글로벌 인사이트 4편 패권을 위한 관세전쟁 4편 미중 무역분쟁과 관세전쟁 그 승패와 미국의 승부수는? #미국 #미국투자 #관세전쟁 #미국관세 #미중무역전쟁 #미국증시 #암호화폐
서바이벌 프로젝트 W
[{'start': '6.010', 'end': '7.549', 'text': 'Recently, the tariff issue from the US has caused'}, {'start': '7.690', 'end': '8.989', 'text': 'a lot of volatility in the global investment market.'}, {'start': '11.689', 'end': '12.990', 'text': 'On April 2, the US'}, {'start': '13.529', 'end': '15.750', 'text': 'suddenly announced an executive order'}, {'start': '16.289', 'end': '18.070', 'text': "titled 'Correcting Unfair Trade Practices through Reciprocal Tariffs'."}, {'start': '21.207', 'end': '22.632', 'text': 'And a few days later, on April 5, the'}, {'start': '23.047', 'end': '24.712', 'text': 'sword was pointed at the entire world. A'}, {'start': '27.927', 'end': '30.232', 'text': 'whopping 10% global tariff was imposed on almost all products imported into the US.'}, {'start': '31.607', 'end': '34.072', 'text': 'This measure is a shocking measure that raises the average US import tariff rate'}, {'start': '34.567', 'end': '37.112', 'text': 'to the highest level since 1909.'}, {'start': '40.171', 'end': '41.388', 'text': 'Why on earth did the US'}, {'start': '41.491', 'end': '42.948', 'text': 'make such an extreme choice?'}, {'start': '43.531', 'end': '45.108', 'text': 'And what is the hidden intention?  I will talk'}, {'start': '46.731', 'end': '49.228', 'text': 'about the questions that are essential to understanding this situation'}, {'start': '49.691', 'end': '51.828', 'text': 'through four videos.'}, {'start': '53.369', 'end': '54.710', 'text': 'Today, in the last hour, we will learn about the'}, {'start': '55.409', 'end': '57.030', 'text': 'outcome of the US-China hegemony war and the'}, {'start': '57.489', 'end': '58.910', 'text': 'hidden cards of the US.'}, {'start': '61.855', 'end': '63.704', 'text': 'The US is not as generous or reciprocal to the world as you may think.'}, {'start': '69.355', 'end': '71.684', 'text': 'Rather, it'}, {'start': '73.555', 'end': '75.404', 'text': 'is a country that has maintained hegemony for a long time through thoroughly US-centric diplomacy and economic policies.'}, {'start': '76.955', 'end': '78.804', 'text': 'In particular, it has responded to its own economic crisis by'}, {'start': '79.235', 'end': '81.804', 'text': 'utilizing large-scale fiscal and monetary policies while combining'}, {'start': '82.355', 'end': '83.564', 'text': 'international cooperation or'}, {'start': '83.995', 'end': '86.364', 'text': 'protectionism.'}, {'start': '87.727', 'end': '90.792', 'text': 'In the 2008 financial crisis, it'}, {'start': '91.287', 'end': '93.912', 'text': 'responded with a focus on global solidarity and bailouts and quantitative easing, and'}, {'start': '94.887', 'end': '98.152', 'text': 'in the COVID-19 crisis, it attempted a rapid recovery through the largest-ever fiscal spending and'}, {'start': '98.687', 'end': '101.632', 'text': 'ultra-low interest rate policies.'}, {'start': '103.204', 'end': '104.755', 'text': 'However, these US measures'}, {'start': '107.044', 'end': '109.275', 'text': 'created side effects such as inflation and asset bubbles in emerging countries. On'}, {'start': '110.764', 'end': '113.235', 'text': 'the other hand, China quickly recovered its economy after the 2008 financial crisis and'}, {'start': '116.684', 'end': '119.035', 'text': "emerged as the world's second largest economy in 2010. In"}, {'start': '120.612', 'end': '123.067', 'text': "order to restrain China's strong growth, the"}, {'start': '123.572', 'end': '125.227', 'text': 'Obama administration'}, {'start': '125.732', 'end': '127.667', 'text': 'implemented the Pivot to Asia strategy in 2011.'}, {'start': '129.084', 'end': '132.154', 'text': 'Economically, it established'}, {'start': '134.045', 'end': '136.674', 'text': 'trade norms in the Asia-Pacific region through the Trans-Pacific Partnership Agreement (TPP).  