1 00:00:00,240 --> 00:00:02,320 Speaker 1: Are you caught up on your history of what happened 2 00:00:02,360 --> 00:00:05,120 Speaker 1: in the fifteen hundreds with the separation of church and 3 00:00:05,160 --> 00:00:07,680 Speaker 1: state and the battle went down. Well, you might know 4 00:00:07,760 --> 00:00:10,600 Speaker 1: about the story when the ninety five thesis was put 5 00:00:10,680 --> 00:00:12,840 Speaker 1: under the church store, but do you understand how was 6 00:00:13,000 --> 00:00:17,400 Speaker 1: technology that forced that change? And more importantly, how does 7 00:00:17,600 --> 00:00:22,119 Speaker 1: understanding that story reflect and tell us, maybe highlight and 8 00:00:22,239 --> 00:00:25,320 Speaker 1: show us exactly what is happening today when it comes 9 00:00:25,400 --> 00:00:28,200 Speaker 1: to the terms of not just our information today, but 10 00:00:28,280 --> 00:00:31,960 Speaker 1: as well as our finances and our money. We're going 11 00:00:32,040 --> 00:00:35,040 Speaker 1: to break down what happened in the past fifteen hundred 12 00:00:35,080 --> 00:00:37,400 Speaker 1: so we can understand the rhymes of history and how 13 00:00:37,440 --> 00:00:41,000 Speaker 1: it's repeating, how we can see the same things playing out, 14 00:00:41,159 --> 00:00:44,400 Speaker 1: how that leads into what's happening in the world today, 15 00:00:44,400 --> 00:00:47,600 Speaker 1: and more importantly, what we can do to counteract these 16 00:00:47,760 --> 00:00:51,720 Speaker 1: changes so we can still win even as things are devolving. 17 00:00:52,000 --> 00:00:54,600 Speaker 1: And then eventually where this all leads. It's going to 18 00:00:54,600 --> 00:00:57,680 Speaker 1: be an amazing conversation, one that I've talked about before 19 00:00:57,720 --> 00:00:59,240 Speaker 1: in different bits and pieces, but I haven't put it 20 00:00:59,240 --> 00:01:01,400 Speaker 1: all together. So let's just jump into it. If you're 21 00:01:01,640 --> 00:01:03,880 Speaker 1: just tuning in, you're listening to the Markomall Show. I 22 00:01:03,960 --> 00:01:05,880 Speaker 1: like to talk about the way the world is changing 23 00:01:06,080 --> 00:01:08,920 Speaker 1: as we look at through the lens of politics, finance, 24 00:01:09,080 --> 00:01:11,520 Speaker 1: and technology. So today we're going to be talking about 25 00:01:11,880 --> 00:01:17,279 Speaker 1: finance and technology, not really so much politics, mostly finance 26 00:01:17,280 --> 00:01:18,639 Speaker 1: and technology, and we're going. 27 00:01:18,520 --> 00:01:20,280 Speaker 2: To be used history as our guide. 28 00:01:20,319 --> 00:01:22,720 Speaker 1: I love history because you know, there's the saying those 29 00:01:22,720 --> 00:01:26,000 Speaker 1: who don't understand history are bound to repeat it. And 30 00:01:26,040 --> 00:01:27,440 Speaker 1: I know that a lot of times we hear these 31 00:01:27,480 --> 00:01:29,679 Speaker 1: cliches so often that we start to overlook them, but 32 00:01:30,200 --> 00:01:32,800 Speaker 1: it's true. So for example, if I had touched a 33 00:01:32,840 --> 00:01:35,520 Speaker 1: hot stove and burned my hand, that was in the past, 34 00:01:35,560 --> 00:01:37,560 Speaker 1: that was history. Well I would know that if I 35 00:01:37,720 --> 00:01:40,440 Speaker 1: touched that hot stove again, the same outcome is most 36 00:01:40,480 --> 00:01:41,039 Speaker 1: likely to happen. 37 00:01:41,040 --> 00:01:42,240 Speaker 2: I'll probably burn my hand again. 38 00:01:42,520 --> 00:01:44,679 Speaker 1: And so when we look through history, it's not that 39 00:01:44,760 --> 00:01:47,199 Speaker 1: the exact same things happen. That's why it doesn't repeat. 40 00:01:47,240 --> 00:01:50,200 Speaker 1: It rhymes, it's the rhyme. And the reason why is 41 00:01:50,240 --> 00:01:53,160 Speaker 1: when you understand the mechanics of how that worked, what 42 00:01:53,240 --> 00:01:56,360 Speaker 1: are the cause and effects that transpired, So it's not 43 00:01:56,400 --> 00:01:58,840 Speaker 1: going to happen the exact same way. So, for example, 44 00:01:59,240 --> 00:02:02,280 Speaker 1: I touched the hot stove before and I burned my hand. 45 00:02:02,480 --> 00:02:04,400 Speaker 1: Next time I bumped into the hot stove with my 46 00:02:04,560 --> 00:02:07,600 Speaker 1: arm and I burned my arm. Right, the cause and 47 00:02:07,640 --> 00:02:10,800 Speaker 1: effect you touch something hot, you get a burn is real. 48 00:02:11,040 --> 00:02:13,360 Speaker 1: Whether I burn my hand or my arm changes. That 49 00:02:13,400 --> 00:02:13,880 Speaker 1: makes sense. 50 00:02:14,000 --> 00:02:15,799 Speaker 2: And so when we look at history, we. 51 00:02:15,760 --> 00:02:18,160 Speaker 1: Want to understand the cause and effect so we can 52 00:02:18,280 --> 00:02:20,640 Speaker 1: understand what happens. And let's dig into that. So let's 53 00:02:20,639 --> 00:02:23,000 Speaker 1: go back in time. Now, I say I've broken this 54 00:02:23,040 --> 00:02:25,680 Speaker 1: dow many times that on a two hundred and fifty 55 00:02:25,760 --> 00:02:30,399 Speaker 1: year time frame, we have a pendulum. The world swings 56 00:02:30,560 --> 00:02:33,000 Speaker 1: back and forth on a tune and fete your time frame. Now, 57 00:02:33,000 --> 00:02:37,000 Speaker 1: there's lots of cycles. There's lots of cycles. Let's just 58 00:02:37,080 --> 00:02:39,880 Speaker 1: jump to the eighty four year cycle. It's been popularized 59 00:02:39,919 --> 00:02:42,080 Speaker 1: by the book The Fourth Turning. This talks about eighty 60 00:02:42,120 --> 00:02:44,280 Speaker 1: year cycles. Really it breaks down to about an eighty 61 00:02:44,320 --> 00:02:48,200 Speaker 1: four year cycle. It's not exact, and they're like seasons 62 00:02:48,200 --> 00:02:50,160 Speaker 1: and about every eighty four years. We sort of have 63 00:02:50,240 --> 00:02:53,239 Speaker 1: this Fourth Turning generational theory. But we also have what's 64 00:02:53,280 --> 00:02:56,680 Speaker 1: called like a populist uprising or a regime change about 65 00:02:56,680 --> 00:02:59,200 Speaker 1: every eighty years eighty four years. So eighty years ago 66 00:02:59,400 --> 00:03:02,680 Speaker 1: was the Indworld Two. We saw you know, Hitler, Mussolini, 67 00:03:02,960 --> 00:03:04,040 Speaker 1: you know FDR's New Deal. 68 00:03:04,040 --> 00:03:04,720 Speaker 2: In the United States. 69 00:03:05,120 --> 00:03:07,959 Speaker 1: About eighty four years before that we had Karl Milk 70 00:03:08,040 --> 00:03:12,440 Speaker 1: Marx wrote the Communist Manifesto led to the largest revolution 71 00:03:12,520 --> 00:03:15,000 Speaker 1: that we saw in European history. About eighty four years 72 00:03:15,000 --> 00:03:18,120 Speaker 1: before that was the American and the French Revolution. Now, 73 00:03:18,520 --> 00:03:21,520 Speaker 1: if you know much about cycles or charts, the third 74 00:03:21,600 --> 00:03:24,440 Speaker 1: time is the big strong one. So three times eighty 75 00:03:24,440 --> 00:03:27,520 Speaker 1: four equals two hundred and fifty fifty two to be exact, 76 00:03:28,480 --> 00:03:30,400 Speaker 1: and that puts us two and fife year cycle, which 77 00:03:30,639 --> 00:03:33,840 Speaker 1: basically is like a pendulum swinging back and forth to 78 00:03:34,080 --> 00:03:38,720 Speaker 1: centralization and decentralization. So right now you could argue we 79 00:03:38,760 --> 00:03:41,240 Speaker 1: are at peak centralization. Two and fifty years ago, you 80 00:03:41,280 --> 00:03:44,400 Speaker 1: could argue we were at peak decentralization. We set up 81 00:03:44,440 --> 00:03:48,520 Speaker 1: a decentralized government the United States, a republic. Now two 82 00:03:48,560 --> 00:03:51,960 Speaker 1: and fife years before that brings us back to fifteen 83 00:03:52,080 --> 00:03:56,400 Speaker 1: hundred when we were at peak centralization. You're tracking with 84 00:03:56,440 --> 00:03:58,600 Speaker 1: me here, Now, what was going on in the fifteen 85 00:03:58,680 --> 00:04:01,640 Speaker 1: hundred is that led to peak central Well, it was 86 00:04:01,760 --> 00:04:04,120 Speaker 1: technology that really got us there, But we're not going 87 00:04:04,160 --> 00:04:06,480 Speaker 1: to go further back than that. But at that time, 88 00:04:06,880 --> 00:04:10,520 Speaker 1: the church and the state ruled everything right, So the 89 00:04:10,520 --> 00:04:14,160 Speaker 1: Catholic Church and the government were working together to enforce 90 00:04:14,200 --> 00:04:17,000 Speaker 1: their will. Now, just like any government organization, just like 91 00:04:17,040 --> 00:04:21,000 Speaker 1: any central planned government, they have to control the flow 92 00:04:21,040 --> 00:04:23,000 Speaker 1: of information. They have to control the narrative. They have 93 00:04:23,080 --> 00:04:25,280 Speaker 1: to tell you the story they want you to believe 94 00:04:25,520 --> 00:04:27,720 Speaker 1: so that they can maintain power. They can maintain that 95 00:04:28,120 --> 00:04:29,320 Speaker 1: power and control over you. 96 00:04:29,680 --> 00:04:30,839 Speaker 2: If you start to see a. 97 00:04:30,839 --> 00:04:34,400 Speaker 1: Different viewpoint, then they'll lose their power, which is why 98 00:04:34,400 --> 00:04:36,719 Speaker 1: you see like in China, for example, they've had the 99 00:04:36,839 --> 00:04:40,680 Speaker 1: Great Firewall where they haven't allowed Western Internet to get 100 00:04:40,720 --> 00:04:43,360 Speaker 1: into their country. So you know, they don't have Google 101 