1 00:00:00,040 --> 00:00:02,880 Speaker 1: Hello, and welcome to another episode of the Markmas Show 2 00:00:02,880 --> 00:00:07,080 Speaker 1: where we talk about the decentralized revolution that's happening. Of course, 3 00:00:07,120 --> 00:00:10,920 Speaker 1: we talk about it as a decentralized technology like bitcoin 4 00:00:10,920 --> 00:00:13,280 Speaker 1: and cryptocurrencies are changing the world as we know, and 5 00:00:13,560 --> 00:00:14,920 Speaker 1: we like to look at it through the lens of 6 00:00:15,360 --> 00:00:19,480 Speaker 1: three converging factors. Of course, that's politics, finance, and technology. 7 00:00:19,720 --> 00:00:23,360 Speaker 1: Throughout history, thousands of years of history, it's always been 8 00:00:23,480 --> 00:00:27,320 Speaker 1: technology that changes the world. And you know, we can 9 00:00:27,360 --> 00:00:29,680 Speaker 1: look at the political social um things, we can look 10 00:00:29,720 --> 00:00:33,120 Speaker 1: at the financial revolutions. They're all important um and a 11 00:00:33,120 --> 00:00:34,559 Speaker 1: lot of people would do really well with them. But 12 00:00:34,640 --> 00:00:36,919 Speaker 1: if you miss what's going on with the technology, then 13 00:00:36,960 --> 00:00:38,959 Speaker 1: you're missing the bigger pictures. So we look at all 14 00:00:38,960 --> 00:00:42,200 Speaker 1: three of the convergence of all three and we're examining 15 00:00:42,360 --> 00:00:44,640 Speaker 1: what the heck is going on in the world today, 16 00:00:44,680 --> 00:00:47,680 Speaker 1: how did we get here, and most importantly, where we 17 00:00:47,760 --> 00:00:50,120 Speaker 1: are going? So thanks for tuning in. We have a 18 00:00:50,159 --> 00:00:53,559 Speaker 1: lot to cover on this show today. We're gonna look 19 00:00:53,600 --> 00:00:57,480 Speaker 1: at what's going on in Europe with some new regulations, 20 00:00:57,520 --> 00:01:00,279 Speaker 1: new laws of course, new things that you must comply with, 21 00:01:00,600 --> 00:01:03,360 Speaker 1: and what what those things are. There's two big ones 22 00:01:03,360 --> 00:01:06,200 Speaker 1: that are happening. What does this mean for bitcoin cryptocurrencies? 23 00:01:06,240 --> 00:01:08,399 Speaker 1: What does it mean for you personally? Doesn't mean for 24 00:01:08,400 --> 00:01:11,240 Speaker 1: the world. Um, we're gonna look at that, and we're 25 00:01:11,240 --> 00:01:13,160 Speaker 1: gonna look at some of these policies they're trying to 26 00:01:13,200 --> 00:01:15,280 Speaker 1: put in place and what the bigger context of them are, 27 00:01:15,560 --> 00:01:17,520 Speaker 1: how they've already been in place and most of the 28 00:01:17,560 --> 00:01:21,000 Speaker 1: world for about the last two decades. The problems, the 29 00:01:21,040 --> 00:01:23,720 Speaker 1: pros and cons of this, um, And let me just 30 00:01:24,040 --> 00:01:26,560 Speaker 1: tell you it's it's a really big problem. That's a 31 00:01:26,680 --> 00:01:29,400 Speaker 1: really big problem for you personally that you may be 32 00:01:29,480 --> 00:01:32,080 Speaker 1: not aware of. We're gonna talk about some new laws 33 00:01:32,160 --> 00:01:35,440 Speaker 1: that California, which of course leads the United States, so 34 00:01:35,440 --> 00:01:37,440 Speaker 1: it's coming to California. They're trying to get in California, 35 00:01:37,480 --> 00:01:40,280 Speaker 1: which then of course would come for um, the rest 36 00:01:40,319 --> 00:01:43,039 Speaker 1: of the United States and the world as well. Um. 37 00:01:43,160 --> 00:01:47,039 Speaker 1: And then we're gonna look at some of something that 38 00:01:47,120 --> 00:01:52,520 Speaker 1: happened this week that I'm a little speechless. It literally 39 00:01:52,600 --> 00:01:57,880 Speaker 1: shook me to my core. Will just say that, Um, 40 00:01:57,920 --> 00:01:59,720 Speaker 1: you know, the United States has known for a lot 41 00:01:59,760 --> 00:02:04,160 Speaker 1: of things. One thing in particular, and the the entire 42 00:02:04,280 --> 00:02:06,240 Speaker 1: basis of one of the most important things in the 43 00:02:06,280 --> 00:02:10,840 Speaker 1: United States. UM, basically got taken out this week and 44 00:02:10,840 --> 00:02:13,480 Speaker 1: we're gonna talk about that and it all flows into 45 00:02:13,520 --> 00:02:16,320 Speaker 1: each other. So a lot to cover this week. UM. 46 00:02:16,400 --> 00:02:19,040 Speaker 1: And if you want to know how to manage yourself 47 00:02:19,160 --> 00:02:22,320 Speaker 1: through this decentralized revolution that's happening, how to um, not 48 00:02:22,400 --> 00:02:26,640 Speaker 1: just survive, but to thrive with your money, with your freedom, 49 00:02:26,960 --> 00:02:28,840 Speaker 1: then don't go away. We're gonna talk about it now. 50 00:02:28,880 --> 00:02:30,760 Speaker 1: If you're not a regular listener, then what the heck 51 00:02:30,760 --> 00:02:33,560 Speaker 1: are you even doing? Uh? If you're not driving, take 52 00:02:33,600 --> 00:02:35,680 Speaker 1: a second, real quick, pull your phone out from your 53 00:02:35,680 --> 00:02:37,760 Speaker 1: pocket and just put a calendar reminder. Make sure you're 54 00:02:37,800 --> 00:02:39,920 Speaker 1: with me each and every week on this time, this channel, 55 00:02:40,360 --> 00:02:41,960 Speaker 1: because you don't want to miss it. I'm gonna give 56 00:02:41,960 --> 00:02:45,080 Speaker 1: you the information you need to be equipped. And you know, 57 00:02:46,360 --> 00:02:48,080 Speaker 1: you know, when you go out over the weekend and 58 00:02:48,120 --> 00:02:50,600 Speaker 1: you go to the cocktail party, you might sound really 59 00:02:50,639 --> 00:02:53,120 Speaker 1: smart by reciting a lot of information that we talked about. 60 00:02:53,200 --> 00:02:55,839 Speaker 1: So it's a double win for you. So anyway, let's 61 00:02:55,840 --> 00:02:57,720 Speaker 1: just jump right into it. Like I said, lots of 62 00:02:57,760 --> 00:03:02,200 Speaker 1: stuff going on today, and uh, one of them, let's 63 00:03:02,200 --> 00:03:03,680 Speaker 1: start with that. Let's start off the top here the 64 00:03:03,800 --> 00:03:08,080 Speaker 1: regulations that are happening. Of course, regulations are rules, laws 65 00:03:08,120 --> 00:03:11,240 Speaker 1: that are being imposed. Now. You know, one view point 66 00:03:11,280 --> 00:03:13,720 Speaker 1: that I have at my dad taught me when I 67 00:03:13,760 --> 00:03:15,880 Speaker 1: was turning eighteen and I could start voting. As you said, 68 00:03:15,919 --> 00:03:20,520 Speaker 1: you know, Mark, just remember every new law, whether you 69 00:03:20,520 --> 00:03:22,320 Speaker 1: think it's good or bad, whether you like it or not, 70 00:03:23,320 --> 00:03:26,600 Speaker 1: it's less freedom. Just think about it that way. So 71 00:03:26,639 --> 00:03:28,960 Speaker 1: that's the way I think about it. Obviously, growing up 72 00:03:28,960 --> 00:03:31,120 Speaker 1: in the United States, I believe you're probably listening to 73 00:03:31,160 --> 00:03:35,120 Speaker 1: me from the United States. Um, we grew up in 74 00:03:35,120 --> 00:03:37,360 Speaker 1: the Land of the Free. What does that mean, Well, 75 00:03:37,400 --> 00:03:40,720 Speaker 1: that means that we're free. We're free to express ourselves 76 00:03:40,760 --> 00:03:44,720 Speaker 1: as individuals. We're free to pursue things and that lead 77 00:03:44,760 --> 00:03:49,560 Speaker 1: to our own interests. We're free to choose paths and 78 00:03:49,680 --> 00:03:53,920 Speaker 1: options that lead to our own ends, our direction. I 79 00:03:53,960 --> 00:03:56,240 Speaker 1: remember as a kid growing up in uh you know, 80 00:03:56,360 --> 00:03:59,320 Speaker 1: still under the Cold War and learning about communism, because 81 00:03:59,360 --> 00:04:01,040 Speaker 1: we actually used to learn that stuff when I was 82 00:04:01,040 --> 00:04:03,440 Speaker 1: a kid, and we learned about communism you know over 83 00:04:03,440 --> 00:04:05,360 Speaker 1: in the USS are over in Russia at the time. 84 00:04:06,320 --> 00:04:08,680 Speaker 1: I remember just as a kid thinking like it sounded 85 00:04:08,720 --> 00:04:12,280 Speaker 1: like the worst thing in the world. Like you don't 86 00:04:12,280 --> 00:04:14,640 Speaker 1: even get to choose what you want as a profession. 