Original subtitles

Yes, last Monday, 70

Yes, last Monday, 70

Yes, last Monday, 70 leading economists wrote an open

leading economists wrote an open

leading economists wrote an open letter to the European Parliament urging them to

letter to the European Parliament urging them to

letter to the European Parliament urging them to vote in favor of the digital euro. Still

vote in favor of the digital euro. Still

vote in favor of the digital euro. Still one of the main projects of the

one of the main projects of the

one of the main projects of the European Central Bank. And recently,

European Central Bank. And recently,

European Central Bank. And recently, Christine Legarde confirmed

Christine Legarde confirmed

Christine Legarde confirmed this from the ECB in a recent Christmas message

this from the ECB in a recent Christmas message

this from the ECB in a recent Christmas message . The two big projects that we have

. The two big projects that we have

. The two big projects that we have worked on and continue to work on in 26

worked on and continue to work on in 26

worked on and continue to work on in 26 are number one the digital euro. We have

are number one the digital euro. We have

are number one the digital euro. We have completed the cycle of the preparation

completed the cycle of the preparation

completed the cycle of the preparation the governing council has given goad to

the governing council has given goad to

the governing council has given goad to move to the next cycle and now waiting

move to the next cycle and now waiting

move to the next cycle and now waiting for the European Parliament to come up

for the European Parliament to come up

for the European Parliament to come up with final legislation that will go

with final legislation that will go

with final legislation that will go ahead or the pilot phase and then the

ahead or the pilot phase and then the

ahead or the pilot phase and then the launch. Yes.

launch. Yes.

launch. Yes. Uh Lexie, you are a professor of monetary

Uh Lexie, you are a professor of monetary

Uh Lexie, you are a professor of monetary economics and

economics and

economics and also a former director of

also a former director of

also a former director of the Dutch Bank. So you were

the Dutch Bank. So you were

the Dutch Bank. So you were in Els 4 on Monday. So in short, the right

in Els 4 on Monday. So in short, the right

in Els 4 on Monday. So in short, the right person to talk about this.

person to talk about this.

person to talk about this. Um but you disagree with 70

Um but you disagree with 70

Um but you disagree with 70 economists. So there we go, eh, digging it

economists. So there we go, eh, digging it

economists. So there we go, eh, digging it out. But first I want to know, will

out. But first I want to know, will

out. But first I want to know, will that digital euro come or not?

that digital euro come or not?

that digital euro come or not? Well, that will be very

Well, that will be very

Well, that will be very exciting, because, as Nagard already

exciting, because, as Nagard already

exciting, because, as Nagard already said, we are now entering the process where

said, we are now entering the process where

said, we are now entering the process where the European Parliament will ultimately have to

the European Parliament will ultimately have to

the European Parliament will ultimately have to approve legislation. Yes.

approve legislation. Yes.

to make that pilot and ultimately the launch, which is planned for 2029 or so, possible, right?

to make that pilot and ultimately the launch, which is planned for 2029 or so, possible, right?

to make that pilot and ultimately the launch, which is planned for 2029 or so, possible, right? So uh

So uh

So uh the question: will it come is more of a

the question: will it come is more of a

the question: will it come is more of a question, a kind of predictive question of:

question, a kind of predictive question of:

question, a kind of predictive question of: "Do you think it will go ahead?" Well, there's a

"Do you think it will go ahead?" Well, there's a

"Do you think it will go ahead?" Well, there's a lot of pressure being put on to

lot of pressure being put on to

lot of pressure being put on to get it off the ground.

get it off the ground.

get it off the ground. Strange antics are even made for eh

Strange antics are even made for eh

Strange antics are even made for eh . Not only by these 70

. Not only by these 70

. Not only by these 70 economists, but also by the ECB itself, which

economists, but also by the ECB itself, which

economists, but also by the ECB itself, which keeps giving it a different purpose

keeps giving it a different purpose

keeps giving it a different purpose . I think, if you were to tell me now that it will happen,

. I think, if you were to tell me now that it will happen,

. I think, if you were to tell me now that it will happen, I would think something like

