1 00:00:00,480 --> 00:00:02,520 Speaker 1: Hello, and welcome to another episode of the Mark Moa 2 00:00:02,640 --> 00:00:08,280 Speaker 1: Show where we talk about the decentralized Revolution, talking about 3 00:00:08,480 --> 00:00:10,760 Speaker 1: each and every week. Up you're catching on by now. 4 00:00:11,240 --> 00:00:14,240 Speaker 1: The world is changing, is changing rapidly before our very eyes. 5 00:00:14,560 --> 00:00:18,480 Speaker 1: A lot of people don't understand why there's so much. Uh, 6 00:00:18,560 --> 00:00:20,240 Speaker 1: it seems like the world's kind of coming to an end, 7 00:00:20,280 --> 00:00:22,960 Speaker 1: right everybody's at each other's throat, toxic civil war in 8 00:00:23,000 --> 00:00:26,840 Speaker 1: the United States. Nations are collapsing all around us right now, 9 00:00:27,040 --> 00:00:29,800 Speaker 1: Sri Lanka and Lebanon and Peru and Ecuador. I mean, 10 00:00:29,840 --> 00:00:33,240 Speaker 1: it's just they're dropping like flies, like what is going on? Well, 11 00:00:34,040 --> 00:00:36,360 Speaker 1: that's what's going on, the decentralized revolution. The world is 12 00:00:36,440 --> 00:00:40,400 Speaker 1: peeked out at peak centralization and reversing course. The financial 13 00:00:40,440 --> 00:00:43,760 Speaker 1: system of the United States has fallen apart. And today 14 00:00:44,400 --> 00:00:49,040 Speaker 1: we saw this, or this week we saw um another 15 00:00:49,280 --> 00:00:53,159 Speaker 1: record of inflation. So everyone, we look. The banks are 16 00:00:53,200 --> 00:00:56,279 Speaker 1: running out of money in China. Like I said, all 17 00:00:56,280 --> 00:00:59,640 Speaker 1: these nations are collapsing um. The e use on the 18 00:00:59,720 --> 00:01:03,200 Speaker 1: verge of collapsing UM. And even in the United States, 19 00:01:03,800 --> 00:01:07,200 Speaker 1: inflation just continues to rage on. Now. I just did 20 00:01:07,200 --> 00:01:09,800 Speaker 1: this really cool video on my main YouTube channel just 21 00:01:09,800 --> 00:01:12,280 Speaker 1: starts Mark Moss YouTube and you can find this video 22 00:01:12,280 --> 00:01:15,639 Speaker 1: I did talking about how um Europe, the European Union 23 00:01:15,720 --> 00:01:18,319 Speaker 1: is on the verge of collapsing. So if you want 24 00:01:18,319 --> 00:01:20,680 Speaker 1: to check that out, go go search out my YouTube channel, 25 00:01:20,680 --> 00:01:23,520 Speaker 1: Mark Moss, and I think it's the last video I did. 26 00:01:24,200 --> 00:01:27,000 Speaker 1: But in the United States, things are not looking so good, 27 00:01:28,440 --> 00:01:32,920 Speaker 1: and that's because we saw another CPI reading at another 28 00:01:33,240 --> 00:01:36,920 Speaker 1: higher number. Now, this is bad for the United States. 29 00:01:37,880 --> 00:01:42,120 Speaker 1: It's bad for your bitcoin, your cryptocurrency, it's bad for 30 00:01:42,160 --> 00:01:45,120 Speaker 1: your stocks, it's bad for your assets. But it's also 31 00:01:45,280 --> 00:01:49,320 Speaker 1: really bad for emerging markets. So let me explain to 32 00:01:49,360 --> 00:01:51,400 Speaker 1: you what is going on now. If you haven't heard 33 00:01:51,400 --> 00:01:55,320 Speaker 1: the news, if you weren't paying attention, the US inflation gauge, 34 00:01:55,360 --> 00:01:59,920 Speaker 1: which is cp I UM hit another four decade high 35 00:02:00,680 --> 00:02:05,080 Speaker 1: of nine point one percent. Man, I've been calling it 36 00:02:05,160 --> 00:02:06,680 Speaker 1: nine for a while because it was eight point six, 37 00:02:06,720 --> 00:02:08,799 Speaker 1: so I just kind of like round it up UM. 38 00:02:08,919 --> 00:02:12,240 Speaker 1: But nine point one now, there's a lot of reasons 39 00:02:12,240 --> 00:02:15,400 Speaker 1: why that's completely false. So for example, I use this 40 00:02:15,560 --> 00:02:18,720 Speaker 1: I I call the CPI, which is the consumer price Index. 41 00:02:18,760 --> 00:02:22,720 Speaker 1: I call it cp LIE because that's because they manipulated 42 00:02:22,800 --> 00:02:25,480 Speaker 1: so much to basically show whatever number they want. And 43 00:02:25,560 --> 00:02:27,720 Speaker 1: so the way it's supposed to work. Bear with me 44 00:02:27,760 --> 00:02:29,320 Speaker 1: for a second if you already know, but it's supposed 45 00:02:29,360 --> 00:02:31,800 Speaker 1: to represent a basket of goods. So if you went 46 00:02:31,800 --> 00:02:33,280 Speaker 1: to the grocery store and you bought a basket of 47 00:02:33,320 --> 00:02:37,120 Speaker 1: goods um in the eighties, then you went back over 48 00:02:37,160 --> 00:02:38,680 Speaker 1: time and you kept buying the same basket of good 49 00:02:38,720 --> 00:02:42,320 Speaker 1: they would track that, so it could basically track somebody's 50 00:02:42,600 --> 00:02:47,280 Speaker 1: quality of living. The problem is they've changed that so 51 00:02:47,320 --> 00:02:50,240 Speaker 1: many times, so they do substitutions. So for example, you 52 00:02:50,360 --> 00:02:52,160 Speaker 1: used to be able to eat steak at every meal, 53 00:02:52,280 --> 00:02:55,080 Speaker 1: and now you have to eat tofu or something like that. Right, 54 00:02:55,400 --> 00:02:58,600 Speaker 1: they downgraded to hamburger meat and then downgrade the turkey 55 00:02:58,639 --> 00:03:01,400 Speaker 1: meat and then down grade tofu. So you can still live, 56 00:03:01,639 --> 00:03:04,280 Speaker 1: you're just not eating steak every day, for example. The 57 00:03:04,360 --> 00:03:07,120 Speaker 1: other thing they do is they'll do like, um, if 58 00:03:07,160 --> 00:03:12,560 Speaker 1: things improve like uh, like uh, your gas your gasoline, Um, 59 00:03:12,600 --> 00:03:14,960 Speaker 1: they put new additives in there so it's better for 60 00:03:15,000 --> 00:03:18,200 Speaker 1: your engine. So since it improved, they don't count the 61 00:03:18,360 --> 00:03:23,919 Speaker 1: cost increase of gasoline. Well, gasolene went up big time, 62 00:03:24,160 --> 00:03:26,520 Speaker 1: so you can see how heavy manipulated. That number is 63 00:03:26,680 --> 00:03:29,440 Speaker 1: Another one they do is that obviously home prices have 64 00:03:29,520 --> 00:03:31,799 Speaker 1: gone up crazy in a lot of areas across the 65 00:03:31,880 --> 00:03:35,720 Speaker 1: United States in some areas, but yet they don't track 66 00:03:35,800 --> 00:03:37,120 Speaker 1: the price of a home. What they do is they 67 00:03:37,160 --> 00:03:39,760 Speaker 1: track something called the rent owners equivalent, And so they 68 00:03:39,800 --> 00:03:44,520 Speaker 1: do some random survey supposedly and ask homeowners what they 69 00:03:44,560 --> 00:03:47,840 Speaker 1: think they could rent their house for. Now. They didn't 70 00:03:47,880 --> 00:03:51,040 Speaker 1: ask me. I don't know who they asked, and they're 71 00:03:51,080 --> 00:03:53,680 Speaker 1: not asking experts like what they think they could have 72 00:03:53,680 --> 00:03:56,400 Speaker 1: rent their house for. What they should be doing maybe 73 00:03:56,440 --> 00:03:59,240 Speaker 1: instead is just looking at the statistics for rent that 74 00:03:59,320 --> 00:04:02,160 Speaker 1: might be better Anyway, many reasons why it's manipulated. Now. 75 00:04:02,320 --> 00:04:03,880 Speaker 1: The things I want to point out before we jump 76 00:04:03,920 --> 00:04:09,560 Speaker 1: into this is that they really overhauled the CPI measurement 77 00:04:09,560 --> 00:04:11,400 Speaker 1: in the eighties, and they really overhauled it again in 78 00:04:11,400 --> 00:04:14,360 Speaker 1: the nineties. If we go back and measure inflation as 79 00:04:14,400 --> 00:04:18,360 Speaker 1: we did in the eighties, were at seventeen or eighteen, 80 00:04:19,440 --> 00:04:21,640 Speaker 1: not nine percent. And so the reason why that's important 81 00:04:21,640 --> 00:04:23,680 Speaker 1: to understanding just before we dive into this is because 82 00:04:24,680 --> 00:04:28,359 Speaker 1: they're saying that we haven't seen this number in four decades. 