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Yes, last Monday, 70
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Yes, last Monday, 70
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Yes, last Monday, 70
leading economists wrote an open
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leading economists wrote an open
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leading economists wrote an open
letter to the European Parliament urging them to
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letter to the European Parliament urging them to
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letter to the European Parliament urging them to
vote in favor of the digital euro. Still
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vote in favor of the digital euro. Still
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vote in favor of the digital euro. Still
one of the main projects of the
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one of the main projects of the
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one of the main projects of the
European Central Bank. And recently,
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European Central Bank. And recently,
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European Central Bank. And recently,
Christine Legarde confirmed
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Christine Legarde confirmed
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Christine Legarde confirmed
this from the ECB in a recent Christmas message
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this from the ECB in a recent Christmas message
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this from the ECB in a recent Christmas message
. The two big projects that we have
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. The two big projects that we have
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. The two big projects that we have
worked on and continue to work on in 26
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worked on and continue to work on in 26
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worked on and continue to work on in 26
are number one the digital euro. We have
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are number one the digital euro. We have
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are number one the digital euro. We have
completed the cycle of the preparation
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completed the cycle of the preparation
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completed the cycle of the preparation
the governing council has given goad to
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the governing council has given goad to
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the governing council has given goad to
move to the next cycle and now waiting
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move to the next cycle and now waiting
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move to the next cycle and now waiting
for the European Parliament to come up
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for the European Parliament to come up
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for the European Parliament to come up
with final legislation that will go
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with final legislation that will go
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with final legislation that will go
ahead or the pilot phase and then the
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ahead or the pilot phase and then the
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ahead or the pilot phase and then the
launch. Yes.
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launch. Yes.
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launch. Yes.
Uh Lexie, you are a professor of monetary
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Uh Lexie, you are a professor of monetary
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Uh Lexie, you are a professor of monetary
economics and
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economics and
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economics and
also a former director of
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also a former director of
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also a former director of
the Dutch Bank. So you were
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the Dutch Bank. So you were
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the Dutch Bank. So you were
in Els 4 on Monday. So in short, the right
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in Els 4 on Monday. So in short, the right
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in Els 4 on Monday. So in short, the right
person to talk about this.
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person to talk about this.
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person to talk about this.
Um but you disagree with 70
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Um but you disagree with 70
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Um but you disagree with 70
economists. So there we go, eh, digging it
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economists. So there we go, eh, digging it
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economists. So there we go, eh, digging it
out. But first I want to know, will
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out. But first I want to know, will
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out. But first I want to know, will
that digital euro come or not?
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that digital euro come or not?
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that digital euro come or not?
Well, that will be very
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Well, that will be very
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Well, that will be very
exciting, because, as Nagard already
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exciting, because, as Nagard already
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exciting, because, as Nagard already
said, we are now entering the process where
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said, we are now entering the process where
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said, we are now entering the process where
the European Parliament will ultimately have to
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the European Parliament will ultimately have to
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the European Parliament will ultimately have to
approve legislation. Yes.
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approve legislation. Yes.
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to make that pilot and ultimately the launch, which is planned for 2029 or so, possible, right?
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to make that pilot and ultimately the launch, which is planned for 2029 or so, possible, right?
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to make that pilot and ultimately the launch, which is planned for 2029 or so, possible, right?
So uh
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So uh
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So uh
the question: will it come is more of a
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the question: will it come is more of a
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the question: will it come is more of a
question, a kind of predictive question of:
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question, a kind of predictive question of:
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question, a kind of predictive question of:
"Do you think it will go ahead?" Well, there's a
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"Do you think it will go ahead?" Well, there's a
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"Do you think it will go ahead?" Well, there's a
lot of pressure being put on to
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lot of pressure being put on to
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lot of pressure being put on to
get it off the ground.
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get it off the ground.
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get it off the ground.
Strange antics are even made for eh
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Strange antics are even made for eh
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Strange antics are even made for eh
. Not only by these 70
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. Not only by these 70
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. Not only by these 70
economists, but also by the ECB itself, which
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economists, but also by the ECB itself, which
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economists, but also by the ECB itself, which
keeps giving it a different purpose
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keeps giving it a different purpose
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keeps giving it a different purpose
. I think, if you were to tell me now that it will happen,
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. I think, if you were to tell me now that it will happen,
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. I think, if you were to tell me now that it will happen,
I would think something like
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I would think something like
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I would think something like
yes. Yes. Okay
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yes. Yes. Okay
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yes. Yes. Okay
. Well hold that thought. Because, well,
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. Well hold that thought. Because, well,
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. Well hold that thought. Because, well,
last Monday the pressure to
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last Monday the pressure to
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last Monday the pressure to
introduce the digital euro
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introduce the digital euro
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introduce the digital euro
increased. We could read that in the
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increased. We could read that in the
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increased. We could read that in the
NRC. Just look. 70 economists call on
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NRC. Just look. 70 economists call on
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NRC. Just look. 70 economists call on
European Parliament to vote for the digital
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European Parliament to vote for the digital
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European Parliament to vote for the digital
euro. 70 economists, including
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euro. 70 economists, including
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euro. 70 economists, including
several Dutch and the renowned
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several Dutch and the renowned
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several Dutch and the renowned
French inequality economist
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French inequality economist
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French inequality economist
Thomas Pickety, are advocating for a
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Thomas Pickety, are advocating for a
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Thomas Pickety, are advocating for a
full introduction of the digital
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full introduction of the digital
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full introduction of the digital
euro. In an open letter, they call on
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euro. In an open letter, they call on
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euro. In an open letter, they call on
the European Parliament to
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the European Parliament to
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the European Parliament to
resist the financial lobby groups
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resist the financial lobby groups
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resist the financial lobby groups
by giving the green light next spring for
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by giving the green light next spring for
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by giving the green light next spring for
the introduction of the digital version of
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the introduction of the digital version of
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the introduction of the digital version of
public money and not opting for a
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public money and not opting for a
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public money and not opting for a
watered-down version. The letter is an
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watered-down version. The letter is an
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watered-down version. The letter is an
initiative of the
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initiative of the
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initiative of the
Sustainable Financial Lab, founded in the Netherlands.
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Sustainable Financial Lab, founded in the Netherlands.
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Sustainable Financial Lab, founded in the Netherlands.
Finance lab.
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Finance lab.
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Finance lab.
Um yeah, what are these 70 economists
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Um yeah, what are these 70 economists
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Um yeah, what are these 70 economists
worried about?
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worried about?
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worried about?
