Speaker 1: Hey, everyone, Welcome to another episode of The Mark Moss Show,
Speaker 1: where we talk about the intersection of politics, finance, and technology.
Speaker 1: We're talking about bitcoin and we're talking about the decentralized
Speaker 1: revolution that we are living through right now. Never a
Speaker 1: dull moment in this space we are. We're in one
Speaker 1: of those periods where Vladimir Lenin said that there's decades
Speaker 1: where nothing seems to happen, and then there's days where
Speaker 1: decades seem to happen. And that's exactly where we're at
Speaker 1: right now. I've been making content on on YouTube for
Speaker 1: several years now, and there's lots of times where over
Speaker 1: the years where I've been like, shoot, what should I
Speaker 1: talk about right now? And uh, lately, for the last
Speaker 1: like two weeks, it's like I just have this never
Speaker 1: in any amount of stuff to talk about, and it's
Speaker 1: a it's a pretty pretty exciting time. And you know,
Speaker 1: with as much information that's coming out, it's hard to
Speaker 1: one obviously hard to keep up with it. It's even
Speaker 1: more difficult to um navigate yourself through it. So like
Speaker 1: we used to have a problem of getting information, getting
Speaker 1: information that used to be difficult. Today we have too
Speaker 1: much information. It's like a fire hose. And so now
Speaker 1: it's discerning the information or maybe even I might even
Speaker 1: say deciphering the information to understand what it means. And
Speaker 1: of course that's what I'm here for. That's what I'm
Speaker 1: that's what I'm here for each and every week, hopefully
Speaker 1: you're tuning in with me. Try to bring you some
Speaker 1: education to kind of change your perspective, change what you
Speaker 1: think about things. Of course, bring you the latest breaking
Speaker 1: news headlines so you're up to date, because, like I said,
Speaker 1: it is coming on fast. And then of course, uh,
Speaker 1: bring to you some important guests each and every week. UM,
Speaker 1: so let's talk about some of the hot news headlines
Speaker 1: this week. Of course, Um, Canada and Russia have been
Speaker 1: dominated the news headlines, and we'll talk about that. But
Speaker 1: I wanna talk about a couple of other things as well. UM.
Speaker 1: You know, one thing that you may not pick up on,
Speaker 1: or maybe you don't like when you listen to me,
Speaker 1: is I talk a lot about bitcoin. Um, I don't
Speaker 1: talk so much about crypto, right, I use those words,
Speaker 1: I interchange them back and forth. Um, but you know,
Speaker 1: there's a really, really big difference between bitcoin and crypto.
Speaker 1: So a lot of times people are like, well, maybe
Speaker 1: like a Peter Shift is like, well, you know there's
Speaker 1: fifteen thousand other bitcoins, Well there's not. There's only one bitcoin,
Speaker 1: and then there's a bund there's fifteen thousand cryptos. I
Speaker 1: would also say the same thing back to Peter Shift,
Speaker 1: which is, well, there's a bunch of metal, but there's
Speaker 1: only one gold. Right, There's platinum, palladium and aluminium, steel
Speaker 1: and chrome and all these things, but there's only one gold.
Speaker 1: And so with crypto, there's only one bitcoins. We make
Speaker 1: the distinction between bitcoin and crypto, and the main differentiation
Speaker 1: that I would make in regards to that is that
Speaker 1: Bitcoin is decentralized and censorship resistant, and it's not controlled
Speaker 1: by anyone like the Federal Reserve is controlled and they
Speaker 1: can go print more money whenever they want. Bitcoin isn't
Speaker 1: controlled by anybody, and because of that, they can't change
Speaker 1: the monetary supply, they can't censor you and all these
Speaker 1: types of things. There's nobody to do that. And a
Speaker 1: lot of people might not like that, and it might
Speaker 1: be offended by that. And if so, shoot me a
Speaker 1: message on Twitter at one Mark Moss. I'd love to
Speaker 1: hear from you. Um, but I wanna there's an article
Speaker 1: that came out this week that I think really illustrates this.
Speaker 1: And so what we saw is um back to the
Speaker 1: kind of this Russia situation in first Canada and Russia
Speaker 1: and now the whole world, the United States and everybody's
Speaker 1: coming after Russia with sanctions. Right, we have to sanction
Speaker 1: then we have to take away their ability to transact
Speaker 1: um and uh. And we've we have policy makers or
Speaker 1: lawmakers they're starting to call on um cryptocurrency exchanges to
Speaker 1: censor people or sanction them, whatever you want to call it,
Speaker 1: the same thing UM. And when you're you know, these
Speaker 1: these exchanges, so I'm talking like buying ance or coin
Speaker 1: base or cracking or whatever. These are centralized companies. They're
Speaker 1: not pretending to be decentralized, right there, centralized companies UM.
Speaker 1: And you know, if the government tells them that they
Speaker 1: have to block transactions, they have to block transactions. As
Speaker 1: a matter of fact. Jesse Powell, the CEO of Kracking,
Speaker 1: I saw on Twitter somebody asked him, Hey, Jesse Powell,
Speaker 1: you know I see that the government's you know, trying
Speaker 1: to get these exchanges to censor us. UM. Will you
Speaker 1: will you guys listen to the government, and he said, yes,
Speaker 1: we will listen to the government. We cannot protect you
Speaker 1: get your money off the exchange. So they don't. They
Speaker 1: don't pretend to be decentralized. But what about crypto um.