It'}, {'start': '139.770', 'end': '142.870', 'text': "also brought China's dumping, subsidies and"}, {'start': '143.370', 'end': '145.310', 'text': 'intellectual property infringement issues to the WTO and'}, {'start': '145.810', 'end': '148.590', 'text': 'demanded the appreciation of the yuan through exchange rate pressure.'}, {'start': '149.970', 'end': '151.350', 'text': 'In terms of technology and investment, it restricted investment and technology exports'}, {'start': '151.850', 'end': '153.670', 'text': 'to Chinese companies such as Huawei and'}, {'start': '157.370', 'end': '158.870', 'text': 'blocked attempts to acquire American companies.'}, {'start': '160.243', 'end': '163.076', 'text': 'In terms of military and diplomacy, it strengthened military cooperation with Asian allies South Korea, Japan and Australia in response to the South China Sea issue'}, {'start': '166.603', 'end': '167.796', 'text': 'and'}, {'start': '169.763', 'end': '171.916', 'text': 'expanded economic and security cooperation with India and Vietnam. It'}, {'start': '173.367', 'end': '175.112', 'text': 'also'}, {'start': '176.727', 'end': '178.552', 'text': "emphasized China's responsible role through multilateral diplomacy at APEC and the G20 and"}, {'start': '179.087', 'end': '181.072', 'text': 'pressured it to comply with global norms.'}, {'start': '182.557', 'end': '186.562', 'text': 'In response, China regarded the Trans-Pacific Partnership Agreement (TPP)'}, {'start': '187.077', 'end': '189.082', 'text': 'as an economic blockade by the United States and'}, {'start': '189.597', 'end': '192.522', 'text': 'announced the Belt and Road Policy in 2013.'}, {'start': '194.044', 'end': '196.036', 'text': 'In English, the One Belt, One Road Policy,'}, {'start': '196.724', 'end': '198.756', 'text': 'now called the Belt and Road Initiative ('}, {'start': '199.244', 'end': '201.516', 'text': 'BRI), aims to expand global influence based on resolving'}, {'start': '202.124', 'end': '204.716', 'text': "China's excess production capacity and securing resources and expanding"}, {'start': '205.284', 'end': '206.556', 'text': 'markets.'}, {'start': '210.208', 'end': '212.991', 'text': 'In particular, economically, it tried to'}, {'start': '213.488', 'end': '216.311', 'text': "strengthen China's position in the global financial system through the international use of the yuan and to solve the problem of increased national income and excess production"}, {'start': '216.928', 'end': '219.671', 'text': 'by developing new trade routes and expanding export markets.'}, {'start': '225.208', 'end': '227.111', 'text': 'And by reorganizing the economic structure.  In order to overcome the'}, {'start': '227.688', 'end': '228.751', 'text': 'middle-income trap, that'}, {'start': '229.408', 'end': '232.271', 'text': 'is, the phenomenon in which the economy rapidly grows to the middle-income level but then stagnates'}, {'start': '232.768', 'end': '235.271', 'text': 'without leaping to the next stage, a high-income country, a'}, {'start': '240.008', 'end': '241.111', 'text': 'lever was needed to reorganize the industrial structure.'}, {'start': '242.613', 'end': '244.706', 'text': 'Finally, by developing western China, it was intended to'}, {'start': '245.293', 'end': '248.506', 'text': 'strengthen economic connectivity in places like Xinjiang to'}, {'start': '249.093', 'end': '250.786', 'text': 'alleviate the problem of separatist violence and to secure a stable supply of energy'}, {'start': '251.413', 'end': '252.986', 'text': 'to Central Asia and the Middle East to'}, {'start': '255.213', 'end': '256.546', 'text': 'ensure security.'}, {'start': '258.047', 'end': '258.952', 'text': 'In general, it was an activity intended to spread'}, {'start': '259.087', 'end': '261.912', 'text': "China's economic and political model to the international community, and its"}, {'start': '266.367', 'end': '268.952', 'text': 'content could be seen as neocolonialism or economic imperialism. In'}, {'start': '270.647', 'end': '272.952', 'text': '2017, the first Trump administration'}, {'start': '273.447', 'end': '275.272', 'text': 'began a full-scale trade war,'}, {'start': '275.847', 'end': '277.952', 'text': 'defining China as a strategic competitor and'}, {'start': '278.407', 'end': '280.752', 'text': 'intensifying economic and technological confrontation.'