WEBVTT - The Mark Moss Show Oct 17, 2022 0:00:00.200 --> 0:00:03.240 Hello, and welcome to another episode of the Mark Mos Show, 0:00:03.240 --> 0:00:05.400 where we talk about each and every week, we talk 0:00:05.440 --> 0:00:08.600 about the decentralized revolution, the way the world is changing 0:00:09.000 --> 0:00:11.080 right before our very eyes, as we swing from my 0:00:11.560 --> 0:00:15.440 period of centralization and moving back towards decentralization. We look 0:00:15.480 --> 0:00:19.560 at it through the lens of politics, finance, and technology. 0:00:19.760 --> 0:00:23.160 And there's a no shortage of things to talk about 0:00:23.200 --> 0:00:25.840 eats and every week. So it makes my job pretty easy. Actually, 0:00:26.360 --> 0:00:29.360 my top is pretty hard because there's so much news. 0:00:29.400 --> 0:00:32.199 I have to figure out what to get rid of 0:00:32.280 --> 0:00:35.960 and what what's important. You know, there's so much noise, 0:00:36.040 --> 0:00:37.560 as we say, and so I was trying to find 0:00:37.600 --> 0:00:40.000 the signal in the noise, trying to find the signal 0:00:40.240 --> 0:00:42.520 to bring to you so I can just cut down 0:00:42.560 --> 0:00:44.440 the amount of time that's required for you to stay 0:00:44.479 --> 0:00:46.760 on top of these things and see what's going on. 0:00:46.840 --> 0:00:49.600 And I got a lot to cover this show. Hopefully 0:00:49.600 --> 0:00:51.120 we'll stick with me through the whole time. We've got 0:00:51.120 --> 0:00:53.600 a lot to cover. I know it's a long show. 0:00:53.960 --> 0:00:55.840 We'll break it into segments if you don't. If you 0:00:55.960 --> 0:00:57.680 if you can't stick around to watch the whole thing 0:00:57.760 --> 0:00:59.560 or listen to the whole thing. Don't worry, I got 0:00:59.640 --> 0:01:03.080 your back. You can check out the recorded versions later 0:01:03.200 --> 0:01:05.959 on the podcast. Just search Mark Moss Show on your 0:01:06.000 --> 0:01:09.440 favorite podcast player, I hard player, iTunes player, etcetera. And 0:01:09.440 --> 0:01:12.080 you can also find it on YouTube. Just search Market 0:01:12.200 --> 0:01:15.600 Disruptors on YouTube and you'll find them where you can 0:01:15.640 --> 0:01:17.800 actually watch me and listen to me at the same time. 0:01:17.800 --> 0:01:19.200 But we got a lot to cover. I want to 0:01:19.240 --> 0:01:21.160 carry on from actually some of the topics we talked 0:01:21.200 --> 0:01:23.080 about last week, which is some of the topics we've 0:01:23.120 --> 0:01:25.640 been talking about for like over a year. And these 0:01:25.640 --> 0:01:29.959 are topics that don't go away because it's literally, no, 0:01:31.280 --> 0:01:33.400 I don't want to say it's the thing that's driving 0:01:33.520 --> 0:01:35.200 the direction of the world right now, but it kind 0:01:35.200 --> 0:01:41.360 of is. UM. It's also what really changes UM, really 0:01:41.520 --> 0:01:45.960 change the dynamic of what's driving the world. More importantly, 0:01:46.000 --> 0:01:49.960 it changes UM the ability to affect some of these changes, 0:01:50.000 --> 0:01:51.320 some of the tools that are taking on too place. 0:01:51.360 --> 0:01:53.200 It's it's literally the biggest thing that there is to 0:01:53.200 --> 0:01:55.320 talk about. So we talked about it a lot, but 0:01:55.360 --> 0:01:59.120 it's signals that the end is near. When I say 0:01:59.120 --> 0:02:00.920 the end out, I mean world gonna die in some 0:02:01.000 --> 0:02:04.480 apocalyptic vision of the future. But the world as we 0:02:04.560 --> 0:02:07.560 know it is changing, is changing rapidly, and so we 0:02:07.600 --> 0:02:09.520 look at those sign posts. Anyway, we're gonna talk about 0:02:09.520 --> 0:02:11.080 that kind of carrying on from where we talked about 0:02:11.160 --> 0:02:15.080 last week UM, which the big, big, big, big data 0:02:15.160 --> 0:02:18.080 this week was the new cp I print, the Consumer 0:02:18.080 --> 0:02:24.280 Price Inflation Index that got released and it tells us, UM, 0:02:24.360 --> 0:02:26.920 what's happening with