1 00:00:00,000 --> 00:00:02,080 Speaker 1: Hello, and welcome to another episode of The Mark Moss 2 00:00:02,120 --> 00:00:05,040 Speaker 1: Show where we talk about the decentralized Revolution. Of course, 3 00:00:05,080 --> 00:00:06,840 Speaker 1: I try to bring to you, you know, some big 4 00:00:06,880 --> 00:00:09,360 Speaker 1: ideas to help you kind of think through things a 5 00:00:09,400 --> 00:00:11,360 Speaker 1: little bit differently, so you can understand what's going on 6 00:00:11,400 --> 00:00:14,440 Speaker 1: in the world today. Some of the latest breaking news 7 00:00:14,520 --> 00:00:17,439 Speaker 1: headlines so you see what's happening in real time, and 8 00:00:17,440 --> 00:00:19,560 Speaker 1: of course some very interesting guests, and we have all 9 00:00:19,560 --> 00:00:21,520 Speaker 1: of that going on and right now I have some 10 00:00:21,560 --> 00:00:24,800 Speaker 1: of the biggest headlines of the week. Now. If you're 11 00:00:24,800 --> 00:00:27,160 Speaker 1: watching this instead of just listening, you can listen on 12 00:00:27,200 --> 00:00:29,200 Speaker 1: the radio. Of course, you can catch it on the 13 00:00:29,200 --> 00:00:32,400 Speaker 1: podcast your favorite podcast player just search Mark Moss Show. 14 00:00:32,760 --> 00:00:37,479 Speaker 1: You can also watch this on the Market Disruptors YouTube channel. Uh. 15 00:00:37,560 --> 00:00:39,920 Speaker 1: You might notice I'm wearing this sweatshirt with the skull 16 00:00:39,920 --> 00:00:45,080 Speaker 1: and crossbones and it's from a soccer team, a football 17 00:00:45,120 --> 00:00:49,640 Speaker 1: team out of London, um, the real Bedford. My friend 18 00:00:49,640 --> 00:00:52,880 Speaker 1: Peter McCormick bought the team and he's trying to trying 19 00:00:52,880 --> 00:00:54,640 Speaker 1: to make a run in the in the football league 20 00:00:54,640 --> 00:00:56,800 Speaker 1: over there, So anyway supporting him. If you're wondering what 21 00:00:56,840 --> 00:00:59,280 Speaker 1: the sweatshirt is, shout out to Peter and the real 22 00:00:59,320 --> 00:01:02,160 Speaker 1: Bedford over there. Good luck to you. But anyway, back 23 00:01:02,160 --> 00:01:04,400 Speaker 1: to some of the biggest breaking news, and of course, 24 00:01:04,720 --> 00:01:08,559 Speaker 1: you know in this cryptocurrency space, you know, bitcoin space, 25 00:01:08,640 --> 00:01:10,680 Speaker 1: financial space, whatever you want to call it, some of 26 00:01:10,720 --> 00:01:13,520 Speaker 1: the biggest news going around the world, and and all 27 00:01:13,560 --> 00:01:16,840 Speaker 1: of finance, mainstream, etcetera. Is of course, you know, the 28 00:01:16,880 --> 00:01:19,600 Speaker 1: collapse of cryptocurrency and bitcoin. It started with you know, 29 00:01:19,680 --> 00:01:22,959 Speaker 1: Celsius or really Terra Luna and Celsius and theos Capital 30 00:01:22,959 --> 00:01:25,360 Speaker 1: all the way now of course to sam bankmin Freed 31 00:01:25,720 --> 00:01:29,560 Speaker 1: and f t X and that saga. Man. Just like 32 00:01:29,600 --> 00:01:31,360 Speaker 1: when it seems like it couldn't go any deeper, it 33 00:01:31,480 --> 00:01:34,520 Speaker 1: just continues to get deeper. But you know, I've been 34 00:01:34,600 --> 00:01:35,920 Speaker 1: keeping you up on a couple of these things because 35 00:01:35,959 --> 00:01:39,320 Speaker 1: it's imortant. Understand if you're affected by this, and even 36 00:01:39,319 --> 00:01:43,400 Speaker 1: if you're not infected, affected and not infected affected, there's 37 00:01:43,400 --> 00:01:47,000 Speaker 1: still a lesson to learn. Now. I just did video 38 00:01:47,120 --> 00:01:51,800 Speaker 1: on my YouTube channel, Mark Moss YouTube channel talking about 39 00:01:51,840 --> 00:01:55,400 Speaker 1: the money in your bank is at risk, it's not 40 00:01:55,520 --> 00:01:58,440 Speaker 1: protected like you think it is, and um, what's happening 41 00:01:58,440 --> 00:02:01,600 Speaker 1: in the cryptocurrency space. He helps us to understand it. 42 00:02:02,080 --> 00:02:04,120 Speaker 1: What's happening in the cryptocurrency space. What happened with f 43 00:02:04,240 --> 00:02:08,200 Speaker 1: t X and Celsius is a small little microcosm that's 44 00:02:08,200 --> 00:02:10,080 Speaker 1: easy for us to kind of get our head around understand, 45 00:02:10,240 --> 00:02:11,760 Speaker 1: and it helps us to understand what's going on in 46 00:02:11,760 --> 00:02:14,360 Speaker 1: the bigger world. Uh. In a video I did talking 47 00:02:14,400 --> 00:02:16,399 Speaker 1: about the ft X and how they use this fake 48 00:02:16,440 --> 00:02:18,760 Speaker 1: token f t T and kind of create this fake value. 49 00:02:19,080 --> 00:02:21,080 Speaker 1: And I explain now that you understand that it's very 50 00:02:21,080 --> 00:02:24,400 Speaker 1: easy to understand that way. Now they understand that it's 51 00:02:24,440 --> 00:02:31,320 Speaker 1: exactly how Japan is with their Japanese yen token, and 52 00:02:31,360 --> 00:02:34,359 Speaker 1: it's even what's gonna happen in the United States and 53 00:02:34,400 --> 00:02:36,600 Speaker 1: the FED with the dollar token. And so when you 54 00:02:36,680 --> 00:02:38,919 Speaker 1: understand that little level, it starts to help you understand 55 00:02:38,919 --> 00:02:40,880 Speaker 1: what's having on a bigger level. Am Uh. This video 56 00:02:40,880 --> 00:02:43,840 Speaker 1: I made about the money in your bank not being safe, um, 57 00:02:43,880 --> 00:02:45,960 Speaker 1: and even if you have fd C interns helps you 58 00:02:46,040 --> 00:02:48,119 Speaker 1: understand if you can understand this first. So a couple 59 00:02:48,120 --> 00:02:49,480 Speaker 1: of things I want to talk about in regards to 60 00:02:49,520 --> 00:02:53,840 Speaker 1: that is the former Celsius CEO Mashinsky was sued by 61 00:02:53,880 --> 00:02:56,800 Speaker 1: New York State for de Friday and investors. The State 62 00:02:57,040 --> 00:03:01,680 Speaker 1: of New York General Attorney General Tedia James accused him 63 00:03:01,680 --> 00:03:04,320 Speaker 1: of misleading investors because he kept going on and on 64 00:03:04,360 --> 00:03:06,720 Speaker 1: and on even up to the very end, about how 65 00:03:06,720 --> 00:03:09,280 Speaker 1: safe it was, and however one should give him his money, 66 00:03:09,720 --> 00:03:12,720 Speaker 1: and he was defrauding hundreds of thousands of investors by 67 00:03:12,840 --> 00:03:16,480 Speaker 1: making these false statements encouraging to keep money coming in 68 00:03:17,560 --> 00:03:20,720 Speaker 1: UM promising and financial freedom, and instead lead him to 69 00:03:20,800 --> 00:03:24,400 Speaker 1: financial ruin. Anyway, good luck with that. You don't get 70 00:03:24,400 --> 00:03:26,040 Speaker 1: blood out of a turnip. And I don't know, they'll 71 00:03:26,040 --> 00:03:27,920 Speaker 1: sue him and they'll win, but how much money they 72 00:03:27,919 --> 00:03:29,400 Speaker 1: gonna get. But more importantly, what I want to talk 73 00:03:29,400 --> 00:03:32,920 Speaker 1: about is UM a bankruptcy judge. So Celsius assets are 74 00:03:32,919 --> 00:03:36,240 Speaker 1: in bankruptcy, and a bankruptcy judge just ruled this week 75 00:03:36,880 --> 00:03:41,360 Speaker 1: that UM customers that had money into the earned products, 76 00:03:41,360 --> 00:03:43,520 Speaker 1: so you could park your cryptocurrency there and earn yield 77 00:03:43,560 --> 00:03:45,920 Speaker 1: on it, or you could borrow against it. And the 78 00:03:46,120 --> 00:03:48,680 Speaker 1: and and the users that had money there went to 79 00:03:48,680 --> 00:03:52,040 Speaker 1: the bankruptcy court and file the petition and they said, hey, UM, 80 00:03:52,080 --> 00:03:54,440 Speaker 1: that is our money, it's not their money, right, and 81 00:03:54,440 --> 00:03:57,160 Speaker 1: so that should not be held up in this bankruptcy, 82 00:03:57,160 --> 00:03:59,560 Speaker 1: they need to release that to us, and and the 83 00:03:59,600 --> 00:04:02,960 Speaker 1: bankrupt judge said no, they said the platform customers do 84 00:04:03,080 --> 00:04:07,680 Speaker 1: not own their assets. The judge, Martin Glenn, said that 85 00:04:07,720 --> 00:04:10,720 Speaker 1: celsius terms of condition in terms of service made it 86 00:04:10,760 --> 00:04:13,720 Speaker 1: clear it took possession of crypto assets deposited into its 87 00:04:13,720 --> 00:04:18,440 Speaker 1: earned product and that allows Celsius to retain control over 88 00:04:18,480 --> 00:04:21,240 Speaker 1: the assets in its earn account and will have ramifications 89 00:04:21,320 --> 00:04:26,440 Speaker 1: for other cryptocurrency investors using similar products across other platforms. 