Speaker 1: Hey, everyone, Welcome back to another episode of The Mark
Speaker 1: Moss Show. Coming to you each and every week talking
Speaker 1: to you about talking you through, trying to guide you
Speaker 1: and explain to you what is going on with the
Speaker 1: world through this decentralized revolution that the world is going through.
Speaker 1: Talking about the intersection of politics, finance, and technology changing
Speaker 1: the world as we know it. Of course that's being
Speaker 1: led by bitcoin and cryptocurrencies and all these new technologies
Speaker 1: that are driving this change. And as the world changes, UM,
Speaker 1: volatility happens, right, changes hard. Um usually well, a lot
Speaker 1: of times change is good, but it's not always fun.
Speaker 1: It's not always easy, and that's exactly what we're seeing
Speaker 1: in the world. Um. We're going through massive changes. And
Speaker 1: what that means is that new things are created, which
Speaker 1: is exciting, but it also means old things that were
Speaker 1: used to dies and so you know, it's good for something,
Speaker 1: it's bad for others. Um. It could be extremely good
Speaker 1: for you if you're paying attention, could be extremely good
Speaker 1: for you if you position yourself to take advantage of it.
Speaker 1: Could also be extremely bad for you. If you're not
Speaker 1: paying attention, It could be extremely bad for you. If
Speaker 1: you're part of one of the industries are part of
Speaker 1: the part of the the economy that gets killed off. UM,
Speaker 1: But that's okay. You have time. You can you can
Speaker 1: change I like to say, you're not a tree. You
Speaker 1: can move. You could change careers, you could change companies,
Speaker 1: you could build new products, UM, you can change your investments.
Speaker 1: You can do all these things. But only if you
Speaker 1: have the information right, only if you know what the
Speaker 1: heck is going on, which is why you need to
Speaker 1: be tuned into me each and every week. UM. There's
Speaker 1: a lot of people on the radio, and I appreciate
Speaker 1: you listening to me. There's a lot of people that
Speaker 1: UM can talk about politics, and there's a lot of
Speaker 1: people that can talk about the finance, but in my opinion,
Speaker 1: there's nobody putting it all together into the context of
Speaker 1: what's going on in the world today like I am.
Speaker 1: And so hopefully you joined each and every week. If
Speaker 1: you're not driving poletryphone, real quick, put a calendar. Remind
Speaker 1: do to make sure you tune in each and every
Speaker 1: week on this time, this channel. UM. Try to make
Speaker 1: it the most important, the most profitable, maybe somewhat entertaining
Speaker 1: part of your week teaching every week. So thanks for
Speaker 1: tuning in you listening to the markma Show, and uh man,
Speaker 1: we have a never ending supply of stuff to talk
Speaker 1: about because, as I said, right, the world is changing
Speaker 1: and it's creating. It's an exciting time and there's so
Speaker 1: much to talk about. And of course, what's dominating the
Speaker 1: news over the last several weeks, and it's been dominating
Speaker 1: what I'm talking about. It's dominating every other, um, mainstream
Speaker 1: news and alternative news, whatever you wanna call, it's dominating everything.
Speaker 1: All the headlines is of course the war going on
Speaker 1: with Russia and Ukraine. But what I want to talk
Speaker 1: about isn't the war on the Russia and Ukraine war
Speaker 1: and what's happening with that, Um, what you know, we
Speaker 1: can we can get into that. There's plenty of people
Speaker 1: covering that. I saw a great piece by Tucker Carlson
Speaker 1: this week, UM where he really talked about the politics
Speaker 1: of Ukraine, which I thought was very interesting because it's
Speaker 1: definitely different than what you're typically hearing across mainstream media,
Speaker 1: which is, uh, the whole world now apparently stands with Ukraine.
Speaker 1: Everybody's flying the Ukraine flag and I stand with Ukraine.
Speaker 1: I stand with Ukraine and um, I do you know,
Speaker 1: Mark Most does I mean, I'm not for dictators and
Speaker 1: I'm not for tyranny. I'm not for war, I'm not
Speaker 1: for people dying. I'm not for any of that. UM.
Speaker 1: I would condemn any government leader from invading another country
Speaker 1: and killing people innocently, Like I'm I'm always against that. UM.
Speaker 1: But the piece that Tucker Carlson was talking about was
Speaker 1: that that's fine, and you can have that stance, but
Speaker 1: just understand what Ukraine is. Because Ukraine is not a democracy.
Speaker 1: So if you're saying that we support a democracy and
Speaker 1: Putin and Russia as a dictator, and so we're against
Speaker 1: it because we don't want dictators taken over democracies, well
Speaker 1: that's wrong. And it was It was interesting. He had
Speaker 1: all the receipts, He had all the facts, all the
Speaker 1: all the figures, all the data points to back that up.
Speaker 1: If you're curious about it, go ahead and look it up.
Speaker 1: I'm not gonna dig super deep into that. My point is,
Speaker 1: as I'm talking about at my point is I'm not
Speaker 1: going to talk about that. I mean that that's interesting
Speaker 1: and that's a great piece, but I don't I don't
Speaker 1: really care about that. Again, I want to bring what's
Speaker 1: happening in the world into context, and so we're gonna
Speaker 1: look at it from a much broader lens, because the
Speaker 1: world as we know it is changing. The financial system
Speaker 1: of the world is changing. As a matter of fact,
Speaker 1: the global financial system is going through its fifth change
Speaker 1: in about the last hundred years, about the last century.
