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Speaker 1: Hello, and welcome to another episode of the Markmas Show

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Speaker 1: where we talk about the decentralized Revolution. We talk about

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Speaker 1: the way the world is changing as the pendulum swings

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Speaker 1: from centralization to decentralization, of course, and we look at

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Speaker 1: it through the lens of politics, finance, and technology, which

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Speaker 1: are the drivers of changing the world. Of course, the

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Speaker 1: technology being bitcoin and the decentralized technology, the crypto, the cryptocurrency,

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Speaker 1: the cryptography and those types of tools. Now, um, we

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Speaker 1: got a big show today because there is a lot

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Speaker 1: of things going on. I want to tackle a big

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Speaker 1: subject that is affecting everybody. It's affecting everybody in ways

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Speaker 1: they see, but it's also affecting everybody in ways they

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Speaker 1: don't see. This is the single most important issue for

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Speaker 1: your life, the quality of your life. Um, meaning um,

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Speaker 1: you know, the quality of life really comes down to, uh,

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Speaker 1: your purchasing power, your ability to get goods and services right.

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Speaker 1: So if prices get way too expensive and you can't

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Speaker 1: buy the things you've used to been buying instead of

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Speaker 1: having steak you have to now eat spam for example,

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Speaker 1: the quality of your life went down. Or if you're

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Speaker 1: not able to get the goods and services that you want. Right,

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Speaker 1: your flights are not running on time, or the stuff

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Speaker 1: is not being delivered to the store. Right, those are

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Speaker 1: things that bring down the quality of your life. I

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Speaker 1: say it over and over, but you don't want money.

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Speaker 1: What do you mean, Mark, of course we want money. No,

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Speaker 1: you don't. You want the things money buys you. And

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Speaker 1: money in your bank is there as a placeholder until

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Speaker 1: you're ready to get those things that you want. So

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Speaker 1: if you can't get those things that you want, either

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Speaker 1: because you can't afford them or to they're not available,

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Speaker 1: the quality of your life goes down. Now there's other factors,

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Speaker 1: of course, right, like unhappiness and violence and relationships and whatever,

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Speaker 1: but we're not going to dive into all that today.

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Speaker 1: We're gonna talk about the single most important driver when

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Speaker 1: it comes to quality of life, at least in regards

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Speaker 1: to your purchasing power getting goods and services things like them,

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Speaker 1: UM and And of course we're gonna tie all the

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Speaker 1: way back. And part of part of this is UM

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Speaker 1: not just because it affects your life in ways that

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Speaker 1: you probably don't even see, in invisible ways, but it

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Speaker 1: has massive impact. But it's also reshaping the world. And

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Speaker 1: there's more than we're gonna cover today, but it's part

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Speaker 1: of my big thesis about how the world is going

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Speaker 1: to break apart. We're in a unipolar world. We're moving

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Speaker 1: to a multipolar world. We're seeing this being exaggerated today

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Speaker 1: with you know, Russia and China and Ukraine and a

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Speaker 1: new monetary system being created in the bricks nations, in

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Speaker 1: the new l b m A, the new London, uh,

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Speaker 1: you know, gold market competition, um, you know, shifting to

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Speaker 1: other currencies, the bond markets, breaking that sovereign default's like,

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Speaker 1: we're seeing all this happen, um, And what we're gonna

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Speaker 1: talk about today is actually one of the top couple

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Speaker 1: of catalysts that are going to continue to push the

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Speaker 1: world apart. It's more than we can cover today, but

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Speaker 1: you're gonna you're gonna see that. We're gonna frame it up.

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Speaker 1: But I want to talk about it where it's really

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Speaker 1: hitting you today. And of course that's in the pocketbook

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Speaker 1: and you may not fully understand this, so um, it

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Speaker 1: sounds super simple at first, but we're gonna dive in

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Speaker 1: deep so you can understand it like we always do. UM,

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Speaker 1: so you can understand all the way down at what

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Speaker 1: I call first principles or not not I call it.

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Speaker 1: That's what it's called first principles, down to the base layer,

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Speaker 1: because if you can understand it here, then you can

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Speaker 1: start to formulate your own ideas off of it. And um,

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Speaker 1: I like to say that almost everything you've learned is

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Speaker 1: wrong because they don't teach you what it is you

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Speaker 1: really need to know. The media is gaslighting you. It's

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Speaker 1: a form of economic I'm not sorry, not economic psychological

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Speaker 1: warfare against you. What you see is not really what

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Speaker 1: you see. They're lying to you. We're all living a lie.

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Speaker 1: We're living a lie more than we ever have before,

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Speaker 1: which is why people are rising up and and hungering

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Speaker 1: for thirst and third, I'm sorry, hungering and thirsting for truth.

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Speaker 1: And we're seeing this super evident just three times in

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Speaker 1: the last We talked about it last week, but the

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Speaker 1: new PM in Italy Maloney and the speech that she gave,

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Speaker 1: and she talked about how fires would be drawn to

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Speaker 1: to to proclaim that two plus two weekals for swords

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Speaker 1: would be drawn to proclaim that leaves turn green, and

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Speaker 1: so that's for truth. President Bukeley and El Salvador put

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Speaker 1: this big op ed piece out this week saying it's

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Speaker 1: a war on truth. Putin in his big speech he

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Speaker 1: gave last week, said it's a war on truth. So

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Speaker 1: as as as there is war on truth, we want hunger.

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Speaker 1: Are we hunger for for truth? And and let's break

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Speaker 1: this down because you are being gas lit. So anyway,

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Speaker 1: let's jump into this. So it sounds super simple at first,

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Speaker 1: but gas prices, let's start their gas prices. Gas prices

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Speaker 1: hit or gas prices break the price they set the

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Speaker 1: record price they set in June of this year in Juno.

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Speaker 1: So gas prices since Biden was elected in November, um

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Speaker 1: in November, when he took office in January, they have

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Speaker 1: just continued to escalate. Boom boom, boom, boom boom. I've

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Speaker 1: talked about the six sense of the I'm not gonna

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Speaker 1: go back all the way through the data. You know.

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Speaker 1: Of course, the Biden administration wants to blame this on Putin,

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Speaker 1: Putin's war. They call it as a matter of fact,

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Speaker 1: I'm gonna I'm gonna come back to this, but a

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Speaker 1: quote from Press Secretary Jean Pierre said Putin's war. So

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Speaker 1: they're blaming it on Putin's war. But as we've talked

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Speaker 1: about extensively. I'm not gonna go back into the data,

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Speaker 1: but the price of gas started going up astronomically the

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Speaker 1: day he was elected. It started up even faster after

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Speaker 1: he took office, and it has continued to accelerate. Um,

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Speaker 1: sure it's accelerated some, it's accelerated some since the war started,

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Speaker 1: but it really started long before that. The majority of

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Speaker 1: the move up started before that. So anyway, gas price

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Speaker 1: at record high set in June. Now, if you remember, um,

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Speaker 1: there was all these stickers. I don't know if you've

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Speaker 1: seen them. There's like stickers on the gas pump. But

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Speaker 1: of the of Biden said, I did that right, because

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Speaker 1: of course he attacked the energy industry. We're gonna get

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Speaker 1: more into that in a minute. But then, uh, you know,

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Speaker 1: they said that this was mean and how dare these

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Speaker 1: people put these stickers on the gas pumps, saying Biden

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Speaker 1: did it? But then he went and took credit for

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Speaker 1: the prices come back down. But let's take in this

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Speaker 1: for a minute. So I don't know where you're at

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Speaker 1: in the country or the world of what your gas

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Speaker 1: prices are. Um, in California, they are through the roof.