00:04:43,560 --> 00:04:46,760 Speaker 1: or Amazon or Facebook. They have their own versions of 102 00:04:46,760 --> 00:04:49,200 Speaker 1: those things that they can control because they don't want 103 00:04:49,240 --> 00:04:54,719 Speaker 1: their people in China to be influenced by Western ideology. Now, 104 00:04:54,760 --> 00:04:56,279 Speaker 1: I don't think that's a good thing. I think we 105 00:04:56,320 --> 00:04:58,280 Speaker 1: should all be free to have information and we can 106 00:04:58,279 --> 00:05:00,840 Speaker 1: make up our own minds. Unfortunately, what I'm seeing today 107 00:05:00,920 --> 00:05:03,200 Speaker 1: is in Europe and the United States they're going down 108 00:05:03,240 --> 00:05:06,239 Speaker 1: the same path. Europe is fast tracking having their own 109 00:05:07,160 --> 00:05:08,039 Speaker 1: Great Firewall up. 110 00:05:08,080 --> 00:05:10,080 Speaker 2: If you will. At the rate. 111 00:05:10,000 --> 00:05:12,640 Speaker 1: Europe is on right now, their internet could probably even 112 00:05:12,680 --> 00:05:16,039 Speaker 1: be dare I say, more restrictive than what China's is. 113 00:05:16,080 --> 00:05:18,160 Speaker 1: It's insane to think like that. I'm not going to 114 00:05:18,200 --> 00:05:20,960 Speaker 1: go down that rabbit hole. But basically, controlling the flow 115 00:05:20,960 --> 00:05:23,560 Speaker 1: of information more importantly, like I said, controlling the narrative 116 00:05:23,720 --> 00:05:26,120 Speaker 1: is always the key. Now, going back to this point, 117 00:05:26,360 --> 00:05:28,920 Speaker 1: the church and the state had that power, that control. 118 00:05:29,000 --> 00:05:29,320 Speaker 2: They had the. 119 00:05:29,360 --> 00:05:33,040 Speaker 1: Narrative and they told the people what to believe. When 120 00:05:33,080 --> 00:05:36,600 Speaker 1: it came to religion, the people didn't have access to 121 00:05:36,640 --> 00:05:38,760 Speaker 1: the Bible, they couldn't hear directly, so you could only 122 00:05:38,760 --> 00:05:40,280 Speaker 1: come to the church to believe what they told you. 123 00:05:40,360 --> 00:05:41,800 Speaker 2: And the only way to get to God was through 124 00:05:41,839 --> 00:05:42,200 Speaker 2: the church. 125 00:05:42,640 --> 00:05:46,520 Speaker 1: Very central. It was a central point. But technology changed that. 126 00:05:46,760 --> 00:05:49,440 Speaker 1: About seventy years previous, we had the invention of a 127 00:05:49,480 --> 00:05:51,680 Speaker 1: new technology and it had been around longer, but a 128 00:05:51,760 --> 00:05:54,359 Speaker 1: sort of fit mass production of the printing press, and 129 00:05:54,400 --> 00:05:56,680 Speaker 1: the printing press then allowed the first thing that was 130 00:05:56,720 --> 00:05:58,760 Speaker 1: printed were Bibles. If people started getting the Bibles, they 131 00:05:58,800 --> 00:06:00,919 Speaker 1: started reading the information and they said, wait a minute, 132 00:06:01,560 --> 00:06:04,560 Speaker 1: this isn't what we've been told our whole life, this 133 00:06:04,600 --> 00:06:07,080 Speaker 1: isn't true that we don't have to go through the 134 00:06:07,160 --> 00:06:09,040 Speaker 1: church to get to God. We can have our own 135 00:06:09,120 --> 00:06:12,000 Speaker 1: direct path. Now, anybody that read that, anybody that talked 136 00:06:12,000 --> 00:06:14,960 Speaker 1: about it, spread that information, was labeled a heretic. It 137 00:06:15,000 --> 00:06:17,479 Speaker 1: was called heresy, and they were put to death. I 138 00:06:17,480 --> 00:06:19,440 Speaker 1: don't know the stats. I'm guessing one hundreds of thousands, 139 00:06:19,440 --> 00:06:22,479 Speaker 1: potentially maybe millions of people were probably killed over this. 140 00:06:22,960 --> 00:06:23,839 Speaker 2: But it didn't matter. 141 00:06:24,640 --> 00:06:27,719 Speaker 1: Once that information got out, then it spread. 142 00:06:27,839 --> 00:06:29,440 Speaker 2: It spread like a virus. The information got. 143 00:06:29,360 --> 00:06:32,680 Speaker 1: Out because humans want truth, we want information, and so 144 00:06:32,760 --> 00:06:34,279 Speaker 1: it spread and no matter what they could do, they 145 00:06:34,320 --> 00:06:37,280 Speaker 1: couldn't stop it. And eventually the monopoly that the church 146 00:06:37,279 --> 00:06:42,160 Speaker 1: and state held over knowledge came part. All right, now, 147 00:06:42,200 --> 00:06:44,080 Speaker 1: what does that story have anything to do with today? 148 00:06:44,400 --> 00:06:45,760 Speaker 2: Well, there's a. 149 00:06:45,680 --> 00:06:47,760 Speaker 1: Lot of parallels today, but specifically I want to talk 150 00:06:47,800 --> 00:06:50,680 Speaker 1: about it in regards to the financial system. I like 151 00:06:50,720 --> 00:06:53,080 Speaker 1: to say on my main YouTube, Pianel Mark Moss, if 152 00:06:53,080 --> 00:06:54,920 Speaker 1: you're not checking out Mark Moss, you should check me 153 00:06:54,960 --> 00:06:56,840 Speaker 1: out over there. I use a lot of charts and 154 00:06:56,880 --> 00:06:58,560 Speaker 1: graphs and things like I can't do on the radio 155 00:06:58,560 --> 00:06:59,040 Speaker 1: and podcast. 156 00:06:59,120 --> 00:06:59,960 Speaker 2: It's a lot more visual. 157 00:07:01,000 --> 00:07:02,760 Speaker 1: But I start out my show by saying trying to 158 00:07:02,880 --> 00:07:05,200 Speaker 1: change the way you think about money because almost everything 159 00:07:05,200 --> 00:07:08,600 Speaker 1: you've learned is wrong. Because what we've learned is wrong. 160 00:07:09,080 --> 00:07:13,840 Speaker 1: The central power that controls the world today has intentionally 161 00:07:13,920 --> 00:07:16,760 Speaker 1: withheld information from us in regards to finance and money 162 00:07:17,680 --> 00:07:20,600 Speaker 1: as well as they've misled us. Now, about one hundred 163 00:07:20,720 --> 00:07:23,080 Speaker 1: years ago, Henry Ford, the father of the automobile and 164 00:07:23,120 --> 00:07:26,360 Speaker 1: mass production, said that if the American people knew how 165 00:07:26,360 --> 00:07:30,520 Speaker 1: the banking system worked, there'd be a revolution before the morning. 166 00:07:31,280 --> 00:07:32,920 Speaker 1: I've used that quote before, you've probably heard it, but 167 00:07:32,960 --> 00:07:33,760 Speaker 1: let's just break that down. 168 00:07:33,800 --> 00:07:34,400 Speaker 2: What does that mean. 169 00:07:34,600 --> 00:07:36,440 Speaker 1: So if they knew how the banking system worked, really, 170 00:07:36,520 --> 00:07:39,240 Speaker 1: how the money system worked, is what he's saying. And 171 00:07:39,280 --> 00:07:43,560 Speaker 1: more importantly, the banks creating money, issuing money, controlling the 172 00:07:43,600 --> 00:07:44,440 Speaker 1: price of money. 173 00:07:44,520 --> 00:07:46,280 Speaker 2: That's what he's talking about. And then he goes on to. 174 00:07:46,280 --> 00:07:49,120 Speaker 1: Say that there would be a revolution before the morning. 175 00:07:49,600 --> 00:07:52,000 Speaker 1: There wouldn't be a revolution next week, wouldn't be a 176 00:07:52,040 --> 00:07:55,040 Speaker 1: revolution coming, not next year, not next week, not vote 177 00:07:55,080 --> 00:07:58,280 Speaker 1: them out in four years from now. No before the morning. 178 00:07:58,320 --> 00:07:59,880 Speaker 1: They wouldn't even go to bed, they'd go do it 179 00:08:00,120 --> 00:08:02,880 Speaker 1: right now. That's how upset people would be. I remember 180 00:08:03,000 --> 00:08:05,000 Speaker 1: years ago when my daughter was much younger. How old 181 00:08:05,080 --> 00:08:07,120 Speaker 1: was she maybe eight or nine years old, and we 182 00:08:07,160 --> 00:08:09,120 Speaker 1: were driving down the freeway and I was kind of 183 00:08:09,120 --> 00:08:12,520 Speaker 1: explaining to her how the banking system worked and how 184 00:08:12,720 --> 00:08:15,400 Speaker 1: you know, basically the Fed Federal Reserve of just print money, 185 00:08:15,440 --> 00:08:18,000 Speaker 1: which then devalue steals the value from our money that 186 00:08:18,040 --> 00:08:19,840 Speaker 1: we still have in our bank account. And I kind 187 00:08:19,840 --> 00:08:21,040 Speaker 1: of broke this down to her in a very simple 188 00:08:21,080 --> 00:08:22,520 Speaker 1: way that she could understand, and she kind of looked 189 00:08:22,520 --> 00:08:25,800 Speaker 1: at me puzzled, and she said, why do. 190 00:08:25,840 --> 00:08:28,320 Speaker 2: People put up with this? Why do they allow it? 191 00:08:28,360 --> 00:08:29,880 Speaker 1: And that was the mind of like an eight nine 192 00:08:29,920 --> 00:08:31,840 Speaker 1: year old however Shield was at that time, but it's 193 00:08:31,880 --> 00:08:35,920 Speaker 1: exactly what Henry Ford was saying. Now, how are they 194 00:08:35,960 --> 00:08:38,079 Speaker 1: able to do this? And how does this relate back 195 00:08:38,120 --> 00:08:41,960 Speaker 1: to the story. Well, today's finance is very similar. Like 196 00:08:42,000 --> 00:08:45,160 Speaker 1: I said, they don't teach us these things, they don't 197 00:08:45,160 --> 00:08:48,320 Speaker 1: allow us access to this information. So I want to 198 00:08:48,320 --> 00:08:52,360 Speaker 1: break down what financial literacy looks like country by country. 199 00:08:52,679 --> 00:08:54,440 Speaker 1: I want to look at some of the stats that 200 00:08:54,480 --> 00:08:57,680 Speaker 1: we can see inside the United States, and it. 201 00:08:57,600 --> 00:09:00,679 Speaker 2: Is very very scary, talk about. 