Speaker A
If we don't do this, we can't sell bonds anymore. It's not a matter of choice, it's a must. In the end, they're going to take out the money out of nothing. Why are they suddenly trying to make a national fund? Chinese gold and
Analysis of the U.S. move to create a Sovereign Wealth Fund amid declining bond trust and shifting global asset strategies.
Key Takeaways
- The U.S. can no longer rely solely on issuing debt to finance its economy due to reduced global demand for Treasury bonds.
- Creating a Sovereign Wealth Fund backed by assets like gold and Bitcoin is a strategic move to sustain U.S. financial power.
- Global economic players are diversifying away from dollar assets, signaling a shift in international trust and currency dominance.
- The U.S. is adapting to these changes by using its asset base to back new forms of national wealth.
- Understanding this shift is crucial for investors and policymakers navigating the future of global finance.
Summary
- The U.S. is planning to establish a Sovereign Wealth Fund (SWF) for the first time at the federal level due to limitations in issuing more state debt.
- Historically, the U.S. has not needed a national fund because it could print dollars and rely on trust in its bonds.
- Global buyers like China, Japan, and Russia are reducing their holdings of U.S. Treasury bonds, shifting to gold and Bitcoin.
- The U.S. dollar's dominance is challenged as trust in U.S. bonds declines and other countries diversify their reserves.
- Secretary of State Scott Peay advised President Trump to create the SWF as a response to the diminishing attractiveness of Treasury bonds.
- The U.S. government owns significant assets, including gold and real estate, which could back the new fund.
- The historical context includes the Bretton Woods system, which tied the dollar to gold, a trust that eroded after Nixon's shock.
- The video explains the strategic shift from relying on debt issuance to asset-backed national wealth funds.
- The U.S. aims to maintain financial hegemony by leveraging digital assets like Bitcoin alongside traditional assets.
- This transition reflects broader geopolitical and economic shifts impacting global liquidity and currency trust.
Full Transcript — Download SRT & Markdown
Speaker A
Russian gold are just a rock. They're going to absorb all the liquidity around the world. What's the exchange rate? It's 1,500 won now, but it's 2,000 won, 3,000 won.
Speaker A
Why is all this possible? From where? Clarity Act passed its last round on May 14th. Everything is possible. If it's a lump, it's going to be a digital fundamentalism.
Speaker A
In the end, it's going to be a dollar. But it's complicated now. If the whole world tries to understand this, it will take 50 years. I was just surprised again. Hello, I'm writer Kim Chang-hyuk. Today, I'm going to talk about the U.S. National
Speaker A
Fund. In English, it's called the Sovereign Wealth Fund. It's called SWF. I'm going to talk about this national fund today. I thought I'd shoot a video of it all. I'm going to talk about the background and logical composition of the background that I decided to declare as a
Speaker A
Bitcoin original. So, the U.S. will implement asset-based assets based on Bitcoin, and it seems that it will make a declaration about it soon. I would like to explain in detail today about various backgrounds that can be so neat. Since it is an important story, I hope it will help you
Speaker A
listen to the story in detail and make various judgments. First, I think I should talk about the national fund. The national fund is a fund that makes money. Funds are funds that make money. It means that the country has
Speaker A
assets. For example, there is the Abu Dhabi Investment Fund. And there is the Qatar Gulf Fund. In Korea, there is also the KIC, the Korean Investment Fund. The reason why there are so many funds in the Middle East is
Speaker A
because there is a very good asset called oil in the Middle East. The oil is made into financial assets and then sold. Investors receive it and invest it themselves or receive it and then sell it to the state in a way that drives
Speaker A
oil assets. In the case of KIC, it is a foreign-funded parent. The U.S. has a state of 3 billion dollars and has a dollar-based pet. It's a waste to just put the pet in a safe. It's dangerous because it's a big change if
Speaker A
you leave it to private funds. So, it's a government fund that makes a government fund and invests in the most stable place possible to increase the assets of the pet. The United States is the country with the most assets in the world, but
Speaker A
there has been no national fund. Why is that? There was a state-run national fund.
Speaker A
The state government had a national fund, but at that time, it was a state-run fund. But in the past 250 years, there has never been a federal government-level national fund. Because the US has to make dollars. Since it's a basic currency, they have
Speaker A
to make dollars. All they need is a tax return. So there's no reason to make a national fund and make money. But why are they suddenly trying to make a national fund? That's right. They can't make any more dollars. To be exact, it
Speaker A
means that the state debt cannot be issued. In the US, the tax office issues the state debt and the monthly salary or the interest rate is paid by the state debt. The tax office earns dollars. But to put it simply, the interest rate
Speaker A
is also If you look at the US government, it's not exactly that, but if you look at it as one, it has a specific role, but if you look at it as one, the US is a country that employs dollars to increase the
Speaker A
national wealth, so there is no reason to increase the money with national wealth funds.
Speaker A
We invested 1 million won and this is sold for 1.5 million won. In order to sell 100 dollars for 200 dollars, the US just needs to print 100 more dollars. To be precise, you can issue a national body worth 100 dollars. But suddenly,
Speaker A
as the Trump administration entered its second term, President Trump ordered the administration to create a national fund last February. Then why did President Trump for the first time in history Is the US trying to create a government fund called SWF by issuing administrative orders? This is a very
Speaker A
important point. Then the US has started from the idea of Secretary of State Scott Peasant. The US means that it is no longer a country that can issue a state bond to make money. This means that countries like
Speaker A
China, Japan, Korea, Saudi Arabia, and Russia no longer buy the state bonds issued by the tax authorities. And the monthly pay is not bought. Why not? Because the tax authorities' bonds are no longer attractive. It's dangerous. It's hard to buy
Speaker A
with the current interest rate. Recently, the bond rate has risen to about 5%, and I think it's dangerous to invest in a country where the US government has taken 5% of its bonds. There are various reasons. There are economic reasons and economic reasons. The 5% rate is cheap now. You
Speaker A
have to get more and buy more. China and other countries like Korea and Japan are making a very specific judgment that it is dangerous to rely on the US economy. China had US$1.2 trillion of US economy after the foreign exchange crisis, and now it has reduced it to half. And they
Speaker A
bought gold. And Bitcoin is also known to be owned by the government in an unofficial way. Then why are dollar assets changing into non-dollar assets? In countries like China, it is also judged that economic benefits are meaningless, but since the
Speaker A
US and China are competing for the right to lose money, the US can always freeze the dollar asset in its own financial network. The US is using the dollar as a weapon, and it is using it to extract gold and bitcoin with
Speaker A
a shield. As I said before, in terms of the technical aspect of operating US state-owned funds, China and Russia are also a means of making it impossible to increase the amount of gold. I don't understand this well, but I'll explain it later.
