WEBVTT - The Mark Moss Show Feb 21, 2022 0:00:00.320 --> 0:00:03.480 Everyone, Welcome to another episode of The Mark Moss Show, 0:00:03.600 --> 0:00:07.800 where we cover the decentralized revolution that is happening around 0:00:07.840 --> 0:00:09.680 the world right now. Of course we're talking about bick 0:00:09.720 --> 0:00:12.800 when we're talking about cryptocurrencies, but really we're talking about, 0:00:12.880 --> 0:00:15.920 like I said, the decentralized revolution, the way that it 0:00:16.000 --> 0:00:18.799 is unfolding across the world, and really we're talking about 0:00:18.840 --> 0:00:25.360 the intersection of technology, finance, and politics all coming together 0:00:25.400 --> 0:00:27.880 to change the world as we know it today. Now, 0:00:28.280 --> 0:00:30.040 the way that the world works, the way that the 0:00:30.040 --> 0:00:33.960 world is organized, depends on the way that we use technology. 0:00:34.040 --> 0:00:36.720 So as you go back through history hundreds of years, 0:00:37.000 --> 0:00:39.400 even thousands of years, you can see that the world 0:00:39.400 --> 0:00:43.960 works differently. So, for example, we saw in the fifteen 0:00:44.080 --> 0:00:47.120 hundreds in the in the sixteenth century, we saw the 0:00:47.159 --> 0:00:51.720 world really shift into um more of a decentralized phase, 0:00:51.960 --> 0:00:55.280 leaving behind the centralization that was brought between the church 0:00:55.320 --> 0:00:57.280 and the state as they ruled things. And what really 0:00:57.680 --> 0:01:01.640 led to that change was seventy year earlier, was the 0:01:01.680 --> 0:01:03.760 printing press. It was a new technology. It was a 0:01:03.760 --> 0:01:06.720 new technology. It was created the printing press that decentralized information. 0:01:06.800 --> 0:01:09.400 People were able to get books, people are able to 0:01:09.440 --> 0:01:12.000 share information and it led to this decentralization. Over the 0:01:12.080 --> 0:01:15.119 last two hundred fifty years, we've led to more centralization 0:01:15.160 --> 0:01:18.399 because of the industrial revolution that happened. The Industrial revolution 0:01:18.640 --> 0:01:23.320 led to US building factories, machines, equipment factories, and then 0:01:23.319 --> 0:01:25.319 it led to big cities and it led the last 0:01:25.319 --> 0:01:27.800 two and fiwo years, we've been centralizing and of course 0:01:27.840 --> 0:01:29.399 if you wanted to be successful, we had to move 0:01:29.440 --> 0:01:31.600 to the city where the jobs were. But today that 0:01:31.840 --> 0:01:34.800 the Internet has done very similar to what the printing 0:01:34.840 --> 0:01:38.200 press did, which is now decentralizing information and now people 0:01:38.200 --> 0:01:40.759 are able to live and work anywhere they want. And 0:01:40.880 --> 0:01:43.200 for the next hundred years we'll see the world continue 0:01:43.240 --> 0:01:46.640 to decentralize out And that's what we're talking about um as, 0:01:46.760 --> 0:01:49.720 this decentralized revolution that we're talking it's going to change 0:01:49.760 --> 0:01:52.520 the world more than most people realize. Now. When we 0:01:52.560 --> 0:01:56.640 talk about bitcoin, we talk about most likely typically today 0:01:56.680 --> 0:01:59.120 we're talking about in thinking about it in terms of 0:01:59.240 --> 0:02:01.680 money and what happens is money is kind of the 0:02:01.760 --> 0:02:04.880 killer application of what bitcoin is today, similar as when 0:02:04.880 --> 0:02:07.760 the Internet first came out, how email was the killer application, 0:02:07.760 --> 0:02:11.400 and when electricity was first invented light was the killer 0:02:11.440 --> 0:02:14.280 application of electricity. Of course, today electricities used for all 0:02:14.320 --> 0:02:17.800 types of things. And as bitcoin has been coming out 0:02:17.880 --> 0:02:20.959 over the last decade or so, about dozen years, a 0:02:21.040 --> 0:02:24.440 lot of people still today wonder why why do we 0:02:24.480 --> 0:02:26.640 need a bitcoin? What purpose does it serve? And so forth, 0:02:26.680 --> 0:02:29.760 and um, you know, because money is that killer application. 