WEBVTT - The Mark Moss Show 2-7-24 0:00:00.240 --> 0:00:02.320 Are you caught up on your history of what happened 0:00:02.360 --> 0:00:05.120 in the fifteen hundreds with the separation of church and 0:00:05.160 --> 0:00:07.680 state and the battle went down. Well, you might know 0:00:07.760 --> 0:00:10.600 about the story when the ninety five thesis was put 0:00:10.680 --> 0:00:12.840 under the church store, but do you understand how was 0:00:13.000 --> 0:00:17.400 technology that forced that change? And more importantly, how does 0:00:17.600 --> 0:00:22.119 understanding that story reflect and tell us, maybe highlight and 0:00:22.239 --> 0:00:25.320 show us exactly what is happening today when it comes 0:00:25.400 --> 0:00:28.200 to the terms of not just our information today, but 0:00:28.280 --> 0:00:31.960 as well as our finances and our money. We're going 0:00:32.040 --> 0:00:35.040 to break down what happened in the past fifteen hundred 0:00:35.080 --> 0:00:37.400 so we can understand the rhymes of history and how 0:00:37.440 --> 0:00:41.000 it's repeating, how we can see the same things playing out, 0:00:41.159 --> 0:00:44.400 how that leads into what's happening in the world today, 0:00:44.400 --> 0:00:47.600 and more importantly, what we can do to counteract these 0:00:47.760 --> 0:00:51.720 changes so we can still win even as things are devolving. 0:00:52.000 --> 0:00:54.600 And then eventually where this all leads. It's going to 0:00:54.600 --> 0:00:57.680 be an amazing conversation, one that I've talked about before 0:00:57.720 --> 0:00:59.240 in different bits and pieces, but I haven't put it 0:00:59.240 --> 0:01:01.400 all together. So let's just jump into it. If you're 0:01:01.640 --> 0:01:03.880 just tuning in, you're listening to the Markomall Show. I 0:01:03.960 --> 0:01:05.880 like to talk about the way the world is changing 0:01:06.080 --> 0:01:08.920 as we look at through the lens of politics, finance, 0:01:09.080 --> 0:01:11.520 and technology. So today we're going to be talking about 0:01:11.880 --> 0:01:17.279 finance and technology, not really so much politics, mostly finance 0:01:17.280 --> 0:01:18.639 and technology, and we're going. 0:01:18.520 --> 0:01:20.280 To be used history as our guide. 0:01:20.319 --> 0:01:22.720 I love history because you know, there's the saying those 0:01:22.720 --> 0:01:26.000 who don't understand history are bound to repeat it. And 0:01:26.040 --> 0:01:27.440 I know that a lot of times we hear these 0:01:27.480 --> 0:01:29.679 cliches so often that we start to overlook them, but 0:01:30.200 --> 0:01:32.800 it's true. So for example, if I had touched a 0:01:32.840 --> 0:01:35.520 hot stove and burned my hand, that was in the past, 0:01:35.560 --> 0:01:37.560 that was history. Well I would know that if I 0:01:37.720 --> 0:01:40.440 touched that hot stove again, the same outcome is most 0:01:40.480 --> 0:01:41.039 likely to happen. 0:01:41.040 --> 0:01:42.240 I'll probably burn my hand again. 0:01:42.520 --> 0:01:44.679 And so when we look through history, it's not that 0:01:44.760 --> 0:01:47.199 the exact same things happen. That's why it doesn't repeat. 0:01:47.240 --> 0:01:50.200 It rhymes, it's the rhyme. And the reason why is 0:01:50.240 --> 0:01:53.160 when you understand the mechanics of how that worked, what 0:01:53.240 --> 0:01:56.360 are the cause and effects that transpired, So it's not 0:01:56.400 --> 0:01:58.840 going to happen the exact same way. So, for example, 0:01:59.240 --> 0:02:02.280 I touched the hot stove before and I burned my hand. 0:02:02.480 --> 0:02:04.400 Next time I bumped into the hot stove with my 0:02:04.560 --> 0:02:07.600 arm and I burned my arm. Right, the cause and 0:02:07.640 --> 0:02:10.800 effect you touch something hot, you get a burn is real. 0:02:11.040 --> 0:02:13.360 Whether I burn my hand or my arm changes. That 0:02:13.400 --> 0:02:13.880 makes sense. 