Speaker 1: Hello, and welcome to another episode of the Markmas Show
Speaker 1: where we talk about the decentralized revolution. We're talking about
Speaker 1: the world changing before very eyes. And of course I
Speaker 1: try to bring to you each and every week, you know,
Speaker 1: some of the latest breaking news, some education to change
Speaker 1: the way you think about things, and some exciting guests,
Speaker 1: so you don't just have to hear from me all
Speaker 1: the time. It's important to get different perspectives. And I
Speaker 1: want to talk about some of the latest breaking news
Speaker 1: this week that's driving not just the markets and the
Speaker 1: reason why I like to look at this through the
Speaker 1: lens of politics, finance, and technology. As you you really
Speaker 1: can't separate the three. You can't separate the three. Politics
Speaker 1: and economics are tied to each other. Um, the the
Speaker 1: drivers of the economy. It's it shouldn't it shouldn't be
Speaker 1: this way. Uh. I don't want it to be this way.
Speaker 1: I wanted to end, but it is what it is. UM.
Speaker 1: With investing, the saying is that you don't invest in
Speaker 1: the markets as you think they should be, as you
Speaker 1: want them to be, but rather as they are. I'm
Speaker 1: on a mission to separate money and money in the state.
Speaker 1: The state should not be using money for politics. Money
Speaker 1: is money, that's that's that's my life energy. I save that.
Speaker 1: But unfortunately, we're in a very political environment. Um. And
Speaker 1: today I didn't want to get into this rant, but
Speaker 1: I'll talk about it for a second today. Uh, here
Speaker 1: we are facing midterm elections next week, and you have
Speaker 1: politicians out there basically trying to buy votes. So they
Speaker 1: have their own agendas. Uh, there's all types of measures
Speaker 1: and things that they want to put through rules, regulations
Speaker 1: that are on their own agenda. But at the same time,
Speaker 1: they're also buying votes. So for example, um, the Student
Speaker 1: Forgiveness Act or whatever they're calling it. Um, it's a
Speaker 1: way to buy votes every time they hand out some
Speaker 1: sort of a favor, some type of money, that's the
Speaker 1: way to buy votes. And it does doesn't matter which
Speaker 1: side of the aisle you're on, red or blue, left
Speaker 1: or right, doesn't matter. No politician will ever get elected
Speaker 1: promising to repeal that or take money away from you.
Speaker 1: And the problem is is that it creates massive problems
Speaker 1: in our world, in our economy. You cannot create money
Speaker 1: from thin air. You can't just print money. You can't
Speaker 1: just create money from thin air and give it to people,
Speaker 1: because all you do is create more problems. They've printed
Speaker 1: because the government cannot stay within their means because they're
Speaker 1: constantly spending more than they've bring in through tax revenues.
Speaker 1: Then they are constantly spending deficit spending, as it's called
Speaker 1: you here, every year we have to raise the debt
Speaker 1: ceiling again, they have to take more and more debt,
Speaker 1: and so they're literally paying for your college, or for
Speaker 1: your house, or now to subsidize your electricity bill or
Speaker 1: your gas bill or for whatever fill in the blank.
Speaker 1: And they're doing that by taking on more debt. When
Speaker 1: they take on more debt expands the monetary system. When
Speaker 1: they expand the monetary system, it causes inflation. What inflation
Speaker 1: really is is debasement. Your dollars buy less and less goods.
Speaker 1: The reason why everything gets more expensive is because the
Speaker 1: existing dollars in an existance by less and less goods.
Speaker 1: So it's great that they're trying to do nice things.
Speaker 1: It's great that they're helping people out through difficult times.
Speaker 1: It's great that, um they're offsetting people's crazy electric bills
Speaker 1: or gas bills. They need that help. We need to
Speaker 1: help people. But why are the gas bills and electricity
Speaker 1: bills so expensive. Oh, that's because it's the government. Because
Speaker 1: they printed so much money. So it gets into this
Speaker 1: doom loop where they expand the monetary base, it debases
Speaker 1: the currency, which means the prices of goods and services
Speaker 1: are more expensive now because things have gotten so expensive,
Speaker 1: they have to help people with those expenses. Now. They
Speaker 1: do that through creating more money, which then makes the
Speaker 1: goods and services even more expensive than they have to
Speaker 1: help them even more, so we have to print even
Speaker 1: more money. It's a very very dangerous situation. And we
Speaker 1: can sit here for days or weeks or months talking
Speaker 1: about all the ways it destroys our society. Today. Let's
Speaker 1: just take our health. For example, the number one cause
Speaker 1: of death in the United States is heart disease, and
Speaker 1: that heart disease is being caused by what you eat,
Speaker 1: the garbage you eat, and that is because of the
Speaker 1: monetary system that we have today. That that's that's probably scrapped,
Speaker 1: that's probably drawn from some crazy straws. Right mark, where
Speaker 1: what are you talking about? You're saying that the monetary
Speaker 1: system is cause of of heart disease, Yes, I am.
