1
00:00:00,040 --> 00:00:02,080
Speaker 1: Hello, and welcome back to another episode of The Mark

2
00:00:02,160 --> 00:00:05,440
Speaker 1: Moss Show. Or talk about the decentralized Revolution each and

3
00:00:05,440 --> 00:00:07,080
Speaker 1: every week. Of course, we look at it through the

4
00:00:07,120 --> 00:00:11,719
Speaker 1: lens of politics, finance, and technology to give you context

5
00:00:11,760 --> 00:00:13,920
Speaker 1: of what's happening. And I try to bring to you,

6
00:00:13,920 --> 00:00:16,440
Speaker 1: you know, some big topics and big subjects to help

7
00:00:16,480 --> 00:00:20,000
Speaker 1: you change the way you think about things, because, as

8
00:00:20,040 --> 00:00:21,880
Speaker 1: I like to say, almost everything you've learned is wrong.

9
00:00:22,040 --> 00:00:23,799
Speaker 1: Almost everything they're telling you is wrong. You have to

10
00:00:23,840 --> 00:00:25,880
Speaker 1: learn how to think through that. I like to bring

11
00:00:25,920 --> 00:00:28,440
Speaker 1: to you some of the latest breaking news headlines so

12
00:00:28,480 --> 00:00:32,120
Speaker 1: you know exactly what's going on, and some guests so

13
00:00:32,159 --> 00:00:33,600
Speaker 1: you don't have to listen to me talk all the time.

14
00:00:33,760 --> 00:00:35,640
Speaker 1: And I want to talk about some of the latest

15
00:00:35,680 --> 00:00:38,000
Speaker 1: breaking news headlines that happened this week to keep you

16
00:00:38,040 --> 00:00:41,120
Speaker 1: in the know. And you know, my favorite thing to

17
00:00:41,120 --> 00:00:43,720
Speaker 1: talk about, as we talked about the decentralized revolution is

18
00:00:43,720 --> 00:00:47,279
Speaker 1: of course the technology that's bringing the decentralized revolution, which

19
00:00:47,320 --> 00:00:51,159
Speaker 1: of course is bitcoin. And bitcoin has been all over

20
00:00:51,200 --> 00:00:54,320
Speaker 1: the news the last two weeks because of course it's

21
00:00:54,360 --> 00:00:57,120
Speaker 1: back from the dead again. Bitcoin has been dead I

22
00:00:57,120 --> 00:00:59,760
Speaker 1: don't know four hundred times or six hundred times as

23
00:00:59,800 --> 00:01:02,000
Speaker 1: long as I've been following it. It always dies, but

24
00:01:02,120 --> 00:01:05,240
Speaker 1: yet somehow it always seems to come back from the dead.

25
00:01:05,640 --> 00:01:08,679
Speaker 1: And that's kind of where we're at today, and that's

26
00:01:08,720 --> 00:01:10,760
Speaker 1: part of why it's in the news. The price of

27
00:01:10,840 --> 00:01:15,400
Speaker 1: bitcoin kind of woke up from a slumber. Since about November.

28
00:01:15,520 --> 00:01:18,480
Speaker 1: It's been down in this kind of like fifteen sixteen

29
00:01:18,520 --> 00:01:22,240
Speaker 1: thousand dollars range, and it just kind of basically sat there.

30
00:01:22,400 --> 00:01:26,560
Speaker 1: It was that it was about twenty one thousand, so

31
00:01:26,720 --> 00:01:28,840
Speaker 1: kind of in November we kind of were sitting at

32
00:01:28,880 --> 00:01:32,399
Speaker 1: twenty thousand range. Then it dropped down into that kind

33
00:01:32,440 --> 00:01:36,040
Speaker 1: of fifteen sixteen thousand all range when the FTX fiasco happened,

34
00:01:36,280 --> 00:01:37,920
Speaker 1: and it just sat there for a couple of months.

35
00:01:37,920 --> 00:01:41,480
Speaker 1: In November December. We saw in December it popped up

36
00:01:41,480 --> 00:01:44,920
Speaker 1: to like seventeen thousand, back down to fifteen sixteen thousand,

37
00:01:44,959 --> 00:01:48,000
Speaker 1: but finally it took off the first of the year

38
00:01:48,600 --> 00:01:52,320
Speaker 1: and went up almost fifty percent, and so bitcoin's back

39
00:01:52,400 --> 00:01:55,480
Speaker 1: from the dead. It's down a little bit right now,

40
00:01:56,800 --> 00:01:59,640
Speaker 1: it's still up about thirty over thirty, with about thirty

41
00:01:59,640 --> 00:02:02,440
Speaker 1: five sin since it really started making that move at

42
00:02:02,480 --> 00:02:04,960
Speaker 1: the end of the year. But as it comes back

43
00:02:05,080 --> 00:02:07,920
Speaker 1: from the dead again over and over and over, of

44
00:02:07,960 --> 00:02:10,080
Speaker 1: course it starts making news headlines. And one of the

45
00:02:10,120 --> 00:02:11,960
Speaker 1: news headlines I saw this week I wanted to talk

46
00:02:12,000 --> 00:02:15,000
Speaker 1: about because it was just I just have to say

47
00:02:15,040 --> 00:02:18,440
Speaker 1: something about it. And it's a shame because maybe one

48
00:02:18,480 --> 00:02:23,000
Speaker 1: of my most often quoted people is not Warren Buffett,

49
00:02:23,040 --> 00:02:26,239
Speaker 1: but his partner, Charlie Munger. Charlie Munger, A lot of

50
00:02:26,280 --> 00:02:28,520
Speaker 1: people don't know him. Of course, everybody knows Warren Buffett,

51
00:02:28,840 --> 00:02:31,120
Speaker 1: but it's been his partner forever. What he does talk

52
00:02:31,160 --> 00:02:33,720
Speaker 1: about all the time drives me crazyas he talks about bitcoin.

53
00:02:34,360 --> 00:02:36,160
Speaker 1: And the reason why it drives me crazy is because

54
00:02:36,560 --> 00:02:39,799
Speaker 1: he's such a smart guy. He's done so much in

55
00:02:39,840 --> 00:02:43,880
Speaker 1: his career. He he knows so much about things, more

56
00:02:43,919 --> 00:02:46,960
Speaker 1: than I could ever even imagine. He's you know, he's

57
00:02:46,960 --> 00:02:48,959
Speaker 1: written so many good things. He has, like I said,

58
00:02:48,960 --> 00:02:51,640
Speaker 1: so many quotes I use all the time. But he's

59
00:02:51,720 --> 00:02:54,720
Speaker 1: so wrong on his views on bitcoin for a couple

60
00:02:54,760 --> 00:02:58,680
Speaker 1: of reasons. And nobody knows the future, so it's not

61
00:02:58,720 --> 00:03:00,400
Speaker 1: like he's saying it's not going to say and I'm

62
00:03:00,400 --> 00:03:02,160
Speaker 1: saying it's going to survive and I'm saying he's wrong.

63
00:03:02,200 --> 00:03:04,880
Speaker 1: We don't know the future. He's wrong for a couple

64
00:03:04,880 --> 00:03:11,800
Speaker 1: of reasons. One, he's wrong because he's calling for the

65
00:03:11,919 --> 00:03:16,639
Speaker 1: United States government to ban it. As a matter of fact,

66
00:03:16,760 --> 00:03:21,400
Speaker 1: he's gone on to praise China, being a communist country

67
00:03:21,600 --> 00:03:26,400
Speaker 1: and how they've dealt with this, and that's wrong. So

68
00:03:26,919 --> 00:03:30,360
Speaker 1: he may be right. Maybe bitcoin doesn't succeed, maybe it

69
00:03:30,440 --> 00:03:33,799
Speaker 1: all falls apart, Maybe we don't know. Time will tell.

70
00:03:34,360 --> 00:03:36,840
Speaker 1: But he's always going to be wrong. Anybody's always going

71
00:03:36,920 --> 00:03:39,040
Speaker 1: to be wrong when they're calling for the government to

72
00:03:39,080 --> 00:03:43,480
Speaker 1: come out and take away our free right to play

73
00:03:43,520 --> 00:03:47,480
Speaker 1: with technology, to use technology, to do what we want

74
00:03:47,560 --> 00:03:51,119
Speaker 1: technology or anything like. We're in America, We're the land

75
00:03:51,120 --> 00:03:53,960
Speaker 1: of the Free. And for him to call out openly

76
00:03:54,040 --> 00:03:56,280
Speaker 1: for the government to come in and make it illegal,

77
00:03:57,120 --> 00:04:03,840
Speaker 1: that's wrong. He's also wrongs he hasn't really put any

78
00:04:03,960 --> 00:04:05,840
Speaker 1: time into it at all. As a matter of fact,

79
00:04:05,840 --> 00:04:08,120
Speaker 1: he said as much, Right, why would I spend any

80
00:04:08,160 --> 00:04:10,640
Speaker 1: time studying that scam thing? Right, So he has put

81
00:04:10,840 --> 00:04:14,680
Speaker 1: zero time into it, and so trying to pretend like

82
00:04:14,800 --> 00:04:16,719
Speaker 1: you know what you're talking about, or trying to pretend

83
00:04:16,760 --> 00:04:19,200
Speaker 1: that you're somebody that should be talking about it when

84
00:04:19,200 --> 00:04:22,520
Speaker 1: you haven't put any time into it is intellectually dishonest.