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Speaker 1: As a matter of fact, they hit a record high

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Speaker 1: of sixty six in Los Angeles. However, some places in

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Speaker 1: Los Angeles or almost eight dollars and fifty cents per gallon,

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Speaker 1: eight fifty six per gallon. Now, I know, my wife

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Speaker 1: was out in Texas earlier in the week and she

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Speaker 1: filled up the car for about just a little over

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Speaker 1: three dollars per gallon. It's a pretty big swing from

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Speaker 1: three dollars to eight fifty per gallon. Pretty big deal. Um, So,

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Speaker 1: I don't know where you're at. But however, wherever you're at,

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Speaker 1: they're at. They're at a they're at a record. The

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Speaker 1: average price has written risen thirty one consecutive days, going

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Speaker 1: up a dollar in twenty two cents. It's a big increase.

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Speaker 1: Says that gasoline prices have risen in California over the

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Speaker 1: past several weeks despite a gradual decline across the nation

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Speaker 1: due to several unique factors, including problems at local refineries.

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Speaker 1: California has already paid the highest gas prices in the

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Speaker 1: nation due to environmental regulations and taxes, but the number

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Speaker 1: of refineries uh and limited to the number of refineries

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Speaker 1: thanks to the same regulations. So why are gas prices

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Speaker 1: so high in California. It's the government. It's the taxes

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Speaker 1: that they levy on them. California is the highest taxes

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Speaker 1: on gas anywhere in the nation. And because of the requirements,

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Speaker 1: Californias can't use regular gas like the rest of the nation.

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Speaker 1: We have to use special gas and it requires extra

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Speaker 1: work to produce, extra costs, and and because of that,

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Speaker 1: you have to take the oil and it goes through

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Speaker 1: a refiner. With refinery it turns the oil into gasoline

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Speaker 1: because obviously we can't put oil in our gas inc

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Speaker 1: uh and and it has to be turned into gasoline

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Speaker 1: through refineries. But California has been shutting down refineries. We

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Speaker 1: have less refineries, less less, less, less less, and now

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Speaker 1: we only have a few refineries left and turns out

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Speaker 1: once in a while, you know, one's got to be

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Speaker 1: serviced and things like that. Situations happened where it declines

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Speaker 1: its output. And we're very, very susceptible because we've lost

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Speaker 1: most of our refineries. Why because of the regulations. So

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Speaker 1: that's why gas crisis are so high. It's always the government. Um,

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Speaker 1: the free market could figure that out. Um. What Biden did,

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Speaker 1: what he said, he took credit for We've talked about

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Speaker 1: this before. Was he has been releasing the strategic petroleum reserves.

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Speaker 1: That's our oil reserves. So the United States after the seventies,

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Speaker 1: we had this uh huge oil crisis um where you

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Speaker 1: could only get gas on like odd and even number

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Speaker 1: days based off of what your license plate was. UM.

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Speaker 1: Massive inflation caused this. And because after that, coming out

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Speaker 1: of the end of the eighties, we thought maybe it'd

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Speaker 1: be good to like have a stockpile just in case

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Speaker 1: we have this. So we'll talk about that more in

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Speaker 1: a minute. Were gonna talk about the things that just happened.

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Speaker 1: And really the war that the Federal Reserve is waging

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Speaker 1: on your retirement account and your real estate and every

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Speaker 1: other asset is a war that they can't win. And

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Speaker 1: of course, yes, it all comes back to the oil.

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Speaker 1: So if you care about your retirement acount, if you

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Speaker 1: care about your real estate, if you care about your biitcoin, uh,

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Speaker 1: then you care about what the Feds doing with the oil.

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Speaker 1: So I'm gonna break all this down as a big show.

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Speaker 1: Hopefully I can get through it all. I'm wanna talk

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Speaker 1: really quick, do not miss it. I'm gonna take a break,

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Speaker 1: I'll be back in a minute. All right, welcome back.

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Speaker 1: You are listening to the Mark mo Show. We're talking

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Speaker 1: about the decentralized revolution, of course each and every week,

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Speaker 1: and we're talking about it today. We're talking about it

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Speaker 1: in a little granular detail, but I'm gonna expand on it,

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Speaker 1: so you're gonna really understand how it's affecting things today,

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Speaker 1: how it's affecting you at the pump, but how it's

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Speaker 1: really exaggerating or really the catalyst for continuing to break

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Speaker 1: this world apart into this decentralized world that I'm talking about.

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Speaker 1: It's my thesis. So we're talking about gas prices record high,

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Speaker 1: broke their June record. Um Biden took credit for bringing

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Speaker 1: the prices back down. How did he do that? Well,

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Speaker 1: he was dumping our strategic petroleum reserves sprs, and so

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Speaker 1: I was saying, how, um, we had this massive energy

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Speaker 1: crisis in the seventies. Uh, lines for hours. You can

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Speaker 1: only get gas every couple of days. Lines stretched out

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Speaker 1: for hours and hours and hours. Sometimes you'd wait in

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Speaker 1: the line for hours. You couldn't even get gas when

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Speaker 1: you got there. You can only get a little bit

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Speaker 1: of gas, et cetera. It was a big problem. Massive

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Speaker 1: inflation really hurt the economy. So in the eighties we said, well,

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Speaker 1: let's let's get these reserves so that you know, we

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Speaker 1: have savings, so like in case we have a shortage,

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Speaker 1: like we have savings, which is like pretty good. And

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Speaker 1: as a matter of fact, I recommend each of you

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Speaker 1: have some savings in your bank account. If you don't

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Speaker 1: work on it, cut back on your spending. Build up

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Speaker 1: those savings because a storm is coming and you're probably

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Speaker 1: gonna want to have a little bit of reserves. And

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Speaker 1: that's exactly what the oil was. Now Biden wants to

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Speaker 1: take credit for bringing down the gas prices, so he's

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Speaker 1: been dumping our oil reserves. Our savings are rainy day fund.

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Speaker 1: We're not in a rainy day. There's no storm coming,

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Speaker 1: there's no emergency. But yeah, they've been dumping in his

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Speaker 1: matter of fact, now the spr is at its lowest

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Speaker 1: level since the eighties, which is when we started to

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Speaker 1: accumulate them. So uh, it's as as we were filling

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Speaker 1: those reserves were all the way back to there. Um

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Speaker 1: when Trump was president, he wanted to top them off

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Speaker 1: so they weren't a hunter percent fold. He wanted to

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Speaker 1: top them off um. He had made a deal to

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Speaker 1: buy oil for I think twenty twenty or twenty five

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Speaker 1: dollars per barrel at that time. Um. And he was

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Speaker 1: really trying to uh, this is coming out of the pandemic.

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Speaker 1: Um And he was really trying to help the oil

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Speaker 1: companies kind of get back on footing. And so he's like, hey,

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Speaker 1: we'll just buy you know, we'll top them off at

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Speaker 1: twenty bucks barrel. Well, Biden is now wanted to want

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Speaker 1: to buy some some oil. We're gonna come back to

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Speaker 1: this in a minute, but want to buy some oil

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Speaker 1: from OPEC, which is the Middle East. Um An. He

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Speaker 1: want to buy it for eighty dollars a barrel. Now,

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Speaker 1: when Trump wanted to buy it, he was accused of

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Speaker 1: of supporting big oil and how dare he support these

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Speaker 1: big monopolies? Um? But now that was the twenty bucks.