0:02:14.000 --> 0:02:15.799 And so when we look at history, we. 0:02:15.760 --> 0:02:18.160 Want to understand the cause and effect so we can 0:02:18.280 --> 0:02:20.640 understand what happens. And let's dig into that. So let's 0:02:20.639 --> 0:02:23.000 go back in time. Now, I say I've broken this 0:02:23.040 --> 0:02:25.680 dow many times that on a two hundred and fifty 0:02:25.760 --> 0:02:30.399 year time frame, we have a pendulum. The world swings 0:02:30.560 --> 0:02:33.000 back and forth on a tune and fete your time frame. Now, 0:02:33.000 --> 0:02:37.000 there's lots of cycles. There's lots of cycles. Let's just 0:02:37.080 --> 0:02:39.880 jump to the eighty four year cycle. It's been popularized 0:02:39.919 --> 0:02:42.080 by the book The Fourth Turning. This talks about eighty 0:02:42.120 --> 0:02:44.280 year cycles. Really it breaks down to about an eighty 0:02:44.320 --> 0:02:48.200 four year cycle. It's not exact, and they're like seasons 0:02:48.200 --> 0:02:50.160 and about every eighty four years. We sort of have 0:02:50.240 --> 0:02:53.239 this Fourth Turning generational theory. But we also have what's 0:02:53.280 --> 0:02:56.680 called like a populist uprising or a regime change about 0:02:56.680 --> 0:02:59.200 every eighty years eighty four years. So eighty years ago 0:02:59.400 --> 0:03:02.680 was the Indworld Two. We saw you know, Hitler, Mussolini, 0:03:02.960 --> 0:03:04.040 you know FDR's New Deal. 0:03:04.040 --> 0:03:04.720 In the United States. 0:03:05.120 --> 0:03:07.959 About eighty four years before that we had Karl Milk 0:03:08.040 --> 0:03:12.440 Marx wrote the Communist Manifesto led to the largest revolution 0:03:12.520 --> 0:03:15.000 that we saw in European history. About eighty four years 0:03:15.000 --> 0:03:18.120 before that was the American and the French Revolution. Now, 0:03:18.520 --> 0:03:21.520 if you know much about cycles or charts, the third 0:03:21.600 --> 0:03:24.440 time is the big strong one. So three times eighty 0:03:24.440 --> 0:03:27.520 four equals two hundred and fifty fifty two to be exact, 0:03:28.480 --> 0:03:30.400 and that puts us two and fife year cycle, which 0:03:30.639 --> 0:03:33.840 basically is like a pendulum swinging back and forth to 0:03:34.080 --> 0:03:38.720 centralization and decentralization. So right now you could argue we 0:03:38.760 --> 0:03:41.240 are at peak centralization. Two and fifty years ago, you 0:03:41.280 --> 0:03:44.400 could argue we were at peak decentralization. We set up 0:03:44.440 --> 0:03:48.520 a decentralized government the United States, a republic. Now two 0:03:48.560 --> 0:03:51.960 and fife years before that brings us back to fifteen 0:03:52.080 --> 0:03:56.400 hundred when we were at peak centralization. You're tracking with 0:03:56.440 --> 0:03:58.600 me here, Now, what was going on in the fifteen 0:03:58.680 --> 0:04:01.640 hundred is that led to peak central Well, it was 0:04:01.760 --> 0:04:04.120 technology that really got us there, But we're not going 0:04:04.160 --> 0:04:06.480 to go further back than that. But at that time, 0:04:06.880 --> 0:04:10.520 the church and the state ruled everything right, So the 0:04:10.520 --> 0:04:14.160 Catholic Church and the government were working together to enforce 0:04:14.200 --> 0:04:17.000 their will. Now, just like any government organization, just like 0:04:17.040 --> 0:04:21.000 any central planned government, they have to control the flow 0:04:21.040 --> 0:04:23.000 of information. They have to control the narrative. They have 0:04:23.080 --> 0:04:25.280 to tell you the story they want you to believe 0:04:25.520 --> 0:04:27.720 so that they can maintain power. They can maintain that 0:04:28.120 --> 0:04:29.320 power and control over you. 0:04:29.680 --> 0:04:30.839 If you start to see a. 0:04:30.839 --> 0:04:34.400 Different viewpoint, then they'll lose their power, which is why 0:04:34.400 --> 0:04:36.719 you see like in China, for example, they've had the 0:04:36.839 --> 0:04:40.680 Great Firewall where they haven't allowed Western Internet to