WEBVTT - Economic Trends, Bitcoin Boom, and Tech Titans: Exploring Global Politics and Forecasts 0:00:00.840 --> 0:00:03.480 Hello, and welcome to another episode of The Mark Mass Show, 0:00:03.480 --> 0:00:06.600 where we're talking about the decentralized revolution. Each and every week, 0:00:06.600 --> 0:00:11.360 the way the world changes from centralization to decentralization, and 0:00:11.400 --> 0:00:13.640 we talk about that because if you don't understand the 0:00:13.680 --> 0:00:15.920 way the world is working, then you don't understand how 0:00:15.960 --> 0:00:18.600 to stay one step ahead. Now, while most people are 0:00:18.640 --> 0:00:21.680 wondering what the heck just happened as they watch their 0:00:21.720 --> 0:00:24.160 wealth and their freedom and their. 0:00:24.040 --> 0:00:26.360 Way of life change and disappear. 0:00:26.520 --> 0:00:31.040 Others can prepare and can benefit from what's going on. 0:00:31.280 --> 0:00:32.880 And that's exactly what I want for you. That's exactly 0:00:32.920 --> 0:00:33.320 what I'm doing. 0:00:33.360 --> 0:00:35.200 As a matter of fact, it's why I have been 0:00:35.600 --> 0:00:38.600 so focused on this for the last about twelve years now. 0:00:38.800 --> 0:00:40.839 And it really started as more of a selfish I'm 0:00:40.840 --> 0:00:43.080 just gonna be honest with you, from a selfish perspective, 0:00:43.680 --> 0:00:46.519 trying to watch out for me, myself and my family. 0:00:47.680 --> 0:00:49.040 But then I figured, hey, I might as well talk 0:00:49.080 --> 0:00:50.239 about it and share with the rest of the world 0:00:50.320 --> 0:00:53.280 so every people can get prepared as well. Now, like 0:00:53.320 --> 0:00:55.800 I said, we look at this world changing, and we 0:00:55.840 --> 0:00:58.000 try to look at it through the lens of politics, finance, 0:00:58.040 --> 0:01:00.080 and technology and I like to look at some the 0:01:00.160 --> 0:01:02.280 latest breaking news headlines so you can start to see 0:01:02.360 --> 0:01:03.520 how the world is changing. 0:01:03.520 --> 0:01:04.839 So I want to run through some of those. 0:01:05.040 --> 0:01:07.200 We're going to look at what is going on from 0:01:07.200 --> 0:01:11.399 a global standpoint, specifically with NATO and how that relates 0:01:11.400 --> 0:01:15.160 to Europe, but not just Europe, how it even relates 0:01:15.160 --> 0:01:19.039 to China, what's going on over in Taiwan, and so 0:01:19.160 --> 0:01:22.319 much more, Sweeten, etc. We're going to run through the 0:01:22.400 --> 0:01:25.760 latest breaking news headlines in bitcoin and crypto. There's a 0:01:25.840 --> 0:01:28.039 lot going on there. What's going on with the new 0:01:28.160 --> 0:01:31.720 government central bank digital currency that just came out. We're 0:01:31.760 --> 0:01:34.400 going to look at some lawsuits that are happening in 0:01:34.440 --> 0:01:37.080 the tech space that have some big implications of what's 0:01:37.120 --> 0:01:37.880 going on moving forward. 0:01:37.920 --> 0:01:39.920 Of course, we're going to look at what's. 0:01:39.720 --> 0:01:45.360 Going on in the economy, specifically around job numbers with inflation. 0:01:46.160 --> 0:01:48.800 And then we're gonna look at some big. 0:01:48.560 --> 0:01:52.400 News that show how the world has changed in the 0:01:52.480 --> 0:01:57.920 United States ptifically around businesses, corporations, FTC, regulations and what 0:01:57.960 --> 0:02:00.840 I like to call the administrative So we got a. 0:02:00.760 --> 0:02:01.240 Lot to cover. 