WEBVTT - Performing Surgery With a Chainsaw 0:00:00.080 --> 0:00:02.120 Welcome back to another episode of the Mark Moa Show, 0:00:02.120 --> 0:00:05.280 where we talk about the decentralized revolution that is changing 0:00:05.280 --> 0:00:08.480 the world as we know it right before our very eyes. 0:00:08.560 --> 0:00:10.600 Of course, if you know what you're looking at, and 0:00:10.640 --> 0:00:13.119 we do this by looking at through the lens of 0:00:13.240 --> 0:00:17.040 three converging things, politics, finance, and technology, and of course 0:00:17.800 --> 0:00:22.760 it's all being headed up, the catalyst being bitcoin, that's right, 0:00:22.760 --> 0:00:26.200 the decentralized technology. As we talk about that. Now, I 0:00:26.200 --> 0:00:28.640 try to bring to you some education so you can 0:00:28.680 --> 0:00:31.400 understand exactly what's going on in the marketplace today. Try 0:00:31.440 --> 0:00:33.879 to bring to you the latest breaking news so you 0:00:33.880 --> 0:00:36.199 can stay up to date on everything. I want to 0:00:36.200 --> 0:00:38.280 make sure you're prepared for all those conversations you're gonna 0:00:38.280 --> 0:00:41.120 have at those weekend cocktail parties, of course, so you 0:00:41.159 --> 0:00:43.360 look like you're really smart. Don't worry. I got your back. 0:00:43.720 --> 0:00:46.400 And then of course I bring to you some interesting guests. 0:00:46.440 --> 0:00:48.040 You don't have to listen to me talk all the time. 0:00:48.520 --> 0:00:50.680 And right now we are looking at some of the 0:00:50.680 --> 0:00:53.400 biggest pieces of news that came out over the week, 0:00:53.520 --> 0:00:56.279 so you can stay up to date with what's going on. 0:00:57.440 --> 0:01:02.120 And so man, there is there is, there is no 0:01:02.440 --> 0:01:04.640 end to the amount of changes, the amount of news 0:01:04.680 --> 0:01:06.560 that's coming out, the amount of directions that we could 0:01:06.600 --> 0:01:10.480 go by this. But of course, um, it all starts 0:01:10.600 --> 0:01:13.200 with the money. And if we start with the money, 0:01:13.240 --> 0:01:15.840 it starts with the central banks, as those are the 0:01:15.920 --> 0:01:19.200 central planners that plan how much money we have in 0:01:19.240 --> 0:01:20.959 the system. Of course, more money we have, the better 0:01:21.000 --> 0:01:23.440 things are. The less money we have the worst things are. 0:01:23.959 --> 0:01:27.240 Imagine that, right, not not hard to imagine that. And 0:01:27.280 --> 0:01:30.479 of course the central planners, the central banking the United States, 0:01:30.480 --> 0:01:33.440 the Federal Reserve Um headed up by Jerome Powell, has 0:01:33.480 --> 0:01:38.000 been under fire lately. He has been testifying before Congress 0:01:38.040 --> 0:01:39.880 this week. They want to know what the heck he's 0:01:39.920 --> 0:01:46.959 doing to one combat inflation, because inflation is just way 0:01:46.959 --> 0:01:50.320 too high. Apparently they have a target goal of two 0:01:50.320 --> 0:01:52.720 percent inflation, meaning they only want to steal two percent 0:01:52.760 --> 0:01:55.639 in your wealth per year, but they are way over that. 0:01:55.720 --> 0:01:57.760 They couldn't get over that, and now they've gone way 0:01:57.760 --> 0:01:59.880 too far in their up at about eight point six 0:02:00.160 --> 0:02:02.920 in almost nine percent. Of course that's their manipulated number. 0:02:03.200 --> 0:02:07.200 Real numbers probably about seventeen. But while the Federal Reserve 0:02:07.240 --> 0:02:11.400 is trying to bring this under control. They are destroying 0:02:11.639 --> 0:02:15.799 everything else. And so you know, the saying is, when 0:02:15.800 --> 0:02:17.160 all you have the hammer, the whole world looks like 0:02:17.200 --> 0:02:18.880 a nail. And when you're a central bank and all 0:02:18.880 --> 0:02:22.280 you have his money, then the only tool you can 0:02:22.440 --> 0:02:26.679 do to stimulate and slow markets down is money. That's 0:02:26.760 --> 0:02:30.320 that's what they got, and so they can manipulate the 0:02:30.320 --> 0:02:33.280 markets through pulling out the money. The problem is that's 0:02:33.320 --> 0:02:36.799 not a fine too. It's not a finely tuned instrument. 