1 00:00:00,160 --> 00:00:03,880 Speaker 1: Hello, and welcome to another episode of The Markmas Show, where, 2 00:00:03,880 --> 00:00:06,080 Speaker 1: of course each end, every week we come and we 3 00:00:06,160 --> 00:00:09,280 Speaker 1: talk about the decentralized revolution, the way the world is 4 00:00:09,400 --> 00:00:14,120 Speaker 1: changing right now, right before our very eyes. We're living 5 00:00:14,160 --> 00:00:16,800 Speaker 1: through a period that will be discussed in history books 6 00:00:17,000 --> 00:00:20,760 Speaker 1: for millennia to come. UM. It is that groundbreaking um, 7 00:00:20,880 --> 00:00:23,159 Speaker 1: much like we talk about the Protestant Reformation in the 8 00:00:23,160 --> 00:00:27,240 Speaker 1: fift hundreds, or the American Revolution in the seventeen hundreds, UM, 9 00:00:27,360 --> 00:00:29,840 Speaker 1: or the collapse of the Roman empirement. I mean, it's 10 00:00:29,920 --> 00:00:32,280 Speaker 1: that big what we're witnessing as the world, as the 11 00:00:32,320 --> 00:00:35,559 Speaker 1: pendulum swings from centralization to decentralization, and we look at 12 00:00:35,600 --> 00:00:39,600 Speaker 1: through the lens of politics, finance, and technology, those three pieces. 13 00:00:39,600 --> 00:00:43,400 Speaker 1: Of course, technology is the big disruptor that changes history 14 00:00:43,400 --> 00:00:46,279 Speaker 1: as we go back and look through it. And at 15 00:00:46,280 --> 00:00:49,040 Speaker 1: the time when we're going from a centralized world to 16 00:00:49,080 --> 00:00:52,760 Speaker 1: a decentralized world, revolution and force. We have the technology 17 00:00:52,760 --> 00:00:57,000 Speaker 1: that decentralized technology, that is bitcoin, that is changing the world. 18 00:00:57,440 --> 00:00:58,880 Speaker 1: But of course we look at it through the lens 19 00:00:58,920 --> 00:01:02,600 Speaker 1: of those three things, politics, finance, and technology. Those are 20 00:01:02,600 --> 00:01:05,520 Speaker 1: the revolutions that are happening and changing right before our 21 00:01:05,560 --> 00:01:10,840 Speaker 1: very eyes, right under our very feet. Um, it's happening 22 00:01:11,040 --> 00:01:13,880 Speaker 1: faster than we can even keep tracking. I make content 23 00:01:13,920 --> 00:01:16,800 Speaker 1: almost every single day, and I can't keep up with 24 00:01:16,880 --> 00:01:19,399 Speaker 1: how fast things are going. And of course I try 25 00:01:19,440 --> 00:01:21,440 Speaker 1: to bring to you some of the latest breaking news, 26 00:01:21,760 --> 00:01:23,760 Speaker 1: some of some education to help you see the world 27 00:01:23,760 --> 00:01:26,800 Speaker 1: a little bit different, and of course some very interesting guests. 28 00:01:26,800 --> 00:01:28,240 Speaker 1: You don't have to listen to me, in my opinion, 29 00:01:28,280 --> 00:01:30,679 Speaker 1: all the time. But today I want to talk about 30 00:01:30,720 --> 00:01:34,280 Speaker 1: something that happened this week. Monumental, that's what it was called. 31 00:01:34,319 --> 00:01:38,240 Speaker 1: It was called monumental. It may be the biggest thing 32 00:01:38,360 --> 00:01:41,880 Speaker 1: that's ever happened. Apparently that's what well, that's what we're 33 00:01:41,959 --> 00:01:46,760 Speaker 1: led to believe. It's politics, and it's finance, and of 34 00:01:46,800 --> 00:01:48,480 Speaker 1: course it changed the world. And what I'm talking about 35 00:01:48,520 --> 00:01:51,880 Speaker 1: today is this uh, brand new bill that was put 36 00:01:51,960 --> 00:01:55,400 Speaker 1: forward um this week. It was signed. Everybody got together 37 00:01:55,440 --> 00:01:57,800 Speaker 1: and clapped while the President looked like he didn't know 38 00:01:57,800 --> 00:02:01,440 Speaker 1: where he was at. Um and Uh, this monumental bill 39 00:02:01,600 --> 00:02:07,560 Speaker 1: that's called the Inflation Reduction Act. Now, it's monumentous, monumental, 40 00:02:08,040 --> 00:02:12,000 Speaker 1: it's so big, it's it's a resurrected plan that's come 41 00:02:12,040 --> 00:02:15,360 Speaker 1: back from the dead, and it was originally put forth 42 00:02:15,440 --> 00:02:19,760 Speaker 1: in a plan called build back better. Uh, you've probably 43 00:02:19,760 --> 00:02:22,720 Speaker 1: heard that term hundred or a thousand or even a 44 00:02:22,760 --> 00:02:26,120 Speaker 1: million times. It's not just in America and President Biden 45 00:02:26,240 --> 00:02:28,440 Speaker 1: using that term build back better. As a matter of fact, 46 00:02:28,440 --> 00:02:30,200 Speaker 1: I'm sure you've probably seen. If you haven't, you can 47 00:02:30,240 --> 00:02:34,600 Speaker 1: go find it the month. Is it a montage, I guess, 48 00:02:34,600 --> 00:02:37,519 Speaker 1: like a collection of all the video clips of every 49 00:02:37,560 --> 00:02:41,760 Speaker 1: single leader, every single like mainstream media newsperson using that 50 00:02:41,919 --> 00:02:44,519 Speaker 1: same verbiage. So I don't I don't care if you're 51 00:02:44,960 --> 00:02:48,720 Speaker 1: Angela Merkel in Germany or Justins Row in Canada, or 52 00:02:49,639 --> 00:02:53,080 Speaker 1: klop Schwad from the Worldlet Forum or Joe Biden, everyone's 53 00:02:53,120 --> 00:02:56,000 Speaker 1: using the same terminology called build back better, build back better, 54 00:02:56,040 --> 00:02:59,359 Speaker 1: build back better, build back better. Well, think about that, 55 00:02:59,720 --> 00:03:04,160 Speaker 1: what does that even mean? Build back? So building back 56 00:03:04,680 --> 00:03:07,959 Speaker 1: would mean that we have to build back something that 57 00:03:08,080 --> 00:03:13,160 Speaker 1: was previously there, something that maybe was destroyed or broken 58 00:03:13,240 --> 00:03:17,120 Speaker 1: down or torn down, and so because it was there 59 00:03:17,440 --> 00:03:21,200 Speaker 1: and it's no longer there because it was destroyed or whatever, 60 00:03:21,400 --> 00:03:23,160 Speaker 1: and then we have to build it back, but this 61 00:03:23,200 --> 00:03:25,240 Speaker 1: time we're gonna do it better. Apparently that's what they 62 00:03:25,280 --> 00:03:27,520 Speaker 1: have is believe. So it's pretty interesting to think about 63 00:03:27,520 --> 00:03:29,960 Speaker 1: it if you actually just break down, break that down. Now, 64 00:03:29,960 --> 00:03:32,200 Speaker 1: why is the whole world, every single leader, every single 65 00:03:32,280 --> 00:03:36,160 Speaker 1: mainstream leader calling using the same terminology build back better? 66 00:03:37,680 --> 00:03:40,800 Speaker 1: And what is it that they're tearing down in order 67 00:03:40,800 --> 00:03:43,520 Speaker 1: to build back? Well, of course that's the society is, 68 00:03:43,720 --> 00:03:45,360 Speaker 1: that's the world as you know it. Of course, that's 69 00:03:45,400 --> 00:03:50,880 Speaker 1: what it is, you know, the great reset. So apparently, um, 70 00:03:50,920 --> 00:03:53,080 Speaker 1: you know this world that we live in, the life 71 00:03:53,080 --> 00:03:56,760 Speaker 1: that we have, Um, the American dream that we've had, 72 00:03:56,800 --> 00:04:00,680 Speaker 1: the American experiment has been called capitalism. That's brought more 73 00:04:00,720 --> 00:04:02,880 Speaker 1: people out of poverty than the other thing in the 74 00:04:03,040 --> 00:04:07,160 Speaker 1: history of the whole world. Apparently that's no good. Apparently 75 00:04:07,200 --> 00:04:09,440 Speaker 1: it was never good because it was always built on 76 00:04:09,480 --> 00:04:15,839 Speaker 1: a systemic racism, I guess or something like that. Apparently, So, um, 77 00:04:16,200 --> 00:04:19,040 Speaker 1: never mind all the progress that we've had. Three years ago, 78 00:04:19,040 --> 00:04:20,359 Speaker 1: we're all living in the dirt, and today we have 79 00:04:20,400 --> 00:04:22,040 Speaker 1: medicine and we have science, and we have spaceships and 80 00:04:22,080 --> 00:04:25,279 Speaker 1: we have satellites and we have all this amazing technology. Life. 81 00:04:25,400 --> 00:04:28,719 Speaker 1: Life has never been better. Um, but it's no good. 82 00:04:28,880 --> 00:04:31,760 Speaker 1: Let's just tear it all down. Let's reset it, great 83 00:04:31,800 --> 00:04:36,240 Speaker 1: reset and then we'll build it back. Well, I'm not 84 00:04:36,320 --> 00:04:37,680 Speaker 1: for that. As a matter of fact, I think things 85 00:04:37,680 --> 00:04:40,320 Speaker 1: are pretty good. Obviously, I'm not happy with the direction 86 00:04:40,400 --> 00:04:43,320 Speaker 1: things are going. There's plenty of bad things going on 87 00:04:43,360 --> 00:04:45,080 Speaker 1: in the world, and I point to many of those things. 