Speaker 1: Welcome to another episode of the Mark Moas Show, where
Speaker 1: we talk about bitcoin, we talk about cryptocurrencies, we talk
Speaker 1: about the decentralized revolution, and we're trying to make sense
Speaker 1: of this out of control world as these central bankers
Speaker 1: continue to destroy um any and all relationship to money,
Speaker 1: and we're basically narrating the path of destruction that is
Speaker 1: left in their way. We've got a lot of stuff
Speaker 1: to cover today. Um as we look at the decentralized
Speaker 1: revolution that's happening in the world. Of course, that's why
Speaker 1: the world is so crazy, and we really try to
Speaker 1: look at it from the lens of three perspectives, and
Speaker 1: that's uh, politics, finance, and technology. Of course, bitcoin is
Speaker 1: leading that charge with a decentralized revolution. And if you
Speaker 1: understand the politics, finance, and technology and how the three
Speaker 1: of those things come together, it helps us understand where
Speaker 1: we're at today and of course more importantly, where we
Speaker 1: are going. That's what everyone's trying to figure out, Uh,
Speaker 1: myself included. We're at a very uncertain time the world.
Speaker 1: Probably it seems to be more uncertain than any time
Speaker 1: in history at least that I can think of. Now.
Speaker 1: The way that we beat uncertainty is with optionality. So
Speaker 1: the more options we have, the more prepared we are
Speaker 1: for whatever may come. That makes sense, obviously, And one
Speaker 1: of the best ways that we get that optionality is
Speaker 1: with money. Money helps us have that optionality. So um,
Speaker 1: that's one of the reasons why I like to focus
Speaker 1: on it, so I can make sure that I'm I
Speaker 1: have options to protect myself, my family, and so much more.
Speaker 1: And if you tune in each and every week with me,
Speaker 1: I'll make sure that you are up to date and
Speaker 1: equipped to handle the uncertainty that is facing us that's ahead.
Speaker 1: So if you haven't already, make sure to put a
Speaker 1: calendar on your phone to join me each and every
Speaker 1: week on this same time, this same channel, so we
Speaker 1: can keep you update on what is going on. Now.
Speaker 1: There's a lot going on each and every week, so
Speaker 1: I love to get together and kind of explain to
Speaker 1: what I'm seeing and there's there's big news that happens,
Speaker 1: although it seems to be the same stories kind of
Speaker 1: continuing to roll over. For example, one of the things
Speaker 1: I've been talking about for like the last you know,
Speaker 1: eight months or so, is the big the big word,
Speaker 1: the hottest word being used today, and that is inflation.
Speaker 1: And of course we talk about inflation, but but the
Speaker 1: way that we talk about it has changed a lot
Speaker 1: over time. It went from a matter of fact, I
Speaker 1: was just looking at this yesterday, the Fed was saying
Speaker 1: they can't get enough inflation. They can't get it no
Speaker 1: matter what they do. Twelves since two thousand twelve, they
Speaker 1: haven't been able to get their inflation target of two percent.
Speaker 1: And so if we were talking about inflation back then,
Speaker 1: it was in a sense that they couldn't get the
Speaker 1: inflation that they wanted. Now, Um, if any of you
Speaker 1: are gold bugs or sound money advocates or bitcoin crypto advocates,
Speaker 1: then you might be asking yourself, um, why is there
Speaker 1: a target for inflation? Anyway, which is a pretty good
Speaker 1: question to have. The Fed targets a two percent inflation,
Speaker 1: which basically means their target is for you to lose
Speaker 1: two percent of your wealth every single year. Now, why
Speaker 1: would they have a target to steal two percent of
Speaker 1: your wealth every year? That doesn't really sound like a
Speaker 1: good target to me. Nevertheless, that is their target. And
Speaker 1: so like I said, uh, there's some headlines saying we
Speaker 1: can't get it, we can't get the inflation up into
Speaker 1: we can't get the inflation that we want, and so
Speaker 1: the FED said that we're gonna, quote, let it run hot.
Speaker 1: What does that mean? That means that, uh, well, we
Speaker 1: can't get to the two percent that we want. So
Speaker 1: we're just gonna go in guns blazing and we're gonna
Speaker 1: throw everything, everything in the kitchen sink against the wall.
Speaker 1: See what sticks. And we're probably gonna way overshoot the
Speaker 1: two percent number, um, because we have to do everything
Speaker 1: that we can think of, and so we'll probably overstood
Speaker 1: the two percent number. But that's fine. We're gonna let
Speaker 1: it run hot. We're gonna go higher. We don't care,
Speaker 1: three four whatever. And they started talking about a blended number. Well,
Speaker 1: you know, since we've been below two percent for so long,
Speaker 1: if we get above two percent, that's find it averages out.
Speaker 1: And so that's what they did. They let it run
Speaker 1: hot in their own words, And here we are hot.
Speaker 1: We're at a high I haven't seen since the about
Speaker 1: four decades ago, since the eighties, running eight point six
Speaker 1: per cp I inflation, which is of course is a
Speaker 1: manipulated number. I talked about that all the time. I'm
Speaker 1: not going to dig into that but again, we're talking
Speaker 1: a lot about inflation. Now, why do we talk about
Speaker 1: inflation when we're talking about the decentralized revolution, we talked
Speaker 1: about bitcoin of cryptocurrencies. Well, the big reason why is
Speaker 1: because all of this, all of these problems that we have.
Speaker 1: Are we going into recession? Are we going to see
Speaker 1: stagflation where the markets crash, where the markets go back up?