Speaker 1: So it's been massive changes to the global financial system.
Speaker 1: And this is the fifth one, really the fourth one
Speaker 1: in less than a hundred years, that has massive, massive
Speaker 1: implications for your every day life. Your money, right, your
Speaker 1: money is at the base of your life. That that
Speaker 1: your money is how you know can you afford to
Speaker 1: eat steak or do you eat slop? I mean, how
Speaker 1: much food can you afford? Can you drive your car?
Speaker 1: Can you go get entertainment, can you take a vacation?
Speaker 1: Do you have to work more hours than you used to?
Speaker 1: I mean everything hinges off of the money. And so
Speaker 1: I want to talk about the rush of Ukraine situation,
Speaker 1: and I'm going to talk about how the entire financial
Speaker 1: system is changing right now. And as I said earlier, um,
Speaker 1: if you understand this and if you navigate it properly,
Speaker 1: then it could be a massive opportunity for you doesn't
Speaker 1: have to be bad. Uncertainty is scary because you don't
Speaker 1: have the future holds. But I have a I have
Speaker 1: a daughter and she's graduating high school and uh, she's
Speaker 1: kind of going through this realization that, oh, shoot, I
Speaker 1: got to become an adult now, and I don't know
Speaker 1: what to do. And uh, I'm scared because my whole
Speaker 1: life has been laid out for me and now I
Speaker 1: got to figure it out. And I told her the
Speaker 1: same thing I'm telling you, which is that I get it.
Speaker 1: It's scary. It's uncertain. You know, your whole life has
Speaker 1: been laid up for you, and now you have to
Speaker 1: go figure it out. And so while that's scary, it's
Speaker 1: also should be exciting because now you can go right
Speaker 1: whatever future you want. And so the same is true
Speaker 1: with us. We're going into this uncertain world, but it
Speaker 1: should be exciting because we get a new world and
Speaker 1: if we navigate it correctly, we could we could benefit
Speaker 1: from that. So, um, I'm talking about well, before I
Speaker 1: frame up the five different times the global financial system
Speaker 1: changed and what that meant for everybody. Before I frame
Speaker 1: that up, I mean, you can see what's happening. As
Speaker 1: the system is changing. Right, So, um, inflation you hear
Speaker 1: about that all the time. Price is going up. Now
Speaker 1: there's a whole another lesson about what inflation is. Inflation
Speaker 1: is not prices going up. Prices going up is the result.
Speaker 1: It's the effect of inflation. Inflation is the increase in
Speaker 1: the money supply. But whatever, we have a massive increases
Speaker 1: in the money supply, which is then leading to massive
Speaker 1: prices increasing across the ward from consumer items, from the
Speaker 1: amount of gas, the gas prices you pay, which I'm
Speaker 1: here in southern California. Down here in Los Angeles, I
Speaker 1: think we might have the highest gas prices in the nation,
Speaker 1: maybe even the world. As a matter of fact, I
Speaker 1: think we're over seven dollars and fifty cents a gallon.
Speaker 1: It's insane. Um, So gas prices going up. Of course,
Speaker 1: when gas prices go up, then everything goes up because
Speaker 1: the food has to be trucked to the store, the
Speaker 1: clothes up to be truck So then we have food
Speaker 1: prices going up like crazy. Um. When we have prices
Speaker 1: going up like crazy, we when we have massive inflation,
Speaker 1: the economy is hurting. Then that has always historically and
Speaker 1: this time is no different. Has led to wars, which
Speaker 1: of course now we're talking about this Russia Ukraine war. UM.
Speaker 1: And then when wars happen, then we have UM and
Speaker 1: the and the inflation is a problem. Then we run
Speaker 1: into other problems. So now we're running into UM food crisis.
Speaker 1: So between Russia and Ukraine, they control thirty percent of
Speaker 1: the global wheat and corn. That's a big problem. UM.
Speaker 1: It's about twelve percent of the world's calories, which is
Speaker 1: a pretty big deal. So now we have these few
Speaker 1: food crisis that are happening all over the world. They
Speaker 1: export UM over the of the of the fertilizer and
Speaker 1: of course what do you need fertilizer for, Oh yeah,
Speaker 1: to grow food. That's the problem. UM. And then we
Speaker 1: have wars, right, wars always break out, And then we
Speaker 1: have the energy crisis, so we have we don't have
Speaker 1: enough energy. Of course, Russia supplies the world, I think
Speaker 1: about eight or nine percent of the world's energy oil
Speaker 1: and gas, and so that's a big problem. We have
Speaker 1: massive energy problems in the United States. Massive not so
Speaker 1: much in the United States, those are self inflicted, especially
Speaker 1: in California. Massive energy problems in China. It's a big problem. UM.
Speaker 1: And so we have that, and then, uh, you know
Speaker 1: the wars, right, the wars always happened. When when that happens,
Speaker 1: and I'm here to tell you that things are about
Speaker 1: to get worse. Don't go away. I got a lot
Speaker 1: more coming about how the financial system changed and what
Speaker 1: you need to do. I'll be right back, all right,
Speaker 1: welcome back. You're listening to the Markma Show. We're talking
Speaker 1: about the way the world is changing right now. It's
Speaker 1: an exciting time. It's a scary time. It's an exciting time.
