1 00:00:00,040 --> 00:00:02,520 Speaker 1: Hello, and welcome back to another episode of the Markmas Show, 2 00:00:02,520 --> 00:00:05,600 Speaker 1: where we talk about the decentralized revolution, talking about the 3 00:00:05,600 --> 00:00:07,920 Speaker 1: way the world is changing or right before our very eyes, 4 00:00:08,000 --> 00:00:11,360 Speaker 1: as we go from a world of centralization to decentralization, 5 00:00:11,360 --> 00:00:14,120 Speaker 1: and we look at it through the lens of politics, finance, 6 00:00:14,240 --> 00:00:17,479 Speaker 1: and technology, and of course that technology is bitcoin, the 7 00:00:17,600 --> 00:00:21,160 Speaker 1: decentralized technology that is changing the world. And of course 8 00:00:21,360 --> 00:00:22,840 Speaker 1: you know, each and every week I try to bring 9 00:00:22,840 --> 00:00:27,080 Speaker 1: to you a different perspective. I try to bring to you, 10 00:00:27,080 --> 00:00:29,640 Speaker 1: you know, some stories, some narratives, some ways to look 11 00:00:29,640 --> 00:00:32,840 Speaker 1: at stories differently, so you can start to expand your mind, 12 00:00:32,920 --> 00:00:34,960 Speaker 1: expand your thinking, and start to look at things differently. 13 00:00:35,000 --> 00:00:36,800 Speaker 1: I want to bring to you some of the latest 14 00:00:36,880 --> 00:00:40,240 Speaker 1: breaking news so you can see this happening in real time. 15 00:00:40,800 --> 00:00:42,360 Speaker 1: And that's what I have for you today. I have 16 00:00:42,479 --> 00:00:45,280 Speaker 1: some really big news this week. My job gets easier 17 00:00:45,280 --> 00:00:47,120 Speaker 1: and easier because there is so much going on in 18 00:00:47,159 --> 00:00:49,080 Speaker 1: the world that you need to be aware of. And 19 00:00:49,400 --> 00:00:50,839 Speaker 1: the reason why you need to be aware of it 20 00:00:50,880 --> 00:00:55,720 Speaker 1: is because we're always looking for confirmation of where we're going. 21 00:00:56,320 --> 00:00:57,720 Speaker 1: So if I gave you directions how to get to 22 00:00:57,720 --> 00:01:01,040 Speaker 1: my house, I might say you know, uh, drive down 23 00:01:01,120 --> 00:01:03,440 Speaker 1: the highway until you see this sign, and then go 24 00:01:03,520 --> 00:01:05,600 Speaker 1: down until you see this blue fence and then make 25 00:01:05,600 --> 00:01:08,000 Speaker 1: a left, and then at the mailbox to make a right. 26 00:01:08,400 --> 00:01:10,520 Speaker 1: And so and I would say, eventually you're gonna get 27 00:01:10,520 --> 00:01:12,520 Speaker 1: to this location, get to my house, or get to wherever. 28 00:01:12,959 --> 00:01:16,440 Speaker 1: And so as you're driving, you're constantly looking at the 29 00:01:16,480 --> 00:01:18,880 Speaker 1: signs to make sure you're continuing to go the right way, 30 00:01:19,400 --> 00:01:23,640 Speaker 1: and you're also um looking to see if, um, you know, 31 00:01:23,680 --> 00:01:29,600 Speaker 1: if you're getting closer. And so we have these ideas 32 00:01:29,600 --> 00:01:31,880 Speaker 1: of where the world is going, and we're looking for 33 00:01:32,200 --> 00:01:35,240 Speaker 1: either confirmation confirmation that we are going that way or 34 00:01:35,280 --> 00:01:37,560 Speaker 1: we're going somewhere different. It's very similar on how the 35 00:01:37,600 --> 00:01:40,520 Speaker 1: intelligence agencies like the FBI would look at threats. And 36 00:01:40,560 --> 00:01:42,759 Speaker 1: so they might say, you know, here's three or four 37 00:01:42,800 --> 00:01:47,080 Speaker 1: potential threats for this event. Um, you know, there could 38 00:01:47,080 --> 00:01:49,560 Speaker 1: be a bombing, there could be a shooting, there could 39 00:01:49,560 --> 00:01:52,160 Speaker 1: be uh, you know whatever. Right, so there's there's different 40 00:01:52,160 --> 00:01:55,200 Speaker 1: threats for these for these for this event, if this 41 00:01:55,280 --> 00:01:58,080 Speaker 1: was gonna happen, then this, this, this, and this would 42 00:01:58,080 --> 00:02:00,320 Speaker 1: have to happen. But if this thing was to happen, 43 00:02:00,360 --> 00:02:03,000 Speaker 1: then it would be this, this, and this, and then 44 00:02:03,120 --> 00:02:04,840 Speaker 1: because they don't know exactly, not a Cristal ball. And 45 00:02:04,840 --> 00:02:06,280 Speaker 1: so what they're gonna do then is they're gonna sit 46 00:02:06,320 --> 00:02:08,120 Speaker 1: back and they're gonna watch. And as they start to 47 00:02:08,120 --> 00:02:11,000 Speaker 1: see these certain events happening, they start to show them 48 00:02:11,040 --> 00:02:14,760 Speaker 1: which direction that we're going, which potential outcome would be reached. 49 00:02:15,240 --> 00:02:18,519 Speaker 1: And so, if we are going into a decentralized world, 50 00:02:18,720 --> 00:02:20,720 Speaker 1: like I believe we are, I believe that's what history 51 00:02:20,760 --> 00:02:23,839 Speaker 1: shows us, or we're not, we want to know are 52 00:02:23,880 --> 00:02:25,960 Speaker 1: we going that direction? So we look for these signposts, 53 00:02:25,960 --> 00:02:29,080 Speaker 1: and we can see them everywhere. They're all over the place. 54 00:02:29,160 --> 00:02:31,760 Speaker 1: One of the signposts that I see all over is 55 00:02:32,680 --> 00:02:37,240 Speaker 1: the world seemingly breaking down before our very eyes. If 56 00:02:37,240 --> 00:02:40,280 Speaker 1: you've read the book Atlas Shrug, then you know what 57 00:02:40,280 --> 00:02:42,760 Speaker 1: I'm talking about. You haven't. On highly recommended. I Rand 58 00:02:42,800 --> 00:02:45,079 Speaker 1: wrote it um. It's a big book. It's highly worth 59 00:02:45,080 --> 00:02:48,440 Speaker 1: to read, and talks about how as government gets big, 60 00:02:48,520 --> 00:02:51,920 Speaker 1: it gets oppressive. It starts to restrict the free markets 61 00:02:52,000 --> 00:02:55,799 Speaker 1: which create all the all the development technologies, and as 62 00:02:55,840 --> 00:02:58,160 Speaker 1: it continues to restrict them, you get less and less 63 00:02:58,280 --> 00:03:02,440 Speaker 1: entrepreneurs participate in society. They start going and creating their 64 00:03:02,480 --> 00:03:05,440 Speaker 1: own society, and that society breaks down. And of course, 65 00:03:05,480 --> 00:03:08,440 Speaker 1: so we can see this all over the place. Uh, 66 00:03:08,480 --> 00:03:10,440 Speaker 1: and there are signs to show this. Now, there's a 67 00:03:10,440 --> 00:03:13,120 Speaker 1: couple of things that I saw, one of which is 68 00:03:14,040 --> 00:03:17,960 Speaker 1: um cyber pandemics. Now, is this a sign that society 69 00:03:18,000 --> 00:03:21,640 Speaker 1: is breaking down because entrepreneurs aren't participating, or is this 70 00:03:21,720 --> 00:03:25,200 Speaker 1: a sign that we're at the end of an empire 71 00:03:25,280 --> 00:03:27,440 Speaker 1: where basically the best way to get ahead is to 72 00:03:28,160 --> 00:03:34,079 Speaker 1: steal and manipulate, or is it maybe intentionally being done 73 00:03:34,240 --> 00:03:37,600 Speaker 1: in a way to get us to act on something. Well, 74 00:03:37,680 --> 00:03:39,600 Speaker 1: I don't know the answer to that, but what I 75 00:03:39,640 --> 00:03:42,080 Speaker 1: do know is that these things are happening, and it's 76 00:03:42,160 --> 00:03:45,160 Speaker 1: very coincidental that at the very same time the World 77 00:03:45,200 --> 00:03:50,240 Speaker 1: Economic Form is meeting talking about the risks that we 78 00:03:50,360 --> 00:03:54,200 Speaker 1: face because more cyber we're going to face a cyber pandemic. 79 00:03:54,320 --> 00:03:58,040 Speaker 1: So cyber attacks are going to happen so big and 80 00:03:58,080 --> 00:04:01,040 Speaker 1: so frequently it becomes so bad it's gonna be a pandemic, 81 00:04:01,320 --> 00:04:05,440 Speaker 1: a cyber pandemic. And so since this is going to happen, 82 00:04:05,560 --> 00:04:07,960 Speaker 1: and because it's gonna be so bad, then we need 83 00:04:08,000 --> 00:04:10,560 Speaker 1: to do something about it now. And what would that 84 00:04:10,600 --> 00:04:12,360 Speaker 1: thing be, Oh, yeah, you and I, we should give 85 00:04:12,400 --> 00:04:15,000 Speaker 1: it more of our freedoms. What freedom should we give up? Well, 86 00:04:15,400 --> 00:04:17,760 Speaker 1: we need to give up any of our freedoms that 87 00:04:17,800 --> 00:04:22,120 Speaker 1: would allow us to use the Internet anonymously. So they 88 00:04:22,200 --> 00:04:26,600 Speaker 1: wanted to be like China. In China, you have to 89 00:04:26,640 --> 00:04:31,599 Speaker 1: be verified before you can use the internet. Being able 90 00:04:31,640 --> 00:04:35,480 Speaker 1: to use the Internet anonymously puts everybody in danger, and 91 00:04:35,520 --> 00:04:37,560 Speaker 1: you don't have the right to put others in danger. 