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Speaker 1: Biden wants to bide eighty bucks and instead give it

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Speaker 1: to Saudi Arabia, who uh you know they're giving diplomatic

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Speaker 1: community to killing a Washington Post reporter and uh all

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Speaker 1: the other human crisis situations they have going on over there.

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Speaker 1: So we'll give it, you know, how dare we support

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Speaker 1: American business? The twenty bucks. Let's give it to OPEC

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Speaker 1: Middle East the eighty bucks. Anyway, that's a whole different story.

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Speaker 1: So anyway, Biden said, hey, you know, we brought these

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Speaker 1: prices down. I did this. I took credit. Well, if

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Speaker 1: he took credit for bringing it down, does he take

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Speaker 1: credit for it going back up again and breaking the record.

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Speaker 1: I'd like to know the answer to that question. Of

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Speaker 1: course he won't. Of course he doesn't. And of course

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Speaker 1: they have a story or I should say an excuse.

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Speaker 1: I might even say a lie to cover it up.

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Speaker 1: So as we always see the new White House Press secretary,

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Speaker 1: UM who I am not a fan of Um. I

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Speaker 1: was not a fan of the previous one. Jen Saki

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Speaker 1: remember her. I'll circle back, I'll circle back. Oh yeah,

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Speaker 1: I'll check that. I'll circle back, I'll circle back. She

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Speaker 1: never had an answer for anybody. It was always all

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Speaker 1: circle back, I'll circle back. She never had an answer

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Speaker 1: compared to who was there before her, which was Trump's

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Speaker 1: Press secretary, UM who was so sharp. I mean she

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Speaker 1: had an answer for every single question. And if you

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Speaker 1: remember doing the Trump administration, I mean in the in

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Speaker 1: the in the press briefings, they would just get hammered

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Speaker 1: with questions and she would just stand there and just

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Speaker 1: handle everyone. Then jan Zachie came in and was like,

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Speaker 1: I'll circle back. I'll circle back, I'll circle back. I

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Speaker 1: never have information. Now we have Karrenan Jean Pierre, and

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Speaker 1: she just straight lies. Um, maybe she doesn't lie. Maybe

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Speaker 1: she's just reading the talking point they gave her. Maybe

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Speaker 1: she doesn't know she's lying. Maybe we'll give her the

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Speaker 1: benetth of the doubt. So she says, in regards to

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Speaker 1: um the situation that's going on, she says, quote, it's

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Speaker 1: clear that OPEC is aligning with Russia. It's Russia. It's

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Speaker 1: all Russia's fault. It's clear OPEC aligning with Russia with

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Speaker 1: today's announcement. We're dealing with a time where the global

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Speaker 1: economy is responding to Putin's war. So by making this decision,

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Speaker 1: it's going to have an effect on low and middle

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Speaker 1: economic income countries. She said, Is that true? So we're

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Speaker 1: gonna dig into this. I want to break this down

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Speaker 1: for you a little bit. I want to show you

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Speaker 1: what the Feds do into your retirement account and how

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Speaker 1: this has something to do with oil. This is the

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Speaker 1: battle of m hmm. Maybe not quite the battle of

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Speaker 1: our lifetime, but it might be the biggest battle that

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Speaker 1: we've seen. Probably there's bigger ones ahead of us, but

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Speaker 1: this might be the biggest one we've seen. So um,

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Speaker 1: it's clear it's OPEC. OPEC is doing it. What's OPEC

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Speaker 1: doing I'm gonna talk about that in a second, But

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Speaker 1: is it really? Is it really Opec? So? Um? Well, okay,

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Speaker 1: let's talk about OPEC. So OPEC just announced that they

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Speaker 1: are going to cut production. Look, this is super simple,

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Speaker 1: super super super simple. Okay. Price is a h outcome

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Speaker 1: of supply and demand. If I have more supply than

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Speaker 1: I have demand for, then prices come down. If I

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Speaker 1: have more demand than I have supply for it, prices

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Speaker 1: go up. Super super simple. Look, an elementary kid can

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Speaker 1: understand this. So if the demand for oil stays the

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Speaker 1: same and we cut the supply, what happens, Oh yeah,

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Speaker 1: the price goes up. If we increased supply, what happens?

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Speaker 1: Oh yeah, price would go down? Super super simple. Right.

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Speaker 1: So Biden and the Biden administration has been manipulating the

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Speaker 1: oil markets by dumping the spr reserves and on top

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Speaker 1: of that, through the futures market, and this, uh, what

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Speaker 1: Putin's deemed the the economy of imaginary wealth. He's talking

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Speaker 1: about the Fiat money system, Wall Street, all these derivatives,

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Speaker 1: finance with the rivers, futures, contracts, and so um OPEC

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Speaker 1: is saying, look, you guys are completely manipulating the market. Um,

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Speaker 1: the market is completely separated from reality. In by dumping

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Speaker 1: these reserves, by doing all this financial manipulation, you guys

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Speaker 1: are messing with things. And so OPEC said, we're going

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Speaker 1: to cut oil production by two million barrels per day

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Speaker 1: to shore up the prices. What does that mean? To

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Speaker 1: shore up the prices? To keep the prices up, That's

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Speaker 1: what it means, shored up by keeping them up, So

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Speaker 1: OPEC wants to keep the prices of oil up. So, Um,

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Speaker 1: that's the problem. Gas prices go up, that's the problem.

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Speaker 1: So what would be a better way to counter that?

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Speaker 1: Maybe create more oil that might be a way to

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Speaker 1: counter But no, no, no, no, that would be too simple.

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Speaker 1: As a matter of fact. Um, just this week on

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Speaker 1: October six, by the Biden administration wigs whether to shrink

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Speaker 1: offshore drilling leases again, let's just cut more leases, Let's

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Speaker 1: just cut more production. So at a time when press

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Speaker 1: secretary says, quote OPEX aligning with Russia. Um, the economy

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Speaker 1: is responding to Putin's war. So because OPEC wants to

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Speaker 1: cut production, then that's an attack there. Now they're aligned

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Speaker 1: with Russia, and instead of US trying to sank to

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Speaker 1: counter that, we're going to cut more production. So are

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Speaker 1: we also agents for Putin? If OPEC is going to

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Speaker 1: drop production and that's aligned with with Russia, then if

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Speaker 1: the US reduces production, does that mean the US is

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Speaker 1: also a line of Russia against the US people. I mean,

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Speaker 1: that's how logic would paint that. I'm certainly not saying that,

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Speaker 1: but what she's saying makes it sound like that. Now,

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Speaker 1: on top of that, we saw some other big news.

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Speaker 1: The Biden administration issues the fewest oil and gas drilling

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Speaker 1: leases since nineteen forties. Since so we've seen the fewest

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Speaker 1: amount of new drilling leases since the nineteen forties. So again,

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Speaker 1: if if OPEX reducing production and the US is reducing production,

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Speaker 1: what does that mean? Anyway, I'm gonna talk more about this.

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Speaker 1: I'm gonna talk more about how this is going to

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Speaker 1: break up the world and more specfically, the attack on

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Speaker 1: your retirement account and your wealth your real estate as well.