Speaker 1: We're talking about the decentralized revolution. We're talking about the
Speaker 1: political and the financial system and the technology system all
Speaker 1: being reset, all being rewritten right now. Of course, before
Speaker 1: the break, we were talking about how the world's gone crazy, right,
Speaker 1: prices are going crazy, Gas prices are crazy, Oil is
Speaker 1: going crazy, energy crisis and food crisis. Everything is getting
Speaker 1: worse and worse and worse. And then of course we
Speaker 1: have war. War always comes after that. Um and uh,
Speaker 1: I set that up before the break, last last on
Speaker 1: the last section, and now I want to dive into,
Speaker 1: um some history. I love history. If you watch my
Speaker 1: YouTube channel, which if you don't, by the way, you
Speaker 1: should just search Mark Moss on YouTube. You can find
Speaker 1: that I try to always pull this historical lesson UM
Speaker 1: into each each of these so you can get this
Speaker 1: perspective that you can only get through history. The problem
Speaker 1: is that most of us, uh, we as humans were
Speaker 1: we were horrible investors um. And we suffer from a
Speaker 1: lot of problems as humans. UM. One of them is
Speaker 1: what's called normal c bias, and so we think whatever
Speaker 1: is normal, just is this is whatever we're doing right
Speaker 1: now is normal. That's why people today keep going when
Speaker 1: are we going back to normal? Well, there is no
Speaker 1: new normal. Uh, this is normal um. So anyway, there's
Speaker 1: normalcy bias. Another one that we suffer from is recency bias.
Speaker 1: And so whatever has happened recently, we think we'll just continue.
Speaker 1: If we have high inflation, we think there's always high
Speaker 1: inflation if we um, if we think the US as
Speaker 1: the world superpower will always be the world too power.
Speaker 1: But that's not necessarily the case, and so we have
Speaker 1: to look past our own knowledge and look past backwards
Speaker 1: into history. So let me give you a quick history
Speaker 1: lesson here. First off, the US has not always been
Speaker 1: the world superpower, and the US dollar has not always
Speaker 1: been the reserve currency of the world. Before the dollar
Speaker 1: was the reserve currency of the world, it was Britain
Speaker 1: with the pounds sterling. The US took that position over
Speaker 1: from Britain UM in around the thirties. All right, Now,
Speaker 1: what happened is that gold had been money for five
Speaker 1: thousand years. And but the problem with gold is it's
Speaker 1: very hard to transact. Um. We're in a digital age
Speaker 1: now right right now, I'm coming you live over the
Speaker 1: internet or over your radio, And how do I send
Speaker 1: you gold over the radio over the internet? You don't obviously, right,
Speaker 1: And so as we started to do commerce globally, um,
Speaker 1: it started be getting very difficult to transact with gold.
Speaker 1: So gold would go in a bank and then somebody
Speaker 1: would use a ledger and they would say, okay, now Mark,
Speaker 1: oh's you X amount of gold. But the problem is
Speaker 1: I have to trust that person with a ledger. How
Speaker 1: do I know if they're keeping the ledger right? What
Speaker 1: if something happens to them, what if they try to
Speaker 1: do something maliciously, et cetera. What happened is, over over
Speaker 1: a long period of time, all that gold ended up
Speaker 1: in the banks, and the banks issued US claims on
Speaker 1: the gold paper goalstificates. It was a claim on the
Speaker 1: gold that meant that if you had that paper goalstificate,
Speaker 1: you can go to the bank and you could exchange
Speaker 1: it for gold. Well, what happened is the United States,
Speaker 1: the banks they started printing so many of these paper
Speaker 1: claims that there wasn't enough gold to back up the claims.
Speaker 1: We couldn't trust them. Like this is the keyword. I'm
Speaker 1: gonna come back to you several times. We trusted the
Speaker 1: banks to hold our gold, and that we trusted these
Speaker 1: paper gold certificates would be redeemable for the gold whenever
Speaker 1: we want. Now you hear a lot of things about like, well,
Speaker 1: what's the dollar backed by or what's bitcoin back by?
Speaker 1: That term backed by only came from because we had
Speaker 1: paper gold certificates that were backed by gold. They were
Speaker 1: redeemable by gold when you had gold. What's gold back by? Exactly? Gold?
Speaker 1: Gold is gold, right. When I have gold gold, gold
Speaker 1: is backed by trust, meaning that somebody else would take
Speaker 1: it from me at some point. But the paper was
Speaker 1: backed by gold, I could go redeem it. What happened
Speaker 1: is by three they had printed so many paper cl
Speaker 1: certificates we did we trusted them and they let us
Speaker 1: down that there was a big problem. There wasn't enough
Speaker 1: gold to go around, and so what the government do.
Speaker 1: They created a um. They went on a bank holiday.
Speaker 1: That's that's what they called it, a bank holiday, meaning
Speaker 1: the bankers went on holiday. They shut the banks down,
Speaker 1: and you could not if you're an American at that time,
Speaker 1: could not get your money out of the bank because
Speaker 1: they were shut down when the bank's at that time,
Speaker 1: gold was the paper goalstificates those claims were worth. It
Speaker 1: took twenty of those paper goals ticates twenty dollars to
Speaker 1: get one ounce of gold. Well, when they shut the
Speaker 1: banks down, they shut them down approximately a week. When
Speaker 1: they opened them back up, you weren't able to go
Speaker 1: redeem those paper goalstificates for gold anymore. It was now illegal.
Speaker 1: You was American, couldn't own your gold. And even worse,
Speaker 1: instead of twenty dollars per ounce of gold, it was
Speaker 1: now thirty five. So you lost of your wealth overnight,
Speaker 1: just like that. Three is when the entire system changed.
