Speaker 1: Hey, everyone, welcome back to another episode of The Markmas
Speaker 1: Show where we talk about the intersection of politics, finance,
Speaker 1: and technology. We're talking about the decentralized revolution that is
Speaker 1: changing the world right before our very eyes. If if
Speaker 1: you know what you're paying attention to, you should know
Speaker 1: what you're paying attention to, because it is going to
Speaker 1: be the biggest catalyst, uh, that you'll see in your life.
Speaker 1: I mean, it is literally changing the world as we
Speaker 1: know it. And you can either bury your head in
Speaker 1: the sand and not pay attention, and or you can
Speaker 1: you can pay attention. You can take advantage of it.
Speaker 1: I like to say that the ostrich can bury its
Speaker 1: head in the sand, but it can't stop it from
Speaker 1: being eaten. And so um, as iron Rand would say,
Speaker 1: you can choose to ignore reality, but you cannot ignore
Speaker 1: the consequences of reality. So you might as well pay attention. Uh,
Speaker 1: it's pretty interesting and so I guess that's obviously, which
Speaker 1: is why you're listening to me right now. So thanks
Speaker 1: for tuning in. I got a lot to cover um
Speaker 1: in the next hour, because there's so much that is
Speaker 1: happening in the world right now, and so we'll just
Speaker 1: go ahead and jump right into it. UM. One of
Speaker 1: the biggest pieces of news this week was this UM
Speaker 1: executive order, this executive action that was wit we have
Speaker 1: been waiting on for the from from the White House
Speaker 1: UM and really, UM, they finally put it out and
Speaker 1: it was kind of not a big deal. I dug
Speaker 1: in super deep into a previous segment. If you want
Speaker 1: to know more about that, you can and you missed it,
Speaker 1: then you can check out the the podcast coming out
Speaker 1: this week. But basically, Joe Biden signed this UH first
Speaker 1: of its kind they say, executive order on cryptocurrencies and
Speaker 1: basically just said they directed federal agencies to coordinate their
Speaker 1: approach on the sector and there was UM it didn't
Speaker 1: lay on anything specific to do, but rather things they
Speaker 1: wanted to go look at, and it just directed all
Speaker 1: these different federal agencies to start coordinating their efforts to
Speaker 1: start doing this UM. And really there were six areas
Speaker 1: that they really wanted to focus on. There was, like
Speaker 1: I said, there wasn't any new regulations, more just coordinate
Speaker 1: everybody to move forward. UM. And they said six key
Speaker 1: priorities for the administration were one protecting US interests to
Speaker 1: protecting global financial stability, three preventing illicit uses, for promoting
Speaker 1: what they call responsible innovation, uh, five financial inclusion, and
Speaker 1: six US leadership UM. And so that's that's the areas
Speaker 1: they want to focus on. I think most of that
Speaker 1: is just a bunch of words salad doesn't really mean anything.
Speaker 1: I'm guessing we're gonna see a lot more coming out
Speaker 1: of that. But you know, the markets responded pretty well,
Speaker 1: and actually bitcoin kind of bounced up on the news
Speaker 1: and it's kind of sold off a little bit. But um,
Speaker 1: the market basically agrees with me that it wasn't a
Speaker 1: really really big deal. And I think at this time,
Speaker 1: at this point in time in the world right now,
Speaker 1: we have way bigger things to focus on, and maybe
Speaker 1: that's part of the reason why, um, this this executive
Speaker 1: order just kind of fell on deaf ears, if you will,
Speaker 1: uh um. And so what are some of these much
Speaker 1: bigger things that we're talking about. Well, at the same
Speaker 1: time as this is coming out, we saw the same
Speaker 1: week we saw the United States government, the b l S,
Speaker 1: the Bureau of Labor Statistics put out the new inflation numbers,
Speaker 1: the c p I, that's the Consumer Price Index. UM.
