1 00:00:00,040 --> 00:00:02,840 Speaker 1: Hey, everyone, welcome back to another episode of The Markmas 2 00:00:02,920 --> 00:00:05,960 Speaker 1: Show where we talk about the intersection of politics, finance, 3 00:00:06,000 --> 00:00:09,720 Speaker 1: and technology. We're talking about the decentralized revolution that is 4 00:00:09,800 --> 00:00:12,639 Speaker 1: changing the world right before our very eyes. If if 5 00:00:12,640 --> 00:00:15,360 Speaker 1: you know what you're paying attention to, you should know 6 00:00:15,400 --> 00:00:17,360 Speaker 1: what you're paying attention to, because it is going to 7 00:00:17,400 --> 00:00:20,639 Speaker 1: be the biggest catalyst, uh, that you'll see in your life. 8 00:00:20,680 --> 00:00:22,960 Speaker 1: I mean, it is literally changing the world as we 9 00:00:23,000 --> 00:00:25,320 Speaker 1: know it. And you can either bury your head in 10 00:00:25,360 --> 00:00:28,200 Speaker 1: the sand and not pay attention, and or you can 11 00:00:28,240 --> 00:00:29,840 Speaker 1: you can pay attention. You can take advantage of it. 12 00:00:30,000 --> 00:00:31,760 Speaker 1: I like to say that the ostrich can bury its 13 00:00:31,800 --> 00:00:33,559 Speaker 1: head in the sand, but it can't stop it from 14 00:00:33,640 --> 00:00:36,320 Speaker 1: being eaten. And so um, as iron Rand would say, 15 00:00:36,320 --> 00:00:39,240 Speaker 1: you can choose to ignore reality, but you cannot ignore 16 00:00:39,479 --> 00:00:42,920 Speaker 1: the consequences of reality. So you might as well pay attention. Uh, 17 00:00:42,920 --> 00:00:46,640 Speaker 1: it's pretty interesting and so I guess that's obviously, which 18 00:00:46,640 --> 00:00:48,240 Speaker 1: is why you're listening to me right now. So thanks 19 00:00:48,240 --> 00:00:51,680 Speaker 1: for tuning in. I got a lot to cover um 20 00:00:51,720 --> 00:00:55,240 Speaker 1: in the next hour, because there's so much that is 21 00:00:55,280 --> 00:00:57,720 Speaker 1: happening in the world right now, and so we'll just 22 00:00:57,720 --> 00:00:59,560 Speaker 1: go ahead and jump right into it. UM. One of 23 00:00:59,560 --> 00:01:02,000 Speaker 1: the biggest pieces of news this week was this UM 24 00:01:02,160 --> 00:01:05,680 Speaker 1: executive order, this executive action that was wit we have 25 00:01:05,800 --> 00:01:07,759 Speaker 1: been waiting on for the from from the White House 26 00:01:08,480 --> 00:01:11,440 Speaker 1: UM and really, UM, they finally put it out and 27 00:01:11,480 --> 00:01:13,440 Speaker 1: it was kind of not a big deal. I dug 28 00:01:13,480 --> 00:01:16,160 Speaker 1: in super deep into a previous segment. If you want 29 00:01:16,160 --> 00:01:18,280 Speaker 1: to know more about that, you can and you missed it, 30 00:01:18,440 --> 00:01:22,160 Speaker 1: then you can check out the the podcast coming out 31 00:01:22,240 --> 00:01:26,479 Speaker 1: this week. But basically, Joe Biden signed this UH first 32 00:01:26,520 --> 00:01:29,880 Speaker 1: of its kind they say, executive order on cryptocurrencies and 33 00:01:29,920 --> 00:01:34,120 Speaker 1: basically just said they directed federal agencies to coordinate their 34 00:01:34,120 --> 00:01:37,360 Speaker 1: approach on the sector and there was UM it didn't 35 00:01:37,440 --> 00:01:40,360 Speaker 1: lay on anything specific to do, but rather things they 36 00:01:40,360 --> 00:01:42,800 Speaker 1: wanted to go look at, and it just directed all 37 00:01:42,880 --> 00:01:46,280 Speaker 1: these different federal agencies to start coordinating their efforts to 38 00:01:46,319 --> 00:01:49,840 Speaker 1: start doing this UM. And really there were six areas 39 00:01:50,600 --> 00:01:52,760 Speaker 1: that they really wanted to focus on. There was, like 40 00:01:52,800 --> 00:01:56,560 Speaker 1: I said, there wasn't any new regulations, more just coordinate 41 00:01:56,600 --> 00:02:01,320 Speaker 1: everybody to move forward. UM. And they said six key 42 00:02:01,360 --> 00:02:06,360 Speaker 1: priorities for the administration were one protecting US interests to 43 00:02:06,640 --> 00:02:13,160 Speaker 1: protecting global financial stability, three preventing illicit uses, for promoting 44 00:02:13,280 --> 00:02:19,000 Speaker 1: what they call responsible innovation, uh, five financial inclusion, and 45 00:02:19,160 --> 00:02:22,920 Speaker 1: six US leadership UM. And so that's that's the areas 46 00:02:22,960 --> 00:02:25,560 Speaker 1: they want to focus on. I think most of that 47 00:02:26,040 --> 00:02:29,480 Speaker 1: is just a bunch of words salad doesn't really mean anything. 48 00:02:30,200 --> 00:02:32,160 Speaker 1: I'm guessing we're gonna see a lot more coming out 49 00:02:32,160 --> 00:02:34,880 Speaker 1: of that. But you know, the markets responded pretty well, 50 00:02:34,919 --> 00:02:37,919 Speaker 1: and actually bitcoin kind of bounced up on the news 51 00:02:37,919 --> 00:02:40,680 Speaker 1: and it's kind of sold off a little bit. But um, 52 00:02:40,760 --> 00:02:43,920 Speaker 1: the market basically agrees with me that it wasn't a 53 00:02:44,160 --> 00:02:47,480 Speaker 1: really really big deal. And I think at this time, 54 00:02:47,520 --> 00:02:49,120 Speaker 1: at this point in time in the world right now, 55 00:02:49,240 --> 00:02:53,520 Speaker 1: we have way bigger things to focus on, and maybe 56 00:02:53,520 --> 00:02:56,600 Speaker 1: that's part of the reason why, um, this this executive 57 00:02:56,680 --> 00:02:59,080 Speaker 1: order just kind of fell on deaf ears, if you will, 58 00:02:59,800 --> 00:03:02,440 Speaker 1: uh um. And so what are some of these much 59 00:03:02,560 --> 00:03:05,480 Speaker 1: bigger things that we're talking about. Well, at the same 60 00:03:05,520 --> 00:03:08,160 Speaker 1: time as this is coming out, we saw the same 61 00:03:08,200 --> 00:03:11,720 Speaker 1: week we saw the United States government, the b l S, 62 00:03:11,840 --> 00:03:16,040 Speaker 1: the Bureau of Labor Statistics put out the new inflation numbers, 63 00:03:16,160 --> 00:03:19,400 Speaker 1: the c p I, that's the Consumer Price Index. UM. 64 00:03:19,440 --> 00:03:22,200 Speaker 1: I like to call it the cp LIE because it's 65 00:03:22,240 --> 00:03:25,040 Speaker 1: all a lie. Um. And basically they put out the CPI, 66 00:03:25,120 --> 00:03:28,440 Speaker 1: the Consumer Price Index, and it says that inflation reached 67 00:03:29,160 --> 00:03:34,520 Speaker 1: seven point nine which is the highest prices in forty 68 00:03:34,600 --> 00:03:39,560 Speaker 1: years or so. They say, well, or so they say, 69 00:03:39,760 --> 00:03:43,000 Speaker 1: let's talk about that for a second. So they said 70 00:03:43,040 --> 00:03:48,040 Speaker 1: that rising energy. Uh duh. Unless you've been living under rock, 71 00:03:48,080 --> 00:03:49,800 Speaker 1: you know, energy prices are going through the roof. Now 72 00:03:49,840 --> 00:03:51,800 Speaker 1: if you think they're high in the United States, where 73 00:03:52,120 --> 00:03:55,480 Speaker 1: in Los Angeles gas prices are up over seven dollars 74 00:03:55,520 --> 00:03:59,800 Speaker 1: a gallon, um, that's nothing you should see. Over in 75 00:04:00,000 --> 00:04:02,800 Speaker 1: Europe they have U if you convert into dollars, they 76 00:04:02,800 --> 00:04:06,680 Speaker 1: have gas that's over ten dollars a gallon already. Um. 77 00:04:06,720 --> 00:04:09,280 Speaker 1: But they have like natural gas is up over a 78 00:04:09,520 --> 00:04:14,120 Speaker 1: thousand percent, up over a thousand percents. Anyway, rising energy, 79 00:04:14,280 --> 00:04:20,240 Speaker 1: of course, rising food and services pushed prices past the 80 00:04:20,360 --> 00:04:23,320 Speaker 1: highest level we've seen in four decades, seven point nine 81 00:04:23,400 --> 00:04:28,680 Speaker 1: percent annual rate. Now. It's interesting about this, though, is 82 00:04:28,720 --> 00:04:33,160 Speaker 1: that it says, uh that this CPI number hasn't been 83 00:04:33,240 --> 00:04:36,120 Speaker 1: this high since it was eight point four percent in 84 00:04:36,279 --> 00:04:41,240 Speaker 1: January of ninety two. And in January two, a couple 85 00:04:41,240 --> 00:04:44,000 Speaker 1: of things that are interesting about that. So one, that's 86 00:04:44,000 --> 00:04:47,320 Speaker 1: when when the nation was in a massive recession and 87 00:04:47,360 --> 00:04:50,680 Speaker 1: it was trying to tame what had been double digit inflation. 