87 00:04:15,640 --> 00:04:17,520 Speaker 1: You mean, they tell you what you have to do 88 00:04:17,600 --> 00:04:20,520 Speaker 1: for work, Like you're not allowed to do anything. You 89 00:04:20,560 --> 00:04:23,279 Speaker 1: can't if you do anything against the state, you get 90 00:04:23,279 --> 00:04:25,120 Speaker 1: locked up in prison. Of course, at the time, they 91 00:04:25,120 --> 00:04:28,839 Speaker 1: had the Gulag, the Russian Gulag, which was, um, you know, 92 00:04:28,880 --> 00:04:31,520 Speaker 1: their prison system, and if you did anything against the state, 93 00:04:31,839 --> 00:04:34,159 Speaker 1: they'd lock you up, you know. And I just remember 94 00:04:34,200 --> 00:04:37,040 Speaker 1: growing up thinking how horrible that must be, because in 95 00:04:37,080 --> 00:04:38,480 Speaker 1: the Land of the Free, we're free, we could do 96 00:04:38,520 --> 00:04:43,520 Speaker 1: whatever we wanted. Um. But each one of these new laws, 97 00:04:43,600 --> 00:04:46,520 Speaker 1: these regulations, these rules, just takes that away. Now, some 98 00:04:46,560 --> 00:04:48,160 Speaker 1: of them could be good, don't get me wrong. Like 99 00:04:48,480 --> 00:04:50,800 Speaker 1: I would like a law. I would like a rule 100 00:04:50,839 --> 00:04:53,200 Speaker 1: that says you can't kill me. You know, I'm totally 101 00:04:53,279 --> 00:04:55,800 Speaker 1: up for that. I like that. As a matter of fact, 102 00:04:55,880 --> 00:04:58,560 Speaker 1: nobody should be aggressive to anybody else. Right. That's a 103 00:04:58,800 --> 00:05:01,640 Speaker 1: libertarian is a not a regressive principle, which means we 104 00:05:01,640 --> 00:05:03,160 Speaker 1: should be free to do most things as long as 105 00:05:03,160 --> 00:05:05,719 Speaker 1: we're not hurting somebody else. So of course I want 106 00:05:05,800 --> 00:05:08,480 Speaker 1: laws preventing you from hurting me. But I look at 107 00:05:08,520 --> 00:05:10,719 Speaker 1: each rule and regulation that like that, and I try 108 00:05:10,760 --> 00:05:14,440 Speaker 1: to be intellectually honest with myself to look at both 109 00:05:14,480 --> 00:05:17,680 Speaker 1: sides of these situations. Now, I want to say just 110 00:05:17,720 --> 00:05:19,320 Speaker 1: one last thing and then we're gonna because I want 111 00:05:19,360 --> 00:05:21,599 Speaker 1: to get into so what's happened here in the highest 112 00:05:21,680 --> 00:05:23,960 Speaker 1: levels of the United States. That's just I mean, it's 113 00:05:24,000 --> 00:05:26,120 Speaker 1: still I still just can't get over. And we're gonna 114 00:05:26,120 --> 00:05:29,440 Speaker 1: talk about that a little bit. But I think about 115 00:05:29,839 --> 00:05:32,720 Speaker 1: I think about, you know, the Supreme Court in the 116 00:05:32,800 --> 00:05:34,800 Speaker 1: United States, which has been on a tear this week 117 00:05:34,920 --> 00:05:37,640 Speaker 1: making all types of laws, are actually repealing things we 118 00:05:37,640 --> 00:05:41,440 Speaker 1: should say. And you know, the Constitution of the United States, 119 00:05:41,440 --> 00:05:43,760 Speaker 1: which is the law of the land, is not a 120 00:05:43,880 --> 00:05:47,800 Speaker 1: set of rules and regulations that prevents us from doing things. 121 00:05:48,520 --> 00:05:51,640 Speaker 1: It's not what it is. So laws and regulations prevent 122 00:05:51,760 --> 00:05:56,520 Speaker 1: you from doing things potentially to protect people whatever. We 123 00:05:56,600 --> 00:06:00,600 Speaker 1: can debate that some do, obviously, UM. But the Constitution, 124 00:06:00,680 --> 00:06:03,919 Speaker 1: the law of the land of the United States, anyway, UM, 125 00:06:04,120 --> 00:06:06,800 Speaker 1: is not a set of rules that we are restricted 126 00:06:06,800 --> 00:06:08,520 Speaker 1: by that tell us how to act what we can 127 00:06:08,560 --> 00:06:11,039 Speaker 1: you can't do, no, no, no. It's a set of 128 00:06:11,120 --> 00:06:16,120 Speaker 1: rules that restrict the government on taking away our freedoms. 129 00:06:16,160 --> 00:06:17,760 Speaker 1: So we need to think about it a little bit differently, 130 00:06:18,120 --> 00:06:19,359 Speaker 1: and so we'll talk about some of the stuff that 131 00:06:19,360 --> 00:06:21,640 Speaker 1: Supreme Court has been doing. But let's just jump back 132 00:06:21,680 --> 00:06:24,400 Speaker 1: to some of the news at hand. This week in Europe, 133 00:06:25,680 --> 00:06:27,440 Speaker 1: would jump over to Europe for a minute. That these 134 00:06:27,440 --> 00:06:29,279 Speaker 1: things are global you gotta understand it from a global 135 00:06:29,360 --> 00:06:33,440 Speaker 1: um level. So in Europe, the European Union seeks a 136 00:06:33,560 --> 00:06:37,599 Speaker 1: deal on a ground breaking I love the sound of 137 00:06:37,640 --> 00:06:41,400 Speaker 1: that groundbreaking. It's so new, it's shattering, you can't believe it. 138 00:06:41,560 --> 00:06:45,120 Speaker 1: To regulate cryptocurrencies. So they want to regular cryptocurrencies. Of course. 139 00:06:45,400 --> 00:06:46,640 Speaker 1: You know. One of the things I hear all the 140 00:06:46,640 --> 00:06:49,880 Speaker 1: time is like, Oh, the government's gonna regulate bitcoin, And 141 00:06:49,920 --> 00:06:52,479 Speaker 1: I'm like, really, they already do. As a matter of fact, 142 00:06:52,480 --> 00:06:55,799 Speaker 1: bitcoin is the most regulated asset in the United States. 143 00:06:55,800 --> 00:06:58,880 Speaker 1: I believe it's regulated by every single institution in the 144 00:06:58,960 --> 00:07:02,960 Speaker 1: United States, the SEC, c MTC, fence in U, the 145 00:07:03,040 --> 00:07:05,280 Speaker 1: I R S. Exactly, they've already all regulated. So what 146 00:07:05,279 --> 00:07:07,760 Speaker 1: do you mean they're going to But of course, uh, 147 00:07:07,960 --> 00:07:10,240 Speaker 1: I guess they could do more regulations. It is already 148 00:07:10,240 --> 00:07:11,920 Speaker 1: the most regulated here here we have more so the 149 00:07:11,920 --> 00:07:15,080 Speaker 1: European Union on Thursday, will seek agreement on Like I said, 150 00:07:15,080 --> 00:07:18,120 Speaker 1: there is a quote unquote groundbreaking rules for regulating crypto 151 00:07:18,160 --> 00:07:22,080 Speaker 1: assets that says the deal would put the EU, the 152 00:07:22,280 --> 00:07:27,679 Speaker 1: European Union, ahead of the global regulatory pack. Of course, 153 00:07:27,720 --> 00:07:30,800 Speaker 1: everybody should everybody should try to win that race to 154 00:07:30,840 --> 00:07:34,680 Speaker 1: be the most aggressive, the most heavy regulated country. That 155 00:07:34,720 --> 00:07:37,800 Speaker 1: seems like a badge of pride. By giving issues of 156 00:07:37,800 --> 00:07:43,000 Speaker 1: crypto assets and providers of related services a passport a passport? 157 00:07:43,120 --> 00:07:46,280 Speaker 1: What does that mean? So I have to now get approval. 158 00:07:46,640 --> 00:07:50,440 Speaker 1: I have to receive a passport from the government. Now 159 00:07:50,480 --> 00:07:53,120 Speaker 1: I'm gonna remind you of a quote from Iron Rand 160 00:07:53,200 --> 00:07:55,640 Speaker 1: and from the book Atlas Shrug, which if you haven't 161 00:07:55,680 --> 00:07:58,480 Speaker 1: read Atlas Shrug, you certainly should have talked about it 162 00:07:58,560 --> 00:08:01,680 Speaker 1: quite extensively, because it basically tells you what's going on 163 00:08:01,680 --> 00:08:04,760 Speaker 1: in the world today. Um, if you don't like to read, 164 00:08:04,880 --> 00:08:07,040 Speaker 1: there's a movie that you can make. Just google it. 165 00:08:07,120 --> 00:08:09,400 Speaker 1: It's a pretty good movie. But she says that when 166 00:08:09,400 --> 00:08:15,320 Speaker 1: you must seek permission to produce from men who produce nothing, 167 00:08:15,680 --> 00:08:17,520 Speaker 1: that you know, we're at the end of a society. 168 00:08:17,720 --> 00:08:19,280 Speaker 1: And so that's exactly what we have to now, we 169 00:08:19,320 --> 00:08:23,360 Speaker 1: have to get quote unquote their words, a passport from 170 00:08:23,800 --> 00:08:25,760 Speaker 1: we have to have now permission to produce. We have 171 00:08:25,800 --> 00:08:28,120 Speaker 1: to get this passport from men who produced nothing. So 172 00:08:28,160 --> 00:08:30,240 Speaker 1: these regulators, they don't know what they're doing. They've never 173 00:08:30,280 --> 00:08:34,079 Speaker 1: produced anything. It says here that the European Parliament in 174 00:08:34,120 --> 00:08:36,160 Speaker 1: the U States meet to thrash out a deal in 175 00:08:36,200 --> 00:08:38,600 Speaker 1: the markets in a crypto assets, which is called MIKA 176 00:08:38,840 --> 00:08:42,680 Speaker 1: m I see a markets in crypto assets which could 177 00:08:42,720 --> 00:08:45,760 Speaker 1: come into force around the end of three So we 178 00:08:45,840 --> 00:08:47,760 Speaker 1: stop about a year and a half before these really 179 00:08:47,800 --> 00:08:49,520 Speaker 1: take off. I want to explain to you what this 180 00:08:49,600 --> 00:08:51,960 Speaker 1: is and what this really means. And there's a second 181 00:08:52,520 --> 00:08:54,760 Speaker 1: bill and regulation that the EU is trying to put through. 