick your crypto wisely, I would stick with someone like Monero for daily payments which protects your privacy.

@armadillito

3 жыл бұрын

This was all about how finance might be about to become entirely centralized by national banks' digital currencies...

@chandel_rajputbundelkhand8490

3 жыл бұрын

Banks are biggest fraud institutions created ever...crypto gives power back into the hands of people

I HAVE ATTRACTED SO MUCH LOSSES TRADING ON MY OWN, I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED. CAN ANYONE HELP ME OUT ATLEAST TELK ME WHAT IM DOING WRONG.

@hernandezgagne5103

2 жыл бұрын

Same here, my portfolio has been down the drain while I try trading, I don't just know what I did wrong.

@utahtadi4079

2 жыл бұрын

@Vanessa Clark Wow!!! I'm just shocked you mentioned and recommended Expert Cathie wood. I taught I'm the only one trading with her.

@utahtadi4079

2 жыл бұрын

@Vanessa Clark I stumbled upon one of her clients testimonies and decided to try her out....I'm expecting my third cashout in 2days.

@yahtowapi8279

2 жыл бұрын

@@utahtadi4079 Here in Canada Mrs Cathie wood carries out the best orientation and mentorship. Mrs Cathie Wood is indeed a forex mentor. With my first investment of $ 700 I got a Rio of $35000 in a week.

@stuffelturli7215

2 жыл бұрын

@@utahtadi4079 please how do i get in touch with Mrs Cathie wood

I got liquidate twice today incase you think futures trading is as easy as traders post about it. The risk involved is too high and some time SL won't work.

@joanachostagian4052

3 жыл бұрын

It's funny if you didn't set signals you might get liquidated before you even go and close the market lol that hurts.

@lindseycarey6163

3 жыл бұрын

Long term is the goal. The entire cypto market is going through a phase and it's time for many person to buy cheap but as expected some who bought bitcion at $60,000 will sell off now at loss for $39,000 and then rebuy when it's back to $65,000. Understand the market cycle Guys!!! That's what my advisor always say.

@fernandogael2953

3 жыл бұрын

@@lindseycarey6163 who is your advisor? if you don't mind me asking i have met lots of professional claiming to what they are not.

@davidbryant4488

3 жыл бұрын

The market does not care about your feelings. it can give you money or give you lasting pain. Trade like a soldier.

@lindseycarey6163

3 жыл бұрын

@@fernandogael2953 Mrs Vanessa Clark that's her name.

i wish the media stop picturing crypto banking relation as cars vs horse carriages .. why not think of them as tv and radio ? complement each other as mass communication tool

@rbd5868

3 жыл бұрын

This video doesn't talk about crypto lol, it's about digital CENTRALIZED money

@subrotoxing8214

3 жыл бұрын

@@rbd5868 @Rbd lol obviously you are easy to fall for smart PR.. It is like you are believing facebook saying help facebook free of charge instead of seeing that as a threat.. Allow us to track or pay the price..this video is an ad do not let banks fail.. Use banks.. Not "others" else you face dramatic consequences like privacy etc. Not addressing crypto is smart but implied.. You do not want to directly go against the momentum... I.e doge ^^

@swojnowski453

3 жыл бұрын

tv and radio do not complement each other. You do not use both at the same time do you? Or you listen to tv with one ear and radio with the other?

@subrotoxing8214

3 жыл бұрын

@@swojnowski453 in the 90s i listen to radio when i am in the car and i watch tv at home.. They both have their uses..

@ABESW0RLD

3 жыл бұрын

​@@subrotoxing8214 the tv is a substitute to the radio. You even said it yourself, you substitute the radio for the tv at home... All substitutes have their uses...

Lol I work for a commercial bank’s trust department looks like I’ll be out of a job if I don’t move out fast. Many of our trusts are being transferred and beneficiaries are pulling their money out to spend!

@elvispresley5313

3 жыл бұрын

Probably buying gold and silver and pirate chain & monero

Perhaps most important to ask, will the digital currency be under a central authority, or will it be decentralized? What are the advantages/disadvantages to each?

@seanregehr4921

3 жыл бұрын

Decentralized means ZERO/NO ACCOUNTABILITY! This is a recipe for disaster. Central is a problem only when there is no transparency/accountability. This means a centralized bank system can and will work only if full transparency and accountability is established and sustained. The banks used to be solid like this many generations ago now. Then they made the banks private and cut off both transparency and accountability seemingly over night. They did wait a while before implementing their own private interests however, so many people never connected the two. Essentially they waited long enough for people to forget and get caught up with other seemingly more important decisions.

