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tv   The Cost of Everything  RT  June 6, 2024 12:30am-1:01am EDT

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against the people of vietnam, the white house supported the corrupt public government of southern vietnam. in 1965 americans began their invasion following the aim to defeat the forces of vietnamese patriots. the pentagon was confident that the victory would be on the american side. due to its military superiority, however, the vietnamese during this war into total health for the occupants. unable to cope with a guerrillas, the american army started blanket bombing alongside using chemical weapons and naples, which burnt all alive. the village of my lay, where he 1969 american soldiers killed 504 civilians, including 210 children, became a tragic symbol of this war. all and all. during the whole period of this conflict, the usa dropped on vietnam more than $6000000.00 tons of bonds, which is 2 and
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a half times as much as on germany during the 2nd world war. in 1973, the american army under the pressure of the rebels, withdrew from vietnam. and only 2 years later did the puppet regime. and so i got involved. however, the vietnamese paid a high price for their freedom more than $1000000.00 b. and these people became the victims of america in the dressers, the, the rise of name coins has been a surprising twist for many long term crypto investors, with many expecting to come to die down along with the means that inspired them. however, a decade after the 1st ever mean point, those coin was created. the category of crypto currencies continues to flash. i'm christy, i today or diving
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a bit to the world of main points from their meteoric rise to the controversy surrounding their legitimacy. the, the main. ready coin market cap stands at around $60000000000.00 out of the total crypto market cap. a $2.00 trillion dollars, which is a significant amount. a main point is a term to refer to accept the currency class that has based on internet means most are supported by followers and are generally intended to be lighthearted and fun. while they are entertaining to some, they're highly risky investments and many hold little or even know intrinsic value . some famous ones, of course, include those coins. she but you knew bulk pets, a bunch loki baby, those dog with hot, etc. but while you may have heard of those famous ones, there are more than 1300 other main points you probably have never heard of. most
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of these coins are not actively traded and are effectively worthless despite having once res several $1000000.00 at the time of the project launch some in media characterized main points as an elaborate pump and dump scheme. when in reality name coins often start off as a joke that quickly spirals into a snowball effect as users and followers jump on board. the main reason why main points have gain popularity is due to their humor, streak related to internet means. these mean coins are designed to go viral and are often heavily promoted on social media platforms, creating hype around the new project. once it gets popular and spikes and value, retail investors then jump on board and further boost the coin. additionally, mean coins are community driven and gain popularity overnight due to the online community is door spins and fomo. the main points frequently create a sense of urgency and excitement causing fomo about missing out on profits. people
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are compelled to invest because they're afraid of being left out or they want to be in on the joke. mean coins can also be linked to social proof or people being influenced by the actions of others as well as a sense of community which fosters a supportive environment for many investors. and one of the main drivers of a main point is internet culture. platforms like read it to score twitter, end tech talk, serve as catalyst for their vital marketing campaigns. and allow means to connect with a range of diverse users. humor can also foster innovation and novelty in the cut, the space, while also reducing the risk and seriousness of investing in an asset class as vala tile and speculative as mean criptos. viral marketing and emotional connections associated with main course can also influence investor behavior. so by creating legitimate projects with benchmarks, goals, marketing, and doing more work, main coins are actually putting themselves in the cross hairs of the fcc does. it
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is sometimes better to remain just in internet joke. and now today we welcome hans the despond professor of economics at nichols college. now professor, what is the purpose behind main claims and why did people choose to invest? and then what's very interesting question. and i'll start out with, with saying that they can be very volatile and, and risky. so having said that, as a college professor, i deal with a lot of young people, obviously on a regular basis. and for many years, the students have been telling me, you know, to invest in crypto, which i have not because i don't trust it. had i done that several years ago. i would have made a fortune or um, you know, the, the main coins now also there's, there's hundreds of them now, but the ones that have done very well,
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you can do very, very well on. so people are investing these things i think primarily because um, because of the price of these online, you can re sell and make money. it's, i think it's that simple. now the question is whether or not there's some value behind a, you know, the, the price of them going up of your younger than me. but when you know, quite some time ago, there was what was called the beanie babies, which was the little stuff to handle. uh, there was no extra value except for they were made scares by the company that produced these beanie babies. and you could literally purchase them, the price would go up and you could treat it as an investment. now at some point in time, if i have the dates, right, i think 1990. so if i'm not of where the kind of fell on a fad, people must have had to add it, add it folds of,
