Speaker 1: Hello, and welcome back to another episode of The Markma Show,
Speaker 1: where we're talking about the decentralized revolution each and every week,
Speaker 1: and we look at it through the lens of politics, finance,
Speaker 1: and technologies. You can make uh context, you can have
Speaker 1: better context to what's going on in the world today,
Speaker 1: because a lot of times you look at pieces of
Speaker 1: information and you just don't really understand them, and so
Speaker 1: we're trying to try to change that. And so you know,
Speaker 1: I want to bring to you some ways some different
Speaker 1: perspectives to look at things, some of the latest breaking news,
Speaker 1: and that's what we're gonna look at right now. I've
Speaker 1: got a lot of big stories that have dropped down
Speaker 1: this week that I want to cover, including what's going
Speaker 1: on with bitcoin, cryptocurrencies and stable coins, UM, big big,
Speaker 1: big movements in the regulations that are coming some big
Speaker 1: heavy hands um that are coming down, some new legislation
Speaker 1: pieces that have come down. We'll look at some of
Speaker 1: the more of the F T X S B F drama.
Speaker 1: A lot of drama happening there. I'm wanna look at
Speaker 1: some of the what I call the revolution files, which is, uh,
Speaker 1: the world is changing right now and it's being led
Speaker 1: by one catalyst, and it's all being turned around. Truth
Speaker 1: we're talking about that, we're looking at the economy, what's
Speaker 1: gonna happen with the economy, And then I want to
Speaker 1: give you what I I'm gonna give you my three
Speaker 1: outlooks and predictions. So I got a lot to cover.
Speaker 1: Let's go ahead and just jump right into it. Stick
Speaker 1: with me here, and so right off the bat, let's
Speaker 1: just start up talking about bitcoin and cryptocurrencies and stable
Speaker 1: coins and laws and all of that kind of stuff.
Speaker 1: And so what we've seen is that, you know, it's
Speaker 1: been a bad year for cryptocurrency. It's been a bad
Speaker 1: year for bitcoin. Bitcoin is down, you know, six from
Speaker 1: its peak back in November of two thoe. So over
Speaker 1: a year of downward directions. Been a tough year if
Speaker 1: you're a bitcoin or if you're if you're a cryptocurrency advocate.
Speaker 1: But have we found the bottom now? I've been talking
Speaker 1: about the bottom for quite a while, very simply, very simply.
Speaker 1: Markets stopped going up when there's no more buyers, and
Speaker 1: markets stopped going down there's no more sellers. And so
Speaker 1: we're trying to find the point of when have we
Speaker 1: exhausted all the selling and we look through some telltale
Speaker 1: signs I've been talking about um where I believe if
Speaker 1: we've kind of found that bottom, we've exhausted that selling
Speaker 1: for the last couple of couple of months, and I
Speaker 1: think it's right here around this kind of sixteen to
Speaker 1: eighteen thousand dollar price point, and we're continue to see
Speaker 1: more and more and more details and more info that
Speaker 1: show that. And so this week we saw that it
Speaker 1: looks like the whales wells are people that buy big
Speaker 1: amounts at a time, are starting to accumulate bitcoin. So
Speaker 1: one thing that breaks bitcoin out from every other financial
Speaker 1: asset is that it's an open source, open ledger, and
Speaker 1: so we can see all of this data that we
Speaker 1: would normally see. And what we can see is, as
Speaker 1: I said, like bitcoin seems to be locked into this
Speaker 1: like sixteen to eighteen thousand dollar price point, which is
Speaker 1: pretty amazing considering how much more bad news continues to
Speaker 1: come out. Ft X went down, you know, billions of
Speaker 1: dollars are gone. Didn't seem to budge finance now could
Speaker 1: potentially go down. What about gray scale bitcoin trust could
Speaker 1: break apart? What about Genesis going down? And none of
Speaker 1: this bad news seems to push the price down anymore.
Speaker 1: As a matter of fact, the price has been so
Speaker 1: stable bitcoin is to quickly people like, oh, bitcoin is
Speaker 1: too volatile, and so it has been very volatile. But
Speaker 1: bitcoin has been so stable that the volatility has been dropping.
Speaker 1: As a matter of fact, the annualized one month realized
Speaker 1: volacility fell to a two year low of thirty eight percent.
Speaker 1: I think we talked about that last week. But what
Speaker 1: we know is that bitcoin is volatile, and so we
Speaker 1: shouldn't expect it to stay there for long. Which way
Speaker 1: will it go? Well, what we can see from the
Speaker 1: on chained data is, like I said, these big accounts,
Speaker 1: these big wallets or or whales are accumulating. As a
Speaker 1: matter of fact, they've been accumulating a lot. We've seen
Speaker 1: large wallets have accumulated over four hundred thousand bitcoin almost
Speaker 1: seven billion dollars worth a bitcoin at today's price um
Speaker 1: since um since bitcoin hit about that eight eighteen thousand
Speaker 1: dollar level um in November, and so they've been accumulated.
