WEBVTT - The Mark Moss Show - Major Meltdown 0:00:00.000 --> 0:00:02.600 Hello, Welcome to another episode of The Markma Show, where 0:00:02.600 --> 0:00:05.320 we talk about bitcoin, we talk about cryptocurrencies, we talk 0:00:05.440 --> 0:00:09.000 about the decentralized revolution that we're living through that we're 0:00:09.000 --> 0:00:12.760 witnessing right now, and it's apparent from a bunch of 0:00:12.800 --> 0:00:16.600 different standpoints. It's apparent where we can see the centralization 0:00:16.680 --> 0:00:21.240 of governments, the centralization of money, the centralation of healthcare, 0:00:21.560 --> 0:00:23.120 all of that at an all time I and at 0:00:23.160 --> 0:00:25.600 the same time an equal and opposite reaction. It's being 0:00:25.640 --> 0:00:29.040 pushed back, it's being rejected everywhere, and we're seeing how 0:00:29.760 --> 0:00:35.280 centralized finances somewhat under attack from decentralized finance, except for 0:00:35.880 --> 0:00:39.960 it's more like centralized finances actually attacking the decentralized finance 0:00:40.080 --> 0:00:42.360 right now. I've been talking a lot about that UM 0:00:42.400 --> 0:00:44.600 in some previous segments. I'm not gonna go super deep 0:00:44.720 --> 0:00:49.240 into it, but we can see that this supposed decentralized 0:00:49.280 --> 0:00:55.040 finances defied spaces under attack and potentially bringing down not 0:00:55.080 --> 0:00:58.120 just the cryptocurrency space, but a lot of the traditional 0:00:58.240 --> 0:01:00.880 finance space at all. But of course it's a traditional 0:01:00.920 --> 0:01:05.000 finance space that it's attacking it. UM, And there's just 0:01:05.040 --> 0:01:08.240 so much going on here UM because of this, Uh, 0:01:08.440 --> 0:01:11.600 we'll call it a meltdown almost if you will. I mean, 0:01:11.640 --> 0:01:14.440 we see some of these cryptocurrency positions are down fifty 0:01:14.520 --> 0:01:18.279 sixty most of the defied protocols are down over eight percent, 0:01:18.760 --> 0:01:21.800 and then of course the bitcoin miners, UM, the exchanges 0:01:21.800 --> 0:01:26.600 like coin base are getting completely hammered. We saw this week. 0:01:26.720 --> 0:01:29.080 UM lots of earning reports have been coming out from 0:01:29.080 --> 0:01:31.559 all different types of companies and they're not looking good. 0:01:31.640 --> 0:01:35.120 Most companies are losing lots of money, and one of 0:01:35.160 --> 0:01:38.640 them in the cryptocurrency spaces coin Base now coin base 0:01:39.440 --> 0:01:41.959 coin bas is one of the largest exchanges, one of 0:01:42.000 --> 0:01:44.440 the oldest exchanges. They've been helping people get into bitcoin 0:01:44.480 --> 0:01:48.240 since I think about twenty sixteen, maybe earlier. If I'm wrong, 0:01:48.320 --> 0:01:50.160 so apologizes I didn't look that up ahead of time. 0:01:50.640 --> 0:01:52.200 But they've been around a long time and they've helped 0:01:52.360 --> 0:01:54.960 millions and millions and millions of people get into bitcoin. 0:01:55.080 --> 0:01:57.640 Of course, over the years, they started get into all 0:01:57.680 --> 0:02:01.520 the different cryptocurrency assets that are out there, and they're 0:02:01.520 --> 0:02:04.600 not really the biggest friends of bitcoin to say the least, 0:02:04.640 --> 0:02:07.200 which is why I typically like to UM send my 0:02:07.200 --> 0:02:11.280 bitcoin business over to Swan Bitcoin or River or companies 0:02:11.320 --> 0:02:14.720 that are more friendly just specifically to bitcoin. But coin 0:02:14.760 --> 0:02:17.800 Base has moved into this kind of cryptocurrency casino, if 0:02:17.840 --> 0:02:21.480 you will, and they have been hit very, very hard, 0:02:21.600 --> 0:02:24.960 I believe partially because they have a massive amount of 0:02:25.000 --> 0:02:28.400 their money in those cryptocurrencies, as well as as prices 0:02:28.400 --> 0:02:30.760 have been continuing to fall. We basically have been off 0:02:30.800 --> 0:02:33.600 of our high since last November. UM as the market 0:02:33.600 --> 0:02:35.800 has been continuing to fall, people don't want to buy 0:02:35.840 --> 0:02:40.040 as much, and they make their money from transactions from exchanges, 0:02:40.080 --> 0:02:41.919 and if people aren't doing that, they're not making much money. 