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of beanie babies that are now worth $0.75 rather than, you know, quite literally thousands of dollars in some instances. so these mean coins are, are a little bit like that, the value keeps going up until they don't. the difference between them in beanie babies is the potential that they can turn into a currency and understanding what money is and what a currency is, gives them their potential. now, how often mystic anybody is that they'll turn into that as is a different question. what is the audience that name coins typically target? i think the primary demographic would be young to middle aged males. is, is what i think is, is kind of the, the primary audience that you're trying to target. so, you know, the level of the hype, of them comes from uh, social media and celebrities. so, you know, it's typically the folks that will, you know, like
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a one must or something like this will be people that are following. we need one must. so if you know that demographic falling, meanwhile musk obviously across as gender, it crosses race. but primarily probably that demographic from you know, 18 to 45 year old males. this is what i would say is, is the main target. but they want to generalize that. i think that these, the, are the creators of these mean coins in crypto, you know, don't want to reduce it to that. but because the main point is more of a fad phenomenon at the moment, dose dose coined uh the, the, the largest largest market cap and the 1st one created started as a joke. you know, um, which is a very curious thing. and then it took off, and so what these creators of these mean coins are, are trying to do was, is create that next phenomenal you know, and they have primarily done it with,
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you know, the, the little step they put on it. and that becomes very, very curious, because if we, if we start thinking about what money is in, in the very inception of crypto bit bit coined itself. but money is, you know, any money one a one class. so i guess there's probably no such thing. but even in the e con one, a one or a money in banking, higher level course, when you go over what money is you start with the functions of money. and there's 4 functions of their, a measure of value, a meeting medium of exchange. so the medium of exchange just means that it allows things to be exchange one thing for another, overcoming the double coincidence of wants of somebody having to check and then somebody else wanting, you know, whatever particular, you know,
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a book. and then as a, as a measure of value, your, your, your monetary unit, you want to be able to compare all commodities and goods in terms of that unit. so again, currency does that mean in the remarkably nice way. i say, well, what's the comparison of a book and a check and just tell me what the prices in you, you've, you've got that, that measure value. and then there's 2 derivative functions of money that become extremely important. and this is primarily what's driving the mean, right? now, one of them that is, which is a store value. so as a store of value that, that money needs you, you need to be able to keep it. and hopefully the value will go up, or at least not go down very, very quickly. so this is why we don't like inflation because that makes the value of the money go down. so it's got a function as a store, a value. mean money is a functioning that way because the price of it keeps going up in this remarkably
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wonderful way. so it's the store value that's primarily motivating it and then deferred payment, which turns it into to credit. so that's, that's one thing to, to, to keep in mind as we start talking about the potential. the other thing that i like to emphasize is that money emerges with a that necessarily emerges because of a social distrust. and this is really important, especially when it comes to crypto and mean coins. because the, the answer apology economists got this wrong. they thought, oh, markets extended and then money use extended. now actually, money has always existed in very, very sophisticated ways. most economies throughout human history have monetary systems, but they're monetary systems of, of mine and ethics. so if we say, you know, i'll trade you for this, you,
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you hand that over and you just keep in mind, i gave you a check. and then when i come to you and i say i would like something you, you keep in mind that checking, okay, so as a courtesy, we'll quantify that. but if we have trust like today, with families or neighbors or something like that, you can just keep that monetary system in your mind and that accounting system is there such sophisticated version of money. although we call it, you know, antiquated, rolled, it actually is, it is a very important version. now. so where do you see currency if that's the primary ways around human history, the people attribute things through kind of a cognitive monetary process where we find money. now it's everywhere, but, but the vast majority of people would have never, you know, seen a point leveling, let alone employed the use of money. we seem at ports of an early
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history, you know, from, you know, a $280.00 total, about $1580.00. the primary place would be ports. the reason why you need money is because not only do you, you're dealing with a stranger and you may not see the stranger for very long time. you may never see them again. so now you need something that you can exchange that has a store value and then this is where you see the gold coins begin to emerge, emerge as a, as a phenomenon to be traded in and so on, so forth. when you're given a coin, you want to know that its value, that is say its weight is real. and so if it had the, the, the stamp of the king on it or the emperor or whatever the case may be, you have more faith in that coined. and especially if it's not gold, right? if it's not a metallic, you know it's, it's just, you know, something, as long as you have the stamp of the king, you know,
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the value of that thing is more stable. okay? so that's so, so that, that stamp means something. and as we've already said in the means, you more just kind of a joke, but at the same time it's the stamp that these mean creators are hoping we'll create that fat. thank you so much, professor hans. but please stick around. professor hines will be right with us here after the break. and when we come back, mean close appeal, extend beyond just to young head start, investors will explain everything. so don't go away. the, the water is part of the, the employee would post that isn't
