1 00:00:00,000 --> 00:00:02,240 Speaker 1: Hello, and welcome back to another episode of The Markma Show, 2 00:00:02,240 --> 00:00:05,520 Speaker 1: where we're talking about the decentralized revolution each and every week, 3 00:00:05,960 --> 00:00:08,119 Speaker 1: and we look at it through the lens of politics, finance, 4 00:00:08,240 --> 00:00:13,200 Speaker 1: and technologies. You can make uh context, you can have 5 00:00:13,240 --> 00:00:15,080 Speaker 1: better context to what's going on in the world today, 6 00:00:15,280 --> 00:00:16,560 Speaker 1: because a lot of times you look at pieces of 7 00:00:16,600 --> 00:00:18,880 Speaker 1: information and you just don't really understand them, and so 8 00:00:18,920 --> 00:00:21,360 Speaker 1: we're trying to try to change that. And so you know, 9 00:00:21,440 --> 00:00:23,920 Speaker 1: I want to bring to you some ways some different 10 00:00:23,920 --> 00:00:25,800 Speaker 1: perspectives to look at things, some of the latest breaking news, 11 00:00:25,840 --> 00:00:27,480 Speaker 1: and that's what we're gonna look at right now. I've 12 00:00:27,480 --> 00:00:29,440 Speaker 1: got a lot of big stories that have dropped down 13 00:00:29,440 --> 00:00:31,800 Speaker 1: this week that I want to cover, including what's going 14 00:00:31,840 --> 00:00:36,080 Speaker 1: on with bitcoin, cryptocurrencies and stable coins, UM, big big, 15 00:00:36,120 --> 00:00:39,680 Speaker 1: big movements in the regulations that are coming some big 16 00:00:39,680 --> 00:00:42,560 Speaker 1: heavy hands um that are coming down, some new legislation 17 00:00:42,560 --> 00:00:44,800 Speaker 1: pieces that have come down. We'll look at some of 18 00:00:44,840 --> 00:00:48,159 Speaker 1: the more of the F T X S B F drama. 19 00:00:48,560 --> 00:00:51,120 Speaker 1: A lot of drama happening there. I'm wanna look at 20 00:00:51,159 --> 00:00:54,640 Speaker 1: some of the what I call the revolution files, which is, uh, 21 00:00:54,800 --> 00:00:57,280 Speaker 1: the world is changing right now and it's being led 22 00:00:57,280 --> 00:01:00,840 Speaker 1: by one catalyst, and it's all being turned around. Truth 23 00:01:01,480 --> 00:01:03,760 Speaker 1: we're talking about that, we're looking at the economy, what's 24 00:01:03,760 --> 00:01:05,640 Speaker 1: gonna happen with the economy, And then I want to 25 00:01:05,680 --> 00:01:09,880 Speaker 1: give you what I I'm gonna give you my three 26 00:01:10,000 --> 00:01:13,360 Speaker 1: outlooks and predictions. So I got a lot to cover. 27 00:01:13,800 --> 00:01:15,360 Speaker 1: Let's go ahead and just jump right into it. Stick 28 00:01:15,400 --> 00:01:18,039 Speaker 1: with me here, and so right off the bat, let's 29 00:01:18,080 --> 00:01:20,720 Speaker 1: just start up talking about bitcoin and cryptocurrencies and stable 30 00:01:20,760 --> 00:01:22,680 Speaker 1: coins and laws and all of that kind of stuff. 31 00:01:22,720 --> 00:01:25,000 Speaker 1: And so what we've seen is that, you know, it's 32 00:01:25,000 --> 00:01:26,760 Speaker 1: been a bad year for cryptocurrency. It's been a bad 33 00:01:26,800 --> 00:01:30,039 Speaker 1: year for bitcoin. Bitcoin is down, you know, six from 34 00:01:30,040 --> 00:01:33,000 Speaker 1: its peak back in November of two thoe. So over 35 00:01:33,120 --> 00:01:38,200 Speaker 1: a year of downward directions. Been a tough year if 36 00:01:38,240 --> 00:01:40,680 Speaker 1: you're a bitcoin or if you're if you're a cryptocurrency advocate. 37 00:01:41,040 --> 00:01:43,800 Speaker 1: But have we found the bottom now? I've been talking 38 00:01:43,800 --> 00:01:47,120 Speaker 1: about the bottom for quite a while, very simply, very simply. 39 00:01:47,319 --> 00:01:49,960 Speaker 1: Markets stopped going up when there's no more buyers, and 40 00:01:50,000 --> 00:01:52,120 Speaker 1: markets stopped going down there's no more sellers. And so 41 00:01:52,120 --> 00:01:54,000 Speaker 1: we're trying to find the point of when have we 42 00:01:54,120 --> 00:01:57,680 Speaker 1: exhausted all the selling and we look through some telltale 43 00:01:57,800 --> 00:02:00,120 Speaker 1: signs I've been talking about um where I believe if 44 00:02:00,120 --> 00:02:02,680 Speaker 1: we've kind of found that bottom, we've exhausted that selling 45 00:02:02,680 --> 00:02:04,520 Speaker 1: for the last couple of couple of months, and I 46 00:02:04,560 --> 00:02:06,560 Speaker 1: think it's right here around this kind of sixteen to 47 00:02:06,680 --> 00:02:09,480 Speaker 1: eighteen thousand dollar price point, and we're continue to see 48 00:02:09,520 --> 00:02:11,959 Speaker 1: more and more and more details and more info that 49 00:02:12,080 --> 00:02:13,840 Speaker 1: show that. And so this week we saw that it 50 00:02:13,840 --> 00:02:17,000 Speaker 1: looks like the whales wells are people that buy big 51 00:02:17,040 --> 00:02:20,560 Speaker 1: amounts at a time, are starting to accumulate bitcoin. So 52 00:02:20,720 --> 00:02:23,079 Speaker 1: one thing that breaks bitcoin out from every other financial 53 00:02:23,120 --> 00:02:26,240 Speaker 1: asset is that it's an open source, open ledger, and 54 00:02:26,240 --> 00:02:27,919 Speaker 1: so we can see all of this data that we 55 00:02:27,919 --> 00:02:30,560 Speaker 1: would normally see. And what we can see is, as 56 00:02:30,560 --> 00:02:32,280 Speaker 1: I said, like bitcoin seems to be locked into this 57 00:02:32,400 --> 00:02:35,440 Speaker 1: like sixteen to eighteen thousand dollar price point, which is 58 00:02:35,480 --> 00:02:39,120 Speaker 1: pretty amazing considering how much more bad news continues to 59 00:02:39,160 --> 00:02:42,920 Speaker 1: come out. Ft X went down, you know, billions of 60 00:02:42,960 --> 00:02:47,120 Speaker 1: dollars are gone. Didn't seem to budge finance now could 61 00:02:47,160 --> 00:02:49,919 Speaker 1: potentially go down. What about gray scale bitcoin trust could 62 00:02:49,919 --> 00:02:52,680 Speaker 1: break apart? What about Genesis going down? And none of 63 00:02:52,720 --> 00:02:56,320 Speaker 1: this bad news seems to push the price down anymore. 64 00:02:56,720 --> 00:02:58,760 Speaker 1: As a matter of fact, the price has been so 65 00:02:58,800 --> 00:03:01,600 Speaker 1: stable bitcoin is to quickly people like, oh, bitcoin is 66 00:03:01,639 --> 00:03:04,600 Speaker 1: too volatile, and so it has been very volatile. But 67 00:03:04,639 --> 00:03:08,720 Speaker 1: bitcoin has been so stable that the volatility has been dropping. 68 00:03:08,760 --> 00:03:12,080 Speaker 1: As a matter of fact, the annualized one month realized 69 00:03:12,160 --> 00:03:16,440 Speaker 1: volacility fell to a two year low of thirty eight percent. 70 00:03:16,560 --> 00:03:20,000 Speaker 1: I think we talked about that last week. But what 71 00:03:20,040 --> 00:03:21,840 Speaker 1: we know is that bitcoin is volatile, and so we 72 00:03:21,840 --> 00:03:25,040 Speaker 1: shouldn't expect it to stay there for long. Which way 73 00:03:25,080 --> 00:03:27,400 Speaker 1: will it go? Well, what we can see from the 74 00:03:27,440 --> 00:03:29,919 Speaker 1: on chained data is, like I said, these big accounts, 75 00:03:29,960 --> 00:03:33,640 Speaker 1: these big wallets or or whales are accumulating. As a 76 00:03:33,639 --> 00:03:36,120 Speaker 1: matter of fact, they've been accumulating a lot. We've seen 77 00:03:36,280 --> 00:03:41,800 Speaker 1: large wallets have accumulated over four hundred thousand bitcoin almost 78 00:03:41,880 --> 00:03:45,520 Speaker 1: seven billion dollars worth a bitcoin at today's price um 79 00:03:45,840 --> 00:03:50,840 Speaker 1: since um since bitcoin hit about that eight eighteen thousand 80 00:03:50,840 --> 00:03:54,440 Speaker 1: dollar level um in November, and so they've been accumulated. 81 00:03:54,440 --> 00:03:57,840 Speaker 1: They're buying that up now. The reason why that's important 82 00:03:57,840 --> 00:04:00,400 Speaker 1: to understand is you're trying to find out where support 83 00:04:00,400 --> 00:04:03,480 Speaker 1: and resistance is. Like I said, markets stopped going down 84 00:04:03,560 --> 00:04:06,640 Speaker 1: when there's no more sellers, and so the selling seems 85 00:04:06,680 --> 00:04:09,320 Speaker 1: to have been exhausted, and now what we're seeing is 86 00:04:09,600 --> 00:04:12,400 Speaker 1: massive amounts of buying at that level, so that that 87 00:04:12,480 --> 00:04:15,160 Speaker 1: creates support, all right, and so let me let me 88 00:04:15,200 --> 00:04:16,880 Speaker 1: explain a little bit more over the last week, we 89 00:04:16,920 --> 00:04:19,760 Speaker 1: saw these um wallets just in the last week have 90 00:04:19,839 --> 00:04:23,960 Speaker 1: experienced an inflo of over seventy thousand bitcoin UM Around 91 00:04:23,960 --> 00:04:26,760 Speaker 1: a hundred and twenty thousand bitcoin was accumulated at the 92 00:04:26,839 --> 00:04:30,040 Speaker 1: sixteen thousand dollar level. And the reason why that's important 93 00:04:30,120 --> 00:04:32,799 Speaker 1: understand is that seems to be an area that's very, 94 00:04:33,040 --> 00:04:37,600 Speaker 1: very aggressively defended. So if the price dips down below 95 00:04:37,680 --> 00:04:41,000 Speaker 1: seventeen thousand, lots of buying comes back out to keep 96 00:04:41,040 --> 00:04:43,000 Speaker 1: it back up to that level. And the reason why 97 00:04:43,000 --> 00:04:46,599 Speaker 1: that's important is that we would then maybe say, well, 98 00:04:47,600 --> 00:04:50,360 Speaker 1: that's kind of set a floor. Maybe it can't drop 99 00:04:50,400 --> 00:04:52,839 Speaker 1: down below because who's going to sell Their sellers have 100 00:04:52,839 --> 00:04:55,200 Speaker 1: been exhausted, But we have lots of people that want 101 00:04:55,200 --> 00:04:57,719 Speaker 1: to buy if it gets down to that price point. 