Well, these are 70 economists with a
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Well, these are 70 economists with a
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Well, these are 70 economists with a
left-wing profile, let me put it this way,
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left-wing profile, let me put it this way,
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left-wing profile, let me put it this way,
who would really like to
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who would really like to
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who would really like to
create a situation in which the money that
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create a situation in which the money that
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create a situation in which the money that
is put into circulation in Europe is
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is put into circulation in Europe is
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is put into circulation in Europe is
entirely provided by the central bank
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entirely provided by the central bank
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entirely provided by the central bank
. So you can no longer
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. So you can no longer
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. So you can no longer
put bank money into circulation,
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put bank money into circulation,
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put bank money into circulation,
but only the central bank. Uh, and they
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but only the central bank. Uh, and they
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but only the central bank. Uh, and they
really want that to happen as quickly as
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really want that to happen as quickly as
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really want that to happen as quickly as
possible. The plans that are
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possible. The plans that are
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possible. The plans that are
currently in place for that digital
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currently in place for that digital
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currently in place for that digital
euro are controversial. So
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euro are controversial. So
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euro are controversial. So
what the European Central Bank has
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what the European Central Bank has
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what the European Central Bank has
done is introduced all sorts of yes moderations
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done is introduced all sorts of yes moderations
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done is introduced all sorts of yes moderations
to alleviate concerns among people who do
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to alleviate concerns among people who do
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to alleviate concerns among people who do
n't want it. And one of the
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n't want it. And one of the
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n't want it. And one of the
things they did was say:
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things they did was say:
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things they did was say:
"Keep that digital euro there, you can't
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"Keep that digital euro there, you can't
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put more than €3000 in such an account." Uh and look, then it does
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put more than €3000 in such an account." Uh and look, then it does
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put more than €3000 in such an account." Uh and look, then it does
n't really work. So
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n't really work. So
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n't really work. So
these economists honestly say that the limit should be
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these economists honestly say that the limit should be
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these economists honestly say that the limit should be
raised.
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raised.
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raised.
should actually have the ability to
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should actually have the ability to
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should actually have the ability to
greatly
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greatly
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greatly
increase that. Uh and uh hey in this in this
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increase that. Uh and uh hey in this in this
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increase that. Uh and uh hey in this in this
letter uh they actually say two or in
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letter uh they actually say two or in
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letter uh they actually say two or in
this call they actually say two
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this call they actually say two
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this call they actually say two
things. So one, they say, those borders have to
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things. So one, they say, those borders have to
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things. So one, they say, those borders have to
go up. What you just said,
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go up. What you just said,
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go up. What you just said,
full implementation, but they're
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full implementation, but they're
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full implementation, but they're
now also calling for, yes, more recently,
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now also calling for, yes, more recently,
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now also calling for, yes, more recently,
the idea that Europe
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the idea that Europe
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the idea that Europe
should be independent, including in its payment
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should be independent, including in its payment
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should be independent, including in its payment
systems, that we shouldn't
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systems, that we shouldn't
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systems, that we shouldn't
be dependent on the
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be dependent on the
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be dependent on the
Americans, and that therefore the digital
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Americans, and that therefore the digital
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Americans, and that therefore the digital
euro would be necessary to
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euro would be necessary to
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euro would be necessary to
ensure that. Well, that's a non-argument,
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ensure that. Well, that's a non-argument,
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ensure that. Well, that's a non-argument,
I say. Okay
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I say. Okay
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I say. Okay
. Yes, because what exactly is that? So it's about,
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. Yes, because what exactly is that? So it's about,
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. Yes, because what exactly is that? So it's about,
uh, they actually want to
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uh, they actually want to
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uh, they actually want to
indicate: we have to break away
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indicate: we have to break away
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indicate: we have to break away
from America a bit.
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from America a bit.
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from America a bit.
Yes,
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Yes,
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Yes,
we are too dependent, so that is why
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we are too dependent, so that is why
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we are too dependent, so that is why
this is also important. Yes.
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this is also important. Yes.
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this is also important. Yes.
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240
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Is a statement. Yes. Yes.
241
00:04:29,790 --> 00:04:29,800
Is a statement. Yes. Yes.
242
00:04:29,800 --> 00:04:32,870
Is a statement. Yes. Yes.
Well, so, and that is, that is, that
243
00:04:32,870 --> 00:04:32,880
Well, so, and that is, that is, that
244
00:04:32,880 --> 00:04:34,909
Well, so, and that is, that is, that
argument probably appeals to
245
00:04:34,909 --> 00:04:34,919
argument probably appeals to
246
00:04:34,919 --> 00:04:37,310
argument probably appeals to
many parliamentarians because, of course, in
247
00:04:37,310 --> 00:04:37,320
many parliamentarians because, of course, in
248
00:04:37,320 --> 00:04:39,870
many parliamentarians because, of course, in
more general terms, we now, yes,
249
00:04:39,870 --> 00:04:39,880
more general terms, we now, yes,
250
00:04:39,880 --> 00:04:41,590
more general terms, we now, yes,
lately we have to say, we are
251
00:04:41,590 --> 00:04:41,600
lately we have to say, we are
252
00:04:41,600 --> 00:04:43,070
lately we have to say, we are
too dependent on
253
00:04:43,070 --> 00:04:43,080
too dependent on
254
00:04:43,080 --> 00:04:46,350
too dependent on
the Americans for defense, and
255
00:04:46,350 --> 00:04:46,360
the Americans for defense, and
256
00:04:46,360 --> 00:04:48,070
the Americans for defense, and
we are now also becoming more and
257
00:04:48,070 --> 00:04:48,080
we are now also becoming more and
258
00:04:48,080 --> 00:04:49,350
we are now also becoming more and
more dependent on the Americans for our energy
259
00:04:49,350 --> 00:04:49,360
more dependent on the Americans for our energy
260
00:04:49,360 --> 00:04:52,390
more dependent on the Americans for our energy
. a Gel [laughter] and so also our
261
00:04:52,390 --> 00:04:52,400
. a Gel [laughter] and so also our
262
00:04:52,400 --> 00:04:54,110
. a Gel [laughter] and so also our
payment system,
263
00:04:54,110 --> 00:04:54,120
payment system,
264
00:04:54,120 --> 00:04:55,550
payment system,
they say we are too dependent on the
265
00:04:55,550 --> 00:04:55,560
they say we are too dependent on the
266
00:04:55,560 --> 00:04:56,670
they say we are too dependent on the
Americans
267
00:04:56,670 --> 00:04:56,680
Americans
268
00:04:56,680 --> 00:04:57,950
Americans
and by inserting such a
269
00:04:57,950 --> 00:04:57,960
and by inserting such a
270
00:04:57,960 --> 00:05:00,350
and by inserting such a
digital euro, we can then, eh yes,
271
00:05:00,350 --> 00:05:00,360
digital euro, we can then, eh yes,
272
00:05:00,360 --> 00:05:01,430
digital euro, we can then, eh yes,
we can do something about that. So uh
273
00:05:01,430 --> 00:05:01,440
we can do something about that. So uh
274
00:05:01,440 --> 00:05:03,189
we can do something about that. So uh
but aren't we?
