1 00:00:00,840 --> 00:00:03,480 Speaker 1: Hello, and welcome to another episode of The Mark Mass Show, 2 00:00:03,480 --> 00:00:06,600 Speaker 1: where we're talking about the decentralized revolution. Each and every week, 3 00:00:06,600 --> 00:00:11,360 Speaker 1: the way the world changes from centralization to decentralization, and 4 00:00:11,400 --> 00:00:13,640 Speaker 1: we talk about that because if you don't understand the 5 00:00:13,680 --> 00:00:15,920 Speaker 1: way the world is working, then you don't understand how 6 00:00:15,960 --> 00:00:18,600 Speaker 1: to stay one step ahead. Now, while most people are 7 00:00:18,640 --> 00:00:21,680 Speaker 1: wondering what the heck just happened as they watch their 8 00:00:21,720 --> 00:00:24,160 Speaker 1: wealth and their freedom and their. 9 00:00:24,040 --> 00:00:26,360 Speaker 2: Way of life change and disappear. 10 00:00:26,520 --> 00:00:31,040 Speaker 1: Others can prepare and can benefit from what's going on. 11 00:00:31,280 --> 00:00:32,880 Speaker 2: And that's exactly what I want for you. That's exactly 12 00:00:32,920 --> 00:00:33,320 Speaker 2: what I'm doing. 13 00:00:33,360 --> 00:00:35,200 Speaker 1: As a matter of fact, it's why I have been 14 00:00:35,600 --> 00:00:38,600 Speaker 1: so focused on this for the last about twelve years now. 15 00:00:38,800 --> 00:00:40,839 Speaker 1: And it really started as more of a selfish I'm 16 00:00:40,840 --> 00:00:43,080 Speaker 1: just gonna be honest with you, from a selfish perspective, 17 00:00:43,680 --> 00:00:46,519 Speaker 1: trying to watch out for me, myself and my family. 18 00:00:47,680 --> 00:00:49,040 Speaker 1: But then I figured, hey, I might as well talk 19 00:00:49,080 --> 00:00:50,239 Speaker 1: about it and share with the rest of the world 20 00:00:50,320 --> 00:00:53,280 Speaker 1: so every people can get prepared as well. Now, like 21 00:00:53,320 --> 00:00:55,800 Speaker 1: I said, we look at this world changing, and we 22 00:00:55,840 --> 00:00:58,000 Speaker 1: try to look at it through the lens of politics, finance, 23 00:00:58,040 --> 00:01:00,080 Speaker 1: and technology and I like to look at some the 24 00:01:00,160 --> 00:01:02,280 Speaker 1: latest breaking news headlines so you can start to see 25 00:01:02,360 --> 00:01:03,520 Speaker 1: how the world is changing. 26 00:01:03,520 --> 00:01:04,839 Speaker 2: So I want to run through some of those. 27 00:01:05,040 --> 00:01:07,200 Speaker 1: We're going to look at what is going on from 28 00:01:07,200 --> 00:01:11,399 Speaker 1: a global standpoint, specifically with NATO and how that relates 29 00:01:11,400 --> 00:01:15,160 Speaker 1: to Europe, but not just Europe, how it even relates 30 00:01:15,160 --> 00:01:19,039 Speaker 1: to China, what's going on over in Taiwan, and so 31 00:01:19,160 --> 00:01:22,319 Speaker 1: much more, Sweeten, etc. We're going to run through the 32 00:01:22,400 --> 00:01:25,760 Speaker 1: latest breaking news headlines in bitcoin and crypto. There's a 33 00:01:25,840 --> 00:01:28,039 Speaker 1: lot going on there. What's going on with the new 34 00:01:28,160 --> 00:01:31,720 Speaker 1: government central bank digital currency that just came out. We're 35 00:01:31,760 --> 00:01:34,400 Speaker 1: going to look at some lawsuits that are happening in 36 00:01:34,440 --> 00:01:37,080 Speaker 1: the tech space that have some big implications of what's 37 00:01:37,120 --> 00:01:37,880 Speaker 1: going on moving forward. 38 00:01:37,920 --> 00:01:39,920 Speaker 2: Of course, we're going to look at what's. 39 00:01:39,720 --> 00:01:45,360 Speaker 1: Going on in the economy, specifically around job numbers with inflation. 40 00:01:46,160 --> 00:01:48,800 Speaker 2: And then we're gonna look at some big. 41 00:01:48,560 --> 00:01:52,400 Speaker 1: News that show how the world has changed in the 42 00:01:52,480 --> 00:01:57,920 Speaker 1: United States ptifically around businesses, corporations, FTC, regulations and what 43 00:01:57,960 --> 00:02:00,840 Speaker 1: I like to call the administrative So we got a. 44 00:02:00,760 --> 00:02:01,240 Speaker 2: Lot to cover. 45 00:02:01,440 --> 00:02:03,280 Speaker 1: Well, let's just you know, and it's important to look 46 00:02:03,320 --> 00:02:05,160 Speaker 1: at these detailed headlines and. 47 00:02:05,120 --> 00:02:05,760 Speaker 2: The big one. 48 00:02:05,840 --> 00:02:08,040 Speaker 1: I like to start at the top because it's what 49 00:02:08,160 --> 00:02:11,080 Speaker 1: influences everything else, and it's really what's going on in 50 00:02:11,120 --> 00:02:15,600 Speaker 1: the world with the war. You know, however you want 51 00:02:15,600 --> 00:02:16,799 Speaker 1: to look at it. You know, I know there's a 52 00:02:16,800 --> 00:02:20,360 Speaker 1: bunch of different viewpoints on this, but it really comes 53 00:02:20,400 --> 00:02:23,080 Speaker 1: down to NATO, right. This is where it really seems 54 00:02:23,120 --> 00:02:26,960 Speaker 1: to be hinging on because you know, obviously there's the 55 00:02:27,080 --> 00:02:30,119 Speaker 1: Russia Ukraine thing. The United States is the NATO's in 56 00:02:30,520 --> 00:02:34,280 Speaker 1: with Ukraine, but really it comes down to Russia not 57 00:02:34,600 --> 00:02:39,400 Speaker 1: wanting Ukraine to be part of NATO. And it makes 58 00:02:39,440 --> 00:02:43,839 Speaker 1: sense because we wouldn't want Russia or China to put 59 00:02:43,880 --> 00:02:47,760 Speaker 1: a bunch of nuclear weapons along our Mexico or Canadian border. 60 00:02:47,880 --> 00:02:48,720 Speaker 2: We wouldn't want that. 61 00:02:49,200 --> 00:02:51,399 Speaker 1: As a matter of fact, we already had a war 62 00:02:51,720 --> 00:02:53,560 Speaker 1: where Russia tried to do that in Cuba and we 63 00:02:53,600 --> 00:02:55,480 Speaker 1: didn't want that in Cuba. And now we have China 64 00:02:55,520 --> 00:02:57,079 Speaker 1: now trying to move into Cuba and we don't want 65 00:02:57,080 --> 00:02:59,480 Speaker 1: that either. And Cuba is not even on our border, 66 00:02:59,480 --> 00:03:02,760 Speaker 1: although it's very nearby. But the reason why it's important 67 00:03:02,760 --> 00:03:05,080 Speaker 1: to understand that is because as all of this is 68 00:03:05,080 --> 00:03:07,800 Speaker 1: going on, it puts a lot of stress onto those relationships. 69 00:03:08,360 --> 00:03:10,960 Speaker 1: And specifically this week we saw NATO have a summit. 70 00:03:11,320 --> 00:03:15,840 Speaker 1: They met in Lithuania, and Sweden was asking to join NATO. 71 00:03:15,919 --> 00:03:19,160 Speaker 1: They wanted to become part of that, but Turkey is 72 00:03:19,200 --> 00:03:21,480 Speaker 1: strongly opposed in Sweden joining NATO. 73 00:03:22,280 --> 00:03:23,160 Speaker 2: These things get. 74 00:03:23,000 --> 00:03:25,920 Speaker 1: Pretty messy, so I try to keep them somewhat simple. 75 00:03:26,040 --> 00:03:29,880 Speaker 1: But in Sweden people are opposed to kind of the 76 00:03:30,600 --> 00:03:33,400 Speaker 1: Muslim movement that's been happening inside Sweden. There was some 77 00:03:33,520 --> 00:03:36,560 Speaker 1: Kuran Qurans that were being burned there and so Turkey 78 00:03:36,560 --> 00:03:38,680 Speaker 1: took offense to that and oppose that. 79 00:03:38,920 --> 00:03:40,880 Speaker 2: Which is that mean? 80 00:03:40,880 --> 00:03:46,240 Speaker 1: It's understandable, It's understandable. You know, a lot of this 81 00:03:46,280 --> 00:03:50,720 Speaker 1: has to do with cultures that just don't align properly 82 00:03:51,960 --> 00:03:54,280 Speaker 1: and trying to force square pegs. 83 00:03:53,920 --> 00:03:55,440 Speaker 2: Into round holes, so to speak. 84 00:03:55,520 --> 00:04:01,360 Speaker 1: Right, you have like George Soros is nonprofit called Open Societies, 85 00:04:01,760 --> 00:04:04,320 Speaker 1: and he really wants all these different people to move 86 00:04:04,400 --> 00:04:06,120 Speaker 1: all in together. But the problem is that they just 87 00:04:06,160 --> 00:04:10,480 Speaker 1: don't all get along. And while I believe that, you know, 88 00:04:10,600 --> 00:04:13,000 Speaker 1: I believe Jesus told us that the number one commandment 89 00:04:13,080 --> 00:04:16,160 Speaker 1: is to love God and love other people more than yourself. 90 00:04:16,200 --> 00:04:19,760 Speaker 1: So I believe in loving everybody. It doesn't mean that 91 00:04:19,760 --> 00:04:21,839 Speaker 1: we have to hang out with everybody all the time. 92 00:04:22,000 --> 00:04:26,080 Speaker 1: We should treat everybody with love and respect, everybody from 93 00:04:26,160 --> 00:04:29,960 Speaker 1: the homeless drug addict to the maniac that you don't 94 00:04:29,960 --> 00:04:31,880 Speaker 1: agree with whatever. We should treat everybody with love and respect. 95 00:04:31,880 --> 00:04:33,640 Speaker 1: But it doesn't mean we have to hang out with everybody. 