Speaker 1: That was a big deal. What it did is it
Speaker 1: torpedoed trust. We trusted them to hold our gold. Now
Speaker 1: they just stole it from us and not only they
Speaker 1: steal it from us, they devalued our paper goal stificates.
Speaker 1: Imagine losing net worth overnight. That's what happened. Okay, then
Speaker 1: fast forward. I'm gonna go forward quickly. Or nine was
Speaker 1: one of the biggest years. Was the pivotal year. The
Speaker 1: entire world got together and created a global monetary standard,
Speaker 1: a gold system where the dollars would be backed by
Speaker 1: gold thirty five dollars equal one ounce of gold, and
Speaker 1: then all the currencies of the world would be pegged
Speaker 1: to the dollar. So basically everybody's on this gold standard,
Speaker 1: and so that worked pretty good. Now at the time,
Speaker 1: um that was called the Breton Woods Agreement, a gold standard.
Speaker 1: There was another system that was proposed, and this is
Speaker 1: an important piece because I'm gonna come back to this
Speaker 1: in the future. This is actually where we're maybe going
Speaker 1: into now. So there was another system proposed. It was
Speaker 1: called a BANKORPS system. And the bankcor system was proposed
Speaker 1: by somebody named John Maynard Keynes, and he said that
Speaker 1: what we should do is all the nations should have
Speaker 1: a neutral reserve asset and we should have a currency,
Speaker 1: a money system that's backed by commodities. Commodities are real things.
Speaker 1: Commodities are are gold, um, oil, wheat, things like that, minerals, medals, etcetera.
Speaker 1: So those are real things. Now. The reason why that's
Speaker 1: important to understand is that money gold was money for
Speaker 1: five thousand years. Money, gold, dollars, bitcoin, whatever want to
Speaker 1: call it. Money is a medium of exchange. That money
Speaker 1: isn't worth anything other than how much goods and services
Speaker 1: it will buy me. I've used the example many times.
Speaker 1: If I was on a deserted island with a billion
Speaker 1: dollars of cash, a billion dollars of gold, and a
Speaker 1: billion dollars of worth a bitcoin, none of it would
Speaker 1: be worth anything unless I had some goods and services
Speaker 1: I could buy, unless I had food and water and
Speaker 1: a boat and a phone to get off that stupid island. Right,
Speaker 1: So it wouldn't be worth anything to me, And so
Speaker 1: gold isn't worth anything. Bitcoin isn't worth anything. Dollars aren't
Speaker 1: worth anything unless I can buy goods and services with them,
Speaker 1: And so the goods and services are real things. Wheat, water, energy, Right,
Speaker 1: those are the things that we need to survive. We
Speaker 1: don't need gold to survive. So um, he suggested John
Speaker 1: Maynor Keen suggested in this bank or system that we
Speaker 1: had a neutral reserve asset that would be that would
Speaker 1: that would use a commodity basket, So a basket of commodity.
Speaker 1: So let's take a little bit of wheat, a little
Speaker 1: bit of oil, a little bit of gold and put
Speaker 1: it into a basket and then the nations will be
Speaker 1: backed by that. And the reason why that makes sense
Speaker 1: is that, Um, whether it's me Mark Moss as an individual,
Speaker 1: or me Mark or or our city or country or
Speaker 1: a nation, we must produce more then we consume. So
Speaker 1: we have trade balances. So if I, if I make
Speaker 1: the clothes and you make the food, I need to
Speaker 1: sell you enough clothes to make up for the food
Speaker 1: that you sell me. But if I if I can,
Speaker 1: if I sell you all the clothes, but it's still
Speaker 1: not enough to get the food, that's a problem. Alright,
Speaker 1: So um, we should have this neutral reserve asset of commodities.
Speaker 1: But anyway, the world didn't go that way. The world
Speaker 1: went to this breton Wood system, which was this goldback system. Okay,
Speaker 1: so the US had this massive privilege where the dollar
Speaker 1: was the reserve asset. The problem is the United States
Speaker 1: was trusted by the world to hold that system together,
Speaker 1: and then the world um would then store their wealth,
Speaker 1: their reserves, their savings would be held in dollars, and
Speaker 1: they trusted the United States to hold that system together.
Speaker 1: The problem is trust again and trust just like a
Speaker 1: nineteen thirty three was broken and then it happened again
Speaker 1: and again again. I'm gonna dig into that. I got
Speaker 1: a lot more to go. You're listening to the Mark
Speaker 1: Moa Show. We're talking about the decentralized Revolution. We're talking
Speaker 1: about the way the world is changing right now and why.
Speaker 1: And I'm going to be telling you the change that
Speaker 1: just happened on February two that changed everything as we
Speaker 1: know it. Do not go away. You don't want to
Speaker 1: miss this. I'll be right back with more. All right,
Speaker 1: welcome back. You're listening to the Mark ma Show, and
Speaker 1: we're talking about the decentralized Revolution. Each and every week,
Speaker 1: we're talking about the way that politics, technology, and finance
Speaker 1: are all colliding to change everything as we know it.
Speaker 1: And it's happening right now, right before our very eyes.
Speaker 1: Before the break, I was talking about how the world
Speaker 1: has gone crazy. Prices are going all over the place,
Speaker 1: wars are breaking out. You already know that I was
Speaker 1: talking about some dates, some very pivotal dates in history.
Speaker 1: I talked about nineteen thirty three. We trusted the US
Speaker 1: and the banks not to create more paper claims than
Speaker 1: they had gold, but they let us down. Um. We
Speaker 1: trusted them to hold our gold, and they let us down.