Speaker 1: All of that revolves around the central banks, the Federal
Speaker 1: Reserve controlling the money. If they increase the money supply
Speaker 1: by lower and interest rates, then we have boom times.
Speaker 1: Things are great, businesses booming, your buying equipment, you're expanding
Speaker 1: your business, you're buying bigger houses, you're getting new cars.
Speaker 1: Everything's happy, everyone everyone's happy. Everything is good. And when
Speaker 1: they decide to then restrict or decrease money supply, things
Speaker 1: go very badly and everything crashes and you lose everything.
Speaker 1: And so the reason why we're talking about this specifically
Speaker 1: is more in the reason as to why why UM
Speaker 1: is the finance system that we have completely corrupted to
Speaker 1: the core, not just corrupted from the people that run it,
Speaker 1: but it's inherently flawed the fact that anybody runs it.
Speaker 1: UM Why and why A new system that nobody can
Speaker 1: control would be such a better system. Now, a lot
Speaker 1: of people don't understand this because they don't understand how
Speaker 1: the financial system works. They don't understand how these problems
Speaker 1: that the central bankers caused by arbitrarily changing the monetary
Speaker 1: supply whenever they feel like it, UM, they don't understand
Speaker 1: how that impacts them. And so a lot of times
Speaker 1: when you present people with a better solution, how maybe
Speaker 1: going back to a gold back currency might be a
Speaker 1: better option, going something to like a decentralized ledger like
Speaker 1: bitcoin that nobody can control, how that might be a
Speaker 1: better option, they can't understand that because they don't understand
Speaker 1: the problems that the existing system is causing in their
Speaker 1: own lives. And so we spent a lot of time
Speaker 1: talking about that, and so I want to dig through that.
Speaker 1: We want to talk about what's going on with the
Speaker 1: financial system with inflation. We're gonna talk about what the
Speaker 1: central bank, what the Federal Reserve UM is saying. I
Speaker 1: got some audio clips that I'm gonna play for you.
Speaker 1: M Jerome Pale, head of the Faroer Reserve, was UM
Speaker 1: testifying before Congress today. I pulled some clips for that. UM.
Speaker 1: I want to go into somebody that we should be
Speaker 1: listening to. UM. He is a former head of the
Speaker 1: New York Federal Reserve, head of the FMOC Federal Open
Speaker 1: Market Committee Board, UM previously with Goldman Sachs. I mean,
Speaker 1: this guy is connected and that we should listen to
Speaker 1: what he has to say. And I'm going to tell
Speaker 1: you what he has to say because you should be
Speaker 1: listening to it. We're gonna talk about some warnings that
Speaker 1: Ray Dalio has been giving us. Now, Raydalio is one
Speaker 1: of the one of the richest men in the world,
Speaker 1: head of one of the head of the largest hedge
Speaker 1: fund in the world, Bridgewater Capital, and when he talks,
Speaker 1: people tend to listen. I tend to listen. So I'm
Speaker 1: gonna talk about some things that he said. I had
Speaker 1: some more clips that we're gonna play for you. UM.
Speaker 1: And then we're gonna talk about the state of the
Speaker 1: markets that we're in today. UM, what the Fed is,
Speaker 1: canon can't do, what they will and won't do. UM,
Speaker 1: talk about the danger in the liquid markets, talk about
Speaker 1: how that affects the cryptocurrency markets and general markets overall, UM,
Speaker 1: and so much more. Man I got a lot to cover.
Speaker 1: Hopefully we can get through all that today. By the way,
Speaker 1: you're listening to the Mark Masha, we're talking about the
Speaker 1: decentralized revolution, talking about how the world is swinging. The
Speaker 1: pendulum of the world is swinging from centralization to decentralization,
Speaker 1: and that is leading to this world being so crazy.
Speaker 1: Of course, is being led by bitcoin and the decentralized
Speaker 1: technology boom that we have. So um, yeah, let's get
Speaker 1: back to it. We're talking about inflation again for the
Speaker 1: eighth month in a row, but talking about it in
Speaker 1: a different light, in a different way. And so like
Speaker 1: I said, first of all, um, the FED, the Federal Reserve,
Speaker 1: the Central Bank, they're tasked with two main things. It's
Speaker 1: called a dual mandate. So mandate number one is stable prices.
Speaker 1: So like when gas doubled, that's not very stable. When
Speaker 1: price of real estate doubled, that's not very stable. Um,
Speaker 1: When every time you go to the grocery store to
Speaker 1: buy milk and cheese and bread, um, and meat, your
Speaker 1: bills are more expensive. Every time you go to fill
Speaker 1: up your gas tank you get less gas in your car,
Speaker 1: that's not what I would consider stable prices. So if
Speaker 1: I had to give them a score of, you know,
Speaker 1: like school. I'd probably give them an F a failing
Speaker 1: grade on that because the prices are anything but stable. Now.
Speaker 1: I guess if you want to look at it on
Speaker 1: a sliding scale, it's a little bit more stable than Venezuela,
Speaker 1: but that's a pretty low bar to meat. Um, we're
Speaker 1: gonna talk about that. We're gonna talk about, Like I said,
Speaker 1: I have these clips that I want to play directly
Speaker 1: so you can hear directly from their mouth. Um, some
Speaker 1: of the some of the questions they were asked from
Speaker 1: the committee, and we're gonna look at some of the
Speaker 1: FED insiders what they told us that's coming. I take
Speaker 1: them at their word. I listened to what they say
Speaker 1: and I prepare for it. And I'm gonna tell you
Speaker 1: what they said, and you better be prepared. I'm gonna
Speaker 1: listening to the Mark Moa show talking about the decentralized revolution,
Speaker 1: talking about bitcoin, talking about politics, finance, and technology and
Speaker 1: how the convergence of those three is changing the world
Speaker 1: as we know it. And like I said, I got
Speaker 1: a lot to cover today, including warnings from Radalio. UM,
Speaker 1: including warnings from the traditional markets to the crypto markets.
