Speaker 1: Hey, welcome to another episode of The Mark Mass Show
Speaker 1: where we talk about bitcoin and cryptocurrencies, the decentralized revolution
Speaker 1: that is happening around the world. And I'm trying to
Speaker 1: come at you each and every week, really digging in
Speaker 1: and bringing to you the intersection the converging of politics, finance,
Speaker 1: and technology. I know there's a lot of people out
Speaker 1: there talking about politics, a lot of people out there
Speaker 1: talking about finance, but nobody's talking about all three of
Speaker 1: them coming together. And how when you put this all
Speaker 1: into context, you see things a lot more clear. Uh.
Speaker 1: It also helps you understand not only what's going on,
Speaker 1: but where things are going on, what you should be
Speaker 1: doing about it. You can't talk about politics without understanding
Speaker 1: other things, because of course politics drives economics, but of
Speaker 1: course economics also drives politics. But even more importantly, it's
Speaker 1: technology that throughout history, thousands of years of history, it's
Speaker 1: always technology that changes the world more than anything. And
Speaker 1: so politics influences the economics and back and forth. But
Speaker 1: then it's a technology that's really the bigger piece. And
Speaker 1: so we look at all three of those things in context.
Speaker 1: And I say that because we're gonna talk about some
Speaker 1: of the economy stuff. But then we're gonna it's gonna
Speaker 1: lead us into some of the politics behind what's driving this.
Speaker 1: And then we'll talk about how the technology is going
Speaker 1: to change all this and not just change it, but
Speaker 1: fix it. And if you understand that, if you understand
Speaker 1: all three of these in context, it's gonna tell you
Speaker 1: exactly what you should be doing to position yourself on
Speaker 1: the right side so you can take advantage of this situation.
Speaker 1: I don't want to say that taking advantage in a
Speaker 1: bad way. You can be positioned to um, come out
Speaker 1: ahead front, run this, profit from this, whatever you want
Speaker 1: to call it, which will be much better to be
Speaker 1: able to deal with this type of stuff when you
Speaker 1: understand it. And so um, we're talking about those three,
Speaker 1: the three converging and we'll start with the money side
Speaker 1: of the economy side, which of course drives everything else.
Speaker 1: And so big news this week, really big news this
Speaker 1: week was that the g d P, the gross domestic
Speaker 1: product number of the United States, the largest economy in
Speaker 1: the world, was released this week and it was very disappointing,
Speaker 1: to say the least. Now, it shouldn't be a big
Speaker 1: surprise to anybody, um, except for the you know experts,
Speaker 1: because the experts apparently live in a different world than
Speaker 1: we all do, and they were expecting much better numbers.
Speaker 1: But of course that's not what we had. And of course,
Speaker 1: like I said, it's not a surprise, shouldn't be a
Speaker 1: big surprise to mer you, UM that the economy shrink,
Speaker 1: the economy shrink, UM, the g d P, the US
Speaker 1: GDP gross domestic product falls one point four percent as
Speaker 1: the economy shrinks for the first time since the pandemic started. Now,
Speaker 1: the gross domestic product basically that takes into account all
Speaker 1: of the products made in the United States, adds them
Speaker 1: all up into a into a total number, and that's
Speaker 1: how they measure the the the output of the economy
Speaker 1: based off of how big that number is. And like
Speaker 1: I said, it shouldn't come as any big surprise because
Speaker 1: prices have been going absolutely through the roof. UM. We
Speaker 1: talked about in an earlier show. Maybe a couple of
Speaker 1: weeks ago, the new cp I, the Consumer Price Index
Speaker 1: number came out eight point five cent, breaking records. We
Speaker 1: haven't seen that number for forty forty two years. I
Speaker 1: think it was since the early eighties. UM. The significance
Speaker 1: of that, of course, is back in the early eighties
Speaker 1: is when we were at the highest point of inflation
Speaker 1: as well, and UH and then President Ronald Reagan and
Speaker 1: and then then Fed chaired H. Paul Volker had to
Speaker 1: make emergency action and they had to raise interest rates,
Speaker 1: the FED funds rate too over twenty percent to solve
Speaker 1: that problem. And here we are today back at that number. UM.
Speaker 1: Of course, we're nowhere near UM. We're still in the
Speaker 1: single digits, but rapidly rising. And if they really want
Speaker 1: to get a handle on inflation like they did back then,
Speaker 1: they're gonna have to go back to about But imagine
Speaker 1: what happens to the world if that happens. What do
Speaker 1: you think happens to real estate? If mortgages were you know,
Speaker 1: back to if you guess they would crash, you you
Speaker 1: are right. But that's where we're at. So anyway, back
Speaker 1: to where we're at. So the inflation is running hot,
Speaker 1: what does that mean? That means the cost of gasoline
Speaker 1: is now twice as much to fill up my truck
Speaker 1: with gas. That something I'm not super happy about, cost
Speaker 1: me twice as much to go to dinner. My airline
Speaker 1: tickets have gotten more expensive, everything's gotten more expensive, and
Speaker 1: so when things get more expensive, guess what happens. People
Speaker 1: have to cut back. People don't spend as much money
Speaker 1: because the problem is is that your income isn't going
Speaker 1: up as fast as the costs of goods and services,
Speaker 1: and so you have to buy less. You prioritize the
Speaker 1: stuff that you need and buy less of the stuff
Speaker 1: that you want. UM. And so, of course, I guess
Speaker 1: not an not a big surprise, but UM, it says
Speaker 1: here the U S economy is shrink, you know, shrink
Speaker 1: in the first quarter. And just like the consumer Price
Speaker 1: Index I call it the c P I, what they
Speaker 1: called the z P I, I called the cp LIE
Speaker 1: because that number is so manipulated that it's notically not
Speaker 1: actually true. This g g d P number is actually
Speaker 1: very very manipulated as well. I'm gonna explain how that's
Speaker 1: manipulated in a minute, UM, and we'll dig into some
Speaker 1: of the details on that. But what we can see
Speaker 1: here is that um, like I said, the decline in
Speaker 1: the US grows tomistic product at one point four percent
Speaker 1: annual rate marked a sharp reversal from a six point
Speaker 1: nine percent annual growth rate in the fourth quarter of
Speaker 1: last year. So we went from growing from about seven
Speaker 1: percent to now shrinking at about a percent and a half.