83 00:04:28,440 --> 00:04:31,640 Speaker 1: But I would argue that when we saw this number 84 00:04:31,680 --> 00:04:34,960 Speaker 1: four decades ago, it was at a real number, and 85 00:04:35,000 --> 00:04:38,680 Speaker 1: we're probably double what that highest point was back then. 86 00:04:40,160 --> 00:04:44,720 Speaker 1: But so what happened so new CPI inflation, inflations out 87 00:04:44,760 --> 00:04:47,440 Speaker 1: of control? Average person I can't afford food, they can't 88 00:04:47,440 --> 00:04:50,520 Speaker 1: afford to travel, they can't afford gasoline, they can't afford 89 00:04:50,520 --> 00:04:55,239 Speaker 1: to take a trip, all these things um and stocks 90 00:04:55,240 --> 00:04:59,080 Speaker 1: are down, bitcoins down, cryptocurrencies down. Like what the heck 91 00:04:59,160 --> 00:05:02,039 Speaker 1: is going on? Well, that's what I want to break 92 00:05:02,080 --> 00:05:04,560 Speaker 1: down for you today so you can understand exactly what's 93 00:05:04,560 --> 00:05:07,240 Speaker 1: going on now. Like I said, it was at eight 94 00:05:07,279 --> 00:05:10,239 Speaker 1: point six, it was eight point four, then eight point six, 95 00:05:10,279 --> 00:05:13,440 Speaker 1: and now nine point one. And you probably already know 96 00:05:13,520 --> 00:05:17,080 Speaker 1: by now that the Central Bank, the Federal Serve, is 97 00:05:17,240 --> 00:05:23,880 Speaker 1: committed they have vowed to bring inflation down now two. 98 00:05:25,560 --> 00:05:27,920 Speaker 1: I say this all the time, if you tune in 99 00:05:27,960 --> 00:05:29,960 Speaker 1: with me each and every week. I apologize for sounding 100 00:05:29,960 --> 00:05:34,279 Speaker 1: like a broken record, But inflation measuring UH or or 101 00:05:34,279 --> 00:05:38,279 Speaker 1: the definition of inflation being prices going up consumer price 102 00:05:38,279 --> 00:05:41,120 Speaker 1: inflation is a little bit UH, in my opinion, is 103 00:05:41,160 --> 00:05:43,040 Speaker 1: the wrong way to talk about it. Under the Austrian 104 00:05:43,080 --> 00:05:47,640 Speaker 1: economics viewpoint, Inflation is when the monetary supply increases. Prices 105 00:05:47,680 --> 00:05:50,559 Speaker 1: going up are just the result of that. But there's 106 00:05:51,240 --> 00:05:53,360 Speaker 1: all types of prices, and there's all types of reasons 107 00:05:53,360 --> 00:05:56,960 Speaker 1: why those prices can go up and down. Um, But 108 00:05:57,120 --> 00:05:59,760 Speaker 1: the FEDS committed to bringing them down. How can the 109 00:06:00,080 --> 00:06:07,640 Speaker 1: Fed that controls monetary supply. Their mandates are stable prices 110 00:06:07,680 --> 00:06:11,719 Speaker 1: and full employment. Um. Their tools that they have are 111 00:06:12,360 --> 00:06:16,400 Speaker 1: basically Fed Funds rate interest rates. They can set that, 112 00:06:17,320 --> 00:06:20,599 Speaker 1: But how are they going to affect the price of 113 00:06:20,760 --> 00:06:26,839 Speaker 1: bread or Chipotle, or gasoline or my airline ticket or 114 00:06:27,000 --> 00:06:34,640 Speaker 1: my toothbrush, like, uh, you know, oil for my motorcycle? Um? 115 00:06:34,720 --> 00:06:37,239 Speaker 1: How can they affect the price of all of those 116 00:06:37,240 --> 00:06:41,200 Speaker 1: things when all they have is the FED Funds rate 117 00:06:42,920 --> 00:06:45,400 Speaker 1: to set that, which is the interest rate that the 118 00:06:45,520 --> 00:06:50,360 Speaker 1: banks get charged. But the banks create the money by 119 00:06:50,440 --> 00:06:54,080 Speaker 1: lending it out, and the banks can charge whatever interest 120 00:06:54,200 --> 00:06:58,800 Speaker 1: rate they want. So the FED can't force the banks 121 00:06:58,839 --> 00:07:02,240 Speaker 1: to create money by lending it, nor can they adjust 122 00:07:02,279 --> 00:07:05,440 Speaker 1: the interest rate that the banks charge. All they can 123 00:07:05,480 --> 00:07:08,400 Speaker 1: do is it just the interest rate that they charged 124 00:07:08,440 --> 00:07:10,320 Speaker 1: the banks. But the banks get to set their own 125 00:07:10,400 --> 00:07:12,000 Speaker 1: rate and then they get to make the spread. So 126 00:07:12,040 --> 00:07:14,080 Speaker 1: the FED could move the rate really low, and the 127 00:07:14,080 --> 00:07:15,960 Speaker 1: banks could still keep the rate high and they can 128 00:07:16,040 --> 00:07:18,560 Speaker 1: make that whole spread the arbitrage, or the Fed could 129 00:07:18,640 --> 00:07:20,400 Speaker 1: raise their rates and the banks could leave it where 130 00:07:20,400 --> 00:07:24,240 Speaker 1: it is. So they're trying to adjust the price of everything. 131 00:07:24,320 --> 00:07:27,560 Speaker 1: A bottle of water, a bottle of soda, a sandwich 132 00:07:27,600 --> 00:07:30,280 Speaker 1: at the local shop, how much I pay for my 133 00:07:30,800 --> 00:07:33,160 Speaker 1: Zoom subscription. They're trying to change the price of all 134 00:07:33,160 --> 00:07:37,320 Speaker 1: those things by adjusting the interest rate, the FED funds rate, 135 00:07:38,120 --> 00:07:41,560 Speaker 1: which doesn't even affect the bank's lending money out or 136 00:07:41,600 --> 00:07:48,240 Speaker 1: what they charge. It seems kind of crazy, didn't it. Yes, 137 00:07:48,480 --> 00:07:52,400 Speaker 1: it does, But anyway, they're not gonna stop trying. Let's 138 00:07:52,440 --> 00:07:54,400 Speaker 1: let's give them the benefit of doubt. They vowed to 139 00:07:54,520 --> 00:07:57,080 Speaker 1: bring the price down. Now, as I've been talking about, 140 00:07:57,080 --> 00:07:59,840 Speaker 1: we each and every week, they can't really do it. 141 00:08:00,400 --> 00:08:03,160 Speaker 1: There's nothing they can do. The only thing they can 142 00:08:03,240 --> 00:08:07,840 Speaker 1: really do is they can try to crush the demand. 143 00:08:07,960 --> 00:08:10,160 Speaker 1: So if we want to adjust prices, there's two things 144 00:08:10,200 --> 00:08:12,000 Speaker 1: we can increase this buyer. We can adjust that. We 145 00:08:12,040 --> 00:08:15,320 Speaker 1: can lower the demand, and they're lowering the demand of that. 146 00:08:15,920 --> 00:08:18,960 Speaker 1: So why is it that when inflation hit nine point 147 00:08:19,080 --> 00:08:23,160 Speaker 1: one percent, this week the CPI, we saw the bitcoin 148 00:08:23,200 --> 00:08:26,600 Speaker 1: price tumble down a little bit, which it's back up 149 00:08:26,640 --> 00:08:29,160 Speaker 1: to where it was before. We saw stocks going down. 150 00:08:30,040 --> 00:08:33,160 Speaker 1: Why is that? Because I thought bitcoin was supposed to 151 00:08:33,200 --> 00:08:36,239 Speaker 1: be an inflation hedge. So if we have high inflation, 152 00:08:36,640 --> 00:08:40,160 Speaker 1: shouldn't the price of bitcoin be going up? That doesn't 153 00:08:40,160 --> 00:08:43,240 Speaker 1: make any sense. Well it does if you kind of 154 00:08:43,320 --> 00:08:45,840 Speaker 1: understand how this all works. I want to explain that 155 00:08:45,880 --> 00:08:48,800 Speaker 1: to you. UM. I want to show you, um what 156 00:08:48,840 --> 00:08:52,319 Speaker 1: we can see about the stocks and bitcoin. UM some 157 00:08:52,320 --> 00:08:55,360 Speaker 1: some Google search results? What those mean? We're gonna talk 158 00:08:55,400 --> 00:08:58,360 Speaker 1: about when I was asked on Fox Business, when do 159 00:08:58,400 --> 00:09:00,679 Speaker 1: I think bitcoin we'll get back on track? Act. I'm 160 00:09:00,679 --> 00:09:02,520 Speaker 1: not exactly sure what that question meant. But we're gonna 161 00:09:02,520 --> 00:09:04,640 Speaker 1: talk about when new all time highs could come back, 162 00:09:05,400 --> 00:09:08,000 Speaker 1: when the bottom might be in and so much more. 163 00:09:08,120 --> 00:09:11,520 Speaker 1: Listening to the Markma Show talking about the decentralized revolution, 164 00:09:11,520 --> 00:09:15,160 Speaker 1: talking about the macro economic financial system. Of course we're 165 00:09:15,160 --> 00:09:17,640 Speaker 1: talking about bitcoin and more. We'll be back with a 166 00:09:17,720 --> 00:09:22,160 Speaker 1: whole lot more, uh, inflation, stocks, bitcoin, new all time 167 00:09:22,240 --> 00:09:25,400 Speaker 1: high and more. So don't go away. I'm gonna be 168 00:09:25,520 --> 00:09:27,960 Speaker 1: right back in a second. All right, welcome back. You 169 00:09:28,000 --> 00:09:30,920 Speaker 1: are listening to the Markma Show, We're talking about the 170 00:09:30,960 --> 00:09:36,320 Speaker 1: decentralized revolution, talking about the greater financial system, the macroeconomic system. 