88 00:04:51,160 --> 00:04:54,880 Speaker 1: So um, they had raised interest rates super high to 89 00:04:54,920 --> 00:04:58,360 Speaker 1: bring inflation down, and so we were in this strange 90 00:04:58,760 --> 00:05:02,919 Speaker 1: period when that was happening. Um. But what's more important 91 00:05:02,920 --> 00:05:07,040 Speaker 1: about this is they use this cp I consumer price 92 00:05:07,080 --> 00:05:11,839 Speaker 1: index to measure this inflation. And so basically the quick 93 00:05:11,960 --> 00:05:13,920 Speaker 1: version story of this. If you went to the grocery 94 00:05:13,920 --> 00:05:16,240 Speaker 1: store and you bought a basket of goods. So you 95 00:05:16,279 --> 00:05:18,120 Speaker 1: put your gallon of milk, and you put your thing 96 00:05:18,120 --> 00:05:20,520 Speaker 1: of cheese, and you put your steak, and you put 97 00:05:20,560 --> 00:05:23,120 Speaker 1: your whatever, right, all the things that you would typically buy. 98 00:05:23,200 --> 00:05:25,960 Speaker 1: That's a basket of goods. And then what you do 99 00:05:26,040 --> 00:05:29,680 Speaker 1: is you track that same basket throughout a period of time, 100 00:05:30,279 --> 00:05:32,480 Speaker 1: and then you see what the changes in the prices 101 00:05:32,520 --> 00:05:35,719 Speaker 1: are to that basket of goods. Of course, there's things more, 102 00:05:35,839 --> 00:05:40,400 Speaker 1: there's more things in there than meat and cheese and steak. Um. 103 00:05:40,440 --> 00:05:42,359 Speaker 1: But um, that's basically the way it works now. But 104 00:05:42,440 --> 00:05:46,200 Speaker 1: the problem is that, well, the problem for us was 105 00:05:46,320 --> 00:05:47,839 Speaker 1: get trying to get good data and not the problem 106 00:05:47,839 --> 00:05:50,680 Speaker 1: for the government is that they have changed the way 107 00:05:50,720 --> 00:05:54,560 Speaker 1: they calculate that basket of goods. So there was a 108 00:05:54,600 --> 00:05:58,400 Speaker 1: massive overhaul to that in the eighties. Then there was 109 00:05:58,440 --> 00:06:02,479 Speaker 1: another massive over hall to the CPI basket in the nineties. 110 00:06:03,600 --> 00:06:05,760 Speaker 1: And so when we say that it hasn't been this 111 00:06:05,839 --> 00:06:08,719 Speaker 1: high since two and it was eight point four percent, 112 00:06:09,400 --> 00:06:14,159 Speaker 1: it's actually wrong. You could say it's misleading. I say 113 00:06:14,200 --> 00:06:17,599 Speaker 1: it's a lie because we've changed that basket. So there's 114 00:06:17,640 --> 00:06:19,919 Speaker 1: several ways that that's done. So for example, there's like 115 00:06:19,920 --> 00:06:25,040 Speaker 1: a substitution. So because steak got so expensive, let's substitute 116 00:06:25,040 --> 00:06:29,080 Speaker 1: the steak out and let's put hamburger meat there. Okay, well, 117 00:06:29,120 --> 00:06:31,559 Speaker 1: hamburger meats gotten too expensive, so let's put like soy 118 00:06:31,640 --> 00:06:35,679 Speaker 1: protein there instead. So um, they say that the price 119 00:06:35,760 --> 00:06:39,240 Speaker 1: hasn't really gone up much, but I'm eating p sludge 120 00:06:39,480 --> 00:06:44,719 Speaker 1: instead of steak like I used to. So they've substituted out, 121 00:06:44,880 --> 00:06:49,480 Speaker 1: so it's not tracking actual. That's one example. Another example 122 00:06:49,520 --> 00:06:51,720 Speaker 1: would be like with homes. Home prices have gone up 123 00:06:51,760 --> 00:06:55,599 Speaker 1: like crazy, obviously, um, but the rents haven't gone up 124 00:06:55,680 --> 00:06:57,719 Speaker 1: quite as high as the homes have. And so what 125 00:06:57,760 --> 00:07:00,760 Speaker 1: they do is they use what's known as a homeowners 126 00:07:00,800 --> 00:07:03,240 Speaker 1: are rent equivalence, So it's not how much the price 127 00:07:03,240 --> 00:07:04,960 Speaker 1: of the home one up, it's how much the renter 128 00:07:05,240 --> 00:07:08,560 Speaker 1: thinks they could rent the house for. And they do 129 00:07:08,640 --> 00:07:12,400 Speaker 1: that through a poll. They just ask people. No, I 130 00:07:12,400 --> 00:07:14,280 Speaker 1: don't know who they asked. They didn't ask me, but 131 00:07:14,320 --> 00:07:16,520 Speaker 1: supposed they ask homeowners and it's up to them to 132 00:07:16,600 --> 00:07:19,560 Speaker 1: tell them, which is kind of strange because they could 133 00:07:19,560 --> 00:07:24,080 Speaker 1: just use national statistics and they could actually get real data, 134 00:07:24,120 --> 00:07:26,120 Speaker 1: but of course they don't want to do that. UM. 135 00:07:26,160 --> 00:07:28,920 Speaker 1: So for example, they say, UM, rent went up by 136 00:07:29,000 --> 00:07:31,240 Speaker 1: like I think, three and a half percent, but we 137 00:07:31,320 --> 00:07:34,200 Speaker 1: know that in Gilbert, Arizona went up a hundred and 138 00:07:34,280 --> 00:07:37,000 Speaker 1: eight percent. We know that in a few states, a 139 00:07:37,040 --> 00:07:40,440 Speaker 1: couple of states saw over fifty percent increase in rents. 140 00:07:40,720 --> 00:07:42,000 Speaker 1: So where do they get up with a single digit 141 00:07:42,040 --> 00:07:45,840 Speaker 1: inflation for rents? That's why I call it cp lie UM. 142 00:07:45,880 --> 00:07:47,760 Speaker 1: And if we look at if we go back to 143 00:07:47,800 --> 00:07:49,760 Speaker 1: the way they calculate if we took the same basket 144 00:07:49,800 --> 00:07:52,480 Speaker 1: of goods they checked it in ninet and looked at today. UM. 145 00:07:52,480 --> 00:07:54,120 Speaker 1: There's a company, there's a website you can go to 146 00:07:54,200 --> 00:07:56,640 Speaker 1: called Shadows Stats, and they tell us what this is. 147 00:07:57,080 --> 00:08:03,240 Speaker 1: UM we're really over I think sixteen percent inflation. UM. 148 00:08:03,320 --> 00:08:04,880 Speaker 1: So if we go back they say it hasn't been 149 00:08:04,880 --> 00:08:07,080 Speaker 1: the high since two. Well, if we use in nineteen 150 00:08:07,240 --> 00:08:12,760 Speaker 1: two statistics, we're actually up over and so UM. As 151 00:08:12,880 --> 00:08:17,600 Speaker 1: inflation continues to reach higher, people are looking for inflation hedges, 152 00:08:18,160 --> 00:08:22,280 Speaker 1: and of course bitcoin is one of those amazing inflation hedges. 153 00:08:22,280 --> 00:08:24,160 Speaker 1: And the reason why it's because there can never be 154 00:08:24,240 --> 00:08:27,040 Speaker 1: more than twenty one million people want too good out 155 00:08:27,080 --> 00:08:30,080 Speaker 1: of the money that continue increases inflates and go to 156 00:08:30,200 --> 00:08:33,160 Speaker 1: something that doesn't Like gold has been that hedge for 157 00:08:33,240 --> 00:08:36,199 Speaker 1: five thousand years, which by the way, is breaking out 158 00:08:36,240 --> 00:08:38,840 Speaker 1: to new all time highs as well as well as 159 00:08:38,880 --> 00:08:42,280 Speaker 1: something like bitcoin that has a fixed supply cap. UM. 160 00:08:42,320 --> 00:08:43,720 Speaker 1: I have a lot more news I want to cover. 161 00:08:43,760 --> 00:08:46,560 Speaker 1: I have a big, big, big article that really the 162 00:08:46,600 --> 00:08:48,920 Speaker 1: death of the financial system as we know it has 163 00:08:49,000 --> 00:08:51,640 Speaker 1: here and we're moving into a new system. Over the 164 00:08:51,679 --> 00:08:54,640 Speaker 1: last week that's happened, UM. I want to talk about 165 00:08:55,559 --> 00:08:58,760 Speaker 1: trust being lost and some bitcoin price predictions. When I 166 00:08:58,800 --> 00:09:00,200 Speaker 1: come back a lot to cover. You listen to the 167 00:09:00,200 --> 00:09:05,720 Speaker 1: Markma Show talking about the decentralized revolution, bitcoin, politics, finance, etcetera. 