1 00:00:00,120 --> 00:00:03,800 Speaker 1: It's always technology that changes the world, and the world 2 00:00:03,960 --> 00:00:06,440 Speaker 1: it's changing, and it makes sense. It makes sense the 3 00:00:06,440 --> 00:00:08,360 Speaker 1: world changing as fast as it is because the rate 4 00:00:08,360 --> 00:00:12,639 Speaker 1: of technological growth is also accelerating. It's gone parabolic. But 5 00:00:12,800 --> 00:00:16,919 Speaker 1: technology is a tool. That tool of technology can be 6 00:00:17,040 --> 00:00:19,360 Speaker 1: used for good and it can be used for bad. 7 00:00:19,640 --> 00:00:22,000 Speaker 1: And while we you and I, we want it for 8 00:00:22,040 --> 00:00:23,880 Speaker 1: the good, we want it for the convenience, we want 9 00:00:23,920 --> 00:00:28,360 Speaker 1: it for the efficiency that the technology brings. Unfortunately, governments 10 00:00:28,400 --> 00:00:32,240 Speaker 1: look to the technology as a tool for surveillance and control. 11 00:00:32,440 --> 00:00:33,920 Speaker 1: So in this show, I'm going to break down some 12 00:00:34,000 --> 00:00:37,240 Speaker 1: of the latest news that happened this week, outlining this 13 00:00:37,440 --> 00:00:40,159 Speaker 1: massive shift and the battle that's up ahead. We're going 14 00:00:40,240 --> 00:00:43,280 Speaker 1: to cover what happened with bitcoin and cryptocurrency this week, 15 00:00:43,320 --> 00:00:46,479 Speaker 1: including new developments and attacks from the government. We're going 16 00:00:46,520 --> 00:00:49,000 Speaker 1: to recap what the Federal Reserve meeting had, what the 17 00:00:49,040 --> 00:00:52,639 Speaker 1: economy is looking like, policy makers comments that you want 18 00:00:52,680 --> 00:00:53,800 Speaker 1: you don't want to miss if you want to know 19 00:00:53,800 --> 00:00:56,000 Speaker 1: where the economy is going. We're going to talk about 20 00:00:56,040 --> 00:00:59,800 Speaker 1: digital ideas, what governments are imposing them, how they're coming, 21 00:01:00,640 --> 00:01:03,320 Speaker 1: and we're going to look at the government overreach and 22 00:01:03,360 --> 00:01:05,080 Speaker 1: we're going to see how they're doing it right before 23 00:01:05,080 --> 00:01:06,959 Speaker 1: our varias. A whole lots to cover in the show. 24 00:01:06,959 --> 00:01:08,600 Speaker 1: If you're just tune in, you're listening to the Mark 25 00:01:08,720 --> 00:01:12,080 Speaker 1: Moss Show. We're talking about how to survive, how to 26 00:01:12,120 --> 00:01:15,199 Speaker 1: increase our income, increase our wealth, and protect our freedom 27 00:01:15,200 --> 00:01:18,080 Speaker 1: at the same time. Now, this week we saw on 28 00:01:18,280 --> 00:01:23,360 Speaker 1: Halloween Day, October thirty first was the anniversary, the fifteenth 29 00:01:23,520 --> 00:01:28,080 Speaker 1: anniversary of Bitcoin's White Paper being published. So Bitcoin, the 30 00:01:28,120 --> 00:01:32,000 Speaker 1: largest cryptocurrency, the greatest tool that we have for freedom, 31 00:01:32,000 --> 00:01:35,640 Speaker 1: in my opinion, the freedom to transact was introduced in 32 00:01:35,680 --> 00:01:37,639 Speaker 1: a white paper. So it was a piece of paper, 33 00:01:38,000 --> 00:01:40,480 Speaker 1: not a piece of paper, but a PDF that was 34 00:01:40,520 --> 00:01:44,160 Speaker 1: published on a message board by Satoshi Nakomoto on October 35 00:01:44,160 --> 00:01:48,360 Speaker 1: thirty first. Now, since that time, we've seen bitcoin rise up. 36 00:01:48,400 --> 00:01:51,280 Speaker 1: It's sprouted an entire industry. It's now one of the 37 00:01:51,320 --> 00:01:54,240 Speaker 1: most talked about subjects in the government, obviously one of 38 00:01:54,280 --> 00:01:56,560 Speaker 1: my most top talked about subjects as well. And it's 39 00:01:56,720 --> 00:01:59,559 Speaker 1: valued at over half a trillion dollars and it looks 40 00:01:59,560 --> 00:02:02,240 Speaker 1: like it's need to go. Now. A couple of interesting 41 00:02:02,320 --> 00:02:07,200 Speaker 1: things about this Satoshi Nakamoto, whoever he she they were 42 00:02:09,440 --> 00:02:12,720 Speaker 1: used some interesting things in some of the dates and 43 00:02:12,840 --> 00:02:17,320 Speaker 1: numbers and symbology. So for example, October thirty first, two 44 00:02:17,360 --> 00:02:21,280 Speaker 1: thousand and eight. Why October thirty first, two thousand and eight. Well, 45 00:02:21,440 --> 00:02:23,720 Speaker 1: what we do know is that it was the exact 46 00:02:23,760 --> 00:02:27,959 Speaker 1: same day that Martin Luther nailed the ninety five fieces 47 00:02:28,000 --> 00:02:32,600 Speaker 1: to the church door? Was that five hundred years before? 48 00:02:33,600 --> 00:02:34,919 Speaker 1: I don't know the exact day, didn't do math, but 49 00:02:34,919 --> 00:02:38,840 Speaker 1: about five hundred years earlier. So what is the significance 50 00:02:38,880 --> 00:02:42,240 Speaker 1: of that. Well, you have to understand. During that Protestant 51 00:02:42,280 --> 00:02:46,080 Speaker 1: Reformation back in the mid about fifteen hundreds, the church 52 00:02:46,120 --> 00:02:48,400 Speaker 1: in the state was the form of government. It was 53 00:02:48,440 --> 00:02:53,280 Speaker 1: a very centralized power, central control, central planned economy controlled 54 00:02:53,280 --> 00:02:55,280 Speaker 1: by the church and the state. And at the time, 55 00:02:55,840 --> 00:02:58,280 Speaker 1: the church and state working together to impose their laws, 56 00:02:58,320 --> 00:03:02,840 Speaker 1: and they controlled through controlling the narrative. So they the 57 00:03:02,960 --> 00:03:06,280 Speaker 1: church and state, told the people that they had to 58 00:03:06,400 --> 00:03:09,679 Speaker 1: listen to what they had to say about religion, about God, 59 00:03:09,720 --> 00:03:12,800 Speaker 1: about the Bible, that the only way to get to 60 00:03:12,960 --> 00:03:16,040 Speaker 1: God and to get to Heaven was through the Church 61 00:03:16,120 --> 00:03:17,720 Speaker 1: and doing all the acts that they told you to do, 62 00:03:17,760 --> 00:03:20,240 Speaker 1: and all the chivalry and all these things that they have. Well, 63 00:03:20,280 --> 00:03:22,160 Speaker 1: there was a piece of technology that was invented I 64 00:03:22,160 --> 00:03:24,360 Speaker 1: think about seventy years before, called the printing press. I 65 00:03:24,360 --> 00:03:26,840 Speaker 1: talked about this all the time, and they printed the Bible. 66 00:03:27,360 --> 00:03:29,679 Speaker 1: When the people got the Bible, they read it and said, 67 00:03:29,720 --> 00:03:32,639 Speaker 1: wait a minute, this is not what you've been telling us. 68 00:03:33,560 --> 00:03:35,880 Speaker 1: The Bible tells us that we don't need to go 69 00:03:35,960 --> 00:03:38,800 Speaker 1: through you. We can have our own path. We don't 70 00:03:38,800 --> 00:03:44,000 Speaker 1: need a central planned, a central gatekeeper. We can now 71 00:03:44,080 --> 00:03:47,520 Speaker 1: go direct, decentralized, peer to peer to God. You have 72 00:03:47,560 --> 00:03:51,120 Speaker 1: to understand the importance of this. So we're breaking this 73 00:03:51,240 --> 00:03:54,040 Speaker 1: central power, this gatekeeper that we had to go through 74 00:03:54,040 --> 00:03:56,400 Speaker 1: to God, and now through the Bible we said, now 75 00:03:56,400 --> 00:03:59,680 Speaker 1: we go direct. Okay. And really, what Martin Luther did 76 00:03:59,720 --> 00:04:01,360 Speaker 1: when he nailed the ninety five thesis to the Church 77 00:04:01,400 --> 00:04:05,880 Speaker 1: store was he disintermediated the power of the church and 78 00:04:06,000 --> 00:04:10,280 Speaker 1: state the centralization of that. And that's sort of what 79 00:04:10,920 --> 00:04:13,800 Speaker 1: happened with the Bitcoin white paper. The Bitcoin white Paper 80 00:04:13,880 --> 00:04:15,440 Speaker 1: was put up in the same way. So in the 81 00:04:15,440 --> 00:04:20,080 Speaker 1: white paper, Stocianakomotive talked about many times taking away the 82 00:04:20,240 --> 00:04:23,680 Speaker 1: need for the central administrators. Right, So we talked about 83 00:04:23,680 --> 00:04:26,600 Speaker 1: how the Internet grew, but the Internet was taken over 84 00:04:26,680 --> 00:04:30,280 Speaker 1: and was centralized, and so everything on the Internet required gatekeepers. 85 00:04:30,400 --> 00:04:32,480 Speaker 1: So for example, we have to go through Google, or 86 00:04:32,480 --> 00:04:34,680 Speaker 1: we have to go through Facebook or Amazon, things like that. 87 00:04:34,680 --> 00:04:38,400 Speaker 1: Those are gatekeepers. But more importantly, the money became centralized. 