171 00:09:36,320 --> 00:09:39,320 Speaker 1: We're talking of course about bitcoin, stocks, etcetera. And I 172 00:09:39,360 --> 00:09:41,800 Speaker 1: was talking about how this week we saw the new 173 00:09:41,880 --> 00:09:44,400 Speaker 1: numbers come out from the US government, the u S, 174 00:09:44,840 --> 00:09:47,720 Speaker 1: the BLS puts them out the Bureau Labor Statistics, and 175 00:09:47,760 --> 00:09:50,839 Speaker 1: they said that the CPI Consumer Price Index rose again 176 00:09:50,960 --> 00:09:54,240 Speaker 1: to another record of nine point one percent. But if 177 00:09:54,640 --> 00:09:57,160 Speaker 1: if it went high, if if we still have inflation raging, 178 00:09:57,240 --> 00:10:00,880 Speaker 1: why did bitcoin move down off of that move? Which 179 00:10:00,920 --> 00:10:03,640 Speaker 1: is pretty interesting? Um. Not only did not only did 180 00:10:03,640 --> 00:10:07,080 Speaker 1: that happen, we saw stocks come down as well, um, 181 00:10:07,120 --> 00:10:08,839 Speaker 1: which is weird because, like I said, it's supposed to 182 00:10:08,840 --> 00:10:12,160 Speaker 1: be an inflation hedge for some traders, but the June 183 00:10:12,160 --> 00:10:17,600 Speaker 1: price data seem to signal something else. Now it looks 184 00:10:17,640 --> 00:10:22,320 Speaker 1: like that maybe what's happening is that because inflation is 185 00:10:22,440 --> 00:10:25,960 Speaker 1: continuing to rage on on on and on, the Federal 186 00:10:26,000 --> 00:10:29,600 Speaker 1: Reserve is committed the vow to bring it back under control. 187 00:10:29,600 --> 00:10:32,680 Speaker 1: And again all they have at their disposal, the only 188 00:10:32,720 --> 00:10:35,400 Speaker 1: tool they have is to adjust the interest rates. And 189 00:10:35,480 --> 00:10:40,120 Speaker 1: so what happened is because of that high inflation print. 190 00:10:40,520 --> 00:10:42,960 Speaker 1: So because they're vowed to get that number down, the 191 00:10:43,000 --> 00:10:45,760 Speaker 1: FED needs to see steady progress. So we need to 192 00:10:45,760 --> 00:10:48,559 Speaker 1: have gone from eight point six to eight point two 193 00:10:48,600 --> 00:10:51,280 Speaker 1: to seven point eight to seven point two to six 194 00:10:51,360 --> 00:10:53,199 Speaker 1: point you get, You get the idea we need to 195 00:10:53,240 --> 00:10:57,199 Speaker 1: be trending down. The problem is that we're still trending 196 00:10:57,320 --> 00:11:00,000 Speaker 1: up now. The Fed has been raising rates, raising rates, 197 00:11:00,200 --> 00:11:03,240 Speaker 1: raising rates. As a matter of fact that their last 198 00:11:03,480 --> 00:11:07,320 Speaker 1: around of raising rates, they actually raised rates more than 199 00:11:07,360 --> 00:11:10,720 Speaker 1: what the market had anticipated. So they're being even more 200 00:11:10,760 --> 00:11:14,280 Speaker 1: aggressive than many people thought they would. But no matter 201 00:11:14,320 --> 00:11:17,199 Speaker 1: how aggressive, no matter how much more aggressive they've been 202 00:11:17,200 --> 00:11:20,600 Speaker 1: than what people thought they would, be still not taking 203 00:11:20,640 --> 00:11:25,040 Speaker 1: a dent out of inflation. So because it's continued to 204 00:11:25,040 --> 00:11:27,320 Speaker 1: go up, if they haven't, it hasn't even stayed the same, 205 00:11:27,760 --> 00:11:29,720 Speaker 1: much less gone down. It actually went up, and it 206 00:11:29,720 --> 00:11:31,280 Speaker 1: went up by a pretty big chunk. I mean, from 207 00:11:31,320 --> 00:11:33,280 Speaker 1: eight point six to nine point one. That's a that's 208 00:11:33,280 --> 00:11:37,280 Speaker 1: a big leap forward. And so um the fear is 209 00:11:37,440 --> 00:11:39,000 Speaker 1: the reason why the market reacted the way it did 210 00:11:39,040 --> 00:11:42,079 Speaker 1: is because they're saying we'll shoot if the Fed hasn't 211 00:11:42,080 --> 00:11:44,120 Speaker 1: been able to get the rates to move down. And 212 00:11:44,160 --> 00:11:46,959 Speaker 1: here we are again at a new record. They are 213 00:11:47,000 --> 00:11:50,440 Speaker 1: going to have to be even more aggressive than anybody 214 00:11:50,520 --> 00:11:55,240 Speaker 1: thought they would be. And people realize that the Fed, 215 00:11:55,640 --> 00:11:59,360 Speaker 1: they don't really have any tools to get to a 216 00:11:59,400 --> 00:12:02,480 Speaker 1: perfect number. They were trying to get to two percent inflation. 217 00:12:03,120 --> 00:12:05,640 Speaker 1: They couldn't get to two. That we had no inflation. 218 00:12:05,640 --> 00:12:07,200 Speaker 1: They wanted to get up, get it up, get up 219 00:12:07,200 --> 00:12:09,280 Speaker 1: to get it too two. Then they said, shoot, well 220 00:12:09,280 --> 00:12:10,920 Speaker 1: we can't get to too. Let's let's see if we 221 00:12:11,000 --> 00:12:13,679 Speaker 1: get the four. And they overshot to nine. So now 222 00:12:13,679 --> 00:12:15,880 Speaker 1: they want to get it back down to two. And 223 00:12:16,280 --> 00:12:17,680 Speaker 1: do you think they're gonna land it too? They'll probably 224 00:12:17,760 --> 00:12:20,280 Speaker 1: end up at negative to And so the market's going, 225 00:12:20,360 --> 00:12:24,880 Speaker 1: we'll shoot. Now, they're gonna wigh over react. They're gonna 226 00:12:25,040 --> 00:12:27,440 Speaker 1: go way farther than they should have because they have 227 00:12:27,520 --> 00:12:30,760 Speaker 1: no control, and we think that they are going to 228 00:12:30,840 --> 00:12:34,440 Speaker 1: crash the markets. That's basically what the markets are saying. 229 00:12:35,160 --> 00:12:37,920 Speaker 1: And so it says here that the Federal Open Market 230 00:12:37,960 --> 00:12:41,280 Speaker 1: Committee the f o MC, scheduled to meet in July 231 00:12:42,280 --> 00:12:44,360 Speaker 1: seven here at the end of the month, a couple 232 00:12:44,400 --> 00:12:50,000 Speaker 1: more weeks to discuss further monetary tightening, meaning, well, let's 233 00:12:50,120 --> 00:12:52,320 Speaker 1: restrict the money supply even more. Now, remember the booms 234 00:12:52,320 --> 00:12:54,840 Speaker 1: and bus come from the FED increasing the money supply 235 00:12:55,040 --> 00:12:58,280 Speaker 1: and decreasing the money supply. So they create the booms 236 00:12:58,280 --> 00:13:01,440 Speaker 1: and the bus It's not they are natural market cycles. 237 00:13:01,600 --> 00:13:05,280 Speaker 1: They get exaggerated because of the FED um and so 238 00:13:05,280 --> 00:13:06,520 Speaker 1: that's what they want to do. They want to tighten 239 00:13:06,600 --> 00:13:09,280 Speaker 1: so they'll crash the markets even more um And this 240 00:13:09,480 --> 00:13:13,200 Speaker 1: new CPI number gives the central bankers a green light 241 00:13:13,280 --> 00:13:18,160 Speaker 1: for another quote unquote aggressive rate hike. Now I love 242 00:13:18,240 --> 00:13:22,000 Speaker 1: this quote from FED chair Jerome pow quote, is there 243 00:13:22,040 --> 00:13:26,480 Speaker 1: a risk we would go too far? Certainly there's a risk. 244 00:13:28,720 --> 00:13:31,319 Speaker 1: That's like the understatement, right, is there a risk will 245 00:13:31,320 --> 00:13:33,760 Speaker 1: go too far? They always go too far. They couldn't 246 00:13:33,760 --> 00:13:35,400 Speaker 1: get to two percent. They couldn't get it up. We 247 00:13:35,440 --> 00:13:37,280 Speaker 1: can't get it. We can't get too we can't get Okay, 248 00:13:37,320 --> 00:13:40,080 Speaker 1: we're gonna overshoot. They said, well, quote let it run hot, 249 00:13:40,320 --> 00:13:42,800 Speaker 1: meaning they're well, get to four or five, Well, we'll 250 00:13:42,880 --> 00:13:44,600 Speaker 1: we'll blend that in with the average of being less 251 00:13:44,600 --> 00:13:45,880 Speaker 1: than two and will end up with like an a 252 00:13:45,960 --> 00:13:48,680 Speaker 1: blended and average rate of two three. We'll call that good. 253 00:13:49,160 --> 00:13:51,920 Speaker 1: They got nine. Is there a risk quote too far. 254 00:13:52,000 --> 00:13:54,160 Speaker 1: Certainly there's a risk. That's Jerome Pow, the head of 255 00:13:54,160 --> 00:13:56,200 Speaker 1: the powers, if that's what he said, Yes, there's