0:02:01.440 --> 0:02:03.280 Well, let's just you know, and it's important to look 0:02:03.320 --> 0:02:05.160 at these detailed headlines and. 0:02:05.120 --> 0:02:05.760 The big one. 0:02:05.840 --> 0:02:08.040 I like to start at the top because it's what 0:02:08.160 --> 0:02:11.080 influences everything else, and it's really what's going on in 0:02:11.120 --> 0:02:15.600 the world with the war. You know, however you want 0:02:15.600 --> 0:02:16.799 to look at it. You know, I know there's a 0:02:16.800 --> 0:02:20.360 bunch of different viewpoints on this, but it really comes 0:02:20.400 --> 0:02:23.080 down to NATO, right. This is where it really seems 0:02:23.120 --> 0:02:26.960 to be hinging on because you know, obviously there's the 0:02:27.080 --> 0:02:30.119 Russia Ukraine thing. The United States is the NATO's in 0:02:30.520 --> 0:02:34.280 with Ukraine, but really it comes down to Russia not 0:02:34.600 --> 0:02:39.400 wanting Ukraine to be part of NATO. And it makes 0:02:39.440 --> 0:02:43.839 sense because we wouldn't want Russia or China to put 0:02:43.880 --> 0:02:47.760 a bunch of nuclear weapons along our Mexico or Canadian border. 0:02:47.880 --> 0:02:48.720 We wouldn't want that. 0:02:49.200 --> 0:02:51.399 As a matter of fact, we already had a war 0:02:51.720 --> 0:02:53.560 where Russia tried to do that in Cuba and we 0:02:53.600 --> 0:02:55.480 didn't want that in Cuba. And now we have China 0:02:55.520 --> 0:02:57.079 now trying to move into Cuba and we don't want 0:02:57.080 --> 0:02:59.480 that either. And Cuba is not even on our border, 0:02:59.480 --> 0:03:02.760 although it's very nearby. But the reason why it's important 0:03:02.760 --> 0:03:05.080 to understand that is because as all of this is 0:03:05.080 --> 0:03:07.800 going on, it puts a lot of stress onto those relationships. 0:03:08.360 --> 0:03:10.960 And specifically this week we saw NATO have a summit. 0:03:11.320 --> 0:03:15.840 They met in Lithuania, and Sweden was asking to join NATO. 0:03:15.919 --> 0:03:19.160 They wanted to become part of that, but Turkey is 0:03:19.200 --> 0:03:21.480 strongly opposed in Sweden joining NATO. 0:03:22.280 --> 0:03:23.160 These things get. 0:03:23.000 --> 0:03:25.920 Pretty messy, so I try to keep them somewhat simple. 0:03:26.040 --> 0:03:29.880 But in Sweden people are opposed to kind of the 0:03:30.600 --> 0:03:33.400 Muslim movement that's been happening inside Sweden. There was some 0:03:33.520 --> 0:03:36.560 Kuran Qurans that were being burned there and so Turkey 0:03:36.560 --> 0:03:38.680 took offense to that and oppose that. 0:03:38.920 --> 0:03:40.880 Which is that mean? 0:03:40.880 --> 0:03:46.240 It's understandable, It's understandable. You know, a lot of this 0:03:46.280 --> 0:03:50.720 has to do with cultures that just don't align properly 0:03:51.960 --> 0:03:54.280 and trying to force square pegs. 0:03:53.920 --> 0:03:55.440 Into round holes, so to speak. 0:03:55.520 --> 0:04:01.360 Right, you have like George Soros is nonprofit called Open Societies, 0:04:01.760 --> 0:04:04.320 and he really wants all these different people to move 0:04:04.400 --> 0:04:06.120 all in together. But the problem is that they just 0:04:06.160 --> 0:04:10.480 don't all get along. And while I believe that, you know, 0:04:10.600 --> 0:04:13.000 I believe Jesus told us that the number one commandment 0:04:13.080 --> 0:04:16.160 is to love God and love other people more than yourself. 0:04:16.200 --> 0:04:19.760 So I believe in loving everybody. It doesn't mean that 0:04:19.760 --> 0:04:21.839 we have to hang out with everybody all the time. 0:04:22.000 --> 0:04:26.080 We should treat everybody with love and respect, everybody from 0:04:26.160 --> 0:04:29.960 the homeless drug addict to the maniac that you don't 0:04:29.960 --> 0:04:31.880 agree with whatever. We should treat everybody with love and respect. 0:04:31.880 --> 0:04:33.640 But it doesn't mean we have to hang out with everybody. 0:04:33.760 --> 0:04:35.200 Sometimes you just want to hang out with people that 0:04:35.240 --> 0:04:37.000 are just sort of like you, with the same interests 0:04:37.040 --> 0:04:40.000 as you, same you know, desire, same values, things like that, 0:04:40.080 --> 0:04:42.400 And I think that's okay in my opinion. 