1 00:00:00,040 --> 00:00:03,120 Speaker 1: Hey, welcome to another episode of The Mark Mass Show 2 00:00:03,160 --> 00:00:08,520 Speaker 1: where we talk about bitcoin and cryptocurrencies, the decentralized revolution 3 00:00:08,560 --> 00:00:11,239 Speaker 1: that is happening around the world. And I'm trying to 4 00:00:11,320 --> 00:00:14,319 Speaker 1: come at you each and every week, really digging in 5 00:00:14,360 --> 00:00:20,040 Speaker 1: and bringing to you the intersection the converging of politics, finance, 6 00:00:20,440 --> 00:00:22,840 Speaker 1: and technology. I know there's a lot of people out 7 00:00:22,840 --> 00:00:25,400 Speaker 1: there talking about politics, a lot of people out there 8 00:00:25,400 --> 00:00:29,080 Speaker 1: talking about finance, but nobody's talking about all three of 9 00:00:29,120 --> 00:00:33,360 Speaker 1: them coming together. And how when you put this all 10 00:00:33,400 --> 00:00:36,279 Speaker 1: into context, you see things a lot more clear. Uh. 11 00:00:36,320 --> 00:00:38,600 Speaker 1: It also helps you understand not only what's going on, 12 00:00:38,640 --> 00:00:40,479 Speaker 1: but where things are going on, what you should be 13 00:00:40,520 --> 00:00:45,000 Speaker 1: doing about it. You can't talk about politics without understanding 14 00:00:45,040 --> 00:00:48,199 Speaker 1: other things, because of course politics drives economics, but of 15 00:00:48,240 --> 00:00:52,520 Speaker 1: course economics also drives politics. But even more importantly, it's 16 00:00:52,520 --> 00:00:56,120 Speaker 1: technology that throughout history, thousands of years of history, it's 17 00:00:56,120 --> 00:00:59,280 Speaker 1: always technology that changes the world more than anything. And 18 00:00:59,320 --> 00:01:03,560 Speaker 1: so politics influences the economics and back and forth. But 19 00:01:03,600 --> 00:01:05,720 Speaker 1: then it's a technology that's really the bigger piece. And 20 00:01:05,760 --> 00:01:08,960 Speaker 1: so we look at all three of those things in context. 21 00:01:10,000 --> 00:01:12,399 Speaker 1: And I say that because we're gonna talk about some 22 00:01:12,440 --> 00:01:15,000 Speaker 1: of the economy stuff. But then we're gonna it's gonna 23 00:01:15,080 --> 00:01:18,039 Speaker 1: lead us into some of the politics behind what's driving this. 24 00:01:18,920 --> 00:01:21,800 Speaker 1: And then we'll talk about how the technology is going 25 00:01:21,840 --> 00:01:24,120 Speaker 1: to change all this and not just change it, but 26 00:01:24,240 --> 00:01:28,400 Speaker 1: fix it. And if you understand that, if you understand 27 00:01:28,440 --> 00:01:30,399 Speaker 1: all three of these in context, it's gonna tell you 28 00:01:30,440 --> 00:01:32,560 Speaker 1: exactly what you should be doing to position yourself on 29 00:01:32,600 --> 00:01:35,760 Speaker 1: the right side so you can take advantage of this situation. 30 00:01:36,120 --> 00:01:38,000 Speaker 1: I don't want to say that taking advantage in a 31 00:01:38,040 --> 00:01:41,000 Speaker 1: bad way. You can be positioned to um, come out 32 00:01:41,040 --> 00:01:44,800 Speaker 1: ahead front, run this, profit from this, whatever you want 33 00:01:44,800 --> 00:01:48,040 Speaker 1: to call it, which will be much better to be 34 00:01:48,040 --> 00:01:49,960 Speaker 1: able to deal with this type of stuff when you 35 00:01:50,040 --> 00:01:52,640 Speaker 1: understand it. And so um, we're talking about those three, 36 00:01:52,720 --> 00:01:55,680 Speaker 1: the three converging and we'll start with the money side 37 00:01:55,720 --> 00:01:58,840 Speaker 1: of the economy side, which of course drives everything else. 38 00:01:58,880 --> 00:02:02,680 Speaker 1: And so big news this week, really big news this 39 00:02:02,720 --> 00:02:06,120 Speaker 1: week was that the g d P, the gross domestic 40 00:02:06,240 --> 00:02:10,480 Speaker 1: product number of the United States, the largest economy in 41 00:02:10,520 --> 00:02:16,200 Speaker 1: the world, was released this week and it was very disappointing, 42 00:02:16,240 --> 00:02:19,800 Speaker 1: to say the least. Now, it shouldn't be a big 43 00:02:19,800 --> 00:02:23,400 Speaker 1: surprise to anybody, um, except for the you know experts, 44 00:02:23,560 --> 00:02:26,639 Speaker 1: because the experts apparently live in a different world than 45 00:02:26,680 --> 00:02:30,919 Speaker 1: we all do, and they were expecting much better numbers. 46 00:02:31,320 --> 00:02:33,280 Speaker 1: But of course that's not what we had. And of course, 47 00:02:33,320 --> 00:02:34,799 Speaker 1: like I said, it's not a surprise, shouldn't be a 48 00:02:34,800 --> 00:02:38,000 Speaker 1: big surprise to mer you, UM that the economy shrink, 49 00:02:38,400 --> 00:02:41,920 Speaker 1: the economy shrink, UM, the g d P, the US 50 00:02:42,080 --> 00:02:46,240 Speaker 1: GDP gross domestic product falls one point four percent as 51 00:02:46,280 --> 00:02:52,200 Speaker 1: the economy shrinks for the first time since the pandemic started. Now, 52 00:02:52,240 --> 00:02:54,960 Speaker 1: the gross domestic product basically that takes into account all 53 00:02:55,160 --> 00:02:58,040 Speaker 1: of the products made in the United States, adds them 54 00:02:58,080 --> 00:03:02,079 Speaker 1: all up into a into a total number, and that's 55 00:03:02,120 --> 00:03:04,760 Speaker 1: how they measure the the the output of the economy 56 00:03:04,960 --> 00:03:09,040 Speaker 1: based off of how big that number is. And like 57 00:03:09,120 --> 00:03:11,720 Speaker 1: I said, it shouldn't come as any big surprise because 58 00:03:12,560 --> 00:03:15,959 Speaker 1: prices have been going absolutely through the roof. UM. We 59 00:03:16,080 --> 00:03:18,040 Speaker 1: talked about in an earlier show. Maybe a couple of 60 00:03:18,080 --> 00:03:21,040 Speaker 1: weeks ago, the new cp I, the Consumer Price Index 61 00:03:21,120 --> 00:03:25,440 Speaker 1: number came out eight point five cent, breaking records. We 62 00:03:25,480 --> 00:03:28,200 Speaker 1: haven't seen that number for forty forty two years. I 63 00:03:28,240 --> 00:03:30,840 Speaker 1: think it was since the early eighties. UM. The significance 64 00:03:30,880 --> 00:03:33,160 Speaker 1: of that, of course, is back in the early eighties 65 00:03:33,240 --> 00:03:35,280 Speaker 1: is when we were at the highest point of inflation 66 00:03:35,360 --> 00:03:39,280 Speaker 1: as well, and UH and then President Ronald Reagan and 67 00:03:39,440 --> 00:03:43,120 Speaker 1: and then then Fed chaired H. Paul Volker had to 68 00:03:43,200 --> 00:03:46,520 Speaker 1: make emergency action and they had to raise interest rates, 69 00:03:46,560 --> 00:03:52,040 Speaker 1: the FED funds rate too over twenty percent to solve 70 00:03:52,120 --> 00:03:55,240 Speaker 1: that problem. And here we are today back at that number. UM. 71 00:03:55,320 --> 00:03:58,360 Speaker 1: Of course, we're nowhere near UM. We're still in the 72 00:03:58,400 --> 00:04:01,640 Speaker 1: single digits, but rapidly rising. And if they really want 73 00:04:01,680 --> 00:04:04,119 Speaker 1: to get a handle on inflation like they did back then, 74 00:04:04,600 --> 00:04:08,200 Speaker 1: they're gonna have to go back to about But imagine 75 00:04:08,240 --> 00:04:12,040 Speaker 1: what happens to the world if that happens. What do 76 00:04:12,080 --> 00:04:15,040 Speaker 1: you think happens to real estate? If mortgages were you know, 77 00:04:15,080 --> 00:04:19,600 Speaker 1: back to if you guess they would crash, you you 78 00:04:19,680 --> 00:04:22,280 Speaker 1: are right. But that's where we're at. So anyway, back 79 00:04:22,360 --> 00:04:24,520 Speaker 1: to where we're at. So the inflation is running hot, 80 00:04:24,560 --> 00:04:26,920 Speaker 1: what does that mean? That means the cost of gasoline 81 00:04:27,320 --> 00:04:29,240 Speaker 1: is now twice as much to fill up my truck 82 00:04:29,320 --> 00:04:32,599 Speaker 1: with gas. That something I'm not super happy about, cost 83 00:04:32,680 --> 00:04:34,560 Speaker 1: me twice as much to go to dinner. My airline 84 00:04:34,600 --> 00:04:37,760 Speaker 1: tickets have gotten more expensive, everything's gotten more expensive, and 85 00:04:37,839 --> 00:04:42,960 Speaker 1: so when things get more expensive, guess what happens. People 86 00:04:43,040 --> 00:04:45,040 Speaker 1: have to cut back. People don't spend as much money 87 00:04:45,040 --> 00:04:47,640 Speaker 1: because the problem is is that your income isn't going 