a risk. 256 00:13:56,240 --> 00:13:58,520 Speaker 1: Of course, they always go too far, and so they 257 00:13:58,600 --> 00:14:02,400 Speaker 1: way overshot at and then the only the only tool 258 00:14:02,400 --> 00:14:05,160 Speaker 1: they have is to destroy de Man, crush the stock market, 259 00:14:05,160 --> 00:14:09,000 Speaker 1: crush cryptocurrencies, crushed the job market, crushed the economy. Then 260 00:14:09,240 --> 00:14:11,440 Speaker 1: people won't spend money, they'll be too broke, and that 261 00:14:11,480 --> 00:14:14,680 Speaker 1: will cause prices to come down. Maybe now I tend 262 00:14:14,720 --> 00:14:16,440 Speaker 1: to think that they could actually cause prices to go 263 00:14:16,480 --> 00:14:20,080 Speaker 1: up even more by doing that. Um. That's a different 264 00:14:20,080 --> 00:14:23,840 Speaker 1: topic for a different day, but it says here. Um. 265 00:14:23,880 --> 00:14:25,880 Speaker 1: He was asked that at a at at a recent 266 00:14:25,920 --> 00:14:28,640 Speaker 1: conference of the European Central Bank Forum, and they said, quote, 267 00:14:28,880 --> 00:14:31,240 Speaker 1: the bigger mistake to make, let's put it that way, 268 00:14:31,360 --> 00:14:35,760 Speaker 1: would be to fail to restore price stability. So um, 269 00:14:35,800 --> 00:14:37,960 Speaker 1: he says that you know, we could go too far. 270 00:14:38,160 --> 00:14:41,720 Speaker 1: Certainly there's a risk, but that that's an okay risk. 271 00:14:41,760 --> 00:14:44,440 Speaker 1: The bigger risk would be, um, that we failed to 272 00:14:44,480 --> 00:14:49,280 Speaker 1: restore price stability. M hmm. So by having prices go 273 00:14:49,400 --> 00:14:51,240 Speaker 1: up through the roof and then crashing them all the 274 00:14:51,240 --> 00:14:55,760 Speaker 1: way back down. Too far. Does that sound stable? It's 275 00:14:55,760 --> 00:14:57,520 Speaker 1: certainly don's down stable To me, I don't know what 276 00:14:57,640 --> 00:15:00,120 Speaker 1: his definition of stable is. To me, stable means like 277 00:15:00,160 --> 00:15:02,800 Speaker 1: it doesn't change very often, or when it does change, 278 00:15:02,840 --> 00:15:06,280 Speaker 1: it doesn't change by very much. But here they are 279 00:15:06,680 --> 00:15:08,560 Speaker 1: way over shooting too one side and way under shooting 280 00:15:08,640 --> 00:15:13,280 Speaker 1: to the other. And um, that's the greater risk. I just, 281 00:15:13,440 --> 00:15:17,600 Speaker 1: I just I just don't understand what these guys now. Um. 282 00:15:17,720 --> 00:15:20,560 Speaker 1: Like I said, there's a lot of factors why this happens, 283 00:15:21,040 --> 00:15:22,600 Speaker 1: but we can see here. There was an article I 284 00:15:22,640 --> 00:15:26,840 Speaker 1: saw in Bloomberger says stocks need to fall more to 285 00:15:27,120 --> 00:15:28,880 Speaker 1: price in the head of a U S or session. 286 00:15:28,960 --> 00:15:32,160 Speaker 1: So what they're saying is that the SMP needs to 287 00:15:32,200 --> 00:15:36,880 Speaker 1: be at thirty five eighty six to get this downturn 288 00:15:37,720 --> 00:15:42,120 Speaker 1: priced in. So how far is that thirty five eighties six? 289 00:15:42,320 --> 00:15:44,080 Speaker 1: I didn't have this chart up, but I'm gonna pull 290 00:15:44,120 --> 00:15:47,040 Speaker 1: it up real quick. Don't worry, um quick here. So 291 00:15:47,200 --> 00:15:54,560 Speaker 1: thirty five eighties six would represent a thirty five another 292 00:15:54,600 --> 00:15:57,400 Speaker 1: six percent dropper, so, which doesn't sound like a lot 293 00:15:57,440 --> 00:16:01,160 Speaker 1: of you look at cryptocurrency charts, but it's a pretty 294 00:16:01,200 --> 00:16:04,520 Speaker 1: big deal six percent considering how far are we off 295 00:16:04,560 --> 00:16:08,840 Speaker 1: the high off of high right now. So, um, it's 296 00:16:08,920 --> 00:16:11,680 Speaker 1: it's more than it's about thirty more from where we've 297 00:16:11,720 --> 00:16:14,560 Speaker 1: already fallen. It's a pretty big deal. And again, like 298 00:16:14,600 --> 00:16:16,880 Speaker 1: I said, the FED has already told us their their 299 00:16:17,000 --> 00:16:20,960 Speaker 1: role here is to crush demand due to something known 300 00:16:21,000 --> 00:16:24,400 Speaker 1: as the wealth effect. So when your retirement account goes 301 00:16:24,480 --> 00:16:26,440 Speaker 1: up and your home goes up in value, even though 302 00:16:26,480 --> 00:16:28,960 Speaker 1: you're not going to retire for whatever years, even though 303 00:16:28,960 --> 00:16:31,640 Speaker 1: you're not gonna sell your home, you feel more wealthy. 304 00:16:31,920 --> 00:16:35,720 Speaker 1: So you spend more money. When your retirement account and 305 00:16:35,720 --> 00:16:37,360 Speaker 1: your home goes down in value even though you're not 306 00:16:37,360 --> 00:16:40,760 Speaker 1: gonna sell, it's there is the reverse of the wealth effect, 307 00:16:40,800 --> 00:16:43,600 Speaker 1: meaning you feel poor and the poor effect will call 308 00:16:43,640 --> 00:16:45,800 Speaker 1: it that, and so you spend less. And so they're 309 00:16:45,800 --> 00:16:48,960 Speaker 1: trying to bring this down. They're trying to get to 310 00:16:48,960 --> 00:16:54,480 Speaker 1: the point where investors are scared and they won't spend money. 311 00:16:54,600 --> 00:16:58,560 Speaker 1: And that's and so it looks like the Fed got 312 00:16:58,600 --> 00:17:01,240 Speaker 1: this new inflation print number, were hoping it would come lower, 313 00:17:01,280 --> 00:17:04,359 Speaker 1: but it didn't. And because it went so much higher, 314 00:17:05,040 --> 00:17:10,520 Speaker 1: we're looking for potentially an overreaction. Now, how much of 315 00:17:10,560 --> 00:17:13,760 Speaker 1: an overaction could we get? And what would that mean, 316 00:17:14,240 --> 00:17:16,080 Speaker 1: what I mean for stockholding me for bitcoin, what I 317 00:17:16,080 --> 00:17:18,200 Speaker 1: mean for cryptocurrencies. I'm gonna come back and I'm gonna 318 00:17:18,200 --> 00:17:21,320 Speaker 1: tell you what I think could happen, how much of 319 00:17:21,320 --> 00:17:24,600 Speaker 1: an overreaction they could have, what that could potentially mean, 320 00:17:24,800 --> 00:17:27,160 Speaker 1: and what we might already be seen in the market 321 00:17:27,240 --> 00:17:30,320 Speaker 1: based off of this. Um Even though this information just 322 00:17:30,359 --> 00:17:32,399 Speaker 1: came out, you're hearing at first right here on the 323 00:17:32,400 --> 00:17:36,040 Speaker 1: markma Show, talking about the decentralized revolution, talking about bitcoin, 324 00:17:36,080 --> 00:17:41,120 Speaker 1: cryptocurrency is talking about the greater macroeconomic markets overall. We're 325 00:17:41,520 --> 00:17:46,120 Speaker 1: um talking right now about this latest CPI inflation data 326 00:17:46,160 --> 00:17:49,480 Speaker 1: that came out that was way higher that was anticipated, 327 00:17:49,680 --> 00:17:53,560 Speaker 1: definitely much higher than what the FEDS wanted, how their 328 00:17:53,600 --> 00:17:58,280 Speaker 1: actions aren't helping, and why they're about to overreact and 329 00:17:58,359 --> 00:18:00,520 Speaker 1: cause an even bigger problem. So you're listening to the 330 00:18:00,520 --> 00:18:01,959 Speaker 1: Mark Mo Show. I'm gonna come back with all that 331 00:18:02,000 --> 00:18:04,440 Speaker 1: and more in a minute, So don't go away. I'll 332 00:18:04,440 --> 00:18:06,879 Speaker 1: be right back, all right, Welcome back. You are listening 333 00:18:06,920 --> 00:18:10,040 Speaker 1: to the Mark Mo Show. We're talking about the decentralized revolution, 334 00:18:10,600 --> 00:18:15,800 Speaker 1: talking about the uh, the overall macro economic picture in 335 00:18:15,800 --> 00:18:18,399 Speaker 1: the world today, talking about bitcoin, talking about Fed policy. 