1 00:00:00,080 --> 00:00:02,640 Speaker 1: Hello, and welcome to another episode of The Mark Moss Show, 2 00:00:02,680 --> 00:00:04,400 Speaker 1: where we talk about, of course, each and every week, 3 00:00:04,440 --> 00:00:08,399 Speaker 1: the decentralized revolution, how the world is literally breaking apart 4 00:00:08,480 --> 00:00:10,240 Speaker 1: right before our very eyes. And now, you know, I 5 00:00:10,320 --> 00:00:12,200 Speaker 1: like to bring to you some education, which of course 6 00:00:12,280 --> 00:00:14,600 Speaker 1: I talked big about what's going on with the dollar 7 00:00:14,720 --> 00:00:17,480 Speaker 1: this week, and bring you some you know, interesting guests. 8 00:00:17,680 --> 00:00:19,479 Speaker 1: And I also want to bring to you the latest 9 00:00:19,560 --> 00:00:21,959 Speaker 1: breaking news and kind of explain that. Now, look, I 10 00:00:21,960 --> 00:00:24,400 Speaker 1: get it, you can read the news yourself, but I 11 00:00:24,440 --> 00:00:26,360 Speaker 1: think a lot of times people are left with like, okay, 12 00:00:26,400 --> 00:00:28,360 Speaker 1: so like what does that mean? What do I do 13 00:00:28,360 --> 00:00:30,240 Speaker 1: with it? Kind of thing. So I want to bring 14 00:00:30,280 --> 00:00:32,919 Speaker 1: to you some interesting perspectives on the news, make sure 15 00:00:32,920 --> 00:00:35,720 Speaker 1: you're up to date with what's going on. And some 16 00:00:35,760 --> 00:00:37,560 Speaker 1: of the biggest news that I've been talking about lately 17 00:00:37,640 --> 00:00:39,960 Speaker 1: has been what's kind of been dubbed as this like 18 00:00:40,120 --> 00:00:42,840 Speaker 1: Operation choke point two point out, and I've talked about 19 00:00:42,840 --> 00:00:46,479 Speaker 1: this quite a bit, where a choke point, the original 20 00:00:46,520 --> 00:00:49,600 Speaker 1: choke point was basically the Obama administration weaponizing the financial 21 00:00:49,600 --> 00:00:52,720 Speaker 1: system against what we're considered legal businesses in the United 22 00:00:52,760 --> 00:00:57,000 Speaker 1: States but unfavorable. So these were things like check cashing, 23 00:00:58,440 --> 00:01:03,000 Speaker 1: you know, gun stores, adult related businesses, things like that 24 00:01:03,200 --> 00:01:07,360 Speaker 1: legally protect, legally protected, but yet you know, maybe somewhat unfavorable, 25 00:01:07,600 --> 00:01:10,200 Speaker 1: and they weaponize the financial system against and they also 26 00:01:10,240 --> 00:01:13,920 Speaker 1: weaponized the IRS, which of course was all admitted i 27 00:01:14,080 --> 00:01:16,080 Speaker 1: RS chief Lewis learn how to step down in disgrace 28 00:01:16,640 --> 00:01:21,000 Speaker 1: for weaponizing it against conservatives, specifically against tea parties, not 29 00:01:21,280 --> 00:01:25,720 Speaker 1: denying them they're protected status of a nonprofit, as well 30 00:01:25,760 --> 00:01:28,320 Speaker 1: as targeting them for audits and things like that. Now, 31 00:01:28,560 --> 00:01:30,959 Speaker 1: interesting enough, we've seen back to kind of this choke 32 00:01:31,000 --> 00:01:33,280 Speaker 1: point two point sort of the same thing happening. And 33 00:01:33,480 --> 00:01:36,720 Speaker 1: on a side note, you know, we saw we saw 34 00:01:36,800 --> 00:01:39,720 Speaker 1: the Twitter Files, which I've talked about extensively here, how 35 00:01:39,800 --> 00:01:43,880 Speaker 1: the US government included the Biden administration and the FBI 36 00:01:45,000 --> 00:01:49,680 Speaker 1: basically using its force to pressure Twitter to suppress information, 37 00:01:50,400 --> 00:01:54,080 Speaker 1: to promote information as well sensor information. So we've seen that, 38 00:01:55,000 --> 00:01:58,760 Speaker 1: and then well we've seen that because Elon Musk, after 39 00:01:58,800 --> 00:02:01,560 Speaker 1: buying Twitter, released all of that information in what is 40 00:02:01,600 --> 00:02:04,480 Speaker 1: now infamously known as the Twitter Files. And he releases 41 00:02:04,520 --> 00:02:08,720 Speaker 1: information to some different reporters, Matt Taiebee being one of them, 42 00:02:09,000 --> 00:02:12,279 Speaker 1: and of course the federal government doesn't like being exposed 43 00:02:12,560 --> 00:02:16,119 Speaker 1: and has since requested that all those people appear before 44 00:02:16,160 --> 00:02:20,799 Speaker 1: a committee. Now, while Matt Taibee was being questioned, potentially 45 00:02:20,840 --> 00:02:23,480 Speaker 1: even threatened by the US government for how dare you 46 00:02:23,680 --> 00:02:26,320 Speaker 1: release this information? You better disclose who you got this 47 00:02:26,360 --> 00:02:30,600 Speaker 1: information from? All these things. Interestingly enough, the IRS just 48 00:02:30,760 --> 00:02:36,320 Speaker 1: happened to go to his house at the same time. Huh. Interesting, 49 00:02:36,400 --> 00:02:41,400 Speaker 1: but well, operations Chokepoint continues to be waged against the 50 00:02:41,480 --> 00:02:44,520 Speaker 1: US the average citizen. Now a bunch of headlines that 51 00:02:44,520 --> 00:02:47,240 Speaker 1: are really demonstrating this, and so a couple of the 52 00:02:47,240 --> 00:02:49,079 Speaker 1: ones that I saw this week that I thought were 53 00:02:49,080 --> 00:02:52,320 Speaker 1: pretty interesting. Now you can tell a lot about a 54 00:02:52,440 --> 00:02:59,080 Speaker 1: nation by how they prosecute crimes. Do they prosecute crimes 55 00:02:59,200 --> 00:03:06,320 Speaker 1: against their citizens more harsh or against themselves? Think about that. 56 00:03:08,560 --> 00:03:10,880 Speaker 1: There's a new bill called the restrict Act that they're 57 00:03:10,880 --> 00:03:13,280 Speaker 1: trying to put through, which is basically taking away your 58 00:03:13,280 --> 00:03:18,000 Speaker 1: ability to use networks they can't control. And it's punishable 59 00:03:18,680 --> 00:03:22,840 Speaker 1: by twenty years in prison, losing all of your property, 60 00:03:23,440 --> 00:03:26,600 Speaker 1: a million dollars fine, and no due process of law. 61 00:03:27,120 --> 00:03:31,160 Speaker 1: Now that seems pretty that seems pretty harsh. You don't 62 00:03:31,160 --> 00:03:35,960 Speaker 1: even get that for a second degree murder. So if 63 00:03:36,000 --> 00:03:39,840 Speaker 1: I murder somebody that doesn't even happen to me. But 64 00:03:39,960 --> 00:03:42,880 Speaker 1: if I use a network that the government doesn't like, 65 00:03:45,120 --> 00:03:48,360 Speaker 1: why well, because how do they prosecute crimes against themselves. 66 00:03:48,360 --> 00:03:50,800 Speaker 1: Look at Julian Assans. He's facing whatever one hundred and 67 00:03:50,800 --> 00:03:53,400 Speaker 1: fifty years or whatever it is in prison because he 68 00:03:54,160 --> 00:03:56,960 Speaker 1: showed how the government, the United States government, was killing 69 00:03:57,080 --> 00:04:00,520 Speaker 1: civilians over the Middle East. He exposed, Oh, something they 70 00:04:00,520 --> 00:04:04,640 Speaker 1: didn't like, and normal people don't get that. No, that's 71 00:04:04,680 --> 00:04:06,240 Speaker 1: part of what this is going on. Now, we saw 72 00:04:06,360 --> 00:04:10,640 Speaker 1: this week the US Treasury is warning that Defy in 73 00:04:10,680 --> 00:04:14,080 Speaker 1: the cryptocurrency space, we have decentralized finance. Now they warn 74 00:04:14,200 --> 00:04:17,599 Speaker 1: us that Defy is being used by North Korea to 75 00:04:17,800 --> 00:04:22,880 Speaker 1: launder dirty money, and they recommend that the US better 76 00:04:22,960 --> 00:04:27,599 Speaker 1: look at how it can enhance its existing anti money 77 00:04:27,680 --> 00:04:32,520 Speaker 1: laundering regime. Now, think about that for a minute, anti 78 00:04:32,560 --> 00:04:36,200 Speaker 1: money laundering. It sounds so scary. They they need to 79 00:04:36,200 --> 00:04:40,000 Speaker 1: protect us. They say that decentralized finance DEFY services aren't 80 00:04:40,000 --> 00:04:43,480 Speaker 1: compliant with anti money laundering and terrorist financing rules and 81 00:04:43,600 --> 00:04:47,440 Speaker 1: because of that, it poses a massive risk to the 82 00:04:47,560 --> 00:04:53,480 Speaker 1: current illicit finances that are happening in the cryptosector. Pretty interesting. 