WEBVTT - The Money in Your Bank is at Risk 0:00:00.000 --> 0:00:02.080 Hello, and welcome to another episode of The Mark Moss 0:00:02.120 --> 0:00:05.040 Show where we talk about the decentralized Revolution. Of course, 0:00:05.080 --> 0:00:06.840 I try to bring to you, you know, some big 0:00:06.880 --> 0:00:09.360 ideas to help you kind of think through things a 0:00:09.400 --> 0:00:11.360 little bit differently, so you can understand what's going on 0:00:11.400 --> 0:00:14.440 in the world today. Some of the latest breaking news 0:00:14.520 --> 0:00:17.439 headlines so you see what's happening in real time, and 0:00:17.440 --> 0:00:19.560 of course some very interesting guests, and we have all 0:00:19.560 --> 0:00:21.520 of that going on and right now I have some 0:00:21.560 --> 0:00:24.800 of the biggest headlines of the week. Now. If you're 0:00:24.800 --> 0:00:27.160 watching this instead of just listening, you can listen on 0:00:27.200 --> 0:00:29.200 the radio. Of course, you can catch it on the 0:00:29.200 --> 0:00:32.400 podcast your favorite podcast player just search Mark Moss Show. 0:00:32.760 --> 0:00:37.479 You can also watch this on the Market Disruptors YouTube channel. Uh. 0:00:37.560 --> 0:00:39.920 You might notice I'm wearing this sweatshirt with the skull 0:00:39.920 --> 0:00:45.080 and crossbones and it's from a soccer team, a football 0:00:45.120 --> 0:00:49.640 team out of London, um, the real Bedford. My friend 0:00:49.640 --> 0:00:52.880 Peter McCormick bought the team and he's trying to trying 0:00:52.880 --> 0:00:54.640 to make a run in the in the football league 0:00:54.640 --> 0:00:56.800 over there, So anyway supporting him. If you're wondering what 0:00:56.840 --> 0:00:59.280 the sweatshirt is, shout out to Peter and the real 0:00:59.320 --> 0:01:02.160 Bedford over there. Good luck to you. But anyway, back 0:01:02.160 --> 0:01:04.400 to some of the biggest breaking news, and of course, 0:01:04.720 --> 0:01:08.559 you know in this cryptocurrency space, you know, bitcoin space, 0:01:08.640 --> 0:01:10.680 financial space, whatever you want to call it, some of 0:01:10.720 --> 0:01:13.520 the biggest news going around the world, and and all 0:01:13.560 --> 0:01:16.840 of finance, mainstream, etcetera. Is of course, you know, the 0:01:16.880 --> 0:01:19.600 collapse of cryptocurrency and bitcoin. It started with you know, 0:01:19.680 --> 0:01:22.959 Celsius or really Terra Luna and Celsius and theos Capital 0:01:22.959 --> 0:01:25.360 all the way now of course to sam bankmin Freed 0:01:25.720 --> 0:01:29.560 and f t X and that saga. Man. Just like 0:01:29.600 --> 0:01:31.360 when it seems like it couldn't go any deeper, it 0:01:31.480 --> 0:01:34.520 just continues to get deeper. But you know, I've been 0:01:34.600 --> 0:01:35.920 keeping you up on a couple of these things because 0:01:35.959 --> 0:01:39.320 it's imortant. Understand if you're affected by this, and even 0:01:39.319 --> 0:01:43.400 if you're not infected, affected and not infected affected, there's 0:01:43.400 --> 0:01:47.000 still a lesson to learn. Now. I just did video 0:01:47.120 --> 0:01:51.800 on my YouTube channel, Mark Moss YouTube channel talking about 0:01:51.840 --> 0:01:55.400 the money in your bank is at risk, it's not 0:01:55.520 --> 0:01:58.440 protected like you think it is, and um, what's happening 0:01:58.440 --> 0:02:01.600 in the cryptocurrency space. He helps us to understand it. 0:02:02.080 --> 0:02:04.120 What's happening in the cryptocurrency space. What happened with f 0:02:04.240 --> 0:02:08.200 t X and Celsius is a small little microcosm that's 0:02:08.200 --> 0:02:10.080 easy for us to kind of get our head around understand, 0:02:10.240 --> 0:02:11.760 and it helps us to understand what's going on in 0:02:11.760 --> 0:02:14.360 the bigger world. Uh. In a video I did talking 0:02:14.400 --> 0:02:16.399 about the ft X and how they use this fake 0:02:16.440 --> 0:02:18.760 token f t T and kind of create this fake value. 