1 00:00:00,320 --> 00:00:03,120 Speaker 1: Hello, and welcome to another episode of The Mark Moss Show, 2 00:00:03,160 --> 00:00:06,840 Speaker 1: where we talk about bitcoin cryptocurrencies. We talk about the 3 00:00:06,960 --> 00:00:10,280 Speaker 1: decentralized revolution that we are living through that we're witnessing 4 00:00:10,480 --> 00:00:13,800 Speaker 1: right now, and it is never a dull moment as 5 00:00:13,840 --> 00:00:19,000 Speaker 1: we are witnessing the world change right before our very eyes. Man, 6 00:00:19,360 --> 00:00:20,920 Speaker 1: I know I say it a lot, but I just 7 00:00:21,560 --> 00:00:24,319 Speaker 1: I'm just continued just to be impressed by just you know, 8 00:00:24,400 --> 00:00:27,200 Speaker 1: the old Vladimir Lyndon quote of um decades where nothing 9 00:00:27,240 --> 00:00:30,280 Speaker 1: seems to happen, and then decades or days where decades 10 00:00:30,280 --> 00:00:32,440 Speaker 1: seemed to happen. And that's exactly kind of where we're 11 00:00:32,440 --> 00:00:36,199 Speaker 1: living through. You know, I've been talking about bitcoin and 12 00:00:36,240 --> 00:00:41,000 Speaker 1: cryptocurrencies basically full time since like two thousand and sixteen. 13 00:00:41,560 --> 00:00:44,600 Speaker 1: I got into it in and once I kind of 14 00:00:44,640 --> 00:00:47,120 Speaker 1: really understood what it was. Well, I'm still trying to 15 00:00:47,159 --> 00:00:49,280 Speaker 1: figure out what it is. For all of you guys 16 00:00:49,280 --> 00:00:50,680 Speaker 1: that think you already know what you're talking about, I'm 17 00:00:50,720 --> 00:00:53,319 Speaker 1: still trying to figure out what it is. But when 18 00:00:53,360 --> 00:00:55,200 Speaker 1: I when I kind of thought I had understood what 19 00:00:55,240 --> 00:00:56,960 Speaker 1: it was, I was like, dang, I gotta I gotta 20 00:00:57,000 --> 00:01:00,360 Speaker 1: tell the whole world about this. So I guess well, 21 00:01:00,440 --> 00:01:02,120 Speaker 1: let me let me tell you my story real quick. 22 00:01:02,360 --> 00:01:04,759 Speaker 1: Maybe I don't know if I've done that before. So, um, 23 00:01:04,880 --> 00:01:07,319 Speaker 1: you're listening to the Mark Moa Show, and I'm talking 24 00:01:07,360 --> 00:01:09,880 Speaker 1: about bitcoin of cryptocurrencies, and as will tell you my 25 00:01:09,880 --> 00:01:13,880 Speaker 1: own little experience here. So you know, I, uh, let's 26 00:01:13,920 --> 00:01:17,720 Speaker 1: say that I had become pretty disillusioned with the financial 27 00:01:17,720 --> 00:01:20,840 Speaker 1: system and the political system after the two thousand eight 28 00:01:20,920 --> 00:01:24,120 Speaker 1: Great Financial Crash. It was devastating for me. UM. I 29 00:01:24,240 --> 00:01:26,760 Speaker 1: lost a lot of money. I pretty much got wiped out. 30 00:01:27,120 --> 00:01:29,880 Speaker 1: I then had to go and try to figure out 31 00:01:30,000 --> 00:01:32,880 Speaker 1: what this whole financial system was about. As I started 32 00:01:32,880 --> 00:01:35,560 Speaker 1: to dig deep into that and try to learn that, UM, 33 00:01:35,600 --> 00:01:38,640 Speaker 1: I became, you know, very disillusioned with the system, to 34 00:01:38,640 --> 00:01:41,479 Speaker 1: say the least. UM and I and I figured out 35 00:01:42,840 --> 00:01:46,240 Speaker 1: that the problem was that we had this inflationary monetary 36 00:01:46,280 --> 00:01:48,520 Speaker 1: system basically where the FED can just create unlimited amounts 37 00:01:48,520 --> 00:01:51,400 Speaker 1: of money. And if we could go back to something 38 00:01:51,440 --> 00:01:55,440 Speaker 1: like the gold standard, UM, where we had sound money, 39 00:01:55,520 --> 00:01:58,400 Speaker 1: hard money, hard money or sound money, meaning that uh, 40 00:01:58,520 --> 00:02:00,240 Speaker 1: nobody could just go create more of it, right, get 41 00:02:00,280 --> 00:02:02,680 Speaker 1: a limited amount. If you can go back to something 42 00:02:02,680 --> 00:02:04,440 Speaker 1: like that, then that could solve a lot of the 43 00:02:04,440 --> 00:02:07,200 Speaker 1: problems when I became this goldbug, and um, you know, 44 00:02:07,280 --> 00:02:09,000 Speaker 1: moving forward, I became this gold bug, and I started, 45 00:02:09,040 --> 00:02:12,000 Speaker 1: like I said, very disillusioned with politics, to the point 46 00:02:12,080 --> 00:02:15,680 Speaker 1: where I kind of wanted to just ignore it. I 47 00:02:15,840 --> 00:02:18,720 Speaker 1: was like, you know it, it doesn't do me any 48 00:02:18,720 --> 00:02:20,920 Speaker 1: good to pay attention to this. UM get all excited 49 00:02:20,919 --> 00:02:23,880 Speaker 1: by it. Politics gets a lot of dopamine released in 50 00:02:23,919 --> 00:02:25,840 Speaker 1: our bodies. That's why we get really addicted to it. 51 00:02:26,120 --> 00:02:27,440 Speaker 1: But I said, it's kind of a waste of my time. 52 00:02:27,440 --> 00:02:29,880 Speaker 1: My vote doesn't count. UM, nothing I can do is 53 00:02:29,880 --> 00:02:32,640 Speaker 1: gonna change anything. I'm not connected enough to be part 54 00:02:32,639 --> 00:02:35,120 Speaker 1: of the inside. UM, So my goal would just be 55 00:02:35,240 --> 00:02:38,480 Speaker 1: to move away to Central America somewhere I live on beach, 56 00:02:38,480 --> 00:02:40,520 Speaker 1: surf and fish and just you know, I don't want 57 00:02:40,520 --> 00:02:41,960 Speaker 1: to be a freedom fighter. That's why I told my wife, 58 00:02:42,000 --> 00:02:45,520 Speaker 1: I don't want to be a freedom fighter. And I was. 59 00:02:46,000 --> 00:02:49,119 Speaker 1: I was subscribed to this newsletter shout out to Sovereign Man. 60 00:02:49,160 --> 00:02:50,560 Speaker 1: If and you guys ever heard that, and if not, 61 00:02:50,600 --> 00:02:52,480 Speaker 1: you should check it out. And I subscribed to this 62 00:02:52,480 --> 00:02:55,280 Speaker 1: newsletter called Sovereign Man, which is a newsletter that talks 63 00:02:55,280 --> 00:02:57,920 Speaker 1: about being exactly what the name says, which is being 64 00:02:58,160 --> 00:03:01,600 Speaker 1: you know, a sovereign man, sovereign Um. The way that 65 00:03:01,639 --> 00:03:06,960 Speaker 1: I look at sovereign is sovereignty is being able to 66 00:03:07,120 --> 00:03:10,960 Speaker 1: direct my life as I see fit in a way 67 00:03:11,040 --> 00:03:15,639 Speaker 1: that leads to my own ends. So I'm not being 68 00:03:15,720 --> 00:03:19,440 Speaker 1: coerced like a coercion would be. Um, I'm forced to 69 00:03:19,440 --> 00:03:22,000 Speaker 1: make a choice that leads to somebody else's end. So 70 00:03:22,080 --> 00:03:25,480 Speaker 1: for example, take the jab or lose your job. Well, 71 00:03:25,560 --> 00:03:28,639 Speaker 1: either choice I make leads me to your ends, it 72 00:03:28,680 --> 00:03:30,959 Speaker 1: doesn't lead me to my ends. So sovereign tya means 73 00:03:30,960 --> 00:03:32,880 Speaker 1: I can make my choices that leads me to my ends. 74 00:03:32,919 --> 00:03:35,520 Speaker 1: So a sovereign man being a being a man that 75 00:03:35,520 --> 00:03:38,120 Speaker 1: that can control my destiny if you will. And he 76 00:03:38,200 --> 00:03:40,840 Speaker 1: made he made the very compelling case that you wouldn't 77 00:03:40,880 --> 00:03:44,840 Speaker 1: put all your money into one stock, would you write 78 00:03:44,920 --> 00:03:48,080 Speaker 1: or one investment? Of course, the answer is no, And 79 00:03:48,560 --> 00:03:52,040 Speaker 1: why wouldn't you do that? Well because of risk. And 80 00:03:52,080 --> 00:03:54,120 Speaker 1: so if you wouldn't do that, then why do you 81 00:03:54,200 --> 00:03:59,320 Speaker 1: have your whole life in one country? M hmm. It's 82 00:03:59,440 --> 00:04:02,480 Speaker 1: very compelling argument. I had to think about that and 83 00:04:02,520 --> 00:04:07,200 Speaker 1: the answer is, well you maybe shouldn't. Especially um at 84 00:04:07,240 --> 00:04:10,600 Speaker 1: that time, this is back. You know twenty thirteen, fourteen 85 00:04:10,680 --> 00:04:12,520 Speaker 1: fifteen that I was kind of reading this and thinking 86 00:04:12,560 --> 00:04:15,720 Speaker 1: about this. Of course it's never been more more true 87 00:04:15,720 --> 00:04:17,600 Speaker 1: and real today is something that I spent a lot 88 00:04:17,600 --> 00:04:19,240 Speaker 1: of time and so what I'm pounding the table onto 89 00:04:19,279 --> 00:04:23,919 Speaker 1: something called financial sovereignty, which is a financial freedom. But 90 00:04:23,920 --> 00:04:26,240 Speaker 1: then you use that freedom to have I'm sorry that 91 00:04:26,320 --> 00:04:29,400 Speaker 1: financial financial freedom part to have more sovereignty and more freedom. 