WEBVTT - Why We Need a Different Form of Money 0:00:00.040 --> 0:00:02.080 Hello, and welcome back to another episode of The Mark 0:00:02.160 --> 0:00:05.440 Moss Show. Or talk about the decentralized Revolution each and 0:00:05.440 --> 0:00:07.080 every week. Of course, we look at it through the 0:00:07.120 --> 0:00:11.719 lens of politics, finance, and technology to give you context 0:00:11.760 --> 0:00:13.920 of what's happening. And I try to bring to you, 0:00:13.920 --> 0:00:16.440 you know, some big topics and big subjects to help 0:00:16.480 --> 0:00:20.000 you change the way you think about things, because, as 0:00:20.040 --> 0:00:21.880 I like to say, almost everything you've learned is wrong. 0:00:22.040 --> 0:00:23.799 Almost everything they're telling you is wrong. You have to 0:00:23.840 --> 0:00:25.880 learn how to think through that. I like to bring 0:00:25.920 --> 0:00:28.440 to you some of the latest breaking news headlines so 0:00:28.480 --> 0:00:32.120 you know exactly what's going on, and some guests so 0:00:32.159 --> 0:00:33.600 you don't have to listen to me talk all the time. 0:00:33.760 --> 0:00:35.640 And I want to talk about some of the latest 0:00:35.680 --> 0:00:38.000 breaking news headlines that happened this week to keep you 0:00:38.040 --> 0:00:41.120 in the know. And you know, my favorite thing to 0:00:41.120 --> 0:00:43.720 talk about, as we talked about the decentralized revolution is 0:00:43.720 --> 0:00:47.279 of course the technology that's bringing the decentralized revolution, which 0:00:47.320 --> 0:00:51.159 of course is bitcoin. And bitcoin has been all over 0:00:51.200 --> 0:00:54.320 the news the last two weeks because of course it's 0:00:54.360 --> 0:00:57.120 back from the dead again. Bitcoin has been dead I 0:00:57.120 --> 0:00:59.760 don't know four hundred times or six hundred times as 0:00:59.800 --> 0:01:02.000 long as I've been following it. It always dies, but 0:01:02.120 --> 0:01:05.240 yet somehow it always seems to come back from the dead. 0:01:05.640 --> 0:01:08.679 And that's kind of where we're at today, and that's 0:01:08.720 --> 0:01:10.760 part of why it's in the news. The price of 0:01:10.840 --> 0:01:15.400 bitcoin kind of woke up from a slumber. Since about November. 0:01:15.520 --> 0:01:18.480 It's been down in this kind of like fifteen sixteen 0:01:18.520 --> 0:01:22.240 thousand dollars range, and it just kind of basically sat there. 0:01:22.400 --> 0:01:26.560 It was that it was about twenty one thousand, so 0:01:26.720 --> 0:01:28.840 kind of in November we kind of were sitting at 0:01:28.880 --> 0:01:32.399 twenty thousand range. Then it dropped down into that kind 0:01:32.440 --> 0:01:36.040 of fifteen sixteen thousand all range when the FTX fiasco happened, 0:01:36.280 --> 0:01:37.920 and it just sat there for a couple of months. 0:01:37.920 --> 0:01:41.480 In November December. We saw in December it popped up 0:01:41.480 --> 0:01:44.920 to like seventeen thousand, back down to fifteen sixteen thousand, 0:01:44.959 --> 0:01:48.000 but finally it took off the first of the year 0:01:48.600 --> 0:01:52.320 and went up almost fifty percent, and so bitcoin's back 0:01:52.400 --> 0:01:55.480 from the dead. It's down a little bit right now, 0:01:56.800 --> 0:01:59.640 it's still up about thirty over thirty, with about thirty 0:01:59.640 --> 0:02:02.440 five sin since it really started making that move at 0:02:02.480 --> 0:02:04.960 the end of the year. But as it comes back 0:02:05.080 --> 0:02:07.920 from the dead again over and over and over, of 0:02:07.960 --> 0:02:10.080 course it starts making news headlines. And one of the 0:02:10.120 --> 0:02:11.960 news headlines I saw this week I wanted to talk 0:02:12.000 --> 0:02:15.000 about because it was just I just have to say 0:02:15.040 --> 0:02:18.440 something about it. And it's a shame because maybe one 0:02:18.480 --> 0:02:23.000 of my most often quoted people is not Warren Buffett, 0:02:23.040 --> 0:02:26.239 but his partner, Charlie Munger. Charlie Munger, A lot of 0:02:26.280 --> 0:02:28.520 people don't know him. Of course, everybody knows Warren Buffett, 0:02:28.840 --> 0:02:31.120 but it's been his partner forever. What he does talk 0:02:31.160 --> 0:02:33.720 about all the time drives me crazyas he talks about bitcoin. 