the battle that the Fed and the 0:02:26.919 --> 0:02:29.839 government is dealing with a lot of things that goes 0:02:29.880 --> 0:02:33.280 into that. We'll talk about that. We're gonna talk about, yes, 0:02:33.320 --> 0:02:36.919 of course, the technology piece, which is bitcoin, the decentralized 0:02:36.919 --> 0:02:40.440 revolution technology, We're gonna talk about that. What's going on 0:02:40.520 --> 0:02:43.600 with that space. We're gonna talk about this the overall economy. UM. 0:02:43.680 --> 0:02:46.720 Some big things happened this week, specifically that was keyed 0:02:46.800 --> 0:02:50.560 off of this UM cp I print and with what 0:02:50.600 --> 0:02:53.239 the I m F has coming out and saying, UM, 0:02:53.320 --> 0:02:55.639 we're going to continue to look at the breakdown or 0:02:55.800 --> 0:03:00.359 actually say the pendulum swinging from centralization centralization to decentralization. UM. 0:03:00.400 --> 0:03:02.560 Looking at some things that are happening all throughout society 0:03:02.560 --> 0:03:04.400 that kind of show us the signpost that we can 0:03:04.440 --> 0:03:07.320 see how it's changing. We're gonna get into some energy talk. 0:03:07.360 --> 0:03:09.680 Of course, we talk about the energy thing a lot 0:03:10.520 --> 0:03:17.640 um and then we're gonna talk about the search for truth. 0:03:17.800 --> 0:03:21.080 This is one of the biggest catalysts that is changing 0:03:21.120 --> 0:03:22.840 the world right now. We're gonna talk about that as well. 0:03:22.840 --> 0:03:25.160 So anyway, lots of cover. Hopefully stick with me to 0:03:25.240 --> 0:03:27.360 the whole time. But don't worry if if you don't, 0:03:27.720 --> 0:03:29.880 if you can't, no worries. I got your back. Like 0:03:29.919 --> 0:03:31.520 I said, go check me out on the podcast Mark 0:03:31.560 --> 0:03:34.320 Mos Show on the podcast player or on YouTube under 0:03:34.400 --> 0:03:36.240 Market Disruptors. By the way, if you're not following me 0:03:36.240 --> 0:03:38.640 on social media, you should, um just check me out 0:03:38.760 --> 0:03:41.920 at one Mark Moss. I'll put a lot of stuff out, 0:03:42.040 --> 0:03:44.200 you know, multiple times a day off of what I'm seeing, 0:03:44.240 --> 0:03:46.000 so you don't have to wait one time a week 0:03:46.000 --> 0:03:47.960 to see me or catch me here. You can stay 0:03:48.000 --> 0:03:49.880 in touch with me on on a regular basis on 0:03:49.920 --> 0:03:52.120 social media at one Mark Moss. But let's go ahead, 0:03:52.120 --> 0:03:54.280 just jump right into this, um. So, as I already 0:03:54.320 --> 0:03:56.480 kind of said, it kind of carries on from last week. 0:03:56.560 --> 0:03:59.400 Last week I said that the Central Banks, the Federal 0:03:59.440 --> 0:04:02.560 Reserve is fighting the wrong war and that was kind 0:04:02.560 --> 0:04:04.760 of the topic of last week. It's pretty important if 0:04:04.800 --> 0:04:05.960 you if you missed it, like I said, go back 0:04:06.000 --> 0:04:08.120 and check it out on the podcast player or on YouTube. 0:04:08.280 --> 0:04:10.320 But the central banks, I said, we're fighting the wrong war. 0:04:10.360 --> 0:04:13.920 And what I meant by that is that they're fighting inflation. Right. 0:04:14.920 --> 0:04:18.960 But there's two ways to tackle inflation. So inflation in 0:04:18.960 --> 0:04:21.719 the terms that we're talking about is the rise the 0:04:21.760 --> 0:04:24.520 increase in prices. Uh, the reason why you can barely 0:04:24.560 --> 0:04:28.400 afford to fill up your grocery shart grocery cart with groceries, 0:04:28.480 --> 0:04:30.320 while you can barely afford to fill up your car 0:04:30.360 --> 0:04:32.600 with gas. And that's because the prices of everything is 0:04:32.600 --> 0:04:34.480 going up so fast. And there's two ways to affect 0:04:34.560 --> 0:04:40.240 high prices. Just to two levers, supply and demand. So 0:04:40.560 --> 0:04:42.880 I can bring more supply to the market. If there's 0:04:42.960 --> 0:04:45.880 more supply, if there's more goods than there are people 0:04:45.920 --> 0:04:48.400 to buy them, then the price comes down. If there's 0:04:48.440 --> 0:04:50.599 more people wanting to buy the goods and not enough 0:04:50.640 --> 0:04:52.880 goods to go around, the prices go up. So they 0:04:52.880 --> 0:04:55.600 can just bring more supply to the market, which sounds 0:04:55.760 --> 0:05:00.800 like a great idea. More abundance for everybody, or the 0:05:00.920 --> 0:05:04.160 much worse option is they could they could destroy demand. 