Speaker 1: That's a big deal. It's a real big deal. Now,
Speaker 1: we've talked about other things in the in the finance side,
Speaker 1: the economic side of things, and so for example, in
Speaker 1: the previous weeks, we would talking about this yield curve inversion,
Speaker 1: and so the the amount of money that you can
Speaker 1: make if you loan money to the government by buying bonds.
Speaker 1: The short term rates have been going up by the
Speaker 1: while the long term rates have been going down, and
Speaker 1: so the yield curve is flattening and is inverting. A
Speaker 1: lot of the yield curve actually went upside down, meaning
Speaker 1: it's more expensive in the long run than it is
Speaker 1: and I'm sorry, more expensive in the short run, that
Speaker 1: is in the long run. And so whenever it flips,
Speaker 1: r inverts like that every time in history it's led
Speaker 1: to a recession. So that indicator, that's why people talk
Speaker 1: about that all the time, this yield curve, when it inverts,
Speaker 1: it tells us there's a recession coming. And guess what
Speaker 1: it inverted. And now the economy went from growing a
Speaker 1: seven to shrinking by one five percent. Sounds like a recession,
Speaker 1: doesn't it. Um. And that's exactly where we're at. And uh,
Speaker 1: you know, there's no shortage of excuses, there's no shortage
Speaker 1: of you know, people trying to explain this a way.
Speaker 1: As a matter of fact, Um, Bloomberg said that the
Speaker 1: GDP likely to show quote misleading end quote us weakness. Um. So, uh,
Speaker 1: don't don't trust the facts, don't trust the don't trust math.
Speaker 1: It's misleading. It's not it's not true. It's like these
Speaker 1: people telling you in the school system that math is racist.
Speaker 1: Somehow math is just math, it's just fact, it's just
Speaker 1: what it is. But somehow Bloomberg tells us that it's misleading. Um.
Speaker 1: And they're saying that, you know, it's misleading because you
Speaker 1: know prices went up by a lot. Well yeah, no kidding,
Speaker 1: that's exactly what causes the recession. If they could have
Speaker 1: kept inflation under control, we wouldn't be here where we
Speaker 1: are now. And that kind of goes back to this
Speaker 1: kind of conversation that I've had, which is that you
Speaker 1: know this inflation number is is uh, is so misleading
Speaker 1: overall and it doesn't really state the damage that's done
Speaker 1: to this But you know, in this In this Bloomberg article,
Speaker 1: they talked about it being misleading and they said that,
Speaker 1: you know, the consumers are quote they're spending with a
Speaker 1: little a little bit more discretion than they were, say,
Speaker 1: six months ago. Uh yeah, no kidding. When when prices
Speaker 1: keep going up at that rate, people by less as
Speaker 1: I've already made the case. Now, you know, the government
Speaker 1: keeps telling and said, oh no, we're going to get
Speaker 1: inflation under control, don't worry. But I do want to
Speaker 1: just make a point that prices went up by eight
Speaker 1: point five. Even if they bring inflation back down to zero,
Speaker 1: that doesn't mean prices go back down to where they were.
Speaker 1: What that means is that they stop going up now.
Speaker 1: Like I said, I want to talk about this GDP
Speaker 1: number and specifically I want to talk about how it's manipulated.
Speaker 1: Then I want to talk about the cause of all
Speaker 1: of this, and I want to I want to talk
Speaker 1: about exactly what the i m F, the International Monetary
Speaker 1: Funds said with the head of the ECB, Europeans Bank,
Speaker 1: and the head of the US Central Bank as well
Speaker 1: the Federal Reserve. I'm gonna play some clips that's going
Speaker 1: to blow your mind. And then I'm going to talk about, um,
Speaker 1: what this really means, the impact, And of course then
Speaker 1: we'll talk about the new technology, um, the new trend
Speaker 1: that's coming to fix all of this. And I'm gonna
Speaker 1: show you some exact uh instances that we can see
Speaker 1: that demonstrates that, UM, all that. When I come back,
Speaker 1: you're listening to the Mark Moa Show talking about the
Speaker 1: intersection of politics, finance, and technology. Of course we're talking
Speaker 1: about bitcoin and the decentralized revolution that's happening so much more.