85
00:04:22,960 --> 00:04:25,520
Speaker 1: A better answer might be, you know what, if he

86
00:04:25,600 --> 00:04:28,000
Speaker 1: was going to respond to the news is he might say,

87
00:04:28,000 --> 00:04:29,599
Speaker 1: you know what, I haven't put any time into studying it,

88
00:04:29,600 --> 00:04:32,080
Speaker 1: so I don't really have a comment. That could be

89
00:04:32,120 --> 00:04:34,160
Speaker 1: a better one to say. Of course, that doesn't get

90
00:04:34,160 --> 00:04:37,000
Speaker 1: the news headlines that they want. So as this has

91
00:04:37,000 --> 00:04:41,640
Speaker 1: been kind of coming backing up, everybody's favorite proponent of bitcoin,

92
00:04:41,720 --> 00:04:44,360
Speaker 1: Michael Sailor, he had something to say, and he said

93
00:04:44,400 --> 00:04:48,280
Speaker 1: that if Munger were a business leader in South America

94
00:04:48,440 --> 00:04:51,760
Speaker 1: or Africa or Asia, and he spent one hundred hours

95
00:04:51,800 --> 00:04:55,280
Speaker 1: studying the problem, he'd be more bullish on bitcoin than

96
00:04:55,320 --> 00:04:58,640
Speaker 1: I am. Now, this is Michael Sailor, who's put billions

97
00:04:58,680 --> 00:05:01,320
Speaker 1: of dollars into bitcoin, and he's saying Munger would be

98
00:05:01,480 --> 00:05:05,080
Speaker 1: even more bullish if he looked at it from the world,

99
00:05:06,120 --> 00:05:08,120
Speaker 1: from a different world view, from being in a different country,

100
00:05:08,240 --> 00:05:10,360
Speaker 1: and you'd put a little bit of time into studying it.

101
00:05:10,920 --> 00:05:14,000
Speaker 1: What Sailor calls quote the plight of the common man

102
00:05:15,880 --> 00:05:18,840
Speaker 1: is better illustrated by the recent events in Lebanon, Argentina,

103
00:05:18,920 --> 00:05:23,040
Speaker 1: Sri Lanka, Nigeria, Venezuela, And what those countries all have

104
00:05:23,080 --> 00:05:27,000
Speaker 1: in common is those currencies have completely collapsed. When you

105
00:05:27,040 --> 00:05:30,000
Speaker 1: live in a country like Lebanon, Argentina, Sri Lanka, where

106
00:05:30,000 --> 00:05:33,520
Speaker 1: your currency just disappears and all your life savings disappear

107
00:05:33,560 --> 00:05:36,320
Speaker 1: with it, in the market's all going to turmoil because

108
00:05:36,320 --> 00:05:39,880
Speaker 1: of that, what do you do. You just lose all

109
00:05:39,920 --> 00:05:41,880
Speaker 1: your money and you're just okay with it. So what

110
00:05:42,240 --> 00:05:44,559
Speaker 1: he's saying is that Charlie Munger has this very US

111
00:05:44,640 --> 00:05:46,760
Speaker 1: centric viewpoint, and that's what I find all the time

112
00:05:46,800 --> 00:05:49,239
Speaker 1: with bitcoin is a lot of people in the United

113
00:05:49,279 --> 00:05:52,680
Speaker 1: States sitting at the bar in Manhattan drinking a twenty

114
00:05:52,680 --> 00:05:54,679
Speaker 1: dollar cocktail, are like, why do we need a different

115
00:05:54,720 --> 00:05:57,000
Speaker 1: form of money? But when you live in Nigeria or

116
00:05:57,000 --> 00:06:01,000
Speaker 1: Sri Lanka, Argentina, or Lebanon or Venezuela, you know why

117
00:06:01,040 --> 00:06:03,600
Speaker 1: we need a different form of money. It's not working

118
00:06:03,640 --> 00:06:06,960
Speaker 1: for you. It's failed. And so if he was a

119
00:06:07,000 --> 00:06:09,440
Speaker 1: business owner, a business leader in one of those countries

120
00:06:09,800 --> 00:06:13,560
Speaker 1: watching his money disappear, knowing that any time it could

121
00:06:13,600 --> 00:06:17,120
Speaker 1: basically just all evaporate, then he would be looking for

122
00:06:17,160 --> 00:06:19,200
Speaker 1: another solution. Monger has a lot of money he wouldn't

123
00:06:19,200 --> 00:06:21,440
Speaker 1: want it to disappear. But he's coming from a US

124
00:06:21,480 --> 00:06:24,240
Speaker 1: centric viewpoint. So one, his viewpoint is wrong. Two, he

125
00:06:24,240 --> 00:06:27,320
Speaker 1: hasn't put the research in. Three, when you're openly calling

126
00:06:27,440 --> 00:06:30,200
Speaker 1: for the land of the Free and a free country

127
00:06:30,240 --> 00:06:34,520
Speaker 1: to make things illegal, I'm sorry, you're just wrong. You're

128
00:06:34,560 --> 00:06:39,560
Speaker 1: just wrong. Now, another big well known investor, Ray Dalio,

129
00:06:39,640 --> 00:06:43,040
Speaker 1: of course, he has lots of things to say about bitcoins.

130
00:06:43,920 --> 00:06:46,760
Speaker 1: He's come around a bitcoin. At first he was he

131
00:06:46,760 --> 00:06:49,080
Speaker 1: didn't like bitcoin, that he was skeptical of bitcoin, that

132
00:06:49,200 --> 00:06:53,599
Speaker 1: he was interested in bitcoin, then he liked bitcoin, and

133
00:06:53,680 --> 00:06:56,719
Speaker 1: now this week he says that still doesn't like bitcoin,

134
00:06:56,760 --> 00:07:00,960
Speaker 1: but thinks inflation beating coin could work. So he says, quote,

135
00:07:00,960 --> 00:07:06,279
Speaker 1: it's not going to be an effective money. It's not

136
00:07:06,320 --> 00:07:08,360
Speaker 1: going to be an effective money. What I like about

137
00:07:08,400 --> 00:07:12,280
Speaker 1: these guys is that they don't maybe even understand what

138
00:07:12,360 --> 00:07:17,120
Speaker 1: that means. So he says, it's not an effective medium

139
00:07:17,160 --> 00:07:22,280
Speaker 1: of exchange. Why not? In order for a collectible to

140
00:07:22,280 --> 00:07:24,960
Speaker 1: become a store value, to eventually become a medium exchange,

141
00:07:24,960 --> 00:07:27,920
Speaker 1: it must have certain attributes. It must be portable, it

142
00:07:28,040 --> 00:07:32,280
Speaker 1: must be durable, it must be divisible, it must be recognizable,

143
00:07:32,360 --> 00:07:37,040
Speaker 1: salable and it must be fungible. So does it fit

144
00:07:37,120 --> 00:07:39,720
Speaker 1: those Does it fit those attributes? Yes, And as a

145
00:07:39,720 --> 00:07:42,240
Speaker 1: matter of fact, I would happily argue with him or

146
00:07:42,240 --> 00:07:45,440
Speaker 1: anybody else that it actually matches all of those attributes

147
00:07:45,520 --> 00:07:49,200
Speaker 1: better than anything else. Gold emerged as the best form

148
00:07:49,240 --> 00:07:53,560
Speaker 1: of money because it had the best attributes. You can't

149
00:07:53,640 --> 00:07:56,640
Speaker 1: use bananas because they're they're not durable. You can't use

150
00:07:56,760 --> 00:07:59,760
Speaker 1: old car that's collectible because it's not it's not divisible,

151
00:08:01,080 --> 00:08:03,640
Speaker 1: and it's not portable. And gold is not portable either.

152
00:08:03,720 --> 00:08:06,720
Speaker 1: Gold cannot be sent over to space and bitcoin can.

153
00:08:06,880 --> 00:08:10,640
Speaker 1: So for Radali to say this, I mean again, maybe

154
00:08:10,640 --> 00:08:13,040
Speaker 1: he should do a little bit of researchers or take

155
00:08:13,080 --> 00:08:14,960
Speaker 1: a backseat and just say, hey, look I'm not the

156
00:08:15,000 --> 00:08:16,600
Speaker 1: expert in this. I don't get it. But when he

157
00:08:16,640 --> 00:08:18,560
Speaker 1: comes out and says things like this, it just shows

158
00:08:18,560 --> 00:08:20,480
Speaker 1: that he just doesn't know what he's talking about. It's

159
00:08:20,520 --> 00:08:23,040
Speaker 1: not an effective media exchange. Well, it has all the attributes.

160
00:08:23,040 --> 00:08:25,120
Speaker 1: As a matter of fact, it has better attributes in

161
00:08:25,160 --> 00:08:29,880
Speaker 1: regards to media exchange than anything else does. You can't

162
00:08:29,920 --> 00:08:33,679
Speaker 1: send ten cents across the internet, you can't do it.