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Speaker 1: I'll be back with that in moren a minute. You're

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Speaker 1: listening to the markmas Show. Don't go away, I'll be

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Speaker 1: right back. All right, welcome back. You are listening to

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Speaker 1: the Mark Moa Show. We're talking about something that's hitting

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Speaker 1: you in your pocketbook today as prices have broken their

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Speaker 1: all time record set in June. But I'm breaking it

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Speaker 1: down to what's happening. And of course we're drawing that

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Speaker 1: all the way back to my thesis of the world

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Speaker 1: breaking apart, moving into a decentralized world. So we'll talk

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Speaker 1: about that, and I want to talk about how it

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Speaker 1: affects not just how much you put not not not

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Speaker 1: just how much it costs you to fill up your

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Speaker 1: car to go to get a car to go to work,

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Speaker 1: but what it what the real effect is on your wealth.

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Speaker 1: And I don't just mean how much stake you can buy.

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Speaker 1: I'm talking about your retirement account. I'm talking about your

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Speaker 1: real estate, your house, I'm talking about all that. So

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Speaker 1: this goes deep, but we have to kind of set

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Speaker 1: it up and we'll build it up to it. So

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Speaker 1: um Per, the White House Press Secretary um OPEC is

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Speaker 1: aligning with Russia because they're cutting production. They're cutting production

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Speaker 1: because they want their price to stay high. Look, if

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Speaker 1: you sell a product, you want to sell it for

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Speaker 1: a certain price, right, and if you overflood the market,

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Speaker 1: you're gonna bring the price down. So why would you

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Speaker 1: do that? Right? If it costs me, you know, a

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Speaker 1: certain x amount of dollars to create this product, and

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Speaker 1: I want to have a certain amount of profit, Um,

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Speaker 1: and I have to give up. So in in their

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Speaker 1: in their case, Um, they have oil in the ground. Um,

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Speaker 1: there's a cost to get that oil out of the ground. Um.

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Speaker 1: Why and then they want to make a certain amount

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Speaker 1: of profit, so they want to sell it for whatever

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Speaker 1: hunter bucks of barrel. Okay, why would they give the

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Speaker 1: market more supply than it needs to bring the price

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Speaker 1: down to fifty six bucks or whatever it may be.

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Speaker 1: Why wouldn't they just keep the oil in the ground

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Speaker 1: and just sell it a little slowly and keep that price,

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Speaker 1: Which is exactly what they're doing now For the Press secretary, Um,

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Speaker 1: they're aligning with Russia. That's an attack on Putin's war.

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Speaker 1: That's not making the case. Well, then the US is

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Speaker 1: also attacking. They're also aligned with Russia. Because the US

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Speaker 1: is doing the same thing, as I made the case.

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Speaker 1: This week, anounce announced I came about the Biden administration

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Speaker 1: ways whether to shrink the offshore drilling leases. So they

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Speaker 1: want to shrink more leases, let's get less oil out

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Speaker 1: of the ground. That's this week, that's what they're talking about.

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Speaker 1: On top of that, Uh, since the Biden administration issued

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Speaker 1: the fewest oil and gas drilling leases since, restricting US

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Speaker 1: companies from bringing more oil to the market. Sort of

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Speaker 1: like what OPEC is doing the same thing. So you're

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Speaker 1: being gas lit, you're being lied to. It's a form

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Speaker 1: of psychological torture warfare against you. You don't understand the situation.

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Speaker 1: You don't understand how big this really is. So let's

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Speaker 1: keep going, all right. So, as I said, OPEC decided

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Speaker 1: to cut production by two million barrels. That's kind of

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Speaker 1: what triggered this. UM. And of course why wouldn't they

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Speaker 1: write they want to keep the prices up a little bit.

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Speaker 1: They need to make the money. Um. You know, in

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Speaker 1: the US, it's like it's like it's great for the U.

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Speaker 1: S economy, it's good for jobs, it's good for tax revenues. UM.

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Speaker 1: We love to see American business do great. UM. But

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Speaker 1: in the Middle East, it is their economy, it's everything.

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Speaker 1: They need that money for all their social programs. They

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Speaker 1: can't just afford to lose that money. In the US,

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Speaker 1: it's like, you know, part of what we do, right,

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Speaker 1: but in in Middle East, it's everything. Um, it's everything there. Now, UM,

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Speaker 1: let's dig into this a little bit more so. Um,

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Speaker 1: the Biden administration has been, you know, going back and

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Speaker 1: forth on what it's going to do, kind of trying

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Speaker 1: to see what was going to be happening with OPEC.

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Speaker 1: So now this is like this tip for tap. This

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Speaker 1: is a war, but the war is really being fought

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Speaker 1: on a different level. I'm gonna break this down, but

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Speaker 1: this this the surface level war is now. Um. Biden

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Speaker 1: was like, well, maybe we won't keep maybe we won't

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Speaker 1: continue to release the spr um if Opec, if you

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Speaker 1: don't cut your production, we'll buy um from you, and

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Speaker 1: we'll fill up our sprs as I was talking about

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Speaker 1: earlier at eighty bucks a barrel. So don't don't cut,

424
00:21:58,600 --> 00:22:01,080
Speaker 1: don't don't cut Opec, We'll buy it from you. Remember

425
00:22:01,160 --> 00:22:04,360
Speaker 1: Trump was horrible because we wanted to prop up the

426
00:22:04,480 --> 00:22:08,760
Speaker 1: US energy industry. Um. Now Biden is saying don't cut,

427
00:22:08,800 --> 00:22:12,600
Speaker 1: and we'll prop up the Middle East countries at eighty

428
00:22:12,600 --> 00:22:15,600
Speaker 1: bucks instead of twenty bucks. Just think about that. But

429
00:22:16,119 --> 00:22:18,720
Speaker 1: um so now so now Biden's like, Okay, well, I

430
00:22:18,760 --> 00:22:20,320
Speaker 1: guess if you're going to cut the oil production by

431
00:22:20,320 --> 00:22:22,040
Speaker 1: two mills a day, then I guess we're back to

432
00:22:22,640 --> 00:22:26,680
Speaker 1: releasing the sprs again that are already at their lowest

433
00:22:26,760 --> 00:22:30,040
Speaker 1: levels since we first started filling them up. How much

434
00:22:30,080 --> 00:22:32,720
Speaker 1: lower can they go? The answer is not that much lower.

435
00:22:32,760 --> 00:22:38,320
Speaker 1: So what's going to happen? Well, most likely, um we

436
00:22:38,359 --> 00:22:42,679
Speaker 1: have about another month before midterms. Most likely they won't

437
00:22:42,720 --> 00:22:46,840
Speaker 1: care about gas prices after that, so probably see the

438
00:22:47,480 --> 00:22:49,159
Speaker 1: or the SPR is going to run out. One or

439
00:22:49,160 --> 00:22:51,320
Speaker 1: the other is going to happen all right before that.

440
00:22:51,400 --> 00:22:53,800
Speaker 1: But um, let's dig in a little bit deeper, because

441
00:22:53,800 --> 00:22:58,520
Speaker 1: there's actually something much deeper at play here. And this

442
00:22:58,560 --> 00:22:59,919
Speaker 1: is what I want to get into. This is actually

443
00:23:00,080 --> 00:23:02,639
Speaker 1: something much deeper at place. So what am I talking about?