168 00:09:06,080 --> 00:09:08,439 Speaker 1: And I'll be right back with more. Don't go away, 169 00:09:08,640 --> 00:09:10,680 Speaker 1: all right, welcome back. You're listening to the Markma Show. 170 00:09:10,720 --> 00:09:14,600 Speaker 1: We're talking about the decentralized revolution. We're talking about the 171 00:09:14,600 --> 00:09:17,599 Speaker 1: world changing right before our very eyes through the intersections 172 00:09:17,640 --> 00:09:22,160 Speaker 1: of politics, finance, and technology. Those are the key drivers 173 00:09:22,160 --> 00:09:23,880 Speaker 1: that are changing the world. If you're not paying attention 174 00:09:23,880 --> 00:09:26,040 Speaker 1: to that, then you don't know what the heck is 175 00:09:26,080 --> 00:09:29,360 Speaker 1: going on out there. Um. But of course you are 176 00:09:29,400 --> 00:09:31,520 Speaker 1: paying attention, which is why you're listening to me right now. 177 00:09:32,080 --> 00:09:36,200 Speaker 1: So good job. Now, something that I've talked about a 178 00:09:36,240 --> 00:09:39,760 Speaker 1: lot um over the last year or so, um, and 179 00:09:39,800 --> 00:09:43,400 Speaker 1: actually I guess it was towards the end of twenty 180 00:09:43,520 --> 00:09:45,439 Speaker 1: the i m F. The i m F is sort 181 00:09:45,480 --> 00:09:48,120 Speaker 1: of like the Central Bank about the central banks. Um, 182 00:09:48,160 --> 00:09:52,400 Speaker 1: they called for a Breton Woods to moment um. And 183 00:09:52,400 --> 00:09:54,120 Speaker 1: so to understand what Bretton Woods too is, you have 184 00:09:54,120 --> 00:09:56,680 Speaker 1: to understand what Bretton Woods one was, which happened in 185 00:09:58,160 --> 00:10:02,640 Speaker 1: and the entire world got together and reset the global 186 00:10:02,760 --> 00:10:04,839 Speaker 1: financial system and they agreed to it. So the whole 187 00:10:04,840 --> 00:10:06,440 Speaker 1: world kind of got together and agreed to this, and 188 00:10:06,440 --> 00:10:09,160 Speaker 1: they went onto a new global monetary standard, which was 189 00:10:09,640 --> 00:10:12,680 Speaker 1: the dollar thirty five dollars was redeemable for one ounce 190 00:10:12,720 --> 00:10:14,520 Speaker 1: of gold, and then all the currencies of the world 191 00:10:14,559 --> 00:10:18,520 Speaker 1: were pegged to the US dollar. And then Um, I've 192 00:10:18,559 --> 00:10:20,199 Speaker 1: been talking about the I m F calling for Bretton 193 00:10:20,200 --> 00:10:24,920 Speaker 1: Woods to um. But maybe we're actually going into Breton 194 00:10:24,920 --> 00:10:28,880 Speaker 1: Woods three. What does that mean? I hadn't actually thought 195 00:10:28,880 --> 00:10:34,400 Speaker 1: of this until just recently. Uh, and I just recently 196 00:10:34,440 --> 00:10:36,480 Speaker 1: made a video on my YouTube channel for it as well, 197 00:10:36,520 --> 00:10:37,959 Speaker 1: if you haven't, if you want to go dig in 198 00:10:38,000 --> 00:10:41,240 Speaker 1: deeper on that. But basically it was kind of the 199 00:10:41,280 --> 00:10:44,920 Speaker 1: idea came from the credit suite manager. Um. His name 200 00:10:45,000 --> 00:10:48,199 Speaker 1: is Zultan pasar Um, somebody I've been paying attention to 201 00:10:48,200 --> 00:10:51,400 Speaker 1: do a lot um. He writes, uh, pretty in depth 202 00:10:51,440 --> 00:10:54,640 Speaker 1: and technical articles. So I'll make I'll take it and 203 00:10:54,640 --> 00:10:57,320 Speaker 1: make it easy for you to understand. But he says 204 00:10:57,360 --> 00:11:02,200 Speaker 1: that money quote, money will never be the same again 205 00:11:02,720 --> 00:11:07,000 Speaker 1: after the Ukraine War. And he also says that bitcoin 206 00:11:07,400 --> 00:11:10,760 Speaker 1: maybe the beneficiary of this. He says that we're witnessing 207 00:11:10,840 --> 00:11:16,080 Speaker 1: the birth of a new world monetary order. Those are 208 00:11:16,080 --> 00:11:19,240 Speaker 1: big words, those are real big words. Now, he's a 209 00:11:19,280 --> 00:11:22,640 Speaker 1: former Federal Reserve and US Treasury Department official. Okay, so 210 00:11:22,679 --> 00:11:24,880 Speaker 1: he's worked on the inside, the inside of the belly 211 00:11:24,880 --> 00:11:26,080 Speaker 1: of the beast, if you will, And now he works 212 00:11:26,080 --> 00:11:29,040 Speaker 1: at Credit Suetes as a short term rate strategist. Again 213 00:11:29,080 --> 00:11:33,679 Speaker 1: his name result on pasar Um. And basically what he's 214 00:11:33,720 --> 00:11:36,600 Speaker 1: saying is that the US is in this commodity crisis 215 00:11:36,600 --> 00:11:38,520 Speaker 1: that we're in right now. Commodities being you know, real 216 00:11:38,600 --> 00:11:42,680 Speaker 1: things being energy, oil, gas, um, food, things like that, 217 00:11:43,240 --> 00:11:46,280 Speaker 1: and it's giving rise to a new world monetary order 218 00:11:46,320 --> 00:11:50,040 Speaker 1: that's going to ultimately weaken the current dollar based system 219 00:11:50,160 --> 00:11:52,960 Speaker 1: and lead to higher inflation in the West. Of the 220 00:11:52,960 --> 00:11:56,000 Speaker 1: West would be you know, North America, Western Europe, etcetera. Now, 221 00:11:57,440 --> 00:12:00,360 Speaker 1: he says, quote, the crisis is not like anything we've 222 00:12:00,440 --> 00:12:03,319 Speaker 1: seen since President Richard Nixon took the U. S. Dollar 223 00:12:03,440 --> 00:12:06,440 Speaker 1: off the gold in nineteen seventy one. So Breton Woods, 224 00:12:06,480 --> 00:12:08,719 Speaker 1: as I said, Breton Woods one was in nineteen forty four, 225 00:12:08,760 --> 00:12:11,760 Speaker 1: put the entire world onto a gold standard. In nineteen 226 00:12:11,800 --> 00:12:15,640 Speaker 1: seventy one, then President Richard Nixon removed the dollar from 227 00:12:15,640 --> 00:12:17,559 Speaker 1: the from the gold standards. So we were on a 228 00:12:17,559 --> 00:12:20,760 Speaker 1: commodity based money. Golds a commodity and so we were 229 00:12:20,800 --> 00:12:22,680 Speaker 1: on a commodity based money, and and all of history 230 00:12:22,720 --> 00:12:25,120 Speaker 1: was a commodity, commodity based money. Whether it was a rock, 231 00:12:25,240 --> 00:12:28,440 Speaker 1: a feather, a ceashell, or gold, it was it was 232 00:12:28,480 --> 00:12:33,079 Speaker 1: something real, something tangible, commodity. And it extended that commodity 233 00:12:33,080 --> 00:12:36,559 Speaker 1: based money from Nino the Bretton Woods till one, when 234 00:12:36,640 --> 00:12:41,040 Speaker 1: Richard Nixon severed that tie in nineteen seventy one, the 235 00:12:41,240 --> 00:12:44,800 Speaker 1: entire world left a commodity based system, left a dollar 236 00:12:44,880 --> 00:12:48,720 Speaker 1: based system, and went into something known as a fiat 237 00:12:48,720 --> 00:12:51,920 Speaker 1: based system, meaning that our money had no backing. It 238 00:12:52,000 --> 00:12:54,840 Speaker 1: was no longer backed by gold or any other commodity, 239 00:12:55,440 --> 00:12:57,640 Speaker 1: and it was it was an era in nineteen seventy 240 00:12:57,679 --> 00:13:02,280 Speaker 1: one till now was an era of fake fiat currency, 241 00:13:02,360 --> 00:13:06,839 Speaker 1: fake floating currencies that are pegged to nothing, and treasuries treasuries, 242 00:13:06,960 --> 00:13:09,960 Speaker 1: US treasuries and dollars or what what's considered a risk 243 00:13:10,160 --> 00:13:14,160 Speaker 1: free asset UM. And so that's kind of where we've 244 00:13:14,200 --> 00:13:17,000 Speaker 1: been for the last fifty years. August of last year 245 00:13:17,120 --> 00:13:20,960 Speaker 1: was the fifty year anniversary of of Nixon taking us 246 00:13:21,040 --> 00:13:26,520 Speaker 1: off of that gold standard UM. And and since then, UM, we've, 247 00:13:26,600 --> 00:13:29,360 Speaker 1: like I said, basically been in this free floating period 248 00:13:29,600 --> 00:13:34,040 Speaker 1: as he calls it, quote outside money, UM, and he 249 00:13:34,080 --> 00:13:38,280 Speaker 1: says that now today we've just witnessed the end of 250 00:13:38,320 --> 00:13:42,120 Speaker 1: this current monetary regime. And so the dollars and the 251 00:13:42,240 --> 00:13:44,280 Speaker 1: U S treasuries or what like I said, they consider 252 00:13:44,480 --> 00:13:47,880 Speaker 1: risk free. And so nations around the world hold these 253 00:13:48,320 --> 00:13:50,679 Speaker 1: They're considered risk free because the United States would never 254 00:13:50,720 --> 00:13:53,120 Speaker 1: default on their debt. They would just print more dollars. 