163
00:08:33,800 --> 00:08:36,800
Speaker 1: The dollar doesn't work gold doesn't work. You can't send

164
00:08:36,840 --> 00:08:40,800
Speaker 1: gold over the internet, so it's more portable. Now, it's

165
00:08:40,840 --> 00:08:44,320
Speaker 1: not as recognizable. More people take dollars across the world

166
00:08:44,559 --> 00:08:47,360
Speaker 1: than they will bitcoin, but it's in the top five

167
00:08:47,880 --> 00:08:50,040
Speaker 1: and that's only in twelve years. It's on its way,

168
00:08:50,520 --> 00:08:52,720
Speaker 1: so that's something to keep in mind. If you're just

169
00:08:52,720 --> 00:08:54,440
Speaker 1: tuning in, you're listening to the Mark Moas Show, we're

170
00:08:54,440 --> 00:08:57,280
Speaker 1: talking about some of the latest breaking news headlines that

171
00:08:57,320 --> 00:09:00,160
Speaker 1: came out this week talking about bitcoin and what what

172
00:09:00,440 --> 00:09:02,760
Speaker 1: some of these well known people like Charlie Munger and

173
00:09:02,840 --> 00:09:04,319
Speaker 1: Ray dalily I had to say about it. I got

174
00:09:04,320 --> 00:09:06,360
Speaker 1: a lot more to cover when I come back, some

175
00:09:06,480 --> 00:09:09,480
Speaker 1: big stories on what's going on with China, the spy balloon,

176
00:09:10,040 --> 00:09:13,120
Speaker 1: potential war, what's going on with FED, the economy, and more.

177
00:09:13,360 --> 00:09:14,600
Speaker 1: A lots of cover when I come back. You don't

178
00:09:14,640 --> 00:09:16,199
Speaker 1: want to miss it, so don't go away. I'll be

179
00:09:16,280 --> 00:09:19,440
Speaker 1: right back. All right, Welcome back. If you just tune in,

180
00:09:19,440 --> 00:09:21,440
Speaker 1: you're listening to the Mark Moas Show. We're talking about

181
00:09:21,440 --> 00:09:24,120
Speaker 1: the Decentralized Revolution, and we're going through some of the

182
00:09:24,120 --> 00:09:28,840
Speaker 1: biggest news headlines this week, and there is plenty to

183
00:09:28,920 --> 00:09:33,199
Speaker 1: go around now. The news story that seemed to dominate

184
00:09:33,280 --> 00:09:37,120
Speaker 1: the news headlines this week were can you guess it?

185
00:09:38,080 --> 00:09:39,840
Speaker 1: Putting the comments down below what you think it is?

186
00:09:40,240 --> 00:09:42,440
Speaker 1: Come on, it was the China spy balloon, right. It

187
00:09:42,520 --> 00:09:46,280
Speaker 1: was all over the news. It was on every news website,

188
00:09:46,480 --> 00:09:50,360
Speaker 1: on every news channel. Spy balloon, spy balloon, spy balloon.

189
00:09:50,840 --> 00:09:55,280
Speaker 1: At Biden's State of the Union address this week, Rep.

190
00:09:55,360 --> 00:09:58,160
Speaker 1: Marjorie from Florida was like carrying a balloon with her

191
00:09:58,200 --> 00:10:00,400
Speaker 1: in there, just kind of mocking it. It's all over

192
00:10:00,440 --> 00:10:02,360
Speaker 1: the place. A couple of things I want to talk

193
00:10:02,360 --> 00:10:04,800
Speaker 1: about specifically in this that I don't think I haven't

194
00:10:04,800 --> 00:10:07,079
Speaker 1: seen anybody else talk about. But what I want to

195
00:10:07,120 --> 00:10:11,560
Speaker 1: talk about is why why are we all talking about

196
00:10:11,600 --> 00:10:16,800
Speaker 1: the spy balloon? Have you thought about that? Now? You

197
00:10:16,840 --> 00:10:21,360
Speaker 1: may not realize this, but you think about whatever they

198
00:10:21,679 --> 00:10:24,760
Speaker 1: want you to think about. You think about whatever the

199
00:10:24,800 --> 00:10:28,800
Speaker 1: current thing is. So when they don't want you to

200
00:10:28,840 --> 00:10:31,920
Speaker 1: talk about something, they don't talk about it. So, for example,

201
00:10:31,920 --> 00:10:34,360
Speaker 1: the Twitter files. I talked about the Twitter files here.

202
00:10:34,840 --> 00:10:37,240
Speaker 1: I think it was a massive piece of news and

203
00:10:37,360 --> 00:10:40,920
Speaker 1: everyone should have covered it, but yet nobody did. No

204
00:10:41,000 --> 00:10:43,920
Speaker 1: news outlets except for Fox covered it at all. Because

205
00:10:43,960 --> 00:10:45,520
Speaker 1: they don't want you to know about it. They don't

206
00:10:45,520 --> 00:10:47,920
Speaker 1: want you to talk about it. So why do they

207
00:10:48,240 --> 00:10:51,600
Speaker 1: decide to completely bury things that should be talked about,

208
00:10:52,360 --> 00:10:54,640
Speaker 1: And then something trivial like a balloon and they talk

209
00:10:54,640 --> 00:10:57,920
Speaker 1: about it all the time. Now, even more importantly, why

210
00:10:57,920 --> 00:11:00,160
Speaker 1: are they talking about the balloon all the time right now? Now?

211
00:11:00,360 --> 00:11:02,920
Speaker 1: Is it because it was such a big threat? Is

212
00:11:02,960 --> 00:11:06,240
Speaker 1: it because China was actually using this to spy on

213
00:11:06,360 --> 00:11:08,760
Speaker 1: us and this was a threat to our national security

214
00:11:09,080 --> 00:11:11,440
Speaker 1: and we have to crack down on China with this

215
00:11:13,040 --> 00:11:17,520
Speaker 1: a balloon? So we let China spy on us, We

216
00:11:17,679 --> 00:11:20,679
Speaker 1: let them bribe our professors in college, we let them

217
00:11:21,080 --> 00:11:22,880
Speaker 1: steal our secrets out of the university, We let them

218
00:11:22,880 --> 00:11:25,760
Speaker 1: steal all our companies ips over in China. We let

219
00:11:25,840 --> 00:11:27,560
Speaker 1: them buy up all the farm land, we let them

220
00:11:27,559 --> 00:11:29,680
Speaker 1: buy the strategic land next to all the military bases.

221
00:11:29,880 --> 00:11:33,680
Speaker 1: Listen to all of that, But the balloon is a

222
00:11:33,679 --> 00:11:38,760
Speaker 1: big problem. And that's my point. There's way worse things

223
00:11:38,800 --> 00:11:41,360
Speaker 1: that are being done every single day in the open

224
00:11:41,800 --> 00:11:45,000
Speaker 1: that China is doing to damage the United States national

225
00:11:45,040 --> 00:11:48,960
Speaker 1: security every single day, Massive things that never get one

226
00:11:49,000 --> 00:11:53,760
Speaker 1: single mention. But you had a balloon harmless balloon. Now

227
00:11:53,760 --> 00:11:56,880
Speaker 1: sure it's probably spine. Yeah, okay, so it's taking pictures

228
00:11:56,880 --> 00:11:58,600
Speaker 1: and that's not good. I don't want that to happen.

229
00:11:58,720 --> 00:12:02,200
Speaker 1: But they got da lights that do that. What's even

230
00:12:02,240 --> 00:12:05,560
Speaker 1: worse is the spies here. What about their own police

231
00:12:05,600 --> 00:12:07,960
Speaker 1: that they're running inside the United States to police their

232
00:12:07,960 --> 00:12:12,320
Speaker 1: own citizens in our country. There's way worse things that

233
00:12:12,360 --> 00:12:14,679
Speaker 1: should be talked about. Now. The question that I will

234
00:12:14,720 --> 00:12:17,480
Speaker 1: bring you back to is, so, why are we talking

235
00:12:17,520 --> 00:12:20,160
Speaker 1: about the balloon? Why are we not talking about all

236
00:12:20,160 --> 00:12:22,800
Speaker 1: these other things? Now? Big news this week I saw

237
00:12:22,960 --> 00:12:28,320
Speaker 1: was that a town in North Dakota council unanimously votes

238
00:12:28,440 --> 00:12:32,640
Speaker 1: down Chinese company's local project. So City Council, North Dakota

239
00:12:32,760 --> 00:12:37,240
Speaker 1: voted towards protecting national security and national sovereignty in just

240
00:12:37,280 --> 00:12:39,800
Speaker 1: the latest move against taking a stand against the Chinese

241
00:12:39,840 --> 00:12:43,400
Speaker 1: Communist Party the CCP attempting to purchase control of the

242
00:12:43,520 --> 00:12:48,440
Speaker 1: United States. So Grand Forks, North Dakota got cheers from

243
00:12:48,520 --> 00:12:52,720
Speaker 1: all the attendees that were chanting USA USA. They to

244
00:12:52,800 --> 00:12:55,320
Speaker 1: prevent this Chinese company from moving ahead with plans to

245
00:12:55,320 --> 00:12:58,520
Speaker 1: develop a corn mill on land that they had purchased

246
00:12:58,840 --> 00:13:02,480
Speaker 1: near Grand Forks. Air Force base. So the Chinese had

247
00:13:02,520 --> 00:13:05,800
Speaker 1: already bought the land next to the Air Force base,

248
00:13:06,679 --> 00:13:09,920
Speaker 1: a strategic military base. They spent two point three millions

249
00:13:09,960 --> 00:13:13,920
Speaker 1: to take ownership of the three hundred acre plot twelve

250
00:13:14,000 --> 00:13:20,559
Speaker 1: miles from the base, home to a top secret drone technology.