92 00:04:29,440 --> 00:04:31,719 Speaker 1: So financial sovereignty, that's what I like to focus on. 93 00:04:32,200 --> 00:04:33,960 Speaker 1: Of course, if you're tune in on a regular basis, 94 00:04:34,000 --> 00:04:35,720 Speaker 1: then you know that that's what I talked about. We're 95 00:04:35,760 --> 00:04:38,359 Speaker 1: making money, We're working on our freedom, more options to 96 00:04:38,440 --> 00:04:40,960 Speaker 1: deal in the world of uncertainty. If you're not tuning 97 00:04:41,000 --> 00:04:42,720 Speaker 1: in on a regular basis, then you should so make 98 00:04:42,760 --> 00:04:44,320 Speaker 1: sure to put a calendar reminder for this date at 99 00:04:44,320 --> 00:04:46,360 Speaker 1: this time this channel and joined me each and every week. 100 00:04:47,240 --> 00:04:49,200 Speaker 1: And if you want to know more about financial sovereignty, 101 00:04:49,320 --> 00:04:50,919 Speaker 1: I care about it so much. Not only do I 102 00:04:50,920 --> 00:04:52,960 Speaker 1: talk about all the time, I actually started an event 103 00:04:53,760 --> 00:04:57,120 Speaker 1: just to focus on financial sovereignty and help people learn 104 00:04:57,160 --> 00:04:59,920 Speaker 1: more about it and have more money and freedom with 105 00:05:00,080 --> 00:05:02,760 Speaker 1: same time. You can check that out of market Disruptors 106 00:05:03,080 --> 00:05:06,600 Speaker 1: Live dot com. We're actually having our our second annual 107 00:05:06,640 --> 00:05:09,800 Speaker 1: live event coming up next month. Be awesome to come 108 00:05:09,800 --> 00:05:12,000 Speaker 1: out and meet some new people, make some new friends, meet, 109 00:05:12,120 --> 00:05:14,040 Speaker 1: meet and greet me and some of the best speakers 110 00:05:14,040 --> 00:05:16,360 Speaker 1: in the world to talk about how to make more money, build, grow, 111 00:05:16,440 --> 00:05:18,520 Speaker 1: protect your wealth, as I like to say it. So 112 00:05:18,640 --> 00:05:22,000 Speaker 1: market Disruptors Live dot com check that out. But so 113 00:05:22,040 --> 00:05:24,320 Speaker 1: I was on this path for sovereignty, and I was 114 00:05:24,760 --> 00:05:26,280 Speaker 1: he makes the case that why would you have your 115 00:05:26,279 --> 00:05:28,159 Speaker 1: whole life in one country? And so we're in a 116 00:05:28,200 --> 00:05:30,960 Speaker 1: digital aige. You can have multiple flags and multiple countries, 117 00:05:31,320 --> 00:05:34,800 Speaker 1: and so why not have bank accounts in other countries? 118 00:05:34,960 --> 00:05:37,200 Speaker 1: In that way, off your bank in your country sees 119 00:05:37,240 --> 00:05:39,560 Speaker 1: your bank accounts here, you have bank acounts otherwhere. Why 120 00:05:39,600 --> 00:05:41,440 Speaker 1: not have gold stored in other countries? Why not have 121 00:05:41,520 --> 00:05:44,000 Speaker 1: multiple passports and these types of things. And so I 122 00:05:44,040 --> 00:05:48,080 Speaker 1: was actually in the process of um setting up a 123 00:05:48,120 --> 00:05:50,919 Speaker 1: corporation in Panama, so I could set up a trust 124 00:05:50,920 --> 00:05:52,760 Speaker 1: in Panama, I could open up a bank acount of Panama, 125 00:05:52,800 --> 00:05:54,920 Speaker 1: put about seventy five thousand dollars at the time back 126 00:05:54,960 --> 00:05:58,240 Speaker 1: into the bank account and one it would earn very 127 00:05:58,240 --> 00:05:59,880 Speaker 1: good interest. I think at the time I was paying 128 00:05:59,880 --> 00:06:02,279 Speaker 1: like seven percent interest in the bank, which was pretty 129 00:06:02,320 --> 00:06:05,400 Speaker 1: pretty good. Especially considering today's terms it's at zero. So 130 00:06:05,440 --> 00:06:06,919 Speaker 1: I'd make like seven percent of my money, which was 131 00:06:06,920 --> 00:06:09,360 Speaker 1: pretty good back then. Um, well, it's good right now 132 00:06:09,400 --> 00:06:12,000 Speaker 1: to UM. And then the best part is then I 133 00:06:12,000 --> 00:06:14,640 Speaker 1: would get residency. So then I can get residency, and 134 00:06:14,680 --> 00:06:16,520 Speaker 1: then after several years I think it was five years, 135 00:06:16,560 --> 00:06:22,400 Speaker 1: I could actually get UM citizenship. I can get a passport. 136 00:06:21,560 --> 00:06:25,279 Speaker 1: If I would have done that, I would have my 137 00:06:25,360 --> 00:06:27,440 Speaker 1: citizenship by now. But but I didn't do it. And 138 00:06:27,440 --> 00:06:29,800 Speaker 1: the reason why I didn't do it is I took 139 00:06:29,839 --> 00:06:32,279 Speaker 1: another look at bitcoin and it has been coming across 140 00:06:32,320 --> 00:06:34,840 Speaker 1: my desk for a while. I've been in the tech 141 00:06:34,880 --> 00:06:36,400 Speaker 1: space and the internet space for a long time. I 142 00:06:36,400 --> 00:06:38,440 Speaker 1: started internet business in two thousand and one at the 143 00:06:38,440 --> 00:06:41,159 Speaker 1: bottom of the dot com crash, and I've been on 144 00:06:41,200 --> 00:06:42,920 Speaker 1: the internet ever since since. So I'm a tech guy, 145 00:06:42,960 --> 00:06:44,960 Speaker 1: I'm an investor. And so it had come across my 146 00:06:45,040 --> 00:06:48,320 Speaker 1: desk many times and had ran up to like a 147 00:06:48,360 --> 00:06:50,120 Speaker 1: thousand dollars and then it had dropped back down to 148 00:06:50,200 --> 00:06:52,839 Speaker 1: like a couple hundred bucks, and I was like, maybe not, 149 00:06:53,360 --> 00:06:54,880 Speaker 1: but I took another look at I bought it. I'm like, 150 00:06:54,920 --> 00:06:56,560 Speaker 1: this is the same thing. It's like getting my money 151 00:06:56,600 --> 00:06:58,520 Speaker 1: out of the bank, which is what I was ultimately 152 00:06:58,520 --> 00:07:00,520 Speaker 1: trying to do. So I bought bit and once I 153 00:07:00,600 --> 00:07:02,839 Speaker 1: found out about it, once I once I put some 154 00:07:02,960 --> 00:07:04,800 Speaker 1: in what we call it putting a little skin in 155 00:07:04,800 --> 00:07:06,600 Speaker 1: the game. Once I had a little skin in the game, 156 00:07:06,640 --> 00:07:07,839 Speaker 1: I had a little bit of bitcoin, and then it 157 00:07:08,400 --> 00:07:11,400 Speaker 1: encouraged me to start learning more about it. And as 158 00:07:11,400 --> 00:07:13,720 Speaker 1: I started learning more about it, I started to realize, like, 159 00:07:14,640 --> 00:07:17,240 Speaker 1: we actually have a tool that we can win with, 160 00:07:17,760 --> 00:07:21,400 Speaker 1: Like this is something we can do. And so I 161 00:07:21,520 --> 00:07:23,520 Speaker 1: have to tell everybody in the world that I know 162 00:07:23,600 --> 00:07:27,160 Speaker 1: about it. And so I did. And as I said, 163 00:07:28,000 --> 00:07:30,560 Speaker 1: where I started the story is I've been talking about bitcoin, 164 00:07:30,960 --> 00:07:34,840 Speaker 1: uh and cryptocurrencies and this decentralized revolution now full time 165 00:07:35,080 --> 00:07:38,280 Speaker 1: since about and the reason why I say that is 166 00:07:38,640 --> 00:07:43,000 Speaker 1: um bitcoin and cryptocurrency has had this amazing run seventeen. 167 00:07:43,440 --> 00:07:45,960 Speaker 1: Bitcoin started the year twenty seventeen and a thousand dollars 168 00:07:46,040 --> 00:07:48,600 Speaker 1: and finished the year twenty thousand dollars amazing at twenty 169 00:07:48,800 --> 00:07:51,760 Speaker 1: return in just a year. UM. But then in December, 170 00:07:52,200 --> 00:07:55,560 Speaker 1: seeen it had this spectacular blow off top um and 171 00:07:55,680 --> 00:07:57,400 Speaker 1: dropped all the way back down to three thousand and 172 00:07:57,480 --> 00:08:00,240 Speaker 1: everybody was mad and upset and sad and what I room? 173 00:08:00,960 --> 00:08:05,520 Speaker 1: And then nineteen happened and there was like nothing going 174 00:08:05,560 --> 00:08:10,640 Speaker 1: on and there was like nothing to talk about, Like 175 00:08:10,720 --> 00:08:13,200 Speaker 1: it was literally like this long cold winter, and I 176 00:08:13,240 --> 00:08:15,000 Speaker 1: went for like a year and it's like, man, what 177 00:08:15,040 --> 00:08:17,239 Speaker 1: can I even talk about now? And I'm like starting 178 00:08:17,240 --> 00:08:19,680 Speaker 1: to talk about like just more like general business stuff. 179 00:08:19,760 --> 00:08:21,520 Speaker 1: Maybe I talked about a little bit of like personal 180 00:08:21,560 --> 00:08:24,280 Speaker 1: development stuff, like it's boring around here, what the heck 181 00:08:24,320 --> 00:08:26,160 Speaker 1: is going on? And the reason why I say that 182 00:08:26,280 --> 00:08:28,520 Speaker 1: is because there's decades where nothing seems to happen. And 183 00:08:28,520 --> 00:08:30,360 Speaker 1: in that case, there was a couple of years where 184 00:08:30,400 --> 00:08:33,520 Speaker 1: nothing seemed to happen, and here we are now there's 185 00:08:33,720 --> 00:08:35,760 Speaker 1: days where decades seemed to happen. And so today it's 186 00:08:35,800 --> 00:08:38,880 Speaker 1: like every day there's like multiple stories I need to 187 00:08:38,880 --> 00:08:42,760 Speaker 1: be talking about, which um. By the way, I'm thinking 188 00:08:42,800 --> 00:08:45,959 Speaker 1: about starting a daily podcast and a daily YouTube show. 189 00:08:46,000 --> 00:08:47,920 Speaker 1: If you're not following me on YouTube, you shop Mark Moss. 190 00:08:48,440 --> 00:08:50,560 Speaker 1: I got a lot to cover today because there's so 191 00:08:50,640 --> 00:08:52,640 Speaker 1: much that happened, So do not go away. I'm going 192 00:08:52,679 --> 00:08:55,480 Speaker 1: to be right back. All right, welcome back. You are 193 00:08:55,559 --> 00:08:58,120 Speaker 1: listening to the Mark Moss Show, and we're talking about, 194 00:08:58,600 --> 00:09:01,000 Speaker 1: as I said, bitcoin and crypt occurrency. You know, we're 195 00:09:01,040 --> 00:09:05,520 Speaker 1: talking about this decentralized revolution, um that's sweeping the world. 