92 00:04:37,680 --> 00:04:42,160 Speaker 1: Don't be so selfish. Who cares about your own personal privacy? 93 00:04:42,240 --> 00:04:45,599 Speaker 1: Think about the greater good. You stay in private puts 94 00:04:45,640 --> 00:04:50,000 Speaker 1: me in danger, and you don't have that right. Being sarcastic, 95 00:04:50,240 --> 00:04:52,520 Speaker 1: I'm not really being sarcastic. That's what they say. I 96 00:04:52,560 --> 00:04:57,719 Speaker 1: don't agree, or maybe I do agree, It doesn't really matter. 97 00:04:58,320 --> 00:05:01,960 Speaker 1: The point is is that a greater good is doing 98 00:05:02,040 --> 00:05:05,560 Speaker 1: less harm. So for the couple of percent of people 99 00:05:05,720 --> 00:05:09,640 Speaker 1: that want to potentially hurt things, that's bad. I don't 100 00:05:09,680 --> 00:05:13,800 Speaker 1: want terrorism, but at risk of putting of the population 101 00:05:14,360 --> 00:05:17,360 Speaker 1: through hassle, trouble, and even more danger, I don't think 102 00:05:17,360 --> 00:05:19,600 Speaker 1: it's worth that. And so what am I talking about? 103 00:05:19,640 --> 00:05:22,240 Speaker 1: So they what they propose is that everybody has to 104 00:05:22,240 --> 00:05:25,160 Speaker 1: put an idea in. They have to be verified before 105 00:05:25,240 --> 00:05:27,680 Speaker 1: they can use the web. That way, if you say 106 00:05:27,760 --> 00:05:30,320 Speaker 1: mean things, they don't like or approve. They know who 107 00:05:30,360 --> 00:05:33,560 Speaker 1: you are, but they believe if you give up your 108 00:05:33,600 --> 00:05:38,359 Speaker 1: privacy then they can control that. Now there's the carrot approach, 109 00:05:38,400 --> 00:05:41,080 Speaker 1: which is how do we incentivize people to do that? 110 00:05:41,800 --> 00:05:44,440 Speaker 1: And then there's the stick approach, how can we force 111 00:05:44,560 --> 00:05:48,520 Speaker 1: them to do that. We've been seeing them talk about 112 00:05:48,520 --> 00:05:51,120 Speaker 1: this ramp up of cyber attacks, and yet all of 113 00:05:51,160 --> 00:05:54,120 Speaker 1: a sudden, here they are. I saw this week, we 114 00:05:54,160 --> 00:05:58,760 Speaker 1: saw Young Brands says that nearly three restaurants in the 115 00:05:58,880 --> 00:06:02,400 Speaker 1: UK were impacted due to a cyber attack. Young Brand 116 00:06:02,480 --> 00:06:05,839 Speaker 1: said late on Wednesday, at ransomware attacked or impacted certain 117 00:06:05,880 --> 00:06:07,880 Speaker 1: information technology systems of the company, which led to the 118 00:06:07,880 --> 00:06:11,760 Speaker 1: closure of nearly three hundred restaurants in the UK for 119 00:06:11,880 --> 00:06:16,320 Speaker 1: a day. It's a big deal. Now A side note, 120 00:06:16,320 --> 00:06:20,120 Speaker 1: funny coincidental. Young Brand owns Pizza Hut and Taco Bell. 121 00:06:20,600 --> 00:06:22,720 Speaker 1: They didn't specify which restaurants were impacted. I just think 122 00:06:22,720 --> 00:06:25,520 Speaker 1: it's funny. It's Pizza Hut. Um. If you don't understand 123 00:06:25,560 --> 00:06:29,200 Speaker 1: the relevance of that in the very first purchase of 124 00:06:29,240 --> 00:06:32,680 Speaker 1: the Internet was done and it was at Pizza Hut, 125 00:06:34,120 --> 00:06:37,360 Speaker 1: and I think two thousand nine or two two nine, 126 00:06:37,440 --> 00:06:40,960 Speaker 1: I think the first purchase with bitcoin was done and 127 00:06:41,000 --> 00:06:43,680 Speaker 1: it was for pizza. And now we have the cyber 128 00:06:43,800 --> 00:06:46,560 Speaker 1: taxs being done at pizza joints. Something about pizza and 129 00:06:46,560 --> 00:06:49,440 Speaker 1: hackers and computer nerds. I guess I'm not sure you 130 00:06:49,480 --> 00:06:51,000 Speaker 1: know about that. Let me leave me a comment, let 131 00:06:51,000 --> 00:06:52,800 Speaker 1: me know. But it says that KFC said there was 132 00:06:52,839 --> 00:06:56,640 Speaker 1: no evidence of customer databases were stolen, even though data 133 00:06:56,720 --> 00:06:59,400 Speaker 1: was taken from the company's network, and so this seems 134 00:06:59,440 --> 00:07:03,560 Speaker 1: to be ramp being up. Now. Some of these ransomware 135 00:07:03,600 --> 00:07:07,880 Speaker 1: attackers has to be paid in Bitcoin, so they might 136 00:07:07,960 --> 00:07:10,760 Speaker 1: have you believe that it's bitcoin's fault. Never mind the 137 00:07:10,760 --> 00:07:13,240 Speaker 1: fact that they've been doing these long before bitcoin. We're around, 138 00:07:13,760 --> 00:07:15,720 Speaker 1: uh more of these have been paid off in dollars 139 00:07:15,760 --> 00:07:17,600 Speaker 1: and I've never been paid in bitcoin. But they may 140 00:07:17,640 --> 00:07:21,240 Speaker 1: tell you it's been bitcoin's fault, but I don't want 141 00:07:21,240 --> 00:07:22,800 Speaker 1: to point into that. What I want to talk about 142 00:07:22,880 --> 00:07:27,880 Speaker 1: is that this is coincidentally gaming gaining steam at the 143 00:07:27,960 --> 00:07:30,400 Speaker 1: same time as the WEF is warning us that we 144 00:07:30,440 --> 00:07:33,080 Speaker 1: need to give up our privacy so they can have 145 00:07:33,120 --> 00:07:36,400 Speaker 1: more control to prevent us from this exact type of thing. 146 00:07:37,080 --> 00:07:40,160 Speaker 1: You might also know, last week we saw the f 147 00:07:40,320 --> 00:07:42,520 Speaker 1: a A in the United States. The f A shut 148 00:07:42,600 --> 00:07:45,720 Speaker 1: down all flights at the same time. It was the 149 00:07:45,840 --> 00:07:50,680 Speaker 1: largest shut down, the largest disturbance of flights in history, 150 00:07:52,120 --> 00:07:54,800 Speaker 1: and supposedly they had a glitch in the system and 151 00:07:54,840 --> 00:07:58,720 Speaker 1: the glitz forced them to shut it down. Now, Pete Buddendog, 152 00:07:59,120 --> 00:08:02,600 Speaker 1: who's in charge of the Transportation Secretary, he says that 153 00:08:03,960 --> 00:08:06,640 Speaker 1: it could have been a cyber attack. That could have 154 00:08:06,680 --> 00:08:08,680 Speaker 1: been we don't know. They haven't come out with that yet. 155 00:08:09,960 --> 00:08:12,679 Speaker 1: But what's coincidental and I wasn't aware of this until 156 00:08:12,680 --> 00:08:16,640 Speaker 1: just the other day, is that just before or I'm sorry, 157 00:08:16,680 --> 00:08:20,920 Speaker 1: a week two weeks later after the fight attack happened. 158 00:08:21,240 --> 00:08:24,720 Speaker 1: The same thing happened in Canada. Their flight system was 159 00:08:24,720 --> 00:08:27,160 Speaker 1: attacked as a matter of fact, and it has also 160 00:08:27,240 --> 00:08:30,280 Speaker 1: been done in the Philippines as well. And it's almost 161 00:08:30,320 --> 00:08:34,640 Speaker 1: like these cyber attackers are attacking our core critical infrastructure 162 00:08:35,000 --> 00:08:39,360 Speaker 1: like transportation, like flights. Now, when that happens, it causes 163 00:08:39,679 --> 00:08:43,120 Speaker 1: billions of dollars of loss, hundreds of millions of people, 164 00:08:43,160 --> 00:08:45,120 Speaker 1: as lives are impacted. They don't get to the meetings 165 00:08:45,120 --> 00:08:47,000 Speaker 1: on time, to see their loved ones on time, etcetera. 166 00:08:47,440 --> 00:08:51,080 Speaker 1: And that is the pain. It's that turning the pain 167 00:08:51,120 --> 00:08:53,600 Speaker 1: dial up. It's the stick that gets us to give 168 00:08:53,640 --> 00:08:55,480 Speaker 1: them our freedom. If you're just tune in and listening 169 00:08:55,480 --> 00:08:58,040 Speaker 1: to the Markmas Show, we're talking about the decentralized revolution. 170 00:08:58,040 --> 00:09:00,840 Speaker 1: We're talking about the way the world is ransforming into 171 00:09:00,840 --> 00:09:03,760 Speaker 1: a decentralized world. We're talking about that some of the 172 00:09:03,800 --> 00:09:06,920 Speaker 1: biggest news headlines of the week. I have more to cover. 173 00:09:06,960 --> 00:09:09,280 Speaker 1: We're gonna get into what the economy, the markets are doing, 174 00:09:09,320 --> 00:09:11,160 Speaker 1: with the stock markets are doing, what bitcoin is doing. 