0:02:43.360 --> 0:02:47.799 We saw we saw that the founder, the CEO s 0:02:47.919 --> 0:02:52.840 net worth has dropped from about almost fourteen billion in 0:02:52.919 --> 0:02:55.239 November of last year down to about two and a 0:02:55.360 --> 0:02:59.120 half billion today two point two billion today, which UM 0:02:59.160 --> 0:03:01.560 two point two billions. Still a lot of money. I'm 0:03:01.560 --> 0:03:03.000 sure each of us would be happy to have that 0:03:03.040 --> 0:03:05.280 amount of money, but you know, you don't understand his 0:03:05.280 --> 0:03:08.000 whole situation, and losing that much could be bad, especially 0:03:08.040 --> 0:03:11.480 if you were levered up against that using debt at all, 0:03:11.560 --> 0:03:13.600 which I don't know if he was. I'm not using 0:03:13.600 --> 0:03:17.200 that speculation, but it seems like the hits on coin 0:03:17.280 --> 0:03:21.200 Base just continue to just continue to mount up on it. Now. 0:03:21.280 --> 0:03:24.760 Coin Base is a publicly traded company. It's called coin 0:03:24.919 --> 0:03:29.440 c O I N. And part of their reports that 0:03:29.440 --> 0:03:31.840 they put out are, you know, obviously on their financials 0:03:32.240 --> 0:03:35.520 um explaining how they lost all their revenues. It wasn't 0:03:35.560 --> 0:03:38.000 too good, but some of the other parts that came 0:03:38.040 --> 0:03:40.800 out in their reports were much more alarming, to say 0:03:40.800 --> 0:03:44.920 the least. Now in bitcoin and probably in greater crypto 0:03:45.040 --> 0:03:48.080 you might hear as well, but we say, um in bitcoin, 0:03:48.240 --> 0:03:52.440 not your keys, not your coins. So what does that mean? Well, 0:03:53.280 --> 0:03:56.760 if you don't have your keys, then somebody else does. 0:03:57.720 --> 0:04:00.320 And I mean somebody else has the keys? Who your 0:04:00.320 --> 0:04:02.320 own coins? Which means if you don't have the keys, 0:04:02.440 --> 0:04:04.200 you don't really have the coins. Whoever has the keys 0:04:04.240 --> 0:04:09.120 does um. And this is uh the information that came 0:04:09.160 --> 0:04:13.200 out on coin base in regards to that specifically, it's 0:04:13.240 --> 0:04:16.040 pretty bad, it's pretty scary. It's been making big ripples 0:04:16.080 --> 0:04:18.600 around the cryptocurrency space, and I want to bring it 0:04:18.640 --> 0:04:20.479 to you because it is dangerous and you need to 0:04:20.480 --> 0:04:23.000 know about it now to kind of frame this up. 0:04:23.040 --> 0:04:24.320 If you don't know what I'm talking about, what the 0:04:24.360 --> 0:04:26.520 heck are keys I'm gonna give you a super high 0:04:26.600 --> 0:04:29.000 level view. Okay, Um, I'm not gonna spend a lot 0:04:29.000 --> 0:04:31.159 of time. There's a lot of channels and podcasts and 0:04:31.200 --> 0:04:33.320 shows that go in more depth into this. But let's 0:04:33.320 --> 0:04:36.240 think about it like this. The oldest problem that mankind 0:04:36.279 --> 0:04:39.120 has had is how do I secure my property in 0:04:39.120 --> 0:04:41.560 a way that can't be stolen. That's the oldest problem 0:04:41.560 --> 0:04:43.160 that I know of. I guess where do I get food? 0:04:43.240 --> 0:04:46.320 That's probably an older problem, But one of the oldest 0:04:46.320 --> 0:04:47.960 problem that my kind has ad is how do I 0:04:48.040 --> 0:04:50.279 keep my food that I've stored up from being stolen? 0:04:50.440 --> 0:04:53.479 How do I protect my property from being stolen? And so, 0:04:53.520 --> 0:04:55.760 of course we we band together. You know, a couple 0:04:55.760 --> 0:04:57.720 of guys get together. We make a village, we make 0:04:57.760 --> 0:05:00.240 a kingdom, we make a country. The role of United 0:05:00.240 --> 0:05:02.719 States is to protect the private property of its citizens. 