Actually seized by government in the past and big when a block came for that matter its 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 its not just and then next our global disaster its 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 its ironic because the u. K. Is one of those governments is looking at creating their own Digital Currency so whenever it comes to this socalled bridge. And you know that theyre going to be ready to talk about how safe and trustwo
Dollar or the british pound for that matter since were talking about the bank of england and think that ill use of a commodity is the value that the product possesses and of itself it doesnt require any additional horse to provide it with value so were talking about like sweetness is an Intrinsic Value of sugar but where is the Intrinsic Value of the dollar because certain currencies were backed by Precious Metals like gold and silver for now it was 40 years ago today most global currency arent backed by anything the only thing backing it is derived from the relationship between supply and demand and the stability of the issue in government so that statement is just the pot calling the kettle black because none of these currencies now have any sort of Intrinsic Value the value of any currency comes from the trust people have over the network as a means of exchange so in fact because actually does have mentioned the bag were talking about that the value which is derived from the control
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 lets 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 im going to say this very bluntly buy them only if youre prepared to lose all of your money so joining me now to discuss the latest. Stan crypto analyst christiane i all right chris do lets 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 were talking about the bank of england an Intrinsic
Management announced thursday National Factory committee had jumped to a reading of 64. 7 in march up from 60. 8 in february now any reading above 50 means we are seeing growth in the Manufacturing Sector so with this in mind lets take a look at where markets ended up for the week Global Equities were largely up on new details for president joe bidens infrastructure plan while investors look to get their trades in before markets closed for good friday we start in russia where the mo x. Is up this week a new report from the countrys Statistics Service as russia started to pull out of its covert slump in the last quarter of 2020 g. D. P. Shrank only 1. 8 percent compared to a forecast of 2. 2 percent and at the same time Russia Central Bank is raising Interest Rates for the 1st time since 2018 moving to asia the shanghai composite its also in the green this week reuters reported the country is looking at creating a nother Stock Exchange hoping to attract firms listed in hong kong and the
Vaccinations while frontline medics tackle get another surgeon cope with patients. Would lose an election this year we believe the government is to blame for the fact that we have to work incredibly slowly but at the same time in a completely gruelling regime. Broadcasting live from moscow to the world this is our Teacher National im double quarter here with you in the studio welcome. Now we start with the story from washington d. C. Where one Police Officer is dead and another in the hospital after a car ramming outside the u. S. Capitol building the suspect was shot and killed after stepping out of his vehicle and brandishing a knife reporting from outside capitol hill heres our t. Americas foreign fronsac. Last week we had the fencing around the capitol taken down and then this incident happened we just had a press conference where all of this information was released but the incident happened around one or 2 pm suspect was then shot around 115. 00 and then the National Guardsmen we