Speaker 1: Hello, and welcome to another episode of The Mark Moss
Speaker 1: Show where we talk about the decentralized Revolution. Of course,
Speaker 1: I try to bring to you, you know, some big
Speaker 1: ideas to help you kind of think through things a
Speaker 1: little bit differently, so you can understand what's going on
Speaker 1: in the world today. Some of the latest breaking news
Speaker 1: headlines so you see what's happening in real time, and
Speaker 1: of course some very interesting guests, and we have all
Speaker 1: of that going on and right now I have some
Speaker 1: of the biggest headlines of the week. Now. If you're
Speaker 1: watching this instead of just listening, you can listen on
Speaker 1: the radio. Of course, you can catch it on the
Speaker 1: podcast your favorite podcast player just search Mark Moss Show.
Speaker 1: You can also watch this on the Market Disruptors YouTube channel. Uh.
Speaker 1: You might notice I'm wearing this sweatshirt with the skull
Speaker 1: and crossbones and it's from a soccer team, a football
Speaker 1: team out of London, um, the real Bedford. My friend
Speaker 1: Peter McCormick bought the team and he's trying to trying
Speaker 1: to make a run in the in the football league
Speaker 1: over there, So anyway supporting him. If you're wondering what
Speaker 1: the sweatshirt is, shout out to Peter and the real
Speaker 1: Bedford over there. Good luck to you. But anyway, back
Speaker 1: to some of the biggest breaking news, and of course,
Speaker 1: you know in this cryptocurrency space, you know, bitcoin space,
Speaker 1: financial space, whatever you want to call it, some of
Speaker 1: the biggest news going around the world, and and all
Speaker 1: of finance, mainstream, etcetera. Is of course, you know, the
Speaker 1: collapse of cryptocurrency and bitcoin. It started with you know,
Speaker 1: Celsius or really Terra Luna and Celsius and theos Capital
Speaker 1: all the way now of course to sam bankmin Freed
Speaker 1: and f t X and that saga. Man. Just like
Speaker 1: when it seems like it couldn't go any deeper, it
Speaker 1: just continues to get deeper. But you know, I've been
Speaker 1: keeping you up on a couple of these things because
Speaker 1: it's imortant. Understand if you're affected by this, and even
Speaker 1: if you're not infected, affected and not infected affected, there's
Speaker 1: still a lesson to learn. Now. I just did video
Speaker 1: on my YouTube channel, Mark Moss YouTube channel talking about
Speaker 1: the money in your bank is at risk, it's not
Speaker 1: protected like you think it is, and um, what's happening
Speaker 1: in the cryptocurrency space. He helps us to understand it.
Speaker 1: What's happening in the cryptocurrency space. What happened with f
Speaker 1: t X and Celsius is a small little microcosm that's
Speaker 1: easy for us to kind of get our head around understand,
Speaker 1: and it helps us to understand what's going on in
Speaker 1: the bigger world. Uh. In a video I did talking
Speaker 1: about the ft X and how they use this fake
Speaker 1: token f t T and kind of create this fake value.
Speaker 1: And I explain now that you understand that it's very
Speaker 1: easy to understand that way. Now they understand that it's
Speaker 1: exactly how Japan is with their Japanese yen token, and
Speaker 1: it's even what's gonna happen in the United States and
Speaker 1: the FED with the dollar token. And so when you
Speaker 1: understand that little level, it starts to help you understand
Speaker 1: what's having on a bigger level. Am Uh. This video
Speaker 1: I made about the money in your bank not being safe, um,
Speaker 1: and even if you have fd C interns helps you
Speaker 1: understand if you can understand this first. So a couple
Speaker 1: of things I want to talk about in regards to
Speaker 1: that is the former Celsius CEO Mashinsky was sued by
Speaker 1: New York State for de Friday and investors. The State
Speaker 1: of New York General Attorney General Tedia James accused him
Speaker 1: of misleading investors because he kept going on and on
Speaker 1: and on even up to the very end, about how
Speaker 1: safe it was, and however one should give him his money,
Speaker 1: and he was defrauding hundreds of thousands of investors by
Speaker 1: making these false statements encouraging to keep money coming in
Speaker 1: UM promising and financial freedom, and instead lead him to
Speaker 1: financial ruin. Anyway, good luck with that. You don't get
Speaker 1: blood out of a turnip. And I don't know, they'll
Speaker 1: sue him and they'll win, but how much money they
Speaker 1: gonna get. But more importantly, what I want to talk
Speaker 1: about is UM a bankruptcy judge. So Celsius assets are
Speaker 1: in bankruptcy, and a bankruptcy judge just ruled this week
Speaker 1: that UM customers that had money into the earned products,
Speaker 1: so you could park your cryptocurrency there and earn yield
Speaker 1: on it, or you could borrow against it. And the
Speaker 1: and and the users that had money there went to
Speaker 1: the bankruptcy court and file the petition and they said, hey, UM,
Speaker 1: that is our money, it's not their money, right, and
Speaker 1: so that should not be held up in this bankruptcy,
Speaker 1: they need to release that to us, and and the
Speaker 1: bankrupt judge said no, they said the platform customers do
Speaker 1: not own their assets. The judge, Martin Glenn, said that
Speaker 1: celsius terms of condition in terms of service made it
Speaker 1: clear it took possession of crypto assets deposited into its
Speaker 1: earned product and that allows Celsius to retain control over
Speaker 1: the assets in its earn account and will have ramifications
Speaker 1: for other cryptocurrency investors using similar products across other platforms.