0:02:19.080 --> 0:02:21.080 And I explain now that you understand that it's very 0:02:21.080 --> 0:02:24.400 easy to understand that way. Now they understand that it's 0:02:24.440 --> 0:02:31.320 exactly how Japan is with their Japanese yen token, and 0:02:31.360 --> 0:02:34.359 it's even what's gonna happen in the United States and 0:02:34.400 --> 0:02:36.600 the FED with the dollar token. And so when you 0:02:36.680 --> 0:02:38.919 understand that little level, it starts to help you understand 0:02:38.919 --> 0:02:40.880 what's having on a bigger level. Am Uh. This video 0:02:40.880 --> 0:02:43.840 I made about the money in your bank not being safe, um, 0:02:43.880 --> 0:02:45.960 and even if you have fd C interns helps you 0:02:46.040 --> 0:02:48.119 understand if you can understand this first. So a couple 0:02:48.120 --> 0:02:49.480 of things I want to talk about in regards to 0:02:49.520 --> 0:02:53.840 that is the former Celsius CEO Mashinsky was sued by 0:02:53.880 --> 0:02:56.800 New York State for de Friday and investors. The State 0:02:57.040 --> 0:03:01.680 of New York General Attorney General Tedia James accused him 0:03:01.680 --> 0:03:04.320 of misleading investors because he kept going on and on 0:03:04.360 --> 0:03:06.720 and on even up to the very end, about how 0:03:06.720 --> 0:03:09.280 safe it was, and however one should give him his money, 0:03:09.720 --> 0:03:12.720 and he was defrauding hundreds of thousands of investors by 0:03:12.840 --> 0:03:16.480 making these false statements encouraging to keep money coming in 0:03:17.560 --> 0:03:20.720 UM promising and financial freedom, and instead lead him to 0:03:20.800 --> 0:03:24.400 financial ruin. Anyway, good luck with that. You don't get 0:03:24.400 --> 0:03:26.040 blood out of a turnip. And I don't know, they'll 0:03:26.040 --> 0:03:27.920 sue him and they'll win, but how much money they 0:03:27.919 --> 0:03:29.400 gonna get. But more importantly, what I want to talk 0:03:29.400 --> 0:03:32.920 about is UM a bankruptcy judge. So Celsius assets are 0:03:32.919 --> 0:03:36.240 in bankruptcy, and a bankruptcy judge just ruled this week 0:03:36.880 --> 0:03:41.360 that UM customers that had money into the earned products, 0:03:41.360 --> 0:03:43.520 so you could park your cryptocurrency there and earn yield 0:03:43.560 --> 0:03:45.920 on it, or you could borrow against it. And the 0:03:46.120 --> 0:03:48.680 and and the users that had money there went to 0:03:48.680 --> 0:03:52.040 the bankruptcy court and file the petition and they said, hey, UM, 0:03:52.080 --> 0:03:54.440 that is our money, it's not their money, right, and 0:03:54.440 --> 0:03:57.160 so that should not be held up in this bankruptcy, 0:03:57.160 --> 0:03:59.560 they need to release that to us, and and the 0:03:59.600 --> 0:04:02.960 bankrupt judge said no, they said the platform customers do 0:04:03.080 --> 0:04:07.680 not own their assets. The judge, Martin Glenn, said that 0:04:07.720 --> 0:04:10.720 celsius terms of condition in terms of service made it 0:04:10.760 --> 0:04:13.720 clear it took possession of crypto assets deposited into its 0:04:13.720 --> 0:04:18.440 earned product and that allows Celsius to retain control over 0:04:18.480 --> 0:04:21.240 the assets in its earn account and will have ramifications 0:04:21.320 --> 0:04:26.440 for other cryptocurrency investors using similar products across other platforms. 0:04:26.760 --> 0:04:29.040 And so if you had money on Voyage or Block 0:04:29.120 --> 0:04:32.200 five or f t X, this matters to you. And 0:04:32.240 --> 0:04:33.880 it also matters if you have money in a bank, 0:04:34.480 --> 0:04:36.360 all right, because what happens is is what they're saying 0:04:36.400 --> 0:04:39.120 is it's the issue of ownership. It's the issue of 0:04:39.160 --> 0:04:42.400 ownership and its contract law. That's what happens is when 0:04:42.440 --> 0:04:46.520 you gave that to Celsius, that is no longer your money, 0:04:46.560 --> 0:04:48.039 or you gave it to block Fire, you gave it 0:04:48.080 --> 0:04:52.080 to whatever, it was no longer your money. So that's 0:04:52.080 --> 0:04:54.240 why the bankruptcy judge said, no, you don't get that 0:04:54.279 --> 0:04:57.000 back now. If you had money sitting in a wallet there, 0:04:57.320 --> 0:05:00.159 it was not in an earn account or in a 0:05:00.200 --> 0:05:03.400 borrow account. If it was in a wallet, that's something different. 