88 00:04:47,760 --> 00:04:51,160 Speaker 1: up as fast as the costs of goods and services, 89 00:04:51,800 --> 00:04:54,480 Speaker 1: and so you have to buy less. You prioritize the 90 00:04:54,520 --> 00:04:57,560 Speaker 1: stuff that you need and buy less of the stuff 91 00:04:57,600 --> 00:04:59,800 Speaker 1: that you want. UM. And so, of course, I guess 92 00:04:59,839 --> 00:05:01,680 Speaker 1: not an not a big surprise, but UM, it says 93 00:05:01,720 --> 00:05:03,520 Speaker 1: here the U S economy is shrink, you know, shrink 94 00:05:03,560 --> 00:05:09,400 Speaker 1: in the first quarter. And just like the consumer Price 95 00:05:09,520 --> 00:05:11,400 Speaker 1: Index I call it the c P I, what they 96 00:05:11,440 --> 00:05:14,080 Speaker 1: called the z P I, I called the cp LIE 97 00:05:14,600 --> 00:05:19,400 Speaker 1: because that number is so manipulated that it's notically not 98 00:05:19,560 --> 00:05:22,799 Speaker 1: actually true. This g g d P number is actually 99 00:05:23,360 --> 00:05:26,240 Speaker 1: very very manipulated as well. I'm gonna explain how that's 100 00:05:26,279 --> 00:05:29,320 Speaker 1: manipulated in a minute, UM, and we'll dig into some 101 00:05:29,360 --> 00:05:31,039 Speaker 1: of the details on that. But what we can see 102 00:05:31,080 --> 00:05:33,560 Speaker 1: here is that um, like I said, the decline in 103 00:05:33,560 --> 00:05:35,920 Speaker 1: the US grows tomistic product at one point four percent 104 00:05:35,960 --> 00:05:39,559 Speaker 1: annual rate marked a sharp reversal from a six point 105 00:05:39,760 --> 00:05:43,120 Speaker 1: nine percent annual growth rate in the fourth quarter of 106 00:05:43,240 --> 00:05:46,159 Speaker 1: last year. So we went from growing from about seven 107 00:05:46,240 --> 00:05:49,880 Speaker 1: percent to now shrinking at about a percent and a half. 108 00:05:50,600 --> 00:05:53,000 Speaker 1: That's a big deal. It's a real big deal. Now, 109 00:05:53,400 --> 00:05:56,080 Speaker 1: we've talked about other things in the in the finance side, 110 00:05:56,120 --> 00:05:58,840 Speaker 1: the economic side of things, and so for example, in 111 00:05:58,880 --> 00:06:02,280 Speaker 1: the previous weeks, we would talking about this yield curve inversion, 112 00:06:02,360 --> 00:06:05,280 Speaker 1: and so the the amount of money that you can 113 00:06:05,400 --> 00:06:08,240 Speaker 1: make if you loan money to the government by buying bonds. 114 00:06:08,839 --> 00:06:11,840 Speaker 1: The short term rates have been going up by the 115 00:06:11,960 --> 00:06:13,960 Speaker 1: while the long term rates have been going down, and 116 00:06:14,040 --> 00:06:17,840 Speaker 1: so the yield curve is flattening and is inverting. A 117 00:06:17,920 --> 00:06:20,359 Speaker 1: lot of the yield curve actually went upside down, meaning 118 00:06:21,760 --> 00:06:24,840 Speaker 1: it's more expensive in the long run than it is 119 00:06:24,960 --> 00:06:26,720 Speaker 1: and I'm sorry, more expensive in the short run, that 120 00:06:26,800 --> 00:06:28,679 Speaker 1: is in the long run. And so whenever it flips, 121 00:06:28,760 --> 00:06:33,120 Speaker 1: r inverts like that every time in history it's led 122 00:06:33,160 --> 00:06:36,720 Speaker 1: to a recession. So that indicator, that's why people talk 123 00:06:36,720 --> 00:06:39,400 Speaker 1: about that all the time, this yield curve, when it inverts, 124 00:06:40,040 --> 00:06:42,760 Speaker 1: it tells us there's a recession coming. And guess what 125 00:06:43,279 --> 00:06:46,280 Speaker 1: it inverted. And now the economy went from growing a 126 00:06:46,360 --> 00:06:51,200 Speaker 1: seven to shrinking by one five percent. Sounds like a recession, 127 00:06:51,240 --> 00:06:55,280 Speaker 1: doesn't it. Um. And that's exactly where we're at. And uh, 128 00:06:55,520 --> 00:07:01,320 Speaker 1: you know, there's no shortage of excuses, there's no shortage 129 00:07:01,360 --> 00:07:04,520 Speaker 1: of you know, people trying to explain this a way. 130 00:07:04,560 --> 00:07:06,920 Speaker 1: As a matter of fact, Um, Bloomberg said that the 131 00:07:07,000 --> 00:07:15,080 Speaker 1: GDP likely to show quote misleading end quote us weakness. Um. So, uh, 132 00:07:15,600 --> 00:07:19,560 Speaker 1: don't don't trust the facts, don't trust the don't trust math. 133 00:07:20,240 --> 00:07:23,040 Speaker 1: It's misleading. It's not it's not true. It's like these 134 00:07:23,200 --> 00:07:25,560 Speaker 1: people telling you in the school system that math is racist. 135 00:07:25,640 --> 00:07:29,080 Speaker 1: Somehow math is just math, it's just fact, it's just 136 00:07:29,200 --> 00:07:33,480 Speaker 1: what it is. But somehow Bloomberg tells us that it's misleading. Um. 137 00:07:33,560 --> 00:07:35,720 Speaker 1: And they're saying that, you know, it's misleading because you 138 00:07:35,800 --> 00:07:38,760 Speaker 1: know prices went up by a lot. Well yeah, no kidding, 139 00:07:39,600 --> 00:07:43,160 Speaker 1: that's exactly what causes the recession. If they could have 140 00:07:43,240 --> 00:07:46,400 Speaker 1: kept inflation under control, we wouldn't be here where we 141 00:07:46,480 --> 00:07:48,320 Speaker 1: are now. And that kind of goes back to this 142 00:07:48,440 --> 00:07:51,960 Speaker 1: kind of conversation that I've had, which is that you 143 00:07:52,040 --> 00:07:54,920 Speaker 1: know this inflation number is is uh, is so misleading 144 00:07:55,040 --> 00:07:59,040 Speaker 1: overall and it doesn't really state the damage that's done 145 00:07:59,120 --> 00:08:02,160 Speaker 1: to this But you know, in this In this Bloomberg article, 146 00:08:02,200 --> 00:08:04,880 Speaker 1: they talked about it being misleading and they said that, 147 00:08:05,480 --> 00:08:07,440 Speaker 1: you know, the consumers are quote they're spending with a 148 00:08:07,520 --> 00:08:10,560 Speaker 1: little a little bit more discretion than they were, say, 149 00:08:10,640 --> 00:08:16,520 Speaker 1: six months ago. Uh yeah, no kidding. When when prices 150 00:08:16,680 --> 00:08:19,240 Speaker 1: keep going up at that rate, people by less as 151 00:08:19,240 --> 00:08:21,400 Speaker 1: I've already made the case. Now, you know, the government 152 00:08:21,480 --> 00:08:23,080 Speaker 1: keeps telling and said, oh no, we're going to get 153 00:08:23,120 --> 00:08:25,960 Speaker 1: inflation under control, don't worry. But I do want to 154 00:08:26,000 --> 00:08:28,080 Speaker 1: just make a point that prices went up by eight 155 00:08:28,120 --> 00:08:32,920 Speaker 1: point five. Even if they bring inflation back down to zero, 156 00:08:33,840 --> 00:08:37,480 Speaker 1: that doesn't mean prices go back down to where they were. 157 00:08:38,000 --> 00:08:41,959 Speaker 1: What that means is that they stop going up now. 158 00:08:42,440 --> 00:08:43,920 Speaker 1: Like I said, I want to talk about this GDP 159 00:08:44,080 --> 00:08:46,880 Speaker 1: number and specifically I want to talk about how it's manipulated. 160 00:08:47,280 --> 00:08:50,440 Speaker 1: Then I want to talk about the cause of all 161 00:08:50,520 --> 00:08:52,120 Speaker 1: of this, and I want to I want to talk 162 00:08:52,160 --> 00:08:54,959 Speaker 1: about exactly what the i m F, the International Monetary 163 00:08:55,040 --> 00:08:58,719 Speaker 1: Funds said with the head of the ECB, Europeans Bank, 164 00:08:58,800 --> 00:09:00,360 Speaker 1: and the head of the US Central Bank as well 165 00:09:00,440 --> 00:09:02,920 Speaker 1: the Federal Reserve. I'm gonna play some clips that's going 166 00:09:03,000 --> 00:09:06,240 Speaker 1: to blow your mind. And then I'm going to talk about, um, 167 00:09:07,480 --> 00:09:09,440 Speaker 1: what this really means, the impact, And of course then 168 00:09:09,520 --> 00:09:13,319 Speaker 1: we'll talk about the new technology, um, the new trend 169 00:09:13,360 --> 00:09:15,960 Speaker 1: that's coming to fix all of this. And I'm gonna 170 00:09:15,960 --> 00:09:19,520 Speaker 1: show you some exact uh instances that we can see 171 00:09:19,559 --> 00:09:21,959 Speaker 1: that demonstrates that, UM, all that. When I come back, 172 00:09:22,000 --> 00:09:24,040 Speaker 1: you're listening to the Mark Moa Show talking about the 173 00:09:24,080 --> 00:09:27,040 Speaker 1: intersection of politics, finance, and technology. Of course we're talking 174 00:09:27,040 --> 00:09:31,559 Speaker 1: about bitcoin and the decentralized revolution that's happening so much more. 175 00:09:31,760 --> 00:09:33,439 Speaker 1: When I come back. Don't go away, I'll be right back, 176 00:09:34,040 --> 00:09:36,440 Speaker 1: all right, Welcome back. You're listening to the Mark Moa Show. 177 00:09:36,480 --> 00:09:41,040 Speaker 1: We're talking about the decentralized revolution that is changing the 178 00:09:41,120 --> 00:09:43,240 Speaker 1: world that we're living in. We're witnessing all of this 179 00:09:43,320 --> 00:09:44,920 Speaker 1: in real time, and I'm just here on the sidelines 180 00:09:44,960 --> 00:09:47,199 Speaker 1: commentating for you, giving you the play by play, so 181 00:09:47,360 --> 00:09:50,040 Speaker 1: it brings it into context, you understand what's going on. 182 00:09:50,160 --> 00:09:52,680 Speaker 1: Of course, we're talking about the intersection of politics, finance, 183 00:09:52,800 --> 00:09:55,320 Speaker 1: and technology. We'll talk about all three of those areas 184 00:09:55,640 --> 00:09:59,079 Speaker 1: and specifically bringing into context, of course, how they come together. 