Speaker 1: I made a statement earlier that bitcoin is the you know,
Speaker 1: the decentralized one that can't be censored, censorship resistant, and
Speaker 1: people don't like that. But but some news came out
Speaker 1: this week that I think kind of proves the point here.
Speaker 1: So this headline from just a day ago met a
Speaker 1: mask and Infura block certain areas amid crypto sanctions fury.
Speaker 1: The two pillars of the Ethereum ecosystem did not say
Speaker 1: which areas were under blockade. So but mark, isn't ethereum
Speaker 1: um decentralized, isn't x y z decentralized? Well, I don't
Speaker 1: believe that there is such thing as a decentralized ish,
Speaker 1: and I guess that's really where the debate is. So
Speaker 1: we've proven that we well we know that you know,
Speaker 1: Google and Facebook and all those on Twitter, they're centralized, right.
Speaker 1: There's a server that runs the database, and there's a
Speaker 1: group of people that run it and control it, and
Speaker 1: they change the rules right whenever they want, and that's fine.
Speaker 1: It's centralized and they can do that. The opposite of
Speaker 1: that is decentralized. Instead of one database, there's a million databases.
Speaker 1: Instead of a group of people that run it and
Speaker 1: control it, there's no people that run it and control it. Right,
Speaker 1: That's that's what it means to me. One is centralized
Speaker 1: and one is decentralized. What is it when it's in
Speaker 1: the middle, Like, well, it's it's kind of you know,
Speaker 1: it's it's kind of decentralized like a little bit, but
Speaker 1: like really, at the end of the day, like we
Speaker 1: kind of control that, we can still you know, we
Speaker 1: can still affect it. Well, is that decentralized? Ish? Does
Speaker 1: the market need decentralized? Ish? So? Um, if you're ever
Speaker 1: trying to figure out what the heck this blockchain is,
Speaker 1: if you ever read anything that says that uses the
Speaker 1: word blockchain, just in your mind, just substitute the word
Speaker 1: blockchain for slow inefficient database. So a database is very efficient,
Speaker 1: a blockchain is a very slow and inefficient database. Now,
Speaker 1: why the heck, Why the heck would you want to
Speaker 1: slow an inefficient database? Oh? Because the trade off you
Speaker 1: trade off the speed and efficiency, for security, for censorship resistent.
Speaker 1: So um, that is what we have. We have those two,
Speaker 1: but what is the one in the middle. So back
Speaker 1: to ethereum ethereum but mark Ethereum is decentralized. Right, Well,
Speaker 1: let's see, so like about six months ago, one of
Speaker 1: the big grapes that Bitcoin has is against ethereum is
Speaker 1: that bitcoin has a fixed supply. There will never be
Speaker 1: more than twenty one million bitcoin um. What's the supply
Speaker 1: of ethereum going to be? Oh, that's right, we don't know.
Speaker 1: Well that was a big right for so long that
Speaker 1: Vitalic Butterin, who's the founder of Ethereum, and some of
Speaker 1: his buddies, they got together and they decided to change it.
Speaker 1: They change the monetary issuance of the protocol. But the
Speaker 1: very fact that people can get together and change that
Speaker 1: doesn't that mean it's not decentralized. And if that's not
Speaker 1: enough proof for you, back to this headline meta mask
Speaker 1: infur a block certain areas of med crypto sanctions fury.
Speaker 1: The two pillars of the Theorum ecosystem did not say
Speaker 1: which you under a blockade? So what this is saying
Speaker 1: is that two key pieces of the etherory and ecosystem.
Speaker 1: Meta Mask and Infira moved to restrict access to users
Speaker 1: in certain areas. So meta mask is a is a
Speaker 1: wallet that helps you hold it um and okay, mark
Speaker 1: you're saying, but that's but but meta mask is sort
Speaker 1: of like a they're sort of like the wallet, So
Speaker 1: they could block it. It doesn't really change the protocol.
Speaker 1: But Infura Infura is basically the service that runs all
Speaker 1: of the other Ethereum services, and so if they can
Speaker 1: now start blocking certain jurisdictions. To this point, how decentralized
Speaker 1: is it now? A lot times bitcoiners, Um, there's like bitcoiners,
Speaker 1: and then there's like bitcoin maximalist, and there's like toxic bitcoiners,
Speaker 1: and there's like all these little subsets. But one thing
Speaker 1: that you know a lot of bitcoinners would say is
Speaker 1: they call everything a scam. And I don't like to
Speaker 1: just throw that word around. Um lightly um. I think
Speaker 1: words start to lose their meaning after a while. I
Speaker 1: call it someone you don't agree with their they're racist,
Speaker 1: and it's like, come on you, you just can't just
Speaker 1: throw those words around. A scam is if I were
Speaker 1: to sell you something and then not give it to you,
Speaker 1: or give you something different in in return, right, it
Speaker 1: would be like a scam. And so if you are
Speaker 1: told that this is a decentralized protocol and then you
Speaker 1: find out that they can just change then they can
Speaker 1: just change the monetary supply, or they can just censor
Speaker 1: you when they want. Doesn't that mean it's not decentralized.