0:05:04.320 --> 0:05:06.880 So you're just so poor, you're just so broke, you 0:05:06.920 --> 0:05:09.159 can't afford to buy anything. And if you can't afford 0:05:09.160 --> 0:05:11.680 to buy anything, then I guess there's less demand than 0:05:11.680 --> 0:05:14.880 their supply. Uh. And so as I said, they're fighting 0:05:14.920 --> 0:05:17.840 the central banks, the Federal Reserve is fighting the demand 0:05:18.040 --> 0:05:22.719 side of that. Meaning their goal, their stated goal stated 0:05:22.839 --> 0:05:25.200 meaning all over the news, they said it in all 0:05:25.200 --> 0:05:30.159 their meetings. Their goal is to crush the demand, not 0:05:30.279 --> 0:05:33.520 at to supply. Crush the demand. Of course, the Fed, 0:05:33.560 --> 0:05:38.480 the central banks can't print food, they can't print energy, um, 0:05:38.640 --> 0:05:41.720 they can't print any of those things. Now they could, potentially, 0:05:41.800 --> 0:05:45.960 you know, use some money. They could pressure the government 0:05:45.960 --> 0:05:49.480 to relax regulations to allow people to bring more um 0:05:49.560 --> 0:05:52.200 goods to market. That would be great. Then everybody gets 0:05:52.240 --> 0:05:55.240 more more wealthy because now people are have more jobs 0:05:55.240 --> 0:05:57.880 and there's more manufacturing, there's more production. We all have 0:05:58.240 --> 0:06:01.080 more goods to buy, a cheaper prices or quality of 0:06:01.120 --> 0:06:04.320 life goes up because our money that we have saved 0:06:04.400 --> 0:06:06.560 or money that we're earning buys us more goods and services. 0:06:06.600 --> 0:06:08.800 That sounds great, sounds like a great world, But that's 0:06:08.800 --> 0:06:11.640 not what they want. They want to crush the demand. 0:06:11.680 --> 0:06:14.240 They want for you to be poor. They want for 0:06:14.279 --> 0:06:16.320 your retirement account to be cut in half, your house 0:06:16.440 --> 0:06:19.840 to be cut in half. They want your job to 0:06:19.960 --> 0:06:24.400 pay you less money. The fact that the employment market 0:06:24.440 --> 0:06:26.680 is tight, meaning there's not a lot of jobs open, 0:06:26.760 --> 0:06:29.560 which that's a complete manipulated number. We can talk about 0:06:29.600 --> 0:06:32.600 that more later, but the fact that your job is 0:06:32.640 --> 0:06:36.760 offering to pay you more money is in direct conflict 0:06:36.800 --> 0:06:41.000 to what they want. They need. They said they're committed 0:06:41.040 --> 0:06:43.440 to it, committed to bring in prices down. They're committed 0:06:43.480 --> 0:06:46.320 to it. They need that they need for prices to 0:06:46.360 --> 0:06:47.960 come down. In order for prices to come down, the 0:06:47.960 --> 0:06:50.599 amount of money you make has to come down. Because 0:06:50.800 --> 0:06:54.200 if an employer has to pay you more money to 0:06:54.240 --> 0:06:57.160 recruit you to their business, then that employer now has 0:06:57.200 --> 0:07:00.800 to raise their prices to pay for you. So if 0:07:00.960 --> 0:07:04.719 McDonald's workers get paid more money, as in California, Governor 0:07:04.760 --> 0:07:07.599 Newsom wants to pass a bill that all fast food 0:07:07.600 --> 0:07:12.720 restaurants have to pay people like twenty dollars minimum. Well, okay, 0:07:12.840 --> 0:07:15.440 so let's pay everyone twenty minimum. But now those fast 0:07:15.480 --> 0:07:18.440 food restaurants still needing to make a profit, we'll have 0:07:18.520 --> 0:07:22.080 to increase their prices. So now the burgers cost more money. 