1 00:00:00,040 --> 00:00:03,720 Speaker 1: Hello, and welcome to another episode of The Mark Ma Show, 2 00:00:03,760 --> 00:00:05,640 Speaker 1: where we talk about each and every week. Of course, 3 00:00:05,680 --> 00:00:08,760 Speaker 1: we talked about the decentralized Revolution, talking about the way 4 00:00:08,800 --> 00:00:11,920 Speaker 1: the world is changing right before our very eyes. We're 5 00:00:12,039 --> 00:00:14,200 Speaker 1: living through a period of history that's going to be 6 00:00:14,240 --> 00:00:19,239 Speaker 1: talked about for millennia to come, mostly probably people scratching 7 00:00:19,280 --> 00:00:21,560 Speaker 1: their heads saying what the heck were they thinking? But 8 00:00:21,640 --> 00:00:23,439 Speaker 1: here we are living through it as the world is 9 00:00:23,480 --> 00:00:26,840 Speaker 1: swinging from a world of centralization and we'll go back 10 00:00:26,840 --> 00:00:28,760 Speaker 1: to a world of decentralization. We look at it through 11 00:00:28,760 --> 00:00:32,360 Speaker 1: the lens of politics, finance, and technology, and of course 12 00:00:32,400 --> 00:00:36,280 Speaker 1: those technologies are bitcoin and cryptocurrencies that are helping to 13 00:00:36,320 --> 00:00:40,040 Speaker 1: decentralize the world. But the world is decentralizing politically and 14 00:00:40,040 --> 00:00:42,680 Speaker 1: financially as well. So we look at it through those 15 00:00:42,720 --> 00:00:44,800 Speaker 1: three lenses, and I try to bring to you each 16 00:00:44,800 --> 00:00:46,959 Speaker 1: and every week. I try to bring you, um some 17 00:00:47,159 --> 00:00:51,000 Speaker 1: education to help you see the world a little bit differently. Um. 18 00:00:51,080 --> 00:00:53,840 Speaker 1: If you don't understand at a deeper level really what's 19 00:00:53,880 --> 00:00:55,680 Speaker 1: going on, then you're just missing this whole thing and 20 00:00:55,680 --> 00:00:57,600 Speaker 1: you don't know what to do. I started to bring 21 00:00:57,600 --> 00:00:59,520 Speaker 1: to you some of the latest breaking news each every 22 00:00:59,520 --> 00:01:02,160 Speaker 1: weeks here up to date on what's going on, and 23 00:01:02,760 --> 00:01:05,880 Speaker 1: some interesting guests each end every week. And so we 24 00:01:05,959 --> 00:01:07,520 Speaker 1: have all of that, but right now I want to 25 00:01:07,520 --> 00:01:10,520 Speaker 1: dig into some education. And I want to dig into 26 00:01:10,520 --> 00:01:13,759 Speaker 1: some education so you can understand exactly what's going on 27 00:01:14,120 --> 00:01:17,600 Speaker 1: when you watch the news, when you hear what, you 28 00:01:17,640 --> 00:01:21,560 Speaker 1: know what what read any of your financial publications, news publications, 29 00:01:21,959 --> 00:01:25,160 Speaker 1: and I want you to understand what's really going on. 30 00:01:25,840 --> 00:01:27,280 Speaker 1: And so we have to dig a little bit deeper 31 00:01:27,440 --> 00:01:29,440 Speaker 1: and something that we would probably call like a first 32 00:01:29,440 --> 00:01:31,480 Speaker 1: principle's level. Most people don't really think through like a 33 00:01:31,520 --> 00:01:34,640 Speaker 1: first or second order. We have to kind of you've 34 00:01:34,680 --> 00:01:38,240 Speaker 1: you've probably heard before where people say, um, if you 35 00:01:38,280 --> 00:01:39,920 Speaker 1: really want to get to like what it is you're 36 00:01:39,920 --> 00:01:41,399 Speaker 1: trying to do or why you're trying to do it, 37 00:01:41,400 --> 00:01:44,320 Speaker 1: you just keep asking yourself why seven times? Well why 38 00:01:44,360 --> 00:01:46,360 Speaker 1: is that? Well? Why is that? Well? Why is that? 39 00:01:46,520 --> 00:01:48,000 Speaker 1: And so you want to kind of keep getting down 40 00:01:48,080 --> 00:01:50,320 Speaker 1: deeper and deeper. Most people don't think through the first order. 41 00:01:50,480 --> 00:01:55,280 Speaker 1: So for example, um, hey, uh, you know, prices of 42 00:01:55,960 --> 00:01:58,840 Speaker 1: prices of living have gone up, but really high, and uh, 43 00:01:58,880 --> 00:02:03,040 Speaker 1: that's really dis proportionately affecting the poor people, and so 44 00:02:03,160 --> 00:02:05,280 Speaker 1: why don't we give them a little bit of stimulus 45 00:02:05,280 --> 00:02:08,520 Speaker 1: to help That sounds pretty good on the surface, like 46 00:02:08,600 --> 00:02:10,880 Speaker 1: let's all help out, Like I like that, It sounds good. 47 00:02:11,280 --> 00:02:14,000 Speaker 1: But let's think through the second order of that, and 48 00:02:14,120 --> 00:02:16,080 Speaker 1: the third order, in the fourth order, fifth or so, 49 00:02:16,200 --> 00:02:18,320 Speaker 1: if we do that, then what happens. Well, one, we 50 00:02:18,360 --> 00:02:19,959 Speaker 1: have to print a bunch of money we don't have 51 00:02:20,520 --> 00:02:22,840 Speaker 1: because that increases the debt. If we do that, then 52 00:02:22,880 --> 00:02:25,680 Speaker 1: what happens, right, So, and you can keep playing that. 53 00:02:25,720 --> 00:02:27,440 Speaker 1: I'm not going to dig down that rabbit hole for now, 54 00:02:27,480 --> 00:02:30,280 Speaker 1: but I want to dig in on something that's going 55 00:02:30,360 --> 00:02:35,120 Speaker 1: to hopefully help you understand what's going on and um, 56 00:02:35,240 --> 00:02:39,560 Speaker 1: more importantly, help you navigate what's gonna go on, so 57 00:02:39,600 --> 00:02:41,080 Speaker 1: you know what to do with your money and so 58 00:02:41,120 --> 00:02:43,080 Speaker 1: you don't get wiped out. Put instead, you keep your 59 00:02:43,080 --> 00:02:46,280 Speaker 1: head above water. And I think once you understand this, 60 00:02:46,320 --> 00:02:48,800 Speaker 1: it's all gonna become very clear. And um, we're gonna 61 00:02:48,800 --> 00:02:55,160 Speaker 1: title this the and that inflation is state sponsored terrorism. 62 00:02:55,240 --> 00:02:57,600 Speaker 1: M hmm, that's a big word. Now. I'm borrowing this 63 00:02:57,680 --> 00:03:01,359 Speaker 1: from Jeff Dice. He's the head of the MESAS Institute. 64 00:03:01,720 --> 00:03:05,560 Speaker 1: UM check out MESAS dot org for more info on them. Basically, 65 00:03:05,560 --> 00:03:07,720 Speaker 1: it's about the Austrian school of economics. So there's really 66 00:03:07,760 --> 00:03:10,760 Speaker 1: two schools of economic theory, and you have the Austrian 67 00:03:10,800 --> 00:03:13,880 Speaker 1: school of economics and you have the Kinsian um school 68 00:03:13,880 --> 00:03:18,919 Speaker 1: of economics. In all of traditional education, all um colleges, 69 00:03:18,960 --> 00:03:22,760 Speaker 1: et cetera. Universities that teach economics teach Kinsian economics, they 70 00:03:22,800 --> 00:03:26,720 Speaker 1: don't teach Austrian. Most likely, from dozens and dozens and 71 00:03:26,760 --> 00:03:29,120 Speaker 1: dozens of people that I know who have majored in 72 00:03:29,160 --> 00:03:32,839 Speaker 1: economics at all different universities around the United States, they've 73 00:03:32,880 --> 00:03:35,400 Speaker 1: all told me that they never even heard of Austrian 74 00:03:35,480 --> 00:03:40,400 Speaker 1: economics going through university UM. But these are two um again, 75 00:03:40,440 --> 00:03:43,600 Speaker 1: Austrian and Kinsian. Our whole system is built on Kinsian 76 00:03:44,040 --> 00:03:47,240 Speaker 1: Why of course it comes after John Maynard Keynes, which 77 00:03:47,240 --> 00:03:51,800 Speaker 1: it comes after after. And uh, everyone teaches that and 78 00:03:51,960 --> 00:03:54,080 Speaker 1: tells us that's the right way to do it, and 79 00:03:54,080 --> 00:03:57,800 Speaker 1: why it's so important because it justifies the government printing 80 00:03:57,800 --> 00:04:02,240 Speaker 1: themselves unlimited amounts of money. Whereas Austrian school of economics 81 00:04:02,520 --> 00:04:05,680 Speaker 1: is different, whereas they believe in sound money and savings 82 00:04:05,680 --> 00:04:08,760 Speaker 1: and deploying capital and being efficient, etcetera. So that's the 83 00:04:08,840 --> 00:04:11,320 Speaker 1: right way in my opinion, but the government doesn't like 84 00:04:11,400 --> 00:04:14,920 Speaker 1: that because it would make them have restraint, which they 85 00:04:14,920 --> 00:04:17,760 Speaker 1: don't want. So anyway, check out Mesas dot org if 86 00:04:17,760 --> 00:04:20,920 Speaker 1: you want to learn more about Austrian economics. UM and 87 00:04:20,920 --> 00:04:23,760 Speaker 1: it's really based off of Leadwiguan Mesas wrote the book 88 00:04:23,800 --> 00:04:26,760 Speaker 1: called Human Action, and it's all about human action. Like 89 00:04:27,000 --> 00:04:31,760 Speaker 1: humans act, we act like humans want more order in 90 00:04:31,800 --> 00:04:35,960 Speaker 1: our lives. I want things to be better. Those things 91 00:04:35,960 --> 00:04:40,800 Speaker 1: that I want build into my motivations that then cause 92 00:04:40,920 --> 00:04:45,279 Speaker 1: me to act. It's very simple, right, it sounds simple. 