get 0:04:40.720 --> 0:04:43.360 into their country. So you know, they don't have Google 0:04:43.560 --> 0:04:46.760 or Amazon or Facebook. They have their own versions of 0:04:46.760 --> 0:04:49.200 those things that they can control because they don't want 0:04:49.240 --> 0:04:54.719 their people in China to be influenced by Western ideology. Now, 0:04:54.760 --> 0:04:56.279 I don't think that's a good thing. I think we 0:04:56.320 --> 0:04:58.280 should all be free to have information and we can 0:04:58.279 --> 0:05:00.840 make up our own minds. Unfortunately, what I'm seeing today 0:05:00.920 --> 0:05:03.200 is in Europe and the United States they're going down 0:05:03.240 --> 0:05:06.239 the same path. Europe is fast tracking having their own 0:05:07.160 --> 0:05:08.039 Great Firewall up. 0:05:08.080 --> 0:05:10.080 If you will. At the rate. 0:05:10.000 --> 0:05:12.640 Europe is on right now, their internet could probably even 0:05:12.680 --> 0:05:16.039 be dare I say, more restrictive than what China's is. 0:05:16.080 --> 0:05:18.160 It's insane to think like that. I'm not going to 0:05:18.200 --> 0:05:20.960 go down that rabbit hole. But basically, controlling the flow 0:05:20.960 --> 0:05:23.560 of information more importantly, like I said, controlling the narrative 0:05:23.720 --> 0:05:26.120 is always the key. Now, going back to this point, 0:05:26.360 --> 0:05:28.920 the church and the state had that power, that control. 0:05:29.000 --> 0:05:29.320 They had the. 0:05:29.360 --> 0:05:33.040 Narrative and they told the people what to believe. When 0:05:33.080 --> 0:05:36.600 it came to religion, the people didn't have access to 0:05:36.640 --> 0:05:38.760 the Bible, they couldn't hear directly, so you could only 0:05:38.760 --> 0:05:40.280 come to the church to believe what they told you. 0:05:40.360 --> 0:05:41.800 And the only way to get to God was through 0:05:41.839 --> 0:05:42.200 the church. 0:05:42.640 --> 0:05:46.520 Very central. It was a central point. But technology changed that. 0:05:46.760 --> 0:05:49.440 About seventy years previous, we had the invention of a 0:05:49.480 --> 0:05:51.680 new technology and it had been around longer, but a 0:05:51.760 --> 0:05:54.359 sort of fit mass production of the printing press, and 0:05:54.400 --> 0:05:56.680 the printing press then allowed the first thing that was 0:05:56.720 --> 0:05:58.760 printed were Bibles. If people started getting the Bibles, they 0:05:58.800 --> 0:06:00.919 started reading the information and they said, wait a minute, 0:06:01.560 --> 0:06:04.560 this isn't what we've been told our whole life, this 0:06:04.600 --> 0:06:07.080 isn't true that we don't have to go through the 0:06:07.160 --> 0:06:09.040 church to get to God. We can have our own 0:06:09.120 --> 0:06:12.000 direct path. Now, anybody that read that, anybody that talked 0:06:12.000 --> 0:06:14.960 about it, spread that information, was labeled a heretic. It 0:06:15.000 --> 0:06:17.479 was called heresy, and they were put to death. I 0:06:17.480 --> 0:06:19.440 don't know the stats. I'm guessing one hundreds of thousands, 0:06:19.440 --> 0:06:22.479 potentially maybe millions of people were probably killed over this. 0:06:22.960 --> 0:06:23.839 But it didn't matter. 0:06:24.640 --> 0:06:27.719 Once that information got out, then it spread. 0:06:27.839 --> 0:06:29.440 It spread like a virus. The information got. 0:06:29.360 --> 0:06:32.680 Out because humans want truth, we want information, and so 0:06:32.760 --> 0:06:34.279 it spread and no matter what they could do, they 0:06:34.320 --> 0:06:37.280 couldn't stop it. And eventually the monopoly that the church 0:06:37.279 --> 0:06:42.160 and state held over knowledge came part. All right, now, 0:06:42.200 --> 0:06:44.080 what does that story have anything to do with today? 