1 00:00:00,200 --> 00:00:03,240 Speaker 1: Hello, and welcome to another episode of the Mark Mos Show, 2 00:00:03,240 --> 00:00:05,400 Speaker 1: where we talk about each and every week, we talk 3 00:00:05,440 --> 00:00:08,600 Speaker 1: about the decentralized revolution, the way the world is changing 4 00:00:09,000 --> 00:00:11,080 Speaker 1: right before our very eyes, as we swing from my 5 00:00:11,560 --> 00:00:15,440 Speaker 1: period of centralization and moving back towards decentralization. We look 6 00:00:15,480 --> 00:00:19,560 Speaker 1: at it through the lens of politics, finance, and technology. 7 00:00:19,760 --> 00:00:23,160 Speaker 1: And there's a no shortage of things to talk about 8 00:00:23,200 --> 00:00:25,840 Speaker 1: eats and every week. So it makes my job pretty easy. Actually, 9 00:00:26,360 --> 00:00:29,360 Speaker 1: my top is pretty hard because there's so much news. 10 00:00:29,400 --> 00:00:32,199 Speaker 1: I have to figure out what to get rid of 11 00:00:32,280 --> 00:00:35,960 Speaker 1: and what what's important. You know, there's so much noise, 12 00:00:36,040 --> 00:00:37,560 Speaker 1: as we say, and so I was trying to find 13 00:00:37,600 --> 00:00:40,000 Speaker 1: the signal in the noise, trying to find the signal 14 00:00:40,240 --> 00:00:42,520 Speaker 1: to bring to you so I can just cut down 15 00:00:42,560 --> 00:00:44,440 Speaker 1: the amount of time that's required for you to stay 16 00:00:44,479 --> 00:00:46,760 Speaker 1: on top of these things and see what's going on. 17 00:00:46,840 --> 00:00:49,600 Speaker 1: And I got a lot to cover this show. Hopefully 18 00:00:49,600 --> 00:00:51,120 Speaker 1: we'll stick with me through the whole time. We've got 19 00:00:51,120 --> 00:00:53,600 Speaker 1: a lot to cover. I know it's a long show. 20 00:00:53,960 --> 00:00:55,840 Speaker 1: We'll break it into segments if you don't. If you 21 00:00:55,960 --> 00:00:57,680 Speaker 1: if you can't stick around to watch the whole thing 22 00:00:57,760 --> 00:00:59,560 Speaker 1: or listen to the whole thing. Don't worry, I got 23 00:00:59,640 --> 00:01:03,080 Speaker 1: your back. You can check out the recorded versions later 24 00:01:03,200 --> 00:01:05,959 Speaker 1: on the podcast. Just search Mark Moss Show on your 25 00:01:06,000 --> 00:01:09,440 Speaker 1: favorite podcast player, I hard player, iTunes player, etcetera. And 26 00:01:09,440 --> 00:01:12,080 Speaker 1: you can also find it on YouTube. Just search Market 27 00:01:12,200 --> 00:01:15,600 Speaker 1: Disruptors on YouTube and you'll find them where you can 28 00:01:15,640 --> 00:01:17,800 Speaker 1: actually watch me and listen to me at the same time. 29 00:01:17,800 --> 00:01:19,200 Speaker 1: But we got a lot to cover. I want to 30 00:01:19,240 --> 00:01:21,160 Speaker 1: carry on from actually some of the topics we talked 31 00:01:21,200 --> 00:01:23,080 Speaker 1: about last week, which is some of the topics we've 32 00:01:23,120 --> 00:01:25,640 Speaker 1: been talking about for like over a year. And these 33 00:01:25,640 --> 00:01:29,959 Speaker 1: are topics that don't go away because it's literally, no, 34 00:01:31,280 --> 00:01:33,400 Speaker 1: I don't want to say it's the thing that's driving 35 00:01:33,520 --> 00:01:35,200 Speaker 1: the direction of the world right now, but it kind 36 00:01:35,200 --> 00:01:41,360 Speaker 1: of is. UM. It's also what really changes UM, really 37 00:01:41,520 --> 00:01:45,960 Speaker 1: change the dynamic of what's driving the world. More importantly, 38 00:01:46,000 --> 00:01:49,960 Speaker 1: it changes UM the ability to affect some of these changes, 39 00:01:50,000 --> 00:01:51,320 Speaker 1: some of the tools that are taking on too place. 40 00:01:51,360 --> 00:01:53,200 Speaker 1: It's it's literally the biggest thing that there is to 41 00:01:53,200 --> 00:01:55,320 Speaker 1: talk about. So we talked about it a lot, but 42 00:01:55,360 --> 00:01:59,120 Speaker 1: it's signals that the end is near. When I say 43 00:01:59,120 --> 00:02:00,920 Speaker 1: the end out, I mean world gonna die in some 44 00:02:01,000 --> 00:02:04,480 Speaker 1: apocalyptic vision of the future. But the world as we 45 00:02:04,560 --> 00:02:07,560 Speaker 1: know it is changing, is changing rapidly, and so we 46 00:02:07,600 --> 00:02:09,520 Speaker 1: look at those sign posts. Anyway, we're gonna talk about 47 00:02:09,520 --> 00:02:11,080 Speaker 1: that kind of carrying on from where we talked about 48 00:02:11,160 --> 00:02:15,080 Speaker 1: last week UM, which the big, big, big, big data 49 00:02:15,160 --> 00:02:18,080 Speaker 1: this week was the new cp I print, the Consumer 50 00:02:18,080 --> 00:02:24,280 Speaker 1: Price Inflation Index that got released and it tells us, UM, 51 00:02:24,360 --> 00:02:26,920 Speaker 1: what's happening with the battle that the Fed and the 52 00:02:26,919 --> 00:02:29,839 Speaker 1: government is dealing with a lot of things that goes 53 00:02:29,880 --> 00:02:33,280 Speaker 1: into that. We'll talk about that. We're gonna talk about, yes, 54 00:02:33,320 --> 00:02:36,919 Speaker 1: of course, the technology piece, which is bitcoin, the decentralized 55 00:02:36,919 --> 00:02:40,440 Speaker 1: revolution technology, We're gonna talk about that. What's going on 56 00:02:40,520 --> 00:02:43,600 Speaker 1: with that space. We're gonna talk about this the overall economy. UM. 57 00:02:43,680 --> 00:02:46,720 Speaker 1: Some big things happened this week, specifically that was keyed 58 00:02:46,800 --> 00:02:50,560 Speaker 1: off of this UM cp I print and with what 59 00:02:50,600 --> 00:02:53,239 Speaker 1: the I m F has coming out and saying, UM, 60 00:02:53,320 --> 00:02:55,639 Speaker 1: we're going to continue to look at the breakdown or 61 00:02:55,800 --> 00:03:00,359 Speaker 1: actually say the pendulum swinging from centralization centralization to decentralization. UM. 62 00:03:00,400 --> 00:03:02,560 Speaker 1: Looking at some things that are happening all throughout society 63 00:03:02,560 --> 00:03:04,400 Speaker 1: that kind of show us the signpost that we can 64 00:03:04,440 --> 00:03:07,320 Speaker 1: see how it's changing. We're gonna get into some energy talk. 65 00:03:07,360 --> 00:03:09,680 Speaker 1: Of course, we talk about the energy thing a lot 66 00:03:10,520 --> 00:03:17,640 Speaker 1: um and then we're gonna talk about the search for truth. 67 00:03:17,800 --> 00:03:21,080 Speaker 1: This is one of the biggest catalysts that is changing 68 00:03:21,120 --> 00:03:22,840 Speaker 1: the world right now. We're gonna talk about that as well. 69 00:03:22,840 --> 00:03:25,160 Speaker 1: So anyway, lots of cover. Hopefully stick with me to 70 00:03:25,240 --> 00:03:27,360 Speaker 1: the whole time. But don't worry if if you don't, 71 00:03:27,720 --> 00:03:29,880 Speaker 1: if you can't, no worries. I got your back. Like 72 00:03:29,919 --> 00:03:31,520 Speaker 1: I said, go check me out on the podcast Mark 73 00:03:31,560 --> 00:03:34,320 Speaker 1: Mos Show on the podcast player or on YouTube under 74 00:03:34,400 --> 00:03:36,240 Speaker 1: Market Disruptors. By the way, if you're not following me 75 00:03:36,240 --> 00:03:38,640 Speaker 1: on social media, you should, um just check me out 76 00:03:38,760 --> 00:03:41,920 Speaker 1: at one Mark Moss. I'll put a lot of stuff out, 77 00:03:42,040 --> 00:03:44,200 Speaker 1: you know, multiple times a day off of what I'm seeing, 78 00:03:44,240 --> 00:03:46,000 Speaker 1: so you don't have to wait one time a week 79 00:03:46,000 --> 00:03:47,960 Speaker 1: to see me or catch me here. You can stay 80 00:03:48,000 --> 00:03:49,880 Speaker 1: in touch with me on on a regular basis on 81 00:03:49,920 --> 00:03:52,120 Speaker 1: social media at one Mark Moss. But let's go ahead, 82 00:03:52,120 --> 00:03:54,280 Speaker 1: just jump right into this, um. So, as I already 83 00:03:54,320 --> 00:03:56,480 Speaker 1: kind of said, it kind of carries on from last week. 84 00:03:56,560 --> 00:03:59,400 Speaker 1: Last week I said that the Central Banks, the Federal 85 00:03:59,440 --> 00:04:02,560 Speaker 1: Reserve is fighting the wrong war and that was kind 86 00:04:02,560 --> 00:04:04,760 Speaker 1: of the topic of last week. It's pretty important if 87 00:04:04,800 --> 00:04:05,960 Speaker 1: you if you missed it, like I said, go back 88 00:04:06,000 --> 00:04:08,120 Speaker 1: and check it out on the podcast player or on YouTube. 89 00:04:08,280 --> 00:04:10,320 Speaker 1: But the central banks, I said, we're fighting the wrong war. 90 00:04:10,360 --> 00:04:13,920 Speaker 1: And what I meant by that is that they're fighting inflation. Right. 