I would think something like

I would think something like yes. Yes. Okay

yes. Yes. Okay

yes. Yes. Okay . Well hold that thought. Because, well,

. Well hold that thought. Because, well,

. Well hold that thought. Because, well, last Monday the pressure to

last Monday the pressure to

last Monday the pressure to introduce the digital euro

introduce the digital euro

introduce the digital euro increased. We could read that in the

increased. We could read that in the

increased. We could read that in the NRC. Just look. 70 economists call on

NRC. Just look. 70 economists call on

NRC. Just look. 70 economists call on European Parliament to vote for the digital

European Parliament to vote for the digital

European Parliament to vote for the digital euro. 70 economists, including

euro. 70 economists, including

euro. 70 economists, including several Dutch and the renowned

several Dutch and the renowned

several Dutch and the renowned French inequality economist

French inequality economist

French inequality economist Thomas Pickety, are advocating for a

Thomas Pickety, are advocating for a

Thomas Pickety, are advocating for a full introduction of the digital

full introduction of the digital

full introduction of the digital euro. In an open letter, they call on

euro. In an open letter, they call on

euro. In an open letter, they call on the European Parliament to

the European Parliament to

the European Parliament to resist the financial lobby groups

resist the financial lobby groups

resist the financial lobby groups by giving the green light next spring for

by giving the green light next spring for

by giving the green light next spring for the introduction of the digital version of

the introduction of the digital version of

the introduction of the digital version of public money and not opting for a

public money and not opting for a

public money and not opting for a watered-down version. The letter is an

watered-down version. The letter is an

watered-down version. The letter is an initiative of the

initiative of the

initiative of the Sustainable Financial Lab, founded in the Netherlands.

Sustainable Financial Lab, founded in the Netherlands.

Sustainable Financial Lab, founded in the Netherlands. Finance lab.

Finance lab.

Finance lab. Um yeah, what are these 70 economists

Um yeah, what are these 70 economists

Um yeah, what are these 70 economists worried about?

worried about?

worried about? Well, these are 70 economists with a

Well, these are 70 economists with a

Well, these are 70 economists with a left-wing profile, let me put it this way,

left-wing profile, let me put it this way,

left-wing profile, let me put it this way, who would really like to

who would really like to

who would really like to create a situation in which the money that

create a situation in which the money that

create a situation in which the money that is put into circulation in Europe is

is put into circulation in Europe is

is put into circulation in Europe is entirely provided by the central bank

entirely provided by the central bank

entirely provided by the central bank . So you can no longer

. So you can no longer

. So you can no longer put bank money into circulation,

put bank money into circulation,

put bank money into circulation, but only the central bank. Uh, and they

but only the central bank. Uh, and they

but only the central bank. Uh, and they really want that to happen as quickly as

really want that to happen as quickly as

really want that to happen as quickly as possible. The plans that are

possible. The plans that are

possible. The plans that are currently in place for that digital

currently in place for that digital

currently in place for that digital euro are controversial. So

euro are controversial. So

euro are controversial. So what the European Central Bank has

what the European Central Bank has

what the European Central Bank has done is introduced all sorts of yes moderations

done is introduced all sorts of yes moderations

done is introduced all sorts of yes moderations to alleviate concerns among people who do

to alleviate concerns among people who do

to alleviate concerns among people who do n't want it. And one of the

n't want it. And one of the

n't want it. And one of the things they did was say:

things they did was say:

things they did was say: "Keep that digital euro there, you can't

"Keep that digital euro there, you can't

put more than €3000 in such an account." Uh and look, then it does

put more than €3000 in such an account." Uh and look, then it does

put more than €3000 in such an account." Uh and look, then it does n't really work. So

n't really work. So

n't really work. So these economists honestly say that the limit should be

these economists honestly say that the limit should be

these economists honestly say that the limit should be raised.

raised.