0:02:29.800 --> 0:02:32.000 And as I like to say, as bitcoinners like to say, 0:02:32.080 --> 0:02:34.240 if we can fix the money, we can fix the world. 0:02:34.520 --> 0:02:37.720 One of the most apparent use cases for bitcoin has 0:02:37.800 --> 0:02:42.360 been for helping to solve human rights issues all around 0:02:42.400 --> 0:02:46.720 the world. Um, we've seen that it's been protecting humans rights. Um. 0:02:46.800 --> 0:02:49.840 Mostly we would see that in third world nations. And 0:02:49.880 --> 0:02:52.320 so when I talk about third world nations, we're talking 0:02:52.320 --> 0:02:57.080 about places like Venezuela, for example, where um, the leaders 0:02:57.120 --> 0:03:00.200 have inflated the currencies so fast that people can't even 0:03:00.240 --> 0:03:01.959 afford to you know, they can't save money, they can't 0:03:01.960 --> 0:03:06.040 even afford to buy food. UM. We saw, we've seen that, 0:03:06.080 --> 0:03:08.480 you know, because of that, because these people in Venezuela 0:03:08.480 --> 0:03:12.359 are trying to evade the hyper inflation that's completely stealing 0:03:12.360 --> 0:03:15.200 their wealth. Um. And then they have strict financial controls, 0:03:15.360 --> 0:03:17.840 they've been able to move towards something like bitcoin to 0:03:17.919 --> 0:03:21.560 help them. UM. You know, for example, in Venezuela, where 0:03:21.560 --> 0:03:26.640 that currency is losing over inflation per year, it's completely 0:03:26.840 --> 0:03:31.000 destroyed their economy. UM. Then the Venezuela regime then cut 0:03:31.120 --> 0:03:35.360 off money coming from abroad. UM. Basically, if anybody wanted 0:03:35.360 --> 0:03:37.440 to help, If I wanted to help from the United 0:03:37.440 --> 0:03:40.280 States and send money down to Venezuela, I don't really 0:03:40.280 --> 0:03:42.920 have a lot of good options. The the regime that 0:03:42.920 --> 0:03:46.120 that controls Venezuela, you know, basically forced everyone to go 0:03:46.160 --> 0:03:50.680 through local banks, disclose how you know, disclose all their information, 0:03:50.720 --> 0:03:52.800 how much money they're getting, who they're getting from, and 0:03:52.840 --> 0:03:55.360 how they're going to use that money. If I wanted 0:03:55.400 --> 0:03:58.080 to send a wire transfer from the United States down 0:03:58.080 --> 0:04:01.600 to somebody in Venezuela, they would take over half. Over 0:04:01.720 --> 0:04:05.160 half of the money would be taken by the regime. 0:04:05.720 --> 0:04:08.120 And we see this happening all over the world, you know, 0:04:08.280 --> 0:04:12.600 in in places like in Africa, et cetera, where there 0:04:12.640 --> 0:04:15.080 maybe you know, we want to send aid to them, 0:04:15.200 --> 0:04:19.679 Typically the dictator or the regime that controls those areas 0:04:19.920 --> 0:04:22.960 would maybe take all of it, if not a good 0:04:23.000 --> 0:04:25.520 percentage of it. And even if they were going to 0:04:25.560 --> 0:04:27.920 allow it to flow through, it would get eaten up 0:04:27.920 --> 0:04:30.760 by fees through all the different banks and into mediaries 0:04:30.800 --> 0:04:34.360 they would have to go through. Of course, like I said, 0:04:34.400 --> 0:04:36.400 if they don't want aid to get to the people, 0:04:36.520 --> 0:04:39.800 then they just stop it all together. Um. One thing 0:04:39.839 --> 0:04:42.200 that we saw, like in Venezuela, is that we could 0:04:42.279 --> 0:04:45.200 maybe wire money to Colombia and then people could walk 0:04:45.240 --> 0:04:47.880 across the border get the cash, and then they could 0:04:47.880 --> 0:04:49.720 try to come back with the cash. Of course, that's 0:04:49.800 --> 0:04:53.039 very difficult walking and walking across dangerous areas like that 0:04:53.040 --> 0:04:56.279 with cash is always difficult. One getting across the border, 0:04:56.320 --> 0:04:58.880 they could take it from you to obviously rob you know, 0:04:59.000 --> 0:05:01.440 get robbed, to get mug Things like that are happening. 