91 00:04:14,920 --> 00:04:18,960 Speaker 1: But there's two ways to tackle inflation. So inflation in 92 00:04:18,960 --> 00:04:21,719 Speaker 1: the terms that we're talking about is the rise the 93 00:04:21,760 --> 00:04:24,520 Speaker 1: increase in prices. Uh, the reason why you can barely 94 00:04:24,560 --> 00:04:28,400 Speaker 1: afford to fill up your grocery shart grocery cart with groceries, 95 00:04:28,480 --> 00:04:30,320 Speaker 1: while you can barely afford to fill up your car 96 00:04:30,360 --> 00:04:32,600 Speaker 1: with gas. And that's because the prices of everything is 97 00:04:32,600 --> 00:04:34,480 Speaker 1: going up so fast. And there's two ways to affect 98 00:04:34,560 --> 00:04:40,240 Speaker 1: high prices. Just to two levers, supply and demand. So 99 00:04:40,560 --> 00:04:42,880 Speaker 1: I can bring more supply to the market. If there's 100 00:04:42,960 --> 00:04:45,880 Speaker 1: more supply, if there's more goods than there are people 101 00:04:45,920 --> 00:04:48,400 Speaker 1: to buy them, then the price comes down. If there's 102 00:04:48,440 --> 00:04:50,599 Speaker 1: more people wanting to buy the goods and not enough 103 00:04:50,640 --> 00:04:52,880 Speaker 1: goods to go around, the prices go up. So they 104 00:04:52,880 --> 00:04:55,600 Speaker 1: can just bring more supply to the market, which sounds 105 00:04:55,760 --> 00:05:00,800 Speaker 1: like a great idea. More abundance for everybody, or the 106 00:05:00,920 --> 00:05:04,160 Speaker 1: much worse option is they could they could destroy demand. 107 00:05:04,320 --> 00:05:06,880 Speaker 1: So you're just so poor, you're just so broke, you 108 00:05:06,920 --> 00:05:09,159 Speaker 1: can't afford to buy anything. And if you can't afford 109 00:05:09,160 --> 00:05:11,680 Speaker 1: to buy anything, then I guess there's less demand than 110 00:05:11,680 --> 00:05:14,880 Speaker 1: their supply. Uh. And so as I said, they're fighting 111 00:05:14,920 --> 00:05:17,840 Speaker 1: the central banks, the Federal Reserve is fighting the demand 112 00:05:18,040 --> 00:05:22,719 Speaker 1: side of that. Meaning their goal, their stated goal stated 113 00:05:22,839 --> 00:05:25,200 Speaker 1: meaning all over the news, they said it in all 114 00:05:25,200 --> 00:05:30,159 Speaker 1: their meetings. Their goal is to crush the demand, not 115 00:05:30,279 --> 00:05:33,520 Speaker 1: at to supply. Crush the demand. Of course, the Fed, 116 00:05:33,560 --> 00:05:38,480 Speaker 1: the central banks can't print food, they can't print energy, um, 117 00:05:38,640 --> 00:05:41,720 Speaker 1: they can't print any of those things. Now they could, potentially, 118 00:05:41,800 --> 00:05:45,960 Speaker 1: you know, use some money. They could pressure the government 119 00:05:45,960 --> 00:05:49,480 Speaker 1: to relax regulations to allow people to bring more um 120 00:05:49,560 --> 00:05:52,200 Speaker 1: goods to market. That would be great. Then everybody gets 121 00:05:52,240 --> 00:05:55,240 Speaker 1: more more wealthy because now people are have more jobs 122 00:05:55,240 --> 00:05:57,880 Speaker 1: and there's more manufacturing, there's more production. We all have 123 00:05:58,240 --> 00:06:01,080 Speaker 1: more goods to buy, a cheaper prices or quality of 124 00:06:01,120 --> 00:06:04,320 Speaker 1: life goes up because our money that we have saved 125 00:06:04,400 --> 00:06:06,560 Speaker 1: or money that we're earning buys us more goods and services. 126 00:06:06,600 --> 00:06:08,800 Speaker 1: That sounds great, sounds like a great world, But that's 127 00:06:08,800 --> 00:06:11,640 Speaker 1: not what they want. They want to crush the demand. 128 00:06:11,680 --> 00:06:14,240 Speaker 1: They want for you to be poor. They want for 129 00:06:14,279 --> 00:06:16,320 Speaker 1: your retirement account to be cut in half, your house 130 00:06:16,440 --> 00:06:19,840 Speaker 1: to be cut in half. They want your job to 131 00:06:19,960 --> 00:06:24,400 Speaker 1: pay you less money. The fact that the employment market 132 00:06:24,440 --> 00:06:26,680 Speaker 1: is tight, meaning there's not a lot of jobs open, 133 00:06:26,760 --> 00:06:29,560 Speaker 1: which that's a complete manipulated number. We can talk about 134 00:06:29,600 --> 00:06:32,600 Speaker 1: that more later, but the fact that your job is 135 00:06:32,640 --> 00:06:36,760 Speaker 1: offering to pay you more money is in direct conflict 136 00:06:36,800 --> 00:06:41,000 Speaker 1: to what they want. They need. They said they're committed 137 00:06:41,040 --> 00:06:43,440 Speaker 1: to it, committed to bring in prices down. They're committed 138 00:06:43,480 --> 00:06:46,320 Speaker 1: to it. They need that they need for prices to 139 00:06:46,360 --> 00:06:47,960 Speaker 1: come down. In order for prices to come down, the 140 00:06:47,960 --> 00:06:50,599 Speaker 1: amount of money you make has to come down. Because 141 00:06:50,800 --> 00:06:54,200 Speaker 1: if an employer has to pay you more money to 142 00:06:54,240 --> 00:06:57,160 Speaker 1: recruit you to their business, then that employer now has 143 00:06:57,200 --> 00:07:00,800 Speaker 1: to raise their prices to pay for you. So if 144 00:07:00,960 --> 00:07:04,719 Speaker 1: McDonald's workers get paid more money, as in California, Governor 145 00:07:04,760 --> 00:07:07,599 Speaker 1: Newsom wants to pass a bill that all fast food 146 00:07:07,600 --> 00:07:12,720 Speaker 1: restaurants have to pay people like twenty dollars minimum. Well, okay, 147 00:07:12,840 --> 00:07:15,440 Speaker 1: so let's pay everyone twenty minimum. But now those fast 148 00:07:15,480 --> 00:07:18,440 Speaker 1: food restaurants still needing to make a profit, we'll have 149 00:07:18,520 --> 00:07:22,080 Speaker 1: to increase their prices. So now the burgers cost more money. 150 00:07:22,600 --> 00:07:26,600 Speaker 1: That means then food prices go up. That's inflation. The 151 00:07:26,600 --> 00:07:29,200 Speaker 1: FED is trying to get prices to come down. So 152 00:07:29,280 --> 00:07:32,360 Speaker 1: if you make more money and the prices go up, 153 00:07:32,760 --> 00:07:36,880 Speaker 1: that is a problem. Do you understand what's going on? 154 00:07:37,880 --> 00:07:42,000 Speaker 1: The Fed needs you to be poor in order for 155 00:07:42,120 --> 00:07:45,880 Speaker 1: them to achieve their goals. Now, again, the other way 156 00:07:45,880 --> 00:07:47,720 Speaker 1: to achieve the goals just let's just bring more supply 157 00:07:47,760 --> 00:07:51,000 Speaker 1: to the market. Let's just bring more steak, more food, 158 00:07:51,040 --> 00:07:53,200 Speaker 1: more energy. Let's just bring more to the market. Then 159 00:07:53,200 --> 00:07:55,600 Speaker 1: we're all abundant. Now we can buy all that we want. 160 00:07:56,200 --> 00:07:59,080 Speaker 1: Our money goes further. We all have jobs, we're producing 161 00:07:59,080 --> 00:08:01,800 Speaker 1: goods and service in the ony. Sounds great, but again 162 00:08:01,840 --> 00:08:04,280 Speaker 1: they're fighting the wrong war. And the reason why I 163 00:08:04,280 --> 00:08:06,520 Speaker 1: say they're fighting the wrong war is because the reason 164 00:08:06,560 --> 00:08:09,480 Speaker 1: the prices are going so high is not because of 165 00:08:09,480 --> 00:08:12,080 Speaker 1: too much demand. They think that there's too much demand, 166 00:08:12,120 --> 00:08:14,120 Speaker 1: too many people buying things. That's not the case. The 167 00:08:14,160 --> 00:08:15,880 Speaker 1: problem isn't that we have too much demand. The problem 168 00:08:15,880 --> 00:08:18,920 Speaker 1: is that we don't have enough supply. So they're trying 169 00:08:18,960 --> 00:08:21,440 Speaker 1: to bring the demand down to match supply. But that's 170 00:08:21,440 --> 00:08:23,680 Speaker 1: a war they can't win. We talked about it last 171 00:08:23,680 --> 00:08:26,880 Speaker 1: week again, go back and listen to that, but back 172 00:08:26,920 --> 00:08:29,600 Speaker 1: to the news at hand. This week, US core CPI 173 00:08:29,680 --> 00:08:33,240 Speaker 1: surges to a forty year high, forty year high. We 174 00:08:33,320 --> 00:08:35,199 Speaker 1: keep talking about forty year high, forty year h forty 175 00:08:35,240 --> 00:08:37,719 Speaker 1: year high. Well, it's because we keep setting records and 176 00:08:37,800 --> 00:08:40,960 Speaker 1: we go back to forty years when they're famous Reagan era, 177 00:08:41,280 --> 00:08:45,079 Speaker 1: when inflation was double digits and the vultar Paul Volker, 178 00:08:45,120 --> 00:08:46,559 Speaker 1: who was then head of the Pollow Reserve, had to 179 00:08:46,640 --> 00:08:51,360 Speaker 1: raise rates to twenty percent. Interest rates, mortgage rates are 180 00:08:51,400 --> 00:08:53,960 Speaker 1: at all time highs, and not