0:02:36.840 --> 0:02:40.240 It's not a scalpel. It's like trying to perform surgery 0:02:40.280 --> 0:02:43.200 with the chainsaw, right, You're just you're just gonna take 0:02:43.200 --> 0:02:44.680 out big chunks. And it just kind of is what 0:02:44.720 --> 0:02:47.120 it is. And so while the FED is trying to 0:02:47.280 --> 0:02:49.920 tame inflation, and again all they have is money, they 0:02:49.919 --> 0:02:52.400 have to pull the punch bowl back. Now they can't 0:02:52.400 --> 0:02:56.680 do it in little strides because they so overreacted trying 0:02:56.680 --> 0:02:58.320 to get the inflation of the inflation is so high. 0:02:58.320 --> 0:03:01.120 They have to do massive, drastic actions to get the 0:03:01.120 --> 0:03:03.800 inflation back down, which is of course they're doing, and 0:03:03.840 --> 0:03:06.840 they're destroying everything in its wake. So what do what 0:03:06.919 --> 0:03:09.320 do I mean by that? Well, if you haven't been 0:03:09.360 --> 0:03:12.760 paying attention it's kind of a complete blood bath out 0:03:12.760 --> 0:03:15.920 there in the markets right now. We have mortgage rates 0:03:15.960 --> 0:03:18.480 in the real estate market have gone up more than 0:03:18.520 --> 0:03:22.399 a hundred percent, and like the last six months, more 0:03:22.440 --> 0:03:26.040 than a hundred more, they've doubled. Interest rates doubled. That's 0:03:26.080 --> 0:03:28.639 insane in in six months. I don't know if we've 0:03:28.680 --> 0:03:32.639 ever seen that much that fast. Um so um. That's 0:03:32.680 --> 0:03:36.560 a that's a that's what's called a leading indicator. When 0:03:36.560 --> 0:03:40.920 interest rates go up, guess what happens. Mortgage applications go down. 0:03:41.000 --> 0:03:43.280 Not as many people apply for mortgages. When you don't 0:03:43.320 --> 0:03:46.960 have as many mortgage applications, guess what happens. Less homes 0:03:47.040 --> 0:03:49.840 get sold. When you have less homes being sold, or 0:03:49.880 --> 0:03:53.520 less buyers of homes, guess what happens. Prices come down. Right, 0:03:53.560 --> 0:03:56.120 So it's a leading indicator that tells us what will happen. Um. 0:03:56.160 --> 0:03:58.080 And so that's what you've got to look forward to. 0:03:58.120 --> 0:04:02.000 What else, Well, we got the markets. We have the Nasdaq, 0:04:02.120 --> 0:04:05.200 which is the index that tracks most of the stock positions. 0:04:05.240 --> 0:04:09.320 The growth the tech positions is down massively. As a 0:04:09.320 --> 0:04:11.760 matter of fact, about over half of the positions are 0:04:11.800 --> 0:04:13.640 down by more than half a lot of the big 0:04:13.720 --> 0:04:19.320 darlians are down six percent, including Shopify. Uh. Including Facebook, 0:04:19.360 --> 0:04:23.320 Facebook's getting smashed um, and so many others are getting 0:04:23.360 --> 0:04:27.000 smashed um tech stocks. Even the SMP five hundred is 0:04:27.320 --> 0:04:30.040 barely hanging on by a threat of course Facebook. As 0:04:30.080 --> 0:04:33.480 in the SMP, it's mostly being propped up by Apple 0:04:34.080 --> 0:04:36.360 that is dealing with its own problems. And most likely 0:04:36.400 --> 0:04:39.320 we'll see the SMP FI gets smashed down. I wouldn't 0:04:39.320 --> 0:04:42.200 be surprised to see that drop. I think we're down 0:04:42.200 --> 0:04:45.520 about twenty from their high right now. Maybe we see 0:04:45.520 --> 0:04:48.840 that get tot off of its high, which is massive. 0:04:49.960 --> 0:04:52.320 Is a bear market, so we're below that, And of 0:04:52.360 --> 0:04:54.600 course that brings me all the way around to where 0:04:54.600 --> 0:04:57.040 I'm trying to get to, which is the cryptocurrency markets. 