Speaker 1: And the reason why is because as they continue to
Speaker 1: create so much money it can it debases the money
Speaker 1: makes your dollars by less and less, which than means
Speaker 1: the price of goods goes up. Now, if you make food,
Speaker 1: you try, you have to deal with all the price
Speaker 1: of your inputs going up. My grain went up, my
Speaker 1: processing went up, my delivery, everything went up. And so
Speaker 1: in order in order to offset all the prices everything
Speaker 1: going up, me as a business, I have to figure
Speaker 1: out how to make things cheaper. In order to make
Speaker 1: things cheaper, I then about good quality stuff for cheaper
Speaker 1: quality stuff. Instead of using real sugar or use any
Speaker 1: of the other hundred variations of sugar today which are
Speaker 1: all worse for you, instead of using real butter or
Speaker 1: lard or fat, I'm going to use all these seed oils.
Speaker 1: And I'm doing that to offset the inflation that's being
Speaker 1: caused by the debasement of the monetary system. And whailah,
Speaker 1: now we've made all this horrible food that is now
Speaker 1: killing people literally. So yes, it breaks down society. House
Speaker 1: does it break on society? Well, what's the number one
Speaker 1: cause of divorce? Money problems? So, because the cost of
Speaker 1: goods are going up so fast, I can't keep my
Speaker 1: head above water. My wife and I are constantly fighting
Speaker 1: over money, we get divorced, or because fifty years ago,
Speaker 1: it would just take one person in the household to
Speaker 1: work and you can achieve the American dream. You could
Speaker 1: own a house, you could own a car, etcetera. You
Speaker 1: could have kids, the whole thing. Now two parents have
Speaker 1: to work in the household. So that means now they're
Speaker 1: both working and in relationships. You either grow together you
Speaker 1: grow apart, and so now people are working in separate fields.
Speaker 1: The kids aren't being intended to, the households not being
Speaker 1: intended to, you still can't keep your head above water.
Speaker 1: You can't take vacations, You grow apart, You fight, and
Speaker 1: then you get divorced. Now we have you know, uh,
Speaker 1: kids growing up in one parent households all over the country.
Speaker 1: The numbers are going through the roof, and it all
Speaker 1: goes back to the monetary system because the government prints
Speaker 1: too much money. Now. The reason why I say this
Speaker 1: is because here we are going to this election cycle
Speaker 1: and knowing how bad this is, knowing how it destroys
Speaker 1: the very fabric or for society, it ruins our health,
Speaker 1: knowing that we should try to get back off of
Speaker 1: that somehow we should probably try to get back closer
Speaker 1: to a budget. But the problem is when you're over spending,
Speaker 1: all this stuff is spending, and now you need to
Speaker 1: spend less to get back on under a budget. That
Speaker 1: means you have to cut something. Unfortunately, some spending is
Speaker 1: going to have to get cut. But what which spending
Speaker 1: gets cut? And it doesn't matter, It doesn't matter which
Speaker 1: spending is. Someone's going to be unhappy about it. And
Speaker 1: so which politician is ever going to come into power
Speaker 1: saying we're gonna cut spending. None, No one's ever going
Speaker 1: to vote for that. The only way you vote for
Speaker 1: him is if they promised to give you more money,
Speaker 1: Like well, let's just forgive all the student loan. It
Speaker 1: sounds great, Sure, let's vote for it. But at what cost,
Speaker 1: at the cost of expanding the debt, expand the monetary system,
Speaker 1: or debasing the monetary system, or more inflation. The Inflation
Speaker 1: Reduction Act is a perfect example of it. They name
Speaker 1: it the Inflation Reduction Act to reduce inflation, but how
Speaker 1: by printing a bunch of more money, which is the
Speaker 1: problem that caused it in the first place. You see
Speaker 1: the insanity here, And so here we are um, like
Speaker 1: I said, going into the midterm elections, not talking about
Speaker 1: which side of the aisle. In my opinion, both sides
Speaker 1: want to print more money both sides. Maybe the Republicans
Speaker 1: want to spend a little bit less than the Democrats do,
Speaker 1: or maybe they just want to spend it in different places.
Speaker 1: In that regard, when it comes to monetary policy, they're
Speaker 1: both as bad. They both want to spend more money.
Speaker 1: Obama spent more than any president before him, Trump spent
Speaker 1: more than any president before him, and Biden spending more
Speaker 1: money in than any president before him as well. And
Speaker 1: that's the real problem. I got a lot more to
Speaker 1: cover when it comes to breaking news. Kind of went
Speaker 1: off on a tangent right there. If you're just tuning in,
Speaker 1: you're listening to the Mark ma Show. We're talking about
Speaker 1: the decentralized revolution, how the world is changing through the
Speaker 1: lens of politics, finance, and technology. I want to get
Speaker 1: into the technology piece and what's going on with that
Speaker 1: this week, specifically with bitcoin and cryptocurrencies. I'll be back
Speaker 1: with that and more in a minute. Don't go away,
Speaker 1: I'll we're back, all right, Welcome back. You are listening
Speaker 1: to the Mark mo Show. We're talking about the decentralized revolution,
Speaker 1: talking about the way the world is changing as we
Speaker 1: look at it through the lens of politics, finance, and technology.