all time highs, recent 181 00:08:54,000 --> 00:08:55,960 Speaker 1: all time highs. They're back all the way up to 182 00:08:56,160 --> 00:09:00,600 Speaker 1: seven percent imagine them at And that's where we were 183 00:09:00,640 --> 00:09:03,360 Speaker 1: forty years ago. So that is what they're comparing us to. 184 00:09:04,040 --> 00:09:05,840 Speaker 1: If you're just tuning in, you're listening to the Markma Show, 185 00:09:05,880 --> 00:09:08,280 Speaker 1: we're talking about the decentralized revolution, the way the world 186 00:09:08,400 --> 00:09:12,240 Speaker 1: is changing right now before our very eyes. What we know, 187 00:09:13,080 --> 00:09:16,840 Speaker 1: this era is coming to an end and the new 188 00:09:16,880 --> 00:09:19,160 Speaker 1: world that we're going into is a decentralized world. We're 189 00:09:19,160 --> 00:09:20,800 Speaker 1: talking about that you don't want to miss I got 190 00:09:20,880 --> 00:09:23,800 Speaker 1: a big, big, big show planned UM. Talking about the 191 00:09:23,800 --> 00:09:26,359 Speaker 1: way this world is changing. We're looking at the signpost 192 00:09:26,400 --> 00:09:28,960 Speaker 1: of it, so we know how to position ourselves to 193 00:09:29,040 --> 00:09:30,880 Speaker 1: take advantage. I got a whole lot of coming up. 194 00:09:31,000 --> 00:09:33,839 Speaker 1: Don't go away, I'll be right back. All right, Welcome back. 195 00:09:33,840 --> 00:09:35,600 Speaker 1: You are listening to the Mark Ma Show. We talk 196 00:09:35,679 --> 00:09:38,480 Speaker 1: about the decentralized revolution, the way the world is changing 197 00:09:39,160 --> 00:09:41,839 Speaker 1: right before our very eyes, from a world of centralization, 198 00:09:42,240 --> 00:09:47,079 Speaker 1: centrally planned, centrally planned economies, to a world of decentralization. 199 00:09:47,120 --> 00:09:48,680 Speaker 1: And these are the sign posts we're looking at it. 200 00:09:48,840 --> 00:09:52,200 Speaker 1: The financial system is breaking apart right before our very eyes. 201 00:09:52,600 --> 00:09:54,880 Speaker 1: As the financial system breaks apart, it breaks apart the 202 00:09:54,880 --> 00:09:57,439 Speaker 1: political system. And as that breaks apart, we have new 203 00:09:57,480 --> 00:10:01,280 Speaker 1: technologies that come and help us rebuild and get things 204 00:10:01,320 --> 00:10:03,120 Speaker 1: back on track again. So we look at the convergence 205 00:10:03,120 --> 00:10:06,240 Speaker 1: of those three things. Today we're talking specifically about the 206 00:10:06,280 --> 00:10:08,840 Speaker 1: financial system coming to an end as we know it, UM, 207 00:10:08,880 --> 00:10:10,800 Speaker 1: which of course will change the political system as we 208 00:10:10,840 --> 00:10:14,120 Speaker 1: know it as well. But again this week we announced 209 00:10:14,640 --> 00:10:17,000 Speaker 1: or it was announced by the BLS, the Bureau of 210 00:10:17,120 --> 00:10:22,720 Speaker 1: Labor Statistics, they announced that again CPI consumer price index 211 00:10:22,880 --> 00:10:26,160 Speaker 1: or the inflation prices that you pay going up to 212 00:10:26,240 --> 00:10:29,520 Speaker 1: a new forty year high. And it says that or 213 00:10:29,520 --> 00:10:32,520 Speaker 1: what what we need to understand is that this data 214 00:10:32,840 --> 00:10:37,160 Speaker 1: tells us what comes next? Okay, because the Federal Reserve, 215 00:10:37,520 --> 00:10:41,280 Speaker 1: the Central Bank, while um they have been reducing the 216 00:10:41,440 --> 00:10:46,360 Speaker 1: money supply, they do that by increasing rates, and they 217 00:10:46,360 --> 00:10:49,520 Speaker 1: said they're going to stick with it bringing prices down 218 00:10:50,000 --> 00:10:52,079 Speaker 1: until the job is done. We'll stick with it. Is 219 00:10:52,080 --> 00:10:54,040 Speaker 1: crushing demand until the job is done. What's the job 220 00:10:54,200 --> 00:10:58,280 Speaker 1: bringing prices down? So because prices have gone back up again, 221 00:10:58,760 --> 00:11:01,079 Speaker 1: it tells us what comes next? And what is that? Well, 222 00:11:01,160 --> 00:11:03,320 Speaker 1: that means they have to stick with it. What's it? 223 00:11:03,960 --> 00:11:10,280 Speaker 1: Raising rates? More rate increases, more restrictive monetary supply, more 224 00:11:11,920 --> 00:11:15,760 Speaker 1: wealth destruction for you. That's what that means. So probably 225 00:11:15,840 --> 00:11:18,720 Speaker 1: the next at least one, if not two meetings, we 226 00:11:18,720 --> 00:11:21,440 Speaker 1: can expect a very aggressive FED, what we call a 227 00:11:21,480 --> 00:11:23,840 Speaker 1: hawk ish FED. That happened. We see that as as 228 00:11:23,920 --> 00:11:27,760 Speaker 1: headline and core CPI, So those are different numbers. Headline 229 00:11:27,800 --> 00:11:31,079 Speaker 1: and corese CPI printed hotter than expected. Now, when you're 230 00:11:31,080 --> 00:11:33,160 Speaker 1: putting out, when you when you have a goal you're 231 00:11:33,200 --> 00:11:36,359 Speaker 1: hoping to bring inflation down, and then you set expectations 232 00:11:36,400 --> 00:11:38,320 Speaker 1: or your your hope your business, you're hoping to make money, 233 00:11:38,320 --> 00:11:41,079 Speaker 1: you set projections of how much money you can make. Um. 234 00:11:41,120 --> 00:11:44,880 Speaker 1: When you don't meet those goals, that's bad. And they 235 00:11:44,920 --> 00:11:46,560 Speaker 1: came in horder than expected, so the goal is to 236 00:11:46,600 --> 00:11:49,440 Speaker 1: bring it down. Many analysts and the Federal Reserve had 237 00:11:49,480 --> 00:11:51,800 Speaker 1: expected to be lower than it was, but it came 238 00:11:51,800 --> 00:11:55,600 Speaker 1: in higher. So headline CPI, which is their average basket 239 00:11:55,600 --> 00:11:59,480 Speaker 1: of prices rose four or zero point four per month 240 00:11:59,559 --> 00:12:03,000 Speaker 1: over month, which was double their expectation. So it came 241 00:12:03,040 --> 00:12:05,520 Speaker 1: in a hundred percent worse than what they expected, a 242 00:12:05,600 --> 00:12:08,840 Speaker 1: hundred percent worse, not a little bit worse, double what 243 00:12:08,960 --> 00:12:12,240 Speaker 1: they expected. And it's up eight point two percent year 244 00:12:12,280 --> 00:12:14,600 Speaker 1: over year, which is hotter than it was last month. 245 00:12:15,120 --> 00:12:17,400 Speaker 1: Now that's headline. Now they have course cp I, and 246 00:12:17,400 --> 00:12:20,000 Speaker 1: this is what's a little bit interesting is core CPI 247 00:12:20,320 --> 00:12:23,719 Speaker 1: is when you take out food and energy, which is 248 00:12:23,720 --> 00:12:25,800 Speaker 1: a funny way to calculate it, because the two most 249 00:12:25,840 --> 00:12:28,120 Speaker 1: important things that we need to stay alive as human 250 00:12:28,160 --> 00:12:31,679 Speaker 1: beings is food and energy. I mean we can say 251 00:12:31,679 --> 00:12:34,319 Speaker 1: the food is energy. Um, it's food is energy for 252 00:12:34,360 --> 00:12:36,280 Speaker 1: our bodies, right, it's calories for our body, so food 253 00:12:36,320 --> 00:12:38,800 Speaker 1: and energy. If we remove those, then we get core. 254 00:12:39,120 --> 00:12:42,000 Speaker 1: So who cares about everything else? All we should care 255 00:12:42,000 --> 00:12:44,680 Speaker 1: about is food and energy. But anyway, of course, CPI 256 00:12:44,920 --> 00:12:49,400 Speaker 1: is up twenty eight straight months, swaring to a high 257 00:12:49,480 --> 00:12:53,240 Speaker 1: of six point six percent increase year over year. It's 258 00:12:53,280 --> 00:12:57,680 Speaker 1: the highest since August of two. Now, one thing to 259 00:12:57,720 --> 00:13:00,280 Speaker 1: keep in mind about these inflation numbers going and up. 260 00:13:00,280 --> 00:13:02,439 Speaker 1: The six point six percent over your six point six 261 00:13:02,480 --> 00:13:06,040 Speaker 1: doesn't sound very bad, right, But this is a cumulative 262 00:13:06,320 --> 00:13:08,959 Speaker 1: all right, So it was up. I don't have the 263 00:13:09,040 --> 00:13:10,680 Speaker 1: data in front of me. It was up whatever called 264 00:13:10,679 --> 00:13:12,320 Speaker 1: five percent last year, so it was a hundred dollars 265 00:13:12,360 --> 00:13:14,520 Speaker 1: w U five hundred and five and goes up six 266 00:13:15,040 --> 00:13:19,360 Speaker 1: six percent on the hundred and five. So this is 267 00:13:19,400 --> 00:13:23,560 Speaker 1: the high inflation increase on top of an already high 268 00:13:23,600 --> 00:13:26,680 Speaker 1: inflation increase. So they the numbers just keep getting bigger 269 00:13:26,679 --> 00:13:29,760 