Speaker 1: Hello, and welcome back. You are listening to another episode
Speaker 1: of the Mark Mos Show, where we talk about the
Speaker 1: decentralized revolution each and every week, and of course talking
Speaker 1: about through the lens of politics, finance, and technology. The
Speaker 1: technology being the decentralized technology of bitcoin and we see
Speaker 1: how that changes the world. Now, I try to bring
Speaker 1: to you some education so you can kind of understand
Speaker 1: things a little bit differently than what they're being presented.
Speaker 1: Some of the latest breaking news, y're up to date,
Speaker 1: and that is exactly what I want to dig into
Speaker 1: today each and every week. I mean, things are just
Speaker 1: happening so fast, so you've gotta stay on top of this.
Speaker 1: And this week we saw an anniversary, a big anniversary,
Speaker 1: one that I was super excited to see. I'm talking
Speaker 1: about the one year anniversary of El Salvador adopting bitcoin
Speaker 1: as a reserve currency. Now a lot of people listen
Speaker 1: to this might go, yeah, but mark bitcoins down. You know,
Speaker 1: from it's all time high. It's a horrible store of
Speaker 1: value or medium exchange. And look how farst down on etcetera.
Speaker 1: You are looking at bitcoin purely for its US d
Speaker 1: U S dollar valuation um as opposed to an alternative
Speaker 1: payment system that it really is. You're also trying to
Speaker 1: look at a new technology by looking at the wrong things.
Speaker 1: As I've said many many times, the way that you
Speaker 1: look at a new technology is not the US dollar valuation.
Speaker 1: You look at it through the growth of the network
Speaker 1: and the development that's happening on the network. So like
Speaker 1: with Uber, for example, people invested into it um You
Speaker 1: know in Silicon Valley a decade ago, it was not
Speaker 1: publicly traded. Nobody knew what the price of um Uber
Speaker 1: was for the first decade. And imagine if you did.
Speaker 1: Every time they got a new city or got a
Speaker 1: protest from a city, the price would go up and down. Instead,
Speaker 1: you looked at the growth. Are they adding more drivers,
Speaker 1: are they getting more riders, are they getting more app downloads?
Speaker 1: And look at the development on the on the network,
Speaker 1: like now they have Uber Eat they deliver food and
Speaker 1: things like that. And so you want to look at
Speaker 1: it not just the newest dollar terms. And so looking
Speaker 1: at bitcoin being adoption by a nation state is a
Speaker 1: big development on the network. Maybe the US dollar value
Speaker 1: doesn't represent that today, but we stuff to look at that.
Speaker 1: And I want to show you a couple of things
Speaker 1: that showed just that. Now, as somebody who's looking to
Speaker 1: get ahead in life, somebody who wants to invest, who
Speaker 1: wants who wants to uh work in the right direction.
Speaker 1: What I'm always looking for is I'm looking for mismatches,
Speaker 1: a mismatch in the difference between perception and reality. Now,
Speaker 1: those mismatches are our opportunity. Right, So the you know,
Speaker 1: the markets are pretty efficient. So you know, we talked
Speaker 1: about the stock markets. You know, are they pricing in
Speaker 1: um you know more rate increases? Are they pricing in
Speaker 1: these bad things? Because the markets are always trying to
Speaker 1: figure this out. What we're looking for the opportunity is,
Speaker 1: why would the market think this thing is actually worth
Speaker 1: way different, way less, or way more than I think
Speaker 1: it is. So UM Tesla stock, for example, there's no
Speaker 1: reason why Tesla stocks should be worth this much. They're
Speaker 1: worth more than every other car company in the world.
Speaker 1: Look at the problem. Has the markets value in this
Speaker 1: but I think the markets really less. That's my opportunity
Speaker 1: to short it. For an example, I'm not saying that's
Speaker 1: the case UM, or we'd look at something opposite. UM.
Speaker 1: Look at you know, real estate markets getting hammered, the
Speaker 1: home building stocks are getting completely hammered as well. But
Speaker 1: I think these homeowner stocks are actually worth way more.
Speaker 1: I think the markets discounting them and they shouldn't be,
Speaker 1: So I'm gonna buy homebuilder stocks. So always looking for
Speaker 1: that mismatch. And I think there's a mismatch with bitcoin
Speaker 1: as well. I Um, I put out a tweet and
Speaker 1: what did I say here? I said, Oh, I said
Speaker 1: to a Wall Street trader, bitcoin is just another trading toy,
Speaker 1: but two millions of people living under authoritarian regimes and
Speaker 1: double digit inflation, it's a life draft. Sooner than later
Speaker 1: this will flip. So what I'm saying is is that
Speaker 1: there's a mismatch. Wall Street thinks it's just another risk asset.
Speaker 1: They trade it just like any other tech stock. But
Speaker 1: that's not what it is. So there's a mismatch there.
Speaker 1: It's actually something different. So to millions of people living
Speaker 1: under authority aran regimes in North Korea where are not
Speaker 1: even allowed to have money, it's a life draft. And
Speaker 1: I think that's gonna play out. Now. Back to El Salvador,
Speaker 1: so um the one year anniversary, and it hasn't been
Speaker 1: a smooth route there. The first one. There's a saying
Speaker 1: that as the pioneers always get some arrows in the back.
