WEBVTT - Inflation is State Sponsored Terrorism 0:00:00.040 --> 0:00:03.720 Hello, and welcome to another episode of The Mark Ma Show, 0:00:03.760 --> 0:00:05.640 where we talk about each and every week. Of course, 0:00:05.680 --> 0:00:08.760 we talked about the decentralized Revolution, talking about the way 0:00:08.800 --> 0:00:11.920 the world is changing right before our very eyes. We're 0:00:12.039 --> 0:00:14.200 living through a period of history that's going to be 0:00:14.240 --> 0:00:19.239 talked about for millennia to come, mostly probably people scratching 0:00:19.280 --> 0:00:21.560 their heads saying what the heck were they thinking? But 0:00:21.640 --> 0:00:23.439 here we are living through it as the world is 0:00:23.480 --> 0:00:26.840 swinging from a world of centralization and we'll go back 0:00:26.840 --> 0:00:28.760 to a world of decentralization. We look at it through 0:00:28.760 --> 0:00:32.360 the lens of politics, finance, and technology, and of course 0:00:32.400 --> 0:00:36.280 those technologies are bitcoin and cryptocurrencies that are helping to 0:00:36.320 --> 0:00:40.040 decentralize the world. But the world is decentralizing politically and 0:00:40.040 --> 0:00:42.680 financially as well. So we look at it through those 0:00:42.720 --> 0:00:44.800 three lenses, and I try to bring to you each 0:00:44.800 --> 0:00:46.959 and every week. I try to bring you, um some 0:00:47.159 --> 0:00:51.000 education to help you see the world a little bit differently. Um. 0:00:51.080 --> 0:00:53.840 If you don't understand at a deeper level really what's 0:00:53.880 --> 0:00:55.680 going on, then you're just missing this whole thing and 0:00:55.680 --> 0:00:57.600 you don't know what to do. I started to bring 0:00:57.600 --> 0:00:59.520 to you some of the latest breaking news each every 0:00:59.520 --> 0:01:02.160 weeks here up to date on what's going on, and 0:01:02.760 --> 0:01:05.880 some interesting guests each end every week. And so we 0:01:05.959 --> 0:01:07.520 have all of that, but right now I want to 0:01:07.520 --> 0:01:10.520 dig into some education. And I want to dig into 0:01:10.520 --> 0:01:13.759 some education so you can understand exactly what's going on 0:01:14.120 --> 0:01:17.600 when you watch the news, when you hear what, you 0:01:17.640 --> 0:01:21.560 know what what read any of your financial publications, news publications, 0:01:21.959 --> 0:01:25.160 and I want you to understand what's really going on. 0:01:25.840 --> 0:01:27.280 And so we have to dig a little bit deeper 0:01:27.440 --> 0:01:29.440 and something that we would probably call like a first 0:01:29.440 --> 0:01:31.480 principle's level. Most people don't really think through like a 0:01:31.520 --> 0:01:34.640 first or second order. We have to kind of you've 0:01:34.680 --> 0:01:38.240 you've probably heard before where people say, um, if you 0:01:38.280 --> 0:01:39.920 really want to get to like what it is you're 0:01:39.920 --> 0:01:41.399 trying to do or why you're trying to do it, 0:01:41.400 --> 0:01:44.320 you just keep asking yourself why seven times? Well why 0:01:44.360 --> 0:01:46.360 is that? Well? Why is that? Well? Why is that? 0:01:46.520 --> 0:01:48.000 And so you want to kind of keep getting down 0:01:48.080 --> 0:01:50.320 deeper and deeper. Most people don't think through the first order. 0:01:50.480 --> 0:01:55.280 So for example, um, hey, uh, you know, prices of 0:01:55.960 --> 0:01:58.840 prices of living have gone up, but really high, and uh, 0:01:58.880 --> 0:02:03.040 that's really dis proportionately affecting the poor people, and so 0:02:03.160 --> 0:02:05.280 why don't we give them a little bit of stimulus 0:02:05.280 --> 0:02:08.520 to help That sounds pretty good on the surface, like 0:02:08.600 --> 0:02:10.880 let's all help out, Like I like that, It sounds good. 0:02:11.280 --> 0:02:14.000 But let's think through the second order of that, and 0:02:14.120 --> 0:02:16.080 the third order, in the fourth order, fifth or so, 0:02:16.200 --> 0:02:18.320 if we do that, then what happens. Well, one, we 0:02:18.360 --> 0:02:19.959 have to print a bunch of money we don't have 0:02:20.520 --> 0:02:22.840 