182 00:08:55,040 --> 00:08:57,480 Speaker 1: And it's not just about Europe. This is what's happening 183 00:08:57,480 --> 00:08:59,280 Speaker 1: in the United States as well. You need to understand 184 00:08:59,320 --> 00:09:01,160 Speaker 1: that we're to talk about, like I said, some of 185 00:09:01,160 --> 00:09:03,880 Speaker 1: these um bigger problems with the spills into that we're 186 00:09:03,880 --> 00:09:06,240 Speaker 1: already seen in the financial system and and the damage 187 00:09:06,280 --> 00:09:08,320 Speaker 1: has been done there, and we'll talk about like I said, 188 00:09:09,559 --> 00:09:13,240 Speaker 1: I mean the big, big, big below that the United 189 00:09:13,240 --> 00:09:16,800 Speaker 1: States suffered this week. In this regard that and more. 190 00:09:16,800 --> 00:09:19,800 Speaker 1: You listen to the Mark Moa show, talking about bitcoin, cryptocurrencies, 191 00:09:19,840 --> 00:09:24,920 Speaker 1: the decentralized revolution, looking at politics, finance, and technology, trying 192 00:09:24,960 --> 00:09:26,840 Speaker 1: to make sense of this crazy world today. I'll be 193 00:09:26,880 --> 00:09:28,680 Speaker 1: back with all of that and more in a second, 194 00:09:28,840 --> 00:09:31,280 Speaker 1: So don't go away, all right, Welcome back. You were 195 00:09:31,280 --> 00:09:34,280 Speaker 1: listening to an episode of the Markma Show. We're talking about, 196 00:09:34,280 --> 00:09:36,559 Speaker 1: of course, each and every week, the decentralized revolution, the 197 00:09:36,559 --> 00:09:38,920 Speaker 1: way the world is changing right before our eyes, being 198 00:09:38,960 --> 00:09:42,400 Speaker 1: led of course by new technologies like bitcoin cryptocurrencies. And 199 00:09:42,400 --> 00:09:45,800 Speaker 1: we're talking specifically about um starting at the top with 200 00:09:45,840 --> 00:09:48,000 Speaker 1: some new laws that the European Union put into place, 201 00:09:48,040 --> 00:09:50,160 Speaker 1: and of course what this means and how it could 202 00:09:50,160 --> 00:09:51,480 Speaker 1: come to the United States and what it means for 203 00:09:51,520 --> 00:09:53,880 Speaker 1: the bigger picture. And so we're talking about the the 204 00:09:53,960 --> 00:09:56,719 Speaker 1: European Union is meeting to hash out a deal on 205 00:09:56,760 --> 00:09:59,520 Speaker 1: a new law called MIKA m I c A markets 206 00:09:59,520 --> 00:10:03,600 Speaker 1: in crypto assets come into effect at end. And there's 207 00:10:03,600 --> 00:10:07,240 Speaker 1: really three things that they're looking at, three issues remaining 208 00:10:07,400 --> 00:10:09,800 Speaker 1: that they're that they want to deal with, and one 209 00:10:09,920 --> 00:10:14,400 Speaker 1: is n f t S non fungible tokens. Two is 210 00:10:14,520 --> 00:10:19,520 Speaker 1: supervision of this whole space. And then I'm gonna laugh 211 00:10:19,559 --> 00:10:23,559 Speaker 1: a minute. Hang on the third one is energy consumption. 212 00:10:25,400 --> 00:10:28,200 Speaker 1: So let's think about that for a second. U n 213 00:10:28,240 --> 00:10:34,840 Speaker 1: f T S supervision and energy consumption. So let let's 214 00:10:34,840 --> 00:10:38,160 Speaker 1: start with that third one for a second energy consumption. 215 00:10:38,240 --> 00:10:42,640 Speaker 1: So the European Commission would assess the energy footprint of 216 00:10:42,760 --> 00:10:54,280 Speaker 1: crypto assets. Okay, do they regulate the energy footprint of everything? So? 217 00:10:54,679 --> 00:10:56,520 Speaker 1: I mean, obviously we see they're trying to have like 218 00:10:56,559 --> 00:11:01,640 Speaker 1: a transition away from fossil fuel cars, ice engines, internal 219 00:11:01,679 --> 00:11:05,400 Speaker 1: combustion engine cars moving to electric vehicles, which we just 220 00:11:05,480 --> 00:11:08,320 Speaker 1: moved the engine from the from the car and we 221 00:11:08,400 --> 00:11:11,040 Speaker 1: moved to the side. Still have to have an engine 222 00:11:11,040 --> 00:11:14,800 Speaker 1: to create the electricity or the energy. But do we 223 00:11:15,040 --> 00:11:20,160 Speaker 1: regulate how much energy gold mining uses, or the Fiat 224 00:11:20,160 --> 00:11:24,160 Speaker 1: money system or the banking system, or how about YouTube? 225 00:11:24,400 --> 00:11:28,360 Speaker 1: Or how much clothes dryers use or washing machines? Do 226 00:11:28,400 --> 00:11:34,800 Speaker 1: we regulate any of that now? Um, for comparison's sake, Um, 227 00:11:34,840 --> 00:11:40,040 Speaker 1: clothes dryers use way more energy than a bitcoin network does, 228 00:11:40,080 --> 00:11:41,400 Speaker 1: for example. And what the heck do you need to 229 00:11:41,400 --> 00:11:42,800 Speaker 1: close drive for I mean, you can't you just hang 230 00:11:42,880 --> 00:11:45,480 Speaker 1: them in your backyard on a line, Like what a 231 00:11:45,520 --> 00:11:48,319 Speaker 1: waste of energy to try to dry your clothes when 232 00:11:48,320 --> 00:11:51,920 Speaker 1: they could just dry naturally. Right. What about YouTube? YouTube 233 00:11:52,000 --> 00:11:54,920 Speaker 1: uses way more energy, and so what a waste of 234 00:11:54,920 --> 00:11:58,760 Speaker 1: your time just sitting there watching stupid videos? Right? So anyway, 235 00:11:58,840 --> 00:12:01,680 Speaker 1: do they do they the energy footprint of all things? 236 00:12:01,760 --> 00:12:04,880 Speaker 1: Of course not? And who are they to decide how 237 00:12:05,000 --> 00:12:07,240 Speaker 1: you should be able to use your own energy? Now, 238 00:12:07,280 --> 00:12:09,440 Speaker 1: the world that I grew up in, which wasn't near 239 00:12:09,480 --> 00:12:12,360 Speaker 1: as technologically advanced as the one we have today, didn't 240 00:12:12,559 --> 00:12:16,080 Speaker 1: have problems creating electricity. As a matter of fact, creating 241 00:12:16,120 --> 00:12:18,200 Speaker 1: electricity has been known how to We've known how to 242 00:12:18,200 --> 00:12:20,559 Speaker 1: do that for over a hundred years. It's pretty easy. 243 00:12:20,600 --> 00:12:24,960 Speaker 1: Anyone who can create electricity very very easily today. So 244 00:12:25,040 --> 00:12:26,040 Speaker 1: the fact that we even have to deal with that, 245 00:12:26,080 --> 00:12:29,520 Speaker 1: it's pretty crazy. But let's keep going into this bill. Um, 246 00:12:29,640 --> 00:12:31,559 Speaker 1: So some other things that they want to do again, 247 00:12:31,600 --> 00:12:32,840 Speaker 1: like I said, they want to look at n f 248 00:12:32,920 --> 00:12:38,000 Speaker 1: T s and then they want more supervision over those things. Um. 249 00:12:38,040 --> 00:12:40,199 Speaker 1: This has been you know a lot of the cryptocids 250 00:12:40,280 --> 00:12:42,320 Speaker 1: come under pressure because of the collapse of this Terra 251 00:12:42,440 --> 00:12:44,920 Speaker 1: Luna token, which I've been talking about for several weeks. 252 00:12:45,880 --> 00:12:48,920 Speaker 1: Terra Luna has basically led to this contagion downward spiral. 253 00:12:48,920 --> 00:12:52,880 Speaker 1: We're seeing the entire cryptocurrency market cap falling down and 254 00:12:53,040 --> 00:12:57,280 Speaker 1: celsius Um crashed out, and now it's spreading into new 255 00:12:57,360 --> 00:13:00,040 Speaker 1: new form new firms like three A C. Except that 256 00:13:00,040 --> 00:13:03,000 Speaker 1: are We're gonna talk more about that later. But that's 257 00:13:03,040 --> 00:13:05,240 Speaker 1: the only that's only the first thing. That's this meek 258 00:13:05,320 --> 00:13:07,200 Speaker 1: up bill M I, C A. But there's another one, 259 00:13:07,559 --> 00:13:11,360 Speaker 1: and the European systemat Systemic Risk Board, the e s 260 00:13:11,480 --> 00:13:16,040 Speaker 1: RB sounds pretty serious. European Systemic Risk Board has deemed 261 00:13:16,040 --> 00:13:20,240 Speaker 1: it quote unquote a matter of urgency to consider the 262 00:13:20,240 --> 00:13:22,920 Speaker 1: need for additional regulatory measures and policy steps to adjust 263 00:13:22,920 --> 00:13:27,120 Speaker 1: the potential threat that crypto assets could pose to the 264 00:13:27,200 --> 00:13:34,880 Speaker 1: financial system. Huh so people being free to experiment and 265 00:13:34,920 --> 00:13:38,959 Speaker 1: try new things, you know, a little bit of assets here, like, uh, 266 00:13:39,480 --> 00:13:43,600 Speaker 1: what are we at? You know, a few billion dollars, 267 00:13:43,720 --> 00:13:47,160 Speaker 1: a few hundred billion dollars. That's a threat to the 268 00:13:47,440 --> 00:13:54,719 Speaker 1: entire financial system. What about the central bankers creating trillions 269 00:13:54,760 --> 00:13:59,360 Speaker 1: of dollars, manipulating the price of everything, price fixing, price 270 00:13:59,440 --> 00:14:03,640 Speaker 1: fixing interest rates? What about that? What about the fact 271 00:14:03,640 --> 00:14:06,800 Speaker 1: that Christine Legarde from the e c B or from 272 00:14:06,840 --> 00:14:09,000 Speaker 1: the i m F, formerly of the ECB, now at 273 00:14:09,040 --> 00:14:12,200 Speaker 1: the i m F. She said, I guess we didn't 274 00:14:12,280 --> 00:14:16,040 Speaker 1: think through all the unintended consequences of printing all this money. 