90 00:04:26,760 --> 00:04:29,040 Speaker 1: And so if you had money on Voyage or Block 91 00:04:29,120 --> 00:04:32,200 Speaker 1: five or f t X, this matters to you. And 92 00:04:32,240 --> 00:04:33,880 Speaker 1: it also matters if you have money in a bank, 93 00:04:34,480 --> 00:04:36,360 Speaker 1: all right, because what happens is is what they're saying 94 00:04:36,400 --> 00:04:39,120 Speaker 1: is it's the issue of ownership. It's the issue of 95 00:04:39,160 --> 00:04:42,400 Speaker 1: ownership and its contract law. That's what happens is when 96 00:04:42,440 --> 00:04:46,520 Speaker 1: you gave that to Celsius, that is no longer your money, 97 00:04:46,560 --> 00:04:48,039 Speaker 1: or you gave it to block Fire, you gave it 98 00:04:48,080 --> 00:04:52,080 Speaker 1: to whatever, it was no longer your money. So that's 99 00:04:52,080 --> 00:04:54,240 Speaker 1: why the bankruptcy judge said, no, you don't get that 100 00:04:54,279 --> 00:04:57,000 Speaker 1: back now. If you had money sitting in a wallet there, 101 00:04:57,320 --> 00:05:00,159 Speaker 1: it was not in an earn account or in a 102 00:05:00,200 --> 00:05:03,400 Speaker 1: borrow account. If it was in a wallet, that's something different. 103 00:05:04,040 --> 00:05:07,360 Speaker 1: Potentially they're saying that they're still going to give that back. Generally, 104 00:05:07,600 --> 00:05:11,960 Speaker 1: wallet funds are treated as belonging to the users. But 105 00:05:12,080 --> 00:05:13,719 Speaker 1: what does this have to do with block Fi and 106 00:05:13,839 --> 00:05:16,960 Speaker 1: ft X and even Wells Fargo or JP Morgan. Well, technically, 107 00:05:17,000 --> 00:05:19,480 Speaker 1: with your bank, when you give them that money, it's 108 00:05:19,560 --> 00:05:23,359 Speaker 1: not your money anymore. They owe it to you. And 109 00:05:23,400 --> 00:05:25,680 Speaker 1: the reason why that's important is back to contract law. 110 00:05:26,520 --> 00:05:29,400 Speaker 1: So in a bankruptcy event, in an insolvency event, if 111 00:05:29,440 --> 00:05:32,520 Speaker 1: your bank goes bankrupt like Celsius or like f t 112 00:05:32,760 --> 00:05:36,960 Speaker 1: X did, then the assets of the bank or coin 113 00:05:37,000 --> 00:05:39,800 Speaker 1: based or Celsius or block fire, whatever go into receivership. 114 00:05:39,839 --> 00:05:42,599 Speaker 1: They go into bankruptcy. And in the bankruptcy and the 115 00:05:42,640 --> 00:05:45,760 Speaker 1: receivership they try to figure out, okay, well, who's old one, 116 00:05:45,800 --> 00:05:46,960 Speaker 1: and how much money do we have, and how do 117 00:05:47,000 --> 00:05:50,320 Speaker 1: we divv you depp, and who gets the money first? 118 00:05:50,400 --> 00:05:55,839 Speaker 1: And who gets the money last? And the unsecured creditors 119 00:05:55,880 --> 00:05:57,800 Speaker 1: get money last, which is why I know bank will 120 00:05:57,839 --> 00:06:02,599 Speaker 1: give you an unsecured loan right, And so when you 121 00:06:02,680 --> 00:06:05,159 Speaker 1: give your money to the bank, it's not your money. 122 00:06:05,200 --> 00:06:08,120 Speaker 1: You don't own it anymore. They owe it to you, 123 00:06:08,200 --> 00:06:11,719 Speaker 1: and you're an unsecured creditor, which means you will get 124 00:06:11,760 --> 00:06:16,159 Speaker 1: your money last, which is exactly what happened here. They're saying, Hey, nope, 125 00:06:16,440 --> 00:06:18,960 Speaker 1: you don't have the money. You gave it to the company. 126 00:06:19,320 --> 00:06:21,680 Speaker 1: And so unfortunately, if you're in one of those accounts 127 00:06:21,720 --> 00:06:25,080 Speaker 1: with Block five or f t X or whatever, you're 128 00:06:25,120 --> 00:06:27,960 Speaker 1: probably in the same boat. If it's in a wallet, 129 00:06:28,080 --> 00:06:29,840 Speaker 1: you might be better off. But like I said, even 130 00:06:29,920 --> 00:06:31,920 Speaker 1: if it's in a traditional bank, you have that. Now, Mark, 131 00:06:31,960 --> 00:06:34,760 Speaker 1: what about f D? I see what about fd? I see? Well, 132 00:06:34,760 --> 00:06:36,120 Speaker 1: if you'd like to find out my thoughts on that, 133 00:06:36,160 --> 00:06:38,240 Speaker 1: go check out all my main YouTube channel. Just search 134 00:06:38,279 --> 00:06:40,479 Speaker 1: Mark Moss and you'll find out what I have to 135 00:06:40,480 --> 00:06:43,880 Speaker 1: say about f D. I see now onto f t X. 136 00:06:44,200 --> 00:06:47,640 Speaker 1: Before Sam bankman Fried got arrested. Finally, Um, he's got 137 00:06:47,680 --> 00:06:51,000 Speaker 1: a tough road head. And he went and declared not guilty, 138 00:06:51,080 --> 00:06:54,200 Speaker 1: which is pretty amazing. It doesn't rule out the possibility 139 00:06:54,200 --> 00:06:56,800 Speaker 1: that probably what he's doing is maybe trying to negotiate 140 00:06:56,839 --> 00:06:58,520 Speaker 1: a deal, some sort of a guilty plea deal. So 141 00:06:58,520 --> 00:07:00,680 Speaker 1: he said not guilty and in the state will come 142 00:07:00,680 --> 00:07:02,320 Speaker 1: back and maybe they could try to kind of make 143 00:07:02,360 --> 00:07:07,480 Speaker 1: some deal. But the other people you know about, Caroline Ellison, 144 00:07:07,480 --> 00:07:10,080 Speaker 1: who was the CEO of Alameda, the sister company, and 145 00:07:10,240 --> 00:07:13,000 Speaker 1: f t X co founder Gary Wayne have already entered 146 00:07:13,000 --> 00:07:17,160 Speaker 1: guilty please, and they have entered guilty pleas to cooperate 147 00:07:17,360 --> 00:07:20,000 Speaker 1: against Sam Bankman Freeze. It doesn't look really good. I'm 148 00:07:20,000 --> 00:07:22,440 Speaker 1: not exactly sure what's going on. But more importantly, what 149 00:07:22,480 --> 00:07:25,320 Speaker 1: I'm interested in is, of course all of this fraud 150 00:07:25,360 --> 00:07:28,720 Speaker 1: that's going on specifically in the political realm. And what 151 00:07:28,800 --> 00:07:31,080 Speaker 1: we know is that Sam bankman Fried kind of started 152 00:07:31,120 --> 00:07:33,880 Speaker 1: f t X to give all this money to the 153 00:07:33,880 --> 00:07:37,400 Speaker 1: Democratic Party and it became this massive contributor to the 154 00:07:37,400 --> 00:07:42,040 Speaker 1: Democratic Party. And um, what's interesting is that now they 155 00:07:42,080 --> 00:07:46,600 Speaker 1: say that there's allegations of criminal violations of campaign finance laws, 156 00:07:47,040 --> 00:07:49,720 Speaker 1: and they go beyond the basic fact that SPF you 157 00:07:49,880 --> 00:07:53,440 Speaker 1: stolen customer funds to make these contributions. Damian Williams, the 158 00:07:53,520 --> 00:07:56,880 Speaker 1: United States Attorney in Manhattan, said that he made SPF 159 00:07:56,960 --> 00:07:59,640 Speaker 1: made a legal campaign contributions totally in the tens of 160 00:07:59,720 --> 00:08:03,560 Speaker 1: millions of dollars and disguise them. He tried to hide 161 00:08:03,600 --> 00:08:08,160 Speaker 1: them as they were coming from wealthy co conspirators, co 162 00:08:08,160 --> 00:08:12,880 Speaker 1: conspiratory conspiracy, conspiracy. In other words, sbf uz straw downers 163 00:08:12,920 --> 00:08:16,600 Speaker 1: to conceal the source of these campaign contributions to evade 164 00:08:17,280 --> 00:08:21,080 Speaker 1: federal laws and limits. So who are these people? And 165 00:08:21,120 --> 00:08:24,720 Speaker 1: more importantly, tens of millions of dollars on top of 166 00:08:24,760 --> 00:08:27,360 Speaker 1: the forty million we already know about, which will make 167 00:08:27,400 --> 00:08:32,199 Speaker 1: this the largest campaign fraud case in history. And even 168 00:08:32,280 --> 00:08:34,960 Speaker 1: more interesting, we know that he was the second largest 169 00:08:35,080 --> 00:08:40,280 Speaker 1: donor to the Joe Biden campaign in so how much 170 00:08:40,280 --> 00:08:43,600 Speaker 1: of that five point two million plus other strong campaign 171 00:08:43,920 --> 00:08:48,559 Speaker 1: donations went to Biden that were illegal? Oh, this is 172 00:08:48,600 --> 00:08:50,439 Speaker 1: going to be interesting, and don't worry, I'm gonna keep 173 00:08:50,440 --> 00:08:52,240 Speaker 1: you up to date on this. The one thing that 174 00:08:52,400 --> 00:08:55,520 Speaker 1: should be more abundantly clear than ever is if you 175 00:08:55,559 --> 00:08:57,640 Speaker 1: don't hold it, you don't own it. With bitcoin, we 176 00:08:57,720 --> 00:09:00,720 Speaker 1: say not your keys, not your coins. If you have 177 00:09:00,800 --> 00:09:03,520 Speaker 1: them on coin base or Celsius or Block five or 178 00:09:03,679 --> 00:09:06,800 Speaker 1: f t x and not in your own wallet, you 179 00:09:06,840 --> 00:09:09,320 Speaker 1: don't own them. And so now is the time to 180 00:09:09,480 --> 00:09:12,679 Speaker 1: get them off of the exchange and put them in 181 00:09:12,679 --> 00:09:15,280 Speaker 1: a hardware wallet, a hardware wallet like treads or or 182 00:09:15,360 --> 00:09:18,000 Speaker 1: a Ledger or cold card and you can store yourself. 