WEBVTT - The Mark Moss Show Mar 07, 2022 0:00:00.360 --> 0:00:03.240 Hey, everyone, Welcome to another episode of The Markmas Show, 0:00:03.560 --> 0:00:06.720 where we are talking about the decentralized revolution that we 0:00:06.760 --> 0:00:09.240 are going through right now. We're talking about bitcoin. We're 0:00:09.280 --> 0:00:16.240 talking about the intersection of politics, finance and technology. We're 0:00:16.239 --> 0:00:18.799 talking about the intersection of those three things. That is 0:00:18.840 --> 0:00:21.560 what driving is what's driving the world. If you look 0:00:21.560 --> 0:00:23.919 back through thousands of years of history, as I like 0:00:23.960 --> 0:00:26.599 to do, I love to go back and talk about history, um, 0:00:26.640 --> 0:00:30.760 you'll see that it's always technology that changes the world. 0:00:30.960 --> 0:00:33.720 It's the mega political factors that change the way that 0:00:33.760 --> 0:00:36.920 we communicate, the way that we organize, and as the 0:00:36.920 --> 0:00:39.000 way that we communicate, we organize the way that we 0:00:39.040 --> 0:00:43.200 do business as that changes, the world changes. This isn't 0:00:43.280 --> 0:00:48.879 necessarily about politics per se um, but it seems political 0:00:49.000 --> 0:00:52.840 because it changes the organization structure of the world. Now, 0:00:52.880 --> 0:00:57.240 there's plenty of people online talking about politics all day um, 0:00:57.520 --> 0:01:00.160 and there's plenty of people talking about finance over there 0:01:00.200 --> 0:01:02.720 as well. What I'm trying to do is bring to 0:01:02.760 --> 0:01:06.200 you those three things together so you can understand them 0:01:06.240 --> 0:01:08.440 in context of what's going on in the world today. 0:01:08.600 --> 0:01:10.399 Not just understand what's going on in the world today 0:01:10.440 --> 0:01:12.679 for your own peace of mind or just so for 0:01:12.760 --> 0:01:14.679 you know, for your own curiosity, but so you can 0:01:14.800 --> 0:01:19.120 navigate these things properly to protect yourself, your family, your future, 0:01:19.160 --> 0:01:23.319 your legacy, and so much more. It starts with the money. 0:01:23.840 --> 0:01:27.120 All money start or all a should say, all freedom 0:01:27.280 --> 0:01:29.840 starts with the money. As we we've been finding out 0:01:29.920 --> 0:01:32.240 lately and as we're going to dig into today. It 0:01:32.360 --> 0:01:34.600 starts with the money. That's where your freedom, that's where 0:01:34.600 --> 0:01:37.800 your options come from. Your freedom comes from um, and 0:01:37.840 --> 0:01:40.039 then you can start to build on it from there 0:01:40.080 --> 0:01:42.320 your health, your freedom, your family, et cetera. So we 0:01:42.440 --> 0:01:44.280 got a lot of stuff to cover today. I try 0:01:44.280 --> 0:01:46.280 to bring to you each and every week. I try 0:01:46.319 --> 0:01:49.520 to bring to you some education to build your foundation 0:01:49.520 --> 0:01:51.320 on so you can understand what's going on, so you 0:01:51.360 --> 0:01:53.000 can learn how to navigate this. I want to bring 0:01:53.000 --> 0:01:55.560 to you the latest breaking news of what's going on, 0:01:55.680 --> 0:01:57.800 your up to date so you can see these play 0:01:57.840 --> 0:01:59.760 by play as it's happening. Of course, then I try 0:01:59.760 --> 0:02:04.400 to bring you some of the brightest people in the space, UM, 0:02:04.480 --> 0:02:06.160 so you can hear some other perspectives. Then just for 0:02:06.240 --> 0:02:08.760 me keep it kind of interesting. So you listen to 0:02:08.760 --> 0:02:10.960 the Mark Moa show Um, like I said, talking about 0:02:10.960 --> 0:02:14.119 the intersection of politics, finance, and technology, bringing it all 0:02:14.200 --> 0:02:17.160 into context so you can understand today. And of course 0:02:17.880 --> 0:02:21.000 the intersection of those things is smacking us right in 0:02:21.080 --> 0:02:23.600 the face as we speak. UM. If you've been tuning 0:02:23.600 --> 0:02:25.720 in with me each and every week, UM, First off, 0:02:25.760 --> 0:02:28.560 I appreciate that. If you haven't been, then just go 