275 00:14:18,120 --> 00:14:20,320 Speaker 1: That's a threat to the financi that's a threat to 276 00:14:20,480 --> 00:14:22,000 Speaker 1: your way of life. It's a threat to my way 277 00:14:22,040 --> 00:14:25,560 Speaker 1: of life. It's the reason why, to her point, we 278 00:14:25,600 --> 00:14:29,640 Speaker 1: didn't think through the unintended consequences. What unintended consequences was 279 00:14:29,680 --> 00:14:32,640 Speaker 1: she talking about? Oh, you know, the price of natural 280 00:14:32,640 --> 00:14:34,600 Speaker 1: gas going up by a thousand percent. We didn't think 281 00:14:34,600 --> 00:14:36,960 Speaker 1: about that. We didn't think that we need natural gas 282 00:14:36,960 --> 00:14:38,960 Speaker 1: to make fertilizer, which is needed to make food, and 283 00:14:39,000 --> 00:14:42,240 Speaker 1: now we have potentially hundreds of millions of not billions 284 00:14:42,240 --> 00:14:45,720 Speaker 1: of people starving to death. We didn't think about that. 285 00:14:45,720 --> 00:14:49,760 Speaker 1: That's those are the unintended consequences that she's talking about. Um, 286 00:14:49,840 --> 00:14:53,840 Speaker 1: but supposedly if you and I we mess around with 287 00:14:53,920 --> 00:14:57,240 Speaker 1: some free market stuff and some cryptocurrencies, that we're going 288 00:14:57,280 --> 00:15:01,280 Speaker 1: to put the financial system at risk. We're talking hundreds 289 00:15:01,280 --> 00:15:03,120 Speaker 1: of chillions of dollars in the financial system. We're talking 290 00:15:03,160 --> 00:15:06,600 Speaker 1: a little tiny speck of cryptocurrencies, and it's gonna put 291 00:15:06,600 --> 00:15:08,480 Speaker 1: the whole financial system at risk, and we have to 292 00:15:08,480 --> 00:15:12,560 Speaker 1: address that, even though we have Christine Leguard playing with 293 00:15:12,680 --> 00:15:15,480 Speaker 1: everybody's lives and not just let's talk about the United States. 294 00:15:15,560 --> 00:15:18,800 Speaker 1: J Powe just this week came out and said, Jerome Powell, 295 00:15:19,440 --> 00:15:22,000 Speaker 1: for those of you that aren't keeping up here, Jerome Pow, 296 00:15:22,160 --> 00:15:24,440 Speaker 1: who's head of the most powerful central bank in the world, 297 00:15:24,440 --> 00:15:28,240 Speaker 1: which is the Federal Reserve of the United States. He said, well, 298 00:15:28,280 --> 00:15:31,240 Speaker 1: if there's one thing we've learned, it's that we don't 299 00:15:31,240 --> 00:15:36,520 Speaker 1: know very much about controlling inflation. Hmm. So they're just 300 00:15:36,560 --> 00:15:40,000 Speaker 1: willy nilly printing five trillion, six trillion, eight trillion dollars 301 00:15:40,480 --> 00:15:44,640 Speaker 1: without understanding what they're even doing, which is putting the 302 00:15:44,760 --> 00:15:47,160 Speaker 1: entire financial system at risk, which is of course, is 303 00:15:47,240 --> 00:15:50,360 Speaker 1: driving home prices up, driving rents through the roof, driving 304 00:15:50,400 --> 00:15:53,920 Speaker 1: your gas prices up two levels that you can't even 305 00:15:53,960 --> 00:15:57,480 Speaker 1: afford anymore. But a little bit of experiment around with 306 00:15:57,480 --> 00:16:00,160 Speaker 1: some cryptocurrencies is a threat to the financial system. It's 307 00:16:00,200 --> 00:16:02,200 Speaker 1: pretty rich coming from them, so of course they want 308 00:16:02,240 --> 00:16:05,080 Speaker 1: additional regulatory measures to deal with that. Um It says 309 00:16:05,080 --> 00:16:07,960 Speaker 1: they're responsible for ensuring the stability of the financial system 310 00:16:08,120 --> 00:16:11,800 Speaker 1: in the EU and while crypto assets currently have a 311 00:16:11,840 --> 00:16:16,320 Speaker 1: limited hold on the system. These risks could materialize quickly 312 00:16:16,360 --> 00:16:19,800 Speaker 1: and suddenly, they say. The e s r B, which 313 00:16:19,800 --> 00:16:22,920 Speaker 1: again is the European Systemic Risk Board, also hopes to 314 00:16:23,000 --> 00:16:30,560 Speaker 1: identify cryptos possible systemic implications on the EU financial system. So, 315 00:16:30,720 --> 00:16:37,040 Speaker 1: you know, look, if we think think, let's let's let's 316 00:16:37,040 --> 00:16:38,640 Speaker 1: think about this from a higher level, a little bit 317 00:16:38,640 --> 00:16:42,360 Speaker 1: more of a philosophical level. For example, freedom is not safe. 318 00:16:42,360 --> 00:16:44,160 Speaker 1: Safe is not free. So what do I mean by that. 319 00:16:44,280 --> 00:16:46,160 Speaker 1: Let's let's let's look at the lion. The lion is 320 00:16:46,200 --> 00:16:47,760 Speaker 1: the king of the jungle. The lion is the most 321 00:16:47,760 --> 00:16:50,880 Speaker 1: powerful animal now in the jungle or in the in 322 00:16:50,920 --> 00:16:53,560 Speaker 1: the Sahara plane, wherever it is right, it can kill anything. 323 00:16:53,640 --> 00:16:55,640 Speaker 1: There's no there's no hunters, I mean other than man 324 00:16:55,720 --> 00:16:57,760 Speaker 1: right at the top of the food chain. Now it's 325 00:16:57,760 --> 00:17:00,840 Speaker 1: not it's free. It's free to do it at once, 326 00:17:00,880 --> 00:17:02,720 Speaker 1: but it's not a it's not a safe life. So 327 00:17:02,760 --> 00:17:04,600 Speaker 1: the lion has to fight other lions. You know, it 328 00:17:04,640 --> 00:17:06,200 Speaker 1: doesn't know if it's going to get food. It could 329 00:17:06,240 --> 00:17:08,680 Speaker 1: get you know, hunted, killed by human um. So it's 330 00:17:08,720 --> 00:17:10,480 Speaker 1: it's free, but it's not safe. Now we could take 331 00:17:10,480 --> 00:17:12,840 Speaker 1: that lion, and we could put it into a cage, 332 00:17:13,880 --> 00:17:16,159 Speaker 1: and we can keep that lion safe in a cage. 333 00:17:16,240 --> 00:17:17,480 Speaker 1: We can give it one meal a day, and we 334 00:17:17,480 --> 00:17:21,159 Speaker 1: can pump it full of antibiotics and it's safe. But 335 00:17:21,200 --> 00:17:23,480 Speaker 1: it's certainly not free anymore. And so we can have 336 00:17:23,640 --> 00:17:27,560 Speaker 1: all of these guardrails put around us where um, we're 337 00:17:27,600 --> 00:17:31,480 Speaker 1: basically in a cage and they keep us safe from ourselves, 338 00:17:32,240 --> 00:17:35,320 Speaker 1: but we're certainly not free. I'm not sure which side 339 00:17:35,359 --> 00:17:37,080 Speaker 1: you're on on that. I'd love to find out. I'd 340 00:17:37,080 --> 00:17:38,440 Speaker 1: love for you to hit me up on social media 341 00:17:38,520 --> 00:17:40,600 Speaker 1: at one Mark Moss at It's just the number one 342 00:17:40,600 --> 00:17:42,159 Speaker 1: Mark Moss semi message. Let me know do you want 343 00:17:42,200 --> 00:17:43,399 Speaker 1: to be free or do you want to be safe? 344 00:17:43,640 --> 00:17:45,520 Speaker 1: I want to talk more about these regulations are put 345 00:17:45,520 --> 00:17:46,680 Speaker 1: into place, and then I want to talk about the 346 00:17:46,680 --> 00:17:48,600 Speaker 1: bigger problem that we're seeing in the United States, the 347 00:17:48,680 --> 00:17:53,080 Speaker 1: backfiring of this and how this week, especially in California, 348 00:17:53,200 --> 00:17:55,760 Speaker 1: it has backfired in a massive way. You could potentially 349 00:17:55,760 --> 00:17:58,240 Speaker 1: be at risk and what this means. You're listening to 350 00:17:58,280 --> 00:18:00,719 Speaker 1: the Mark Moa show talking about the decent realized Revolution, 351 00:18:00,760 --> 00:18:04,280 Speaker 1: talking about bitcoin, cryptocurrencies through the lens of politics, finance 352 00:18:04,320 --> 00:18:06,159 Speaker 1: and technology. I got a lot more to cover in 353 00:18:06,200 --> 00:18:08,280 Speaker 1: a minute when I come back, So don't go away, 354 00:18:08,720 --> 00:18:10,840 Speaker 1: all right, welcome back. You're listening to the Markma Show. 355 00:18:10,880 --> 00:18:15,280 Speaker 1: We're talking about the decentralized revolution. We're talking about bitcoin, 356 00:18:15,359 --> 00:18:19,000 Speaker 1: cryptocurrencies changing the world and what's happening because of that. 357 00:18:19,080 --> 00:18:20,840 Speaker 1: Of course, we're looking at through the lens of politics, 358 00:18:20,840 --> 00:18:24,800 Speaker 1: finance and technology, and we're talking about specifically laws and 359 00:18:24,840 --> 00:18:27,840 Speaker 1: regulations that are being imposed by the EU. UM, and 360 00:18:27,880 --> 00:18:31,080 Speaker 1: they're pretty vague. We don't know what we're gonna do, 361 00:18:31,200 --> 00:18:33,920 Speaker 1: but we're gonna do something because we have to keep 362 00:18:34,000 --> 00:18:38,399 Speaker 1: you safe. Now safe as a relative term. Um. You know, 363 00:18:38,440 --> 00:18:40,680 Speaker 1: in the United States, we can go by as many 364 00:18:40,840 --> 00:18:43,920 Speaker 1: lottery tickets as we want, which the chance of winning 365 00:18:44,040 --> 00:18:46,160 Speaker 1: is basically none. We can of course, go to Vegas 366 00:18:46,320 --> 00:18:49,959 Speaker 1: and we can