1 00:00:00,120 --> 00:00:02,640 Speaker 1: Hello, and welcome to another episode of the Mark Moa 2 00:00:02,800 --> 00:00:07,320 Speaker 1: show where we talk about what I call the decentralized revolution. 3 00:00:07,320 --> 00:00:10,080 Speaker 1: That's my thesis, talking about the convergence of three cycles 4 00:00:10,119 --> 00:00:14,560 Speaker 1: of course, that's politics, finance, and technology tune a fifty 5 00:00:14,600 --> 00:00:18,080 Speaker 1: year political revolution cycle and eighty year financial revolution cycle, 6 00:00:18,680 --> 00:00:22,919 Speaker 1: a fifty or technological revolution cycle, all on different timeframes, 7 00:00:22,960 --> 00:00:25,759 Speaker 1: all conversion right now, which explains why the world is 8 00:00:25,760 --> 00:00:28,160 Speaker 1: so crazy, what the heck is going on? More importantly, 9 00:00:28,320 --> 00:00:30,480 Speaker 1: where we are going and you have to understand all 10 00:00:30,480 --> 00:00:33,080 Speaker 1: of this. Of course, it's being led by technology, the 11 00:00:33,320 --> 00:00:38,919 Speaker 1: decentralized technology, Bitcoin, cryptocurrencies that are leading to this decentralized revolution. 12 00:00:39,520 --> 00:00:41,640 Speaker 1: A couple of weeks ago, I spent about an hour 13 00:00:41,800 --> 00:00:44,720 Speaker 1: just talking about that thesis and breaking it down for you. 14 00:00:44,760 --> 00:00:47,200 Speaker 1: If you've missed that, No worries, I got your back. 15 00:00:47,280 --> 00:00:49,360 Speaker 1: You can check it out either by going to my 16 00:00:49,479 --> 00:00:52,120 Speaker 1: YouTube channel. Just search Mark Moss on YouTube. You can 17 00:00:52,120 --> 00:00:55,120 Speaker 1: search Mark Moss cycles, or go to my YouTube page 18 00:00:55,120 --> 00:00:58,680 Speaker 1: and just um looking the playlist for that, or check 19 00:00:58,720 --> 00:01:01,120 Speaker 1: it out on the podcast and that work. Um just 20 00:01:01,360 --> 00:01:05,960 Speaker 1: search on any of your favorite podcast apps iTunes. Uh, 21 00:01:06,160 --> 00:01:07,960 Speaker 1: I'm sorry the iTunes app. If you use that or 22 00:01:07,959 --> 00:01:10,440 Speaker 1: the I Heart Music app, etcetera, and you can find 23 00:01:10,520 --> 00:01:14,920 Speaker 1: me there as well. But today we're talking about those 24 00:01:14,959 --> 00:01:17,960 Speaker 1: three things converging. And there's been a lot of big 25 00:01:18,000 --> 00:01:22,280 Speaker 1: news happening in the United States, specifically around the Federal Reserve, 26 00:01:22,400 --> 00:01:26,720 Speaker 1: the policies the Biden administration. What they want to do 27 00:01:26,760 --> 00:01:29,040 Speaker 1: is spending money. Of course, we have to understand that 28 00:01:29,080 --> 00:01:32,600 Speaker 1: the Federal Reserve is basically behind the wheel of the bus, right. 29 00:01:32,600 --> 00:01:35,800 Speaker 1: They're the ones that are driving these markets by increasing 30 00:01:35,840 --> 00:01:38,760 Speaker 1: the money supply and decreasing the money supply, which of 31 00:01:38,760 --> 00:01:44,360 Speaker 1: course is completely ridiculous. This week, the entire world sat 32 00:01:44,440 --> 00:01:48,520 Speaker 1: back and waited, holding their breath for the for the 33 00:01:48,560 --> 00:01:51,720 Speaker 1: head of the Federal Reserve, Jerome Powell, to come out 34 00:01:52,080 --> 00:01:56,240 Speaker 1: and tell us what they were going to do. Ridiculous. 35 00:01:56,360 --> 00:01:59,920 Speaker 1: It's about as ridiculous as what's his name, punk Satani? 36 00:02:00,040 --> 00:02:03,360 Speaker 1: You Phil? I think it is the groundhog. Everybody sits 37 00:02:03,360 --> 00:02:06,360 Speaker 1: around I think somewhere in Pennsylvania the news cameras they're 38 00:02:06,400 --> 00:02:09,520 Speaker 1: waiting is the groundhog gonna come out? Yes? Or no? 39 00:02:09,720 --> 00:02:12,400 Speaker 1: If the groundhog comes out, that means spring is gonna 40 00:02:12,760 --> 00:02:16,959 Speaker 1: continue or end early something like that. I don't know exactly. 41 00:02:17,000 --> 00:02:19,359 Speaker 1: I'm not from Pennsylvania, and I don't really care because 42 00:02:19,600 --> 00:02:22,880 Speaker 1: it's pretty ridiculous. Whether a groundhog comes out of the 43 00:02:22,919 --> 00:02:25,959 Speaker 1: whole or not has no effect on whether spring is 44 00:02:26,000 --> 00:02:29,800 Speaker 1: going to continue or not. It has about as much reality, 45 00:02:29,840 --> 00:02:34,000 Speaker 1: about as much effect. Uh, And it's it's as ridiculous 46 00:02:34,040 --> 00:02:36,880 Speaker 1: as us waiting around for the head of the Federal 47 00:02:36,960 --> 00:02:38,960 Speaker 1: Reserve to come out and tell us what they're gonna 48 00:02:39,040 --> 00:02:41,720 Speaker 1: do with the fate, with our fate, the fate of 49 00:02:42,200 --> 00:02:45,679 Speaker 1: urinized business, the fate of urine eyed retirement, accounts, the 50 00:02:45,720 --> 00:02:48,200 Speaker 1: fate of urineized economy. We have to live in the 51 00:02:48,200 --> 00:02:50,079 Speaker 1: world we have to live in, and the fact that 52 00:02:50,120 --> 00:02:54,480 Speaker 1: we would trust a groundhog or one single man with 53 00:02:54,520 --> 00:02:58,760 Speaker 1: the fate of our life is ridiculous. They're both ridiculous, 54 00:02:58,800 --> 00:03:01,400 Speaker 1: But of course that's the world that we live and 55 00:03:01,400 --> 00:03:04,760 Speaker 1: and uh, A much better system would be a one 56 00:03:04,880 --> 00:03:08,799 Speaker 1: where one man didn't have the power and control over 57 00:03:08,840 --> 00:03:12,560 Speaker 1: our lives by changing the money supply. But of course, 58 00:03:12,680 --> 00:03:14,120 Speaker 1: like I said, that's the world we live in. But 59 00:03:14,160 --> 00:03:17,960 Speaker 1: it's the world that we are I am advocating to change. 60 00:03:18,560 --> 00:03:22,239 Speaker 1: I don't believe anybody, any one person, any one group 61 00:03:22,400 --> 00:03:26,160 Speaker 1: should have control to create money from thin air, artificially 62 00:03:26,160 --> 00:03:29,760 Speaker 1: increase the money supply, and then arbitrarily decrease the money supply. 63 00:03:30,960 --> 00:03:34,200 Speaker 1: So while that is the world we live in today, 64 00:03:34,320 --> 00:03:36,920 Speaker 1: it's a world that we are trying to I am 65 00:03:36,960 --> 00:03:39,200 Speaker 1: trying to abdicate to change. I believe in a world 66 00:03:39,240 --> 00:03:43,320 Speaker 1: that we should separate money and state. We had a 67 00:03:43,440 --> 00:03:45,680 Speaker 1: separation of church and state, and now we should have 68 00:03:45,640 --> 00:03:47,880 Speaker 1: a separation of money and state. And it's not about 69 00:03:47,960 --> 00:03:50,400 Speaker 1: taking it from one group of people and given it 70 00:03:50,440 --> 00:03:53,560 Speaker 1: to another group of people. It's not about installing better 71 00:03:53,680 --> 00:03:58,040 Speaker 1: rules or laws. It's about having no ability to control 72 00:03:58,120 --> 00:04:01,720 Speaker 1: the money supply period and the only way to do 73 00:04:01,760 --> 00:04:06,600 Speaker 1: that is to take it. Quoting one of my favorite authors, F. A. Hyek, 74 00:04:06,920 --> 00:04:11,480 Speaker 1: he said he's a Nobel Prize winner in economics. I 75 00:04:11,480 --> 00:04:13,200 Speaker 1: believe it was about nine eight. He said that there 76 00:04:13,200 --> 00:04:16,400 Speaker 1: shall never be another sound money again. A sound money, 77 00:04:16,800 --> 00:04:21,200 Speaker 1: A sound money being money that can't be artificially created 78 00:04:21,600 --> 00:04:25,720 Speaker 1: and artificially stimulated. Gold was a sound money, right, we 79 00:04:26,000 --> 00:04:28,560 Speaker 1: can't just artificially create it. We can go get more 80 00:04:28,600 --> 00:04:30,800 Speaker 1: of it, so we can we can inflate the supply, 81 00:04:30,880 --> 00:04:36,880 Speaker 1: but only through considerable cost of goods, uh, cost of capital, energy, expenditure, etcetera. 