0:02:34.360 --> 0:02:36.160 And the reason why it drives me crazy is because 0:02:36.560 --> 0:02:39.799 he's such a smart guy. He's done so much in 0:02:39.840 --> 0:02:43.880 his career. He he knows so much about things, more 0:02:43.919 --> 0:02:46.960 than I could ever even imagine. He's you know, he's 0:02:46.960 --> 0:02:48.959 written so many good things. He has, like I said, 0:02:48.960 --> 0:02:51.640 so many quotes I use all the time. But he's 0:02:51.720 --> 0:02:54.720 so wrong on his views on bitcoin for a couple 0:02:54.760 --> 0:02:58.680 of reasons. And nobody knows the future, so it's not 0:02:58.720 --> 0:03:00.400 like he's saying it's not going to say and I'm 0:03:00.400 --> 0:03:02.160 saying it's going to survive and I'm saying he's wrong. 0:03:02.200 --> 0:03:04.880 We don't know the future. He's wrong for a couple 0:03:04.880 --> 0:03:11.800 of reasons. One, he's wrong because he's calling for the 0:03:11.919 --> 0:03:16.639 United States government to ban it. As a matter of fact, 0:03:16.760 --> 0:03:21.400 he's gone on to praise China, being a communist country 0:03:21.600 --> 0:03:26.400 and how they've dealt with this, and that's wrong. So 0:03:26.919 --> 0:03:30.360 he may be right. Maybe bitcoin doesn't succeed, maybe it 0:03:30.440 --> 0:03:33.799 all falls apart, Maybe we don't know. Time will tell. 0:03:34.360 --> 0:03:36.840 But he's always going to be wrong. Anybody's always going 0:03:36.920 --> 0:03:39.040 to be wrong when they're calling for the government to 0:03:39.080 --> 0:03:43.480 come out and take away our free right to play 0:03:43.520 --> 0:03:47.480 with technology, to use technology, to do what we want 0:03:47.560 --> 0:03:51.119 technology or anything like. We're in America, We're the land 0:03:51.120 --> 0:03:53.960 of the Free. And for him to call out openly 0:03:54.040 --> 0:03:56.280 for the government to come in and make it illegal, 0:03:57.120 --> 0:04:03.840 that's wrong. He's also wrongs he hasn't really put any 0:04:03.960 --> 0:04:05.840 time into it at all. As a matter of fact, 0:04:05.840 --> 0:04:08.120 he said as much, Right, why would I spend any 0:04:08.160 --> 0:04:10.640 time studying that scam thing? Right, So he has put 0:04:10.840 --> 0:04:14.680 zero time into it, and so trying to pretend like 0:04:14.800 --> 0:04:16.719 you know what you're talking about, or trying to pretend 0:04:16.760 --> 0:04:19.200 that you're somebody that should be talking about it when 0:04:19.200 --> 0:04:22.520 you haven't put any time into it is intellectually dishonest. 0:04:22.960 --> 0:04:25.520 A better answer might be, you know what, if he 0:04:25.600 --> 0:04:28.000 was going to respond to the news is he might say, 0:04:28.000 --> 0:04:29.599 you know what, I haven't put any time into studying it, 0:04:29.600 --> 0:04:32.080 so I don't really have a comment. That could be 0:04:32.120 --> 0:04:34.160 a better one to say. Of course, that doesn't get 0:04:34.160 --> 0:04:37.000 the news headlines that they want. So as this has 0:04:37.000 --> 0:04:41.640 been kind of coming backing up, everybody's favorite proponent of bitcoin, 0:04:41.720 --> 0:04:44.360 Michael Sailor, he had something to say, and he said 0:04:44.400 --> 0:04:48.280 that if Munger were a business leader in South America 0:04:48.440 --> 0:04:51.760 or Africa or Asia, and he spent one hundred hours 0:04:51.800 --> 0:04:55.280 studying the problem, he'd be more bullish on bitcoin than 0:04:55.320 --> 0:04:58.640 I am. Now, this is Michael Sailor, who's put billions 0:04:58.680 --> 0:05:01.320 of dollars into bitcoin, and he's saying Munger would be 0:05:01.480 --> 0:05:05.080 even more bullish if he looked at it from the world, 0:05:06.120 --> 0:05:08.120 from a different world view, from being in a different country, 0:05:08.240 --> 0:05:10.360 and you'd put a little bit of time into studying it. 0:05:10.920 --> 0:05:14.000 What Sailor calls quote