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Speaker 1: Hello, and welcome back. You are listening to another episode

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Speaker 1: of the Mark Mos Show, where we talk about the

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Speaker 1: decentralized revolution each and every week, and of course talking

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Speaker 1: about through the lens of politics, finance, and technology. The

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Speaker 1: technology being the decentralized technology of bitcoin and we see

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Speaker 1: how that changes the world. Now, I try to bring

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Speaker 1: to you some education so you can kind of understand

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Speaker 1: things a little bit differently than what they're being presented.

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Speaker 1: Some of the latest breaking news, y're up to date,

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Speaker 1: and that is exactly what I want to dig into

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Speaker 1: today each and every week. I mean, things are just

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Speaker 1: happening so fast, so you've gotta stay on top of this.

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Speaker 1: And this week we saw an anniversary, a big anniversary,

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Speaker 1: one that I was super excited to see. I'm talking

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Speaker 1: about the one year anniversary of El Salvador adopting bitcoin

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Speaker 1: as a reserve currency. Now a lot of people listen

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Speaker 1: to this might go, yeah, but mark bitcoins down. You know,

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Speaker 1: from it's all time high. It's a horrible store of

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Speaker 1: value or medium exchange. And look how farst down on etcetera.

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Speaker 1: You are looking at bitcoin purely for its US d

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Speaker 1: U S dollar valuation um as opposed to an alternative

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Speaker 1: payment system that it really is. You're also trying to

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Speaker 1: look at a new technology by looking at the wrong things.

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Speaker 1: As I've said many many times, the way that you

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Speaker 1: look at a new technology is not the US dollar valuation.

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Speaker 1: You look at it through the growth of the network

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Speaker 1: and the development that's happening on the network. So like

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Speaker 1: with Uber, for example, people invested into it um You

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Speaker 1: know in Silicon Valley a decade ago, it was not

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Speaker 1: publicly traded. Nobody knew what the price of um Uber

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Speaker 1: was for the first decade. And imagine if you did.

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Speaker 1: Every time they got a new city or got a

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Speaker 1: protest from a city, the price would go up and down. Instead,

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Speaker 1: you looked at the growth. Are they adding more drivers,

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Speaker 1: are they getting more riders, are they getting more app downloads?

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Speaker 1: And look at the development on the on the network,

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Speaker 1: like now they have Uber Eat they deliver food and

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Speaker 1: things like that. And so you want to look at

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Speaker 1: it not just the newest dollar terms. And so looking

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Speaker 1: at bitcoin being adoption by a nation state is a

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Speaker 1: big development on the network. Maybe the US dollar value

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Speaker 1: doesn't represent that today, but we stuff to look at that.

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Speaker 1: And I want to show you a couple of things

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Speaker 1: that showed just that. Now, as somebody who's looking to

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Speaker 1: get ahead in life, somebody who wants to invest, who

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Speaker 1: wants who wants to uh work in the right direction.

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Speaker 1: What I'm always looking for is I'm looking for mismatches,

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Speaker 1: a mismatch in the difference between perception and reality. Now,

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Speaker 1: those mismatches are our opportunity. Right, So the you know,

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Speaker 1: the markets are pretty efficient. So you know, we talked

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Speaker 1: about the stock markets. You know, are they pricing in

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Speaker 1: um you know more rate increases? Are they pricing in

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Speaker 1: these bad things? Because the markets are always trying to

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Speaker 1: figure this out. What we're looking for the opportunity is,

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Speaker 1: why would the market think this thing is actually worth

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Speaker 1: way different, way less, or way more than I think

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Speaker 1: it is. So UM Tesla stock, for example, there's no

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Speaker 1: reason why Tesla stocks should be worth this much. They're

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Speaker 1: worth more than every other car company in the world.

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Speaker 1: Look at the problem. Has the markets value in this

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Speaker 1: but I think the markets really less. That's my opportunity

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Speaker 1: to short it. For an example, I'm not saying that's

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Speaker 1: the case UM, or we'd look at something opposite. UM.

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Speaker 1: Look at you know, real estate markets getting hammered, the

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Speaker 1: home building stocks are getting completely hammered as well. But

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Speaker 1: I think these homeowner stocks are actually worth way more.

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Speaker 1: I think the markets discounting them and they shouldn't be,

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Speaker 1: So I'm gonna buy homebuilder stocks. So always looking for

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Speaker 1: that mismatch. And I think there's a mismatch with bitcoin

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Speaker 1: as well. I Um, I put out a tweet and

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Speaker 1: what did I say here? I said, Oh, I said

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Speaker 1: to a Wall Street trader, bitcoin is just another trading toy,

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Speaker 1: but two millions of people living under authoritarian regimes and

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Speaker 1: double digit inflation, it's a life draft. Sooner than later

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Speaker 1: this will flip. So what I'm saying is is that

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Speaker 1: there's a mismatch. Wall Street thinks it's just another risk asset.

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Speaker 1: They trade it just like any other tech stock. But

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Speaker 1: that's not what it is. So there's a mismatch there.

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Speaker 1: It's actually something different. So to millions of people living

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Speaker 1: under authority aran regimes in North Korea where are not

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Speaker 1: even allowed to have money, it's a life draft. And

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Speaker 1: I think that's gonna play out. Now. Back to El Salvador,

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Speaker 1: so um the one year anniversary, and it hasn't been

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Speaker 1: a smooth route there. The first one. There's a saying

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Speaker 1: that as the pioneers always get some arrows in the back.

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Speaker 1: So the first mover has to deal with all the problems.

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Speaker 1: They have to deal with, every bump in the road,

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Speaker 1: they have to deal with all the hate. They got

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Speaker 1: to deal with the arrows in the back. And that's

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Speaker 1: kind of what else Salvador has had to deal with,

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Speaker 1: they say. Despite many real stumbles and skeptical mainstream coverage

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Speaker 1: of President Boukeley's bitcoin initiative, both tourism numbers and remittance

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Speaker 1: usage are already showing meaningful payoffs. So let's break that

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Speaker 1: down a minute. Well, I'm gonna break that down a second.

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Speaker 1: So what's interesting though, is um this month, and it

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Speaker 1: was actually September fifteenth, it marked El Salvador's Independence Day.

