1 00:00:00,040 --> 00:00:03,240 Speaker 1: Hey, everyone, Welcome to another episode of The Mark Moss Show, 2 00:00:03,240 --> 00:00:07,520 Speaker 1: where we talk about the intersection of politics, finance, and technology. 3 00:00:07,560 --> 00:00:10,200 Speaker 1: We're talking about bitcoin and we're talking about the decentralized 4 00:00:10,240 --> 00:00:13,039 Speaker 1: revolution that we are living through right now. Never a 5 00:00:13,119 --> 00:00:15,920 Speaker 1: dull moment in this space we are. We're in one 6 00:00:15,920 --> 00:00:19,480 Speaker 1: of those periods where Vladimir Lenin said that there's decades 7 00:00:19,520 --> 00:00:22,440 Speaker 1: where nothing seems to happen, and then there's days where 8 00:00:22,680 --> 00:00:25,040 Speaker 1: decades seem to happen. And that's exactly where we're at 9 00:00:25,120 --> 00:00:28,520 Speaker 1: right now. I've been making content on on YouTube for 10 00:00:28,560 --> 00:00:30,960 Speaker 1: several years now, and there's lots of times where over 11 00:00:31,000 --> 00:00:33,360 Speaker 1: the years where I've been like, shoot, what should I 12 00:00:33,400 --> 00:00:36,360 Speaker 1: talk about right now? And uh, lately, for the last 13 00:00:36,360 --> 00:00:39,520 Speaker 1: like two weeks, it's like I just have this never 14 00:00:39,520 --> 00:00:41,519 Speaker 1: in any amount of stuff to talk about, and it's 15 00:00:41,560 --> 00:00:43,599 Speaker 1: a it's a pretty pretty exciting time. And you know, 16 00:00:43,640 --> 00:00:46,680 Speaker 1: with as much information that's coming out, it's hard to 17 00:00:47,320 --> 00:00:51,360 Speaker 1: one obviously hard to keep up with it. It's even 18 00:00:51,400 --> 00:00:55,040 Speaker 1: more difficult to um navigate yourself through it. So like 19 00:00:55,160 --> 00:00:57,920 Speaker 1: we used to have a problem of getting information, getting 20 00:00:57,960 --> 00:01:00,160 Speaker 1: information that used to be difficult. Today we have too 21 00:01:00,240 --> 00:01:02,160 Speaker 1: much information. It's like a fire hose. And so now 22 00:01:02,360 --> 00:01:06,560 Speaker 1: it's discerning the information or maybe even I might even 23 00:01:06,600 --> 00:01:10,240 Speaker 1: say deciphering the information to understand what it means. And 24 00:01:10,280 --> 00:01:12,399 Speaker 1: of course that's what I'm here for. That's what I'm 25 00:01:12,720 --> 00:01:15,160 Speaker 1: that's what I'm here for each and every week, hopefully 26 00:01:15,160 --> 00:01:16,840 Speaker 1: you're tuning in with me. Try to bring you some 27 00:01:17,000 --> 00:01:19,280 Speaker 1: education to kind of change your perspective, change what you 28 00:01:19,280 --> 00:01:21,360 Speaker 1: think about things. Of course, bring you the latest breaking 29 00:01:21,880 --> 00:01:24,640 Speaker 1: news headlines so you're up to date, because, like I said, 30 00:01:24,640 --> 00:01:27,680 Speaker 1: it is coming on fast. And then of course, uh, 31 00:01:27,920 --> 00:01:31,000 Speaker 1: bring to you some important guests each and every week. UM, 32 00:01:31,000 --> 00:01:32,959 Speaker 1: so let's talk about some of the hot news headlines 33 00:01:33,000 --> 00:01:36,400 Speaker 1: this week. Of course, Um, Canada and Russia have been 34 00:01:36,400 --> 00:01:40,240 Speaker 1: dominated the news headlines, and we'll talk about that. But 35 00:01:40,240 --> 00:01:42,759 Speaker 1: I wanna talk about a couple of other things as well. UM. 36 00:01:42,800 --> 00:01:46,920 Speaker 1: You know, one thing that you may not pick up on, 37 00:01:47,040 --> 00:01:49,120 Speaker 1: or maybe you don't like when you listen to me, 38 00:01:49,680 --> 00:01:52,320 Speaker 1: is I talk a lot about bitcoin. Um, I don't 39 00:01:52,360 --> 00:01:55,720 Speaker 1: talk so much about crypto, right, I use those words, 40 00:01:56,000 --> 00:01:59,200 Speaker 1: I interchange them back and forth. Um, but you know, 41 00:01:59,280 --> 00:02:02,840 Speaker 1: there's a really, really big difference between bitcoin and crypto. 42 00:02:03,720 --> 00:02:06,200 Speaker 1: So a lot of times people are like, well, maybe 43 00:02:06,240 --> 00:02:08,560 Speaker 1: like a Peter Shift is like, well, you know there's 44 00:02:08,560 --> 00:02:12,480 Speaker 1: fifteen thousand other bitcoins, Well there's not. There's only one bitcoin, 45 00:02:12,520 --> 00:02:14,720 Speaker 1: and then there's a bund there's fifteen thousand cryptos. I 46 00:02:14,720 --> 00:02:16,560 Speaker 1: would also say the same thing back to Peter Shift, 47 00:02:16,600 --> 00:02:18,560 Speaker 1: which is, well, there's a bunch of metal, but there's 48 00:02:18,600 --> 00:02:22,000 Speaker 1: only one gold. Right, There's platinum, palladium and aluminium, steel 49 00:02:22,040 --> 00:02:24,400 Speaker 1: and chrome and all these things, but there's only one gold. 50 00:02:25,520 --> 00:02:28,000 Speaker 1: And so with crypto, there's only one bitcoins. We make 51 00:02:28,040 --> 00:02:31,359 Speaker 1: the distinction between bitcoin and crypto, and the main differentiation 52 00:02:31,400 --> 00:02:34,040 Speaker 1: that I would make in regards to that is that 53 00:02:34,440 --> 00:02:41,760 Speaker 1: Bitcoin is decentralized and censorship resistant, and it's not controlled 54 00:02:41,800 --> 00:02:46,600 Speaker 1: by anyone like the Federal Reserve is controlled and they 55 00:02:46,600 --> 00:02:49,519 Speaker 1: can go print more money whenever they want. Bitcoin isn't 56 00:02:49,520 --> 00:02:52,400 Speaker 1: controlled by anybody, and because of that, they can't change 57 00:02:52,440 --> 00:02:55,320 Speaker 1: the monetary supply, they can't censor you and all these 58 00:02:55,320 --> 00:02:57,320 Speaker 1: types of things. There's nobody to do that. And a 59 00:02:57,360 --> 00:02:59,240 Speaker 1: lot of people might not like that, and it might 60 00:02:59,240 --> 00:03:01,200 Speaker 1: be offended by that. And if so, shoot me a 61 00:03:01,200 --> 00:03:03,320 Speaker 1: message on Twitter at one Mark Moss. I'd love to 62 00:03:03,320 --> 00:03:06,480 Speaker 1: hear from you. Um, but I wanna there's an article 63 00:03:06,480 --> 00:03:08,720 Speaker 1: that came out this week that I think really illustrates this. 64 00:03:08,760 --> 00:03:11,280 Speaker 1: And so what we saw is um back to the 65 00:03:11,320 --> 00:03:13,880 Speaker 1: kind of this Russia situation in first Canada and Russia 66 00:03:14,240 --> 00:03:16,760 Speaker 1: and now the whole world, the United States and everybody's 67 00:03:16,800 --> 00:03:19,280 Speaker 1: coming after Russia with sanctions. Right, we have to sanction 68 00:03:19,280 --> 00:03:21,480 Speaker 1: then we have to take away their ability to transact 69 00:03:22,480 --> 00:03:27,440 Speaker 1: um and uh. And we've we have policy makers or 70 00:03:27,560 --> 00:03:32,560 Speaker 1: lawmakers they're starting to call on um cryptocurrency exchanges to 71 00:03:33,320 --> 00:03:35,880 Speaker 1: censor people or sanction them, whatever you want to call it, 72 00:03:35,960 --> 00:03:39,760 Speaker 1: the same thing UM. And when you're you know, these 73 00:03:39,800 --> 00:03:42,800 Speaker 1: these exchanges, so I'm talking like buying ance or coin 74 00:03:42,840 --> 00:03:46,160 Speaker 1: base or cracking or whatever. These are centralized companies. They're 75 00:03:46,200 --> 00:03:49,800 Speaker 1: not pretending to be decentralized, right there, centralized companies UM. 76 00:03:49,920 --> 00:03:51,560 Speaker 1: And you know, if the government tells them that they 77 00:03:51,560 --> 00:03:55,080 Speaker 1: have to block transactions, they have to block transactions. As 78 00:03:55,080 --> 00:03:58,120 Speaker 1: a matter of fact. Jesse Powell, the CEO of Kracking, 79 00:03:58,600 --> 00:04:00,800 Speaker 1: I saw on Twitter somebody asked him, Hey, Jesse Powell, 80 00:04:01,360 --> 00:04:03,040 Speaker 1: you know I see that the government's you know, trying 81 00:04:03,040 --> 00:04:05,560 Speaker 1: to get these exchanges to censor us. UM. Will you 82 00:04:05,600 --> 00:04:07,440 Speaker 1: will you guys listen to the government, and he said, yes, 83 00:04:08,040 --> 00:04:10,200 Speaker 1: we will listen to the government. We cannot protect you 84 00:04:10,280 --> 00:04:12,440 Speaker 1: get your money off the exchange. So they don't. They 85 00:04:12,440 --> 00:04:16,440 Speaker 1: don't pretend to be decentralized. But what about crypto um. 86 00:04:16,440 --> 00:04:19,880 Speaker 1: I made a statement earlier that bitcoin is the you know, 87 00:04:20,000 --> 00:04:24,359 Speaker 1: the decentralized one that can't be censored, censorship resistant, and 88 00:04:24,400 --> 00:04:27,400 Speaker 1: people don't like that. But but some news came out 89 00:04:27,440 --> 00:04:29,440 Speaker 1: this week that I think kind of proves the point here. 90 00:04:29,480 --> 00:04:33,360 Speaker 1: So this headline from just a day ago met a 91 00:04:33,440 --> 00:04:38,920 Speaker 1: mask and Infura block certain areas amid crypto sanctions fury. 92 00:04:40,160 --> 00:04:43,440 Speaker 1: The two pillars of the Ethereum ecosystem did not say 93 00:04:43,520 --> 00:04:48,040 Speaker 1: which areas were under blockade. So but mark, isn't ethereum 94 00:04:48,240 --> 00:04:54,279 Speaker 1: um decentralized, isn't x y z decentralized? Well, I don't 95 00:04:54,320 --> 00:04:58,200 Speaker 1: believe that there is such thing as a decentralized ish, 96 00:04:58,240 --> 00:05:00,719 Speaker 1: and I guess that's really where the debate is. So 97 00:05:01,000 --> 00:05:04,719 Speaker 1: we've proven that we well we know that you know, 98 00:05:04,800 --> 00:05:09,080 Speaker 1: Google and Facebook and all those on Twitter, they're centralized, right. 