Speaker 1: and bigger and bigger, which is why it keeps getting 270 00:13:29,760 --> 00:13:31,760 Speaker 1: harder and harder and harder for you to live. Now, 271 00:13:31,760 --> 00:13:34,800 Speaker 1: we see that services inflation continues to rise as good 272 00:13:35,480 --> 00:13:38,080 Speaker 1: goods inflation slow. So what does that mean? So goods 273 00:13:38,320 --> 00:13:43,000 Speaker 1: so like products, the goods inflation is slowing down a 274 00:13:43,040 --> 00:13:46,560 Speaker 1: little bit, but the services inflation continues to rise. The 275 00:13:46,600 --> 00:13:50,000 Speaker 1: services is because of your labor. Again, as I said, 276 00:13:50,200 --> 00:13:53,400 Speaker 1: the fact that you make more money is a problem 277 00:13:53,520 --> 00:13:56,199 Speaker 1: for the Federal Reserve, for the central banks. So we're 278 00:13:56,200 --> 00:13:59,800 Speaker 1: seeing services people are getting paid too much money here 279 00:13:59,800 --> 00:14:01,599 Speaker 1: and how getting paid too much money to live to 280 00:14:01,679 --> 00:14:03,400 Speaker 1: keep your quality of life. But you're getting paid too 281 00:14:03,480 --> 00:14:07,560 Speaker 1: much money for what the federal reserves intentions are. We 282 00:14:07,600 --> 00:14:10,439 Speaker 1: can see that. Jumping back into the headline CPO, we 283 00:14:10,440 --> 00:14:15,120 Speaker 1: can see that food inflation remains extremely high. Um we 284 00:14:15,200 --> 00:14:19,040 Speaker 1: see that the owner's equivalent of rent also increased zero 285 00:14:19,040 --> 00:14:22,000 Speaker 1: point eight percent over the month, is the largest monthly 286 00:14:22,040 --> 00:14:28,840 Speaker 1: increase in that index since June of nine. So the 287 00:14:28,880 --> 00:14:31,360 Speaker 1: rent increases going up. Shelter inflation went up six and 288 00:14:31,400 --> 00:14:34,320 Speaker 1: a half percent, up from six and a quarter last month, 289 00:14:34,760 --> 00:14:38,760 Speaker 1: and the highest on record. Rent inflation is up seven 290 00:14:38,800 --> 00:14:41,880 Speaker 1: point two percent, up from six point seven four last month, 291 00:14:42,600 --> 00:14:47,040 Speaker 1: the highest on record. CPI says that shelter index also 292 00:14:47,160 --> 00:14:50,280 Speaker 1: rose six point six percent year over year. Now it's 293 00:14:50,280 --> 00:14:52,560 Speaker 1: important to know this metric and this is a little 294 00:14:52,560 --> 00:14:54,520 Speaker 1: bit of manipulation. So it went up six and a 295 00:14:54,560 --> 00:14:57,280 Speaker 1: half percent, six point six percent ye over year, and 296 00:14:57,320 --> 00:15:02,600 Speaker 1: this accounts for forty percent of the total increase of 297 00:15:02,760 --> 00:15:06,560 Speaker 1: all items in the core, so excluding food and energy. 298 00:15:07,120 --> 00:15:09,040 Speaker 1: But the thing that's also to understand is that this 299 00:15:09,120 --> 00:15:11,880 Speaker 1: is a lagging indicator because rents are typically locked in, 300 00:15:12,040 --> 00:15:14,760 Speaker 1: usually at least a year at a time, and so 301 00:15:15,120 --> 00:15:18,040 Speaker 1: we don't see this until those rents get reset. You've 302 00:15:18,080 --> 00:15:19,920 Speaker 1: got at least you've been there for two or three 303 00:15:20,000 --> 00:15:22,120 Speaker 1: years at this low rate. Well, when you leave that 304 00:15:22,240 --> 00:15:25,000 Speaker 1: lease and they signed somebody else, they raise those rents 305 00:15:25,040 --> 00:15:26,240 Speaker 1: big time. They don't do it a lot of times 306 00:15:26,240 --> 00:15:29,200 Speaker 1: if you're still there, or maybe they's do very small, 307 00:15:29,280 --> 00:15:31,000 Speaker 1: but when you move out and they move somebody and 308 00:15:31,080 --> 00:15:33,320 Speaker 1: you get a big increase. So you have to understand, 309 00:15:33,320 --> 00:15:36,160 Speaker 1: these are really really lagging. These are these are really far. 310 00:15:37,760 --> 00:15:41,480 Speaker 1: We also see that again as I said, uh, your 311 00:15:41,520 --> 00:15:43,360 Speaker 1: wages going up is a big problem, and as what 312 00:15:43,400 --> 00:15:47,480 Speaker 1: we've seen is that what's called real wages, real wages 313 00:15:47,520 --> 00:15:51,480 Speaker 1: are lower for Americans for the eighteen straight month. Now, 314 00:15:51,520 --> 00:15:54,880 Speaker 1: what are real wages? Real wages are when you adjusted 315 00:15:55,000 --> 00:15:58,440 Speaker 1: for inflation. So that means that the increase in your 316 00:15:58,440 --> 00:16:02,640 Speaker 1: wages is going going up slower than the cost of goods. 317 00:16:02,680 --> 00:16:05,400 Speaker 1: So even though people are still getting paid more and 318 00:16:05,440 --> 00:16:08,640 Speaker 1: more money because the prices of goods are going up 319 00:16:08,640 --> 00:16:11,520 Speaker 1: so much faster, they're still falling behind. You're getting a 320 00:16:11,520 --> 00:16:14,640 Speaker 1: pay raise, but your quality of life is still going down. 321 00:16:14,720 --> 00:16:18,560 Speaker 1: That's basically what's happening there. Now a couple of things 322 00:16:18,560 --> 00:16:22,200 Speaker 1: that I want to point out about this. Um. Like 323 00:16:22,240 --> 00:16:24,840 Speaker 1: I said, even though you may be making more money, 324 00:16:25,280 --> 00:16:29,560 Speaker 1: your quality of life is going down. And thanks to 325 00:16:29,600 --> 00:16:32,400 Speaker 1: the Fed, thanks to the central banks, you're going to 326 00:16:32,440 --> 00:16:35,080 Speaker 1: be able to I should say it differently, you're going 327 00:16:35,160 --> 00:16:39,680 Speaker 1: to be forced to work more this year just to 328 00:16:39,800 --> 00:16:43,800 Speaker 1: have the exact same quality of life that you had 329 00:16:43,920 --> 00:16:46,960 Speaker 1: last year. So, Um, you don't get any improvement. You 330 00:16:47,000 --> 00:16:48,520 Speaker 1: don't get any more stuff, you don't get any more 331 00:16:48,520 --> 00:16:49,880 Speaker 1: time off, any more dinners, you don't get any more 332 00:16:49,880 --> 00:16:52,000 Speaker 1: time with you FAMI, don't get any of that. But 333 00:16:52,040 --> 00:16:53,880 Speaker 1: you're gotta work more. You got to give up more 334 00:16:53,920 --> 00:16:56,160 Speaker 1: of your life. That's what's happening. It says here that 335 00:16:56,640 --> 00:16:59,920 Speaker 1: real earnings again right, that's justice for inflation are falling, 336 00:17:00,880 --> 00:17:04,560 Speaker 1: savings are following, and more people are taking on second 337 00:17:04,800 --> 00:17:09,560 Speaker 1: jobs just to make ends meet. The central banks printing 338 00:17:09,640 --> 00:17:16,000 Speaker 1: money causing prices to go up is literally stealing your life, 339 00:17:16,520 --> 00:17:20,800 Speaker 1: your actual life, because now you have to go work 340 00:17:20,960 --> 00:17:24,919 Speaker 1: more hours for the same exact quality of hours that 341 00:17:24,960 --> 00:17:27,920 Speaker 1: you could spend with your kids. Hours you could spend 342 00:17:27,960 --> 00:17:30,200 Speaker 1: with your wife so you don't get divorced, hours you 343 00:17:30,200 --> 00:17:31,479 Speaker 1: can spend with your kids so they don't turn out 344 00:17:31,520 --> 00:17:33,959 Speaker 1: to be crazy theretics, Hours that you could spend on 345 00:17:34,000 --> 00:17:35,960 Speaker 1: your education so you could learn to make more money, 346 00:17:35,960 --> 00:17:38,399 Speaker 1: hours you could spend on a new job, a side 347 00:17:38,440 --> 00:17:42,000 Speaker 1: hustle so you could become financially independent. But nope, you 348 00:17:42,040 --> 00:17:44,800 Speaker 1: can't spend any of that time. Now you are forced 349 00:17:44,840 --> 00:17:48,640 Speaker 1: to go get a second job just to keep up 350 00:17:49,040 --> 00:17:51,520 Speaker 1: with the same quality of life that you had before. 