0:02:28.600 --> 0:02:30.359 ahead and take a second, right now, Why don't you 0:02:30.360 --> 0:02:31.960 just pull out your phone. You can put yourself a 0:02:31.960 --> 0:02:35.040 Calibram calendar reminder to join me each and every week 0:02:35.919 --> 0:02:39.200 the same channel at the same time. If you're driving, 0:02:39.360 --> 0:02:41.720 maybe well till you stop up. Otherwise put a reminder 0:02:41.800 --> 0:02:43.760 joined me each and every week. UM. And so if 0:02:43.800 --> 0:02:46.560 you've been joining me, then you know we've been talking about, um, 0:02:46.639 --> 0:02:48.400 some of the stuff that's been going on in Canada 0:02:48.480 --> 0:02:51.160 that's obviously been dominated the news headlines for the last 0:02:51.160 --> 0:02:54.960 couple of weeks, UM, specifically the truck or convoy that happened. 0:02:55.600 --> 0:02:58.839 And again not talking about politics just for politics sake, UM, 0:02:58.840 --> 0:03:00.840 But it's the intersection of those things. And so what 0:03:00.880 --> 0:03:05.000 we found is that in a democracy, which you know 0:03:05.160 --> 0:03:07.919 Canada as a democracy, which by the way, the US 0:03:08.080 --> 0:03:11.640 is not a democracy. The US is a republic. If 0:03:11.639 --> 0:03:13.560 you grew up saying the Pledge of Allegiance in school, 0:03:13.600 --> 0:03:16.040 then you know that to the republic for which it stands. 0:03:16.040 --> 0:03:18.120 And the difference of a democracy in a republic is 0:03:18.120 --> 0:03:22.839 that in a republic it's a representative government. And so, um, 0:03:22.880 --> 0:03:26.600 that means that we elect representatives. So if you've voted, 0:03:26.639 --> 0:03:28.519 then you know that we have representatives for each state 0:03:28.560 --> 0:03:31.079 and we send those representatives to Washington to represent us there. 0:03:31.480 --> 0:03:34.560 And so it's not democracy. Um. I'm not a big 0:03:34.600 --> 0:03:37.800 fan of democracy, which maybe takes some people by surprise, 0:03:37.880 --> 0:03:41.440 but if you understand, democracy is more like mob rule, 0:03:42.120 --> 0:03:45.400 and so the majority wins. And the problem is when 0:03:45.400 --> 0:03:48.320 the majority want more of your money, for example, that's 0:03:48.320 --> 0:03:52.520 a problem. So it becomes the tyranny of the minority. 0:03:52.720 --> 0:03:56.440 So for example, if there was like five or six 0:03:56.520 --> 0:03:59.400 of us sitting there and uh, you know, you guys 0:03:59.640 --> 0:04:02.720 that you guys made a lot of money. Uh, there's 0:04:02.760 --> 0:04:04.480 a couple of bill that made money, and we voted that. 0:04:04.520 --> 0:04:06.480 The majority of people said you know what, um, we 0:04:06.560 --> 0:04:08.280 think that you should just give us some of your money. 0:04:08.360 --> 0:04:10.240 And the you know, I'm like, wait a minute, I 0:04:10.520 --> 0:04:12.360 earned this money. I worked really hard for it. Well, 0:04:12.400 --> 0:04:14.320 we think you should just give us some and where 0:04:14.320 --> 0:04:15.880 the majority. So that's just how it goes, and so 0:04:15.920 --> 0:04:19.200 you could see really quickly how the minority can be affected. 0:04:19.240 --> 0:04:21.760 But anyway, that's a different story for a different day. 0:04:21.800 --> 0:04:25.000 Back to the democracy that we have in Canada. And 0:04:25.080 --> 0:04:27.279 so in the democracy, the people are supposed to have 0:04:27.320 --> 0:04:30.560 a voice. And one of the ways that people can 0:04:31.720 --> 0:04:37.680 use that voice, obviously there's voting. UM. However, I think 0:04:37.760 --> 0:04:39.960 we're starting to realize that voting doesn't do a whole lot. 0:04:40.160 --> 0:04:42.880 Another way that we can use our voices by assembly. 