96 00:04:33,760 --> 00:04:35,200 Speaker 1: Sometimes you just want to hang out with people that 97 00:04:35,240 --> 00:04:37,000 Speaker 1: are just sort of like you, with the same interests 98 00:04:37,040 --> 00:04:40,000 Speaker 1: as you, same you know, desire, same values, things like that, 99 00:04:40,080 --> 00:04:42,400 Speaker 1: And I think that's okay in my opinion. 100 00:04:42,440 --> 00:04:43,360 Speaker 2: The shouldn't benthing wrong with that. 101 00:04:43,400 --> 00:04:45,840 Speaker 1: But the problem is when you have this, you know, 102 00:04:45,920 --> 00:04:52,000 Speaker 1: these these forced policies pushing mass migration, and you bring 103 00:04:52,080 --> 00:04:55,440 Speaker 1: cultures that are opposite of each other and try to 104 00:04:55,520 --> 00:04:59,479 Speaker 1: force them together, and then it causes clashes. And that's 105 00:04:59,480 --> 00:05:01,640 Speaker 1: sort of like what we've been seeing happening in Sweden, 106 00:05:01,680 --> 00:05:04,160 Speaker 1: I think is and and I'm not saying it's right 107 00:05:04,240 --> 00:05:07,520 Speaker 1: by any means, but it's important to understand that because 108 00:05:07,839 --> 00:05:10,080 Speaker 1: if you understand that, then you also understand what's happening 109 00:05:10,080 --> 00:05:12,560 Speaker 1: in the United States right now. You know, we've had 110 00:05:12,600 --> 00:05:16,640 Speaker 1: millions of people come across the southern border with the 111 00:05:16,640 --> 00:05:19,599 Speaker 1: same thing happening in the United States that happened in Europe, 112 00:05:20,080 --> 00:05:22,600 Speaker 1: right You had all that destabilization in Syria in the 113 00:05:22,640 --> 00:05:25,880 Speaker 1: Middle East that pushed millions of migrants up into Germany. 114 00:05:25,920 --> 00:05:28,279 Speaker 1: France and Sweden have now caused a lot of problems. 115 00:05:28,360 --> 00:05:30,640 Speaker 1: We look at what's happening in France right now. In 116 00:05:31,000 --> 00:05:33,760 Speaker 1: France they've been having the riots. French President Emmanuel Macron 117 00:05:33,920 --> 00:05:38,760 Speaker 1: announced I think forty five thousand, you know, additional troops 118 00:05:38,760 --> 00:05:41,159 Speaker 1: to go in there and try to try to slow 119 00:05:41,240 --> 00:05:41,839 Speaker 1: things down. 120 00:05:42,160 --> 00:05:44,479 Speaker 2: You know, we have the situations in Sweden and that's 121 00:05:44,480 --> 00:05:46,080 Speaker 2: sort of like what we're probably. 122 00:05:45,800 --> 00:05:47,359 Speaker 1: Going to see at some point in the United States. 123 00:05:47,480 --> 00:05:50,600 Speaker 1: I pray that we don't, but unfortunately that's where things 124 00:05:50,640 --> 00:05:53,560 Speaker 1: are going. But back to the NATO thing, you know, 125 00:05:54,600 --> 00:05:59,960 Speaker 1: it's really taking a turn because now not only are 126 00:06:00,160 --> 00:06:02,159 Speaker 1: we seeing countries not want to be part of NATO 127 00:06:02,360 --> 00:06:05,520 Speaker 1: and be the you know then it's this alliance over there, 128 00:06:07,000 --> 00:06:10,080 Speaker 1: but we have Russia saying, hey, if these nations do 129 00:06:10,240 --> 00:06:12,520 Speaker 1: join NATO like then we really have to step up 130 00:06:12,560 --> 00:06:15,839 Speaker 1: what we're doing. And the Russian Foreign Ministry said that 131 00:06:15,920 --> 00:06:20,080 Speaker 1: NATO wants to return to these Cold War schemes. Then 132 00:06:20,160 --> 00:06:24,480 Speaker 1: Moscow will quote respond in a timely and appropriate manner. 133 00:06:25,360 --> 00:06:28,920 Speaker 1: The Krimlin spokesperson, Dmitri Peskov, said that it was potentially 134 00:06:29,120 --> 00:06:33,760 Speaker 1: very dangerous for the West to give Ukraine security guarantees. 135 00:06:34,640 --> 00:06:37,040 Speaker 1: The Russian Foreign Ministry said that the summit showed that 136 00:06:37,240 --> 00:06:40,000 Speaker 1: NATO was reverting to cold war schemes cold war schemes 137 00:06:40,000 --> 00:06:41,760 Speaker 1: and added that it would respond in a timely and 138 00:06:41,839 --> 00:06:44,800 Speaker 1: appropriate manner using all means and. 139 00:06:44,839 --> 00:06:46,479 Speaker 2: Methods at our disposal. 140 00:06:46,800 --> 00:06:51,000 Speaker 1: So they're escalating this to points that just don't need 141 00:06:51,040 --> 00:06:52,560 Speaker 1: to be raised. I mean, the United States is now 142 00:06:52,640 --> 00:06:54,919 Speaker 1: offering to send like cluster bombs over to Ukraine to 143 00:06:54,920 --> 00:06:59,720 Speaker 1: continue to escalate the situation. This is a losing proposition 144 00:06:59,800 --> 00:07:05,000 Speaker 1: for everybody on the planet Earth. This is potentially going 145 00:07:05,040 --> 00:07:10,400 Speaker 1: to a nuclear war level, which is devastating, not just 146 00:07:10,480 --> 00:07:13,360 Speaker 1: for the people that is inflicted on it's. 147 00:07:13,200 --> 00:07:14,559 Speaker 2: Devastating for everybody on Earth. 148 00:07:14,600 --> 00:07:19,840 Speaker 1: It's devastating for the land and Earth itself. There's nobody 149 00:07:19,880 --> 00:07:24,040 Speaker 1: that wins from this except for the industrial military complex. 150 00:07:24,400 --> 00:07:27,480 Speaker 1: The only one that's winning from this is the people 151 00:07:27,520 --> 00:07:28,400 Speaker 1: selling the weapons. 152 00:07:28,760 --> 00:07:29,040 Speaker 2: That's it. 153 00:07:30,760 --> 00:07:35,240 Speaker 1: Who else is benefiting from this war? You can't say 154 00:07:35,280 --> 00:07:38,280 Speaker 1: that we're going in there and saving you know, people 155 00:07:38,320 --> 00:07:42,880 Speaker 1: living in some harsh authoritarian dictator regime because we're not. 156 00:07:43,320 --> 00:07:48,920 Speaker 1: That's the situation they're living in. Now we're I mean, 157 00:07:49,240 --> 00:07:53,040 Speaker 1: I guess the argument is that somehow maybe Putin is 158 00:07:53,080 --> 00:07:56,559 Speaker 1: worse than Zelenski. But the bigger problem is that now 159 00:07:56,640 --> 00:07:58,600 Speaker 1: over in China they see the same thing. And now 160 00:07:58,720 --> 00:08:01,080 Speaker 1: China is looking at NATO, and NATO said that the 161 00:08:01,120 --> 00:08:04,720 Speaker 1: People's Republic of China is challenging its interest and security 162 00:08:04,800 --> 00:08:09,520 Speaker 1: values with its quote ambitious and coercive policies, and now 163 00:08:09,600 --> 00:08:12,320 Speaker 1: this has starting to escalate how China is looking at 164 00:08:12,320 --> 00:08:15,960 Speaker 1: the United States and NATO in specifically in regards to Taiwan. 165 00:08:17,160 --> 00:08:20,600 Speaker 1: They said that the Chinese Mission said that China opposes 166 00:08:20,720 --> 00:08:25,160 Speaker 1: NATO's quote eastward movement into the Asia Pacific region and 167 00:08:25,200 --> 00:08:27,760 Speaker 1: warned that any action threatening Beijing's rights would be met 168 00:08:27,760 --> 00:08:33,520 Speaker 1: with a resolute response as well. So now they're saying, hey, NATO, 169 00:08:33,640 --> 00:08:35,679 Speaker 1: like you're overstepping your bounds and if you even think 170 00:08:35,679 --> 00:08:37,600 Speaker 1: about coming over here, then we're going to. 171 00:08:37,600 --> 00:08:38,400 Speaker 2: Have to respond. 172 00:08:39,080 --> 00:08:41,640 Speaker 1: And so all of this is escalating to a point that, 173 00:08:42,480 --> 00:08:45,040 Speaker 1: like I said, this doesn't benefit anybody. I was listening 174 00:08:45,080 --> 00:08:47,360 Speaker 1: to Tulsi Gabbard speak at this Freedom Fest where I'm 175 00:08:47,360 --> 00:08:51,080 Speaker 1: speaking at tomorrow, and she said that founding Fathers James 176 00:08:51,120 --> 00:08:55,480 Speaker 1: Adams said that permanent war is always a threat to liberty, 177 00:08:57,040 --> 00:08:59,400 Speaker 1: and so this permanent war that we're in is the threat. 178 00:09:00,400 --> 00:09:04,160 Speaker 1: It doesn't do any good for anybody at all. You're 179 00:09:04,200 --> 00:09:07,000 Speaker 1: listening to the Marcromas Show talking about the decentralized Revolution. 180 00:09:07,240 --> 00:09:08,520 Speaker 2: We back with more in a minute. 