because that increases the debt. If we do that, then 0:02:22.880 --> 0:02:25.680 what happens, right, So, and you can keep playing that. 0:02:25.720 --> 0:02:27.440 I'm not going to dig down that rabbit hole for now, 0:02:27.480 --> 0:02:30.280 but I want to dig in on something that's going 0:02:30.360 --> 0:02:35.120 to hopefully help you understand what's going on and um, 0:02:35.240 --> 0:02:39.560 more importantly, help you navigate what's gonna go on, so 0:02:39.600 --> 0:02:41.080 you know what to do with your money and so 0:02:41.120 --> 0:02:43.080 you don't get wiped out. Put instead, you keep your 0:02:43.080 --> 0:02:46.280 head above water. And I think once you understand this, 0:02:46.320 --> 0:02:48.800 it's all gonna become very clear. And um, we're gonna 0:02:48.800 --> 0:02:55.160 title this the and that inflation is state sponsored terrorism. 0:02:55.240 --> 0:02:57.600 M hmm, that's a big word. Now. I'm borrowing this 0:02:57.680 --> 0:03:01.359 from Jeff Dice. He's the head of the MESAS Institute. 0:03:01.720 --> 0:03:05.560 UM check out MESAS dot org for more info on them. Basically, 0:03:05.560 --> 0:03:07.720 it's about the Austrian school of economics. So there's really 0:03:07.760 --> 0:03:10.760 two schools of economic theory, and you have the Austrian 0:03:10.800 --> 0:03:13.880 school of economics and you have the Kinsian um school 0:03:13.880 --> 0:03:18.919 of economics. In all of traditional education, all um colleges, 0:03:18.960 --> 0:03:22.760 et cetera. Universities that teach economics teach Kinsian economics, they 0:03:22.800 --> 0:03:26.720 don't teach Austrian. Most likely, from dozens and dozens and 0:03:26.760 --> 0:03:29.120 dozens of people that I know who have majored in 0:03:29.160 --> 0:03:32.839 economics at all different universities around the United States, they've 0:03:32.880 --> 0:03:35.400 all told me that they never even heard of Austrian 0:03:35.480 --> 0:03:40.400 economics going through university UM. But these are two um again, 0:03:40.440 --> 0:03:43.600 Austrian and Kinsian. Our whole system is built on Kinsian 0:03:44.040 --> 0:03:47.240 Why of course it comes after John Maynard Keynes, which 0:03:47.240 --> 0:03:51.800 it comes after after. And uh, everyone teaches that and 0:03:51.960 --> 0:03:54.080 tells us that's the right way to do it, and 0:03:54.080 --> 0:03:57.800 why it's so important because it justifies the government printing 0:03:57.800 --> 0:04:02.240 themselves unlimited amounts of money. Whereas Austrian school of economics 0:04:02.520 --> 0:04:05.680 is different, whereas they believe in sound money and savings 0:04:05.680 --> 0:04:08.760 and deploying capital and being efficient, etcetera. So that's the 0:04:08.840 --> 0:04:11.320 right way in my opinion, but the government doesn't like 0:04:11.400 --> 0:04:14.920 that because it would make them have restraint, which they 0:04:14.920 --> 0:04:17.760 don't want. So anyway, check out Mesas dot org if 0:04:17.760 --> 0:04:20.920 you want to learn more about Austrian economics. UM and 0:04:20.920 --> 0:04:23.760 it's really based off of Leadwiguan Mesas wrote the book 0:04:23.800 --> 0:04:26.760 called Human Action, and it's all about human action. Like 0:04:27.000 --> 0:04:31.760 humans act, we act like humans want more order in 0:04:31.800 --> 0:04:35.960 our lives. I want things to be better. Those things 0:04:35.960 --> 0:04:40.800 that I want build into my motivations that then cause 0:04:40.920 --> 0:04:45.279 me to act. It's very simple, right, it sounds simple. 0:04:45.520 --> 0:04:49.240 But for some reason, the Kinsians don't understand that. They 0:04:49.279 --> 0:04:51.719 don't believe in human action. So they think that everybody 0:04:51.760 --> 0:04:54.200 is just a number on a spreadsheet and everybody could 0:04:54.200 --> 0:04:57.680 be managed very simply like that. And so for example, well, 0:04:57.760 --> 0:05:01.240 let's just, uh, let's just tax these people at seventy 0:05:01.320 --> 0:05:04.240 percent of their wealth and let's give that money to 0:05:04.400 --> 0:05:07.280 these people and that will work out, right, it'll just 0:05:07.360 --> 0:05:11.279 even