185 00:09:59,160 --> 00:10:02,319 Speaker 1: And we were talking about for the break, the latest 186 00:10:02,960 --> 00:10:05,960 Speaker 1: gross domestic product, the GDP numbers just came out from 187 00:10:06,040 --> 00:10:11,079 Speaker 1: the US government and it was very disappointing for them, 188 00:10:11,920 --> 00:10:14,920 Speaker 1: somewhat expected from me. And it doesn't take a rocket 189 00:10:14,960 --> 00:10:17,160 Speaker 1: scientist to figure that out. I'm sure it was probably 190 00:10:18,040 --> 00:10:21,679 Speaker 1: something that you might have expected. Like what happens when 191 00:10:21,760 --> 00:10:24,120 Speaker 1: prices go up so fast that people can't afford to 192 00:10:24,200 --> 00:10:28,120 Speaker 1: buy things anymore, Well, they buy less, which it means 193 00:10:28,559 --> 00:10:33,720 Speaker 1: GDP growth goes down. Wow, you're smarter than these PhD 194 00:10:33,800 --> 00:10:37,719 Speaker 1: in economics because they couldn't figure that out. Amazing right, Um, 195 00:10:38,000 --> 00:10:40,120 Speaker 1: And so you know, they give us lots of reasons. 196 00:10:40,200 --> 00:10:43,360 Speaker 1: They say, like I said, the consumer spending has gone down. Um, 197 00:10:43,520 --> 00:10:45,880 Speaker 1: of course it has because prices have gone up. They 198 00:10:45,960 --> 00:10:50,240 Speaker 1: said that wages, the wages are going up. They say, 199 00:10:50,920 --> 00:10:52,679 Speaker 1: I don't know how much. I don't know how much 200 00:10:52,679 --> 00:10:54,719 Speaker 1: of a pay raise you've received in the last year, 201 00:10:54,760 --> 00:10:58,040 Speaker 1: but they say they're going up. However, they're not keeping 202 00:10:58,320 --> 00:11:01,640 Speaker 1: up with inflation, meaning prices are going up way more 203 00:11:02,000 --> 00:11:04,679 Speaker 1: than your rate of pay is going up. So the 204 00:11:04,760 --> 00:11:09,520 Speaker 1: price of gasoline has about doubled. Has your income doubled? Well? No, uh, 205 00:11:10,679 --> 00:11:13,160 Speaker 1: Homes across the United States have average gone they've gone 206 00:11:13,240 --> 00:11:17,880 Speaker 1: up about thirty five has your pay gone up by no? Uh, 207 00:11:18,000 --> 00:11:23,280 Speaker 1: the average rental increases UM gone up. I think some 208 00:11:23,440 --> 00:11:26,319 Speaker 1: states have seen more than sixt going up in rents. 209 00:11:26,679 --> 00:11:30,079 Speaker 1: Some some local areas have gone up more than has 210 00:11:30,160 --> 00:11:31,760 Speaker 1: your pay gone up that much? And of course the 211 00:11:31,760 --> 00:11:34,839 Speaker 1: answer is no. I say that rhetorical of course. Um. 212 00:11:35,080 --> 00:11:36,720 Speaker 1: And so even if they say, even if we take 213 00:11:36,760 --> 00:11:39,280 Speaker 1: out some of the gas price increases, which, of course, 214 00:11:39,320 --> 00:11:41,240 Speaker 1: like I said, gas went up really high, we're still 215 00:11:41,240 --> 00:11:43,480 Speaker 1: facing an issue of our incomes not keeping up with 216 00:11:43,520 --> 00:11:46,719 Speaker 1: the pace of consumption, and something is going to have 217 00:11:47,040 --> 00:11:51,600 Speaker 1: to give, said Stephen Gallagher, US chief economist at Societal General. 218 00:11:52,320 --> 00:11:54,280 Speaker 1: So I guess he kind of gets it. Something has 219 00:11:54,320 --> 00:11:57,000 Speaker 1: to give. Yeah, that means we're buying less things, and 220 00:11:57,080 --> 00:11:59,920 Speaker 1: so they're trying to kind of make these excuses, try 221 00:12:00,000 --> 00:12:02,640 Speaker 1: had a reason away. That's what these economists do. Really, 222 00:12:02,800 --> 00:12:05,600 Speaker 1: if you think about it, these the the the experts, 223 00:12:06,160 --> 00:12:10,559 Speaker 1: trust the experts, the experts. The economists are there to 224 00:12:10,800 --> 00:12:13,679 Speaker 1: try to convince us what the government is doing and 225 00:12:13,840 --> 00:12:16,680 Speaker 1: that what the government is doing is right and good, 226 00:12:17,080 --> 00:12:21,360 Speaker 1: and they try to come up with these very elaborate 227 00:12:21,520 --> 00:12:24,599 Speaker 1: answers that you know, we don't understand because we're just 228 00:12:24,679 --> 00:12:27,079 Speaker 1: not near as smart as they are, right, Um, And 229 00:12:27,120 --> 00:12:29,720 Speaker 1: so they give us these elaborate answers trying to explain 230 00:12:29,760 --> 00:12:31,160 Speaker 1: this away. But let me make it a little bit 231 00:12:31,200 --> 00:12:34,319 Speaker 1: more simple for you now, UM, if we if we 232 00:12:34,320 --> 00:12:36,559 Speaker 1: break down the world of economics. And I know this 233 00:12:36,600 --> 00:12:38,040 Speaker 1: a little bit boring, I'm trying to make an interesting 234 00:12:38,120 --> 00:12:40,360 Speaker 1: for you. But UM, we kind of have two camps, 235 00:12:40,520 --> 00:12:42,560 Speaker 1: if you will, and you won't really hear about these 236 00:12:42,600 --> 00:12:46,920 Speaker 1: two camps mostly but mainly everybody's in this Kinsian camp. Um. 237 00:12:47,080 --> 00:12:49,760 Speaker 1: John Maynard Keynes came out with this um kind of 238 00:12:50,120 --> 00:12:53,280 Speaker 1: form of economics about a hundred years ago when he 239 00:12:53,320 --> 00:12:55,760 Speaker 1: helped write the current system that we have today, including 240 00:12:55,760 --> 00:12:59,320 Speaker 1: the Breton Words monetary system, and basically under Kinsey and economics, 241 00:12:59,360 --> 00:13:01,200 Speaker 1: they believe that the government should just print as much 242 00:13:01,240 --> 00:13:03,680 Speaker 1: money as they need, and that if the government prints money, 243 00:13:03,720 --> 00:13:07,000 Speaker 1: they can help us through these recessions. Um. I don't 244 00:13:07,360 --> 00:13:11,360 Speaker 1: think that's correct, And obviously the proof is here, right, 245 00:13:11,760 --> 00:13:14,679 Speaker 1: It's obviously not worked. Since those policies have been put 246 00:13:14,720 --> 00:13:17,480 Speaker 1: into place a hundred years ago, we just continue to 247 00:13:17,480 --> 00:13:20,199 Speaker 1: see bigger booms and boom booms and bus booms and 248 00:13:20,240 --> 00:13:22,760 Speaker 1: bus booms and bus over and over and over um. 249 00:13:22,920 --> 00:13:24,920 Speaker 1: And then the other camp would be like an Austrian 250 00:13:25,040 --> 00:13:28,920 Speaker 1: school of economics, which believes in not creating money from 251 00:13:28,960 --> 00:13:31,599 Speaker 1: thin air and not having a never ending series of 252 00:13:31,640 --> 00:13:33,520 Speaker 1: booms and bust, which I don't know, it sounds better 253 00:13:33,559 --> 00:13:35,760 Speaker 1: to me, unless maybe you like the booms and bust. Now, 254 00:13:35,800 --> 00:13:37,600 Speaker 1: if you could perfectly time them, I suppose it could 255 00:13:37,600 --> 00:13:40,480 Speaker 1: be an advantage, but unfortunately most people can't. Um. You're 256 00:13:40,480 --> 00:13:42,400 Speaker 1: listening to the Markmas Show. By the way, we're talking 257 00:13:42,440 --> 00:13:45,280 Speaker 1: about the decentralized revolution that the world is going through 258 00:13:45,360 --> 00:13:48,520 Speaker 1: right now. Things are breaking apart and getting crazy because 259 00:13:48,880 --> 00:13:52,160 Speaker 1: it's changing, and what's changing it is the technology. And 260 00:13:52,240 --> 00:13:55,119 Speaker 1: so we talked about the intersection of politics, finance, and technology, 