4.8 • 786 Ratings
🗓️ 11 August 2020
⏱️ 20 minutes
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0:00.0 | Joshua Lai, for his part, had sort of prophesied this. |
0:04.0 | In an op-ed in the New York Times at the end of May, he wrote, |
0:07.5 | I have always thought I might one day be sent to jail for my publications |
0:10.9 | or for my calls for democracy in Hong Kong. |
0:13.7 | But for a few tweets, and because they are said to threaten the national security of |
0:17.8 | mighty China, that's a new one, even for me. |
0:21.9 | Welcome back to The Breakdown with me, NLW. |
0:26.1 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
0:32.0 | The breakdown is sponsored by crypto.com, Bitstamp, and nexo.io, and produced and distributed by CoinDesk. |
0:41.9 | What's going on, guys? It is Monday, August 10th, and today we are going to look at the latest |
0:48.8 | in the world's most contentious and important business relationship. That is, of course, the relationship between |
0:56.3 | the U.S. and China. There has been a huge number of new developments over just the last week or so, |
1:01.9 | so we're going to look at all of that. First, however, let's do the brief. First up on the brief today, |
1:07.4 | it is not just me who thinks that we are on the verge of a new bull run. |
1:12.4 | Grayscale has launched a new national ad promoting their products around digital assets. |
1:18.5 | The new national campaign is being run on CNBC, MSNBC, Fox and Fox Business, and features |
1:26.0 | this 30-second spot. |
1:28.1 | Before money, people traded goods, tools, cattle, brain, even shells represented value. |
1:35.3 | Then currency came along. |
1:36.9 | They made it out of copper, gold, silver, wampum. |
1:40.6 | Soon people decided to put all that value into a piece of paper. |
1:45.2 | Then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed a buck to the future. |
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