eCash YouTube: 
WhyCrypto 3

eCash YouTube: WhyCrypto 3

Item Number: Y0003 Type: Video Transcript


Episode 3

Two hundred years ago, when the british navy turned up to suppress the american revolution, american military leaders wrote about England’s near-unbelievable financial might.

At the time, it was obvious that mobilizing so many ships and men was extraordinarily expensive. You could not simply wave a magic wand and create a new ship of the line.

At least, the Americans couldn’t. England, on the other hand, had recently established a central bank.

Today, almost every nation has a western-style central bank. The wealthiest nations, like the United States, pretty much do wave a magic wand to create a new warship.

Government spending, including military spending, has almost nothing to do with taxes.

Modern finance is a complex international shell game of trade, commodities, alliances, and military force.

You can see this play out in the financial response to the current crisis in Ukraine, where the West has seized Russian assets and suppressed Russian trade.

Say you’re a wealthy nation. Do you think you’ll be putting your money where your potential future enemies could simply take it?

We can’t see it just yet, but a lot of what we take for granted about the modern world was wiped away by these sanctions. Trade requires trust. Wealth requires not only trust, but also political approval.

It’s time for a global asset that does not depend on trust or politics. This is what we’re building on eCash.

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