1 00:00:00,040 --> 00:00:02,080 Speaker 1: Hello, and welcome back to another episode of the Mark 2 00:00:02,160 --> 00:00:05,080 Speaker 1: Mos Show where we talk about the decentralized revolution and 3 00:00:05,080 --> 00:00:07,760 Speaker 1: the way the world is changing um from a world 4 00:00:07,840 --> 00:00:13,480 Speaker 1: of centralization, central planning, central banking, to a world of decentralization, 5 00:00:13,520 --> 00:00:15,880 Speaker 1: which means more power and control back into you as 6 00:00:15,880 --> 00:00:19,480 Speaker 1: an individual, as an individual person, getting away from central 7 00:00:19,480 --> 00:00:23,079 Speaker 1: planning to individual planning, away from central banking, and back 8 00:00:23,120 --> 00:00:27,240 Speaker 1: to uh unbanking or independent personal banking. Of course, we 9 00:00:27,240 --> 00:00:31,560 Speaker 1: look at it through the lens of politics, finance, and technology, 10 00:00:32,200 --> 00:00:34,600 Speaker 1: and there are so much going on with all of that, 11 00:00:34,720 --> 00:00:36,640 Speaker 1: so we try to keep up with the flow of 12 00:00:36,680 --> 00:00:38,360 Speaker 1: information so we can see this. I know a lot 13 00:00:38,360 --> 00:00:40,720 Speaker 1: of times I get thousands of messages a week across 14 00:00:40,760 --> 00:00:42,640 Speaker 1: all my social media platforms, which, by the way, if 15 00:00:42,640 --> 00:00:45,080 Speaker 1: you're not following me on social media, please do. You 16 00:00:45,120 --> 00:00:47,480 Speaker 1: can find me at one Mark Moss on most platforms, 17 00:00:48,479 --> 00:00:50,280 Speaker 1: or just go to my website at one Mark Moss 18 00:00:50,280 --> 00:00:53,040 Speaker 1: dot I'm sorry, just one Mark Moss dot com and 19 00:00:53,080 --> 00:00:55,040 Speaker 1: I have all of it listed there. But I get 20 00:00:55,080 --> 00:00:57,240 Speaker 1: thousands of comments a week across my social media. Try 21 00:00:57,280 --> 00:01:00,000 Speaker 1: to get to most of them if I can, um 22 00:01:00,040 --> 00:01:01,800 Speaker 1: not all the ones on YouTube. There's are so many there, 23 00:01:02,280 --> 00:01:04,600 Speaker 1: but I try my best to get to as many 24 00:01:04,640 --> 00:01:06,959 Speaker 1: as I can. And the one thing that I see 25 00:01:07,000 --> 00:01:09,200 Speaker 1: all the time is like, Mark, when is this going 26 00:01:09,280 --> 00:01:13,000 Speaker 1: to happen? When will the dollar lose its status? When 27 00:01:13,040 --> 00:01:16,440 Speaker 1: will the dollar collapse? When will the new system take over? Right? 28 00:01:16,480 --> 00:01:20,959 Speaker 1: And it's not when. It's not a process, it's an event. 29 00:01:23,520 --> 00:01:25,400 Speaker 1: Let me say that again. I said it backwards. Sorry, 30 00:01:25,760 --> 00:01:31,319 Speaker 1: it's it's not at an event, it's a process. What 31 00:01:31,360 --> 00:01:33,840 Speaker 1: do I mean by that? So it's a process, it's 32 00:01:33,880 --> 00:01:36,440 Speaker 1: that it goes for over a long period of time. 33 00:01:37,040 --> 00:01:40,119 Speaker 1: I think it was Mark Twain. Forgive me if I'm 34 00:01:40,120 --> 00:01:42,200 Speaker 1: wrong on this attribution of the quote. But they said, 35 00:01:42,319 --> 00:01:44,240 Speaker 1: how did you go broke? And they said, now, I 36 00:01:44,240 --> 00:01:47,520 Speaker 1: went broke gradually and then suddenly. And so there's like 37 00:01:47,560 --> 00:01:49,840 Speaker 1: this gradually then suddenly kind of a thing. Um. And 38 00:01:49,880 --> 00:01:51,960 Speaker 1: so if you look at the United States dollar took over, 39 00:01:51,960 --> 00:01:54,760 Speaker 1: the took over the reserve status of the world, world's 40 00:01:54,760 --> 00:01:57,280 Speaker 1: reserve status from the pounds sterling a hundred years ago. 41 00:01:58,520 --> 00:02:01,560 Speaker 1: But it didn't happen all at months. It was a process, 42 00:02:01,600 --> 00:02:04,240 Speaker 1: not an event. It took It happened over about a 43 00:02:04,320 --> 00:02:08,040 Speaker 1: forty year period where um the UK just continued to 44 00:02:08,120 --> 00:02:11,720 Speaker 1: destroy their currency by continuing to print more and more money, 45 00:02:11,760 --> 00:02:14,160 Speaker 1: by devaluing it, and to the point where it was 46 00:02:14,240 --> 00:02:16,280 Speaker 1: devalued so much they had to give up all their gold. 47 00:02:16,440 --> 00:02:20,120 Speaker 1: The United States got all the gold and thereby was 48 00:02:20,200 --> 00:02:24,000 Speaker 1: the strongest economy and the strongest currency in the world 49 00:02:24,040 --> 00:02:27,000 Speaker 1: because it was backed by gold, and thereby took over 50 00:02:27,240 --> 00:02:29,600 Speaker 1: as the world's reserve currency. This was a long process, 51 00:02:29,639 --> 00:02:34,120 Speaker 1: a forty year process. Now the pounds to earliest still 52 00:02:34,240 --> 00:02:38,400 Speaker 1: there today, it's still being used. So again it's a process, 53 00:02:38,440 --> 00:02:40,799 Speaker 1: not event, a forty year process before the US dollar 54 00:02:40,919 --> 00:02:43,320 Speaker 1: was kind of recognized as taking over, but it's still 55 00:02:43,360 --> 00:02:45,400 Speaker 1: there today. So when did these things happen? They are 56 00:02:45,520 --> 00:02:49,120 Speaker 1: happening right now, and that's exactly what we're looking at now. Um, 57 00:02:49,120 --> 00:02:50,880 Speaker 1: we look at it the de lens of politics, finance, 58 00:02:50,880 --> 00:02:53,600 Speaker 1: and technology. Those are the three cycles that are converging 59 00:02:53,720 --> 00:02:57,560 Speaker 1: right now. Of course, the technology piece is bitcoin, which 60 00:02:57,600 --> 00:03:00,640 Speaker 1: is this decentralized technology that we need in order to 61 00:03:00,840 --> 00:03:04,800 Speaker 1: really usher in this change that's happening, and it is here, 62 00:03:04,840 --> 00:03:07,800 Speaker 1: and it's happening and it's happening fast. Now. Um. You 63 00:03:07,840 --> 00:03:10,600 Speaker 1: know one thing that we look at when it comes 64 00:03:10,639 --> 00:03:16,760 Speaker 1: to bitcoin, is everybody likes to point to the fact that, um, 65 00:03:16,840 --> 00:03:19,320 Speaker 1: you know, the price of bitcoin is down, how good 66 00:03:19,440 --> 00:03:21,920 Speaker 1: is this asset? If the price is down, it's not 67 00:03:22,000 --> 00:03:24,640 Speaker 1: a good medium of exchange, is too volatile, it's not 68 00:03:24,680 --> 00:03:26,600 Speaker 1: a good store of value because look how far it's 69 00:03:26,600 --> 00:03:29,480 Speaker 1: off of their high. Well, those things are true. Um, 70 00:03:29,480 --> 00:03:31,239 Speaker 1: I can't debate that. Now we can look at the 71 00:03:31,320 --> 00:03:34,560 Speaker 1: nuance of those things. So, for example, bitcoin is holding 72 00:03:34,600 --> 00:03:37,720 Speaker 1: up pretty dangn good considering where other risk assets are, 73 00:03:37,920 --> 00:03:39,920 Speaker 1: so we can we can we can make that argument. 74 00:03:40,560 --> 00:03:44,160 Speaker 1: We could say that, um, it's been certainly a good 75 00:03:44,160 --> 00:03:46,120 Speaker 1: store value if you just zoom out and look over 76 00:03:46,200 --> 00:03:48,440 Speaker 1: like a two year period instead of a six month period. 77 00:03:48,520 --> 00:03:50,240 Speaker 1: So we can pick and choose our periods if we 78 00:03:50,280 --> 00:03:52,360 Speaker 1: want to do that. But ultimately, what I would say 79 00:03:52,400 --> 00:03:54,680 Speaker 1: is that when you're looking at new technologies, especially a 80 00:03:54,760 --> 00:03:58,560 Speaker 1: technological revolution such as bitcoin, you don't want to look 81 00:03:58,600 --> 00:04:00,120 Speaker 1: at the price. I say this all the time we've 82 00:04:00,160 --> 00:04:02,640 Speaker 1: been listening. Thank you for your support, but I've said 83 00:04:02,640 --> 00:04:03,920 Speaker 1: this to you over and over and over. Right, we 84 00:04:04,000 --> 00:04:07,320 Speaker 1: don't look at the price. Imagine when Uber raised money 85 00:04:07,360 --> 00:04:10,360 Speaker 1: to start building out in Silicon Valley, they you know, 86 00:04:10,400 --> 00:04:13,080 Speaker 1: they didn't go public for over a decade, so we 87 00:04:13,120 --> 00:04:15,880 Speaker 1: didn't see the price of Uber changing every day based 88 00:04:15,920 --> 00:04:17,840 Speaker 1: off of this new city picked them up, this city 89 00:04:17,960 --> 00:04:20,360 Speaker 1: banned am etcetera. And so when we're looking at something 90 00:04:20,400 --> 00:04:24,920 Speaker 1: like bitcoin of technological revolution, the price doesn't really give 91 00:04:25,040 --> 