196 00:09:05,520 --> 00:09:07,840 Speaker 1: Before the break, I was just talking about how sometimes 197 00:09:09,040 --> 00:09:10,760 Speaker 1: you know, decades where nothing seems to happen, and here 198 00:09:10,800 --> 00:09:13,600 Speaker 1: we are where everything seems to happen. And I'm talking 199 00:09:13,600 --> 00:09:16,920 Speaker 1: about this, you know, on a daily basis, about this 200 00:09:17,160 --> 00:09:20,480 Speaker 1: decentralized revolution, that's what That's what I call it. And 201 00:09:20,520 --> 00:09:22,520 Speaker 1: I've been talking about a lot. If you haven't heard 202 00:09:22,960 --> 00:09:27,079 Speaker 1: about these three revolutionary cycles that are converging, and do 203 00:09:27,120 --> 00:09:28,800 Speaker 1: you hear a lot about a lot of people talking 204 00:09:28,840 --> 00:09:32,559 Speaker 1: about different aspects of this. So, for example, Ray dalio 205 00:09:32,760 --> 00:09:35,720 Speaker 1: Um one of the smartest investors in the world, the 206 00:09:35,800 --> 00:09:39,520 Speaker 1: founder of Bridgewater Capital, the largest fund in the world. 207 00:09:39,960 --> 00:09:43,440 Speaker 1: He recently wrote a book called The Changing World Order. 208 00:09:43,480 --> 00:09:46,280 Speaker 1: It's an amazing book. I highly recommend it. Um. It's 209 00:09:46,280 --> 00:09:48,720 Speaker 1: a big book. It's thick book with tons of charts, 210 00:09:48,760 --> 00:09:52,600 Speaker 1: tons of data, and he really outlines a bunch of things, 211 00:09:52,640 --> 00:09:55,120 Speaker 1: including you know, these long term debt cycles. So really 212 00:09:55,120 --> 00:09:58,480 Speaker 1: he focused on like the financial revolution aspect about every 213 00:09:58,600 --> 00:10:03,199 Speaker 1: eighty years the financial um the financial system is reset 214 00:10:03,480 --> 00:10:05,600 Speaker 1: and he really and he really talks about the rise 215 00:10:05,640 --> 00:10:10,000 Speaker 1: and fall of empires and it's great. Again, highly recommend it. 216 00:10:10,679 --> 00:10:12,679 Speaker 1: I like to take that. So there's this eighty year 217 00:10:12,720 --> 00:10:14,960 Speaker 1: financial revolution cycle and then look at it with a 218 00:10:14,960 --> 00:10:19,040 Speaker 1: tune into your political revolution cycle, UM. And then your 219 00:10:19,240 --> 00:10:21,800 Speaker 1: revolution cycle is basically like a pendulum that swings back 220 00:10:21,840 --> 00:10:24,560 Speaker 1: and forth and UM. On an your time frame, we 221 00:10:24,640 --> 00:10:28,800 Speaker 1: move towards globalization or centralization, where things get more and 222 00:10:28,840 --> 00:10:34,280 Speaker 1: more centralized, more central government, more central banks, right w EF, 223 00:10:34,440 --> 00:10:37,520 Speaker 1: World to Health, World Economic Form, World Health Organization, World 224 00:10:37,520 --> 00:10:39,840 Speaker 1: Trade Organization, the I, m F, the U N, et cetera. 225 00:10:40,000 --> 00:10:43,560 Speaker 1: These central entities taking more and more control over our lives. 226 00:10:44,080 --> 00:10:46,160 Speaker 1: So the world has been swinging that way, and now 227 00:10:46,200 --> 00:10:48,880 Speaker 1: that pendulum is maxing out, it's ready to swing back 228 00:10:48,920 --> 00:10:51,360 Speaker 1: the other way. So's something I've talked a lot about. 229 00:10:51,360 --> 00:10:53,199 Speaker 1: If you want to learn more about that, you can 230 00:10:53,240 --> 00:10:57,719 Speaker 1: just search Mark Moss um three cycles something like that. 231 00:10:57,800 --> 00:10:59,840 Speaker 1: Go to go to YouTube search of Mark Moss three cycles. 232 00:10:59,840 --> 00:11:02,840 Speaker 1: You'll see that UM. And So really, if you look 233 00:11:02,880 --> 00:11:03,920 Speaker 1: at it's like I said it on a tune and 234 00:11:03,960 --> 00:11:08,760 Speaker 1: fift year time frame and sort of like the four 235 00:11:08,800 --> 00:11:12,040 Speaker 1: seasons of the year's you know, summer, spring, winterfall. On 236 00:11:12,080 --> 00:11:15,800 Speaker 1: the calendar, there's an exact date that that season switches, 237 00:11:15,840 --> 00:11:18,240 Speaker 1: but that doesn't mean the weather changes that exact day, right, 238 00:11:18,280 --> 00:11:20,120 Speaker 1: So it's kind of like plus or minus a little bit. 239 00:11:20,640 --> 00:11:22,840 Speaker 1: And so that's kind of how these cycles are as well, 240 00:11:22,880 --> 00:11:26,319 Speaker 1: about every eighty years eighty four years, right about every 241 00:11:26,360 --> 00:11:27,880 Speaker 1: two and fifty years, and so if you kind of 242 00:11:27,920 --> 00:11:30,520 Speaker 1: have this range, and so that's kind of where we're at. 243 00:11:30,600 --> 00:11:35,480 Speaker 1: I think this range really started about twenty seventeen seventeen 244 00:11:35,480 --> 00:11:38,480 Speaker 1: and it ends about twenty So that's kind of this 245 00:11:38,720 --> 00:11:41,079 Speaker 1: we're in. We're in this where the where the pendulum 246 00:11:41,120 --> 00:11:44,160 Speaker 1: is maxing out and then swinging back the other way, 247 00:11:44,200 --> 00:11:45,920 Speaker 1: and so as it maxes out and swings back, it's 248 00:11:45,960 --> 00:11:47,560 Speaker 1: in that range, right, So that's kind of where we're 249 00:11:47,559 --> 00:11:53,360 Speaker 1: app And so it really started with Brexit, righten brexit um. 250 00:11:53,440 --> 00:11:56,600 Speaker 1: That was Britain trying to break apart from the EU. 251 00:11:56,800 --> 00:11:59,839 Speaker 1: Right So the EU was massive centralization, just centralized the 252 00:11:59,840 --> 00:12:02,960 Speaker 1: whole continent of Europe right um. And then Brexit was like, hey, 253 00:12:03,080 --> 00:12:04,760 Speaker 1: we don't want to be part of that big central 254 00:12:04,800 --> 00:12:07,440 Speaker 1: force a name were let's break apart. Um. Donald Trump 255 00:12:07,480 --> 00:12:10,360 Speaker 1: getting elected was was another symbol of that, right was 256 00:12:10,760 --> 00:12:13,920 Speaker 1: rejecting the status quo. Hillary Clinton was would have been 257 00:12:13,960 --> 00:12:17,800 Speaker 1: more um centralization, right, she was part of that status quo. Uh. 258 00:12:18,200 --> 00:12:21,320 Speaker 1: Trump getting elected was the symbolization of that pendulum swinging 259 00:12:21,320 --> 00:12:24,120 Speaker 1: back where people are saying, no, we don't want that anymore. Um. 260 00:12:24,240 --> 00:12:27,439 Speaker 1: The the yellow jacket protest in Paris, you know, was 261 00:12:27,480 --> 00:12:30,439 Speaker 1: that And so we see this and here we are 262 00:12:30,559 --> 00:12:33,480 Speaker 1: now today, two thousand twenty two, and we are at 263 00:12:33,480 --> 00:12:37,319 Speaker 1: the climax. I mean, it's it's the climax. The pendulum 264 00:12:37,360 --> 00:12:41,240 Speaker 1: is rapidly starting to move the other way. And uh 265 00:12:41,480 --> 00:12:43,880 Speaker 1: so much that you know, this Russia Ukraine war is 266 00:12:43,920 --> 00:12:47,200 Speaker 1: really exaggerated this. And Larry Fink, the CEO of Blackrock, 267 00:12:47,280 --> 00:12:50,319 Speaker 1: the largest asset manager in the world, about two weeks ago, 268 00:12:50,360 --> 00:12:52,920 Speaker 1: came out and said, this is the end of globalization. 269 00:12:53,000 --> 00:12:56,640 Speaker 1: It's that big so um, Like I said, you can 270 00:12:56,720 --> 00:12:58,240 Speaker 1: watch those videos if you want to know more about that, 271 00:12:58,320 --> 00:13:02,880 Speaker 1: just search Mark Moss and three cycles on YouTube. But um, 272 00:13:02,920 --> 00:13:04,800 Speaker 1: what I want to talk about today was more like, 273 00:13:04,920 --> 00:13:10,200 Speaker 1: what what would deglobalization mean for the financial markets? What 274 00:13:10,240 --> 00:13:12,720 Speaker 1: does it mean for inflation? More specifically, what would it 275 00:13:12,800 --> 00:13:16,559 Speaker 1: mean for bitcoin? Something I wanted to talk about I 276 00:13:16,559 --> 00:13:19,640 Speaker 1: think I thought to be pretty interesting, especially seeing as 277 00:13:19,679 --> 00:13:22,840 Speaker 1: here we are witnessing all of this happening right here 278 00:13:22,880 --> 00:13:26,000 Speaker 1: before our very eyes. So what would it mean for bitcoin? 279 00:13:26,040 --> 00:13:28,559 Speaker 1: What would it means specifically for bitcoin's price? I think 280 00:13:28,559 --> 00:13:30,360 Speaker 1: that's what a lot of people want to know. I 281 00:13:30,360 --> 00:13:32,640 Speaker 1: don't typically talk about price a lot because I think 282 00:13:32,640 --> 00:13:37,360 Speaker 1: it's probably the least interesting aspect of bitcoin. Um When 283 00:13:37,400 --> 00:13:41,400 Speaker 1: you're looking at a new technology like bitcoin, a technological revolution, Really, 284 00:13:42,000 --> 00:13:43,000 Speaker 1: the way that you want to look at it is 285 00:13:43,000 --> 00:13:44,920 Speaker 1: you want to look at user adoption, use your growth. 