183 00:09:18,240 --> 00:09:19,839 Speaker 1: If you're just tune in, you're listening to the Mark 184 00:09:19,960 --> 00:09:22,320 Speaker 1: mo Show talking about some of the latest breaking news. 185 00:09:22,360 --> 00:09:25,520 Speaker 1: This week's highlight, the decentralized revolution we're going through. I 186 00:09:25,559 --> 00:09:27,079 Speaker 1: got a whole lot more to cover when I come back. 187 00:09:27,080 --> 00:09:28,960 Speaker 1: You don't want to miss it. I'll be right back, 188 00:09:29,559 --> 00:09:32,400 Speaker 1: all right, Hello, and welcome back. You are listening to 189 00:09:32,559 --> 00:09:34,200 Speaker 1: the Mark Mars Show. If you're just tuning in. Of course, 190 00:09:34,240 --> 00:09:37,400 Speaker 1: we're talking about the decentralized revolution, talking about some of 191 00:09:37,400 --> 00:09:40,640 Speaker 1: the latest breaking news this week that shows us it's 192 00:09:40,640 --> 00:09:43,720 Speaker 1: the signpost to show that we are going through this 193 00:09:43,800 --> 00:09:46,640 Speaker 1: decentralized revolution. The world is changing, of course, like I 194 00:09:46,679 --> 00:09:49,240 Speaker 1: always say, right before our very eyes, and I talked about, 195 00:09:49,360 --> 00:09:53,479 Speaker 1: you know, the pendulum swinging from centralization and back to decentralization. 196 00:09:53,520 --> 00:09:56,000 Speaker 1: Of course, we see that we're at peak centralization with 197 00:09:56,480 --> 00:10:02,920 Speaker 1: a unipolar world, US dominance, the US dollar dominance, the 198 00:10:02,960 --> 00:10:07,079 Speaker 1: homogeney um as it's called, and the world is now 199 00:10:07,120 --> 00:10:10,400 Speaker 1: breaking apart into a multipolar world. And of course we 200 00:10:10,440 --> 00:10:13,600 Speaker 1: can see that happening all over the place. This era, 201 00:10:13,760 --> 00:10:16,120 Speaker 1: this period of peace that we've known for the last 202 00:10:16,240 --> 00:10:20,480 Speaker 1: one forty fifty years is it's coming to an end. 203 00:10:20,880 --> 00:10:22,640 Speaker 1: I've say it over and over. The world we're going 204 00:10:22,679 --> 00:10:25,439 Speaker 1: into is not the same as the world that we've 205 00:10:25,520 --> 00:10:28,120 Speaker 1: left behind. The last forty or fifty years is an 206 00:10:28,160 --> 00:10:31,320 Speaker 1: anomaly when you look through thousands of years of history, 207 00:10:31,720 --> 00:10:34,400 Speaker 1: the last forty or fifty years is an anomaly. It's 208 00:10:34,520 --> 00:10:36,679 Speaker 1: not the way things always are, and it's not the 209 00:10:36,720 --> 00:10:39,800 Speaker 1: way things will always be. And of course, as I said, 210 00:10:39,840 --> 00:10:41,720 Speaker 1: we can see that the pendulum is starting to swing 211 00:10:41,760 --> 00:10:44,840 Speaker 1: back to decentralization and this is a massive signpost. And 212 00:10:44,880 --> 00:10:46,640 Speaker 1: some of this is that you can see the world 213 00:10:46,720 --> 00:10:50,560 Speaker 1: is breaking apart into this multipolar world instead of one 214 00:10:51,200 --> 00:10:54,520 Speaker 1: uh homogeney power that that runs and controls everything. We're 215 00:10:54,640 --> 00:10:57,839 Speaker 1: probably going to have multiple zones. In the beginning, it 216 00:10:57,880 --> 00:11:00,200 Speaker 1: is probably gonna go into like three zones. Eventually, I 217 00:11:00,240 --> 00:11:02,920 Speaker 1: believe that we might settled with four or five different zones. 218 00:11:04,200 --> 00:11:06,679 Speaker 1: And we can see it happening, and I believe is 219 00:11:06,720 --> 00:11:09,440 Speaker 1: going to be a very, very big year for it. 220 00:11:09,679 --> 00:11:12,920 Speaker 1: While the United States is all in with the Russia 221 00:11:13,120 --> 00:11:16,480 Speaker 1: Ukraine situation. Uh, in my opinion, you know, the United 222 00:11:16,480 --> 00:11:19,480 Speaker 1: States really trying to push hard onto Russia because they 223 00:11:19,559 --> 00:11:23,920 Speaker 1: understand the threat that Russia poses um into this multipolar 224 00:11:23,960 --> 00:11:27,560 Speaker 1: world using the Ukraine as this uh you know, proxy 225 00:11:27,600 --> 00:11:30,560 Speaker 1: to fight this war. We have lots of other areas 226 00:11:30,559 --> 00:11:34,160 Speaker 1: of conflict popping up, Taiwan, when China, we got North Korea, 227 00:11:34,240 --> 00:11:39,319 Speaker 1: we have Iran, Palestine, all potential flashpoints that could potentially 228 00:11:39,640 --> 00:11:42,400 Speaker 1: cause a problem in two thousand and twenty three. Now, 229 00:11:43,080 --> 00:11:45,360 Speaker 1: like I said, we've kind of been all in on 230 00:11:45,440 --> 00:11:48,120 Speaker 1: Russia Ukraine, but you know, there's lots of other things 231 00:11:48,120 --> 00:11:49,800 Speaker 1: going on in the world that just maybe we don't 232 00:11:49,840 --> 00:11:55,520 Speaker 1: get involved in. We have you know, Minimar, Yemen, Molly, Nicaragua, 233 00:11:55,920 --> 00:11:59,760 Speaker 1: Republic of Congo, Somalia, Afghanistan, all types of crisis is 234 00:11:59,800 --> 00:12:05,040 Speaker 1: going on. But there's three geopolitical battlegrounds that you need 235 00:12:05,080 --> 00:12:08,280 Speaker 1: to keep your eye on. Fore, and this continues to 236 00:12:08,320 --> 00:12:10,360 Speaker 1: show the world breaking apartment. What does it mean if 237 00:12:10,400 --> 00:12:13,160 Speaker 1: the world breaks apart? Well, it means again, like I said, 238 00:12:13,160 --> 00:12:15,360 Speaker 1: the world will be different. How it will be different, Well, 239 00:12:15,440 --> 00:12:18,800 Speaker 1: we'll have a lot less global cooperation. What does that mean? Well, 240 00:12:18,840 --> 00:12:21,160 Speaker 1: that means are just in time, supply chains don't work 241 00:12:21,200 --> 00:12:23,440 Speaker 1: as good anymore. Okay, what does that mean? It means 242 00:12:23,480 --> 00:12:26,320 Speaker 1: we don't have as many products and services, especially at 243 00:12:26,360 --> 00:12:28,520 Speaker 1: good prices anymore. Okay, what does that mean? Let me 244 00:12:28,600 --> 00:12:30,320 Speaker 1: prices go up? Okay, what does that mean? That means 245 00:12:30,360 --> 00:12:33,960 Speaker 1: your quality of life goes down if you start thinking 246 00:12:34,000 --> 00:12:38,040 Speaker 1: through these things. Three geopolitical battlegrounds in particular, maybe hard 247 00:12:38,080 --> 00:12:42,160 Speaker 1: to ignore China, China and Asia. We have the Middle 248 00:12:42,160 --> 00:12:44,120 Speaker 1: East situation, and of course, and we have the Russia 249 00:12:44,520 --> 00:12:47,600 Speaker 1: Ukraine and really the U US Europe pretensions as well. 250 00:12:47,679 --> 00:12:50,640 Speaker 1: The US and Europe are fighting, and so what's going 251 00:12:50,720 --> 00:12:53,800 Speaker 1: to happen. It's it's happening really quick. We can see 252 00:12:54,080 --> 00:12:57,040 Speaker 1: China is really really ramping up its military efforts and 253 00:12:57,080 --> 00:13:00,800 Speaker 1: putting a kind of a display to tie on. And 254 00:13:00,840 --> 00:13:04,800 Speaker 1: at the same time, we see Japan starting to shift, 255 00:13:04,840 --> 00:13:09,319 Speaker 1: and we see Japan has now uh shifted. It's changed 256 00:13:09,760 --> 00:13:12,800 Speaker 1: since it's since about after World War Two. It moved 257 00:13:12,800 --> 00:13:16,320 Speaker 1: into like this pacifist transition. And now Japan has decided 258 00:13:16,400 --> 00:13:20,040 Speaker 1: to double its defense spending, taking it from I believe 259 00:13:20,240 --> 00:13:22,320 Speaker 1: ninth in the world in defense spending all the way 260 00:13:22,360 --> 00:13:25,760 Speaker 1: up to number three in defense spending. So Japan is 261 00:13:25,760 --> 00:13:28,800 Speaker 1: getting ready for something like what are they getting ready for? 262 00:13:29,640 --> 00:13:31,880 Speaker 1: We can see that like I said, China is really 263 00:13:31,920 --> 00:13:36,840 Speaker 1: aggressively building out its military reach. Um they're saying President g. 264 00:13:36,840 --> 00:13:39,760 Speaker 1: G Mping is saying in this year, potentially in the 265 00:13:39,800 --> 00:13:45,400 Speaker 1: next sixty days, could make a move on Taiwan. Could 266 00:13:45,440 --> 00:13:51,280 Speaker 1: the US handle the Ukraine situation and the Taiwan situation 267 00:13:51,360 --> 00:13:54,440 Speaker 1: at the same time, It would probably very difficult. We 268 00:13:54,520 --> 00:13:56,880 Speaker 1: know that General Mark Millye, chairman of the U S 269 00:13:56,960 --> 00:14:00,640 Speaker 1: Joint Chiefs of Staffs, recently suggested that you Krane should 270 00:14:00,720 --> 00:14:05,240 Speaker 1: probably consider peace talks, maybe because he understands, shoot, we 271 00:14:05,280 --> 00:14:09,600 Speaker 1: should probably get that put away so we can address 272 00:14:09,640 --> 00:14:11,400 Speaker 1: some of these other things that we have going on. 273 00:14:12,600 --> 00:14:15,439 Speaker 1: But this Ukraine situation is not only taking up all 274 00:14:15,440 --> 00:14:17,920 Speaker 1: our time, our focus, our effort, our energy, put our money. 