0:05:01.480 --> 0:05:03.080 And that's not the only place, of course, like I said, 0:05:03.120 --> 0:05:05.520 in Africa, we've seen lots of the same things in 0:05:05.600 --> 0:05:08.200 zimb In Zimbabwe, they've printed so much money it is 0:05:08.240 --> 0:05:10.680 inflated away the savings of the citizens. There's nothing they 0:05:10.720 --> 0:05:13.040 could do. Um, so they're trying to move their money 0:05:13.040 --> 0:05:16.760 into into something else. Um. You know, other places throughout Africa, 0:05:16.880 --> 0:05:20.039 refugee camps where maybe they don't have access to money, 0:05:20.120 --> 0:05:22.440 they don't have access to banks. We couldn't send them money, 0:05:22.480 --> 0:05:25.680 but if they had an Internet connection, we could send 0:05:25.680 --> 0:05:29.080 them bitcoin directly. Now, cash has been one of the 0:05:29.080 --> 0:05:32.680 best ways to exercise free speech. We talked about talk 0:05:32.720 --> 0:05:35.360 about the best way to vote is with your money, 0:05:35.440 --> 0:05:37.440 and when you have something like cash, you can do that. 0:05:38.480 --> 0:05:40.040 But like I said, in the problem of these places, 0:05:40.080 --> 0:05:44.480 they don't even have the cash. And this really leads 0:05:44.520 --> 0:05:48.880 to human rights. Right, this leads to human rights. So 0:05:48.880 --> 0:05:52.400 sound money is a human right. When I talk about 0:05:52.400 --> 0:05:56.080 sound money, I'm talking about money that cannot be created 0:05:56.120 --> 0:05:59.279 at will, cannot be inflated away. It's money that's not 0:05:59.480 --> 0:06:02.960 liable to sudden appreciation or depreciation and value like in 0:06:03.279 --> 0:06:06.360 Venezuela or in Zimbabwe where they've printed a lot um. 0:06:06.360 --> 0:06:08.880 So that sound money. Now, human right is a right 0:06:08.920 --> 0:06:12.560 that you would think, you believe that belongs to everybody. Right. 0:06:12.600 --> 0:06:16.560 We're born with those things like freedom of association or 0:06:16.800 --> 0:06:20.640 freedom to acquire property or dispose of that property. And 0:06:20.640 --> 0:06:23.640 so like freedom of association being the right to um 0:06:23.680 --> 0:06:25.600 associate with who I want to associate with. Right the 0:06:25.720 --> 0:06:28.400 rather to what we're seeing. You know, in the United States, 0:06:28.440 --> 0:06:30.920 in the First Amendment, we have the right to assemble, 0:06:31.200 --> 0:06:33.400 the right to gather, and then of course the right 0:06:33.440 --> 0:06:35.320 to assemble, the right to gather leads to the right 0:06:35.360 --> 0:06:38.760 to protest. Now, if you believe in democracy, then that 0:06:38.800 --> 0:06:42.600 should be the people getting what they want, right, It 0:06:42.640 --> 0:06:45.640 should be listening to the people. Is supposed to be 0:06:45.680 --> 0:06:50.320 a government of the people, by the people, for the people, 0:06:50.320 --> 0:06:53.560 and so the people should be able to voice what 0:06:53.640 --> 0:06:56.080 it is that they want. Right. And with that right, 0:06:56.120 --> 0:06:59.400 individuals should be free to associate with groups, and those 0:06:59.400 --> 0:07:02.039 groups might have goals and then the problem is those 0:07:02.080 --> 0:07:07.560 goals might run counter to what the regime in power wants. Now, typically, 0:07:07.560 --> 0:07:11.119 like I said, we think about this in in dictatorships, 0:07:11.280 --> 0:07:14.760 right in third world countries. You hear about, you know, 0:07:14.840 --> 0:07:18.400 these elections that are are filled with fraud, right, um, 0:07:18.440 --> 0:07:22.160 and maybe this dictator has completely silenced his his opposition 0:07:22.400 --> 0:07:26.000 and he's stolen the vote, and so, um, you typically 0:07:26.120 --> 0:07:29.760 think about it in those terms. And of course they 0:07:29.800 --> 0:07:32.600 control the money. Then they can control what the people do, 0:07:33.160 --> 0:07:35.760 what the people can buy, But but even more they 0:07:35.760 --> 0:07:38.920 can control how they can move around the country, how 0:07:38.960 --> 0:07:41.520 they may or may not be able to, you know, 0:07:41.640 --> 0:07:44.640 fund the opposition and things like that, um, and so 0:07:44.680 --> 0:07:46.800 it's so important for human rights for us to be 0:07:46.840 --> 0:07:50.240 able to have that sound money have the freedom of association, 0:07:50.280 --> 0:07:52.840 of course, than the freedom to acquire and dispose of property. 