88 00:04:38,640 --> 00:04:41,120 Speaker 1: So if I want to send you money, we didn't 89 00:04:41,120 --> 00:04:43,640 Speaker 1: have Venmo and PayPal. Back when Satoshi wrote the paper, 90 00:04:44,120 --> 00:04:46,240 Speaker 1: we didn't have PayPal, we didn't have Venmo. I don't think, 91 00:04:46,320 --> 00:04:48,880 Speaker 1: but if we want to send money over the Internet, 92 00:04:48,960 --> 00:04:51,080 Speaker 1: it has to go through central gatekeeper. So if I 93 00:04:51,080 --> 00:04:53,120 Speaker 1: want to send you money even on Venmo, or I 94 00:04:53,160 --> 00:04:55,039 Speaker 1: want to pay you on your website, that's going to 95 00:04:55,040 --> 00:04:57,240 Speaker 1: go through my credit card. My credit card goes to 96 00:04:57,320 --> 00:05:00,680 Speaker 1: my bank, my bank goes to your bank, right, So 97 00:05:00,720 --> 00:05:02,720 Speaker 1: there's multiple gatekeepers in the middle of that. And so 98 00:05:02,720 --> 00:05:07,640 Speaker 1: Satoshina Kamoto created a way, invented a way for us 99 00:05:07,680 --> 00:05:11,520 Speaker 1: to transact digitally peer to peer without the need for 100 00:05:11,600 --> 00:05:14,960 Speaker 1: a central administrator, for a third party central administrator, and 101 00:05:15,040 --> 00:05:18,800 Speaker 1: so he disintermediated the power of the central bank, or 102 00:05:18,839 --> 00:05:21,839 Speaker 1: of the bank's central power, and no longer do we 103 00:05:21,920 --> 00:05:24,640 Speaker 1: need to go to this central power in order to 104 00:05:24,720 --> 00:05:27,320 Speaker 1: have access. We don't need the gatekeeper anymore, just like 105 00:05:27,520 --> 00:05:29,400 Speaker 1: Martin Luther's that we don't need the power the gatekeeper 106 00:05:29,400 --> 00:05:32,400 Speaker 1: of the church. Now we can go peer to peer. 107 00:05:32,560 --> 00:05:34,039 Speaker 1: Just like Martin Luther said, we can go peer to 108 00:05:34,040 --> 00:05:36,760 Speaker 1: peer to God. Now sim said, now we can go 109 00:05:36,800 --> 00:05:40,760 Speaker 1: peer to peer and send money between us. Very very important. 110 00:05:41,320 --> 00:05:44,000 Speaker 1: So in light of this fifteenth anniversary, I thought we'd 111 00:05:44,040 --> 00:05:46,560 Speaker 1: just bring that up as an interesting fact. Now, there 112 00:05:46,600 --> 00:05:48,760 Speaker 1: was also some big news that I saw this week 113 00:05:48,920 --> 00:05:52,800 Speaker 1: that I'm pretty excited about. Now, you might not have 114 00:05:52,839 --> 00:05:56,120 Speaker 1: heard of a company called Backed be a KKT. You 115 00:05:56,200 --> 00:05:58,320 Speaker 1: might not have heard of that, but you might have 116 00:05:58,440 --> 00:06:01,600 Speaker 1: heard the parent company. So Back was founded and it's 117 00:06:01,720 --> 00:06:06,720 Speaker 1: majority owned by a Fortune five hundred company called Intercontinental Exchange. 118 00:06:07,440 --> 00:06:09,800 Speaker 1: And you might not have heard of that company either, 119 00:06:09,960 --> 00:06:13,000 Speaker 1: even though again they're a Fortune five hundred company. But 120 00:06:13,080 --> 00:06:16,080 Speaker 1: what you might know is that it's the parent company 121 00:06:16,240 --> 00:06:19,400 Speaker 1: of the New York Stock Exchange. You might have heard 122 00:06:19,440 --> 00:06:22,240 Speaker 1: of that before. The NYSE, of course you have. It's 123 00:06:22,240 --> 00:06:23,919 Speaker 1: the largest stock exchange, right, so we've heard of the 124 00:06:23,960 --> 00:06:27,520 Speaker 1: NYIC is owned by Intercontinental Exchange, and they also own 125 00:06:27,600 --> 00:06:31,320 Speaker 1: this company called Backed. Now, they created the New York 126 00:06:31,360 --> 00:06:35,400 Speaker 1: Stock Exchange to trade stocks, and they created Backed to 127 00:06:35,600 --> 00:06:38,640 Speaker 1: trade cryptocurrencies. It's a pretty big deal. This is a 128 00:06:38,720 --> 00:06:41,960 Speaker 1: legitimate player now. Backed has been around for a number 129 00:06:41,960 --> 00:06:44,119 Speaker 1: of years and they've been trying to implement some new things. 130 00:06:44,120 --> 00:06:47,320 Speaker 1: And it's important to understand these companies from very key 131 00:06:48,279 --> 00:06:51,240 Speaker 1: players in this institutional space and what they're doing. And 132 00:06:51,279 --> 00:06:55,200 Speaker 1: they've been building through this bear market because they're in 133 00:06:55,240 --> 00:06:57,680 Speaker 1: it for a long term. So what do they do? Well, 134 00:06:58,320 --> 00:07:00,839 Speaker 1: first of all, what do they do? So they offer custody, 135 00:07:01,120 --> 00:07:04,000 Speaker 1: So they offer institutional grade custoding. So it's cool for 136 00:07:04,040 --> 00:07:05,520 Speaker 1: me and you. If you have some bitcoin, you should 137 00:07:05,560 --> 00:07:07,680 Speaker 1: definitely not keep it on exchange, put on your own wallet. 138 00:07:07,880 --> 00:07:11,120 Speaker 1: But if you're an institutional grade, it's a different level 139 00:07:11,240 --> 00:07:13,360 Speaker 1: that you need and they offer that. But let's talk 140 00:07:13,360 --> 00:07:15,960 Speaker 1: about what they did. So what they did is they 141 00:07:16,000 --> 00:07:18,880 Speaker 1: created a new service on Lightning. So Lightning is a 142 00:07:18,920 --> 00:07:20,920 Speaker 1: layer two on Bitcoin that allows you to send money 143 00:07:21,440 --> 00:07:24,280 Speaker 1: almost free and almost instant. And what they've done is 144 00:07:24,280 --> 00:07:27,720 Speaker 1: they built out a new program that allows their clients 145 00:07:27,760 --> 00:07:32,600 Speaker 1: to send money globally interoperably, instantly and almost for free, 146 00:07:34,000 --> 00:07:38,000 Speaker 1: using something unique called a UMA Universal Money Address, and 147 00:07:38,040 --> 00:07:40,480 Speaker 1: it allows them to send money cross border or do 148 00:07:40,560 --> 00:07:44,520 Speaker 1: business to business settlement almost instantaneous, almost free, over the 149 00:07:44,560 --> 00:07:48,560 Speaker 1: Bitcoin Lightning network. Now, what's important about this is that 150 00:07:48,800 --> 00:07:51,440 Speaker 1: what they said in this release is you shouldn't have 151 00:07:51,520 --> 00:07:54,440 Speaker 1: to be a bitcoin enthusiast to get the benefits of 152 00:07:54,640 --> 00:07:57,640 Speaker 1: using bitcoin. What does that mean. It says you don't 153 00:07:57,680 --> 00:08:01,400 Speaker 1: even have to own bitcoin. M Gmail users don't need 154 00:08:01,440 --> 00:08:05,200 Speaker 1: to understand how the protocol that powers email SMTP works. 155 00:08:05,520 --> 00:08:08,160 Speaker 1: Mainstream users should not need to understand Bitcoin or how 156 00:08:08,280 --> 00:08:11,360 Speaker 1: Lightning works. So right, you don't know how SMTP works, 157 00:08:11,640 --> 00:08:14,240 Speaker 1: but yet you use Gmail every day, so you don't 158 00:08:14,240 --> 00:08:16,320 Speaker 1: need to know how Bitcoin or Lightning works to use 159 00:08:16,360 --> 00:08:18,520 Speaker 1: the benefits of it. They say, these are the protocols 160 00:08:18,520 --> 00:08:22,520 Speaker 1: that should be abstracted away from everyday users, at least initially, 161 00:08:23,040 --> 00:08:26,920 Speaker 1: while still delivering significantly more value to other options. Our 162 00:08:26,920 --> 00:08:30,040 Speaker 1: clients and their customers need to need, not know or 163 00:08:30,200 --> 00:08:33,280 Speaker 1: care that Bitcoin's being used under the hood. They also 164 00:08:33,360 --> 00:08:35,880 Speaker 1: do not need to hold bitcoin. We take care of 165 00:08:35,880 --> 00:08:39,959 Speaker 1: the transaction logistics on the network for them. Bitcoin becomes 166 00:08:40,000 --> 00:08:45,319 Speaker 1: a money transmission protocol that enables FIAT to FIAT transfers. 