275
00:05:03,189 --> 00:05:03,199
but aren't we?
276
00:05:03,199 --> 00:05:05,670
but aren't we?
No, that's actually very, very not too
277
00:05:05,670 --> 00:05:05,680
No, that's actually very, very not too
278
00:05:05,680 --> 00:05:08,070
No, that's actually very, very not too
bad. Well, look, in the Netherlands
279
00:05:08,070 --> 00:05:08,080
bad. Well, look, in the Netherlands
280
00:05:08,080 --> 00:05:10,870
bad. Well, look, in the Netherlands
we've had Ideal
281
00:05:10,870 --> 00:05:10,880
we've had Ideal
282
00:05:10,880 --> 00:05:12,350
we've had Ideal
as a payment system for years. That is a
283
00:05:12,350 --> 00:05:13,830
as a payment system for years. That is a
284
00:05:13,830 --> 00:05:13,840
285
00:05:13,840 --> 00:05:15,670
system developed by Dutch banks. This will be rolled out this year.
286
00:05:15,670 --> 00:05:15,680
system developed by Dutch banks. This will be rolled out this year.
287
00:05:15,680 --> 00:05:17,990
system developed by Dutch banks. This will be rolled out this year.
That will be called Wero. Uh, that's being
288
00:05:17,990 --> 00:05:18,000
That will be called Wero. Uh, that's being
289
00:05:18,000 --> 00:05:20,350
That will be called Wero. Uh, that's being
rolled out across Europe. So that part
290
00:05:20,350 --> 00:05:20,360
rolled out across Europe. So that part
291
00:05:20,360 --> 00:05:23,550
rolled out across Europe. So that part
is already European. And for more
292
00:05:23,550 --> 00:05:23,560
is already European. And for more
293
00:05:23,560 --> 00:05:27,790
is already European. And for more
international payments,
294
00:05:27,790 --> 00:05:27,800
international payments,
295
00:05:27,800 --> 00:05:30,590
international payments,
Europe can do the same as what
296
00:05:30,590 --> 00:05:30,600
Europe can do the same as what
297
00:05:30,600 --> 00:05:32,870
Europe can do the same as what
is currently popular in America
298
00:05:32,870 --> 00:05:32,880
is currently popular in America
299
00:05:32,880 --> 00:05:34,749
is currently popular in America
and which the American government is also
300
00:05:34,749 --> 00:05:34,759
and which the American government is also
301
00:05:34,759 --> 00:05:38,270
and which the American government is also
encouraging. That's stable coins. These are
302
00:05:38,270 --> 00:05:38,280
encouraging. That's stable coins. These are
303
00:05:38,280 --> 00:05:40,309
encouraging. That's stable coins. These are
digital but private
304
00:05:40,309 --> 00:05:40,319
digital but private
305
00:05:40,319 --> 00:05:41,830
digital but private
digital money
306
00:05:41,830 --> 00:05:41,840
digital money
307
00:05:41,840 --> 00:05:43,629
digital money
that is simply linked one-on-one to
308
00:05:43,629 --> 00:05:43,639
that is simply linked one-on-one to
309
00:05:43,639 --> 00:05:44,350
that is simply linked one-on-one to
the euro and to which you
310
00:05:44,350 --> 00:05:44,360
the euro and to which you
311
00:05:44,360 --> 00:05:45,909
the euro and to which you
can connect payment systems
312
00:05:45,909 --> 00:05:45,919
can connect payment systems
313
00:05:45,919 --> 00:05:47,150
can connect payment systems
. And there is currently an
314
00:05:47,150 --> 00:05:47,160
. And there is currently an
315
00:05:47,160 --> 00:05:51,390
. And there is currently an
initiative by nine major
316
00:05:51,390 --> 00:05:51,400
initiative by nine major
317
00:05:51,400 --> 00:05:53,350
initiative by nine major
European financial institutions,
318
00:05:53,350 --> 00:05:53,360
European financial institutions,
319
00:05:53,360 --> 00:05:55,790
European financial institutions,
including ING, to roll this out.
320
00:05:55,790 --> 00:05:55,800
including ING, to roll this out.
321
00:05:55,800 --> 00:05:57,510
including ING, to roll this out.
And so then that
322
00:05:57,510 --> 00:05:57,520
And so then that
323
00:05:57,520 --> 00:05:59,350
And so then that
dependency is not there. So
324
00:05:59,350 --> 00:05:59,360
dependency is not there. So
325
00:05:59,360 --> 00:06:01,469
dependency is not there. So
that's being dragged in a bit
326
00:06:01,469 --> 00:06:01,479
that's being dragged in a bit
327
00:06:01,479 --> 00:06:04,309
that's being dragged in a bit
because these economists, you know, they want to
328
00:06:04,309 --> 00:06:04,319
because these economists, you know, they want to
329
00:06:04,319 --> 00:06:06,790
because these economists, you know, they want to
actually put all the
330
00:06:06,790 --> 00:06:06,800
actually put all the
331
00:06:06,800 --> 00:06:09,150
actually put all the
money creation in the hands of the government
332
00:06:09,150 --> 00:06:09,160
money creation in the hands of the government
333
00:06:09,160 --> 00:06:09,469
money creation in the hands of the government
.
334
00:06:09,469 --> 00:06:09,479
.
335
00:06:09,479 --> 00:06:11,230
.
So you could have a concentration of power
336
00:06:11,230 --> 00:06:11,240
So you could have a concentration of power
337
00:06:11,240 --> 00:06:12,790
So you could have a concentration of power
. Monetary concentration of power.
338
00:06:12,790 --> 00:06:12,800
. Monetary concentration of power.
339
00:06:12,800 --> 00:06:14,550
. Monetary concentration of power.
It is that you really get a pure
340
00:06:14,550 --> 00:06:14,560
It is that you really get a pure
341
00:06:14,560 --> 00:06:17,990
It is that you really get a pure
monopoly on, uh, money issuance. And
342
00:06:17,990 --> 00:06:18,000
monopoly on, uh, money issuance. And
343
00:06:18,000 --> 00:06:19,790
monopoly on, uh, money issuance. And
yes, if you also
344
00:06:19,790 --> 00:06:19,800
yes, if you also
345
00:06:19,800 --> 00:06:22,150
yes, if you also
let the government manage payment systems, you also have a
346
00:06:22,150 --> 00:06:22,160
let the government manage payment systems, you also have a
347
00:06:22,160 --> 00:06:24,189
let the government manage payment systems, you also have a
monopoly on the development of
348
00:06:24,189 --> 00:06:24,199
monopoly on the development of
349
00:06:24,199 --> 00:06:25,749
monopoly on the development of
payment transactions. So innovations will
350
00:06:25,749 --> 00:06:25,759
payment transactions. So innovations will
351
00:06:25,759 --> 00:06:27,990
payment transactions. So innovations will
not benefit from that either. Does
352
00:06:27,990 --> 00:06:28,000
not benefit from that either. Does
353
00:06:28,000 --> 00:06:29,710
not benefit from that either. Does
such a digital euro have h on the e
354
00:06:29,710 --> 00:06:29,720
such a digital euro have h on the e
355
00:06:29,720 --> 00:06:31,350
such a digital euro have h on the e
somehow resemble a eh
356
00:06:31,350 --> 00:06:31,360
somehow resemble a eh
357
00:06:31,360 --> 00:06:33,550
somehow resemble a eh
cryptocurrency like the Bitcoin?