Speaker A
So, when the Secretary of State, Scott Peasant, took office, he advised President Trump. "The bonds issued by the Treasury Department will no longer be sold." Then, the bonds issued by the Treasury Department must be changed to other bonds. The basis for issuing dollars Until then, trust the U.S. and buy
Speaker A
it. So when the older brother came and told his brother to give him some money, he said, "Hey, it's family. Trust me and lend it to me." But he lent me money. But he kept It seems like they're preparing
Speaker A
for overseas immigration. And there were a lot of real estate, but I think they sold all the real estate. They don't have money. Then they're going to pay off the bond and the national debt quickly. And now they're going to sell their national
Speaker A
debt to someone else. This is what happened in the United States. Then trust the government and write it. Then you have to trust other things and write. What is to trust other things and write is that you need collateral. Since Nixon's shock, it
Speaker A
was just to trust the US government and write. But before Nixon's shock, the Bretton Woods system, in 1944, the Bretton Woods system said, "Trust gold and write." We say that if we bring this state or dollar, we will change it to 35 dollars
Speaker A
per unit of gold. It's not to trust the government, but to trust the gold in the safe. At that time, people didn't put any money. But I don't think there's any gold. This is when the doubt started. But now, the U.S. doesn't seem
Speaker A
to trust the U.S. and even the U.S. seems to be behind me. It's a situation where I feel like that. So, "Trust the U.S. and use it." This word doesn't work anymore. In fact, China doesn't buy, Japan doesn't buy, we don't buy, Saudi
Speaker A
Arabia doesn't buy. Russia is more or less united and doesn't buy. So, what should I trust and use? You have to answer the question. That's when Secretary of State Scott Peay came up with the idea. There are a lot of real estate in
Speaker A
the U.S. There are a lot of real estate owned by the government. Like public servants. The U.S. has 8,000 tons of gold. And the U.S. employs the state, but it doesn't own it. They just need to print out the dollar.
Speaker A
to own foreign trade. So, they don't have the state they issued, but they can issue it, so they can issue it, trust it as collateral, and make something else, a mobilized product. So, the U.S. has its own, the financiers have their own, the
Speaker A
money is also assets, and the real estate owned by the financiers, the state-owned property, or the real estate agent, the government agent, there are various real estate agents, and there are various things. The most common is real estate. And in the future, Bitcoin
Speaker A
is also the asset of the tax office. And now, the legal department, we need to check if it's still in session, but it's still the asset of the legal department that has been confiscated by criminals. There are about 1 million bitcoins
Speaker A
already. Then, if the financial department moves this to the property of the financial department and the financial department takes the dollar based on this, to be precise, if the state-owned company is issued, people will now trust gold and use it. and trust real
Speaker A
estate and write it down. There is a single part. Now they are trying to create this system. The U.S. administration, which is centered on the Secretary of State for Finance, now says, "Trust the U.S. government and write it down." What do I trust
Speaker A
you and what do I want you to trust? Now that this is the case, then the real estate and and trust in gold and Bitcoin. So, the US can no longer operate this system of increasing national debt by taking dollars as a tax. So, let's first collect
Speaker A
assets and do something based on these assets. So, President Trump issued an executive order to make a national fund called SWF last February. And then, for the past year or so, we have been working on how to put these national funds into what assets and how to
Speaker A
operate them. We have been working on a huge project with the members of the Republican Party and the White House, which are centered on Secretary of State Scott Pesent, Secretary of State Howard Ratnick, and Secretary of State Cynthia Lewis.
Speaker A
So what did they decide to do? I have to say one thing here. The new president of Tabinos will soon take office. Now, there is a problem with the compensation of assets, so it was originally scheduled to be adopted on May 15th. but
Speaker A
they still need time to sort out the property issues, so they haven't been hired yet. But if the issue of the second-hand property is resolved, they will be hired right away. Even if it's late, they will be hired before the
Speaker A
next FOMC meeting. If Kevin Ross, the new chairman of the New Party, takes office, what will he do first? I explained this before, but I will explain it again to connect it with the National Party Fund. When the new president of Cabinet, Mr. Yeo, takes office, he sets up
Speaker A
a new tax-collecting agreement. The new tax-collecting agreement is an agreement that strengthens Yeo's independence. To be more specific, Yeo will focus on the currency policy and the currency policy. If I say more, Yeo will say, "Why should Yeo buy the
Speaker A
state-owned company issued by the tax-collecting agency?" why should we buy MBS bonds issued by the monthly market? It is not Yeonjun's job to buy these assets and make money in the market. Yeonjun's accounting business has assets worth $6.5 trillion. Most of these
Speaker A
assets are US state bonds, and some of them are MBS bonds. What I mean by this is that the company bought the asset in dollars. That's how much dollars were released to the financial institutions or the market. But the head of
Speaker A
the Cabinet, Mr. Yeon Joon-hee, thinks that what he has to do is to control the inflation fighting. And he would have said that in an interview with President Trump. President Trump has the idea that Kevin Hussey has the idea, but he has
Speaker A
a way to achieve the goal of both reducing the situation and reducing the interest rate. He has a way to achieve the goal of both reducing the situation and reducing the interest rate. He has a way to achieve the goal of both reducing
Speaker A
the situation and reducing the interest rate. He has a way to achieve the goal of both reducing the situation and reducing the interest rate. He has a way to achieve the goal of both reducing the situation and reducing the interest rate. He has
Speaker A
a way to achieve the goal of both reducing the situation and reducing the interest rate. He has a way to achieve the goal of both reducing the situation and reducing the interest rate. He has a way to achieve the goal of both reducing
Speaker A
the situation and reducing the interest rate. He has a way to achieve the goal of both reducing the situation and reducing the interest rate. He has a way to achieve the goal of both reducing the interest rate. He has a way to achieve
Speaker A
the goal of both reducing the interest rate. He has a way to achieve the goal of both reducing the interest rate. He has a way to achieve the goal of both reducing the interest rate. He has a way to achieve the goal of
Speaker A
both reducing the interest rate. He has a way to achieve the goal of both reducing the interest rate. He has a way to achieve the goal of both reducing the interest rate. He has a way to achieve the goal of both reducing the
Speaker A
interest rate. He has a way to achieve the goal of both reducing the interest rate. He has a way to achieve the goal of both reducing the interest rate.