0:06:44.400 --> 0:06:45.760 Well, there's a. 0:06:45.680 --> 0:06:47.760 Lot of parallels today, but specifically I want to talk 0:06:47.800 --> 0:06:50.680 about it in regards to the financial system. I like 0:06:50.720 --> 0:06:53.080 to say on my main YouTube, Pianel Mark Moss, if 0:06:53.080 --> 0:06:54.920 you're not checking out Mark Moss, you should check me 0:06:54.960 --> 0:06:56.840 out over there. I use a lot of charts and 0:06:56.880 --> 0:06:58.560 graphs and things like I can't do on the radio 0:06:58.560 --> 0:06:59.040 and podcast. 0:06:59.120 --> 0:06:59.960 It's a lot more visual. 0:07:01.000 --> 0:07:02.760 But I start out my show by saying trying to 0:07:02.880 --> 0:07:05.200 change the way you think about money because almost everything 0:07:05.200 --> 0:07:08.600 you've learned is wrong. Because what we've learned is wrong. 0:07:09.080 --> 0:07:13.840 The central power that controls the world today has intentionally 0:07:13.920 --> 0:07:16.760 withheld information from us in regards to finance and money 0:07:17.680 --> 0:07:20.600 as well as they've misled us. Now, about one hundred 0:07:20.720 --> 0:07:23.080 years ago, Henry Ford, the father of the automobile and 0:07:23.120 --> 0:07:26.360 mass production, said that if the American people knew how 0:07:26.360 --> 0:07:30.520 the banking system worked, there'd be a revolution before the morning. 0:07:31.280 --> 0:07:32.920 I've used that quote before, you've probably heard it, but 0:07:32.960 --> 0:07:33.760 let's just break that down. 0:07:33.800 --> 0:07:34.400 What does that mean. 0:07:34.600 --> 0:07:36.440 So if they knew how the banking system worked, really, 0:07:36.520 --> 0:07:39.240 how the money system worked, is what he's saying. And 0:07:39.280 --> 0:07:43.560 more importantly, the banks creating money, issuing money, controlling the 0:07:43.600 --> 0:07:44.440 price of money. 0:07:44.520 --> 0:07:46.280 That's what he's talking about. And then he goes on to. 0:07:46.280 --> 0:07:49.120 Say that there would be a revolution before the morning. 0:07:49.600 --> 0:07:52.000 There wouldn't be a revolution next week, wouldn't be a 0:07:52.040 --> 0:07:55.040 revolution coming, not next year, not next week, not vote 0:07:55.080 --> 0:07:58.280 them out in four years from now. No before the morning. 0:07:58.320 --> 0:07:59.880 They wouldn't even go to bed, they'd go do it 0:08:00.120 --> 0:08:02.880 right now. That's how upset people would be. I remember 0:08:03.000 --> 0:08:05.000 years ago when my daughter was much younger. How old 0:08:05.080 --> 0:08:07.120 was she maybe eight or nine years old, and we 0:08:07.160 --> 0:08:09.120 were driving down the freeway and I was kind of 0:08:09.120 --> 0:08:12.520 explaining to her how the banking system worked and how 0:08:12.720 --> 0:08:15.400 you know, basically the Fed Federal Reserve of just print money, 0:08:15.440 --> 0:08:18.000 which then devalue steals the value from our money that 0:08:18.040 --> 0:08:19.840 we still have in our bank account. And I kind 0:08:19.840 --> 0:08:21.040 of broke this down to her in a very simple 0:08:21.080 --> 0:08:22.520 way that she could understand, and she kind of looked 0:08:22.520 --> 0:08:25.800 at me puzzled, and she said, why do. 0:08:25.840 --> 0:08:28.320 People put up with this? Why do they allow it? 0:08:28.360 --> 0:08:29.880 And that was the mind of like an eight nine 0:08:29.920 --> 0:08:31.840 year old however Shield was at that time, but it's 0:08:31.880 --> 0:08:35.920 exactly what Henry Ford was saying. Now, how are they 0:08:35.960 --> 0:08:38.079 able to do this? And how does this relate back 0:08:38.120 --> 0:08:41.960 to the story. Well, today's finance is very similar. Like 0:08:42.000 --> 0:08:45.160 I said, they don't teach us these things, they don't 0:08:45.160 --> 0:08:48.320 allow us access to this information. So I want to 0:08:48.320 --> 0:08:52.360 break down what financial literacy looks like country by country. 0:08:52.679 --> 0:08:54.440 I want to look at some of the stats that 0:08:54.480 --> 0:08:57.680 we can see inside the United States, and it. 0:08:57.600 --> 0:09:00.679 Is very very scary, talk about. 