0:04:42.920 --> 0:04:45.200 In the United States, it's guaranteed to us by the 0:04:45.240 --> 0:04:48.280 First Amendment, the freedom to assemble. UM, and so we 0:04:48.320 --> 0:04:51.080 can assemble. And that's exactly what happened in Canada. UM. 0:04:51.120 --> 0:04:55.920 The truckers were assembling to show their you know, outrage, 0:04:55.960 --> 0:04:59.440 their protest, if you will, UM. And then it's what 0:04:59.560 --> 0:05:01.760 happened after that. And again, not trying to get into 0:05:01.760 --> 0:05:06.280 the political um discussion of what exactly happened in Canada. UM. 0:05:06.360 --> 0:05:07.919 And I don't even want to make a claim whether 0:05:08.040 --> 0:05:10.440 that was good or not. I think, uh, you know, 0:05:11.040 --> 0:05:13.440 what's good is bad to someone else, and bad is 0:05:13.600 --> 0:05:16.760 you know, vice versa, etcetera. But what was interesting about 0:05:16.800 --> 0:05:20.160 it is what we're seeing happen in the world right now. 0:05:20.200 --> 0:05:24.279 And remember, as I said, right, technology drives change in 0:05:24.279 --> 0:05:25.719 the world because the changes the way that we work, 0:05:25.760 --> 0:05:29.000 we organize with, communicate, etcetera. And so what's interesting is 0:05:29.000 --> 0:05:32.440 that we have bitcoin, we have cryptocurrency. UM. As I've 0:05:32.440 --> 0:05:35.960 been talking about. It's a technological revolution. It's different than 0:05:35.960 --> 0:05:39.239 a technology. A technology is a new technology, like the iPhone, 0:05:39.320 --> 0:05:41.600 and you know, the iPhone is cool and it's you know, 0:05:41.640 --> 0:05:44.400 it's it's kind of improves on the personal computer in 0:05:44.440 --> 0:05:46.480 the phone and kind of merge them together. And so 0:05:46.560 --> 0:05:48.360 that was an improvement and that was great and I 0:05:48.400 --> 0:05:52.760 like it. But a technological revolution is something that changes 0:05:52.880 --> 0:05:56.479 the course of humanity. What do I mean change the 0:05:56.520 --> 0:05:59.480 course of humanity? I mean it changed literally changes the 0:05:59.520 --> 0:06:03.720 direct And so for example, there's been five industrial revolution. 0:06:04.200 --> 0:06:07.760 Um all of humanity. People were worked in farms, and 0:06:07.760 --> 0:06:09.440 now we had cities and factories. And then we had 0:06:09.520 --> 0:06:12.080 steam engines and railways. For all of humanity, we had horses, 0:06:12.120 --> 0:06:15.600 and now we have steam engines moving stuff across railways 0:06:15.640 --> 0:06:19.120 across the continents, um, automobiles, etcetera. I'm not gonna go 0:06:19.120 --> 0:06:20.960 with thre each one, but you understand how those changed 0:06:21.000 --> 0:06:23.640 the course of humanity for all of humanity. People walked 0:06:24.000 --> 0:06:27.520 and rode horses, and then one day we had cars um, 0:06:27.560 --> 0:06:30.000 and so it's really big. And so we're witnessing one today. 0:06:30.000 --> 0:06:33.000 And this is the decentralized revolution that we're talking about. 0:06:33.000 --> 0:06:36.320 And so back to bitcoin, the decentralized revolution in Canada. 0:06:36.640 --> 0:06:39.039 So we have the we have the truckers. They're protesting. 0:06:39.080 --> 0:06:42.640 They wanted an end to the mandates. Um. I think 0:06:42.680 --> 0:06:44.159 you know, one thing you want to be careful of 0:06:44.279 --> 0:06:47.040 is that they're really trying to pin this on you know, 0:06:47.320 --> 0:06:50.440 vaccines and these are deniers and they don't want this, 0:06:50.640 --> 0:06:52.960 but it wasn't really about that. What they want is 0:06:53.000 --> 0:06:54.839 they don't want mandates. What they want is they don't 0:06:54.839 --> 0:06:57.320 want to be told what they can and can't do. 0:06:57.360 --> 0:06:59.920 What they wanted is they wanted to be able to 0:07:00.040 --> 0:07:03.880 work and provide for their family. Imagine that, you know, uh, 0:07:04.279 --> 0:07:06.919 as I study history, you can look back through just 0:07:07.040 --> 0:07:12.440 never ending um stories of basically cycles repeating from freedom 0:07:12.480 --> 0:07:14.360 and then you get oppressions. So then you get revolution, 0:07:14.400 --> 0:07:15.840 and then you get freedom, and then you get depression, 0:07:15.840 --> 0:07:18.320 you get revolution. It repeats over and over um. And 0:07:18.680 --> 0:07:21.600 what they ultimately want is they just want more freedom. 