175 00:09:11,679 --> 00:09:14,760 Speaker 1: We're gonna talk about what's happening with the war, potential 176 00:09:14,840 --> 00:09:17,760 Speaker 1: nuclear war. We're gonna talk about some more disinformation and 177 00:09:17,840 --> 00:09:19,720 Speaker 1: a whole lot more stuff you don't want to miss. 178 00:09:19,960 --> 00:09:21,800 Speaker 1: We're back with all that moren a minute. You don't 179 00:09:21,800 --> 00:09:23,800 Speaker 1: go away, We're back, all right, Welcome back. If you 180 00:09:23,880 --> 00:09:25,560 Speaker 1: just tune in, you're listening to the Mark mo Show, 181 00:09:25,600 --> 00:09:28,520 Speaker 1: We're talking about the decentralized Revolution, and we're running through 182 00:09:29,120 --> 00:09:32,240 Speaker 1: the biggest news headlines of this week to help you 183 00:09:32,320 --> 00:09:35,600 Speaker 1: understand where things are going, where we're headed and what 184 00:09:35,800 --> 00:09:40,599 Speaker 1: is going on We're talking about before some of the 185 00:09:40,720 --> 00:09:42,360 Speaker 1: risks that we've seen in the system, and let's talk 186 00:09:42,360 --> 00:09:45,040 Speaker 1: about some some more practical stuff that's in front of us. 187 00:09:45,240 --> 00:09:48,280 Speaker 1: Of course, all eyes are on the FED, They're on inflation, 188 00:09:48,360 --> 00:09:52,120 Speaker 1: they're on potential recession. Now, typically we refer to a 189 00:09:52,200 --> 00:09:54,640 Speaker 1: recession as two quarters of negative economic growth, but of 190 00:09:54,679 --> 00:09:57,720 Speaker 1: course the Biden administration changed that definition for us, and 191 00:09:57,760 --> 00:10:00,760 Speaker 1: so technically I guess, well, I don't about technically, but 192 00:10:00,960 --> 00:10:04,200 Speaker 1: per Biden, we're not in a recession. But what is 193 00:10:04,320 --> 00:10:06,720 Speaker 1: the real risks of the economy. Are we going into 194 00:10:06,720 --> 00:10:09,920 Speaker 1: a recession? Are we going into a depression? And what 195 00:10:09,960 --> 00:10:11,839 Speaker 1: does that mean for your job? What does that mean 196 00:10:11,880 --> 00:10:14,440 Speaker 1: for your cost of living? What does that mean for 197 00:10:14,480 --> 00:10:17,480 Speaker 1: your retirement accounts and your assets and things like that. Now, 198 00:10:17,920 --> 00:10:21,679 Speaker 1: nobody has a crystal ball, and so we have opinions, 199 00:10:21,720 --> 00:10:24,640 Speaker 1: we have guesses, um and things like that. There was 200 00:10:24,679 --> 00:10:28,000 Speaker 1: a really big survey that was done and that was 201 00:10:28,040 --> 00:10:32,240 Speaker 1: asking about will the global stock markets crashing? Now at 202 00:10:32,240 --> 00:10:34,040 Speaker 1: one point, I'm gonna talk about some of the economic 203 00:10:34,080 --> 00:10:36,839 Speaker 1: data and some of the market data. I do want 204 00:10:36,880 --> 00:10:39,120 Speaker 1: you to keep in mind, though, that the economy does 205 00:10:39,200 --> 00:10:42,840 Speaker 1: not equal the market. So in when we saw them, 206 00:10:42,920 --> 00:10:46,640 Speaker 1: the economy shutdown. Businesses were shutdown, people were put out 207 00:10:46,640 --> 00:10:49,760 Speaker 1: of work. We saw the stock markets hit, all asset 208 00:10:49,800 --> 00:10:51,760 Speaker 1: prices a new all timized. So just rememheer. The two 209 00:10:51,800 --> 00:10:54,000 Speaker 1: are not connected to key peace to keep in mind, 210 00:10:54,040 --> 00:10:56,760 Speaker 1: but when we're looking at global stock markets, we can 211 00:10:56,800 --> 00:11:01,040 Speaker 1: see that um the of a. Results are all over 212 00:11:01,080 --> 00:11:04,280 Speaker 1: the board. Now, one thing about surveys is that if 213 00:11:04,320 --> 00:11:06,880 Speaker 1: it's done through a big enough sample size, they can 214 00:11:06,920 --> 00:11:09,520 Speaker 1: be extremely accurate. As a matter of fact, there's been 215 00:11:09,640 --> 00:11:14,200 Speaker 1: numerous tests where they crowdsourced information. They've done them where 216 00:11:14,320 --> 00:11:16,040 Speaker 1: like at a at a county fair, they have like 217 00:11:16,280 --> 00:11:19,080 Speaker 1: a steer like a big bowl, and they ask people 218 00:11:19,120 --> 00:11:22,640 Speaker 1: to go vote on how much that steerways how many 219 00:11:22,640 --> 00:11:24,800 Speaker 1: pounds it was, and they put all their votes in 220 00:11:24,840 --> 00:11:27,240 Speaker 1: a into a into a bucket and then they tally 221 00:11:27,320 --> 00:11:30,400 Speaker 1: them up and they average them out. Or they'll ask 222 00:11:30,440 --> 00:11:32,320 Speaker 1: people how many jelly beans are in a jar, and 223 00:11:32,320 --> 00:11:33,800 Speaker 1: they'll get all these people to vote how many jelly 224 00:11:33,840 --> 00:11:35,920 Speaker 1: beans in the jar, talllily them up on the average amount. 225 00:11:36,080 --> 00:11:39,480 Speaker 1: And what they found is that in these crowdsourced type 226 00:11:39,520 --> 00:11:41,480 Speaker 1: of environments where they're trying to guess the weight of 227 00:11:41,520 --> 00:11:43,520 Speaker 1: the bowl or how many gelly beans in the dark, 228 00:11:44,440 --> 00:11:48,920 Speaker 1: they get really really really close, like really close. I 229 00:11:48,960 --> 00:11:50,800 Speaker 1: don't have the exact studies in front of me, but 230 00:11:50,840 --> 00:11:53,360 Speaker 1: I'm talking about extremely close. Now, a couple of things 231 00:11:53,400 --> 00:11:56,040 Speaker 1: about the test. Two things have to be present. One, 232 00:11:56,640 --> 00:12:00,880 Speaker 1: you have to ask people who could potential we know. So, 233 00:12:01,000 --> 00:12:03,520 Speaker 1: for example, if we're going to ask people to vote 234 00:12:03,520 --> 00:12:06,280 Speaker 1: on how big the bull, how many pounds of the bullways, 235 00:12:06,480 --> 00:12:08,720 Speaker 1: we don't want to ask like farmers and ranchers, right, 236 00:12:08,720 --> 00:12:10,400 Speaker 1: We wouldn't want to ask people from New York City, 237 00:12:10,440 --> 00:12:13,800 Speaker 1: for example. The second thing is that we'd want to 238 00:12:13,840 --> 00:12:18,319 Speaker 1: make sure that they didn't see each other's answers, because 239 00:12:18,320 --> 00:12:20,199 Speaker 1: what happens is if if they say, oh, this guy 240 00:12:20,280 --> 00:12:23,520 Speaker 1: said a thousand pounds, will all go pounds? Right, and 241 00:12:23,559 --> 00:12:24,800 Speaker 1: so they you want to make sure they don't see 242 00:12:24,800 --> 00:12:27,120 Speaker 1: each other's answers. But when those two conditions are met, 243 00:12:27,320 --> 00:12:31,280 Speaker 1: they get extremely close. Now with this survey, I don't 244 00:12:31,280 --> 00:12:34,400 Speaker 1: know if those two factors were met. They're asking experts, 245 00:12:34,440 --> 00:12:36,959 Speaker 1: so I'm assuming they're experts. Uh, And because it was 246 00:12:37,000 --> 00:12:38,959 Speaker 1: done online, I'm guessing they did't see those answers. So 247 00:12:38,960 --> 00:12:41,199 Speaker 1: I'm guessing those two things were met, so it's just 248 00:12:41,240 --> 00:12:42,959 Speaker 1: gonna be accurate. I don't know, we have to wait 249 00:12:42,960 --> 00:12:47,640 Speaker 1: and see. But basically, they are asked, UM, what percentage 250 00:12:47,640 --> 00:12:50,240 Speaker 1: do they think stock markets will crash in the upcoming year? 251 00:12:52,080 --> 00:12:55,320 Speaker 1: And they did this through thirty six countries UM. They 252 00:12:55,360 --> 00:12:59,560 Speaker 1: surveyed more than twenty four thousand adults. Each country shown 253 00:12:59,600 --> 00:13:03,240 Speaker 1: had at least five individuals, sampled with countries in the 254 00:13:03,360 --> 00:13:07,400 Speaker 1: G seven and other major economies including China, Brazil, South Korea, 255 00:13:07,600 --> 00:13:11,360 Speaker 1: UM and and sampling at least a thousand people. So 256 00:13:11,360 --> 00:13:14,400 Speaker 1: so pretty decent, Pretty decent. Respondents were asked a question 257 00:13:14,440 --> 00:13:17,559 Speaker 1: on whether quote, major stock markets around the world would 258 00:13:17,559 --> 00:13:21,000 Speaker 1: crash in the following year, and we're asked to respond 259 00:13:21,000 --> 00:13:25,480 Speaker 1: either likely or unlikely. So what they say. You may 260 00:13:25,480 --> 00:13:28,600 Speaker 1: not like these answers. You may not like these answers. 