raised. should actually have the ability to

should actually have the ability to

should actually have the ability to greatly

greatly

greatly increase that. Uh and uh hey in this in this

increase that. Uh and uh hey in this in this

increase that. Uh and uh hey in this in this letter uh they actually say two or in

letter uh they actually say two or in

letter uh they actually say two or in this call they actually say two

this call they actually say two

this call they actually say two things. So one, they say, those borders have to

things. So one, they say, those borders have to

things. So one, they say, those borders have to go up. What you just said,

go up. What you just said,

go up. What you just said, full implementation, but they're

full implementation, but they're

full implementation, but they're now also calling for, yes, more recently,

now also calling for, yes, more recently,

now also calling for, yes, more recently, the idea that Europe

the idea that Europe

the idea that Europe should be independent, including in its payment

should be independent, including in its payment

should be independent, including in its payment systems, that we shouldn't

systems, that we shouldn't

systems, that we shouldn't be dependent on the

be dependent on the

be dependent on the Americans, and that therefore the digital

Americans, and that therefore the digital

Americans, and that therefore the digital euro would be necessary to

euro would be necessary to

euro would be necessary to ensure that. Well, that's a non-argument,

ensure that. Well, that's a non-argument,

ensure that. Well, that's a non-argument, I say. Okay

I say. Okay

I say. Okay . Yes, because what exactly is that? So it's about,

. Yes, because what exactly is that? So it's about,

. Yes, because what exactly is that? So it's about, uh, they actually want to

uh, they actually want to

uh, they actually want to indicate: we have to break away

indicate: we have to break away

indicate: we have to break away from America a bit.

from America a bit.

from America a bit. Yes,

Yes,

Yes, we are too dependent, so that is why

we are too dependent, so that is why

we are too dependent, so that is why this is also important. Yes.

this is also important. Yes.

this is also important. Yes.

Is a statement. Yes. Yes.

Is a statement. Yes. Yes.

Is a statement. Yes. Yes. Well, so, and that is, that is, that

Well, so, and that is, that is, that

Well, so, and that is, that is, that argument probably appeals to

argument probably appeals to

argument probably appeals to many parliamentarians because, of course, in

many parliamentarians because, of course, in

many parliamentarians because, of course, in more general terms, we now, yes,

more general terms, we now, yes,

more general terms, we now, yes, lately we have to say, we are

lately we have to say, we are

lately we have to say, we are too dependent on

too dependent on

too dependent on the Americans for defense, and

the Americans for defense, and

the Americans for defense, and we are now also becoming more and

we are now also becoming more and

we are now also becoming more and more dependent on the Americans for our energy

more dependent on the Americans for our energy

more dependent on the Americans for our energy . a Gel [laughter] and so also our

. a Gel [laughter] and so also our

. a Gel [laughter] and so also our payment system,

payment system,

payment system, they say we are too dependent on the

they say we are too dependent on the

they say we are too dependent on the Americans

Americans

Americans and by inserting such a

and by inserting such a

and by inserting such a digital euro, we can then, eh yes,

digital euro, we can then, eh yes,

digital euro, we can then, eh yes, we can do something about that. So uh

we can do something about that. So uh

we can do something about that. So uh but aren't we?

but aren't we?

but aren't we? No, that's actually very, very not too

No, that's actually very, very not too

No, that's actually very, very not too bad. Well, look, in the Netherlands

bad. Well, look, in the Netherlands

bad. Well, look, in the Netherlands we've had Ideal

we've had Ideal

we've had Ideal as a payment system for years. That is a

as a payment system for years. That is a

system developed by Dutch banks. This will be rolled out this year.

system developed by Dutch banks. This will be rolled out this year.

system developed by Dutch banks. This will be rolled out this year. That will be called Wero. Uh, that's being

That will be called Wero. Uh, that's being

That will be called Wero. Uh, that's being rolled out across Europe. So that part

rolled out across Europe. So that part

rolled out across Europe. So that part is already European. And for more

is already European. And for more

is already European. And for more international payments,

international payments,

international payments, Europe can do the same as what

Europe can do the same as what

Europe can do the same as what is currently popular in America

is currently popular in America

is currently popular in America and which the American government is also

and which the American government is also

and which the American government is also encouraging. That's stable coins. These are

encouraging. That's stable coins. These are

encouraging. That's stable coins. These are digital but private

digital but private

digital but private digital money

digital money

digital money that is simply linked one-on-one to

that is simply linked one-on-one to

that is simply linked one-on-one to the euro and to which you

the euro and to which you

the euro and to which you can connect payment systems

can connect payment systems

can connect payment systems . And there is currently an

. And there is currently an

. And there is currently an initiative by nine major

initiative by nine major

initiative by nine major European financial institutions,

European financial institutions,

European financial institutions, including ING, to roll this out.

