Speaker 1: Hello, and welcome to another episode of the Mark Moa
Speaker 1: Show where we talk about bitcoin and cryptocurrencies. We're really
Speaker 1: talking about this decentralized revolution the world is going through, UM.
Speaker 1: And we talk about politics, finance, and technology and really
Speaker 1: the intersection of those three things. So you can really
Speaker 1: understand how bitcoin, cryptocurrencies and how this decentralized revolution is
Speaker 1: moving through the world house changing the world, UM, how
Speaker 1: you should be interacting with it, how you should be
Speaker 1: adjusting your portfolios, and so much more. Now, this week,
Speaker 1: I got a lot of stuff to cover, and I
Speaker 1: want to cover some stuff that's completely shocking to me.
Speaker 1: And uh, maybe it's shocking to you. Well, maybe it's
Speaker 1: not shocking to you now, but it will be by
Speaker 1: the time we are done with this. And I'm talking
Speaker 1: about the United States Treasury Secretary. I'm talking about Janet Yellen,
Speaker 1: the Treasury Secretary of the United States, the person who
Speaker 1: runs the money for the United States, comes out and says, quote,
Speaker 1: I was wrong. I was wrong on inflation. I didn't
Speaker 1: see it coming. Which is funny because for years myself
Speaker 1: and many others, I said if you do these things,
Speaker 1: this is what will happen. Here. We are they're admitting
Speaker 1: they're wrong. UM, it's gonna be incredible for you to
Speaker 1: see this. Once I break all of this down for you,
Speaker 1: we're gonna get into what their plans are and uh
Speaker 1: if I think that's going to make things better or worse, um,
Speaker 1: some of the causes and more importantly, the effects that
Speaker 1: people are dealing with. UM. And then I want to
Speaker 1: show you what's happening in some other countries right now,
Speaker 1: which really highlights exactly what's going to be happening here
Speaker 1: in the United States. And it's not good. But you're
Speaker 1: getting to get the upfront information before everybody else, so
Speaker 1: you can make the plans two you know, alleviate some
Speaker 1: of this for yourself, for your family, for your friends,
Speaker 1: et cetera. So we'll talk about that and uh, man,
Speaker 1: I got a lot to cover, so let's just go
Speaker 1: ahead and jump right into it. So, like I said,
Speaker 1: this big headline I saw this week, Well, obviously the
Speaker 1: big headline we've been talking about for for a long
Speaker 1: time now is inflation. And we talk about inflation, and
Speaker 1: of course, now Mark, what do you why are we
Speaker 1: talking about inflation? How does that lead into bitcoin? Howsn't
Speaker 1: leading to cryptocurrencies. How does it how how does that
Speaker 1: part of this decentralized revolution. Well, he'll understand when we
Speaker 1: put this all together. Um, we have like a pendulum
Speaker 1: swinging back and forth. The pendulum swings between centralization and
Speaker 1: decentralization on about a two d and fifty year timeframe,
Speaker 1: and so the world has been the pendulum is swinging
Speaker 1: towards centralization. Um. And that's led by central planners, where
Speaker 1: a few people in a room in Washington or in
Speaker 1: Davos think they know better than three d and fifty
Speaker 1: million people in the United States or eight billion people
Speaker 1: in the world. These couple of people, these dozens of people,
Speaker 1: these central planners are coming up with central plans to
Speaker 1: centrally plan and centrally control the entire world economy, which
Speaker 1: should be decentralized. Because what I want, what I need,
Speaker 1: what I like, what my interests are are different than yours,
Speaker 1: and they change. We're humans. I love Anela ice cream
Speaker 1: all of a sudden today I want chocolate. I don't
Speaker 1: know why, I just do. That's how it works. Trends
Speaker 1: go in and out. We used to like Neon colors,
Speaker 1: then we like Pastel's. Well, now Neon's back in right.
Speaker 1: Like things change, trend change, technology changes, new things come
Speaker 1: to creative destruction creates new things, and old things go away.
Speaker 1: The the the global economy is not like a machine
Speaker 1: that can be built, managed and ran. Instead, it's organic.
Speaker 1: It's made up of people that all have shifting once
Speaker 1: needs and desires, and so it's it's organic and it's complex,
Speaker 1: it's dynamic, and so central planning always fails because of
Speaker 1: many reasons, specifically the information problem. There's not enough information
Speaker 1: that twelve people or a few dozen people can get
Speaker 1: to know what you're going to want in a couple
Speaker 1: of days, a couple of weeks and once or a
Speaker 1: couple of years from now, and so the markets have
Speaker 1: to move organically. And so we're talking about this this
Speaker 1: we've had this swing towards centralization. It's obviously very easy
Speaker 1: to see that we're there. We have the World Economic Forum,
Speaker 1: the people in Davos that are setting UH basically the
Speaker 1: central planning for the entire world UH, the world like
Speaker 1: I'M Forum, backed up by the World Health Organization, the
Speaker 1: World Trade Organization. Of course, the i m F setting
Speaker 1: the banking policies for the world. The u N very
Speaker 1: easy to see how this is playing out. Of course,
Speaker 1: they call them central banks that are essentially planning the
Speaker 1: entire uh in the entire economy for nations. So that's centralization.