Speaker 1: When I come back. Don't go away, I'll be right back,
Speaker 1: all right, Welcome back. You're listening to the Mark Moa Show.
Speaker 1: We're talking about the decentralized revolution that is changing the
Speaker 1: world that we're living in. We're witnessing all of this
Speaker 1: in real time, and I'm just here on the sidelines
Speaker 1: commentating for you, giving you the play by play, so
Speaker 1: it brings it into context, you understand what's going on.
Speaker 1: Of course, we're talking about the intersection of politics, finance,
Speaker 1: and technology. We'll talk about all three of those areas
Speaker 1: and specifically bringing into context, of course, how they come together.
Speaker 1: And we were talking about for the break, the latest
Speaker 1: gross domestic product, the GDP numbers just came out from
Speaker 1: the US government and it was very disappointing for them,
Speaker 1: somewhat expected from me. And it doesn't take a rocket
Speaker 1: scientist to figure that out. I'm sure it was probably
Speaker 1: something that you might have expected. Like what happens when
Speaker 1: prices go up so fast that people can't afford to
Speaker 1: buy things anymore, Well, they buy less, which it means
Speaker 1: GDP growth goes down. Wow, you're smarter than these PhD
Speaker 1: in economics because they couldn't figure that out. Amazing right, Um,
Speaker 1: And so you know, they give us lots of reasons.
Speaker 1: They say, like I said, the consumer spending has gone down. Um,
Speaker 1: of course it has because prices have gone up. They
Speaker 1: said that wages, the wages are going up. They say,
Speaker 1: I don't know how much. I don't know how much
Speaker 1: of a pay raise you've received in the last year,
Speaker 1: but they say they're going up. However, they're not keeping
Speaker 1: up with inflation, meaning prices are going up way more
Speaker 1: than your rate of pay is going up. So the
Speaker 1: price of gasoline has about doubled. Has your income doubled? Well? No, uh,
Speaker 1: Homes across the United States have average gone they've gone
Speaker 1: up about thirty five has your pay gone up by no? Uh,
Speaker 1: the average rental increases UM gone up. I think some
Speaker 1: states have seen more than sixt going up in rents.
Speaker 1: Some some local areas have gone up more than has
Speaker 1: your pay gone up that much? And of course the
Speaker 1: answer is no. I say that rhetorical of course. Um.
Speaker 1: And so even if they say, even if we take
Speaker 1: out some of the gas price increases, which, of course,
Speaker 1: like I said, gas went up really high, we're still
Speaker 1: facing an issue of our incomes not keeping up with
Speaker 1: the pace of consumption, and something is going to have
Speaker 1: to give, said Stephen Gallagher, US chief economist at Societal General.
Speaker 1: So I guess he kind of gets it. Something has
Speaker 1: to give. Yeah, that means we're buying less things, and
Speaker 1: so they're trying to kind of make these excuses, try
Speaker 1: had a reason away. That's what these economists do. Really,
Speaker 1: if you think about it, these the the the experts,
Speaker 1: trust the experts, the experts. The economists are there to
Speaker 1: try to convince us what the government is doing and
Speaker 1: that what the government is doing is right and good,
Speaker 1: and they try to come up with these very elaborate
Speaker 1: answers that you know, we don't understand because we're just
Speaker 1: not near as smart as they are, right, Um, And
Speaker 1: so they give us these elaborate answers trying to explain
Speaker 1: this away. But let me make it a little bit
Speaker 1: more simple for you now, UM, if we if we
Speaker 1: break down the world of economics. And I know this
Speaker 1: a little bit boring, I'm trying to make an interesting
Speaker 1: for you. But UM, we kind of have two camps,
Speaker 1: if you will, and you won't really hear about these
Speaker 1: two camps mostly but mainly everybody's in this Kinsian camp. Um.
Speaker 1: John Maynard Keynes came out with this um kind of
Speaker 1: form of economics about a hundred years ago when he
Speaker 1: helped write the current system that we have today, including
Speaker 1: the Breton Words monetary system, and basically under Kinsey and economics,
Speaker 1: they believe that the government should just print as much
Speaker 1: money as they need, and that if the government prints money,
Speaker 1: they can help us through these recessions. Um. I don't
Speaker 1: think that's correct, And obviously the proof is here, right,
Speaker 1: It's obviously not worked. Since those policies have been put
Speaker 1: into place a hundred years ago, we just continue to
Speaker 1: see bigger booms and boom booms and bus booms and
Speaker 1: bus booms and bus over and over and over um.
Speaker 1: And then the other camp would be like an Austrian
Speaker 1: school of economics, which believes in not creating money from
Speaker 1: thin air and not having a never ending series of
Speaker 1: booms and bust, which I don't know, it sounds better
Speaker 1: to me, unless maybe you like the booms and bust. Now,
Speaker 1: if you could perfectly time them, I suppose it could
Speaker 1: be an advantage, but unfortunately most people can't. Um. You're
Speaker 1: listening to the Markmas Show. By the way, we're talking
Speaker 1: about the decentralized revolution that the world is going through
Speaker 1: right now. Things are breaking apart and getting crazy because
Speaker 1: it's changing, and what's changing it is the technology. And
Speaker 1: so we talked about the intersection of politics, finance, and technology,
Speaker 1: looking at those three things in context. So if you're
Speaker 1: new to the Markmas Show, thanks for listening. Make sure
Speaker 1: to put this appointment to be with me each and
Speaker 1: every week on your calendar so you don't miss me.
