WEBVTT - The Mark Moss Show - The Shrinking Economy 0:00:00.040 --> 0:00:03.120 Hey, welcome to another episode of The Mark Mass Show 0:00:03.160 --> 0:00:08.520 where we talk about bitcoin and cryptocurrencies, the decentralized revolution 0:00:08.560 --> 0:00:11.239 that is happening around the world. And I'm trying to 0:00:11.320 --> 0:00:14.319 come at you each and every week, really digging in 0:00:14.360 --> 0:00:20.040 and bringing to you the intersection the converging of politics, finance, 0:00:20.440 --> 0:00:22.840 and technology. I know there's a lot of people out 0:00:22.840 --> 0:00:25.400 there talking about politics, a lot of people out there 0:00:25.400 --> 0:00:29.080 talking about finance, but nobody's talking about all three of 0:00:29.120 --> 0:00:33.360 them coming together. And how when you put this all 0:00:33.400 --> 0:00:36.279 into context, you see things a lot more clear. Uh. 0:00:36.320 --> 0:00:38.600 It also helps you understand not only what's going on, 0:00:38.640 --> 0:00:40.479 but where things are going on, what you should be 0:00:40.520 --> 0:00:45.000 doing about it. You can't talk about politics without understanding 0:00:45.040 --> 0:00:48.199 other things, because of course politics drives economics, but of 0:00:48.240 --> 0:00:52.520 course economics also drives politics. But even more importantly, it's 0:00:52.520 --> 0:00:56.120 technology that throughout history, thousands of years of history, it's 0:00:56.120 --> 0:00:59.280 always technology that changes the world more than anything. And 0:00:59.320 --> 0:01:03.560 so politics influences the economics and back and forth. But 0:01:03.600 --> 0:01:05.720 then it's a technology that's really the bigger piece. And 0:01:05.760 --> 0:01:08.960 so we look at all three of those things in context. 0:01:10.000 --> 0:01:12.399 And I say that because we're gonna talk about some 0:01:12.440 --> 0:01:15.000 of the economy stuff. But then we're gonna it's gonna 0:01:15.080 --> 0:01:18.039 lead us into some of the politics behind what's driving this. 0:01:18.920 --> 0:01:21.800 And then we'll talk about how the technology is going 0:01:21.840 --> 0:01:24.120 to change all this and not just change it, but 0:01:24.240 --> 0:01:28.400 fix it. And if you understand that, if you understand 0:01:28.440 --> 0:01:30.399 all three of these in context, it's gonna tell you 0:01:30.440 --> 0:01:32.560 exactly what you should be doing to position yourself on 0:01:32.600 --> 0:01:35.760 the right side so you can take advantage of this situation. 0:01:36.120 --> 0:01:38.000 I don't want to say that taking advantage in a 0:01:38.040 --> 0:01:41.000 bad way. You can be positioned to um, come out 0:01:41.040 --> 0:01:44.800 ahead front, run this, profit from this, whatever you want 0:01:44.800 --> 0:01:48.040 to call it, which will be much better to be 0:01:48.040 --> 0:01:49.960 able to deal with this type of stuff when you 0:01:50.040 --> 0:01:52.640 understand it. And so um, we're talking about those three, 0:01:52.720 --> 0:01:55.680 the three converging and we'll start with the money side 0:01:55.720 --> 0:01:58.840 of the economy side, which of course drives everything else. 0:01:58.880 --> 0:02:02.680 And so big news this week, really big news this 0:02:02.720 --> 0:02:06.120 week was that the g d P, the gross domestic 0:02:06.240 --> 0:02:10.480 product number of the United States, the largest economy in 0:02:10.520 --> 0:02:16.200 the world, was released this week and it was very disappointing, 0:02:16.240 --> 0:02:19.800 to say the least. Now, it shouldn't be a big 0:02:19.800 --> 0:02:23.400 surprise to anybody, um, except for the you know experts, 0:02:23.560 --> 0:02:26.639 because the experts apparently live in a different world than 0:02:26.680 --> 0:02:30.919 we all do, and they were expecting much better numbers. 