1 00:00:00,320 --> 00:00:03,440 Speaker 1: Could you imagine a world, well, a democracy that we 2 00:00:03,520 --> 00:00:06,960 Speaker 1: live in where your voice doesn't matter, where you have 3 00:00:07,080 --> 00:00:10,000 Speaker 1: people that are pushing things down your throat for total 4 00:00:10,000 --> 00:00:14,000 Speaker 1: control and surveillance against your best wishes. Well, that's exactly 5 00:00:14,040 --> 00:00:19,080 Speaker 1: what's happening right now with Elizabeth Warren in the US government, 6 00:00:19,320 --> 00:00:23,600 Speaker 1: pushing new policies to take away your freedom, to take 7 00:00:23,640 --> 00:00:27,200 Speaker 1: away your privacy, even though the democracy, the people are 8 00:00:27,240 --> 00:00:29,840 Speaker 1: standing up to it, stand up against it. As a 9 00:00:29,880 --> 00:00:32,000 Speaker 1: matter of fact, it has been debunked, it's been pushed back, 10 00:00:32,040 --> 00:00:36,199 Speaker 1: and there's even states passing laws to prevent this from happening, 11 00:00:36,240 --> 00:00:38,720 Speaker 1: to this overreach of your freedom. 12 00:00:39,520 --> 00:00:42,320 Speaker 2: But yet she doesn't care. We're going to break this down. 13 00:00:42,360 --> 00:00:44,520 Speaker 1: We're going to talk about what Elizabeth Warren is doing, 14 00:00:44,760 --> 00:00:47,760 Speaker 1: what new technology she's pushing, why she's pushing it, why 15 00:00:47,800 --> 00:00:51,000 Speaker 1: she's advocating, how she usually lies for this, what states 16 00:00:51,040 --> 00:00:53,640 Speaker 1: are doing to push back and try to protect you. 17 00:00:53,880 --> 00:00:55,920 Speaker 1: You want to make sure you're in those right states 18 00:00:56,000 --> 00:00:57,520 Speaker 1: and more. All right now, if you're just tuning in 19 00:00:57,520 --> 00:00:59,560 Speaker 1: you're listening to the Mark mass Show, We're talking about 20 00:00:59,560 --> 00:01:01,920 Speaker 1: the way that world is changing as we look at 21 00:01:01,960 --> 00:01:05,559 Speaker 1: through the lens of politics, finance, and technology, And today 22 00:01:05,600 --> 00:01:10,280 Speaker 1: we're talking about the intersection of all three of those. Politics, finance, 23 00:01:10,280 --> 00:01:12,959 Speaker 1: and technology. They're all coming together because at the end 24 00:01:12,959 --> 00:01:17,280 Speaker 1: of the day, it's technology that changes things, but it's 25 00:01:17,440 --> 00:01:21,120 Speaker 1: money that gives us freedom, right, because without money, you're 26 00:01:21,200 --> 00:01:22,840 Speaker 1: sort of a slave, You're like a wage slave. And 27 00:01:22,840 --> 00:01:25,360 Speaker 1: then of course it's politics that wants to control that, 28 00:01:25,760 --> 00:01:28,000 Speaker 1: and they use money as a way to control us. 29 00:01:28,200 --> 00:01:30,480 Speaker 1: And when I say money is like freedom, it's really 30 00:01:30,600 --> 00:01:33,640 Speaker 1: more about the freedom to transact, I mean, and just 31 00:01:33,720 --> 00:01:36,760 Speaker 1: having it overall. Right, if I if I don't have 32 00:01:36,840 --> 00:01:38,800 Speaker 1: any money, if I don't have a house to live in, 33 00:01:39,160 --> 00:01:41,840 Speaker 1: if I don't have the ability to buy food, I'm 34 00:01:41,840 --> 00:01:43,840 Speaker 1: sort of like a slave. I'm at the whims of 35 00:01:43,920 --> 00:01:46,440 Speaker 1: whoever will take care of me, whether that's the government 36 00:01:46,560 --> 00:01:50,520 Speaker 1: giving me welfare or whatever it may be. But even 37 00:01:50,520 --> 00:01:53,280 Speaker 1: more importantly, even if I have wealth, even if I 38 00:01:53,280 --> 00:01:55,760 Speaker 1: have a lot of wealth, but I'm not able to 39 00:01:55,880 --> 00:01:59,280 Speaker 1: freely transact, then I don't have freedom either. You see, 40 00:01:59,720 --> 00:02:02,720 Speaker 1: our institution guarantees us the freedom of assembly and the 41 00:02:02,720 --> 00:02:05,640 Speaker 1: freedom of speech and other things like that. But if 42 00:02:05,680 --> 00:02:08,480 Speaker 1: I don't have the ability to put gas in my truck, 43 00:02:08,520 --> 00:02:11,000 Speaker 1: how do I go assemble. I'm guaranteed to free assemble. 44 00:02:11,080 --> 00:02:13,440 Speaker 1: But how do I get there? If I can't pay 45 00:02:13,480 --> 00:02:13,760 Speaker 1: for food? 46 00:02:13,760 --> 00:02:14,200 Speaker 2: When I get there? 47 00:02:14,240 --> 00:02:15,320 Speaker 1: How do I go if I can't pay for a 48 00:02:15,360 --> 00:02:18,639 Speaker 1: hotel room? What do I do if I can't pay 49 00:02:18,639 --> 00:02:20,560 Speaker 1: in today's day and age, if I can't pay to 50 00:02:20,600 --> 00:02:22,640 Speaker 1: get a computer to go online or a phone to 51 00:02:22,680 --> 00:02:24,480 Speaker 1: go on Facebook or social media? How do I have 52 00:02:24,520 --> 00:02:27,320 Speaker 1: a voice? How do I freedom of speech? And so 53 00:02:27,400 --> 00:02:30,520 Speaker 1: it all starts with the freedom to transact, which is 54 00:02:30,520 --> 00:02:32,880 Speaker 1: why that's the attack factor. So let's talk about what 55 00:02:32,919 --> 00:02:35,880 Speaker 1: Elizabeth Warren is doing. I always kind of get a 56 00:02:36,080 --> 00:02:40,720 Speaker 1: chuckle about Elizabeth Warren just thinking about President Donald Trump, 57 00:02:40,760 --> 00:02:44,079 Speaker 1: the forty fifth president. He would call her Pocahontas. Always 58 00:02:44,080 --> 00:02:45,520 Speaker 1: got me a little chuckle. He was always good at 59 00:02:45,560 --> 00:02:48,079 Speaker 1: calling names, which obviously worked against him at some point 60 00:02:48,080 --> 00:02:50,880 Speaker 1: because he said mean things. I think, in today's day 61 00:02:50,880 --> 00:02:54,920 Speaker 1: and age, where we're facing nuclear war on three fronts, 62 00:02:55,440 --> 00:02:57,480 Speaker 1: a lot of people say that bring back those mean tweets, 63 00:02:57,560 --> 00:02:59,840 Speaker 1: But he would call them. He would call her Pokahontas 64 00:02:59,880 --> 00:03:03,760 Speaker 1: because she claims she was a Native American an Indian. 65 00:03:04,280 --> 00:03:06,960 Speaker 2: She claimed that, but it was a lie. 66 00:03:07,320 --> 00:03:09,840 Speaker 1: It was all a lie, so she used this for cloud. 67 00:03:09,919 --> 00:03:12,640 Speaker 1: She uses to go into this you know, minority group 68 00:03:12,680 --> 00:03:14,520 Speaker 1: of this woman minority group, so she can get to 69 00:03:14,720 --> 00:03:17,600 Speaker 1: this level of power. But it's all been debunked. She's 70 00:03:17,639 --> 00:03:20,560 Speaker 1: not an Indian so you called the pokemonas. Anyway, let's 71 00:03:20,560 --> 00:03:23,440 Speaker 1: talk about what she's doing. So she is going on 72 00:03:23,480 --> 00:03:27,720 Speaker 1: and on and on about taking away your financial privacy 73 00:03:27,760 --> 00:03:32,080 Speaker 1: and your financial freedom through the use of CBDC central 74 00:03:32,120 --> 00:03:34,920 Speaker 1: bank digital currencies. Now you should know about this if 75 00:03:34,920 --> 00:03:36,520 Speaker 1: you've been listening to me at all, because it's something 76 00:03:36,560 --> 00:03:38,560 Speaker 1: I talk about quite a bit. Let me play this 77 00:03:38,720 --> 00:03:41,280 Speaker 1: clip right here. We'll set up the context and then 78 00:03:41,280 --> 00:03:44,400 Speaker 1: we'll dig into exactly what is going on here. 79 00:03:44,680 --> 00:03:49,800 Speaker 3: Not that banks do wrong. If you think we could 80 00:03:49,800 --> 00:03:53,240 Speaker 3: improve that in a digital world, the answer is sure 81 00:03:53,280 --> 00:03:55,800 Speaker 3: you could. But in that case, let's do a central 82 00:03:55,840 --> 00:03:59,200 Speaker 3: bank digital currency. Are you there, oh, for a central 83 00:03:59,200 --> 00:04:02,120 Speaker 3: bank digital current? Yes, I think it's time for us 84 00:04:02,200 --> 00:04:02,840 Speaker 3: to say. 85 00:04:02,640 --> 00:04:05,040 Speaker 4: Essentially, because we're you know, the thing is where you 86 00:04:05,080 --> 00:04:07,880 Speaker 4: look at every piece of paper currency we issue, not 87 00:04:07,960 --> 00:04:10,680 Speaker 4: with coins, but every paper currency has its own identity, 88 00:04:11,440 --> 00:04:16,280 Speaker 4: So essentially we're prepared for the blockchain. Now with currency. 89 00:04:16,400 --> 00:04:17,680 Speaker 4: Should that be how we build this. 90 00:04:18,200 --> 00:04:21,520 Speaker 3: So I think of it as, again, what's the problem 91 00:04:21,600 --> 00:04:24,480 Speaker 3: you're trying to solve. And if the problem you're trying 92 00:04:24,520 --> 00:04:30,680 Speaker 3: to solve is fast, almost frictionless, ability to send money 93 00:04:31,279 --> 00:04:35,120 Speaker 3: across the country, do it rapidly, send it around the world, 94 00:04:35,400 --> 00:04:38,360 Speaker 3: be able to send it to your cousins in Argentina. 95 00:04:39,040 --> 00:04:41,279 Speaker 3: If that's what you're trying to solve. A central bank 96 00:04:41,360 --> 00:04:42,520 Speaker 3: digital currency does that. 97 00:04:43,240 --> 00:04:45,880 Speaker 1: And all right, I'm going to pause it right there, 98 00:04:46,040 --> 00:04:47,880 Speaker 1: and let's just talk about what she just said there. 