WEBVTT - Inflation Reduction Act Is Weaponized Against You! 0:00:00.160 --> 0:00:03.880 Hello, and welcome to another episode of The Markmas Show, where, 0:00:03.880 --> 0:00:06.080 of course each end, every week we come and we 0:00:06.160 --> 0:00:09.280 talk about the decentralized revolution, the way the world is 0:00:09.400 --> 0:00:14.120 changing right now, right before our very eyes. We're living 0:00:14.160 --> 0:00:16.800 through a period that will be discussed in history books 0:00:17.000 --> 0:00:20.760 for millennia to come. UM. It is that groundbreaking um, 0:00:20.880 --> 0:00:23.159 much like we talk about the Protestant Reformation in the 0:00:23.160 --> 0:00:27.240 fift hundreds, or the American Revolution in the seventeen hundreds, UM, 0:00:27.360 --> 0:00:29.840 or the collapse of the Roman empirement. I mean, it's 0:00:29.920 --> 0:00:32.280 that big what we're witnessing as the world, as the 0:00:32.320 --> 0:00:35.559 pendulum swings from centralization to decentralization, and we look at 0:00:35.600 --> 0:00:39.600 through the lens of politics, finance, and technology, those three pieces. 0:00:39.600 --> 0:00:43.400 Of course, technology is the big disruptor that changes history 0:00:43.400 --> 0:00:46.279 as we go back and look through it. And at 0:00:46.280 --> 0:00:49.040 the time when we're going from a centralized world to 0:00:49.080 --> 0:00:52.760 a decentralized world, revolution and force. We have the technology 0:00:52.760 --> 0:00:57.000 that decentralized technology, that is bitcoin, that is changing the world. 0:00:57.440 --> 0:00:58.880 But of course we look at it through the lens 0:00:58.920 --> 0:01:02.600 of those three things, politics, finance, and technology. Those are 0:01:02.600 --> 0:01:05.520 the revolutions that are happening and changing right before our 0:01:05.560 --> 0:01:10.840 very eyes, right under our very feet. Um, it's happening 0:01:11.040 --> 0:01:13.880 faster than we can even keep tracking. I make content 0:01:13.920 --> 0:01:16.800 almost every single day, and I can't keep up with 0:01:16.880 --> 0:01:19.399 how fast things are going. And of course I try 0:01:19.440 --> 0:01:21.440 to bring to you some of the latest breaking news, 0:01:21.760 --> 0:01:23.760 some of some education to help you see the world 0:01:23.760 --> 0:01:26.800 a little bit different, and of course some very interesting guests. 0:01:26.800 --> 0:01:28.240 You don't have to listen to me, in my opinion, 0:01:28.280 --> 0:01:30.679 all the time. But today I want to talk about 0:01:30.720 --> 0:01:34.280 something that happened this week. Monumental, that's what it was called. 0:01:34.319 --> 0:01:38.240 It was called monumental. It may be the biggest thing 0:01:38.360 --> 0:01:41.880 that's ever happened. Apparently that's what well, that's what we're 0:01:41.959 --> 0:01:46.760 led to believe. It's politics, and it's finance, and of 0:01:46.800 --> 0:01:48.480 course it changed the world. And what I'm talking about 0:01:48.520 --> 0:01:51.880 today is this uh, brand new bill that was put 0:01:51.960 --> 0:01:55.400 forward um this week. It was signed. Everybody got together 0:01:55.440 --> 0:01:57.800 and clapped while the President looked like he didn't know 0:01:57.800 --> 0:02:01.440 where he was at. Um and Uh, this monumental bill 0:02:01.600 --> 0:02:07.560 that's called the Inflation Reduction Act. Now, it's monumentous, monumental, 0:02:08.040 --> 0:02:12.000 it's so big, it's it's a resurrected plan that's come 0:02:12.040 --> 0:02:15.360 back from the dead, and it was originally put forth 0:02:15.440 --> 0:02:19.760 in a plan called build back better. Uh, you've probably 0:02:19.760 --> 0:02:22.720 heard that term hundred or a thousand or even a 0:02:22.760 --> 0:02:26.120 million times. It's not just in America and President Biden 0:02:26.240 --> 0:02:28.440 using that term build back better. As a matter of fact, 0:02:28.440 --> 0:02:30.200 I'm sure you've probably seen. If you haven't, you can 0:02:30.240 --> 0:02:34.600 go find it the month. Is it a montage, I guess, 0:02:34.600 --> 0:02:37.519 like a collection of all the video clips of every 0:02:37.560 --> 0:02:41.760 single