@BadDictator

3 жыл бұрын

If it will be under some central authority, won't it be the same as central banks? The government could still look into your records that way?

@kotgc7987

3 жыл бұрын

@@seanregehr4921 Decentralised still identifies the money's general account via coin exchanges. Individual payments are autonomous via blockchain and free of control/manipulation. Taxes will provide states revenue for military, education and health.

@2snipe1

3 жыл бұрын

@@seanregehr4921 Thats not what I've heard decentralized means. I've heard it means you own your money. The code, blockchain transparently states who owes who what, and accountability is on the safeguarding of this information. There is no way to hack blockchain with a working and fast quantum super computer. While quantum computers exist, the speed they need won't legitimately won't be around for the next 100 years. The best anybody can do is redirect the funds, but even this change can be tracked. I'm not sure how you see defi can decrease accountability. But I'm open to discussion!

@justintie

3 жыл бұрын

The pseudo elites want to control it. We shouldn't let them.

With the current increase in the market I see Cryptocurrency as ultimately becoming a reserve currency for banks , playing much the same role as gold did in the early days of banking . Banks could issue digital cash with greater anonymity and lighter weight , more efficient transactions

@youpeng8410

3 жыл бұрын

If it hadn't been with the help of my broker Mr. Nicholas James whom I can't thank enough , I would have completely given up on the crypto market after loosing so much money

@evelynbobby7236

3 жыл бұрын

Oh I'm a bit surprised to know you work with him , I just received my ROI into my wallet through one of her platforms and I am pretty impressed by his strategies

@wilsonjames731

3 жыл бұрын

wow!! you invest with Mr. Nicholas too ? I never knew he was much of an experienced trader , been on him telegrm for a while now but was skeptical , guess I'll have to check him out again because I'm frustrated having to lose money , I need a trusted broker with experience

@kristianrathbone1985

3 жыл бұрын

Is there a link to him platform or how can I get in contact with him ? I'd love to diversify and try out new investments

@youpeng8410

3 жыл бұрын

you can easily get to him on tele gram

As if governments don't already see all our transactions 😒

@Halesnaxlors

3 жыл бұрын

Lol yeah. Any digital transaction is already traceable by the government, in addition to the banks themselves, who can do what they want with that data.

How did you only mention crypto once in an 11 minute video about the future of finance?

@cassienorwood5635

3 жыл бұрын

Right!? I thought that was what it was going to be about lol Especially when it was 11 mins of "but you'll make the banks sad"

This is a Nice video.... So inspiring but do anyone knows about expert Mrs Lisa. Mrs Lisa is legit and her method works like magic I keep on earning every single week with her new strategy,,

@muhammadhassana5366

3 жыл бұрын

Who's this professional everyone is talking about I always see her post on top comment on every KZread video I watched

@muhammadhassana5366

3 жыл бұрын

I think I am interested how can get in touch with Mrs Lisa

@edwardsimon7877

3 жыл бұрын

@Maurice dala Seeking for her contact details👇

@edwardsimon7877

3 жыл бұрын

@Maurice dala Tell her I referred you 👆

@ademideprince4795

3 жыл бұрын

Wow I' m just shock someone mentioned expert Mrs Lisa I thought I' m the only one trading with her

Can we really call money from reserve banks "government" money if most of them are said to be independent?

@Guizambaldi

2 жыл бұрын

Independent from the government, but still part of the State, just like courts are.

Physical fading to digital appears to be the trend for a lot of aspects of shopping and finance these days. With online shopping, home working, and digital services, the need for a physical presence anywhere seems to be lesser each year.

@crezeljanefulltimemomvlog4779

7 ай бұрын

3:52

Whatever direction the economy is heading, banks will find ways to capitalize on . Period

Here in Vancouver ...I can tell you that banks here are closing branches and moving online. No banks won't go out of business as long as they keep evolving and adapting . No doubt this is disruption like Tesla or airbnb

@Syne111

Жыл бұрын

It's not just physical branches that aren't needed. Banks themselves will be gone.

The best way to invest now is to invest in your knowledge of the financial markets, the rest is really up to your decision making

@beniaminobiancotutooniente

3 жыл бұрын

I tried taking a trading course in my early years in medical college, it did not turn out so well, eventually I caught up, truth is it takes time and a lot of rare youthful patience to follow through the process, but if you really want to get the ground running then you'd be needing some external help, had to seek some for myself after a while, and that was where my motivation came from.