167 00:08:45,640 --> 00:08:50,319 Speaker 1: Bitcoin optional, so they say, senders can can send dollars 168 00:08:50,760 --> 00:08:55,360 Speaker 1: and receivers can receive in pesos in seconds. So they're 169 00:08:55,520 --> 00:09:01,520 Speaker 1: using Bitcoin network and lightning to transfer money instantaneously anywhere 170 00:09:01,559 --> 00:09:03,880 Speaker 1: in the world almost for free. And I can send dollars, 171 00:09:03,880 --> 00:09:06,319 Speaker 1: you can receive in paces and you don't ever have 172 00:09:06,440 --> 00:09:10,080 Speaker 1: to know about bitcoin or lightning. That's a really big deal. 173 00:09:10,320 --> 00:09:12,800 Speaker 1: Technology is moving at the pace and this is the 174 00:09:12,880 --> 00:09:16,120 Speaker 1: change that needs to take it to mainstream adoption. If 175 00:09:16,120 --> 00:09:17,920 Speaker 1: you're just tuning in, you're listening to the Mark Mass Show, 176 00:09:18,080 --> 00:09:20,120 Speaker 1: we're breaking through some of the latest breaking news headlines 177 00:09:20,120 --> 00:09:23,040 Speaker 1: this week to show you how technology is changed in 178 00:09:23,080 --> 00:09:24,680 Speaker 1: the world. We're going to talk about what the governments 179 00:09:24,720 --> 00:09:26,240 Speaker 1: are doing about this. I want to be back with 180 00:09:26,280 --> 00:09:29,520 Speaker 1: a whole lot more news headlines of this week in 181 00:09:29,559 --> 00:09:31,480 Speaker 1: a minute. Don't go away, all right, Welcome back. If 182 00:09:31,480 --> 00:09:33,319 Speaker 1: you're just tune in, you're listening to the Mark Mass Show, 183 00:09:33,320 --> 00:09:35,400 Speaker 1: We're running through some of the latest breaking news headlines 184 00:09:35,440 --> 00:09:39,280 Speaker 1: this week, kind of outlining this collision course that technology 185 00:09:39,480 --> 00:09:42,360 Speaker 1: and governments are on. We are coming to a head 186 00:09:42,440 --> 00:09:44,760 Speaker 1: and we're seeing the fireworks from that. Now. Some of 187 00:09:44,760 --> 00:09:49,480 Speaker 1: the things that we saw this week. I talk about finance, 188 00:09:49,600 --> 00:09:54,240 Speaker 1: politics and technology together, and this week we saw big 189 00:09:54,280 --> 00:09:56,240 Speaker 1: news came out of the FED, the Federal Reserve. There 190 00:09:56,280 --> 00:09:59,200 Speaker 1: was a big meeting this week and basically the Fed 191 00:09:59,200 --> 00:10:03,920 Speaker 1: decided to leave rates unchanged again. They pause in September, 192 00:10:04,720 --> 00:10:07,680 Speaker 1: and sort of as expected, they decide to leave those 193 00:10:07,800 --> 00:10:13,800 Speaker 1: rates paused again. Now, there was a lot of talk 194 00:10:13,840 --> 00:10:17,520 Speaker 1: about what's going on because inflation still hasn't really been caught, 195 00:10:17,840 --> 00:10:21,079 Speaker 1: It hasn't really been brought under control. You're hearing from 196 00:10:21,120 --> 00:10:23,520 Speaker 1: some of the headlines that maybe it's been there. Jerome 197 00:10:23,600 --> 00:10:25,840 Speaker 1: Pale is saying that maybe we've done enough. We'll have 198 00:10:25,880 --> 00:10:27,920 Speaker 1: to keep an eye on it. We'll see. Their goal 199 00:10:27,960 --> 00:10:30,839 Speaker 1: is to get inflation back down to two percent, but 200 00:10:31,000 --> 00:10:33,520 Speaker 1: they but they don't know if they've got there yet. 201 00:10:33,520 --> 00:10:37,360 Speaker 1: So they're saying that maybe there will be some more raises, 202 00:10:37,559 --> 00:10:41,160 Speaker 1: but we don't know. But here's the problem. They're raising 203 00:10:41,280 --> 00:10:45,520 Speaker 1: rates in order to bring inflation down. Supply and demand, right, 204 00:10:45,800 --> 00:10:48,040 Speaker 1: So what they're hoping is that if they can make 205 00:10:48,080 --> 00:10:50,080 Speaker 1: you and I poor, if they can make us broke, 206 00:10:50,520 --> 00:10:53,520 Speaker 1: then that will slow us the demand side down. You 207 00:10:53,559 --> 00:10:55,680 Speaker 1: and I will be buying less things, will be less 208 00:10:55,720 --> 00:10:59,120 Speaker 1: demand for goods, and if there's less demand for goods, 209 00:10:59,520 --> 00:11:02,200 Speaker 1: the price will come down. That's what they hope. But 210 00:11:02,320 --> 00:11:07,120 Speaker 1: here's the problem. They can only affect that side now 211 00:11:07,120 --> 00:11:10,080 Speaker 1: that they know we couldn't get the supply side up. 212 00:11:10,080 --> 00:11:11,720 Speaker 1: But they can't affect that either, so they can crush 213 00:11:11,720 --> 00:11:14,880 Speaker 1: the demand. But here's the problem. Most of the demand 214 00:11:15,120 --> 00:11:18,120 Speaker 1: in the US economy today is not coming from you 215 00:11:18,200 --> 00:11:21,520 Speaker 1: and I. It's not coming from individual people. It's not 216 00:11:21,520 --> 00:11:25,040 Speaker 1: coming from us buying too much. Most of it is 217 00:11:25,040 --> 00:11:28,480 Speaker 1: now coming from the government. The US Treasury Department is 218 00:11:28,520 --> 00:11:31,920 Speaker 1: spending like a drunken sailor and they're driving the market. 219 00:11:31,960 --> 00:11:35,080 Speaker 1: So even if the FED were to drive unemployment up 220 00:11:35,080 --> 00:11:38,760 Speaker 1: to ten percent and make us all broke, it would 221 00:11:38,800 --> 00:11:42,079 Speaker 1: only reduce the amount of spending by so much because 222 00:11:42,120 --> 00:11:45,839 Speaker 1: the majority of the spending is coming from the government side. Now, 223 00:11:45,880 --> 00:11:49,920 Speaker 1: there's also some other data within the consumer side spending. So, 224 00:11:50,000 --> 00:11:53,040 Speaker 1: for example, the baby boomer generation is the largest segment 225 00:11:53,080 --> 00:11:57,920 Speaker 1: of the population right now, and they're going to die soon. 226 00:11:58,520 --> 00:12:01,280 Speaker 1: I hate to be so blind the end of their career, 227 00:12:01,280 --> 00:12:04,000 Speaker 1: the end of their life, if you will. And these 228 00:12:04,000 --> 00:12:06,959 Speaker 1: baby boomers have a lot of wealth, tens of trillions, 229 00:12:06,960 --> 00:12:11,360 Speaker 1: I think over sixty trillion dollars of wealth. Now, some 230 00:12:11,480 --> 00:12:13,400 Speaker 1: of them might want to pass a good chunk of 231 00:12:13,440 --> 00:12:15,520 Speaker 1: it down to their airs, and a lot of them 232 00:12:15,640 --> 00:12:18,520 Speaker 1: might just want to spend it. And that's exactly what 233 00:12:18,520 --> 00:12:20,520 Speaker 1: we're seeing. So we're seeing a massive amount of spending 234 00:12:20,559 --> 00:12:24,079 Speaker 1: coming for the baby Bommers. And really, no matter how 235 00:12:24,200 --> 00:12:27,040 Speaker 1: much the Fed raises rates to try to make us broke, 236 00:12:27,320 --> 00:12:29,280 Speaker 1: these people are going to spend the money. So we 237 00:12:29,320 --> 00:12:31,280 Speaker 1: sort of have this dynamic and the consumers that are 238 00:12:31,320 --> 00:12:33,280 Speaker 1: going to continue to spend, but we also have this 239 00:12:33,320 --> 00:12:36,600 Speaker 1: dynamic of the Treasury Department wanting to continue to spend 240 00:12:36,760 --> 00:12:39,400 Speaker 1: and spend they are. As a matter of fact, it's 241 00:12:39,400 --> 00:12:41,120 Speaker 1: not enough to have one war. Now we want to 242 00:12:41,120 --> 00:12:44,040 Speaker 1: have two wars in addition to funding all of this 243 00:12:44,440 --> 00:12:48,040 Speaker 1: esg renewable ev nonsense we talked about in the first section, 244 00:12:48,679 --> 00:12:51,040 Speaker 1: billions of dollars literally getting lit on fire. Now we're 245 00:12:51,040 --> 00:12:53,600 Speaker 1: fighting a war in Russia, Ukraine hundred billion dollars plus 246 00:12:53,640 --> 00:12:56,360 Speaker 1: over there. Now we're in the Middle East, and Jenny 247 00:12:56,360 --> 00:12:58,560 Speaker 1: Allen says, certainly we have enough money to fight two wars, 248 00:12:58,559 --> 00:13:00,600 Speaker 1: and maybe we'll fight three or four if we want 249 00:13:00,600 --> 00:13:03,200 Speaker 1: to go to Russia. I'm sorry China and Taiwan as well. 250 00:13:04,360 --> 00:13:06,360 Speaker 1: And we're seeing it in the data. As a matter 251 00:13:06,400 --> 00:13:08,120 Speaker 1: of fact, just this week we saw the Treasury Department 252 00:13:08,160 --> 00:13:12,040 Speaker 1: said it will be looking to borrow on another seven 253 00:13:12,160 --> 00:13:15,760 Speaker 1: hundred and seventy six billion in the last three months 254 00:13:15,760 --> 00:13:18,960 Speaker 1: of twenty twenty three and eight hundred and sixteen billion 255 00:13:19,240 --> 00:13:22,040 Speaker 1: in the first three months of twenty twenty four. What 256 00:13:22,040 --> 00:13:25,320 Speaker 1: does that mean, Well, they need to borrow the money, 257 00:13:25,320 --> 00:13:27,680 Speaker 1: which means they don't have it. They don't have it, 258 00:13:27,720 --> 00:13:31,840 Speaker 1: which means they're spending money they don't have. That's deficit spending. 259 00:13:31,960 --> 00:13:34,760 Speaker 1: So again, the government can't give something they haven't taken. 260 00:13:34,840 --> 00:13:38,640 Speaker 1: So they're taking your tax money and they're spending it, 261 00:13:39,160 --> 00:13:41,520 Speaker 1: but they're spending more than the tax money they bring in. 262 00:13:41,520 --> 00:13:45,920 Speaker 1: It's pretty simple, right, But it's simple, but it's big. 263 00:13:46,240 --> 00:13:49,959 Speaker 1: So the government basically projects what their deficit will be. 264 00:13:50,320 --> 00:13:51,880 Speaker 1: Here's how much money we'll need to borrow for the 265 00:13:51,960 --> 00:13:55,120 Speaker 1: next quarter. The problem is that every time they project 266 00:13:55,160 --> 00:13:56,880 Speaker 1: they need to borrow a certain amount of money, it 267 00:13:57,000 --> 00:14:01,320 Speaker 1: comes out to be more. So they need to borrow 268 00:14:01,360 --> 00:14:06,000 Speaker 1: another seven seven six seven hundred seventy six billion in 269 00:14:06,040 --> 00:14:07,959 Speaker 1: the last three months of twenty twenty three and eight 270 00:14:08,000 --> 00:14:13,560 Speaker 1: hundred billion. So we're looking at one point five trillion 271 00:14:13,640 --> 00:14:19,960 Speaker 1: dollars one point five trillion dollars now, Fed charge Rome 272 00:14:20,040 --> 00:14:23,360 Speaker 1: Powell might be done raising interest rates, but that doesn't 273 00:14:23,400 --> 00:14:27,720 Speaker 1: mean rates won't continue to rise. Why is that? That's 274 00:14:27,720 --> 00:14:31,440 Speaker 1: because the US government has been borrowing so much money. 