1 00:00:00,120 --> 00:00:02,560 Speaker 1: Hello, Welcome back to another episode of The Mark Mas Show. 2 00:00:02,560 --> 00:00:05,240 Speaker 1: Where we always talk about the decentralized revolution. 3 00:00:06,120 --> 00:00:07,080 Speaker 2: What does that even mean? 4 00:00:07,160 --> 00:00:09,920 Speaker 1: That means the world is changing, and it's changing because 5 00:00:09,920 --> 00:00:12,479 Speaker 1: of technology. It's always what changes the world, and we're 6 00:00:12,480 --> 00:00:16,600 Speaker 1: talking about the decentralized technology which is causing a decentralized revolution. 7 00:00:16,640 --> 00:00:18,319 Speaker 1: We see it happening all over and of course we 8 00:00:18,320 --> 00:00:21,520 Speaker 1: look at through lens of politics, finance, and technology, and 9 00:00:21,600 --> 00:00:24,360 Speaker 1: we have a lot to cover in this episode, talking 10 00:00:24,360 --> 00:00:27,159 Speaker 1: about how the world is changing with one of the 11 00:00:27,200 --> 00:00:30,280 Speaker 1: big superpowers of the world, China, seems to be having 12 00:00:30,360 --> 00:00:32,559 Speaker 1: some big problems, some big shows. We're going to talk 13 00:00:32,560 --> 00:00:35,479 Speaker 1: about that. We're going to talk about how Argentina, our 14 00:00:35,520 --> 00:00:38,400 Speaker 1: neighbors in the South Latin America are changing with pro 15 00:00:38,479 --> 00:00:42,280 Speaker 1: bitcoin politicians running. We're going to talk about some new 16 00:00:42,560 --> 00:00:45,240 Speaker 1: surveillance laws that are being past the United States and 17 00:00:45,320 --> 00:00:47,720 Speaker 1: what the Fed and the economy is up to. So 18 00:00:47,840 --> 00:00:50,640 Speaker 1: much to cover in this episode, so don't go away. 19 00:00:50,680 --> 00:00:52,000 Speaker 1: You're going to make sure you listen to it. If 20 00:00:52,000 --> 00:00:53,559 Speaker 1: you do miss any of it, don't where I got 21 00:00:53,560 --> 00:00:55,440 Speaker 1: your back. You can check it out on the podcast. 22 00:00:55,560 --> 00:00:58,560 Speaker 1: Just search the Mark Mas Show on your favorite podcast player. 23 00:00:58,640 --> 00:01:01,400 Speaker 1: You can also watch it on YouTube. Just search Market 24 00:01:01,440 --> 00:01:04,160 Speaker 1: Disruptors on YouTube and you can find it all there. 25 00:01:04,480 --> 00:01:06,560 Speaker 1: But in regards to bitcoin, so much has been going 26 00:01:06,600 --> 00:01:10,080 Speaker 1: on this week in the space. As always, First of all, 27 00:01:10,120 --> 00:01:12,199 Speaker 1: with the price, I don't typically talk about the price 28 00:01:12,200 --> 00:01:15,480 Speaker 1: because I think it's the least interesting part of bitcoin. 29 00:01:16,000 --> 00:01:17,280 Speaker 2: The price will take care of itself. 30 00:01:17,319 --> 00:01:19,680 Speaker 1: It's really the development that's going on the network and 31 00:01:20,080 --> 00:01:22,560 Speaker 1: in the world that is really interesting to me. But 32 00:01:22,640 --> 00:01:25,360 Speaker 1: in regards to the price, the price of bitcoin is 33 00:01:25,400 --> 00:01:26,720 Speaker 1: a little bit down right now. 34 00:01:26,800 --> 00:01:27,000 Speaker 2: Now. 35 00:01:27,120 --> 00:01:28,680 Speaker 1: It's not that I really care about that, because I 36 00:01:28,720 --> 00:01:30,560 Speaker 1: believe that the long term value is going up, But 37 00:01:30,600 --> 00:01:33,200 Speaker 1: what is it telling us about the rest of the market. 38 00:01:33,400 --> 00:01:38,520 Speaker 1: You see, Bitcoin typically moves before everything else. So, for example, 39 00:01:38,680 --> 00:01:42,120 Speaker 1: in November of twenty twenty one, before the FED announced 40 00:01:42,120 --> 00:01:44,440 Speaker 1: they're gonna start tapering, you saw Bitcoin start selling off. 41 00:01:44,920 --> 00:01:49,279 Speaker 1: Then shortly thereafter you saw Nasdaq, which the tech stocks, 42 00:01:49,360 --> 00:01:51,240 Speaker 1: sell off. But it wasn't until a few months later 43 00:01:51,240 --> 00:01:54,400 Speaker 1: the FED actually started taking action and started to taper 44 00:01:54,440 --> 00:01:57,120 Speaker 1: into tighten economic system. And so you can see Bitcoin 45 00:01:57,200 --> 00:02:00,560 Speaker 1: starts to move before even the highly volatile tech stocks do. 46 00:02:01,080 --> 00:02:03,360 Speaker 1: And so right now, bitcoin seems to be getting in 47 00:02:03,360 --> 00:02:06,240 Speaker 1: a little bit weak, and so is that just part 48 00:02:06,240 --> 00:02:07,480 Speaker 1: of the volatility of it going. 49 00:02:07,400 --> 00:02:11,480 Speaker 2: Up and down, or could it be sniffing out something else. Well, 50 00:02:11,560 --> 00:02:12,360 Speaker 2: I'll dig into. 51 00:02:12,200 --> 00:02:14,320 Speaker 1: More on that later. It's just something I've been watching. 52 00:02:14,360 --> 00:02:16,840 Speaker 1: But like I said, the price is really the least 53 00:02:16,880 --> 00:02:20,360 Speaker 1: important or the least interesting piece in my mind, because 54 00:02:20,360 --> 00:02:23,359 Speaker 1: there's so many other big things going on, like, for example, 55 00:02:23,840 --> 00:02:26,639 Speaker 1: seeing how it's changing the rest of the world. Down 56 00:02:26,680 --> 00:02:30,200 Speaker 1: in Argentina. We hear I talk about Argentina quite a bit. 57 00:02:30,240 --> 00:02:31,440 Speaker 1: There's been suffering. 58 00:02:31,080 --> 00:02:34,120 Speaker 2: From massive amounts of inflation. Massive. 59 00:02:34,120 --> 00:02:36,359 Speaker 1: When I'm talking massive, I'm talking about double to triple 60 00:02:36,520 --> 00:02:40,280 Speaker 1: digit inflation. I'm talking about over one hundred percent inflation 61 00:02:40,400 --> 00:02:43,280 Speaker 1: down there, and the whole country's breaking apart because of this. 62 00:02:43,560 --> 00:02:46,120 Speaker 1: In addition, it's not just Argentina on its own, of course, 63 00:02:46,919 --> 00:02:50,320 Speaker 1: most of Latin America is also in similar situations, maybe 64 00:02:50,400 --> 00:02:55,000 Speaker 1: not as extreme, but that's what that's causing. In most 65 00:02:55,040 --> 00:02:59,960 Speaker 1: of the other countries is obviously populous uprising regime chain 66 00:03:00,160 --> 00:03:02,480 Speaker 1: that means the government changes. But unfortunately, what we've seen 67 00:03:02,480 --> 00:03:06,200 Speaker 1: in Chile, what we've seen in Nicaragua, what we've seen 68 00:03:06,240 --> 00:03:12,080 Speaker 1: in Colombia is they've adopted a communist government, so it 69 00:03:12,160 --> 00:03:15,760 Speaker 1: leads to a regime change, and unfortunately they're swinging to communism, 70 00:03:16,160 --> 00:03:19,160 Speaker 1: but Argentina seems to be swinging the other way. As 71 00:03:19,160 --> 00:03:24,519 Speaker 1: a matter of fact, there's a pro bitcoin libertarian candidate 72 00:03:24,840 --> 00:03:29,560 Speaker 1: named Javier Milai if I say that right, Millie, and 73 00:03:29,680 --> 00:03:33,720 Speaker 1: he just won the Argentine presidential primary in a landslide. 74 00:03:33,880 --> 00:03:36,720 Speaker 1: Over ninety percent of the votes were counted and he's 75 00:03:36,800 --> 00:03:40,040 Speaker 1: leading with thirty two percent of the vote, which obviously 76 00:03:40,080 --> 00:03:42,200 Speaker 1: is not over fifty percent, but that's because there's multiple people. 77 00:03:42,280 --> 00:03:44,560 Speaker 1: Unlike the US with the two party system. He has 78 00:03:44,600 --> 00:03:48,440 Speaker 1: thirty two percent, trailed by the Conservative Party with thirty 79 00:03:48,480 --> 00:03:50,440 Speaker 1: percent of the vote and the other party I think 80 00:03:50,440 --> 00:03:52,960 Speaker 1: as like twenty seven percent of the vote. Now he 81 00:03:53,800 --> 00:03:57,880 Speaker 1: Javier identifies himself as an anarcho capitalist, so basically what 82 00:03:57,920 --> 00:04:02,360 Speaker 1: that means is anarcho so kind of free markets, if 83 00:04:02,360 --> 00:04:03,560 Speaker 1: you will, it's an easy way to say it. Not 84 00:04:03,640 --> 00:04:05,840 Speaker 1: anarchyas and everybody's trying to kill each other, but more 85 00:04:05,880 --> 00:04:08,760 Speaker 1: in just like an open free market. And he's been 86 00:04:09,080 --> 00:04:12,800 Speaker 1: hard on the Central Bank of Argentina, basically saying that 87 00:04:12,840 --> 00:04:15,840 Speaker 1: he wants to abolish the central Bank, not unlike what 88 00:04:16,480 --> 00:04:19,000 Speaker 1: Ron Paul ran on when he started running on in 89 00:04:19,040 --> 00:04:21,760 Speaker 1: the FED campaign, but he called the central bank a scam, 90 00:04:21,880 --> 00:04:27,040 Speaker 1: which it is. Again, like I said, he's for pro bitcoin. 91 00:04:27,279 --> 00:04:30,200 Speaker 1: He aligns with what we call the Austrian school economics. 