}, {'start': '282.160', 'end': '285.639', 'text': 'In 2018, it'}, {'start': '286.200', 'end': '289.759', 'text': 'imposed high tariffs of 10-25% on imported Chinese steel, aluminum, and consumer goods, and'}, {'start': '290.320', 'end': '292.599', 'text': 'China responded with retaliatory tariffs on US agricultural products and automobiles.'}, {'start': '295.848', 'end': '298.391', 'text': 'Technically, in 2019, Huawei was'}, {'start': '298.888', 'end': '301.191', 'text': "added to the US Department of Commerce's export control list,"}, {'start': '301.768', 'end': '304.231', 'text': 'blocking the supply of US technology and semiconductors, and strengthening the screening of'}, {'start': '304.848', 'end': '306.511', 'text': "Chinese companies' investments in the US and"}, {'start': '307.048', 'end': '307.798', 'text': "US companies'"}, {'start': '307.808', 'end': '310.111', 'text': 'investments in Chinese technology.'}, {'start': '311.610', 'end': '313.749', 'text': 'Also  They combined tax benefits and pressure to get US companies to relocate their production sites in China.'}, {'start': '319.247', 'end': '321.352', 'text': 'Eventually, with the Phase 1 trade agreement in 2020,'}, {'start': '321.887', 'end': '324.312', 'text': 'China agreed to increase purchases of US agricultural and marine products and'}, {'start': '324.847', 'end': '327.232', 'text': 'strengthen intellectual property protection, but'}, {'start': '327.687', 'end': '329.352', 'text': 'implementation of the agreement was limited. As'}, {'start': '330.887', 'end': '332.832', 'text': 'a result, bilateral trade decreased, and the'}, {'start': '333.327', 'end': '335.952', 'text': 'US trade deficit with China did not decrease significantly.'}, {'start': '337.493', 'end': '338.906', 'text': 'After that, the Biden administration also'}, {'start': '339.053', 'end': '341.106', 'text': 'implemented sanctions on China in earnest, but'}, {'start': '341.733', 'end': '342.946', 'text': 'unlike the Trump administration, it'}, {'start': '343.373', 'end': '345.346', 'text': 'tried to respond in solidarity with its allies. In'}, {'start': '346.997', 'end': '350.242', 'text': 'particular, it strengthened multilateral cooperation such as the Quad, consisting of the US, Japan, India, and Australia,'}, {'start': '350.837', 'end': '353.162', 'text': 'and the Okrus, consisting of the US, the UK, and Australia, to'}, {'start': '355.357', 'end': '358.082', 'text': "check China's economic and military expansion."}, {'start': '359.604', 'end': '361.156', 'text': 'Existing controls on advanced technologies and'}, {'start': '361.284', 'end': '363.356', 'text': 'regulations on supply chains continued. In'}, {'start': '364.004', 'end': '365.196', 'text': 'October 2022,'}, {'start': '365.644', 'end': '368.156', 'text': 'exports of semiconductors and AI to China were restricted, and'}, {'start': '368.724', 'end': '370.436', 'text': 'Dutch company ASML and'}, {'start': '370.924', 'end': '373.396', 'text': 'Taiwanese company TSMC also joined in.'}, {'start': '374.766', 'end': '377.953', 'text': 'In 2023, they reviewed regulations on'}, {'start': '378.606', 'end': '380.113', 'text': 'cloud computing services and'}, {'start': '380.246', 'end': '382.033', 'text': "data exports to block China's AI development."}, {'start': '383.366', 'end': '385.593', 'text': 'And in order to reorganize the'}, {'start': '386.046', 'end': '388.113', 'text': 'supply chains of key industries such as semiconductors, batteries, and rare earths from China to the'}, {'start': '388.566', 'end': '390.873', 'text': 'US and its allies, they'}, {'start': '391.406', 'end': '393.473', 'text': 'applied the Chips Act in 2022 to'}, {'start': '394.046', 'end': '395.953', 'text': 'induce semiconductor production in the US, thereby creating a'}, {'start': '396.486', 'end': '398.313', 'text': 'friend-centered alliance.  