0:07:21.640 --> 0:07:23.960 They want to be left alone. But ultimately, what the 0:07:24.720 --> 0:07:27.200 if you the proverbial straw that breaks the camel back, 0:07:27.240 --> 0:07:29.360 if you will, or the spark that ignites the flame, 0:07:29.800 --> 0:07:33.720 it's always when people can't provide for their family. So 0:07:33.760 --> 0:07:35.840 it's typically around food. If we look at like the 0:07:35.840 --> 0:07:38.080 Arab spring for example, right when prices get too high, 0:07:38.120 --> 0:07:40.800 people can't eat. You know, I could go through a 0:07:40.840 --> 0:07:43.480 lot of pain, but if it's my kids, my family, 0:07:43.560 --> 0:07:45.520 then it's it's a different story. So you know, back 0:07:45.560 --> 0:07:47.360 to these truckers not able to provide for their family. 0:07:47.400 --> 0:07:52.080 But what what happened was is they were protesting and 0:07:52.080 --> 0:07:54.440 then they raised go fund Me. I've talked about this extensively. 0:07:54.600 --> 0:07:57.320 The go fund me account was frozen um. And then 0:07:57.360 --> 0:08:00.240 there was money given through gives Them Go. That money 0:08:00.280 --> 0:08:04.920 was frozen, and then anybody who donated to those campaigns 0:08:04.960 --> 0:08:09.160 also got their accounts frozen. Literally they were unbanked. They 0:08:09.160 --> 0:08:14.120 were banked and now they're unbanked um. And so then 0:08:14.160 --> 0:08:17.760 what comes next, Well, how can we get the money 0:08:17.800 --> 0:08:21.480 that the government's can't freeze? Can't stop. And of course, 0:08:21.720 --> 0:08:26.160 inter stage right, if you will, enter bitcoin, and bitcoin 0:08:26.240 --> 0:08:30.120 popped up and showed that this is a way to 0:08:30.400 --> 0:08:34.720 send value, saying that as even money makes bitcoin sound 0:08:34.720 --> 0:08:37.559 too small as a way to send value, to transfer 0:08:37.760 --> 0:08:40.880 value to somebody in a way that the government couldn't stop. Now, 0:08:40.920 --> 0:08:45.079 if that wasn't interesting enough, now we have the world 0:08:45.120 --> 0:08:48.920 watching for what's happening in the Ukraine and Russia, and 0:08:48.960 --> 0:08:51.679 so we have a war, not a world war at 0:08:51.679 --> 0:08:54.679 this point, but a war. And we are seeing that 0:08:54.800 --> 0:08:58.439 now Bitcoin and cryptocurrencies in this decentralized revolution is taking 0:08:58.760 --> 0:09:00.960 center stage. There's a lot to dig into. I want 0:09:00.960 --> 0:09:02.439 to talk about that. I want to talk about how 0:09:02.559 --> 0:09:04.880 finance is being weaponized. I want to talk about how 0:09:04.880 --> 0:09:08.040 that's forcing people to build parallel structures. I want to 0:09:08.080 --> 0:09:11.840 talk about how this affects individual people and not just nations, 0:09:12.200 --> 0:09:15.480 and so much more. You're listening to the Mark Moa 0:09:15.600 --> 0:09:18.640 show talking about the intersection of politics, finance, and technology. 0:09:18.679 --> 0:09:22.120 We're talking about bitcoin and the decentralized revolution. We're talking 0:09:22.160 --> 0:09:24.319 about how what's going on in the world today is 0:09:24.400 --> 0:09:26.480 really pushing this into the world stage. And you need 0:09:26.559 --> 0:09:29.640 to understand this. So do not go away. I'm gonna 0:09:29.679 --> 0:09:31.760 be right back with more in just a second. Everyone, 0:09:31.800 --> 0:09:33.880 welcome back. You are listening to the Mark Ma Show 0:09:33.960 --> 0:09:36.719 and we are talking about what's going on in the 0:09:36.720 --> 0:09:39.280 world today, and I'm trying to bring some context to 0:09:39.320 --> 0:09:41.600 you so you can understand it, and not just understand 0:09:41.600 --> 0:09:43.880 it just so you understand it, but so you can 0:09:43.960 --> 0:09:46.160 understand it so you can navigate it properly. Of course, 0:09:46.160 --> 0:09:49.440 we're talking about bitcoin, the decentralized revolution. We are talking 0:09:49.440 --> 0:09:53.240 about the intersection of politics, finance, and technology. As I 0:09:53.280 --> 0:09:54.960 was making the case before we went on the break, 0:09:55.120 --> 0:09:59.120 that it's technology that is the driving force of change 0:09:59.120 --> 0:10:01.000 in the world that you is the way we communicate, change, 0:10:01.000 --> 0:10:03.040 the way that we interact, change the way that we organize. 