Speaker 1: They're buying that up now. The reason why that's important
Speaker 1: to understand is you're trying to find out where support
Speaker 1: and resistance is. Like I said, markets stopped going down
Speaker 1: when there's no more sellers, and so the selling seems
Speaker 1: to have been exhausted, and now what we're seeing is
Speaker 1: massive amounts of buying at that level, so that that
Speaker 1: creates support, all right, and so let me let me
Speaker 1: explain a little bit more over the last week, we
Speaker 1: saw these um wallets just in the last week have
Speaker 1: experienced an inflo of over seventy thousand bitcoin UM Around
Speaker 1: a hundred and twenty thousand bitcoin was accumulated at the
Speaker 1: sixteen thousand dollar level. And the reason why that's important
Speaker 1: understand is that seems to be an area that's very,
Speaker 1: very aggressively defended. So if the price dips down below
Speaker 1: seventeen thousand, lots of buying comes back out to keep
Speaker 1: it back up to that level. And the reason why
Speaker 1: that's important is that we would then maybe say, well,
Speaker 1: that's kind of set a floor. Maybe it can't drop
Speaker 1: down below because who's going to sell Their sellers have
Speaker 1: been exhausted, But we have lots of people that want
Speaker 1: to buy if it gets down to that price point.
Speaker 1: And so it looks like we might have found the
Speaker 1: ba him and things are turning around, which is important
Speaker 1: for bitcoin and the cryptocurrency space UM, and like I said,
Speaker 1: it's been a tough year, right because of all of
Speaker 1: the chaos that's happened with these these big exchanges going down,
Speaker 1: and with these big exchanges like f t X, all
Speaker 1: the fraud, all the money has been lost. We have
Speaker 1: a lot of new regulations now. A lot of times
Speaker 1: and I made a video talking about could f t
Speaker 1: X have been like some sort of a psy op
Speaker 1: And a lot of times we can see that they
Speaker 1: may use these types of things UM to garner public
Speaker 1: support where the public is now begging please give us regulations.
Speaker 1: We need you to protect us. And so UM we're
Speaker 1: keeping an eye on what's happening because these regulations are
Speaker 1: going to dramatically shift and change the face of of
Speaker 1: bitcoin and cryptocurrency. Now we have maybe one of the
Speaker 1: most pro bitcoin, pro crypto U S Senators UM, Senator
Speaker 1: Pat Toomey is retiring and so he's been a pro
Speaker 1: he's been an advocate for a bitcoin pitocurrencies, and now
Speaker 1: he's retiring. So that's a little bit of a bummer.
Speaker 1: We need as many supporters as we can in government. However,
Speaker 1: he's leaving us with a final gift, and that final
Speaker 1: gift is A is a bill that he that he's
Speaker 1: introduced to guide UM stable coin legislation next year, and
Speaker 1: he said, quote, I hope this framework lays the groundwork
Speaker 1: for my colleagues to pass legislation next year safeguarding customer
Speaker 1: funds without inhibiting innovation. And so that's the thing. It's like,
Speaker 1: you start putting laws into place on this brand new technology,
Speaker 1: then all of a sudden, it starts to change the
Speaker 1: direction or limit the direction or limit the growth that
Speaker 1: its potential. And so what he's saying is, look, we're
Speaker 1: hoping that this safeguards customers but doesn't limit innovation. And
Speaker 1: so that's, oh, that's that's the right approach. Now, UM
Speaker 1: for no regulations, I think I should be free to
Speaker 1: protect myself. But if they're going to do something, they
Speaker 1: should try to do uh as little as harm as possible. Right,
Speaker 1: how can we protect but without hurting it? And so
Speaker 1: that's where that's where he's he's kind of been at.
Speaker 1: But what he's really been talking about is these stable
Speaker 1: coin transactions. UM. The bill that he introduced would retain
Speaker 1: privacy for stable coin transactions. Of course, losing our privacy
Speaker 1: as the single greatest threat that we have and so
Speaker 1: that this bill retains privacy for that. It sets up
Speaker 1: the controller currency UM as a way to license companies
Speaker 1: issuing UM payments on stable coins. This is a big
Speaker 1: piece of innovation. We're open to get where we could
Speaker 1: actually use stable coins for payment transactions, you know, in
Speaker 1: Starbucks or wealth Starbucks or McDonald's or whatever it may be.
Speaker 1: It also lets non bake entities issue tokens, and it
Speaker 1: also clarifies UM the stable coin issuers that don't offer
Speaker 1: interest wouldn't have to worry about securities laws. It's a
Speaker 1: big piece, right, This is the right. This is the
Speaker 1: clarity that people are looking for UM, and so that's
Speaker 1: that's big. It would also require digital tokens to maintain
Speaker 1: a steady value by pegging to an asset such as
Speaker 1: the dollar. I'm sorry. It would require that digital tokens
Speaker 1: that do UM hold a steady value peg to and
Speaker 1: ask it like a dollar. They have to be fully
Speaker 1: backed by reserves. What a great idea. So it's supposed
Speaker 1: to be a stable coin. It is supposed to be
Speaker 1: pegged one to one to the dollar. That I give
Speaker 1: you a dollar, you give me a token back, and
Speaker 1: in the point I should give you the token to
Speaker 1: give you my dollar back, So that means you should
Speaker 1: hold on to the dollar. So whenever I'm ready to
Speaker 1: get my dollar back, you give it to me. And
Speaker 1: that's what he's saying, and wow, what a what an idea,
Speaker 1: what an innovation. UM And his new legislation is pointedly
Speaker 1: meant to keep the Federal Reserve away from this sector.
Speaker 1: This is the big thing, the danger of CBDCs. We've
Speaker 1: talked about this, and so this legislation is aimed to
Speaker 1: keep the FED away from this sector. UM and what
Speaker 1: he calls a potential conflict of interest if the FED
Speaker 1: is authorized to create a digital dollar in the future,
Speaker 1: because the FED isn't legally constitutionally able to create money.