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the deepest view of us and that in the word part is it something deeper, more complex might be present. good. let's stop without cases. let's go products. in the late 18 ninety's french soldiers led by general paul who arrived in asia with the goal of expanding french control in west africa to the territory of more than shot. no one or 3 to come on sunday. i mean, he's stuck up some issues with all the cars do and dicks on the list to the tent who they are least one of the most terrific campaigns of atrocities to have ever taken place in the history of the continent. what is somebody i know the question, richard dental. hey, i'm philosophy followed there. do some people do that? sure. most likely multiple villages would devastated
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a numerous members of resistance groups. what the headed off for us to get the move of guessing. i'm going to be a young investigator in search of his own identity and box on a journey through africa. the traces general good eyes, blood drenched roots in an effort to establish value at legacy, still at coast throughout the consummate. so my name is sandy and i come from england and i've come really to find out more about the, the mission of lake and the history of in, in the region, the main coins with their catchy branding and name inspired themes. tap into the culture of like guys, and appealed to a younger demographic of investors. however, their appeal extends beyond mere entertainment. they offer a gateway to the world of crypto currency for many new commerce,
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driving adoption and market growth. main point started after means stocks like game stop took off and the community sold their prices pumped by as much as a 100 fold. and a few months retail investors caught fomo and started by main coins in the hopes of becoming overnight. millionaires sparking the main clean revolution. retail investors, especially the younger ones, find main point attractive because they typically only cost a few cents or even a fraction of a cent it does so you don't need to invest much and everyone can participate in the hopes that it will rally thousands of percentages and gain a significant profit? well, big point in east have economic use cases. mean coins do not possess any real economic use other than trading, which is largely determined by how viral they've gone. when l on mosque and mark cuban promoted those point it's value skyrocketed. but once the high died down, it fell just as quickly. so now there are
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a slew of beam coins coming out that have some sort of value. one example is popular area which uses a small tax on each transaction to help and will cherries flow. keanu is another one that provides a metal burst game and an f t marketplace and a crypto education platform. but the ironic thing is that mean coins going legit is actually the worst thing for me and coins today there is not only a lawn less but real institutions like avalanche foundation and franklin templeton, willing to say that main points are a legitimate use, a block chain technology mean coined projects traditionally have no underlying value and worksheet to create and spin up. but today, creators are investing time and money into making their products stand out, building an entire eco system, the trends realize swap and even n s p is to go with their mean point. but now by advertising these projects, it makes it more likely for court to find the investment to be
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a security. because marketing is a factor in the application of how we test. many of these mean coins are also led by team rather than being community driven, which would also classified as a security where a team is actively working to increase as value. mean coins operate in a largely unregulated space, raising concerns about investor protection, market manipulation and financial stability. the regulatory agencies worldwide are grappling with how to address the risks posed by mean coins, including fraudulent schemes pump and dumb schemes, and the lack of transparency and project governance. so by creating legitimate projects with benchmarks, goals, marketing, and doing more work, main coins are actually putting themselves in the cross hairs of the fcc. thus, it's sometimes better to just remain an internet joke. and so for this and more, let's bring in again professor hans dispatch. now, professor,
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what are the long term goals or aspirations, the main point project, and how do they aim to sustain their relevance and appeal in the crypto ecosystem? well, i think the, the most main points and even even the criptos i, i, you know, i've, i've given up on the crypto is a really, um, you know, trying to figure this out. i'm not sure why they have been to that because these were real anti monetary authority, zealous celts and, and i would have thought they would stay committed. but i'm not exactly sure why they've kind of abandoned that. um, it seems to me maybe they haven't and, and i'd be happy for somebody, send me an email and explain that they haven't, you know, that i would stand corrected but, but it's, it hasn't manifest yet. and so that technology is there, what we need to also be aware of our states are on top of this central banks or on top of this, they want to tap into this technology. and they also want to control this
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technology. because once again it's, it's hard to keep finance here. it's very, very rich. if they lose control of the monetary unit and how do investors perceive mean coins in terms of risk and reward compared to say more establish those like big coin or syria, the people that are into the main points in trading. the n f t's, you know, when they have to use emerge i, i could not process why you would buy this picture. and i remember this, this, this young man is named dan. i won't share any more of his name. i don't think he would mind at all, but boy, he got so angry at me because he's he, he then we laughed about it, you know, later, but he was angry because he didn't think that i could understand. these are scarce, there's only a 1000 of them that existed in utah, i or world. but i can recreate it on my computer today,
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but it doesn't have the stamp. it doesn't have the, you know, the end of the special code, you know, and so he's absolutely convinced that this is literally, it was a picture of a dog. you know, this cartoon drawing. there's only a 1000 of them and you know, he didn't spend very much on it, but the, but he thought he was going to be a millionaire because this thing that keeps selling like beanie babies. so i think that most of the buyers are not sophisticated with what's going to give this thing value and make them a lot of money. they're just hoping that there's turns into a fad the, you know, now at the same time, there's so much garbage on the internet of why this mean where that mean is going to replace the american dollar. you know, so you can find confirming, you know, the statements by random people on the internet of, of whatever mean you're interested in confirming that's going to be, you know,