Speaker A
He has a way to achieve the goal of both reducing the interest rate. He has a way to achieve the goal of both reducing the interest rate. He has a way to achieve the goal of both reducing the interest rate. He has a
Speaker A
way to achieve the goal of both reducing the interest rate. He has a way to achieve the goal of both reducing the interest rate. He has a way to achieve the goal of both reducing the interest rate. He has a way to achieve
Speaker A
Then, in this new financial ministry-Yeonjun agreement, what Kevin Ross is trying to do is to eliminate the assets that are worth 6.5 trillion dollars over the long term. What I mean by that is, we sell the state property that Yeonjun has and sell
Speaker A
the MBS bonds. When the monarchy is in trouble, we don't do the transfer and just make it liquidated. That means that Yeonjun will no longer buy the state property and will even sell the state property he has. Then who will pay the money?
Speaker A
Then how will someone buy the state property that Yeonjun sells? This problem occurs. And how does Yeonjun sell the state property and control assets without absorbing the liquidity in the market? You have to make a zero by minus minus the assets of $6.5
Speaker A
trillion. Then this means that I will sell the state and pull the money in the market. Then the mobility decreases. In the month. Then the mobility of the asset market decreases, so the state and real estate are down. This is what President Trump
Speaker A
hates. Then I understand. You strengthen the independence of the year. But we have to release the money. What is the way to satisfy both? Thinking about it, it's asset revaluation. There is a gold certificate among the assets that Yeonjun has. That's a certificate
Speaker A
issued by the finance ministry. It's like a bond. It's not a bond, but it's a gold certificate. Yeonjun issued a certificate of 8,000 tons of gold and sold it to Yeonjun. Yeonjun took the money and gave it to the finance ministry at the
Speaker A
price of buying the certificate. This is what's written in the certificate. It's like a gold price correction law in 1973. I can't think of a precise name right now. It's currently $42.22. This is the amount of $35 at
Speaker A
the airport. I adjusted the amount. But the current gold price is over $4,500. Why don't you write this down in the market price? So, let's write down the gold market price as $4,500. I don't know exactly how much to write, but
Speaker A
if you write it down as $4,500, the asset of the gold deposit will be $1.3 trillion from $1.1 billion. Then, there is a difference of about $1.2 trillion.
Speaker A
Then, the difference itself increases. The gold certificate is now $1.1 billion, so the total assets are $6.5 trillion in the account book. But if you re-evaluate the gold certificate and make it $1.3 trillion, this asset is $6.5 trillion plus $1.2 trillion. Then it becomes $7.7 trillion. If this happens, Yeonju has to
Speaker A
put that much in the account of the tax office. That's how the account is right. If you have more assets, you have to have more bonds. So, after dividing this T, the left side has more assets. Then the right side has more bonds,
Speaker A
so it's called a double bond. It's going to be 0 from the plus. To match this account, Yeonju is issuing a dollar in the bond category and putting it in the tax office. This is how the finance ministry makes money. And this is
Speaker A
how the Fed re-evaluates gold. If this happens, the finance ministry will buy the state property in the market with that money, or buy the state property that the Fed has and burn it. Then that much money will be released. This is Trump's way
Speaker A
of both. If this is the case, Kevin Ross says, "Don't do one-to-one." "We'll do one-to-one with the money we re-evaluate." Then we'll do one-to-one. Kevin Ross says, "I don't have to do one-to-one anymore." "I'm just going to do the call policy." "I'm raising
Speaker A
the interest rate now, but I hope it's lower." This is how the finance department is good and the cabinet is good. This is a good way to do it.
Speaker A
So, re-evaluate the gold and do QE with the financial department and adjust the interest rate for the interest rate. But they said they would do this, and after they said OK, they said, "If I get a job, let's do that." And they made
Speaker A
an appointment. But when I came home and looked at it, there was one problem.
Speaker A
Did you find any problems out of what I just said? It's like a law to re-evaluate the gold, but this is not a law. In the Great Depression, they re-evaluated their assets in this way and spent money. The United States is legal.