Speaker 1: That's up to the government, that's up to the Treasury,
Speaker 1: the Treasury, and so the FED should not be able
Speaker 1: to make digital dollars. They don't make money, they don't
Speaker 1: make currency. The Treasury does, as this law prohibits them
Speaker 1: from doing that. If you're just tuning in you're listening
Speaker 1: to the Mark Moa show, we're talking about some of
Speaker 1: the latest breaking news happening in the in the UH
Speaker 1: bitcoin digital cryptocurrency market. As we map out the decentralized revolution.
Speaker 1: I got a lot more to come. When I come back,
Speaker 1: I gotta take a quick break. We're gonna talk about
Speaker 1: some of the SPF F t X drama, some of
Speaker 1: these big revolutions that are happening in freedom of speech,
Speaker 1: that and more. I'll be right back. Hello, and welcome
Speaker 1: back to another episode of the Markma Show, where we're
Speaker 1: talking about the decentralized revolution each and every week. Of course,
Speaker 1: as we look at it through the lens of politics, finance,
Speaker 1: and technology, and the technology being bitcoin and the decentralized
Speaker 1: technology that's bringing us and there's so much going on
Speaker 1: everywhere you look. Now, Like I said, we're talking about
Speaker 1: the decentralized revolution, the way the world is changing. One
Speaker 1: of the things that's rapidly changing, of course as we
Speaker 1: look at it through politics and finance and technology together
Speaker 1: is the way that uh, freedom of speech has been
Speaker 1: controlled and censored and managed and so forth. And this
Speaker 1: is a really big deal. Now we've talked about the
Speaker 1: threat that central bank digital currencies posed because they censor
Speaker 1: our ability to communicate value but with money, but sensoring
Speaker 1: our speech like on on social media platforms also censors
Speaker 1: our communication but with words. Now, I believe that, you know,
Speaker 1: the Bible says that truth self sets you free. I
Speaker 1: believe that the truth will always be found if we're
Speaker 1: able to have open, honest dialogue, intelligent dialogue. The truth
Speaker 1: is found. If somebody says something stupid, something cookie, something weird,
Speaker 1: some misinformation, so to speak, it's very quickly found out
Speaker 1: if we're allowed to have open dialogue about it. Right,
Speaker 1: A lot of times I might see something being posted
Speaker 1: on Twitter and I'm like, oh, that's so good. I
Speaker 1: didn't think about that, and then I go read comments
Speaker 1: and I'm like, oh, wait a minute, this guy is
Speaker 1: wrong because this is bright dadada. And so it's it's that,
Speaker 1: it's that conversation. It is that dialogue that allows us
Speaker 1: to understand what the truth is, not through censorship, not
Speaker 1: through having one voice telling us that's the opposite, that's
Speaker 1: the opposite. And the reason why it's important is because
Speaker 1: in order for the centralization of the world, as I
Speaker 1: argue that the world has been swinging towards centralization and
Speaker 1: now swinging back towards decentralization, and in order to control
Speaker 1: the world and have that centralized power, you have to
Speaker 1: control the narrative. You have to control the speech, and
Speaker 1: so of course they've been trying to do that. Now, Um,
Speaker 1: we have seen how the FBI and the government, it's
Speaker 1: now completely out in the open. They've been manipulating all
Speaker 1: social media platforms to make sure we don't see things
Speaker 1: they don't want us to see, make sure we only
Speaker 1: see things they do want us to see. It more
Speaker 1: importantly that we only hear the narrative they wants to hear,
Speaker 1: and even more importantly that we're not able to you
Speaker 1: have dialogue, open honest dialogue about these issues. Now, that
Speaker 1: doesn't prom They say it's to protect democracy. Um, democracy,
Speaker 1: which is a funny word. First of all, the United
Speaker 1: States isn't a democracy. The United States is a republic.
Speaker 1: They want you to think it's a democracy, because if
Speaker 1: they can get you to think it's a democracy, then
Speaker 1: they control it better. But it's not. It's a republic. However,
Speaker 1: if we just take democracy as it is, Um, democracy
Speaker 1: is what mob rule, right, it's what the people want.
Speaker 1: And so how do you know what the people want
Speaker 1: if the people aren't able to voice their opinion. And
Speaker 1: so when they say we need to censor these platforms
Speaker 1: to save democracy, no democracy would be hearing what everybody
Speaker 1: has to say and what the majority of the people want.
Speaker 1: So you can't say, well, you know the majority wants
Speaker 1: maga Republicans, and so that's a threat to our democracy.
Speaker 1: Well know, if that's what the majority wants, that is
Speaker 1: the democracy. So it's just backwards. But we know that
Speaker 1: they've been actively censoring. And so finally all these Twitter
Speaker 1: files have been coming out. Elon Musk bought Twitter. He
Speaker 1: said it's the most important platform in the world because
Speaker 1: that's the town squares with the conversation has happened. He
Speaker 1: believes in the importance of free speech. Look, humans can speak,
Speaker 1: animals can't. That's what separates us, all right, the that's
Speaker 1: what separates We should embrace that we should all be speaking.
Speaker 1: And so he boughties, opened this up. And what he
Speaker 1: did is he went and pulled all the documents and
Speaker 1: he's been releasing them. We've covered some of this last week,
Speaker 1: and he get he's been giving them some big name
Speaker 1: reporters they can kind of release them and go through them.
Speaker 1: And what we saw is actual emails and actual text
Speaker 1: messages from the government to Twitter staff saying shut these
Speaker 1: people down, sense of these people, change these stories kill
Speaker 1: these stories, promote these stories, etcetera, etcetera, etcetera. And this
Speaker 1: has been swirling around, swirling around, swirling around. Now when
Speaker 1: they censer free speech, it leads to massive speculation, and
Speaker 1: no mainstream media outlets will cover this except Fox has
Speaker 1: covered its them. Now, um, now you know whatever speculations
Speaker 1: run wild supposedly, now there's all this, uh, you know, conspiracy.