275 00:14:30,960 --> 00:14:33,840 Speaker 1: They need to borrow one point five trillion moving forward, 276 00:14:33,880 --> 00:14:37,840 Speaker 1: but they borrowed one trillion last quarter alone, and they're 277 00:14:37,840 --> 00:14:41,000 Speaker 1: going to continue to need more and more money, and 278 00:14:41,160 --> 00:14:43,520 Speaker 1: they're going to have to continue to paying higher rates 279 00:14:43,640 --> 00:14:46,320 Speaker 1: thanks to the Fed. Why thanks to the Fed? What 280 00:14:46,360 --> 00:14:47,880 Speaker 1: do you mean if the Fed doesn't raise rates, why 281 00:14:47,880 --> 00:14:51,280 Speaker 1: did they pay higher rates? Because as of right now, 282 00:14:51,680 --> 00:14:55,800 Speaker 1: the Fed is not buying treasuries. They're supposedly tightening, and 283 00:14:55,840 --> 00:14:59,480 Speaker 1: so if they're not buying them, then who's buying them? 284 00:15:00,360 --> 00:15:03,240 Speaker 1: So we don't have enough buyers, but the Treasury continues 285 00:15:03,280 --> 00:15:04,760 Speaker 1: to need to do it, so in order to get 286 00:15:04,800 --> 00:15:08,040 Speaker 1: more buyers, the rates will have to go up. Now 287 00:15:08,320 --> 00:15:11,080 Speaker 1: they could be secretly buying it, but we don't know. 288 00:15:11,960 --> 00:15:13,800 Speaker 1: There's a fun fact that you may not be aware 289 00:15:13,840 --> 00:15:17,240 Speaker 1: of that the Federal Reserve has never been audited. As 290 00:15:17,280 --> 00:15:19,160 Speaker 1: a matter of fact, it was really what kind of 291 00:15:19,200 --> 00:15:21,200 Speaker 1: woke me up and brought me into even where I'm 292 00:15:21,200 --> 00:15:24,200 Speaker 1: at today, which was Ron Paul running the End the 293 00:15:24,200 --> 00:15:26,040 Speaker 1: Fed campaign. I think it was around two thousand and 294 00:15:26,120 --> 00:15:29,560 Speaker 1: two thousand and nine in the FED. Ron Paul's son, 295 00:15:29,600 --> 00:15:33,360 Speaker 1: Senator Ran Paul, has been pushing this audit the FED 296 00:15:33,400 --> 00:15:36,280 Speaker 1: bill for a while, and he's back this week pushing 297 00:15:36,240 --> 00:15:39,800 Speaker 1: an amendment to a major spending bill that would finally 298 00:15:40,280 --> 00:15:44,160 Speaker 1: that would finally bring the Fed into an audit. Maybe 299 00:15:44,240 --> 00:15:47,320 Speaker 1: we'll see he's been trying to do this for a 300 00:15:47,320 --> 00:15:49,800 Speaker 1: long time, and of course they don't want to do that, 301 00:15:49,920 --> 00:15:53,080 Speaker 1: So we'll see where this goes. But if this could 302 00:15:53,120 --> 00:15:56,040 Speaker 1: finally be the piece, could we finally audit the FED 303 00:15:56,160 --> 00:15:58,560 Speaker 1: to see what would happen where all the money went? 304 00:15:59,360 --> 00:16:02,000 Speaker 1: He wants to use use prevailing accounting standards to figure 305 00:16:02,000 --> 00:16:04,120 Speaker 1: out where the billions and trillions are coming from and 306 00:16:04,160 --> 00:16:07,160 Speaker 1: more importantly, where they're going. Now, the question I would 307 00:16:07,200 --> 00:16:10,720 Speaker 1: ask is, if we audit the FED, what do we 308 00:16:10,800 --> 00:16:15,320 Speaker 1: do with that data? What happens? It's an interesting question, 309 00:16:15,360 --> 00:16:17,360 Speaker 1: but at least it would bring it to the forefront 310 00:16:17,640 --> 00:16:21,240 Speaker 1: most of us already know. What we already know is 311 00:16:21,240 --> 00:16:24,200 Speaker 1: that the Federal Reserve is the center of the problem. 312 00:16:24,840 --> 00:16:27,760 Speaker 1: They are the one causing all of these problems, not 313 00:16:28,040 --> 00:16:31,880 Speaker 1: just with unaffordability, I mean housing, cars, food, et cetera. 314 00:16:31,960 --> 00:16:33,880 Speaker 1: We're not being able, we're not affording to live. But 315 00:16:34,120 --> 00:16:37,520 Speaker 1: even to the endless wars. If they don't continue printing money, 316 00:16:37,520 --> 00:16:40,320 Speaker 1: how do we continue to fight in Ukraine and Israel 317 00:16:40,400 --> 00:16:42,960 Speaker 1: and every other place that we're fighting. So the Federal 318 00:16:42,960 --> 00:16:45,640 Speaker 1: Reserve really is at the center of all these problems, 319 00:16:46,680 --> 00:16:49,640 Speaker 1: and so it would be good to get to the 320 00:16:49,640 --> 00:16:52,160 Speaker 1: bottom of it. So, for example, the Fed told us 321 00:16:52,160 --> 00:16:56,080 Speaker 1: they spend about one point two trillion dollars after two 322 00:16:56,080 --> 00:16:58,160 Speaker 1: thousand and eight to beil out the economy, and a 323 00:16:58,240 --> 00:17:00,120 Speaker 1: Foyer request that came out last year looks like it 324 00:17:00,160 --> 00:17:04,040 Speaker 1: was about twenty eight trillion, not one trillion, but twenty 325 00:17:04,040 --> 00:17:09,720 Speaker 1: eight trillion. Where did that twenty eight trillion go? Well, 326 00:17:09,760 --> 00:17:12,280 Speaker 1: it goes in somebody's pocket. I mean, sure, it went 327 00:17:12,359 --> 00:17:15,840 Speaker 1: to some company to buy something, but it went into 328 00:17:15,880 --> 00:17:19,280 Speaker 1: that company's pocket. It went into somebody's pocket. It's what 329 00:17:19,560 --> 00:17:22,119 Speaker 1: Frederick Bastiat, the author of the book called the Law, 330 00:17:22,160 --> 00:17:25,119 Speaker 1: which if you haven't read it you should. He dubs 331 00:17:25,160 --> 00:17:28,800 Speaker 1: it a term called legal plunder, and that means basically, 332 00:17:29,359 --> 00:17:33,040 Speaker 1: through grift and graph that we legally impose we can 333 00:17:33,119 --> 00:17:36,960 Speaker 1: extract money out of the government. Now, Ran Paul wants 334 00:17:37,040 --> 00:17:41,399 Speaker 1: this Government Accountability Office to fully audit transactions for or 335 00:17:41,440 --> 00:17:44,480 Speaker 1: with foreign central banks as well, because it's not just 336 00:17:44,520 --> 00:17:47,560 Speaker 1: the US companies governments that are getting money, it's also 337 00:17:48,160 --> 00:17:50,399 Speaker 1: foreign governments that are getting that money as well, and 338 00:17:50,480 --> 00:17:52,119 Speaker 1: so we have to see what that is. But of 339 00:17:52,119 --> 00:17:54,240 Speaker 1: course the Fed doesn't want it. We'll see if this 340 00:17:54,320 --> 00:17:57,639 Speaker 1: showdown comes to a head. I'm rooting for it anyway. 341 00:17:57,640 --> 00:17:59,080 Speaker 1: If you just tune in, you listening to the Mark 342 00:17:59,160 --> 00:18:01,600 Speaker 1: mass Show run through some of the latest breaking news 343 00:18:01,640 --> 00:18:04,360 Speaker 1: headlines to show you how to preserve your wealth and 344 00:18:04,400 --> 00:18:06,800 Speaker 1: your freedom in the changing world that's coming ahead. We're 345 00:18:06,840 --> 00:18:08,200 Speaker 1: back with more in a minute. You don't want to 346 00:18:08,200 --> 00:18:10,359 Speaker 1: miss it, don't go away. I'll be right back, all right. 347 00:18:10,400 --> 00:18:11,760 Speaker 1: If you just tune it in, you're listening to the 348 00:18:11,760 --> 00:18:13,440 Speaker 1: Mark Mas Show. We're running through some of the latest 349 00:18:13,480 --> 00:18:15,960 Speaker 1: breaking news headlines this week, so you can protect your 350 00:18:16,640 --> 00:18:19,439 Speaker 1: purchasing power, you can protect your wealth, your income, and 351 00:18:19,480 --> 00:18:21,240 Speaker 1: you can protect your freedom at the same time. Now 352 00:18:21,400 --> 00:18:24,080 Speaker 1: we're talking about today this collision course that we're on 353 00:18:24,200 --> 00:18:28,320 Speaker 1: with technology and governments. The technology that gives us the convenience, 354 00:18:29,200 --> 00:18:31,560 Speaker 1: the efficiency that we want. But yet it also gives 355 00:18:31,640 --> 00:18:34,879 Speaker 1: the government the tools they need for more surveillance and control. 