Speaker 1: I like to call it the cp LIE because it's
Speaker 1: all a lie. Um. And basically they put out the CPI,
Speaker 1: the Consumer Price Index, and it says that inflation reached
Speaker 1: seven point nine which is the highest prices in forty
Speaker 1: years or so. They say, well, or so they say,
Speaker 1: let's talk about that for a second. So they said
Speaker 1: that rising energy. Uh duh. Unless you've been living under rock,
Speaker 1: you know, energy prices are going through the roof. Now
Speaker 1: if you think they're high in the United States, where
Speaker 1: in Los Angeles gas prices are up over seven dollars
Speaker 1: a gallon, um, that's nothing you should see. Over in
Speaker 1: Europe they have U if you convert into dollars, they
Speaker 1: have gas that's over ten dollars a gallon already. Um.
Speaker 1: But they have like natural gas is up over a
Speaker 1: thousand percent, up over a thousand percents. Anyway, rising energy,
Speaker 1: of course, rising food and services pushed prices past the
Speaker 1: highest level we've seen in four decades, seven point nine
Speaker 1: percent annual rate. Now. It's interesting about this, though, is
Speaker 1: that it says, uh that this CPI number hasn't been
Speaker 1: this high since it was eight point four percent in
Speaker 1: January of ninety two. And in January two, a couple
Speaker 1: of things that are interesting about that. So one, that's
Speaker 1: when when the nation was in a massive recession and
Speaker 1: it was trying to tame what had been double digit inflation.
Speaker 1: So um, they had raised interest rates super high to
Speaker 1: bring inflation down, and so we were in this strange
Speaker 1: period when that was happening. Um. But what's more important
Speaker 1: about this is they use this cp I consumer price
Speaker 1: index to measure this inflation. And so basically the quick
Speaker 1: version story of this. If you went to the grocery
Speaker 1: store and you bought a basket of goods. So you
Speaker 1: put your gallon of milk, and you put your thing
Speaker 1: of cheese, and you put your steak, and you put
Speaker 1: your whatever, right, all the things that you would typically buy.
Speaker 1: That's a basket of goods. And then what you do
Speaker 1: is you track that same basket throughout a period of time,
Speaker 1: and then you see what the changes in the prices
Speaker 1: are to that basket of goods. Of course, there's things more,
Speaker 1: there's more things in there than meat and cheese and steak. Um.
Speaker 1: But um, that's basically the way it works now. But
Speaker 1: the problem is that, well, the problem for us was
Speaker 1: get trying to get good data and not the problem
Speaker 1: for the government is that they have changed the way
Speaker 1: they calculate that basket of goods. So there was a
Speaker 1: massive overhaul to that in the eighties. Then there was
Speaker 1: another massive over hall to the CPI basket in the nineties.
Speaker 1: And so when we say that it hasn't been this
Speaker 1: high since two and it was eight point four percent,
Speaker 1: it's actually wrong. You could say it's misleading. I say
Speaker 1: it's a lie because we've changed that basket. So there's
Speaker 1: several ways that that's done. So for example, there's like
Speaker 1: a substitution. So because steak got so expensive, let's substitute
Speaker 1: the steak out and let's put hamburger meat there. Okay, well,
Speaker 1: hamburger meats gotten too expensive, so let's put like soy
Speaker 1: protein there instead. So um, they say that the price
Speaker 1: hasn't really gone up much, but I'm eating p sludge
Speaker 1: instead of steak like I used to. So they've substituted out,
Speaker 1: so it's not tracking actual. That's one example. Another example
Speaker 1: would be like with homes. Home prices have gone up
Speaker 1: like crazy, obviously, um, but the rents haven't gone up
Speaker 1: quite as high as the homes have. And so what
Speaker 1: they do is they use what's known as a homeowners
Speaker 1: are rent equivalence, So it's not how much the price
Speaker 1: of the home one up, it's how much the renter
Speaker 1: thinks they could rent the house for. And they do
Speaker 1: that through a poll. They just ask people. No, I
Speaker 1: don't know who they asked. They didn't ask me, but
Speaker 1: supposed they ask homeowners and it's up to them to
Speaker 1: tell them, which is kind of strange because they could
Speaker 1: just use national statistics and they could actually get real data,
Speaker 1: but of course they don't want to do that. UM.
Speaker 1: So for example, they say, UM, rent went up by
Speaker 1: like I think, three and a half percent, but we
Speaker 1: know that in Gilbert, Arizona went up a hundred and
Speaker 1: eight percent. We know that in a few states, a
Speaker 1: couple of states saw over fifty percent increase in rents.
