Speaker 1: Hello, and welcome to another episode of The Mark Moss Show,
Speaker 1: where we talk about bitcoin cryptocurrencies. We talk about the
Speaker 1: decentralized revolution that we are living through that we're witnessing
Speaker 1: right now, and it is never a dull moment as
Speaker 1: we are witnessing the world change right before our very eyes. Man,
Speaker 1: I know I say it a lot, but I just
Speaker 1: I'm just continued just to be impressed by just you know,
Speaker 1: the old Vladimir Lyndon quote of um decades where nothing
Speaker 1: seems to happen, and then decades or days where decades
Speaker 1: seemed to happen. And that's exactly kind of where we're
Speaker 1: living through. You know, I've been talking about bitcoin and
Speaker 1: cryptocurrencies basically full time since like two thousand and sixteen.
Speaker 1: I got into it in and once I kind of
Speaker 1: really understood what it was. Well, I'm still trying to
Speaker 1: figure out what it is. For all of you guys
Speaker 1: that think you already know what you're talking about, I'm
Speaker 1: still trying to figure out what it is. But when
Speaker 1: I when I kind of thought I had understood what
Speaker 1: it was, I was like, dang, I gotta I gotta
Speaker 1: tell the whole world about this. So I guess well,
Speaker 1: let me let me tell you my story real quick.
Speaker 1: Maybe I don't know if I've done that before. So, um,
Speaker 1: you're listening to the Mark Moa Show, and I'm talking
Speaker 1: about bitcoin of cryptocurrencies, and as will tell you my
Speaker 1: own little experience here. So you know, I, uh, let's
Speaker 1: say that I had become pretty disillusioned with the financial
Speaker 1: system and the political system after the two thousand eight
Speaker 1: Great Financial Crash. It was devastating for me. UM. I
Speaker 1: lost a lot of money. I pretty much got wiped out.
Speaker 1: I then had to go and try to figure out
Speaker 1: what this whole financial system was about. As I started
Speaker 1: to dig deep into that and try to learn that, UM,
Speaker 1: I became, you know, very disillusioned with the system, to
Speaker 1: say the least. UM and I and I figured out
Speaker 1: that the problem was that we had this inflationary monetary
Speaker 1: system basically where the FED can just create unlimited amounts
Speaker 1: of money. And if we could go back to something
Speaker 1: like the gold standard, UM, where we had sound money,
Speaker 1: hard money, hard money or sound money, meaning that uh,
Speaker 1: nobody could just go create more of it, right, get
Speaker 1: a limited amount. If you can go back to something
Speaker 1: like that, then that could solve a lot of the
Speaker 1: problems when I became this goldbug, and um, you know,
Speaker 1: moving forward, I became this gold bug, and I started,
Speaker 1: like I said, very disillusioned with politics, to the point
Speaker 1: where I kind of wanted to just ignore it. I
Speaker 1: was like, you know it, it doesn't do me any
Speaker 1: good to pay attention to this. UM get all excited
Speaker 1: by it. Politics gets a lot of dopamine released in
Speaker 1: our bodies. That's why we get really addicted to it.
Speaker 1: But I said, it's kind of a waste of my time.
Speaker 1: My vote doesn't count. UM, nothing I can do is
Speaker 1: gonna change anything. I'm not connected enough to be part
Speaker 1: of the inside. UM, So my goal would just be
Speaker 1: to move away to Central America somewhere I live on beach,
Speaker 1: surf and fish and just you know, I don't want
Speaker 1: to be a freedom fighter. That's why I told my wife,
Speaker 1: I don't want to be a freedom fighter. And I was.
Speaker 1: I was subscribed to this newsletter shout out to Sovereign Man.
Speaker 1: If and you guys ever heard that, and if not,
Speaker 1: you should check it out. And I subscribed to this
Speaker 1: newsletter called Sovereign Man, which is a newsletter that talks
Speaker 1: about being exactly what the name says, which is being
Speaker 1: you know, a sovereign man, sovereign Um. The way that
Speaker 1: I look at sovereign is sovereignty is being able to
Speaker 1: direct my life as I see fit in a way
Speaker 1: that leads to my own ends. So I'm not being
Speaker 1: coerced like a coercion would be. Um, I'm forced to
Speaker 1: make a choice that leads to somebody else's end. So
Speaker 1: for example, take the jab or lose your job. Well,
Speaker 1: either choice I make leads me to your ends, it
Speaker 1: doesn't lead me to my ends. So sovereign tya means
Speaker 1: I can make my choices that leads me to my ends.
Speaker 1: So a sovereign man being a being a man that
Speaker 1: that can control my destiny if you will. And he
Speaker 1: made he made the very compelling case that you wouldn't
Speaker 1: put all your money into one stock, would you write
Speaker 1: or one investment? Of course, the answer is no, And
Speaker 1: why wouldn't you do that? Well because of risk. And
Speaker 1: so if you wouldn't do that, then why do you
Speaker 1: have your whole life in one country? M hmm. It's
Speaker 1: very compelling argument. I had to think about that and
Speaker 1: the answer is, well you maybe shouldn't. Especially um at
Speaker 1: that time, this is back. You know twenty thirteen, fourteen
Speaker 1: fifteen that I was kind of reading this and thinking
Speaker 1: about this. Of course it's never been more more true
Speaker 1: and real today is something that I spent a lot
Speaker 1: of time and so what I'm pounding the table onto
Speaker 1: something called financial sovereignty, which is a financial freedom. But
Speaker 1: then you use that freedom to have I'm sorry that
Speaker 1: financial financial freedom part to have more sovereignty and more freedom.
Speaker 1: So financial sovereignty, that's what I like to focus on.