251
00:13:21,840 --> 00:13:24,320
Speaker 1: This isn't just a base, this isn't one of our

252
00:13:24,360 --> 00:13:29,640
Speaker 1: strategic bases working on top secret drone technology. Now, the

253
00:13:29,720 --> 00:13:33,040
Speaker 1: CCP was offering, you know, millions of dollars of tax revenue,

254
00:13:33,320 --> 00:13:37,080
Speaker 1: two hundred jobs to the town, all these things, but

255
00:13:37,200 --> 00:13:40,160
Speaker 1: the town said, no, we're going to shut that down. Okay,

256
00:13:40,400 --> 00:13:42,559
Speaker 1: those are stories we should be talking about. Why are

257
00:13:42,559 --> 00:13:46,199
Speaker 1: they acquiring strategic land next to our top secret drone technology,

258
00:13:46,480 --> 00:13:51,240
Speaker 1: Why are they acquiring our best farm land, etc. But

259
00:13:51,320 --> 00:13:54,720
Speaker 1: we're not talking about that. You didn't hear about this

260
00:13:54,800 --> 00:13:58,199
Speaker 1: story in Grand Forks, right, This is on small little

261
00:13:58,200 --> 00:14:00,560
Speaker 1: news outlets. I had to dig this up under So

262
00:14:00,679 --> 00:14:05,040
Speaker 1: why again are we talking about the balloon? Now? If

263
00:14:05,080 --> 00:14:08,280
Speaker 1: you're asking me, I would say, well, they want us

264
00:14:08,320 --> 00:14:13,680
Speaker 1: to think that China spying on us without really directing

265
00:14:13,679 --> 00:14:16,880
Speaker 1: our attention to what's really going on. So then I

266
00:14:16,880 --> 00:14:19,760
Speaker 1: would ask myself, well, why do they want us to

267
00:14:19,880 --> 00:14:25,240
Speaker 1: get enraged about China spying on us. Well, so they

268
00:14:25,240 --> 00:14:29,200
Speaker 1: can get public sentiment to not like China. Well why

269
00:14:29,240 --> 00:14:33,200
Speaker 1: would they want public sentiment to not like China. Well

270
00:14:33,520 --> 00:14:36,600
Speaker 1: maybe if we want to continue to sanction China and

271
00:14:36,640 --> 00:14:39,080
Speaker 1: potentially go to war with China, they're going to need

272
00:14:39,080 --> 00:14:43,400
Speaker 1: the public to not like China. So would this be

273
00:14:43,520 --> 00:14:46,280
Speaker 1: a way for them to build sentiment towards potentially going

274
00:14:46,320 --> 00:14:52,440
Speaker 1: to war with China. You know, things are escalating pretty quick. Obviously,

275
00:14:52,440 --> 00:14:55,360
Speaker 1: we have the whole Taiwan situation. President he wants to

276
00:14:55,360 --> 00:14:58,120
Speaker 1: take over Taiwan. You know, Biden and the US have

277
00:14:58,240 --> 00:15:01,360
Speaker 1: said we will not let you take Taiwan. So we

278
00:15:01,480 --> 00:15:03,400
Speaker 1: know that we're starting to build up a lot of

279
00:15:03,480 --> 00:15:07,320
Speaker 1: tension right there. We have the Pentagon has announced now

280
00:15:07,360 --> 00:15:10,320
Speaker 1: that we're moving military presence into the Philippines, trying to

281
00:15:10,400 --> 00:15:13,240
Speaker 1: kind of get ready for this armed conflict in the

282
00:15:13,240 --> 00:15:16,240
Speaker 1: Taiwan Straight. So there's lots of angling, There's lots of

283
00:15:16,280 --> 00:15:21,640
Speaker 1: maneuvering that are being done with China between Taiwan, between

284
00:15:21,680 --> 00:15:25,120
Speaker 1: the Taiwan Straight things like that. We also see that

285
00:15:25,520 --> 00:15:29,000
Speaker 1: as things between Russia and the US get more heated

286
00:15:29,040 --> 00:15:32,320
Speaker 1: and more focused, China is also getting more heated and focused.

287
00:15:32,320 --> 00:15:36,200
Speaker 1: And so we saw that Beijing, China is investing in

288
00:15:36,360 --> 00:15:39,960
Speaker 1: more nuclear weapons. They're getting ready as well. It's not

289
00:15:40,040 --> 00:15:43,240
Speaker 1: just the United States moving people over there. China is

290
00:15:43,280 --> 00:15:47,960
Speaker 1: also now building up its nuclear weapons. So again, what's

291
00:15:48,000 --> 00:15:51,640
Speaker 1: going on here? If China's investing in nuclear weapons, they're

292
00:15:51,680 --> 00:15:54,880
Speaker 1: investing in new long range missiles. They're not giving us

293
00:15:54,960 --> 00:15:59,240
Speaker 1: any type of dialogue. There's no open communication, there's no

294
00:15:59,320 --> 00:16:03,440
Speaker 1: transparent as to what they're doing. They know that NATO

295
00:16:03,960 --> 00:16:06,640
Speaker 1: has been expanded in Europe and is looking to expand

296
00:16:06,720 --> 00:16:10,680
Speaker 1: in the Indo Pacific region. So what's going on here?

297
00:16:11,880 --> 00:16:14,240
Speaker 1: And like I said in my opinion, they're getting this

298
00:16:14,320 --> 00:16:16,640
Speaker 1: ready for more war. Now, this should be a problem

299
00:16:16,680 --> 00:16:20,040
Speaker 1: for everybody because, first of all, why are we continuing

300
00:16:20,040 --> 00:16:21,720
Speaker 1: to go into these wars? The fact that we have

301
00:16:21,840 --> 00:16:25,560
Speaker 1: this potential nuclear war hanging over our heads already between

302
00:16:26,000 --> 00:16:29,000
Speaker 1: US and Russia over Ukraine. The fact that we have

303
00:16:29,520 --> 00:16:31,880
Speaker 1: one guy Biden or a group of people, however, you

304
00:16:31,880 --> 00:16:34,200
Speaker 1: want to look out at the neo cons that have

305
00:16:34,360 --> 00:16:38,880
Speaker 1: the right to drag us into a potential nuclear war

306
00:16:39,200 --> 00:16:43,920
Speaker 1: that could put my kids lives in danger because of

307
00:16:44,040 --> 00:16:48,200
Speaker 1: who controls CRIMEA. Do you even know where Crimea is

308
00:16:48,240 --> 00:16:50,520
Speaker 1: on a map, and do you care who controls it?

309
00:16:51,120 --> 00:16:53,480
Speaker 1: Russia used to control it, now Ukraine controls it. Now

310
00:16:53,560 --> 00:16:55,440
Speaker 1: Russia wants to control it again. What do you care?

311
00:16:56,400 --> 00:16:59,400
Speaker 1: Do you care enough to put your kids and your

312
00:16:59,480 --> 00:17:03,360
Speaker 1: grandkids and my grandkids lives in danger? But that's where

313
00:17:03,400 --> 00:17:07,040
Speaker 1: we're app So this looks like more war rhetoric to me.

314
00:17:07,119 --> 00:17:09,680
Speaker 1: I think that's why we're all hyped up on this balloon.

315
00:17:10,040 --> 00:17:12,240
Speaker 1: Hopefully you have enough to see through that, But of

316
00:17:12,240 --> 00:17:14,040
Speaker 1: course I'd love to hear your viewpoints on that. Hit

317
00:17:14,080 --> 00:17:16,000
Speaker 1: me up on social media. I'd like to hear more

318
00:17:16,600 --> 00:17:18,560
Speaker 1: from some of you guys. Hit me up on social

319
00:17:18,560 --> 00:17:20,840
Speaker 1: media at one Mark Moss. You can hit me up

320
00:17:20,880 --> 00:17:24,280
Speaker 1: on Instagram or on Twitter, ask me a question, tag

321
00:17:24,320 --> 00:17:26,399
Speaker 1: me in it, or let me know what you think about.

322
00:17:26,440 --> 00:17:30,000
Speaker 1: This is the balloon being angled to get us ready

323
00:17:30,040 --> 00:17:33,160
Speaker 1: to build sentiment against China, to get us ready for war.

324
00:17:33,520 --> 00:17:34,960
Speaker 1: I'd like to hear what you think. If you're just

325
00:17:34,960 --> 00:17:36,480
Speaker 1: tuning in, you're listening to the Mark mo Show, we're

326
00:17:36,480 --> 00:17:38,560
Speaker 1: going through some of the biggest breaking news headlines. This

327
00:17:38,680 --> 00:17:41,119
Speaker 1: we can talk about the decentralized revolution. I had a

328
00:17:41,119 --> 00:17:42,880
Speaker 1: lot more to cover when I come back. You don't

329
00:17:42,880 --> 00:17:45,000
Speaker 1: want to miss it, all right, Welcome back. If you're

330
00:17:45,000 --> 00:17:46,840
Speaker 1: just tune in, you're listening to the Mark Moa Show.