Speaker 1: And if you were sold it that it was decentralized,
Speaker 1: then you find out it's not decentralized, would that be
Speaker 1: a scam? I'm asking a question. You can figure that
Speaker 1: out on your own, you know. Listen to the Mark
Speaker 1: Marchell will be right back. All right, welcome back. You
Speaker 1: are listening to the Mark Ma Show. We are talking
Speaker 1: to about the intersection of politics, technology and finance. It's
Speaker 1: an amazing time to be alive witnessing altogether. We're witnessing
Speaker 1: bitcoin and cryptocurrencies and the decentralized revolution changing the world
Speaker 1: right before our very eyes. We're talking about some of
Speaker 1: the latest breaking news headlines that have come out this week.
Speaker 1: Of course, I want to keep you up to date
Speaker 1: on what's happening and of course bring some context and
Speaker 1: and uh, I guess some of my own opinion to
Speaker 1: that as well, so you can kind of understand what's
Speaker 1: going on. Um. Of course, this whole Russia thing, Russia,
Speaker 1: Ukraine and sanctions has been dominating the headlines, and we've
Speaker 1: seen we've seen cryptocurrency come out to I guess, uh,
Speaker 1: save the day, if you will. But what's interesting is
Speaker 1: um not just cryptocurrency being used for that way, but
Speaker 1: even in the way that it's being done so. In
Speaker 1: Canada we saw the truckers like to go fund me
Speaker 1: campaigns get seized. But here we have this Russia invading
Speaker 1: Ukraine and the Ukrainian government the act well, Ukrainian government
Speaker 1: has been out soliciting donations in crypto from the headline,
Speaker 1: says Uh. The Ukrainian government has been soliciting crypto donations
Speaker 1: from its official Twitter account in the form of bitcoin,
Speaker 1: ethereum and the dollar denominated stable coin tether wow. The
Speaker 1: Ukrainian exchanges facilitating donations. That money is being used to
Speaker 1: support evacuees and local military personnel with drones, heat vision
Speaker 1: goggles and gas wow it says UH. The blockchain analytics
Speaker 1: firm says that the Ukrainian government has raised millions of dollars.
Speaker 1: I think I saw as of yesterday had raised like
Speaker 1: over fifty million dollars. So not only were seeing you know,
Speaker 1: bitcoin and cryptocurrency, I should say crypto being used, bitcoin
Speaker 1: and ethereum um, but we're seeing in a government crowdfunding
Speaker 1: their own defense. Pretty interesting. Um. You know, the government,
Speaker 1: the US government's pledge to give us some money for
Speaker 1: the for the Ukrainians. But here we have both, right,
Speaker 1: cryptocurrency coming to the forefront, and and we're watching a
Speaker 1: government crowdfund their own effort, and we're seeing people jump in.
Speaker 1: Like I said, about fifty million had been raised. Pretty interesting.
Speaker 1: Individual investors and influencers have jumped into crypto. Billionaire Sam
Speaker 1: Bankman Freed, he's the founder of ft x exchange. He
Speaker 1: gave two fifty dollars in tether. So tether is a
Speaker 1: U S dollars back stable coin, so that means one
Speaker 1: tether coin is always worth one dollar um. So he
Speaker 1: gave two and tether so basically in dollars. Um. Chain
Speaker 1: dot Com ceo Depak whatever his name is, donated a
Speaker 1: hundred ethereum. That's pretty good. Um. I think ethereum is
Speaker 1: about three today, so hundred times would I say a
Speaker 1: hundred about twom um? Yeah, about two and seventy seven
Speaker 1: at the time. Bankman Freed also said his company f
Speaker 1: t X was giving twenty five to every Ukrainian user.
Speaker 1: So wow, if you're a Ukrainian user, or if you
Speaker 1: know someone that's Ukrainian, they should probably go get an
Speaker 1: account there and get twenty five dollars for free. It's
Speaker 1: pretty cool. Um. So, anyway, we're seeing crypto come to
Speaker 1: the spotlight here. Um, I thought that was pretty interesting. Now,
Speaker 1: remember I talked about that price is not the most
Speaker 1: important thing to look at when we're looking at new technology.
Speaker 1: The two things that we want to look at our
Speaker 1: user growth, the network effects and the development happened on
Speaker 1: the protocol. And so the events that happened in Canada,
Speaker 1: the events that are happening in Russia and Ukraine are
Speaker 1: driving millions of new users onto cryptocurrencies in an instant,
Speaker 1: in a heartbeat. Um. And so if we're not looking
Speaker 1: at the price, but we're looking at those other two metrics,
Speaker 1: then uh, I mean it's extremely bullish. And of course
Speaker 1: bitcoin has rallied. Um. Cryptocurrency has rallied based off of
Speaker 1: the news. As a matter of fact, Bitcoin is up
Speaker 1: about down a little bit today, but we're up almost
Speaker 1: thirty percent from where we were just re cently. I
Speaker 1: think based off of all this attention, we see Ethereum
Speaker 1: is up about the same about um doing good. A
Speaker 1: lot of the crypto projects haven't really caught up to
Speaker 1: that yet. So um they're up, you know, depends on
Speaker 1: which one, but might be up a little bit less
Speaker 1: than Bitcoin and ethereum, and probably because Bitcoin Ethereum are
Speaker 1: the ones getting all the action and attention al right,
Speaker 1: like I said, even the Ukrainian government is doing that.
Speaker 1: And then you know, back to these uh, back to
Speaker 1: these sanctions. Um, it's it's getting pretty popular here um.