0:07:22.600 --> 0:07:26.600 That means then food prices go up. That's inflation. The 0:07:26.600 --> 0:07:29.200 FED is trying to get prices to come down. So 0:07:29.280 --> 0:07:32.360 if you make more money and the prices go up, 0:07:32.760 --> 0:07:36.880 that is a problem. Do you understand what's going on? 0:07:37.880 --> 0:07:42.000 The Fed needs you to be poor in order for 0:07:42.120 --> 0:07:45.880 them to achieve their goals. Now, again, the other way 0:07:45.880 --> 0:07:47.720 to achieve the goals just let's just bring more supply 0:07:47.760 --> 0:07:51.000 to the market. Let's just bring more steak, more food, 0:07:51.040 --> 0:07:53.200 more energy. Let's just bring more to the market. Then 0:07:53.200 --> 0:07:55.600 we're all abundant. Now we can buy all that we want. 0:07:56.200 --> 0:07:59.080 Our money goes further. We all have jobs, we're producing 0:07:59.080 --> 0:08:01.800 goods and service in the ony. Sounds great, but again 0:08:01.840 --> 0:08:04.280 they're fighting the wrong war. And the reason why I 0:08:04.280 --> 0:08:06.520 say they're fighting the wrong war is because the reason 0:08:06.560 --> 0:08:09.480 the prices are going so high is not because of 0:08:09.480 --> 0:08:12.080 too much demand. They think that there's too much demand, 0:08:12.120 --> 0:08:14.120 too many people buying things. That's not the case. The 0:08:14.160 --> 0:08:15.880 problem isn't that we have too much demand. The problem 0:08:15.880 --> 0:08:18.920 is that we don't have enough supply. So they're trying 0:08:18.960 --> 0:08:21.440 to bring the demand down to match supply. But that's 0:08:21.440 --> 0:08:23.680 a war they can't win. We talked about it last 0:08:23.680 --> 0:08:26.880 week again, go back and listen to that, but back 0:08:26.920 --> 0:08:29.600 to the news at hand. This week, US core CPI 0:08:29.680 --> 0:08:33.240 surges to a forty year high, forty year high. We 0:08:33.320 --> 0:08:35.199 keep talking about forty year high, forty year h forty 0:08:35.240 --> 0:08:37.719 year high. Well, it's because we keep setting records and 0:08:37.800 --> 0:08:40.960 we go back to forty years when they're famous Reagan era, 0:08:41.280 --> 0:08:45.079 when inflation was double digits and the vultar Paul Volker, 0:08:45.120 --> 0:08:46.559 who was then head of the Pollow Reserve, had to 0:08:46.640 --> 0:08:51.360 raise rates to twenty percent. Interest rates, mortgage rates are 0:08:51.400 --> 0:08:53.960 at all time highs, and not all time highs, recent 0:08:54.000 --> 0:08:55.960 all time highs. They're back all the way up to 0:08:56.160 --> 0:09:00.600 seven percent imagine them at And that's where we were 0:09:00.640 --> 0:09:03.360 forty years ago. So that is what they're comparing us to. 0:09:04.040 --> 0:09:05.840 If you're just tuning in, you're listening to the Markma Show, 0:09:05.880 --> 0:09:08.280 we're talking about the decentralized revolution, the way the world 0:09:08.400 --> 0:09:12.240 is changing right now before our very eyes. What we know, 0:09:13.080 --> 0:09:16.840 this era is coming to an end and the new 0:09:16.880 --> 0:09:19.160 world that we're going into is a decentralized world. We're 0:09:19.160 --> 0:09:20.800 talking about that you don't want to miss I got 0:09:20.880 --> 0:09:23.800 a big, big, big show planned UM. Talking about the 0:09:23.800 --> 0:09:26.359 way this world is changing. We're looking at the signpost 0:09:26.400 --> 0:09:28.960 of it, so we know how to position ourselves to 0:09:29.040 --> 0:09:30.880 take advantage. I got a whole lot of coming up. 0:09:31.000 --> 0:09:33.839 Don't go away, I'll be right back. All right, Welcome back. 0:09:33.840 --> 0:09:35.600 You are listening to the Mark Ma Show. We talk 0:09:35.679 --> 0:09:38.480 about the decentralized revolution, the way the world is changing 0:09:39.160 --> 0:09:41.839 right before our very eyes, from a world of centralization, 0:09:42.240 --> 0:09:47.079 centrally planned, centrally planned economies, to a world of decentralization. 