leader, every single like mainstream media newsperson using that 0:02:41.919 --> 0:02:44.519 same verbiage. So I don't I don't care if you're 0:02:44.960 --> 0:02:48.720 Angela Merkel in Germany or Justins Row in Canada, or 0:02:49.639 --> 0:02:53.080 klop Schwad from the Worldlet Forum or Joe Biden, everyone's 0:02:53.120 --> 0:02:56.000 using the same terminology called build back better, build back better, 0:02:56.040 --> 0:02:59.359 build back better, build back better. Well, think about that, 0:02:59.720 --> 0:03:04.160 what does that even mean? Build back? So building back 0:03:04.680 --> 0:03:07.959 would mean that we have to build back something that 0:03:08.080 --> 0:03:13.160 was previously there, something that maybe was destroyed or broken 0:03:13.240 --> 0:03:17.120 down or torn down, and so because it was there 0:03:17.440 --> 0:03:21.200 and it's no longer there because it was destroyed or whatever, 0:03:21.400 --> 0:03:23.160 and then we have to build it back, but this 0:03:23.200 --> 0:03:25.240 time we're gonna do it better. Apparently that's what they 0:03:25.280 --> 0:03:27.520 have is believe. So it's pretty interesting to think about 0:03:27.520 --> 0:03:29.960 it if you actually just break down, break that down. Now, 0:03:29.960 --> 0:03:32.200 why is the whole world, every single leader, every single 0:03:32.280 --> 0:03:36.160 mainstream leader calling using the same terminology build back better? 0:03:37.680 --> 0:03:40.800 And what is it that they're tearing down in order 0:03:40.800 --> 0:03:43.520 to build back? Well, of course that's the society is, 0:03:43.720 --> 0:03:45.360 that's the world as you know it. Of course, that's 0:03:45.400 --> 0:03:50.880 what it is, you know, the great reset. So apparently, um, 0:03:50.920 --> 0:03:53.080 you know this world that we live in, the life 0:03:53.080 --> 0:03:56.760 that we have, Um, the American dream that we've had, 0:03:56.800 --> 0:04:00.680 the American experiment has been called capitalism. That's brought more 0:04:00.720 --> 0:04:02.880 people out of poverty than the other thing in the 0:04:03.040 --> 0:04:07.160 history of the whole world. Apparently that's no good. Apparently 0:04:07.200 --> 0:04:09.440 it was never good because it was always built on 0:04:09.480 --> 0:04:15.839 a systemic racism, I guess or something like that. Apparently, So, um, 0:04:16.200 --> 0:04:19.040 never mind all the progress that we've had. Three years ago, 0:04:19.040 --> 0:04:20.359 we're all living in the dirt, and today we have 0:04:20.400 --> 0:04:22.040 medicine and we have science, and we have spaceships and 0:04:22.080 --> 0:04:25.279 we have satellites and we have all this amazing technology. Life. 0:04:25.400 --> 0:04:28.719 Life has never been better. Um, but it's no good. 0:04:28.880 --> 0:04:31.760 Let's just tear it all down. Let's reset it, great 0:04:31.800 --> 0:04:36.240 reset and then we'll build it back. Well, I'm not 0:04:36.320 --> 0:04:37.680 for that. As a matter of fact, I think things 0:04:37.680 --> 0:04:40.320 are pretty good. Obviously, I'm not happy with the direction 0:04:40.400 --> 0:04:43.320 things are going. There's plenty of bad things going on 0:04:43.360 --> 0:04:45.080 in the world, and I point to many of those things. 0:04:45.120 --> 0:04:47.159 Not because I'm a doing gloomer, but I'm hoping that 0:04:47.200 --> 0:04:50.120 we can wake up, wake up the sleeping lines, i'd 0:04:50.120 --> 0:04:51.960 like to say, and we can turn the tide before 0:04:51.960 --> 0:04:55.039 it's too late. Anyway, the build back Better plan that 0:04:55.080 --> 0:04:56.640 Biden put forward, I think it was like a one 0:04:56.680 --> 0:04:59.839 point seven If I'm not mistaken, I have it written 0:04:59.839 --> 0:05:01.520 down here in my notes. Somebody at one point seven 0:05:01.680 --> 0:05:06.080 five trillion dollar plan to build back better is what 0:05:06.120 --> 0:05:09.839 they called it. One point seven five trillion dollars that 0:05:09.880 --> 0:05:12.919 they wanted to spend. Now, the House passed it, but 0:05:12.960 --> 0:05:15.920 then it was shot down in the Senate. So half 0:05:16.000 --> 0:05:18.200 of the one part of that of the government