286 00:13:44,960 --> 00:13:46,840 Speaker 1: Are we getting more users on the network, and two 287 00:13:46,840 --> 00:13:50,400 Speaker 1: are we having development on the network? Those are the 288 00:13:50,440 --> 00:13:53,160 Speaker 1: most interesting things. The price, the price will get there um. 289 00:13:53,240 --> 00:13:55,959 Speaker 1: The price of bitcoin is very volatile. What does that mean? 290 00:13:56,000 --> 00:13:57,760 Speaker 1: It goes up and down a lot, up and down, 291 00:13:57,880 --> 00:13:59,680 Speaker 1: up and down, up and down. Now, volatility, for some 292 00:13:59,720 --> 00:14:01,719 Speaker 1: people say it's a bad thing. They say, how can 293 00:14:01,760 --> 00:14:04,280 Speaker 1: bitcoin never be used for a store value? It's too volatile? 294 00:14:05,520 --> 00:14:07,280 Speaker 1: But volatility is a good thing and it's a bad 295 00:14:07,320 --> 00:14:11,800 Speaker 1: thing because volatility works both ways. Up and down. If 296 00:14:11,840 --> 00:14:13,599 Speaker 1: it never went up, the bitcoin would just always be 297 00:14:13,640 --> 00:14:15,960 Speaker 1: at zero. It would never go up. You can't go 298 00:14:16,000 --> 00:14:19,400 Speaker 1: from zero to forty dollars in UM, you know, twelve 299 00:14:19,480 --> 00:14:23,000 Speaker 1: years without volatility. So that's just the price that you pay. 300 00:14:23,200 --> 00:14:25,960 Speaker 1: The way that I like to look at volatility is 301 00:14:26,040 --> 00:14:34,080 Speaker 1: it's the It's the difference between perception and reality. So 302 00:14:34,120 --> 00:14:36,640 Speaker 1: what do I mean by that, Well, the reality is 303 00:14:36,720 --> 00:14:41,760 Speaker 1: is that the bitcoin network itself is and bitcoin technology. 304 00:14:41,840 --> 00:14:46,080 Speaker 1: The reality is it's growing. We're getting more users, we're 305 00:14:46,120 --> 00:14:50,280 Speaker 1: getting more adoption. Billionaires are now using it as a reserve. 306 00:14:50,520 --> 00:14:54,280 Speaker 1: Fortunate companies are now using it as the reserve. Countries 307 00:14:54,320 --> 00:14:56,760 Speaker 1: like El Savador are now using it as their reserves. 308 00:14:57,120 --> 00:14:59,520 Speaker 1: States in the United States are starting to now accept 309 00:14:59,520 --> 00:15:02,880 Speaker 1: payments and fees in it um. Other governments like Mexico 310 00:15:02,960 --> 00:15:05,200 Speaker 1: now have put laws into the effect to put it 311 00:15:05,240 --> 00:15:07,280 Speaker 1: as legal tender in the in those countries as well. 312 00:15:07,360 --> 00:15:11,120 Speaker 1: So the network is growing, the network effects, more people 313 00:15:11,120 --> 00:15:14,840 Speaker 1: are using it, and at the same time we're stealing 314 00:15:14,920 --> 00:15:17,680 Speaker 1: more and more mind share. So we have some of 315 00:15:17,720 --> 00:15:20,680 Speaker 1: the best and brightest people. I mentioned Ray Dalio's Bridgewater Capital. 316 00:15:20,840 --> 00:15:25,600 Speaker 1: The CFO left Bridgewater Capital to work for a bitcoin company, 317 00:15:25,920 --> 00:15:28,160 Speaker 1: we're stealing massive amounts of mind share. At the Bitcoin 318 00:15:28,200 --> 00:15:31,680 Speaker 1: conference last week, we had Jordan Peterson come as one 319 00:15:31,720 --> 00:15:34,200 Speaker 1: of the headliners. Now he's probably one of the smartest 320 00:15:34,280 --> 00:15:38,440 Speaker 1: intellectuals in the world today and he's at the Bitcoin conference. 321 00:15:38,440 --> 00:15:41,840 Speaker 1: So we're just this, we're this, this amount of mind share. 322 00:15:41,840 --> 00:15:43,760 Speaker 1: It's just all being sucked in. So the network is 323 00:15:43,800 --> 00:15:49,560 Speaker 1: growing rapidly um and the mind shares growing rapidly. That's 324 00:15:49,640 --> 00:15:53,840 Speaker 1: the reality. The perception, though, is the volatility. So what 325 00:15:53,920 --> 00:15:56,600 Speaker 1: happens is people see these moves and they get so 326 00:15:56,680 --> 00:15:59,160 Speaker 1: excited they start pushing the price up. And the price 327 00:15:59,200 --> 00:16:03,920 Speaker 1: goes up how higher and faster and further from reality 328 00:16:03,920 --> 00:16:06,400 Speaker 1: than it should be. People think it's it's it's it's 329 00:16:06,400 --> 00:16:09,360 Speaker 1: it's guaranteed, it's gonna be here tomorrow. Everybody buy in, right, 330 00:16:09,360 --> 00:16:13,400 Speaker 1: and so their their perception gets over exaggerated, and then 331 00:16:13,440 --> 00:16:16,480 Speaker 1: people go, well, you know, it's it's it's not that big, 332 00:16:16,560 --> 00:16:19,000 Speaker 1: and then it starts selling off, and then it gets oversold, 333 00:16:19,040 --> 00:16:22,800 Speaker 1: and then it it goes below reality. But reality, I mean, 334 00:16:22,880 --> 00:16:24,360 Speaker 1: if I was drawing this out for you on a 335 00:16:24,400 --> 00:16:27,480 Speaker 1: piece of paper, if I had reality moving at like 336 00:16:27,520 --> 00:16:30,240 Speaker 1: a forty five degree angle. Right, it's it's moving on 337 00:16:30,400 --> 00:16:36,640 Speaker 1: upward trajectory. More users, more adoption, more mind share, more development. Right, 338 00:16:36,680 --> 00:16:39,400 Speaker 1: that's the reality. The perception goes up and down like 339 00:16:39,440 --> 00:16:42,760 Speaker 1: an s across that line gets overvalued and then it 340 00:16:42,760 --> 00:16:44,400 Speaker 1: gets sold off and it's undervalued, and then it goes 341 00:16:44,440 --> 00:16:48,040 Speaker 1: back to overvalued and undervalued. And that's good thing. And 342 00:16:48,080 --> 00:16:54,920 Speaker 1: it's also our opportunity because if we understand this, then 343 00:16:55,440 --> 00:16:58,480 Speaker 1: we have an opportunity to get in and play these 344 00:16:58,520 --> 00:17:00,440 Speaker 1: little things. Now I'm not a trade or I don't 345 00:17:00,440 --> 00:17:02,960 Speaker 1: recommend that you trade it. But what happens is when 346 00:17:02,960 --> 00:17:06,000 Speaker 1: it gets over sold and it snaps below what we 347 00:17:06,040 --> 00:17:08,760 Speaker 1: believe that reality to be, that's our chance to buy in. 348 00:17:09,560 --> 00:17:12,639 Speaker 1: And so it gives us that opportunity. But uh, as 349 00:17:12,680 --> 00:17:15,639 Speaker 1: I talk about price being not that that interesting, I 350 00:17:15,640 --> 00:17:17,400 Speaker 1: don't talk about that much. Here. We are talking about 351 00:17:17,440 --> 00:17:19,920 Speaker 1: the price, But I want to talk more specifically about 352 00:17:19,920 --> 00:17:23,720 Speaker 1: what would what would this whole global deglobalization mean that 353 00:17:23,760 --> 00:17:26,200 Speaker 1: we're going through the rush of Ukraine wars exaggerating. Larry 354 00:17:26,200 --> 00:17:28,959 Speaker 1: Think says it's in the globalization. The pendulum is swinging 355 00:17:29,000 --> 00:17:32,240 Speaker 1: back from centralization to decentralization. Deglobalization, what does it mean 356 00:17:32,520 --> 00:17:34,600 Speaker 1: for bitcoin? And more specifically, what does it mean for 357 00:17:34,720 --> 00:17:39,640 Speaker 1: bitcoin's price? Um As things have glows as we've moved 358 00:17:39,680 --> 00:17:42,840 Speaker 1: towards globalization, people have enjoyed lower costs right from the 359 00:17:42,880 --> 00:17:47,840 Speaker 1: expansion of free trade, um offshoring labor, having products made overseas. 360 00:17:47,920 --> 00:17:50,720 Speaker 1: And as that unwinds, what happens to bitcoin, what happens 361 00:17:50,720 --> 00:17:53,840 Speaker 1: to bitcoin's price. I'm going to talk about that and more. 362 00:17:53,920 --> 00:17:56,040 Speaker 1: You're listen to the Mark Moa Show talking about of 363 00:17:56,080 --> 00:17:59,679 Speaker 1: course bitcoin, cryptocurrencies and the decentralized during this point, the 364 00:17:59,800 --> 00:18:05,320 Speaker 1: d globalized world that we're moving into. Super fascinating to 365 00:18:05,400 --> 00:18:07,800 Speaker 1: be to be living through this right now. That's the 366 00:18:07,840 --> 00:18:10,479 Speaker 1: point where literally history books will be written. And if 367 00:18:10,520 --> 00:18:13,240 Speaker 1: you navigate this correctly, it could be the biggest opportunity 368 00:18:13,320 --> 00:18:14,840 Speaker 1: of your life, which I think it is. I think 369 00:18:14,840 --> 00:18:17,560 Speaker 1: it's the greatest risk adjusted opportunity we've ever seen. But 370 00:18:17,640 --> 00:18:20,320 Speaker 1: you have to understand what you're seeing and that's what 371 00:18:20,359 --> 00:18:22,520 Speaker 1: I'm here to say to tell you, So don't go away. 372 00:18:22,520 --> 00:18:25,000 Speaker 1: I'm gonna be right back with more. All right, welcome back. 373 00:18:25,000 --> 00:18:29,840 Speaker 1: You're listening to the Mark Moa Show. We're talking about bitcoin, cryptocurrencies, 374 00:18:29,960 --> 00:18:32,359 Speaker 1: the decentralized revolution. Of course, we talked about each and 375 00:18:32,400 --> 00:18:35,119 Speaker 1: every week. Um, we talked about each