88 00:04:45,120 --> 00:04:47,159 Speaker 1: Not because I'm a doing gloomer, but I'm hoping that 89 00:04:47,200 --> 00:04:50,120 Speaker 1: we can wake up, wake up the sleeping lines, i'd 90 00:04:50,120 --> 00:04:51,960 Speaker 1: like to say, and we can turn the tide before 91 00:04:51,960 --> 00:04:55,039 Speaker 1: it's too late. Anyway, the build back Better plan that 92 00:04:55,080 --> 00:04:56,640 Speaker 1: Biden put forward, I think it was like a one 93 00:04:56,680 --> 00:04:59,839 Speaker 1: point seven If I'm not mistaken, I have it written 94 00:04:59,839 --> 00:05:01,520 Speaker 1: down here in my notes. Somebody at one point seven 95 00:05:01,680 --> 00:05:06,080 Speaker 1: five trillion dollar plan to build back better is what 96 00:05:06,120 --> 00:05:09,839 Speaker 1: they called it. One point seven five trillion dollars that 97 00:05:09,880 --> 00:05:12,919 Speaker 1: they wanted to spend. Now, the House passed it, but 98 00:05:12,960 --> 00:05:15,920 Speaker 1: then it was shot down in the Senate. So half 99 00:05:16,000 --> 00:05:18,200 Speaker 1: of the one part of that of the government put 100 00:05:18,200 --> 00:05:21,160 Speaker 1: it through. UM. The House passed it and then it 101 00:05:21,320 --> 00:05:26,480 Speaker 1: was declared dead. Now this was last November. UM November 102 00:05:27,440 --> 00:05:30,040 Speaker 1: where the House passed it UM and it was one 103 00:05:30,040 --> 00:05:33,440 Speaker 1: point seven trying one seven five trillion, which is an 104 00:05:33,440 --> 00:05:37,080 Speaker 1: insane amount of money. To put that into perspective, in 105 00:05:37,160 --> 00:05:41,200 Speaker 1: two thousand and eight, during the Great the Global financial Crash, 106 00:05:41,200 --> 00:05:44,400 Speaker 1: when the entire world melted down, the entire financial system 107 00:05:44,440 --> 00:05:49,880 Speaker 1: came crumbling down. It took seven hundred million tarp funds 108 00:05:49,920 --> 00:05:51,920 Speaker 1: to bail it out, which at that time was insane. 109 00:05:51,920 --> 00:05:53,720 Speaker 1: It was mind blow and I remember living through that 110 00:05:53,760 --> 00:05:58,640 Speaker 1: and going, no, they can't spend that much money seven today, 111 00:05:58,680 --> 00:06:01,479 Speaker 1: that's a walk in the park. They were trying to 112 00:06:01,480 --> 00:06:03,920 Speaker 1: push through one point seven five on top of the 113 00:06:03,960 --> 00:06:06,839 Speaker 1: other multiple trillion dollar package they had put forward. That 114 00:06:07,080 --> 00:06:09,000 Speaker 1: led us to the point that right today, So anyway, 115 00:06:09,080 --> 00:06:12,560 Speaker 1: build back Better got killed. UM, didn't pass, and so 116 00:06:12,760 --> 00:06:15,000 Speaker 1: they resurrected it from the dead, and this time they've 117 00:06:15,040 --> 00:06:18,880 Speaker 1: called it something better. UM. They call it the Inflation 118 00:06:19,120 --> 00:06:23,360 Speaker 1: Reduction Act. Because everybody is affected by inflation. It's hurting 119 00:06:23,520 --> 00:06:27,440 Speaker 1: all these families across hard working American families. It's hurting 120 00:06:27,440 --> 00:06:29,240 Speaker 1: them and they can't afford the gas and they can't 121 00:06:29,240 --> 00:06:31,640 Speaker 1: afford the food. This inflation, it's so bad. As a 122 00:06:31,680 --> 00:06:35,120 Speaker 1: matter of fact, it's our number one concern, It's Biden's 123 00:06:35,200 --> 00:06:38,200 Speaker 1: number one concerns, the Federal reserved number one concern. We 124 00:06:38,279 --> 00:06:41,880 Speaker 1: have to crush inflation no matter what. So let's just 125 00:06:42,000 --> 00:06:45,640 Speaker 1: name a bill the Inflation Reduction Act, and everybody's going 126 00:06:45,720 --> 00:06:48,200 Speaker 1: to vote for it, right, I mean, what kind of 127 00:06:48,279 --> 00:06:51,560 Speaker 1: what kind of monster would the politician be to vote 128 00:06:51,600 --> 00:06:55,920 Speaker 1: against a bill called Inflation Reduction Act when inflation is 129 00:06:55,920 --> 00:06:59,200 Speaker 1: the number one problem that everyone's concerned about. What kind 130 00:06:59,200 --> 00:07:01,359 Speaker 1: of monster would against that? Billy? See how they do that? 131 00:07:01,880 --> 00:07:04,600 Speaker 1: See how they play that? Now, nobody wanted to build 132 00:07:04,600 --> 00:07:06,880 Speaker 1: back better because of what I said it, Well, that 133 00:07:06,920 --> 00:07:08,520 Speaker 1: means that you're tearing down the system that we have. 134 00:07:08,640 --> 00:07:10,520 Speaker 1: We don't want that. Nobody wants that. I mean maybe 135 00:07:10,520 --> 00:07:13,160 Speaker 1: some people do, but most people don't. But when you 136 00:07:13,280 --> 00:07:15,680 Speaker 1: name it something like Save the Puppies Act, I mean, 137 00:07:15,680 --> 00:07:18,160 Speaker 1: who can vote for that? Vote against that? Nobody could? 138 00:07:18,320 --> 00:07:22,520 Speaker 1: Who could vote against reducing inflation? Everybody wants to reduce inflation. 139 00:07:24,760 --> 00:07:28,400 Speaker 1: The games they play and how easily we are tricked. Well, 140 00:07:28,520 --> 00:07:31,440 Speaker 1: not you and not me, we see through it. But 141 00:07:31,560 --> 00:07:35,040 Speaker 1: unfortunately most people are tricked and they don't see this coming. 142 00:07:35,120 --> 00:07:37,640 Speaker 1: So big news this week, like I said, Biden signs 143 00:07:37,640 --> 00:07:41,840 Speaker 1: the Inflation Reduction Act into law, and there's a lot 144 00:07:41,880 --> 00:07:44,080 Speaker 1: of other things that went into law as part of that. 145 00:07:44,120 --> 00:07:45,520 Speaker 1: I'm gonna break some of that down, and then I'm 146 00:07:45,520 --> 00:07:49,160 Speaker 1: gonna break down what what this really means to you 147 00:07:49,240 --> 00:07:52,920 Speaker 1: and I and what are the actual tactical things that 148 00:07:52,960 --> 00:07:57,080 Speaker 1: are going to change in your life, Because I'm gonna 149 00:07:57,080 --> 00:08:01,600 Speaker 1: tell you right now, they are coming for you, whoever 150 00:08:01,680 --> 00:08:03,920 Speaker 1: you are, and I'm gonna break that down. I'm gonna 151 00:08:03,960 --> 00:08:05,600 Speaker 1: break it down for you. I'm gonna break down what 152 00:08:05,680 --> 00:08:08,360 Speaker 1: income category is gonna be affected most by this. So 153 00:08:08,360 --> 00:08:11,200 Speaker 1: we got lots to cover, all right. So, like I 154 00:08:11,240 --> 00:08:13,600 Speaker 1: said this week, there's a video of Biden sitting at 155 00:08:13,640 --> 00:08:17,160 Speaker 1: a desk and you got Mansion and Schumer and uh, 156 00:08:17,200 --> 00:08:19,120 Speaker 1: you know, all these people standing around him watching him 157 00:08:19,120 --> 00:08:22,480 Speaker 1: sign and uh he picks up the pen and if 158 00:08:22,520 --> 00:08:25,160 Speaker 1: this wasn't audio only, I'd love to show you the video. 159 00:08:25,600 --> 00:08:28,280 Speaker 1: But he signs this thing and then everyone's like applauding, 160 00:08:29,080 --> 00:08:32,480 Speaker 1: and he's like looking around like he's like, where am I. 161 00:08:33,400 --> 00:08:38,080 Speaker 1: It's pretty it's pretty sad. It's kind of like elder abuse. 162 00:08:38,120 --> 00:08:44,920 Speaker 1: In my opinion, I could almost I can almost understand. 163 00:08:45,720 --> 00:08:49,120 Speaker 1: I can understand maybe at the time people still thought 164 00:08:49,160 --> 00:08:50,880 Speaker 1: he was okay and they voted for him. I get that. 165 00:08:50,960 --> 00:08:55,880 Speaker 1: I could understand that, but at the point we're at today, 166 00:08:55,920 --> 00:08:59,000 Speaker 1: I mean, how do they think that anybody could stand 167 00:08:59,000 --> 00:09:01,160 Speaker 1: behind that? Is just mind and anyway, you listen to 168 00:09:01,200 --> 00:09:03,720 Speaker 1: the Markma Show. We're talking about the decentralized revolution. We're 169 00:09:03,720 --> 00:09:05,680 Speaker 1: talking about the way the world is changing right before 170 00:09:05,679 --> 00:09:08,760 Speaker 1: our very eyes through the lens of politics, finance, and technology. 