181 00:09:08,679 --> 00:09:12,120 Speaker 1: Don't go away, We're back, all right, Welcome back. If 182 00:09:12,160 --> 00:09:14,040 Speaker 1: you're just tune in, you're listening to the Markomas Show 183 00:09:14,080 --> 00:09:16,599 Speaker 1: talking about the decentralized Revolution, running through some of the 184 00:09:16,679 --> 00:09:19,600 Speaker 1: latest breaking news headlines this week, so you know what 185 00:09:19,640 --> 00:09:22,120 Speaker 1: the heck is going on, so that you can sound 186 00:09:22,240 --> 00:09:24,640 Speaker 1: like you know, like you're smart and tuned in when 187 00:09:24,640 --> 00:09:26,680 Speaker 1: you go to that cocktail party this weekend or whatever 188 00:09:26,679 --> 00:09:28,480 Speaker 1: it is that you're doing. And you know, of course, 189 00:09:28,480 --> 00:09:30,240 Speaker 1: we'd like to look at the world through the lens 190 00:09:30,240 --> 00:09:33,120 Speaker 1: of politics, finance, and technologies. We can get a really 191 00:09:33,640 --> 00:09:37,600 Speaker 1: comprehensive view, a holistic view of what's going on. And 192 00:09:37,600 --> 00:09:39,920 Speaker 1: of course the technology is always a thing that's changed 193 00:09:39,960 --> 00:09:42,160 Speaker 1: the world the most, and the technology the folk we 194 00:09:42,240 --> 00:09:45,319 Speaker 1: like to focus on is bitcoin. It's the decentralized technology 195 00:09:45,520 --> 00:09:50,880 Speaker 1: that's decentralizing the world. But as Bitcoin is decentralizing the world, 196 00:09:51,360 --> 00:09:53,360 Speaker 1: we have I guess you know what they say, each 197 00:09:53,440 --> 00:09:56,280 Speaker 1: force has that equal and opposite reaction. The equal and 198 00:09:56,320 --> 00:09:59,360 Speaker 1: opposite reaction is the centralizing forces want to come out 199 00:09:59,400 --> 00:10:02,840 Speaker 1: with their own answer to Bitcoin, their counter to bitcoin, 200 00:10:03,200 --> 00:10:06,240 Speaker 1: a digital version of bitcoin that they can control. And 201 00:10:06,280 --> 00:10:08,640 Speaker 1: of course that is a cb DC we talk about 202 00:10:08,640 --> 00:10:11,600 Speaker 1: all the time. Of course, that's a generic term for it, 203 00:10:11,640 --> 00:10:14,680 Speaker 1: right it's a central bank digital currency. But in the 204 00:10:14,800 --> 00:10:17,680 Speaker 1: United States, the Land of the Free, I might add, 205 00:10:18,600 --> 00:10:21,000 Speaker 1: there's a lot of pushback to central bank digital currencies 206 00:10:21,040 --> 00:10:23,680 Speaker 1: because the people already know thanks to people like myself 207 00:10:23,720 --> 00:10:26,600 Speaker 1: and lots of other people pounding the table about the 208 00:10:26,679 --> 00:10:30,040 Speaker 1: dangers and how bad these things are. Now you know, 209 00:10:30,080 --> 00:10:33,760 Speaker 1: I've been talking about how because everybody is starting to 210 00:10:33,760 --> 00:10:36,400 Speaker 1: wake up to how bad these things are, because we're 211 00:10:36,400 --> 00:10:38,800 Speaker 1: starting to see, you know, I mean, now we're seeing 212 00:10:38,840 --> 00:10:43,000 Speaker 1: presidential candidates running out against this, like RFK, like Vivid Ramaswami, 213 00:10:43,040 --> 00:10:46,800 Speaker 1: even Ronda Santist, et cetera, passing laws like in Florida 214 00:10:46,880 --> 00:10:51,199 Speaker 1: and South Carolina and Texas banning central bank digital currencies, 215 00:10:52,000 --> 00:10:55,280 Speaker 1: so you know, the government just will just call them 216 00:10:55,320 --> 00:10:59,400 Speaker 1: something else, like CBDC sounds so bad. People have so 217 00:10:59,480 --> 00:11:01,960 Speaker 1: much pushback to that, so let's just call them something 218 00:11:01,960 --> 00:11:05,400 Speaker 1: else that nobody will know what that means. Now, now, 219 00:11:07,320 --> 00:11:11,240 Speaker 1: I believe over eighty percent of all financial transactions, you know, 220 00:11:11,400 --> 00:11:13,880 Speaker 1: are already done digitally anyway, So we sortady already have 221 00:11:14,000 --> 00:11:14,880 Speaker 1: a digital dollar. 222 00:11:15,960 --> 00:11:16,960 Speaker 2: And how do you know. 223 00:11:16,920 --> 00:11:20,280 Speaker 1: What software, what back end, what rails that that those 224 00:11:20,320 --> 00:11:23,560 Speaker 1: dollars are moving on and you don't. And so the 225 00:11:23,559 --> 00:11:26,959 Speaker 1: Federal Reserve in the United States has now created something 226 00:11:27,000 --> 00:11:31,080 Speaker 1: called fed Now, and fed now has been going through 227 00:11:31,120 --> 00:11:35,680 Speaker 1: this you know, this pilot, this testing program, and now 228 00:11:35,760 --> 00:11:40,360 Speaker 1: it's been released into the wild. Now it's not totally 229 00:11:40,360 --> 00:11:43,160 Speaker 1: a CBDC as most people think about a CBDC in 230 00:11:43,200 --> 00:11:45,480 Speaker 1: a sense where when we think about a CBDC essenter 231 00:11:45,520 --> 00:11:47,960 Speaker 1: by digital currency, it's where you and I have these 232 00:11:48,080 --> 00:11:51,280 Speaker 1: new payment tokens, these new currency tokens or you know 233 00:11:51,320 --> 00:11:54,160 Speaker 1: whatever you want to call them, digital asset tokens that 234 00:11:54,240 --> 00:11:56,440 Speaker 1: we trade back and forth in the place of dollars, 235 00:11:56,720 --> 00:12:01,040 Speaker 1: sort of like you do with cryptocurrency. But this and 236 00:12:01,280 --> 00:12:04,200 Speaker 1: then we have those accounts directly with the central bank. 237 00:12:04,360 --> 00:12:06,360 Speaker 1: So the central bank has the ledger. You and I 238 00:12:06,520 --> 00:12:08,760 Speaker 1: use the currency units of that ledger. But in this 239 00:12:08,880 --> 00:12:13,679 Speaker 1: case fed now is not that right, it's not a 240 00:12:13,800 --> 00:12:16,680 Speaker 1: unit for retail consumption. This is only for the banks 241 00:12:16,720 --> 00:12:19,840 Speaker 1: to be using, and it's a way for them to 242 00:12:19,880 --> 00:12:23,960 Speaker 1: send money back and forth faster between themselves, to have 243 00:12:24,000 --> 00:12:26,480 Speaker 1: settlement back and forth between themselves to be faster. 244 00:12:27,559 --> 00:12:28,080 Speaker 2: And some of the. 245 00:12:28,080 --> 00:12:31,720 Speaker 1: Ways it's faster is like, for example, right now, banks 246 00:12:31,880 --> 00:12:35,480 Speaker 1: using the fed wire system can only send money during 247 00:12:35,600 --> 00:12:38,680 Speaker 1: normal banking hours, which, as you know, bankers hours are 248 00:12:38,720 --> 00:12:41,240 Speaker 1: like the easiest, the lightest hours that you can have, 249 00:12:42,480 --> 00:12:45,160 Speaker 1: and only during those banking hours can money move. But 250 00:12:45,360 --> 00:12:47,199 Speaker 1: what about when you need to send money at night, 251 00:12:47,440 --> 00:12:49,280 Speaker 1: or on a weekend or on any of the numerous 252 00:12:49,320 --> 00:12:51,240 Speaker 1: holidays at bank support And the answer is you can, 253 00:12:51,640 --> 00:12:55,079 Speaker 1: And so fed wire is a very slow system and 254 00:12:55,280 --> 00:13:00,679 Speaker 1: archaic old system. The settlement times are slow, and so forth. 255 00:13:01,200 --> 00:13:03,240 Speaker 1: And now you've won from fed wire to fed now, 256 00:13:03,400 --> 00:13:07,160 Speaker 1: which means you can send money now it's faster, and 257 00:13:07,200 --> 00:13:11,120 Speaker 1: it happens twenty four to seven, and so On one hand, 258 00:13:12,240 --> 00:13:15,880 Speaker 1: I don't believe personally that this is the big, bad, 259 00:13:16,000 --> 00:13:19,040 Speaker 1: dangerous CBDC. And I know you'll see a lot of headlines, 260 00:13:19,080 --> 00:13:20,640 Speaker 1: you know, the Glenn dex of the world are really 261 00:13:20,679 --> 00:13:22,720 Speaker 1: pushing this to kind of scare you. You know, I'm 262 00:13:22,760 --> 00:13:24,720 Speaker 1: just going to tell you as honest as I know 263 00:13:25,240 --> 00:13:27,640 Speaker 1: that in my opinion, this is not a central bank 264 00:13:27,679 --> 00:13:32,200 Speaker 1: digital currency, but this opens up the door to it, 265 00:13:32,280 --> 00:13:34,240 Speaker 1: all right, And so you have to understand that typically 266 00:13:34,320 --> 00:13:36,920 Speaker 1: these types of things, especially in the United States, where 267 00:13:36,920 --> 00:13:38,840 Speaker 1: we have a say so, where the people still have 268 00:13:38,960 --> 00:13:42,120 Speaker 1: a little bit of a voice, we can push back 269 00:13:42,240 --> 00:13:44,559 Speaker 1: and states can ban this, right, and so it slows 270 00:13:44,600 --> 00:13:48,240 Speaker 1: things downs and forcesn't reconsidered, whereas in China. Of course, 271 00:13:48,360 --> 00:13:50,319 Speaker 1: China was the first country to roll out of central 272 00:13:50,320 --> 00:13:53,160 Speaker 1: bank digital currency because it's communist. They don't care what 273 00:13:53,160 --> 00:13:55,199 Speaker 1: people say. People have no voice. If you say something 274 00:13:55,200 --> 00:13:56,720 Speaker 1: they don't like, they just give you a low social 275 00:13:56,760 --> 00:13:58,600 Speaker 1: credit score and you're taking out of the system anyway. 276 00:13:59,040 --> 00:14:00,760 Speaker 1: But in the US they have to do it different. 