99 00:04:47,920 --> 00:04:48,400 Speaker 2: So, first of. 100 00:04:48,400 --> 00:04:52,040 Speaker 1: All, Pocahontas Elizabeth Warren here, just so you know, she's 101 00:04:52,080 --> 00:04:53,800 Speaker 1: seventy four years old. 102 00:04:54,040 --> 00:04:54,640 Speaker 2: Seventy four. 103 00:04:55,160 --> 00:04:59,000 Speaker 1: I'm guessing your grandparents are probably not the most up 104 00:04:59,000 --> 00:05:01,279 Speaker 1: to date on technology. No offense to people, seventy four. 105 00:05:02,600 --> 00:05:04,320 Speaker 1: But let's just put that in the record. 106 00:05:04,320 --> 00:05:06,159 Speaker 2: Now. Let's go back to what she just said there. 107 00:05:06,200 --> 00:05:10,720 Speaker 1: So, first of all, the interviewer here asked her, this 108 00:05:10,800 --> 00:05:14,800 Speaker 1: is this is from a clip that she did just recently. 109 00:05:14,800 --> 00:05:17,719 Speaker 1: Any asked her, are you there with a central bank 110 00:05:17,800 --> 00:05:20,400 Speaker 1: digital currency? She said, yes, absolutely, I'm there. Hot, She's 111 00:05:20,440 --> 00:05:23,160 Speaker 1: like laughing, almost giddy. Well, what's interesting about that is 112 00:05:23,200 --> 00:05:24,800 Speaker 1: the American people aren't as a matter of fact, the 113 00:05:24,800 --> 00:05:26,719 Speaker 1: American people object. We're going to come back to some 114 00:05:26,760 --> 00:05:28,440 Speaker 1: of the statistics on this. Of the polls that have 115 00:05:28,440 --> 00:05:31,320 Speaker 1: been done, several states have actually passed laws to prevent it. 116 00:05:31,400 --> 00:05:34,320 Speaker 1: So for her to like laugh giddingly like yeah. 117 00:05:34,160 --> 00:05:35,800 Speaker 2: Yeah, we're four before we I'm there, I'm there, I'm. 118 00:05:35,640 --> 00:05:39,640 Speaker 1: There, Like, aren't you supposed to be up holding the 119 00:05:39,640 --> 00:05:41,560 Speaker 1: democracy with the will of the people is? And I 120 00:05:41,560 --> 00:05:43,480 Speaker 1: get I get it. We're not a democracy, the constitucial republic. 121 00:05:43,520 --> 00:05:45,120 Speaker 1: I get that, But the point is is not what 122 00:05:45,160 --> 00:05:47,200 Speaker 1: the people want. But yet she's there. But let's go 123 00:05:47,279 --> 00:05:49,600 Speaker 1: back to what she was saying right here, if you 124 00:05:49,680 --> 00:05:52,320 Speaker 1: look at the problem we're trying to solve, That's what 125 00:05:52,400 --> 00:05:54,040 Speaker 1: she said. If you're looking at the problem're trying to solve, 126 00:05:54,080 --> 00:05:58,200 Speaker 1: so you understand that solutions are supposed to come to problems, right, 127 00:05:58,279 --> 00:05:59,960 Speaker 1: So she's saying, what are the problem'm solved? So she 128 00:06:00,000 --> 00:06:02,719 Speaker 1: she's approaching that right. But what she got wrong is 129 00:06:02,760 --> 00:06:06,440 Speaker 1: the solution or the problem we're trying to solve. She said, 130 00:06:06,440 --> 00:06:11,240 Speaker 1: if you're wanting to have a faster money, the world 131 00:06:11,279 --> 00:06:14,200 Speaker 1: doesn't need a faster money. The world already has a 132 00:06:14,240 --> 00:06:15,760 Speaker 1: pretty fast money. As a matter of fact, we can 133 00:06:15,760 --> 00:06:17,280 Speaker 1: go anywhere in the world. We can send money as 134 00:06:17,279 --> 00:06:19,760 Speaker 1: fast as we want. We can go any story we want. 135 00:06:20,080 --> 00:06:22,599 Speaker 1: Put our credit card in our debit card, whatever we have, 136 00:06:22,720 --> 00:06:26,280 Speaker 1: mopapalt like. The world doesn't need faster money. If that 137 00:06:26,400 --> 00:06:29,120 Speaker 1: money moves instead of me waiting at the store, you know, 138 00:06:29,200 --> 00:06:31,240 Speaker 1: for what thirty seconds for the credit card thing, if 139 00:06:31,240 --> 00:06:32,920 Speaker 1: it goes into twenty seconds, does that. 140 00:06:32,920 --> 00:06:33,840 Speaker 2: Make it better? 141 00:06:34,600 --> 00:06:37,600 Speaker 1: Does the world magically improve if we fix that problem? 142 00:06:37,680 --> 00:06:39,920 Speaker 1: Is that the biggest problem we're trying to solve. No, no, no, no, 143 00:06:40,480 --> 00:06:43,080 Speaker 1: what's the problem we're trying to solve. The problem we're 144 00:06:43,120 --> 00:06:46,440 Speaker 1: trying to solve is we have a massive inflation, never 145 00:06:46,560 --> 00:06:50,880 Speaker 1: ending inflation, permanent and intentional inflation because the money supply 146 00:06:51,080 --> 00:06:54,560 Speaker 1: continues to expand the government continues to print money. 147 00:06:54,880 --> 00:06:55,640 Speaker 2: That's a problem. 148 00:06:56,080 --> 00:06:58,040 Speaker 1: Inflation is a problem. The FED says they're trying to 149 00:06:58,080 --> 00:06:59,560 Speaker 1: solve it, but they can't solve it because they're the 150 00:06:59,560 --> 00:07:02,200 Speaker 1: ones that cre we eate it. They're the arsonists trying 151 00:07:02,240 --> 00:07:06,000 Speaker 1: to be the fireman. So we have this never ending inflation. 152 00:07:06,080 --> 00:07:09,159 Speaker 1: It's permanent and intentional because of the monetary supply. That's 153 00:07:09,160 --> 00:07:11,600 Speaker 1: a problem. So how would we solve that, we need 154 00:07:11,640 --> 00:07:15,920 Speaker 1: a fixed supply. We have another problem that is censorship. 155 00:07:16,040 --> 00:07:18,320 Speaker 1: They want to censor transactions. They want to say who 156 00:07:18,400 --> 00:07:21,760 Speaker 1: can and cannot pay? Take away your freedom through freedom 157 00:07:21,760 --> 00:07:24,200 Speaker 1: to transact. That's a problem. So we need something that's 158 00:07:24,200 --> 00:07:27,360 Speaker 1: censorship resistant. The other problem is that two billion adults 159 00:07:27,400 --> 00:07:30,000 Speaker 1: in the world, so they have no access to banking 160 00:07:30,400 --> 00:07:33,960 Speaker 1: because they don't have permission to join. So we need 161 00:07:33,960 --> 00:07:38,080 Speaker 1: something that's permission lists. We have problem with borders. Each 162 00:07:38,120 --> 00:07:40,680 Speaker 1: country has their own laws, rules, regulations. We need sometimes 163 00:07:40,680 --> 00:07:43,280 Speaker 1: that's bordered list. Those are the problems we're trying to solve. 164 00:07:43,480 --> 00:07:46,720 Speaker 1: CBDCs don't solve any of those problems. So she's got 165 00:07:46,720 --> 00:07:49,200 Speaker 1: it completely wrong, but you know, don't fault her. She's old, 166 00:07:49,200 --> 00:07:50,480 Speaker 1: she doesn't understand what she's talking about. 167 00:07:50,560 --> 00:07:51,240 Speaker 2: Let's hear the rest. 168 00:07:51,840 --> 00:07:53,680 Speaker 3: You don't really need a stable coin for that. You've 169 00:07:53,680 --> 00:07:57,440 Speaker 3: already got a dollar denominated. You don't really need a 170 00:07:57,440 --> 00:07:59,680 Speaker 3: bitcoin to be able to get So then the question, 171 00:08:01,200 --> 00:08:04,040 Speaker 3: so what is it that the bitcoin? What problem is 172 00:08:04,080 --> 00:08:06,760 Speaker 3: it solving for? And now we get into a very 173 00:08:06,800 --> 00:08:07,640 Speaker 3: different space. 174 00:08:08,520 --> 00:08:11,600 Speaker 1: So now she says, so what problem is bitcoin solving? Well, 175 00:08:11,640 --> 00:08:15,600 Speaker 1: I just laid them out for you permissionless money, censorship 176 00:08:15,680 --> 00:08:22,720 Speaker 1: resistant money, immutable money, fixed, limited supply money, decentralized so 177 00:08:22,800 --> 00:08:25,840 Speaker 1: nobody can control it, no human, no man can corrupt it. 178 00:08:25,920 --> 00:08:27,320 Speaker 2: That's what we need. Now, I get it. She doesn't 179 00:08:27,400 --> 00:08:28,240 Speaker 2: understand this. 180 00:08:29,080 --> 00:08:31,680 Speaker 1: But actually that's not the problem. We're gonna dig more 181 00:08:31,680 --> 00:08:33,520 Speaker 1: into her policy and we're gonna talk about this new 182 00:08:33,520 --> 00:08:38,120 Speaker 1: bill that she just put forward that has massive implications 183 00:08:38,160 --> 00:08:41,480 Speaker 1: for your wealth and your freedom, and it shows she 184 00:08:41,640 --> 00:08:44,560 Speaker 1: does know what problem bitcoin is solving. She does get it, 185 00:08:44,600 --> 00:08:46,560 Speaker 1: and you'll understand that when we talk about the bill 186 00:08:46,600 --> 00:08:49,240 Speaker 1: that she's trying to put forth. What she's trying to 187 00:08:49,280 --> 00:08:52,120 Speaker 1: do is make sure you don't have the freedom you want. 188 00:08:52,320 --> 00:08:54,880 Speaker 1: And her let's call it regime, it's not even going 189 00:08:54,920 --> 00:08:58,240 Speaker 1: to be there for much longer, has total power and control. 