261 00:13:28,640 --> 00:13:32,079 Speaker 1: Let's just start at the Let's just go to the 262 00:13:32,160 --> 00:13:36,280 Speaker 1: United States. We can see the global average. Let's just 263 00:13:36,280 --> 00:13:41,880 Speaker 1: start with the global average. Fifty thought a market crash, 264 00:13:42,679 --> 00:13:47,439 Speaker 1: UM was likely, said it was likely, thirty one percent 265 00:13:47,800 --> 00:13:52,079 Speaker 1: said it was unlikely. In the United States, forty seven 266 00:13:52,120 --> 00:13:58,960 Speaker 1: percent said likely, thirty one said unlikely. UM where is 267 00:13:59,000 --> 00:14:03,160 Speaker 1: it lower. Take a look. Israel, thirty five percent said likely, 268 00:14:03,280 --> 00:14:07,880 Speaker 1: forty two more people said unlikely. More majority in Israel 269 00:14:07,920 --> 00:14:11,080 Speaker 1: said it's not likely to happen. In Hungary, the majority 270 00:14:11,120 --> 00:14:15,080 Speaker 1: said not likely to happen. In China, the majority said 271 00:14:15,120 --> 00:14:18,960 Speaker 1: unlikely to happen. Um. Everywhere else, they pretty much said 272 00:14:18,960 --> 00:14:22,240 Speaker 1: it was more likely, more probabilistic to have a crash 273 00:14:22,720 --> 00:14:26,320 Speaker 1: market crash than it was unlikely to The piece that 274 00:14:26,360 --> 00:14:28,640 Speaker 1: I want to talk about here, though, is for the 275 00:14:28,680 --> 00:14:31,600 Speaker 1: most part, in the United States, was forty seven percent 276 00:14:31,720 --> 00:14:36,720 Speaker 1: said likely. We're kind of in this like sixty forty split. 277 00:14:37,760 --> 00:14:39,120 Speaker 1: And the key piece that I want to hit on 278 00:14:39,200 --> 00:14:41,560 Speaker 1: here is that there is no such thing as certainties 279 00:14:41,600 --> 00:14:46,240 Speaker 1: in life. There's only probabilities. Nothing is h certain. Well, death, 280 00:14:46,320 --> 00:14:49,960 Speaker 1: death certain and taxes, right, that's the old same death 281 00:14:50,000 --> 00:14:52,640 Speaker 1: and taxes um. But other than that, we don't know 282 00:14:52,760 --> 00:14:54,680 Speaker 1: what's going to happen. Are the market's gonna crash? Well, 283 00:14:56,320 --> 00:15:00,400 Speaker 1: think they will, think they won't know? What do you 284 00:15:00,480 --> 00:15:04,680 Speaker 1: think you might go? That's insane. There's a seventy chance 285 00:15:04,720 --> 00:15:09,320 Speaker 1: it crashes in my mind, and perchance it doesn't. Okay, 286 00:15:09,600 --> 00:15:12,240 Speaker 1: you might think it has a chance of crashing and 287 00:15:12,240 --> 00:15:17,640 Speaker 1: a ten percent chance it doesn't the average. The reason 288 00:15:17,640 --> 00:15:20,160 Speaker 1: why it's important is what are you doing this year 289 00:15:20,200 --> 00:15:23,720 Speaker 1: with your money? If you think that the markets are 290 00:15:23,720 --> 00:15:25,960 Speaker 1: going to crash, more than it would be prudent not 291 00:15:26,040 --> 00:15:28,040 Speaker 1: to have money in the markets. It would be prudent 292 00:15:28,080 --> 00:15:31,320 Speaker 1: to store more cash and keep that cash in something 293 00:15:31,440 --> 00:15:35,400 Speaker 1: safe like cash, c d S, treasuries, things like that. 294 00:15:36,240 --> 00:15:39,360 Speaker 1: But if you think there's a thirty percent chance or 295 00:15:39,360 --> 00:15:42,720 Speaker 1: a fifty percent chance it doesn't crash, then you might 296 00:15:42,760 --> 00:15:45,160 Speaker 1: want to start to deploy some of that money right now. 297 00:15:45,400 --> 00:15:48,640 Speaker 1: Now there's there's still a forty seven percent chance it 298 00:15:48,720 --> 00:15:50,920 Speaker 1: does crash, so then you would keep some of that 299 00:15:50,960 --> 00:15:55,920 Speaker 1: money on the sidelines to average in in case that happens. 300 00:15:56,720 --> 00:15:59,200 Speaker 1: And this way you're protected either way. So if the 301 00:15:59,240 --> 00:16:02,040 Speaker 1: markets don't crash and things keep going up, at least 302 00:16:02,080 --> 00:16:04,360 Speaker 1: you've taken some positions now and you have to average 303 00:16:04,360 --> 00:16:06,880 Speaker 1: and as it goes higher. But if you're right and 304 00:16:06,960 --> 00:16:09,960 Speaker 1: it goes down, you could average in lower and have 305 00:16:10,000 --> 00:16:13,600 Speaker 1: a better entry. The key piece here is that nobody 306 00:16:13,640 --> 00:16:15,960 Speaker 1: knows there is no probabilities. And I know you don't 307 00:16:16,000 --> 00:16:17,800 Speaker 1: like that. You want me to give you, You want 308 00:16:17,840 --> 00:16:20,360 Speaker 1: me to give you a certainty, but there's not. But 309 00:16:20,400 --> 00:16:23,720 Speaker 1: I thought this is interesting in the United States thinks 310 00:16:23,800 --> 00:16:29,680 Speaker 1: there will be another crash, but think they don't, and 311 00:16:29,760 --> 00:16:32,760 Speaker 1: so figure out what it is for you and act accordingly. 312 00:16:33,120 --> 00:16:36,280 Speaker 1: But we can see that there is bad economic data, 313 00:16:36,840 --> 00:16:39,360 Speaker 1: um and so it leads us to think that there is. 314 00:16:39,360 --> 00:16:41,760 Speaker 1: But the Biden administration wants to continue to gas light. 315 00:16:41,920 --> 00:16:44,120 Speaker 1: As a matter of fact, they want to taunt you 316 00:16:45,040 --> 00:16:51,200 Speaker 1: basically saying six six it's a good thing. And you know, 317 00:16:51,320 --> 00:16:53,000 Speaker 1: I get it that you can't afford to put gas 318 00:16:53,000 --> 00:16:54,080 Speaker 1: in your car, and I get it that you can't 319 00:16:54,080 --> 00:16:56,480 Speaker 1: afford to buy organic eggs anymore, and now you've got 320 00:16:56,480 --> 00:17:00,680 Speaker 1: to buy sugar cereal instead. But a good thing. Alright, 321 00:17:00,680 --> 00:17:04,040 Speaker 1: we've done a good job. It's a form of gas lighting, 322 00:17:04,880 --> 00:17:08,960 Speaker 1: highlighting how climbing prices are a good thing because we 323 00:17:09,000 --> 00:17:12,040 Speaker 1: need inflation. Right, how's what the economy grow? They say, 324 00:17:12,240 --> 00:17:15,560 Speaker 1: how's what the economy grow? Never mind that you're still inflated, 325 00:17:15,840 --> 00:17:18,440 Speaker 1: that you're still struggling. The key piece here to understand 326 00:17:18,520 --> 00:17:22,120 Speaker 1: is that while inflation has come down, meaning the rate 327 00:17:22,240 --> 00:17:27,080 Speaker 1: of increase has slowed, they're still paying more money. If 328 00:17:27,119 --> 00:17:28,680 Speaker 1: you're just tune in you're listening to the Markmall Show. 329 00:17:28,720 --> 00:17:31,359 Speaker 1: We're talking about the decentralized revolution, how the world is 330 00:17:31,440 --> 00:17:34,000 Speaker 1: changing before our very eyes, and we're looking at through 331 00:17:34,000 --> 00:17:37,760 Speaker 1: the lens of politics, finance, and technology. And I'm reading 332 00:17:37,920 --> 00:17:40,720 Speaker 1: through some of the biggest breaking news of the week 333 00:17:40,760 --> 00:17:42,600 Speaker 1: so you can stay on top of what is going on. 334 00:17:43,320 --> 00:17:44,960 Speaker 1: I want to come back. I want to talk about 335 00:17:45,200 --> 00:17:48,680 Speaker 1: some more decentralization of the world, how supply chains are 336 00:17:48,960 --> 00:17:51,480 Speaker 1: are being rerouted. I want to talk about what's happening 337 00:17:51,560 --> 00:17:55,639 Speaker 1: with potential nuclear war that we're facing, some threats that 338 00:17:55,680 --> 00:17:57,800 Speaker 1: were made, and some other things about freedom of speech, 339 00:17:57,800 --> 00:17:58,879 Speaker 1: a whole lots of ever want to come back, You 340 00:17:58,880 --> 00:18:01,960 Speaker 1: don't want to miss this away. Hello, welcome back here, 341 00:18:02,000 --> 00:18:03,919 Speaker 1: listening to the Market Mo Show. We're talking about the 342 00:18:03,920 --> 00:18:06,960 Speaker 1: decentralized Revolution, and we are going through some of the 343 00:18:07,080 --> 00:18:10,600 Speaker 1: biggest news headlines of the week, and there are some 344 00:18:10,680 --> 00:18:13,680 Speaker 1: big ones and one thing I've been talking about quite 345 00:18:13,720 --> 00:18:17,520 Speaker 1: a bit that I think is just insane. I mean, 346 00:18:17,520 --> 00:18:19,680 Speaker 1: there's so many things that are insane, but one of 347 00:18:19,720 --> 00:18:21,399 Speaker 1: the things that I'm talking about that are insane is 348 00:18:21,480 --> 00:18:25,080 Speaker 1: that having grown up at the tail end of the 349 00:18:25,080 --> 00:18:28,840 Speaker 1: Cold War, the Cold War, which was when the US 350 00:18:29,000 --> 00:18:32,720 Speaker 1: was engaged in this standoff war with Russia and communism, 351 00:18:32,760 --> 00:18:37,080 Speaker 1: and the USS are basically um Having grown up at 352 