83 00:04:54,080 --> 00:04:59,080 Speaker 1: Now they recommend an assessment of possible enhancements. How can 84 00:04:59,120 --> 00:05:00,800 Speaker 1: we step this up? How can we make it even 85 00:05:00,800 --> 00:05:03,880 Speaker 1: more strict to the US anti money laundering requirements that 86 00:05:03,920 --> 00:05:07,919 Speaker 1: are already there. And of course this is for your safety, 87 00:05:08,000 --> 00:05:10,840 Speaker 1: of course, right, everything's always for your safety because they 88 00:05:10,880 --> 00:05:13,320 Speaker 1: need to protect us from these scammers. At the same time, 89 00:05:13,560 --> 00:05:15,599 Speaker 1: we saw the US Treasury came out and said that 90 00:05:15,640 --> 00:05:23,360 Speaker 1: these decentralized crypto markets actually threaten national security. How dare 91 00:05:23,400 --> 00:05:27,400 Speaker 1: you have the ability to transact without the government's intervening 92 00:05:27,480 --> 00:05:31,719 Speaker 1: in that, and if you do that it threatens national security, 93 00:05:31,720 --> 00:05:33,640 Speaker 1: you're at risk. You don't have a right to put 94 00:05:33,640 --> 00:05:36,680 Speaker 1: the whole world at risk? How dare you? Sort Of 95 00:05:36,680 --> 00:05:39,800 Speaker 1: like we saw during the pandemic, right now, as they're 96 00:05:39,800 --> 00:05:43,080 Speaker 1: doing this, what happens so sort of like when the 97 00:05:43,160 --> 00:05:46,240 Speaker 1: US used its heavy handed arm against other nations and 98 00:05:46,279 --> 00:05:49,320 Speaker 1: financial sanctions, Well it pushes them out of the financial 99 00:05:49,360 --> 00:05:51,080 Speaker 1: system and they go set up their own financial system. 100 00:05:51,360 --> 00:05:54,400 Speaker 1: So what happens when the US is now imposing laws 101 00:05:54,440 --> 00:05:58,760 Speaker 1: against cryptocurrencies, decentralized finance and things like that, Well, it 102 00:05:58,760 --> 00:06:01,480 Speaker 1: starts to push them out of the system as well. 103 00:06:03,080 --> 00:06:09,640 Speaker 1: Good old Elizabeth Warren, as Trump called her Pokehonas. I'm 104 00:06:09,640 --> 00:06:11,320 Speaker 1: not gonna get into that story. It's interesting, door if 105 00:06:11,320 --> 00:06:13,760 Speaker 1: you want to look it up. It's her line, of course, 106 00:06:13,880 --> 00:06:16,120 Speaker 1: is why she got that name. But she's running on 107 00:06:16,160 --> 00:06:21,799 Speaker 1: a campaign to literally shut down cryptocurrencies. It's an anti 108 00:06:21,880 --> 00:06:25,560 Speaker 1: crypto campaign that she's running on. Think about this. She's 109 00:06:25,560 --> 00:06:29,360 Speaker 1: in her seventies, she makes a salary of about two 110 00:06:29,480 --> 00:06:34,039 Speaker 1: hundred and thirty thousand a year, and she's worth now 111 00:06:34,120 --> 00:06:38,560 Speaker 1: like sixty five million dollars. She'd have to work I 112 00:06:38,600 --> 00:06:40,800 Speaker 1: don't know the math. I don't know a thousand years, 113 00:06:40,880 --> 00:06:43,520 Speaker 1: and never spend a single penny of her income to 114 00:06:43,520 --> 00:06:49,080 Speaker 1: get that kind of a net worth. Someone who's grossly 115 00:06:49,120 --> 00:06:52,240 Speaker 1: benefited from the fIF monetary system and grossly benefited from 116 00:06:52,240 --> 00:06:55,280 Speaker 1: insider deals inside the government, back channel deals. So of 117 00:06:55,279 --> 00:06:58,400 Speaker 1: course she's going to try to shut down any system 118 00:06:58,400 --> 00:07:01,239 Speaker 1: that would threaten at which is crypto. But I haven't 119 00:07:01,279 --> 00:07:07,120 Speaker 1: actually remembered any time any lawmaker, any political candidate, has 120 00:07:07,160 --> 00:07:11,120 Speaker 1: ever run on a platform to literally take things away 121 00:07:11,160 --> 00:07:15,480 Speaker 1: from Americans. Most times they're running on campaigns to give more. Hey, 122 00:07:15,520 --> 00:07:18,280 Speaker 1: we're gonna give you a financial aid, we're gonna forgive 123 00:07:18,320 --> 00:07:20,560 Speaker 1: your debt, We're gonna give you more welfare. Most of 124 00:07:20,600 --> 00:07:23,040 Speaker 1: the times they're offering to give you more. When a 125 00:07:23,160 --> 00:07:26,240 Speaker 1: the candidate ever ran on a platform to take away 126 00:07:26,680 --> 00:07:28,520 Speaker 1: or restrict freedoms, as a matter of fact, I can't 127 00:07:28,520 --> 00:07:30,520 Speaker 1: think of any. So I asked chat GBT and I 128 00:07:30,520 --> 00:07:32,840 Speaker 1: asked chat GPT this question, like, hey, when was the 129 00:07:32,880 --> 00:07:34,840 Speaker 1: president that actually ran on a campaign like this? And 130 00:07:34,880 --> 00:07:37,880 Speaker 1: the answer it gave me back was it's never happened, 131 00:07:38,480 --> 00:07:40,440 Speaker 1: and we don't think that it would ever work in 132 00:07:40,440 --> 00:07:43,600 Speaker 1: the Knite States because in a land of freedom, any 133 00:07:43,640 --> 00:07:45,520 Speaker 1: politician that was running on a campaign to take away 134 00:07:45,520 --> 00:07:47,680 Speaker 1: freedoms wouldn't have a chance of winning, which I thought 135 00:07:47,720 --> 00:07:51,400 Speaker 1: was pretty interesting. But I just think about the craziness 136 00:07:51,480 --> 00:07:53,560 Speaker 1: of having and I'm sorry if you fit into this camp, 137 00:07:53,600 --> 00:07:58,720 Speaker 1: but a seventy plus year old person making laws against 138 00:07:58,880 --> 00:08:02,840 Speaker 1: technology that we don't even know how big of a 139 00:08:02,920 --> 00:08:04,559 Speaker 1: change is going to make to the world at this point, 140 00:08:04,840 --> 00:08:08,640 Speaker 1: and they're literally taking a technology they don't understand. Look, 141 00:08:08,800 --> 00:08:10,440 Speaker 1: I think any person over seventy is gonna admit to 142 00:08:10,440 --> 00:08:12,920 Speaker 1: you they don't understand technology that well. And they're trying 143 00:08:12,960 --> 00:08:16,640 Speaker 1: to use their power, their weight, and their misguided age 144 00:08:16,720 --> 00:08:19,680 Speaker 1: to put laws restricting the flow of this technology that 145 00:08:19,760 --> 00:08:22,360 Speaker 1: could have an impact on my kids and my grandkids 146 00:08:22,400 --> 00:08:24,800 Speaker 1: and future generations to come. But also what it does 147 00:08:24,920 --> 00:08:27,960 Speaker 1: continue to destabilize and states as it continues to push 148 00:08:28,000 --> 00:08:29,800 Speaker 1: all of this out of the market. We saw you 149 00:08:30,000 --> 00:08:31,920 Speaker 1: stable coins. I talk about this a lot. They have 150 00:08:31,960 --> 00:08:34,640 Speaker 1: a big, a big need in the market right now 151 00:08:34,679 --> 00:08:36,679 Speaker 1: in this kind of introductory phase that we're in, and 152 00:08:36,720 --> 00:08:42,559 Speaker 1: we've seen the US's favorite stable coin, USDC Circle seeing 153 00:08:42,720 --> 00:08:47,320 Speaker 1: ten billion dollars worth of outflows while tethers market cap 154 00:08:47,400 --> 00:08:50,600 Speaker 1: has gone up by ten billion dollars, and so we 155 00:08:50,679 --> 00:08:52,920 Speaker 1: can see that people are starting to go, hey, look, 156 00:08:52,960 --> 00:08:55,520 Speaker 1: the government's hostile towards me. The US government's hospital me. 157 00:08:55,520 --> 00:08:58,520 Speaker 1: I want to get my money out. That's not a 158 00:08:58,520 --> 00:09:00,959 Speaker 1: good thing. Man. A lot more to cover on this 159 00:09:01,000 --> 00:09:02,319 Speaker 1: subject when I come back. I got to take a 160 00:09:02,360 --> 00:09:03,800 Speaker 1: quick break. If you're just tune in and you're listening 161 00:09:03,800 --> 00:09:06,119 Speaker 1: to the Mark Moss Show, of course we're talking about 162 00:09:06,160 --> 00:09:10,240 Speaker 1: the decentralized revolution and all of that that goes along 163 00:09:10,240 --> 00:09:12,200 Speaker 1: with it. I gotta take a quick break and I'm 164 00:09:12,200 --> 00:09:14,200 Speaker 1: gonna be right back talking more about this Choke point 165 00:09:14,200 --> 00:09:16,920 Speaker 1: two point zero and what is really at stake here. 166 00:09:17,000 --> 00:09:18,199 Speaker 1: You don't want to miss this. I'll be back with 167 00:09:18,240 --> 00:09:20,880 Speaker 1: more a minute. Don't go away, all right, Welcome back. 168 00:09:20,880 --> 00:09:22,280 Speaker 1: If you're just tuning in, you're listening to the Mark 169 00:09:22,280 --> 00:09:24,439 Speaker 1: Mos Show running through some of the latest breaking news 170 00:09:24,440 --> 00:09:27,160 Speaker 1: headlines this