WEBVTT - The Mark Moss Show Oct 19, 2022 0:00:00.040 --> 0:00:02.080 Hello, and welcome back to another episode of the Mark 0:00:02.160 --> 0:00:05.080 Mos Show where we talk about the decentralized revolution and 0:00:05.080 --> 0:00:07.760 the way the world is changing um from a world 0:00:07.840 --> 0:00:13.480 of centralization, central planning, central banking, to a world of decentralization, 0:00:13.520 --> 0:00:15.880 which means more power and control back into you as 0:00:15.880 --> 0:00:19.480 an individual, as an individual person, getting away from central 0:00:19.480 --> 0:00:23.079 planning to individual planning, away from central banking, and back 0:00:23.120 --> 0:00:27.240 to uh unbanking or independent personal banking. Of course, we 0:00:27.240 --> 0:00:31.560 look at it through the lens of politics, finance, and technology, 0:00:32.200 --> 0:00:34.600 and there are so much going on with all of that, 0:00:34.720 --> 0:00:36.640 so we try to keep up with the flow of 0:00:36.680 --> 0:00:38.360 information so we can see this. I know a lot 0:00:38.360 --> 0:00:40.720 of times I get thousands of messages a week across 0:00:40.760 --> 0:00:42.640 all my social media platforms, which, by the way, if 0:00:42.640 --> 0:00:45.080 you're not following me on social media, please do. You 0:00:45.120 --> 0:00:47.480 can find me at one Mark Moss on most platforms, 0:00:48.479 --> 0:00:50.280 or just go to my website at one Mark Moss 0:00:50.280 --> 0:00:53.040 dot I'm sorry, just one Mark Moss dot com and 0:00:53.080 --> 0:00:55.040 I have all of it listed there. But I get 0:00:55.080 --> 0:00:57.240 thousands of comments a week across my social media. Try 0:00:57.280 --> 0:01:00.000 to get to most of them if I can, um 0:01:00.040 --> 0:01:01.800 not all the ones on YouTube. There's are so many there, 0:01:02.280 --> 0:01:04.600 but I try my best to get to as many 0:01:04.640 --> 0:01:06.959 as I can. And the one thing that I see 0:01:07.000 --> 0:01:09.200 all the time is like, Mark, when is this going 0:01:09.280 --> 0:01:13.000 to happen? When will the dollar lose its status? When 0:01:13.040 --> 0:01:16.440 will the dollar collapse? When will the new system take over? Right? 0:01:16.480 --> 0:01:20.959 And it's not when. It's not a process, it's an event. 0:01:23.520 --> 0:01:25.400 Let me say that again. I said it backwards. Sorry, 0:01:25.760 --> 0:01:31.319 it's it's not at an event, it's a process. What 0:01:31.360 --> 0:01:33.840 do I mean by that? So it's a process, it's 0:01:33.880 --> 0:01:36.440 that it goes for over a long period of time. 0:01:37.040 --> 0:01:40.119 I think it was Mark Twain. Forgive me if I'm 0:01:40.120 --> 0:01:42.200 wrong on this attribution of the quote. But they said, 0:01:42.319 --> 0:01:44.240 how did you go broke? And they said, now, I 0:01:44.240 --> 0:01:47.520 went broke gradually and then suddenly. And so there's like 0:01:47.560 --> 0:01:49.840 this gradually then suddenly kind of a thing. Um. And 0:01:49.880 --> 0:01:51.960 so if you look at the United States dollar took over, 0:01:51.960 --> 0:01:54.760 the took over the reserve status of the world, world's 0:01:54.760 --> 0:01:57.280 reserve status from the pounds sterling a hundred years ago. 0:01:58.520 --> 0:02:01.560 But it didn't happen all at months. It was a process, 0:02:01.600 --> 0:02:04.240 not an event. It took It happened over about a 0:02:04.320 --> 0:02:08.040 forty year period where um the UK just continued to 0:02:08.120 --> 0:02:11.720 destroy their currency by continuing to print more and more money, 0:02:11.760 --> 0:02:14.160 by devaluing it, and to the point where it was 0:02:14.240 --> 0:02:16.280 devalued so much they had to give up all their gold. 0:02:16.440 --> 0:02:20.120 The United States got all the gold and thereby was 0:02:20.200 --> 0:02:24.000 the strongest economy and the strongest currency in the world 0:02:24.040 --> 0:02:27.000 because it was backed by gold, and thereby took over 0:02:27.240 --> 0:02:29.600 as the world's reserve currency. This was a long process, 0:02:29.639 --> 0:02:34.120 a forty year process. Now