Speaker 1: They seized it, and they made it illegal, so they stole.
Speaker 1: Not only did they print more they lied to us
Speaker 1: and printed more paper galtificates, but then they actually stole
Speaker 1: the gold from us. That sucked. Four. The world was
Speaker 1: at this pivotal place to to set up a new
Speaker 1: global financial system. Would it be the bank course system
Speaker 1: or would it be the Bretton Wood system. Well, the
Speaker 1: breton Wood system one out will come back to the
Speaker 1: bank corps later um. And again the world trusted the
Speaker 1: United States to uphold this system and so they could save,
Speaker 1: they could put their reserves, nations could put their savings
Speaker 1: and reserves into U S dollars into U S treasuries.
Speaker 1: Has not happened from until ninety one. And what happened
Speaker 1: is um, the nations of the world were told, yeah,
Speaker 1: save in dollars, that's fine, and any time you want,
Speaker 1: we will convert those dollars back into gold for you um.
Speaker 1: But the problem happened is that again anything that happened
Speaker 1: up to ninety three, the government printed way too many dollars,
Speaker 1: and the nations around the world realized what was happening,
Speaker 1: and they didn't trust the U. S and they said, hey,
Speaker 1: we know what you're doing here. This is ridiculous. We
Speaker 1: don't want these fake paper gold certificates. We want the gold.
Speaker 1: And so the nations kept trying to come and repatriot
Speaker 1: or basically take back their gold from the U s UM. Finally,
Speaker 1: in nineteen s one, France I believe it sent their
Speaker 1: warships to the US to collect their gold, and President
Speaker 1: Richard Nixon said, nope, we're not doing anymore. Basically defaulted
Speaker 1: on the debt. We're not going to pay the debts
Speaker 1: that we owe anymore on the in the United States
Speaker 1: went bankrupt NTE, and it ended the gold system. And again,
Speaker 1: the world trusted I'm gonna keep coming back to that
Speaker 1: word trust, or the world trusted the United States to
Speaker 1: hold their gold. The world trusted the United States to
Speaker 1: keep the dollar um and the gold system and check,
Speaker 1: the world trusted the US to exchange these paper clal
Speaker 1: certificates for gold. But one the world found out they
Speaker 1: couldn't trust the United States and any of that. They
Speaker 1: printed too many dollars, they didn't give them their gold back, etcetera.
Speaker 1: All right, so then the world went into what's known
Speaker 1: as a petro dollar system. So then, since the dollar
Speaker 1: wasn't backed by gold anymore, the United States made a
Speaker 1: deal with Saudi Arabia and said, hey, Saudi Arabia, check
Speaker 1: it out. UM, if you make everybody buy oil in dollars,
Speaker 1: then we'll protect you with our giant military. Don't worry,
Speaker 1: we got your back. As long as you make people
Speaker 1: pay in dollars, we're going to cover you, um with
Speaker 1: our military. And so we've been in this petro dollar system,
Speaker 1: and that's where we've been since or really I think
Speaker 1: I started in the seventy three or seventy four UM,
Speaker 1: and that's kind of been the system that we've been
Speaker 1: in ever since. Now, Remember the world are wealth is
Speaker 1: is goods and services. Wealth is uh is food, it's energy,
Speaker 1: things like that. Um, it's not money. It's not gold,
Speaker 1: it's not big one. It's it's money. It's not money.
Speaker 1: Money measures how much we can buy UM. And at
Speaker 1: the at the base of everything. And this gets a
Speaker 1: little philosopicals to stick with me for a minute. All
Speaker 1: of wealth is goods and services because we need food,
Speaker 1: we need shelter, we need heat, we need water, we
Speaker 1: need those things to survive. But it's at its base
Speaker 1: everything is energy. So your body, it needs it, burns energy. Right,
Speaker 1: So if you go exercise, if you work, your brain
Speaker 1: is using energy to listen to me right now. But
Speaker 1: how does your body get those that energy to burn? Well?
Speaker 1: Calories right, calories are energy in your body. So everything.
Speaker 1: So the law of thermodynamics is that energy cannot be created.
Speaker 1: Energy can only be unleashed. It can be und can
Speaker 1: be harnessed, it can be transferred. All we can do
Speaker 1: is move energy from one source to the next. We
Speaker 1: can't create energy, So we have energy. We have these
Speaker 1: electricity plants. They're creating electricity, but they're taking another form
Speaker 1: of energy and turning it into electricity as another form
Speaker 1: of energy. We can't create energy. So energy is the
Speaker 1: is the base of wealth for life. Without energy, there's
Speaker 1: nothing without energy. There's no food without food, there's no
Speaker 1: energy from my body. Without energy from my body, I
Speaker 1: die very simple, right, And so the oil has been
Speaker 1: been basically backing the dollar ever since. But February two
Speaker 1: something changed, something changed. The world as we know it
Speaker 1: has changed, like those other dates I've given you, And
Speaker 1: that was the time when the war between Russia and
Speaker 1: Ukraine broke out. The United States decided to jump in
Speaker 1: and used the dollar, which has been the reserve asseid
Speaker 1: of the world for the last century, used the dollar
Speaker 1: as a weapon, and they sanctioned Russia. Of course I've
Speaker 1: been talking about this for the last couple of weeks, um,
Speaker 1: and they sanctioned Russia. But what they did specifically on
Speaker 1: that day is they said, your reserves, the money that
Speaker 1: you're saving in the bank, it's no good anymore. It's
Speaker 1: not yours. And so that killed this petro dollar system.
