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London Real

‣ The banking system is EVIL! Inflation robs you from your money - Carl Runefelt

London Real

Brian Rose

Investing, Cardano, Crypto, Bitcoin, Brianrose, Ethereum, Londonreal, Technology, Cryptocurrency, Business, Defi

4.41.9K Ratings

🗓️ 2 June 2022

⏱️ 5 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

Carl, you mentioned fiat currency there and crypto.

0:04.4

I've seen things you've done in the past and I think you have, I'm guessing, 98, 99%

0:09.6

of your wealth in crypto, which is quite a statement that you make.

0:15.7

Can you talk about why you keep all your assets in crypto and what your thoughts are on fiat

0:19.8

currency, the dollar, the euro, anything that you might have had in the past and where

0:25.7

you think it's going?

0:28.2

Okay, so first of all, let's talk about inflation first because inflation is absolutely

0:34.5

skyrocketing right now.

0:37.1

And this is something I've been talking about honestly for seven, eight years now,

0:41.9

way before I went into Bitcoin, way before, even before I went into the supermarket,

0:47.6

I've been researching the monetary system because I have been very interested in how that

0:52.8

works.

0:54.8

I think many of your viewers probably all are to know this, but the banking system is

0:58.8

very corrupt.

1:00.0

The banking system is a very evil system.

1:03.9

It's a legalized Ponzi scheme and inflation robs you from your money because inflation

1:12.6

is theft.

1:14.6

Every single new dollar printed or every new pound printed just steals the purchasing

1:19.4

power of all the other units in circulation.

1:22.4

So if you hold your dollars in an account, you're getting robbed every single minute, every

1:29.2

single new dollar that gets printed is another theft of your wealth.

1:33.4

And that said, Bitcoin prevents that from happening because there's a finite supply, 21 million

...

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