358
00:06:33,550 --> 00:06:33,560
cryptocurrency like the Bitcoin?
359
00:06:33,560 --> 00:06:35,270
cryptocurrency like the Bitcoin?
That's what it is, now it's becoming a
360
00:06:35,270 --> 00:06:35,280
That's what it is, now it's becoming a
361
00:06:35,280 --> 00:06:37,070
That's what it is, now it's becoming a
very technical discussion. This is how you can
362
00:06:37,070 --> 00:06:37,080
very technical discussion. This is how you can
363
00:06:37,080 --> 00:06:38,309
very technical discussion. This is how you can
give it shape. Okay
364
00:06:38,309 --> 00:06:38,319
give it shape. Okay
365
00:06:38,319 --> 00:06:38,749
give it shape. Okay
.
366
00:06:38,749 --> 00:06:38,759
.
367
00:06:38,759 --> 00:06:41,430
.
But there are all kinds of, uh, you can
368
00:06:41,430 --> 00:06:41,440
But there are all kinds of, uh, you can
369
00:06:41,440 --> 00:06:42,670
But there are all kinds of, uh, you can
also do it in a completely different way. There
370
00:06:42,670 --> 00:06:42,680
also do it in a completely different way. There
371
00:06:42,680 --> 00:06:44,909
also do it in a completely different way. There
are all kinds of design questions that still
372
00:06:44,909 --> 00:06:44,919
are all kinds of design questions that still
373
00:06:44,919 --> 00:06:46,469
are all kinds of design questions that still
need to be answered
374
00:06:46,469 --> 00:06:46,479
need to be answered
375
00:06:46,479 --> 00:06:48,469
need to be answered
. But that is possible in principle
376
00:06:48,469 --> 00:06:48,479
. But that is possible in principle
377
00:06:48,479 --> 00:06:49,990
. But that is possible in principle
if you Because if you make it a cryptocurrency
378
00:06:49,990 --> 00:06:50,000
if you Because if you make it a cryptocurrency
379
00:06:50,000 --> 00:06:51,390
if you Because if you make it a cryptocurrency
. That's why I'm asking, because that's where
380
00:06:51,390 --> 00:06:51,400
. That's why I'm asking, because that's where
381
00:06:51,400 --> 00:06:53,430
. That's why I'm asking, because that's where
I'm from. Cryptocurrencies
382
00:06:53,430 --> 00:06:53,440
I'm from. Cryptocurrencies
383
00:06:53,440 --> 00:06:54,710
I'm from. Cryptocurrencies
are based on blockchain
384
00:06:54,710 --> 00:06:54,720
are based on blockchain
385
00:06:54,720 --> 00:06:55,309
are based on blockchain
technology. Yes.
386
00:06:55,309 --> 00:06:55,319
technology. Yes.
387
00:06:55,319 --> 00:06:57,390
technology. Yes.
And that takes an unimaginable amount of
388
00:06:57,390 --> 00:06:57,400
And that takes an unimaginable amount of
389
00:06:57,400 --> 00:06:58,189
And that takes an unimaginable amount of
energy. Yes.
390
00:06:58,189 --> 00:06:58,199
energy. Yes.
391
00:06:58,199 --> 00:06:58,830
energy. Yes.
392
00:06:58,830 --> 00:06:58,840
393
00:06:58,840 --> 00:07:02,029
And that is therefore contrary to our goal
394
00:07:02,029 --> 00:07:02,039
And that is therefore contrary to our goal
395
00:07:02,039 --> 00:07:04,350
And that is therefore contrary to our goal
of reducing CO2 and fossil fuels
396
00:07:04,350 --> 00:07:04,360
of reducing CO2 and fossil fuels
397
00:07:04,360 --> 00:07:04,950
of reducing CO2 and fossil fuels
. Yes.
398
00:07:04,950 --> 00:07:04,960
. Yes.
399
00:07:04,960 --> 00:07:06,990
. Yes.
No, that is one of the
400
00:07:06,990 --> 00:07:07,000
No, that is one of the
401
00:07:07,000 --> 00:07:08,749
No, that is one of the
points of discussion indeed around that, uh, around
402
00:07:08,749 --> 00:07:08,759
points of discussion indeed around that, uh, around
403
00:07:08,759 --> 00:07:10,150
points of discussion indeed around that, uh, around
404
00:07:10,150 --> 00:07:10,160
405
00:07:10,160 --> 00:07:12,230
that digital euro. And so there are so there are
406
00:07:12,230 --> 00:07:12,240
that digital euro. And so there are so there are
407
00:07:12,240 --> 00:07:14,790
that digital euro. And so there are so there are
uh many, but the real battle is about it
408
00:07:14,790 --> 00:07:14,800
uh many, but the real battle is about it
409
00:07:14,800 --> 00:07:16,950
uh many, but the real battle is about it
. Can you actually get it off the
410
00:07:16,950 --> 00:07:16,960
. Can you actually get it off the
411
00:07:16,960 --> 00:07:18,909
. Can you actually get it off the
ground? Uh, and what the European Central
412
00:07:18,909 --> 00:07:18,919
ground? Uh, and what the European Central
413
00:07:18,919 --> 00:07:21,790
ground? Uh, and what the European Central
Bank is trying to do is, well,
414
00:07:21,790 --> 00:07:21,800
Bank is trying to do is, well,
415
00:07:21,800 --> 00:07:23,589
Bank is trying to do is, well,
strip him down as much as possible, so to speak
416
00:07:23,589 --> 00:07:23,599
strip him down as much as possible, so to speak
417
00:07:23,599 --> 00:07:24,950
strip him down as much as possible, so to speak
. Until no one can actually say,
418
00:07:24,950 --> 00:07:24,960
. Until no one can actually say,
419
00:07:24,960 --> 00:07:26,869
. Until no one can actually say,
"Yeah, but what is this? How
420
00:07:26,869 --> 00:07:26,879
"Yeah, but what is this? How
421
00:07:26,879 --> 00:07:28,790
"Yeah, but what is this? How
can you possibly be against it?" By only placing very
422
00:07:28,790 --> 00:07:28,800
can you possibly be against it?" By only placing very
423
00:07:28,800 --> 00:07:31,430
can you possibly be against it?" By only placing very
limited limits on it. Only for uh
424
00:07:31,430 --> 00:07:31,440
limited limits on it. Only for uh
425
00:07:31,440 --> 00:07:33,550
limited limits on it. Only for uh
retail uh customers and you can
426
00:07:33,550 --> 00:07:33,560
retail uh customers and you can
427
00:07:33,560 --> 00:07:35,550
retail uh customers and you can
name a whole list of things like that, right? Their