the pounds to earliest still 0:02:34.240 --> 0:02:38.400 there today, it's still being used. So again it's a process, 0:02:38.440 --> 0:02:40.799 not event, a forty year process before the US dollar 0:02:40.919 --> 0:02:43.320 was kind of recognized as taking over, but it's still 0:02:43.360 --> 0:02:45.400 there today. So when did these things happen? They are 0:02:45.520 --> 0:02:49.120 happening right now, and that's exactly what we're looking at now. Um, 0:02:49.120 --> 0:02:50.880 we look at it the de lens of politics, finance, 0:02:50.880 --> 0:02:53.600 and technology. Those are the three cycles that are converging 0:02:53.720 --> 0:02:57.560 right now. Of course, the technology piece is bitcoin, which 0:02:57.600 --> 0:03:00.640 is this decentralized technology that we need in order to 0:03:00.840 --> 0:03:04.800 really usher in this change that's happening, and it is here, 0:03:04.840 --> 0:03:07.800 and it's happening and it's happening fast. Now. Um. You 0:03:07.840 --> 0:03:10.600 know one thing that we look at when it comes 0:03:10.639 --> 0:03:16.760 to bitcoin, is everybody likes to point to the fact that, um, 0:03:16.840 --> 0:03:19.320 you know, the price of bitcoin is down, how good 0:03:19.440 --> 0:03:21.920 is this asset? If the price is down, it's not 0:03:22.000 --> 0:03:24.640 a good medium of exchange, is too volatile, it's not 0:03:24.680 --> 0:03:26.600 a good store of value because look how far it's 0:03:26.600 --> 0:03:29.480 off of their high. Well, those things are true. Um, 0:03:29.480 --> 0:03:31.239 I can't debate that. Now we can look at the 0:03:31.320 --> 0:03:34.560 nuance of those things. So, for example, bitcoin is holding 0:03:34.600 --> 0:03:37.720 up pretty dangn good considering where other risk assets are, 0:03:37.920 --> 0:03:39.920 so we can we can we can make that argument. 0:03:40.560 --> 0:03:44.160 We could say that, um, it's been certainly a good 0:03:44.160 --> 0:03:46.120 store value if you just zoom out and look over 0:03:46.200 --> 0:03:48.440 like a two year period instead of a six month period. 0:03:48.520 --> 0:03:50.240 So we can pick and choose our periods if we 0:03:50.280 --> 0:03:52.360 want to do that. But ultimately, what I would say 0:03:52.400 --> 0:03:54.680 is that when you're looking at new technologies, especially a 0:03:54.760 --> 0:03:58.560 technological revolution such as bitcoin, you don't want to look 0:03:58.600 --> 0:04:00.120 at the price. I say this all the time we've 0:04:00.160 --> 0:04:02.640 been listening. Thank you for your support, but I've said 0:04:02.640 --> 0:04:03.920 this to you over and over and over. Right, we 0:04:04.000 --> 0:04:07.320 don't look at the price. Imagine when Uber raised money 0:04:07.360 --> 0:04:10.360 to start building out in Silicon Valley, they you know, 0:04:10.400 --> 0:04:13.080 they didn't go public for over a decade, so we 0:04:13.120 --> 0:04:15.880 didn't see the price of Uber changing every day based 0:04:15.920 --> 0:04:17.840 off of this new city picked them up, this city 0:04:17.960 --> 0:04:20.360 banned am etcetera. And so when we're looking at something 0:04:20.400 --> 0:04:24.920 like bitcoin of technological revolution, the price doesn't really give 0:04:25.040 --> 0:04:28.920 us the true data. So what we want to look 0:04:28.960 --> 0:04:30.880 at is two things. We want to look at the 0:04:30.920 --> 0:04:33.080 growth of the network. So when Uber's case, are we 0:04:33.080 --> 0:04:34.919 getting more drivers, are we getting more riders, are we 0:04:34.920 --> 0:04:37.640 getting more cities? That's the growth of the network. And 0:04:37.720 --> 0:04:41.200 we also want to look at the development happening on 0:04:41.240 --> 0:04:43.600 the network. Are they added in new services, Uber eats, 0:04:43.600 --> 0:04:45.640 things like that. And so with Bitcoin we can see 0:04:45.640 --> 0:04:47.480 the same thing. And one of the big talient signs 0:04:47.600 --> 0:04:50.360 is the growth growth of the network. And we saw 0:04:50.440 --> 0:04:54.360 this week that the difficulty gauge of bitcoin rose by 0:04:54.520 --> 0:04:58.560 thirteen and a half percent from the last adjustment roughly 0:04:58.720 --> 0:05:01.719 two weeks ago. What does that mean, Well, that means 0:05:01.760 --> 0:05:06.080 that the bitcoin mining difficulty has surged to an all 0:05:06.120 --> 0:05:09.520 time high. What does that mean? There's more people mining bitcoin, 0:05:09.600 --> 0:05:13.599 the network has grown to a level of all time highs, 0:05:13.600 --> 0:05:18.120 there's more people actively working in the network, and providing 0:05:18.200 --> 0:05:20.520 security to the network than there ever has been before. 