99 00:05:09,120 --> 00:05:12,280 Speaker 1: There's a server that runs the database, and there's a 100 00:05:12,360 --> 00:05:14,919 Speaker 1: group of people that run it and control it, and 101 00:05:15,000 --> 00:05:17,600 Speaker 1: they change the rules right whenever they want, and that's fine. 102 00:05:17,640 --> 00:05:21,400 Speaker 1: It's centralized and they can do that. The opposite of 103 00:05:21,440 --> 00:05:25,960 Speaker 1: that is decentralized. Instead of one database, there's a million databases. 104 00:05:26,200 --> 00:05:29,440 Speaker 1: Instead of a group of people that run it and 105 00:05:29,520 --> 00:05:33,280 Speaker 1: control it, there's no people that run it and control it. Right, 106 00:05:33,400 --> 00:05:35,760 Speaker 1: That's that's what it means to me. One is centralized 107 00:05:36,000 --> 00:05:39,680 Speaker 1: and one is decentralized. What is it when it's in 108 00:05:39,680 --> 00:05:43,320 Speaker 1: the middle, Like, well, it's it's kind of you know, 109 00:05:43,360 --> 00:05:45,880 Speaker 1: it's it's kind of decentralized like a little bit, but 110 00:05:46,000 --> 00:05:47,320 Speaker 1: like really, at the end of the day, like we 111 00:05:47,400 --> 00:05:48,960 Speaker 1: kind of control that, we can still you know, we 112 00:05:49,000 --> 00:05:54,560 Speaker 1: can still affect it. Well, is that decentralized? Ish? Does 113 00:05:54,600 --> 00:05:59,560 Speaker 1: the market need decentralized? Ish? So? Um, if you're ever 114 00:06:00,160 --> 00:06:02,440 Speaker 1: trying to figure out what the heck this blockchain is, 115 00:06:02,960 --> 00:06:05,560 Speaker 1: if you ever read anything that says that uses the 116 00:06:05,560 --> 00:06:09,200 Speaker 1: word blockchain, just in your mind, just substitute the word 117 00:06:09,200 --> 00:06:16,479 Speaker 1: blockchain for slow inefficient database. So a database is very efficient, 118 00:06:17,000 --> 00:06:20,080 Speaker 1: a blockchain is a very slow and inefficient database. Now, 119 00:06:20,080 --> 00:06:22,039 Speaker 1: why the heck, Why the heck would you want to 120 00:06:22,040 --> 00:06:25,800 Speaker 1: slow an inefficient database? Oh? Because the trade off you 121 00:06:25,880 --> 00:06:31,680 Speaker 1: trade off the speed and efficiency, for security, for censorship resistent. 122 00:06:31,800 --> 00:06:34,480 Speaker 1: So um, that is what we have. We have those two, 123 00:06:34,560 --> 00:06:36,200 Speaker 1: but what is the one in the middle. So back 124 00:06:36,240 --> 00:06:40,160 Speaker 1: to ethereum ethereum but mark Ethereum is decentralized. Right, Well, 125 00:06:40,680 --> 00:06:42,520 Speaker 1: let's see, so like about six months ago, one of 126 00:06:42,560 --> 00:06:44,960 Speaker 1: the big grapes that Bitcoin has is against ethereum is 127 00:06:44,960 --> 00:06:47,000 Speaker 1: that bitcoin has a fixed supply. There will never be 128 00:06:47,080 --> 00:06:51,800 Speaker 1: more than twenty one million bitcoin um. What's the supply 129 00:06:51,880 --> 00:06:54,560 Speaker 1: of ethereum going to be? Oh, that's right, we don't know. 130 00:06:55,240 --> 00:06:57,120 Speaker 1: Well that was a big right for so long that 131 00:06:57,279 --> 00:06:59,839 Speaker 1: Vitalic Butterin, who's the founder of Ethereum, and some of 132 00:06:59,880 --> 00:07:02,320 Speaker 1: his buddies, they got together and they decided to change it. 133 00:07:02,520 --> 00:07:07,159 Speaker 1: They change the monetary issuance of the protocol. But the 134 00:07:07,240 --> 00:07:09,200 Speaker 1: very fact that people can get together and change that 135 00:07:09,760 --> 00:07:12,480 Speaker 1: doesn't that mean it's not decentralized. And if that's not 136 00:07:12,560 --> 00:07:14,360 Speaker 1: enough proof for you, back to this headline meta mask 137 00:07:14,680 --> 00:07:17,160 Speaker 1: infur a block certain areas of med crypto sanctions fury. 138 00:07:17,520 --> 00:07:19,800 Speaker 1: The two pillars of the Theorum ecosystem did not say 139 00:07:19,800 --> 00:07:22,160 Speaker 1: which you under a blockade? So what this is saying 140 00:07:22,280 --> 00:07:24,400 Speaker 1: is that two key pieces of the etherory and ecosystem. 141 00:07:24,480 --> 00:07:27,200 Speaker 1: Meta Mask and Infira moved to restrict access to users 142 00:07:27,200 --> 00:07:29,120 Speaker 1: in certain areas. So meta mask is a is a 143 00:07:29,120 --> 00:07:33,280 Speaker 1: wallet that helps you hold it um and okay, mark 144 00:07:33,320 --> 00:07:35,480 Speaker 1: you're saying, but that's but but meta mask is sort 145 00:07:35,480 --> 00:07:38,120 Speaker 1: of like a they're sort of like the wallet, So 146 00:07:38,360 --> 00:07:41,840 Speaker 1: they could block it. It doesn't really change the protocol. 147 00:07:42,120 --> 00:07:47,560 Speaker 1: But Infura Infura is basically the service that runs all 148 00:07:47,600 --> 00:07:51,880 Speaker 1: of the other Ethereum services, and so if they can 149 00:07:51,960 --> 00:07:58,800 Speaker 1: now start blocking certain jurisdictions. To this point, how decentralized 150 00:07:58,920 --> 00:08:02,680 Speaker 1: is it now? A lot times bitcoiners, Um, there's like bitcoiners, 151 00:08:02,720 --> 00:08:05,840 Speaker 1: and then there's like bitcoin maximalist, and there's like toxic bitcoiners, 152 00:08:05,840 --> 00:08:08,240 Speaker 1: and there's like all these little subsets. But one thing 153 00:08:08,320 --> 00:08:10,200 Speaker 1: that you know a lot of bitcoinners would say is 154 00:08:10,200 --> 00:08:12,320 Speaker 1: they call everything a scam. And I don't like to 155 00:08:12,360 --> 00:08:16,280 Speaker 1: just throw that word around. Um lightly um. I think 156 00:08:16,320 --> 00:08:17,920 Speaker 1: words start to lose their meaning after a while. I 157 00:08:18,000 --> 00:08:20,080 Speaker 1: call it someone you don't agree with their they're racist, 158 00:08:20,120 --> 00:08:21,840 Speaker 1: and it's like, come on you, you just can't just 159 00:08:21,880 --> 00:08:24,480 Speaker 1: throw those words around. A scam is if I were 160 00:08:24,560 --> 00:08:27,280 Speaker 1: to sell you something and then not give it to you, 161 00:08:27,360 --> 00:08:29,560 Speaker 1: or give you something different in in return, right, it 162 00:08:29,560 --> 00:08:32,040 Speaker 1: would be like a scam. And so if you are 163 00:08:32,200 --> 00:08:36,400 Speaker 1: told that this is a decentralized protocol and then you 164 00:08:36,440 --> 00:08:39,240 Speaker 1: find out that they can just change then they can 165 00:08:39,280 --> 00:08:41,840 Speaker 1: just change the monetary supply, or they can just censor 166 00:08:41,880 --> 00:08:45,160 Speaker 1: you when they want. Doesn't that mean it's not decentralized. 