1
00:00:00,280 --> 00:00:05,600
Speaker 1: Now here's a highlight from Coast to coast AM on iHeartRadio.

2
00:00:04,800 --> 00:00:07,920
Speaker 2: George Noi with Rich Turn. He is live in Shanghai

3
00:00:07,960 --> 00:00:11,720
Speaker 2: as we talk. His book is called Cashless, China's Digital

4
00:00:11,760 --> 00:00:13,440
Speaker 2: Currency Revolution, And.

5
00:00:15,000 --> 00:00:16,000
Speaker 3: It's happening, isn't it?

6
00:00:16,120 --> 00:00:16,360
Speaker 1: Rich?

7
00:00:18,880 --> 00:00:23,080
Speaker 4: Yeah, George. You know, Look, whether we like it or not,

8
00:00:24,239 --> 00:00:27,800
Speaker 4: we're going cashless in the sense that we're all using

9
00:00:28,720 --> 00:00:33,639
Speaker 4: Apple pay, Google Pay, or credit cards or PayPal or

10
00:00:34,520 --> 00:00:38,240
Speaker 4: PayPal great example, kids are the younger people are using

11
00:00:38,360 --> 00:00:44,559
Speaker 4: Venmo right, They're all transacting digitally and our lives are

12
00:00:44,640 --> 00:00:50,320
Speaker 4: more digital. So the concept that money should go more

13
00:00:50,440 --> 00:00:57,560
Speaker 4: digital and be cheaper to send is something that should

14
00:00:57,560 --> 00:00:58,920
Speaker 4: be welcomed by most people.

15
00:01:00,520 --> 00:01:02,920
Speaker 2: There seems to be an I resistance to it, though,

16
00:01:02,960 --> 00:01:04,000
Speaker 2: what are they afraid of?

17
00:01:04,040 --> 00:01:11,680
Speaker 4: Them? Look? Yeah, so, and this is something I guess

18
00:01:11,760 --> 00:01:13,959
Speaker 4: relevant to a couple of the last callers. You know

19
00:01:15,400 --> 00:01:21,160
Speaker 4: that people do not like the Federal Reserve or the

20
00:01:21,160 --> 00:01:26,399
Speaker 4: central banking system, or how much the government spends. Those

21
00:01:26,480 --> 00:01:32,280
Speaker 4: are absolutely legit concerns are we know, I want to

22
00:01:32,319 --> 00:01:36,280
Speaker 4: make that clear. But at the same time, you know

23
00:01:36,600 --> 00:01:38,959
Speaker 4: the concept that we're going to have a war against

24
00:01:39,000 --> 00:01:47,280
Speaker 4: the Fed or otherwise reject all that we have. You know,

25
00:01:47,360 --> 00:01:50,520
Speaker 4: that's sort of a higher level issue. What I'm trying

26
00:01:50,520 --> 00:01:53,960
Speaker 4: to get at is you use Bucks. You use them

27
00:01:54,000 --> 00:01:59,640
Speaker 4: to pay for stuff, your local gas station, your local butcher,

28
00:02:00,800 --> 00:02:03,680
Speaker 4: you know, butcher, baker and candle stick maker. Is sick

29
00:02:03,720 --> 00:02:07,160
Speaker 4: and tired of paying Visa and MasterCard three percent plus

30
00:02:07,600 --> 00:02:10,840
Speaker 4: for the privilege of taking a credit card. We got

31
00:02:10,840 --> 00:02:13,239
Speaker 4: to have a better way of doing it. And as

32
00:02:13,360 --> 00:02:17,959
Speaker 4: more of our goods and services go digital, we need

33
00:02:18,160 --> 00:02:23,120
Speaker 4: a better way to do it. And how we do

34
00:02:23,240 --> 00:02:25,639
Speaker 4: it is certainly up for debate. We should have a

35
00:02:25,760 --> 00:02:30,400
Speaker 4: national discussion on that. But that national discussion should be

36
00:02:30,440 --> 00:02:35,960
Speaker 4: based on what's real and what technology can actually do

37
00:02:36,200 --> 00:02:41,760
Speaker 4: for us, and not on imaginary stuff. And you know,

38
00:02:40,639 --> 00:02:46,280
Speaker 4: I'm not anti crypto, but there shouldn't be based on

39
00:02:46,360 --> 00:02:49,720
Speaker 4: the fact that we should take the multi trillion dollar

40
00:02:49,760 --> 00:02:55,480
Speaker 4: American economy and somehow revalue it to some other cryptocurrency.