0:09:00.400 --> 0:09:03.600 Ways that we can sort of counteract this ways that 0:09:03.720 --> 0:09:06.520 it's being counteracted. Now, just like the technology of the 0:09:06.559 --> 0:09:10.320 printing press broke that monopoly, and how technology today is 0:09:10.360 --> 0:09:13.000 breaking that monopoly, how you and I have a chance 0:09:13.040 --> 0:09:15.640 to front run that both on our education side and 0:09:15.679 --> 0:09:18.800 our money side, and a whole lot more. So I'm 0:09:18.800 --> 0:09:20.319 gonna take a very quick break. You don't want to 0:09:20.320 --> 0:09:21.240 miss it. Don't go away. 0:09:21.559 --> 0:09:25.160 I'll be right back. All right, welcome back. 0:09:25.160 --> 0:09:26.640 If you just tune in, you're listening to the Mark 0:09:26.720 --> 0:09:29.800 Mass Show. We're talking about how history from five hundred 0:09:29.880 --> 0:09:32.920 years ago is rhyming today and how the church and 0:09:32.960 --> 0:09:35.400 the state tried to control just like any central power 0:09:35.520 --> 0:09:38.480 central government does, had to control the flow of information, 0:09:38.559 --> 0:09:42.160 had to control the narrative in order to control or 0:09:42.240 --> 0:09:45.600 keep their place of power and control. And it was 0:09:45.600 --> 0:09:49.240 technology that broke the gap. Now, like I said, today, 0:09:49.320 --> 0:09:52.160 we're seeing the same thing. Back then, it was the 0:09:52.240 --> 0:09:56.560 church and state that wanted its members to remain actually illiterate. 0:09:56.600 --> 0:09:58.400 They didn't want them to learn how to read, and 0:09:58.480 --> 0:10:00.720 they wanted them to stay a literally so the state 0:10:00.880 --> 0:10:04.800 could protect its monopoly on information. Right, they had to 0:10:04.840 --> 0:10:09.000 protect their monopoly on knowledge via the scriptorium. So the 0:10:09.040 --> 0:10:11.680 scriptorium was how they would transfer that knowledge from generation 0:10:11.760 --> 0:10:14.360 to generation. But again it was technology, the printing press 0:10:14.400 --> 0:10:18.920 that broke that and the church's monopoly and it was broken. 0:10:19.000 --> 0:10:22.160 And today we're seeing the same thing where the central 0:10:22.280 --> 0:10:26.880 planners the government want its people, its members to remain 0:10:27.400 --> 0:10:30.800 illiterate as well. They want to protect their monopoly on 0:10:31.120 --> 0:10:34.240 money printing and on financial policy, so it doesn't happen. 0:10:34.880 --> 0:10:37.319 If they're able to break that, then we could break 0:10:37.360 --> 0:10:41.560 the multi century monopoly on money. All right, So let's 0:10:41.600 --> 0:10:43.480 just break down some of this a little bit here 0:10:43.520 --> 0:10:46.719 for you. So what are we talking about here exactly? Well, 0:10:46.720 --> 0:10:48.599 as I said, it's always technology to change things. But 0:10:48.679 --> 0:10:51.600 let's just start with what are we seeing in terms 0:10:51.640 --> 0:10:55.520 of education around finance. So what we might call financial 0:10:55.559 --> 0:10:59.440 literacy is the knowledge and understanding of key financial skills. 0:10:59.600 --> 0:11:01.600 So some of these skills that you should probably have 0:11:01.760 --> 0:11:06.800 is like budgeting and saving, investing, retirement planning, things like that, 0:11:07.040 --> 0:11:08.920 the ability to put them to use, you know, in 0:11:08.960 --> 0:11:12.240 your life, in your fares and things like that. But 0:11:12.960 --> 0:11:16.280 let's break that down a little bit. So budgeting great. Sure, 0:11:16.320 --> 0:11:18.839 we should live on less than we we should, we 0:11:19.160 --> 0:11:22.560 should consume less than we produce, we should live on 0:11:22.760 --> 0:11:25.800 less than we created or produced. Right, So if I 0:11:25.800 --> 0:11:27.560 make a thousand dollars, I should live on less than 0:11:27.600 --> 0:11:29.000 a thousand dollars so I can save. 0:11:29.520 --> 0:11:32.120 Okay, Look, that's budgeting. One on one. That's saving. I 0:11:32.160 --> 0:11:32.520 get it. 0:11:32.640 --> 0:11:35.520 Like I told you that you understand the importance of it. Cool, 0:11:37.000 --> 0:11:41.280 we should understand investing. Okay, So I need a way 0:11:41.320 --> 0:11:44.000 to put that difference, that that money that I've saved, 0:11:44.040 --> 0:11:46.560 and I need a way for me to put it 0:11:46.679 --> 0:11:49.520 somewhere so it grows, so it's more in the future. 