171 00:09:08,760 --> 00:09:11,080 Speaker 1: Today we're talking about both of those, politics and finance, 172 00:09:11,120 --> 00:09:13,160 Speaker 1: the intersection of those, and we're talking about something that 173 00:09:13,240 --> 00:09:17,280 Speaker 1: is monumental and it's going to change the world. This 174 00:09:17,400 --> 00:09:19,720 Speaker 1: is one of the big catalysts that will move us 175 00:09:19,760 --> 00:09:23,439 Speaker 1: forward into this decentralized revolution UM catapulting us. I want 176 00:09:23,440 --> 00:09:26,360 Speaker 1: to break this down what it means for you, um specifically, 177 00:09:26,360 --> 00:09:28,120 Speaker 1: what it means for you, what you need to be 178 00:09:28,200 --> 00:09:29,560 Speaker 1: aware of. So I'll be back with that and more 179 00:09:29,559 --> 00:09:30,960 Speaker 1: in a minute. Don't go away. You're listening to the 180 00:09:31,000 --> 00:09:34,280 Speaker 1: Mark Moa Show. I'll be back. Don't go away, all right, 181 00:09:34,320 --> 00:09:36,240 Speaker 1: welcome back. You are listening to the Mark Ma Show. 182 00:09:36,280 --> 00:09:38,560 Speaker 1: We're talking about each and every week, of course, the 183 00:09:38,640 --> 00:09:42,040 Speaker 1: decentralized revolution, the way the world is changing right before 184 00:09:42,040 --> 00:09:43,520 Speaker 1: our very eyes as we look at it through the 185 00:09:43,559 --> 00:09:47,520 Speaker 1: lens of politics, finance and technology. Of course, that technology 186 00:09:47,559 --> 00:09:50,720 Speaker 1: we're talking about is bitcoin, which is a decentralized technology 187 00:09:51,040 --> 00:09:53,840 Speaker 1: giving us exactly what we need at the time as 188 00:09:53,880 --> 00:09:56,760 Speaker 1: the world is going from centralization to decentralization. We have 189 00:09:56,760 --> 00:09:59,640 Speaker 1: a decentralized technology that's the catalyst for a lot of 190 00:09:59,640 --> 00:10:02,840 Speaker 1: this aimes that we're seeing today. So it all funnels 191 00:10:02,880 --> 00:10:05,040 Speaker 1: back or points back to that. But today we're talking 192 00:10:05,040 --> 00:10:08,880 Speaker 1: about specifically, um, this new bill that got signed into 193 00:10:09,040 --> 00:10:14,599 Speaker 1: law this week. Um. I believe that was on August seventeenth, 194 00:10:14,600 --> 00:10:18,040 Speaker 1: the August six And this bill was originally titled the 195 00:10:18,080 --> 00:10:20,000 Speaker 1: Build Back Better Bill, and of course nobody wanted that. 196 00:10:20,040 --> 00:10:22,360 Speaker 1: They killed it, but they brought it back with a 197 00:10:22,400 --> 00:10:25,160 Speaker 1: better name, Inflation Production Act, And who in their right 198 00:10:25,240 --> 00:10:27,480 Speaker 1: mind could vote against that, And of course it got passed, 199 00:10:27,480 --> 00:10:29,640 Speaker 1: now barely, it barely got passed. We'll talk about that 200 00:10:29,640 --> 00:10:34,000 Speaker 1: in a second. Now, this bill, like I said, was 201 00:10:34,000 --> 00:10:38,000 Speaker 1: originally at one point seven five trillion dollar bill, but 202 00:10:38,080 --> 00:10:41,720 Speaker 1: now it's got marked down and it's much less. As 203 00:10:41,760 --> 00:10:44,560 Speaker 1: a matter of fact, it's only a mere fraction of 204 00:10:44,600 --> 00:10:47,280 Speaker 1: that today. But with this law, the American people won 205 00:10:48,120 --> 00:10:53,720 Speaker 1: and the special special interests lost. Biden said, Really, the 206 00:10:53,800 --> 00:10:57,800 Speaker 1: American people one and special interests loss. Who are those 207 00:10:57,840 --> 00:11:00,280 Speaker 1: special interests that lost? I'd like to know that, and 208 00:11:00,280 --> 00:11:02,120 Speaker 1: who are the American people that want I would like 209 00:11:02,160 --> 00:11:04,120 Speaker 1: to also know that as well. I'm gonna break it 210 00:11:04,160 --> 00:11:06,200 Speaker 1: down and you tell me which side you're on. I'd 211 00:11:06,240 --> 00:11:08,959 Speaker 1: love to have you tell me that. If you follow 212 00:11:09,000 --> 00:11:10,839 Speaker 1: me on social media, you can find me at one 213 00:11:10,920 --> 00:11:13,120 Speaker 1: Mark moss that's just the number one, at number one, 214 00:11:13,160 --> 00:11:17,000 Speaker 1: Mark moss Um. Let me know that you're listening to me, 215 00:11:17,520 --> 00:11:20,000 Speaker 1: and which side do you follow on this? Did you 216 00:11:20,000 --> 00:11:22,360 Speaker 1: win or did you lose? Did the American people win 217 00:11:22,480 --> 00:11:24,360 Speaker 1: or did the special interests lose? All? Right? So the 218 00:11:24,400 --> 00:11:27,600 Speaker 1: new law includes a three hundred and sixty nine billion 219 00:11:27,880 --> 00:11:31,920 Speaker 1: dollar investment in climate and energy policies. Now I've talked 220 00:11:31,960 --> 00:11:33,240 Speaker 1: about before. I don't have it in front of me, 221 00:11:33,840 --> 00:11:36,080 Speaker 1: but when you know, all these surveys and polls are 222 00:11:36,080 --> 00:11:38,320 Speaker 1: being done all the time, and on one of the 223 00:11:38,320 --> 00:11:41,040 Speaker 1: biggest surveys and polls that was done recently, they asked Americans, 224 00:11:41,280 --> 00:11:45,240 Speaker 1: what are the number one concerns that you have right now? 225 00:11:46,320 --> 00:11:52,760 Speaker 1: Climate came in at less than one percent of people's concerns. Now, 226 00:11:52,800 --> 00:11:54,880 Speaker 1: what they were concerned with is they can't afford gas 227 00:11:54,880 --> 00:11:57,920 Speaker 1: for their car, stake for their plates. They were concerned 228 00:11:57,960 --> 00:12:01,040 Speaker 1: about their future, they were concerned about you know, nuclear war, 229 00:12:01,120 --> 00:12:05,000 Speaker 1: all these things. But climate was like less than one percent, 230 00:12:05,040 --> 00:12:06,920 Speaker 1: which is of course why they didn't name this like 231 00:12:06,960 --> 00:12:09,480 Speaker 1: the Climate Change Act. Nobody would have voted for that. 232 00:12:09,600 --> 00:12:11,800 Speaker 1: They named the Inflation Production Act, which is the number 233 00:12:11,840 --> 00:12:16,240 Speaker 1: one concern that people have. But none of this goes 234 00:12:16,280 --> 00:12:21,880 Speaker 1: for that. It goes to investment in climate and energy policies. Wait, 235 00:12:22,320 --> 00:12:24,800 Speaker 1: so you took the number one concern that we have 236 00:12:24,960 --> 00:12:26,840 Speaker 1: in the surveys, but then you take all the money 237 00:12:26,880 --> 00:12:28,920 Speaker 1: and you put it in do the less than one 238 00:12:28,960 --> 00:12:31,680 Speaker 1: percent concerned that people have. That seems like a bait 239 00:12:31,760 --> 00:12:35,839 Speaker 1: and switch to me, it actually sounds like a scam. Now. 240 00:12:35,880 --> 00:12:37,600 Speaker 1: I don't like to use the word scam. It gets 241 00:12:37,640 --> 00:12:39,800 Speaker 1: thrown around a lot today. Words start to lose their 242 00:12:39,800 --> 00:12:41,320 Speaker 1: meanings when you don't use them in the right way. 243 00:12:41,559 --> 00:12:45,640 Speaker 1: A scam is when I I've bought something, or I've 244 00:12:45,679 --> 00:12:48,720 Speaker 1: agreed to something, and you give me something different than 245 00:12:48,760 --> 00:12:51,840 Speaker 1: what I've agreed to. If I bought an apple from you, 246 00:12:51,920 --> 00:12:55,440 Speaker 1: but instead you gave me a grape, you scammed me. Okay, 247 00:12:56,160 --> 00:13:01,079 Speaker 1: when I bought into reducing inflation, which was my main concern. 248 00:13:01,320 --> 00:13:04,120 Speaker 1: But what you gave me was climate and energy, which 249 00:13:04,160 --> 00:13:07,640 Speaker 1: I could care nothing about. You scammed me. Okay, I'm 250 00:13:07,640 --> 00:13:08,920 Speaker 1: just gonna call it straight up. That's what it is. 251 00:13:08,960 --> 00:13:13,640 Speaker 1: You scammed me sixty four billion to extend a policy 252 00:13:14,120 --> 00:13:19,160 Speaker 1: under the Affordable Care Act to reduce health insurance costs. 253 00:13:19,160 --> 00:13:22,200 Speaker 1: That's another great one. Affordable Care Act, Isn't that great? 