put 0:05:18.200 --> 0:05:21.160 it through. UM. The House passed it and then it 0:05:21.320 --> 0:05:26.480 was declared dead. Now this was last November. UM November 0:05:27.440 --> 0:05:30.040 where the House passed it UM and it was one 0:05:30.040 --> 0:05:33.440 point seven trying one seven five trillion, which is an 0:05:33.440 --> 0:05:37.080 insane amount of money. To put that into perspective, in 0:05:37.160 --> 0:05:41.200 two thousand and eight, during the Great the Global financial Crash, 0:05:41.200 --> 0:05:44.400 when the entire world melted down, the entire financial system 0:05:44.440 --> 0:05:49.880 came crumbling down. It took seven hundred million tarp funds 0:05:49.920 --> 0:05:51.920 to bail it out, which at that time was insane. 0:05:51.920 --> 0:05:53.720 It was mind blow and I remember living through that 0:05:53.760 --> 0:05:58.640 and going, no, they can't spend that much money seven today, 0:05:58.680 --> 0:06:01.479 that's a walk in the park. They were trying to 0:06:01.480 --> 0:06:03.920 push through one point seven five on top of the 0:06:03.960 --> 0:06:06.839 other multiple trillion dollar package they had put forward. That 0:06:07.080 --> 0:06:09.000 led us to the point that right today, So anyway, 0:06:09.080 --> 0:06:12.560 build back Better got killed. UM, didn't pass, and so 0:06:12.760 --> 0:06:15.000 they resurrected it from the dead, and this time they've 0:06:15.040 --> 0:06:18.880 called it something better. UM. They call it the Inflation 0:06:19.120 --> 0:06:23.360 Reduction Act. Because everybody is affected by inflation. It's hurting 0:06:23.520 --> 0:06:27.440 all these families across hard working American families. It's hurting 0:06:27.440 --> 0:06:29.240 them and they can't afford the gas and they can't 0:06:29.240 --> 0:06:31.640 afford the food. This inflation, it's so bad. As a 0:06:31.680 --> 0:06:35.120 matter of fact, it's our number one concern, It's Biden's 0:06:35.200 --> 0:06:38.200 number one concerns, the Federal reserved number one concern. We 0:06:38.279 --> 0:06:41.880 have to crush inflation no matter what. So let's just 0:06:42.000 --> 0:06:45.640 name a bill the Inflation Reduction Act, and everybody's going 0:06:45.720 --> 0:06:48.200 to vote for it, right, I mean, what kind of 0:06:48.279 --> 0:06:51.560 what kind of monster would the politician be to vote 0:06:51.600 --> 0:06:55.920 against a bill called Inflation Reduction Act when inflation is 0:06:55.920 --> 0:06:59.200 the number one problem that everyone's concerned about. What kind 0:06:59.200 --> 0:07:01.359 of monster would against that? Billy? See how they do that? 0:07:01.880 --> 0:07:04.600 See how they play that? Now, nobody wanted to build 0:07:04.600 --> 0:07:06.880 back better because of what I said it, Well, that 0:07:06.920 --> 0:07:08.520 means that you're tearing down the system that we have. 0:07:08.640 --> 0:07:10.520 We don't want that. Nobody wants that. I mean maybe 0:07:10.520 --> 0:07:13.160 some people do, but most people don't. But when you 0:07:13.280 --> 0:07:15.680 name it something like Save the Puppies Act, I mean, 0:07:15.680 --> 0:07:18.160 who can vote for that? Vote against that? Nobody could? 0:07:18.320 --> 0:07:22.520 Who could vote against reducing inflation? Everybody wants to reduce inflation. 0:07:24.760 --> 0:07:28.400 The games they play and how easily we are tricked. Well, 0:07:28.520 --> 0:07:31.440 not you and not me, we see through it. But 0:07:31.560 --> 0:07:35.040 unfortunately most people are tricked and they don't see this coming. 0:07:35.120 --> 0:07:37.640 So big news this week, like I said, Biden signs 0:07:37.640 --> 0:07:41.840 the Inflation Reduction Act into law, and there's a lot 0:07:41.880 --> 0:07:44.080 of other things that went into law as part of that. 0:07:44.120 --> 0:07:45.520 I'm gonna break some of that down, and then I'm 0:07:45.520 --> 0:07:49.160 gonna break down what what this really means to you 0:07:49.240 --> 0:07:52.920 and I and what are the actual tactical things that 0:07:52.960 --> 0:07:57.080 are going to change in your life, Because I'm gonna 0:07:57.080 --> 0:08:01.600 tell you right now, they are coming for you, whoever 