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Speaker 1: Just like in the United States we have fourth of July,

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Speaker 1: they have their own independence day on this date. In

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Speaker 1: eighteen twenty one, the UH the Provincial Council of Guatemala

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Speaker 1: proclaimed the independence of the entire region Central America from

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Speaker 1: the Spanish Empire in a document known as the Act

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Speaker 1: of Independence of Central America. Now what's interesting is we

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Speaker 1: basically saw the same thing happen where this month also

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Speaker 1: marks the one year anniversary of a more recent independent struggle,

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Speaker 1: and that is El Salvador's effort to decouple its economy

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Speaker 1: from the US dollar by using a different currency, by

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Speaker 1: recognizing bitcoin as legal tender. Now uh, it says, in

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Speaker 1: part thanks to a very instability bread by American interventions

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Speaker 1: in the nineteen eighties. So this would be Oliver North

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Speaker 1: and the Sandinistas and the Iran contra. If you don't

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Speaker 1: know what that is, you might want to go check

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Speaker 1: out as a pretty interesting story. And what we saw

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Speaker 1: is that this led to massive in stability. I'm not

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Speaker 1: gonna dig into that, but basically, um, they they abandoned

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Speaker 1: their own currency, their own paceo, and they started to

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Speaker 1: move on to the dollars. Happened in finalized in the

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Speaker 1: year two thousand and So Al Savadors are kind of

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Speaker 1: been running on the dollar, which is a fairly stable currency. Um,

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Speaker 1: but they weren't the masters of their own fate. If

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Speaker 1: the US Federal Reserve decided to print more money, then

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Speaker 1: that would mean mean massive inflation for Al Savador. They

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Speaker 1: couldn't control that. Now, it says a sal Savadorian president Bukeley.

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Speaker 1: Um looks like he saw the right on the wall.

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Speaker 1: When he first in between his Bitcoin law, dollar inflation

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Speaker 1: in the the US was barely tacking up the feeder reservice,

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Speaker 1: saying we can't get it, we can't get enough inflation. Um.

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Speaker 1: And then they finally start getting limit inflations that oh,

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Speaker 1: it's temporary, it's temporary, it's it's transitory. Remember that. But

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Speaker 1: a year later, now that inflation is looking like a

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Speaker 1: more um, intracticable outcome of America's response right to the pandemic.

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Speaker 1: So now at the time it was like it's it's

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Speaker 1: it's not happening, it's not happening. And now it's gotten really,

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Speaker 1: really bad now, Like I said, it hasn't been without

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Speaker 1: a few bumps and bruises. Like I said, the pioneers

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Speaker 1: got to take the arrows in the back, and so

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Speaker 1: El Salvador has certainly done that. Um. There was you know,

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Speaker 1: technological glitches with rolling out their A T M s,

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Speaker 1: with rolling out their UM their wallets. Right, there's all

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Speaker 1: types of problems with that, as you might expect. Um.

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Speaker 1: I think people were a little bit too harsh on that. Um.

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Speaker 1: The United States arguably the leader of the world and

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Speaker 1: in tech. I mean, look what happened when Obama tried

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Speaker 1: to roll at the Obamacare website. They spent billions on

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Speaker 1: the on the on the website that all it does

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Speaker 1: is just match you up with an insurance provider, and

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Speaker 1: they couldn't even roll that out. The i r S

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Speaker 1: in the United States, the i r S has been

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Speaker 1: trying to revamp their software for decades. They consistently every

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Speaker 1: single year mess up everybody's tax turns, mail out the

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Speaker 1: wrong ones, etcetera. They've been trying to overhaul. They can't

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Speaker 1: even get that done. So, I mean, come on, cut

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Speaker 1: out of it or a little bit of slack. They

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Speaker 1: create a whole new financial system. They had a little

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Speaker 1: bit of a little technical glitches. That's okay. But what

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Speaker 1: we're starting to see is the silver lining. We're starting

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Speaker 1: to see actually some of the good stuff that it's done.

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Speaker 1: And I think other nations are going to stand up

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Speaker 1: and take notice of this. I want to talk about that.

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Speaker 1: I want to talk about also some places in the

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Speaker 1: United States and other countries that have already started to

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Speaker 1: take the same things. So don't go away. I gotta

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Speaker 1: I gotta come back in a second and tell you

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Speaker 1: that you're listening to the Marketma show. Of course, talking

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Speaker 1: about the decentralized revolution, the way the world is changing

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Speaker 1: through the lens of politics, finance, and technology, the technology

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Speaker 1: being bitcoin that we are talking about in El Salvador,

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Speaker 1: but it's also happening in the United States and other nations. Again,

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Speaker 1: the dollar prices a distraction. Look at this. I'll be

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Speaker 1: back to explain that and more in a minute. Don't

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Speaker 1: go away, I'll be right back. All right, welcome back.

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Speaker 1: You are listening to the Mark Mashue if you're just

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Speaker 1: tuning in. We talked about each and every week, the

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Speaker 1: decentralized revolution, the way the world changes from centralization to

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Speaker 1: decentralization through the lens of politics, finance, and technology, and

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Speaker 1: I guess we're talking about all three. As we was

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Speaker 1: trying to do, I try to find the convergence of

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Speaker 1: those three. And so we're talking about the politics of

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Speaker 1: a nation like El Savador getting off of their colonial money,

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Speaker 1: off of their US dollar and setting up their own

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Speaker 1: financial system. That's political, it's also financial. They're changing in

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Speaker 1: their financial system, and of course it's technology. It's off

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Speaker 1: of bitcoin, which is a technological revolution. Now, again, as

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Speaker 1: I've said, there's been plenty of naysayers and granted, there's

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Speaker 1: been plenty of ammunition for these nasairs because there's been

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Speaker 1: lots of bumps in the road, as you would expect.

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Speaker 1: As I said before the break, I mean, the Obamacare

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Speaker 1: Initiative tried to roll out a new website to help

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Speaker 1: you find an entrance provider. They couldn't even get that

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Speaker 1: done with billions of dollars. And the US is arguably

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Speaker 1: the leader in the world, especially when it comes to technology,

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Speaker 1: and so they did a whole new financial system. They

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Speaker 1: had a couple of bumps in the road. Uh great,

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Speaker 1: uh ammo for the haters. But there's things that we

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Speaker 1: want to look at. So what do we want to

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Speaker 1: look at? What are the good things? Well, we want

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Speaker 1: to look at a couple of things. One, bitcoin's ability

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Speaker 1: to send remittances from abroad. So what do I mean

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Speaker 1: by that? So, uh, if you're in the United States,

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Speaker 1: you don't get this unless you've traveled the world alive.

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Speaker 1: Most of the world has to send their family, their

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Speaker 1: loved ones somewhere else like America to earn money that

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Speaker 1: hopefully gets sent back to them. El Salvador is no

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Speaker 1: different than most other countries. About thirty percent of their

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Speaker 1: gross domestic product about thirty percent of all the money

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Speaker 1: that El Salvador received eaves comes from remittances, comes from

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Speaker 1: other people in other parts of the world, mostly the

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Speaker 1: United States, sending money back home. Now, how do they

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Speaker 1: do that, Well, you can do it through Western Union.

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Speaker 1: You can go to the bank, wait in line, pull

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Speaker 1: out cash. Driving your car, go to the bank, wait

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Speaker 1: in line, given um. Or go to the grocery store,

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Speaker 1: wait in line, give them the cash. Fill out the

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Speaker 1: form for Western Union UM lose you of your money. Then,

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Speaker 1: as bad as that is, that might take an hour

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Speaker 1: out of my time, it's even worse than El Salvador,

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Speaker 1: because now they live in some rural town. They gotta

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Speaker 1: get on a bus. They gotta drive on a bus

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Speaker 1: hours potentially to get to the city where they can

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Speaker 1: now claim that money. Now they got to write hours

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Speaker 1: back on a bus with cash and hopefully don't get robbed,

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Speaker 1: and they've had to lose you know, depends on the

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Speaker 1: dollar amount, but or more in fees. So they had

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Speaker 1: to waste an entire day, they have the risk of

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Speaker 1: getting robbed, and they've had to give up the money.