0:04:42.440 --> 0:04:43.360 The shouldn't benthing wrong with that. 0:04:43.400 --> 0:04:45.840 But the problem is when you have this, you know, 0:04:45.920 --> 0:04:52.000 these these forced policies pushing mass migration, and you bring 0:04:52.080 --> 0:04:55.440 cultures that are opposite of each other and try to 0:04:55.520 --> 0:04:59.479 force them together, and then it causes clashes. And that's 0:04:59.480 --> 0:05:01.640 sort of like what we've been seeing happening in Sweden, 0:05:01.680 --> 0:05:04.160 I think is and and I'm not saying it's right 0:05:04.240 --> 0:05:07.520 by any means, but it's important to understand that because 0:05:07.839 --> 0:05:10.080 if you understand that, then you also understand what's happening 0:05:10.080 --> 0:05:12.560 in the United States right now. You know, we've had 0:05:12.600 --> 0:05:16.640 millions of people come across the southern border with the 0:05:16.640 --> 0:05:19.599 same thing happening in the United States that happened in Europe, 0:05:20.080 --> 0:05:22.600 right You had all that destabilization in Syria in the 0:05:22.640 --> 0:05:25.880 Middle East that pushed millions of migrants up into Germany. 0:05:25.920 --> 0:05:28.279 France and Sweden have now caused a lot of problems. 0:05:28.360 --> 0:05:30.640 We look at what's happening in France right now. In 0:05:31.000 --> 0:05:33.760 France they've been having the riots. French President Emmanuel Macron 0:05:33.920 --> 0:05:38.760 announced I think forty five thousand, you know, additional troops 0:05:38.760 --> 0:05:41.159 to go in there and try to try to slow 0:05:41.240 --> 0:05:41.839 things down. 0:05:42.160 --> 0:05:44.479 You know, we have the situations in Sweden and that's 0:05:44.480 --> 0:05:46.080 sort of like what we're probably. 0:05:45.800 --> 0:05:47.359 Going to see at some point in the United States. 0:05:47.480 --> 0:05:50.600 I pray that we don't, but unfortunately that's where things 0:05:50.640 --> 0:05:53.560 are going. But back to the NATO thing, you know, 0:05:54.600 --> 0:05:59.960 it's really taking a turn because now not only are 0:06:00.160 --> 0:06:02.159 we seeing countries not want to be part of NATO 0:06:02.360 --> 0:06:05.520 and be the you know then it's this alliance over there, 0:06:07.000 --> 0:06:10.080 but we have Russia saying, hey, if these nations do 0:06:10.240 --> 0:06:12.520 join NATO like then we really have to step up 0:06:12.560 --> 0:06:15.839 what we're doing. And the Russian Foreign Ministry said that 0:06:15.920 --> 0:06:20.080 NATO wants to return to these Cold War schemes. Then 0:06:20.160 --> 0:06:24.480 Moscow will quote respond in a timely and appropriate manner. 0:06:25.360 --> 0:06:28.920 The Krimlin spokesperson, Dmitri Peskov, said that it was potentially 0:06:29.120 --> 0:06:33.760 very dangerous for the West to give Ukraine security guarantees. 0:06:34.640 --> 0:06:37.040 The Russian Foreign Ministry said that the summit showed that 0:06:37.240 --> 0:06:40.000 NATO was reverting to cold war schemes cold war schemes 0:06:40.000 --> 0:06:41.760 and added that it would respond in a timely and 0:06:41.839 --> 0:06:44.800 appropriate manner using all means and. 0:06:44.839 --> 0:06:46.479 Methods at our disposal. 0:06:46.800 --> 0:06:51.000 So they're escalating this to points that just don't need 0:06:51.040 --> 0:06:52.560 to be raised. I mean, the United States is now 0:06:52.640 --> 0:06:54.919 offering to send like cluster bombs over to Ukraine to 0:06:54.920 --> 0:06:59.720 continue to escalate the situation. This is a losing proposition 0:06:59.800 --> 0:07:05.000 for everybody on the planet Earth. This is potentially going 0:07:05.040 --> 0:07:10.400 to a nuclear war level, which is devastating, not just 0:07:10.480 --> 0:07:13.360 for the people that is inflicted on it's. 0:07:13.200 --> 0:07:14.559 Devastating for everybody on Earth. 0:07:14.600 --> 0:07:19.840 It's devastating for the land and Earth itself. There's nobody 0:07:19.880 --> 0:07:24.040 that wins from this except for the industrial military complex. 0:07:24.400 --> 0:07:27.480 The only one that's winning from this is the people 0:07:27.520 --> 0:07:28.400 selling the weapons. 