92 00:04:30,640 --> 00:04:33,839 Speaker 1: He says that Argentina is a tax hell and he 93 00:04:33,920 --> 00:04:37,680 Speaker 1: wants to greatly reduce, swiftly reduce the size of the 94 00:04:37,720 --> 00:04:40,520 Speaker 1: government and the government spending in order to achieve a 95 00:04:40,520 --> 00:04:43,480 Speaker 1: balanced budget. What I think is really interesting about this 96 00:04:43,960 --> 00:04:46,680 Speaker 1: is that there was a quote that I used in 97 00:04:46,680 --> 00:04:50,359 Speaker 1: an earlier segment, and it was from the eighteen hundreds, 98 00:04:50,480 --> 00:04:53,920 Speaker 1: and it said a democracy cannot exist as a permanent 99 00:04:53,960 --> 00:04:54,760 Speaker 1: form of government. 100 00:04:55,160 --> 00:04:56,000 Speaker 2: It can only. 101 00:04:55,800 --> 00:05:00,440 Speaker 1: Exist until the majority discovers that can vote itself progress 102 00:05:00,480 --> 00:05:04,320 Speaker 1: out of the public treasury. After that, the majority always 103 00:05:04,400 --> 00:05:08,039 Speaker 1: votes for the candidate promising the most benefits, with the 104 00:05:08,080 --> 00:05:12,360 Speaker 1: result the democracy eventually collapses. That was written by Alexander 105 00:05:12,400 --> 00:05:16,240 Speaker 1: Fraser Tyler in the late seventeen hundreds, and so what 106 00:05:16,279 --> 00:05:19,040 Speaker 1: he's saying is that democracy will always fail because once 107 00:05:19,080 --> 00:05:21,880 Speaker 1: people realize they can vote for more stuff than every 108 00:05:22,040 --> 00:05:23,799 Speaker 1: candidate is going to have to promise more stuff. 109 00:05:24,560 --> 00:05:25,560 Speaker 2: And I've always. 110 00:05:25,279 --> 00:05:29,040 Speaker 1: Believed that to be true. What politician is going to 111 00:05:29,160 --> 00:05:32,080 Speaker 1: run on a platform to take away benefits from people, 112 00:05:32,120 --> 00:05:34,240 Speaker 1: and if they do, they're probably not going to win. 113 00:05:35,240 --> 00:05:39,400 Speaker 1: But here we have in Argentina a candidate running on 114 00:05:39,600 --> 00:05:44,120 Speaker 1: that campaign and looks like he's winning. Potentially shift what 115 00:05:44,160 --> 00:05:46,800 Speaker 1: we've seen now may potentially that's because Argentina is so 116 00:05:47,000 --> 00:05:49,320 Speaker 1: bad off, the pain is so high that people are 117 00:05:49,400 --> 00:05:51,919 Speaker 1: begging for any type of solution. Maybe the pain is 118 00:05:51,960 --> 00:05:54,919 Speaker 1: so high the Internet has educated enough people where they 119 00:05:54,960 --> 00:05:56,440 Speaker 1: start to see that, hey, we need to. 120 00:05:56,440 --> 00:05:57,200 Speaker 2: Reduce these things. 121 00:05:57,360 --> 00:05:59,440 Speaker 1: Or maybe it's because he only requires thirty percent of 122 00:05:59,520 --> 00:06:01,840 Speaker 1: vote that he's able to get this. I'm not really sure, 123 00:06:01,839 --> 00:06:05,520 Speaker 1: but it's interesting to watch. But as Argentina, like I said, 124 00:06:05,640 --> 00:06:09,719 Speaker 1: is fighting serious series problems, mostly with their money, mostly 125 00:06:09,760 --> 00:06:13,480 Speaker 1: around inflation, maybe he has a chance. We'll find out. 126 00:06:14,839 --> 00:06:18,640 Speaker 1: The presidential election will be held October twenty second, and 127 00:06:18,720 --> 00:06:21,080 Speaker 1: if no candidate secure is at least forty five percent 128 00:06:21,080 --> 00:06:23,840 Speaker 1: of the votes, then they have like a runoff, and 129 00:06:23,880 --> 00:06:25,840 Speaker 1: so we'll see what happens. That'll be in November. We'll 130 00:06:25,839 --> 00:06:27,359 Speaker 1: definitely keep an eye on out. I'll be keeping you 131 00:06:27,400 --> 00:06:29,880 Speaker 1: up to date. But another source of news down in 132 00:06:30,279 --> 00:06:33,280 Speaker 1: Latin America is El Salvador. Now, of course I've talked 133 00:06:33,320 --> 00:06:36,680 Speaker 1: about El Salvador extensively because they were the first nation 134 00:06:36,800 --> 00:06:41,280 Speaker 1: to adopt bitcoin as a reserve as a legal tender. 135 00:06:41,480 --> 00:06:43,560 Speaker 1: I've been down to l Salvador. You can use bitcoin 136 00:06:43,640 --> 00:06:46,520 Speaker 1: everywhere in the country. It's pretty cool now. A lot 137 00:06:46,560 --> 00:06:50,279 Speaker 1: of people from the IMF International Mantrey Fund in the BIS, 138 00:06:50,320 --> 00:06:52,719 Speaker 1: even the United States are not happy about this at all. 139 00:06:52,880 --> 00:06:55,159 Speaker 1: Of course, they want everyone to use the dollar, and 140 00:06:55,200 --> 00:06:58,200 Speaker 1: they've tried everything they can throw at El Salvador to 141 00:06:58,279 --> 00:07:01,920 Speaker 1: shake them off of this, including threatening them, taking away 142 00:07:01,920 --> 00:07:06,120 Speaker 1: their funding, opening investigations, I mean, all kinds of things, 143 00:07:06,200 --> 00:07:09,720 Speaker 1: trying to bring them back onto the dollar system, which 144 00:07:09,720 --> 00:07:12,880 Speaker 1: they haven't left the dollar system, but they're also using bitcoin. 145 00:07:13,120 --> 00:07:15,640 Speaker 2: But interesting enough, defining all odds. 146 00:07:15,720 --> 00:07:19,680 Speaker 1: In spite of all that, President Bukele has stayed strong 147 00:07:19,760 --> 00:07:23,000 Speaker 1: with his vision and it's working. Not only is it 148 00:07:23,040 --> 00:07:27,040 Speaker 1: working in monetary ways, is also happening in society where 149 00:07:27,080 --> 00:07:30,240 Speaker 1: he's cleaned up. So he's cleaned up the entire country. 150 00:07:30,760 --> 00:07:33,440 Speaker 1: Crime rates are at historic loths. 151 00:07:33,680 --> 00:07:35,080 Speaker 2: People are feeling more free. 152 00:07:34,920 --> 00:07:37,120 Speaker 1: More happy, more positive about the future than ever before. 153 00:07:37,640 --> 00:07:40,440 Speaker 1: But the country itself is turning around. We have massive 154 00:07:40,440 --> 00:07:42,640 Speaker 1: amounts of investment capital that have moved in the country, 155 00:07:42,880 --> 00:07:45,320 Speaker 1: massive amounts of businesses and entrepreneurs have stepped in to 156 00:07:45,360 --> 00:07:49,440 Speaker 1: create businesses. And now what we've seen is their bonds, 157 00:07:49,480 --> 00:07:51,920 Speaker 1: the government debt, at a time when all the other 158 00:07:51,960 --> 00:07:55,560 Speaker 1: world's bonds are going down and crashing, their bonds have 159 00:07:55,680 --> 00:07:57,160 Speaker 1: performed the best. As a matter of fact, they have 160 00:07:57,240 --> 00:08:02,240 Speaker 1: seventy percent returns, the best among denominated bonds from emerging 161 00:08:02,240 --> 00:08:06,160 Speaker 1: markets that we've seen this year. So this is a 162 00:08:06,160 --> 00:08:08,120 Speaker 1: big deal. Not only, like I said, are they turning 163 00:08:08,160 --> 00:08:09,640 Speaker 1: the country around. Not only are they getting all this 164 00:08:09,640 --> 00:08:12,920 Speaker 1: investment capital. Not only are the people happier and more optimistic, 165 00:08:13,080 --> 00:08:16,200 Speaker 1: but now they have the best performing bonds in the world. 166 00:08:16,320 --> 00:08:17,480 Speaker 2: We'll see how that plays out. Now. 167 00:08:17,480 --> 00:08:20,320 Speaker 1: What I hope is that other countries are going to 168 00:08:20,360 --> 00:08:23,560 Speaker 1: watch this and say, shoot, we would like our country 169 00:08:23,600 --> 00:08:25,720 Speaker 1: to do better. We would like to tract a lot 170 00:08:25,760 --> 00:08:28,800 Speaker 1: of investment capital, We would like our bonds to outperform. 171 00:08:29,000 --> 00:08:32,160 Speaker 1: Maybe we should also adopt bitcoin. That's what we call 172 00:08:32,679 --> 00:08:36,600 Speaker 1: game theory. You know, it's interesting because you have Nicaragua 173 00:08:36,800 --> 00:08:39,200 Speaker 1: right you know, their next door neighbor who as I said, 174 00:08:39,240 --> 00:08:42,320 Speaker 1: went communists, and so we're getting to watch these two 175 00:08:42,520 --> 00:08:45,520 Speaker 1: in action right next to each other. My number, my 176 00:08:45,840 --> 00:08:48,200 Speaker 1: money's on El Salvador. What about yours. If you're just 177 00:08:48,200 --> 00:08:50,079 Speaker 1: tune in, you're listening to the Mark mas Show. We're 178 00:08:50,080 --> 00:08:53,080 Speaker 1: talking about, of course, the decentralized Revolution. I'm breaking down 179 00:08:53,080 --> 00:08:55,480 Speaker 1: some of the latest breaking news headlines this week, so 180 00:08:55,520 --> 00:08:58,199 Speaker 1: you can understand from a play by play from the 181 00:08:58,240 --> 00:09:01,800 Speaker 1: lens of politics, finance, and technology, exactly how the world 182 00:09:01,840 --> 00:09:04,080 Speaker 1: is changing and what you should be doing to stay 183 00:09:04,240 --> 00:09:07,160 Speaker 1: one step ahead of this as at all unfolds. Now. 184 00:09:07,160 --> 00:09:08,680 Speaker 1: I got to take a quick break, but I'm gonna 185 00:09:08,679 --> 00:09:11,280 Speaker 1: come back. I'm gonna talk about China because China is hurting. 