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Speaker 1: But with bitcoin, literally I don't have to go to

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Speaker 1: the bank, I don't have to go to go to

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Speaker 1: the store, I have to go to Western Union and

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Speaker 1: I can click a button and they can instantly have money,

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Speaker 1: and they can have it in their bedroom, in their

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Speaker 1: underwear in bed without having to get on a bus

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Speaker 1: and do any of that. Pretty good, right, And it

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Speaker 1: can be done for free, pretty much free, instead of

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Speaker 1: having to give up and so that has been a

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Speaker 1: big thing. As a matter of fact, it says in

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Speaker 1: May of this year UM almost two percent of remittances

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Speaker 1: to El Salvador, almost a hundred million dollars were sent

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Speaker 1: via bitcoin in the eight months following the Bitcoin long

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Speaker 1: So in the first eight months, almost almost a hundred

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Speaker 1: million dollars about two percent of remittances were sent via bitcoin.

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Speaker 1: Now I get it, Well, a hundred million does sound

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Speaker 1: like a lot of money. Two percent of the remittances

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Speaker 1: doesn't sound like a lot. I get it. It's small.

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Speaker 1: But you have to understand the way technology and adoption

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Speaker 1: curves work. There's something called an S curve. So anytime

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Speaker 1: there's a new technology, it takes time to be adopted. Um,

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Speaker 1: it took the telephone over eighty years to reach eight

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Speaker 1: percent adoption. Now, why would it take so long to

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Speaker 1: get a telephone. Telephones are easy. There's no risk in

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Speaker 1: using the telephone, microwaves, washing machines, TVs, color TVs, the Internet.

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Speaker 1: The Internet took decades to get to adoption, so to

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Speaker 1: get two adoption within the first eight months is pretty

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Speaker 1: dang fast. It's pretty dang fast. So it's happening now.

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Speaker 1: Like I said, if you understand adoption curves and human behavior,

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Speaker 1: you'll understand how important that is. Now, what about the

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Speaker 1: dollar impact. Well, I already explained to you the time, commitment,

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Speaker 1: to risk commitments, all that. But Salvadorians at home and

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Speaker 1: abroad reportedly spend about four hundred million per year just

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Speaker 1: on the fees for the remittances. So if you want

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Speaker 1: to send money back home, about four hundred million goes

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Speaker 1: to Western Union. Doesn't help out Salvador. Doesn't help the

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Speaker 1: people that need the money. They goes to Western Union. Now,

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Speaker 1: according to the World Bank, remittance fees to El Salvador

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Speaker 1: averaged about three percent in which is low in global terms.

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Speaker 1: I think that's um, I think that's very low. I

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Speaker 1: think that's a little bit lower than reality. Um. You

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Speaker 1: have to understand that most of these have like fixed fees.

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Speaker 1: So if you send ten bucks or twenty bucks, it's

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Speaker 1: a very high percentage. If you send a million bucks,

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Speaker 1: it's a very low percentage, so that that gets skewed.

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Speaker 1: But the average person is getting remittance fees down there

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Speaker 1: are typically getting little bits of money, a hundred bucks

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Speaker 1: at a time something like that. All right, But um

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Speaker 1: so if there's four hundred million being spent on remittances

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Speaker 1: on fees, even a small reduction in that is wanted, right,

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Speaker 1: And like I said, the bitcoin fees are basically free.

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Speaker 1: You can basically send bitcoin instant and near free using

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Speaker 1: the Lightning network. Now if you combine, uh, if you

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Speaker 1: even just half the price, let's say that you could

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Speaker 1: just cut the fees in half, which you can cut

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Speaker 1: them way more in half than that. Let's say you

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Speaker 1: just cut them in half. Um, you can see that

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Speaker 1: the Salvadoran saved a bit under four million dollars and

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Speaker 1: remittance fees by transitioning to bitcoin just in the first

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Speaker 1: eight months. So those people that got that money was

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Speaker 1: only two percent, wasn't a lot of them. Um, they

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Speaker 1: saved four million dollars. Now, if you've ever been to

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Speaker 1: El Salvador, it's one of the it's a very poor nation.

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Speaker 1: It's uh, well below the tile. I looked at it before.

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Speaker 1: I think it was like a hundred and fifty global

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Speaker 1: GDP is very very low. I've been there many times.

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Speaker 1: Uh you've you know, you still still see people getting

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Speaker 1: around on like oxen and carts down there. Um. I

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Speaker 1: love El Salvador, by the way. I've been there many times.

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Speaker 1: I've been there surfing, I've been down there working with

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Speaker 1: the people in regards to the bitcoin situation. Beautiful place.

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Speaker 1: I recommend you go there. It's just very poor. Um.

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Speaker 1: So for them to be able to save four million

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Speaker 1: dollars and all the time it took, um did not

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Speaker 1: have to ride the bus go to town all that,

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Speaker 1: that is a really big deal. So what I think

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Speaker 1: is that we'll see other nations start to recognize this.

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Speaker 1: Wait a minute, they just saved all this money on

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Speaker 1: Remen's fees. Now that money comes back to our country

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Speaker 1: and can be spent inside our borders. That sounds pretty good.

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Speaker 1: I think we'll want that, And so that is spreading.

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Speaker 1: As a matter of fact, now we're seeing um, other

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Speaker 1: cities inside the United States and in and and the

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Speaker 1: world now starting to adopt this. Now a lot of

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Speaker 1: people would go to bitcoin or cryptocurrency and say it's

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Speaker 1: never gonna be a money. Uh, it won't be a

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Speaker 1: money unless you can pay your taxes in it. We've

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Speaker 1: heard that one a lot um. Well, now you can.

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Speaker 1: Colorado residents can now use crypto to pay taxes. As

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Speaker 1: a matter of fact, coloradident residents can now pay state

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Speaker 1: taxes with cryptocurrencies according to the state's payment portal. Now,

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Speaker 1: they have been talking about this for a while, the

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Speaker 1: outline in February, and now it is live and in place,

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Speaker 1: which is a pretty big deal. So and other states

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Speaker 1: have done it. Florida and Ohio are testing this out.

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Speaker 1: And in South America, Argentina and Buenos Ares said that

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Speaker 1: they're going to allow crypto payment for taxes. So it's coming.

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Speaker 1: There's a mismatch in the market. The US dollar prices down,

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Speaker 1: but nations states are adopting it. States in the United

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Speaker 1: States are adopting it, and that mismatch will catch up

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Speaker 1: in a due time. Now you're listening to the marketma show,

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Speaker 1: we're talking about the decentralized revolution. This is coming. Whether

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Speaker 1: you like it or not, you better get ready for it.