190 00:08:58,240 --> 00:09:00,720 Speaker 1: If you're just tuning in listening to the Markomash talking 191 00:09:00,720 --> 00:09:02,200 Speaker 1: about the way the world is changing as we look 192 00:09:02,200 --> 00:09:04,480 Speaker 1: at through the lints of politics of finance and technology, 193 00:09:04,480 --> 00:09:05,800 Speaker 1: I got a lot more to cover when I come back. 194 00:09:05,880 --> 00:09:08,679 Speaker 2: Don't go away. I'll be right back, all right, Welcome back. 195 00:09:08,720 --> 00:09:10,640 Speaker 1: If you're just tune in, you're listening to the Marcomas Show. 196 00:09:10,640 --> 00:09:16,200 Speaker 1: We're talking about Elizabeth Warren and her anti crypto, anti freedom, 197 00:09:16,440 --> 00:09:20,640 Speaker 1: anti human policies that she's been running and a new 198 00:09:20,720 --> 00:09:23,560 Speaker 1: bill that she just put forward this week that is 199 00:09:24,520 --> 00:09:28,880 Speaker 1: one of the most egregious in taking away your financial privacy, 200 00:09:28,960 --> 00:09:33,640 Speaker 1: your financial freedom, and your wealth. She is literally running 201 00:09:34,120 --> 00:09:37,720 Speaker 1: in the land of the free, one of the highest 202 00:09:37,800 --> 00:09:40,720 Speaker 1: ranking members of government. I when I say highest ranking, 203 00:09:41,080 --> 00:09:43,520 Speaker 1: one of the ones with the most power in control 204 00:09:43,600 --> 00:09:46,400 Speaker 1: of the most things, specifically in the financial industry, and 205 00:09:46,440 --> 00:09:49,959 Speaker 1: she is literally on a campaign to take away your 206 00:09:50,000 --> 00:09:51,439 Speaker 1: freedom in the land of the free. 207 00:09:51,760 --> 00:09:52,559 Speaker 2: How does this work. 208 00:09:52,640 --> 00:09:56,559 Speaker 1: She's running on an anti freedom, an anti crypto campaign. 209 00:09:56,600 --> 00:10:00,360 Speaker 2: I asked Chad Gbt. I said, digipt, can. 210 00:10:00,240 --> 00:10:03,040 Speaker 1: You tell me the last time or anytime in history 211 00:10:03,080 --> 00:10:05,120 Speaker 1: that somebody in America has run on a campaign of 212 00:10:05,160 --> 00:10:08,960 Speaker 1: taking away things from people, taking away rights, taking away 213 00:10:09,000 --> 00:10:10,679 Speaker 1: freedoms to people? And I said, no, I can't think 214 00:10:10,679 --> 00:10:12,600 Speaker 1: of that. Why would somebody ever do that? This is 215 00:10:12,679 --> 00:10:17,160 Speaker 1: America right exactly now. She's saying, she says, quote, I'm 216 00:10:17,200 --> 00:10:19,280 Speaker 1: in this fight to put our government on the side 217 00:10:19,360 --> 00:10:24,400 Speaker 1: of working families end quote. Really the working families who 218 00:10:24,400 --> 00:10:27,000 Speaker 1: had all their jobs shipped offshore and they have no 219 00:10:27,000 --> 00:10:31,840 Speaker 1: middle class the working families who saw their pay not 220 00:10:32,040 --> 00:10:35,720 Speaker 1: keep up with inflation, The working families who can't work 221 00:10:35,800 --> 00:10:37,720 Speaker 1: on one income any more than I have to work too, 222 00:10:38,040 --> 00:10:41,319 Speaker 1: The working families who saw inflation go up so fast 223 00:10:41,360 --> 00:10:44,160 Speaker 1: they had to work an extra ten hours per month 224 00:10:44,600 --> 00:10:47,240 Speaker 1: just to have the same working families that you took 225 00:10:47,280 --> 00:10:49,920 Speaker 1: away their energy and now they can't afford to drive 226 00:10:50,080 --> 00:10:53,360 Speaker 1: or travel as much. Those working families. You're in this 227 00:10:53,400 --> 00:10:54,960 Speaker 1: fight to put the government on the side of them, 228 00:10:55,200 --> 00:10:57,080 Speaker 1: You mean the government that's doing that to them. 229 00:10:57,480 --> 00:10:58,959 Speaker 2: You mean taking. 230 00:10:58,600 --> 00:11:02,200 Speaker 1: Away these working families ability to hold wealth in a 231 00:11:02,200 --> 00:11:03,880 Speaker 1: way that you can't steal from them. 232 00:11:04,000 --> 00:11:08,000 Speaker 2: That's the side. That's the side. 233 00:11:08,840 --> 00:11:12,040 Speaker 1: She said that it's only bitcoin and cryptocurci's only for 234 00:11:12,200 --> 00:11:16,000 Speaker 1: rogue nations, drug lords, and human traffickers using digital assets 235 00:11:16,000 --> 00:11:21,240 Speaker 1: to launder billions in stolen funds. Okay, really, that's what 236 00:11:21,280 --> 00:11:25,480 Speaker 1: they're using to launder billions. That's factually false. What they 237 00:11:25,559 --> 00:11:28,320 Speaker 1: use is cash. What they use is dollars. 238 00:11:28,640 --> 00:11:29,720 Speaker 2: You see, human. 239 00:11:29,520 --> 00:11:35,200 Speaker 1: Traffickers, drug lords, they use dollars, and our government obliges 240 00:11:35,200 --> 00:11:37,200 Speaker 1: by sending them to them. As a matter of fact, 241 00:11:37,200 --> 00:11:40,600 Speaker 1: you're probably well aware of Obama sending pallets of cash 242 00:11:40,880 --> 00:11:45,560 Speaker 1: to Iran. I have first hand information. Somebody in my 243 00:11:45,600 --> 00:11:49,880 Speaker 1: coaching program works with the Treasury and the Treasury right now, 244 00:11:49,920 --> 00:11:55,280 Speaker 1: the US Treasury is building three new dollar printing facilities 245 00:11:55,320 --> 00:11:58,760 Speaker 1: in the United States right next to airports, so they 246 00:11:58,800 --> 00:12:02,240 Speaker 1: can ship the dollars on fresh dollars on pallets out 247 00:12:02,280 --> 00:12:04,920 Speaker 1: to these other countries. Where do you think those dollars 248 00:12:05,160 --> 00:12:09,440 Speaker 1: end up? In human traffickers and in drug lords and 249 00:12:09,520 --> 00:12:12,800 Speaker 1: other things. You've seen the stories of the Colombian cartels 250 00:12:12,840 --> 00:12:16,360 Speaker 1: with pallets of cash stacked up. It's dollars that are 251 00:12:16,440 --> 00:12:17,840 Speaker 1: used for those things. But you know what else are 252 00:12:17,880 --> 00:12:20,760 Speaker 1: used for drug lords and human traffickers and roge nations. 253 00:12:22,200 --> 00:12:22,360 Speaker 3: Uh. 254 00:12:22,840 --> 00:12:26,280 Speaker 1: Phones, They use phones, they use the internet, They use cars, 255 00:12:26,320 --> 00:12:29,439 Speaker 1: they drive, They probably eat food, they probably drink water. 256 00:12:29,920 --> 00:12:32,120 Speaker 1: You see how ridiculous that seems. So we should take 257 00:12:32,120 --> 00:12:34,240 Speaker 1: away everything that they use. We should probably take away 258 00:12:34,240 --> 00:12:36,040 Speaker 1: a way the dollar. But let's keep going, and let's 259 00:12:36,040 --> 00:12:38,839 Speaker 1: talk about what she's doing here. So she is again 260 00:12:38,920 --> 00:12:41,920 Speaker 1: trying to pass these laws to just take your take 261 00:12:42,040 --> 00:12:46,680 Speaker 1: take your freedom away, your freedom to transact, your freedom 262 00:12:46,720 --> 00:12:49,120 Speaker 1: to store your wealth in a way that they can't debase, 263 00:12:49,520 --> 00:12:51,760 Speaker 1: in a way that they can't steal from you. And 264 00:12:51,800 --> 00:12:54,280 Speaker 1: of course they're using she's using all types of fear 265 00:12:54,360 --> 00:12:56,160 Speaker 1: mongering to do this, like if you don't, if you 266 00:12:56,160 --> 00:12:58,520 Speaker 1: don't let us take away your freedom to store your wealth, 267 00:12:58,679 --> 00:13:02,040 Speaker 1: then you know your kids could die and terrorism and drugs. 268 00:13:02,440 --> 00:13:07,040 Speaker 2: Well, okay, then again all this is false. 269 00:13:07,400 --> 00:13:11,240 Speaker 1: Now let's talk about the specific bill that she's put 270 00:13:11,320 --> 00:13:13,240 Speaker 1: forth here right now and what she's trying to do. 271 00:13:13,320 --> 00:13:15,520 Speaker 1: So first let's talk about the Central bank digital currency. 272 00:13:16,000 --> 00:13:18,480 Speaker 1: So es central Bank digital currency. I've covered this a lot, 273 00:13:18,480 --> 00:13:19,760 Speaker 1: so I don't want to dig in super deep, but 274 00:13:19,800 --> 00:13:22,679 Speaker 1: it's basically a new digital form of money. But it's 275 00:13:22,720 --> 00:13:25,720 Speaker 1: not decentralized, so it's not like a cryptocurrency. It's not decentralized. 276 00:13:25,760 --> 00:13:27,520 Speaker 1: It is controlled. It's just issued sort of like the 277 00:13:27,559 --> 00:13:30,880 Speaker 1: dollars that we have today, and it's controlled by the bank. 278 00:13:31,160 --> 00:13:33,640 Speaker 1: But the difference of what we have today versus what 279 00:13:33,720 --> 00:13:36,200 Speaker 1: they want to do Essential Bank digital currency is that 280 00:13:36,320 --> 00:13:39,920 Speaker 1: essential by digital currency is programmable. So what does that 281 00:13:40,000 --> 00:13:42,560 Speaker 1: mean right now? Of course, the government can freeze your 282 00:13:42,559 --> 00:13:45,000 Speaker 1: bank accounts, they can seize your bank accounts, they can 283 00:13:45,120 --> 00:13:46,960 Speaker 1: you know, get your financial records from your bank, your 284 00:13:47,000 --> 00:13:50,360 Speaker 1: credit card companies, and things like that. But it's very reactionary. 