Speaker A
- The fact that the assets are increasing means that the dollar has been taken as much as the increased assets. But Kevin Ross said, "I'm going to reduce the replacement balance." But if you re-evaluate the gold and send the money to the finance minister,
Speaker A
the finance minister will do it, but if you look at it, I thought it was good, but the assets are increasing. The finance minister will reduce it again if he buys the state property that Yeonjun has. He received $1 trillion, $12 billion. The
Speaker A
financial department buys the state property that Yeonjun has. Then Yeonjun has no assets. It's decreasing. Kevin Ross originally said this. Then, from Kevin Ross's point of view, the assets don't increase or decrease. Just re-evaluate the gold. The state debt is reduced. But the
Speaker A
gold certificate is up. Then, from the financial point of view, the state debt is reduced. What's good about that? The debt is reduced. If the financial department does this, the financial department will definitely have the effect of reducing debt. But the financial department
Speaker A
doesn't want to do that. Because people have to buy stocks, buy Bitcoin, buy gold, buy real estate, and have to run a midterm election. If you don't use the state that we have with this, I can only increase my assets. Kevin
Speaker A
Hussey kept saying to the Secretary of State of the State of the Scorpio, "Don't use that money to sell it to the market. Pay me back." So I kept saying, "I have to match the alternative asset evaluation." But the Scope-Basin finance
Speaker A
minister said, "What do I do to re-evaluate assets if I do that?" "I'm trying to make money." "Don't talk nonsense, just do what I want." I saw that the cabinet was dissatisfied. 1.2 trillion dollars of assets increase. It's going to take more time
Speaker A
to do what you're trying to do. It's going to take a lot of time to organize 6.5 trillion dollars. It's going to be 7.8 trillion dollars. Now, this is where the lock-up happened. The two were doing great, but Kevin Hussey said, "I don't
Speaker A
want to do that anymore. That's only good for you. Only good for Trump. I have more assets. You guys paid me for that. You're not going to pay me back. You're going to spend that money. Then I'm the only one who has more
Speaker A
alternative options. Then I said I'd cut my assets when I was interviewing, but I have more assets. Now, I don't think Kevin Hussey will listen to me. So what should we do? Re-evaluate the gold. The yen can not increase the asset. The
Speaker A
scopess is a debtor and Trump can use money. So from then on, the wealth fund began to appear. How will this be connected? First of all, I will explain how the Goof Fund will be operated. This is what
Speaker A
Yeonjun is trying to do now, and what the finance minister of Scope Essence is trying to do, and the idea that the two people are satisfied with has been recently found. What do you do? Make a Goof Fund. Goof Funds make a special
Speaker A
purpose company called SPC. Then, the financial department of the special purpose company puts in the assets they have. SPC is a company because it is a special purpose company.
Speaker A
It is a company made by the state. After making SPC, the name is called SWF. It is a company with the sign SWF. The financial department of the US financial department spends the assets they have on this company. What do they do? They
Speaker A
spend it on gold certificates and US state bonds. and the real estate. And we will invest in the next 100 million bitcoins that will be transferred to the criminal who will be the legal director. Then, in this Guppo Fund, assets such as gold,
Speaker A
bitcoin, American real estate, and state-owned property issued by the U.S. Treasury will be gathered in enormous amounts. So, we will launch about $6 trillion as seed money, seed assets.
Speaker A
But with this $6 trillion, Then what are you going to do? Then, with this asset, you make a bond that guarantees this asset. You make a bond and sell this bond. So, you make a bond that guarantees this asset and sell it. But
Speaker A
there is one problem. To be exact, it's not a bond, it's a certificate. You have to make a certificate of the assets that the national fund has and sell it to the monthly dealers. Then, with the money that is sold, it is invested
Speaker A
in companies. Invest in Nvidia, Samsung Electronics, and Tesla to make money. With the money, the United States does what it wants. Buy more bitcoin, buy more gold, and do more. The United States also makes money. I have one problem. The
Speaker A
certificate issued with this asset as collateral cannot be bought monthly. It's legal because if the monthly price is to buy a certain evidence and pay it back with assets, the liquidity should be high-liability assets of level 1. Or, if the
Speaker A
monthly price invests low-liability assets of level 2 or level 3, it should be discounted and written in the asset category. If you buy a million dollar asset, you have to pay it back with $500,000. Because it's low-flexibility. Because it's an asset
Speaker A
that can't be cashed out like cash. This is not cash. Then you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like
Speaker A
cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you
Speaker A
can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it
Speaker A
like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so
Speaker A
you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use
Speaker A
it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash,
Speaker A
so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't use it like cash, so you can't
Speaker A
use it like cash, so you can't use it like cash, so you can't use it like cash, so RWA is the token that is issued in the blockchain world.
Speaker A
For example, if there is a real estate, the real estate is issued as a token based on the asset. For example, if there is a building in Washington, D.C. that is worth $1 billion, then $1 billion is divided into billion and issued as a token. RWA
Speaker A
is a digital token. RWA is a asset. Since the amount of gold, Bitcoin, and real estate is heavy, it is not a mobile asset. This is raised to a digital token on the on-chain. At this moment, it becomes a mobile asset that
Speaker A
can be traded 24 hours and 365 days. High liquidity assets of level 1 class, called HLQA, are legal assets. Only high liquidity assets of level 1 class can be invested in monthly. Because it is a asset that can be written without a discount on the market. So, the moment
Speaker A
it is made into RWA, all the assets that the national fund has become highly flexible assets that the monthly price can invest. So, the United States has a bond that is issued by the financial department, issued by Bitcoin, issued by real estate, They
Speaker A
tried to make money by issuing a certificate, but the monthly price was not enough.
Speaker A
So they made it into a high-mobility asset called RWA and sold it to make a monthly price. So they finished all the simulation work to make it into RWA.
Speaker A
There is another problem. RWA is a high-mobility asset, but there is no legal basis yet. What I just said is a result, and now it is legally guaranteed as a high-mobility asset. When did this start? After the Clarity Act passed
Speaker A
on May 14. It passed the financial crisis. If the meeting passes, it will be the last time to actually stamp. So, if the meeting is held in June, RWA will become a high-flexibility asset that the monthly investor can invest in. This is the
Speaker A
RWA's goal to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the
Speaker A
first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first
Speaker A
to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to
Speaker A
be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be
Speaker A
the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the
Speaker A
first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first
Speaker A
to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to
Speaker A
be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be the first to be
Speaker A
the first to be the first to be the first to be the first to be the first to be the first to be the first to be the The article says that RWA assets can be invested as existing assets
Speaker A
as a mobile asset. It's legally blocked. If this Clarity Act had not been passed or if there was no article 401 of the Clarity Act, the national fund would be disbanded. So why is the Clarity Act important? People thought that the credit
Speaker A
act was a product or a token of Bitcoin. But the monthly payment was much more than the Big Tech or the US government wanted. Because the U.S. government tried to control the world's assets by creating an on-chain asset called RWA. But to control that asset, there
Speaker A
is no legal basis for RWA. And the U.S. cannot invest in a heavy low-mobility asset. And there is also the U.S. Gold Separation Act. So the U.S. government cannot invest in oil or real estate.