351 00:17:51,880 --> 00:17:55,680 Speaker 1: So yes, you still feed your family, they just don't 352 00:17:55,680 --> 00:17:58,760 Speaker 1: see you anymore. That's basically what the FED has done. 353 00:17:59,080 --> 00:18:00,960 Speaker 1: And we can see this very easily because what we 354 00:18:00,960 --> 00:18:03,320 Speaker 1: can see is that while the total jobs have shown 355 00:18:04,080 --> 00:18:06,560 Speaker 1: strong growth, we can see the total number of employed 356 00:18:06,600 --> 00:18:09,400 Speaker 1: persons has actually been coming down. So what does that mean. 357 00:18:09,880 --> 00:18:11,560 Speaker 1: Don't worry, I'm gonna break it down for you. You're 358 00:18:11,560 --> 00:18:14,119 Speaker 1: listening to the Markma Show explaining what's going on in 359 00:18:14,160 --> 00:18:15,400 Speaker 1: the world to you I'll be back in a minute, 360 00:18:15,440 --> 00:18:17,600 Speaker 1: so don't go away, be right back, all right, Welcome back. 361 00:18:17,640 --> 00:18:19,440 Speaker 1: You are listening to the Mark Ma Show. We're talking 362 00:18:19,480 --> 00:18:22,920 Speaker 1: about the decentralized revolution, the way the world is changing, 363 00:18:23,200 --> 00:18:25,040 Speaker 1: and we look at it through the lens of politics, finance, 364 00:18:25,080 --> 00:18:28,560 Speaker 1: and technology. Today we're talking about the financial side, the 365 00:18:28,640 --> 00:18:31,159 Speaker 1: money side, and how the system that we know is 366 00:18:31,200 --> 00:18:32,840 Speaker 1: coming to And I'm gonna I'm gonna put this into 367 00:18:32,840 --> 00:18:35,040 Speaker 1: some terms that you can really understand what I'm starting 368 00:18:35,080 --> 00:18:37,159 Speaker 1: to frame this up a little bit. But as as 369 00:18:37,160 --> 00:18:39,600 Speaker 1: I was saying right before the break, my cliffhanger to 370 00:18:39,680 --> 00:18:42,080 Speaker 1: keep you engaged was that, well, will it looks like 371 00:18:42,119 --> 00:18:44,200 Speaker 1: the jobs are showing growth. We can see the total 372 00:18:44,320 --> 00:18:46,919 Speaker 1: number of employed persons has been flat, all right, so 373 00:18:46,960 --> 00:18:50,200 Speaker 1: what does that mean. That means that the job growth 374 00:18:50,280 --> 00:18:53,680 Speaker 1: that we've seen it's really just a matter of people 375 00:18:53,720 --> 00:18:55,879 Speaker 1: working a second job, That's what it means. So the 376 00:18:55,920 --> 00:18:58,119 Speaker 1: job growth looks good, but the people but more. But 377 00:18:58,160 --> 00:18:59,840 Speaker 1: we don't have more people working as a matter of 378 00:19:00,720 --> 00:19:03,440 Speaker 1: While the unemployment data looks good, um, if you dig 379 00:19:03,440 --> 00:19:04,760 Speaker 1: a little bit deeper, it's not that good. So we 380 00:19:04,840 --> 00:19:10,080 Speaker 1: have something called um uh man. Now I'm gonna blake. 381 00:19:10,320 --> 00:19:15,639 Speaker 1: It's the job participation rate. So while the job participation 382 00:19:15,680 --> 00:19:18,040 Speaker 1: rate looks at all the people that are eligible to 383 00:19:18,040 --> 00:19:20,119 Speaker 1: work and how many of them are actually working or 384 00:19:20,200 --> 00:19:23,080 Speaker 1: looking for a job, the unemployment data only looks at 385 00:19:23,080 --> 00:19:25,480 Speaker 1: people who are actually looking for a job. But as 386 00:19:25,480 --> 00:19:27,320 Speaker 1: more and more people just give up and I'll just 387 00:19:27,359 --> 00:19:30,080 Speaker 1: live on welfare, then it doesn't count those people anymore. 388 00:19:30,200 --> 00:19:34,080 Speaker 1: So we're seeing the job participation rate is falling like 389 00:19:34,200 --> 00:19:37,040 Speaker 1: a rock. And what we can see CNBC said that 390 00:19:37,160 --> 00:19:41,760 Speaker 1: nearly seventy percent of Americans are looking for extra work 391 00:19:42,280 --> 00:19:47,840 Speaker 1: to combat inflation. Seven out of ten Americans are looking 392 00:19:47,840 --> 00:19:52,080 Speaker 1: for extra work to combat inflation thanks to the FED. 393 00:19:52,600 --> 00:19:56,560 Speaker 1: Thank you, Fed, appreciate that. Everybody like that. That's the 394 00:19:56,600 --> 00:20:00,320 Speaker 1: central bank. That's what you get for having a central 395 00:20:00,359 --> 00:20:04,520 Speaker 1: bank that manages the the amount of money in the system. 396 00:20:04,560 --> 00:20:07,960 Speaker 1: It's insane. It's insane. Now, I'll just bring your attention back. 397 00:20:08,480 --> 00:20:12,439 Speaker 1: In Karl Marxi's Communist Manifesto, he lays out ten points 398 00:20:12,440 --> 00:20:14,200 Speaker 1: of communism. Now, I know a lot of people say 399 00:20:14,240 --> 00:20:16,439 Speaker 1: that all these high prices are because of capitalism. It's 400 00:20:16,480 --> 00:20:19,840 Speaker 1: capitalism's fault. Capitalism has run crazy. Capitalism has led to 401 00:20:19,880 --> 00:20:22,879 Speaker 1: all these big um greedy oil companies that charge too 402 00:20:22,920 --> 00:20:24,800 Speaker 1: much money, in these greedy gas stations that make too 403 00:20:24,840 --> 00:20:27,240 Speaker 1: much on their gas, and greedy food companies, and all 404 00:20:27,280 --> 00:20:31,040 Speaker 1: this capitalism has ruined everything. But in Karl Marx's Communist Manifesto, 405 00:20:31,119 --> 00:20:33,879 Speaker 1: he lays out ten points of communism. In order to 406 00:20:33,960 --> 00:20:37,160 Speaker 1: get communism in a country, in a nation, there's ten 407 00:20:37,200 --> 00:20:42,680 Speaker 1: things that have to be there. Number five the creation 408 00:20:42,840 --> 00:20:46,840 Speaker 1: of a central bank. A central bank is communist. It's 409 00:20:46,880 --> 00:20:50,240 Speaker 1: not a capitalist. It's communism that is causing this. It's 410 00:20:50,320 --> 00:20:55,000 Speaker 1: the central bankers communism that trying to control the money 411 00:20:55,000 --> 00:20:58,600 Speaker 1: by printing more money. By creating more money, it pushes 412 00:20:58,840 --> 00:21:02,600 Speaker 1: down a devalues that money, so now it takes more 413 00:21:02,600 --> 00:21:05,280 Speaker 1: money to buy the same things that did before, which 414 00:21:05,280 --> 00:21:08,159 Speaker 1: means now you have to work more than you did before. 415 00:21:08,520 --> 00:21:11,359 Speaker 1: And now seventy of Americans are looking for extra work 416 00:21:11,600 --> 00:21:15,919 Speaker 1: to combat inflation thanks to the FED, thanks to the 417 00:21:15,920 --> 00:21:19,240 Speaker 1: central banks. It's not capitalism, it's communism. They say that 418 00:21:19,400 --> 00:21:22,040 Speaker 1: already eighty five percent of Americans said that they've changed 419 00:21:22,080 --> 00:21:25,760 Speaker 1: their spending habits. They've had to lower their quality of life. Now, 420 00:21:25,880 --> 00:21:28,960 Speaker 1: instead of buying steak once a week, they just eat 421 00:21:29,200 --> 00:21:33,240 Speaker 1: hamburger meat instead of hamburger meat. Maybe they're eating spam 422 00:21:33,280 --> 00:21:34,920 Speaker 1: out of a can. I don't know, but they've had 423 00:21:34,920 --> 00:21:38,400 Speaker 1: to change their spending habits due to inflation. Seventy say 424 00:21:38,680 --> 00:21:41,960 Speaker 1: it's impacted the way they view their job. Fifty seven 425 00:21:41,960 --> 00:21:44,840 Speaker 1: percent have sought out new or additional roles in the 426 00:21:44,880 --> 00:21:48,320 Speaker 1: past year, meaning they need second jobs. CBS said that 427 00:21:48,359 --> 00:21:51,840 Speaker 1: a US inflation as US inflation is racing ahead of 428 00:21:51,880 --> 00:21:55,640 Speaker 1: worker wages, meaning your weights are keeping up. A growing 429 00:21:55,720 --> 00:21:58,240 Speaker 1: number of Americans are taking second jobs to make ends meet. 430 00:21:58,760 --> 00:22:03,040 Speaker 1: We already know that the data tells us that this 431 00:22:04,240 --> 00:22:07,399 Speaker 1: is the American dream the Federal Reserve has given you. 432 00:22:08,240 --> 00:22:13,080 Speaker 1: This is the new American dream the Federals are the 433 00:22:13,080 --> 00:22:16,960 Speaker 1: Central Bank promises you. We were warned by our founding fathers, 434 00:22:17,200 --> 00:22:21,000 Speaker 1: many many, many warnings from Thomas Jefferson and UM and 435 00:22:21,040 --> 00:22:24,440 Speaker 1: many others that warned us that central banks would be 436 00:22:24,720 --> 00:22:30,720 Speaker 1: more dangerous than standing armies, that the central banks would 437 00:22:30,840 --> 00:22:36,880 Speaker 1: leave us Americans broken, penniless on the continent that our 438 00:22:36,880 --> 00:22:40,480 Speaker 1: forefathers gave us. Central bankers are stake at all, They 439 00:22:40,480 --> 00:22:42,840 Speaker 1: steal it all. And you can't afford that this is 440 00:22:42,840 --> 00:22:44,800 Speaker 1: the American dream that FED has given you. What is 441 00:22:44,800 --> 00:22:46,800 Speaker 1: that American dream? Well, the American dream that you you 442 00:22:46,840 --> 00:22:49,919 Speaker 1: get to work more jobs, you get to work longer hours, 443 00:22:50,280 --> 00:22:53,119 Speaker 1: you get to keep paying those bills that are growing 444 00:22:53,200 --> 00:22:55,280 Speaker 1: faster than you can keep your head above water. That's 445 00:22:55,280 --> 00:22:59,800 Speaker 1: the dream they give you. It's not a dream, I like, 446 00:23:00,160 --> 00:23:01,840 Speaker 1: it's not a dream. It's more like a nightmare to me. 447 00:23:03,160 --> 00:23:06,080 Speaker 1: I think what most people want is they would like 448 00:23:06,160 --> 00:23:09,400 Speaker 1: to work less hours. They would like to spend more 449 00:23:09,440 --> 00:23:11,760 Speaker 1: time with their kids. They would like to spend more 450 00:23:11,760 --> 00:23:15,400 Speaker 1: time with their with their husband or wife. They would 451 00:23:15,480 --> 00:23:18,960 Speaker 1: like to be able to, you know, learn new things, 452 00:23:19,040 --> 00:23:22,320 Speaker 1: try new things, pick up a hobby. That's what most 453 00:23:22,320 --> 00:23:26,000 Speaker 1: people want. That's the American dream. Provide for my family, right, 454 00:23:26,119 --> 00:23:30,399 Speaker 1: have those nice things, but not thanks to the central 455 00:23:30,400 --> 00:23:33,359 Speaker 1: bank that wants to create keep creating money out of 456 00:23:33,400 --> 00:23:38,560 Speaker 1: thin air. Not thanks to them. Now, what is this 457 00:23:38,640 --> 00:23:42,280 Speaker 1: all telling us, Well, we're seeing that job openings are falling. 