out. But they don't take into a consideration human action, 0:05:11.440 --> 0:05:13.960 whereas like we'll shoot, if you're going to take seventy 0:05:14.279 --> 0:05:18.560 of my wealth, then I'm probably not gonna work that hard, right, 0:05:18.960 --> 0:05:21.600 that's the motivation piece. That's what they're missing. So anyway, 0:05:21.880 --> 0:05:25.279 let's dig into this a little bit here. So Americans, 0:05:26.040 --> 0:05:28.040 not just Americans, the entire world, no matter where you're 0:05:28.040 --> 0:05:31.720 listening from, we are suffering from a massive inflation. That's 0:05:31.760 --> 0:05:34.280 what we're being told. R C p I CPI, CPI 0:05:34.400 --> 0:05:36.520 is on a new record forty year high, forty year high, 0:05:36.560 --> 0:05:39.040 forty high. Well, it came down a little bit. You've 0:05:39.040 --> 0:05:40.520 got all the way to nine point one. Now it's 0:05:40.560 --> 0:05:44.080 back down to eight point five. Hoay, hooray. That doesn't 0:05:44.080 --> 0:05:45.680 mean prices are coming back down to where they were. 0:05:45.839 --> 0:05:48.320 That just means they're still going up just a little 0:05:48.360 --> 0:05:50.560 bit of a less rate. So we have this massive 0:05:50.600 --> 0:05:52.480 inflation we've been feeling. We've been feeling the pain the 0:05:52.520 --> 0:05:55.800 gas pump, the grocery store, all these things. And of 0:05:55.920 --> 0:05:59.359 course the leaders that be, the politicians, the federals, are 0:05:59.400 --> 0:06:01.000 of the central bankers. They tell us that it's not 0:06:01.080 --> 0:06:03.080 a problem, it's not a problem. Oh, it's transitory, it's 0:06:03.120 --> 0:06:05.320 it's your temper that's going to go away. But once 0:06:05.360 --> 0:06:08.400 it became impossible to sell that narratve anymore, once it 0:06:08.560 --> 0:06:11.600 didn't go away, once people started crying out, because the 0:06:11.640 --> 0:06:13.440 pain of gas pump and the grocery store is way 0:06:13.480 --> 0:06:17.560 too high. Then the Federal Reserve had to do something 0:06:17.560 --> 0:06:20.120 about it. The Biden administration, the president, and again if 0:06:20.160 --> 0:06:23.640 you're another country, whatever political party you have, they all 0:06:23.800 --> 0:06:26.279 have to do something about this inflation. And so they will. 0:06:26.520 --> 0:06:29.279 And so the Federal Reserve wants to start raising rates 0:06:30.080 --> 0:06:33.200 because if they start raising rates, then maybe they could 0:06:33.839 --> 0:06:36.200 bring down prices. Now, there's a bunch of ways we 0:06:36.240 --> 0:06:38.840 can talk about this, but I'm gonna try to stay 0:06:38.920 --> 0:06:41.119 focused a little bit for you guys and not wander 0:06:41.160 --> 0:06:43.960 around too much. And so basically we have this um 0:06:44.480 --> 0:06:51.920 this monetary policy or this monetary regime of inflationism. Okay, Now, 0:06:52.200 --> 0:06:58.000 under the Austrian school of economics, inflation, as roth Part said, 0:06:58.080 --> 0:07:00.520 is always a monetary phenomenon. So inflation is when you 0:07:00.760 --> 0:07:03.839 increase the money supply. When you increase the money supply 0:07:03.960 --> 0:07:07.320 causes all types of things to happen. Um, the prices 0:07:07.360 --> 0:07:10.920 of all types of gooden services change, and supply change change, 0:07:11.040 --> 0:07:13.000 and all these things happen when you increase the money supply. 0:07:13.320 --> 0:07:17.320 But in today's terms, they consider inflation the cost of 0:07:17.360 --> 0:07:21.720 goods and services going up CPI right, But I I 0:07:21.800 --> 0:07:23.400 put out a tweet a while ago, I said, the 0:07:23.760 --> 0:07:27.400 two greatest tricks that the Central Bank ever played on 0:07:27.520 --> 0:07:32.119 us is one convincing us that the money supply should 0:07:32.240 --> 0:07:35.480 always increase. And a lot of people you hear that 0:07:35.600 --> 0:07:37.920 right now, and you go, but market has to uh. 0:07:38.120 --> 0:07:41.040 As the population increases, the money supply has to increase. Right, 0:07:41.840 --> 0:07:44.120 that's the greatest trick. The second greatest trick is that 