41
00:02:55,600 --> 00:02:57,880
Speaker 4: That's that's just not a reasonable expectation.

42
00:02:58,919 --> 00:03:01,560
Speaker 2: Most thanks for going through a system called Zel. If

43
00:03:01,560 --> 00:03:03,200
Speaker 2: you want to send money, what is that?

44
00:03:04,680 --> 00:03:10,480
Speaker 4: Sure? ZL is I had some funny bad experience is

45
00:03:10,560 --> 00:03:14,000
Speaker 4: using Zel. But look, Zel is a way to basically

46
00:03:14,080 --> 00:03:19,480
Speaker 4: digitally send money using your existing bank systems, and it

47
00:03:20,000 --> 00:03:23,960
Speaker 4: is available on most of the major banks. A lot

48
00:03:24,000 --> 00:03:27,480
Speaker 4: of the community banks may not have it, but basically

49
00:03:27,520 --> 00:03:30,600
Speaker 4: I can send you a limited amount of money. I

50
00:03:30,639 --> 00:03:33,160
Speaker 4: think it's up to around one thousand bucks for any

51
00:03:33,240 --> 00:03:40,480
Speaker 4: one individual transfer. And yeah, it's a you know, you

52
00:03:40,480 --> 00:03:43,800
Speaker 4: know what it is, hey, George. It's a great way

53
00:03:43,800 --> 00:03:46,560
Speaker 4: of thinking about it. Did you ever have a BlackBerry

54
00:03:46,680 --> 00:03:49,520
Speaker 4: earlier in your career? Maybe now you've migrated to something

55
00:03:49,560 --> 00:03:55,560
Speaker 4: newer and better, yep. Right, Well, look, we've got digital

56
00:03:55,640 --> 00:03:58,320
Speaker 4: payment and it's no different than our cell phones.

57
00:03:58,840 --> 00:03:59,040
Speaker 5: You know.

58
00:03:59,320 --> 00:04:03,560
Speaker 4: We started digital payment being credit cards, all right, and

59
00:04:03,640 --> 00:04:07,880
Speaker 4: now we've got Apple Pay and Google Pay and they're better,

60
00:04:08,320 --> 00:04:12,400
Speaker 4: and that is a way of paying stuff. But all

61
00:04:12,440 --> 00:04:15,360
Speaker 4: of these are like those old sull phones that you

62
00:04:15,440 --> 00:04:18,800
Speaker 4: stick in your closet somewhere and dust off and say,

63
00:04:19,000 --> 00:04:21,320
Speaker 4: I remember in the nineties when I used this. You know,

64
00:04:22,960 --> 00:04:27,440
Speaker 4: there are generations of electronic payment, and electronic payment is

65
00:04:27,480 --> 00:04:29,320
Speaker 4: just getting better and better all the time.

66
00:04:29,920 --> 00:04:32,160
Speaker 2: Let's go to jeff in North Dakota to get us

67
00:04:32,160 --> 00:04:34,680
Speaker 2: going here. Hi Jeffrey, go ahead.