93 00:04:45,520 --> 00:04:49,240 Speaker 1: But for some reason, the Kinsians don't understand that. They 94 00:04:49,279 --> 00:04:51,719 Speaker 1: don't believe in human action. So they think that everybody 95 00:04:51,760 --> 00:04:54,200 Speaker 1: is just a number on a spreadsheet and everybody could 96 00:04:54,200 --> 00:04:57,680 Speaker 1: be managed very simply like that. And so for example, well, 97 00:04:57,760 --> 00:05:01,240 Speaker 1: let's just, uh, let's just tax these people at seventy 98 00:05:01,320 --> 00:05:04,240 Speaker 1: percent of their wealth and let's give that money to 99 00:05:04,400 --> 00:05:07,280 Speaker 1: these people and that will work out, right, it'll just 100 00:05:07,360 --> 00:05:11,279 Speaker 1: even out. But they don't take into a consideration human action, 101 00:05:11,440 --> 00:05:13,960 Speaker 1: whereas like we'll shoot, if you're going to take seventy 102 00:05:14,279 --> 00:05:18,560 Speaker 1: of my wealth, then I'm probably not gonna work that hard, right, 103 00:05:18,960 --> 00:05:21,600 Speaker 1: that's the motivation piece. That's what they're missing. So anyway, 104 00:05:21,880 --> 00:05:25,279 Speaker 1: let's dig into this a little bit here. So Americans, 105 00:05:26,040 --> 00:05:28,040 Speaker 1: not just Americans, the entire world, no matter where you're 106 00:05:28,040 --> 00:05:31,720 Speaker 1: listening from, we are suffering from a massive inflation. That's 107 00:05:31,760 --> 00:05:34,280 Speaker 1: what we're being told. R C p I CPI, CPI 108 00:05:34,400 --> 00:05:36,520 Speaker 1: is on a new record forty year high, forty year high, 109 00:05:36,560 --> 00:05:39,040 Speaker 1: forty high. Well, it came down a little bit. You've 110 00:05:39,040 --> 00:05:40,520 Speaker 1: got all the way to nine point one. Now it's 111 00:05:40,560 --> 00:05:44,080 Speaker 1: back down to eight point five. Hoay, hooray. That doesn't 112 00:05:44,080 --> 00:05:45,680 Speaker 1: mean prices are coming back down to where they were. 113 00:05:45,839 --> 00:05:48,320 Speaker 1: That just means they're still going up just a little 114 00:05:48,360 --> 00:05:50,560 Speaker 1: bit of a less rate. So we have this massive 115 00:05:50,600 --> 00:05:52,480 Speaker 1: inflation we've been feeling. We've been feeling the pain the 116 00:05:52,520 --> 00:05:55,800 Speaker 1: gas pump, the grocery store, all these things. And of 117 00:05:55,920 --> 00:05:59,359 Speaker 1: course the leaders that be, the politicians, the federals, are 118 00:05:59,400 --> 00:06:01,000 Speaker 1: of the central bankers. They tell us that it's not 119 00:06:01,080 --> 00:06:03,080 Speaker 1: a problem, it's not a problem. Oh, it's transitory, it's 120 00:06:03,120 --> 00:06:05,320 Speaker 1: it's your temper that's going to go away. But once 121 00:06:05,360 --> 00:06:08,400 Speaker 1: it became impossible to sell that narratve anymore, once it 122 00:06:08,560 --> 00:06:11,600 Speaker 1: didn't go away, once people started crying out, because the 123 00:06:11,640 --> 00:06:13,440 Speaker 1: pain of gas pump and the grocery store is way 124 00:06:13,480 --> 00:06:17,560 Speaker 1: too high. Then the Federal Reserve had to do something 125 00:06:17,560 --> 00:06:20,120 Speaker 1: about it. The Biden administration, the president, and again if 126 00:06:20,160 --> 00:06:23,640 Speaker 1: you're another country, whatever political party you have, they all 127 00:06:23,800 --> 00:06:26,279 Speaker 1: have to do something about this inflation. And so they will. 128 00:06:26,520 --> 00:06:29,279 Speaker 1: And so the Federal Reserve wants to start raising rates 129 00:06:30,080 --> 00:06:33,200 Speaker 1: because if they start raising rates, then maybe they could 130 00:06:33,839 --> 00:06:36,200 Speaker 1: bring down prices. Now, there's a bunch of ways we 131 00:06:36,240 --> 00:06:38,840 Speaker 1: can talk about this, but I'm gonna try to stay 132 00:06:38,920 --> 00:06:41,119 Speaker 1: focused a little bit for you guys and not wander 133 00:06:41,160 --> 00:06:43,960 Speaker 1: around too much. And so basically we have this um 134 00:06:44,480 --> 00:06:51,920 Speaker 1: this monetary policy or this monetary regime of inflationism. Okay, Now, 135 00:06:52,200 --> 00:06:58,000 Speaker 1: under the Austrian school of economics, inflation, as roth Part said, 136 00:06:58,080 --> 00:07:00,520 Speaker 1: is always a monetary phenomenon. So inflation is when you 137 00:07:00,760 --> 00:07:03,839 Speaker 1: increase the money supply. When you increase the money supply 138 00:07:03,960 --> 00:07:07,320 Speaker 1: causes all types of things to happen. Um, the prices 139 00:07:07,360 --> 00:07:10,920 Speaker 1: of all types of gooden services change, and supply change change, 140 00:07:11,040 --> 00:07:13,000 Speaker 1: and all these things happen when you increase the money supply. 141 00:07:13,320 --> 00:07:17,320 Speaker 1: But in today's terms, they consider inflation the cost of 142 00:07:17,360 --> 00:07:21,720 Speaker 1: goods and services going up CPI right, But I I 143 00:07:21,800 --> 00:07:23,400 Speaker 1: put out a tweet a while ago, I said, the 144 00:07:23,760 --> 00:07:27,400 Speaker 1: two greatest tricks that the Central Bank ever played on 145 00:07:27,520 --> 00:07:32,119 Speaker 1: us is one convincing us that the money supply should 146 00:07:32,240 --> 00:07:35,480 Speaker 1: always increase. And a lot of people you hear that 147 00:07:35,600 --> 00:07:37,920 Speaker 1: right now, and you go, but market has to uh. 148 00:07:38,120 --> 00:07:41,040 Speaker 1: As the population increases, the money supply has to increase. Right, 149 00:07:41,840 --> 00:07:44,120 Speaker 1: that's the greatest trick. The second greatest trick is that 150 00:07:44,760 --> 00:07:49,280 Speaker 1: your asset prices going up is a good thing. We're 151 00:07:49,280 --> 00:07:51,080 Speaker 1: gonna break those down. But what I want to tell 152 00:07:51,120 --> 00:07:54,160 Speaker 1: you is that this is even way more profound than 153 00:07:54,280 --> 00:07:56,600 Speaker 1: just the price of your groceries or your gas. It's 154 00:07:56,720 --> 00:07:59,640 Speaker 1: way more profound than your asset prices, your retirement accounts 155 00:07:59,640 --> 00:08:02,360 Speaker 1: and your box or a real estate. Alright, this has 156 00:08:02,480 --> 00:08:09,400 Speaker 1: profound social, moral, and even lasting civilizational effects. Pretty big. 157 00:08:09,480 --> 00:08:11,600 Speaker 1: All right, let's dig into this a little bit. Now. 158 00:08:12,000 --> 00:08:13,840 Speaker 1: I don't want to go super deep, in super far 159 00:08:13,920 --> 00:08:15,600 Speaker 1: back into history. We're gonna dig We're gonna take a 160 00:08:15,600 --> 00:08:18,280 Speaker 1: little bit into history and a little bit um, but 161 00:08:18,360 --> 00:08:20,280 Speaker 1: I want to kind of frame this up a little 162 00:08:20,280 --> 00:08:24,080 Speaker 1: bit into something in modern day terms. Um. Then we'll 163 00:08:24,120 --> 00:08:26,120 Speaker 1: dig back and we're gonna look at a couple of 164 00:08:26,240 --> 00:08:28,880 Speaker 1: examples through history not too far we'll go back into 165 00:08:28,920 --> 00:08:31,280 Speaker 1: the nineties and the two thousand's not too far away, 166 00:08:32,559 --> 00:08:35,600 Speaker 1: and then we're gonna explain exactly what these policies are, 167 00:08:36,640 --> 00:08:40,800 Speaker 1: what that actually means for you and for your life, 168 00:08:41,080 --> 00:08:44,040 Speaker 1: for your offpring, and I'm gonna dig into, like I said, 169 00:08:44,360 --> 00:08:47,440 Speaker 1: even what this is doing in a society level. Now, 170 00:08:47,480 --> 00:08:50,920 Speaker 1: if you can understand this at this first principle's level, 171 00:08:51,400 --> 00:08:53,439 Speaker 1: everything you see on the news from the White House 172 00:08:53,480 --> 00:08:57,240 Speaker 1: Press Secretary to Biden, read enough the teleprompter, to the 173 00:08:57,280 --> 00:08:59,720 Speaker 1: Federal Reserve talking or the E c B or whatever country, 174 00:08:59,760 --> 00:09:02,400 Speaker 1: and it's all going to make sense. You don't want 175 00:09:02,400 --> 00:09:04,360 Speaker 1: to miss this. You're listening to the Mark mo Show. 176 00:09:04,400 --> 00:09:07,280 Speaker 1: Of course, we talk about the decentralized revolution, the way 177 00:09:07,320 --> 00:09:11,280 Speaker 1: the world is changing, moving from centralization to decentralization. We 178 00:09:11,360 --> 00:09:14,640 Speaker 1: look at it through the lens of politics, finance, and technology, 179 00:09:14,920 --> 00:09:17,280 Speaker 1: and we're really digging into the finance