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Speaker 1: I'm giving you the play by play as we look

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Speaker 1: at it through the lens of politics, finance, and technology.

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Speaker 1: Each and every week it's big the mismatches here. Eventually

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Speaker 1: this will catch up like that tweet that I read you,

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Speaker 1: which is right now. It's being traded like a Wall

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Speaker 1: Street trading toy, but two millions of people living under

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Speaker 1: authority turn regimes. It is a life draft. Anyway, you're

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Speaker 1: listening to the Market Moa show. I got a whole

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Speaker 1: lot more to cover when I get back, specifically about

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Speaker 1: the inflation and some things that were said this week

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Speaker 1: that makes us all extremists. I'll be back with more

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Speaker 1: in a minute. Don't go away, all right, welcome back.

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Speaker 1: You are listening to the Markma Show. We are talking

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Speaker 1: about the decentralized revolution, the way the world is changing

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Speaker 1: right before our eyes. And of course we look at

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Speaker 1: the signposts as I like to call them, and we

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Speaker 1: look at it through lends of politics, finance, and technology.

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Speaker 1: And I'm always looking for the intersection of those three

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Speaker 1: things that show us how the world is changing. Now

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Speaker 1: we talked, I talk a lot about all the time

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Speaker 1: how the world has changed. One system that we have

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Speaker 1: is dying, the centralized system, the centralized system of control

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Speaker 1: through politics, and centralized control system through money, the financial system.

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Speaker 1: It's all dying and we can see us dying all

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Speaker 1: around us. And we can really see it through inflation. Now,

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Speaker 1: even the Central Bank of the United States, the Federal Reserve,

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Speaker 1: was saying, we can't get inflation. We can't get inflation.

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Speaker 1: H Jerome Palace said, we're gonna let it run hot.

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Speaker 1: We're gonna let it. We're gonna overshoot our target and

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Speaker 1: then we'll um average it out. We'll just we'll just

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Speaker 1: average it out right um. And now then it went

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Speaker 1: to what we're getting inflation. But it's scary. We don't worry.

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Speaker 1: It's it's transitor. It's gonna go away to whole Shoot,

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Speaker 1: it's it's really bad, and we're in a bad situation.

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Speaker 1: Of course, here we are a year later, and it

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Speaker 1: is really really bad. Um. And it's showing that the

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Speaker 1: system that we have, the financial system that we have today,

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Speaker 1: run by the political system that we have today, is

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Speaker 1: on its way out. They are at the proverbial rock

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Speaker 1: in a hard place. There is nowhere left for them

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Speaker 1: to go. If they don't continue to inflate the monetary system,

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Speaker 1: the whole system falls apart. But if they do contend

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Speaker 1: to inflate the monetary system, then inflation continues to rage on.

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Speaker 1: They're stuck in what is called this proverbial rock on

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Speaker 1: a hard place. Now, this week, the President of the

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Speaker 1: United States, Joe Biden, was sat down with sixty Minutes

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Speaker 1: to talk about this very situation. And I want to

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Speaker 1: play a clip of what he says. Mr President. Actually, no,

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Speaker 1: last Tuesday, the annual inflation and rate came in at

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Speaker 1: eight point three. The stock market nose dive. People are

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Speaker 1: shocked by their grocery bills. What can you do better

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Speaker 1: and faster? Well, first of all, let's put this in perspective.

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Speaker 1: Inflation rate month month was just just an inch. So um,

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Speaker 1: I mean to have somebody and mainstream media have to

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Speaker 1: question President Biden about this. Kind of shows how much

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Speaker 1: as his impacting people. He said that people are shocked,

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Speaker 1: they're having trouble paying their bills. What what can you

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Speaker 1: say about that? And President Biden wants to take this

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Speaker 1: and put into perspective, which I always like to do.

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Speaker 1: You always understand, whenever I talk about one thing, I

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Speaker 1: always want to show you the perspective of it. So

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Speaker 1: he says, let's let's understand this from the right perspective.

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Speaker 1: First of all, First of all, inflation is only up

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Speaker 1: an inch. Now, an inch is not a measurement for inflation,

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Speaker 1: so we don't really know what that means. Of course,

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Speaker 1: I'm guessing President Biden doesn't know what that means either,

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Speaker 1: but only up an inch, he says, that's the perspective.

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Speaker 1: But let's hear the rest of what he has to

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Speaker 1: say here, let's go in hardly at all. You're not

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Speaker 1: arguing that eight point three is good news. No, I'm

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Speaker 1: not saying this good news. But it was eight point

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Speaker 1: two or eight point two before. I mean, it's not

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Speaker 1: you so uh. He's not trying to say eight point

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Speaker 1: three was good, but it was eight point two or

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Speaker 1: eight point two or eight to improve to eight point

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Speaker 1: two before. Here, I am stumbling, just like the president.

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Speaker 1: Um so uh No, it was actually nine point one

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Speaker 1: and then eight point five and now at eight point three.

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Speaker 1: So uh. Anyway, he doesn't really understand. But let's get

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Speaker 1: let's let's let's dig into the rest to hear what

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Speaker 1: he really has to say about this. For the perspective shift.

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Speaker 1: Maybe I can make it sound like all of a sudden,

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Speaker 1: my god, it went to eight point two. It's the

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Speaker 1: highest inflation, right, Mr President in forty years. I got that.

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Speaker 1: But guess what we are. We're in a position where

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Speaker 1: for the last several months it hasn't spiked, and it's

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Speaker 1: just barely it's been basically even. So that is the perspective.

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Speaker 1: It's up to an astronomical level that people can't afford.

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Speaker 1: People can't afford food anymore, as the sixty minute host said,

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Speaker 1: like they're shocked at the grocery store. But let's put

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Speaker 1: it into perspective. We're at a point where it's just

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Speaker 1: barely going up anymore. This barely that's okay. No, it's

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Speaker 1: not okay. People can't afford the prices right now. They're

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Speaker 1: not talking about bringing prices back down. He's saying that

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Speaker 1: the rate of increase has slowed down. He's not saying

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Speaker 1: anything about, oh, we understand the problems. Oh we're doing

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Speaker 1: things to bring it down. Um. He's like, no, no,

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Speaker 1: it's uh, you know, it's just we're getting to the

426
00:22:38,560 --> 00:22:41,160
Speaker 1: point where we're just kind of accepting it, right, We're

427
00:22:41,160 --> 00:22:44,000
Speaker 1: just we're just gonna accept it. I guess that's that's

428
00:22:44,000 --> 00:22:46,479
Speaker 1: the good news. That's just going up. The one thing

429
00:22:46,520 --> 00:22:48,760
Speaker 1: that you have to keep in mind too, is that

430
00:22:49,200 --> 00:22:53,520
Speaker 1: this time last year, inflation was a big problem. I

431
00:22:53,560 --> 00:22:55,760
Speaker 1: don't have it up in front of me. I'm guessing, Uh,

432
00:22:55,840 --> 00:22:58,960
Speaker 1: this time last year it was about five or six percent,

433
00:22:59,119 --> 00:23:02,040
Speaker 1: which was in saying because we had no inflation for years.