444
00:23:02,840 --> 00:23:04,760
Speaker 1: Let's get into the Federal Reserve. Let's talk about your

445
00:23:04,760 --> 00:23:07,119
Speaker 1: retirement accounts, talk about your real estates, talk about your bitcoin,

446
00:23:08,200 --> 00:23:10,080
Speaker 1: let's talk about your wealth. Let's talk about that. So

447
00:23:10,160 --> 00:23:12,960
Speaker 1: there's something much much deeper going on. Like the real

448
00:23:13,040 --> 00:23:18,720
Speaker 1: attacks on you, and it's not necessarily from the government,

449
00:23:19,160 --> 00:23:23,040
Speaker 1: it's actually at this central bank level. So what am

450
00:23:23,080 --> 00:23:26,200
Speaker 1: I talking about? So? Um, you know, if you tune

451
00:23:26,200 --> 00:23:28,520
Speaker 1: in regularly, if you don't tune inter regularly, then then

452
00:23:28,560 --> 00:23:31,320
Speaker 1: you should. So if you're listening on the radio nowhorries

453
00:23:31,359 --> 00:23:33,919
Speaker 1: just you know, makes put a put a calendar reminder

454
00:23:33,960 --> 00:23:37,000
Speaker 1: to join me every week on this channel at this time. Um,

455
00:23:37,119 --> 00:23:38,800
Speaker 1: if you're listening to the podcast or whatever, fine, you

456
00:23:38,800 --> 00:23:40,159
Speaker 1: can go back and listen to the old episodes of

457
00:23:40,160 --> 00:23:43,160
Speaker 1: the podcast to get caught up. But the Federal Reserve

458
00:23:43,400 --> 00:23:47,600
Speaker 1: is attacking you individually. What do I mean by that?

459
00:23:48,240 --> 00:23:50,760
Speaker 1: They say that they are a h percent focused. They

460
00:23:50,760 --> 00:23:54,680
Speaker 1: are committed on bringing down inflation. They say the prices

461
00:23:54,680 --> 00:23:57,760
Speaker 1: of things are going too high. The price of gas

462
00:23:57,960 --> 00:24:00,440
Speaker 1: is going to eye, the price of state, the price

463
00:24:00,480 --> 00:24:02,840
Speaker 1: all these things are going too high, and they are

464
00:24:02,880 --> 00:24:05,560
Speaker 1: committed to bring them down. Their goal is to percent inflation,

465
00:24:05,920 --> 00:24:08,879
Speaker 1: and we're at over eight percent inflation. Their way above

466
00:24:08,920 --> 00:24:12,320
Speaker 1: their target. So they're committed. They're trying to gain credibility.

467
00:24:12,400 --> 00:24:14,879
Speaker 1: Look like, we know we've lost control, but we can

468
00:24:14,920 --> 00:24:18,680
Speaker 1: get things back. Don't worry, don't worry. But remember, prices

469
00:24:20,160 --> 00:24:24,440
Speaker 1: are an outcome of supply and demand. So if prices

470
00:24:24,440 --> 00:24:27,600
Speaker 1: are going up, that means one of two things is happening.

471
00:24:27,880 --> 00:24:31,920
Speaker 1: One there's too much demand for the products, or there's

472
00:24:32,200 --> 00:24:34,959
Speaker 1: not enough supply, or gonna be a combination of both. Right,

473
00:24:36,040 --> 00:24:38,920
Speaker 1: so the Federal Reserve is going to bring prices down.

474
00:24:38,920 --> 00:24:41,600
Speaker 1: But how how are they going to bring prices down? Well,

475
00:24:41,640 --> 00:24:45,120
Speaker 1: they could add more supply, or they could reduce demand.

476
00:24:45,200 --> 00:24:48,600
Speaker 1: And of course the Federal Reserve can't print more oil,

477
00:24:49,280 --> 00:24:51,600
Speaker 1: or more food or more clothes. They can't print that.

478
00:24:53,119 --> 00:24:55,919
Speaker 1: So since they can't add more supply, what can they do.

479
00:24:56,040 --> 00:24:58,440
Speaker 1: They can crush the demand. And of course they've said,

480
00:24:58,480 --> 00:25:01,000
Speaker 1: so I've talked about this extensively over the last couple

481
00:25:01,040 --> 00:25:04,480
Speaker 1: of months. They are going to crush demand. They want

482
00:25:04,520 --> 00:25:07,320
Speaker 1: to bring your stock, your retirement accounts down, they want

483
00:25:07,359 --> 00:25:09,480
Speaker 1: your real estate to drop him down, and even worse

484
00:25:09,520 --> 00:25:14,040
Speaker 1: than that, they want your wages to go down. Your

485
00:25:14,160 --> 00:25:17,280
Speaker 1: wages going up is a big, big problem for them,

486
00:25:17,440 --> 00:25:19,320
Speaker 1: and they've said, so, this is not a conspiracy. They've said,

487
00:25:19,359 --> 00:25:22,280
Speaker 1: so go back and listen to my old shows, because

488
00:25:22,359 --> 00:25:26,280
Speaker 1: what happens is when unemployment is very low, employers will

489
00:25:26,320 --> 00:25:30,280
Speaker 1: have to compete for employees. Right. Hey, I'm an employer.

490
00:25:30,320 --> 00:25:32,600
Speaker 1: I'm trying to hire. I have these jobs open. Uh,

491
00:25:32,640 --> 00:25:35,000
Speaker 1: there's not a lot of candidates. The employment markets very low,

492
00:25:35,240 --> 00:25:38,800
Speaker 1: So I'm gonna have to give more money or more

493
00:25:38,920 --> 00:25:42,879
Speaker 1: options or more benefits to entice people to come. But

494
00:25:42,960 --> 00:25:45,280
Speaker 1: the fact that I have to pay my new employees

495
00:25:45,400 --> 00:25:48,919
Speaker 1: more money means that I'm gonna have to raise my prices,

496
00:25:49,280 --> 00:25:51,880
Speaker 1: and that goes exactly against what the Fodder Reserve wants.

497
00:25:51,960 --> 00:25:55,560
Speaker 1: They need prices to come down. They cannot have your

498
00:25:55,560 --> 00:26:01,040
Speaker 1: wages going up. Your interests of making more money and

499
00:26:01,080 --> 00:26:04,080
Speaker 1: having a better quality of life is in direct conflict

500
00:26:04,400 --> 00:26:09,560
Speaker 1: to what the Federal Reserve wants. Your retirement account going

501
00:26:09,680 --> 00:26:12,879
Speaker 1: up or even holding its value is in direct conflict

502
00:26:12,960 --> 00:26:15,959
Speaker 1: to what the Federal Reserve wants. The Federal Reserve needs

503
00:26:16,000 --> 00:26:20,480
Speaker 1: to bring down prices. There. They said they're committed to

504
00:26:21,119 --> 00:26:25,040
Speaker 1: sticking with it with what crushing demand until the job

505
00:26:25,119 --> 00:26:27,720
Speaker 1: is done, until what job, until inflation is backed down.

506
00:26:27,760 --> 00:26:29,600
Speaker 1: So the only thing they do is crush demand. But

507
00:26:29,680 --> 00:26:33,880
Speaker 1: here's the thing, it's not really a demand problem. It's

508
00:26:33,920 --> 00:26:37,280
Speaker 1: a supply problem that we have. It's not a demand problem,

509
00:26:37,359 --> 00:26:39,760
Speaker 1: meaning it's not that there's way too many people buying

510
00:26:39,800 --> 00:26:41,800
Speaker 1: too many things. I'm not driving any more than I

511
00:26:41,840 --> 00:26:43,359
Speaker 1: used to. I'm not flying any more than I used to.