week, and we're talking about what's going on 171 00:09:27,200 --> 00:09:29,600 Speaker 1: with this Operation Choke point two point zero and how 172 00:09:29,640 --> 00:09:33,200 Speaker 1: the government is really stepping up its efforts to prevent 173 00:09:33,280 --> 00:09:35,200 Speaker 1: you from moving money in the way that you want. 174 00:09:35,800 --> 00:09:38,720 Speaker 1: We talked about, you know, good old Elizabeth Warren. She's 175 00:09:38,720 --> 00:09:42,240 Speaker 1: trying to run on an anti crypto campaign. The insanity 176 00:09:42,240 --> 00:09:44,560 Speaker 1: of running on a campaign to literally take away Americans 177 00:09:44,600 --> 00:09:46,760 Speaker 1: freedoms doesn't seem like it's gonna work out too well. 178 00:09:47,000 --> 00:09:49,840 Speaker 1: But they're really coming at cryptocurrencies from every angle. But 179 00:09:49,840 --> 00:09:52,679 Speaker 1: they want to seal off the exits. They don't want 180 00:09:52,720 --> 00:09:53,960 Speaker 1: you to be able to get your money out, which 181 00:09:53,960 --> 00:09:56,120 Speaker 1: is why they're telling you. They're warning you this. Treasury 182 00:09:56,160 --> 00:09:59,640 Speaker 1: says that defies used by North Koreans, and the Treasury 183 00:09:59,720 --> 00:10:04,000 Speaker 1: Second Jerry says that it's threatening national security. But as 184 00:10:04,000 --> 00:10:07,040 Speaker 1: they're doing this, we're seeing money moving out of US 185 00:10:07,120 --> 00:10:09,680 Speaker 1: markets and into international markets. As a matter of fact, 186 00:10:09,720 --> 00:10:14,760 Speaker 1: we also saw massive amounts of money leaving what we 187 00:10:14,840 --> 00:10:17,720 Speaker 1: call centralized exchanges where people use like coin base and 188 00:10:17,800 --> 00:10:22,280 Speaker 1: cracking to exchange cryptocurrencies, and moving on to decentralized exchanges 189 00:10:22,520 --> 00:10:25,800 Speaker 1: where people don't have any control over that. But to 190 00:10:25,880 --> 00:10:29,480 Speaker 1: get kind of understand what's going on, you know, I 191 00:10:29,520 --> 00:10:33,360 Speaker 1: think it's important to understand the four functions of money, 192 00:10:33,679 --> 00:10:35,840 Speaker 1: So I talk about all the time. Remember, we don't 193 00:10:35,880 --> 00:10:38,200 Speaker 1: want money, we want the things that money buys us. 194 00:10:38,600 --> 00:10:41,160 Speaker 1: Money is a medium of exchange, and really there's four 195 00:10:41,200 --> 00:10:44,560 Speaker 1: functions of money. So One, it's a store of value. 196 00:10:44,559 --> 00:10:47,560 Speaker 1: So I use money to store my energy, store my 197 00:10:47,679 --> 00:10:50,480 Speaker 1: value so I could use it at a later time 198 00:10:50,760 --> 00:10:52,320 Speaker 1: so I don't have to spend that money today. I 199 00:10:52,320 --> 00:10:54,040 Speaker 1: can use it tomorrow to buy the things that I 200 00:10:54,080 --> 00:10:57,040 Speaker 1: want tomorrow, So it stores my value. Number Two, it's 201 00:10:57,040 --> 00:10:59,559 Speaker 1: it's a medium of exchange. Once I've stored my value 202 00:10:59,600 --> 00:11:01,800 Speaker 1: in it and then I can go buy those things tomorrow, 203 00:11:01,800 --> 00:11:04,200 Speaker 1: I have to be able to exchange it, so I 204 00:11:04,200 --> 00:11:08,599 Speaker 1: want medium exchange. Third, money is a unit of account, 205 00:11:08,840 --> 00:11:11,800 Speaker 1: so we think of everything as priced in dollars. Dollars 206 00:11:11,880 --> 00:11:13,920 Speaker 1: is how we account for everything. How much is that 207 00:11:13,960 --> 00:11:16,480 Speaker 1: house it's one million dollars. How much is that car 208 00:11:16,600 --> 00:11:19,440 Speaker 1: it's one hundred thousand dollars. How much is that hamburger 209 00:11:19,520 --> 00:11:22,640 Speaker 1: it's ten dollars or whatever it is. So that dollar 210 00:11:22,760 --> 00:11:26,800 Speaker 1: is now our unit of account. And ultimately, though, the 211 00:11:26,840 --> 00:11:30,520 Speaker 1: fourth function of money is a system of control, and 212 00:11:30,600 --> 00:11:33,000 Speaker 1: this is what the US government wants. I did a 213 00:11:33,400 --> 00:11:35,520 Speaker 1: video on my main YouTube channel, and I think I 214 00:11:35,520 --> 00:11:37,360 Speaker 1: talked about on the radio as well, talking about how 215 00:11:37,400 --> 00:11:41,360 Speaker 1: the US Treasury is really like the all scene eye 216 00:11:41,400 --> 00:11:43,840 Speaker 1: of Sauron, and what the US Treasury wants is it 217 00:11:43,840 --> 00:11:46,640 Speaker 1: wants to be able to see and not just see 218 00:11:46,640 --> 00:11:51,439 Speaker 1: and surveil, but actually control and intervene in every single 219 00:11:51,559 --> 00:11:56,520 Speaker 1: financial transaction. They want to be like a toll booth 220 00:11:56,559 --> 00:11:59,000 Speaker 1: where everything has to flow through at any given time 221 00:11:59,080 --> 00:12:01,160 Speaker 1: they can put a crimp on it. And that's why 222 00:12:01,240 --> 00:12:04,360 Speaker 1: they want to limit cryptocurrencies where they don't have control 223 00:12:04,440 --> 00:12:07,160 Speaker 1: or surveillance of it. That's why they want to limit gold, 224 00:12:07,320 --> 00:12:09,800 Speaker 1: That's why they want to limit cash because they want 225 00:12:09,800 --> 00:12:11,800 Speaker 1: to be able to see everything and not even just 226 00:12:11,840 --> 00:12:16,040 Speaker 1: see and surveill, but able to control the problem is 227 00:12:16,040 --> 00:12:19,280 Speaker 1: is that money can't really be a good medium of 228 00:12:19,320 --> 00:12:23,680 Speaker 1: exchange if you're not able to exchange that money freely 229 00:12:24,040 --> 00:12:26,920 Speaker 1: with whoever you want. I talk about this all the time. 230 00:12:26,960 --> 00:12:31,160 Speaker 1: I say that without the freedom to transact, there is 231 00:12:31,360 --> 00:12:35,960 Speaker 1: no freedoms. So while our government guarantees us the freedom 232 00:12:36,000 --> 00:12:39,040 Speaker 1: of assembly or the freedom of speech or all these 233 00:12:39,080 --> 00:12:41,760 Speaker 1: other freedoms that were guaranteed, if I am not able 234 00:12:41,800 --> 00:12:45,080 Speaker 1: to transact, if I can't pay to put gas in 235 00:12:45,160 --> 00:12:46,800 Speaker 1: my truck, I can't go to the assembly. Now we 236 00:12:46,840 --> 00:12:50,520 Speaker 1: see this happening in China with their passport, their health 237 00:12:50,520 --> 00:12:53,960 Speaker 1: passport system, and their social credit score system. Several protests 238 00:12:54,000 --> 00:12:56,760 Speaker 1: over the last year in China have erupted, and as 239 00:12:56,800 --> 00:12:59,120 Speaker 1: people are trying to go to those protests by train, 240 00:12:59,200 --> 00:13:01,800 Speaker 1: bus tickets, etc. On their app, it just turns your 241 00:13:01,800 --> 00:13:03,880 Speaker 1: health passport red. And then they're not allowed to buy 242 00:13:03,880 --> 00:13:06,160 Speaker 1: a train ticket or bus ticket anymore. And since they 243 00:13:06,200 --> 00:13:08,840 Speaker 1: can't buy a bus ticket to the protest, they can't 244 00:13:08,920 --> 00:13:12,280 Speaker 1: go peacefully assembly, which in the United States were guaranteed. 245 00:13:12,480 --> 00:13:14,880 Speaker 1: And so without the freedom to transact, there is no freedom. 246 00:13:14,920 --> 00:13:18,920 Speaker 1: And so money can't be a medium exchange if we 247 00:13:19,000 --> 00:13:22,840 Speaker 1: can't use it freely. And what happens is as this 248 00:13:23,080 --> 00:13:26,680 Speaker 1: all scene I of Saron continues to grow, and as 249 00:13:26,720 --> 00:13:32,200 Speaker 1: these new avenues continue to sprout out, bitcoin, cryptocurrencies, cash, etc. 250 00:13:32,679 --> 00:13:35,320 Speaker 1: They have to continue to cramp down on that. Now 251 00:13:35,400 --> 00:13:38,240 Speaker 1: in that video, I talked about how as the corruption 252 00:13:38,360 --> 00:13:41,560 Speaker 1: of the government grows, that people see this and the 253 00:13:41,640 --> 00:13:45,560 Speaker 1: people lash out against that. And so as the corruption grows, 254 00:13:45,600 --> 00:13:47,400 Speaker 1: as the people one who now pushed back on that 255 00:13:47,440 --> 00:13:50,800 Speaker 1: corruption even more, the government has to now clamp down 256 00:13:50,840 --> 00:13:55,000 Speaker 1: even more and so that that corruption continue to spread 257 00:13:55,040 --> 00:13:57,640 Speaker 1: and grow and grow, which is how Elizabeth Warren is 258 00:13:57,640 --> 00:14:02,719 Speaker 1: worth like sixty three million dollars on a public servant salary. Corruption. 