@dalilaohb86

3 жыл бұрын

The motivation to learn is just auto charged once someone else starts helping you to earn, spread some of my funds with some traders after I unsuccessfully tried to learn, Elton Stephens was the most notable, tried signing up for his mentorship course then but I was too late and it was pretty expensive

@jackie-gp3xl

3 жыл бұрын

Undoubtedly speaking Elton Stephens is the best trader I have know so far. I'm not really cut up for giving accolades but I must commend his efforts. I invested $6,500 and he made profit of $29,000 in space of 15working days. Indeed there really is more to this than the eyes sees sometimes.

@kelliewilliams9608

3 жыл бұрын

@@jackie-gp3xl No one is doubting your judgment about the said Stephens Elton, but the truth is People are scared of investing because of high rate of scammers in the market, but of a truth there are scammers and there are genuine traders.

@gennywilly2933

3 жыл бұрын

The point is not all who claims to know really do too. I have made lots of mistakes before I got to know Stephens the young millionaire 👍

Banks brought it upon themselves. Now, more people are getting to know Cash is thrash and is designed to fail. 3 best and surprisingly easy ways to double/hold your funds in 2021 instead of banks; Real Estates, Gold, who can guess the 3rd?

@randolphwagner7658

3 жыл бұрын

Has to be stock trading!!! Made my first million through it earlier this year as a newbie after I met a professional from a reputable firm... Retiring by next year with absolutely no fears!!

@roynorris7682

3 жыл бұрын

@@randolphwagner7658 Thats really impressive. Have tried doing that on my own without any luck for sometime now. Who is this professional you worked with please

@randolphwagner7658

3 жыл бұрын

@@roynorris7682 "Martha Elizabeth Linsley", she was in the news when she revived Grumac company in 2018. You can look her up on the web to get more on her!

@sonyawashington1022

3 жыл бұрын

@@randolphwagner7658 Wow I know this pretty little lady. Met her once at a fundraiser in Dallas. Great speaker.

@tommybaldwin5360

3 жыл бұрын

Stripping? Go fund me? Only fans?

Considering that defi has started to gain traction, you can create token usd and those tokens are starting to get accepted worldwide in a huge p2p and in person networks. All those tech giants still rely on an underlying undisclosed bank, defi does not.

I love how the banks classify a debt as an asset on the balance sheet. The old saying " never be a lender or borrower", that's still relevant today.

@user-ud1gh2ss2x

3 жыл бұрын

W•H•A•T•S•A•P•P +•1•8•0•1•6•9•5•4•0•4•8 I•n•v•e•s•t•inC•r•y•p••t•o B•T•CA•N•D •E•T•H.....!!!!!!

@moneyobsessed

3 жыл бұрын

your loan is an asset to the lender

@CutleryChips

3 жыл бұрын

Think of owning a house. It’s an asset that can fetch you a rent income. Similarly, banks earn interest on loans they give out, so it’s an asset. Meanwhile all the deposits will be classified as liabilities, because banks need to pay the interest. A house may suddenly get destroyed (maybe due to earthquake) and you lose all its value. Similarly, the person the bank loaned to may be unable to return it. Hence theres certainly risk involved in owning assets.

OF COURSE!!! GOVERNMENT'S AROUND THE WORLD... WILL LOSE TRILLIONS OF DOLLAR'S IF THEY TRY TO GO DIGITAL. KEEP IT "CASH" IF YOU WANT TO PROSPER!!!

Monero is fun for the whole family

@jcdentonunatco

3 жыл бұрын

Monero is a centralized currency so it won't work as a real digital currency

@nathanashley2693

3 жыл бұрын

It’s also one of the least traceable cryptos no one wants their kids to get busted buying narcotics.

@oscarosullivan4513

3 жыл бұрын

@@nathanashley2693 Thats the problem

You are too nice with banks. You are not explaining about Seignorage revenue realized by the private banks on money they created from thin air.

@hjooy

3 жыл бұрын

Don't understand your comment; they so explain this.

@huckleberryfinn6578

3 жыл бұрын

This is called fractional reserve and was already explained at the beginning of the video.

Note quite: the goldsmiths gave customers a receipt for gold (or silver) left to be made into jewelry, or left for safekeeping. These receipts traded as money, an IOU backed by gold or silver. Alternatively, trading companies bought and sold commodities for clients. Sometimes the clients asked them to make/ collect payments by use of acceptances.