167 00:08:45,400 --> 00:08:48,000 Speaker 1: And if you were sold it that it was decentralized, 168 00:08:48,040 --> 00:08:50,240 Speaker 1: then you find out it's not decentralized, would that be 169 00:08:50,280 --> 00:08:53,280 Speaker 1: a scam? I'm asking a question. You can figure that 170 00:08:53,280 --> 00:08:55,640 Speaker 1: out on your own, you know. Listen to the Mark 171 00:08:55,679 --> 00:08:57,840 Speaker 1: Marchell will be right back. All right, welcome back. You 172 00:08:57,880 --> 00:08:59,839 Speaker 1: are listening to the Mark Ma Show. We are talking 173 00:08:59,880 --> 00:09:04,120 Speaker 1: to about the intersection of politics, technology and finance. It's 174 00:09:04,120 --> 00:09:07,000 Speaker 1: an amazing time to be alive witnessing altogether. We're witnessing 175 00:09:07,360 --> 00:09:11,679 Speaker 1: bitcoin and cryptocurrencies and the decentralized revolution changing the world 176 00:09:11,920 --> 00:09:15,200 Speaker 1: right before our very eyes. We're talking about some of 177 00:09:15,200 --> 00:09:18,680 Speaker 1: the latest breaking news headlines that have come out this week. 178 00:09:18,720 --> 00:09:21,000 Speaker 1: Of course, I want to keep you up to date 179 00:09:21,040 --> 00:09:24,079 Speaker 1: on what's happening and of course bring some context and 180 00:09:24,080 --> 00:09:26,520 Speaker 1: and uh, I guess some of my own opinion to 181 00:09:26,600 --> 00:09:28,240 Speaker 1: that as well, so you can kind of understand what's 182 00:09:28,280 --> 00:09:32,160 Speaker 1: going on. Um. Of course, this whole Russia thing, Russia, 183 00:09:32,280 --> 00:09:35,880 Speaker 1: Ukraine and sanctions has been dominating the headlines, and we've 184 00:09:35,920 --> 00:09:41,760 Speaker 1: seen we've seen cryptocurrency come out to I guess, uh, 185 00:09:42,520 --> 00:09:45,080 Speaker 1: save the day, if you will. But what's interesting is 186 00:09:45,200 --> 00:09:47,600 Speaker 1: um not just cryptocurrency being used for that way, but 187 00:09:47,720 --> 00:09:49,520 Speaker 1: even in the way that it's being done so. In 188 00:09:49,559 --> 00:09:51,960 Speaker 1: Canada we saw the truckers like to go fund me 189 00:09:52,160 --> 00:09:55,880 Speaker 1: campaigns get seized. But here we have this Russia invading 190 00:09:55,960 --> 00:10:01,160 Speaker 1: Ukraine and the Ukrainian government the act well, Ukrainian government 191 00:10:01,160 --> 00:10:06,199 Speaker 1: has been out soliciting donations in crypto from the headline, 192 00:10:06,240 --> 00:10:09,160 Speaker 1: says Uh. The Ukrainian government has been soliciting crypto donations 193 00:10:09,200 --> 00:10:12,440 Speaker 1: from its official Twitter account in the form of bitcoin, 194 00:10:12,960 --> 00:10:19,640 Speaker 1: ethereum and the dollar denominated stable coin tether wow. The 195 00:10:19,760 --> 00:10:23,120 Speaker 1: Ukrainian exchanges facilitating donations. That money is being used to 196 00:10:23,160 --> 00:10:27,720 Speaker 1: support evacuees and local military personnel with drones, heat vision 197 00:10:27,760 --> 00:10:32,640 Speaker 1: goggles and gas wow it says UH. The blockchain analytics 198 00:10:32,679 --> 00:10:35,480 Speaker 1: firm says that the Ukrainian government has raised millions of dollars. 199 00:10:35,520 --> 00:10:38,200 Speaker 1: I think I saw as of yesterday had raised like 200 00:10:38,240 --> 00:10:42,400 Speaker 1: over fifty million dollars. So not only were seeing you know, 201 00:10:42,440 --> 00:10:45,560 Speaker 1: bitcoin and cryptocurrency, I should say crypto being used, bitcoin 202 00:10:45,640 --> 00:10:50,880 Speaker 1: and ethereum um, but we're seeing in a government crowdfunding 203 00:10:51,120 --> 00:10:56,120 Speaker 1: their own defense. Pretty interesting. Um. You know, the government, 204 00:10:56,320 --> 00:10:58,360 Speaker 1: the US government's pledge to give us some money for 205 00:10:58,400 --> 00:11:01,200 Speaker 1: the for the Ukrainians. But here we have both, right, 206 00:11:01,320 --> 00:11:05,480 Speaker 1: cryptocurrency coming to the forefront, and and we're watching a 207 00:11:05,520 --> 00:11:11,240 Speaker 1: government crowdfund their own effort, and we're seeing people jump in. 208 00:11:11,640 --> 00:11:17,440 Speaker 1: Like I said, about fifty million had been raised. Pretty interesting. 209 00:11:17,520 --> 00:11:21,360 Speaker 1: Individual investors and influencers have jumped into crypto. Billionaire Sam 210 00:11:21,360 --> 00:11:25,559 Speaker 1: Bankman Freed, he's the founder of ft x exchange. He 211 00:11:25,600 --> 00:11:28,360 Speaker 1: gave two fifty dollars in tether. So tether is a 212 00:11:28,440 --> 00:11:31,480 Speaker 1: U S dollars back stable coin, so that means one 213 00:11:31,520 --> 00:11:34,520 Speaker 1: tether coin is always worth one dollar um. So he 214 00:11:34,520 --> 00:11:37,960 Speaker 1: gave two and tether so basically in dollars. Um. Chain 215 00:11:38,040 --> 00:11:41,240 Speaker 1: dot Com ceo Depak whatever his name is, donated a 216 00:11:41,320 --> 00:11:45,199 Speaker 1: hundred ethereum. That's pretty good. Um. I think ethereum is 217 00:11:45,200 --> 00:11:50,640 Speaker 1: about three today, so hundred times would I say a 218 00:11:50,760 --> 00:11:57,200 Speaker 1: hundred about twom um? Yeah, about two and seventy seven 219 00:11:57,200 --> 00:11:59,240 Speaker 1: at the time. Bankman Freed also said his company f 220 00:11:59,360 --> 00:12:02,679 Speaker 1: t X was giving twenty five to every Ukrainian user. 221 00:12:02,840 --> 00:12:05,280 Speaker 1: So wow, if you're a Ukrainian user, or if you 222 00:12:05,320 --> 00:12:07,080 Speaker 1: know someone that's Ukrainian, they should probably go get an 223 00:12:07,120 --> 00:12:08,800 Speaker 1: account there and get twenty five dollars for free. It's 224 00:12:08,840 --> 00:12:11,600 Speaker 1: pretty cool. Um. So, anyway, we're seeing crypto come to 225 00:12:11,600 --> 00:12:15,120 Speaker 1: the spotlight here. Um, I thought that was pretty interesting. Now, 226 00:12:15,320 --> 00:12:18,400 Speaker 1: remember I talked about that price is not the most 227 00:12:18,440 --> 00:12:21,439 Speaker 1: important thing to look at when we're looking at new technology. 228 00:12:21,679 --> 00:12:23,640 Speaker 1: The two things that we want to look at our 229 00:12:24,000 --> 00:12:28,520 Speaker 1: user growth, the network effects and the development happened on 230 00:12:28,600 --> 00:12:31,800 Speaker 1: the protocol. And so the events that happened in Canada, 231 00:12:32,240 --> 00:12:34,720 Speaker 1: the events that are happening in Russia and Ukraine are 232 00:12:34,840 --> 00:12:39,800 Speaker 1: driving millions of new users onto cryptocurrencies in an instant, 233 00:12:39,880 --> 00:12:42,640 Speaker 1: in a heartbeat. Um. And so if we're not looking 234 00:12:42,640 --> 00:12:45,120 Speaker 1: at the price, but we're looking at those other two metrics, 235 00:12:45,120 --> 00:12:48,360 Speaker 1: then uh, I mean it's extremely bullish. And of course 236 00:12:48,360 --> 00:12:52,920 Speaker 1: bitcoin has rallied. Um. Cryptocurrency has rallied based off of 237 00:12:52,920 --> 00:12:55,319 Speaker 1: the news. As a matter of fact, Bitcoin is up 238 00:12:55,360 --> 00:12:57,640 Speaker 1: about down a little bit today, but we're up almost 239 00:12:57,640 --> 00:13:00,800 Speaker 1: thirty percent from where we were just re cently. I 240 00:13:00,840 --> 00:13:03,839 Speaker 1: think based off of all this attention, we see Ethereum 241 00:13:03,960 --> 00:13:07,760 Speaker 1: is up about the same about um doing good. A 242 00:13:07,800 --> 00:13:10,000 Speaker 1: lot of the crypto projects haven't really caught up to 243 00:13:10,040 --> 00:13:13,320 Speaker 1: that yet. So um they're up, you know, depends on 244 00:13:13,360 --> 00:13:15,400 Speaker 1: which one, but might be up a little bit less 245 00:13:15,400 --> 00:13:18,439 Speaker 1: than Bitcoin and ethereum, and probably because Bitcoin Ethereum are 246 00:13:18,440 --> 00:13:21,000 Speaker 1: the ones getting all the action and attention al right, 247 00:13:21,040 --> 00:13:24,280 Speaker 1: like I said, even the Ukrainian government is doing that. 248 00:13:25,440 --> 00:13:27,520 Speaker 1: And then you know, back to these uh, back to 249 00:13:27,559 --> 00:13:31,600 Speaker 1: these sanctions. Um, it's it's getting pretty popular here um. 250 00:13:31,720 --> 00:13:33,200 Speaker 1: I think I talked about this in the first hour, 251 00:13:33,280 --> 00:13:35,640 Speaker 1: but you know, sanctions are basically it's the stick. It's 252 00:13:35,640 --> 00:13:38,600 Speaker 1: a way to get nations to move the way that 253 00:13:38,640 --> 00:13:41,640 Speaker 1: you want. And so we've seen all these companies have 254 00:13:41,679 --> 00:13:46,920 Speaker 1: announced sanctions against Russia. So we see um. Visa and 255 00:13:46,960 --> 00:13:50,600 Speaker 1: MasterCard have both announced they will be blocking Russian banks 256 00:13:50,640 --> 00:13:54,640 