Speaker 1: The f I was trying to cover things up, and
Speaker 1: to stop that, the FBI decided to be transparent. The
Speaker 1: FBI decided to respond to the evidence from the Twitter
Speaker 1: files suggesting that the FBI covered up the Hunter Biden
Speaker 1: laptop story. And the FBI waged a disinformation campaign to
Speaker 1: persuade new news organizations and social media platforms and Twitter
Speaker 1: and Facebook and voters that the Hunter Biden laptop was
Speaker 1: a product of Russian hack and leak. Now we have
Speaker 1: correspondence between FBI and Twitter showing all these examples of
Speaker 1: this stuff happening. So the FBI had to finally address it,
Speaker 1: and they said, you won't believe it. They said, it
Speaker 1: is unfortunate that conspiracy theorists and others are feeding the
Speaker 1: American public misinformation with the sole purpose of attempting to
Speaker 1: discredit the agency. That's what they said. But then they
Speaker 1: went on, but then they went on to say, it's
Speaker 1: it's it's not it's not some big con piracy. What
Speaker 1: are you guys talking about. This isn't a conspiracy. Of course,
Speaker 1: we do this. We do it all the time. We
Speaker 1: intervene in all the platforms and and give them all
Speaker 1: this information and ask them to change all this information.
Speaker 1: But we do it to protect them. We do it
Speaker 1: to protect the platforms because we don't want them spreading misinformation.
Speaker 1: We don't to protect the people. So everyone's getting all
Speaker 1: worked out that the that the that the government in
Speaker 1: their intelligence communities are actively working against the constitutional rights
Speaker 1: of the people. Um. And they come out and say, yeah,
Speaker 1: you're right, we actually do that. We actually do and
Speaker 1: so what um it says here quote I'm gonna read
Speaker 1: it directly from them. The correspondence between the FBI and
Speaker 1: Twitter show nothing more than examples of our tradition, longstanding
Speaker 1: and ongoing federal government and private sector engagements which involved
Speaker 1: numerous companies over multiple sectors in the industries. So basically,
Speaker 1: you think it's bad with Twitter, we do it with everybody.
Speaker 1: You're worked up that we're actively subverting the will and
Speaker 1: working against the constitution of the people on Twitter, Well,
Speaker 1: we got news for you. We do with everybody, he said.
Speaker 1: They said here in numerous companies, over multiple sectors and industries,
Speaker 1: continued quote. As evidenced in the correspondence, the FBI provides
Speaker 1: critical information to the private sector and an effort to
Speaker 1: allow them to protect themselves and their customers. Um. So
Speaker 1: like um actively lying, so they protect us by lines
Speaker 1: sort of like when Fauci said that there's absolutely no
Speaker 1: reason to wear masks. They do absolutely nothing, and then
Speaker 1: later he went on to say that we need to
Speaker 1: wear masks, and he said, well, the reason why I
Speaker 1: lied before is I was trying to protect the people
Speaker 1: because you know, we were running short on supplies and
Speaker 1: I didn't want them to go buy up everything, so
Speaker 1: I lied. But it was for their best interest. That's
Speaker 1: basically the FBI is saying, we do it again, Um,
Speaker 1: in an effort to allow them to protect themselves. We
Speaker 1: lie to protect themselves. Insane and insane. So um, yeah,
Speaker 1: it's not a conspiracy. They like now they want to
Speaker 1: tell you that this conspiracy theory as as a way
Speaker 1: to discredit people, But there is such thing as conspiracy.
Speaker 1: As a matter of fact, there's laws against conspiracy. As
Speaker 1: a matter of fact. Sam Bankman, freed at f t X,
Speaker 1: is charged with I believe six counts of conspiracy, which
Speaker 1: actually could see him serving life behind bars. But that's
Speaker 1: a whole another story. But just so you know that
Speaker 1: the freedom of speech is changing the world. We're starting
Speaker 1: to see all types of things coming out online, um
Speaker 1: that are going to reshape this world because the truth
Speaker 1: shall shet us free. And that's exactly what's happening. If
Speaker 1: you're just tune in and listening to the markmas Show,
Speaker 1: we're talking about the decentralized revolution, the way the world
Speaker 1: is changing, and some of the ways it's changing is
Speaker 1: of course, technology is allowing us to interact and share
Speaker 1: information that we weren't able to before, and that will
Speaker 1: reshape politics as well. I got a lot more to cover.
Speaker 1: IM gonna talk about the economy, what's going on there
Speaker 1: and my predictions for next year. Don't go away. I
Speaker 1: want to be back with all that and more in
Speaker 1: a minute. We're back, all right, Welcome back. If you
Speaker 1: just tune in, you're listening to the Mark mo Show,
Speaker 1: we're talking about the decentralized revolution, the way the world
Speaker 1: is changing right before very eyes through the lens of politics, finance,
Speaker 1: and technology. And we're ripping through some of the latest
Speaker 1: breaking news this week that highlights it. It's the signposts
Speaker 1: that show us that we're getting closer to this inevitable
Speaker 1: outcome that's coming up and we can see it, like
Speaker 1: I said, through the lens of politics, finance, and technology,
Speaker 1: and I'd like to look at the convergence of those
Speaker 1: and we have some big stories in politics and finance today.