0:10:04.120 --> 0:10:08.800 And politics maybe don't like it because it disrupts their 0:10:09.040 --> 0:10:12.280 old ways, their old monopoly and it just creates new ways, 0:10:13.040 --> 0:10:15.760 and it's something to be mad about. It's not about uh, 0:10:15.920 --> 0:10:18.800 it shouldn't be politicized as far as left or right 0:10:18.920 --> 0:10:21.160 or red or blue or whatever you want to call it. 0:10:21.160 --> 0:10:24.320 It's just this technology. So for example, if I wanted 0:10:24.320 --> 0:10:25.880 to listen to Beethoven in the past, I had to 0:10:25.880 --> 0:10:28.200 have a hundred person orchestra, and then it went on 0:10:28.240 --> 0:10:30.040 to a record, and then it went onto a CD. 0:10:30.160 --> 0:10:31.960 And today I just stream it from my phone. And 0:10:32.240 --> 0:10:35.440 it wasn't anything against the orchestra. I mean, those guys 0:10:35.440 --> 0:10:38.280 are great playing those instruments, and I like people playing instruments. 0:10:38.320 --> 0:10:40.880 I play instruments and people should. But today we just 0:10:40.880 --> 0:10:44.040 stream music. And uh. We used to take pictures, and 0:10:44.040 --> 0:10:46.680 we used to have film. I remember having out by 0:10:46.720 --> 0:10:48.599 disposal cameras. We go out for the weekend, take a 0:10:48.640 --> 0:10:51.319 bunch of pictures, I go drop them off, get them developed. Um, 0:10:51.360 --> 0:10:53.840 we had books and books and books of developed photos everywhere, 0:10:53.920 --> 0:10:56.199 mostly in boxes, never never to be looked at again. 0:10:56.760 --> 0:10:59.160 And now we just take digital pictures. And there's nothing 0:10:59.160 --> 0:11:01.920 against code AC or film or pictures. It's just that's 0:11:01.920 --> 0:11:03.920 the way it is. And so today money is being 0:11:03.920 --> 0:11:07.400 digitized and it's not you know, some sides of the 0:11:07.440 --> 0:11:11.120 political ideology don't like it, but it's not anything against them. 0:11:11.120 --> 0:11:13.439 It's just we're just softwares heating the world. That's just 0:11:13.440 --> 0:11:14.599 the way it works. So let's talk about this a 0:11:14.600 --> 0:11:17.800 little bit so so you can understand it. So what 0:11:17.960 --> 0:11:20.360 we obviously we have the rush of Ukraine situation going on. 0:11:20.480 --> 0:11:22.440 That's no surprise unless you've been living under a rock. 0:11:22.520 --> 0:11:24.200 But if you listen to me, then I'm sure you're 0:11:24.200 --> 0:11:26.440 not living under rock. Um. So we have that situation 0:11:26.480 --> 0:11:28.800 going on, and what's interesting is, of course, you know, 0:11:28.880 --> 0:11:31.760 the world condemns it rightfully, So I'm not I'm definitely 0:11:31.760 --> 0:11:34.920 not for that. I'm not for violence of any kind. Um. 0:11:34.960 --> 0:11:37.719 I hate to see violence, oppression, or murder. So I'm 0:11:37.720 --> 0:11:39.920 definitely not trying to speak out for it in any way. 0:11:40.640 --> 0:11:42.880 But what's interesting about it is that the world has, 0:11:43.040 --> 0:11:44.880 like I said, come out and condemned it. And what 0:11:44.960 --> 0:11:49.560 they've really done is they've moved into sanctions. Right. So sanctions, 0:11:49.559 --> 0:11:52.400 so this is where politics and finance come together. And 0:11:52.440 --> 0:11:55.319 so sanctions are a way that they could basically, um, 0:11:55.360 --> 0:11:57.160 you know, try to de escalate the situation or try 0:11:57.200 --> 0:11:59.520 to control the situation without going to war, which is good. 0:11:59.600 --> 0:12:02.160 You know, I prefer to be done diplomatically then going 0:12:02.160 --> 0:12:05.719 to war for sure. Um. And so these sanctions are 0:12:05.720 --> 0:12:08.680 ways where they can, like I said, force people to 0:12:08.720 --> 0:12:11.360 two things. By it's kind of the carrot or the stick, 0:12:11.440 --> 0:12:13.120 if you will. Right, So you have the carrot, which 0:12:13.160 --> 0:12:16.440 is um trying to entice people to do something. And 0:12:16.480 --> 0:12:19.559 the stick is obviously punishment. As