Speaker 1: from their network. That's pretty serious. Now. I feel bad 257 00:13:54,679 --> 00:13:56,960 Speaker 1: for the actual Russian people who may need to buy 258 00:13:57,000 --> 00:13:58,559 Speaker 1: things with their Visa master Card that may not be 259 00:13:58,600 --> 00:14:01,560 Speaker 1: able to. Warner Meat announced on Monday it would not 260 00:14:01,600 --> 00:14:06,839 Speaker 1: be releasing the Batman in Russia this weekend. That's kind 261 00:14:06,840 --> 00:14:10,000 Speaker 1: of that's actually kind of comical, like, of all the sanctions, 262 00:14:10,200 --> 00:14:14,040 Speaker 1: we're not going to give you Batman. Okay, that's kind 263 00:14:14,040 --> 00:14:16,839 Speaker 1: of funny. Netflix announced Tuesday it's pausing all projects and 264 00:14:16,880 --> 00:14:22,560 Speaker 1: acquisitions from Russia. Disney said, uh, all releases, all releases 265 00:14:22,560 --> 00:14:24,520 Speaker 1: in Russia will be halted due to the country's attack 266 00:14:24,560 --> 00:14:28,040 Speaker 1: on Ukraine. So, um, no more Disney Princess movies unfortunately 267 00:14:28,160 --> 00:14:32,920 Speaker 1: for the Russians. Uh. Pretty interesting. The thing about this 268 00:14:33,040 --> 00:14:37,200 Speaker 1: is like again, this this illustrates the difference of centralization 269 00:14:37,440 --> 00:14:42,760 Speaker 1: versus decentralization. Right, So these are centralized companies and you know, 270 00:14:42,880 --> 00:14:46,240 Speaker 1: I guess they can do that if they want to write. Um. 271 00:14:46,320 --> 00:14:50,600 Speaker 1: The difference is with bitcoin, nobody can decide that, And 272 00:14:50,640 --> 00:14:55,560 Speaker 1: I get it. That's messy. Freedom is messy. Freedom means 273 00:14:55,680 --> 00:14:59,080 Speaker 1: that you have the freedom to do something I might 274 00:14:59,160 --> 00:15:03,600 Speaker 1: not like. The thing is is who's to decide what 275 00:15:03,760 --> 00:15:06,200 Speaker 1: you like and what you don't like. So, for example, 276 00:15:07,440 --> 00:15:09,240 Speaker 1: you know in the US they want to pass these, uh, 277 00:15:09,600 --> 00:15:12,120 Speaker 1: these hate speech laws. If you say something I hate, 278 00:15:12,680 --> 00:15:16,000 Speaker 1: then you know you could be fined. Well, my daughter 279 00:15:16,160 --> 00:15:19,520 Speaker 1: hates vanilla ice cream. If I say something about vanilla 280 00:15:19,520 --> 00:15:22,000 Speaker 1: ice cream, and she hates that. Should I be find 281 00:15:22,960 --> 00:15:27,520 Speaker 1: who defines what that is? Right now, under freedom, you 282 00:15:27,600 --> 00:15:29,280 Speaker 1: have the right to say something I don't like, but 283 00:15:29,440 --> 00:15:32,560 Speaker 1: I also have the freedom not to listen to that. 284 00:15:33,640 --> 00:15:37,160 Speaker 1: So freedom is pretty messy. But you know, back to 285 00:15:37,280 --> 00:15:41,160 Speaker 1: kind of the intersection of politics, finance, and technology, UM, 286 00:15:41,200 --> 00:15:43,600 Speaker 1: and what's happening over here in Russia. Not only is 287 00:15:43,640 --> 00:15:48,600 Speaker 1: it pushing cryptocurrency and bitcoin to the center stage UM, 288 00:15:48,640 --> 00:15:51,120 Speaker 1: and then of course, uh, lots of rules and regulations 289 00:15:51,160 --> 00:15:54,360 Speaker 1: coming out on top of that. It's also perfect cover 290 00:15:54,960 --> 00:15:58,960 Speaker 1: for the central banks of the United States, the Photo Reserve, 291 00:15:59,040 --> 00:16:01,480 Speaker 1: to start printing more money. And we talked about this 292 00:16:01,520 --> 00:16:04,280 Speaker 1: from a financial standpoint. I've been talking about for quite 293 00:16:04,280 --> 00:16:07,040 Speaker 1: a long time that the the Fed, the Federal Reserve, 294 00:16:07,120 --> 00:16:09,640 Speaker 1: they're really stuck between a rock and a hard place here. 295 00:16:10,080 --> 00:16:12,440 Speaker 1: If they continue to print more money to keep the 296 00:16:12,480 --> 00:16:16,720 Speaker 1: markets propped up, inflation just runs too high, like gas 297 00:16:16,760 --> 00:16:20,360 Speaker 1: and steak and bread. It's becoming unaffordable and people aren't 298 00:16:20,360 --> 00:16:23,240 Speaker 1: happy about that. But if they stop printing money to 299 00:16:23,280 --> 00:16:25,880 Speaker 1: try to control inflation and raise rates like they promised to, 300 00:16:26,440 --> 00:16:29,880 Speaker 1: then the markets start to collapse because you can't taper 301 00:16:29,880 --> 00:16:33,320 Speaker 1: a ponzi. So they're kind of stuck. We're ack in 302 00:16:33,360 --> 00:16:35,440 Speaker 1: a hard place. If we keep printing too much inflation, 303 00:16:35,480 --> 00:16:39,640 Speaker 1: people aren't happy. So what if we pretend that we're 304 00:16:39,680 --> 00:16:41,880 Speaker 1: going to do something about it, Like we're gonna pretend 305 00:16:41,880 --> 00:16:46,520 Speaker 1: that we're gonna raise rates UM and then we blame 306 00:16:46,600 --> 00:16:50,160 Speaker 1: inflation on something else. So we're starting to see headlines 307 00:16:50,200 --> 00:16:53,080 Speaker 1: that are popping up that says that um, because of 308 00:16:53,080 --> 00:16:57,000 Speaker 1: the Russia and uh Russia Ukraine conflict, we could see 309 00:16:57,000 --> 00:17:01,440 Speaker 1: inflation rages high as ten percent UM. Here we have 310 00:17:01,520 --> 00:17:04,640 Speaker 1: oil jumps to the highest since two thousand eleven, as 311 00:17:04,640 --> 00:17:08,880 Speaker 1: Opek holds outlook steady despite Russia's war on Ukraine. So 312 00:17:09,119 --> 00:17:12,200 Speaker 1: oils jumped to its highest level since two thousand eleven. 313 00:17:12,200 --> 00:17:15,679 Speaker 1: And guess what happens if oil goes up? Yeah, gas 314 00:17:15,680 --> 00:17:18,399 Speaker 1: goes up. So what a good way to hide inflation 315 00:17:18,560 --> 00:17:22,120 Speaker 1: but to start a war? Interesting times. Now you listen 316 00:17:22,119 --> 00:17:23,879 Speaker 1: to the Mark Moa show, We're talking about bitcoin, of 317 00:17:23,880 --> 00:17:27,520 Speaker 1: the decentralized revolution. We're talking about politics and finance coming together. 318 00:17:27,880 --> 00:17:29,680 Speaker 1: I got a lot more. I want to talk about 319 00:17:30,359 --> 00:17:32,000 Speaker 1: the FED raising raids. I want to talk about the 320 00:17:32,000 --> 00:17:36,040 Speaker 1: impact on global UM metrics UM, a lot more to cover. 321 00:17:36,240 --> 00:17:38,439 Speaker 1: Do not go away. I'll be right back, all right, 322 00:17:38,480 --> 00:17:40,679 Speaker 1: welcome back. You are listening to the Markma Show, and 323 00:17:40,720 --> 00:17:44,280 Speaker 1: we're talking about bitcoin of the decentralized revolution. We're talking 324 00:17:44,320 --> 00:17:47,800 Speaker 1: about the intersection of politics and finance and technology together. 325 00:17:49,400 --> 00:17:51,159 Speaker 1: And there's a never ending amount of news coming out 326 00:17:51,280 --> 00:17:52,720 Speaker 1: right now. Now. I've spent a lot of time talking 327 00:17:52,720 --> 00:17:54,639 Speaker 1: about what's going on in Russia and Ukraine and the 328 00:17:54,680 --> 00:17:58,480 Speaker 1: sanctions um, because it's dominating the news headlines. But there's 329 00:17:58,520 --> 00:18:01,720 Speaker 1: a lot more going on. And just that before the break, 330 00:18:01,720 --> 00:18:03,879 Speaker 1: I was talking about how you know inflation has been 331 00:18:03,960 --> 00:18:08,360 Speaker 1: raging on, and what a good way to hide all 332 00:18:08,400 --> 00:18:11,879 Speaker 1: the money printing caused inflation? Then to blame it on 333 00:18:11,880 --> 00:18:15,560 Speaker 1: a war. It's pretty good, pretty good way to do that. 334 00:18:16,160 --> 00:18:18,520 Speaker 1: I saw a headline here it says, uh, like I said, 335 00:18:18,640 --> 00:18:21,119 Speaker 1: rising gas prices from rush of Ukraine conflict will hit 336 00:18:21,200 --> 00:18:27,320 Speaker 1: Angelinos Los Angeleos who can least afford it. Dang gas 337 00:18:27,400 --> 00:18:32,399 Speaker 1: surpast six dollars a gallon if you're in Los Angeles. 