82 00:04:37,400 --> 00:04:39,320 Speaker 1: And so you can't just go arbitrary to create more 83 00:04:39,320 --> 00:04:41,560 Speaker 1: by pushing a button on a keyboard and having you know, 84 00:04:41,560 --> 00:04:44,000 Speaker 1: trillions of dollars more. And so that's sound money. So 85 00:04:44,000 --> 00:04:46,000 Speaker 1: he says, there shall never be another sound money again 86 00:04:46,160 --> 00:04:50,600 Speaker 1: until it is taken from the hands of the government, 87 00:04:51,120 --> 00:04:54,760 Speaker 1: not just this government or that government, all governments, until 88 00:04:54,760 --> 00:04:56,640 Speaker 1: it's taken from the hands of man. I would I 89 00:04:56,640 --> 00:04:59,000 Speaker 1: would go as far as say that never be a 90 00:04:59,000 --> 00:05:01,279 Speaker 1: sound money again until they're taken from the hands of 91 00:05:01,279 --> 00:05:06,280 Speaker 1: the government. But it can't be done by force. Of course, 92 00:05:06,279 --> 00:05:08,680 Speaker 1: it can't be done by force. Why would the government, 93 00:05:08,680 --> 00:05:11,479 Speaker 1: why would the central banks ever give up control to 94 00:05:11,560 --> 00:05:14,520 Speaker 1: create more money? If you could create more money from 95 00:05:14,520 --> 00:05:16,640 Speaker 1: thin air, If you had a money tree in your backyard, 96 00:05:17,080 --> 00:05:20,800 Speaker 1: would you just decide to chop it down? Would you 97 00:05:20,839 --> 00:05:23,520 Speaker 1: decide to let somebody come and just take it away? 98 00:05:23,680 --> 00:05:27,240 Speaker 1: I would imagine you would defend it with everything you had. 99 00:05:27,320 --> 00:05:29,320 Speaker 1: And of course that's just you in your own backyard. 100 00:05:29,400 --> 00:05:31,719 Speaker 1: But we're talking about the central banks that that that 101 00:05:31,880 --> 00:05:34,279 Speaker 1: run the largest militaries in the world. So it can't 102 00:05:34,279 --> 00:05:38,800 Speaker 1: be done by force. But he says, but rather a 103 00:05:38,960 --> 00:05:46,039 Speaker 1: sly roundabout way introducing something that can't be stopped. And 104 00:05:46,080 --> 00:05:48,640 Speaker 1: that's what we talked about. We're talking about bitcoin. Of course, 105 00:05:48,880 --> 00:05:52,279 Speaker 1: it was introduced over a dozen years ago, and today 106 00:05:52,320 --> 00:05:54,680 Speaker 1: it cannot be stopped. Michael Saylor says, it's sort of 107 00:05:54,720 --> 00:05:59,400 Speaker 1: like a virus that's been let let go in cyberspace. 108 00:06:00,040 --> 00:06:04,200 Speaker 1: So it's a cyberspace virus. It's just decentralized. There's no 109 00:06:04,320 --> 00:06:07,000 Speaker 1: head to cut off. Um, it's just out there running 110 00:06:07,120 --> 00:06:08,760 Speaker 1: and there's just no way to shut it down at 111 00:06:08,800 --> 00:06:11,720 Speaker 1: this point. So it can't be stopped. Now, maybe it 112 00:06:11,720 --> 00:06:14,600 Speaker 1: could have been stopped, uh, you know, a decade ago, 113 00:06:14,720 --> 00:06:17,200 Speaker 1: maybe six or seven years ago, but at this point 114 00:06:17,279 --> 00:06:20,120 Speaker 1: it can't be And so f a hyak Um prophetically 115 00:06:20,560 --> 00:06:23,719 Speaker 1: told us in something like this would need to come 116 00:06:23,839 --> 00:06:26,200 Speaker 1: if we ever wanted to get back to a system 117 00:06:26,200 --> 00:06:29,719 Speaker 1: where we weren't waiting for a for a for a 118 00:06:29,720 --> 00:06:31,800 Speaker 1: groundhog to come out of the ground or a Jerome 119 00:06:31,839 --> 00:06:33,520 Speaker 1: Pal to come out of the office and tell us 120 00:06:33,760 --> 00:06:35,880 Speaker 1: what the fate of our world is. But of course 121 00:06:36,080 --> 00:06:39,120 Speaker 1: that's where we are, and so we we wait and 122 00:06:39,160 --> 00:06:41,240 Speaker 1: see what the Federal Reserve is gonna do. We wait 123 00:06:41,279 --> 00:06:44,200 Speaker 1: and see what the stock markets are going to respond to. 124 00:06:44,240 --> 00:06:46,800 Speaker 1: We wait and see what the leaders, the politicians are 125 00:06:46,800 --> 00:06:49,080 Speaker 1: going to do as far as spending money. And so 126 00:06:49,120 --> 00:06:50,680 Speaker 1: we're gonna talk about those couple of things today. We're 127 00:06:50,720 --> 00:06:53,520 Speaker 1: gonna talk about what the Federal Reserve is doing, what 128 00:06:53,600 --> 00:06:56,320 Speaker 1: the markets are doing, and what the government wants to 129 00:06:56,400 --> 00:06:59,560 Speaker 1: do as far as spending more money, because those are 130 00:06:59,600 --> 00:07:02,400 Speaker 1: things that I have the markets, Like I said, it's 131 00:07:02,400 --> 00:07:04,239 Speaker 1: not the system I advocate for. It's not the system 132 00:07:04,279 --> 00:07:05,760 Speaker 1: I believe we have in the future, but it is 133 00:07:05,800 --> 00:07:07,839 Speaker 1: the system that we have today, and we want to 134 00:07:07,839 --> 00:07:10,600 Speaker 1: advocate for change. We have to understand how this works. 135 00:07:10,600 --> 00:07:14,600 Speaker 1: So a couple of things again this week, everybody waited 136 00:07:14,680 --> 00:07:16,560 Speaker 1: holding their breath waiting for Jerome how to come out 137 00:07:16,600 --> 00:07:18,280 Speaker 1: and tell us what they're gonna do. Of course, I'm 138 00:07:18,280 --> 00:07:20,720 Speaker 1: talking about the f o MC meeting and what were 139 00:07:20,720 --> 00:07:24,880 Speaker 1: they going to do with interest rates, the Federal funds rate. 140 00:07:25,640 --> 00:07:29,000 Speaker 1: Were they going to increase the Fed funds rate or 141 00:07:29,080 --> 00:07:31,920 Speaker 1: were they going to hold or would they decrease it. 142 00:07:32,200 --> 00:07:34,360 Speaker 1: Nobody thought they were going to decrease the Fed funds right, 143 00:07:34,960 --> 00:07:37,280 Speaker 1: everybody expected for them to increase it. Of course they've 144 00:07:37,320 --> 00:07:39,080 Speaker 1: been signaling that they would increase it. They started telling 145 00:07:39,080 --> 00:07:41,920 Speaker 1: as in November that they were going to increase the rates. 146 00:07:42,360 --> 00:07:45,120 Speaker 1: And they try to tell us way in advance of 147 00:07:45,160 --> 00:07:46,400 Speaker 1: what they're going to be doing. They don't want to 148 00:07:46,400 --> 00:07:48,200 Speaker 1: have any big surprises or big shocks to the market, 149 00:07:48,240 --> 00:07:51,800 Speaker 1: so they tell us what they're gonna be doing. And so, uh, 150 00:07:51,960 --> 00:07:53,840 Speaker 1: again we did back in November, and of course back 151 00:07:53,880 --> 00:07:57,760 Speaker 1: in November is when we saw the risk on assets 152 00:07:57,760 --> 00:08:00,280 Speaker 1: start to sell off, the risk on assets being text box, 153 00:08:00,800 --> 00:08:03,120 Speaker 1: being bitcoin, cryptocurrencies, etcetera. You can see they made their 154 00:08:03,160 --> 00:08:05,640 Speaker 1: highs in November last year and they started selling off. 155 00:08:06,640 --> 00:08:09,440 Speaker 1: The question that everybody wants to note this week was 156 00:08:10,120 --> 00:08:13,440 Speaker 1: would they come out with a zero point seven five 157 00:08:13,520 --> 00:08:17,560 Speaker 1: percent increase or a one percent increase? At the end 158 00:08:17,560 --> 00:08:19,720 Speaker 1: of the day, what does it really matter? Point seven 159 00:08:19,760 --> 00:08:23,160 Speaker 1: five one percent, it's about the same thing. But yet, uh, 160 00:08:24,120 --> 00:08:27,320 Speaker 1: there's betting markets that literally go out and bet a 161 00:08:27,520 --> 00:08:30,520 Speaker 1: wager on what the federal do. And the wager the 162 00:08:30,520 --> 00:08:32,600 Speaker 1: betting market was betting that they would come out with 163 00:08:32,600 --> 00:08:35,640 Speaker 1: the point seven five percent basis point, which is exactly 164 00:08:35,800 --> 00:08:39,679 Speaker 1: what they did. And the markets responded. And we're gonna 165 00:08:39,679 --> 00:08:43,679 Speaker 1: talk about that and then when I talk about a big, big, 166 00:08:43,720 --> 00:08:47,680 Speaker 1: big deal um that just happened this week, a massive 167 00:08:47,760 --> 00:08:50,800 Speaker 1: pivot in the government and the government spending um, and 168 00:08:50,800 --> 00:08:52,760 Speaker 1: so you need to know about these two things together. 169 00:08:52,800 --> 00:08:54,680 Speaker 1: So I'm trying to put these things in context to you. 170 00:08:54,679 --> 00:08:56,679 Speaker 1: Of course, you're listening to the markmas Show. There's a 171 00:08:56,679 --> 00:08:58,400 Speaker 1: lot of guys talking about politics, a lot of guys 172 00:08:58,400 --> 00:09:01,520 Speaker 1: talking about finance, but nobody's putting it together, helping it, 173 00:09:01,880 --> 00:09:04,720 Speaker 1: helping you have more context to what's going on today. 174 00:09:04,760 --> 00:09:06,760 Speaker 1: So I want to talk more about the insanity of 175 00:09:06,840 --> 00:09:08,800 Speaker 1: one person control and what they're doing, what they decided 176 00:09:08,840 --> 00:09:10,480 Speaker 1: to do this week, what that means for us, what 177 00:09:10,520 --> 00:09:12,400 Speaker 1: that means for the economy, what that means for your business, 178 00:09:12,760 --> 00:09:14,760 Speaker 1: what that means for your retirement, your real estate. And 179 00:09:14,800 --> 00:09:17,000 Speaker 1: then we'll talk about some of these spending bills UM 180 00:09:17,120 --> 00:09:18,600 Speaker 1: the government wants to do, so we'll know where the 181 00:09:18,600 --> 00:09:20,240 Speaker 1: money is going to go, what should be doing about that. 182 00:09:20,640 --> 00:09:22,120 Speaker 1: So you're listening to the Mark ma Show, We're gonna 183 00:09:22,160 --> 00:09:24,760 Speaker 1: cover all that on this show. I got a lot 184 00:09:24,800 --> 00:09:26,920 Speaker 1: to get through, so you don't want to miss this. 185 00:09:26,960 --> 00:09:29,760 Speaker 1: I'll be back in just a minute, so don't go away. 186 00:09:29,920 --> 00:09:32,320 Speaker 1: I'll be right back. All right, welcome back. You are 187 00:09:32,360 --> 00:09:35,720 Speaker 1: listening to the Markma Show. We're talking about the decentralized revolution, 188 00:09:35,720 --> 00:09:38,959 Speaker 1: talking about the way the world is changing right before 189 00:09:39,000 --> 00:09:41,800 Speaker 1: o very eyes to the lens of politics, finance, and technology. 