Speaker 1: And so if you had money on Voyage or Block
Speaker 1: five or f t X, this matters to you. And
Speaker 1: it also matters if you have money in a bank,
Speaker 1: all right, because what happens is is what they're saying
Speaker 1: is it's the issue of ownership. It's the issue of
Speaker 1: ownership and its contract law. That's what happens is when
Speaker 1: you gave that to Celsius, that is no longer your money,
Speaker 1: or you gave it to block Fire, you gave it
Speaker 1: to whatever, it was no longer your money. So that's
Speaker 1: why the bankruptcy judge said, no, you don't get that
Speaker 1: back now. If you had money sitting in a wallet there,
Speaker 1: it was not in an earn account or in a
Speaker 1: borrow account. If it was in a wallet, that's something different.
Speaker 1: Potentially they're saying that they're still going to give that back. Generally,
Speaker 1: wallet funds are treated as belonging to the users. But
Speaker 1: what does this have to do with block Fi and
Speaker 1: ft X and even Wells Fargo or JP Morgan. Well, technically,
Speaker 1: with your bank, when you give them that money, it's
Speaker 1: not your money anymore. They owe it to you. And
Speaker 1: the reason why that's important is back to contract law.
Speaker 1: So in a bankruptcy event, in an insolvency event, if
Speaker 1: your bank goes bankrupt like Celsius or like f t
Speaker 1: X did, then the assets of the bank or coin
Speaker 1: based or Celsius or block fire, whatever go into receivership.
Speaker 1: They go into bankruptcy. And in the bankruptcy and the
Speaker 1: receivership they try to figure out, okay, well, who's old one,
Speaker 1: and how much money do we have, and how do
Speaker 1: we divv you depp, and who gets the money first?
Speaker 1: And who gets the money last? And the unsecured creditors
Speaker 1: get money last, which is why I know bank will
Speaker 1: give you an unsecured loan right, And so when you
Speaker 1: give your money to the bank, it's not your money.
Speaker 1: You don't own it anymore. They owe it to you,
Speaker 1: and you're an unsecured creditor, which means you will get
Speaker 1: your money last, which is exactly what happened here. They're saying, Hey, nope,
Speaker 1: you don't have the money. You gave it to the company.
Speaker 1: And so unfortunately, if you're in one of those accounts
Speaker 1: with Block five or f t X or whatever, you're
Speaker 1: probably in the same boat. If it's in a wallet,
Speaker 1: you might be better off. But like I said, even
Speaker 1: if it's in a traditional bank, you have that. Now, Mark,
Speaker 1: what about f D? I see what about fd? I see? Well,
Speaker 1: if you'd like to find out my thoughts on that,
Speaker 1: go check out all my main YouTube channel. Just search
Speaker 1: Mark Moss and you'll find out what I have to
Speaker 1: say about f D. I see now onto f t X.
Speaker 1: Before Sam bankman Fried got arrested. Finally, Um, he's got
Speaker 1: a tough road head. And he went and declared not guilty,
Speaker 1: which is pretty amazing. It doesn't rule out the possibility
Speaker 1: that probably what he's doing is maybe trying to negotiate
Speaker 1: a deal, some sort of a guilty plea deal. So
Speaker 1: he said not guilty and in the state will come
Speaker 1: back and maybe they could try to kind of make
Speaker 1: some deal. But the other people you know about, Caroline Ellison,
Speaker 1: who was the CEO of Alameda, the sister company, and
Speaker 1: f t X co founder Gary Wayne have already entered
Speaker 1: guilty please, and they have entered guilty pleas to cooperate
Speaker 1: against Sam Bankman Freeze. It doesn't look really good. I'm
Speaker 1: not exactly sure what's going on. But more importantly, what
Speaker 1: I'm interested in is, of course all of this fraud
Speaker 1: that's going on specifically in the political realm. And what
Speaker 1: we know is that Sam bankman Fried kind of started
Speaker 1: f t X to give all this money to the
Speaker 1: Democratic Party and it became this massive contributor to the
Speaker 1: Democratic Party. And um, what's interesting is that now they
Speaker 1: say that there's allegations of criminal violations of campaign finance laws,
Speaker 1: and they go beyond the basic fact that SPF you
Speaker 1: stolen customer funds to make these contributions. Damian Williams, the
Speaker 1: United States Attorney in Manhattan, said that he made SPF
Speaker 1: made a legal campaign contributions totally in the tens of
Speaker 1: millions of dollars and disguise them. He tried to hide
Speaker 1: them as they were coming from wealthy co conspirators, co
Speaker 1: conspiratory conspiracy, conspiracy. In other words, sbf uz straw downers
Speaker 1: to conceal the source of these campaign contributions to evade
Speaker 1: federal laws and limits. So who are these people? And
Speaker 1: more importantly, tens of millions of dollars on top of
Speaker 1: the forty million we already know about, which will make
Speaker 1: this the largest campaign fraud case in history. And even
Speaker 1: more interesting, we know that he was the second largest
Speaker 1: donor to the Joe Biden campaign in so how much
Speaker 1: of that five point two million plus other strong campaign
Speaker 1: donations went to Biden that were illegal? Oh, this is
Speaker 1: going to be interesting, and don't worry, I'm gonna keep
Speaker 1: you up to date on this. The one thing that
Speaker 1: should be more abundantly clear than ever is if you
Speaker 1: don't hold it, you don't own it. With bitcoin, we
Speaker 1: say not your keys, not your coins. If you have
Speaker 1: them on coin base or Celsius or Block five or
Speaker 1: f t x and not in your own wallet, you
Speaker 1: don't own them. And so now is the time to
Speaker 1: get them off of the exchange and put them in
Speaker 1: a hardware wallet, a hardware wallet like treads or or
Speaker 1: a Ledger or cold card and you can store yourself.