Speaker 1: I don't like to talk about politics for politics sake,
Speaker 1: but where politics and finance and technology converge, that's very interesting,
Speaker 1: and of course they get more and more intertwined every day.
Speaker 1: This week we saw the Federal Reserve, the central Bank
Speaker 1: of the United States, the most powerful central bank in
Speaker 1: the world. The head of that central bank, Jerome Powell,
Speaker 1: came out and talked to the people with the f
Speaker 1: O m C meeting this week. The insanity that we
Speaker 1: all sit around waiting for a banker to come out
Speaker 1: and tell us what fate we have. Will your retirement
Speaker 1: account crash or will it hold stable. Will your house
Speaker 1: that you live in with your family will it drop
Speaker 1: by or will it go up in value? Will your
Speaker 1: business be able to stay in business because you have
Speaker 1: customers and you can afford your debt, or will your
Speaker 1: business go out of business? Your entire life is in
Speaker 1: the balance of what Jerome Powe and the Phollow Reserve
Speaker 1: decides to say. The insanity of that should just infuriate you,
Speaker 1: infuriates me, but it's the world that we live in
Speaker 1: and we have to deal with it. And so they
Speaker 1: met this week and Jerome Powell basically said, UM, it's
Speaker 1: not looking good for you, buddy. I'm sorry to tell you,
Speaker 1: but we have to make you broke in order to
Speaker 1: save you. That's what he's saying. It's not that that's
Speaker 1: not the exact words that he said. Um. But they
Speaker 1: came out they raised interest rates some more of another
Speaker 1: point seven five percentage points onto the Fed funds rate,
Speaker 1: which is the price of money. Most people don't think
Speaker 1: about it, but you buy money. If I want to
Speaker 1: get a house, it's a hundred thousand dollars. I don't
Speaker 1: have a hundred thous dollars. I need to go buy
Speaker 1: the money. I have to buy the hundred thousand for
Speaker 1: the house. The cost of buying that hundred thousand dollars
Speaker 1: is the interest rate I pay. And the Fed sets
Speaker 1: that interest rate, and they've raised it now another point
Speaker 1: seven five percentage points, or what we call seventy five
Speaker 1: basis points. And as they continue to do that, as
Speaker 1: they continue to bring the price of money up, it
Speaker 1: continues to bring the stock and asset prices down. Now
Speaker 1: it's important to kind of understand what's going on here
Speaker 1: a little bit because they hate you. I say that jokingly,
Speaker 1: but I actually kind of mean it. And what do
Speaker 1: I mean by that? They are trying to bring down inflation.
Speaker 1: They're trying to bring down the rate at which goods
Speaker 1: and services are going higher. Now, there's two ways to
Speaker 1: bring prices down, right, ad supply or crush demand. And
Speaker 1: uh they you know, they can't print more money. I mean,
Speaker 1: they can't print more oil or more food. So all
Speaker 1: they can do is crush demand. And that's what their
Speaker 1: goal is. They're trying to crush demand. So we know this,
Speaker 1: They've said it over and over and over. And you
Speaker 1: having a job, You're having a job that pays you
Speaker 1: more money to keep up with the price of goods
Speaker 1: going up in services is in direct conflict with what
Speaker 1: they want. That's a problem for them. They want unemployment
Speaker 1: to go up. They want less people working, and they
Speaker 1: want more people working for lower wages. Because if your
Speaker 1: employer has to pay you more money than your employer
Speaker 1: has to charge more money for the services, which pushes
Speaker 1: inflation up. They want to crush the economy. They want
Speaker 1: to make you poor to offset the bad decisions that
Speaker 1: they've made. So he came out this week he said
Speaker 1: a couple of things. There was three things that he
Speaker 1: said that that kind of got my attention. He said
Speaker 1: that one, it's very premature to think about a pause
Speaker 1: in our interest rate hiking cycle. So hey, we're gonna
Speaker 1: keep raising rates. I know that the whole world is
Speaker 1: about to crash. I know your your retirement account and
Speaker 1: your house is getting hammered. I know that two thirds
Speaker 1: of businesses aren't able to keep up with their rent payments.
Speaker 1: I know that, But we need to keep doing more.
Speaker 1: We need to cause a recession because if we make
Speaker 1: everybody broke, then they'll stop driving as much, so stop
Speaker 1: going out to eat as much, will stop taking as
Speaker 1: many vacations. And if they stop doing all those things
Speaker 1: because they're so broke, then eventually the prices come back down. Congratulations,
Speaker 1: we brought the price of goods and services down by
Speaker 1: making you broke. That's what they're trying to do. The
Speaker 1: second thing, he said, here higher for longer. So everyone's
Speaker 1: waiting when will the Fed get off of this? When
Speaker 1: will they pivot? And he says, we're going to keep
Speaker 1: at it. We're gonna keep at it. But here's the
Speaker 1: other thing. This thing, this is what actually got me here.