0:05:20.560 --> 0:05:23.760 So while the price the US dollar value might be down, 0:05:23.839 --> 0:05:26.680 first of all, if we price bitcoin in Turkish lear, 0:05:26.800 --> 0:05:29.000 for example, the price of bitcoin is actually way up. 0:05:30.320 --> 0:05:32.080 So we have to look at what you're measuring it in. 0:05:32.120 --> 0:05:34.320 If you're measured in US dollars, the prices down. But 0:05:34.680 --> 0:05:36.840 that's the thing we shouldn't really be paying attention to. 0:05:37.200 --> 0:05:38.760 If we're trying to zoom out and see what's what 0:05:38.960 --> 0:05:40.200 going on, we want to look at the growth of 0:05:40.240 --> 0:05:43.840 the network, and we can see that it has grown massive. 0:05:43.839 --> 0:05:46.120 As a matter of fact, the current network hash rate, 0:05:46.200 --> 0:05:48.760 this is the amount of power that all the computers 0:05:48.760 --> 0:05:51.599 are using to secure the network is UM is two 0:05:51.720 --> 0:05:56.120 hundred and fifty seven million terror hashes per second and 0:05:56.279 --> 0:05:59.480 last this time last year it was around a hundred 0:05:59.480 --> 0:06:02.640 and forties. Went from one forty to two fifty seven 0:06:02.960 --> 0:06:07.320 in twelve months. That is a massive rise in power, 0:06:08.040 --> 0:06:12.719 participation and security on the bitcoin network. Now, UM this 0:06:12.839 --> 0:06:15.200 difficulty adjustment, what does that mean? So what it means 0:06:15.279 --> 0:06:19.560 is that right now, UM there's way more people mining bitcoin, 0:06:19.640 --> 0:06:22.640 bringing new bitcoin in the space. And so what happens 0:06:22.680 --> 0:06:24.560 is it adjust the difficulty so what do I mean 0:06:24.600 --> 0:06:27.320 by that? So if the price of gold shot up, 0:06:27.360 --> 0:06:30.280 you know it's whatever sixteen hundred bucks anounce today, let's 0:06:30.279 --> 0:06:32.520 say it went up to ten thousand announced, a lot 0:06:32.600 --> 0:06:34.560 more people would go to Mind gold. There would be 0:06:34.640 --> 0:06:36.560 gold mines popping up all over the world, new equipment, 0:06:36.600 --> 0:06:38.159 bringing as much gold as they could out of the ground, 0:06:38.160 --> 0:06:42.920 and that would increase the new supply of gold really fast. 0:06:42.920 --> 0:06:45.839 That would create inflation. But with bitcoin, it's different. If 0:06:45.839 --> 0:06:48.599 bitcoin jumps from its price today of a roughly twenty 0:06:49.320 --> 0:06:51.640 and say it went to a hundred thousand like that, 0:06:52.080 --> 0:06:54.720 more people could jump in mind, but there would be 0:06:54.839 --> 0:06:58.720 no new bitcoin, no additional bitcoin coming out. It would 0:06:58.720 --> 0:07:01.560 just it's just how much big going to split between 0:07:01.760 --> 0:07:04.240 the people that are there. So that's the difficulty adjustment. 0:07:04.320 --> 0:07:08.280 So about every two weeks it adjust that number, the ratio, 0:07:08.440 --> 0:07:11.360 the percentage of what people get. And so what happens 0:07:11.400 --> 0:07:13.520 is now people are making less and less money because 0:07:13.520 --> 0:07:16.400 there's so many people doing it right, it's grown. So 0:07:16.400 --> 0:07:18.280 what happens is the people that aren't profitable to say 0:07:18.280 --> 0:07:20.400 they're paying you know, ten cents for their power, they 0:07:20.480 --> 0:07:22.640 have to turn their machines off and when they turn 0:07:22.680 --> 0:07:24.960 their machines off, that's more bitcoin for the rest of 0:07:25.000 --> 0:07:27.560 the miners. And then let's say the price keeps dropping, well, 0:07:27.560 --> 0:07:30.240 the next batch of unprofitable miners have to drop off, 0:07:30.480 --> 0:07:32.600 and the people that are left get more of it, 0:07:32.840 --> 0:07:34.800 and so forth. And also that it works in opposite 0:07:34.840 --> 0:07:37.160 and so as more people jump in, they get less 0:07:37.160 --> 0:07:39.400 of it. It works the same way, which is why 0:07:39.840 --> 0:07:43.640 this week we saw Senator Senator H. Warren Elizabeth Warren 0:07:44.120 --> 0:07:48.480 leads a congressional groups probe into bitcoin mining mining energy 0:07:48.520 --> 0:07:54.760 in Texas. Imagine a group of of Democratic lawmakers from Washington, 0:07:54.840 --> 0:07:58.160 d C. Senator Senator Senator Elizabeth Warren is from Massachusetts. 0:07:58.200 --> 0:08:01.320 Imagine them going to Texas trying to tell Texas how 0:08:01.360 --> 0:08:05.640 to handle their power. Texas is not on the global grid. 0:08:05.680 --> 0:08:07.920 They have their own internal grid. So the fact that 0:08:07.960 --> 0:08:10.160 they're going to go there and try and demand the 0:08:10.200 --> 0:08:13.320 Texas answers to them is pretty funny. But really the 0:08:13.360 --> 0:08:16.760 whole thing behind it is is uh. It just shows 0:08:16.800 --> 0:08:19.760 that a lack of knowledge of what they're even talking about. 0:08:20.600 --> 0:08:25.240 Um they say that they express concerns that bitcoin's mining 0:08:25.440 --> 0:08:30.440 enormous demand for energy is straining the state's grid adversely 0:08:30.480 --> 0:08:35.120 impacting consumers and climate goal. So bitcoin has to have 0:08:35.280 --> 0:08:40.040 the cheapest power available. So bitcoin can't compete for customers. 0:08:40.200 --> 0:08:42.960 It can't participate in California, where it has to compete. 0:08:43.040 --> 0:08:45.320 It has to go where there's cheap power. Why is 0:08:45.360 --> 0:08:48.840 their cheap power in some places because there's surplus, there's 0:08:48.960 --> 0:08:51.440 energy being created that's not being used, and that's one 0:08:51.440 --> 0:08:55.960 of the reasons why Texas has picked up so much energy. 0:08:56.280 --> 0:08:59.360 And so again we can see that this is growing 0:08:59.400 --> 0:09:02.080 in a rapid We can see that the network has growing, 0:09:02.080 --> 0:09:04.079 we can see the development is growing on the network. 0:09:05.320 --> 0:09:07.640 And so instead of being focused on the US dollar 0:09:07.800 --> 0:09:11.080 valuation price, we want to stay focused on those two things, 0:09:11.080 --> 0:09:12.760 the growth of network and the development on the network. 0:09:13.240 --> 0:09:15.040 You're listening to the Mark Ma Show. We're talking about 0:09:15.080 --> 0:09:17.760 the decentralized revolution, the way the world is changing from 0:09:17.800 --> 0:09:21.200 world of centralization to decentralization through the lens of politics, finance, 0:09:21.280 --> 0:09:24.000 and technology. I got a big show. I got a 0:09:24.040 --> 0:09:27.160 lot of signposts that we're looking at to show us 0:09:27.200 --> 0:09:29.840 what's happening. I'm gonna try and get through them all. 0:09:29.880 --> 0:09:32.400 I'll be back in a minute. Don't go away, all right, 0:09:32.400 --> 0:09:34.320 Welcome back. You are listening to the Mark ma Show. 0:09:34.320 --> 0:09:37.440 We're talking about the decentralized revolution, the way the world 0:09:37.559 --> 0:09:40.720 is swinging from centralization to decentralization, and we're just looking 0:09:40.760 --> 0:09:43.640 through the signpost that we see. Um. You know, if 0:09:43.679 --> 0:09:45.439 you've been with me for the entire show, I was 0:09:45.480 --> 0:09:48.680 talking about inflation. This week, the new inflation numbers came out. 0:09:49.080 --> 0:09:50.280 I want to look at it from a little bit 0:09:50.280 --> 0:09:52.240 of a different angle because what we're looking at is 0:09:52.280 --> 0:09:56.320 the breakdown of both Paul of of of three things, politics, finance, 0:09:56.320 --> 0:09:58.640 and then of course technology is