Speaker 1: I think I talked about this in the first hour,
Speaker 1: but you know, sanctions are basically it's the stick. It's
Speaker 1: a way to get nations to move the way that
Speaker 1: you want. And so we've seen all these companies have
Speaker 1: announced sanctions against Russia. So we see um. Visa and
Speaker 1: MasterCard have both announced they will be blocking Russian banks
Speaker 1: from their network. That's pretty serious. Now. I feel bad
Speaker 1: for the actual Russian people who may need to buy
Speaker 1: things with their Visa master Card that may not be
Speaker 1: able to. Warner Meat announced on Monday it would not
Speaker 1: be releasing the Batman in Russia this weekend. That's kind
Speaker 1: of that's actually kind of comical, like, of all the sanctions,
Speaker 1: we're not going to give you Batman. Okay, that's kind
Speaker 1: of funny. Netflix announced Tuesday it's pausing all projects and
Speaker 1: acquisitions from Russia. Disney said, uh, all releases, all releases
Speaker 1: in Russia will be halted due to the country's attack
Speaker 1: on Ukraine. So, um, no more Disney Princess movies unfortunately
Speaker 1: for the Russians. Uh. Pretty interesting. The thing about this
Speaker 1: is like again, this this illustrates the difference of centralization
Speaker 1: versus decentralization. Right, So these are centralized companies and you know,
Speaker 1: I guess they can do that if they want to write. Um.
Speaker 1: The difference is with bitcoin, nobody can decide that, And
Speaker 1: I get it. That's messy. Freedom is messy. Freedom means
Speaker 1: that you have the freedom to do something I might
Speaker 1: not like. The thing is is who's to decide what
Speaker 1: you like and what you don't like. So, for example,
Speaker 1: you know in the US they want to pass these, uh,
Speaker 1: these hate speech laws. If you say something I hate,
Speaker 1: then you know you could be fined. Well, my daughter
Speaker 1: hates vanilla ice cream. If I say something about vanilla
Speaker 1: ice cream, and she hates that. Should I be find
Speaker 1: who defines what that is? Right now, under freedom, you
Speaker 1: have the right to say something I don't like, but
Speaker 1: I also have the freedom not to listen to that.
Speaker 1: So freedom is pretty messy. But you know, back to
Speaker 1: kind of the intersection of politics, finance, and technology, UM,
Speaker 1: and what's happening over here in Russia. Not only is
Speaker 1: it pushing cryptocurrency and bitcoin to the center stage UM,
Speaker 1: and then of course, uh, lots of rules and regulations
Speaker 1: coming out on top of that. It's also perfect cover
Speaker 1: for the central banks of the United States, the Photo Reserve,
Speaker 1: to start printing more money. And we talked about this
Speaker 1: from a financial standpoint. I've been talking about for quite
Speaker 1: a long time that the the Fed, the Federal Reserve,
Speaker 1: they're really stuck between a rock and a hard place here.
Speaker 1: If they continue to print more money to keep the
Speaker 1: markets propped up, inflation just runs too high, like gas
Speaker 1: and steak and bread. It's becoming unaffordable and people aren't
Speaker 1: happy about that. But if they stop printing money to
Speaker 1: try to control inflation and raise rates like they promised to,
Speaker 1: then the markets start to collapse because you can't taper
Speaker 1: a ponzi. So they're kind of stuck. We're ack in
Speaker 1: a hard place. If we keep printing too much inflation,
Speaker 1: people aren't happy. So what if we pretend that we're
Speaker 1: going to do something about it, Like we're gonna pretend
Speaker 1: that we're gonna raise rates UM and then we blame
Speaker 1: inflation on something else. So we're starting to see headlines
Speaker 1: that are popping up that says that um, because of
Speaker 1: the Russia and uh Russia Ukraine conflict, we could see
Speaker 1: inflation rages high as ten percent UM. Here we have
Speaker 1: oil jumps to the highest since two thousand eleven, as
Speaker 1: Opek holds outlook steady despite Russia's war on Ukraine. So
Speaker 1: oils jumped to its highest level since two thousand eleven.
Speaker 1: And guess what happens if oil goes up? Yeah, gas
Speaker 1: goes up. So what a good way to hide inflation
Speaker 1: but to start a war? Interesting times. Now you listen
Speaker 1: to the Mark Moa show, We're talking about bitcoin, of
Speaker 1: the decentralized revolution. We're talking about politics and finance coming together.
Speaker 1: I got a lot more. I want to talk about
Speaker 1: the FED raising raids. I want to talk about the
Speaker 1: impact on global UM metrics UM, a lot more to cover.
Speaker 1: Do not go away. I'll be right back, all right,
Speaker 1: welcome back. You are listening to the Markma Show, and
Speaker 1: we're talking about bitcoin of the decentralized revolution. We're talking
Speaker 1: about the intersection of politics and finance and technology together.
Speaker 1: And there's a never ending amount of news coming out
Speaker 1: right now. Now. I've spent a lot of time talking
Speaker 1: about what's going on in Russia and Ukraine and the
Speaker 1: sanctions um, because it's dominating the news headlines. But there's
Speaker 1: a lot more going on. And just that before the break,
Speaker 1: I was talking about how you know inflation has been
Speaker 1: raging on, and what a good way to hide all
Speaker 1: the money printing caused inflation? Then to blame it on
Speaker 1: a war. It's pretty good, pretty good way to do that.