261 00:13:55,240 --> 00:13:58,120 Speaker 1: looking at those three things in context. So if you're 262 00:13:58,160 --> 00:14:00,440 Speaker 1: new to the Markmas Show, thanks for listening. Make sure 263 00:14:00,679 --> 00:14:03,800 Speaker 1: to put this appointment to be with me each and 264 00:14:03,840 --> 00:14:05,520 Speaker 1: every week on your calendar so you don't miss me. 265 00:14:06,120 --> 00:14:08,480 Speaker 1: But we're talking about this this GDP print, and what's 266 00:14:08,480 --> 00:14:12,040 Speaker 1: really happening is is uh, what what a lot of 267 00:14:12,080 --> 00:14:17,520 Speaker 1: people would call stagflation. Stagflation is where you don't make 268 00:14:17,640 --> 00:14:21,600 Speaker 1: more money, um, but things just keep getting more expensive 269 00:14:23,080 --> 00:14:26,880 Speaker 1: and Uh, that's basically where we're at right, Um, that 270 00:14:27,960 --> 00:14:30,320 Speaker 1: they're inflating the money supply, and when they do that, 271 00:14:30,600 --> 00:14:35,200 Speaker 1: it's basically stealing because it steals your purchasing power. So 272 00:14:35,280 --> 00:14:37,880 Speaker 1: what does that mean? If I had a hundred dollars 273 00:14:37,920 --> 00:14:41,120 Speaker 1: in my bank account last year and I could buy 274 00:14:41,320 --> 00:14:44,120 Speaker 1: I could fill Okay, so I could fill up my 275 00:14:44,240 --> 00:14:47,840 Speaker 1: truck with gas for a hundred dollars last year. Now 276 00:14:48,120 --> 00:14:51,760 Speaker 1: it's almost two hundred dollars. So that means a hundred 277 00:14:51,760 --> 00:14:54,120 Speaker 1: dollars got me a full tank of gas last year. 278 00:14:54,240 --> 00:14:56,560 Speaker 1: A hundred dollars gets me half a tank of gas 279 00:14:56,720 --> 00:15:02,720 Speaker 1: this year. So they they literally stole my purchasing power. 280 00:15:02,880 --> 00:15:06,760 Speaker 1: They literally stole fifty worth of gas from me? How 281 00:15:06,800 --> 00:15:10,000 Speaker 1: do they do that by printing the money? All Right? 282 00:15:10,200 --> 00:15:15,280 Speaker 1: The thing that differentiate differentiates stagflation from what they call 283 00:15:15,440 --> 00:15:19,440 Speaker 1: regular inflation is, like I said, the price increases are 284 00:15:19,520 --> 00:15:23,040 Speaker 1: more concentrated in things that people feel are making them 285 00:15:23,240 --> 00:15:27,400 Speaker 1: poorer instead of making them believe falsely that they're becoming richer. 286 00:15:28,520 --> 00:15:32,360 Speaker 1: But as the distinction between the asset prices asset prices 287 00:15:32,360 --> 00:15:37,120 Speaker 1: which be stocks, real estate, things like that, and consumer prices, 288 00:15:38,360 --> 00:15:40,720 Speaker 1: even they try to break those a part of these 289 00:15:40,720 --> 00:15:42,800 Speaker 1: economist try and say, oh, but inflation is only an 290 00:15:42,800 --> 00:15:47,600 Speaker 1: asset prices, not consumer prices. Well, if I'm a consumer 291 00:15:47,640 --> 00:15:51,400 Speaker 1: and I buy a house, that's a consumer expense of 292 00:15:51,920 --> 00:15:55,120 Speaker 1: how has done an asset? Right? Stocks and bonds are 293 00:15:55,160 --> 00:15:58,840 Speaker 1: also an expense to me buying them, um, and consumer 294 00:15:58,920 --> 00:16:01,840 Speaker 1: goods are assets to people selling them. So they try 295 00:16:01,880 --> 00:16:04,000 Speaker 1: to break these apart to seem all academic and try 296 00:16:04,040 --> 00:16:06,800 Speaker 1: to hide this fact um. But it's but it's it's 297 00:16:06,840 --> 00:16:10,040 Speaker 1: kind of like this made up lie that's happening. And 298 00:16:10,120 --> 00:16:12,640 Speaker 1: again this is all manipulated. So think about this. So 299 00:16:13,240 --> 00:16:17,280 Speaker 1: this the GDP, the gross domestic product. Well, if if 300 00:16:17,440 --> 00:16:21,960 Speaker 1: prices are inflating, and GDP measures all the goods and 301 00:16:22,040 --> 00:16:25,800 Speaker 1: services that are sold, but inflation has pushed the price 302 00:16:25,880 --> 00:16:28,360 Speaker 1: of those goods and services up, So wouldn't it make 303 00:16:28,400 --> 00:16:32,400 Speaker 1: sense that g d P also goes up? Of course 304 00:16:32,480 --> 00:16:34,880 Speaker 1: it would. Now for some of you guys that may 305 00:16:34,920 --> 00:16:37,160 Speaker 1: be a little bit smarter than you might go, well, 306 00:16:37,200 --> 00:16:39,560 Speaker 1: but Mark, you're not being totally truthful, because isn't there 307 00:16:39,600 --> 00:16:42,840 Speaker 1: such a thing as a g DP deflator that actually 308 00:16:42,960 --> 00:16:46,320 Speaker 1: takes into account this inflation? And the answer is yes, 309 00:16:46,800 --> 00:16:48,720 Speaker 1: there is that, and so they try to say, well, 310 00:16:48,840 --> 00:16:51,160 Speaker 1: we take this into account, But how do they take 311 00:16:51,160 --> 00:16:54,560 Speaker 1: it into into account when the c p I number, 312 00:16:54,640 --> 00:16:57,120 Speaker 1: the measure of inflation they give us is all fake. 313 00:16:58,520 --> 00:17:01,120 Speaker 1: So you've given us a fake number, trying to adjust 314 00:17:01,120 --> 00:17:03,000 Speaker 1: it with another fake number, which ends up with a 315 00:17:03,040 --> 00:17:05,800 Speaker 1: fake number. All right, Um, it doesn't work like that. 316 00:17:06,080 --> 00:17:10,120 Speaker 1: It's it's completely manipulated. But UM, I want to tell 317 00:17:10,160 --> 00:17:12,480 Speaker 1: you the real cause of this. And I'm not going 318 00:17:12,520 --> 00:17:14,880 Speaker 1: to just tell you from me. I'm gonna I'm gonna 319 00:17:15,000 --> 00:17:18,000 Speaker 1: let you hear clips directly from the head of the 320 00:17:18,000 --> 00:17:20,360 Speaker 1: Fellow Reserve, the head of the I m F International 321 00:17:20,560 --> 00:17:23,840 Speaker 1: Entary Fund in a conversation they had laughing about this. 322 00:17:24,480 --> 00:17:26,280 Speaker 1: I'm gonna play you a clip of that and when 323 00:17:26,320 --> 00:17:28,080 Speaker 1: I get back, and then I'm gonna tell you about 324 00:17:28,400 --> 00:17:30,560 Speaker 1: the consequences of all this and what this really means 325 00:17:30,640 --> 00:17:32,440 Speaker 1: to you, and then of course how you can protect 326 00:17:32,480 --> 00:17:36,640 Speaker 1: yourself and how we fix this, how we fix the world. 327 00:17:36,720 --> 00:17:40,400 Speaker 1: We got a lot to cover. Um, and I can't 328 00:17:40,400 --> 00:17:43,080 Speaker 1: believe these clips. Oh my gosh, I can't believe they're 329 00:17:43,080 --> 00:17:46,280 Speaker 1: saying this out loud. Typically what we hear is, you know, 330 00:17:46,400 --> 00:17:50,480 Speaker 1: these leaders make up excuses the gas lightest of what 331 00:17:50,560 --> 00:17:52,959 Speaker 1: you're seeing is not really what you're seeing or um, 332 00:17:53,000 --> 00:17:54,840 Speaker 1: imagine how much it would have worse, it would have been, 333 00:17:55,400 --> 00:17:57,639 Speaker 1: or it would have worked and if it wasn't for this, 334 00:17:58,119 --> 00:18:00,159 Speaker 1: But nope, here they are just in many in it 335 00:18:00,400 --> 00:18:04,119 Speaker 1: right out of their mouth. Shocking that they would do that. 336 00:18:04,680 --> 00:18:06,040 Speaker 1: By the way, you're listening to the Mark Moa show 337 00:18:06,119 --> 00:18:09,040 Speaker 1: talking about this decentralized revolution that's changing the world as 338 00:18:09,080 --> 00:18:12,240 Speaker 1: we know, talking about the intersection of politics, finance, and technology. 