gamble away even with credit. Um, you know, 367 00:18:50,160 --> 00:18:54,240 Speaker 1: all of our money. No big deal. UM, but heaven 368 00:18:54,320 --> 00:18:57,520 Speaker 1: forbid you, you know, experiment around with some cryptocurrencies or 369 00:18:57,560 --> 00:18:59,960 Speaker 1: something like that. Um. But what are some of the 370 00:19:00,119 --> 00:19:02,679 Speaker 1: bigger implications of this? All right? So some of the 371 00:19:02,680 --> 00:19:07,639 Speaker 1: things that they really want to get under control is um. Well, 372 00:19:07,760 --> 00:19:09,560 Speaker 1: and the tools they would use to get stuff under 373 00:19:09,560 --> 00:19:12,080 Speaker 1: control is to first get a handle on who it 374 00:19:12,400 --> 00:19:16,640 Speaker 1: is that is using these things. Right, So cryptocurrencies are 375 00:19:17,200 --> 00:19:20,720 Speaker 1: kind of somewhat anonymous, meaning um, they go outside of 376 00:19:20,720 --> 00:19:23,840 Speaker 1: the financial system, but the financial system is controlled. And 377 00:19:23,880 --> 00:19:25,919 Speaker 1: there's two main things that they use to control the 378 00:19:25,920 --> 00:19:28,560 Speaker 1: financial system or to track it. And that's one k 379 00:19:28,920 --> 00:19:30,840 Speaker 1: y C. You might have heard that term before. The 380 00:19:30,880 --> 00:19:33,280 Speaker 1: second one is a m L. So k y C 381 00:19:33,480 --> 00:19:36,200 Speaker 1: is something called no your Customer, and a m L 382 00:19:36,359 --> 00:19:39,000 Speaker 1: is something known as anti money laundry. And are These 383 00:19:39,000 --> 00:19:41,640 Speaker 1: two things were put into place after the two thousand one, 384 00:19:43,160 --> 00:19:46,480 Speaker 1: nine eleven attack on the on the World Trade Centers UM, 385 00:19:46,520 --> 00:19:49,800 Speaker 1: the patriotach was put into place UM. And while it 386 00:19:49,800 --> 00:19:53,199 Speaker 1: was a tragic day for America being attacked and for 387 00:19:53,280 --> 00:19:55,520 Speaker 1: the people that that unfortunately lost their lives there, it 388 00:19:55,600 --> 00:19:57,720 Speaker 1: was an even more tragic day for the rest of 389 00:19:57,760 --> 00:20:02,840 Speaker 1: Americans who lost more freed ums that day than anytime 390 00:20:02,840 --> 00:20:05,800 Speaker 1: in all of history. And part of the freedoms that 391 00:20:05,800 --> 00:20:10,480 Speaker 1: we lost were the freedom to transact our own money. Now, 392 00:20:10,480 --> 00:20:13,560 Speaker 1: without the freedom to transact, we have no freedom. So 393 00:20:13,600 --> 00:20:16,199 Speaker 1: if I can't pay for certain things, I have no 394 00:20:16,280 --> 00:20:19,080 Speaker 1: freedom right, so I have freedom to freedom of speech 395 00:20:19,119 --> 00:20:20,639 Speaker 1: but if I can't pay to get a phone or 396 00:20:20,680 --> 00:20:22,280 Speaker 1: a computer to go on the internet, or pay to 397 00:20:22,280 --> 00:20:24,399 Speaker 1: build a website or print a flyer, how much freedom 398 00:20:24,400 --> 00:20:26,720 Speaker 1: of speech do I have? If I have freedom of 399 00:20:26,720 --> 00:20:28,920 Speaker 1: of assembly, but if I can't pay to put gas 400 00:20:28,960 --> 00:20:30,600 Speaker 1: in my truck to drive to the assembly, or pay 401 00:20:30,640 --> 00:20:32,240 Speaker 1: for food when I get to the assembly, how do 402 00:20:32,280 --> 00:20:34,919 Speaker 1: I freedom of assembly? I have freedom of religion, but 403 00:20:34,960 --> 00:20:36,960 Speaker 1: if my church can't pay for a building, how do 404 00:20:37,000 --> 00:20:39,000 Speaker 1: we have freedom of religion? And so it all starts 405 00:20:39,000 --> 00:20:41,439 Speaker 1: with the freedom of payments, and of course they've taken 406 00:20:41,480 --> 00:20:43,960 Speaker 1: that away because they regulate something like I said, k 407 00:20:44,119 --> 00:20:45,800 Speaker 1: y C a m L So k y C means 408 00:20:45,800 --> 00:20:48,399 Speaker 1: that you have to know your customer, and that means 409 00:20:48,440 --> 00:20:52,720 Speaker 1: that every financial institution has to know their customers. They 410 00:20:52,720 --> 00:20:55,760 Speaker 1: have to know you. What's your name, what's your address, 411 00:20:55,960 --> 00:20:59,600 Speaker 1: what's your I D, etcetera. Right, And so they've put 412 00:20:59,640 --> 00:21:02,680 Speaker 1: these relations on top of cryptocurrency. So if you want 413 00:21:02,720 --> 00:21:05,320 Speaker 1: to go buy bitcoin or cryptocurrency at coin base or 414 00:21:05,320 --> 00:21:08,000 Speaker 1: something like that, you have to put all your information 415 00:21:08,080 --> 00:21:11,160 Speaker 1: in the system, uh, including taking a picture of your 416 00:21:11,160 --> 00:21:14,000 Speaker 1: I D, uploading all of that. So it's done to 417 00:21:14,080 --> 00:21:17,720 Speaker 1: the banking system and again this is new. Think think 418 00:21:17,720 --> 00:21:21,960 Speaker 1: about for all of history, none of this was monitored. 419 00:21:22,080 --> 00:21:25,040 Speaker 1: Right we had we used gold as money obviously for 420 00:21:25,080 --> 00:21:27,399 Speaker 1: five thousand years, we used rocks and feathers, and if 421 00:21:27,440 --> 00:21:29,679 Speaker 1: I paid with gold, I used gold coins. There was 422 00:21:29,720 --> 00:21:33,880 Speaker 1: no k y C. There was no databases that stored 423 00:21:34,040 --> 00:21:38,840 Speaker 1: everybody's most personal information. And even when we got into 424 00:21:38,840 --> 00:21:42,240 Speaker 1: the money the you know, the Fiat monetary system, you 425 00:21:42,280 --> 00:21:47,920 Speaker 1: know after basically gold was seized in three and even then, 426 00:21:48,000 --> 00:21:51,200 Speaker 1: even through one it wasn't really regulated. Now they're starting 427 00:21:51,240 --> 00:21:54,280 Speaker 1: to be more like bank secrecy acts. So than for example, um, 428 00:21:54,280 --> 00:21:57,320 Speaker 1: they put in the policy where transactions of more than 429 00:21:57,359 --> 00:22:01,840 Speaker 1: ten thousand dollars needed to um get that kise to 430 00:22:01,880 --> 00:22:04,680 Speaker 1: get that that that information. But I'll have you understand 431 00:22:04,680 --> 00:22:06,600 Speaker 1: that at the time when that rule is put into place, 432 00:22:07,080 --> 00:22:09,639 Speaker 1: based off of inflation, that was equivalent to about eighty 433 00:22:09,720 --> 00:22:13,760 Speaker 1: thou dollars of today's of dollars, and today's today ten 434 00:22:13,800 --> 00:22:16,359 Speaker 1: thousand dollars is equivalent to you know whatever, I don't know, 435 00:22:16,400 --> 00:22:19,320 Speaker 1: a thousand dollars back back then. And so they've really 436 00:22:19,359 --> 00:22:22,479 Speaker 1: just clamped down on what we can do. Now. This 437 00:22:22,600 --> 00:22:26,000 Speaker 1: may sound like a good idea, to you, But is 438 00:22:26,040 --> 00:22:29,679 Speaker 1: it really have you thought through the pros and cons 439 00:22:29,720 --> 00:22:31,600 Speaker 1: of each one of these things to grab all of 440 00:22:31,600 --> 00:22:35,639 Speaker 1: the information. Now, the first thing is to use the 441 00:22:35,720 --> 00:22:39,520 Speaker 1: financial system, the global financial system. You have to be 442 00:22:39,640 --> 00:22:42,000 Speaker 1: able to put your information in. You have to have 443 00:22:42,160 --> 00:22:43,560 Speaker 1: the idea, you have to have the you know, the 444 00:22:43,600 --> 00:22:47,200 Speaker 1: government I D and all that. You have to have permission. 445 00:22:47,920 --> 00:22:51,720 Speaker 1: Now that's a problem for people that don't have that information. Now, 446 00:22:51,720 --> 00:22:53,800 Speaker 1: if you're in the United States, you might say, well, 447 00:22:53,800 --> 00:22:56,960 Speaker 1: everybody has that information, right. Well, let's see, there's a 448 00:22:57,000 --> 00:23:01,400 Speaker 1: whole battle going on over voting, and supposedly it's a 449 00:23:01,520 --> 00:23:05,200 Speaker 1: racist to ask people to show an I D to 450 00:23:05,440 --> 00:23:11,280 Speaker 1: vote because supposedly, um, black people and minorities aren't smart 451 00:23:11,359 --> 00:23:13,280 Speaker 1: enough to go get an I D. I think that's 452 00:23:13,359 --> 00:23:15,399 Speaker 1: racist to insinuate that they're not smart enough to get 453 00:23:15,400 --> 00:23:17,879 Speaker 1: an I D. But the point is is that the 454 00:23:18,240 --> 00:23:22,960 Speaker 1: Democrats are so dug in on preventing, uh, preventing any 455 00:23:22,960 --> 00:23:24,480 Speaker 1: type of policy that would require you to show an 456 00:23:24,480 --> 00:23:27,359 Speaker 1: ID to vote because supposedly it's racist minorities can't get 457 00:23:27,359 --> 00:23:29,000 Speaker 1: an I D. Well, if they can't get an ID, 458 00:23:29,600 --> 00:23:33,320 Speaker 1: then they can't get into the financial system. Think about 459 00:23:33,320 --> 00:23:35,800 Speaker 1: that for a second. So is the financial system racist? 