Speaker 1: The pendulum is peaking out there. However, on a tune
Speaker 1: for your time frame, it it swings back. And so
Speaker 1: here we are. We can see this is failing. We
Speaker 1: can see it's real. It's being rejected. And I'm gonna
Speaker 1: break all this down for you today. And of course
Speaker 1: bitcoin is a new technology, this new technological revolution that
Speaker 1: gives us what decentralization. So at a time when the
Speaker 1: world is ready to pivot back off of centralization because
Speaker 1: of all these problems, and I'm gonna walk through them here. Um,
Speaker 1: we're given a new technological revolution at the same time
Speaker 1: that gives us decentralization that will only speed this up.
Speaker 1: And if you can understand how all this comes together together,
Speaker 1: you can navigate it properly. So looking, let's just jump
Speaker 1: right into this. So Yelling says I was wrong last
Speaker 1: year on the path of US inflation. Um surprise, surprise, surprise.
Speaker 1: Tactury Secretary Janet Yellen gave her most directed mission that
Speaker 1: she aired last week in predicting the elevated inflation wouldn't
Speaker 1: pose a continuing problem. She says, quote, there have been
Speaker 1: unanticipated and large shocks to the economy that have boosted
Speaker 1: energy and food prices and supply bottlenecks that have affected
Speaker 1: our economy badly that at the time I didn't fully
Speaker 1: understand end quote. So there was unanticipated and large shocks
Speaker 1: to the economy that have boosted energy and food prices
Speaker 1: and supply bottlenecks. Let's talk about this, Um I was wrong.
Speaker 1: Where they really unanticipated? Uh maybe anticipated by her? I
Speaker 1: anticipated them. I've been talking about them for years, and
Speaker 1: not just me. One of my favorite economists, uh Leadwig
Speaker 1: von mess from the Austrian School Economics told us this
Speaker 1: was going to be a problem a hundred years ago.
Speaker 1: He called it the crack up boom, and he talks
Speaker 1: about when the government's go create a bunch of money,
Speaker 1: it starts to distort markets in a bunch of different ways,
Speaker 1: and we don't understand all the ways. And so to
Speaker 1: her point, you can't anticipate all the distortions in the
Speaker 1: market that will come from this, but we do know
Speaker 1: that it distorts the market, so we should anticipate a
Speaker 1: bunch of problems down the road. Exactly how that fills in,
Speaker 1: we don't exactly know, but large octical economy that have
Speaker 1: boosted energy and food prices, and that's not necessarily something
Speaker 1: that they could have anticipated when you're looking at it
Speaker 1: from the Treasury or the Federal Reserve side, because these
Speaker 1: policies are being done outside of that. I want to
Speaker 1: break this down for you here in a little bit.
Speaker 1: She wanted to say that Yelling said that the FED
Speaker 1: is taking the steps it needs to stem inflation. But
Speaker 1: what steps are those? How can they take steps to
Speaker 1: stem those inflation if the Fed and the Treasury don't
Speaker 1: have any control over that, but they're doing anything they
Speaker 1: can drastically to try to stem that. Because it says
Speaker 1: here public support for Biden on handling the economy has
Speaker 1: created with a surge in the cost of living, people
Speaker 1: are freaking out. People can't afford it. I'm gonna talk
Speaker 1: about some of the pain that's happening. As a matter
Speaker 1: of fact, it's having drastic consequences that maybe I was
Speaker 1: I was surprised to see this number come on. Talking
Speaker 1: about that in a second. But Um says that Yelling
Speaker 1: noted that European countries have recently taken steps to limit
Speaker 1: their imports to Russian oil, a move that has caused
Speaker 1: global oil prices derived. So let's think about that. UM.
Speaker 1: I think any elementary kid that economics one O one
Speaker 1: supply and demand. So let's see if we need oil
Speaker 1: for everything. Um, it goes into all of our products. UM,
Speaker 1: it goes into all of our transportation. UM. You can't
Speaker 1: get food at the grocery store without oil because the
Speaker 1: trucks needed to get there. It's it goes into all
Speaker 1: the products, etcetera. So we need it. Um, if you
Speaker 1: limit it or you get less of it, what happens?
Speaker 1: All the price goes up? Interesting? Um? So she said, yell,
Speaker 1: and know that European countries have recently taken steps to
Speaker 1: limit their imports, and so they're taking steps to cut
Speaker 1: the supply. So again, what was econical one on? If
Speaker 1: we cut the supply but the demand stays there, what happens?
Speaker 1: The price goes up? Come on? Like come on? Really?
Speaker 1: So yes, that causes the oil prices to rise. Now
Speaker 1: going back to what was this earlier statement? Here says
Speaker 1: that yelling said the feed is taking steps or no?
Speaker 1: Or was it here? Oh? Uh? Quote unanticipated in large
Speaker 1: shocks to the economy that have boosted energy and food prices.
Speaker 1: So these are unanticipated large shocks energy and food price
Speaker 1: those unanticipated. So like it says right here that um
Speaker 1: Yelling noted that European countries have recently taken steps to
Speaker 1: limit their imports on Russian oil. So is that unanticipated?