0:09:47.120 --> 0:09:48.680 And these are the sign posts we're looking at it. 0:09:48.840 --> 0:09:52.200 The financial system is breaking apart right before our very eyes. 0:09:52.600 --> 0:09:54.880 As the financial system breaks apart, it breaks apart the 0:09:54.880 --> 0:09:57.439 political system. And as that breaks apart, we have new 0:09:57.480 --> 0:10:01.280 technologies that come and help us rebuild and get things 0:10:01.320 --> 0:10:03.120 back on track again. So we look at the convergence 0:10:03.120 --> 0:10:06.240 of those three things. Today we're talking specifically about the 0:10:06.280 --> 0:10:08.840 financial system coming to an end as we know it, UM, 0:10:08.880 --> 0:10:10.800 which of course will change the political system as we 0:10:10.840 --> 0:10:14.120 know it as well. But again this week we announced 0:10:14.640 --> 0:10:17.000 or it was announced by the BLS, the Bureau of 0:10:17.120 --> 0:10:22.720 Labor Statistics, they announced that again CPI consumer price index 0:10:22.880 --> 0:10:26.160 or the inflation prices that you pay going up to 0:10:26.240 --> 0:10:29.520 a new forty year high. And it says that or 0:10:29.520 --> 0:10:32.520 what what we need to understand is that this data 0:10:32.840 --> 0:10:37.160 tells us what comes next? Okay, because the Federal Reserve, 0:10:37.520 --> 0:10:41.280 the Central Bank, while um they have been reducing the 0:10:41.440 --> 0:10:46.360 money supply, they do that by increasing rates, and they 0:10:46.360 --> 0:10:49.520 said they're going to stick with it bringing prices down 0:10:50.000 --> 0:10:52.079 until the job is done. We'll stick with it. Is 0:10:52.080 --> 0:10:54.040 crushing demand until the job is done. What's the job 0:10:54.200 --> 0:10:58.280 bringing prices down? So because prices have gone back up again, 0:10:58.760 --> 0:11:01.079 it tells us what comes next? And what is that? Well, 0:11:01.160 --> 0:11:03.320 that means they have to stick with it. What's it? 0:11:03.960 --> 0:11:10.280 Raising rates? More rate increases, more restrictive monetary supply, more 0:11:11.920 --> 0:11:15.760 wealth destruction for you. That's what that means. So probably 0:11:15.840 --> 0:11:18.720 the next at least one, if not two meetings, we 0:11:18.720 --> 0:11:21.440 can expect a very aggressive FED, what we call a 0:11:21.480 --> 0:11:23.840 hawk ish FED. That happened. We see that as as 0:11:23.920 --> 0:11:27.760 headline and core CPI, So those are different numbers. Headline 0:11:27.800 --> 0:11:31.079 and corese CPI printed hotter than expected. Now, when you're 0:11:31.080 --> 0:11:33.160 putting out, when you when you have a goal you're 0:11:33.200 --> 0:11:36.359 hoping to bring inflation down, and then you set expectations 0:11:36.400 --> 0:11:38.320 or your your hope your business, you're hoping to make money, 0:11:38.320 --> 0:11:41.079 you set projections of how much money you can make. Um. 0:11:41.120 --> 0:11:44.880 When you don't meet those goals, that's bad. And they 0:11:44.920 --> 0:11:46.560 came in horder than expected, so the goal is to 0:11:46.600 --> 0:11:49.440 bring it down. Many analysts and the Federal Reserve had 0:11:49.480 --> 0:11:51.800 expected to be lower than it was, but it came 0:11:51.800 --> 0:11:55.600 in higher. So headline CPI, which is their average basket 0:11:55.600 --> 0:11:59.480 of prices rose four or zero point four per month 0:11:59.559 --> 0:12:03.000 over month, which was double their expectation. So it came 0:12:03.040 --> 0:12:05.520 in a hundred percent worse than what they expected, a 0:12:05.600 --> 0:12:08.840 hundred percent worse, not a little bit worse, double what 0:12:08.960 --> 0:12:12.240 they expected. And it's up eight point two percent year 0:12:12.280 --> 0:12:14.600 over year, which is hotter than it was last month. 