00:18:37,080 --> 00:18:40,120 Speaker 1: the tail end of that, I never would have imagined 353 00:18:40,160 --> 00:18:43,120 Speaker 1: that we are back here and really, for the first 354 00:18:43,119 --> 00:18:46,880 Speaker 1: time in my life, actually facing a real nuclear war. 355 00:18:47,800 --> 00:18:51,320 Speaker 1: You know, the Cold War and the standoff kind of 356 00:18:51,359 --> 00:18:55,159 Speaker 1: started and ended when everybody got nuclear weapons because of 357 00:18:55,320 --> 00:18:59,720 Speaker 1: something called mutually assured destruction. If we can both kill 358 00:18:59,760 --> 00:19:03,720 Speaker 1: each other, than we're not going to do that, right, Yeah, 359 00:19:03,920 --> 00:19:05,800 Speaker 1: just like a free market, a free market only works 360 00:19:05,800 --> 00:19:08,680 Speaker 1: when one party, well, each party has to believe they're 361 00:19:08,680 --> 00:19:11,040 Speaker 1: getting the better deal. And a war would only happen 362 00:19:11,080 --> 00:19:13,480 Speaker 1: if one side thought they could win. But if both 363 00:19:13,520 --> 00:19:16,760 Speaker 1: sides know that no matter what happens, we both die, 364 00:19:17,040 --> 00:19:22,640 Speaker 1: then what's the point. And so then it created peace, peace, violence, 365 00:19:22,840 --> 00:19:27,080 Speaker 1: the threat of violence created peace. But yet here we 366 00:19:27,160 --> 00:19:30,080 Speaker 1: are now and again for the first time in my life, 367 00:19:30,920 --> 00:19:35,000 Speaker 1: with a real threat of nuclear war. And this is 368 00:19:35,040 --> 00:19:37,399 Speaker 1: not a joke. As a matter of fact. This week 369 00:19:37,600 --> 00:19:41,080 Speaker 1: we saw a Putin ally Warren's NATO of nuclear war 370 00:19:41,119 --> 00:19:46,400 Speaker 1: if Russia is defeated in Ukraine. An ally of President 371 00:19:46,480 --> 00:19:49,879 Speaker 1: Vladimir Putin put out this message, he said. The quote 372 00:19:49,960 --> 00:19:52,199 Speaker 1: he said, quote the defeat of a nuclear power and 373 00:19:52,240 --> 00:19:56,040 Speaker 1: a conventional war may trigger a nuclear war. End quote. 374 00:19:56,520 --> 00:20:01,280 Speaker 1: And this was by former Russian President Dmitri Metev med Medvedev, 375 00:20:01,720 --> 00:20:05,320 Speaker 1: who serves as deputy chairman of Putin's powerful Security Council. 376 00:20:05,840 --> 00:20:09,639 Speaker 1: He said, quote, nuclear powers have never lost major conflicts 377 00:20:09,640 --> 00:20:14,200 Speaker 1: on which their fate depends. End quote. He's for it 378 00:20:14,320 --> 00:20:16,399 Speaker 1: was the president from two thousand twelve. Let me let 379 00:20:16,400 --> 00:20:19,840 Speaker 1: me let me say that again, nuclear powers have never lost. 380 00:20:21,000 --> 00:20:24,359 Speaker 1: So he's saying, anybody who has nuclear powers, nuclear weapons, 381 00:20:24,520 --> 00:20:28,280 Speaker 1: a nuclear power has never lost a major conflict in 382 00:20:28,320 --> 00:20:32,280 Speaker 1: which their fate depends. Why would it if you're going 383 00:20:32,359 --> 00:20:35,040 Speaker 1: to die? It's like, uh, what's the saying about when 384 00:20:35,080 --> 00:20:37,320 Speaker 1: you know, be afraid of the person who has nothing 385 00:20:37,359 --> 00:20:41,200 Speaker 1: to lose, or backing a wounded animal into a corner, right, 386 00:20:41,400 --> 00:20:43,400 Speaker 1: Like when you back the wounded animal into a corner, 387 00:20:43,400 --> 00:20:45,800 Speaker 1: when you have somebody that has nothing left to lose, 388 00:20:45,800 --> 00:20:49,439 Speaker 1: they're very, very dangerous. And if you have a nuclear power, 389 00:20:51,200 --> 00:20:55,720 Speaker 1: who has wh who's losing, who's gonna die, then what 390 00:20:55,760 --> 00:21:00,160 Speaker 1: do they care? Mutually assured destruction works because me either 391 00:21:00,240 --> 00:21:03,800 Speaker 1: side want to die, right, but if one side is 392 00:21:03,800 --> 00:21:05,520 Speaker 1: already dying and what do they care, Well, let's just 393 00:21:05,600 --> 00:21:08,600 Speaker 1: kill the other side too. Who doesn't work like that? 394 00:21:08,640 --> 00:21:11,600 Speaker 1: And that's exactly what he's saying here. Dmitri is saying 395 00:21:11,640 --> 00:21:14,080 Speaker 1: that nuclear powers have never lost major conflicts on which 396 00:21:14,080 --> 00:21:18,840 Speaker 1: their fate depends, and so he's basically saying, if the 397 00:21:18,880 --> 00:21:22,320 Speaker 1: West attempt to defeat Russia and Ukraine were to work out, 398 00:21:22,440 --> 00:21:26,560 Speaker 1: and if Russia was losing, and if Russia was dying, 399 00:21:27,200 --> 00:21:32,000 Speaker 1: then nuclear doctrine would say that that could actually trigger 400 00:21:32,640 --> 00:21:36,880 Speaker 1: a nuclear war, which makes sense. If Putin is half 401 00:21:36,920 --> 00:21:39,760 Speaker 1: as psychotic as Western media would have you believe, then 402 00:21:39,800 --> 00:21:43,600 Speaker 1: why wouldn't he do that? Right, Why wouldn't he do that? Now? 403 00:21:44,119 --> 00:21:46,840 Speaker 1: Would NATO put him into that corner where he would 404 00:21:46,880 --> 00:21:49,280 Speaker 1: be forced to do that, to force to die? Well, 405 00:21:49,480 --> 00:21:51,919 Speaker 1: I don't know, but it sure seems like they're trying to. 406 00:21:52,760 --> 00:21:55,840 Speaker 1: And we can just look at the facts. So and 407 00:21:55,880 --> 00:21:57,160 Speaker 1: let me let me just let me just be clear 408 00:21:57,160 --> 00:21:59,360 Speaker 1: before we dig in these facts a little bit. I'm 409 00:21:59,400 --> 00:22:01,840 Speaker 1: not for war. I don't want anyone to die. I 410 00:22:01,840 --> 00:22:03,720 Speaker 1: wish everyone could just stay in their corner of the world. 411 00:22:03,800 --> 00:22:05,000 Speaker 1: As a matter of fact, that which most of these 412 00:22:05,000 --> 00:22:07,840 Speaker 1: governments could just shut down and shut shut down all 413 00:22:07,880 --> 00:22:09,680 Speaker 1: the nuclear programs, not have this anymore. But this is 414 00:22:09,680 --> 00:22:13,080 Speaker 1: where we're at, UM, and I would like to prevent 415 00:22:13,359 --> 00:22:16,480 Speaker 1: more war from happening. I would like to prevent nuclear 416 00:22:16,480 --> 00:22:18,879 Speaker 1: war from happening. Not sure exactould like that, because I 417 00:22:18,960 --> 00:22:21,040 Speaker 1: don't want to be caught up in that. And so 418 00:22:21,880 --> 00:22:24,000 Speaker 1: if what he's saying is true, then we have to 419 00:22:24,000 --> 00:22:26,960 Speaker 1: look at what's the possibility that we get to that point. Well, 420 00:22:27,000 --> 00:22:29,840 Speaker 1: we know that um many people from the United States 421 00:22:29,840 --> 00:22:32,600 Speaker 1: have gone over to Ukraine, including Nancy Pelosi, including the 422 00:22:32,600 --> 00:22:34,880 Speaker 1: Adam Shift, and they've gone over there and said, we 423 00:22:34,960 --> 00:22:38,399 Speaker 1: are committed to be with you and nothing short of 424 00:22:38,520 --> 00:22:41,440 Speaker 1: victory will account right. They've they've made these outlandish statements, 425 00:22:41,680 --> 00:22:47,120 Speaker 1: we guarantee victory like uh so they've they've made all 426 00:22:47,160 --> 00:22:49,320 Speaker 1: these statements, they made all these claims that give them 427 00:22:49,359 --> 00:22:52,960 Speaker 1: no way out. And we can see that through the 428 00:22:52,960 --> 00:22:55,320 Speaker 1: amount of money, through the amount of weapons, through the 429 00:22:55,320 --> 00:22:58,919 Speaker 1: amount of support that we contend to give Ukraine. We 430 00:22:58,960 --> 00:23:01,639 Speaker 1: don't know exactly the amount of money going to Ukraine 431 00:23:01,680 --> 00:23:05,200 Speaker 1: is very murky. We know that there's been over one 432 00:23:05,440 --> 00:23:08,560 Speaker 1: hundred billion dollars have been sent to Ukraine just from 433 00:23:08,560 --> 00:23:12,480 Speaker 1: the last month, but we're not very clear on exactly 434 00:23:13,000 --> 00:23:16,439 Speaker 1: how much, nor are we anywhere clear on where that 435 00:23:16,520 --> 00:23:19,960 Speaker 1: money actually went. We know it's over hunter billion dollars. 436 00:23:19,960 --> 00:23:22,760 Speaker 1: Now that's just from the US. Now we have Germany 437 00:23:22,800 --> 00:23:26,119 Speaker 1: and the rest of Europe and NATO cinem weapons, so 438 00:23:26,200 --> 00:23:28,639 Speaker 1: we could say maybe it's a hundred and fifty billion dollars. 