Speaker 1: So the first mover has to deal with all the problems.
Speaker 1: They have to deal with, every bump in the road,
Speaker 1: they have to deal with all the hate. They got
Speaker 1: to deal with the arrows in the back. And that's
Speaker 1: kind of what else Salvador has had to deal with,
Speaker 1: they say. Despite many real stumbles and skeptical mainstream coverage
Speaker 1: of President Boukeley's bitcoin initiative, both tourism numbers and remittance
Speaker 1: usage are already showing meaningful payoffs. So let's break that
Speaker 1: down a minute. Well, I'm gonna break that down a second.
Speaker 1: So what's interesting though, is um this month, and it
Speaker 1: was actually September fifteenth, it marked El Salvador's Independence Day.
Speaker 1: Just like in the United States we have fourth of July,
Speaker 1: they have their own independence day on this date. In
Speaker 1: eighteen twenty one, the UH the Provincial Council of Guatemala
Speaker 1: proclaimed the independence of the entire region Central America from
Speaker 1: the Spanish Empire in a document known as the Act
Speaker 1: of Independence of Central America. Now what's interesting is we
Speaker 1: basically saw the same thing happen where this month also
Speaker 1: marks the one year anniversary of a more recent independent struggle,
Speaker 1: and that is El Salvador's effort to decouple its economy
Speaker 1: from the US dollar by using a different currency, by
Speaker 1: recognizing bitcoin as legal tender. Now uh, it says, in
Speaker 1: part thanks to a very instability bread by American interventions
Speaker 1: in the nineteen eighties. So this would be Oliver North
Speaker 1: and the Sandinistas and the Iran contra. If you don't
Speaker 1: know what that is, you might want to go check
Speaker 1: out as a pretty interesting story. And what we saw
Speaker 1: is that this led to massive in stability. I'm not
Speaker 1: gonna dig into that, but basically, um, they they abandoned
Speaker 1: their own currency, their own paceo, and they started to
Speaker 1: move on to the dollars. Happened in finalized in the
Speaker 1: year two thousand and So Al Savadors are kind of
Speaker 1: been running on the dollar, which is a fairly stable currency. Um,
Speaker 1: but they weren't the masters of their own fate. If
Speaker 1: the US Federal Reserve decided to print more money, then
Speaker 1: that would mean mean massive inflation for Al Savador. They
Speaker 1: couldn't control that. Now, it says a sal Savadorian president Bukeley.
Speaker 1: Um looks like he saw the right on the wall.
Speaker 1: When he first in between his Bitcoin law, dollar inflation
Speaker 1: in the the US was barely tacking up the feeder reservice,
Speaker 1: saying we can't get it, we can't get enough inflation. Um.
Speaker 1: And then they finally start getting limit inflations that oh,
Speaker 1: it's temporary, it's temporary, it's it's transitory. Remember that. But
Speaker 1: a year later, now that inflation is looking like a
Speaker 1: more um, intracticable outcome of America's response right to the pandemic.
Speaker 1: So now at the time it was like it's it's
Speaker 1: it's not happening, it's not happening. And now it's gotten really,
Speaker 1: really bad now, Like I said, it hasn't been without
Speaker 1: a few bumps and bruises. Like I said, the pioneers
Speaker 1: got to take the arrows in the back, and so
Speaker 1: El Salvador has certainly done that. Um. There was you know,
Speaker 1: technological glitches with rolling out their A T M s,
Speaker 1: with rolling out their UM their wallets. Right, there's all
Speaker 1: types of problems with that, as you might expect. Um.
Speaker 1: I think people were a little bit too harsh on that. Um.
Speaker 1: The United States arguably the leader of the world and
Speaker 1: in tech. I mean, look what happened when Obama tried
Speaker 1: to roll at the Obamacare website. They spent billions on
Speaker 1: the on the on the website that all it does
Speaker 1: is just match you up with an insurance provider, and
Speaker 1: they couldn't even roll that out. The i r S
Speaker 1: in the United States, the i r S has been
Speaker 1: trying to revamp their software for decades. They consistently every
Speaker 1: single year mess up everybody's tax turns, mail out the
Speaker 1: wrong ones, etcetera. They've been trying to overhaul. They can't
Speaker 1: even get that done. So, I mean, come on, cut
Speaker 1: out of it or a little bit of slack. They
Speaker 1: create a whole new financial system. They had a little
Speaker 1: bit of a little technical glitches. That's okay. But what
Speaker 1: we're starting to see is the silver lining. We're starting
Speaker 1: to see actually some of the good stuff that it's done.
Speaker 1: And I think other nations are going to stand up
Speaker 1: and take notice of this. I want to talk about that.
Speaker 1: I want to talk about also some places in the
Speaker 1: United States and other countries that have already started to
Speaker 1: take the same things. So don't go away. I gotta
Speaker 1: I gotta come back in a second and tell you
Speaker 1: that you're listening to the Marketma show. Of course, talking
Speaker 1: about the decentralized revolution, the way the world is changing
Speaker 1: through the lens of politics, finance, and technology, the technology
Speaker 1: being bitcoin that we are talking about in El Salvador,
Speaker 1: but it's also happening in the United States and other nations. Again,
Speaker 1: the dollar prices a distraction. Look at this. I'll be
Speaker 1: back to explain that and more in a minute. Don't
Speaker 1: go away, I'll be right back. All right, welcome back.