Speaker 1: He said that quote prudent risk management suggests the risk
Speaker 1: of doing too little or higher than doing too much.
Speaker 1: So he said, if we were too overtighten, then we
Speaker 1: could use our tools later to support the economy. So
Speaker 1: what he's saying is they're not worried about breaking the economy,
Speaker 1: crashing your business, putting you out of business, losing your job.
Speaker 1: They're not worried about that. They'd rather do that because
Speaker 1: I'll just they could just fix it later. Now that's
Speaker 1: cool for them, What about for you? Is that cool
Speaker 1: for you? If you lose your job, you lose your house,
Speaker 1: your retirement dropped, it is that cool for you? It's
Speaker 1: not cool for me. Now. One bright spot is bitcoin.
Speaker 1: It seems like with all this bad news after that announcement,
Speaker 1: the price of stocks crashed um. But bitcoin seems to
Speaker 1: be holding on like a boss man. But it's like
Speaker 1: it's found this level. It's been here for a couple
Speaker 1: of months. It's right at this level, and it seems
Speaker 1: that it's finally starting to break apart from the stock market.
Speaker 1: So bitcoin has been trading like a like a NASDAC
Speaker 1: stock like a tech stock, it has correlation. It's called
Speaker 1: a tight correlation. But we've seen is that it's been
Speaker 1: closely correlated with tech stocks for much of two but
Speaker 1: now it's breaking. As a matter of fact, in the
Speaker 1: last thirty days, UM, the correlation with the Nasdaq has
Speaker 1: slid to zero point to six, which is the lowest
Speaker 1: we've seen since January. Now, a measure of one says
Speaker 1: they're moving perfectly in lock step. So we're at zero
Speaker 1: point to six, which is very low. UM. So it's
Speaker 1: looking good now. It was at point nine six in May,
Speaker 1: but now it's breaking apart. So as the Fed continues
Speaker 1: to get more hawkish, as we've seen earnings come out
Speaker 1: this week where meta Facebook got completely smashed, Amazon could
Speaker 1: got completely smashed down, or more bitcoin is held on.
Speaker 1: Bitcoin hasn't gone down a matter of fact, Bitcoin has
Speaker 1: gone up a little bit. And the and the correlation
Speaker 1: with stocks is really breaking out. And what we've seen
Speaker 1: is that bitcoin continues to overperform. We saw this week,
Speaker 1: UM lots of news coming out with bitcoin. One of
Speaker 1: the things we saw this week is that if we
Speaker 1: look at the transaction volume, the bitcoin annual transfer volume
Speaker 1: and we compare it to like another payment network like
Speaker 1: Visa or like MasterCard. How much are they transferring, what's
Speaker 1: their payment volume? And what we can see is that
Speaker 1: the payment volume for bitcoin is going through the roof.
Speaker 1: And to put this into kind of some numbers, between
Speaker 1: eighteen nineteen and twenty, for four years there it was
Speaker 1: in the two um trillion dollar range per year two
Speaker 1: point one, two point seven, two point three, dropped to
Speaker 1: one point nine, but it was in the two trillion
Speaker 1: range for four years in a row. Thirteen trillion two
Speaker 1: year to date fourteen trillion, So for four years in
Speaker 1: a row, two trillion, two trillion, two trillion, and then
Speaker 1: it went to thirteen trillion from two to thirteen last year.
Speaker 1: This year, fourteen trillion year to date, probably end up
Speaker 1: over fifteen trillion by the time the year is done.
Speaker 1: And so we're seeing it hold up when the markets
Speaker 1: are crashing. We're seeing it become one correlated and we're
Speaker 1: seeing the network grow. That's massively bullish. It's good news
Speaker 1: in the time when the entire market is bearished. If
Speaker 1: you're just tune in, you're listening to the Markma Show,
Speaker 1: we're talking about the decentralized revolution, talking about the way
Speaker 1: the world is changing as we look at through the
Speaker 1: lens of politics, finance, and technology, and we're talking about
Speaker 1: bitcoin right now and how it's doing. How's the bitcoin
Speaker 1: doing at a time with the market's crashing. Ware back
Speaker 1: with more in a minute. Don't go away. Well we're back,
Speaker 1: all right, Welcome back. If you're just tuning in, you're
Speaker 1: listening to the Mark Moa show where we talk about
Speaker 1: the decentralized revolution. We're talking about the technology piece. We're
Speaker 1: talking about the politics side, the financial side, the technology side.
Speaker 1: We talked about them all. And of course we're talking
Speaker 1: about the FED overtightening and what they're doing to the
Speaker 1: markets and how bitcoin seems to be holding up pretty
Speaker 1: well in the face of that adversity. Now, um, we
Speaker 1: talked about how the the annual transfer volum has been
Speaker 1: going up. Some other things that we can see is
Speaker 1: because bitcoin is so much different than any other asset
Speaker 1: that we've ever seen in the history of the world.