285 00:13:50,400 --> 00:13:51,960 Speaker 1: As a matter of fact, if the government wanted to 286 00:13:51,960 --> 00:13:53,559 Speaker 1: get you know, all your financial records, it would be 287 00:13:53,679 --> 00:13:57,040 Speaker 1: very labors and be very cumbersome. They'd have to get 288 00:13:57,720 --> 00:14:00,920 Speaker 1: you know, those pesky court order to allow them to 289 00:14:01,000 --> 00:14:02,360 Speaker 1: infringe on your privacy. 290 00:14:02,640 --> 00:14:03,880 Speaker 2: It would take a long time. 291 00:14:03,679 --> 00:14:06,160 Speaker 1: To build that case against you or whatever. But see 292 00:14:06,320 --> 00:14:10,560 Speaker 1: with a CBDCs, it's like they're fighting pre crime, right, 293 00:14:10,600 --> 00:14:13,280 Speaker 1: So they're preemptive. They're programmable, so they could just build 294 00:14:13,280 --> 00:14:16,440 Speaker 1: in all types of programs into this. So for example, 295 00:14:17,360 --> 00:14:19,000 Speaker 1: we're trying to stimulate the economy. We need people to 296 00:14:19,000 --> 00:14:20,880 Speaker 1: spend more money. So if you don't spend your money 297 00:14:20,920 --> 00:14:23,400 Speaker 1: by Friday, it comes back to us. You lose your money. 298 00:14:23,560 --> 00:14:26,480 Speaker 1: Or you know, we're trying to reduce the carbon here 299 00:14:26,520 --> 00:14:29,160 Speaker 1: in the unice Here in California, there's a thirty percent 300 00:14:29,320 --> 00:14:31,960 Speaker 1: tax on pork because it's bad for the environment. So 301 00:14:32,000 --> 00:14:33,840 Speaker 1: they just say, hey, from now on, anything you buy 302 00:14:33,880 --> 00:14:37,800 Speaker 1: that's related to you know, red meat or pork, there's 303 00:14:37,880 --> 00:14:40,640 Speaker 1: we're just gonna charge you extra, or you can only 304 00:14:40,720 --> 00:14:43,160 Speaker 1: buy so much red meat or pork, and then after 305 00:14:43,200 --> 00:14:47,040 Speaker 1: that you can't spend your money on that anymore. Hey, 306 00:14:47,040 --> 00:14:49,680 Speaker 1: nothing good happens after midnight, so your money just doesn't 307 00:14:49,680 --> 00:14:50,480 Speaker 1: work after midnight. 308 00:14:51,080 --> 00:14:52,640 Speaker 2: Hey, this protected group. 309 00:14:52,400 --> 00:14:55,840 Speaker 1: You know, women, gay, black, whatever it is, you're gonna 310 00:14:55,840 --> 00:14:58,680 Speaker 1: get reparations, or you're gonna get this preferential treatment, this 311 00:14:58,800 --> 00:15:01,640 Speaker 1: extra income or in. But this other group here, you're 312 00:15:01,680 --> 00:15:04,640 Speaker 1: saving too much money or whatever, white males, We're going 313 00:15:04,720 --> 00:15:07,440 Speaker 1: to take money away from you. It sounds ridiculous, but 314 00:15:07,480 --> 00:15:09,240 Speaker 1: this is exactly what it opens up. 315 00:15:09,120 --> 00:15:09,600 Speaker 2: The door to. 316 00:15:10,920 --> 00:15:14,800 Speaker 1: They want to be able to preemptively control you through 317 00:15:14,840 --> 00:15:17,640 Speaker 1: your money without having to go through this, like I said, 318 00:15:17,640 --> 00:15:19,320 Speaker 1: cumbers and task of having to go through the court 319 00:15:19,360 --> 00:15:21,880 Speaker 1: and getting court orders and try to somehow evade and 320 00:15:21,920 --> 00:15:25,800 Speaker 1: get around the constitutions and things like that. Now that's 321 00:15:25,800 --> 00:15:28,560 Speaker 1: why when you look at what she's doing and she says, 322 00:15:28,640 --> 00:15:32,240 Speaker 1: what problem does bitcoin solve? All bitcoin does is allow 323 00:15:32,400 --> 00:15:37,280 Speaker 1: for illegal activities. Well, illegal activities are anything they don't 324 00:15:37,600 --> 00:15:41,880 Speaker 1: want you to do, and technically, anything that they don't 325 00:15:41,960 --> 00:15:44,240 Speaker 1: want you to do, they don't have to be illegal. 326 00:15:44,600 --> 00:15:45,680 Speaker 2: And this really goes. 327 00:15:45,520 --> 00:15:48,120 Speaker 1: Into this whole Operation Chuck point and Operation choke point 328 00:15:48,160 --> 00:15:50,880 Speaker 1: two point zero. But we know that the Obama administration 329 00:15:51,080 --> 00:15:53,560 Speaker 1: and lowest Learner, head of the IRS, had to step 330 00:15:53,600 --> 00:15:57,920 Speaker 1: down and resign because she weaponized the IRS against nonprofits, 331 00:15:57,920 --> 00:16:01,920 Speaker 1: specifically conservative nonprofits. All right, and we also know that 332 00:16:01,960 --> 00:16:06,160 Speaker 1: the banking system has been weaponized and has rejected banking 333 00:16:06,320 --> 00:16:12,000 Speaker 1: and credit cards to legally recognized businesses that they don't like. Now, 334 00:16:12,160 --> 00:16:15,720 Speaker 1: these might be you know, the taboo let's just say, 335 00:16:16,640 --> 00:16:20,520 Speaker 1: you know, potentially you know, pornography companies only fans, things 336 00:16:20,520 --> 00:16:24,280 Speaker 1: like that, but even like drug stores, you know, like pharmacies, 337 00:16:24,400 --> 00:16:28,760 Speaker 1: but also like hunting stores where let's sell guns. So 338 00:16:28,960 --> 00:16:31,600 Speaker 1: you have guns, and they're taking away their ability to 339 00:16:31,640 --> 00:16:35,200 Speaker 1: have banking and credit cards even though they're legal. 340 00:16:35,080 --> 00:16:36,840 Speaker 2: Businesses in this country. 341 00:16:37,040 --> 00:16:39,720 Speaker 1: So you see, it's not about passing laws. It's anything 342 00:16:39,840 --> 00:16:44,000 Speaker 1: they don't want and so that's illegal anything that's associated 343 00:16:44,040 --> 00:16:47,120 Speaker 1: with anything they don't like, and they want to be 344 00:16:47,120 --> 00:16:49,000 Speaker 1: able to have control over that. So this is what 345 00:16:49,040 --> 00:16:49,440 Speaker 1: she's saying. 346 00:16:49,440 --> 00:16:51,880 Speaker 2: This is the word. What problem does bitcoin solve? Well, 347 00:16:51,920 --> 00:16:52,760 Speaker 2: it solves that. 348 00:16:54,280 --> 00:16:57,760 Speaker 1: It solves me not having to have permission to be 349 00:16:57,800 --> 00:17:00,480 Speaker 1: able to use my money. It solves me not having 350 00:17:00,520 --> 00:17:03,640 Speaker 1: to be able to have them steal that money from me. 351 00:17:04,240 --> 00:17:06,960 Speaker 2: All right, Now, this world has changed. 352 00:17:06,960 --> 00:17:09,160 Speaker 1: We talk about the government printing massive amounts of money 353 00:17:09,160 --> 00:17:10,199 Speaker 1: and protecting ourselves from that. 354 00:17:11,359 --> 00:17:13,440 Speaker 2: Just this week, the Fed pivot is here. 355 00:17:13,600 --> 00:17:16,159 Speaker 1: They're about to print an unlimited amount of money and 356 00:17:16,240 --> 00:17:18,399 Speaker 1: ungodly amount of money next year, and there is a 357 00:17:18,520 --> 00:17:20,560 Speaker 1: going to be a reverse market crash that has been 358 00:17:20,600 --> 00:17:22,520 Speaker 1: calling it. I'm doing a whole live presentation. We're going 359 00:17:22,560 --> 00:17:23,920 Speaker 1: to break this down for you. I'm going to show 360 00:17:23,920 --> 00:17:25,680 Speaker 1: you all the charts. If you want to come hang 361 00:17:25,720 --> 00:17:28,160 Speaker 1: out on this free presentation and see all these charts 362 00:17:28,240 --> 00:17:30,040 Speaker 1: and do a live Q and A with me, check 363 00:17:30,080 --> 00:17:32,680 Speaker 1: it out. Go to go dot one, Markmoss dot com, 364 00:17:32,800 --> 00:17:36,040 Speaker 1: Go dot one, Markmoss dot com slash reverse if you 365 00:17:36,080 --> 00:17:38,440 Speaker 1: want to check that out. But I have a whole 366 00:17:38,440 --> 00:17:40,240 Speaker 1: lot more to cover with what she's doing. I want 367 00:17:40,240 --> 00:17:42,359 Speaker 1: to Elizabeth Warren is doing. I want to talk about 368 00:17:42,359 --> 00:17:46,240 Speaker 1: the specific bill that she put forth right now and 369 00:17:46,320 --> 00:17:48,639 Speaker 1: how dangerous this is and what you can do about it. 370 00:17:48,640 --> 00:17:50,600 Speaker 2: So don't go away. I'll be right back, all right, 371 00:17:50,600 --> 00:17:51,000 Speaker 2: welcome back. 372 00:17:51,000 --> 00:17:52,560 Speaker 1: If you just tune in, you're listening to the Mark 373 00:17:52,600 --> 00:17:56,280 Speaker 1: mass Show. We're talking about Elizabeth Warren on the rampage 374 00:17:56,320 --> 00:18:00,240 Speaker 1: to take away your freedoms, your freedom to transact your 375 00:18:00,600 --> 00:18:04,520 Speaker 1: freedom to store wealth and your freedom to choose trying 376 00:18:04,560 --> 00:18:05,520 Speaker 1: to pass laws. 377 00:18:05,280 --> 00:18:05,679 Speaker 2: To do that. 378 00:18:05,800 --> 00:18:08,320 Speaker 1: Now, let's talk about some of the specific things that 379 00:18:08,359 --> 00:18:12,120 Speaker 1: she's doing. So we played an interview where she's laughing, giddy, haha. Yes, 380 00:18:12,200 --> 00:18:15,400 Speaker 1: we need cbdc's I'm ready, let's do it, and let's 381 00:18:15,440 --> 00:18:20,560 Speaker 1: take away the people's money of bitcoin and cryptocurrencies. All right, 382 00:18:20,600 --> 00:18:22,520 Speaker 1: this is what she's doing now. I talked about this 383 00:18:22,720 --> 00:18:27,840 Speaker 1: when I played that interview clip earlier. How absurd, not. 384 00:18:27,720 --> 00:18:30,080 Speaker 2: Just absurd, but how contradictory. 