Speaker 1: You are listening to the Mark Mashue if you're just
Speaker 1: tuning in. We talked about each and every week, the
Speaker 1: decentralized revolution, the way the world changes from centralization to
Speaker 1: decentralization through the lens of politics, finance, and technology, and
Speaker 1: I guess we're talking about all three. As we was
Speaker 1: trying to do, I try to find the convergence of
Speaker 1: those three. And so we're talking about the politics of
Speaker 1: a nation like El Savador getting off of their colonial money,
Speaker 1: off of their US dollar and setting up their own
Speaker 1: financial system. That's political, it's also financial. They're changing in
Speaker 1: their financial system, and of course it's technology. It's off
Speaker 1: of bitcoin, which is a technological revolution. Now, again, as
Speaker 1: I've said, there's been plenty of naysayers and granted, there's
Speaker 1: been plenty of ammunition for these nasairs because there's been
Speaker 1: lots of bumps in the road, as you would expect.
Speaker 1: As I said before the break, I mean, the Obamacare
Speaker 1: Initiative tried to roll out a new website to help
Speaker 1: you find an entrance provider. They couldn't even get that
Speaker 1: done with billions of dollars. And the US is arguably
Speaker 1: the leader in the world, especially when it comes to technology,
Speaker 1: and so they did a whole new financial system. They
Speaker 1: had a couple of bumps in the road. Uh great,
Speaker 1: uh ammo for the haters. But there's things that we
Speaker 1: want to look at. So what do we want to
Speaker 1: look at? What are the good things? Well, we want
Speaker 1: to look at a couple of things. One, bitcoin's ability
Speaker 1: to send remittances from abroad. So what do I mean
Speaker 1: by that? So, uh, if you're in the United States,
Speaker 1: you don't get this unless you've traveled the world alive.
Speaker 1: Most of the world has to send their family, their
Speaker 1: loved ones somewhere else like America to earn money that
Speaker 1: hopefully gets sent back to them. El Salvador is no
Speaker 1: different than most other countries. About thirty percent of their
Speaker 1: gross domestic product about thirty percent of all the money
Speaker 1: that El Salvador received eaves comes from remittances, comes from
Speaker 1: other people in other parts of the world, mostly the
Speaker 1: United States, sending money back home. Now, how do they
Speaker 1: do that, Well, you can do it through Western Union.
Speaker 1: You can go to the bank, wait in line, pull
Speaker 1: out cash. Driving your car, go to the bank, wait
Speaker 1: in line, given um. Or go to the grocery store,
Speaker 1: wait in line, give them the cash. Fill out the
Speaker 1: form for Western Union UM lose you of your money. Then,
Speaker 1: as bad as that is, that might take an hour
Speaker 1: out of my time, it's even worse than El Salvador,
Speaker 1: because now they live in some rural town. They gotta
Speaker 1: get on a bus. They gotta drive on a bus
Speaker 1: hours potentially to get to the city where they can
Speaker 1: now claim that money. Now they got to write hours
Speaker 1: back on a bus with cash and hopefully don't get robbed,
Speaker 1: and they've had to lose you know, depends on the
Speaker 1: dollar amount, but or more in fees. So they had
Speaker 1: to waste an entire day, they have the risk of
Speaker 1: getting robbed, and they've had to give up the money.
Speaker 1: But with bitcoin, literally I don't have to go to
Speaker 1: the bank, I don't have to go to go to
Speaker 1: the store, I have to go to Western Union and
Speaker 1: I can click a button and they can instantly have money,
Speaker 1: and they can have it in their bedroom, in their
Speaker 1: underwear in bed without having to get on a bus
Speaker 1: and do any of that. Pretty good, right, And it
Speaker 1: can be done for free, pretty much free, instead of
Speaker 1: having to give up and so that has been a
Speaker 1: big thing. As a matter of fact, it says in
Speaker 1: May of this year UM almost two percent of remittances
Speaker 1: to El Salvador, almost a hundred million dollars were sent
Speaker 1: via bitcoin in the eight months following the Bitcoin long
Speaker 1: So in the first eight months, almost almost a hundred
Speaker 1: million dollars about two percent of remittances were sent via bitcoin.
Speaker 1: Now I get it, Well, a hundred million does sound
Speaker 1: like a lot of money. Two percent of the remittances
Speaker 1: doesn't sound like a lot. I get it. It's small.
Speaker 1: But you have to understand the way technology and adoption
Speaker 1: curves work. There's something called an S curve. So anytime
Speaker 1: there's a new technology, it takes time to be adopted. Um,
Speaker 1: it took the telephone over eighty years to reach eight
Speaker 1: percent adoption. Now, why would it take so long to
Speaker 1: get a telephone. Telephones are easy. There's no risk in
Speaker 1: using the telephone, microwaves, washing machines, TVs, color TVs, the Internet.
Speaker 1: The Internet took decades to get to adoption, so to
Speaker 1: get two adoption within the first eight months is pretty
Speaker 1: dang fast. It's pretty dang fast. So it's happening now.