458 00:23:42,400 --> 00:23:44,399 Speaker 1: As a matter of fact, um they fell to a 459 00:23:44,440 --> 00:23:47,800 Speaker 1: fourteenth month low in August. The economy is getting crushed. 460 00:23:48,040 --> 00:23:50,280 Speaker 1: The US economy is finally experiencing what was already in 461 00:23:50,280 --> 00:23:53,800 Speaker 1: the cards in late nineteen And what is that a recession, 462 00:23:53,960 --> 00:23:56,640 Speaker 1: probably a depression is what we're on our way into. Um, 463 00:23:56,720 --> 00:23:59,960 Speaker 1: this was staved off because the Federal Reserve and the 464 00:24:00,000 --> 00:24:03,640 Speaker 1: central banks print printed trillions and trillions and trillions of dollars. 465 00:24:03,640 --> 00:24:05,840 Speaker 1: They've fired up the money printers to keep it um 466 00:24:05,840 --> 00:24:08,960 Speaker 1: temporarily going right there, kicking it down the road. And 467 00:24:09,000 --> 00:24:13,919 Speaker 1: so now instead of a recession, we might have a depression. 468 00:24:15,040 --> 00:24:19,200 Speaker 1: And on top of a depression, we also have prices 469 00:24:19,240 --> 00:24:23,359 Speaker 1: at forty year highs. And like I said, the Federal 470 00:24:23,400 --> 00:24:26,200 Speaker 1: Reserve is the cause of all this. Now talking about 471 00:24:26,200 --> 00:24:28,120 Speaker 1: rents real quick, and just to tell you that what 472 00:24:28,200 --> 00:24:31,480 Speaker 1: you see is not what you get. So yeah, they say, 473 00:24:31,800 --> 00:24:34,760 Speaker 1: um that the shelter index rose six point six percent, 474 00:24:35,119 --> 00:24:38,440 Speaker 1: it went up, but remember that that shelter index um 475 00:24:38,480 --> 00:24:42,919 Speaker 1: accounts for forty pc of that basket. So if it 476 00:24:42,960 --> 00:24:46,440 Speaker 1: went up eight percent instead of six percent, it really 477 00:24:46,560 --> 00:24:50,040 Speaker 1: moves that needle because it's of the basket which is big, right, 478 00:24:50,520 --> 00:24:52,280 Speaker 1: And I said that one of six six pc. But 479 00:24:52,400 --> 00:24:57,200 Speaker 1: per rent dot Com, they updated the numbers on the fifteen, 480 00:24:57,240 --> 00:25:00,479 Speaker 1: so I don't have the October numbers as of November fifteen, 481 00:25:01,760 --> 00:25:08,480 Speaker 1: and what we can see as of November, excuse me. 482 00:25:08,520 --> 00:25:13,480 Speaker 1: As of November, a two bedroom unit UM in the 483 00:25:13,600 --> 00:25:17,600 Speaker 1: United States nationally went up twenty three and a half percent, 484 00:25:17,680 --> 00:25:21,920 Speaker 1: and a one bedroom unit went up twenty seven year 485 00:25:21,960 --> 00:25:26,199 Speaker 1: over year. So UM they say the BLS as it 486 00:25:26,240 --> 00:25:29,560 Speaker 1: went up six percent six and a half percent, six 487 00:25:29,600 --> 00:25:33,240 Speaker 1: point six percent to be exact. UM. Rent dot Com 488 00:25:33,320 --> 00:25:36,639 Speaker 1: says it went up by for one bedroom and twenty 489 00:25:36,680 --> 00:25:40,679 Speaker 1: three percent for a two bedroom. Now, which one is 490 00:25:40,680 --> 00:25:43,680 Speaker 1: more accurate? How does the BLS get the data? Oh, 491 00:25:43,720 --> 00:25:46,480 Speaker 1: they do a poll. They call a couple homeowners and say, oh, 492 00:25:46,560 --> 00:25:48,399 Speaker 1: you know, what do you think you could rent your 493 00:25:48,400 --> 00:25:51,080 Speaker 1: house for? Like that homeowner knows the homeowner doesn't rent 494 00:25:51,119 --> 00:25:53,879 Speaker 1: the house, they live it. They're probably not real estate professionals. 495 00:25:54,040 --> 00:25:55,560 Speaker 1: And how many people do they call on how many 496 00:25:55,560 --> 00:25:59,560 Speaker 1: different markets? I'm thinking rent dot Com probably has better 497 00:25:59,640 --> 00:26:02,399 Speaker 1: data they pull from the entire nation because you know, 498 00:26:03,080 --> 00:26:05,199 Speaker 1: we do have like an MLS database that they can 499 00:26:05,200 --> 00:26:07,800 Speaker 1: pull it from. UM and so I think that number 500 00:26:07,840 --> 00:26:11,240 Speaker 1: is much more accurate. Now, if it went from rental 501 00:26:11,320 --> 00:26:15,000 Speaker 1: colms that's now this is four September UM, if it 502 00:26:15,080 --> 00:26:17,520 Speaker 1: went up instead of six point six percent, went to 503 00:26:18,400 --> 00:26:20,399 Speaker 1: and it makes percent of the basket, what does that 504 00:26:20,480 --> 00:26:25,280 Speaker 1: due to the numbers. Blows them out. It blows them out, big, big, 505 00:26:25,280 --> 00:26:27,800 Speaker 1: big deal. Now, let's put this into some numbers that 506 00:26:27,840 --> 00:26:30,480 Speaker 1: you can actually understand, and I want to show you 507 00:26:30,520 --> 00:26:33,600 Speaker 1: what this means to you over a long period of time. 508 00:26:34,800 --> 00:26:39,159 Speaker 1: All right. So, um, like I said, uh, just that 509 00:26:39,359 --> 00:26:43,080 Speaker 1: just this week when those numbers came out, it crashed 510 00:26:43,080 --> 00:26:44,760 Speaker 1: the stock market. As a matter of fact, that Dow 511 00:26:45,119 --> 00:26:48,160 Speaker 1: dropped five hundred points, which is the really big move 512 00:26:48,200 --> 00:26:51,080 Speaker 1: off of that. Bitcoin dropped, everything dropped off of that, 513 00:26:51,160 --> 00:26:54,439 Speaker 1: a sea of red across my screen of tickers. All right, 514 00:26:54,480 --> 00:26:59,639 Speaker 1: but look, we're only in probably the first stage of 515 00:26:59,720 --> 00:27:03,360 Speaker 1: what's probably gonna be a multi stage disaster. It's kind 516 00:27:03,359 --> 00:27:05,760 Speaker 1: of like, um, you know up here we have like 517 00:27:05,800 --> 00:27:08,360 Speaker 1: these mountain passes in the wintertime, and like you get 518 00:27:08,359 --> 00:27:10,679 Speaker 1: this this crazy fog and um, you can't see and 519 00:27:10,720 --> 00:27:12,840 Speaker 1: so you start getting this pile up, and then more cars, 520 00:27:12,880 --> 00:27:14,399 Speaker 1: more cars, more cars, and it starts this pilot. But 521 00:27:14,440 --> 00:27:20,400 Speaker 1: it's probably something like that. We have this bubble, this massive, 522 00:27:20,480 --> 00:27:23,120 Speaker 1: massive bubble that's been created by the Central Bank, by 523 00:27:23,200 --> 00:27:28,240 Speaker 1: green Span Bernankee Jannet Yellen, who's still around now, j 524 00:27:28,400 --> 00:27:31,560 Speaker 1: Pal And that's what's caused the consumer price inflation. But 525 00:27:31,600 --> 00:27:33,640 Speaker 1: I want to show you what this means to you 526 00:27:33,680 --> 00:27:36,359 Speaker 1: and your investments in your retirement account over a long 527 00:27:36,400 --> 00:27:38,800 Speaker 1: period time, and why your strategy that you're having right 528 00:27:38,800 --> 00:27:41,040 Speaker 1: now probably is not going to work. You don't want 529 00:27:41,040 --> 00:27:42,720 Speaker 1: to miss this. You're listening to the Mark Mos Show. 530 00:27:42,720 --> 00:27:44,480 Speaker 1: I'm gonna explain all this to you and more. You 531 00:27:44,520 --> 00:27:46,199 Speaker 1: don't want to miss it. It has to do with 532 00:27:46,240 --> 00:27:49,080 Speaker 1: your retirement account. So I'll be right back. Don't go away, 533 00:27:49,320 --> 00:27:51,400 Speaker 1: all right, Welcome back. You're listening to the Mark Mas Show. 534 00:27:51,440 --> 00:27:53,840 Speaker 1: We talked about the decentralized Revolution, talking about the way 535 00:27:53,840 --> 00:27:58,200 