190 00:09:41,800 --> 00:09:44,920 Speaker 1: You have to understand all three of those things to 191 00:09:45,120 --> 00:09:48,040 Speaker 1: understand what is going on. And so I really like 192 00:09:48,080 --> 00:09:51,160 Speaker 1: to focus on the technology piece, the technology pieces what 193 00:09:51,320 --> 00:09:54,200 Speaker 1: has shifted society. But I always have to say that 194 00:09:54,360 --> 00:09:57,600 Speaker 1: solutions are supposed to come to problems. I say supposed 195 00:09:57,600 --> 00:10:00,199 Speaker 1: to because today with the Federal Reserve and the Joe 196 00:10:00,200 --> 00:10:03,040 Speaker 1: Banks creating unlimited amounts of money, we have all this 197 00:10:03,120 --> 00:10:06,720 Speaker 1: money slashing around the system looking for problems to solve 198 00:10:06,760 --> 00:10:09,440 Speaker 1: that don't need to be solved. But solutions are supposed 199 00:10:09,480 --> 00:10:11,280 Speaker 1: to come to problems, and we have a big problem. 200 00:10:11,640 --> 00:10:14,640 Speaker 1: We have a big problem that we rely on a 201 00:10:14,720 --> 00:10:16,400 Speaker 1: groundhog to come out and tell us the weather. Oh wait, 202 00:10:16,880 --> 00:10:21,080 Speaker 1: that was the story from before We wait we wait 203 00:10:21,120 --> 00:10:23,360 Speaker 1: for one man to emerge and tell us what the 204 00:10:23,400 --> 00:10:26,680 Speaker 1: economy is gonna do. It's just as as insane. However, 205 00:10:26,720 --> 00:10:28,720 Speaker 1: he does have more control over the economy than the 206 00:10:28,720 --> 00:10:32,920 Speaker 1: groundhog has over the weather, because he does control the money. 207 00:10:33,240 --> 00:10:36,320 Speaker 1: What they control is the price of money. And this 208 00:10:36,320 --> 00:10:40,120 Speaker 1: is an important piece to understand. Um, if you have 209 00:10:40,200 --> 00:10:44,360 Speaker 1: any grasp of history and economics, maybe you don't, a 210 00:10:44,360 --> 00:10:46,720 Speaker 1: lot of people unfortunately don't teach this stuff anymore. But 211 00:10:46,720 --> 00:10:48,920 Speaker 1: if you have understand they understanding of history and economics, 212 00:10:48,960 --> 00:10:52,319 Speaker 1: you would know that price fixing doesn't work. As a 213 00:10:52,400 --> 00:10:55,000 Speaker 1: matter of fact, it's been tried numerous times and every 214 00:10:55,000 --> 00:10:59,360 Speaker 1: single time it's failed disastrously. The reason why is because 215 00:10:59,840 --> 00:11:03,120 Speaker 1: we do things. Humans do things because we're incentivized to 216 00:11:03,160 --> 00:11:06,000 Speaker 1: do things. We're motivated to do things because of the incentives. 217 00:11:06,679 --> 00:11:10,320 Speaker 1: And typically you would start a business to make money, 218 00:11:10,440 --> 00:11:13,840 Speaker 1: to make a profit. So if I'm going to make 219 00:11:13,920 --> 00:11:16,439 Speaker 1: bread at my bakery and sell you bread, I'm hoping 220 00:11:16,480 --> 00:11:18,920 Speaker 1: to turn a profit. I have to buy the raw goods. 221 00:11:18,960 --> 00:11:21,760 Speaker 1: I have to spend time, energy, pay people to do that. 222 00:11:21,800 --> 00:11:23,680 Speaker 1: I have to pay for my equipment by building, et cetera. 223 00:11:24,240 --> 00:11:26,680 Speaker 1: I have all these costs and I hope to pay 224 00:11:26,720 --> 00:11:29,400 Speaker 1: for all of my expenses by selling the bread and 225 00:11:29,600 --> 00:11:33,440 Speaker 1: have some left over. That's my profit. But what happens 226 00:11:33,440 --> 00:11:35,720 Speaker 1: if the government sets the price of that bread, and 227 00:11:35,800 --> 00:11:37,840 Speaker 1: that price of the bread, now I'm not able to 228 00:11:37,880 --> 00:11:41,160 Speaker 1: make a profit. Well, what would happen, Well, then I 229 00:11:41,280 --> 00:11:44,640 Speaker 1: certainly wouldn't be making bread anymore. And that's exactly what 230 00:11:44,679 --> 00:11:47,680 Speaker 1: happens every single time. It leads to massive shortage, at 231 00:11:47,720 --> 00:11:50,560 Speaker 1: leads to massive distortions. They could also set the price 232 00:11:50,559 --> 00:11:53,920 Speaker 1: of bread artificially high. So what would happen if they said, 233 00:11:54,480 --> 00:11:56,520 Speaker 1: right now, you know the average price of bread is, 234 00:11:56,559 --> 00:11:58,400 Speaker 1: I don't know, call it five bucks a loaf. The 235 00:11:58,679 --> 00:12:01,280 Speaker 1: government comes out and says, you can't sell bread for 236 00:12:01,360 --> 00:12:04,360 Speaker 1: more than three dollars a loaf. Well, a lot of 237 00:12:04,360 --> 00:12:06,480 Speaker 1: people can't sell bread at that price. The costs are 238 00:12:06,520 --> 00:12:09,240 Speaker 1: too expensive. Their costs of their employees, their their their 239 00:12:09,320 --> 00:12:10,959 Speaker 1: their office, their equipment, et cetera. Is too high. The 240 00:12:11,040 --> 00:12:13,880 Speaker 1: raw materials wheat's very expensive today. So I can't make 241 00:12:13,880 --> 00:12:16,560 Speaker 1: bread for three dollars a loaf, so I just stop. 242 00:12:16,880 --> 00:12:20,800 Speaker 1: Then it leads to shortages supply and demand. When you 243 00:12:20,840 --> 00:12:23,760 Speaker 1: have less of the good and you have more demand. 244 00:12:23,800 --> 00:12:26,080 Speaker 1: What happens The price goes up, But the price can't 245 00:12:26,080 --> 00:12:28,400 Speaker 1: go up because they have artificially set the price at 246 00:12:28,480 --> 00:12:31,160 Speaker 1: three dollars, And so instead of the price go up 247 00:12:31,200 --> 00:12:33,440 Speaker 1: to six seven eight like it should, is stuck at 248 00:12:33,440 --> 00:12:35,720 Speaker 1: three and people just don't make it. It It leads to shortages. 249 00:12:35,800 --> 00:12:37,800 Speaker 1: Now it's equally as bad if they try to set 250 00:12:37,800 --> 00:12:40,040 Speaker 1: the opposite way. Let's say that they the going price 251 00:12:40,040 --> 00:12:41,960 Speaker 1: of bread is five dollars a loaf, and they set 252 00:12:42,000 --> 00:12:45,920 Speaker 1: it to ten dollars a loaf, then what would happen. Well, 253 00:12:46,160 --> 00:12:48,080 Speaker 1: if the if the government, if the FED is going 254 00:12:48,120 --> 00:12:50,520 Speaker 1: to buy all the bread they want at ten dollars, 255 00:12:50,679 --> 00:12:53,440 Speaker 1: will imagine how much more bread would be being made. 256 00:12:53,440 --> 00:12:55,320 Speaker 1: And so all these bread makers who can sell for 257 00:12:55,360 --> 00:12:58,200 Speaker 1: five bucks a loaf, they're getting rich. They're loving it. 258 00:12:58,440 --> 00:13:00,600 Speaker 1: Now we're getting way more people put into the bread 259 00:13:00,600 --> 00:13:03,120 Speaker 1: making business. So now we have more competition and more 260 00:13:03,120 --> 00:13:06,200 Speaker 1: people are are positions shifting their businesses for making certain 261 00:13:06,240 --> 00:13:09,679 Speaker 1: goods into making bread because bread is now ten dollars 262 00:13:09,720 --> 00:13:13,199 Speaker 1: a loaf, and so all these people that shifted from 263 00:13:13,200 --> 00:13:15,840 Speaker 1: making other goods that were needed in the market have 264 00:13:15,920 --> 00:13:18,480 Speaker 1: now stopped making those goods and they go make the 265 00:13:18,520 --> 00:13:20,439 Speaker 1: bread for ten dollars a loaf. But now we have 266 00:13:20,480 --> 00:13:22,600 Speaker 1: all these shortages in another part of the market that's 267 00:13:22,600 --> 00:13:27,120 Speaker 1: now being underserved, and we have all what's called malinvestment, 268 00:13:27,480 --> 00:13:30,319 Speaker 1: and so now they're investing into new bread making facilities 269 00:13:30,760 --> 00:13:34,280 Speaker 1: because they think there's more demand there. But the reality 270 00:13:34,400 --> 00:13:36,640 Speaker 1: is there isn't more demand. There's just the government has 271 00:13:36,760 --> 00:13:40,400 Speaker 1: artificially set the price to that level. And at some 272 00:13:40,440 --> 00:13:42,440 Speaker 1: point the government goes, hang on, we we can't keep 273 00:13:42,480 --> 00:13:44,560 Speaker 1: paying ten dollars a low forever. That's kind of ridiculous. 