0:02:31.320 --> 0:02:33.280 But of course that's not what we had. And of course, 0:02:33.320 --> 0:02:34.799 like I said, it's not a surprise, shouldn't be a 0:02:34.800 --> 0:02:38.000 big surprise to mer you, UM that the economy shrink, 0:02:38.400 --> 0:02:41.920 the economy shrink, UM, the g d P, the US 0:02:42.080 --> 0:02:46.240 GDP gross domestic product falls one point four percent as 0:02:46.280 --> 0:02:52.200 the economy shrinks for the first time since the pandemic started. Now, 0:02:52.240 --> 0:02:54.960 the gross domestic product basically that takes into account all 0:02:55.160 --> 0:02:58.040 of the products made in the United States, adds them 0:02:58.080 --> 0:03:02.079 all up into a into a total number, and that's 0:03:02.120 --> 0:03:04.760 how they measure the the the output of the economy 0:03:04.960 --> 0:03:09.040 based off of how big that number is. And like 0:03:09.120 --> 0:03:11.720 I said, it shouldn't come as any big surprise because 0:03:12.560 --> 0:03:15.959 prices have been going absolutely through the roof. UM. We 0:03:16.080 --> 0:03:18.040 talked about in an earlier show. Maybe a couple of 0:03:18.080 --> 0:03:21.040 weeks ago, the new cp I, the Consumer Price Index 0:03:21.120 --> 0:03:25.440 number came out eight point five cent, breaking records. We 0:03:25.480 --> 0:03:28.200 haven't seen that number for forty forty two years. I 0:03:28.240 --> 0:03:30.840 think it was since the early eighties. UM. The significance 0:03:30.880 --> 0:03:33.160 of that, of course, is back in the early eighties 0:03:33.240 --> 0:03:35.280 is when we were at the highest point of inflation 0:03:35.360 --> 0:03:39.280 as well, and UH and then President Ronald Reagan and 0:03:39.440 --> 0:03:43.120 and then then Fed chaired H. Paul Volker had to 0:03:43.200 --> 0:03:46.520 make emergency action and they had to raise interest rates, 0:03:46.560 --> 0:03:52.040 the FED funds rate too over twenty percent to solve 0:03:52.120 --> 0:03:55.240 that problem. And here we are today back at that number. UM. 0:03:55.320 --> 0:03:58.360 Of course, we're nowhere near UM. We're still in the 0:03:58.400 --> 0:04:01.640 single digits, but rapidly rising. And if they really want 0:04:01.680 --> 0:04:04.119 to get a handle on inflation like they did back then, 0:04:04.600 --> 0:04:08.200 they're gonna have to go back to about But imagine 0:04:08.240 --> 0:04:12.040 what happens to the world if that happens. What do 0:04:12.080 --> 0:04:15.040 you think happens to real estate? If mortgages were you know, 0:04:15.080 --> 0:04:19.600 back to if you guess they would crash, you you 0:04:19.680 --> 0:04:22.280 are right. But that's where we're at. So anyway, back 0:04:22.360 --> 0:04:24.520 to where we're at. So the inflation is running hot, 0:04:24.560 --> 0:04:26.920 what does that mean? That means the cost of gasoline 0:04:27.320 --> 0:04:29.240 is now twice as much to fill up my truck 0:04:29.320 --> 0:04:32.599 with gas. That something I'm not super happy about, cost 0:04:32.680 --> 0:04:34.560 me twice as much to go to dinner. My airline 0:04:34.600 --> 0:04:37.760 tickets have gotten more expensive, everything's gotten more expensive, and 0:04:37.839 --> 0:04:42.960 so when things get more expensive, guess what happens. People 0:04:43.040 --> 0:04:45.040 have to cut back. People don't spend as much money 0:04:45.040 --> 0:04:47.640 because the problem is is that your income isn't going 0:04:47.760 --> 0:04:51.160 up as fast as the costs of goods and services, 0:04:51.800 --> 0:04:54.480 and so you have to buy less. You prioritize the 0:04:54.520 --> 0:04:57.560 stuff that you need and buy less of the stuff 0:04:57.600 --> 0:04:59.800 that you want. UM. And so, of course, I guess 0:04:59.839 --> 0:05:01.680 not an not a big surprise, but UM, it says 0:05:01.720 --> 0:05:03.520 here the U S economy is shrink, you know, shrink 0:05:03.560 --> 0:05:09.400 in the first quarter. And just like the consumer Price 0:05:09.520 --> 0:05:11.400 Index I call it the c P I, what they 0:05:11.440 --> 0:05:14.080 called the z P I, I called the cp LIE 0:05:14.600 --> 0:05:19.400 because that number is so manipulated that it's notically not 0:05:19.560 --> 0:05:22.799 actually true. This g g d P number is actually 0:05:23.360 --> 0:05:26.240 very very manipulated as well. I'm gonna explain how that's 0:05:26.279 --> 0:05:29.320 manipulated in a minute, UM, and