275 00:14:17,960 --> 00:14:21,160 Speaker 1: Of course, in this massive omnibus bill, I think another 276 00:14:21,200 --> 00:14:24,160 Speaker 1: forty five billion we're being sent to Ukraine. I believe 277 00:14:24,240 --> 00:14:27,560 Speaker 1: now a hundred billion dollars have been sent to Ukraine 278 00:14:27,600 --> 00:14:30,840 Speaker 1: in the last ten months just by the US, not 279 00:14:30,960 --> 00:14:34,240 Speaker 1: including the other countries that are sending Ukraine aid, compared 280 00:14:34,280 --> 00:14:38,480 Speaker 1: to about sixty billion that Russias spent. So the US 281 00:14:38,520 --> 00:14:42,720 Speaker 1: has given Ukraine almost double what Russia has spent. And 282 00:14:42,760 --> 00:14:46,280 Speaker 1: that's just on the U s alone. But it's not 283 00:14:46,320 --> 00:14:49,040 Speaker 1: just Mark Milly, General Mark Milly that's talking about this. 284 00:14:49,080 --> 00:14:53,160 Speaker 1: We see other high level people. We see uh uh, 285 00:14:53,200 --> 00:14:56,440 Speaker 1: Anthony Blincoln, he's the Secretary of State. Anthony Blincoln held 286 00:14:56,480 --> 00:14:58,800 Speaker 1: a press conference just a couple of days before Christmas, 287 00:14:59,360 --> 00:15:01,200 Speaker 1: and you know, when you listen to what he said 288 00:15:01,200 --> 00:15:04,080 Speaker 1: and you kind of parse it out, he says that 289 00:15:04,760 --> 00:15:10,040 Speaker 1: it looks like the administration is not capable of handling 290 00:15:10,200 --> 00:15:14,040 Speaker 1: multiple foreign policies at once. He said, quote, when it 291 00:15:14,080 --> 00:15:17,440 Speaker 1: comes to Russia's war against Ukraine, if we were still 292 00:15:17,480 --> 00:15:21,280 Speaker 1: in Afghanistan, it would have I think made much more 293 00:15:21,400 --> 00:15:24,680 Speaker 1: complicated the support that we've been able to give and 294 00:15:24,720 --> 00:15:27,200 Speaker 1: that others have been able to give Ukraine to resist 295 00:15:27,200 --> 00:15:30,000 Speaker 1: and push back against the Russian aggression. So you're saying, 296 00:15:30,160 --> 00:15:32,480 Speaker 1: if we were still an Afghanistan, we no way we 297 00:15:32,480 --> 00:15:34,600 Speaker 1: would have been able to do all this um work 298 00:15:34,640 --> 00:15:37,880 Speaker 1: and effort with Ukraine. I mean, we've given so many 299 00:15:38,000 --> 00:15:40,560 Speaker 1: weapons to Ukraine, so many long range missiles, that we 300 00:15:40,640 --> 00:15:44,080 Speaker 1: are depleting our supply. You can't supply two countries the same. 301 00:15:44,080 --> 00:15:45,680 Speaker 1: We don't even have enough to give them and keep 302 00:15:45,800 --> 00:15:49,120 Speaker 1: what we need. So that's exactly what he's saying He's like, 303 00:15:49,160 --> 00:15:50,720 Speaker 1: there's no way we would be able to do that 304 00:15:50,760 --> 00:15:54,800 Speaker 1: if we were still in Ukraine. And so this is 305 00:15:54,840 --> 00:15:56,920 Speaker 1: interesting something to definitely keep an eye on, and it 306 00:15:57,000 --> 00:15:59,040 Speaker 1: is something that I believe will continue through the rest 307 00:15:59,080 --> 00:16:02,920 Speaker 1: of the decade. Tensions will continue to rage, the world 308 00:16:02,960 --> 00:16:05,280 Speaker 1: will continue to get more divided. And that's why I've 309 00:16:05,320 --> 00:16:07,440 Speaker 1: said over and over, I believe that inflation, while it's 310 00:16:07,440 --> 00:16:11,120 Speaker 1: come down a little bit and came down from nine 311 00:16:11,120 --> 00:16:13,920 Speaker 1: to seven, all right, Um so now inste of three 312 00:16:14,520 --> 00:16:18,480 Speaker 1: six dollars a months, you're losing now, Uh, But I 313 00:16:18,520 --> 00:16:20,480 Speaker 1: believe it's some of the lowest inflation will see for 314 00:16:20,480 --> 00:16:22,640 Speaker 1: the decade. Because I believe this continues to get exaggerated 315 00:16:22,680 --> 00:16:25,920 Speaker 1: and supply chains continue to struggle, and free trade continues 316 00:16:26,000 --> 00:16:29,880 Speaker 1: to fall. And uh, we're re on shoring a lot 317 00:16:29,960 --> 00:16:33,440 Speaker 1: of manufacturing near shoring, bringing it closer to the shore, 318 00:16:33,720 --> 00:16:35,560 Speaker 1: and lots of things. One of the things that we're 319 00:16:35,600 --> 00:16:38,360 Speaker 1: re on shoring is our chip manufacturing. Of course, the 320 00:16:38,400 --> 00:16:42,560 Speaker 1: Biden administration put together this massive stimulus package to onshore 321 00:16:43,280 --> 00:16:47,480 Speaker 1: micro chips semiconductor manufacturing in the United States. And when 322 00:16:47,480 --> 00:16:50,080 Speaker 1: he did that, we have Taiwan, which manufactures the most 323 00:16:50,160 --> 00:16:53,320 Speaker 1: high tech chips in the world are t SMC is 324 00:16:53,320 --> 00:16:57,960 Speaker 1: now building their chip production plants here in the United States. 325 00:17:00,040 --> 00:17:02,720 Speaker 1: Of course, China wants to move on Taiwan partly to 326 00:17:02,760 --> 00:17:05,639 Speaker 1: get those semiconductors, and so that's gonna be an interesting thing. 327 00:17:05,720 --> 00:17:07,800 Speaker 1: China is basically dead in the water. The Biden administration 328 00:17:07,880 --> 00:17:13,200 Speaker 1: shut down made illegal for China to even have Tier 329 00:17:13,240 --> 00:17:16,520 Speaker 1: two and Tier three microchips and semiconductors, which means they 330 00:17:16,560 --> 00:17:19,159 Speaker 1: are basically knocked back almost to the Dark Ages, not 331 00:17:19,200 --> 00:17:23,719 Speaker 1: the Dark Ages, but certainly the eighties at least, and 332 00:17:23,760 --> 00:17:27,320 Speaker 1: so that only agitates China even more. And this is 333 00:17:27,320 --> 00:17:29,120 Speaker 1: something to keep an eye on. That's why I bring 334 00:17:29,119 --> 00:17:32,120 Speaker 1: it to your attention. We are witnessing the decentralized revolution, 335 00:17:32,520 --> 00:17:34,439 Speaker 1: and this is showing us what's happening now. If you're 336 00:17:34,480 --> 00:17:36,280 Speaker 1: just tuning in you're listening to the Markmas Show. Of course, 337 00:17:36,280 --> 00:17:38,800 Speaker 1: we talk about the decentralized revolutions each and every week. 338 00:17:39,119 --> 00:17:42,120 Speaker 1: And I look at through the lens of politics, finance, 339 00:17:42,480 --> 00:17:46,639 Speaker 1: and technology, where those three converges where we should be looking, 340 00:17:46,720 --> 00:17:49,240 Speaker 1: because that's how we have context to what's going on. 341 00:17:49,280 --> 00:17:51,960 Speaker 1: We're not looking at politics for politics sake. But we're 342 00:17:52,000 --> 00:17:55,479 Speaker 1: looking at those three converging together so we can understand 343 00:17:55,520 --> 00:17:59,639 Speaker 1: the world and understand how to maneuver to keep our wealth, 344 00:17:59,720 --> 00:18:02,280 Speaker 1: grow our wealth, and our freedom. I got a whole 345 00:18:02,280 --> 00:18:04,560 Speaker 1: lot more to cover. This week was busy, so don't 346 00:18:04,560 --> 00:18:06,439 Speaker 1: go away. I'm gonna come back in just a minute 347 00:18:06,440 --> 00:18:08,159 Speaker 1: with more. You don't want to miss it, all right, 348 00:18:08,200 --> 00:18:09,919 Speaker 1: welcome back. If you're just tuning in, you're listening to 349 00:18:10,000 --> 00:18:12,760 Speaker 1: the Mark Moa Show. We're talking about the decentralized revolution, 350 00:18:12,760 --> 00:18:14,840 Speaker 1: of course, each and every week, and we're looking through 351 00:18:14,880 --> 00:18:17,680 Speaker 1: some of the biggest news headlines this week that show 352 00:18:17,800 --> 00:18:20,720 Speaker 1: us just exactly how this world is changing, of course, 353 00:18:20,760 --> 00:18:23,359 Speaker 1: so you can survive and thrive, build, grow and protect 354 00:18:23,359 --> 00:18:26,960 Speaker 1: your wealth, your financial sovereignty, your freedom, and your sovereignty. 355 00:18:27,000 --> 00:18:30,440 Speaker 1: Of course, money gives us options, and we need options. 356 00:18:30,480 --> 00:18:35,240 Speaker 1: We need optionality in a world that's increasingly becoming more uncertain. 