0:07:53.080 --> 0:07:57.200 And so I should have the freedom to use my energy, 0:07:57.240 --> 0:08:00.840 to extend my energy to acquire proper so that might 0:08:00.880 --> 0:08:03.680 be food, so I could have food for later. It 0:08:03.680 --> 0:08:05.640 could be a house that I could live in, and 0:08:05.680 --> 0:08:08.280 it could be money that's my property that I could 0:08:08.280 --> 0:08:11.040 spend at a later time. I should also have the 0:08:11.120 --> 0:08:14.720 right to dispose of my property as I see fit. Right, 0:08:14.800 --> 0:08:20.080 my property should be mine. Private property rights underpin every society, 0:08:20.120 --> 0:08:22.360 you have to have private property rights. And so the 0:08:22.400 --> 0:08:26.160 central bank shouldn't have the ability to dispose of my 0:08:26.320 --> 0:08:28.760 money by printing more of it. That's exactly what they do, 0:08:28.840 --> 0:08:33.040 and they print trillions of dollars, my private property becomes worthless. 0:08:33.440 --> 0:08:35.920 And so bitcoin has been one of the tools that's 0:08:35.960 --> 0:08:40.040 been being used for human rights around the world. UM, 0:08:40.040 --> 0:08:43.559 it's freedom money. It allows me freedom because it allows 0:08:43.640 --> 0:08:46.959 me to control my money my property in a way 0:08:47.000 --> 0:08:50.760 that that I see fit. It's anti authoritarian and so 0:08:51.080 --> 0:08:53.480 nobody can tell me what I can and can't do 0:08:53.520 --> 0:08:57.400 with my money or my property. UM it's not it's 0:08:57.440 --> 0:09:01.280 not anti anybody or any or even anti government. It's 0:09:01.320 --> 0:09:05.320 just anti authoritarian because it doesn't allow anybody to control 0:09:05.640 --> 0:09:08.000 what I do with my money. Don't go away, I'll 0:09:08.040 --> 0:09:09.640 be back with more in just a second. All right, 0:09:09.679 --> 0:09:11.680 welcome back. You are listening to the Mark Moa Show, 0:09:11.720 --> 0:09:14.600 and we are talking about the decentralized revolution. We're talking 0:09:14.600 --> 0:09:18.680 about bitcoin and cryptocurrencies. We're talking about the changes that 0:09:18.720 --> 0:09:20.600 are happening in the world right now, so you can 0:09:20.720 --> 0:09:24.520 understand these things in better context of what's going on now. 0:09:24.559 --> 0:09:28.360 Before the break, we were talking about how the world's 0:09:28.400 --> 0:09:31.560 changing rapidly. We're talking about how the technology that we 0:09:31.679 --> 0:09:34.240 use change the way the world organizes, and how this 0:09:34.360 --> 0:09:37.960 new technology, this decentralized technology of bitcoin, is changing the 0:09:37.960 --> 0:09:41.400 way the world works now. Lots of the world lives 0:09:41.559 --> 0:09:45.400 under authoritarian regimes. Um that means that they live you know, 0:09:45.480 --> 0:09:48.199 north you think of North Korea for example, right where 0:09:48.600 --> 0:09:51.120 or Cuba right where. You don't have the right to 0:09:51.160 --> 0:09:53.520 go start a business and make money. Nope, you have 0:09:53.559 --> 0:09:55.600 to rely on the state to give you rations. Their 0:09:55.600 --> 0:09:59.480 authoritarians they control or they they're over you know, they 0:09:59.480 --> 0:10:01.960 have authority over your life. And they basically control every 0:10:02.000 --> 0:10:04.160 aspect of your life, telling you what you can and 0:10:04.240 --> 0:10:08.440 can't do. Of course, you might think of Venezuela, you 0:10:08.520 --> 0:10:11.840 might think of these really you know, third world countries 0:10:11.880 --> 0:10:14.199 in Africa, things like that. When I when I say 0:10:14.200 --> 0:10:17.400 authoritarian regimes, that's typically what you think of North Korea, right, 0:10:20.360 --> 0:10:22.079 And Bigcoin has been helping, it's been helping out. Like 0:10:22.160 --> 0:10:24.480 I said, I was talking about before the break. You know, 0:10:25.040 --> 0:10:27.760 trying to get money to people in