428
00:07:35,550 --> 00:07:35,560
name a whole list of things like that, right? Their
429
00:07:35,560 --> 00:07:37,550
name a whole list of things like that, right? Their
strategy, in my opinion, is to
430
00:07:37,550 --> 00:07:37,560
strategy, in my opinion, is to
431
00:07:37,560 --> 00:07:39,189
strategy, in my opinion, is to
first make sure it gets there, and if it does,
432
00:07:39,189 --> 00:07:39,199
first make sure it gets there, and if it does,
433
00:07:39,199 --> 00:07:40,990
first make sure it gets there, and if it does,
we'll
434
00:07:40,990 --> 00:07:41,000
we'll
435
00:07:41,000 --> 00:07:42,990
we'll
fully equip it, and then all the
436
00:07:42,990 --> 00:07:43,000
fully equip it, and then all the
437
00:07:43,000 --> 00:07:44,270
fully equip it, and then all the
dangers that we're perhaps still
438
00:07:44,270 --> 00:07:44,280
dangers that we're perhaps still
439
00:07:44,280 --> 00:07:46,670
dangers that we're perhaps still
discussing now, which is why I've come across it, will come
440
00:07:46,670 --> 00:07:46,680
discussing now, which is why I've come across it, will come
441
00:07:46,680 --> 00:07:47,869
discussing now, which is why I've come across it, will come
to the fore. Yes. Well, yeah
442
00:07:47,869 --> 00:07:47,879
to the fore. Yes. Well, yeah
443
00:07:47,879 --> 00:07:50,350
to the fore. Yes. Well, yeah
. Okay. Yes. Would you like a moment, may
444
00:07:50,350 --> 00:07:50,360
. Okay. Yes. Would you like a moment, may
445
00:07:50,360 --> 00:07:51,950
. Okay. Yes. Would you like a moment, may
I, may I go ahead and let go. Yes.
446
00:07:51,950 --> 00:07:51,960
I, may I go ahead and let go. Yes.
447
00:07:51,960 --> 00:07:54,029
I, may I go ahead and let go. Yes.
So I am I am I am against that
448
00:07:54,029 --> 00:07:54,039
So I am I am I am against that
449
00:07:54,039 --> 00:07:58,309
So I am I am I am against that
uh against that digital euro eh and uh so
450
00:07:58,309 --> 00:07:58,319
uh against that digital euro eh and uh so
451
00:07:58,319 --> 00:08:00,830
uh against that digital euro eh and uh so
uh all clarity about what is now on the table,
452
00:08:00,830 --> 00:08:00,840
uh all clarity about what is now on the table,
453
00:08:00,840 --> 00:08:03,189
uh all clarity about what is now on the table,
you can hardly be against that
454
00:08:03,189 --> 00:08:03,199
you can hardly be against that
455
00:08:03,199 --> 00:08:05,070
you can hardly be against that
. But that's not much use to us either
456
00:08:05,070 --> 00:08:05,080
. But that's not much use to us either
457
00:08:05,080 --> 00:08:05,990
. But that's not much use to us either
. Hm
458
00:08:05,990 --> 00:08:06,000
. Hm
459
00:08:06,000 --> 00:08:06,309
. Hm
hm.
460
00:08:06,309 --> 00:08:06,319
hm.
461
00:08:06,319 --> 00:08:08,390
hm.
But what is the danger if you
462
00:08:08,390 --> 00:08:08,400
But what is the danger if you
463
00:08:08,400 --> 00:08:10,790
But what is the danger if you
once have that thing there and then you say, well
464
00:08:10,790 --> 00:08:10,800
once have that thing there and then you say, well
465
00:08:10,800 --> 00:08:12,230
once have that thing there and then you say, well
, then it can be further developed
466
00:08:12,230 --> 00:08:12,240
, then it can be further developed
467
00:08:12,240 --> 00:08:14,510
, then it can be further developed
by the central bank, right? Then
468
00:08:14,510 --> 00:08:14,520
by the central bank, right? Then
469
00:08:14,520 --> 00:08:15,790
by the central bank, right? Then
politics will no longer
470
00:08:15,790 --> 00:08:15,800
politics will no longer
471
00:08:15,800 --> 00:08:17,550
politics will no longer
interfere. Look at what this
472
00:08:17,550 --> 00:08:17,560
interfere. Look at what this
473
00:08:17,560 --> 00:08:19,670
interfere. Look at what this
can ultimately develop into, and
474
00:08:19,670 --> 00:08:19,680
can ultimately develop into, and
475
00:08:19,680 --> 00:08:22,749
can ultimately develop into, and
it can become an instrument of
476
00:08:22,749 --> 00:08:22,759
it can become an instrument of
477
00:08:22,759 --> 00:08:24,309
it can become an instrument of
citizen control. That it
478
00:08:24,309 --> 00:08:24,319
citizen control. That it
479
00:08:24,319 --> 00:08:26,990
citizen control. That it
affects privacy, that it also
480
00:08:26,990 --> 00:08:27,000
affects privacy, that it also
481
00:08:27,000 --> 00:08:28,629
affects privacy, that it also
becomes programmable, right? So then you could
482
00:08:28,629 --> 00:08:28,639
becomes programmable, right? So then you could
483
00:08:28,639 --> 00:08:30,950
becomes programmable, right? So then you could
say, for example: "Well, let's go back to our
484
00:08:30,950 --> 00:08:30,960
say, for example: "Well, let's go back to our
485
00:08:30,960 --> 00:08:33,870
say, for example: "Well, let's go back to our
previous discussion about food. Hey,
486
00:08:33,870 --> 00:08:33,880
previous discussion about food. Hey,
487
00:08:33,880 --> 00:08:36,070
previous discussion about food. Hey,
if I don't eat enough plant-based food
488
00:08:36,070 --> 00:08:36,080
if I don't eat enough plant-based food
489
00:08:36,080 --> 00:08:39,509
if I don't eat enough plant-based food
, then my... is that currency
490
00:08:39,509 --> 00:08:39,519
, then my... is that currency
491
00:08:39,519 --> 00:08:42,350
, then my... is that currency
programmed in such a way that if I still... do
492
00:08:42,350 --> 00:08:42,360
programmed in such a way that if I still... do
493
00:08:42,360 --> 00:08:45,310
programmed in such a way that if I still... do
n't plant again, then
494
00:08:45,310 --> 00:08:45,320
n't plant again, then
495
00:08:45,320 --> 00:08:46,550
n't plant again, then
digital food stamps.