Speaker 1: And so much more. So good actuable information for you today.
Speaker 1: I got a lot to cover when I come back
Speaker 1: in a minute. And don't go away, all right, welcome back.
Speaker 1: You are listening to the Mark Moa Show talking about bitcoin,
Speaker 1: the decentralized revolution, and navigating the craziness of this out
Speaker 1: of control world because of what these bankers have done.
Speaker 1: Now we're talking about inflation again for the eighth month
Speaker 1: in a row, because it's such a hot topic. We're
Speaker 1: talking about the way that is changing over time. And
Speaker 1: so I was talking about the narratives that we couldn't
Speaker 1: get the inflation even in we couldn't get the inflation,
Speaker 1: let's let it run hot. Let's see what we can do.
Speaker 1: And here we are way too much inflation. And so
Speaker 1: now they're like, oh, shoot, it's way too high. What
Speaker 1: are we gonna do about it? And um, you know,
Speaker 1: instead of operating with the precision of a surgeon with
Speaker 1: a scalpel, they're operating with a hatchet. And so they
Speaker 1: couldn't get to the two percent number they wanted, and
Speaker 1: so they said, screw it, let's just throw everything against
Speaker 1: the wall. Let's just let it run hot, right, and
Speaker 1: they did. And now we're at eight point six. So
Speaker 1: they weigh overshot the goal. As a matter of fact, Uh,
Speaker 1: they overshot the goal by hundreds of percent um, not
Speaker 1: not just a little bit, they overshot it by a
Speaker 1: lot of The goal is to percent. Here we are
Speaker 1: almost a nine. Yeah, not much precision. So now another
Speaker 1: knee jerk reaction. Um, shoot, Now it's a problem. Before,
Speaker 1: the problems before we couldn't get it. Now the problems
Speaker 1: we have too much and we can't get it back
Speaker 1: to two percent. So let's just smash it as low
Speaker 1: as we can again, and who cares what happens with
Speaker 1: everybody else in the economy. And unfortunately that's where we're
Speaker 1: at now. A lot of a lot of people are waiting,
Speaker 1: hope being that, Um, you know, the feed is gonna
Speaker 1: pivot the pet, The feed is going to go back
Speaker 1: into their feed. Put the FETE is going to say, oh,
Speaker 1: forget the inflation, let's just pump the market back up.
Speaker 1: But I'm not so sure about this now. I got
Speaker 1: a couple of clips that I want to play that
Speaker 1: I think helps illustrate this. If you want to understand
Speaker 1: what's going on with inflation, and if you understand what's
Speaker 1: going on with inflation, then you might understand what the
Speaker 1: Fete is gonna do. So the first thing, like I said,
Speaker 1: Jerome Powe was sitting down with the with the committee today,
Speaker 1: let's play one clip that I have right here, so
Speaker 1: we can start to understand what they're dealing with, what
Speaker 1: they're looking at, and what this means to us. Here
Speaker 1: we go, inflation is it's just an imbalance of supply
Speaker 1: and demand. Can we agree on Matt, Yes, generally alright.
Speaker 1: So that Senator John Kennedy and he is questioning Jerome Powell,
Speaker 1: and he says, okay, look, you're trying to fight inflation, um,
Speaker 1: so let's let's let's talk about this. He says that um,
Speaker 1: inflation meaning prices going up. It's not really a real definition.
Speaker 1: I'm not gonna geto that right now. But he says, inflation,
Speaker 1: prices going up is really imbalance of supply and demand.
Speaker 1: So look, man, these PhDs at the Fed, they want
Speaker 1: to make this super complicated. It's not. It's super easy.
Speaker 1: All prices are derived from supply and demand. Now, there's
Speaker 1: trillions of reasons why supply and demand could change, but
Speaker 1: ultimately comes down to supply and demand. So he asked
Speaker 1: that question, he says, so, all inflation is an imbalance
Speaker 1: of supplying demand. So if there's more supply then there
Speaker 1: is demand, prices come down. That's the imbalance or the
Speaker 1: imbalance works together way. If there's more demand than there
Speaker 1: is supply, then prices go up. If there's ten people
Speaker 1: trying to buy a house, but only one house for sale,
Speaker 1: ten times the demand one house, the price is gonna
Speaker 1: go up. It's gonna get bit up. If the opposite
Speaker 1: was true, the imbalance, to his word, was the other way.
Speaker 1: There was ten houses for sale but only one buyer,
Speaker 1: the price would come down, all right. So that's what
Speaker 1: he's saying. And Jerome Powell, you heard he says, yes,
Speaker 1: that's right, all right. So now, um, let's play this
Speaker 1: next clip here, which I think is pretty talent. So
Speaker 1: here's what the FED is doing to get their prices stable. Again.
Speaker 1: Let's check it out here. I got a situation where
Speaker 1: demands up here, supplies down here. You're trying to mower demand.
Speaker 1: M hm. So if the if the imbalance is off
Speaker 1: causing the prices to go higher, then you have two levers.