0:05:04.040 --> 0:05:07.360 Potentially they're saying that they're still going to give that back. Generally, 0:05:07.600 --> 0:05:11.960 wallet funds are treated as belonging to the users. But 0:05:12.080 --> 0:05:13.719 what does this have to do with block Fi and 0:05:13.839 --> 0:05:16.960 ft X and even Wells Fargo or JP Morgan. Well, technically, 0:05:17.000 --> 0:05:19.480 with your bank, when you give them that money, it's 0:05:19.560 --> 0:05:23.359 not your money anymore. They owe it to you. And 0:05:23.400 --> 0:05:25.680 the reason why that's important is back to contract law. 0:05:26.520 --> 0:05:29.400 So in a bankruptcy event, in an insolvency event, if 0:05:29.440 --> 0:05:32.520 your bank goes bankrupt like Celsius or like f t 0:05:32.760 --> 0:05:36.960 X did, then the assets of the bank or coin 0:05:37.000 --> 0:05:39.800 based or Celsius or block fire, whatever go into receivership. 0:05:39.839 --> 0:05:42.599 They go into bankruptcy. And in the bankruptcy and the 0:05:42.640 --> 0:05:45.760 receivership they try to figure out, okay, well, who's old one, 0:05:45.800 --> 0:05:46.960 and how much money do we have, and how do 0:05:47.000 --> 0:05:50.320 we divv you depp, and who gets the money first? 0:05:50.400 --> 0:05:55.839 And who gets the money last? And the unsecured creditors 0:05:55.880 --> 0:05:57.800 get money last, which is why I know bank will 0:05:57.839 --> 0:06:02.599 give you an unsecured loan right, And so when you 0:06:02.680 --> 0:06:05.159 give your money to the bank, it's not your money. 0:06:05.200 --> 0:06:08.120 You don't own it anymore. They owe it to you, 0:06:08.200 --> 0:06:11.719 and you're an unsecured creditor, which means you will get 0:06:11.760 --> 0:06:16.159 your money last, which is exactly what happened here. They're saying, Hey, nope, 0:06:16.440 --> 0:06:18.960 you don't have the money. You gave it to the company. 0:06:19.320 --> 0:06:21.680 And so unfortunately, if you're in one of those accounts 0:06:21.720 --> 0:06:25.080 with Block five or f t X or whatever, you're 0:06:25.120 --> 0:06:27.960 probably in the same boat. If it's in a wallet, 0:06:28.080 --> 0:06:29.840 you might be better off. But like I said, even 0:06:29.920 --> 0:06:31.920 if it's in a traditional bank, you have that. Now, Mark, 0:06:31.960 --> 0:06:34.760 what about f D? I see what about fd? I see? Well, 0:06:34.760 --> 0:06:36.120 if you'd like to find out my thoughts on that, 0:06:36.160 --> 0:06:38.240 go check out all my main YouTube channel. Just search 0:06:38.279 --> 0:06:40.479 Mark Moss and you'll find out what I have to 0:06:40.480 --> 0:06:43.880 say about f D. I see now onto f t X. 0:06:44.200 --> 0:06:47.640 Before Sam bankman Fried got arrested. Finally, Um, he's got 0:06:47.680 --> 0:06:51.000 a tough road head. And he went and declared not guilty, 0:06:51.080 --> 0:06:54.200 which is pretty amazing. It doesn't rule out the possibility 0:06:54.200 --> 0:06:56.800 that probably what he's doing is maybe trying to negotiate 0:06:56.839 --> 0:06:58.520 a deal, some sort of a guilty plea deal. So 0:06:58.520 --> 0:07:00.680 he said not guilty and in the state will come 0:07:00.680 --> 0:07:02.320 back and maybe they could try to kind of make 0:07:02.360 --> 0:07:07.480 some deal. But the other people you know about, Caroline Ellison, 0:07:07.480 --> 0:07:10.080 who was the CEO of Alameda, the sister company, and 0:07:10.240 --> 0:07:13.000 f t X co founder Gary Wayne have already entered 0:07:13.000 --> 0:07:17.160 guilty please, and they have entered guilty pleas to cooperate 0:07:17.360 --> 0:07:20.000 against Sam Bankman Freeze. It doesn't look really good. I'm 0:07:20.000 --> 0:07:22.440 not exactly sure what's going on. But more importantly, what 0:07:22.480 --> 0:07:25.320 I'm interested in is, of course all of this fraud 0:07:25.360 --> 0:07:28.720 that's going on specifically in the political realm. And what 0:07:28.800 --> 0:07:31.080 we know is that Sam bankman Fried kind of started 0:07:31.120 --> 0:07:33.880 f t X to give all this money to the 0:07:33.880 --> 