0:05:02.760 --> 0:05:05.479 That's always the role. And so money has been the 0:05:05.520 --> 0:05:08.480 best store I'm sorry, gold has been the best storehold 0:05:08.520 --> 0:05:10.919 of wealth for thousands of thousands of years. And so 0:05:10.960 --> 0:05:14.120 we'd store our wealth in gold a little bit. We 0:05:14.160 --> 0:05:16.080 could bury it in that hide and the house, we 0:05:16.080 --> 0:05:18.400 could bury it in the in the yard, make a 0:05:18.480 --> 0:05:20.560 make a make a treasure map out to where we 0:05:20.720 --> 0:05:22.880 stash that gold. If we had a lot of gold, 0:05:22.880 --> 0:05:25.640 we might want to build a vault, um, build walls 0:05:25.640 --> 0:05:28.800 around it, higher security things like that. I've just spent 0:05:28.839 --> 0:05:31.799 a lot of time, effort, energy and money to secure 0:05:31.839 --> 0:05:34.360 that wealth, and then how would I move it? Right? 0:05:34.400 --> 0:05:36.960 It's very difficult. So that's one of the oldest problems 0:05:36.960 --> 0:05:39.800 that mankind has had, protecting my private property. Will bitcoins 0:05:39.839 --> 0:05:44.400 solve that problem? Now? How big will bitcoin be in 0:05:44.440 --> 0:05:47.640 the future, I don't know, But when you solve the 0:05:47.680 --> 0:05:51.680 oldest problem that mankind has had, it's pretty massive. It's 0:05:51.680 --> 0:05:54.040 a pretty big deal. I don't know all the ways 0:05:54.080 --> 0:05:55.679 it's gonna affect things. I have a lot of ideas 0:05:55.680 --> 0:05:58.640 about that I talked about pretty regularly. But how does 0:05:58.680 --> 0:06:01.760 it do that? Well, it's or it protects it cryptographically 0:06:01.839 --> 0:06:04.520 using cryptography. It protects it and as long as I 0:06:04.560 --> 0:06:08.280 have my cryptographic key that allows me to transact with it, 0:06:08.480 --> 0:06:10.719 then I can do what I want. Think about bitcoin 0:06:10.800 --> 0:06:13.359 as like this digital locker system. So you have a 0:06:13.360 --> 0:06:15.520 locker at the high school or the train station, airport, 0:06:16.360 --> 0:06:18.200 and in that locker you have a public address my 0:06:18.240 --> 0:06:21.160 locker c. Nineteen Hey, would you go put this envelope 0:06:21.160 --> 0:06:24.440 in my locker C. Nineteen That would be my public address. Well, 0:06:24.440 --> 0:06:27.919 then I also have a key, my private key, that 0:06:28.000 --> 0:06:30.400 allows me to get in that locker and move the contents. 0:06:30.640 --> 0:06:33.320 So what you have with bitcoin or cryptocurrency is you 0:06:33.320 --> 0:06:36.920 have a public address and a private key, and having 0:06:37.000 --> 0:06:39.799 my private key allows me to have access to move 0:06:39.920 --> 0:06:43.240 those coins as I see fit. You never actually download them, 0:06:43.240 --> 0:06:44.680 they're living up there in the cloud. You just have 0:06:44.680 --> 0:06:47.400 that cryptographic key. Now, if you use a wallet on 0:06:47.440 --> 0:06:50.680 your phone, like an app wallet or hardware wallet, what 0:06:50.760 --> 0:06:53.760 those do is they store that key, and so by 0:06:54.040 --> 0:06:56.960 using my app it uses my key to to do 0:06:56.960 --> 0:06:58.640 the transaction. Or if I use a hard wall and 0:06:58.680 --> 0:07:00.479 I can plug it into my computer to sign that 0:07:00.560 --> 0:07:04.400 transaction and then I can do whatever transfer I want 0:07:04.440 --> 0:07:07.760 from there. The problem is if I use someone like 0:07:07.839 --> 0:07:11.440 coin base, my coins are on coin Base, and what 0:07:11.520 --> 0:07:14.240 that means is they have my keys, and so we 0:07:14.320 --> 0:07:15.640 say not your key is not your coin. If I 0:07:15.720 --> 0:07:18.680 don't have my key, somebody else has it. Now the 0:07:18.720 --> 0:07:21.800 problem is, well, there's there's there's pros and cons. So 0:07:21.880 --> 0:07:25.120 if I have my own, then um, the securities on me. 0:07:25.200 --> 0:07:27.000 If someone hacks my phone or I lose my key, 0:07:27.000 --> 0:07:29.600 that's on me. But if coin base does it, they 0:07:29.640 --> 0:07:32.360 can protect my key. But what if they decide not 0:07:32.480 --> 0:07:34.240 to give it back to me. What if the government 0:07:34.280 --> 0:07:38.360 says freeze that account? What if something like that happens. Well, um, 0:07:37.960 --> 0:07:40.520 if news came out disclosure came out today that it 0:07:40.600 --> 0:07:43.520 says uh in their disclosure says quote in the event 0:07:43.560 --> 0:07:48.800 of a bankruptcy customers. Um. Moreover, because custodio held cryptastics 0:07:48.840 --> 0:07:51.640 may be considered to be the property of a bankruptcy estate. 