512
00:26:43,440 --> 00:26:45,960
Speaker 1: Probably you aren't either. It's not demand problem, it's a

513
00:26:46,040 --> 00:26:50,280
Speaker 1: supply problem. We don't have enough supply. Why don't we

514
00:26:50,359 --> 00:26:52,640
Speaker 1: have enough supply? Well, it goes back to what I said.

515
00:26:52,680 --> 00:26:56,639
Speaker 1: Biden's released the least amount of leases since the nineteen forties.

516
00:26:57,440 --> 00:27:00,159
Speaker 1: It's an all out attack on this. So you have

517
00:27:00,200 --> 00:27:04,480
Speaker 1: a supply problem. But the FED is attacking a demand

518
00:27:04,760 --> 00:27:09,440
Speaker 1: side problem. They're fighting the wrong war. And now OPEC

519
00:27:09,920 --> 00:27:13,199
Speaker 1: has taken the fight back to the FED. All right,

520
00:27:13,480 --> 00:27:15,520
Speaker 1: Now we're witness in a war between the FED NOPEC.

521
00:27:15,640 --> 00:27:19,360
Speaker 1: Then this is where it gets so interesting. You don't

522
00:27:19,359 --> 00:27:21,240
Speaker 1: want to miss this. It has a lot to do

523
00:27:21,359 --> 00:27:24,360
Speaker 1: with what is going to happen with your future retirement accounts.

524
00:27:24,560 --> 00:27:26,800
Speaker 1: Um here listening to the markmas Show. I'll be back

525
00:27:26,840 --> 00:27:28,800
Speaker 1: with all of this and more in a minute. You

526
00:27:28,840 --> 00:27:30,680
Speaker 1: don't want to miss it, so don't go away. I'll

527
00:27:30,720 --> 00:27:33,000
Speaker 1: be your back. All right, welcome back. You are listening

528
00:27:33,040 --> 00:27:35,320
Speaker 1: to the Mark Maas Show. We talk about the decentralized

529
00:27:35,480 --> 00:27:37,520
Speaker 1: revolution each and every week, we talk about the way

530
00:27:37,560 --> 00:27:40,840
Speaker 1: the world is swinging from centralization back to decentralization, do

531
00:27:40,920 --> 00:27:44,920
Speaker 1: the lens of politics, finance, and technology, technology of course

532
00:27:44,960 --> 00:27:47,960
Speaker 1: being bitcoin, which is going to revolutionize the world. But

533
00:27:48,000 --> 00:27:51,960
Speaker 1: today we're talking more specifically about the financial side, and yes,

534
00:27:52,000 --> 00:27:55,480
Speaker 1: even kind of the political side. So, um, the Federal

535
00:27:55,520 --> 00:27:59,520
Speaker 1: Reserve is attacking the supply side, I'm sorry, the demand side.

536
00:27:59,760 --> 00:28:04,200
Speaker 1: They want to make you pour so you buy less. Right.

537
00:28:05,160 --> 00:28:10,119
Speaker 1: The Fed has mandates full employment, stable prices, of which

538
00:28:10,400 --> 00:28:13,040
Speaker 1: we certainly don't have stable prices, right, But the problem

539
00:28:13,119 --> 00:28:16,840
Speaker 1: is their mandate does not make sure that there's a

540
00:28:17,280 --> 00:28:21,879
Speaker 1: global energy production. And remember, I'm making the case that

541
00:28:22,119 --> 00:28:24,879
Speaker 1: the problem with prices going so high is not that

542
00:28:24,920 --> 00:28:27,800
Speaker 1: we have too many people buying gas or buying oil.

543
00:28:28,480 --> 00:28:30,919
Speaker 1: That's part of it, but we have we don't have

544
00:28:31,080 --> 00:28:35,520
Speaker 1: enough supply because the USS shut down production, because Venezuela

545
00:28:35,560 --> 00:28:38,000
Speaker 1: fell off, because the rush of the grain war, because opex,

546
00:28:38,280 --> 00:28:41,640
Speaker 1: all of these factors. It's a supply side thing. Now, look,

547
00:28:41,640 --> 00:28:43,880
Speaker 1: when it comes to inflation, we're talking about prices going up.

548
00:28:44,200 --> 00:28:47,960
Speaker 1: There's maybe bad inflation, maybe there's like some good inflation,

549
00:28:49,640 --> 00:28:53,240
Speaker 1: but like bad inflation is caused by elevated energy prices.

550
00:28:53,240 --> 00:28:55,920
Speaker 1: Now you don't maybe don't understand this, but when oil

551
00:28:55,960 --> 00:29:02,360
Speaker 1: prices go up, everything goes up. Everything. Your shoes, your tires,

552
00:29:02,560 --> 00:29:06,480
Speaker 1: your clothes, your your cell phone, those cannot be made

553
00:29:06,960 --> 00:29:12,200
Speaker 1: without oil. Petrochemicals, your detergents, your cleaners, those can't be

554
00:29:12,280 --> 00:29:17,400
Speaker 1: made without oil. They can't be the the components, the

555
00:29:17,400 --> 00:29:21,040
Speaker 1: commanderies can be brought out of the ground without oil.

556
00:29:21,320 --> 00:29:23,760
Speaker 1: They can't be transported to to to a process in

557
00:29:23,760 --> 00:29:26,320
Speaker 1: the center without oil. They can't be sailed on a

558
00:29:26,320 --> 00:29:29,600
Speaker 1: ship across to China without oil. They can't be delivered

559
00:29:29,600 --> 00:29:31,719
Speaker 1: back to America for assembly without oil. They can't be

560
00:29:31,800 --> 00:29:34,880
Speaker 1: taken to the store you eventually buy that without oil.

561
00:29:34,920 --> 00:29:36,440
Speaker 1: You can't go to the store and buy without oil,

562
00:29:36,560 --> 00:29:39,120
Speaker 1: or Amazon can't deliver without Like, when oil goes up,

563
00:29:39,240 --> 00:29:41,520
Speaker 1: everything in the world goes up, period everything, and it

564
00:29:41,520 --> 00:29:44,560
Speaker 1: goes up exponentially because of how much oil is used

565
00:29:44,680 --> 00:29:47,760
Speaker 1: just for the one part that you're getting. So when

566
00:29:48,000 --> 00:29:53,200
Speaker 1: energy prices get elevated, everything goes up, all right, But

567
00:29:53,560 --> 00:29:55,520
Speaker 1: when energy prices got so high to a hundred dollars,

568
00:29:55,520 --> 00:29:56,680
Speaker 1: it pushed the price of the things so up the

569
00:29:56,680 --> 00:29:58,480
Speaker 1: FED had to act. Will shoot, now, we've got to

570
00:29:58,520 --> 00:30:00,960
Speaker 1: bring prices back down. But like I said, the problem

571
00:30:01,000 --> 00:30:02,840
Speaker 1: is the way to reduce the price of oil is

572
00:30:02,920 --> 00:30:07,800
Speaker 1: to produce more of it or consume less of it.