102 00:04:58,120 --> 00:04:59,760 Speaker 1: And so it looks like we might have found the 103 00:04:59,800 --> 00:05:02,480 Speaker 1: ba him and things are turning around, which is important 104 00:05:02,480 --> 00:05:06,840 Speaker 1: for bitcoin and the cryptocurrency space UM, and like I said, 105 00:05:06,960 --> 00:05:09,039 Speaker 1: it's been a tough year, right because of all of 106 00:05:09,080 --> 00:05:13,239 Speaker 1: the chaos that's happened with these these big exchanges going down, 107 00:05:13,839 --> 00:05:16,200 Speaker 1: and with these big exchanges like f t X, all 108 00:05:16,240 --> 00:05:19,280 Speaker 1: the fraud, all the money has been lost. We have 109 00:05:20,320 --> 00:05:22,920 Speaker 1: a lot of new regulations now. A lot of times 110 00:05:22,960 --> 00:05:24,680 Speaker 1: and I made a video talking about could f t 111 00:05:24,880 --> 00:05:26,480 Speaker 1: X have been like some sort of a psy op 112 00:05:26,920 --> 00:05:28,200 Speaker 1: And a lot of times we can see that they 113 00:05:28,279 --> 00:05:32,000 Speaker 1: may use these types of things UM to garner public 114 00:05:32,040 --> 00:05:35,480 Speaker 1: support where the public is now begging please give us regulations. 115 00:05:35,560 --> 00:05:38,159 Speaker 1: We need you to protect us. And so UM we're 116 00:05:38,240 --> 00:05:41,040 Speaker 1: keeping an eye on what's happening because these regulations are 117 00:05:41,120 --> 00:05:44,599 Speaker 1: going to dramatically shift and change the face of of 118 00:05:44,600 --> 00:05:49,160 Speaker 1: bitcoin and cryptocurrency. Now we have maybe one of the 119 00:05:49,200 --> 00:05:54,880 Speaker 1: most pro bitcoin, pro crypto U S Senators UM, Senator 120 00:05:54,920 --> 00:05:58,240 Speaker 1: Pat Toomey is retiring and so he's been a pro 121 00:05:58,440 --> 00:06:01,279 Speaker 1: he's been an advocate for a bitcoin pitocurrencies, and now 122 00:06:01,279 --> 00:06:03,560 Speaker 1: he's retiring. So that's a little bit of a bummer. 123 00:06:03,600 --> 00:06:07,160 Speaker 1: We need as many supporters as we can in government. However, 124 00:06:07,480 --> 00:06:10,200 Speaker 1: he's leaving us with a final gift, and that final 125 00:06:10,200 --> 00:06:12,560 Speaker 1: gift is A is a bill that he that he's 126 00:06:12,560 --> 00:06:16,840 Speaker 1: introduced to guide UM stable coin legislation next year, and 127 00:06:16,839 --> 00:06:19,160 Speaker 1: he said, quote, I hope this framework lays the groundwork 128 00:06:19,200 --> 00:06:24,000 Speaker 1: for my colleagues to pass legislation next year safeguarding customer 129 00:06:24,080 --> 00:06:29,320 Speaker 1: funds without inhibiting innovation. And so that's the thing. It's like, 130 00:06:29,360 --> 00:06:31,760 Speaker 1: you start putting laws into place on this brand new technology, 131 00:06:31,960 --> 00:06:33,640 Speaker 1: then all of a sudden, it starts to change the 132 00:06:33,680 --> 00:06:35,960 Speaker 1: direction or limit the direction or limit the growth that 133 00:06:36,000 --> 00:06:38,039 Speaker 1: its potential. And so what he's saying is, look, we're 134 00:06:38,040 --> 00:06:42,479 Speaker 1: hoping that this safeguards customers but doesn't limit innovation. And 135 00:06:42,520 --> 00:06:44,760 Speaker 1: so that's, oh, that's that's the right approach. Now, UM 136 00:06:44,800 --> 00:06:47,320 Speaker 1: for no regulations, I think I should be free to 137 00:06:47,520 --> 00:06:50,120 Speaker 1: protect myself. But if they're going to do something, they 138 00:06:50,160 --> 00:06:53,480 Speaker 1: should try to do uh as little as harm as possible. Right, 139 00:06:54,160 --> 00:06:57,400 Speaker 1: how can we protect but without hurting it? And so 140 00:06:57,480 --> 00:06:59,680 Speaker 1: that's where that's where he's he's kind of been at. 141 00:06:59,839 --> 00:07:01,560 Speaker 1: But what he's really been talking about is these stable 142 00:07:01,560 --> 00:07:05,520 Speaker 1: coin transactions. UM. The bill that he introduced would retain 143 00:07:05,839 --> 00:07:09,800 Speaker 1: privacy for stable coin transactions. Of course, losing our privacy 144 00:07:09,800 --> 00:07:11,760 Speaker 1: as the single greatest threat that we have and so 145 00:07:11,840 --> 00:07:14,880 Speaker 1: that this bill retains privacy for that. It sets up 146 00:07:14,880 --> 00:07:18,680 Speaker 1: the controller currency UM as a way to license companies 147 00:07:18,760 --> 00:07:21,840 Speaker 1: issuing UM payments on stable coins. This is a big 148 00:07:21,840 --> 00:07:23,960 Speaker 1: piece of innovation. We're open to get where we could 149 00:07:23,960 --> 00:07:26,800 Speaker 1: actually use stable coins for payment transactions, you know, in 150 00:07:26,880 --> 00:07:30,680 Speaker 1: Starbucks or wealth Starbucks or McDonald's or whatever it may be. 151 00:07:31,280 --> 00:07:34,800 Speaker 1: It also lets non bake entities issue tokens, and it 152 00:07:34,840 --> 00:07:38,720 Speaker 1: also clarifies UM the stable coin issuers that don't offer 153 00:07:38,880 --> 00:07:43,520 Speaker 1: interest wouldn't have to worry about securities laws. It's a 154 00:07:43,520 --> 00:07:45,040 Speaker 1: big piece, right, This is the right. This is the 155 00:07:45,040 --> 00:07:48,040 Speaker 1: clarity that people are looking for UM, and so that's 156 00:07:48,080 --> 00:07:50,400 Speaker 1: that's big. It would also require digital tokens to maintain 157 00:07:50,440 --> 00:07:53,400 Speaker 1: a steady value by pegging to an asset such as 158 00:07:53,400 --> 00:07:55,880 Speaker 1: the dollar. I'm sorry. It would require that digital tokens 159 00:07:55,920 --> 00:08:00,080 Speaker 1: that do UM hold a steady value peg to and 160 00:08:00,200 --> 00:08:02,360 Speaker 1: ask it like a dollar. They have to be fully 161 00:08:02,560 --> 00:08:08,120 Speaker 1: backed by reserves. What a great idea. So it's supposed 162 00:08:08,120 --> 00:08:09,400 Speaker 1: to be a stable coin. It is supposed to be 163 00:08:09,400 --> 00:08:11,000 Speaker 1: pegged one to one to the dollar. That I give 164 00:08:11,040 --> 00:08:12,360 Speaker 1: you a dollar, you give me a token back, and 165 00:08:12,440 --> 00:08:13,600 Speaker 1: in the point I should give you the token to 166 00:08:13,600 --> 00:08:16,280 Speaker 1: give you my dollar back, So that means you should 167 00:08:16,320 --> 00:08:18,480 Speaker 1: hold on to the dollar. So whenever I'm ready to 168 00:08:18,520 --> 00:08:20,640 Speaker 1: get my dollar back, you give it to me. And 169 00:08:20,720 --> 00:08:23,920 Speaker 1: that's what he's saying, and wow, what a what an idea, 170 00:08:24,040 --> 00:08:28,720 Speaker 1: what an innovation. UM And his new legislation is pointedly 171 00:08:28,880 --> 00:08:33,200 Speaker 1: meant to keep the Federal Reserve away from this sector. 172 00:08:33,559 --> 00:08:36,160 Speaker 1: This is the big thing, the danger of CBDCs. We've 173 00:08:36,200 --> 00:08:38,960 Speaker 1: talked about this, and so this legislation is aimed to 174 00:08:39,160 --> 00:08:42,079 Speaker 1: keep the FED away from this sector. UM and what 175 00:08:42,120 --> 00:08:46,000 Speaker 1: he calls a potential conflict of interest if the FED 176 00:08:46,120 --> 00:08:48,319 Speaker 1: is authorized to create a digital dollar in the future, 177 00:08:48,320 --> 00:08:54,439 Speaker 1: because the FED isn't legally constitutionally able to create money. 178 00:08:55,880 --> 00:08:58,199 Speaker 1: That's up to the government, that's up to the Treasury, 179 00:08:58,360 --> 00:09:00,440 Speaker 1: the Treasury, and so the FED should not be able 180 00:09:00,440 --> 00:09:02,680 Speaker 1: to make digital dollars. They don't make money, they don't 181 00:09:02,679 --> 00:09:06,440 Speaker 1: make currency. The Treasury does, as this law prohibits them 182 00:09:06,480 --> 00:09:08,400 Speaker 1: from doing that. If you're just tuning in you're listening 183 00:09:08,440 --> 00:09:09,920 Speaker 1: to the Mark Moa show, we're talking about some of 184 00:09:09,920 --> 00:09:13,119 Speaker 1: the latest breaking news happening in the in the UH 185 00:09:13,240 --> 00:09:19,400 Speaker 1: bitcoin digital cryptocurrency market. As we map out the decentralized revolution. 