The'}, {'start': '398.806', 'end': '401.633', 'text': 'focus will be on shoring and reshoring, the return of domestic industries.'}, {'start': '403.209', 'end': '404.910', 'text': 'In response to this continued pressure from the United States,'}, {'start': '405.449', 'end': '408.270', 'text': 'China has responded with retaliatory tariffs on US products,'}, {'start': '408.809', 'end': '411.350', 'text': 'while at the same time securing alternative markets through trade agreements with ASEAN and the EU.'}, {'start': '414.567', 'end': '417.392', 'text': 'And through strategies such as Made in China 2025, it has accelerated the domestic production of core technologies'}, {'start': '417.967', 'end': '419.752', 'text': 'such as semiconductors, AI, and 5G.'}, {'start': '423.849', 'end': '425.590', 'text': 'In addition, through the past Belt and Road policy and the'}, {'start': '426.009', 'end': '427.550', 'text': 'current BRI policy, it has'}, {'start': '428.049', 'end': '431.110', 'text': 'strengthened economic cooperation with Africa and Central and South America and expanded the'}, {'start': '431.729', 'end': '433.510', 'text': 'data and communication infrastructure of the Digital Silk Road.'}, {'start': '437.048', 'end': '439.031', 'text': 'Finally, in order to weaken the US alliance network, it has'}, {'start': '440.688', 'end': '443.151', 'text': 'emphasized economic cooperation with Korea and Europe and'}, {'start': '444.848', 'end': '446.791', 'text': 'delivered the message that cooperation with China is essential.'}, {'start': '448.328', 'end': '450.071', 'text': 'Now the die is cast. The US, which is trying to change the'}, {'start': '451.767', 'end': '453.632', 'text': 'China-centric supply chain structure,'}, {'start': '455.567', 'end': '457.832', 'text': 'Europe, which suffered the most from the Russo-Russian War,'}, {'start': '458.487', 'end': '460.144', 'text': 'and countries that oppose the China-centric supply chain have come'}, {'start': '460.154', 'end': '461.312', 'text': 'together to seek a'}, {'start': '461.927', 'end': '463.392', 'text': 'new global supply chain and'}, {'start': '463.807', 'end': '465.832', 'text': 'economic influence.'}, {'start': '466.407', 'end': '470.472', 'text': 'This is the India-Middle East-Europe Economic Corridor (IMEC).'}, {'start': '471.799', 'end': '475.960', 'text': 'IMEC was announced at the 2023 G20 Summit, and its'}, {'start': '476.559', 'end': '477.359', 'text': 'main contents are a project to build a data network of'}, {'start': '482.639', 'end': '485.280', 'text': 'railways, ports, and energy pipelines connecting India, the UAE, Saudi Arabia, Israel, and Greece to reduce'}, {'start': '488.159', 'end': '489.840', 'text': 'transportation time by 40% and reduce'}, {'start': '490.525', 'end': '492.994', 'text': 'costs.  The goal is to reduce'}, {'start': '494.365', 'end': '497.074', 'text': "China's dependence on the BRI by 30%. Through this, the relevant countries aim to reduce their dependence on China and"}, {'start': '497.685', 'end': '500.954', 'text': 'build an alternative supply chain centered on India, the Middle East, and Europe, and'}, {'start': '501.485', 'end': '503.874', 'text': 'especially create a route that bypasses China in the semiconductor, energy, and consumer goods supply chains.'}, {'start': '508.568', 'end': '510.671', 'text': 'Comparing the BRI and IMEC, the'}, {'start': '511.288', 'end': '512.711', 'text': 'BRI is a China-led'}, {'start': '512.848', 'end': '514.271', 'text': 'global infrastructure project, while'}, {'start': '514.888', 'end': '515.688', 'text': 'IMEC is a'}, {'start': '515.768', 'end': '518.831', 'text': 'network project connecting India, the Middle East, and Europe, and is'}, {'start': '519.368', 'end': '521.351', 'text': 'supported by the United States and the EU.'