humans were very we're 0:12:19.600 --> 0:12:22.240 very simple creatures. Um, if you're if you're in business, 0:12:22.320 --> 0:12:24.280 or if you have studied any type of marketing, then 0:12:24.280 --> 0:12:26.760 you probably know this. But as humans were very basic, 0:12:26.760 --> 0:12:29.880 we're motivated by only two things. And now that you 0:12:29.920 --> 0:12:31.600 know these things, you'll start to notice that as you 0:12:31.640 --> 0:12:33.960 watch like marketing messages. But we're only only motivated by 0:12:34.000 --> 0:12:37.200 two things. One humans we want to we're motivated to 0:12:37.480 --> 0:12:41.240 move towards pleasure. We want things that bring us pleasure. Oh, 0:12:41.280 --> 0:12:43.360 you're gonna look so good. Oh, people are gonna love 0:12:43.360 --> 0:12:45.320 you so much, or you're gonna feel so great. Right, 0:12:45.360 --> 0:12:49.320 that's marketing. And then we're also motivated to move away 0:12:49.920 --> 0:12:53.800 from pain. Um, don't let this happen to you. Watch 0:12:53.800 --> 0:12:55.840 out for this, right. So that's that's the carrot and 0:12:55.840 --> 0:12:58.080 the stick, if you will. And so back to the 0:12:58.120 --> 0:13:00.880 sanctions and so, um, the world has been basically sanctioning 0:13:01.040 --> 0:13:04.760 Russia and the United States, which has the dollar, which 0:13:05.000 --> 0:13:08.240 is the reserve currency of the world, and it controls 0:13:08.320 --> 0:13:10.679 what's known as the swift banking system. And if you've 0:13:10.720 --> 0:13:12.800 ever sent a bank wire before, then you know what 0:13:12.920 --> 0:13:16.040 Swift is. It's the it's the messaging system that sends 0:13:16.080 --> 0:13:20.520 these payments around the world. I think it sends like uh, 0:13:20.559 --> 0:13:21.760 I looked it up the other day. It was like 0:13:21.760 --> 0:13:25.920 fifty billion financial messages a day or something like or 0:13:25.960 --> 0:13:28.560 something like that a lot. And so the money moves 0:13:28.559 --> 0:13:31.040 around through the Swift system. And so what the United 0:13:31.040 --> 0:13:33.240 States can do is they can just say, hey, we'll 0:13:33.400 --> 0:13:38.120 just take away your ability to transfer money. Easy enough, right, 0:13:38.679 --> 0:13:40.960 But the problem is it's it's it's never that easy, 0:13:41.440 --> 0:13:44.360 and it's actually it's actually a very messy problem, and 0:13:44.400 --> 0:13:50.000 it has unintended consequences. Everything in a complex system will 0:13:50.080 --> 0:13:54.720 always have unintended consequences. So complex system like your body, 0:13:54.760 --> 0:13:58.760 for example, your body is very complex and everything hangs 0:13:58.760 --> 0:14:02.200 on a razor then marge in and so unfortunately, what 0:14:02.280 --> 0:14:04.520 most doctors do today is, uh, they you come in 0:14:04.559 --> 0:14:06.200 and say you have heartburn, and they give you a 0:14:06.280 --> 0:14:10.520 prescription for heartburn medication. But they could tell you to 0:14:10.640 --> 0:14:13.400 change your diet and eat eat more vegetables and have 0:14:13.480 --> 0:14:15.800 more alkaline in your body. But instead they'll give you 0:14:15.840 --> 0:14:19.360 a prescription. The problem is that that prescription now has 0:14:19.480 --> 0:14:21.960 unintended consequences. So of course, if you've watched any type 0:14:21.960 --> 0:14:24.120 of pharmaceutical add on TV, at the end they go 0:14:24.200 --> 0:14:27.520 through all the side effects that it could potentially have, right, um, 0:14:27.560 --> 0:14:30.880 and those are unintended consequences. The famous story is the 0:14:31.160 --> 0:14:35.880 is the cobra effect. The cobra effect is interesting. Um, 0:14:35.920 --> 0:14:38.040 it's basically a story. I'll give you the brief version 0:14:38.080 --> 0:14:40.960 from India. And in India they have cobra's right, cobra 0:14:41.000 --> 0:14:43.800 snakes and and those are I've never come face to 0:14:43.840 --> 0:14:46.280 face with unluckily, but they're not a very friendly stake. 