Speaker 1: You can either increase you can you can try to
Speaker 1: solve the imbalance, right, So in this case, you could
Speaker 1: increase the supplies, but of course the FED can't do that.
Speaker 1: So if energy and food are too high, which of
Speaker 1: course they are, then they could increase the supply of
Speaker 1: those things. But the FED can't print food and they
Speaker 1: can't print energy. Um, And so they have the other option,
Speaker 1: which is to lower the demand, or what's actually called
Speaker 1: demand destruction. So if they can't add more supply, let's
Speaker 1: just take away. Let's just make you broke so that
Speaker 1: you can't even afford it. Now, I know that sounds
Speaker 1: pretty drastic, but that's exactly what he just said. As
Speaker 1: a matter of fact, I got some more clips before
Speaker 1: we get into that, though, Let's hear from somebody that
Speaker 1: you should probably be listening to. And so, um, we
Speaker 1: saw Bill Dudley. Now, Bill Dudley might not be a
Speaker 1: name that you know, but you probably should because you
Speaker 1: want to listen to people who are very influential. So,
Speaker 1: for example, I've talked in the past about Mark Arney.
Speaker 1: Most people don't know who Mark Karney is, but you should.
Speaker 1: He's one of the most influential people in the whole world.
Speaker 1: I'm not gonna get into Mark Arney right now. But
Speaker 1: Bill Dudley is also pretty influential. So, like I said,
Speaker 1: he was former Federal Reserve Bank of New York president.
Speaker 1: So all the federal reserve banks, I believe, the New
Speaker 1: York Bank is probably the most important and most powerful,
Speaker 1: most influential. So he used to be the president of
Speaker 1: the ed Reserve Bank of New York. UM. He also
Speaker 1: was the head of the f O M c UM
Speaker 1: Committee the Meetings, which sets the policies on this that's
Speaker 1: also a pretty important position. And he worked at Goldman Sachs.
Speaker 1: So if you worked at the government and Goldman Sachs,
Speaker 1: that means you are pretty dang connected. And he says that.
Speaker 1: Let's see here. He says, uh, the Fed quote hasn't
Speaker 1: really accomplished much yet with its efforts to control inflation,
Speaker 1: and we'll need to tighten financial conditions to push bonnields
Speaker 1: higher and stock prices lower. This is where it gets good.
Speaker 1: Quote if financial conditions don't cooperate with the Fed, the
Speaker 1: Fed's going to have to do more until financial markets
Speaker 1: do cooperate end quote. So what is he saying there.
Speaker 1: He's basically saying that the Fed will need to force
Speaker 1: stocks lower. We'll have to force it, which is what
Speaker 1: Senator John Kinney was saying. You can't increase the supply, right,
Speaker 1: so you're just focusing on the demand side, and Jerome
Speaker 1: Power replied yes, which is what Bill Dudley says, which
Speaker 1: is we might need to force stocks to fall. Why
Speaker 1: would forcing stocks to fall um lower demand? Well, it's
Speaker 1: demand destruction is something known as the wealth effect. And
Speaker 1: so when your stock account goes up, when your retirement
Speaker 1: account goes up, when your home goes up in value,
Speaker 1: even though you weren't planning on selling your home most likely, right,
Speaker 1: it's just your house. You weren't planning on selling it,
Speaker 1: but it went up in value. You feel wealthy. You
Speaker 1: see your retirement account go up. You're not planning on
Speaker 1: cashing that in, not until you retire, but you feel wealthy.
Speaker 1: That's the wealth effect. And when I feel more wealthy,
Speaker 1: I spend more money um, and that creates more demand.
Speaker 1: When I feel broke, when my house is upside down, underwater,
Speaker 1: when my retirement account drops to a level that I
Speaker 1: can't retire in anymore, then I feel broke. Even though
Speaker 1: I wasn't playing on selling those assets, I still feel broke.
Speaker 1: And now I'm not spending the money. So now I'm
Speaker 1: not putting as much gas in my car, I'm not
Speaker 1: taking those vacations, I'm not going out to dinner multiple
Speaker 1: times a week, etcetera. Demand destruction through the wealth effect. Now,
Speaker 1: like I said, I'm playing to the clips because I
Speaker 1: want you to hear it from their mouth, not from mine.
Speaker 1: That's exactly what sends. Senator John Kennedy asked Jerome Powell
Speaker 1: that he replied to, Now, I got some more warnings
Speaker 1: coming up from other people you need to listen to,
Speaker 1: and I got some more clips so you can hear
Speaker 1: it directly from their mouth. We're gonna walk through this
Speaker 1: so you can understand exactly what's going on. I'm gonna
Speaker 1: listening to the MARKETMA show. We're talking about the decentralized revolution.
Speaker 1: We're talking about the way the financial system and really
Speaker 1: the world is changing through politics, finance, and technology, and
Speaker 1: its being driven by sound money and bitcoin driving this change.
Speaker 1: And we're looking at it from I guess a microscopic level. Um,
Speaker 1: I got a whole bunch to cover when I get back,
Speaker 1: including some more sound clips. You can hear what they're saying. UM,
Speaker 1: So don't go way I'll be right back. All right,
Speaker 1: welcome back. You are listening to the Markma Show. We're
Speaker 1: talking about the decentralized Revolution. We're talking about how the
Speaker 1: world is changing driven by the financial markets. The financial
Speaker 1: markets are changing, and your life is changing. The whole
Speaker 1: world is changing because of this. And we're talking about
Speaker 1: how the Federal Reserve is basically stuck and they're trying
Speaker 1: to bring inflation down because of course of their dual mandate,
Speaker 1: one of which is stable prices, and prices aren't stable.