186 00:09:11,400 --> 00:09:12,880 Speaker 1: We're gonna come back. We're gonna talk about some new 187 00:09:12,920 --> 00:09:16,319 Speaker 1: surveillance the government is putting in on you and your corporations. 188 00:09:16,440 --> 00:09:18,240 Speaker 1: Then we'll talk about the FED and the economy. So 189 00:09:18,360 --> 00:09:20,080 Speaker 1: much to cover when I come back. Don't go away, 190 00:09:20,160 --> 00:09:26,679 Speaker 1: I'll be right back, all right, Welcome back. If you 191 00:09:26,760 --> 00:09:28,600 Speaker 1: just tune in, you're listening to the Mark Moss Show, 192 00:09:29,000 --> 00:09:31,640 Speaker 1: always talking about the decentralized revolution, how the world is 193 00:09:31,720 --> 00:09:37,320 Speaker 1: breaking apart from a multipolar global US dollar backed homogeny 194 00:09:37,480 --> 00:09:43,000 Speaker 1: to now a jewel polar, tripolar, multipolar world. Of course, 195 00:09:43,040 --> 00:09:45,720 Speaker 1: we can see this with Russia and China rising up. 196 00:09:45,920 --> 00:09:48,600 Speaker 1: The rise of the South breaks all of these things. 197 00:09:49,640 --> 00:09:51,480 Speaker 1: You know, a lot of eyes are on China right 198 00:09:51,480 --> 00:09:53,560 Speaker 1: now for a lot of different reasons. All of a sudden, 199 00:09:53,600 --> 00:09:55,800 Speaker 1: you know, it looks like the Ukraine War is sort 200 00:09:55,840 --> 00:09:57,600 Speaker 1: of a lost cause at this point. I don't think 201 00:09:57,640 --> 00:10:00,600 Speaker 1: there's many people that believe we can whole lot of that. 202 00:10:01,240 --> 00:10:04,440 Speaker 1: We even have mainstream press who've been cheering and championing 203 00:10:04,520 --> 00:10:07,199 Speaker 1: the Ukraine situation are now starting to change their tune. 204 00:10:07,880 --> 00:10:08,800 Speaker 2: And as that's. 205 00:10:08,600 --> 00:10:12,120 Speaker 1: Looking to wind down, it looks like the neocons, the 206 00:10:12,160 --> 00:10:14,280 Speaker 1: warmongers in the US are now looking at China. 207 00:10:14,320 --> 00:10:15,679 Speaker 2: I guess we got to go over with China. 208 00:10:15,720 --> 00:10:17,480 Speaker 1: And so, of course there's all the stuff going on 209 00:10:17,520 --> 00:10:19,319 Speaker 1: in the South China Sea, the Taiwan. 210 00:10:20,040 --> 00:10:21,120 Speaker 2: We have China and. 211 00:10:21,120 --> 00:10:25,000 Speaker 1: Russia doing joint exercises together near Alaska. There's a lot 212 00:10:25,080 --> 00:10:29,440 Speaker 1: going on. But at the time when we're thinking now, 213 00:10:29,679 --> 00:10:32,680 Speaker 1: not we, certainly not you and I, the neocons, the 214 00:10:32,679 --> 00:10:37,319 Speaker 1: warmongers want to start looking at China as the next enemy. 215 00:10:37,440 --> 00:10:38,599 Speaker 2: What have they done. 216 00:10:40,000 --> 00:10:47,319 Speaker 1: They've gone into economic beneficial relationships with other nations. They've 217 00:10:47,360 --> 00:10:51,640 Speaker 1: outstrategized the United States. That's a whole different topic for 218 00:10:51,679 --> 00:10:52,760 Speaker 1: a whole in other day. If you want to break 219 00:10:52,800 --> 00:10:54,320 Speaker 1: that down, let me know, hit me up on social media, 220 00:10:54,400 --> 00:10:58,720 Speaker 1: let me know. But it looks like China might be 221 00:10:58,880 --> 00:11:02,320 Speaker 1: actually breaking up apart from the inside. So at a 222 00:11:02,360 --> 00:11:04,480 Speaker 1: time when the US seems to be wanting to or 223 00:11:04,520 --> 00:11:06,480 Speaker 1: some people in the US I should say, want to 224 00:11:06,480 --> 00:11:09,120 Speaker 1: point their attention to China and why we need to 225 00:11:09,160 --> 00:11:11,960 Speaker 1: stop their rise. You know, attacks from Trump started with 226 00:11:12,000 --> 00:11:14,720 Speaker 1: the global tariffs, the trade wars. You know, Biden went 227 00:11:14,800 --> 00:11:18,640 Speaker 1: on with the chip wars and now potentially hot wars. 228 00:11:18,760 --> 00:11:22,040 Speaker 1: Framing up China could be imploding from the inside. We 229 00:11:22,080 --> 00:11:25,480 Speaker 1: know there's lots of problems. For example, they're demographics, that's 230 00:11:25,640 --> 00:11:28,080 Speaker 1: the people, the age of the people specifically, and what 231 00:11:28,120 --> 00:11:30,440 Speaker 1: we can see from their numbers that they report through 232 00:11:30,480 --> 00:11:33,080 Speaker 1: the census is that they have way too many old 233 00:11:33,080 --> 00:11:35,599 Speaker 1: people and not enough young people. And so this is 234 00:11:35,679 --> 00:11:38,840 Speaker 1: just a game of math. In the next twenty five years, 235 00:11:39,240 --> 00:11:43,640 Speaker 1: about half of their population will be gone, just timed out, 236 00:11:43,800 --> 00:11:45,800 Speaker 1: and they don't have enough young people coming up. Part 237 00:11:45,800 --> 00:11:47,360 Speaker 1: of the reason why is because they had a one 238 00:11:47,600 --> 00:11:51,959 Speaker 1: child policy for like three decades, and so what China 239 00:11:52,000 --> 00:11:54,640 Speaker 1: really needs right now desperately is like twenty and thirty 240 00:11:54,720 --> 00:11:57,160 Speaker 1: year olds that can help pay for the old people. 241 00:11:57,640 --> 00:11:58,560 Speaker 2: But they can't. They can't. 242 00:11:58,720 --> 00:12:00,520 Speaker 1: They can't get there, snap their finger and get that. 243 00:12:01,080 --> 00:12:03,160 Speaker 1: So that's a big problem. But they also have a 244 00:12:03,160 --> 00:12:05,760 Speaker 1: big problem with their debt. As a matter of fact, 245 00:12:06,080 --> 00:12:09,000 Speaker 1: China has had the has been the darling story of 246 00:12:09,000 --> 00:12:11,280 Speaker 1: the world. How fast they've risen, how the fast they've 247 00:12:11,280 --> 00:12:14,560 Speaker 1: moved people from the farms into the cities, the amount 248 00:12:14,559 --> 00:12:16,319 Speaker 1: of economic growth they've been able to have year over 249 00:12:16,360 --> 00:12:19,840 Speaker 1: year of year. But everybody knows it's because they're printing 250 00:12:19,920 --> 00:12:21,920 Speaker 1: endless amounts of money and debt in order to do that. 251 00:12:22,360 --> 00:12:24,600 Speaker 1: All the stories that we've seen over the years, and 252 00:12:24,640 --> 00:12:30,080 Speaker 1: I've talked about of them building entire ghost cities just 253 00:12:30,160 --> 00:12:33,120 Speaker 1: so they can keep people busy working. I mean, if 254 00:12:33,120 --> 00:12:36,160 Speaker 1: you bring millions and millions and millions, tens and hundreds 255 00:12:36,160 --> 00:12:40,280 Speaker 1: of millions of people from the rice paddies into the cities, 256 00:12:40,640 --> 00:12:42,280 Speaker 1: what are these people going to do? Well, we got 257 00:12:42,320 --> 00:12:43,959 Speaker 1: to put them to work, and so they just build 258 00:12:44,040 --> 00:12:47,360 Speaker 1: let's build bridges, let's build roads, let's build trains, and 259 00:12:47,400 --> 00:12:50,360 Speaker 1: so we have bridges and roads that go to nowhere. 260 00:12:51,080 --> 00:12:55,360 Speaker 1: We have cities that were built with no people. Then 261 00:12:55,720 --> 00:12:57,560 Speaker 1: well we're out of work, so let's just tear the 262 00:12:57,600 --> 00:12:59,559 Speaker 1: whole thing down and let's just rebuild it again. And 263 00:12:59,640 --> 00:13:01,480 Speaker 1: so they've done things like this in order to keep 264 00:13:01,520 --> 00:13:06,080 Speaker 1: things going and really manipulate what they show as growth. 