Item Number: Y0008 Type: Video Transcript
Episode 6 - War
Episode 6 - War 0:00:09.792,0:00:45.240 Bombs. Tanks. Shots fired in anger 0:00:45.960,0:00:47.640 This means ‘War’ 0:00:48.720,0:00:52.200 But these phenomena only appear in the later stages of conflict. 0:00:52.800,0:00:55.200 They come last – because they are so costly 0:00:56.100,0:01:03.660 We tend to think of cost measured in a currency like Dollars, Euros, or Yen. But cost is actually 0:01:03.660,0:01:10.620 measured in resources. Some commodities, in some situations, may not be had for any amount of money 0:01:12.120,0:01:17.820 For a nation facing defeat in war, more of its national currency cannot conjure the manpower, 0:01:17.820,0:01:20.460 tanks, and aircraft needed for victory 0:01:21.480,0:01:28.260 History tends to focus on the later stage of conflict. The battles, The generals, The treaties 0:01:29.340,0:01:34.080 But you can have more control of your life and your wealth if you focus on the early stage 0:01:34.980,0:01:40.380 You can’t unexplode a bomb. But if you know it’s coming, you can get out of the way 0:01:41.640,0:01:46.620 Today, Western Europe faces energy shortages that cannot be solved by more Euros 0:01:47.400,0:01:51.480 Finance and diplomacy are falling flat. The latest efforts from the 0:01:51.480,0:01:56.700 Bank of England resulted in a sell-off of the Pound, taking their economy from bad to worse 0:01:57.540,0:02:01.680 In Ukraine, tanks are already rolling. Where next? 0:02:02.400,0:02:05.640 As nations gain more reasons to devalue currency, 0:02:06.300,0:02:09.300 we need a way to store wealth outside of controlled systems 0:02:10.200,0:02:12.900 This is what we’re building at eCash
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