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a packed show today so let s dive right in. and we leave the program with the state of the united states economy inflation in april surged at the fastest pace in september of 22008 the labor department reported on wednesday now the consumer price index rose 4.2 percent year over year with a month to month gain of point 8 percent now this jump in inflation was expected as april of 2020 mark the height of lockdowns in the united states due to the copan $1000.00 pandemic which had nearly shut down the entire economy so let s go over some of the data here energy prices they were up 25 percent year over year with the price of gasoline jumping nearly 50 percent and just over 37 percent for fuel oil now gas prices actually had to take down month to month but are expected to see an increase in may once again use vehicle prices they were up 21 percent compared to the previous year and a spike of 10 percent. from the month of march now beyond the economic recovery the global semi ....
a sharp warning to cryptocurrency users in which governor andrew bailey claimed they should be prepared to lose all of their money his comments were made during a press conference on thursday where he said the only value crypto currencies have is the value people put on them but it is impossible for them to have intrinsic value he then added quote i m going to say this very bluntly buy them only if you re prepared to lose all of your money so joining me now to discuss the latest. stand crypto analyst christiane i all right chris do you start with this claim that crypto currencies have no intrinsic value what is your response to that. well then i would say what is the intrinsic value of the u.s. dollar or the british pound for that matter since we re talking about the bank of england an intrinsic value of a commodity is the value that the product possesses and of itself it doesn t require any additional horse to provide it with value so we re talking about like sweetness ....
actually seized by government in the past and when a block came for that matter it s censorship resistant so the c.e.o. that actually thought about so topple is a cripple because the he and he grew up he grew up in argentina and his family actually lost their savings 3 times and the last huge unfair confiscation of asset so keeping this kind of framework and mind decline is the me that it s not just and then next our global disaster is more so that hedge to fiachra change because unlike the u.s. dollar 5 or the pound that is no longer has any sort of intrinsic value it went and should that value is actually growing and likely to strengthen over time as a non comfortable characteristic decentralised nature and also fund depilatory adds to value over time yeah and it s ironic because the u.k. is one of those governments is looking at creating their own digital currency so whenever it comes to this so-called brick wall. and you know that they re going to be ready to talk a ....
actually seized by government in the past and big when a block came for that matter it s been their ship resistant so the c.e.o. that actually said it best so topple is a cripple cut that in an eco up he grew up in argentina and his family actually lost their savings 3 times over the last 2 to unfair confiscation of asset so keeping this kind of framework and mind big question is the that it s not just and then next our global disaster it s more so about hedge fiachra change because unlike the u.s. dollar or the pound that is no longer has any sort of intrinsic value that went and should that value is actually growing and likely to strengthen over time as a non comfortable characteristic decentralised nature and also fungibility as to value over time yeah and it s ironic because the u.k. is one of those governments is looking at creating their own digital currency so whenever it comes to this so-called bridge. and you know that they re going to be ready to talk about ho ....
to a military standoff between the u.k. and france so what could it mean for the future conflict in the post directed era we have a lot to get to so let s get started. the bank of england issued a sharp warning to cryptocurrency users in which governor andrew bailey claimed they should be prepared to lose all of their money his comments were made during a press conference on thursday where he said the only value crypto currencies have is the value people put on them but it is impossible for them to have intrinsic value he then added quote i m going to say this very bluntly buy them only if you re prepared to lose all of your money so joining me now to discuss the latest. stan crypto analyst christiane i all right chris do let s start with this claim that crypto currencies have no intrinsic value what is your response to that. well then i would say what is the intrinsic value of the u.s. dollar or the british pound for that matter since we re talking about the bank of en ....