the plight of the common man 0:05:15.880 --> 0:05:18.840 is better illustrated by the recent events in Lebanon, Argentina, 0:05:18.920 --> 0:05:23.040 Sri Lanka, Nigeria, Venezuela, And what those countries all have 0:05:23.080 --> 0:05:27.000 in common is those currencies have completely collapsed. When you 0:05:27.040 --> 0:05:30.000 live in a country like Lebanon, Argentina, Sri Lanka, where 0:05:30.000 --> 0:05:33.520 your currency just disappears and all your life savings disappear 0:05:33.560 --> 0:05:36.320 with it, in the market's all going to turmoil because 0:05:36.320 --> 0:05:39.880 of that, what do you do. You just lose all 0:05:39.920 --> 0:05:41.880 your money and you're just okay with it. So what 0:05:42.240 --> 0:05:44.559 he's saying is that Charlie Munger has this very US 0:05:44.640 --> 0:05:46.760 centric viewpoint, and that's what I find all the time 0:05:46.800 --> 0:05:49.239 with bitcoin is a lot of people in the United 0:05:49.279 --> 0:05:52.680 States sitting at the bar in Manhattan drinking a twenty 0:05:52.680 --> 0:05:54.679 dollar cocktail, are like, why do we need a different 0:05:54.720 --> 0:05:57.000 form of money? But when you live in Nigeria or 0:05:57.000 --> 0:06:01.000 Sri Lanka, Argentina, or Lebanon or Venezuela, you know why 0:06:01.040 --> 0:06:03.600 we need a different form of money. It's not working 0:06:03.640 --> 0:06:06.960 for you. It's failed. And so if he was a 0:06:07.000 --> 0:06:09.440 business owner, a business leader in one of those countries 0:06:09.800 --> 0:06:13.560 watching his money disappear, knowing that any time it could 0:06:13.600 --> 0:06:17.120 basically just all evaporate, then he would be looking for 0:06:17.160 --> 0:06:19.200 another solution. Monger has a lot of money he wouldn't 0:06:19.200 --> 0:06:21.440 want it to disappear. But he's coming from a US 0:06:21.480 --> 0:06:24.240 centric viewpoint. So one, his viewpoint is wrong. Two, he 0:06:24.240 --> 0:06:27.320 hasn't put the research in. Three, when you're openly calling 0:06:27.440 --> 0:06:30.200 for the land of the Free and a free country 0:06:30.240 --> 0:06:34.520 to make things illegal, I'm sorry, you're just wrong. You're 0:06:34.560 --> 0:06:39.560 just wrong. Now, another big well known investor, Ray Dalio, 0:06:39.640 --> 0:06:43.040 of course, he has lots of things to say about bitcoins. 0:06:43.920 --> 0:06:46.760 He's come around a bitcoin. At first he was he 0:06:46.760 --> 0:06:49.080 didn't like bitcoin, that he was skeptical of bitcoin, that 0:06:49.200 --> 0:06:53.599 he was interested in bitcoin, then he liked bitcoin, and 0:06:53.680 --> 0:06:56.719 now this week he says that still doesn't like bitcoin, 0:06:56.760 --> 0:07:00.960 but thinks inflation beating coin could work. So he says, quote, 0:07:00.960 --> 0:07:06.279 it's not going to be an effective money. It's not 0:07:06.320 --> 0:07:08.360 going to be an effective money. What I like about 0:07:08.400 --> 0:07:12.280 these guys is that they don't maybe even understand what 0:07:12.360 --> 0:07:17.120 that means. So he says, it's not an effective medium 0:07:17.160 --> 0:07:22.280 of exchange. Why not? In order for a collectible to 0:07:22.280 --> 0:07:24.960 become a store value, to eventually become a medium exchange, 0:07:24.960 --> 0:07:27.920 it must have certain attributes. It must be portable, it 0:07:28.040 --> 0:07:32.280 must be durable, it must be divisible, it must be recognizable, 0:07:32.360 --> 0:07:37.040 salable and it must be fungible. So does it fit 0:07:37.120 --> 0:07:39.720 those Does it fit those attributes? Yes, And as a 0:07:39.720 --> 0:07:42.240 matter of fact, I would happily argue with him or 0:07:42.240 --> 0:07:45.440 anybody else that it actually matches all of those attributes 0:07:45.520 --> 0:07:49.200 better than anything else. Gold emerged as the best form 0:07:49.240 --> 0:07:53.560 of money because it had the best attributes. You can't 0:07:53.640 --> 0:07:56.640 use bananas because they're they're not durable. You can't use 0:07:56.760 --> 0:07:59.760 old car that's collectible because it's not it's not divisible, 0:08:01.080 --> 0:08:03.640 and it's not portable. And gold is not portable either. 