Speaker 1: Of course, if you're tune in on a regular basis,
Speaker 1: then you know that that's what I talked about. We're
Speaker 1: making money, We're working on our freedom, more options to
Speaker 1: deal in the world of uncertainty. If you're not tuning
Speaker 1: in on a regular basis, then you should so make
Speaker 1: sure to put a calendar reminder for this date at
Speaker 1: this time this channel and joined me each and every week.
Speaker 1: And if you want to know more about financial sovereignty,
Speaker 1: I care about it so much. Not only do I
Speaker 1: talk about all the time, I actually started an event
Speaker 1: just to focus on financial sovereignty and help people learn
Speaker 1: more about it and have more money and freedom with
Speaker 1: same time. You can check that out of market Disruptors
Speaker 1: Live dot com. We're actually having our our second annual
Speaker 1: live event coming up next month. Be awesome to come
Speaker 1: out and meet some new people, make some new friends, meet,
Speaker 1: meet and greet me and some of the best speakers
Speaker 1: in the world to talk about how to make more money, build, grow,
Speaker 1: protect your wealth, as I like to say it. So
Speaker 1: market Disruptors Live dot com check that out. But so
Speaker 1: I was on this path for sovereignty, and I was
Speaker 1: he makes the case that why would you have your
Speaker 1: whole life in one country? And so we're in a
Speaker 1: digital aige. You can have multiple flags and multiple countries,
Speaker 1: and so why not have bank accounts in other countries?
Speaker 1: In that way, off your bank in your country sees
Speaker 1: your bank accounts here, you have bank acounts otherwhere. Why
Speaker 1: not have gold stored in other countries? Why not have
Speaker 1: multiple passports and these types of things. And so I
Speaker 1: was actually in the process of um setting up a
Speaker 1: corporation in Panama, so I could set up a trust
Speaker 1: in Panama, I could open up a bank acount of Panama,
Speaker 1: put about seventy five thousand dollars at the time back
Speaker 1: into the bank account and one it would earn very
Speaker 1: good interest. I think at the time I was paying
Speaker 1: like seven percent interest in the bank, which was pretty
Speaker 1: pretty good. Especially considering today's terms it's at zero. So
Speaker 1: I'd make like seven percent of my money, which was
Speaker 1: pretty good back then. Um, well, it's good right now
Speaker 1: to UM. And then the best part is then I
Speaker 1: would get residency. So then I can get residency, and
Speaker 1: then after several years I think it was five years,
Speaker 1: I could actually get UM citizenship. I can get a passport.
Speaker 1: If I would have done that, I would have my
Speaker 1: citizenship by now. But but I didn't do it. And
Speaker 1: the reason why I didn't do it is I took
Speaker 1: another look at bitcoin and it has been coming across
Speaker 1: my desk for a while. I've been in the tech
Speaker 1: space and the internet space for a long time. I
Speaker 1: started internet business in two thousand and one at the
Speaker 1: bottom of the dot com crash, and I've been on
Speaker 1: the internet ever since since. So I'm a tech guy,
Speaker 1: I'm an investor. And so it had come across my
Speaker 1: desk many times and had ran up to like a
Speaker 1: thousand dollars and then it had dropped back down to
Speaker 1: like a couple hundred bucks, and I was like, maybe not,
Speaker 1: but I took another look at I bought it. I'm like,
Speaker 1: this is the same thing. It's like getting my money
Speaker 1: out of the bank, which is what I was ultimately
Speaker 1: trying to do. So I bought bit and once I
Speaker 1: found out about it, once I once I put some
Speaker 1: in what we call it putting a little skin in
Speaker 1: the game. Once I had a little skin in the game,
Speaker 1: I had a little bit of bitcoin, and then it
Speaker 1: encouraged me to start learning more about it. And as
Speaker 1: I started learning more about it, I started to realize, like,
Speaker 1: we actually have a tool that we can win with,
Speaker 1: Like this is something we can do. And so I
Speaker 1: have to tell everybody in the world that I know
Speaker 1: about it. And so I did. And as I said,
Speaker 1: where I started the story is I've been talking about bitcoin,
Speaker 1: uh and cryptocurrencies and this decentralized revolution now full time
Speaker 1: since about and the reason why I say that is
Speaker 1: um bitcoin and cryptocurrency has had this amazing run seventeen.
Speaker 1: Bitcoin started the year twenty seventeen and a thousand dollars
Speaker 1: and finished the year twenty thousand dollars amazing at twenty
Speaker 1: return in just a year. UM. But then in December,
Speaker 1: seeen it had this spectacular blow off top um and
Speaker 1: dropped all the way back down to three thousand and
Speaker 1: everybody was mad and upset and sad and what I room?
Speaker 1: And then nineteen happened and there was like nothing going
Speaker 1: on and there was like nothing to talk about, Like
Speaker 1: it was literally like this long cold winter, and I
Speaker 1: went for like a year and it's like, man, what
Speaker 1: can I even talk about now? And I'm like starting
Speaker 1: to talk about like just more like general business stuff.
Speaker 1: Maybe I talked about a little bit of like personal
Speaker 1: development stuff, like it's boring around here, what the heck
Speaker 1: is going on? And the reason why I say that
Speaker 1: is because there's decades where nothing seems to happen. And
Speaker 1: in that case, there was a couple of years where
Speaker 1: nothing seemed to happen, and here we are now there's
Speaker 1: days where decades seemed to happen. And so today it's
Speaker 1: like every day there's like multiple stories I need to
Speaker 1: be talking about, which um. By the way, I'm thinking
Speaker 1: about starting a daily podcast and a daily YouTube show.
Speaker 1: If you're not following me on YouTube, you shop Mark Moss.