Speaker A
You can only invest in financial assets. So this 4.4 trillion won has many meanings.
Speaker A
RWA is called on-chain digital assets. When you look at it from the legal financial point of view, it becomes a financial surplus asset. It becomes a financial asset. Real estate is a real estate that real estate that real estate that real estate that
Speaker A
real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that
Speaker A
real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that
Speaker A
real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that
Speaker A
real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that
Speaker A
real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that
Speaker A
real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that
Speaker A
real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that
Speaker A
real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that
Speaker A
real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate that
Speaker A
real estate that real estate that real estate that real estate that real estate that real estate that real estate that real estate So, since he passed the minimum wage this time, in June, there is a legal problem with Trump's family, but it is
Speaker A
considered that he will pass the minimum wage. If he passes the minimum wage in June, then on April 14th, Now, the U.S. national fund has re-evaluated the gold and is able to sell the gold certificate to the monthly price. Now, there's another
Speaker A
problem here. If you sell the gold certificate called RWA to the monthly price, then what happens is that the monthly price owns the gold. The gold certificate is gold, and the RWA certificate is gold. The monthly price owns the gold. In
Speaker A
short, the finance department made gold into a RWA token and sold it to the monthly price. What happens if the gold price goes up later? The evaluation difference is also the monthly price. But the U.S. doesn't want that. The evaluation difference is mine,
Speaker A
and I'm trying to issue this certificate and pull the money I need from the monthly price. In other words, I'm trying to issue a currency. I want to sell the certificate and make money, but I want to do financing,
Speaker A
but I don't want to hand over my ownership to the monthly. Here's another idea that Kevin Ross came up with. Kevin Ross was a economist at the time of the year. So, even if the Scope-assist finance minister makes money,
Speaker A
he doesn't want to sell it to the government, but he needs money. Kevin Ross appeared and said, "Let's solve the financial and engineering problem. If we sell the RWA token as it is, the consumption will go over." Then the RWA token is an
Speaker A
asset. Let's issue a bond based on this asset. They issue RWA tokens based on gold and issue bonds based on RWA tokens. If you sell these bonds, you're borrowing money. But you don't get the ownership right. You get the ownership right. It's about
Speaker A
the ownership of gold. In other words, you're selling gold. But you're not selling gold.
Speaker A
You want to borrow money based on gold. The U.S. has been spending money like that. They borrowed money from the U.S. on the basis of their credit. But now, people don't trust the U.S. credit, so they want to borrow money from the monthly
Speaker A
account on the basis of gold. But if you sell RWA tokens as they are, you'll lose your ownership, so you don't want to lose your ownership. Then, based on the RWA token, they issue blockchain bonds. Gold bonds. Bitcoin bonds and real
Speaker A
estate bonds. If you issue bonds, the monthly payment is to buy and invest in the bonds, and the financial department borrows the money. If you do this, you will issue bonds to Yeonjun and borrow money. So the US group fund is trying to use this method.
Speaker A
Then, look at the future. What I was going to do was re-evaluate the gold certificate that Yeonjun has, and I was going to give money to the finance department by taking Yeonjun's money. I'm not satisfied with the cabinet because the asset is increasing.
Speaker A
But this gold certificate is put in re-evaluation. After putting it in the coupon, it is issued as a bond here. It's not getting money from the player, but it's selling bonds to the monthly banks. Then re-evaluation of gold
Speaker A
is the same, but the replacement balance of the annual interest rate does not increase.
Speaker A
The replacement balance of the monthly interest rate increases. So, the cabinet is satisfied. And the Scopec and the finance minister are satisfied. And the monthly investment product increases, so the high-mobility asset increases, the same high-mobility asset as the cash. So the monthly investment
Speaker A
is also good. It's a way for everyone to be satisfied. No one will hate it. If you find a better way than this, you will do so. But now, they are making national funds and tokenizing the re-evaluationed car interest into RWA and
Speaker A
issuing bonds to the monthly interest based on RWA. It's a little complicated, but they're going to sell gold and buy Bitcoin and pay the state debt. I was going to re-evaluate the net worth with a specific method, but I was going to
Speaker A
get the net worth and the car tax and sell the money to the market.
Speaker A
Kevin Ross suddenly thought about it and I was fooled. I was fooled by the Secretary of Finance of the Score% and it wasn't a good way. So we gathered again and discussed it. I've met BlackRock and Reddy Pink, and they say RWA can
Speaker A
do this and that. If you do that, you can sell your assets to the monthly account and use it as a RWA collateral. If you sell it to the monthly account, your assets won't increase. The monthly account increases its own assets and organizes
Speaker A
them. Because it's a high-mobility asset, you can roll that asset. The monthly account won't just have the level 1 asset. They receive interest, but they trade with the leper. They sell the asset to the leper. The leper turns off
Speaker A
the dollar. But this is a day's deal. So, in the shortest and shortest period of financial transactions, the active assets that the monthly price has to be the assets that Yeonjun has recognized. It has to be high quality, and the price has
Speaker A
to be less variable. So, only the assets that are recognized as Yeonjun's law are called a rapport, a short-term bank transaction. So, between Yeonjun and JP Morgan, you have to hand over your ownership of the bond I received the dollar. I actually sold
Speaker A
it. But this is a sale. It's now a mortgage. It's not completely sold. I borrowed money with this as a mortgage. Legally, the ownership is completely passed. Sell it for a day and get the dollar. The next day, I pay the dollar and
Speaker A
get the bond again. So, from the perspective of the company, the asset doesn't increase because they keep trading. They receive it for a day and give it the next day. And from the perspective of the monthly salary, they receive the dollar at a
Speaker A
low rate and operate the dollar. They can invest in assets with leverage. The monthly salary does not have assets of the national currency grade. It operates. So from the U.S. government's point of view, they issued a bond with gold RWA as collateral, and
Speaker A
this bond keeps going around the market. Then this has the effect of expanding the exchange rate and increasing the dollar. Because the account keeps moving. So, in fact, the way the bank makes a credit is that the account keeps moving. I have 10,000
Speaker A
dollars that Yeonjun has. and only left 10% of the money. Now, they don't leave 10%. JP Morgan just borrows 10,000 dollars. Then JP Morgan leaves only 5% of the prepayment and turns it off to the individual. Then this individual puts $9,500 in his
Speaker A
or her Goldman Sachs account. Then, since the account has increased, the currency increases. $9,500.