0:07:28.760 --> 0:07:29.040 That's it. 0:07:30.760 --> 0:07:35.240 Who else is benefiting from this war? You can't say 0:07:35.280 --> 0:07:38.280 that we're going in there and saving you know, people 0:07:38.320 --> 0:07:42.880 living in some harsh authoritarian dictator regime because we're not. 0:07:43.320 --> 0:07:48.920 That's the situation they're living in. Now we're I mean, 0:07:49.240 --> 0:07:53.040 I guess the argument is that somehow maybe Putin is 0:07:53.080 --> 0:07:56.559 worse than Zelenski. But the bigger problem is that now 0:07:56.640 --> 0:07:58.600 over in China they see the same thing. And now 0:07:58.720 --> 0:08:01.080 China is looking at NATO, and NATO said that the 0:08:01.120 --> 0:08:04.720 People's Republic of China is challenging its interest and security 0:08:04.800 --> 0:08:09.520 values with its quote ambitious and coercive policies, and now 0:08:09.600 --> 0:08:12.320 this has starting to escalate how China is looking at 0:08:12.320 --> 0:08:15.960 the United States and NATO in specifically in regards to Taiwan. 0:08:17.160 --> 0:08:20.600 They said that the Chinese Mission said that China opposes 0:08:20.720 --> 0:08:25.160 NATO's quote eastward movement into the Asia Pacific region and 0:08:25.200 --> 0:08:27.760 warned that any action threatening Beijing's rights would be met 0:08:27.760 --> 0:08:33.520 with a resolute response as well. So now they're saying, hey, NATO, 0:08:33.640 --> 0:08:35.679 like you're overstepping your bounds and if you even think 0:08:35.679 --> 0:08:37.600 about coming over here, then we're going to. 0:08:37.600 --> 0:08:38.400 Have to respond. 0:08:39.080 --> 0:08:41.640 And so all of this is escalating to a point that, 0:08:42.480 --> 0:08:45.040 like I said, this doesn't benefit anybody. I was listening 0:08:45.080 --> 0:08:47.360 to Tulsi Gabbard speak at this Freedom Fest where I'm 0:08:47.360 --> 0:08:51.080 speaking at tomorrow, and she said that founding Fathers James 0:08:51.120 --> 0:08:55.480 Adams said that permanent war is always a threat to liberty, 0:08:57.040 --> 0:08:59.400 and so this permanent war that we're in is the threat. 0:09:00.400 --> 0:09:04.160 It doesn't do any good for anybody at all. You're 0:09:04.200 --> 0:09:07.000 listening to the Marcromas Show talking about the decentralized Revolution. 0:09:07.240 --> 0:09:08.520 We back with more in a minute. 0:09:08.679 --> 0:09:12.120 Don't go away, We're back, all right, Welcome back. If 0:09:12.160 --> 0:09:14.040 you're just tune in, you're listening to the Markomas Show 0:09:14.080 --> 0:09:16.599 talking about the decentralized Revolution, running through some of the 0:09:16.679 --> 0:09:19.600 latest breaking news headlines this week, so you know what 0:09:19.640 --> 0:09:22.120 the heck is going on, so that you can sound 0:09:22.240 --> 0:09:24.640 like you know, like you're smart and tuned in when 0:09:24.640 --> 0:09:26.680 you go to that cocktail party this weekend or whatever 0:09:26.679 --> 0:09:28.480 it is that you're doing. And you know, of course, 0:09:28.480 --> 0:09:30.240 we'd like to look at the world through the lens 0:09:30.240 --> 0:09:33.120 of politics, finance, and technologies. We can get a really 0:09:33.640 --> 0:09:37.600 comprehensive view, a holistic view of what's going on. And 0:09:37.600 --> 0:09:39.920 of course the technology is always a thing that's changed 0:09:39.960 --> 0:09:42.160 the world the most, and the technology the folk we 0:09:42.240 --> 0:09:45.319 like to focus on is bitcoin. It's the decentralized technology 0:09:45.520 --> 0:09:50.880 that's decentralizing the world. But as Bitcoin is decentralizing the world, 0:09:51.360 --> 0:09:53.360 we have I guess you know what they say, each 0:09:53.440 --> 0:09:56.280 force has that equal and opposite reaction. The equal and 0:09:56.320 --> 0:09:59.360 opposite reaction is the centralizing forces want to come out 0:09:59.400 --> 0:10:02.840 with their own answer to Bitcoin, their counter to bitcoin, 0:10:03.200 --> 0:10:06.240 a digital version of bitcoin that