Speaker 1: And that is one of the most graririous bills that
Speaker 1: I've ever seen. Rampaul calls an abomination, and I'm talking
Speaker 1: about this week, Um, something called the Omnibus Bill. Now,
Speaker 1: the Omnibus Bill is basically a hodgepodge where, um, they
Speaker 1: just grab a whole bunch of crap, they stick it
Speaker 1: all together, they try and cram it down, um so
Speaker 1: quick and so fast before anybody has any time to
Speaker 1: even take a look at it and even understand what
Speaker 1: it is. Much less the American people talk about it
Speaker 1: and maybe have a chance to like discuss it and
Speaker 1: maybe talk to their represented elected representatives so they could
Speaker 1: go make a proper vote right. Uh. Last I checked
Speaker 1: to the United States is a republic where we elect
Speaker 1: representatives to go to Washington to represent our best interests.
Speaker 1: And so if those representatives are there to vote in
Speaker 1: our best interests, we should have a chance to voice
Speaker 1: what our interests are to them through phone calls and
Speaker 1: emails and letters and so forth. And so it would
Speaker 1: make sense that if they're going to pass some enormous
Speaker 1: like the biggest bill ever, it makes sense that it
Speaker 1: should follow like a process that allows our representatives to
Speaker 1: read it and understand it and get the will of
Speaker 1: their people. But of course that's not what they want.
Speaker 1: Of course, they want to subvert the will. Of course
Speaker 1: they want to cram this through so they can get
Speaker 1: all of their buddies paid and and and stuff their
Speaker 1: pockets full. And that's exactly what's happening. So that's what
Speaker 1: this omnibus bill is. It's an abomination. I want to
Speaker 1: I want to break it down a little bit for you. Uh,
Speaker 1: if you haven't heard, it's one point seven trillion dollars
Speaker 1: at a time when we've printed way too much money
Speaker 1: and inflation is way too high, we have way too
Speaker 1: much debt, thirty one trillion dollars of debt. Uh, we're loot.
Speaker 1: We're adding another trillion dollars or so of debt per year.
Speaker 1: But what the heck? What's one point seven trillion dollars more?
Speaker 1: Now to put this into perspective for you, Um, that's
Speaker 1: more than double the amount of money that was needed
Speaker 1: to save the entire global financial system in two thousand eight.
Speaker 1: The bills over four thousand pages four thousand one pages long,
Speaker 1: and no one can read it for a couple of reasons. One,
Speaker 1: just to read it, you would have to read two
Speaker 1: pages per hour, I'm sorry, two pages per minute, which
Speaker 1: is impossible to do. Um. And you'd have to do
Speaker 1: that for about thirty six hours straight without taking a break.
Speaker 1: And if that wouldn't be hard enough already, the bill
Speaker 1: was delivered at one thirty a m. In the middle
Speaker 1: of the night and days before Christmas. So yeah, now
Speaker 1: it's not like they didn't know about it and they
Speaker 1: just got it done. No, no, no, This is supposed
Speaker 1: to be a bill that goes in every year. It's
Speaker 1: written in law. They were supposed to have it done
Speaker 1: in September, so we're supposed to be done in September.
Speaker 1: Why do they bring it in at one thirty am,
Speaker 1: four thousand pages, days before um. It goes um days
Speaker 1: before Christmas. And of course it's not a big surprise
Speaker 1: because they want to cram this through without hearing the
Speaker 1: will of the people, are having anybody have any ability
Speaker 1: to say anything about it. Now, Luckily, we do have
Speaker 1: a few good people left in government who are like,
Speaker 1: this is insane, this is ridiculous, and there's no way
Speaker 1: we're passing this. There's no way. One of those is
Speaker 1: Rand Paul Um. He's doing that. But of course the Democrats,
Speaker 1: they want to slam this through no matter what. As
Speaker 1: a matter of fact. Uh, good old Schumer. He says
Speaker 1: that we have to get this through for the good
Speaker 1: of the American people. Now is this for the good
Speaker 1: of the American people? I'm an American. I would rather
Speaker 1: not go through. And I bet you that if everybody
Speaker 1: else found out what was in that bill, I bet you,
Speaker 1: I bet you. If you I'm gonna tell you a
Speaker 1: couple of things that are I bet you, I bet you,
Speaker 1: nine out of ten Americans would not want this bill
Speaker 1: to go through if they knew what was in it.
Speaker 1: But they're trying to They're trying to cram it through
Speaker 1: their throats. Now we have this back and forth. The
Speaker 1: Republicans passed try to try to trying to hold it up.
Speaker 1: There's something called Title forty two, and now the Democrats
Speaker 1: and Chuck Schumer are now trying to file this new
Speaker 1: kind of amendment to that to try to to try
Speaker 1: to force it through. They're trying to trying to trying
Speaker 1: to get it through any way they can. And again,
Speaker 1: all of this days before Christmas. So let's let's talk
Speaker 1: about a couple of things that are inside of there.
Speaker 1: Like I said, my guess is nine out of ten
Speaker 1: people would not want this to go through. Right off
Speaker 1: the bat, I don't want one point seven more one
Speaker 1: point seven shillion dollars or more debt added to the
Speaker 1: balance sheet that my kids and grandkids are gonna have
Speaker 1: to pay. I don't want one one point seven shillion
Speaker 1: dollars adding more towards inflation and lowering my cost of living.