we'll dig into some 0:05:29.360 --> 0:05:31.039 of the details on that. But what we can see 0:05:31.080 --> 0:05:33.560 here is that um, like I said, the decline in 0:05:33.560 --> 0:05:35.920 the US grows tomistic product at one point four percent 0:05:35.960 --> 0:05:39.559 annual rate marked a sharp reversal from a six point 0:05:39.760 --> 0:05:43.120 nine percent annual growth rate in the fourth quarter of 0:05:43.240 --> 0:05:46.159 last year. So we went from growing from about seven 0:05:46.240 --> 0:05:49.880 percent to now shrinking at about a percent and a half. 0:05:50.600 --> 0:05:53.000 That's a big deal. It's a real big deal. Now, 0:05:53.400 --> 0:05:56.080 we've talked about other things in the in the finance side, 0:05:56.120 --> 0:05:58.840 the economic side of things, and so for example, in 0:05:58.880 --> 0:06:02.280 the previous weeks, we would talking about this yield curve inversion, 0:06:02.360 --> 0:06:05.280 and so the the amount of money that you can 0:06:05.400 --> 0:06:08.240 make if you loan money to the government by buying bonds. 0:06:08.839 --> 0:06:11.840 The short term rates have been going up by the 0:06:11.960 --> 0:06:13.960 while the long term rates have been going down, and 0:06:14.040 --> 0:06:17.840 so the yield curve is flattening and is inverting. A 0:06:17.920 --> 0:06:20.359 lot of the yield curve actually went upside down, meaning 0:06:21.760 --> 0:06:24.840 it's more expensive in the long run than it is 0:06:24.960 --> 0:06:26.720 and I'm sorry, more expensive in the short run, that 0:06:26.800 --> 0:06:28.679 is in the long run. And so whenever it flips, 0:06:28.760 --> 0:06:33.120 r inverts like that every time in history it's led 0:06:33.160 --> 0:06:36.720 to a recession. So that indicator, that's why people talk 0:06:36.720 --> 0:06:39.400 about that all the time, this yield curve, when it inverts, 0:06:40.040 --> 0:06:42.760 it tells us there's a recession coming. And guess what 0:06:43.279 --> 0:06:46.280 it inverted. And now the economy went from growing a 0:06:46.360 --> 0:06:51.200 seven to shrinking by one five percent. Sounds like a recession, 0:06:51.240 --> 0:06:55.280 doesn't it. Um. And that's exactly where we're at. And uh, 0:06:55.520 --> 0:07:01.320 you know, there's no shortage of excuses, there's no shortage 0:07:01.360 --> 0:07:04.520 of you know, people trying to explain this a way. 0:07:04.560 --> 0:07:06.920 As a matter of fact, Um, Bloomberg said that the 0:07:07.000 --> 0:07:15.080 GDP likely to show quote misleading end quote us weakness. Um. So, uh, 0:07:15.600 --> 0:07:19.560 don't don't trust the facts, don't trust the don't trust math. 0:07:20.240 --> 0:07:23.040 It's misleading. It's not it's not true. It's like these 0:07:23.200 --> 0:07:25.560 people telling you in the school system that math is racist. 0:07:25.640 --> 0:07:29.080 Somehow math is just math, it's just fact, it's just 0:07:29.200 --> 0:07:33.480 what it is. But somehow Bloomberg tells us that it's misleading. Um. 0:07:33.560 --> 0:07:35.720 And they're saying that, you know, it's misleading because you 0:07:35.800 --> 0:07:38.760 know prices went up by a lot. Well yeah, no kidding, 0:07:39.600 --> 0:07:43.160 that's exactly what causes the recession. If they could have 0:07:43.240 --> 0:07:46.400 kept inflation under control, we wouldn't be here where we 0:07:46.480 --> 0:07:48.320 are now. And that kind of goes back to this 0:07:48.440 --> 0:07:51.960 kind of conversation that I've had, which is that you 0:07:52.040 --> 0:07:54.920 know this inflation number is is uh, is so misleading 0:07:55.040 --> 0:07:59.040 overall and it doesn't really state the damage that's done 0:07:59.120 --> 0:08:02.160 to this But you know, in this In this Bloomberg article, 0:08:02.200 --> 0:08:04.880 they talked about it being misleading and they said that, 0:08:05.480 --> 0:08:07.440 you know, the consumers are quote they're spending with a 0:08:07.520 --> 0:08:10.560 little a little bit more discretion than they were, say, 0:08:10.640 --> 0:08:16.520 six months ago. Uh yeah, no kidding. When when prices 0:08:16.680 --> 0:08:19.240 keep going