274 00:13:44,559 --> 00:13:47,760 Speaker 1: They stop, and now the whole system is messed up. 275 00:13:47,800 --> 00:13:50,120 Speaker 1: Now all these people that spent all this time, money, 276 00:13:50,200 --> 00:13:53,559 Speaker 1: energy to change over their business to make to make bread, 277 00:13:53,679 --> 00:13:56,160 Speaker 1: and now because I thought there was demand, but it 278 00:13:56,240 --> 00:14:01,440 Speaker 1: was artificial demand. And so now that collapses, we still 279 00:14:01,480 --> 00:14:03,480 Speaker 1: have lost the other goods that they were making before 280 00:14:03,520 --> 00:14:05,800 Speaker 1: the bread. And you can see how bad it is 281 00:14:05,800 --> 00:14:08,760 Speaker 1: on either side. And so the answer to that is 282 00:14:08,760 --> 00:14:11,920 Speaker 1: to don't set prices. The answer is to let the 283 00:14:12,000 --> 00:14:17,000 Speaker 1: market decide. Let the market um indicators, the market communicate 284 00:14:17,160 --> 00:14:20,040 Speaker 1: where the demand is. So if less people want to 285 00:14:20,040 --> 00:14:23,480 Speaker 1: eat bread, I don't eat bread. I don't believe bread 286 00:14:23,560 --> 00:14:25,440 Speaker 1: is very healthy for you, so most people shouldn't, So 287 00:14:25,480 --> 00:14:28,160 Speaker 1: we should have less demand for bread. And then eventually 288 00:14:28,240 --> 00:14:31,000 Speaker 1: people make less bread and they start shifting their businesses 289 00:14:31,000 --> 00:14:32,800 Speaker 1: over to areas that do have demand. That would be 290 00:14:32,920 --> 00:14:35,360 Speaker 1: the way that the market should work. The reason why 291 00:14:35,400 --> 00:14:39,200 Speaker 1: I tell you that story is because the government, the 292 00:14:39,280 --> 00:14:43,280 Speaker 1: Federal Reserve, the central banks. I should say that separately. 293 00:14:43,320 --> 00:14:45,200 Speaker 1: The Federal Reserve and the government are not the same. 294 00:14:45,920 --> 00:14:48,160 Speaker 1: The government is not the Federal Reserve. The federal is 295 00:14:48,200 --> 00:14:51,280 Speaker 1: neither federal, nor do they have any reserves. It's a 296 00:14:51,400 --> 00:14:57,240 Speaker 1: semi quasi private partnership that the government has a little 297 00:14:57,280 --> 00:14:59,640 Speaker 1: bit of influence over, but not a lot. That's a 298 00:14:59,680 --> 00:15:02,480 Speaker 1: topic for another story for another day. But you can 299 00:15:02,560 --> 00:15:03,800 Speaker 1: hit me up on a comment if you let me 300 00:15:03,840 --> 00:15:05,680 Speaker 1: to dig more into that. If you like to know 301 00:15:05,720 --> 00:15:07,920 Speaker 1: more about that, read the book Creature from jackoll Island. 302 00:15:07,920 --> 00:15:10,520 Speaker 1: It's a pretty good primer um. But I tell you 303 00:15:10,560 --> 00:15:14,480 Speaker 1: that because what the Fed does by raising the rates 304 00:15:14,520 --> 00:15:16,600 Speaker 1: like they just did this week this week by zero point, 305 00:15:17,880 --> 00:15:22,160 Speaker 1: is they adjust the price of money. And by fixing 306 00:15:22,240 --> 00:15:26,040 Speaker 1: the price of money, it fixes the prices of everything else. 307 00:15:26,800 --> 00:15:30,840 Speaker 1: So let me explain how that works. So most people 308 00:15:30,880 --> 00:15:33,760 Speaker 1: don't think about this. You think that you use money 309 00:15:33,800 --> 00:15:37,200 Speaker 1: to buy goods and services, which you do. So for example, 310 00:15:37,640 --> 00:15:40,680 Speaker 1: I take a thousand dollars of my dollars and I 311 00:15:40,680 --> 00:15:44,640 Speaker 1: can go buy an iPhone or whatever whatever they about is. 312 00:15:44,920 --> 00:15:46,840 Speaker 1: So I take a thousand dollars and I go buy 313 00:15:47,120 --> 00:15:50,000 Speaker 1: an iPhone. But I have this iPhone in my hand 314 00:15:50,080 --> 00:15:55,160 Speaker 1: right here, I could also go buy dollars with the iPhone. Right, 315 00:15:55,240 --> 00:15:57,760 Speaker 1: I could sell this iPhone for dollars. I'm buying dollars. 316 00:15:58,320 --> 00:16:00,840 Speaker 1: So it's two way street trade. Trades work both ways. 317 00:16:01,080 --> 00:16:02,840 Speaker 1: But let's say that I wanted to go buy a 318 00:16:02,840 --> 00:16:05,960 Speaker 1: house and I needed a hundred thousand dollars to buy 319 00:16:06,000 --> 00:16:08,080 Speaker 1: a house. I don't have a hundred thousand dollars, so 320 00:16:08,120 --> 00:16:14,120 Speaker 1: I need to go buy the hundred thousand for the house. Now, 321 00:16:14,160 --> 00:16:15,840 Speaker 1: how much does it cost me to buy a hundred 322 00:16:15,840 --> 00:16:20,320 Speaker 1: thousand dollars, Well, that's the interest rate. The interest rate 323 00:16:20,400 --> 00:16:23,760 Speaker 1: I pay is the cost of the money. And of 324 00:16:23,800 --> 00:16:26,520 Speaker 1: course that's what the Feds did. They adjusted the Fed 325 00:16:26,600 --> 00:16:29,920 Speaker 1: funds rate by zero point seven. They had just they 326 00:16:29,960 --> 00:16:32,960 Speaker 1: made it more expensive. Money now is more expensive than 327 00:16:33,000 --> 00:16:36,360 Speaker 1: it used to be. Well, why does that matter? Well, 328 00:16:36,400 --> 00:16:40,040 Speaker 1: it matters because by setting the price of money, it 329 00:16:40,160 --> 00:16:42,800 Speaker 1: sets the price of every other good in service. So 330 00:16:43,160 --> 00:16:45,920 Speaker 1: I explained to you that the danger of trying to 331 00:16:46,000 --> 00:16:48,760 Speaker 1: set the price of a loaf of bread, not just 332 00:16:48,840 --> 00:16:50,720 Speaker 1: in the way that affects bread, but affects the rest 333 00:16:50,720 --> 00:16:52,400 Speaker 1: of the market because all these people that were producing 334 00:16:52,440 --> 00:16:54,800 Speaker 1: other goods and services now might go produce bread, and 335 00:16:54,800 --> 00:16:57,480 Speaker 1: so we have all these extra add on, knock on effects, 336 00:16:57,480 --> 00:17:01,360 Speaker 1: if you will, unintended consequences. So if we set the 337 00:17:01,360 --> 00:17:05,600 Speaker 1: price of money, we literally set the price of every 338 00:17:05,640 --> 00:17:09,760 Speaker 1: good in service in the industry. So let me explain 339 00:17:09,840 --> 00:17:13,400 Speaker 1: how this works. The price of money is a signal 340 00:17:13,520 --> 00:17:16,800 Speaker 1: that tells me all kinds of data that I don't 341 00:17:16,800 --> 00:17:18,880 Speaker 1: have to know. I don't have to be an economist, 342 00:17:19,000 --> 00:17:20,919 Speaker 1: I don't have to have a pH d. And I 343 00:17:20,920 --> 00:17:23,159 Speaker 1: don't have to have a team of data scientists to 344 00:17:23,160 --> 00:17:26,280 Speaker 1: go harvest data tell me this. It's all summed up 345 00:17:26,840 --> 00:17:30,920 Speaker 1: trillions of inputs of all the accurate demand, the consumer 346 00:17:31,000 --> 00:17:35,879 Speaker 1: confidence um, the production quality um. All this data is 347 00:17:35,960 --> 00:17:39,840 Speaker 1: summed up for me in one number, and that's the 348 00:17:39,880 --> 00:17:43,600 Speaker 1: price of money. And using that data, it allows me 349 00:17:43,680 --> 00:17:46,080 Speaker 1: to then make decisions on what I want to do. 350 00:17:46,240 --> 00:17:48,480 Speaker 1: I'm gonna explain all of that in a very very 351 00:17:48,480 --> 00:17:50,840 Speaker 1: easy to understand way. It's a very important understand and 352 00:17:50,880 --> 00:17:53,679 Speaker 1: then we'll talk more about what the FEDS doing, and 353 00:17:53,680 --> 00:17:55,600 Speaker 1: then of course we'll talk about how insane that is 354 00:17:55,600 --> 00:17:57,359 Speaker 1: and why we should have a better system. You're listening 355 00:17:57,359 --> 00:17:59,120 Speaker 1: to the Mark Moa Show. Of course, we're talking about 356 00:17:59,119 --> 00:18:01,679 Speaker 1: the decentralized solution, talking about the problem that we have 357 00:18:01,760 --> 00:18:05,159 Speaker 1: today and why we need a decentralized solution to solve that. 358 00:18:05,200 --> 00:18:07,800 Speaker 1: Of course I'm talking about bitcoin. I'm gonna go back 359 00:18:07,800 --> 00:18:10,040 Speaker 1: and explain to you the price of money, why it's 360 00:18:10,040 --> 00:18:12,239 Speaker 1: the problem, fixing it. Um, I'll be back with more 361 00:18:12,280 --> 00:18:14,040 Speaker 1: in a minute, so don't go away. I'll be right back. 362 00:18:14,680 --> 00:18:16,360 Speaker 1: All right, welcome back. You are listening to the Mark 363 00:18:16,440 --> 00:18:18,960 Speaker 1: mo Show. We're talking about, of course, each and every week, 364 00:18:18,960 --> 00:18:22,480 Speaker 1: the decentralized revolution. I'm trying to help you understand what 365 00:18:22,680 --> 00:18:25,960 Speaker 1: is going on in the world today today and more importantly, 366 00:18:25,960 --> 00:18:30,000 Speaker 1: where we go in the future by understanding politics, finance, 367 00:18:30,119 --> 00:18:33,840 Speaker 1: and technology and really where those three converge. And we're 368 00:18:33,880 --> 00:18:38,280 Speaker 1: talking about today. Uh, the insanity of the Federal everybody 369 00:18:38,320 --> 00:18:40,359 Speaker 1: waiting on the Federal reserve to tell us what's going 370 00:18:40,440 --> 00:18:43,399 Speaker 1: to happen with our future and how I I likened 371 00:18:43,400 --> 00:18:46,359 Speaker 1: it to almost as insane as looking at a groundhog 372 00:18:46,400 --> 00:18:49,040 Speaker 1: to come out and predict the weather. But yet here 373 00:18:49,040 --> 00:18:51,679 Speaker 1: we are, so Um, the Fed they did they in 374 00:18:51,800 --> 00:18:54,479 Speaker 1: fact did raise the rates, the FED fund rates by 375 00:18:54,560 --> 00:18:57,439 Speaker 1: zero point seven, so they made the cost of more 376 00:18:57,640 --> 00:19:00,080 Speaker 1: money more expensive. If you if you've missed a what 377 00:19:00,080 --> 00:19:02,320 Speaker 1: I've led up to, You've missed a lot, but don't worry. 