0:04:57.040 --> 0:04:59.520 And of course the cryptocurrency markets have been completely smashed 0:04:59.560 --> 0:05:05.039 as well. Bitcoin is off about seventy percent from its 0:05:05.080 --> 0:05:09.160 previous all time high so UM, worse than some stocks, 0:05:09.200 --> 0:05:11.960 better than a lot of well known tech stocks UM. 0:05:11.960 --> 0:05:14.560 But either way, it's still down by quite quite a lot. 0:05:14.600 --> 0:05:18.200 And of course the cryptocurrency market overall is down even more, 0:05:18.279 --> 0:05:24.200 with many positions down eight even plus and so UM. 0:05:24.240 --> 0:05:25.800 A lot of people are losing all the money there, 0:05:25.960 --> 0:05:28.760 at least on paper, right. So one of the things 0:05:28.760 --> 0:05:30.320 that that's trying to do is they're trying to alter 0:05:30.360 --> 0:05:33.040 what they call the wealth effect. When your stocks or 0:05:33.040 --> 0:05:35.200 your home losers value even though you're not selling it, 0:05:35.240 --> 0:05:39.480 you just feel less wealthy and so um, you know, 0:05:39.600 --> 0:05:41.960 you made the wealth on paper, you lost the wealth 0:05:42.000 --> 0:05:44.039 on paper, But did you really make or lose anything. 0:05:44.640 --> 0:05:47.919 But of course, um, as these cryptocurrency positions are losing 0:05:47.960 --> 0:05:50.920 massive amounts of value, you have to look into why 0:05:50.920 --> 0:05:53.640 why are they losing value? Well, it's kind of the 0:05:53.720 --> 0:05:56.240 same thing that's happening across all of the markets, and 0:05:56.240 --> 0:06:01.240 it's typically, uh, brought on by something called leverage. That 0:06:01.279 --> 0:06:03.920 means I've used leverage to help me grow. Typically that's 0:06:03.920 --> 0:06:07.040 done through loans, So I've used loans, I've used debt 0:06:07.040 --> 0:06:09.120 to help me grow faster. The problem is, as things 0:06:09.120 --> 0:06:13.479 started going the opposite direction, that leverage helps you lose 0:06:13.520 --> 0:06:16.600 money faster as well. And so that's exactly what's been 0:06:16.600 --> 0:06:19.280 happening in the cryptocurrency space. But it's also been brought 0:06:19.360 --> 0:06:23.200 on by quite a bit of um well, a massive 0:06:23.200 --> 0:06:28.360 amount of mismanagement, and I'm guessing elite for sure, some 0:06:28.520 --> 0:06:31.680 if not quite a bit um fraud on top of that, 0:06:32.520 --> 0:06:35.159 and so um, of course when that happens, uh, you 0:06:35.200 --> 0:06:37.400 know you and I we we certainly can't deal with 0:06:37.440 --> 0:06:40.760 any risk. I mean, imagine if we had risk in 0:06:40.760 --> 0:06:42.640 our lives. So we need the government to step in 0:06:42.680 --> 0:06:45.359 and protect us. Right, hopefully the government can protect us 0:06:45.400 --> 0:06:48.360 from any risk, and that's exactly what they're trying to do. 0:06:48.760 --> 0:06:51.880 Chairman J. Powell from the Federal Reserve says that they 0:06:51.920 --> 0:06:59.480 are tracking crypto market volatility very closely. What does that mean? 0:06:59.720 --> 0:07:02.840 Or try king it very closely? Now? As I just said, 0:07:03.600 --> 0:07:08.160 many of the Wall Street darl and tech stocks shopify, 0:07:08.520 --> 0:07:14.080 peloton Um Square Um. I can't even think of all 0:07:14.120 --> 0:07:16.120 on the top of my head. But they're down way 0:07:16.120 --> 0:07:18.280 more than Bitcoin and as much as most of the 0:07:18.280 --> 0:07:22.640 cryptocurrency space. So is Jerome Powell also iron that is 0:07:22.640 --> 0:07:24.920 he also I in the vaultil in the stock market, 0:07:24.960 --> 0:07:27.400 because he probably should he if he isn't. But it 0:07:27.400 --> 0:07:29.400 says here that Jerome Powell, Chairman of the Federal Reserve, 0:07:29.480 --> 0:07:33.160 told a Senate committee Wednesday that officials at the US 0:07:33.200 --> 0:07:37.000 Central Bank are watching the crypto market closely amid a 0:07:37.120 --> 0:07:40.560 period of heightened voluntility, So of course it's vaulatile. He 0:07:40.640 --> 0:07:43.440 just pulled the punch bowl away. All the markets are crashing, 0:07:43.680 --> 0:07:47.320 including crypto, including the tech stocks and soon to be 0:07:47.440 --> 0:07:51.040 real estate as well. So, um, of course there's heightened volatility. 