0:12:15.120 --> 0:12:17.400 Now that's headline. Now they have course cp I, and 0:12:17.400 --> 0:12:20.000 this is what's a little bit interesting is core CPI 0:12:20.320 --> 0:12:23.719 is when you take out food and energy, which is 0:12:23.720 --> 0:12:25.800 a funny way to calculate it, because the two most 0:12:25.840 --> 0:12:28.120 important things that we need to stay alive as human 0:12:28.160 --> 0:12:31.679 beings is food and energy. I mean we can say 0:12:31.679 --> 0:12:34.319 the food is energy. Um, it's food is energy for 0:12:34.360 --> 0:12:36.280 our bodies, right, it's calories for our body, so food 0:12:36.320 --> 0:12:38.800 and energy. If we remove those, then we get core. 0:12:39.120 --> 0:12:42.000 So who cares about everything else? All we should care 0:12:42.000 --> 0:12:44.680 about is food and energy. But anyway, of course, CPI 0:12:44.920 --> 0:12:49.400 is up twenty eight straight months, swaring to a high 0:12:49.480 --> 0:12:53.240 of six point six percent increase year over year. It's 0:12:53.280 --> 0:12:57.680 the highest since August of two. Now, one thing to 0:12:57.720 --> 0:13:00.280 keep in mind about these inflation numbers going and up. 0:13:00.280 --> 0:13:02.439 The six point six percent over your six point six 0:13:02.480 --> 0:13:06.040 doesn't sound very bad, right, But this is a cumulative 0:13:06.320 --> 0:13:08.959 all right, So it was up. I don't have the 0:13:09.040 --> 0:13:10.680 data in front of me. It was up whatever called 0:13:10.679 --> 0:13:12.320 five percent last year, so it was a hundred dollars 0:13:12.360 --> 0:13:14.520 w U five hundred and five and goes up six 0:13:15.040 --> 0:13:19.360 six percent on the hundred and five. So this is 0:13:19.400 --> 0:13:23.560 the high inflation increase on top of an already high 0:13:23.600 --> 0:13:26.680 inflation increase. So they the numbers just keep getting bigger 0:13:26.679 --> 0:13:29.760 and bigger and bigger, which is why it keeps getting 0:13:29.760 --> 0:13:31.760 harder and harder and harder for you to live. Now, 0:13:31.760 --> 0:13:34.800 we see that services inflation continues to rise as good 0:13:35.480 --> 0:13:38.080 goods inflation slow. So what does that mean? So goods 0:13:38.320 --> 0:13:43.000 so like products, the goods inflation is slowing down a 0:13:43.040 --> 0:13:46.560 little bit, but the services inflation continues to rise. The 0:13:46.600 --> 0:13:50.000 services is because of your labor. Again, as I said, 0:13:50.200 --> 0:13:53.400 the fact that you make more money is a problem 0:13:53.520 --> 0:13:56.199 for the Federal Reserve, for the central banks. So we're 0:13:56.200 --> 0:13:59.800 seeing services people are getting paid too much money here 0:13:59.800 --> 0:14:01.599 and how getting paid too much money to live to 0:14:01.679 --> 0:14:03.400 keep your quality of life. But you're getting paid too 0:14:03.480 --> 0:14:07.560 much money for what the federal reserves intentions are. We 0:14:07.600 --> 0:14:10.439 can see that. Jumping back into the headline CPO, we 0:14:10.440 --> 0:14:15.120 can see that food inflation remains extremely high. Um we 0:14:15.200 --> 0:14:19.040 see that the owner's equivalent of rent also increased zero 0:14:19.040 --> 0:14:22.000 point eight percent over the month, is the largest monthly 0:14:22.040 --> 0:14:28.840 increase in that index since June of nine. So the 0:14:28.880 --> 0:14:31.360 rent increases going up. Shelter inflation went up six and 0:14:31.400 --> 0:14:34.320 a half percent, up from six and a quarter last month, 0:14:34.760 --> 0:14:38.760 and the highest on record. Rent inflation is up seven 0:14:38.800 --> 0:14:41.880 point two percent, up from six point seven four last month, 0:14:42.600 --> 0:14:47.040 the highest on record. CPI says that shelter index also 0:14:47.160 --> 0:14:50.280 rose six point six percent year over year. Now it's 0:14:50.280 --> 0:14:52.560 important to know this metric and this is a little 0:14:52.560 --> 0:14:54.520 bit of manipulation. So it went up six and a 0:14:54.560 --> 0:14:57.280 half percent, six point six percent ye over year, and 0:14:57.320 --> 0:15:02.600 this accounts for forty percent of the total increase of 0:15:02.760 --> 0:15:06.560 all items in the core, so excluding food and energy. 