the catalyst that change that. 0:09:59.040 --> 0:10:01.600 And the financial system is breaking down, the political system 0:10:01.600 --> 0:10:03.040 is breaking down. We're gonna look at both of those 0:10:03.080 --> 0:10:05.520 things some big signposts that happened. But um I was 0:10:05.559 --> 0:10:07.440 talking about earlier. I'm not going to dig super deep 0:10:07.440 --> 0:10:10.320 into it. Go back and catch out the podcast The 0:10:10.320 --> 0:10:13.760 Markmas Show, just on your favorite podcast player or Market 0:10:13.800 --> 0:10:15.720 Disruptors on YouTube if you want to watch me and 0:10:15.760 --> 0:10:17.400 listen to me at the same time. But we talked 0:10:17.400 --> 0:10:20.960 about how the new CPI Consumer Price UM index. The 0:10:21.000 --> 0:10:23.400 prices went back up again. As a matter of fact, 0:10:23.679 --> 0:10:27.319 it went up UM much higher than expected, search to 0:10:27.400 --> 0:10:30.760 more than eight point two percent, and you know, the 0:10:30.840 --> 0:10:33.520 core CPI strips out the food and energy, which is 0:10:33.520 --> 0:10:35.800 crazy because those are the two things that we need 0:10:35.800 --> 0:10:39.439 the most. But even with stripping those things out, we 0:10:39.520 --> 0:10:44.599 still went up at the highest rate since nineteen, surpassing 0:10:44.640 --> 0:10:46.880 the recent six point four percent highs that we hit 0:10:46.880 --> 0:10:51.720 in February. In March, now, even worse than that is 0:10:51.760 --> 0:10:54.920 that economists had expected the rate increased to be much 0:10:55.160 --> 0:10:58.240 much less than it was. But what we're seeing now, 0:10:58.559 --> 0:11:01.480 the monthly figures show that it's acts accelerating, and of 0:11:01.480 --> 0:11:04.640 course the photo reserve is trying to decelerate. The photo 0:11:04.679 --> 0:11:06.200 reserve is trying to tackle it and trying to get 0:11:06.200 --> 0:11:09.480 it back down to two percent, but instead it's going 0:11:09.559 --> 0:11:14.000 back up. It's a big problem now. The news sent 0:11:14.120 --> 0:11:18.079 the stock futures price plunging right the investors um revised 0:11:18.080 --> 0:11:21.600 their views of what the feds next moves will be. 0:11:22.000 --> 0:11:24.440 So everybody's waiting for this pivot. The pivot, the pivot 0:11:24.440 --> 0:11:26.640 when with the Feds stop raising rates, When with the 0:11:26.640 --> 0:11:30.000 peds the Fed start easing the monetary supply again, And 0:11:30.040 --> 0:11:33.600 so we're waiting for this move. And everybody thought that maybe, 0:11:33.960 --> 0:11:38.200 just maybe, if we started seeing the inflation numbers come down, 0:11:38.280 --> 0:11:41.079 they would pivot sooner than later, maybe this year. I 0:11:41.120 --> 0:11:44.240 was thinking maybe this year, but it looks like, based 0:11:44.240 --> 0:11:46.040 off of this new data that came out, this is 0:11:46.120 --> 0:11:49.079 probably not going to be the case. But let's talk 0:11:49.080 --> 0:11:50.720 about it from a different angle than I've already talked 0:11:50.720 --> 0:11:52.679 about it from before. So what does what does this mean? 0:11:52.760 --> 0:11:54.720 What means lots of things, right, we could sit here 0:11:54.720 --> 0:11:56.120 and talk about all the different angles and all the 0:11:56.120 --> 0:11:58.280 things that it means. But one of the things that 0:11:58.360 --> 0:12:07.200 it means is that because cp I has been revised up, um, 0:12:07.240 --> 0:12:10.280 what it means is that the cost of living goes up. 0:12:10.840 --> 0:12:12.880 We've talked about that. I'm not gonna take super deep 0:12:12.920 --> 0:12:16.200 into that, but the cost of you, um, having to 0:12:16.240 --> 0:12:18.920 buy gas for your car or food for your grocery 0:12:18.920 --> 0:12:22.120 carts has gone up. Your cost of living has gone up. Now, 0:12:22.559 --> 0:12:25.360 part of the thing that the BLS does by providing 0:12:25.400 --> 0:12:28.240 this number, the CPI data number, is it shows the 0:12:28.280 --> 0:12:32.720 cost of living, which then the Social Security Administration uses 0:12:33.280 --> 0:12:37.360 to decide how much money do distribute out to Social 0:12:37.400 --> 0:12:42.800 Security recipients. And this is a big deal and it 0:12:42.880 --> 0:12:45.320 might be a big problem. And so what we're talking 0:12:45.320 --> 0:12:49.000 about is that sociecurity payments are now set for a 0:12:49.120 --> 0:12:52.240 really really really big increase, and so it looks like 0:12:52.360 --> 0:12:55.800 tens of millions of Americans on SO security are about 0:12:55.840 --> 0:12:59.800 to get what maybe the biggest rays of their lifetime. 