4.9 • 4.2K Ratings
🗓️ 23 February 2022
⏱️ 45 minutes
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0:00.0 | Okay, we're going to talk about Russia and Ukraine in just a second, but first this is kind of |
0:04.0 | coincidental, kind of funny that yesterday we were talking about modern monetary theory and |
0:08.2 | cryptocurrency and today this was literally the headline. The headline is the United Kingdom |
0:14.1 | is actually proving my point. So when we were talking about cryptocurrency yesterday, I was saying |
0:17.6 | obviously governments like the United States government, especially under the Biden administration, |
0:21.2 | don't like cryptocurrency because it gives people an alternative currency that's not issued by the |
0:25.7 | US government. A currency that's issued by the US government or any government, the government |
0:30.2 | has some sort of control of and I said that's why we should absolutely reject a digital currency |
0:36.3 | issued by the US Fed. We don't want a government run cryptocurrency that defeats the purpose of |
0:41.4 | competing essentially with the government issued paper currency. The US dollar, well in the UK |
0:46.8 | right now there's a headline about a debate that's happening in Britain about whether a possible |
0:54.2 | state sponsored cryptocurrency, they too have not formally introduced one. They're just talking |
0:58.3 | about it. Whether it should be programmed, now what does this mean programmed? Programmed means |
1:03.0 | exactly what we were talking about yesterday that the government might decide, well with this |
1:07.6 | central bank digital currency is what they're calling it in Britain, with this central bank digital |
1:11.5 | currency, the government could decide what you're allowed to purchase. They could prohibit you for |
1:16.4 | purchasing certain items. They could earmark this cryptocurrency to allow you to only purchase certain |
1:22.7 | items of certain prices or all kinds of possibilities. I mean this could be as much as age related, |
1:29.4 | this could be, I guess this could be political related. This is an entire apparatus of control |
1:35.7 | from that's being debated. It's not law yet because it's not a thing yet in the UK. It's just |
1:40.4 | funny because we discussed this in a hypothetical sense yesterday and then today we're seeing it |
1:44.2 | in real life. We're seeing that this is having, this is very, very important for conservatives to |
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