YouSaid · the spoken record

Alf Peccatiello

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52

first

2023-03-29

most recent

2023-03-29

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1

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podcast

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1. “So, look, I think money is misunderstood at a higher level of management even in the financial industry. Look, money in the traditional banking system or in the traditional finance economy works as follows. There are different layers. And the safest form of money you can have in traditional finance is the liability of the government. So your money is very often a liability of somebody else in the traditional finance system. So please understand that. And there are different kind of risk that you can run by owning money in the traditional finance space, mainly to risks. Your money can be the liability of the government, or it can be the liability of a bank. Let's first talk about the liability of a bank. A bank deposit, especially above 100,000 euro in Europe or above 250,000 dollars in the US, is nothing else than an”

   2023-03-29 · We Study Billionaires · BTC123: The Legacy Banking System in Shambles w/ Alf Peccatiello (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT

2. “It's my pleasure to be here, and I guess a lot of people will be wanting to know what's going on in the banking sector, what's causing all this trouble. And so let's see if my experience can help the audience understand a bit further what's going on.”

   2023-03-29 · We Study Billionaires · BTC123: The Legacy Banking System in Shambles w/ Alf Peccatiello (Bitcoin Podcast) · IDENTIFIED FROM THE TRANSCRIPT