Speaker 1: If you're just tune in, you're listening to the Mark
Speaker 1: mo Show talking about some of the latest breaking news.
Speaker 1: This week's highlight, the decentralized revolution we're going through. I
Speaker 1: got a whole lot more to cover when I come back.
Speaker 1: You don't want to miss it. I'll be right back,
Speaker 1: all right, Hello, and welcome back. You are listening to
Speaker 1: the Mark Mars Show. If you're just tuning in. Of course,
Speaker 1: we're talking about the decentralized revolution, talking about some of
Speaker 1: the latest breaking news this week that shows us it's
Speaker 1: the signpost to show that we are going through this
Speaker 1: decentralized revolution. The world is changing, of course, like I
Speaker 1: always say, right before our very eyes, and I talked about,
Speaker 1: you know, the pendulum swinging from centralization and back to decentralization.
Speaker 1: Of course, we see that we're at peak centralization with
Speaker 1: a unipolar world, US dominance, the US dollar dominance, the
Speaker 1: homogeney um as it's called, and the world is now
Speaker 1: breaking apart into a multipolar world. And of course we
Speaker 1: can see that happening all over the place. This era,
Speaker 1: this period of peace that we've known for the last
Speaker 1: one forty fifty years is it's coming to an end.
Speaker 1: I've say it over and over. The world we're going
Speaker 1: into is not the same as the world that we've
Speaker 1: left behind. The last forty or fifty years is an
Speaker 1: anomaly when you look through thousands of years of history,
Speaker 1: the last forty or fifty years is an anomaly. It's
Speaker 1: not the way things always are, and it's not the
Speaker 1: way things will always be. And of course, as I said,
Speaker 1: we can see that the pendulum is starting to swing
Speaker 1: back to decentralization and this is a massive signpost. And
Speaker 1: some of this is that you can see the world
Speaker 1: is breaking apart into this multipolar world instead of one
Speaker 1: uh homogeney power that that runs and controls everything. We're
Speaker 1: probably going to have multiple zones. In the beginning, it
Speaker 1: is probably gonna go into like three zones. Eventually, I
Speaker 1: believe that we might settled with four or five different zones.
Speaker 1: And we can see it happening, and I believe is
Speaker 1: going to be a very, very big year for it.
Speaker 1: While the United States is all in with the Russia
Speaker 1: Ukraine situation. Uh, in my opinion, you know, the United
Speaker 1: States really trying to push hard onto Russia because they
Speaker 1: understand the threat that Russia poses um into this multipolar
Speaker 1: world using the Ukraine as this uh you know, proxy
Speaker 1: to fight this war. We have lots of other areas
Speaker 1: of conflict popping up, Taiwan, when China, we got North Korea,
Speaker 1: we have Iran, Palestine, all potential flashpoints that could potentially
Speaker 1: cause a problem in two thousand and twenty three. Now,
Speaker 1: like I said, we've kind of been all in on
Speaker 1: Russia Ukraine, but you know, there's lots of other things
Speaker 1: going on in the world that just maybe we don't
Speaker 1: get involved in. We have you know, Minimar, Yemen, Molly, Nicaragua,
Speaker 1: Republic of Congo, Somalia, Afghanistan, all types of crisis is
Speaker 1: going on. But there's three geopolitical battlegrounds that you need
Speaker 1: to keep your eye on. Fore, and this continues to
Speaker 1: show the world breaking apartment. What does it mean if
Speaker 1: the world breaks apart? Well, it means again, like I said,
Speaker 1: the world will be different. How it will be different, Well,
Speaker 1: we'll have a lot less global cooperation. What does that mean? Well,
Speaker 1: that means are just in time, supply chains don't work
Speaker 1: as good anymore. Okay, what does that mean? It means
Speaker 1: we don't have as many products and services, especially at
Speaker 1: good prices anymore. Okay, what does that mean? Let me
Speaker 1: prices go up? Okay, what does that mean? That means
Speaker 1: your quality of life goes down if you start thinking
Speaker 1: through these things. Three geopolitical battlegrounds in particular, maybe hard
Speaker 1: to ignore China, China and Asia. We have the Middle
Speaker 1: East situation, and of course, and we have the Russia
Speaker 1: Ukraine and really the U US Europe pretensions as well.
Speaker 1: The US and Europe are fighting, and so what's going
Speaker 1: to happen. It's it's happening really quick. We can see
Speaker 1: China is really really ramping up its military efforts and
Speaker 1: putting a kind of a display to tie on. And
Speaker 1: at the same time, we see Japan starting to shift,
Speaker 1: and we see Japan has now uh shifted. It's changed
Speaker 1: since it's since about after World War Two. It moved
Speaker 1: into like this pacifist transition. And now Japan has decided
Speaker 1: to double its defense spending, taking it from I believe
Speaker 1: ninth in the world in defense spending all the way
Speaker 1: up to number three in defense spending. So Japan is
Speaker 1: getting ready for something like what are they getting ready for?
Speaker 1: We can see that like I said, China is really
Speaker 1: aggressively building out its military reach. Um they're saying President g.