}, {'start': '523.010', 'end': '524.147', 'text': 'Both projects'}, {'start': '525.251', 'end': '527.308', 'text': 'require overlapping participation from countries in geopolitics,'}, {'start': '527.891', 'end': '530.108', 'text': 'namely Saudi Arabia, the United Arab Emirates,'}, {'start': '530.611', 'end': '531.708', 'text': 'Greece, and Italy.'}, {'start': '532.971', 'end': '533.771', 'text': 'All four countries'}, {'start': '533.851', 'end': '535.828', 'text': 'initially participated in the BRI, but are'}, {'start': '536.291', 'end': '538.468', 'text': 'now also participating in IMEC. Among'}, {'start': '539.891', 'end': '542.148', 'text': 'them, Saudi Arabia and the United Arab Emirates, both Middle Eastern countries, are'}, {'start': '543.771', 'end': '545.668', 'text': 'generally pursuing balanced diplomacy, while'}, {'start': '546.251', 'end': '548.428', 'text': 'Greece and Italy are leaning toward IMEC due to the influence of the EU.'}, {'start': '551.887', 'end': '553.592', 'text': 'Looking at the current progress, the'}, {'start': '554.007', 'end': '556.272', 'text': 'BRI, which has been in progress since 2013,'}, {'start': '556.847', 'end': '559.672', 'text': 'has the upper hand in terms of investment scale and speed, but'}, {'start': '560.327', 'end': '562.872', 'text': 'IMEC, which has been in full swing since 2023, is'}, {'start': '564.767', 'end': '566.912', 'text': 'emphasizing transparency and sustainability through multilateral cooperation and'}, {'start': '567.407', 'end': '568.872', 'text': 'is keeping the BRI in check. For'}, {'start': '570.571', 'end': '572.708', 'text': 'this reason, the United States is trying to'}, {'start': '573.131', 'end': '575.668', 'text': 'quickly resolve the political instability in the Middle East, where it holds the key.  We fully support'}, {'start': '576.171', 'end': '579.148', 'text': "Saudi Arabia's Vision 2030 policy and"}, {'start': '581.571', 'end': '583.988', 'text': 'give overwhelming support to Israel.'}, {'start': '585.525', 'end': '588.635', 'text': "And at this time, President Trump's plan to have the US manage and develop the Gaza Strip, a key region in the Middle East and"}, {'start': '589.205', 'end': '591.435', 'text': 'one of the key regions of IMEC, for a long period of time,'}, {'start': '595.445', 'end': '596.755', 'text': 'also'}, {'start': '597.205', 'end': '598.915', 'text': 'came from this background. If you'}, {'start': '600.492', 'end': '602.907', 'text': 'listen to the stories coming out of the American media these days, they often say that tariffs will cause inflation by'}, {'start': '603.532', 'end': '605.267', 'text': 'raising prices and'}, {'start': '607.332', 'end': '608.747', 'text': 'decrease demand for bonds,'}, {'start': '609.252', 'end': '610.067', 'text': 'ultimately giving China an opportunity.'}, {'start': '614.013', 'end': '616.146', 'text': 'However, the United States is'}, {'start': '616.773', 'end': '618.746', 'text': 'not as simple in its economic mechanism as the media says, and it is'}, {'start': '619.373', 'end': '621.546', 'text': 'still a superpower with strong hegemony in various fields including finance.'}, {'start': '629.011', 'end': '630.268', 'text': 'Countries that were watching the situation in the past hegemony war with China now need to make their course clear'}, {'start': '630.851', 'end': '632.788', 'text': 'due to the large-scale reciprocal tariff measures of the United States.'}, {'start': '637.651', 'end': '638.468', 'text': 'In various fields,'}, {'start': '638.571', 'end': '640.948', 'text': 'China has caught up with the United States at an incredible pace, but'}, {'start': '641.531', 'end': '642.788', 'text': 'in the financial sector, it is'}, {'start': '643.011', 'end': '644.868', 'text': 'still difficult for it to catch up with the United States.'