Speaker A
It's not like someone took it out. This is how the financial system creates a credit. It's a very cool word, but it's a loan. It's a loan equal to a currency. But as the asset is transferred, it's as good as it is. It
Speaker A
actually has an effect on the economy. This is what Trump is imagining. High mobility, that acknowledges that the yenjun is an asset. And in the future, the RWA bond will be an asset based on the credit act. Then, in
Speaker A
this way, President Trump will create a fund, re-evaluate gold and real estate, and make various assets into RWA tokens, and then issue bonds based on them and sell them monthly. The monthly payment is the primary dealer.
Speaker A
When the U.S. state-owned enterprises are issued, they are called primary dealers such as JPMorgan, Goldman Sachs, Morgan Stanley, and Kenton Fitzgerald. The primary dealer is a company that buys the U.S. state-owned enterprises unconditionally. Instead, they receive various regulations and benefits. Instead, if the U.S. takes a picture of the state debt, it
Speaker A
will buy it unconditionally. It will buy everything. Then they will buy the state debt and not have it. They will trade with Yeonjun and Rapport or with other financial institutions. But what Trump wants now is who wants to buy this Bitcoin RWA bond,
Speaker A
gold RWA bond in the second trade. Who wants to buy? Stablecoin companies want to buy. Here's where the Genius Act comes out. The Genius Act passed on July 30 last year. There's an eligibility for prepayment. This is different from the eligibility for prepayment
Speaker A
of the year. When Stablecoin releases a stablecoin, you have to put in prepayment like the year. What kind of qualification should this prepayment have? There's an eligibility. In short, the U.S. state-owned company under 910,000. and only dollar cash is possible. Only cash
Speaker A
assets are possible. Under the 20th of the millennium, only cash assets with a 100% prepayment must be filled to become an effective stablecoin company and issue digital dollars that the US government acknowledges. It's cash at any time.
Speaker A
In this cash at any time, RWA and RWA-based bonds are included. That's because of the Clarity Act. Then, from now on, stem coin companies can buy bonds based on gold RWA bought by primary dealers, JP Morgan, and buy bonds
Speaker A
based on Bitcoin RWA. This is because it is a high-mobility asset that is in contact with US short-term currencies. This is because of the regulations of the CLARITEC Act passed this time. So, according to the original Genius Act, it was a
Speaker A
short-term state property under the age of 93 days, a short-term state property under the age of three months, and the US dollar was the only asset that was eligible for prepayment. As the Chronic Act was passed, the RWA-based bond was also listed as
Speaker A
a mobile asset. So, in simple terms, the stablecoin companies can buy bonds based on gold and Bitcoin issued by the U.S. Treasury Department. The primary dealers buy and the stablecoin companies buy in the second transaction. But primary dealers never have their assets
Speaker A
as they are. They turn it into a second-hand. Then, when they turn it into a second-hand, they need someone to buy it from the second-hand market. This is what all-gods want. Because they have to sell their assets. So, let stablecoin companies put gold
Speaker A
and bitcoin bonds in the ready-to-buy money. This is what was included in the Genius Act's implementation plan. So, stablecoin companies will want to buy more Bitcoin and gold bonds than U.S. state bonds. Because the U.S. state bonds are saying,
Speaker A
"Trust me." But what do the gold bonds and Bitcoin bonds issued by Goof Fund trust? There's a cash in the safe. What's better? In a crisis. Of course, a bond based on cash is good. That's safer. What would
Speaker A
you buy? You'd buy gold and Bitcoin bonds. Then how will the Trump administration use money in the future? They're going to use gold bonds and Bitcoin bonds. Then what is that? It's a gold-based tax and Bitcoin is a base tax. But gold is
Speaker A
also a digital RWA token. Bitcoin is also not just Bitcoin, but an RWA token.
Speaker A
Both are digital gold. So if it's a lump, it's going to be a digital gold base tax. This is what the Trump administration is trying to do by making a national fund. Why is all this possible? From where? Clarity Act passed the
Speaker A
last round of the SOE on May 14th, and everything became possible. If you didn't pass the SOE, Then everything is meaningless. You have to wait until it passes.
Speaker A
If it doesn't pass, all the legal requirements I mentioned will be invalidated. So when President Trump was about to announce the digital fundamentalism, the Bitcoin fundamentalism, what day did he wait for? May 14th. I waited for the markup to pass the Claritect 4.401.
Speaker A
So I'm going to announce the Bitcoin original tax on May 14th. Because the moment this item is known to the world, I will understand that it will go to Bitcoin original tax. But all of a sudden, it's going to take a lot of
Speaker A
time for the market to understand all of this. President Trump has not yet explained the meaning of the 4,400 trillion won passed on May 14. So when are you going to do it? What I couldn't do on May 14 is a
Speaker A
little bit now. I was dare to say that, but when I saw this situation, it was a matter of time. It's already a situation where there's nothing strange to announce anytime, and I'm going to announce it. But when are you going to announce
Speaker A
it? In my opinion, it's a preparation for the modernization of the money that the Senator of the Senate changed the name of the re-election. Yes, there will be a revision. What is written in the resource allocation section of the preparatory fund modernization law?
Speaker A
It says that you will re-evaluate gold and buy 1 million bitcoins for 5 years.