254 00:13:22,320 --> 00:13:26,360 Speaker 1: Used to be called Obamacare Affordable Care Act. Since since 255 00:13:26,440 --> 00:13:31,120 Speaker 1: the Affordable Care Act went into place, my health insurance 256 00:13:31,160 --> 00:13:34,840 Speaker 1: costs went up, they became less affordable. To see how 257 00:13:34,840 --> 00:13:38,440 Speaker 1: that works, It's always the opposite. I'd love to hear 258 00:13:38,480 --> 00:13:42,320 Speaker 1: about your experience, but in my experience, for my very young, 259 00:13:42,600 --> 00:13:46,240 Speaker 1: healthy family of four, we spend a lot of money 260 00:13:46,280 --> 00:13:50,080 Speaker 1: and time and effort on our health. We eat real food, 261 00:13:50,120 --> 00:13:54,920 Speaker 1: not processed garbage and sludge. We spend time exercising, We 262 00:13:54,960 --> 00:13:58,520 Speaker 1: spend our time and effort listening to podcasts and experts 263 00:13:58,520 --> 00:14:00,640 Speaker 1: to be even more healthy, and all these things that 264 00:14:00,679 --> 00:14:03,200 Speaker 1: we can do. We're young, we're healthy. We spend money 265 00:14:03,240 --> 00:14:06,120 Speaker 1: doing that, and my insurance for my family of four 266 00:14:06,240 --> 00:14:09,079 Speaker 1: went from a few hundred dollars a month to over 267 00:14:09,280 --> 00:14:14,040 Speaker 1: seventeen hundred dollars per month for my family at four 268 00:14:14,920 --> 00:14:19,720 Speaker 1: that's after tax dollars. I'll have you. So the Affordable 269 00:14:19,720 --> 00:14:22,400 Speaker 1: Care Act and SURE didn't make it more affordable for me, 270 00:14:22,520 --> 00:14:26,240 Speaker 1: that's for sure. But anyway, UM, so apart sixty four 271 00:14:26,240 --> 00:14:29,320 Speaker 1: billion to extend a policy under that to reduce health 272 00:14:29,360 --> 00:14:34,280 Speaker 1: insurance costs, not reduce my health insurance costs. I'll pay more, 273 00:14:35,400 --> 00:14:37,760 Speaker 1: so a few of you could pay less. That's how 274 00:14:37,800 --> 00:14:43,800 Speaker 1: that works. UM. And a fifteen percent corporate minimum tax 275 00:14:44,160 --> 00:14:47,680 Speaker 1: aimed at companies that earn more than one billion dollars 276 00:14:47,680 --> 00:14:50,040 Speaker 1: a year. That's great, Hey, they should pay their fair share, right, 277 00:14:50,920 --> 00:14:53,360 Speaker 1: nobody's going to vote against that. That sounds great. The 278 00:14:53,520 --> 00:14:57,680 Speaker 1: four hundred and thirty seven billion dollars spending packages expected 279 00:14:57,680 --> 00:15:00,520 Speaker 1: to raise seven hundred thirty seven billion in avenue over 280 00:15:00,520 --> 00:15:02,720 Speaker 1: the next decade. So it went from a one point 281 00:15:02,760 --> 00:15:05,920 Speaker 1: seven trillion dollar bill to a four hundred and thirty 282 00:15:05,920 --> 00:15:11,040 Speaker 1: seven billion dollar package. So that's uh, you know for 283 00:15:11,040 --> 00:15:16,480 Speaker 1: a UM Now, I love how I say the foot 284 00:15:16,560 --> 00:15:20,160 Speaker 1: seven dollar, four and thirty seven billion dollar bill will 285 00:15:20,240 --> 00:15:24,280 Speaker 1: raise seven hundred and thirty seven billion back. So it's 286 00:15:24,320 --> 00:15:27,240 Speaker 1: an investment, right, It's an investment. We should put it 287 00:15:27,280 --> 00:15:29,240 Speaker 1: as an investment memorandum. We're gonna talk about that in 288 00:15:29,280 --> 00:15:34,280 Speaker 1: a minute. Um, the biggest share coming from reductions in 289 00:15:34,400 --> 00:15:38,920 Speaker 1: drug prices for Medicare recipients and tax hikes on corporations, 290 00:15:38,960 --> 00:15:42,080 Speaker 1: So that sounds good. Roughly a hundred and four billion 291 00:15:42,120 --> 00:15:45,920 Speaker 1: is expected to come from increased I R S enforcement. 292 00:15:45,960 --> 00:15:48,480 Speaker 1: We're gonna talk about that. So, Um, they're going to 293 00:15:48,720 --> 00:15:53,880 Speaker 1: increase I R S enforcement on you. You spend six 294 00:15:53,920 --> 00:15:56,080 Speaker 1: hundred bucks on Venmo up, we better shine a flashlight 295 00:15:56,160 --> 00:15:58,200 Speaker 1: up your butt. We better see what happened with that money, 296 00:15:58,280 --> 00:16:00,560 Speaker 1: because somehow you probably didn't pay tax, and so we 297 00:16:00,600 --> 00:16:02,240 Speaker 1: need to get that money. So we're gonna spend a 298 00:16:02,280 --> 00:16:05,040 Speaker 1: hund billion. Now of that h billion, of course, they 299 00:16:05,080 --> 00:16:07,880 Speaker 1: want to hire eighty seven thousand agents, and to spend 300 00:16:07,880 --> 00:16:10,320 Speaker 1: that um to hire those agents, they want to spend 301 00:16:10,360 --> 00:16:15,080 Speaker 1: eighty billion. So they believe that if they take eighty 302 00:16:15,120 --> 00:16:16,880 Speaker 1: billion of this package and give to the I R S, 303 00:16:16,960 --> 00:16:21,200 Speaker 1: they'll bring back a billion. Probably not. We're gonna talk 304 00:16:21,200 --> 00:16:23,480 Speaker 1: about that in a minute. Let's dig into this a 305 00:16:23,480 --> 00:16:26,680 Speaker 1: little bit here. First of all, I'll have you know 306 00:16:26,880 --> 00:16:31,280 Speaker 1: that the bill narrowly passed the U. S. Senate. Remember 307 00:16:31,280 --> 00:16:33,440 Speaker 1: the old one died, Build back better died. So they 308 00:16:33,440 --> 00:16:35,560 Speaker 1: brought it back and it narrowly passed. It was a 309 00:16:35,640 --> 00:16:40,360 Speaker 1: fifte vote, it won by one vote, and of course 310 00:16:40,400 --> 00:16:44,040 Speaker 1: the tie breaker was Vice President Kamala of course um, 311 00:16:44,160 --> 00:16:46,640 Speaker 1: and gave him the win. One thing that I would 312 00:16:46,640 --> 00:16:49,000 Speaker 1: think about now, of course, the United States is a republic. 313 00:16:49,280 --> 00:16:51,920 Speaker 1: I'm not a democracy. But in a democracy, it should 314 00:16:51,960 --> 00:16:56,040 Speaker 1: be what the people want. Now, if if you have 315 00:16:56,160 --> 00:16:59,400 Speaker 1: to ram rod this through and you can just barely 316 00:16:59,560 --> 00:17:04,320 Speaker 1: get somebody on your own side to cast the tie breaker, 317 00:17:05,240 --> 00:17:09,040 Speaker 1: is that really what the American people want? Is it really? 318 00:17:11,720 --> 00:17:13,320 Speaker 1: I would think they have to win by a bigger 319 00:17:13,320 --> 00:17:15,840 Speaker 1: margin that doesn't seem right, does it? But let's be clear. 320 00:17:15,880 --> 00:17:20,679 Speaker 1: It says quote in this historic moment, Democrats sided with 321 00:17:20,800 --> 00:17:26,000 Speaker 1: the American people. That's what they said. That's what Biden said. Um, 322 00:17:26,119 --> 00:17:27,840 Speaker 1: did they side with the American people? Is this what 323 00:17:27,880 --> 00:17:29,480 Speaker 1: American people want? Let's kind of dig into this a 324 00:17:29,520 --> 00:17:32,679 Speaker 1: little bit for a second. Now, First of all, they 325 00:17:32,720 --> 00:17:36,280 Speaker 1: call this an investment. Is that true? Um? I want 326 00:17:36,280 --> 00:17:37,560 Speaker 1: to look at the investment, and then I want to 327 00:17:37,560 --> 00:17:40,879 Speaker 1: look at the mansion and what it Finally, what he 328 00:17:41,080 --> 00:17:44,560 Speaker 1: said behind a closed doors after this is over, and 329 00:17:44,560 --> 00:17:46,440 Speaker 1: you're not going to believe what he said. He said 330 00:17:46,600 --> 00:17:49,720 Speaker 1: basically that what we said it's named isn't actually what's 331 00:17:49,720 --> 00:17:51,480 Speaker 1: gonna happen. He said that I'm gonna talk about that. 332 00:17:51,520 --> 00:17:53,600 Speaker 1: We're gonna talk about Bill Gates, where does Bill Gates 333 00:17:53,600 --> 00:17:55,920 Speaker 1: fit into all this? And then we're gonna fact check 334 00:17:55,960 --> 00:17:57,760 Speaker 1: some of this. All right, and I'm gonna tell you 335 00:17:57,800 --> 00:17:59,919 Speaker 1: what's coming for you. I gotta lot to cover when 336 00:17:59,920 --> 00:18:01,400 Speaker 1: I come back. You're listening to the Mark mo Show. 337 00:18:01,400 --> 00:18:03,760 Speaker 1: Of course, we're talking about the decentralized revolution, the way 338 00:18:03,800 --> 00:18:07,040 Speaker 1: the world is changing, um through the lens of politics, finance, 339 00:18:07,080 --> 00:18:09,840 Speaker 1: and technology, and of course the technology being bitcoined. I'm 340 00:18:09,880 --> 00:18:11,760 Speaker 1: gonna come back. I'm with a whole lot more on 341 00:18:11,760 --> 00:18:13,960 Speaker 1: this in a minute. Do not go away. I'll be 342 00:18:14,080 --> 00:18:16,719 Speaker 1: right back. All right, Welcome back. You are listening to 343 00:18:16,760 --> 00:18:19,120 Speaker 1: the Mark Ma Show, and we're talking about, of course, 344 00:18:19,119 --> 00:18:22,000 Speaker 1: each and every week, the decentralized revolution, meaning the way 345 00:18:22,040 --> 00:18:25,480 Speaker 1: the world is changing as the pendulum shifts from centralization 346 00:18:25,480 --> 00:18:28,120 Speaker 1: to decentralization, and we look at it through the lens 347 00:18:28,119 --> 00:18:31,520 Speaker 1: of politics, finance, and technology, and of course today we're 348 00:18:31,520 --> 00:18:34,600 Speaker 1: talking about the intersection of two of those, politics and finance. 