Speaker 1: I got a lot to cover today because there's so
Speaker 1: much that happened, So do not go away. I'm going
Speaker 1: to be right back. All right, welcome back. You are
Speaker 1: listening to the Mark Moss Show, and we're talking about,
Speaker 1: as I said, bitcoin and crypt occurrency. You know, we're
Speaker 1: talking about this decentralized revolution, um that's sweeping the world.
Speaker 1: Before the break, I was just talking about how sometimes
Speaker 1: you know, decades where nothing seems to happen, and here
Speaker 1: we are where everything seems to happen. And I'm talking
Speaker 1: about this, you know, on a daily basis, about this
Speaker 1: decentralized revolution, that's what That's what I call it. And
Speaker 1: I've been talking about a lot. If you haven't heard
Speaker 1: about these three revolutionary cycles that are converging, and do
Speaker 1: you hear a lot about a lot of people talking
Speaker 1: about different aspects of this. So, for example, Ray dalio
Speaker 1: Um one of the smartest investors in the world, the
Speaker 1: founder of Bridgewater Capital, the largest fund in the world.
Speaker 1: He recently wrote a book called The Changing World Order.
Speaker 1: It's an amazing book. I highly recommend it. Um. It's
Speaker 1: a big book. It's thick book with tons of charts,
Speaker 1: tons of data, and he really outlines a bunch of things,
Speaker 1: including you know, these long term debt cycles. So really
Speaker 1: he focused on like the financial revolution aspect about every
Speaker 1: eighty years the financial um the financial system is reset
Speaker 1: and he really and he really talks about the rise
Speaker 1: and fall of empires and it's great. Again, highly recommend it.
Speaker 1: I like to take that. So there's this eighty year
Speaker 1: financial revolution cycle and then look at it with a
Speaker 1: tune into your political revolution cycle, UM. And then your
Speaker 1: revolution cycle is basically like a pendulum that swings back
Speaker 1: and forth and UM. On an your time frame, we
Speaker 1: move towards globalization or centralization, where things get more and
Speaker 1: more centralized, more central government, more central banks, right w EF,
Speaker 1: World to Health, World Economic Form, World Health Organization, World
Speaker 1: Trade Organization, the I, m F, the U N, et cetera.
Speaker 1: These central entities taking more and more control over our lives.
Speaker 1: So the world has been swinging that way, and now
Speaker 1: that pendulum is maxing out, it's ready to swing back
Speaker 1: the other way. So's something I've talked a lot about.
Speaker 1: If you want to learn more about that, you can
Speaker 1: just search Mark Moss um three cycles something like that.
Speaker 1: Go to go to YouTube search of Mark Moss three cycles.
Speaker 1: You'll see that UM. And So really, if you look
Speaker 1: at it's like I said it on a tune and
Speaker 1: fift year time frame and sort of like the four
Speaker 1: seasons of the year's you know, summer, spring, winterfall. On
Speaker 1: the calendar, there's an exact date that that season switches,
Speaker 1: but that doesn't mean the weather changes that exact day, right,
Speaker 1: So it's kind of like plus or minus a little bit.
Speaker 1: And so that's kind of how these cycles are as well,
Speaker 1: about every eighty years eighty four years, right about every
Speaker 1: two and fifty years, and so if you kind of
Speaker 1: have this range, and so that's kind of where we're at.
Speaker 1: I think this range really started about twenty seventeen seventeen
Speaker 1: and it ends about twenty So that's kind of this
Speaker 1: we're in. We're in this where the where the pendulum
Speaker 1: is maxing out and then swinging back the other way,
Speaker 1: and so as it maxes out and swings back, it's
Speaker 1: in that range, right, So that's kind of where we're
Speaker 1: app And so it really started with Brexit, righten brexit um.
Speaker 1: That was Britain trying to break apart from the EU.
Speaker 1: Right So the EU was massive centralization, just centralized the
Speaker 1: whole continent of Europe right um. And then Brexit was like, hey,
Speaker 1: we don't want to be part of that big central
Speaker 1: force a name were let's break apart. Um. Donald Trump
Speaker 1: getting elected was was another symbol of that, right was
Speaker 1: rejecting the status quo. Hillary Clinton was would have been
Speaker 1: more um centralization, right, she was part of that status quo. Uh.
Speaker 1: Trump getting elected was the symbolization of that pendulum swinging
Speaker 1: back where people are saying, no, we don't want that anymore. Um.
Speaker 1: The the yellow jacket protest in Paris, you know, was
Speaker 1: that And so we see this and here we are
Speaker 1: now today, two thousand twenty two, and we are at
Speaker 1: the climax. I mean, it's it's the climax. The pendulum
Speaker 1: is rapidly starting to move the other way. And uh
Speaker 1: so much that you know, this Russia Ukraine war is
Speaker 1: really exaggerated this. And Larry Fink, the CEO of Blackrock,
Speaker 1: the largest asset manager in the world, about two weeks ago,
Speaker 1: came out and said, this is the end of globalization.
Speaker 1: It's that big so um, Like I said, you can
Speaker 1: watch those videos if you want to know more about that,
Speaker 1: just search Mark Moss and three cycles on YouTube. But um,
Speaker 1: what I want to talk about today was more like,
Speaker 1: what what would deglobalization mean for the financial markets? What
Speaker 1: does it mean for inflation? More specifically, what would it
Speaker 1: mean for bitcoin? Something I wanted to talk about I
Speaker 1: think I thought to be pretty interesting, especially seeing as
Speaker 1: here we are witnessing all of this happening right here
Speaker 1: before our very eyes. So what would it mean for bitcoin?
Speaker 1: What would it means specifically for bitcoin's price? I think
Speaker 1: that's what a lot of people want to know. I
Speaker 1: don't typically talk about price a lot because I think
Speaker 1: it's probably the least interesting aspect of bitcoin. Um When
Speaker 1: you're looking at a new technology like bitcoin, a technological revolution, Really,
Speaker 1: the way that you want to look at it is
Speaker 1: you want to look at user adoption, use your growth.