186 00:09:19,400 --> 00:09:20,959 Speaker 1: I got a lot more to come. When I come back, 187 00:09:20,960 --> 00:09:23,040 Speaker 1: I gotta take a quick break. We're gonna talk about 188 00:09:23,480 --> 00:09:25,760 Speaker 1: some of the SPF F t X drama, some of 189 00:09:25,800 --> 00:09:28,520 Speaker 1: these big revolutions that are happening in freedom of speech, 190 00:09:28,720 --> 00:09:30,880 Speaker 1: that and more. I'll be right back. Hello, and welcome 191 00:09:30,880 --> 00:09:32,800 Speaker 1: back to another episode of the Markma Show, where we're 192 00:09:32,800 --> 00:09:35,920 Speaker 1: talking about the decentralized revolution each and every week. Of course, 193 00:09:35,960 --> 00:09:38,080 Speaker 1: as we look at it through the lens of politics, finance, 194 00:09:38,240 --> 00:09:42,760 Speaker 1: and technology, and the technology being bitcoin and the decentralized 195 00:09:43,080 --> 00:09:46,839 Speaker 1: technology that's bringing us and there's so much going on 196 00:09:46,960 --> 00:09:49,000 Speaker 1: everywhere you look. Now, Like I said, we're talking about 197 00:09:49,000 --> 00:09:52,480 Speaker 1: the decentralized revolution, the way the world is changing. One 198 00:09:52,480 --> 00:09:54,480 Speaker 1: of the things that's rapidly changing, of course as we 199 00:09:54,480 --> 00:09:57,760 Speaker 1: look at it through politics and finance and technology together 200 00:09:58,960 --> 00:10:02,880 Speaker 1: is the way that uh, freedom of speech has been 201 00:10:03,360 --> 00:10:07,960 Speaker 1: controlled and censored and managed and so forth. And this 202 00:10:08,000 --> 00:10:10,720 Speaker 1: is a really big deal. Now we've talked about the 203 00:10:10,760 --> 00:10:14,080 Speaker 1: threat that central bank digital currencies posed because they censor 204 00:10:14,640 --> 00:10:20,280 Speaker 1: our ability to communicate value but with money, but sensoring 205 00:10:20,320 --> 00:10:23,559 Speaker 1: our speech like on on social media platforms also censors 206 00:10:23,559 --> 00:10:29,680 Speaker 1: our communication but with words. Now, I believe that, you know, 207 00:10:29,720 --> 00:10:32,120 Speaker 1: the Bible says that truth self sets you free. I 208 00:10:32,160 --> 00:10:36,000 Speaker 1: believe that the truth will always be found if we're 209 00:10:36,040 --> 00:10:41,160 Speaker 1: able to have open, honest dialogue, intelligent dialogue. The truth 210 00:10:41,240 --> 00:10:45,439 Speaker 1: is found. If somebody says something stupid, something cookie, something weird, 211 00:10:45,840 --> 00:10:50,160 Speaker 1: some misinformation, so to speak, it's very quickly found out 212 00:10:50,520 --> 00:10:54,719 Speaker 1: if we're allowed to have open dialogue about it. Right, 213 00:10:55,040 --> 00:10:56,760 Speaker 1: A lot of times I might see something being posted 214 00:10:56,760 --> 00:10:58,240 Speaker 1: on Twitter and I'm like, oh, that's so good. I 215 00:10:58,240 --> 00:11:00,440 Speaker 1: didn't think about that, and then I go read comments 216 00:11:00,440 --> 00:11:02,360 Speaker 1: and I'm like, oh, wait a minute, this guy is 217 00:11:02,400 --> 00:11:04,839 Speaker 1: wrong because this is bright dadada. And so it's it's that, 218 00:11:04,920 --> 00:11:08,080 Speaker 1: it's that conversation. It is that dialogue that allows us 219 00:11:08,120 --> 00:11:12,920 Speaker 1: to understand what the truth is, not through censorship, not 220 00:11:13,000 --> 00:11:16,480 Speaker 1: through having one voice telling us that's the opposite, that's 221 00:11:16,520 --> 00:11:19,199 Speaker 1: the opposite. And the reason why it's important is because 222 00:11:19,559 --> 00:11:23,040 Speaker 1: in order for the centralization of the world, as I 223 00:11:23,120 --> 00:11:25,600 Speaker 1: argue that the world has been swinging towards centralization and 224 00:11:25,640 --> 00:11:29,400 Speaker 1: now swinging back towards decentralization, and in order to control 225 00:11:29,520 --> 00:11:32,280 Speaker 1: the world and have that centralized power, you have to 226 00:11:32,400 --> 00:11:37,120 Speaker 1: control the narrative. You have to control the speech, and 227 00:11:37,120 --> 00:11:39,760 Speaker 1: so of course they've been trying to do that. Now, Um, 228 00:11:39,880 --> 00:11:43,720 Speaker 1: we have seen how the FBI and the government, it's 229 00:11:43,760 --> 00:11:47,880 Speaker 1: now completely out in the open. They've been manipulating all 230 00:11:47,960 --> 00:11:51,040 Speaker 1: social media platforms to make sure we don't see things 231 00:11:51,040 --> 00:11:53,080 Speaker 1: they don't want us to see, make sure we only 232 00:11:53,080 --> 00:11:54,440 Speaker 1: see things they do want us to see. It more 233 00:11:54,480 --> 00:11:57,520 Speaker 1: importantly that we only hear the narrative they wants to hear, 234 00:11:57,559 --> 00:12:00,040 Speaker 1: and even more importantly that we're not able to you 235 00:12:00,160 --> 00:12:05,360 Speaker 1: have dialogue, open honest dialogue about these issues. Now, that 236 00:12:05,440 --> 00:12:10,240 Speaker 1: doesn't prom They say it's to protect democracy. Um, democracy, 237 00:12:10,280 --> 00:12:11,920 Speaker 1: which is a funny word. First of all, the United 238 00:12:11,920 --> 00:12:14,360 Speaker 1: States isn't a democracy. The United States is a republic. 239 00:12:14,600 --> 00:12:16,679 Speaker 1: They want you to think it's a democracy, because if 240 00:12:16,720 --> 00:12:18,600 Speaker 1: they can get you to think it's a democracy, then 241 00:12:18,640 --> 00:12:22,520 Speaker 1: they control it better. But it's not. It's a republic. However, 242 00:12:22,559 --> 00:12:25,800 Speaker 1: if we just take democracy as it is, Um, democracy 243 00:12:25,920 --> 00:12:28,680 Speaker 1: is what mob rule, right, it's what the people want. 244 00:12:29,320 --> 00:12:31,200 Speaker 1: And so how do you know what the people want 245 00:12:31,200 --> 00:12:34,320 Speaker 1: if the people aren't able to voice their opinion. And 246 00:12:34,440 --> 00:12:36,960 Speaker 1: so when they say we need to censor these platforms 247 00:12:37,000 --> 00:12:41,479 Speaker 1: to save democracy, no democracy would be hearing what everybody 248 00:12:41,600 --> 00:12:45,160 Speaker 1: has to say and what the majority of the people want. 249 00:12:45,559 --> 00:12:48,959 Speaker 1: So you can't say, well, you know the majority wants 250 00:12:49,200 --> 00:12:52,040 Speaker 1: maga Republicans, and so that's a threat to our democracy. 251 00:12:52,080 --> 00:12:53,880 Speaker 1: Well know, if that's what the majority wants, that is 252 00:12:53,920 --> 00:12:57,640 Speaker 1: the democracy. So it's just backwards. But we know that 253 00:12:57,679 --> 00:13:01,839 Speaker 1: they've been actively censoring. And so finally all these Twitter 254 00:13:01,880 --> 00:13:04,679 Speaker 1: files have been coming out. Elon Musk bought Twitter. He 255 00:13:04,720 --> 00:13:07,000 Speaker 1: said it's the most important platform in the world because 256 00:13:07,000 --> 00:13:09,200 Speaker 1: that's the town squares with the conversation has happened. He 257 00:13:09,240 --> 00:13:12,360 Speaker 1: believes in the importance of free speech. Look, humans can speak, 258 00:13:12,400 --> 00:13:15,959 Speaker 1: animals can't. That's what separates us, all right, the that's 259 00:13:16,000 --> 00:13:18,280 Speaker 1: what separates We should embrace that we should all be speaking. 260 00:13:18,320 --> 00:13:20,160 Speaker 1: And so he boughties, opened this up. And what he 261 00:13:20,200 --> 00:13:22,120 Speaker 1: did is he went and pulled all the documents and 262 00:13:22,120 --> 00:13:24,360 Speaker 1: he's been releasing them. We've covered some of this last week, 263 00:13:24,920 --> 00:13:27,000 Speaker 1: and he get he's been giving them some big name 264 00:13:27,000 --> 00:13:29,240 Speaker 1: reporters they can kind of release them and go through them. 265 00:13:29,400 --> 00:13:32,560 Speaker 1: And what we saw is actual emails and actual text 266 00:13:32,600 --> 00:13:37,000 Speaker 1: messages from the government to Twitter staff saying shut these 267 00:13:37,000 --> 00:13:39,600 Speaker 1: people down, sense of these people, change these stories kill 268 00:13:39,679 --> 00:13:42,640 Speaker 1: these stories, promote these stories, etcetera, etcetera, etcetera. And this 269 00:13:42,679 --> 00:13:45,320 Speaker 1: has been swirling around, swirling around, swirling around. Now when 270 00:13:45,320 --> 00:13:48,040 Speaker 1: they censer free speech, it leads to massive speculation, and 271 00:13:48,080 --> 00:13:51,120 Speaker 1: no mainstream media outlets will cover this except Fox has 272 00:13:51,160 --> 00:13:55,920 Speaker 1: covered its them. Now, um, now you know whatever speculations 273 00:13:56,000 --> 00:13:59,520 Speaker 1: run wild supposedly, now there's all this, uh, you know, conspiracy. 