0:07:51.680 --> 0:07:54.120 In the event of a bankruptcy, the cryptiastics we hold 0:07:54.160 --> 0:07:57.760 in custody on behalf of our customers could be subject 0:07:58.040 --> 0:08:01.880 to bankruptcy proceedings, and such customers could be treated as 0:08:01.880 --> 0:08:06.200 our general unsecured creditors. So what that means is that 0:08:06.280 --> 0:08:09.080 if they were to go through some sort of a 0:08:09.120 --> 0:08:12.840 bankruptcy type proceeding, then your assets that you think are 0:08:12.880 --> 0:08:16.640 your assets aren't actually yours. The assets that you think 0:08:16.800 --> 0:08:20.960 are yours are there's they owe them to you. But 0:08:21.040 --> 0:08:23.840 in a bankruptcy proceeding they would be included in their 0:08:23.960 --> 0:08:27.600 sale and what you would get would be nothing. So 0:08:27.880 --> 0:08:30.440 if the government says, hey, freeze those assets. Hey, they 0:08:30.560 --> 0:08:33.600 don't allow them to withdraw anymore. Um, something like that 0:08:33.640 --> 0:08:37.079 would happen, or they'd get into financial problems like not 0:08:37.160 --> 0:08:41.079 having any revenue, being down something like that, and they 0:08:41.080 --> 0:08:44.839 were forced into a bankruptcy. They could potentially take your assets. 0:08:44.920 --> 0:08:46.839 So as we say, not your keys, not your coin. 0:08:46.960 --> 0:08:51.000 Get your bitcoin off the exchange right now. UM. You 0:08:51.000 --> 0:08:53.120 can use a hardware wallet. I'd like to use treads 0:08:53.240 --> 0:08:55.680 or it's probably the easiest one. Cold card is probably 0:08:55.679 --> 0:08:57.920 the most secure one. You can use one of those, 0:08:58.120 --> 0:09:01.040 or you could use a UM constant years multi sticks 0:09:01.080 --> 0:09:03.640 set up like I used with unchained capital. That's what 0:09:03.679 --> 0:09:06.800 I'd recommend. But whatever you do, get your bitcoin off 0:09:06.840 --> 0:09:10.800 the exchanges. We've just found out that per coin bases 0:09:11.120 --> 0:09:14.559 own UM statement. In the evident of bankruptcy, you could 0:09:14.600 --> 0:09:17.120 lose all your bitcoin. You're listening to the Markmas Show. 0:09:17.240 --> 0:09:20.600 We're talking about bitcoin, cryptocurrencies and the decentralized revolution, trying 0:09:20.600 --> 0:09:23.320 to help you navigate this world that we're going through 0:09:23.400 --> 0:09:26.160 right now. I have a lot more news about the world, 0:09:26.280 --> 0:09:28.280 the financial system and the risk that we are facing 0:09:28.400 --> 0:09:30.680 right now. So don't go away. I'll be right back, 0:09:31.160 --> 0:09:33.200 all right, welcome back. You are listening to another episode 0:09:33.200 --> 0:09:35.120 of the Markmas Show. We're talking about bitcoin, we're talking 0:09:35.160 --> 0:09:38.240 about cryptocurrencies. We're talking about the decentralized revolution, and we 0:09:38.320 --> 0:09:41.280 focus on the changes that it's making too the world. 0:09:41.280 --> 0:09:43.160 So you can navigate this correctly and really like to 0:09:43.200 --> 0:09:45.760 look at um you know these three cycles that I 0:09:45.800 --> 0:09:50.160 talked about all the time, and it's the intersection of politics, finance, 0:09:50.480 --> 0:09:54.839 and technology. The converging of those three things is really 0:09:54.880 --> 0:09:56.920 where the change is happening. So I let's look at 0:09:56.960 --> 0:09:59.760 like politics as relates to finance, and finances relates to politics, 0:09:59.760 --> 0:10:01.480 and off course we look at technology, which of course 0:10:01.679 --> 0:10:05.920 to me is bitcoin and cryptocurrencies. And so um man, 0:10:06.880 --> 0:10:09.600 there's some stuff going on today. Um we we saw 0:10:09.760 --> 0:10:13.359 this week the government put out its new numbers on inflation. 