Speaker 1: Are we getting more users on the network, and two
Speaker 1: are we having development on the network? Those are the
Speaker 1: most interesting things. The price, the price will get there um.
Speaker 1: The price of bitcoin is very volatile. What does that mean?
Speaker 1: It goes up and down a lot, up and down,
Speaker 1: up and down, up and down. Now, volatility, for some
Speaker 1: people say it's a bad thing. They say, how can
Speaker 1: bitcoin never be used for a store value? It's too volatile?
Speaker 1: But volatility is a good thing and it's a bad
Speaker 1: thing because volatility works both ways. Up and down. If
Speaker 1: it never went up, the bitcoin would just always be
Speaker 1: at zero. It would never go up. You can't go
Speaker 1: from zero to forty dollars in UM, you know, twelve
Speaker 1: years without volatility. So that's just the price that you pay.
Speaker 1: The way that I like to look at volatility is
Speaker 1: it's the It's the difference between perception and reality. So
Speaker 1: what do I mean by that, Well, the reality is
Speaker 1: is that the bitcoin network itself is and bitcoin technology.
Speaker 1: The reality is it's growing. We're getting more users, we're
Speaker 1: getting more adoption. Billionaires are now using it as a reserve.
Speaker 1: Fortunate companies are now using it as the reserve. Countries
Speaker 1: like El Savador are now using it as their reserves.
Speaker 1: States in the United States are starting to now accept
Speaker 1: payments and fees in it um. Other governments like Mexico
Speaker 1: now have put laws into the effect to put it
Speaker 1: as legal tender in the in those countries as well.
Speaker 1: So the network is growing, the network effects, more people
Speaker 1: are using it, and at the same time we're stealing
Speaker 1: more and more mind share. So we have some of
Speaker 1: the best and brightest people. I mentioned Ray Dalio's Bridgewater Capital.
Speaker 1: The CFO left Bridgewater Capital to work for a bitcoin company,
Speaker 1: we're stealing massive amounts of mind share. At the Bitcoin
Speaker 1: conference last week, we had Jordan Peterson come as one
Speaker 1: of the headliners. Now he's probably one of the smartest
Speaker 1: intellectuals in the world today and he's at the Bitcoin conference.
Speaker 1: So we're just this, we're this, this amount of mind share.
Speaker 1: It's just all being sucked in. So the network is
Speaker 1: growing rapidly um and the mind shares growing rapidly. That's
Speaker 1: the reality. The perception, though, is the volatility. So what
Speaker 1: happens is people see these moves and they get so
Speaker 1: excited they start pushing the price up. And the price
Speaker 1: goes up how higher and faster and further from reality
Speaker 1: than it should be. People think it's it's it's it's
Speaker 1: it's guaranteed, it's gonna be here tomorrow. Everybody buy in, right,
Speaker 1: and so their their perception gets over exaggerated, and then
Speaker 1: people go, well, you know, it's it's it's not that big,
Speaker 1: and then it starts selling off, and then it gets oversold,
Speaker 1: and then it it goes below reality. But reality, I mean,
Speaker 1: if I was drawing this out for you on a
Speaker 1: piece of paper, if I had reality moving at like
Speaker 1: a forty five degree angle. Right, it's it's moving on
Speaker 1: upward trajectory. More users, more adoption, more mind share, more development. Right,
Speaker 1: that's the reality. The perception goes up and down like
Speaker 1: an s across that line gets overvalued and then it
Speaker 1: gets sold off and it's undervalued, and then it goes
Speaker 1: back to overvalued and undervalued. And that's good thing. And
Speaker 1: it's also our opportunity because if we understand this, then
Speaker 1: we have an opportunity to get in and play these
Speaker 1: little things. Now I'm not a trade or I don't
Speaker 1: recommend that you trade it. But what happens is when
Speaker 1: it gets over sold and it snaps below what we
Speaker 1: believe that reality to be, that's our chance to buy in.
Speaker 1: And so it gives us that opportunity. But uh, as
Speaker 1: I talk about price being not that that interesting, I
Speaker 1: don't talk about that much. Here. We are talking about
Speaker 1: the price, But I want to talk more specifically about
Speaker 1: what would what would this whole global deglobalization mean that
Speaker 1: we're going through the rush of Ukraine wars exaggerating. Larry
Speaker 1: Think says it's in the globalization. The pendulum is swinging
Speaker 1: back from centralization to decentralization. Deglobalization, what does it mean
Speaker 1: for bitcoin? And more specifically, what does it mean for
Speaker 1: bitcoin's price? Um As things have glows as we've moved
Speaker 1: towards globalization, people have enjoyed lower costs right from the
Speaker 1: expansion of free trade, um offshoring labor, having products made overseas.
Speaker 1: And as that unwinds, what happens to bitcoin, what happens
Speaker 1: to bitcoin's price. I'm going to talk about that and more.
Speaker 1: You're listen to the Mark Moa Show talking about of
Speaker 1: course bitcoin, cryptocurrencies and the decentralized during this point, the
Speaker 1: d globalized world that we're moving into. Super fascinating to
Speaker 1: be to be living through this right now. That's the
Speaker 1: point where literally history books will be written. And if
Speaker 1: you navigate this correctly, it could be the biggest opportunity
Speaker 1: of your life, which I think it is. I think
Speaker 1: it's the greatest risk adjusted opportunity we've ever seen. But
Speaker 1: you have to understand what you're seeing and that's what
Speaker 1: I'm here to say to tell you, So don't go away.
Speaker 1: I'm gonna be right back with more. All right, welcome back.