@user-ud1gh2ss2x

3 жыл бұрын

W•H•A•T•S•A•P•P +•1•8•0•1•6•9•5•4•0•4•8 I•n•v•e•s•t•inC•r•y•p••t•o B•T•CA•N•D •E•T•H.....!!!!!!

I don’t know what is scarier, digital currencies or the responses to this video?

@GDKLockout

3 жыл бұрын

Its the banks you should be scared of. Cyrpto is our saviour.

@JeffreyNavarrete1

3 жыл бұрын

How are the responses scary, would you please elaborate thanks

@LEA82345

3 жыл бұрын

@@GDKLockout Crypto idiot bot and its deluded preprogrammed response...

@GDKLockout

3 жыл бұрын

@@LEA82345 lol, do you even know what a blockchain is? Do you even understand fiat currency and the effect of printing cash digitally? Do you even k ow what inflation is and the effect of printing 9 trillion dollars last year? When you cant even dream of owning a house and your wages dont cover your rent, you might start gwtting with the times. Coz right now you sound like the idiot who thought the car wouldnt compete with a horse. Or that the internet was a fashion trend. If nothing else will convince you, consider that i can can already pay for my grocery shopping with paypal. And paypal transactions are now conducted on the ethereum chain. Meaning i just bought my food using crypto, without needing dollars at all.

@davide56

3 жыл бұрын

The bots trying to sell you crypto investors and the constant barrage of crypto drones are just an attempt to make people fall into FOMO, inflating the prices of coins to make quick pump and dumps. CBDCs aren't like that, and they are already being prototyped in various places. You don't have anything to worry unless you work in a bank or hate cheaper fees when transferring money, and even then, whatever bank less future some people envision wont come for a while(decades) if it even happens as they do still have a large sway in the world politically, as owners of large real physical assets and the employer of millions of people across the globe.

Banksters are like parasites, and the digital currency is a curse. There is no equilibrium when you add time and movement.

The first half of the video is truly the life saver for a college student like me who is currently struggling with Macroeconomics！！

I prefer Decentralized Finance (DEFI) instead of traditional banking system. Where else you can get %15 return on USD?

@alpslumberjack667

3 жыл бұрын

Also -45% in a return.

@Emrico35

3 жыл бұрын

@@alpslumberjack667 Nah. Not possible with stablecoins..

@user-gz4ve8mw9l

2 жыл бұрын

@@alpslumberjack667 You only lose if you realize that capital loss. Simple don't sell unless it goes back up.

First thing first I can't miss them...now lets continue :-)

@axin4672

2 жыл бұрын

My friend, what do you think differently

Early saving and investing money creates compound growth, It's a beautiful thing. But it takes focus and discipline. You need to be focused enough to commit to a plan and a process.

@ernestorizzo3350

3 жыл бұрын

It's all about mindset, believing that you can, believing that success is available to you. Regardless of where you grew up or where you went to school.

@leonmarkjovic6354

3 жыл бұрын

Saving is hard enough, investing and reaping rewards successfully seems to be even harder.

@charlenemullennex7492

3 жыл бұрын

Diversify your portfolio, don't put all your eggs in one basket. It's too risky.

@sarniapeters3184

3 жыл бұрын

People talk about investing and reaping rewards like it's a ride to the park and back. Nobody actually tells you how difficult it can be to find a trustworthy and consistent investment.

@Philipjude551

3 жыл бұрын

@@sarniapeters3184 Yeah you're right. Something that doesn't eventually come crashing down.

Hello, I'm new to forex trade And have been making huge losses but I recently see a lot of people earning from it. Can someone please tell me what I'm doing wrong

@brooksrodriguez3628

3 жыл бұрын

All you need now is a professional broker else you gonna continue blowing of your account.

@jenifferraw8492

3 жыл бұрын

@@brooksrodriguez3628 You're right sir, Thanks for introducing me to Mrs Natalie

@wolfgangklaus3530

3 жыл бұрын

People are scared of investing because of the high rate of scam in the business

@joachimanke7073

3 жыл бұрын

@@wolfgangklaus3530 There are scammers but real brokers are out there for investors

@wolframfred9456

3 жыл бұрын

My first investment with Mrs Natalie gave me profit of over $12,000 Us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known

The banks can't get a part of small businesses, but they can from zombie corporations. I can see clearly what is happening. Thank you!

Idk if this comment section is full of bots or what

@balucse019

3 жыл бұрын

It is full of bots.

@hjooy

3 жыл бұрын

Bot Jrxv34 Bot x another Bot and yeah, that's also a bot

@acchaladka

3 жыл бұрын

It’s annoying, because one of the real values of yt is in the comments section, when it’s working.