439 00:23:29,400 --> 00:23:32,840 Speaker 1: How much has Russia spent so far? It's rumored about 440 00:23:32,880 --> 00:23:36,240 Speaker 1: sixty about less than half, so they spent less than 441 00:23:36,280 --> 00:23:39,320 Speaker 1: half the money. So they're facing basically the world is 442 00:23:39,359 --> 00:23:42,919 Speaker 1: coming at them, committing to spending and doing whatever it 443 00:23:43,000 --> 00:23:48,320 Speaker 1: takes to annihilate them, to kill them. And so if 444 00:23:48,359 --> 00:23:52,639 Speaker 1: they're facing sudden death, like Dmitri says, why would they lose? 445 00:23:52,720 --> 00:23:56,000 Speaker 1: Why wouldn't they just fire off nular weapons. I don't 446 00:23:56,080 --> 00:23:57,840 Speaker 1: think that's good. I don't think it's right, and I 447 00:23:57,880 --> 00:24:00,040 Speaker 1: certainly don't want to happen. I would hope, and I 448 00:24:00,040 --> 00:24:02,359 Speaker 1: would hope that you would feel the same way that 449 00:24:02,480 --> 00:24:04,960 Speaker 1: these leaders would come and they would use calm, cool, 450 00:24:05,000 --> 00:24:08,920 Speaker 1: collected heads. We'll come to some sense. Can we find 451 00:24:08,960 --> 00:24:12,080 Speaker 1: some middle ground, can we find some peace. There's not 452 00:24:12,119 --> 00:24:14,600 Speaker 1: any winners here. There's never going to be a winner here. 453 00:24:14,920 --> 00:24:17,359 Speaker 1: It's like an argument. Nobody wins. Nobody wins an argument. 454 00:24:17,400 --> 00:24:19,800 Speaker 1: If you're married, you know what I'm talking about. Nobody 455 00:24:19,800 --> 00:24:22,040 Speaker 1: wins an argument you don't have them. And here we are, 456 00:24:22,119 --> 00:24:24,320 Speaker 1: we're in a war. There's no winners here. People have died, 457 00:24:24,800 --> 00:24:27,800 Speaker 1: money has been lost. So now at this point we 458 00:24:28,000 --> 00:24:29,919 Speaker 1: have to stop thinking about winning and losing because there 459 00:24:29,920 --> 00:24:31,840 Speaker 1: are no winners, but have to think about how is 460 00:24:31,880 --> 00:24:35,280 Speaker 1: the best way we get out of this today without 461 00:24:35,359 --> 00:24:40,239 Speaker 1: causing more death and destruction. Now part of me, as 462 00:24:40,240 --> 00:24:44,240 Speaker 1: an American, wants to say, why do we even care? 463 00:24:45,320 --> 00:24:47,400 Speaker 1: As the president of the United States, he should be 464 00:24:47,560 --> 00:24:51,280 Speaker 1: concerned about the safety of his own people first and foremost. 465 00:24:51,840 --> 00:24:55,240 Speaker 1: Why is he putting my life and my family's life 466 00:24:55,280 --> 00:24:58,520 Speaker 1: and your family's life and jeopardy over whatever he's trying 467 00:24:58,520 --> 00:25:03,800 Speaker 1: to achieve. We're trying to stop putting from taking over 468 00:25:03,920 --> 00:25:06,520 Speaker 1: a country that used to be part of Russia, that 469 00:25:06,640 --> 00:25:10,040 Speaker 1: has Russian citizens, in a world far away, in a 470 00:25:10,080 --> 00:25:12,439 Speaker 1: country that we don't even know or care about that 471 00:25:12,440 --> 00:25:15,360 Speaker 1: most people couldn't even put on a map. We're doing 472 00:25:15,400 --> 00:25:19,159 Speaker 1: it to save democracy a country Ukraine that's arguably one 473 00:25:19,200 --> 00:25:22,800 Speaker 1: of the most corrupt countries in the world, a country 474 00:25:22,800 --> 00:25:25,959 Speaker 1: where the president used to be a TV actor and 475 00:25:26,160 --> 00:25:30,480 Speaker 1: jailed the democratically elected president that was there before him. 476 00:25:31,160 --> 00:25:34,560 Speaker 1: We're trying to save that country. And again, look, I'm 477 00:25:34,560 --> 00:25:36,560 Speaker 1: not trying to say there's good or bad here. There's 478 00:25:36,560 --> 00:25:39,359 Speaker 1: no good out of this. But the good that we 479 00:25:39,400 --> 00:25:40,880 Speaker 1: can do from here on out is to make sure 480 00:25:40,880 --> 00:25:43,000 Speaker 1: that you and I don't die in nuclear war. I'm 481 00:25:43,040 --> 00:25:46,600 Speaker 1: for that now, But it doesn't look like that's the 482 00:25:46,640 --> 00:25:48,399 Speaker 1: path that we're going down. We can see that the 483 00:25:48,640 --> 00:25:53,879 Speaker 1: Pentagon just they have They're just given over another eight 484 00:25:54,080 --> 00:25:56,880 Speaker 1: hundred billion dollars for the Pentagon in this one point 485 00:25:56,880 --> 00:25:59,679 Speaker 1: seven troy dollar omnibus bill, with a good chunk of 486 00:25:59,720 --> 00:26:04,440 Speaker 1: that going to Yes Ukraine. But of course we don't 487 00:26:04,440 --> 00:26:06,480 Speaker 1: know where that money goes, not even the Pentagon knows. 488 00:26:06,480 --> 00:26:09,720 Speaker 1: As a matter of fact, in November two, a few 489 00:26:09,720 --> 00:26:13,119 Speaker 1: months ago, the Pentagon admitted that it can't account for 490 00:26:13,280 --> 00:26:19,600 Speaker 1: two trillion dollars again. Again. It's lost two trillion dollars before, 491 00:26:19,960 --> 00:26:22,640 Speaker 1: and it lost two trillion dollars again. As a matter 492 00:26:22,640 --> 00:26:26,760 Speaker 1: of fact, the Pentagon says that it's failed it's fifth 493 00:26:26,840 --> 00:26:29,840 Speaker 1: audit in a road. It's fifth audit. They have no 494 00:26:29,920 --> 00:26:32,680 Speaker 1: idea where the money goes. The Pentagon can't account for 495 00:26:32,800 --> 00:26:37,280 Speaker 1: roughly two hundred and twenty billion dollars in equipment that 496 00:26:37,320 --> 00:26:41,600 Speaker 1: it gave the contractors. So your six hundred dollars in 497 00:26:41,600 --> 00:26:43,920 Speaker 1: your VENMO accounts that they're gonna audit you over could 498 00:26:43,920 --> 00:26:48,080 Speaker 1: potentially terrorism. But they lost two billion dollars in equipment, 499 00:26:49,119 --> 00:26:51,640 Speaker 1: you know, weapons they gave to contracts and they don't 500 00:26:51,680 --> 00:26:55,080 Speaker 1: know where they are. This is what we're facing and uh, 501 00:26:55,160 --> 00:26:57,640 Speaker 1: it's atrocious and at this point we're facing nuclear war. 502 00:26:58,080 --> 00:27:01,520 Speaker 1: You should be alarmed, UM, alarmed, read the information, call 503 00:27:01,680 --> 00:27:04,639 Speaker 1: right your your senators or lawmakers and do something about it. 504 00:27:04,720 --> 00:27:06,360 Speaker 1: If you're just tuning and listen to the Mark Mo Show, 505 00:27:06,400 --> 00:27:09,600 Speaker 1: we're talking about the decentralized Revolution and this is showing 506 00:27:09,640 --> 00:27:13,520 Speaker 1: how the world is breaking apart. This is really big news. UM. 507 00:27:13,520 --> 00:27:14,960 Speaker 1: I got a lot more to cover when I come back. 508 00:27:15,080 --> 00:27:17,240 Speaker 1: Some big things that are happening, UM, coming out of 509 00:27:17,240 --> 00:27:19,560 Speaker 1: the WF that you need to know about. Be back 510 00:27:19,560 --> 00:27:22,200 Speaker 1: with that morning a minute. Don't go away, I'll be back. 511 00:27:22,800 --> 00:27:25,240 Speaker 1: Hello and welcome back to another episode of the Markma Show. 512 00:27:25,280 --> 00:27:28,200 Speaker 1: We're still talking about some of the latest breaking news 513 00:27:28,200 --> 00:27:31,119 Speaker 1: headlines of the week talking about how the world is 514 00:27:31,200 --> 00:27:34,120 Speaker 1: changing from a world of centralization to decentralization. Of course, 515 00:27:34,160 --> 00:27:36,120 Speaker 1: we look at it through the lens of politics, finance, 516 00:27:36,160 --> 00:27:41,000 Speaker 1: and technology. That technology is a bitcoin. It's decentralized technology 517 00:27:41,040 --> 00:27:43,920 Speaker 1: that's changing the world. And a lot has been happening 518 00:27:44,080 --> 00:27:48,359 Speaker 1: in the bitcoin ecosystem, the bitcoin space this week. Specifically, 519 00:27:49,080 --> 00:27:52,720 Speaker 1: it's back from the dead. Every time the bitcoin price tumbles, 520 00:27:53,160 --> 00:27:56,359 Speaker 1: another obituary is written and bitcoin has died again. I 521 00:27:56,400 --> 00:27:59,040 Speaker 1: don't know. There's h there's sites that track how many 522 00:27:59,040 --> 00:28:01,320 Speaker 1: times it's died. I think it's died like four hundred 523 00:28:01,400 --> 00:28:04,879 Speaker 1: times at this point. But every time it dies and 524 00:28:04,920 --> 00:28:07,560 Speaker 1: then resurrects, every time it comes back from the dead, 525 00:28:07,920 --> 00:28:12,359 Speaker 1: it only signals not much stronger, that