0:11:49.600 --> 0:11:52.400 Retirement planning, So investing retirement planning is sort of the 0:11:52.400 --> 0:11:56.720 same thing. First of all, let me let me break 0:11:56.760 --> 0:12:00.640 this down into another comparison. So there's no shortage of 0:12:00.679 --> 0:12:04.200 diet plans out there right just here we are. We 0:12:04.320 --> 0:12:06.360 just entered the second month. 0:12:06.120 --> 0:12:06.600 Of the year. 0:12:06.800 --> 0:12:08.560 At the first of the year, everybody starts certain New 0:12:08.640 --> 0:12:11.200 Year's resolutions. Everybody wants to get in shape. And probably 0:12:11.200 --> 0:12:12.920 a lot of people listening to this, and certainly a 0:12:12.960 --> 0:12:15.199 lot of people around the world think about getting in shape. 0:12:15.240 --> 0:12:17.440 And so what diet should I start? Should I do 0:12:17.480 --> 0:12:21.040 a katogenic diet? Should I do the Atkins diet? Should 0:12:21.040 --> 0:12:23.120 I just count my calories and try and eat less 0:12:23.840 --> 0:12:25.679 or whatever. Right, And there's like I said, there's no 0:12:25.679 --> 0:12:27.520 shortage of diets. There's always a new diet fad that 0:12:27.559 --> 0:12:30.719 comes out. You have weight Watchers and Jenny Craig and 0:12:30.760 --> 0:12:34.320 all these different things that can help you with a diet. Right, 0:12:34.920 --> 0:12:37.160 sort of like all these different things you can do 0:12:37.280 --> 0:12:40.360 for investing and budgeting and saving and retirement planning. 0:12:41.320 --> 0:12:42.040 But here's the thing. 0:12:43.040 --> 0:12:46.520 If all you did was eat real food, real food, 0:12:46.520 --> 0:12:49.800 being food that was either was living or is living, 0:12:49.880 --> 0:12:53.520 so animals and plants, right, If all you did was 0:12:53.520 --> 0:12:55.760 eat real food stuff that was living or is living, 0:12:56.080 --> 0:13:01.040 stuff that's not processed, you can't overeat. So if all 0:13:01.040 --> 0:13:07.040 you ate was organic, chemical free, hormone free, let's say, 0:13:07.040 --> 0:13:11.840 steak cows and chickens, and then you ate some vegetables, 0:13:11.880 --> 0:13:14.960 you ate broccoli and green beans, you wouldn't over eat. 0:13:16.440 --> 0:13:18.800 If you stayed away from processed foods, if you stayed 0:13:18.840 --> 0:13:20.840 away from the sugary foods, you stayed away from high 0:13:20.840 --> 0:13:22.520 carb foods, if you stayed away from stuff that comes 0:13:22.559 --> 0:13:23.959 in a box, if you stayed away from stuff that 0:13:24.040 --> 0:13:25.920 has a label on it. I remember a long time 0:13:25.960 --> 0:13:28.160 we listened to an interview and they were talking with 0:13:28.200 --> 0:13:32.120 a dietician, and they said, when I'm looking at a label, 0:13:32.480 --> 0:13:34.520 what am I looking at? Like? What should I be 0:13:34.600 --> 0:13:37.200 avoiding and looking for? And they said, if it has 0:13:37.240 --> 0:13:39.959 a label, don't eat it. So if you think about it, 0:13:40.040 --> 0:13:41.920 like steak and chicken doesn't have a label on it, 0:13:41.920 --> 0:13:43.959 it's just steak or chicken, right, Broccoli doesn't have a 0:13:44.040 --> 0:13:48.440 label on It's just broccoli, all right. So if you're 0:13:48.440 --> 0:13:50.400 stuck with that, you wouldn't have to you wouldn't You 0:13:50.400 --> 0:13:52.880 would over eat, and then you wouldn't need all the diets. 