0:14:46.280 --> 0:14:48.840 They're they're a very deadly snake. And so they had 0:14:48.920 --> 0:14:50.360 they had a problem. There was too many of these 0:14:50.360 --> 0:14:53.280 cobras running around, and so the government had a bright idea. 0:14:53.880 --> 0:14:55.720 Government always has a bright idea. They just don't think 0:14:55.720 --> 0:15:00.440 about the unintended consequences. Ah. I'm not a big fan 0:15:00.760 --> 0:15:04.000 of government intervention, if you might notice. I think free 0:15:04.000 --> 0:15:05.600 markets will figure this out. So let's talk about this 0:15:05.600 --> 0:15:08.480 the cobra effect and understand the consequences. So basically, uh, 0:15:08.520 --> 0:15:10.400 India says, hey, we have a big problem. We should 0:15:10.400 --> 0:15:14.200 do something. Right. Here's what we'll do. We're gonna pay 0:15:14.280 --> 0:15:16.880 people to go get a cobra. If they kill it 0:15:17.200 --> 0:15:19.320 and bring the cobra in, we'll pay them, you know 0:15:19.400 --> 0:15:21.680 for that. And that way we'll you know, would let 0:15:21.680 --> 0:15:23.040 everybody go kill all the cobras. We don't have to 0:15:23.040 --> 0:15:24.520 worry about anymore. I'll pay it a little bit of money. 0:15:24.520 --> 0:15:28.040 Everything's good, right, Well not necessarily. So what happens is 0:15:28.080 --> 0:15:30.520 everybody starts going and getting the cobras and bringing them in, 0:15:30.520 --> 0:15:32.520 and they starting to make a lot of money. And then, 0:15:32.680 --> 0:15:34.800 you know, people are smart and they're like, I got 0:15:34.840 --> 0:15:37.480 a better idea. Let's just raise cobras. Now, we can 0:15:37.520 --> 0:15:40.640 bring twenty fifty hundreds of cobras at a time. And 0:15:40.680 --> 0:15:45.560 they did so. Now everybody's raising cobras and they're bringing 0:15:45.600 --> 0:15:48.880 them in and getting getting paid. And the government finally said, 0:15:48.880 --> 0:15:52.400 wait a minute, wait a minute, this is ridiculous, like no, no, now, 0:15:52.480 --> 0:15:54.640 you guys are just raising them this defeat while purpose. 0:15:54.720 --> 0:15:57.680 Let's end the program. So they canceled the program. And 0:15:57.720 --> 0:16:00.000 when they canceled the program, what happened, Well, all those 0:16:00.040 --> 0:16:02.400 people that were raising cobras, that will they're worthless to 0:16:02.440 --> 0:16:05.800 us now and they just let them all go, and 0:16:05.880 --> 0:16:08.280 India ended up with more cobras than they had at 0:16:08.320 --> 0:16:11.640 the beginning. That's unintended consequences, and that's exactly what's happening 0:16:11.640 --> 0:16:14.320 with these Russian sanctions. Back to the story. So the 0:16:14.400 --> 0:16:17.640 Russian sanctions, so, um, they shouldn't be able to transact, 0:16:17.680 --> 0:16:19.680 they shouldn't be able to buy things, they shouldn't be 0:16:19.720 --> 0:16:21.560 able to do all these things. And a couple of 0:16:21.600 --> 0:16:23.360 couple of things to note before we really dig into 0:16:23.400 --> 0:16:25.880 the meat of this and how Bitcoin of the decentralized 0:16:25.880 --> 0:16:28.160 Revolution is really taken off because of this. A couple 0:16:28.160 --> 0:16:30.480 of things is that what you may not know is 0:16:30.520 --> 0:16:35.200 that the world is very dependent on each other, al right, 0:16:35.400 --> 0:16:37.880 not just Russia and the US, but everybody is depending 0:16:37.920 --> 0:16:41.440 on each other. So for example, um, the United States 0:16:41.640 --> 0:16:46.880 is heavily dependent on energy, um oil from Russia. Europe 0:16:47.640 --> 0:16:51.000 is very very heavily dependent on energy from Russia, both 0:16:51.000 --> 0:16:56.560 oil and natural gas. So already you know, the Biden 0:16:56.560 --> 0:17:00.560 administration said, well, we're gonna sanction Russia, but we're not 0:17:00.600 --> 0:17:04.280 gonna sanction energy. Okay, well, what good does that do 0:17:04.400 --> 0:17:07.880 because their main export is energy, So you're gonna you're 0:17:07.880 --> 0:17:10.560 gonna sanction but not their energy. But that's that's what 0:17:10.600 --> 0:17:13.600 they have, so right, off the bat. Sanctions aren't very 0:17:13.640 --> 0:17:15.800 effective because we're not going to do that. But