Speaker 1: G Mping is saying in this year, potentially in the
Speaker 1: next sixty days, could make a move on Taiwan. Could
Speaker 1: the US handle the Ukraine situation and the Taiwan situation
Speaker 1: at the same time, It would probably very difficult. We
Speaker 1: know that General Mark Millye, chairman of the U S
Speaker 1: Joint Chiefs of Staffs, recently suggested that you Krane should
Speaker 1: probably consider peace talks, maybe because he understands, shoot, we
Speaker 1: should probably get that put away so we can address
Speaker 1: some of these other things that we have going on.
Speaker 1: But this Ukraine situation is not only taking up all
Speaker 1: our time, our focus, our effort, our energy, put our money.
Speaker 1: Of course, in this massive omnibus bill, I think another
Speaker 1: forty five billion we're being sent to Ukraine. I believe
Speaker 1: now a hundred billion dollars have been sent to Ukraine
Speaker 1: in the last ten months just by the US, not
Speaker 1: including the other countries that are sending Ukraine aid, compared
Speaker 1: to about sixty billion that Russias spent. So the US
Speaker 1: has given Ukraine almost double what Russia has spent. And
Speaker 1: that's just on the U s alone. But it's not
Speaker 1: just Mark Milly, General Mark Milly that's talking about this.
Speaker 1: We see other high level people. We see uh uh,
Speaker 1: Anthony Blincoln, he's the Secretary of State. Anthony Blincoln held
Speaker 1: a press conference just a couple of days before Christmas,
Speaker 1: and you know, when you listen to what he said
Speaker 1: and you kind of parse it out, he says that
Speaker 1: it looks like the administration is not capable of handling
Speaker 1: multiple foreign policies at once. He said, quote, when it
Speaker 1: comes to Russia's war against Ukraine, if we were still
Speaker 1: in Afghanistan, it would have I think made much more
Speaker 1: complicated the support that we've been able to give and
Speaker 1: that others have been able to give Ukraine to resist
Speaker 1: and push back against the Russian aggression. So you're saying,
Speaker 1: if we were still an Afghanistan, we no way we
Speaker 1: would have been able to do all this um work
Speaker 1: and effort with Ukraine. I mean, we've given so many
Speaker 1: weapons to Ukraine, so many long range missiles, that we
Speaker 1: are depleting our supply. You can't supply two countries the same.
Speaker 1: We don't even have enough to give them and keep
Speaker 1: what we need. So that's exactly what he's saying He's like,
Speaker 1: there's no way we would be able to do that
Speaker 1: if we were still in Ukraine. And so this is
Speaker 1: interesting something to definitely keep an eye on, and it
Speaker 1: is something that I believe will continue through the rest
Speaker 1: of the decade. Tensions will continue to rage, the world
Speaker 1: will continue to get more divided. And that's why I've
Speaker 1: said over and over, I believe that inflation, while it's
Speaker 1: come down a little bit and came down from nine
Speaker 1: to seven, all right, Um so now inste of three
Speaker 1: six dollars a months, you're losing now, Uh, But I
Speaker 1: believe it's some of the lowest inflation will see for
Speaker 1: the decade. Because I believe this continues to get exaggerated
Speaker 1: and supply chains continue to struggle, and free trade continues
Speaker 1: to fall. And uh, we're re on shoring a lot
Speaker 1: of manufacturing near shoring, bringing it closer to the shore,
Speaker 1: and lots of things. One of the things that we're
Speaker 1: re on shoring is our chip manufacturing. Of course, the
Speaker 1: Biden administration put together this massive stimulus package to onshore
Speaker 1: micro chips semiconductor manufacturing in the United States. And when
Speaker 1: he did that, we have Taiwan, which manufactures the most
Speaker 1: high tech chips in the world are t SMC is
Speaker 1: now building their chip production plants here in the United States.
Speaker 1: Of course, China wants to move on Taiwan partly to
Speaker 1: get those semiconductors, and so that's gonna be an interesting thing.
Speaker 1: China is basically dead in the water. The Biden administration
Speaker 1: shut down made illegal for China to even have Tier
Speaker 1: two and Tier three microchips and semiconductors, which means they
Speaker 1: are basically knocked back almost to the Dark Ages, not
Speaker 1: the Dark Ages, but certainly the eighties at least, and
Speaker 1: so that only agitates China even more. And this is
Speaker 1: something to keep an eye on. That's why I bring
Speaker 1: it to your attention. We are witnessing the decentralized revolution,
Speaker 1: and this is showing us what's happening now. If you're
Speaker 1: just tuning in you're listening to the Markmas Show. Of course,
Speaker 1: we talk about the decentralized revolutions each and every week.
Speaker 1: And I look at through the lens of politics, finance,
Speaker 1: and technology, where those three converges where we should be looking,
Speaker 1: because that's how we have context to what's going on.
Speaker 1: We're not looking at politics for politics sake. But we're
Speaker 1: looking at those three converging together so we can understand
Speaker 1: the world and understand how to maneuver to keep our wealth,
Speaker 1: grow our wealth, and our freedom. I got a whole
Speaker 1: lot more to cover. This week was busy, so don't
Speaker 1: go away. I'm gonna come back in just a minute
Speaker 1: with more. You don't want to miss it, all right,
Speaker 1: welcome back. If you're just tuning in, you're listening to
Speaker 1: the Mark Moa Show. We're talking about the decentralized revolution,
Speaker 1: of course, each and every week, and we're looking through
Speaker 1: some of the biggest news headlines this week that show
Speaker 1: us just exactly how this world is changing, of course,
Speaker 1: so you can survive and thrive, build, grow and protect
Speaker 1: your wealth, your financial sovereignty, your freedom, and your sovereignty.
Speaker 1: Of course, money gives us options, and we need options.