202 00:09:00,400 --> 00:09:03,600 Speaker 1: Ways that we can sort of counteract this ways that 203 00:09:03,720 --> 00:09:06,520 Speaker 1: it's being counteracted. Now, just like the technology of the 204 00:09:06,559 --> 00:09:10,320 Speaker 1: printing press broke that monopoly, and how technology today is 205 00:09:10,360 --> 00:09:13,000 Speaker 1: breaking that monopoly, how you and I have a chance 206 00:09:13,040 --> 00:09:15,640 Speaker 1: to front run that both on our education side and 207 00:09:15,679 --> 00:09:18,800 Speaker 1: our money side, and a whole lot more. So I'm 208 00:09:18,800 --> 00:09:20,319 Speaker 1: gonna take a very quick break. You don't want to 209 00:09:20,320 --> 00:09:21,240 Speaker 1: miss it. Don't go away. 210 00:09:21,559 --> 00:09:25,160 Speaker 2: I'll be right back. All right, welcome back. 211 00:09:25,160 --> 00:09:26,640 Speaker 1: If you just tune in, you're listening to the Mark 212 00:09:26,720 --> 00:09:29,800 Speaker 1: Mass Show. We're talking about how history from five hundred 213 00:09:29,880 --> 00:09:32,920 Speaker 1: years ago is rhyming today and how the church and 214 00:09:32,960 --> 00:09:35,400 Speaker 1: the state tried to control just like any central power 215 00:09:35,520 --> 00:09:38,480 Speaker 1: central government does, had to control the flow of information, 216 00:09:38,559 --> 00:09:42,160 Speaker 1: had to control the narrative in order to control or 217 00:09:42,240 --> 00:09:45,600 Speaker 1: keep their place of power and control. And it was 218 00:09:45,600 --> 00:09:49,240 Speaker 1: technology that broke the gap. Now, like I said, today, 219 00:09:49,320 --> 00:09:52,160 Speaker 1: we're seeing the same thing. Back then, it was the 220 00:09:52,240 --> 00:09:56,560 Speaker 1: church and state that wanted its members to remain actually illiterate. 221 00:09:56,600 --> 00:09:58,400 Speaker 1: They didn't want them to learn how to read, and 222 00:09:58,480 --> 00:10:00,720 Speaker 1: they wanted them to stay a literally so the state 223 00:10:00,880 --> 00:10:04,800 Speaker 1: could protect its monopoly on information. Right, they had to 224 00:10:04,840 --> 00:10:09,000 Speaker 1: protect their monopoly on knowledge via the scriptorium. So the 225 00:10:09,040 --> 00:10:11,680 Speaker 1: scriptorium was how they would transfer that knowledge from generation 226 00:10:11,760 --> 00:10:14,360 Speaker 1: to generation. But again it was technology, the printing press 227 00:10:14,400 --> 00:10:18,920 Speaker 1: that broke that and the church's monopoly and it was broken. 228 00:10:19,000 --> 00:10:22,160 Speaker 1: And today we're seeing the same thing where the central 229 00:10:22,280 --> 00:10:26,880 Speaker 1: planners the government want its people, its members to remain 230 00:10:27,400 --> 00:10:30,800 Speaker 1: illiterate as well. They want to protect their monopoly on 231 00:10:31,120 --> 00:10:34,240 Speaker 1: money printing and on financial policy, so it doesn't happen. 232 00:10:34,880 --> 00:10:37,319 Speaker 1: If they're able to break that, then we could break 233 00:10:37,360 --> 00:10:41,560 Speaker 1: the multi century monopoly on money. All right, So let's 234 00:10:41,600 --> 00:10:43,480 Speaker 1: just break down some of this a little bit here 235 00:10:43,520 --> 00:10:46,719 Speaker 1: for you. So what are we talking about here exactly? Well, 236 00:10:46,720 --> 00:10:48,599 Speaker 1: as I said, it's always technology to change things. But 237 00:10:48,679 --> 00:10:51,600 Speaker 1: let's just start with what are we seeing in terms 238 00:10:51,640 --> 00:10:55,520 Speaker 1: of education around finance. So what we might call financial 239 00:10:55,559 --> 00:10:59,440 Speaker 1: literacy is the knowledge and understanding of key financial skills. 240 00:10:59,600 --> 00:11:01,600 Speaker 1: So some of these skills that you should probably have 241 00:11:01,760 --> 00:11:06,800 Speaker 1: is like budgeting and saving, investing, retirement planning, things like that, 242 00:11:07,040 --> 00:11:08,920 Speaker 1: the ability to put them to use, you know, in 243 00:11:08,960 --> 00:11:12,240 Speaker 1: your life, in your fares and things like that. But 244 00:11:12,960 --> 00:11:16,280 Speaker 1: let's break that down a little bit. So budgeting great. Sure, 245 00:11:16,320 --> 00:11:18,839 Speaker 1: we should live on less than we we should, we 246 00:11:19,160 --> 00:11:22,560 Speaker 1: should consume less than we produce, we should live on 247 00:11:22,760 --> 00:11:25,800 Speaker 1: less than we created or produced. Right, So if I 248 00:11:25,800 --> 00:11:27,560 Speaker 1: make a thousand dollars, I should live on less than 249 00:11:27,600 --> 00:11:29,000 Speaker 1: a thousand dollars so I can save. 250 00:11:29,520 --> 00:11:32,120 Speaker 2: Okay, Look, that's budgeting. One on one. That's saving. I 251 00:11:32,160 --> 00:11:32,520 Speaker 2: get it. 252 00:11:32,640 --> 00:11:35,520 Speaker 1: Like I told you that you understand the importance of it. Cool, 253 00:11:37,000 --> 00:11:41,280 Speaker 1: we should understand investing. Okay, So I need a way 254 00:11:41,320 --> 00:11:44,000 Speaker 1: to put that difference, that that money that I've saved, 255 00:11:44,040 --> 00:11:46,560 Speaker 1: and I need a way for me to put it 256 00:11:46,679 --> 00:11:49,520 Speaker 1: somewhere so it grows, so it's more in the future. 257 00:11:49,600 --> 00:11:52,400 Speaker 1: Retirement planning, So investing retirement planning is sort of the 258 00:11:52,400 --> 00:11:56,720 Speaker 1: same thing. First of all, let me let me break 259 00:11:56,760 --> 00:12:00,640 Speaker 1: this down into another comparison. So there's no shortage of 260 00:12:00,679 --> 00:12:04,200 Speaker 1: diet plans out there right just here we are. We 261 00:12:04,320 --> 00:12:06,360 Speaker 1: just entered the second month. 262 00:12:06,120 --> 00:12:06,600 Speaker 2: Of the year. 263 00:12:06,800 --> 00:12:08,560 Speaker 1: At the first of the year, everybody starts certain New 264 00:12:08,640 --> 00:12:11,200 Speaker 1: Year's resolutions. Everybody wants to get in shape. And probably 265 00:12:11,200 --> 00:12:12,920 Speaker 1: a lot of people listening to this, and certainly a 266 00:12:12,960 --> 00:12:15,199 Speaker 1: lot of people around the world think about getting in shape. 267 00:12:15,240 --> 00:12:17,440 Speaker 1: And so what diet should I start? Should I do 268 00:12:17,480 --> 00:12:21,040 Speaker 1: a katogenic diet? Should I do the Atkins diet? Should 269 00:12:21,040 --> 00:12:23,120 Speaker 1: I just count my calories and try and eat less 270 00:12:23,840 --> 00:12:25,679 Speaker 1: or whatever. Right, And there's like I said, there's no 271 00:12:25,679 --> 00:12:27,520 Speaker 1: shortage of diets. There's always a new diet fad that 272 00:12:27,559 --> 00:12:30,719 Speaker 1: comes out. You have weight Watchers and Jenny Craig and 273 00:12:30,760 --> 00:12:34,320 Speaker 1: all these different things that can help you with a diet. Right, 274 00:12:34,920 --> 00:12:37,160 Speaker 1: sort of like all these different things you can do 275 00:12:37,280 --> 00:12:40,360 Speaker 1: for investing and budgeting and saving and retirement planning. 276 00:12:41,320 --> 00:12:42,040 Speaker 2: But here's the thing. 277 00:12:43,040 --> 00:12:46,520 Speaker 1: If all you did was eat real food, real food, 278 00:12:46,520 --> 00:12:49,800 Speaker 1: being food that was either was living or is living, 279 00:12:49,880 --> 00:12:53,520 Speaker 1: so animals and plants, right, If all you did was 280 00:12:53,520 --> 00:12:55,760 Speaker 1: eat real food stuff that was living or is living, 281 00:12:56,080 --> 00:13:01,040 Speaker 1: stuff that's not processed, you can't overeat. So if all 282 00:13:01,040 --> 00:13:07,040 Speaker 1: you ate was organic, chemical free, hormone free, let's say, 283 00:13:07,040 --> 00:13:11,840 Speaker 1: steak cows and chickens, and then you ate some vegetables, 284 00:13:11,880 --> 00:13:14,960 Speaker 1: you ate broccoli and green beans, you wouldn't over eat. 285 00:13:16,440 --> 00:13:18,800 Speaker 1: If you stayed away from processed foods, if you stayed 286 00:13:18,840 --> 00:13:20,840 Speaker 1: away from the sugary foods, you stayed away from high 287 00:13:20,840 --> 00:13:22,520 Speaker 1: carb foods, if you stayed away from stuff that comes 288 00:13:22,559 --> 00:13:23,959 Speaker 1: in a box, if you stayed away from stuff that 289 00:13:24,040 --> 00:13:25,920 Speaker 1: has a label on it. I remember a long time 290 00:13:25,960 --> 00:13:28,160 Speaker 1: we listened to an interview and they were talking with 291 00:13:28,200 --> 00:13:32,120 Speaker 1: a dietician, and they said, when I'm looking at a label, 292 00:13:32,480 --> 00:13:34,520 Speaker 1: what am I looking at? Like? What should I be 293 00:13:34,600 --> 00:13:37,200 Speaker 1: avoiding and looking for? And they said, if it has 294 00:13:37,240 --> 00:13:39,959 Speaker 1: a label, don't eat it. So if you think about it, 295 00:13:40,040 --> 00:13:41,920 Speaker 1: like steak and chicken doesn't have a label on it, 296 00:13:41,920 --> 00:13:43,959 Speaker 1: it's just steak or chicken, right, Broccoli doesn't have a 297 00:13:44,040 --> 00:13:48,440 Speaker 1: label on It's just broccoli, all right. So if you're 298 00:13:48,440 --> 00:13:50,400 Speaker 1: stuck with that, you wouldn't have to you wouldn't You 299 00:13:50,400 --> 00:13:52,880 Speaker 1: would over eat, and then you wouldn't need all the diets. 