Speaker 1: Like I said, if you understand adoption curves and human behavior,
Speaker 1: you'll understand how important that is. Now, what about the
Speaker 1: dollar impact. Well, I already explained to you the time, commitment,
Speaker 1: to risk commitments, all that. But Salvadorians at home and
Speaker 1: abroad reportedly spend about four hundred million per year just
Speaker 1: on the fees for the remittances. So if you want
Speaker 1: to send money back home, about four hundred million goes
Speaker 1: to Western Union. Doesn't help out Salvador. Doesn't help the
Speaker 1: people that need the money. They goes to Western Union. Now,
Speaker 1: according to the World Bank, remittance fees to El Salvador
Speaker 1: averaged about three percent in which is low in global terms.
Speaker 1: I think that's um, I think that's very low. I
Speaker 1: think that's a little bit lower than reality. Um. You
Speaker 1: have to understand that most of these have like fixed fees.
Speaker 1: So if you send ten bucks or twenty bucks, it's
Speaker 1: a very high percentage. If you send a million bucks,
Speaker 1: it's a very low percentage, so that that gets skewed.
Speaker 1: But the average person is getting remittance fees down there
Speaker 1: are typically getting little bits of money, a hundred bucks
Speaker 1: at a time something like that. All right, But um
Speaker 1: so if there's four hundred million being spent on remittances
Speaker 1: on fees, even a small reduction in that is wanted, right,
Speaker 1: And like I said, the bitcoin fees are basically free.
Speaker 1: You can basically send bitcoin instant and near free using
Speaker 1: the Lightning network. Now if you combine, uh, if you
Speaker 1: even just half the price, let's say that you could
Speaker 1: just cut the fees in half, which you can cut
Speaker 1: them way more in half than that. Let's say you
Speaker 1: just cut them in half. Um, you can see that
Speaker 1: the Salvadoran saved a bit under four million dollars and
Speaker 1: remittance fees by transitioning to bitcoin just in the first
Speaker 1: eight months. So those people that got that money was
Speaker 1: only two percent, wasn't a lot of them. Um, they
Speaker 1: saved four million dollars. Now, if you've ever been to
Speaker 1: El Salvador, it's one of the it's a very poor nation.
Speaker 1: It's uh, well below the tile. I looked at it before.
Speaker 1: I think it was like a hundred and fifty global
Speaker 1: GDP is very very low. I've been there many times.
Speaker 1: Uh you've you know, you still still see people getting
Speaker 1: around on like oxen and carts down there. Um. I
Speaker 1: love El Salvador, by the way. I've been there many times.
Speaker 1: I've been there surfing, I've been down there working with
Speaker 1: the people in regards to the bitcoin situation. Beautiful place.
Speaker 1: I recommend you go there. It's just very poor. Um.
Speaker 1: So for them to be able to save four million
Speaker 1: dollars and all the time it took, um did not
Speaker 1: have to ride the bus go to town all that,
Speaker 1: that is a really big deal. So what I think
Speaker 1: is that we'll see other nations start to recognize this.
Speaker 1: Wait a minute, they just saved all this money on
Speaker 1: Remen's fees. Now that money comes back to our country
Speaker 1: and can be spent inside our borders. That sounds pretty good.
Speaker 1: I think we'll want that, And so that is spreading.
Speaker 1: As a matter of fact, now we're seeing um, other
Speaker 1: cities inside the United States and in and and the
Speaker 1: world now starting to adopt this. Now a lot of
Speaker 1: people would go to bitcoin or cryptocurrency and say it's
Speaker 1: never gonna be a money. Uh, it won't be a
Speaker 1: money unless you can pay your taxes in it. We've
Speaker 1: heard that one a lot um. Well, now you can.
Speaker 1: Colorado residents can now use crypto to pay taxes. As
Speaker 1: a matter of fact, coloradident residents can now pay state
Speaker 1: taxes with cryptocurrencies according to the state's payment portal. Now,
Speaker 1: they have been talking about this for a while, the
Speaker 1: outline in February, and now it is live and in place,
Speaker 1: which is a pretty big deal. So and other states
Speaker 1: have done it. Florida and Ohio are testing this out.
Speaker 1: And in South America, Argentina and Buenos Ares said that
Speaker 1: they're going to allow crypto payment for taxes. So it's coming.
Speaker 1: There's a mismatch in the market. The US dollar prices down,
Speaker 1: but nations states are adopting it. States in the United
Speaker 1: States are adopting it, and that mismatch will catch up
Speaker 1: in a due time. Now you're listening to the marketma show,
Speaker 1: we're talking about the decentralized revolution. This is coming. Whether
Speaker 1: you like it or not, you better get ready for it.
Speaker 1: I'm giving you the play by play as we look
Speaker 1: at it through the lens of politics, finance, and technology.
Speaker 1: Each and every week it's big the mismatches here. Eventually
Speaker 1: this will catch up like that tweet that I read you,
Speaker 1: which is right now. It's being traded like a Wall
Speaker 1: Street trading toy, but two millions of people living under
Speaker 1: authority turn regimes. It is a life draft. Anyway, you're
Speaker 1: listening to the Market Moa show. I got a whole
Speaker 1: lot more to cover when I get back, specifically about
Speaker 1: the inflation and some things that were said this week
Speaker 1: that makes us all extremists. I'll be back with more
Speaker 1: in a minute. Don't go away, all right, welcome back.