Speaker 1: So where do they get up with a single digit
Speaker 1: inflation for rents? That's why I call it cp lie UM.
Speaker 1: And if we look at if we go back to
Speaker 1: the way they calculate if we took the same basket
Speaker 1: of goods they checked it in ninet and looked at today. UM.
Speaker 1: There's a company, there's a website you can go to
Speaker 1: called Shadows Stats, and they tell us what this is.
Speaker 1: UM we're really over I think sixteen percent inflation. UM.
Speaker 1: So if we go back they say it hasn't been
Speaker 1: the high since two. Well, if we use in nineteen
Speaker 1: two statistics, we're actually up over and so UM. As
Speaker 1: inflation continues to reach higher, people are looking for inflation hedges,
Speaker 1: and of course bitcoin is one of those amazing inflation hedges.
Speaker 1: And the reason why it's because there can never be
Speaker 1: more than twenty one million people want too good out
Speaker 1: of the money that continue increases inflates and go to
Speaker 1: something that doesn't Like gold has been that hedge for
Speaker 1: five thousand years, which by the way, is breaking out
Speaker 1: to new all time highs as well as well as
Speaker 1: something like bitcoin that has a fixed supply cap. UM.
Speaker 1: I have a lot more news I want to cover.
Speaker 1: I have a big, big, big article that really the
Speaker 1: death of the financial system as we know it has
Speaker 1: here and we're moving into a new system. Over the
Speaker 1: last week that's happened, UM. I want to talk about
Speaker 1: trust being lost and some bitcoin price predictions. When I
Speaker 1: come back a lot to cover. You listen to the
Speaker 1: Markma Show talking about the decentralized revolution, bitcoin, politics, finance, etcetera.
Speaker 1: And I'll be right back with more. Don't go away,
Speaker 1: all right, welcome back. You're listening to the Markma Show.
Speaker 1: We're talking about the decentralized revolution. We're talking about the
Speaker 1: world changing right before our very eyes through the intersections
Speaker 1: of politics, finance, and technology. Those are the key drivers
Speaker 1: that are changing the world. If you're not paying attention
Speaker 1: to that, then you don't know what the heck is
Speaker 1: going on out there. Um. But of course you are
Speaker 1: paying attention, which is why you're listening to me right now.
Speaker 1: So good job. Now, something that I've talked about a
Speaker 1: lot um over the last year or so, um, and
Speaker 1: actually I guess it was towards the end of twenty
Speaker 1: the i m F. The i m F is sort
Speaker 1: of like the Central Bank about the central banks. Um,
Speaker 1: they called for a Breton Woods to moment um. And
Speaker 1: so to understand what Bretton Woods too is, you have
Speaker 1: to understand what Bretton Woods one was, which happened in
Speaker 1: and the entire world got together and reset the global
Speaker 1: financial system and they agreed to it. So the whole
Speaker 1: world kind of got together and agreed to this, and
Speaker 1: they went onto a new global monetary standard, which was
Speaker 1: the dollar thirty five dollars was redeemable for one ounce
Speaker 1: of gold, and then all the currencies of the world
Speaker 1: were pegged to the US dollar. And then Um, I've
Speaker 1: been talking about the I m F calling for Bretton
Speaker 1: Woods to um. But maybe we're actually going into Breton
Speaker 1: Woods three. What does that mean? I hadn't actually thought
Speaker 1: of this until just recently. Uh, and I just recently
Speaker 1: made a video on my YouTube channel for it as well,
Speaker 1: if you haven't, if you want to go dig in
Speaker 1: deeper on that. But basically it was kind of the
Speaker 1: idea came from the credit suite manager. Um. His name
Speaker 1: is Zultan pasar Um, somebody I've been paying attention to
Speaker 1: do a lot um. He writes, uh, pretty in depth
Speaker 1: and technical articles. So I'll make I'll take it and
Speaker 1: make it easy for you to understand. But he says
Speaker 1: that money quote, money will never be the same again
Speaker 1: after the Ukraine War. And he also says that bitcoin
Speaker 1: maybe the beneficiary of this. He says that we're witnessing
Speaker 1: the birth of a new world monetary order. Those are
Speaker 1: big words, those are real big words. Now, he's a
Speaker 1: former Federal Reserve and US Treasury Department official. Okay, so
Speaker 1: he's worked on the inside, the inside of the belly
Speaker 1: of the beast, if you will, And now he works