Speaker 1: You're listening to the Mark Moa Show. We're talking about bitcoin, cryptocurrencies,
Speaker 1: the decentralized revolution. Of course, we talked about each and
Speaker 1: every week. Um, we talked about each every week because
Speaker 1: it's the biggest thing happening in the world. The world's
Speaker 1: changing as we speak, and it's going to be It's
Speaker 1: not gonna be good for most people that aren't paying attention,
Speaker 1: but it could be the biggest opportunity of your life
Speaker 1: if you navigate it correctly. And of course that's what
Speaker 1: I want for you. That's what it is, has already
Speaker 1: been for me, and and it will continue to be
Speaker 1: and I want you to be a part of that.
Speaker 1: So we're talking about the globalization. I was talking about
Speaker 1: the price of bitcoin being the least important part, but
Speaker 1: talking about globalization and what does it mean for bitcoin's
Speaker 1: price because we have all these catalysts going on in
Speaker 1: the world. We have massive inflation, and people are like, well,
Speaker 1: shouldn't this be good for bitcoin? Then why isn't the
Speaker 1: price of bitcoin going up? And people aren't able to
Speaker 1: figure that out, and then we have this deglobalization and
Speaker 1: shouldn't that be helping, right? I mean, if the dollars dying,
Speaker 1: shouldn't bitcoin be the beneficiary? So I want to talk
Speaker 1: about that. So obviously, what's setting this up I was
Speaker 1: kind of hinting to is is history tells us right
Speaker 1: on your time frame, we max out on globalization centralization
Speaker 1: and the world pushes back or the pendulum swings back
Speaker 1: to decentralization or deglobalization, and so, um, you know, if
Speaker 1: the pandemic seems like a black Swan event, or um,
Speaker 1: the rush of Ukraine war seems like a black Swan event,
Speaker 1: it's not. We already knew that right now we would
Speaker 1: be rejecting globalization and moving back to deglobalization. And that's
Speaker 1: exactly what's happening, and we're watching it unfold like we
Speaker 1: knew it would. I've been talking about this for over
Speaker 1: a year and a half. You can go back and
Speaker 1: study that. To go back and check out my YouTube channel,
Speaker 1: just search Mark Moss three cycles you'll find that information. So, um,
Speaker 1: we have this geopolitical crisis ress Ukraine, and what's happening
Speaker 1: is over the last I mean really two and or
Speaker 1: fifty years. But really, if we just look back over
Speaker 1: like the last fifty years, the United States and really
Speaker 1: the world has been globalizing. So we've been starting to
Speaker 1: work more with each other's countries. We're having more products.
Speaker 1: The United States is offshore, and a lot of the
Speaker 1: manufacturing base it's having products made in overseas and Asia,
Speaker 1: things like that. UM. We're getting these interconnected systems that
Speaker 1: UM tie everything together, supply chains, UM, you know, shipping lines,
Speaker 1: all these things. And what that's allowed for things to
Speaker 1: do is for UM, as the world gets more connected,
Speaker 1: it's allowed things to get cheaper. So we took a
Speaker 1: fifty tho dollar a year job that was in the
Speaker 1: United States and now it's eight thousand dollars over in India.
Speaker 1: We take a hundred dollar electronic part that was made
Speaker 1: in the United States and now it's made for eight
Speaker 1: dollars over in Asia or something like that. And so
Speaker 1: what's happened is, especially over the last fifty years, is
Speaker 1: we've had this globalization which has brought prices down at
Speaker 1: the same time as the central banks around the world
Speaker 1: have created trillions of dollars. So creating trillions of dollars
Speaker 1: is inflationary. That inflates the monetary supply, which then pushes
Speaker 1: prices up. But as it's been doing that, the world
Speaker 1: has been globalizing, which has been pushing prices down. And
Speaker 1: so it's been able to hide a lot of this,
Speaker 1: but as we start to reverse that, they're not going
Speaker 1: to be able to hide that. And we can see that. Um,
Speaker 1: you know, since the fall of the I mean, like
Speaker 1: I said, if you want to look at like the
Speaker 1: last fifty years, it's really started the fall of the
Speaker 1: Soviet Union nineteen. Any one really started that. Um. But
Speaker 1: it's been happening for a long time, faster and faster
Speaker 1: and faster. And now economists think that, Um, as this
Speaker 1: starts to break apart, doesn't take an economist to figure
Speaker 1: this out. Um, to make certain commodities or products, it's
Speaker 1: going to become more expensive. Doesn't take a genius to
Speaker 1: figure that out. Right, Uh, if if if if it
Speaker 1: was a hundred dollars to make in the US, and
Speaker 1: then there was eight dollars to make an Asian now
Speaker 1: have to make in the US again. Of course it's
Speaker 1: going to be more expensive. It's easy and um if
Speaker 1: we have to onshore all this labor again. And I
Speaker 1: so now I used to pay people eight thousand dollars
Speaker 1: over the season, have to pay them fifty in the US.
Speaker 1: I'm gonna have to charge more for my products, just
Speaker 1: the way it is. And so while we've been enjoying
Speaker 1: these lower prices that might be over, the trend is reversing,
Speaker 1: so to speak, because, like I said, the end of
Speaker 1: this globalization, we can't we can't trust each other anymore.
Speaker 1: We can't trust each other with the with the with
Speaker 1: the financial system. Um. You know we have and even
Speaker 1: before the Rush of Ukraine thing, we had the the U. S.
Speaker 1: China trade war that broke out and that worsen, you know,
Speaker 1: with with the global what it's called the coronavirus pandemic um.