}, {'start': '646.475', 'end': '648.924', 'text': 'Looking at the recently controversial US Treasury bonds,'}, {'start': '649.515', 'end': '652.964', 'text': 'according to the US Treasury TIC data for October 2024, the'}, {'start': '653.555', 'end': '656.404', 'text': "US's own digestible volume is close to 70%. Japan, which is ranked first and China, which are in the"}, {'start': '657.915', 'end': '660.644', 'text': 'news every day, hold US bonds overseas, accounting for 10% of all'}, {'start': '663.755', 'end': '667.884', 'text': 'US bonds.  The size is quite small, holding 4.1% and 2.8%, respectively, and'}, {'start': '670.035', 'end': '671.404', 'text': 'even if it does have an impact,'}, {'start': '671.755', 'end': '673.764', 'text': 'the effect will be temporary.'}, {'start': '675.325', 'end': '676.634', 'text': 'Rather, since the combined holding rate of the US Federal Reserve and'}, {'start': '676.845', 'end': '678.914', 'text': 'US financial institutions is'}, {'start': '679.365', 'end': '681.034', 'text': 'close to 55%, it can be seen that it is'}, {'start': '681.725', 'end': '683.274', 'text': 'ultimately more affected by US fiscal policy.'}, {'start': '687.366', 'end': '689.153', 'text': 'The US is the center of global finance, with a'}, {'start': '689.686', 'end': '692.713', 'text': 'strong capital market based on Wall Street and a'}, {'start': '693.246', 'end': '695.393', 'text': 'global banking system. The'}, {'start': '696.926', 'end': '698.753', 'text': 'New York Stock Exchange and NASDAQ are the'}, {'start': '699.246', 'end': '700.753', 'text': "world's largest stock markets, and the"}, {'start': '701.206', 'end': '702.393', 'text': 'dollar'}, {'start': '702.726', 'end': '705.353', 'text': 'has a dominant position in international finance as a key currency.'}, {'start': '707.006', 'end': '709.433', 'text': 'Behind this, the fintech industry has developed,'}, {'start': '709.926', 'end': '712.353', 'text': 'leading digital payments and financial services, and strong regulatory agencies such as the'}, {'start': '713.603', 'end': '715.796', 'text': 'US Securities and Exchange Commission (SEC) and the'}, {'start': '716.283', 'end': '718.076', 'text': 'Federal Reserve (FED) have'}, {'start': '718.563', 'end': '721.196', 'text': 'market stability and'}, {'start': '721.763', 'end': '722.956', 'text': 'investor protection, while'}, {'start': '723.123', 'end': '724.716', 'text': 'also providing flexibility that does not hinder innovation.'}, {'start': '728.090', 'end': '729.909', 'text': 'In addition, large US financial institutions'}, {'start': '730.410', 'end': '733.149', 'text': 'such as JP Morgan and Goldman Sachs'}, {'start': '733.730', 'end': '735.709', 'text': 'form networks around the world and'}, {'start': '736.210', 'end': '738.829', 'text': 'lead global investment and capital flows.'}, {'start': '740.611', 'end': '742.668', 'text': 'Finally,'}, {'start': '742.891', 'end': '743.708', 'text': 'venture capital centered around Silicon Valley provides the optimal environment for new and innovative businesses by providing massive funds'}, {'start': '744.291', 'end': '746.028', 'text': 'to startups and financial technology development.'}, {'start': '753.851', 'end': '756.908', 'text': 'On the other hand, China has a population of 1.4 billion.  Based on the domestic market, it'}, {'start': '759.651', 'end': '762.708', 'text': 'has led the global mobile payment market through Alipay and WeChat Pay. It has'}, {'start': '764.327', 'end': '767.112', 'text': 'also been the first in the world to commercialize digital yuan by applying CBDC, a central bank digital currency, and'}, {'start': '771.007', 'end': '773.952', 'text': 'has also shown leading activities in blockchain technology.'