Speaker 1: at Credit Suetes as a short term rate strategist. Again
Speaker 1: his name result on pasar Um. And basically what he's
Speaker 1: saying is that the US is in this commodity crisis
Speaker 1: that we're in right now. Commodities being you know, real
Speaker 1: things being energy, oil, gas, um, food, things like that,
Speaker 1: and it's giving rise to a new world monetary order
Speaker 1: that's going to ultimately weaken the current dollar based system
Speaker 1: and lead to higher inflation in the West. Of the
Speaker 1: West would be you know, North America, Western Europe, etcetera. Now,
Speaker 1: he says, quote, the crisis is not like anything we've
Speaker 1: seen since President Richard Nixon took the U. S. Dollar
Speaker 1: off the gold in nineteen seventy one. So Breton Woods,
Speaker 1: as I said, Breton Woods one was in nineteen forty four,
Speaker 1: put the entire world onto a gold standard. In nineteen
Speaker 1: seventy one, then President Richard Nixon removed the dollar from
Speaker 1: the from the gold standards. So we were on a
Speaker 1: commodity based money. Golds a commodity and so we were
Speaker 1: on a commodity based money, and and all of history
Speaker 1: was a commodity, commodity based money. Whether it was a rock,
Speaker 1: a feather, a ceashell, or gold, it was it was
Speaker 1: something real, something tangible, commodity. And it extended that commodity
Speaker 1: based money from Nino the Bretton Woods till one, when
Speaker 1: Richard Nixon severed that tie in nineteen seventy one, the
Speaker 1: entire world left a commodity based system, left a dollar
Speaker 1: based system, and went into something known as a fiat
Speaker 1: based system, meaning that our money had no backing. It
Speaker 1: was no longer backed by gold or any other commodity,
Speaker 1: and it was it was an era in nineteen seventy
Speaker 1: one till now was an era of fake fiat currency,
Speaker 1: fake floating currencies that are pegged to nothing, and treasuries treasuries,
Speaker 1: US treasuries and dollars or what what's considered a risk
Speaker 1: free asset UM. And so that's kind of where we've
Speaker 1: been for the last fifty years. August of last year
Speaker 1: was the fifty year anniversary of of Nixon taking us
Speaker 1: off of that gold standard UM. And and since then, UM, we've,
Speaker 1: like I said, basically been in this free floating period
Speaker 1: as he calls it, quote outside money, UM, and he
Speaker 1: says that now today we've just witnessed the end of
Speaker 1: this current monetary regime. And so the dollars and the
Speaker 1: U S treasuries or what like I said, they consider
Speaker 1: risk free. And so nations around the world hold these
Speaker 1: They're considered risk free because the United States would never
Speaker 1: default on their debt. They would just print more dollars.
Speaker 1: Now they would pay you back the debt. Of course,
Speaker 1: they'd pay you back with de value dollars. So even
Speaker 1: though you get all the if you gave them, say
Speaker 1: a million dollars, you get your million dollars back. But
Speaker 1: unfortunately million dollars only buys you half a million dollars
Speaker 1: worth of goods and services. But that's another topic for
Speaker 1: another day. But they were they were risk free, right,
Speaker 1: so I could I could hold my money, my reserves,
Speaker 1: if I was a nation like China or Germany or
Speaker 1: France or Russia, I could hold my reserves, my savings
Speaker 1: accounts in these risk free assets, treasuries and dollars. And
Speaker 1: I know they're risk free because, as I said, the
Speaker 1: government would never default on that. Well, a lot of
Speaker 1: people didn't really think about until a week ago that
Speaker 1: the government might actually seize it, like freeze your bank
Speaker 1: account and not give it back to you. And so
Speaker 1: that's exactly what he said. He said that Posar marks
Speaker 1: the end of the current monetary regime as the day
Speaker 1: the G seven nations G seven is the seventh largest
Speaker 1: nations in the world, as the day the G seven
Speaker 1: nations seized Russia's foreign exchange reserves. Following the latter's invasion
Speaker 1: of Ukraine. What had previously been thought of as a
Speaker 1: risk free became a risk free no more as non
Speaker 1: existent credit risk was instantly substituted for a very real
Speaker 1: confiscation risk. So a lot of people like I said,
Speaker 1: I thought, well, I'm never gonna lose this money because
Speaker 1: I know the the U s would just print more
Speaker 1: money to give it to me. So it's a risk free.