277 00:14:01,160 --> 00:14:03,840 Speaker 1: So I think it's not a central big digital currency, 278 00:14:03,920 --> 00:14:06,360 Speaker 1: but it's certainly opening up the door to that. 279 00:14:06,400 --> 00:14:08,440 Speaker 2: It's like it's like the first stage of this. 280 00:14:08,600 --> 00:14:10,959 Speaker 1: Now some of the pros of having this are that 281 00:14:11,240 --> 00:14:14,440 Speaker 1: businesses could receive funds from their customers and pay their 282 00:14:14,480 --> 00:14:19,000 Speaker 1: workers immediately. So it could it could simplify cash management. 283 00:14:21,080 --> 00:14:21,560 Speaker 2: Some of the. 284 00:14:21,440 --> 00:14:24,360 Speaker 1: Cons or it could cause some serious liquidity risks. So 285 00:14:24,440 --> 00:14:27,160 Speaker 1: like for example, we saw on the you know, the 286 00:14:27,200 --> 00:14:29,440 Speaker 1: banking crisis, or I say, some of the banking collapse, 287 00:14:29,560 --> 00:14:32,680 Speaker 1: like with the Silicon Valley Bank. I believe like one 288 00:14:32,760 --> 00:14:35,680 Speaker 1: hundred billion dollars was taken out of the bank like 289 00:14:35,680 --> 00:14:38,080 Speaker 1: in a day. And so with things like social media, 290 00:14:38,200 --> 00:14:41,680 Speaker 1: news travels very fast, and with banking apps, like literally 291 00:14:41,680 --> 00:14:43,280 Speaker 1: I can hear the news on Twitter, open up my 292 00:14:43,320 --> 00:14:44,600 Speaker 1: banking app, and with a click of a button, I 293 00:14:44,600 --> 00:14:46,560 Speaker 1: could just transfer my money from bank A to bank B. 294 00:14:47,080 --> 00:14:49,520 Speaker 1: And it was all those people pulling their funds out 295 00:14:49,600 --> 00:14:52,080 Speaker 1: at a rapid rate that caused the banking collapse. And 296 00:14:52,120 --> 00:14:54,560 Speaker 1: so now if you can move money faster from bank 297 00:14:54,600 --> 00:14:58,800 Speaker 1: to bank, it only increases the risks of that happening. 298 00:14:59,120 --> 00:15:00,720 Speaker 1: So then what are they going to do. Well, then 299 00:15:00,760 --> 00:15:03,960 Speaker 1: they have to fix that somehow. How can they fix that? Well, 300 00:15:04,000 --> 00:15:08,200 Speaker 1: they fix that by putting gates and checkpoints in to 301 00:15:08,240 --> 00:15:10,720 Speaker 1: slow it down. They ultimately don't want the money to 302 00:15:10,760 --> 00:15:12,920 Speaker 1: move that fast, not from bank to bank anyway. And 303 00:15:12,960 --> 00:15:16,560 Speaker 1: so now, well for transactions over one hundred thousand and 304 00:15:16,600 --> 00:15:18,360 Speaker 1: those have to go through manual view, we're going to 305 00:15:18,440 --> 00:15:20,480 Speaker 1: slow those down. And so at the end of the day, 306 00:15:20,520 --> 00:15:23,640 Speaker 1: what it does is it sort of just introduces. 307 00:15:24,680 --> 00:15:26,960 Speaker 2: It just introduces more control methods. 308 00:15:28,200 --> 00:15:31,080 Speaker 1: But at the same time as they're fighting against, you know, 309 00:15:31,120 --> 00:15:33,560 Speaker 1: the decentralized money like Bitcoin, trying to push their centralized 310 00:15:33,560 --> 00:15:35,480 Speaker 1: money like a CBDC or in this case FED. Now 311 00:15:36,000 --> 00:15:38,720 Speaker 1: we can see that it's really there's a there's a 312 00:15:38,760 --> 00:15:41,200 Speaker 1: new case that's really exposing this. As a matter of fact, 313 00:15:41,720 --> 00:15:45,200 Speaker 1: Kitlyn Long, who's a head of Custodia Bank, who I've 314 00:15:45,240 --> 00:15:47,080 Speaker 1: also had on my show, and we have a podcast 315 00:15:47,080 --> 00:15:50,560 Speaker 1: talking about this. So again search Caitlyn Long on the 316 00:15:50,560 --> 00:15:52,400 Speaker 1: Mark Mas Show podcast and if you want to, if 317 00:15:52,400 --> 00:15:55,320 Speaker 1: you want to check this out. But Custodia Bank had 318 00:15:55,320 --> 00:15:58,680 Speaker 1: this bright idea of not doing a fractional reserve, and 319 00:15:58,720 --> 00:16:01,160 Speaker 1: what that means is that instead of taking your money 320 00:16:01,200 --> 00:16:03,040 Speaker 1: and then loaning it back out, they would actually hold 321 00:16:03,040 --> 00:16:05,640 Speaker 1: your money, so anytime you wanted, you could go withdraw 322 00:16:05,680 --> 00:16:08,120 Speaker 1: your money and it wouldn't collapse the bank. Sounds like 323 00:16:08,120 --> 00:16:11,800 Speaker 1: a pretty good idea. And the Federal Reserve denied their 324 00:16:11,840 --> 00:16:15,720 Speaker 1: banking charter denied it. Why well, they don't want anybody 325 00:16:15,760 --> 00:16:19,920 Speaker 1: to do a full reserve bank. Why not because if 326 00:16:19,920 --> 00:16:22,440 Speaker 1: there was a bank offering full reserve, then everybody would 327 00:16:22,480 --> 00:16:24,680 Speaker 1: want that, and they would pull all their money from 328 00:16:24,680 --> 00:16:26,720 Speaker 1: the fractional reserves and put it into full reserve, and 329 00:16:26,760 --> 00:16:30,400 Speaker 1: it it would destroy the entire banking system. So of 330 00:16:30,400 --> 00:16:33,800 Speaker 1: course they denied it. Well, Custodia has now filed a lawsuit, 331 00:16:33,800 --> 00:16:36,680 Speaker 1: a groundbreaking lawsuit against the Federal Reserve. They filed that 332 00:16:36,680 --> 00:16:40,720 Speaker 1: in June of twenty twenty two, and it is exposing 333 00:16:41,240 --> 00:16:44,000 Speaker 1: this whole regime, which is pretty amazing. It's going to 334 00:16:44,040 --> 00:16:46,520 Speaker 1: be interesting to watch that. Another thing I want to 335 00:16:46,520 --> 00:16:49,640 Speaker 1: talk about quickly is that bitcoin has been on the move. 336 00:16:50,120 --> 00:16:52,200 Speaker 1: And as much as bitcoin has been on the move, 337 00:16:52,360 --> 00:16:56,040 Speaker 1: the bitcoin miners have been absolutely crushing it. As a 338 00:16:56,080 --> 00:16:58,720 Speaker 1: matter of fact, Bitcoin is up in the last thirty 339 00:16:58,800 --> 00:17:02,920 Speaker 1: days about twenty five percent, and at the same time, 340 00:17:02,960 --> 00:17:05,639 Speaker 1: we've seen publicly traded bitcoin miners that have gone up 341 00:17:05,640 --> 00:17:10,240 Speaker 1: by one hundred to two hundred and fifty percent, Riot 342 00:17:10,280 --> 00:17:12,280 Speaker 1: Blockchains up one hundred and eighteen percent, hut Eights up 343 00:17:12,280 --> 00:17:14,200 Speaker 1: one hundred and forty six percent, Mars up one hundred 344 00:17:14,240 --> 00:17:18,560 Speaker 1: and twenty five percent. I mean we saw Core scientifics 345 00:17:18,600 --> 00:17:20,760 Speaker 1: up two hundred and twenty five percent in the same 346 00:17:21,160 --> 00:17:25,280 Speaker 1: thirty day period. Bitcoin's on the move. The free market 347 00:17:25,440 --> 00:17:29,600 Speaker 1: is speaking, we don't want CBDCs, we want bitcoin money. 348 00:17:29,720 --> 00:17:32,320 Speaker 1: The markets are voting, people are voting with their money. 349 00:17:33,119 --> 00:17:36,320 Speaker 1: Hopefully at some point the powers that be will is 350 00:17:36,400 --> 00:17:38,639 Speaker 1: recognize that we're in a democracy. Well, we're not a 351 00:17:38,720 --> 00:17:40,840 Speaker 1: democracy in the republic, but the people have a voice, 352 00:17:40,920 --> 00:17:43,119 Speaker 1: and this is they voice their opinion with their money, 353 00:17:43,240 --> 00:17:44,840 Speaker 1: and that's the way it should go. If you're just 354 00:17:44,840 --> 00:17:46,840 Speaker 1: tuned in, you're listening to the Mark mass Show, running 355 00:17:46,880 --> 00:17:49,240 Speaker 1: through some of the latest breaking news headlines of this week, 356 00:17:49,400 --> 00:17:51,719 Speaker 1: so you can understand how the world is changing right 357 00:17:51,720 --> 00:17:54,160 Speaker 1: before you varize it more importantly, so you can navigate 358 00:17:54,200 --> 00:17:56,040 Speaker 1: it properly. I got to take a very quick break, 359 00:17:56,040 --> 00:17:58,080 Speaker 1: but I'll be back with more stories in a minute 360 00:17:58,520 --> 00:18:00,280 Speaker 1: that you don't want to miss, So don't away. 361 00:18:00,320 --> 00:18:04,840 Speaker 2: I'll bear back, all right, Welcome back. 362 00:18:04,840 --> 00:18:06,440 Speaker 1: If you just tune in, you're listening to the Mark 363 00:18:06,520 --> 00:18:09,840 Speaker 1: Moss Show, and we are talking about the decentralized revolution. 364 00:18:09,920 --> 00:18:11,440 Speaker 1: Of course, each and every week we're running through some 365 00:18:11,480 --> 00:18:13,480 Speaker 1: of the latest breaking news headlines so. 366 00:18:13,440 --> 00:18:14,879 Speaker 2: You can understand what is going on. 367 00:18:14,960 --> 00:18:18,679 Speaker 1: And you know, in this thesis of moving from you know, 368 00:18:18,880 --> 00:18:25,639 Speaker 1: big globalized central planning, centralization globalization, moving towards this more smaller, 369 00:18:25,760 --> 00:18:29,440 Speaker 1: decentralized world, it's important to look at it from a 370 00:18:29,480 --> 00:18:31,560 Speaker 1: bunch of perspectives, in one of which is these like 371 00:18:31,760 --> 00:18:35,520 Speaker 1: very large multinational corporations and companies. 