Speaker 1: One of those things that gives a difference is um
Speaker 1: the visibility, the transparency, and so everything that sits on
Speaker 1: the bitcoin blockchain is transparent. We can see it. We
Speaker 1: can see where the coins are when they move things
Speaker 1: like that. What we can see is that we can
Speaker 1: see UM at which price were the coins moved last.
Speaker 1: So for example, if I bought bitcoin today at I
Speaker 1: transferred it to my cold storage and it sat there
Speaker 1: for whatever the next ten years, then through on chain data,
Speaker 1: we could see that this bitcoin moved to this wallet
Speaker 1: um at this price at and it's sat there for
Speaker 1: ten years or twenty now. It's it's uh. The bitcoin
Speaker 1: network is not private because we can see this. It's transparent,
Speaker 1: it's not private, but it's anonymous. So what does that mean.
Speaker 1: It's it's not private. We can see the bitcoin moving
Speaker 1: on the blockchain when it moved to that last address,
Speaker 1: but it's private. We don't know who owns that address, right,
Speaker 1: so it's a little bit different there. But what we
Speaker 1: can see when we look at this data is we
Speaker 1: can see that UM. We can see we can see
Speaker 1: how long the bitcoin have sat there at which price point.
Speaker 1: And what we can see when looking at a chart
Speaker 1: right now, is that we can see bitcoin is actually
Speaker 1: becoming a reserve asset. And we can say that quantitatively
Speaker 1: um were not qualitatively, but quantitatively we can see that
Speaker 1: because what we can see is that UM each cycle.
Speaker 1: As bitcoin continues to mature and get bigger and bigger
Speaker 1: and bigger, the floor and the ceiling and bitcoin have
Speaker 1: been have been held for the long term one plus year.
Speaker 1: So bitcoin that's being held for at least one year
Speaker 1: and not moving is getting more and more and more.
Speaker 1: So we saw, you know, before bitcoin, a lot of
Speaker 1: people were coming in and buying bitcoin. They are being
Speaker 1: trading it, right, so they're they're new people, they've just
Speaker 1: come in. Maybe this was you. You just came into bitcoin.
Speaker 1: You're buying it, you're selling it. You buy bitcoin, you
Speaker 1: sell your buy etherory and your sells hearing. You buy
Speaker 1: h cardano, you sell cardano, you buy x y z token,
Speaker 1: et cetera. And you're buying, you're trading blah blah blah
Speaker 1: blah blah. But now what we're seeing in this bitcoin
Speaker 1: that's been sitting for at least one year, that's a holder.
Speaker 1: We call that a hoddler. They're holding it. They're hoddling
Speaker 1: it for what, well, that's their reserve, it's their savings.
Speaker 1: They're there, they're saving it for the long term. And
Speaker 1: what we can see is that the amount of bitcoins
Speaker 1: held for at least one year has only increased. It
Speaker 1: is getting higher and higher and higher, and so that
Speaker 1: is super bullish, super super bullish UM. And we can
Speaker 1: also see at these levels where we're at UM, in
Speaker 1: this twenty range UM, it's providing a base or support.
Speaker 1: So what we can see is that investors love their
Speaker 1: ability to accumulate at this cost basis. I've talked about
Speaker 1: this many times before. UM at this price point, in
Speaker 1: this you know, twenty dollar price point, it's a it's
Speaker 1: it's under levels that would tell us it's cheap. Now
Speaker 1: we don't know. Nobody knows, will never know a bottom
Speaker 1: or a top, so a lot of people is the
Speaker 1: out We don't know until we're looking backwards and we
Speaker 1: can confirm where that bottom is. What we can tell
Speaker 1: is when things are cheap or when things are expensive. Now,
Speaker 1: just because it's cheap doesn't mean that it can't get
Speaker 1: more cheap. It can, but it's cheap right now. Anytime
Speaker 1: it's been under this level, it's gone on to be
Speaker 1: a historic buy an opportunity. The last two times we've
Speaker 1: seen bitcoin get to this level, we've seen it rally
Speaker 1: and off of that, and that's where it's at. It's
Speaker 1: been trading for about five months in this range where
Speaker 1: it's at right now, and anytime it dips below this level,
Speaker 1: it just gets bought up really really, really fast. And
Speaker 1: even as it's getting hammered by the FED drone power
Speaker 1: coming out and saying we're going to break the markets,
Speaker 1: we'd rather break it and fix it later. Stocks are
Speaker 1: dropping and Bitcoin is holding on extremely extremely embarished, and
Speaker 1: I'm sorry bullish, And of course it's bullish because not
Speaker 1: only do we have that port, but we have all
Speaker 1: of this data. Like I said, we can see that
Speaker 1: the hoddlers are gaining steam. We saw this week Fidelity
Speaker 1: with Larger, one of the largest asset managers in the world,
Speaker 1: and they've been um very pro bitcoin for a long time,
Speaker 1: pro cryptocurrency, and they opened up this week a waiting
Speaker 1: list for their retail crypto products. So Fidelity has been
Speaker 1: in bitcoin for a long time. They have been mining bitcoin,
Speaker 1: I want to say since maybe for a long time. Um.