Speaker 1: But what nobody accounted for is that the government would
Speaker 1: actually just steal it from you. And that's exactly what happened.
Speaker 1: UM very real risk because it just happened. Now we
Speaker 1: just saw we saw them um stealing money, freezing money
Speaker 1: from Canadians and truckers and people that donated to that.
Speaker 1: But then it happened to Russia, and that just pushed
Speaker 1: the US into are not the US the world into
Speaker 1: a brand new monetary system. He says, what occurred surely
Speaker 1: isn't lost on China, and Posar sees the People's Bank
Speaker 1: of China the PBOC, faced with two alternatives to protect
Speaker 1: its interests. What's China gonna do? They have two alternatives.
Speaker 1: One either sell treasury bonds to buy Russian commodities or
Speaker 1: do its own quantitative easing, which is to print their
Speaker 1: own currency to buy Russian commodities. What should they do?
Speaker 1: Should they sell their US treasury bonds dump them into
Speaker 1: the market, which would not be good for the United States.
Speaker 1: Let's just say that it wouldn't actually be that good
Speaker 1: for China either. If they dumped them out of the market,
Speaker 1: they became worthless. They'd also kind of be shooting themselves
Speaker 1: in the foot. Or they can print their own currency
Speaker 1: to buy Russian commodities. But either way, what he's saying
Speaker 1: is that they want to get out of the treasury
Speaker 1: bonds and buy Russian commodities again. Their their oil, their
Speaker 1: natural gas, their their minerals like nickel, steel, etcetera. Um.
Speaker 1: He says, Posar expects both scenarios to mean higher yields
Speaker 1: and higher inflation in the West. Posar concluded his note
Speaker 1: with a comment about bitcoin, saying he expects it u
Speaker 1: to benefit, but only if it quote still exists. Well,
Speaker 1: we know that bitcoin can't be killed. A government may
Speaker 1: may try to ban it and make it where you
Speaker 1: can't use it, but they can't stop it. And so
Speaker 1: since it will still exist, then he expects it to benefit.
Speaker 1: So Bitcoin being a big beneficiary of this UM. And
Speaker 1: the risk is the dollar. The dollar is gonna be dying. Um.
Speaker 1: And when I say it's dying, it means it's going
Speaker 1: to continue to lose purchasing power, which means inflation. Means
Speaker 1: prices are going up. So expect gases to go up,
Speaker 1: expect food to go up, expect your dollar to go down,
Speaker 1: and expect bitcoin to do better. That's what Posar said. Um,
Speaker 1: you're listening to the Markma Show. We're talking about the
Speaker 1: intersection of politics, finance, and technology. We're talking about the
Speaker 1: decentralized revolution. We're looking at it from a geo political scale. Now, Um,
Speaker 1: this is only the tip of the iceberg. I want
Speaker 1: to talk about something so much bigger when I get back, UM,
Speaker 1: a lot more to go. Don't go away. I'll be
Speaker 1: right back. All right, welcome back. You're listening to the
Speaker 1: Mark Moa Show, and we're talking about talking about the
Speaker 1: world changing right before A very yes, of course, we
Speaker 1: talked about each and every week, the decentralized revolution. We're
Speaker 1: talking about the intersection of politics, finance, and technology. We're
Speaker 1: talking about the way this is changing the world. Now, Um,
Speaker 1: if you're not paying attention, you get caught off sides,
Speaker 1: it could be very bad for you. And if you
Speaker 1: are paying attention and you're prepared, it could be very
Speaker 1: good for you. Now it depends on depending on which
Speaker 1: side you end up on. Its entirely up to you.