460 00:23:38,359 --> 00:23:40,120 Speaker 1: You gotta you gotta look at it from both sides. 461 00:23:40,160 --> 00:23:42,120 Speaker 1: Here you can't have your way and needed to your 462 00:23:42,119 --> 00:23:44,080 Speaker 1: cake and need it too. Right now, this is just 463 00:23:44,119 --> 00:23:46,720 Speaker 1: the United States. What about the world now? Purther you 464 00:23:46,760 --> 00:23:50,560 Speaker 1: in about half of the adults in the world today 465 00:23:50,760 --> 00:23:55,840 Speaker 1: have no access to banking two reasons, well mainly just 466 00:23:55,960 --> 00:24:01,200 Speaker 1: one reason. They don't have permission to join. Now either 467 00:24:01,280 --> 00:24:04,159 Speaker 1: they don't have the required documents to join, or to 468 00:24:04,680 --> 00:24:07,080 Speaker 1: they're from an area that doesn't allow them to join. 469 00:24:07,280 --> 00:24:09,880 Speaker 1: So for example, you're a fifteen year old kid growing 470 00:24:09,960 --> 00:24:13,720 Speaker 1: up in Iran, Um, you start, you create an Instagram account, 471 00:24:13,720 --> 00:24:16,120 Speaker 1: you want to start a little business, but nope, you can't. 472 00:24:16,160 --> 00:24:18,320 Speaker 1: You can't join the global financial system because you're in 473 00:24:18,320 --> 00:24:21,560 Speaker 1: a country that doesn't allow it. And so um, about 474 00:24:21,680 --> 00:24:24,280 Speaker 1: half the adults in the world today have no access 475 00:24:24,280 --> 00:24:27,879 Speaker 1: to the finance system because of policies like this. And 476 00:24:27,960 --> 00:24:30,040 Speaker 1: so we have to think about risk and reward. How 477 00:24:30,080 --> 00:24:33,480 Speaker 1: many people are we helping versus how many people are 478 00:24:33,480 --> 00:24:35,280 Speaker 1: we hurting. So if we take a look at this, 479 00:24:35,320 --> 00:24:38,360 Speaker 1: so like k y C know your customer is extremely 480 00:24:38,480 --> 00:24:40,119 Speaker 1: dangerous and I would even go as far as to 481 00:24:40,160 --> 00:24:43,840 Speaker 1: say it's useless. Now. Um, the thing with money, first 482 00:24:43,840 --> 00:24:47,719 Speaker 1: of all, is that money. If you lose it, you know, 483 00:24:47,800 --> 00:24:50,760 Speaker 1: it sucks. Nobody wants to lose their money. But if 484 00:24:50,800 --> 00:24:52,920 Speaker 1: you lose it, you can you can get money back, 485 00:24:53,000 --> 00:24:56,000 Speaker 1: You can earn it back. What about your identity? If 486 00:24:56,000 --> 00:24:57,880 Speaker 1: you lose your identity, can you get that back? When 487 00:24:57,880 --> 00:25:01,120 Speaker 1: you when you're when all your personal information is exposed 488 00:25:01,160 --> 00:25:03,440 Speaker 1: and sold on the dark web, do you get that back? 489 00:25:03,480 --> 00:25:07,000 Speaker 1: Of course, the answer is no. Money is replaceable. Identity 490 00:25:07,280 --> 00:25:10,040 Speaker 1: is not. Once it's stolen, it's gone. Now does it 491 00:25:10,080 --> 00:25:14,040 Speaker 1: get stolen? It happens all the time. So all these companies, 492 00:25:14,200 --> 00:25:18,200 Speaker 1: all these cryptocurrency exchanges, all these banks, they're all storing 493 00:25:18,280 --> 00:25:21,720 Speaker 1: to know your customer information and they could hack all 494 00:25:21,840 --> 00:25:24,720 Speaker 1: the time. Experience led to one of the largest data 495 00:25:24,760 --> 00:25:27,879 Speaker 1: breaches in the U S history, and the majority of 496 00:25:27,920 --> 00:25:31,520 Speaker 1: Americans personal information, including their social Security numbers and their 497 00:25:31,520 --> 00:25:34,000 Speaker 1: address and their mother's main names, were put onto the 498 00:25:34,080 --> 00:25:37,119 Speaker 1: dark web. Once that gets out there, it's gone. You 499 00:25:37,240 --> 00:25:39,960 Speaker 1: don't get that back. What are they capturing all this 500 00:25:40,040 --> 00:25:43,760 Speaker 1: information for? So are we doing more harm than good? 501 00:25:44,480 --> 00:25:45,800 Speaker 1: Think about that for a second. Now. One of the 502 00:25:45,840 --> 00:25:48,040 Speaker 1: best ways to protect yourself from identity to have just 503 00:25:48,080 --> 00:25:51,920 Speaker 1: to understand the false assumptions of k y C. Right, So, 504 00:25:52,040 --> 00:25:55,080 Speaker 1: like I said, it's supposed to prevent money laundering and 505 00:25:55,480 --> 00:25:59,000 Speaker 1: terrorist financing because you know, your six dollars that the 506 00:25:59,040 --> 00:26:01,280 Speaker 1: government wants to write late is going to lead to 507 00:26:01,320 --> 00:26:04,280 Speaker 1: all this terror terrorist financing. And never mind the billions 508 00:26:04,280 --> 00:26:08,560 Speaker 1: of dollars that we actually give the terrorists, never mind 509 00:26:08,560 --> 00:26:10,800 Speaker 1: the hundreds of billions of dollars or weapons that we 510 00:26:11,480 --> 00:26:14,880 Speaker 1: gave the terrorists in Afghanistan, or the palates of cash 511 00:26:14,960 --> 00:26:18,240 Speaker 1: that we gave them. Never mind that your six dollars 512 00:26:18,280 --> 00:26:21,879 Speaker 1: could lead to terrorist financing. But the problem is is 513 00:26:21,920 --> 00:26:26,400 Speaker 1: that this k y C endangers mean, it endangers you. 514 00:26:26,880 --> 00:26:30,400 Speaker 1: So what's the bigger risk here? K y C encourages 515 00:26:30,520 --> 00:26:33,040 Speaker 1: identity theft because it creates what we call honey pots. 516 00:26:33,320 --> 00:26:36,000 Speaker 1: It gets to everybody's information and puts them into a database. 517 00:26:36,240 --> 00:26:39,480 Speaker 1: And that's very attractive to hackers. Honeypot. They want to 518 00:26:39,480 --> 00:26:43,280 Speaker 1: go get that. And these organizations that collect this information 519 00:26:43,280 --> 00:26:46,840 Speaker 1: they're super vulnerable to hacks. We've seen it all the time, 520 00:26:47,000 --> 00:26:50,240 Speaker 1: over and over and over, and they get everything. They 521 00:26:50,280 --> 00:26:52,560 Speaker 1: get your personal documents, they get your name, they get 522 00:26:52,600 --> 00:26:55,440 Speaker 1: all of that, and then once they have that, they 523 00:26:55,520 --> 00:26:57,639 Speaker 1: have it. So not only do you get hacked and 524 00:26:57,680 --> 00:27:00,280 Speaker 1: it gets taken, but then it also helps them. So 525 00:27:00,320 --> 00:27:03,400 Speaker 1: now these criminals have everybody's personal information, and so now 526 00:27:03,480 --> 00:27:07,280 Speaker 1: they can go around and use that information to pass 527 00:27:07,359 --> 00:27:10,760 Speaker 1: k y C on their own. So does k y 528 00:27:10,800 --> 00:27:14,679 Speaker 1: C actually prevent the criminals from doing criminal activity? No, 529 00:27:14,840 --> 00:27:16,800 Speaker 1: as a matter of fact, it entices them to be 530 00:27:16,880 --> 00:27:19,119 Speaker 1: more criminal still yours and then use that information to 531 00:27:19,200 --> 00:27:22,880 Speaker 1: get around the very measures that are meant to protect you, 532 00:27:23,160 --> 00:27:25,480 Speaker 1: protect us supposedly, but actually put us more in danger. 533 00:27:26,040 --> 00:27:27,520 Speaker 1: I'm going to talk more about that and then go 534 00:27:27,560 --> 00:27:29,560 Speaker 1: into some big stuff to happen this week that you 535 00:27:29,600 --> 00:27:31,280 Speaker 1: need to be aware of. You're listening to the Mark 536 00:27:31,359 --> 00:27:34,200 Speaker 1: Moa show talking about the decentralized revolution, talking about bitcoin, 537 00:27:34,200 --> 00:27:38,240 Speaker 1: cryptocurrencies of course, looking at through politics, finance, and technology. 