255 00:13:53,360 --> 00:13:55,199 Speaker 1: Now they would pay you back the debt. Of course, 256 00:13:55,200 --> 00:13:58,240 Speaker 1: they'd pay you back with de value dollars. So even 257 00:13:58,240 --> 00:14:00,199 Speaker 1: though you get all the if you gave them, say 258 00:14:00,200 --> 00:14:02,000 Speaker 1: a million dollars, you get your million dollars back. But 259 00:14:02,080 --> 00:14:05,360 Speaker 1: unfortunately million dollars only buys you half a million dollars 260 00:14:05,360 --> 00:14:07,559 Speaker 1: worth of goods and services. But that's another topic for 261 00:14:07,600 --> 00:14:11,040 Speaker 1: another day. But they were they were risk free, right, 262 00:14:11,440 --> 00:14:14,160 Speaker 1: so I could I could hold my money, my reserves, 263 00:14:14,280 --> 00:14:17,040 Speaker 1: if I was a nation like China or Germany or 264 00:14:17,080 --> 00:14:20,920 Speaker 1: France or Russia, I could hold my reserves, my savings 265 00:14:20,960 --> 00:14:25,000 Speaker 1: accounts in these risk free assets, treasuries and dollars. And 266 00:14:25,040 --> 00:14:27,560 Speaker 1: I know they're risk free because, as I said, the 267 00:14:27,560 --> 00:14:31,040 Speaker 1: government would never default on that. Well, a lot of 268 00:14:31,040 --> 00:14:34,120 Speaker 1: people didn't really think about until a week ago that 269 00:14:34,840 --> 00:14:39,240 Speaker 1: the government might actually seize it, like freeze your bank 270 00:14:39,240 --> 00:14:40,520 Speaker 1: account and not give it back to you. And so 271 00:14:40,520 --> 00:14:42,760 Speaker 1: that's exactly what he said. He said that Posar marks 272 00:14:42,800 --> 00:14:45,480 Speaker 1: the end of the current monetary regime as the day 273 00:14:45,560 --> 00:14:49,200 Speaker 1: the G seven nations G seven is the seventh largest 274 00:14:49,280 --> 00:14:51,320 Speaker 1: nations in the world, as the day the G seven 275 00:14:51,400 --> 00:14:55,920 Speaker 1: nations seized Russia's foreign exchange reserves. Following the latter's invasion 276 00:14:56,000 --> 00:14:59,600 Speaker 1: of Ukraine. What had previously been thought of as a 277 00:14:59,720 --> 00:15:04,760 Speaker 1: risk free became a risk free no more as non 278 00:15:04,760 --> 00:15:09,600 Speaker 1: existent credit risk was instantly substituted for a very real 279 00:15:09,880 --> 00:15:13,200 Speaker 1: confiscation risk. So a lot of people like I said, 280 00:15:13,200 --> 00:15:15,080 Speaker 1: I thought, well, I'm never gonna lose this money because 281 00:15:15,080 --> 00:15:17,760 Speaker 1: I know the the U s would just print more 282 00:15:17,800 --> 00:15:19,600 Speaker 1: money to give it to me. So it's a risk free. 283 00:15:19,880 --> 00:15:23,640 Speaker 1: But what nobody accounted for is that the government would 284 00:15:23,640 --> 00:15:28,000 Speaker 1: actually just steal it from you. And that's exactly what happened. 285 00:15:28,440 --> 00:15:31,200 Speaker 1: UM very real risk because it just happened. Now we 286 00:15:31,240 --> 00:15:34,360 Speaker 1: just saw we saw them um stealing money, freezing money 287 00:15:34,600 --> 00:15:37,320 Speaker 1: from Canadians and truckers and people that donated to that. 288 00:15:37,560 --> 00:15:40,640 Speaker 1: But then it happened to Russia, and that just pushed 289 00:15:40,640 --> 00:15:44,560 Speaker 1: the US into are not the US the world into 290 00:15:44,560 --> 00:15:47,800 Speaker 1: a brand new monetary system. He says, what occurred surely 291 00:15:47,840 --> 00:15:51,280 Speaker 1: isn't lost on China, and Posar sees the People's Bank 292 00:15:51,320 --> 00:15:55,320 Speaker 1: of China the PBOC, faced with two alternatives to protect 293 00:15:55,320 --> 00:15:59,880 Speaker 1: its interests. What's China gonna do? They have two alternatives. 294 00:16:00,120 --> 00:16:05,600 Speaker 1: One either sell treasury bonds to buy Russian commodities or 295 00:16:05,760 --> 00:16:08,320 Speaker 1: do its own quantitative easing, which is to print their 296 00:16:08,320 --> 00:16:12,080 Speaker 1: own currency to buy Russian commodities. What should they do? 297 00:16:12,400 --> 00:16:15,080 Speaker 1: Should they sell their US treasury bonds dump them into 298 00:16:15,120 --> 00:16:17,840 Speaker 1: the market, which would not be good for the United States. 299 00:16:17,960 --> 00:16:20,080 Speaker 1: Let's just say that it wouldn't actually be that good 300 00:16:20,080 --> 00:16:21,920 Speaker 1: for China either. If they dumped them out of the market, 301 00:16:21,920 --> 00:16:24,120 Speaker 1: they became worthless. They'd also kind of be shooting themselves 302 00:16:24,160 --> 00:16:28,040 Speaker 1: in the foot. Or they can print their own currency 303 00:16:28,040 --> 00:16:31,040 Speaker 1: to buy Russian commodities. But either way, what he's saying 304 00:16:31,560 --> 00:16:34,400 Speaker 1: is that they want to get out of the treasury 305 00:16:34,400 --> 00:16:37,960 Speaker 1: bonds and buy Russian commodities again. Their their oil, their 306 00:16:38,040 --> 00:16:43,160 Speaker 1: natural gas, their their minerals like nickel, steel, etcetera. Um. 307 00:16:43,240 --> 00:16:47,600 Speaker 1: He says, Posar expects both scenarios to mean higher yields 308 00:16:47,640 --> 00:16:52,680 Speaker 1: and higher inflation in the West. Posar concluded his note 309 00:16:52,680 --> 00:16:56,440 Speaker 1: with a comment about bitcoin, saying he expects it u 310 00:16:56,920 --> 00:17:01,360 Speaker 1: to benefit, but only if it quote still exists. Well, 311 00:17:01,360 --> 00:17:04,960 Speaker 1: we know that bitcoin can't be killed. A government may 312 00:17:05,000 --> 00:17:07,280 Speaker 1: may try to ban it and make it where you 313 00:17:07,359 --> 00:17:10,560 Speaker 1: can't use it, but they can't stop it. And so 314 00:17:10,640 --> 00:17:14,000 Speaker 1: since it will still exist, then he expects it to benefit. 315 00:17:14,280 --> 00:17:17,240 Speaker 1: So Bitcoin being a big beneficiary of this UM. And 316 00:17:17,359 --> 00:17:20,720 Speaker 1: the risk is the dollar. The dollar is gonna be dying. Um. 317 00:17:20,800 --> 00:17:22,560 Speaker 1: And when I say it's dying, it means it's going 318 00:17:22,600 --> 00:17:25,920 Speaker 1: to continue to lose purchasing power, which means inflation. Means 319 00:17:25,960 --> 00:17:29,080 Speaker 1: prices are going up. So expect gases to go up, 320 00:17:29,280 --> 00:17:31,720 Speaker 1: expect food to go up, expect your dollar to go down, 321 00:17:31,760 --> 00:17:34,640 Speaker 1: and expect bitcoin to do better. That's what Posar said. Um, 322 00:17:35,040 --> 00:17:37,040 Speaker 1: you're listening to the Markma Show. We're talking about the 323 00:17:37,080 --> 00:17:39,960 Speaker 1: intersection of politics, finance, and technology. We're talking about the 324 00:17:40,000 --> 00:17:45,680 Speaker 1: decentralized revolution. We're looking at it from a geo political scale. Now, Um, 325 00:17:45,720 --> 00:17:47,600 Speaker 1: this is only the tip of the iceberg. I want 326 00:17:47,600 --> 00:17:50,840 Speaker 1: to talk about something so much bigger when I get back, UM, 327 00:17:50,880 --> 00:17:52,919 Speaker 1: a lot more to go. Don't go away. I'll be 328 00:17:53,000 --> 00:17:55,320 Speaker 1: right back. All right, welcome back. You're listening to the 329 00:17:55,320 --> 00:17:58,720 Speaker 1: Mark Moa Show, and we're talking about talking about the 330 00:17:58,720 --> 00:18:00,679 Speaker 1: world changing right before A very yes, of course, we 331 00:18:00,680 --> 00:18:03,240 Speaker 1: talked about each and every week, the decentralized revolution. We're 332 00:18:03,240 --> 00:18:06,040 Speaker 1: talking about the intersection of politics, finance, and technology. We're 333 00:18:06,040 --> 00:18:10,040 Speaker 1: talking about the way this is changing the world. Now, Um, 334 00:18:10,280 --> 00:18:12,399 Speaker 1: if you're not paying attention, you get caught off sides, 335 00:18:12,560 --> 00:18:14,639 Speaker 1: it could be very bad for you. And if you 336 00:18:14,680 --> 00:18:17,520 Speaker 1: are paying attention and you're prepared, it could be very 337 00:18:17,640 --> 00:18:19,760 Speaker 1: good for you. Now it depends on depending on which 338 00:18:19,760 --> 00:18:22,199 Speaker 1: side you end up on. Its entirely up to you. 339 00:18:22,400 --> 00:18:25,159 Speaker 1: Now you're doing the most important step, which is listening 340 00:18:25,200 --> 00:18:27,400 Speaker 1: to me, talking to you, trying to give you the 341 00:18:27,400 --> 00:18:29,480 Speaker 1: the education. I'm trying to give you the insight, the 342 00:18:29,520 --> 00:18:31,359 Speaker 1: perspective that you need to make sense of all this 343 00:18:31,440 --> 00:18:37,119 Speaker 1: because it is a it's a rapidly moving situation. And 344 00:18:37,200 --> 00:18:39,560 Speaker 1: we speak now. I was talking about before the break, 345 00:18:40,880 --> 00:18:44,679 Speaker 1: a previous Fed and Federal Reserve and Treasury insider result 346 00:18:44,800 --> 00:18:49,320 Speaker 1: on Um was talking about how the entire global financial 347 00:18:49,400 --> 00:18:51,760 Speaker 1: system just got reset right before various it happened in 348 00:18:53,480 --> 00:18:55,680 Speaker 1: under the BRETA. Wood Agreement, happened in nineteen one when 349 00:18:55,720 --> 00:19:01,760 Speaker 1: President Richard Nixon severed the entire world from the gold system, 350 00:19:01,800 --> 00:19:04,320 Speaker 1: and for the last fifty years it's been a free 351 00:19:04,359 --> 00:19:08,760 Speaker 1: floating fiat money um system based off of U S treasuries. 352 00:19:10,119 --> 00:19:13,680 Speaker 1: But the United States decided to torpedo, send a torpedo 353 00:19:13,800 --> 00:19:17,399 Speaker 1: right into their hold, their stranglehold on their world's reserve 354 00:19:17,440 --> 00:19:22,560 Speaker 1: system when they decided to steal Russia's money. You know, 355 00:19:22,800 --> 00:19:26,760 Speaker 1: um I talked about this on my YouTube channel, Mark Moss, 356 00:19:26,960 --> 00:19:30,639 Speaker 1: and um I got comments like, oh, Mark, you're like 357 00:19:30,680 --> 00:19:34,080 Speaker 1: our You're a Russian asset. You're promoting Russia, And I mean, 358 00:19:34,080 --> 00:19:37,040 Speaker 1: that couldn't be anything further from the truth. I'm certainly 359 00:19:37,040 --> 00:19:42,080 Speaker 1: not doing that. But when you try to weaponize the 360 00:19:42,200 --> 00:19:46,600 Speaker 1: US dollar, Um, you know, things happen. As I talked 361 00:19:46,600 --> 00:19:48,439 Speaker 1: about all the time. You can choose to ignore reality, 362 00:19:48,440 --> 00:19:51,360 Speaker 1: but you can't ignore the consequences of reality. So when 363 00:19:51,359 --> 00:19:54,560 Speaker 1: you weaponize the dollar and you turn it against sovereign 364 00:19:54,640 --> 00:19:56,560 Speaker 1: nations and you steal their money, when you when you 365 00:19:56,640 --> 00:19:58,840 Speaker 1: turn it against people and steal their money, there's gonna 366 00:19:58,880 --> 00:20:04,040 Speaker 1: be a reaction. I'm not saying I'm for that, but 367 00:20:04,160 --> 00:20:06,200 Speaker 1: what do you expect the truckers in Canada Russia to do. 368 00:20:06,280 --> 00:20:08,200 Speaker 1: I mean they're gonna go shrivel up in a hole 369 00:20:08,200 --> 00:20:09,840 Speaker 1: and die. No, I mean they're gonna continue to figure 370 00:20:09,840 --> 00:20:13,600 Speaker 1: out a way to work outside of the dollar system. 371 00:20:13,640 --> 00:20:17,280 Speaker 1: And so, UM, you know, I'm certainly not a Russian 372 00:20:17,280 --> 00:20:20,000 Speaker 1: asset or or I'm certainly not encouraging Russia to go 373 00:20:20,080 --> 00:20:21,920 Speaker 1: to war. I certainly am not a fan of war, 374 00:20:22,040 --> 00:20:25,000 Speaker 1: nor do I want to see anybody hurt with violence 375 00:20:25,080 --> 00:20:28,520 Speaker 1: or death through war. Um. But it's it's important to 376 00:20:28,600 --> 00:20:30,480 Speaker 1: understand what's going on because, like I said, this has 377 00:20:30,640 --> 00:20:33,119 Speaker 1: massive implications for the way that the world financial system 378 00:20:33,200 --> 00:20:36,200 Speaker 1: changes and something that I've been talking about even bigger 379 00:20:36,200 --> 00:20:39,320 Speaker 1: than that. Um. I made a video on my tube 380 00:20:39,400 --> 00:20:42,720 Speaker 1: channel and was like, um, the first thing that is 381 00:20:42,840 --> 00:20:46,240 Speaker 1: lost in war, and the first thing that's lost in 382 00:20:46,320 --> 00:20:51,440 Speaker 1: war is truth. And when truth is lost, we lose trust. 383 00:20:52,640 --> 00:20:55,480 Speaker 1: And the thing with trust is that once trust is gone, 384 00:20:55,680 --> 00:20:58,199 Speaker 1: like it just doesn't come back. If you've ever had 385 00:20:58,200 --> 00:21:00,800 Speaker 1: a situation where a business partner or a spouse or 386 00:21:00,840 --> 00:21:03,720 Speaker 1: something like that, uh, you might know what I'm talking about. 387 00:21:04,320 --> 00:21:06,960 Speaker 1: And and in the beginning, there's like this doubt, right, 388 00:21:07,040 --> 00:21:09,720 Speaker 1: and maybe maybe you're scared of this finding out the reality. 389 00:21:09,760 --> 00:21:11,639 Speaker 1: But once you find out the bad news and the 390 00:21:11,680 --> 00:21:15,880 Speaker 1: trust is gone, it's gone. And that's exactly what we're 391 00:21:15,880 --> 00:21:18,280 Speaker 1: seeing happen all over the world. Right So, when the 392 00:21:18,359 --> 00:21:22,600 Speaker 1: United States seized Russia's bank accounts, it was supposed to 393 00:21:22,600 --> 00:21:26,400 Speaker 1: be a risk free asset. Um, it showed the world 394 00:21:26,480 --> 00:21:30,920 Speaker 1: they can't trust the United States. Now you could just say, well, 395 00:21:31,160 --> 00:21:32,920 Speaker 1: but that's because Russia was a bad actor, and as 396 00:21:32,920 --> 00:21:34,840 Speaker 1: long as the rest of the world doesn't act in 397 00:21:34,880 --> 00:21:38,240 Speaker 1: bad faith, they don't have to worry about it. Right. Well, 398 00:21:38,280 --> 00:21:41,440 Speaker 1: you could say the same thing about the Canadian truckers 399 00:21:41,440 --> 00:21:44,120 Speaker 1: when the single mother gave fifty bucks to the trucker campaign. 400 00:21:44,200 --> 00:21:47,080 Speaker 1: At the time when she gave that it was perfectly 401 00:21:47,480 --> 00:21:51,280 Speaker 1: legal to do that. One of my friends in the 402 00:21:51,280 --> 00:21:57,160 Speaker 1: bitcoin space um after the government um seized the ten 403 00:21:57,400 --> 00:21:59,439 Speaker 1: million dollars that was given to go fund me and 404 00:21:59,800 --> 00:22:05,840 Speaker 1: per frickly legal way, a perfectly legally protected m assembly 405 00:22:06,800 --> 00:22:10,359 Speaker 1: um with a legally protected go fund me um and 406 00:22:10,359 --> 00:22:14,440 Speaker 1: then they seized it, I might say, illegally. Then people 407 00:22:14,480 --> 00:22:16,879 Speaker 1: start donating to bitcoin and I know somebody who was 408 00:22:17,200 --> 00:22:20,119 Speaker 1: involved in helping set that up. At the time perfectly legal, 409 00:22:20,800 --> 00:22:23,960 Speaker 1: and he's now facing serious implications. A matter of fact, 410 00:22:24,000 --> 00:22:27,040 Speaker 1: he has a three hundred million dollar lawsuits slapped against 411 00:22:27,160 --> 00:22:28,960 Speaker 1: him because of that. And at the time it was 412 00:22:28,960 --> 00:22:30,760 Speaker 1: perfectly legal. And the reason why I say that is 413 00:22:30,800 --> 00:22:33,800 Speaker 1: because if you're saying, in your own mind listening to me, going, yeah, 414 00:22:33,800 --> 00:22:35,440 Speaker 1: but Russia is a bad actor, they deserve to have 415 00:22:35,520 --> 00:22:40,119 Speaker 1: their bank accounts frozen. Well, who's to say who a 416 00:22:40,160 --> 00:22:42,680 Speaker 1: bad actor is? Now you say, oh, but Mark Mark. 417 00:22:42,720 --> 00:22:46,480 Speaker 1: Of course, someone who's uh, someone who's doing child exploitation. 