338 00:18:32,440 --> 00:18:33,919 Speaker 1: Ain't two good for years? A matter of fact, I 339 00:18:33,960 --> 00:18:37,199 Speaker 1: see six dollars and thirty five cents a gallon in 340 00:18:37,280 --> 00:18:40,040 Speaker 1: Los Angeles. I live in southern California, not l A. 341 00:18:40,200 --> 00:18:43,080 Speaker 1: I haven't filled up my truck recently. Shoot, I'm I'm 342 00:18:43,080 --> 00:18:46,040 Speaker 1: afraid to go. Look now, and it does hit the 343 00:18:46,080 --> 00:18:49,000 Speaker 1: people that UM can least afford it the worst. Right, So, 344 00:18:49,080 --> 00:18:51,000 Speaker 1: if you make a million dollars, the amount of money 345 00:18:51,000 --> 00:18:53,320 Speaker 1: you spend on gas is a small percentage of your 346 00:18:53,840 --> 00:18:56,480 Speaker 1: UM income versus if you make thirty dollars a year. 347 00:18:57,560 --> 00:18:59,600 Speaker 1: And especially what happens with a lot of lower income 348 00:18:59,600 --> 00:19:01,520 Speaker 1: people too, is then they have to commute further because 349 00:19:01,520 --> 00:19:03,280 Speaker 1: they have to go live where it's cheaper. So now 350 00:19:03,359 --> 00:19:06,199 Speaker 1: not only that they're the percentage or the percentage of 351 00:19:06,480 --> 00:19:09,160 Speaker 1: their income they spend on gas is actually probably even 352 00:19:09,240 --> 00:19:14,920 Speaker 1: bigger because of that. UM so interesting way to hide this. 353 00:19:15,200 --> 00:19:18,240 Speaker 1: UM war is never good. I'm not an advocate of war. 354 00:19:18,280 --> 00:19:21,720 Speaker 1: I'm not an advocate of violence and UM Like I said, Uh, 355 00:19:21,840 --> 00:19:27,000 Speaker 1: it's it's all these unintended consequences that are that that 356 00:19:27,080 --> 00:19:30,040 Speaker 1: happened because of this, and uh, you know, none of 357 00:19:30,119 --> 00:19:31,760 Speaker 1: us care about the Russians, and I don't think the 358 00:19:31,840 --> 00:19:34,080 Speaker 1: Russians are mad at the Ukrainians either. It's these leaders. 359 00:19:34,320 --> 00:19:37,240 Speaker 1: We've got to put it where put your put your 360 00:19:37,520 --> 00:19:42,199 Speaker 1: angst where it is needed, not where it's not. Um. 361 00:19:42,240 --> 00:19:44,800 Speaker 1: What's interesting though, is if you look through the news headlines, 362 00:19:45,200 --> 00:19:48,240 Speaker 1: there's a lot of headlines that are trying to really 363 00:19:48,320 --> 00:19:50,720 Speaker 1: tug on our heart strings and really get us, like 364 00:19:50,880 --> 00:19:54,800 Speaker 1: really emotionally involved into this. And I would ask why, like, 365 00:19:54,920 --> 00:19:58,080 Speaker 1: why is it that they're really trying to get everybody involved? 366 00:19:58,080 --> 00:20:00,800 Speaker 1: They want us to back their effort. You know that 367 00:20:01,000 --> 00:20:06,680 Speaker 1: you've probably heard of nationalism, and nationalism is a way where, um, 368 00:20:06,720 --> 00:20:08,359 Speaker 1: it's kind of like you know, I'm sure you know 369 00:20:08,400 --> 00:20:10,600 Speaker 1: plenty of people who are like really into sports, right, 370 00:20:10,640 --> 00:20:12,800 Speaker 1: football or baseball or whatever, and they talk about their 371 00:20:12,840 --> 00:20:14,600 Speaker 1: team and it's and then when they talk about their 372 00:20:14,600 --> 00:20:16,879 Speaker 1: game if they won, it's like we won or we lost. 373 00:20:16,920 --> 00:20:19,480 Speaker 1: It's like you don't even play all right, But people 374 00:20:19,520 --> 00:20:21,840 Speaker 1: get so into their teams, and nationally is kind of 375 00:20:21,880 --> 00:20:24,800 Speaker 1: the same way where they get us so into our country. 376 00:20:24,800 --> 00:20:29,840 Speaker 1: It's us versus them, go America kind of a thing. Um, 377 00:20:29,880 --> 00:20:31,840 Speaker 1: it's not a good situation. I'm not talking about against it, 378 00:20:31,840 --> 00:20:34,520 Speaker 1: but just be aware when you're watching this information of 379 00:20:34,640 --> 00:20:36,680 Speaker 1: which side you're siting on. And like I said, think 380 00:20:36,720 --> 00:20:40,160 Speaker 1: about what these um knock on effects or other other 381 00:20:40,240 --> 00:20:44,960 Speaker 1: effects really are I saw, um, you know, back to 382 00:20:45,040 --> 00:20:46,879 Speaker 1: the Fed raising rates. I was talking about the Feds 383 00:20:46,920 --> 00:20:48,720 Speaker 1: kind of stuck between this rock and a hard place. 384 00:20:50,160 --> 00:20:54,520 Speaker 1: And it seems like they had committed to raising rates 385 00:20:54,720 --> 00:20:58,840 Speaker 1: about seven times they had committed to stopping the taper. 386 00:20:58,960 --> 00:21:01,560 Speaker 1: So what does that mean? So they're pumping money into 387 00:21:01,640 --> 00:21:04,679 Speaker 1: the markets, they're stimulating the markets, and they want to 388 00:21:04,680 --> 00:21:07,840 Speaker 1: start tapering that off, meaning they're not going to stop 389 00:21:07,880 --> 00:21:09,600 Speaker 1: pumping money in, but they were gonna start tapering it, 390 00:21:09,680 --> 00:21:12,400 Speaker 1: meaning cutting back the amount of stimulus they were providing. 391 00:21:14,040 --> 00:21:17,200 Speaker 1: Of course, Um, they said they were going to end 392 00:21:17,240 --> 00:21:20,240 Speaker 1: it by March, which is this month, and that doesn't 393 00:21:20,240 --> 00:21:25,560 Speaker 1: know it's happening. And now they're saying that, um, you know, shoot, 394 00:21:25,840 --> 00:21:28,960 Speaker 1: now because we've sanctioned Russia, Um, there's gonna be a 395 00:21:29,000 --> 00:21:32,640 Speaker 1: lot less dollars going around the banking system and we 396 00:21:32,720 --> 00:21:36,879 Speaker 1: might need to now make more dollars and inject them 397 00:21:36,920 --> 00:21:40,359 Speaker 1: into the system. What an interesting turn of events. And 398 00:21:40,400 --> 00:21:43,600 Speaker 1: now it's looking like, um, the rate hikes and the 399 00:21:43,680 --> 00:21:46,879 Speaker 1: SIMP stimulus could be off the table, because of course 400 00:21:47,320 --> 00:21:50,479 Speaker 1: we need to have that liquidity otherwise. They're warning us 401 00:21:50,480 --> 00:21:53,520 Speaker 1: that this could cause another Lehman style event. If you 402 00:21:53,520 --> 00:21:56,760 Speaker 1: don't know what that means. That goes back to the 403 00:21:56,840 --> 00:22:00,720 Speaker 1: great financial crash of two eight um. Leeman Brothers was 404 00:22:00,760 --> 00:22:03,439 Speaker 1: the first investment bank that went under and then it 405 00:22:03,520 --> 00:22:06,359 Speaker 1: dragged the entire banking system down with it. And so 406 00:22:06,400 --> 00:22:09,199 Speaker 1: they're saying we could see another Lehman style event by 407 00:22:09,280 --> 00:22:12,480 Speaker 1: sanctioning in Russia, it could actually crash the markets unless 408 00:22:12,640 --> 00:22:15,800 Speaker 1: don't worry. Don't worry, don't worry, unless unless the central 409 00:22:15,800 --> 00:22:18,639 Speaker 1: banks can come to your rescue and they can jump 410 00:22:18,680 --> 00:22:22,640 Speaker 1: in and uh, you know, pump the money back up. 411 00:22:23,160 --> 00:22:25,800 Speaker 1: And it's not just the sanction itself that's causing it. 412 00:22:25,840 --> 00:22:28,960 Speaker 1: Other areas are For example, UM, here's the headline says 413 00:22:29,040 --> 00:22:33,920 Speaker 1: Russian money flows through US real estate now. It says 414 00:22:33,960 --> 00:22:38,040 Speaker 1: despite new sanctions, Russians have spent years pouring funds into properties. 415 00:22:38,920 --> 00:22:41,720 Speaker 1: As President Joe Briden Vote vows to punish Russia with 416 00:22:41,760 --> 00:22:44,800 Speaker 1: financial sanctions by seizing yachts, mansions, and other assets, members 417 00:22:44,800 --> 00:22:47,160 Speaker 1: of the real estate community and lawmakers are skeptical about 418 00:22:47,200 --> 00:22:50,119 Speaker 1: how successful he'll be getting access to the money Russians 419 00:22:50,160 --> 00:22:53,800 Speaker 1: have been pouring into real estate for decades. So UM 420 00:22:53,920 --> 00:22:57,280 Speaker 1: kind of on the West coast in UH, in California 421 00:22:57,320 --> 00:23:00,320 Speaker 1: and Washington and Vancouver, you have the China and Ease 422 00:23:00,359 --> 00:23:02,080 Speaker 1: and they've been buying up the West coast, and I 423 00:23:02,080 --> 00:23:03,880 Speaker 1: guess over on the East coast you have the Russians 424 00:23:03,920 --> 00:23:07,960 Speaker 1: that are buying that up. And of course they are right. 