Speaker 1: I saw a headline here it says, uh, like I said,
Speaker 1: rising gas prices from rush of Ukraine conflict will hit
Speaker 1: Angelinos Los Angeleos who can least afford it. Dang gas
Speaker 1: surpast six dollars a gallon if you're in Los Angeles.
Speaker 1: Ain't two good for years? A matter of fact, I
Speaker 1: see six dollars and thirty five cents a gallon in
Speaker 1: Los Angeles. I live in southern California, not l A.
Speaker 1: I haven't filled up my truck recently. Shoot, I'm I'm
Speaker 1: afraid to go. Look now, and it does hit the
Speaker 1: people that UM can least afford it the worst. Right, So,
Speaker 1: if you make a million dollars, the amount of money
Speaker 1: you spend on gas is a small percentage of your
Speaker 1: UM income versus if you make thirty dollars a year.
Speaker 1: And especially what happens with a lot of lower income
Speaker 1: people too, is then they have to commute further because
Speaker 1: they have to go live where it's cheaper. So now
Speaker 1: not only that they're the percentage or the percentage of
Speaker 1: their income they spend on gas is actually probably even
Speaker 1: bigger because of that. UM so interesting way to hide this.
Speaker 1: UM war is never good. I'm not an advocate of war.
Speaker 1: I'm not an advocate of violence and UM Like I said, Uh,
Speaker 1: it's it's all these unintended consequences that are that that
Speaker 1: happened because of this, and uh, you know, none of
Speaker 1: us care about the Russians, and I don't think the
Speaker 1: Russians are mad at the Ukrainians either. It's these leaders.
Speaker 1: We've got to put it where put your put your
Speaker 1: angst where it is needed, not where it's not. Um.
Speaker 1: What's interesting though, is if you look through the news headlines,
Speaker 1: there's a lot of headlines that are trying to really
Speaker 1: tug on our heart strings and really get us, like
Speaker 1: really emotionally involved into this. And I would ask why, like,
Speaker 1: why is it that they're really trying to get everybody involved?
Speaker 1: They want us to back their effort. You know that
Speaker 1: you've probably heard of nationalism, and nationalism is a way where, um,
Speaker 1: it's kind of like you know, I'm sure you know
Speaker 1: plenty of people who are like really into sports, right,
Speaker 1: football or baseball or whatever, and they talk about their
Speaker 1: team and it's and then when they talk about their
Speaker 1: game if they won, it's like we won or we lost.
Speaker 1: It's like you don't even play all right, But people
Speaker 1: get so into their teams, and nationally is kind of
Speaker 1: the same way where they get us so into our country.
Speaker 1: It's us versus them, go America kind of a thing. Um,
Speaker 1: it's not a good situation. I'm not talking about against it,
Speaker 1: but just be aware when you're watching this information of
Speaker 1: which side you're siting on. And like I said, think
Speaker 1: about what these um knock on effects or other other
Speaker 1: effects really are I saw, um, you know, back to
Speaker 1: the Fed raising rates. I was talking about the Feds
Speaker 1: kind of stuck between this rock and a hard place.
Speaker 1: And it seems like they had committed to raising rates
Speaker 1: about seven times they had committed to stopping the taper.
Speaker 1: So what does that mean? So they're pumping money into
Speaker 1: the markets, they're stimulating the markets, and they want to
Speaker 1: start tapering that off, meaning they're not going to stop
Speaker 1: pumping money in, but they were gonna start tapering it,
Speaker 1: meaning cutting back the amount of stimulus they were providing.
Speaker 1: Of course, Um, they said they were going to end
Speaker 1: it by March, which is this month, and that doesn't
Speaker 1: know it's happening. And now they're saying that, um, you know, shoot,
Speaker 1: now because we've sanctioned Russia, Um, there's gonna be a
Speaker 1: lot less dollars going around the banking system and we
Speaker 1: might need to now make more dollars and inject them
Speaker 1: into the system. What an interesting turn of events. And
Speaker 1: now it's looking like, um, the rate hikes and the
Speaker 1: SIMP stimulus could be off the table, because of course
Speaker 1: we need to have that liquidity otherwise. They're warning us
Speaker 1: that this could cause another Lehman style event. If you
Speaker 1: don't know what that means. That goes back to the
Speaker 1: great financial crash of two eight um. Leeman Brothers was
Speaker 1: the first investment bank that went under and then it
Speaker 1: dragged the entire banking system down with it. And so
Speaker 1: they're saying we could see another Lehman style event by
Speaker 1: sanctioning in Russia, it could actually crash the markets unless
Speaker 1: don't worry. Don't worry, don't worry, unless unless the central
Speaker 1: banks can come to your rescue and they can jump
Speaker 1: in and uh, you know, pump the money back up.
Speaker 1: And it's not just the sanction itself that's causing it.
Speaker 1: Other areas are For example, UM, here's the headline says
Speaker 1: Russian money flows through US real estate now. It says
Speaker 1: despite new sanctions, Russians have spent years pouring funds into properties.
Speaker 1: As President Joe Briden Vote vows to punish Russia with
Speaker 1: financial sanctions by seizing yachts, mansions, and other assets, members
Speaker 1: of the real estate community and lawmakers are skeptical about
Speaker 1: how successful he'll be getting access to the money Russians
Speaker 1: have been pouring into real estate for decades. So UM
Speaker 1: kind of on the West coast in UH, in California
Speaker 1: and Washington and Vancouver, you have the China and Ease
Speaker 1: and they've been buying up the West coast, and I
Speaker 1: guess over on the East coast you have the Russians
Speaker 1: that are buying that up. And of course they are right.
