George Soros at WEF warns of nuclear war (World War 3) among other cheery topics some videos and partial transcript below
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Facebook and Google effectively control over half of all Internet advertising revenue to maintain their dominance. They must expand their networks and increase their share of the users attention. Currently they do this by providing users with a convenient platform the more time users spend on the platform the more valuable they become to the companies. Content providers also contribute to the profitability of social media companies because they think they can’t avoid using the platform and they have to accept whatever terms they are offered. The exceptional profitability of these companies is largely a function of their avoiding responsibility for and avoid paying paying for the content of their platforms. They claim that they are merely distributing information but the fact that their near monopoly distributors make it make them into public utilities and subject them to more stringent regulations aimed at preserving competition innovation and fair and open universal access.
Based on some kind of misunderstanding the bitcoin is not a currency because the currency is supposed to be a stable. Store of value and that the currency can fluctuate 25 percent in a day can be used for instance to pay wages.
Because the wages could drop by 25 percent in a day. So it’s it’s it’s speculation it’s based on a misunderstanding. A day that is also very innovative. Block chain technology which can be used for positive or negative purposes currently is used mostly. For foreign tax evasion and here. Say.
For people in the rulers and in dictatorships to build a nest egg abroad.
So recently there was a just now conference Valdai Conference where instead of discussing conditions in Russia they mainly discussed bitcoin because that’s what the rulers were interested in. So this will have had a big effect on the valuation of Bitcoin. Normally when you have a parabolic curve eventually it has a very sharp. Break. But in this case I think as long as that you have got dictatorships under rise you will have a different danger because the rulers in those countries are going to turn to bitcoin to build their nest investing abroad. So I expect that if that and perhaps break to have a rather flat top over but is nevertheless. A. Bubble. Typical of which is always based on a misunderstanding like the tulip mania. But that blocking technology can be put to positive use. And we use it actually in helping migrants to communicate with their families and to keep their. Money Safe and carry them with themselves.