385 00:18:30,200 --> 00:18:33,760 Speaker 1: This is when we live in a constitutional republic. We 386 00:18:33,800 --> 00:18:35,600 Speaker 1: want to call it democracy whatever it is, where the 387 00:18:35,640 --> 00:18:38,600 Speaker 1: will of the people, where the government is of the 388 00:18:38,680 --> 00:18:41,720 Speaker 1: people by the people. See, the government is of the people, 389 00:18:41,760 --> 00:18:45,560 Speaker 1: by the people. Elizabeth Warren and her elite crew want 390 00:18:45,560 --> 00:18:48,400 Speaker 1: to be elite crew, let's call them that. They do 391 00:18:48,480 --> 00:18:51,600 Speaker 1: not rule us. They're not kings, she's not a queen. 392 00:18:52,560 --> 00:18:56,400 Speaker 1: She is there as a representative of what the people want. 393 00:18:56,440 --> 00:18:59,800 Speaker 1: A government of the people, by the people, for the people. 394 00:19:00,080 --> 00:19:02,600 Speaker 1: So the people have a voice of what we want, 395 00:19:02,640 --> 00:19:06,280 Speaker 1: and the people have spoken that people do not want 396 00:19:06,280 --> 00:19:09,560 Speaker 1: a CBDC. The people will do anything they can to 397 00:19:09,680 --> 00:19:12,080 Speaker 1: prevent a CBDC. But yet she's still trying to ram 398 00:19:12,160 --> 00:19:12,800 Speaker 1: it through your throat. 399 00:19:14,119 --> 00:19:15,199 Speaker 2: Who is she? 400 00:19:15,200 --> 00:19:17,560 Speaker 1: She is no king or queen, she is no ruler, 401 00:19:17,640 --> 00:19:19,840 Speaker 1: she is no elite. She is only there to do 402 00:19:19,920 --> 00:19:22,679 Speaker 1: our bidding for us. So let's take a look at 403 00:19:22,680 --> 00:19:24,760 Speaker 1: some of this so we can see that we have 404 00:19:25,040 --> 00:19:28,399 Speaker 1: several states that have heard what the actual people want. 405 00:19:28,600 --> 00:19:30,720 Speaker 1: Of course, they all happen to be red states that 406 00:19:30,800 --> 00:19:32,879 Speaker 1: actually happen to listen to what the people want, not 407 00:19:32,920 --> 00:19:35,320 Speaker 1: to make this I left or right thing. But let's 408 00:19:35,359 --> 00:19:39,800 Speaker 1: take a look at some of these. We see Louisiana, Alabama, Texas, 409 00:19:39,840 --> 00:19:45,400 Speaker 1: North Dakota, Florida all actually passing, drafting and passing bills 410 00:19:45,640 --> 00:19:49,520 Speaker 1: to prevent the federal government from doing this. In Florida, 411 00:19:49,520 --> 00:19:52,280 Speaker 1: Governor Ron DeSantis signed a bill banning the use of 412 00:19:52,320 --> 00:19:58,840 Speaker 1: a centralized digital dollar CBDC. In Texas, Texas lawmakers put 413 00:19:58,840 --> 00:20:03,080 Speaker 1: a draft expressing opposition to the creation of a central 414 00:20:03,080 --> 00:20:08,200 Speaker 1: bank digital currency quote Texas Senate Concurrent Resolution twenty five 415 00:20:08,240 --> 00:20:13,280 Speaker 1: bill claiming quote, listen to this, this is Texas their government. 416 00:20:13,320 --> 00:20:16,480 Speaker 1: This is what they said, claiming quote a digital dollar 417 00:20:16,600 --> 00:20:22,000 Speaker 1: could lead to unprecedented levels of government surveillance and control 418 00:20:22,359 --> 00:20:25,240 Speaker 1: over private cash holdings and transactions. 419 00:20:25,400 --> 00:20:26,040 Speaker 2: End quote. 420 00:20:26,440 --> 00:20:30,200 Speaker 1: This isn't just some conspiracy fringe. It's not just me 421 00:20:30,320 --> 00:20:33,920 Speaker 1: talking about this. This is what the Texas Resolution has 422 00:20:34,520 --> 00:20:38,200 Speaker 1: lead to. Unprecedented levels of government surveillance and control. That's 423 00:20:38,240 --> 00:20:40,879 Speaker 1: what she wants, That's what Elizabeth Warren wants, That's what 424 00:20:40,920 --> 00:20:42,720 Speaker 1: the Biden administration wants, and that's what they're trying to 425 00:20:42,720 --> 00:20:47,040 Speaker 1: push North Dakota. They said something similar. Quote the adoption 426 00:20:47,080 --> 00:20:49,680 Speaker 1: of central bank digital currencies in the US says, quote 427 00:20:49,720 --> 00:20:52,359 Speaker 1: the adoption of a CBDC by the federal government would 428 00:20:52,400 --> 00:20:58,399 Speaker 1: hand unprecedented control over to the lives unpresident control over 429 00:20:58,440 --> 00:21:02,760 Speaker 1: the lives, freedoms, choices, and sovereignty of the people of 430 00:21:02,760 --> 00:21:06,119 Speaker 1: North Dakota. Right, this is not some French thing. The 431 00:21:06,160 --> 00:21:09,240 Speaker 1: governments of these states, the duly elected governments, the ones 432 00:21:09,280 --> 00:21:11,840 Speaker 1: that are there working on behalf of the people, understand this. 433 00:21:11,920 --> 00:21:16,199 Speaker 1: They're putting it right into the wording. Louisiana. Louisiana lawmaker 434 00:21:16,280 --> 00:21:20,520 Speaker 1: said that the technology raises significance concerns over privacy for 435 00:21:20,560 --> 00:21:25,119 Speaker 1: individuals and businesses in Louisiana, and they're also passing laws 436 00:21:25,160 --> 00:21:28,280 Speaker 1: and urging Congress to not support the CBDC. 437 00:21:29,080 --> 00:21:31,520 Speaker 2: So she's there laughing, Oh, yes, Oh, we're totally for it. 438 00:21:31,520 --> 00:21:32,879 Speaker 2: It's time, it's time, let's do it. 439 00:21:33,840 --> 00:21:36,399 Speaker 1: But the people don't want it. As a matter of fact, 440 00:21:36,600 --> 00:21:39,920 Speaker 1: they're actively passing laws to prohibit that. And you talk 441 00:21:39,920 --> 00:21:43,120 Speaker 1: about going into this sort of I don't use this word. 442 00:21:43,160 --> 00:21:45,280 Speaker 1: I don't like to talk about this, but you know, 443 00:21:45,440 --> 00:21:50,120 Speaker 1: the potential for either states succeeding or another civil war, 444 00:21:50,200 --> 00:21:52,600 Speaker 1: which the Civil War was created because of the succession 445 00:21:52,600 --> 00:21:55,760 Speaker 1: that tried to happen during that time. But this is 446 00:21:55,760 --> 00:21:58,360 Speaker 1: what drives us to this. This is when you have 447 00:21:58,760 --> 00:22:01,800 Speaker 1: states that listen to what the people want, and you 448 00:22:01,920 --> 00:22:04,600 Speaker 1: have a government that's trying to ram things down their 449 00:22:04,640 --> 00:22:07,960 Speaker 1: throat that they do not want. And then of course 450 00:22:07,960 --> 00:22:09,760 Speaker 1: you have the divide between the red states and the 451 00:22:09,800 --> 00:22:11,520 Speaker 1: blue states, the blue states that will just go along 452 00:22:11,520 --> 00:22:13,240 Speaker 1: with whatever the federal governmentants, and the red states that 453 00:22:13,240 --> 00:22:16,080 Speaker 1: listen to the will to people. This is what leads 454 00:22:16,119 --> 00:22:19,480 Speaker 1: to that, and it's really from the the the the 455 00:22:19,640 --> 00:22:23,840 Speaker 1: unprecedented growth and a growth of power by the federal government. See, 456 00:22:24,000 --> 00:22:26,960 Speaker 1: laws should not control every single little piece of our lives. 457 00:22:28,359 --> 00:22:31,159 Speaker 1: It should it should leave us alone to live our lives. 458 00:22:31,240 --> 00:22:33,840 Speaker 1: As we see fit. We don't need to fight over 459 00:22:33,920 --> 00:22:36,320 Speaker 1: all these little things. The only reason why we're fighting 460 00:22:36,320 --> 00:22:38,159 Speaker 1: those are the things because they're trying to micro manage 461 00:22:38,200 --> 00:22:41,600 Speaker 1: us on the minutia of our lives. If the laws 462 00:22:41,600 --> 00:22:45,080 Speaker 1: were simple, the people could understand them, they were set 463 00:22:45,119 --> 00:22:47,520 Speaker 1: in stone so that we could plan our lives based 464 00:22:47,520 --> 00:22:49,600 Speaker 1: off of them, and they were applied to each of 465 00:22:49,720 --> 00:22:53,920 Speaker 1: us equally, we could all just get along, we could 466 00:22:53,960 --> 00:22:57,000 Speaker 1: all just agree. But when they try to micro manage 467 00:22:57,080 --> 00:22:59,520 Speaker 1: us on every single lead, little detail of our lives, 468 00:22:59,560 --> 00:23:03,000 Speaker 1: that divide us. And when they start to apply this 469 00:23:03,160 --> 00:23:05,840 Speaker 1: law arbitrarily, that's why they write them so vague so 470 00:23:05,840 --> 00:23:09,920 Speaker 1: we don't really understand them, and then they selectively apply them. 471 00:23:10,359 --> 00:23:13,960 Speaker 2: It creates division. You understand that. 472 00:23:14,200 --> 00:23:17,480 Speaker 1: Now we can see all these states are pushing back 473 00:23:17,520 --> 00:23:19,600 Speaker 1: on this while she's trying to ram it down our throats. 