357 00:18:35,720 --> 00:18:39,119 Speaker 1: Uncertainty is beat by optionality. That's what money gives us. 358 00:18:39,560 --> 00:18:43,399 Speaker 1: Now I'm seeing some some you know, some some bad 359 00:18:43,440 --> 00:18:46,800 Speaker 1: news coming out regarding the economy, and like I said, 360 00:18:47,080 --> 00:18:49,000 Speaker 1: you know, I want to help you build, grow and 361 00:18:49,000 --> 00:18:51,600 Speaker 1: protect your wealth, and you need to understand what's going 362 00:18:51,640 --> 00:18:56,439 Speaker 1: on you know, and a lot of talk about recession coming, 363 00:18:56,600 --> 00:19:00,320 Speaker 1: and we're seeing lots of indicators about that. As a 364 00:19:00,359 --> 00:19:05,160 Speaker 1: matter of fact, um, the experts, the economists, the experts, 365 00:19:05,200 --> 00:19:08,280 Speaker 1: Wall Street, etcetera, which have been wrong almost every step 366 00:19:08,280 --> 00:19:11,520 Speaker 1: of the way, by the way, but they are saying 367 00:19:11,560 --> 00:19:14,439 Speaker 1: that things are not looking good. That is not looking good. 368 00:19:14,480 --> 00:19:17,120 Speaker 1: As a matter of fact, we can see um. According 369 00:19:17,119 --> 00:19:20,480 Speaker 1: to Bloomberg, forecasters surveyed by the Federal Reserve Bank of 370 00:19:20,520 --> 00:19:23,640 Speaker 1: Philadelphia put the probability of a downturn in the next 371 00:19:23,640 --> 00:19:27,920 Speaker 1: four quarters at more than that's the highest reading since 372 00:19:28,040 --> 00:19:32,959 Speaker 1: at least ninety economists that were pulled by Bloomberg I 373 00:19:33,000 --> 00:19:35,480 Speaker 1: saw the chance of a of a of a recession 374 00:19:35,480 --> 00:19:41,360 Speaker 1: in three at sixty five, and Bloomberg's own models put 375 00:19:41,480 --> 00:19:47,480 Speaker 1: the recession risk at one hundred percent. So between ort 376 00:19:47,840 --> 00:19:51,760 Speaker 1: but even at that's the highest reading since ninety The 377 00:19:51,880 --> 00:19:55,320 Speaker 1: chance of us having a reception are I'm not gonna 378 00:19:55,320 --> 00:19:57,879 Speaker 1: say the percent like Bloomberg, but they're extremely high. So 379 00:19:57,920 --> 00:20:00,600 Speaker 1: what does that mean to you? What that mean if 380 00:20:00,600 --> 00:20:03,840 Speaker 1: the economy goes into recession, Well, a couple of things 381 00:20:03,840 --> 00:20:05,360 Speaker 1: that you need to understand and a couple of things 382 00:20:05,359 --> 00:20:07,119 Speaker 1: that you need to understand so you can protect yourself 383 00:20:07,200 --> 00:20:10,159 Speaker 1: is that you know, there's the there's the economy going 384 00:20:10,200 --> 00:20:12,800 Speaker 1: into recession, and then there's your your own personal wealth, 385 00:20:13,680 --> 00:20:15,359 Speaker 1: and I want to make sure you're protected with your 386 00:20:15,400 --> 00:20:18,720 Speaker 1: personal wealth. Um, it says that right. You know, of course, 387 00:20:18,720 --> 00:20:22,040 Speaker 1: consumers are the ones that keep the economy afloat. Right, 388 00:20:22,040 --> 00:20:24,680 Speaker 1: Consumers spend money into the economy. You go buy food, 389 00:20:24,760 --> 00:20:27,520 Speaker 1: you go by you know, gasoline, you get services, et cetera. 390 00:20:27,600 --> 00:20:31,800 Speaker 1: Consumer spending makes up about seventy percent of the economy. 391 00:20:31,840 --> 00:20:34,119 Speaker 1: So it's a super important data point if if consumers, 392 00:20:34,119 --> 00:20:36,600 Speaker 1: if you and I are broke, then we don't have 393 00:20:36,600 --> 00:20:38,720 Speaker 1: money to spend that sevent in the economy. And of 394 00:20:38,720 --> 00:20:42,440 Speaker 1: course Jerome Powell the Federal Reserve has been very upfront, 395 00:20:42,720 --> 00:20:45,399 Speaker 1: very honest, telling all of us over and over and 396 00:20:45,440 --> 00:20:49,919 Speaker 1: over that his goal is to crush demand, meaning he 397 00:20:49,960 --> 00:20:51,920 Speaker 1: wants to make there's no more demand to buy products, 398 00:20:51,960 --> 00:20:55,240 Speaker 1: meaning everybody's broke. So his goal is to crush demand 399 00:20:55,240 --> 00:20:59,200 Speaker 1: by making you broke, reverse wealth effect. Your retirement account 400 00:20:59,240 --> 00:21:01,280 Speaker 1: gets cut in half, your home value is cut in half, 401 00:21:01,359 --> 00:21:06,080 Speaker 1: and you get paid less money. That's his goal. But 402 00:21:06,200 --> 00:21:10,600 Speaker 1: what happens is that's makes you broke, there's less demand. 403 00:21:10,640 --> 00:21:13,200 Speaker 1: You don't buy as much stuff, but the stuff you buy, 404 00:21:13,240 --> 00:21:17,639 Speaker 1: consumer spending makes up the economy. It's a big problem. 405 00:21:17,720 --> 00:21:20,080 Speaker 1: Now we can see that we have you know, obviously 406 00:21:20,240 --> 00:21:23,560 Speaker 1: consumer income, then we have savings and hopefully you guys 407 00:21:23,600 --> 00:21:27,520 Speaker 1: are saving some money. Ah. I can't stress enough how 408 00:21:27,520 --> 00:21:30,720 Speaker 1: important is to save money, especially in light of of 409 00:21:30,760 --> 00:21:32,960 Speaker 1: a situation that we're going into right now. I think 410 00:21:33,000 --> 00:21:35,280 Speaker 1: that you should have as much a living expenses saved 411 00:21:35,280 --> 00:21:37,320 Speaker 1: a way as you possibly can. Three months should be 412 00:21:37,359 --> 00:21:41,440 Speaker 1: like your your minimum. You need three months of of 413 00:21:41,160 --> 00:21:44,480 Speaker 1: of of savings put away. Obviously the more is better, 414 00:21:45,080 --> 00:21:47,000 Speaker 1: But what we're seeing is the opposite of that. We're 415 00:21:47,040 --> 00:21:51,159 Speaker 1: seeing savings go down. Excess savings as UM labeled by 416 00:21:51,200 --> 00:21:55,119 Speaker 1: the Federal Reserve, reached a high at the end of 417 00:21:55,320 --> 00:21:59,159 Speaker 1: third quarter of one, so by you know, September October, 418 00:21:59,280 --> 00:22:04,840 Speaker 1: November ish or August, September October, somewhere right there. Third 419 00:22:04,920 --> 00:22:07,560 Speaker 1: quarter of two one, it was a high point of 420 00:22:07,600 --> 00:22:10,320 Speaker 1: two point three trillion dollars in excess savings per the 421 00:22:10,320 --> 00:22:13,320 Speaker 1: Federal Reserve. But by the end of September two, a 422 00:22:13,400 --> 00:22:17,160 Speaker 1: year later, excess savings had shrunk to about one point 423 00:22:17,240 --> 00:22:22,000 Speaker 1: five trillion or uh just shrunk by about and even worse, 424 00:22:22,600 --> 00:22:27,520 Speaker 1: they're projecting all of that excess savings to be depleted 425 00:22:28,160 --> 00:22:31,000 Speaker 1: by middle of this year. So we went from having 426 00:22:31,040 --> 00:22:34,520 Speaker 1: two point three trillion dollars in wealth saved to zero 427 00:22:35,280 --> 00:22:37,960 Speaker 1: by the summer of this year. That's not good now. 428 00:22:38,000 --> 00:22:40,000 Speaker 1: Not only are they eating to their existing savings, they're 429 00:22:40,000 --> 00:22:42,919 Speaker 1: also saving less of what they make and at the 430 00:22:43,000 --> 00:22:44,320 Speaker 1: same time, and this is the worst way to go. 431 00:22:44,359 --> 00:22:46,960 Speaker 1: Not only they spending other savings, but credit card debt 432 00:22:47,040 --> 00:22:49,840 Speaker 1: levels are now approaching a high level mark of one 433 00:22:50,119 --> 00:22:54,359 Speaker 1: trillion dollars. So the Feds crushing demand, they're doing a 434 00:22:54,359 --> 00:22:56,959 Speaker 1: really good job. Everyone's going broke right now. People are 435 00:22:56,960 --> 00:23:01,280 Speaker 1: still spending, but their savings are leading and their credit 436 00:23:01,280 --> 00:23:04,080 Speaker 1: card debt is going up at the same time. It's 437 00:23:04,160 --> 00:23:09,080 Speaker 1: not a good place to go now. Um. On top 438 00:23:09,119 --> 00:23:12,680 Speaker 1: of that, the unemployment rate is projected to shoot up 439 00:23:12,800 --> 00:23:16,960 Speaker 1: by about five cent and it's not hard to see that. 440 00:23:17,880 --> 00:23:21,440 Speaker 1: We see recessions, I'm sorry, layoffs are happening all over 441 00:23:21,440 --> 00:23:24,480 Speaker 1: the place. Um. The Federal Reserve, the Central Bank doesn't 442 00:23:24,480 --> 00:23:27,560 Speaker 1: forecast a decline in interest rates, meaning they're not they're 443 00:23:27,560 --> 00:23:32,280 Speaker 1: not expecting or planning to lower interest rates until at 444 00:23:32,320 --> 00:23:35,720 Speaker 1: the at the earliest, so potentially at least another year 445 00:23:35,840 --> 00:23:39,399 Speaker 1: before they even start to let off of this. I 446 00:23:39,440 --> 00:23:41,440 Speaker 1: don't think they make it that far. My guess is 447 00:23:41,480 --> 00:23:46,399 Speaker 1: they they they probably start lowering rates again, um second 448 00:23:46,480 --> 00:23:48,800 Speaker 1: quarter of this year, I'm sorry, a third quarter of 449 00:23:48,800 --> 00:23:51,440 Speaker 1: this year would be my guest. But they're not forecast either, 450 00:23:51,560 --> 00:23:54,359 Speaker 1: saying they're not going to do it until at the earliest. 