Speaker 1: We need optionality in a world that's increasingly becoming more uncertain.
Speaker 1: Uncertainty is beat by optionality. That's what money gives us.
Speaker 1: Now I'm seeing some some you know, some some bad
Speaker 1: news coming out regarding the economy, and like I said,
Speaker 1: you know, I want to help you build, grow and
Speaker 1: protect your wealth, and you need to understand what's going
Speaker 1: on you know, and a lot of talk about recession coming,
Speaker 1: and we're seeing lots of indicators about that. As a
Speaker 1: matter of fact, um, the experts, the economists, the experts,
Speaker 1: Wall Street, etcetera, which have been wrong almost every step
Speaker 1: of the way, by the way, but they are saying
Speaker 1: that things are not looking good. That is not looking good.
Speaker 1: As a matter of fact, we can see um. According
Speaker 1: to Bloomberg, forecasters surveyed by the Federal Reserve Bank of
Speaker 1: Philadelphia put the probability of a downturn in the next
Speaker 1: four quarters at more than that's the highest reading since
Speaker 1: at least ninety economists that were pulled by Bloomberg I
Speaker 1: saw the chance of a of a of a recession
Speaker 1: in three at sixty five, and Bloomberg's own models put
Speaker 1: the recession risk at one hundred percent. So between ort
Speaker 1: but even at that's the highest reading since ninety The
Speaker 1: chance of us having a reception are I'm not gonna
Speaker 1: say the percent like Bloomberg, but they're extremely high. So
Speaker 1: what does that mean to you? What that mean if
Speaker 1: the economy goes into recession, Well, a couple of things
Speaker 1: that you need to understand and a couple of things
Speaker 1: that you need to understand so you can protect yourself
Speaker 1: is that you know, there's the there's the economy going
Speaker 1: into recession, and then there's your your own personal wealth,
Speaker 1: and I want to make sure you're protected with your
Speaker 1: personal wealth. Um, it says that right. You know, of course,
Speaker 1: consumers are the ones that keep the economy afloat. Right,
Speaker 1: Consumers spend money into the economy. You go buy food,
Speaker 1: you go by you know, gasoline, you get services, et cetera.
Speaker 1: Consumer spending makes up about seventy percent of the economy.
Speaker 1: So it's a super important data point if if consumers,
Speaker 1: if you and I are broke, then we don't have
Speaker 1: money to spend that sevent in the economy. And of
Speaker 1: course Jerome Powell the Federal Reserve has been very upfront,
Speaker 1: very honest, telling all of us over and over and
Speaker 1: over that his goal is to crush demand, meaning he
Speaker 1: wants to make there's no more demand to buy products,
Speaker 1: meaning everybody's broke. So his goal is to crush demand
Speaker 1: by making you broke, reverse wealth effect. Your retirement account
Speaker 1: gets cut in half, your home value is cut in half,
Speaker 1: and you get paid less money. That's his goal. But
Speaker 1: what happens is that's makes you broke, there's less demand.
Speaker 1: You don't buy as much stuff, but the stuff you buy,
Speaker 1: consumer spending makes up the economy. It's a big problem.
Speaker 1: Now we can see that we have you know, obviously
Speaker 1: consumer income, then we have savings and hopefully you guys
Speaker 1: are saving some money. Ah. I can't stress enough how
Speaker 1: important is to save money, especially in light of of
Speaker 1: a situation that we're going into right now. I think
Speaker 1: that you should have as much a living expenses saved
Speaker 1: a way as you possibly can. Three months should be
Speaker 1: like your your minimum. You need three months of of
Speaker 1: of of savings put away. Obviously the more is better,
Speaker 1: But what we're seeing is the opposite of that. We're
Speaker 1: seeing savings go down. Excess savings as UM labeled by
Speaker 1: the Federal Reserve, reached a high at the end of
Speaker 1: third quarter of one, so by you know, September October,
Speaker 1: November ish or August, September October, somewhere right there. Third
Speaker 1: quarter of two one, it was a high point of
Speaker 1: two point three trillion dollars in excess savings per the
Speaker 1: Federal Reserve. But by the end of September two, a
Speaker 1: year later, excess savings had shrunk to about one point
Speaker 1: five trillion or uh just shrunk by about and even worse,
Speaker 1: they're projecting all of that excess savings to be depleted
Speaker 1: by middle of this year. So we went from having
Speaker 1: two point three trillion dollars in wealth saved to zero
Speaker 1: by the summer of this year. That's not good now.
Speaker 1: Not only are they eating to their existing savings, they're
Speaker 1: also saving less of what they make and at the
Speaker 1: same time, and this is the worst way to go.
Speaker 1: Not only they spending other savings, but credit card debt
Speaker 1: levels are now approaching a high level mark of one
Speaker 1: trillion dollars. So the Feds crushing demand, they're doing a
Speaker 1: really good job. Everyone's going broke right now. People are
Speaker 1: still spending, but their savings are leading and their credit
Speaker 1: card debt is going up at the same time. It's
Speaker 1: not a good place to go now. Um. On top
Speaker 1: of that, the unemployment rate is projected to shoot up
Speaker 1: by about five cent and it's not hard to see that.
Speaker 1: We see recessions, I'm sorry, layoffs are happening all over
Speaker 1: the place. Um. The Federal Reserve, the Central Bank doesn't
Speaker 1: forecast a decline in interest rates, meaning they're not they're
Speaker 1: not expecting or planning to lower interest rates until at
Speaker 1: the at the earliest, so potentially at least another year
Speaker 1: before they even start to let off of this. I
Speaker 1: don't think they make it that far. My guess is
Speaker 1: they they they probably start lowering rates again, um second
Speaker 1: quarter of this year, I'm sorry, a third quarter of
Speaker 1: this year would be my guest. But they're not forecast either,
Speaker 1: saying they're not going to do it until at the earliest.