356 00:18:35,160 --> 00:18:37,040 Speaker 1: And this is all going to be coming to a head, 357 00:18:37,080 --> 00:18:39,879 Speaker 1: and we see it ramping up, and this week we 358 00:18:39,920 --> 00:18:41,960 Speaker 1: saw more evidence of that. As a matter of fact, 359 00:18:42,400 --> 00:18:45,359 Speaker 1: Christine Leguard, head of the European Central Bank, came out 360 00:18:45,400 --> 00:18:48,359 Speaker 1: with a big announcement. Shouldn't have been a big surprise. 361 00:18:48,400 --> 00:18:50,520 Speaker 1: I've been talking about for a long time that the 362 00:18:50,720 --> 00:18:55,040 Speaker 1: digital Euro, the CBDC is advancing and it's now in 363 00:18:55,040 --> 00:18:58,240 Speaker 1: the preparation phase. Now. I always like to mention that 364 00:18:58,320 --> 00:19:01,600 Speaker 1: Christine the Guard is a criminal, a convicted criminal when 365 00:19:01,640 --> 00:19:03,639 Speaker 1: she worked at the IMF and now she's running the 366 00:19:03,680 --> 00:19:07,000 Speaker 1: European Central Bank. But she's basically ripped the band aid off, 367 00:19:07,000 --> 00:19:10,879 Speaker 1: if you will. Saying that, enough talking here it is. 368 00:19:10,880 --> 00:19:13,080 Speaker 1: She released a one minute video in which she announced 369 00:19:13,119 --> 00:19:16,960 Speaker 1: that a digital Euro has officially entered what she calls 370 00:19:17,000 --> 00:19:20,760 Speaker 1: again the preparation phase. Now, this is a central bank 371 00:19:20,800 --> 00:19:24,800 Speaker 1: digital currency. I've talked about these ad Nauseum's a digital money, 372 00:19:24,840 --> 00:19:28,159 Speaker 1: which you know, I think somewhere about eighty percent of 373 00:19:28,200 --> 00:19:31,840 Speaker 1: all transactions are done digitally. Anyway, I don't want this. 374 00:19:31,960 --> 00:19:34,879 Speaker 1: I think it's the last piece the governments need to 375 00:19:35,000 --> 00:19:39,280 Speaker 1: enact their authoritarian grip on us. But even knowing that, 376 00:19:39,600 --> 00:19:41,680 Speaker 1: I still don't use a lot of cash. I still 377 00:19:41,720 --> 00:19:44,000 Speaker 1: use my debit cards, my credit cards, wire transfers, things 378 00:19:44,000 --> 00:19:47,200 Speaker 1: like that. So we already have digital money. But essential 379 00:19:47,200 --> 00:19:49,359 Speaker 1: by digital currency is obviously so much more than I 380 00:19:49,359 --> 00:19:51,440 Speaker 1: talk about all the time. It's not just digital money, 381 00:19:51,520 --> 00:19:55,600 Speaker 1: it's programmable money. And because it's programmable, they can build 382 00:19:55,760 --> 00:19:59,160 Speaker 1: rules into it to do certain things. So, for example, 383 00:20:00,040 --> 00:20:03,480 Speaker 1: if they don't want you eating red meat up, you've 384 00:20:03,600 --> 00:20:06,920 Speaker 1: gone over your red meat allotment, No more money, you 385 00:20:06,960 --> 00:20:09,280 Speaker 1: can't buy anymore. You've gone over your carbon allowance, no 386 00:20:09,320 --> 00:20:11,760 Speaker 1: more gas for your car, no more plane tickets for you, 387 00:20:11,920 --> 00:20:15,040 Speaker 1: anything like that. So they could program it different races, 388 00:20:15,080 --> 00:20:17,679 Speaker 1: different sexes, different identities, all these different things they could do. 389 00:20:18,600 --> 00:20:21,639 Speaker 1: It could be very scary, very authoritarian. Now, of course, 390 00:20:21,880 --> 00:20:25,199 Speaker 1: miss Laguard, she assures the European citizens that that's not 391 00:20:25,280 --> 00:20:27,240 Speaker 1: going to be the case. That's not gonna be the case. 392 00:20:27,440 --> 00:20:29,960 Speaker 1: She asserars people that they will still have full control 393 00:20:30,040 --> 00:20:34,119 Speaker 1: over their money and cash, because cash will remain available 394 00:20:34,160 --> 00:20:37,119 Speaker 1: to those who choose to still use it for now, 395 00:20:37,280 --> 00:20:39,560 Speaker 1: of course. Right, this is all part of a tactic. 396 00:20:39,600 --> 00:20:43,480 Speaker 1: It's sort of the proverbial frog and the boiling pot 397 00:20:43,520 --> 00:20:46,040 Speaker 1: of water. Right, You have to turn the heat up slowly, 398 00:20:46,440 --> 00:20:48,639 Speaker 1: otherwise the frog is going to jump out. If they 399 00:20:48,680 --> 00:20:50,080 Speaker 1: just took all the cash off the street, put the 400 00:20:50,080 --> 00:20:53,560 Speaker 1: CBDCs in effect, and put total control locked down, people 401 00:20:53,560 --> 00:20:55,959 Speaker 1: are going to riot in the streets. But if they 402 00:20:56,040 --> 00:20:59,159 Speaker 1: do it slowly and they slowly introduced it, and they 403 00:20:59,240 --> 00:21:01,320 Speaker 1: incentivize you to use it, probably just like they did 404 00:21:01,320 --> 00:21:04,240 Speaker 1: in China. If you download the app, you're gonna get whatever, 405 00:21:04,280 --> 00:21:07,000 Speaker 1: five hundred, one thousand dollars or free money, I'll probably 406 00:21:07,040 --> 00:21:08,600 Speaker 1: do it. They're gonna give me a thousand dollars free money, 407 00:21:08,600 --> 00:21:10,840 Speaker 1: I'll probably take it as well. And then the cash 408 00:21:10,920 --> 00:21:13,520 Speaker 1: is still available. But then maybe the big bills go 409 00:21:13,520 --> 00:21:15,560 Speaker 1: out of circulation, and then there's not as many bank 410 00:21:15,600 --> 00:21:19,679 Speaker 1: branches or ATMs available, and over a period of time 411 00:21:20,160 --> 00:21:22,920 Speaker 1: it starts to disappear. Like I said, it's a tactic 412 00:21:23,359 --> 00:21:26,280 Speaker 1: being used to people that are apprehensive about these things. 413 00:21:26,440 --> 00:21:29,560 Speaker 1: If you're apprehensive about feeling like a sheep a piece 414 00:21:29,560 --> 00:21:33,320 Speaker 1: of cattle being herded into a digital monetary panopticon. Then 415 00:21:33,359 --> 00:21:36,240 Speaker 1: you have to be slow walked in. Now, in this 416 00:21:36,320 --> 00:21:41,080 Speaker 1: preparation phase, it should be viewed as like a light nudging. 417 00:21:41,600 --> 00:21:46,200 Speaker 1: It's a light nudging towards the normalization phase, during which 418 00:21:46,320 --> 00:21:51,280 Speaker 1: we'll probably see a bombardment of propaganda, if you will, 419 00:21:51,359 --> 00:21:55,600 Speaker 1: letting us know everywhere the digital euros here. It's an improvement. 420 00:21:56,080 --> 00:21:59,320 Speaker 1: It's faster, it's cheaper, it's easier, it's more inclusive. They're 421 00:21:59,320 --> 00:22:02,000 Speaker 1: going to tell us that, right, this allows more people 422 00:22:02,040 --> 00:22:04,040 Speaker 1: to use it because you don't have to be able 423 00:22:04,080 --> 00:22:05,719 Speaker 1: to have access to a bank. Now you can do 424 00:22:05,760 --> 00:22:08,200 Speaker 1: it from your phone, so it's more inclusive. It's better 425 00:22:08,200 --> 00:22:11,440 Speaker 1: for everybody. What they think is that people want a 426 00:22:11,560 --> 00:22:14,520 Speaker 1: digital money. What they failed to realize is we do 427 00:22:14,600 --> 00:22:16,920 Speaker 1: want a digital money, but we don't want theirs. We 428 00:22:16,960 --> 00:22:20,679 Speaker 1: want our own. Now, not only do European citizens have 429 00:22:20,720 --> 00:22:22,399 Speaker 1: nothing to worry about, she said, but they should be 430 00:22:22,440 --> 00:22:25,760 Speaker 1: excited to usher in this innovative technology to reap the 431 00:22:25,800 --> 00:22:27,360 Speaker 1: benefits of increased efficiencies. 432 00:22:27,520 --> 00:22:27,639 Speaker 2: Now. 433 00:22:27,640 --> 00:22:29,640 Speaker 1: It's interesting that she says that because a quote I've 434 00:22:29,680 --> 00:22:31,840 Speaker 1: used of hers for many times, I've used many times. 435 00:22:31,880 --> 00:22:34,560 Speaker 1: A couple of years ago, she said that innovation is 436 00:22:34,600 --> 00:22:38,879 Speaker 1: a threat to our financial stability. That's what she said. 437 00:22:39,080 --> 00:22:42,399 Speaker 1: Innovation is a threat to our financial stability. Now what 438 00:22:42,440 --> 00:22:45,240 Speaker 1: she was saying, and now now she's saying that innovation 439 00:22:45,359 --> 00:22:48,680 Speaker 1: technology allows us to reap the benefits of increased efficiencies. 