259 00:14:03,160 --> 00:14:04,880 Speaker 1: If you don't think she's corrupt, I'd love to hear 260 00:14:04,920 --> 00:14:06,520 Speaker 1: what you think how she got that rich on a 261 00:14:06,559 --> 00:14:09,040 Speaker 1: public servant salary, because I'd share, like to know. Hit 262 00:14:09,040 --> 00:14:10,840 Speaker 1: me up on social media at one mark and let 263 00:14:10,920 --> 00:14:13,240 Speaker 1: me know how you think Elizabeth Warren got so rich. 264 00:14:14,000 --> 00:14:18,439 Speaker 1: But the corruption grows. So what happens is something new 265 00:14:19,280 --> 00:14:25,080 Speaker 1: finally emerges. And that's something new that emerges is starting 266 00:14:25,520 --> 00:14:28,080 Speaker 1: first not as a store of value, but first as 267 00:14:28,080 --> 00:14:32,360 Speaker 1: a medium of exchange. After it becomes a media exchange, 268 00:14:32,520 --> 00:14:37,400 Speaker 1: then it becomes a store of value. Now after it 269 00:14:37,520 --> 00:14:41,720 Speaker 1: evolves from the media exchange first to a secondary now 270 00:14:41,800 --> 00:14:45,640 Speaker 1: store of value, it could potentially maybe could evolve into 271 00:14:45,680 --> 00:14:51,560 Speaker 1: becoming an unimon account, but it will never give the 272 00:14:51,600 --> 00:14:54,840 Speaker 1: government the system of control they want. See, this new 273 00:14:54,920 --> 00:14:58,760 Speaker 1: form of money was designed to be neutral. Nobody can 274 00:14:58,760 --> 00:15:02,480 Speaker 1: control it. It's permissionless, nobody has to have permission to 275 00:15:02,600 --> 00:15:05,480 Speaker 1: join or use it. It's borderless, it doesn't matter which 276 00:15:05,480 --> 00:15:08,200 Speaker 1: country or where in the world you're at. And most importantly, 277 00:15:08,240 --> 00:15:13,160 Speaker 1: it's censorship resistant. Censorship resistant. Remember, because in order to 278 00:15:13,200 --> 00:15:15,800 Speaker 1: be a medium exchange, it has to be able to 279 00:15:15,840 --> 00:15:19,440 Speaker 1: be exchanged freely. In order to have freedom, you need 280 00:15:19,440 --> 00:15:23,080 Speaker 1: that censorship resistant. You can't be censored for transacting. Now, 281 00:15:23,400 --> 00:15:26,280 Speaker 1: you know, the Pocahontas, the Elizabeth Warrens of the world, 282 00:15:26,760 --> 00:15:29,840 Speaker 1: the US Treasury, they're going to tell you that this 283 00:15:29,920 --> 00:15:32,400 Speaker 1: is a danger for the safety, this is a threat 284 00:15:32,400 --> 00:15:36,920 Speaker 1: to national security, and so we have to somehow regulate this. 285 00:15:37,280 --> 00:15:39,080 Speaker 1: So we're gonna do everything we can't to shut this down. 286 00:15:39,160 --> 00:15:42,200 Speaker 1: But of course, what do they have control over when 287 00:15:42,200 --> 00:15:44,840 Speaker 1: it comes to this new form of money like bitcoin. 288 00:15:45,160 --> 00:15:47,640 Speaker 1: They don't have the ability to shut the network down. 289 00:15:47,680 --> 00:15:50,520 Speaker 1: They don't have the ability to censor the transactions or 290 00:15:50,520 --> 00:15:52,160 Speaker 1: control the transaction. So what they try and do is 291 00:15:52,200 --> 00:15:54,760 Speaker 1: they try to control anything they can have, anything they 292 00:15:54,800 --> 00:15:56,800 Speaker 1: do have access to, and what do they have access to, Well, 293 00:15:56,840 --> 00:15:59,160 Speaker 1: that brings us back to Operation choke point two point zero. 294 00:15:59,440 --> 00:16:01,200 Speaker 1: What they have what they have access to is they 295 00:16:01,200 --> 00:16:05,520 Speaker 1: have access to laws, and so they can choke off 296 00:16:05,600 --> 00:16:08,160 Speaker 1: what they have control over, which is exchanges. So they 297 00:16:08,160 --> 00:16:10,200 Speaker 1: can use the long arm of the law, the Securities 298 00:16:10,240 --> 00:16:12,840 Speaker 1: Exchange Comission and go after all these exchanges like coin 299 00:16:12,880 --> 00:16:15,920 Speaker 1: Base got this notice as well as notice and cracking 300 00:16:16,000 --> 00:16:18,160 Speaker 1: and gem and I and all the buinance now is 301 00:16:18,760 --> 00:16:21,760 Speaker 1: under you under threat of being shut down by the DOJ, 302 00:16:22,160 --> 00:16:23,360 Speaker 1: and so they can use the long arm of the 303 00:16:23,400 --> 00:16:26,680 Speaker 1: law to go after the exchanges. Okay, so they're doing that. 304 00:16:26,760 --> 00:16:29,000 Speaker 1: Then they can go after the bank accounts. So now 305 00:16:29,040 --> 00:16:32,960 Speaker 1: they can go to your bank acount and say you can't. 306 00:16:33,680 --> 00:16:35,680 Speaker 1: Now you no longer can you transfer money from your 307 00:16:35,680 --> 00:16:38,320 Speaker 1: bank acount to an exchange anymore. So we're seeing that 308 00:16:38,440 --> 00:16:41,920 Speaker 1: left and right banks are denying wire transfers to companies 309 00:16:41,960 --> 00:16:44,200 Speaker 1: to buy bitcoin, so they can shut that down. They 310 00:16:44,240 --> 00:16:48,360 Speaker 1: can control feat currencies. Basically, they can shut down all 311 00:16:48,440 --> 00:16:51,160 Speaker 1: the on and off ramps. They can prevent you from 312 00:16:51,160 --> 00:16:54,560 Speaker 1: moving money in to bitcoin or cryptome and moving money 313 00:16:54,600 --> 00:16:56,440 Speaker 1: back out by shoulting down they exchanges, shutting the your 314 00:16:56,440 --> 00:16:58,840 Speaker 1: bank acounts, and so forth. But what they can't do 315 00:16:59,240 --> 00:17:01,800 Speaker 1: is shut down the network itself. So what do all 316 00:17:01,840 --> 00:17:05,000 Speaker 1: these people all around the world, and all these millennials 317 00:17:05,000 --> 00:17:09,520 Speaker 1: today who have no money, what do they do? They 318 00:17:09,600 --> 00:17:12,160 Speaker 1: use their creative potential. So I don't have any money 319 00:17:12,200 --> 00:17:14,240 Speaker 1: in the bank anyway. But what I can do is 320 00:17:14,280 --> 00:17:16,840 Speaker 1: I can use my ideas, I can use my creativity, 321 00:17:16,880 --> 00:17:20,440 Speaker 1: I can use my labor, and I can exchange those 322 00:17:20,480 --> 00:17:24,560 Speaker 1: things freely. They're mine labor, creativity. I can exchange this 323 00:17:24,600 --> 00:17:27,800 Speaker 1: freely for bitcoin, and then I'll just stay in bitcoin 324 00:17:28,359 --> 00:17:31,120 Speaker 1: and all my transaction will be done in bitcoin. I'll 325 00:17:31,119 --> 00:17:33,720 Speaker 1: earn in bitcoin, I'll spend in bitcoin. And now you 326 00:17:33,760 --> 00:17:36,920 Speaker 1: can shut down the exits, and who cares because we 327 00:17:37,400 --> 00:17:40,640 Speaker 1: exited the system. If you're just tuning in you're listening 328 00:17:40,680 --> 00:17:42,679 Speaker 1: to the Markmas show. We're talking about, of course, the 329 00:17:42,720 --> 00:17:45,680 Speaker 1: decentralized revolution, talking about the way the government's trying to 330 00:17:45,720 --> 00:17:48,240 Speaker 1: take away the exits. But we can exit the system first. 