0:13:00.640 --> 0:13:02.240 All Right, it says the US government is said to 0:13:02.280 --> 0:13:05.480 announce how big a percentage increased SO security beneficiaries will 0:13:05.520 --> 0:13:10.120 see in monthly payments this upcoming year. It's certain to 0:13:10.320 --> 0:13:14.560 be the largest in four decades. So the largest raise 0:13:14.679 --> 0:13:18.600 pay raise that these SoC security beneficiaries get. Now, there's 0:13:18.640 --> 0:13:21.679 plenty of controversy companies that move, it says UM, known 0:13:21.720 --> 0:13:25.199 as a cost of living adjustment or COLA c o 0:13:25.360 --> 0:13:27.800 L a cost of living adjustment. Now, critics say the 0:13:27.840 --> 0:13:30.480 data of the government uses to set the increase doesn't 0:13:30.520 --> 0:13:34.800 reflect what older Americans are actually spending and thus the 0:13:34.840 --> 0:13:38.520 inflation they're actually feeling. Yes, we've talked about extensively over 0:13:38.559 --> 0:13:41.720 and over and over how manipulated that number is. So yes, 0:13:41.760 --> 0:13:44.959 it doesn't really doesn't really reflect what they're paying. So 0:13:45.320 --> 0:13:48.400 many of the tricks they do. So for example, they 0:13:48.400 --> 0:13:55.400 have something UM that basically adjusted by by swapping out items, 0:13:55.400 --> 0:13:58.280 so UM, you know, the cost of living index, the 0:13:58.280 --> 0:14:02.000 CPI used to include steak and now it just includes hamburger. 0:14:02.080 --> 0:14:04.640 You still get meat, and so thereby, since we went 0:14:04.679 --> 0:14:07.280 from steak to hamburger. Um, the price that didn't go up. 0:14:07.320 --> 0:14:09.600 As a matter of fact, it went down. Um. They 0:14:09.600 --> 0:14:12.000 also do something based off of performance. So let's say 0:14:12.000 --> 0:14:17.000 that they changed gasoline and now gasoline is supposed to 0:14:17.000 --> 0:14:20.840 be cleaner or more fuel efficient. They'll say, well, because 0:14:21.000 --> 0:14:24.160 the performance went up in the gasoline, we're not going 0:14:24.200 --> 0:14:27.840 to include the cost of it going up. Because your 0:14:27.840 --> 0:14:31.520 computer got more powerful. Um, we're not going to count 0:14:31.520 --> 0:14:36.240 the cost increase of the computer, which is insane because 0:14:36.880 --> 0:14:38.720 we still have to put the money out. Our cost 0:14:38.760 --> 0:14:41.360 of living still went up. There's lots of controversies. I 0:14:41.560 --> 0:14:44.960 spend an entire show talking about all of that, and 0:14:45.040 --> 0:14:47.120 I will if you want me to, So hit me 0:14:47.160 --> 0:14:49.120 up on social media at one Mark Moss and let 0:14:49.120 --> 0:14:51.520 me know if you think I should. Um. But we 0:14:51.560 --> 0:14:53.880 can see that, as they're saying, lots of controversy because 0:14:53.880 --> 0:14:57.240 it doesn't reflect what people are actually spending. And also 0:14:57.280 --> 0:15:00.360 because the increase is a one size fits all, which 0:15:00.360 --> 0:15:03.680 means beneficiaries get the same rays regardless of where they live. 0:15:04.480 --> 0:15:07.600 So for example, if you live in southern California, that 0:15:07.680 --> 0:15:10.280 pay raise may not be near enough. Then it would 0:15:10.280 --> 0:15:13.000 be if you lived in South Dakota or something like that, 0:15:13.200 --> 0:15:17.480 or Kansas right or another country. Now. I've been doing 0:15:17.480 --> 0:15:21.560 a lot of work with international diversification as recently speaking 0:15:21.560 --> 0:15:24.400 at the Nomad