Speaker 1: You are listening to the Markma Show. We are talking
Speaker 1: about the decentralized revolution, the way the world is changing
Speaker 1: right before our eyes. And of course we look at
Speaker 1: the signposts as I like to call them, and we
Speaker 1: look at it through lends of politics, finance, and technology.
Speaker 1: And I'm always looking for the intersection of those three
Speaker 1: things that show us how the world is changing. Now
Speaker 1: we talked, I talk a lot about all the time
Speaker 1: how the world has changed. One system that we have
Speaker 1: is dying, the centralized system, the centralized system of control
Speaker 1: through politics, and centralized control system through money, the financial system.
Speaker 1: It's all dying and we can see us dying all
Speaker 1: around us. And we can really see it through inflation. Now,
Speaker 1: even the Central Bank of the United States, the Federal Reserve,
Speaker 1: was saying, we can't get inflation. We can't get inflation.
Speaker 1: H Jerome Palace said, we're gonna let it run hot.
Speaker 1: We're gonna let it. We're gonna overshoot our target and
Speaker 1: then we'll um average it out. We'll just we'll just
Speaker 1: average it out right um. And now then it went
Speaker 1: to what we're getting inflation. But it's scary. We don't worry.
Speaker 1: It's it's transitor. It's gonna go away to whole Shoot,
Speaker 1: it's it's really bad, and we're in a bad situation.
Speaker 1: Of course, here we are a year later, and it
Speaker 1: is really really bad. Um. And it's showing that the
Speaker 1: system that we have, the financial system that we have today,
Speaker 1: run by the political system that we have today, is
Speaker 1: on its way out. They are at the proverbial rock
Speaker 1: in a hard place. There is nowhere left for them
Speaker 1: to go. If they don't continue to inflate the monetary system,
Speaker 1: the whole system falls apart. But if they do contend
Speaker 1: to inflate the monetary system, then inflation continues to rage on.
Speaker 1: They're stuck in what is called this proverbial rock on
Speaker 1: a hard place. Now, this week, the President of the
Speaker 1: United States, Joe Biden, was sat down with sixty Minutes
Speaker 1: to talk about this very situation. And I want to
Speaker 1: play a clip of what he says. Mr President. Actually, no,
Speaker 1: last Tuesday, the annual inflation and rate came in at
Speaker 1: eight point three. The stock market nose dive. People are
Speaker 1: shocked by their grocery bills. What can you do better
Speaker 1: and faster? Well, first of all, let's put this in perspective.
Speaker 1: Inflation rate month month was just just an inch. So um,
Speaker 1: I mean to have somebody and mainstream media have to
Speaker 1: question President Biden about this. Kind of shows how much
Speaker 1: as his impacting people. He said that people are shocked,
Speaker 1: they're having trouble paying their bills. What what can you
Speaker 1: say about that? And President Biden wants to take this
Speaker 1: and put into perspective, which I always like to do.
Speaker 1: You always understand, whenever I talk about one thing, I
Speaker 1: always want to show you the perspective of it. So
Speaker 1: he says, let's let's understand this from the right perspective.
Speaker 1: First of all, First of all, inflation is only up
Speaker 1: an inch. Now, an inch is not a measurement for inflation,
Speaker 1: so we don't really know what that means. Of course,
Speaker 1: I'm guessing President Biden doesn't know what that means either,
Speaker 1: but only up an inch, he says, that's the perspective.
Speaker 1: But let's hear the rest of what he has to
Speaker 1: say here, let's go in hardly at all. You're not
Speaker 1: arguing that eight point three is good news. No, I'm
Speaker 1: not saying this good news. But it was eight point
Speaker 1: two or eight point two before. I mean, it's not
Speaker 1: you so uh. He's not trying to say eight point
Speaker 1: three was good, but it was eight point two or
Speaker 1: eight point two or eight to improve to eight point
Speaker 1: two before. Here, I am stumbling, just like the president.
Speaker 1: Um so uh No, it was actually nine point one
Speaker 1: and then eight point five and now at eight point three.
Speaker 1: So uh. Anyway, he doesn't really understand. But let's get
Speaker 1: let's let's let's dig into the rest to hear what
Speaker 1: he really has to say about this. For the perspective shift.
Speaker 1: Maybe I can make it sound like all of a sudden,
Speaker 1: my god, it went to eight point two. It's the
Speaker 1: highest inflation, right, Mr President in forty years. I got that.
Speaker 1: But guess what we are. We're in a position where
Speaker 1: for the last several months it hasn't spiked, and it's
Speaker 1: just barely it's been basically even. So that is the perspective.
Speaker 1: It's up to an astronomical level that people can't afford.