378 00:19:02,359 --> 00:19:03,879 Speaker 1: I'm not gonna I'm not gonna recap at all, but 379 00:19:03,920 --> 00:19:06,399 Speaker 1: don't worry. You can check it out on the podcast. 380 00:19:07,720 --> 00:19:11,240 Speaker 1: Just search Mark Moss podcast on your favorite podcast player, UM, iTunes, 381 00:19:11,240 --> 00:19:13,760 Speaker 1: I Heart, etcetera. Or you can check it out on 382 00:19:13,960 --> 00:19:17,960 Speaker 1: YouTube as well. Just search market disruptors on YouTube and 383 00:19:18,000 --> 00:19:19,480 Speaker 1: you'll find these on there as well. If you'd like 384 00:19:19,520 --> 00:19:21,840 Speaker 1: to watch me, if you'd like to see me talking 385 00:19:21,880 --> 00:19:24,959 Speaker 1: to you, you can check it out on video. Alright. 386 00:19:25,040 --> 00:19:27,720 Speaker 1: So um, they set the price of money. So here's 387 00:19:27,720 --> 00:19:31,560 Speaker 1: how it works. I said, all trillions of data inputs 388 00:19:32,320 --> 00:19:35,199 Speaker 1: are all summarized in one price of good. So what 389 00:19:35,240 --> 00:19:37,840 Speaker 1: do I mean by that? Everything works off supply and demand? 390 00:19:38,359 --> 00:19:42,919 Speaker 1: If if if, if I need to borrow money for 391 00:19:43,000 --> 00:19:45,720 Speaker 1: a house, a car, about whatever. Um, I need to 392 00:19:45,720 --> 00:19:48,399 Speaker 1: go borrow money. Now, if there's way more people that 393 00:19:48,440 --> 00:19:53,040 Speaker 1: want to loan money, then there are people needing to borrow. 394 00:19:53,920 --> 00:19:56,840 Speaker 1: The cost of that money would come down right, just 395 00:19:56,880 --> 00:19:59,399 Speaker 1: like a good. So if there was ten houses for 396 00:19:59,480 --> 00:20:04,399 Speaker 1: sale but only one buyer, um, the price of the 397 00:20:04,440 --> 00:20:07,000 Speaker 1: homes would have to come down because it's not enough 398 00:20:07,040 --> 00:20:10,320 Speaker 1: demand for the supply. But if the opposite was true, 399 00:20:10,359 --> 00:20:13,359 Speaker 1: let's say there was ten buyers but only one home, 400 00:20:13,760 --> 00:20:15,200 Speaker 1: the price of the home we go up because there's 401 00:20:15,200 --> 00:20:18,639 Speaker 1: more demand than there are supply. That makes sense. So 402 00:20:18,680 --> 00:20:21,960 Speaker 1: the same would be true with money. If there's um 403 00:20:22,160 --> 00:20:25,960 Speaker 1: one person wanting to borrow, but ten people wanting to lend, 404 00:20:26,520 --> 00:20:28,640 Speaker 1: the price of that money would come down. I'll own 405 00:20:28,680 --> 00:20:30,040 Speaker 1: to you for five percent, I'll own to you for 406 00:20:30,040 --> 00:20:31,800 Speaker 1: four percent, all loan to you for three percent. Write 407 00:20:31,800 --> 00:20:33,840 Speaker 1: the price come down. And the opposite is true. If 408 00:20:33,840 --> 00:20:35,879 Speaker 1: there's ten people wanting to borrow but only one person 409 00:20:35,920 --> 00:20:39,040 Speaker 1: wanting to loan, we'll I'll pay six percent, I'll pay 410 00:20:39,080 --> 00:20:41,840 Speaker 1: seven percent, I'll pay percent right, so it goes up. Now. 411 00:20:41,840 --> 00:20:46,600 Speaker 1: The reason why that's important to understand is because that 412 00:20:46,600 --> 00:20:49,600 Speaker 1: that price tells us all this data. So, for example, 413 00:20:50,160 --> 00:20:53,920 Speaker 1: if a lot of people have saved up money, that 414 00:20:53,960 --> 00:20:57,880 Speaker 1: means that they're consuming less goods and services. So if 415 00:20:57,920 --> 00:21:01,320 Speaker 1: the price of money is low, what that tells me 416 00:21:01,400 --> 00:21:04,119 Speaker 1: is that more people have saved money. That means the 417 00:21:04,160 --> 00:21:07,200 Speaker 1: economy is doing very good. They're making more money than 418 00:21:07,240 --> 00:21:11,080 Speaker 1: they're spending. Um, their savings is high, and so I 419 00:21:11,119 --> 00:21:14,000 Speaker 1: know the economy is doing good. I know consumer confidence 420 00:21:14,040 --> 00:21:17,080 Speaker 1: is good. I know that people have money to spend, 421 00:21:17,280 --> 00:21:20,200 Speaker 1: and so in that environment, I might decide to launch 422 00:21:20,240 --> 00:21:22,840 Speaker 1: a new business, a new product, because I know that 423 00:21:22,880 --> 00:21:25,159 Speaker 1: there's people out there that have money. I know the 424 00:21:25,200 --> 00:21:28,440 Speaker 1: economy is good. I know the price of money is low, 425 00:21:28,960 --> 00:21:31,680 Speaker 1: and so I would launch that business. Let's say that 426 00:21:32,119 --> 00:21:34,440 Speaker 1: I want to make iPhones, and I know that it's 427 00:21:34,440 --> 00:21:37,080 Speaker 1: going to cost me a thousand dollars to make an iPhone, 428 00:21:37,080 --> 00:21:40,440 Speaker 1: but I can sell it for a ten percent profit, 429 00:21:40,880 --> 00:21:42,920 Speaker 1: and I can borrow the money at five percent. So 430 00:21:43,200 --> 00:21:44,679 Speaker 1: I can borrow money at five percent, but I can 431 00:21:44,720 --> 00:21:48,200 Speaker 1: make a time percent profit. I'll do that deal. Um. However, 432 00:21:48,800 --> 00:21:50,480 Speaker 1: let's say that the opposite were true. Let's say that 433 00:21:51,119 --> 00:21:53,640 Speaker 1: I want to borrow that money, but there's not many 434 00:21:53,640 --> 00:21:55,560 Speaker 1: people that want to loan me the money. Well, that 435 00:21:55,640 --> 00:21:58,119 Speaker 1: also tells me that the economy is doing bad, that 436 00:21:58,200 --> 00:22:01,360 Speaker 1: people's business is doing bad. People don't have enough savings, 437 00:22:01,520 --> 00:22:04,760 Speaker 1: people don't have enough disposable income, and that means then 438 00:22:04,760 --> 00:22:07,240 Speaker 1: the cost of money would be high. And so now 439 00:22:07,280 --> 00:22:09,360 Speaker 1: because I can make a tempercent margin on the iPhone, 440 00:22:09,640 --> 00:22:12,800 Speaker 1: but now it's gonna cost me twelve to borrow, I 441 00:22:12,840 --> 00:22:15,720 Speaker 1: won't do the deal. And so it tells me all 442 00:22:15,840 --> 00:22:20,400 Speaker 1: this about the consumer, about the savings, about spending, all 443 00:22:20,480 --> 00:22:23,320 Speaker 1: this data just in the price of the money. To 444 00:22:23,320 --> 00:22:25,960 Speaker 1: put the problem back to the bread example I used before, 445 00:22:26,359 --> 00:22:30,159 Speaker 1: If the government artificially sets the price of bread, or 446 00:22:30,200 --> 00:22:33,200 Speaker 1: in this case artificially sets the price of money, as 447 00:22:33,240 --> 00:22:35,840 Speaker 1: they did this week by changing the rate that they 448 00:22:35,920 --> 00:22:38,320 Speaker 1: charge the Fed funds rate, then all of a sudden, 449 00:22:38,400 --> 00:22:40,560 Speaker 1: I don't know what to do. It's creates all types 450 00:22:40,600 --> 00:22:45,199 Speaker 1: of bad investment. Either one it's set too low, and 451 00:22:45,240 --> 00:22:47,960 Speaker 1: in this case, this creates malinvestment. Well, the price of 452 00:22:48,000 --> 00:22:50,400 Speaker 1: money is low, that must mean the economy is doing amazing. 453 00:22:50,680 --> 00:22:53,639 Speaker 1: That must mean people have all types of disposable income. 