440 00:22:49,760 --> 00:22:52,199 Speaker 1: So what's going on here. What she was saying is 441 00:22:52,200 --> 00:22:55,200 Speaker 1: that innovation is a threat to our financial stability. Innovations 442 00:22:55,240 --> 00:22:58,879 Speaker 1: such as bitcoin and cryptocurrencies, innovation in the private market, 443 00:22:59,080 --> 00:23:01,919 Speaker 1: innovation that allows you to have your own money on 444 00:23:01,960 --> 00:23:05,280 Speaker 1: your own terms. That's a threat to us because you 445 00:23:05,440 --> 00:23:08,159 Speaker 1: leave our system to a new system. Now what she's 446 00:23:08,160 --> 00:23:10,720 Speaker 1: saying is innovation technology allows us to read the benefits 447 00:23:10,960 --> 00:23:14,600 Speaker 1: if you use our innovation. If you use our technology, 448 00:23:15,000 --> 00:23:18,840 Speaker 1: then we get the increased benefits of efficiencies, So they 449 00:23:19,080 --> 00:23:22,680 Speaker 1: become more efficient. They can surveil you, they can control 450 00:23:22,720 --> 00:23:26,240 Speaker 1: you much more efficiently. That's what That's what the difference 451 00:23:26,280 --> 00:23:29,320 Speaker 1: is here. It's a threat if you leave and go 452 00:23:29,400 --> 00:23:34,080 Speaker 1: to their decentralized, non controlled system, But if you stay 453 00:23:34,119 --> 00:23:37,320 Speaker 1: within our system, it's much better and it increases our 454 00:23:37,320 --> 00:23:40,040 Speaker 1: efficiencies to survey and control you. Now it's not just 455 00:23:40,040 --> 00:23:41,560 Speaker 1: over there in the ECB we have to worry about 456 00:23:41,600 --> 00:23:44,359 Speaker 1: in Canada, our neighbors in the north, good old Justin 457 00:23:44,359 --> 00:23:49,000 Speaker 1: Trudeau is now threatening provincial premieres that he will cut 458 00:23:49,040 --> 00:23:53,000 Speaker 1: off healthcare funding unless they agree to a digital ID. Now, 459 00:23:53,000 --> 00:23:55,600 Speaker 1: this DIGITALI D system will allow government to control every 460 00:23:55,760 --> 00:23:59,720 Speaker 1: aspect of your life. Right again, it's a choke point. 461 00:24:00,040 --> 00:24:02,200 Speaker 1: If you're not allowed to do these things, they can 462 00:24:02,240 --> 00:24:04,200 Speaker 1: just shut your idea off. Now they claim that you're 463 00:24:04,200 --> 00:24:07,359 Speaker 1: going to get healthcare, like, you can't get access to 464 00:24:07,359 --> 00:24:11,640 Speaker 1: any healthcare unless you have the digital ID. Financial system, well, 465 00:24:11,760 --> 00:24:14,760 Speaker 1: you can't have a bank account or online transactions if 466 00:24:14,800 --> 00:24:18,679 Speaker 1: you don't have a digital ID. Farmers can't get in 467 00:24:18,800 --> 00:24:21,760 Speaker 1: stores if they don't have the digital ID. You can't 468 00:24:21,760 --> 00:24:24,240 Speaker 1: book travel, You can't book airline tickets or train tickets 469 00:24:24,280 --> 00:24:27,600 Speaker 1: if you don't have the ID. You're starting to get 470 00:24:27,640 --> 00:24:30,240 Speaker 1: the idea. Of course, they also want it on social 471 00:24:30,240 --> 00:24:33,359 Speaker 1: media platforms. No more fake accounts. They don't want you 472 00:24:33,480 --> 00:24:36,520 Speaker 1: having an anonymous account because if you say mean things 473 00:24:36,560 --> 00:24:40,680 Speaker 1: against the government, what they would consider bad now miss 474 00:24:40,840 --> 00:24:44,679 Speaker 1: disinformation and they want to know who you are. Just 475 00:24:44,720 --> 00:24:46,200 Speaker 1: like in China, in order to get on the internet, 476 00:24:46,240 --> 00:24:48,000 Speaker 1: you have to do a facial scan. They want the 477 00:24:48,040 --> 00:24:51,480 Speaker 1: same thing. They don't want anonymous account. Of course, telecommunications, 478 00:24:51,760 --> 00:24:55,440 Speaker 1: no Internet without the digital ID, no phone without the 479 00:24:55,440 --> 00:25:00,640 Speaker 1: digital ID. And it's not just Canada, happening all over 480 00:25:00,640 --> 00:25:02,400 Speaker 1: the world Bill Gates. He's at it again. Of course, 481 00:25:02,440 --> 00:25:05,639 Speaker 1: Bill Gates is now pushing digital IDs for newborns in 482 00:25:05,800 --> 00:25:09,480 Speaker 1: Kenya as critics warn of US surveillance risk. So of 483 00:25:09,480 --> 00:25:11,480 Speaker 1: course it's Bill Gates, and of course it's in Kenya. 484 00:25:11,560 --> 00:25:13,480 Speaker 1: I feel bad for the people in Africa and India, 485 00:25:13,520 --> 00:25:16,280 Speaker 1: where Bill Gates always and goes and does his experimental 486 00:25:16,840 --> 00:25:20,960 Speaker 1: medications on them. We've seen countless examples of him sterilizing 487 00:25:21,000 --> 00:25:25,400 Speaker 1: young girls and deaths and all types of things. It's 488 00:25:25,440 --> 00:25:27,600 Speaker 1: horrific that he uses these types of people to push 489 00:25:27,600 --> 00:25:29,920 Speaker 1: these agendas. But of course there is in Kenya now 490 00:25:29,960 --> 00:25:33,840 Speaker 1: pushing this. According to the Kenyan Daily Post, the Melinda 491 00:25:33,840 --> 00:25:36,960 Speaker 1: Gates Foundation's role in assisting the Kenyan government in its 492 00:25:36,960 --> 00:25:40,360 Speaker 1: development and roll out of a government backed digital ID 493 00:25:40,480 --> 00:25:45,840 Speaker 1: program series of closed door meetings had to be closed 494 00:25:45,880 --> 00:25:48,040 Speaker 1: doors because I bet even the people in Kenya are 495 00:25:48,040 --> 00:25:49,840 Speaker 1: smart enough to know they don't want that. They're probably 496 00:25:49,880 --> 00:25:52,119 Speaker 1: smart enough to know they don't want Bill Melinda Gates 497 00:25:52,160 --> 00:25:54,600 Speaker 1: in their country. But of course it's all part of 498 00:25:54,640 --> 00:25:58,320 Speaker 1: the Bill Melinda Gates Foundation and continuing his global push 499 00:25:58,359 --> 00:26:02,800 Speaker 1: to support government backed digital IDs. Now, why does Bill 500 00:26:02,880 --> 00:26:06,320 Speaker 1: Gates want digital IDs so much? We could go into 501 00:26:06,359 --> 00:26:10,240 Speaker 1: all types of conspiracy theories and kinvolved is, but we 502 00:26:10,280 --> 00:26:13,800 Speaker 1: could also just look at the obvious, such as his 503 00:26:13,960 --> 00:26:16,720 Speaker 1: companies stand to benefit a lot from that. We could 504 00:26:16,760 --> 00:26:19,040 Speaker 1: certainly look at that. We could look at the fact 505 00:26:19,080 --> 00:26:23,520 Speaker 1: that Microsoft has a massive role to play into this. 506 00:26:24,760 --> 00:26:27,359 Speaker 1: Now we can see that in Kenya they're talking about 507 00:26:28,000 --> 00:26:30,560 Speaker 1: they want to use the digital ID also to track 508 00:26:30,720 --> 00:26:35,080 Speaker 1: your education and your health and your health insurance. They 509 00:26:35,160 --> 00:26:37,760 Speaker 1: want to be able to use it on newborns. They 510 00:26:37,760 --> 00:26:40,440 Speaker 1: say it's a biometric vaccination system for newborns that will 511 00:26:40,480 --> 00:26:43,359 Speaker 1: replace birth certificates and help track children from birth to 512 00:26:43,400 --> 00:26:45,480 Speaker 1: five years of age. It will be used to monitor 513 00:26:45,520 --> 00:26:50,040 Speaker 1: and sure all children receive their vaccines. Well, isn't that nice? 514 00:26:50,520 --> 00:26:53,680 Speaker 1: Isn't that nice? And of course it's all through what 515 00:26:53,880 --> 00:26:56,159 Speaker 1: the ID twenty twenty initiative is. Go look that up 516 00:26:56,200 --> 00:26:58,879 Speaker 1: if you want, sponsored of course by Gates through Gaby 517 00:26:59,040 --> 00:27:02,840 Speaker 1: and Microsoft. Of course. Right, So, like I said, maybe 518 00:27:02,920 --> 00:27:06,600 Speaker 1: he's got some conspiracy conspiratorial takes we can take a 519 00:27:06,600 --> 00:27:08,960 Speaker 1: look at or we can look at the obvious they spent. 520 00:27:09,320 --> 00:27:11,840 Speaker 1: They stand to make a bunch of money if they 521 00:27:11,880 --> 00:27:15,119 Speaker 1: can get all these nations to one, put in this 522 00:27:15,200 --> 00:27:17,480 Speaker 1: digital AZ system that of course his companies will power 523 00:27:17,640 --> 00:27:20,960 Speaker 1: and inject themselves with these MR and A vaccines that 524 00:27:21,040 --> 00:27:23,600 Speaker 1: he also has the patents on as well. So we 525 00:27:23,600 --> 00:27:26,280 Speaker 1: can see technology. It's coming to a head and we're 526 00:27:26,280 --> 00:27:28,959 Speaker 1: gonna have to decide which side of the technology we 527 00:27:29,040 --> 00:27:30,800 Speaker 1: want to be on. If you're just tuned in, you're 528 00:27:30,800 --> 00:27:32,440 Speaker 1: listening to the Mark Mass Show. We're running through some 529 00:27:32,480 --> 00:27:35,240 Speaker 1: of these latest breaking news headlines showing you the collision 530 00:27:35,280 --> 00:27:37,080 Speaker 1: course we're on. I have more to come after a 531 00:27:37,160 --> 00:27:38,959 Speaker 1: very short break. Don't go away, We're back, all right, 532 00:27:38,960 --> 00:27:40,560 Speaker 1: Welcome back. If you just tune in, you're listening to 533 00:27:40,600 --> 00:27:42,080 Speaker 1: the Mark Mass Show. We're running through some of the 534 00:27:42,160 --> 00:27:44,919 Speaker 1: latest breaking news headlines so you can protect your wealth 535 00:27:45,520 --> 00:27:47,800 Speaker 1: and your freedom. We're talking about this collision course the 536 00:27:47,880 --> 00:27:51,040 