those regimes is 0:10:27.800 --> 0:10:30.480 almost impossible because it goes through the banking system, and 0:10:30.520 --> 0:10:34.320 of course the authoritarians control the banking system, and if 0:10:34.360 --> 0:10:37.240 they do let the money get through, they'll take some 0:10:37.280 --> 0:10:39.880 more time. Sometimes over half of the money gets taken 0:10:40.040 --> 0:10:43.280 by bank fees plus um. They're they're cut um. And 0:10:43.280 --> 0:10:45.560 in a lot of these places, they don't allow the 0:10:45.600 --> 0:10:48.120 money to get through. What they want to do is 0:10:48.160 --> 0:10:50.880 have capital control laws. They want to control the capital. 0:10:50.920 --> 0:10:52.640 They don't want to allow you to get out of 0:10:52.679 --> 0:10:55.520 the capital um. They don't want anyone they don't want 0:10:55.520 --> 0:10:57.880 you to be allowed to receive any type of capital 0:10:57.920 --> 0:11:00.280 from anyone else. And of course that's a big problem. 0:11:00.360 --> 0:11:02.840 Right some of these places they're literally starving to death. 0:11:03.480 --> 0:11:05.679 I'm sitting here in the United States, and you know, 0:11:05.880 --> 0:11:07.920 I'm I'm fortunate, and I have some money, and I 0:11:08.000 --> 0:11:10.000 might want to send some of that money to these 0:11:10.040 --> 0:11:13.800 people in these um affected areas, and we're not even 0:11:13.880 --> 0:11:17.439 able to do that. This is a human rights issue 0:11:17.480 --> 0:11:19.640 in my opinion. Now, while you typically think of that 0:11:19.720 --> 0:11:24.920 happening in these authoritarian regimes like Venezuela or like North Korea, 0:11:25.360 --> 0:11:29.440 it's now happening right here in North America. It's a 0:11:29.480 --> 0:11:32.520 matter of fact, we're talking about Canada. Canada is trying 0:11:32.559 --> 0:11:37.440 to become the next authoritarian nation um as fast as 0:11:37.840 --> 0:11:41.200 they can, and I'm talking about fast. Now, this is 0:11:41.240 --> 0:11:43.959 not the typical authoritarian world that we have kind of 0:11:44.000 --> 0:11:46.640 been used to over the last you know whatever four 0:11:46.720 --> 0:11:50.280 or five decades. I grew up as a kid under 0:11:50.280 --> 0:11:52.720 the Cold War. I remember, you know how that was. 0:11:53.040 --> 0:11:54.559 And we've you know, for the last couple of decades, 0:11:54.559 --> 0:11:57.520 we've been seems like, relatively peaceful. But what we're seeing 0:11:57.600 --> 0:12:00.520 is a new form authoritarianism that we haven't seen in 0:12:00.559 --> 0:12:02.520 the past. So in the past, we would see a 0:12:02.559 --> 0:12:06.000 dictator march in with with the military and they would 0:12:06.040 --> 0:12:08.040 have a coup and they would, you know, take over 0:12:08.080 --> 0:12:10.200 a country, maybe lots of people would be would would 0:12:10.200 --> 0:12:12.720 be killed right through that takeover. But today we're seeing 0:12:12.720 --> 0:12:16.600 a new form of authoritarianism, and this time they're smiling 0:12:16.679 --> 0:12:19.480 waving at you. Right, we have Justin Trudeau up there 0:12:19.480 --> 0:12:23.160 in Canada just smiling and waving everybody. And uh, he 0:12:23.240 --> 0:12:27.040 looks so nice and he says nice things and he 0:12:27.120 --> 0:12:31.520 seems so sweet, and he even tells us the right things. 0:12:31.720 --> 0:12:34.800 So I dug up some stuff on Justin Trudeau. We 0:12:34.840 --> 0:12:39.440 saw here in May on May two thousand twelve. You 0:12:39.440 --> 0:12:42.440 can check his Twitter profile. Uh, that's one thing about 0:12:42.440 --> 0:12:46.000 the Internet archives everything, and so back in two thousand twelve, 0:12:46.040 --> 0:12:48.280 he tweeted on his own account he said, I'm going 0:12:48.320 --> 0:12:51.160 to read it. Quote when a government starts trying to 0:12:51.360 --> 0:12:56.360 cancel dissent or avoid dissent is when it's rapidly losing 0:12:56.480 --> 0:13:01.600 its moral authority to govern. End quote. I'm gonna say 0:13:01.640 --> 0:13:03.760 that again. When a government starts to cancel dissent or 0:13:03.800 --> 0:13:08.040 avoid dissent, it's when it's losing its moral authority to govern. 