265 00:13:06,280 --> 00:13:08,840 Speaker 1: But it looks like that could all be starting to 266 00:13:08,880 --> 00:13:11,920 Speaker 1: come back and really bite them in the rear end 267 00:13:12,000 --> 00:13:15,000 Speaker 1: if you catch my drift. We can see that their 268 00:13:15,040 --> 00:13:19,840 Speaker 1: economy is now slipping into deflation, which of course everyone 269 00:13:19,880 --> 00:13:23,040 Speaker 1: else is struggling with with inflation. Right now, they're struggling 270 00:13:23,040 --> 00:13:25,720 Speaker 1: with deflation, which again, as I was saying, is pretty 271 00:13:25,800 --> 00:13:29,120 Speaker 1: amazing because they've been the growth darling for the last 272 00:13:29,120 --> 00:13:32,320 Speaker 1: few decades. We can see that we can already see 273 00:13:32,360 --> 00:13:34,480 Speaker 1: this starting to happen in China at a time when 274 00:13:34,840 --> 00:13:37,040 Speaker 1: we also know that they're really not reporting the whole 275 00:13:37,080 --> 00:13:39,520 Speaker 1: truth to us. We can see that July's consumer price 276 00:13:39,520 --> 00:13:44,360 Speaker 1: index showed prices falling about half a percent year over year, 277 00:13:44,400 --> 00:13:49,160 Speaker 1: with core inflation rising, producer prices contracted about four and 278 00:13:49,200 --> 00:13:52,520 Speaker 1: a half percent. We have slowing consumer demand in China 279 00:13:53,080 --> 00:13:58,880 Speaker 1: combined with their property markets dropping dropping rapidly, then that's 280 00:13:58,920 --> 00:14:03,360 Speaker 1: causing fail falling exports, and it's pushing manufacturers to cut 281 00:14:03,400 --> 00:14:06,120 Speaker 1: prices to get rid of excess stock. So as they 282 00:14:06,160 --> 00:14:11,120 Speaker 1: cut those prices, it's causing deflation. Now China, you know, 283 00:14:11,800 --> 00:14:14,600 Speaker 1: they had locked their whole country down on kind of 284 00:14:14,600 --> 00:14:17,200 Speaker 1: a pandemic two point zero, if you will, and a 285 00:14:17,200 --> 00:14:20,080 Speaker 1: lot of economists, global economists kept waiting for China to 286 00:14:20,120 --> 00:14:22,560 Speaker 1: reopen and China to reopen, and China reopen, and the 287 00:14:22,600 --> 00:14:25,280 Speaker 1: story was as soon as they reopened, all that global 288 00:14:25,320 --> 00:14:28,800 Speaker 1: demand would come back for oil and for concrete and 289 00:14:28,840 --> 00:14:31,480 Speaker 1: for all these commodities and goods. But that's just not 290 00:14:31,600 --> 00:14:35,680 Speaker 1: the case. China is now finding themselves in a recessionary, 291 00:14:35,680 --> 00:14:38,840 Speaker 1: in a deflationary recession, and it looks like it could 292 00:14:38,880 --> 00:14:41,840 Speaker 1: be spiraling out of control. Now we don't know for sure, because, 293 00:14:41,880 --> 00:14:43,560 Speaker 1: like I said, they don't want to. 294 00:14:43,760 --> 00:14:46,440 Speaker 2: Give us all the real info. I mean, what government does. 295 00:14:46,480 --> 00:14:49,400 Speaker 1: What government can we really trust with information today anyway, 296 00:14:49,520 --> 00:14:51,520 Speaker 1: which we really can't. But what we can see is 297 00:14:51,520 --> 00:14:54,800 Speaker 1: that their currency is getting very, very weak, So we 298 00:14:54,840 --> 00:14:56,760 Speaker 1: can measure that against the dollar, and we can see 299 00:14:56,800 --> 00:14:59,240 Speaker 1: how fast that's dropping now. Part of that is because 300 00:14:59,240 --> 00:15:02,120 Speaker 1: they needed to be so they can try to sell 301 00:15:02,480 --> 00:15:05,160 Speaker 1: more of their goods and services. So that's just back 302 00:15:05,200 --> 00:15:08,160 Speaker 1: to kind of like Trump with the trade wars. So 303 00:15:08,440 --> 00:15:11,720 Speaker 1: countries will manipulate their currencies in order to make their 304 00:15:11,760 --> 00:15:15,840 Speaker 1: goods more attractive. If the Chinese goods are cheaper, hopefully 305 00:15:15,920 --> 00:15:18,880 Speaker 1: more people buy them. When they become more expensive, less 306 00:15:18,880 --> 00:15:21,080 Speaker 1: people buy them, and so they'll manipulate the currency to 307 00:15:21,120 --> 00:15:23,560 Speaker 1: try to bring the value down more people buy them, 308 00:15:23,720 --> 00:15:26,120 Speaker 1: and so we can see this happening, and you have 309 00:15:26,200 --> 00:15:29,240 Speaker 1: to figure that's most likely why that's happening. We can 310 00:15:29,280 --> 00:15:32,680 Speaker 1: also see that they have reports of record level of 311 00:15:32,720 --> 00:15:38,000 Speaker 1: youth unemployment and then they stopped reporting on the metric. 312 00:15:38,640 --> 00:15:42,920 Speaker 1: So China suspended the release of monthly data on unemployment 313 00:15:43,520 --> 00:15:48,000 Speaker 1: specifically among young people after the figure hit consecutive record 314 00:15:48,240 --> 00:15:51,280 Speaker 1: highs in just the last couple of months. So they're 315 00:15:51,320 --> 00:15:54,520 Speaker 1: already going through a broad economic slump. Now they're getting 316 00:15:54,560 --> 00:15:58,920 Speaker 1: massive amounts of joblessness specifically around among young people. From 317 00:15:58,960 --> 00:16:01,320 Speaker 1: April to June, we saw the jobless rate for sixteen 318 00:16:01,320 --> 00:16:06,160 Speaker 1: to twenty year olds reached twenty point four percent twenty 319 00:16:06,200 --> 00:16:09,960 Speaker 1: point eight percent and twenty one point three percent, respectively. 320 00:16:10,640 --> 00:16:11,600 Speaker 2: That's pretty high. 321 00:16:12,200 --> 00:16:15,760 Speaker 1: USS has record low unemployment about three and a half percent. 322 00:16:16,680 --> 00:16:20,920 Speaker 1: China is over twenty one percent. There's a record eleven 323 00:16:21,120 --> 00:16:24,480 Speaker 1: and a half million college graduates who are looking for 324 00:16:24,520 --> 00:16:27,120 Speaker 1: a job. Now, let's see, so we had a one 325 00:16:27,200 --> 00:16:30,200 Speaker 1: child policy for a few decades. So in the one 326 00:16:30,280 --> 00:16:32,320 Speaker 1: child policy, everybody want to have a boy, not a girl. 327 00:16:32,480 --> 00:16:33,800 Speaker 1: We need to have a boy so the boy can 328 00:16:33,880 --> 00:16:35,240 Speaker 1: work and make money and take care of me when 329 00:16:35,280 --> 00:16:39,120 Speaker 1: I get old. So we don't know exactly, but we 330 00:16:39,160 --> 00:16:43,320 Speaker 1: know we've heard records of millions of girls literally being 331 00:16:43,800 --> 00:16:46,680 Speaker 1: born and killed at the bedside because the parents didn't 332 00:16:46,680 --> 00:16:46,920 Speaker 1: want them. 333 00:16:46,960 --> 00:16:49,560 Speaker 2: They wanted the boy. So what we have is we 334 00:16:49,600 --> 00:16:52,880 Speaker 2: have a lot of boys with no girls. That's the problem. 335 00:16:53,360 --> 00:16:56,280 Speaker 1: Now we have a lot of boys without jobs, without girls. 336 00:16:56,520 --> 00:17:01,040 Speaker 1: That's the problem, and that leads to massive societals. Like 337 00:17:01,080 --> 00:17:02,960 Speaker 1: I said, we have big problems in the real estate sector. 338 00:17:03,720 --> 00:17:08,080 Speaker 1: The housing crisis is turning three this month, and there's 339 00:17:08,119 --> 00:17:11,760 Speaker 1: basically three red lines. Three red line policy. They look 340 00:17:11,800 --> 00:17:15,399 Speaker 1: at the ratio of liabilities to assets, the ratio of 341 00:17:15,480 --> 00:17:19,080 Speaker 1: net debt to operating cash flow, and the ratio of 342 00:17:19,119 --> 00:17:23,479 Speaker 1: short term debt to total liabilities all good markers, and 343 00:17:23,520 --> 00:17:26,879 Speaker 1: what we can see is that the real estate sector 344 00:17:27,200 --> 00:17:32,080 Speaker 1: is falling below all three of those lines. It's looking 345 00:17:32,119 --> 00:17:32,520 Speaker 1: really bad. 346 00:17:32,600 --> 00:17:32,760 Speaker 2: Now. 347 00:17:32,840 --> 00:17:34,680 Speaker 1: If you're just turning your listening to the Mark Mas Show, 348 00:17:34,680 --> 00:17:36,679 Speaker 1: we're talking about how the world is breaking apart the 349 00:17:36,760 --> 00:17:40,439 Speaker 1: decentralized Revolution. I was talking about China specifically, one of 350 00:17:40,480 --> 00:17:43,679 Speaker 1: the rising threats to the United States into this new multipolar, 351 00:17:43,720 --> 00:17:47,359 Speaker 1: decentralized world. Maybe they're crumbling from the inside. 352 00:17:47,359 --> 00:17:47,479 Speaker 2: Now. 353 00:17:47,480 --> 00:17:48,959 Speaker 1: I gotta take a quick break, but when I come back, 354 00:17:49,000 --> 00:17:50,720 Speaker 1: I want to talk about what's happening here in the 355 00:17:50,800 --> 00:17:54,280 Speaker 1: United States, specifically what's happening with your ability to use 356 00:17:54,280 --> 00:17:57,760 Speaker 1: your own corporations in LLCs and the surveillance state. I'm 357 00:17:57,800 --> 00:17:58,920 Speaker 1: going to cover that, and going to the Fed in 358 00:17:58,920 --> 00:18:00,800 Speaker 1: the economy. I've got a lot to cover. 359 00:18:01,040 --> 00:18:02,679 Speaker 2: Don't go away. I'm gonna take a quick break, but 360 00:18:02,680 --> 00:18:06,000 Speaker 2: I'll be right back. All right, Welcome back. 361 00:18:06,040 --> 00:18:08,160 Speaker 1: If you just tune in you're listening to the Marcoms Show, 362 00:18:08,160 --> 00:18:11,520 Speaker 1: we're always talking about the decentralized Revolution, giving you the 363 00:18:11,760 --> 00:18:14,399 Speaker 1: play by play, and of course we're running through some 364 00:18:14,400 --> 00:18:16,600 Speaker 1: of the latest breaking news headlines of the week. So 365 00:18:16,640 --> 00:18:18,919 Speaker 1: you can understand exactly what's happening. We look at them 366 00:18:18,960 --> 00:18:23,320 Speaker 1: through the lens of politics, finance, and technology, and what's 367 00:18:23,320 --> 00:18:26,840 Speaker 1: going on this week is another sign that we continue 368 00:18:26,880 --> 00:18:29,840 Speaker 1: to go into this pendulum shift, going from a centralized 369 00:18:29,840 --> 00:18:31,920 Speaker 1: world to a decentralized world. You know, I talk about 370 00:18:31,920 --> 00:18:35,719 Speaker 1: this all the time where central planning always failed. Central 371 00:18:35,720 --> 00:18:42,400 Speaker 1: planning leads to lagress, grift graph, theft, and people see 372 00:18:42,400 --> 00:18:43,520 Speaker 1: that and people. 