Speaker A
There is only the content of re-evaluating gold, but there is only the content of re-evaluating gold evidence. But how to re-evaluate this and allocate money The Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of
Speaker A
Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance,
Speaker A
the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the
Speaker A
Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister
Speaker A
of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of
Speaker A
Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance,
Speaker A
the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the
Speaker A
Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister
Speaker A
of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance, the Minister of Finance So, we will modernize the prepayment. Prepayment is gold now, and Bitcoin in the future. We will modernize it to a
Speaker A
new form that is in line with the advanced technologies of the 21st century. What is the plan? We will use RWA blockchain technology to check this. The combination of the legacy of the fundamentalism of the past and the advanced
Speaker A
technology of blockchain has led to the fact that the United States is preparing thoroughly for the era of the new digital fundamentalism, that is, the new era of the new dollar-pact based on real assets, and now we will do as it is. If
Speaker A
we don't do this, the United States will no longer be able to sell its bonds. This is not a matter of choice, but a must. All the forces that block this are now enemies of Trump's administration and the Republican ruling party. We're going
Speaker A
to press it in any way and deal with it in any way. So this time, the strongest threshold that Clarity Direct was able to pass the markup is also 4.401 trillion won. Because this is a monthly return. They can't invest in oil, they
Speaker A
can't invest in real estate, but RWA Suddenly, it became a digital financial asset, so you can invest in oil, real estate, and gold. All real estate in the world can be dominated by the monthly price. Then this has to pass. But the interest
Speaker A
problem is a very important problem, but it was less important than the fact that RWA was included in the digital financial asset regulation. So, the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate
Speaker A
of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate
Speaker A
of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate
Speaker A
of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate
Speaker A
of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate
Speaker A
of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate
Speaker A
of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate
Speaker A
of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate
Speaker A
of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the Senate of the It's a three-person interest payment. I'm not going to give
Speaker A
you interest on a simple stock. I'm persuading you to do these two things. Instead, let's compensate for the action compensation. Then what do you eat and buy with the stable coin? Does that mean it's all ruined? If the stable coin companies fail, the
Speaker A
RWA market itself is meaningless. I'm going to buy RWA with the stable coin. So if you want to do what you want, the stable coin companies have to save it anyway. So to get through 4.4 trillion won as soon as possible, I
Speaker A
think the U.S. will do whatever it takes to make gold and Bitcoin Bitcoin's interest rate will increase. Because that's what's going to make money. But the more Bitcoin and gold, the more the basis assets that can be used. To be exact, the U.S. can keep increasing what it has. Why? Because
Speaker A
it's become a RWA token. RWA tokens can be traded for 360 days a year, so the number of tokens itself increases a lot. But you sold this to Wolga as a bond. As this bond goes around, and there's one more thing. If you
Speaker A
issue this RWA token, the U.S. Treasury Department doesn't have this RWA token. It's a JPMorgan's bribery. It's a bribery of a safe JPMorgan financial company. Then the bribery company, JPMorgan, Goldman Sachs, and other mortgage companies are rolling out mortgage assets. As the mortgage
Speaker A
assets are transferred to the bank, they continue to increase. So in fact, it has the effect of increasing gold and Bitcoin. This is the same as the increase in dollars through loans on the bank. It's the same logic. So if Russia and
Speaker A
China continue to own gold, China and Russia are buying gold and Bitcoin for 8 dollars. So from the US's point of view, China bought a lot of gold. The way to make it free is to make it a class. and the nationality data is
Speaker A
released on the on-chain data. If it's Chinese gold, then they'll do a discount. They say they mixed Chinese gold and tungsten, but where did they get it from? They say they took it from a branch or child labor. So, they grade it according
Speaker A
to nationality or origin. Then, Chinese gold is 50% discounted, Russian gold is 80% discounted, so it can't be sold in New York and London. This is the first way to neutralize the origin of China's and Russia's origin. The second way is that
Speaker A
the best players who are really good at wrestling are the ones who use the power of the opponent. For example, when you get power, it's incredibly hard for me to fight back. I have to press it with more power to hold on.
Speaker A
But it's a flip. When the other person pushes me in, I don't fight back, I flip it. That person is being pulled by his own power. This is what the U.S. will do. I'll flip it. What does that mean? Now the U.S. is
Speaker A
going to go to gold and Bitcoin. Digital gold and Bitcoin. Then it becomes a credit asset of the U.S. dollar. It becomes a basis for supporting credit. But countries like Russia and China, countries like Europe, suddenly buy gold. They want to sell it
Speaker A
to the dollar. Then what happens? The gold price goes up. The Bitcoin price goes up. Then the dollar-based asset price goes up. Then what happens? You can make more dollars. Gold and Bitcoin are assets that guarantee dollar credit. But suddenly, the debt war
Speaker A
is going on. Russia and China. So they buy a lot of gold. As a result, the price of gold goes up. Then who likes it? Because they want dollars.
Speaker A
Then the United States... The trust in the property is increasing. Then who is good at the debt competition? It's good for the U.S. But the U.S. has a lot of gold. I told you earlier. I can't sell it in the Western market because
Speaker A
it's a class. If they buy it, they can't use it for themselves. This is very scary. But how is this possible? It's because they're going to pay with stable coins only on the on-chain. In the meantime, the dollar payment is called the Swift
Speaker A
network. It's a very low-level financial network because it's a human being's job and it's a messenger network. There are many "grey markets" where you can't see the people. So, in a nutshell, there are many places where you can sneak in. Iran sold oil
Speaker A
to China without the help of Swift, and they sold oil in Malaysia and Cambodia by changing the oil line and washing it. Venezuela also sold oil in various ways.
Speaker A
But the United States can't stop it. Because it's what people do. But if you trade on the blockchain, as I said, stablecoin and blockchain can be programmed. You can stop everything in advance. For example, Samsung Electronics suddenly tried to buy Nvidia's chip with
Speaker A
a dollar stablecoin received from Huawei, and the alarm suddenly rang. Why? Because the Chinese stablecoin you received from Huawei is contaminated. You can't buy an NVIDIA chip with this. This is what the stablecoin companies need to do. From
Speaker A
the time the stablecoin is issued, the US Department of Defense must put the required information into the program. Then, only the US can buy American assets in the way the US wants. But if you sell gold assets or various assets that China or
Speaker A
Russia has, you can only trade them with stable coins in the future. If you program it so that China can't buy the assets, the Chinese gold and Russian gold will just become stones. This is very scary. And if you buy a stable coin
Speaker A
in the future, What I mean is, if I buy a stable coin, the stable coin companies will buy digital Bitcoin bonds and digital gold bonds as their ready-to-buy assets.