434
00:23:03,560 --> 00:23:05,600
Speaker 1: So the reason why I bring that up is if

435
00:23:05,640 --> 00:23:08,280
Speaker 1: we were at five or six percent last year, which

436
00:23:08,359 --> 00:23:11,359
Speaker 1: was shocking. It was actually I think I have the

437
00:23:11,480 --> 00:23:13,560
Speaker 1: number right here. I can dig it up real quick.

438
00:23:14,280 --> 00:23:16,040
Speaker 1: I like to always give you the what I like.

439
00:23:16,080 --> 00:23:17,879
Speaker 1: I said, I called the receipts, So here we go.

440
00:23:18,080 --> 00:23:22,800
Speaker 1: All right, Um, so for August of last year, so

441
00:23:22,800 --> 00:23:24,240
Speaker 1: that's what we have. The numbers for August, and I

442
00:23:24,359 --> 00:23:27,280
Speaker 1: was talking about August of last year was five point

443
00:23:27,560 --> 00:23:31,480
Speaker 1: three percent, which was at the time, was a massive number.

444
00:23:31,520 --> 00:23:33,840
Speaker 1: That's when they're saying, don't worry, don't worry, it's gonna

445
00:23:33,840 --> 00:23:36,920
Speaker 1: go back down. Don't worry. It's transitory. Remember that word transitory.

446
00:23:36,960 --> 00:23:39,760
Speaker 1: So that was already massive. Now we're a little bit jaded,

447
00:23:39,880 --> 00:23:42,680
Speaker 1: or we were desensitized, I should say, because now we're

448
00:23:42,680 --> 00:23:44,680
Speaker 1: at you know, nine point ones, and now five point

449
00:23:44,720 --> 00:23:47,399
Speaker 1: three sounds easy, but at that time it was insane

450
00:23:47,800 --> 00:23:50,040
Speaker 1: and people were freaking out. And the reason why I

451
00:23:50,160 --> 00:23:54,359
Speaker 1: tell you that is because, um, this is a this

452
00:23:54,440 --> 00:23:57,080
Speaker 1: is a reading year over year, So what does that mean.

453
00:23:57,600 --> 00:24:01,560
Speaker 1: That means that from August of only twenty to August

454
00:24:01,600 --> 00:24:06,919
Speaker 1: of one, inflation went up by five point so we

455
00:24:06,960 --> 00:24:11,160
Speaker 1: went from you know, uh, we went from a ten

456
00:24:11,200 --> 00:24:14,240
Speaker 1: dollar steak to a twelve dollar steak or thirteen dollar steak.

457
00:24:14,800 --> 00:24:18,920
Speaker 1: Now the now, this is again a year over your

458
00:24:18,960 --> 00:24:21,640
Speaker 1: increase on top of the five point three. So this

459
00:24:21,720 --> 00:24:26,520
Speaker 1: is compounding. So if it went from August August five

460
00:24:26,560 --> 00:24:30,679
Speaker 1: point three, then to go from August to August is

461
00:24:30,720 --> 00:24:34,240
Speaker 1: another eight point three on top of the five point three,

462
00:24:35,320 --> 00:24:39,080
Speaker 1: So this is adding. This is cumulative, and Biden doesn't

463
00:24:39,119 --> 00:24:42,120
Speaker 1: seem to care about that. He seems to be out

464
00:24:42,160 --> 00:24:46,320
Speaker 1: out to sleep on that, which is probably why, um,

465
00:24:46,400 --> 00:24:52,119
Speaker 1: he has such a poor approval rating. Now I have

466
00:24:53,280 --> 00:24:55,639
Speaker 1: people are obviously unhappy when they can't fill up their

467
00:24:55,640 --> 00:24:59,240
Speaker 1: gas tanks. They can't they can't afford to power their homes.

468
00:24:59,280 --> 00:25:01,560
Speaker 1: We're starting to see that nowhere where the price of

469
00:25:01,560 --> 00:25:04,320
Speaker 1: electricity is getting so high that people can't afford it. Uh.

470
00:25:04,359 --> 00:25:06,920
Speaker 1: People are obviously unhappy when they can't get the same

471
00:25:07,000 --> 00:25:09,040
Speaker 1: quality of food that they've been used to getting and

472
00:25:09,080 --> 00:25:12,320
Speaker 1: all of those things. And that's just you know, people

473
00:25:12,320 --> 00:25:14,600
Speaker 1: are mostly concerned about themselves. Obviously, we can talk about

474
00:25:14,640 --> 00:25:17,119
Speaker 1: the rest Ukraine situation, we can talk about the Taiwan situation,

475
00:25:17,160 --> 00:25:19,760
Speaker 1: we can talk about all these things, but just on

476
00:25:19,800 --> 00:25:25,120
Speaker 1: the monetary situation alone, we have a problem. And it's

477
00:25:25,119 --> 00:25:28,920
Speaker 1: pretty interesting because I have this other clip we've seen,

478
00:25:29,400 --> 00:25:31,880
Speaker 1: um Biden coming out and trying to what I would

479
00:25:31,880 --> 00:25:35,040
Speaker 1: what I would say, deflect, right, So they're deflecting. So

480
00:25:35,080 --> 00:25:38,159
Speaker 1: instead of saying, hey, we get it, this inflation is

481
00:25:38,160 --> 00:25:40,920
Speaker 1: a problem. Uh, we're gonna do something to fix it.

482
00:25:40,920 --> 00:25:43,000
Speaker 1: Instead they say, hey, but look over there, look at

483
00:25:43,040 --> 00:25:44,960
Speaker 1: all these problems. This is our real problem. Over here,

484
00:25:45,760 --> 00:25:48,320
Speaker 1: Like a couple of weeks ago, Biden gave the speech

485
00:25:48,359 --> 00:25:51,200
Speaker 1: with the ominous red background. I'm sure you've seen that

486
00:25:51,240 --> 00:25:53,800
Speaker 1: by now, with the two Marines sitting there, and he said,

487
00:25:53,800 --> 00:25:57,879
Speaker 1: the real problem we have is the is the Republicans.

488
00:25:58,200 --> 00:26:02,119
Speaker 1: The Republicans are extreme US and they're the biggest threat

489
00:26:02,200 --> 00:26:07,160
Speaker 1: to our democracy right now now. On the last election,

490
00:26:07,880 --> 00:26:12,600
Speaker 1: Um again, the last election between Trump and Biden, Uh,

491
00:26:12,960 --> 00:26:17,000
Speaker 1: Trump beat all records for voter turnout. Now to put

492
00:26:17,000 --> 00:26:21,200
Speaker 1: this into perspective like Biden tried to do. When Obama

493
00:26:21,280 --> 00:26:25,280
Speaker 1: ran for president, Obama broke every voting record. He had

494
00:26:25,320 --> 00:26:26,920
Speaker 1: more people turned out to vote for him than any

495
00:26:26,920 --> 00:26:31,320
Speaker 1: president history. When Trump, when Trump ran, he broke that record.