Speaker 1: Now you're doing the most important step, which is listening
Speaker 1: to me, talking to you, trying to give you the
Speaker 1: the education. I'm trying to give you the insight, the
Speaker 1: perspective that you need to make sense of all this
Speaker 1: because it is a it's a rapidly moving situation. And
Speaker 1: we speak now. I was talking about before the break,
Speaker 1: a previous Fed and Federal Reserve and Treasury insider result
Speaker 1: on Um was talking about how the entire global financial
Speaker 1: system just got reset right before various it happened in
Speaker 1: under the BRETA. Wood Agreement, happened in nineteen one when
Speaker 1: President Richard Nixon severed the entire world from the gold system,
Speaker 1: and for the last fifty years it's been a free
Speaker 1: floating fiat money um system based off of U S treasuries.
Speaker 1: But the United States decided to torpedo, send a torpedo
Speaker 1: right into their hold, their stranglehold on their world's reserve
Speaker 1: system when they decided to steal Russia's money. You know,
Speaker 1: um I talked about this on my YouTube channel, Mark Moss,
Speaker 1: and um I got comments like, oh, Mark, you're like
Speaker 1: our You're a Russian asset. You're promoting Russia, And I mean,
Speaker 1: that couldn't be anything further from the truth. I'm certainly
Speaker 1: not doing that. But when you try to weaponize the
Speaker 1: US dollar, Um, you know, things happen. As I talked
Speaker 1: about all the time. You can choose to ignore reality,
Speaker 1: but you can't ignore the consequences of reality. So when
Speaker 1: you weaponize the dollar and you turn it against sovereign
Speaker 1: nations and you steal their money, when you when you
Speaker 1: turn it against people and steal their money, there's gonna
Speaker 1: be a reaction. I'm not saying I'm for that, but
Speaker 1: what do you expect the truckers in Canada Russia to do.
Speaker 1: I mean they're gonna go shrivel up in a hole
Speaker 1: and die. No, I mean they're gonna continue to figure
Speaker 1: out a way to work outside of the dollar system.
Speaker 1: And so, UM, you know, I'm certainly not a Russian
Speaker 1: asset or or I'm certainly not encouraging Russia to go
Speaker 1: to war. I certainly am not a fan of war,
Speaker 1: nor do I want to see anybody hurt with violence
Speaker 1: or death through war. Um. But it's it's important to
Speaker 1: understand what's going on because, like I said, this has
Speaker 1: massive implications for the way that the world financial system
Speaker 1: changes and something that I've been talking about even bigger
Speaker 1: than that. Um. I made a video on my tube
Speaker 1: channel and was like, um, the first thing that is
Speaker 1: lost in war, and the first thing that's lost in
Speaker 1: war is truth. And when truth is lost, we lose trust.
Speaker 1: And the thing with trust is that once trust is gone,
Speaker 1: like it just doesn't come back. If you've ever had
Speaker 1: a situation where a business partner or a spouse or
Speaker 1: something like that, uh, you might know what I'm talking about.
Speaker 1: And and in the beginning, there's like this doubt, right,
Speaker 1: and maybe maybe you're scared of this finding out the reality.
Speaker 1: But once you find out the bad news and the
Speaker 1: trust is gone, it's gone. And that's exactly what we're
Speaker 1: seeing happen all over the world. Right So, when the
Speaker 1: United States seized Russia's bank accounts, it was supposed to
Speaker 1: be a risk free asset. Um, it showed the world
Speaker 1: they can't trust the United States. Now you could just say, well,
Speaker 1: but that's because Russia was a bad actor, and as
Speaker 1: long as the rest of the world doesn't act in
Speaker 1: bad faith, they don't have to worry about it. Right. Well,
Speaker 1: you could say the same thing about the Canadian truckers
Speaker 1: when the single mother gave fifty bucks to the trucker campaign.