372 00:18:36,800 --> 00:18:38,320 Speaker 2: And it's interesting. 373 00:18:37,800 --> 00:18:41,280 Speaker 1: Because on one hand, you see, you know, specifically in 374 00:18:41,280 --> 00:18:43,440 Speaker 1: the United States, you see in the European Union as well, 375 00:18:43,680 --> 00:18:45,840 Speaker 1: like the government's trying. 376 00:18:45,560 --> 00:18:48,000 Speaker 2: To break up what they would call monopolies. 377 00:18:49,240 --> 00:18:51,639 Speaker 1: And I talk about this because we just saw this 378 00:18:51,680 --> 00:18:54,200 Speaker 1: week that Microsoft, who has been. 379 00:18:55,760 --> 00:18:58,680 Speaker 2: You know, accused, h sued. 380 00:18:58,600 --> 00:19:01,639 Speaker 1: Many times by the government for or having a monopoly, 381 00:19:02,880 --> 00:19:05,600 Speaker 1: must suit again, you know, for have another monopoly. But 382 00:19:05,680 --> 00:19:09,159 Speaker 1: this time Microsoft won, and it won its case against 383 00:19:09,160 --> 00:19:14,480 Speaker 1: the FTC in a bid to buy Activision Blizzard. Now, 384 00:19:14,600 --> 00:19:17,040 Speaker 1: Microsoft and Activision, you know, struck up a deal about 385 00:19:17,040 --> 00:19:19,800 Speaker 1: eighteen months ago where Microsoft wanted to buy them out, 386 00:19:20,560 --> 00:19:22,680 Speaker 1: and then the FTC came in and tried to break 387 00:19:22,720 --> 00:19:27,080 Speaker 1: them down and prevent that from happening. What happened is 388 00:19:27,320 --> 00:19:31,520 Speaker 1: a district Judge Jacqueline Scott Corley denied the FTC's request 389 00:19:31,520 --> 00:19:33,720 Speaker 1: for an injunction, so the FTC tried to stop it 390 00:19:33,720 --> 00:19:36,600 Speaker 1: from happening by fonn injunction. She said that the quote, 391 00:19:36,640 --> 00:19:39,440 Speaker 1: the FTC has not shown it is likely to succeed 392 00:19:39,480 --> 00:19:42,920 Speaker 1: on its assertion that combined firm will probably pull Call 393 00:19:42,920 --> 00:19:45,280 Speaker 1: of Duty from Sony PlayStation, or that its ownership of 394 00:19:45,320 --> 00:19:48,560 Speaker 1: Activision content will be substantially less competitive in the video game. 395 00:19:48,440 --> 00:19:50,280 Speaker 2: Library, subscription and cloud gaming markets. 396 00:19:50,320 --> 00:19:53,639 Speaker 1: So she said, look, sec, we don't think that this 397 00:19:53,800 --> 00:19:56,760 Speaker 1: is true. What you're asserting to be true. We don't 398 00:19:56,760 --> 00:19:58,760 Speaker 1: see that, and so we're going to just go ahead 399 00:19:58,760 --> 00:19:59,240 Speaker 1: and pull this. 400 00:20:00,760 --> 00:20:01,040 Speaker 2: Now. 401 00:20:01,280 --> 00:20:04,720 Speaker 1: The FTC, you know, the government has just gone to 402 00:20:04,760 --> 00:20:07,159 Speaker 1: a point where it's just so big. There's just so 403 00:20:07,320 --> 00:20:10,960 Speaker 1: many different factions, uh and and so many different interests 404 00:20:11,000 --> 00:20:13,240 Speaker 1: and so many different things going on, and that's that's 405 00:20:13,280 --> 00:20:15,760 Speaker 1: sort of a problem. So there's there's really no congruency there. 406 00:20:16,960 --> 00:20:19,359 Speaker 1: We've seen, you know, the FTC has sued lots of 407 00:20:19,400 --> 00:20:22,800 Speaker 1: people for doing things like this, and the FTC is 408 00:20:22,840 --> 00:20:30,119 Speaker 1: really one of these deep state, bureaucratic administrative states, you know, 409 00:20:30,200 --> 00:20:33,920 Speaker 1: agencies inside the government that really needs to be disbanded. 410 00:20:34,480 --> 00:20:38,320 Speaker 1: You hear a lot about the administrative state, and the 411 00:20:38,320 --> 00:20:42,920 Speaker 1: administrative state is a is a bunch of different sectors 412 00:20:43,880 --> 00:20:47,760 Speaker 1: regulatory bodies in the United States of non elected. 413 00:20:47,320 --> 00:20:49,440 Speaker 2: People that. 414 00:20:50,920 --> 00:20:54,600 Speaker 1: Are basically there for life and have all the power. 415 00:20:55,520 --> 00:20:59,399 Speaker 1: So while you have the illusion of voting for, you know, 416 00:20:59,760 --> 00:21:02,600 Speaker 1: a politician, because you think that politician is going to 417 00:21:02,600 --> 00:21:05,280 Speaker 1: go and change things, what you realize is that, you know, 418 00:21:05,320 --> 00:21:07,760 Speaker 1: whether they're a senator or congressman or president, they have 419 00:21:07,800 --> 00:21:10,040 Speaker 1: different terms two years, four years, et cetera. They're there 420 00:21:10,080 --> 00:21:11,600 Speaker 1: for a couple of years to do whatever they're going 421 00:21:11,680 --> 00:21:15,760 Speaker 1: to do. The administrative state is there before they got there, 422 00:21:15,800 --> 00:21:18,359 Speaker 1: they're there while they're there, they're there after they're there, 423 00:21:18,720 --> 00:21:21,440 Speaker 1: and they're the ones that have all the power now. 424 00:21:21,520 --> 00:21:24,639 Speaker 1: Vivik Ramaswami is a presidential candidate on the Republican Party. 425 00:21:24,760 --> 00:21:27,960 Speaker 1: He's been very very, very very outspoken about this. I've 426 00:21:27,960 --> 00:21:30,439 Speaker 1: actually had Vivic on my show to talk about this. 427 00:21:30,520 --> 00:21:32,600 Speaker 1: If you'd like to check that out, just go back 428 00:21:32,640 --> 00:21:34,840 Speaker 1: to the Mark mass Show on your favorite podcast app 429 00:21:34,880 --> 00:21:38,080 Speaker 1: and find their Vivic Ramaswami interview. But you know, he 430 00:21:38,240 --> 00:21:41,040 Speaker 1: is a kind of approaches date head on. Now, Donald 431 00:21:41,080 --> 00:21:44,000 Speaker 1: Trump talked about taking on the deep state, but I 432 00:21:44,000 --> 00:21:46,439 Speaker 1: don't think he really understood what he was dealing with. 433 00:21:46,480 --> 00:21:49,680 Speaker 1: Where Vivic understands what this administrative state is. And this 434 00:21:49,760 --> 00:21:52,640 Speaker 1: is exactly what's going on with this FTC case. Now, 435 00:21:52,800 --> 00:21:55,600 Speaker 1: what's interesting about this is at the same time as 436 00:21:55,640 --> 00:21:59,520 Speaker 1: that happened, we saw that there was another case. It 437 00:21:59,560 --> 00:22:04,680 Speaker 1: was miss versus Biden, and the Missouri versus Biden proved 438 00:22:05,040 --> 00:22:10,160 Speaker 1: that big tech and the federal government colluded to suppress 439 00:22:10,320 --> 00:22:15,840 Speaker 1: millions of people of protected free speech, you know, an American. 440 00:22:15,920 --> 00:22:20,360 Speaker 1: So they basically slapped an injunction on the federal government, 441 00:22:20,960 --> 00:22:24,959 Speaker 1: on the Biden administration, and said you can't go coerce 442 00:22:25,119 --> 00:22:28,919 Speaker 1: these big tech companies to do your bidding anymore. And 443 00:22:28,960 --> 00:22:30,719 Speaker 1: the reason why I like these two stories and why 444 00:22:30,760 --> 00:22:33,200 Speaker 1: it's important to think about this is that on one hand, 445 00:22:33,800 --> 00:22:38,119 Speaker 1: you see like the FTC apparently seems to be wanting 446 00:22:38,160 --> 00:22:42,120 Speaker 1: to break up monopolies and prevent these monopolies from forming. 447 00:22:43,080 --> 00:22:44,800 Speaker 1: But on the other hand, it looks like what the 448 00:22:44,800 --> 00:22:48,840 Speaker 1: government bodies and regulations are doing are creating these monopolies, 449 00:22:48,840 --> 00:22:50,720 Speaker 1: and they actually want to create these monopolies. So what 450 00:22:50,760 --> 00:22:52,840 Speaker 1: do I mean by that? Won't just look at the pandemic. 451 00:22:54,280 --> 00:22:57,760 Speaker 1: They were literally shutting down mom and pop businesses everywhere, 452 00:22:57,800 --> 00:23:02,320 Speaker 1: deeming them non non essential. At the same time, the 453 00:23:02,359 --> 00:23:07,359 Speaker 1: big box stores, the national the multinational corporations got bigger 454 00:23:07,400 --> 00:23:11,399 Speaker 1: and bigger and bigger. So the small decentralized mom and 455 00:23:11,400 --> 00:23:14,320 Speaker 1: pop stores and businesses everywhere shut down. 456 00:23:14,640 --> 00:23:15,960 Speaker 2: The big stores got. 457 00:23:15,840 --> 00:23:18,679 Speaker 1: Bigger, bigger, and bigger and more powerful. Now why is 458 00:23:18,680 --> 00:23:21,159 Speaker 1: that important? Well, it's much harder to control one hundred 459 00:23:21,280 --> 00:23:24,119 Speaker 1: or a thousand or one hundred thousand small independent business 460 00:23:24,160 --> 00:23:27,960 Speaker 1: people than it is to squeeze one single national or 461 00:23:28,040 --> 00:23:28,960 Speaker 1: multinational company. 