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CNBC Power Lunch July 12, 2024

Now. Power lunch starts now thanks welcome to power lunch broadcasting from a secure and undisclosed location the nasdaq on pace for its first negative week since june lets go to bob for more on the marks. Bob. Choppy trading but very narrow trading range bio tech sb flat energy, oil has been hugging 40 for a month now. Were down today but up overall in the week. Banks are down but up on the week and had a pretty good week. Amazon down about 8 this week one of the worst week its had in a long time all the damage in netflix has opinion today. The problem is when you have megagabe kaplerture ecagabe kacm players. Thats a head and shoulders, folks round trip the same situation with netflix, really netflix was 500 a couple of weeks ago. It goes to 580 and then its back down to below 500 thats another semi head and shoulders. We keep trying to get over 3230. Were just keep knocking on the doorp that guys have a good weekend. The same to you the
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RT Boom Bust July 13, 2024

A student youre a farmer youre a construction worker every Single Person every single iranian citizen living in malaysia not even living in iran is being affected and now they have no access to Capital Markets they have no access to banks how is the city how is someone living in malaysia supposed to survive if an entity such as the u. S. Can come in and strong arm the country into shutting down your Bank Accounts like you said kristie a lot of these people are now relying heavily on these crypto currencies but could countries really ever block the use of them because theyre becoming so popular. Were putting the palin being. As the on ramps and they say on ramps and they are fab said our problem theres absolutely no censorship in the network itself so if youre on crypto you can pay with crypto you can own it and transfer a ....

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RT Boom Bust July 13, 2024

A private cryptocurrency a global basis is good with the future of medium of exchange and stores of value around the world. You know as well as a doctor living in Interesting Times someone once called it the age of rage because we have global unrest and global protests that are all stemming from bad years and years of bad Monetary Policy collapsing currency and financial inequality as actually summarized earlier so this created the perfect storm for just a huge disruptor like big point to emerge as an equalizer for all the citizens who are being affected so when theres unrest when there is uncertainty people want to regain some lengths of control and crypto is the big equalizer here and something that happened really recently was malaysia last week the u. S. Told malaysia that any iran ian citizens cannot have a bank how you go out and close all the
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RT Boom Bust July 13, 2024

To discuss the fate of the worlds most popular. And well we didnt look at the positive growth of cryptocurrency not everyone is on board while in singapore because he spoke of the best are an author jim rogers to discuss his skepticism over the growing class. Thanks for being with us today a lot to get to so we begin here. Over the span of the past 2 years we have seen turmoil gripped several parts of the globe from hong kong where months of unrest have shaken what was a previously financial haven in east asia to iran and venezuela worse asians have taken a toll on the economies of those nations and because of the rise of the upheaval in those countries weve also seen a boom in big coin mining and the use of crypto currencies in order to circumvent Financial Issues Jeffrey Tucker of the American Institute of
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RT Boom Bust July 13, 2024

System and put in question whether or not we really own our deposits we need some independence or of wealth and i think because as is becoming the big question another crypto currency is also you mentioned venezuela there are many many different cryptocurrency that are being used there are now thousands of them and theyre all fungible one with another each other its a Wonderful Technology and and i personally believe Something Like a private cryptocurrency a global basis is good with the future of medium of exchange and for value around the world. As well as a doctor living in Interesting Times someone once called it the age of rage because we have global unrest and global protests that are all stemming from bad years and years of bad Monetary Policy colla ....

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