0:10:13.720 --> 0:10:15.800 It's trying to get a handle on inflation as fast 0:10:15.840 --> 0:10:17.760 as they can. That means the way they call it 0:10:17.840 --> 0:10:20.160 is they're trying to get a handled on prices going up. 0:10:20.360 --> 0:10:22.440 The cost of goods and services is going up so 0:10:22.480 --> 0:10:25.839 fast that it's causing a real problem for people. And 0:10:25.960 --> 0:10:28.679 uh hooray they got it to slow down a little bit. 0:10:28.720 --> 0:10:31.240 We went from an eight percent increase of inflation or 0:10:31.360 --> 0:10:34.760 CPI or price inflation to eight point five and now 0:10:34.760 --> 0:10:37.800 back down to eight point three. Doesn't mean prices are reversing. 0:10:38.080 --> 0:10:40.520 What it means is that things are just going up 0:10:41.400 --> 0:10:44.160 a tad bit slower than they were before. Now what 0:10:44.360 --> 0:10:46.640 is the government? What is it, you know, as central bank, 0:10:46.679 --> 0:10:49.160 the Federal Reserve doing to try to slow down this 0:10:49.240 --> 0:10:53.480 price appreciation while they're trying to slow down the financial markets. 0:10:53.800 --> 0:10:57.360 So the Federal Reserve has been stimulating the financial markets 0:10:57.400 --> 0:11:01.200 by doing two things. One by by bonds, by buying 0:11:01.240 --> 0:11:04.360 mortgage by securities, so propping up the debt markets. And 0:11:04.520 --> 0:11:08.839 two by lowering interest rates so people continue to borrow 0:11:08.840 --> 0:11:11.240 more and spend more money or creates more money into 0:11:11.280 --> 0:11:14.360 existence through that debt. Now, what they're trying to do 0:11:14.480 --> 0:11:16.880 is they're trying to raise the interest rates because as 0:11:16.960 --> 0:11:20.880 they raise the interest rates, less money is created. Right Well, 0:11:20.880 --> 0:11:24.200 that's what they're telling you. And so your financial portfolios, 0:11:24.200 --> 0:11:28.640 your retirement accounts are melting down right now because the 0:11:28.640 --> 0:11:31.880 government is trying to suck some of the stimulus out 0:11:32.040 --> 0:11:34.720 that they put in. I mean, this is just absurd. 0:11:34.920 --> 0:11:38.280 So they pump a bunch of money in by lowering rates, 0:11:38.280 --> 0:11:40.120 so people take on a bunch of debt and literally 0:11:40.280 --> 0:11:43.280 pumping money in the markets by buying debt, and then 0:11:43.640 --> 0:11:46.360 it starts going too hot, so they suck it back out, 0:11:46.800 --> 0:11:51.319 so they cause boom bust, boom bust. They lower rates 0:11:51.320 --> 0:11:54.360 and buy the debt, push it up, and they raise rates, 0:11:54.400 --> 0:11:56.040 and they suck the debt back out and they trying 0:11:56.040 --> 0:11:58.120 to drop it back down. The problem is these boom 0:11:58.120 --> 0:12:01.120 and bust cycles keep getting bigger and bigger and bigger, 0:12:01.600 --> 0:12:05.240 and now they're causing the entire markets to melt down. 0:12:05.559 --> 0:12:10.240 You're watching your retirement accounts dwindle away. You're watching, um, 0:12:10.280 --> 0:12:14.800 everything including your DeFi protocol is dropping. We're watching most 0:12:14.800 --> 0:12:20.960 cryptocurrencies down, even bitcoins down in the last week. UM. 0:12:21.000 --> 0:12:23.800 All those numbers were in the last week. And just 0:12:23.920 --> 0:12:27.680 when we think that it couldn't get worse, UM, when 0:12:27.760 --> 0:12:31.720 the government seemingly doesn't have any money or doesn't want 0:12:31.720 --> 0:12:34.680 to continue to push inflation by creating more money, UM, 0:12:34.880 --> 0:12:36.800 we can't deal with the problems that we even have 0:12:36.840 --> 0:12:39.080 in the United States, and so now we have all 0:12:39.120 --> 0:12:44.040 types of shortage things like that. We have the FEDS 0:12:44.240 --> 0:12:46.520 trying to do or the government trying to send forty 0:12:46.679 --> 0:12:51.200 billion dollars to Ukraine. What the heck does that mean? 0:12:52.000 --> 0:12:54.400 Pretty interesting story that I was reading here this week 0:12:54.840 --> 0:12:59.559 talking about how