331 00:17:48,320 --> 00:17:50,000 Speaker 1: I'm gonna come back with some of the more late 332 00:17:50,240 --> 00:17:52,280 Speaker 1: breaking news headlines of this week. You don't want to 333 00:17:52,320 --> 00:17:54,640 Speaker 1: miss this. I got a whole lot more to cover 334 00:17:54,680 --> 00:17:57,400 Speaker 1: because it has been a very, very busy week. Don't 335 00:17:57,400 --> 00:18:01,879 Speaker 1: go away, I'm want to be right back. Hello and 336 00:18:01,960 --> 00:18:04,919 Speaker 1: welcome back. You're listening to the Mark Moss Show. We 337 00:18:04,920 --> 00:18:07,280 Speaker 1: talk about the decentralized revolution, talking about the way the 338 00:18:07,280 --> 00:18:09,640 Speaker 1: world is changing right before our very eyes. And we're 339 00:18:09,680 --> 00:18:11,840 Speaker 1: running through some of the latest breaking news this week 340 00:18:11,880 --> 00:18:13,840 Speaker 1: so we can just see the signposts of the way 341 00:18:14,080 --> 00:18:17,399 Speaker 1: the world is changing. And man is changing fast. You know, 342 00:18:18,000 --> 00:18:22,760 Speaker 1: we're starting to see the effects of the policies that 343 00:18:22,800 --> 00:18:27,119 Speaker 1: are being done to change the world. Like literally, you know, 344 00:18:28,480 --> 00:18:32,760 Speaker 1: seeing the rise of American acceptualism and the rise of 345 00:18:32,800 --> 00:18:37,240 Speaker 1: the sparkling cities that showed the wealth and creativity of 346 00:18:37,240 --> 00:18:39,240 Speaker 1: the United States to the rest of the world. We're 347 00:18:39,280 --> 00:18:43,240 Speaker 1: now seeing the exact opposite. And now the cities that were, 348 00:18:44,480 --> 00:18:46,280 Speaker 1: as I said, shining examples to the rest of the 349 00:18:46,320 --> 00:18:51,200 Speaker 1: world of American acceptualism have now turned into be examples 350 00:18:51,440 --> 00:18:54,119 Speaker 1: of policy has gone bad. Now. The thing that just 351 00:18:54,240 --> 00:18:56,639 Speaker 1: drives me crazy is that typically what you do is 352 00:18:56,680 --> 00:19:00,760 Speaker 1: you look back at previous history and see what worked 353 00:19:00,760 --> 00:19:02,960 Speaker 1: and what didn't work, and then you're supposed to do 354 00:19:03,080 --> 00:19:06,399 Speaker 1: more of what worked and do less of what didn't work. 355 00:19:07,960 --> 00:19:10,840 Speaker 1: But it seems like the people making the laws and 356 00:19:10,920 --> 00:19:14,560 Speaker 1: regulations are doing the exact opposite. Now, I'm typically one 357 00:19:14,640 --> 00:19:19,359 Speaker 1: that tends to try to lean more towards stupidity than 358 00:19:20,600 --> 00:19:24,320 Speaker 1: you know, incompetence over evil. Maybe it's just me because 359 00:19:24,320 --> 00:19:26,920 Speaker 1: I'd like to believe the best in people, but unfortunately 360 00:19:26,920 --> 00:19:30,040 Speaker 1: that's just not the way it seems to work. You know, 361 00:19:30,200 --> 00:19:33,160 Speaker 1: we see that these big cities have been taken over 362 00:19:33,200 --> 00:19:40,040 Speaker 1: by extremist district attorneys. One of their big plans is 363 00:19:40,080 --> 00:19:44,919 Speaker 1: to not prosecute crimes. And the big problem with that 364 00:19:45,040 --> 00:19:46,720 Speaker 1: is that the law. No one is supposed to be 365 00:19:46,800 --> 00:19:48,520 Speaker 1: of the law above the law. You hear the Democrats 366 00:19:48,520 --> 00:19:50,880 Speaker 1: talking about this with the prosecution of Donald Trump, which 367 00:19:50,880 --> 00:19:53,040 Speaker 1: I don't really want to get into too much, but 368 00:19:53,880 --> 00:19:57,359 Speaker 1: that is accurate. Nobody should be above the law. The 369 00:19:57,560 --> 00:20:01,479 Speaker 1: law is supposed to apply to every equally, and the 370 00:20:01,480 --> 00:20:04,960 Speaker 1: problem is that the laws applied arbitrarily, and so we 371 00:20:05,080 --> 00:20:08,000 Speaker 1: have these cities that have become soft on crime. They 372 00:20:08,000 --> 00:20:09,800 Speaker 1: want to defund the police and all these things and 373 00:20:09,800 --> 00:20:12,240 Speaker 1: we're now seeing the effects of those things. As a 374 00:20:12,240 --> 00:20:14,760 Speaker 1: matter of fact, one of the best cities in the world, 375 00:20:14,800 --> 00:20:17,639 Speaker 1: one of the most expensive cities in the entire world, 376 00:20:17,720 --> 00:20:21,320 Speaker 1: San Francisco has turned into, as Elon Musk labeled it 377 00:20:21,400 --> 00:20:26,440 Speaker 1: this week, the city of the walking Dead. Elon must 378 00:20:26,480 --> 00:20:29,320 Speaker 1: said that the Silicon Valley looks at like a doom loop. 379 00:20:29,720 --> 00:20:33,760 Speaker 1: So the situation in downtown San Francisco is quote extremely concerning, 380 00:20:34,200 --> 00:20:36,600 Speaker 1: he said, quote violent crime in San Francisco is horrific, 381 00:20:36,640 --> 00:20:40,520 Speaker 1: and even if attackers are caught, they're often released immediately 382 00:20:41,000 --> 00:20:43,959 Speaker 1: end quote. And of course he tagged the district attorney there, 383 00:20:44,040 --> 00:20:47,320 Speaker 1: Brook Jenkins, and his tweet. Now Brooke Jenkins took over. 384 00:20:47,400 --> 00:20:49,800 Speaker 1: I believe it was Gascon that was there before him, 385 00:20:50,080 --> 00:20:52,879 Speaker 1: which Gascon went to La and is now doing the 386 00:20:52,920 --> 00:20:55,800 Speaker 1: same thing in La that happened to San Francisco. But 387 00:20:55,920 --> 00:20:58,760 Speaker 1: we can see what these policies of being weak on 388 00:20:58,880 --> 00:21:02,360 Speaker 1: crime have done, and it's destroyed one of the most 389 00:21:02,400 --> 00:21:06,240 Speaker 1: beautiful cities we saw. In contrast to this, down in 390 00:21:06,280 --> 00:21:09,800 Speaker 1: El Salvador, President Buchayley has been very, very tough on crime, 391 00:21:09,800 --> 00:21:11,400 Speaker 1: and he's been taking a lot of flak for people 392 00:21:11,400 --> 00:21:14,040 Speaker 1: all around the world because he's put a lot of 393 00:21:14,040 --> 00:21:16,720 Speaker 1: people behind bars, and maybe a lot of these people 394 00:21:16,840 --> 00:21:20,359 Speaker 1: haven't had their due process. But what he's done is 395 00:21:20,440 --> 00:21:24,359 Speaker 1: he's taken away crime and he's created an environment that 396 00:21:24,440 --> 00:21:27,119 Speaker 1: people love to live in. Look, it doesn't matter if 397 00:21:27,119 --> 00:21:29,280 Speaker 1: you're left or right, Republican Democrat, it doesn't matter if 398 00:21:29,280 --> 00:21:32,040 Speaker 1: you're a natural born citizen or an immigrant. Most of 399 00:21:32,080 --> 00:21:33,520 Speaker 1: the people that have come to the United States have 400 00:21:33,560 --> 00:21:36,760 Speaker 1: come for opportunity, but they've also come because the countries 401 00:21:36,800 --> 00:21:39,960 Speaker 1: they've come from are war torn or violent. So you're 402 00:21:39,960 --> 00:21:43,600 Speaker 1: either a Syrian refugee or you've come from like Venezuela 403 00:21:43,640 --> 00:21:47,679 Speaker 1: where the violence is so bad. Nobody wants to live 404 00:21:47,800 --> 00:21:51,359 Speaker 1: in violence. Nobody wants to live in crime. And that's 405 00:21:51,400 --> 00:21:54,560 Speaker 1: exactly what's happening. And it really boiled over this week 406 00:21:56,560 --> 00:21:59,399 Speaker 1: where we saw a tech executive, Bob Lee. He's the 407 00:21:59,440 --> 00:22:01,560 Speaker 1: founder of cash app, one of the most one of 408 00:22:01,600 --> 00:22:04,240 Speaker 1: the most popular, one of the fastest growing digital payment 409 00:22:04,280 --> 00:22:07,040 Speaker 1: apps in the world. Bobby, the founder of cash app, 410 00:22:07,080 --> 00:22:10,560 Speaker 1: was found dead after an apparent stabbing in San Francisco, 411 00:22:12,320 --> 00:22:15,320 Speaker 1: and they indicate no arrests have been made, and you 412 00:22:15,359 --> 00:22:17,439 Speaker 1: know they're investigating, but they're probably not going to find anything. 413 00:22:17,760 --> 00:22:20,280 Speaker 1: But San Francisco has been grappling with all of this 414 00:22:20,520 --> 00:22:24,160 Speaker 1: type of crime, a massive uptick in crime as it's 415 00:22:24,200 --> 00:22:26,520 Speaker 1: trying to bounce back from the pandemic. But you don't 416 00:22:26,560 --> 00:22:30,200 Speaker 1: have to look any further than at the policies. Turns 417 00:22:30,200 --> 00:22:33,200 Speaker 1: out if you don't prosecute crimes, people tend to do 418 00:22:33,359 --> 00:22:34,959 Speaker 1: more of them. As a matter of fact, we can 419 00:22:35,000 --> 00:22:40,439 Speaker 1: see in San Francisco just this year, we see an 420 00:22:40,520 --> 00:22:45,760 Speaker 1: uptick of twenty percent twenty percent increasing in crime compared 421 00:22:45,800 --> 00:22:48,200 Speaker 1: to the exact same time period in the previous year. 422 00:22:49,040 --> 00:22:52,080 Speaker 1: In total, there were fifty six homicides in San Francisco 423 00:22:52,080 --> 00:22:55,639 Speaker 1: in twenty twenty two, which is the exact same amount 424 00:22:55,680 --> 00:22:59,040 Speaker 1: of homicides cities on twenty twenty one. And we're already too, 425 00:23:00,240 --> 00:23:03,000 Speaker 1: we're already over that number. We're on pace to beat 426 00:23:03,040 --> 00:23:06,760 Speaker 1: that number. And it's not just San Francisco. As a 427 00:23:06,800 --> 00:23:09,479 Speaker 1: matter of fact, in New York were seeing the same thing. 