Speaker 1: Then they opened it up for their institutional clients, and
Speaker 1: now finally they're opening up well, they've opened up a
Speaker 1: waiting list for retail crypto product. It says that according
Speaker 1: to Fidelities website, the new product will offer commission free
Speaker 1: Bitcoin and ethereum trading, although it notes that I spread
Speaker 1: up to one percent will be charged, so UM commission
Speaker 1: free bitcoin and ether trading. So there's all types of
Speaker 1: exchanges where you can go trade your cryptocurrencies, which by
Speaker 1: the way, I don't recommend UM. I spent years and
Speaker 1: years and years trading and running trading groups, and unfortunately
Speaker 1: most people just lose their money. And even if you
Speaker 1: don't lose your money, you could probably spend that time
Speaker 1: somewhere better off. But it's expensive. Every single time you
Speaker 1: make a trade, it costs you money, which is why
Speaker 1: there's all these exchanges that make all this money, because
Speaker 1: every time you trade, whether you win or lose, they
Speaker 1: make money. And so Fidelity, according to them on their website,
Speaker 1: Learning New Product will offer commission free bitcoin ethereum trading,
Speaker 1: which is a pretty big deal. You have to understand.
Speaker 1: Like I said, they're already one of the largest asset managers.
Speaker 1: People already have their money parked there. It says Fidelities
Speaker 1: moved to target the retail market, follows a wider trend
Speaker 1: across crypto with banking giant Goldman sacks I in a
Speaker 1: collaboration with retail focused crypto Exchange f t X, so
Speaker 1: Goldman Sacks. If you don't know which, come on, you know.
Speaker 1: But if you don't know, Goldman Sacks is, I mean,
Speaker 1: they're they're the most connected bank out there, them in
Speaker 1: black Rock right there, kind of one and one with
Speaker 1: the government in the in the in the funnel reserve,
Speaker 1: and all of these banks are rushing to get in
Speaker 1: and create bitcoin products. And this is one thing that
Speaker 1: makes me super bullish on the fact that I don't
Speaker 1: think the government the United States will try to make
Speaker 1: it illegal. The laws of the United States are typically
Speaker 1: made by lobbyists, and they're written by lobbyists and then
Speaker 1: they're given to lawmakers who then just signed their name
Speaker 1: at it and the lobby The lobbyists are made up
Speaker 1: of all different types of industry groups obviously depend on
Speaker 1: what they're trying to lobby, but the banking or actually
Speaker 1: say the finance industry is one of the largest lobby
Speaker 1: groups there is. And now we've seen finality Goldman Sacks
Speaker 1: and the largest financial institutions there are bring on bitcoin products.
Speaker 1: And in order for someone like the Goldman Sacks to
Speaker 1: bring on a bitcoin product, they could spend hundreds of
Speaker 1: millions if not billions of dollars with partnerships and sponsorships
Speaker 1: and staff and compliance and regulatory and all these things.
Speaker 1: And so now we have all the financial institutions that
Speaker 1: have now moved into the bitcoin space, and they're going
Speaker 1: to just let the government make it illegal and they're
Speaker 1: just gonna lose billions and billions of dollars. But remember
Speaker 1: who makes the laws with the lobby groups make the law.
Speaker 1: So are they going to make laws making it illegal
Speaker 1: for them to use and make money in the businesses
Speaker 1: that they've developed. I think the chance of that is
Speaker 1: very slim. Now it's possible, Everything is possible, but it's
Speaker 1: certainly not my base case. I think the banks, the
Speaker 1: financial institutions will not be putting forward those bills. If
Speaker 1: those bills are put forward, they'll probably push back on
Speaker 1: those bills. We also have dozens of high ranking senators
Speaker 1: and politicians um that are pro bitcoin. And then we
Speaker 1: have potentially twenty five million Americans that own it that
Speaker 1: also wouldn't be very happy and would certainly be fighting
Speaker 1: back and voting against that as well. So these are
Speaker 1: the things that make me bullish. Why we won't see um,
Speaker 1: you know, the government trying to make it illegal anytime soon.
Speaker 1: If you're just tuning in, you're listening to the Markma Show.
Speaker 1: We're talking about the decentralized Revolution, talking about the way
Speaker 1: the world is changing. Of course, as we look at
Speaker 1: through lens of politics, finance, and technology, the technology being bitcoin,
Speaker 1: decentralized technology, it's always technology the changes the world, and
Speaker 1: we can see it happening right now at a time
Speaker 1: when the US dollar value of bitcoin is still kind
Speaker 1: of down, it's holding on, showing signs of breaking out.
Speaker 1: And these are the reasons why. I'll be back with
Speaker 1: more in a minute. Don't go away, I'll be right back.