331
00:17:46,840 --> 00:17:49,640
Speaker 1: We're talking about the decentralized revolution, talking about the way

332
00:17:49,640 --> 00:17:52,320
Speaker 1: the world is changing right before our very eyes. We're

333
00:17:52,320 --> 00:17:55,040
Speaker 1: talking about some of the latest breaking news headlines this

334
00:17:55,119 --> 00:17:58,360
Speaker 1: week to show us how this is going down. Of course,

335
00:17:58,359 --> 00:18:01,159
Speaker 1: we look at it through the lens of politics, finance,

336
00:18:01,680 --> 00:18:05,480
Speaker 1: and technology, because those are the three drivers, and we

337
00:18:05,560 --> 00:18:08,440
Speaker 1: look at the where those three converge. Now, looking at

338
00:18:08,480 --> 00:18:13,679
Speaker 1: the finance piece, we know that about every eighty years

339
00:18:13,960 --> 00:18:17,600
Speaker 1: we have a financial revolution, the entire financial markets reset,

340
00:18:18,760 --> 00:18:21,520
Speaker 1: and that's what we're witnessing. We're witnessing the end of

341
00:18:21,560 --> 00:18:25,720
Speaker 1: a sovereign debt bubble. So all the big nations of

342
00:18:25,720 --> 00:18:27,960
Speaker 1: the world have taken on too much debt. They're in

343
00:18:27,960 --> 00:18:30,720
Speaker 1: a massive bubble and they're all crashing right now. And

344
00:18:30,720 --> 00:18:32,560
Speaker 1: that's where we're witnessing right now. And we can see,

345
00:18:32,840 --> 00:18:34,879
Speaker 1: of course, the biggest central bank in the world, the

346
00:18:35,640 --> 00:18:39,360
Speaker 1: US Federal Reserve, and the head of that, Jerome Powell,

347
00:18:39,480 --> 00:18:43,440
Speaker 1: has been busy trying to talk down markets and all

348
00:18:43,480 --> 00:18:45,440
Speaker 1: eyes that have been on the Fed, because the Feds

349
00:18:45,440 --> 00:18:48,520
Speaker 1: have been hell bent on bringing the markets down. When

350
00:18:48,520 --> 00:18:50,960
Speaker 1: I say the markets, I'm talking about the asset prices,

351
00:18:52,040 --> 00:18:54,440
Speaker 1: I'm talking about the asset prices. So you have to

352
00:18:54,520 --> 00:18:57,399
Speaker 1: understand there's a big difference between the economy and the

353
00:18:57,480 --> 00:19:00,159
Speaker 1: asset prices. So you saw in twenty twenty all the

354
00:19:00,200 --> 00:19:02,720
Speaker 1: businesses were shut down, the whole world was shut down,

355
00:19:02,800 --> 00:19:05,200
Speaker 1: but yet asset prices went to new all time highs.

356
00:19:05,680 --> 00:19:08,280
Speaker 1: So we don't have to look at the asset prices

357
00:19:08,320 --> 00:19:11,400
Speaker 1: and the economy together. And the FED has been hell

358
00:19:11,440 --> 00:19:13,840
Speaker 1: bent on bringing asset prices down because they want you

359
00:19:13,880 --> 00:19:16,440
Speaker 1: to feel broke, because if you feel broke, you don't

360
00:19:16,440 --> 00:19:18,840
Speaker 1: buy as many things. And if you don't buy as

361
00:19:18,920 --> 00:19:22,240
Speaker 1: many things, their hope is that then prices or inflation

362
00:19:22,440 --> 00:19:25,240
Speaker 1: comes back down. So the Fed's been hell bent on

363
00:19:25,359 --> 00:19:28,040
Speaker 1: raising rates at the fastest rate in history to try

364
00:19:28,040 --> 00:19:29,680
Speaker 1: to slow things down, and they've done a good job

365
00:19:29,680 --> 00:19:32,040
Speaker 1: of bringing the markets down. The markets have come crashing down.

366
00:19:33,000 --> 00:19:36,000
Speaker 1: The problem is that now we're at this point where

367
00:19:36,680 --> 00:19:40,399
Speaker 1: the markets, the traders, the investors don't really believe the

368
00:19:40,440 --> 00:19:45,320
Speaker 1: FED anymore. They don't believe the FED is capable of

369
00:19:45,320 --> 00:19:47,040
Speaker 1: doing what they're going to do. And I say capable

370
00:19:47,080 --> 00:19:50,440
Speaker 1: because I think at least for me and I would

371
00:19:50,480 --> 00:19:53,520
Speaker 1: think for most people, we believe that the FED and

372
00:19:53,640 --> 00:19:58,720
Speaker 1: Jerome Powell means what he says. We believe that he's serious.

373
00:19:58,800 --> 00:20:02,080
Speaker 1: We believe that he he believes it. So when he

374
00:20:02,119 --> 00:20:04,520
Speaker 1: says that he's going to raise rates and keep them

375
00:20:04,520 --> 00:20:07,159
Speaker 1: there for a long time, I think he believes it

376
00:20:07,240 --> 00:20:10,320
Speaker 1: and he means that. But he also said that they

377
00:20:10,359 --> 00:20:12,840
Speaker 1: were going to lower rates and they wouldn't raise them

378
00:20:12,880 --> 00:20:17,040
Speaker 1: for four years, and then they did after two. Now,

379
00:20:17,040 --> 00:20:19,080
Speaker 1: when he said they wouldn't raise them for four years,

380
00:20:19,080 --> 00:20:22,040
Speaker 1: I think he believed and meant that as well. But

381
00:20:22,040 --> 00:20:27,240
Speaker 1: what happens is things change, conditions change, there's constraints, and

382
00:20:27,240 --> 00:20:30,000
Speaker 1: they couldn't deal with this massive inflation, and so they

383
00:20:30,000 --> 00:20:33,480
Speaker 1: were forced to raise rates. Inflation came on way faster,

384
00:20:33,600 --> 00:20:36,160
Speaker 1: way harder, and ways way more sticky than they thought

385
00:20:36,160 --> 00:20:39,000
Speaker 1: it was going to be. Remember, they kept saying its transitory, transitory, transitory,

386
00:20:39,400 --> 00:20:42,639
Speaker 1: which it wasn't. And so when it was found to

387
00:20:42,640 --> 00:20:46,000
Speaker 1: be sticky and it wouldn't go away, they were forced

388
00:20:46,040 --> 00:20:48,680
Speaker 1: to raise rates sooner than the four years they had predicted.

389
00:20:48,920 --> 00:20:52,720
Speaker 1: And so now Jerome Pale's committed to it. He's committed

390
00:20:52,760 --> 00:20:55,639
Speaker 1: to continuing to crush the markets, and he's content, and

391
00:20:55,640 --> 00:20:58,560
Speaker 1: he's committed to taking rates high and leaving them for

392
00:20:58,640 --> 00:21:02,120
Speaker 1: a long time. The problem is, even though we believe him,

393
00:21:02,240 --> 00:21:04,680
Speaker 1: we understand that there's constraints that will keep him from

394
00:21:04,680 --> 00:21:06,920
Speaker 1: doing that. And so that's kind of where we're at,

395
00:21:06,920 --> 00:21:08,920
Speaker 1: and we're already starting to see the signs of this

396
00:21:09,119 --> 00:21:11,120
Speaker 1: being angled. There's a couple of signs to look at.

397
00:21:11,560 --> 00:21:16,200
Speaker 1: I think one sign is that the government, the US

398
00:21:16,280 --> 00:21:22,640
Speaker 1: government and the Treasury is at odds with the Federal Reserve,

399
00:21:23,520 --> 00:21:27,400
Speaker 1: and so those two have different interests. The Federal Reserve

400
00:21:27,600 --> 00:21:31,000
Speaker 1: wants to protect the monetary system, that's the dollar and

401
00:21:31,080 --> 00:21:34,639
Speaker 1: the banking system, while the government wants to of course,

402
00:21:34,840 --> 00:21:37,200
Speaker 1: not go out of business, not go broken, not default

403
00:21:37,280 --> 00:21:41,399
Speaker 1: on their debt. The US government wants to continue to

404
00:21:42,000 --> 00:21:47,080
Speaker 1: buy votes through social spending and not go bankrupt. They

405
00:21:47,119 --> 00:21:49,959
Speaker 1: don't care about the dollar, really, and they don't care

406
00:21:49,960 --> 00:21:53,080
Speaker 1: about the monetary system. That's not that's not their viewpoint.

407
00:21:53,280 --> 00:21:56,160
Speaker 1: And so we have the Treasury being head by Janet Yellen,

408
00:21:56,480 --> 00:21:59,040
Speaker 1: and we have the Fed head up by Jerome Powell,

409
00:21:59,320 --> 00:22:03,719
Speaker 1: and they have different viewpoints, they have different goals and objectives.

410
00:22:04,880 --> 00:22:08,280
Speaker 1: And throughout this interesting inflection point, and we've seen the

411
00:22:08,400 --> 00:22:11,560
Speaker 1: government is starting to angle to force the Fed's hand.

412
00:22:11,560 --> 00:22:15,680
Speaker 1: A couple things that happen. One, we saw the BLS,

413
00:22:15,760 --> 00:22:19,960
Speaker 1: the Bureau of Labor Statistics, went and change the calculation

414
00:22:20,160 --> 00:22:23,800
Speaker 1: on CPI, which is the way that we measure inflation.

415
00:22:24,040 --> 00:22:26,640
Speaker 1: So if the FED is focused on bringing inflation down

416
00:22:27,600 --> 00:22:30,360
Speaker 1: and they're going to commit to it until the inflation

417
00:22:30,560 --> 00:22:34,200
Speaker 1: is backed down, well, the BLS the government just went

418
00:22:34,240 --> 00:22:38,240
Speaker 1: and change the calculation, which just brings inflation down easy.