0:13:08.320 --> 0:13:12.000 That's his words. When tries to cancel the center void descent, 0:13:12.000 --> 0:13:14.520 what's descent? So that's when people have a different opinion. 0:13:15.360 --> 0:13:19.280 So when the people don't want what the government may want, 0:13:19.800 --> 0:13:23.720 that is dissent. Now, remember, in a democracy, it's supposed 0:13:23.760 --> 0:13:26.120 to be for the people, by the people of the people. 0:13:26.200 --> 0:13:28.600 It's supposed to be what the people want. The people 0:13:28.640 --> 0:13:31.600 are supposed to be able to discuss that. And in 0:13:31.720 --> 0:13:34.640 his own words, I'll read it back, it's losing its 0:13:34.679 --> 0:13:38.920 more moral authority to govern. So in his own words, 0:13:38.960 --> 0:13:41.600 if he's if he's canceling descent, which is exactly what 0:13:41.600 --> 0:13:43.480 we've been seeing happened in Canada for the last couple 0:13:43.520 --> 0:13:45.920 of weeks, he has him, in his own words, lost 0:13:46.000 --> 0:13:48.640 his own moral authority to govern. So they say nice 0:13:48.679 --> 0:13:50.280 things like that in two thousand twelve and then you 0:13:50.320 --> 0:13:54.760 believe um um. Then in March, on March thirty, two twenty, 0:13:54.880 --> 0:13:57.640 he tweeted out, I'll read it quote. While many of 0:13:57.679 --> 0:13:59.760 us are working from home, there are others who aren't 0:13:59.760 --> 0:14:02.280 able to do that, like the truck drivers who are 0:14:02.320 --> 0:14:05.560 working day and night to make sure our shelves are stocked. 0:14:05.800 --> 0:14:09.000 So when you can, please thank a trucker for everything 0:14:09.000 --> 0:14:11.880 they're doing and help them. However, you can end quote 0:14:12.160 --> 0:14:15.760 that was just two years ago. Thank the truckers because 0:14:15.960 --> 0:14:19.000 they're out there risking their lives while we're all hiding 0:14:19.080 --> 0:14:21.280 at home. That's what he said. So they say nice 0:14:21.280 --> 0:14:26.160 things like that, but if we would go even further back, 0:14:26.360 --> 0:14:29.280 maybe we would find out what their real intentions are. 0:14:29.680 --> 0:14:31.600 As a matter of fact, as I like to say, 0:14:31.760 --> 0:14:34.960 I want to take them at their word, and so 0:14:35.480 --> 0:14:37.680 I read their books, I listen to what they say. 0:14:37.680 --> 0:14:39.160 And as a matter of fact, I have a clip 0:14:39.520 --> 0:14:42.360 from Trudeau that I want to play for you right here, 0:14:42.560 --> 0:14:45.240 and in his own words, he's going to tell us 0:14:45.280 --> 0:14:47.200 exactly what he wants. Let's go ahead and play that 0:14:47.240 --> 0:14:52.360 clip about Trudeau. He level of admiration I actually have 0:14:52.600 --> 0:15:00.320 for China, um, because they're basic dictatorship is allowing them, 0:15:00.440 --> 0:15:02.800 uh to actually turn their economy around on a dime. 0:15:03.960 --> 0:15:09.840 Hm hmm. So he really likes China because it's a 0:15:09.960 --> 0:15:13.480 dictator Uh. Now, Look, this is not a show about politics. 0:15:13.480 --> 0:15:14.920 There's plenty of shows that you can listen to talk 0:15:14.960 --> 0:15:17.520 about politics. We're talking about the decentralized revolution. So what 0:15:17.560 --> 0:15:19.360 does all this have to do with bitcoin and all 0:15:19.400 --> 0:15:21.720 of that. Well, what it has to do with all 0:15:21.760 --> 0:15:24.560 of that is Trudeau wanting to be a dictator has 0:15:24.680 --> 0:15:29.000 enacted what he's calling the Emergency's Act, and in this 0:15:29.080 --> 0:15:33.160 Emergency's Act, he wants to take over your money. Not 0:15:33.200 --> 0:15:35.600 only just take over your money, he wants to control 0:15:35.720 --> 0:15:38.600 every aspect of your money. Um. And let's go ahead, 0:15:38.600 --> 0:15:40.240 and I have a clip queued up for that for 0:15:40.280 --> 0:15:43.560 this uh, for this emergency at God and play that clip. First. 