every week because 376 00:18:35,119 --> 00:18:37,960 Speaker 1: it's the biggest thing happening in the world. The world's 377 00:18:38,000 --> 00:18:41,560 Speaker 1: changing as we speak, and it's going to be It's 378 00:18:41,600 --> 00:18:43,480 Speaker 1: not gonna be good for most people that aren't paying attention, 379 00:18:43,520 --> 00:18:45,320 Speaker 1: but it could be the biggest opportunity of your life 380 00:18:45,320 --> 00:18:47,320 Speaker 1: if you navigate it correctly. And of course that's what 381 00:18:47,400 --> 00:18:50,800 Speaker 1: I want for you. That's what it is, has already 382 00:18:50,840 --> 00:18:53,399 Speaker 1: been for me, and and it will continue to be 383 00:18:53,440 --> 00:18:54,720 Speaker 1: and I want you to be a part of that. 384 00:18:55,240 --> 00:18:57,440 Speaker 1: So we're talking about the globalization. I was talking about 385 00:18:57,440 --> 00:18:59,680 Speaker 1: the price of bitcoin being the least important part, but 386 00:19:00,760 --> 00:19:04,159 Speaker 1: talking about globalization and what does it mean for bitcoin's 387 00:19:04,320 --> 00:19:07,920 Speaker 1: price because we have all these catalysts going on in 388 00:19:07,960 --> 00:19:10,480 Speaker 1: the world. We have massive inflation, and people are like, well, 389 00:19:10,560 --> 00:19:12,800 Speaker 1: shouldn't this be good for bitcoin? Then why isn't the 390 00:19:12,840 --> 00:19:15,480 Speaker 1: price of bitcoin going up? And people aren't able to 391 00:19:15,480 --> 00:19:17,200 Speaker 1: figure that out, and then we have this deglobalization and 392 00:19:17,200 --> 00:19:19,760 Speaker 1: shouldn't that be helping, right? I mean, if the dollars dying, 393 00:19:19,760 --> 00:19:22,840 Speaker 1: shouldn't bitcoin be the beneficiary? So I want to talk 394 00:19:22,880 --> 00:19:25,280 Speaker 1: about that. So obviously, what's setting this up I was 395 00:19:25,320 --> 00:19:28,199 Speaker 1: kind of hinting to is is history tells us right 396 00:19:28,240 --> 00:19:32,200 Speaker 1: on your time frame, we max out on globalization centralization 397 00:19:32,200 --> 00:19:34,760 Speaker 1: and the world pushes back or the pendulum swings back 398 00:19:34,800 --> 00:19:39,359 Speaker 1: to decentralization or deglobalization, and so, um, you know, if 399 00:19:39,400 --> 00:19:42,440 Speaker 1: the pandemic seems like a black Swan event, or um, 400 00:19:42,440 --> 00:19:44,600 Speaker 1: the rush of Ukraine war seems like a black Swan event, 401 00:19:44,640 --> 00:19:49,320 Speaker 1: it's not. We already knew that right now we would 402 00:19:49,359 --> 00:19:52,840 Speaker 1: be rejecting globalization and moving back to deglobalization. And that's 403 00:19:52,840 --> 00:19:55,399 Speaker 1: exactly what's happening, and we're watching it unfold like we 404 00:19:55,480 --> 00:19:57,080 Speaker 1: knew it would. I've been talking about this for over 405 00:19:57,080 --> 00:19:59,520 Speaker 1: a year and a half. You can go back and 406 00:20:00,680 --> 00:20:02,520 Speaker 1: study that. To go back and check out my YouTube channel, 407 00:20:02,560 --> 00:20:07,439 Speaker 1: just search Mark Moss three cycles you'll find that information. So, um, 408 00:20:07,560 --> 00:20:10,800 Speaker 1: we have this geopolitical crisis ress Ukraine, and what's happening 409 00:20:10,880 --> 00:20:13,920 Speaker 1: is over the last I mean really two and or 410 00:20:13,960 --> 00:20:15,760 Speaker 1: fifty years. But really, if we just look back over 411 00:20:15,800 --> 00:20:19,240 Speaker 1: like the last fifty years, the United States and really 412 00:20:19,240 --> 00:20:22,600 Speaker 1: the world has been globalizing. So we've been starting to 413 00:20:22,640 --> 00:20:25,320 Speaker 1: work more with each other's countries. We're having more products. 414 00:20:25,359 --> 00:20:27,000 Speaker 1: The United States is offshore, and a lot of the 415 00:20:27,080 --> 00:20:30,960 Speaker 1: manufacturing base it's having products made in overseas and Asia, 416 00:20:31,080 --> 00:20:34,640 Speaker 1: things like that. UM. We're getting these interconnected systems that 417 00:20:34,920 --> 00:20:39,760 Speaker 1: UM tie everything together, supply chains, UM, you know, shipping lines, 418 00:20:39,880 --> 00:20:43,320 Speaker 1: all these things. And what that's allowed for things to 419 00:20:43,400 --> 00:20:46,719 Speaker 1: do is for UM, as the world gets more connected, 420 00:20:46,840 --> 00:20:49,320 Speaker 1: it's allowed things to get cheaper. So we took a 421 00:20:49,359 --> 00:20:51,359 Speaker 1: fifty tho dollar a year job that was in the 422 00:20:51,440 --> 00:20:53,960 Speaker 1: United States and now it's eight thousand dollars over in India. 423 00:20:54,160 --> 00:20:56,479 Speaker 1: We take a hundred dollar electronic part that was made 424 00:20:56,520 --> 00:20:58,040 Speaker 1: in the United States and now it's made for eight 425 00:20:58,040 --> 00:21:02,240 Speaker 1: dollars over in Asia or something like that. And so 426 00:21:02,400 --> 00:21:05,119 Speaker 1: what's happened is, especially over the last fifty years, is 427 00:21:05,200 --> 00:21:11,200 Speaker 1: we've had this globalization which has brought prices down at 428 00:21:11,200 --> 00:21:14,240 Speaker 1: the same time as the central banks around the world 429 00:21:14,240 --> 00:21:17,840 Speaker 1: have created trillions of dollars. So creating trillions of dollars 430 00:21:17,880 --> 00:21:21,040 Speaker 1: is inflationary. That inflates the monetary supply, which then pushes 431 00:21:21,080 --> 00:21:23,840 Speaker 1: prices up. But as it's been doing that, the world 432 00:21:23,880 --> 00:21:26,960 Speaker 1: has been globalizing, which has been pushing prices down. And 433 00:21:27,000 --> 00:21:29,200 Speaker 1: so it's been able to hide a lot of this, 434 00:21:30,119 --> 00:21:33,240 Speaker 1: but as we start to reverse that, they're not going 435 00:21:33,320 --> 00:21:37,520 Speaker 1: to be able to hide that. And we can see that. Um, 436 00:21:37,560 --> 00:21:39,920 Speaker 1: you know, since the fall of the I mean, like 437 00:21:40,000 --> 00:21:40,920 Speaker 1: I said, if you want to look at like the 438 00:21:41,000 --> 00:21:42,800 Speaker 1: last fifty years, it's really started the fall of the 439 00:21:42,800 --> 00:21:46,080 Speaker 1: Soviet Union nineteen. Any one really started that. Um. But 440 00:21:46,240 --> 00:21:48,359 Speaker 1: it's been happening for a long time, faster and faster 441 00:21:48,440 --> 00:21:52,240 Speaker 1: and faster. And now economists think that, Um, as this 442 00:21:52,359 --> 00:21:55,840 Speaker 1: starts to break apart, doesn't take an economist to figure 443 00:21:55,840 --> 00:21:59,280 Speaker 1: this out. Um, to make certain commodities or products, it's 444 00:21:59,320 --> 00:22:02,440 Speaker 1: going to become more expensive. Doesn't take a genius to 445 00:22:02,480 --> 00:22:06,000 Speaker 1: figure that out. Right, Uh, if if if if it 446 00:22:06,040 --> 00:22:07,359 Speaker 1: was a hundred dollars to make in the US, and 447 00:22:07,359 --> 00:22:08,719 Speaker 1: then there was eight dollars to make an Asian now 448 00:22:08,720 --> 00:22:10,600 Speaker 1: have to make in the US again. Of course it's 449 00:22:10,640 --> 00:22:15,600 Speaker 1: going to be more expensive. It's easy and um if 450 00:22:15,600 --> 00:22:18,879 Speaker 1: we have to onshore all this labor again. And I 451 00:22:19,000 --> 00:22:20,960 Speaker 1: so now I used to pay people eight thousand dollars 452 00:22:20,960 --> 00:22:22,720 Speaker 1: over the season, have to pay them fifty in the US. 453 00:22:22,960 --> 00:22:25,080 Speaker 1: I'm gonna have to charge more for my products, just 454 00:22:25,119 --> 00:22:28,760 Speaker 1: the way it is. And so while we've been enjoying 455 00:22:28,800 --> 00:22:32,639 Speaker 1: these lower prices that might be over, the trend is reversing, 456 00:22:32,720 --> 00:22:35,159 Speaker 1: so to speak, because, like I said, the end of 457 00:22:35,160 --> 00:22:37,760 Speaker 1: this globalization, we can't we can't trust each other anymore. 458 00:22:37,760 --> 00:22:39,399 Speaker 1: We can't trust each other with the with the with 459 00:22:39,440 --> 00:22:42,400 Speaker 1: the financial system. Um. You know we have and even 460 00:22:42,440 --> 00:22:44,720 Speaker 1: before the Rush of Ukraine thing, we had the the U. S. 461 00:22:44,840 --> 00:22:48,000 Speaker 1: China trade war that broke out and that worsen, you know, 462 00:22:48,359 --> 00:22:52,159 Speaker 1: with with the global what it's called the coronavirus pandemic um. 463 00:22:52,200 --> 00:22:55,280 Speaker 1: Then that started straining supply chains. You hear a lot about, 464 00:22:55,320 --> 00:22:57,880 Speaker 1: you know, the bid administration, tendues. Inslation is happening because 465 00:22:57,880 --> 00:23:00,240 Speaker 1: supply chain supply chains, right, and so started with the 466 00:23:00,320 --> 00:23:02,440 Speaker 1: US trying to trade war, then it went into the pandemic, 467 00:23:03,440 --> 00:23:04,600 Speaker 1: and then of course now we have the Rush of 468 00:23:04,680 --> 00:23:07,000 Speaker 1: Ukraine war, which none of them are black swans, right, 469 00:23:07,080 --> 00:23:10,520 Speaker 1: this this is all predicted, um. And so we've seen 470 00:23:10,560 --> 00:23:13,639 Speaker 1: that exports are getting choked off in some cases, you know, 471 00:23:13,920 --> 00:23:16,199 Speaker 1: we can't get enough parts, which then mains prices go 472 00:23:16,280 --> 00:23:21,200 Speaker 1: up even more. But this is all part of the globalization. 