336 00:18:18,440 --> 00:18:21,520 Speaker 1: We're talking about stocks. We're talking specifically about this week, 337 00:18:21,680 --> 00:18:24,720 Speaker 1: the latest cp I, the latest inflation data came out, 338 00:18:25,040 --> 00:18:27,399 Speaker 1: and it was ugly. It was really ugly. It was 339 00:18:27,480 --> 00:18:29,639 Speaker 1: much uglier than the Fed wanted to be. It was 340 00:18:29,720 --> 00:18:36,680 Speaker 1: much uglier than um any analysts had And so now, um, 341 00:18:36,720 --> 00:18:41,920 Speaker 1: the markets are responding downward this week because basically what 342 00:18:41,960 --> 00:18:44,760 Speaker 1: they're assuming is that the Feds aren't. They've already been 343 00:18:44,800 --> 00:18:47,760 Speaker 1: having bigger raises, bigger races of the FED funds rate 344 00:18:48,119 --> 00:18:53,160 Speaker 1: than they had even anticipated, and it's not having any effect. Um. Now, 345 00:18:53,560 --> 00:18:56,199 Speaker 1: one one clip. I don't have it ready, but I 346 00:18:56,240 --> 00:19:01,240 Speaker 1: saw the new White House Press secretary. She came out 347 00:19:01,359 --> 00:19:06,560 Speaker 1: yesterday with a video. So the White House already knew 348 00:19:06,600 --> 00:19:09,760 Speaker 1: this data was coming out. Um. Then, and the day 349 00:19:09,840 --> 00:19:15,399 Speaker 1: before the CBI inflation was numbers were released, she was 350 00:19:15,520 --> 00:19:18,879 Speaker 1: out already talking it down and she said, don't worry, 351 00:19:19,000 --> 00:19:23,600 Speaker 1: don't worry. You know, Um, this is old data. And uh, 352 00:19:23,640 --> 00:19:25,560 Speaker 1: you know, the markets have moved a lot since this 353 00:19:25,680 --> 00:19:29,400 Speaker 1: data came out, and so, UM, well it's bad, it's 354 00:19:29,400 --> 00:19:32,199 Speaker 1: gonna be bad. Um, don't worry. Um, It's actually not 355 00:19:32,280 --> 00:19:34,600 Speaker 1: as bad as it looks because the data has moved 356 00:19:34,600 --> 00:19:36,720 Speaker 1: a lot. It's changed a lot since we put those 357 00:19:36,800 --> 00:19:40,399 Speaker 1: numbers out. And anybody believes that I got a bridge 358 00:19:40,400 --> 00:19:42,720 Speaker 1: to sell you as well, go ahead and raise your hand. 359 00:19:43,280 --> 00:19:45,040 Speaker 1: I hit me up on social media because I got 360 00:19:45,040 --> 00:19:49,160 Speaker 1: bridges in the new cell. But so it's it's way worse. 361 00:19:49,200 --> 00:19:51,760 Speaker 1: And so now it's like, well, shoot, they've been overreacting. 362 00:19:51,800 --> 00:19:54,480 Speaker 1: They haven't able to get it down, and so they're 363 00:19:54,480 --> 00:19:58,480 Speaker 1: gonna overreact even more. Now I've been saying that they're 364 00:19:58,480 --> 00:20:00,679 Speaker 1: trying to they're trying to get this reverse wealth effect right, 365 00:20:01,000 --> 00:20:06,879 Speaker 1: we could potentially see inflation go up even higher from that. So, 366 00:20:06,960 --> 00:20:11,159 Speaker 1: for example, let's say that they destroy the wealth effect, 367 00:20:11,160 --> 00:20:14,720 Speaker 1: reverse wealth offect goes into effect, and and I feel 368 00:20:14,760 --> 00:20:17,160 Speaker 1: so broke. Now I can't afford to work. I can't 369 00:20:17,160 --> 00:20:18,960 Speaker 1: afford to fill up my car with gas and drive 370 00:20:19,000 --> 00:20:21,440 Speaker 1: every day. I can't afford to get childcare, I can't 371 00:20:21,440 --> 00:20:23,159 Speaker 1: afford to eat out whatever it is. Right, So I'm 372 00:20:23,160 --> 00:20:25,439 Speaker 1: gonna quit my job and I'll just have the government 373 00:20:25,440 --> 00:20:27,920 Speaker 1: give me welfare. Right, I'll just live off the government. Well, 374 00:20:28,040 --> 00:20:31,480 Speaker 1: now what happens to that employer, Well, that employer now 375 00:20:31,600 --> 00:20:34,320 Speaker 1: lost workers, and so now they're going to have to 376 00:20:34,400 --> 00:20:36,800 Speaker 1: hire new workers, and they may have to pay a 377 00:20:36,920 --> 00:20:40,080 Speaker 1: higher rate in order to get more workers. If they 378 00:20:40,119 --> 00:20:43,320 Speaker 1: have to pay a higher rate, then the pricing of 379 00:20:43,400 --> 00:20:46,840 Speaker 1: their products and services are going to go up. Um 380 00:20:46,840 --> 00:20:48,840 Speaker 1: what else We'll let's say that those workers that decided 381 00:20:48,840 --> 00:20:52,120 Speaker 1: to quit your job worked at gas refineries, and now 382 00:20:52,160 --> 00:20:56,160 Speaker 1: the gas refineries or the airlines or the food processing 383 00:20:56,160 --> 00:20:59,880 Speaker 1: plants have less workers. And so now they're not able 384 00:20:59,880 --> 00:21:02,440 Speaker 1: to get out as much gasoline, or they're not able 385 00:21:02,480 --> 00:21:04,120 Speaker 1: to get as much food, or not able to move 386 00:21:04,160 --> 00:21:08,119 Speaker 1: as many flights, and so then the companies would have 387 00:21:08,160 --> 00:21:11,040 Speaker 1: to raise their prices to make up for that. We'd 388 00:21:11,080 --> 00:21:16,320 Speaker 1: have less supply that shortages. See how that works. Now, 389 00:21:16,359 --> 00:21:19,200 Speaker 1: I'm not saying that's guaranteed to happen, but it certainly could. 390 00:21:19,480 --> 00:21:21,439 Speaker 1: You can easily understand how that could happen. And this 391 00:21:21,480 --> 00:21:24,800 Speaker 1: goes back again to the insanity of thinking that you 392 00:21:24,840 --> 00:21:28,480 Speaker 1: can change the price on everything from this mug to 393 00:21:28,640 --> 00:21:32,280 Speaker 1: this remote, to this computer mouse, to this coffee mug, 394 00:21:32,560 --> 00:21:34,639 Speaker 1: to this monitor I'm looking at, to this microphone. I 395 00:21:34,640 --> 00:21:38,040 Speaker 1: can change the price of all this stuff based off 396 00:21:38,040 --> 00:21:40,480 Speaker 1: of the FED adjustin interest rates. I mean, it's the 397 00:21:40,520 --> 00:21:42,600 Speaker 1: most insane thing ever, But don't worry, don't worry. As 398 00:21:42,640 --> 00:21:44,680 Speaker 1: long as we all believe it, maybe it'll come true. Right, 399 00:21:45,160 --> 00:21:50,160 Speaker 1: that's what they hope. And so um the FED speak 400 00:21:50,440 --> 00:21:53,280 Speaker 1: as they call it, which means the FED jaw bones. 401 00:21:53,440 --> 00:21:55,600 Speaker 1: They tell us what they're gonna do. They try to 402 00:21:55,600 --> 00:21:58,679 Speaker 1: move the markets based off of their words alone, not 403 00:21:58,760 --> 00:22:01,080 Speaker 1: their actions, which by the way, is a big gripe 404 00:22:01,080 --> 00:22:09,080 Speaker 1: that I have with most mainstream UM academic economists. There's 405 00:22:09,119 --> 00:22:12,720 Speaker 1: a lot of academic economists that are much smarter than 406 00:22:12,760 --> 00:22:16,320 Speaker 1: I am. They man, they can talk with this FED 407 00:22:16,400 --> 00:22:18,800 Speaker 1: speak so well, and they can get into the intricacies 408 00:22:18,840 --> 00:22:22,960 Speaker 1: of the the the inner working, the plumbing of the 409 00:22:22,960 --> 00:22:25,679 Speaker 1: financial system, and talk about the yield curve controls, and 410 00:22:25,720 --> 00:22:28,159 Speaker 1: they can talk about the reverse repo and they can 411 00:22:28,200 --> 00:22:29,960 Speaker 1: talk about the euro dollar market. They can talk about 412 00:22:29,960 --> 00:22:32,000 Speaker 1: all these things. Um, they can give you all this 413 00:22:32,080 --> 00:22:34,480 Speaker 1: FED speak, and they can give you these what I 414 00:22:34,520 --> 00:22:40,840 Speaker 1: call factually correct answers. But while they're intellectually dishonest or misleading. 