373 00:18:43,280 --> 00:18:43,840 Speaker 2: Don't like it. 374 00:18:44,080 --> 00:18:48,240 Speaker 1: Right, we see what's happening with you know, the government, 375 00:18:48,440 --> 00:18:51,720 Speaker 1: with the tax situation, with the censorship, with the loss 376 00:18:51,760 --> 00:18:54,040 Speaker 1: of rights, all of these things, and people want to 377 00:18:54,080 --> 00:18:55,720 Speaker 1: talk out about it, they want to do things about it, 378 00:18:55,760 --> 00:18:58,400 Speaker 1: they want to protect themselves from it. But the more 379 00:18:58,440 --> 00:19:02,040 Speaker 1: that people push back against that, the more the government 380 00:19:02,080 --> 00:19:05,280 Speaker 1: has to squeeze. But the more they squeeze, the more 381 00:19:05,320 --> 00:19:07,159 Speaker 1: people push back, and the more people push. 382 00:19:07,040 --> 00:19:08,920 Speaker 2: Back the squeeze. So what is it the physics? 383 00:19:08,920 --> 00:19:12,040 Speaker 1: Each each action has an equal and opposite reaction sort 384 00:19:12,040 --> 00:19:14,960 Speaker 1: of thing, right, And so part of that is that 385 00:19:15,600 --> 00:19:18,960 Speaker 1: you know, as fraud, if you want to call it, 386 00:19:19,000 --> 00:19:21,120 Speaker 1: that continue to get worse and worse and worse as 387 00:19:21,119 --> 00:19:24,000 Speaker 1: we continue to see how all the political leaders are 388 00:19:24,080 --> 00:19:27,000 Speaker 1: just out for themselves, as each of these government institutions 389 00:19:27,040 --> 00:19:30,119 Speaker 1: are weaponizing themselves against the people, as each of these 390 00:19:30,119 --> 00:19:33,480 Speaker 1: institutions are feeding their own pockets stealing from the public. 391 00:19:33,840 --> 00:19:36,040 Speaker 1: Three the number of ways the people push back on that. 392 00:19:36,720 --> 00:19:40,439 Speaker 1: And so what has to happen is the all C 393 00:19:40,560 --> 00:19:42,240 Speaker 1: and I of sara On, as I call it. The 394 00:19:42,240 --> 00:19:45,360 Speaker 1: government's surveillance network has to grow to a point where 395 00:19:45,359 --> 00:19:49,800 Speaker 1: they can see every single thing that you do. Now, 396 00:19:50,560 --> 00:19:52,280 Speaker 1: sort of like why they want to hire was that 397 00:19:52,400 --> 00:19:55,480 Speaker 1: eighty seven thousand new IRS agents so they can go 398 00:19:55,560 --> 00:19:58,480 Speaker 1: out trying a flashlight into every single one of your 399 00:19:58,520 --> 00:20:01,760 Speaker 1: bank accounts, and if you have any transaction worth six 400 00:20:01,840 --> 00:20:04,920 Speaker 1: hundred dollars or more, they want a full report over 401 00:20:04,960 --> 00:20:08,400 Speaker 1: what you did with that six hundred dollars. Never mind 402 00:20:08,440 --> 00:20:13,320 Speaker 1: that the Pentagon loses trillions of dollars regularly, So they 403 00:20:13,359 --> 00:20:19,840 Speaker 1: take our money, squander it, lose it. Probably didn't lose it. 404 00:20:19,880 --> 00:20:21,280 Speaker 1: They just don't want to tell us where they spend it. 405 00:20:21,480 --> 00:20:23,680 Speaker 1: And that's not a big deal. Ah, no big deal. 406 00:20:24,119 --> 00:20:26,239 Speaker 1: Oh two hundred billion of Ukraine. Where'd the money go? 407 00:20:27,119 --> 00:20:28,200 Speaker 1: We don't know, but don't. 408 00:20:28,040 --> 00:20:28,600 Speaker 2: Worry about it. 409 00:20:29,160 --> 00:20:31,840 Speaker 1: But oh, you spent six hundred bucks. We need to 410 00:20:31,840 --> 00:20:34,000 Speaker 1: know where your six hundred dollars went. And so you 411 00:20:34,000 --> 00:20:35,720 Speaker 1: can really tell a lot about a nation and the 412 00:20:35,720 --> 00:20:38,359 Speaker 1: state of what that nation is in by how they 413 00:20:38,400 --> 00:20:44,520 Speaker 1: prosecute crimes. Are they prosecuting crimes against citizens or crimes 414 00:20:44,560 --> 00:20:48,359 Speaker 1: against themselves? So if we lose trillions of dollars or 415 00:20:48,480 --> 00:20:50,800 Speaker 1: hundreds of billions of dollars, don't worry about that. But 416 00:20:50,920 --> 00:20:53,280 Speaker 1: you you, you with your six hundred dollars, we need 417 00:20:53,320 --> 00:20:54,200 Speaker 1: to know where that is. 418 00:20:54,520 --> 00:20:55,920 Speaker 2: And so you can start to see. 419 00:20:55,680 --> 00:20:58,919 Speaker 1: Where things are going. And it only unfortunately took another 420 00:20:58,960 --> 00:21:02,240 Speaker 1: turn for the worst this week we saw something called 421 00:21:02,280 --> 00:21:07,240 Speaker 1: the Corporate Transparency Act and new rules being pushed into place, 422 00:21:07,600 --> 00:21:11,240 Speaker 1: and so basically, starting January of next year, every LLC 423 00:21:11,960 --> 00:21:15,680 Speaker 1: or any other entity formed by filing with a state 424 00:21:15,800 --> 00:21:18,320 Speaker 1: or tribal authority. So that's how they work. So you 425 00:21:18,359 --> 00:21:21,000 Speaker 1: have to file your corporation with your state. So every 426 00:21:21,240 --> 00:21:26,320 Speaker 1: LLC or entity formed must disclose the beneficial ownership information 427 00:21:26,880 --> 00:21:31,480 Speaker 1: and control person information to fencein. FENCEN is the Financial 428 00:21:31,520 --> 00:21:35,560 Speaker 1: Crimes Enforcement Network in the Treasury Department. So really all 429 00:21:35,600 --> 00:21:37,639 Speaker 1: of this is from the Treasury. The Treasury is the 430 00:21:37,880 --> 00:21:40,480 Speaker 1: IC all seen eye of sarn. They want to see 431 00:21:40,520 --> 00:21:43,440 Speaker 1: where every single penny goes in. 432 00:21:43,400 --> 00:21:44,080 Speaker 2: Your bank accounts. 433 00:21:44,080 --> 00:21:46,040 Speaker 1: Of worse not they don't care about the billions of 434 00:21:46,160 --> 00:21:47,760 Speaker 1: u creine, but your bank out they want to see. 435 00:21:47,760 --> 00:21:49,880 Speaker 1: And so they come up with fence in, they come 436 00:21:49,960 --> 00:21:52,359 Speaker 1: up with KYC, they come up with AML, they come 437 00:21:52,400 --> 00:21:54,760 Speaker 1: up with all of these things in order to do that. 438 00:21:55,920 --> 00:21:58,480 Speaker 1: And so if you're not aware when you create an entity, 439 00:21:58,480 --> 00:22:01,640 Speaker 1: an entity is its own like person. So I can 440 00:22:01,680 --> 00:22:04,840 Speaker 1: own things personally under my name Mark Moss, or I 441 00:22:04,840 --> 00:22:07,480 Speaker 1: can own them under an entity. And there are certain 442 00:22:07,520 --> 00:22:11,760 Speaker 1: states that have different laws and rights regarding that. Wyoming, 443 00:22:11,800 --> 00:22:15,159 Speaker 1: for example, has some of the best privacy laws around 444 00:22:15,200 --> 00:22:18,160 Speaker 1: owning entities. Nevada has some of the best protection laws 445 00:22:18,160 --> 00:22:23,479 Speaker 1: against entities. But so they have these privacy laws, but 446 00:22:23,840 --> 00:22:26,280 Speaker 1: they don't want you to have privacy anymore. Just like 447 00:22:26,320 --> 00:22:28,760 Speaker 1: they want to spy on and listen to and surveil 448 00:22:28,840 --> 00:22:31,080 Speaker 1: every single piece of communication, they also want to see. 449 00:22:31,600 --> 00:22:33,160 Speaker 1: They want all privacy gone because. 450 00:22:32,920 --> 00:22:35,040 Speaker 2: What do you have to hide? Right and so now. 451 00:22:36,440 --> 00:22:40,000 Speaker 1: Now you have to disclose all of that. So there's 452 00:22:40,080 --> 00:22:42,720 Speaker 1: no way that that can be missed. The overreaching law 453 00:22:42,800 --> 00:22:45,960 Speaker 1: was enacted with of course under the guise of preventing 454 00:22:46,119 --> 00:22:48,600 Speaker 1: funding of terrorism, because you know your six hundred bucks 455 00:22:48,640 --> 00:22:51,560 Speaker 1: could cause terrorism, not the record amount of bombs that 456 00:22:51,600 --> 00:22:53,679 Speaker 1: Obama dropped in the Middle East. That doesn't cause terrorism 457 00:22:53,680 --> 00:22:56,480 Speaker 1: at all. But the solution that FENCEN came up with 458 00:22:57,000 --> 00:23:01,240 Speaker 1: is to collect all your information, of course, all your 459 00:23:01,280 --> 00:23:06,080 Speaker 1: information on anyone who owns any LLC in the United States, 460 00:23:07,720 --> 00:23:08,080 Speaker 1: all of it. 461 00:23:08,240 --> 00:23:10,199 Speaker 2: Now, what do they need all that for? Well, but 462 00:23:10,240 --> 00:23:12,080 Speaker 2: don't you worry about that. Don't you worry it. We 463 00:23:12,119 --> 00:23:12,919 Speaker 2: have to keep you safe. 464 00:23:13,040 --> 00:23:16,720 Speaker 1: Fiduciary professional service providers, including attorneys and law firms that 465 00:23:16,760 --> 00:23:21,159 Speaker 1: form entities, will now be compelled under federal law to 466 00:23:21,280 --> 00:23:25,720 Speaker 1: dox their clients, protect client privacy, and break the law 467 00:23:26,280 --> 00:23:28,919 Speaker 1: or disclosed and docs. So attorneys are supposed to have 468 00:23:29,119 --> 00:23:35,240 Speaker 1: client client privilege, not anymore. Now all of that has 469 00:23:35,280 --> 00:23:38,840 Speaker 1: to be disclosed under this law. Lawyers shouldn't favor our 470 00:23:38,880 --> 00:23:41,880 Speaker 1: necessary disclosure at the expense of client confidentiality. 