Speaker 1: the world is changing from a world of centralization, central planners, 536 00:27:58,560 --> 00:28:02,360 Speaker 1: central banks, and move moving to a world of decentralization 537 00:28:02,480 --> 00:28:05,920 Speaker 1: like no central banks, where we can be our own bank. 538 00:28:05,960 --> 00:28:07,479 Speaker 1: And so we're talking about it. We look out through 539 00:28:07,480 --> 00:28:10,360 Speaker 1: the lens of politics, finance, and technology. Today's specifically talking 540 00:28:10,359 --> 00:28:12,679 Speaker 1: about the finance because the financial system that we have 541 00:28:12,760 --> 00:28:15,560 Speaker 1: is breaking down. And I've been explaining a lot. If 542 00:28:15,560 --> 00:28:17,320 Speaker 1: you've missed it, I'm not gonna go back and cover it, 543 00:28:17,320 --> 00:28:18,920 Speaker 1: but I am going to tell you right now what 544 00:28:18,960 --> 00:28:21,600 Speaker 1: this means to you, right now, what it means to 545 00:28:21,600 --> 00:28:24,520 Speaker 1: your retirement account, what it means to your investing that 546 00:28:24,560 --> 00:28:27,120 Speaker 1: you're doing so you can retire one day, And why 547 00:28:27,240 --> 00:28:29,840 Speaker 1: if you don't learn to look at this differently, it's 548 00:28:29,880 --> 00:28:31,639 Speaker 1: not going to be good for you. So this bubble 549 00:28:31,680 --> 00:28:33,440 Speaker 1: that we have, it's created by the central banks. They're 550 00:28:33,440 --> 00:28:36,320 Speaker 1: still in your life. I've covered all that um our 551 00:28:36,400 --> 00:28:40,959 Speaker 1: central bank leaders, good old Alan Green's band and you 552 00:28:41,000 --> 00:28:45,040 Speaker 1: know Ben Bernanke and yes Janet Yellen who's still around 553 00:28:45,040 --> 00:28:47,840 Speaker 1: today creating disastrous policies. And she says, we didn't know 554 00:28:47,920 --> 00:28:52,239 Speaker 1: there was going to be inflation. J Powell. They're the 555 00:28:52,280 --> 00:28:56,320 Speaker 1: ones that cause the inflation. And like I said, we've 556 00:28:56,360 --> 00:28:58,640 Speaker 1: been we've been breaking it down what these numbers show 557 00:28:58,720 --> 00:29:02,120 Speaker 1: us this week. But let's look at what's happening now 558 00:29:02,200 --> 00:29:04,160 Speaker 1: off of this and let get some perspective. So the 559 00:29:04,160 --> 00:29:08,040 Speaker 1: inflation numbers that we're seeing, they guarantee us now that 560 00:29:08,040 --> 00:29:11,479 Speaker 1: we're gonna have to stay in this deflationary stage of 561 00:29:11,520 --> 00:29:13,480 Speaker 1: this disaster for a while. Like I said, we're probably 562 00:29:13,480 --> 00:29:17,240 Speaker 1: in stage one of a multi stage event. Right. They're 563 00:29:17,240 --> 00:29:19,840 Speaker 1: gonna stay in this because, as your own Pala said, 564 00:29:19,840 --> 00:29:22,600 Speaker 1: we're gonna stick with it until it's done. Stick with 565 00:29:22,640 --> 00:29:25,360 Speaker 1: what crushing demand. So they're gonna stick with that for 566 00:29:25,400 --> 00:29:27,200 Speaker 1: a little bit longer, and they're gonna stay with it 567 00:29:27,280 --> 00:29:31,320 Speaker 1: until something happens. Um, everyone's waiting for the pivot, And 568 00:29:31,320 --> 00:29:33,720 Speaker 1: the pivot will come. But when will it be, Well, 569 00:29:33,760 --> 00:29:37,480 Speaker 1: it's going to be when something breaks. What is going 570 00:29:37,560 --> 00:29:41,360 Speaker 1: to break the liquidity in the system. Most likely it's 571 00:29:41,360 --> 00:29:44,360 Speaker 1: going to be in the debt markets, in the bond markets, 572 00:29:44,560 --> 00:29:48,400 Speaker 1: all right. Um, it could be a major pension fund 573 00:29:48,520 --> 00:29:50,480 Speaker 1: that could blow up like we saw over and in 574 00:29:50,520 --> 00:29:52,520 Speaker 1: the UK and the Bank of England, the bo you 575 00:29:52,560 --> 00:29:54,000 Speaker 1: had to step in and bail them out. So it 576 00:29:54,000 --> 00:29:57,440 Speaker 1: could be a major pension fund like CalPERS Coppers has 577 00:29:57,480 --> 00:30:01,120 Speaker 1: a half a trillion and ask sets. That'd be pretty bad. 578 00:30:01,640 --> 00:30:03,960 Speaker 1: It could be a Wall Street finance house like black Rock. 579 00:30:04,760 --> 00:30:06,760 Speaker 1: Black Rock has a eight you know, eight and a 580 00:30:06,760 --> 00:30:10,600 Speaker 1: half trillions in assets. Could be some you know, big corporations, 581 00:30:10,640 --> 00:30:12,160 Speaker 1: too big to fail kind of a thing like that. 582 00:30:12,520 --> 00:30:15,120 Speaker 1: But what we do know is the longer the FED 583 00:30:15,240 --> 00:30:18,280 Speaker 1: stays on this course, sticking with it um to try 584 00:30:18,280 --> 00:30:21,280 Speaker 1: to get rid of inflation by crushing demand, the closer 585 00:30:21,280 --> 00:30:23,840 Speaker 1: we're gonna get to a pivot. All right. We don't 586 00:30:23,840 --> 00:30:27,160 Speaker 1: know exactly when, but we have we have some ideas. 587 00:30:27,640 --> 00:30:30,880 Speaker 1: Now most people think that this pivot's goin to happen 588 00:30:30,880 --> 00:30:34,760 Speaker 1: and things go back to normal. What's normal, Well, um markets, 589 00:30:34,800 --> 00:30:39,680 Speaker 1: you know, asset prices going up and inflation subdue. They 590 00:30:39,680 --> 00:30:41,360 Speaker 1: think that they they think the FED can get get 591 00:30:41,360 --> 00:30:43,880 Speaker 1: the inflation under control and then we can get prices 592 00:30:43,920 --> 00:30:46,200 Speaker 1: to go back up. But I think there's a big 593 00:30:46,240 --> 00:30:49,000 Speaker 1: difference with how young people look at the situation versus 594 00:30:49,000 --> 00:30:51,720 Speaker 1: how older people do. When I say younger, I'm talking 595 00:30:51,720 --> 00:30:53,840 Speaker 1: about anybody under sixty. And the reason why I'm saying 596 00:30:54,040 --> 00:30:56,880 Speaker 1: anyone under sixty because anyone in our sixty has no 597 00:30:57,040 --> 00:31:03,320 Speaker 1: recollection of what the financial world was like before. Now 598 00:31:03,520 --> 00:31:05,720 Speaker 1: I do, I study history, but I didn't live through it. 599 00:31:05,960 --> 00:31:08,600 Speaker 1: But anyone under sixty really has no idea, and so 600 00:31:08,640 --> 00:31:11,760 Speaker 1: what they think as normal isn't really normal. As a 601 00:31:11,760 --> 00:31:15,800 Speaker 1: matter of fact, there was nothing normal about the period. 602 00:31:16,800 --> 00:31:19,240 Speaker 1: Is it normal for stock prices to go up by 603 00:31:19,360 --> 00:31:25,160 Speaker 1: thirty six times? Is it normal for real bond yields 604 00:31:25,200 --> 00:31:28,920 Speaker 1: the debt to start at teams the amount of interest 605 00:31:29,000 --> 00:31:30,840 Speaker 1: the debt down to zero? Is it is it normal 606 00:31:30,920 --> 00:31:34,720 Speaker 1: to increase debt and have no interest expense. Is it 607 00:31:34,760 --> 00:31:37,960 Speaker 1: normal for the federal government to multiply its debt by 608 00:31:38,200 --> 00:31:41,680 Speaker 1: thirty times, because that's what we've seen, So we're gonna 609 00:31:41,680 --> 00:31:44,960 Speaker 1: go back to normal. Is that normal? Certainly not normal. 610 00:31:45,400 --> 00:31:49,760 Speaker 1: It was a it was an anomaly in time. Now, Uh, 611 00:31:49,800 --> 00:31:54,400 Speaker 1: this anomaly has created massive distortions in the market, like 612 00:31:54,480 --> 00:31:57,800 Speaker 1: all these zombie corporations. Zombie corporations are corporations that don't 613 00:31:57,800 --> 00:32:01,240 Speaker 1: make enough money to even pay their debt. Um the 614 00:32:01,440 --> 00:32:05,040 Speaker 1: rise of n f T s and these JPEGs that 615 00:32:05,080 --> 00:32:08,120 Speaker 1: are of apes that are in like eight bit um 616 00:32:08,240 --> 00:32:11,720 Speaker 1: you know, graphic format to go for you know, hundreds 617 00:32:11,760 --> 00:32:15,360 Speaker 1: of millions of dollars valuation, billions of dollar valuations for 618 00:32:15,400 --> 00:32:17,880 Speaker 1: companies that have no way to earn money or ever 619 00:32:17,920 --> 00:32:20,600 Speaker 1: pay that back. That's what we've been seeing. Now. Most 620 00:32:20,680 --> 00:32:23,520 Speaker 1: people in this thinking this periods of normals that stocks 621 00:32:23,560 --> 00:32:26,040 Speaker 1: always go up over the long run. Right, Yeah, there 622 00:32:26,080 --> 00:32:28,000 Speaker 1: sell offs, but if we buy the dip and we 623 00:32:28,040 --> 00:32:30,800 Speaker 1: wait long enough, things are gonna work out. And so 624 00:32:30,840 --> 00:32:32,640 Speaker 1: all we have to do is have a balance portfolio 625 00:32:32,640 --> 00:32:35,600 Speaker 1: of stocks and bonds. Right, that's what your financial advisors 626 00:32:35,640 --> 00:32:39,080 Speaker 1: telling you. And if your financial advisors telling you that 627 00:32:39,760 --> 00:32:44,040 Speaker 1: you better watch out because they're wrong. Now maybe they're right. Yes, 628 00:32:44,200 --> 00:32:45,960 Speaker 1: things in the long term, in the long run, they 629 00:32:46,000 --> 00:32:49,960 Speaker 1: always pay off, but maybe not in your lifetime. And 630 00:32:50,000 --> 00:32:52,120 Speaker 1: of course you want it for your lifetime, right, so 631 00:32:52,400 --> 00:32:54,360 Speaker 1: maybe not in your lifetime. Let's look at it terms. 