Speaker 1: If you live in a country that tells you that
Speaker 1: they're going to freeze your money or seize your money
Speaker 1: or steal your money whenever they want, then you're highly
Speaker 1: motivated to not keep your money there. So if you're
Speaker 1: in China and you know that if you say the
Speaker 1: wrong thing on social media, you say the wrong thing,
Speaker 1: your government could disappear you or freeze your accounts, then
Speaker 1: you're gonna get that money out. You're gonna go buy
Speaker 1: real estate in Vancouver or San Francisco, and you don't
Speaker 1: care if you pay over market value. You don't care.
Speaker 1: If you pay over market value and it drops by,
Speaker 1: you don't care because it's better than the alternative of
Speaker 1: leaving it somewhere where you could lose all of it.
Speaker 1: And the same is true for the Russians as well.
Speaker 1: And so we've been seeing that it says UH at
Speaker 1: a minimum from cases report in the last five years,
Speaker 1: more than two point three billion has been moved into
Speaker 1: US real estate. Wow, So they're saying that it could
Speaker 1: also cause the real estate market to crash. Now, do
Speaker 1: you have a tenfoil hot next to you. Let me
Speaker 1: just go ahead and throw that on for a second.
Speaker 1: Let me explain something to you here. If you go
Speaker 1: back through history, anytime there's a financial crisis, war seems
Speaker 1: to follow. Now we're at a situation. So in President
Speaker 1: Richard Nixon took the United States off of the gold standards.
Speaker 1: So the entire world's currency, we had a one world
Speaker 1: currency was a gold standard. The dollar was backed by gold.
Speaker 1: All the currencies were pegged to the dollar. One. Just
Speaker 1: over fifty years ago, that was severed and we went
Speaker 1: into a free floating currency called a fiat currency. Fiat
Speaker 1: means by decree. In fifty years, since it was no
Speaker 1: longer backed by gold, they have no backing. In fifty years,
Speaker 1: they've created over three sred trillion dollars out of thin air. Now,
Speaker 1: central banks have two tools. They have interest rates and
Speaker 1: they have the money supply, So the interest rates um.
Speaker 1: If they lower interest rates, it encourages people to borrow more,
Speaker 1: which creates money but interest rates are at zero or
Speaker 1: negative in most parts of the world. That tools gone.
Speaker 1: They've created over three d trillion dollars a matter of fact,
Speaker 1: over twenty trillion dollars just in the last eighteen months.
Speaker 1: How much more can they create? And the more they create,
Speaker 1: the more inflation we get. Now, if you and I
Speaker 1: were playing a game like a board game, and now
Speaker 1: I was out of moves, You're out of moves, what
Speaker 1: do we do? Well, we reset the game. The financial
Speaker 1: system has to be reset. Now, this is not a conspiracy.
Speaker 1: Um eighty years ago was reset and onto a gold standard,
Speaker 1: the Breton Woods Agreement, and the I m F is
Speaker 1: now calling for a Breton Woods to What does that mean? Well,
Speaker 1: Breton Woods one was reset in the global financial system.
Speaker 1: Breton was two. Is the same thing. And what a
Speaker 1: better way to blame a crash of the financial system,
Speaker 1: a reset of the finance system, than on a war. Hey,
Speaker 1: the real estate market crashing wasn't our fault. We had
Speaker 1: under control. It was because the Russians right, We had
Speaker 1: everything under control. It was if it wasn't for those
Speaker 1: pesky kids. If you guys, if you guys used to
Speaker 1: watch Scooby Doo if it wasn't for those pesky kids,
Speaker 1: if it wasn't for these pesky Russians, we we had
Speaker 1: everything under control. The markets were fine, but now you know,
Speaker 1: it's all crashed. Now, all these pensioners lost their pensions. Now,
Speaker 1: all these entitlements that we owe, we can't afford to
Speaker 1: pay them anymore. But but it wasn't our fault. We
Speaker 1: had it. We had it. We we were good, we
Speaker 1: were gonna the Fed was gonna give us a soft landing, right,
Speaker 1: But now we can just blame it on the war.
Speaker 1: It's all their fault. Um. The key is that nobody
Speaker 1: should be in charge of manipulating the currency, which is
Speaker 1: of course why we need something like bitcoinity centralized protocol.
Speaker 1: You're listening to the Mark Moa Show, and of course
Speaker 1: that's what we're talking about here, Bitcoin, the decentralized um
Speaker 1: revolution that the world is going through, how it's affecting
Speaker 1: politics and financed, very very interesting. I got a lot
Speaker 1: more to cover, so don't go away. I'll be right back.
Speaker 1: All right, everyone, Welcome back to the Mark ma Show.