0:07:51.120 --> 0:07:52.960 You caused it. Thanks so much. It reminds me of 0:07:53.040 --> 0:07:55.200 that Biden sticker on the gas bumps. I caused that. 0:07:55.800 --> 0:08:01.200 Um It says that the impact recent crypto market altility 0:08:01.200 --> 0:08:05.760 on the Fed's operations, including any macroeconomic implications, the FED 0:08:05.880 --> 0:08:07.680 is watching very carefully, but added that the U s. 0:08:07.680 --> 0:08:12.520 Central Bank is quote not really seeing significant macroeconomic implications 0:08:12.560 --> 0:08:15.000 so far. So um he says, Yeah, we're watching it, 0:08:15.040 --> 0:08:17.320 We're paying attention, but look, we don't expect this to 0:08:17.440 --> 0:08:20.720 like be a big problem, right like we have, uh, 0:08:21.360 --> 0:08:25.000 you know what we're seeing the entire you know, Nasdaq 0:08:25.120 --> 0:08:28.720 exchange losing. I think total wealth lost in the globe 0:08:28.760 --> 0:08:32.760 is like twenty three trillion dollars and the crypto market 0:08:32.880 --> 0:08:36.120 makes up like one. So they don't see that as 0:08:36.120 --> 0:08:39.440 being a big risk. Um he says that we're not. 0:08:40.080 --> 0:08:43.120 We're not seeing massive implications for it to be spreading over, 0:08:43.440 --> 0:08:46.840 but we're definitely keep an eye on it as they should. 0:08:47.280 --> 0:08:49.520 The question is when will the FED come off of 0:08:49.559 --> 0:08:53.480 their um position to crash the markets that the quote is, uh, 0:08:53.720 --> 0:08:56.600 the pivot. When will the pivot come? And of course 0:08:56.679 --> 0:08:59.560 we're waiting anxiously for that. But the FED is not 0:08:59.640 --> 0:09:02.880 the only only one trying to tame the markets and 0:09:03.240 --> 0:09:05.760 with with regulation. As a matter of fact, another central 0:09:05.800 --> 0:09:07.400 banks trying to do the same thing. I'm gonna come 0:09:07.440 --> 0:09:09.920 back and talk about that and a whole lot more, 0:09:10.400 --> 0:09:12.480 digging more into the crypto space and some other stuff 0:09:12.480 --> 0:09:17.280 that's happened, including why I like to use the word 0:09:17.280 --> 0:09:19.760 bitcoin not crypto. Um, some stuff that's been going on 0:09:19.800 --> 0:09:21.880 with there that's going to really show you that highlight 0:09:21.960 --> 0:09:23.920 that for you. You're listening to the Mark Moa Show. 0:09:23.920 --> 0:09:27.360 We're talking about the decentralized revolution, talking about cryptocurrency, bitcoin 0:09:28.120 --> 0:09:30.280 and so much more. I'm gonna be back with other 0:09:30.320 --> 0:09:31.840 banks trying to regulate it and more in a minute, 0:09:31.880 --> 0:09:34.240 So don't go away, all right, Welcome back. If you 0:09:34.280 --> 0:09:37.200 are just tuning in, you're listening to the Mark Moss Show, 0:09:37.240 --> 0:09:39.559 and of course we're talking about the decentralized revolution the 0:09:39.559 --> 0:09:42.480 world is going through. We're talking about bitcoin, we're talking 0:09:42.520 --> 0:09:46.760 about cryptocurrencies. We're talking about the central banks. We're talking 0:09:46.800 --> 0:09:48.760 about the central banks. We're talking about the central planners 0:09:48.760 --> 0:09:53.079 trying to centrally plan your life. I don't know how 0:09:53.080 --> 0:09:55.200 you feel about that. I'd like to find out. Hit 0:09:55.240 --> 0:09:58.400 me up on on social media at one Mark Moss 0:09:58.400 --> 0:10:00.120 at the number one Mark Basson. Let me know. How 0:10:00.160 --> 0:10:02.760 does it feel to know that you're not in control 0:10:02.760 --> 0:10:04.760 of your own life, it's being centrally planned by some 0:10:04.800 --> 0:10:07.319 people you don't know, and to land far far away 0:10:07.880 --> 0:10:11.839 that haven't taken any of your input or votes into consideration. 