454 00:22:53,920 --> 00:22:57,080 Speaker 1: That must mean that I should go launch this new product, 455 00:22:57,160 --> 00:22:59,399 Speaker 1: this new business, because I know all these people that 456 00:22:59,400 --> 00:23:01,919 Speaker 1: want to spend money. But that's not really the case. 457 00:23:02,560 --> 00:23:06,800 Speaker 1: Because they've artificially set the price, they've artificially increased the 458 00:23:06,920 --> 00:23:11,280 Speaker 1: demand when it's not really there. And so then myself 459 00:23:11,400 --> 00:23:14,760 Speaker 1: or you, you make bad decisions. Now you go risk 460 00:23:14,960 --> 00:23:19,359 Speaker 1: your life savings, You risk all your time, all your energy, 461 00:23:19,400 --> 00:23:23,200 Speaker 1: your blood, sweat and tears to launch this business based 462 00:23:23,240 --> 00:23:28,120 Speaker 1: off of data that was bad, based off of faulty data. 463 00:23:28,480 --> 00:23:31,560 Speaker 1: And it gets even worse than that, because not only 464 00:23:31,680 --> 00:23:34,600 Speaker 1: was the information bad that they gave you and led 465 00:23:34,640 --> 00:23:38,240 Speaker 1: you to make bad decisions, but then on top of that, 466 00:23:38,640 --> 00:23:42,040 Speaker 1: they changed the rules whenever they want, so all of 467 00:23:42,080 --> 00:23:45,879 Speaker 1: a sudden, they're artificially stimulating the market, and so people 468 00:23:46,000 --> 00:23:50,560 Speaker 1: think that there's some activity. So you spend all this time, money, sweat, energy, blood, sweat, tears, etcetera. 469 00:23:50,640 --> 00:23:54,320 Speaker 1: To launch this business, and things are kind of going okay, 470 00:23:54,359 --> 00:23:57,040 Speaker 1: but then they change it, and all of a sudden, 471 00:23:57,080 --> 00:23:59,959 Speaker 1: they suck the money out of the economy by ray 472 00:24:00,000 --> 00:24:02,960 Speaker 1: easy in the rates. But wait a minute, I thought 473 00:24:02,960 --> 00:24:05,000 Speaker 1: the economy was doing good. The price of money was cheap. 474 00:24:05,160 --> 00:24:07,560 Speaker 1: I made all these um I bought all this equipment, 475 00:24:07,760 --> 00:24:09,879 Speaker 1: I signed all these leases, I hired all these people, 476 00:24:10,200 --> 00:24:11,840 Speaker 1: and now all of a sudden, the price of money 477 00:24:11,840 --> 00:24:15,439 Speaker 1: went really expensive. And now nobody has any money, and 478 00:24:15,440 --> 00:24:17,160 Speaker 1: now nobody can buy my products, and now I can't 479 00:24:17,160 --> 00:24:21,760 Speaker 1: afford to pay all my payments on all these things, 480 00:24:21,840 --> 00:24:24,199 Speaker 1: just like the bread example, which if you missed it, 481 00:24:24,240 --> 00:24:26,960 Speaker 1: go back and check it out. Um, setting the price 482 00:24:27,000 --> 00:24:30,040 Speaker 1: of money is very dangerous. And more importantly, if I 483 00:24:30,080 --> 00:24:32,439 Speaker 1: only change the price of bread, it's bread plus all 484 00:24:32,440 --> 00:24:34,720 Speaker 1: the knock on effects. If I changed the price of money, 485 00:24:35,520 --> 00:24:38,440 Speaker 1: then I set the price of everything. And that's where wrap. 486 00:24:38,520 --> 00:24:42,440 Speaker 1: So back to a rep So the FED has been 487 00:24:42,560 --> 00:24:45,880 Speaker 1: manipulating the markets. They've lowered the price of money. It's 488 00:24:45,880 --> 00:24:49,639 Speaker 1: created all types of fake artificial stimulus. Let's create all 489 00:24:49,640 --> 00:24:52,680 Speaker 1: types of malinvestment. And so we have all these businesses, 490 00:24:52,720 --> 00:24:57,080 Speaker 1: all these people operating off all this bad information. And 491 00:24:57,119 --> 00:25:00,240 Speaker 1: then what happens is it creates all this artificial demand, 492 00:25:00,640 --> 00:25:03,840 Speaker 1: which then creates inflation. And so we have again supply 493 00:25:03,880 --> 00:25:06,719 Speaker 1: and demand. If there's more demand in our supply, so 494 00:25:06,760 --> 00:25:10,679 Speaker 1: there's more people with more money chasing the same amount 495 00:25:10,680 --> 00:25:13,120 Speaker 1: of goods and services than the prices of those goods 496 00:25:13,119 --> 00:25:16,040 Speaker 1: and services go up back through the real estate example, 497 00:25:17,080 --> 00:25:20,880 Speaker 1: and so now we have a situation with massive inflation. However, 498 00:25:21,119 --> 00:25:24,119 Speaker 1: that's one reason why we have inflation. We have also 499 00:25:24,160 --> 00:25:28,960 Speaker 1: have inflation because of supply problems. So the supply of 500 00:25:29,000 --> 00:25:31,679 Speaker 1: the goods and services come down for for any number 501 00:25:31,720 --> 00:25:34,560 Speaker 1: of reasons, and it's ridiculous to try to measure this 502 00:25:34,600 --> 00:25:36,920 Speaker 1: inflation with one single number because there's chillions of prices 503 00:25:36,960 --> 00:25:39,920 Speaker 1: as trains of reasons. I won't go into all of those, 504 00:25:40,640 --> 00:25:43,000 Speaker 1: But yet here we are. The FED is trying to 505 00:25:43,040 --> 00:25:46,800 Speaker 1: control the market with one tool, and that's the price 506 00:25:46,840 --> 00:25:49,199 Speaker 1: of money, which doesn't make any sense now that you 507 00:25:49,280 --> 00:25:51,440 Speaker 1: understand it, hopefully you understand that a little bit better. 508 00:25:51,600 --> 00:25:53,760 Speaker 1: If all they can do is change the price of money, 509 00:25:54,080 --> 00:25:57,200 Speaker 1: how can they change the price of wheat that's being 510 00:25:57,240 --> 00:26:00,240 Speaker 1: affected because the Russia Ukraine war. About thirty of the 511 00:26:00,280 --> 00:26:03,560 Speaker 1: global supply of wheat is affected because of the war. 512 00:26:04,840 --> 00:26:08,840 Speaker 1: How does changing the price of money affect the price 513 00:26:09,280 --> 00:26:13,640 Speaker 1: of that? And the answer is it doesn't. So they 514 00:26:13,640 --> 00:26:17,000 Speaker 1: really have no control over this. And the fed's tools 515 00:26:17,040 --> 00:26:20,280 Speaker 1: just aren't really working like they need them to, or 516 00:26:20,320 --> 00:26:23,920 Speaker 1: like they used to. As a matter of fact, one 517 00:26:23,920 --> 00:26:26,520 Speaker 1: of the reasons why that they don't work is because 518 00:26:26,520 --> 00:26:27,880 Speaker 1: when all you have is a hammer, the whole world 519 00:26:27,920 --> 00:26:29,359 Speaker 1: looks like a nail. When all you have as a 520 00:26:29,359 --> 00:26:33,000 Speaker 1: money printer, then your only solution is printing more money. 521 00:26:33,400 --> 00:26:36,560 Speaker 1: We're trying to change the price of that money, but 522 00:26:36,640 --> 00:26:40,160 Speaker 1: The problem is today we have this massive price inflation, 523 00:26:40,160 --> 00:26:43,879 Speaker 1: consumer price inflation for all types of reasons, including a 524 00:26:43,960 --> 00:26:48,040 Speaker 1: Russia Ukraine war, including China with their zero code policies 525 00:26:48,080 --> 00:26:50,720 Speaker 1: and not shipping products back to the US, including people 526 00:26:50,720 --> 00:26:52,840 Speaker 1: wanting to quit their jobs so they can trade options 527 00:26:52,840 --> 00:26:55,520 Speaker 1: on robin hood. And now we don't have enough employees. 528 00:26:55,560 --> 00:26:57,560 Speaker 1: Now we have to pay employees more, and all these 529 00:26:57,560 --> 00:27:02,000 Speaker 1: types of reasons, and the FED is stuck with with 530 00:27:02,160 --> 00:27:05,360 Speaker 1: tool and that's setting the price of money. They can't 531 00:27:05,359 --> 00:27:08,639 Speaker 1: even really create money. By lowering the price of money, 532 00:27:08,840 --> 00:27:12,879 Speaker 1: money more money is created, so they're stuck. So I'm 533 00:27:12,920 --> 00:27:16,200 Speaker 1: gonna explain the situation they're in. What happened with this 534 00:27:16,640 --> 00:27:21,919 Speaker 1: price increase, and um, what the economy is saying about it? 535 00:27:22,359 --> 00:27:26,359 Speaker 1: Because the markets, the stock market, the cryptocurrency markets, the 536 00:27:26,400 --> 00:27:29,840 Speaker 1: price of bitcoin all jumped based off of the news 537 00:27:29,880 --> 00:27:32,760 Speaker 1: this week, and it's telling us some mixed signals. And 538 00:27:32,760 --> 00:27:34,879 Speaker 1: I want to make sure you understand exactly what's going on. 539 00:27:34,920 --> 00:27:36,960 Speaker 1: You listen to the Markma Show. We're talking about the 540 00:27:37,000 --> 00:27:41,560 Speaker 1: decentralized revolution, talking about the intersection of politics, finance, and technology. 