0:08:01.680 --> 0:08:03.920 you are, and I'm gonna break that down. I'm gonna 0:08:03.960 --> 0:08:05.600 break it down for you. I'm gonna break down what 0:08:05.680 --> 0:08:08.360 income category is gonna be affected most by this. So 0:08:08.360 --> 0:08:11.200 we got lots to cover, all right. So, like I 0:08:11.240 --> 0:08:13.600 said this week, there's a video of Biden sitting at 0:08:13.640 --> 0:08:17.160 a desk and you got Mansion and Schumer and uh, 0:08:17.200 --> 0:08:19.120 you know, all these people standing around him watching him 0:08:19.120 --> 0:08:22.480 sign and uh he picks up the pen and if 0:08:22.520 --> 0:08:25.160 this wasn't audio only, I'd love to show you the video. 0:08:25.600 --> 0:08:28.280 But he signs this thing and then everyone's like applauding, 0:08:29.080 --> 0:08:32.480 and he's like looking around like he's like, where am I. 0:08:33.400 --> 0:08:38.080 It's pretty it's pretty sad. It's kind of like elder abuse. 0:08:38.120 --> 0:08:44.920 In my opinion, I could almost I can almost understand. 0:08:45.720 --> 0:08:49.120 I can understand maybe at the time people still thought 0:08:49.160 --> 0:08:50.880 he was okay and they voted for him. I get that. 0:08:50.960 --> 0:08:55.880 I could understand that, but at the point we're at today, 0:08:55.920 --> 0:08:59.000 I mean, how do they think that anybody could stand 0:08:59.000 --> 0:09:01.160 behind that? Is just mind and anyway, you listen to 0:09:01.200 --> 0:09:03.720 the Markma Show. We're talking about the decentralized revolution. We're 0:09:03.720 --> 0:09:05.680 talking about the way the world is changing right before 0:09:05.679 --> 0:09:08.760 our very eyes through the lens of politics, finance, and technology. 0:09:08.760 --> 0:09:11.080 Today we're talking about both of those, politics and finance, 0:09:11.120 --> 0:09:13.160 the intersection of those, and we're talking about something that 0:09:13.240 --> 0:09:17.280 is monumental and it's going to change the world. This 0:09:17.400 --> 0:09:19.720 is one of the big catalysts that will move us 0:09:19.760 --> 0:09:23.439 forward into this decentralized revolution UM catapulting us. I want 0:09:23.440 --> 0:09:26.360 to break this down what it means for you, um specifically, 0:09:26.360 --> 0:09:28.120 what it means for you, what you need to be 0:09:28.200 --> 0:09:29.560 aware of. So I'll be back with that and more 0:09:29.559 --> 0:09:30.960 in a minute. Don't go away. You're listening to the 0:09:31.000 --> 0:09:34.280 Mark Moa Show. I'll be back. Don't go away, all right, 0:09:34.320 --> 0:09:36.240 welcome back. You are listening to the Mark Ma Show. 0:09:36.280 --> 0:09:38.560 We're talking about each and every week, of course, the 0:09:38.640 --> 0:09:42.040 decentralized revolution, the way the world is changing right before 0:09:42.040 --> 0:09:43.520 our very eyes as we look at it through the 0:09:43.559 --> 0:09:47.520 lens of politics, finance and technology. Of course, that technology 0:09:47.559 --> 0:09:50.720 we're talking about is bitcoin, which is a decentralized technology 0:09:51.040 --> 0:09:53.840 giving us exactly what we need at the time as 0:09:53.880 --> 0:09:56.760 the world is going from centralization to decentralization. We have 0:09:56.760 --> 0:09:59.640 a decentralized technology that's the catalyst for a lot of 0:09:59.640 --> 0:10:02.840 this aimes that we're seeing today. So it all funnels 0:10:02.880 --> 0:10:05.040 back or points back to that. But today we're talking 0:10:05.040 --> 0:10:08.880 about specifically, um, this new bill that got signed into 0:10:09.040 --> 0:10:14.599 law this week. Um. I believe that was on August seventeenth, 0:10:14.600 --> 0:10:18.040 the August six And this bill was originally titled the 0:10:18.080 --> 0:10:20.000 Build Back Better Bill, and of course nobody wanted that. 0:10:20.040 --> 0:10:22.360 They killed it, but they brought it back with a 0:10:22.400 --> 0:10:25.160 better name, Inflation Production Act, And who in their right 0:10:25.240 --> 0:10:27.480 mind could vote against that, And of course it got passed, 0:10:27.480 --> 0:10:29.640 now barely, it barely got passed. We'll talk about that 