Speaker 1: She's saying that European countries are taking steps to limit
Speaker 1: their import of oil. She's saying that, Now, what would
Speaker 1: be the intended consequence of that. You're listening to the
Speaker 1: Markma Show. We're talking about bitcoin and cryptocurrencies. I'm gonna
Speaker 1: be back with a whole lot more in a second.
Speaker 1: Don't go away, all right, welcome back. You're listening to
Speaker 1: the Markma Show. We're talking about We're talking about bitcoin,
Speaker 1: We're talking about cryptocurrencies. We're talking about the decentralized revolution.
Speaker 1: We're discussing the intersection of politics, finance, and technology, so
Speaker 1: we can get this all into context that we can understand.
Speaker 1: We're specifically talking about crazy high raging and for nation,
Speaker 1: record level inflation and the panic that it's causing. It's
Speaker 1: it's causing panic both in households that can't afford food
Speaker 1: and energy anymore. You can't afoord gas in your car.
Speaker 1: But it's also causing panic across the leadership, specifically United
Speaker 1: States and the rest of the world because they realize, like, shoot,
Speaker 1: if we don't get this under control, we're gonna lose
Speaker 1: the election. Right, that's what they care about. UM and uh,
Speaker 1: you know what what we're talking about that and so
Speaker 1: you can understand it and you can navigate it correctly.
Speaker 1: But what's interesting is this this uh, this week, it's
Speaker 1: it's the topic of the week. It's it's actually been
Speaker 1: the topic for a couple of months. I've talked about
Speaker 1: it quite extensively. But Janet Yellen, who's the head of
Speaker 1: the US Treasury, the Treasury Secretary, Janet Eellen, and she
Speaker 1: came out and said that I was wrong. I was
Speaker 1: wrong about the path inflation would take. There was unanticipated
Speaker 1: shocks to the economy that boosted energy and food prices.
Speaker 1: There's anticipated. But then she said that, um, down here,
Speaker 1: that that it's she said that the European countries have
Speaker 1: taken steps to limit their oil of oil, and so
Speaker 1: how is it how is it unanticipated? When she said
Speaker 1: they're gonna limit their imports because wouldn't you anticipate that
Speaker 1: if you lower the supply while you still have the demand,
Speaker 1: that would cause prices to rise. It's pretty insane. And
Speaker 1: they're saying I guess they're saying the quiet part out loud.
Speaker 1: I think maybe this is the wake up call that
Speaker 1: people need to go, wait a minute. These people don't
Speaker 1: know what the heck they're talking about. I mean, I'm
Speaker 1: a nobody operating on a mic here talking to you
Speaker 1: over the radio waves, and I told you this. Uh,
Speaker 1: Like I said, kids in elementary could probably tell you
Speaker 1: that if we still have the demand and you cut
Speaker 1: the supply, what's going to happen. It's pretty simple. And
Speaker 1: of course she's at the forefront of that, not as
Speaker 1: you only at the forefront of that, knowing this in
Speaker 1: her own words quoting her um that European countries have
Speaker 1: taken steps to limit their imports of oil, and not
Speaker 1: as she's saying that. She's part of the she's part
Speaker 1: of the planning process. She's the one that gets together
Speaker 1: with these world leaders and they're trying to curb climate change. Um.
Speaker 1: So it's not like she's just observing that is happening.
Speaker 1: She's the ones that in the policies for this top
Speaker 1: but I mean, it's just insane. And like I said,
Speaker 1: I think they're becoming acutely aware of this because I
Speaker 1: guess reality is slapping them in the face at this point, um,
Speaker 1: And it's slapping them in the face for a couple
Speaker 1: of reasons. One, they're realizing the massive amount of pain
Speaker 1: that people are going through. They're starting to realize that
Speaker 1: their policies are actually having the opposite effect of what
Speaker 1: they want. But more importantly, here we are a couple
Speaker 1: of months away from going into a mid term election
Speaker 1: um in the United States, and they're afraid that they're
Speaker 1: going to get just completely shut down on the elections.
Speaker 1: I should say the Democrats side, who kind of controlling
Speaker 1: the government right now, they're afraid they're gonna get completely
Speaker 1: wiped out. And of course it's not a big surprise
Speaker 1: to see that. As a matter of fact, a new
Speaker 1: poll came out this week that shows them if they
Speaker 1: don't do something drastic, it's going to be completely um
Speaker 1: horrific for them at the polls. I have a clip
Speaker 1: that I want to play that highlights just how bad
Speaker 1: this is. A matter of fact, it's it's maybe the
Speaker 1: worst that we've ever seen in history of the United
Speaker 1: States presidential Um. Politics. Let's go ahead and play this
Speaker 1: clip that we have. You can get an idea for it.
Speaker 1: But we begin with the backlash over inflation and new
Speaker 1: NBC News polls showing seventy one percent of Americans disapprove
Speaker 1: of President Biden's handling of the rising cost of living
Speaker 1: and a lot of people won't like to hear this.