428 00:23:09,480 --> 00:23:11,280 Speaker 1: As a matter of fact, the study shows that seventy 429 00:23:11,320 --> 00:23:14,679 Speaker 1: two percent of New York City violent crime suspects are 430 00:23:14,720 --> 00:23:19,320 Speaker 1: freed without bail and they go on to commit even 431 00:23:19,400 --> 00:23:23,080 Speaker 1: more crime. Forty seven percent of New York City, suspects 432 00:23:23,080 --> 00:23:27,800 Speaker 1: previously charged with felonies were re arrested for crimes, including 433 00:23:27,840 --> 00:23:32,080 Speaker 1: more than thirty one percent of whom were rearrested for felonies. 434 00:23:33,119 --> 00:23:37,160 Speaker 1: So again, turns out if you don't punish crime, people 435 00:23:37,359 --> 00:23:41,040 Speaker 1: tend to do more of it. More than seventeen percent 436 00:23:41,080 --> 00:23:43,880 Speaker 1: of people re arrested for violent crimes and almost four 437 00:23:43,920 --> 00:23:49,120 Speaker 1: percent re arrested for firearm charges. In all three categories felonies, 438 00:23:49,240 --> 00:23:53,200 Speaker 1: violent crimes, and firearm charges, suspects at a higher rate 439 00:23:53,240 --> 00:23:57,119 Speaker 1: of re arrest after they are released without bail than 440 00:23:57,160 --> 00:24:00,200 Speaker 1: those who were arrested and required to post bail before 441 00:24:00,200 --> 00:24:04,160 Speaker 1: the new law went into effect. Surprise, surprise, turns out 442 00:24:04,200 --> 00:24:07,520 Speaker 1: when you actually punish it, you get less of it. 443 00:24:07,440 --> 00:24:09,880 Speaker 1: It's one of the reasons why I saw President Ukeley. 444 00:24:09,960 --> 00:24:14,159 Speaker 1: He was on Tyler Carlson a few months ago, and 445 00:24:14,240 --> 00:24:18,520 Speaker 1: he said, he said, Hey, I'm from El Salvador. We're 446 00:24:18,560 --> 00:24:21,920 Speaker 1: a third world country. We've been a very violent third 447 00:24:21,960 --> 00:24:24,280 Speaker 1: world country, and some of these big cities in the 448 00:24:24,320 --> 00:24:27,560 Speaker 1: United States I don't even want to go to. And 449 00:24:27,680 --> 00:24:34,720 Speaker 1: this is all unfortunately leading into the decline of you know, 450 00:24:34,760 --> 00:24:39,240 Speaker 1: the United States and ultimately the decline of the global 451 00:24:39,400 --> 00:24:41,359 Speaker 1: world order, which of course we talk about each and 452 00:24:41,359 --> 00:24:45,440 Speaker 1: every week here the decentralized revolution that we're going into. 453 00:24:45,960 --> 00:24:48,879 Speaker 1: It turns out when you have these type of policies, 454 00:24:49,119 --> 00:24:51,600 Speaker 1: things tend to break down. It turns out when you 455 00:24:51,960 --> 00:24:55,800 Speaker 1: incentivize people to do things like this, you get more 456 00:24:55,880 --> 00:24:58,439 Speaker 1: of it. I also saw a story this week. It 457 00:24:58,520 --> 00:25:01,720 Speaker 1: was talking about the if you guys were there was 458 00:25:01,760 --> 00:25:07,840 Speaker 1: the protest that were happening in was it wa Kosha 459 00:25:08,080 --> 00:25:11,119 Speaker 1: I believe where Kyle Rittenhouse was being charged for defending 460 00:25:11,160 --> 00:25:19,639 Speaker 1: the property and somebody, some extreme person decided to drive 461 00:25:19,720 --> 00:25:23,160 Speaker 1: their car through the crowd and injured like sixty people 462 00:25:23,240 --> 00:25:25,200 Speaker 1: or something like that, killed I don't know, a dozen 463 00:25:25,200 --> 00:25:27,080 Speaker 1: people something like that, don't quote me on the number. 464 00:25:28,080 --> 00:25:32,520 Speaker 1: And they did that after being released with no bail 465 00:25:32,960 --> 00:25:38,040 Speaker 1: on a previous violent crime. Now the DA said, look, 466 00:25:38,160 --> 00:25:41,119 Speaker 1: we knew when we put these laws into place, we 467 00:25:41,200 --> 00:25:43,040 Speaker 1: knew that there would be people released that would go 468 00:25:43,080 --> 00:25:47,399 Speaker 1: on to do more crimes. But how is that okay? 469 00:25:47,840 --> 00:25:50,879 Speaker 1: It's not okay. But this is where we're at in 470 00:25:50,920 --> 00:25:53,720 Speaker 1: the late stage of society. We see the breakdown in 471 00:25:53,880 --> 00:25:58,119 Speaker 1: society and I don't I don't want to talk a 472 00:25:58,119 --> 00:26:00,320 Speaker 1: whole lot about the Donald Trump situation, but that's a 473 00:26:00,359 --> 00:26:03,680 Speaker 1: similar situation where we have the rule of law being 474 00:26:03,800 --> 00:26:08,080 Speaker 1: used arbitrarily as opposed to unilaterally. Right. You see, laws 475 00:26:08,119 --> 00:26:10,840 Speaker 1: are supposed to be the same for everybody, and they're 476 00:26:10,880 --> 00:26:12,879 Speaker 1: supposed to be set in stone. So I can set 477 00:26:13,000 --> 00:26:15,320 Speaker 1: my life and plan my life based on loans and 478 00:26:15,359 --> 00:26:17,040 Speaker 1: so can you. So for example, if we were both 479 00:26:17,080 --> 00:26:21,200 Speaker 1: playing basketball, the rules of basketball applied to us both equally. 480 00:26:21,240 --> 00:26:23,080 Speaker 1: You may be taller or faster, I may be shorter 481 00:26:23,280 --> 00:26:25,399 Speaker 1: or whatever, but it doesn't matter. I may have to 482 00:26:25,400 --> 00:26:27,360 Speaker 1: play the game a little bit different, but the rules 483 00:26:27,520 --> 00:26:32,119 Speaker 1: still apply to us, and the rules don't change. And 484 00:26:32,160 --> 00:26:34,600 Speaker 1: I believe that's one of the reasons why we look 485 00:26:34,640 --> 00:26:37,399 Speaker 1: at basketball. People love sports, and even when you're like 486 00:26:37,480 --> 00:26:39,520 Speaker 1: Lebron James and the best basketball player and you paid 487 00:26:39,520 --> 00:26:42,840 Speaker 1: the most, nobody hates him for that because everybody sees 488 00:26:42,880 --> 00:26:47,600 Speaker 1: the rules are fair. But in our society today, people 489 00:26:47,640 --> 00:26:50,199 Speaker 1: look at the rich people with contempt. People look at 490 00:26:50,480 --> 00:26:53,159 Speaker 1: the at these rich people contempt because they see the 491 00:26:53,280 --> 00:26:58,720 Speaker 1: rules as being unfair because they are. You see, when 492 00:26:58,720 --> 00:27:02,159 Speaker 1: you fertilize in water or a lawn, the grass grows unevenly. 493 00:27:03,200 --> 00:27:05,000 Speaker 1: The only way to get the grass to all be 494 00:27:05,280 --> 00:27:10,720 Speaker 1: even is to cut it all down. And so that 495 00:27:10,920 --> 00:27:13,560 Speaker 1: is exactly kind of where we're at right now. Rather 496 00:27:13,600 --> 00:27:16,960 Speaker 1: than allowing people to prosper based off of uniform laws, 497 00:27:16,960 --> 00:27:20,760 Speaker 1: it's being arbitrarily applied. If you're just tuning in and and 498 00:27:20,840 --> 00:27:22,280 Speaker 1: listening to the Mark Moa Show, we're talking about some 499 00:27:22,320 --> 00:27:24,679 Speaker 1: of the latest breaking news headlines this week. I got 500 00:27:24,720 --> 00:27:26,440 Speaker 1: a couple more to go that are really big, saving 501 00:27:26,440 --> 00:27:27,840 Speaker 1: the best for last. To be back in a minute 502 00:27:28,000 --> 00:27:35,040 Speaker 1: with more. Don't go away, We're back. Hello and welcome back. 503 00:27:35,080 --> 00:27:37,320 Speaker 1: If you're just studing in, you're listening to the markmas Show. 504 00:27:37,320 --> 00:27:40,080 Speaker 1: Of course, we're talking about the decentralized revolution like we 505 00:27:40,119 --> 00:27:42,080 Speaker 1: do each and every week, and we're running through some 506 00:27:42,119 --> 00:27:45,639 Speaker 1: of the latest breaking news headlines so you can stay 507 00:27:45,720 --> 00:27:47,600 Speaker 1: up on what is going on. And there's a lot 508 00:27:47,640 --> 00:27:51,560 Speaker 1: going on specifically well around every area of the market. 509 00:27:51,600 --> 00:27:53,679 Speaker 1: You know, one thing that I've been keeping my eye 510 00:27:53,720 --> 00:27:55,720 Speaker 1: on we talked about in an earlier segment, went deep 511 00:27:55,720 --> 00:27:58,920 Speaker 1: into the death of the dollar and what that means, 512 00:27:58,920 --> 00:28:01,639 Speaker 1: and we talked about the you know, the breakup of 513 00:28:01,640 --> 00:28:03,399 Speaker 1: OPEC or not the breakup, but I should say, the 514 00:28:03,440 --> 00:28:05,439 Speaker 1: attack of OPEC against the United States and what the 515 00:28:05,440 --> 00:28:08,840 Speaker 1: FED is doing and how that will lead to more inflation. 