0:07:44.760 --> 0:07:49.280 your asset prices going up is a good thing. We're 0:07:49.280 --> 0:07:51.080 gonna break those down. But what I want to tell 0:07:51.120 --> 0:07:54.160 you is that this is even way more profound than 0:07:54.280 --> 0:07:56.600 just the price of your groceries or your gas. It's 0:07:56.720 --> 0:07:59.640 way more profound than your asset prices, your retirement accounts 0:07:59.640 --> 0:08:02.360 and your box or a real estate. Alright, this has 0:08:02.480 --> 0:08:09.400 profound social, moral, and even lasting civilizational effects. Pretty big. 0:08:09.480 --> 0:08:11.600 All right, let's dig into this a little bit. Now. 0:08:12.000 --> 0:08:13.840 I don't want to go super deep, in super far 0:08:13.920 --> 0:08:15.600 back into history. We're gonna dig We're gonna take a 0:08:15.600 --> 0:08:18.280 little bit into history and a little bit um, but 0:08:18.360 --> 0:08:20.280 I want to kind of frame this up a little 0:08:20.280 --> 0:08:24.080 bit into something in modern day terms. Um. Then we'll 0:08:24.120 --> 0:08:26.120 dig back and we're gonna look at a couple of 0:08:26.240 --> 0:08:28.880 examples through history not too far we'll go back into 0:08:28.920 --> 0:08:31.280 the nineties and the two thousand's not too far away, 0:08:32.559 --> 0:08:35.600 and then we're gonna explain exactly what these policies are, 0:08:36.640 --> 0:08:40.800 what that actually means for you and for your life, 0:08:41.080 --> 0:08:44.040 for your offpring, and I'm gonna dig into, like I said, 0:08:44.360 --> 0:08:47.440 even what this is doing in a society level. Now, 0:08:47.480 --> 0:08:50.920 if you can understand this at this first principle's level, 0:08:51.400 --> 0:08:53.439 everything you see on the news from the White House 0:08:53.480 --> 0:08:57.240 Press Secretary to Biden, read enough the teleprompter, to the 0:08:57.280 --> 0:08:59.720 Federal Reserve talking or the E c B or whatever country, 0:08:59.760 --> 0:09:02.400 and it's all going to make sense. You don't want 0:09:02.400 --> 0:09:04.360 to miss this. You're listening to the Mark mo Show. 0:09:04.400 --> 0:09:07.280 Of course, we talk about the decentralized revolution, the way 0:09:07.320 --> 0:09:11.280 the world is changing, moving from centralization to decentralization. We 0:09:11.360 --> 0:09:14.640 look at it through the lens of politics, finance, and technology, 0:09:14.920 --> 0:09:17.280 and we're really digging into the finance piece today because 0:09:17.280 --> 0:09:21.000 that's on everyone's minds. And again, if you understand this 0:09:21.080 --> 0:09:22.360 at the level i'm gonna break it down for you, 0:09:22.840 --> 0:09:26.199 then you're gonna understand everything that's going on and how 0:09:26.280 --> 0:09:27.839 you should survive on it give you the game plan 0:09:27.960 --> 0:09:29.960 and what you should do to navigate this. So don't 0:09:30.000 --> 0:09:31.760 go away. I want to be back with that and 0:09:32.000 --> 0:09:34.160 more in a minute. It's a big show. I'll be back, 0:09:34.720 --> 0:09:37.800 all right, Welcome back. You are still listening, or if 0:09:37.840 --> 0:09:39.800 you're just joining and you're listening to the Mark Moa Show. 0:09:39.840 --> 0:09:42.560 We talk about the decentralized revolution, the way the world 0:09:42.679 --> 0:09:44.880 is changing right before our very eyes, and we look 0:09:44.880 --> 0:09:47.840 at it through the lens of politics, finance, and technology 0:09:48.480 --> 0:09:51.040 and today uh, and I look at through those lenses 0:09:51.080 --> 0:09:53.480 because all three of those rapidly changes. Today we're talking 0:09:53.520 --> 0:09:55.760 about the finance side of things, and it's something that's 0:09:55.800 --> 0:09:58.599 near and dear to everybody's heart, but most people have 0:09:58.960 --> 0:10:02.040 no idea, uh, what it even is. And so the 0:10:02.120 --> 0:10:04.959 thing that I'm talking about is inflation as defined in 0:10:05.000 --> 0:10:07.640 today's terms of the price of goods and services going up. 0:10:07.840 --> 0:10:10.280 Everybody's feeling that, all right, But let's just go back 0:10:10.280 --> 0:10:13.080 a couple of