0:10:11.880 --> 0:10:14.760 Because that's exactly what happening, arbitrarily increasing the money supply, 0:10:14.880 --> 0:10:16.719 decreasing the money supply. I was talking about how the 0:10:16.720 --> 0:10:20.640 Federal Reserve is trying to uh, well, they're watching the 0:10:20.720 --> 0:10:23.400 crypto markets to see what's happening. And they are not 0:10:23.480 --> 0:10:25.920 the only central planners, I mean central bankers that are 0:10:25.960 --> 0:10:28.640 doing that. Uh. And we also saw this week the 0:10:28.720 --> 0:10:30.800 e c B, of course, not to be on left, 0:10:30.840 --> 0:10:34.480 undone or outdone, I should say that's the European Central 0:10:34.480 --> 0:10:39.240 Bank and the European Central Bank head calls for separate 0:10:39.280 --> 0:10:43.880 framework to regulate crypto lending. Of course, of course, anything 0:10:43.880 --> 0:10:45.640 we can do for more power and more control. Right, 0:10:46.240 --> 0:10:51.400 So Christine Legarde introduces a Micah two idea m I 0:10:51.600 --> 0:10:55.959 c A to cover issues yet untouched by European regulators. So, 0:10:56.440 --> 0:10:59.680 heaven forbid, there's one part of the economy that the 0:10:59.800 --> 0:11:03.000 you're preen regulators don't have under control. Heaven forbid that, 0:11:03.080 --> 0:11:04.640 let's go ahead and get that under control. That's kind 0:11:04.640 --> 0:11:07.040 of what she's saying here, it says European Central Bank 0:11:07.080 --> 0:11:11.719 ECB President Christine Leguard voiced her conviction on the necessity 0:11:11.720 --> 0:11:16.480 of tighter scrutiny. We must have more control, of course, 0:11:16.559 --> 0:11:19.880 you know, for your safety, right, think about safety on 0:11:19.880 --> 0:11:23.240 a spectrum. So a lion the king of the jungle, right, 0:11:23.320 --> 0:11:26.640 the lion can is the king. It doesn't have any predators. 0:11:26.640 --> 0:11:30.840 It can kill basically whatever it wants. It's free, but 0:11:30.880 --> 0:11:32.600 it's not a it's not a it's not an easy 0:11:32.720 --> 0:11:35.600 life for the lion. Um It's still has to fight 0:11:35.600 --> 0:11:38.280 other lions to protect its space. It's still you know, 0:11:38.360 --> 0:11:41.160 it could get killed by a hunter. It maybe doesn't 0:11:41.200 --> 0:11:43.920 find any food or water, it starves to death. It's free, 0:11:44.000 --> 0:11:47.000 but it's not an easy life. We could take that 0:11:47.520 --> 0:11:50.280 king of the jungle. We could take that majestic lion 0:11:51.000 --> 0:11:53.320 and we could make it safe. We could put it 0:11:53.320 --> 0:11:54.720 in a zoo. We could lock it into a cage, 0:11:54.800 --> 0:11:56.240 never let it out of the cage, and just every 0:11:56.280 --> 0:11:58.160 day slip a little bit of food and water in 0:11:58.160 --> 0:12:01.360 the bowl. And now that lion is safe, but it's 0:12:01.400 --> 0:12:04.360 not free. And so that's the spectrum that we're on. 0:12:05.200 --> 0:12:08.520 And so now they want Christine Lagarde, the ECB president 0:12:08.559 --> 0:12:11.560 wants her. She voiced her conviction on the necessity of 0:12:11.679 --> 0:12:16.560 tighter scrutiny for your protection. Leguard expressed her thoughts not 0:12:16.640 --> 0:12:19.840 only about the looming inflation in Europe and around the 0:12:19.840 --> 0:12:24.120 globe that she caused, but also about the increases it 0:12:24.160 --> 0:12:26.760 didn't say that I had did that, but also about 0:12:26.800 --> 0:12:34.360 the increasing activities of crypto asset staking and lending. In 0:12:34.440 --> 0:12:37.800 Leguard's opinion, she said that they need a major they 0:12:37.800 --> 0:12:42.640 need a major regulatory package known as the Crypto Assets 0:12:42.800 --> 0:12:44.560 m I c A. Now I will bring it to 0:12:44.600 --> 0:12:48.600 your attention in case you aren't aware. Um the guard 0:12:48.600 --> 0:12:50.880 expressed her thoughts not only about the looming inflation. So 0:12:51.840 --> 0:12:54.480 you did that, you printed all the money, you caused 0:12:54.520 --> 0:12:56.680 all the inflation. Thanks for that, and now we have 0:12:56.760 --> 0:12:58.560 to deal with your mistakes, and now you want to 0:12:58.600 --> 0:13:01.040 control us even harder. Now, I do want to point 0:13:01.040 --> 0:13:06.800 out that Christine Legarde, who's here voicing her strong conviction UM, 0:13:06.880 --> 0:13:10.040 who runs the ECB, the European Central Bank, formerly of 0:13:10.080 --> 0:13:13.840 the i m F International Entary Fund, is a convicted criminal. 