Capitalist event down in Mexico City, and 0:15:24.440 --> 0:15:26.320 I can tell you that if you're if you're on 0:15:26.360 --> 0:15:29.360 Social Security and your budget is tight, you might want 0:15:29.360 --> 0:15:32.080 to consider moving out of the country. You can move 0:15:32.160 --> 0:15:36.200 to Turkey, you can move to Columbia, you can move 0:15:36.240 --> 0:15:41.280 to Brazil, and you could have a ten x quality 0:15:41.280 --> 0:15:44.280 of your life for less money than you pay now. 0:15:44.840 --> 0:15:46.680 You can have a full time cook and a full 0:15:46.720 --> 0:15:48.880 time cleaner, and a full time show fore and a 0:15:48.880 --> 0:15:53.320 beautiful house for like two thousand dollars a month. So 0:15:53.320 --> 0:15:58.120 you're so Security would go much further. UM. So, anyway, 0:15:58.160 --> 0:15:59.920 payments are going to go up, which is a good 0:16:00.040 --> 0:16:02.000 Which is good if you're on SO Security. I mean, 0:16:02.200 --> 0:16:04.480 everybody wants more money. Sure, UM, it looks like those 0:16:04.480 --> 0:16:09.080 payments will begin probably in about January. UM they'll be permanent. UM. Now, 0:16:09.280 --> 0:16:12.560 since the year two thousand, the typical increase has been 0:16:12.560 --> 0:16:15.320 about two two and a half percent. But now with 0:16:15.400 --> 0:16:17.640 the numbers of inflation, it looks like that's going to 0:16:17.720 --> 0:16:22.200 be four more five more, which is gonna be a 0:16:22.240 --> 0:16:25.080 pretty big deal. But what does this mean in bigger sense? 0:16:25.560 --> 0:16:28.480 All right, this is pretty interesting. So if you haven't 0:16:28.480 --> 0:16:30.560 been paying attention, you probably should. Is something I kind 0:16:30.560 --> 0:16:33.480 of pay attention to because I'm you know, I've paid 0:16:33.480 --> 0:16:35.440 into SO security in my whole life. At some point 0:16:35.440 --> 0:16:36.880 maybe I'd want to pull out of it. But it 0:16:36.920 --> 0:16:40.240 looks like, um, so security is set to run out 0:16:40.280 --> 0:16:47.000 by four four that's twelve years from now. So that 0:16:47.000 --> 0:16:48.920 means that there's probably not gonna be any SO security 0:16:48.920 --> 0:16:50.920 by the time I get to the age in time 0:16:50.960 --> 0:16:54.880 to start drawing from that, and so it's already set 0:16:54.920 --> 0:16:57.920 to this was this was actually in February of this year. 0:16:58.200 --> 0:17:00.280 Um they said it's gonna set to run out. Now 0:17:00.320 --> 0:17:02.440 they're going to have to pay out even more money, 0:17:02.680 --> 0:17:06.080 which means they're going to run out even sooner. That's 0:17:06.080 --> 0:17:09.720 a big problem. So of course there's plenty of reasons 0:17:09.720 --> 0:17:11.720 why they would to manipulate the numbers to keep this 0:17:11.960 --> 0:17:14.639 security number down. The cost of living increases down, so 0:17:14.640 --> 0:17:16.040 they have to pay up more money. So they don't 0:17:16.119 --> 0:17:18.760 run out even faster than they were what they were 0:17:18.760 --> 0:17:21.280 planning on. That's gonna be a big problem. So if 0:17:21.280 --> 0:17:23.520 you're planning on so security um in the next you know, 0:17:23.560 --> 0:17:27.120 after twelve years from now, you should probably adjust what 0:17:27.160 --> 0:17:30.520 you're doing to come up with plan b um because 0:17:30.560 --> 0:17:34.080 it's gonna be a big problem. And what's what's exaggerating 0:17:34.080 --> 0:17:36.680 the problem is also the ability to even earn any 0:17:36.720 --> 0:17:40.760 money with interest rates so low, um, the economy crashing um, 0:17:40.800 --> 0:17:42.840 and so forth. It's gonna be a big problem anyway. 