0:07:37.400 Democratic Party and it became this massive contributor to the 0:07:37.400 --> 0:07:42.040 Democratic Party. And um, what's interesting is that now they 0:07:42.080 --> 0:07:46.600 say that there's allegations of criminal violations of campaign finance laws, 0:07:47.040 --> 0:07:49.720 and they go beyond the basic fact that SPF you 0:07:49.880 --> 0:07:53.440 stolen customer funds to make these contributions. Damian Williams, the 0:07:53.520 --> 0:07:56.880 United States Attorney in Manhattan, said that he made SPF 0:07:56.960 --> 0:07:59.640 made a legal campaign contributions totally in the tens of 0:07:59.720 --> 0:08:03.560 millions of dollars and disguise them. He tried to hide 0:08:03.600 --> 0:08:08.160 them as they were coming from wealthy co conspirators, co 0:08:08.160 --> 0:08:12.880 conspiratory conspiracy, conspiracy. In other words, sbf uz straw downers 0:08:12.920 --> 0:08:16.600 to conceal the source of these campaign contributions to evade 0:08:17.280 --> 0:08:21.080 federal laws and limits. So who are these people? And 0:08:21.120 --> 0:08:24.720 more importantly, tens of millions of dollars on top of 0:08:24.760 --> 0:08:27.360 the forty million we already know about, which will make 0:08:27.400 --> 0:08:32.199 this the largest campaign fraud case in history. And even 0:08:32.280 --> 0:08:34.960 more interesting, we know that he was the second largest 0:08:35.080 --> 0:08:40.280 donor to the Joe Biden campaign in so how much 0:08:40.280 --> 0:08:43.600 of that five point two million plus other strong campaign 0:08:43.920 --> 0:08:48.559 donations went to Biden that were illegal? Oh, this is 0:08:48.600 --> 0:08:50.439 going to be interesting, and don't worry, I'm gonna keep 0:08:50.440 --> 0:08:52.240 you up to date on this. The one thing that 0:08:52.400 --> 0:08:55.520 should be more abundantly clear than ever is if you 0:08:55.559 --> 0:08:57.640 don't hold it, you don't own it. With bitcoin, we 0:08:57.720 --> 0:09:00.720 say not your keys, not your coins. If you have 0:09:00.800 --> 0:09:03.520 them on coin base or Celsius or Block five or 0:09:03.679 --> 0:09:06.800 f t x and not in your own wallet, you 0:09:06.840 --> 0:09:09.320 don't own them. And so now is the time to 0:09:09.480 --> 0:09:12.679 get them off of the exchange and put them in 0:09:12.679 --> 0:09:15.280 a hardware wallet, a hardware wallet like treads or or 0:09:15.360 --> 0:09:18.000 a Ledger or cold card and you can store yourself. 0:09:18.240 --> 0:09:19.839 If you're just tune in, you're listening to the Mark 0:09:19.960 --> 0:09:22.320 mo Show talking about some of the latest breaking news. 0:09:22.360 --> 0:09:25.520 This week's highlight, the decentralized revolution we're going through. I 0:09:25.559 --> 0:09:27.079 got a whole lot more to cover when I come back. 0:09:27.080 --> 0:09:28.960 You don't want to miss it. I'll be right back, 0:09:29.559 --> 0:09:32.400 all right, Hello, and welcome back. You are listening to 0:09:32.559 --> 0:09:34.200 the Mark Mars Show. If you're just tuning in. Of course, 0:09:34.240 --> 0:09:37.400 we're talking about the decentralized revolution, talking about some of 0:09:37.400 --> 0:09:40.640 the latest breaking news this week that shows us it's 0:09:40.640 --> 0:09:43.720 the signpost to show that we are going through this 0:09:43.800 --> 0:09:46.640 decentralized revolution. The world is changing, of course, like I 0:09:46.679 --> 0:09:49.240 always say, right before our very eyes, and I talked about, 0:09:49.360 --> 0:09:53.479 you know, the pendulum swinging from centralization and back to decentralization. 