425 00:23:08,359 --> 00:23:11,240 Speaker 1: If you live in a country that tells you that 426 00:23:11,280 --> 00:23:15,400 Speaker 1: they're going to freeze your money or seize your money 427 00:23:15,560 --> 00:23:18,920 Speaker 1: or steal your money whenever they want, then you're highly 428 00:23:19,000 --> 00:23:21,600 Speaker 1: motivated to not keep your money there. So if you're 429 00:23:21,600 --> 00:23:23,639 Speaker 1: in China and you know that if you say the 430 00:23:23,680 --> 00:23:26,480 Speaker 1: wrong thing on social media, you say the wrong thing, 431 00:23:26,600 --> 00:23:30,080 Speaker 1: your government could disappear you or freeze your accounts, then 432 00:23:30,119 --> 00:23:31,800 Speaker 1: you're gonna get that money out. You're gonna go buy 433 00:23:31,840 --> 00:23:35,080 Speaker 1: real estate in Vancouver or San Francisco, and you don't 434 00:23:35,160 --> 00:23:39,240 Speaker 1: care if you pay over market value. You don't care. 435 00:23:39,280 --> 00:23:41,399 Speaker 1: If you pay over market value and it drops by, 436 00:23:42,720 --> 00:23:45,760 Speaker 1: you don't care because it's better than the alternative of 437 00:23:45,840 --> 00:23:47,520 Speaker 1: leaving it somewhere where you could lose all of it. 438 00:23:48,480 --> 00:23:50,920 Speaker 1: And the same is true for the Russians as well. 439 00:23:51,280 --> 00:23:55,680 Speaker 1: And so we've been seeing that it says UH at 440 00:23:55,680 --> 00:23:57,760 Speaker 1: a minimum from cases report in the last five years, 441 00:23:57,800 --> 00:24:02,320 Speaker 1: more than two point three billion has been moved into 442 00:24:02,600 --> 00:24:07,520 Speaker 1: US real estate. Wow, So they're saying that it could 443 00:24:07,560 --> 00:24:13,560 Speaker 1: also cause the real estate market to crash. Now, do 444 00:24:13,600 --> 00:24:15,359 Speaker 1: you have a tenfoil hot next to you. Let me 445 00:24:15,400 --> 00:24:17,320 Speaker 1: just go ahead and throw that on for a second. 446 00:24:17,400 --> 00:24:19,840 Speaker 1: Let me explain something to you here. If you go 447 00:24:19,920 --> 00:24:25,320 Speaker 1: back through history, anytime there's a financial crisis, war seems 448 00:24:25,359 --> 00:24:30,159 Speaker 1: to follow. Now we're at a situation. So in President 449 00:24:30,240 --> 00:24:33,200 Speaker 1: Richard Nixon took the United States off of the gold standards. 450 00:24:33,240 --> 00:24:36,160 Speaker 1: So the entire world's currency, we had a one world 451 00:24:36,200 --> 00:24:39,159 Speaker 1: currency was a gold standard. The dollar was backed by gold. 452 00:24:39,200 --> 00:24:43,399 Speaker 1: All the currencies were pegged to the dollar. One. Just 453 00:24:43,440 --> 00:24:45,760 Speaker 1: over fifty years ago, that was severed and we went 454 00:24:45,760 --> 00:24:49,440 Speaker 1: into a free floating currency called a fiat currency. Fiat 455 00:24:49,480 --> 00:24:53,520 Speaker 1: means by decree. In fifty years, since it was no 456 00:24:53,600 --> 00:24:57,840 Speaker 1: longer backed by gold, they have no backing. In fifty years, 457 00:24:57,920 --> 00:25:02,960 Speaker 1: they've created over three sred trillion dollars out of thin air. Now, 458 00:25:03,040 --> 00:25:06,280 Speaker 1: central banks have two tools. They have interest rates and 459 00:25:06,320 --> 00:25:08,560 Speaker 1: they have the money supply, So the interest rates um. 460 00:25:08,600 --> 00:25:11,280 Speaker 1: If they lower interest rates, it encourages people to borrow more, 461 00:25:11,320 --> 00:25:14,119 Speaker 1: which creates money but interest rates are at zero or 462 00:25:14,200 --> 00:25:16,560 Speaker 1: negative in most parts of the world. That tools gone. 463 00:25:17,320 --> 00:25:20,240 Speaker 1: They've created over three d trillion dollars a matter of fact, 464 00:25:20,280 --> 00:25:22,879 Speaker 1: over twenty trillion dollars just in the last eighteen months. 465 00:25:24,520 --> 00:25:26,560 Speaker 1: How much more can they create? And the more they create, 466 00:25:26,640 --> 00:25:29,240 Speaker 1: the more inflation we get. Now, if you and I 467 00:25:29,280 --> 00:25:30,960 Speaker 1: were playing a game like a board game, and now 468 00:25:31,000 --> 00:25:33,040 Speaker 1: I was out of moves, You're out of moves, what 469 00:25:33,040 --> 00:25:37,119 Speaker 1: do we do? Well, we reset the game. The financial 470 00:25:37,200 --> 00:25:40,080 Speaker 1: system has to be reset. Now, this is not a conspiracy. 471 00:25:40,440 --> 00:25:42,840 Speaker 1: Um eighty years ago was reset and onto a gold standard, 472 00:25:42,840 --> 00:25:44,760 Speaker 1: the Breton Woods Agreement, and the I m F is 473 00:25:44,800 --> 00:25:48,439 Speaker 1: now calling for a Breton Woods to What does that mean? Well, 474 00:25:48,480 --> 00:25:50,639 Speaker 1: Breton Woods one was reset in the global financial system. 475 00:25:50,680 --> 00:25:54,679 Speaker 1: Breton was two. Is the same thing. And what a 476 00:25:54,800 --> 00:25:58,399 Speaker 1: better way to blame a crash of the financial system, 477 00:25:58,400 --> 00:26:00,880 Speaker 1: a reset of the finance system, than on a war. Hey, 478 00:26:00,920 --> 00:26:02,840 Speaker 1: the real estate market crashing wasn't our fault. We had 479 00:26:02,920 --> 00:26:07,760 Speaker 1: under control. It was because the Russians right, We had 480 00:26:07,800 --> 00:26:11,000 Speaker 1: everything under control. It was if it wasn't for those 481 00:26:11,040 --> 00:26:13,000 Speaker 1: pesky kids. If you guys, if you guys used to 482 00:26:13,040 --> 00:26:16,159 Speaker 1: watch Scooby Doo if it wasn't for those pesky kids, 483 00:26:16,280 --> 00:26:19,000 Speaker 1: if it wasn't for these pesky Russians, we we had 484 00:26:19,040 --> 00:26:22,159 Speaker 1: everything under control. The markets were fine, but now you know, 485 00:26:22,240 --> 00:26:25,520 Speaker 1: it's all crashed. Now, all these pensioners lost their pensions. Now, 486 00:26:25,560 --> 00:26:27,639 Speaker 1: all these entitlements that we owe, we can't afford to 487 00:26:27,640 --> 00:26:29,240 Speaker 1: pay them anymore. But but it wasn't our fault. We 488 00:26:29,280 --> 00:26:30,720 Speaker 1: had it. We had it. We we were good, we 489 00:26:30,720 --> 00:26:34,040 Speaker 1: were gonna the Fed was gonna give us a soft landing, right, 490 00:26:35,160 --> 00:26:36,359 Speaker 1: But now we can just blame it on the war. 491 00:26:36,400 --> 00:26:39,320 Speaker 1: It's all their fault. Um. The key is that nobody 492 00:26:39,320 --> 00:26:41,919 Speaker 1: should be in charge of manipulating the currency, which is 493 00:26:41,960 --> 00:26:45,400 Speaker 1: of course why we need something like bitcoinity centralized protocol. 494 00:26:45,920 --> 00:26:47,600 Speaker 1: You're listening to the Mark Moa Show, and of course 495 00:26:47,600 --> 00:26:50,600 Speaker 1: that's what we're talking about here, Bitcoin, the decentralized um 496 00:26:50,840 --> 00:26:53,560 Speaker 1: revolution that the world is going through, how it's affecting 497 00:26:53,560 --> 00:26:57,280 Speaker 1: politics and financed, very very interesting. I got a lot 498 00:26:57,320 --> 00:26:59,520 Speaker 1: more to cover, so don't go away. I'll be right back. 499 00:27:00,280 --> 00:27:03,320 Speaker 1: All right, everyone, Welcome back to the Mark ma Show. 500 00:27:03,359 --> 00:27:06,560 Speaker 1: We're talking about the decentralized revolution that we are living 501 00:27:06,560 --> 00:27:09,480 Speaker 1: through we're witnessing right now. Of course, we're talking about 502 00:27:09,480 --> 00:27:13,840 Speaker 1: how this intersects politics, finance, and technology, all three that 503 00:27:13,880 --> 00:27:15,960 Speaker 1: are changing the world as we go through it. I'm 504 00:27:16,000 --> 00:27:19,360 Speaker 1: trying to bring some uh, you know, perspectives and relevance 505 00:27:19,400 --> 00:27:21,680 Speaker 1: to what's going on. And we're talking about some of 506 00:27:21,720 --> 00:27:24,560 Speaker 1: the latest breaking news that's been going on. Of course, um, 507 00:27:24,960 --> 00:27:27,960 Speaker 1: the Russia Ukraine conflict has been front and center for 508 00:27:28,000 --> 00:27:30,800 Speaker 1: the world. But I think more than just looking at that, 509 00:27:30,880 --> 00:27:32,560 Speaker 1: you know, obviously not trying to dissect it from a 510 00:27:32,560 --> 00:27:37,199 Speaker 1: political standpoint, I am no Um, I'm no expert in 511 00:27:38,040 --> 00:27:40,800 Speaker 1: Ukrainian or Russian politics, so I don't really have a 512 00:27:40,800 --> 00:27:43,040 Speaker 1: lot to add there. But I think from a financial