piece today because 180 00:09:17,280 --> 00:09:21,000 Speaker 1: that's on everyone's minds. And again, if you understand this 181 00:09:21,080 --> 00:09:22,360 Speaker 1: at the level i'm gonna break it down for you, 182 00:09:22,840 --> 00:09:26,199 Speaker 1: then you're gonna understand everything that's going on and how 183 00:09:26,280 --> 00:09:27,839 Speaker 1: you should survive on it give you the game plan 184 00:09:27,960 --> 00:09:29,960 Speaker 1: and what you should do to navigate this. So don't 185 00:09:30,000 --> 00:09:31,760 Speaker 1: go away. I want to be back with that and 186 00:09:32,000 --> 00:09:34,160 Speaker 1: more in a minute. It's a big show. I'll be back, 187 00:09:34,720 --> 00:09:37,800 Speaker 1: all right, Welcome back. You are still listening, or if 188 00:09:37,840 --> 00:09:39,800 Speaker 1: you're just joining and you're listening to the Mark Moa Show. 189 00:09:39,840 --> 00:09:42,560 Speaker 1: We talk about the decentralized revolution, the way the world 190 00:09:42,679 --> 00:09:44,880 Speaker 1: is changing right before our very eyes, and we look 191 00:09:44,880 --> 00:09:47,840 Speaker 1: at it through the lens of politics, finance, and technology 192 00:09:48,480 --> 00:09:51,040 Speaker 1: and today uh, and I look at through those lenses 193 00:09:51,080 --> 00:09:53,480 Speaker 1: because all three of those rapidly changes. Today we're talking 194 00:09:53,520 --> 00:09:55,760 Speaker 1: about the finance side of things, and it's something that's 195 00:09:55,800 --> 00:09:58,599 Speaker 1: near and dear to everybody's heart, but most people have 196 00:09:58,960 --> 00:10:02,040 Speaker 1: no idea, uh, what it even is. And so the 197 00:10:02,120 --> 00:10:04,959 Speaker 1: thing that I'm talking about is inflation as defined in 198 00:10:05,000 --> 00:10:07,640 Speaker 1: today's terms of the price of goods and services going up. 199 00:10:07,840 --> 00:10:10,280 Speaker 1: Everybody's feeling that, all right, But let's just go back 200 00:10:10,280 --> 00:10:13,080 Speaker 1: a couple of years ago. So remember like two thousand nineteen, 201 00:10:13,200 --> 00:10:16,160 Speaker 1: before the pandemic broke out, before all that stuff happened, Um, 202 00:10:16,240 --> 00:10:18,880 Speaker 1: seemed like everything was going great, right, Like the U. S. 203 00:10:18,960 --> 00:10:21,679 Speaker 1: Economy was booming, the stock markets were making all time 204 00:10:21,760 --> 00:10:26,280 Speaker 1: highs Um, everybody was happy, Well not everybody, right, You 205 00:10:26,320 --> 00:10:28,000 Speaker 1: remember there was a whole group of people they were 206 00:10:28,040 --> 00:10:29,720 Speaker 1: like the never Trumpers, and they're going to move out 207 00:10:29,760 --> 00:10:33,560 Speaker 1: of the country, and so there was all this angst 208 00:10:33,760 --> 00:10:36,480 Speaker 1: built up in the system. But it was kind of 209 00:10:36,559 --> 00:10:38,760 Speaker 1: going okay, right, I mean, the economy is kind of good. 210 00:10:38,800 --> 00:10:42,400 Speaker 1: We're we're all making money. But we were already getting 211 00:10:42,400 --> 00:10:43,880 Speaker 1: to the point where people were kind of at each 212 00:10:43,880 --> 00:10:49,480 Speaker 1: other's throats. Now, Um, if you think that America was divided, 213 00:10:49,559 --> 00:10:53,360 Speaker 1: then uh, Dr Bob Murphy he's also with the me 214 00:10:53,480 --> 00:10:56,000 Speaker 1: since too. He said in two if you think America's divided, now, 215 00:10:56,440 --> 00:10:58,920 Speaker 1: what do you think would happen if the economy was terrible, 216 00:10:59,559 --> 00:11:03,480 Speaker 1: like we had another crash in two thoight? Well we're 217 00:11:03,559 --> 00:11:06,400 Speaker 1: finding out right now. We're about to find out right now. 218 00:11:06,480 --> 00:11:10,360 Speaker 1: Imagine living in some of these countries and emerging markets. Today. 219 00:11:10,400 --> 00:11:12,599 Speaker 1: We saw Sri Loca blow up, Lebanon blow up, we 220 00:11:12,640 --> 00:11:16,560 Speaker 1: saw Turkey blow up, Venezuela, Argentina, Peru ecuator tapping all 221 00:11:16,559 --> 00:11:19,480 Speaker 1: around the world. Imagine living there. We see if you 222 00:11:19,520 --> 00:11:21,360 Speaker 1: don't see what mainstream media, but if you jump onto Twitter, 223 00:11:21,440 --> 00:11:23,439 Speaker 1: you'll see each of these countries are just named have 224 00:11:24,320 --> 00:11:26,679 Speaker 1: hundreds of thousands, of not millions of people in the 225 00:11:26,760 --> 00:11:32,280 Speaker 1: streets protesting because it is bad news today. And so UM, 226 00:11:32,400 --> 00:11:34,600 Speaker 1: that's an extreme case, and sometimes you need that extreme 227 00:11:34,640 --> 00:11:37,400 Speaker 1: case to understand this. But we're talking about this inflation 228 00:11:38,360 --> 00:11:42,880 Speaker 1: is um as a policy all right. Now, in today's terms, UM, 229 00:11:42,960 --> 00:11:46,920 Speaker 1: the government has to continue to create this inflationism, this expansion, 230 00:11:46,920 --> 00:11:49,920 Speaker 1: the money spy because we have to. We don't bring 231 00:11:50,000 --> 00:11:53,360 Speaker 1: in enough tax revenue to to meet or exceed the 232 00:11:53,520 --> 00:11:55,880 Speaker 1: spending of the government. So now we have deficit spending. 233 00:11:55,960 --> 00:11:58,200 Speaker 1: So every year they have to borrow money or print 234 00:11:58,240 --> 00:12:01,640 Speaker 1: money just to continue spending. We of this deliberate credit 235 00:12:01,720 --> 00:12:05,319 Speaker 1: expansion on a national scale. Uh, you know, we've we 236 00:12:05,480 --> 00:12:08,079 Speaker 1: have As they create all this extra money, it's created 237 00:12:08,400 --> 00:12:10,920 Speaker 1: more money chasing the same amount of limited goods and services, 238 00:12:11,000 --> 00:12:14,160 Speaker 1: which brings the price up. Right. But let's just talk 239 00:12:14,200 --> 00:12:17,880 Speaker 1: about this inflation as a policy. Okay, So the first 240 00:12:17,960 --> 00:12:22,040 Speaker 1: thing is that, um, the goal of the Federal Reserve, 241 00:12:22,920 --> 00:12:26,720 Speaker 1: the goal of the United States is to have inflation. 242 00:12:26,960 --> 00:12:29,079 Speaker 1: That's their that's their main policy, and they want to 243 00:12:29,280 --> 00:12:33,920 Speaker 1: have two percent inflation. Now, what does that mean, so 244 00:12:34,040 --> 00:12:36,679 Speaker 1: they want to increase the amount of money every year 245 00:12:36,760 --> 00:12:40,280 Speaker 1: by two They want prices to go up by two percent. 246 00:12:41,800 --> 00:12:45,120 Speaker 1: What that means is that your dollars are buying less 247 00:12:45,360 --> 00:12:47,959 Speaker 1: goods and services every single year. What it means is 248 00:12:48,040 --> 00:12:50,680 Speaker 1: that you have to work harder and harder and harder. 249 00:12:51,040 --> 00:12:53,920 Speaker 1: You have to work more hours just to have the 250 00:12:54,120 --> 00:12:59,040 Speaker 1: same level of living that you had before. All right, 251 00:12:59,400 --> 00:13:03,040 Speaker 1: now that is their target, right, and they should own that, 252 00:13:03,360 --> 00:13:05,280 Speaker 1: all right? And now Mysa has made a quote the 253 00:13:05,360 --> 00:13:07,679 Speaker 1: crack of boom. He says, suddenly when people realize that 254 00:13:07,760 --> 00:13:11,959 Speaker 1: inflation is both deliberate and never ending, it's deliberate. This 255 00:13:12,160 --> 00:13:16,400 Speaker 1: is their policy, all right, They set out to do that. Now, 256 00:13:16,520 --> 00:13:19,760 Speaker 1: the policy of inflation, it's engineered. Like I said that, 257 00:13:19,920 --> 00:13:23,920 Speaker 1: their policy is two. But let's say that we get 258 00:13:23,920 --> 00:13:26,640 Speaker 1: to nine, which is where we got. Now, that's just 259 00:13:27,160 --> 00:13:31,040 Speaker 1: barely a little bit difference. That's like saying, um, you know, 260 00:13:31,600 --> 00:13:33,240 Speaker 1: a little bit of poison is good for us, but 261 00:13:33,280 --> 00:13:36,040 Speaker 1: a lot of poisons not. It's basically what that's saying. 262 00:13:36,280 --> 00:13:40,200 Speaker 1: But let's let's think about what that actually means. All right, 263 00:13:40,280 --> 00:13:46,000 Speaker 1: So at ten percent inflation, in seven years, you'll have 264 00:13:46,400 --> 00:13:50,280 Speaker 1: lost half of your purchasing power. So if you had 265 00:13:50,320 --> 00:13:52,760 Speaker 1: a hundred thousand dollars, let's say let's say that you 266 00:13:52,840 --> 00:13:54,640 Speaker 1: want to buy a house and you're gonna pay cash, 267 00:13:54,679 --> 00:13:56,559 Speaker 1: and you had a hundred thousand dollars and I was 268 00:13:56,559 --> 00:13:58,800 Speaker 1: gonna pay cash, but you know what, I'm probably gonna 269 00:13:58,840 --> 00:14:00,679 Speaker 1: travel for a couple of years, so I'm gonna put 270 00:14:00,720 --> 00:14:02,200 Speaker 1: that money in the bank, and then I'm gonna come 271 00:14:02,240 --> 00:14:03,480 Speaker 1: back and buy the house in a couple of years. 