Speaker 1: Then that started straining supply chains. You hear a lot about,
Speaker 1: you know, the bid administration, tendues. Inslation is happening because
Speaker 1: supply chain supply chains, right, and so started with the
Speaker 1: US trying to trade war, then it went into the pandemic,
Speaker 1: and then of course now we have the Rush of
Speaker 1: Ukraine war, which none of them are black swans, right,
Speaker 1: this this is all predicted, um. And so we've seen
Speaker 1: that exports are getting choked off in some cases, you know,
Speaker 1: we can't get enough parts, which then mains prices go
Speaker 1: up even more. But this is all part of the globalization.
Speaker 1: But what is the economic impact of them? So as
Speaker 1: global trade and many goods of commodities get disrupted even further,
Speaker 1: then end product prices will continue to rise and contribute
Speaker 1: to inflation. Right, what we've seen just so far from
Speaker 1: the rush of Ukraine war is causing shortage of oil
Speaker 1: and gas, which turns out we need those things. Unlike
Speaker 1: a lot of people thinking that we have already built
Speaker 1: up enough. Um they call it renewable energy. I like
Speaker 1: to call it unreliable energy because the wind doesn't always
Speaker 1: blow and the sun doesn't always shine, and so it
Speaker 1: turns out we don't have wind and solar built up
Speaker 1: like they told us that we did, and turns out
Speaker 1: we still need things like oil and gas to survive.
Speaker 1: I've not only we need oil and gas to like
Speaker 1: move our cars and our planes, which of course move
Speaker 1: our food. We actually need it for the production of food.
Speaker 1: So we need the natural gas to make the fertilizer
Speaker 1: to make the crops. And guess what, we still need food.
Speaker 1: And so now we're having shortage of oil and gas,
Speaker 1: and that means we're having short shortage of food, food shortages,
Speaker 1: food crisis. Really Wheat, nickel and neon we need those
Speaker 1: for you know, electronics, all sorts of goods. We're starting
Speaker 1: to see that we're having shortages, which is pushing prices up.
Speaker 1: And uh, those kinds of shortages of course supply and demand.
Speaker 1: We go shortage of goods and then that pushes the
Speaker 1: prices up, leads to price pikes at the same time,
Speaker 1: you know, more supply chain issues cause more price spikes
Speaker 1: than it's this it's this vert vicious cycle, if you will.
Speaker 1: And turns out the central banks are good at printing money,
Speaker 1: but they can't print more oil or natural gas imagine that,
Speaker 1: which is pretty interesting. So there's really not a lot
Speaker 1: they can do. Now. They could go print a fut
Speaker 1: trillion dollars and say, go build more more energy production plants,
Speaker 1: or go grow more food, but it takes years to
Speaker 1: get there, so it's not something they can just do.
Speaker 1: And you know, we we hear a lot about inflation, inflation, inflation.
Speaker 1: As a matter of fact, in the last week or two,
Speaker 1: the latest CPI consumer price index numbers came out from
Speaker 1: the government, and we're at eight point five, a record
Speaker 1: level that we haven't been to and I think forty
Speaker 1: two years since the eighties, which of course when we
Speaker 1: had record high inflation back then. As well, and and
Speaker 1: we cured it with then President Reagan's FED chair Paul Volker,
Speaker 1: getting crazy and raising rates to over twenty percent. Twenty.
Speaker 1: Now they've been at zero for the last several years
Speaker 1: and they had to raise to stop it. Um And
Speaker 1: so here we are at that at that place again.
Speaker 1: But the you know, the Federals EVE thinks they can
Speaker 1: control inflation by raising interest rates and and you know,
Speaker 1: shrinking the size of its balance sheets supposedly. But even
Speaker 1: if they do that, it's unlikely that higher prices are
Speaker 1: going to go away soon. Because they can raise rates
Speaker 1: all they want, they can shrink the balance sheet all
Speaker 1: they want, but as I said, they can't print more energy.
Speaker 1: They can't print more oil and gas, they can't print
Speaker 1: more wheat. That doesn't just come back, And so we're
Speaker 1: going to have those massive inflationary force. It doesn't seem like, um,
Speaker 1: the higher price is going to go away anytime soon.
Speaker 1: And so what happens then to the U S. Dollars
Speaker 1: dominance in global commerce. Well, if if supply chains start
Speaker 1: breaking down, we don't need as much global commerce. And
Speaker 1: so now we probably um see the dollar starting to
Speaker 1: lose more ground as the major global currency um, not
Speaker 1: not that it would lose I'm not necessary calling for
Speaker 1: an end of the dollar's reserve currency status, but we
Speaker 1: definitely see a fragmentation at a smaller level. Um. And
Speaker 1: so if we're not trading globally, then we could use
Speaker 1: more localized currencies and things like that. And already seeing that,
Speaker 1: we're already seeing that with some countries. They're already renegotiating
Speaker 1: their currency to get paid. So for example, Russia says,
Speaker 1: if you want our gas, then you've got to pay
Speaker 1: in our currency. We don't want that other currency. There's
Speaker 1: a lot of reasons for that, and I'm not going
Speaker 1: to go into all that. We could go down that
Speaker 1: whole rabbit hole. But the point is that we're already
Speaker 1: starting to see some countries renegotiating in their currency. So
Speaker 1: I'm not saying the dollar is gonna lose the reserve
Speaker 1: status of the world right away, um or maybe even ever.
Speaker 1: I mean, I believe it will, but but it's not
Speaker 1: inevitable at this point. But we will start to see
Speaker 1: more fragmentation. It's already happening. Oh man, you listen to
Speaker 1: the Mark Moa show. We're talking about bitcoin, cryptocurrencies. We're
Speaker 1: talking about the decentralized revolution. We're talking about the way
Speaker 1: the world is going through de globalization and what would
Speaker 1: be the impact on bitcoin's price as that happens. That's
Speaker 1: exactly what I'm I'm gonna explain to you. Like I said,
Speaker 1: the price is not always the most interesting thing, but
Speaker 1: in this case it is. So I'm gonna explain to
Speaker 1: you what I think is going to happen to the
Speaker 1: price as this all unwinds, and is it a risk
Speaker 1: on or risk off asset that's want to cover when
Speaker 1: I come back. You don't want to miss this, so
Speaker 1: don't go away. I'll be right back. All right, Welcome back.