68
00:04:34,480 --> 00:04:37,440
Speaker 5: Hi George, Thanks sand Neon, Hey, uh, thank you. I

69
00:04:37,560 --> 00:04:42,000
Speaker 5: just want to remind everyone about what God says and

70
00:04:42,120 --> 00:04:44,719
Speaker 5: sow many teen. It says better to put your trust

71
00:04:44,800 --> 00:04:47,920
Speaker 5: in the Lord than in man, and it also says,

72
00:04:48,000 --> 00:04:49,680
Speaker 5: what is it good does it do for man to

73
00:04:49,760 --> 00:04:52,960
Speaker 5: gain the whole world and lose his soul? And George,

74
00:04:52,960 --> 00:04:55,120
Speaker 5: you were talking about the chips. There's a commany called

75
00:04:55,200 --> 00:04:58,520
Speaker 5: version ship right now waiting to put chips in human beings,

76
00:04:58,920 --> 00:05:02,200
Speaker 5: and their emblem is the eye of a snake. Now

77
00:05:02,240 --> 00:05:05,960
Speaker 5: in Revelation, God warns us that this times are counting.

78
00:05:06,200 --> 00:05:08,680
Speaker 5: You would not be able to buy or sell unless

79
00:05:08,720 --> 00:05:10,919
Speaker 5: you take the mark of the beast. Those who have

80
00:05:11,000 --> 00:05:13,920
Speaker 5: given their life to Christ, they won't take that mark

81
00:05:13,960 --> 00:05:16,520
Speaker 5: because you're sealed with the Holy Spirit. But those who

82
00:05:16,600 --> 00:05:18,640
Speaker 5: be deceived, that's the number one thing he is that also,

83
00:05:19,080 --> 00:05:22,599
Speaker 5: don't be deceived, because there's going to become a world

84
00:05:22,680 --> 00:05:25,560
Speaker 5: leader coming soon, the anti Christ. The first three and

85
00:05:25,560 --> 00:05:28,560
Speaker 5: a half years, everything's gonna be humpty dory. In the

86
00:05:28,640 --> 00:05:30,560
Speaker 5: last three and a half years, you will be killed

87
00:05:31,720 --> 00:05:34,760
Speaker 5: for your faith and you don't take their mark on

88
00:05:34,800 --> 00:05:37,640
Speaker 5: your right hand and forehead. Bibles very clear about that.

89
00:05:38,080 --> 00:05:40,640
Speaker 5: So there's the just, the unjust, the whatd says he

90
00:05:40,760 --> 00:05:43,680
Speaker 5: lets the rain fall and adjust and the unjust, the

91
00:05:43,760 --> 00:05:44,599
Speaker 5: sinner of the saint.

92
00:05:45,000 --> 00:05:46,680
Speaker 2: A lot of people are concerned about that.

93
00:05:46,880 --> 00:05:47,159
Speaker 3: Rich.

94
00:05:50,640 --> 00:05:55,440
Speaker 4: Yeah, you know. Look, he look, Higer, Jeff, Look, I

95
00:05:55,520 --> 00:06:03,080
Speaker 4: hear you. And I want to make a world where

96
00:06:03,160 --> 00:06:09,919
Speaker 4: you can have your belief system along with the ability

97
00:06:10,040 --> 00:06:14,800
Speaker 4: to get if you ever get sick, Jeff, the latest

98
00:06:14,839 --> 00:06:20,840
Speaker 4: and greatest cancer detection system which may be built, which

99
00:06:21,040 --> 00:06:24,920
Speaker 4: will be built on digital and use things like artificial intelligence.

100
00:06:25,720 --> 00:06:31,760
Speaker 4: So I want to close the gap and make people

101
00:06:32,000 --> 00:06:37,560
Speaker 4: understand that the digital world we are living in as

102
00:06:37,720 --> 00:06:43,679
Speaker 4: good things associated with it, and that those good things

103
00:06:44,320 --> 00:06:49,960
Speaker 4: do not conflict with Biblical verse as best as I can.

104
00:06:50,040 --> 00:06:52,279
Speaker 4: You know, they're not the tall order because the Bible

105
00:06:52,320 --> 00:06:55,159
Speaker 4: says a lot and beliefs about what the Bible say

106
00:06:55,240 --> 00:06:58,240
Speaker 4: are very different. But I try, I try to do

107
00:06:58,279 --> 00:06:59,640
Speaker 4: my best.