451 00:23:54,840 --> 00:23:56,560 Speaker 1: And so what's gonna happen. Well, we're gonna continue to 452 00:23:56,560 --> 00:23:58,960 Speaker 1: see people feeling broke, which means they're going to spend 453 00:23:59,040 --> 00:24:01,480 Speaker 1: less money in the economy. Set spin is from them. 454 00:24:01,680 --> 00:24:03,360 Speaker 1: And when they spend less money in the economy than 455 00:24:03,840 --> 00:24:06,200 Speaker 1: businesses don't make as much money. And when businesses don't 456 00:24:06,200 --> 00:24:08,560 Speaker 1: make as much money, what happens They have to lay 457 00:24:08,680 --> 00:24:11,920 Speaker 1: people off. So then more people get laid off, which 458 00:24:11,960 --> 00:24:14,320 Speaker 1: means there's less money being spent in the economy, which 459 00:24:14,320 --> 00:24:16,840 Speaker 1: means businesses do worse, which means more people get laid off, 460 00:24:16,920 --> 00:24:19,000 Speaker 1: which means less money going to the economy. And you 461 00:24:19,040 --> 00:24:22,760 Speaker 1: get the point. It's the doom loop. It's the doom loop, right, 462 00:24:24,840 --> 00:24:26,840 Speaker 1: and we can see it. I saw this week Amazon 463 00:24:26,920 --> 00:24:31,919 Speaker 1: to lay off more than seventeen thousand employees SEVD. Now, 464 00:24:31,920 --> 00:24:34,280 Speaker 1: they had projected that they were going to lay off 465 00:24:34,320 --> 00:24:37,640 Speaker 1: in November of last year. They had projected they would 466 00:24:37,680 --> 00:24:42,480 Speaker 1: lay off about ten thousand people. But things got much 467 00:24:42,520 --> 00:24:44,959 Speaker 1: worse than and much faster they had expected. And now 468 00:24:45,040 --> 00:24:48,680 Speaker 1: they're laying off almost double what they had projected. Now, 469 00:24:48,680 --> 00:24:53,199 Speaker 1: look here's what happened, right um. Amazon hired an insane 470 00:24:53,240 --> 00:24:57,280 Speaker 1: amount of people. In one the photo Reserved printed, trillions 471 00:24:57,280 --> 00:25:00,440 Speaker 1: of dollars shifted in the economy. Everybody started buying everything, 472 00:25:00,880 --> 00:25:03,480 Speaker 1: and Amazon had to keep up with the business. So 473 00:25:03,520 --> 00:25:06,520 Speaker 1: they are building out their distribution centers and they're hiring 474 00:25:06,560 --> 00:25:08,320 Speaker 1: as many people as they can to drive to deliver 475 00:25:08,400 --> 00:25:10,720 Speaker 1: the pack box as you name it. Hiring all those people, 476 00:25:11,760 --> 00:25:14,080 Speaker 1: and now things are slowing down and they got to 477 00:25:14,119 --> 00:25:17,920 Speaker 1: lay them all off. Think you think about the insanity 478 00:25:17,960 --> 00:25:20,879 Speaker 1: of that for a minute. Think about the insanity of 479 00:25:20,960 --> 00:25:23,200 Speaker 1: that for a minute. So the Federal Reserve, the Central 480 00:25:23,200 --> 00:25:29,159 Speaker 1: banks create booms and bus They ruin your life. I'm 481 00:25:29,160 --> 00:25:31,240 Speaker 1: just gonna say that straight up. What do I mean 482 00:25:31,240 --> 00:25:35,320 Speaker 1: by that? Well, you're a business owner, you deliver services, 483 00:25:35,520 --> 00:25:39,080 Speaker 1: you sell products your Amazon, you sell products whatever it 484 00:25:39,160 --> 00:25:42,160 Speaker 1: is you build, uh, you know, whatever it is, whatever 485 00:25:42,200 --> 00:25:45,679 Speaker 1: product or service you deliver, and the Federal Reserve decides 486 00:25:45,720 --> 00:25:48,360 Speaker 1: to print trillions of dollars and shove it in the economy, 487 00:25:48,520 --> 00:25:50,480 Speaker 1: and all of a sudden, your business takes off and 488 00:25:50,560 --> 00:25:54,000 Speaker 1: you can't keep up with demand. You're building out distribution 489 00:25:54,040 --> 00:25:57,040 Speaker 1: centers like Amazon, and you're hiring new people. And now 490 00:25:57,119 --> 00:26:00,399 Speaker 1: these people got hired on and because I need some people, 491 00:26:00,400 --> 00:26:02,639 Speaker 1: we paid them a good wage. So we hired all 492 00:26:02,680 --> 00:26:04,080 Speaker 1: these people and we gave them a good wage. Oh, 493 00:26:04,119 --> 00:26:06,000 Speaker 1: I got a job with Amazon, the paying all this money. 494 00:26:06,119 --> 00:26:08,480 Speaker 1: Now I feel good about it. Maybe my wife quits 495 00:26:08,480 --> 00:26:11,840 Speaker 1: her job. Maybe I go buy a new car, I 496 00:26:11,960 --> 00:26:15,040 Speaker 1: take on debt. I'm thinking, great, I got I got 497 00:26:15,040 --> 00:26:17,280 Speaker 1: this great job at Amazon. We can go to you know, 498 00:26:17,320 --> 00:26:18,840 Speaker 1: you don't have to work anymore, and let's get this 499 00:26:18,840 --> 00:26:23,280 Speaker 1: new car we always wanted. And then the Fed sucks 500 00:26:23,280 --> 00:26:25,440 Speaker 1: the money out of the economy and everything crashes. And now, 501 00:26:25,600 --> 00:26:28,400 Speaker 1: oh I just got laid off. But my wife quit 502 00:26:28,400 --> 00:26:30,760 Speaker 1: her job and I took on all this debt. What 503 00:26:30,800 --> 00:26:33,879 Speaker 1: do I do Now? I had this business and I 504 00:26:33,960 --> 00:26:35,879 Speaker 1: hired all these people, and I bought all this capital equipment. 505 00:26:35,880 --> 00:26:37,520 Speaker 1: I bought all these trucks, I bought all these machines, 506 00:26:37,520 --> 00:26:39,439 Speaker 1: this equipment, and now what Now I'm stuck with all 507 00:26:39,480 --> 00:26:43,720 Speaker 1: the debt and I have no customers the services. And 508 00:26:43,720 --> 00:26:47,640 Speaker 1: it's all because the central Bank, the Federal Reserve, prints 509 00:26:47,680 --> 00:26:49,960 Speaker 1: a bunch of money and then sucks it all back 510 00:26:50,000 --> 00:26:52,639 Speaker 1: out and shoves it back in and then sucks it 511 00:26:52,680 --> 00:26:54,720 Speaker 1: back out. Now we're all sitting around waiting when will 512 00:26:54,760 --> 00:26:58,120 Speaker 1: they inject more money, When will they come and save us? 513 00:26:58,560 --> 00:26:59,800 Speaker 1: And then when they suck it out again, It's the 514 00:26:59,800 --> 00:27:04,320 Speaker 1: game musical chairs. It's insanity. Insanity. That's why I that's 515 00:27:04,320 --> 00:27:07,000 Speaker 1: why I'm a proponent for bitcoin. We need to remove 516 00:27:08,600 --> 00:27:11,040 Speaker 1: money from the hands of the government. We need to 517 00:27:11,240 --> 00:27:15,080 Speaker 1: separate money in state. Money is what we want it 518 00:27:15,119 --> 00:27:17,320 Speaker 1: to be. It's our medium of exchange. It's how we 519 00:27:17,400 --> 00:27:20,280 Speaker 1: communicate value. We don't it's not made by the government. 520 00:27:20,640 --> 00:27:22,560 Speaker 1: It's not made by the government. They just shouldn't control it. 521 00:27:22,920 --> 00:27:25,239 Speaker 1: They've proven that they are not capable of handling them. 522 00:27:25,359 --> 00:27:27,399 Speaker 1: You're listening to the Markmas Show talking about some of 523 00:27:27,400 --> 00:27:30,520 Speaker 1: the latest breaking news this week. To explain the decentralized 524 00:27:30,560 --> 00:27:32,440 Speaker 1: revolution on a play by play, I got a whole 525 00:27:32,480 --> 00:27:34,280 Speaker 1: lot more to cover when I come back a big show. 526 00:27:34,400 --> 00:27:37,160 Speaker 1: Don't go away, I'm gonna be right back. Hello, Welcome back. 527 00:27:37,240 --> 00:27:38,840 Speaker 1: If you're just tuning in, you're listening to the Mark 528 00:27:38,960 --> 00:27:42,840 Speaker 1: Mo Show. We talked about the decentralized revolution, really highlighting 529 00:27:42,880 --> 00:27:46,040 Speaker 1: the way the world is changing. As the pendulum swings 530 00:27:46,080 --> 00:27:49,000 Speaker 1: from one extreme and will eventually go back to the 531 00:27:49,040 --> 00:27:51,640 Speaker 1: other extreme. We'll hit some middle ground somewhere in the middle. 