541 00:27:41,720 --> 00:27:42,920 Speaker 1: I got a lot more to go over when I 542 00:27:42,960 --> 00:27:45,679 Speaker 1: come back, So don't go away, you right back, all right, 543 00:27:45,720 --> 00:27:48,320 Speaker 1: welcome back. You are listening to the Markma Show. We're 544 00:27:48,320 --> 00:27:50,920 Speaker 1: talking about the decentralized Revolution, talking about the way the 545 00:27:50,960 --> 00:27:56,680 Speaker 1: world is changing because of the intersection of three cycles, 546 00:27:56,720 --> 00:28:00,760 Speaker 1: the two political revolution cycle, a fifty year technology worlution cycle, 547 00:28:00,800 --> 00:28:04,359 Speaker 1: in an eighty year financial revolution cycle, and so we 548 00:28:04,359 --> 00:28:06,160 Speaker 1: dig into each one of those. Today we're talking about 549 00:28:07,440 --> 00:28:11,119 Speaker 1: the insanity of us sitting around this week all waiting 550 00:28:11,200 --> 00:28:13,800 Speaker 1: for the Fed to come out and tell us what 551 00:28:13,920 --> 00:28:16,440 Speaker 1: the price of money was going to be, what our 552 00:28:16,520 --> 00:28:19,600 Speaker 1: lives were going to be like, because they're going to 553 00:28:19,720 --> 00:28:22,560 Speaker 1: change the price of everything. So we went through all that. 554 00:28:23,119 --> 00:28:24,919 Speaker 1: Why that doesn't work. I explained to you that in 555 00:28:24,960 --> 00:28:26,760 Speaker 1: great detail. If you missed any of that, don't worry. 556 00:28:26,960 --> 00:28:29,480 Speaker 1: You can check it out on the podcast. Just search 557 00:28:29,520 --> 00:28:32,000 Speaker 1: Market Moss podcast. You'll find it on the iTunes network 558 00:28:32,160 --> 00:28:36,840 Speaker 1: or I Heart I Heart app. You can also watch 559 00:28:36,880 --> 00:28:38,240 Speaker 1: me on video. If you want to see me deliver 560 00:28:38,280 --> 00:28:40,800 Speaker 1: it on video, you can search it on on YouTube. 561 00:28:41,960 --> 00:28:45,400 Speaker 1: But anyway, we'll keep going on. So the FED came 562 00:28:45,400 --> 00:28:49,360 Speaker 1: out there trying to deal with two different problems. It's 563 00:28:49,400 --> 00:28:53,520 Speaker 1: like trying to ride two different horses. At the same time, 564 00:28:54,200 --> 00:28:56,080 Speaker 1: and if you could just picture that in your head, 565 00:28:58,120 --> 00:29:00,960 Speaker 1: doesn't really work. How you ride two horses at the 566 00:29:01,000 --> 00:29:04,160 Speaker 1: same time, especially two horses that are going in opposite directions, 567 00:29:04,160 --> 00:29:06,160 Speaker 1: And of course that doesn't work. And the two horses 568 00:29:06,400 --> 00:29:12,960 Speaker 1: going opposite directions are one the market's crashing um bubbles 569 00:29:13,000 --> 00:29:17,440 Speaker 1: trying to deflate, deflation happening, stock market crashing, real estate 570 00:29:17,440 --> 00:29:20,840 Speaker 1: market going down. And if they don't continue to pump 571 00:29:20,920 --> 00:29:24,239 Speaker 1: in more money, it's like a balloon. The balloon has 572 00:29:24,280 --> 00:29:25,720 Speaker 1: a big leak in it, and so you have to 573 00:29:25,800 --> 00:29:28,400 Speaker 1: keep pumping more money, and more money, more air, more air, 574 00:29:28,680 --> 00:29:32,080 Speaker 1: keep pumping that bubble up. That's one horse go in 575 00:29:32,080 --> 00:29:35,840 Speaker 1: one direction. The other direction, though, is inflation, the price 576 00:29:35,880 --> 00:29:38,160 Speaker 1: of goods and services going up so fast and so 577 00:29:38,240 --> 00:29:43,280 Speaker 1: high that it's putting everyday people in massive jeopardy. The 578 00:29:43,800 --> 00:29:46,280 Speaker 1: cost of gas, the cost of food, the cost of energy. 579 00:29:46,600 --> 00:29:48,960 Speaker 1: Mainly food and energy, the two most important things in life. 580 00:29:48,960 --> 00:29:51,120 Speaker 1: We can't live without those things. Who cares if your 581 00:29:51,160 --> 00:29:54,440 Speaker 1: TV got cheaper. I don't need to live. I don't 582 00:29:54,440 --> 00:29:56,840 Speaker 1: need a TV to live. I need food, I need energy. 583 00:29:57,400 --> 00:30:00,320 Speaker 1: So those things are getting crazy high, and so those 584 00:30:00,320 --> 00:30:02,280 Speaker 1: are two problems but the problem is is that you 585 00:30:02,320 --> 00:30:05,320 Speaker 1: can't fix one without effecting the other. And so if 586 00:30:05,320 --> 00:30:07,360 Speaker 1: I continue to pump in more money, more air into 587 00:30:07,360 --> 00:30:10,480 Speaker 1: the balloon, more money in the economy, then inflation continues 588 00:30:10,520 --> 00:30:13,360 Speaker 1: to go higher and higher, and so it's left the 589 00:30:13,360 --> 00:30:17,560 Speaker 1: federal Reserve without a lot of um options. And so 590 00:30:17,600 --> 00:30:19,480 Speaker 1: we're seeing this kind of play out in real time 591 00:30:20,920 --> 00:30:24,600 Speaker 1: where in this age of high inflation, the old tools 592 00:30:24,640 --> 00:30:27,160 Speaker 1: at the central banks have had just don't work. And 593 00:30:27,160 --> 00:30:29,200 Speaker 1: we're starting to see this happening all over the world, 594 00:30:29,280 --> 00:30:32,880 Speaker 1: not just the United States, but um as these economies 595 00:30:32,920 --> 00:30:37,320 Speaker 1: start to stall out, it starts to threaten politicians jobs. 596 00:30:37,320 --> 00:30:38,960 Speaker 1: No one's going to vote for a politician. When the 597 00:30:39,080 --> 00:30:42,080 Speaker 1: entire economy went into the trash can, then everybody lost 598 00:30:42,080 --> 00:30:44,480 Speaker 1: her job. And so then the politicians want to get 599 00:30:44,480 --> 00:30:48,000 Speaker 1: everybody to to pump in more money for more fiscal support. 600 00:30:48,160 --> 00:30:50,240 Speaker 1: But the problem is they pump in more money, then 601 00:30:50,280 --> 00:30:52,959 Speaker 1: prices go higher, and so it's like a damned if 602 00:30:52,960 --> 00:30:55,160 Speaker 1: you do, damned if you don't situation, And we're seeing 603 00:30:55,200 --> 00:30:57,040 Speaker 1: this all across the world, like I said, and it's 604 00:30:57,040 --> 00:30:59,080 Speaker 1: starting to claim a lot of victims. As a matter 605 00:30:59,080 --> 00:31:01,360 Speaker 1: of fact, you hear a lot about in the United 606 00:31:01,400 --> 00:31:04,719 Speaker 1: States that the Democrats who have control over the government 607 00:31:04,760 --> 00:31:07,200 Speaker 1: today are going to get wiped out in the mid 608 00:31:07,280 --> 00:31:10,520 Speaker 1: terms because of how bad things are. But again it's 609 00:31:10,520 --> 00:31:12,480 Speaker 1: not just the not just the US. We see it 610 00:31:12,480 --> 00:31:14,200 Speaker 1: all over the world. As a matter of fact, we 611 00:31:14,240 --> 00:31:19,680 Speaker 1: have many high profile casualties. In Italy. Mario drag has 612 00:31:19,720 --> 00:31:22,760 Speaker 1: been running the government for um, I don't even know, 613 00:31:22,920 --> 00:31:26,800 Speaker 1: over a decade at least um and he's gone. That 614 00:31:26,800 --> 00:31:30,080 Speaker 1: that government collapsed on July twenty one, his coalition allies 615 00:31:30,120 --> 00:31:33,600 Speaker 1: withdrew their support and uh said that that this aid 616 00:31:33,640 --> 00:31:36,200 Speaker 1: package for households of business struggling with record injury bills 617 00:31:36,440 --> 00:31:39,000 Speaker 1: wasn't enough. They need more money. But the problem is 618 00:31:39,040 --> 00:31:42,280 Speaker 1: the more money makes their bills go higher, you see. 619 00:31:42,480 --> 00:31:46,280 Speaker 1: So they're demanding more money, but the money is the problem. 620 00:31:46,360 --> 00:31:48,800 Speaker 1: And so he's gone. He has to he has to resign. 621 00:31:48,880 --> 00:31:52,360 Speaker 1: He's gone Marrow Drag in Italy. In the UK, we 622 00:31:52,440 --> 00:31:55,200 Speaker 1: saw Boris Johnson, the Prime Minister, had had to step 623 00:31:55,240 --> 00:31:59,080 Speaker 1: down arguments over his fiscal policy. Um you know, one 624 00:31:59,120 --> 00:32:02,440 Speaker 1: candidates promise and immediate tax cuts and other types of 625 00:32:02,440 --> 00:32:06,080 Speaker 1: relief and so it's undermined what the Bank of England 626 00:32:06,160 --> 00:32:08,760 Speaker 1: can do to team inflation. Of course, we've seen it 627 00:32:08,880 --> 00:32:11,640 Speaker 1: on on an even bigger scale in smaller nations. So 628 00:32:11,720 --> 00:32:15,160 Speaker 1: we had Sri Lanka has completely collapsed. Sri Lanka can't 629 00:32:15,160 --> 00:32:17,600 Speaker 1: afford to pay their debt, back their bonds, they've defaulted. 630 00:32:17,640 --> 00:32:20,200 Speaker 1: Now they can't import any food or energy. And now 631 00:32:20,200 --> 00:32:23,200 Speaker 1: that people are starving, they've overran the prime minister's um 632 00:32:23,280 --> 00:32:28,120 Speaker 1: palace and taken that over. He's gone, Ecuador's gone, Peru's gone, Lebanon. 