00:04:28,920 Speaker 1: us the true data. So what we want to look 92 00:04:28,960 --> 00:04:30,880 Speaker 1: at is two things. We want to look at the 93 00:04:30,920 --> 00:04:33,080 Speaker 1: growth of the network. So when Uber's case, are we 94 00:04:33,080 --> 00:04:34,919 Speaker 1: getting more drivers, are we getting more riders, are we 95 00:04:34,920 --> 00:04:37,640 Speaker 1: getting more cities? That's the growth of the network. And 96 00:04:37,720 --> 00:04:41,200 Speaker 1: we also want to look at the development happening on 97 00:04:41,240 --> 00:04:43,600 Speaker 1: the network. Are they added in new services, Uber eats, 98 00:04:43,600 --> 00:04:45,640 Speaker 1: things like that. And so with Bitcoin we can see 99 00:04:45,640 --> 00:04:47,480 Speaker 1: the same thing. And one of the big talient signs 100 00:04:47,600 --> 00:04:50,360 Speaker 1: is the growth growth of the network. And we saw 101 00:04:50,440 --> 00:04:54,360 Speaker 1: this week that the difficulty gauge of bitcoin rose by 102 00:04:54,520 --> 00:04:58,560 Speaker 1: thirteen and a half percent from the last adjustment roughly 103 00:04:58,720 --> 00:05:01,719 Speaker 1: two weeks ago. What does that mean, Well, that means 104 00:05:01,760 --> 00:05:06,080 Speaker 1: that the bitcoin mining difficulty has surged to an all 105 00:05:06,120 --> 00:05:09,520 Speaker 1: time high. What does that mean? There's more people mining bitcoin, 106 00:05:09,600 --> 00:05:13,599 Speaker 1: the network has grown to a level of all time highs, 107 00:05:13,600 --> 00:05:18,120 Speaker 1: there's more people actively working in the network, and providing 108 00:05:18,200 --> 00:05:20,520 Speaker 1: security to the network than there ever has been before. 109 00:05:20,560 --> 00:05:23,760 Speaker 1: So while the price the US dollar value might be down, 110 00:05:23,839 --> 00:05:26,680 Speaker 1: first of all, if we price bitcoin in Turkish lear, 111 00:05:26,800 --> 00:05:29,000 Speaker 1: for example, the price of bitcoin is actually way up. 112 00:05:30,320 --> 00:05:32,080 Speaker 1: So we have to look at what you're measuring it in. 113 00:05:32,120 --> 00:05:34,320 Speaker 1: If you're measured in US dollars, the prices down. But 114 00:05:34,680 --> 00:05:36,840 Speaker 1: that's the thing we shouldn't really be paying attention to. 115 00:05:37,200 --> 00:05:38,760 Speaker 1: If we're trying to zoom out and see what's what 116 00:05:38,960 --> 00:05:40,200 Speaker 1: going on, we want to look at the growth of 117 00:05:40,240 --> 00:05:43,840 Speaker 1: the network, and we can see that it has grown massive. 118 00:05:43,839 --> 00:05:46,120 Speaker 1: As a matter of fact, the current network hash rate, 119 00:05:46,200 --> 00:05:48,760 Speaker 1: this is the amount of power that all the computers 120 00:05:48,760 --> 00:05:51,599 Speaker 1: are using to secure the network is UM is two 121 00:05:51,720 --> 00:05:56,120 Speaker 1: hundred and fifty seven million terror hashes per second and 122 00:05:56,279 --> 00:05:59,480 Speaker 1: last this time last year it was around a hundred 123 00:05:59,480 --> 00:06:02,640 Speaker 1: and forties. Went from one forty to two fifty seven 124 00:06:02,960 --> 00:06:07,320 Speaker 1: in twelve months. That is a massive rise in power, 125 00:06:08,040 --> 00:06:12,719 Speaker 1: participation and security on the bitcoin network. Now, UM this 126 00:06:12,839 --> 00:06:15,200 Speaker 1: difficulty adjustment, what does that mean? So what it means 127 00:06:15,279 --> 00:06:19,560 Speaker 1: is that right now, UM there's way more people mining bitcoin, 128 00:06:19,640 --> 00:06:22,640 Speaker 1: bringing new bitcoin in the space. And so what happens 129 00:06:22,680 --> 00:06:24,560 Speaker 1: is it adjust the difficulty so what do I mean 130 00:06:24,600 --> 00:06:27,320 Speaker 1: by that? So if the price of gold shot up, 131 00:06:27,360 --> 00:06:30,280 Speaker 1: you know it's whatever sixteen hundred bucks anounce today, let's 132 00:06:30,279 --> 00:06:32,520 Speaker 1: say it went up to ten thousand announced, a lot 133 00:06:32,600 --> 00:06:34,560 Speaker 1: more people would go to Mind gold. There would be 134 00:06:34,640 --> 00:06:36,560 Speaker 1: gold mines popping up all over the world, new equipment, 135 00:06:36,600 --> 00:06:38,159 Speaker 1: bringing as much gold as they could out of the ground, 136 00:06:38,160 --> 00:06:42,920 Speaker 1: and that would increase the new supply of gold really fast. 137 00:06:42,920 --> 00:06:45,839 Speaker 1: That would create inflation. But with bitcoin, it's different. If 138 00:06:45,839 --> 00:06:48,599 Speaker 1: bitcoin jumps from its price today of a roughly twenty 139 00:06:49,320 --> 00:06:51,640 Speaker 1: and say it went to a hundred thousand like that, 140 00:06:52,080 --> 00:06:54,720 Speaker 1: more people could jump in mind, but there would be 141 00:06:54,839 --> 00:06:58,720 Speaker 1: no new bitcoin, no additional bitcoin coming out. It would 142 00:06:58,720 --> 00:07:01,560 Speaker 1: just it's just how much big going to split between 143 00:07:01,760 --> 00:07:04,240 Speaker 1: the people that are there. So that's the difficulty adjustment. 144 00:07:04,320 --> 00:07:08,280 Speaker 1: So about every two weeks it adjust that number, the ratio, 145 00:07:08,440 --> 00:07:11,360 Speaker 1: the percentage of what people get. And so what happens 146 00:07:11,400 --> 00:07:13,520 Speaker 1: is now people are making less and less money because 147 00:07:13,520 --> 00:07:16,400 Speaker 1: there's so many people doing it right, it's grown. So 148 00:07:16,400 --> 00:07:18,280 Speaker 1: what happens is the people that aren't profitable to say 149 00:07:18,280 --> 00:07:20,400 Speaker 1: they're paying you know, ten cents for their power, they 150 00:07:20,480 --> 00:07:22,640 Speaker 1: have to turn their machines off and when they turn 151 00:07:22,680 --> 00:07:24,960 Speaker 1: their machines off, that's more bitcoin for the rest of 152 00:07:25,000 --> 00:07:27,560 Speaker 1: the miners. And then let's say the price keeps dropping, well, 153 00:07:27,560 --> 00:07:30,240 Speaker 1: the next batch of unprofitable miners have to drop off, 154 00:07:30,480 --> 00:07:32,600 Speaker 1: and the people that are left get more of it, 155 00:07:32,840 --> 00:07:34,800 Speaker 1: and so forth. And also that it works in opposite 156 00:07:34,840 --> 00:07:37,160 Speaker 1: and so as more people jump in, they get less 157 00:07:37,160 --> 00:07:39,400 Speaker 1: of it. It works the same way, which is why 158 00:07:39,840 --> 00:07:43,640 Speaker 1: this week we saw Senator Senator H. Warren Elizabeth Warren 159 00:07:44,120 --> 00:07:48,480 Speaker 1: leads a congressional groups probe into bitcoin mining mining energy 160 00:07:48,520 --> 00:07:54,760 Speaker 1: in Texas. Imagine a group of of Democratic lawmakers from Washington, 161 00:07:54,840 --> 00:07:58,160 Speaker 1: d C. Senator Senator Senator Elizabeth Warren is from Massachusetts. 162 00:07:58,200 --> 00:08:01,320 Speaker 1: Imagine them going to Texas trying to tell Texas how 163 00:08:01,360 --> 00:08:05,640 Speaker 1: to handle their power. Texas is not on the global grid. 164 00:08:05,680 --> 00:08:07,920 Speaker 1: They have their own internal grid. So the fact that 165 00:08:07,960 --> 00:08:10,160 Speaker 1: they're going to go there and try and demand the 166 00:08:10,200 --> 00:08:13,320 Speaker 1: Texas answers to them is pretty funny. But really the 167 00:08:13,360 --> 00:08:16,760 Speaker 1: whole thing behind it is is uh. It just shows 168 00:08:16,800 --> 00:08:19,760 Speaker 1: that a lack of knowledge of what they're even talking about. 169 00:08:20,600 --> 00:08:25,240 Speaker 1: Um they say that they express concerns that bitcoin's mining 170 00:08:25,440 --> 00:08:30,440 Speaker 1: enormous demand for energy is straining the state's grid adversely 171 00:08:30,480 --> 00:08:35,120 Speaker 1: impacting consumers and climate goal. So bitcoin has to have 172 00:08:35,280 --> 00:08:40,040 Speaker 1: the cheapest power available. So bitcoin can't compete for customers. 173 00:08:40,200 --> 00:08:42,960 Speaker 1: It can't participate in California, where it has to compete. 174 00:08:43,040 --> 00:08:45,320 Speaker 1: It has to go where there's cheap power. Why is 175 00:08:45,360 --> 00:08:48,840 Speaker 1: their cheap power in some places because there's surplus, there's 176 00:08:48,960 --> 00:08:51,440 Speaker 1: energy being created that's not being used, and that's one 177 00:08:51,440 --> 00:08:55,960 Speaker 1: of the reasons why Texas has picked up so much energy. 