Speaker 1: All right, Welcome back. You are listening to the Mark
Speaker 1: Ma Show talking about the decentralized Revolution. We're running through
Speaker 1: some of the biggest news going around this week, and uh,
Speaker 1: looking at it through that lens. Remember, politics, finance, and
Speaker 1: technology is always technology that changes the world, and we
Speaker 1: are seeing this right now. There's a big, big, big,
Speaker 1: big story that's been um dominating mainstream media for a while.
Speaker 1: Uh probably I think since April or May of two,
Speaker 1: but it all came to a head this week and
Speaker 1: I am talking about the world's richest man, Elon Musk
Speaker 1: taking over I don't know, maybe one of the largest
Speaker 1: social media platforms in the world, and that is Twitter.
Speaker 1: Of course, you know by now that Musk bought Twitter,
Speaker 1: he took a possession of it last Friday, and uh,
Speaker 1: there's a lot of information going around about that. Um,
Speaker 1: a lot of information that I think is wrong. I
Speaker 1: think it's focusing on the wrong thing. And so, um,
Speaker 1: what we see all over the place is it's a
Speaker 1: threat to our democracy. It's a threat to our democracy.
Speaker 1: He's going to let all these mean things be said online.
Speaker 1: Blah blah blah blah blah. Now why would people even
Speaker 1: say that in the first place, Well, they would say
Speaker 1: that because Twitter has been censoring people so harsh and
Speaker 1: so fast, been so strong that Um, now must said
Speaker 1: that he wants to allow freedom of speech, you know
Speaker 1: that thing that we're guaranteed by our constitution, the freedom
Speaker 1: of speech. Um, he wants to allow people to have
Speaker 1: free speech. And so instantly it's going to become a
Speaker 1: cesspool and of horror where people are gonna say all
Speaker 1: these mean things. I mean, it's just insanity. And somehow
Speaker 1: that's going to be a threat to our democracy, which
Speaker 1: is even more insane First of all, we don't have
Speaker 1: a democracy. Just so you know that we don't have
Speaker 1: a democracy. What we have is a republic. If you've
Speaker 1: if you've said the Pledge of allegiance in school like
Speaker 1: I grew up saying, then you would know when you
Speaker 1: put your hand over the heart and you said, and
Speaker 1: to the republic for which it stands. Remember that when
Speaker 1: Benjamin Franklin walked out of was it see what I'm
Speaker 1: drawn a blank on the name. When after they signed
Speaker 1: the Declaration of Independence they signed the constitution, he walked
Speaker 1: out and they said, hey, what happened? He said, well,
Speaker 1: congre adulations. You have a republic if you can keep it.
Speaker 1: We don't have a democracy with republic. But what is
Speaker 1: a democracy anyway? And a democracy is rule of the people,
Speaker 1: of the common people, not of the elite, but of
Speaker 1: the common people. So there's no threat to democracy. The
Speaker 1: threat to the democracy is not allowing the common people
Speaker 1: to be heard. That's a threat to the democracy. Remember
Speaker 1: a democracy. If you look it up the definition, Um,
Speaker 1: I'm gonna I'm gonna look it up right now because
Speaker 1: I want to read it to you factually. So if
Speaker 1: we have it right here, uh, government by the people
Speaker 1: exercised either directly or through elected representatives. So the government
Speaker 1: by the people exercised through representatives. Um, And it says
Speaker 1: the common people considered as the primary source of political power.
Speaker 1: So the common people, you and I were common we
Speaker 1: are supposed to have the power. It says, uh, the
Speaker 1: principles and policies of the Democratic Party the common people,
Speaker 1: especially when constituting the source of political authority. So so
Speaker 1: all political authority is supposed to come from the common people,
Speaker 1: from you and I. And in order for UM, the
Speaker 1: political authority to come from you and I, then our
Speaker 1: voice have to be heard. And how do I how
Speaker 1: is our voice heard? Well, that's heard through free speech.
Speaker 1: If you're censoring half of the people in the world,
Speaker 1: that's not democracy, it says here point number five. The
Speaker 1: absence of hereditary or arbitrary class distinctions or privileges. So
Speaker 1: this is not UM, some arbitrary group that's defined of
Speaker 1: these elites, these elites that run these platforms, these elites
Speaker 1: that fact check us. No, it's the common people. And
Speaker 1: just because you don't like the common people, let's says
Speaker 1: here the common people of a community as distinguished so
Speaker 1: different from any privileged class so just because you don't
Speaker 1: like what they have to say, it doesn't matter. It's
Speaker 1: the democracy would be having hurt. Now again, we're in
Speaker 1: a republic, not democracy. But the fact that Elon must
Speaker 1: wants to allow us to have free speech un democracy
Speaker 1: is is a complete uh scam. Anyway, that's at the
Speaker 1: point of what I'm talking about. The point I'm talking
Speaker 1: about is that well sort of is right. It's the
Speaker 1: it's the convergence of politics, finance, and technology, and so
Speaker 1: politically this is a very charged topic. Politically, Um, it's
Speaker 1: charged in the finance because obviously it's a forty four
Speaker 1: billion dollar deal, publicly traded company, richest man in the world,
Speaker 1: bravery deal, but also technology. And that's the point that
Speaker 1: I want to get to the real story here. I
Speaker 1: broke this on my YouTube channel. You can check out
Speaker 1: my YouTube channel just search Mark Moss on YouTube. And
Speaker 1: I really went deep into the research on this one
Speaker 1: and we looked at what why did Elon Musk really
Speaker 1: buy Twitter? And I'm not gonna go through the whole thing.