Speaker 1: Gas prices now reaching a new all time high four
Speaker 1: sixties seven a gallon, get this up five cents since yesterday,
Speaker 1: m M. Seventy one percent of Americans disapproved. It's a
Speaker 1: big number. Uh. It's the lowest approval ratings of any
Speaker 1: US president in history. UM. Not a big surprise. UM,
Speaker 1: not a big surprise. I regardless of where you are
Speaker 1: on politics, this is affecting everybody because regardless of which
Speaker 1: political side you're on, you put us in your car
Speaker 1: and you need to buy food, and when you can't
Speaker 1: afford those those those couple of things, or when they're
Speaker 1: having a massive effect on your pocketbook, you are going
Speaker 1: to disapprove, regardless of which political ideology that you lie into. UM.
Speaker 1: One thing that I'm starting to see and I'm sure
Speaker 1: you're all noticing this is that political sides are starting
Speaker 1: to just disappear, and whatever liberalism or liberals or left
Speaker 1: or democrats or right or conservative, I mean, those lines
Speaker 1: have gotten so blurred nobody knows what to think anymore.
Speaker 1: People that were on the left now find themselves on
Speaker 1: the right. I have not really watched Bill Maher much
Speaker 1: over the over the last decade or however long he's
Speaker 1: been on, but I caught an episode of his the
Speaker 1: other night. I was about two weeks old, and uh,
Speaker 1: I was watching with my wife and I was just like,
Speaker 1: can you believe this guy was like the mouthpiece for
Speaker 1: the left and the liberal but now listen to what
Speaker 1: he's saying, And it's just because everyone has got everything
Speaker 1: has gotten so distorted now, and it's like it's I
Speaker 1: think people are starting to see it's no longer here
Speaker 1: like this left versus right or conservative versus liberal. It's
Speaker 1: more like, um, shoot, whatever your politics are, you're mismanaging
Speaker 1: the economy. It's affecting me adversely, and maybe a little
Speaker 1: bit less meddling in the economy and a little bit
Speaker 1: more freedom for me might be a good thing. I
Speaker 1: think we're starting to see that and we're seeing it
Speaker 1: in a big way. One. Like I said, they're telling
Speaker 1: us that we didn't understand this was going to happen.
Speaker 1: But I think we're also waking up to see that
Speaker 1: they don't have a plan to fix it because they can't.
Speaker 1: And that's what I want to talk about specifically. I
Speaker 1: want to I want to break that down for you're
Speaker 1: gonna understand that. But we saw here um no short
Speaker 1: of trying. President Biden um met with the FED Chairman
Speaker 1: Jerome Powell to discuss, of course, inflation being at a
Speaker 1: forty year high. He affirms a quote laser focus on
Speaker 1: addressing inflation, but he's gonna let the central banks, the
Speaker 1: Photo Reserve do its work. He says that there's a
Speaker 1: growing urgency to ease rapidly rising prices that threaten the
Speaker 1: US economy. Me but he promised to have a handsoff approach.
Speaker 1: Quote I'm going to I'm not going to interfere with
Speaker 1: the critical important work. So he's gonna let them do
Speaker 1: their thing. But the interesting thing here is that he
Speaker 1: says the FETE is trying to cool demand to moderate
Speaker 1: price pressures. But Mr Powell Joan Powell, the head of
Speaker 1: the Federal Reserve has conceded. He's basically admitted that the
Speaker 1: central Bank's ability to do that without forcing the economy
Speaker 1: into a recession depends on developments outside the central banks control.
Speaker 1: Mm hmm. So he's he he wants to do everything
Speaker 1: he can, but he's conceded. He's admitted that the ability
Speaker 1: to do without forcing the economy into recession um depends
Speaker 1: on things he can't control. So it's basically not up
Speaker 1: to him, including quote global energy markets that have been
Speaker 1: badly disrupted UM and supply chains. So the energy markets
Speaker 1: and the supply chains, and guess what they can't control those.
Speaker 1: They can't print more money for those. What they can
Speaker 1: do is they could get out of the way and
Speaker 1: they could help that. But basically, after this meeting, Biden
Speaker 1: says that quote no short term fix to high energy
Speaker 1: and grocery prices. He can't take immediate action to lower
Speaker 1: record gasoline prices. There's little administration could do to short
Speaker 1: term lower high energy prices and food prices. So back
Speaker 1: to economics one O one. If you want prices to
Speaker 1: go down, what do you need to do? You need
Speaker 1: to increase the supply, right, not lower the supply. Increases
Speaker 1: the supply. I'm want to talk about that. I want
Speaker 1: to talk about these statistics that came out of these
Speaker 1: surveys that have blown me away, and I'm sure they're
Speaker 1: going to blow you away as well. And I'm gonna
Speaker 1: give you a little, uh, a little analogies you can
Speaker 1: understand us a little bit better, and then talk about
Speaker 1: what's going on in the rest of the world, because
Speaker 1: what's happening over there is what's going to come here
Speaker 1: if we don't about face very very quickly. You're listening
Speaker 1: to the Markma Show. We're talking about the decentralized Revolution,
Speaker 1: talking about how the world is changing during ben buy
Speaker 1: a new technology called bitcoin and cryptocurrencies, and really discussing
Speaker 1: it from the intersection of politics, finance, and technology. Talking
Speaker 1: today specifically about this crazy inflation that seems to have
Speaker 1: caught all the leaders off guard, but we knew it
Speaker 1: was going to happen, and we know what the fixes.