0:13:15.200 --> 0:13:19.000 She is a convicted criminal, UM, and she's running the 0:13:19.040 --> 0:13:22.000 momentary supply that affects my life, in your life. I 0:13:22.000 --> 0:13:23.439 didn't vote for her. I don't know why she's not 0:13:23.480 --> 0:13:25.880 in prison. I'd like to know that answer. But here 0:13:25.920 --> 0:13:28.080 she is, UM, you know, saying that there's a small 0:13:28.120 --> 0:13:29.920 little part of the market that's not being regulated and 0:13:29.960 --> 0:13:33.240 we should step up, and we we need in her words, uh, 0:13:33.320 --> 0:13:36.680 necessity of tighter scrutiny. We need tighter scrutiny. Of course 0:13:36.760 --> 0:13:40.959 for your protection. Of course, she says, quote innovations and 0:13:41.040 --> 0:13:47.560 these unexplored and uncharted territories put consumers at risk. So UM, 0:13:47.760 --> 0:13:50.800 imagine uh in the United States, you know, moving from 0:13:50.840 --> 0:13:52.800 the East coast to the west coast, moving out west, 0:13:52.840 --> 0:13:55.360 the wild, wild West, and explorers had to set out 0:13:56.120 --> 0:13:59.559 into what did she say, unexplored uncharted territories put consumers 0:13:59.559 --> 0:14:03.560 at risk. Yes, when you venture out into unexplored and 0:14:03.600 --> 0:14:07.640 uncharted territories, yes, you're at risk. Where the sailors leaving 0:14:07.679 --> 0:14:11.079 Spain to find the New World charting unregulated or unexplored 0:14:11.120 --> 0:14:14.160 uncharted territories, were they at risk? Yes? Where the people 0:14:14.200 --> 0:14:17.000 going into space to explore uncharted territories were they at risk? Yes? 0:14:18.600 --> 0:14:21.520 Of course, of course when you go into uncharted and 0:14:21.520 --> 0:14:25.440 explored territories, you're at risk. So what is her solution 0:14:25.920 --> 0:14:29.440 these it's these innovations that cause this. Well, she's on 0:14:29.520 --> 0:14:36.800 record saying, quote, innovation is a threat to our financial stability. 0:14:36.840 --> 0:14:40.440 That's what you said. That's her words. Innovation is a threat. 0:14:40.680 --> 0:14:43.680 Here she says it again, innovations in these unexplored, uncharted 0:14:43.720 --> 0:14:46.000 territories put consumers at risk. So what should we do 0:14:46.600 --> 0:14:49.160 if I mean, heaven forbid, we can't allow people to 0:14:49.200 --> 0:14:52.760 take risk? Were it's our job to protect them? Right? Well? 0:14:52.760 --> 0:14:55.240 No where does it say that, UM is their job 0:14:55.280 --> 0:14:57.880 to protect private property rights, but not to protect us 0:14:57.880 --> 0:14:59.840 from risk. And so um, if they want to put 0:14:59.880 --> 0:15:04.000 us at risk and the risk is coming from exploring 0:15:04.080 --> 0:15:07.200 uncharted territories, which come from innovation, then does that mean 0:15:07.240 --> 0:15:10.760 we have to get rid of the innovation, because that's 0:15:10.760 --> 0:15:14.200 what her other quote said, innovation is a threat. She 0:15:14.320 --> 0:15:16.120 she went on to say here quote where the lack 0:15:16.160 --> 0:15:21.200 of regulation is often covering fraud, completely illegitimate claims about 0:15:21.240 --> 0:15:26.880 valuations and very often, you know, speculation, oh as well 0:15:26.920 --> 0:15:30.800 as criminal dealings end quote, So covering fraud as well 0:15:30.800 --> 0:15:34.680 as criminal dealings. Um, she's the one that's a convicted felon. Well, 0:15:34.840 --> 0:15:36.960 I don't think she's a felon. She's a convicted criminal. 0:15:38.000 --> 0:15:40.480 That's different over in Europe. She's a She's the one 0:15:40.520 --> 0:15:44.680 that's a convicted criminal. Not me. Shouldn't she be the 0:15:44.680 --> 0:15:47.920 one that's regulated. She wants to regulate me. She wants 0:15:47.920 --> 0:15:50.960 to regulate you from being involved in innovations because those 0:15:50.960 --> 0:15:53.840 innovations allow you go to unexplored, uncharted territories, which could 0:15:53.880 --> 0:15:58.440 put you at risk. Heaven forbid, because those those new, 0:15:58.520 --> 0:16:01.800 brand new things could be potentially covering up fraud and 0:16:01.920 --> 0:16:05.480 um and criminal dealions like she participates in. Not me, 0:16:05.840 --> 0:16:07.600 don't put that on me, don't put that on you, 0:16:08.680 --> 0:16:12.200 And she says it's also often, very very often speculation. 