419
00:22:38,440 --> 00:22:40,399
Speaker 1: We don't actually have to bring inflation down, let's just

420
00:22:40,440 --> 00:22:43,360
Speaker 1: change the way we calculated. And that's exactly what they did,

421
00:22:43,800 --> 00:22:47,320
Speaker 1: and that starts to push the Fed's hand. On top

422
00:22:47,359 --> 00:22:51,439
Speaker 1: of that, Janet Yellen has been pivoting the treasury to

423
00:22:51,840 --> 00:22:57,920
Speaker 1: play with the treasury market without the FED involvement. Now

424
00:22:57,960 --> 00:23:00,400
Speaker 1: this kind of leaves them stuck. And now we're starting

425
00:23:00,400 --> 00:23:02,719
Speaker 1: to see the FED starting to come around this. And

426
00:23:02,800 --> 00:23:05,600
Speaker 1: so what we saw is that the FED meeting just

427
00:23:05,680 --> 00:23:08,800
Speaker 1: happened for January and they decided to raise interest rates

428
00:23:08,880 --> 00:23:12,080
Speaker 1: only twenty five basis points, when they had originally been

429
00:23:12,080 --> 00:23:14,560
Speaker 1: expecting a fifty point basis hike. So what does that mean.

430
00:23:14,760 --> 00:23:20,960
Speaker 1: That means they're not pivoting, but they're slowing to a pause.

431
00:23:22,280 --> 00:23:25,800
Speaker 1: So as they're raising rates, a pivot would to me

432
00:23:25,800 --> 00:23:28,320
Speaker 1: mean that they're now lowering rates. A pause means we're

433
00:23:28,320 --> 00:23:30,399
Speaker 1: just gonna hold and we're gon we're gonna stay. We're wrapped.

434
00:23:31,480 --> 00:23:34,520
Speaker 1: And so they decided to raise rates only twenty five

435
00:23:34,600 --> 00:23:37,880
Speaker 1: basis points, and they said that there would be quote

436
00:23:38,040 --> 00:23:45,240
Speaker 1: ongoing increases potentially, but because inflation has eased somewhat, they

437
00:23:45,280 --> 00:23:47,920
Speaker 1: reserve the right to do more, but we'll see how

438
00:23:47,960 --> 00:23:50,159
Speaker 1: it goes sort of thing. And so this is like

439
00:23:50,480 --> 00:23:53,680
Speaker 1: a softening. The FED really wants to get this two

440
00:23:53,760 --> 00:23:57,800
Speaker 1: percent inflation target, but they're already well on their way.

441
00:23:58,520 --> 00:24:00,480
Speaker 1: And I think we're a combination of the direction that

442
00:24:00,480 --> 00:24:03,159
Speaker 1: we're already headed, which is heading down to two percent,

443
00:24:03,560 --> 00:24:07,160
Speaker 1: in addition to the way that it's been recalculated now,

444
00:24:07,600 --> 00:24:10,440
Speaker 1: I think it very clearly shows you that they're about

445
00:24:10,480 --> 00:24:13,600
Speaker 1: to obtain their goal. And we can have that pivot

446
00:24:14,200 --> 00:24:15,879
Speaker 1: if we look at some of the things that the

447
00:24:15,880 --> 00:24:19,399
Speaker 1: Fed said. A couple of things they talk about this

448
00:24:19,440 --> 00:24:22,600
Speaker 1: thing called the terminal rate, and the terminal rate is

449
00:24:22,760 --> 00:24:27,000
Speaker 1: how high do we need to raise the rates in

450
00:24:27,119 --> 00:24:31,160
Speaker 1: order to get the markets or inflation to come down

451
00:24:31,200 --> 00:24:35,399
Speaker 1: on its own. The problem is because inflation isn't like

452
00:24:35,400 --> 00:24:37,400
Speaker 1: a light switch that can just be turned on and off.

453
00:24:37,880 --> 00:24:40,440
Speaker 1: It takes a while, a long time for that inflation

454
00:24:40,480 --> 00:24:42,640
Speaker 1: to come down. So how do they know that they

455
00:24:42,680 --> 00:24:47,200
Speaker 1: haven't already achieved the terminal rate? What if they've already

456
00:24:47,240 --> 00:24:50,240
Speaker 1: achieved the terminal rate, meaning the rates high enough now

457
00:24:50,600 --> 00:24:54,560
Speaker 1: to bring SPA inflation down. What if they've already achieved

458
00:24:54,560 --> 00:25:00,640
Speaker 1: that rate, but they keep hiking anyway, Well, that could

459
00:25:00,640 --> 00:25:03,920
Speaker 1: be bad. As a matter of fact, that's my base case.

460
00:25:04,040 --> 00:25:06,320
Speaker 1: Most likely there will continue to go too far, just

461
00:25:06,359 --> 00:25:08,760
Speaker 1: like they always go too far. Just like they lowered

462
00:25:08,840 --> 00:25:10,960
Speaker 1: rates too low and they kept them too low for

463
00:25:11,000 --> 00:25:13,560
Speaker 1: too long. Now they probably raise them too high, and

464
00:25:13,560 --> 00:25:16,159
Speaker 1: they probably keep them too high for too long, and

465
00:25:16,240 --> 00:25:18,840
Speaker 1: they just go from breaking one thing to breaking the other,

466
00:25:19,600 --> 00:25:22,119
Speaker 1: back and forth. And this is causing a lot of

467
00:25:22,119 --> 00:25:24,680
Speaker 1: problems in the markets. It's also causing a lot of

468
00:25:24,720 --> 00:25:27,720
Speaker 1: problems in the economy, and that's really where we want

469
00:25:27,720 --> 00:25:29,479
Speaker 1: to look for things. A lot of people looking at

470
00:25:29,480 --> 00:25:32,439
Speaker 1: the stock markets, but the stock markets are what we

471
00:25:32,520 --> 00:25:35,840
Speaker 1: call lagging indicators. They tell us what's already happened. What

472
00:25:35,960 --> 00:25:37,960
Speaker 1: we want to look at is like the leading indicators,

473
00:25:37,960 --> 00:25:40,560
Speaker 1: So we want to look at the debt markets. Then

474
00:25:40,600 --> 00:25:42,840
Speaker 1: we want to look at like the Producers Index, how

475
00:25:42,880 --> 00:25:45,560
Speaker 1: much the manufacturers are paying to produce things, and then

476
00:25:45,600 --> 00:25:47,480
Speaker 1: eventually we can look at the CPI, and then we

477
00:25:47,480 --> 00:25:52,320
Speaker 1: can look at the stock market. Right. But let's say,

478
00:25:52,320 --> 00:25:58,119
Speaker 1: for example, we're looking at the unemployment data. Right. Unemployment

479
00:25:58,160 --> 00:26:02,359
Speaker 1: is also another lagging indicator because as an employer, the

480
00:26:02,440 --> 00:26:04,000
Speaker 1: last thing I'm gonna want to do is let go

481
00:26:04,040 --> 00:26:06,720
Speaker 1: of my employees. So my business is going to be

482
00:26:06,760 --> 00:26:09,320
Speaker 1: bad for a long time. I can't get new debt,

483
00:26:09,600 --> 00:26:12,320
Speaker 1: I can't expand I can't roll my debt over. My

484
00:26:12,400 --> 00:26:15,320
Speaker 1: customer base is shrinking. I don't have enough money. I'm

485
00:26:15,359 --> 00:26:19,000
Speaker 1: running out of money. Maybe I haven't paid my electricity

486
00:26:19,000 --> 00:26:21,240
Speaker 1: bill this month. I keep hoping things gonna get better,

487
00:26:21,240 --> 00:26:23,160
Speaker 1: and they don't, and then finally I have to lay

488
00:26:23,200 --> 00:26:25,639
Speaker 1: somebody off. But things have already been bad for a

489
00:26:25,640 --> 00:26:28,639
Speaker 1: long time for me. And then I lay somebody off.

490
00:26:28,680 --> 00:26:31,640
Speaker 1: Now that person might get thirty days, sixty days, ninety

491
00:26:31,720 --> 00:26:34,199
Speaker 1: days of severance, so they don't even show up on

492
00:26:34,280 --> 00:26:39,600
Speaker 1: the unemployment numbers for months after the business already started

493
00:26:39,600 --> 00:26:42,199
Speaker 1: having a problem. And so when we start looking at

494
00:26:42,240 --> 00:26:44,879
Speaker 1: some of this economy data, it looks pretty bad. And

495
00:26:44,920 --> 00:26:46,879
Speaker 1: it's one of the other reasons why I think the

496
00:26:46,960 --> 00:26:49,639
Speaker 1: FED is going to continue to come off of this

497
00:26:50,119 --> 00:26:53,320
Speaker 1: ease off of this and go into this pause reaction.

498
00:26:53,640 --> 00:26:55,720
Speaker 1: If you're just tuning in and listening to the markmas Show,

499
00:26:55,720 --> 00:26:58,560
Speaker 1: we're talking about the decentralized Revolution, talking about some of

500
00:26:58,600 --> 00:27:02,040
Speaker 1: the latest breaking news headlines this week, and we got more.

501
00:27:02,280 --> 00:27:04,920
Speaker 1: We have a big one. This story I'm super excited

502
00:27:04,960 --> 00:27:08,359
Speaker 1: for because it's what free markets do. I'm gonna be

503
00:27:08,359 --> 00:27:09,800
Speaker 1: back with this story and more in a minute. Don't

504
00:27:09,840 --> 00:27:12,040
Speaker 1: go away, all right, Welcome back. If you just tune in,

505
00:27:12,080 --> 00:27:14,120
Speaker 1: you're listening to the Mark Moss Show, we're talking about

506
00:27:14,160 --> 00:27:17,600
Speaker 1: the decentualized revolution and the way the world is changing

507
00:27:18,080 --> 00:27:21,879
Speaker 1: and breaking some of the latest breaking news, some of

508
00:27:21,880 --> 00:27:26,800
Speaker 1: the biggest news headlines this week, and one that is

509
00:27:26,880 --> 00:27:31,000
Speaker 1: big and it's troublesome and it's worrisome and it bothers me.