Speaker 1: It's painful. I'm gonna come back and break that down
Speaker 1: for you and more in a minute, So don't go away.
Speaker 1: I'll being right back. All right, welcome back. You're listening
Speaker 1: to the Mark Ma Show. We're talking about the decentralized revolution.
Speaker 1: We're talking about the way the world is changing right
Speaker 1: before our eyes, driven by bitcoin cryptocurrencies, and we're talking
Speaker 1: about it today through I mean, you know, it's a
Speaker 1: it's political, it's financial. Uh, this is the way the
Speaker 1: world changes. And so politics and finance are integrated together
Speaker 1: because of course it's the political changes, the political choices
Speaker 1: that change the markets. And we're talking about specifically the FED,
Speaker 1: the Federal Reserve, and the President. So the politics the
Speaker 1: president by getting together with the FED, that's economic policy.
Speaker 1: And I stay, it's getting together and trying to figure
Speaker 1: this out. But President Biden warned there's little the administration
Speaker 1: can do in the short term to lower high energy
Speaker 1: and food prices. So those are the two problems, energy
Speaker 1: and food. So let's just talk about those for a second.
Speaker 1: So again, economics one oh one, supply and demand. If
Speaker 1: you have more supply and less demand, prices go down.
Speaker 1: If there was if there was ten houses for sale
Speaker 1: but only one buyer, what would happen. The prices would
Speaker 1: come down. If there was ten buyers but only one
Speaker 1: home for cell, the prices would go up. They would
Speaker 1: be bit up. So, um, we have a problem with
Speaker 1: high energy and food prices. Those are the two energy
Speaker 1: and food. So if we wanted to lower energy prices,
Speaker 1: what would we do. Well, I guess there's two ways.
Speaker 1: One we could increase the supply, or two we could
Speaker 1: lower the demand. Now the Fed can do something about that,
Speaker 1: because what they can do is they can crash the economy.
Speaker 1: So you can't afford to travel, you can't afford to
Speaker 1: drive your car, you can't afford to buy things that
Speaker 1: need to be trucked in, and so by crushing the
Speaker 1: economy and making you broke, they can take away the
Speaker 1: demand side of the energy equation. That's the one thing
Speaker 1: they can do. That's the scary thing they can do,
Speaker 1: and they could do that immediately. But in Jerome Powell's
Speaker 1: own words, which I read earlier before the break, he
Speaker 1: said that we can see the central banksability to do
Speaker 1: that without forcing the economy into a recession. So if
Speaker 1: they forced the economy into a recession and take away
Speaker 1: all your spending power, then you will use less energy.
Speaker 1: So that's one way to do it. It's not a
Speaker 1: good way, but it's one way. The other way that
Speaker 1: sounds much better is how about don't force the economy
Speaker 1: into a recession. How about don't take away your spending power.
Speaker 1: How about you just increase the supply. Wouldn't that be nice?
Speaker 1: So they could do that. But in in this point
Speaker 1: here that Biden says that he can't take immediate action
Speaker 1: to lower record high gas prices because it doesn't happen immediately.
Speaker 1: So remember I talked about this extensively. The very first thing,
Speaker 1: the most important thing President Biden did the very first
Speaker 1: day in office by executive order, not through any any
Speaker 1: form of voting. But the very first thing, most important thing,
Speaker 1: was to shut down the energy shut down the energy pipelines,
Speaker 1: shut down all the gas permits, the drilling permits, and
Speaker 1: so he took away the supply day, one most important
Speaker 1: thing he had to do. And so what happened. So
Speaker 1: if he wants to bring more supply back, the government
Speaker 1: doesn't need to do anything. What they need to do
Speaker 1: is just get out of the way. What he needs
Speaker 1: to do is just roll back these rules and regulations
Speaker 1: that he put in place. What he has to do
Speaker 1: is allow the pipeline to start working again, allow people
Speaker 1: to drove for oil and gas, bring more oil and
Speaker 1: gas onto the markets. So we can do this. Now,
Speaker 1: this whole issue with Russia. UM. One, they could drop
Speaker 1: the sanctions to one or two. They could continue to
Speaker 1: sanction them if they want, sure, but then bring supply
Speaker 1: back on. In other places, there's only two levers, supply
Speaker 1: and demand, but they seem to be focused on the
Speaker 1: the demand side. Again. I'm gonna read it again in
Speaker 1: case you're not catching here. Powell has conceded that the
Speaker 1: central banks ability to do so without forcing the economy
Speaker 1: into a recession. So if they force the economy into recession,
Speaker 1: they can take the demand down. UM. Now that sounds
Speaker 1: far fetched. But over the last week, the powers that
Speaker 1: be were meeting in Davos, Switzerland. Every year they fly
Speaker 1: their private jets to Davos to decide the fate of
Speaker 1: the world. UM and UH. Lots of measures on reducing
Speaker 1: your will call it your uh well being. You're flourishing
Speaker 1: your standard of living, that's a better way to put it. Uh.