300 00:13:52,880 --> 00:13:55,480 Speaker 1: So what am I saying here? All of these diets, 301 00:13:55,520 --> 00:13:57,400 Speaker 1: all these new fads and diets that pop all the time, 302 00:13:57,520 --> 00:14:01,760 Speaker 1: are designed to help you man edge the fiat food 303 00:14:01,760 --> 00:14:05,120 Speaker 1: system we have. It's all designed to help you manage 304 00:14:05,120 --> 00:14:07,960 Speaker 1: eating fake food. If you ate real food, you wouldn't 305 00:14:08,000 --> 00:14:11,240 Speaker 1: need that. Okay, Now what am I talking about here? 306 00:14:11,360 --> 00:14:15,760 Speaker 1: How does this relate to money? Well, as you're probably 307 00:14:15,920 --> 00:14:19,440 Speaker 1: aware by now, the government's roll the Federal Reserve and 308 00:14:19,480 --> 00:14:21,960 Speaker 1: central banks around the world. Their goal or stated goal, 309 00:14:22,000 --> 00:14:23,240 Speaker 1: they tell you all the time. Right now, they're trying 310 00:14:23,240 --> 00:14:25,880 Speaker 1: to get inflation back down to what two percent? So 311 00:14:25,920 --> 00:14:29,440 Speaker 1: their goal is to steal through inflation two percent of 312 00:14:29,480 --> 00:14:33,880 Speaker 1: your wealth per year, ten percent every five years. 313 00:14:34,160 --> 00:14:34,720 Speaker 2: That's their goal. 314 00:14:34,760 --> 00:14:36,720 Speaker 1: Now it's been running way too hot, and that's of course, 315 00:14:36,760 --> 00:14:38,920 Speaker 1: that's their fake goal. They said it was at nine 316 00:14:39,000 --> 00:14:41,400 Speaker 1: percent at one point. It was probably closer to twenty five. 317 00:14:42,440 --> 00:14:45,120 Speaker 1: It's now supposedly down to in the threes, but it's 318 00:14:45,120 --> 00:14:48,480 Speaker 1: probably closer to ten, right, But that's their goal two percent. 319 00:14:48,880 --> 00:14:51,880 Speaker 1: So think about this. You're not able to just go 320 00:14:51,920 --> 00:14:54,440 Speaker 1: be the best heart surgeon or brain surgeon, or rocket 321 00:14:54,440 --> 00:14:57,240 Speaker 1: scientist or contractor coach, whatever you are. You're not able 322 00:14:57,280 --> 00:15:00,560 Speaker 1: to do that and then go save your money because 323 00:15:00,760 --> 00:15:04,080 Speaker 1: they're causing inflation through printing money. They're stealing the value 324 00:15:04,080 --> 00:15:07,760 Speaker 1: of your wealth because of that, Because your money is 325 00:15:07,760 --> 00:15:10,240 Speaker 1: buying you less goods and services in the future instead 326 00:15:10,280 --> 00:15:14,880 Speaker 1: of more, you're now forced to become an investor. Just 327 00:15:14,960 --> 00:15:19,200 Speaker 1: like if you eat fake processed food, you're forced to 328 00:15:19,480 --> 00:15:22,560 Speaker 1: now come up with start counting calories and do some 329 00:15:22,640 --> 00:15:27,000 Speaker 1: diet fads. If you're in an inflationary monetary system, you're 330 00:15:27,160 --> 00:15:30,800 Speaker 1: forced to go be an investor. If I had a 331 00:15:31,040 --> 00:15:33,400 Speaker 1: sound money system, if I had a way to store 332 00:15:33,440 --> 00:15:35,960 Speaker 1: my wealth in a way that couldn't be debased, that 333 00:15:36,040 --> 00:15:38,400 Speaker 1: the value couldn't be stolen from me in a way 334 00:15:38,440 --> 00:15:40,600 Speaker 1: that my money bought me more goods and service in 335 00:15:40,600 --> 00:15:43,560 Speaker 1: the future instead of less. I wouldn't have to learn 336 00:15:43,920 --> 00:15:48,200 Speaker 1: about investing and retirement planning. Now what does that mean. Well, 337 00:15:48,240 --> 00:15:51,080 Speaker 1: that means that now instead of being a half whatever 338 00:15:51,200 --> 00:15:54,880 Speaker 1: rocket scientist and a half or a half a radio 339 00:15:54,880 --> 00:15:58,520 Speaker 1: host at this point, and then half investor, because if 340 00:15:58,520 --> 00:16:00,000 Speaker 1: I'm focused on both, I'm not going to be very 341 00:16:00,120 --> 00:16:02,880 Speaker 1: good at either, right, So instead of having to focus 342 00:16:02,960 --> 00:16:05,640 Speaker 1: on both, I could just be the best whatever professional 343 00:16:05,720 --> 00:16:07,960 Speaker 1: I am, and I could really start to work on 344 00:16:07,960 --> 00:16:10,240 Speaker 1: that and excel at my craft, which is a net 345 00:16:10,240 --> 00:16:12,960 Speaker 1: gain for the economy and for the world overall, because 346 00:16:12,960 --> 00:16:16,680 Speaker 1: I wouldn't have to worry about investing. Now, some of 347 00:16:16,680 --> 00:16:18,400 Speaker 1: you might be going, well, that's why I don't worry 348 00:16:18,400 --> 00:16:20,160 Speaker 1: about investing. I just give my money to somebody else 349 00:16:20,160 --> 00:16:20,840 Speaker 1: to invest for me. 350 00:16:21,200 --> 00:16:22,240 Speaker 2: Sure, So then. 351 00:16:22,120 --> 00:16:25,840 Speaker 1: We've built this entire Wall Street complex to help you 352 00:16:26,080 --> 00:16:29,160 Speaker 1: invest your money, sort of like we built this entire 353 00:16:29,400 --> 00:16:32,400 Speaker 1: diet food and diet complex. 354 00:16:32,000 --> 00:16:34,080 Speaker 2: To help you eat fake processed food. 355 00:16:34,760 --> 00:16:36,840 Speaker 1: But we wouldn't need that if we ate real food, 356 00:16:36,880 --> 00:16:40,320 Speaker 1: and we wouldn't need the investment community or economy, if 357 00:16:40,360 --> 00:16:43,160 Speaker 1: we just had sound money, all right, So that's the 358 00:16:43,160 --> 00:16:46,640 Speaker 1: first thing, if we understood how the banking system works. 359 00:16:46,640 --> 00:16:49,600 Speaker 1: So what we're being told is that, sure, in high school, 360 00:16:49,600 --> 00:16:51,280 Speaker 1: we're going to teach you financial literacy, we're going to 361 00:16:51,400 --> 00:16:54,760 Speaker 1: teach you about budgeting, saving, investing in retirement planning. But 362 00:16:54,760 --> 00:16:57,480 Speaker 1: of course they don't all right now, what we can 363 00:16:57,520 --> 00:16:59,520 Speaker 1: see just based off of that, so that was a 364 00:16:59,520 --> 00:17:01,400 Speaker 1: little bit of a tangent to sort of break that down. 365 00:17:01,600 --> 00:17:04,680 Speaker 1: When we look at what they teach for financial literacy 366 00:17:04,720 --> 00:17:08,639 Speaker 1: around the world, we can see that Denmark, Norway, and Sweden, 367 00:17:09,160 --> 00:17:12,119 Speaker 1: supposedly per the Information, are the best of the best 368 00:17:12,119 --> 00:17:15,920 Speaker 1: of the best. The United States, unfortunately, I think, is 369 00:17:16,000 --> 00:17:20,040 Speaker 1: ranked twenty four out of thirty six, which is pretty interesting. 370 00:17:21,200 --> 00:17:25,919 Speaker 2: Now, why is that and does that really tell us 371 00:17:25,960 --> 00:17:26,600 Speaker 2: what we want to see? 372 00:17:26,600 --> 00:17:28,879 Speaker 1: As a matter of fact, in the United States, there 373 00:17:28,920 --> 00:17:33,520 Speaker 1: are people who are actually against giving financial education out 374 00:17:33,760 --> 00:17:37,280 Speaker 1: they think that it actually could do more harm than good. 375 00:17:37,560 --> 00:17:40,000 Speaker 1: I want to tell you what they're talking about. We're 376 00:17:40,000 --> 00:17:41,480 Speaker 1: going to break that down a minute, and then I 377 00:17:41,520 --> 00:17:46,080 Speaker 1: want to break to some mind breaking, mind blowing stats 378 00:17:46,480 --> 00:17:49,360 Speaker 1: of what the education system is happening, and then we'll 379 00:17:49,400 --> 00:17:52,000 Speaker 1: talk about how technology changes this and fixes this. If 380 00:17:52,000 --> 00:17:53,720 Speaker 1: you're just tuning in listening to the Mark Maas Show 381 00:17:54,359 --> 00:17:57,440 Speaker 1: talking about how history's rhyming and we're seeing it play 382 00:17:57,480 --> 00:17:59,080 Speaker 1: out right now, I gotta take a very quick break. 383 00:17:59,080 --> 00:18:01,119 Speaker 1: We're going to be right back. Go way, I'll be 384 00:18:01,240 --> 00:18:02,240 Speaker 1: right back, all. 385 00:18:02,240 --> 00:18:02,760 Speaker 2: Right, Welcome back. 386 00:18:02,760 --> 00:18:04,680 Speaker 1: If you just tune in, you're listening to the Markmas Show, 387 00:18:04,680 --> 00:18:07,840 Speaker 1: we're talking about how history is rhyming. We're always seeing 388 00:18:07,840 --> 00:18:10,040 Speaker 1: at rhyming. I talk about cycles a lot, and we're 389 00:18:10,040 --> 00:18:12,760 Speaker 1: talking about how five hundred years ago, with the separation 390 00:18:12,800 --> 00:18:15,080 Speaker 1: of the church and state, when the printing press brought 391 00:18:15,160 --> 00:18:19,800 Speaker 1: bibles out, how that is rhyming today. And we're talking 392 00:18:19,800 --> 00:18:23,080 Speaker 1: about it from a financial lens all right now. Before 393 00:18:23,119 --> 00:18:27,520 Speaker 1: the break, I was making the case that financial literacy 394 00:18:27,560 --> 00:18:29,080 Speaker 1: and the way that we look at it through education 395 00:18:29,240 --> 00:18:32,040 Speaker 1: is false in the first place, just as false it 396 00:18:32,119 --> 00:18:34,679 Speaker 1: as do have a diet training. If you just ate 397 00:18:34,760 --> 00:18:36,600 Speaker 1: real food, you wouldn't have to worry about it, And 398 00:18:36,760 --> 00:18:39,760 Speaker 1: same with our financial education of learning how to invest 399 00:18:40,000 --> 00:18:41,800 Speaker 1: is like I wouldn't need to do that if my 400 00:18:41,840 --> 00:18:45,080 Speaker 1: money just held its value. But let's table that for 401 00:18:45,160 --> 00:18:47,000 Speaker 1: a minute, and let's go back to how well are 402 00:18:47,000 --> 00:18:50,760 Speaker 1: we even doing in financial education. I remember a couple 403 00:18:50,800 --> 00:18:53,480 Speaker 1: of years ago, I was working with my church and 404 00:18:53,640 --> 00:18:55,480 Speaker 1: I was helping in the high school ministry, and I 405 00:18:55,480 --> 00:18:57,680 Speaker 1: remember we went on a trip, a road trip up north, 406 00:18:58,680 --> 00:19:00,480 Speaker 1: and I was driving a van with a bunch of kids, 407 00:19:00,480 --> 00:19:02,959 Speaker 1: and I had another adult with me in the van, 408 00:19:03,359 --> 00:19:06,639 Speaker 1: and she was a school teacher. And you know, of 409 00:19:06,640 --> 00:19:08,040 Speaker 1: course I'm going to engage and we're going to talk 410 00:19:08,040 --> 00:19:09,919 Speaker 1: about school, We're going to talk about education and all 411 00:19:09,920 --> 00:19:11,640 Speaker 1: these things. Of course I'm going to have that conversation. 