0:16:12.320 --> 0:16:16.560 So speculation is most people think of of of investing, 0:16:16.600 --> 0:16:19.680 but most investing is really speculation. It's buying an asset 0:16:19.680 --> 0:16:22.120 thinking that it's gonna go up in value. UM So 0:16:22.200 --> 0:16:27.280 it's gambling. But we're being driven into speculation because they've 0:16:27.280 --> 0:16:30.200 printed so much money. They pushed yields to zero. I 0:16:30.280 --> 0:16:32.920 can't make money on my money anymore. My money is 0:16:32.960 --> 0:16:38.080 losing value so fast. I have to speculate in order 0:16:38.240 --> 0:16:41.520 just to stay even, because if I don't, I lose 0:16:41.520 --> 0:16:44.320 all my wealth. She created that system by running the 0:16:44.320 --> 0:16:46.640 I m F and run the ECB, and now she's 0:16:46.640 --> 0:16:51.240 saying that innovations and exported territories put consumers at risk 0:16:51.280 --> 0:16:54.680 where they're trying to speculate. We're trying to speculate because 0:16:54.720 --> 0:16:56.880 you put us in a situation where we have to speculate. 0:16:56.840 --> 0:17:01.520 It's the only way. It's insane. The the official made 0:17:01.520 --> 0:17:05.160 a separate mention of decentralized finance DeFi, which from her 0:17:05.200 --> 0:17:10.280 point of view, also poses a real risk to financial stability. Yeah, 0:17:10.320 --> 0:17:13.040 because if we create a brand new way for people 0:17:13.080 --> 0:17:16.359 to do loans and get money, then they may not 0:17:16.560 --> 0:17:21.920 need this old, corrupt, incompetent system anymore. Imagine that. UM, 0:17:21.960 --> 0:17:24.960 I am one that believes that good ideas win because 0:17:25.000 --> 0:17:28.960 they're better. That's what competition allows. You want to keep 0:17:29.000 --> 0:17:31.560 the old way great, I'm gonna go try this new way. 0:17:31.560 --> 0:17:33.199 I might found out this new way sucks, and I 0:17:33.240 --> 0:17:34.479 may never go back to this new way. I may 0:17:34.600 --> 0:17:36.440 say that this old, tried, true way is the best way, 0:17:36.480 --> 0:17:38.800 but how do we know that unless we're trying new things. 0:17:39.640 --> 0:17:41.520 But of course they don't want that because it poses 0:17:41.560 --> 0:17:47.320 a real risk to financial stability, she says, convicted criminal. Anyway, 0:17:47.320 --> 0:17:48.680 that's my opinions. Love to here, what do you think 0:17:48.840 --> 0:17:51.040 I'm I got. I got so much more to cover 0:17:51.160 --> 0:17:52.600 that you are going to be blown away. We're gonna 0:17:52.600 --> 0:17:54.840 talk more about cryptocurrency and what some of the biggest 0:17:54.880 --> 0:17:57.760 investors in the space are saying about it, where it's going, 0:17:57.960 --> 0:18:01.360 and some big, big wholes that were explored this week 0:18:01.359 --> 0:18:03.520 that you need to know about that and more. When 0:18:03.560 --> 0:18:05.359 I'm back, you're listening to the Mark Moa show talking 0:18:05.359 --> 0:18:09.600 about this decentralized revolution, talking about bitcoin, talking about cryptocurrencies, 0:18:10.200 --> 0:18:12.280 and covering the biggest news of the week, so you 0:18:12.320 --> 0:18:13.760 know what is going on. I got a whole lot 0:18:13.800 --> 0:18:16.119 to cover when I'm back, So don't go away, all right, 0:18:16.119 --> 0:18:18.200 Welcome back. You are listening to the Mark ma Show 0:18:18.200 --> 0:18:20.920 where we talk about the world that is going through 0:18:20.960 --> 0:18:24.520 this decentralized revolution. Of course we're looking at the lens 0:18:24.640 --> 0:18:28.080 of politics, finance, and technology. Is the pendulum swings from 0:18:28.119 --> 0:18:32.800 centralization to decentralization and is being led by bitcoin technological 0:18:32.840 --> 0:18:38.280 revolution that brings us decentralization. And it's never a dull 0:18:38.280 --> 0:18:40.199 moment in the space. It's a it's a it's a 0:18:40.200 --> 0:18:42.360 new space. It's over a decade old, it's a dozen 0:18:42.440 --> 0:18:45.760 years old, but yet it's still moving so fast. Of