339 00:18:12,600 --> 00:18:14,800 Speaker 1: I'm gonna have some clips from some of these monetary 340 00:18:14,880 --> 00:18:17,399 Speaker 1: leaders when we get back. That's gonna be shocking. So 341 00:18:17,480 --> 00:18:20,159 Speaker 1: don't go away, all right, welcome back. You are listening 342 00:18:20,240 --> 00:18:23,640 Speaker 1: to the markma show. We're talking about we're talking about 343 00:18:23,680 --> 00:18:25,919 Speaker 1: the world. We're talking about the world being shaken up 344 00:18:25,960 --> 00:18:29,399 Speaker 1: and changing right before our very eyes. And um, unless 345 00:18:29,400 --> 00:18:33,040 Speaker 1: you've been living under a rock, um, you probably realize 346 00:18:33,080 --> 00:18:36,200 Speaker 1: that the world is pretty dang crazy right now. There's 347 00:18:36,200 --> 00:18:38,920 Speaker 1: a lot of things going on. And why is there 348 00:18:39,040 --> 00:18:43,200 Speaker 1: so much going on? Vladimir Lenin said that there's there's 349 00:18:43,320 --> 00:18:46,160 Speaker 1: decades where nothing seems to happen, and then there's days 350 00:18:46,200 --> 00:18:48,600 Speaker 1: where decades seem to happen. And that's kind of where 351 00:18:48,640 --> 00:18:50,280 Speaker 1: we're at right now. I think you would agree. Right 352 00:18:50,320 --> 00:18:51,880 Speaker 1: every day it's like, oh my gosh, I can't believe 353 00:18:51,880 --> 00:18:55,080 Speaker 1: how much is changing and why Why is that? Well, 354 00:18:55,280 --> 00:18:58,480 Speaker 1: that's because we're in the middle of this revolution. The 355 00:18:58,560 --> 00:19:02,720 Speaker 1: world is changing and it's driven by the converging of 356 00:19:02,920 --> 00:19:07,520 Speaker 1: three things three cycles, politics, finance, and technology. So I'm 357 00:19:07,560 --> 00:19:09,320 Speaker 1: here trying to give you the play by play on 358 00:19:09,400 --> 00:19:11,399 Speaker 1: that each end every week. Hopefully that makes sense now. 359 00:19:11,600 --> 00:19:13,959 Speaker 1: I was talking about before the break about the new 360 00:19:14,040 --> 00:19:16,600 Speaker 1: numbers that came out this week from the government US 361 00:19:17,080 --> 00:19:20,480 Speaker 1: g d P gross domestic product number was very disappointing 362 00:19:20,520 --> 00:19:22,560 Speaker 1: to them, to say the least. We went from growing 363 00:19:22,560 --> 00:19:26,440 Speaker 1: in almost seven percent um to growing um out about 364 00:19:26,480 --> 00:19:29,440 Speaker 1: one percent I'm sorry, going slowing down by one percent, 365 00:19:29,840 --> 00:19:32,720 Speaker 1: a drastic change. They were surprised, of course. I wasn't. 366 00:19:32,960 --> 00:19:36,320 Speaker 1: What happens when prices go up, Um, people buy less. 367 00:19:36,840 --> 00:19:38,960 Speaker 1: It's not rocket science. I think on elementary kid. I 368 00:19:39,000 --> 00:19:41,359 Speaker 1: could probably ask my daughter, who was on the radio 369 00:19:41,359 --> 00:19:45,000 Speaker 1: a couple of weeks ago, Uh, hopefully you enjoyed that. 370 00:19:45,040 --> 00:19:47,119 Speaker 1: I thought that was pretty fun. She didn't really like it, 371 00:19:47,200 --> 00:19:49,840 Speaker 1: but anyway, um, she could probably even tell you that question. 372 00:19:50,000 --> 00:19:52,600 Speaker 1: What happens when prices go up on everything and people 373 00:19:52,640 --> 00:19:54,840 Speaker 1: don't make any more money? She would say, well they 374 00:19:54,920 --> 00:19:57,280 Speaker 1: buy a less duh. But they were, they were surprised. 375 00:19:57,680 --> 00:20:00,440 Speaker 1: But um, what is the real cause of this? And 376 00:20:00,560 --> 00:20:03,480 Speaker 1: that's the piece that I want to get into now. Now, UM, 377 00:20:06,720 --> 00:20:11,440 Speaker 1: the money is controlled by central bankers, and the big 378 00:20:11,560 --> 00:20:15,280 Speaker 1: central banks are in the In the United States, we 379 00:20:15,400 --> 00:20:20,600 Speaker 1: have the Federal Reserve UH. In Europe, the euro runs 380 00:20:20,640 --> 00:20:23,639 Speaker 1: off the European Central Bank UM. And then we have 381 00:20:23,960 --> 00:20:26,720 Speaker 1: the one above that. It's kind of the central bank 382 00:20:26,760 --> 00:20:29,159 Speaker 1: above central banks, which is the i m F, the 383 00:20:29,240 --> 00:20:33,639 Speaker 1: International Monetary Fund, and the three of those people, so 384 00:20:34,119 --> 00:20:37,200 Speaker 1: Chrystalina Georgina, she runs the i m F. We have 385 00:20:37,520 --> 00:20:39,560 Speaker 1: Jerome Powell from the U s Phedo Reserve, and then 386 00:20:39,600 --> 00:20:42,520 Speaker 1: we have Christine the Guard from the ECB European Central Bank. 387 00:20:42,720 --> 00:20:45,800 Speaker 1: They all got together and they had a conversation UM 388 00:20:46,080 --> 00:20:49,639 Speaker 1: on CNBC. Now, like I said, well, usually we just 389 00:20:49,720 --> 00:20:53,320 Speaker 1: get lies, we get lies, we get obfuscation, They spin 390 00:20:53,480 --> 00:20:57,960 Speaker 1: the story whatever right to make us believe that what 391 00:20:58,080 --> 00:21:03,000 Speaker 1: we're seeing is not what we're seeing. Um, I can't 392 00:21:03,000 --> 00:21:05,200 Speaker 1: really think of any of I can't think of any 393 00:21:05,200 --> 00:21:06,960 Speaker 1: of them that actually give us the truth, except typically 394 00:21:06,960 --> 00:21:09,320 Speaker 1: when they get out of office, then they start being 395 00:21:09,400 --> 00:21:12,360 Speaker 1: much more Honestum. But but in this in this conversation, 396 00:21:12,520 --> 00:21:16,240 Speaker 1: they're laughing, and uh, I am a director. Christina George 397 00:21:16,240 --> 00:21:19,040 Speaker 1: Delna said some things that were completely shocking, and they're 398 00:21:19,080 --> 00:21:20,439 Speaker 1: so shocking that I don't want to say them. I'm 399 00:21:20,440 --> 00:21:22,840 Speaker 1: gonna actually have you hear them directly from her mouth. 400 00:21:22,880 --> 00:21:24,600 Speaker 1: So let's quite and just play this first clip so 401 00:21:24,640 --> 00:21:26,840 Speaker 1: you can hear what she has to say. I think 402 00:21:26,920 --> 00:21:30,760 Speaker 1: we are not paying sufficient attention to the law of 403 00:21:30,960 --> 00:21:36,560 Speaker 1: unintended consequences. We take decisions with an objective in mind 404 00:21:37,160 --> 00:21:41,879 Speaker 1: and really think true what may happen that is not 405 00:21:42,280 --> 00:21:48,119 Speaker 1: our objective? Uh, and then we wrestle uh with the 406 00:21:48,400 --> 00:21:52,600 Speaker 1: with the impact of it. M hmm. Did she just 407 00:21:52,680 --> 00:21:56,920 Speaker 1: say that? She said that we're not paying attention to 408 00:21:57,119 --> 00:22:02,920 Speaker 1: the unintended consequences of our actions. She said, quote, we 409 00:22:03,400 --> 00:22:07,680 Speaker 1: rarely think through rarely that's her word. We rarely think 410 00:22:07,800 --> 00:22:13,560 Speaker 1: through what may happen, and then we wrestle with the 411 00:22:13,720 --> 00:22:16,320 Speaker 1: impact of it. Wait wait wait wait wait wait did 412 00:22:16,359 --> 00:22:19,159 Speaker 1: she said she said that we rarely think through what 413 00:22:19,400 --> 00:22:24,800 Speaker 1: may happen? M hmm. Well again, my daughter who had 414 00:22:24,840 --> 00:22:27,439 Speaker 1: on the radio and she's in uh in middle school, 415 00:22:27,560 --> 00:22:32,520 Speaker 1: she can tell you what would happen. Um, it's just insane. 416 00:22:32,560 --> 00:22:35,480 Speaker 1: As a matter of fact, Christina and Georgian comes back 417 00:22:35,560 --> 00:22:37,320 Speaker 1: and tells us, let's go ahead and play clip number 418 00:22:37,320 --> 00:22:40,240 Speaker 1: two and listen to this part. Any decision that is 419 00:22:40,280 --> 00:22:44,200 Speaker 1: a massive decision, like the decision that we need to 420 00:22:44,280 --> 00:22:47,640 Speaker 1: spend to support the economy. You know, at that time 421 00:22:47,880 --> 00:22:53,840 Speaker 1: we did recognize that mainly to too much money in 422 00:22:54,000 --> 00:22:58,880 Speaker 1: circulation to a few goods, but didn't really quite think 423 00:22:59,080 --> 00:23:03,480 Speaker 1: through the sequence in a way that up front would 424 00:23:03,480 --> 00:23:07,320 Speaker 1: have informed better what what we do. And I subscribe 425 00:23:07,600 --> 00:23:13,880 Speaker 1: entirely what to what Christine said about climate shocks. Mm hmm. 426 00:23:14,680 --> 00:23:18,399 Speaker 1: So she said that the massive decision like spending, they had, 427 00:23:18,440 --> 00:23:22,119 Speaker 1: that they had this massive decision to spend to support 428 00:23:22,160 --> 00:23:25,480 Speaker 1: the economy, but they didn't recognize that that maybe it 429 00:23:25,480 --> 00:23:28,040 Speaker 1: would be too much money in circulation, and that that 430 00:23:28,160 --> 00:23:30,720 Speaker 1: too much money in circulation would be chasing too few 431 00:23:30,760 --> 00:23:33,840 Speaker 1: of goods. Now, what do you think happens? And I 432 00:23:33,880 --> 00:23:35,600 Speaker 1: asked my daughter when she's on the radio, they I said, 433 00:23:35,600 --> 00:23:38,800 Speaker 1: if there was if there was uh ten people that 434 00:23:38,920 --> 00:23:41,080 Speaker 1: wanted to buy a house, but only one house. What 435 00:23:41,160 --> 00:23:42,720 Speaker 1: do you think would happen, Well, she