418 00:22:46,520 --> 00:22:48,560 Speaker 1: That's certainly bad. We can all agree on that. Sure, 419 00:22:48,640 --> 00:22:50,760 Speaker 1: we can all agree on that, but there's things that 420 00:22:50,800 --> 00:22:54,000 Speaker 1: we can't all agree on. And so then who makes 421 00:22:54,000 --> 00:22:59,280 Speaker 1: that decision. Where does that line um get defined? And 422 00:22:59,320 --> 00:23:02,160 Speaker 1: who moves that line? So back to the Canadian thing. 423 00:23:02,240 --> 00:23:04,160 Speaker 1: At the time, what they were doing was perfectly legal 424 00:23:04,200 --> 00:23:09,639 Speaker 1: and protected under their constitution. Only later did they pass 425 00:23:09,680 --> 00:23:12,800 Speaker 1: a law to say that it was not legal. And 426 00:23:12,840 --> 00:23:14,600 Speaker 1: now they're saying all those people that did those things 427 00:23:14,760 --> 00:23:18,960 Speaker 1: were now violating some sort of policies or laws or whatever. 428 00:23:19,960 --> 00:23:22,399 Speaker 1: And so while you may say, yeah, Russia is a 429 00:23:22,440 --> 00:23:25,040 Speaker 1: bad actor, and I'm not saying they're not, what I'm 430 00:23:25,080 --> 00:23:28,120 Speaker 1: saying is that at any time you go against the regime, 431 00:23:28,200 --> 00:23:31,640 Speaker 1: you're a bad actor, and that that's that's that's that's 432 00:23:32,040 --> 00:23:34,040 Speaker 1: a dangerous thing. But more importantly, the point I'm making 433 00:23:34,080 --> 00:23:36,119 Speaker 1: here is that trust is also lost. Now. Trust is 434 00:23:36,160 --> 00:23:40,560 Speaker 1: a key ingredient in a stable and peaceful economic system. 435 00:23:40,600 --> 00:23:45,040 Speaker 1: We need trust without trust in this world where we're 436 00:23:45,080 --> 00:23:48,080 Speaker 1: in anarchy. Right, I need to trust the other driver 437 00:23:48,720 --> 00:23:50,679 Speaker 1: on the road doesn't run his car into me. I 438 00:23:50,720 --> 00:23:53,040 Speaker 1: need to trust the person making my food didn't put 439 00:23:53,040 --> 00:23:55,960 Speaker 1: poison in it. I need to trust my bank account 440 00:23:55,960 --> 00:23:58,280 Speaker 1: doesn't put a bunch of fainth charges like Wells Fargo 441 00:23:58,280 --> 00:23:59,920 Speaker 1: paid the largest fine in history. I need to try 442 00:24:00,119 --> 00:24:02,320 Speaker 1: us that the funder Reserve doesn't print a bunch of 443 00:24:02,359 --> 00:24:04,800 Speaker 1: money and devalue my currency. But of course we can't 444 00:24:04,800 --> 00:24:09,080 Speaker 1: trust those institutions. But it's the most important ingredient. How 445 00:24:09,119 --> 00:24:11,640 Speaker 1: can we work together if we can't trust each other. 446 00:24:13,040 --> 00:24:15,240 Speaker 1: When the United States decized to freeze and sees money 447 00:24:15,280 --> 00:24:18,479 Speaker 1: held in their reserve accounts by countries they don't like, 448 00:24:19,480 --> 00:24:22,679 Speaker 1: it shows that other can't. Other countries can't trust the 449 00:24:22,760 --> 00:24:26,920 Speaker 1: United States to custody their own money. Right. Even worse, 450 00:24:27,000 --> 00:24:30,520 Speaker 1: it allows doubt to creep into their minds. Right, other 451 00:24:30,520 --> 00:24:33,120 Speaker 1: countries are watching going will shoot. I mean if they 452 00:24:33,119 --> 00:24:35,560 Speaker 1: can do it to them, certainly they can do it 453 00:24:35,600 --> 00:24:39,600 Speaker 1: to us. And once you start going down that route, 454 00:24:39,640 --> 00:24:43,560 Speaker 1: once that trust is lost, it doesn't come back. Super 455 00:24:43,640 --> 00:24:47,199 Speaker 1: super important. Um, which is why the entire worlds pivoting 456 00:24:47,200 --> 00:24:50,480 Speaker 1: to this commodity based system because we can trust commodities. 457 00:24:50,520 --> 00:24:53,080 Speaker 1: If I have the oil, if I have the gold, 458 00:24:53,560 --> 00:24:59,160 Speaker 1: then I have it right. So it's important thing to understand. Now, 459 00:24:59,200 --> 00:25:01,160 Speaker 1: there was an article that came out on Al Jazeera 460 00:25:01,280 --> 00:25:03,320 Speaker 1: which you might say, Mark, why are you reading al Jazeera? Well, 461 00:25:03,359 --> 00:25:05,119 Speaker 1: sometimes you have to read international news to try to 462 00:25:05,160 --> 00:25:07,800 Speaker 1: get a better understanding what's going on. Um. You know, 463 00:25:07,920 --> 00:25:10,320 Speaker 1: you might have heard that there's three sides in any story. 464 00:25:10,320 --> 00:25:12,200 Speaker 1: There's your side, my side, and there's something in the middle, 465 00:25:13,200 --> 00:25:14,240 Speaker 1: and so you need to get out of the US 466 00:25:14,280 --> 00:25:17,760 Speaker 1: mainstream news sometimes. And al Jazeira says Russian sanctions could 467 00:25:17,840 --> 00:25:22,280 Speaker 1: drive more people to crypto an analysts says, so this analyst. 468 00:25:22,320 --> 00:25:26,440 Speaker 1: According to a Pew Research Center, of Americans have dabbled 469 00:25:26,520 --> 00:25:29,919 Speaker 1: in trading, using, and investing in cryptocurrencies, but that figure 470 00:25:30,000 --> 00:25:35,359 Speaker 1: is likely to rise considerably, um Ran new Ner because 471 00:25:35,359 --> 00:25:38,360 Speaker 1: the host of CNBC's Crypto Trader. He told Al Jazero, 472 00:25:38,600 --> 00:25:41,120 Speaker 1: I think we may refer to two as the year 473 00:25:41,280 --> 00:25:45,080 Speaker 1: of the big catalyst for crypto because what governments did 474 00:25:45,359 --> 00:25:49,399 Speaker 1: is actually to force adoption, he said. He wanted to 475 00:25:49,440 --> 00:25:51,920 Speaker 1: say they put people in a position where they had 476 00:25:52,000 --> 00:25:55,280 Speaker 1: no choice but to flee to the other system. That's 477 00:25:55,320 --> 00:25:57,280 Speaker 1: what I was saying before, Like with Canada, Russia, what 478 00:25:57,359 --> 00:25:58,920 Speaker 1: are they gonna do, just go go into a hole 479 00:25:58,920 --> 00:26:01,800 Speaker 1: and die. Not they still need to live, and so 480 00:26:01,840 --> 00:26:06,080 Speaker 1: they're just forced to go into another system, he says, 481 00:26:06,119 --> 00:26:08,199 Speaker 1: what governments did. The U S and its allies have 482 00:26:08,280 --> 00:26:12,000 Speaker 1: imposed sanctions on Russia. Obviously we know that um the 483 00:26:12,040 --> 00:26:15,000 Speaker 1: world's largest credit card networks Visa and master Card, and 484 00:26:15,080 --> 00:26:18,520 Speaker 1: internet paid payments like PayPal, announced over the weekend they 485 00:26:18,520 --> 00:26:21,480 Speaker 1: are suspending services in Russia. That means that credit and 486 00:26:21,520 --> 00:26:24,480 Speaker 1: debit cards issued by Russian banks will no longer work 487 00:26:24,560 --> 00:26:29,119 Speaker 1: outside of Russia. So Nooner said that quote Russians that 488 00:26:29,160 --> 00:26:31,080 Speaker 1: are living in the US but have bank accounts in 489 00:26:31,160 --> 00:26:34,840 Speaker 1: Russia have had their credit cards cut off. Essentially, people 490 00:26:34,840 --> 00:26:41,160 Speaker 1: are forced onto the alternative financial system, and that of course, 491 00:26:41,320 --> 00:26:44,240 Speaker 1: like I said, it's cryptocurrencies. That's the big beneficiary. Everyone's 492 00:26:44,240 --> 00:26:46,520 Speaker 1: moving over to that. The majority of the digital coins 493 00:26:46,520 --> 00:26:48,520 Speaker 1: trading is done on a peer to peer basis. There's 494 00:26:48,560 --> 00:26:52,159 Speaker 1: no middleman, unlike with banks, UM, where banks can just 495 00:26:52,280 --> 00:26:56,719 Speaker 1: decide to shut off your payments. And that's exactly what's happening. 