years ago. So remember like two thousand nineteen, 0:10:13.200 --> 0:10:16.160 before the pandemic broke out, before all that stuff happened, Um, 0:10:16.240 --> 0:10:18.880 seemed like everything was going great, right, Like the U. S. 0:10:18.960 --> 0:10:21.679 Economy was booming, the stock markets were making all time 0:10:21.760 --> 0:10:26.280 highs Um, everybody was happy, Well not everybody, right, You 0:10:26.320 --> 0:10:28.000 remember there was a whole group of people they were 0:10:28.040 --> 0:10:29.720 like the never Trumpers, and they're going to move out 0:10:29.760 --> 0:10:33.560 of the country, and so there was all this angst 0:10:33.760 --> 0:10:36.480 built up in the system. But it was kind of 0:10:36.559 --> 0:10:38.760 going okay, right, I mean, the economy is kind of good. 0:10:38.800 --> 0:10:42.400 We're we're all making money. But we were already getting 0:10:42.400 --> 0:10:43.880 to the point where people were kind of at each 0:10:43.880 --> 0:10:49.480 other's throats. Now, Um, if you think that America was divided, 0:10:49.559 --> 0:10:53.360 then uh, Dr Bob Murphy he's also with the me 0:10:53.480 --> 0:10:56.000 since too. He said in two if you think America's divided, now, 0:10:56.440 --> 0:10:58.920 what do you think would happen if the economy was terrible, 0:10:59.559 --> 0:11:03.480 like we had another crash in two thoight? Well we're 0:11:03.559 --> 0:11:06.400 finding out right now. We're about to find out right now. 0:11:06.480 --> 0:11:10.360 Imagine living in some of these countries and emerging markets. Today. 0:11:10.400 --> 0:11:12.599 We saw Sri Loca blow up, Lebanon blow up, we 0:11:12.640 --> 0:11:16.560 saw Turkey blow up, Venezuela, Argentina, Peru ecuator tapping all 0:11:16.559 --> 0:11:19.480 around the world. Imagine living there. We see if you 0:11:19.520 --> 0:11:21.360 don't see what mainstream media, but if you jump onto Twitter, 0:11:21.440 --> 0:11:23.439 you'll see each of these countries are just named have 0:11:24.320 --> 0:11:26.679 hundreds of thousands, of not millions of people in the 0:11:26.760 --> 0:11:32.280 streets protesting because it is bad news today. And so UM, 0:11:32.400 --> 0:11:34.600 that's an extreme case, and sometimes you need that extreme 0:11:34.640 --> 0:11:37.400 case to understand this. But we're talking about this inflation 0:11:38.360 --> 0:11:42.880 is um as a policy all right. Now, in today's terms, UM, 0:11:42.960 --> 0:11:46.920 the government has to continue to create this inflationism, this expansion, 0:11:46.920 --> 0:11:49.920 the money spy because we have to. We don't bring 0:11:50.000 --> 0:11:53.360 in enough tax revenue to to meet or exceed the 0:11:53.520 --> 0:11:55.880 spending of the government. So now we have deficit spending. 0:11:55.960 --> 0:11:58.200 So every year they have to borrow money or print 0:11:58.240 --> 0:12:01.640 money just to continue spending. We of this deliberate credit 0:12:01.720 --> 0:12:05.319 expansion on a national scale. Uh, you know, we've we 0:12:05.480 --> 0:12:08.079 have As they create all this extra money, it's created 0:12:08.400 --> 0:12:10.920 more money chasing the same amount of limited goods and services, 0:12:11.000 --> 0:12:14.160 which brings the price up. Right. But let's just talk 0:12:14.200 --> 0:12:17.880 about this inflation as a policy. Okay, So the first 0:12:17.960 --> 0:12:22.040 thing is that, um, the goal of the Federal Reserve, 0:12:22.920 --> 0:12:26.720 the goal of the United States is to have inflation. 0:12:26.960 --> 0:12:29.079 That's their that's their main policy, and they want to 0:12:29.280 --> 0:12:33.920 have two percent inflation. Now, what does that mean, so 0:12:34.040 --> 0:12:36.679 they want to increase the amount of money every year 0:12:36.760 --> 0:12:40.280 by two They want prices to go up by two percent. 0:12:41.800 --> 0:12:45.120 What that means is that your dollars are buying less 0:12:45.360 --> 0:12:47.959 goods and services every single year. What it means is 0:12:48.040 --> 0:12:50.680 that you have to work harder and harder and harder. 