Speaker 1: And so what's gonna happen. Well, we're gonna continue to
Speaker 1: see people feeling broke, which means they're going to spend
Speaker 1: less money in the economy. Set spin is from them.
Speaker 1: And when they spend less money in the economy than
Speaker 1: businesses don't make as much money. And when businesses don't
Speaker 1: make as much money, what happens They have to lay
Speaker 1: people off. So then more people get laid off, which
Speaker 1: means there's less money being spent in the economy, which
Speaker 1: means businesses do worse, which means more people get laid off,
Speaker 1: which means less money going to the economy. And you
Speaker 1: get the point. It's the doom loop. It's the doom loop, right,
Speaker 1: and we can see it. I saw this week Amazon
Speaker 1: to lay off more than seventeen thousand employees SEVD. Now,
Speaker 1: they had projected that they were going to lay off
Speaker 1: in November of last year. They had projected they would
Speaker 1: lay off about ten thousand people. But things got much
Speaker 1: worse than and much faster they had expected. And now
Speaker 1: they're laying off almost double what they had projected. Now,
Speaker 1: look here's what happened, right um. Amazon hired an insane
Speaker 1: amount of people. In one the photo Reserved printed, trillions
Speaker 1: of dollars shifted in the economy. Everybody started buying everything,
Speaker 1: and Amazon had to keep up with the business. So
Speaker 1: they are building out their distribution centers and they're hiring
Speaker 1: as many people as they can to drive to deliver
Speaker 1: the pack box as you name it. Hiring all those people,
Speaker 1: and now things are slowing down and they got to
Speaker 1: lay them all off. Think you think about the insanity
Speaker 1: of that for a minute. Think about the insanity of
Speaker 1: that for a minute. So the Federal Reserve, the Central
Speaker 1: banks create booms and bus They ruin your life. I'm
Speaker 1: just gonna say that straight up. What do I mean
Speaker 1: by that? Well, you're a business owner, you deliver services,
Speaker 1: you sell products your Amazon, you sell products whatever it
Speaker 1: is you build, uh, you know, whatever it is, whatever
Speaker 1: product or service you deliver, and the Federal Reserve decides
Speaker 1: to print trillions of dollars and shove it in the economy,
Speaker 1: and all of a sudden, your business takes off and
Speaker 1: you can't keep up with demand. You're building out distribution
Speaker 1: centers like Amazon, and you're hiring new people. And now
Speaker 1: these people got hired on and because I need some people,
Speaker 1: we paid them a good wage. So we hired all
Speaker 1: these people and we gave them a good wage. Oh,
Speaker 1: I got a job with Amazon, the paying all this money.
Speaker 1: Now I feel good about it. Maybe my wife quits
Speaker 1: her job. Maybe I go buy a new car, I
Speaker 1: take on debt. I'm thinking, great, I got I got
Speaker 1: this great job at Amazon. We can go to you know,
Speaker 1: you don't have to work anymore, and let's get this
Speaker 1: new car we always wanted. And then the Fed sucks
Speaker 1: the money out of the economy and everything crashes. And now,
Speaker 1: oh I just got laid off. But my wife quit
Speaker 1: her job and I took on all this debt. What
Speaker 1: do I do Now? I had this business and I
Speaker 1: hired all these people, and I bought all this capital equipment.
Speaker 1: I bought all these trucks, I bought all these machines,
Speaker 1: this equipment, and now what Now I'm stuck with all
Speaker 1: the debt and I have no customers the services. And
Speaker 1: it's all because the central Bank, the Federal Reserve, prints
Speaker 1: a bunch of money and then sucks it all back
Speaker 1: out and shoves it back in and then sucks it
Speaker 1: back out. Now we're all sitting around waiting when will
Speaker 1: they inject more money, When will they come and save us?
Speaker 1: And then when they suck it out again, It's the
Speaker 1: game musical chairs. It's insanity. Insanity. That's why I that's
Speaker 1: why I'm a proponent for bitcoin. We need to remove
Speaker 1: money from the hands of the government. We need to
Speaker 1: separate money in state. Money is what we want it
Speaker 1: to be. It's our medium of exchange. It's how we
Speaker 1: communicate value. We don't it's not made by the government.
Speaker 1: It's not made by the government. They just shouldn't control it.
Speaker 1: They've proven that they are not capable of handling them.
Speaker 1: You're listening to the Markmas Show talking about some of
Speaker 1: the latest breaking news this week. To explain the decentralized
Speaker 1: revolution on a play by play, I got a whole
Speaker 1: lot more to cover when I come back a big show.
Speaker 1: Don't go away, I'm gonna be right back. Hello, Welcome back.
Speaker 1: If you're just tuning in, you're listening to the Mark
Speaker 1: Mo Show. We talked about the decentralized revolution, really highlighting
Speaker 1: the way the world is changing. As the pendulum swings
Speaker 1: from one extreme and will eventually go back to the
Speaker 1: other extreme. We'll hit some middle ground somewhere in the middle.