274 00:13:59,600 --> 00:14:02,440 Speaker 1: The f I was trying to cover things up, and 275 00:14:02,520 --> 00:14:07,120 Speaker 1: to stop that, the FBI decided to be transparent. The 276 00:14:07,160 --> 00:14:10,760 Speaker 1: FBI decided to respond to the evidence from the Twitter 277 00:14:10,800 --> 00:14:15,520 Speaker 1: files suggesting that the FBI covered up the Hunter Biden 278 00:14:15,600 --> 00:14:20,280 Speaker 1: laptop story. And the FBI waged a disinformation campaign to 279 00:14:20,440 --> 00:14:23,800 Speaker 1: persuade new news organizations and social media platforms and Twitter 280 00:14:23,840 --> 00:14:27,480 Speaker 1: and Facebook and voters that the Hunter Biden laptop was 281 00:14:27,520 --> 00:14:31,400 Speaker 1: a product of Russian hack and leak. Now we have 282 00:14:31,560 --> 00:14:34,960 Speaker 1: correspondence between FBI and Twitter showing all these examples of 283 00:14:34,960 --> 00:14:39,040 Speaker 1: this stuff happening. So the FBI had to finally address it, 284 00:14:39,120 --> 00:14:42,120 Speaker 1: and they said, you won't believe it. They said, it 285 00:14:42,240 --> 00:14:46,240 Speaker 1: is unfortunate that conspiracy theorists and others are feeding the 286 00:14:46,280 --> 00:14:50,720 Speaker 1: American public misinformation with the sole purpose of attempting to 287 00:14:50,920 --> 00:14:54,680 Speaker 1: discredit the agency. That's what they said. But then they 288 00:14:54,720 --> 00:14:58,000 Speaker 1: went on, but then they went on to say, it's 289 00:14:58,040 --> 00:15:00,640 Speaker 1: it's it's not it's not some big con piracy. What 290 00:15:00,680 --> 00:15:04,520 Speaker 1: are you guys talking about. This isn't a conspiracy. Of course, 291 00:15:04,560 --> 00:15:08,640 Speaker 1: we do this. We do it all the time. We 292 00:15:08,880 --> 00:15:12,520 Speaker 1: intervene in all the platforms and and give them all 293 00:15:12,560 --> 00:15:14,600 Speaker 1: this information and ask them to change all this information. 294 00:15:14,640 --> 00:15:16,800 Speaker 1: But we do it to protect them. We do it 295 00:15:16,800 --> 00:15:19,239 Speaker 1: to protect the platforms because we don't want them spreading misinformation. 296 00:15:19,280 --> 00:15:22,840 Speaker 1: We don't to protect the people. So everyone's getting all 297 00:15:22,840 --> 00:15:25,600 Speaker 1: worked out that the that the that the government in 298 00:15:25,640 --> 00:15:31,360 Speaker 1: their intelligence communities are actively working against the constitutional rights 299 00:15:31,400 --> 00:15:35,840 Speaker 1: of the people. Um. And they come out and say, yeah, 300 00:15:35,920 --> 00:15:38,760 Speaker 1: you're right, we actually do that. We actually do and 301 00:15:38,800 --> 00:15:42,680 Speaker 1: so what um it says here quote I'm gonna read 302 00:15:42,680 --> 00:15:44,920 Speaker 1: it directly from them. The correspondence between the FBI and 303 00:15:44,920 --> 00:15:49,640 Speaker 1: Twitter show nothing more than examples of our tradition, longstanding 304 00:15:49,680 --> 00:15:53,400 Speaker 1: and ongoing federal government and private sector engagements which involved 305 00:15:53,480 --> 00:15:57,840 Speaker 1: numerous companies over multiple sectors in the industries. So basically, 306 00:15:58,000 --> 00:16:01,120 Speaker 1: you think it's bad with Twitter, we do it with everybody. 307 00:16:01,600 --> 00:16:05,240 Speaker 1: You're worked up that we're actively subverting the will and 308 00:16:05,280 --> 00:16:07,640 Speaker 1: working against the constitution of the people on Twitter, Well, 309 00:16:08,320 --> 00:16:10,160 Speaker 1: we got news for you. We do with everybody, he said. 310 00:16:10,160 --> 00:16:13,520 Speaker 1: They said here in numerous companies, over multiple sectors and industries, 311 00:16:14,720 --> 00:16:17,960 Speaker 1: continued quote. As evidenced in the correspondence, the FBI provides 312 00:16:17,960 --> 00:16:20,360 Speaker 1: critical information to the private sector and an effort to 313 00:16:20,360 --> 00:16:25,200 Speaker 1: allow them to protect themselves and their customers. Um. So 314 00:16:25,400 --> 00:16:29,400 Speaker 1: like um actively lying, so they protect us by lines 315 00:16:29,440 --> 00:16:32,600 Speaker 1: sort of like when Fauci said that there's absolutely no 316 00:16:32,640 --> 00:16:35,360 Speaker 1: reason to wear masks. They do absolutely nothing, and then 317 00:16:35,440 --> 00:16:36,600 Speaker 1: later he went on to say that we need to 318 00:16:36,600 --> 00:16:38,000 Speaker 1: wear masks, and he said, well, the reason why I 319 00:16:38,040 --> 00:16:40,040 Speaker 1: lied before is I was trying to protect the people 320 00:16:40,080 --> 00:16:42,360 Speaker 1: because you know, we were running short on supplies and 321 00:16:42,440 --> 00:16:44,400 Speaker 1: I didn't want them to go buy up everything, so 322 00:16:44,720 --> 00:16:47,760 Speaker 1: I lied. But it was for their best interest. That's 323 00:16:47,760 --> 00:16:53,040 Speaker 1: basically the FBI is saying, we do it again, Um, 324 00:16:53,240 --> 00:16:55,840 Speaker 1: in an effort to allow them to protect themselves. We 325 00:16:55,960 --> 00:17:01,720 Speaker 1: lie to protect themselves. Insane and insane. So um, yeah, 326 00:17:01,880 --> 00:17:04,439 Speaker 1: it's not a conspiracy. They like now they want to 327 00:17:04,440 --> 00:17:07,679 Speaker 1: tell you that this conspiracy theory as as a way 328 00:17:07,720 --> 00:17:11,040 Speaker 1: to discredit people, But there is such thing as conspiracy. 329 00:17:11,480 --> 00:17:15,119 Speaker 1: As a matter of fact, there's laws against conspiracy. As 330 00:17:15,119 --> 00:17:18,080 Speaker 1: a matter of fact. Sam Bankman, freed at f t X, 331 00:17:18,600 --> 00:17:23,440 Speaker 1: is charged with I believe six counts of conspiracy, which 332 00:17:23,480 --> 00:17:28,679 Speaker 1: actually could see him serving life behind bars. But that's 333 00:17:28,720 --> 00:17:32,159 Speaker 1: a whole another story. But just so you know that 334 00:17:32,720 --> 00:17:35,640 Speaker 1: the freedom of speech is changing the world. We're starting 335 00:17:35,640 --> 00:17:38,360 Speaker 1: to see all types of things coming out online, um 336 00:17:38,440 --> 00:17:42,760 Speaker 1: that are going to reshape this world because the truth 337 00:17:42,960 --> 00:17:45,639 Speaker 1: shall shet us free. And that's exactly what's happening. If 338 00:17:45,680 --> 00:17:47,280 Speaker 1: you're just tune in and listening to the markmas Show, 339 00:17:47,440 --> 00:17:50,120 Speaker 1: we're talking about the decentralized revolution, the way the world 340 00:17:50,200 --> 00:17:52,600 Speaker 1: is changing, and some of the ways it's changing is 341 00:17:52,600 --> 00:17:55,600 Speaker 1: of course, technology is allowing us to interact and share 342 00:17:55,600 --> 00:17:58,600 Speaker 1: information that we weren't able to before, and that will 343 00:17:58,640 --> 00:18:01,520 Speaker 1: reshape politics as well. I got a lot more to cover. 344 00:18:01,520 --> 00:18:03,239 Speaker 1: IM gonna talk about the economy, what's going on there 345 00:18:03,280 --> 00:18:05,159 Speaker 1: and my predictions for next year. Don't go away. I 346 00:18:05,160 --> 00:18:06,399 Speaker 1: want to be back with all that and more in 347 00:18:06,400 --> 00:18:08,879 Speaker 1: a minute. We're back, all right, Welcome back. If you 348 00:18:08,960 --> 00:18:10,720 Speaker 1: just tune in, you're listening to the Mark mo Show, 349 00:18:10,720 --> 00:18:13,400 Speaker 1: we're talking about the decentralized revolution, the way the world 350 00:18:13,440 --> 00:18:16,800 Speaker 1: is changing right before very eyes through the lens of politics, finance, 351 00:18:16,800 --> 00:18:19,640 Speaker 1: and technology. And we're ripping through some of the latest 352 00:18:19,680 --> 00:18:22,680 Speaker 1: breaking news this week that highlights it. It's the signposts 353 00:18:22,760 --> 00:18:25,240 Speaker 1: that show us that we're getting closer to this inevitable 354 00:18:25,240 --> 00:18:28,040 Speaker 1: outcome that's coming up and we can see it, like 355 00:18:28,080 --> 00:18:31,119 Speaker 1: I said, through the lens of politics, finance, and technology, 356 00:18:31,119 --> 00:18:32,520 Speaker 1: and I'd like to look at the convergence of those 357 00:18:32,880 --> 00:18:36,640 Speaker 1: and we have some big stories in politics and finance today. 