415 00:22:41,560 --> 00:22:44,080 Speaker 1: And so, for example, one thing they would tell you 416 00:22:44,600 --> 00:22:47,040 Speaker 1: is they would say, um, so look, the FED has 417 00:22:47,040 --> 00:22:49,399 Speaker 1: no effect because look they said they were going to 418 00:22:49,480 --> 00:22:51,359 Speaker 1: do something. But but but look here's the numbers. They 419 00:22:51,359 --> 00:22:53,800 Speaker 1: didn't even do anything in the market moved. So why 420 00:22:53,800 --> 00:22:56,200 Speaker 1: did the market movement? They didn't do anything And I said, well, 421 00:22:56,240 --> 00:22:59,680 Speaker 1: because they said they were going to do something, which 422 00:22:59,720 --> 00:23:03,840 Speaker 1: is what I'm calling fed speak. So there's direct and 423 00:23:03,960 --> 00:23:08,320 Speaker 1: indirect movements, and so by them just saying they're going 424 00:23:08,359 --> 00:23:11,280 Speaker 1: to do something can also do something. So be aware 425 00:23:11,280 --> 00:23:16,360 Speaker 1: of these. Uh. These are very very smart academic economists 426 00:23:16,560 --> 00:23:20,400 Speaker 1: who can mislead you with their terminology. Like, for example, 427 00:23:20,440 --> 00:23:23,119 Speaker 1: they'll tell you that quantity of easy and by the 428 00:23:23,119 --> 00:23:26,440 Speaker 1: central bank is not inflationary because it doesn't actually push 429 00:23:26,440 --> 00:23:30,399 Speaker 1: money into the market. And consumer prices didn't go up, um, 430 00:23:30,440 --> 00:23:33,320 Speaker 1: but but asset prices did. But but but asset prices aren't 431 00:23:33,359 --> 00:23:36,760 Speaker 1: included into the consumer price inflation. So the asset prices 432 00:23:36,760 --> 00:23:42,080 Speaker 1: going up is appreciation, it's not inflation. There's a difference there. Look, 433 00:23:42,119 --> 00:23:44,120 Speaker 1: come on, we can get into that, and I'm happy 434 00:23:44,160 --> 00:23:45,800 Speaker 1: to break that down for you. But that doesn't matter 435 00:23:45,840 --> 00:23:47,920 Speaker 1: to you. You're trying to put food on your table, 436 00:23:47,960 --> 00:23:50,560 Speaker 1: you're trying to put gas in your car. You want 437 00:23:50,600 --> 00:23:53,199 Speaker 1: to know what does this mean? What effect is it 438 00:23:53,240 --> 00:23:55,240 Speaker 1: going to have on my life? How do I navigate 439 00:23:55,280 --> 00:23:56,760 Speaker 1: this properly, and that's what I'm trying to kind of 440 00:23:56,760 --> 00:23:59,640 Speaker 1: help break this down for you without all of this 441 00:24:00,040 --> 00:24:03,960 Speaker 1: uh economic mumbo jumbo that's misleading. But we can see, 442 00:24:04,040 --> 00:24:07,680 Speaker 1: like I said, the stocks are moving down. Bitcoin is 443 00:24:07,680 --> 00:24:10,480 Speaker 1: moving down because they believe that the Fed is going 444 00:24:10,520 --> 00:24:13,840 Speaker 1: to have to um overreact. They're gonna have to move 445 00:24:13,960 --> 00:24:18,280 Speaker 1: even way harder, way faster than they were before. So 446 00:24:18,359 --> 00:24:21,720 Speaker 1: what does that mean for bitcoin and cryptocurrencies? Let's just 447 00:24:21,800 --> 00:24:25,879 Speaker 1: jump in there. So, Um, bitcoin has been trading like 448 00:24:26,040 --> 00:24:29,560 Speaker 1: a tech stock. It's not, it's not a tech stock, 449 00:24:30,240 --> 00:24:32,120 Speaker 1: but it's been trading like a tech stox. So it's 450 00:24:32,160 --> 00:24:34,680 Speaker 1: been moving in lockstep with the NASDAC if you look 451 00:24:34,680 --> 00:24:37,360 Speaker 1: at it that way, Um, whereas the NASDAC in the 452 00:24:37,680 --> 00:24:40,399 Speaker 1: SNP five hundred have been trading completely different. So what 453 00:24:40,440 --> 00:24:42,400 Speaker 1: do I mean by that? Well, if you go back 454 00:24:42,440 --> 00:24:45,080 Speaker 1: and look at some charts, very simple, you can see 455 00:24:45,080 --> 00:24:47,760 Speaker 1: that the peak the all times the recent all time 456 00:24:47,880 --> 00:24:52,199 Speaker 1: high with the all time him in the NASDAC was 457 00:24:52,240 --> 00:24:54,960 Speaker 1: the same as the all time high with bitcoin back 458 00:24:55,000 --> 00:24:59,440 Speaker 1: in November, But the peak in the SMP five hundred 459 00:24:59,600 --> 00:25:03,960 Speaker 1: wasn't an tell January about two months later, a month 460 00:25:04,000 --> 00:25:07,760 Speaker 1: and a half. So what happened, Well, what we can 461 00:25:07,800 --> 00:25:12,520 Speaker 1: see is that Bitcoin and UH and the NAZAC risk 462 00:25:12,840 --> 00:25:15,960 Speaker 1: off risk on assets or risk on is when risk 463 00:25:16,200 --> 00:25:19,080 Speaker 1: when those assets too good. Um. Wait, we can see 464 00:25:19,080 --> 00:25:22,800 Speaker 1: that the market has been treating bitcoin and NAZDAC together 465 00:25:23,000 --> 00:25:25,320 Speaker 1: and they are like the canary in the coal mine. 466 00:25:25,840 --> 00:25:29,399 Speaker 1: So in November, as soon as the Feds started talking 467 00:25:29,440 --> 00:25:34,480 Speaker 1: about raising rates, they both went down. But the SMP 468 00:25:34,520 --> 00:25:38,600 Speaker 1: five didn't actually go down until January a couple of 469 00:25:38,600 --> 00:25:43,600 Speaker 1: months later. So the risky assets, the bitcoin, the NASDAC 470 00:25:43,840 --> 00:25:46,639 Speaker 1: a very sensitive to this. And why is that important 471 00:25:46,640 --> 00:25:50,600 Speaker 1: to understand? Well, it's important to understand because they could 472 00:25:50,640 --> 00:25:55,480 Speaker 1: also probably have the reversal before the SMP So they're 473 00:25:55,520 --> 00:25:59,480 Speaker 1: they're canary and the canal mine is leading indicator. So uh, 474 00:25:59,720 --> 00:26:02,119 Speaker 1: it looks like the FED is going to have to 475 00:26:02,320 --> 00:26:06,600 Speaker 1: overreact even more than what they had planned on overreacting 476 00:26:06,640 --> 00:26:10,240 Speaker 1: by which is why we saw them take a dip 477 00:26:10,440 --> 00:26:13,399 Speaker 1: based off of this high CPI number. Everyone's expecting them 478 00:26:13,440 --> 00:26:17,200 Speaker 1: to do much more. But the other thing is that 479 00:26:17,600 --> 00:26:20,680 Speaker 1: what this probably also does is the FED had been 480 00:26:20,720 --> 00:26:26,239 Speaker 1: projecting to raise their rates through and I think this 481 00:26:26,280 --> 00:26:30,000 Speaker 1: new news could change their entire what they call their 482 00:26:30,040 --> 00:26:34,359 Speaker 1: dot PLoP, and we might see them actually get their 483 00:26:34,480 --> 00:26:37,720 Speaker 1: rates raised much sooner than they had originally projected, which 484 00:26:37,720 --> 00:26:42,000 Speaker 1: would also mean that if they finished raising rates by 485 00:26:42,119 --> 00:26:45,400 Speaker 1: sooner they protected than they would also stop raising rates 486 00:26:45,400 --> 00:26:48,080 Speaker 1: soon they than they projected, which means we might see 487 00:26:48,119 --> 00:26:52,920 Speaker 1: the bottom of bitcoin and risk assets like the nasdack 488 00:26:53,760 --> 00:26:57,200 Speaker 1: sooner than we had expected. M hmm. That's a good sign. 489 00:26:57,720 --> 00:27:00,560 Speaker 1: So let's talk about that. When is that gonna happen? 490 00:27:00,720 --> 00:27:02,560 Speaker 1: What are the signs showing me that, and what could 491 00:27:02,560 --> 00:27:04,760 Speaker 1: happen based off of that. I want to talk about 492 00:27:04,840 --> 00:27:07,320 Speaker 1: that and more in a minute. Uh. You are listening 493 00:27:07,359 --> 00:27:10,560 Speaker 1: to the markmah Show. We're talking about the decentralized revolution. 494 00:27:10,600 --> 00:27:13,600 Speaker 1: We're talking about the way the world is changing um 495 00:27:14,040 --> 00:27:16,640 Speaker 1: and we're looking at through the lens of bitcoin cryptocurrencies. 496 00:27:16,640 --> 00:27:20,560 Speaker 1: We're talking about the geo politics and the macro economics. 