Speaker 1: People can't afford food anymore, as the sixty minute host said,
Speaker 1: like they're shocked at the grocery store. But let's put
Speaker 1: it into perspective. We're at a point where it's just
Speaker 1: barely going up anymore. This barely that's okay. No, it's
Speaker 1: not okay. People can't afford the prices right now. They're
Speaker 1: not talking about bringing prices back down. He's saying that
Speaker 1: the rate of increase has slowed down. He's not saying
Speaker 1: anything about, oh, we understand the problems. Oh we're doing
Speaker 1: things to bring it down. Um. He's like, no, no,
Speaker 1: it's uh, you know, it's just we're getting to the
Speaker 1: point where we're just kind of accepting it, right, We're
Speaker 1: just we're just gonna accept it. I guess that's that's
Speaker 1: the good news. That's just going up. The one thing
Speaker 1: that you have to keep in mind too, is that
Speaker 1: this time last year, inflation was a big problem. I
Speaker 1: don't have it up in front of me. I'm guessing, Uh,
Speaker 1: this time last year it was about five or six percent,
Speaker 1: which was in saying because we had no inflation for years.
Speaker 1: So the reason why I bring that up is if
Speaker 1: we were at five or six percent last year, which
Speaker 1: was shocking. It was actually I think I have the
Speaker 1: number right here. I can dig it up real quick.
Speaker 1: I like to always give you the what I like.
Speaker 1: I said, I called the receipts, So here we go.
Speaker 1: All right, Um, so for August of last year, so
Speaker 1: that's what we have. The numbers for August, and I
Speaker 1: was talking about August of last year was five point
Speaker 1: three percent, which was at the time, was a massive number.
Speaker 1: That's when they're saying, don't worry, don't worry, it's gonna
Speaker 1: go back down. Don't worry. It's transitory. Remember that word transitory.
Speaker 1: So that was already massive. Now we're a little bit jaded,
Speaker 1: or we were desensitized, I should say, because now we're
Speaker 1: at you know, nine point ones, and now five point
Speaker 1: three sounds easy, but at that time it was insane
Speaker 1: and people were freaking out. And the reason why I
Speaker 1: tell you that is because, um, this is a this
Speaker 1: is a reading year over year, So what does that mean.
Speaker 1: That means that from August of only twenty to August
Speaker 1: of one, inflation went up by five point so we
Speaker 1: went from you know, uh, we went from a ten
Speaker 1: dollar steak to a twelve dollar steak or thirteen dollar steak.
Speaker 1: Now the now, this is again a year over your
Speaker 1: increase on top of the five point three. So this
Speaker 1: is compounding. So if it went from August August five
Speaker 1: point three, then to go from August to August is
Speaker 1: another eight point three on top of the five point three,
Speaker 1: So this is adding. This is cumulative, and Biden doesn't
Speaker 1: seem to care about that. He seems to be out
Speaker 1: out to sleep on that, which is probably why, um,
Speaker 1: he has such a poor approval rating. Now I have
Speaker 1: people are obviously unhappy when they can't fill up their
Speaker 1: gas tanks. They can't they can't afford to power their homes.
Speaker 1: We're starting to see that nowhere where the price of
Speaker 1: electricity is getting so high that people can't afford it. Uh.
Speaker 1: People are obviously unhappy when they can't get the same
Speaker 1: quality of food that they've been used to getting and
Speaker 1: all of those things. And that's just you know, people
Speaker 1: are mostly concerned about themselves. Obviously, we can talk about
Speaker 1: the rest Ukraine situation, we can talk about the Taiwan situation,
Speaker 1: we can talk about all these things, but just on
Speaker 1: the monetary situation alone, we have a problem. And it's
Speaker 1: pretty interesting because I have this other clip we've seen,
Speaker 1: um Biden coming out and trying to what I would
Speaker 1: what I would say, deflect, right, So they're deflecting. So
Speaker 1: instead of saying, hey, we get it, this inflation is
Speaker 1: a problem. Uh, we're gonna do something to fix it.
Speaker 1: Instead they say, hey, but look over there, look at
Speaker 1: all these problems. This is our real problem. Over here,
Speaker 1: Like a couple of weeks ago, Biden gave the speech
Speaker 1: with the ominous red background. I'm sure you've seen that
Speaker 1: by now, with the two Marines sitting there, and he said,
Speaker 1: the real problem we have is the is the Republicans.
Speaker 1: The Republicans are extreme US and they're the biggest threat
Speaker 1: to our democracy right now now. On the last election,
Speaker 1: Um again, the last election between Trump and Biden, Uh,
Speaker 1: Trump beat all records for voter turnout. Now to put
Speaker 1: this into perspective like Biden tried to do. When Obama
Speaker 1: ran for president, Obama broke every voting record. He had
Speaker 1: more people turned out to vote for him than any
Speaker 1: president history. When Trump, when Trump ran, he broke that record.
Speaker 1: He had more people turn out and vote for him
Speaker 1: than any president history. When Trump ran again to compete
Speaker 1: against Biden, he broke the record again and got even
Speaker 1: more people to vote than any president history. Now, somehow
Speaker 1: Biden beat him barely, And let's just I'm not gonna
Speaker 1: get into whether that's accurate or not, but let's just
Speaker 1: say that it is. We know that at least half
Speaker 1: the people wanted that. But today or extremists, I want
Speaker 1: to dig into that and show you how this ties
Speaker 1: back in the financial system and signals the end of
Speaker 1: the centralization coming to an end. Um you're listening to
Speaker 1: the Mark Moa Show. If you're just tuning in, we're
Speaker 1: talking about the way the world or the pendulum is
Speaker 1: swinging back from centralization, peak centralization back to decentralization. We
Speaker 1: look at through the lens of politics, finance, and technology,
Speaker 1: really the convergence of those three. I got a whole
Speaker 1: lot to cover when I get back um, a couple
Speaker 1: of things that you do not want to miss really
Speaker 1: signals the end. I'll be back with moren a minute.
