Item Number: Y0008 Type: Video Transcript
Content
Episode 6 - War
Transcript:
Episode 6 - War
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Bombs. Tanks. Shots fired in anger
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This means ‘War’
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But these phenomena only appear
in the later stages of conflict.
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They come last – because they are so costly
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We tend to think of cost measured in a currency
like Dollars, Euros, or Yen. But cost is actually
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measured in resources. Some commodities, in some
situations, may not be had for any amount of money
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For a nation facing defeat in war, more of its
national currency cannot conjure the manpower,
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tanks, and aircraft needed for victory
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History tends to focus on the later stage of
conflict. The battles, The generals, The treaties
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But you can have more control of your life and
your wealth if you focus on the early stage
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You can’t unexplode a bomb. But if you know
it’s coming, you can get out of the way
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Today, Western Europe faces energy shortages
that cannot be solved by more Euros
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Finance and diplomacy are falling
flat. The latest efforts from the
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Bank of England resulted in a sell-off of the
Pound, taking their economy from bad to worse
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In Ukraine, tanks are already rolling. Where next?
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As nations gain more reasons to devalue currency,
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we need a way to store wealth
outside of controlled systems
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