0:08:03.720 --> 0:08:06.720 Gold cannot be sent over to space and bitcoin can. 0:08:06.880 --> 0:08:10.640 So for Radali to say this, I mean again, maybe 0:08:10.640 --> 0:08:13.040 he should do a little bit of researchers or take 0:08:13.080 --> 0:08:14.960 a backseat and just say, hey, look I'm not the 0:08:15.000 --> 0:08:16.600 expert in this. I don't get it. But when he 0:08:16.640 --> 0:08:18.560 comes out and says things like this, it just shows 0:08:18.560 --> 0:08:20.480 that he just doesn't know what he's talking about. It's 0:08:20.520 --> 0:08:23.040 not an effective media exchange. Well, it has all the attributes. 0:08:23.040 --> 0:08:25.120 As a matter of fact, it has better attributes in 0:08:25.160 --> 0:08:29.880 regards to media exchange than anything else does. You can't 0:08:29.920 --> 0:08:33.679 send ten cents across the internet, you can't do it. 0:08:33.800 --> 0:08:36.800 The dollar doesn't work gold doesn't work. You can't send 0:08:36.840 --> 0:08:40.800 gold over the internet, so it's more portable. Now, it's 0:08:40.840 --> 0:08:44.320 not as recognizable. More people take dollars across the world 0:08:44.559 --> 0:08:47.360 than they will bitcoin, but it's in the top five 0:08:47.880 --> 0:08:50.040 and that's only in twelve years. It's on its way, 0:08:50.520 --> 0:08:52.720 so that's something to keep in mind. If you're just 0:08:52.720 --> 0:08:54.440 tuning in, you're listening to the Mark Moas Show, we're 0:08:54.440 --> 0:08:57.280 talking about some of the latest breaking news headlines that 0:08:57.320 --> 0:09:00.160 came out this week talking about bitcoin and what what 0:09:00.440 --> 0:09:02.760 some of these well known people like Charlie Munger and 0:09:02.840 --> 0:09:04.319 Ray dalily I had to say about it. I got 0:09:04.320 --> 0:09:06.360 a lot more to cover when I come back, some 0:09:06.480 --> 0:09:09.480 big stories on what's going on with China, the spy balloon, 0:09:10.040 --> 0:09:13.120 potential war, what's going on with FED, the economy, and more. 0:09:13.360 --> 0:09:14.600 A lots of cover when I come back. You don't 0:09:14.640 --> 0:09:16.199 want to miss it, so don't go away. I'll be 0:09:16.280 --> 0:09:19.440 right back. All right, Welcome back. If you just tune in, 0:09:19.440 --> 0:09:21.440 you're listening to the Mark Moas Show. We're talking about 0:09:21.440 --> 0:09:24.120 the Decentralized Revolution, and we're going through some of the 0:09:24.120 --> 0:09:28.840 biggest news headlines this week, and there is plenty to 0:09:28.920 --> 0:09:33.199 go around now. The news story that seemed to dominate 0:09:33.280 --> 0:09:37.120 the news headlines this week were can you guess it? 0:09:38.080 --> 0:09:39.840 Putting the comments down below what you think it is? 0:09:40.240 --> 0:09:42.440 Come on, it was the China spy balloon, right. It 0:09:42.520 --> 0:09:46.280 was all over the news. It was on every news website, 0:09:46.480 --> 0:09:50.360 on every news channel. Spy balloon, spy balloon, spy balloon. 0:09:50.840 --> 0:09:55.280 At Biden's State of the Union address this week, Rep. 0:09:55.360 --> 0:09:58.160 Marjorie from Florida was like carrying a balloon with her 0:09:58.200 --> 0:10:00.400 in there, just kind of mocking it. It's all over 0:10:00.440 --> 0:10:02.360 the place. A couple of things I want to talk 0:10:02.360 --> 0:10:04.800 about specifically in this that I don't think I haven't 0:10:04.800 --> 0:10:07.079 seen anybody else talk about. But what I want to 0:10:07.120 --> 0:10:11.560 talk about is why why are we all talking about 0:10:11.600 --> 0:10:16.800 the spy balloon? Have you thought about that? Now? You 0:10:16.840 --> 0:10:21.360 may not realize this, but you think about whatever they 0:10:21.679 --> 0:10:24.760 want you to think about. You think about whatever the 0:10:24.800 --> 0:10:28.800 current thing is. So when they don't want you to 0:10:28.840 --> 0:10:31.920 talk about something, they don't talk about it. So, for example, 0:10:31.920 --> 0:10:34.360 the