108
00:06:59,560 --> 00:07:03,960
Speaker 2: That's got dawn now on the international line in Alberta, Canada.

109
00:07:04,040 --> 00:07:07,520
Speaker 3: Hey, Donald, go ahead, Hi George.

110
00:07:07,320 --> 00:07:07,719
Speaker 5: Hi Rich.

111
00:07:07,880 --> 00:07:10,880
Speaker 6: Actually, the best cancer detection system is the dog that's

112
00:07:11,000 --> 00:07:16,080
Speaker 6: properly trained. They can detect cancer way a right.

113
00:07:17,920 --> 00:07:18,320
Speaker 5: Anyway.

114
00:07:18,920 --> 00:07:22,240
Speaker 6: My philosophy on investing is our money is if I

115
00:07:22,280 --> 00:07:25,200
Speaker 6: can't see it, touch it, taste it, smell it, it

116
00:07:25,240 --> 00:07:29,960
Speaker 6: doesn't exist. I know people have lost millions on digital currency,

117
00:07:30,000 --> 00:07:33,040
Speaker 6: actually bitcoin. You know, it doesn't matter if the computer

118
00:07:33,280 --> 00:07:37,040
Speaker 6: hard right fails, or the phone gets lost or somebody

119
00:07:37,040 --> 00:07:39,760
Speaker 6: steals it while you're sleeping at night, so they just

120
00:07:39,800 --> 00:07:41,800
Speaker 6: go in digitally and extract it.

121
00:07:42,920 --> 00:07:43,120
Speaker 5: Yeah.

122
00:07:43,280 --> 00:07:46,800
Speaker 6: I probably will actually end up owning the B five

123
00:07:46,880 --> 00:07:49,640
Speaker 6: currency only because it's an international currency. But the problem

124
00:07:49,640 --> 00:07:52,800
Speaker 6: I have with China is that if you don't have

125
00:07:52,920 --> 00:07:57,240
Speaker 6: enough social rewards points, they just close down your bank accounts.

126
00:07:57,240 --> 00:07:59,240
Speaker 6: You can't travel, take a bus, the kids can't go

127
00:07:59,320 --> 00:08:01,760
Speaker 6: to school, whatever the case may be. But the other

128
00:08:01,840 --> 00:08:03,240
Speaker 6: part of the equation.

129
00:08:03,080 --> 00:08:03,320
Speaker 4: Is is.

130
00:08:04,760 --> 00:08:07,000
Speaker 6: I mean you've had these guests on your show, George,

131
00:08:07,120 --> 00:08:10,880
Speaker 6: is that China is actually openly talking about taking out

132
00:08:11,000 --> 00:08:13,320
Speaker 6: United States and it's a step by step process and

133
00:08:13,320 --> 00:08:17,320
Speaker 6: they listed it and actually the event that occurred in Israel,

134
00:08:17,720 --> 00:08:20,480
Speaker 6: and it's unfortunate because I know people on both sides

135
00:08:20,520 --> 00:08:23,200
Speaker 6: of the border, and the civilians always get caught in

136
00:08:23,200 --> 00:08:26,680
Speaker 6: the way. But this is just another step, this digital currency,

137
00:08:26,760 --> 00:08:30,120
Speaker 6: it's just another step to take out America. That's my

138
00:08:30,240 --> 00:08:33,480
Speaker 6: belief on what's happening right now. And do I trust

139
00:08:33,480 --> 00:08:35,319
Speaker 6: digital currency? You know, because if I show up and

140
00:08:35,360 --> 00:08:38,080
Speaker 6: it's minus thirty five minus forty of gas station and

141
00:08:38,120 --> 00:08:40,520
Speaker 6: their systems down and I can't put gas in my

142
00:08:40,600 --> 00:08:44,560
Speaker 6: highway track traill unit. Guess what, I freeze the truck's

143
00:08:44,600 --> 00:08:46,640
Speaker 6: going to freeze up on me. So if I have

144
00:08:46,760 --> 00:08:50,319
Speaker 6: cash in my pocket, I'm going again. Yeah, and Solver,

145
00:08:50,720 --> 00:08:53,800
Speaker 6: I think will be the backup currency in gold. It's

146
00:08:54,040 --> 00:08:56,400
Speaker 6: just I don't trust digital currency. I'm sorry.

