00:00 Julian
For our viewers, can you explain the so-called trade in the discharge? And and by the way, I have the impression that even we call it the discharge trade, it’s like me using the word fiat, right? It is like these coded words defy that have now made our way in language. I mean, and we say them as if they were not loaded words. I mean, the degraded word is obviously a busy word, but explain to our viewers what is the business of the examiner about.
00:23 President B
I’m so happy that you mentioned Julian. Thank you for calling me. I started using these crypto words that I am uh, you know, maybe it’s new to me and I use them as a tourist. But it was actually like a Swiss private banker who used this word during a meeting with me and that’s where I am uh, you know, I picked it up more recently.
00:41 President B
Look, people are concerned about the strength and domination of the US dollar and you see gold hit 4,000 today for the first time. Gold has been in tears since mid-August. UM I think it’s the same idea that you know, living in US dollars, domination of the US dollar is something that uh, some people, are in danger at the moment. And then what are you doing? Do you know in another Fiat UH or another currency, you know, in a way a sustained currency from the central bank or find another difficult source of money to store your value until you think that the dollar will regain its place as something whose value will be reliable.
01:21 President B
UM the dollar has really not had a year like this in my recent memory and I think that the last two months raise concerns. Thus, people jump into gold and jump into Bitcoin as a means of storing the value of their value and if the dollar continues to weaken or even make a more serious or volatile dive that the value of people will be stored. So, yes, discharge is a fairly strong word. UM and maybe we should not use it lightly and uh, I think there are a lot of discussions in the press on the fact that Bitcoin is the trading trade at the moment, but uh II, look at the price of bitcoin, the denominator is in US dollars, and if I think that the dollars will be lower and Bitcoin simply maintains its value.