474 00:23:19,840 --> 00:23:21,880 Speaker 1: We can see this is not what the people want. Now, 475 00:23:22,320 --> 00:23:25,439 Speaker 1: I do have to say, you know, we have some 476 00:23:25,560 --> 00:23:27,960 Speaker 1: data of some polls that have been done here. The 477 00:23:28,040 --> 00:23:31,080 Speaker 1: truth is that still because this is still so new, 478 00:23:31,920 --> 00:23:36,280 Speaker 1: not everybody knows about this, Not everybody understands the dangers 479 00:23:36,280 --> 00:23:40,840 Speaker 1: that are here, and unfortunately today not everybody understands the 480 00:23:40,880 --> 00:23:43,920 Speaker 1: threat to our freedom. You know, when I grew up, 481 00:23:44,240 --> 00:23:48,119 Speaker 1: we still learned in school communism was bad. We learned 482 00:23:48,119 --> 00:23:50,480 Speaker 1: about North Korea, we learned about China, We learned about 483 00:23:50,480 --> 00:23:52,640 Speaker 1: one hundred million people dying in socialism. We learned about 484 00:23:52,640 --> 00:23:55,960 Speaker 1: the Iron Curtain, you know, the East and West Berlin, 485 00:23:56,040 --> 00:23:57,920 Speaker 1: we learned about that. We don't learn about that today, 486 00:23:58,640 --> 00:24:02,399 Speaker 1: and so today freedom doesn't seem as important as it 487 00:24:02,520 --> 00:24:04,520 Speaker 1: used to. You know, so there's a saying that a 488 00:24:04,560 --> 00:24:07,800 Speaker 1: fish doesn't know it's in water. Right, You don't realize 489 00:24:07,840 --> 00:24:10,000 Speaker 1: the need for freedom or how important it is until 490 00:24:10,040 --> 00:24:12,280 Speaker 1: you've lost it. And you see, growing up, when we 491 00:24:12,280 --> 00:24:14,120 Speaker 1: were taught these things, we at least learned it that way, 492 00:24:14,119 --> 00:24:15,879 Speaker 1: and unfortunately for most people are gonna have to relearn 493 00:24:15,880 --> 00:24:18,199 Speaker 1: it the hard way. And so we haven't been taught this. 494 00:24:18,280 --> 00:24:20,359 Speaker 1: But we can see based off of some data, some 495 00:24:21,560 --> 00:24:23,879 Speaker 1: polls that have been done. The Cato Institute did a 496 00:24:23,920 --> 00:24:28,399 Speaker 1: poll says that twice as many Americans oppose a CBDC 497 00:24:28,600 --> 00:24:31,280 Speaker 1: as those that favorite twice as many are against it. 498 00:24:32,720 --> 00:24:38,439 Speaker 1: Now Unfortunately, about forty about half of Americans have not 499 00:24:38,720 --> 00:24:41,840 Speaker 1: formed an opinion about a CBDC, but Again, this is 500 00:24:41,840 --> 00:24:46,000 Speaker 1: because most of them are not familiar with it. It so 501 00:24:46,160 --> 00:24:48,160 Speaker 1: they're not familiar with this, so this is something new. 502 00:24:48,160 --> 00:24:51,520 Speaker 1: But twice as many in the poll are opposed to it, 503 00:24:51,600 --> 00:24:54,160 Speaker 1: which is why there's a lot of noise being made, 504 00:24:54,480 --> 00:24:57,680 Speaker 1: which is why there's states that are putting laws into 505 00:24:57,720 --> 00:25:01,800 Speaker 1: place to prevent the federal government from doing this. In 506 00:25:01,840 --> 00:25:03,679 Speaker 1: this pool, we can see that eighty five percent Americans 507 00:25:03,680 --> 00:25:05,880 Speaker 1: would prefer to keep their money with a private bank 508 00:25:05,960 --> 00:25:08,720 Speaker 1: rather than in an account operated by the Federal Reserve. 509 00:25:09,480 --> 00:25:13,639 Speaker 1: Nobody trusts the Federal Reserve, they have no credibility, nobody 510 00:25:13,640 --> 00:25:18,439 Speaker 1: wants them to have their money. I certainly don't, you know, 511 00:25:19,000 --> 00:25:21,359 Speaker 1: I'm sure, okay, keep the money in the bank and 512 00:25:21,840 --> 00:25:23,880 Speaker 1: FDIC insured. I'd prefer to be like in a local 513 00:25:23,960 --> 00:25:26,560 Speaker 1: bank that I can have a little bit of, you know, 514 00:25:26,560 --> 00:25:29,000 Speaker 1: not necessarily control over, but relationship with. Let's just say 515 00:25:29,000 --> 00:25:32,399 Speaker 1: that I certainly don't want it the Federal Reserve. Nobody 516 00:25:32,400 --> 00:25:35,160 Speaker 1: wants that. Nobody wants a es central bank digital currency. 517 00:25:35,560 --> 00:25:36,960 Speaker 2: But yet here we are. 518 00:25:37,400 --> 00:25:39,640 Speaker 1: Now I want to talk specifically about the bill. Now, 519 00:25:39,680 --> 00:25:44,400 Speaker 1: I do want to say Elizabeth Warren has a horrible, horrible, 520 00:25:44,400 --> 00:25:47,400 Speaker 1: horrible track record of getting bills passed. As a matter 521 00:25:47,440 --> 00:25:50,440 Speaker 1: of fact, I think she's something like three hundred to zero. 522 00:25:50,480 --> 00:25:52,199 Speaker 1: I have the data, the stats. We're going to read 523 00:25:52,200 --> 00:25:54,800 Speaker 1: through this in a minute. Let's hope this is not 524 00:25:54,960 --> 00:25:57,720 Speaker 1: her first bill that she gets through. Let's hope that 525 00:25:57,760 --> 00:26:02,880 Speaker 1: she continues to hit the wall over and over and over, because, 526 00:26:03,000 --> 00:26:05,359 Speaker 1: as I said, this is a big, big problem. And 527 00:26:05,400 --> 00:26:07,159 Speaker 1: as a matter of fact, we can see that how 528 00:26:07,200 --> 00:26:08,760 Speaker 1: big of a problem it is in other countries where 529 00:26:08,760 --> 00:26:11,320 Speaker 1: they're already trying to do this, like in Nigeria, for example, 530 00:26:11,680 --> 00:26:14,199 Speaker 1: they tried to force everybody in Nigeria to use it 531 00:26:14,240 --> 00:26:16,439 Speaker 1: when they didn't want it. They said, why would we 532 00:26:16,560 --> 00:26:20,280 Speaker 1: use this CBDC from Nigeria. It's the same thing that 533 00:26:20,320 --> 00:26:22,200 Speaker 1: we have now. The problem that we have with the 534 00:26:22,240 --> 00:26:23,800 Speaker 1: money is what they said. In Nigeria, problem we have 535 00:26:23,800 --> 00:26:24,920 Speaker 1: the money is that you print too much of it 536 00:26:24,960 --> 00:26:27,960 Speaker 1: and continue to lose value. I continue to have to 537 00:26:27,960 --> 00:26:29,320 Speaker 1: get more and more money to buy the same goods 538 00:26:29,320 --> 00:26:30,920 Speaker 1: and services. So why would we want to use the 539 00:26:30,960 --> 00:26:33,520 Speaker 1: same thing which is digital. We don't want that. But 540 00:26:33,560 --> 00:26:35,200 Speaker 1: they didn't listen to people. They tried to force it 541 00:26:35,200 --> 00:26:40,640 Speaker 1: on them. Anyway, two hundred million people and they tried 542 00:26:40,680 --> 00:26:42,800 Speaker 1: to force it on everybody. First with a carrot, Hey, 543 00:26:42,800 --> 00:26:44,199 Speaker 1: we'll give you discounts to use it. Then it was 544 00:26:44,200 --> 00:26:45,680 Speaker 1: a stick, hey now you can only get so much 545 00:26:45,720 --> 00:26:50,000 Speaker 1: cash out, and they wrecked the entire economy forcing people, 546 00:26:50,000 --> 00:26:52,480 Speaker 1: They forced people underground into black markets and things like that, 547 00:26:52,520 --> 00:26:53,879 Speaker 1: and they finally had to cancel it. 548 00:26:53,800 --> 00:26:54,560 Speaker 2: It was that bad. 549 00:26:55,080 --> 00:26:57,119 Speaker 1: And so this is already what we can see. This 550 00:26:57,160 --> 00:26:59,040 Speaker 1: is already starting to frame up in Canada. The Central 551 00:26:59,080 --> 00:27:00,800 Speaker 1: Bank of Canada some polls and they said that the 552 00:27:00,800 --> 00:27:02,199 Speaker 1: people don't want it. There's no reason why we need 553 00:27:02,280 --> 00:27:06,280 Speaker 1: to push it, even in Canada, justin Trudeau. But here 554 00:27:06,320 --> 00:27:08,600 Speaker 1: we have Elizabeth Warren trying to push it. If you're 555 00:27:08,600 --> 00:27:10,320 Speaker 1: just tuning in your listening to the Mark Mass Show 556 00:27:10,359 --> 00:27:14,000 Speaker 1: talking about Elizabeth Warren trying to take away your freedoms, 557 00:27:14,080 --> 00:27:16,000 Speaker 1: all freedoms lie on the ability to transact. 558 00:27:16,040 --> 00:27:19,480 Speaker 2: I'm gonna come back and talk about this specific bill exactly. 559 00:27:19,240 --> 00:27:21,119 Speaker 1: And how we can prevent this from happening. I'll be 560 00:27:21,160 --> 00:27:22,479 Speaker 1: back with that in a minute. Don't go away, I'll 561 00:27:22,480 --> 00:27:23,240 Speaker 1: we're back, all right. 