course, 0:18:45.960 --> 0:18:47.480 one of the ways that you look at new technology 0:18:47.520 --> 0:18:49.680 is not at the price. You look at it through 0:18:49.760 --> 0:18:52.280 the growth of the network and the development on the network, 0:18:52.280 --> 0:18:54.960 and it's happening very very fast, and so it gives 0:18:55.040 --> 0:18:57.840 us plenty to talk about. But if we're looking at 0:18:57.840 --> 0:19:01.840 the price, unfortunately, um well fortunately fortunately unfortunately. But what's 0:19:01.840 --> 0:19:03.560 how your own Uh, if you hold a lot of 0:19:03.600 --> 0:19:06.600 bitcoin and you're very long, it's unfortunate because the price 0:19:06.680 --> 0:19:09.520 is down currently right now. If you're looking to add 0:19:09.560 --> 0:19:12.040 to your bitcoin position, maybe it's a good thing because 0:19:12.040 --> 0:19:16.720 it's at historical, um, amazing buying opportunities right now. So 0:19:16.760 --> 0:19:18.960 it depends on which way you look at it. But unfortunately, 0:19:20.080 --> 0:19:22.359 one of the keys with investing, I don't care if 0:19:22.400 --> 0:19:24.520 it's real estate or stocks or crypto or whatever. One 0:19:24.520 --> 0:19:29.160 of the keys is never be a forced seller because 0:19:29.240 --> 0:19:32.160 you don't want to sell the oldest, the oldest added 0:19:32.240 --> 0:19:35.840 in in uh in investing. If you can, just if 0:19:35.880 --> 0:19:38.040 you can, just remember this one tip, you're always gonna 0:19:38.040 --> 0:19:41.400 be okay, all right, this is the secret. The secret 0:19:41.400 --> 0:19:43.720 to investing is simple. If you can get this one 0:19:43.800 --> 0:19:45.720 thing right. Okay, do you have a pen? Right this 0:19:45.760 --> 0:19:52.240 down by low and sell high? So simple, right, so simple. 0:19:52.280 --> 0:19:53.480 The problem is you don't know when it's low, and 0:19:53.480 --> 0:19:55.640 you don't know when it's high. You only know when 0:19:55.640 --> 0:19:58.199 the bottom is in when you're looking backwards on it, 0:19:58.240 --> 0:20:00.200 and you only know when it's the top when are 0:20:00.240 --> 0:20:02.919 looking backwards. Otherwise you don't know. So we we know 0:20:02.960 --> 0:20:04.959 when things are cheap or expensive, we don't know when 0:20:04.960 --> 0:20:06.800 they're at the bottom or the top. But you never 0:20:06.800 --> 0:20:10.439 want to be a forced seller because you could be 0:20:10.480 --> 0:20:12.719 forced to sell at the bottom. But remember you're supposed 0:20:12.760 --> 0:20:15.040 to buy at the bottom and then sell it up, 0:20:15.080 --> 0:20:17.320 not not to sell at the bottom. But what happens 0:20:17.400 --> 0:20:20.200 is things go down, you use leverage. Um, you could 0:20:20.280 --> 0:20:22.639 be a forced seller and forced to sell at the bottom. 0:20:22.640 --> 0:20:24.439 You don't want to do that, And that is exactly 0:20:24.480 --> 0:20:28.760 what's been happening with some bitcoin miners. Bitcoin miners had 0:20:28.800 --> 0:20:33.440 to sell their entire May harvest reports say so miners, 0:20:33.480 --> 0:20:35.760 of course, Um. Part of the reason why bitcoin mining 0:20:35.800 --> 0:20:39.040 works so amazingly well is like gold mining, there's a 0:20:39.040 --> 0:20:41.120 true cost of capital. They have to put out real 0:20:41.200 --> 0:20:44.280 money in order to mine that, they have to buy 0:20:44.280 --> 0:20:48.240 the equipment, they have to spend the money in electricity, etcetera. Right, 0:20:48.560 --> 0:20:50.800 and so there's a real cost. And as the price 0:20:50.840 --> 0:20:53.720 of bitcoin has come down, some of the miners aren't 0:20:53.720 --> 0:20:56.200 making as much money as they were making before. Now 0:20:56.200 --> 0:20:58.479 when they're making a lot of money, say they're producing 0:20:58.480 --> 0:21:01.520 bitcoin for you know, a third seen fifteen thousand dollars, 0:21:01.520 --> 0:21:05.280 but bitcoins forty thou Well, they can sell thirty percent 0:21:05.320 --> 0:21:08.120 of their bitcoin and they could break even. But when 0:21:08.119 --> 0:21:12.840 the price of bitcoin is down at they maybe have 0:21:12.880 --> 0:21:15.360