272 00:14:03,679 --> 00:14:05,600 Speaker 1: So in seven years from now, you decided to buy 273 00:14:05,600 --> 00:14:07,559 Speaker 1: the house. But the problem is that hundred thousands. You 274 00:14:07,600 --> 00:14:09,640 Speaker 1: still have the hundred thousand in the bank, but today 275 00:14:09,880 --> 00:14:13,160 Speaker 1: it only buys you fifty thousand dollars worth of a 276 00:14:13,240 --> 00:14:16,560 Speaker 1: house because of the inflation pushing the price of things 277 00:14:16,720 --> 00:14:20,480 Speaker 1: up so much. Inflation, that's why he's making the case 278 00:14:20,480 --> 00:14:25,200 Speaker 1: of inflation is nothing less than sanctioned state terror. Terror, 279 00:14:25,640 --> 00:14:27,960 Speaker 1: and we should treat it as such. It's criminal. It 280 00:14:28,080 --> 00:14:30,960 Speaker 1: makes us live in fear, think about terrorism. It makes 281 00:14:31,040 --> 00:14:33,680 Speaker 1: us live in fear. And it's not just economic issue. 282 00:14:34,120 --> 00:14:37,320 Speaker 1: In fact, it produces deep cultural and social sickness in 283 00:14:37,520 --> 00:14:41,000 Speaker 1: any society. It touches. It makes planning ahead, it makes 284 00:14:41,040 --> 00:14:45,760 Speaker 1: planning for your business, your own personal expenses, your entrepreneurship. 285 00:14:46,280 --> 00:14:49,120 Speaker 1: It makes all that planning, which would of course rely 286 00:14:49,280 --> 00:14:53,640 Speaker 1: on profits and lost calculations money prices, way more difficult. 287 00:14:53,680 --> 00:14:56,120 Speaker 1: It makes it way more risky. And when it's more 288 00:14:56,120 --> 00:14:59,080 Speaker 1: difficult and risky, we get less of it, So we 289 00:14:59,160 --> 00:15:03,840 Speaker 1: get less investments, we get less business booming, but also 290 00:15:03,960 --> 00:15:07,400 Speaker 1: inflation prices going up, where your dollars buying you less 291 00:15:07,440 --> 00:15:11,680 Speaker 1: and less, destroys both existing wealth and future wealth. So 292 00:15:11,800 --> 00:15:14,080 Speaker 1: that hundred thousand dollars that put in my bank, it 293 00:15:14,400 --> 00:15:17,080 Speaker 1: destroys that, and it now only buys me half as 294 00:15:17,160 --> 00:15:20,720 Speaker 1: much goods, but it also destroys future wealth. All right. 295 00:15:21,160 --> 00:15:24,520 Speaker 1: It diminishes the world that our children, our grandchildren habit, 296 00:15:24,920 --> 00:15:29,240 Speaker 1: and it makes us poor and vulnerable in our senior years. Now, um, 297 00:15:29,720 --> 00:15:32,320 Speaker 1: just not that long ago. Twenty years ago. With a 298 00:15:32,400 --> 00:15:35,840 Speaker 1: million dollars, most people could probably retire on that because 299 00:15:36,120 --> 00:15:38,200 Speaker 1: you could put that million dollars, you could earn your 300 00:15:38,240 --> 00:15:42,000 Speaker 1: seven eight percent on that pretty consistently seventy dollars a year. 301 00:15:42,080 --> 00:15:44,640 Speaker 1: Most people could live on that. Today, that million dollars 302 00:15:44,680 --> 00:15:48,200 Speaker 1: doesn't get you anything. Now you need ten million dollars 303 00:15:49,240 --> 00:15:52,400 Speaker 1: to have the same quality of life. That you could 304 00:15:52,440 --> 00:15:55,640 Speaker 1: have had on one million dollars. So it makes us 305 00:15:55,680 --> 00:15:58,400 Speaker 1: poor and vulnerable in our seniors. It it steals and 306 00:15:58,480 --> 00:16:03,080 Speaker 1: destroys our future. An unspoken truth, inflation also makes us 307 00:16:03,240 --> 00:16:09,120 Speaker 1: worse people. It degrades us morally. It forces us to 308 00:16:09,240 --> 00:16:13,160 Speaker 1: choose current consumption over thrift. It makes us live in 309 00:16:13,240 --> 00:16:16,640 Speaker 1: the present at the expense of the future, which is 310 00:16:16,680 --> 00:16:20,200 Speaker 1: the exact opposite of what healthy societies do. We should 311 00:16:20,240 --> 00:16:22,400 Speaker 1: be thinking ahead. Think back to the United States in 312 00:16:22,440 --> 00:16:25,560 Speaker 1: its founding, you had people coming to the United States 313 00:16:26,040 --> 00:16:30,760 Speaker 1: sacrificing their future. I'm sorry, sacrificing their current reality and 314 00:16:30,880 --> 00:16:35,240 Speaker 1: I guess their future in exchange to hopefully have a 315 00:16:35,400 --> 00:16:38,400 Speaker 1: better life for their future generations. Even not that long ago. 316 00:16:38,560 --> 00:16:40,880 Speaker 1: You know, immigrants come to the country, work eight hours 317 00:16:40,920 --> 00:16:43,360 Speaker 1: week hopefully that they will have something better. So that's 318 00:16:43,400 --> 00:16:46,680 Speaker 1: a long term thinking. They're making decisions today that would 319 00:16:46,680 --> 00:16:51,040 Speaker 1: be worse today, but long term they hope it will 320 00:16:51,080 --> 00:16:55,120 Speaker 1: be better. My goal, my renewed goal, is I want 321 00:16:55,120 --> 00:16:57,400 Speaker 1: to be as healthy as I can, and I want 322 00:16:57,440 --> 00:16:59,880 Speaker 1: to make sure that I have a sound mind when 323 00:17:00,000 --> 00:17:02,720 Speaker 1: I'm old. That's like my main concern right now. And 324 00:17:02,840 --> 00:17:06,200 Speaker 1: so now I'm rethinking all the things I'm doing today 325 00:17:06,760 --> 00:17:10,040 Speaker 1: because I've set that as my goal. We I'm gonna 326 00:17:10,119 --> 00:17:12,680 Speaker 1: eat differently, I'm gonna put different things in my body, 327 00:17:12,800 --> 00:17:15,920 Speaker 1: on my body, all those things, and so I need 328 00:17:16,000 --> 00:17:19,520 Speaker 1: to have that long term perspective. My relationships, how I 329 00:17:19,640 --> 00:17:23,920 Speaker 1: treat people today will change based on those long term perspectives. 330 00:17:23,920 --> 00:17:26,040 Speaker 1: You hear about, like don't burn bridges. Why not burn 331 00:17:26,080 --> 00:17:29,200 Speaker 1: bridges well, because at some point in the future you 332 00:17:29,359 --> 00:17:32,520 Speaker 1: might need that person again. Right, that's long term thinking. 333 00:17:32,560 --> 00:17:34,960 Speaker 1: If we have short term thinking, we're eating junk, we're 334 00:17:34,960 --> 00:17:36,399 Speaker 1: doing all kinds of things of our body, we're having 335 00:17:36,400 --> 00:17:39,040 Speaker 1: horrible relationships, we're not saving, we're not building, we're not 336 00:17:39,119 --> 00:17:43,399 Speaker 1: doing anything. And that's why it's bad. Right. It's the 337 00:17:43,640 --> 00:17:46,520 Speaker 1: very human impulse of saving for a rainy day and 338 00:17:46,680 --> 00:17:51,040 Speaker 1: maybe hopefully leaving something for your children is ruined because 339 00:17:51,080 --> 00:17:53,560 Speaker 1: of inflation. Now you're listening to the Markmas Show, we're 340 00:17:53,560 --> 00:17:56,160 Speaker 1: talking a little bit of education so you can better 341 00:17:56,320 --> 00:17:59,359 Speaker 1: understand what is going on in the world today because 342 00:17:59,400 --> 00:18:01,920 Speaker 1: you hear all these things about this Inflation Reduction Act 343 00:18:02,160 --> 00:18:03,880 Speaker 1: that the Biden administration just passed through, and you don't 344 00:18:03,880 --> 00:18:06,680 Speaker 1: really understand. And so I'm breaking all this down for you. 345 00:18:06,960 --> 00:18:08,479 Speaker 1: I got a lot more to cover when I go through, 346 00:18:08,520 --> 00:18:10,360 Speaker 1: and I want to give you the playbook of how 347 00:18:10,520 --> 00:18:13,040 Speaker 1: we're going to survive, what we're gonna do through this. 348 00:18:13,359 --> 00:18:14,880 Speaker 1: Don't go away, I got a lot to cover. I'll 349 00:18:14,880 --> 00:18:17,040 Speaker 1: be right back, all right, Welcome back. You are listening 350 00:18:17,080 --> 00:18:20,520 Speaker 1: to the Markma Show. We talked about the decentralized revolution, 351 00:18:20,560 --> 00:18:23,360 Speaker 1: the way the world is changing right before our very eyes, 352 00:18:23,359 --> 00:18:26,640 Speaker 1: through the lens of politics, finance, and technology. Of course, 353 00:18:26,680 --> 00:18:30,720 Speaker 1: the technology is bitcoin cryptocurrencies. But today we're talking right now, 354 00:18:30,840 --> 00:18:34,280 Speaker 1: specifically about the financial system. And I'm taking something that 355 00:18:34,320 --> 00:18:37,800 Speaker 1: you hear about all the time, inflation, and I'm breaking 356 00:18:37,840 --> 00:18:40,480 Speaker 1: it down so you can understand it a little bit better. Um, 357 00:18:40,920 --> 00:18:42,159 Speaker 1: and then we're gonna I want to give you a 358 00:18:42,200 --> 00:18:43,840 Speaker 1: couple of examples and what we're gonna do about here. 359 00:18:43,960 --> 00:18:45,800 Speaker 1: So we're talking about what inflation is, and I was 360 00:18:45,840 --> 00:18:50,159 Speaker 1: just talking about how it's a deliberate policy. Right. The 361 00:18:50,240 --> 00:18:52,680 Speaker 1: goal is two percent, they have to nine percent. What 362 00:18:52,800 --> 00:18:54,719 Speaker 1: does that mean, Well, the goal is that they want 363 00:18:54,800 --> 00:18:56,959 Speaker 1: to kill you slowly instead of kill you a lot. 364 00:18:57,080 --> 00:19:00,200 Speaker 1: Now to put this into two actual numbers, inflation is 365 00:19:00,280 --> 00:19:03,920 Speaker 1: now back down to eight point. Okay, in the United States, 366 00:19:04,040 --> 00:19:06,399 Speaker 1: that's the cost of goods and services going up by eight. 