Speaker 1: Are nations around the world wanted to save in these
Speaker 1: dollars if you have, if you if the United States
Speaker 1: or whoever can just say up that money is no
Speaker 1: good anymore than why would any nation want to save
Speaker 1: in that? And they wouldn't. Right now, what's interesting is
Speaker 1: if we go back through time, if we look back really, um,
Speaker 1: look at at the price of oil. So I talked
Speaker 1: about earlier, how gas prices are going through the roof,
Speaker 1: and gas prices going throughof goes oil going through the roof. Well,
Speaker 1: why is oil going to the roof? Well, oil had
Speaker 1: been kept in a pretty tight range for a really
Speaker 1: long time. As a matter of fact, it kind of
Speaker 1: stayed in like a fifty dollar range um since we
Speaker 1: got on, since we got onto the petit dolor system
Speaker 1: in the seventies, up until about two thousand and five,
Speaker 1: and the and the US was managing that just like
Speaker 1: they had managed the dollar to gold ratio before. Now
Speaker 1: they were managing the dollar to oil ratio, and it
Speaker 1: was kind of in range. But around two tho five,
Speaker 1: the United States decided to abandon that and to try
Speaker 1: to save its own economy and started printing massive amounts
Speaker 1: of dollars, massive amounts of stimulus, just like they did
Speaker 1: over and over before. And what that did is that
Speaker 1: pushed oil much higher, shooting up to well over a
Speaker 1: hundred dollar the barrel. And now instead of staying in
Speaker 1: that range, now it's more in the range. And since
Speaker 1: that's happened, and now we can't trust these U S
Speaker 1: dollars anymore. Remember back to that word trust. All these
Speaker 1: nations around the world that we're trusting the United States
Speaker 1: to hold their money for them just found out that
Speaker 1: they can't trust. Now, all of a sudden, the world
Speaker 1: is shifted onto a new system, and that system is
Speaker 1: now back to this bank course system that was originally
Speaker 1: introduced or or suggested by John Maynor Ken's back, which
Speaker 1: is we should go back to a commodity money. Now
Speaker 1: this has actually been happening for quite a while. We
Speaker 1: can see that UM over the last couple of years.
Speaker 1: So UM, the nations around the world, if you're Russia
Speaker 1: or Germany, or France or whatever, even China, where do
Speaker 1: you store your savings? Where do you store your reserves?
Speaker 1: Now I store my savings in the bank. You probably
Speaker 1: do as well. Bank of America JP Morgan, Wells Fargo, whatever.
Speaker 1: They don't store their wealth in the bank. When you
Speaker 1: have billions or hundreds of billions of dollars, you don't
Speaker 1: just store it in JP Morgan. You buy US dollar
Speaker 1: treasuries U S T S treasuries, which are basically they
Speaker 1: consider a risk free acid as good as as good
Speaker 1: as gold, as good as money. Um. And that's where
Speaker 1: you store those. But now they don't want to do
Speaker 1: that because Russia just found out that they lost them all.
Speaker 1: So the whole world is scrambling and try to figure
Speaker 1: out what the new system is. And so, um, some
Speaker 1: big things are happening right now. The world is scrambling
Speaker 1: for oil. But what we've seen over the last couple
Speaker 1: of years is that, um, instead of these nations buying
Speaker 1: more US treasuries, they've actually been net sellers of treasuries
Speaker 1: and net buyers of gold. So over the last couple
Speaker 1: of years, all these nations have been adding gold instead
Speaker 1: of US treasury. So they've been preparing for this for
Speaker 1: a while. So this came to a head on February two,
Speaker 1: but this has actually been in the works for a
Speaker 1: number of years. Now. On top of that, some other
Speaker 1: things have happened. That's pretty interesting. So um, not only
Speaker 1: did did that happen, but then we have U. S.
Speaker 1: Senators calling to seize gold from Russia and we actually
Speaker 1: have some historical precedents for that. Um, And if they
Speaker 1: can't trust gold, what could they trust. Well, there's a
Speaker 1: lot more to this story, but obviously Bitcoin is one
Speaker 1: of the big beneficiaries of that. Bitcoin has been thrust
Speaker 1: onto the world stage right now because the world is
Speaker 1: starting to realize they can't trust dollars. They can't trust governments,
Speaker 1: and maybe they can't even trust gold. And that's why
Speaker 1: bitcoin is getting all this world's attention. Right now, you
Speaker 1: listen to the Mark Show, I'm gonna be right back.
Speaker 1: Don't go away. Are you listening to the Mark Moa Show?
Speaker 1: And I'm back. We're talking about the changes of the
Speaker 1: financial system happening right before our very eyes. And something
Speaker 1: big just happened um that many people maybe weren't paying
Speaker 1: attention to. Of course, that date I'm talking about his
Speaker 1: February two. It's the day when the United States just
Speaker 1: told the whole world that they cannot be trusted. The
Speaker 1: US can't be trusted to hold um reserves, hold savings
Speaker 1: of other nations. It's the year, it's it's the date
Speaker 1: when they told Russia that all your savings and US
Speaker 1: treasuries is just worthless. You can't trade anymore. And so
Speaker 1: the world scrambling for something else. Now, like I was
Speaker 1: saying before the break, that the world has been the
Speaker 1: nations around the world have been a net buyers of
Speaker 1: gold over the last couple of years, so they've already
Speaker 1: been The world has already been seeing this coming, and
Speaker 1: they've already been transitioning away from dollars and into gold,
Speaker 1: so they've been buying less treasuries and they've been buying
Speaker 1: more gold. Um. But the problem is is that even
Speaker 1: gold may not be safe. So we have just recently
Speaker 1: out because of the sanctions on Russia, we have U
Speaker 1: S senators are now calling to seize gold from Russia.