Twitter files. I talked about the Twitter files here. 0:10:34.840 --> 0:10:37.240 I think it was a massive piece of news and 0:10:37.360 --> 0:10:40.920 everyone should have covered it, but yet nobody did. No 0:10:41.000 --> 0:10:43.920 news outlets except for Fox covered it at all. Because 0:10:43.960 --> 0:10:45.520 they don't want you to know about it. They don't 0:10:45.520 --> 0:10:47.920 want you to talk about it. So why do they 0:10:48.240 --> 0:10:51.600 decide to completely bury things that should be talked about, 0:10:52.360 --> 0:10:54.640 And then something trivial like a balloon and they talk 0:10:54.640 --> 0:10:57.920 about it all the time. Now, even more importantly, why 0:10:57.920 --> 0:11:00.160 are they talking about the balloon all the time right now? Now? 0:11:00.360 --> 0:11:02.920 Is it because it was such a big threat? Is 0:11:02.960 --> 0:11:06.240 it because China was actually using this to spy on 0:11:06.360 --> 0:11:08.760 us and this was a threat to our national security 0:11:09.080 --> 0:11:11.440 and we have to crack down on China with this 0:11:13.040 --> 0:11:17.520 a balloon? So we let China spy on us, We 0:11:17.679 --> 0:11:20.679 let them bribe our professors in college, we let them 0:11:21.080 --> 0:11:22.880 steal our secrets out of the university, We let them 0:11:22.880 --> 0:11:25.760 steal all our companies ips over in China. We let 0:11:25.840 --> 0:11:27.560 them buy up all the farm land, we let them 0:11:27.559 --> 0:11:29.680 buy the strategic land next to all the military bases. 0:11:29.880 --> 0:11:33.680 Listen to all of that, But the balloon is a 0:11:33.679 --> 0:11:38.760 big problem. And that's my point. There's way worse things 0:11:38.800 --> 0:11:41.360 that are being done every single day in the open 0:11:41.800 --> 0:11:45.000 that China is doing to damage the United States national 0:11:45.040 --> 0:11:48.960 security every single day, Massive things that never get one 0:11:49.000 --> 0:11:53.760 single mention. But you had a balloon harmless balloon. Now 0:11:53.760 --> 0:11:56.880 sure it's probably spine. Yeah, okay, so it's taking pictures 0:11:56.880 --> 0:11:58.600 and that's not good. I don't want that to happen. 0:11:58.720 --> 0:12:02.200 But they got da lights that do that. What's even 0:12:02.240 --> 0:12:05.560 worse is the spies here. What about their own police 0:12:05.600 --> 0:12:07.960 that they're running inside the United States to police their 0:12:07.960 --> 0:12:12.320 own citizens in our country. There's way worse things that 0:12:12.360 --> 0:12:14.679 should be talked about. Now. The question that I will 0:12:14.720 --> 0:12:17.480 bring you back to is, so, why are we talking 0:12:17.520 --> 0:12:20.160 about the balloon? Why are we not talking about all 0:12:20.160 --> 0:12:22.800 these other things? Now? Big news this week I saw 0:12:22.960 --> 0:12:28.320 was that a town in North Dakota council unanimously votes 0:12:28.440 --> 0:12:32.640 down Chinese company's local project. So City Council, North Dakota 0:12:32.760 --> 0:12:37.240 voted towards protecting national security and national sovereignty in just 0:12:37.280 --> 0:12:39.800 the latest move against taking a stand against the Chinese 0:12:39.840 --> 0:12:43.400 Communist Party the CCP attempting to purchase control of the 0:12:43.520 --> 0:12:48.440 United States. So Grand Forks, North Dakota got cheers from 0:12:48.520 --> 0:12:52.720 all the attendees that were chanting USA USA. They to 0:12:52.800 --> 0:12:55.320 prevent this Chinese company from moving ahead with plans to 0:12:55.320 --> 0:12:58.520 develop a corn mill on land that they had purchased 0:12:58.840 --> 0:13:02.480 near Grand Forks. Air Force base. So the Chinese had 0:13:02.520 --> 0:13:05.800 already bought the land next to the Air Force base, 0:13:06.679 --> 0:13:09.920 a strategic military base. They spent two point three millions 0:13:09.960 --> 0:13:13.920 to take ownership of the three hundred acre plot twelve 0:13:14.000 --> 0:13:20.559 miles from the base, home to a top secret drone technology. 