including ING, to roll this out.

including ING, to roll this out. And so then that

And so then that

And so then that dependency is not there. So

dependency is not there. So

dependency is not there. So that's being dragged in a bit

that's being dragged in a bit

that's being dragged in a bit because these economists, you know, they want to

because these economists, you know, they want to

because these economists, you know, they want to actually put all the

actually put all the

actually put all the money creation in the hands of the government

money creation in the hands of the government

money creation in the hands of the government .

.

. So you could have a concentration of power

So you could have a concentration of power

So you could have a concentration of power . Monetary concentration of power.

. Monetary concentration of power.

. Monetary concentration of power. It is that you really get a pure

It is that you really get a pure

It is that you really get a pure monopoly on, uh, money issuance. And

monopoly on, uh, money issuance. And

monopoly on, uh, money issuance. And yes, if you also

yes, if you also

yes, if you also let the government manage payment systems, you also have a

let the government manage payment systems, you also have a

let the government manage payment systems, you also have a monopoly on the development of

monopoly on the development of

monopoly on the development of payment transactions. So innovations will

payment transactions. So innovations will

payment transactions. So innovations will not benefit from that either. Does

not benefit from that either. Does

not benefit from that either. Does such a digital euro have h on the e

such a digital euro have h on the e

such a digital euro have h on the e somehow resemble a eh

somehow resemble a eh

somehow resemble a eh cryptocurrency like the Bitcoin?

cryptocurrency like the Bitcoin?

cryptocurrency like the Bitcoin? That's what it is, now it's becoming a

That's what it is, now it's becoming a

That's what it is, now it's becoming a very technical discussion. This is how you can

very technical discussion. This is how you can

very technical discussion. This is how you can give it shape. Okay

give it shape. Okay

give it shape. Okay .

.

. But there are all kinds of, uh, you can

But there are all kinds of, uh, you can

But there are all kinds of, uh, you can also do it in a completely different way. There

also do it in a completely different way. There

also do it in a completely different way. There are all kinds of design questions that still

are all kinds of design questions that still

are all kinds of design questions that still need to be answered

need to be answered

need to be answered . But that is possible in principle

. But that is possible in principle

. But that is possible in principle if you Because if you make it a cryptocurrency

if you Because if you make it a cryptocurrency

if you Because if you make it a cryptocurrency . That's why I'm asking, because that's where

. That's why I'm asking, because that's where

. That's why I'm asking, because that's where I'm from. Cryptocurrencies

I'm from. Cryptocurrencies

I'm from. Cryptocurrencies are based on blockchain

are based on blockchain

are based on blockchain technology. Yes.

technology. Yes.

technology. Yes. And that takes an unimaginable amount of

And that takes an unimaginable amount of

And that takes an unimaginable amount of energy. Yes.

energy. Yes.

energy. Yes.

And that is therefore contrary to our goal

And that is therefore contrary to our goal

And that is therefore contrary to our goal of reducing CO2 and fossil fuels

of reducing CO2 and fossil fuels

of reducing CO2 and fossil fuels . Yes.

. Yes.

. Yes. No, that is one of the

No, that is one of the

No, that is one of the points of discussion indeed around that, uh, around

points of discussion indeed around that, uh, around

points of discussion indeed around that, uh, around

that digital euro. And so there are so there are

that digital euro. And so there are so there are

that digital euro. And so there are so there are uh many, but the real battle is about it

uh many, but the real battle is about it

uh many, but the real battle is about it . Can you actually get it off the

. Can you actually get it off the

. Can you actually get it off the ground? Uh, and what the European Central

ground? Uh, and what the European Central

ground? Uh, and what the European Central Bank is trying to do is, well,

Bank is trying to do is, well,

Bank is trying to do is, well, strip him down as much as possible, so to speak

strip him down as much as possible, so to speak

strip him down as much as possible, so to speak . Until no one can actually say,

. Until no one can actually say,

. Until no one can actually say, "Yeah, but what is this? How

"Yeah, but what is this? How

"Yeah, but what is this? How can you possibly be against it?" By only placing very