538 00:27:39,320 --> 00:27:40,399 Speaker 1: Going on a little bit of a ramp. But I 539 00:27:40,440 --> 00:27:42,320 Speaker 1: got a lot more to cover in a minute. Like 540 00:27:42,320 --> 00:27:43,879 Speaker 1: I said, I want to talk more about this k 541 00:27:44,119 --> 00:27:47,120 Speaker 1: y C hack and what happened this week that has 542 00:27:47,200 --> 00:27:49,280 Speaker 1: me really shaken up. We're back with that in morn 543 00:27:49,320 --> 00:27:51,680 Speaker 1: a minute. Do not go away, all right, Welcome back, 544 00:27:51,680 --> 00:27:54,240 Speaker 1: you're listening to the markma Show. We're talking about the 545 00:27:54,320 --> 00:27:58,960 Speaker 1: decentralized revolution, of course, monitoring as it progresses. Uh, how 546 00:27:58,960 --> 00:28:01,160 Speaker 1: do we get here? What the going on? Where we're going? Well, 547 00:28:01,200 --> 00:28:04,920 Speaker 1: it all is about the technology, so we're talking about that. 548 00:28:04,960 --> 00:28:07,160 Speaker 1: Of course, we're looking at bitcoin, cryptocurrencies. We're talking about 549 00:28:07,200 --> 00:28:10,480 Speaker 1: specifically today. Uh. To start at the top, these new 550 00:28:10,480 --> 00:28:12,280 Speaker 1: regulations that the EU is trying to put in place, 551 00:28:12,760 --> 00:28:14,080 Speaker 1: which of course they want to come for the rest 552 00:28:14,119 --> 00:28:16,000 Speaker 1: of the world United States. UM, A lot of this 553 00:28:16,080 --> 00:28:20,120 Speaker 1: is more regulation, which of course includes UH knowing your 554 00:28:20,160 --> 00:28:22,720 Speaker 1: customer k y C and a m L regulations where 555 00:28:22,720 --> 00:28:25,399 Speaker 1: they gather all your information. They put them into these databases, 556 00:28:25,880 --> 00:28:32,240 Speaker 1: harming putting everybody at risk to potentially maybe prevent a 557 00:28:32,280 --> 00:28:34,560 Speaker 1: couple of people from doing some illegal things which are 558 00:28:34,600 --> 00:28:38,000 Speaker 1: already illegal that they could do. Uh. You know in 559 00:28:38,040 --> 00:28:39,840 Speaker 1: the United States, I guess I can't speak so much 560 00:28:39,840 --> 00:28:41,560 Speaker 1: for the rest of the world. You know, I grew 561 00:28:41,600 --> 00:28:43,120 Speaker 1: up in a world in the United States where I 562 00:28:43,120 --> 00:28:47,520 Speaker 1: thought we were innocent until proven guilty. So we have 563 00:28:47,800 --> 00:28:49,600 Speaker 1: laws and we have rules that are in place. So 564 00:28:49,640 --> 00:28:53,440 Speaker 1: if you do something illegal, there's you know, laws against that, 565 00:28:53,560 --> 00:28:56,880 Speaker 1: and there's punishment. But when did we start putting in 566 00:28:57,000 --> 00:29:00,480 Speaker 1: laws and rules and regulations that would prevent you from 567 00:29:00,520 --> 00:29:04,000 Speaker 1: being able to do something illegal, Because then that that 568 00:29:04,160 --> 00:29:07,360 Speaker 1: basically tells me that I'm guilty until proven innocent, but 569 00:29:07,400 --> 00:29:11,120 Speaker 1: I'm supposed to be innocent nil proven guilty. So they're 570 00:29:11,120 --> 00:29:14,520 Speaker 1: gonna put every single person in the world at risk 571 00:29:17,560 --> 00:29:19,840 Speaker 1: to prevent them from doing something that we already have 572 00:29:19,880 --> 00:29:23,960 Speaker 1: laws against doing. And the percentage of people that would 573 00:29:24,000 --> 00:29:27,040 Speaker 1: actually do something bad with it is so tiny, like 574 00:29:27,360 --> 00:29:31,240 Speaker 1: less than one percent. So we're gonna put of people 575 00:29:31,320 --> 00:29:36,160 Speaker 1: at risk, at grave danger, have grave danger, people in 576 00:29:36,160 --> 00:29:40,520 Speaker 1: grave danger, and inconvenience and additional costs and all those 577 00:29:40,560 --> 00:29:45,080 Speaker 1: things to potentially stop half of one percent of people 578 00:29:45,120 --> 00:29:47,440 Speaker 1: from maybe doing something bad that we already have laws 579 00:29:47,440 --> 00:29:50,240 Speaker 1: against in the first place. Think about that for a minute. 580 00:29:50,920 --> 00:29:52,640 Speaker 1: That seems like like a smart thing to do. So 581 00:29:52,720 --> 00:29:55,920 Speaker 1: does k YC. Like I said, it encourages scams, so one, 582 00:29:56,080 --> 00:29:58,320 Speaker 1: it creates these honey pots of these these scammers want 583 00:29:58,320 --> 00:29:59,719 Speaker 1: to go get it, they want to break into it, 584 00:30:00,240 --> 00:30:01,840 Speaker 1: and then on top of it, now they have that 585 00:30:01,880 --> 00:30:04,080 Speaker 1: information again, once it gets your mother's made name and 586 00:30:04,120 --> 00:30:06,080 Speaker 1: your address and your date of birth and your middle 587 00:30:06,120 --> 00:30:09,840 Speaker 1: initial all that you don't get that back, it's now 588 00:30:09,920 --> 00:30:13,400 Speaker 1: forever on the dark web, you are forever compromised, forever. 589 00:30:14,840 --> 00:30:18,200 Speaker 1: It's a massive risk, grave danger, in my opinion, they 590 00:30:18,200 --> 00:30:20,560 Speaker 1: could go mess up your credit and then anyone who's 591 00:30:20,600 --> 00:30:22,400 Speaker 1: ever tried to get their credit fixed, you understand how 592 00:30:22,400 --> 00:30:24,080 Speaker 1: big of a problem that is. I could take you 593 00:30:24,640 --> 00:30:27,000 Speaker 1: years and years and years and tens of thousands of 594 00:30:27,040 --> 00:30:29,160 Speaker 1: dollars and hundreds of hours of time to even try 595 00:30:29,200 --> 00:30:31,400 Speaker 1: to get resolved, even if you could. But then, like 596 00:30:31,440 --> 00:30:34,600 Speaker 1: I said, then it goes to help the scammers because 597 00:30:34,600 --> 00:30:37,120 Speaker 1: now these very policies that are putting you in danger, 598 00:30:37,200 --> 00:30:39,360 Speaker 1: these k y C policies, now they have your information 599 00:30:39,520 --> 00:30:43,000 Speaker 1: they can use to go get around those exact same things. 600 00:30:43,680 --> 00:30:45,320 Speaker 1: That's what we have pol that's why we have we 601 00:30:45,360 --> 00:30:47,800 Speaker 1: have laws against doing these things. But trying to create 602 00:30:47,840 --> 00:30:52,440 Speaker 1: these arbitrary gateways and and and uh and checkpoints to 603 00:30:52,600 --> 00:30:56,640 Speaker 1: get people to move through only keeps the law abiding 604 00:30:56,720 --> 00:31:01,600 Speaker 1: citizens out and the criminals in. And I'm not gonna 605 00:31:01,600 --> 00:31:04,000 Speaker 1: talk about guns necessarily. Well, actually we're gonna talk about 606 00:31:04,000 --> 00:31:05,920 Speaker 1: guns in a minute, but um, think about think about 607 00:31:05,960 --> 00:31:07,520 Speaker 1: in the United States, right that we have the right 608 00:31:07,560 --> 00:31:10,320 Speaker 1: to bear arms, um, and they say, well, we don't 609 00:31:10,320 --> 00:31:13,040 Speaker 1: want guns in criminals hands because they could do something bad. Well, 610 00:31:13,040 --> 00:31:15,760 Speaker 1: we have laws against those bad things that criminals would do. 611 00:31:15,960 --> 00:31:17,800 Speaker 1: But also think about this, so like look at look 612 00:31:17,840 --> 00:31:22,160 Speaker 1: at Mexico for example, they don't have guns allowed in Mexico. Now, 613 00:31:22,800 --> 00:31:25,720 Speaker 1: certain people, if you're like a farmer, you could qualify 614 00:31:25,800 --> 00:31:27,600 Speaker 1: to get like one rifle so you could hunt or 615 00:31:27,600 --> 00:31:28,960 Speaker 1: something like that. But for the most part, there's no 616 00:31:28,960 --> 00:31:32,440 Speaker 1: guns allowed in Mexico. But what about all these like 617 00:31:32,880 --> 00:31:36,240 Speaker 1: narcos and cartels because they have lots of guns and 618 00:31:36,280 --> 00:31:39,880 Speaker 1: they shoot up people all the time. But but I 619 00:31:39,920 --> 00:31:42,640 Speaker 1: thought guns were illegal. Oh, you mean the criminals have 620 00:31:42,720 --> 00:31:46,280 Speaker 1: the guns, you see, So the average people doesn't have guns. 621 00:31:46,360 --> 00:31:48,120 Speaker 1: Who the average people aren't going to do anything wrong, 622 00:31:48,720 --> 00:31:51,000 Speaker 1: But the criminals who are going to do something wrong, uh, 623 00:31:51,160 --> 00:31:52,880 Speaker 1: do have the guns and they break the laws. And 624 00:31:52,920 --> 00:31:55,240 Speaker 1: so that's kind of what we're talking about here, that 625 00:31:55,360 --> 00:31:57,320 Speaker 1: the majority of people who would never do anything wrong, 626 00:31:57,600 --> 00:32:02,240 Speaker 1: we're being um inconvenience in mass we're paying way higher fees, 627 00:32:02,680 --> 00:32:06,520 Speaker 1: and we're put at risk in danger to potentially stop 628 00:32:06,520 --> 00:32:09,520 Speaker 1: a couple of people who are already breaking laws that 629 00:32:09,560 --> 00:32:11,760 Speaker 1: we already have in place UM and so k y 630 00:32:11,840 --> 00:32:15,880 Speaker 1: C is completely useless from doing this, and so I 631 00:32:15,920 --> 00:32:17,800 Speaker 1: want you to understand that. So as you continue to 632 00:32:17,800 --> 00:32:21,200 Speaker 1: hear talks about we need to regulate bitcoin and cryptocurrency more, 633 00:32:21,400 --> 00:32:23,920 Speaker 1: we need to get information. We can't allow people to 634 00:32:24,000 --> 00:32:27,720 Speaker 1: transfer bitcoin between themselves without us knowing who's there. That's 635 00:32:27,720 --> 00:32:30,000 Speaker 1: what the EU wants to do. They want to make 636 00:32:30,040 --> 00:32:34,400 Speaker 1: it where you can't transfer um bitcoin from one person 637 00:32:34,440 --> 00:32:37,400 Speaker 1: to another without going through a financial institution, which is 638 00:32:37,440 --> 00:32:39,880 Speaker 1: the whole point. It goes peer to peer sort of 639 00:32:39,920 --> 00:32:42,480 Speaker 1: like cash. Yeah, you know how I can hand you 640 00:32:42,520 --> 00:32:44,040 Speaker 1: cash and that doesn't have to go to the institution 641 00:32:44,200 --> 00:32:46,000 Speaker 1: where I could hand you gold before that