Speaker 1: They just want to talk about taking away your standard
Speaker 1: of living to achieve their agenda. So they flew their
Speaker 1: private jets there and they were talking about putting a
Speaker 1: measure in place in the UK where you could only
Speaker 1: drive nine miles a day. You can only drive nine
Speaker 1: miles to day. Now, if you live in in New
Speaker 1: York City where you have the subway, I guess that works.
Speaker 1: But like where I'm at in the southwest side of
Speaker 1: the country, Like, good luck getting around without a car, right,
Speaker 1: So if I can only drive nine miles a day, well,
Speaker 1: most people in l A don't live in l A.
Speaker 1: They commute. Some of them commute fifty sixty miles a day.
Speaker 1: How what happens if you only drive nine miles a day.
Speaker 1: So they have these like crazy ideas, and they could
Speaker 1: definitely limit the demand for energy, and I guess that's
Speaker 1: one way to fix it. But the problem is to
Speaker 1: the point here is that there's no quick fix. And
Speaker 1: the reason why is because these takes years to happen.
Speaker 1: So if he magically waved a wand and said, okay, fine,
Speaker 1: you can start investing into energy again, these companies can
Speaker 1: now put money into exploring and finding new energy and
Speaker 1: and getting new wells going and all these things. It
Speaker 1: doesn't happen overnight like this could take years to happen. Okay,
Speaker 1: what about food? Food is the same thing. So, for example,
Speaker 1: the we have lots of problems that lead into these
Speaker 1: food prices. But for One of them is that the
Speaker 1: United States pays farmers. They subsit as the farmers, and
Speaker 1: they pay the farmers to not grow crops on a
Speaker 1: large portion of their land. Now why would they do that, Well,
Speaker 1: they do it because you know the climate and uh,
Speaker 1: if they if they if they don't, if they don't
Speaker 1: plant here, then somehow it can save the climate. Apparently. Now, okay,
Speaker 1: you know, because apparently the temperature of the earth could
Speaker 1: go up by four degrees over the next you know,
Speaker 1: hundred years, which have you ever been to Arizona? Going
Speaker 1: up by four degrees doesn't seem like the end of
Speaker 1: the world, especially over a hundred year of rain, when
Speaker 1: today we have people that could potentially starve the death.
Speaker 1: So the farmers went to the government. They said, please
Speaker 1: let us plant on this we can help alleviate this food.
Speaker 1: And they said, no, no, you can't do it because
Speaker 1: it doesn't fit within our climate goals. Now, even if
Speaker 1: they waved a magic wand and said, okay, fine, we
Speaker 1: need more food. We need to alleviate to this point
Speaker 1: food prices, so we need to bring more food onto
Speaker 1: the market. Go ahead and go plant the food. Well,
Speaker 1: we already missed the plant for two. If you don't
Speaker 1: plan it, you can't if you don't, so you can't
Speaker 1: reap it. So now we have to wait for the plant.
Speaker 1: That means we don't have any more food. So I mean,
Speaker 1: even if they may wave a magic want today and
Speaker 1: reverse this, we're still a year and a half out,
Speaker 1: which is why Biden says there's no short term fixed
Speaker 1: too high energy prices um. He says, quote, there's a
Speaker 1: lot going on right now, but the idea we're going
Speaker 1: to be able to, you know, click a switch and
Speaker 1: bring down the cost of gasoline is not likely in
Speaker 1: the near term, nor is it with regard to food.
Speaker 1: These policies that they've put in place have caused these problems.
Speaker 1: The only way to solve these problems is to reverse
Speaker 1: these bad policies they put into place. But to the
Speaker 1: point he said, we can't click a switch and bring
Speaker 1: the cost of gasoline and food down because it's going
Speaker 1: to take years to get us out of this. So
Speaker 1: that's why he says, quote, we can't take immediate action
Speaker 1: that I'm aware of yet to figure out how we're
Speaker 1: going to bring down the price of gasoline back to
Speaker 1: three dollars a gallon. End quote from President Brighton. But
Speaker 1: they actually have another plan, this one. This one's great.
Speaker 1: But what we can do is compensate by providing for
Speaker 1: other necessary costs for families by bringing those down. What's
Speaker 1: their idea on that. I'm gonna tell you, and you're
Speaker 1: not gonna like it, and neither do I. You're listening
Speaker 1: to the Marketma Show. We're talking about bitcoin, cryptocurrencies. We're
Speaker 1: talking about record inflation and how centralization is causing the
Speaker 1: problem and decentralization is going to be the answer to that.
Speaker 1: I'm gonna come back with that and more in a minute.