they can control. And 0:10:06.280 --> 0:10:08.640 of course that is a cb DC we talk about 0:10:08.640 --> 0:10:11.600 all the time. Of course, that's a generic term for it, 0:10:11.640 --> 0:10:14.680 right it's a central bank digital currency. But in the 0:10:14.800 --> 0:10:17.680 United States, the Land of the Free, I might add, 0:10:18.600 --> 0:10:21.000 there's a lot of pushback to central bank digital currencies 0:10:21.040 --> 0:10:23.680 because the people already know thanks to people like myself 0:10:23.720 --> 0:10:26.600 and lots of other people pounding the table about the 0:10:26.679 --> 0:10:30.040 dangers and how bad these things are. Now you know, 0:10:30.080 --> 0:10:33.760 I've been talking about how because everybody is starting to 0:10:33.760 --> 0:10:36.400 wake up to how bad these things are, because we're 0:10:36.400 --> 0:10:38.800 starting to see, you know, I mean, now we're seeing 0:10:38.840 --> 0:10:43.000 presidential candidates running out against this, like RFK, like Vivid Ramaswami, 0:10:43.040 --> 0:10:46.800 even Ronda Santist, et cetera, passing laws like in Florida 0:10:46.880 --> 0:10:51.199 and South Carolina and Texas banning central bank digital currencies, 0:10:52.000 --> 0:10:55.280 so you know, the government just will just call them 0:10:55.320 --> 0:10:59.400 something else, like CBDC sounds so bad. People have so 0:10:59.480 --> 0:11:01.960 much pushback to that, so let's just call them something 0:11:01.960 --> 0:11:05.400 else that nobody will know what that means. Now, now, 0:11:07.320 --> 0:11:11.240 I believe over eighty percent of all financial transactions, you know, 0:11:11.400 --> 0:11:13.880 are already done digitally anyway, So we sortady already have 0:11:14.000 --> 0:11:14.880 a digital dollar. 0:11:15.960 --> 0:11:16.960 And how do you know. 0:11:16.920 --> 0:11:20.280 What software, what back end, what rails that that those 0:11:20.320 --> 0:11:23.560 dollars are moving on and you don't. And so the 0:11:23.559 --> 0:11:26.959 Federal Reserve in the United States has now created something 0:11:27.000 --> 0:11:31.080 called fed Now, and fed now has been going through 0:11:31.120 --> 0:11:35.680 this you know, this pilot, this testing program, and now 0:11:35.760 --> 0:11:40.360 it's been released into the wild. Now it's not totally 0:11:40.360 --> 0:11:43.160 a CBDC as most people think about a CBDC in 0:11:43.200 --> 0:11:45.480 a sense where when we think about a CBDC essenter 0:11:45.520 --> 0:11:47.960 by digital currency, it's where you and I have these 0:11:48.080 --> 0:11:51.280 new payment tokens, these new currency tokens or you know 0:11:51.320 --> 0:11:54.160 whatever you want to call them, digital asset tokens that 0:11:54.240 --> 0:11:56.440 we trade back and forth in the place of dollars, 0:11:56.720 --> 0:12:01.040 sort of like you do with cryptocurrency. But this and 0:12:01.280 --> 0:12:04.200 then we have those accounts directly with the central bank. 0:12:04.360 --> 0:12:06.360 So the central bank has the ledger. You and I 0:12:06.520 --> 0:12:08.760 use the currency units of that ledger. But in this 0:12:08.880 --> 0:12:13.679 case fed now is not that right, it's not a 0:12:13.800 --> 0:12:16.680 unit for retail consumption. This is only for the banks 0:12:16.720 --> 0:12:19.840 to be using, and it's a way for them to 0:12:19.880 --> 0:12:23.960 send money back and forth faster between themselves, to have 0:12:24.000 --> 0:12:26.480 settlement back and forth between themselves to be faster. 0:12:27.559 --> 0:12:28.080 And some of the. 0:12:28.080 --> 0:12:31.720 Ways it's faster is like, for example, right now, banks 0:12:31.880 --> 0:12:35.480 using the fed wire system can only send money during 0:12:35.600 --> 0:12:38.680 normal banking hours, which, as you know, bankers hours are 0:12:38.720 --> 0:12:41.240 like the easiest, the lightest hours that you can have, 0:12:42.480 --> 0:12:45.160 and only during those banking hours can money move. But 0:12:45.360 --> 0:12:47.199 what about when you need to send money at night, 0:12:47.440 --> 0:12:49.280 or on a weekend or on any of the numerous 0:12:49.320 --> 0:12:51.240 holidays at bank support And the answer is you can, 0:12:51.640 --> 0:12:55.079 And so fed wire is a very slow system and 0:12:55.280 --> 0:13:00.679 archaic old system. The settlement times are slow, and so forth. 