367 00:19:08,080 --> 00:19:11,240 Speaker 1: What does that mean to you the average person? That 368 00:19:11,320 --> 00:19:13,159 Speaker 1: means for the average person, so we have like the 369 00:19:13,280 --> 00:19:17,159 Speaker 1: median income, the median expenses. For the average person, it 370 00:19:17,400 --> 00:19:22,760 Speaker 1: increases their monthly expenses. What does that mean. Well, that 371 00:19:22,880 --> 00:19:28,560 Speaker 1: means that this month, it costs you three more per 372 00:19:28,760 --> 00:19:32,080 Speaker 1: month to have the exact same quality of life that 373 00:19:32,160 --> 00:19:34,760 Speaker 1: you had the month before. So what does that mean, Well, 374 00:19:34,800 --> 00:19:37,200 Speaker 1: that means if you make thirty two dollars an hour, 375 00:19:38,760 --> 00:19:40,280 Speaker 1: thirty two bucks an hour, which I think is a 376 00:19:40,320 --> 00:19:42,600 Speaker 1: pretty decent wage in across the United States right now, 377 00:19:42,880 --> 00:19:44,960 Speaker 1: if you make thirty two bucks an hour, then you 378 00:19:45,119 --> 00:19:49,440 Speaker 1: have to work ten extra hours this month to have 379 00:19:49,560 --> 00:19:51,480 Speaker 1: the exact same quality of life that you had the 380 00:19:51,480 --> 00:19:55,280 Speaker 1: month before. Now, that's ten hours of your life that 381 00:19:55,359 --> 00:19:58,880 Speaker 1: could be spent with your wife building a better relationship. 382 00:19:58,920 --> 00:20:00,600 Speaker 1: That could be ten hours a it's been with my 383 00:20:00,720 --> 00:20:03,560 Speaker 1: kids teaching them good life lessons. That could be ten 384 00:20:03,600 --> 00:20:06,200 Speaker 1: hours I put into my health, my personal change, ten 385 00:20:06,240 --> 00:20:08,760 Speaker 1: hours I put into my education. Ten hours I could 386 00:20:08,800 --> 00:20:12,000 Speaker 1: spend building a side business or a new business. That's 387 00:20:12,040 --> 00:20:13,879 Speaker 1: ten hours I could do whatever want. That's my life, 388 00:20:15,680 --> 00:20:17,560 Speaker 1: and now I have to take those ten hours and 389 00:20:17,600 --> 00:20:19,400 Speaker 1: take them away from my kids, or take them away 390 00:20:19,400 --> 00:20:22,920 Speaker 1: from my personal health so I can work more, so 391 00:20:23,040 --> 00:20:25,399 Speaker 1: I can have the exact same quality of life I 392 00:20:25,440 --> 00:20:28,159 Speaker 1: had the month before. Now that's a that's an eight 393 00:20:28,200 --> 00:20:30,439 Speaker 1: and a half percent. Now the goal is two percent. 394 00:20:30,600 --> 00:20:33,440 Speaker 1: So instead of stealing ten hours a month, they only 395 00:20:33,480 --> 00:20:36,720 Speaker 1: want to steal two or three. Of course, that adds 396 00:20:36,800 --> 00:20:39,959 Speaker 1: up over time, as I said before, So you can 397 00:20:40,040 --> 00:20:42,800 Speaker 1: kind of see where this goes. Now. As this happens, 398 00:20:43,400 --> 00:20:45,800 Speaker 1: as inflation happens, as you continue to still the wealth 399 00:20:45,840 --> 00:20:48,560 Speaker 1: from people, everything starts to break down. It gets harder 400 00:20:48,560 --> 00:20:51,000 Speaker 1: and harder to live. A perfect example, I got coffee 401 00:20:51,080 --> 00:20:53,560 Speaker 1: right here in front of me. A cup of coffee 402 00:20:53,600 --> 00:20:56,840 Speaker 1: was fifteen cents today a couple of coffee. Depend on 403 00:20:56,840 --> 00:20:59,679 Speaker 1: where you go, it could be four dollars, five dollars. 404 00:21:00,040 --> 00:21:02,000 Speaker 1: Don't you think with all the technology we had in 405 00:21:02,040 --> 00:21:04,680 Speaker 1: the world, with our supply chains and our transportation and 406 00:21:04,680 --> 00:21:08,720 Speaker 1: all those things agriculture, shouldn't it be cheaper to get 407 00:21:08,760 --> 00:21:11,920 Speaker 1: a coffee bean from Colombia to my cup of coffee today? 408 00:21:12,320 --> 00:21:14,359 Speaker 1: And the answer is, of course, a couple of coffee 409 00:21:14,359 --> 00:21:16,760 Speaker 1: should have gone from fifteen cents to two or three cents. 410 00:21:18,800 --> 00:21:21,760 Speaker 1: My living should be got should have gotten easier. I 411 00:21:21,800 --> 00:21:24,520 Speaker 1: should be working less hours today to have the same 412 00:21:24,600 --> 00:21:28,359 Speaker 1: quality of life, not more. I should have more goods 413 00:21:28,400 --> 00:21:31,440 Speaker 1: and services. I should have more time for myself and 414 00:21:31,480 --> 00:21:34,159 Speaker 1: my friends and my family and have the same quality 415 00:21:34,240 --> 00:21:36,119 Speaker 1: and even a better quality vie. Because everything should be 416 00:21:36,119 --> 00:21:40,560 Speaker 1: getting cheaper, but because of inflation, we don't. Because of inflation, 417 00:21:40,600 --> 00:21:42,480 Speaker 1: it's like running on a treadmill and you're going nowhere. 418 00:21:42,680 --> 00:21:45,919 Speaker 1: And that's the policy. That is their goal too. They 419 00:21:46,080 --> 00:21:50,840 Speaker 1: want to have that. What happens after that is war. Now, 420 00:21:50,960 --> 00:21:54,800 Speaker 1: war always happens in actually inflation. The ability to print 421 00:21:54,840 --> 00:21:57,639 Speaker 1: this money and causes inflation is actually what leads to 422 00:21:57,720 --> 00:22:00,240 Speaker 1: war and ultimately makes wars bigger and last long longer. 423 00:22:01,840 --> 00:22:05,800 Speaker 1: So um. The central bank, the first central bank, the 424 00:22:05,840 --> 00:22:10,399 Speaker 1: Bank of England in late was actually started because England 425 00:22:10,480 --> 00:22:12,120 Speaker 1: was in the war with France and they needed more money. 426 00:22:12,680 --> 00:22:14,520 Speaker 1: But let's go back to a more recent time. Let's 427 00:22:14,520 --> 00:22:18,400 Speaker 1: go to like Hitler's Germany World War two. Now, inflation, 428 00:22:18,520 --> 00:22:21,360 Speaker 1: like I said, in war are linked. It's like it's 429 00:22:21,400 --> 00:22:24,040 Speaker 1: the finance that leads nations to that and its sets 430 00:22:24,119 --> 00:22:30,240 Speaker 1: the stage. So before Hitler took power, the German reichs 431 00:22:30,359 --> 00:22:35,560 Speaker 1: Bank suspended it's one third gold reserve requirement in nine fourteen, 432 00:22:35,720 --> 00:22:38,600 Speaker 1: so the bank had to keep of all the money 433 00:22:38,640 --> 00:22:40,240 Speaker 1: they had, they had to keep a third of that 434 00:22:40,480 --> 00:22:43,480 Speaker 1: value in gold, and so that that that put a limit, 435 00:22:43,600 --> 00:22:46,800 Speaker 1: a cap on how much money they could artificially create, 436 00:22:46,960 --> 00:22:51,280 Speaker 1: how much inflation they could create, because they had that 437 00:22:51,320 --> 00:22:53,639 Speaker 1: one third goal requirement that that anchor. But when they 438 00:22:53,720 --> 00:22:57,640 Speaker 1: suspended that, then Germany was able to inflate a lot, 439 00:22:58,240 --> 00:23:00,240 Speaker 1: and they started it started getting very diffic gold for 440 00:23:00,280 --> 00:23:02,080 Speaker 1: people to live. As a matter of fact, it got 441 00:23:02,280 --> 00:23:06,359 Speaker 1: so difficult for people to live that a lot of 442 00:23:06,400 --> 00:23:09,200 Speaker 1: people didn't live. And because of that, people wanted something 443 00:23:09,400 --> 00:23:11,560 Speaker 1: so bad someone to come in and fix this so 444 00:23:11,760 --> 00:23:14,159 Speaker 1: bad that Hitler was able to rise up and say, hey, 445 00:23:14,240 --> 00:23:16,480 Speaker 1: I got you. I'm the pie piper. I'll lead you 446 00:23:16,520 --> 00:23:20,399 Speaker 1: to the Promised Land. If it wasn't for the suspension 447 00:23:20,560 --> 00:23:23,719 Speaker 1: of that golden requirement, if it wasn't for that massive 448 