Speaker 1: But we're talking about this this GDP print, and what's
Speaker 1: really happening is is uh, what what a lot of
Speaker 1: people would call stagflation. Stagflation is where you don't make
Speaker 1: more money, um, but things just keep getting more expensive
Speaker 1: and Uh, that's basically where we're at right, Um, that
Speaker 1: they're inflating the money supply, and when they do that,
Speaker 1: it's basically stealing because it steals your purchasing power. So
Speaker 1: what does that mean? If I had a hundred dollars
Speaker 1: in my bank account last year and I could buy
Speaker 1: I could fill Okay, so I could fill up my
Speaker 1: truck with gas for a hundred dollars last year. Now
Speaker 1: it's almost two hundred dollars. So that means a hundred
Speaker 1: dollars got me a full tank of gas last year.
Speaker 1: A hundred dollars gets me half a tank of gas
Speaker 1: this year. So they they literally stole my purchasing power.
Speaker 1: They literally stole fifty worth of gas from me? How
Speaker 1: do they do that by printing the money? All Right?
Speaker 1: The thing that differentiate differentiates stagflation from what they call
Speaker 1: regular inflation is, like I said, the price increases are
Speaker 1: more concentrated in things that people feel are making them
Speaker 1: poorer instead of making them believe falsely that they're becoming richer.
Speaker 1: But as the distinction between the asset prices asset prices
Speaker 1: which be stocks, real estate, things like that, and consumer prices,
Speaker 1: even they try to break those a part of these
Speaker 1: economist try and say, oh, but inflation is only an
Speaker 1: asset prices, not consumer prices. Well, if I'm a consumer
Speaker 1: and I buy a house, that's a consumer expense of
Speaker 1: how has done an asset? Right? Stocks and bonds are
Speaker 1: also an expense to me buying them, um, and consumer
Speaker 1: goods are assets to people selling them. So they try
Speaker 1: to break these apart to seem all academic and try
Speaker 1: to hide this fact um. But it's but it's it's
Speaker 1: kind of like this made up lie that's happening. And
Speaker 1: again this is all manipulated. So think about this. So
Speaker 1: this the GDP, the gross domestic product. Well, if if
Speaker 1: prices are inflating, and GDP measures all the goods and
Speaker 1: services that are sold, but inflation has pushed the price
Speaker 1: of those goods and services up, So wouldn't it make
Speaker 1: sense that g d P also goes up? Of course
Speaker 1: it would. Now for some of you guys that may
Speaker 1: be a little bit smarter than you might go, well,
Speaker 1: but Mark, you're not being totally truthful, because isn't there
Speaker 1: such a thing as a g DP deflator that actually
Speaker 1: takes into account this inflation? And the answer is yes,
Speaker 1: there is that, and so they try to say, well,
Speaker 1: we take this into account, But how do they take
Speaker 1: it into into account when the c p I number,
Speaker 1: the measure of inflation they give us is all fake.
Speaker 1: So you've given us a fake number, trying to adjust
Speaker 1: it with another fake number, which ends up with a
Speaker 1: fake number. All right, Um, it doesn't work like that.
Speaker 1: It's it's completely manipulated. But UM, I want to tell
Speaker 1: you the real cause of this. And I'm not going
Speaker 1: to just tell you from me. I'm gonna I'm gonna
Speaker 1: let you hear clips directly from the head of the
Speaker 1: Fellow Reserve, the head of the I m F International
Speaker 1: Entary Fund in a conversation they had laughing about this.
Speaker 1: I'm gonna play you a clip of that and when
Speaker 1: I get back, and then I'm gonna tell you about
Speaker 1: the consequences of all this and what this really means
Speaker 1: to you, and then of course how you can protect
Speaker 1: yourself and how we fix this, how we fix the world.
Speaker 1: We got a lot to cover. Um, and I can't
Speaker 1: believe these clips. Oh my gosh, I can't believe they're
Speaker 1: saying this out loud. Typically what we hear is, you know,
Speaker 1: these leaders make up excuses the gas lightest of what
Speaker 1: you're seeing is not really what you're seeing or um,
Speaker 1: imagine how much it would have worse, it would have been,
Speaker 1: or it would have worked and if it wasn't for this,
Speaker 1: But nope, here they are just in many in it
Speaker 1: right out of their mouth. Shocking that they would do that.
Speaker 1: By the way, you're listening to the Mark Moa show
Speaker 1: talking about this decentralized revolution that's changing the world as
Speaker 1: we know, talking about the intersection of politics, finance, and technology.