0:09:53.520 --> 0:09:56.000 Of course, we see that we're at peak centralization with 0:09:56.480 --> 0:10:02.920 a unipolar world, US dominance, the US dollar dominance, the 0:10:02.960 --> 0:10:07.079 homogeney um as it's called, and the world is now 0:10:07.120 --> 0:10:10.400 breaking apart into a multipolar world. And of course we 0:10:10.440 --> 0:10:13.600 can see that happening all over the place. This era, 0:10:13.760 --> 0:10:16.120 this period of peace that we've known for the last 0:10:16.240 --> 0:10:20.480 one forty fifty years is it's coming to an end. 0:10:20.880 --> 0:10:22.640 I've say it over and over. The world we're going 0:10:22.679 --> 0:10:25.439 into is not the same as the world that we've 0:10:25.520 --> 0:10:28.120 left behind. The last forty or fifty years is an 0:10:28.160 --> 0:10:31.320 anomaly when you look through thousands of years of history, 0:10:31.720 --> 0:10:34.400 the last forty or fifty years is an anomaly. It's 0:10:34.520 --> 0:10:36.679 not the way things always are, and it's not the 0:10:36.720 --> 0:10:39.800 way things will always be. And of course, as I said, 0:10:39.840 --> 0:10:41.720 we can see that the pendulum is starting to swing 0:10:41.760 --> 0:10:44.840 back to decentralization and this is a massive signpost. And 0:10:44.880 --> 0:10:46.640 some of this is that you can see the world 0:10:46.720 --> 0:10:50.560 is breaking apart into this multipolar world instead of one 0:10:51.200 --> 0:10:54.520 uh homogeney power that that runs and controls everything. We're 0:10:54.640 --> 0:10:57.839 probably going to have multiple zones. In the beginning, it 0:10:57.880 --> 0:11:00.200 is probably gonna go into like three zones. Eventually, I 0:11:00.240 --> 0:11:02.920 believe that we might settled with four or five different zones. 0:11:04.200 --> 0:11:06.679 And we can see it happening, and I believe is 0:11:06.720 --> 0:11:09.440 going to be a very, very big year for it. 0:11:09.679 --> 0:11:12.920 While the United States is all in with the Russia 0:11:13.120 --> 0:11:16.480 Ukraine situation. Uh, in my opinion, you know, the United 0:11:16.480 --> 0:11:19.480 States really trying to push hard onto Russia because they 0:11:19.559 --> 0:11:23.920 understand the threat that Russia poses um into this multipolar 0:11:23.960 --> 0:11:27.560 world using the Ukraine as this uh you know, proxy 0:11:27.600 --> 0:11:30.560 to fight this war. We have lots of other areas 0:11:30.559 --> 0:11:34.160 of conflict popping up, Taiwan, when China, we got North Korea, 0:11:34.240 --> 0:11:39.319 we have Iran, Palestine, all potential flashpoints that could potentially 0:11:39.640 --> 0:11:42.400 cause a problem in two thousand and twenty three. Now, 0:11:43.080 --> 0:11:45.360 like I said, we've kind of been all in on 0:11:45.440 --> 0:11:48.120 Russia Ukraine, but you know, there's lots of other things 0:11:48.120 --> 0:11:49.800 going on in the world that just maybe we don't 0:11:49.840 --> 0:11:55.520 get involved in. We have you know, Minimar, Yemen, Molly, Nicaragua, 0:11:55.920 --> 0:11:59.760 Republic of Congo, Somalia, Afghanistan, all types of crisis is 0:11:59.800 --> 0:12:05.040 going on. But there's three geopolitical battlegrounds that you need 0:12:05.080 --> 0:12:08.280 to keep your eye on. Fore, and this continues to 0:12:08.320 --> 0:12:10.360 show the world breaking apartment. What does it mean if 0:12:10.400 --> 0:12:13.160 the world breaks apart? Well, it means again, like I said, 0:12:13.160 --> 0:12:15.360 the world will be different. How it will be different, Well, 0:12:15.440 --> 0:12:18.800 we'll have a lot less global cooperation. What does that mean? Well, 0:12:18.840 --> 0:12:21.160 that means are just in time, supply chains don't work 0:12:21.200 --> 0:12:23.440 as good anymore. Okay, what does that mean? It means 0:12:23.480 --> 0:12:26.320 we don't have as many products and services, especially at 0:12:26.360 --> 0:12:28.520 good prices anymore. Okay, what does that mean? Let me 0:12:28.600 --> 0:12:30.320 prices go up? Okay, what does that mean? That means 0:12:30.360 --> 0:12:33.960 your quality of life goes down if you start thinking 0:12:34.000 --> 0:12:38.040 through these things. Three geopolitical battlegrounds in particular, maybe hard 0:12:38.080 --> 0:12:42.160 to ignore China, China and Asia. We have the Middle 0:12:42.160 --> 0:12:44.120 East situation, and of course, and we have the Russia 0:12:44.520 --> 0:12:47.600 Ukraine and really the U US Europe pretensions as well. 0:12:47.679 --> 0:12:50.640 The US and Europe are fighting, and so what's going 0:12:50.720 --> 0:12:53.800 to happen. It's it's happening really quick. We can see 0:12:54.080 --> 0:12:57.040 China is really