sort of 642 00:32:46,080 --> 00:32:48,520 Speaker 1: like that. They don't want that to happen. They wanted 643 00:32:48,560 --> 00:32:50,440 Speaker 1: to be like Venmo, where you have to send everybody Venmo, 644 00:32:50,480 --> 00:32:53,440 Speaker 1: so it goes through six checkpoints and gateways, so everybody 645 00:32:53,440 --> 00:32:55,160 Speaker 1: gets their cut, everybody gets their feet, and they can 646 00:32:55,160 --> 00:32:57,200 Speaker 1: tell you how you can spend your money. Sounds pretty good. 647 00:32:57,360 --> 00:32:59,479 Speaker 1: Now this is coming for the United States here I'm 648 00:32:59,520 --> 00:33:03,840 Speaker 1: reading this or here in California, bill would require websites 649 00:33:03,920 --> 00:33:09,840 Speaker 1: to verify users I d S so uh, California State 650 00:33:09,920 --> 00:33:12,560 Speaker 1: legislator is looking at a bill to require websites and 651 00:33:12,600 --> 00:33:16,640 Speaker 1: apps to authenticate the age of every user before allowing 652 00:33:16,680 --> 00:33:20,160 Speaker 1: them to access um. It's aimed at protecting the children. Now, 653 00:33:20,160 --> 00:33:22,640 Speaker 1: of course, who doesn't want to protect children. I have kids, 654 00:33:23,040 --> 00:33:26,040 Speaker 1: I want to protect children. There's a lot of things 655 00:33:26,080 --> 00:33:28,440 Speaker 1: I want to protect children from that the freaking government 656 00:33:28,480 --> 00:33:34,080 Speaker 1: is allowing people to do, like having transvestites at elementary schools. Like, 657 00:33:34,240 --> 00:33:36,360 Speaker 1: I'm definitely not for that. I don't think kids should 658 00:33:36,360 --> 00:33:39,120 Speaker 1: be sexualized. I'd like to protect children from that. So 659 00:33:39,200 --> 00:33:41,600 Speaker 1: who wouldn't be for that? Of course? It's it's like 660 00:33:41,640 --> 00:33:43,680 Speaker 1: calling a bill like the Save the Puppy Dogs Act. 661 00:33:43,880 --> 00:33:46,440 Speaker 1: Who who's against saving puppy dogs? But it would in 662 00:33:46,480 --> 00:33:50,320 Speaker 1: effect end online a non amenity in the state. The 663 00:33:50,360 --> 00:33:52,520 Speaker 1: bill is a B two two seven three. It's known 664 00:33:52,560 --> 00:33:56,080 Speaker 1: as the California Age Appropriate Design Code Act, which sounds 665 00:33:56,120 --> 00:33:58,959 Speaker 1: good because we're gonna protect the kids, right, So what 666 00:33:58,960 --> 00:34:00,880 Speaker 1: it wants to do is protect your But what it 667 00:34:00,960 --> 00:34:03,520 Speaker 1: is actually gonna do is change the Internet for everyone, 668 00:34:03,560 --> 00:34:07,800 Speaker 1: because in order to determine who is a child, then 669 00:34:07,800 --> 00:34:10,560 Speaker 1: the websites and apps are going to have to authenticate 670 00:34:10,680 --> 00:34:13,840 Speaker 1: the age of all users. Before you can use the service. 671 00:34:13,880 --> 00:34:17,480 Speaker 1: So basically what it does it ends casual web browsing 672 00:34:17,920 --> 00:34:21,560 Speaker 1: and it forces every company, every website, every app to 673 00:34:21,680 --> 00:34:26,960 Speaker 1: now collect personal information on you so they can store it. 674 00:34:27,080 --> 00:34:28,560 Speaker 1: And they don't want they don't want to store they're 675 00:34:28,600 --> 00:34:31,719 Speaker 1: not capable of protecting it. Even the n s A 676 00:34:31,760 --> 00:34:35,879 Speaker 1: of the government was hacked, Experience hacked, every single little 677 00:34:35,920 --> 00:34:38,440 Speaker 1: app they have, the they have the they have the 678 00:34:38,480 --> 00:34:41,680 Speaker 1: ability to protect my data. Of course they don't. I 679 00:34:41,680 --> 00:34:43,560 Speaker 1: don't want to provide the information. They don't want to 680 00:34:43,560 --> 00:34:46,400 Speaker 1: collect information. But California wants to require them to do 681 00:34:46,400 --> 00:34:48,000 Speaker 1: it because of course, we got to save the babies, right, 682 00:34:48,560 --> 00:34:50,080 Speaker 1: I'm all for saving the babies. Like I said, I'm 683 00:34:50,080 --> 00:34:52,920 Speaker 1: a father. I want to protect kids. But is this 684 00:34:53,000 --> 00:34:57,360 Speaker 1: the way to do it? And it gets worse than that. 685 00:34:57,440 --> 00:35:00,239 Speaker 1: So let's talk about what happened this week, because there's 686 00:35:00,239 --> 00:35:02,360 Speaker 1: there's two things that happened that just is shaking me 687 00:35:02,400 --> 00:35:04,279 Speaker 1: to my core. And so in the United States, we 688 00:35:04,320 --> 00:35:09,319 Speaker 1: have three branches of government. Do you know what those are? Oh, 689 00:35:09,400 --> 00:35:11,920 Speaker 1: I can't hear anybody. So we have the we have 690 00:35:11,920 --> 00:35:14,480 Speaker 1: the legislative right, we have the judicial. Do you understand 691 00:35:14,680 --> 00:35:17,760 Speaker 1: how this is the judicial branch being the Supreme Court 692 00:35:18,000 --> 00:35:21,719 Speaker 1: of the nation. Supreme Court, the highest level, the most esteemed, 693 00:35:21,800 --> 00:35:25,880 Speaker 1: the most prestigious office in the United States. The rule 694 00:35:25,960 --> 00:35:28,400 Speaker 1: of law. There's one thing the United States stands for. 695 00:35:28,640 --> 00:35:31,400 Speaker 1: One thing that separates the United States from every country 696 00:35:31,400 --> 00:35:34,480 Speaker 1: in the world is a rule of law. That's it. 697 00:35:35,440 --> 00:35:38,680 Speaker 1: Other countries don't have that. Venezuela, Iran, there's no Belarus, 698 00:35:38,719 --> 00:35:41,080 Speaker 1: there's no rule of law. The United States has a 699 00:35:41,120 --> 00:35:43,400 Speaker 1: rule of law. The Supreme Court of the United States 700 00:35:43,480 --> 00:35:47,960 Speaker 1: has a rule of law. But we got leaks. Activists 701 00:35:48,040 --> 00:35:51,959 Speaker 1: get in and they leak information on the most divisive 702 00:35:52,000 --> 00:35:55,080 Speaker 1: and polarizing topics there are. That's pretty bad. One of 703 00:35:55,080 --> 00:35:56,719 Speaker 1: the things of the Supreme Court. I'm talking about the 704 00:35:56,800 --> 00:35:58,319 Speaker 1: rule v Wait. Of course, I'm not going to chime 705 00:35:58,320 --> 00:35:59,680 Speaker 1: in on that right now. But one of the things 706 00:35:59,680 --> 00:36:02,560 Speaker 1: that the Preme Court recently pulled back was this right 707 00:36:02,640 --> 00:36:06,720 Speaker 1: to have concealed weapons, which California was very angry about 708 00:36:06,760 --> 00:36:11,799 Speaker 1: because it pulled back California's power over weapons. So the 709 00:36:11,840 --> 00:36:15,560 Speaker 1: Attorney General in California, the Attorney general who's head of 710 00:36:15,600 --> 00:36:18,680 Speaker 1: the what Department of Justice, said that they were going 711 00:36:18,760 --> 00:36:22,000 Speaker 1: to push back and do everything they can to go 712 00:36:22,120 --> 00:36:25,440 Speaker 1: against what the Supreme Court has decided. The Attorney General, 713 00:36:25,480 --> 00:36:29,120 Speaker 1: the head of the d J, and this week, somehow 714 00:36:29,400 --> 00:36:35,400 Speaker 1: the do o J leaked all the personal information of 715 00:36:35,440 --> 00:36:39,520 Speaker 1: all the concealed Carrey permit people in California, names, addresses, 716 00:36:40,440 --> 00:36:42,799 Speaker 1: You get it. Now? Does that seem coincidental to you? 717 00:36:43,600 --> 00:36:46,880 Speaker 1: But more importantly, why do they have that information in 718 00:36:46,920 --> 00:36:50,279 Speaker 1: the first place. I'll leave that question for you to 719 00:36:50,280 --> 00:36:51,960 Speaker 1: figure out. You're starting to get the big picture here. 720 00:36:52,160 --> 00:36:53,759 Speaker 1: You're listening to the Mark mos Show. Of course, we're 721 00:36:53,760 --> 00:36:57,120 Speaker 1: talking about cryptocurrencies. We're talking about bitcoin, we're talking about 722 00:36:57,120 --> 00:37:00,680 Speaker 1: the decentralized revolution, We're obviously talking about regular elations, and 723 00:37:00,719 --> 00:37:03,360 Speaker 1: we're looking at it across the spectrum, across the spreads. 724 00:37:03,400 --> 00:37:06,799 Speaker 1: You can understand these situations better. Would I like to 725 00:37:06,800 --> 00:37:08,960 Speaker 1: stop one or two bad people? Of course I would do. 726 00:37:09,000 --> 00:37:13,520 Speaker 1: I want to put people at risk to potentially maybe 727 00:37:13,719 --> 00:37:16,480 Speaker 1: stop a bad person who's gonna be bad anyway. For me, 728 00:37:16,600 --> 00:37:17,960 Speaker 1: the answer is no. But I'd love to hear what 729 00:37:18,000 --> 00:37:19,600 Speaker 1: you say. Well, you have to think. Hit me up 730 00:37:19,600 --> 00:37:21,960 Speaker 1: on social media let me know. Thanks for listening to 731 00:37:21,960 --> 00:37:24,080 Speaker 1: the Mark Wash Show. We'll be back with more later.