Speaker 1: But it's basically kind of like if you're like a
Speaker 1: if you had like kids and you're playing bullying and
Speaker 1: you put the bumpers up in the ball just kind
Speaker 1: of pings back and forth from side to side. And
Speaker 1: I like to look at this because this tells us
Speaker 1: a lot about what we should be doing. Where should
Speaker 1: we be living, what should be doing for money, how
Speaker 1: should we be saving, what should be investing in, and
Speaker 1: all of those things you have to understand. It's like, um,
Speaker 1: you can't drive a hundred miles an hour down the
Speaker 1: freeway in a Lamborghini with a blindfold on. You gotta
Speaker 1: be seeing what's going on. And so I'd like to
Speaker 1: take these these news headlines and explain them in context
Speaker 1: that you could understand. So you can understand what's going
Speaker 1: on here. You know, I don't typically like to get
Speaker 1: into the politics side. I'd like to look at politics, finance,
Speaker 1: and technology, and I really like to look where those
Speaker 1: three come together, the merge of those three event diagram
Speaker 1: if you will. I don't want to talk about politics
Speaker 1: for politics sake, but when it comes to the decentralized
Speaker 1: revolution and technology and and UH and money, and then
Speaker 1: it's definitely something that we want to keep an eye on.
Speaker 1: And you know, looking at what's going on in the
Speaker 1: political arena right now is interesting for one big reason.
Speaker 1: And and the big reason why I'm really interesting what's
Speaker 1: going on in politics right now is the the fight,
Speaker 1: the volt that's going on in the GOP and the
Speaker 1: Republican Party right now, um with basically McCarthy, Kevin McCarthy's
Speaker 1: bid to be the speaker, and they just can't get
Speaker 1: it done. The Republican Party is divided and they don't
Speaker 1: want to nominate him, and he keeps going back to
Speaker 1: the bargaining table if you will give me more concessions
Speaker 1: and more concessions. Hey, you can remove me if you
Speaker 1: don't like me, and we'll do all these things. And
Speaker 1: yet there's you know, half the party is just stuck.
Speaker 1: They said, just no way, We're just not going to
Speaker 1: vote for you. And now you know, we have President
Speaker 1: Trump getting involved, you have the Democratic Party getting involved
Speaker 1: in this, and uh, this is an embarrassment, and you
Speaker 1: need to get this done. And like, we work so
Speaker 1: hard to get the Republican majority there and now you're
Speaker 1: squandering all these things, which is insane. We have to,
Speaker 1: we have to. We have to get this omnibus bill
Speaker 1: rushed through in two days before Christmas. It's four thousand
Speaker 1: pages that we can't even read for one point seven
Speaker 1: trillion dollars in spending. We better get it on the
Speaker 1: next two days, but we can't. You know, like we
Speaker 1: should be taking time on these things, like to spend
Speaker 1: one point seven trillion dollars of our kids future. That's
Speaker 1: not something that we should be rushing through in twelve
Speaker 1: or twenty four hours right before Christmas. That's something that
Speaker 1: we should think about, we should have time, we should
Speaker 1: have open debate about, and probably who takes control of
Speaker 1: the of the speakers position is also something that we
Speaker 1: should be willing to take our time with as well.
Speaker 1: But that's not what I want to really that that's
Speaker 1: not that's not what stands out to me. What stands
Speaker 1: out to me is why what's going on here? And
Speaker 1: it looks like the revolt is really being spread by
Speaker 1: these uh, anti McCarthy Republicans, by very prominent conservatives. And
Speaker 1: so what we're seeing, similar to what's going on the
Speaker 1: Democratic Party, is there's this divide where you have this
Speaker 1: extreme left uh you know part that's you know, trying
Speaker 1: to push you know, trans rights in elementary schools and um,
Speaker 1: you know, just crazy extreme things over on one side,
Speaker 1: and then you have the other Democratic Party that are
Speaker 1: just liberals, right, and they just want more freedom and
Speaker 1: things like that. And you've really see this divide. And
Speaker 1: I think on the right, on the right or the
Speaker 1: Republican side, you're also seeing something similar where you have
Speaker 1: these these middle these uh I don't know, rhinos, if
Speaker 1: you will. They like to call them the Republicans, but
Speaker 1: they're really Democrats. And then you have this Democrat that
Speaker 1: these conservatives that are trying to get the party moving again.
Speaker 1: And and that that's really what this divide is about.
Speaker 1: And the reason why this is important is, as I
Speaker 1: talk about each and every week, the decentralized revolution, this
Speaker 1: this this this utopian vision that we were all in
Speaker 1: this together. We're all alike, we're all robots, we're all
Speaker 1: gonna think and do and then the exact same thing.
Speaker 1: We're all gonna like the same thing, and we can
Speaker 1: all be ruled by one person with one ideology. Is wrong,
Speaker 1: it's it's it's flawed, it's failed. It will never work,
Speaker 1: it can't work. That's why we have individuals. That's why
Speaker 1: we need small government. That's why we should be able
Speaker 1: to have freedom them to do these things. And so
Speaker 1: this is what it's highlighting to me, is that these
Speaker 1: parties they're breaking apart the age of centralization, of centralizing
Speaker 1: this it's over and really you kind of have this
Speaker 1: uh these uh, like I said, these Republicans who are
Speaker 1: more like Democrats right now, and and the and the
Speaker 1: Repolican Party is is trying to separate this. That's what
Speaker 1: it's looking like to me. And it just really, like
Speaker 1: I said, highlights the fact that the world is changing
Speaker 1: like it it's kicking these people out. It doesn't want them,
Speaker 1: no matter what, no no matter if Trump gets behind them,
Speaker 1: no matter what, which is pretty interesting. Some some of
Speaker 1: the big headlines that I saw this week. That really
Speaker 1: again highlights this is the I would say, the extreme
Speaker 1: end of the Democratic Party. Um. They believe that they
Speaker 1: have the right to do whatever they want. Um, who
Speaker 1: cares if there's laws that prevented or not. So for example,
Speaker 1: many many mayors of cities of many many prominent, very
Speaker 1: extreme left leaning mayors of cities, UM like New York, Chicago, Washington, Philadelphia,
Speaker 1: San Francisco, etcetera, UM say we don't care what the
Speaker 1: laws of the land say. We don't care about the Constitution.