Speaker 1: They're going through the roof, and so they're trying to
Speaker 1: bring prices down. But they can only bring prices up
Speaker 1: down through one of two ways, increasing this supply or
Speaker 1: taking away the demand. Of course, they're choosing to take
Speaker 1: away the demand. I played you a clip of Drome
Speaker 1: Palette manting so much, and Bill Dudley, former Pedo Reserve
Speaker 1: Bank of New York president, said the same thing, that
Speaker 1: they would have to force stocks down, which is exactly
Speaker 1: what's happening now. Um, we have another warning from somebody
Speaker 1: that we should all probably be listening to, and that's
Speaker 1: Ray Dalio, one of the richest been in the world.
Speaker 1: Out of the largest hedge funds in the world, Bridgewater Capital,
Speaker 1: and when he talks, I listen. I just finished reading
Speaker 1: his book, which was he has a new book out
Speaker 1: which is amazing, um packed full of charts and graphs.
Speaker 1: Definitely good, good read. But he says that Radio says,
Speaker 1: reducing inflation will come at a great cost. So if
Speaker 1: you want prices to come back down, we can do it.
Speaker 1: But it's going to come at a great cost. Now
Speaker 1: what's that great cost? Well, what did Bill Dudley say?
Speaker 1: The Fed will need to smash stocks lower? So what
Speaker 1: does that mean. What's this great cost? Well, that means
Speaker 1: wiping out your net worth, wiping out your ability to
Speaker 1: what potentially travel or potentially retire, potentially send your kids
Speaker 1: to college, or buy your you know, pay for your
Speaker 1: daughter's wedding. I mean, who knows, right, Um, let's take
Speaker 1: a look at what he says. He says that the
Speaker 1: FED is likely to chart a course that leads to stagflation. Now, stagflation,
Speaker 1: I don't know what you think about that word when
Speaker 1: you hear, but it is not a good thing. Now,
Speaker 1: we haven't seen stagflation in the United States since the seventies,
Speaker 1: but of course Japan has been dealing with this for
Speaker 1: quite a while. What is stagflation. It's stagnant economy with inflation,
Speaker 1: so that means prices continue to go up while economic
Speaker 1: growth goes down. It's the worst combination. What you would
Speaker 1: want is economic growth to get better and prices to
Speaker 1: come down, and that would lead to massive human flourishment.
Speaker 1: That would mean that you would have have to work
Speaker 1: less hours to improve your quality of life. That means
Speaker 1: that your life gets better over time and not worse.
Speaker 1: But no, the opposite of that is economic growth goes down.
Speaker 1: You make less money and things get more expensive at
Speaker 1: the same time. That has a horrible combination. That's where
Speaker 1: Japan has been. The United States was there in the seventies,
Speaker 1: and he says Dahio says, the FED is likely to chart.
Speaker 1: Of course, that leads us to stagflation. Now, why do
Speaker 1: we talk about this again? If you're just tuning in,
Speaker 1: why don't we talk about this when we're talking about
Speaker 1: a decentralized revolution, we're talking about sound money, we're talking
Speaker 1: about things like a coin. The reason why is because
Speaker 1: this is the problem that the central bankers cause by
Speaker 1: increasing the money supply and decreasing the money supply. Jerome
Speaker 1: Powell is crashing the markets, As Dahio says, the FED,
Speaker 1: the Federal Reserve is charting a course at least stagflation.
Speaker 1: How by decreasing the money supply after they had increased
Speaker 1: the money supply. It's ridiculous to think, when you understand
Speaker 1: what's going on, that we have a group of people
Speaker 1: that arbitrarily just increase the money and decrease the money
Speaker 1: and send us the booms and bus and they cause um,
Speaker 1: you know, massive destruction in their wake. And that's where
Speaker 1: we're at. Most people don't understand how that works. Of course,
Speaker 1: they don't teach you that, and that's why we're breaking
Speaker 1: it down for you here. So anyway, he says that
Speaker 1: they're there, that they're on the course to chart a
Speaker 1: course to stagflation. I don't want to go into stagflation.
Speaker 1: You don't want to go into stagflation now that you
Speaker 1: understand what it is. So why should we have anybody
Speaker 1: able to chart us a course there? Because I don't
Speaker 1: want to go there. See what I'm saying. The ridiculousness
Speaker 1: of having anybody control the money Radialio says, uh he
Speaker 1: wrote Tuesday on LinkedIn It's naive quote it's naive and
Speaker 1: inconsistent with how the economic machine works. So, um, it's naive.
Speaker 1: He's calling the central bankers a naive, So, I mean,
Speaker 1: I haven't used that word. That word might be a
Speaker 1: little nice. I would call them either stupid or I
Speaker 1: don't know, evil. They either don't know what they're doing
Speaker 1: or they're doing it intentionally right, And in my opinion,
Speaker 1: both of those are maybe equally as bad. If they
Speaker 1: don't know what they're doing, then what the heck are
Speaker 1: they doing there in the first place. And if they're
Speaker 1: doing it intentionally, then what the heck are they doing
Speaker 1: there right? Either way, So he calls it naive, okay,
Speaker 1: a little bit nice? Um to think that the feder
Speaker 1: reserve raising interest rates will quote, will make things good
Speaker 1: again once it gets inflation under control. So he says,
Speaker 1: if you think the Fed raising rates to try hard
Speaker 1: to get inflation under control is going to make things better,
Speaker 1: then you're naive and you're inconsistent. You have no idea
Speaker 1: how the economic system works, which of course is their
Speaker 1: whole plan. Of course you don't know how the economic
Speaker 1: system works because the no one taught you that. They
Speaker 1: specifically withheld that information from you. And any information you
Speaker 1: did get was completely misleading. For example, teaching you Kinzian economics.