standpoint, 513 00:27:43,080 --> 00:27:45,159 Speaker 1: it's pretty interesting to take a look at and then 514 00:27:45,200 --> 00:27:47,600 Speaker 1: to really kind of think about some of these ripple 515 00:27:47,640 --> 00:27:50,520 Speaker 1: effects that are caused by that. I see this article 516 00:27:50,560 --> 00:27:54,520 Speaker 1: it just came out. Economic dangers from Russia's invasion ripple 517 00:27:54,600 --> 00:27:58,879 Speaker 1: across the globe. It says the repercussions are menacing the 518 00:27:58,920 --> 00:28:02,960 Speaker 1: global economy, shaking financial markets, and making life more perilous 519 00:28:03,119 --> 00:28:07,960 Speaker 1: for everyone. And it says, here's a quote from Clay 520 00:28:08,040 --> 00:28:13,080 Speaker 1: Lowry says, we are actually an uncharted territory and if 521 00:28:13,119 --> 00:28:14,600 Speaker 1: you think about it like part of it is because 522 00:28:14,640 --> 00:28:20,480 Speaker 1: the world is so connected together. Um so uh. President 523 00:28:20,520 --> 00:28:24,240 Speaker 1: Biden said that we're going to take away Russia's ability 524 00:28:24,320 --> 00:28:28,240 Speaker 1: to have high tech, high technology, and they he plans 525 00:28:28,240 --> 00:28:30,639 Speaker 1: to do that by um taking away their ability to 526 00:28:30,640 --> 00:28:34,239 Speaker 1: get micro chips or microprocessors. And I saw Taiwan, who 527 00:28:34,280 --> 00:28:36,919 Speaker 1: was a major supplier of those, came out in support. 528 00:28:36,960 --> 00:28:39,240 Speaker 1: And so we stand with Ukraine, we're gonna stop them. 529 00:28:39,280 --> 00:28:41,760 Speaker 1: But like it's interesting if you if you really dig 530 00:28:41,800 --> 00:28:44,520 Speaker 1: into that for a second, it's like, well, okay, we're 531 00:28:44,520 --> 00:28:49,560 Speaker 1: gonna prevent them from getting microchips, um, but where do 532 00:28:49,680 --> 00:28:53,320 Speaker 1: we get the supplies to make the microchips, Like we 533 00:28:53,360 --> 00:28:56,200 Speaker 1: need like rare earth elements and minerals, and like where 534 00:28:56,200 --> 00:29:00,520 Speaker 1: did those come from? Oh, they come from Russia. Uh. 535 00:29:00,560 --> 00:29:04,680 Speaker 1: And Russia gets I think seventy of them from China anyway, 536 00:29:04,800 --> 00:29:07,080 Speaker 1: and China has not come out in favor of any 537 00:29:07,080 --> 00:29:11,000 Speaker 1: type of sanctions. So if we are going to sanction 538 00:29:11,120 --> 00:29:13,719 Speaker 1: Russia from getting chips, then they just sanction us from 539 00:29:13,720 --> 00:29:17,520 Speaker 1: getting supplies we need to make the chips. It's pretty 540 00:29:17,520 --> 00:29:20,000 Speaker 1: interesting how that works. UM. And we found out like 541 00:29:20,000 --> 00:29:25,120 Speaker 1: when the pandemic broke out, UM, shoot almost two years 542 00:29:25,160 --> 00:29:27,360 Speaker 1: ago as when we first had lockdowns. Pretty pretty crazy 543 00:29:27,400 --> 00:29:29,840 Speaker 1: how fast things have gone by. But we saw it 544 00:29:29,840 --> 00:29:32,520 Speaker 1: like in the United States that we couldn't even make 545 00:29:32,560 --> 00:29:35,680 Speaker 1: our own um PPE, like our own face mask and 546 00:29:35,720 --> 00:29:38,360 Speaker 1: stuff like that. It all came from China. We also 547 00:29:38,400 --> 00:29:41,920 Speaker 1: found out that UM back to the rare Earth elements, 548 00:29:41,960 --> 00:29:44,560 Speaker 1: the r E s UM, those are like magnets and 549 00:29:44,560 --> 00:29:46,479 Speaker 1: they go in all kinds of technology today. Right, so 550 00:29:46,600 --> 00:29:50,120 Speaker 1: we put them in UM missile guidance systems, We put 551 00:29:50,160 --> 00:29:52,360 Speaker 1: them in in the consumer electronics as well. But our 552 00:29:52,400 --> 00:29:55,200 Speaker 1: military needs them for the submarines and for the missile 553 00:29:55,200 --> 00:29:58,520 Speaker 1: guidance systems and things like that. And uh, we don't 554 00:29:58,960 --> 00:30:01,280 Speaker 1: have any in the United States. It's we get them 555 00:30:01,320 --> 00:30:04,360 Speaker 1: all from China. And so how could the U S 556 00:30:04,360 --> 00:30:06,520 Speaker 1: sanctioned China? How could the US go to war with 557 00:30:06,600 --> 00:30:09,840 Speaker 1: China if we can't even equip our military without getting 558 00:30:09,840 --> 00:30:13,080 Speaker 1: stuff from China. And so the whole world is really 559 00:30:13,160 --> 00:30:16,520 Speaker 1: really connected together. Now Russia and China have appeared to 560 00:30:17,080 --> 00:30:21,880 Speaker 1: get together against the United States and so UM. I 561 00:30:22,000 --> 00:30:26,600 Speaker 1: suppose that the USA and China could just say, well, 562 00:30:26,600 --> 00:30:29,280 Speaker 1: we're not gonna do business together anymore. But if the 563 00:30:29,400 --> 00:30:32,880 Speaker 1: US didn't buy Chinese products, then China falls apart. And 564 00:30:32,920 --> 00:30:35,040 Speaker 1: sure Russia could just buy from China, but Russia is 565 00:30:35,080 --> 00:30:38,920 Speaker 1: a very very very tiny um economy, so they can't 566 00:30:38,960 --> 00:30:41,240 Speaker 1: really pick up for what the what America would drop off. 567 00:30:41,440 --> 00:30:43,200 Speaker 1: And of course, so if America drops off buying stuff 568 00:30:43,240 --> 00:30:45,600 Speaker 1: from China and China falls, but America can't stop buying 569 00:30:45,640 --> 00:30:47,520 Speaker 1: stuff from China because we need it, and so the 570 00:30:47,560 --> 00:30:51,120 Speaker 1: whole world is very very connected. Um, it's gonna be 571 00:30:51,120 --> 00:30:53,240 Speaker 1: interesting to see how this plays out. I don't really 572 00:30:53,280 --> 00:30:56,200 Speaker 1: have any prediction, although I guess I do say that 573 00:30:56,400 --> 00:30:59,160 Speaker 1: I believe the world is going to be much more decentralized, 574 00:30:59,440 --> 00:31:01,000 Speaker 1: and so we're kind of going to what I've been 575 00:31:01,000 --> 00:31:05,560 Speaker 1: calling they blow off top of centralization. A blowoff top 576 00:31:05,720 --> 00:31:08,800 Speaker 1: is typically used in financial terms. So if you were 577 00:31:08,800 --> 00:31:10,600 Speaker 1: to look at like the dot com boom in stock 578 00:31:10,640 --> 00:31:13,640 Speaker 1: market in the late two thousand's or the bitcoin boom 579 00:31:13,640 --> 00:31:16,680 Speaker 1: in seen um, a blow off top is where the 580 00:31:16,720 --> 00:31:19,920 Speaker 1: markets start to gain so much steam, so much momentum, 581 00:31:19,960 --> 00:31:23,479 Speaker 1: they go into like this parabolic, straight up stage, and 582 00:31:23,560 --> 00:31:25,480 Speaker 1: as it's going up, it just sucks in more, and 583 00:31:25,520 --> 00:31:27,040 Speaker 1: it sucks in more and sucks and more. It makes 584 00:31:27,040 --> 00:31:29,440 Speaker 1: it go up even faster. And at the top of 585 00:31:29,440 --> 00:31:33,400 Speaker 1: that market before it blows off, it gets very volatile, 586 00:31:33,440 --> 00:31:34,840 Speaker 1: meaning it goes up and down, up and down, up 587 00:31:34,840 --> 00:31:37,240 Speaker 1: and down really fast. So when bitcoin was in its 588 00:31:37,560 --> 00:31:41,440 Speaker 1: parabolic run in before it blew off all the way 589 00:31:41,480 --> 00:31:43,880 Speaker 1: from twenty thousand back to three thousand UM, he got 590 00:31:43,960 --> 00:31:47,480 Speaker 1: very volatile. We saw it dropped I think thirty percent 591 00:31:47,840 --> 00:31:50,720 Speaker 1: like every month, which if the stock market drops by 592 00:31:50,800 --> 00:31:53,120 Speaker 1: like three percent, that's a big deal. It dropped by 593 00:31:53,240 --> 00:31:57,120 Speaker 1: thirty every month. They got very volatile at the top. 594 00:31:57,520 --> 00:31:59,840 Speaker 1: And that's exactly what's happening with this peak central as 595 00:31:59,880 --> 00:32:03,160 Speaker 1: a ation, the whole world has become so centralized and 596 00:32:03,320 --> 00:32:07,120 Speaker 1: so connected, and it's gotten faster and faster and faster. 