Speaker 1: Don't go away, all right, welcome back. You are listening
Speaker 1: to the Markmas Show. We're talking about the decentralized Revolution
Speaker 1: each and every week, talking about how bitcoin and cryptocurrencies
Speaker 1: are changing the world and specifically how the world is
Speaker 1: at peak centralization and swinging back to decentralization. And we're
Speaker 1: talking about some of these problems that this peak centralization
Speaker 1: has caused, specifically central planning of course, centralization, central plan
Speaker 1: and I was talking about this this craziness of how
Speaker 1: they can't they can't figure out a way to solve
Speaker 1: the energy and food inflation problems. The prices of energy
Speaker 1: and food have gone astronomical. There's no easy fix. Of course,
Speaker 1: the easy fix not the easy fix. But the fix
Speaker 1: is to increase the supply. There's that doesn't doesn't doesn't
Speaker 1: happen immediately, and it's not easy because it goes against
Speaker 1: their ideologies. Now, they do have a short term fix
Speaker 1: that I think maybe you would win them a little
Speaker 1: bit of points in the polls, but it's going to
Speaker 1: have drastic long term effects. And uh he says quote here,
Speaker 1: Biden says a quote. But we can compensate for these
Speaker 1: high prices by providing for other necessary costs for families,
Speaker 1: by bringing those down. He said taxes could be increased
Speaker 1: on corporations and the wealthy to help pay for deficit
Speaker 1: reduction and provide relief or families. M hm. So what
Speaker 1: he's saying is we should rob from the rich to
Speaker 1: pay for the poor. We he said, we could increase
Speaker 1: taxes on corporations and the wealthy to help pay for
Speaker 1: the families, to provide relief for families. It's called wealth.
Speaker 1: Uh well, wealth confiscation, wealth redistribution as a way they'd
Speaker 1: like to do it. Now, Okay, I mean that's that's sure.
Speaker 1: That's one solution, Like I said, another solution, who is
Speaker 1: just destroyed the economy, so nobody there's no demand, nobody
Speaker 1: can nobody can go anywhere, nobody needs to buy food,
Speaker 1: nobody needs to buy I guess they could just kill
Speaker 1: everybody too, right, I mean there's a there's other solutions
Speaker 1: as well. Um. Or we could solve it easily by
Speaker 1: just letting the free market work and letting people just
Speaker 1: bring the supplies back, like the farmers that are literally
Speaker 1: begging the United States to let them grow more food
Speaker 1: and they say no, So we could just do that.
Speaker 1: That would probably be the best I'm saying that sarcastically,
Speaker 1: of course. Or what we could do is since since
Speaker 1: the prices are going so high and it's affecting the
Speaker 1: poor uh more, which which is true, and of course
Speaker 1: it's always the the lower income that are adversely affected
Speaker 1: the most because the food energy makes up a larger
Speaker 1: percentage of their budget. So rather than just how about
Speaker 1: letting the market's work and bring the cost of food
Speaker 1: and energy back down? Um. Instead of that, what would do,
Speaker 1: Let's just steal money from the more wealthy people, and
Speaker 1: that way we can provide relief for some of the
Speaker 1: low income people. How do we do that. I guess
Speaker 1: they're going to start new forms of welfare or something
Speaker 1: like that. I mean, it's just insane. It's just adds
Speaker 1: problems on top of problems on top of problems. I
Speaker 1: guess that's the way they want to do that, the
Speaker 1: way they want to cure it. But ultimately they have
Speaker 1: no plan. Um that's the big problem. There's nothing they
Speaker 1: can do about it in the short term. And they're
Speaker 1: basically conceding that they've these these mistakes. They didn't anticipate them.
Speaker 1: They're saying that out loud, um unanticipated shocks, which we
Speaker 1: could have told you. But let me let me explain
Speaker 1: this a little bit differently. So let me use an
Speaker 1: analogy which I've used before. Uh, First of all, money
Speaker 1: is not wealth, right, money helps us acquire wealth. Money
Speaker 1: measures wealth. Wealth is goods and services. And I use
Speaker 1: this analogy all the time. If I was on a
Speaker 1: deserted island with no boat, no phone, no food, no water,
Speaker 1: no way to get off the island, and I had
Speaker 1: a billion dollars of cash, a billion dollars of gold,
Speaker 1: a billion dollars a bigcoin, had all that three billion dollars,
Speaker 1: all of that is worth nothing to me. Now, if
Speaker 1: there was one guy on the island and he had
Speaker 1: a bunch of coconuts, that he would be the richest guy,
Speaker 1: not me. With three billion dollars, he would be the
Speaker 1: richest guy. Now, what if I said, hey, guy, I'll
Speaker 1: give you three billion dollars for your coconuts. He would
Speaker 1: say no. He would say no because what does he
Speaker 1: want three billion dollars for. He wants food, he wants water. Right,
Speaker 1: it's good. Money is a medium of exchange. All money
Speaker 1: does is allow me to exchange one good for another.
Speaker 1: So in the old days we had barter. I trade
Speaker 1: you a chicken for a If you don't want my
Speaker 1: chicken or goat, we don't have a deal. So the
Speaker 1: money is a medium exchange. It allows me to exchange
Speaker 1: my chicken into this money and then use that money
Speaker 1: to go buy the goat later from somebody else. So
Speaker 1: all it does is facilitate trade. It expands this barter
Speaker 1: network because what we really need is we need to
Speaker 1: exchange a good for another good. And so this guy
Speaker 1: with the coconuts, he doesn't want the money because there's
Speaker 1: nothing for him to turn the money back into later.
Speaker 1: Now if he thought he was getting off the island.