633 00:32:28,240 --> 00:32:29,680 Speaker 1: I mean, I could sit here and name him. We 634 00:32:29,720 --> 00:32:32,520 Speaker 1: got a dozen governments around the world that are all 635 00:32:32,640 --> 00:32:36,840 Speaker 1: falling right now, and not just small Sri Lanka, Ecuador, Peru, 636 00:32:37,920 --> 00:32:43,120 Speaker 1: We're talking about the UK, We're talking about Italy. This 637 00:32:43,320 --> 00:32:48,880 Speaker 1: may or may not be uh coincidence. I'll leave that 638 00:32:48,960 --> 00:32:53,840 Speaker 1: up to you. But the Prime Minister of Japan was 639 00:32:53,960 --> 00:32:59,880 Speaker 1: recently assassinated and he was proposing a lot of econom 640 00:33:00,040 --> 00:33:03,840 Speaker 1: make programs to try to turn that country around. And 641 00:33:03,840 --> 00:33:05,680 Speaker 1: so you start to see it's creating lots and lots 642 00:33:05,680 --> 00:33:09,320 Speaker 1: of problems here now. A lot of countries they don't 643 00:33:09,360 --> 00:33:15,280 Speaker 1: have the option um that Italy or um Or or 644 00:33:15,320 --> 00:33:17,840 Speaker 1: the UK or the United States have. Like I said, 645 00:33:17,840 --> 00:33:20,520 Speaker 1: we're faced with with two tough decisions. Do we continue 646 00:33:20,520 --> 00:33:23,840 Speaker 1: to stimulate or do we fight inflation. But a lot 647 00:33:23,840 --> 00:33:26,640 Speaker 1: of these nations, the Sri Lanka's, Ecuador's Bruse, they don't 648 00:33:26,640 --> 00:33:30,400 Speaker 1: have that option. They can't print more money, they can't 649 00:33:30,400 --> 00:33:31,760 Speaker 1: do that. They can't set the cost of goods and 650 00:33:31,760 --> 00:33:34,200 Speaker 1: services through pricing money, so they have to then go 651 00:33:34,360 --> 00:33:37,440 Speaker 1: beg to the I m F for money. Now, you know, 652 00:33:37,840 --> 00:33:40,160 Speaker 1: when you get to these levels of debt the entire 653 00:33:40,160 --> 00:33:42,720 Speaker 1: world is in, you really only have a couple of options, 654 00:33:42,760 --> 00:33:44,920 Speaker 1: one of which is austerity, which means you go back 655 00:33:44,960 --> 00:33:50,080 Speaker 1: and live on a budget. Nobody wants to do that. Nobody, no, 656 00:33:50,080 --> 00:33:52,600 Speaker 1: no government wants to cut their spending because they want 657 00:33:52,640 --> 00:33:55,560 Speaker 1: to pay themselves more money every year. They want more 658 00:33:55,680 --> 00:33:58,520 Speaker 1: government programs and more government handouts so they can continue 659 00:33:58,520 --> 00:34:01,480 Speaker 1: to extract more wealth out of the system. So nobody 660 00:34:01,520 --> 00:34:03,720 Speaker 1: wants to cut government spending and go back on a budget. 661 00:34:03,720 --> 00:34:06,480 Speaker 1: Who would want to do that? And so that's not 662 00:34:06,640 --> 00:34:10,320 Speaker 1: really popular, especially on the people it's imposed on, because 663 00:34:10,360 --> 00:34:13,680 Speaker 1: the people want those government programs. That's not that's not 664 00:34:13,719 --> 00:34:16,400 Speaker 1: really a good way. So that there's the second option 665 00:34:16,440 --> 00:34:20,480 Speaker 1: would be too just tax all the money away. Just 666 00:34:20,560 --> 00:34:24,040 Speaker 1: take everybody's wealth. The problem is that wouldn't really take it, 667 00:34:24,320 --> 00:34:27,160 Speaker 1: take it even a dent. If you took all the 668 00:34:27,280 --> 00:34:30,040 Speaker 1: people in the United States wealth, all the billionaires, well, 669 00:34:30,280 --> 00:34:33,440 Speaker 1: just took it all, Hunter took it all. It wouldn't 670 00:34:33,440 --> 00:34:36,319 Speaker 1: even make a dent. It wouldn't even make a dent 671 00:34:36,480 --> 00:34:38,719 Speaker 1: in the debt. And the same is true for any 672 00:34:38,760 --> 00:34:40,520 Speaker 1: other country as well. So that's not really a problem. 673 00:34:40,560 --> 00:34:42,520 Speaker 1: And of course if you try to take everybody's money, 674 00:34:42,920 --> 00:34:44,799 Speaker 1: that wouldn't end up very well, right, And so really 675 00:34:44,880 --> 00:34:48,160 Speaker 1: nations can't really tax more than about fifty percent before 676 00:34:48,160 --> 00:34:51,600 Speaker 1: there's massive revolts, so that's not really gonna work. Um. 677 00:34:51,680 --> 00:34:55,440 Speaker 1: The third option is then um, they could default, and 678 00:34:55,480 --> 00:34:57,080 Speaker 1: so we saw that in Sri Lanka. Some of these 679 00:34:57,080 --> 00:34:59,840 Speaker 1: small nations can do that, um and they and they have. 680 00:35:00,440 --> 00:35:03,920 Speaker 1: But the United States can't really default, the UK they 681 00:35:04,120 --> 00:35:06,439 Speaker 1: can't really default, So that's that's not really gonna work. 682 00:35:07,000 --> 00:35:10,359 Speaker 1: So then there's one other option one and the other 683 00:35:10,360 --> 00:35:14,160 Speaker 1: option is they just keep printing money and they inflated away, 684 00:35:15,680 --> 00:35:19,200 Speaker 1: and unfortunately that's the problem. There's one fifth option and 685 00:35:19,320 --> 00:35:22,879 Speaker 1: something called financial repression, which is the same thing. It's 686 00:35:22,880 --> 00:35:26,000 Speaker 1: basically by stealing your money. So they're forcing people to 687 00:35:26,040 --> 00:35:28,440 Speaker 1: buy government bonds to watch out your pensions. Your four 688 00:35:28,480 --> 00:35:31,359 Speaker 1: oh one case are going to be going into more 689 00:35:31,480 --> 00:35:34,959 Speaker 1: government bonds, buying that government debt. And what they do 690 00:35:35,239 --> 00:35:37,239 Speaker 1: is the rate of inflation is high, so right now 691 00:35:37,280 --> 00:35:40,200 Speaker 1: it's over nine percent, so we have nine percent inflation, 692 00:35:40,520 --> 00:35:44,239 Speaker 1: and they pay you three on your bond, So they're 693 00:35:44,280 --> 00:35:47,120 Speaker 1: paying you three or four percent, but they're inflated away 694 00:35:47,120 --> 00:35:51,160 Speaker 1: at nine. So really you're losing money. They're stealing from 695 00:35:51,200 --> 00:35:53,399 Speaker 1: you through something called financeal oppression. They'll force you into 696 00:35:53,440 --> 00:35:56,680 Speaker 1: buying those goods and services and then steal the money 697 00:35:56,680 --> 00:35:59,200 Speaker 1: away that way. That's that's the most probable outcome out 698 00:35:59,200 --> 00:36:01,000 Speaker 1: of this that why do I go into that? Well, 699 00:36:01,080 --> 00:36:04,080 Speaker 1: it goes back into the insanity that I started talking 700 00:36:04,080 --> 00:36:06,919 Speaker 1: about of having a ground groundhog tell us the weather, 701 00:36:07,000 --> 00:36:09,920 Speaker 1: or the insanity of having Jerome Powell come out and 702 00:36:09,960 --> 00:36:11,759 Speaker 1: tell us what the price of money is going to be. 703 00:36:11,760 --> 00:36:14,440 Speaker 1: They're both insane. The answer is not to take the 704 00:36:14,800 --> 00:36:17,000 Speaker 1: money out of the hands of Jerome Pale and give 705 00:36:17,000 --> 00:36:19,279 Speaker 1: it to somebody else's hands. The goal is to take 706 00:36:19,280 --> 00:36:21,239 Speaker 1: it out of the hands of any person, any man, 707 00:36:22,360 --> 00:36:25,560 Speaker 1: and put into a system that nobody can control. It's 708 00:36:25,560 --> 00:36:28,280 Speaker 1: almost like we need to decentralized ledger that nobody can control. 709 00:36:28,440 --> 00:36:32,240 Speaker 1: Nobody should artificially set the price of goods and services. 710 00:36:32,280 --> 00:36:34,040 Speaker 1: I explained it to you with the bread analogy. Hopefully 711 00:36:34,080 --> 00:36:36,719 Speaker 1: that was helpful. I explained it to you on us 712 00:36:36,760 --> 00:36:39,400 Speaker 1: making decisions based off of that, and you can see 713 00:36:39,440 --> 00:36:41,839 Speaker 1: the problem they've created, and there's no way out at 714 00:36:41,840 --> 00:36:45,400 Speaker 1: this point. There's no way out. The option is to 715 00:36:45,640 --> 00:36:49,080 Speaker 1: never get back into this situation again and never allow 716 00:36:49,360 --> 00:36:54,200 Speaker 1: anybody to control the price of money. But that's just 717 00:36:54,280 --> 00:36:55,680 Speaker 1: my opinion. What do you think I'd love to hear 718 00:36:55,680 --> 00:36:57,120 Speaker 1: from you? Hit me up on social media. You can't 719 00:36:57,120 --> 00:36:59,799 Speaker 1: be up at the number one Mark monsters at one 720 00:36:59,840 --> 00:37:01,879 Speaker 1: more Moss. Hit me up on Twitter or Instagram. I'd 721 00:37:01,880 --> 00:37:04,520 Speaker 1: love to hear from you. And you've been listening to 722 00:37:04,600 --> 00:37:07,360 Speaker 1: the Mark Moshow of course, talking about the decentralized revolution, 723 00:37:07,400 --> 00:37:09,759 Speaker 1: talking about the way that the world is changing through 724 00:37:09,800 --> 00:37:14,000 Speaker 1: the lens of politics, technology and finance. Hopefully that wasn't 725 00:37:14,040 --> 00:37:15,960 Speaker 1: too deep for you. It was. It was fun for me, 726 00:37:16,000 --> 00:37:17,200 Speaker 1: Hopefully was good for you. But that's what I got 727 00:37:17,200 --> 00:37:18,240 Speaker 1: for you today. Thanks for listening,