then 0:17:15.840 --> 0:17:18.160 it goes even further. Right, So let's say, for example, 0:17:18.160 --> 0:17:20.960 what Biden did announce is that what we're going to 0:17:21.000 --> 0:17:23.720 do is we're going to sanction UM their technology. That's 0:17:23.720 --> 0:17:25.720 what we'll do. We'll we'll we'll prevent them from getting 0:17:25.760 --> 0:17:28.040 to technology. It's gonna hold them back. That's gonna be 0:17:28.040 --> 0:17:29.440 a big problem. So we're gonna cut them off from 0:17:29.440 --> 0:17:33.639 microchips UM and Taiwan says, yes, we stand with Ukraine 0:17:33.680 --> 0:17:36.760 will also cut them off from microchips. The problem is 0:17:36.760 --> 0:17:39.160 is that we need the elements that come from China 0:17:39.359 --> 0:17:42.479 from Russia to make them. Anyway, I'm gonna dig more 0:17:42.520 --> 0:17:44.840 into that story. I want to tell you the unintended 0:17:44.880 --> 0:17:48.399 consequence of now that Russia has been sanctioned, the new 0:17:48.560 --> 0:17:51.960 parallel market that's opening up with cryptocurrency. This is fascinating 0:17:51.960 --> 0:17:53.720 a lot of stuff to talk about, talk about this 0:17:53.800 --> 0:17:56.439 weaponization of finance, and I want to talk to you 0:17:56.440 --> 0:17:59.200 about how the origin of this whole Russia situation came 0:17:59.240 --> 0:18:01.840 into play. A lot to cover. I'm gonna try and 0:18:01.880 --> 0:18:03.960 getrough it pretty quickly. You're listening to the Mark Moss Show, 0:18:04.040 --> 0:18:08.040 talking about Bitcoin, the decentralized revolution, the intersection of these subjects. 0:18:08.440 --> 0:18:09.800 Like I said, I got a lot more to go over, 0:18:09.880 --> 0:18:12.040 so don't go away. I'll be right back. All right, 0:18:12.040 --> 0:18:13.960 Welcome back. You are listening to the Mark Moa Show, 0:18:13.960 --> 0:18:17.520 and we are talking about bitcoin, the decentralized Revolution, and 0:18:17.520 --> 0:18:21.520 we're talking about how it's changing the world, um through politics, 0:18:21.840 --> 0:18:25.040 finance and technology together really the three of those things 0:18:25.119 --> 0:18:27.920 merging at the same time. I've talked a lot about 0:18:27.960 --> 0:18:32.880 the thesis there's three revolutionary cycles, a two fifty year 0:18:33.040 --> 0:18:37.200 political cycle, h fifty year technological revolution cycle, and an 0:18:37.240 --> 0:18:40.200 eighty year financial revolution cycle. That are all three converging 0:18:40.280 --> 0:18:43.280 right now. And that's why the world seems like it's 0:18:43.280 --> 0:18:45.560 going so crazy. You've gotta understand these things. And of 0:18:45.640 --> 0:18:47.840 course we're talking about that right now. Specifically, we're talking 0:18:47.880 --> 0:18:51.560 about what happened in Canada and the and the sanctions 0:18:51.600 --> 0:18:54.280 where um anybody that donated to the Canadians or the 0:18:54.280 --> 0:18:56.200 Canadians were involved, about the bank accounts frozen. And we're 0:18:56.200 --> 0:18:59.639 talking about Russia and obviously they're taking over Ukraine or 0:19:00.000 --> 0:19:02.719 are right invading Ukraine. We'll call it that, UM and 0:19:02.760 --> 0:19:05.960 how now there's all these sanctions imposed against them, and 0:19:07.000 --> 0:19:08.920 you know, so what's happening is is now they said 0:19:08.920 --> 0:19:11.399 they want to UM sanction them. Now a couple of 0:19:11.400 --> 0:19:13.520 a couple of things to talk about here, well sorry, 0:19:13.600 --> 0:19:14.760 not a couple of things. I got a lot of 0:19:14.760 --> 0:19:18.280 things talk about, but UM specifically. The first thing that's 0:19:18.320 --> 0:19:20.679 interesting to understand is you saw in Canada front and 0:19:20.720 --> 0:19:24.600 center that UM the go fund me, the gifts and 0:19:24.680 --> 0:19:26.879 go anybody who donated to those things, anybody that was 0:19:26.920 --> 0:19:30.720 involved in those things got their bank accounts frozen and 0:19:30.960 --> 0:19:34.639 even shut down. And so what that what that showed 0:19:34.640 --> 0:19:36.680 to the world is that your money in your bank 0:19:37.400 --> 0:19:41.600