349 00:18:34,800 --> 00:18:38,040 Speaker 1: And we're talking about this new bill, this monumental bill 350 00:18:38,119 --> 00:18:42,080 Speaker 1: that got signed, the Inflation Reduction Act, that will do 351 00:18:42,400 --> 00:18:46,680 Speaker 1: none of that. It won't reduce inflation at all. And 352 00:18:47,119 --> 00:18:49,120 Speaker 1: don't just take my word for it. As a matter 353 00:18:49,119 --> 00:18:51,960 Speaker 1: of fact, the holdout that killed the original bill to 354 00:18:51,960 --> 00:18:55,280 Speaker 1: build back better bill we're talking about Mansion. He finally 355 00:18:55,320 --> 00:19:00,479 Speaker 1: admits inflation bill will not help Americans with low prices? 356 00:19:02,000 --> 00:19:05,560 Speaker 1: Why would it? Why would it? Senator Joe Mansion, Democrat 357 00:19:05,600 --> 00:19:09,000 Speaker 1: from West Virginia, admitted Tuesday the so called Inflation Reduction 358 00:19:09,040 --> 00:19:13,639 Speaker 1: Act will not have an immediate impact on inflation. He 359 00:19:13,640 --> 00:19:19,439 Speaker 1: admits it. News correspondent Hillary Vaughan asked Mansion on Tuesday 360 00:19:19,440 --> 00:19:22,920 Speaker 1: whether Democrats misled Americans by claiming the bill woard reduce 361 00:19:23,000 --> 00:19:27,960 Speaker 1: inflation and thus lower the price of everyday goods. Mansion said, quote, 362 00:19:28,400 --> 00:19:34,399 Speaker 1: why would it? Oh, you can't make this stuff up. 363 00:19:34,760 --> 00:19:41,480 Speaker 1: His response was, quote, why would it? Well, because it's 364 00:19:41,480 --> 00:19:45,520 Speaker 1: in the name, because it's literally named the Inflation Reduction Act. 365 00:19:47,359 --> 00:19:50,400 Speaker 1: Oh my gosh, you can't make this stuff up. Um, 366 00:19:50,480 --> 00:19:53,400 Speaker 1: he said, well, immediately, it's not. We've never said that 367 00:19:53,440 --> 00:19:55,600 Speaker 1: We've never said anything would happen immediately. It's not going 368 00:19:55,680 --> 00:20:00,159 Speaker 1: to turn a switch on and off. He went to 369 00:20:00,200 --> 00:20:02,439 Speaker 1: say that that the proper way to respond to an 370 00:20:02,440 --> 00:20:06,399 Speaker 1: inflation crisis is not by raising interest rates. Okay, so 371 00:20:06,440 --> 00:20:09,119 Speaker 1: we have this inflation crisis. Everybody's attacking it, and the 372 00:20:09,160 --> 00:20:12,000 Speaker 1: president's attacking it, the putin and price Supposedly, we have 373 00:20:12,080 --> 00:20:14,320 Speaker 1: the Federal Reserve attacking it. The federalserves attacking it by 374 00:20:14,359 --> 00:20:18,399 Speaker 1: doing what raising interest rates. They're raising interest rates to 375 00:20:18,680 --> 00:20:23,280 Speaker 1: crush demand. If they can crash your retirement account, if 376 00:20:23,280 --> 00:20:26,240 Speaker 1: they can crash your home's value, if they can make 377 00:20:26,280 --> 00:20:30,119 Speaker 1: you feel broke, then you don't go on vacation, you 378 00:20:30,119 --> 00:20:32,280 Speaker 1: don't go after dinner, you don't buy new cars. They 379 00:20:32,440 --> 00:20:36,520 Speaker 1: crush the demand, that's what they're doing. So he says, 380 00:20:36,560 --> 00:20:38,760 Speaker 1: the proper way to respond to inflation crosses is not 381 00:20:39,280 --> 00:20:45,439 Speaker 1: by raising interest rates. It's not by crushing demand. We like. So, 382 00:20:45,440 --> 00:20:48,000 Speaker 1: so the problem is people can't afford these things. So 383 00:20:48,080 --> 00:20:50,040 Speaker 1: the way we're gonna fix it is by taking away 384 00:20:50,080 --> 00:20:52,840 Speaker 1: all their money so they don't go buy them. That 385 00:20:52,840 --> 00:20:54,720 Speaker 1: doesn't make any sense. Well, it doesn't make sense to 386 00:20:54,760 --> 00:20:56,840 Speaker 1: you and I, because we're rational and we think like 387 00:20:56,920 --> 00:21:00,000 Speaker 1: normal people. But when you know you're when the whole 388 00:21:00,520 --> 00:21:02,439 Speaker 1: when all you have the hammer, the whole word looks gonnail. 389 00:21:02,880 --> 00:21:06,080 Speaker 1: And when you're essential banker and all you have is uh, 390 00:21:06,200 --> 00:21:08,080 Speaker 1: interest rates, I guess the whole world looks like you 391 00:21:08,119 --> 00:21:12,120 Speaker 1: need to raise interest rates. He says that you He says, 392 00:21:12,160 --> 00:21:15,760 Speaker 1: it's not by raising rates. You've got to produce yourself 393 00:21:15,920 --> 00:21:19,840 Speaker 1: out of this. Ah wow, mansion. He gets it, he 394 00:21:19,920 --> 00:21:22,280 Speaker 1: gets it. You don't. You don't get your way out 395 00:21:22,280 --> 00:21:25,919 Speaker 1: of inflation by taking away everybody's wealth. You do it 396 00:21:26,000 --> 00:21:29,560 Speaker 1: by producing yourself out of this. So they're supply and demand. 397 00:21:29,960 --> 00:21:33,639 Speaker 1: If the price of gas or steak is too high, 398 00:21:33,680 --> 00:21:37,320 Speaker 1: there's two ways to get that price adjusted supply and demand. 399 00:21:37,640 --> 00:21:40,040 Speaker 1: You can either one crushed demand, which is what the 400 00:21:40,040 --> 00:21:43,400 Speaker 1: Feds doing, make everybody poor. Or two you could increase 401 00:21:43,480 --> 00:21:46,760 Speaker 1: the supply. Just create more gas, just create more steak, 402 00:21:46,840 --> 00:21:48,560 Speaker 1: and the price comes down. That's what he's saying. You've 403 00:21:48,560 --> 00:21:52,040 Speaker 1: got to produce your way out of this. Mansion said quote. 404 00:21:52,040 --> 00:21:54,280 Speaker 1: If you think that you're going to wait on the 405 00:21:54,280 --> 00:21:59,359 Speaker 1: federal reserve to raise rates to discourage you from buying anything, 406 00:22:00,200 --> 00:22:03,200 Speaker 1: and that's going to take care of our inflation. That's 407 00:22:03,280 --> 00:22:08,040 Speaker 1: not how you take care of inflation. End quote mhm. 408 00:22:08,080 --> 00:22:13,720 Speaker 1: Of course economists disagreed. Um uh. Famed economist Noriel Robini, 409 00:22:14,080 --> 00:22:17,239 Speaker 1: no big fan of mine or I'm no fan of his, 410 00:22:17,480 --> 00:22:19,600 Speaker 1: called for the Reserve to take even more aggressive action, 411 00:22:19,720 --> 00:22:22,040 Speaker 1: raise rates even more. We've got to raise them of 412 00:22:22,240 --> 00:22:24,840 Speaker 1: five percent. Inflations getting out of control. We need to 413 00:22:24,920 --> 00:22:28,400 Speaker 1: make people broke. You don't understand. If they're not broke, 414 00:22:28,480 --> 00:22:31,760 Speaker 1: they're going to keep buying things. Oh yeah, Or we 415 00:22:31,760 --> 00:22:40,720 Speaker 1: could just produce more Um, all right, okay. Nonpartisan analysis 416 00:22:40,720 --> 00:22:43,240 Speaker 1: study the Inflation Production Act, which is a paired down 417 00:22:43,320 --> 00:22:45,320 Speaker 1: version of the bill back better. We've discussed that and 418 00:22:45,359 --> 00:22:48,520 Speaker 1: they said that impact inflation will be negligible, if at all. 419 00:22:49,240 --> 00:22:53,200 Speaker 1: Quote in calendar year in acting, the bill would have 420 00:22:53,200 --> 00:22:57,680 Speaker 1: have no effect on inflation in the CBO's assessment. Who 421 00:22:57,680 --> 00:23:00,240 Speaker 1: the heck is this CBO. Oh that's the congress Sational 422 00:23:00,280 --> 00:23:03,560 Speaker 1: Budget Office. Oh yeah, that's the government. So in the 423 00:23:03,600 --> 00:23:08,280 Speaker 1: government's own assessment, it's kinda gonna have any effect. The 424 00:23:08,320 --> 00:23:11,240 Speaker 1: pen Wharton budget model reached the same conclusion. The Act 425 00:23:11,280 --> 00:23:13,760 Speaker 1: would have no meaningful effect on inflation in the near term, 426 00:23:13,960 --> 00:23:19,159 Speaker 1: but would reduce inflation by around zero point one percent. 