473 00:23:21,240 --> 00:23:23,760 Speaker 1: But what is the economic impact of them? So as 474 00:23:23,760 --> 00:23:27,320 Speaker 1: global trade and many goods of commodities get disrupted even further, 475 00:23:28,480 --> 00:23:31,640 Speaker 1: then end product prices will continue to rise and contribute 476 00:23:31,640 --> 00:23:35,000 Speaker 1: to inflation. Right, what we've seen just so far from 477 00:23:35,040 --> 00:23:37,399 Speaker 1: the rush of Ukraine war is causing shortage of oil 478 00:23:37,440 --> 00:23:40,879 Speaker 1: and gas, which turns out we need those things. Unlike 479 00:23:40,880 --> 00:23:43,320 Speaker 1: a lot of people thinking that we have already built 480 00:23:43,359 --> 00:23:47,480 Speaker 1: up enough. Um they call it renewable energy. I like 481 00:23:47,600 --> 00:23:50,160 Speaker 1: to call it unreliable energy because the wind doesn't always 482 00:23:50,200 --> 00:23:52,720 Speaker 1: blow and the sun doesn't always shine, and so it 483 00:23:52,720 --> 00:23:55,760 Speaker 1: turns out we don't have wind and solar built up 484 00:23:55,800 --> 00:23:57,760 Speaker 1: like they told us that we did, and turns out 485 00:23:57,760 --> 00:23:59,960 Speaker 1: we still need things like oil and gas to survive. 486 00:24:00,000 --> 00:24:02,159 Speaker 1: I've not only we need oil and gas to like 487 00:24:02,240 --> 00:24:04,160 Speaker 1: move our cars and our planes, which of course move 488 00:24:04,200 --> 00:24:07,840 Speaker 1: our food. We actually need it for the production of food. 489 00:24:07,880 --> 00:24:10,160 Speaker 1: So we need the natural gas to make the fertilizer 490 00:24:10,600 --> 00:24:13,800 Speaker 1: to make the crops. And guess what, we still need food. 491 00:24:14,160 --> 00:24:15,919 Speaker 1: And so now we're having shortage of oil and gas, 492 00:24:15,920 --> 00:24:18,680 Speaker 1: and that means we're having short shortage of food, food shortages, 493 00:24:18,920 --> 00:24:23,720 Speaker 1: food crisis. Really Wheat, nickel and neon we need those 494 00:24:23,760 --> 00:24:26,760 Speaker 1: for you know, electronics, all sorts of goods. We're starting 495 00:24:26,760 --> 00:24:29,560 Speaker 1: to see that we're having shortages, which is pushing prices up. 496 00:24:31,119 --> 00:24:34,199 Speaker 1: And uh, those kinds of shortages of course supply and demand. 497 00:24:34,440 --> 00:24:37,240 Speaker 1: We go shortage of goods and then that pushes the 498 00:24:37,280 --> 00:24:40,320 Speaker 1: prices up, leads to price pikes at the same time, 499 00:24:40,359 --> 00:24:43,240 Speaker 1: you know, more supply chain issues cause more price spikes 500 00:24:43,280 --> 00:24:46,440 Speaker 1: than it's this it's this vert vicious cycle, if you will. 501 00:24:46,920 --> 00:24:50,960 Speaker 1: And turns out the central banks are good at printing money, 502 00:24:51,000 --> 00:24:54,840 Speaker 1: but they can't print more oil or natural gas imagine that, 503 00:24:55,040 --> 00:24:56,800 Speaker 1: which is pretty interesting. So there's really not a lot 504 00:24:56,880 --> 00:24:58,560 Speaker 1: they can do. Now. They could go print a fut 505 00:24:58,560 --> 00:25:01,400 Speaker 1: trillion dollars and say, go build more more energy production plants, 506 00:25:01,480 --> 00:25:03,520 Speaker 1: or go grow more food, but it takes years to 507 00:25:03,600 --> 00:25:05,239 Speaker 1: get there, so it's not something they can just do. 508 00:25:07,119 --> 00:25:10,000 Speaker 1: And you know, we we hear a lot about inflation, inflation, inflation. 509 00:25:10,000 --> 00:25:12,120 Speaker 1: As a matter of fact, in the last week or two, 510 00:25:12,600 --> 00:25:16,040 Speaker 1: the latest CPI consumer price index numbers came out from 511 00:25:16,080 --> 00:25:18,879 Speaker 1: the government, and we're at eight point five, a record 512 00:25:19,000 --> 00:25:20,840 Speaker 1: level that we haven't been to and I think forty 513 00:25:20,840 --> 00:25:22,679 Speaker 1: two years since the eighties, which of course when we 514 00:25:22,720 --> 00:25:25,959 Speaker 1: had record high inflation back then. As well, and and 515 00:25:26,000 --> 00:25:31,080 Speaker 1: we cured it with then President Reagan's FED chair Paul Volker, 516 00:25:31,680 --> 00:25:36,479 Speaker 1: getting crazy and raising rates to over twenty percent. Twenty. 517 00:25:36,560 --> 00:25:38,720 Speaker 1: Now they've been at zero for the last several years 518 00:25:39,040 --> 00:25:41,960 Speaker 1: and they had to raise to stop it. Um And 519 00:25:42,000 --> 00:25:44,359 Speaker 1: so here we are at that at that place again. 520 00:25:44,480 --> 00:25:47,400 Speaker 1: But the you know, the Federals EVE thinks they can 521 00:25:47,440 --> 00:25:50,520 Speaker 1: control inflation by raising interest rates and and you know, 522 00:25:51,119 --> 00:25:54,800 Speaker 1: shrinking the size of its balance sheets supposedly. But even 523 00:25:54,880 --> 00:25:56,840 Speaker 1: if they do that, it's unlikely that higher prices are 524 00:25:56,840 --> 00:25:59,120 Speaker 1: going to go away soon. Because they can raise rates 525 00:25:59,160 --> 00:26:01,720 Speaker 1: all they want, they can shrink the balance sheet all 526 00:26:01,760 --> 00:26:04,879 Speaker 1: they want, but as I said, they can't print more energy. 527 00:26:05,040 --> 00:26:07,000 Speaker 1: They can't print more oil and gas, they can't print 528 00:26:07,119 --> 00:26:11,800 Speaker 1: more wheat. That doesn't just come back, And so we're 529 00:26:11,800 --> 00:26:14,239 Speaker 1: going to have those massive inflationary force. It doesn't seem like, um, 530 00:26:14,280 --> 00:26:15,880 Speaker 1: the higher price is going to go away anytime soon. 531 00:26:17,760 --> 00:26:19,720 Speaker 1: And so what happens then to the U S. Dollars 532 00:26:19,760 --> 00:26:23,560 Speaker 1: dominance in global commerce. Well, if if supply chains start 533 00:26:23,560 --> 00:26:25,760 Speaker 1: breaking down, we don't need as much global commerce. And 534 00:26:25,800 --> 00:26:28,480 Speaker 1: so now we probably um see the dollar starting to 535 00:26:28,520 --> 00:26:32,679 Speaker 1: lose more ground as the major global currency um, not 536 00:26:32,680 --> 00:26:34,600 Speaker 1: not that it would lose I'm not necessary calling for 537 00:26:34,640 --> 00:26:36,800 Speaker 1: an end of the dollar's reserve currency status, but we 538 00:26:36,920 --> 00:26:40,439 Speaker 1: definitely see a fragmentation at a smaller level. Um. And 539 00:26:40,480 --> 00:26:42,920 Speaker 1: so if we're not trading globally, then we could use 540 00:26:42,920 --> 00:26:46,600 Speaker 1: more localized currencies and things like that. And already seeing that, 541 00:26:46,960 --> 00:26:50,160 Speaker 1: we're already seeing that with some countries. They're already renegotiating 542 00:26:50,200 --> 00:26:54,120 Speaker 1: their currency to get paid. So for example, Russia says, 543 00:26:54,119 --> 00:26:55,920 Speaker 1: if you want our gas, then you've got to pay 544 00:26:55,920 --> 00:26:59,080 Speaker 1: in our currency. We don't want that other currency. There's 545 00:26:59,080 --> 00:27:00,399 Speaker 1: a lot of reasons for that, and I'm not going 546 00:27:00,440 --> 00:27:01,760 Speaker 1: to go into all that. We could go down that 547 00:27:01,760 --> 00:27:04,120 Speaker 1: whole rabbit hole. But the point is that we're already 548 00:27:04,160 --> 00:27:09,359 Speaker 1: starting to see some countries renegotiating in their currency. So 549 00:27:09,400 --> 00:27:11,520 Speaker 1: I'm not saying the dollar is gonna lose the reserve 550 00:27:11,560 --> 00:27:15,000 Speaker 1: status of the world right away, um or maybe even ever. 551 00:27:15,160 --> 00:27:16,919 Speaker 1: I mean, I believe it will, but but it's not 552 00:27:16,960 --> 00:27:20,200 Speaker 1: inevitable at this point. But we will start to see 553 00:27:20,200 --> 00:27:25,040 Speaker 1: more fragmentation. It's already happening. Oh man, you listen to 554 00:27:25,040 --> 00:27:27,600 Speaker 1: the Mark Moa show. We're talking about bitcoin, cryptocurrencies. We're 555 00:27:27,600 --> 00:27:30,080 Speaker 1: talking about the decentralized revolution. We're talking about the way 556 00:27:30,160 --> 00:27:32,680 Speaker 1: the world is going through de globalization and what would 557 00:27:32,720 --> 00:27:38,160 Speaker 1: be the impact on bitcoin's price as that happens. That's 558 00:27:38,160 --> 00:27:40,880 Speaker 1: exactly what I'm I'm gonna explain to you. Like I said, 559 00:27:40,920 --> 00:27:42,520 Speaker 1: the price is not always the most interesting thing, but 560 00:27:42,560 --> 00:27:45,119 Speaker 1: in this case it is. So I'm gonna explain to 561 00:27:45,119 --> 00:27:46,240 Speaker 1: you what I think is going to happen to the 562 00:27:46,240 --> 00:27:49,800 Speaker 1: price as this all unwinds, and is it a risk 563 00:27:49,840 --> 00:27:51,720 Speaker 1: on or risk off asset that's want to cover when 564 00:27:51,720 --> 00:27:53,760 Speaker 1: I come back. You don't want to miss this, so 565 00:27:53,840 --> 00:27:56,440 Speaker 1: don't go away. I'll be right back. All right, Welcome back. 566 00:27:56,480 --> 00:27:59,200 Speaker 1: You are listening to the Mark Moa Show, and we 567 00:27:59,280 --> 00:28:03,280 Speaker 1: are talking about bitcoin. We're talking about cryptocurrencies, We're talking 568 00:28:03,280 --> 00:28:05,879 Speaker 1: about the decentralized revolution. Like we talked about each and 569 00:28:06,080 --> 00:28:11,000 Speaker 1: every week. I like to focus on the intersection of politics, finance, 570 00:28:11,160 --> 00:28:14,720 Speaker 1: and technology. It's where those three come together. In the 571 00:28:14,760 --> 00:28:18,680 Speaker 1: first segment, I was referencing Readalio's book The Changing World Order. 