Speaker 1: We're talking about the decentralized revolution that we are living
Speaker 1: through we're witnessing right now. Of course, we're talking about
Speaker 1: how this intersects politics, finance, and technology, all three that
Speaker 1: are changing the world as we go through it. I'm
Speaker 1: trying to bring some uh, you know, perspectives and relevance
Speaker 1: to what's going on. And we're talking about some of
Speaker 1: the latest breaking news that's been going on. Of course, um,
Speaker 1: the Russia Ukraine conflict has been front and center for
Speaker 1: the world. But I think more than just looking at that,
Speaker 1: you know, obviously not trying to dissect it from a
Speaker 1: political standpoint, I am no Um, I'm no expert in
Speaker 1: Ukrainian or Russian politics, so I don't really have a
Speaker 1: lot to add there. But I think from a financial standpoint,
Speaker 1: it's pretty interesting to take a look at and then
Speaker 1: to really kind of think about some of these ripple
Speaker 1: effects that are caused by that. I see this article
Speaker 1: it just came out. Economic dangers from Russia's invasion ripple
Speaker 1: across the globe. It says the repercussions are menacing the
Speaker 1: global economy, shaking financial markets, and making life more perilous
Speaker 1: for everyone. And it says, here's a quote from Clay
Speaker 1: Lowry says, we are actually an uncharted territory and if
Speaker 1: you think about it like part of it is because
Speaker 1: the world is so connected together. Um so uh. President
Speaker 1: Biden said that we're going to take away Russia's ability
Speaker 1: to have high tech, high technology, and they he plans
Speaker 1: to do that by um taking away their ability to
Speaker 1: get micro chips or microprocessors. And I saw Taiwan, who
Speaker 1: was a major supplier of those, came out in support.
Speaker 1: And so we stand with Ukraine, we're gonna stop them.
Speaker 1: But like it's interesting if you if you really dig
Speaker 1: into that for a second, it's like, well, okay, we're
Speaker 1: gonna prevent them from getting microchips, um, but where do
Speaker 1: we get the supplies to make the microchips, Like we
Speaker 1: need like rare earth elements and minerals, and like where
Speaker 1: did those come from? Oh, they come from Russia. Uh.
Speaker 1: And Russia gets I think seventy of them from China anyway,
Speaker 1: and China has not come out in favor of any
Speaker 1: type of sanctions. So if we are going to sanction
Speaker 1: Russia from getting chips, then they just sanction us from
Speaker 1: getting supplies we need to make the chips. It's pretty
Speaker 1: interesting how that works. UM. And we found out like
Speaker 1: when the pandemic broke out, UM, shoot almost two years
Speaker 1: ago as when we first had lockdowns. Pretty pretty crazy
Speaker 1: how fast things have gone by. But we saw it
Speaker 1: like in the United States that we couldn't even make
Speaker 1: our own um PPE, like our own face mask and
Speaker 1: stuff like that. It all came from China. We also
Speaker 1: found out that UM back to the rare Earth elements,
Speaker 1: the r E s UM, those are like magnets and
Speaker 1: they go in all kinds of technology today. Right, so
Speaker 1: we put them in UM missile guidance systems, We put
Speaker 1: them in in the consumer electronics as well. But our
Speaker 1: military needs them for the submarines and for the missile
Speaker 1: guidance systems and things like that. And uh, we don't
Speaker 1: have any in the United States. It's we get them
Speaker 1: all from China. And so how could the U S
Speaker 1: sanctioned China? How could the US go to war with
Speaker 1: China if we can't even equip our military without getting
Speaker 1: stuff from China. And so the whole world is really
Speaker 1: really connected together. Now Russia and China have appeared to
Speaker 1: get together against the United States and so UM. I
Speaker 1: suppose that the USA and China could just say, well,
Speaker 1: we're not gonna do business together anymore. But if the
Speaker 1: US didn't buy Chinese products, then China falls apart. And
Speaker 1: sure Russia could just buy from China, but Russia is
Speaker 1: a very very very tiny um economy, so they can't
Speaker 1: really pick up for what the what America would drop off.
Speaker 1: And of course, so if America drops off buying stuff
Speaker 1: from China and China falls, but America can't stop buying
Speaker 1: stuff from China because we need it, and so the
Speaker 1: whole world is very very connected. Um, it's gonna be
Speaker 1: interesting to see how this plays out. I don't really
Speaker 1: have any prediction, although I guess I do say that
Speaker 1: I believe the world is going to be much more decentralized,
Speaker 1: and so we're kind of going to what I've been
Speaker 1: calling they blow off top of centralization. A blowoff top
Speaker 1: is typically used in financial terms. So if you were
Speaker 1: to look at like the dot com boom in stock
Speaker 1: market in the late two thousand's or the bitcoin boom
Speaker 1: in seen um, a blow off top is where the
Speaker 1: markets start to gain so much steam, so much momentum,
Speaker 1: they go into like this parabolic, straight up stage, and
Speaker 1: as it's going up, it just sucks in more, and
Speaker 1: it sucks in more and sucks and more. It makes
Speaker 1: it go up even faster. And at the top of
Speaker 1: that market before it blows off, it gets very volatile,
Speaker 1: meaning it goes up and down, up and down, up
Speaker 1: and down really fast. So when bitcoin was in its
Speaker 1: parabolic run in before it blew off all the way
Speaker 1: from twenty thousand back to three thousand UM, he got
Speaker 1: very volatile. We saw it dropped I think thirty percent
Speaker 1: like every month, which if the stock market drops by
Speaker 1: like three percent, that's a big deal. It dropped by
Speaker 1: thirty every month. They got very volatile at the top.
Speaker 1: And that's exactly what's happening with this peak central as
Speaker 1: a ation, the whole world has become so centralized and
Speaker 1: so connected, and it's gotten faster and faster and faster.