427 00:23:20,119 --> 00:23:23,400 Speaker 1: It could adjust it by zero point one percent maybe 428 00:23:23,840 --> 00:23:25,879 Speaker 1: by the middle of the first decade, so in the 429 00:23:26,040 --> 00:23:30,639 Speaker 1: in five years, maybe we'll get a zero percent reduction. 430 00:23:32,600 --> 00:23:35,680 Speaker 1: I mean, are they splitting hairs that that's a statistically 431 00:23:35,720 --> 00:23:39,160 Speaker 1: no different than zero? Okay, zero point one like whatever? 432 00:23:39,520 --> 00:23:42,320 Speaker 1: I mean these guys, But let's take into this a 433 00:23:42,320 --> 00:23:46,560 Speaker 1: little bit more for a second. Okay, Um, this happened, 434 00:23:46,800 --> 00:23:50,440 Speaker 1: it's happening, Okay, So what what's interesting is that there's 435 00:23:50,520 --> 00:23:53,880 Speaker 1: so few reporters that want to mention that this Inflation 436 00:23:53,920 --> 00:23:57,120 Speaker 1: Reduction Act is an actual fraud, right, A fraud, a scam. 437 00:23:57,160 --> 00:23:59,320 Speaker 1: When I've signed up for something, I've agreed to buy 438 00:23:59,359 --> 00:24:02,320 Speaker 1: something but delivered me something else than I But I 439 00:24:02,440 --> 00:24:06,200 Speaker 1: signed on to reduce inflation, but you're not reduced in inflation, 440 00:24:06,359 --> 00:24:09,679 Speaker 1: that's a fraud. Why are no reporters asking that question? 441 00:24:09,720 --> 00:24:17,200 Speaker 1: Instead they stand around clapping, clapping, another milestone, another milestone, 442 00:24:17,480 --> 00:24:21,879 Speaker 1: like a bunch of seals barking. Something happened, right, It 443 00:24:21,960 --> 00:24:24,280 Speaker 1: was transformational, it was monumental, there was game changing. That's 444 00:24:24,280 --> 00:24:27,119 Speaker 1: what they told us. Let's hear. Let's hear from there 445 00:24:27,359 --> 00:24:30,280 Speaker 1: were from their own mouths. Here's CNN. CNN says, as 446 00:24:30,320 --> 00:24:32,640 Speaker 1: the bill came closer to being signed in the law, 447 00:24:33,080 --> 00:24:35,679 Speaker 1: more media outlets begin referring to it as a quote 448 00:24:35,800 --> 00:24:41,920 Speaker 1: Climate and Health Bill instead, citing that nearly three billion 449 00:24:42,000 --> 00:24:46,240 Speaker 1: of the four hunder billion UM going towards investments. Wait, wait, wait, 450 00:24:46,359 --> 00:24:51,240 Speaker 1: going towards investments in energy security and climate change. That's 451 00:24:51,280 --> 00:24:56,119 Speaker 1: person in that's their words. So outlets stopped referring to 452 00:24:56,119 --> 00:24:58,200 Speaker 1: it as Inflation Production Act and started referring to it 453 00:24:58,240 --> 00:25:00,320 Speaker 1: as Climate and Health Bill because it's an invest sment 454 00:25:00,960 --> 00:25:03,240 Speaker 1: in energy security and climate change. Okay, And then that's 455 00:25:03,240 --> 00:25:06,320 Speaker 1: the scene. And here's New York Times again talking about 456 00:25:06,359 --> 00:25:09,200 Speaker 1: the investment angles. New York Times says, the bill, signed 457 00:25:09,200 --> 00:25:12,040 Speaker 1: into law by President Biden on Tuesday, makes three nine 458 00:25:12,080 --> 00:25:15,720 Speaker 1: billion in a climate and energy investments, by far, the 459 00:25:15,800 --> 00:25:21,479 Speaker 1: larger such investment in American history. So they are telling 460 00:25:21,520 --> 00:25:26,119 Speaker 1: you right now, you got scammed. You signed up the 461 00:25:26,160 --> 00:25:29,959 Speaker 1: American people. Apparently that's what Biden said. American people wanted 462 00:25:30,000 --> 00:25:34,560 Speaker 1: to stand up to reduce inflation Inflation Production Act, but 463 00:25:34,640 --> 00:25:38,320 Speaker 1: instead they got sold a different bill of goods than 464 00:25:38,320 --> 00:25:41,520 Speaker 1: they hoped for. And that's an investment into climate energy investments, 465 00:25:41,560 --> 00:25:43,480 Speaker 1: which again, per the survey, less than one percent of 466 00:25:43,560 --> 00:25:46,320 Speaker 1: people care about that. Now, calling it an an investment 467 00:25:46,560 --> 00:25:50,080 Speaker 1: is also a lie. So okay, so it's an investment. Okay, 468 00:25:50,080 --> 00:25:52,440 Speaker 1: So they the media told us that, So we didn't 469 00:25:52,440 --> 00:25:54,439 Speaker 1: really get scammed. They told us of an investment. That's 470 00:25:54,440 --> 00:25:56,919 Speaker 1: what we got. Well, that's a lie too. If you 471 00:25:56,960 --> 00:26:00,240 Speaker 1: were a stock promoter, you would go to jail ale 472 00:26:00,800 --> 00:26:04,000 Speaker 1: for making the claims that they've made if the sec 473 00:26:04,280 --> 00:26:06,120 Speaker 1: you know, obviously had any teeth and there on the case. 474 00:26:06,280 --> 00:26:10,719 Speaker 1: An investment is something that person makes willingly in the 475 00:26:10,760 --> 00:26:15,760 Speaker 1: hope of a gain. The Investment Reduction Inflation Reduction Act 476 00:26:15,760 --> 00:26:17,440 Speaker 1: we're called ira A from here on out because it's 477 00:26:17,440 --> 00:26:19,439 Speaker 1: too many words for me to say. Inflationment and Reduction 478 00:26:19,520 --> 00:26:24,000 Speaker 1: Act IRA is nothing like an investment. It takes money 479 00:26:24,040 --> 00:26:29,159 Speaker 1: from at least a hundred and fifty million unwilling citizens. 480 00:26:29,240 --> 00:26:31,840 Speaker 1: Remember it was so we can assume at least half 481 00:26:31,840 --> 00:26:34,320 Speaker 1: the people didn't want it. Um, So it takes money 482 00:26:34,359 --> 00:26:37,760 Speaker 1: from half of people that are unwilling. They don't want this, 483 00:26:38,280 --> 00:26:41,280 Speaker 1: They would never put up the money for this, even 484 00:26:41,320 --> 00:26:43,879 Speaker 1: if they had the choice. And then it dumps it 485 00:26:43,920 --> 00:26:48,560 Speaker 1: into an assortment of giveaways and uh flim flams and 486 00:26:48,720 --> 00:26:54,120 Speaker 1: scams and uh pork we call it. If it were 487 00:26:54,200 --> 00:26:57,960 Speaker 1: such a good investment, why do the Feds have to 488 00:26:58,119 --> 00:27:02,679 Speaker 1: force people to make it? That's a good question, isn't it? 489 00:27:04,240 --> 00:27:09,879 Speaker 1: And in America per SEC guidelines, we have laws about 490 00:27:09,960 --> 00:27:15,160 Speaker 1: raising investment funds. Seeking capital. Investment is a very heavy 491 00:27:15,560 --> 00:27:20,200 Speaker 1: regulated activity. The SEC requires promoters be very careful about 492 00:27:20,160 --> 00:27:22,760 Speaker 1: what they say and to close anything and everything that 493 00:27:22,840 --> 00:27:27,280 Speaker 1: might be relevant, particularly risk factors. Uh, we're gonna have 494 00:27:27,280 --> 00:27:28,560 Speaker 1: fun with us. I'm gonna dig into this a little 495 00:27:28,560 --> 00:27:29,840 Speaker 1: bit more, and then we're gonna talk about what, like 496 00:27:29,880 --> 00:27:31,959 Speaker 1: I said, Bill Gates involvement in this. You won't be 497 00:27:32,040 --> 00:27:33,879 Speaker 1: You're gonna be surprised. We'll talk about the fact checks 498 00:27:33,920 --> 00:27:36,160 Speaker 1: and what the IRUs is really coming after and hint, 499 00:27:36,280 --> 00:27:38,040 Speaker 1: it's you. I got a whole lot more to cover 500 00:27:38,080 --> 00:27:39,720 Speaker 1: when I come back. You're listening to the Markma Show. 501 00:27:39,720 --> 00:27:42,520 Speaker 1: We're talking about the decentralized Revolution. Today we're talking about 502 00:27:42,560 --> 00:27:46,320 Speaker 1: this false inflation production Act. I got more to go over, 503 00:27:46,640 --> 00:27:48,840 Speaker 1: So don't go away. I'll be right back. All right, 504 00:27:48,840 --> 00:27:50,840 Speaker 1: Welcome back. You're listening to the Markma Show. We're talking 505 00:27:50,880 --> 00:27:54,080 Speaker 1: about each and every week. The decentralized revolution, the way 506 00:27:54,080 --> 00:27:56,120 Speaker 1: the world is changing right before our very eyes, from 507 00:27:56,160 --> 00:27:59,439 Speaker 1: a centralized world to a decentralized world. We look at 508 00:27:59,440 --> 00:28:02,400 Speaker 1: it through the lens of politics, finance, and technology. Of course, 509 00:28:02,440 --> 00:28:05,280 Speaker 1: technology is the change the catahs that that brings change 510 00:28:05,280 --> 00:28:07,800 Speaker 1: in throughout history in and that that technology we have 511 00:28:07,880 --> 00:28:11,480 Speaker 1: today is this decentralized technology right when the world needs it. 512 00:28:11,480 --> 00:28:14,040 Speaker 1: And we're talking about bitcoin, of course, but today we're 513 00:28:14,040 --> 00:28:16,119 Speaker 1: looking at politics and finance together. We're talking about this 514 00:28:16,160 --> 00:28:20,480 Speaker 1: inflation reduction actor called the ire A for short, and um, 515 00:28:20,520 --> 00:28:24,720 Speaker 1: we got scammed. Mansion himself says it will not reduce inflation. 