said, well the 436 00:23:42,760 --> 00:23:44,800 Speaker 1: cost of that house will go up. Yes, what if 437 00:23:44,840 --> 00:23:47,600 Speaker 1: there was ten houses for sale but only one buyer, Well, 438 00:23:47,600 --> 00:23:49,800 Speaker 1: the cost of the house will go down. So too 439 00:23:49,920 --> 00:23:53,400 Speaker 1: much money, too many buyers chasing too few goods, two 440 00:23:53,480 --> 00:23:55,479 Speaker 1: little of homes. What do you think happens? The prices 441 00:23:55,600 --> 00:23:59,880 Speaker 1: go up? Duh? My daughter answered this correctly. And here 442 00:24:00,240 --> 00:24:04,440 Speaker 1: here's the head of the I m F saying we 443 00:24:04,720 --> 00:24:08,480 Speaker 1: did recognize that there would be too much money chasing 444 00:24:08,520 --> 00:24:11,080 Speaker 1: too few good So we did recognize that. But she says, 445 00:24:11,240 --> 00:24:18,000 Speaker 1: to her own quote, we didn't think through the consequences. Wow, 446 00:24:18,600 --> 00:24:21,040 Speaker 1: I mean this is economics one on one. Like I said, 447 00:24:21,080 --> 00:24:23,959 Speaker 1: even my daughter got got this right the other day. Now, 448 00:24:24,080 --> 00:24:28,760 Speaker 1: what are the consequences? What are the consequences? Well, the 449 00:24:28,880 --> 00:24:33,320 Speaker 1: consequences are now prices are so high that people can't 450 00:24:33,400 --> 00:24:37,560 Speaker 1: afford food in some countries. Um, I'm gonna I'm gonna 451 00:24:37,600 --> 00:24:39,960 Speaker 1: dig more into that. Let's play one more clip here? 452 00:24:40,080 --> 00:24:43,600 Speaker 1: Why and this I think this explains why they don't 453 00:24:43,720 --> 00:24:46,359 Speaker 1: think through these I guess Let's go and play his 454 00:24:46,440 --> 00:24:47,800 Speaker 1: third clip. A parent see what she has to say, 455 00:24:48,560 --> 00:24:54,119 Speaker 1: we are already out of time, and the fact that 456 00:24:54,880 --> 00:24:59,440 Speaker 1: whenever something hits us, we forget about this other crisis 457 00:24:59,600 --> 00:25:03,920 Speaker 1: is in incredibly troubling. The fact that we are I'm sorry, 458 00:25:03,960 --> 00:25:06,040 Speaker 1: I'm going on here, but I'll finish in a second. 459 00:25:06,800 --> 00:25:12,920 Speaker 1: We act sometimes like eight years old playing soccer. Here's 460 00:25:13,000 --> 00:25:15,359 Speaker 1: the ball. We are all at the ball, and we 461 00:25:15,480 --> 00:25:20,520 Speaker 1: don't cover the rest of the field. Now, I have kids, 462 00:25:20,800 --> 00:25:22,680 Speaker 1: and my kids played soccer when they grew up. And 463 00:25:22,760 --> 00:25:24,639 Speaker 1: if you've watched eight year old kids playing soccer, all 464 00:25:24,640 --> 00:25:26,000 Speaker 1: they do is just mobbed the ball and they just 465 00:25:26,119 --> 00:25:28,160 Speaker 1: run around in a little circle. And as she said, 466 00:25:28,200 --> 00:25:29,840 Speaker 1: we played like eight year olds. I'm playing soccer. We 467 00:25:29,960 --> 00:25:33,119 Speaker 1: don't focus on the field. So to her point that 468 00:25:33,359 --> 00:25:41,320 Speaker 1: she likened the leaders making the biggest decision that infects 469 00:25:41,400 --> 00:25:46,879 Speaker 1: the entire world, affects eight billion people, and she said herself, 470 00:25:47,119 --> 00:25:51,120 Speaker 1: they're like eight year olds, not focusing on the field. 471 00:25:53,280 --> 00:25:59,879 Speaker 1: I mean, I just can't be can't be overstated these impacts. 472 00:26:01,359 --> 00:26:05,520 Speaker 1: We'll kill millions of people, potentially billions of people. Not 473 00:26:05,680 --> 00:26:07,720 Speaker 1: don't not not me. This is from the U n 474 00:26:08,880 --> 00:26:13,800 Speaker 1: from starvation, these decisions that they made because they, in 475 00:26:13,880 --> 00:26:17,919 Speaker 1: her own words, didn't think through the consequences. In her 476 00:26:17,960 --> 00:26:21,560 Speaker 1: own words, we were like eight year olds will now 477 00:26:21,880 --> 00:26:26,919 Speaker 1: lead to massive death and destruction. That's and they're laughing 478 00:26:26,960 --> 00:26:30,520 Speaker 1: about it, like eight year olds? Now, how Mark? I oh, 479 00:26:30,600 --> 00:26:32,560 Speaker 1: come on, Mark, you're being a little bit too overboard. 480 00:26:32,600 --> 00:26:34,359 Speaker 1: I mean, okay, so they didn't think through and they 481 00:26:34,400 --> 00:26:36,399 Speaker 1: printed the trillions of dollars, but I mean, come on, 482 00:26:36,520 --> 00:26:38,360 Speaker 1: it's going to cause death and destruction. I think you're 483 00:26:38,359 --> 00:26:42,320 Speaker 1: being a little dramatic. Really really am I As a 484 00:26:42,359 --> 00:26:43,919 Speaker 1: matter of fact, I can prove it to you. Let 485 00:26:44,000 --> 00:26:45,680 Speaker 1: me bring you some of these receipts, because I know 486 00:26:45,720 --> 00:26:48,840 Speaker 1: it's a pretty big claim. So she says, we didn't 487 00:26:48,840 --> 00:26:51,400 Speaker 1: think through the consequences, Well, what are the consequences? Then 488 00:26:51,720 --> 00:26:54,200 Speaker 1: I can tell you. I talked about him every single week. 489 00:26:55,800 --> 00:26:58,920 Speaker 1: Like I said, it's economics one oh one. So I'll 490 00:26:58,960 --> 00:27:01,640 Speaker 1: break that down. I'm gonna down exactly how this impacts 491 00:27:01,840 --> 00:27:03,840 Speaker 1: your life, and I have the math. I'm actually gonna 492 00:27:03,840 --> 00:27:06,960 Speaker 1: give you the math of how it actually impacts your life. 493 00:27:07,920 --> 00:27:09,120 Speaker 1: I don't think a lot of people in the United 494 00:27:09,119 --> 00:27:10,840 Speaker 1: States will be dying, but unfortunately other parts of the 495 00:27:10,880 --> 00:27:13,560 Speaker 1: world they will be um And then again, we'll go 496 00:27:13,680 --> 00:27:17,320 Speaker 1: back and talk about, UM, how we have a new 497 00:27:17,400 --> 00:27:19,680 Speaker 1: technology that's solved this now. Of course, if you listen 498 00:27:19,680 --> 00:27:21,159 Speaker 1: to my show on a regular basis, you know that 499 00:27:21,240 --> 00:27:23,720 Speaker 1: I'm talking about bitcoin. We're on the verge of a 500 00:27:23,840 --> 00:27:28,760 Speaker 1: technological revolution, something that changes the course of humanity. You're 501 00:27:28,800 --> 00:27:30,199 Speaker 1: listening to the Mark mos Show, and to be right 502 00:27:30,240 --> 00:27:32,560 Speaker 1: back with more. Don't go away, all right, welcome back. 503 00:27:32,600 --> 00:27:34,760 Speaker 1: You're listening to the Mark Moa Show. We're talking about 504 00:27:34,880 --> 00:27:37,639 Speaker 1: this decentralized revolution that the world is going through, how 505 00:27:37,720 --> 00:27:40,720 Speaker 1: it's shaking up and being changed and transformed right before 506 00:27:40,760 --> 00:27:42,400 Speaker 1: our very eyes. And of course we talked about each 507 00:27:42,400 --> 00:27:47,200 Speaker 1: and every week the the converging cycles of politics, finance 508 00:27:47,280 --> 00:27:50,000 Speaker 1: and technology, and of course we've been talking about UM 509 00:27:50,800 --> 00:27:54,480 Speaker 1: all of that. I mean mostly finance today, UM talking 510 00:27:54,520 --> 00:27:57,160 Speaker 1: about the g d P numbers that came out from 511 00:27:57,280 --> 00:28:01,520 Speaker 1: the US government this week that we're shocking to them, 512 00:28:01,600 --> 00:28:03,560 Speaker 1: not so shocking to me. We went from growing at 513 00:28:03,560 --> 00:28:06,560 Speaker 1: seven percent to shrinking at one percent UM. And of 514 00:28:06,680 --> 00:28:11,159 Speaker 1: course that's all happening because of the money, because of 515 00:28:11,200 --> 00:28:14,480 Speaker 1: the money supply. I played some clips, UM from the leaders, 516 00:28:14,600 --> 00:28:17,080 Speaker 1: the people who actually run the money supply. Of course, 517 00:28:17,119 --> 00:28:19,679 Speaker 1: I'm talking about Jerome Powell at the FED, UM, Christine 518 00:28:19,680 --> 00:28:22,119 Speaker 1: and George Elina at the I m F, and Christine 519 00:28:22,160 --> 00:28:24,840 Speaker 1: Legarth the ECB European Central Bank, and that they all 520 00:28:24,880 --> 00:28:28,679 Speaker 1: sat together in a round table for CNBC and laughed 521 00:28:28,680 --> 00:28:31,320 Speaker 1: about it. I played the clips at the last the 522 00:28:31,400 --> 00:28:33,320 Speaker 1: last segment of Christine and Georgia from the I m 523 00:28:33,400 --> 00:28:37,680 Speaker 1: F laughing saying we didn't pay enough to the unintended consequences. 