0:12:51.040 --> 0:12:53.920 You have to work more hours just to have the 0:12:54.120 --> 0:12:59.040 same level of living that you had before. All right, 0:12:59.400 --> 0:13:03.040 now that is their target, right, and they should own that, 0:13:03.360 --> 0:13:05.280 all right? And now Mysa has made a quote the 0:13:05.360 --> 0:13:07.679 crack of boom. He says, suddenly when people realize that 0:13:07.760 --> 0:13:11.959 inflation is both deliberate and never ending, it's deliberate. This 0:13:12.160 --> 0:13:16.400 is their policy, all right, They set out to do that. Now, 0:13:16.520 --> 0:13:19.760 the policy of inflation, it's engineered. Like I said that, 0:13:19.920 --> 0:13:23.920 their policy is two. But let's say that we get 0:13:23.920 --> 0:13:26.640 to nine, which is where we got. Now, that's just 0:13:27.160 --> 0:13:31.040 barely a little bit difference. That's like saying, um, you know, 0:13:31.600 --> 0:13:33.240 a little bit of poison is good for us, but 0:13:33.280 --> 0:13:36.040 a lot of poisons not. It's basically what that's saying. 0:13:36.280 --> 0:13:40.200 But let's let's think about what that actually means. All right, 0:13:40.280 --> 0:13:46.000 So at ten percent inflation, in seven years, you'll have 0:13:46.400 --> 0:13:50.280 lost half of your purchasing power. So if you had 0:13:50.320 --> 0:13:52.760 a hundred thousand dollars, let's say let's say that you 0:13:52.840 --> 0:13:54.640 want to buy a house and you're gonna pay cash, 0:13:54.679 --> 0:13:56.559 and you had a hundred thousand dollars and I was 0:13:56.559 --> 0:13:58.800 gonna pay cash, but you know what, I'm probably gonna 0:13:58.840 --> 0:14:00.679 travel for a couple of years, so I'm gonna put 0:14:00.720 --> 0:14:02.200 that money in the bank, and then I'm gonna come 0:14:02.240 --> 0:14:03.480 back and buy the house in a couple of years. 0:14:03.679 --> 0:14:05.600 So in seven years from now, you decided to buy 0:14:05.600 --> 0:14:07.559 the house. But the problem is that hundred thousands. You 0:14:07.600 --> 0:14:09.640 still have the hundred thousand in the bank, but today 0:14:09.880 --> 0:14:13.160 it only buys you fifty thousand dollars worth of a 0:14:13.240 --> 0:14:16.560 house because of the inflation pushing the price of things 0:14:16.720 --> 0:14:20.480 up so much. Inflation, that's why he's making the case 0:14:20.480 --> 0:14:25.200 of inflation is nothing less than sanctioned state terror. Terror, 0:14:25.640 --> 0:14:27.960 and we should treat it as such. It's criminal. It 0:14:28.080 --> 0:14:30.960 makes us live in fear, think about terrorism. It makes 0:14:31.040 --> 0:14:33.680 us live in fear. And it's not just economic issue. 0:14:34.120 --> 0:14:37.320 In fact, it produces deep cultural and social sickness in 0:14:37.520 --> 0:14:41.000 any society. It touches. It makes planning ahead, it makes 0:14:41.040 --> 0:14:45.760 planning for your business, your own personal expenses, your entrepreneurship. 0:14:46.280 --> 0:14:49.120 It makes all that planning, which would of course rely 0:14:49.280 --> 0:14:53.640 on profits and lost calculations money prices, way more difficult. 0:14:53.680 --> 0:14:56.120 It makes it way more risky. And when it's more 0:14:56.120 --> 0:14:59.080 difficult and risky, we get less of it, So we 0:14:59.160 --> 0:15:03.840 get less investments, we get less business booming, but also 0:15:03.960 --> 0:15:07.400 inflation prices going up, where your dollars buying you less 0:15:07.440 --> 0:15:11.680 and less, destroys both existing wealth and future wealth. So 0:15:11.800 --> 0:15:14.080 that hundred thousand dollars that put in my bank, it 0:15:14.400 --> 0:15:17.080 destroys that, and it now only buys me half as 0:15:17.160 --> 0:15:20.720 much goods, but it also destroys future wealth. All right. 