178 00:08:56,280 --> 00:08:59,360 Speaker 1: And so again we can see that this is growing 179 00:08:59,400 --> 00:09:02,080 Speaker 1: in a rapid We can see that the network has growing, 180 00:09:02,080 --> 00:09:04,079 Speaker 1: we can see the development is growing on the network. 181 00:09:05,320 --> 00:09:07,640 Speaker 1: And so instead of being focused on the US dollar 182 00:09:07,800 --> 00:09:11,080 Speaker 1: valuation price, we want to stay focused on those two things, 183 00:09:11,080 --> 00:09:12,760 Speaker 1: the growth of network and the development on the network. 184 00:09:13,240 --> 00:09:15,040 Speaker 1: You're listening to the Mark Ma Show. We're talking about 185 00:09:15,080 --> 00:09:17,760 Speaker 1: the decentralized revolution, the way the world is changing from 186 00:09:17,800 --> 00:09:21,200 Speaker 1: world of centralization to decentralization through the lens of politics, finance, 187 00:09:21,280 --> 00:09:24,000 Speaker 1: and technology. I got a big show. I got a 188 00:09:24,040 --> 00:09:27,160 Speaker 1: lot of signposts that we're looking at to show us 189 00:09:27,200 --> 00:09:29,840 Speaker 1: what's happening. I'm gonna try and get through them all. 190 00:09:29,880 --> 00:09:32,400 Speaker 1: I'll be back in a minute. Don't go away, all right, 191 00:09:32,400 --> 00:09:34,320 Speaker 1: Welcome back. You are listening to the Mark ma Show. 192 00:09:34,320 --> 00:09:37,440 Speaker 1: We're talking about the decentralized revolution, the way the world 193 00:09:37,559 --> 00:09:40,720 Speaker 1: is swinging from centralization to decentralization, and we're just looking 194 00:09:40,760 --> 00:09:43,640 Speaker 1: through the signpost that we see. Um. You know, if 195 00:09:43,679 --> 00:09:45,439 Speaker 1: you've been with me for the entire show, I was 196 00:09:45,480 --> 00:09:48,680 Speaker 1: talking about inflation. This week, the new inflation numbers came out. 197 00:09:49,080 --> 00:09:50,280 Speaker 1: I want to look at it from a little bit 198 00:09:50,280 --> 00:09:52,240 Speaker 1: of a different angle because what we're looking at is 199 00:09:52,280 --> 00:09:56,320 Speaker 1: the breakdown of both Paul of of of three things, politics, finance, 200 00:09:56,320 --> 00:09:58,640 Speaker 1: and then of course technology is the catalyst that change that. 201 00:09:59,040 --> 00:10:01,600 Speaker 1: And the financial system is breaking down, the political system 202 00:10:01,600 --> 00:10:03,040 Speaker 1: is breaking down. We're gonna look at both of those 203 00:10:03,080 --> 00:10:05,520 Speaker 1: things some big signposts that happened. But um I was 204 00:10:05,559 --> 00:10:07,440 Speaker 1: talking about earlier. I'm not going to dig super deep 205 00:10:07,440 --> 00:10:10,320 Speaker 1: into it. Go back and catch out the podcast The 206 00:10:10,320 --> 00:10:13,760 Speaker 1: Markmas Show, just on your favorite podcast player or Market 207 00:10:13,800 --> 00:10:15,720 Speaker 1: Disruptors on YouTube if you want to watch me and 208 00:10:15,760 --> 00:10:17,400 Speaker 1: listen to me at the same time. But we talked 209 00:10:17,400 --> 00:10:20,960 Speaker 1: about how the new CPI Consumer Price UM index. The 210 00:10:21,000 --> 00:10:23,400 Speaker 1: prices went back up again. As a matter of fact, 211 00:10:23,679 --> 00:10:27,319 Speaker 1: it went up UM much higher than expected, search to 212 00:10:27,400 --> 00:10:30,760 Speaker 1: more than eight point two percent, and you know, the 213 00:10:30,840 --> 00:10:33,520 Speaker 1: core CPI strips out the food and energy, which is 214 00:10:33,520 --> 00:10:35,800 Speaker 1: crazy because those are the two things that we need 215 00:10:35,800 --> 00:10:39,439 Speaker 1: the most. But even with stripping those things out, we 216 00:10:39,520 --> 00:10:44,599 Speaker 1: still went up at the highest rate since nineteen, surpassing 217 00:10:44,640 --> 00:10:46,880 Speaker 1: the recent six point four percent highs that we hit 218 00:10:46,880 --> 00:10:51,720 Speaker 1: in February. In March, now, even worse than that is 219 00:10:51,760 --> 00:10:54,920 Speaker 1: that economists had expected the rate increased to be much 220 00:10:55,160 --> 00:10:58,240 Speaker 1: much less than it was. But what we're seeing now, 221 00:10:58,559 --> 00:11:01,480 Speaker 1: the monthly figures show that it's acts accelerating, and of 222 00:11:01,480 --> 00:11:04,640 Speaker 1: course the photo reserve is trying to decelerate. The photo 223 00:11:04,679 --> 00:11:06,200 Speaker 1: reserve is trying to tackle it and trying to get 224 00:11:06,200 --> 00:11:09,480 Speaker 1: it back down to two percent, but instead it's going 225 00:11:09,559 --> 00:11:14,000 Speaker 1: back up. It's a big problem now. The news sent 226 00:11:14,120 --> 00:11:18,079 Speaker 1: the stock futures price plunging right the investors um revised 227 00:11:18,080 --> 00:11:21,600 Speaker 1: their views of what the feds next moves will be. 228 00:11:22,000 --> 00:11:24,440 Speaker 1: So everybody's waiting for this pivot. The pivot, the pivot 229 00:11:24,440 --> 00:11:26,640 Speaker 1: when with the Feds stop raising rates, When with the 230 00:11:26,640 --> 00:11:30,000 Speaker 1: peds the Fed start easing the monetary supply again, And 231 00:11:30,040 --> 00:11:33,600 Speaker 1: so we're waiting for this move. And everybody thought that maybe, 232 00:11:33,960 --> 00:11:38,200 Speaker 1: just maybe, if we started seeing the inflation numbers come down, 233 00:11:38,280 --> 00:11:41,079 Speaker 1: they would pivot sooner than later, maybe this year. I 234 00:11:41,120 --> 00:11:44,240 Speaker 1: was thinking maybe this year, but it looks like, based 235 00:11:44,240 --> 00:11:46,040 Speaker 1: off of this new data that came out, this is 236 00:11:46,120 --> 00:11:49,079 Speaker 1: probably not going to be the case. But let's talk 237 00:11:49,080 --> 00:11:50,720 Speaker 1: about it from a different angle than I've already talked 238 00:11:50,720 --> 00:11:52,679 Speaker 1: about it from before. So what does what does this mean? 239 00:11:52,760 --> 00:11:54,720 Speaker 1: What means lots of things, right, we could sit here 240 00:11:54,720 --> 00:11:56,120 Speaker 1: and talk about all the different angles and all the 241 00:11:56,120 --> 00:11:58,280 Speaker 1: things that it means. But one of the things that 242 00:11:58,360 --> 00:12:07,200 Speaker 1: it means is that because cp I has been revised up, um, 243 00:12:07,240 --> 00:12:10,280 Speaker 1: what it means is that the cost of living goes up. 244 00:12:10,840 --> 00:12:12,880 Speaker 1: We've talked about that. I'm not gonna take super deep 245 00:12:12,920 --> 00:12:16,200 Speaker 1: into that, but the cost of you, um, having to 246 00:12:16,240 --> 00:12:18,920 Speaker 1: buy gas for your car or food for your grocery 247 00:12:18,920 --> 00:12:22,120 Speaker 1: carts has gone up. Your cost of living has gone up. Now, 248 00:12:22,559 --> 00:12:25,360 Speaker 1: part of the thing that the BLS does by providing 249 00:12:25,400 --> 00:12:28,240 Speaker 1: this number, the CPI data number, is it shows the 250 00:12:28,280 --> 00:12:32,720 Speaker 1: cost of living, which then the Social Security Administration uses 251 00:12:33,280 --> 00:12:37,360 Speaker 1: to decide how much money do distribute out to Social 252 00:12:37,400 --> 00:12:42,800 Speaker 1: Security recipients. And this is a big deal and it 253 00:12:42,880 --> 00:12:45,320 Speaker 1: might be a big problem. And so what we're talking 254 00:12:45,320 --> 00:12:49,000 Speaker 1: about is that sociecurity payments are now set for a 255 00:12:49,120 --> 00:12:52,240 Speaker 1: really really really big increase, and so it looks like 256 00:12:52,360 --> 00:12:55,800 Speaker 1: tens of millions of Americans on SO security are about 257 00:12:55,840 --> 00:12:59,800 Speaker 1: to get what maybe the biggest rays of their lifetime. 258 00:13:00,640 --> 00:13:02,240 Speaker 1: All Right, it says the US government is said to 259 00:13:02,280 --> 00:13:05,480 Speaker 1: announce how big a percentage increased SO security beneficiaries will 260 00:13:05,520 --> 00:13:10,120 Speaker 1: see in monthly payments this upcoming year. It's certain to 261 00:13:10,320 --> 00:13:14,560 Speaker 1: be the largest in four decades. So the largest raise 262 00:13:14,679 --> 00:13:18,600 Speaker 1: pay raise that these SoC security beneficiaries get. Now, there's 263 00:13:18,640 --> 00:13:21,679 Speaker 1: plenty of controversy companies that move, it says UM, known 264 00:13:21,720 --> 00:13:25,199 Speaker 1: as a cost of living adjustment or COLA c o 265 00:13:25,360 --> 00:13:27,800 Speaker 1: L a cost of living adjustment. Now, critics say the 266 00:13:27,840 --> 00:13:30,480 Speaker 1: data of the government uses to set the increase doesn't 267 00:13:30,520 --> 00:13:34,800 Speaker 1: reflect what older Americans are actually spending and thus the 268 00:13:34,840 --> 00:13:38,520 Speaker 1: inflation they're actually feeling. Yes, we've talked about extensively over 269 00:13:38,559 --> 00:13:41,720 Speaker 1: and over and over how manipulated that number is. So yes, 270 00:13:41,760 --> 00:13:44,959 Speaker 1: it doesn't really doesn't really reflect what they're paying. So 271 00:13:45,320 --> 00:13:48,400 Speaker 1: many of the tricks they do. So for example, they 272 00:13:48,400 --> 00:13:55,400 Speaker 1: have something UM that basically adjusted by by swapping out items, 273 00:13:55,400 --> 00:13:58,280 Speaker 1: so UM, you know, the cost of living index, the 274 00:13:58,280 --> 00:14:02,000 Speaker 1: CPI used to include steak and now it just includes hamburger. 