0:13:21.840 --> 0:13:24.320 This isn't just a base, this isn't one of our 0:13:24.360 --> 0:13:29.640 strategic bases working on top secret drone technology. Now, the 0:13:29.720 --> 0:13:33.040 CCP was offering, you know, millions of dollars of tax revenue, 0:13:33.320 --> 0:13:37.080 two hundred jobs to the town, all these things, but 0:13:37.200 --> 0:13:40.160 the town said, no, we're going to shut that down. Okay, 0:13:40.400 --> 0:13:42.559 those are stories we should be talking about. Why are 0:13:42.559 --> 0:13:46.199 they acquiring strategic land next to our top secret drone technology, 0:13:46.480 --> 0:13:51.240 Why are they acquiring our best farm land, etc. But 0:13:51.320 --> 0:13:54.720 we're not talking about that. You didn't hear about this 0:13:54.800 --> 0:13:58.199 story in Grand Forks, right, This is on small little 0:13:58.200 --> 0:14:00.560 news outlets. I had to dig this up under So 0:14:00.679 --> 0:14:05.040 why again are we talking about the balloon? Now? If 0:14:05.080 --> 0:14:08.280 you're asking me, I would say, well, they want us 0:14:08.320 --> 0:14:13.680 to think that China spying on us without really directing 0:14:13.679 --> 0:14:16.880 our attention to what's really going on. So then I 0:14:16.880 --> 0:14:19.760 would ask myself, well, why do they want us to 0:14:19.880 --> 0:14:25.240 get enraged about China spying on us. Well, so they 0:14:25.240 --> 0:14:29.200 can get public sentiment to not like China. Well why 0:14:29.240 --> 0:14:33.200 would they want public sentiment to not like China. Well 0:14:33.520 --> 0:14:36.600 maybe if we want to continue to sanction China and 0:14:36.640 --> 0:14:39.080 potentially go to war with China, they're going to need 0:14:39.080 --> 0:14:43.400 the public to not like China. So would this be 0:14:43.520 --> 0:14:46.280 a way for them to build sentiment towards potentially going 0:14:46.320 --> 0:14:52.440 to war with China. You know, things are escalating pretty quick. Obviously, 0:14:52.440 --> 0:14:55.360 we have the whole Taiwan situation. President he wants to 0:14:55.360 --> 0:14:58.120 take over Taiwan. You know, Biden and the US have 0:14:58.240 --> 0:15:01.360 said we will not let you take Taiwan. So we 0:15:01.480 --> 0:15:03.400 know that we're starting to build up a lot of 0:15:03.480 --> 0:15:07.320 tension right there. We have the Pentagon has announced now 0:15:07.360 --> 0:15:10.320 that we're moving military presence into the Philippines, trying to 0:15:10.400 --> 0:15:13.240 kind of get ready for this armed conflict in the 0:15:13.240 --> 0:15:16.240 Taiwan Straight. So there's lots of angling, There's lots of 0:15:16.280 --> 0:15:21.640 maneuvering that are being done with China between Taiwan, between 0:15:21.680 --> 0:15:25.120 the Taiwan Straight things like that. We also see that 0:15:25.520 --> 0:15:29.000 as things between Russia and the US get more heated 0:15:29.040 --> 0:15:32.320 and more focused, China is also getting more heated and focused. 0:15:32.320 --> 0:15:36.200 And so we saw that Beijing, China is investing in 0:15:36.360 --> 0:15:39.960 more nuclear weapons. They're getting ready as well. It's not 0:15:40.040 --> 0:15:43.240 just the United States moving people over there. China is 0:15:43.280 --> 0:15:47.960 also now building up its nuclear weapons. So again, what's 0:15:48.000 --> 0:15:51.640 going on here? If China's investing in nuclear weapons, they're 0:15:51.680 --> 0:15:54.880 investing in new long range missiles. They're not giving us 0:15:54.960 --> 0:15:59.240 any type of dialogue. There's no open communication, there's no 0:15:59.320 --> 0:16:03.440 transparent as to what they're doing. They know that NATO 0:16:03.960 --> 0:16:06.640 has been expanded in Europe and is looking to expand 0:16:06.720 --> 0:16:10.680 in the Indo Pacific region. So what's going on here? 0:16:11.880 --> 0:16:14.240 And like I said in my opinion, they're getting this 0:16:14.320 --> 0:16:16.640 ready for more war. Now, this should be a problem 0:16:16.680 --> 0:16:20.040 for everybody because, first of all, why are we continuing 0:16:20.040 --> 0:16:21.720 to go into these wars? The fact