516 00:28:24,760 --> 00:28:27,720 Speaker 1: The CBO, the Congressional Budget Office, that it won't reduce inflation. 517 00:28:27,800 --> 00:28:30,520 Speaker 1: So they sold us something that this is this is 518 00:28:30,560 --> 00:28:32,679 Speaker 1: a scam. It's not going to reduce inflation as a 519 00:28:32,680 --> 00:28:35,639 Speaker 1: matter of fact. Um, as I told you, CNN and 520 00:28:35,840 --> 00:28:38,000 Speaker 1: uh New York Times called it an investment. It's actually 521 00:28:38,040 --> 00:28:40,320 Speaker 1: not uh, it's not doing that. It's actually most of 522 00:28:40,360 --> 00:28:43,840 Speaker 1: the money, um I haven't added up percent of the 523 00:28:43,840 --> 00:28:46,000 Speaker 1: money isn't going to reduce inflation as a matter of fact. 524 00:28:46,000 --> 00:28:50,880 Speaker 1: That it's an investment into energy and climate change. But 525 00:28:50,880 --> 00:28:52,280 Speaker 1: but we did. But we we thought it was for 526 00:28:52,320 --> 00:28:55,520 Speaker 1: reducing inflation. It's a scam all right. Now we're talking 527 00:28:55,520 --> 00:29:01,080 Speaker 1: about the making the case for the inflation at all. Now. Um, 528 00:29:01,200 --> 00:29:05,480 Speaker 1: Like I said, if if, if, if, if they were 529 00:29:05,560 --> 00:29:08,560 Speaker 1: literally trying to raise money in this way, people would 530 00:29:08,560 --> 00:29:11,960 Speaker 1: be going to jail over this, because you can't write 531 00:29:12,000 --> 00:29:17,280 Speaker 1: investments require lots of disclaimers. They require, um, not only 532 00:29:17,440 --> 00:29:20,320 Speaker 1: not only truth in the offering, but disclaimers in the 533 00:29:20,400 --> 00:29:24,720 Speaker 1: risks as well as proposed time frames of returns on 534 00:29:24,760 --> 00:29:28,840 Speaker 1: investments and things like that. Of course, this does none 535 00:29:28,840 --> 00:29:31,720 Speaker 1: of that. Now, as I said, there's some some interesting 536 00:29:31,760 --> 00:29:34,080 Speaker 1: pieces too, because the holdout that really killed the original bill, 537 00:29:34,080 --> 00:29:36,120 Speaker 1: which is the Bill Black Better Bill. Um. Then I 538 00:29:36,200 --> 00:29:40,360 Speaker 1: got revisited or revived here under the Inflation Reduction Act 539 00:29:40,480 --> 00:29:43,360 Speaker 1: the i RA UM, and we talked about how Senator 540 00:29:43,360 --> 00:29:46,520 Speaker 1: Mansion has been the holdout here. And what was interesting 541 00:29:46,560 --> 00:29:51,600 Speaker 1: I saw this week is that surprise, surprise, surprise, Bill 542 00:29:51,680 --> 00:29:57,680 Speaker 1: Gates pops his head up again. Bill Gates, the do 543 00:29:57,840 --> 00:30:00,840 Speaker 1: gooder that nobody wants his help. Look, we don't want 544 00:30:00,880 --> 00:30:03,320 Speaker 1: your help. Bill, stay home, help yourself, help your friends, 545 00:30:03,320 --> 00:30:04,960 Speaker 1: help your family, help people that want it. We don't 546 00:30:05,000 --> 00:30:07,600 Speaker 1: need you in every area of the life. Nobody made 547 00:30:07,640 --> 00:30:10,480 Speaker 1: you the king of the world. You don't need to 548 00:30:10,520 --> 00:30:12,560 Speaker 1: tell us what kind of fake meat we should eat 549 00:30:12,600 --> 00:30:14,760 Speaker 1: and what kind of substance we should inject into our body. 550 00:30:15,040 --> 00:30:17,360 Speaker 1: We don't need you to tell us what politicians we 551 00:30:17,400 --> 00:30:19,320 Speaker 1: have in office, or that we need to darken the sky, 552 00:30:19,680 --> 00:30:22,040 Speaker 1: and we don't need you to Ramrod to build through. 553 00:30:22,120 --> 00:30:24,000 Speaker 1: That's a false bill of goods and a scam that 554 00:30:24,040 --> 00:30:26,600 Speaker 1: was got pushed on the public. But don't let that 555 00:30:26,640 --> 00:30:29,400 Speaker 1: go by, because Bill Gates is gonna do it anyway. 556 00:30:29,640 --> 00:30:35,360 Speaker 1: It was Bill Gates who personally lobbied Mansion in a 557 00:30:35,560 --> 00:30:41,880 Speaker 1: stealth campaign for climate change. Say it again. Bill Gates 558 00:30:41,920 --> 00:30:45,440 Speaker 1: personally lobbied Mansion in a stealth campaign. Microsoft founder Bill 559 00:30:45,480 --> 00:30:49,680 Speaker 1: Gates personally lobbied Senator Joe Mansion for months in support 560 00:30:49,720 --> 00:30:54,560 Speaker 1: of the progressive climate and energy legislation that eventually passed. 561 00:30:55,120 --> 00:30:59,960 Speaker 1: Gates campaign, as well as maneuvering from environmental renewable energy lobbyists, 562 00:31:00,160 --> 00:31:03,920 Speaker 1: eventually helped the two senators reach a deal and passed 563 00:31:04,120 --> 00:31:07,960 Speaker 1: the Inflation Reduction Act. Wait a minute again, I'll go 564 00:31:08,000 --> 00:31:11,959 Speaker 1: back to it again. So Gates um let he lobbied 565 00:31:12,040 --> 00:31:16,840 Speaker 1: him on progressive climate inergy legislation. Um, and then he 566 00:31:16,880 --> 00:31:21,120 Speaker 1: had to get help from environmental and renewable energy lobbyists 567 00:31:21,560 --> 00:31:25,640 Speaker 1: to pass the inflation Reduction Act. You just can't make 568 00:31:25,680 --> 00:31:28,200 Speaker 1: this stuff up. Um. Gates wasn't the only one trying 569 00:31:28,200 --> 00:31:30,960 Speaker 1: to soften Mansion, and the campaign included a cohort of 570 00:31:31,120 --> 00:31:35,360 Speaker 1: lobbyists and activists who eventually convinced him that the climate 571 00:31:35,720 --> 00:31:40,320 Speaker 1: tax and healthcare bill that eventually passed would benefit the economy. 572 00:31:40,320 --> 00:31:43,400 Speaker 1: So the Climate and Tax and Healthcare bill that passed, Wait, 573 00:31:43,440 --> 00:31:46,680 Speaker 1: I thought it was an inflation reduction act. Dang it, 574 00:31:47,560 --> 00:31:50,920 Speaker 1: he lied to me again. To see how dirty this is. 575 00:31:52,240 --> 00:31:54,720 Speaker 1: So let's let's dig into the facts about this. So 576 00:31:54,840 --> 00:31:59,160 Speaker 1: per Heritage dot org, they fact checked Team Biden on 577 00:31:59,160 --> 00:32:03,040 Speaker 1: on this and specifically, how is it going to reduce inflation? Well, 578 00:32:03,320 --> 00:32:05,800 Speaker 1: they plan to take eighty billion dollars of that money 579 00:32:06,120 --> 00:32:10,440 Speaker 1: and hire eighty seven thousand new IRS agents who are 580 00:32:10,440 --> 00:32:13,080 Speaker 1: going to come after you. Now, Biden said, He said, 581 00:32:13,160 --> 00:32:15,240 Speaker 1: of his own words, that if you make over four 582 00:32:15,320 --> 00:32:18,040 Speaker 1: hundred make under four hundred thousand dollars, your taxes aren't 583 00:32:18,040 --> 00:32:20,280 Speaker 1: going up. If you make under four hundred thous dollars. 