358 00:18:36,720 --> 00:18:42,360 Speaker 1: And that is one of the most graririous bills that 359 00:18:42,520 --> 00:18:47,320 Speaker 1: I've ever seen. Rampaul calls an abomination, and I'm talking 360 00:18:47,320 --> 00:18:52,239 Speaker 1: about this week, Um, something called the Omnibus Bill. Now, 361 00:18:52,280 --> 00:18:57,200 Speaker 1: the Omnibus Bill is basically a hodgepodge where, um, they 362 00:18:57,280 --> 00:18:59,520 Speaker 1: just grab a whole bunch of crap, they stick it 363 00:18:59,520 --> 00:19:02,600 Speaker 1: all together, they try and cram it down, um so 364 00:19:02,680 --> 00:19:06,000 Speaker 1: quick and so fast before anybody has any time to 365 00:19:06,080 --> 00:19:07,879 Speaker 1: even take a look at it and even understand what 366 00:19:07,880 --> 00:19:11,080 Speaker 1: it is. Much less the American people talk about it 367 00:19:11,600 --> 00:19:15,440 Speaker 1: and maybe have a chance to like discuss it and 368 00:19:15,520 --> 00:19:21,120 Speaker 1: maybe talk to their represented elected representatives so they could 369 00:19:21,119 --> 00:19:24,760 Speaker 1: go make a proper vote right. Uh. Last I checked 370 00:19:24,760 --> 00:19:29,280 Speaker 1: to the United States is a republic where we elect 371 00:19:29,760 --> 00:19:34,760 Speaker 1: representatives to go to Washington to represent our best interests. 372 00:19:35,119 --> 00:19:37,639 Speaker 1: And so if those representatives are there to vote in 373 00:19:37,760 --> 00:19:40,920 Speaker 1: our best interests, we should have a chance to voice 374 00:19:41,000 --> 00:19:43,679 Speaker 1: what our interests are to them through phone calls and 375 00:19:43,720 --> 00:19:47,080 Speaker 1: emails and letters and so forth. And so it would 376 00:19:47,119 --> 00:19:50,120 Speaker 1: make sense that if they're going to pass some enormous 377 00:19:50,119 --> 00:19:53,720 Speaker 1: like the biggest bill ever, it makes sense that it 378 00:19:53,760 --> 00:19:57,600 Speaker 1: should follow like a process that allows our representatives to 379 00:19:57,680 --> 00:20:00,639 Speaker 1: read it and understand it and get the will of 380 00:20:00,680 --> 00:20:02,760 Speaker 1: their people. But of course that's not what they want. 381 00:20:03,520 --> 00:20:06,400 Speaker 1: Of course, they want to subvert the will. Of course 382 00:20:06,400 --> 00:20:08,600 Speaker 1: they want to cram this through so they can get 383 00:20:08,640 --> 00:20:11,960 Speaker 1: all of their buddies paid and and and stuff their 384 00:20:11,960 --> 00:20:13,919 Speaker 1: pockets full. And that's exactly what's happening. So that's what 385 00:20:13,960 --> 00:20:16,680 Speaker 1: this omnibus bill is. It's an abomination. I want to 386 00:20:16,720 --> 00:20:18,760 Speaker 1: I want to break it down a little bit for you. Uh, 387 00:20:18,800 --> 00:20:22,480 Speaker 1: if you haven't heard, it's one point seven trillion dollars 388 00:20:22,880 --> 00:20:24,520 Speaker 1: at a time when we've printed way too much money 389 00:20:24,560 --> 00:20:26,719 Speaker 1: and inflation is way too high, we have way too 390 00:20:26,800 --> 00:20:29,680 Speaker 1: much debt, thirty one trillion dollars of debt. Uh, we're loot. 391 00:20:29,760 --> 00:20:32,720 Speaker 1: We're adding another trillion dollars or so of debt per year. 392 00:20:33,520 --> 00:20:36,159 Speaker 1: But what the heck? What's one point seven trillion dollars more? 393 00:20:36,160 --> 00:20:38,639 Speaker 1: Now to put this into perspective for you, Um, that's 394 00:20:38,720 --> 00:20:41,040 Speaker 1: more than double the amount of money that was needed 395 00:20:41,040 --> 00:20:44,000 Speaker 1: to save the entire global financial system in two thousand eight. 396 00:20:44,600 --> 00:20:48,240 Speaker 1: The bills over four thousand pages four thousand one pages long, 397 00:20:48,640 --> 00:20:50,880 Speaker 1: and no one can read it for a couple of reasons. One, 398 00:20:51,359 --> 00:20:54,480 Speaker 1: just to read it, you would have to read two 399 00:20:54,480 --> 00:20:58,360 Speaker 1: pages per hour, I'm sorry, two pages per minute, which 400 00:20:58,400 --> 00:21:01,399 Speaker 1: is impossible to do. Um. And you'd have to do 401 00:21:01,440 --> 00:21:06,480 Speaker 1: that for about thirty six hours straight without taking a break. 402 00:21:06,800 --> 00:21:09,359 Speaker 1: And if that wouldn't be hard enough already, the bill 403 00:21:09,480 --> 00:21:13,520 Speaker 1: was delivered at one thirty a m. In the middle 404 00:21:13,520 --> 00:21:20,160 Speaker 1: of the night and days before Christmas. So yeah, now 405 00:21:20,280 --> 00:21:23,239 Speaker 1: it's not like they didn't know about it and they 406 00:21:23,240 --> 00:21:25,560 Speaker 1: just got it done. No, no, no, This is supposed 407 00:21:25,600 --> 00:21:27,440 Speaker 1: to be a bill that goes in every year. It's 408 00:21:27,440 --> 00:21:29,160 Speaker 1: written in law. They were supposed to have it done 409 00:21:29,160 --> 00:21:31,840 Speaker 1: in September, so we're supposed to be done in September. 410 00:21:31,880 --> 00:21:34,040 Speaker 1: Why do they bring it in at one thirty am, 411 00:21:35,480 --> 00:21:39,760 Speaker 1: four thousand pages, days before um. It goes um days 412 00:21:39,760 --> 00:21:43,520 Speaker 1: before Christmas. And of course it's not a big surprise 413 00:21:43,960 --> 00:21:46,000 Speaker 1: because they want to cram this through without hearing the 414 00:21:46,000 --> 00:21:48,480 Speaker 1: will of the people, are having anybody have any ability 415 00:21:48,560 --> 00:21:52,520 Speaker 1: to say anything about it. Now, Luckily, we do have 416 00:21:52,680 --> 00:21:55,239 Speaker 1: a few good people left in government who are like, 417 00:21:55,320 --> 00:21:58,280 Speaker 1: this is insane, this is ridiculous, and there's no way 418 00:21:58,320 --> 00:22:01,320 Speaker 1: we're passing this. There's no way. One of those is 419 00:22:01,400 --> 00:22:06,080 Speaker 1: Rand Paul Um. He's doing that. But of course the Democrats, 420 00:22:06,119 --> 00:22:09,600 Speaker 1: they want to slam this through no matter what. As 421 00:22:09,640 --> 00:22:12,560 Speaker 1: a matter of fact. Uh, good old Schumer. He says 422 00:22:12,640 --> 00:22:15,840 Speaker 1: that we have to get this through for the good 423 00:22:15,920 --> 00:22:19,080 Speaker 1: of the American people. Now is this for the good 424 00:22:19,080 --> 00:22:22,440 Speaker 1: of the American people? I'm an American. I would rather 425 00:22:22,680 --> 00:22:26,160 Speaker 1: not go through. And I bet you that if everybody 426 00:22:26,200 --> 00:22:28,400 Speaker 1: else found out what was in that bill, I bet you, 427 00:22:29,760 --> 00:22:32,200 Speaker 1: I bet you. If you I'm gonna tell you a 428 00:22:32,200 --> 00:22:34,840 Speaker 1: couple of things that are I bet you, I bet you, 429 00:22:34,960 --> 00:22:37,200 Speaker 1: nine out of ten Americans would not want this bill 430 00:22:37,240 --> 00:22:38,720 Speaker 1: to go through if they knew what was in it. 431 00:22:39,840 --> 00:22:41,440 Speaker 1: But they're trying to They're trying to cram it through 432 00:22:41,480 --> 00:22:43,960 Speaker 1: their throats. Now we have this back and forth. The 433 00:22:44,000 --> 00:22:46,879 Speaker 1: Republicans passed try to try to trying to hold it up. 434 00:22:47,160 --> 00:22:51,240 Speaker 1: There's something called Title forty two, and now the Democrats 435 00:22:51,240 --> 00:22:53,800 Speaker 1: and Chuck Schumer are now trying to file this new 436 00:22:54,080 --> 00:22:56,040 Speaker 1: kind of amendment to that to try to to try 437 00:22:56,080 --> 00:22:57,800 Speaker 1: to force it through. They're trying to trying to trying 438 00:22:57,800 --> 00:23:00,480 Speaker 1: to get it through any way they can. And again, 439 00:23:00,760 --> 00:23:04,600 Speaker 1: all of this days before Christmas. So let's let's talk 440 00:23:04,600 --> 00:23:06,040 Speaker 1: about a couple of things that are inside of there. 441 00:23:06,240 --> 00:23:07,919 Speaker 1: Like I said, my guess is nine out of ten 442 00:23:08,000 --> 00:23:10,600 Speaker 1: people would not want this to go through. Right off 443 00:23:10,600 --> 00:23:13,239 Speaker 1: the bat, I don't want one point seven more one 444 00:23:13,240 --> 00:23:15,479 Speaker 1: point seven shillion dollars or more debt added to the 445 00:23:15,520 --> 00:23:17,240 Speaker 1: balance sheet that my kids and grandkids are gonna have 446 00:23:17,280 --> 00:23:19,200 Speaker 1: to pay. I don't want one one point seven shillion 447 00:23:19,200 --> 00:23:22,960 Speaker 1: dollars adding more towards inflation and lowering my cost of living. 448 00:23:23,040 --> 00:23:25,919 Speaker 1: I don't want that, do you? And I would guess no, 449 00:23:26,480 --> 00:23:28,159 Speaker 1: unless some of that money is going into your pocket, 450 00:23:28,160 --> 00:23:30,160 Speaker 1: which probably none of it is. Let's take a look 451 00:23:30,160 --> 00:23:32,080 Speaker 1: at some of this stuff. So a couple of things 452 00:23:32,160 --> 00:23:34,320 Speaker 1: here that are just insane. First, of all of the 453 00:23:34,320 --> 00:23:36,119 Speaker 1: one point seven trillion, half of it, or more than 454 00:23:36,119 --> 00:23:38,959 Speaker 1: half of an eight billion of it goes to the 455 00:23:38,960 --> 00:23:43,520 Speaker 1: Pentagon for more military spending the military industrial complex. Now, 456 00:23:43,840 --> 00:23:47,000 Speaker 1: just in case you didn't know, the U. S. Military 457 00:23:47,440 --> 00:23:53,880 Speaker 1: spends more money than the next ten countries combined combined. 