Speaker 1: You are listening to the Mark Moa Show, and we
Speaker 1: are talking about bitcoin. We're talking about cryptocurrencies, We're talking
Speaker 1: about the decentralized revolution. Like we talked about each and
Speaker 1: every week. I like to focus on the intersection of politics, finance,
Speaker 1: and technology. It's where those three come together. In the
Speaker 1: first segment, I was referencing Readalio's book The Changing World Order.
Speaker 1: It's an amazing book. I highly recommend it. Um It's
Speaker 1: got so much research, so many charts, it's so good.
Speaker 1: But it only focuses on the financial side of things
Speaker 1: a little bit talking about how the financial side of
Speaker 1: things leads into the political side of things, but he
Speaker 1: completely overlooks the technological side of things. And if you
Speaker 1: go back through study history, and this is why I
Speaker 1: don't understand how many how he misses this. If you
Speaker 1: go back through history, it's always technology that changes the world. Um,
Speaker 1: and he seems to leave that out, which is pretty interesting.
Speaker 1: But back to that's why I like to focus on
Speaker 1: those three things together, those intersections. And before the break,
Speaker 1: I was talking about, um, we're at this point the
Speaker 1: pendulum is swinging back from globalization. We're gonna start swinging
Speaker 1: back to decentralization or deglobalization. And I was talking about
Speaker 1: specifically what would be the impact on bitquins price, and
Speaker 1: I was talking about how, um, the dollar. You know,
Speaker 1: I'm not calling for an inevitable, imminent crash of the
Speaker 1: dollar's urve status, but we're definitely starting to see as
Speaker 1: supply chains breakdown, we're starting to see more regional prices
Speaker 1: and currencies pop up. We're already starting to see some
Speaker 1: countries renegotiate terms in their own in their own currencies. Now, UM,
Speaker 1: it's not just me saying this, I mean Larry. Larry Faint,
Speaker 1: the founder of black Rock, the world's largest asset manager,
Speaker 1: basically said in his annual investor letter, quote, well, dependence
Speaker 1: on Russian energy is in the spotlight. Companies of governments
Speaker 1: will also be looking more broadly at their dependencies on
Speaker 1: other nations end quote. So what he's saying is that
Speaker 1: everyone started to like revite everything like, shoot, I didn't
Speaker 1: realize how dependent I was on Russia fill in the blank,
Speaker 1: China or whatever, and shoot, who else am I this
Speaker 1: depended on? If I was a business, I wouldn't want
Speaker 1: to have a business that was dependent on only one customer,
Speaker 1: because if I only had one customer and they didn't
Speaker 1: buy from anymore, my whole business goes under. Or if
Speaker 1: I only had one vendor, right, And that's what a
Speaker 1: lot of countries have found themselves in. He went on
Speaker 1: to say, quote this may lead companies to onshore or
Speaker 1: near shore more of their operations, resulting in a faster
Speaker 1: pullback from some countries end quote. So what he's saying
Speaker 1: is that we've been sending all our jobs and our
Speaker 1: manufacturing overseas, which has made things much cheaper for us.
Speaker 1: But now it's like, oh, shoot, I better have control
Speaker 1: of this here, I better bring some of this back,
Speaker 1: and it may happen faster than what um some people think,
Speaker 1: which is what he's saying, of course, than it is.
Speaker 1: And then you want to say, quote a large scale
Speaker 1: re orientation of supply chain, supply chains will be inherently
Speaker 1: inflationary end quote. So what he's saying is that as
Speaker 1: we start to reorganize the supply chain so we're not
Speaker 1: so dependent on all these countries, it's going to be
Speaker 1: inflationary again. As I started out saying, we took a
Speaker 1: fifty job and shipped off off shore for eight thousand,
Speaker 1: and we took a hundred dollar apart, we make it
Speaker 1: off for eight dollars. But now it's the opposite of that.
Speaker 1: So prices went down when we did that, and then
Speaker 1: we bring it back or reverse it, guess what prices
Speaker 1: go back up? So what would be the impact on
Speaker 1: bitcoin's price. Well, most people, many analysts, think that bitcoin
Speaker 1: serves as an inflation hedge like gold, and it has right.
Speaker 1: So bitcoin went from zero dollars to forty dollars, so
Speaker 1: it's gone up way more than the rate of inflation.
Speaker 1: So it has hedged me against inflation, So it has
Speaker 1: done for that. Um. Bitcoin is what we would consider
Speaker 1: hard money. It's harder money than the dollar because the
Speaker 1: Federal Reserve just prints million dollars they want, but nobody
Speaker 1: can print more bitcoin, and so it's harder money. It's
Speaker 1: harder money than gold. Um. If the price of gold
Speaker 1: went to ten thousand dollars and now it's more people
Speaker 1: would go mind gold, and more gold would come into existence.
Speaker 1: But even if the price of bitcoin went to a
Speaker 1: trillion dollars and more people try to mind bitcoin, it
Speaker 1: would not produce more bitcoin. So it's very very very
Speaker 1: hard money, um. And so it should be an inflation head,
Speaker 1: right you think. However, it hasn't really seemed to be
Speaker 1: working like that. Um. And why is that? Well, part
Speaker 1: of it is because is bitcoin a risk on or
Speaker 1: a risk off asset? So US inflation jumped to like
Speaker 1: I said, eight point five percent. Why did bitcoin's price
Speaker 1: rock it up after the inflation print came out? Isn't
Speaker 1: it supposed to be an inflation hedge? Is bitcoin an
Speaker 1: actual inflation? Is it a bad inflication? Is is it
Speaker 1: ever going to be a store value? Right? And so
Speaker 1: there's like all these promises about bitcoin was supposed to
Speaker 1: be and you would think that you know, um, the FED.