496 00:26:57,000 --> 00:26:59,560 Speaker 1: So we're gonna talk about this boost in sanctions, what's 497 00:26:59,560 --> 00:27:01,800 Speaker 1: gonna happen. And then I want to talk about a 498 00:27:01,840 --> 00:27:04,840 Speaker 1: bitcoin prediction by somebody you might care to hear about 499 00:27:04,880 --> 00:27:06,800 Speaker 1: where we think the price of bitcoin could go because 500 00:27:06,840 --> 00:27:08,960 Speaker 1: of this. I got a lot more to cover. H 501 00:27:09,000 --> 00:27:11,240 Speaker 1: you're listening to the markmas Show. We're talking about the 502 00:27:11,320 --> 00:27:15,239 Speaker 1: decentralized revolution, the intersection of politics, finance and technology. Of 503 00:27:15,240 --> 00:27:18,840 Speaker 1: course we're talking about bitcoin specifically talking about how it's 504 00:27:18,880 --> 00:27:21,560 Speaker 1: going to continue to grow because of the sanctions UM, 505 00:27:21,640 --> 00:27:22,960 Speaker 1: and like I said, I want to tell you some 506 00:27:23,000 --> 00:27:24,919 Speaker 1: of the predictions of where it can go. I got 507 00:27:24,920 --> 00:27:26,760 Speaker 1: a lot more to cover, So don't go away. I'm 508 00:27:26,760 --> 00:27:29,200 Speaker 1: gonna be right back. All right, Welcome back here, listening 509 00:27:29,200 --> 00:27:33,800 Speaker 1: to the markma Show, and we're talking about the decentralized revolution. 510 00:27:34,480 --> 00:27:38,400 Speaker 1: We're talking about the way that politics and technology and 511 00:27:38,440 --> 00:27:42,200 Speaker 1: finance are all coming together right now, smashing together in 512 00:27:42,240 --> 00:27:45,320 Speaker 1: a collision course to change the world as we know it. 513 00:27:45,600 --> 00:27:48,120 Speaker 1: Of course, I've been talking about this a lot. I've 514 00:27:48,160 --> 00:27:51,280 Speaker 1: made Uh, I've done I've done several talks talking about 515 00:27:51,480 --> 00:27:54,720 Speaker 1: the three revolutionary cycles that are converging right now. A 516 00:27:54,720 --> 00:27:59,040 Speaker 1: political cycle, a financial cycle, technological revolution cycle. UM. If 517 00:27:59,040 --> 00:28:01,719 Speaker 1: you want to know about that, you can just go 518 00:28:01,760 --> 00:28:06,600 Speaker 1: onto YouTube and search Mark moss Um three three revolutionary cycles. UM. 519 00:28:06,640 --> 00:28:08,960 Speaker 1: You could search the Battle for the Fate of Humanity, 520 00:28:09,119 --> 00:28:11,160 Speaker 1: listen to some podcasts that I've been on talking about that. 521 00:28:11,600 --> 00:28:14,280 Speaker 1: But it's really those three things that are coming together 522 00:28:15,760 --> 00:28:19,000 Speaker 1: that are changing the world as we know it. Um. 523 00:28:19,040 --> 00:28:21,720 Speaker 1: And it's happening really fast. I mean, it's happening faster 524 00:28:21,760 --> 00:28:23,639 Speaker 1: than we can think. And so before the break, I 525 00:28:23,680 --> 00:28:27,840 Speaker 1: was talking about, um this article on Al Jazeera that 526 00:28:27,960 --> 00:28:32,320 Speaker 1: says that Russian sanctions could drive more people to cryptocurrencies. 527 00:28:33,040 --> 00:28:36,000 Speaker 1: And uh, they were talking from Ran Nowoner, he's a 528 00:28:36,040 --> 00:28:41,640 Speaker 1: host of CNBCS Crypto show, and uh he said that, um, quote, 529 00:28:41,680 --> 00:28:43,240 Speaker 1: Russians that are living in the US but have bank 530 00:28:43,240 --> 00:28:46,160 Speaker 1: accounts in Russia had their credit cards cut off. UM. 531 00:28:46,240 --> 00:28:48,880 Speaker 1: And because of this it's going to force these people 532 00:28:48,960 --> 00:28:53,680 Speaker 1: into a alternative financial system, is what he said. Uh, 533 00:28:53,760 --> 00:28:56,760 Speaker 1: and that's exactly what happening. Um. There's an analogy here, 534 00:28:58,160 --> 00:29:00,400 Speaker 1: and it's the difference of a centralized database versus a 535 00:29:00,440 --> 00:29:06,200 Speaker 1: decentralized database, or a decentralized platform versus a centralized platform. Um. 536 00:29:06,240 --> 00:29:09,640 Speaker 1: And so like a centralized exchange like coin Base or 537 00:29:09,680 --> 00:29:13,720 Speaker 1: Binance or cracking or Gemini. Um, it's a central database 538 00:29:13,760 --> 00:29:17,800 Speaker 1: owned by a centralized entity, and they are regulated by 539 00:29:17,840 --> 00:29:21,720 Speaker 1: central governments. As a matter of fact, they were ordered 540 00:29:21,760 --> 00:29:24,920 Speaker 1: by the government in the United States to ban all 541 00:29:25,120 --> 00:29:29,280 Speaker 1: Russian users, um, not just sanctioned individuals from their platforms, 542 00:29:29,320 --> 00:29:33,400 Speaker 1: but everybody in Russia. And so coin Base announced earlier 543 00:29:33,440 --> 00:29:36,960 Speaker 1: this week that I had blocked twenty five thousand Russian 544 00:29:37,000 --> 00:29:41,080 Speaker 1: linked cryptocurrency addresses the platforms that the addresses were linked 545 00:29:41,080 --> 00:29:44,520 Speaker 1: to Russian individuals or entities they believed to have engaged 546 00:29:44,600 --> 00:29:51,640 Speaker 1: in illicit activity. Well, um, so first of all, that's 547 00:29:51,680 --> 00:29:56,720 Speaker 1: not bitcoin. Bitcoin is a decentralized network. Bitcoin cannot censor anybody. 548 00:29:56,920 --> 00:30:00,600 Speaker 1: Bitcoin sees everybody on the network exactly this same. So 549 00:30:00,600 --> 00:30:02,880 Speaker 1: it's not a bitcoin or it's not cryptocurrency. What it 550 00:30:03,000 --> 00:30:06,320 Speaker 1: is is it's the platform it self. Coin Base. Coin 551 00:30:06,320 --> 00:30:08,400 Speaker 1: Base was able to do that UM, so it's a 552 00:30:08,440 --> 00:30:10,680 Speaker 1: big difference of that. The analogy would be like Gmail 553 00:30:11,000 --> 00:30:15,040 Speaker 1: versus Email. So Google could block certain addresses at the 554 00:30:15,120 --> 00:30:19,880 Speaker 1: application level, but Email uses a protocol called s m 555 00:30:20,000 --> 00:30:23,400 Speaker 1: t P and so that that's an open source protocol. 556 00:30:23,440 --> 00:30:27,920 Speaker 1: That's how the email gets routed around, and so UM 557 00:30:27,960 --> 00:30:30,640 Speaker 1: anybody could use the s m t P protocol to 558 00:30:30,720 --> 00:30:32,880 Speaker 1: send email, but some of us prefer just to use 559 00:30:32,960 --> 00:30:37,720 Speaker 1: Gmail because it's easier. So while Gmail, a centralized UM application, 560 00:30:37,960 --> 00:30:41,920 Speaker 1: could block certain email addresses, the s m T SMTP 561 00:30:42,080 --> 00:30:45,000 Speaker 1: email protocol still works. You can't do that, So it's 562 00:30:45,040 --> 00:30:47,280 Speaker 1: kind of one way to look at that. UM. But 563 00:30:47,760 --> 00:30:51,440 Speaker 1: just know that these centralized entities can and will freeze 564 00:30:51,480 --> 00:30:54,480 Speaker 1: your assets at any time if a country asked you 565 00:30:54,520 --> 00:30:57,040 Speaker 1: to do that, and same with your n f T s. 566 00:30:57,360 --> 00:30:59,680 Speaker 1: We saw last week the world's largest n f T marketplace, 567 00:30:59,760 --> 00:31:07,000 Speaker 1: open See, reportedly removed Iranian users from its platform. And again, 568 00:31:07,400 --> 00:31:09,160 Speaker 1: if you move them off, what are they gonna do. 569 00:31:09,480 --> 00:31:11,080 Speaker 1: They're not going to just go away and die. They're 570 00:31:11,080 --> 00:31:16,000 Speaker 1: going to just find another way to do it. But 571 00:31:16,120 --> 00:31:17,920 Speaker 1: like I said, the point of this article was saying 572 00:31:17,960 --> 00:31:21,240 Speaker 1: that sunctions, the sanctions um are probably gonna be this 573 00:31:21,520 --> 00:31:26,240 Speaker 1: massive catalyst of pushing people over in the bitcoin it says, 574 00:31:26,280 --> 00:31:30,560 Speaker 1: sanctions only work if people are using your currency. Duh, right, 575 00:31:31,360 --> 00:31:33,959 Speaker 1: sanctions only work if people are using your currency. If 576 00:31:33,960 --> 00:31:36,240 Speaker 1: they're not, then what good are those sanctions gonna do? 577 00:31:36,760 --> 00:31:38,680 Speaker 1: It says if Russia and China decide that they're going 578 00:31:38,760 --> 00:31:42,680 Speaker 1: to use Beijing's digital central bank digital currency, or Moscow 579 00:31:42,760 --> 00:31:45,600 Speaker 1: decides to create its own, or they decided to trade 580 00:31:45,640 --> 00:31:51,240 Speaker 1: in gold, then sanctions aren't gonna matter. The sanctions only 581 00:31:51,280 --> 00:31:54,280 Speaker 1: work on the US dollar reserve system or on the 582 00:31:54,320 --> 00:31:57,440 Speaker 1: Swiss system, But if they work outside of that system, 583 00:31:58,280 --> 00:32:02,520 Speaker 1: they do absolutely nothing. And so a lot of people listening, 584 00:32:02,600 --> 00:32:04,440 Speaker 1: you know, and I've gotten comments UM that said, but 585 00:32:04,720 --> 00:32:08,560 Speaker 1: don't you think they should sanction Russia? Well maybe it's 586 00:32:08,600 --> 00:32:12,880 Speaker 1: a complicated issue. UM. As I've said before, nothing, UM, 587 00:32:14,400 --> 00:32:18,920 Speaker 1: nothing is without risk. Everything has trade offs, and UM, 588 00:32:19,000 --> 00:32:21,080 Speaker 1: the ability to sanction the nation is brand new. I 589 00:32:21,120 --> 00:32:23,240 Speaker 1: mean it's it's it's only been you know, the last 590 00:32:23,560 --> 00:32:26,480 Speaker 1: fifty sixty years. This is even possible for all of humanity. 