0:15:21.160 --> 0:15:24.520 It diminishes the world that our children, our grandchildren habit, 0:15:24.920 --> 0:15:29.240 and it makes us poor and vulnerable in our senior years. Now, um, 0:15:29.720 --> 0:15:32.320 just not that long ago. Twenty years ago. With a 0:15:32.400 --> 0:15:35.840 million dollars, most people could probably retire on that because 0:15:36.120 --> 0:15:38.200 you could put that million dollars, you could earn your 0:15:38.240 --> 0:15:42.000 seven eight percent on that pretty consistently seventy dollars a year. 0:15:42.080 --> 0:15:44.640 Most people could live on that. Today, that million dollars 0:15:44.680 --> 0:15:48.200 doesn't get you anything. Now you need ten million dollars 0:15:49.240 --> 0:15:52.400 to have the same quality of life. That you could 0:15:52.440 --> 0:15:55.640 have had on one million dollars. So it makes us 0:15:55.680 --> 0:15:58.400 poor and vulnerable in our seniors. It it steals and 0:15:58.480 --> 0:16:03.080 destroys our future. An unspoken truth, inflation also makes us 0:16:03.240 --> 0:16:09.120 worse people. It degrades us morally. It forces us to 0:16:09.240 --> 0:16:13.160 choose current consumption over thrift. It makes us live in 0:16:13.240 --> 0:16:16.640 the present at the expense of the future, which is 0:16:16.680 --> 0:16:20.200 the exact opposite of what healthy societies do. We should 0:16:20.240 --> 0:16:22.400 be thinking ahead. Think back to the United States in 0:16:22.440 --> 0:16:25.560 its founding, you had people coming to the United States 0:16:26.040 --> 0:16:30.760 sacrificing their future. I'm sorry, sacrificing their current reality and 0:16:30.880 --> 0:16:35.240 I guess their future in exchange to hopefully have a 0:16:35.400 --> 0:16:38.400 better life for their future generations. Even not that long ago. 0:16:38.560 --> 0:16:40.880 You know, immigrants come to the country, work eight hours 0:16:40.920 --> 0:16:43.360 week hopefully that they will have something better. So that's 0:16:43.400 --> 0:16:46.680 a long term thinking. They're making decisions today that would 0:16:46.680 --> 0:16:51.040 be worse today, but long term they hope it will 0:16:51.080 --> 0:16:55.120 be better. My goal, my renewed goal, is I want 0:16:55.120 --> 0:16:57.400 to be as healthy as I can, and I want 0:16:57.440 --> 0:16:59.880 to make sure that I have a sound mind when 0:17:00.000 --> 0:17:02.720 I'm old. That's like my main concern right now. And 0:17:02.840 --> 0:17:06.200 so now I'm rethinking all the things I'm doing today 0:17:06.760 --> 0:17:10.040 because I've set that as my goal. We I'm gonna 0:17:10.119 --> 0:17:12.680 eat differently, I'm gonna put different things in my body, 0:17:12.800 --> 0:17:15.920 on my body, all those things, and so I need 0:17:16.000 --> 0:17:19.520 to have that long term perspective. My relationships, how I 0:17:19.640 --> 0:17:23.920 treat people today will change based on those long term perspectives. 0:17:23.920 --> 0:17:26.040 You hear about, like don't burn bridges. Why not burn 0:17:26.080 --> 0:17:29.200 bridges well, because at some point in the future you 0:17:29.359 --> 0:17:32.520 might need that person again. Right, that's long term thinking. 0:17:32.560 --> 0:17:34.960 If we have short term thinking, we're eating junk, we're 0:17:34.960 --> 0:17:36.399 doing all kinds of things of our body, we're having 0:17:36.400 --> 0:17:39.040 horrible relationships, we're not saving, we're not building, we're not 0:17:39.119 --> 0:17:43.399 doing anything. And that's why it's bad. Right. It's the 0:17:43.640 --> 0:17:46.520 very human impulse of saving for a rainy day and 0:17:46.680 --> 0:17:51.040 maybe hopefully leaving something for your children is ruined because 0:17:51.080 --> 0:17:53.560 of inflation. Now you're listening to the Markmas Show, we're 0:17:53.560 --> 0:17:56.160 talking a little bit of education so you can better 0:17:56.320 --> 0:17:59.359 understand what is going on in the world today because 0:17:59.400 --> 0:18:01.920 you hear all these things about this Inflation Reduction Act 0:18:02.160 --> 0:18:03.880 that the Biden administration just passed through, and you don't 0:18:03.880 --> 0:18:06.680 really understand. And so I'm breaking all this down for you. 0:18:06.960 --> 0:18:08.479 I got a lot more to cover when I go through, 0:18:08.520 --> 0:18:10.360 and I want to give you the playbook of how 0:18:10.520 --> 0:18:13.040 we're going to survive, what we're gonna do through this. 0:18:13.359 --> 0:18:14.880 Don't go away, I got a lot to cover. I'll 0:18:14.880 --> 0:18:17.040 be right back, all right, Welcome back. You are listening 