Speaker 1: I'm gonna have some clips from some of these monetary
Speaker 1: leaders when we get back. That's gonna be shocking. So
Speaker 1: don't go away, all right, welcome back. You are listening
Speaker 1: to the markma show. We're talking about we're talking about
Speaker 1: the world. We're talking about the world being shaken up
Speaker 1: and changing right before our very eyes. And um, unless
Speaker 1: you've been living under a rock, um, you probably realize
Speaker 1: that the world is pretty dang crazy right now. There's
Speaker 1: a lot of things going on. And why is there
Speaker 1: so much going on? Vladimir Lenin said that there's there's
Speaker 1: decades where nothing seems to happen, and then there's days
Speaker 1: where decades seem to happen. And that's kind of where
Speaker 1: we're at right now. I think you would agree. Right
Speaker 1: every day it's like, oh my gosh, I can't believe
Speaker 1: how much is changing and why Why is that? Well,
Speaker 1: that's because we're in the middle of this revolution. The
Speaker 1: world is changing and it's driven by the converging of
Speaker 1: three things three cycles, politics, finance, and technology. So I'm
Speaker 1: here trying to give you the play by play on
Speaker 1: that each end every week. Hopefully that makes sense now.
Speaker 1: I was talking about before the break about the new
Speaker 1: numbers that came out this week from the government US
Speaker 1: g d P gross domestic product number was very disappointing
Speaker 1: to them, to say the least. We went from growing
Speaker 1: in almost seven percent um to growing um out about
Speaker 1: one percent I'm sorry, going slowing down by one percent,
Speaker 1: a drastic change. They were surprised, of course. I wasn't.
Speaker 1: What happens when prices go up, Um, people buy less.
Speaker 1: It's not rocket science. I think on elementary kid. I
Speaker 1: could probably ask my daughter, who was on the radio
Speaker 1: a couple of weeks ago, Uh, hopefully you enjoyed that.
Speaker 1: I thought that was pretty fun. She didn't really like it,
Speaker 1: but anyway, um, she could probably even tell you that question.
Speaker 1: What happens when prices go up on everything and people
Speaker 1: don't make any more money? She would say, well they
Speaker 1: buy a less duh. But they were, they were surprised.
Speaker 1: But um, what is the real cause of this? And
Speaker 1: that's the piece that I want to get into now. Now, UM,
Speaker 1: the money is controlled by central bankers, and the big
Speaker 1: central banks are in the In the United States, we
Speaker 1: have the Federal Reserve UH. In Europe, the euro runs
Speaker 1: off the European Central Bank UM. And then we have
Speaker 1: the one above that. It's kind of the central bank
Speaker 1: above central banks, which is the i m F, the
Speaker 1: International Monetary Fund, and the three of those people, so
Speaker 1: Chrystalina Georgina, she runs the i m F. We have
Speaker 1: Jerome Powell from the U s Phedo Reserve, and then
Speaker 1: we have Christine the Guard from the ECB European Central Bank.
Speaker 1: They all got together and they had a conversation UM
Speaker 1: on CNBC. Now, like I said, well, usually we just
Speaker 1: get lies, we get lies, we get obfuscation, They spin
Speaker 1: the story whatever right to make us believe that what
Speaker 1: we're seeing is not what we're seeing. Um, I can't
Speaker 1: really think of any of I can't think of any
Speaker 1: of them that actually give us the truth, except typically
Speaker 1: when they get out of office, then they start being
Speaker 1: much more Honestum. But but in this in this conversation,
Speaker 1: they're laughing, and uh, I am a director. Christina George
Speaker 1: Delna said some things that were completely shocking, and they're
Speaker 1: so shocking that I don't want to say them. I'm
Speaker 1: gonna actually have you hear them directly from her mouth.
Speaker 1: So let's quite and just play this first clip so
Speaker 1: you can hear what she has to say. I think
Speaker 1: we are not paying sufficient attention to the law of
Speaker 1: unintended consequences. We take decisions with an objective in mind
Speaker 1: and really think true what may happen that is not
Speaker 1: our objective? Uh, and then we wrestle uh with the
Speaker 1: with the impact of it. M hmm. Did she just
Speaker 1: say that? She said that we're not paying attention to
Speaker 1: the unintended consequences of our actions. She said, quote, we
Speaker 1: rarely think through rarely that's her word. We rarely think
Speaker 1: through what may happen, and then we wrestle with the
Speaker 1: impact of it. Wait wait wait wait wait wait did
Speaker 1: she said she said that we rarely think through what
Speaker 1: may happen? M hmm. Well again, my daughter who had
Speaker 1: on the radio and she's in uh in middle school,
Speaker 1: she can tell you what would happen. Um, it's just insane.
Speaker 1: As a matter of fact, Christina and Georgian comes back
Speaker 1: and tells us, let's go ahead and play clip number
Speaker 1: two and listen to this part. Any decision that is
Speaker 1: a massive decision, like the decision that we need to
Speaker 1: spend to support the economy. You know, at that time
Speaker 1: we did recognize that mainly to too much money in
Speaker 1: circulation to a few goods, but didn't really quite think
Speaker 1: through the sequence in a way that up front would
Speaker 1: have informed better what what we do. And I subscribe
Speaker 1: entirely what to what Christine said about climate shocks. Mm hmm.