573
00:30:08,400 --> 00:30:11,840
Speaker 1: Produce more or consume less. Now you would think the

574
00:30:11,880 --> 00:30:15,160
Speaker 1: Federal Reserve and the President, the administration, all their buddies,

575
00:30:15,200 --> 00:30:18,440
Speaker 1: all those other things that are aggressively intervening in the

576
00:30:18,480 --> 00:30:23,000
Speaker 1: market would try to do You think they'd understand this,

577
00:30:23,120 --> 00:30:28,120
Speaker 1: I guess right. But instead of trying to finance production,

578
00:30:28,240 --> 00:30:32,240
Speaker 1: incentivize production, um, they shut it down and nobody wants

579
00:30:32,280 --> 00:30:35,440
Speaker 1: to invest more into it when there's constant threats of

580
00:30:35,520 --> 00:30:40,560
Speaker 1: excessive profits, you know, tax on profits, carbon taxes, um, nationalization,

581
00:30:40,800 --> 00:30:44,239
Speaker 1: price caps. These are all the things the governments threatening. Hey,

582
00:30:44,240 --> 00:30:48,080
Speaker 1: we're gonna fix the price. We're gonna tax your excess profits. Right, um,

583
00:30:48,440 --> 00:30:50,400
Speaker 1: potentially we're gonna take you over. So who's going to

584
00:30:50,480 --> 00:30:53,200
Speaker 1: invest in the environment. The answer is nobody, right, So

585
00:30:53,240 --> 00:30:57,640
Speaker 1: the FED has been forced to um basically try to

586
00:30:57,680 --> 00:31:02,280
Speaker 1: attack the energy consumption. So here's what we can do.

587
00:31:03,120 --> 00:31:07,440
Speaker 1: How could we how could we reduce energy consumption? Well,

588
00:31:07,480 --> 00:31:10,240
Speaker 1: what we could do is we can create a global depression.

589
00:31:10,520 --> 00:31:12,520
Speaker 1: That's what we could do. So what we'll do is

590
00:31:12,560 --> 00:31:15,720
Speaker 1: we'll just keep raising rates, which is going to push

591
00:31:15,880 --> 00:31:18,560
Speaker 1: all of this pressure onto emerging markets. So now we're

592
00:31:18,600 --> 00:31:21,520
Speaker 1: seeing small nations, the Sri Lanka's, the Lebanons, the Turkeys,

593
00:31:21,800 --> 00:31:27,680
Speaker 1: the Perus, the Equadors, they're all going bust. India now

594
00:31:27,680 --> 00:31:30,240
Speaker 1: we're seeing and move up to higher. Now now Germany, um,

595
00:31:30,280 --> 00:31:33,080
Speaker 1: we're seeing and move higher higher, the UK, they're all

596
00:31:33,120 --> 00:31:36,760
Speaker 1: going bust. So if we create this massive global depression,

597
00:31:36,960 --> 00:31:40,400
Speaker 1: then everyone will be so poor and so broke that

598
00:31:40,440 --> 00:31:43,320
Speaker 1: they just can't buy oil. That that's to do the trick, right,

599
00:31:43,800 --> 00:31:49,880
Speaker 1: that will work. What about closing the wealth gap? What

600
00:31:49,960 --> 00:31:53,160
Speaker 1: about income inequality? What about you know, inclusive economics, what

601
00:31:53,200 --> 00:31:55,640
Speaker 1: about that? Forget all those poor people, let's just make

602
00:31:55,720 --> 00:31:57,600
Speaker 1: them much more portant. Now, the rich are still gonna

603
00:31:57,640 --> 00:31:59,400
Speaker 1: fly around on their private jets because if if gas

604
00:31:59,400 --> 00:32:01,320
Speaker 1: goes up a couple of bucks a gollon like, who cares, Right,

605
00:32:01,360 --> 00:32:04,240
Speaker 1: they're rich, they've got these private jets. What about the

606
00:32:04,240 --> 00:32:07,720
Speaker 1: poor people around the world. We destroy the finances of

607
00:32:07,720 --> 00:32:11,320
Speaker 1: the entire world's poor people and they'll just consume less oil.

608
00:32:11,480 --> 00:32:13,880
Speaker 1: What a genius plan. Now the FED has been doing

609
00:32:13,920 --> 00:32:19,920
Speaker 1: this creating a global economic crisis to reduce global energy consumption.

610
00:32:20,040 --> 00:32:21,640
Speaker 1: And it did a little bit right, we saw the

611
00:32:21,680 --> 00:32:25,520
Speaker 1: price of oil back down. But the problem is is

612
00:32:25,560 --> 00:32:29,400
Speaker 1: that most global citizens they don't actually want a lower

613
00:32:29,440 --> 00:32:33,600
Speaker 1: standard of living. Who would have thought. They still, you know,

614
00:32:34,000 --> 00:32:35,920
Speaker 1: want their standard of living to be the same as

615
00:32:35,920 --> 00:32:39,440
Speaker 1: do us consumers. I do. I still want steak, I

616
00:32:39,440 --> 00:32:41,040
Speaker 1: still want to drive my car, I still want to

617
00:32:41,040 --> 00:32:43,760
Speaker 1: buy a plane ticket. I don't want my life, my

618
00:32:43,760 --> 00:32:47,480
Speaker 1: my quality of living going down. Now. Like I said,

619
00:32:47,520 --> 00:32:50,600
Speaker 1: the Biding administration has been releasing the spr to improve

620
00:32:50,640 --> 00:32:54,479
Speaker 1: their polling numbers, but it's the FED that's really trying

621
00:32:54,520 --> 00:32:58,600
Speaker 1: to attack the standard of living. And basically OPEC says,

622
00:32:58,600 --> 00:33:02,200
Speaker 1: wait a minute, you're trying to crush the global economy

623
00:33:02,280 --> 00:33:05,080
Speaker 1: so that no one buys our product. That's what you're doing.

624
00:33:05,440 --> 00:33:09,160
Speaker 1: So you're basically attacking us by wiping out our clients.

625
00:33:10,400 --> 00:33:13,280
Speaker 1: So OPEC's like, okay, well, let's um, we'll counter that.

626
00:33:13,440 --> 00:33:15,680
Speaker 1: We'll we'll we'll see your war, we'll raise you. So

627
00:33:15,960 --> 00:33:20,120
Speaker 1: we'll just cut production. How's that? Now? No one knows

628
00:33:20,160 --> 00:33:22,400
Speaker 1: how far this will go, how deep these cuts will be.

629
00:33:22,440 --> 00:33:26,840
Speaker 1: They started at a hundred thousand barrels per day. But

630
00:33:26,880 --> 00:33:30,800
Speaker 1: we don't know how far this will go. Uh, it doesn't.

631
00:33:30,800 --> 00:33:34,640
Speaker 1: It doesn't really matter how large they are. The message

632
00:33:34,680 --> 00:33:37,040
Speaker 1: has been clear. Now the shot has been fired across

633
00:33:37,080 --> 00:33:39,160
Speaker 1: the bow. The FED can go ahead and crash the

634
00:33:39,160 --> 00:33:41,280
Speaker 1: global GDP as much as they want in the fight

635
00:33:41,320 --> 00:33:44,959
Speaker 1: against oil. But OPEC they wield a bigger sword. They

636
00:33:45,000 --> 00:33:48,280
Speaker 1: have a larger stick. They'll just cut production. So you

637
00:33:48,320 --> 00:33:50,880
Speaker 1: go ahead, you crush demand to bring prices down, and

638
00:33:50,880 --> 00:33:52,800
Speaker 1: we'll just cut. We'll just cut supply. So you bring

639
00:33:52,800 --> 00:33:54,480
Speaker 1: demand down, we'll bring supply down. And guess what, the

640
00:33:54,480 --> 00:33:58,640
Speaker 1: prices stay the same. Good luck, good luck. So you

641
00:33:58,680 --> 00:34:01,800
Speaker 1: make everybody poor and you don't to achieve anything. You

642
00:34:01,840 --> 00:34:04,200
Speaker 1: wreck your own country. You destroy the lives, the pensions,

643
00:34:04,240 --> 00:34:07,320
Speaker 1: the retirements of all these people. So what oil is

644
00:34:07,320 --> 00:34:08,799
Speaker 1: still the same? As a matter of fact, will make

645
00:34:08,800 --> 00:34:10,680
Speaker 1: oil even more expensive because we're just gonna cut production

646
00:34:10,680 --> 00:34:15,080
Speaker 1: even more. The FED is completely trapped. Oil is gonna

647
00:34:15,120 --> 00:34:18,600
Speaker 1: go higher and the FED is powerless to contain it.