Speaker 1: Maybe he'd take the money. So instead of saying, hey,
Speaker 1: i'll give you three billion dollars, what he would probably
Speaker 1: take an exchange is if I can go catch a
Speaker 1: couple of fish. Now I'd say, okay, great, I'll trade
Speaker 1: you those fish for my coconuts. Maybe I go build
Speaker 1: him a hut. So now he said, okay, I'll exchange
Speaker 1: your hut or your labor for those coconuts. So he
Speaker 1: wants a good for good. He doesn't want the money.
Speaker 1: And this is why the Federal Reserve and the central
Speaker 1: banks and the central planners are powerless to stop this
Speaker 1: because all they can do is print more money. But
Speaker 1: more money isn't what the world needs. The world needs
Speaker 1: more energy and more food, and more money doesn't count.
Speaker 1: We can't eat the money. We can't eat the money, right,
Speaker 1: We need the energy, we need the food. Now think
Speaker 1: about it like this. So the United States over the
Speaker 1: last fifty years has basically outsourced everything. We've gotten rid
Speaker 1: of our entire manufacturing based. The United States used to
Speaker 1: be a manufacturing powerhouse. The United States today doesn't manufacture, well,
Speaker 1: hardly anything. What the United States does mostly from a
Speaker 1: globe from from from a countrywide level, from macro level
Speaker 1: is we have services. The United States provides services. So
Speaker 1: most of the US is services. So that's the Facebook,
Speaker 1: the Apple, the Netflix, the Google, the fangs um and
Speaker 1: the majority of our services are financial services. We export
Speaker 1: our financial markets, we export the dollar to the world,
Speaker 1: and we export financial services. But as it turns out,
Speaker 1: people need food and energy, not financial service. Financial services
Speaker 1: are great, but at the end of the day, we
Speaker 1: need food and energy. So we have the United States
Speaker 1: with Facebook, Apple, Netflix, Google services, and we have financial services,
Speaker 1: and we have financial markets, and we print dollars. And
Speaker 1: then you have a country like Russia who grows food.
Speaker 1: Of the world's wheat supply, uh, they make steal between
Speaker 1: Russia and Ukraine, they have six of the world's neon supply.
Speaker 1: What do we need on for? Oh, making microchips, um,
Speaker 1: they make they make gold, they make oil, they produce
Speaker 1: oil and natural gas. Turns out we really need those things.
Speaker 1: And so the US has a bunch of money and
Speaker 1: Russia has a bunch of stuff, a bunch of things,
Speaker 1: a bunch of commodities. But what good is a bunch
Speaker 1: of money if there's no exchanging for it? And so
Speaker 1: Russia has wealth. Now the US could have it, right
Speaker 1: the US. We have The United States is a very
Speaker 1: unique piece of land in the world. The United States
Speaker 1: is probably the best piece of real estate in the
Speaker 1: entire world. We have the best climate. We can grow
Speaker 1: an unlimited amount of food. We have energy, we have oil,
Speaker 1: we have natural gas. China, on the other hand, doesn't China.
Speaker 1: They don't have good land. They can't grow cross like
Speaker 1: the United States stuff. China doesn't have energy in China
Speaker 1: like we have. They have to import at all. But
Speaker 1: but the US has it. We can grow the food.
Speaker 1: The farmers are begging the administration to let them grow
Speaker 1: the food. They said, no, we have the oil, we
Speaker 1: have the natural gas. But Biden's first day in office
Speaker 1: was to shut it all down. We can make things,
Speaker 1: we can invent things. All we have to do is
Speaker 1: allow people to do it, and so to buy too.
Speaker 1: To yell It's point, we were we were caught off guard.
Speaker 1: We didn't anticipate this. Well, we anticipate it. And Biden's
Speaker 1: point about look, there's no easy fix. Well, there's not
Speaker 1: an easy fix because even if they reverse policies today,
Speaker 1: it's going to take a year and a half two
Speaker 1: years for us to start to reap the rewards of this.
Speaker 1: So here we are. I hate to break it to you.
Speaker 1: The best thing you can do is try to protect yourself. Uh.
Speaker 1: The stat I was going to talk about earlier, I'm
Speaker 1: kind of running out of time here was of people
Speaker 1: pulled said that they now have to delay their retirement.
Speaker 1: Pretty sad Americans have to delay their retirement. Um, that's
Speaker 1: how bad the food and energy is hidden Americans. So
Speaker 1: hopefully that makes sense. Central planning always fails because they
Speaker 1: make policies that they don't have the information. The free market,
Speaker 1: the decentralized market could free this up. And yes, bitcoin
Speaker 1: fixes this. It fixes it because it fixes the money.
Speaker 1: It decentralizes the power, decentralizes the decision making capability, and
Speaker 1: takes away the ability to these central planners to make
Speaker 1: these silly central policies that are affective us like this.
Speaker 1: You listen to the Mark Ma Show, We're talking about bitcoin,
Speaker 1: decentralized technology, the decentralized revolution, talking about money, energy, and
Speaker 1: politics and how it all works together. Hopefully that made sense.
Speaker 1: That's what I got for you today. Thanks for listening.