Speaker 1: So she said that the massive decision like spending, they had,
Speaker 1: that they had this massive decision to spend to support
Speaker 1: the economy, but they didn't recognize that that maybe it
Speaker 1: would be too much money in circulation, and that that
Speaker 1: too much money in circulation would be chasing too few
Speaker 1: of goods. Now, what do you think happens? And I
Speaker 1: asked my daughter when she's on the radio, they I said,
Speaker 1: if there was if there was uh ten people that
Speaker 1: wanted to buy a house, but only one house. What
Speaker 1: do you think would happen, Well, she said, well the
Speaker 1: cost of that house will go up. Yes, what if
Speaker 1: there was ten houses for sale but only one buyer, Well,
Speaker 1: the cost of the house will go down. So too
Speaker 1: much money, too many buyers chasing too few goods, two
Speaker 1: little of homes. What do you think happens? The prices
Speaker 1: go up? Duh? My daughter answered this correctly. And here
Speaker 1: here's the head of the I m F saying we
Speaker 1: did recognize that there would be too much money chasing
Speaker 1: too few good So we did recognize that. But she says,
Speaker 1: to her own quote, we didn't think through the consequences. Wow,
Speaker 1: I mean this is economics one on one. Like I said,
Speaker 1: even my daughter got got this right the other day. Now,
Speaker 1: what are the consequences? What are the consequences? Well, the
Speaker 1: consequences are now prices are so high that people can't
Speaker 1: afford food in some countries. Um, I'm gonna I'm gonna
Speaker 1: dig more into that. Let's play one more clip here?
Speaker 1: Why and this I think this explains why they don't
Speaker 1: think through these I guess Let's go and play his
Speaker 1: third clip. A parent see what she has to say,
Speaker 1: we are already out of time, and the fact that
Speaker 1: whenever something hits us, we forget about this other crisis
Speaker 1: is in incredibly troubling. The fact that we are I'm sorry,
Speaker 1: I'm going on here, but I'll finish in a second.
Speaker 1: We act sometimes like eight years old playing soccer. Here's
Speaker 1: the ball. We are all at the ball, and we
Speaker 1: don't cover the rest of the field. Now, I have kids,
Speaker 1: and my kids played soccer when they grew up. And
Speaker 1: if you've watched eight year old kids playing soccer, all
Speaker 1: they do is just mobbed the ball and they just
Speaker 1: run around in a little circle. And as she said,
Speaker 1: we played like eight year olds. I'm playing soccer. We
Speaker 1: don't focus on the field. So to her point that
Speaker 1: she likened the leaders making the biggest decision that infects
Speaker 1: the entire world, affects eight billion people, and she said herself,
Speaker 1: they're like eight year olds, not focusing on the field.
Speaker 1: I mean, I just can't be can't be overstated these impacts.
Speaker 1: We'll kill millions of people, potentially billions of people. Not
Speaker 1: don't not not me. This is from the U n
Speaker 1: from starvation, these decisions that they made because they, in
Speaker 1: her own words, didn't think through the consequences. In her
Speaker 1: own words, we were like eight year olds will now
Speaker 1: lead to massive death and destruction. That's and they're laughing
Speaker 1: about it, like eight year olds? Now, how Mark? I oh,
Speaker 1: come on, Mark, you're being a little bit too overboard.
Speaker 1: I mean, okay, so they didn't think through and they
Speaker 1: printed the trillions of dollars, but I mean, come on,
Speaker 1: it's going to cause death and destruction. I think you're
Speaker 1: being a little dramatic. Really really am I As a
Speaker 1: matter of fact, I can prove it to you. Let
Speaker 1: me bring you some of these receipts, because I know
Speaker 1: it's a pretty big claim. So she says, we didn't
Speaker 1: think through the consequences, Well, what are the consequences? Then
Speaker 1: I can tell you. I talked about him every single week.
Speaker 1: Like I said, it's economics one oh one. So I'll
Speaker 1: break that down. I'm gonna down exactly how this impacts
Speaker 1: your life, and I have the math. I'm actually gonna
Speaker 1: give you the math of how it actually impacts your life.
Speaker 1: I don't think a lot of people in the United
Speaker 1: States will be dying, but unfortunately other parts of the
Speaker 1: world they will be um And then again, we'll go
Speaker 1: back and talk about, UM, how we have a new
Speaker 1: technology that's solved this now. Of course, if you listen
Speaker 1: to my show on a regular basis, you know that
Speaker 1: I'm talking about bitcoin. We're on the verge of a
Speaker 1: technological revolution, something that changes the course of humanity. You're
Speaker 1: listening to the Mark mos Show, and to be right
Speaker 1: back with more. Don't go away, all right, welcome back.
Speaker 1: You're listening to the Mark Moa Show. We're talking about
Speaker 1: this decentralized revolution that the world is going through, how
Speaker 1: it's shaking up and being changed and transformed right before
Speaker 1: our very eyes. And of course we talked about each
Speaker 1: and every week the the converging cycles of politics, finance
Speaker 1: and technology, and of course we've been talking about UM
Speaker 1: all of that. I mean mostly finance today, UM talking
Speaker 1: about the g d P numbers that came out from
Speaker 1: the US government this week that we're shocking to them,
Speaker 1: not so shocking to me. We went from growing at
Speaker 1: seven percent to shrinking at one percent UM. And of
Speaker 1: course that's all happening because of the money, because of
Speaker 1: the money supply. I played some clips, UM from the leaders,
Speaker 1: the people who actually run the money supply. Of course,
Speaker 1: I'm talking about Jerome Powell at the FED, UM, Christine
Speaker 1: and George Elina at the I m F, and Christine
Speaker 1: Legarth the ECB European Central Bank, and that they all
Speaker 1: sat together in a round table for CNBC and laughed
Speaker 1: about it. I played the clips at the last the
Speaker 1: last segment of Christine and Georgia from the I m
Speaker 1: F laughing saying we didn't pay enough to the unintended consequences.