275 00:14:02,080 --> 00:14:04,640 Speaker 1: You still get meat, and so thereby, since we went 276 00:14:04,679 --> 00:14:07,280 Speaker 1: from steak to hamburger. Um, the price that didn't go up. 277 00:14:07,320 --> 00:14:09,600 Speaker 1: As a matter of fact, it went down. Um. They 278 00:14:09,600 --> 00:14:12,000 Speaker 1: also do something based off of performance. So let's say 279 00:14:12,000 --> 00:14:17,000 Speaker 1: that they changed gasoline and now gasoline is supposed to 280 00:14:17,000 --> 00:14:20,840 Speaker 1: be cleaner or more fuel efficient. They'll say, well, because 281 00:14:21,000 --> 00:14:24,160 Speaker 1: the performance went up in the gasoline, we're not going 282 00:14:24,200 --> 00:14:27,840 Speaker 1: to include the cost of it going up. Because your 283 00:14:27,840 --> 00:14:31,520 Speaker 1: computer got more powerful. Um, we're not going to count 284 00:14:31,520 --> 00:14:36,240 Speaker 1: the cost increase of the computer, which is insane because 285 00:14:36,880 --> 00:14:38,720 Speaker 1: we still have to put the money out. Our cost 286 00:14:38,760 --> 00:14:41,360 Speaker 1: of living still went up. There's lots of controversies. I 287 00:14:41,560 --> 00:14:44,960 Speaker 1: spend an entire show talking about all of that, and 288 00:14:45,040 --> 00:14:47,120 Speaker 1: I will if you want me to, So hit me 289 00:14:47,160 --> 00:14:49,120 Speaker 1: up on social media at one Mark Moss and let 290 00:14:49,120 --> 00:14:51,520 Speaker 1: me know if you think I should. Um. But we 291 00:14:51,560 --> 00:14:53,880 Speaker 1: can see that, as they're saying, lots of controversy because 292 00:14:53,880 --> 00:14:57,240 Speaker 1: it doesn't reflect what people are actually spending. And also 293 00:14:57,280 --> 00:15:00,360 Speaker 1: because the increase is a one size fits all, which 294 00:15:00,360 --> 00:15:03,680 Speaker 1: means beneficiaries get the same rays regardless of where they live. 295 00:15:04,480 --> 00:15:07,600 Speaker 1: So for example, if you live in southern California, that 296 00:15:07,680 --> 00:15:10,280 Speaker 1: pay raise may not be near enough. Then it would 297 00:15:10,280 --> 00:15:13,000 Speaker 1: be if you lived in South Dakota or something like that, 298 00:15:13,200 --> 00:15:17,480 Speaker 1: or Kansas right or another country. Now. I've been doing 299 00:15:17,480 --> 00:15:21,560 Speaker 1: a lot of work with international diversification as recently speaking 300 00:15:21,560 --> 00:15:24,400 Speaker 1: at the Nomad Capitalist event down in Mexico City, and 301 00:15:24,440 --> 00:15:26,320 Speaker 1: I can tell you that if you're if you're on 302 00:15:26,360 --> 00:15:29,360 Speaker 1: Social Security and your budget is tight, you might want 303 00:15:29,360 --> 00:15:32,080 Speaker 1: to consider moving out of the country. You can move 304 00:15:32,160 --> 00:15:36,200 Speaker 1: to Turkey, you can move to Columbia, you can move 305 00:15:36,240 --> 00:15:41,280 Speaker 1: to Brazil, and you could have a ten x quality 306 00:15:41,280 --> 00:15:44,280 Speaker 1: of your life for less money than you pay now. 307 00:15:44,840 --> 00:15:46,680 Speaker 1: You can have a full time cook and a full 308 00:15:46,720 --> 00:15:48,880 Speaker 1: time cleaner, and a full time show fore and a 309 00:15:48,880 --> 00:15:53,320 Speaker 1: beautiful house for like two thousand dollars a month. So 310 00:15:53,320 --> 00:15:58,120 Speaker 1: you're so Security would go much further. UM. So, anyway, 311 00:15:58,160 --> 00:15:59,920 Speaker 1: payments are going to go up, which is a good 312 00:16:00,040 --> 00:16:02,000 Speaker 1: Which is good if you're on SO Security. I mean, 313 00:16:02,200 --> 00:16:04,480 Speaker 1: everybody wants more money. Sure, UM, it looks like those 314 00:16:04,480 --> 00:16:09,080 Speaker 1: payments will begin probably in about January. UM they'll be permanent. UM. Now, 315 00:16:09,280 --> 00:16:12,560 Speaker 1: since the year two thousand, the typical increase has been 316 00:16:12,560 --> 00:16:15,320 Speaker 1: about two two and a half percent. But now with 317 00:16:15,400 --> 00:16:17,640 Speaker 1: the numbers of inflation, it looks like that's going to 318 00:16:17,720 --> 00:16:22,200 Speaker 1: be four more five more, which is gonna be a 319 00:16:22,240 --> 00:16:25,080 Speaker 1: pretty big deal. But what does this mean in bigger sense? 320 00:16:25,560 --> 00:16:28,480 Speaker 1: All right, this is pretty interesting. So if you haven't 321 00:16:28,480 --> 00:16:30,560 Speaker 1: been paying attention, you probably should. Is something I kind 322 00:16:30,560 --> 00:16:33,480 Speaker 1: of pay attention to because I'm you know, I've paid 323 00:16:33,480 --> 00:16:35,440 Speaker 1: into SO security in my whole life. At some point 324 00:16:35,440 --> 00:16:36,880 Speaker 1: maybe I'd want to pull out of it. But it 325 00:16:36,920 --> 00:16:40,240 Speaker 1: looks like, um, so security is set to run out 326 00:16:40,280 --> 00:16:47,000 Speaker 1: by four four that's twelve years from now. So that 327 00:16:47,000 --> 00:16:48,920 Speaker 1: means that there's probably not gonna be any SO security 328 00:16:48,920 --> 00:16:50,920 Speaker 1: by the time I get to the age in time 329 00:16:50,960 --> 00:16:54,880 Speaker 1: to start drawing from that, and so it's already set 330 00:16:54,920 --> 00:16:57,920 Speaker 1: to this was this was actually in February of this year. 331 00:16:58,200 --> 00:17:00,280 Speaker 1: Um they said it's gonna set to run out. Now 332 00:17:00,320 --> 00:17:02,440 Speaker 1: they're going to have to pay out even more money, 333 00:17:02,680 --> 00:17:06,080 Speaker 1: which means they're going to run out even sooner. That's 334 00:17:06,080 --> 00:17:09,720 Speaker 1: a big problem. So of course there's plenty of reasons 335 00:17:09,720 --> 00:17:11,720 Speaker 1: why they would to manipulate the numbers to keep this 336 00:17:11,960 --> 00:17:14,639 Speaker 1: security number down. The cost of living increases down, so 337 00:17:14,640 --> 00:17:16,040 Speaker 1: they have to pay up more money. So they don't 338 00:17:16,119 --> 00:17:18,760 Speaker 1: run out even faster than they were what they were 339 00:17:18,760 --> 00:17:21,280 Speaker 1: planning on. That's gonna be a big problem. So if 340 00:17:21,280 --> 00:17:23,520 Speaker 1: you're planning on so security um in the next you know, 341 00:17:23,560 --> 00:17:27,120 Speaker 1: after twelve years from now, you should probably adjust what 342 00:17:27,160 --> 00:17:30,520 Speaker 1: you're doing to come up with plan b um because 343 00:17:30,560 --> 00:17:34,080 Speaker 1: it's gonna be a big problem. And what's what's exaggerating 344 00:17:34,080 --> 00:17:36,680 Speaker 1: the problem is also the ability to even earn any 345 00:17:36,720 --> 00:17:40,760 Speaker 1: money with interest rates so low, um, the economy crashing um, 346 00:17:40,800 --> 00:17:42,840 Speaker 1: and so forth. It's gonna be a big problem anyway. 347 00:17:42,880 --> 00:17:44,680 Speaker 1: That's it was so security Um. You're listening to the 348 00:17:44,720 --> 00:17:47,800 Speaker 1: Mark Ball Show, we're talking about the decentralized revolution. We 349 00:17:47,800 --> 00:17:50,560 Speaker 1: were just talking about how this centrally planned system that 350 00:17:50,600 --> 00:17:53,240 Speaker 1: we have created by the follower reserve and so security 351 00:17:53,240 --> 00:17:55,480 Speaker 1: and all that, it is coming to an end. It's 352 00:17:55,480 --> 00:17:58,280 Speaker 1: coming to an end. Um that may be dooming gloom 353 00:17:58,320 --> 00:18:00,880 Speaker 1: for some people. But I'd rather know than not know. Um. 354 00:18:00,960 --> 00:18:03,560 Speaker 1: We're looking at typically through the lens of politics, finance, 355 00:18:03,640 --> 00:18:06,679 Speaker 1: and technology. I have a lot more to go up 356 00:18:06,840 --> 00:18:09,320 Speaker 1: in those three subjects. When I come back in a minute, 357 00:18:09,320 --> 00:18:11,000 Speaker 1: I'm gona take a quick break, but I'll be back. 358 00:18:11,040 --> 00:18:13,240 Speaker 1: You don't want to miss what's coming up next. So 359 00:18:13,600 --> 00:18:16,119 Speaker 1: you're back, all right, welcome back. You are listening to 360 00:18:16,240 --> 00:18:19,320 Speaker 1: the Markma Show. We're talking about the decentralized revolution. The 361 00:18:19,320 --> 00:18:23,119 Speaker 1: way the world is changing right now. Now it's clear 362 00:18:23,560 --> 00:18:25,520 Speaker 1: if you're living in this world, you know it's changing. 