0:13:52.880 --> 0:13:55.480 So what am I saying here? All of these diets, 0:13:55.520 --> 0:13:57.400 all these new fads and diets that pop all the time, 0:13:57.520 --> 0:14:01.760 are designed to help you man edge the fiat food 0:14:01.760 --> 0:14:05.120 system we have. It's all designed to help you manage 0:14:05.120 --> 0:14:07.960 eating fake food. If you ate real food, you wouldn't 0:14:08.000 --> 0:14:11.240 need that. Okay, Now what am I talking about here? 0:14:11.360 --> 0:14:15.760 How does this relate to money? Well, as you're probably 0:14:15.920 --> 0:14:19.440 aware by now, the government's roll the Federal Reserve and 0:14:19.480 --> 0:14:21.960 central banks around the world. Their goal or stated goal, 0:14:22.000 --> 0:14:23.240 they tell you all the time. Right now, they're trying 0:14:23.240 --> 0:14:25.880 to get inflation back down to what two percent? So 0:14:25.920 --> 0:14:29.440 their goal is to steal through inflation two percent of 0:14:29.480 --> 0:14:33.880 your wealth per year, ten percent every five years. 0:14:34.160 --> 0:14:34.720 That's their goal. 0:14:34.760 --> 0:14:36.720 Now it's been running way too hot, and that's of course, 0:14:36.760 --> 0:14:38.920 that's their fake goal. They said it was at nine 0:14:39.000 --> 0:14:41.400 percent at one point. It was probably closer to twenty five. 0:14:42.440 --> 0:14:45.120 It's now supposedly down to in the threes, but it's 0:14:45.120 --> 0:14:48.480 probably closer to ten, right, But that's their goal two percent. 0:14:48.880 --> 0:14:51.880 So think about this. You're not able to just go 0:14:51.920 --> 0:14:54.440 be the best heart surgeon or brain surgeon, or rocket 0:14:54.440 --> 0:14:57.240 scientist or contractor coach, whatever you are. You're not able 0:14:57.280 --> 0:15:00.560 to do that and then go save your money because 0:15:00.760 --> 0:15:04.080 they're causing inflation through printing money. They're stealing the value 0:15:04.080 --> 0:15:07.760 of your wealth because of that, Because your money is 0:15:07.760 --> 0:15:10.240 buying you less goods and services in the future instead 0:15:10.280 --> 0:15:14.880 of more, you're now forced to become an investor. Just 0:15:14.960 --> 0:15:19.200 like if you eat fake processed food, you're forced to 0:15:19.480 --> 0:15:22.560 now come up with start counting calories and do some 0:15:22.640 --> 0:15:27.000 diet fads. If you're in an inflationary monetary system, you're 0:15:27.160 --> 0:15:30.800 forced to go be an investor. If I had a 0:15:31.040 --> 0:15:33.400 sound money system, if I had a way to store 0:15:33.440 --> 0:15:35.960 my wealth in a way that couldn't be debased, that 0:15:36.040 --> 0:15:38.400 the value couldn't be stolen from me in a way 0:15:38.440 --> 0:15:40.600 that my money bought me more goods and service in 0:15:40.600 --> 0:15:43.560 the future instead of less. I wouldn't have to learn 0:15:43.920 --> 0:15:48.200 about investing and retirement planning. Now what does that mean. Well, 0:15:48.240 --> 0:15:51.080 that means that now instead of being a half whatever 0:15:51.200 --> 0:15:54.880 rocket scientist and a half or a half a radio 0:15:54.880 --> 0:15:58.520 host at this point, and then half investor, because if 0:15:58.520 --> 0:16:00.000 I'm focused on both, I'm not going to be very 0:16:00.120 --> 0:16:02.880 good at either, right, So instead of having to focus 0:16:02.960 --> 0:16:05.640 on both, I could just be the best whatever professional 0:16:05.720 --> 0:16:07.960 I am, and I could really start to work on 0:16:07.960 --> 0:16:10.240 that and excel at my craft, which is a net 0:16:10.240 --> 0:16:12.960 gain for the economy and for the world overall, because 0:16:12.960 --> 0:16:16.680 I wouldn't have to worry about investing. Now, some of 0:16:16.680 --> 0:16:18.400 you might be going, well, that's why I don't worry 0:16:18.400 --> 0:16:20.160 about investing. I just give my money to somebody else 0:16:20.160 --> 0:16:20.840 to invest for me. 0:16:21.200 --> 0:16:22.240 Sure, So then. 0:16:22.120 --> 0:16:25.840 We've built this entire Wall Street complex to help you 0:16:26.080 --> 0:16:29.160 invest your money, sort of like we built this entire 0:16:29.400 --> 0:16:32.400 diet food and diet complex. 