up at that rate, people by less as 0:08:19.240 --> 0:08:21.400 I've already made the case. Now, you know, the government 0:08:21.480 --> 0:08:23.080 keeps telling and said, oh no, we're going to get 0:08:23.120 --> 0:08:25.960 inflation under control, don't worry. But I do want to 0:08:26.000 --> 0:08:28.080 just make a point that prices went up by eight 0:08:28.120 --> 0:08:32.920 point five. Even if they bring inflation back down to zero, 0:08:33.840 --> 0:08:37.480 that doesn't mean prices go back down to where they were. 0:08:38.000 --> 0:08:41.959 What that means is that they stop going up now. 0:08:42.440 --> 0:08:43.920 Like I said, I want to talk about this GDP 0:08:44.080 --> 0:08:46.880 number and specifically I want to talk about how it's manipulated. 0:08:47.280 --> 0:08:50.440 Then I want to talk about the cause of all 0:08:50.520 --> 0:08:52.120 of this, and I want to I want to talk 0:08:52.160 --> 0:08:54.959 about exactly what the i m F, the International Monetary 0:08:55.040 --> 0:08:58.719 Funds said with the head of the ECB, Europeans Bank, 0:08:58.800 --> 0:09:00.360 and the head of the US Central Bank as well 0:09:00.440 --> 0:09:02.920 the Federal Reserve. I'm gonna play some clips that's going 0:09:03.000 --> 0:09:06.240 to blow your mind. And then I'm going to talk about, um, 0:09:07.480 --> 0:09:09.440 what this really means, the impact, And of course then 0:09:09.520 --> 0:09:13.319 we'll talk about the new technology, um, the new trend 0:09:13.360 --> 0:09:15.960 that's coming to fix all of this. And I'm gonna 0:09:15.960 --> 0:09:19.520 show you some exact uh instances that we can see 0:09:19.559 --> 0:09:21.959 that demonstrates that, UM, all that. When I come back, 0:09:22.000 --> 0:09:24.040 you're listening to the Mark Moa Show talking about the 0:09:24.080 --> 0:09:27.040 intersection of politics, finance, and technology. Of course we're talking 0:09:27.040 --> 0:09:31.559 about bitcoin and the decentralized revolution that's happening so much more. 0:09:31.760 --> 0:09:33.439 When I come back. Don't go away, I'll be right back, 0:09:34.040 --> 0:09:36.440 all right, Welcome back. You're listening to the Mark Moa Show. 0:09:36.480 --> 0:09:41.040 We're talking about the decentralized revolution that is changing the 0:09:41.120 --> 0:09:43.240 world that we're living in. We're witnessing all of this 0:09:43.320 --> 0:09:44.920 in real time, and I'm just here on the sidelines 0:09:44.960 --> 0:09:47.199 commentating for you, giving you the play by play, so 0:09:47.360 --> 0:09:50.040 it brings it into context, you understand what's going on. 0:09:50.160 --> 0:09:52.680 Of course, we're talking about the intersection of politics, finance, 0:09:52.800 --> 0:09:55.320 and technology. We'll talk about all three of those areas 0:09:55.640 --> 0:09:59.079 and specifically bringing into context, of course, how they come together. 0:09:59.160 --> 0:10:02.319 And we were talking about for the break, the latest 0:10:02.960 --> 0:10:05.960 gross domestic product, the GDP numbers just came out from 0:10:06.040 --> 0:10:11.079 the US government and it was very disappointing for them, 0:10:11.920 --> 0:10:14.920 somewhat expected from me. And it doesn't take a rocket 0:10:14.960 --> 0:10:17.160 scientist to figure that out. I'm sure it was probably 0:10:18.040 --> 0:10:21.679 something that you might have expected. Like what happens when 0:10:21.760 --> 0:10:24.120 prices go up so fast that people can't afford to 0:10:24.200 --> 0:10:28.120 buy things anymore, Well, they buy less, which it means 0:10:28.559 --> 0:10:33.720 GDP growth goes down. Wow, you're smarter than these PhD 0:10:33.800 --> 0:10:37.719 in economics because they couldn't figure that out. Amazing right, Um, 0:10:38.000 --> 0:10:40.120 And so you know, they give us lots of reasons. 