0:10:29.640 --> 0:10:34.000 in a second. Now, this bill, like I said, was 0:10:34.000 --> 0:10:38.000 originally at one point seven five trillion dollar bill, but 0:10:38.080 --> 0:10:41.720 now it's got marked down and it's much less. As 0:10:41.760 --> 0:10:44.560 a matter of fact, it's only a mere fraction of 0:10:44.600 --> 0:10:47.280 that today. But with this law, the American people won 0:10:48.120 --> 0:10:53.720 and the special special interests lost. Biden said, Really, the 0:10:53.800 --> 0:10:57.800 American people one and special interests loss. Who are those 0:10:57.840 --> 0:11:00.280 special interests that lost? I'd like to know that, and 0:11:00.280 --> 0:11:02.120 who are the American people that want I would like 0:11:02.160 --> 0:11:04.120 to also know that as well. I'm gonna break it 0:11:04.160 --> 0:11:06.200 down and you tell me which side you're on. I'd 0:11:06.240 --> 0:11:08.959 love to have you tell me that. If you follow 0:11:09.000 --> 0:11:10.839 me on social media, you can find me at one 0:11:10.920 --> 0:11:13.120 Mark moss that's just the number one, at number one, 0:11:13.160 --> 0:11:17.000 Mark moss Um. Let me know that you're listening to me, 0:11:17.520 --> 0:11:20.000 and which side do you follow on this? Did you 0:11:20.000 --> 0:11:22.360 win or did you lose? Did the American people win 0:11:22.480 --> 0:11:24.360 or did the special interests lose? All? Right? So the 0:11:24.400 --> 0:11:27.600 new law includes a three hundred and sixty nine billion 0:11:27.880 --> 0:11:31.920 dollar investment in climate and energy policies. Now I've talked 0:11:31.960 --> 0:11:33.240 about before. I don't have it in front of me, 0:11:33.840 --> 0:11:36.080 but when you know, all these surveys and polls are 0:11:36.080 --> 0:11:38.320 being done all the time, and on one of the 0:11:38.320 --> 0:11:41.040 biggest surveys and polls that was done recently, they asked Americans, 0:11:41.280 --> 0:11:45.240 what are the number one concerns that you have right now? 0:11:46.320 --> 0:11:52.760 Climate came in at less than one percent of people's concerns. Now, 0:11:52.800 --> 0:11:54.880 what they were concerned with is they can't afford gas 0:11:54.880 --> 0:11:57.920 for their car, stake for their plates. They were concerned 0:11:57.960 --> 0:12:01.040 about their future, they were concerned about you know, nuclear war, 0:12:01.120 --> 0:12:05.000 all these things. But climate was like less than one percent, 0:12:05.040 --> 0:12:06.920 which is of course why they didn't name this like 0:12:06.960 --> 0:12:09.480 the Climate Change Act. Nobody would have voted for that. 0:12:09.600 --> 0:12:11.800 They named the Inflation Production Act, which is the number 0:12:11.840 --> 0:12:16.240 one concern that people have. But none of this goes 0:12:16.280 --> 0:12:21.880 for that. It goes to investment in climate and energy policies. Wait, 0:12:22.320 --> 0:12:24.800 so you took the number one concern that we have 0:12:24.960 --> 0:12:26.840 in the surveys, but then you take all the money 0:12:26.880 --> 0:12:28.920 and you put it in do the less than one 0:12:28.960 --> 0:12:31.680 percent concerned that people have. That seems like a bait 0:12:31.760 --> 0:12:35.839 and switch to me, it actually sounds like a scam. Now. 0:12:35.880 --> 0:12:37.600 I don't like to use the word scam. It gets 0:12:37.640 --> 0:12:39.800 thrown around a lot today. Words start to lose their 0:12:39.800 --> 0:12:41.320 meanings when you don't use them in the right way. 0:12:41.559 --> 0:12:45.640 A scam is when I I've bought something, or I've 0:12:45.679 --> 0:12:48.720 agreed to something, and you give me something different than 0:12:48.760 --> 0:12:51.840 what I've agreed to. If I bought an apple from you, 0:12:51.920 --> 0:12:55.440 but instead you gave me a grape, you scammed me. Okay, 0:12:56.160 --> 0:13:01.079 when I bought into reducing inflation, which was my main concern. 0:13:01.320 --> 0:13:04.120 But what you gave me was climate and energy, which 0:13:04.160 --> 0:13:07.640 I could care nothing about. You scammed me. Okay, I'm 0:13:07.640 --> 0:13:08.920 just gonna call it straight up. That's what it is. 0:13:08.960 --> 0:13:13.640 You scammed me sixty four billion to extend a policy 0:13:14.120 --> 0:13:19.160 under the Affordable Care Act to reduce health insurance costs. 