516 00:28:08,880 --> 00:28:11,400 Speaker 1: We talked about the rise of the bricks nations and 517 00:28:11,440 --> 00:28:13,880 Speaker 1: how they're starting to trade outside the US dollar and 518 00:28:13,920 --> 00:28:15,919 Speaker 1: what that means. And there's a couple of things in 519 00:28:15,960 --> 00:28:18,040 Speaker 1: there that I think are pretty important to understand. But 520 00:28:18,119 --> 00:28:20,399 Speaker 1: more specifically when we look at it in regards to 521 00:28:21,000 --> 00:28:23,240 Speaker 1: in the United States and what's happening with our economy 522 00:28:23,320 --> 00:28:27,240 Speaker 1: and our markets. You know, one of the biggest bell 523 00:28:27,320 --> 00:28:31,000 Speaker 1: weathers to the economy and what we would expect for 524 00:28:31,040 --> 00:28:33,880 Speaker 1: inflation would be gold. Gold has been around for over 525 00:28:33,960 --> 00:28:37,200 Speaker 1: five thousand years and it's made a lot of waves 526 00:28:37,200 --> 00:28:40,120 Speaker 1: this week as it reached it's all time high, passing 527 00:28:40,200 --> 00:28:43,000 Speaker 1: the two thousand dollars level, which has been pretty amazing 528 00:28:43,080 --> 00:28:47,000 Speaker 1: to watch. The thing that's important to understand with gold 529 00:28:47,040 --> 00:28:50,520 Speaker 1: reaching that level is that gold goes up in times 530 00:28:50,520 --> 00:28:54,000 Speaker 1: of high inflation, which you've been having. But ultimately it's 531 00:28:54,040 --> 00:28:59,680 Speaker 1: not just inflation, it's real rates. And so when the 532 00:29:00,040 --> 00:29:05,160 Speaker 1: head has been raising rates and the dollar has become stronger, 533 00:29:05,600 --> 00:29:09,000 Speaker 1: we're seeing gold go up at the same time. Now 534 00:29:09,040 --> 00:29:12,200 Speaker 1: that is very uncommon. We don't typically see that happening, 535 00:29:12,360 --> 00:29:16,040 Speaker 1: and I think it's important to understand why a lot 536 00:29:16,080 --> 00:29:18,760 Speaker 1: of that is coming. Because what we're seeing is the 537 00:29:18,800 --> 00:29:22,440 Speaker 1: market is having a loss of confidence in the US dollars. 538 00:29:22,480 --> 00:29:25,400 Speaker 1: So even though the dollar is trading strong, we're seeing 539 00:29:25,440 --> 00:29:28,120 Speaker 1: what's happening all over the world. Now it's important to 540 00:29:28,160 --> 00:29:32,280 Speaker 1: understand as well that you know, it's important to understand 541 00:29:32,560 --> 00:29:37,160 Speaker 1: that while we live in a US centric worldview, meaning 542 00:29:37,240 --> 00:29:39,480 Speaker 1: that if we're living in Ed States, but even if 543 00:29:39,520 --> 00:29:41,720 Speaker 1: you're not, the dollar is the reserve currency the world, 544 00:29:41,720 --> 00:29:43,600 Speaker 1: and the financial markets do make up the majority of 545 00:29:43,640 --> 00:29:46,760 Speaker 1: the financial markets in the world. But gold is a 546 00:29:46,800 --> 00:29:50,480 Speaker 1: global asset. Gold is in demand all over the world. 547 00:29:50,920 --> 00:29:54,360 Speaker 1: Gold is being added by central banks all over the world. 548 00:29:55,360 --> 00:29:58,400 Speaker 1: And so just because things in the US might be 549 00:29:58,520 --> 00:30:01,400 Speaker 1: under control, might not be under control. We're seeing demand 550 00:30:01,480 --> 00:30:05,120 Speaker 1: happening globally. We're seeing currencies drop left and right, whether 551 00:30:05,160 --> 00:30:08,400 Speaker 1: that be in Lebanon or Turkey or Venezuela, Argentina. And 552 00:30:08,600 --> 00:30:11,560 Speaker 1: as these currencies drop, people have to go into something else. 553 00:30:11,800 --> 00:30:13,960 Speaker 1: So what do they go into. Well, if they can 554 00:30:14,000 --> 00:30:15,600 Speaker 1: go into dollars, a lot of them might try and 555 00:30:15,640 --> 00:30:18,040 Speaker 1: do that. Otherwise gold might be a good option. We're 556 00:30:18,040 --> 00:30:22,320 Speaker 1: seeing bitcoin being an option there as well. But this 557 00:30:22,440 --> 00:30:25,560 Speaker 1: is I believe, a big shift in what we're seeing 558 00:30:25,640 --> 00:30:28,160 Speaker 1: in the world. But more importantly, not just where the 559 00:30:28,160 --> 00:30:30,720 Speaker 1: strength of the dollars, but it's the confidence of the 560 00:30:30,800 --> 00:30:33,520 Speaker 1: dollar that's a big deal. And I think part of 561 00:30:33,520 --> 00:30:35,840 Speaker 1: that is also based off of what we're seeing happening 562 00:30:35,960 --> 00:30:39,640 Speaker 1: in the United States as far as the reports that 563 00:30:39,680 --> 00:30:43,320 Speaker 1: are coming out in the economy. We saw the Jolts 564 00:30:43,400 --> 00:30:46,280 Speaker 1: Report come out, which is the job analyst report to 565 00:30:46,320 --> 00:30:49,560 Speaker 1: see what's going on, and it's not good. As a 566 00:30:49,560 --> 00:30:53,120 Speaker 1: matter of fact. It shows some hard times ahead. You know, 567 00:30:53,200 --> 00:30:56,160 Speaker 1: I've talked about chat gbt before. I've been using it 568 00:30:56,200 --> 00:30:57,600 Speaker 1: quite a bit. Hopefully you guys have been using it 569 00:30:57,600 --> 00:31:00,000 Speaker 1: as well. I made a video my main YouTube channel 570 00:31:00,120 --> 00:31:05,320 Speaker 1: talking about using chat gbt for an investment advisor. I'll 571 00:31:05,320 --> 00:31:07,360 Speaker 1: go check that out my main YouTube channel if you're interested. 572 00:31:07,680 --> 00:31:09,800 Speaker 1: But I've been using a lot. Yesterday I was out 573 00:31:09,840 --> 00:31:11,840 Speaker 1: here using it for all types of things. I was 574 00:31:11,880 --> 00:31:14,560 Speaker 1: trying to search for a kind of using it as 575 00:31:14,640 --> 00:31:16,680 Speaker 1: a as a teacher. So rather than coming through a 576 00:31:16,760 --> 00:31:19,360 Speaker 1: hundred websites, can give you very concise answers and I 577 00:31:19,360 --> 00:31:21,360 Speaker 1: saw this report this week. This news article came out 578 00:31:21,360 --> 00:31:26,760 Speaker 1: where a Goldman Sachs trader basically took the Jolts Report, 579 00:31:26,800 --> 00:31:29,600 Speaker 1: the jobs report that came out, and he wanted to 580 00:31:29,600 --> 00:31:32,520 Speaker 1: see if the AI of chat GBT could actually replace 581 00:31:32,680 --> 00:31:36,080 Speaker 1: what Wall Street economists are doing, and he uploaded the 582 00:31:36,160 --> 00:31:38,720 Speaker 1: Jolts Report and asked it to provide an analysis and 583 00:31:38,800 --> 00:31:43,000 Speaker 1: an assessment of this report. And the results that chat 584 00:31:43,000 --> 00:31:47,440 Speaker 1: GPT came out with were pretty interesting, to say the least. 585 00:31:47,440 --> 00:31:51,280 Speaker 1: As a matter of fact, chat GBT said that quote, 586 00:31:51,680 --> 00:31:55,400 Speaker 1: we are all on borrowed time, which of course we 587 00:31:55,440 --> 00:31:57,719 Speaker 1: already knew that, but it's interesting to see chat GBT 588 00:31:57,880 --> 00:32:00,320 Speaker 1: come out with that and tell us that. So why 589 00:32:00,480 --> 00:32:02,400 Speaker 1: is that? What were some of the points that chat 590 00:32:02,440 --> 00:32:05,800 Speaker 1: GBD came out with the determined that we're on borrow time. Well, one, 591 00:32:05,880 --> 00:32:09,320 Speaker 1: it said that the data in that report is consistent 592 00:32:09,640 --> 00:32:14,880 Speaker 1: with a decelerating economy, meaning things are slowing down. Surprise surprise, 593 00:32:15,000 --> 00:32:18,160 Speaker 1: fourth were to do that going into like a recession, 594 00:32:18,440 --> 00:32:20,240 Speaker 1: and so that's exactly what it said. So it showed 595 00:32:20,320 --> 00:32:24,720 Speaker 1: one the decrease in job openings. So what we saw 596 00:32:24,960 --> 00:32:29,440 Speaker 1: is that the total amount of private job openings went down. Now, 597 00:32:29,480 --> 00:32:33,040 Speaker 1: what that means is that fewer opportunities for job seekers 598 00:32:33,520 --> 00:32:38,640 Speaker 1: is typically typically represents slower growth. So obviously, if things 599 00:32:38,640 --> 00:32:41,080 Speaker 1: are growing, if more people are shopping at my store, 600 00:32:41,120 --> 00:32:43,120 Speaker 1: buying my product or service, I have to hire more 601 00:32:43,120 --> 00:32:46,880 Speaker 1: people obviously, So if things are slowing down, I'm not 602 00:32:46,960 --> 00:32:49,680 Speaker 1: hiring anybody, or if I'm worried about where things are going, 603 00:32:49,840 --> 00:32:52,840 Speaker 1: I'm not hiring anybody. The second thing, the second data 604 00:32:52,880 --> 00:32:55,680 Speaker 1: point that it pulled up was the decrease in hires. 