363 00:18:25,560 --> 00:18:27,480 Speaker 1: The world as we are going into is not the 364 00:18:27,480 --> 00:18:30,320 Speaker 1: one we've left behind. And we know that when we 365 00:18:30,359 --> 00:18:32,239 Speaker 1: look back through thousands of years of history, we can 366 00:18:32,280 --> 00:18:36,080 Speaker 1: see these cycles change the world, ebbs and flows, and 367 00:18:36,080 --> 00:18:39,320 Speaker 1: we're moving from a period of centralization, central plan or 368 00:18:39,440 --> 00:18:44,120 Speaker 1: central government, central banking into a world of decentralization. Of course, 369 00:18:44,119 --> 00:18:46,680 Speaker 1: we look at through the lens of politics, finance, and technology, 370 00:18:47,119 --> 00:18:50,320 Speaker 1: and we can see that this uh, the end of 371 00:18:50,359 --> 00:18:53,520 Speaker 1: the financial era that we've known is coming to an end. 372 00:18:53,520 --> 00:18:56,800 Speaker 1: To talk about it extensively, maybe the world went into 373 00:18:56,840 --> 00:19:00,040 Speaker 1: well five thousand years gold was money UM. Then the 374 00:19:00,080 --> 00:19:04,040 Speaker 1: whole world went into this new um financial agreement nineteen 375 00:19:04,480 --> 00:19:08,240 Speaker 1: into the Breton Woods Agreement UM, where we still had 376 00:19:08,320 --> 00:19:10,520 Speaker 1: the gold being money, but now the dollar was pegged 377 00:19:10,560 --> 00:19:12,280 Speaker 1: to gold and other currencies were pegged to the dollar, 378 00:19:12,320 --> 00:19:14,840 Speaker 1: and so we still kind of had this UM commodity 379 00:19:14,880 --> 00:19:18,720 Speaker 1: based money. In nineteen seventy one, though President Richard Nixon 380 00:19:19,080 --> 00:19:23,160 Speaker 1: severed the ties um to the gold standards, so removed 381 00:19:23,400 --> 00:19:26,800 Speaker 1: the dollars backing too gold, and so since then the 382 00:19:26,880 --> 00:19:29,199 Speaker 1: world has been in free fall. We've been about fifty 383 00:19:29,200 --> 00:19:33,640 Speaker 1: one years into a financial experiment, and we went from 384 00:19:34,240 --> 00:19:37,760 Speaker 1: Breton Woods one started nineteen potentially we could say nineteen 385 00:19:37,800 --> 00:19:41,280 Speaker 1: seventy one. Let us to Breton Woods too. Unofficially, we 386 00:19:41,359 --> 00:19:45,640 Speaker 1: went into this basically fiat monetary system that we have today. 387 00:19:45,840 --> 00:19:48,240 Speaker 1: And now it is changing again and we can see 388 00:19:48,240 --> 00:19:50,800 Speaker 1: that it's coming to an end. We're only fifty one 389 00:19:50,920 --> 00:19:55,440 Speaker 1: years into this financial experiment and anomaly and anomaly throughout 390 00:19:55,560 --> 00:19:58,359 Speaker 1: history where thousands of dollars of years, pretty much all 391 00:19:58,400 --> 00:20:01,080 Speaker 1: recorded history, um, gold has been money. And now we're 392 00:20:01,080 --> 00:20:03,159 Speaker 1: in this kind of fake fiat monetary system, and we 393 00:20:03,200 --> 00:20:07,280 Speaker 1: can see how fast this is unraveling, and so it's 394 00:20:07,320 --> 00:20:09,720 Speaker 1: easy to see that it doesn't have much more legs. Now. 395 00:20:09,880 --> 00:20:12,080 Speaker 1: The Central Banks to Photo Reserve has been pretty good 396 00:20:12,080 --> 00:20:14,560 Speaker 1: about pulling some rabbits out of that, had pretty good 397 00:20:14,800 --> 00:20:19,119 Speaker 1: at pulling some magic tricks. However, um, you know, kicking 398 00:20:19,119 --> 00:20:21,080 Speaker 1: the can down the road, so to speak. We don't 399 00:20:21,080 --> 00:20:23,120 Speaker 1: know how many more they have potentially they have more, 400 00:20:23,160 --> 00:20:25,800 Speaker 1: but we can see that it is getting dire. I 401 00:20:25,800 --> 00:20:27,000 Speaker 1: want to look at a couple of things that I'm 402 00:20:27,000 --> 00:20:29,119 Speaker 1: looking at that kind of show this, and and and 403 00:20:29,160 --> 00:20:32,000 Speaker 1: so the point of seeing these signposts is trying to understand, 404 00:20:32,560 --> 00:20:36,280 Speaker 1: um when when this happened. So we thought this week 405 00:20:36,320 --> 00:20:40,400 Speaker 1: the i m F slashes not just cuts, not just reduces, 406 00:20:40,480 --> 00:20:45,920 Speaker 1: but slashes global growth estimates. Warning, unfortunately, I hate to 407 00:20:45,960 --> 00:20:49,760 Speaker 1: tell you, warning that the worst is yet to come. 408 00:20:49,880 --> 00:20:52,600 Speaker 1: They say, you think things are bad now, oh just wait, 409 00:20:52,600 --> 00:20:55,240 Speaker 1: they're about to get even better. Oh no, worst, They say, 410 00:20:55,480 --> 00:20:58,560 Speaker 1: the global economy is headed for a quote stormy waters 411 00:20:59,000 --> 00:21:01,520 Speaker 1: end quote. The Internet National Monetary Fund said this week 412 00:21:02,040 --> 00:21:04,880 Speaker 1: it cut its projection for growth next year and warned 413 00:21:05,119 --> 00:21:09,120 Speaker 1: that high inflation was worsening living conditions. So you think 414 00:21:09,119 --> 00:21:12,440 Speaker 1: it's bad for you in the United States, what about 415 00:21:12,480 --> 00:21:15,639 Speaker 1: other countries where they're seeing prices go up by double 416 00:21:15,800 --> 00:21:20,199 Speaker 1: a hundred percent in months and they already live on 417 00:21:20,280 --> 00:21:24,000 Speaker 1: three or four dollars a day. Imagine that. Um It 418 00:21:24,000 --> 00:21:26,560 Speaker 1: says here that the global economy will grow two point 419 00:21:26,640 --> 00:21:30,440 Speaker 1: seven percent in three down from a projected three point 420 00:21:30,480 --> 00:21:35,600 Speaker 1: two percent this year, and six percent in so it's 421 00:21:35,600 --> 00:21:39,200 Speaker 1: growing way down six going down to two point seven percent. 422 00:21:39,359 --> 00:21:42,440 Speaker 1: Just um, So so think about that for a second. Actually, 423 00:21:42,600 --> 00:21:44,119 Speaker 1: I'm gonna I'm gonna put that on pause. I'll come 424 00:21:44,160 --> 00:21:46,520 Speaker 1: back to that. It says the global economic activity is 425 00:21:46,520 --> 00:21:50,919 Speaker 1: experiencing a broad based and sharper than expected. It's always 426 00:21:50,920 --> 00:21:53,760 Speaker 1: more than they expected, right, all these pH d s, 427 00:21:53,800 --> 00:21:56,760 Speaker 1: all these economies, all this data, and they just can't 428 00:21:56,760 --> 00:21:58,959 Speaker 1: ever seem to get it right. Um. Of course, they 429 00:21:58,960 --> 00:22:00,159 Speaker 1: can't tell you what the weather is going to be 430 00:22:00,200 --> 00:22:02,520 Speaker 1: like next week. They can't tell you what's going to 431 00:22:02,600 --> 00:22:05,119 Speaker 1: happen with inflation. How the heck are they going to 432 00:22:05,200 --> 00:22:06,479 Speaker 1: tell you what the weather is going to be like 433 00:22:06,480 --> 00:22:09,880 Speaker 1: in a hundred years from now. Just stop and think 434 00:22:09,920 --> 00:22:12,200 Speaker 1: about that for a second. Let's keep going here. Global 435 00:22:12,240 --> 00:22:14,640 Speaker 1: economic activity is experiencing a broad based and sharper than 436 00:22:14,720 --> 00:22:17,160 Speaker 1: expected slow down. We didn't expect for it to get 437 00:22:17,160 --> 00:22:19,440 Speaker 1: this bad. Uh. You know, we thought we'd just shut 438 00:22:19,480 --> 00:22:21,640 Speaker 1: the whole economy down and then turn it back on again, 439 00:22:21,640 --> 00:22:23,280 Speaker 1: and then we have too much inflaces, so we'll shut 440 00:22:23,280 --> 00:22:25,280 Speaker 1: it back down again. But we didn't expect it to 441 00:22:25,320 --> 00:22:29,199 Speaker 1: be it as bad, with inflation higher than seen in 442 00:22:29,280 --> 00:22:32,560 Speaker 1: several decades. Who would have thought it's it's it's sharper 443 00:22:32,600 --> 00:22:35,879 Speaker 1: than expected. They say, Now, it says here that the 444 00:22:35,920 --> 00:22:39,679 Speaker 1: I M s's global inflation hitting eight point eight percent. 