can you possibly be against it?" By only placing very

can you possibly be against it?" By only placing very limited limits on it. Only for uh

limited limits on it. Only for uh

limited limits on it. Only for uh retail uh customers and you can

retail uh customers and you can

retail uh customers and you can name a whole list of things like that, right? Their

name a whole list of things like that, right? Their

name a whole list of things like that, right? Their strategy, in my opinion, is to

strategy, in my opinion, is to

strategy, in my opinion, is to first make sure it gets there, and if it does,

first make sure it gets there, and if it does,

first make sure it gets there, and if it does, we'll

we'll

we'll fully equip it, and then all the

fully equip it, and then all the

fully equip it, and then all the dangers that we're perhaps still

dangers that we're perhaps still

dangers that we're perhaps still discussing now, which is why I've come across it, will come

discussing now, which is why I've come across it, will come

discussing now, which is why I've come across it, will come to the fore. Yes. Well, yeah

to the fore. Yes. Well, yeah

to the fore. Yes. Well, yeah . Okay. Yes. Would you like a moment, may

. Okay. Yes. Would you like a moment, may

. Okay. Yes. Would you like a moment, may I, may I go ahead and let go. Yes.

I, may I go ahead and let go. Yes.

I, may I go ahead and let go. Yes. So I am I am I am against that

So I am I am I am against that

So I am I am I am against that uh against that digital euro eh and uh so

uh against that digital euro eh and uh so

uh against that digital euro eh and uh so uh all clarity about what is now on the table,

uh all clarity about what is now on the table,

uh all clarity about what is now on the table, you can hardly be against that

you can hardly be against that

you can hardly be against that . But that's not much use to us either

. But that's not much use to us either

. But that's not much use to us either . Hm

. Hm

. Hm hm.

hm.

hm. But what is the danger if you

But what is the danger if you

But what is the danger if you once have that thing there and then you say, well

once have that thing there and then you say, well

once have that thing there and then you say, well , then it can be further developed

, then it can be further developed

, then it can be further developed by the central bank, right? Then

by the central bank, right? Then

by the central bank, right? Then politics will no longer

politics will no longer

politics will no longer interfere. Look at what this

interfere. Look at what this

interfere. Look at what this can ultimately develop into, and

can ultimately develop into, and

can ultimately develop into, and it can become an instrument of

it can become an instrument of

it can become an instrument of citizen control. That it

citizen control. That it

citizen control. That it affects privacy, that it also

affects privacy, that it also

affects privacy, that it also becomes programmable, right? So then you could

becomes programmable, right? So then you could

becomes programmable, right? So then you could say, for example: "Well, let's go back to our

say, for example: "Well, let's go back to our

say, for example: "Well, let's go back to our previous discussion about food. Hey,

previous discussion about food. Hey,

previous discussion about food. Hey, if I don't eat enough plant-based food

if I don't eat enough plant-based food

if I don't eat enough plant-based food , then my... is that currency

, then my... is that currency

, then my... is that currency programmed in such a way that if I still... do

programmed in such a way that if I still... do

programmed in such a way that if I still... do n't plant again, then

n't plant again, then

n't plant again, then digital food stamps.

digital food stamps.

digital food stamps. Yes, buy something that I simply can't

Yes, buy something that I simply can't

Yes, buy something that I simply can't afford, that's simply programmed in

afford, that's simply programmed in

afford, that's simply programmed in . It wo

. It wo

n't work at McDonald's anymore.

n't work at McDonald's anymore.

n't work at McDonald's anymore. Then it won't work at

Then it won't work at

Then it won't work at McDonald's anymore. Or... on the subway, it wo

McDonald's anymore. Or... on the subway, it wo

McDonald's anymore. Or... on the subway, it wo n't work anymore, right? So these are

n't work anymore, right? So these are

n't work anymore, right? So these are all things that could be technically

all things that could be technically

all things that could be technically possible. Again, that's

possible. Again, that's

possible. Again, that's not foreseen now, but if you open the door to that

not foreseen now, but if you open the door to that

not foreseen now, but if you open the door to that , then that's

, then that's

, then that's certainly a risk. Especially because the kind of...