496
00:08:46,550 --> 00:08:46,560
digital food stamps.
497
00:08:46,560 --> 00:08:47,910
digital food stamps.
Yes, buy something that I simply can't
498
00:08:47,910 --> 00:08:47,920
Yes, buy something that I simply can't
499
00:08:47,920 --> 00:08:49,710
Yes, buy something that I simply can't
afford, that's simply programmed in
500
00:08:49,710 --> 00:08:49,720
afford, that's simply programmed in
501
00:08:49,720 --> 00:08:49,829
afford, that's simply programmed in
. It wo
502
00:08:49,829 --> 00:08:50,990
. It wo
503
00:08:50,990 --> 00:08:51,000
504
00:08:51,000 --> 00:08:51,430
n't work at McDonald's anymore.
505
00:08:51,430 --> 00:08:51,440
n't work at McDonald's anymore.
506
00:08:51,440 --> 00:08:52,230
n't work at McDonald's anymore.
Then it won't work at
507
00:08:52,230 --> 00:08:52,240
Then it won't work at
508
00:08:52,240 --> 00:08:55,430
Then it won't work at
McDonald's anymore. Or... on the subway, it wo
509
00:08:55,430 --> 00:08:55,440
McDonald's anymore. Or... on the subway, it wo
510
00:08:55,440 --> 00:08:56,750
McDonald's anymore. Or... on the subway, it wo
n't work anymore, right? So these are
511
00:08:56,750 --> 00:08:56,760
n't work anymore, right? So these are
512
00:08:56,760 --> 00:08:58,870
n't work anymore, right? So these are
all things that could be technically
513
00:08:58,870 --> 00:08:58,880
all things that could be technically
514
00:08:58,880 --> 00:09:00,949
all things that could be technically
possible. Again, that's
515
00:09:00,949 --> 00:09:00,959
possible. Again, that's
516
00:09:00,959 --> 00:09:04,069
possible. Again, that's
not foreseen now, but if you open the door to that
517
00:09:04,069 --> 00:09:04,079
not foreseen now, but if you open the door to that
518
00:09:04,079 --> 00:09:06,150
not foreseen now, but if you open the door to that
, then that's
519
00:09:06,150 --> 00:09:06,160
, then that's
520
00:09:06,160 --> 00:09:09,310
, then that's
certainly a risk. Especially because the kind of...
521
00:09:09,310 --> 00:09:09,320
certainly a risk. Especially because the kind of...
522
00:09:09,320 --> 00:09:12,150
certainly a risk. Especially because the kind of...
because these kinds of groups, those
523
00:09:12,150 --> 00:09:12,160
because these kinds of groups, those
524
00:09:12,160 --> 00:09:14,030
because these kinds of groups, those
70 economists, really want
525
00:09:14,030 --> 00:09:14,040
70 economists, really want
526
00:09:14,040 --> 00:09:15,990
70 economists, really want
those things to have as many possibilities as possible
527
00:09:15,990 --> 00:09:16,000
those things to have as many possibilities as possible
528
00:09:16,000 --> 00:09:17,230
those things to have as many possibilities as possible
. And they are generally
529
00:09:17,230 --> 00:09:17,240
. And they are generally
530
00:09:17,240 --> 00:09:18,750
. And they are generally
people who
531
00:09:18,750 --> 00:09:18,760
people who
532
00:09:18,760 --> 00:09:20,670
people who
are in favor of a lot of government influence. Big
533
00:09:20,670 --> 00:09:20,680
are in favor of a lot of government influence. Big
534
00:09:20,680 --> 00:09:23,269
are in favor of a lot of government influence. Big
government that... that has to
535
00:09:23,269 --> 00:09:23,279
government that... that has to
536
00:09:23,279 --> 00:09:25,389
government that... that has to
get a handle on everything. And the second major danger is
537
00:09:25,389 --> 00:09:25,399
get a handle on everything. And the second major danger is
538
00:09:25,399 --> 00:09:28,269
get a handle on everything. And the second major danger is
that if... the The only party that can
539
00:09:28,269 --> 00:09:28,279
that if... the The only party that can
540
00:09:28,279 --> 00:09:30,790
that if... the The only party that can
create money, uh, the government, is that the
541
00:09:30,790 --> 00:09:30,800
create money, uh, the government, is that the
542
00:09:30,800 --> 00:09:32,829
create money, uh, the government, is that the
government will make extensive use of it,
543
00:09:32,829 --> 00:09:32,839
government will make extensive use of it,
544
00:09:32,839 --> 00:09:35,910
government will make extensive use of it,
and that we're seeing far too much
545
00:09:35,910 --> 00:09:35,920
and that we're seeing far too much
546
00:09:35,920 --> 00:09:37,790
and that we're seeing far too much
money being put into circulation, that
547
00:09:37,790 --> 00:09:37,800
money being put into circulation, that
548
00:09:37,800 --> 00:09:41,030
money being put into circulation, that
government is getting bigger and bigger. So, uh,
549
00:09:41,030 --> 00:09:41,040
government is getting bigger and bigger. So, uh,
550
00:09:41,040 --> 00:09:42,269
government is getting bigger and bigger. So, uh,
we shouldn't start with this. The
551
00:09:42,269 --> 00:09:42,279
we shouldn't start with this. The
552
00:09:42,279 --> 00:09:44,470
we shouldn't start with this. The
interesting thing is that the Americans,
553
00:09:44,470 --> 00:09:44,480
interesting thing is that the Americans,
554
00:09:44,480 --> 00:09:44,750
interesting thing is that the Americans,
yes, uh,
555
00:09:44,750 --> 00:09:44,760
yes, uh,
556
00:09:44,760 --> 00:09:46,829
yes, uh,
they do
557
00:09:46,829 --> 00:09:46,839
they do
558
00:09:46,839 --> 00:09:47,550
they do
n't have this. They
559
00:09:47,550 --> 00:09:47,560
n't have this. They
560
00:09:47,560 --> 00:09:50,790
n't have this. They
consciously don't do digital, they do
561
00:09:50,790 --> 00:09:50,800
consciously don't do digital, they do
562
00:09:50,800 --> 00:09:53,430
consciously don't do digital, they do
n't have digital currency. The Chinese,
563
00:09:53,430 --> 00:09:53,440
n't have digital currency. The Chinese,
564
00:09:53,440 --> 00:09:54,910
n't have digital currency. The Chinese,
for example, do, but yes, that's also
565
00:09:54,910 --> 00:09:54,920
for example, do, but yes, that's also
566
00:09:54,920 --> 00:09:56,350
for example, do, but yes, that's also
clear. They really want in on it, and they
567
00:09:56,350 --> 00:09:56,360
clear. They really want in on it, and they
568
00:09:56,360 --> 00:09:58,509
clear. They really want in on it, and they
also exert influence with it.