it's resilient, that 526 00:28:12,440 --> 00:28:14,359 Speaker 1: it's not going to die, that's come back. As a 527 00:28:14,400 --> 00:28:17,119 Speaker 1: matter of fact, many many of the some of the 528 00:28:17,119 --> 00:28:20,200 Speaker 1: biggest and most wealthy investors in the world have actually 529 00:28:20,240 --> 00:28:22,479 Speaker 1: said that's why they decided to buy bitcoin. And when 530 00:28:22,520 --> 00:28:24,679 Speaker 1: I saw it crashed all the way down to this 531 00:28:24,760 --> 00:28:28,359 Speaker 1: price and come back, I knew it was legit. A 532 00:28:28,359 --> 00:28:30,159 Speaker 1: lot times people want to compare a bitcoin to the 533 00:28:30,160 --> 00:28:34,960 Speaker 1: tulip bulemania, right, the tulip mania at Holland, where everybody 534 00:28:35,080 --> 00:28:37,439 Speaker 1: bought these tulips so feverishly that the price went up 535 00:28:37,440 --> 00:28:40,160 Speaker 1: so high, which was ridiculous. It was a flower, and 536 00:28:40,160 --> 00:28:43,680 Speaker 1: then it, you know, spectactually crashed. It never came back. 537 00:28:44,640 --> 00:28:47,800 Speaker 1: Tulip bubble prices never came back. It went up and 538 00:28:47,800 --> 00:28:49,880 Speaker 1: it went down. That's like a pump and dump. You 539 00:28:49,920 --> 00:28:53,200 Speaker 1: can look at tho cryptocurrencies and they've all gone up 540 00:28:53,400 --> 00:28:57,360 Speaker 1: and they've gone down, and they've never come back. Bitcoin 541 00:28:57,640 --> 00:28:59,800 Speaker 1: comes back over and over and over again, and so 542 00:28:59,840 --> 00:29:01,960 Speaker 1: that it really builds into it. Now, let let me 543 00:29:02,040 --> 00:29:04,880 Speaker 1: go back. I said something about crypto that you might 544 00:29:04,920 --> 00:29:08,160 Speaker 1: not believe. I said that crypto has its pump like 545 00:29:08,200 --> 00:29:10,080 Speaker 1: the like the Toolia bubble, and then it crashes that 546 00:29:10,040 --> 00:29:13,600 Speaker 1: it never comes back. And you're probably saying, Mark, that's wrong. 547 00:29:14,240 --> 00:29:16,080 Speaker 1: And now I question everything that you say, Mark, and 548 00:29:16,120 --> 00:29:18,040 Speaker 1: that's good. You should question everything I think. But let 549 00:29:18,040 --> 00:29:21,520 Speaker 1: me clarify what I mean by that. Um, if you 550 00:29:21,560 --> 00:29:23,560 Speaker 1: look at any other if you look at all the 551 00:29:23,600 --> 00:29:27,520 Speaker 1: cryptocurrencies and you priced them in bitcoin, not in dollars, 552 00:29:28,280 --> 00:29:30,840 Speaker 1: if you look at any crypto priced in bitcoin, so 553 00:29:30,960 --> 00:29:33,080 Speaker 1: just go to your favorite trading app like Trading View 554 00:29:33,120 --> 00:29:35,680 Speaker 1: and put in the pair you know, H E T 555 00:29:35,920 --> 00:29:38,520 Speaker 1: H slash BTC, So instead of measuring in dollars, you're 556 00:29:38,520 --> 00:29:47,840 Speaker 1: measured in bitcoin, or cardano, measured in bitcoin or um whatever, ah, Cardano, Ethereum, Cosmos, 557 00:29:48,200 --> 00:29:51,760 Speaker 1: the polka dot, you name it. None of them have 558 00:29:51,880 --> 00:29:55,880 Speaker 1: ever made a second all time high a second. So 559 00:29:55,920 --> 00:29:58,280 Speaker 1: if you're priced it bitcoin, they've all made one pump, 560 00:29:58,920 --> 00:30:01,400 Speaker 1: and they've all come back down like a table. But 561 00:30:01,400 --> 00:30:05,840 Speaker 1: Bitcoin keeps coming back, and so Bitcoin has been very stable. 562 00:30:05,880 --> 00:30:08,280 Speaker 1: As a matter of fact, it's become the most stable 563 00:30:08,520 --> 00:30:10,760 Speaker 1: it's ever been at any point in his career for 564 00:30:10,800 --> 00:30:13,040 Speaker 1: the last dozen or so years, where it's been sitting 565 00:30:13,040 --> 00:30:15,600 Speaker 1: in this like kind of sixteen thousand dollar price rings 566 00:30:15,640 --> 00:30:18,080 Speaker 1: for a long time, which down from its sixty nine 567 00:30:18,080 --> 00:30:21,880 Speaker 1: thou dollar high in November is quite a tumble. And 568 00:30:21,920 --> 00:30:24,960 Speaker 1: so while it's been sitting there, a lot of people 569 00:30:25,000 --> 00:30:27,480 Speaker 1: think it's dead, and this week it roared back to 570 00:30:27,600 --> 00:30:30,200 Speaker 1: over twenty one thousand and sitting in this kind of 571 00:30:30,240 --> 00:30:32,440 Speaker 1: twenty one dollar price point today, and that's good for 572 00:30:32,480 --> 00:30:36,160 Speaker 1: a lot of reasons. It's up about thirty bitcoin Um 573 00:30:36,200 --> 00:30:39,240 Speaker 1: derivatives like coin based stock, for example, or up over 574 00:30:39,280 --> 00:30:43,640 Speaker 1: eight Bitcoin miners like Mara are up over a hundred 575 00:30:43,640 --> 00:30:46,560 Speaker 1: and fifty percent, and so we're seeing life come back 576 00:30:46,640 --> 00:30:49,240 Speaker 1: into the ecosystem. Now a lot of people are wondering 577 00:30:49,320 --> 00:30:52,360 Speaker 1: why this is happening. Is this sustained rally? Is this 578 00:30:52,440 --> 00:30:57,040 Speaker 1: going to be another uh bull trap they call it, 579 00:30:57,080 --> 00:30:59,800 Speaker 1: meaning suck all the bulls in and trapped them and 580 00:30:59,800 --> 00:31:02,480 Speaker 1: then and crushed them out? Or is this legit? And 581 00:31:02,520 --> 00:31:03,760 Speaker 1: so I think we want to look at that from 582 00:31:03,760 --> 00:31:06,320 Speaker 1: a couple of ways. I think what's happening, in my 583 00:31:06,440 --> 00:31:11,040 Speaker 1: opinion is that bitcoin Bitcoin is what we would call 584 00:31:11,120 --> 00:31:14,400 Speaker 1: like the canary in the coal mine. And so I'm 585 00:31:14,480 --> 00:31:16,480 Speaker 1: a coal miner, if from from like North Carolina, I 586 00:31:16,520 --> 00:31:17,720 Speaker 1: think where they get the coal out of the ground, 587 00:31:17,840 --> 00:31:20,160 Speaker 1: you probably no better than me. But going in there, 588 00:31:20,280 --> 00:31:22,280 Speaker 1: there's lots of gases and things that would kill people. 589 00:31:22,760 --> 00:31:25,720 Speaker 1: And I believe the story goes that they would carry 590 00:31:25,720 --> 00:31:29,000 Speaker 1: like they would carry a canary in there with them 591 00:31:29,040 --> 00:31:31,760 Speaker 1: because the bird was much more susceptible to those gases 592 00:31:32,040 --> 00:31:33,800 Speaker 1: and it would die. And if you saw the bird die, like, 593 00:31:33,800 --> 00:31:36,160 Speaker 1: oh shoot, I better get out of here. Nowadays, I'm 594 00:31:36,160 --> 00:31:39,040 Speaker 1: sure they have like electronic quid measures it. That's that was, 595 00:31:39,080 --> 00:31:41,440 Speaker 1: and so Bitcoin is sort of like that, where Bitcoin 596 00:31:41,520 --> 00:31:44,480 Speaker 1: is this very volatible asset that moves very quickly. And 597 00:31:44,480 --> 00:31:48,320 Speaker 1: so we saw in November when Bitcoin hit its all 598 00:31:48,360 --> 00:31:51,960 Speaker 1: time high, as did the NASDAC, all the tech stocks, 599 00:31:52,000 --> 00:31:55,680 Speaker 1: the fang stocks, as did everything. Um we saw, the 600 00:31:55,680 --> 00:31:57,240 Speaker 1: FED came out and said they were going to start 601 00:31:57,560 --> 00:32:02,440 Speaker 1: raising rates next year. But Bitcoin started selling off immediately, 602 00:32:02,440 --> 00:32:05,320 Speaker 1: started moving first, Then naz DAC and the tech starts. 603 00:32:05,560 --> 00:32:07,920 Speaker 1: Tech stocks started coming down a couple weeks later, and 604 00:32:07,960 --> 00:32:10,080 Speaker 1: then the SMP five started coming down a couple of 605 00:32:10,080 --> 00:32:15,040 Speaker 1: months later. Now Bitcoin is going up first, the tech 606 00:32:15,040 --> 00:32:16,920 Speaker 1: stocks and the NAZDAC are starting to move a little 607 00:32:16,920 --> 00:32:20,200 Speaker 1: bit after And to me, it looks like Bitcoin is 608 00:32:20,240 --> 00:32:23,240 Speaker 1: sniffing out another move. Now what another move could that be? Well, 609 00:32:23,280 --> 00:32:25,600 Speaker 1: it looks like what it's sniffing out is that the 610 00:32:25,640 --> 00:32:28,640 Speaker 1: FED is getting towards the end of their tightening cycle. 