0:16:32.000 --> 0:16:34.080 To help you eat fake processed food. 0:16:34.760 --> 0:16:36.840 But we wouldn't need that if we ate real food, 0:16:36.880 --> 0:16:40.320 and we wouldn't need the investment community or economy, if 0:16:40.360 --> 0:16:43.160 we just had sound money, all right, So that's the 0:16:43.160 --> 0:16:46.640 first thing, if we understood how the banking system works. 0:16:46.640 --> 0:16:49.600 So what we're being told is that, sure, in high school, 0:16:49.600 --> 0:16:51.280 we're going to teach you financial literacy, we're going to 0:16:51.400 --> 0:16:54.760 teach you about budgeting, saving, investing in retirement planning. But 0:16:54.760 --> 0:16:57.480 of course they don't all right now, what we can 0:16:57.520 --> 0:16:59.520 see just based off of that, so that was a 0:16:59.520 --> 0:17:01.400 little bit of a tangent to sort of break that down. 0:17:01.600 --> 0:17:04.680 When we look at what they teach for financial literacy 0:17:04.720 --> 0:17:08.639 around the world, we can see that Denmark, Norway, and Sweden, 0:17:09.160 --> 0:17:12.119 supposedly per the Information, are the best of the best 0:17:12.119 --> 0:17:15.920 of the best. The United States, unfortunately, I think, is 0:17:16.000 --> 0:17:20.040 ranked twenty four out of thirty six, which is pretty interesting. 0:17:21.200 --> 0:17:25.919 Now, why is that and does that really tell us 0:17:25.960 --> 0:17:26.600 what we want to see? 0:17:26.600 --> 0:17:28.879 As a matter of fact, in the United States, there 0:17:28.920 --> 0:17:33.520 are people who are actually against giving financial education out 0:17:33.760 --> 0:17:37.280 they think that it actually could do more harm than good. 0:17:37.560 --> 0:17:40.000 I want to tell you what they're talking about. We're 0:17:40.000 --> 0:17:41.480 going to break that down a minute, and then I 0:17:41.520 --> 0:17:46.080 want to break to some mind breaking, mind blowing stats 0:17:46.480 --> 0:17:49.360 of what the education system is happening, and then we'll 0:17:49.400 --> 0:17:52.000 talk about how technology changes this and fixes this. If 0:17:52.000 --> 0:17:53.720 you're just tuning in listening to the Mark Maas Show 0:17:54.359 --> 0:17:57.440 talking about how history's rhyming and we're seeing it play 0:17:57.480 --> 0:17:59.080 out right now, I gotta take a very quick break. 0:17:59.080 --> 0:18:01.119 We're going to be right back. Go way, I'll be 0:18:01.240 --> 0:18:02.240 right back, all. 0:18:02.240 --> 0:18:02.760 Right, Welcome back. 0:18:02.760 --> 0:18:04.680 If you just tune in, you're listening to the Markmas Show, 0:18:04.680 --> 0:18:07.840 we're talking about how history is rhyming. We're always seeing 0:18:07.840 --> 0:18:10.040 at rhyming. I talk about cycles a lot, and we're 0:18:10.040 --> 0:18:12.760 talking about how five hundred years ago, with the separation 0:18:12.800 --> 0:18:15.080 of the church and state, when the printing press brought 0:18:15.160 --> 0:18:19.800 bibles out, how that is rhyming today. And we're talking 0:18:19.800 --> 0:18:23.080 about it from a financial lens all right now. Before 0:18:23.119 --> 0:18:27.520 the break, I was making the case that financial literacy 0:18:27.560 --> 0:18:29.080 and the way that we look at it through education 0:18:29.240 --> 0:18:32.040 is false in the first place, just as false it 0:18:32.119 --> 0:18:34.679 as do have a diet training. If you just ate 0:18:34.760 --> 0:18:36.600 real food, you wouldn't have to worry about it, And 0:18:36.760 --> 0:18:39.760 same with our financial education of learning how to invest 0:18:40.000 --> 0:18:41.800 is like I wouldn't need to do that if my 0:18:41.840 --> 0:18:45.080 money just held its value. But let's table that for 0:18:45.160 --> 0:18:47.000