572 00:28:18,680 --> 00:28:21,280 Speaker 1: It's an amazing book. I highly recommend it. Um It's 573 00:28:21,280 --> 00:28:24,120 Speaker 1: got so much research, so many charts, it's so good. 574 00:28:24,160 --> 00:28:26,920 Speaker 1: But it only focuses on the financial side of things 575 00:28:27,600 --> 00:28:29,560 Speaker 1: a little bit talking about how the financial side of 576 00:28:29,560 --> 00:28:31,840 Speaker 1: things leads into the political side of things, but he 577 00:28:31,880 --> 00:28:35,679 Speaker 1: completely overlooks the technological side of things. And if you 578 00:28:35,680 --> 00:28:37,480 Speaker 1: go back through study history, and this is why I 579 00:28:37,480 --> 00:28:39,160 Speaker 1: don't understand how many how he misses this. If you 580 00:28:39,200 --> 00:28:44,040 Speaker 1: go back through history, it's always technology that changes the world. Um, 581 00:28:44,080 --> 00:28:46,480 Speaker 1: and he seems to leave that out, which is pretty interesting. 582 00:28:46,560 --> 00:28:49,120 Speaker 1: But back to that's why I like to focus on 583 00:28:49,160 --> 00:28:52,760 Speaker 1: those three things together, those intersections. And before the break, 584 00:28:52,760 --> 00:28:55,080 Speaker 1: I was talking about, um, we're at this point the 585 00:28:55,080 --> 00:28:57,920 Speaker 1: pendulum is swinging back from globalization. We're gonna start swinging 586 00:28:57,960 --> 00:29:01,200 Speaker 1: back to decentralization or deglobalization. And I was talking about 587 00:29:01,200 --> 00:29:03,680 Speaker 1: specifically what would be the impact on bitquins price, and 588 00:29:03,720 --> 00:29:06,280 Speaker 1: I was talking about how, um, the dollar. You know, 589 00:29:06,320 --> 00:29:10,280 Speaker 1: I'm not calling for an inevitable, imminent crash of the 590 00:29:10,280 --> 00:29:13,320 Speaker 1: dollar's urve status, but we're definitely starting to see as 591 00:29:13,320 --> 00:29:17,000 Speaker 1: supply chains breakdown, we're starting to see more regional prices 592 00:29:17,080 --> 00:29:19,320 Speaker 1: and currencies pop up. We're already starting to see some 593 00:29:19,320 --> 00:29:23,920 Speaker 1: countries renegotiate terms in their own in their own currencies. Now, UM, 594 00:29:23,960 --> 00:29:26,880 Speaker 1: it's not just me saying this, I mean Larry. Larry Faint, 595 00:29:26,920 --> 00:29:29,840 Speaker 1: the founder of black Rock, the world's largest asset manager, 596 00:29:30,040 --> 00:29:33,840 Speaker 1: basically said in his annual investor letter, quote, well, dependence 597 00:29:33,880 --> 00:29:36,320 Speaker 1: on Russian energy is in the spotlight. Companies of governments 598 00:29:36,320 --> 00:29:38,760 Speaker 1: will also be looking more broadly at their dependencies on 599 00:29:38,840 --> 00:29:41,640 Speaker 1: other nations end quote. So what he's saying is that 600 00:29:42,640 --> 00:29:45,600 Speaker 1: everyone started to like revite everything like, shoot, I didn't 601 00:29:45,640 --> 00:29:49,240 Speaker 1: realize how dependent I was on Russia fill in the blank, 602 00:29:49,480 --> 00:29:53,040 Speaker 1: China or whatever, and shoot, who else am I this 603 00:29:53,120 --> 00:29:55,479 Speaker 1: depended on? If I was a business, I wouldn't want 604 00:29:55,520 --> 00:29:58,120 Speaker 1: to have a business that was dependent on only one customer, 605 00:29:58,160 --> 00:30:00,320 Speaker 1: because if I only had one customer and they didn't 606 00:30:00,320 --> 00:30:02,360 Speaker 1: buy from anymore, my whole business goes under. Or if 607 00:30:02,400 --> 00:30:04,600 Speaker 1: I only had one vendor, right, And that's what a 608 00:30:04,640 --> 00:30:07,000 Speaker 1: lot of countries have found themselves in. He went on 609 00:30:07,040 --> 00:30:10,360 Speaker 1: to say, quote this may lead companies to onshore or 610 00:30:10,480 --> 00:30:13,360 Speaker 1: near shore more of their operations, resulting in a faster 611 00:30:13,480 --> 00:30:16,360 Speaker 1: pullback from some countries end quote. So what he's saying 612 00:30:16,440 --> 00:30:18,360 Speaker 1: is that we've been sending all our jobs and our 613 00:30:18,400 --> 00:30:21,719 Speaker 1: manufacturing overseas, which has made things much cheaper for us. 614 00:30:22,000 --> 00:30:25,320 Speaker 1: But now it's like, oh, shoot, I better have control 615 00:30:25,360 --> 00:30:27,880 Speaker 1: of this here, I better bring some of this back, 616 00:30:28,720 --> 00:30:32,640 Speaker 1: and it may happen faster than what um some people think, 617 00:30:32,680 --> 00:30:34,239 Speaker 1: which is what he's saying, of course, than it is. 618 00:30:34,480 --> 00:30:36,760 Speaker 1: And then you want to say, quote a large scale 619 00:30:36,760 --> 00:30:40,600 Speaker 1: re orientation of supply chain, supply chains will be inherently 620 00:30:41,360 --> 00:30:46,720 Speaker 1: inflationary end quote. So what he's saying is that as 621 00:30:46,800 --> 00:30:49,480 Speaker 1: we start to reorganize the supply chain so we're not 622 00:30:49,560 --> 00:30:52,400 Speaker 1: so dependent on all these countries, it's going to be 623 00:30:52,440 --> 00:30:55,560 Speaker 1: inflationary again. As I started out saying, we took a 624 00:30:55,600 --> 00:30:58,400 Speaker 1: fifty job and shipped off off shore for eight thousand, 625 00:30:58,440 --> 00:30:59,760 Speaker 1: and we took a hundred dollar apart, we make it 626 00:30:59,800 --> 00:31:02,880 Speaker 1: off for eight dollars. But now it's the opposite of that. 627 00:31:02,960 --> 00:31:05,320 Speaker 1: So prices went down when we did that, and then 628 00:31:05,440 --> 00:31:08,200 Speaker 1: we bring it back or reverse it, guess what prices 629 00:31:08,320 --> 00:31:10,920 Speaker 1: go back up? So what would be the impact on 630 00:31:10,920 --> 00:31:16,080 Speaker 1: bitcoin's price. Well, most people, many analysts, think that bitcoin 631 00:31:16,160 --> 00:31:19,640 Speaker 1: serves as an inflation hedge like gold, and it has right. 632 00:31:19,720 --> 00:31:23,920 Speaker 1: So bitcoin went from zero dollars to forty dollars, so 633 00:31:24,080 --> 00:31:26,560 Speaker 1: it's gone up way more than the rate of inflation. 634 00:31:26,640 --> 00:31:29,440 Speaker 1: So it has hedged me against inflation, So it has 635 00:31:29,520 --> 00:31:33,200 Speaker 1: done for that. Um. Bitcoin is what we would consider 636 00:31:33,280 --> 00:31:37,000 Speaker 1: hard money. It's harder money than the dollar because the 637 00:31:37,000 --> 00:31:39,400 Speaker 1: Federal Reserve just prints million dollars they want, but nobody 638 00:31:39,440 --> 00:31:42,520 Speaker 1: can print more bitcoin, and so it's harder money. It's 639 00:31:42,520 --> 00:31:45,040 Speaker 1: harder money than gold. Um. If the price of gold 640 00:31:45,040 --> 00:31:46,800 Speaker 1: went to ten thousand dollars and now it's more people 641 00:31:46,840 --> 00:31:49,800 Speaker 1: would go mind gold, and more gold would come into existence. 642 00:31:50,080 --> 00:31:51,680 Speaker 1: But even if the price of bitcoin went to a 643 00:31:51,760 --> 00:31:54,160 Speaker 1: trillion dollars and more people try to mind bitcoin, it 644 00:31:54,200 --> 00:31:58,160 Speaker 1: would not produce more bitcoin. So it's very very very 645 00:31:58,200 --> 00:32:02,760 Speaker 1: hard money, um. And so it should be an inflation head, 646 00:32:02,840 --> 00:32:06,920 Speaker 1: right you think. However, it hasn't really seemed to be 647 00:32:06,920 --> 00:32:12,200 Speaker 1: working like that. Um. And why is that? Well, part 648 00:32:12,280 --> 00:32:14,760 Speaker 1: of it is because is bitcoin a risk on or 649 00:32:14,840 --> 00:32:18,240 Speaker 1: a risk off asset? So US inflation jumped to like 650 00:32:18,280 --> 00:32:21,120 Speaker 1: I said, eight point five percent. Why did bitcoin's price 651 00:32:21,240 --> 00:32:23,480 Speaker 1: rock it up after the inflation print came out? Isn't 652 00:32:23,520 --> 00:32:28,080 Speaker 1: it supposed to be an inflation hedge? Is bitcoin an 653 00:32:28,080 --> 00:32:30,239 Speaker 1: actual inflation? Is it a bad inflication? Is is it 654 00:32:30,240 --> 00:32:32,280 Speaker 1: ever going to be a store value? Right? And so 655 00:32:32,320 --> 00:32:34,520 Speaker 1: there's like all these promises about bitcoin was supposed to 656 00:32:34,560 --> 00:32:39,120 Speaker 1: be and you would think that you know, um, the FED. 657 00:32:39,400 --> 00:32:42,080 Speaker 1: The FED is controlling the money supply. Obviously, no one 658 00:32:42,080 --> 00:32:44,840 Speaker 1: controls the bitcoin supply. The FED is controlling the money supply, 659 00:32:45,040 --> 00:32:49,760 Speaker 1: and they've been given a responsibility for the US monetary 660 00:32:49,800 --> 00:32:53,480 Speaker 1: policy to ensure it's what's called the dual mandate. The 661 00:32:53,560 --> 00:32:56,760 Speaker 1: dual mandates are one maximum employment and two stable prices. 