Speaker 1: Um I. I put out a tweet maybe a week
Speaker 1: or two ago, I said, the greatest trick the Federal
Speaker 1: Reserve ever played was teaching you two things. One that
Speaker 1: the money supply has to always expand for things to
Speaker 1: get better, and two that assets like your home going
Speaker 1: up in value is a good thing. Now, a lot
Speaker 1: of you people might be listening to that and go,
Speaker 1: what the heck mark you have? You have no idea
Speaker 1: what you're talking about. Of course, the money supplies to expand.
Speaker 1: It might be naive and inconsistent with how economics really works.
Speaker 1: That's what Radalio was saying. By them arbitrarily increase the
Speaker 1: money supply and then decreasing the money supply um to
Speaker 1: get inflation, that could troll. Is not going to make
Speaker 1: things better, That's what read I was saying. So take
Speaker 1: it up with him. He says, Uh, while tightening leads
Speaker 1: to less consumer spending, duh, Right, you take the money
Speaker 1: away and then nobody has money to spend um, which
Speaker 1: may reduce inflation. It doesn't make things better. So if
Speaker 1: you take away people's ability to spend I guess it
Speaker 1: takes I guess it lowers inflations because now no one
Speaker 1: is buying anything, right, But it doesn't make things better,
Speaker 1: and as a matter of fact, it makes things worse
Speaker 1: in a couple of ways. He says, quote it shifts
Speaker 1: some of the squeezing of people via via inflation to
Speaker 1: squeezing them via giving them less buying power. So what
Speaker 1: happens is when prices are going up, Um, they're being
Speaker 1: squeezed by inflation. Prices are going up so fast they
Speaker 1: can't buy enough gas, they can't buy enough food, they
Speaker 1: can't run their air condition or their heat or when
Speaker 1: they need to. So you squeeze them that way. But then, um,
Speaker 1: you squeeze them by giving them less buying power. Now
Speaker 1: they don't have any money. So what's worse. Things are
Speaker 1: too expensive, right, just have no money altogether? Right, Either way,
Speaker 1: it's a problem now. But also we're starting to see
Speaker 1: and I believe this is going to continue, is that
Speaker 1: by them trying to smash the stock price down like
Speaker 1: Bill Dudley says, or take away the demand like Jerome
Speaker 1: Powell says, um, they can actually make prices go up
Speaker 1: even higher, not lower. So for example, they push the
Speaker 1: demand low. You're broke. Gas prices go up. You can't
Speaker 1: buy as much gas. Now, you can't commute to work
Speaker 1: every day, So I'll just quit my job and live
Speaker 1: on unemployment. So now there's less people working at that job.
Speaker 1: Now that employer now has to find more people, he
Speaker 1: has to pay them more wages. If he has to
Speaker 1: pay more wages, his cost go up. And now he
Speaker 1: has to increase the price of his goods and services
Speaker 1: to pay for that offset. So by um prices going
Speaker 1: up and then coming out and not buying that product,
Speaker 1: it pushes the prices up. Supply chain start breaking down,
Speaker 1: et cetera. Not enough people working at the refineries to
Speaker 1: make enough gas, leader unload the ships at the dock,
Speaker 1: and so that pushes prices up. So they're doing the
Speaker 1: things to try to bring prices down by destroying demand,
Speaker 1: but they destroyed demand so much that it actually pushes
Speaker 1: prices up. It's quite the conundrum there, and and hopefully
Speaker 1: you start to understand why it's completely insane to think
Speaker 1: that we need a group of people managing the money supply. Right, Um,
Speaker 1: let's play another clip that I have here ready to go,
Speaker 1: and we'll see what he says here, there's another way
Speaker 1: that they could do it. This might be a better way,
Speaker 1: there's another way. The two aren't exclusive. You alluded to
Speaker 1: that you can also go over demand, but you can
Speaker 1: increase supply, can you not? And that would solve in place? Yes,
Speaker 1: it would m M. Who would have thought that maybe
Speaker 1: if we had more abundance instead of scarcity. Maybe if
Speaker 1: instead of UM smashing people's ability to to buy the
Speaker 1: things they want and live a good life, UM and
Speaker 1: making a live a life of poverty to fight inflation,
Speaker 1: how about if we just added more supply. How about
Speaker 1: if we just went back to a day that didn't
Speaker 1: seem like that long ago, when we actually had enough
Speaker 1: energy that that would be a novel concept. Imagine going
Speaker 1: to the store and like having all the stuff that
Speaker 1: you wanted to buy on the shelves like we did
Speaker 1: so long ago, like a year ago. How about we
Speaker 1: just give them more supply? But how that can that
Speaker 1: be done? Of course that's the difficult, difficult part of
Speaker 1: the equation, right, Well, not really, I'll be back with
Speaker 1: that and more in a minute. You're listening to the
Speaker 1: Mark ma Show talking about the Decentralized Revolution, talking about
Speaker 1: bitcoin and uh, talking about the federal SERF. I'll be
Speaker 1: back with that more in a minute. Don't go away,
Speaker 1: all right, welcome back. You are listening to the Mark
Speaker 1: ma Show, and we are talking about, of course, the
Speaker 1: decentralized revolution, talking about the way that bitcoin is changing
Speaker 1: the world, looking at it through politics, finance, and technology.