412 00:19:11,960 --> 00:19:15,199 Speaker 1: And we're talking, talking, talking, and she made a statement 413 00:19:15,960 --> 00:19:17,840 Speaker 1: which a lot of people do. We just make these 414 00:19:17,840 --> 00:19:20,040 Speaker 1: statements because it's things that we've hurt our whole lives, 415 00:19:20,280 --> 00:19:22,080 Speaker 1: but we've never really taken the time to stop and 416 00:19:22,080 --> 00:19:25,119 Speaker 1: think about what we're even saying. And she said, but 417 00:19:25,200 --> 00:19:27,320 Speaker 1: everybody needs an education, don't we. I think at the 418 00:19:27,320 --> 00:19:29,919 Speaker 1: time we were talking about college specifically. I'm not a 419 00:19:29,920 --> 00:19:34,080 Speaker 1: fan of college education. And she just made the statement, 420 00:19:34,119 --> 00:19:39,040 Speaker 1: but Mark, everybody needs education. And I said, I agree, 421 00:19:39,320 --> 00:19:42,640 Speaker 1: everybody needs education. I said to the teacher. 422 00:19:42,680 --> 00:19:47,400 Speaker 2: What do they need to be educated in? She couldn't answer. 423 00:19:47,440 --> 00:19:47,800 Speaker 2: The question. 424 00:19:48,680 --> 00:19:52,080 Speaker 1: She had never taken the time to even think through 425 00:19:52,680 --> 00:19:57,160 Speaker 1: what does a good adult, a well functioning, successful adult 426 00:19:58,000 --> 00:19:59,840 Speaker 1: look like? And what are the things we would teach 427 00:19:59,880 --> 00:20:02,639 Speaker 1: them in order for them to become that person. She 428 00:20:02,680 --> 00:20:04,639 Speaker 1: had never even thought about that. She couldn't answer the 429 00:20:04,760 --> 00:20:07,840 Speaker 1: question without blinking. I said, well, I can tell you 430 00:20:07,960 --> 00:20:09,920 Speaker 1: what I think they should learn. See, I'm a big 431 00:20:09,920 --> 00:20:11,879 Speaker 1: proponent of education. I'm not a big proponent of what 432 00:20:11,920 --> 00:20:12,879 Speaker 1: the school system. 433 00:20:12,600 --> 00:20:13,520 Speaker 2: Teaches you as education. 434 00:20:13,560 --> 00:20:15,399 Speaker 1: So I said, sure, here's what they should learn. They 435 00:20:15,440 --> 00:20:19,119 Speaker 1: should learn that we get paid for the value we provide. 436 00:20:19,160 --> 00:20:21,560 Speaker 1: We should learn how to create value by offering goods 437 00:20:21,560 --> 00:20:22,280 Speaker 1: and services to the market. 438 00:20:22,280 --> 00:20:22,480 Speaker 2: Once. 439 00:20:22,520 --> 00:20:25,679 Speaker 1: We should learn that free markets work by everybody win 440 00:20:25,760 --> 00:20:29,760 Speaker 1: win relationships. We should learn communication skills. We should learn 441 00:20:29,800 --> 00:20:31,760 Speaker 1: how to get along better. We should learn how to 442 00:20:32,840 --> 00:20:35,199 Speaker 1: win friends and influence people. The book that change My 443 00:20:35,280 --> 00:20:37,119 Speaker 1: life shout out. You should read that book how to 444 00:20:37,160 --> 00:20:39,159 Speaker 1: win friends and influence people. We should learn how to 445 00:20:40,240 --> 00:20:42,000 Speaker 1: win friends and influence people. We should learn how to 446 00:20:42,040 --> 00:20:45,520 Speaker 1: influence people through our communication skills. We should learn sales 447 00:20:45,560 --> 00:20:46,640 Speaker 1: and marketing skills. 448 00:20:46,800 --> 00:20:46,960 Speaker 2: Right. 449 00:20:46,960 --> 00:20:49,760 Speaker 1: We should learn time management skills. We should learn how 450 00:20:49,800 --> 00:20:53,640 Speaker 1: to manage your time cut out distractions. We should learn obviously, 451 00:20:53,720 --> 00:20:56,879 Speaker 1: all types about health, not how to manage a fake diet, 452 00:20:57,080 --> 00:20:59,359 Speaker 1: a process food diet. We should learn about real health 453 00:21:00,160 --> 00:21:03,160 Speaker 1: just you know what food we should eat, but gut 454 00:21:03,200 --> 00:21:05,520 Speaker 1: health and how the body works, and how you know 455 00:21:05,560 --> 00:21:07,880 Speaker 1: physical fitness and all those types of things. Anyway, I'm 456 00:21:07,880 --> 00:21:09,280 Speaker 1: not gonna go on, but I could list a whole 457 00:21:09,320 --> 00:21:11,720 Speaker 1: bunch of things that we should learn. But let's go 458 00:21:11,800 --> 00:21:14,280 Speaker 1: back to this. So schools should be teaching this, but 459 00:21:14,400 --> 00:21:15,720 Speaker 1: are they. So let's take a look some of these 460 00:21:15,760 --> 00:21:17,720 Speaker 1: stats that blew my mind when I looked at this. 461 00:21:18,560 --> 00:21:21,120 Speaker 1: Now I'm going to single out, as I already said, 462 00:21:21,160 --> 00:21:25,760 Speaker 1: the United States is way down in the bottom I think, 463 00:21:25,800 --> 00:21:28,679 Speaker 1: bottom third or bottom twenty five percent of the world 464 00:21:28,800 --> 00:21:31,639 Speaker 1: on financial literacy. But let's look at a couple instances 465 00:21:31,680 --> 00:21:33,240 Speaker 1: in the United States for example. 466 00:21:33,840 --> 00:21:36,000 Speaker 2: Now, well, go. 467 00:21:35,960 --> 00:21:37,919 Speaker 1: Back to the argument. So I didn't I can finish that. 468 00:21:38,000 --> 00:21:40,680 Speaker 1: So there's some people in the education system in the 469 00:21:40,760 --> 00:21:44,080 Speaker 1: US that thinks that we should not be teaching financial 470 00:21:44,200 --> 00:21:47,520 Speaker 1: education materials. And the reason why they say that is 471 00:21:47,520 --> 00:21:52,040 Speaker 1: because they believe that it would make students overconfident in 472 00:21:52,040 --> 00:21:55,560 Speaker 1: their financial decisions and that would result in consumers making 473 00:21:55,640 --> 00:21:56,760 Speaker 1: foolish mistakes. 474 00:21:57,320 --> 00:21:58,520 Speaker 2: Think about that, that is real. 475 00:21:59,080 --> 00:22:02,160 Speaker 1: Think about how in saying that argument is nope, nope, nope, nope, nope, 476 00:22:02,240 --> 00:22:04,159 Speaker 1: don't We don't want to teach them anything because then 477 00:22:04,160 --> 00:22:07,200 Speaker 1: they could be too over confident and they could make mistakes. 478 00:22:08,280 --> 00:22:09,320 Speaker 2: Think about that for a second. 479 00:22:09,320 --> 00:22:12,920 Speaker 1: I mean, like, so we shouldn't teach high school students 480 00:22:13,000 --> 00:22:16,040 Speaker 1: anything about health because if we teach them about health, 481 00:22:16,040 --> 00:22:18,720 Speaker 1: they're gonna be over confident and they're not gonna care 482 00:22:18,760 --> 00:22:19,440 Speaker 1: about their health. 483 00:22:20,640 --> 00:22:22,480 Speaker 2: Like what I mean. 484 00:22:22,520 --> 00:22:25,000 Speaker 1: We shouldn't teach people how to swim because if we 485 00:22:25,040 --> 00:22:26,760 Speaker 1: teach people how to swim, they can be over confident 486 00:22:26,800 --> 00:22:29,760 Speaker 1: and get in the water and drowned. So we should 487 00:22:29,760 --> 00:22:32,200 Speaker 1: not teach them how to swim. I mean, it's just insane. 488 00:22:32,200 --> 00:22:34,480 Speaker 1: This is the mental gymnastics that these teachers have. But 489 00:22:34,520 --> 00:22:37,080 Speaker 1: let's let's take into some facts here in the city 490 00:22:37,080 --> 00:22:39,800 Speaker 1: of Baltimore in Maryland. Really it's the state and I'm 491 00:22:39,800 --> 00:22:42,320 Speaker 1: going to single out Baltimore. It's it's the big city there, 492 00:22:43,160 --> 00:22:48,760 Speaker 1: and it's horrible. Twenty three Baltimore schools have zero students 493 00:22:49,080 --> 00:22:52,760 Speaker 1: that are proficient in math. That's per the state test results. 494 00:22:53,000 --> 00:22:57,080 Speaker 1: Zero as in not one single one, not even one 495 00:22:57,600 --> 00:23:02,520 Speaker 1: out of twenty three schools, not one single student is 496 00:23:02,560 --> 00:23:07,399 Speaker 1: proficient in math. Now we're not even talking about the 497 00:23:07,480 --> 00:23:11,639 Speaker 1: financial subjects, Like if you can't even do math, if 498 00:23:11,640 --> 00:23:14,000 Speaker 1: you can't even be proficient in math, how are you 499 00:23:14,040 --> 00:23:16,480 Speaker 1: ever going to figure out compound interest for retirement planning? 500 00:23:16,560 --> 00:23:16,679 Speaker 2: Right? 