497 00:27:20,600 --> 00:27:22,880 Speaker 1: Of course, we're talking about the cp I, the new 498 00:27:23,359 --> 00:27:25,440 Speaker 1: the high level of nine point one s b I 499 00:27:25,520 --> 00:27:27,200 Speaker 1: never that came out this weekend. What happened with bitcoin 500 00:27:27,240 --> 00:27:30,520 Speaker 1: cryptocurrencies and the text stocks, and so I want to 501 00:27:30,560 --> 00:27:33,320 Speaker 1: tell you where we are going next, Why we could 502 00:27:33,320 --> 00:27:35,840 Speaker 1: have moved this timetable might have a reversal sooner. Be 503 00:27:35,880 --> 00:27:37,960 Speaker 1: back with that and more in a minute. Don't go away, 504 00:27:38,359 --> 00:27:40,640 Speaker 1: all right, welcome back. You are listening to the markmah Show. 505 00:27:40,680 --> 00:27:43,840 Speaker 1: We're talking about the craziness of the world today. How 506 00:27:43,840 --> 00:27:47,240 Speaker 1: about that. I talked about what I call the decentralized Revolution, 507 00:27:47,280 --> 00:27:50,240 Speaker 1: which explains why the heck the world is so crazy 508 00:27:50,400 --> 00:27:53,840 Speaker 1: right now, how we got here, but more importantly, what 509 00:27:54,119 --> 00:27:56,399 Speaker 1: comes next. So we we dig into that each and 510 00:27:56,400 --> 00:27:59,879 Speaker 1: every week, and we're talking about, Um, the latest CPS 511 00:28:00,200 --> 00:28:03,919 Speaker 1: print the government the US put out put up by 512 00:28:03,920 --> 00:28:06,439 Speaker 1: the BLS Bureau Labor Statistics, and they said that we 513 00:28:06,480 --> 00:28:08,399 Speaker 1: are at nine point one, the highest level we've been 514 00:28:08,400 --> 00:28:11,480 Speaker 1: in forty one years. But I explained earlier that's a lie. 515 00:28:12,080 --> 00:28:13,919 Speaker 1: By the way, if you've missed any of the show earlier, 516 00:28:13,960 --> 00:28:16,760 Speaker 1: don't worry. Don't worry. I got your back. Check me out. 517 00:28:17,240 --> 00:28:20,840 Speaker 1: Check out the podcast. Just search Mark Moss Podcast Mark 518 00:28:20,920 --> 00:28:24,040 Speaker 1: Moss Show on any of your favorite podcast players iTunes 519 00:28:24,200 --> 00:28:29,040 Speaker 1: or um, the I Heart app as well or any 520 00:28:29,040 --> 00:28:31,240 Speaker 1: other ones. You'll find me on there and you can 521 00:28:31,480 --> 00:28:34,439 Speaker 1: catch up each any every week. If you've missed me live, UM, 522 00:28:34,480 --> 00:28:37,720 Speaker 1: no big deal, all right, so, um, the CPI is 523 00:28:37,720 --> 00:28:39,880 Speaker 1: a lie. It came in way higher than they wanted. 524 00:28:40,360 --> 00:28:44,240 Speaker 1: The Feds vow to get it back down. Uh, they've overreacted. 525 00:28:44,240 --> 00:28:47,520 Speaker 1: They've already been acting way heavier than they had anticipated. 526 00:28:48,040 --> 00:28:50,560 Speaker 1: But yet it's not having an adjustment. The number came 527 00:28:50,560 --> 00:28:53,240 Speaker 1: in this week and it's even higher. Um, so now 528 00:28:53,240 --> 00:28:56,520 Speaker 1: it's going to happen. Well, the markets kind of crashed 529 00:28:56,520 --> 00:28:58,719 Speaker 1: down at it. Bitcoin, NAZDAC crashed down a little bit 530 00:28:58,720 --> 00:29:00,880 Speaker 1: because they're now saying, well, shoot, the Fed's gonna have 531 00:29:00,960 --> 00:29:03,080 Speaker 1: to wag overreact, and now they're gonna come in even 532 00:29:03,080 --> 00:29:06,680 Speaker 1: way hotter. They could potentially come in with a hundred 533 00:29:07,160 --> 00:29:11,880 Speaker 1: basis point hike. What a hundred basis point hike? Now, 534 00:29:11,920 --> 00:29:16,000 Speaker 1: what does that mean? A hundred basis points? Well, uh, 535 00:29:16,040 --> 00:29:18,400 Speaker 1: it's stupid. People use these words to try to sound 536 00:29:18,480 --> 00:29:23,960 Speaker 1: all smart. Um, a hundred basis points is one point 537 00:29:24,360 --> 00:29:27,520 Speaker 1: or one percent, So it's helpful if you're trying to 538 00:29:27,560 --> 00:29:30,680 Speaker 1: talk about real small numbers. For most of us, it 539 00:29:30,760 --> 00:29:32,760 Speaker 1: might just be easier to say, you know, one percent, 540 00:29:33,040 --> 00:29:36,640 Speaker 1: So a hunter basis points could be one percent. Um, 541 00:29:36,680 --> 00:29:39,800 Speaker 1: So where would that put us? Well, that put us 542 00:29:39,840 --> 00:29:41,800 Speaker 1: up pretty high right now we're at about one point 543 00:29:41,840 --> 00:29:44,000 Speaker 1: seven five. That pushes all up to like two point 544 00:29:44,080 --> 00:29:48,520 Speaker 1: seven five um, which could then push the two year 545 00:29:48,560 --> 00:29:54,360 Speaker 1: in the ten year up two Dare I say, you know, 546 00:29:54,800 --> 00:29:57,160 Speaker 1: fo boy, I don't know. I don't know if you 547 00:29:57,160 --> 00:29:59,120 Speaker 1: can go that high. Uh, the FED funds at one 548 00:29:59,160 --> 00:30:01,480 Speaker 1: point seven five. If it gets up to two point 549 00:30:01,520 --> 00:30:03,960 Speaker 1: seven five, that's a hundred point basis move. It's a 550 00:30:04,120 --> 00:30:07,600 Speaker 1: called called round and off to three. At three percent, 551 00:30:08,040 --> 00:30:11,720 Speaker 1: that means the interest only on the government debt. We 552 00:30:11,760 --> 00:30:14,760 Speaker 1: have about thirty one trillion dollars in debt, so at 553 00:30:14,800 --> 00:30:18,480 Speaker 1: three percent rate means that the interest on the debt 554 00:30:18,480 --> 00:30:23,320 Speaker 1: would be about a trillion dollars per year, about a 555 00:30:23,360 --> 00:30:26,400 Speaker 1: trillion do that's just for the interest, which means that 556 00:30:26,960 --> 00:30:33,680 Speaker 1: the interest owed on the debt would be about thirty 557 00:30:33,840 --> 00:30:39,560 Speaker 1: percent of the revenue of the government. Of the revenue 558 00:30:39,560 --> 00:30:42,760 Speaker 1: would go just to interest only on the debt. Now 559 00:30:43,400 --> 00:30:45,040 Speaker 1: that's interesting. Only on the debt, Now, there's lots of 560 00:30:45,040 --> 00:30:48,640 Speaker 1: other debt. I mean, there's about two hundred trillion dollars 561 00:30:48,680 --> 00:30:52,240 Speaker 1: of what they call unfunded liabilities. So that's debt. That's 562 00:30:52,320 --> 00:30:55,320 Speaker 1: money that's owed and it hasn't been funded yet. So 563 00:30:55,400 --> 00:31:00,160 Speaker 1: like pensions and Medicare, Medicaid like things like that. Um, 564 00:31:00,200 --> 00:31:02,120 Speaker 1: there's other things that the governments to pay for, obviously, 565 00:31:02,360 --> 00:31:05,800 Speaker 1: all types of welfare programs and housing programs, and military 566 00:31:05,880 --> 00:31:09,800 Speaker 1: spending and medical America. We can go on, um and 567 00:31:09,880 --> 00:31:12,120 Speaker 1: so UM. A lot of people would listen to this 568 00:31:12,160 --> 00:31:15,479 Speaker 1: and go, well, hang on my house, ist of my income, 569 00:31:15,520 --> 00:31:17,760 Speaker 1: what's the big deal. Yeah, but that means the other 570 00:31:17,800 --> 00:31:20,800 Speaker 1: six of that income is yours to spend as you want. 571 00:31:21,000 --> 00:31:24,320 Speaker 1: So that's pretty good. But that's not the case with 572 00:31:24,400 --> 00:31:27,520 Speaker 1: the government. The government is already running in the deficits, 573 00:31:27,560 --> 00:31:31,360 Speaker 1: meaning they're already spending more than they're making. So it's 574 00:31:31,360 --> 00:31:34,560 Speaker 1: a big problem. So yeah, Hunter point basis move that 575 00:31:34,600 --> 00:31:36,920 Speaker 1: could happen. Now. Um, as I was saying before the break, 576 00:31:36,960 --> 00:31:39,360 Speaker 1: I was talking about how bitcoin and tech stocks like 577 00:31:39,400 --> 00:31:42,560 Speaker 1: the NASDAC had trade in advance of the SMP five hunder. 578 00:31:42,600 --> 00:31:44,520 Speaker 1: They start to price this in their way more sensitive 579 00:31:44,520 --> 00:31:46,840 Speaker 1: to this, and so they started. Um as soon as 580 00:31:46,840 --> 00:31:49,280 Speaker 1: the Feds said they were gonna start raising rates in November, 581 00:31:49,560 --> 00:31:52,920 Speaker 1: bitcoin and the NASDAC sold off. Spf I under didn't 582 00:31:52,920 --> 00:31:58,320 Speaker 1: sell until January. Now, UM, now we're seeing that because 583 00:31:58,400 --> 00:32:01,520 Speaker 1: the Fed now has to overreact act instead of raising 584 00:32:01,600 --> 00:32:05,800 Speaker 1: rates through March of three. It looks like maybe they 585 00:32:05,840 --> 00:32:09,480 Speaker 1: could reach their point of raising rates but before the 586 00:32:09,560 --> 00:32:11,840 Speaker 1: end of the year because they're gonna be that aggressive 587 00:32:11,840 --> 00:32:14,360 Speaker 1: now and they're gonna be that aggressive, which is they're 588 00:32:14,400 --> 00:32:16,840 Speaker 1: going to crash the market down that then they'll pivot. Now. 589 00:32:17,240 --> 00:32:19,160 Speaker 1: The reason why it's important for us to understand is 590 00:32:19,160 --> 00:32:22,400 Speaker 1: because when they decide to come off of those raising rates, 591 00:32:23,160 --> 00:32:24,880 Speaker 1: that's when the markets will probably start doing the risk 592 00:32:24,880 --> 00:32:27,880 Speaker 1: assets will start doing good again. So um, Look, it's 593 00:32:27,880 --> 00:32:31,960 Speaker 1: impossible for us to time the markets, um, but doesn't 594 00:32:32,000 --> 00:32:34,800 Speaker 1: stop us from trying and speculating. And so these are 595 00:32:34,800 --> 00:32:36,520 Speaker 1: things that we're looking at now. Another thing that we 596 00:32:36,520 --> 00:32:42,040 Speaker 1: can look at is, uh couple because there's all kinds 597 00:32:42,040 --> 00:32:44,200 Speaker 1: of indicators. One indicator that's a I don't I don't 598 00:32:44,280 --> 00:32:46,280 Speaker 1: use a lot, but it's interesting to look at. Is 599 00:32:46,320 --> 00:32:51,280 Speaker 1: the search term for quote unquote bitcoin crash is trending 600 00:32:52,400 --> 00:32:56,640 Speaker 1: and uh, why what does that mean? So one tool 601 00:32:56,680 --> 00:32:59,680 Speaker 1: that's very helpful is you can look at Google search terms. 