496
00:26:31,400 --> 00:26:33,440
Speaker 1: He had more people turn out and vote for him

497
00:26:33,520 --> 00:26:37,399
Speaker 1: than any president history. When Trump ran again to compete

498
00:26:37,400 --> 00:26:41,240
Speaker 1: against Biden, he broke the record again and got even

499
00:26:41,480 --> 00:26:46,120
Speaker 1: more people to vote than any president history. Now, somehow

500
00:26:46,160 --> 00:26:51,119
Speaker 1: Biden beat him barely, And let's just I'm not gonna

501
00:26:51,320 --> 00:26:53,760
Speaker 1: get into whether that's accurate or not, but let's just

502
00:26:53,760 --> 00:26:56,040
Speaker 1: say that it is. We know that at least half

503
00:26:56,119 --> 00:27:01,080
Speaker 1: the people wanted that. But today or extremists, I want

504
00:27:01,080 --> 00:27:03,280
Speaker 1: to dig into that and show you how this ties

505
00:27:03,359 --> 00:27:06,320
Speaker 1: back in the financial system and signals the end of

506
00:27:06,359 --> 00:27:09,440
Speaker 1: the centralization coming to an end. Um you're listening to

507
00:27:09,440 --> 00:27:11,320
Speaker 1: the Mark Moa Show. If you're just tuning in, we're

508
00:27:11,320 --> 00:27:13,520
Speaker 1: talking about the way the world or the pendulum is

509
00:27:13,520 --> 00:27:17,760
Speaker 1: swinging back from centralization, peak centralization back to decentralization. We

510
00:27:17,760 --> 00:27:20,399
Speaker 1: look at through the lens of politics, finance, and technology,

511
00:27:20,440 --> 00:27:23,680
Speaker 1: really the convergence of those three. I got a whole

512
00:27:23,680 --> 00:27:26,520
Speaker 1: lot to cover when I get back um, a couple

513
00:27:26,520 --> 00:27:29,560
Speaker 1: of things that you do not want to miss really

514
00:27:29,600 --> 00:27:31,240
Speaker 1: signals the end. I'll be back with moren a minute.

515
00:27:31,280 --> 00:27:33,800
Speaker 1: Don't go away, all right, welcome back. You are listening

516
00:27:33,800 --> 00:27:36,280
Speaker 1: to the Mark Moa Show. We're talking about the decentralized

517
00:27:36,320 --> 00:27:39,240
Speaker 1: revolution each and every week, the way the world is

518
00:27:39,280 --> 00:27:42,520
Speaker 1: changing through politics, finance, and technology. I was talking about

519
00:27:42,520 --> 00:27:47,240
Speaker 1: before the break, we've been talking about how, um, how

520
00:27:47,280 --> 00:27:51,200
Speaker 1: inflation is just ripping things apart, and all of these

521
00:27:51,200 --> 00:27:54,240
Speaker 1: things just signal the end is coming. There's not a

522
00:27:54,240 --> 00:27:56,800
Speaker 1: lot that we can do about inflation. Um. Like I said,

523
00:27:56,800 --> 00:27:59,520
Speaker 1: the central banks are at their end of what they

524
00:27:59,560 --> 00:28:02,480
Speaker 1: can do. If they stop printing, the system collapses. If

525
00:28:02,520 --> 00:28:06,000
Speaker 1: they continue to print, then inflation rages on. And so

526
00:28:06,040 --> 00:28:08,400
Speaker 1: they're stuck between this probably rock and hard place, which

527
00:28:08,440 --> 00:28:11,000
Speaker 1: is why you have Biden going on sixty minutes and

528
00:28:11,080 --> 00:28:14,440
Speaker 1: saying but but but it's barely going up anymore. It's

529
00:28:14,480 --> 00:28:17,440
Speaker 1: just it's just slow. Uh No, it's not. As a

530
00:28:17,440 --> 00:28:20,199
Speaker 1: matter of fact, like I said, it's compounding. But like

531
00:28:20,240 --> 00:28:23,560
Speaker 1: I said, this goes on to show why two things.

532
00:28:23,760 --> 00:28:27,360
Speaker 1: One the approval rating is so low, but to why

533
00:28:27,400 --> 00:28:30,159
Speaker 1: they need to control the narrative so hard. And so

534
00:28:30,200 --> 00:28:34,440
Speaker 1: what we're seeing is as this pendulum reaches maxes out

535
00:28:34,480 --> 00:28:38,280
Speaker 1: at centralization, the u N, the I m F, the

536
00:28:38,320 --> 00:28:42,720
Speaker 1: World Economic Form, the World Health Organization, the European Union,

537
00:28:42,800 --> 00:28:46,200
Speaker 1: the e c B, et cetera. What's happening though, is

538
00:28:46,240 --> 00:28:49,160
Speaker 1: they need to control the narrative. They need to control

539
00:28:49,200 --> 00:28:51,240
Speaker 1: the people. And the more that people are starting to

540
00:28:51,240 --> 00:28:53,000
Speaker 1: wake up and starting to realize this and started to

541
00:28:53,080 --> 00:28:58,160
Speaker 1: share their uh, their discomfort or their distaste, that really

542
00:28:58,200 --> 00:29:01,440
Speaker 1: affects their ability to energy situation, or I should say,

543
00:29:01,520 --> 00:29:04,920
Speaker 1: control the situation. And so what we're seeing over and

544
00:29:04,960 --> 00:29:07,720
Speaker 1: over and over is you don't like how much your

545
00:29:07,720 --> 00:29:10,600
Speaker 1: food or your gas or whatever has gone up, then

546
00:29:10,800 --> 00:29:13,480
Speaker 1: you're a problem. Oh, you don't like the policies that

547
00:29:13,480 --> 00:29:15,040
Speaker 1: I'm put into place. You don't like the fact that

548
00:29:15,040 --> 00:29:17,600
Speaker 1: I've shut down all the energy and now your energy

549
00:29:17,640 --> 00:29:19,960
Speaker 1: bills are more expensive. You're part of the problem. You're

550
00:29:20,000 --> 00:29:22,120
Speaker 1: an extremist. If you don't like what I have to say,

551
00:29:22,360 --> 00:29:26,080
Speaker 1: you're against the democracy. You're a threat to democracy. First

552
00:29:26,120 --> 00:29:30,720
Speaker 1: of all, democracy means the will of the people. It's

553
00:29:30,720 --> 00:29:33,480
Speaker 1: what the people want, and so you should listen to

554
00:29:33,520 --> 00:29:35,200
Speaker 1: all the people. And then it's a majority rule. Now,

555
00:29:35,240 --> 00:29:38,920
Speaker 1: I'm not a fan of democracy because it's a majority rule,

556
00:29:38,960 --> 00:29:42,040
Speaker 1: and really what it is is the minority, the tyranny

557
00:29:42,080 --> 00:29:45,600
Speaker 1: of the minority for by the majority. So if ten

558
00:29:45,640 --> 00:29:48,320
Speaker 1: of us all got together and six or seven of

559
00:29:48,400 --> 00:29:51,720
Speaker 1: us agreed that you should just give us all your money,

560
00:29:51,920 --> 00:29:55,000
Speaker 1: that's democracy. But if if there's two or three people

561
00:29:55,000 --> 00:29:56,320
Speaker 1: out of the ten that don't want to give up

562
00:29:56,360 --> 00:29:59,680
Speaker 1: their money, they're a threat to the democracy. You see

563
00:29:59,680 --> 00:30:03,080
Speaker 1: how that works. Now, the United States is not democracy.