501 00:23:16,720 --> 00:23:20,000 Speaker 1: So they're talking about retirement planning, so investing things like that, 502 00:23:20,040 --> 00:23:21,359 Speaker 1: How are you ever going to figure out how to 503 00:23:21,400 --> 00:23:23,920 Speaker 1: invest if you can't even read a balance sheet because 504 00:23:23,960 --> 00:23:26,880 Speaker 1: you're not even proficient in math. One of the big 505 00:23:26,880 --> 00:23:31,080 Speaker 1: misconceptions about investing, and hopefully none of you are dealing 506 00:23:31,080 --> 00:23:34,040 Speaker 1: with this, but investing is not gambling. When you're investing, 507 00:23:34,119 --> 00:23:36,159 Speaker 1: you're buying a business. You're buying a company, So you 508 00:23:36,160 --> 00:23:37,720 Speaker 1: should be able to look at that business and see 509 00:23:37,760 --> 00:23:39,280 Speaker 1: if it's a good business or not. I should be 510 00:23:39,320 --> 00:23:41,800 Speaker 1: able to look at their revenues and their profits and 511 00:23:41,840 --> 00:23:44,720 Speaker 1: their balance sheets and projections. 512 00:23:44,080 --> 00:23:44,560 Speaker 2: And things like that. 513 00:23:44,600 --> 00:23:47,560 Speaker 1: But if you don't understand basic math, you're not proficient math, 514 00:23:47,640 --> 00:23:50,320 Speaker 1: how can you ever do that? So anyway, we're a 515 00:23:50,480 --> 00:23:53,040 Speaker 1: long way from teaching people about money. We haven't even 516 00:23:53,040 --> 00:23:57,760 Speaker 1: got the proficient in math. Now, seven percent of students oh, 517 00:23:57,840 --> 00:24:01,080 Speaker 1: there was just out of all the school rules in Baltimore, 518 00:24:01,280 --> 00:24:05,320 Speaker 1: only seven percent of the students were proficient. So there's 519 00:24:05,359 --> 00:24:09,760 Speaker 1: twenty three that had not even one student proficient. But 520 00:24:09,800 --> 00:24:12,960 Speaker 1: out of all of the schools, only seven percent of 521 00:24:12,960 --> 00:24:18,679 Speaker 1: the students were proficient in math. In Chicago, another big city, 522 00:24:19,400 --> 00:24:24,399 Speaker 1: fifty five schools reported no proficiency in math either. Fifty 523 00:24:24,440 --> 00:24:27,240 Speaker 1: five not one single student. 524 00:24:27,320 --> 00:24:27,840 Speaker 2: And it's worse. 525 00:24:28,240 --> 00:24:31,720 Speaker 1: Not just they were not proficient in math, they were 526 00:24:31,760 --> 00:24:33,119 Speaker 1: not proficient. 527 00:24:32,600 --> 00:24:33,760 Speaker 2: In reading either. 528 00:24:33,840 --> 00:24:37,320 Speaker 1: Fifty five schools not one single student. 529 00:24:37,000 --> 00:24:38,720 Speaker 2: Proficient in math or reading. 530 00:24:38,840 --> 00:24:41,639 Speaker 1: So how the heck are you going to learn how 531 00:24:41,680 --> 00:24:44,400 Speaker 1: to balance a budget or invest into a company or 532 00:24:44,480 --> 00:24:49,280 Speaker 1: plan for your retirement if you can't do math or read. Now, 533 00:24:49,720 --> 00:24:51,920 Speaker 1: sure before you did no maths, so you couldn't do 534 00:24:52,000 --> 00:24:54,119 Speaker 1: the math on the company's balance sheet, But now you 535 00:24:54,160 --> 00:24:55,480 Speaker 1: can't even read the balance sheet. 536 00:24:56,320 --> 00:24:58,800 Speaker 2: That's a big problem. Now that's Chicago and. 537 00:24:58,840 --> 00:25:04,080 Speaker 1: Marks this cherry picking data. So you know, I'm sure 538 00:25:04,080 --> 00:25:08,000 Speaker 1: there's other places in Illinois that are good. Okay, So statewide, 539 00:25:08,520 --> 00:25:12,680 Speaker 1: there were fifty three schools that reported no students who 540 00:25:12,720 --> 00:25:13,720 Speaker 1: were proficient in math. 541 00:25:15,880 --> 00:25:17,320 Speaker 2: There were another. 542 00:25:17,160 --> 00:25:21,320 Speaker 1: Thirty schools reported zero students who were able to read 543 00:25:21,520 --> 00:25:25,240 Speaker 1: at grade level. I mean, is that insane or what. 544 00:25:26,560 --> 00:25:29,000 Speaker 1: So it's not that we're just not giving them financial literacy. 545 00:25:29,040 --> 00:25:32,480 Speaker 1: We're not teaching them about money at all. But here's 546 00:25:32,520 --> 00:25:35,320 Speaker 1: where we pivot on this. I know this sounds bad, 547 00:25:36,040 --> 00:25:41,320 Speaker 1: but remember the state wants citizens to remain illiterate. So 548 00:25:41,359 --> 00:25:43,320 Speaker 1: five hundred years ago, the church and state wanted you 549 00:25:43,359 --> 00:25:45,280 Speaker 1: to remain at literate so you couldn't read the Bible 550 00:25:45,280 --> 00:25:45,800 Speaker 1: for yourself. 551 00:25:45,840 --> 00:25:46,880 Speaker 2: Just let us tell you what it says. 552 00:25:47,400 --> 00:25:51,399 Speaker 1: Today, the states want citizens to remain financially illiterate for 553 00:25:51,480 --> 00:25:56,240 Speaker 1: the same reason, the same principal reason. They want you 554 00:25:56,320 --> 00:26:00,280 Speaker 1: to remain illiterate so you can stay a servant, a 555 00:26:00,320 --> 00:26:04,440 Speaker 1: surf of the state. More importantly, they can protect their 556 00:26:04,480 --> 00:26:08,200 Speaker 1: monopoly on money through the central bank. Right for the church, 557 00:26:08,240 --> 00:26:11,879 Speaker 1: it was to protect its monopoly on knowledge. Today for 558 00:26:11,960 --> 00:26:15,040 Speaker 1: the state it's to control its monopoly on money and 559 00:26:15,119 --> 00:26:18,560 Speaker 1: money printing. They can't have you becoming successful and not 560 00:26:18,600 --> 00:26:20,840 Speaker 1: being dependent on the state. Nor can they have you 561 00:26:20,960 --> 00:26:24,359 Speaker 1: understanding how money works so you don't continue to buy 562 00:26:24,440 --> 00:26:25,159 Speaker 1: into the system. 563 00:26:25,160 --> 00:26:27,919 Speaker 2: You see, we can just opt out. I have. 564 00:26:28,480 --> 00:26:29,800 Speaker 1: I just pulled my money out of the bank. I 565 00:26:29,840 --> 00:26:31,520 Speaker 1: don't use their money. 566 00:26:31,600 --> 00:26:32,240 Speaker 2: You know other. 567 00:26:32,040 --> 00:26:35,880 Speaker 1: Countries where you see money failing all the time, in Argentina, 568 00:26:35,920 --> 00:26:38,800 Speaker 1: for example, or Venezuela or Lebanon. They don't use that 569 00:26:38,880 --> 00:26:41,200 Speaker 1: nation's money. They use the dollar instead. And we don't 570 00:26:41,240 --> 00:26:43,520 Speaker 1: have to use our state's money if we were smart 571 00:26:43,600 --> 00:26:45,400 Speaker 1: enough to know that, And that's what they don't want 572 00:26:45,400 --> 00:26:49,720 Speaker 1: to happen. However, again, we have the Internet. This is 573 00:26:49,880 --> 00:26:53,760 Speaker 1: again technology changes everything. So just like seventy years before, 574 00:26:53,880 --> 00:26:57,360 Speaker 1: the printing press brought information to the forefront, today, well 575 00:26:57,640 --> 00:27:00,400 Speaker 1: about thirty years ago we had sort of the explosion 576 00:27:00,440 --> 00:27:01,560 Speaker 1: of the Internet. 577 00:27:01,359 --> 00:27:03,440 Speaker 2: And now that's changing people's minds. 578 00:27:03,520 --> 00:27:05,359 Speaker 1: We'll talk about that in a minute. Obviously you're listening 579 00:27:05,359 --> 00:27:07,119 Speaker 1: to me, probably over the internet. We're going to talk 580 00:27:07,160 --> 00:27:10,280 Speaker 1: about exactly how that's changing things and how we can 581 00:27:10,359 --> 00:27:14,159 Speaker 1: use this technology not just to get ahead, not just 582 00:27:14,200 --> 00:27:18,680 Speaker 1: to protect ourselves, our families, our loved ones, and maybe 583 00:27:18,760 --> 00:27:21,639 Speaker 1: change the world, but how this relates to our money, 584 00:27:21,640 --> 00:27:24,399 Speaker 1: and then where this and how this plays out, how 585 00:27:24,400 --> 00:27:25,480 Speaker 1: would you get. 586 00:27:25,359 --> 00:27:26,080 Speaker 2: Positioned for all this. 587 00:27:26,160 --> 00:27:27,760 Speaker 1: We'll be back with more on that in a minute. 588 00:27:27,760 --> 00:27:28,960 Speaker 1: I gotta take a very quick break. If you just 589 00:27:28,960 --> 00:27:31,359 Speaker 1: tune in your listening to the Mark mass Show. We'll 590 00:27:31,359 --> 00:27:32,040 Speaker 1: be right back. 591 00:27:32,040 --> 00:27:35,560 Speaker 2: Don't go away, all right, welcome back. 592 00:27:35,560 --> 00:27:37,080 Speaker 1: If you're just tune in, you're listening to the Mark 593 00:27:37,160 --> 00:27:40,520 Speaker 1: Maas Show. We're talking about how five hundred years ago, 594 00:27:40,760 --> 00:27:44,480 Speaker 1: the history from five hundred years ago is literally repeating 595 00:27:44,880 --> 00:27:47,240 Speaker 1: again right now. We talked about how the church and 596 00:27:47,280 --> 00:27:50,120 Speaker 1: the state controlled well, any government for that matter, any 597 00:27:50,160 --> 00:27:53,200 Speaker 1: central power is going to try to control their power 598 00:27:53,240 --> 00:27:56,760 Speaker 1: through control in the narrative. They have to tell the story. 599 00:27:57,040 --> 00:28:00,800 Speaker 1: They can't have people thinking different things. Now, this is sinister, 600 00:28:01,119 --> 00:28:01,679 Speaker 1: let's say that. 601 00:28:01,760 --> 00:28:01,960 Speaker 2: Right. 602 00:28:02,040 --> 00:28:06,240 Speaker 1: So when it's somebody trying to hold you down by 603 00:28:06,359 --> 00:28:08,760 Speaker 1: lying to you, gaslighting and you withholding information from you 604 00:28:08,880 --> 00:28:13,120 Speaker 1: for bad purposes, that that's that's bad. I'm not for that, right, 605 00:28:13,119 --> 00:28:19,400 Speaker 1: that's sinister. However, I think it is important that there's information. 