Congress refuses to address our own crisiss 0:12:59.559 --> 0:13:02.679 we have in the States. Um, but yet we want 0:13:02.679 --> 0:13:04.920 to send more money to Ukraine. As a matter of fact, Um, 0:13:05.040 --> 0:13:07.400 they had only asked for the President Joe Biden only 0:13:07.400 --> 0:13:10.320 asked for thirty three billion. Now when I say, only 0:13:11.160 --> 0:13:14.440 to put that into perspective, we throw around billions and 0:13:14.480 --> 0:13:17.760 trillions like it's nothing anymore. It's insane. We lose sight 0:13:17.800 --> 0:13:20.320 of how big that is. If we put those numbers 0:13:20.320 --> 0:13:28.120 into seconds. A million seconds was eleven days ago, a 0:13:28.320 --> 0:13:32.559 billion seconds it was thirty one years ago, so from 0:13:32.559 --> 0:13:36.080 eleven days to thirty one years and seconds. But a 0:13:36.200 --> 0:13:41.840 trillion seconds is thirty one thousand years. So a billion 0:13:41.920 --> 0:13:46.440 is thirty one years, a trillions thirty one thousand years. 0:13:47.040 --> 0:13:50.160 So to put that into perspective, they had only asked president, 0:13:50.200 --> 0:13:53.280 but only asked for thirty three million. But that wasn't enough. 0:13:53.960 --> 0:13:56.640 The U. S. House of Representatives said no, let's actually 0:13:56.720 --> 0:14:00.800 give them more. Let's give them forty billion in US 0:14:00.880 --> 0:14:05.160 taxpayer dollars to Ukraine. Because you know taxpayers, us taxpayers, 0:14:05.320 --> 0:14:08.080 they're having a great time. I mean, shoot, your cost 0:14:08.120 --> 0:14:11.120 of living is going down, right, No, your cost of 0:14:11.160 --> 0:14:14.280 living is going up. So why not just raise taxes 0:14:14.320 --> 0:14:16.400 to the by administration? Of course, raised taxes and let's 0:14:16.400 --> 0:14:18.640 just send that money to Ukraine. Sounds like a pretty 0:14:18.640 --> 0:14:20.760 good deal now, never mind the problems that we have 0:14:20.840 --> 0:14:25.760 here at home, Like the Department of Homeland Security admitted 0:14:25.760 --> 0:14:30.960 that they've let almost one million illegal aliens in through 0:14:31.000 --> 0:14:35.920 the southern border this year. Now, when, uh, when we 0:14:35.960 --> 0:14:38.840 tried to get four billion dollars to build the wall 0:14:38.960 --> 0:14:42.920 up down there to protect this invasion of a million 0:14:43.160 --> 0:14:46.560 people coming in the southern border, we couldn't find four 0:14:46.560 --> 0:14:49.160 billion dollars in the budget. But now we can find 0:14:49.320 --> 0:14:53.400 forty billion dollars to go help another country with their border. 0:14:53.440 --> 0:14:59.400 Pretty interesting. Um, never mind record inflation, never mind federal deficits, um, 0:14:59.480 --> 0:15:02.280 never minded the AVAPT. Now this bill was quickly sent 0:15:02.360 --> 0:15:04.560 over there. Um. I'm not blaming it on one party 0:15:04.640 --> 0:15:07.960 or the or the other. It seems to be, um, 0:15:08.120 --> 0:15:10.360 a unanimous decision to send all this money over there. 0:15:10.840 --> 0:15:13.520 Question I like to have is like where does that 0:15:13.640 --> 0:15:17.040 money go? Pretty interesting? And that's what I want to 0:15:17.080 --> 0:15:19.000 want to talk about for a minute, where does that 0:15:19.040 --> 0:15:23.120 money go? Forty billion dollars sounds pretty good. UM, So 0:15:23.160 --> 0:15:30.040 it's hr the Ukraine Emergency Supplemental Appropriations Act. Forty billion dollars. 0:15:30.080 --> 0:15:34.960 How much of that goes into Zelensky's pocket? Now, Zelenski, Uh, 0:15:35.000 --> 0:15:37.960 you may or may not be aware. First of all, Um, 0:15:38.000 --> 0:15:40.280 I'm not pro putin, I'm not pro war, I'm not 0:15:40.320 --> 0:15:44.280 pro death. I like peace. But Ukraine is not a 0:15:44.320 --> 0:15:47.480 peaceful democracy either. They were ranked ninety on a scale 0:15:47.480 --> 0:15:51.320 of uh in um in a rating of how corrupt 0:15:51.360 --> 0:15:54.320 they are. UM. Zelensky was an actor who came to 0:15:54.400 --> 0:15:59.160 power by putting his democratically elected people in prison and 0:15:59.320 --> 