562 00:27:23,280 --> 00:27:23,639 Speaker 2: Welcome back. 563 00:27:23,680 --> 00:27:25,200 Speaker 1: If you're just tuning in your listening to the Mark 564 00:27:25,240 --> 00:27:28,240 Speaker 1: Mass Show, we're talking about Elizabeth Warren on the warpath 565 00:27:28,320 --> 00:27:32,000 Speaker 1: to take away your financial freedom, your financial privacy, and 566 00:27:32,040 --> 00:27:34,439 Speaker 1: trying to ram bills down your throat that you do 567 00:27:34,520 --> 00:27:37,960 Speaker 1: not want. That states in the United States are actively 568 00:27:38,080 --> 00:27:41,600 Speaker 1: fighting to prevent that are pushing back on this, but 569 00:27:41,680 --> 00:27:46,280 Speaker 1: yet she doesn't care. She's continuing on your behalf, running 570 00:27:46,280 --> 00:27:48,040 Speaker 1: a government of the people, by the people for the 571 00:27:48,040 --> 00:27:51,040 Speaker 1: people as a representative of you, forcing things down your 572 00:27:51,040 --> 00:27:53,840 Speaker 1: throat that you don't want, and you don't want them 573 00:27:53,960 --> 00:27:55,840 Speaker 1: because they take away your power, they take away your control, 574 00:27:55,880 --> 00:27:56,800 Speaker 1: they take away your privacy, to. 575 00:27:56,800 --> 00:27:57,440 Speaker 2: Take away your freedom. 576 00:27:57,440 --> 00:27:59,800 Speaker 1: As a matter of fact, most Americans aren't caught up 577 00:27:59,840 --> 00:28:01,760 Speaker 1: on this, but you're ahead of everybody because you're listening 578 00:28:01,760 --> 00:28:05,080 Speaker 1: to the show. But two times as many people oppose 579 00:28:05,119 --> 00:28:06,840 Speaker 1: it as wanted, and the people that wanted to just 580 00:28:06,840 --> 00:28:08,840 Speaker 1: because they don't understand it. But let's let's take a 581 00:28:08,880 --> 00:28:11,360 Speaker 1: look at Elizabeth Warren in the power that she wields 582 00:28:11,680 --> 00:28:13,200 Speaker 1: and what she's trying to do. So, first of all, 583 00:28:13,400 --> 00:28:19,360 Speaker 1: Elizabeth Warren did run for the presidential candidacy in twenty twenty. 584 00:28:19,840 --> 00:28:23,600 Speaker 1: The rumors are in the political circles that in order 585 00:28:23,640 --> 00:28:26,840 Speaker 1: for her to step down out of that race, she 586 00:28:27,040 --> 00:28:30,680 Speaker 1: was given significant influence in the government. As a matter 587 00:28:30,720 --> 00:28:33,560 Speaker 1: of fact, some political analysts say that she might be 588 00:28:33,760 --> 00:28:38,160 Speaker 1: the third most powerful person in Washington because the amount 589 00:28:38,240 --> 00:28:40,680 Speaker 1: of government bodies that she was given power over and 590 00:28:40,720 --> 00:28:43,920 Speaker 1: control over are some of the most important and have 591 00:28:44,000 --> 00:28:47,320 Speaker 1: the most weight. So there was some horse trading that 592 00:28:47,360 --> 00:28:49,240 Speaker 1: was done. She agreed to step down to let the Biden, 593 00:28:49,360 --> 00:28:51,760 Speaker 1: to let Biden win. In exchange, she got a lot 594 00:28:51,760 --> 00:28:55,000 Speaker 1: of power and control. She's on the Committee for Armed Services, 595 00:28:55,040 --> 00:28:59,040 Speaker 1: Subcommittee of Emerging Threats and Capability, Subcommittee on Personal Personnel, 596 00:28:59,480 --> 00:29:03,920 Speaker 1: Strategic Forces, Committee on Banking, Housing, Urban Affairs, Subcommittee on 597 00:29:03,960 --> 00:29:10,400 Speaker 1: Economic Policy, Subcommittee on Financial Institutions, Consumer Protections, Subcommittee on Securities, 598 00:29:10,400 --> 00:29:15,560 Speaker 1: Insurance Investments, Committee on Finance, Committee on Healthcare, Social Security, Pensions, 599 00:29:15,600 --> 00:29:18,320 Speaker 1: Family Policy, Taxation, IRS, Oversight. 600 00:29:19,400 --> 00:29:21,600 Speaker 2: You get the idea, she's. 601 00:29:22,280 --> 00:29:25,800 Speaker 1: Anything and everything to do with your money, your financial future. 602 00:29:26,040 --> 00:29:28,000 Speaker 1: She's in charge of I've don it off to her. 603 00:29:28,400 --> 00:29:33,080 Speaker 1: Now again, well, maybe she's not such a bad person 604 00:29:33,160 --> 00:29:38,880 Speaker 1: to have it, because somehow on a salary of about 605 00:29:38,920 --> 00:29:41,239 Speaker 1: two hundred and thirty or fifty thousand dollars a year, 606 00:29:41,280 --> 00:29:43,400 Speaker 1: about I think that's something like that about two hundred 607 00:29:43,400 --> 00:29:46,400 Speaker 1: thirty thousand a year. She's now found herself worth like 608 00:29:46,480 --> 00:29:48,520 Speaker 1: sixty four million, I think is the numbers. 609 00:29:48,520 --> 00:29:49,320 Speaker 2: Fact check me on that. 610 00:29:49,840 --> 00:29:51,760 Speaker 1: So if she could take a salary of two hundred 611 00:29:51,800 --> 00:29:54,200 Speaker 1: grand and make sixty four million out of it, Shoot, 612 00:29:54,320 --> 00:29:55,920 Speaker 1: that's something I'd like to learn. Would you like to 613 00:29:56,000 --> 00:29:58,680 Speaker 1: learn that? Maybe she is the right person to run 614 00:29:58,680 --> 00:30:00,280 Speaker 1: our money because she sure knows how to I make 615 00:30:00,320 --> 00:30:03,320 Speaker 1: money out of nothing, or she knows how to take 616 00:30:03,320 --> 00:30:04,840 Speaker 1: a lot of money in her pocket. 617 00:30:05,360 --> 00:30:06,719 Speaker 2: I'll let you be decided of that. 618 00:30:07,120 --> 00:30:10,520 Speaker 1: But you know, basically, throughout her campaign, Warren proposed several 619 00:30:10,720 --> 00:30:15,680 Speaker 1: plans addressing Wall Street reform, anti corruption, wealth taxes, and 620 00:30:15,800 --> 00:30:19,200 Speaker 1: all of these things. Post campaigns, you know, she's, like 621 00:30:19,200 --> 00:30:21,440 Speaker 1: I said, after withdrawing from the presidential race, she went 622 00:30:21,440 --> 00:30:24,440 Speaker 1: back to the Senate and you know, sort of rose 623 00:30:24,520 --> 00:30:27,240 Speaker 1: her public profile, the amount of influence she has and 624 00:30:27,320 --> 00:30:30,440 Speaker 1: things like this. All right, now, again, she's been trying 625 00:30:30,480 --> 00:30:33,959 Speaker 1: to pass all types of bills that just haven't gone anywhere. 626 00:30:33,960 --> 00:30:36,560 Speaker 1: Her track record is very dismal, to say the least. 627 00:30:36,560 --> 00:30:38,680 Speaker 1: And that's something I'm happy for because I don't like 628 00:30:38,760 --> 00:30:39,760 Speaker 1: the bills she's trying to pass. 629 00:30:39,800 --> 00:30:40,680 Speaker 2: But let's look at this. 630 00:30:41,520 --> 00:30:43,840 Speaker 1: If we look at the bill tracking platform from gov Track, 631 00:30:43,880 --> 00:30:46,800 Speaker 1: we can see that Warren, Elizabeth Warren, she's been very busy. 632 00:30:48,040 --> 00:30:50,520 Speaker 1: She's a lawmaker, she's a legislator. So what the legislators do? 633 00:30:50,560 --> 00:30:55,400 Speaker 1: They legislate. She's introduced three hundred and thirty bills over 634 00:30:55,440 --> 00:30:57,320 Speaker 1: the last eleven years as a senator. Now, let me 635 00:30:57,360 --> 00:30:59,200 Speaker 1: just say I learned this. My dad taught me this 636 00:30:59,240 --> 00:31:01,000 Speaker 1: when I turned eighteen and I was able to vote. 637 00:31:01,080 --> 00:31:03,840 Speaker 1: That any law that you're going to go vote for, 638 00:31:03,840 --> 00:31:04,880 Speaker 1: he told me this every time I went to the 639 00:31:04,960 --> 00:31:07,920 Speaker 1: voting booth. Any law that you're voting on, whether it's 640 00:31:07,960 --> 00:31:12,560 Speaker 1: good or bad, is less freedom. Okay, remember going back 641 00:31:12,600 --> 00:31:14,480 Speaker 1: to what I said earlier about laws should be simple, 642 00:31:14,520 --> 00:31:16,240 Speaker 1: that we can all understand them, and they should be 643 00:31:16,280 --> 00:31:17,800 Speaker 1: set in stone, they should be applied equally. 644 00:31:17,880 --> 00:31:19,240 Speaker 2: But every year we. 645 00:31:19,240 --> 00:31:23,080 Speaker 1: Get hundreds and hundreds, if not thousands, of new bills, laws, regulations, 646 00:31:23,160 --> 00:31:24,040 Speaker 1: rules passed. 647 00:31:24,480 --> 00:31:25,640 Speaker 2: We can't even keep up with them. 648 00:31:26,200 --> 00:31:32,520 Speaker 1: She alone has introduced three hundred and thirty in just 649 00:31:32,560 --> 00:31:34,640 Speaker 1: the last eleven years. It's insane. 650 00:31:34,680 --> 00:31:36,760 Speaker 2: What do we need three hundred and thirty laws for? 651 00:31:37,480 --> 00:31:39,600 Speaker 2: And that's just her In ten years. 652 00:31:40,120 --> 00:31:44,480 Speaker 1: Now, out of these, only one, a very obscure bill, 653 00:31:44,560 --> 00:31:47,440 Speaker 1: only one has been enacted. One out of the three 654 00:31:47,520 --> 00:31:47,840 Speaker 1: hundred and. 655 00:31:47,840 --> 00:31:49,320 Speaker 2: Thirty what was that? One? 656 00:31:50,440 --> 00:31:54,760 Speaker 1: National pow Mia Flag Act, So prisoners of Ore Missing 657 00:31:54,760 --> 00:31:56,720 Speaker 1: in Action. Hey, you know my dad went to Vietnam. 658 00:31:56,800 --> 00:31:59,360 Speaker 1: I'm all for that. She passed a bill which requires 659 00:31:59,400 --> 00:32:03,200 Speaker 1: the prisoner of the POWI flag to be displayed alongside 660 00:32:03,240 --> 00:32:06,320 Speaker 1: a US flag on some federal property. Okay, first of all, 661 00:32:06,360 --> 00:32:07,600 Speaker 1: what the heck do we need a law for that? 662 00:32:07,960 --> 00:32:08,080 Speaker 2: Like? 663 00:32:08,120 --> 00:32:10,320 Speaker 1: What a friggin waste of time, What a waste of 664 00:32:10,360 --> 00:32:13,680 Speaker 1: money to even have somebody in their legislating laws voting 665 00:32:13,720 --> 00:32:16,360 Speaker 1: on laws? Can we hang a pow flag next to 666 00:32:16,360 --> 00:32:17,040 Speaker 1: American flag? 667 00:32:17,040 --> 00:32:18,120 Speaker 2: Okay? Cool? Like whatever? 