532 00:27:52,160 --> 00:27:53,840 Speaker 1: But it's basically kind of like if you're like a 533 00:27:54,119 --> 00:27:56,000 Speaker 1: if you had like kids and you're playing bullying and 534 00:27:56,040 --> 00:27:57,640 Speaker 1: you put the bumpers up in the ball just kind 535 00:27:57,640 --> 00:28:00,439 Speaker 1: of pings back and forth from side to side. And 536 00:28:00,480 --> 00:28:02,960 Speaker 1: I like to look at this because this tells us 537 00:28:02,960 --> 00:28:04,720 Speaker 1: a lot about what we should be doing. Where should 538 00:28:04,720 --> 00:28:06,359 Speaker 1: we be living, what should be doing for money, how 539 00:28:06,400 --> 00:28:08,760 Speaker 1: should we be saving, what should be investing in, and 540 00:28:08,800 --> 00:28:11,400 Speaker 1: all of those things you have to understand. It's like, um, 541 00:28:11,560 --> 00:28:13,200 Speaker 1: you can't drive a hundred miles an hour down the 542 00:28:13,200 --> 00:28:15,600 Speaker 1: freeway in a Lamborghini with a blindfold on. You gotta 543 00:28:15,640 --> 00:28:18,280 Speaker 1: be seeing what's going on. And so I'd like to 544 00:28:18,320 --> 00:28:22,680 Speaker 1: take these these news headlines and explain them in context 545 00:28:22,800 --> 00:28:24,640 Speaker 1: that you could understand. So you can understand what's going 546 00:28:24,640 --> 00:28:26,880 Speaker 1: on here. You know, I don't typically like to get 547 00:28:26,920 --> 00:28:29,600 Speaker 1: into the politics side. I'd like to look at politics, finance, 548 00:28:29,640 --> 00:28:31,720 Speaker 1: and technology, and I really like to look where those 549 00:28:31,840 --> 00:28:35,679 Speaker 1: three come together, the merge of those three event diagram 550 00:28:35,720 --> 00:28:37,680 Speaker 1: if you will. I don't want to talk about politics 551 00:28:37,680 --> 00:28:40,920 Speaker 1: for politics sake, but when it comes to the decentralized 552 00:28:40,960 --> 00:28:44,440 Speaker 1: revolution and technology and and UH and money, and then 553 00:28:44,440 --> 00:28:46,080 Speaker 1: it's definitely something that we want to keep an eye on. 554 00:28:46,120 --> 00:28:48,280 Speaker 1: And you know, looking at what's going on in the 555 00:28:48,280 --> 00:28:53,000 Speaker 1: political arena right now is interesting for one big reason. 556 00:28:53,040 --> 00:28:55,280 Speaker 1: And and the big reason why I'm really interesting what's 557 00:28:55,320 --> 00:28:59,200 Speaker 1: going on in politics right now is the the fight, 558 00:28:59,600 --> 00:29:02,320 Speaker 1: the volt that's going on in the GOP and the 559 00:29:02,360 --> 00:29:07,719 Speaker 1: Republican Party right now, um with basically McCarthy, Kevin McCarthy's 560 00:29:07,760 --> 00:29:11,080 Speaker 1: bid to be the speaker, and they just can't get 561 00:29:11,080 --> 00:29:15,200 Speaker 1: it done. The Republican Party is divided and they don't 562 00:29:15,200 --> 00:29:17,520 Speaker 1: want to nominate him, and he keeps going back to 563 00:29:17,560 --> 00:29:20,840 Speaker 1: the bargaining table if you will give me more concessions 564 00:29:20,880 --> 00:29:22,760 Speaker 1: and more concessions. Hey, you can remove me if you 565 00:29:22,800 --> 00:29:25,160 Speaker 1: don't like me, and we'll do all these things. And 566 00:29:25,280 --> 00:29:28,760 Speaker 1: yet there's you know, half the party is just stuck. 567 00:29:28,760 --> 00:29:30,280 Speaker 1: They said, just no way, We're just not going to 568 00:29:30,400 --> 00:29:33,320 Speaker 1: vote for you. And now you know, we have President 569 00:29:33,360 --> 00:29:36,320 Speaker 1: Trump getting involved, you have the Democratic Party getting involved 570 00:29:36,360 --> 00:29:39,360 Speaker 1: in this, and uh, this is an embarrassment, and you 571 00:29:39,400 --> 00:29:41,600 Speaker 1: need to get this done. And like, we work so 572 00:29:41,640 --> 00:29:44,080 Speaker 1: hard to get the Republican majority there and now you're 573 00:29:44,120 --> 00:29:49,120 Speaker 1: squandering all these things, which is insane. We have to, 574 00:29:49,320 --> 00:29:51,960 Speaker 1: we have to. We have to get this omnibus bill 575 00:29:52,040 --> 00:29:55,280 Speaker 1: rushed through in two days before Christmas. It's four thousand 576 00:29:55,360 --> 00:29:58,120 Speaker 1: pages that we can't even read for one point seven 577 00:29:58,160 --> 00:30:00,280 Speaker 1: trillion dollars in spending. We better get it on the 578 00:30:00,280 --> 00:30:04,960 Speaker 1: next two days, but we can't. You know, like we 579 00:30:05,000 --> 00:30:08,520 Speaker 1: should be taking time on these things, like to spend 580 00:30:08,560 --> 00:30:11,440 Speaker 1: one point seven trillion dollars of our kids future. That's 581 00:30:11,480 --> 00:30:13,680 Speaker 1: not something that we should be rushing through in twelve 582 00:30:13,800 --> 00:30:16,480 Speaker 1: or twenty four hours right before Christmas. That's something that 583 00:30:16,520 --> 00:30:18,360 Speaker 1: we should think about, we should have time, we should 584 00:30:18,360 --> 00:30:22,520 Speaker 1: have open debate about, and probably who takes control of 585 00:30:22,600 --> 00:30:25,560 Speaker 1: the of the speakers position is also something that we 586 00:30:25,560 --> 00:30:27,320 Speaker 1: should be willing to take our time with as well. 587 00:30:27,800 --> 00:30:29,640 Speaker 1: But that's not what I want to really that that's 588 00:30:29,640 --> 00:30:31,200 Speaker 1: not that's not what stands out to me. What stands 589 00:30:31,200 --> 00:30:36,080 Speaker 1: out to me is why what's going on here? And 590 00:30:36,160 --> 00:30:39,840 Speaker 1: it looks like the revolt is really being spread by 591 00:30:39,880 --> 00:30:45,960 Speaker 1: these uh, anti McCarthy Republicans, by very prominent conservatives. And 592 00:30:46,000 --> 00:30:47,880 Speaker 1: so what we're seeing, similar to what's going on the 593 00:30:47,920 --> 00:30:50,680 Speaker 1: Democratic Party, is there's this divide where you have this 594 00:30:50,800 --> 00:30:54,960 Speaker 1: extreme left uh you know part that's you know, trying 595 00:30:54,960 --> 00:30:58,440 Speaker 1: to push you know, trans rights in elementary schools and um, 596 00:30:58,480 --> 00:31:01,240 Speaker 1: you know, just crazy extreme things over on one side, 597 00:31:01,320 --> 00:31:03,040 Speaker 1: and then you have the other Democratic Party that are 598 00:31:03,080 --> 00:31:05,200 Speaker 1: just liberals, right, and they just want more freedom and 599 00:31:05,240 --> 00:31:07,080 Speaker 1: things like that. And you've really see this divide. And 600 00:31:07,280 --> 00:31:08,920 Speaker 1: I think on the right, on the right or the 601 00:31:08,960 --> 00:31:11,800 Speaker 1: Republican side, you're also seeing something similar where you have 602 00:31:11,920 --> 00:31:14,959 Speaker 1: these these middle these uh I don't know, rhinos, if 603 00:31:15,000 --> 00:31:17,280 Speaker 1: you will. They like to call them the Republicans, but 604 00:31:17,280 --> 00:31:19,840 Speaker 1: they're really Democrats. And then you have this Democrat that 605 00:31:19,920 --> 00:31:23,520 Speaker 1: these conservatives that are trying to get the party moving again. 606 00:31:24,000 --> 00:31:26,000 Speaker 1: And and that that's really what this divide is about. 607 00:31:26,040 --> 00:31:28,320 Speaker 1: And the reason why this is important is, as I 608 00:31:28,360 --> 00:31:33,840 Speaker 1: talk about each and every week, the decentralized revolution, this 609 00:31:34,040 --> 00:31:39,239 Speaker 1: this this this utopian vision that we were all in 610 00:31:39,280 --> 00:31:42,479 Speaker 1: this together. We're all alike, we're all robots, we're all 611 00:31:42,520 --> 00:31:44,520 Speaker 1: gonna think and do and then the exact same thing. 612 00:31:44,520 --> 00:31:45,920 Speaker 1: We're all gonna like the same thing, and we can 613 00:31:45,960 --> 00:31:48,880 Speaker 1: all be ruled by one person with one ideology. Is wrong, 614 00:31:48,960 --> 00:31:51,600 Speaker 1: it's it's it's flawed, it's failed. It will never work, 615 00:31:51,800 --> 00:31:56,200 Speaker 1: it can't work. That's why we have individuals. That's why 616 00:31:56,240 --> 00:31:59,280 Speaker 1: we need small government. That's why we should be able 617 00:31:59,240 --> 00:32:01,280 Speaker 1: to have freedom them to do these things. And so 618 00:32:01,320 --> 00:32:03,480 Speaker 1: this is what it's highlighting to me, is that these 619 00:32:03,480 --> 00:32:06,760 Speaker 1: parties they're breaking apart the age of centralization, of centralizing 620 00:32:06,800 --> 00:32:09,400 Speaker 1: this it's over and really you kind of have this 621 00:32:09,640 --> 00:32:12,880 Speaker 1: uh these uh, like I said, these Republicans who are 622 00:32:12,920 --> 00:32:15,680 Speaker 1: more like Democrats right now, and and the and the 623 00:32:15,720 --> 00:32:18,800 Speaker 1: Repolican Party is is trying to separate this. That's what 624 00:32:18,840 --> 00:32:20,760 Speaker 1: it's looking like to me. And it just really, like 625 00:32:20,800 --> 00:32:25,600 Speaker 1: I said, highlights the fact that the world is changing 626 00:32:25,640 --> 00:32:28,920 Speaker 1: like it it's kicking these people out. It doesn't want them, 627 00:32:29,000 --> 00:32:31,800 Speaker 1: no matter what, no no matter if Trump gets behind them, 628 00:32:32,000 --> 00:32:35,160 Speaker 1: no matter what, which is pretty interesting. Some some of 629 00:32:35,200 --> 00:32:37,080 Speaker 1: the big headlines that I saw this week. That really 630 00:32:37,120 --> 00:32:41,880 Speaker 1: again highlights this is the I would say, the extreme 631 00:32:42,000 --> 00:32:45,800 Speaker 1: end of the Democratic Party. Um. They believe that they 632 00:32:45,880 --> 00:32:50,520 Speaker 1: have the right to do whatever they want. Um, who 633 00:32:50,520 --> 00:32:53,360 Speaker 1: cares if there's laws that prevented or not. So for example, 634 00:32:53,960 --> 00:32:58,840 Speaker 1: many many mayors of cities of many many prominent, very 635 00:32:58,880 --> 00:33:05,880 Speaker 1: extreme left leaning mayors of cities, UM like New York, Chicago, Washington, Philadelphia, 636 00:33:05,920 --> 00:33:09,200 Speaker 1: San Francisco, etcetera, UM say we don't care what the 637 00:33:09,280 --> 00:33:11,440 Speaker 1: laws of the land say. We don't care about the Constitution. 