0:15:44.080 --> 0:15:47.400 We are broadening the scope of Canada's anti money laundering, 0:15:47.600 --> 0:15:53.280 laundering and terrorist financing rules so that they cover crowdfunding 0:15:53.360 --> 0:15:59.040 platforms and the payments service providers they use. These changes 0:15:59.120 --> 0:16:08.440 cover all forms of transactions, including digital assets such as cryptocurrencies. Hm. Hm, 0:16:08.440 --> 0:16:11.240 so um. You know, if you don't go along with 0:16:11.280 --> 0:16:14.880 the party line, then they want to not only seize 0:16:14.920 --> 0:16:17.680 your accounts, seize your bank accounts, take your money, but 0:16:17.840 --> 0:16:21.360 if anybody even tries to offer you money or help you, 0:16:21.760 --> 0:16:25.600 they want to call that terrorism. It sounds like they've 0:16:25.600 --> 0:16:27.720 gone a long way away from what he said in 0:16:27.760 --> 0:16:31.600 two thousand twelve, which is any government that try tries 0:16:31.720 --> 0:16:35.000 to cancel or avoid dissent has loss or more authority. 0:16:35.600 --> 0:16:38.080 And so it's about the money. That's why we say 0:16:38.120 --> 0:16:40.720 if we can fix the money, we can fix the world. 0:16:41.440 --> 0:16:44.800 We need to have freedom in our money. It's a 0:16:44.920 --> 0:16:47.280 human rights issue. Now when I talk about it in 0:16:47.880 --> 0:16:52.360 Venezuela or Africa or North Korea, you seem to get it. 0:16:52.960 --> 0:16:55.080 But do you get it when it's happening right here 0:16:55.160 --> 0:16:58.480 in Canada Because it's coming really quick, not only to 0:16:58.560 --> 0:17:02.000 Canada but also to the United States. I want to 0:17:02.040 --> 0:17:04.320 explain to you what this Emergency Act is. I want 0:17:04.320 --> 0:17:07.200 to talk about the terrorist financing. I want to talk 0:17:07.200 --> 0:17:10.280 about what's happening in the United States in regards to this, 0:17:10.680 --> 0:17:12.960 and then I want to game plan this out. Where 0:17:12.960 --> 0:17:15.639 does this go? What can they really do? And then 0:17:15.640 --> 0:17:18.560 we're gonna talk about some privacy coins. Using privacy is 0:17:18.600 --> 0:17:21.000 bitcoin private? I have a lot more to cover. You're 0:17:21.000 --> 0:17:23.400 listening to the Markma Show. We're talking about the decentralized 0:17:23.440 --> 0:17:26.200 revolution that we are living through right now with bitcoin 0:17:26.280 --> 0:17:29.680 and cryptocurrencies. We're talking about in context of what is 0:17:29.720 --> 0:17:32.720 going on right now. I'm telling you history books are 0:17:32.760 --> 0:17:34.879 gonna be written about this, and so you need to 0:17:34.960 --> 0:17:38.640 understand what's going on. I have a lot more to cover, uh, 0:17:38.720 --> 0:17:40.359 a lot of ground to cover, a lot more quotes, 0:17:40.560 --> 0:17:43.880 So don't go away. You're listening to the Mark Ma Show. 0:17:44.200 --> 0:17:46.960 I'm gonna be right back with more. Everyone, Welcome back. 0:17:47.000 --> 0:17:48.919 You are listening to The Mark Ma Show. And we 0:17:48.960 --> 0:17:51.919 are talking about the decentralized revolution. We're talking about bitcoin, 0:17:51.960 --> 0:17:55.600 we're talking about cryptocurrencies. A lot of ground to cover, 0:17:56.440 --> 0:17:58.399 a lot of ground to cover right now because the 0:17:58.440 --> 0:18:00.880 world is changing so fast, and so I'm with you 0:18:01.440 --> 0:18:04.199 each end, every week trying to keep you up to 0:18:04.320 --> 0:18:06.960 date on what is happening, because if you don't understand 0:18:07.000 --> 0:18:09.440 it in the context of what is happening right now, 0:18:09.960 --> 0:18:12.399 then you won't be able to understand what's going on now. 0:18:12.440 --> 0:18:16.160 This is going to be the biggest shift we'll ever 0:18:16.160 --> 0:18:18.199 see in our lifetime, in multiple lifetimes, and it might 0:18:18.240 --> 0:18:19.639 be one of the biggest shifts we've seen in the 0:18:19.720 --> 0:18:23.720 last two and fifty years, maybe five hundred years. And uh, 0:18:23.840 --> 0:18:26.040 I know that sounds pretty big, but that is what 0:18:26.200 --> 0:18:28.400 is happening. That's why it's important that you are paying attention, 0:18:28.680 --> 0:18:31.400 and that's why you should be tuning into me each 0:18:31.440 --> 0:18:33.760 end every week if