668 00:32:18,200 --> 00:32:21,440 Speaker 1: Right, that's the one out of three hundred and thirty 669 00:32:21,480 --> 00:32:25,280 Speaker 1: bills we paid her millions of dollars to go create 670 00:32:25,360 --> 00:32:27,960 Speaker 1: all this fuss and mess. She's got one bill through 671 00:32:28,920 --> 00:32:31,760 Speaker 1: all right, Now, will this be her second? 672 00:32:32,520 --> 00:32:32,920 Speaker 2: I don't know. 673 00:32:33,080 --> 00:32:35,480 Speaker 1: Let's take a look at it. So there's this aml 674 00:32:35,640 --> 00:32:39,280 Speaker 1: an anti money laundering bill. But the problem with this 675 00:32:39,360 --> 00:32:44,680 Speaker 1: bill is it could literally shut down the entire cryptocurrency industry, which, 676 00:32:44,720 --> 00:32:47,440 Speaker 1: of course is the point. The point is not to 677 00:32:48,000 --> 00:32:50,480 Speaker 1: regulate it. The point is not to make it safer. 678 00:32:50,960 --> 00:32:52,800 Speaker 1: The point is, like I guess to regulate, to put 679 00:32:52,840 --> 00:32:56,320 Speaker 1: regulated out of existence. So basically, this bill would extend 680 00:32:56,360 --> 00:33:00,160 Speaker 1: the Bank Secrecy Act to include cryptocurrency transactions and it 681 00:33:00,160 --> 00:33:06,280 Speaker 1: imposes very stringent reporting, which is KYC Know your Customer requirements, 682 00:33:06,280 --> 00:33:10,200 Speaker 1: which basically means, under the law of KYC, you as 683 00:33:10,240 --> 00:33:12,840 Speaker 1: a private citizen, are not allowed to transact in over 684 00:33:12,880 --> 00:33:16,680 Speaker 1: ten thousand dollars without collecting information knowing. 685 00:33:16,520 --> 00:33:18,440 Speaker 2: Who you're dealing with. If you do, you go to prison. 686 00:33:20,080 --> 00:33:22,400 Speaker 1: Banks aren't allowed to do this, and so basically every 687 00:33:22,440 --> 00:33:26,920 Speaker 1: transaction they have to know who that customer is. There's 688 00:33:26,920 --> 00:33:29,080 Speaker 1: another rule is called the travel rule, where information travels 689 00:33:29,080 --> 00:33:31,360 Speaker 1: along with those transactions. But in this case the KYC, 690 00:33:31,880 --> 00:33:36,720 Speaker 1: they want to require all these cryptocurrency pieces every time 691 00:33:36,720 --> 00:33:38,400 Speaker 1: that that transaction hops from one. 692 00:33:38,280 --> 00:33:40,160 Speaker 2: To the next to collect this KYC. 693 00:33:41,640 --> 00:33:45,560 Speaker 1: The requirement to report transactions involving unhosted walls or private 694 00:33:45,560 --> 00:33:48,040 Speaker 1: walls could put a heavy burden on crypto exchanges and 695 00:33:48,080 --> 00:33:51,000 Speaker 1: will providers. So basically you don't have the ability to 696 00:33:51,080 --> 00:33:54,840 Speaker 1: transact or us say, to hold your own money on 697 00:33:54,880 --> 00:33:58,920 Speaker 1: your own The level of surveillance is so intrusive and 698 00:33:59,000 --> 00:34:03,080 Speaker 1: so antithetic to privacy and freedom that again, it could 699 00:34:03,120 --> 00:34:05,040 Speaker 1: just shut the entire industry down. Why could it shut 700 00:34:05,040 --> 00:34:07,320 Speaker 1: the industry down. Not because it's so burdensome and cumbersome, 701 00:34:07,360 --> 00:34:10,640 Speaker 1: which it is, but because it's technically impossible. 702 00:34:11,280 --> 00:34:12,080 Speaker 2: It's impossible. 703 00:34:12,640 --> 00:34:15,880 Speaker 1: There's no way for this information to be collected and 704 00:34:15,920 --> 00:34:18,239 Speaker 1: transferred between all of these steps. It just doesn't work 705 00:34:18,280 --> 00:34:20,719 Speaker 1: that way. That's not how technology works. I'm sorry, Elizabeth Warren. 706 00:34:20,719 --> 00:34:22,480 Speaker 1: You're seventy five years old. You don't understand this. And 707 00:34:22,560 --> 00:34:24,880 Speaker 1: I'm sorry if you're seventy five and you're very smart technically. 708 00:34:25,160 --> 00:34:27,239 Speaker 1: I know there are many people who probably know way 709 00:34:27,280 --> 00:34:29,439 Speaker 1: more about technology than I do that are over seventy five. 710 00:34:29,800 --> 00:34:31,439 Speaker 1: But in her case, I don't think that's the case 711 00:34:31,560 --> 00:34:34,839 Speaker 1: unless the point that I'm making she understands this and 712 00:34:34,880 --> 00:34:36,839 Speaker 1: she wants to shut it all down. This is not 713 00:34:37,080 --> 00:34:39,680 Speaker 1: about hey, let's just make everybody comply. I don't care 714 00:34:39,680 --> 00:34:42,879 Speaker 1: how expensive, I don't care how cumbersome is It's like, no, 715 00:34:43,360 --> 00:34:47,279 Speaker 1: we know that there is no way to comply with this, 716 00:34:47,920 --> 00:34:50,319 Speaker 1: and so we're going to pass this so that you 717 00:34:50,360 --> 00:34:54,200 Speaker 1: can't comply and literally shut it down. Now, what happens 718 00:34:54,239 --> 00:34:58,279 Speaker 1: if that's the case. Well, we know that hundreds of 719 00:34:58,280 --> 00:35:04,760 Speaker 1: billions of dollars American zone go ay. We know that billions, 720 00:35:04,760 --> 00:35:07,840 Speaker 1: potentially maybe trillions of dollars of industry will leave the 721 00:35:08,000 --> 00:35:09,800 Speaker 1: United States and go to other parts of the world. 722 00:35:10,080 --> 00:35:12,240 Speaker 1: We know that the United States will be less competitive 723 00:35:12,280 --> 00:35:15,160 Speaker 1: on a global scale. Something I talk a lot about 724 00:35:15,160 --> 00:35:17,400 Speaker 1: the disease cycles, and in cycles, there's a lot of 725 00:35:17,400 --> 00:35:20,400 Speaker 1: cycles I talk about. One is a fifty year technological 726 00:35:20,520 --> 00:35:23,279 Speaker 1: revolution cycle. About every fifty years we have new technology. 727 00:35:23,400 --> 00:35:28,080 Speaker 1: We've had five technological revolution cycles and each one of 728 00:35:28,120 --> 00:35:30,040 Speaker 1: these they changed the world. But more importantly, they drive 729 00:35:30,120 --> 00:35:34,480 Speaker 1: financial markets. So the last one was telecommunication. It was 730 00:35:34,520 --> 00:35:38,239 Speaker 1: the microprocessor, sprous telecommunications and the Internet and personal computers. 731 00:35:38,360 --> 00:35:40,839 Speaker 1: So what's driven financial markets for the last fifty years 732 00:35:40,840 --> 00:35:45,880 Speaker 1: obviously telecom Internet computers, right, Google, Facebook, Amazon, at and 733 00:35:45,920 --> 00:35:49,040 Speaker 1: t ETCA, Hoverzon. What drove them for the fifty years 734 00:35:49,040 --> 00:35:52,800 Speaker 1: before that, it was automobiles, Ford, GMGE. What drove before 735 00:35:52,800 --> 00:35:56,120 Speaker 1: that it was oil steel, right. So what's kept the 736 00:35:56,200 --> 00:35:59,600 Speaker 1: US in position of power financially for the last fifty 737 00:35:59,680 --> 00:36:02,480 Speaker 1: years has been our ability to innovate and outcompete the 738 00:36:02,520 --> 00:36:07,080 Speaker 1: world with Facebook and Amazon and Google and all these 739 00:36:07,239 --> 00:36:11,000 Speaker 1: Cisco and all these different things. If the US decides 740 00:36:11,040 --> 00:36:13,279 Speaker 1: to take this approach like Elizabeth Warren wants and shut 741 00:36:13,400 --> 00:36:17,840 Speaker 1: down the next technological revolution, the US will find itself 742 00:36:17,920 --> 00:36:21,000 Speaker 1: out of the next revolution. The the US will find itself 743 00:36:21,280 --> 00:36:24,200 Speaker 1: going back into the dark ages, and we'll miss this boom. 744 00:36:24,320 --> 00:36:25,560 Speaker 2: This has massive. 745 00:36:25,200 --> 00:36:27,160 Speaker 1: Implications, not just for you, but for your kids and 746 00:36:27,200 --> 00:36:29,439 Speaker 1: for your grandkids and even further down the line. 747 00:36:29,480 --> 00:36:31,160 Speaker 2: It's the big deal. Talk to your. 748 00:36:31,080 --> 00:36:34,000 Speaker 1: Lawmaker, voice your concerns. Make sure you show up on 749 00:36:34,040 --> 00:36:35,920 Speaker 1: these polls. Let's push back on this with everything that 750 00:36:35,960 --> 00:36:38,040 Speaker 1: we can. If you're just turning in listening to the 751 00:36:38,080 --> 00:36:40,800 Speaker 1: Mark Mass Show talking about Elizabeth Warren on the warpath 752 00:36:40,800 --> 00:36:44,279 Speaker 1: to take away your financial freedom and privacy, hopefully this 753 00:36:44,320 --> 00:36:46,040 Speaker 1: is not one of the bills that she gets through. 754 00:36:46,120 --> 00:36:48,400 Speaker 1: Let's go ahead and vote for that. 755 00:36:48,400 --> 00:36:49,920 Speaker 2: That's what I got. Thanks so much for listening. Until 756 00:36:49,920 --> 00:36:50,239 Speaker 2: next time,