147
00:08:57,080 --> 00:08:58,319
Speaker 3: Well, a lot of people don't.

148
00:08:58,400 --> 00:09:01,439
Speaker 2: A lot of people don't rich are is it appropriate

149
00:09:01,480 --> 00:09:03,880
Speaker 2: to ask you if you feel is if.

150
00:09:03,920 --> 00:09:06,800
Speaker 3: China wants to go to war with the United States?

151
00:09:09,040 --> 00:09:14,000
Speaker 4: Boy, you know, I gotta tell you that's news to me.

152
00:09:14,880 --> 00:09:18,400
Speaker 4: I read everything that I can about China every day.

153
00:09:19,160 --> 00:09:21,559
Speaker 4: I can't tell you that I read the local newspapers

154
00:09:21,559 --> 00:09:23,960
Speaker 4: in Mandarin, but I do read the translations that I

155
00:09:24,000 --> 00:09:26,880
Speaker 4: get on you know, on the internet. And you know

156
00:09:27,000 --> 00:09:32,360
Speaker 4: the concept that China wants to go to war with America.

157
00:09:32,960 --> 00:09:36,439
Speaker 4: I'm sorry, I feel that that's misguided. And I don't

158
00:09:36,520 --> 00:09:40,880
Speaker 4: know where. Don you know, it's nice to meet you,

159
00:09:41,200 --> 00:09:43,040
Speaker 4: and I don't know where you read that, And I'm

160
00:09:43,040 --> 00:09:44,960
Speaker 4: sure you can come up with a source for me

161
00:09:45,000 --> 00:09:48,840
Speaker 4: if we were there in person, But from where I

162
00:09:48,920 --> 00:09:52,240
Speaker 4: sit and from everything that I read, there is no

163
00:09:52,400 --> 00:09:55,280
Speaker 4: desire for China to go to war with one of

164
00:09:55,280 --> 00:10:00,000
Speaker 4: its largest trading partners and with the country whose US

165
00:10:00,160 --> 00:10:03,640
Speaker 4: dollar it holds some six hundred billion of in reserves.

166
00:10:04,320 --> 00:10:09,240
Speaker 4: So basically, you know, the China doesn't want to destroy

167
00:10:09,280 --> 00:10:13,520
Speaker 4: America or destroy the dollar because basically it has a

168
00:10:13,520 --> 00:10:17,040
Speaker 4: lot of dollars and it would impoverish itself in that process.

169
00:10:17,120 --> 00:10:20,520
Speaker 4: So no, I don't buy that. But look as far

170
00:10:20,559 --> 00:10:26,080
Speaker 4: as digital currencies go. Don you quoted cryptocurrency and here

171
00:10:26,120 --> 00:10:30,360
Speaker 4: I'm talking about digital currencies that are Anadian dollar or

172
00:10:30,559 --> 00:10:35,160
Speaker 4: US dollar, not crypto. And as far as your big

173
00:10:35,240 --> 00:10:40,240
Speaker 4: rig and you know, getting digital currency frozen with minus forty,

174
00:10:40,640 --> 00:10:44,080
Speaker 4: I'm more having cash. Nobody's trying to take your cash away.

175
00:10:44,760 --> 00:10:49,199
Speaker 4: But when the weather is good, and also in the future,

176
00:10:49,240 --> 00:10:53,600
Speaker 4: when we have these new systems which will allow transfer

177
00:10:53,600 --> 00:10:57,760
Speaker 4: of currency without signal or without electricity, you'll be able

178
00:10:57,800 --> 00:11:01,760
Speaker 4: to pay digitally, but keep cash. Nobody's trying to take

179
00:11:01,760 --> 00:11:02,200
Speaker 4: it from you.