Speaker 1: I don't want that, do you? And I would guess no,
Speaker 1: unless some of that money is going into your pocket,
Speaker 1: which probably none of it is. Let's take a look
Speaker 1: at some of this stuff. So a couple of things
Speaker 1: here that are just insane. First, of all of the
Speaker 1: one point seven trillion, half of it, or more than
Speaker 1: half of an eight billion of it goes to the
Speaker 1: Pentagon for more military spending the military industrial complex. Now,
Speaker 1: just in case you didn't know, the U. S. Military
Speaker 1: spends more money than the next ten countries combined combined.
Speaker 1: So who are we at war with? And what's the threat?
Speaker 1: Because we don't just spend more than the number two
Speaker 1: or more than the number three. We spend more than two, three,
Speaker 1: four or five six combined. But yet we need to
Speaker 1: spend more. So ellion is going to go to the
Speaker 1: Defense Department. Now I can't tell you where that money
Speaker 1: is going to go because they don't even know. The
Speaker 1: Pentagon continues to lose trillions of dollars every single year.
Speaker 1: When I say lose, not like they spent more than
Speaker 1: they brought in. I mean lose as in they don't
Speaker 1: know where it goes. And of course they don't know
Speaker 1: where it goes because it goes into all their pockets,
Speaker 1: and of course they don't want to know. They they've
Speaker 1: failed audit after audit after audit after audit. They said,
Speaker 1: maybe they've never they've never passed on They said maybe
Speaker 1: they'd be able to pass an audit in five years
Speaker 1: from now, we'll see so half of it INTERF billion
Speaker 1: goes to defense spending. We don't know where that goes,
Speaker 1: some black box that just continues to make the military
Speaker 1: industrial complex bigger. But then we have seven hundred seventy
Speaker 1: two billion that goes to what's called discretionary spending. Now,
Speaker 1: the way discretionary spending works is you have your mandatory
Speaker 1: expenses like your house payment, your electricity bill, on your
Speaker 1: car payment. Discretionaries, money you have left over if you
Speaker 1: want to go out to eat or buy some new
Speaker 1: clothes for your wife, um, discretionary. Now, when we sillion
Speaker 1: dollars of debt and we are losing a chillion dollars
Speaker 1: a year, I don't think we have any room for
Speaker 1: discretion I explaining it doesn't stop them seven billion for that.
Speaker 1: Let's break some of this down. We got four hundred
Speaker 1: million going to secure the borders of Jordan, Lebanon, Egypt,
Speaker 1: Tunisia and Oman. What about the U. S Border? We
Speaker 1: have an invasion five million illegals have made across the border,
Speaker 1: but we don't have any money to go spend to
Speaker 1: scare board. As a matter of fact, in that bill.
Speaker 1: It prohibits expressly prohibits funding from being used to improve
Speaker 1: US border security. We have one point four billion going
Speaker 1: for membership into global multilateral organizations, including the u N.
Speaker 1: We're talking about like World Economic Form. We're talking about
Speaker 1: non government organizations. So we're paying one point four billion
Speaker 1: to global multilateral organizations. Probably on need to do that.
Speaker 1: Five million half over half a billion dollars for quote,
Speaker 1: family planning in areas where population growth threatens bio diversity,
Speaker 1: so um colling the herd. Let's let's kill some people.
Speaker 1: Half a billion dollars for that. We got over half
Speaker 1: a billion dollars five four million for uh quote structural
Speaker 1: racism focused in each subdivision. We have two hundred million
Speaker 1: going to Pakistan for gender equity, gender programs in Pakistan
Speaker 1: two million. We don't have any discretionary spending. Why are
Speaker 1: we giving Pakistan tuan a million for gender programs? No less,
Speaker 1: we added fifteen million for vaccine industries. Are gonna need
Speaker 1: that three thirty five million to prepare for another influenza pandemic,
Speaker 1: including of course surveillance tools. Over half a billion five
Speaker 1: thirty five million for Corporation for Public Broadcasting inn PR
Speaker 1: or you know, propaganda. We have another about fifteen billion
Speaker 1: going to the intelligence community to increase their budgets for
Speaker 1: J six. Specifically, we got UH two eighty six million
Speaker 1: for Title X funding, which funds planned parenthoods we can
Speaker 1: kill more babies. We have seven hundred fifty thousand all
Speaker 1: I was going to a Los Angeles based transgender group
Speaker 1: to inject more l g B d q um UM
Speaker 1: education into elementary schools. We have another eight point six
Speaker 1: million for the Pentagon for gender advisement programs. These are
Speaker 1: not things that I want, and I would imagine these
Speaker 1: are things that you don't want, But of course I'd
Speaker 1: love to hear from you. Hit me up on social media.
Speaker 1: Do you hit me on Twitter at one Mark Mosson
Speaker 1: let me know, or on Instagram at one Mark Mosson
Speaker 1: let me know there as well. Otherwise I'm gonna cram
Speaker 1: this thing through here in Christmas before anybody has a
Speaker 1: chance to read it all. Right now, if you just
Speaker 1: tune in your listening to the Mark moss Show, We've
Speaker 1: got a lot more to cover when I come back,
Speaker 1: and I'm gonna give you my outlooks and predictions for
Speaker 1: this is the part you don't want to miss We're
Speaker 1: back without more in a minute. Don't go away, all right,
Speaker 1: welcome back. You're listening to the Mark Mos Show. If
Speaker 1: you're just tuning in, we're talking about the decentralized revolution,
Speaker 1: like we talked about each and every week. Of course,
Speaker 1: as we look at the changing world and what's happening
Speaker 1: is we can navigate this together and we look at
Speaker 1: through the lens of politics, finance, and technology. Now we've
Speaker 1: covered a lot of big headlines this week, and now
Speaker 1: I wanna end with something that I'm calling my three
Speaker 1: outlook and Predictions. So lots of uncertainty, lots of uncertainty
Speaker 1: in the world. You know, what's going to happen politically
Speaker 1: and financially? Is the world going to break apart? Are
Speaker 1: we going to come together? Or we're gonna go to
Speaker 1: war with Russia, We're gonna go to war with China.
