Here is the translation of the provided English text into Japanese:
YouTube: https://www.youtube.com/watch?v=5N0ERi484IQ Episode of The Bitcoin Matrix podcast, host Cedric Youngelman interviews Nik Bhatia - a financial researcher, CFA charter holder, and Adjunct Professor of Finance and Business Economics. They discuss US Treasuries, the Gold Florin, the discipline of hard money, how banks use their balance sheets to create money, the US vs China, CBDCs, are financial panics avoidable in a fractional reserve system, Hal Finney and much more. Episode premiered on August 20, 2021.