0:18:17.080 --> 0:18:20.520 to the Markma Show. We talked about the decentralized revolution, 0:18:20.560 --> 0:18:23.360 the way the world is changing right before our very eyes, 0:18:23.359 --> 0:18:26.640 through the lens of politics, finance, and technology. Of course, 0:18:26.680 --> 0:18:30.720 the technology is bitcoin cryptocurrencies. But today we're talking right now, 0:18:30.840 --> 0:18:34.280 specifically about the financial system. And I'm taking something that 0:18:34.320 --> 0:18:37.800 you hear about all the time, inflation, and I'm breaking 0:18:37.840 --> 0:18:40.480 it down so you can understand it a little bit better. Um, 0:18:40.920 --> 0:18:42.159 and then we're gonna I want to give you a 0:18:42.200 --> 0:18:43.840 couple of examples and what we're gonna do about here. 0:18:43.960 --> 0:18:45.800 So we're talking about what inflation is, and I was 0:18:45.840 --> 0:18:50.159 just talking about how it's a deliberate policy. Right. The 0:18:50.240 --> 0:18:52.680 goal is two percent, they have to nine percent. What 0:18:52.800 --> 0:18:54.719 does that mean, Well, the goal is that they want 0:18:54.800 --> 0:18:56.959 to kill you slowly instead of kill you a lot. 0:18:57.080 --> 0:19:00.200 Now to put this into two actual numbers, inflation is 0:19:00.280 --> 0:19:03.920 now back down to eight point. Okay, in the United States, 0:19:04.040 --> 0:19:06.399 that's the cost of goods and services going up by eight. 0:19:08.080 --> 0:19:11.240 What does that mean to you the average person? That 0:19:11.320 --> 0:19:13.159 means for the average person, so we have like the 0:19:13.280 --> 0:19:17.159 median income, the median expenses. For the average person, it 0:19:17.400 --> 0:19:22.760 increases their monthly expenses. What does that mean. Well, that 0:19:22.880 --> 0:19:28.560 means that this month, it costs you three more per 0:19:28.760 --> 0:19:32.080 month to have the exact same quality of life that 0:19:32.160 --> 0:19:34.760 you had the month before. So what does that mean, Well, 0:19:34.800 --> 0:19:37.200 that means if you make thirty two dollars an hour, 0:19:38.760 --> 0:19:40.280 thirty two bucks an hour, which I think is a 0:19:40.320 --> 0:19:42.600 pretty decent wage in across the United States right now, 0:19:42.880 --> 0:19:44.960 if you make thirty two bucks an hour, then you 0:19:45.119 --> 0:19:49.440 have to work ten extra hours this month to have 0:19:49.560 --> 0:19:51.480 the exact same quality of life that you had the 0:19:51.480 --> 0:19:55.280 month before. Now, that's ten hours of your life that 0:19:55.359 --> 0:19:58.880 could be spent with your wife building a better relationship. 0:19:58.920 --> 0:20:00.600 That could be ten hours a it's been with my 0:20:00.720 --> 0:20:03.560 kids teaching them good life lessons. That could be ten 0:20:03.600 --> 0:20:06.200 hours I put into my health, my personal change, ten 0:20:06.240 --> 0:20:08.760 hours I put into my education. Ten hours I could 0:20:08.800 --> 0:20:12.000 spend building a side business or a new business. That's 0:20:12.040 --> 0:20:13.879 ten hours I could do whatever want. That's my life, 0:20:15.680 --> 0:20:17.560 and now I have to take those ten hours and 0:20:17.600 --> 0:20:19.400 take them away from my kids, or take them away 0:20:19.400 --> 0:20:22.920 from my personal health so I can work more, so 0:20:23.040 --> 0:20:25.399 I can have the exact same quality of life I 0:20:25.440 --> 0:20:28.159 had the month before. Now that's a that's an eight 0:20:28.200 --> 0:20:30.439 and a half percent. Now the goal is two percent. 0:20:30.600 --> 0:20:33.440 So instead of stealing ten hours a month, they only 0:20:33.480 --> 0:20:36.720 want to steal two or three. Of course, that adds 0:20:36.800 --> 0:20:39.959 up over time, as I said before, So you can 0:20:40.040 --> 0:20:42.800 kind of see where this goes. Now. As this happens, 0:20:43.400 --> 0:20:45.800 as inflation happens, as you continue to still the wealth 0:20:45.840 --> 0:20:48.560 from people, everything starts to break down. It gets harder 0:20:48.560 --> 0:20:51.000 and harder to live. A perfect example, I got coffee 0:20:51.080 --> 0:20:53.560