458 00:23:54,160 --> 00:23:56,639 Speaker 1: So who are we at war with? And what's the threat? 459 00:23:56,880 --> 00:23:59,560 Speaker 1: Because we don't just spend more than the number two 460 00:24:00,160 --> 00:24:02,480 Speaker 1: or more than the number three. We spend more than two, three, 461 00:24:02,560 --> 00:24:07,119 Speaker 1: four or five six combined. But yet we need to 462 00:24:07,119 --> 00:24:09,719 Speaker 1: spend more. So ellion is going to go to the 463 00:24:09,800 --> 00:24:11,880 Speaker 1: Defense Department. Now I can't tell you where that money 464 00:24:11,920 --> 00:24:14,560 Speaker 1: is going to go because they don't even know. The 465 00:24:14,600 --> 00:24:17,440 Speaker 1: Pentagon continues to lose trillions of dollars every single year. 466 00:24:17,440 --> 00:24:19,600 Speaker 1: When I say lose, not like they spent more than 467 00:24:19,640 --> 00:24:21,520 Speaker 1: they brought in. I mean lose as in they don't 468 00:24:21,520 --> 00:24:24,440 Speaker 1: know where it goes. And of course they don't know 469 00:24:24,480 --> 00:24:26,320 Speaker 1: where it goes because it goes into all their pockets, 470 00:24:26,520 --> 00:24:27,840 Speaker 1: and of course they don't want to know. They they've 471 00:24:27,840 --> 00:24:30,760 Speaker 1: failed audit after audit after audit after audit. They said, 472 00:24:30,920 --> 00:24:34,240 Speaker 1: maybe they've never they've never passed on They said maybe 473 00:24:34,240 --> 00:24:35,840 Speaker 1: they'd be able to pass an audit in five years 474 00:24:35,840 --> 00:24:38,040 Speaker 1: from now, we'll see so half of it INTERF billion 475 00:24:38,080 --> 00:24:39,920 Speaker 1: goes to defense spending. We don't know where that goes, 476 00:24:40,119 --> 00:24:42,760 Speaker 1: some black box that just continues to make the military 477 00:24:42,800 --> 00:24:45,720 Speaker 1: industrial complex bigger. But then we have seven hundred seventy 478 00:24:45,720 --> 00:24:48,320 Speaker 1: two billion that goes to what's called discretionary spending. Now, 479 00:24:48,520 --> 00:24:51,320 Speaker 1: the way discretionary spending works is you have your mandatory 480 00:24:51,359 --> 00:24:53,520 Speaker 1: expenses like your house payment, your electricity bill, on your 481 00:24:53,560 --> 00:24:55,960 Speaker 1: car payment. Discretionaries, money you have left over if you 482 00:24:55,960 --> 00:24:57,240 Speaker 1: want to go out to eat or buy some new 483 00:24:57,280 --> 00:25:00,680 Speaker 1: clothes for your wife, um, discretionary. Now, when we sillion 484 00:25:00,680 --> 00:25:02,560 Speaker 1: dollars of debt and we are losing a chillion dollars 485 00:25:02,560 --> 00:25:04,879 Speaker 1: a year, I don't think we have any room for 486 00:25:04,920 --> 00:25:07,919 Speaker 1: discretion I explaining it doesn't stop them seven billion for that. 487 00:25:08,280 --> 00:25:10,800 Speaker 1: Let's break some of this down. We got four hundred 488 00:25:10,880 --> 00:25:14,199 Speaker 1: million going to secure the borders of Jordan, Lebanon, Egypt, 489 00:25:14,280 --> 00:25:17,600 Speaker 1: Tunisia and Oman. What about the U. S Border? We 490 00:25:17,720 --> 00:25:20,159 Speaker 1: have an invasion five million illegals have made across the border, 491 00:25:20,560 --> 00:25:22,600 Speaker 1: but we don't have any money to go spend to 492 00:25:22,680 --> 00:25:25,080 Speaker 1: scare board. As a matter of fact, in that bill. 493 00:25:25,119 --> 00:25:29,200 Speaker 1: It prohibits expressly prohibits funding from being used to improve 494 00:25:29,320 --> 00:25:33,520 Speaker 1: US border security. We have one point four billion going 495 00:25:33,720 --> 00:25:38,399 Speaker 1: for membership into global multilateral organizations, including the u N. 496 00:25:38,640 --> 00:25:41,280 Speaker 1: We're talking about like World Economic Form. We're talking about 497 00:25:41,400 --> 00:25:45,160 Speaker 1: non government organizations. So we're paying one point four billion 498 00:25:45,200 --> 00:25:48,800 Speaker 1: to global multilateral organizations. Probably on need to do that. 499 00:25:49,080 --> 00:25:52,320 Speaker 1: Five million half over half a billion dollars for quote, 500 00:25:52,320 --> 00:25:57,280 Speaker 1: family planning in areas where population growth threatens bio diversity, 501 00:25:57,440 --> 00:26:00,640 Speaker 1: so um colling the herd. Let's let's kill some people. 502 00:26:00,680 --> 00:26:03,960 Speaker 1: Half a billion dollars for that. We got over half 503 00:26:03,960 --> 00:26:07,440 Speaker 1: a billion dollars five four million for uh quote structural 504 00:26:07,520 --> 00:26:11,800 Speaker 1: racism focused in each subdivision. We have two hundred million 505 00:26:12,480 --> 00:26:18,320 Speaker 1: going to Pakistan for gender equity, gender programs in Pakistan 506 00:26:18,400 --> 00:26:21,159 Speaker 1: two million. We don't have any discretionary spending. Why are 507 00:26:21,200 --> 00:26:24,359 Speaker 1: we giving Pakistan tuan a million for gender programs? No less, 508 00:26:25,240 --> 00:26:28,400 Speaker 1: we added fifteen million for vaccine industries. Are gonna need 509 00:26:28,440 --> 00:26:32,280 Speaker 1: that three thirty five million to prepare for another influenza pandemic, 510 00:26:32,760 --> 00:26:36,560 Speaker 1: including of course surveillance tools. Over half a billion five 511 00:26:36,960 --> 00:26:40,919 Speaker 1: thirty five million for Corporation for Public Broadcasting inn PR 512 00:26:41,359 --> 00:26:45,800 Speaker 1: or you know, propaganda. We have another about fifteen billion 513 00:26:45,960 --> 00:26:49,159 Speaker 1: going to the intelligence community to increase their budgets for 514 00:26:49,320 --> 00:26:54,199 Speaker 1: J six. Specifically, we got UH two eighty six million 515 00:26:54,400 --> 00:26:57,280 Speaker 1: for Title X funding, which funds planned parenthoods we can 516 00:26:57,359 --> 00:27:00,119 Speaker 1: kill more babies. We have seven hundred fifty thousand all 517 00:27:00,119 --> 00:27:02,639 Speaker 1: I was going to a Los Angeles based transgender group 518 00:27:02,720 --> 00:27:06,640 Speaker 1: to inject more l g B d q um UM 519 00:27:06,760 --> 00:27:10,120 Speaker 1: education into elementary schools. We have another eight point six 520 00:27:10,119 --> 00:27:13,320 Speaker 1: million for the Pentagon for gender advisement programs. These are 521 00:27:13,320 --> 00:27:15,200 Speaker 1: not things that I want, and I would imagine these 522 00:27:15,200 --> 00:27:16,760 Speaker 1: are things that you don't want, But of course I'd 523 00:27:16,760 --> 00:27:18,359 Speaker 1: love to hear from you. Hit me up on social media. 524 00:27:18,400 --> 00:27:20,560 Speaker 1: Do you hit me on Twitter at one Mark Mosson 525 00:27:20,680 --> 00:27:23,280 Speaker 1: let me know, or on Instagram at one Mark Mosson 526 00:27:23,359 --> 00:27:26,480 Speaker 1: let me know there as well. Otherwise I'm gonna cram 527 00:27:26,480 --> 00:27:28,280 Speaker 1: this thing through here in Christmas before anybody has a 528 00:27:28,320 --> 00:27:30,199 Speaker 1: chance to read it all. Right now, if you just 529 00:27:30,200 --> 00:27:31,760 Speaker 1: tune in your listening to the Mark moss Show, We've 530 00:27:31,760 --> 00:27:33,080 Speaker 1: got a lot more to cover when I come back, 531 00:27:33,080 --> 00:27:35,840 Speaker 1: and I'm gonna give you my outlooks and predictions for 532 00:27:36,880 --> 00:27:38,440 Speaker 1: this is the part you don't want to miss We're 533 00:27:38,440 --> 00:27:41,239 Speaker 1: back without more in a minute. Don't go away, all right, 534 00:27:41,280 --> 00:27:43,480 Speaker 1: welcome back. You're listening to the Mark Mos Show. If 535 00:27:43,520 --> 00:27:46,440 Speaker 1: you're just tuning in, we're talking about the decentralized revolution, 536 00:27:46,440 --> 00:27:47,920 Speaker 1: like we talked about each and every week. Of course, 537 00:27:47,960 --> 00:27:51,119 Speaker 1: as we look at the changing world and what's happening 538 00:27:51,160 --> 00:27:53,119 Speaker 1: is we can navigate this together and we look at 539 00:27:53,160 --> 00:27:55,280 Speaker 1: through the lens of politics, finance, and technology. Now we've 540 00:27:55,280 --> 00:27:59,200 Speaker 1: covered a lot of big headlines this week, and now 541 00:27:59,240 --> 00:28:04,240 Speaker 1: I wanna end with something that I'm calling my three 542 00:28:04,280 --> 00:28:09,760 Speaker 1: outlook and Predictions. So lots of uncertainty, lots of uncertainty 543 00:28:09,800 --> 00:28:12,679 Speaker 1: in the world. You know, what's going to happen politically 544 00:28:12,800 --> 00:28:16,560 Speaker 1: and financially? Is the world going to break apart? Are 545 00:28:16,600 --> 00:28:18,119 Speaker 1: we going to come together? Or we're gonna go to 546 00:28:18,160 --> 00:28:20,080 Speaker 1: war with Russia, We're gonna go to war with China. 