Speaker 1: What's going to happen to my retirement account at my
Speaker 1: house and my cryptocurrency, my bitcoin, et cetera, all those things,
Speaker 1: So let's talk about that. So the first thing that
Speaker 1: should be apparent to you more than ever before, if
Speaker 1: it wasn't already, is that um, the federal reserve, the
Speaker 1: central bank, the fellow reserve is in control of the markets.
Speaker 1: So when it comes to you know, like I said,
Speaker 1: your retirement account, your cryptocurrency account, your house value, things
Speaker 1: like that, it should be abundantly clear that the FETE
Speaker 1: is in the driver's seat. And so we saw, you know,
Speaker 1: through or trying to recover in the government, they shut
Speaker 1: the economy down, and the FED responded by pumping the
Speaker 1: economy full of money. When they did that, we saw
Speaker 1: asset prices GHO sky high. So a couple of things
Speaker 1: that we saw there that you need to keep in
Speaker 1: mind to move to navigate this moving forward, is that
Speaker 1: we went from a period really where the FED was
Speaker 1: just trying to kind of manage monetary policy and interest
Speaker 1: rates to two thousand and eight where they really tried
Speaker 1: to impact and move monetary policy um using quantitative easy
Speaker 1: and things like that in two thousand eight. But then
Speaker 1: what happened in is the FED moved into a much
Speaker 1: more active role inside the economy, and as a matter
Speaker 1: of fact, not just an active role and certainly not
Speaker 1: a reactive role like they were in two thousand eight.
Speaker 1: But now they want to be the leading indicator, the
Speaker 1: leading role in the economy. And so there was a
Speaker 1: massive shift that happened in the last couple of years.
Speaker 1: And we saw Jerome Powell, the head of the Federal Reserve,
Speaker 1: come in and say that, you know, we're not thinking
Speaker 1: about thinking about raising rates. He said that they would
Speaker 1: not raise rates for four years, and of course I
Speaker 1: was two years ago. Um. They told us that inflation
Speaker 1: wasn't a problem, inflation was transitory and all these things,
Speaker 1: and of course they got caught off guard, and so
Speaker 1: in November of two twenty one, they announced that we
Speaker 1: have to start raising rates. And it's important to understand
Speaker 1: how this works because as soon as they said they
Speaker 1: would start raising rates, risk assets, mostly stocks, tech stocks,
Speaker 1: etcetera started selling off. Now Bitcoin started selling off first,
Speaker 1: A couple of days later, the nasdacs started selling off.
Speaker 1: A couple months later, the SMP five hundred started selling off.
Speaker 1: But everything has been declining since then, and all eyes
Speaker 1: are on the FED now. Just I mean five years ago,
Speaker 1: most people never even talked about the FED or paid
Speaker 1: attention to the FED. And now today every time they
Speaker 1: go into a meeting, all eyes are watching the FED
Speaker 1: to understand exactly what is coming next. Because as again
Speaker 1: as I said, they're in the driver's seat now. They
Speaker 1: have extra external forces that obviously impact what they do,
Speaker 1: But we need to understand what's gonna happen there first.
Speaker 1: So if we want to know, will the stock market
Speaker 1: um crash will continue with bullish trend um, is the
Speaker 1: secular long term trend broken and all the things? Like
Speaker 1: I said, we have to go and go back to
Speaker 1: the FED. So the first thing I want to do
Speaker 1: is realize that we don't want to fight the FED.
Speaker 1: We don't want to work against the FED. So as
Speaker 1: long as the FED wants to be hawkish and they
Speaker 1: want to continue raising rates and they want to continue
Speaker 1: to tell us that their goal is to crush demand,
Speaker 1: understand that their goal is to make you feel broke,
Speaker 1: we don't want to fight that. There's no reason why
Speaker 1: we need to catch falling knives. There's no reason why
Speaker 1: we need to try to time the exact bottom. I
Speaker 1: want to be patient, So I'm gonna sit there and
Speaker 1: I'm gonna wait. I donna wait until there's some clarity.
Speaker 1: I'm gonna wait until the FED. Eventually, like I said,
Speaker 1: the FED has external forces they have to manage, and
Speaker 1: eventually they will be forced to go back into an
Speaker 1: easy situation, and so we're going to just watch out
Speaker 1: for that all right now, a lot of people keep
Speaker 1: thinking they're gonna pivot, They're gonna pivot, but like I said, FED,
Speaker 1: the FED chair of Joan pal keeps saying, look, we're
Speaker 1: not going to now. He says they're not going to
Speaker 1: lower rates for many years now, just like he said
Speaker 1: they wouldn't raise them for a couple of years. I
Speaker 1: think eventually he wills sooner than he wants to UM,
Speaker 1: but for now he won't. Another thing that I think
Speaker 1: is going to happen is I believe the world is
Speaker 1: going to continue to decentralize. I believe supply chains are
Speaker 1: going to continue to break down because of that. The
Speaker 1: way that the world trades is changing, and the way
Speaker 1: that we move energy and other products is changing. We
Speaker 1: can see that we're re on shoring a lot of
Speaker 1: manufacturing the United States, UM. Lots of bills have been
Speaker 1: passed by the Biden administration to really severely impact China,
Speaker 1: and so I believe that we're gonna continue to see
Speaker 1: the world's kind of breaking apart everybody. Instead of just
Speaker 1: in time, supply chains will be just in case. So
Speaker 1: they're gonna start to manufacture and store more inventory, and
Speaker 1: all of these changes are going to be highly inflationary.