Speaker 1: Even though I was sworn in the Constitution, even though
Speaker 1: I was not only one of the constitutions, I swore
Speaker 1: to defend it from enemies both foreign and domestic. Even
Speaker 1: though I said that, hand on my heart, I don't
Speaker 1: care what the law saying. I'm not gonna not gonna
Speaker 1: defend them. And so one of those things I'm talking
Speaker 1: about is, um, these each of those cities I named,
Speaker 1: the mayors and governors in those states and cities have
Speaker 1: declared them to be sanctuary cities. So we have immigration.
Speaker 1: The United States allows people to immigrate in the United States.
Speaker 1: The United States was built on immigration, where the great
Speaker 1: melting Pot pretty much everybody the United States came from
Speaker 1: another country at one point or another. Right that we're
Speaker 1: a melting pot, and and we need immigration. I am
Speaker 1: pro immigration. We need immigration. We're not having enough babies
Speaker 1: to sustain our own civilization. We need to import more
Speaker 1: or let more immigrate, and so and we do. I
Speaker 1: believe the United States. I don't have the a date
Speaker 1: in front of me, but I believe the United States.
Speaker 1: Let's allow us more immigration than almost another nation out there,
Speaker 1: and we should continue to do that. But then there's
Speaker 1: a legal immigration, and that's where people come in illegally
Speaker 1: and they don't come in through proper channels. And so
Speaker 1: these these mayors and governors want to have what they
Speaker 1: call sanctuary cities where we don't care what the laws
Speaker 1: at lands say. Even though I agreed to stand up
Speaker 1: with them or protect them, we're going to allow all
Speaker 1: these illegal people just to come live here. And um,
Speaker 1: we've been having a an invasion. We'll call it an invasion.
Speaker 1: I believe over five million illegal immigrants came across the
Speaker 1: border last year. And um, it's a massive taxing on
Speaker 1: the system. Now, this is a bigger story. I should
Speaker 1: probably do a whole hour on just on that and
Speaker 1: why this is happening, and it's about you know, check
Speaker 1: out George Soros and his UM, his nonprofit. You know,
Speaker 1: open borders, open societies. It's all about flooding the system
Speaker 1: with immigrants to crash the system. But um, you know,
Speaker 1: to these cities. And what I saw this week is
Speaker 1: Mayor Adams of New York City, who has a sanctuary city,
Speaker 1: is said enough enough. He said, quote there's no more
Speaker 1: room at the end end quote. And he said that
Speaker 1: after learning that Colorado is the latest state that plans
Speaker 1: to ship these illegal aliens to New York. So these
Speaker 1: leaders saying, look, close the border, closed the border, but
Speaker 1: but these thanks, he said, no, we don't want to
Speaker 1: close the border. But when when all the illegal aliens
Speaker 1: come to that city, when where it's sanctuary city, they
Speaker 1: can't take it. And even Mayor Adams now is saying no.
Speaker 1: Adam said, uh, he was right when he said, quote,
Speaker 1: no city should have to make a decision if they're
Speaker 1: going to provide for their citizens or if they're going
Speaker 1: to deal with an onslaught of migrants and asylum seekers.
Speaker 1: And that's right. We need to take care of the citizens,
Speaker 1: the people that have come here legally. And again I'm all,
Speaker 1: I'm pro immigration, people that were born here pro immigration,
Speaker 1: et cetera. But you shouldn't have to choose. That's what
Speaker 1: Mayor Adam said. That's his that's his quote here. Um,
Speaker 1: the Sanctray mayors, who acknowledged their facing the crisis of
Speaker 1: Washington's making, still can't bring themselves to call for the
Speaker 1: real solution, which is just immigration enforcement. We allow lots
Speaker 1: of people to come here legally. We should continue to
Speaker 1: do that. We need to enforce the laws of the land. Now,
Speaker 1: if you want to change the laws of land, go
Speaker 1: change the laws of land. Otherwise you should be enforcing
Speaker 1: the laws of land. You just swore in to protect them.
Speaker 1: I saw another another story this week. Rhonda Santis showed uh.
Speaker 1: He gave a speech and he said, he said, quote
Speaker 1: Florida is proof positive that we are we the people
Speaker 1: are not destined for a failure. And he flagged the
Speaker 1: number one problem, um is the floundering federal establishment in
Speaker 1: d C, which wields his authority through a spallen on account,
Speaker 1: unaccountabilit out of touch bureaucracy. And he's proved it. California
Speaker 1: had the most people leave the state than any other
Speaker 1: state in the nation. Florida had the most people go
Speaker 1: there out of any state in the nation. People are
Speaker 1: voting with their feet. That's how we vote, with our
Speaker 1: feet and with our money. That's exactly what's happening in
Speaker 1: Florida's exactly what's happening with this immigration problem. People are voting,
Speaker 1: not at the polls, which doesn't count, but with their
Speaker 1: with their feet, with their feet in the money. And
Speaker 1: the world is decentralizing. That's what I got. You're listening
Speaker 1: to the Mark Moas Show talking about the decentralized revolution.
Speaker 1: Thanks for listening.