569
00:09:58,509 --> 00:09:58,519
also exert influence with it.
570
00:09:58,519 --> 00:09:59,990
also exert influence with it.
Yes, what the Americans do have,
571
00:09:59,990 --> 00:10:00,000
Yes, what the Americans do have,
572
00:10:00,000 --> 00:10:01,670
Yes, what the Americans do have,
I wanted to say, uh, is a large part of our
573
00:10:01,670 --> 00:10:01,680
I wanted to say, uh, is a large part of our
574
00:10:01,680 --> 00:10:03,110
I wanted to say, uh, is a large part of our
gold. And that's actually my
575
00:10:03,110 --> 00:10:03,120
gold. And that's actually my
576
00:10:03,120 --> 00:10:04,949
gold. And that's actually my
final question, because we still have a lot of
577
00:10:04,949 --> 00:10:04,959
final question, because we still have a lot of
578
00:10:04,959 --> 00:10:06,509
final question, because we still have a lot of
gold. I think it's in
579
00:10:06,509 --> 00:10:06,519
gold. I think it's in
580
00:10:06,519 --> 00:10:08,269
gold. I think it's in
Manhattan, deep underground under
581
00:10:08,269 --> 00:10:08,279
Manhattan, deep underground under
582
00:10:08,279 --> 00:10:11,430
Manhattan, deep underground under
the—what's that thing called? The—
583
00:10:11,430 --> 00:10:11,440
the—what's that thing called? The—
584
00:10:11,440 --> 00:10:13,670
the—what's that thing called? The—
No, that's the Ford K-Nox. That's—that's not—
585
00:10:13,670 --> 00:10:13,680
No, that's the Ford K-Nox. That's—that's not—
586
00:10:13,680 --> 00:10:15,150
No, that's the Ford K-Nox. That's—that's not—
is not in my opinion. We also have some
587
00:10:15,150 --> 00:10:15,160
is not in my opinion. We also have some
588
00:10:15,160 --> 00:10:17,150
is not in my opinion. We also have some
in—uh, New York
589
00:10:17,150 --> 00:10:17,160
in—uh, New York
590
00:10:17,160 --> 00:10:18,630
in—uh, New York
. That's right. But the largest part
591
00:10:18,630 --> 00:10:18,640
. That's right. But the largest part
592
00:10:18,640 --> 00:10:19,630
. That's right. But the largest part
is in Fort Norx.
593
00:10:19,630 --> 00:10:19,640
is in Fort Norx.
594
00:10:19,640 --> 00:10:20,190
is in Fort Norx.
Okay.
595
00:10:20,190 --> 00:10:20,200
Okay.
596
00:10:20,200 --> 00:10:23,069
Okay.
And uh, yes, and there's been a
597
00:10:23,069 --> 00:10:23,079
And uh, yes, and there's been a
598
00:10:23,079 --> 00:10:24,870
And uh, yes, and there's been a
discussion about that for a while now. Is it wise to
599
00:10:24,870 --> 00:10:24,880
discussion about that for a while now. Is it wise to
600
00:10:24,880 --> 00:10:26,069
discussion about that for a while now. Is it wise to
leave it there? Shouldn't we
601
00:10:26,069 --> 00:10:26,079
leave it there? Shouldn't we
602
00:10:26,079 --> 00:10:27,110
leave it there? Shouldn't we
bring it back? Yes,
603
00:10:27,110 --> 00:10:27,120
bring it back? Yes,
604
00:10:27,120 --> 00:10:29,069
bring it back? Yes,
I have to say,
605
00:10:29,069 --> 00:10:29,079
I have to say,
606
00:10:29,079 --> 00:10:30,750
I have to say,
not so long ago, my
607
00:10:30,750 --> 00:10:30,760
not so long ago, my
608
00:10:30,760 --> 00:10:32,230
not so long ago, my
position was: "Well, no, what are
609
00:10:32,230 --> 00:10:32,240
position was: "Well, no, what are
610
00:10:32,240 --> 00:10:33,630
position was: "Well, no, what are
we worried about? Let's not
611
00:10:33,630 --> 00:10:33,640
we worried about? Let's not
612
00:10:33,640 --> 00:10:36,269
we worried about? Let's not
complicate things, let's not complicate things.
613
00:10:36,269 --> 00:10:36,279
complicate things, let's not complicate things.
614
00:10:36,279 --> 00:10:37,750
complicate things, let's not complicate things.
But I am now coming back to that a
615
00:10:37,750 --> 00:10:37,760
But I am now coming back to that a
616
00:10:37,760 --> 00:10:39,150
But I am now coming back to that a
little. I think
617
00:10:39,150 --> 00:10:39,160
little. I think
618
00:10:39,160 --> 00:10:40,590
little. I think
we should seriously consider bringing
619
00:10:40,590 --> 00:10:40,600
we should seriously consider bringing
620
00:10:40,600 --> 00:10:42,790
we should seriously consider bringing
that back. Because in the
621
00:10:42,790 --> 00:10:42,800
that back. Because in the
622
00:10:42,800 --> 00:10:45,150
that back. Because in the
world, partly due to our own behavior
623
00:10:45,150 --> 00:10:45,160
world, partly due to our own behavior
624
00:10:45,160 --> 00:10:48,269
world, partly due to our own behavior
as Europeans, we are considering,
625
00:10:48,269 --> 00:10:48,279
as Europeans, we are considering,
626
00:10:48,279 --> 00:10:50,030
as Europeans, we are considering,
for example, blocking Russian currencies that we
627
00:10:50,030 --> 00:10:50,040
for example, blocking Russian currencies that we
628
00:10:50,040 --> 00:10:52,430
for example, blocking Russian currencies that we
have
629
00:10:52,430 --> 00:10:52,440
have
630
00:10:52,440 --> 00:10:55,949
have
used for Ukraine
631
00:10:55,949 --> 00:10:55,959
used for Ukraine
632
00:10:55,959 --> 00:10:58,550
used for Ukraine
. So that means that yes, it is becoming more and
633
00:10:58,550 --> 00:10:58,560
. So that means that yes, it is becoming more and
634
00:10:58,560 --> 00:11:02,150
. So that means that yes, it is becoming more and
more accepted to take
635
00:11:02,150 --> 00:11:02,160
more accepted to take
636
00:11:02,160 --> 00:11:05,310
more accepted to take
other people's money
637
00:11:05,310 --> 00:11:05,320
other people's money
638
00:11:05,320 --> 00:11:06,590
other people's money
. Let me just put it this way
639
00:11:06,590 --> 00:11:06,600
. Let me just put it this way
640
00:11:06,600 --> 00:11:09,069
. Let me just put it this way
. And our relations with
641
00:11:09,069 --> 00:11:09,079
. And our relations with
642
00:11:09,079 --> 00:11:10,269
. And our relations with
the US just now
643
00:11:10,269 --> 00:11:10,279
the US just now
644
00:11:10,279 --> 00:11:12,230
the US just now
about Greenland, eh. Yes, it is, it
645
00:11:12,230 --> 00:11:12,240
about Greenland, eh. Yes, it is, it
646
00:11:12,240 --> 00:11:15,389
about Greenland, eh. Yes, it is, it
is, uh, tense. So why why why
647
00:11:15,389 --> 00:11:15,399
is, uh, tense. So why why why
648
00:11:15,399 --> 00:11:16,750
is, uh, tense. So why why why
not
649
00:11:16,750 --> 00:11:16,760
not
650
00:11:16,760 --> 00:11:17,430
not
bring it back?