584 00:32:20,280 --> 00:32:22,080 Speaker 1: You're not our target. We want to go target those 585 00:32:22,120 --> 00:32:24,520 Speaker 1: rich people. You know, those those greedy rich people who 586 00:32:24,520 --> 00:32:27,600 Speaker 1: got rich by stealing from you. They're they're evil and 587 00:32:27,640 --> 00:32:29,320 Speaker 1: we need to go get their money. They got to 588 00:32:29,360 --> 00:32:33,160 Speaker 1: pay their fair share, right. Um, But that's not the case. 589 00:32:33,320 --> 00:32:35,800 Speaker 1: It says here the Biden administration has promised not to 590 00:32:35,960 --> 00:32:39,480 Speaker 1: raise taxes on anyone making under four hundred thousand dollars 591 00:32:39,520 --> 00:32:42,000 Speaker 1: a year. As a matter of fact, Treasury Secretary Janet 592 00:32:42,040 --> 00:32:45,800 Speaker 1: Yellen sent a letter Wednesday to IRIS Commissioner Charles Retig 593 00:32:45,960 --> 00:32:51,000 Speaker 1: that includes this statement, quote, I direct any additional resources, 594 00:32:51,000 --> 00:32:54,000 Speaker 1: including any new personnel or auditors that are hired, shall 595 00:32:54,200 --> 00:32:58,000 Speaker 1: not be used to increase the share of small businesses 596 00:32:58,080 --> 00:33:03,360 Speaker 1: or households below the four thousand dollar threshold that are audited. Okay, 597 00:33:03,480 --> 00:33:07,640 Speaker 1: So that's what she says, uh. And then um rating 598 00:33:07,840 --> 00:33:09,400 Speaker 1: from the I R S. He sent a letter to 599 00:33:09,480 --> 00:33:11,880 Speaker 1: U S senators declaring the same objective. He says, quote, 600 00:33:12,440 --> 00:33:16,840 Speaker 1: these resources are absolutely not about increasing audit scrutiny on 601 00:33:16,880 --> 00:33:23,160 Speaker 1: small businesses or middle income Americans. Okay. And they wanted 602 00:33:23,200 --> 00:33:25,520 Speaker 1: to put a provision in the bill that said we 603 00:33:25,640 --> 00:33:29,480 Speaker 1: will not audit or increase audits on people making less 604 00:33:29,480 --> 00:33:33,560 Speaker 1: than four thousand. But all the Democrats that sided on 605 00:33:33,600 --> 00:33:35,760 Speaker 1: this bill, they shot that down. Nope, we're not gonna 606 00:33:35,760 --> 00:33:37,280 Speaker 1: shoot that down. But wait a minute. You said you're 607 00:33:37,320 --> 00:33:39,640 Speaker 1: not gonna try to and go after the people making 608 00:33:39,760 --> 00:33:43,120 Speaker 1: less than four thousand. That came out of Biden's own mouth. Uh. 609 00:33:43,560 --> 00:33:45,480 Speaker 1: And and and even Janet Yelling in the head of 610 00:33:45,520 --> 00:33:49,440 Speaker 1: the IRS both said that they want that. Oh never mind, 611 00:33:50,120 --> 00:33:52,680 Speaker 1: it says, considering the share magnitude of eighty seven thousand 612 00:33:52,680 --> 00:33:56,760 Speaker 1: new IRIS agents and an estimated two hundred billion in 613 00:33:57,000 --> 00:34:00,480 Speaker 1: new revenues from enforcement, is it possible for all those 614 00:34:00,480 --> 00:34:04,240 Speaker 1: new audits and revenues to involve only taxpayers making over 615 00:34:04,280 --> 00:34:08,840 Speaker 1: four hundred thousand dollars. Well, let's do the math. We 616 00:34:08,920 --> 00:34:12,479 Speaker 1: have a fairytale land that Biden and his team running, 617 00:34:12,560 --> 00:34:14,319 Speaker 1: and then we have the real world, like you know, 618 00:34:14,600 --> 00:34:19,240 Speaker 1: math facts, right, constraints. So if we if we return 619 00:34:19,360 --> 00:34:22,640 Speaker 1: the two thousand ten audit rates for all individuals making 620 00:34:22,840 --> 00:34:27,720 Speaker 1: over four grand um, that would generate only twenty percent, 621 00:34:28,000 --> 00:34:32,120 Speaker 1: or nine billion, of the estimated thirty five billion in 622 00:34:32,200 --> 00:34:36,160 Speaker 1: new I I R S enforcement revenues. Okay, so that's 623 00:34:36,160 --> 00:34:41,600 Speaker 1: not enough. Even increasing recent audit rates thirty fold for 624 00:34:41,680 --> 00:34:46,080 Speaker 1: taxpayers making over four hundred thousand, including a one hundred 625 00:34:46,200 --> 00:34:49,640 Speaker 1: percent audit rate on taxpayers within comes over ten million, 626 00:34:50,120 --> 00:34:56,759 Speaker 1: still would come short of the goal. Okay, so if 627 00:34:56,800 --> 00:35:00,279 Speaker 1: we so, it looks like we can't get it. Um 628 00:35:00,480 --> 00:35:04,160 Speaker 1: Note this assumes a increase in the number of tax 629 00:35:04,320 --> 00:35:10,080 Speaker 1: filers making over four hundred thousand dollars betty based on 630 00:35:10,120 --> 00:35:14,560 Speaker 1: annual growth rates between So they're saying there's just no 631 00:35:14,640 --> 00:35:17,520 Speaker 1: way for it to happen auditing. What about this? Auditing 632 00:35:17,760 --> 00:35:23,560 Speaker 1: every single taxpayer with annual income over one million would 633 00:35:23,640 --> 00:35:27,480 Speaker 1: require only twenty five thousand new agents. So why are 634 00:35:27,480 --> 00:35:31,719 Speaker 1: they hiring eighty seven thousand new agents? You see, there's 635 00:35:31,760 --> 00:35:36,960 Speaker 1: like math here, something like math. It doesn't add up 636 00:35:37,160 --> 00:35:38,880 Speaker 1: the true intent of the i R s. According to 637 00:35:38,920 --> 00:35:43,040 Speaker 1: a two thoe report from the government's Accountability Office, quote 638 00:35:43,320 --> 00:35:45,759 Speaker 1: from fiscal years two thousand ten to two thousand twenty one, 639 00:35:45,920 --> 00:35:48,719 Speaker 1: the majority of the additional taxes i RS recommended from 640 00:35:48,760 --> 00:35:55,319 Speaker 1: audits came from taxpayers with incomes below two thousand. So 641 00:35:55,400 --> 00:35:58,680 Speaker 1: wait a minute, the majority of the money that we 642 00:35:58,760 --> 00:36:02,200 Speaker 1: picked up comes from the taxpayers below two That's who 643 00:36:02,239 --> 00:36:05,439 Speaker 1: we have to go oh after that recommendation is based 644 00:36:05,480 --> 00:36:09,440 Speaker 1: on audits of lower income tax returns producing more bang 645 00:36:09,560 --> 00:36:13,560 Speaker 1: for the buck end quote hm hmm. So wait, if 646 00:36:13,600 --> 00:36:15,440 Speaker 1: the money we get is from the low income people, 647 00:36:15,800 --> 00:36:18,560 Speaker 1: audits of the lowest income taxpayers UM give us the 648 00:36:19,120 --> 00:36:24,000 Speaker 1: highest additional tax per audit hour compared to all income groups. 649 00:36:24,480 --> 00:36:27,320 Speaker 1: Hired higher rates of return from auditing low income households 650 00:36:27,320 --> 00:36:30,399 Speaker 1: alongside the average large corporate tax files of nearly six 651 00:36:30,440 --> 00:36:33,359 Speaker 1: thousand pages. Says that our current tax code is far 652 00:36:33,400 --> 00:36:39,120 Speaker 1: too complex. That's the reality here, so hopefully that makes sense. One, 653 00:36:39,280 --> 00:36:41,640 Speaker 1: the inflation reduction actually is not going to reduce inflation. 654 00:36:41,640 --> 00:36:44,920 Speaker 1: Mansion said it himself. He said, why would it? Two 655 00:36:45,400 --> 00:36:47,719 Speaker 1: mainstream media stopped even saying that it was gonna do that, 656 00:36:47,719 --> 00:36:49,560 Speaker 1: and they said instead it was it was an investment 657 00:36:49,560 --> 00:36:53,799 Speaker 1: into climate and health, which nobody asked for. UM. As 658 00:36:53,800 --> 00:36:55,680 Speaker 1: a matter of fact, it's less than one percent of 659 00:36:55,680 --> 00:36:59,600 Speaker 1: people's concerns, So we were scammed on top of it. UM, 660 00:36:59,640 --> 00:37:02,480 Speaker 1: calling an investment is also a scam, and legally that 661 00:37:02,520 --> 00:37:05,040 Speaker 1: would wind up in jail if you're really had of 662 00:37:05,080 --> 00:37:07,239 Speaker 1: real investment, because you can't throw that type of words around. 663 00:37:07,520 --> 00:37:10,520 Speaker 1: We also see Bill Gates is behind this, lobbying it 664 00:37:10,880 --> 00:37:13,840 Speaker 1: and the fact checked shows that they are coming after 665 00:37:14,160 --> 00:37:16,880 Speaker 1: you if you make less than two thousand and unless 666 00:37:16,920 --> 00:37:18,360 Speaker 1: you make the more of a target you are because 667 00:37:18,360 --> 00:37:20,759 Speaker 1: you have more to get. Anyway, you're listening to the 668 00:37:20,760 --> 00:37:24,359 Speaker 1: Markmas Show. We're talking about the decentralized revolution, the way 669 00:37:24,400 --> 00:37:26,600 Speaker 1: the world is changing right before of our eyes, and 670 00:37:26,719 --> 00:37:28,760 Speaker 1: that's what I got here today. Thanks for listening.