0:10:40.200 --> 0:10:43.360 They say, like I said, the consumer spending has gone down. Um, 0:10:43.520 --> 0:10:45.880 of course it has because prices have gone up. They 0:10:45.960 --> 0:10:50.240 said that wages, the wages are going up. They say, 0:10:50.920 --> 0:10:52.679 I don't know how much. I don't know how much 0:10:52.679 --> 0:10:54.719 of a pay raise you've received in the last year, 0:10:54.760 --> 0:10:58.040 but they say they're going up. However, they're not keeping 0:10:58.320 --> 0:11:01.640 up with inflation, meaning prices are going up way more 0:11:02.000 --> 0:11:04.679 than your rate of pay is going up. So the 0:11:04.760 --> 0:11:09.520 price of gasoline has about doubled. Has your income doubled? Well? No, uh, 0:11:10.679 --> 0:11:13.160 Homes across the United States have average gone they've gone 0:11:13.240 --> 0:11:17.880 up about thirty five has your pay gone up by no? Uh, 0:11:18.000 --> 0:11:23.280 the average rental increases UM gone up. I think some 0:11:23.440 --> 0:11:26.319 states have seen more than sixt going up in rents. 0:11:26.679 --> 0:11:30.079 Some some local areas have gone up more than has 0:11:30.160 --> 0:11:31.760 your pay gone up that much? And of course the 0:11:31.760 --> 0:11:34.839 answer is no. I say that rhetorical of course. Um. 0:11:35.080 --> 0:11:36.720 And so even if they say, even if we take 0:11:36.760 --> 0:11:39.280 out some of the gas price increases, which, of course, 0:11:39.320 --> 0:11:41.240 like I said, gas went up really high, we're still 0:11:41.240 --> 0:11:43.480 facing an issue of our incomes not keeping up with 0:11:43.520 --> 0:11:46.719 the pace of consumption, and something is going to have 0:11:47.040 --> 0:11:51.600 to give, said Stephen Gallagher, US chief economist at Societal General. 0:11:52.320 --> 0:11:54.280 So I guess he kind of gets it. Something has 0:11:54.320 --> 0:11:57.000 to give. Yeah, that means we're buying less things, and 0:11:57.080 --> 0:11:59.920 so they're trying to kind of make these excuses, try 0:12:00.000 --> 0:12:02.640 had a reason away. That's what these economists do. Really, 0:12:02.800 --> 0:12:05.600 if you think about it, these the the the experts, 0:12:06.160 --> 0:12:10.559 trust the experts, the experts. The economists are there to 0:12:10.800 --> 0:12:13.679 try to convince us what the government is doing and 0:12:13.840 --> 0:12:16.680 that what the government is doing is right and good, 0:12:17.080 --> 0:12:21.360 and they try to come up with these very elaborate 0:12:21.520 --> 0:12:24.599 answers that you know, we don't understand because we're just 0:12:24.679 --> 0:12:27.079 not near as smart as they are, right, Um, And 0:12:27.120 --> 0:12:29.720 so they give us these elaborate answers trying to explain 0:12:29.760 --> 0:12:31.160 this away. But let me make it a little bit 0:12:31.200 --> 0:12:34.319 more simple for you now, UM, if we if we 0:12:34.320 --> 0:12:36.559 break down the world of economics. And I know this 0:12:36.600 --> 0:12:38.040 a little bit boring, I'm trying to make an interesting 0:12:38.120 --> 0:12:40.360 for you. But UM, we kind of have two camps, 0:12:40.520 --> 0:12:42.560 if you will, and you won't really hear about these 0:12:42.600 --> 0:12:46.920 two camps mostly but mainly everybody's in this Kinsian camp. Um. 0:12:47.080 --> 0:12:49.760 John Maynard Keynes came out with this um kind of 0:12:50.120 --> 0:12:53.280 form of economics about a hundred years ago when he 0:12:53.320 --> 0:12:55.760 helped write the current system that we have today, including 0:12:55.760 --> 0:12:59.320 the Breton Words monetary system, and basically under Kinsey and economics, 0:12:59.360 --> 0:13:01.200 they believe that the government should just print as much 0:13:01.240 --> 0:13:03.680 money as they need, and that if the government prints money, 0:13:03.720 --> 0:13:07.000 they can help us through these recessions. Um. I don't 0:13:07.360 --> 0:13:11.360 think that's correct, And obviously the proof is here, right, 0:13:11.760 --> 0:13:14.679 It's obviously not worked. Since those policies have been put 0:13:14.720 --> 0:13:17.480 into place a hundred years ago, we just continue to 0:13:17.480 --> 0:13:20.199 see bigger booms and boom booms and bus booms and 0:13:20.240 --> 0:13:22.760 bus booms and bus over and over and over um. 0:13:22.920 --> 0:13:24.920 And then the other camp would be like an Austrian 0:13:25.040 --> 0:13:28.920 