605 00:32:56,160 --> 00:32:59,280 Speaker 1: So the total amount of private hires has decreased as well, 606 00:32:59,280 --> 00:33:02,200 Speaker 1: by one hundred five thousand, and that indicates that companies 607 00:33:02,240 --> 00:33:06,560 Speaker 1: are cautious about expanding their workforce. So the decrease in 608 00:33:06,640 --> 00:33:10,360 Speaker 1: hires and the decreasing job sort of the same. If 609 00:33:10,400 --> 00:33:12,760 Speaker 1: you're uncertain about the future, you don't want to take 610 00:33:12,800 --> 00:33:14,880 Speaker 1: on new employees. You're trying to keep your costs low, 611 00:33:15,360 --> 00:33:18,440 Speaker 1: not expand those costs. The third thing data point that 612 00:33:18,480 --> 00:33:22,360 Speaker 1: it pulled was the decrease in layoffs and discharges, which 613 00:33:22,360 --> 00:33:24,520 Speaker 1: is kind of weird. You would think that typically a 614 00:33:24,680 --> 00:33:28,600 Speaker 1: decrease in layoffs or discharges will be a positive sign 615 00:33:28,640 --> 00:33:31,680 Speaker 1: for the economy, right. I mean, if you're hanging onto 616 00:33:31,720 --> 00:33:35,600 Speaker 1: workers and things must be pretty good. But when you 617 00:33:35,680 --> 00:33:38,960 Speaker 1: combine it with the decrease in job openings and hires, 618 00:33:39,280 --> 00:33:42,480 Speaker 1: it could suggest that companies are actually more hesitant to 619 00:33:42,560 --> 00:33:45,440 Speaker 1: let employees go due to the uncertainty of finding new 620 00:33:45,560 --> 00:33:49,320 Speaker 1: hires in a slowing economy. So it's pretty interesting to 621 00:33:49,360 --> 00:33:51,480 Speaker 1: see that. Of course we've already known that, but that's 622 00:33:51,560 --> 00:33:54,440 Speaker 1: exactly where things are going. The job support isn't good. 623 00:33:54,680 --> 00:33:56,760 Speaker 1: The future of the economy is looking pretty bad. And 624 00:33:56,800 --> 00:33:59,040 Speaker 1: like I said, as chat GPD said, we are living 625 00:33:59,200 --> 00:34:04,600 Speaker 1: on borrowed time now. In addition to that, at a 626 00:34:04,640 --> 00:34:07,400 Speaker 1: time when the economy is slowing down, which isn't good. 627 00:34:08,360 --> 00:34:10,800 Speaker 1: That's your income. So there's two sides, right, your income, 628 00:34:10,840 --> 00:34:13,560 Speaker 1: any of your expenses. On the income side that looks 629 00:34:13,600 --> 00:34:15,560 Speaker 1: to be slowing down, going down, which of course what 630 00:34:15,600 --> 00:34:18,720 Speaker 1: the FED wants. The FED is trying to crush demand 631 00:34:18,719 --> 00:34:22,080 Speaker 1: by raising rates. Their goal is to have unemployment go up. 632 00:34:22,520 --> 00:34:25,279 Speaker 1: I played you a clip of two weeks ago of 633 00:34:25,680 --> 00:34:29,440 Speaker 1: I believe Senator Kennedy and maybe both Elizabeth Warren basically 634 00:34:29,560 --> 00:34:32,160 Speaker 1: grill into r own power and said, look, your goal 635 00:34:32,200 --> 00:34:35,279 Speaker 1: is to increase unemployment, right, yes, okay, you want to 636 00:34:35,320 --> 00:34:37,600 Speaker 1: go from three and a half to five percent, right, yes, okay, 637 00:34:37,719 --> 00:34:42,960 Speaker 1: that means two million people will lose their job. They said, 638 00:34:42,960 --> 00:34:44,239 Speaker 1: what do you want to say to those two million 639 00:34:44,280 --> 00:34:47,120 Speaker 1: people are gonna lose your job? And Drome Powell is like, well, 640 00:34:47,120 --> 00:34:49,640 Speaker 1: you know, it's important to bring prices down. It's like, well, 641 00:34:49,920 --> 00:34:52,000 Speaker 1: what about those two million people that can't afford to 642 00:34:52,000 --> 00:34:55,480 Speaker 1: pay their bills anymore? So their goal is to make 643 00:34:55,520 --> 00:34:58,080 Speaker 1: you unemployed or to bring your wages down so you 644 00:34:58,200 --> 00:35:02,319 Speaker 1: make less money. But as they're doing their best to 645 00:35:02,480 --> 00:35:05,399 Speaker 1: make you poor so you make less money, prices are 646 00:35:05,520 --> 00:35:06,920 Speaker 1: going up. As a matter of fact, I saw this 647 00:35:06,920 --> 00:35:10,919 Speaker 1: headline this week that shows inflations inventory gluts are here 648 00:35:10,960 --> 00:35:14,920 Speaker 1: to stay in our plan to hit bottom line in 649 00:35:14,960 --> 00:35:18,319 Speaker 1: a weaker economy. So it says that only one third 650 00:35:18,320 --> 00:35:22,080 Speaker 1: of supply chain managers think that warehouse inventories will return 651 00:35:22,280 --> 00:35:25,040 Speaker 1: back to normal this year. So this is one of 652 00:35:25,080 --> 00:35:26,440 Speaker 1: the things that I've been saying a lot. Right, The 653 00:35:26,440 --> 00:35:29,719 Speaker 1: FED is trying to bring inflation down by attacking the 654 00:35:29,760 --> 00:35:33,480 Speaker 1: demand side of the equation. Remember, prices are an equilibrium 655 00:35:33,480 --> 00:35:37,120 Speaker 1: of supply and demand. So if there's more demand than 656 00:35:37,120 --> 00:35:38,880 Speaker 1: there is supply, prices go up, so they're trying to 657 00:35:38,920 --> 00:35:41,640 Speaker 1: crush the demand. The problem is that the problem with 658 00:35:41,680 --> 00:35:43,960 Speaker 1: inflation hasn't been so much on the demand side of 659 00:35:43,960 --> 00:35:47,719 Speaker 1: the equation. It's been on the supply side of the equation. 660 00:35:48,719 --> 00:35:50,840 Speaker 1: And they haven't done anything to address the supply side. 661 00:35:50,840 --> 00:35:53,040 Speaker 1: And basically what this report is saying right here, there's 662 00:35:53,040 --> 00:35:55,680 Speaker 1: only one third of supply chain managers think that supplies 663 00:35:55,880 --> 00:36:00,279 Speaker 1: will return back to normal this year, meaning the FED 664 00:36:00,360 --> 00:36:02,880 Speaker 1: is attacking demand. But that's not the problem. The problem 665 00:36:02,920 --> 00:36:04,920 Speaker 1: is on the supply side, and of course it is 666 00:36:05,320 --> 00:36:07,719 Speaker 1: as we continue to lead into this decentralized world, as 667 00:36:07,719 --> 00:36:10,600 Speaker 1: we continue to have wars and we have disagreements, and 668 00:36:10,680 --> 00:36:13,680 Speaker 1: we end our global cooperation, supply chains will continue to 669 00:36:13,680 --> 00:36:16,960 Speaker 1: break down. The US will continue to re onshore manufacturing, 670 00:36:17,239 --> 00:36:20,360 Speaker 1: and that leads to a very inflationary world, which is 671 00:36:20,360 --> 00:36:24,520 Speaker 1: why I continue to say inflation has not peaked. I 672 00:36:24,560 --> 00:36:26,919 Speaker 1: believe that we'll continue see higher inflation throughout the rest 673 00:36:26,920 --> 00:36:29,160 Speaker 1: of the decade. Now, it may go down temporarily in 674 00:36:29,200 --> 00:36:32,520 Speaker 1: the meantime, but over the long term it will continue 675 00:36:32,560 --> 00:36:36,120 Speaker 1: going up. A little over one quarter, twenty seven percent 676 00:36:36,239 --> 00:36:38,920 Speaker 1: say companies are selling excess inventory on the secondary market 677 00:36:38,920 --> 00:36:41,200 Speaker 1: because high storage prices are hid in the bottom line. 678 00:36:41,400 --> 00:36:44,080 Speaker 1: So then what they're doing is, because we can't afford 679 00:36:44,120 --> 00:36:47,239 Speaker 1: to store our inventory, we're going to dump it, which 680 00:36:47,280 --> 00:36:50,279 Speaker 1: means we're going to take less profit. So now on 681 00:36:50,320 --> 00:36:53,200 Speaker 1: top of these companies cost going up, now they're dumping 682 00:36:53,200 --> 00:36:55,759 Speaker 1: their inventory and there will be less profit. Now what's 683 00:36:55,760 --> 00:36:58,960 Speaker 1: that going to do to their company's stock valuations? It's 684 00:36:59,000 --> 00:37:00,880 Speaker 1: not going to be good. That's what I got you 685 00:37:01,000 --> 00:37:03,120 Speaker 1: listening to the Markmas Show. Thanks so much for listening 686 00:37:03,440 --> 00:37:05,640 Speaker 1: this week, and that's what I got. Let see you 687 00:37:05,640 --> 00:37:06,000 Speaker 1: next time.