0:15:07.120 --> 0:15:09.040 But the thing that's also to understand is that this 0:15:09.120 --> 0:15:11.880 is a lagging indicator because rents are typically locked in, 0:15:12.040 --> 0:15:14.760 usually at least a year at a time, and so 0:15:15.120 --> 0:15:18.040 we don't see this until those rents get reset. You've 0:15:18.080 --> 0:15:19.920 got at least you've been there for two or three 0:15:20.000 --> 0:15:22.120 years at this low rate. Well, when you leave that 0:15:22.240 --> 0:15:25.000 lease and they signed somebody else, they raise those rents 0:15:25.040 --> 0:15:26.240 big time. They don't do it a lot of times 0:15:26.240 --> 0:15:29.200 if you're still there, or maybe they's do very small, 0:15:29.280 --> 0:15:31.000 but when you move out and they move somebody and 0:15:31.080 --> 0:15:33.320 you get a big increase. So you have to understand, 0:15:33.320 --> 0:15:36.160 these are really really lagging. These are these are really far. 0:15:37.760 --> 0:15:41.480 We also see that again as I said, uh, your 0:15:41.520 --> 0:15:43.360 wages going up is a big problem, and as what 0:15:43.400 --> 0:15:47.480 we've seen is that what's called real wages, real wages 0:15:47.520 --> 0:15:51.480 are lower for Americans for the eighteen straight month. Now, 0:15:51.520 --> 0:15:54.880 what are real wages? Real wages are when you adjusted 0:15:55.000 --> 0:15:58.440 for inflation. So that means that the increase in your 0:15:58.440 --> 0:16:02.640 wages is going going up slower than the cost of goods. 0:16:02.680 --> 0:16:05.400 So even though people are still getting paid more and 0:16:05.440 --> 0:16:08.640 more money because the prices of goods are going up 0:16:08.640 --> 0:16:11.520 so much faster, they're still falling behind. You're getting a 0:16:11.520 --> 0:16:14.640 pay raise, but your quality of life is still going down. 0:16:14.720 --> 0:16:18.560 That's basically what's happening there. Now a couple of things 0:16:18.560 --> 0:16:22.200 that I want to point out about this. Um. Like 0:16:22.240 --> 0:16:24.840 I said, even though you may be making more money, 0:16:25.280 --> 0:16:29.560 your quality of life is going down. And thanks to 0:16:29.600 --> 0:16:32.400 the Fed, thanks to the central banks, you're going to 0:16:32.440 --> 0:16:35.080 be able to I should say it differently, you're going 0:16:35.160 --> 0:16:39.680 to be forced to work more this year just to 0:16:39.800 --> 0:16:43.800 have the exact same quality of life that you had 0:16:43.920 --> 0:16:46.960 last year. So, Um, you don't get any improvement. You 0:16:47.000 --> 0:16:48.520 don't get any more stuff, you don't get any more 0:16:48.520 --> 0:16:49.880 time off, any more dinners, you don't get any more 0:16:49.880 --> 0:16:52.000 time with you FAMI, don't get any of that. But 0:16:52.040 --> 0:16:53.880 you're gotta work more. You got to give up more 0:16:53.920 --> 0:16:56.160 of your life. That's what's happening. It says here that 0:16:56.640 --> 0:16:59.920 real earnings again right, that's justice for inflation are falling, 0:17:00.880 --> 0:17:04.560 savings are following, and more people are taking on second 0:17:04.800 --> 0:17:09.560 jobs just to make ends meet. The central banks printing 0:17:09.640 --> 0:17:16.000 money causing prices to go up is literally stealing your life, 0:17:16.520 --> 0:17:20.800 your actual life, because now you have to go work 0:17:20.960 --> 0:17:24.919 more hours for the same exact quality of hours that 0:17:24.960 --> 0:17:27.920 you could spend with your kids. Hours you could spend 0:17:27.960 --> 0:17:30.200 with your wife so you don't get divorced, hours you 0:17:30.200 --> 0:17:31.479 can spend with your kids so they don't turn out 0:17:31.520 --> 0:17:33.959 to be crazy theretics, Hours that you could spend on 0:17:34.000 --> 0:17:35.960 your education so you could learn to make more money, 0:17:35.960 --> 0:17:38.399 hours you could spend on a new job, a side 0:17:38.440 --> 0:17:42.000 hustle so you could become financially independent. But nope, you 0:17:42.040 --> 0:17:44.800 can't spend any of that time. Now you are forced 0:17:44.840 --> 0:17:48.640 to go get a second job just to keep up 0:17:49.040 --> 0:17:51.520 with the same quality of life that you had before. 