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successful. and that encourages these young people to, you know, to buy into it. and now what impact do mean coins have on the broader crypto cards, the ecosystem, including markets, sentiment, investor behavior and regulatory scrutiny? yeah, they're, they're still doors. great. and still, the market cap is, is still significantly below the, you know, the, the, the leading, i don't know, 6 or 7 rate. i mean there's, it's a big drop off. but i do, and i, you know, i, i should be more careful in predicting these things, but i do think a main point is going to surpass the market. uh, uh, valuation of, of, of the criptos. i think the crypt, those let the ship sail by just allowing it to sort of turn into a beanie baby phenomenon where the price of the thing just keeps going up and they have, haven't turned it into something that you actually used to purchase goods. you've
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got to turn it into something that purchases ordinary retail goods by the ordinary american. and then you're going to be on to something our main points seen as a positive or negative force within the accepted currency community. and do they contribute to innovation and grow, or do they actually pose a risk? no, it's the establish criptos, right. uh see it as a, a, a, you know, parasite. um the, the, the creators of meetings. i think. see it as a way to attack the power of the criptos themselves and in their own shortcomings. and i agree with the main point of contingent. i think the potential is there, you know, and uh, you know, and, you know, you, you could created the really, the only difference is, is how you're using that social media in, in your, your, your little gimmicks, you know, to sell it. that's really the difference between these things. otherwise, you're just using the technology to block chains that are behind it. you know, so,
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um, but, you know, definitely, uh, just, just as their, you know, as capitalism emerges with the boost was the right the, the new rich. that's all that of the french term means in the futile rich. right? they're just 1st people, the boat, just rich people, but they make a clear, absolutely unambiguous distinction between the new rich and the old rich, you know, in the, in the 1617 century. and i think the main coins in the crypto or something like that. and in much like the boost was the one out over the funeral, i think the main point somebody is going to create a fad that is going to be used as, as a real currency that that's what i would predict. thank you so much, professor for all your time today. for every trade, there's a winner and there's a loser. the online forms are filled with people who have made millions on mean
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coins and others who lost everything when the price plummeted and nowhere left is holding the back. many investors are posting that they are so bothered by these mean coins. as people are $100.00 times more than other well research projects and coins this year alone dog with had is the big stand out, were in january the coin was worth a mere $0.10 to today. it is trading out around $3.00. that is $830.00 times return, where if you put in $5000.00 in january and less than half a year, you would have a $150000.00. the returns are astounding. but so are the losses. pet bay was one of the worst boom bus coins were at the hive. it was worth point 0001 cents. and today it is worth about point 000007 cents. which means that your $5000.00 would be worth nearly $350.00 today. i'm
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christy i. it's been a pleasure. thanks for watching the cost of everything. the . the revolution of 1789 in france, gave hope for the liberation of the oppressed peoples in the french overseas territories. but paris did not want to part with insurance as a profit. so 1st sign of the colonization was the uprising of black slaves in haiti . that remote island reduced almost half of all the sugar on the planet,
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sooner was made by d as in franchise slaves. broad from africa. scene 1791. they started an uprising against their oppressors. the black swept away the colonial administration and formed their own army. it was led by that charismatic leader, francois dominique, tucson, live at york. branch, advanced to regain control of the colony were unsuccessful. having comes up, our napoleon dispatched a large expeditionary force. they hated the french manage the captured tucson loving 2 or by defeats. but they could not suppress the rebels and suffered devastating defeats. on january 1, 18 o 418 declared independence. the 1st one in the whole latin america. however, freedom was paid for with a blood of 200000 courageous haitians who had sacrificed their lives for the
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abolition of slavery on our planet. the events in haiti were the only successful uprising of slaves in history when they not only through of slavery, but also began to rule their state. the take a fresh look around the life kaleidoscopic isn't just a shifted reality distortion by power type vision, with no real opinions fixtures designed to simplify. it will confuse really once a better wills and then it just does. it shows you fractured images, presented it is 1st. can you see through their illusion going underground? can the,
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the, if someone believes is possible to supply such to weapons in order to strike hardware, train, great problems. all right. then why are we not have the right to supply all wetlands, that peace thing through those regions of the world where they will be strikes on the side stick the same as ice countries the didn't during this, the case flush of latimer button says moscow will consider sending is weapons to regions around the world where arms are being sent from to attack russia. no warning, disturbing images are the israel confirms and striking a un school in central jobs killing at least 30 people and more and the display of our prime minister makes is for.

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