445 00:22:39,720 --> 00:22:43,400 Speaker 1: For that's up from four point seven percent last year. 446 00:22:43,440 --> 00:22:48,359 Speaker 1: So eight point eight percent inflation globally. Now this means 447 00:22:48,400 --> 00:22:50,399 Speaker 1: that in some places goes up less, in some places 448 00:22:50,440 --> 00:22:52,399 Speaker 1: it goes up way more. But let's just look at 449 00:22:52,400 --> 00:22:54,360 Speaker 1: this global number that the I m F is putting out. 450 00:22:54,440 --> 00:22:57,240 Speaker 1: So they're expecting inflation to go up by eight point 451 00:22:57,320 --> 00:23:02,560 Speaker 1: eight percent. They're expecting the grow global economy to grow 452 00:23:02,640 --> 00:23:07,359 Speaker 1: by two point seven percent. So that means, yes, we 453 00:23:07,400 --> 00:23:12,000 Speaker 1: are growing much slower. We're producing way less good than services. 454 00:23:12,040 --> 00:23:16,200 Speaker 1: Your wealth is going up way slower than the cost 455 00:23:16,240 --> 00:23:20,240 Speaker 1: of living. That means everybody in the world, on the 456 00:23:20,359 --> 00:23:23,360 Speaker 1: entire globes cost of living, or i should say quality 457 00:23:23,359 --> 00:23:27,120 Speaker 1: of life, standard of living is going down because we're 458 00:23:27,200 --> 00:23:32,960 Speaker 1: growing much much slower, two much much slower than inflation 459 00:23:33,119 --> 00:23:35,480 Speaker 1: is at eight point eight percent, they said. The I 460 00:23:35,600 --> 00:23:39,120 Speaker 1: m said, quote, monetary policy should stay the course. Look 461 00:23:39,280 --> 00:23:44,360 Speaker 1: things are they just said here, Um, they said experiencing 462 00:23:44,560 --> 00:23:49,800 Speaker 1: sharper than expected slow downs, then expect things to get 463 00:23:49,800 --> 00:23:51,520 Speaker 1: this bad. But never mind, never mind, we didn't expect 464 00:23:51,560 --> 00:23:53,119 Speaker 1: for them to be this bad. It's way worse than 465 00:23:53,160 --> 00:23:56,920 Speaker 1: anybody thought. Um, but never mind, stay the course, Stay 466 00:23:56,960 --> 00:24:01,200 Speaker 1: the course. Uh. Fiscal policy should aim to alleviate the 467 00:24:01,240 --> 00:24:05,479 Speaker 1: cost of living pressures while maintaining is sufficiently tight stance 468 00:24:05,720 --> 00:24:09,399 Speaker 1: aligned with monetary policy. So let's let's break that down. 469 00:24:09,720 --> 00:24:13,320 Speaker 1: So we have monetary policy and we have fiscal policy. 470 00:24:13,400 --> 00:24:17,199 Speaker 1: What's the difference Monetary policy is what the central banks do. 471 00:24:17,960 --> 00:24:21,959 Speaker 1: Monetary policy with the central banks increased the monetary supply, 472 00:24:22,119 --> 00:24:25,960 Speaker 1: the base, the money base, but it's not super effective 473 00:24:26,000 --> 00:24:29,680 Speaker 1: because all they can do is give reserves to the banks. Now, 474 00:24:30,160 --> 00:24:33,119 Speaker 1: money doesn't really get printed by the Federal Reserve, like 475 00:24:33,160 --> 00:24:34,760 Speaker 1: the meme says, and like I say all the time, 476 00:24:34,800 --> 00:24:37,359 Speaker 1: I hope you understand that money isn't printed by the 477 00:24:37,359 --> 00:24:41,119 Speaker 1: Federal reserve. Money is actually created by the banks. So 478 00:24:41,160 --> 00:24:43,920 Speaker 1: the federal reserves give their reserves to the banks. Now, 479 00:24:43,960 --> 00:24:48,040 Speaker 1: the banks create the money into existence by issuing loans. 480 00:24:48,080 --> 00:24:50,440 Speaker 1: But if you and I don't borrow, if I don't 481 00:24:50,480 --> 00:24:52,760 Speaker 1: go get a car loan, auto loan, a house loan, 482 00:24:52,960 --> 00:24:55,000 Speaker 1: r V loan, a boat loan, a credit card. If 483 00:24:55,040 --> 00:24:57,920 Speaker 1: I don't borrow, then no new money is created. And 484 00:24:57,960 --> 00:25:01,119 Speaker 1: if no banks want to loan me money, no money's created. 485 00:25:01,119 --> 00:25:04,240 Speaker 1: So that's monetary policy. Fiscal policy is what the government does. 486 00:25:04,640 --> 00:25:08,400 Speaker 1: Fiscal policy is sending out you money for welfare or UBI. 487 00:25:09,000 --> 00:25:12,119 Speaker 1: Fiscal policy is them giving you food stamps and and 488 00:25:12,160 --> 00:25:14,880 Speaker 1: all these other things. That's fiscal policy. So what they're 489 00:25:14,880 --> 00:25:19,000 Speaker 1: saying is that fiscal policy he should aim to alleviate 490 00:25:19,080 --> 00:25:23,639 Speaker 1: the cost of living pressures. How could they do that? 491 00:25:23,720 --> 00:25:26,159 Speaker 1: So what they're saying is that as prices keep going up, 492 00:25:26,200 --> 00:25:28,720 Speaker 1: meaning your gas prices, your energy prices, as they keep 493 00:25:28,720 --> 00:25:32,359 Speaker 1: going up, then fiscal policy should continue to work to 494 00:25:32,520 --> 00:25:37,879 Speaker 1: offset that. But if they increase the money supply to 495 00:25:38,119 --> 00:25:41,639 Speaker 1: help you with your high gas prices or energy prices 496 00:25:41,720 --> 00:25:44,560 Speaker 1: or food prices, then that means you don't buy less. 497 00:25:45,080 --> 00:25:48,280 Speaker 1: That means you continue buying the same amount, which means 498 00:25:48,280 --> 00:25:50,640 Speaker 1: the demands still there. And if the demand is still 499 00:25:50,680 --> 00:25:52,840 Speaker 1: there while the supply goes down, doesn't that mean prices 500 00:25:52,920 --> 00:25:57,560 Speaker 1: keep going up? I mean, the thinking here, I mean 501 00:25:57,560 --> 00:26:00,320 Speaker 1: it's just amazes me. So, um, the fed ed is 502 00:26:00,320 --> 00:26:03,919 Speaker 1: trying to crush demand. They want to make you broke, 503 00:26:04,000 --> 00:26:07,080 Speaker 1: so you can't afford these things anymore. But the I 504 00:26:07,200 --> 00:26:09,320 Speaker 1: m F is saying that fiscal policy should aim to 505 00:26:09,359 --> 00:26:14,159 Speaker 1: alleviate those costs of living pressures how by giving you money. 506 00:26:14,359 --> 00:26:16,440 Speaker 1: So while the FED is trying to make you more poor, 507 00:26:17,000 --> 00:26:20,000 Speaker 1: then that's the monetary policies making you poor. The fiscal 508 00:26:20,080 --> 00:26:22,720 Speaker 1: policy should be giving you money. Where do they get 509 00:26:22,720 --> 00:26:27,760 Speaker 1: the money from? Oh yeah, they created to see what 510 00:26:27,840 --> 00:26:29,720 Speaker 1: they're dealing with here, and you can start to see 511 00:26:29,840 --> 00:26:32,520 Speaker 1: very quickly why they are out of moves. They are 512 00:26:32,560 --> 00:26:37,320 Speaker 1: out of moves somehow. There per the I m F, 513 00:26:37,600 --> 00:26:41,720 Speaker 1: they are supposed to restore price stability. So mon tery 514 00:26:41,720 --> 00:26:44,680 Speaker 1: policy should stay the course to restore price stability by 515 00:26:44,720 --> 00:26:48,520 Speaker 1: crushing demand to take away your money. But fiscal policy 516 00:26:48,520 --> 00:26:53,320 Speaker 1: should alleviate that while maintaining a sufficiently tight stance aligned 517 00:26:53,400 --> 00:26:56,520 Speaker 1: with mon tery policy. But they work against each other 518 00:26:57,000 --> 00:26:58,639 Speaker 1: because the mon tery policy is trying to make you 519 00:26:58,680 --> 00:27:00,919 Speaker 1: more poor so you don't buy as much, but the 520 00:27:00,920 --> 00:27:03,000 Speaker 1: fiscal policy wants to give you the money of the 521 00:27:03,040 --> 00:27:05,119 Speaker 1: difference so you can continue to buy the stuff that 522 00:27:05,160 --> 00:27:09,840 Speaker 1: you've always had. M Um, there's eight stages of a democracy. 523 00:27:09,840 --> 00:27:11,879 Speaker 1: About a tune or fifty year life span of democracy. 524 00:27:12,160 --> 00:27:14,040 Speaker 1: I'm not gonna tell you all the final stage, all 525 00:27:14,080 --> 00:27:18,760 Speaker 1: the stages, but the final stages are intellectualism, um decadence, 526 00:27:19,040 --> 00:27:22,560 Speaker 1: which I think you've seen that. Then it goes to dependence, 527 00:27:22,800 --> 00:27:26,399 Speaker 1: which is what they're talking about, and then ultimately bondage. 