that we have 0:16:21.840 --> 0:16:25.560 this potential nuclear war hanging over our heads already between 0:16:26.000 --> 0:16:29.000 US and Russia over Ukraine. The fact that we have 0:16:29.520 --> 0:16:31.880 one guy Biden or a group of people, however, you 0:16:31.880 --> 0:16:34.200 want to look out at the neo cons that have 0:16:34.360 --> 0:16:38.880 the right to drag us into a potential nuclear war 0:16:39.200 --> 0:16:43.920 that could put my kids lives in danger because of 0:16:44.040 --> 0:16:48.200 who controls CRIMEA. Do you even know where Crimea is 0:16:48.240 --> 0:16:50.520 on a map, and do you care who controls it? 0:16:51.120 --> 0:16:53.480 Russia used to control it, now Ukraine controls it. Now 0:16:53.560 --> 0:16:55.440 Russia wants to control it again. What do you care? 0:16:56.400 --> 0:16:59.400 Do you care enough to put your kids and your 0:16:59.480 --> 0:17:03.360 grandkids and my grandkids lives in danger? But that's where 0:17:03.400 --> 0:17:07.040 we're app So this looks like more war rhetoric to me. 0:17:07.119 --> 0:17:09.680 I think that's why we're all hyped up on this balloon. 0:17:10.040 --> 0:17:12.240 Hopefully you have enough to see through that, But of 0:17:12.240 --> 0:17:14.040 course I'd love to hear your viewpoints on that. Hit 0:17:14.080 --> 0:17:16.000 me up on social media. I'd like to hear more 0:17:16.600 --> 0:17:18.560 from some of you guys. Hit me up on social 0:17:18.560 --> 0:17:20.840 media at one Mark Moss. You can hit me up 0:17:20.880 --> 0:17:24.280 on Instagram or on Twitter, ask me a question, tag 0:17:24.320 --> 0:17:26.399 me in it, or let me know what you think about. 0:17:26.440 --> 0:17:30.000 This is the balloon being angled to get us ready 0:17:30.040 --> 0:17:33.160 to build sentiment against China, to get us ready for war. 0:17:33.520 --> 0:17:34.960 I'd like to hear what you think. If you're just 0:17:34.960 --> 0:17:36.480 tuning in, you're listening to the Mark mo Show, we're 0:17:36.480 --> 0:17:38.560 going through some of the biggest breaking news headlines. This 0:17:38.680 --> 0:17:41.119 we can talk about the decentralized revolution. I had a 0:17:41.119 --> 0:17:42.880 lot more to cover when I come back. You don't 0:17:42.880 --> 0:17:45.000 want to miss it, all right, Welcome back. If you're 0:17:45.000 --> 0:17:46.840 just tune in, you're listening to the Mark Moa Show. 0:17:46.840 --> 0:17:49.640 We're talking about the decentralized revolution, talking about the way 0:17:49.640 --> 0:17:52.320 the world is changing right before our very eyes. We're 0:17:52.320 --> 0:17:55.040 talking about some of the latest breaking news headlines this 0:17:55.119 --> 0:17:58.360 week to show us how this is going down. Of course, 0:17:58.359 --> 0:18:01.159 we look at it through the lens of politics, finance, 0:18:01.680 --> 0:18:05.480 and technology, because those are the three drivers, and we 0:18:05.560 --> 0:18:08.440 look at the where those three converge. Now, looking at 0:18:08.480 --> 0:18:13.679 the finance piece, we know that about every eighty years 0:18:13.960 --> 0:18:17.600 we have a financial revolution, the entire financial markets reset, 0:18:18.760 --> 0:18:21.520 and that's what we're witnessing. We're witnessing the end of 0:18:21.560 --> 0:18:25.720 a sovereign debt bubble. So all the big nations of 0:18:25.720 --> 0:18:27.960 the world have taken on too much debt. They're in 0:18:27.960 --> 0:18:30.720 a massive bubble and they're all crashing right now. And 0:18:30.720 --> 0:18:32.560 that's where we're witnessing right now. And we can see, 0:18:32.840 --> 0:18:34.879 of course, the biggest central bank in the world, the 0:18:35.640 --> 0:18:39.360 US Federal Reserve, and the head of that, Jerome Powell, 0:18:39.480 --> 0:18:43.440 has been busy trying to talk down markets and all 0:18:43.480 --> 0:18:45.440 eyes that have been on the Fed, because the Feds 0:18:45.440 --> 0:18:48.520 have been hell bent on bringing the markets down. When 0:18:48.520 --> 0:18:50.960 I say the markets, I'm talking about the asset prices, 0:18:52.040 --> 0:18:54.440 I'm talking about the asset prices. So you have to 0:18:54.520 --> 0:18:57.399 understand there's a big difference between the economy and the 0:18:57.480 --> 0:19:00.159 asset prices. So you saw in twenty twenty all the 0:19:00.200 --> 0:19:02.720 businesses were shut down, the whole world was shut down, 0:19:02.800 --> 0:19:05.200 but yet asset prices went to new all time highs. 