611 00:32:28,800 --> 00:32:32,120 Speaker 1: We know this for a number of reasons, but that's 612 00:32:32,120 --> 00:32:35,720 Speaker 1: what it looks like is happening. I think that potentially 613 00:32:35,800 --> 00:32:38,280 Speaker 1: the worst for Bitcoin could be over now. In one 614 00:32:38,320 --> 00:32:40,400 Speaker 1: of the previous segments, I talked about the sentiment and 615 00:32:40,400 --> 00:32:43,560 Speaker 1: the surveys that we're done, forty seven percent of people 616 00:32:43,560 --> 00:32:46,120 Speaker 1: in the United States think the markets will still fall further, 617 00:32:46,160 --> 00:32:50,800 Speaker 1: so about half, but that means about half think it won't. Now, 618 00:32:50,880 --> 00:32:53,240 Speaker 1: I know you don't like that fifty fifty, but that's 619 00:32:53,280 --> 00:32:55,840 Speaker 1: about where the sentiments at. Nobody has a crystal ball. 620 00:32:56,440 --> 00:32:59,080 Speaker 1: I think it looks like bitcoin is sniffing this move out. 621 00:32:59,360 --> 00:33:02,840 Speaker 1: The Feds paused, now, is this good for the economy? 622 00:33:02,880 --> 00:33:06,040 Speaker 1: Does this mean that, um, the economy is gonna be strong. No, 623 00:33:06,200 --> 00:33:08,120 Speaker 1: the economy is horrible and economy is gonna get worse. 624 00:33:08,320 --> 00:33:12,920 Speaker 1: But the markets, the asset prices could be doing better. However, 625 00:33:13,000 --> 00:33:16,280 Speaker 1: there are some big bombs that could go off inside 626 00:33:16,320 --> 00:33:19,680 Speaker 1: the market, especially inside the cryptocurrency market. We can see 627 00:33:19,960 --> 00:33:22,080 Speaker 1: one of the big bombs that everybody's been focusing on 628 00:33:22,240 --> 00:33:25,200 Speaker 1: is what's going on over at Genesis. Genesis is the 629 00:33:25,280 --> 00:33:28,000 Speaker 1: giant in the room. Genesis is one of the biggest 630 00:33:28,000 --> 00:33:31,080 Speaker 1: companies in the crypto ecosystem that's kind of behind the scenes. 631 00:33:31,120 --> 00:33:34,520 Speaker 1: They're not really a forward facing customer company, and they 632 00:33:34,560 --> 00:33:36,600 Speaker 1: were really supplying a lot of equity for a lot 633 00:33:36,600 --> 00:33:39,880 Speaker 1: of these companies that we're doing these yield products. So 634 00:33:40,000 --> 00:33:42,479 Speaker 1: like with Gemini. For example, you could park your bitcoin 635 00:33:42,520 --> 00:33:45,280 Speaker 1: of your cryptocurrency with Gemini and they would offer you yield, 636 00:33:45,320 --> 00:33:47,239 Speaker 1: they would give you a return, they would borrow that 637 00:33:47,760 --> 00:33:50,120 Speaker 1: and pay you back whatever six percent they were paying you. 638 00:33:50,960 --> 00:33:53,760 Speaker 1: They weren't actually doing it, was actually going to Genesis. 639 00:33:53,800 --> 00:33:57,920 Speaker 1: Genesis was the company behind that. In Genesis, well, if 640 00:33:57,960 --> 00:34:00,000 Speaker 1: you're with Gemini, you know very well who Genesis is, 641 00:34:00,120 --> 00:34:02,280 Speaker 1: because your money has been locked up. You've been unable 642 00:34:02,280 --> 00:34:04,800 Speaker 1: to get your money out of Gemini because of what's 643 00:34:04,840 --> 00:34:08,480 Speaker 1: happened there. And it looks like now Genesis is potentially 644 00:34:08,600 --> 00:34:13,800 Speaker 1: filing for bankruptcy. There's accusations of fraud coming out um 645 00:34:13,840 --> 00:34:15,560 Speaker 1: and this is a pretty big deal. Part of the 646 00:34:15,600 --> 00:34:18,120 Speaker 1: reason why it's the big deal is that Genesis is 647 00:34:18,160 --> 00:34:22,960 Speaker 1: a sister company to Gray Scale Bitcoin Trust, both owned 648 00:34:23,120 --> 00:34:26,840 Speaker 1: underneath the parent company, which is DCG Digital Currency Group. 649 00:34:27,760 --> 00:34:31,720 Speaker 1: A lot of people are speculating that if Genesis goes down, 650 00:34:31,840 --> 00:34:34,920 Speaker 1: it could potentially put Gray Scale Bitcoin Trust in danger. 651 00:34:35,600 --> 00:34:38,640 Speaker 1: And if that goes down, then potentially hundreds of thousands 652 00:34:38,640 --> 00:34:40,359 Speaker 1: of bitcoins could be released and dumped in the market, 653 00:34:40,400 --> 00:34:44,239 Speaker 1: which would be very barish for bitcoin's price. I don't 654 00:34:44,280 --> 00:34:46,960 Speaker 1: think that's going to happen. I think the fears of 655 00:34:48,000 --> 00:34:51,879 Speaker 1: contagion happening from Genesis going bankrupt are overblown. I think 656 00:34:51,880 --> 00:34:53,839 Speaker 1: that for a couple of reasons, we saw the price 657 00:34:53,880 --> 00:34:56,960 Speaker 1: of bitcoin really get crushed when we saw Tara Luna 658 00:34:57,000 --> 00:34:59,439 Speaker 1: go down and then Celsius go down, Three's Capital go down, 659 00:34:59,440 --> 00:35:02,480 Speaker 1: and boom boo the domino effect. By the time it 660 00:35:02,520 --> 00:35:05,360 Speaker 1: got to f t X, it didn't matter anymore. F 661 00:35:05,480 --> 00:35:08,840 Speaker 1: t X was the largest bomb to go off. It 662 00:35:08,920 --> 00:35:12,120 Speaker 1: was the second largest cryptocurrency exchange, but yet it didn't 663 00:35:12,120 --> 00:35:14,759 Speaker 1: affect Bitcoin's price. Part of the reason why I didn't 664 00:35:14,760 --> 00:35:17,400 Speaker 1: affect bitcoins prices they didn't have a lot of bitcoin. Now. 665 00:35:17,520 --> 00:35:19,279 Speaker 1: On their books they said they had one point four 666 00:35:19,280 --> 00:35:21,920 Speaker 1: billion dollars a bitcoin. In reality, they had less than 667 00:35:21,960 --> 00:35:24,520 Speaker 1: twenty thousand dollars a bitcoins. There was no bitcoin to 668 00:35:24,560 --> 00:35:26,880 Speaker 1: dump into the market. And I think this is probably 669 00:35:26,920 --> 00:35:30,840 Speaker 1: another one of those events um where we could potentially 670 00:35:30,840 --> 00:35:33,239 Speaker 1: see Genesis it was gonna file bankruptcy. They're doing that. 671 00:35:33,360 --> 00:35:36,200 Speaker 1: You could potentially have some contagion and potentially put DCG 672 00:35:36,320 --> 00:35:40,319 Speaker 1: group into instability, could potentially um cause lawsuits to be 673 00:35:40,320 --> 00:35:42,840 Speaker 1: filed against gracecal bit Cointrust and even potentially cause a 674 00:35:42,880 --> 00:35:45,040 Speaker 1: breakup of that trust. I think those are long shots. 675 00:35:45,080 --> 00:35:46,800 Speaker 1: I don't think that's probably at all, but it could happen. 676 00:35:47,200 --> 00:35:50,280 Speaker 1: But even if all that happened, I still don't think 677 00:35:50,719 --> 00:35:54,080 Speaker 1: it's bearish for bitcoin's price. And so even though I 678 00:35:54,120 --> 00:35:56,840 Speaker 1: see those bombs in the ecosystem, I don't think that 679 00:35:56,880 --> 00:35:59,000 Speaker 1: it could cause the price a bitcoin to come down 680 00:35:59,040 --> 00:36:02,120 Speaker 1: even more. Now on some good news for you if 681 00:36:02,160 --> 00:36:03,719 Speaker 1: you're if you were involved in this whole f t 682 00:36:03,920 --> 00:36:08,120 Speaker 1: X situation, it looks like regulators have found over five 683 00:36:08,440 --> 00:36:12,319 Speaker 1: billion dollars in liquid assets. Just found them. I think 684 00:36:12,440 --> 00:36:14,640 Speaker 1: maybe they're looking at the in the couch cushions or 685 00:36:14,640 --> 00:36:17,479 Speaker 1: something like that. Somehow they just happened to find five 686 00:36:17,520 --> 00:36:20,480 Speaker 1: billion dollars they didn't know about. Good news. If you're 687 00:36:20,480 --> 00:36:22,800 Speaker 1: owed money from f t X, still it wouldn't be 688 00:36:22,840 --> 00:36:25,160 Speaker 1: holding your breath. Still, probably not a lot of money 689 00:36:25,160 --> 00:36:26,399 Speaker 1: to go around. If you're just tune in and listening 690 00:36:26,400 --> 00:36:28,239 Speaker 1: to the Mark mo Show, we're talking about some of 691 00:36:28,280 --> 00:36:31,200 Speaker 1: the latest breaking news in the end of the system 692 00:36:31,280 --> 00:36:33,000 Speaker 1: this week, talking about the way the world is changing 693 00:36:33,040 --> 00:36:36,160 Speaker 1: into a decentralized world. Hopefully that makes sense. I appreciate 694 00:36:36,200 --> 00:36:38,759 Speaker 1: you tune in. We'll be back each and every week 695 00:36:38,800 --> 00:36:40,480 Speaker 1: at the same time in the same channel, so put 696 00:36:40,480 --> 00:36:42,960 Speaker 1: a calendar reminder. Make sure to follow me on social 697 00:36:42,960 --> 00:36:45,680 Speaker 1: media at one Mark Moss. That's at one Mark Moss. 698 00:36:45,680 --> 00:36:46,919 Speaker 1: And if you miss any of that, you can catch 699 00:36:46,920 --> 00:36:50,720 Speaker 1: it on YouTube at Market Disruptors. And that's what I got. 700 00:36:50,800 --> 00:36:51,760 Speaker 1: Thanks so much for listening.