Speaker 1: technology is putting us on. So we're looking at a 537 00:27:51,119 --> 00:27:53,520 Speaker 1: lot of headlines that came out this week, and good 538 00:27:53,520 --> 00:27:56,080 Speaker 1: old Senator Elizabeth Warren. I seem to talk about her 539 00:27:56,160 --> 00:27:58,800 Speaker 1: a lot, and I'm not saying the same things. It's 540 00:27:58,800 --> 00:28:02,320 Speaker 1: because she stays very busy, very busy doing what very 541 00:28:02,359 --> 00:28:05,480 Speaker 1: busy trying to, you know, take away your freedom, take 542 00:28:05,520 --> 00:28:09,800 Speaker 1: away your freedom to use technology, to use tools to 543 00:28:10,040 --> 00:28:13,399 Speaker 1: have freedom. That's what she's trying to do. She literally 544 00:28:13,480 --> 00:28:17,040 Speaker 1: is running on a campaign, an anti crypto campaign. And 545 00:28:17,080 --> 00:28:19,840 Speaker 1: I asked chat GPT, give me the name of the 546 00:28:19,920 --> 00:28:22,160 Speaker 1: last politician that ran on a campaign to take away 547 00:28:22,240 --> 00:28:26,360 Speaker 1: freedom and has said something like it's never happened. No 548 00:28:26,880 --> 00:28:28,879 Speaker 1: one in America, Atlanta, the Free would ever run in 549 00:28:28,880 --> 00:28:30,720 Speaker 1: a program like that, platform like that. But yet here 550 00:28:30,760 --> 00:28:34,720 Speaker 1: she is. Now she's talking this week. She's been running 551 00:28:34,720 --> 00:28:36,520 Speaker 1: on this rampage. I've talked about it last couple of weeks, 552 00:28:36,720 --> 00:28:40,600 Speaker 1: on a rampage to ban cryptocurrency because she said that 553 00:28:40,720 --> 00:28:43,520 Speaker 1: Hamas Terris are using it to raise money. Now that's 554 00:28:43,520 --> 00:28:45,800 Speaker 1: all been debunked. We've talked about that a long time. 555 00:28:46,440 --> 00:28:48,800 Speaker 1: The data sources that she cited has come out and 556 00:28:48,840 --> 00:28:52,120 Speaker 1: corrected her. Of course she hasn't corrected it. But now 557 00:28:52,160 --> 00:28:58,520 Speaker 1: she's continuing this campaign and she is using miss information 558 00:28:59,040 --> 00:29:02,440 Speaker 1: mal information. So of course the government continues to say 559 00:29:02,440 --> 00:29:04,920 Speaker 1: they have to protect us, they have to protect you 560 00:29:05,040 --> 00:29:09,960 Speaker 1: and I from all this misinformation, this malinformation. But they're 561 00:29:10,040 --> 00:29:13,640 Speaker 1: the largest purveyors of this. It's always the governments and 562 00:29:14,680 --> 00:29:17,040 Speaker 1: the approved sources and the legacy media that's the one 563 00:29:17,080 --> 00:29:20,520 Speaker 1: pushing the misinformation. All the stuff, I don't want to 564 00:29:20,520 --> 00:29:22,960 Speaker 1: say all, almost all the majority of the stuff that 565 00:29:23,000 --> 00:29:26,080 Speaker 1: they pushed during the pandemic all came out to be false. 566 00:29:27,040 --> 00:29:29,720 Speaker 1: All the stuff they've been pushing about the war in Ukraine. 567 00:29:30,080 --> 00:29:33,160 Speaker 1: Time magazine, a legacy institutional peace just came out this 568 00:29:33,240 --> 00:29:35,720 Speaker 1: week that just showed that everything they've told us is false. 569 00:29:36,280 --> 00:29:40,360 Speaker 1: They are the largest purveyors of misinformation. And even Elizabeth 570 00:29:40,400 --> 00:29:42,880 Speaker 1: Warren is doing it right now by pushing a narrative 571 00:29:43,200 --> 00:29:45,680 Speaker 1: using data that she's mis citing, and even when they're 572 00:29:45,720 --> 00:29:48,320 Speaker 1: correcting her, she's still not correcting her. Take. Now, let's 573 00:29:48,320 --> 00:29:49,600 Speaker 1: listen to this clip right here so you can hear 574 00:29:49,600 --> 00:29:50,080 Speaker 1: what she's saying. 575 00:29:50,560 --> 00:29:55,280 Speaker 3: Quote, in their attempt to avoid being traced, illegal actors 576 00:29:55,360 --> 00:30:02,280 Speaker 3: have adopted ever more sophisticated cryptocurrency technologies as non custodial wallets. 577 00:30:02,440 --> 00:30:05,400 Speaker 1: I'm just gonna pause right there. So she's saying that 578 00:30:05,640 --> 00:30:12,240 Speaker 1: these terrorists they've adopted ever more sophisticated technologies like a 579 00:30:12,320 --> 00:30:17,480 Speaker 1: non custodial wallet. What does that mean? So cryptocurrencies, first 580 00:30:17,480 --> 00:30:22,320 Speaker 1: of all Bitcoin, so bitcoin is the largest cryptocurrency, and 581 00:30:22,360 --> 00:30:25,240 Speaker 1: then you have all the other cryptocurrencies. Bitcoin solved a bunch 582 00:30:25,280 --> 00:30:28,440 Speaker 1: of problems. One of the problems that Bitcoin solved is 583 00:30:28,880 --> 00:30:30,880 Speaker 1: I don't have to worry about my property being stolen. Again, 584 00:30:31,480 --> 00:30:34,120 Speaker 1: I'm guessing that's probably the oldest problem that mankind has had. 585 00:30:34,680 --> 00:30:36,440 Speaker 1: Maybe where do I find food is before that. But 586 00:30:36,520 --> 00:30:39,640 Speaker 1: how do I keep my stuff from being stolen? That's 587 00:30:39,680 --> 00:30:41,240 Speaker 1: always been a big problem. How do I protect my 588 00:30:41,240 --> 00:30:43,800 Speaker 1: private property? How do I protect it against you? You 589 00:30:43,840 --> 00:30:46,360 Speaker 1: and I come together. We protect against them, protect against 590 00:30:46,360 --> 00:30:49,640 Speaker 1: the village, protect against the an army a nation. That's 591 00:30:49,680 --> 00:30:51,880 Speaker 1: the role of the government. The role of our government 592 00:30:51,920 --> 00:30:54,960 Speaker 1: is to protect our private property. So this is a 593 00:30:54,960 --> 00:30:57,800 Speaker 1: big problem. Now Bitcoin solve this because now I can 594 00:30:57,880 --> 00:31:00,840 Speaker 1: take custody of my asset. If you were with us 595 00:31:00,840 --> 00:31:02,600 Speaker 1: in the earlier segment, we talked about the Bitcoin white 596 00:31:02,600 --> 00:31:04,680 Speaker 1: paper coming out and how we don't need a central 597 00:31:04,720 --> 00:31:07,960 Speaker 1: party anymore. We don't need the bank to store my 598 00:31:08,080 --> 00:31:11,120 Speaker 1: wealth for me. So we used to have gold and 599 00:31:11,160 --> 00:31:13,000 Speaker 1: I'd go dig up a hole in the ground and 600 00:31:13,000 --> 00:31:14,280 Speaker 1: put my gold on the ground. I'd build a treasure 601 00:31:14,320 --> 00:31:17,520 Speaker 1: map to that I could custody my own gold. Of course, 602 00:31:17,560 --> 00:31:18,600 Speaker 1: I had to keep it safe. I had to make 603 00:31:18,640 --> 00:31:20,760 Speaker 1: sure them and stole my gold. Eventually we put the 604 00:31:20,760 --> 00:31:22,600 Speaker 1: gold in the banks and the bank kept our gold 605 00:31:22,640 --> 00:31:24,320 Speaker 1: safe for us. But then the bank stole all the 606 00:31:24,360 --> 00:31:28,479 Speaker 1: gold nineteen thirty three Acts sixty one oh two. They 607 00:31:28,480 --> 00:31:31,160 Speaker 1: took the gold. So how do I protect my How 608 00:31:31,160 --> 00:31:33,800 Speaker 1: do I keep my wealth and protect it from being stolen? 609 00:31:33,840 --> 00:31:37,160 Speaker 1: Will bitcoin solve that? I can now take custody of 610 00:31:37,160 --> 00:31:38,800 Speaker 1: my bitcoin. I can put it into a hardware. I 611 00:31:38,800 --> 00:31:40,480 Speaker 1: can put into some sort of a wallet. There's a 612 00:31:40,520 --> 00:31:44,000 Speaker 1: cold wallet's heart, wallets, et cetera. So that's it. That 613 00:31:44,080 --> 00:31:46,360 Speaker 1: from day one, that was what it came out with. 614 00:31:46,800 --> 00:31:49,040 Speaker 1: There was no custodia what she's called, and there was 615 00:31:49,080 --> 00:31:51,880 Speaker 1: no banks that would custody or bitcoin for you. It 616 00:31:52,000 --> 00:31:54,560 Speaker 1: was always that. But here she's saying they've adopted ever 617 00:31:54,640 --> 00:31:59,360 Speaker 1: more technological advanced technology such as non custodia. Well no, no, no, no, no, 618 00:31:59,400 --> 00:32:01,240 Speaker 1: it's been that way from day one. So she's already 619 00:32:01,400 --> 00:32:04,440 Speaker 1: she's already miss misrepresented that. Okay, let's listen to some more. 620 00:32:04,640 --> 00:32:09,000 Speaker 3: You wrote that Hamas uses non custodial wallets to evade detection. 621 00:32:09,520 --> 00:32:14,560 Speaker 3: Do those wallets pose a particularly high risk of attracting terrorists? 622 00:32:14,800 --> 00:32:19,160 Speaker 1: So she's asking an expert here, does Hamas using these 623 00:32:19,160 --> 00:32:22,160 Speaker 1: wallets with cryptocurrency cause a big risk? Now, something that 624 00:32:22,200 --> 00:32:25,400 Speaker 1: she did there is communication techniques. She's making a statement 625 00:32:26,000 --> 00:32:28,680 Speaker 1: and then she's asking a question about the statement that 626 00:32:28,680 --> 00:32:31,040 Speaker 1: she posts. So she's setting the frame and then she's 627 00:32:31,080 --> 00:32:33,600 Speaker 1: asking a question. So this is a typical manipulation technique. 