651
00:11:17,430 --> 00:11:17,440
bring it back?
652
00:11:17,440 --> 00:11:20,030
bring it back?
So Lex Hoogdin colon get our
653
00:11:20,030 --> 00:11:20,040
So Lex Hoogdin colon get our
654
00:11:20,040 --> 00:11:20,670
So Lex Hoogdin colon get our
gold back.
655
00:11:20,670 --> 00:11:20,680
gold back.
656
00:11:20,680 --> 00:11:22,949
gold back.
Consider strongly. Yes. Yes, that is
657
00:11:22,949 --> 00:11:22,959
Consider strongly. Yes. Yes, that is
658
00:11:22,959 --> 00:11:24,470
Consider strongly. Yes. Yes, that is
quite a change for me. Uh,
659
00:11:24,470 --> 00:11:24,480
quite a change for me. Uh,
660
00:11:24,480 --> 00:11:26,190
quite a change for me. Uh,
can we just do that or can we
661
00:11:26,190 --> 00:11:26,200
can we just do that or can we
662
00:11:26,200 --> 00:11:27,790
can we just do that or can we
just say: "Well, we'll take it back." Well
663
00:11:27,790 --> 00:11:27,800
just say: "Well, we'll take it back." Well
664
00:11:27,800 --> 00:11:29,069
just say: "Well, we'll take it back." Well
, Germany did it too, I think
665
00:11:29,069 --> 00:11:29,079
, Germany did it too, I think
666
00:11:29,079 --> 00:11:30,910
, Germany did it too, I think
. And uh yeah, look, something that's
667
00:11:30,910 --> 00:11:30,920
. And uh yeah, look, something that's
668
00:11:30,920 --> 00:11:32,550
. And uh yeah, look, something that's
yours and that you keep somewhere
669
00:11:32,550 --> 00:11:32,560
yours and that you keep somewhere
670
00:11:32,560 --> 00:11:33,550
yours and that you keep somewhere
.
671
00:11:33,550 --> 00:11:33,560
.
672
00:11:33,560 --> 00:11:36,069
.
Yes, in theory it is possible, but would it
673
00:11:36,069 --> 00:11:36,079
Yes, in theory it is possible, but would it
674
00:11:36,079 --> 00:11:36,829
Yes, in theory it is possible, but would it
still exist?
675
00:11:36,829 --> 00:11:36,839
still exist?
676
00:11:36,839 --> 00:11:40,389
still exist?
Uh I assume it's still there
677
00:11:40,389 --> 00:11:40,399
Uh I assume it's still there
678
00:11:40,399 --> 00:11:42,790
Uh I assume it's still there
. Eh, but we'll have to take a
679
00:11:42,790 --> 00:11:42,800
. Eh, but we'll have to take a
680
00:11:42,800 --> 00:11:44,069
. Eh, but we'll have to take a
look at that sometime.
681
00:11:44,069 --> 00:11:44,079
look at that sometime.
682
00:11:44,079 --> 00:11:45,269
look at that sometime.
I don't know that.
683
00:11:45,269 --> 00:11:45,279
I don't know that.
684
00:11:45,279 --> 00:11:46,710
I don't know that.
Well, if you want it and it turns out not
685
00:11:46,710 --> 00:11:46,720
Well, if you want it and it turns out not
686
00:11:46,720 --> 00:11:47,949
Well, if you want it and it turns out not
to be possible, then we have a
687
00:11:47,949 --> 00:11:47,959
to be possible, then we have a
688
00:11:47,959 --> 00:11:49,389
to be possible, then we have a
different discussion. But that is also a
689
00:11:49,389 --> 00:11:49,399
different discussion. But that is also a
690
00:11:49,399 --> 00:11:51,389
different discussion. But that is also a
signal. I would say that is a very strong signal
691
00:11:51,389 --> 00:11:51,399
signal. I would say that is a very strong signal
692
00:11:51,399 --> 00:11:53,389
signal. I would say that is a very strong signal
. Well
693
00:11:53,389 --> 00:11:53,399
. Well
694
00:11:53,399 --> 00:11:54,870
. Well
, we'll see. I'm really
695
00:11:54,870 --> 00:11:54,880
, we'll see. I'm really
696
00:11:54,880 --> 00:11:56,310
, we'll see. I'm really
curious where that gold is. That's what
697
00:11:56,310 --> 00:11:56,320
curious where that gold is. That's what
698
00:11:56,320 --> 00:11:57,949
curious where that gold is. That's what
we're going to try to find out. Uh
699
00:11:57,949 --> 00:11:57,959
we're going to try to find out. Uh
700
00:11:57,959 --> 00:12:01,808
we're going to try to find out. Uh
Lex, thank you.
701
00:12:01,808 --> 00:12:01,818
702
00:12:01,818 --> 00:12:03,590
[music]
703
00:12:03,590 --> 00:12:03,600
[music]
704
00:12:03,600 --> 00:12:05,910
[music]
We stand for a digital world
705
00:12:05,910 --> 00:12:05,920
We stand for a digital world
706
00:12:05,920 --> 00:12:07,269
We stand for a digital world
in which privacy, [music]
707
00:12:07,269 --> 00:12:07,279
in which privacy, [music]
708
00:12:07,279 --> 00:12:10,150
in which privacy, [music]
security and freedom of expression
709
00:12:10,150 --> 00:12:10,160
security and freedom of expression
710
00:12:10,160 --> 00:12:12,230
security and freedom of expression
are the norm. Do
711
00:12:12,230 --> 00:12:12,240
are the norm. Do
712
00:12:12,240 --> 00:12:14,550
are the norm. Do
you also think [music] is important?
713
00:12:14,550 --> 00:12:14,560
you also think [music] is important?
714
00:12:14,560 --> 00:12:17,528
you also think [music] is important?
Take action now and receive the
715
00:12:17,528 --> 00:12:17,538
Take action now and receive the
716
00:12:17,538 --> 00:12:19,829
Take action now and receive the
[music] Pro Privacy Checklist for free, containing nearly
717
00:12:19,829 --> 00:12:19,839
[music] Pro Privacy Checklist for free, containing nearly
718
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