Speaker 1: The more that it's gotten connected, the more it has
Speaker 1: become connected. And I think a lot of people have
Speaker 1: just started just giving everything to the nanny state. Right,
Speaker 1: we don't want to deal with the health care, so
Speaker 1: you just take that over. And we don't want to
Speaker 1: deal with education, so you just take that over. And
Speaker 1: we don't want to care, we don't deal with taking
Speaker 1: care of the poor, so you just take that over.
Speaker 1: And we've we've got to this point of peak centralization,
Speaker 1: and of course, as I said, and a blow off top,
Speaker 1: it's the most volatile at the top. And so that's
Speaker 1: what we're seeing right We're seeing protests happening all around
Speaker 1: the world. People are pushing back, and war is breaking out, etcetera.
Speaker 1: And that's exactly what happened. And it ultimately starts all
Speaker 1: from the money supply. If we chase all of these
Speaker 1: problems down, and we chase them and all the way
Speaker 1: to their base, what we see is it's always the
Speaker 1: money supply, um and it's through creating all this fake
Speaker 1: fiat currency that we've allowed these institutions to get so
Speaker 1: big and get so much power, and it has a
Speaker 1: lot of impact in the other areas that you maybe
Speaker 1: don't think about. There was a headline I saw this
Speaker 1: week that's kind of unrelated to what we've been talking about,
Speaker 1: and it says Amazon to shut its bookstores and other
Speaker 1: shops as its grocery chain expands. And so Amazon set
Speaker 1: on Wednesday it plans to close sixty eight of its
Speaker 1: brick and mortar bookstores, pop ups and shops carrying toys
Speaker 1: and home goods in the United States and Kingdom, ending
Speaker 1: some of its longest running retail experiment. So it's going
Speaker 1: to close all of them all sixty eight if you
Speaker 1: think about Amazon for example. So Amazon, you know, came
Speaker 1: on the scene and it's destroyed small businesses. It's destroyed
Speaker 1: mom and pop shops. Um, and you know, I love Amazon.
Speaker 1: I don't like Amazon, but I use Amazon all the
Speaker 1: time because one, it's cheap too. It's a good way
Speaker 1: to find you know, what I need in three It
Speaker 1: just delivers to my house, you know, same day or
Speaker 1: next day. I lived in Puerto Rico all last year
Speaker 1: and one of the things that I had a problem
Speaker 1: with in Puerto Rico's Amazon Prime takes like two weeks
Speaker 1: to get there, and that was that was difficult to
Speaker 1: get used to. But um, but what Amazon has done
Speaker 1: is all these specialty retailers, all these mom and pop
Speaker 1: shops have gone on a business. Now. Amazon has been
Speaker 1: able to undercut everybody because they're tapped into the money printer.
Speaker 1: So the way that the money printer works is something
Speaker 1: known as the cantilit cantil on effect. The cancel on
Speaker 1: effects says that whoever is the closest to the money
Speaker 1: has the advantage, and as the money trickles down to
Speaker 1: the system. UM it affects people adversely. So UM Amazon
Speaker 1: has been able to grow so big because they have
Speaker 1: access to all this almost free capital. They've been able
Speaker 1: to get all these investment banks to give them money
Speaker 1: right there, through through listing themselves public, et cetera. And
Speaker 1: because they have all this money, they were allowed to
Speaker 1: blow up, get gigantic, and lose money year after year
Speaker 1: after year after year by undercutting all these people. Now,
Speaker 1: as a small business owner, I can't do that. I
Speaker 1: can't run my business that a loss because I don't
Speaker 1: have access to that free money. Right So, they were
Speaker 1: able to run at a loss for years and years
Speaker 1: and years and years and years, putting all these people
Speaker 1: out of business. And now what happens. They just announced
Speaker 1: they're going to close all of their brick and mortar store.
Speaker 1: So all these where they where they opened up, all
Speaker 1: these brick and mortar stores, they probably put small businesses
Speaker 1: out of business around there, and now they're just going
Speaker 1: to pull out. It's a big problem. And the reason
Speaker 1: why I bring that up after I've been talking about Russia,
Speaker 1: Ukraine and sanctions, is because it all goes back to
Speaker 1: problems of the money printer. If it wasn't access to
Speaker 1: unlimited um liquid capital, free money. If you will almost
Speaker 1: then this would never have happened. These are the unintended
Speaker 1: consequences that we've been talking about throughout the day. Hopefully
Speaker 1: that makes sense. And of course, the way that we
Speaker 1: get around it is so that we don't have a
Speaker 1: money printer, so nobody is allowed to create more money
Speaker 1: for themselves, nobody has control over the financial system. That
Speaker 1: is what will lead to a much more free and
Speaker 1: fair world, at least in my opinion. I'd love to
Speaker 1: hear how I'm wrong. Send me a message on Twitter
Speaker 1: at one Mark Moss, I'd love to hear your take
Speaker 1: on it. By the way, you're listening to the Mark
Speaker 1: mo Show, we've been talking about big one of the
Speaker 1: decentralized revolution. We've been talking about the intersection of politics, finance,
Speaker 1: and technology, and I'm just sitting on the sidelines watching
Speaker 1: it all go by and I'm reporting it to you.
Speaker 1: Hopefully that makes sense. Um. Like I said, send me
Speaker 1: a message at one Mark Moss, I'd love to hear
Speaker 1: what you think. And that's what I got for you today.
Speaker 1: Thanks for listening.