certainly a risk. Especially because the kind of...

certainly a risk. Especially because the kind of... because these kinds of groups, those

because these kinds of groups, those

because these kinds of groups, those 70 economists, really want

70 economists, really want

70 economists, really want those things to have as many possibilities as possible

those things to have as many possibilities as possible

those things to have as many possibilities as possible . And they are generally

. And they are generally

. And they are generally people who

people who

people who are in favor of a lot of government influence. Big

are in favor of a lot of government influence. Big

are in favor of a lot of government influence. Big government that... that has to

government that... that has to

government that... that has to get a handle on everything. And the second major danger is

get a handle on everything. And the second major danger is

get a handle on everything. And the second major danger is that if... the The only party that can

that if... the The only party that can

that if... the The only party that can create money, uh, the government, is that the

create money, uh, the government, is that the

create money, uh, the government, is that the government will make extensive use of it,

government will make extensive use of it,

government will make extensive use of it, and that we're seeing far too much

and that we're seeing far too much

and that we're seeing far too much money being put into circulation, that

money being put into circulation, that

money being put into circulation, that government is getting bigger and bigger. So, uh,

government is getting bigger and bigger. So, uh,

government is getting bigger and bigger. So, uh, we shouldn't start with this. The

we shouldn't start with this. The

we shouldn't start with this. The interesting thing is that the Americans,

interesting thing is that the Americans,

interesting thing is that the Americans, yes, uh,

yes, uh,

yes, uh, they do

they do

they do n't have this. They

n't have this. They

n't have this. They consciously don't do digital, they do

consciously don't do digital, they do

consciously don't do digital, they do n't have digital currency. The Chinese,

n't have digital currency. The Chinese,

n't have digital currency. The Chinese, for example, do, but yes, that's also

for example, do, but yes, that's also

for example, do, but yes, that's also clear. They really want in on it, and they

clear. They really want in on it, and they

clear. They really want in on it, and they also exert influence with it.

also exert influence with it.

also exert influence with it. Yes, what the Americans do have,

Yes, what the Americans do have,

Yes, what the Americans do have, I wanted to say, uh, is a large part of our

I wanted to say, uh, is a large part of our

I wanted to say, uh, is a large part of our gold. And that's actually my

gold. And that's actually my

gold. And that's actually my final question, because we still have a lot of

final question, because we still have a lot of

final question, because we still have a lot of gold. I think it's in

gold. I think it's in

gold. I think it's in Manhattan, deep underground under

Manhattan, deep underground under

Manhattan, deep underground under the—what's that thing called? The—

the—what's that thing called? The—

the—what's that thing called? The— No, that's the Ford K-Nox. That's—that's not—

No, that's the Ford K-Nox. That's—that's not—

No, that's the Ford K-Nox. That's—that's not— is not in my opinion. We also have some

is not in my opinion. We also have some

is not in my opinion. We also have some in—uh, New York

in—uh, New York

in—uh, New York . That's right. But the largest part

. That's right. But the largest part

. That's right. But the largest part is in Fort Norx.

is in Fort Norx.

is in Fort Norx. Okay.

Okay.

Okay. And uh, yes, and there's been a

And uh, yes, and there's been a

And uh, yes, and there's been a discussion about that for a while now. Is it wise to

discussion about that for a while now. Is it wise to

discussion about that for a while now. Is it wise to leave it there? Shouldn't we

leave it there? Shouldn't we

leave it there? Shouldn't we bring it back? Yes,

bring it back? Yes,

bring it back? Yes, I have to say,

I have to say,

I have to say, not so long ago, my

not so long ago, my

not so long ago, my position was: "Well, no, what are

position was: "Well, no, what are

position was: "Well, no, what are we worried about? Let's not

we worried about? Let's not

we worried about? Let's not complicate things, let's not complicate things.