524 00:28:37,840 --> 00:28:41,280 Speaker 1: She said, in her own words, quote, we rarely think 525 00:28:41,600 --> 00:28:46,240 Speaker 1: through rarely. So someone who has the power to impact 526 00:28:46,360 --> 00:28:49,360 Speaker 1: eight billion people's lives saw something I would expect to 527 00:28:49,400 --> 00:28:53,560 Speaker 1: hear them say that they rarely think through the impact. Um. 528 00:28:53,640 --> 00:28:55,960 Speaker 1: She said, well, we we did recognize that it was 529 00:28:56,000 --> 00:28:58,120 Speaker 1: going to be too much money and too few goods. 530 00:28:58,200 --> 00:29:01,560 Speaker 1: We did, but we didn't think through the consequences of that. 531 00:29:02,000 --> 00:29:05,640 Speaker 1: She said, we're like eight year olds. That's what's That's 532 00:29:05,640 --> 00:29:09,400 Speaker 1: what she said. Let me let me just repeat that. Uh, 533 00:29:10,320 --> 00:29:14,880 Speaker 1: we knew that are spending would be too much money 534 00:29:14,960 --> 00:29:18,120 Speaker 1: chasing too few goods, but didn't think through the consequences. 535 00:29:18,120 --> 00:29:20,600 Speaker 1: So let me tell you what the consequences are. All right, 536 00:29:21,000 --> 00:29:22,680 Speaker 1: So when you print too much money, you have too 537 00:29:22,760 --> 00:29:25,200 Speaker 1: much money chasing too a few goods. What does that do? Well, 538 00:29:25,240 --> 00:29:27,280 Speaker 1: that pushes the price of goods up, all right, but 539 00:29:27,320 --> 00:29:29,600 Speaker 1: it does more than that. When the price of everything 540 00:29:29,720 --> 00:29:34,000 Speaker 1: goes up, then things start to break down. So you 541 00:29:34,080 --> 00:29:36,200 Speaker 1: print a bunch of money, you pay people not to work. Well, 542 00:29:36,240 --> 00:29:38,200 Speaker 1: then not as many people work, well, not as many 543 00:29:38,240 --> 00:29:40,600 Speaker 1: people work. Then you know, as many people producing goods 544 00:29:40,640 --> 00:29:43,080 Speaker 1: and services. So then you have less goods and services, 545 00:29:43,240 --> 00:29:45,000 Speaker 1: but you still have more money. So then you have 546 00:29:45,560 --> 00:29:47,960 Speaker 1: the price goes up even more, which then means more 547 00:29:48,000 --> 00:29:49,960 Speaker 1: business go out of business, which means then you have 548 00:29:50,040 --> 00:29:51,880 Speaker 1: less goods and services, which means the supply chaine start 549 00:29:51,920 --> 00:29:54,440 Speaker 1: breaking down, and then there's not enough trucks to get 550 00:29:54,520 --> 00:29:56,000 Speaker 1: the stuff off the boats and get it there, and 551 00:29:56,040 --> 00:29:58,920 Speaker 1: then there's not enough ships running, and then on and 552 00:29:59,000 --> 00:30:00,760 Speaker 1: on and on, so like, oh, yeah, well the prices 553 00:30:00,800 --> 00:30:02,840 Speaker 1: are growing up because the supply chains breaking down. Yeah, 554 00:30:03,160 --> 00:30:05,600 Speaker 1: but why are supply chains breaking down? They've always worked fine. 555 00:30:06,800 --> 00:30:09,680 Speaker 1: Oh well they're going down because we have more goods 556 00:30:09,720 --> 00:30:11,600 Speaker 1: being purchased than we had before. Well, why do we 557 00:30:11,640 --> 00:30:14,680 Speaker 1: have more goods being purchased? Oh, because, as she said, 558 00:30:14,760 --> 00:30:19,440 Speaker 1: we printed too much money. It's all about the money. 559 00:30:21,560 --> 00:30:24,320 Speaker 1: That's the unintended consequences that she's talking about it. But 560 00:30:24,320 --> 00:30:27,160 Speaker 1: it gets even worse than that. So we pay in 561 00:30:27,200 --> 00:30:29,560 Speaker 1: the United States, we pay farmers not to plant food. 562 00:30:30,200 --> 00:30:32,880 Speaker 1: I know, it's insane. Google it. It's insane. But it's 563 00:30:32,880 --> 00:30:34,640 Speaker 1: happening all over the world. So what's happening all around 564 00:30:34,640 --> 00:30:36,400 Speaker 1: the world is now these supply chains are breaking down. 565 00:30:36,640 --> 00:30:39,280 Speaker 1: Supply chains are breaking down, and then guess what happens, Well, 566 00:30:39,400 --> 00:30:42,840 Speaker 1: we don't have enough what we need to grow food 567 00:30:42,920 --> 00:30:45,480 Speaker 1: because now in the United States, farmers can't get a 568 00:30:45,560 --> 00:30:48,280 Speaker 1: tire for their tractor, they can't get parts for their 569 00:30:48,360 --> 00:30:51,120 Speaker 1: equipment to run, they can't get the fertilizer that they 570 00:30:51,160 --> 00:30:53,440 Speaker 1: need to plant the food, and then we start having 571 00:30:53,480 --> 00:30:58,720 Speaker 1: food problems. Now, when when when nations go back through history, 572 00:30:59,200 --> 00:31:03,400 Speaker 1: when nations go broke, what happens. It leads to war 573 00:31:03,600 --> 00:31:06,600 Speaker 1: every single time, a hundred percent of the time, it 574 00:31:06,720 --> 00:31:09,000 Speaker 1: leads to war. Oh what's happening right now? Oh, it 575 00:31:09,120 --> 00:31:13,480 Speaker 1: just happens to be at war, which is only exaggerating 576 00:31:13,520 --> 00:31:16,200 Speaker 1: the food problem that we had. Now you could say, oh, 577 00:31:16,280 --> 00:31:17,800 Speaker 1: but well it's because of supply chains you have, but 578 00:31:17,800 --> 00:31:20,239 Speaker 1: whit supply chains break down with the money. We're having war? 579 00:31:20,440 --> 00:31:22,960 Speaker 1: Why are we having war? Right? It all comes back 580 00:31:23,000 --> 00:31:26,280 Speaker 1: down and like these are the unintended consequences as she's 581 00:31:26,320 --> 00:31:29,120 Speaker 1: talking about. Now, let me tell you the impact of 582 00:31:29,200 --> 00:31:33,320 Speaker 1: this all right, per the U in the United Nations, 583 00:31:33,880 --> 00:31:38,920 Speaker 1: per the you, in forty seven million people in eighty 584 00:31:38,960 --> 00:31:43,520 Speaker 1: one countries will be added added to the already swelling 585 00:31:43,800 --> 00:31:49,680 Speaker 1: ranks of enduring, enduring acute hunger right now. Now, don't 586 00:31:49,760 --> 00:31:51,680 Speaker 1: don't don't, don't, don't say Mark, this is about those 587 00:31:51,840 --> 00:31:54,360 Speaker 1: this Russian Ukraine war. No. No. According to the UN, 588 00:31:54,600 --> 00:31:57,120 Speaker 1: on a recent report by the World Food Program, even 589 00:31:57,320 --> 00:32:01,760 Speaker 1: before the Russian invasion, the world was facing growing hunger, 590 00:32:01,880 --> 00:32:06,520 Speaker 1: with some two hundred and seventies six million people facing 591 00:32:06,640 --> 00:32:11,400 Speaker 1: acute hunger. Okay, now, this is it's driving up the 592 00:32:11,480 --> 00:32:14,280 Speaker 1: cost of global food prices at a time when supplies 593 00:32:14,360 --> 00:32:20,080 Speaker 1: were already perilously tight. This is leading to people starving 594 00:32:20,160 --> 00:32:23,680 Speaker 1: to death. These are the undintended consequences. On the u 595 00:32:23,840 --> 00:32:28,880 Speaker 1: N website, this says that we're losing twenty five thousand 596 00:32:29,080 --> 00:32:32,800 Speaker 1: people to hunger every single day. This is I'm reading 597 00:32:32,880 --> 00:32:36,680 Speaker 1: directly after the UN website. Twenty five thousand people are 598 00:32:36,760 --> 00:32:39,760 Speaker 1: dying from hunger every single day. These are the unintended 599 00:32:39,800 --> 00:32:42,560 Speaker 1: consequences of them printing all this money because they're acting 600 00:32:42,560 --> 00:32:44,000 Speaker 1: like a bunch of eight year olds that's her words, 601 00:32:44,040 --> 00:32:46,520 Speaker 1: not mine, and not thinking about it. We knew that 602 00:32:46,600 --> 00:32:48,200 Speaker 1: it was going to be too much money chasing too 603 00:32:48,280 --> 00:32:50,160 Speaker 1: few goods. We didn't think through the consequences. Well, that's 604 00:32:50,160 --> 00:32:53,600 Speaker 1: the consequences. Now people in the United States probably won't 605 00:32:53,600 --> 00:32:55,080 Speaker 1: be dying of hunger. We have plenty of food the 606 00:32:55,120 --> 00:32:58,320 Speaker 1: United States, but other countries don't. Now, this leads to 607 00:32:58,480 --> 00:33:01,200 Speaker 1: massive problems. Though we had the Arab Spring. The Arab 608 00:33:01,280 --> 00:33:03,320 Speaker 1: Spring was, you know, one