Speaker A
Then the stable coin I have is on the most stable asset base. Then I will use the dollar, I will use the stable coin. I use the stable coin.
Speaker A
Then the most secure The safe assets are digital gold and digital bitcoin bonds that I just mentioned. It can be bought by a civilian. Then, in the past, I bought stocks or state-owned enterprises in the U.S. What would I buy? It's safer. Because
Speaker A
it's based on cash. Then, you have to buy stable coins to buy U.S. gold bonds. You have to buy stable coins to buy U.S. bitcoin bonds. Then, there is no safe asset more than that. It can't be designed yet. It's the safest asset.
Speaker A
Then it will be there. The more the sense of security is increased, the more money of the safe asset will be accumulated. Then the dollar rate to buy stable coins will increase. So all the currency we have will change to dollars. To invest
Speaker A
in American assets, to buy American Bitcoin bonds, then what happens to the exchange rate?
Speaker A
The exchange rate is so high. It's 1,500 won now, but it's 2,000 won or 3,000 won. The United States wants this. It will absorb all the liquidity in the world as it wants. and then they will be distributed in the semi-coin market. What
Speaker A
happens then? The exchange rate keeps going up. I bought 1 dollar for 1.5 dollars.
Speaker A
I bought 1 dollar for 1.5 dollars. It keeps going up. In 10 years, it will be 3 dollars. Then what happens? All the liquidity we have is just thrown away when we change to dollars. Then what should we do? The Korean and Japanese
Speaker A
governments. The American currency bond has to be made into a financial asset. Then we have to make a Bitcoin bond. We have to make a gold bond. But we need to make such a safe asset. Have you seen anyone investing in Korean state-owned
Speaker A
enterprises? It's an unstable asset. But then, there are digital bonds based on real estate that the US SWF National Fund guarantees. We have to keep changing the dollar currency to the dollar. And in order not to change the currency to the dollar, we
Speaker A
need to make such an investment. Then we have to issue a bond on-chain with real estate as collateral, and a bond on-chain with gold as collateral, and a bond on-chain with bitcoin as collateral. The yield is better than that. And the asset status
Speaker A
is better than that. Then what should we do? We need gold and we need bitcoin. That's right. We don't have gold and bitcoin, but how do we issue a bond based on that? Japan is the fastest place to
Speaker A
realize this. Because Japan is constantly raising the interest rate. Since Japan has been raising the interest rate since last year, carry trade and other funds around the world are constantly being sucked into Japan. Why is that?
Speaker A
The U.S. is trying to make assets based on cash and suck up the mobility of the world. What will Japan do by raising the interest rate and sucking up its own mobility? Japan also has to make digital, on-chain assets and tie their own
Speaker A
mobility into it. Otherwise, Japan will also be in trouble. China, Russia, and the oil companies of the Shia are all united. China is the only country that is jealous of the world, and Russia is also a very powerful country. Europe and the United
Speaker A
States have a relationship of hostility. They are both in the same place, but they are similar in need. They are all together. If the situation is difficult, they are all together. But after all that, we weren't that close. We were just good friends
Speaker A
and had a good time. But now that the economy is getting worse, we have to get even closer. Then the U.S. will fall out. The U.S. will take Europe out. So, even the Anglo-Saxons don't try to be friends with the same English speaker.
Speaker A
They think they're the only ones who can live well. So, Europe is thinking, "I don't have anyone to trust, but should I stick with China?" Most of the OECD countries went to the CIS. Five of the G7 countries met the CIS. What I
Speaker A
mean is, the U.S. is trying to make us go all out. Then we have to show them that we are clinging to China. You should be nervous. That's why they are so stubborn. They don't have any loyalty or anything like that. They just
Speaker A
said, "I've been using it in the U.S. for a while, but they said they wouldn't help me because I suddenly decided to leave. Then I'll stick with China." China has its own measures, and I haven't studied it in detail, but China is a
Speaker A
very good country. I like Chinese alcohol, but when I drink it, I feel it.
Speaker A
They're not kidding. No matter how good you drink Valentine's Day or Johnny Walker, it's nothing. I drank it because it was expensive and good. But you try the Woryangye, Mao Taiju, and Sujeongbang. China has a history of 5,000 years. This is a trick
Speaker A
that Westerners can't imitate. So we can't ignore China. But there's definitely a way China will respond to this. But the United States is still the first Pekong country, so it's possible that the United States will go in the direction it wants. And the
Speaker A
financial crisis or something like this, China won't let the United States do it. Because the world's gold and silver has been a gold and silver for 100 years, so there are all sorts of old age. In the end, it's a dream. I'm going
Speaker A
to take a stone out of nothing. But I made it look like this and make it look like this. I'm going to make it with gold and Bitcoin as a base, but the RWA is able to be infinitely reproduced. It's the same as
Speaker A
taking out a coin. So it takes time for me to figure out this, so I spend dollars during that time. Later, I figured it out and saw that it wasn't much, but it was the same, and it will be like this in the
Speaker A
future. In the end, I'm going to take more dollars. But it's complicated now. If the previous world tries to understand this, it will take 50 years. Because it took 50 years to understand what the Nixon Shock was. We thought about the new system
Speaker A
called Nixon Shock. We thought, "What is this? This is a system like this. We have to respond like this. This is something bad." It took about 30 to 40 years and then it was over in 20 years. That's the IMF financial crisis. But
Speaker A
we created a new system in the United States. But it takes another 50 years to interpret that. And then it's going to be destroyed again. And then, in 50 years, there will be another financial crisis.
Topics:Sovereign Wealth FundUS national fundTreasury bondsglobal financedollar dominanceBitcoingold reservesScott PeayTrump administrationBretton Woods