0:16:01.880 taking over power our Um. So, just just so you 0:16:01.920 --> 0:16:03.440 know that, and so we want to give them all 0:16:03.440 --> 0:16:05.240 this money. Let's take a look at where this goes. 0:16:05.280 --> 0:16:10.600 So we have, UM, let's see, we have sixty seventeen 0:16:10.640 --> 0:16:15.480 billion for Department of Defense Operation and maintenance, one million 0:16:15.560 --> 0:16:20.880 for army missiles. We have another another billion, another million 0:16:20.920 --> 0:16:24.680 for defense working capital funds, fourteen million for defense health programs, 0:16:25.560 --> 0:16:29.040 fifty four million for c d C activities. Uh. I 0:16:29.080 --> 0:16:30.760 want to make sure nobody gets COVID over there. I 0:16:30.760 --> 0:16:35.560 suppose we have a billion for administration. That sounds pretty good, 0:16:36.240 --> 0:16:40.680 UM ten million for Department of State Capital Investment funds. 0:16:40.760 --> 0:16:43.040 I guess we need to invest into that. I mean, 0:16:43.120 --> 0:16:47.680 it's just insane. We have forty billion dollars that's going 0:16:47.720 --> 0:16:50.920 into this giant black hall to all their friends. And 0:16:50.960 --> 0:16:54.600 so just remember that when they talk about UM they 0:16:54.600 --> 0:16:57.440 need to destroy the markets to prevent prices from going up, 0:16:57.480 --> 0:16:59.480 and then they just want to send a billion dollars 0:16:59.480 --> 0:17:02.120 over there to U crane UM. Learn to read between 0:17:02.160 --> 0:17:04.760 the lines. And of course I would recommend uh, if 0:17:04.800 --> 0:17:07.199 you're not happy with that, If you object with your 0:17:07.240 --> 0:17:10.120 taxpayer dollars going into that like I do, UH, maybe 0:17:10.119 --> 0:17:12.800 you should do something about it. You could talk about it. 0:17:13.040 --> 0:17:15.920 You could write your local congressmend your representatives, and let 0:17:15.960 --> 0:17:18.199 them know how you feel about that. This is not 0:17:18.280 --> 0:17:21.399 a right or left position, in my opinion, this is 0:17:21.440 --> 0:17:24.320 an American taxpayer position. I want to know where the 0:17:24.400 --> 0:17:26.840 heck does my forty billion dollars go? And I can 0:17:26.840 --> 0:17:29.720 tell you that I object to where that money is going. 0:17:30.080 --> 0:17:31.880 So I thought you would just like to see where 0:17:31.920 --> 0:17:36.159 some of that crazy amount went. UM for additional funds 0:17:36.160 --> 0:17:39.680 for munitionance procurement. I mean, I could just go on 0:17:39.720 --> 0:17:42.560 and on and on air four billion for foreign military 0:17:42.560 --> 0:17:45.840 financing programs. UM. Anyway, you listen to the Markmas Show. 0:17:45.880 --> 0:17:49.160 We're talking about UM, this decentralized revolution. This is part 0:17:49.160 --> 0:17:52.119 of the world breaking apart um, the the centralization of 0:17:52.119 --> 0:17:54.399 the world breaking apart of course, the United States is 0:17:54.520 --> 0:17:56.040 taking money that we should be using our own country 0:17:56.040 --> 0:17:59.399 and given to other countries to further break this down. 0:17:59.520 --> 0:18:02.639 It's pretty and interesting to watch. UM you listen to 0:18:02.720 --> 0:18:04.800 the Markmas Show. I have a lot more to cover, 0:18:05.080 --> 0:18:07.400 so do not go away, all right, welcome back here, 0:18:07.400 --> 0:18:10.000 listening to the Mark ma Show. We're talking about bitcoin. 0:18:10.040 --> 0:18:13.800 We're talking about the decentralized revolution. We're talking about UM, 0:18:13.880 --> 0:18:17.320 the intersection of politics, finance and technology, trying to navigate 0:18:17.400 --> 0:18:21.119 this crazy world and make sense of it both financially. 