really ramping up its military efforts and 0:12:57.080 --> 0:13:00.800 putting a kind of a display to tie on. And 0:13:00.840 --> 0:13:04.800 at the same time, we see Japan starting to shift, 0:13:04.840 --> 0:13:09.319 and we see Japan has now uh shifted. It's changed 0:13:09.760 --> 0:13:12.800 since it's since about after World War Two. It moved 0:13:12.800 --> 0:13:16.320 into like this pacifist transition. And now Japan has decided 0:13:16.400 --> 0:13:20.040 to double its defense spending, taking it from I believe 0:13:20.240 --> 0:13:22.320 ninth in the world in defense spending all the way 0:13:22.360 --> 0:13:25.760 up to number three in defense spending. So Japan is 0:13:25.760 --> 0:13:28.800 getting ready for something like what are they getting ready for? 0:13:29.640 --> 0:13:31.880 We can see that like I said, China is really 0:13:31.920 --> 0:13:36.840 aggressively building out its military reach. Um they're saying President g. 0:13:36.840 --> 0:13:39.760 G Mping is saying in this year, potentially in the 0:13:39.800 --> 0:13:45.400 next sixty days, could make a move on Taiwan. Could 0:13:45.440 --> 0:13:51.280 the US handle the Ukraine situation and the Taiwan situation 0:13:51.360 --> 0:13:54.440 at the same time, It would probably very difficult. We 0:13:54.520 --> 0:13:56.880 know that General Mark Millye, chairman of the U S 0:13:56.960 --> 0:14:00.640 Joint Chiefs of Staffs, recently suggested that you Krane should 0:14:00.720 --> 0:14:05.240 probably consider peace talks, maybe because he understands, shoot, we 0:14:05.280 --> 0:14:09.600 should probably get that put away so we can address 0:14:09.640 --> 0:14:11.400 some of these other things that we have going on. 0:14:12.600 --> 0:14:15.439 But this Ukraine situation is not only taking up all 0:14:15.440 --> 0:14:17.920 our time, our focus, our effort, our energy, put our money. 0:14:17.960 --> 0:14:21.160 Of course, in this massive omnibus bill, I think another 0:14:21.200 --> 0:14:24.160 forty five billion we're being sent to Ukraine. I believe 0:14:24.240 --> 0:14:27.560 now a hundred billion dollars have been sent to Ukraine 0:14:27.600 --> 0:14:30.840 in the last ten months just by the US, not 0:14:30.960 --> 0:14:34.240 including the other countries that are sending Ukraine aid, compared 0:14:34.280 --> 0:14:38.480 to about sixty billion that Russias spent. So the US 0:14:38.520 --> 0:14:42.720 has given Ukraine almost double what Russia has spent. And 0:14:42.760 --> 0:14:46.280 that's just on the U s alone. But it's not 0:14:46.320 --> 0:14:49.040 just Mark Milly, General Mark Milly that's talking about this. 0:14:49.080 --> 0:14:53.160 We see other high level people. We see uh uh, 0:14:53.200 --> 0:14:56.440 Anthony Blincoln, he's the Secretary of State. Anthony Blincoln held 0:14:56.480 --> 0:14:58.800 a press conference just a couple of days before Christmas, 0:14:59.360 --> 0:15:01.200 and you know, when you listen to what he said 0:15:01.200 --> 0:15:04.080 and you kind of parse it out, he says that 0:15:04.760 --> 0:15:10.040 it looks like the administration is not capable of handling 0:15:10.200 --> 0:15:14.040 multiple foreign policies at once. He said, quote, when it 0:15:14.080 --> 0:15:17.440 comes to Russia's war against Ukraine, if we were still 0:15:17.480 --> 0:15:21.280 in Afghanistan, it would have I think made much more 0:15:21.400 --> 0:15:24.680 complicated the support that we've been able to give and 0:15:24.720 --> 0:15:27.200 that others have been able to give Ukraine to resist 0:15:27.200 --> 0:15:30.000 and push back against the Russian aggression. So you're saying, 0:15:30.160 --> 0:15:32.480 if we were still an Afghanistan, we no way we 0:15:32.480 --> 0:15:34.600 would have been able to do all this um work 0:15:34.640 --> 0:15:37.880 and effort with Ukraine. I mean, we've given so many 0:15:38.000 --> 0:15:40.560 weapons to Ukraine, so many long range missiles, that we 0:15:40.640 --> 0:15:44.080 are depleting our supply. You can't supply two countries the same. 0:15:44.080 --> 0:15:45.680 We don't even have enough to give them and keep 0:15:45.800 --> 0:15:49.120 what we need. So that's exactly