Speaker 1: And so we took jobs that paid in the US,
Speaker 1: now we sent them overseas for ten thou Now those
Speaker 1: jobs have to come back UM, and so that's gonna
Speaker 1: be inflationary. So the FED has this goal of this
Speaker 1: two percent target of inflation, which of course they overshot
Speaker 1: and made up at nine percent inflation, and they're trying
Speaker 1: to get it back down to two percent. I think
Speaker 1: we'll also see the FED maybe come off of that
Speaker 1: goal or at least um at least agree that we
Speaker 1: don't need to get there right away. I think that
Speaker 1: we might see inflation four or five percent and just
Speaker 1: kind of being okay with that, and that's guys, we're
Speaker 1: gonna have to. So I believe that the inflation target
Speaker 1: of the FED will be higher. I don't believe we'll
Speaker 1: get back down to two percent. I believe will be
Speaker 1: in that higher four or five percent range. As globalization
Speaker 1: continues to push inflation higher. That's gonna have to be
Speaker 1: something that they're used to. UM. And so those are
Speaker 1: those are two big trends that I'm looking for. I
Speaker 1: think that again, the FED has these external forces that
Speaker 1: they have to deal with, and so eventually, even if
Speaker 1: they want to keep rates higher for a lot longer,
Speaker 1: eventually they're going to be forced to come off of that.
Speaker 1: But when so, I'm guessing, mom, I'm sort of predicting
Speaker 1: that that probably happens in Q two, Q three of
Speaker 1: next year. So I think things will probably get so bad.
Speaker 1: We can already see these signs is starting to form
Speaker 1: um through the manufacturing, through consumer sentiment, through debt level,
Speaker 1: savings levels, et cetera, that I believe the pain level
Speaker 1: is going to get so high the economy will freeze up. Which,
Speaker 1: by the way, the FED doesn't care. They want to
Speaker 1: make you broke um. They don't care about your retirement
Speaker 1: account of your house value. What they do care about, though,
Speaker 1: is they care about the liquidity and the financial system.
Speaker 1: And so we're starting to see liquidity dry up. You
Speaker 1: can see it in the bond markets, you can see
Speaker 1: it in the high yield corporate credit markets, you can
Speaker 1: see it in the treasury markets even And so I
Speaker 1: believe that things could get to a point where it's
Speaker 1: so bad the FED is forced to act UH sometime
Speaker 1: next year and they're forced to kind of get into
Speaker 1: this verbial pivot. Pivot for me would be to go
Speaker 1: from a tightening to an easy not a pause, but
Speaker 1: but an actual pivot or a reversal. Uh. And maybe
Speaker 1: that happens towards the end of next year, and so
Speaker 1: I think that too, maybe we end up higher next
Speaker 1: year in stocks in cryptocurrencies than we are now now.
Speaker 1: As far as real estate, I did a full video
Speaker 1: breaking down real estate and how there's no such thing
Speaker 1: as the market, but there's thousands of markets. Go to
Speaker 1: my main YouTube channels of search Mark Moss to see
Speaker 1: my outlook on real estate. What we're seeing is some
Speaker 1: markets like Seattle of San Francisco are already crashing worse
Speaker 1: than they did in two thousand eight. But other markets,
Speaker 1: like in Miami or Tampa, they're actually still holding on
Speaker 1: and actually still going up. And so I expect to
Speaker 1: see that to continue in the real estate market. Go
Speaker 1: watch that video for that. What I would say overall,
Speaker 1: for my um, not my predictions, but how I'm going
Speaker 1: to manage this is I think back to a quote
Speaker 1: from Charlie Munger. He's Warren Buffet's partner, and he said
Speaker 1: that the big money is not made in the buying
Speaker 1: and the selling. It's made in the waiting. And so
Speaker 1: what that means to me is that I don't need
Speaker 1: to always be doing something. Investing should be boring. I
Speaker 1: want to be waiting for the right opportunity. So I'm
Speaker 1: okay being patient. I think patience is going to be
Speaker 1: the key for three. We want to wait for these
Speaker 1: things to develop. We want to wait for the Fed
Speaker 1: to start to change his mind. And I'm okay waiting,
Speaker 1: being patient, and then I'm gonna look for the best opportunities.
Speaker 1: The best opportunity is gonna be the early trends that
Speaker 1: I'm gonna have to wait again for them to develop.
Speaker 1: I think gold, I think commodities, so gold energy, you know,
Speaker 1: overall commodities. I think it's going to be the trade
Speaker 1: for the next debt for the rest of the decade.
Speaker 1: But it's gonna take a while for that trend to develop,
Speaker 1: and so I'm gonna be patient. I'm gonna wait for that,
Speaker 1: and then i'm gonna get into that. I'm gonna patient.
Speaker 1: I'm gonna wait for that to develop as well. So
Speaker 1: that's my plan for three. Hopefully that makes sense to
Speaker 1: you if you're just tune in. You're listening to the
Speaker 1: Marketma Show talking about the decentralized revolution and that some
Speaker 1: of my outlook for next year in financial markets and
Speaker 1: Glowe really from a geopolitical level. Hopefully you enjoyed that.
Speaker 1: Hit me up on social media let me know what
Speaker 1: you think. At one Mark Moss and that's what I got.
Speaker 1: Thanks for listening.