0:13:19.160 --> 0:13:22.200 That's another great one. Affordable Care Act, Isn't that great? 0:13:22.320 --> 0:13:26.360 Used to be called Obamacare Affordable Care Act. Since since 0:13:26.440 --> 0:13:31.120 the Affordable Care Act went into place, my health insurance 0:13:31.160 --> 0:13:34.840 costs went up, they became less affordable. To see how 0:13:34.840 --> 0:13:38.440 that works, It's always the opposite. I'd love to hear 0:13:38.480 --> 0:13:42.320 about your experience, but in my experience, for my very young, 0:13:42.600 --> 0:13:46.240 healthy family of four, we spend a lot of money 0:13:46.280 --> 0:13:50.080 and time and effort on our health. We eat real food, 0:13:50.120 --> 0:13:54.920 not processed garbage and sludge. We spend time exercising, We 0:13:54.960 --> 0:13:58.520 spend our time and effort listening to podcasts and experts 0:13:58.520 --> 0:14:00.640 to be even more healthy, and all these things that 0:14:00.679 --> 0:14:03.200 we can do. We're young, we're healthy. We spend money 0:14:03.240 --> 0:14:06.120 doing that, and my insurance for my family of four 0:14:06.240 --> 0:14:09.079 went from a few hundred dollars a month to over 0:14:09.280 --> 0:14:14.040 seventeen hundred dollars per month for my family at four 0:14:14.920 --> 0:14:19.720 that's after tax dollars. I'll have you. So the Affordable 0:14:19.720 --> 0:14:22.400 Care Act and SURE didn't make it more affordable for me, 0:14:22.520 --> 0:14:26.240 that's for sure. But anyway, UM, so apart sixty four 0:14:26.240 --> 0:14:29.320 billion to extend a policy under that to reduce health 0:14:29.360 --> 0:14:34.280 insurance costs, not reduce my health insurance costs. I'll pay more, 0:14:35.400 --> 0:14:37.760 so a few of you could pay less. That's how 0:14:37.800 --> 0:14:43.800 that works. UM. And a fifteen percent corporate minimum tax 0:14:44.160 --> 0:14:47.680 aimed at companies that earn more than one billion dollars 0:14:47.680 --> 0:14:50.040 a year. That's great, Hey, they should pay their fair share, right, 0:14:50.920 --> 0:14:53.360 nobody's going to vote against that. That sounds great. The 0:14:53.520 --> 0:14:57.680 four hundred and thirty seven billion dollars spending packages expected 0:14:57.680 --> 0:15:00.520 to raise seven hundred thirty seven billion in avenue over 0:15:00.520 --> 0:15:02.720 the next decade. So it went from a one point 0:15:02.760 --> 0:15:05.920 seven trillion dollar bill to a four hundred and thirty 0:15:05.920 --> 0:15:11.040 seven billion dollar package. So that's uh, you know for 0:15:11.040 --> 0:15:16.480 a UM Now, I love how I say the foot 0:15:16.560 --> 0:15:20.160 seven dollar, four and thirty seven billion dollar bill will 0:15:20.240 --> 0:15:24.280 raise seven hundred and thirty seven billion back. So it's 0:15:24.320 --> 0:15:27.240 an investment, right, It's an investment. We should put it 0:15:27.280 --> 0:15:29.240 as an investment memorandum. We're gonna talk about that in 0:15:29.280 --> 0:15:34.280 a minute. Um, the biggest share coming from reductions in 0:15:34.400 --> 0:15:38.920 drug prices for Medicare recipients and tax hikes on corporations, 0:15:38.960 --> 0:15:42.080 So that sounds good. Roughly a hundred and four billion 0:15:42.120 --> 0:15:45.920 is expected to come from increased I R S enforcement. 0:15:45.960 --> 0:15:48.480 We're gonna talk about that. So, Um, they're going to 0:15:48.720 --> 0:15:53.880 increase I R S enforcement on you. You spend six 0:15:53.920 --> 0:15:56.080 hundred bucks on Venmo up, we better shine a flashlight 0:15:56.160 --> 0:15:58.200 up your butt. We better see what happened with that money, 0:15:58.280 --> 0:16:00.560 because somehow you probably didn't pay tax, and so we 0:16:00.600 --> 0:16:02.240 need to get that money. So we're gonna spend a 0:16:02.280 --> 0:16:05.040 hund billion. Now of that h billion, of course, they 0:16:05.080 --> 0:16:07.880 want to hire eighty seven thousand agents, and to spend 0:16:07.880 --> 0:16:10.320 that um to hire those agents, they want to spend 0:16:10.360 --> 0:16:15.080 eighty billion. So they believe that if they take eighty 0:16:15.120 --> 0:16:16.880 billion of this package and give to the I R S, 0:16:16.960 --> 0:16:21.200 they'll bring back a billion. Probably not. We're gonna talk 0:16:21.200 --> 0:16:23.480 about that in a minute. Let's dig into this a 0:16:23.480 --> 0:16:26.680 little bit here. First of all, I'll have you know 0:16:26.880 --> 0:16:31.280 that the bill narrowly passed the U. S. Senate. Remember 0:16:31.280 --> 0:16:33.440 the old one died, Build back better died. So they 0:16:33.440 --> 0:16:35.560 brought it back and it narrowly passed. It was a 0:16:35.640 --> 0:16:40.360 fifte vote, it won by one vote, and of course 0:16:40.400 --> 0:16:44.040 the tie breaker was Vice President Kamala of course um, 0:16:44.160 --> 0:16:46.640 and gave him the win. One thing that I would 0:16:46.640 --> 0:16:49.000 think about now, of course, the United States is a republic. 0:16:49.280 --> 0:16:51.920 I'm not a democracy. But in a democracy, it should 0:16:51.960 --> 0:16:56.040 be what the people want. Now, if if you have 0:16:56.160 --> 0:16:59.400 to ram rod this through and you can just barely 0:16:59.560 --> 0:17:04.320 get somebody on your own side to cast the tie breaker, 0:17:05.240 --> 0:17:09.040 is that really what the American people want? Is it really? 0:17:11.720 --> 0:17:13.320 I would think they have to win by a bigger 0:17:13.320 --> 0:17:15.840 margin that doesn't seem right, does it? But let's be clear. 0:17:15.880 --> 0:17:20.679 It says quote in this historic moment, Democrats sided with 0:17:20.800 --> 0:17:26.000 the American people. That's what they said. That's what Biden said. Um, 0:17:26.119 --> 0:17:27.840 did they side with the American people? Is this what 0:17:27.880 --> 0:17:29.480 American people want? Let's kind of dig into this a 0:17:29.520 --> 0:17:32.679 little bit for a second. Now, First of all, they 0:17:32.720 --> 0:17:36.280 call this an investment. Is that true? Um? I want 0:17:36.280 --> 0:17:37.560 to look at the investment, and then I want to 0:17:37.560 --> 0:17:40.879 look at the mansion and what it Finally, what he 0:17:41.080 --> 0:17:44.560 said behind a closed doors after this is over, and 0:17:44.560 --> 0:17:46.440 you're not going to believe what he said. He said 0:17:46.600 --> 0:17:49.720 basically that what we said it's named isn't actually what's 0:17:49.720 --> 0:17:51.480 gonna happen. He said that I'm gonna talk about that. 0:17:51.520 --> 0:17:53.600 We're gonna talk about Bill Gates, where does Bill Gates 0:17:53.600 --> 0:17:55.920 fit into all this? And then we're gonna fact check 0:17:55.960 --> 0:17:57.760 some of this. All right, and I'm gonna tell you 0:17:57.800 --> 0:17:59.919 what's coming for you. I gotta lot to cover when 0:17:59.920 --> 0:18:01.400 I come back. You're listening to the Mark mo Show. 0:18:01.400 --> 0:18:03.760 Of course, we're talking about the decentralized revolution, the way 0:18:03.800 --> 0:18:07.040 the world is changing, um through the lens of politics, finance, 0:18:07.080 --> 0:18:09.840 and technology, and of course the technology being bitcoined. I'm 0:18:09.880 --> 0:18:11.760 gonna come back. I'm with a whole lot more on 0:18:11.760 --> 0:18:13.960 this in a minute. Do not go away. I'll be 0:18:14.080 --> 0:18:16.719 right back. All right, Welcome back. You are listening to 0:18:16.760 --> 0:18:19.120 the Mark Ma Show, and we're talking about, of course, 0:18:19.119 --> 0:18:22.000 each and every week, the decentralized revolution, meaning the way 0:18:22.040 --> 0:18:25.480 the world is changing as the pendulum shifts from centralization 0:18:25.480 --> 0:18:28.120 to decentralization, and we look at it through the lens 0:18:28.119 --> 0:18:31.520 of politics, finance, and technology, and of course today we're 0:18:31.520 --> 0:18:34.600 talking about the intersection of two of those, politics and finance. 