471 00:23:42,520 --> 00:23:42,720 Speaker 2: Right. 472 00:23:43,080 --> 00:23:47,119 Speaker 1: Lawyers are supposed to have an ethical duty to advocate 473 00:23:47,160 --> 00:23:50,480 Speaker 1: in favor of clients, supposed to try to preserve privacy. 474 00:23:50,880 --> 00:23:56,879 Speaker 1: They're supposed to preserve confidentiality, but now they can't. Now 475 00:23:57,000 --> 00:23:59,480 Speaker 1: of course, like all laws, especially more and more laws 476 00:23:59,480 --> 00:24:01,600 Speaker 1: that are going into today, they're very broad. This law 477 00:24:01,680 --> 00:24:04,680 Speaker 1: is extremely broad in scope. They do that on purpose, 478 00:24:05,080 --> 00:24:07,840 Speaker 1: and so that way it can be arbitrarily applied because 479 00:24:07,840 --> 00:24:11,800 Speaker 1: it's so broad, we don't really understand it completely. See, 480 00:24:11,840 --> 00:24:13,919 Speaker 1: it's not the way it's supposed to work. See, laws 481 00:24:13,920 --> 00:24:18,240 Speaker 1: are supposed to be easy to understand, so everybody knows 482 00:24:18,480 --> 00:24:21,240 Speaker 1: what they are, what they mean, and they're supposed to 483 00:24:21,280 --> 00:24:23,879 Speaker 1: be set in stone. So I can then understand the 484 00:24:23,960 --> 00:24:27,080 Speaker 1: laws and I can plan my life based off of 485 00:24:27,119 --> 00:24:29,560 Speaker 1: those laws. Like if I play a game of basketball, 486 00:24:29,720 --> 00:24:32,480 Speaker 1: the rules of basketball are very easy to understand and 487 00:24:32,520 --> 00:24:34,840 Speaker 1: they're set in stone, and now I can formulate my 488 00:24:34,880 --> 00:24:38,560 Speaker 1: game plan around that. But when they make laws ambiguous 489 00:24:38,600 --> 00:24:42,560 Speaker 1: and broad, then we don't understand and that allows for 490 00:24:42,640 --> 00:24:48,480 Speaker 1: them to just apply them however they see fit. There's 491 00:24:48,560 --> 00:24:50,800 Speaker 1: few exceptions to this law, most of which are esoteric 492 00:24:50,920 --> 00:24:55,280 Speaker 1: or irrelevant for personal privacy purposes. If they say, if 493 00:24:55,320 --> 00:24:57,199 Speaker 1: the LC is owned by a trust, then you have 494 00:24:57,240 --> 00:25:01,840 Speaker 1: to disclose the information so the trust becomes see through. 495 00:25:03,880 --> 00:25:05,919 Speaker 2: I mean, we'll see how this goes. I don't know 496 00:25:05,920 --> 00:25:06,840 Speaker 2: exactly how this works. 497 00:25:06,880 --> 00:25:13,040 Speaker 1: Now there's a camp that's deep down another rabbit hole, 498 00:25:13,400 --> 00:25:16,199 Speaker 1: and I'm sort of educated on it. 499 00:25:16,320 --> 00:25:19,439 Speaker 2: I'm not fully on board with it. But basically, you 500 00:25:19,480 --> 00:25:20,919 Speaker 2: have two. 501 00:25:20,800 --> 00:25:23,000 Speaker 1: Different types of law, right, So you have what's known 502 00:25:23,040 --> 00:25:27,720 Speaker 1: as common law. Common law is the oldest form of law, 503 00:25:28,320 --> 00:25:31,600 Speaker 1: and then there's statutory law. So if you've gotten a 504 00:25:31,640 --> 00:25:34,640 Speaker 1: ticket or broken some sort of infraction from your police department, 505 00:25:34,680 --> 00:25:39,480 Speaker 1: you've seen statutory you have statutory law. Now, we don't 506 00:25:39,640 --> 00:25:42,680 Speaker 1: need government to give us laws, or I should say, 507 00:25:42,720 --> 00:25:45,879 Speaker 1: give us permission. In the United States, are we have 508 00:25:46,000 --> 00:25:49,600 Speaker 1: inalienable rights. We're born free. The Constitution was there to 509 00:25:49,800 --> 00:25:54,280 Speaker 1: prevent the government from encroaching on those laws. Laws are 510 00:25:54,320 --> 00:25:58,080 Speaker 1: not for us. Laws are supposed to prevent the government 511 00:25:58,119 --> 00:26:00,920 Speaker 1: from encroaching. And so we have things, like I said, 512 00:26:00,960 --> 00:26:03,600 Speaker 1: like common law. So you and I could could meet 513 00:26:03,640 --> 00:26:07,199 Speaker 1: at a restaurant. We could write on a napkin an 514 00:26:07,280 --> 00:26:10,840 Speaker 1: agreement and sign it and that would become legally binding. 515 00:26:11,359 --> 00:26:15,439 Speaker 1: That's common law. We don't need the government to bless that. 516 00:26:16,000 --> 00:26:17,959 Speaker 1: If you and I agree to it, we both sign it, 517 00:26:18,000 --> 00:26:19,160 Speaker 1: I can take you to court. 518 00:26:18,920 --> 00:26:19,719 Speaker 2: And I can defend that. 519 00:26:19,720 --> 00:26:22,800 Speaker 1: That's known as common law, and most trusts fall under that. 520 00:26:23,160 --> 00:26:25,520 Speaker 1: So it's an agreement between the two of us of 521 00:26:25,680 --> 00:26:28,160 Speaker 1: how these assets are going to be controlled and managed 522 00:26:28,359 --> 00:26:29,080 Speaker 1: and divvied up. 523 00:26:29,560 --> 00:26:30,120 Speaker 2: And that's it. 524 00:26:30,600 --> 00:26:34,800 Speaker 1: That's a legally enforcing contract under common law, without statutory law. 525 00:26:34,880 --> 00:26:38,760 Speaker 1: But what they want is to file your corporation with 526 00:26:38,960 --> 00:26:42,320 Speaker 1: the state. So now you're asking the state to give 527 00:26:42,359 --> 00:26:45,400 Speaker 1: you permission to operate under that and of course if 528 00:26:45,400 --> 00:26:47,040 Speaker 1: that's the case, then they can dox you and. 529 00:26:47,080 --> 00:26:48,280 Speaker 2: Take all your privacy away. 530 00:26:48,680 --> 00:26:50,600 Speaker 1: If you're just tune in, you're listening to the Markomas 531 00:26:50,640 --> 00:26:52,920 Speaker 1: Show breaking down some of the latest breaking news headlines 532 00:26:52,960 --> 00:26:55,920 Speaker 1: to demonstrate how this world is changing. And of course 533 00:26:56,320 --> 00:27:01,480 Speaker 1: as this centralized planning organizations are breaking apart, as central 534 00:27:01,480 --> 00:27:03,840 Speaker 1: plan is falling apart, they don't want to give up 535 00:27:03,840 --> 00:27:06,280 Speaker 1: that easily, and they're trying with their last grass to 536 00:27:06,440 --> 00:27:08,600 Speaker 1: hold on to as much power as they possibly can. 537 00:27:08,880 --> 00:27:10,639 Speaker 1: And this is just another sign I got to take 538 00:27:10,640 --> 00:27:12,600 Speaker 1: a quick break again. If you're just tuning to listen 539 00:27:12,640 --> 00:27:14,080 Speaker 1: to the Mark mas Show. When I come back, I 540 00:27:14,080 --> 00:27:16,760 Speaker 1: want to talk about what's happening with the economy, specifically 541 00:27:16,800 --> 00:27:18,920 Speaker 1: with the Federal Reserve, what they're doing with interest rates, 542 00:27:19,119 --> 00:27:21,480 Speaker 1: what the economy is doing. You're going to be shocked 543 00:27:21,600 --> 00:27:24,480 Speaker 1: at what's going on with gross domestic product. I was 544 00:27:24,520 --> 00:27:26,119 Speaker 1: when I first saw the numbers, and you will be too. 545 00:27:26,119 --> 00:27:27,240 Speaker 1: I'm gonna break that down when I come back. I 546 00:27:27,280 --> 00:27:29,240 Speaker 1: gotta take a quick break though, so don't go away. 547 00:27:29,760 --> 00:27:32,679 Speaker 1: I'll be right back, all right, Welcome back. If you're 548 00:27:32,720 --> 00:27:34,560 Speaker 1: just tune in, you're listening to the Mark Maas Show. 549 00:27:34,880 --> 00:27:38,040 Speaker 1: We're breaking down the latest breaking news headlines of the week, 550 00:27:38,240 --> 00:27:39,840 Speaker 1: so you can see the play by play of how 551 00:27:39,880 --> 00:27:43,520 Speaker 1: the world is literally breaking apart right before our very eyes. 552 00:27:44,600 --> 00:27:46,040 Speaker 2: And of course we look at it through. 