}, {'start': '775.287', 'end': '777.472', 'text': 'However, due to the strong control of the Chinese government, it is difficult for'}, {'start': '778.047', 'end': '779.472', 'text': 'private companies to innovate overall. In addition, the'}, {'start': '782.845', 'end': '785.714', 'text': 'international use of the yuan is limited, and the'}, {'start': '786.285', 'end': '788.354', 'text': 'global influence of Chinese financial institutions is'}, {'start': '788.885', 'end': '790.114', 'text': 'weaker than that of the United States. Also, complete integration with the global capital market is difficult due to'}, {'start': '791.605', 'end': '794.154', 'text': 'foreign exchange controls and capital movement restrictions.'}, {'start': '799.525', 'end': '800.794', 'text': 'In this situation, the United States has pulled'}, {'start': '800.925', 'end': '802.834', 'text': 'out a new secret weapon.'}, {'start': '804.485', 'end': '806.234', 'text': 'That is, a rapid transition to digital finance'}, {'start': '806.325', 'end': '807.674', 'text': 'and a'}, {'start': '808.125', 'end': '809.474', 'text': 'new game plan. The'}, {'start': '811.409', 'end': '813.710', 'text': 'American media said that President Trump made a surprise statement of support during the past presidential election to win the'}, {'start': '814.209', 'end': '816.750', 'text': 'support of the cryptocurrency industry or the'}, {'start': '817.169', 'end': '818.710', 'text': 'votes of investors.'}, {'start': '823.530', 'end': '826.149', 'text': 'And now, there is news that the'}, {'start': '826.650', 'end': '827.789', 'text': 'demand for US bonds that will be obtained through the issuance of stable coins and that'}, {'start': '828.410', 'end': '831.229', 'text': 'World Liberty Financial, which is related to Trump, has made money by'}, {'start': '831.690', 'end': '832.749', 'text': 'investing in cryptocurrency.'}, {'start': '836.766', 'end': '838.913', 'text': 'However, these things are not the essence.'}, {'start': '840.446', 'end': '843.353', 'text': 'In the past, industrial development was slow due to the uncertain regulatory environment and'}, {'start': '844.126', 'end': '845.833', 'text': 'various lawsuits led by the SEC under the Biden administration, but the'}, {'start': '848.726', 'end': '850.953', 'text': 'Trump administration is making tremendous progress in improving the regulatory environment and'}, {'start': '851.366', 'end': '852.393', 'text': 'developing the industry.'}, {'start': '853.846', 'end': '855.633', 'text': 'Here are some'}, {'start': '857.246', 'end': '859.953', 'text': 'representative activities that have been carried out so far.'}, {'start': '861.326', 'end': '862.126', 'text': 'First, in'}, {'start': '865.526', 'end': '866.793', 'text': 'order to fulfill the promise to make the United States the world capital of cryptocurrency, an executive order was issued to'}, {'start': '867.366', 'end': '870.233', 'text': "strengthen America's leadership in digital financial technology and a"}, {'start': '872.566', 'end': '875.433', 'text': 'working group for policy advice was established. In'}, {'start': '877.004', 'end': '880.515', 'text': 'particular, key financial institutions such as the Treasury,'}, {'start': '881.164', 'end': '882.875', 'text': 'Securities and Exchange Commission, SEC, and'}, {'start': '883.524', 'end': '885.915', 'text': 'Commodity Futures Trading Commission CTFC'}, {'start': '886.444', 'end': '887.515', 'text': 'participated in this group to'}, {'start': '887.884', 'end': '889.915', 'text': 'develop a clear regulatory framework and'}, {'start': '890.484', 'end': '893.115', 'text': 'review the possibility of stockpiling digital assets.'}, {'start': '895.609', 'end': '898.150', 'text': 'Second, a dedicated task force was launched for the development of a cryptocurrency regulatory framework for the Securities and Exchange Commission, which was at the center of regulation during the Biden administration.'}, {'start': '907.245', 'end': '908.045', 'text': 'Third,'}, {'start': '908.325', 'end': '909.874', 'text': 'the United States signed an executive order'}, {'start': '910.045', 'end': '911.514', 'text': 'not to sell confiscated Bitcoin on the open market but to'}, {'start': '912.125', 'end': '913.474', 'text': 'hold it as a strategic asset.'