00:23:23,760 --> 00:23:27,240 Speaker 1: inflation that that the central banks went and did, maybe 449 00:23:27,760 --> 00:23:31,320 Speaker 1: maybe Germany and Hitler never would have been anything. Maybe 450 00:23:31,760 --> 00:23:33,639 Speaker 1: it would never been a military power. Maybe Hitler never 451 00:23:33,680 --> 00:23:35,879 Speaker 1: would have risen up because there would have never been 452 00:23:35,960 --> 00:23:38,440 Speaker 1: that in that environment that led to him doing that. 453 00:23:38,640 --> 00:23:41,120 Speaker 1: There's a great book called Win Money Dies that really 454 00:23:41,320 --> 00:23:44,440 Speaker 1: walks through this UM. Great book I recommended. It really 455 00:23:44,520 --> 00:23:47,879 Speaker 1: documents UM people that were living through this and you 456 00:23:47,920 --> 00:23:51,840 Speaker 1: can understand exactly what was going on. But what what 457 00:23:51,920 --> 00:23:53,800 Speaker 1: are the lessons for today? Like, how do we apply 458 00:23:54,520 --> 00:23:57,280 Speaker 1: these lessons for today? Well, the first thing is we 459 00:23:57,400 --> 00:24:01,680 Speaker 1: have to we have to understand UM that inflationism, the 460 00:24:01,760 --> 00:24:07,120 Speaker 1: central banks wanting to increase the money supply UM affects 461 00:24:07,200 --> 00:24:12,920 Speaker 1: us as people, Okay, as they shift us from producers 462 00:24:13,000 --> 00:24:18,040 Speaker 1: to consumers, as they increase the price of living, the 463 00:24:18,160 --> 00:24:21,520 Speaker 1: cost of goods, they're stealing our life. It's we have 464 00:24:21,600 --> 00:24:25,000 Speaker 1: to understand for what it is. It's criminal theft from 465 00:24:25,160 --> 00:24:29,640 Speaker 1: future generations and from savers. I've saved a hundred thousand dollars, 466 00:24:30,080 --> 00:24:33,240 Speaker 1: but now it only buys me fifty good. They stole 467 00:24:33,920 --> 00:24:36,840 Speaker 1: my value of my savings and they stole the value 468 00:24:36,880 --> 00:24:40,040 Speaker 1: of my money for my future generations, my kids. All Right, 469 00:24:40,080 --> 00:24:41,280 Speaker 1: So we have to understand it for what we have 470 00:24:41,359 --> 00:24:45,000 Speaker 1: to call him out. We have to understand that no 471 00:24:45,280 --> 00:24:50,359 Speaker 1: amount of monetary or fiscal engineering. There's no jiggering of 472 00:24:50,480 --> 00:24:52,840 Speaker 1: the economy the central banks, or the or the or 473 00:24:52,880 --> 00:24:55,920 Speaker 1: the treasury can do that can take the place of 474 00:24:56,200 --> 00:24:59,760 Speaker 1: capital accumulation and higher productivity. You have to know that 475 00:25:00,080 --> 00:25:03,440 Speaker 1: we don't want money, and you're like, what do you mean, Mark, 476 00:25:03,480 --> 00:25:05,280 Speaker 1: of course I want money. I want lots of money. No, 477 00:25:05,440 --> 00:25:08,920 Speaker 1: you don't. What you want is you want the things 478 00:25:09,000 --> 00:25:12,159 Speaker 1: that that money will buy you. Right. I want to 479 00:25:12,320 --> 00:25:14,520 Speaker 1: take my wife out to dinner. I want to take 480 00:25:14,560 --> 00:25:17,560 Speaker 1: my kids on a vacation. I want a steak tonight 481 00:25:17,640 --> 00:25:19,840 Speaker 1: for dinner. I want a new car. You don't want 482 00:25:19,880 --> 00:25:22,600 Speaker 1: the money. What you want is the things money buys you. 483 00:25:23,600 --> 00:25:26,960 Speaker 1: Because wealth is not money. Wealth is the goods and services. 484 00:25:27,040 --> 00:25:30,760 Speaker 1: We need a productive society to get those goods and services. 485 00:25:30,840 --> 00:25:34,720 Speaker 1: So there's no amount of monetary expansion or financial jiggering 486 00:25:34,800 --> 00:25:37,280 Speaker 1: that can create more wealth. What creates more wealth is 487 00:25:37,320 --> 00:25:40,720 Speaker 1: when we save the money and use it to be 488 00:25:41,000 --> 00:25:46,000 Speaker 1: more productive, to make more goods and services more efficiently 489 00:25:46,200 --> 00:25:49,239 Speaker 1: at lower prices, so the quality of life goes up 490 00:25:49,320 --> 00:25:53,520 Speaker 1: and not down. We need more money, uh, more money 491 00:25:53,560 --> 00:25:58,560 Speaker 1: and credit is no substitute for better and cheaper goods 492 00:25:58,600 --> 00:26:00,720 Speaker 1: and services. If my goods is ever to get cheaper 493 00:26:00,720 --> 00:26:03,320 Speaker 1: and cheaper and cheaper. That makes my life easier and 494 00:26:03,400 --> 00:26:06,159 Speaker 1: easier and easier. That's what I want. I want to 495 00:26:06,920 --> 00:26:10,760 Speaker 1: my my my level of living. I wanted to go up, 496 00:26:11,840 --> 00:26:14,240 Speaker 1: but that's what the central bankers want. The central bankers 497 00:26:14,280 --> 00:26:17,880 Speaker 1: want it to go down. And this is their policy 498 00:26:18,200 --> 00:26:23,040 Speaker 1: they want. In the Nited States, phero reserved targets two. Okay, 499 00:26:23,960 --> 00:26:28,159 Speaker 1: it's deliberate, it's intentional. Now their goal is they got 500 00:26:28,200 --> 00:26:31,920 Speaker 1: to nine um but um and and like I said, 501 00:26:31,920 --> 00:26:35,600 Speaker 1: this has massive sidal impacts. Now, since nineteen seventy one 502 00:26:35,680 --> 00:26:38,680 Speaker 1: when they got off the gold standard, we've seen this 503 00:26:39,000 --> 00:26:44,640 Speaker 1: explode through society. So since ninety one, the obesity rate 504 00:26:44,840 --> 00:26:48,320 Speaker 1: has gone through the roof because they have they had 505 00:26:48,359 --> 00:26:50,520 Speaker 1: to figure out how to make food cheaper to offset 506 00:26:50,560 --> 00:26:54,720 Speaker 1: that inflation. And so now our food quality has gone down. Um, 507 00:26:55,040 --> 00:26:57,720 Speaker 1: we have, we've had. America has become a nation of 508 00:26:57,880 --> 00:27:00,480 Speaker 1: dual working couples. One person in the family is to 509 00:27:00,480 --> 00:27:02,560 Speaker 1: be able to work. Now two people have to work, 510 00:27:02,640 --> 00:27:06,679 Speaker 1: and you still can't have the American dream. The divorce 511 00:27:06,840 --> 00:27:09,320 Speaker 1: rate has skyrocketed. Why the number one cause of divorce 512 00:27:09,480 --> 00:27:12,280 Speaker 1: is arguing over money and so you can see how 513 00:27:12,359 --> 00:27:14,800 Speaker 1: it tears the very fabric of society. Now you're listening 514 00:27:14,800 --> 00:27:17,520 Speaker 1: to the Markmas Show. We're talking about the decentralized Revolution. Today, 515 00:27:17,560 --> 00:27:19,720 Speaker 1: we're talking about how the financial system is breaking down. 516 00:27:19,760 --> 00:27:21,879 Speaker 1: And I was given to you at a first principle's level, 517 00:27:21,920 --> 00:27:24,280 Speaker 1: so every time you hear this policy from the central 518 00:27:24,320 --> 00:27:27,040 Speaker 1: bankers and the government about inflation, you can understand what's 519 00:27:27,080 --> 00:27:29,840 Speaker 1: going on. I want to talk about the playbook of 520 00:27:30,040 --> 00:27:33,640 Speaker 1: what I expect is gonna come next and what I'm 521 00:27:33,760 --> 00:27:36,560 Speaker 1: doing about it, what I'm gonna do about it, what 522 00:27:36,640 --> 00:27:37,919 Speaker 1: you should do about it if you want to keep 523 00:27:37,960 --> 00:27:40,399 Speaker 1: your head above water and not fall behind. Is the 524 00:27:40,440 --> 00:27:42,600 Speaker 1: government contents you steal your money through inflation. So I 525 00:27:42,640 --> 00:27:44,360 Speaker 1: got a whole lot more to cover when I come back. 526 00:27:44,680 --> 00:27:46,800 Speaker 1: You don't want to miss this part. I'll be right back. 527 00:27:46,880 --> 00:27:49,240 Speaker 1: Don't go away, all right, Welcome back. You are listening 528 00:27:49,280 --> 00:27:51,840 Speaker 1: to the markma Show. We're talking about the decentralized Revolution, 529 00:27:52,200 --> 00:27:54,200 Speaker 1: talking about the way the world is changing and looking 530 00:27:54,240 --> 00:27:57,440 Speaker 1: at through the lens of politics, finance, and technology. Today 531 00:27:57,440 --> 00:28:00,920 Speaker 1: we're talking about the finance piece specifically, but I guess 532 00:28:00,960 --> 00:28:04,399 Speaker 1: it's political as well. It's a politically Uh, motivated to 533 00:28:04,560 --> 00:28:06,960 Speaker 1: increase the money supply, and then you increase the money supply, 534 00:28:07,240 --> 00:28:10,600 Speaker 1: it affects the financial markets and then um that creates 535 00:28:10,640 --> 00:28:12,720 Speaker 1: a massive problem, and then technology comes along to solve 536 00:28:12,760 --> 00:28:14,920 Speaker 1: the problem. So they're all connected. But today we're talking 537 00:28:14,960 --> 00:28:17,800 Speaker 1: about the finance side specifically, and we're talking about inflation, 538 00:28:18,480 --> 00:28:22,399 Speaker 1: a word you hear all the time, but it's really misunderstood. 