632 00:32:54,920 --> 00:32:58,200 Speaker 1: We can see that, you know, the pound, the pound 633 00:32:58,160 --> 00:33:01,960 Speaker 1: sterling's crashing on the dollar, the Turkish lira's crashing on 634 00:33:02,000 --> 00:33:05,240 Speaker 1: the dollar, um, the euros crashed, you know, down on 635 00:33:05,280 --> 00:33:08,680 Speaker 1: the dollar, ty the dollar, but the dollar strong, right, 636 00:33:08,760 --> 00:33:11,240 Speaker 1: Look at the dixie, it's going up. How do we 637 00:33:11,280 --> 00:33:13,680 Speaker 1: see the dollar going down? What we see the dollars 638 00:33:13,720 --> 00:33:17,480 Speaker 1: crash sixty to the SMP five hundred. But if we 639 00:33:17,520 --> 00:33:20,200 Speaker 1: look at it in terms of gold, gold is kind 640 00:33:20,200 --> 00:33:23,400 Speaker 1: of what what real money is. Money's gold has been 641 00:33:23,400 --> 00:33:25,040 Speaker 1: money for five thousand years. So let's look at it 642 00:33:25,080 --> 00:33:27,719 Speaker 1: in terms of price of gold. If you bought stocks 643 00:33:27,760 --> 00:33:30,320 Speaker 1: in the late nineteen twenties, you would have gotten all 644 00:33:30,560 --> 00:33:34,200 Speaker 1: thirty dolls stocks in exchange for sixteen ounces of gold. 645 00:33:35,040 --> 00:33:38,840 Speaker 1: Then by nineteen thirty three, about thirteen years later, you 646 00:33:38,880 --> 00:33:44,800 Speaker 1: would have lost nine percent of your money. Thirty doll stocks, 647 00:33:44,920 --> 00:33:46,880 Speaker 1: all of them for sixteen ounces of gold. You would 648 00:33:46,880 --> 00:33:48,560 Speaker 1: have lost your money, and you would have had to 649 00:33:48,600 --> 00:33:53,000 Speaker 1: wait for twenty six years just to get back to even. Now, 650 00:33:53,040 --> 00:33:54,560 Speaker 1: what if you were trying to retire in those twenty 651 00:33:54,600 --> 00:33:56,959 Speaker 1: six years, it would have been very difficult. Same thing 652 00:33:56,960 --> 00:34:01,440 Speaker 1: in the nineteen sixties. Um. Now, in the nineteen sixties, 653 00:34:01,480 --> 00:34:03,800 Speaker 1: your your financial advisor would have said, just stay in 654 00:34:03,800 --> 00:34:06,840 Speaker 1: the market, don't don't try to time the market. Um, 655 00:34:06,880 --> 00:34:09,040 Speaker 1: it's time in the market. All you gotta do is 656 00:34:09,080 --> 00:34:11,520 Speaker 1: just buy good companies and just hang on. Right. So, 657 00:34:11,560 --> 00:34:14,400 Speaker 1: if you own stocks in the mid sixties, your thirty 658 00:34:14,400 --> 00:34:16,800 Speaker 1: doll stocks would have been worth as much as twenty 659 00:34:16,840 --> 00:34:20,640 Speaker 1: four ounces of gold. That's pretty good. But but then 660 00:34:20,680 --> 00:34:22,719 Speaker 1: as it started dropping. It took fifteen years for the 661 00:34:22,760 --> 00:34:25,640 Speaker 1: market to hit a bottom in nineteen eighty, and you 662 00:34:25,680 --> 00:34:32,080 Speaker 1: would have been down nine three m ninety three percent. 663 00:34:32,239 --> 00:34:34,080 Speaker 1: I can't afford to be down like that. I'm trying 664 00:34:34,080 --> 00:34:36,840 Speaker 1: to retire. Then you would have had to wait another 665 00:34:37,080 --> 00:34:42,359 Speaker 1: seventeen years just to get back to break even. If 666 00:34:42,360 --> 00:34:45,719 Speaker 1: you'd bought stocks at age forty in nineteen sixty five, 667 00:34:46,280 --> 00:34:50,239 Speaker 1: you'd be seventy two years old in nineteen seven with 668 00:34:50,400 --> 00:34:54,000 Speaker 1: not a penny of profit or gain to show for it. 669 00:34:54,800 --> 00:34:57,840 Speaker 1: If you followed your broker's advice and stuck with the program. 670 00:34:57,880 --> 00:35:00,560 Speaker 1: Today you'd be ninety seven years old and instead of 671 00:35:00,560 --> 00:35:02,880 Speaker 1: stocks worth twenty frances of gold as they were in 672 00:35:04,160 --> 00:35:08,320 Speaker 1: they'd be worth just seventeen ounces. So congratulations, your stocks 673 00:35:08,360 --> 00:35:10,840 Speaker 1: lost thirty percent of the value over the last fifty 674 00:35:10,920 --> 00:35:15,040 Speaker 1: seven years when priced in real money. And what's even 675 00:35:15,040 --> 00:35:18,319 Speaker 1: more crazy is this year, uh or this week. The 676 00:35:18,440 --> 00:35:23,160 Speaker 1: architect of this, Ben Bernacki, who basically created this crisis 677 00:35:23,200 --> 00:35:25,960 Speaker 1: by creating this quewie monster that's pushes into the biggest 678 00:35:25,960 --> 00:35:29,040 Speaker 1: bubble we've ever seen in history, was just given the 679 00:35:29,080 --> 00:35:32,440 Speaker 1: Nobel Prize in Economics as some sort of like a 680 00:35:32,480 --> 00:35:34,879 Speaker 1: twisted joke, just to kick us in the in the gut. 681 00:35:35,920 --> 00:35:40,080 Speaker 1: So um he He was given the Nobel piece Economics 682 00:35:40,080 --> 00:35:44,280 Speaker 1: Prize for his groundbreaking research on banks and financial crisis. 683 00:35:45,200 --> 00:35:48,759 Speaker 1: It says that how he managed the financial crisis was 684 00:35:48,920 --> 00:35:53,520 Speaker 1: better thanks to his research. They demonstrated the importance of 685 00:35:53,520 --> 00:35:59,080 Speaker 1: preventing widespread bank collapses. All he did was engineer a 686 00:35:59,080 --> 00:36:02,040 Speaker 1: way to make it bigger and worse in the future. 687 00:36:02,640 --> 00:36:06,200 Speaker 1: He prevented it at the time, although millions of people 688 00:36:06,239 --> 00:36:09,680 Speaker 1: still lost everything. Millions of people lost all their homes. 689 00:36:09,719 --> 00:36:12,600 Speaker 1: But all he did was make the problem bigger and 690 00:36:12,680 --> 00:36:14,960 Speaker 1: worse just down the road. And now we're paying for this. 691 00:36:15,360 --> 00:36:18,359 Speaker 1: So now that we know what problems he's caused, it's 692 00:36:18,360 --> 00:36:20,279 Speaker 1: insane to think that they would give him a Nobel Prize. 693 00:36:20,280 --> 00:36:21,920 Speaker 1: But I think the double prize is ruined anyway, right, 694 00:36:21,960 --> 00:36:25,200 Speaker 1: I mean, what's the Nobel prize? Anyway? President Obama got 695 00:36:25,280 --> 00:36:28,440 Speaker 1: the Nobel Peace Prize, which is pretty interesting Nobel. He 696 00:36:28,520 --> 00:36:32,040 Speaker 1: got the Nobel Peace Prize after he dropped twenty six thousand, 697 00:36:32,040 --> 00:36:35,480 Speaker 1: one seventy one bombs just in the year of alone. 698 00:36:36,320 --> 00:36:39,120 Speaker 1: As a matter of fact, um he dropped three bombs 699 00:36:39,160 --> 00:36:43,680 Speaker 1: every hour, twenty four hours a day. He dropped the 700 00:36:43,719 --> 00:36:48,240 Speaker 1: bomb every twenty minutes and still got a Peace Prize 701 00:36:48,280 --> 00:36:50,360 Speaker 1: for that. So I guess what are the Nobel Prize 702 00:36:50,360 --> 00:36:52,440 Speaker 1: is worth? Anyway? They give it to Obama for dropping bombs, 703 00:36:52,440 --> 00:36:54,480 Speaker 1: they give it to Bernaki for making the bubble bigger 704 00:36:54,520 --> 00:36:57,120 Speaker 1: and worse than that's ever been. But it's the Federal 705 00:36:57,160 --> 00:36:59,600 Speaker 1: Reserve that is giving you the American dream that you 706 00:36:59,719 --> 00:37:04,560 Speaker 1: never wanted and stealing your life. It's Communist point number 707 00:37:04,560 --> 00:37:07,239 Speaker 1: five in the Communist Manifesto. Understand what we're doing here. 708 00:37:07,360 --> 00:37:09,759 Speaker 1: You're listening to the Markmas Show. We're talking about the 709 00:37:09,840 --> 00:37:12,879 Speaker 1: decentralized revolution, that the period that we know is coming 710 00:37:12,920 --> 00:37:15,720 Speaker 1: to an end and we are moving into a decentralized world. 711 00:37:16,120 --> 00:37:17,440 Speaker 1: That's what I got for today. I know it was 712 00:37:17,480 --> 00:37:19,800 Speaker 1: a lot. Hopefully enjoyed it and thanks for listening.