what he's saying He's like, 0:15:49.160 --> 0:15:50.720 there's no way we would be able to do that 0:15:50.760 --> 0:15:54.800 if we were still in Ukraine. And so this is 0:15:54.840 --> 0:15:56.920 interesting something to definitely keep an eye on, and it 0:15:57.000 --> 0:15:59.040 is something that I believe will continue through the rest 0:15:59.080 --> 0:16:02.920 of the decade. Tensions will continue to rage, the world 0:16:02.960 --> 0:16:05.280 will continue to get more divided. And that's why I've 0:16:05.320 --> 0:16:07.440 said over and over, I believe that inflation, while it's 0:16:07.440 --> 0:16:11.120 come down a little bit and came down from nine 0:16:11.120 --> 0:16:13.920 to seven, all right, Um so now inste of three 0:16:14.520 --> 0:16:18.480 six dollars a months, you're losing now, Uh, But I 0:16:18.520 --> 0:16:20.480 believe it's some of the lowest inflation will see for 0:16:20.480 --> 0:16:22.640 the decade. Because I believe this continues to get exaggerated 0:16:22.680 --> 0:16:25.920 and supply chains continue to struggle, and free trade continues 0:16:26.000 --> 0:16:29.880 to fall. And uh, we're re on shoring a lot 0:16:29.960 --> 0:16:33.440 of manufacturing near shoring, bringing it closer to the shore, 0:16:33.720 --> 0:16:35.560 and lots of things. One of the things that we're 0:16:35.600 --> 0:16:38.360 re on shoring is our chip manufacturing. Of course, the 0:16:38.400 --> 0:16:42.560 Biden administration put together this massive stimulus package to onshore 0:16:43.280 --> 0:16:47.480 micro chips semiconductor manufacturing in the United States. And when 0:16:47.480 --> 0:16:50.080 he did that, we have Taiwan, which manufactures the most 0:16:50.160 --> 0:16:53.320 high tech chips in the world are t SMC is 0:16:53.320 --> 0:16:57.960 now building their chip production plants here in the United States. 0:17:00.040 --> 0:17:02.720 Of course, China wants to move on Taiwan partly to 0:17:02.760 --> 0:17:05.639 get those semiconductors, and so that's gonna be an interesting thing. 0:17:05.720 --> 0:17:07.800 China is basically dead in the water. The Biden administration 0:17:07.880 --> 0:17:13.200 shut down made illegal for China to even have Tier 0:17:13.240 --> 0:17:16.520 two and Tier three microchips and semiconductors, which means they 0:17:16.560 --> 0:17:19.159 are basically knocked back almost to the Dark Ages, not 0:17:19.200 --> 0:17:23.719 the Dark Ages, but certainly the eighties at least, and 0:17:23.760 --> 0:17:27.320 so that only agitates China even more. And this is 0:17:27.320 --> 0:17:29.120 something to keep an eye on. That's why I bring 0:17:29.119 --> 0:17:32.120 it to your attention. We are witnessing the decentralized revolution, 0:17:32.520 --> 0:17:34.439 and this is showing us what's happening now. If you're 0:17:34.480 --> 0:17:36.280 just tuning in you're listening to the Markmas Show. Of course, 0:17:36.280 --> 0:17:38.800 we talk about the decentralized revolutions each and every week. 0:17:39.119 --> 0:17:42.120 And I look at through the lens of politics, finance, 0:17:42.480 --> 0:17:46.639 and technology, where those three converges where we should be looking, 0:17:46.720 --> 0:17:49.240 because that's how we have context to what's going on. 0:17:49.280 --> 0:17:51.960 We're not looking at politics for politics sake. But we're 0:17:52.000 --> 0:17:55.479 looking at those three converging together so we can understand 0:17:55.520 --> 0:17:59.639 the world and understand how to maneuver to keep our wealth, 0:17:59.720 --> 0:18:02.280 grow our wealth, and our freedom. I got a whole 0:18:02.280 --> 0:18:04.560 lot more to cover. This week was busy, so don't 0:18:04.560 --> 0:18:06.439 go away. I'm gonna come back in just a minute 0:18:06.440 --> 0:18:08.159 with more. You don't want to miss it, all right, 0:18:08.200 --> 0:18:09.919 welcome back. If you're just tuning in, you're listening to 0:18:10.000 --> 0:18:12.760 the Mark Moa Show. We're talking about the decentralized revolution, 0:18:12.760 --> 0:18:14.840 of course, each and every week, and we're looking through 0:18:14.880 --> 0:18:17.680 some of the biggest news headlines this week that show 0:18:17.800 --> 0:18:20.720 us just exactly how this world is changing, of course, 0:18:20.760 --> 0:18:23.359 so you can survive and thrive, build, grow and protect 0:18:23.359 --> 0:18:26.960 your wealth, your financial sovereignty, your freedom, and your sovereignty. 