564
00:30:03,200 --> 00:30:05,760
Speaker 1: Remember if you said the pledge of leadings growing up

565
00:30:06,360 --> 00:30:09,840
Speaker 1: and to the republic for which it stands, or a

566
00:30:09,920 --> 00:30:12,280
Speaker 1: representative government. But they keep saying it as a threat

567
00:30:12,320 --> 00:30:14,960
Speaker 1: to our democracy. Like I was saying, Biden gave this

568
00:30:15,040 --> 00:30:17,600
Speaker 1: speech with the ominous red background of the Marines back

569
00:30:17,600 --> 00:30:20,960
Speaker 1: there and saying the maga Republicans are the threat to

570
00:30:21,080 --> 00:30:26,880
Speaker 1: the democracy. They're a threat their extremists, extremists. Now, as

571
00:30:26,920 --> 00:30:30,440
Speaker 1: I was saying, before the break, we saw more. We

572
00:30:30,520 --> 00:30:35,760
Speaker 1: saw all voting turnout records broken by Trump in this

573
00:30:35,840 --> 00:30:38,800
Speaker 1: last election. Now Biden edged him out some um. And

574
00:30:38,840 --> 00:30:40,479
Speaker 1: even if you believe that to be true, then at

575
00:30:40,560 --> 00:30:44,640
Speaker 1: least says about half and half half the country wants

576
00:30:44,680 --> 00:30:48,320
Speaker 1: to go with um the Republican viewpoints. I don't even

577
00:30:48,320 --> 00:30:52,440
Speaker 1: want to say Trump, UM, I'll just come out and

578
00:30:52,440 --> 00:30:55,600
Speaker 1: say it right here. Uh. I probably would hope that

579
00:30:55,600 --> 00:30:58,480
Speaker 1: Trump doesn't run again. I think he's probably more of

580
00:30:58,480 --> 00:31:01,320
Speaker 1: a distraction than anybody. I do think he wants what's

581
00:31:01,360 --> 00:31:03,600
Speaker 1: best for the country, but I hope that he doesn't.

582
00:31:03,720 --> 00:31:05,920
Speaker 1: Hope that he sits this one out. But that being said,

583
00:31:06,480 --> 00:31:09,200
Speaker 1: about half the country wants that. But he's saying, you're

584
00:31:09,240 --> 00:31:11,200
Speaker 1: an extremist. If you don't want what they want, you're

585
00:31:11,200 --> 00:31:13,120
Speaker 1: an extremist. And it's not just the President of States.

586
00:31:13,320 --> 00:31:14,880
Speaker 1: Let me let me play you this clip I have

587
00:31:14,960 --> 00:31:18,320
Speaker 1: queued up. This is the White House Press secretary, and

588
00:31:18,440 --> 00:31:23,280
Speaker 1: let's hear when she was asked, what is an extremist? Again,

589
00:31:23,600 --> 00:31:27,200
Speaker 1: we see a majority of Americans who disagree, and so

590
00:31:27,520 --> 00:31:31,360
Speaker 1: when you are not with where majority of Americans are,

591
00:31:32,160 --> 00:31:35,640
Speaker 1: then you know that is extreme. That is an extreme

592
00:31:35,680 --> 00:31:40,239
Speaker 1: way of thinking. So if you're not where the majority is,

593
00:31:40,720 --> 00:31:46,760
Speaker 1: you're extreme. So what's what's the majority? Fifteent? So a

594
00:31:46,880 --> 00:31:50,880
Speaker 1: forty nine of the people want something different that's extreme?

595
00:31:51,360 --> 00:31:54,040
Speaker 1: Is that the case that she's making? Oh, Mark, you're

596
00:31:54,080 --> 00:31:56,720
Speaker 1: being crazy? Okay, is it sixty forty? I mean that

597
00:31:56,840 --> 00:31:58,960
Speaker 1: was her words. The White House Press Secretary Korean Jean

598
00:31:59,040 --> 00:32:02,800
Speaker 1: brier Uh. He says, if you're not with the majority,

599
00:32:03,360 --> 00:32:06,600
Speaker 1: you're an extremist. Now, all progress in life comes from

600
00:32:06,640 --> 00:32:11,680
Speaker 1: not being with the majority. Every single scientist, every single

601
00:32:11,720 --> 00:32:15,880
Speaker 1: person in the world said man would never fly. But

602
00:32:15,920 --> 00:32:19,440
Speaker 1: the right brothers, we're out of that consensus. They said, no,

603
00:32:19,520 --> 00:32:22,440
Speaker 1: we think that man could fly, and they went out

604
00:32:22,440 --> 00:32:25,720
Speaker 1: and proved that right. We can look at it with gravity,

605
00:32:25,840 --> 00:32:29,440
Speaker 1: we can look at it with penicillin. All of these inventions,

606
00:32:29,480 --> 00:32:33,840
Speaker 1: all of these breakthroughs came because somebody dared go against

607
00:32:33,840 --> 00:32:37,560
Speaker 1: what the consensus was. For all of history, no one

608
00:32:37,680 --> 00:32:40,800
Speaker 1: had ever been able to run a mile in less

609
00:32:40,800 --> 00:32:44,040
Speaker 1: than four minutes. There was against the consensus. It's not done.

610
00:32:44,200 --> 00:32:45,920
Speaker 1: People thought it was just impossible for a human to

611
00:32:46,000 --> 00:32:49,480
Speaker 1: run that fast. Then one day someone believed he could,

612
00:32:49,480 --> 00:32:52,560
Speaker 1: and he did and within that time I don't have

613
00:32:52,640 --> 00:32:55,040
Speaker 1: it in front of me, but within within a few

614
00:32:55,040 --> 00:32:57,560
Speaker 1: short years, like multiple people were breaking it. And now

615
00:32:57,600 --> 00:33:00,480
Speaker 1: today the four minute miles just considered normal. So all

616
00:33:00,520 --> 00:33:03,960
Speaker 1: progress comes from believing you can do something that most

617
00:33:04,000 --> 00:33:06,800
Speaker 1: people think you can't. That's going against the consensus, but

618
00:33:06,880 --> 00:33:10,480
Speaker 1: that is an extremist. Now, I would like to say

619
00:33:10,560 --> 00:33:15,120
Speaker 1: that if that's the case, well, per this new poll,

620
00:33:15,600 --> 00:33:21,840
Speaker 1: Joe Biden's approval is thirty nine percent of Americans approve

621
00:33:21,880 --> 00:33:25,400
Speaker 1: of President Joe Biden. So does that mean he's the extremist?