}, {'start': '917.365', 'end': '918.165', 'text': 'Fourth, the'}, {'start': '918.485', 'end': '921.554', 'text': 'central bank digital currency CBDC was banned,'}, {'start': '922.125', 'end': '924.354', 'text': 'which supports the growth of the decentralized cryptocurrency market. The'}, {'start': '927.644', 'end': '930.555', 'text': 'ultimate goal of all the contents mentioned above is to transition to decentralized digital finance that thoroughly reflects the logic of a market economy,'}, {'start': '931.204', 'end': '934.235', 'text': 'not the current finance centered on the central government or financial institutions. Although it is'}, {'start': '942.446', 'end': '943.993', 'text': 'difficult for us to feel it, the volume of'}, {'start': '944.526', 'end': '946.713', 'text': 'cryptocurrency transactions in 2025 will be'}, {'start': '947.366', 'end': '949.393', 'text': '19% of the global foreign exchange market,'}, {'start': '950.246', 'end': '951.353', 'text': '93% of the stock market,'}, {'start': '952.253', 'end': '953.473', 'text': '28% of bank payments, and'}, {'start': '954.486', 'end': '956.073', 'text': '20% of card payments.  What if'}, {'start': '960.334', 'end': '961.865', 'text': 'this phenomenon accelerates and'}, {'start': '963.494', 'end': '966.545', 'text': 'replaces the traditional financial system in the not-too-distant future?  The'}, {'start': '968.449', 'end': '971.030', 'text': 'importance of the exchange rate of fiat currency will decrease, and the exchange rate between'}, {'start': '971.609', 'end': '973.190', 'text': 'dollar-based stable coins or'}, {'start': '973.769', 'end': '975.590', 'text': 'major cryptocurrencies'}, {'start': '976.049', 'end': '978.070', 'text': 'will form a new exchange rate system.'}, {'start': '979.727', 'end': '982.232', 'text': 'In addition, the traditional monetary policy of the central bank is likely to be rendered powerless'}, {'start': '982.767', 'end': '984.592', 'text': 'due to the decentralized nature of cryptocurrencies.'}, {'start': '988.327', 'end': '989.992', 'text': 'In particular, the'}, {'start': '990.487', 'end': '992.392', 'text': 'financial systems of developing countries with weak economic management capabilities will'}, {'start': '992.927', 'end': '994.472', 'text': 'lose government initiative.'}, {'start': '995.934', 'end': '997.585', 'text': 'And in this situation, the United States'}, {'start': '1004.574', 'end': '1006.265', 'text': 'will maintain a strong hegemony in the cryptocurrency ecosystem through the regulatory framework of dollar-based stable coins. Just as the'}, {'start': '1008.050', 'end': '1009.989', 'text': 'Internet developed by the United States in the past'}, {'start': '1010.450', 'end': '1011.549', 'text': 'was introduced to the world and the'}, {'start': '1012.890', 'end': '1015.469', 'text': 'boundaries of time and space for information quickly collapsed,'}, {'start': '1016.250', 'end': '1018.069', 'text': 'we are now at the beginning of a huge change called financial innovation. The'}, {'start': '1021.410', 'end': '1023.429', 'text': 'way the United States plays the game best It is running fiercely with a big direction to'}, {'start': '1025.410', 'end': '1027.109', 'text': 'create an attractive new market where competition is free and to'}, {'start': '1027.730', 'end': '1029.589', 'text': 'become the overwhelming number one there. As I'}, {'start': '1034.573', 'end': '1035.946', 'text': 'organized various issues, I felt that it was insufficient to'}, {'start': '1036.133', 'end': '1037.426', 'text': 'provide detailed information. I will'}, {'start': '1039.693', 'end': '1042.506', 'text': 'visit individual issues in separate videos.'}, {'start': '1044.327', 'end': '1047.072', 'text': 'Please show us a lot of love for Survival Project W.'}, {'start': '1047.607', 'end': '1050.392', 'text': 'Subscriptions and likes are a great help in video production.'}, {'start': '1052.008', 'end': '1054.141', 'text': 'Thank you for watching the long video.'}]