528 00:27:26,760 --> 00:27:29,280 Speaker 1: Those are the last four stages. You can guess which 529 00:27:29,320 --> 00:27:31,320 Speaker 1: stage we're in. You're listening to the Mark Moa Show. 530 00:27:31,359 --> 00:27:34,160 Speaker 1: We're talking about the decentralized Revolution, the way the world 531 00:27:34,200 --> 00:27:37,800 Speaker 1: is changing from centralization to decentralization through the lens of politics, finance, 532 00:27:37,800 --> 00:27:40,160 Speaker 1: and technology, and we can see that it is crumbling 533 00:27:40,280 --> 00:27:42,200 Speaker 1: right now. I want to show you more about what's 534 00:27:42,240 --> 00:27:45,000 Speaker 1: happening with society because of these things. When I come back, 535 00:27:45,040 --> 00:27:46,560 Speaker 1: I got a lot to cover. We'll be back in 536 00:27:46,600 --> 00:27:48,760 Speaker 1: a second. Don't go away, all right, Welcome back. You 537 00:27:48,840 --> 00:27:50,760 Speaker 1: are listening to the Mark Moa Show talking about the 538 00:27:50,840 --> 00:27:54,520 Speaker 1: decentralized Revolution, the way, uh the way the world's changing 539 00:27:54,600 --> 00:27:57,640 Speaker 1: from a centralized world, central planning and central banking into 540 00:27:57,720 --> 00:28:00,720 Speaker 1: a decentralized world. And at the end of this and 541 00:28:01,000 --> 00:28:03,160 Speaker 1: and before the break, I talked about the eight stages 542 00:28:03,200 --> 00:28:06,560 Speaker 1: of a democracy or an empire, and the four final 543 00:28:06,680 --> 00:28:10,840 Speaker 1: stages are intellectualism. People, we have so much money and 544 00:28:10,880 --> 00:28:12,439 Speaker 1: so much wealth that people just sit around and think 545 00:28:12,440 --> 00:28:15,560 Speaker 1: thinks all day, imagining this future world with no real 546 00:28:15,640 --> 00:28:21,199 Speaker 1: world ties, right, intellectualism, which it leads to abundance. Um, 547 00:28:21,280 --> 00:28:25,160 Speaker 1: like people buying board apes for sixty million dollars or whatever. 548 00:28:25,800 --> 00:28:28,120 Speaker 1: Uh there was like someone who bought like an invisible 549 00:28:28,160 --> 00:28:30,320 Speaker 1: piece of art for like eighteen million. I think that 550 00:28:30,400 --> 00:28:33,719 Speaker 1: pretty pretty well highlights the age of decadence. Um. Then 551 00:28:33,840 --> 00:28:37,760 Speaker 1: we lead to dependence, and dependence is the fiscal policy. 552 00:28:37,800 --> 00:28:39,720 Speaker 1: The government has to step in and help you U, 553 00:28:39,800 --> 00:28:43,800 Speaker 1: B I, welfare, food stamps, etcetera. And then that leads 554 00:28:43,920 --> 00:28:46,960 Speaker 1: to bondage, where now I'm dependent on the government and 555 00:28:47,040 --> 00:28:49,000 Speaker 1: so now I have to do whatever they say. But 556 00:28:49,080 --> 00:28:52,720 Speaker 1: it's the it's the perversion, the distortion of these monetary 557 00:28:52,800 --> 00:28:54,959 Speaker 1: policies that we're dealing with right now. And we can 558 00:28:55,000 --> 00:28:58,840 Speaker 1: see it, how see it manifesting itself all throughout society. 559 00:28:59,240 --> 00:29:01,240 Speaker 1: As a matter of fact, what we can see all 560 00:29:01,600 --> 00:29:05,280 Speaker 1: over the place. I'm I'm coming to you from California, 561 00:29:05,680 --> 00:29:08,280 Speaker 1: and we are seeing a massive problem with us in California. 562 00:29:08,520 --> 00:29:10,280 Speaker 1: But it's even worse than other areas. And that is 563 00:29:10,360 --> 00:29:14,360 Speaker 1: the rise of violent crimes like we just haven't seen before. 564 00:29:14,440 --> 00:29:17,720 Speaker 1: It's just insane. And I was looking at this report 565 00:29:17,800 --> 00:29:22,240 Speaker 1: this week of examined crime data from Baltimore, Chicago, Los Angeles, 566 00:29:22,360 --> 00:29:26,000 Speaker 1: New York City, Philadelphia City, Seattle, and Washington, d C. 567 00:29:26,440 --> 00:29:28,400 Speaker 1: I don't know why they didn't put San Francisco on there. 568 00:29:28,480 --> 00:29:30,280 Speaker 1: That certainly would have should have changed things. But we 569 00:29:30,320 --> 00:29:33,640 Speaker 1: got Los Angeles, so California as well represented. But when 570 00:29:33,720 --> 00:29:36,080 Speaker 1: we look at the data and not the narratives. I'm 571 00:29:36,080 --> 00:29:37,600 Speaker 1: gonna talk about the narratives in the second, but let's 572 00:29:37,600 --> 00:29:39,880 Speaker 1: look at the data itself right here. And so when 573 00:29:39,960 --> 00:29:42,400 Speaker 1: we examine the crime data from those cities Baltimore, Chicago, 574 00:29:42,480 --> 00:29:45,080 Speaker 1: Los Angeles, New York City, Philadelphia, Seattle, Washington, d C. 575 00:29:46,000 --> 00:29:48,680 Speaker 1: Just those cities, we found that violent crimes have increased 576 00:29:48,920 --> 00:29:53,080 Speaker 1: anywhere from five up. All right, now, these are violent crimes, 577 00:29:53,080 --> 00:29:55,440 Speaker 1: all right, These are definitely the crimes you don't want 578 00:29:55,480 --> 00:29:58,320 Speaker 1: to have happened to you. Let's just say that. I 579 00:29:58,360 --> 00:29:59,760 Speaker 1: mean not that you have, you won't have any crime 580 00:29:59,800 --> 00:30:01,520 Speaker 1: app and you or in your area. But these are 581 00:30:01,600 --> 00:30:04,440 Speaker 1: ones that are they're violent. Um and it says they've 582 00:30:04,440 --> 00:30:07,320 Speaker 1: reached unprecedented numbers in the last two years, with murders 583 00:30:07,360 --> 00:30:15,600 Speaker 1: increasing by nearly thirty percent. That's a big number, Man says. 584 00:30:15,640 --> 00:30:18,800 Speaker 1: New York City has so far seen the largest increase 585 00:30:18,840 --> 00:30:22,920 Speaker 1: in violent crimes out of the city's a forty point 586 00:30:23,120 --> 00:30:31,320 Speaker 1: six increase compared to forty three thousand violent crime incidents 587 00:30:31,920 --> 00:30:34,480 Speaker 1: UM compared to so far this year, compared to last 588 00:30:34,520 --> 00:30:38,920 Speaker 1: year's thirty thousand, So big, big, big increase. Chicago shows 589 00:30:38,960 --> 00:30:43,200 Speaker 1: similar data, detailing an increase in violent crimes, a thirty 590 00:30:43,480 --> 00:30:51,000 Speaker 1: five percent increase compared to last year's records. Wow, this 591 00:30:51,120 --> 00:30:52,920 Speaker 1: is not a small This is not a small percentage 592 00:30:52,960 --> 00:30:59,080 Speaker 1: of change. There's a massive percentage of change. UM Chicago. 593 00:30:59,440 --> 00:31:03,560 Speaker 1: Chicago's recorded at the time of this report a homicides 594 00:31:03,600 --> 00:31:07,280 Speaker 1: on the year UM which went down, actually went down. 595 00:31:07,320 --> 00:31:12,200 Speaker 1: Good job, Chicago went down. UM it's UM hundred nine 596 00:31:12,360 --> 00:31:16,520 Speaker 1: four instead of two hundred and seven. It went down, 597 00:31:16,600 --> 00:31:18,960 Speaker 1: I mean, good job, better than going up. I would 598 00:31:19,000 --> 00:31:24,160 Speaker 1: hardly call that progress though. What about violent crimes in Seattle? 599 00:31:24,320 --> 00:31:27,840 Speaker 1: And Seattle they've shot up twenty three percent so far 600 00:31:28,080 --> 00:31:32,120 Speaker 1: just this year. This year, homicides have increased by more 601 00:31:32,200 --> 00:31:39,520 Speaker 1: than fifty four percent. Homicides citywide shootings and shots fired 602 00:31:39,560 --> 00:31:43,800 Speaker 1: increased by eighty two percent. Let's say that one again. 603 00:31:43,840 --> 00:31:47,600 Speaker 1: This is Seattle. Homicides are up fifty four percent and 604 00:31:47,720 --> 00:31:53,120 Speaker 1: citywide shootings and shots fired have increased by eighty two percent. 605 00:31:53,880 --> 00:31:59,920 Speaker 1: That is just insanity. Um, Los Angeles. Los Angeles isn't 606 00:32:00,000 --> 00:32:02,520 Speaker 1: doing so well. Seen crimes rise in all three categories. 