Speaker 1: She said, in her own words, quote, we rarely think
Speaker 1: through rarely. So someone who has the power to impact
Speaker 1: eight billion people's lives saw something I would expect to
Speaker 1: hear them say that they rarely think through the impact. Um.
Speaker 1: She said, well, we we did recognize that it was
Speaker 1: going to be too much money and too few goods.
Speaker 1: We did, but we didn't think through the consequences of that.
Speaker 1: She said, we're like eight year olds. That's what's That's
Speaker 1: what she said. Let me let me just repeat that. Uh,
Speaker 1: we knew that are spending would be too much money
Speaker 1: chasing too few goods, but didn't think through the consequences.
Speaker 1: So let me tell you what the consequences are. All right,
Speaker 1: So when you print too much money, you have too
Speaker 1: much money chasing too a few goods. What does that do? Well,
Speaker 1: that pushes the price of goods up, all right, but
Speaker 1: it does more than that. When the price of everything
Speaker 1: goes up, then things start to break down. So you
Speaker 1: print a bunch of money, you pay people not to work. Well,
Speaker 1: then not as many people work, well, not as many
Speaker 1: people work. Then you know, as many people producing goods
Speaker 1: and services. So then you have less goods and services,
Speaker 1: but you still have more money. So then you have
Speaker 1: the price goes up even more, which then means more
Speaker 1: business go out of business, which means then you have
Speaker 1: less goods and services, which means the supply chaine start
Speaker 1: breaking down, and then there's not enough trucks to get
Speaker 1: the stuff off the boats and get it there, and
Speaker 1: then there's not enough ships running, and then on and
Speaker 1: on and on, so like, oh, yeah, well the prices
Speaker 1: are growing up because the supply chains breaking down. Yeah,
Speaker 1: but why are supply chains breaking down? They've always worked fine.
Speaker 1: Oh well they're going down because we have more goods
Speaker 1: being purchased than we had before. Well, why do we
Speaker 1: have more goods being purchased? Oh, because, as she said,
Speaker 1: we printed too much money. It's all about the money.
Speaker 1: That's the unintended consequences that she's talking about it. But
Speaker 1: it gets even worse than that. So we pay in
Speaker 1: the United States, we pay farmers not to plant food.
Speaker 1: I know, it's insane. Google it. It's insane. But it's
Speaker 1: happening all over the world. So what's happening all around
Speaker 1: the world is now these supply chains are breaking down.
Speaker 1: Supply chains are breaking down, and then guess what happens, Well,
Speaker 1: we don't have enough what we need to grow food
Speaker 1: because now in the United States, farmers can't get a
Speaker 1: tire for their tractor, they can't get parts for their
Speaker 1: equipment to run, they can't get the fertilizer that they
Speaker 1: need to plant the food, and then we start having
Speaker 1: food problems. Now, when when when nations go back through history,
Speaker 1: when nations go broke, what happens. It leads to war
Speaker 1: every single time, a hundred percent of the time, it
Speaker 1: leads to war. Oh what's happening right now? Oh, it
Speaker 1: just happens to be at war, which is only exaggerating
Speaker 1: the food problem that we had. Now you could say, oh,
Speaker 1: but well it's because of supply chains you have, but
Speaker 1: whit supply chains break down with the money. We're having war?
Speaker 1: Why are we having war? Right? It all comes back
Speaker 1: down and like these are the unintended consequences as she's
Speaker 1: talking about. Now, let me tell you the impact of
Speaker 1: this all right, per the U in the United Nations,
Speaker 1: per the you, in forty seven million people in eighty
Speaker 1: one countries will be added added to the already swelling
Speaker 1: ranks of enduring, enduring acute hunger right now. Now, don't
Speaker 1: don't don't, don't, don't say Mark, this is about those
Speaker 1: this Russian Ukraine war. No. No. According to the UN,
Speaker 1: on a recent report by the World Food Program, even
Speaker 1: before the Russian invasion, the world was facing growing hunger,
Speaker 1: with some two hundred and seventies six million people facing
Speaker 1: acute hunger. Okay, now, this is it's driving up the
Speaker 1: cost of global food prices at a time when supplies
Speaker 1: were already perilously tight. This is leading to people starving
Speaker 1: to death. These are the undintended consequences. On the u
Speaker 1: N website, this says that we're losing twenty five thousand
Speaker 1: people to hunger every single day. This is I'm reading
Speaker 1: directly after the UN website. Twenty five thousand people are
Speaker 1: dying from hunger every single day. These are the unintended
Speaker 1: consequences of them printing all this money because they're acting
Speaker 1: like a bunch of eight year olds that's her words,
Speaker 1: not mine, and not thinking about it. We knew that
Speaker 1: it was going to be too much money chasing too
Speaker 1: few goods. We didn't think through the consequences. Well, that's
Speaker 1: the consequences. Now people in the United States probably won't
Speaker 1: be dying of hunger. We have plenty of food the
Speaker 1: United States, but other countries don't. Now, this leads to
Speaker 1: massive problems. Though we had the Arab Spring. The Arab
Speaker 1: Spring was, you know, one of the largest revolutions in
Speaker 1: recent history in the Middle East. And what was it
Speaker 1: caused by? Oh, yeah, people not be able to eat.