662 00:32:57,080 --> 00:33:00,920 Speaker 1: Now it's interesting about the stable prices is that the 663 00:33:00,960 --> 00:33:05,080 Speaker 1: FED basically has three levers in order to achieve that goal. One, um, 664 00:33:05,160 --> 00:33:08,880 Speaker 1: they can print money, Two they can control interest rates, 665 00:33:09,800 --> 00:33:12,920 Speaker 1: and three they can set the rules for the reserve 666 00:33:12,960 --> 00:33:18,960 Speaker 1: requirements of the banks. So if they put if they say, hey, 667 00:33:19,160 --> 00:33:21,200 Speaker 1: banks you don't need to keep as much in reserves anymore. 668 00:33:21,200 --> 00:33:22,840 Speaker 1: You can create more money than they create more money. 669 00:33:22,880 --> 00:33:25,840 Speaker 1: If they lower interest rates, people borrow more, which creates money, 670 00:33:25,960 --> 00:33:28,200 Speaker 1: or they could just print money directly. So they have 671 00:33:28,280 --> 00:33:32,640 Speaker 1: those things, and they can print money basically by buying 672 00:33:32,720 --> 00:33:35,640 Speaker 1: bonds and things like that. So all money is debt based. 673 00:33:35,680 --> 00:33:38,960 Speaker 1: It's created into existence by debt by loaning it out 674 00:33:40,280 --> 00:33:43,360 Speaker 1: and so um. The other the other mandate is stable prices, 675 00:33:43,400 --> 00:33:46,040 Speaker 1: which is kind of funny. So the FED has this, 676 00:33:46,600 --> 00:33:49,040 Speaker 1: that's their goal. That's their dual mandate, and it's historically 677 00:33:49,080 --> 00:33:52,960 Speaker 1: meant an arbitrary number of two percent target for inflation 678 00:33:53,000 --> 00:33:57,120 Speaker 1: each year, meaning the FED once things to cost two 679 00:33:57,160 --> 00:33:59,800 Speaker 1: percent more each year. That's what that's what that means. 680 00:34:00,080 --> 00:34:01,360 Speaker 1: So their goal is to have two percent. And you 681 00:34:01,440 --> 00:34:03,880 Speaker 1: heard this. We can't quite get two percent inflation. We're 682 00:34:03,880 --> 00:34:05,360 Speaker 1: trying to get two percent. We can't get it, we 683 00:34:05,400 --> 00:34:07,760 Speaker 1: can't get it. Well, their goal of two percent means 684 00:34:08,120 --> 00:34:10,560 Speaker 1: things cost two percent more per year. Or let me 685 00:34:10,560 --> 00:34:13,080 Speaker 1: put it another way, that means you lose two percent 686 00:34:13,239 --> 00:34:15,640 Speaker 1: per year. Let me put it another way. At a 687 00:34:15,680 --> 00:34:20,239 Speaker 1: two percent inflation number, that means your money or your savings, 688 00:34:20,640 --> 00:34:24,320 Speaker 1: your money has a half life of thirty five years, 689 00:34:24,960 --> 00:34:27,840 Speaker 1: So that means that two percent inflation. Their goal, the 690 00:34:27,880 --> 00:34:31,520 Speaker 1: FEDS goal is for you to lose fifty percent half 691 00:34:31,520 --> 00:34:34,919 Speaker 1: of your money in thirty five years. That sound good, 692 00:34:36,239 --> 00:34:38,200 Speaker 1: Sure doesn't sound good to me. Now let me put 693 00:34:38,239 --> 00:34:41,000 Speaker 1: it another way. At seven percent. Now to remember, we 694 00:34:41,080 --> 00:34:44,479 Speaker 1: just at eight point five. At seven percent, that means 695 00:34:44,520 --> 00:34:49,520 Speaker 1: you lose half your money in ten years. That's their goal. 696 00:34:49,920 --> 00:34:53,320 Speaker 1: That's their stated goal. That's what they consider stable prices. 697 00:34:55,360 --> 00:34:58,040 Speaker 1: That's insane. That's what they consider stable prices. I would 698 00:34:58,040 --> 00:35:01,480 Speaker 1: think stable prices means that I don't lose any money 699 00:35:01,520 --> 00:35:03,880 Speaker 1: over ten years, or thirty years or a hundred years. 700 00:35:04,239 --> 00:35:06,160 Speaker 1: I would think that if I put a hundred thousand 701 00:35:06,200 --> 00:35:08,680 Speaker 1: in the bank today, in a hundred years from now, 702 00:35:08,800 --> 00:35:12,000 Speaker 1: I still have a hundred thousand dollars worth of buying power. 703 00:35:12,560 --> 00:35:15,439 Speaker 1: But instead I put a hundred thousand into the bank, 704 00:35:15,760 --> 00:35:18,440 Speaker 1: and in a hunt and a hundred years that hundred 705 00:35:18,440 --> 00:35:22,320 Speaker 1: thousand now only buys me about five thousand dollars worth 706 00:35:22,360 --> 00:35:27,239 Speaker 1: of goods and services or two thousand dollars. So that's 707 00:35:27,320 --> 00:35:30,600 Speaker 1: basically what's happening. Those stable prices are the FEDS gold 708 00:35:31,080 --> 00:35:35,239 Speaker 1: and so in times of high inflation an economics, economic uncertainty, 709 00:35:35,560 --> 00:35:38,840 Speaker 1: investors go risk off, right, They're gonna fly to quality. 710 00:35:39,239 --> 00:35:41,680 Speaker 1: They're gonna say, um, it's too risky. I want to 711 00:35:41,680 --> 00:35:44,440 Speaker 1: go into something like cash or something like government bonds 712 00:35:44,480 --> 00:35:47,319 Speaker 1: that guarantee me something something like gold even and you 713 00:35:47,360 --> 00:35:50,720 Speaker 1: know it's better than gold gold to point oh or bitcoin. 714 00:35:51,160 --> 00:35:53,480 Speaker 1: So we have high inflation, so everyone just piled right 715 00:35:53,520 --> 00:35:55,880 Speaker 1: into bitcoin right then the price went up. That's not 716 00:35:55,920 --> 00:35:59,239 Speaker 1: exactly happened and why not, Well, it's because it's a 717 00:35:59,280 --> 00:36:03,000 Speaker 1: little bit who soon, right, There's one thing missing, it's 718 00:36:03,040 --> 00:36:06,400 Speaker 1: the narrative. So bitcoin's hard money properties do make it 719 00:36:06,440 --> 00:36:09,759 Speaker 1: a risk off asset for its supporters, but most investors 720 00:36:09,800 --> 00:36:12,840 Speaker 1: still see it like a stock, like a risk on asset. 721 00:36:13,480 --> 00:36:17,120 Speaker 1: And so even though if you really understand it, you 722 00:36:17,200 --> 00:36:19,720 Speaker 1: understand it's hard money and it's risk off, most people 723 00:36:19,760 --> 00:36:21,360 Speaker 1: buying it today still look at it as a stock 724 00:36:21,440 --> 00:36:25,560 Speaker 1: as risk on, and so it's really Bitcoin is more 725 00:36:25,560 --> 00:36:28,239 Speaker 1: of like an aspirational store of value than the best 726 00:36:28,239 --> 00:36:30,279 Speaker 1: store of value right now today, unless you have a 727 00:36:30,280 --> 00:36:33,040 Speaker 1: long enough period of time, and the narrative needs to 728 00:36:33,040 --> 00:36:35,320 Speaker 1: penetrate more than a hundred million people that own it 729 00:36:35,360 --> 00:36:38,560 Speaker 1: today and get to the other seven point eight billion 730 00:36:38,640 --> 00:36:41,400 Speaker 1: people who don't view this system as a store of 731 00:36:41,480 --> 00:36:47,040 Speaker 1: value yet. However, that makes it our opportunity because the 732 00:36:47,080 --> 00:36:49,960 Speaker 1: rest of those people don't realize this yet. Then we 733 00:36:50,080 --> 00:36:52,279 Speaker 1: have an advantage to front run that we can get 734 00:36:52,320 --> 00:36:56,120 Speaker 1: in now before the masses do. So. The cost of 735 00:36:56,160 --> 00:37:01,080 Speaker 1: admission is one volatility and two having to wait. If 736 00:37:01,120 --> 00:37:03,360 Speaker 1: you can stomach the volatility, the price is going up 737 00:37:03,360 --> 00:37:05,520 Speaker 1: and down and you can afford to wait five years, 738 00:37:05,920 --> 00:37:09,960 Speaker 1: you will be handsomely rewarded. The flip side is if 739 00:37:10,000 --> 00:37:13,319 Speaker 1: you have instant gratification and you can't wait a couple 740 00:37:13,320 --> 00:37:15,160 Speaker 1: of years and you can't stomach the volatility, then you 741 00:37:15,160 --> 00:37:17,759 Speaker 1: can wait and buy it later. You're listening to the 742 00:37:17,800 --> 00:37:21,480 Speaker 1: Markmas Show talking about bitcoin, cryptocurrencies and the decentralized revolution, 743 00:37:22,280 --> 00:37:25,080 Speaker 1: giving you the play by play. Hopefully this made sense 744 00:37:25,080 --> 00:37:27,160 Speaker 1: to you. Hopefully you can stomach and wait it out, 745 00:37:27,200 --> 00:37:29,320 Speaker 1: because you will be rewarded thanks for listening.