607 00:32:02,840 --> 00:32:05,760 Speaker 1: Violent crimes shot up by six point seven percent, which 608 00:32:05,800 --> 00:32:10,160 Speaker 1: don't sound so bad compared to Seattle violent crimes. We 609 00:32:10,240 --> 00:32:14,280 Speaker 1: see homicides increased by one point six percent versus Seattle's 610 00:32:14,360 --> 00:32:19,280 Speaker 1: fifty saw shots fired increased by one point five percent, 611 00:32:19,920 --> 00:32:23,080 Speaker 1: um up by in Seattle. So l A is not 612 00:32:23,200 --> 00:32:26,760 Speaker 1: looking so bad. Now. I will say that, Um, there's 613 00:32:26,760 --> 00:32:28,720 Speaker 1: a lot more crime going in the Los Angeles than 614 00:32:28,880 --> 00:32:33,520 Speaker 1: as in this report. This is just violent crimes, shots fired, homicides, etcetera. Um, 615 00:32:33,720 --> 00:32:37,200 Speaker 1: they've decriminalized a lot of stuff in Los Angeles, so 616 00:32:37,280 --> 00:32:39,520 Speaker 1: while we're seeing a lot of violent crime, it's just 617 00:32:39,600 --> 00:32:42,160 Speaker 1: not called violent crime anymore. So they change that. UM, 618 00:32:42,520 --> 00:32:47,800 Speaker 1: Washington d C. Total violent crimes increased by homicides and 619 00:32:48,080 --> 00:32:52,000 Speaker 1: only only increased by four percent, Not only, but still 620 00:32:52,240 --> 00:32:58,520 Speaker 1: four percent. M Philadelphia violent crimes have increased by almost 621 00:32:58,600 --> 00:33:02,800 Speaker 1: five percent. You get the idea. I can sit here 622 00:33:02,840 --> 00:33:05,320 Speaker 1: and keep reading this data to you, But why, why 623 00:33:05,600 --> 00:33:08,800 Speaker 1: why is crime rising so hard? I mean every day 624 00:33:09,280 --> 00:33:12,320 Speaker 1: obviously depend on where you're looking, but if you go 625 00:33:12,400 --> 00:33:14,560 Speaker 1: on Twitter at all, you can see this stuff. It's 626 00:33:14,560 --> 00:33:16,440 Speaker 1: all boots on the ground reporting and you can see 627 00:33:16,480 --> 00:33:20,640 Speaker 1: every single day or new attacks at airport, baggage claims, UM, 628 00:33:20,760 --> 00:33:25,400 Speaker 1: subway stations, you know, convenience stores, um, et cetera. I mean, 629 00:33:25,640 --> 00:33:30,160 Speaker 1: every single day I see this information, I see these 630 00:33:30,280 --> 00:33:32,880 Speaker 1: videos of this stuff happening. Why while it's happening for 631 00:33:32,920 --> 00:33:36,680 Speaker 1: a bunch of reasons. Ultimately it comes from a breakdown 632 00:33:36,680 --> 00:33:39,520 Speaker 1: in the money supply. It perverts everything. It also has 633 00:33:39,560 --> 00:33:41,560 Speaker 1: to do with the the incentive, so you know, when 634 00:33:41,600 --> 00:33:44,880 Speaker 1: people are broke, they act out for sure. Um. The 635 00:33:44,960 --> 00:33:48,560 Speaker 1: Democrats want to blame um red states. They say it's 636 00:33:48,680 --> 00:33:54,120 Speaker 1: it's the red states. Um. California governors Gavin Knewsoon recently 637 00:33:54,120 --> 00:33:57,680 Speaker 1: said he was going to break down quote America's red 638 00:33:57,960 --> 00:34:01,440 Speaker 1: state murder problem, which is pretty funny that he would 639 00:34:01,440 --> 00:34:05,280 Speaker 1: say that it's the soft on crime policies that seemed 640 00:34:05,320 --> 00:34:06,920 Speaker 1: to be the problem. As a matter of fact, this 641 00:34:07,000 --> 00:34:09,799 Speaker 1: week we saw a report about these Green Goblins. If 642 00:34:09,840 --> 00:34:11,440 Speaker 1: you've heard about this, I had just heard about this 643 00:34:11,520 --> 00:34:14,319 Speaker 1: as in New York, these Green Goblin games. They show 644 00:34:14,480 --> 00:34:18,360 Speaker 1: up into the um dressed in these like green tight suits, 645 00:34:18,400 --> 00:34:20,200 Speaker 1: like when they call themselves Green Goblins, and they show 646 00:34:20,239 --> 00:34:23,880 Speaker 1: up in gangs neon green full body suits and they 647 00:34:23,960 --> 00:34:27,520 Speaker 1: attack people on the subways, and they attack people on 648 00:34:27,560 --> 00:34:31,680 Speaker 1: subways and steal from them, assault them things like that, 649 00:34:32,200 --> 00:34:34,800 Speaker 1: and then they just walk right out of jail. So 650 00:34:34,960 --> 00:34:39,040 Speaker 1: there was Miriam is So six years old, a member 651 00:34:39,080 --> 00:34:41,600 Speaker 1: of this Green Goblin crew assaulted and robbed two teens 652 00:34:41,600 --> 00:34:44,640 Speaker 1: on the subway on October two, charged with violent felony 653 00:34:45,040 --> 00:34:48,239 Speaker 1: and then no bail, just walked right out, she walked 654 00:34:48,239 --> 00:34:50,840 Speaker 1: out of the court um. And so what's happening is 655 00:34:50,880 --> 00:34:52,920 Speaker 1: that we're soft on crime and we're continue to release 656 00:34:53,000 --> 00:34:56,560 Speaker 1: these people. And if there's no consequence to you beating 657 00:34:56,640 --> 00:34:58,920 Speaker 1: people up and stealing from them from them, then what 658 00:34:59,000 --> 00:35:02,239 Speaker 1: do you think happens. That's right, more people getting beat 659 00:35:02,320 --> 00:35:05,840 Speaker 1: up and more people stealing from them. That's exactly what happens. 660 00:35:08,040 --> 00:35:12,200 Speaker 1: The society is breaking down, The world is changing. The 661 00:35:12,239 --> 00:35:14,239 Speaker 1: world that we have known is not the world that 662 00:35:14,320 --> 00:35:17,920 Speaker 1: we are going into any longer we can see California 663 00:35:18,040 --> 00:35:20,719 Speaker 1: home to California is home to three of the ten 664 00:35:20,920 --> 00:35:23,840 Speaker 1: worst cities for retail crime. And this is kind of 665 00:35:23,880 --> 00:35:26,440 Speaker 1: what I was talking about. Um, they've decriminalized a lot 666 00:35:26,520 --> 00:35:29,040 Speaker 1: of this, and so now it's home to three. The 667 00:35:29,120 --> 00:35:31,600 Speaker 1: state has three of the ten worst cities for retail crime. 668 00:35:31,680 --> 00:35:34,800 Speaker 1: Smash and grabs plague the state, as they say. According 669 00:35:34,840 --> 00:35:37,640 Speaker 1: to the National Retail Federation, three California cities are among 670 00:35:37,719 --> 00:35:40,799 Speaker 1: the ten most affected cities for organized retail crime. Those 671 00:35:40,800 --> 00:35:45,600 Speaker 1: are Los Angeles, San Francisco, and Sacramento. Of course, um, 672 00:35:46,400 --> 00:35:50,239 Speaker 1: very very very very blue hotbeds for sure, um, and 673 00:35:50,320 --> 00:35:52,880 Speaker 1: it makes it very difficult for store or owners to 674 00:35:53,040 --> 00:35:54,920 Speaker 1: be there. So of course what happens then the stores 675 00:35:54,960 --> 00:35:57,560 Speaker 1: break down, The stores have to close up, The stores 676 00:35:57,600 --> 00:35:59,920 Speaker 1: close up. The people that have any money don't want 677 00:36:00,000 --> 00:36:02,440 Speaker 1: to live in a violent area, and especially I don't 678 00:36:02,480 --> 00:36:04,480 Speaker 1: want to live in an area that's violent and has 679 00:36:04,560 --> 00:36:06,800 Speaker 1: no stores or services available because all the stores have 680 00:36:06,920 --> 00:36:09,400 Speaker 1: to close up, and what do they do They move 681 00:36:09,640 --> 00:36:12,000 Speaker 1: out of the area. We've talked about this before in 682 00:36:12,160 --> 00:36:16,800 Speaker 1: terms of San Francisco, and it's caused a massive, massive problem. 683 00:36:17,080 --> 00:36:19,120 Speaker 1: What's happening here in California is we have the rise 684 00:36:19,200 --> 00:36:24,040 Speaker 1: of these uh flash mob style robberies. And um, they 685 00:36:24,160 --> 00:36:25,520 Speaker 1: used to just show up in a flash mob and 686 00:36:25,560 --> 00:36:27,920 Speaker 1: starting dancing and singing, and now they show up and 687 00:36:28,160 --> 00:36:32,560 Speaker 1: start robbing. So um again, this is a direct result 688 00:36:32,800 --> 00:36:35,920 Speaker 1: of the monetary system breaking down, and it shows just 689 00:36:36,440 --> 00:36:40,440 Speaker 1: how quickly the system that we know is going to 690 00:36:40,560 --> 00:36:43,600 Speaker 1: change now. Um. Change is hard, change is scary, but 691 00:36:43,719 --> 00:36:45,840 Speaker 1: I believe we need the change. And what's on the 692 00:36:46,000 --> 00:36:48,400 Speaker 1: other side of it is good. It's hopeful. Um, some 693 00:36:48,480 --> 00:36:50,440 Speaker 1: of this information is bad, I get it. I'm sorry. 694 00:36:50,480 --> 00:36:53,520 Speaker 1: It's not doing gloom. There is hope. What we're seeing 695 00:36:53,600 --> 00:36:55,880 Speaker 1: is coming to an end, and there is hope on 696 00:36:55,960 --> 00:36:57,480 Speaker 1: the other end. You're listening to the market Ball Show. 697 00:36:57,520 --> 00:37:00,920 Speaker 1: We're talking about the decentralized revolution, the way that the 698 00:37:00,960 --> 00:37:04,279 Speaker 1: way the world is changing from centralization, central planning is 699 00:37:04,280 --> 00:37:07,160 Speaker 1: failing us into a world of decentralization, back into a 700 00:37:07,239 --> 00:37:09,840 Speaker 1: system like we used to have. This really affects the 701 00:37:09,960 --> 00:37:12,160 Speaker 1: entire world, no matter where you're at. This is a big, big, 702 00:37:12,200 --> 00:37:14,680 Speaker 1: big deal. You're listening to the Mark Moa Show. That's 703 00:37:14,680 --> 00:37:16,560 Speaker 1: what I got for you this week. Thanks so much 704 00:37:16,600 --> 00:37:17,000 Speaker 1: for listening,