0:17:51.880 --> 0:17:55.680 So yes, you still feed your family, they just don't 0:17:55.680 --> 0:17:58.760 see you anymore. That's basically what the FED has done. 0:17:59.080 --> 0:18:00.960 And we can see this very easily because what we 0:18:00.960 --> 0:18:03.320 can see is that while the total jobs have shown 0:18:04.080 --> 0:18:06.560 strong growth, we can see the total number of employed 0:18:06.600 --> 0:18:09.400 persons has actually been coming down. So what does that mean. 0:18:09.880 --> 0:18:11.560 Don't worry, I'm gonna break it down for you. You're 0:18:11.560 --> 0:18:14.119 listening to the Markma Show explaining what's going on in 0:18:14.160 --> 0:18:15.400 the world to you I'll be back in a minute, 0:18:15.440 --> 0:18:17.600 so don't go away, be right back, all right, Welcome back. 0:18:17.640 --> 0:18:19.440 You are listening to the Mark Ma Show. We're talking 0:18:19.480 --> 0:18:22.920 about the decentralized revolution, the way the world is changing, 0:18:23.200 --> 0:18:25.040 and we look at it through the lens of politics, finance, 0:18:25.080 --> 0:18:28.560 and technology. Today we're talking about the financial side, the 0:18:28.640 --> 0:18:31.159 money side, and how the system that we know is 0:18:31.200 --> 0:18:32.840 coming to And I'm gonna I'm gonna put this into 0:18:32.840 --> 0:18:35.040 some terms that you can really understand what I'm starting 0:18:35.080 --> 0:18:37.159 to frame this up a little bit. But as as 0:18:37.160 --> 0:18:39.600 I was saying right before the break, my cliffhanger to 0:18:39.680 --> 0:18:42.080 keep you engaged was that, well, will it looks like 0:18:42.119 --> 0:18:44.200 the jobs are showing growth. We can see the total 0:18:44.320 --> 0:18:46.919 number of employed persons has been flat, all right, so 0:18:46.960 --> 0:18:50.200 what does that mean. That means that the job growth 0:18:50.280 --> 0:18:53.680 that we've seen it's really just a matter of people 0:18:53.720 --> 0:18:55.879 working a second job, That's what it means. So the 0:18:55.920 --> 0:18:58.119 job growth looks good, but the people but more. But 0:18:58.160 --> 0:18:59.840 we don't have more people working as a matter of 0:19:00.720 --> 0:19:03.440 While the unemployment data looks good, um, if you dig 0:19:03.440 --> 0:19:04.760 a little bit deeper, it's not that good. So we 0:19:04.840 --> 0:19:10.080 have something called um uh man. Now I'm gonna blake. 0:19:10.320 --> 0:19:15.639 It's the job participation rate. So while the job participation 0:19:15.680 --> 0:19:18.040 rate looks at all the people that are eligible to 0:19:18.040 --> 0:19:20.119 work and how many of them are actually working or 0:19:20.200 --> 0:19:23.080 looking for a job, the unemployment data only looks at 0:19:23.080 --> 0:19:25.480 people who are actually looking for a job. But as 0:19:25.480 --> 0:19:27.320 more and more people just give up and I'll just 0:19:27.359 --> 0:19:30.080 live on welfare, then it doesn't count those people anymore. 0:19:30.200 --> 0:19:34.080 So we're seeing the job participation rate is falling like 0:19:34.200 --> 0:19:37.040 a rock. And what we can see CNBC said that 0:19:37.160 --> 0:19:41.760 nearly seventy percent of Americans are looking for extra work 0:19:42.280 --> 0:19:47.840 to combat inflation. Seven out of ten Americans are looking 0:19:47.840 --> 0:19:52.080 for extra work to combat inflation thanks to the FED. 0:19:52.600 --> 0:19:56.560 Thank you, Fed, appreciate that. Everybody like that. That's the 0:19:56.600 --> 0:20:00.320 central bank. That's what you get for having a central 0:20:00.359 --> 0:20:04.520 bank that manages the the amount of money in the system. 0:20:04.560 --> 0:20:07.960 It's insane. It's insane. Now, I'll just bring your attention back. 0:20:08.480 --> 0:20:12.439 In Karl Marxi's Communist Manifesto, he lays out ten points 0:20:12.440 --> 0:20:14.200 of communism. Now, I know a lot of people say 0:20:14.240 --> 0:20:16.439 that all these high prices are because of capitalism. It's 0:20:16.480 --> 0:20:19.840 capitalism's fault. Capitalism has run crazy. Capitalism has led to 0:20:19.880 --> 0:20:22.879