180
00:11:02,800 --> 00:11:05,480
Speaker 2: Well, that's an important factor too. Rich you don't think

181
00:11:05,480 --> 00:11:07,400
Speaker 2: it's going to be one or the other. Do you

182
00:11:07,440 --> 00:11:10,560
Speaker 2: think is it possible they'll say we're going to have

183
00:11:10,679 --> 00:11:13,960
Speaker 2: cash you can use cash, but we're going this way too.

184
00:11:15,960 --> 00:11:20,800
Speaker 4: Absolutely. Look, you know, you know, George, we're all humans,

185
00:11:20,840 --> 00:11:23,120
Speaker 4: and we like to think in terms of black and white,

186
00:11:23,520 --> 00:11:25,600
Speaker 4: you know, but the reality is there's a lot of

187
00:11:25,640 --> 00:11:31,200
Speaker 4: gray in the world. And the concept that we're going

188
00:11:31,280 --> 00:11:33,760
Speaker 4: to give you digital currency and we're going to take

189
00:11:33,800 --> 00:11:37,680
Speaker 4: away all your money, that's nuts. Not going to happen.

190
00:11:37,760 --> 00:11:40,320
Speaker 4: Do you know how much? Think about it another way?

191
00:11:41,000 --> 00:11:43,280
Speaker 4: Do you know how much cash has squirreled away in

192
00:11:43,320 --> 00:11:46,400
Speaker 4: America right now? If the government wanted to come for it,

193
00:11:46,600 --> 00:11:49,640
Speaker 4: how could they? It wouldn't It wouldn't be practical. There's

194
00:11:50,320 --> 00:11:54,839
Speaker 4: zillions of dollars all sitting there in cupboards and in

195
00:11:55,280 --> 00:11:58,640
Speaker 4: closets all over and hidden the middle cuffy holes all

196
00:11:58,679 --> 00:12:00,120
Speaker 4: over America.

197
00:11:59,720 --> 00:12:04,520
Speaker 2: And West Arsenal wipe out the drug dealers, wouldn't it.

198
00:12:06,080 --> 00:12:08,680
Speaker 4: Well, I don't know what to say there. Yeah, sadly,

199
00:12:09,240 --> 00:12:12,760
Speaker 4: you know, there are those who make the argument, and

200
00:12:12,880 --> 00:12:16,400
Speaker 4: I'm not gonna I'm not going to go there personally,

201
00:12:16,440 --> 00:12:18,160
Speaker 4: but I'm going to just make it because I want

202
00:12:18,200 --> 00:12:22,079
Speaker 4: people to hear it. Is that the loss of cash

203
00:12:22,640 --> 00:12:27,280
Speaker 4: would be a great reduction of crime. Now, this part

204
00:12:27,360 --> 00:12:30,000
Speaker 4: I can tell you I'm willing to go here. Ready.

205
00:12:30,880 --> 00:12:37,200
Speaker 4: In China, where cash use is reduced, in the major cities,

206
00:12:39,760 --> 00:12:44,120
Speaker 4: the local convenience stores, nobody tries to rob them because

207
00:12:44,120 --> 00:12:47,559
Speaker 4: they don't have any money, And nobody tries to rob

208
00:12:47,640 --> 00:12:52,079
Speaker 4: somebody's wallet or purse for the cash because nobody's got

209
00:12:52,080 --> 00:12:54,160
Speaker 4: any cash in it. Now they do try to rob

210
00:12:54,600 --> 00:12:57,040
Speaker 4: ursus and stuff for cell phones. I'm not arguing that,

211
00:12:57,600 --> 00:13:02,360
Speaker 4: but the reality is people or societies that use less

212
00:13:02,520 --> 00:13:06,280
Speaker 4: cash have less crime because people aren't walking around with

213
00:13:06,360 --> 00:13:08,559
Speaker 4: wads of cash in their pocket that you can steal.

214
00:13:08,720 --> 00:13:09,959
Speaker 3: There's no access to it.