of the largest revolutions in 609 00:33:03,400 --> 00:33:05,800 Speaker 1: recent history in the Middle East. And what was it 610 00:33:05,880 --> 00:33:07,880 Speaker 1: caused by? Oh, yeah, people not be able to eat. 611 00:33:08,320 --> 00:33:10,640 Speaker 1: People can, people can endure a lot of pain. But 612 00:33:10,760 --> 00:33:13,320 Speaker 1: when you can't eat, it's called nine meals. To anarchy, 613 00:33:13,320 --> 00:33:15,880 Speaker 1: you go without nine meals and it's on, right, it's on. 614 00:33:16,640 --> 00:33:19,880 Speaker 1: Nine meals has three days. I would argue, it's less 615 00:33:19,920 --> 00:33:21,800 Speaker 1: for my kids. You know, if your kids aren't eating, 616 00:33:22,120 --> 00:33:24,120 Speaker 1: probably give them two or three meals and then it's on. 617 00:33:26,360 --> 00:33:28,720 Speaker 1: That's the consequences that they didn't think through. Um. And 618 00:33:28,800 --> 00:33:30,120 Speaker 1: like I said in the US, it's it's probably not 619 00:33:30,120 --> 00:33:31,520 Speaker 1: as bad. We're not gonna start to death, but your 620 00:33:31,560 --> 00:33:33,520 Speaker 1: quality of life is going down. So, for example, this 621 00:33:33,640 --> 00:33:35,400 Speaker 1: eight point five percent inflation that they came out with 622 00:33:35,480 --> 00:33:37,360 Speaker 1: last month, which is completely false, it's a complete lie. 623 00:33:37,400 --> 00:33:39,840 Speaker 1: It's about but let's just call it eight percent. Eight 624 00:33:39,840 --> 00:33:41,760 Speaker 1: and alf percent. That's the number they gave us. I'm 625 00:33:41,800 --> 00:33:43,440 Speaker 1: not gonna go into all the way it's wrong. I 626 00:33:43,480 --> 00:33:45,360 Speaker 1: think I've already covered that, but let's just take the 627 00:33:45,440 --> 00:33:47,080 Speaker 1: number they gave us, eight and a half percent. That 628 00:33:47,280 --> 00:33:53,080 Speaker 1: means that you in the United States, um have, it 629 00:33:53,400 --> 00:33:57,840 Speaker 1: costs you three d and twenty seven dollars more for 630 00:33:58,000 --> 00:34:00,240 Speaker 1: you to have the same quality of lie. If that 631 00:34:00,360 --> 00:34:04,240 Speaker 1: it costs you the month before that three more, now, 632 00:34:04,400 --> 00:34:06,920 Speaker 1: let's let's let's let's add that number up. That means 633 00:34:06,960 --> 00:34:09,320 Speaker 1: if you made thirty two dollars an hour, which I 634 00:34:09,360 --> 00:34:10,680 Speaker 1: don't know if you make more or less than that, 635 00:34:10,719 --> 00:34:12,439 Speaker 1: but let's just say that you make thirty two dollars 636 00:34:12,440 --> 00:34:15,960 Speaker 1: an hour, you have to work an extra ten hours 637 00:34:17,360 --> 00:34:19,600 Speaker 1: just to keep the same quality of life that you 638 00:34:19,719 --> 00:34:22,400 Speaker 1: had the month before, an extra ten hours. Now, if 639 00:34:22,440 --> 00:34:25,600 Speaker 1: you make fifteen dollars an hour, you have to work 640 00:34:25,640 --> 00:34:30,080 Speaker 1: an extra twenty hours. Twenty hours of your life has 641 00:34:30,200 --> 00:34:33,879 Speaker 1: been stolen from you because they didn't bother to think 642 00:34:33,960 --> 00:34:38,560 Speaker 1: through the consequences of their actions. Twenty hours of your 643 00:34:38,640 --> 00:34:40,520 Speaker 1: life is stolen from twenty hours that you could spend 644 00:34:40,600 --> 00:34:43,120 Speaker 1: with your kids. You know, kids need parents. Maybe you 645 00:34:43,120 --> 00:34:45,120 Speaker 1: could build a relationship with your kids. Maybe you could 646 00:34:45,120 --> 00:34:47,920 Speaker 1: spend with your wife or your or your spouse so 647 00:34:48,040 --> 00:34:51,600 Speaker 1: you don't end up in um divorce. Maybe you could 648 00:34:51,640 --> 00:34:54,160 Speaker 1: spend that time in the gym so you don't get 649 00:34:54,239 --> 00:34:56,960 Speaker 1: out of shape and get and get sick. Maybe you 650 00:34:57,000 --> 00:35:00,440 Speaker 1: could spend that time um building into your own education 651 00:35:00,520 --> 00:35:02,759 Speaker 1: to learn new skills so you could get more pay 652 00:35:02,880 --> 00:35:06,680 Speaker 1: to get yourself out of poverty. You could use those 653 00:35:06,719 --> 00:35:10,080 Speaker 1: twenty hours or ten hours anyway you wanted, but you 654 00:35:10,200 --> 00:35:13,279 Speaker 1: can't now because now you have to work that extra 655 00:35:13,360 --> 00:35:15,840 Speaker 1: time just to maintain that quality of life that you 656 00:35:15,920 --> 00:35:19,320 Speaker 1: had before. So they're stealing your life. It's which is 657 00:35:19,400 --> 00:35:24,120 Speaker 1: causing society to break down. Now you could not work 658 00:35:24,160 --> 00:35:26,160 Speaker 1: those extra hours and that's fine, and then you just 659 00:35:26,239 --> 00:35:28,440 Speaker 1: have to fall further buying. Your quality of life has 660 00:35:28,480 --> 00:35:30,280 Speaker 1: to go down. So now you don't take a family 661 00:35:30,360 --> 00:35:33,480 Speaker 1: vacation anymore. Um, now you'd never go out to eat anymore, 662 00:35:33,920 --> 00:35:36,160 Speaker 1: you know. Now you sell your nicer car and you 663 00:35:36,400 --> 00:35:38,839 Speaker 1: ride the bus, or you move to a smaller house, 664 00:35:39,080 --> 00:35:42,319 Speaker 1: or whatever it may be. That's the consequences of their 665 00:35:42,320 --> 00:35:44,440 Speaker 1: action that they didn't think through because they're like a 666 00:35:44,480 --> 00:35:47,239 Speaker 1: bunch of eight year olds in their own opinion. Now, 667 00:35:47,280 --> 00:35:51,680 Speaker 1: the point I make is that this is ridiculous. Nobody 668 00:35:51,719 --> 00:35:54,040 Speaker 1: should have the power to make any type of decision 669 00:35:54,120 --> 00:35:57,640 Speaker 1: like that that would impact eight billion people. And that's 670 00:35:57,640 --> 00:35:59,440 Speaker 1: why we take the money out of the hands of 671 00:35:59,480 --> 00:36:02,040 Speaker 1: the government nobody, not take it from them and give 672 00:36:02,080 --> 00:36:03,400 Speaker 1: it to a new set of people. We take it 673 00:36:03,520 --> 00:36:06,000 Speaker 1: from them and give it to nobody in the system 674 00:36:06,040 --> 00:36:09,680 Speaker 1: that nobody can controls. And that's what Big Win represents. 675 00:36:09,840 --> 00:36:12,480 Speaker 1: That is what we're witnessing. We're witnessing the world breaking down. 676 00:36:12,600 --> 00:36:15,560 Speaker 1: It's falling on its own, it's already crumbling. But it's 677 00:36:15,560 --> 00:36:17,799 Speaker 1: okay because we have another system that's being set up 678 00:36:18,719 --> 00:36:20,080 Speaker 1: that we can move to you right now, we can 679 00:36:20,160 --> 00:36:21,800 Speaker 1: take our money out and put it over there and 680 00:36:21,920 --> 00:36:25,239 Speaker 1: not be affected. They can't print more of it like 681 00:36:25,360 --> 00:36:28,680 Speaker 1: they dis died with the dollars, and that is what 682 00:36:28,880 --> 00:36:31,520 Speaker 1: can save us from this. It already is, it's already 683 00:36:31,560 --> 00:36:33,799 Speaker 1: saving us from that. But what do you think I'd 684 00:36:33,840 --> 00:36:35,759 Speaker 1: love to hear from You? Hit me up on social media. 685 00:36:35,760 --> 00:36:38,200 Speaker 1: You hit me up on Twitter at one Mark Moss, 686 00:36:38,280 --> 00:36:40,359 Speaker 1: at one Mark Boster, on Instagram at one of Mark Moster, 687 00:36:40,440 --> 00:36:42,560 Speaker 1: hit me up on my website, send a message one 688 00:36:42,640 --> 00:36:44,840 Speaker 1: Mark Moss dot com. I'd love to hear what you 689 00:36:44,960 --> 00:36:48,160 Speaker 1: think about that. Even if you think I'm crazy, you 690 00:36:48,200 --> 00:36:50,879 Speaker 1: can tell me that's okay. I got thick skin, um. 691 00:36:50,960 --> 00:36:52,920 Speaker 1: But anyway, you listen to the Mark Mos Show. We're 692 00:36:52,920 --> 00:36:55,560 Speaker 1: talking about the intersection of politics, finance, technology. We're talking 693 00:36:55,560 --> 00:36:58,279 Speaker 1: about the decentralized revolution is changing the world as we speak, 694 00:36:59,400 --> 00:37:02,239 Speaker 1: representing hope for the future, for my future, and my 695 00:37:02,320 --> 00:37:04,920 Speaker 1: kids and my grandkids future and for years too. And 696 00:37:05,040 --> 00:37:08,160 Speaker 1: that's what I got for you today. Thanks so much 697 00:37:08,200 --> 00:37:08,560 Speaker 1: for listening.