@Ureallydontknow

3 жыл бұрын

Full of bots just like the journalists

It's great..... already in Kenya we are used to mobile money and it's twice as big as all banks here combined

@GDKLockout

3 жыл бұрын

You should look at Cardano. If all of africa is the first to adopt crypto as their main currency, we will move into a new age of Africa leadong the world. You have all the metals needed for computing already.

I FEEL LIKE THE HODLING SEASON IS OVER, I'M TRYING TO GET INTO TRADING AS A ROOKIE, BUT I'VE HAD SO MUCH LOSS TRYING TO TRADE ON MY OWN, PLEASE WHAT STRATEGIES DO I NEED TO EARN PROFITS FROM THE MARKET?

@jackyrookie5474

2 жыл бұрын

Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade

@ricketsaaalv2979

2 жыл бұрын

I will advice you should stop trading on your own if you keep losing and start trading with Mrs Laura Morgan trading services

@davidmolly545

2 жыл бұрын

I lost £1200 carelessly trading on a platform then I was referred to Mrs Laura Morgan she recovered the loss and made an extra profit of £4600

@scotjerkins5713

2 жыл бұрын

Wow I'm just shock you mentioned and recommended Expert Mrs Laura I thought I'm the only trading with her

@carlosbryan1109

2 жыл бұрын

@@scotjerkins5713 You don't need to be shock because I'm also a huge beneficiary of expert Mrs Laura

Science and technology will always. Blockchain is newer and fractional reserve banking is outdated. Crypto will launch to another level when people learn that banks are just a middle man and humans dont need a bank for transactions. ELIMINATE THE MIDDLE MAN AND GIVE POWER TO THE PEOPLE. The only thing saving fiat is the government forcing it to be legal tender in your country.

In Russia you don't choose your currency, your currency chooses you

@oscarosullivan4513

3 жыл бұрын

Dead meme

@danrayson

3 жыл бұрын

@@oscarosullivan4513 Dead meme

Great video, thank you. The speaker needs a pro microphone, such as the Yeti, or lapel mike. The speaker's sound is not of decent quality.

@Shaker626

3 жыл бұрын

Yeti is not a pro mic...more like an SM-7B.

Where can I find the special report she refers to by the end of the video?

Decentralized servers, no cyber warfare. Proof of work, proof of stake, proof of space

CRYPTOCURRENCIES AND DIGITAL CURRENCIES ARE TWO TOTALLY DIFFERENT THINGS!!!

@Cyber_Jar23

3 жыл бұрын

They intersect.

@mihaiciubotaru6149

3 жыл бұрын

@@Cyber_Jar23 in the simple minds..The cryptos are a colossal Ponzi scheme...at global level..

this video has been due for years

I still onlyu use hard cash. That way I get many discounts, and I don't see why the banks should get a slice of the pie with every transaction. But its really the discounts from many stores - at least equal to what they have to pay the banks when we use interact.

@straingerr

3 жыл бұрын

thats why its important to ask for that discount at every store every time you pay with cash, otherwise you will stil pay the cards commissions and finance credit card rewards for those who use them.

Another factor to consider in this equation is DeFi. Instead of traditional banks lending, average people can lend their money out and gain interest on it using a decentralized protocol like Compound. This kind of thing could put more money into average people's wallets, a new avenue of passive income for people not satisfied with the super low interest rates on their savings accounts.

You clearly need a mix of both...

@oscarosullivan4513

3 жыл бұрын

Thank you

@josephbrennan370

3 жыл бұрын

@@oscarosullivan4513 this guy is commenting on every comment on this video lol.

Is a very nice review from the bank keeping up to there daily tax smiles. I would really love to ask my fellow citizens isn’t it time we stop pilling-up money, and start making money out of your own money? YEAH I know a lot will ask in what way can they make money out of there own money. Hmmmmm Very easy!!!!!!!! LETS TAKE A PEN AND A PAPPER TO MY DISCUSSION WHERE I WILL EXPLORE BY GIVING YOU A LIFE TIME OPPORTUNITY WITH JUST THREE MAJOR AIM.

Remember when we were all forced to bail out the banks in the last financial crash?

Monero!!

@user-ud1gh2ss2x

3 жыл бұрын

W•H•A•T•S•A•P•P +•1•8•0•1•6•9•5•4•0•4•8 I•n•v•e•s•t•inC•r•y•p••t•o B•T•CA•N•D •E•T•H.....!!!!!!