553 00:27:45,920 --> 00:27:49,920 Speaker 1: The lens of politics, finance, and technology, and looking at 554 00:27:49,960 --> 00:27:52,400 Speaker 1: the sort of financial world, you can see that these 555 00:27:52,440 --> 00:27:57,840 Speaker 1: three subjects are very intertwined. We have politics affecting finance 556 00:27:57,880 --> 00:28:01,080 Speaker 1: and finance affecting politics, and they go sort of hand 557 00:28:01,080 --> 00:28:03,080 Speaker 1: in hand. Now they shouldn't. As a matter of fact, 558 00:28:03,400 --> 00:28:05,560 Speaker 1: myself and a bunch of other bitcointerers all believe that 559 00:28:05,600 --> 00:28:09,440 Speaker 1: we should separate money in state, sort of like how 560 00:28:09,440 --> 00:28:11,840 Speaker 1: they ran on a campaign to separate church and state. 561 00:28:12,160 --> 00:28:15,760 Speaker 1: We should also separate money in state because politics shouldn't 562 00:28:15,760 --> 00:28:20,400 Speaker 1: affect money. But here we are, well, we can see how. 563 00:28:20,200 --> 00:28:22,760 Speaker 2: This is affected because typically we have we see. 564 00:28:22,600 --> 00:28:24,840 Speaker 1: The political pressures of the president, like when President Trump 565 00:28:24,880 --> 00:28:28,520 Speaker 1: was in power, leaning heavy, heavy, heavy on the FED, 566 00:28:28,560 --> 00:28:31,280 Speaker 1: telling them to ease rates, ease monetary policy, et cetera. 567 00:28:31,720 --> 00:28:34,280 Speaker 1: Now we have the Biden administration pushing on the FED to. 568 00:28:34,240 --> 00:28:35,760 Speaker 2: Give them more money for this. 569 00:28:35,760 --> 00:28:38,240 Speaker 1: Green transition, all these different things, and so we see 570 00:28:38,280 --> 00:28:42,680 Speaker 1: the coercion of the of the government on the money supply. 571 00:28:43,920 --> 00:28:46,920 Speaker 1: Of course, we have other factors that that tell them 572 00:28:46,920 --> 00:28:48,680 Speaker 1: what they should do. We know the FED has been 573 00:28:48,680 --> 00:28:51,920 Speaker 1: on the fastest rate hiking and cycle, trying to tame inflation, 574 00:28:52,040 --> 00:28:56,000 Speaker 1: trying to slow monetary policy down. We haven't really seen 575 00:28:57,000 --> 00:29:00,280 Speaker 1: the all the effects of that yet. Can tyke up 576 00:29:00,320 --> 00:29:02,080 Speaker 1: to two years to really start to see the effect 577 00:29:02,120 --> 00:29:04,760 Speaker 1: of that. So that's coming. But one report that I 578 00:29:04,800 --> 00:29:07,280 Speaker 1: saw this week that was pretty interesting, and to be honest, 579 00:29:07,280 --> 00:29:09,720 Speaker 1: it was a little bit shocking, was the Federal Reserve 580 00:29:09,760 --> 00:29:10,600 Speaker 1: Bank of Atlanta. 581 00:29:10,960 --> 00:29:14,920 Speaker 2: They run a model called GDP now GDP gross domestic product. 582 00:29:15,120 --> 00:29:18,320 Speaker 1: And this model is pretty accurate and it basically projects 583 00:29:18,360 --> 00:29:22,240 Speaker 1: where GDP growth will be. Now, you might remember I 584 00:29:22,280 --> 00:29:24,160 Speaker 1: talked about it and it got a little bit of 585 00:29:24,240 --> 00:29:26,760 Speaker 1: a little bit of newsplay on some of the more 586 00:29:26,760 --> 00:29:27,960 Speaker 1: conservative talk shows. 587 00:29:27,960 --> 00:29:29,720 Speaker 2: Probably Fox talked about it as well when Tucker was 588 00:29:29,760 --> 00:29:30,120 Speaker 2: still there. 589 00:29:30,120 --> 00:29:34,479 Speaker 1: But how we had two negative quarters of GDP growth, 590 00:29:34,720 --> 00:29:39,160 Speaker 1: which is technically a recession. But then you remember the 591 00:29:39,160 --> 00:29:45,200 Speaker 1: Biden administration White House Secretary or speaker Press Secretary Koreean 592 00:29:45,320 --> 00:29:50,640 Speaker 1: Ganpierre KJP saying well, this isn't a recesion. No, no, no, no, 593 00:29:50,800 --> 00:29:53,680 Speaker 1: it's not a recession. Technically, just because we had two 594 00:29:53,720 --> 00:29:55,920 Speaker 1: negative quarters of growth doesn't doesn't mean it's a recession. 595 00:29:56,760 --> 00:29:58,760 Speaker 1: We'll tell you when it's a recession. So they remember 596 00:29:58,800 --> 00:30:02,280 Speaker 1: that pushing back. But we had two two negative quarters 597 00:30:02,280 --> 00:30:05,080 Speaker 1: of growth, that's not good. But since then growth has 598 00:30:05,080 --> 00:30:08,160 Speaker 1: been going back up. Now, you gauge the economy sort 599 00:30:08,200 --> 00:30:11,920 Speaker 1: of by how fast it's growing, and so when GDP 600 00:30:12,040 --> 00:30:14,440 Speaker 1: growth goes down, then that that's why it tells you 601 00:30:14,440 --> 00:30:14,760 Speaker 1: rere session. 602 00:30:14,880 --> 00:30:15,920 Speaker 2: But what about it's going up. 603 00:30:16,480 --> 00:30:19,440 Speaker 1: Well, we've seen GDP growth slowing down over the last 604 00:30:19,480 --> 00:30:22,720 Speaker 1: several decades, GDP growth going from four percent to three 605 00:30:22,760 --> 00:30:25,360 Speaker 1: percent to two percent. Now it's been down around one percent, 606 00:30:26,040 --> 00:30:28,320 Speaker 1: and part of that's because we have so much debt. 607 00:30:28,400 --> 00:30:31,960 Speaker 1: That debt is like this giant drag on the economy 608 00:30:32,160 --> 00:30:34,640 Speaker 1: that pulls it down. All these corporations that have massive 609 00:30:34,680 --> 00:30:36,760 Speaker 1: amounts of debt, they have to service that debt. Now 610 00:30:36,760 --> 00:30:39,400 Speaker 1: they don't have money to invest into new products, services, 611 00:30:39,760 --> 00:30:42,080 Speaker 1: are and d et cetera. That's one way, just like 612 00:30:42,160 --> 00:30:44,200 Speaker 1: you with your household, if you have lots of debt, 613 00:30:44,480 --> 00:30:46,960 Speaker 1: you can't afford to go buy a new investment property, 614 00:30:46,960 --> 00:30:50,200 Speaker 1: you can't afford to buy a new truck to build 615 00:30:50,240 --> 00:30:54,280 Speaker 1: your business whatever. But shocking, the GDP growth came in 616 00:30:54,440 --> 00:30:59,000 Speaker 1: at five percent, which is really big, and it's up 617 00:30:59,120 --> 00:31:01,800 Speaker 1: from four point one percent last week, and it's up 618 00:31:01,800 --> 00:31:05,960 Speaker 1: from about three point five percent when this quarter's estimates 619 00:31:06,000 --> 00:31:09,240 Speaker 1: first started to show up, which is pretty amazing. Now 620 00:31:09,400 --> 00:31:11,280 Speaker 1: a lot of analysts are coming out of the woodwork 621 00:31:11,320 --> 00:31:15,280 Speaker 1: and they're saying, now the quote unquote soft landing is 622 00:31:15,360 --> 00:31:17,200 Speaker 1: looking like it's actually gonna happen. 623 00:31:17,440 --> 00:31:19,040 Speaker 2: Well, not even just a soft landing. 624 00:31:19,120 --> 00:31:23,920 Speaker 1: Of course, most of the forecasters were for casting a recession. 625 00:31:25,600 --> 00:31:27,800 Speaker 1: I've been talking about that. We saw that drop from 626 00:31:27,840 --> 00:31:30,560 Speaker 1: like sixty eight percent to sixty three percent to fifty 627 00:31:30,600 --> 00:31:34,560 Speaker 1: eight percent of the experts predicting a recession. Then it 628 00:31:34,600 --> 00:31:36,240 Speaker 1: went to like, well, shoot, I don't know, I guess 629 00:31:36,280 --> 00:31:37,880 Speaker 1: we're like fifty to fifty. I guess we're gonna have 630 00:31:37,880 --> 00:31:41,400 Speaker 1: this soft landing. Maybe the Fed's gonna thread the needle. 631 00:31:41,440 --> 00:31:44,240 Speaker 1: Looks like we're gonna have it. To now, it's looking 632 00:31:44,400 --> 00:31:48,200 Speaker 1: like a potential growth boom in the United States, and 633 00:31:48,240 --> 00:31:55,400 Speaker 1: it's primarily being driven by the consumer, which it looks 634 00:31:55,480 --> 00:31:58,840 Speaker 1: like the consumer's staying very strong, but we also know 635 00:31:58,960 --> 00:31:59,800 Speaker 1: that's not the case. 636 00:32:00,200 --> 00:32:01,000 Speaker 2: We know it's not the case. 637 00:32:01,040 --> 00:32:04,560 Speaker 1: But because we can see consumer savings is plummeting while 638 00:32:04,600 --> 00:32:08,360 Speaker 1: consumer debt is going sky high. So what we really 639 00:32:08,440 --> 00:32:12,440 Speaker 1: have is the consumer is still spending strong. They're not 640 00:32:12,640 --> 00:32:16,960 Speaker 1: necessarily strong, right, They're spending on credit as they're depleting 641 00:32:17,000 --> 00:32:17,600 Speaker 1: their savings. 642 00:32:17,600 --> 00:32:20,160 Speaker 2: It's not a good place to be. How long can 643 00:32:20,200 --> 00:32:21,720 Speaker 2: that continue? We don't know. 644 00:32:22,520 --> 00:32:24,480 Speaker 1: I guess until their savings is out of their credit 645 00:32:24,480 --> 00:32:26,200 Speaker 1: gets maxed out or cut off. 646 00:32:27,040 --> 00:32:28,080 Speaker 2: But this is where we're at. 647 00:32:28,120 --> 00:32:29,680 Speaker 1: And again it's important, you know, I talk about this 648 00:32:29,760 --> 00:32:32,080 Speaker 1: quite often. It's important to understand that we have to 649 00:32:32,080 --> 00:32:34,520 Speaker 1: take the markets as they are, not as we think 650 00:32:34,560 --> 00:32:36,280 Speaker 1: they should be, not as we hope they would be 651 00:32:37,480 --> 00:32:39,200 Speaker 1: or whatever, but as they are. And this is where 652 00:32:39,200 --> 00:32:43,240 Speaker 1: we're at now. Part of this is also that GDP 653 00:32:43,400 --> 00:32:47,480 Speaker 1: growth doesn't measure the amount of economic output. It measures 654 00:32:47,560 --> 00:32:52,040 Speaker 1: the value. So let's say, for example, I make ten 655 00:32:52,120 --> 00:32:54,640 Speaker 1: iPhones and I sell them for one thousand dollars a piece. 