0:18:27.000 --> 0:18:30.440 Of course, money gives us options, and we need options. 0:18:30.480 --> 0:18:35.240 We need optionality in a world that's increasingly becoming more uncertain. 0:18:35.720 --> 0:18:39.119 Uncertainty is beat by optionality. That's what money gives us. 0:18:39.560 --> 0:18:43.399 Now I'm seeing some some you know, some some bad 0:18:43.440 --> 0:18:46.800 news coming out regarding the economy, and like I said, 0:18:47.080 --> 0:18:49.000 you know, I want to help you build, grow and 0:18:49.000 --> 0:18:51.600 protect your wealth, and you need to understand what's going 0:18:51.640 --> 0:18:56.439 on you know, and a lot of talk about recession coming, 0:18:56.600 --> 0:19:00.320 and we're seeing lots of indicators about that. As a 0:19:00.359 --> 0:19:05.160 matter of fact, um, the experts, the economists, the experts, 0:19:05.200 --> 0:19:08.280 Wall Street, etcetera, which have been wrong almost every step 0:19:08.280 --> 0:19:11.520 of the way, by the way, but they are saying 0:19:11.560 --> 0:19:14.439 that things are not looking good. That is not looking good. 0:19:14.480 --> 0:19:17.120 As a matter of fact, we can see um. According 0:19:17.119 --> 0:19:20.480 to Bloomberg, forecasters surveyed by the Federal Reserve Bank of 0:19:20.520 --> 0:19:23.640 Philadelphia put the probability of a downturn in the next 0:19:23.640 --> 0:19:27.920 four quarters at more than that's the highest reading since 0:19:28.040 --> 0:19:32.959 at least ninety economists that were pulled by Bloomberg I 0:19:33.000 --> 0:19:35.480 saw the chance of a of a of a recession 0:19:35.480 --> 0:19:41.360 in three at sixty five, and Bloomberg's own models put 0:19:41.480 --> 0:19:47.480 the recession risk at one hundred percent. So between ort 0:19:47.840 --> 0:19:51.760 but even at that's the highest reading since ninety The 0:19:51.880 --> 0:19:55.320 chance of us having a reception are I'm not gonna 0:19:55.320 --> 0:19:57.879 say the percent like Bloomberg, but they're extremely high. So 0:19:57.920 --> 0:20:00.600 what does that mean to you? What that mean if 0:20:00.600 --> 0:20:03.840 the economy goes into recession, Well, a couple of things 0:20:03.840 --> 0:20:05.360 that you need to understand and a couple of things 0:20:05.359 --> 0:20:07.119 that you need to understand so you can protect yourself 0:20:07.200 --> 0:20:10.159 is that you know, there's the there's the economy going 0:20:10.200 --> 0:20:12.800 into recession, and then there's your your own personal wealth, 0:20:13.680 --> 0:20:15.359 and I want to make sure you're protected with your 0:20:15.400 --> 0:20:18.720 personal wealth. Um, it says that right. You know, of course, 0:20:18.720 --> 0:20:22.040 consumers are the ones that keep the economy afloat. Right, 0:20:22.040 --> 0:20:24.680 Consumers spend money into the economy. You go buy food, 0:20:24.760 --> 0:20:27.520 you go by you know, gasoline, you get services, et cetera. 0:20:27.600 --> 0:20:31.800 Consumer spending makes up about seventy percent of the economy. 0:20:31.840 --> 0:20:34.119 So it's a super important data point if if consumers, 0:20:34.119 --> 0:20:36.600 if you and I are broke, then we don't have 0:20:36.600 --> 0:20:38.720 money to spend that sevent in the economy. And of 0:20:38.720 --> 0:20:42.440 course Jerome Powell the Federal Reserve has been very upfront, 0:20:42.720 --> 0:20:45.399 very honest, telling all of us over and over and 0:20:45.440 --> 0:20:49.919 over that his goal is to crush demand, meaning he 0:20:49.960 --> 0:20:51.920 wants to make there's no more demand to buy products, 0:20:51.960 --> 0:20:55.240 meaning everybody's broke. So his goal is to crush demand 0:20:55.240 --> 0:20:59.200 by making you broke, reverse wealth effect. Your retirement account 0:20:59.240 --> 0:21:01.280 gets cut in half, your home value is cut in half, 0:21:01.359 --> 0:21:06.080