0:17:42.880 --> 0:17:44.680 That's it was so security Um. You're listening to the 0:17:44.720 --> 0:17:47.800 Mark Ball Show, we're talking about the decentralized revolution. We 0:17:47.800 --> 0:17:50.560 were just talking about how this centrally planned system that 0:17:50.600 --> 0:17:53.240 we have created by the follower reserve and so security 0:17:53.240 --> 0:17:55.480 and all that, it is coming to an end. It's 0:17:55.480 --> 0:17:58.280 coming to an end. Um that may be dooming gloom 0:17:58.320 --> 0:18:00.880 for some people. But I'd rather know than not know. Um. 0:18:00.960 --> 0:18:03.560 We're looking at typically through the lens of politics, finance, 0:18:03.640 --> 0:18:06.679 and technology. I have a lot more to go up 0:18:06.840 --> 0:18:09.320 in those three subjects. When I come back in a minute, 0:18:09.320 --> 0:18:11.000 I'm gona take a quick break, but I'll be back. 0:18:11.040 --> 0:18:13.240 You don't want to miss what's coming up next. So 0:18:13.600 --> 0:18:16.119 you're back, all right, welcome back. You are listening to 0:18:16.240 --> 0:18:19.320 the Markma Show. We're talking about the decentralized revolution. The 0:18:19.320 --> 0:18:23.119 way the world is changing right now. Now it's clear 0:18:23.560 --> 0:18:25.520 if you're living in this world, you know it's changing. 0:18:25.560 --> 0:18:27.480 The world as we are going into is not the 0:18:27.480 --> 0:18:30.320 one we've left behind. And we know that when we 0:18:30.359 --> 0:18:32.239 look back through thousands of years of history, we can 0:18:32.280 --> 0:18:36.080 see these cycles change the world, ebbs and flows, and 0:18:36.080 --> 0:18:39.320 we're moving from a period of centralization, central plan or 0:18:39.440 --> 0:18:44.120 central government, central banking into a world of decentralization. Of course, 0:18:44.119 --> 0:18:46.680 we look at through the lens of politics, finance, and technology, 0:18:47.119 --> 0:18:50.320 and we can see that this uh, the end of 0:18:50.359 --> 0:18:53.520 the financial era that we've known is coming to an end. 0:18:53.520 --> 0:18:56.800 To talk about it extensively, maybe the world went into 0:18:56.840 --> 0:19:00.040 well five thousand years gold was money UM. Then the 0:19:00.080 --> 0:19:04.040 whole world went into this new um financial agreement nineteen 0:19:04.480 --> 0:19:08.240 into the Breton Woods Agreement UM, where we still had 0:19:08.320 --> 0:19:10.520 the gold being money, but now the dollar was pegged 0:19:10.560 --> 0:19:12.280 to gold and other currencies were pegged to the dollar, 0:19:12.320 --> 0:19:14.840 and so we still kind of had this UM commodity 0:19:14.880 --> 0:19:18.720 based money. In nineteen seventy one, though President Richard Nixon 0:19:19.080 --> 0:19:23.160 severed the ties um to the gold standards, so removed 0:19:23.400 --> 0:19:26.800 the dollars backing too gold, and so since then the 0:19:26.880 --> 0:19:29.199 world has been in free fall. We've been about fifty 0:19:29.200 --> 0:19:33.640 one years into a financial experiment, and we went from 0:19:34.240 --> 0:19:37.760 Breton Woods one started nineteen potentially we could say nineteen 0:19:37.800 --> 0:19:41.280 seventy one. Let us to Breton Woods too. Unofficially, we 0:19:41.359 --> 0:19:45.640 went into this basically fiat monetary system that we have today. 0:19:45.840 --> 0:19:48.240 And now it is changing again and we can see 0:19:48.240 --> 0:19:50.800 that it's coming to an end. We're only fifty one 0:19:50.920 --> 0:19:55.440 years into this financial experiment and anomaly and anomaly throughout 0:19:55.560 --> 0:19:58.359 history where thousands of dollars of years, pretty much all 0:19:58.400 --> 0:20:01.080 recorded history, um, gold has been money. And now we're 0:20:01.080 --> 0:20:03.159 in this kind of fake fiat monetary system, and we 0:20:03.200 --> 0:20:07.280 can see how fast this is unraveling, and so it's 0:20:07.320 --> 0:20:09.720 easy to see that it doesn't have much more legs. Now. 0:20:09.880 --> 0:20:12.080 The Central Banks to Photo Reserve has been pretty good 0:20:12.080 --> 0:20:14.560 about pulling some rabbits out of that, had pretty good 0:20:14.800 --> 0:20:19.119 at pulling some magic tricks. However, um, you know, kicking 0:20:19.119 --> 0:20:21.080 the can down the road, so to speak. We don't 0:20:21.080 --> 0:20:23.120 know how many more they have potentially they have more, 0:20:23.160 --> 0:20:25.800 but we can see that it is getting dire. I 0:20:25.800 --> 0:20:27.000