Speaker 1: They're saying to put sanctions on their gold. No, I
Speaker 1: don't know how they plan on seizing Russia's gold. They're
Speaker 1: gonna go into Russia with the warships and somehow collected
Speaker 1: and Russia's is gonna give it to him. I don't
Speaker 1: know how that how they plan on doing that. Um.
Speaker 1: But um, they're saying that they could sanction in if
Speaker 1: they find any other countries that are buying their gold.
Speaker 1: Things like that, and there's some historical precedents. This is
Speaker 1: a matter of fact. The UK just seized has recently
Speaker 1: seized Venezuela's gold. They seized thirty one tons, which is
Speaker 1: worth about approximately two billion dollars today. Um. So they
Speaker 1: seized Venezuela's gold and so how do they how do
Speaker 1: they seize it? Well, of course Venezuela didn't have it
Speaker 1: in Venezuela. They had it in the UK, just like
Speaker 1: when the United States seized Americans gold, it was in
Speaker 1: the banks and they just took it. And so Venezuela
Speaker 1: it had their gold in the UK and the UK
Speaker 1: has decided to take it. So I'm gonna go back
Speaker 1: to this word again. Trust. Venezuela trusted the system, trusted
Speaker 1: that their gold would be safe in the UK, and
Speaker 1: they found out that it's not so. In a world
Speaker 1: that we have lost trust over and over, we found
Speaker 1: that we cannot trust the United States government. We cannot
Speaker 1: trust the United States banking system. Um We the nations
Speaker 1: of the world just found out on February twenty six
Speaker 1: if they cannot trust um US treasuries to hold their savings.
Speaker 1: In Venezuela found out the hard way that they can't
Speaker 1: trust the UK to hold their gold for them. U
Speaker 1: s senators are calling to seize Russia's gold. They can't.
Speaker 1: Russia can't trust anybody with their gold. So in a
Speaker 1: world when there's no trust, what do you do? Well,
Speaker 1: as I said, all these nations are have been net
Speaker 1: buyers of gold and net sellers of treasuries. So each
Speaker 1: nation is holding more and more gold, um, but they're
Speaker 1: gonna have to hold it on their own. So Russia's
Speaker 1: gonna have to stir their own goal. And then this
Speaker 1: way those going to store their own gold, and China
Speaker 1: has to store their own gold, and uss to store
Speaker 1: there's et cetera. Because they can't trust each other with it, right,
Speaker 1: I mean, you can't trust you can't trust anybod anymore.
Speaker 1: So they have to cold their own But how how
Speaker 1: does that work? So now we have to trust that
Speaker 1: China has the gold they say they have. Russia, we
Speaker 1: have to trust Russia has the gold they say they have. Now,
Speaker 1: even if they put like a camera on the gold stack,
Speaker 1: on palates of gold, like live stream on YouTube, how
Speaker 1: do we still trust that? What if we know? How
Speaker 1: do we know it's not just like tungsten bars that
Speaker 1: have been painted painted gold. We heard about that happening
Speaker 1: in China. They had a bunch of fake gold bars
Speaker 1: that weren't really gold they said they were. So we
Speaker 1: can't trust China. We can't who can we trust? And
Speaker 1: even if we could trust them, how would that really work?
Speaker 1: I mean it's so big and slow and clunky. I mean,
Speaker 1: we're gonna we're like one of those um like one
Speaker 1: of those movies where like there's a drug deal going down.
Speaker 1: It's like give me the drugs. No, give me the cash.
Speaker 1: Now give me the drugs, give me the cash, right,
Speaker 1: And like how do you trust each other? And so
Speaker 1: how what? What is is a nation going to have
Speaker 1: to now load up their warship with gold and then
Speaker 1: transported to another country and hand deliver it. How in
Speaker 1: a world with no trust? How does it work? And
Speaker 1: even if we had the trust, like I said, it's
Speaker 1: so slow, it's so heavy, it's so clunky. Not only
Speaker 1: does it take forever, um, it's it's very expensive. Imagine
Speaker 1: sending you know, tons and tons of gold from one
Speaker 1: nation to another overseas. Like how much would that cost?
Speaker 1: It would cost millions, tens of millions of dollars to
Speaker 1: do that, It would take it would take months to
Speaker 1: even organize and and and do months and months and
Speaker 1: months and millions tens of millions to do that. That's
Speaker 1: that's not really gonna work. The friction, the friction is
Speaker 1: too high. So what other system do we have if
Speaker 1: we can if we can't trust each other, which we can't.
Speaker 1: The United States has proven it over and over n
Speaker 1: seventy one twenty two. We've been, We've been. They seized
Speaker 1: UK sees Venezuela's gold, the US seesed Afghanistan central banks money.
Speaker 1: I mean, we can't trust them as as a US citizen,
Speaker 1: I can't trust them as a nation, you can't trust them.
Speaker 1: So in a world without trust, like, how, how does
Speaker 1: it work? How can it work? What other options do
Speaker 1: we have? I mean, gold is the best option. We
Speaker 1: can go back to the gold standard, but we can
Speaker 1: see why it failed for so many reasons. And of course,
Speaker 1: like I said, in today's internet age, how does it work?