0:18:21.240 --> 0:18:23.240 And what I like to I like to focus on 0:18:23.400 --> 0:18:27.080 is UM what I call financial sovereignty. And so really 0:18:27.119 --> 0:18:31.199 it's about money and it's about sovereignty UM, which you 0:18:31.200 --> 0:18:34.920 can call freedom. I call sovereignty being able to direct 0:18:35.000 --> 0:18:36.560 my life as I see fit. And so we use 0:18:36.680 --> 0:18:39.520 money to give us that freedom. And so I like 0:18:39.600 --> 0:18:42.440 to look at things holistically so I can learn to 0:18:42.520 --> 0:18:45.919 navigate this, protect myself my family from it. Some of 0:18:45.920 --> 0:18:49.360 the things that's been interesting, UM paying attention to UM. 0:18:49.400 --> 0:18:51.200 That's really been catching my eye all lately, and I've 0:18:51.200 --> 0:18:54.439 talked about quite a bit, is UM the way the 0:18:54.640 --> 0:18:58.080 entire world has been shaken up by Elon Musk's and 0:18:58.200 --> 0:19:01.359 his bid or his plan and to take over Twitter. 0:19:01.760 --> 0:19:05.800 Now it's interesting because as Twitter moved to censor and 0:19:05.840 --> 0:19:10.760 delete accounts, banned people, d platform people left and right. UM. 0:19:10.840 --> 0:19:14.359 When it was along with one political ideology, it was 0:19:14.400 --> 0:19:17.720 perfectly fine. However, when somebody else comes on and says 0:19:17.760 --> 0:19:20.439 they want to open it up UM for more free speech, 0:19:20.480 --> 0:19:23.400 meaning that they want to take a much less aggressive 0:19:23.480 --> 0:19:28.920 stance on UM stopping what people say and even permanently 0:19:28.920 --> 0:19:32.200 banning people, that becomes a big problem. Now I look 0:19:32.240 --> 0:19:34.760 at this two ways. So Elon must says he wants 0:19:34.760 --> 0:19:37.040 to buy Twitter so he could open it up to 0:19:37.119 --> 0:19:41.320 more free speech. Okay, that's pretty good in my opinion. 0:19:41.440 --> 0:19:43.879 I believe in free speech. I believe in free speech 0:19:43.920 --> 0:19:47.000 because I believe that the truth is found through speech. 0:19:47.280 --> 0:19:50.439 The truth is found through discussion. I might think I 0:19:50.480 --> 0:19:52.720 have an idea. You might think you have an idea. 0:19:53.040 --> 0:19:56.439 We should openly discuss that idea. We should debate that idea. 0:19:56.680 --> 0:19:59.159 We should probably bring other people in on the discussion, 0:19:59.400 --> 0:20:03.200 and through that discussion, going back with ideas, we learned 0:20:03.240 --> 0:20:06.040 from each other, and eventually we find this understanding, we 0:20:06.119 --> 0:20:10.280 find what the truth is. That's why free speech is 0:20:10.320 --> 0:20:14.479 so important. Free speech is is important for sharing those ideas, 0:20:14.480 --> 0:20:17.199 which then leads to progress, which then leads to more creativity, 0:20:17.440 --> 0:20:20.360 which the leads to more ingenuity and inventions and products 0:20:20.359 --> 0:20:27.120 and services and so much more. Um However, apparently some 0:20:27.200 --> 0:20:30.560 people think that you're not smart enough to handle hearing 0:20:30.720 --> 0:20:33.199 things that you don't like to hear, and so it 0:20:33.280 --> 0:20:37.520 was interesting to see how uh mainstream media seemed to 0:20:37.880 --> 0:20:41.919 erupt over the fact that somebody would buy a social 0:20:41.960 --> 0:20:45.560 media platform to give it free speech. Now, what was 0:20:45.600 --> 0:20:48.760 interesting is when thousands of thousands of people have been 0:20:48.800 --> 0:20:52.760 d platformed, including the active sitting president of the United States, 0:20:53.359 --> 0:20:56.120 people said, it's fine. Twitter is a private company. They 0:20:56.119 --> 0:20:59.440 can do what they want. It's not a tricky situation. 0:20:59.520 --> 0:21:01.680 I do believe that a private business should be able 0:21:01.680 --> 0:21:03.639 to do what they want. A private business is my 0:21:03.720 --> 0:21:06.000 private property. I should be able to do with that 0:21:06.080 --> 0:21:09.000 business what I want. If I want to serve this 0:21:09.080 --> 0:21:11.680 customer or not, that should be up to me. Now, 0:21:11.720 --> 0:21:13.840 growing up, you would typically see like an establishment and 0:21:14.000 --> 0:21:16.919 say we reserve the right to refuse service, right, and 0:21:16.920 --> 0:21:19.000 so they should be able to they can choose what 0:21:19.040 --> 0:21:21.000 they do want to do. It's private business, and so 0:21:21.040 --> 0:21:23.200