462 00:23:29,000 --> 00:23:33,359 Speaker 2: It's much easier to control that. You know. One of 463 00:23:33,400 --> 00:23:34,680 Speaker 2: the things that the government's trying. 464 00:23:34,440 --> 00:23:38,840 Speaker 1: To achieve, a very very stupid plan that they're trying 465 00:23:38,880 --> 00:23:44,160 Speaker 1: to achieve, is equal outcome. Now, I believe in equality, 466 00:23:44,160 --> 00:23:46,280 Speaker 1: and we should all be treated equally, we should all 467 00:23:46,280 --> 00:23:47,640 Speaker 1: have equal opportunity. 468 00:23:48,640 --> 00:23:50,360 Speaker 2: But you can't have equal outcome, and. 469 00:23:50,320 --> 00:23:52,320 Speaker 1: You can't have equal outcome for any number of reasons, 470 00:23:53,240 --> 00:23:55,560 Speaker 1: one of which is because the outcomes that we have 471 00:23:55,600 --> 00:23:57,080 Speaker 1: are based on the decisions that we make. 472 00:23:57,200 --> 00:23:59,920 Speaker 2: So you have two twins come from. 473 00:23:59,840 --> 00:24:02,840 Speaker 1: The the exact same family, in the exact same neighborhood, 474 00:24:02,880 --> 00:24:04,800 Speaker 1: go to the exact same school, go to the exact 475 00:24:04,840 --> 00:24:06,480 Speaker 1: same teachers, with the exact same. 476 00:24:06,280 --> 00:24:08,800 Speaker 2: Parents, and yet end up completely different. 477 00:24:08,920 --> 00:24:13,400 Speaker 1: Why because of the choices that they made. So if 478 00:24:13,400 --> 00:24:15,760 Speaker 1: you really wanted to get people to an equal outcome, 479 00:24:15,760 --> 00:24:17,520 Speaker 1: then what do you have to do. We have to 480 00:24:17,520 --> 00:24:19,600 Speaker 1: make sure they only make the same choices. 481 00:24:20,600 --> 00:24:22,679 Speaker 2: Well, how do you do that. We have to limit the. 482 00:24:22,720 --> 00:24:26,200 Speaker 1: Choices they can make so that either choices they make 483 00:24:26,440 --> 00:24:28,720 Speaker 1: end to the same place. And you do that by 484 00:24:28,760 --> 00:24:31,080 Speaker 1: eliminating all those small choices. The other thing that I 485 00:24:31,119 --> 00:24:34,080 Speaker 1: think is interesting about is is that while on one hand, 486 00:24:34,520 --> 00:24:36,119 Speaker 1: as I said, the government looks like they're trying to 487 00:24:36,119 --> 00:24:37,800 Speaker 1: break up monopolies, on the other hand, they want the 488 00:24:37,840 --> 00:24:40,240 Speaker 1: monopolies to be there. The other thing is that it's 489 00:24:40,280 --> 00:24:43,280 Speaker 1: actually the government regulations that create the monopolies in the 490 00:24:43,280 --> 00:24:43,840 Speaker 1: first place. 491 00:24:44,840 --> 00:24:47,320 Speaker 2: You see, it's the government. 492 00:24:47,760 --> 00:24:49,320 Speaker 1: It's as I was going to talk about, with the 493 00:24:49,320 --> 00:24:52,119 Speaker 1: administrative state, it's not really the elected politicians that you 494 00:24:52,240 --> 00:24:56,920 Speaker 1: send to Washington that make the laws. They basically spend 495 00:24:56,920 --> 00:25:00,560 Speaker 1: their time fundraising. What they do is they sponsor bills 496 00:25:01,000 --> 00:25:03,200 Speaker 1: that turn into laws. Where do the bills come from 497 00:25:03,240 --> 00:25:05,240 Speaker 1: where they come from lobby groups. Who are the lobby groups, 498 00:25:05,240 --> 00:25:08,919 Speaker 1: that's the corporations. So what corporations do, like Amazon, is 499 00:25:08,960 --> 00:25:11,879 Speaker 1: they work with the government to pass regulations that build 500 00:25:12,000 --> 00:25:14,600 Speaker 1: moats that prevent other people from. 501 00:25:14,400 --> 00:25:16,200 Speaker 2: Coming and challenging them. 502 00:25:16,840 --> 00:25:21,399 Speaker 1: Without the government and without regulations that built these regulatory 503 00:25:21,400 --> 00:25:24,840 Speaker 1: motes for big businesses, we wouldn't have things like monopolies now. 504 00:25:24,880 --> 00:25:26,880 Speaker 1: In the old days of you know, railroads and oil 505 00:25:26,880 --> 00:25:29,119 Speaker 1: companies and factories, maybe there was a little bit more 506 00:25:29,119 --> 00:25:31,479 Speaker 1: there because it took a lot of capital to do that. 507 00:25:31,760 --> 00:25:35,760 Speaker 1: But in today's digital age, we're full of decentralized small 508 00:25:35,800 --> 00:25:38,240 Speaker 1: internet businesses. A guy can spin up a line of 509 00:25:38,240 --> 00:25:41,480 Speaker 1: code in a couple hours using AI today and go 510 00:25:41,520 --> 00:25:43,200 Speaker 1: compete against an other companies. As a matter of fact, 511 00:25:43,240 --> 00:25:46,120 Speaker 1: Google put out a release saying that they can no 512 00:25:46,200 --> 00:25:50,719 Speaker 1: longer compete with these decentralized businesses. And so big businesses 513 00:25:50,960 --> 00:25:54,160 Speaker 1: move very slow. There's lots of people, lots of regulations, 514 00:25:54,200 --> 00:25:57,199 Speaker 1: they move very very slow. As new people can instantly 515 00:25:57,240 --> 00:25:59,320 Speaker 1: jump on a new hot idea and develop it with 516 00:25:59,320 --> 00:26:03,840 Speaker 1: almost no cost today and compete, and so monopolies would 517 00:26:03,880 --> 00:26:07,600 Speaker 1: automatically go away if the government would stop regulating them. 518 00:26:07,720 --> 00:26:10,000 Speaker 1: But the problem is they continue to do both. So 519 00:26:10,040 --> 00:26:12,520 Speaker 1: we're seeing it happen from both sides. And this again 520 00:26:12,720 --> 00:26:16,360 Speaker 1: just highlights how the world is changing, really moving from 521 00:26:16,400 --> 00:26:21,359 Speaker 1: these large multinational companies and we'll continue to decentralize down 522 00:26:21,400 --> 00:26:26,159 Speaker 1: into smaller and smaller companies. And we're literally witnessing this 523 00:26:26,320 --> 00:26:31,320 Speaker 1: happening in real time and in the FTC, in the SEC, 524 00:26:32,359 --> 00:26:36,680 Speaker 1: in all of these regulatory bodies, these deep administrative state. 525 00:26:37,640 --> 00:26:43,000 Speaker 1: I'm actually hosting a Twitter space with presidential candidate RFK 526 00:26:43,240 --> 00:26:46,800 Speaker 1: Junior next week. Check me out on Twitter at one 527 00:26:46,880 --> 00:26:49,320 Speaker 1: Mark Moss and you can join that. One of the 528 00:26:49,440 --> 00:26:52,199 Speaker 1: questions I'm asking them specifically is this, I'm going to 529 00:26:52,200 --> 00:26:54,119 Speaker 1: ask them spetificlarly, how do you think you're gonna ge 530 00:26:54,119 --> 00:26:57,400 Speaker 1: anything done with the administrative state in place. I'm interested 531 00:26:57,440 --> 00:26:59,320 Speaker 1: to hear what his answer is to that. If you'd 532 00:26:59,359 --> 00:27:01,399 Speaker 1: like me to ask any other questions that you have, 533 00:27:01,480 --> 00:27:04,080 Speaker 1: hit me up on Twitter at one Mark Moss and 534 00:27:04,160 --> 00:27:05,720 Speaker 1: let me know what questions you'd like me to ask 535 00:27:05,800 --> 00:27:08,439 Speaker 1: RFK Junior and then tune into the space live to 536 00:27:08,560 --> 00:27:10,240 Speaker 1: check that out. Now, if you're just tune in, you 537 00:27:10,280 --> 00:27:12,280 Speaker 1: are listening to the Mark Mass show, of course talking 538 00:27:12,320 --> 00:27:16,520 Speaker 1: about the decentralized Revolution. I got a whole lot more 539 00:27:16,560 --> 00:27:17,840 Speaker 1: to cover when I come back. We're going to dig 540 00:27:17,840 --> 00:27:20,840 Speaker 1: into the economy, what the new inflation numbers are, the 541 00:27:20,840 --> 00:27:23,760 Speaker 1: new CPI ratings, and what that actually means because the 542 00:27:23,840 --> 00:27:25,919 Speaker 1: numbers are not what they appear to be. We'll talk 543 00:27:25,960 --> 00:27:28,600 Speaker 1: about what's happening with the economy and so much more. 544 00:27:28,760 --> 00:27:30,240 Speaker 2: I gotta take a quick break. 545 00:27:30,080 --> 00:27:31,760 Speaker 1: But it'll be right back, so don't go away. 546 00:27:31,960 --> 00:27:32,640 Speaker 2: I'll be back. 547 00:27:36,720 --> 00:27:38,399 Speaker 1: All right, Welcome back. If you're just tune in, you 548 00:27:38,400 --> 00:27:40,280 Speaker 1: are listening to the Mark Mass Show. I just took 549 00:27:40,280 --> 00:27:43,320 Speaker 1: a quick break, but I'm back with more late breaking 550 00:27:43,359 --> 00:27:46,760 Speaker 1: news so you can hear directly as it comes out, 551 00:27:46,760 --> 00:27:48,280 Speaker 1: so you can understand what is going on in the 552 00:27:48,320 --> 00:27:51,359 Speaker 1: world today. And of course we've covered a lot, but 553 00:27:51,400 --> 00:27:52,920 Speaker 1: don't worry if you're missing it, just go back and 554 00:27:53,000 --> 00:27:53,840 Speaker 1: check out the podcast. 