656 00:32:55,480 --> 00:32:58,840 Speaker 1: Next year, I also make ten iPhones, but because of inflation, 657 00:32:58,880 --> 00:33:02,880 Speaker 1: I sell them for eleven dollars piece. I still made 658 00:33:02,920 --> 00:33:06,200 Speaker 1: the same ten iPhones, but because inflation pushed the price 659 00:33:06,200 --> 00:33:09,840 Speaker 1: from one thousand to eleven hundred, it shows ten percent 660 00:33:10,200 --> 00:33:15,640 Speaker 1: GDP growth. So inflation on its own also pushes GDP 661 00:33:15,760 --> 00:33:18,479 Speaker 1: growth up. Now they have some adjustments they can do 662 00:33:18,520 --> 00:33:20,880 Speaker 1: for it, it doesn't work good. And so this is 663 00:33:20,880 --> 00:33:23,040 Speaker 1: actually the game plan, right, And so how does the 664 00:33:23,080 --> 00:33:25,200 Speaker 1: government get out of one and ten one hundred and 665 00:33:25,240 --> 00:33:29,600 Speaker 1: twenty percent debt to GDP? Well, debt to GDP, that's 666 00:33:29,600 --> 00:33:34,760 Speaker 1: an equation debt divided by the GDP. So if I 667 00:33:34,800 --> 00:33:36,160 Speaker 1: want to go from one hundred and twenty five percent 668 00:33:36,360 --> 00:33:38,600 Speaker 1: debt to GDP, I can either one bring the debt 669 00:33:38,720 --> 00:33:42,480 Speaker 1: down or two I can bring the GDP up. Now, 670 00:33:42,480 --> 00:33:44,280 Speaker 1: what I would do if I was president, and what 671 00:33:44,480 --> 00:33:47,280 Speaker 1: Vivid Gramaswami is saying he would do is he would 672 00:33:47,520 --> 00:33:51,240 Speaker 1: pull back all the regulations to unleash the American economy. 673 00:33:51,280 --> 00:33:53,959 Speaker 1: The amer economy is held back by all types of 674 00:33:53,960 --> 00:33:57,200 Speaker 1: onerous regulations and red tape, so and making it too 675 00:33:57,200 --> 00:33:59,560 Speaker 1: expensive and too hard and too long to produce any 676 00:33:59,600 --> 00:34:02,800 Speaker 1: economic growth. So if we could get rid of that, 677 00:34:02,840 --> 00:34:04,840 Speaker 1: we could grow our way out of this. So economic 678 00:34:04,880 --> 00:34:06,920 Speaker 1: growth would grow faster than debt, and it'd bring the 679 00:34:06,960 --> 00:34:10,120 Speaker 1: percentage from one twenty to one hundred to eighty seventy, 680 00:34:10,560 --> 00:34:13,319 Speaker 1: et cetera. Another way to do it, and unfortunately this 681 00:34:13,400 --> 00:34:15,839 Speaker 1: is the most probable case in my opinion, another way 682 00:34:15,880 --> 00:34:18,960 Speaker 1: to do it is through massive inflation. We pushed the 683 00:34:19,000 --> 00:34:23,320 Speaker 1: GDP up, so we don't actually have more growth. The iPhones. 684 00:34:23,360 --> 00:34:25,359 Speaker 1: We're still selling ten iPhones, or maybe we go from 685 00:34:25,360 --> 00:34:28,200 Speaker 1: ten iPhones to eight iPhones, but we went from selling 686 00:34:28,239 --> 00:34:30,800 Speaker 1: them for a thousand we're now selling for two thousand. 687 00:34:31,920 --> 00:34:35,240 Speaker 1: So now it looks like GDP growth went up even 688 00:34:35,360 --> 00:34:39,920 Speaker 1: though productivity actually declined, So you. 689 00:34:39,880 --> 00:34:41,400 Speaker 2: Have to be careful. We have to watch out for that. 690 00:34:41,680 --> 00:34:46,080 Speaker 1: We saw July's retail sales jumped zero point seven percent 691 00:34:46,239 --> 00:34:48,800 Speaker 1: month over month. It's the fourth straight month of increased 692 00:34:48,840 --> 00:34:53,719 Speaker 1: consumers spending. Again, these consumers are spending even though things 693 00:34:53,719 --> 00:34:58,279 Speaker 1: look bad, they're still spending so we're seeing that. It's 694 00:34:58,360 --> 00:34:59,680 Speaker 1: some of the best monthly. 695 00:34:59,360 --> 00:35:00,960 Speaker 2: Gains we've seen since January. 696 00:35:01,239 --> 00:35:03,840 Speaker 1: The seven percent increase, I'm sorry, the point seven percent 697 00:35:03,840 --> 00:35:06,760 Speaker 1: increase in retail sales is outgrowing the point two percent 698 00:35:06,840 --> 00:35:10,160 Speaker 1: increase in consumer prices, So that means that sales are 699 00:35:10,200 --> 00:35:13,400 Speaker 1: actually growing faster than the prices themselves. So the spending 700 00:35:13,480 --> 00:35:14,600 Speaker 1: is outpacing inflation. 701 00:35:15,560 --> 00:35:18,240 Speaker 2: Could we get the proverbials off landing. 702 00:35:19,239 --> 00:35:21,680 Speaker 1: It seems impossible to believe we can, but yet here 703 00:35:21,719 --> 00:35:24,000 Speaker 1: we are, and it looks like we certainly are there. 704 00:35:24,760 --> 00:35:27,000 Speaker 1: Although I talked about in the first segment, if you're 705 00:35:27,000 --> 00:35:29,319 Speaker 1: just tuned in, I talked about how bitcoin seems to 706 00:35:29,360 --> 00:35:32,480 Speaker 1: be sniffing something out, and I'm paying attention to that. 707 00:35:33,520 --> 00:35:35,479 Speaker 1: Bitcoin is sort of like this canary in the coal 708 00:35:35,480 --> 00:35:37,000 Speaker 1: mine where it starts to move first. 709 00:35:37,000 --> 00:35:38,640 Speaker 2: So we're definitely paying attention to that. We'll see what 710 00:35:38,680 --> 00:35:41,960 Speaker 2: happens there. But either way, the data looks pretty good. 711 00:35:42,000 --> 00:35:46,480 Speaker 1: The Empire State Manufacturing Survey remains in contraction, despite rising 712 00:35:46,520 --> 00:35:48,520 Speaker 1: off of historically low levels for most of the year. 713 00:35:49,120 --> 00:35:52,040 Speaker 1: US business inventories were flat for the second straight month 714 00:35:52,360 --> 00:35:56,960 Speaker 1: in June, so you know, a little bit of conflicting 715 00:35:57,040 --> 00:35:59,160 Speaker 1: information I'd love to hear what you think. 716 00:35:59,200 --> 00:35:59,960 Speaker 2: I'd love to hear from you. 717 00:36:00,040 --> 00:36:01,920 Speaker 1: Hit me up on social media at one Mark Moss 718 00:36:01,960 --> 00:36:04,839 Speaker 1: on Twitter or on hit me up on Instagram, and. 719 00:36:04,840 --> 00:36:06,160 Speaker 2: Let me know what you think. 720 00:36:06,360 --> 00:36:10,440 Speaker 1: Where are you at on your outlook? Where is your sentiment? 721 00:36:10,480 --> 00:36:12,160 Speaker 1: How do you view the market right now? At this point, 722 00:36:12,160 --> 00:36:13,680 Speaker 1: I'd love to hear from you. And if I could 723 00:36:13,719 --> 00:36:17,360 Speaker 1: ask one small, small, small, tiny favor on your favorite 724 00:36:17,360 --> 00:36:20,040 Speaker 1: podcast app, if you could just leave me a review, 725 00:36:20,120 --> 00:36:21,200 Speaker 1: that would just mean the world to me. 726 00:36:21,280 --> 00:36:21,919 Speaker 2: It's all I ask. 727 00:36:22,360 --> 00:36:24,480 Speaker 1: Just click on those little stars and maybe just drop 728 00:36:24,719 --> 00:36:27,080 Speaker 1: a line of text in there for me real quick. 729 00:36:27,400 --> 00:36:29,600 Speaker 2: That would mean the world to me. If you could 730 00:36:29,600 --> 00:36:30,360 Speaker 2: do that, I appreciate that. 731 00:36:30,360 --> 00:36:31,879 Speaker 1: If you're just tune in you're listening to the Mark 732 00:36:31,960 --> 00:36:33,839 Speaker 1: Mas Show, you can find me on your favorite podcast player. 733 00:36:33,960 --> 00:36:35,880 Speaker 1: Just search the Mark mass Show. You can check out 734 00:36:35,880 --> 00:36:38,480 Speaker 1: all the past episodes or the archive there for you. 735 00:36:38,480 --> 00:36:40,920 Speaker 1: You can also watch me on YouTube at the Market 736 00:36:40,960 --> 00:36:43,920 Speaker 1: Disruptors channel and just search Market Disruptors on YouTube. We've 737 00:36:43,960 --> 00:36:45,880 Speaker 1: been running through some of the latest breaking news headlines 738 00:36:45,880 --> 00:36:47,359 Speaker 1: of the week, so you can see the play by 739 00:36:47,400 --> 00:36:51,200 Speaker 1: play of how the world is literally breaking apart right now, and. 740 00:36:51,120 --> 00:36:51,680 Speaker 2: That's what I got. 741 00:36:51,680 --> 00:36:53,239 Speaker 1: That's the latest news headlines for the week. I'll be 742 00:36:53,280 --> 00:36:55,239 Speaker 1: back with more next week, so don't miss me. 743 00:36:56,480 --> 00:36:57,880 Speaker 2: That's it. Thanks so much for listening.