0:18:34.800 --> 0:18:38.040 And we're talking about this new bill, this monumental bill 0:18:38.119 --> 0:18:42.080 that got signed, the Inflation Reduction Act, that will do 0:18:42.400 --> 0:18:46.680 none of that. It won't reduce inflation at all. And 0:18:47.119 --> 0:18:49.120 don't just take my word for it. As a matter 0:18:49.119 --> 0:18:51.960 of fact, the holdout that killed the original bill to 0:18:51.960 --> 0:18:55.280 build back better bill we're talking about Mansion. He finally 0:18:55.320 --> 0:19:00.479 admits inflation bill will not help Americans with low prices? 0:19:02.000 --> 0:19:05.560 Why would it? Why would it? Senator Joe Mansion, Democrat 0:19:05.600 --> 0:19:09.000 from West Virginia, admitted Tuesday the so called Inflation Reduction 0:19:09.040 --> 0:19:13.639 Act will not have an immediate impact on inflation. He 0:19:13.640 --> 0:19:19.439 admits it. News correspondent Hillary Vaughan asked Mansion on Tuesday 0:19:19.440 --> 0:19:22.920 whether Democrats misled Americans by claiming the bill woard reduce 0:19:23.000 --> 0:19:27.960 inflation and thus lower the price of everyday goods. Mansion said, quote, 0:19:28.400 --> 0:19:34.399 why would it? Oh, you can't make this stuff up. 0:19:34.760 --> 0:19:41.480 His response was, quote, why would it? Well, because it's 0:19:41.480 --> 0:19:45.520 in the name, because it's literally named the Inflation Reduction Act. 0:19:47.359 --> 0:19:50.400 Oh my gosh, you can't make this stuff up. Um, 0:19:50.480 --> 0:19:53.400 he said, well, immediately, it's not. We've never said that 0:19:53.440 --> 0:19:55.600 We've never said anything would happen immediately. It's not going 0:19:55.680 --> 0:20:00.159 to turn a switch on and off. He went to 0:20:00.200 --> 0:20:02.439 say that that the proper way to respond to an 0:20:02.440 --> 0:20:06.399 inflation crisis is not by raising interest rates. Okay, so 0:20:06.440 --> 0:20:09.119 we have this inflation crisis. Everybody's attacking it, and the 0:20:09.160 --> 0:20:12.000 president's attacking it, the putin and price Supposedly, we have 0:20:12.080 --> 0:20:14.320 the Federal Reserve attacking it. The federalserves attacking it by 0:20:14.359 --> 0:20:18.399 doing what raising interest rates. They're raising interest rates to 0:20:18.680 --> 0:20:23.280 crush demand. If they can crash your retirement account, if 0:20:23.280 --> 0:20:26.240 they can crash your home's value, if they can make 0:20:26.280 --> 0:20:30.119 you feel broke, then you don't go on vacation, you 0:20:30.119 --> 0:20:32.280 don't go after dinner, you don't buy new cars. They 0:20:32.440 --> 0:20:36.520 crush the demand, that's what they're doing. So he says, 0:20:36.560 --> 0:20:38.760 the proper way to respond to inflation crosses is not 0:20:39.280 --> 0:20:45.439 by raising interest rates. It's not by crushing demand. We like. So, 0:20:45.440 --> 0:20:48.000 so the problem is people can't afford these things. So 0:20:48.080 --> 0:20:50.040 the way we're gonna fix it is by taking away 0:20:50.080 --> 0:20:52.840 all their money so they don't go buy them. That 0:20:52.840 --> 0:20:54.720 doesn't make any sense. Well, it doesn't make sense to 0:20:54.760 --> 0:20:56.840 you and I, because we're rational and we think like 0:20:56.920 --> 0:21:00.000 normal people. But when you know you're when the whole 0:21:00.520 --> 0:21:02.439 when all you have the hammer, the whole word looks gonnail. 0:21:02.880 --> 0:21:06.080 And when you're essential banker and all you have is uh, 0:21:06.200 --> 0:21:08.080 interest rates, I guess the whole world looks like you 0:21:08.119 --> 0:21:12.120 need to raise interest rates. He says that you He says, 0:21:12.160 --> 0:21:15.760 it's not by raising rates. You've got to produce yourself 0:21:15.920 --> 0:21:19.840 out of this. Ah wow, mansion. He gets it, he 0:21:19.920 --> 0:21:22.280 gets it. You don't. You don't get your way out 0:21:22.280 --> 0:21:25.919 of inflation by taking away everybody's wealth. You do it 0:21:26.000 --> 0:21:29.560 by producing yourself out of this. So they're supply and demand. 0:21:29.960 --> 0:21:33.639 If the price of gas or steak is too high, 0:21:33.680 --> 0:21:37.320 there's two ways to get that price adjusted supply and demand. 0:21:37.640 --> 0:21:40.040 You can either one crushed demand, which is what the 0:21:40.040 --> 0:21:43.400 Feds doing, make everybody poor. Or two you could increase 0:21:43.480 --> 0:21:46.760