school of economics, which believes in not creating money from 0:13:28.960 --> 0:13:31.599 thin air and not having a never ending series of 0:13:31.640 --> 0:13:33.520 booms and bust, which I don't know, it sounds better 0:13:33.559 --> 0:13:35.760 to me, unless maybe you like the booms and bust. Now, 0:13:35.800 --> 0:13:37.600 if you could perfectly time them, I suppose it could 0:13:37.600 --> 0:13:40.480 be an advantage, but unfortunately most people can't. Um. You're 0:13:40.480 --> 0:13:42.400 listening to the Markmas Show. By the way, we're talking 0:13:42.440 --> 0:13:45.280 about the decentralized revolution that the world is going through 0:13:45.360 --> 0:13:48.520 right now. Things are breaking apart and getting crazy because 0:13:48.880 --> 0:13:52.160 it's changing, and what's changing it is the technology. And 0:13:52.240 --> 0:13:55.119 so we talked about the intersection of politics, finance, and technology, 0:13:55.240 --> 0:13:58.120 looking at those three things in context. So if you're 0:13:58.160 --> 0:14:00.440 new to the Markmas Show, thanks for listening. Make sure 0:14:00.679 --> 0:14:03.800 to put this appointment to be with me each and 0:14:03.840 --> 0:14:05.520 every week on your calendar so you don't miss me. 0:14:06.120 --> 0:14:08.480 But we're talking about this this GDP print, and what's 0:14:08.480 --> 0:14:12.040 really happening is is uh, what what a lot of 0:14:12.080 --> 0:14:17.520 people would call stagflation. Stagflation is where you don't make 0:14:17.640 --> 0:14:21.600 more money, um, but things just keep getting more expensive 0:14:23.080 --> 0:14:26.880 and Uh, that's basically where we're at right, Um, that 0:14:27.960 --> 0:14:30.320 they're inflating the money supply, and when they do that, 0:14:30.600 --> 0:14:35.200 it's basically stealing because it steals your purchasing power. So 0:14:35.280 --> 0:14:37.880 what does that mean? If I had a hundred dollars 0:14:37.920 --> 0:14:41.120 in my bank account last year and I could buy 0:14:41.320 --> 0:14:44.120 I could fill Okay, so I could fill up my 0:14:44.240 --> 0:14:47.840 truck with gas for a hundred dollars last year. Now 0:14:48.120 --> 0:14:51.760 it's almost two hundred dollars. So that means a hundred 0:14:51.760 --> 0:14:54.120 dollars got me a full tank of gas last year. 0:14:54.240 --> 0:14:56.560 A hundred dollars gets me half a tank of gas 0:14:56.720 --> 0:15:02.720 this year. So they they literally stole my purchasing power. 0:15:02.880 --> 0:15:06.760 They literally stole fifty worth of gas from me? How 0:15:06.800 --> 0:15:10.000 do they do that by printing the money? All Right? 0:15:10.200 --> 0:15:15.280 The thing that differentiate differentiates stagflation from what they call 0:15:15.440 --> 0:15:19.440 regular inflation is, like I said, the price increases are 0:15:19.520 --> 0:15:23.040 more concentrated in things that people feel are making them 0:15:23.240 --> 0:15:27.400 poorer instead of making them believe falsely that they're becoming richer. 0:15:28.520 --> 0:15:32.360 But as the distinction between the asset prices asset prices 0:15:32.360 --> 0:15:37.120 which be stocks, real estate, things like that, and consumer prices, 0:15:38.360 --> 0:15:40.720 even they try to break those a part of these 0:15:40.720 --> 0:15:42.800 economist try and say, oh, but inflation is only an 0:15:42.800 --> 0:15:47.600 asset prices, not consumer prices. Well, if I'm a consumer 0:15:47.640 --> 0:15:51.400 and I buy a house, that's a consumer expense of 0:15:51.920 --> 0:15:55.120 how has done an asset? Right? Stocks and bonds are 0:15:55.160 --> 0:15:58.840 also an expense to me buying them, um, and consumer 0:15:58.920 --> 0:16:01.840 goods are assets to people selling them. So they try 0:16:01.880 --> 0:16:04.000 to break these apart to seem all academic and try 0:16:04.040 --> 0:16:06.800 to hide this fact um. But it's but it's it's 0:16:06.840 --> 0:16:10.040 kind of like this made up lie that's happening. And 0:16:10.120 --> 0:16:12.640 again this is all manipulated. So think about this. So 0:16:13.240 --> 0:16:17.280 this the GDP, the gross domestic