648
00:34:20,239 --> 00:34:25,200
Speaker 1: All right, now, these are the battle lines. That's that's

649
00:34:25,200 --> 00:34:29,200
Speaker 1: a battle. It's a war now. The FED, unfortunately, the FED,

650
00:34:29,239 --> 00:34:31,759
Speaker 1: the Biden administration. Do you think they'd be smarter, but

651
00:34:31,800 --> 00:34:34,960
Speaker 1: they seem to be the last ones to realize anything

652
00:34:35,000 --> 00:34:38,160
Speaker 1: when it comes to economics, so they probably haven't really

653
00:34:38,920 --> 00:34:42,920
Speaker 1: internalized what OPEC just told them. They don't really understand

654
00:34:42,960 --> 00:34:46,839
Speaker 1: this yet. Obviously the Biden administration doesn't per Jean Pierre's

655
00:34:46,840 --> 00:34:50,440
Speaker 1: press release. But guess what the stock market understands it.

656
00:34:51,120 --> 00:34:53,160
Speaker 1: The stock market understands it very well. That's why prices

657
00:34:53,200 --> 00:34:56,080
Speaker 1: are going up a bitcoin. Gold golden bitcoin are going up.

658
00:34:56,480 --> 00:34:59,080
Speaker 1: Why because they know that the FED will have no

659
00:34:59,239 --> 00:35:02,400
Speaker 1: choice but to pivot. They are not pivoting there. They

660
00:35:02,400 --> 00:35:03,960
Speaker 1: are continuing to stay on a tightening path because they're

661
00:35:04,000 --> 00:35:05,919
Speaker 1: trying to bring prices down. But once they realize that, look,

662
00:35:06,320 --> 00:35:08,879
Speaker 1: we don't have the room. We can't do this. It's

663
00:35:08,880 --> 00:35:10,959
Speaker 1: not gonna work as a war we can't win, they'll

664
00:35:10,960 --> 00:35:14,520
Speaker 1: have no choice but to pivot. Which is why again

665
00:35:14,880 --> 00:35:17,640
Speaker 1: golden price are sniffing this out. Now, if if the

666
00:35:17,680 --> 00:35:21,360
Speaker 1: Biden administration the FED really wanted to bring prices down,

667
00:35:22,080 --> 00:35:23,920
Speaker 1: they can't. They can't fight ope because OPEC can just

668
00:35:23,960 --> 00:35:26,000
Speaker 1: keep cut in production. What they could do is they

669
00:35:26,000 --> 00:35:28,200
Speaker 1: could say, well, here's what we're gonna do. We're going

670
00:35:28,239 --> 00:35:32,960
Speaker 1: to increase our supply. That's what we'll do. So OPEC

671
00:35:33,040 --> 00:35:35,000
Speaker 1: go ahead, you cut if you want, cut as much

672
00:35:35,000 --> 00:35:37,399
Speaker 1: as you want. Great, turn it all off. We don't

673
00:35:37,400 --> 00:35:39,840
Speaker 1: even care because guess what, the US is the largest

674
00:35:39,880 --> 00:35:43,600
Speaker 1: producer of oil in the world. Shut it off. We'll

675
00:35:43,640 --> 00:35:46,120
Speaker 1: supply the United States and we'll supply the world. Good luck.

676
00:35:47,400 --> 00:35:49,160
Speaker 1: That's how we could win. You want to bring you want?

677
00:35:49,239 --> 00:35:50,839
Speaker 1: Does the FED? Does the bid administration want to bring

678
00:35:51,080 --> 00:35:53,239
Speaker 1: um oil back down to fifty bucks of barrel? Turn

679
00:35:53,239 --> 00:35:56,600
Speaker 1: it back on, man, turn it on. That's the leverage

680
00:35:56,640 --> 00:36:00,000
Speaker 1: we have. Otherwise, Yeah, we can continue trying to crush

681
00:36:00,320 --> 00:36:02,040
Speaker 1: the GDP of every nation in the world. We can

682
00:36:02,120 --> 00:36:04,640
Speaker 1: make you poor. We can still you know, take away

683
00:36:04,680 --> 00:36:06,839
Speaker 1: your retirement accounts, in your stock acounts. We can crush

684
00:36:06,840 --> 00:36:09,279
Speaker 1: the value of your home by s, so you you'll

685
00:36:09,320 --> 00:36:10,879
Speaker 1: be poor and won't be able to buy anything. But

686
00:36:11,160 --> 00:36:13,839
Speaker 1: we don't control the supply. Open that now, we could

687
00:36:13,840 --> 00:36:16,800
Speaker 1: control the supply. We should control the supply. And that's

688
00:36:16,920 --> 00:36:19,520
Speaker 1: really where it's at now. Uh, that's a big problem

689
00:36:19,560 --> 00:36:21,160
Speaker 1: and it's going to continue to break apart the world.

690
00:36:21,200 --> 00:36:24,359
Speaker 1: Why because there's really only three regions in the world

691
00:36:24,360 --> 00:36:28,080
Speaker 1: where most of the oil comes from Russia, the Middle East,

692
00:36:28,560 --> 00:36:31,719
Speaker 1: in the United States, and as we continue to fight

693
00:36:31,800 --> 00:36:34,959
Speaker 1: over energy, the world will continue to break apart more

694
00:36:35,080 --> 00:36:38,840
Speaker 1: and more and more. But in my opinion, eventually reality

695
00:36:38,920 --> 00:36:41,640
Speaker 1: is going to prevail. I hope anyway. I'm hopeful UH,

696
00:36:41,680 --> 00:36:44,000
Speaker 1: and I think at some point people will realize, shoot,

697
00:36:44,000 --> 00:36:47,799
Speaker 1: we actually need oil to live. We literally cannot have

698
00:36:48,280 --> 00:36:51,600
Speaker 1: any quality of life without oil, and so I think

699
00:36:51,880 --> 00:36:53,479
Speaker 1: they'll figure that out. At some point, the Fed's gonna

700
00:36:53,480 --> 00:36:56,160
Speaker 1: pivot and UH price is going up. It's gonna be

701
00:36:56,200 --> 00:36:58,000
Speaker 1: our problem, not going down. Anyway. You're listening to the

702
00:36:58,000 --> 00:37:00,399
Speaker 1: Markma Show. Thanks so much for listening. Hopefully this makes sense,

703
00:37:00,400 --> 00:37:02,759
Speaker 1: Hopefully it helps your direction. Um, and that's what I

704
00:37:02,760 --> 00:37:03,880
Speaker 1: got for today. Thanks for listening.