Speaker 1: How do I pay somebody in Venezuela or Argentina or
Speaker 1: else Salvador, Nicaragua or Africa over the internet. I have
Speaker 1: people that work for me all over the all over
Speaker 1: the world right now. How do I pay them in gold?
Speaker 1: I can't. It's not I'm gonna I'm gonna be able
Speaker 1: to send somebody, you know, a thousand dollars worth of
Speaker 1: gold like that. This is never gonna happen. So what
Speaker 1: other options do we have? We don't have any. The
Speaker 1: world stuck? How do we move forward? Oh wait, there
Speaker 1: is an idea. How about bitcoin? You see, bitcoin is
Speaker 1: what we call trust lists. A bitcoin is a network
Speaker 1: that I can send my asset peer to peer. It's
Speaker 1: I hold it, it's in my custody, and when I
Speaker 1: send it to you, I it goes directly from me
Speaker 1: to you. Now, the problem with the banking system we
Speaker 1: have as it goes through all these different banks, all
Speaker 1: these intermediaries. If I want to send you money on Venmo,
Speaker 1: it goes from my Venmo to my credit card, from
Speaker 1: my credit card to my bank, from my bank to
Speaker 1: your bank, to your bank, to your credit card, to
Speaker 1: your credit card to Venmo. So from my Venomo to
Speaker 1: your Venmo account goes through like six different people. Any
Speaker 1: one of those six people could see that. Just like
Speaker 1: the banking system today, they're sanction in Russia because they
Speaker 1: control the Swift system. They can control the money moving
Speaker 1: through all those gateways. But you see, bitcoin uses the
Speaker 1: different technology is peer to peer, meaning when I send
Speaker 1: you bitcoin, it goes from me to you. There's nobody
Speaker 1: in the middle that blocks or prevents that from happening,
Speaker 1: and so there's trust. There's trust because right now it's
Speaker 1: or I actually say, it's a trust list. I have
Speaker 1: to trust the government, I have to trust the bank
Speaker 1: to hold my gold and not steal it from me,
Speaker 1: which they've done before. At the trust that they're gonna
Speaker 1: give me a paper caltificate and not create more of
Speaker 1: it what they've done that before. But when I when
Speaker 1: I hold my money in bitcoin, it's trust list. Nobody
Speaker 1: can create more bitcoin, nobody can seize My bitcoin is
Speaker 1: trust lists. And if I want to send it to you,
Speaker 1: nobody can stop it black and prevented. It's trust less.
Speaker 1: And when I send it to you in exchange for
Speaker 1: the goods, then once you have it, it's in your posession.
Speaker 1: So similar to if I hold if I handed you gold,
Speaker 1: that's kind of and and like cash right like with cash, Um,
Speaker 1: if you're gonna do business with a store, you need
Speaker 1: to trust that store. Is that store going to deliver
Speaker 1: the goods and products that you buy? You need trust.
Speaker 1: I have to trust that store. But um, the store
Speaker 1: doesn't have to trust me. They don't know me. They
Speaker 1: don't have to trust me because I give them cash,
Speaker 1: So I trust them to give me a good product
Speaker 1: or service. But then they don't trust me because I
Speaker 1: give them cash. When I hand it over, it's done.
Speaker 1: And that's kind of what bitcoin does. It's like cash,
Speaker 1: it's in hand, but unlike cash that can be inflated
Speaker 1: away or in the bank, can be frozen or seized
Speaker 1: because I can't. So it's pretty interesting when you see
Speaker 1: the world breaking down the way it is right now
Speaker 1: and what's happened, especially with trust breaking down an all
Speaker 1: time low, and we're stuck in this system where you
Speaker 1: can't trust cash, you can't trust treasuries. Um. The only
Speaker 1: thing you can trust is gold, but only if you
Speaker 1: hold it in your own hand. But how do I
Speaker 1: trust that Russia or China or the US has the
Speaker 1: gold they say they have? The United States says they
Speaker 1: have about eight thousand tons of gold, but they've never
Speaker 1: allowed anyone to audit it, So why wouldn't they allow
Speaker 1: someone to audit if they really have. It doesn't doesn't
Speaker 1: inspire a lot of trust, does it. So we can
Speaker 1: go back to a gold system. That's the best option
Speaker 1: we have, But really, how does it work? It doesn't
Speaker 1: work in an age with no trust, and it doesn't
Speaker 1: work in an Internet age. So then what I'd like
Speaker 1: to say, If not bitcoin, then what I'd love to hear.
Speaker 1: Send me a message on Twitter at one Mark Moss
Speaker 1: and let me know, if not bitcoin, then what. I'm
Speaker 1: sure there's plenty of people listening to this. I think
Speaker 1: bitcoin stupid, it's dumb. You know, you got the Warren
Speaker 1: Buffet of the world calling it rat poison. Great, tell
Speaker 1: me what if bitcoin? If not bitcoin, then what? On Twitter?
Speaker 1: At one Mark Moss, you're listening to the markmas Show.
Speaker 1: We're talking about the decentralized revolution. The world is going
Speaker 1: through the intersection of politics, finance, and technology. Is changing
Speaker 1: the world as we know it right now. It just
Speaker 1: happened on February two. The world will never be the same.
Speaker 1: There's only one option moving forward. In my opinion, I'm
Speaker 1: pretty bolish on it, but I might have holes in
Speaker 1: my game. So I feel free to send me a message.
Speaker 1: And that's what I got for you today. Thanks for listening.