Speaker 1: You can go watch the video if you want, but
Speaker 1: you have to understand, um, what Elon Musk said, Why
Speaker 1: he said, why he's buying it. He said, he's doing
Speaker 1: it for humanity. But you also have to look at
Speaker 1: where he got his start, and he got his start
Speaker 1: at PayPal, and I believe that was in his partner,
Speaker 1: co founder Peter thiel Um put out a video which
Speaker 1: I used in my intube video where he said that, hey,
Speaker 1: we see that the rise of Internet enabled phones is
Speaker 1: going to grow really rapidly, and we think that these
Speaker 1: Internet enabled phones will allow people to move money, and
Speaker 1: they'll be able to move money and they won't need
Speaker 1: the government or the banks to do it, and the
Speaker 1: government of the banks like China, he called out, will
Speaker 1: lose their power. The only way they could stop it
Speaker 1: would be to shut down the Internet and the mobile
Speaker 1: phone networks altogether. This is Peter Theeal PayPal co founder
Speaker 1: back in making a statement, and today that's exactly where
Speaker 1: we're at. Um. Smartphones or Internet enabled phones are basically
Speaker 1: at full adoption. They're almost adoption throughout the world, and
Speaker 1: we have them exactly what he said. The problem is
Speaker 1: they started PayPal to change the financial system, but they
Speaker 1: weren't able to do it, and Elon Musk obviously sold
Speaker 1: out on PayPal, as did Peter feel also PayPal. Also
Speaker 1: Elon Musk and Peter Field originally wanted to call it
Speaker 1: X and Peter and Sorry Musk owned a domain name
Speaker 1: X and in two thousand and seventeen he bought that
Speaker 1: domain name back from PayPal. We don't know how much,
Speaker 1: maybe six or eight million dollars or so um and
Speaker 1: he bought that name back X. Now, when he started
Speaker 1: talking about buying Twitter in May two he made a
Speaker 1: pitch to the investors to the board saying that he
Speaker 1: had an idea to bring a new product to Twitter
Speaker 1: called X that he thinks could bring in hundreds of
Speaker 1: millions of users and create billions of dollars of value. Now,
Speaker 1: what is that X. Well, my theory, my research shows
Speaker 1: is that he started PayPal to change the financial system,
Speaker 1: to change where payments are done because he cares about humanity.
Speaker 1: They weren't able to do it with PayPal, and they
Speaker 1: left PayPal. He went back and bought the ex domain
Speaker 1: name back for them, probably with some hope of reviving
Speaker 1: it at some point to get back to his original mission, which,
Speaker 1: as he said, he bought Twitter Twitter for humanity. Maybe
Speaker 1: he got back to his original vision to help humanity
Speaker 1: through payments. And now it looks like he's assembled some
Speaker 1: of the original PayPal founders, better known as the PayPal Mafia,
Speaker 1: to come back on the board. He's also partnered with
Speaker 1: c Z. He's the founder of Finance, which is one
Speaker 1: of the largest, if not the largest, cryptocurrency trading platforms
Speaker 1: out there. And it looks like the project that he
Speaker 1: pitched to the Twitter investors and shareholders X is coming back,
Speaker 1: and this time it will have payments built into the
Speaker 1: Twitter platform, which could potentially free us from the banking
Speaker 1: institutions that hold us hostage over money. It looks like
Speaker 1: that's what's happening. Um, I'm connecting the dots again. If
Speaker 1: you want to go watch that video, go search Mark
Speaker 1: Moss on YouTube. You can see that. If you're not
Speaker 1: following on social media, you should check me on social
Speaker 1: media as well. You can find me on Twitter and
Speaker 1: Instagram at one Mark Moss. That's just the number one.
Speaker 1: Mark Moss also put out a tweet thread on this
Speaker 1: as well, So if you want to keep up on
Speaker 1: the play to play day by day, make sure to
Speaker 1: follow me on Twitter, Instagram at one Mark Moss um
Speaker 1: check me out on YouTube at Mark Moss. You can
Speaker 1: see the whole video breaking this down. I have all
Speaker 1: the graph the charts, the headlines. I called them the receipts,
Speaker 1: and of course I break down some of this to
Speaker 1: you as well. You're listening to the Mark Mass Show.
Speaker 1: We break down the intersection of politics, finance and technology,
Speaker 1: and that's what I got for you to day. Thanks
Speaker 1: so much for listening.