547 00:28:20,600 --> 00:28:23,280 Speaker 1: What's going to happen to my retirement account at my 548 00:28:23,359 --> 00:28:27,160 Speaker 1: house and my cryptocurrency, my bitcoin, et cetera, all those things, 549 00:28:28,600 --> 00:28:31,400 Speaker 1: So let's talk about that. So the first thing that 550 00:28:31,960 --> 00:28:34,560 Speaker 1: should be apparent to you more than ever before, if 551 00:28:34,560 --> 00:28:38,920 Speaker 1: it wasn't already, is that um, the federal reserve, the 552 00:28:38,960 --> 00:28:43,160 Speaker 1: central bank, the fellow reserve is in control of the markets. 553 00:28:43,760 --> 00:28:46,480 Speaker 1: So when it comes to you know, like I said, 554 00:28:46,520 --> 00:28:51,040 Speaker 1: your retirement account, your cryptocurrency account, your house value, things 555 00:28:51,040 --> 00:28:53,280 Speaker 1: like that, it should be abundantly clear that the FETE 556 00:28:53,400 --> 00:28:56,000 Speaker 1: is in the driver's seat. And so we saw, you know, 557 00:28:56,040 --> 00:29:00,680 Speaker 1: through or trying to recover in the government, they shut 558 00:29:00,760 --> 00:29:06,200 Speaker 1: the economy down, and the FED responded by pumping the 559 00:29:06,240 --> 00:29:08,960 Speaker 1: economy full of money. When they did that, we saw 560 00:29:09,000 --> 00:29:11,000 Speaker 1: asset prices GHO sky high. So a couple of things 561 00:29:11,040 --> 00:29:13,040 Speaker 1: that we saw there that you need to keep in 562 00:29:13,080 --> 00:29:15,280 Speaker 1: mind to move to navigate this moving forward, is that 563 00:29:15,840 --> 00:29:18,640 Speaker 1: we went from a period really where the FED was 564 00:29:18,680 --> 00:29:21,240 Speaker 1: just trying to kind of manage monetary policy and interest 565 00:29:21,320 --> 00:29:24,400 Speaker 1: rates to two thousand and eight where they really tried 566 00:29:24,440 --> 00:29:29,320 Speaker 1: to impact and move monetary policy um using quantitative easy 567 00:29:29,360 --> 00:29:30,840 Speaker 1: and things like that in two thousand eight. But then 568 00:29:30,880 --> 00:29:35,200 Speaker 1: what happened in is the FED moved into a much 569 00:29:35,360 --> 00:29:38,360 Speaker 1: more active role inside the economy, and as a matter 570 00:29:38,400 --> 00:29:41,360 Speaker 1: of fact, not just an active role and certainly not 571 00:29:41,520 --> 00:29:43,960 Speaker 1: a reactive role like they were in two thousand eight. 572 00:29:44,000 --> 00:29:47,960 Speaker 1: But now they want to be the leading indicator, the 573 00:29:48,120 --> 00:29:51,600 Speaker 1: leading role in the economy. And so there was a 574 00:29:51,640 --> 00:29:54,440 Speaker 1: massive shift that happened in the last couple of years. 575 00:29:54,680 --> 00:29:56,840 Speaker 1: And we saw Jerome Powell, the head of the Federal Reserve, 576 00:29:57,120 --> 00:30:00,560 Speaker 1: come in and say that, you know, we're not thinking 577 00:30:00,600 --> 00:30:03,360 Speaker 1: about thinking about raising rates. He said that they would 578 00:30:03,400 --> 00:30:06,320 Speaker 1: not raise rates for four years, and of course I 579 00:30:06,360 --> 00:30:10,360 Speaker 1: was two years ago. Um. They told us that inflation 580 00:30:10,520 --> 00:30:13,840 Speaker 1: wasn't a problem, inflation was transitory and all these things, 581 00:30:14,160 --> 00:30:16,800 Speaker 1: and of course they got caught off guard, and so 582 00:30:16,960 --> 00:30:19,520 Speaker 1: in November of two twenty one, they announced that we 583 00:30:19,600 --> 00:30:23,360 Speaker 1: have to start raising rates. And it's important to understand 584 00:30:23,480 --> 00:30:25,880 Speaker 1: how this works because as soon as they said they 585 00:30:25,880 --> 00:30:31,200 Speaker 1: would start raising rates, risk assets, mostly stocks, tech stocks, 586 00:30:31,200 --> 00:30:34,240 Speaker 1: etcetera started selling off. Now Bitcoin started selling off first, 587 00:30:34,480 --> 00:30:36,480 Speaker 1: A couple of days later, the nasdacs started selling off. 588 00:30:36,520 --> 00:30:39,240 Speaker 1: A couple months later, the SMP five hundred started selling off. 589 00:30:39,800 --> 00:30:44,280 Speaker 1: But everything has been declining since then, and all eyes 590 00:30:44,320 --> 00:30:47,640 Speaker 1: are on the FED now. Just I mean five years ago, 591 00:30:47,800 --> 00:30:51,120 Speaker 1: most people never even talked about the FED or paid 592 00:30:51,160 --> 00:30:54,360 Speaker 1: attention to the FED. And now today every time they 593 00:30:54,360 --> 00:30:57,000 Speaker 1: go into a meeting, all eyes are watching the FED 594 00:30:57,040 --> 00:31:00,480 Speaker 1: to understand exactly what is coming next. Because as again 595 00:31:00,520 --> 00:31:03,400 Speaker 1: as I said, they're in the driver's seat now. They 596 00:31:03,480 --> 00:31:08,680 Speaker 1: have extra external forces that obviously impact what they do, 597 00:31:09,120 --> 00:31:11,040 Speaker 1: But we need to understand what's gonna happen there first. 598 00:31:11,080 --> 00:31:13,719 Speaker 1: So if we want to know, will the stock market 599 00:31:14,160 --> 00:31:18,440 Speaker 1: um crash will continue with bullish trend um, is the 600 00:31:18,520 --> 00:31:21,840 Speaker 1: secular long term trend broken and all the things? Like 601 00:31:21,880 --> 00:31:23,000 Speaker 1: I said, we have to go and go back to 602 00:31:23,000 --> 00:31:24,560 Speaker 1: the FED. So the first thing I want to do 603 00:31:24,640 --> 00:31:26,840 Speaker 1: is realize that we don't want to fight the FED. 604 00:31:26,920 --> 00:31:29,920 Speaker 1: We don't want to work against the FED. So as 605 00:31:29,960 --> 00:31:31,880 Speaker 1: long as the FED wants to be hawkish and they 606 00:31:31,920 --> 00:31:34,600 Speaker 1: want to continue raising rates and they want to continue 607 00:31:34,600 --> 00:31:37,720 Speaker 1: to tell us that their goal is to crush demand, 608 00:31:38,280 --> 00:31:40,640 Speaker 1: understand that their goal is to make you feel broke, 609 00:31:41,520 --> 00:31:44,080 Speaker 1: we don't want to fight that. There's no reason why 610 00:31:44,120 --> 00:31:46,720 Speaker 1: we need to catch falling knives. There's no reason why 611 00:31:46,720 --> 00:31:49,959 Speaker 1: we need to try to time the exact bottom. I 612 00:31:50,080 --> 00:31:52,200 Speaker 1: want to be patient, So I'm gonna sit there and 613 00:31:52,240 --> 00:31:54,480 Speaker 1: I'm gonna wait. I donna wait until there's some clarity. 614 00:31:54,480 --> 00:31:58,080 Speaker 1: I'm gonna wait until the FED. Eventually, like I said, 615 00:31:58,080 --> 00:32:00,920 Speaker 1: the FED has external forces they have to manage, and 616 00:32:00,960 --> 00:32:03,800 Speaker 1: eventually they will be forced to go back into an 617 00:32:03,800 --> 00:32:07,000 Speaker 1: easy situation, and so we're going to just watch out 618 00:32:07,080 --> 00:32:08,880 Speaker 1: for that all right now, a lot of people keep 619 00:32:08,880 --> 00:32:11,280 Speaker 1: thinking they're gonna pivot, They're gonna pivot, but like I said, FED, 620 00:32:11,960 --> 00:32:13,720 Speaker 1: the FED chair of Joan pal keeps saying, look, we're 621 00:32:13,720 --> 00:32:16,040 Speaker 1: not going to now. He says they're not going to 622 00:32:16,600 --> 00:32:19,440 Speaker 1: lower rates for many years now, just like he said 623 00:32:19,440 --> 00:32:21,000 Speaker 1: they wouldn't raise them for a couple of years. I 624 00:32:21,040 --> 00:32:24,120 Speaker 1: think eventually he wills sooner than he wants to UM, 625 00:32:24,120 --> 00:32:26,000 Speaker 1: but for now he won't. Another thing that I think 626 00:32:26,080 --> 00:32:28,320 Speaker 1: is going to happen is I believe the world is 627 00:32:28,320 --> 00:32:31,200 Speaker 1: going to continue to decentralize. I believe supply chains are 628 00:32:31,200 --> 00:32:33,240 Speaker 1: going to continue to break down because of that. The 629 00:32:33,280 --> 00:32:37,040 Speaker 1: way that the world trades is changing, and the way 630 00:32:37,040 --> 00:32:40,360 Speaker 1: that we move energy and other products is changing. We 631 00:32:40,360 --> 00:32:42,400 Speaker 1: can see that we're re on shoring a lot of 632 00:32:42,400 --> 00:32:45,200 Speaker 1: manufacturing the United States, UM. Lots of bills have been 633 00:32:45,200 --> 00:32:49,200 Speaker 1: passed by the Biden administration to really severely impact China, 634 00:32:49,400 --> 00:32:51,040 Speaker 1: and so I believe that we're gonna continue to see 635 00:32:51,040 --> 00:32:53,120 Speaker 1: the world's kind of breaking apart everybody. Instead of just 636 00:32:53,200 --> 00:32:55,520 Speaker 1: in time, supply chains will be just in case. So 637 00:32:55,520 --> 00:32:59,600 Speaker 1: they're gonna start to manufacture and store more inventory, and 638 00:32:59,720 --> 00:33:03,120 Speaker 1: all of these changes are going to be highly inflationary. 