0:13:01.200 --> 0:13:03.240 And now you've won from fed wire to fed now, 0:13:03.400 --> 0:13:07.160 which means you can send money now it's faster, and 0:13:07.200 --> 0:13:11.120 it happens twenty four to seven, and so On one hand, 0:13:12.240 --> 0:13:15.880 I don't believe personally that this is the big, bad, 0:13:16.000 --> 0:13:19.040 dangerous CBDC. And I know you'll see a lot of headlines, 0:13:19.080 --> 0:13:20.640 you know, the Glenn dex of the world are really 0:13:20.679 --> 0:13:22.720 pushing this to kind of scare you. You know, I'm 0:13:22.760 --> 0:13:24.720 just going to tell you as honest as I know 0:13:25.240 --> 0:13:27.640 that in my opinion, this is not a central bank 0:13:27.679 --> 0:13:32.200 digital currency, but this opens up the door to it, 0:13:32.280 --> 0:13:34.240 all right, And so you have to understand that typically 0:13:34.320 --> 0:13:36.920 these types of things, especially in the United States, where 0:13:36.920 --> 0:13:38.840 we have a say so, where the people still have 0:13:38.960 --> 0:13:42.120 a little bit of a voice, we can push back 0:13:42.240 --> 0:13:44.559 and states can ban this, right, and so it slows 0:13:44.600 --> 0:13:48.240 things downs and forcesn't reconsidered, whereas in China. Of course, 0:13:48.360 --> 0:13:50.319 China was the first country to roll out of central 0:13:50.320 --> 0:13:53.160 bank digital currency because it's communist. They don't care what 0:13:53.160 --> 0:13:55.199 people say. People have no voice. If you say something 0:13:55.200 --> 0:13:56.720 they don't like, they just give you a low social 0:13:56.760 --> 0:13:58.600 credit score and you're taking out of the system anyway. 0:13:59.040 --> 0:14:00.760 But in the US they have to do it different. 0:14:01.160 --> 0:14:03.840 So I think it's not a central big digital currency, 0:14:03.920 --> 0:14:06.360 but it's certainly opening up the door to that. 0:14:06.400 --> 0:14:08.440 It's like it's like the first stage of this. 0:14:08.600 --> 0:14:10.959 Now some of the pros of having this are that 0:14:11.240 --> 0:14:14.440 businesses could receive funds from their customers and pay their 0:14:14.480 --> 0:14:19.000 workers immediately. So it could it could simplify cash management. 0:14:21.080 --> 0:14:21.560 Some of the. 0:14:21.440 --> 0:14:24.360 Cons or it could cause some serious liquidity risks. So 0:14:24.440 --> 0:14:27.160 like for example, we saw on the you know, the 0:14:27.200 --> 0:14:29.440 banking crisis, or I say, some of the banking collapse, 0:14:29.560 --> 0:14:32.680 like with the Silicon Valley Bank. I believe like one 0:14:32.760 --> 0:14:35.680 hundred billion dollars was taken out of the bank like 0:14:35.680 --> 0:14:38.080 in a day. And so with things like social media, 0:14:38.200 --> 0:14:41.680 news travels very fast, and with banking apps, like literally 0:14:41.680 --> 0:14:43.280 I can hear the news on Twitter, open up my 0:14:43.320 --> 0:14:44.600 banking app, and with a click of a button, I 0:14:44.600 --> 0:14:46.560 could just transfer my money from bank A to bank B. 0:14:47.080 --> 0:14:49.520 And it was all those people pulling their funds out 0:14:49.600 --> 0:14:52.080 at a rapid rate that caused the banking collapse. And 0:14:52.120 --> 0:14:54.560 so now if you can move money faster from bank 0:14:54.600 --> 0:14:58.800 to bank, it only increases the risks of that happening. 