Speaker 1: Don't go away, all right, welcome back. You are listening
Speaker 1: to the Mark Moa Show. We're talking about the decentralized
Speaker 1: revolution each and every week, the way the world is
Speaker 1: changing through politics, finance, and technology. I was talking about
Speaker 1: before the break, we've been talking about how, um, how
Speaker 1: inflation is just ripping things apart, and all of these
Speaker 1: things just signal the end is coming. There's not a
Speaker 1: lot that we can do about inflation. Um. Like I said,
Speaker 1: the central banks are at their end of what they
Speaker 1: can do. If they stop printing, the system collapses. If
Speaker 1: they continue to print, then inflation rages on. And so
Speaker 1: they're stuck between this probably rock and hard place, which
Speaker 1: is why you have Biden going on sixty minutes and
Speaker 1: saying but but but it's barely going up anymore. It's
Speaker 1: just it's just slow. Uh No, it's not. As a
Speaker 1: matter of fact, like I said, it's compounding. But like
Speaker 1: I said, this goes on to show why two things.
Speaker 1: One the approval rating is so low, but to why
Speaker 1: they need to control the narrative so hard. And so
Speaker 1: what we're seeing is as this pendulum reaches maxes out
Speaker 1: at centralization, the u N, the I m F, the
Speaker 1: World Economic Form, the World Health Organization, the European Union,
Speaker 1: the e c B, et cetera. What's happening though, is
Speaker 1: they need to control the narrative. They need to control
Speaker 1: the people. And the more that people are starting to
Speaker 1: wake up and starting to realize this and started to
Speaker 1: share their uh, their discomfort or their distaste, that really
Speaker 1: affects their ability to energy situation, or I should say,
Speaker 1: control the situation. And so what we're seeing over and
Speaker 1: over and over is you don't like how much your
Speaker 1: food or your gas or whatever has gone up, then
Speaker 1: you're a problem. Oh, you don't like the policies that
Speaker 1: I'm put into place. You don't like the fact that
Speaker 1: I've shut down all the energy and now your energy
Speaker 1: bills are more expensive. You're part of the problem. You're
Speaker 1: an extremist. If you don't like what I have to say,
Speaker 1: you're against the democracy. You're a threat to democracy. First
Speaker 1: of all, democracy means the will of the people. It's
Speaker 1: what the people want, and so you should listen to
Speaker 1: all the people. And then it's a majority rule. Now,
Speaker 1: I'm not a fan of democracy because it's a majority rule,
Speaker 1: and really what it is is the minority, the tyranny
Speaker 1: of the minority for by the majority. So if ten
Speaker 1: of us all got together and six or seven of
Speaker 1: us agreed that you should just give us all your money,
Speaker 1: that's democracy. But if if there's two or three people
Speaker 1: out of the ten that don't want to give up
Speaker 1: their money, they're a threat to the democracy. You see
Speaker 1: how that works. Now, the United States is not democracy.
Speaker 1: Remember if you said the pledge of leadings growing up
Speaker 1: and to the republic for which it stands, or a
Speaker 1: representative government. But they keep saying it as a threat
Speaker 1: to our democracy. Like I was saying, Biden gave this
Speaker 1: speech with the ominous red background of the Marines back
Speaker 1: there and saying the maga Republicans are the threat to
Speaker 1: the democracy. They're a threat their extremists, extremists. Now, as
Speaker 1: I was saying, before the break, we saw more. We
Speaker 1: saw all voting turnout records broken by Trump in this
Speaker 1: last election. Now Biden edged him out some um. And
Speaker 1: even if you believe that to be true, then at
Speaker 1: least says about half and half half the country wants
Speaker 1: to go with um the Republican viewpoints. I don't even
Speaker 1: want to say Trump, UM, I'll just come out and
Speaker 1: say it right here. Uh. I probably would hope that
Speaker 1: Trump doesn't run again. I think he's probably more of
Speaker 1: a distraction than anybody. I do think he wants what's
Speaker 1: best for the country, but I hope that he doesn't.
Speaker 1: Hope that he sits this one out. But that being said,
Speaker 1: about half the country wants that. But he's saying, you're
Speaker 1: an extremist. If you don't want what they want, you're
Speaker 1: an extremist. And it's not just the President of States.
Speaker 1: Let me let me play you this clip I have
Speaker 1: queued up. This is the White House Press secretary, and
Speaker 1: let's hear when she was asked, what is an extremist? Again,
Speaker 1: we see a majority of Americans who disagree, and so
Speaker 1: when you are not with where majority of Americans are,
Speaker 1: then you know that is extreme. That is an extreme
Speaker 1: way of thinking. So if you're not where the majority is,
Speaker 1: you're extreme. So what's what's the majority? Fifteent? So a
Speaker 1: forty nine of the people want something different that's extreme?