product. Well, if if 0:16:17.440 --> 0:16:21.960 prices are inflating, and GDP measures all the goods and 0:16:22.040 --> 0:16:25.800 services that are sold, but inflation has pushed the price 0:16:25.880 --> 0:16:28.360 of those goods and services up, So wouldn't it make 0:16:28.400 --> 0:16:32.400 sense that g d P also goes up? Of course 0:16:32.480 --> 0:16:34.880 it would. Now for some of you guys that may 0:16:34.920 --> 0:16:37.160 be a little bit smarter than you might go, well, 0:16:37.200 --> 0:16:39.560 but Mark, you're not being totally truthful, because isn't there 0:16:39.600 --> 0:16:42.840 such a thing as a g DP deflator that actually 0:16:42.960 --> 0:16:46.320 takes into account this inflation? And the answer is yes, 0:16:46.800 --> 0:16:48.720 there is that, and so they try to say, well, 0:16:48.840 --> 0:16:51.160 we take this into account, But how do they take 0:16:51.160 --> 0:16:54.560 it into into account when the c p I number, 0:16:54.640 --> 0:16:57.120 the measure of inflation they give us is all fake. 0:16:58.520 --> 0:17:01.120 So you've given us a fake number, trying to adjust 0:17:01.120 --> 0:17:03.000 it with another fake number, which ends up with a 0:17:03.040 --> 0:17:05.800 fake number. All right, Um, it doesn't work like that. 0:17:06.080 --> 0:17:10.120 It's it's completely manipulated. But UM, I want to tell 0:17:10.160 --> 0:17:12.480 you the real cause of this. And I'm not going 0:17:12.520 --> 0:17:14.880 to just tell you from me. I'm gonna I'm gonna 0:17:15.000 --> 0:17:18.000 let you hear clips directly from the head of the 0:17:18.000 --> 0:17:20.360 Fellow Reserve, the head of the I m F International 0:17:20.560 --> 0:17:23.840 Entary Fund in a conversation they had laughing about this. 0:17:24.480 --> 0:17:26.280 I'm gonna play you a clip of that and when 0:17:26.320 --> 0:17:28.080 I get back, and then I'm gonna tell you about 0:17:28.400 --> 0:17:30.560 the consequences of all this and what this really means 0:17:30.640 --> 0:17:32.440 to you, and then of course how you can protect 0:17:32.480 --> 0:17:36.640 yourself and how we fix this, how we fix the world. 0:17:36.720 --> 0:17:40.400 We got a lot to cover. Um, and I can't 0:17:40.400 --> 0:17:43.080 believe these clips. Oh my gosh, I can't believe they're 0:17:43.080 --> 0:17:46.280 saying this out loud. Typically what we hear is, you know, 0:17:46.400 --> 0:17:50.480 these leaders make up excuses the gas lightest of what 0:17:50.560 --> 0:17:52.959 you're seeing is not really what you're seeing or um, 0:17:53.000 --> 0:17:54.840 imagine how much it would have worse, it would have been, 0:17:55.400 --> 0:17:57.639 or it would have worked and if it wasn't for this, 0:17:58.119 --> 0:18:00.159 But nope, here they are just in many in it 0:18:00.400 --> 0:18:04.119 right out of their mouth. Shocking that they would do that. 0:18:04.680 --> 0:18:06.040 By the way, you're listening to the Mark Moa show 0:18:06.119 --> 0:18:09.040 talking about this decentralized revolution that's changing the world as 0:18:09.080 --> 0:18:12.240 we know, talking about the intersection of politics, finance, and technology. 0:18:12.600 --> 0:18:14.800 I'm gonna have some clips from some of these monetary 0:18:14.880 --> 0:18:17.399 leaders when we get back. That's gonna be shocking. So 0:18:17.480 --> 0:18:20.159 don't go away, all right, welcome back. You are listening 0:18:20.240 --> 0:18:23.640 to the markma show. We're talking about we're talking about 0:18:23.680 --> 0:18:25.919 the world. We're talking about the world being shaken up 0:18:25.960 --> 0:18:29.399 and changing right before our very eyes. And um, unless 0:18:29.400 --> 0:18:33.040 you've been living under a rock, um, you probably realize 0:18:33.080 --> 0:18:36.200 that the world is pretty dang crazy right now. There's 0:18:36.200 --> 0:18:38.920 a lot of things going on. And why is there 0:18:39.040 --> 0:18:43.200 so much going on? Vladimir Lenin said that there's there's 0:18:43.320 --> 0:18:46.160 decades where nothing seems to happen, and then there's days 0:18:46.200 --> 0:18:48.600 where decades seem to happen. And