597 00:32:07,200 --> 00:32:09,960 Speaker 1: The more that it's gotten connected, the more it has 598 00:32:10,040 --> 00:32:12,560 Speaker 1: become connected. And I think a lot of people have 599 00:32:12,560 --> 00:32:15,719 Speaker 1: just started just giving everything to the nanny state. Right, 600 00:32:16,000 --> 00:32:17,640 Speaker 1: we don't want to deal with the health care, so 601 00:32:17,720 --> 00:32:19,120 Speaker 1: you just take that over. And we don't want to 602 00:32:19,120 --> 00:32:21,480 Speaker 1: deal with education, so you just take that over. And 603 00:32:21,480 --> 00:32:23,120 Speaker 1: we don't want to care, we don't deal with taking 604 00:32:23,160 --> 00:32:24,920 Speaker 1: care of the poor, so you just take that over. 605 00:32:25,440 --> 00:32:28,400 Speaker 1: And we've we've got to this point of peak centralization, 606 00:32:28,440 --> 00:32:30,200 Speaker 1: and of course, as I said, and a blow off top, 607 00:32:30,240 --> 00:32:33,280 Speaker 1: it's the most volatile at the top. And so that's 608 00:32:33,320 --> 00:32:36,000 Speaker 1: what we're seeing right We're seeing protests happening all around 609 00:32:36,040 --> 00:32:40,000 Speaker 1: the world. People are pushing back, and war is breaking out, etcetera. 610 00:32:40,680 --> 00:32:44,320 Speaker 1: And that's exactly what happened. And it ultimately starts all 611 00:32:44,520 --> 00:32:47,400 Speaker 1: from the money supply. If we chase all of these 612 00:32:47,440 --> 00:32:50,280 Speaker 1: problems down, and we chase them and all the way 613 00:32:50,360 --> 00:32:53,680 Speaker 1: to their base, what we see is it's always the 614 00:32:53,760 --> 00:32:56,960 Speaker 1: money supply, um and it's through creating all this fake 615 00:32:56,960 --> 00:32:59,719 Speaker 1: fiat currency that we've allowed these institutions to get so 616 00:32:59,760 --> 00:33:01,760 Speaker 1: big and get so much power, and it has a 617 00:33:01,880 --> 00:33:04,200 Speaker 1: lot of impact in the other areas that you maybe 618 00:33:04,240 --> 00:33:06,000 Speaker 1: don't think about. There was a headline I saw this 619 00:33:06,040 --> 00:33:09,080 Speaker 1: week that's kind of unrelated to what we've been talking about, 620 00:33:09,640 --> 00:33:12,600 Speaker 1: and it says Amazon to shut its bookstores and other 621 00:33:12,640 --> 00:33:16,360 Speaker 1: shops as its grocery chain expands. And so Amazon set 622 00:33:16,400 --> 00:33:18,680 Speaker 1: on Wednesday it plans to close sixty eight of its 623 00:33:18,680 --> 00:33:22,720 Speaker 1: brick and mortar bookstores, pop ups and shops carrying toys 624 00:33:22,760 --> 00:33:25,760 Speaker 1: and home goods in the United States and Kingdom, ending 625 00:33:25,800 --> 00:33:27,720 Speaker 1: some of its longest running retail experiment. So it's going 626 00:33:27,760 --> 00:33:31,520 Speaker 1: to close all of them all sixty eight if you 627 00:33:31,520 --> 00:33:34,680 Speaker 1: think about Amazon for example. So Amazon, you know, came 628 00:33:34,720 --> 00:33:38,240 Speaker 1: on the scene and it's destroyed small businesses. It's destroyed 629 00:33:38,280 --> 00:33:42,160 Speaker 1: mom and pop shops. Um, and you know, I love Amazon. 630 00:33:42,200 --> 00:33:44,240 Speaker 1: I don't like Amazon, but I use Amazon all the 631 00:33:44,240 --> 00:33:47,280 Speaker 1: time because one, it's cheap too. It's a good way 632 00:33:47,320 --> 00:33:48,800 Speaker 1: to find you know, what I need in three It 633 00:33:48,840 --> 00:33:50,440 Speaker 1: just delivers to my house, you know, same day or 634 00:33:50,480 --> 00:33:52,840 Speaker 1: next day. I lived in Puerto Rico all last year 635 00:33:52,880 --> 00:33:54,120 Speaker 1: and one of the things that I had a problem 636 00:33:54,160 --> 00:33:56,480 Speaker 1: with in Puerto Rico's Amazon Prime takes like two weeks 637 00:33:56,520 --> 00:33:59,480 Speaker 1: to get there, and that was that was difficult to 638 00:33:59,480 --> 00:34:02,920 Speaker 1: get used to. But um, but what Amazon has done 639 00:34:02,960 --> 00:34:05,840 Speaker 1: is all these specialty retailers, all these mom and pop 640 00:34:05,840 --> 00:34:08,440 Speaker 1: shops have gone on a business. Now. Amazon has been 641 00:34:08,440 --> 00:34:15,240 Speaker 1: able to undercut everybody because they're tapped into the money printer. 642 00:34:16,160 --> 00:34:18,040 Speaker 1: So the way that the money printer works is something 643 00:34:18,120 --> 00:34:21,000 Speaker 1: known as the cantilit cantil on effect. The cancel on 644 00:34:21,040 --> 00:34:22,960 Speaker 1: effects says that whoever is the closest to the money 645 00:34:23,000 --> 00:34:26,640 Speaker 1: has the advantage, and as the money trickles down to 646 00:34:26,719 --> 00:34:31,920 Speaker 1: the system. UM it affects people adversely. So UM Amazon 647 00:34:31,960 --> 00:34:36,200 Speaker 1: has been able to grow so big because they have 648 00:34:36,320 --> 00:34:40,200 Speaker 1: access to all this almost free capital. They've been able 649 00:34:40,239 --> 00:34:42,440 Speaker 1: to get all these investment banks to give them money 650 00:34:42,520 --> 00:34:46,080 Speaker 1: right there, through through listing themselves public, et cetera. And 651 00:34:46,080 --> 00:34:48,480 Speaker 1: because they have all this money, they were allowed to 652 00:34:49,040 --> 00:34:53,959 Speaker 1: blow up, get gigantic, and lose money year after year 653 00:34:54,000 --> 00:34:56,399 Speaker 1: after year after year by undercutting all these people. Now, 654 00:34:56,560 --> 00:34:59,000 Speaker 1: as a small business owner, I can't do that. I 655 00:34:59,040 --> 00:35:01,919 Speaker 1: can't run my business that a loss because I don't 656 00:35:01,920 --> 00:35:03,799 Speaker 1: have access to that free money. Right So, they were 657 00:35:03,800 --> 00:35:05,919 Speaker 1: able to run at a loss for years and years 658 00:35:05,920 --> 00:35:09,120 Speaker 1: and years and years and years, putting all these people 659 00:35:09,120 --> 00:35:12,640 Speaker 1: out of business. And now what happens. They just announced 660 00:35:12,640 --> 00:35:15,600 Speaker 1: they're going to close all of their brick and mortar store. 661 00:35:15,640 --> 00:35:17,600 Speaker 1: So all these where they where they opened up, all 662 00:35:17,600 --> 00:35:20,440 Speaker 1: these brick and mortar stores, they probably put small businesses 663 00:35:20,440 --> 00:35:23,120 Speaker 1: out of business around there, and now they're just going 664 00:35:23,200 --> 00:35:26,759 Speaker 1: to pull out. It's a big problem. And the reason 665 00:35:26,800 --> 00:35:28,880 Speaker 1: why I bring that up after I've been talking about Russia, 666 00:35:29,000 --> 00:35:32,360 Speaker 1: Ukraine and sanctions, is because it all goes back to 667 00:35:32,600 --> 00:35:37,000 Speaker 1: problems of the money printer. If it wasn't access to 668 00:35:37,120 --> 00:35:41,480 Speaker 1: unlimited um liquid capital, free money. If you will almost 669 00:35:41,760 --> 00:35:44,720 Speaker 1: then this would never have happened. These are the unintended 670 00:35:44,800 --> 00:35:48,280 Speaker 1: consequences that we've been talking about throughout the day. Hopefully 671 00:35:48,280 --> 00:35:49,759 Speaker 1: that makes sense. And of course, the way that we 672 00:35:49,800 --> 00:35:52,200 Speaker 1: get around it is so that we don't have a 673 00:35:52,200 --> 00:35:55,600 Speaker 1: money printer, so nobody is allowed to create more money 674 00:35:55,640 --> 00:35:59,799 Speaker 1: for themselves, nobody has control over the financial system. That 675 00:36:00,120 --> 00:36:02,759 Speaker 1: is what will lead to a much more free and 676 00:36:03,280 --> 00:36:05,880 Speaker 1: fair world, at least in my opinion. I'd love to 677 00:36:05,880 --> 00:36:08,000 Speaker 1: hear how I'm wrong. Send me a message on Twitter 678 00:36:08,120 --> 00:36:10,359 Speaker 1: at one Mark Moss, I'd love to hear your take 679 00:36:10,400 --> 00:36:11,719 Speaker 1: on it. By the way, you're listening to the Mark 680 00:36:11,800 --> 00:36:13,960 Speaker 1: mo Show, we've been talking about big one of the 681 00:36:14,000 --> 00:36:18,200 Speaker 1: decentralized revolution. We've been talking about the intersection of politics, finance, 682 00:36:18,280 --> 00:36:23,080 Speaker 1: and technology, and I'm just sitting on the sidelines watching 683 00:36:23,080 --> 00:36:24,920 Speaker 1: it all go by and I'm reporting it to you. 684 00:36:25,000 --> 00:36:27,480 Speaker 1: Hopefully that makes sense. Um. Like I said, send me 685 00:36:27,520 --> 00:36:29,480 Speaker 1: a message at one Mark Moss, I'd love to hear 686 00:36:29,480 --> 00:36:31,640 Speaker 1: what you think. And that's what I got for you today. 687 00:36:31,640 --> 00:36:32,360 Speaker 1: Thanks for listening.