Speaker 1: Is that the case that she's making? Oh, Mark, you're
Speaker 1: being crazy? Okay, is it sixty forty? I mean that
Speaker 1: was her words. The White House Press Secretary Korean Jean
Speaker 1: brier Uh. He says, if you're not with the majority,
Speaker 1: you're an extremist. Now, all progress in life comes from
Speaker 1: not being with the majority. Every single scientist, every single
Speaker 1: person in the world said man would never fly. But
Speaker 1: the right brothers, we're out of that consensus. They said, no,
Speaker 1: we think that man could fly, and they went out
Speaker 1: and proved that right. We can look at it with gravity,
Speaker 1: we can look at it with penicillin. All of these inventions,
Speaker 1: all of these breakthroughs came because somebody dared go against
Speaker 1: what the consensus was. For all of history, no one
Speaker 1: had ever been able to run a mile in less
Speaker 1: than four minutes. There was against the consensus. It's not done.
Speaker 1: People thought it was just impossible for a human to
Speaker 1: run that fast. Then one day someone believed he could,
Speaker 1: and he did and within that time I don't have
Speaker 1: it in front of me, but within within a few
Speaker 1: short years, like multiple people were breaking it. And now
Speaker 1: today the four minute miles just considered normal. So all
Speaker 1: progress comes from believing you can do something that most
Speaker 1: people think you can't. That's going against the consensus, but
Speaker 1: that is an extremist. Now, I would like to say
Speaker 1: that if that's the case, well, per this new poll,
Speaker 1: Joe Biden's approval is thirty nine percent of Americans approve
Speaker 1: of President Joe Biden. So does that mean he's the extremist?
Speaker 1: Does that mean that the Biden administration, anybody that supports
Speaker 1: Joe Biden, including the White House Press Secretary, are they
Speaker 1: now extreme because that's not what the majority wants. Thirty
Speaker 1: only thirty nine percent to prove. If proved, that means
Speaker 1: sixty one don't approve he's the extremist. You see how
Speaker 1: crazy that is. Now it's not just the United States.
Speaker 1: We're witnessing the end of sensualization. No in in uh,
Speaker 1: in Iran right now, they've been marching in the streets.
Speaker 1: They're streaming death to the dictator, Death to dictator. Why
Speaker 1: because they I think they killed some woman you know
Speaker 1: over she wouldn't wear her head dressing um. All over
Speaker 1: the world, we're seeing this. In Canada, we're seeing this. Uh.
Speaker 1: What's been trending on Twitter is a hashtag that says
Speaker 1: Trudeau must go. So lots of people in Canada are
Speaker 1: not happy with President Trudeau, he is trying to be
Speaker 1: I mean, I played a clip for you before he
Speaker 1: basically praised China for being communist. He wished he could
Speaker 1: run Canada like the Chinese Communist Party does. He said
Speaker 1: that he's shown that through what he's done with the
Speaker 1: pandemic response, what he did with the truckers and so forth.
Speaker 1: So there's lots of people that don't like him, and
Speaker 1: so there's viral trends sweeping over Canada. Like I said,
Speaker 1: all across um Twitter, where people are using the hashtag
Speaker 1: Trudeau must go. Lots of Canadians that I know personally
Speaker 1: are using that. But Trudeau he thinks that those people
Speaker 1: are are extremists. Anyone who would post that, he says
Speaker 1: our quote extremists. Now, the hashtag became popular in um
Speaker 1: in the Canadian media, and Twitter's head of Sight and
Speaker 1: Integrity reported there was no evidence of substantial bought activity.
Speaker 1: But Trudeau has come out and said that it must
Speaker 1: be Russian bots, it must be Russian interference that's doing that.
Speaker 1: But that's not the case. The post tend to incorporate
Speaker 1: anything that says, according to to Trudeau, I'm an extremist.
Speaker 1: So now because of this Now people are coming out
Speaker 1: and actually putting their pictures, putting videos on there saying, look,
Speaker 1: Trudeau says I'm an extremist. Trudeau says I'm not. And
Speaker 1: they're coming out and saying that over and over and over.
Speaker 1: But basically what they're saying is anybody who doesn't go
Speaker 1: along with what we want is an extremist. And this
Speaker 1: is a very scary thing. Now. I talk about this
Speaker 1: because this is the sign of our centralized system dying
Speaker 1: and the birth of a new decentralized system being born.
Speaker 1: And we wouldn't have seen it right before our eyes.
Speaker 1: And what happens is the more the state loses control
Speaker 1: the nation state, the more they try to squeeze, the
Speaker 1: more they try to squeeze, the more people push back,
Speaker 1: the more people push back, the more they try to squeeze.
Speaker 1: Each force has an equal and opposite reaction and only
Speaker 1: forces them to ratchet it up. And the more they
Speaker 1: ratchet it up, the more they'll actually lose in their grip.
Speaker 1: That's the way it goes. It's the way we've seen
Speaker 1: it throughout history. Every authoritarian regime ends up getting more
Speaker 1: and more restrictive, more and more harsh to the people.
Speaker 1: Pushed back. They can't deal with anymore, they can't live
Speaker 1: with anymore. They set up parallel structures, parallel societies. The
Speaker 1: system collapses and we start over again. That's exactly what's
Speaker 1: happening over That makes sense. You're listening to the Markma
Speaker 1: Show talking about the decentralized revolution, giving you the play
Speaker 1: by play. That's what I got free today. Thanks so
Speaker 1: much for listening. Until next time,