0:19:05.680 --> 0:19:08.280 So we don't have to look at the asset prices 0:19:08.320 --> 0:19:11.400 and the economy together. And the FED has been hell 0:19:11.440 --> 0:19:13.840 bent on bringing asset prices down because they want you 0:19:13.880 --> 0:19:16.440 to feel broke, because if you feel broke, you don't 0:19:16.440 --> 0:19:18.840 buy as many things. And if you don't buy as 0:19:18.920 --> 0:19:22.240 many things, their hope is that then prices or inflation 0:19:22.440 --> 0:19:25.240 comes back down. So the Fed's been hell bent on 0:19:25.359 --> 0:19:28.040 raising rates at the fastest rate in history to try 0:19:28.040 --> 0:19:29.680 to slow things down, and they've done a good job 0:19:29.680 --> 0:19:32.040 of bringing the markets down. The markets have come crashing down. 0:19:33.000 --> 0:19:36.000 The problem is that now we're at this point where 0:19:36.680 --> 0:19:40.399 the markets, the traders, the investors don't really believe the 0:19:40.440 --> 0:19:45.320 FED anymore. They don't believe the FED is capable of 0:19:45.320 --> 0:19:47.040 doing what they're going to do. And I say capable 0:19:47.080 --> 0:19:50.440 because I think at least for me and I would 0:19:50.480 --> 0:19:53.520 think for most people, we believe that the FED and 0:19:53.640 --> 0:19:58.720 Jerome Powell means what he says. We believe that he's serious. 0:19:58.800 --> 0:20:02.080 We believe that he he believes it. So when he 0:20:02.119 --> 0:20:04.520 says that he's going to raise rates and keep them 0:20:04.520 --> 0:20:07.159 there for a long time, I think he believes it 0:20:07.240 --> 0:20:10.320 and he means that. But he also said that they 0:20:10.359 --> 0:20:12.840 were going to lower rates and they wouldn't raise them 0:20:12.880 --> 0:20:17.040 for four years, and then they did after two. Now, 0:20:17.040 --> 0:20:19.080 when he said they wouldn't raise them for four years, 0:20:19.080 --> 0:20:22.040 I think he believed and meant that as well. But 0:20:22.040 --> 0:20:27.240 what happens is things change, conditions change, there's constraints, and 0:20:27.240 --> 0:20:30.000 they couldn't deal with this massive inflation, and so they 0:20:30.000 --> 0:20:33.480 were forced to raise rates. Inflation came on way faster, 0:20:33.600 --> 0:20:36.160 way harder, and ways way more sticky than they thought 0:20:36.160 --> 0:20:39.000 it was going to be. Remember, they kept saying its transitory, transitory, transitory, 0:20:39.400 --> 0:20:42.639 which it wasn't. And so when it was found to 0:20:42.640 --> 0:20:46.000 be sticky and it wouldn't go away, they were forced 0:20:46.040 --> 0:20:48.680 to raise rates sooner than the four years they had predicted. 0:20:48.920 --> 0:20:52.720 And so now Jerome Pale's committed to it. He's committed 0:20:52.760 --> 0:20:55.639 to continuing to crush the markets, and he's content, and 0:20:55.640 --> 0:20:58.560 he's committed to taking rates high and leaving them for 0:20:58.640 --> 0:21:02.120 a long time. The problem is, even though we believe him, 0:21:02.240 --> 0:21:04.680 we understand that there's constraints that will keep him from 0:21:04.680 --> 0:21:06.920 doing that. And so that's kind of where we're at, 0:21:06.920 --> 0:21:08.920 and we're already starting to see the signs of this 0:21:09.119 --> 0:21:11.120 being angled. There's a couple of signs to look at. 0:21:11.560 --> 0:21:16.200 I think one sign is that the government, the US 0:21:16.280 --> 0:21:22.640 government and the Treasury is at odds with the Federal Reserve, 0:21:23.520 --> 0:21:27.400 and so those two have different interests. The Federal Reserve 0:21:27.600 --> 0:21:31.000 wants to protect the monetary system, that's the dollar and 0:21:31.080 --> 0:21:34.639