639 00:33:03,520 --> 00:33:06,680 Speaker 1: And so we took jobs that paid in the US, 640 00:33:06,760 --> 00:33:09,440 Speaker 1: now we sent them overseas for ten thou Now those 641 00:33:09,480 --> 00:33:11,600 Speaker 1: jobs have to come back UM, and so that's gonna 642 00:33:11,640 --> 00:33:13,680 Speaker 1: be inflationary. So the FED has this goal of this 643 00:33:13,800 --> 00:33:17,240 Speaker 1: two percent target of inflation, which of course they overshot 644 00:33:17,320 --> 00:33:19,480 Speaker 1: and made up at nine percent inflation, and they're trying 645 00:33:19,480 --> 00:33:20,800 Speaker 1: to get it back down to two percent. I think 646 00:33:20,840 --> 00:33:23,160 Speaker 1: we'll also see the FED maybe come off of that 647 00:33:23,200 --> 00:33:27,360 Speaker 1: goal or at least um at least agree that we 648 00:33:27,400 --> 00:33:29,880 Speaker 1: don't need to get there right away. I think that 649 00:33:30,000 --> 00:33:33,800 Speaker 1: we might see inflation four or five percent and just 650 00:33:33,920 --> 00:33:36,280 Speaker 1: kind of being okay with that, and that's guys, we're 651 00:33:36,280 --> 00:33:40,720 Speaker 1: gonna have to. So I believe that the inflation target 652 00:33:40,760 --> 00:33:42,360 Speaker 1: of the FED will be higher. I don't believe we'll 653 00:33:42,360 --> 00:33:43,960 Speaker 1: get back down to two percent. I believe will be 654 00:33:44,000 --> 00:33:48,280 Speaker 1: in that higher four or five percent range. As globalization 655 00:33:48,400 --> 00:33:52,120 Speaker 1: continues to push inflation higher. That's gonna have to be 656 00:33:52,200 --> 00:33:55,840 Speaker 1: something that they're used to. UM. And so those are 657 00:33:55,880 --> 00:33:58,040 Speaker 1: those are two big trends that I'm looking for. I 658 00:33:58,080 --> 00:34:01,280 Speaker 1: think that again, the FED has these external forces that 659 00:34:01,320 --> 00:34:04,479 Speaker 1: they have to deal with, and so eventually, even if 660 00:34:04,480 --> 00:34:07,040 Speaker 1: they want to keep rates higher for a lot longer, 661 00:34:07,480 --> 00:34:10,040 Speaker 1: eventually they're going to be forced to come off of that. 662 00:34:10,120 --> 00:34:14,120 Speaker 1: But when so, I'm guessing, mom, I'm sort of predicting 663 00:34:14,200 --> 00:34:19,160 Speaker 1: that that probably happens in Q two, Q three of 664 00:34:19,280 --> 00:34:22,640 Speaker 1: next year. So I think things will probably get so bad. 665 00:34:22,680 --> 00:34:25,200 Speaker 1: We can already see these signs is starting to form 666 00:34:25,560 --> 00:34:28,960 Speaker 1: um through the manufacturing, through consumer sentiment, through debt level, 667 00:34:29,000 --> 00:34:31,919 Speaker 1: savings levels, et cetera, that I believe the pain level 668 00:34:32,000 --> 00:34:34,439 Speaker 1: is going to get so high the economy will freeze up. Which, 669 00:34:34,440 --> 00:34:36,560 Speaker 1: by the way, the FED doesn't care. They want to 670 00:34:36,640 --> 00:34:38,960 Speaker 1: make you broke um. They don't care about your retirement 671 00:34:38,960 --> 00:34:41,560 Speaker 1: account of your house value. What they do care about, though, 672 00:34:41,840 --> 00:34:43,800 Speaker 1: is they care about the liquidity and the financial system. 673 00:34:44,239 --> 00:34:46,080 Speaker 1: And so we're starting to see liquidity dry up. You 674 00:34:46,120 --> 00:34:47,799 Speaker 1: can see it in the bond markets, you can see 675 00:34:47,800 --> 00:34:50,640 Speaker 1: it in the high yield corporate credit markets, you can 676 00:34:50,640 --> 00:34:53,120 Speaker 1: see it in the treasury markets even And so I 677 00:34:53,160 --> 00:34:55,120 Speaker 1: believe that things could get to a point where it's 678 00:34:55,160 --> 00:34:57,720 Speaker 1: so bad the FED is forced to act UH sometime 679 00:34:57,800 --> 00:34:59,759 Speaker 1: next year and they're forced to kind of get into 680 00:34:59,760 --> 00:35:02,520 Speaker 1: this verbial pivot. Pivot for me would be to go 681 00:35:02,600 --> 00:35:05,839 Speaker 1: from a tightening to an easy not a pause, but 682 00:35:05,840 --> 00:35:09,240 Speaker 1: but an actual pivot or a reversal. Uh. And maybe 683 00:35:09,280 --> 00:35:12,120 Speaker 1: that happens towards the end of next year, and so 684 00:35:12,360 --> 00:35:15,600 Speaker 1: I think that too, maybe we end up higher next 685 00:35:15,680 --> 00:35:20,440 Speaker 1: year in stocks in cryptocurrencies than we are now now. 686 00:35:20,480 --> 00:35:22,440 Speaker 1: As far as real estate, I did a full video 687 00:35:22,480 --> 00:35:24,480 Speaker 1: breaking down real estate and how there's no such thing 688 00:35:24,520 --> 00:35:27,200 Speaker 1: as the market, but there's thousands of markets. Go to 689 00:35:27,239 --> 00:35:29,359 Speaker 1: my main YouTube channels of search Mark Moss to see 690 00:35:29,400 --> 00:35:32,120 Speaker 1: my outlook on real estate. What we're seeing is some 691 00:35:32,200 --> 00:35:36,040 Speaker 1: markets like Seattle of San Francisco are already crashing worse 692 00:35:36,080 --> 00:35:37,960 Speaker 1: than they did in two thousand eight. But other markets, 693 00:35:38,000 --> 00:35:40,880 Speaker 1: like in Miami or Tampa, they're actually still holding on 694 00:35:40,960 --> 00:35:43,640 Speaker 1: and actually still going up. And so I expect to 695 00:35:43,680 --> 00:35:46,000 Speaker 1: see that to continue in the real estate market. Go 696 00:35:46,080 --> 00:35:49,360 Speaker 1: watch that video for that. What I would say overall, 697 00:35:49,520 --> 00:35:53,000 Speaker 1: for my um, not my predictions, but how I'm going 698 00:35:53,040 --> 00:35:55,440 Speaker 1: to manage this is I think back to a quote 699 00:35:55,440 --> 00:35:58,319 Speaker 1: from Charlie Munger. He's Warren Buffet's partner, and he said 700 00:35:58,320 --> 00:36:00,960 Speaker 1: that the big money is not made in the buying 701 00:36:01,120 --> 00:36:04,160 Speaker 1: and the selling. It's made in the waiting. And so 702 00:36:04,200 --> 00:36:07,279 Speaker 1: what that means to me is that I don't need 703 00:36:07,320 --> 00:36:11,480 Speaker 1: to always be doing something. Investing should be boring. I 704 00:36:11,520 --> 00:36:14,239 Speaker 1: want to be waiting for the right opportunity. So I'm 705 00:36:14,239 --> 00:36:16,719 Speaker 1: okay being patient. I think patience is going to be 706 00:36:16,719 --> 00:36:19,680 Speaker 1: the key for three. We want to wait for these 707 00:36:19,719 --> 00:36:22,200 Speaker 1: things to develop. We want to wait for the Fed 708 00:36:22,280 --> 00:36:25,760 Speaker 1: to start to change his mind. And I'm okay waiting, 709 00:36:25,960 --> 00:36:29,480 Speaker 1: being patient, and then I'm gonna look for the best opportunities. 710 00:36:29,520 --> 00:36:32,000 Speaker 1: The best opportunity is gonna be the early trends that 711 00:36:32,080 --> 00:36:34,600 Speaker 1: I'm gonna have to wait again for them to develop. 712 00:36:34,920 --> 00:36:38,480 Speaker 1: I think gold, I think commodities, so gold energy, you know, 713 00:36:38,520 --> 00:36:40,480 Speaker 1: overall commodities. I think it's going to be the trade 714 00:36:40,480 --> 00:36:42,240 Speaker 1: for the next debt for the rest of the decade. 715 00:36:42,440 --> 00:36:44,360 Speaker 1: But it's gonna take a while for that trend to develop, 716 00:36:44,360 --> 00:36:46,759 Speaker 1: and so I'm gonna be patient. I'm gonna wait for that, 717 00:36:46,920 --> 00:36:48,520 Speaker 1: and then i'm gonna get into that. I'm gonna patient. 718 00:36:48,520 --> 00:36:50,560 Speaker 1: I'm gonna wait for that to develop as well. So 719 00:36:50,560 --> 00:36:53,120 Speaker 1: that's my plan for three. Hopefully that makes sense to 720 00:36:53,120 --> 00:36:54,400 Speaker 1: you if you're just tune in. You're listening to the 721 00:36:54,400 --> 00:36:57,400 Speaker 1: Marketma Show talking about the decentralized revolution and that some 722 00:36:57,440 --> 00:36:59,680 Speaker 1: of my outlook for next year in financial markets and 723 00:36:59,680 --> 00:37:03,000 Speaker 1: Glowe really from a geopolitical level. Hopefully you enjoyed that. 724 00:37:03,360 --> 00:37:04,600 Speaker 1: Hit me up on social media let me know what 725 00:37:04,640 --> 00:37:07,319 Speaker 1: you think. At one Mark Moss and that's what I got. 726 00:37:07,360 --> 00:37:08,040 Speaker 1: Thanks for listening.