Speaker 1: And we've been talking about today the ridiculousness of having
Speaker 1: central planners, or in this case, central bankers, planning for
Speaker 1: our lives by arbitrarily increasing the money supply and decreasing
Speaker 1: the money supply at their will. You don't have any
Speaker 1: stalever it. There's no vote. They didn't ask you. They
Speaker 1: didn't ask you if you want your business to prosper
Speaker 1: and you want to make a bunch of money and
Speaker 1: you want your retirement accounts to grow, or or they
Speaker 1: didn't ask you if you'd also like your business to
Speaker 1: be destroyed and you lose everything, including your retire amounts,
Speaker 1: right retirement accounts. The didn't ask you that. Don't worry.
Speaker 1: They didn't ask me either. Um, and so think about
Speaker 1: the ridiculousness of that. And now I really had first
Speaker 1: kind of came onto this. I've told my story before.
Speaker 1: If you're new to the show. Then maybe you don't know,
Speaker 1: but you know I had done very well for myself
Speaker 1: coming uh right into my career. I started buying, investing
Speaker 1: into real estate, had built up a massive real estate portfolio.
Speaker 1: I had built several businesses, two of which I had
Speaker 1: exits on fortune, made a bunch of money, had it
Speaker 1: all on real estate. Um, I thought I was really smart.
Speaker 1: I thought it was I thought I thought I had
Speaker 1: it all figured out. And in two thousand and eight,
Speaker 1: the Great Financial Crash came around, and I wasn't at
Speaker 1: that time. I wasn't studying what the photo Reserve was doing.
Speaker 1: I wasn't studying the financial markets, and uh, it cost
Speaker 1: me everything. In the Great Financial Crash two thousand and eight.
Speaker 1: It wiped out millions of Americans, millions of Americans who
Speaker 1: had put their life savings into their homes and then
Speaker 1: they lost them. And uh, you know, I at first
Speaker 1: it was obviously as depressing as you might imagine. Um,
Speaker 1: and then it's just like, well, I guess I gotta
Speaker 1: figure it out, just dust myself off and get this
Speaker 1: going again. And that's really when I first started digging
Speaker 1: in to figure out what exactly went wrong. And when
Speaker 1: I started digging into exactly what we're wrong, I found
Speaker 1: out it's because of this Fiat money system. It's because
Speaker 1: the photo reserve creates all this money out of thin air,
Speaker 1: creates all this artificial stimulation and drives markets and asset
Speaker 1: prices to unsustainable highs. And then even though maybe it's unsustainable, Uh,
Speaker 1: they don't wait for the inevitable to happen. They just
Speaker 1: just suck all the money right back out of the economy,
Speaker 1: crank up the interest rates. They caused complete implosion, caused
Speaker 1: the crash of the markets. Like I said, millions of
Speaker 1: people lost their homes, lost everything. And as I started
Speaker 1: to study that, I realized that the cure to this
Speaker 1: would be a type of money that they couldn't print
Speaker 1: out of thin air, they couldn't create more of And
Speaker 1: that led me to become a gold bug. Now gold
Speaker 1: has been money for basically all of recorded history. It's
Speaker 1: been money for over five thousand years, and gold works
Speaker 1: really well as money because you can't just arbitrarily go
Speaker 1: create more If you want to get more gold, there's
Speaker 1: a true cost of capital for that. I have to
Speaker 1: go spend money to go scout land and find some
Speaker 1: land that may have some gold and have to spend
Speaker 1: money to get equipment, and have to spend money to
Speaker 1: get people there. And I have to set up all
Speaker 1: the mining equipment and mind it and process it. And
Speaker 1: it's going to cost me real energy, real time, and
Speaker 1: and my money in order to get that gold. And
Speaker 1: you know, I don't know where's at today. An ounce,
Speaker 1: I can sell it for eight ounces. I make three
Speaker 1: on that, but I can't just go create the gold
Speaker 1: from thin air. So there's a true cost of capital.
Speaker 1: And so that that's the that's the restraint. Now, it's
Speaker 1: not perfect because the supply of gold is increasing over
Speaker 1: time every year, but at least it had a restraint,
Speaker 1: unlike what we saw in the last twenty four months
Speaker 1: in the United States, where we saw the money supply
Speaker 1: increased by all. The dollars in existence today were created
Speaker 1: in the last couple of years, and they weren't created
Speaker 1: with a true cost of capital. They weren't created with
Speaker 1: any sort of energy expenditure, or time commitment or wealth expenditure.
Speaker 1: They were created, um by the push of a button.
Speaker 1: And when you create that much money, it creates all
Speaker 1: these distortions, which includes people not wanting to work and
Speaker 1: they'll stay home and just get paid, and then supply
Speaker 1: chain start breaking down and there's too much demand, so
Speaker 1: they start buying too many products, and they start taking
Speaker 1: too many occasions, and on and on and on and
Speaker 1: so then the supply demand in balances get out of order.