Speaker 1: People can, people can endure a lot of pain. But
Speaker 1: when you can't eat, it's called nine meals. To anarchy,
Speaker 1: you go without nine meals and it's on, right, it's on.
Speaker 1: Nine meals has three days. I would argue, it's less
Speaker 1: for my kids. You know, if your kids aren't eating,
Speaker 1: probably give them two or three meals and then it's on.
Speaker 1: That's the consequences that they didn't think through. Um. And
Speaker 1: like I said in the US, it's it's probably not
Speaker 1: as bad. We're not gonna start to death, but your
Speaker 1: quality of life is going down. So, for example, this
Speaker 1: eight point five percent inflation that they came out with
Speaker 1: last month, which is completely false, it's a complete lie.
Speaker 1: It's about but let's just call it eight percent. Eight
Speaker 1: and alf percent. That's the number they gave us. I'm
Speaker 1: not gonna go into all the way it's wrong. I
Speaker 1: think I've already covered that, but let's just take the
Speaker 1: number they gave us, eight and a half percent. That
Speaker 1: means that you in the United States, um have, it
Speaker 1: costs you three d and twenty seven dollars more for
Speaker 1: you to have the same quality of lie. If that
Speaker 1: it costs you the month before that three more, now,
Speaker 1: let's let's let's let's add that number up. That means
Speaker 1: if you made thirty two dollars an hour, which I
Speaker 1: don't know if you make more or less than that,
Speaker 1: but let's just say that you make thirty two dollars
Speaker 1: an hour, you have to work an extra ten hours
Speaker 1: just to keep the same quality of life that you
Speaker 1: had the month before, an extra ten hours. Now, if
Speaker 1: you make fifteen dollars an hour, you have to work
Speaker 1: an extra twenty hours. Twenty hours of your life has
Speaker 1: been stolen from you because they didn't bother to think
Speaker 1: through the consequences of their actions. Twenty hours of your
Speaker 1: life is stolen from twenty hours that you could spend
Speaker 1: with your kids. You know, kids need parents. Maybe you
Speaker 1: could build a relationship with your kids. Maybe you could
Speaker 1: spend with your wife or your or your spouse so
Speaker 1: you don't end up in um divorce. Maybe you could
Speaker 1: spend that time in the gym so you don't get
Speaker 1: out of shape and get and get sick. Maybe you
Speaker 1: could spend that time um building into your own education
Speaker 1: to learn new skills so you could get more pay
Speaker 1: to get yourself out of poverty. You could use those
Speaker 1: twenty hours or ten hours anyway you wanted, but you
Speaker 1: can't now because now you have to work that extra
Speaker 1: time just to maintain that quality of life that you
Speaker 1: had before. So they're stealing your life. It's which is
Speaker 1: causing society to break down. Now you could not work
Speaker 1: those extra hours and that's fine, and then you just
Speaker 1: have to fall further buying. Your quality of life has
Speaker 1: to go down. So now you don't take a family
Speaker 1: vacation anymore. Um, now you'd never go out to eat anymore,
Speaker 1: you know. Now you sell your nicer car and you
Speaker 1: ride the bus, or you move to a smaller house,
Speaker 1: or whatever it may be. That's the consequences of their
Speaker 1: action that they didn't think through because they're like a
Speaker 1: bunch of eight year olds in their own opinion. Now,
Speaker 1: the point I make is that this is ridiculous. Nobody
Speaker 1: should have the power to make any type of decision
Speaker 1: like that that would impact eight billion people. And that's
Speaker 1: why we take the money out of the hands of
Speaker 1: the government nobody, not take it from them and give
Speaker 1: it to a new set of people. We take it
Speaker 1: from them and give it to nobody in the system
Speaker 1: that nobody can controls. And that's what Big Win represents.
Speaker 1: That is what we're witnessing. We're witnessing the world breaking down.
Speaker 1: It's falling on its own, it's already crumbling. But it's
Speaker 1: okay because we have another system that's being set up
Speaker 1: that we can move to you right now, we can
Speaker 1: take our money out and put it over there and
Speaker 1: not be affected. They can't print more of it like
Speaker 1: they dis died with the dollars, and that is what
Speaker 1: can save us from this. It already is, it's already
Speaker 1: saving us from that. But what do you think I'd
Speaker 1: love to hear from You? Hit me up on social media.
Speaker 1: You hit me up on Twitter at one Mark Moss,
Speaker 1: at one Mark Boster, on Instagram at one of Mark Moster,
Speaker 1: hit me up on my website, send a message one
Speaker 1: Mark Moss dot com. I'd love to hear what you
Speaker 1: think about that. Even if you think I'm crazy, you
Speaker 1: can tell me that's okay. I got thick skin, um.
Speaker 1: But anyway, you listen to the Mark Mos Show. We're
Speaker 1: talking about the intersection of politics, finance, technology. We're talking
Speaker 1: about the decentralized revolution is changing the world as we speak,
Speaker 1: representing hope for the future, for my future, and my
Speaker 1: kids and my grandkids future and for years too. And
Speaker 1: that's what I got for you today. Thanks so much
Speaker 1: for listening.