0:14:59.120 --> 0:15:00.720 So then what are they going to do. Well, then 0:15:00.760 --> 0:15:03.960 they have to fix that somehow. How can they fix that? Well, 0:15:04.000 --> 0:15:08.200 they fix that by putting gates and checkpoints in to 0:15:08.240 --> 0:15:10.720 slow it down. They ultimately don't want the money to 0:15:10.760 --> 0:15:12.920 move that fast, not from bank to bank anyway. And 0:15:12.960 --> 0:15:16.560 so now, well for transactions over one hundred thousand and 0:15:16.600 --> 0:15:18.360 those have to go through manual view, we're going to 0:15:18.440 --> 0:15:20.480 slow those down. And so at the end of the day, 0:15:20.520 --> 0:15:23.640 what it does is it sort of just introduces. 0:15:24.680 --> 0:15:26.960 It just introduces more control methods. 0:15:28.200 --> 0:15:31.080 But at the same time as they're fighting against, you know, 0:15:31.120 --> 0:15:33.560 the decentralized money like Bitcoin, trying to push their centralized 0:15:33.560 --> 0:15:35.480 money like a CBDC or in this case FED. Now 0:15:36.000 --> 0:15:38.720 we can see that it's really there's a there's a 0:15:38.760 --> 0:15:41.200 new case that's really exposing this. As a matter of fact, 0:15:41.720 --> 0:15:45.200 Kitlyn Long, who's a head of Custodia Bank, who I've 0:15:45.240 --> 0:15:47.080 also had on my show, and we have a podcast 0:15:47.080 --> 0:15:50.560 talking about this. So again search Caitlyn Long on the 0:15:50.560 --> 0:15:52.400 Mark Mas Show podcast and if you want to, if 0:15:52.400 --> 0:15:55.320 you want to check this out. But Custodia Bank had 0:15:55.320 --> 0:15:58.680 this bright idea of not doing a fractional reserve, and 0:15:58.720 --> 0:16:01.160 what that means is that instead of taking your money 0:16:01.200 --> 0:16:03.040 and then loaning it back out, they would actually hold 0:16:03.040 --> 0:16:05.640 your money, so anytime you wanted, you could go withdraw 0:16:05.680 --> 0:16:08.120 your money and it wouldn't collapse the bank. Sounds like 0:16:08.120 --> 0:16:11.800 a pretty good idea. And the Federal Reserve denied their 0:16:11.840 --> 0:16:15.720 banking charter denied it. Why well, they don't want anybody 0:16:15.760 --> 0:16:19.920 to do a full reserve bank. Why not because if 0:16:19.920 --> 0:16:22.440 there was a bank offering full reserve, then everybody would 0:16:22.480 --> 0:16:24.680 want that, and they would pull all their money from 0:16:24.680 --> 0:16:26.720 the fractional reserves and put it into full reserve, and 0:16:26.760 --> 0:16:30.400 it it would destroy the entire banking system. So of 0:16:30.400 --> 0:16:33.800 course they denied it. Well, Custodia has now filed a lawsuit, 0:16:33.800 --> 0:16:36.680 a groundbreaking lawsuit against the Federal Reserve. They filed that 0:16:36.680 --> 0:16:40.720 in June of twenty twenty two, and it is exposing 0:16:41.240 --> 0:16:44.000 this whole regime, which is pretty amazing. It's going to 0:16:44.040 --> 0:16:46.520 be interesting to watch that. Another thing I want to 0:16:46.520 --> 0:16:49.640 talk about quickly is that bitcoin has been on the move. 0:16:50.120 --> 0:16:52.200 And as much as bitcoin has been on the move, 0:16:52.360 --> 0:16:56.040 the bitcoin miners have been absolutely crushing it. As a 0:16:56.080 --> 0:16:58.720 matter of fact, Bitcoin is up in the last thirty 0:16:58.800 --> 0:17:02.920 days about twenty five percent, and at the same time, 0:17:02.960 --> 0:17:05.639 we've seen publicly traded bitcoin miners that have gone up 0:17:05.640 --> 0:17:10.240 by one hundred to two hundred and fifty percent, Riot 0:17:10.280 --> 0:17:12.280 Blockchains up one hundred and eighteen percent, hut Eights up 0:17:12.280 --> 0:17:14.200 one hundred and forty six percent, Mars up one hundred 0:17:14.240 --> 0:17:18.560 and twenty five percent. I mean we saw Core scientifics 0:17:18.600 --> 0:17:20.760 up two hundred and twenty five percent in the same 0:17:21.160 --> 0:17:25.280 thirty day period. Bitcoin's on the move. The free market 0:17:25.440 --> 0:17:29.600 is speaking, we don't want CBDCs, we want bitcoin money. 0:17:29.720 --> 0:17:32.320 The markets are voting, people are voting with their money. 