Speaker 1: Back to what we started talking about at the beginning,
Speaker 1: with the Senator John Kennedy explaining that to J. Powell
Speaker 1: from the FED, and he was agreeing to that. And
Speaker 1: it's good while it's happening. The problem is is that
Speaker 1: if you're if you're in construction or you're in some
Speaker 1: sort of service business, that all this demand increase, you
Speaker 1: have more work than you've ever had before. So you
Speaker 1: try to grow to meet that demand. I need to
Speaker 1: serve more customers. They want to buy more products, and
Speaker 1: so you hire more people and you expand your business
Speaker 1: and you get a bigger building, and you take on
Speaker 1: more debt to buy new company vehicles and all that stuff,
Speaker 1: and everything's going great and you're growing, you're growing, and
Speaker 1: everything's happy, and then the FED decides to crash the
Speaker 1: market on you. And now you have all these new
Speaker 1: buildings and all these all this new staff, and you
Speaker 1: have all these new vehicles and all these new loans,
Speaker 1: and now you can't service it, and now potentially your
Speaker 1: life that you've put into this business, your blood, sweat,
Speaker 1: your your tears, all the time you sacrificed, everything has
Speaker 1: been put into that and then potentially you lose it all.
Speaker 1: You lose it all because some central bankers decided to
Speaker 1: pull that back out. Now, you know, you didn't have
Speaker 1: to grow that fast. You didn't have to expand your business,
Speaker 1: you didn't have to take on new company vehicles, you
Speaker 1: didn't have to hire new employees, except for you kind
Speaker 1: of did because they were increasing the money supply so
Speaker 1: fast that if you're not growing your business, you're actually
Speaker 1: falling behind either way. So you're forced to act. You
Speaker 1: can't just go away, I'm out. I'm not going to
Speaker 1: play this game. You have to play, because one way
Speaker 1: or another, the game is being played, whether you're in
Speaker 1: it or not. And so you can decide to do
Speaker 1: nothing and lose of your wealth, lose your purchaseing in
Speaker 1: power because they increase that monetary supply, or you can
Speaker 1: play the game and try to grow your business to
Speaker 1: increase your revenue to offset the loss that you've had
Speaker 1: from their theft and so you're forced to play either way,
Speaker 1: but you don't know that the odds are stacked against
Speaker 1: you because you weren't in that fo MC meeting that
Speaker 1: the FED had, and neither were I. And as a
Speaker 1: matter of fact, they don't even know what they're doing.
Speaker 1: What do I mean by that, Well, well, generally I
Speaker 1: don't think they know what they're doing, but even more
Speaker 1: practically they don't know what they're doing. So the FED
Speaker 1: said this last meeting, they raised the rates point zero
Speaker 1: point seven five. They said, uh, we don't think we're
Speaker 1: gonna raise rates past zero point five. So that's what
Speaker 1: they said days before the meeting. Now they're not in
Speaker 1: a habit. Their their goal is not to trick people.
Speaker 1: Their goal is to project and let people know what
Speaker 1: they're gonna do, because the markets don't want to get spooked,
Speaker 1: so they'y're not trying to trick people. They thought they
Speaker 1: were going to raise rates by zero point five and
Speaker 1: days before their meeting they changed their mind. And so
Speaker 1: my point is they don't even know what they're doing
Speaker 1: weeks in advance. Um, it makes me think about this
Speaker 1: quote from Vladimir Lenin. He said, the best way to
Speaker 1: destroy the capitalist system. The best way to destroy capitalism
Speaker 1: was to debouch the currency, destroy the currency. How how
Speaker 1: do you debout you? How do you destroy the currency?
Speaker 1: Will you do it? He says? By a continuing process
Speaker 1: of inflation, governments can confiscate secretly and unobserved an important
Speaker 1: part of the wealth of their citizens. So um, they increase,
Speaker 1: then they stole secretly and unobserved of your wealth. By
Speaker 1: this method, they not only confiscate, but they confiscate arbitrarily.
Speaker 1: That's the world I've been using with no rhyme reason,
Speaker 1: just whenever they want there or whatever. Right, He goes
Speaker 1: on to say. Here, Um, as inflation proceeds and the
Speaker 1: real value of the currency fluctuates, the ultimate foundation of
Speaker 1: capitalism became so utterly disordered as to be almost meaningless.
Speaker 1: What does it even mean anymore? And the process of
Speaker 1: wealth getting degenerates into a gamble and a lottery, which
Speaker 1: sounds kind of like where're at today? Right, Everything is
Speaker 1: a gamble a lottery if you want to make money. Um,
Speaker 1: the days of being okay, making six or eight percent
Speaker 1: returns in your stock were fully are gone. Most people
Speaker 1: I see coming across my comments across social media is uh,
Speaker 1: I need to make in three months. If I can't make,
Speaker 1: then it's it's it's a loser, right, And everyone's been
Speaker 1: pushed into becoming a gambler, a degenerate gambler in his words,
Speaker 1: Um forced to go use risky things like Tera, Luna
Speaker 1: and Celsius, forced to gamble because if you don't play
Speaker 1: that game, you're gonna lose either way. So I'm gonna lose.
Speaker 1: I guess I might as well gamble, Which is why
Speaker 1: it's insanity to think that we have a group of people,
Speaker 1: central planners, centrally planning our money supply. Which is why
Speaker 1: going back to becoming a gold bug and really becoming
Speaker 1: a sound money advocate, it brings me back to bitcoin.
Speaker 1: There's just no other way without bitcoin. Instead of taking
Speaker 1: it from some corrupt people and given to some other
Speaker 1: corrupt people, we use something like bitcoin that nobody can control.
Speaker 1: That's the whole point. That's what I got for today.
Speaker 1: Thanks for listening to the Markmas Show. Until next time,