complicate things, let's not complicate things.

complicate things, let's not complicate things. But I am now coming back to that a

But I am now coming back to that a

But I am now coming back to that a little. I think

little. I think

little. I think we should seriously consider bringing

we should seriously consider bringing

we should seriously consider bringing that back. Because in the

that back. Because in the

that back. Because in the world, partly due to our own behavior

world, partly due to our own behavior

world, partly due to our own behavior as Europeans, we are considering,

as Europeans, we are considering,

as Europeans, we are considering, for example, blocking Russian currencies that we

for example, blocking Russian currencies that we

for example, blocking Russian currencies that we have

have

have used for Ukraine

used for Ukraine

used for Ukraine . So that means that yes, it is becoming more and

. So that means that yes, it is becoming more and

. So that means that yes, it is becoming more and more accepted to take

more accepted to take

more accepted to take other people's money

other people's money

other people's money . Let me just put it this way

. Let me just put it this way

. Let me just put it this way . And our relations with

. And our relations with

. And our relations with the US just now

the US just now

the US just now about Greenland, eh. Yes, it is, it

about Greenland, eh. Yes, it is, it

about Greenland, eh. Yes, it is, it is, uh, tense. So why why why

is, uh, tense. So why why why

is, uh, tense. So why why why not

not

not bring it back?

bring it back?

bring it back? So Lex Hoogdin colon get our

So Lex Hoogdin colon get our

So Lex Hoogdin colon get our gold back.

gold back.

gold back. Consider strongly. Yes. Yes, that is

Consider strongly. Yes. Yes, that is

Consider strongly. Yes. Yes, that is quite a change for me. Uh,

quite a change for me. Uh,

quite a change for me. Uh, can we just do that or can we

can we just do that or can we

can we just do that or can we just say: "Well, we'll take it back." Well

just say: "Well, we'll take it back." Well

just say: "Well, we'll take it back." Well , Germany did it too, I think

, Germany did it too, I think

, Germany did it too, I think . And uh yeah, look, something that's

. And uh yeah, look, something that's

. And uh yeah, look, something that's yours and that you keep somewhere

yours and that you keep somewhere

yours and that you keep somewhere .

.

. Yes, in theory it is possible, but would it

Yes, in theory it is possible, but would it

Yes, in theory it is possible, but would it still exist?

still exist?

still exist? Uh I assume it's still there

Uh I assume it's still there

Uh I assume it's still there . Eh, but we'll have to take a

. Eh, but we'll have to take a

. Eh, but we'll have to take a look at that sometime.

look at that sometime.

look at that sometime. I don't know that.

I don't know that.

I don't know that. Well, if you want it and it turns out not

Well, if you want it and it turns out not

Well, if you want it and it turns out not to be possible, then we have a

to be possible, then we have a

to be possible, then we have a different discussion. But that is also a

different discussion. But that is also a

different discussion. But that is also a signal. I would say that is a very strong signal

signal. I would say that is a very strong signal

signal. I would say that is a very strong signal . Well

. Well

. Well , we'll see. I'm really

, we'll see. I'm really

, we'll see. I'm really curious where that gold is. That's what

curious where that gold is. That's what

curious where that gold is. That's what we're going to try to find out. Uh

we're going to try to find out. Uh

we're going to try to find out. Uh Lex, thank you.

[music]

[music]

[music] We stand for a digital world

We stand for a digital world

We stand for a digital world in which privacy, [music]

in which privacy, [music]

in which privacy, [music] security and freedom of expression

security and freedom of expression

security and freedom of expression are the norm. Do

are the norm. Do

are the norm. Do you also think [music] is important?

you also think [music] is important?

you also think [music] is important? Take action now and receive the

Take action now and receive the

Take action now and receive the [music] Pro Privacy Checklist for free, containing nearly

[music] Pro Privacy Checklist for free, containing nearly

[music] Pro Privacy Checklist for free, containing nearly 100 practical tips that will help you

100 practical tips that will help you

100 practical tips that will help you regain your privacy today. Go to

regain your privacy today. Go to

regain your privacy today. Go to proprivacy.list.

[music]