Absolutely. The design of western CBDCs is dreadful; effectively bypassing the need for a banking infrastructure. First, the small banks will go bust, then the larger ones until we reach Sovietization of the economy. In contrast, the Chinese CBDC is designed to utilise the banking sector as a means of growth. Oh and fractional reserve banking has been disproved by Professor Werner. Social credit system and complete control is the plan!

@toukka4

2 жыл бұрын

Yeah right...

Since the size of cryptocurrency investments and transactions can be characterized as small relative to other assets, It is not seen as an immediate risk or even threat for financial institutions or monetary stability.

@elizabethdonna7443

3 жыл бұрын

You’re correct. More so, cryptocurrencies are been bought from the crypto market with live currencies. Though one tends to earn money because of the volatility of the crypto market.

@baldureike3411

3 жыл бұрын

Hello 👋... I’ve heard so much about cryptocurrency and I’d love to invest in it. How do I go about that?

@benjaminhuth2206

3 жыл бұрын

@@baldureike3411 You ought to have knowledge about the market before investing in it. You require professional guidance too. I’d recommend you invest alongside RYAN HANS. He would instruct you on how the market flows.

@maliakoa3297

3 жыл бұрын

@@baldureike3411 You require professional mentorship from an expert. Most people tend to make couple of L’s in the market, because they fail to learn.

@maliakoa3297

3 жыл бұрын

@@benjaminhuth2206 True.. Ryan is an experienced broker. He has spent decades studying the market so well. His strategies are very effective and he has integrity.

Certainly! Crypto poses an existential threat to the central banking system. Compared to fiat, it’s better in terms of faster transactions, lower fees and security. As a retailer I’ve also taken a big step to launch crypto payments in my business and have opened a merchant account with Capital wallet. Really proud of this decision of accepting cryptos in my business.

@kellikelli4413

Жыл бұрын

Crypto is the precursor the govts CBDC (but with no freedom). Crypto was allegedly set up by the 'powers that shouldn't be' to get useful idiots used to NO CASH... And you all fell for it.

You can go shopping if they allow you to, basically..... that is exactly too much control.

Business: I am selling money, you can buy as much as you like. We have made it slightly stable by making it hard to sell anything but small amounts, unless you are a player. (Think of it as interest on laundering drug money). Not sure if other businesses will see profit in selling money...

Here is a crazy Idea: Stop relying on monetary policy, act through meaningful fiscal policy and do your job of managing the economy via real policy and not numbershifting (aka monetary poicy)

"governments control your ability to where and where not to spend your money" hummmmmm I wonder where I've heard that before???? OFAC office of foreign assets control

Change is always tough, but this kind of change is unprecedented... so it’s going to be really interesting to see how this plays out. Of course politicians and laws will play a huge role here!

@Syne111

Жыл бұрын

No need for those. Code is law! And politicians are centralized

A video about the comparative environmental impact of cryptocurrency’s compared to physical money would be interesting.

@lunasinger2735

3 жыл бұрын

Have you heard about Bill Gates's patent for a device that uses a person's body energy to mine for cryptocurrency? The patent was granted 3/26/2020. Scary times we're in. Neurolink, DARPA chip, and this-- pure dystopia. I guess they want to find a use for us when the Fourth Industrial Revolution renders us, in the words of a member of the World Economic Forum, "useless."

@oscarosullivan4513

3 жыл бұрын

@@lunasinger2735 I agree

@cryptoanup6153

3 жыл бұрын

Thanks for watching, Endeavor to write as soon as possible for more enlightenment

@Syne111

Жыл бұрын

Especially after the Eth merge that nobody is talking about

Short answer: Yes.

One thing though is privacy coins. Which this video did not address which will minimize government control.

I was very surprised by the fundamental error in the film where it states that commercial banks create money. Commercial banks take idle money from depositors and lend it to people who wish to put it into projects or personal consumption. For every amount lent there must be the same amount deposited or invested with the bank. Only Central Banks can create money without having an equivalent counterpart value in deposit. And this only those countries with a fiat currency, i.e. one without gold or other value backing.

@criskoll8914

2 жыл бұрын

Banks can create money and charge interest.

Love the images of old computer technology - how did we ever manage!

@gdsheppa2968

3 жыл бұрын

My favourite clip was "So what the heck is Napster?"

@oscarosullivan4513

3 жыл бұрын

@@gdsheppa2968 A formerly illegal music website

@stevenpadilla4294

3 жыл бұрын

Id ride that hottub time machine back to 1970 any day.