606 00:28:19,680 --> 00:28:22,159 Speaker 1: It's a very very touch subject. I think, like when 607 00:28:22,200 --> 00:28:24,520 Speaker 1: you think about the United States, for example, like we 608 00:28:24,600 --> 00:28:27,720 Speaker 1: used to have a shared set of values, and as 609 00:28:27,760 --> 00:28:30,919 Speaker 1: those values have broken apart, it's much harder for this 610 00:28:31,240 --> 00:28:34,240 Speaker 1: central government to stay together. It's a little bit of 611 00:28:34,280 --> 00:28:36,400 Speaker 1: a tangent here. But one thing that I've often thought 612 00:28:36,400 --> 00:28:37,919 Speaker 1: about is that you know, when I grew up as 613 00:28:37,920 --> 00:28:40,240 Speaker 1: a kid, and probably a lot of you listening. We 614 00:28:40,280 --> 00:28:42,920 Speaker 1: all listen to the same music. We listen you know, 615 00:28:42,960 --> 00:28:47,120 Speaker 1: we watched the same movies. We wore the same clothes, right, 616 00:28:47,280 --> 00:28:49,000 Speaker 1: because there wasn't that much selection, right, we had the 617 00:28:49,080 --> 00:28:53,640 Speaker 1: nightly news, three channels on TV. I remember, you know, 618 00:28:53,720 --> 00:28:55,320 Speaker 1: like I said, the same movies. We all did the 619 00:28:55,320 --> 00:28:59,040 Speaker 1: same things. And so because we all watched and read 620 00:28:59,080 --> 00:29:01,400 Speaker 1: the same things, wore the same things, we did the 621 00:29:01,400 --> 00:29:05,600 Speaker 1: same things more or less, we all basically had these 622 00:29:05,640 --> 00:29:09,720 Speaker 1: shared circumstances and experiences that sort of made us all similar. 623 00:29:10,200 --> 00:29:11,880 Speaker 1: You could almost be friends with anybody. Oh did you 624 00:29:11,920 --> 00:29:12,320 Speaker 1: see that movie? 625 00:29:12,360 --> 00:29:13,080 Speaker 2: Do you listen to music? 626 00:29:13,120 --> 00:29:15,760 Speaker 1: And so we're all being shaped by the same culture. 627 00:29:16,000 --> 00:29:18,719 Speaker 1: What the Internet did. Back to technology changing things, the 628 00:29:18,720 --> 00:29:23,080 Speaker 1: Internet has allowed all of those things to splinter into 629 00:29:23,120 --> 00:29:25,920 Speaker 1: a million pieces. No longer do we all listen to 630 00:29:25,960 --> 00:29:28,320 Speaker 1: the same music anymore. As a matter of fact, you know, 631 00:29:28,360 --> 00:29:31,640 Speaker 1: I used to buy well, I used to buy cassette 632 00:29:31,680 --> 00:29:34,440 Speaker 1: tapes and then CDs. I'm old, not vinyl, I'm not 633 00:29:34,480 --> 00:29:37,120 Speaker 1: that old. But I did buy cassette tapes. I bought 634 00:29:37,120 --> 00:29:40,240 Speaker 1: a lot of CDs. But now we don't listen to it. 635 00:29:40,280 --> 00:29:43,240 Speaker 1: Now we just have streaming and now like some DJ 636 00:29:43,400 --> 00:29:45,120 Speaker 1: in the cloud just spins up music for me, I'm 637 00:29:45,160 --> 00:29:46,800 Speaker 1: not even sure what I'm listening to right, So it's 638 00:29:46,800 --> 00:29:48,560 Speaker 1: like we're listening to all different types of music, all 639 00:29:48,560 --> 00:29:51,640 Speaker 1: these different types of genres. We're all on the Internet 640 00:29:51,680 --> 00:29:55,920 Speaker 1: onto different message boards and forums, We're reading different substacks, blogs, articles, 641 00:29:55,920 --> 00:29:58,280 Speaker 1: things like that. You're here listening to me talking about 642 00:29:58,320 --> 00:30:00,000 Speaker 1: some subject and somebody else is listening to someone el 643 00:30:00,120 --> 00:30:02,200 Speaker 1: talk about some other subjects. And so now our interests 644 00:30:02,200 --> 00:30:05,560 Speaker 1: have become very diversified. Everything has been splintered into a 645 00:30:05,560 --> 00:30:07,920 Speaker 1: million pieces, and we see this affecting society in a 646 00:30:07,960 --> 00:30:10,240 Speaker 1: lot of ways. So for example, you know, we used 647 00:30:10,240 --> 00:30:14,240 Speaker 1: to have megabands, rock bands that would sell out entire stadiums. 648 00:30:15,360 --> 00:30:16,720 Speaker 2: I guess Taylor Swift is still. 649 00:30:16,560 --> 00:30:18,520 Speaker 1: Doing that, but that's kind of it, right, Like we 650 00:30:18,600 --> 00:30:23,640 Speaker 1: don't have this megaband anymore, you know. I know, I'm 651 00:30:23,640 --> 00:30:26,400 Speaker 1: coming from the action sports industry, like in the surf industry, 652 00:30:26,720 --> 00:30:30,080 Speaker 1: and we used to have these megasurf brands, Quicksilver, Billabong, 653 00:30:30,160 --> 00:30:30,840 Speaker 1: it might have heard of. 654 00:30:30,760 --> 00:30:31,160 Speaker 2: Some of these. 655 00:30:31,400 --> 00:30:34,840 Speaker 1: And these companies were megabig and they had mega money 656 00:30:34,880 --> 00:30:35,720 Speaker 1: and they were able. 657 00:30:35,480 --> 00:30:37,800 Speaker 2: To pay the athletes at big salary. 658 00:30:38,800 --> 00:30:41,640 Speaker 1: But now that industry has gotten broken up because now 659 00:30:41,680 --> 00:30:43,840 Speaker 1: through the Internet, now companies can spin up, they can 660 00:30:43,880 --> 00:30:45,880 Speaker 1: do print on demand and they can just launch a 661 00:30:45,920 --> 00:30:48,640 Speaker 1: brand sellut over the internet. And now that's eaten into 662 00:30:48,680 --> 00:30:51,920 Speaker 1: these big companies monopolies, and now the surf industry is 663 00:30:51,920 --> 00:30:55,080 Speaker 1: filled with hundreds of small brands. Which is cool, it 664 00:30:55,120 --> 00:30:58,000 Speaker 1: gives more opportunity. But the problem is now this wealth 665 00:30:58,040 --> 00:31:00,680 Speaker 1: isn't being concentrated, and no longer are these these big 666 00:31:00,720 --> 00:31:04,720 Speaker 1: contracts for these big surfers. So this is the way 667 00:31:04,720 --> 00:31:07,320 Speaker 1: the world changes, all right, this is the way the 668 00:31:07,360 --> 00:31:10,600 Speaker 1: world changes. So it is important to have a shared narrative, 669 00:31:11,040 --> 00:31:14,640 Speaker 1: not when it's being used for sinister reasons against us. 670 00:31:14,800 --> 00:31:16,880 Speaker 1: But going back to this for example, So now, just 671 00:31:16,920 --> 00:31:19,240 Speaker 1: like the printing press had come out seventy years before, 672 00:31:19,320 --> 00:31:21,160 Speaker 1: the church and the state really got threatened by the 673 00:31:21,160 --> 00:31:24,720 Speaker 1: printing of the Bible, today we have the Internet and 674 00:31:24,760 --> 00:31:27,080 Speaker 1: that allows us to go into these little niches of 675 00:31:27,080 --> 00:31:28,960 Speaker 1: the market. And a lot of us have learned that 676 00:31:29,040 --> 00:31:32,120 Speaker 1: it's the FED that creates the problems. Ron Paul led 677 00:31:32,120 --> 00:31:34,080 Speaker 1: the charge within the Fed. That's kind of what woke 678 00:31:34,120 --> 00:31:36,720 Speaker 1: me up and all of a sudden, eyes are on 679 00:31:36,760 --> 00:31:39,240 Speaker 1: the Fed, now, the Federal Reserve, and what's his Fed policy? 680 00:31:39,320 --> 00:31:41,240 Speaker 1: I mean, now we're all watching Jerome Powell come out 681 00:31:41,240 --> 00:31:43,120 Speaker 1: and tell us what our fate is. Are they going 682 00:31:43,200 --> 00:31:45,040 Speaker 1: to make money cheaper? Are they going to make money 683 00:31:45,040 --> 00:31:48,080 Speaker 1: more expensive? And what will that do for my retirement account? 684 00:31:48,080 --> 00:31:49,840 Speaker 1: And well, I'm be able to buy a house next year. 685 00:31:49,880 --> 00:31:52,280 Speaker 1: And we can see now that our hands are in 686 00:31:53,040 --> 00:31:55,360 Speaker 1: our lives are in the hands of these central bankers, 687 00:31:55,360 --> 00:31:56,440 Speaker 1: these central planners. 688 00:31:56,440 --> 00:31:57,480 Speaker 2: We can see that now. 689 00:31:57,960 --> 00:31:59,640 Speaker 1: And at the same time, you can listen to people 690 00:31:59,680 --> 00:32:03,080 Speaker 1: like me who give you alternative information and advice, and 691 00:32:03,120 --> 00:32:06,560 Speaker 1: it's starting to break that monopoly again. Henry Ford said, 692 00:32:06,560 --> 00:32:08,440 Speaker 1: if if the people knew how the money system worked 693 00:32:08,440 --> 00:32:11,920 Speaker 1: well today they do today. There's hundreds, I mean there's thousands, 694 00:32:11,960 --> 00:32:14,360 Speaker 1: I don't know, millions of videos that explained to you 695 00:32:14,520 --> 00:32:18,360 Speaker 1: how banking works, and how printing money eats away at 696 00:32:18,360 --> 00:32:20,800 Speaker 1: your inflation, debasing the currency eats way of inflation. We 697 00:32:20,840 --> 00:32:24,640 Speaker 1: can see the societal impacts of this now after fifty years. 698 00:32:25,080 --> 00:32:26,920 Speaker 2: We have the data, we have the charts. 