you're not already, So if you're 0:18:33.760 --> 0:18:36.400 not driving your car, you could stop. You can pull 0:18:36.440 --> 0:18:38.119 out your phone and you can put on a calendar 0:18:38.119 --> 0:18:40.720 reminder to join me. Each end, every week, at this time, 0:18:40.960 --> 0:18:44.600 at this channel. UH, it's the most profitable, it's the 0:18:44.600 --> 0:18:47.520 most important, is the most informative and educational part of 0:18:47.560 --> 0:18:50.080 your week, So don't miss out. Now. Before the break, 0:18:50.160 --> 0:18:53.920 we were talking about UM what's going on. We're talking 0:18:53.960 --> 0:18:57.919 about authoritarian regimes across the world. We're talking about authority 0:18:57.960 --> 0:19:00.199 chian regimes that you might consider like North Korea, UH 0:19:00.520 --> 0:19:03.480 or third world countries in Africa or South America, things 0:19:03.520 --> 0:19:07.280 like that, and how getting you know, a humanitarian aid 0:19:07.320 --> 0:19:10.320 to those people has is important, UM. But but getting 0:19:10.359 --> 0:19:13.199 the humanitarian aid to them in traditional UM channels like 0:19:13.280 --> 0:19:15.560 through banks and things like that is very difficult because 0:19:15.600 --> 0:19:19.000 a lot of these authoritarian regimes, these dictators UM don't 0:19:19.000 --> 0:19:20.800 want you to send them money. And if you do 0:19:20.920 --> 0:19:23.320 send them money, they're gonna take it or take a 0:19:23.359 --> 0:19:25.480 big chunk of it. And even if they don't, the 0:19:25.520 --> 0:19:28.359 banks take a big chunk of it. UM. If you 0:19:28.440 --> 0:19:30.240 have a friend or you have a family member, or 0:19:30.240 --> 0:19:34.040 you know somebody who's like literally starving in South Korea 0:19:34.160 --> 0:19:36.719 or I'm sorry, North Korea, good luck trying to get 0:19:36.760 --> 0:19:40.040 them money. Right, You can't do that, UM. But if 0:19:40.040 --> 0:19:43.120 you have something like bitcoin, you can you can send 0:19:43.119 --> 0:19:45.560 them bitcoin? We can see you know, we've we've talked 0:19:45.600 --> 0:19:48.280 about extensively what's going on down in El Salvador. And 0:19:49.680 --> 0:19:52.280 about thirty percent of the gross domestick product of El 0:19:52.320 --> 0:19:55.040 Salvador comes from remittances. That means people in the United 0:19:55.080 --> 0:19:59.000 States sending them money. Now, the nation of El Salvadore 0:19:59.040 --> 0:20:01.800 doesn't block that does and steal it, but put the 0:20:01.880 --> 0:20:05.240 fees add up either way. But in some countries, like 0:20:05.240 --> 0:20:07.840 I'm saying, in these authority and regimes, these dictatorships, they 0:20:07.920 --> 0:20:12.280 do take the money. And while that seems somewhat understandable 0:20:12.320 --> 0:20:14.920 and you understand maybe that's actually a pretty good use case, 0:20:15.240 --> 0:20:18.720 right human rights, human aid, etcetera. You don't think about 0:20:18.760 --> 0:20:23.120 it happening right here in North America, right here in Canada, 0:20:23.600 --> 0:20:26.919 or right here in the United States. But that's exactly 0:20:26.920 --> 0:20:32.359 what's happening. Justin Trudeau has put into place the Emergencies Act. 0:20:32.440 --> 0:20:35.520 We talked about in that in the last UM in 0:20:35.520 --> 0:20:37.680 the last break before the break, and I played you 0:20:37.720 --> 0:20:40.360 a clip of exactly what they said, and they said 0:20:40.400 --> 0:20:44.520 that they want to UM look at anybody who's funding 0:20:45.400 --> 0:20:49.600 something they don't like UM dissent, which in his own words, 0:20:49.600 --> 0:20:51.560 and she doesn't twelve. He said that if anyone tries 0:20:51.600 --> 0:20:53.840 to block dissent, they're losing the mora authority to govern. 0:20:54.359 --> 0:20:56.800 But now they want to block this descent, and anybody 0:20:56.840 --> 0:21:00.720 that wants to help them UM could be labeled as 0:21:00.760 --> 0:21:04.600 a terrorist. So they've gone a step further. We've seen UM. 0:21:04.640 --> 0:21:09.320 The Royal Canadian Mounted Police r CMP, Canada's national police force, 0:21:09.359 --> 0:21:14.120