602 00:33:00,040 --> 00:33:01,680 Speaker 1: You can see what people are searching for and this 603 00:33:01,720 --> 00:33:04,640 Speaker 1: shows market sentiment and so we can see that the 604 00:33:04,760 --> 00:33:07,880 Speaker 1: term for people are searching on Google for bitcoin crash, 605 00:33:08,440 --> 00:33:11,720 Speaker 1: and it's it's uh, it's training really high. Now bitcoin 606 00:33:12,680 --> 00:33:16,560 Speaker 1: bitcoin has been marked dead at least four hundred and 607 00:33:16,600 --> 00:33:20,640 Speaker 1: fifty eight times since two thousand nine. So every time 608 00:33:20,680 --> 00:33:23,640 Speaker 1: bitcoin crash, he was by everybody loves come out and 609 00:33:23,680 --> 00:33:27,360 Speaker 1: say it's dead. So it's been dead. It's been declared dead, um, 610 00:33:27,400 --> 00:33:31,160 Speaker 1: over four hundred fifty times. But of course every time 611 00:33:31,160 --> 00:33:34,160 Speaker 1: that's happened, it obviously hasn't been. Now, last year, the 612 00:33:34,240 --> 00:33:39,120 Speaker 1: word crypto was trending all over the internet because the 613 00:33:39,160 --> 00:33:42,920 Speaker 1: crypto market was going up, so everybody heard everyone's making 614 00:33:42,920 --> 00:33:46,040 Speaker 1: all this money, everyone's getting rich, and uh, people are like, 615 00:33:46,040 --> 00:33:49,200 Speaker 1: what the heck is this crypto thing? And they're google crypto, crypto, crypto, um. 616 00:33:49,240 --> 00:33:50,520 Speaker 1: And as it was going up, that was a good thing. 617 00:33:50,520 --> 00:33:52,720 Speaker 1: But now they're not, they're not googling that. Now they're 618 00:33:52,760 --> 00:33:58,360 Speaker 1: they're they're googling bitcoin crash. Um. Because of course we're 619 00:33:58,400 --> 00:34:00,920 Speaker 1: going into a barren market and we can see it's 620 00:34:00,920 --> 00:34:03,520 Speaker 1: trending again, like I said, according to the data from 621 00:34:03,560 --> 00:34:06,920 Speaker 1: Google Trends. Now, as far as why did it crash, 622 00:34:07,000 --> 00:34:12,359 Speaker 1: we've talked about this extensively, um, but this is kind 623 00:34:12,360 --> 00:34:16,360 Speaker 1: of a indicator, and so we're trying to gauge market sentiment. 624 00:34:16,360 --> 00:34:18,760 Speaker 1: And so when the whole market starts to think something 625 00:34:18,880 --> 00:34:24,319 Speaker 1: is going down, typically it starts to go back up. Now, 626 00:34:24,360 --> 00:34:26,680 Speaker 1: one thing, as I said, it's important to try to 627 00:34:26,880 --> 00:34:30,879 Speaker 1: time the market. Um. But it's impossible to time the market. 628 00:34:30,880 --> 00:34:33,239 Speaker 1: But we still look at a couple of things. So 629 00:34:33,280 --> 00:34:35,200 Speaker 1: there's a couple of indicators that we look at. There's 630 00:34:35,200 --> 00:34:36,560 Speaker 1: all types of indicator will throw out a couple of 631 00:34:36,600 --> 00:34:39,960 Speaker 1: real quick at you, um, and they're showing that now 632 00:34:40,120 --> 00:34:43,000 Speaker 1: might be a pretty good time. Um. There's one that's 633 00:34:43,000 --> 00:34:47,160 Speaker 1: called the pic cycle bottom indicator, and the indicator comprises 634 00:34:47,200 --> 00:34:50,920 Speaker 1: a four one day simple moving average s m A. 635 00:34:51,360 --> 00:34:54,640 Speaker 1: So it basically smoothed it out UM over like for 636 00:34:54,880 --> 00:34:58,000 Speaker 1: a little over four years, and a one fifty period 637 00:34:58,040 --> 00:35:01,520 Speaker 1: exponential moving average UM, and then it multiplized it a 638 00:35:01,560 --> 00:35:04,600 Speaker 1: little bit complicated by zero point five, and the outcome 639 00:35:04,680 --> 00:35:07,920 Speaker 1: is then compared against the hundred and fifty day moving 640 00:35:07,960 --> 00:35:12,200 Speaker 1: average to predict when the markets underlying bottom is. Now 641 00:35:13,680 --> 00:35:16,640 Speaker 1: that's a little complicated, uh, but just know that each 642 00:35:16,640 --> 00:35:19,200 Speaker 1: time the hundred fifty period e m A has fallen 643 00:35:19,280 --> 00:35:23,440 Speaker 1: below the four seventy one period it has marked the 644 00:35:23,760 --> 00:35:26,839 Speaker 1: end of a bitcoin bear market. Now, this worked really 645 00:35:26,880 --> 00:35:30,120 Speaker 1: well in two thousand fifteen. The crossover coincided with the 646 00:35:30,120 --> 00:35:34,160 Speaker 1: bitcoin bottoming at at at only a hundred and sixty dollars. 647 00:35:34,440 --> 00:35:37,480 Speaker 1: Back then I started buying in not that cheap as 648 00:35:37,480 --> 00:35:41,880 Speaker 1: about three d UM. That was in January, followed by 649 00:35:41,920 --> 00:35:47,080 Speaker 1: an almost twelve thousand percent bull run towards twenty thousand. 650 00:35:47,080 --> 00:35:50,319 Speaker 1: I gotta participate to participate in that. That That was pretty awesome. Um. 651 00:35:50,360 --> 00:35:53,280 Speaker 1: We saw this happened a second time. UM. The hundred 652 00:35:53,280 --> 00:35:56,920 Speaker 1: fifty UM and the four seventy one crossover happened again 653 00:35:57,200 --> 00:35:59,800 Speaker 1: at the end of the two thousand eighteen bear cycle, 654 00:36:00,560 --> 00:36:03,880 Speaker 1: and then it followed a two thousand percent price rally 655 00:36:04,000 --> 00:36:07,560 Speaker 1: from about thirty two in December up to sixty nine 656 00:36:07,600 --> 00:36:11,359 Speaker 1: thousand November one. So this we're seeing it happen again 657 00:36:11,400 --> 00:36:16,920 Speaker 1: for only the third time in history. UM, the third 658 00:36:17,080 --> 00:36:21,000 Speaker 1: pe cycle bottom in history. UM happens right around the 659 00:36:21,040 --> 00:36:24,760 Speaker 1: twenty thousand mark, and it's after a seventy five plus 660 00:36:24,920 --> 00:36:28,200 Speaker 1: price correction from its peak of sixty nine thousand dollars. 661 00:36:28,440 --> 00:36:31,280 Speaker 1: Does that mean we could be at the bottom, Well, 662 00:36:31,320 --> 00:36:35,000 Speaker 1: it might be about that times. Seeing as bitcoin the 663 00:36:35,040 --> 00:36:37,880 Speaker 1: NASTAC is going to pivot off of this news of 664 00:36:37,920 --> 00:36:40,680 Speaker 1: the FED predicting when they will stop raising rates, which 665 00:36:40,680 --> 00:36:43,239 Speaker 1: has now been moved up from three all the way 666 00:36:43,280 --> 00:36:46,040 Speaker 1: U tail maybe the end of two. But that's just 667 00:36:46,080 --> 00:36:48,759 Speaker 1: what these indicators tell us. But what do you think 668 00:36:48,800 --> 00:36:50,000 Speaker 1: I'd love to hear from you? Hit me up on 669 00:36:50,040 --> 00:36:52,640 Speaker 1: social media at one Mark Moss. You've been listening to 670 00:36:52,680 --> 00:36:57,000 Speaker 1: the Mark mos Show talking about UM, the FED, CPI 671 00:36:57,080 --> 00:37:00,839 Speaker 1: and raising rates, decent res revolution, bitcoin, cryptocurrencies and more. 672 00:37:00,840 --> 00:37:03,359 Speaker 1: Everything you need to stay up to date. UM. If 673 00:37:03,400 --> 00:37:04,799 Speaker 1: you missed any of this, catch you out on the 674 00:37:04,800 --> 00:37:07,359 Speaker 1: podcast network. Just search Mark Moss Podcast or the Mark 675 00:37:07,400 --> 00:37:09,480 Speaker 1: Moss Show on your favorite podcast app. And that's what 676 00:37:09,480 --> 00:37:10,720 Speaker 1: I got for you to to day. Thanks for listening.