699 00:32:26,920 --> 00:32:28,480 Speaker 1: There's the website I like to go to all the time, 700 00:32:28,640 --> 00:32:33,160 Speaker 1: WTF happened nineteen seventy one, like what happened in nineteen 701 00:32:33,200 --> 00:32:35,360 Speaker 1: seventy one when we got off the gold standard, we 702 00:32:35,400 --> 00:32:38,440 Speaker 1: started debasing the c and printing lots of money. We 703 00:32:38,520 --> 00:32:41,640 Speaker 1: can see through a series of charts now that it's 704 00:32:42,040 --> 00:32:45,720 Speaker 1: not just destroyed our purchasing power, earning power, or quality 705 00:32:45,720 --> 00:32:49,720 Speaker 1: of life, but it's led to the obesity rate, it's 706 00:32:49,800 --> 00:32:52,560 Speaker 1: led to the divorce rate, it's led to the unwed 707 00:32:52,600 --> 00:32:55,880 Speaker 1: mother rate. It's had all types of social implications, and 708 00:32:55,920 --> 00:32:57,719 Speaker 1: we would have never seen that if it wasn't for 709 00:32:57,760 --> 00:33:01,760 Speaker 1: the Internet. But we also have something else and that 710 00:33:02,240 --> 00:33:05,719 Speaker 1: I would throw out is bitcoin, and so bitcoin is 711 00:33:05,800 --> 00:33:07,840 Speaker 1: also breaking that monopoly. 712 00:33:07,960 --> 00:33:08,120 Speaker 2: Right. 713 00:33:08,160 --> 00:33:10,040 Speaker 1: So it's one thing to know about it. It's one 714 00:33:10,040 --> 00:33:12,280 Speaker 1: thing to see it. It's one thing to understand it. 715 00:33:12,480 --> 00:33:16,160 Speaker 1: But what can you do about it right now? In 716 00:33:16,200 --> 00:33:18,920 Speaker 1: a previous segment I talked about, and I've talked about extensively, 717 00:33:19,280 --> 00:33:21,800 Speaker 1: the three attack vectors are control the food, control the people, 718 00:33:21,800 --> 00:33:23,960 Speaker 1: control the energy, control the colon, and control the money, 719 00:33:24,000 --> 00:33:26,120 Speaker 1: control the world. Hend Kissinger told us that, and so 720 00:33:26,160 --> 00:33:27,840 Speaker 1: we can see that those are the three attack vectors. 721 00:33:27,880 --> 00:33:30,560 Speaker 1: They're attacking our food system, our energy system, and now 722 00:33:30,720 --> 00:33:34,040 Speaker 1: the money. Now, if we learned I talked about diet earlier, 723 00:33:34,240 --> 00:33:37,360 Speaker 1: if all a was real food, I wouldn't have to 724 00:33:37,360 --> 00:33:39,040 Speaker 1: worry about all the diet stuff I told you. But 725 00:33:39,160 --> 00:33:40,720 Speaker 1: what if they take away our real food? Then I 726 00:33:40,720 --> 00:33:42,920 Speaker 1: don't have an option Today we do, But what if 727 00:33:42,960 --> 00:33:47,320 Speaker 1: we don't. But what about the money? Well, in Lebanon 728 00:33:47,480 --> 00:33:50,160 Speaker 1: or Turkey or Venezuela, they could choose to not use 729 00:33:50,200 --> 00:33:53,000 Speaker 1: that local currency and they could use the dollars instead. 730 00:33:54,200 --> 00:33:55,640 Speaker 1: But what about if you are to using the dollar? 731 00:33:55,920 --> 00:33:59,239 Speaker 1: Then what you see? People want to look at the 732 00:33:59,360 --> 00:34:01,600 Speaker 1: rate of change and how all of these currencies have 733 00:34:01,680 --> 00:34:02,680 Speaker 1: lost value to the dollar. 734 00:34:02,680 --> 00:34:04,080 Speaker 2: Oh, look at the Dollar's still so strong. 735 00:34:04,120 --> 00:34:06,240 Speaker 1: You look at the Dixie Index, right, But if you 736 00:34:06,240 --> 00:34:07,600 Speaker 1: look at the dollar compared to the S and P 737 00:34:07,680 --> 00:34:10,000 Speaker 1: five hundred, or to gold, or to oil, or to bitcoin, 738 00:34:10,440 --> 00:34:11,879 Speaker 1: or to real estate, you can see it's a whole 739 00:34:11,880 --> 00:34:15,319 Speaker 1: different story. The dollar is crashing just as hard as 740 00:34:15,320 --> 00:34:18,200 Speaker 1: those other currencies are. It's just not crashing against other currencies. 741 00:34:18,239 --> 00:34:21,640 Speaker 1: It's crashing against real things. We see. Bitcoin gives us 742 00:34:21,680 --> 00:34:25,879 Speaker 1: this safety net. It gives us A better term would 743 00:34:25,920 --> 00:34:28,800 Speaker 1: be like a lifeboat. Right, We're on a sinking ship. 744 00:34:29,239 --> 00:34:32,360 Speaker 1: The dollar is sinking slower than the other currencies, and 745 00:34:32,400 --> 00:34:34,359 Speaker 1: so you could jump from one boat to the next 746 00:34:34,400 --> 00:34:36,120 Speaker 1: sinking boat if it's still going to be up for 747 00:34:36,160 --> 00:34:39,600 Speaker 1: a while, but eventually that boat is going down as well. 748 00:34:39,800 --> 00:34:41,600 Speaker 1: So rather than jumping from one sinking boat to the 749 00:34:41,600 --> 00:34:43,719 Speaker 1: next sinking boat to the next inking boat, what you'd 750 00:34:43,719 --> 00:34:46,200 Speaker 1: want to do is get to a boat that gets 751 00:34:46,239 --> 00:34:48,560 Speaker 1: you away from all of that, and it's not sinking now. 752 00:34:48,560 --> 00:34:52,120 Speaker 1: It might be a small boat, and a small lifeboat 753 00:34:52,200 --> 00:34:54,160 Speaker 1: might take a long time before it gets picked up 754 00:34:54,160 --> 00:34:56,800 Speaker 1: by another boat or before it hits landfall or whatever 755 00:34:56,800 --> 00:34:59,080 Speaker 1: that may be, but at least it's not sinking. At 756 00:34:59,160 --> 00:35:01,080 Speaker 1: least it gives you a fiation that you could build 757 00:35:01,120 --> 00:35:04,000 Speaker 1: your life on as opposed to just another sinking ship. 758 00:35:04,000 --> 00:35:06,560 Speaker 2: And that's sort of an analogy for where the dollar is. Right. 759 00:35:06,560 --> 00:35:07,359 Speaker 2: The dollar is. 760 00:35:07,320 --> 00:35:10,080 Speaker 1: Sinking slower than the other boats, slower than the currencies 761 00:35:10,120 --> 00:35:12,360 Speaker 1: around it. But we have a safety boat, we have 762 00:35:12,360 --> 00:35:15,680 Speaker 1: a lifeboat that we can jump into. More importantly, it's 763 00:35:15,719 --> 00:35:20,040 Speaker 1: allowing us to see the world differently. Right now, we 764 00:35:20,080 --> 00:35:22,560 Speaker 1: can start to see that we don't have to use 765 00:35:22,600 --> 00:35:26,479 Speaker 1: government money. We do have other options that we didn't 766 00:35:26,480 --> 00:35:29,480 Speaker 1: have before. And just by changing our viewpoint, we can 767 00:35:29,560 --> 00:35:33,200 Speaker 1: understand that now at this point, the central planners, the 768 00:35:33,200 --> 00:35:36,680 Speaker 1: federal reserves still have enormous power. And like I said earlier, 769 00:35:36,680 --> 00:35:39,400 Speaker 1: we're all looking towards Jerome Power, head of the FROIUR Reserve, 770 00:35:39,440 --> 00:35:42,560 Speaker 1: to see what he's going to do to affect our lives. 771 00:35:42,920 --> 00:35:45,120 Speaker 1: Something I've been talking about a lot is for the 772 00:35:45,200 --> 00:35:47,840 Speaker 1: last couple of years, they've been in what's called quantitative tightening, 773 00:35:47,880 --> 00:35:50,399 Speaker 1: where they're tightening or they're making money more expensive, they're 774 00:35:50,440 --> 00:35:52,960 Speaker 1: tightened the monetary system. When they tight the monetary system, 775 00:35:53,000 --> 00:35:56,080 Speaker 1: it contracts, it tight it's tightened. And now we've all 776 00:35:56,120 --> 00:35:59,440 Speaker 1: been talking about the pivot, the eventual FED pivot that's coming. 777 00:36:00,120 --> 00:36:02,600 Speaker 1: I believe it's coming much sooner than most people think. 778 00:36:03,280 --> 00:36:04,719 Speaker 1: And what is that going to do to markets? If 779 00:36:04,719 --> 00:36:07,080 Speaker 1: you'd like to know what the fed U turn is 780 00:36:07,080 --> 00:36:09,080 Speaker 1: going to do and how you can seize the upside 781 00:36:09,120 --> 00:36:11,560 Speaker 1: of this FEDS you turn this year and then you 782 00:36:11,600 --> 00:36:14,200 Speaker 1: can sidestep all the market volatility that's going to happen. 783 00:36:14,719 --> 00:36:18,400 Speaker 1: Join me live next week. Go dot one, Markmoss dot com, 784 00:36:18,400 --> 00:36:21,520 Speaker 1: slash U turn, Go dot one, Markmoss dot com slash 785 00:36:21,640 --> 00:36:21,879 Speaker 1: u Turn. 786 00:36:21,920 --> 00:36:23,200 Speaker 2: I got about like thirty five charts. 787 00:36:23,239 --> 00:36:25,520 Speaker 1: I'm going to show you all the data. I'll show 788 00:36:25,520 --> 00:36:27,920 Speaker 1: you what I'm doing, the assets I like, the markets 789 00:36:27,960 --> 00:36:31,040 Speaker 1: I'm moving into, and how we can you can you 790 00:36:31,080 --> 00:36:34,719 Speaker 1: and I can seize this upside, make make lemonade out 791 00:36:34,760 --> 00:36:37,439 Speaker 1: of the limits, sidestep the market volatility again. Join me live, 792 00:36:37,800 --> 00:36:41,040 Speaker 1: Go dot one, Markmoss dot com, slash U Turn. If 793 00:36:41,040 --> 00:36:43,040 Speaker 1: you just tune in, you're listening to the market Mos show. 794 00:36:43,040 --> 00:36:46,400 Speaker 1: We've been talking about how history is rhyming right now 795 00:36:46,560 --> 00:36:49,000 Speaker 1: and how we can look at the parallels of how 796 00:36:49,080 --> 00:36:51,200 Speaker 1: the printing presses, the technology of the printing press is 797 00:36:51,239 --> 00:36:54,799 Speaker 1: broke the monopoly over information from the church and state 798 00:36:54,800 --> 00:36:57,440 Speaker 1: in the fifteen hundreds, and how today the Internet and 799 00:36:57,480 --> 00:37:00,680 Speaker 1: bitcoin is breaking the monopoly over information of the central 800 00:37:00,719 --> 00:37:01,520 Speaker 1: planners we have today. 801 00:37:01,719 --> 00:37:03,000 Speaker 2: That's what I got. Hopefully enjoyed that. 802 00:37:03,120 --> 00:37:04,640 Speaker 1: Hit me up on social media, let me know you're 803 00:37:04,640 --> 00:37:06,399 Speaker 1: listening to what you like, and that's what I got. 804 00:37:06,440 --> 00:37:07,120 Speaker 2: Thanks for listening.