555 00:27:53,880 --> 00:27:55,960 Speaker 2: You can hear me over there. But you know, I 556 00:27:55,960 --> 00:27:57,520 Speaker 2: want to talk about what is going on. 557 00:27:58,119 --> 00:28:01,680 Speaker 1: Big news this week, the new CPI, the Consumer Price 558 00:28:01,720 --> 00:28:04,880 Speaker 1: Index numbers came out. Everything is great, right, the Fed 559 00:28:04,960 --> 00:28:09,440 Speaker 1: is doing its job, it's getting inflation down. Everything's amazing, 560 00:28:09,520 --> 00:28:13,840 Speaker 1: right right right, I mean inflation's coming down right right, Well, 561 00:28:14,240 --> 00:28:18,359 Speaker 1: inflation is measured by CPI Consumer Price Index, but there's 562 00:28:18,400 --> 00:28:24,200 Speaker 1: also other things that we can measure inflation prices with CPI. 563 00:28:24,320 --> 00:28:27,000 Speaker 1: Consumer price index first of all, is a very heavily 564 00:28:27,240 --> 00:28:30,359 Speaker 1: manipulated number. What do I mean by that, Well, it 565 00:28:30,400 --> 00:28:33,159 Speaker 1: means that over the last really since the eighties, the 566 00:28:33,200 --> 00:28:37,200 Speaker 1: last several decades, the BLS, the Bureau Labor Statistics, which 567 00:28:37,200 --> 00:28:40,240 Speaker 1: is who sets the CPI basket, has continued to change 568 00:28:40,280 --> 00:28:43,480 Speaker 1: the basket of goods. So you didn't like the old numbers, 569 00:28:43,480 --> 00:28:45,320 Speaker 1: so let's just recalculate to give you a new number. 570 00:28:45,720 --> 00:28:49,440 Speaker 1: The other thing is that the FED, trying to bring 571 00:28:49,440 --> 00:28:52,480 Speaker 1: inflation down, doesn't really care so much about CPI. 572 00:28:53,080 --> 00:28:54,960 Speaker 2: They really care, well, they care about like. 573 00:28:55,040 --> 00:28:59,360 Speaker 1: Core CPI, so it's important to understand what they're really 574 00:28:59,360 --> 00:29:01,520 Speaker 1: looking at. But in regards to the CPI, which is 575 00:29:01,560 --> 00:29:03,800 Speaker 1: the kind of the published number that everybody pays attention to, 576 00:29:04,200 --> 00:29:06,000 Speaker 1: you know, the headline that came out is that this 577 00:29:06,080 --> 00:29:09,800 Speaker 1: headline figure, this headline number shows that we're now down 578 00:29:09,920 --> 00:29:15,400 Speaker 1: to three point one percent of inflation. The CPI is 579 00:29:15,400 --> 00:29:17,719 Speaker 1: now three percent. It was anticipated to be three point one. 580 00:29:17,760 --> 00:29:18,960 Speaker 1: It came out to be three point zero. 581 00:29:19,600 --> 00:29:21,040 Speaker 2: Now why does that matter? 582 00:29:21,120 --> 00:29:23,520 Speaker 1: Well, first of all, the Fed has a target of 583 00:29:23,600 --> 00:29:28,200 Speaker 1: two percent, and the problem was for years they couldn't 584 00:29:28,240 --> 00:29:28,440 Speaker 1: get it. 585 00:29:28,440 --> 00:29:29,840 Speaker 2: They couldn't get it. They couldn't get it. We had 586 00:29:29,840 --> 00:29:31,959 Speaker 2: no inflation, no inflation, no inflation. They won one one 587 00:29:31,960 --> 00:29:33,360 Speaker 2: on one. We have to get it up, get it up, 588 00:29:33,400 --> 00:29:34,480 Speaker 2: get it up, get it up. We gotta get to 589 00:29:34,480 --> 00:29:34,840 Speaker 2: two percent. 590 00:29:34,840 --> 00:29:37,920 Speaker 1: Well they overshot it. They got to nine nine point one. Well, 591 00:29:38,000 --> 00:29:40,160 Speaker 1: oh shoot, well we overshot it. Now let's bring it 592 00:29:40,200 --> 00:29:41,680 Speaker 1: back down. So they've been trying to bring it back 593 00:29:41,680 --> 00:29:44,680 Speaker 1: down two percent. The target worth three percent. So we're 594 00:29:44,720 --> 00:29:48,360 Speaker 1: getting closer there. But the reason why you have to 595 00:29:48,360 --> 00:29:50,600 Speaker 1: dig in a little bit deeper is because if you 596 00:29:50,640 --> 00:29:53,600 Speaker 1: look at if you look at the CPI basket. 597 00:29:53,320 --> 00:29:54,840 Speaker 2: What you'll see is that. 598 00:29:56,240 --> 00:29:59,160 Speaker 1: Of all the things they're tracking, really the only thing 599 00:29:59,200 --> 00:30:04,640 Speaker 1: that came down inside that basket was energy. 600 00:30:04,960 --> 00:30:05,800 Speaker 2: Energy came down. 601 00:30:06,640 --> 00:30:08,800 Speaker 1: And the reason why that's important is because what the 602 00:30:08,800 --> 00:30:13,640 Speaker 1: FED really cares about isn't isn't the headline CPI. It's 603 00:30:13,720 --> 00:30:17,000 Speaker 1: really caring about the core CPI. And what core CPI 604 00:30:17,120 --> 00:30:19,880 Speaker 1: does is it takes that out of the equation. 605 00:30:20,680 --> 00:30:21,520 Speaker 2: And so if you. 606 00:30:21,480 --> 00:30:25,120 Speaker 1: Look at what they really care about. 607 00:30:25,520 --> 00:30:29,120 Speaker 2: You understand that the numbers really actually aren't even that good. 608 00:30:30,280 --> 00:30:34,080 Speaker 1: As a matter of fact, the inflation is still very 609 00:30:34,160 --> 00:30:37,320 Speaker 1: high if you take the energy component out. Now, why 610 00:30:37,400 --> 00:30:41,440 Speaker 1: is the energy component going down so much? Well, because inflation. 611 00:30:41,160 --> 00:30:43,040 Speaker 2: Is measured year over year. 612 00:30:43,160 --> 00:30:46,320 Speaker 1: So what they do is they go, well, energy was 613 00:30:46,440 --> 00:30:49,000 Speaker 1: one hundred and thirty dollars a barrel, oil was one 614 00:30:49,080 --> 00:30:51,960 Speaker 1: hundred and thirty dollars a barrel this month last year, 615 00:30:52,400 --> 00:30:55,040 Speaker 1: and now it's this price this year, so they measure 616 00:30:55,040 --> 00:30:58,840 Speaker 1: it from that point. And of course they're measuring from 617 00:30:58,920 --> 00:31:00,520 Speaker 1: when oil was its high price. 618 00:31:00,600 --> 00:31:01,760 Speaker 2: Now they redid it. 619 00:31:01,800 --> 00:31:04,280 Speaker 1: As I said, the BLS changes a CPI calculation on 620 00:31:04,280 --> 00:31:06,520 Speaker 1: a regular basis, and they changed it in January of 621 00:31:06,560 --> 00:31:09,200 Speaker 1: twenty twenty three this year, I did a video on 622 00:31:09,240 --> 00:31:10,880 Speaker 1: my main YouTube channel, Mark Moss. 623 00:31:12,320 --> 00:31:13,000 Speaker 2: If you'd like to. 624 00:31:12,960 --> 00:31:15,640 Speaker 1: See these videos where I have charts and graphs and 625 00:31:15,680 --> 00:31:18,280 Speaker 1: I outline explain this and I show you the data 626 00:31:18,280 --> 00:31:20,400 Speaker 1: behind it in a visual way, just go to Mark 627 00:31:20,480 --> 00:31:23,320 Speaker 1: Moss on YouTube and just you can check all. 628 00:31:23,280 --> 00:31:24,240 Speaker 2: Those videos out there. 629 00:31:25,040 --> 00:31:27,280 Speaker 1: But I made a video in January explaining that the 630 00:31:27,320 --> 00:31:32,320 Speaker 1: BLS has once again changed there's CPI calculation basket, and 631 00:31:32,360 --> 00:31:35,320 Speaker 1: that if nothing else changed, let's just say that all 632 00:31:35,360 --> 00:31:38,480 Speaker 1: prices stay the same, inflation would start coming down because 633 00:31:38,520 --> 00:31:40,560 Speaker 1: of that. And the reason why I start coming down 634 00:31:40,600 --> 00:31:42,840 Speaker 1: because of that is because now instead of measuring from 635 00:31:42,880 --> 00:31:45,360 Speaker 1: a two year comp we're only going to measure it 636 00:31:45,360 --> 00:31:48,960 Speaker 1: from a one year comp. And so because last year 637 00:31:49,360 --> 00:31:52,800 Speaker 1: was the peak September, we're two months away from the 638 00:31:52,920 --> 00:31:55,760 Speaker 1: very peak. If you measure from a higher. 639 00:31:55,520 --> 00:31:58,000 Speaker 2: Point, it looks lower. It's not a big surprise. 640 00:31:58,040 --> 00:32:00,560 Speaker 1: And so as we're measuring from the high point energy 641 00:32:00,640 --> 00:32:04,600 Speaker 1: oil prices inflation, it's automatically going to come down and 642 00:32:04,640 --> 00:32:08,120 Speaker 1: look less. So it's important to understand, Now, what does 643 00:32:08,160 --> 00:32:11,040 Speaker 1: that mean. Well, it means a couple things. One, it 644 00:32:11,080 --> 00:32:16,200 Speaker 1: means that I think we're about at the bottom of 645 00:32:16,240 --> 00:32:18,080 Speaker 1: where this inflation is going to be. 646 00:32:18,280 --> 00:32:19,560 Speaker 2: Now I've been pretty vocal. 