510
00:27:31,680 --> 00:27:35,080
Speaker 1: But there's also another side to it that actually I'm

511
00:27:35,119 --> 00:27:39,560
Speaker 1: happy about and it makes me hopeful and happy So

512
00:27:39,680 --> 00:27:43,000
Speaker 1: what am I talking about. Well, I'm talking about the

513
00:27:43,119 --> 00:27:48,240
Speaker 1: man Jordan Peterson, who is a very polarizing figure for

514
00:27:48,280 --> 00:27:50,320
Speaker 1: a lot, meaning that people either love them or hate

515
00:27:50,359 --> 00:27:53,240
Speaker 1: I'm like a magnet. One side attracts and one side

516
00:27:53,240 --> 00:27:56,679
Speaker 1: pushes away. And that's sort of what Jordan Peterson is

517
00:27:56,680 --> 00:27:59,359
Speaker 1: in the news about this week. There's two big stories

518
00:27:59,359 --> 00:28:02,080
Speaker 1: that are different, but they involve him, almost like if

519
00:28:02,160 --> 00:28:05,560
Speaker 1: Jordan Peterson was the coin, and there's two sides to that.

520
00:28:06,080 --> 00:28:09,720
Speaker 1: The first one is something that's very troublesome, and it's

521
00:28:09,760 --> 00:28:12,760
Speaker 1: also telling of where we are in the world today,

522
00:28:13,320 --> 00:28:17,959
Speaker 1: and that is that basically, Jordan Peterson has had his

523
00:28:18,400 --> 00:28:22,560
Speaker 1: medical license been threatened to be stripped away the practice

524
00:28:22,600 --> 00:28:28,119
Speaker 1: of psychology, and Ontario regulates people basically their essential government

525
00:28:28,200 --> 00:28:32,600
Speaker 1: organization with a managed to protect the public from this conduct,

526
00:28:32,800 --> 00:28:35,840
Speaker 1: all right, which is good, maybe they probably should. Now

527
00:28:36,000 --> 00:28:38,520
Speaker 1: anyone anywhere in the world can levy a complaint to

528
00:28:38,560 --> 00:28:42,480
Speaker 1: these regulatory bodies for any reason, regardless if they've ever

529
00:28:42,520 --> 00:28:46,360
Speaker 1: had to direct contact with the person or anything doesn't matter,

530
00:28:46,880 --> 00:28:49,800
Speaker 1: and the complaints can be deemed frivolous and dispensed with

531
00:28:49,880 --> 00:28:52,600
Speaker 1: if they want. But if the college decides to move

532
00:28:52,600 --> 00:28:55,400
Speaker 1: forward with it. They consider that a very serious move.

533
00:28:55,440 --> 00:28:58,240
Speaker 1: As a matter of fact, it's so serious it's equivalent

534
00:28:58,280 --> 00:29:02,120
Speaker 1: to a lawsuit. And according to the Ontario College of Psychologists,

535
00:29:02,600 --> 00:29:06,480
Speaker 1: they recommend actually that you get legal counsel if you

536
00:29:06,560 --> 00:29:09,000
Speaker 1: actually get one of these, So it's as serious as

537
00:29:09,000 --> 00:29:11,920
Speaker 1: a lawsuit, and the Ontario College of Psychologist recommends that

538
00:29:11,960 --> 00:29:15,720
Speaker 1: you get legal counsel if you have that. Well, the

539
00:29:15,760 --> 00:29:20,320
Speaker 1: Ontario College of Psychologists has levied multitude of lawsuits against

540
00:29:20,400 --> 00:29:24,760
Speaker 1: Jordan Peterson since he started rising to a public figure

541
00:29:24,800 --> 00:29:29,200
Speaker 1: about six years ago. Now, he had zero in the

542
00:29:29,280 --> 00:29:32,600
Speaker 1: twenty years that he was practicing as a psychologist, So

543
00:29:32,600 --> 00:29:35,960
Speaker 1: when he was actually practicing as a psychologist seeing individual

544
00:29:36,000 --> 00:29:40,440
Speaker 1: people patients, doing what his license provides for and being

545
00:29:40,480 --> 00:29:44,400
Speaker 1: regulated by them, he had zero complaints. But now that

546
00:29:44,440 --> 00:29:47,480
Speaker 1: he's not seen people anymore, now that he's just a

547
00:29:47,520 --> 00:29:50,520
Speaker 1: public figure, now the levies are piling up, which is

548
00:29:50,560 --> 00:29:53,680
Speaker 1: pretty weird, right, he hasn't seen any clients and his

549
00:29:53,760 --> 00:29:56,880
Speaker 1: treckerder has been good now. Jordan Peterson says that it's

550
00:29:56,960 --> 00:30:00,320
Speaker 1: very difficult to communicate with as many people as he

551
00:30:00,360 --> 00:30:05,480
Speaker 1: does and say anything of substance without rubbing at least

552
00:30:05,520 --> 00:30:08,280
Speaker 1: a few of them the wrong way. So he's reaching

553
00:30:08,880 --> 00:30:13,200
Speaker 1: I don't even know, tens of millions, potentially hundreds of

554
00:30:13,200 --> 00:30:15,960
Speaker 1: millions of people on a regular basis. So when you're

555
00:30:15,960 --> 00:30:19,440
Speaker 1: reaching hundreds of millions of people, and to his point,

556
00:30:19,440 --> 00:30:22,800
Speaker 1: you're saying anything of substance, some people just aren't going

557
00:30:22,840 --> 00:30:27,040
Speaker 1: to like it. There's this meme. It's basically four pictures

558
00:30:27,640 --> 00:30:30,720
Speaker 1: and it's like a quad, four different pictures, and the

559
00:30:30,760 --> 00:30:34,200
Speaker 1: first picture is a man and a wife, a man

560
00:30:34,280 --> 00:30:36,720
Speaker 1: and a man and a woman walking with a donkey,

561
00:30:37,080 --> 00:30:40,200
Speaker 1: And then it's a man walking with a donkey and

562
00:30:40,240 --> 00:30:42,360
Speaker 1: the woman riding it. And then it's the woman riding

563
00:30:42,440 --> 00:30:44,640
Speaker 1: it I'm sorry, walking with a man riding it, and

564
00:30:44,640 --> 00:30:47,360
Speaker 1: then both of them riding And basically the gist of

565
00:30:47,400 --> 00:30:50,680
Speaker 1: the meme is that both of them are walking next

566
00:30:50,720 --> 00:30:54,640
Speaker 1: to the donkey and somebody, somebody's gonna go, what idiots,

567
00:30:54,960 --> 00:30:57,280
Speaker 1: Why would they be walking when they have the donkey there?

568
00:30:57,280 --> 00:31:00,240
Speaker 1: They should be riding the donkey. So somebody he has

569
00:31:00,240 --> 00:31:02,479
Speaker 1: a problem with that. I can't believe these idiots, right,

570
00:31:02,880 --> 00:31:05,480
Speaker 1: So then there's a picture of the man walking with

571
00:31:05,520 --> 00:31:08,560
Speaker 1: the donkey and letting the woman ride it, and somebody.

572
00:31:08,840 --> 00:31:10,840
Speaker 1: When you read out of one hundred million people, someone

573
00:31:10,920 --> 00:31:12,920
Speaker 1: is gonna go, what an idiot? Why would that man

574
00:31:13,040 --> 00:31:15,200
Speaker 1: be walking when he has a donkey? He could be

575
00:31:15,280 --> 00:31:17,040
Speaker 1: riding the donkey with the woman, or he should make

576
00:31:17,080 --> 00:31:19,600
Speaker 1: the woman walk. Someone's gonna say that. So then there's

577
00:31:19,640 --> 00:31:22,080
Speaker 1: the opposite where the man's riding and the woman's walking,

578
00:31:22,640 --> 00:31:24,520
Speaker 1: And then someone's gonna say why would that man be

579
00:31:24,640 --> 00:31:27,440
Speaker 1: riding instead of letting the woman ride? And then finally

580
00:31:27,440 --> 00:31:30,080
Speaker 1: they're both riding the donkey, and someone's like, how cruel

581
00:31:30,120 --> 00:31:31,960
Speaker 1: these people are putting all this weight on a donkey.

582
00:31:32,040 --> 00:31:35,280
Speaker 1: They should be walking. The point is is that no

583
00:31:35,360 --> 00:31:38,440
Speaker 1: matter what they do in that situation, somebody is going

584
00:31:38,520 --> 00:31:40,840
Speaker 1: to criticize it. And when you reach one hundreds of

585
00:31:40,800 --> 00:31:42,320
Speaker 1: millions of people to what he says, if you say

586
00:31:42,360 --> 00:31:45,440
Speaker 1: anything of substance, you're gonna rub a couple of people

587
00:31:45,520 --> 00:31:47,600
Speaker 1: the wrong way. It's just the way it is. And

588
00:31:47,840 --> 00:31:52,040
Speaker 1: so what since when did people become so sensitive? Now?

