EU Threatens To STEAL $10 Trillion in Citizens’ Savings! Got Bitcoin?

**Dante Coco** (0:00)
Scott Bessent just told the world, it's time to get aggressive. He went on a media bullet saying that him and Warsh are on the same page about bonds, meaning we're not hiking. And he flew him on his private jet to send a message, a dire warning about hiking during a supply shock. And he's not the only one putting pressure on the Fed chair. So is the president.

**SPEAKER_2** (0:17)
And Chairman Kevin Warsh signaled Friday that he might consider raising rates. Are you opposed to this and have you spoken to him about it?

**SPEAKER_3** (0:24)
No, I have a lot of respect for him and he'll do what he has to do. I think we are interest rates are too high.

**Dante Coco** (0:30)
If you're under allocated to Bitcoin right now, you shouldn't be. Tom Lee gives us a few reasons as to why it's going to be a huge fourth quarter. And if you're in Europe, you need to be in Bitcoin right now. The president of the EU said that they have proposals out there to steal your hard-earned savings for the benefit of the banks. Today I'm going to roll out a list of reasons as to why you should be allocated to Bitcoin right now. This is Dante Coco, Bitcoin Simply. Let's go.
If you've ever needed a reason to tell people why Bitcoin exists, and why people should allocate a portion of their savings to it, this is the clip to send.

**Ursula von der Leyen** (1:08)
Unfortunately, this savings is lazy. 10,000 billion euros of savings from mining are left today on bank deposits. And a large part of the European savings is invested outside of our continent.
Europe must now put it in the service of these companies. And that is the purpose of the Union for the Spare of Investments.

**Dante Coco** (1:37)
This is Ursula von der Leyen. She's the president of the EU Commission. And she's openly saying that they want to steal 10 trillion dollars of European citizens' money, calling savings lazy for the benefit of the banks and large companies in their country, because they're choosing not to invest in Europe and to other places. This is not AI and she's not a robot, although she sounds like one. This is real. And this is evidence that the British Ponzi scheme and that its days as a global superpower are coming to an end. They're no longer the economic power that they used to be. And neither is the United States. When you're the leader in your given field, you don't have to talk. As a football coach, they always say let your pads and let the scoreboard do the talking. So why if you're a superpower that's so strong and so dominant in the world, do you have to constantly go out and defend your position? Like Scott Bessent, who's been on the media blitz and doing an interview every single day for about the last few weeks. He's saying that the US is coming from a position of strength and that we're going to grow our way out of this situation.

**Scott Bessent** (2:33)
That the US bond market is the most resilient in the world. And let's just level set here for a minute, Sarah. Everyone's talking about the US bond market. US bond market this month will have been the best performing bond market.
The third year, the yield is down. The 10 year, the yield is flat. No other major bond market can say that.
We are, the 10 year yield is flat since President Trump came in. And I'm not hung up on what rating agencies say. But two weeks ago, Fitch reaffirmed the US rating. That was an inconvenient truth, so it didn't get any publicity. So, and if there were a problem in the US bond market, Sarah, then people would be selling US bonds and buying other countries bonds, but we are the best performing market.

**Dante Coco** (3:21)
Scott Bessent is right. It's not just our bond market that sucks. It's everybody's. Meaning that the problem isn't just isolated to the United States. It's common to everyone around the globe. Which means the total global debt financial system that we once knew is collapsing. And this is why Bitcoin exists. This is why it's so valuable, not to just people in the United States or the EU, but to people globally. And this is part of the reason why it was up 25% in August, one of its best performing months ever, which has historically been a negative month. And with Bitcoin performing so well in August, people are starting to question, how high will it go?
Hundreds of thousands, millions?