that's kind of where 0:18:48.640 --> 0:18:50.280 we're at right now. I think you would agree. Right 0:18:50.320 --> 0:18:51.880 every day it's like, oh my gosh, I can't believe 0:18:51.880 --> 0:18:55.080 how much is changing and why Why is that? Well, 0:18:55.280 --> 0:18:58.480 that's because we're in the middle of this revolution. The 0:18:58.560 --> 0:19:02.720 world is changing and it's driven by the converging of 0:19:02.920 --> 0:19:07.520 three things three cycles, politics, finance, and technology. So I'm 0:19:07.560 --> 0:19:09.320 here trying to give you the play by play on 0:19:09.400 --> 0:19:11.399 that each end every week. Hopefully that makes sense now. 0:19:11.600 --> 0:19:13.959 I was talking about before the break about the new 0:19:14.040 --> 0:19:16.600 numbers that came out this week from the government US 0:19:17.080 --> 0:19:20.480 g d P gross domestic product number was very disappointing 0:19:20.520 --> 0:19:22.560 to them, to say the least. We went from growing 0:19:22.560 --> 0:19:26.440 in almost seven percent um to growing um out about 0:19:26.480 --> 0:19:29.440 one percent I'm sorry, going slowing down by one percent, 0:19:29.840 --> 0:19:32.720 a drastic change. They were surprised, of course. I wasn't. 0:19:32.960 --> 0:19:36.320 What happens when prices go up, Um, people buy less. 0:19:36.840 --> 0:19:38.960 It's not rocket science. I think on elementary kid. I 0:19:39.000 --> 0:19:41.359 could probably ask my daughter, who was on the radio 0:19:41.359 --> 0:19:45.000 a couple of weeks ago, Uh, hopefully you enjoyed that. 0:19:45.040 --> 0:19:47.119 I thought that was pretty fun. She didn't really like it, 0:19:47.200 --> 0:19:49.840 but anyway, um, she could probably even tell you that question. 0:19:50.000 --> 0:19:52.600 What happens when prices go up on everything and people 0:19:52.640 --> 0:19:54.840 don't make any more money? She would say, well they 0:19:54.920 --> 0:19:57.280 buy a less duh. But they were, they were surprised. 0:19:57.680 --> 0:20:00.440 But um, what is the real cause of this? And 0:20:00.560 --> 0:20:03.480 that's the piece that I want to get into now. Now, UM, 0:20:06.720 --> 0:20:11.440 the money is controlled by central bankers, and the big 0:20:11.560 --> 0:20:15.280 central banks are in the In the United States, we 0:20:15.400 --> 0:20:20.600 have the Federal Reserve UH. In Europe, the euro runs 0:20:20.640 --> 0:20:23.639 off the European Central Bank UM. And then we have 0:20:23.960 --> 0:20:26.720 the one above that. It's kind of the central bank 0:20:26.760 --> 0:20:29.159 above central banks, which is the i m F, the 0:20:29.240 --> 0:20:33.639 International Monetary Fund, and the three of those people, so 0:20:34.119 --> 0:20:37.200 Chrystalina Georgina, she runs the i m F. We have 0:20:37.520 --> 0:20:39.560 Jerome Powell from the U s Phedo Reserve, and then 0:20:39.600 --> 0:20:42.520 we have Christine the Guard from the ECB European Central Bank. 0:20:42.720 --> 0:20:45.800 They all got together and they had a conversation UM 0:20:46.080 --> 0:20:49.639 on CNBC. Now, like I said, well, usually we just 0:20:49.720 --> 0:20:53.320 get lies, we get lies, we get obfuscation, They spin 0:20:53.480 --> 0:20:57.960 the story whatever right to make us believe that what 0:20:58.080 --> 0:21:03.000 we're seeing is not what we're seeing. Um, I can't 0:21:03.000 --> 0:21:05.200 really think of any of I can't think of any 0:21:05.200 --> 0:21:06.960 of them that actually give us the truth, except typically 0:21:06.960 --> 0:21:09.320 when they get out of office, then they start being 0:21:09.400 --> 0:21:12.360 much more Honestum. But but in this in this conversation, 0:21:12.520 --> 0:21:16.240 they're laughing, and uh, I am a director. Christina George 0:21:16.240 --> 0:21:19.040 Delna said some things that were completely shocking, and they're 0:21:19.080 --> 0:21:20.439 so shocking that I don't want to say them. I'm 0:21:20.440 --> 0:21:22.840 gonna actually have you hear them directly from her mouth. 0:21:22.880 --> 0:21:24.600 So let's quite and just play this first clip so 0:21:24.640 --> 0:21:26.840