539 00:28:23,440 --> 00:28:25,119 Speaker 1: So hopefully you understand that a little bit better. Now. 540 00:28:25,160 --> 00:28:26,800 Speaker 1: If you missed out on that, I'm not going to 541 00:28:26,880 --> 00:28:29,320 Speaker 1: recap it, but don't worry. You can catch it on 542 00:28:29,480 --> 00:28:31,920 Speaker 1: the podcast. Just search Market Moss podcast on any of 543 00:28:32,000 --> 00:28:34,639 Speaker 1: your favorite players, or I also put them on YouTube. 544 00:28:34,640 --> 00:28:37,639 Speaker 1: You can find them on YouTube. Um just search Market 545 00:28:37,720 --> 00:28:39,760 Speaker 1: Disruptors on YouTube and you'll find all these and you 546 00:28:39,800 --> 00:28:41,640 Speaker 1: can watch me on video at the same time as 547 00:28:41,680 --> 00:28:44,440 Speaker 1: I'm talking. Now, UM, look, now that we've kind of 548 00:28:44,480 --> 00:28:47,040 Speaker 1: set up inflation and what causes it, let's talk about 549 00:28:47,080 --> 00:28:49,920 Speaker 1: where this could go, where I think it's most likely 550 00:28:50,000 --> 00:28:52,960 Speaker 1: to go, and what I'm doing to survive this. So 551 00:28:54,120 --> 00:28:56,360 Speaker 1: the first thing you have to understand, as we've made 552 00:28:56,360 --> 00:28:59,880 Speaker 1: the case, is that inflation is deliberate the government, that 553 00:29:00,360 --> 00:29:02,680 Speaker 1: the central banks want inflation they want to increase the 554 00:29:02,720 --> 00:29:06,520 Speaker 1: money supply UM, but also it there's no other way. 555 00:29:07,280 --> 00:29:10,640 Speaker 1: So there's no other option at this point. At some point, 556 00:29:10,880 --> 00:29:13,360 Speaker 1: you know, fifty years ago, maybe even twenty years ago, 557 00:29:13,400 --> 00:29:15,320 Speaker 1: they could have reversed course. But we're at the point 558 00:29:15,360 --> 00:29:18,560 Speaker 1: of no return anymore. There's no leader that will ever 559 00:29:18,720 --> 00:29:21,640 Speaker 1: become elected by saying, hey, we need to cut a 560 00:29:21,680 --> 00:29:25,120 Speaker 1: bunch of spending programs and get back into living within 561 00:29:25,200 --> 00:29:27,600 Speaker 1: our means. No one will ever win that race, and 562 00:29:27,720 --> 00:29:29,480 Speaker 1: so it's never gonna happen. We're gonna have to continue 563 00:29:29,520 --> 00:29:31,280 Speaker 1: to print more money. But it's also worse than that 564 00:29:31,400 --> 00:29:35,120 Speaker 1: because right now, because of this, the prices inflation going up, 565 00:29:35,160 --> 00:29:37,800 Speaker 1: and UH inflation going up, UM, and the Federal Reserve 566 00:29:37,840 --> 00:29:40,360 Speaker 1: and the and the Biden administration, everybody, and not just 567 00:29:40,640 --> 00:29:43,320 Speaker 1: in the United States, even in Europe, the ECB UM, 568 00:29:43,400 --> 00:29:45,680 Speaker 1: they're all worried, China, they're all worried about inflation. We 569 00:29:45,720 --> 00:29:48,120 Speaker 1: have to get prices under control. Well, there's two ways 570 00:29:48,160 --> 00:29:50,600 Speaker 1: to get prices under control. To lower prices, One you 571 00:29:50,640 --> 00:29:53,000 Speaker 1: could add supply, or two you could lower demand. And 572 00:29:53,000 --> 00:29:55,280 Speaker 1: the central banks can't add supply. Of course, as I 573 00:29:55,360 --> 00:29:58,760 Speaker 1: said earlier, we don't need more money. We need more productive, 574 00:29:58,840 --> 00:30:00,680 Speaker 1: we need more goods and services. So they can't they 575 00:30:00,720 --> 00:30:02,480 Speaker 1: can't add more good services. What they can do is 576 00:30:02,520 --> 00:30:05,239 Speaker 1: they can crush the demand. And that's exactly what they're doing. 577 00:30:05,280 --> 00:30:08,320 Speaker 1: They've said so many many times, UM, just search fed 578 00:30:08,920 --> 00:30:10,880 Speaker 1: destroying demand and you'll find a bunch of articles on that. 579 00:30:11,320 --> 00:30:13,240 Speaker 1: And so they do that by making you feel poor. 580 00:30:13,480 --> 00:30:15,240 Speaker 1: If you feel poor, then you don't buy as many things. 581 00:30:15,320 --> 00:30:18,000 Speaker 1: The problem with making you feel poor because your stock, 582 00:30:18,160 --> 00:30:20,840 Speaker 1: your retirement accounts went down, your house went down, is 583 00:30:20,880 --> 00:30:22,800 Speaker 1: that you don't buy as many things. And when you 584 00:30:22,800 --> 00:30:25,760 Speaker 1: don't buy as many things, then there's not as much 585 00:30:25,880 --> 00:30:30,600 Speaker 1: tax receipts. So right now, the government spends more money 586 00:30:30,640 --> 00:30:35,160 Speaker 1: than they bring in. But as they bring in less money, 587 00:30:35,480 --> 00:30:38,960 Speaker 1: they're going to have to spend more money. So they're 588 00:30:39,000 --> 00:30:41,560 Speaker 1: gonna be spending more money. To help you offset your 589 00:30:41,880 --> 00:30:45,160 Speaker 1: rising gas prices, help you offset your solar panels on 590 00:30:45,200 --> 00:30:47,440 Speaker 1: your house, How help you offset all these different things? 591 00:30:48,960 --> 00:30:51,800 Speaker 1: And as prices, as as your cost of living goes 592 00:30:51,960 --> 00:30:54,440 Speaker 1: up and your income and your assets go down, they're 593 00:30:54,440 --> 00:30:57,280 Speaker 1: gonna have to offset that even more. Right now, UH 594 00:30:57,600 --> 00:31:01,640 Speaker 1: a hundred percent of tax receipts government brings in go 595 00:31:01,840 --> 00:31:05,640 Speaker 1: to cover just the very most basic expenses. The government 596 00:31:05,720 --> 00:31:10,040 Speaker 1: has entitlements and treasury spending. The rest they have to borrow, 597 00:31:10,160 --> 00:31:13,720 Speaker 1: So the government already has to borrow or print more 598 00:31:13,840 --> 00:31:17,480 Speaker 1: money every year. Just down on and float. Now, the 599 00:31:17,600 --> 00:31:21,600 Speaker 1: problem is is that as they crush demand, seventy percent 600 00:31:21,800 --> 00:31:24,000 Speaker 1: of the gross domestic PROBA of the United States comes 601 00:31:24,120 --> 00:31:28,640 Speaker 1: from consumer spending. But if they bring asset prices down, 602 00:31:29,120 --> 00:31:31,520 Speaker 1: you don't have any money, so then you don't spend, 603 00:31:31,640 --> 00:31:35,440 Speaker 1: so then GDP goes down. The other problem is that 604 00:31:36,320 --> 00:31:40,880 Speaker 1: this is a big problem, is that the top ten 605 00:31:41,000 --> 00:31:44,320 Speaker 1: pent of earners, the top ten percent earners in the 606 00:31:44,400 --> 00:31:49,880 Speaker 1: United States, pay seventy percent of the taxes. How's that 607 00:31:49,960 --> 00:31:53,520 Speaker 1: for paying your fair share? Biden and AOC They say 608 00:31:53,560 --> 00:31:55,520 Speaker 1: the rich don't pay their fair share. Well, the top 609 00:31:55,640 --> 00:32:00,640 Speaker 1: ten percent of earners pay seventy six nine four to 610 00:32:00,720 --> 00:32:04,040 Speaker 1: be exact, of the taxes come from the top ten percent. 611 00:32:04,160 --> 00:32:07,280 Speaker 1: Now why does that matter, Well, because the top ten percent, 612 00:32:07,600 --> 00:32:11,840 Speaker 1: they don't make their money from a W two getting taxed. 613 00:32:12,160 --> 00:32:15,800 Speaker 1: They make most of that money through capital gains, um, 614 00:32:16,200 --> 00:32:20,480 Speaker 1: you know, stock options, things like that. So if the 615 00:32:20,640 --> 00:32:25,320 Speaker 1: asset prices come down, they are not getting that money, 616 00:32:26,440 --> 00:32:29,240 Speaker 1: and then they're not paying the taxes. Well, that's a problem. 617 00:32:29,920 --> 00:32:33,800 Speaker 1: A seventy of the tax receipts come from them, So 618 00:32:33,880 --> 00:32:36,040 Speaker 1: if the tax seats go down, then the government has 619 00:32:36,120 --> 00:32:40,680 Speaker 1: to print even more. And on top of that, um, 620 00:32:40,760 --> 00:32:42,480 Speaker 1: where do they get the money will? They have two options. 