Speaker 1: The FED is controlling the money supply. Obviously, no one
Speaker 1: controls the bitcoin supply. The FED is controlling the money supply,
Speaker 1: and they've been given a responsibility for the US monetary
Speaker 1: policy to ensure it's what's called the dual mandate. The
Speaker 1: dual mandates are one maximum employment and two stable prices.
Speaker 1: Now it's interesting about the stable prices is that the
Speaker 1: FED basically has three levers in order to achieve that goal. One, um,
Speaker 1: they can print money, Two they can control interest rates,
Speaker 1: and three they can set the rules for the reserve
Speaker 1: requirements of the banks. So if they put if they say, hey,
Speaker 1: banks you don't need to keep as much in reserves anymore.
Speaker 1: You can create more money than they create more money.
Speaker 1: If they lower interest rates, people borrow more, which creates money,
Speaker 1: or they could just print money directly. So they have
Speaker 1: those things, and they can print money basically by buying
Speaker 1: bonds and things like that. So all money is debt based.
Speaker 1: It's created into existence by debt by loaning it out
Speaker 1: and so um. The other the other mandate is stable prices,
Speaker 1: which is kind of funny. So the FED has this,
Speaker 1: that's their goal. That's their dual mandate, and it's historically
Speaker 1: meant an arbitrary number of two percent target for inflation
Speaker 1: each year, meaning the FED once things to cost two
Speaker 1: percent more each year. That's what that's what that means.
Speaker 1: So their goal is to have two percent. And you
Speaker 1: heard this. We can't quite get two percent inflation. We're
Speaker 1: trying to get two percent. We can't get it, we
Speaker 1: can't get it. Well, their goal of two percent means
Speaker 1: things cost two percent more per year. Or let me
Speaker 1: put it another way, that means you lose two percent
Speaker 1: per year. Let me put it another way. At a
Speaker 1: two percent inflation number, that means your money or your savings,
Speaker 1: your money has a half life of thirty five years,
Speaker 1: So that means that two percent inflation. Their goal, the
Speaker 1: FEDS goal is for you to lose fifty percent half
Speaker 1: of your money in thirty five years. That sound good,
Speaker 1: Sure doesn't sound good to me. Now let me put
Speaker 1: it another way. At seven percent. Now to remember, we
Speaker 1: just at eight point five. At seven percent, that means
Speaker 1: you lose half your money in ten years. That's their goal.
Speaker 1: That's their stated goal. That's what they consider stable prices.
Speaker 1: That's insane. That's what they consider stable prices. I would
Speaker 1: think stable prices means that I don't lose any money
Speaker 1: over ten years, or thirty years or a hundred years.
Speaker 1: I would think that if I put a hundred thousand
Speaker 1: in the bank today, in a hundred years from now,
Speaker 1: I still have a hundred thousand dollars worth of buying power.
Speaker 1: But instead I put a hundred thousand into the bank,
Speaker 1: and in a hunt and a hundred years that hundred
Speaker 1: thousand now only buys me about five thousand dollars worth
Speaker 1: of goods and services or two thousand dollars. So that's
Speaker 1: basically what's happening. Those stable prices are the FEDS gold
Speaker 1: and so in times of high inflation an economics, economic uncertainty,
Speaker 1: investors go risk off, right, They're gonna fly to quality.
Speaker 1: They're gonna say, um, it's too risky. I want to
Speaker 1: go into something like cash or something like government bonds
Speaker 1: that guarantee me something something like gold even and you
Speaker 1: know it's better than gold gold to point oh or bitcoin.
Speaker 1: So we have high inflation, so everyone just piled right
Speaker 1: into bitcoin right then the price went up. That's not
Speaker 1: exactly happened and why not, Well, it's because it's a
Speaker 1: little bit who soon, right, There's one thing missing, it's
Speaker 1: the narrative. So bitcoin's hard money properties do make it
Speaker 1: a risk off asset for its supporters, but most investors
Speaker 1: still see it like a stock, like a risk on asset.
Speaker 1: And so even though if you really understand it, you
Speaker 1: understand it's hard money and it's risk off, most people
Speaker 1: buying it today still look at it as a stock
Speaker 1: as risk on, and so it's really Bitcoin is more
Speaker 1: of like an aspirational store of value than the best
Speaker 1: store of value right now today, unless you have a
Speaker 1: long enough period of time, and the narrative needs to
Speaker 1: penetrate more than a hundred million people that own it
Speaker 1: today and get to the other seven point eight billion
Speaker 1: people who don't view this system as a store of
Speaker 1: value yet. However, that makes it our opportunity because the
Speaker 1: rest of those people don't realize this yet. Then we
Speaker 1: have an advantage to front run that we can get
Speaker 1: in now before the masses do. So. The cost of
Speaker 1: admission is one volatility and two having to wait. If
Speaker 1: you can stomach the volatility, the price is going up
Speaker 1: and down and you can afford to wait five years,
Speaker 1: you will be handsomely rewarded. The flip side is if
Speaker 1: you have instant gratification and you can't wait a couple
Speaker 1: of years and you can't stomach the volatility, then you
Speaker 1: can wait and buy it later. You're listening to the
Speaker 1: Markmas Show talking about bitcoin, cryptocurrencies and the decentralized revolution,
Speaker 1: giving you the play by play. Hopefully this made sense
Speaker 1: to you. Hopefully you can stomach and wait it out,
Speaker 1: because you will be rewarded thanks for listening.