628 00:32:33,920 --> 00:32:36,200 Speaker 1: You always have to be aware of that. But listen 629 00:32:36,240 --> 00:32:38,560 Speaker 1: to the answer here where they reject the frame. Listen 630 00:32:38,600 --> 00:32:38,800 Speaker 1: to this. 631 00:32:39,040 --> 00:32:42,600 Speaker 2: Thank you for the question. It is important. Perhaps if 632 00:32:42,600 --> 00:32:45,000 Speaker 2: I may just to refer to your earlier comments about 633 00:32:45,000 --> 00:32:47,760 Speaker 2: the funding of Ramas the major. 634 00:32:48,280 --> 00:32:50,400 Speaker 1: So she's rejecting the frame here that's. 635 00:32:50,200 --> 00:32:54,720 Speaker 2: Going funding of Haramas. Unfortunately, the current actual regime is 636 00:32:54,760 --> 00:32:57,240 Speaker 2: far from being sufficient and most of its budget and 637 00:32:57,280 --> 00:32:59,560 Speaker 2: funds are still going through the traditional channels. And I 638 00:32:59,560 --> 00:33:02,240 Speaker 2: want to put that clear because crypto is a problem, 639 00:33:02,280 --> 00:33:04,080 Speaker 2: but this is not the major problem, and we have 640 00:33:04,160 --> 00:33:06,880 Speaker 2: to look you know, on other traditional channels, let banking 641 00:33:07,040 --> 00:33:09,800 Speaker 2: and exchanges and money exchanges and cash and so forth. 642 00:33:09,800 --> 00:33:10,840 Speaker 2: So let's not forget that. 643 00:33:11,720 --> 00:33:16,480 Speaker 1: Hmm. So could be, you know, the hundreds of millions 644 00:33:16,480 --> 00:33:20,280 Speaker 1: of dollars that the Biden administration sent over in dollars. 645 00:33:20,560 --> 00:33:24,000 Speaker 1: Could be that she talks about it's banking, it's payment 646 00:33:24,040 --> 00:33:27,360 Speaker 1: services in the reports that Elizabeth Warren is miss citing. 647 00:33:28,960 --> 00:33:31,320 Speaker 1: I want to say it was responsible for like a 648 00:33:31,320 --> 00:33:33,120 Speaker 1: few thousands of dollars or something like that. I talked 649 00:33:33,120 --> 00:33:35,520 Speaker 1: about a couple weeks ago, don't remember exactly. But she's 650 00:33:35,680 --> 00:33:41,880 Speaker 1: using this misinformation, purposely misrepresenting it after she's been corrected 651 00:33:42,200 --> 00:33:45,560 Speaker 1: to push this narrative that it's non custodial walts, and 652 00:33:45,640 --> 00:33:48,040 Speaker 1: she's used this to go around and get one hundred 653 00:33:48,160 --> 00:33:52,200 Speaker 1: Lettuce legislators to sign on a letter to the White 654 00:33:52,200 --> 00:33:57,040 Speaker 1: House addressing concerns over crypto's role and terrorism. She's wrong, 655 00:33:57,640 --> 00:34:02,160 Speaker 1: she's lying, she's being corrected, and she's still pushing a 656 00:34:02,160 --> 00:34:06,560 Speaker 1: false narrative. All right, this is the attack factor. They're 657 00:34:06,640 --> 00:34:08,800 Speaker 1: the ones misrepresenting, and this is going to be the 658 00:34:08,840 --> 00:34:11,520 Speaker 1: attack factor. They're gonna want all of us to own 659 00:34:11,520 --> 00:34:16,879 Speaker 1: bitcoin in black rocks etf, own bitcoin with coinbase, own 660 00:34:16,920 --> 00:34:19,640 Speaker 1: bitcoin in whatever ETF they push out, as long as 661 00:34:19,680 --> 00:34:24,600 Speaker 1: you don't custody it yourself. Pay attention to that. We 662 00:34:24,640 --> 00:34:29,839 Speaker 1: saw in the UK they set sweeping regulations for bitcoin industry. 663 00:34:30,560 --> 00:34:33,440 Speaker 1: They want to put these into effects starting in twenty 664 00:34:33,560 --> 00:34:37,000 Speaker 1: twenty four, so we'll see this coming up pretty soon here. 665 00:34:37,440 --> 00:34:41,040 Speaker 1: And basically, these new bills say that the government could 666 00:34:41,480 --> 00:34:46,920 Speaker 1: seize your bitcoin, seize your cryptocurrency without any due process. 667 00:34:47,440 --> 00:34:49,680 Speaker 1: They want to propose stricter regimes for market abuse and 668 00:34:49,680 --> 00:34:54,120 Speaker 1: cryptoastic issuance. But basically they want to introduce laws like 669 00:34:54,160 --> 00:34:57,879 Speaker 1: I said, to be able to seize your money. Now, 670 00:34:57,960 --> 00:35:01,200 Speaker 1: how could they do that? How could they do it? Well, 671 00:35:01,600 --> 00:35:04,520 Speaker 1: the law enforcement agencies have broader powers to seize, freeze, 672 00:35:04,600 --> 00:35:07,120 Speaker 1: or recover digital assets and additionally to convert them into 673 00:35:07,160 --> 00:35:10,040 Speaker 1: money before a forfeiture hearing has taken place. So how 674 00:35:10,080 --> 00:35:13,000 Speaker 1: do they do that? They can only seize or freeze 675 00:35:13,560 --> 00:35:17,040 Speaker 1: your account if they have it in their custodial wats. 676 00:35:17,120 --> 00:35:19,399 Speaker 1: So if it's in an ETF, it's if it's in 677 00:35:19,680 --> 00:35:23,040 Speaker 1: a custodial exchange like Coinbase, then they can seize it 678 00:35:23,160 --> 00:35:26,160 Speaker 1: or freeze it. But if it's in your own wallet, 679 00:35:27,080 --> 00:35:31,359 Speaker 1: non custodio, they can't. Okay, So they're saying the same 680 00:35:31,400 --> 00:35:33,680 Speaker 1: thing Elizabeth Warren is talking about, oh the danger if 681 00:35:33,680 --> 00:35:36,480 Speaker 1: you having you custody yourself, and the UK is passing 682 00:35:36,480 --> 00:35:38,279 Speaker 1: a lot allows them to seize, freeze and recover it. 683 00:35:38,440 --> 00:35:41,080 Speaker 1: But how can they do that unless it's in an 684 00:35:41,080 --> 00:35:43,240 Speaker 1: account that they can control, unless they can go tap 685 00:35:43,280 --> 00:35:45,760 Speaker 1: coinbase on the shoulder and say, hey, freeze that person's account. 686 00:35:45,920 --> 00:35:48,399 Speaker 1: And we're seeing it continue on. As a matter of fact, 687 00:35:48,600 --> 00:35:50,640 Speaker 1: in the United States, the White House, the Bide administration 688 00:35:50,680 --> 00:35:53,680 Speaker 1: has put another executive order like a dictator. We're supposed 689 00:35:53,680 --> 00:35:55,880 Speaker 1: to be in a democracy republic, it's not a debox. 690 00:35:55,920 --> 00:35:58,239 Speaker 1: Were supposed to be representive government, but we're supposed to 691 00:35:58,320 --> 00:36:03,040 Speaker 1: vote on laws. But Biden continues to pass more executive 692 00:36:03,120 --> 00:36:05,040 Speaker 1: orders like a like a like a dictator here. And 693 00:36:05,080 --> 00:36:09,520 Speaker 1: now there's another one about passing AI regulation. Uh, you 694 00:36:09,560 --> 00:36:13,279 Speaker 1: know he's concerned. Uh he's urged Congress to set rules 695 00:36:13,320 --> 00:36:15,879 Speaker 1: on technology based on the level risk that Americans have. 696 00:36:16,920 --> 00:36:20,719 Speaker 1: AI is too dangerous and so, uh, we should just 697 00:36:20,760 --> 00:36:23,480 Speaker 1: have control over it. It's too dangerous for everyone to 698 00:36:23,520 --> 00:36:28,080 Speaker 1: have control, so we should just have control. Notice how 699 00:36:28,080 --> 00:36:31,560 Speaker 1: that's happening. So these are things that are happening around 700 00:36:31,600 --> 00:36:34,000 Speaker 1: the world, and it is it's time for you to 701 00:36:34,040 --> 00:36:36,320 Speaker 1: wake up, and it's time for you to be diligent 702 00:36:36,719 --> 00:36:39,000 Speaker 1: about this, and it's time for us to understand the 703 00:36:39,080 --> 00:36:42,480 Speaker 1: attack vectors so that when these attacks do come, we 704 00:36:42,520 --> 00:36:44,520 Speaker 1: can see them. Because the war is coming. The wars 705 00:36:44,520 --> 00:36:47,319 Speaker 1: here we're being to manipulated everywhere we have and the 706 00:36:47,360 --> 00:36:49,279 Speaker 1: only the only way we can stand to this is 707 00:36:49,320 --> 00:36:51,960 Speaker 1: if we know in advance what's coming. If you're just 708 00:36:51,960 --> 00:36:53,480 Speaker 1: tuning in your listening to the Mark mus Show, we've 709 00:36:53,480 --> 00:36:55,280 Speaker 1: been running through some of the latest breaking news headlines 710 00:36:55,280 --> 00:36:57,680 Speaker 1: this week so you can protect your wealth and your 711 00:36:57,719 --> 00:37:00,839 Speaker 1: freedom better. Hopefully enjoy that. Hit me up on social 712 00:37:00,880 --> 00:37:02,560 Speaker 1: media let me know at one Mark Moss or leave 713 00:37:02,600 --> 00:37:04,480 Speaker 1: me a comment or review on this podcast. I'd love 714 00:37:04,480 --> 00:37:06,480 Speaker 1: to see it, and that's what I got. Thanks for listening.