621 00:32:42,560 --> 00:32:44,719 Speaker 1: One they could borrow it from other nations, and they 622 00:32:44,880 --> 00:32:47,000 Speaker 1: used to. As a matter of fact, from two thousand 623 00:32:47,040 --> 00:32:51,480 Speaker 1: two to two thou fourteen, fifty of federal debt was 624 00:32:51,560 --> 00:32:55,360 Speaker 1: purchased by other nations. But since two thou fourteen only five. 625 00:32:56,200 --> 00:32:58,640 Speaker 1: No one wants to buy us debt anymore, so they 626 00:32:58,680 --> 00:33:01,200 Speaker 1: have to print even more. So you see very quickly 627 00:33:01,240 --> 00:33:04,320 Speaker 1: where this is going more inflation, higher inflation. Now we 628 00:33:04,440 --> 00:33:07,880 Speaker 1: have plenty of examples of how this works out. Zimbabwe 629 00:33:07,960 --> 00:33:10,120 Speaker 1: is of a good example because it happened very recently 630 00:33:10,160 --> 00:33:13,200 Speaker 1: in the two thousands, and we understand it's very volatile, 631 00:33:13,280 --> 00:33:15,760 Speaker 1: but we understand that while we could see things come 632 00:33:15,800 --> 00:33:19,200 Speaker 1: down in the short term, the governments of the world 633 00:33:19,320 --> 00:33:22,600 Speaker 1: have no choice but to continue to inflate. They have 634 00:33:22,680 --> 00:33:25,520 Speaker 1: no choice. So, um, what they're going to do is 635 00:33:25,560 --> 00:33:27,440 Speaker 1: they're going to try to offset that. So they're going 636 00:33:27,480 --> 00:33:30,240 Speaker 1: to have to continue to inflate the currency, increase the 637 00:33:30,280 --> 00:33:32,720 Speaker 1: amount of currency, which is going to push prices higher. 638 00:33:33,280 --> 00:33:34,640 Speaker 1: What they're going to try to do, they're already doing. 639 00:33:34,640 --> 00:33:36,520 Speaker 1: They already talked about. Elizabeth Warren the United States has 640 00:33:36,560 --> 00:33:38,120 Speaker 1: been talking about, Biden has been talking about it. In 641 00:33:38,160 --> 00:33:41,680 Speaker 1: Europe they're talking about is price fixing? Well, shoot, prices 642 00:33:41,680 --> 00:33:43,280 Speaker 1: are going up so fast, but we have to keep 643 00:33:43,320 --> 00:33:44,960 Speaker 1: printing money, which pushes the price to be more. So 644 00:33:45,040 --> 00:33:48,400 Speaker 1: here's what we'll do. We'll cap the prices of those goods. 645 00:33:49,680 --> 00:33:52,400 Speaker 1: The problem is businesses are in business to make money, 646 00:33:52,680 --> 00:33:54,440 Speaker 1: and so if they cap the price of goods to 647 00:33:54,480 --> 00:33:57,200 Speaker 1: where the business can't make money anymore, then the business 648 00:33:57,680 --> 00:34:01,520 Speaker 1: shuts down, which so price fixing always leads to shortages, 649 00:34:01,920 --> 00:34:07,280 Speaker 1: and shortages lead to more prices going higher. That's where 650 00:34:07,280 --> 00:34:13,279 Speaker 1: we're going Zimbabwe. From the markets dropped fifty percent, we 651 00:34:13,320 --> 00:34:16,120 Speaker 1: could see another fifty percent drop in the SMP. We 652 00:34:16,200 --> 00:34:19,839 Speaker 1: could um and and actually there's probably a pretty good 653 00:34:19,920 --> 00:34:24,200 Speaker 1: chance we will. So for two years it grinded lower, 654 00:34:24,320 --> 00:34:27,640 Speaker 1: then it's shot up eighty seven per cent. I'm sorry, 655 00:34:27,680 --> 00:34:32,719 Speaker 1: not eighty seven times, eight seven times. Because the governments 656 00:34:32,719 --> 00:34:35,719 Speaker 1: were forced to capitulate and print that money, and that's 657 00:34:36,000 --> 00:34:39,520 Speaker 1: what I expect to happen here. I think you know, 658 00:34:39,680 --> 00:34:41,919 Speaker 1: over the next three to twelve months, we could see 659 00:34:41,920 --> 00:34:44,560 Speaker 1: the markets, the real estate markets, the stock markets continued 660 00:34:44,600 --> 00:34:47,439 Speaker 1: to grind lower. But then they're going to shoot higher. 661 00:34:47,520 --> 00:34:49,839 Speaker 1: Now the problem is when they shoot higher, what are 662 00:34:49,840 --> 00:34:52,080 Speaker 1: you gonna do. If I had a time machine, I 663 00:34:52,120 --> 00:34:54,120 Speaker 1: can go back in time, and I went to Turkey 664 00:34:54,640 --> 00:34:57,439 Speaker 1: five years ago. Um in the last five years Turk, 665 00:34:57,520 --> 00:35:01,359 Speaker 1: the Turkish lera has lost eighty two sent to the U. S. Dollar. 666 00:35:01,800 --> 00:35:03,200 Speaker 1: So if I was in Turkey five years ago, I 667 00:35:03,200 --> 00:35:05,759 Speaker 1: would have wanted to sell all my Turkish lira and 668 00:35:05,960 --> 00:35:08,239 Speaker 1: buy dollars and I would have done really well. Or 669 00:35:08,320 --> 00:35:10,759 Speaker 1: I could have borrowed a bunch of Turkish liraor to 670 00:35:10,800 --> 00:35:12,759 Speaker 1: buy real estate and I would have done even better 671 00:35:12,800 --> 00:35:16,800 Speaker 1: with that leverage. Because just just because your house is 672 00:35:16,800 --> 00:35:19,640 Speaker 1: going up in value doesn't mean you're making money. You 673 00:35:19,719 --> 00:35:21,759 Speaker 1: could just barely be keeping your head above water. If 674 00:35:21,760 --> 00:35:23,520 Speaker 1: you bought a hundred thousand dollar home and now it's 675 00:35:23,560 --> 00:35:25,920 Speaker 1: a million dollar home, and you sell that million dollar home, 676 00:35:25,960 --> 00:35:28,080 Speaker 1: where you can just go buy another million dollar home 677 00:35:28,160 --> 00:35:30,719 Speaker 1: the exact same way. You didn't actually get ahead all 678 00:35:30,800 --> 00:35:33,879 Speaker 1: you did was keep up. So you have to figure 679 00:35:33,920 --> 00:35:36,120 Speaker 1: out not only how can you keep your head above 680 00:35:36,160 --> 00:35:40,000 Speaker 1: water as this inflation continues to rage on, but how 681 00:35:40,280 --> 00:35:44,960 Speaker 1: can you stay ahead of this? Now? Um? I have 682 00:35:45,960 --> 00:35:49,600 Speaker 1: I have a playbook that I'm following, and I'm actually 683 00:35:49,640 --> 00:35:51,960 Speaker 1: gonna have a live event, um and we're gonna I'm 684 00:35:51,960 --> 00:35:53,640 Speaker 1: gonna cover this. I got a whole bunch of charts 685 00:35:53,680 --> 00:35:55,839 Speaker 1: that I'm gonna do live Q and A. If you'd 686 00:35:55,840 --> 00:35:57,520 Speaker 1: like to join that, you can just check out go 687 00:35:57,960 --> 00:36:00,879 Speaker 1: dot one, Mark Moss dot com, Dot one Mark Moss 688 00:36:00,920 --> 00:36:03,839 Speaker 1: dot com slash plan. If you want to find out 689 00:36:03,880 --> 00:36:06,160 Speaker 1: what my plan, go dot one Mark Moss dot com 690 00:36:06,239 --> 00:36:08,680 Speaker 1: slash plan and come hang out with me live on 691 00:36:09,040 --> 00:36:11,440 Speaker 1: video see all the slides I have and hear what 692 00:36:11,560 --> 00:36:13,319 Speaker 1: the plan is. But we need to have a plan 693 00:36:13,440 --> 00:36:15,600 Speaker 1: because we know we don't really know what's going to 694 00:36:15,680 --> 00:36:18,680 Speaker 1: happen over the next three to twelve months. Probably the 695 00:36:18,719 --> 00:36:20,520 Speaker 1: market's going to crash. We don't know how hard they're 696 00:36:20,520 --> 00:36:22,200 Speaker 1: gonna crash, but we know that in the next three 697 00:36:22,239 --> 00:36:25,800 Speaker 1: to five years, the government has no choice but to 698 00:36:26,000 --> 00:36:29,880 Speaker 1: continue to inflate the currency. It's their plan two. But 699 00:36:29,960 --> 00:36:31,560 Speaker 1: of course they're gonna be forced to do even more 700 00:36:31,680 --> 00:36:33,960 Speaker 1: because of the problems that I've broken down for you. 701 00:36:34,920 --> 00:36:38,040 Speaker 1: It's inevitable in my opinion, and we have plenty of 702 00:36:38,120 --> 00:36:40,239 Speaker 1: historical narratives to back that up. You've been listening to 703 00:36:40,280 --> 00:36:43,600 Speaker 1: the Markma Show talking about the decentralized revolution, the way 704 00:36:43,640 --> 00:36:46,719 Speaker 1: the world is breaking apart and from a centralized place, 705 00:36:46,800 --> 00:36:49,560 Speaker 1: and we'll swing back to a more of a decentralized 706 00:36:49,560 --> 00:36:52,040 Speaker 1: world and we look at it through the lens of politics, finance, 707 00:36:52,160 --> 00:36:56,400 Speaker 1: and technology. Now, this as we talked about today, was 708 00:36:56,440 --> 00:36:58,759 Speaker 1: mostly about finance, the governments of the round the world, 709 00:36:58,760 --> 00:37:00,440 Speaker 1: the central banks of the world. We're talking about the 710 00:37:00,440 --> 00:37:02,600 Speaker 1: b o j in Japan, Bank of China, and we're 711 00:37:02,640 --> 00:37:05,000 Speaker 1: talking about the ECB, European Central Bank. We're talking about 712 00:37:05,000 --> 00:37:07,359 Speaker 1: the Federal Reserve of the United States. All of these 713 00:37:07,440 --> 00:37:11,120 Speaker 1: banks are in the same situation. They have no choice 714 00:37:11,200 --> 00:37:13,840 Speaker 1: but to do this, and you better be prepared or 715 00:37:13,840 --> 00:37:15,400 Speaker 1: you gonna get left behind. That's what I got for 716 00:37:15,440 --> 00:37:18,080 Speaker 1: you today. Hopefully you enjoyed this show. Let me know, 717 00:37:18,239 --> 00:37:20,040 Speaker 1: hit me up on Twitter, let me know, and thanks 718 00:37:20,080 --> 00:37:20,520 Speaker 1: for listening.