622
00:33:25,640 --> 00:33:28,719
Speaker 1: Does that mean that the Biden administration, anybody that supports

623
00:33:28,760 --> 00:33:31,080
Speaker 1: Joe Biden, including the White House Press Secretary, are they

624
00:33:31,200 --> 00:33:35,760
Speaker 1: now extreme because that's not what the majority wants. Thirty

625
00:33:35,800 --> 00:33:40,400
Speaker 1: only thirty nine percent to prove. If proved, that means

626
00:33:40,560 --> 00:33:45,360
Speaker 1: sixty one don't approve he's the extremist. You see how

627
00:33:45,400 --> 00:33:48,840
Speaker 1: crazy that is. Now it's not just the United States.

628
00:33:49,080 --> 00:33:53,160
Speaker 1: We're witnessing the end of sensualization. No in in uh,

629
00:33:53,200 --> 00:33:55,920
Speaker 1: in Iran right now, they've been marching in the streets.

630
00:33:55,920 --> 00:33:58,840
Speaker 1: They're streaming death to the dictator, Death to dictator. Why

631
00:33:58,920 --> 00:34:01,560
Speaker 1: because they I think they killed some woman you know

632
00:34:01,600 --> 00:34:05,000
Speaker 1: over she wouldn't wear her head dressing um. All over

633
00:34:05,040 --> 00:34:09,680
Speaker 1: the world, we're seeing this. In Canada, we're seeing this. Uh.

634
00:34:10,000 --> 00:34:13,920
Speaker 1: What's been trending on Twitter is a hashtag that says

635
00:34:14,040 --> 00:34:18,560
Speaker 1: Trudeau must go. So lots of people in Canada are

636
00:34:18,600 --> 00:34:21,759
Speaker 1: not happy with President Trudeau, he is trying to be

637
00:34:22,120 --> 00:34:23,799
Speaker 1: I mean, I played a clip for you before he

638
00:34:24,239 --> 00:34:29,359
Speaker 1: basically praised China for being communist. He wished he could

639
00:34:29,440 --> 00:34:33,120
Speaker 1: run Canada like the Chinese Communist Party does. He said

640
00:34:33,120 --> 00:34:36,520
Speaker 1: that he's shown that through what he's done with the

641
00:34:36,560 --> 00:34:40,080
Speaker 1: pandemic response, what he did with the truckers and so forth.

642
00:34:40,280 --> 00:34:41,880
Speaker 1: So there's lots of people that don't like him, and

643
00:34:41,920 --> 00:34:45,479
Speaker 1: so there's viral trends sweeping over Canada. Like I said,

644
00:34:45,520 --> 00:34:48,760
Speaker 1: all across um Twitter, where people are using the hashtag

645
00:34:48,760 --> 00:34:53,640
Speaker 1: Trudeau must go. Lots of Canadians that I know personally

646
00:34:53,800 --> 00:34:59,640
Speaker 1: are using that. But Trudeau he thinks that those people

647
00:34:59,800 --> 00:35:03,680
Speaker 1: are are extremists. Anyone who would post that, he says

648
00:35:04,120 --> 00:35:08,880
Speaker 1: our quote extremists. Now, the hashtag became popular in um

649
00:35:08,920 --> 00:35:11,560
Speaker 1: in the Canadian media, and Twitter's head of Sight and

650
00:35:11,640 --> 00:35:17,480
Speaker 1: Integrity reported there was no evidence of substantial bought activity.

651
00:35:17,520 --> 00:35:20,320
Speaker 1: But Trudeau has come out and said that it must

652
00:35:20,320 --> 00:35:25,400
Speaker 1: be Russian bots, it must be Russian interference that's doing that.

653
00:35:27,320 --> 00:35:30,040
Speaker 1: But that's not the case. The post tend to incorporate

654
00:35:30,080 --> 00:35:33,560
Speaker 1: anything that says, according to to Trudeau, I'm an extremist.

655
00:35:33,560 --> 00:35:35,880
Speaker 1: So now because of this Now people are coming out

656
00:35:35,920 --> 00:35:39,719
Speaker 1: and actually putting their pictures, putting videos on there saying, look,

657
00:35:40,360 --> 00:35:43,800
Speaker 1: Trudeau says I'm an extremist. Trudeau says I'm not. And

658
00:35:43,840 --> 00:35:46,960
Speaker 1: they're coming out and saying that over and over and over.

659
00:35:47,200 --> 00:35:51,640
Speaker 1: But basically what they're saying is anybody who doesn't go

660
00:35:51,719 --> 00:35:56,600
Speaker 1: along with what we want is an extremist. And this

661
00:35:56,680 --> 00:35:58,879
Speaker 1: is a very scary thing. Now. I talk about this

662
00:35:59,360 --> 00:36:04,200
Speaker 1: because this is the sign of our centralized system dying

663
00:36:06,719 --> 00:36:10,560
Speaker 1: and the birth of a new decentralized system being born.

664
00:36:10,840 --> 00:36:12,439
Speaker 1: And we wouldn't have seen it right before our eyes.

665
00:36:12,480 --> 00:36:15,640
Speaker 1: And what happens is the more the state loses control

666
00:36:15,680 --> 00:36:18,319
Speaker 1: the nation state, the more they try to squeeze, the

667
00:36:18,400 --> 00:36:20,959
Speaker 1: more they try to squeeze, the more people push back,

668
00:36:21,000 --> 00:36:23,440
Speaker 1: the more people push back, the more they try to squeeze.

669
00:36:23,520 --> 00:36:27,680
Speaker 1: Each force has an equal and opposite reaction and only

670
00:36:27,719 --> 00:36:30,279
Speaker 1: forces them to ratchet it up. And the more they

671
00:36:30,360 --> 00:36:34,000
Speaker 1: ratchet it up, the more they'll actually lose in their grip.

672
00:36:34,560 --> 00:36:36,520
Speaker 1: That's the way it goes. It's the way we've seen

673
00:36:36,560 --> 00:36:41,600
Speaker 1: it throughout history. Every authoritarian regime ends up getting more

674
00:36:41,640 --> 00:36:43,960
Speaker 1: and more restrictive, more and more harsh to the people.

675
00:36:44,000 --> 00:36:45,880
Speaker 1: Pushed back. They can't deal with anymore, they can't live

676
00:36:45,920 --> 00:36:49,920
Speaker 1: with anymore. They set up parallel structures, parallel societies. The

677
00:36:49,960 --> 00:36:52,879
Speaker 1: system collapses and we start over again. That's exactly what's

678
00:36:52,880 --> 00:36:55,080
Speaker 1: happening over That makes sense. You're listening to the Markma

679
00:36:55,160 --> 00:36:57,759
Speaker 1: Show talking about the decentralized revolution, giving you the play

680
00:36:57,800 --> 00:37:00,239
Speaker 1: by play. That's what I got free today. Thanks so

681
00:37:00,320 --> 00:37:01,520
Speaker 1: much for listening. Until next time,