638 00:33:11,480 --> 00:33:13,680 Speaker 1: Even though I was sworn in the Constitution, even though 639 00:33:13,960 --> 00:33:15,880 Speaker 1: I was not only one of the constitutions, I swore 640 00:33:15,960 --> 00:33:19,640 Speaker 1: to defend it from enemies both foreign and domestic. Even 641 00:33:19,640 --> 00:33:22,960 Speaker 1: though I said that, hand on my heart, I don't 642 00:33:22,960 --> 00:33:24,840 Speaker 1: care what the law saying. I'm not gonna not gonna 643 00:33:24,880 --> 00:33:26,440 Speaker 1: defend them. And so one of those things I'm talking 644 00:33:26,440 --> 00:33:28,920 Speaker 1: about is, um, these each of those cities I named, 645 00:33:29,120 --> 00:33:31,400 Speaker 1: the mayors and governors in those states and cities have 646 00:33:31,960 --> 00:33:36,440 Speaker 1: declared them to be sanctuary cities. So we have immigration. 647 00:33:36,520 --> 00:33:39,080 Speaker 1: The United States allows people to immigrate in the United States. 648 00:33:39,080 --> 00:33:41,760 Speaker 1: The United States was built on immigration, where the great 649 00:33:41,760 --> 00:33:44,360 Speaker 1: melting Pot pretty much everybody the United States came from 650 00:33:44,400 --> 00:33:47,200 Speaker 1: another country at one point or another. Right that we're 651 00:33:47,200 --> 00:33:49,960 Speaker 1: a melting pot, and and we need immigration. I am 652 00:33:50,000 --> 00:33:53,160 Speaker 1: pro immigration. We need immigration. We're not having enough babies 653 00:33:53,200 --> 00:33:55,560 Speaker 1: to sustain our own civilization. We need to import more 654 00:33:55,960 --> 00:33:58,440 Speaker 1: or let more immigrate, and so and we do. I 655 00:33:58,480 --> 00:34:00,280 Speaker 1: believe the United States. I don't have the a date 656 00:34:00,320 --> 00:34:01,640 Speaker 1: in front of me, but I believe the United States. 657 00:34:01,720 --> 00:34:04,520 Speaker 1: Let's allow us more immigration than almost another nation out there, 658 00:34:04,520 --> 00:34:06,560 Speaker 1: and we should continue to do that. But then there's 659 00:34:06,560 --> 00:34:09,000 Speaker 1: a legal immigration, and that's where people come in illegally 660 00:34:09,000 --> 00:34:11,960 Speaker 1: and they don't come in through proper channels. And so 661 00:34:12,200 --> 00:34:14,600 Speaker 1: these these mayors and governors want to have what they 662 00:34:14,680 --> 00:34:17,040 Speaker 1: call sanctuary cities where we don't care what the laws 663 00:34:17,040 --> 00:34:19,719 Speaker 1: at lands say. Even though I agreed to stand up 664 00:34:19,719 --> 00:34:22,040 Speaker 1: with them or protect them, we're going to allow all 665 00:34:22,080 --> 00:34:24,759 Speaker 1: these illegal people just to come live here. And um, 666 00:34:24,800 --> 00:34:27,600 Speaker 1: we've been having a an invasion. We'll call it an invasion. 667 00:34:27,640 --> 00:34:32,360 Speaker 1: I believe over five million illegal immigrants came across the 668 00:34:32,360 --> 00:34:36,719 Speaker 1: border last year. And um, it's a massive taxing on 669 00:34:36,760 --> 00:34:38,720 Speaker 1: the system. Now, this is a bigger story. I should 670 00:34:38,719 --> 00:34:40,719 Speaker 1: probably do a whole hour on just on that and 671 00:34:40,840 --> 00:34:43,520 Speaker 1: why this is happening, and it's about you know, check 672 00:34:43,520 --> 00:34:46,920 Speaker 1: out George Soros and his UM, his nonprofit. You know, 673 00:34:47,000 --> 00:34:50,600 Speaker 1: open borders, open societies. It's all about flooding the system 674 00:34:50,640 --> 00:34:53,719 Speaker 1: with immigrants to crash the system. But um, you know, 675 00:34:53,840 --> 00:34:55,759 Speaker 1: to these cities. And what I saw this week is 676 00:34:56,000 --> 00:34:59,120 Speaker 1: Mayor Adams of New York City, who has a sanctuary city, 677 00:35:00,200 --> 00:35:03,120 Speaker 1: is said enough enough. He said, quote there's no more 678 00:35:03,360 --> 00:35:06,480 Speaker 1: room at the end end quote. And he said that 679 00:35:06,520 --> 00:35:09,280 Speaker 1: after learning that Colorado is the latest state that plans 680 00:35:09,280 --> 00:35:11,880 Speaker 1: to ship these illegal aliens to New York. So these 681 00:35:11,960 --> 00:35:15,360 Speaker 1: leaders saying, look, close the border, closed the border, but 682 00:35:15,360 --> 00:35:16,960 Speaker 1: but these thanks, he said, no, we don't want to 683 00:35:16,960 --> 00:35:19,360 Speaker 1: close the border. But when when all the illegal aliens 684 00:35:19,360 --> 00:35:21,520 Speaker 1: come to that city, when where it's sanctuary city, they 685 00:35:21,560 --> 00:35:23,799 Speaker 1: can't take it. And even Mayor Adams now is saying no. 686 00:35:24,360 --> 00:35:27,000 Speaker 1: Adam said, uh, he was right when he said, quote, 687 00:35:27,040 --> 00:35:28,839 Speaker 1: no city should have to make a decision if they're 688 00:35:28,840 --> 00:35:31,440 Speaker 1: going to provide for their citizens or if they're going 689 00:35:31,480 --> 00:35:34,000 Speaker 1: to deal with an onslaught of migrants and asylum seekers. 690 00:35:34,000 --> 00:35:36,240 Speaker 1: And that's right. We need to take care of the citizens, 691 00:35:36,239 --> 00:35:38,600 Speaker 1: the people that have come here legally. And again I'm all, 692 00:35:38,840 --> 00:35:42,000 Speaker 1: I'm pro immigration, people that were born here pro immigration, 693 00:35:42,040 --> 00:35:46,000 Speaker 1: et cetera. But you shouldn't have to choose. That's what 694 00:35:46,040 --> 00:35:49,919 Speaker 1: Mayor Adam said. That's his that's his quote here. Um, 695 00:35:50,000 --> 00:35:52,319 Speaker 1: the Sanctray mayors, who acknowledged their facing the crisis of 696 00:35:52,360 --> 00:35:55,160 Speaker 1: Washington's making, still can't bring themselves to call for the 697 00:35:55,280 --> 00:36:01,000 Speaker 1: real solution, which is just immigration enforcement. We allow lots 698 00:36:01,000 --> 00:36:03,040 Speaker 1: of people to come here legally. We should continue to 699 00:36:03,080 --> 00:36:06,640 Speaker 1: do that. We need to enforce the laws of the land. Now, 700 00:36:06,640 --> 00:36:08,160 Speaker 1: if you want to change the laws of land, go 701 00:36:08,280 --> 00:36:11,520 Speaker 1: change the laws of land. Otherwise you should be enforcing 702 00:36:11,520 --> 00:36:14,480 Speaker 1: the laws of land. You just swore in to protect them. 703 00:36:14,560 --> 00:36:19,000 Speaker 1: I saw another another story this week. Rhonda Santis showed uh. 704 00:36:19,040 --> 00:36:22,160 Speaker 1: He gave a speech and he said, he said, quote 705 00:36:22,160 --> 00:36:25,200 Speaker 1: Florida is proof positive that we are we the people 706 00:36:25,200 --> 00:36:28,040 Speaker 1: are not destined for a failure. And he flagged the 707 00:36:28,120 --> 00:36:31,840 Speaker 1: number one problem, um is the floundering federal establishment in 708 00:36:31,920 --> 00:36:34,960 Speaker 1: d C, which wields his authority through a spallen on account, 709 00:36:35,320 --> 00:36:40,480 Speaker 1: unaccountabilit out of touch bureaucracy. And he's proved it. California 710 00:36:40,520 --> 00:36:43,160 Speaker 1: had the most people leave the state than any other 711 00:36:43,200 --> 00:36:45,799 Speaker 1: state in the nation. Florida had the most people go 712 00:36:45,960 --> 00:36:49,080 Speaker 1: there out of any state in the nation. People are 713 00:36:49,160 --> 00:36:52,239 Speaker 1: voting with their feet. That's how we vote, with our 714 00:36:52,239 --> 00:36:55,560 Speaker 1: feet and with our money. That's exactly what's happening in 715 00:36:55,600 --> 00:36:59,680 Speaker 1: Florida's exactly what's happening with this immigration problem. People are voting, 716 00:37:00,040 --> 00:37:01,719 Speaker 1: not at the polls, which doesn't count, but with their 717 00:37:01,760 --> 00:37:03,160 Speaker 1: with their feet, with their feet in the money. And 718 00:37:03,160 --> 00:37:06,000 Speaker 1: the world is decentralizing. That's what I got. You're listening 719 00:37:06,000 --> 00:37:08,560 Speaker 1: to the Mark Moas Show talking about the decentralized revolution. 720 00:37:08,880 --> 00:37:09,640 Speaker 1: Thanks for listening.