215
00:13:12,240 --> 00:13:17,319
Speaker 4: There's that, okay, so people choose not to use it.

216
00:13:17,800 --> 00:13:20,480
Speaker 4: People have access to it. I got an ATM machine

217
00:13:20,480 --> 00:13:22,400
Speaker 4: across the street from my house. I got like four

218
00:13:22,440 --> 00:13:26,480
Speaker 4: of them, but I don't use them, and so people

219
00:13:26,559 --> 00:13:29,720
Speaker 4: have so in China. Let's talk specifically about my life,

220
00:13:30,559 --> 00:13:34,720
Speaker 4: which is hardcore concrete. I have as much access to

221
00:13:34,800 --> 00:13:37,360
Speaker 4: cash here as I have in the US as I

222
00:13:37,440 --> 00:13:40,199
Speaker 4: have anywhere. I can go to the bank and get

223
00:13:40,480 --> 00:13:41,320
Speaker 4: wads of money.

224
00:13:42,240 --> 00:13:45,840
Speaker 3: US dollars are Chinese, oh Chinese.

225
00:13:45,920 --> 00:13:48,040
Speaker 4: Yes, I can also get US dollars, but I got

226
00:13:48,080 --> 00:13:50,120
Speaker 4: to make conversion. And then who's going to take it right.

227
00:13:50,160 --> 00:13:52,360
Speaker 4: I mean, but when I travel occasionally, I got to

228
00:13:52,360 --> 00:13:55,040
Speaker 4: get some US extra US dollars, and sure, I'll go

229
00:13:55,080 --> 00:13:58,199
Speaker 4: to the bank with draw R and B and then

230
00:13:58,240 --> 00:14:00,320
Speaker 4: I'll have to convert that R and B. It cost

231
00:14:00,400 --> 00:14:03,440
Speaker 4: me some money and I'll get a handful of dollars

232
00:14:03,440 --> 00:14:03,800
Speaker 4: out of it.

233
00:14:05,000 --> 00:14:07,920
Speaker 2: Rich speculate on what the next few years will be

234
00:14:08,160 --> 00:14:11,720
Speaker 2: like in terms of this push to go to this

235
00:14:11,840 --> 00:14:13,280
Speaker 2: kind of digital currency.

236
00:14:14,480 --> 00:14:19,920
Speaker 4: Look, it's going to be a long, hard transition, and look,

237
00:14:19,960 --> 00:14:22,280
Speaker 4: I'm gonna have fun with this, if you don't mind me, George,

238
00:14:22,280 --> 00:14:24,240
Speaker 4: because I want to put it in terms that everybody

239
00:14:24,240 --> 00:14:24,840
Speaker 4: can relate to.

240
00:14:25,240 --> 00:14:27,040
Speaker 3: We have a minute, minute and a half left.

241
00:14:26,840 --> 00:14:30,120
Speaker 4: Go ahead, minute and a half. We all had blackberries.

242
00:14:30,560 --> 00:14:33,800
Speaker 4: We now have iPhones or whatever phone we got, and

243
00:14:33,800 --> 00:14:37,480
Speaker 4: we're on iPhone what is it fifteen these days? And

244
00:14:37,520 --> 00:14:41,920
Speaker 4: it was incremental steps from a BlackBerry to the iPhone

245
00:14:41,920 --> 00:14:43,840
Speaker 4: and from the old days when we didn't have any

246
00:14:43,920 --> 00:14:47,720
Speaker 4: smartphones at all. So we're going to have an incremental

247
00:14:48,480 --> 00:14:52,480
Speaker 4: change in getting better cashless systems, but you're always going

248
00:14:52,560 --> 00:14:54,760
Speaker 4: to have access to cash. If you want to

249
00:14:56,320 --> 00:14:59,560
Speaker 1: Listen to more Coast to Coast AM every weeknight at

250
00:14:59,600 --> 00:15:02,560
Speaker 1: one a Eastern and go to Coast to Coasta m

251
00:15:02,600 --> 00:15:03,640
Speaker 1: dot com for more