647 00:32:20,000 --> 00:32:22,480 Speaker 1: I believe that we're seeing some of the lowest inflation 648 00:32:22,560 --> 00:32:24,440 Speaker 1: we'll see for the rest of the decades. So I 649 00:32:24,480 --> 00:32:26,640 Speaker 1: think inflation is still going to go way higher, at 650 00:32:26,720 --> 00:32:29,600 Speaker 1: least real inflation. And I say real is because of course, 651 00:32:29,640 --> 00:32:32,720 Speaker 1: like I said, they're manipulating it. We have other sources 652 00:32:33,640 --> 00:32:37,360 Speaker 1: that track inflation back to how they used to calculate it, 653 00:32:38,040 --> 00:32:43,040 Speaker 1: so like for example, shadow Stats tracks it, and we 654 00:32:43,080 --> 00:32:45,200 Speaker 1: can see that, you know, when they were showing that 655 00:32:45,320 --> 00:32:49,960 Speaker 1: it was you know, nine percent, it was really about 656 00:32:50,040 --> 00:32:53,400 Speaker 1: eighteen percent, right, And that's why I say real inflation. 657 00:32:53,840 --> 00:32:55,280 Speaker 1: The other thing to kind of keep in mind is 658 00:32:55,320 --> 00:33:00,000 Speaker 1: that the CPI calculation is pretty stupid overall in my opinion. 659 00:33:00,120 --> 00:33:02,760 Speaker 1: And the reason why I say that is because inflation 660 00:33:02,840 --> 00:33:08,000 Speaker 1: affects us all differently. We're all affected differently. And what 661 00:33:08,040 --> 00:33:10,560 Speaker 1: do I mean by that. Well, if you live in 662 00:33:10,600 --> 00:33:14,240 Speaker 1: your parents' basement and you watch Netflix and you eat 663 00:33:14,360 --> 00:33:18,040 Speaker 1: you know, frozen pizza, like, inflation hasn't even affected you 664 00:33:18,080 --> 00:33:21,120 Speaker 1: at all. But if you live in like Miami Beach 665 00:33:21,400 --> 00:33:23,840 Speaker 1: in a high rise condo and you send your kids 666 00:33:23,880 --> 00:33:28,520 Speaker 1: to private school or you know, private college, inflation has. 667 00:33:28,560 --> 00:33:30,560 Speaker 2: Hit you really, really, really hard. 668 00:33:31,280 --> 00:33:33,640 Speaker 1: So it affects all of us differently, and so trying 669 00:33:33,640 --> 00:33:35,640 Speaker 1: to kind of measure it in a single number doesn't 670 00:33:35,680 --> 00:33:38,360 Speaker 1: really seem to make a lot of sense anyway. But 671 00:33:38,560 --> 00:33:40,880 Speaker 1: in my opinion, this is some of the lowest inflation 672 00:33:40,960 --> 00:33:43,280 Speaker 1: we'll see for the rest of the decade. I think 673 00:33:43,560 --> 00:33:46,200 Speaker 1: energy has pretty much bottomed out at this point, and 674 00:33:46,240 --> 00:33:49,320 Speaker 1: we'll probably start going higher from here, so we definitely 675 00:33:49,360 --> 00:33:50,760 Speaker 1: have to keep an eye on that. But I think 676 00:33:50,800 --> 00:33:52,440 Speaker 1: now is a good time to get back in on 677 00:33:52,560 --> 00:33:58,080 Speaker 1: energy and plan for prices going higher. What would you 678 00:33:58,080 --> 00:34:02,360 Speaker 1: do a plan for prices going higher? Well, for one, 679 00:34:02,680 --> 00:34:05,280 Speaker 1: if prices are going higher, that means that you're purchasing 680 00:34:05,360 --> 00:34:08,839 Speaker 1: power is going to go down. So you're gonna need 681 00:34:08,880 --> 00:34:12,279 Speaker 1: more money to have the same quality of life that 682 00:34:12,320 --> 00:34:12,879 Speaker 1: you have right now. 683 00:34:13,080 --> 00:34:14,000 Speaker 2: So what do you do about that? 684 00:34:14,040 --> 00:34:16,239 Speaker 1: Well, one, you can think about making more money. That 685 00:34:16,280 --> 00:34:18,680 Speaker 1: could be one, But two, you probably want to put 686 00:34:18,719 --> 00:34:22,000 Speaker 1: your money, your savings, your stored money into some sort 687 00:34:22,040 --> 00:34:24,920 Speaker 1: of asset that can at least keep up with but 688 00:34:25,000 --> 00:34:29,720 Speaker 1: hopefully beat the inflation rate. So what are those Well, 689 00:34:30,440 --> 00:34:33,840 Speaker 1: it depends certain certain market cycles. Right now, I like energy, 690 00:34:33,960 --> 00:34:35,839 Speaker 1: as we've just talked about, I think energy prices are 691 00:34:35,840 --> 00:34:36,480 Speaker 1: bottoming out. 692 00:34:37,200 --> 00:34:39,000 Speaker 2: Energy prices got hammered. 693 00:34:38,600 --> 00:34:42,239 Speaker 1: As particularly hard because of the Russia Ukraine War, and 694 00:34:42,320 --> 00:34:46,480 Speaker 1: most people thought that the Ukraine War would really put 695 00:34:46,520 --> 00:34:51,319 Speaker 1: a crimp into the global supply of energy, and so 696 00:34:51,440 --> 00:34:54,839 Speaker 1: prices shot way higher, right But what we found out 697 00:34:54,880 --> 00:34:57,480 Speaker 1: is that that's not actually what happened. And as a matter 698 00:34:57,520 --> 00:35:02,160 Speaker 1: of fact, and as a matter of fact, Uh, there 699 00:35:02,200 --> 00:35:05,440 Speaker 1: wasn't much of a disruption at all. There's almost no disruption. 700 00:35:05,560 --> 00:35:07,719 Speaker 1: Russia continuous sell or oil, the continue to sell to 701 00:35:08,320 --> 00:35:10,440 Speaker 1: you know, India continue to find its way into the 702 00:35:10,440 --> 00:35:15,319 Speaker 1: global markets regardless. And now we you know, we find 703 00:35:15,360 --> 00:35:16,919 Speaker 1: out we have plenty of oil. And so I think 704 00:35:16,920 --> 00:35:19,760 Speaker 1: that was a big shock that never seemed to materialize. 705 00:35:20,480 --> 00:35:22,880 Speaker 1: So I would plan on, like I said, trying to 706 00:35:22,920 --> 00:35:25,600 Speaker 1: divers find assets that could keep up with or beat inflation. 707 00:35:25,800 --> 00:35:28,719 Speaker 1: I like energy, I like commodities. I've been talking about 708 00:35:28,719 --> 00:35:32,520 Speaker 1: commodities a lot lately. I know real estate, you know, 709 00:35:32,600 --> 00:35:36,360 Speaker 1: has getting has been getting hammered, particularly around the interest rates, 710 00:35:37,239 --> 00:35:39,120 Speaker 1: which I think the interest rates will be coming back down. 711 00:35:39,120 --> 00:35:40,759 Speaker 1: I think it's gonna be a really big opportunity there, 712 00:35:40,800 --> 00:35:46,080 Speaker 1: specifically around multi family you know, commercial properties, watching those 713 00:35:46,120 --> 00:35:49,759 Speaker 1: as well. So not financial advice, not financial advice, but 714 00:35:49,800 --> 00:35:51,759 Speaker 1: these are some things that I'm watching and kind of 715 00:35:51,760 --> 00:35:56,520 Speaker 1: waiting for h and some other news that kind of 716 00:35:57,000 --> 00:35:59,680 Speaker 1: continues to hit on that which is this inflation. If 717 00:35:59,680 --> 00:36:02,799 Speaker 1: you think of about inflation, really inflation is the increase 718 00:36:02,880 --> 00:36:05,960 Speaker 1: in the money supply prices going up. Is the effect 719 00:36:06,320 --> 00:36:08,759 Speaker 1: of the increases in the money supply, and so we 720 00:36:08,800 --> 00:36:11,440 Speaker 1: can see that the US national debt has now increased 721 00:36:11,480 --> 00:36:16,040 Speaker 1: by over one trillion dollars just since the debt ceiling 722 00:36:16,120 --> 00:36:19,960 Speaker 1: was suspended last month, just last month, we're going from 723 00:36:20,040 --> 00:36:23,600 Speaker 1: thirty one point four to six to thirty two point four. 724 00:36:23,320 --> 00:36:25,560 Speaker 2: To seven in a month. 725 00:36:26,000 --> 00:36:29,320 Speaker 1: Those with the recession looming, you know, workforce disability claims hitting. 726 00:36:29,680 --> 00:36:33,200 Speaker 1: I mean, all of this happening, inflation raging, and yet 727 00:36:33,280 --> 00:36:36,440 Speaker 1: here we are adding another cool trilli in just a month. 728 00:36:36,719 --> 00:36:39,520 Speaker 1: So I like to say, you know, or the old 729 00:36:39,560 --> 00:36:41,680 Speaker 1: saying is that there's only two things in life that 730 00:36:41,719 --> 00:36:44,560 Speaker 1: are certain, and that's death in taxes. I'll say that 731 00:36:44,600 --> 00:36:46,720 Speaker 1: there's three things in life that are certain. Now it's death, 732 00:36:46,960 --> 00:36:48,200 Speaker 1: it's taxes. 733 00:36:48,080 --> 00:36:49,440 Speaker 2: And it's money printing. 734 00:36:49,880 --> 00:36:51,600 Speaker 1: Those are the three things that you can count for. 735 00:36:51,640 --> 00:36:54,560 Speaker 1: And money printing, of course leads back to more inflation. 736 00:36:54,680 --> 00:36:55,479 Speaker 2: Now we've been. 737 00:36:55,400 --> 00:36:58,000 Speaker 1: Running through some of the latest breaking news headlines this week. 738 00:36:58,160 --> 00:37:00,839 Speaker 1: You're listening to the markms Show. If you missed any 739 00:37:00,880 --> 00:37:02,520 Speaker 1: of it, check me out on the podcast at the 740 00:37:02,600 --> 00:37:04,480 Speaker 1: Mark Moss Show. And that's what we got. 741 00:37:04,480 --> 00:37:05,400 Speaker 2: Thanks so much for listening.