0:17:33.119 --> 0:17:36.320 Hopefully at some point the powers that be will is 0:17:36.400 --> 0:17:38.639 recognize that we're in a democracy. Well, we're not a 0:17:38.720 --> 0:17:40.840 democracy in the republic, but the people have a voice, 0:17:40.920 --> 0:17:43.119 and this is they voice their opinion with their money, 0:17:43.240 --> 0:17:44.840 and that's the way it should go. If you're just 0:17:44.840 --> 0:17:46.840 tuned in, you're listening to the Mark mass Show, running 0:17:46.880 --> 0:17:49.240 through some of the latest breaking news headlines of this week, 0:17:49.400 --> 0:17:51.719 so you can understand how the world is changing right 0:17:51.720 --> 0:17:54.160 before you varize it more importantly, so you can navigate 0:17:54.200 --> 0:17:56.040 it properly. I got to take a very quick break, 0:17:56.040 --> 0:17:58.080 but I'll be back with more stories in a minute 0:17:58.520 --> 0:18:00.280 that you don't want to miss, So don't away. 0:18:00.320 --> 0:18:04.840 I'll bear back, all right, Welcome back. 0:18:04.840 --> 0:18:06.440 If you just tune in, you're listening to the Mark 0:18:06.520 --> 0:18:09.840 Moss Show, and we are talking about the decentralized revolution. 0:18:09.920 --> 0:18:11.440 Of course, each and every week we're running through some 0:18:11.480 --> 0:18:13.480 of the latest breaking news headlines so. 0:18:13.440 --> 0:18:14.879 You can understand what is going on. 0:18:14.960 --> 0:18:18.679 And you know, in this thesis of moving from you know, 0:18:18.880 --> 0:18:25.639 big globalized central planning, centralization globalization, moving towards this more smaller, 0:18:25.760 --> 0:18:29.440 decentralized world, it's important to look at it from a 0:18:29.480 --> 0:18:31.560 bunch of perspectives, in one of which is these like 0:18:31.760 --> 0:18:35.520 very large multinational corporations and companies. 0:18:36.800 --> 0:18:38.320 And it's interesting. 0:18:37.800 --> 0:18:41.280 Because on one hand, you see, you know, specifically in 0:18:41.280 --> 0:18:43.440 the United States, you see in the European Union as well, 0:18:43.680 --> 0:18:45.840 like the government's trying. 0:18:45.560 --> 0:18:48.000 To break up what they would call monopolies. 0:18:49.240 --> 0:18:51.639 And I talk about this because we just saw this 0:18:51.680 --> 0:18:54.200 week that Microsoft, who has been. 0:18:55.760 --> 0:18:58.680 You know, accused, h sued. 0:18:58.600 --> 0:19:01.639 Many times by the government for or having a monopoly, 0:19:02.880 --> 0:19:05.600 must suit again, you know, for have another monopoly. But 0:19:05.680 --> 0:19:09.159 this time Microsoft won, and it won its case against 0:19:09.160 --> 0:19:14.480 the FTC in a bid to buy Activision Blizzard. Now, 0:19:14.600 --> 0:19:17.040 Microsoft and Activision, you know, struck up a deal about 0:19:17.040 --> 0:19:19.800 eighteen months ago where Microsoft wanted to buy them out, 0:19:20.560 --> 0:19:22.680 and then the FTC came in and tried to break 0:19:22.720 --> 0:19:27.080 them down and prevent that from happening. What happened is 0:19:27.320 --> 0:19:31.520 a district Judge Jacqueline Scott Corley denied the FTC's request 0:19:31.520 --> 0:19:33.720 for an injunction, so the FTC tried to stop it 0:19:33.720 --> 0:19:36.600 from happening by fonn injunction. She said that the quote, 0:19:36.640 --> 0:19:39.440 the FTC has not shown it is likely to succeed 0:19:39.480 --> 0:19:42.920 on its assertion that combined firm will probably pull Call 0:19:42.920 --> 0:19:45.280 of Duty from Sony PlayStation, or that its ownership of 0:19:45.320 --> 0:19:48.560 Activision content will be substantially less competitive in the video game. 0:19:48.440 --> 0:19:50.280 Library, subscription and cloud gaming markets. 0:19:50.320 --> 0:19:53.639 So she said, look, sec, we don't think that this 0:19:53.800 --> 0:19:56.760 is true. What you're asserting to be true. We don't 0:19:56.760 --> 0:19:58.760 see that, and so we're going to just go ahead 0:19:58.760 --> 0:19:59.240 and pull this. 0:20:00.760 --> 0:20:01.040 Now. 0:20:01.280 --> 0:20:04.720