589
00:31:52,360 --> 00:31:55,880
Speaker 1: We know when? In this modern world that we live in. Now,

590
00:31:55,920 --> 00:31:58,440
Speaker 1: I can tell you because I traveled a lot to Mexico,

591
00:31:59,000 --> 00:32:02,080
Speaker 1: Central America and other third world countries. They don't care

592
00:32:02,120 --> 00:32:04,280
Speaker 1: about these stupid social issues like we do here in

593
00:32:04,280 --> 00:32:06,840
Speaker 1: the US. These are like made up problems. When you've

594
00:32:06,840 --> 00:32:09,480
Speaker 1: solved every other problem in society, then you have to

595
00:32:09,520 --> 00:32:12,360
Speaker 1: invent new problems to be worried about. They don't care

596
00:32:12,360 --> 00:32:13,880
Speaker 1: about that in those countries, I can tell you that.

597
00:32:14,360 --> 00:32:17,000
Speaker 1: But for his crimes of rubbing a few people the

598
00:32:17,000 --> 00:32:21,160
Speaker 1: wrong way, he's been sentenced to a course of mandatory

599
00:32:21,320 --> 00:32:28,560
Speaker 1: social media communication training with the colleges quote unquote experts. Now,

600
00:32:28,760 --> 00:32:30,920
Speaker 1: he says, this is not a scientific or a clinical

601
00:32:30,960 --> 00:32:33,400
Speaker 1: specialty of any standing. There's been no training at this.

602
00:32:33,600 --> 00:32:35,760
Speaker 1: He's supposed to do it at his own expense for

603
00:32:35,840 --> 00:32:39,120
Speaker 1: an undisclosed length of time. Just whenever they think that

604
00:32:39,680 --> 00:32:42,560
Speaker 1: being his training has been good, then they'll let him out.

605
00:32:43,640 --> 00:32:47,560
Speaker 1: And when those re educators, those experts have convinced themselves

606
00:32:47,560 --> 00:32:49,720
Speaker 1: that he's learned his lesson, and we don't even know

607
00:32:49,760 --> 00:32:52,680
Speaker 1: what that is. Now, if he agrees to this, then

608
00:32:52,680 --> 00:32:55,840
Speaker 1: he has to admit that he's been unprofessional in his

609
00:32:55,960 --> 00:33:01,600
Speaker 1: conduct and he has said mean things. He retweeted a

610
00:33:01,600 --> 00:33:05,320
Speaker 1: comment made by the Conservative leader Pierre Polivier about the

611
00:33:05,400 --> 00:33:08,959
Speaker 1: unnecessary severity of COVID lockdowns. He retweeted a comment by

612
00:33:09,000 --> 00:33:12,160
Speaker 1: a political leader in Canada. He criticized the Prime Minister

613
00:33:12,240 --> 00:33:17,520
Speaker 1: of Canada, Justin Trudeau, he criticized other people in politics.

614
00:33:18,120 --> 00:33:21,640
Speaker 1: How dare he do that? So that's where we're at today.

615
00:33:22,000 --> 00:33:25,040
Speaker 1: They want him to either stand up and publicly admit

616
00:33:25,360 --> 00:33:29,360
Speaker 1: that he made a mistake and apologize and subject himself

617
00:33:29,400 --> 00:33:32,920
Speaker 1: to go through re education to keep his license. Now,

618
00:33:33,440 --> 00:33:37,120
Speaker 1: this is what they do in communist countries when there's

619
00:33:38,160 --> 00:33:42,120
Speaker 1: times of change, right when there's a cultural revolution going on.

620
00:33:42,440 --> 00:33:45,600
Speaker 1: They bring the people out and they make them public

621
00:33:45,720 --> 00:33:49,600
Speaker 1: spectacles and they make them publicly apologize to everybody to

622
00:33:49,640 --> 00:33:53,800
Speaker 1: basically set a precedent for everybody. And that's what they're

623
00:33:53,800 --> 00:33:56,520
Speaker 1: trying to do. They want him to publicly humiliate himself

624
00:33:56,520 --> 00:33:59,800
Speaker 1: and apologize for this. That's the state of the world.

625
00:34:00,000 --> 00:34:02,960
Speaker 1: Out On the flip side of the coin with Jordan

626
00:34:03,000 --> 00:34:07,360
Speaker 1: Peterson is that we have the World that Economic Forum

627
00:34:07,400 --> 00:34:11,719
Speaker 1: that's pushing these things, so equality for all and equity

628
00:34:11,800 --> 00:34:15,440
Speaker 1: and all those fancy words, and the World Ecomic Forum,

629
00:34:15,560 --> 00:34:20,560
Speaker 1: which is the an NGEO non government organization of non

630
00:34:20,719 --> 00:34:25,319
Speaker 1: elected leaders who are somehow kind of controlling, not so

631
00:34:25,400 --> 00:34:28,840
Speaker 1: much controlling, but certainly influencing the world. Klaus Schwab brags

632
00:34:28,840 --> 00:34:33,160
Speaker 1: about installing all these politicians across all these governments, and

633
00:34:33,400 --> 00:34:36,799
Speaker 1: he has all these corporation and business leaders there and

634
00:34:36,800 --> 00:34:39,480
Speaker 1: they're using this public private partnership and he's doing all

635
00:34:39,520 --> 00:34:44,640
Speaker 1: these things to influence politics and policies. And now Jordan

636
00:34:44,719 --> 00:34:48,359
Speaker 1: Peterson announced that he's going to open up another one

637
00:34:48,440 --> 00:34:52,120
Speaker 1: to counterbalance that. So he announced the formation of an

638
00:34:52,160 --> 00:34:54,759
Speaker 1: international consortium that would serve as a kind of populist

639
00:34:54,760 --> 00:34:59,120
Speaker 1: alternative to the elitist World Ecomic Forum. So a populist alternative,

640
00:34:59,160 --> 00:35:01,280
Speaker 1: so it's one for the people instead of the elites.

641
00:35:01,520 --> 00:35:04,520
Speaker 1: He wants to have the people have a voice and

642
00:35:04,600 --> 00:35:08,239
Speaker 1: to provide a counter valian force against globalist aims and narratives.

643
00:35:08,560 --> 00:35:11,440
Speaker 1: He laid all this out on appearance on Joe Rogan's podcast,

644
00:35:12,080 --> 00:35:15,200
Speaker 1: telling him if there's an inaugural event it's being planned

645
00:35:15,239 --> 00:35:18,560
Speaker 1: for this year twenty twenty three, sometime in October or

646
00:35:18,640 --> 00:35:23,000
Speaker 1: November in London. About two thousand businesses, cultural political figures

647
00:35:23,040 --> 00:35:26,000
Speaker 1: will be invited to take part in the consortium, which

648
00:35:26,040 --> 00:35:28,560
Speaker 1: puts it almost on the same scale as the WEF,

649
00:35:28,800 --> 00:35:31,920
Speaker 1: which is about twenty seven hundred leaders. He says they

650
00:35:31,920 --> 00:35:34,360
Speaker 1: don't have an official name yet, but it's going to

651
00:35:34,400 --> 00:35:37,240
Speaker 1: be to provide quote, an alternative vision of the future

652
00:35:37,480 --> 00:35:40,880
Speaker 1: and an alternative to that kind of apocalyptic narrative. And

653
00:35:41,000 --> 00:35:43,319
Speaker 1: what I love about this is this is what free

654
00:35:43,320 --> 00:35:47,200
Speaker 1: markets do. If you don't like what the WEF is doing,

655
00:35:47,480 --> 00:35:49,799
Speaker 1: if you don't like what they're trying to achieve and

656
00:35:49,880 --> 00:35:52,359
Speaker 1: what they're teaching, then you have the right to go

657
00:35:52,440 --> 00:35:56,239
Speaker 1: and create a competitor to that, a counterbalance. And that's

658
00:35:56,280 --> 00:35:59,040
Speaker 1: exactly what Jordan Peterson is doing now. Who gives him

659
00:35:59,040 --> 00:36:01,160
Speaker 1: the right to do that. Nobody gives him the right.

660
00:36:01,280 --> 00:36:03,759
Speaker 1: He gives himself the right. And if you want the right,

661
00:36:03,800 --> 00:36:06,799
Speaker 1: you can do the same thing too. Nobody stood up

662
00:36:06,800 --> 00:36:09,040
Speaker 1: and asked Cloud Schwab to do this, and nobody's standing

663
00:36:09,080 --> 00:36:11,120
Speaker 1: up and asking Jordan Peterson to do it. You can

664
00:36:11,160 --> 00:36:13,399
Speaker 1: take part of it, or you can abstain from it.

665
00:36:13,520 --> 00:36:16,680
Speaker 1: But either way, this could have ramifications and you should

666
00:36:16,719 --> 00:36:18,839
Speaker 1: know about it. I am, for one, happy about it.

667
00:36:19,200 --> 00:36:20,560
Speaker 1: Not that I'm saying this is gonna be the best

668
00:36:20,600 --> 00:36:22,239
Speaker 1: thing in the world, but I'm happy to have a

669
00:36:22,280 --> 00:36:24,640
Speaker 1: counter balance. If you're just tune in, you're listening to

670
00:36:24,680 --> 00:36:27,280
Speaker 1: the Mark Mos show, we're talking about the decentralized revolution

671
00:36:27,520 --> 00:36:30,919
Speaker 1: and as globalization is breaking apart now we have Jordan

672
00:36:31,000 --> 00:36:34,040
Speaker 1: Peterson coming in to push it off the proverbial cliff.

673
00:36:34,280 --> 00:36:35,680
Speaker 1: That's what I got for you today. Thanks so much

674
00:36:35,719 --> 00:36:36,799
Speaker 1: for listening. Until next time,