591 00:32:26,680 --> 00:32:30,520 Speaker 1: It wasn't, UM, and you might be able to make 592 00:32:30,560 --> 00:32:33,719 Speaker 1: an argument that it's actually done way more harm than 593 00:32:33,800 --> 00:32:37,120 Speaker 1: it's done good. Now, I might be I might be 594 00:32:37,200 --> 00:32:39,080 Speaker 1: on my own hair, but I tend to think that 595 00:32:39,360 --> 00:32:43,440 Speaker 1: we get along better when we cooperate instead of trying 596 00:32:43,520 --> 00:32:47,680 Speaker 1: to force or impose our will on people. I think 597 00:32:47,760 --> 00:32:50,600 Speaker 1: that through the carrot we can do more than we 598 00:32:50,680 --> 00:32:54,800 Speaker 1: can with the stick. Um And at the end of 599 00:32:54,800 --> 00:32:58,200 Speaker 1: the day, like I said, everything has an unintended consequences. So, um, 600 00:32:59,520 --> 00:33:02,000 Speaker 1: you know, we were able to control the system. Now 601 00:33:02,080 --> 00:33:03,840 Speaker 1: we're having a system where we've kicked everybody out of 602 00:33:03,840 --> 00:33:06,800 Speaker 1: the party and we're the only ones left. And so well, 603 00:33:06,840 --> 00:33:08,920 Speaker 1: we'll see what happens. It's gonna be interesting. Like I said, 604 00:33:08,960 --> 00:33:12,280 Speaker 1: there's a days where decades seem to happen, and that's 605 00:33:12,320 --> 00:33:16,400 Speaker 1: exactly what we're witnessing now. On top of that story, um, 606 00:33:16,680 --> 00:33:19,520 Speaker 1: as this sanctions on Russia probably are going to lead 607 00:33:19,560 --> 00:33:25,480 Speaker 1: to more people using cryptocurrency. What's next for bitcoin's prices? Well, 608 00:33:25,600 --> 00:33:27,560 Speaker 1: a lot of people want to know, now I am 609 00:33:27,760 --> 00:33:30,640 Speaker 1: I for one, am not big on predictions. I think 610 00:33:30,720 --> 00:33:34,440 Speaker 1: it's much easier to understand the future, like the far 611 00:33:34,520 --> 00:33:37,239 Speaker 1: out future than the near future. So if you want 612 00:33:37,280 --> 00:33:38,880 Speaker 1: to know what's if you want to ask me where 613 00:33:38,880 --> 00:33:40,920 Speaker 1: do I think bitcoin will be at the end of 614 00:33:41,040 --> 00:33:44,240 Speaker 1: the month, or by the summer, or even by the 615 00:33:44,360 --> 00:33:46,600 Speaker 1: end of the year. It's a lot harder to answer that. 616 00:33:47,040 --> 00:33:48,640 Speaker 1: If you ask me where I think bitcoin could be 617 00:33:48,640 --> 00:33:50,600 Speaker 1: in the next five years. I feel a little bit 618 00:33:50,680 --> 00:33:54,960 Speaker 1: more confident about that. Um. So, you know, judging the future, 619 00:33:55,080 --> 00:33:58,760 Speaker 1: specifically timing. So it's like, I think I can give 620 00:33:58,800 --> 00:34:01,400 Speaker 1: you a price target, and actually there's an old scene. 621 00:34:01,440 --> 00:34:05,440 Speaker 1: I should have looked it up. Um, I can give 622 00:34:05,480 --> 00:34:08,520 Speaker 1: you the price target or I can give you the time, 623 00:34:08,920 --> 00:34:11,680 Speaker 1: but I can't give you both together. Says something like that. 624 00:34:12,080 --> 00:34:13,560 Speaker 1: So I could tell you where I think the price 625 00:34:13,600 --> 00:34:16,000 Speaker 1: of bitcoin gets to, but I can't tell you when 626 00:34:16,239 --> 00:34:19,239 Speaker 1: it will get there. That's basically what that statement means. 627 00:34:19,320 --> 00:34:23,120 Speaker 1: But some people try. Um. Some people are wrong, most 628 00:34:23,200 --> 00:34:26,560 Speaker 1: most are wrong. UM. But UM, there was an article 629 00:34:26,680 --> 00:34:31,759 Speaker 1: that came out UM of somebody trying, and it was 630 00:34:32,440 --> 00:34:35,879 Speaker 1: let's see here. It was someone who used to work 631 00:34:36,160 --> 00:34:40,000 Speaker 1: under the um Trump administration for a little while. His 632 00:34:40,120 --> 00:34:45,600 Speaker 1: name is Scarmucci, Anthony Scarmucci, and uh, I think he 633 00:34:45,719 --> 00:34:48,080 Speaker 1: ran the calms communications for the White House at the time. 634 00:34:48,719 --> 00:34:51,400 Speaker 1: And uh he also runs some big hedge fund or 635 00:34:51,400 --> 00:34:53,840 Speaker 1: Wall Street fund as well. And he says that he 636 00:34:54,000 --> 00:34:58,520 Speaker 1: thinks that we'll get to one hundred thousand dollar bitcoin 637 00:34:59,160 --> 00:35:01,080 Speaker 1: and then in the next I think a year and 638 00:35:01,080 --> 00:35:04,480 Speaker 1: a half and that will get to five hundred thousand 639 00:35:04,520 --> 00:35:08,560 Speaker 1: dollar bitcoin in the next three years. Um, you know, 640 00:35:08,680 --> 00:35:10,960 Speaker 1: the hundred thousand dollar one in the next year, like 641 00:35:11,040 --> 00:35:14,080 Speaker 1: I said, is a is a much harder one to understand. 642 00:35:14,400 --> 00:35:16,879 Speaker 1: I feel much better about the five hundred thousand dollar 643 00:35:16,920 --> 00:35:19,160 Speaker 1: target over the next couple of years, which I think 644 00:35:19,280 --> 00:35:21,600 Speaker 1: is is doable, and I think that's something that we'll see. 645 00:35:21,960 --> 00:35:24,200 Speaker 1: But of course I can give you the price target, 646 00:35:24,440 --> 00:35:26,520 Speaker 1: I can give you the time, but I can't give 647 00:35:26,760 --> 00:35:30,520 Speaker 1: both of you those together. But that's what Anthony Scarmucci says. 648 00:35:30,560 --> 00:35:34,960 Speaker 1: And you know, he his he's got a voice, people 649 00:35:35,080 --> 00:35:38,040 Speaker 1: people respect his opinion. I'm not saying I agree with it, 650 00:35:38,400 --> 00:35:40,960 Speaker 1: but that's where he's saying. So, um, if bigoin gets 651 00:35:40,960 --> 00:35:43,759 Speaker 1: two hundred thousand, that's more than increase from here, which 652 00:35:43,800 --> 00:35:46,759 Speaker 1: is a pretty good dang return. I think bigcoin can 653 00:35:46,800 --> 00:35:48,560 Speaker 1: get to five hundred thousand over the next couple of years. 654 00:35:48,600 --> 00:35:51,759 Speaker 1: It's a about a twelve x from here, which is 655 00:35:51,960 --> 00:35:55,800 Speaker 1: insane and amazing. Um. The best way to take advantage 656 00:35:55,800 --> 00:35:58,880 Speaker 1: of that is to just start buying, just buying a 657 00:35:58,920 --> 00:36:02,759 Speaker 1: weekly basis, just buy a little bit each week. Um. 658 00:36:03,080 --> 00:36:05,120 Speaker 1: You know, some people want to try to time the market. 659 00:36:05,160 --> 00:36:07,240 Speaker 1: Should I buy right now or should I wait? Should 660 00:36:07,239 --> 00:36:09,160 Speaker 1: I wait for the price to dip. The problem is 661 00:36:09,200 --> 00:36:10,840 Speaker 1: you don't know when the top of the market or 662 00:36:10,840 --> 00:36:13,360 Speaker 1: the bottom of the market is until you're looking backwards 663 00:36:13,480 --> 00:36:15,960 Speaker 1: on it. And so that's probably why one of the 664 00:36:16,040 --> 00:36:18,719 Speaker 1: best ways to get into bitcoin is just to start 665 00:36:18,800 --> 00:36:21,840 Speaker 1: buying on a weekly basis, just dollar cost averaging. In 666 00:36:22,400 --> 00:36:25,480 Speaker 1: you're listening to the Market Moss Show talking about bitcoin, 667 00:36:25,520 --> 00:36:29,240 Speaker 1: the decentralized revolution, and the way the world is changing, 668 00:36:29,640 --> 00:36:31,200 Speaker 1: and it's changing fast. Thanks for listening.