Speaker 1: At the time when she gave that it was perfectly
Speaker 1: legal to do that. One of my friends in the
Speaker 1: bitcoin space um after the government um seized the ten
Speaker 1: million dollars that was given to go fund me and
Speaker 1: per frickly legal way, a perfectly legally protected m assembly
Speaker 1: um with a legally protected go fund me um and
Speaker 1: then they seized it, I might say, illegally. Then people
Speaker 1: start donating to bitcoin and I know somebody who was
Speaker 1: involved in helping set that up. At the time perfectly legal,
Speaker 1: and he's now facing serious implications. A matter of fact,
Speaker 1: he has a three hundred million dollar lawsuits slapped against
Speaker 1: him because of that. And at the time it was
Speaker 1: perfectly legal. And the reason why I say that is
Speaker 1: because if you're saying, in your own mind listening to me, going, yeah,
Speaker 1: but Russia is a bad actor, they deserve to have
Speaker 1: their bank accounts frozen. Well, who's to say who a
Speaker 1: bad actor is? Now you say, oh, but Mark Mark.
Speaker 1: Of course, someone who's uh, someone who's doing child exploitation.
Speaker 1: That's certainly bad. We can all agree on that. Sure,
Speaker 1: we can all agree on that, but there's things that
Speaker 1: we can't all agree on. And so then who makes
Speaker 1: that decision. Where does that line um get defined? And
Speaker 1: who moves that line? So back to the Canadian thing.
Speaker 1: At the time, what they were doing was perfectly legal
Speaker 1: and protected under their constitution. Only later did they pass
Speaker 1: a law to say that it was not legal. And
Speaker 1: now they're saying all those people that did those things
Speaker 1: were now violating some sort of policies or laws or whatever.
Speaker 1: And so while you may say, yeah, Russia is a
Speaker 1: bad actor, and I'm not saying they're not, what I'm
Speaker 1: saying is that at any time you go against the regime,
Speaker 1: you're a bad actor, and that that's that's that's that's
Speaker 1: a dangerous thing. But more importantly, the point I'm making
Speaker 1: here is that trust is also lost. Now. Trust is
Speaker 1: a key ingredient in a stable and peaceful economic system.
Speaker 1: We need trust without trust in this world where we're
Speaker 1: in anarchy. Right, I need to trust the other driver
Speaker 1: on the road doesn't run his car into me. I
Speaker 1: need to trust the person making my food didn't put
Speaker 1: poison in it. I need to trust my bank account
Speaker 1: doesn't put a bunch of fainth charges like Wells Fargo
Speaker 1: paid the largest fine in history. I need to try
Speaker 1: us that the funder Reserve doesn't print a bunch of
Speaker 1: money and devalue my currency. But of course we can't
Speaker 1: trust those institutions. But it's the most important ingredient. How
Speaker 1: can we work together if we can't trust each other.
Speaker 1: When the United States decized to freeze and sees money
Speaker 1: held in their reserve accounts by countries they don't like,
Speaker 1: it shows that other can't. Other countries can't trust the
Speaker 1: United States to custody their own money. Right. Even worse,
Speaker 1: it allows doubt to creep into their minds. Right, other
Speaker 1: countries are watching going will shoot. I mean if they
Speaker 1: can do it to them, certainly they can do it
Speaker 1: to us. And once you start going down that route,
Speaker 1: once that trust is lost, it doesn't come back. Super
Speaker 1: super important. Um, which is why the entire worlds pivoting
Speaker 1: to this commodity based system because we can trust commodities.
Speaker 1: If I have the oil, if I have the gold,
Speaker 1: then I have it right. So it's important thing to understand. Now,
Speaker 1: there was an article that came out on Al Jazeera
Speaker 1: which you might say, Mark, why are you reading al Jazeera? Well,
Speaker 1: sometimes you have to read international news to try to
Speaker 1: get a better understanding what's going on. Um. You know,
Speaker 1: you might have heard that there's three sides in any story.
Speaker 1: There's your side, my side, and there's something in the middle,
Speaker 1: and so you need to get out of the US
Speaker 1: mainstream news sometimes. And al Jazeira says Russian sanctions could
Speaker 1: drive more people to crypto an analysts says, so this analyst.
Speaker 1: According to a Pew Research Center, of Americans have dabbled
Speaker 1: in trading, using, and investing in cryptocurrencies, but that figure
Speaker 1: is likely to rise considerably, um Ran new Ner because
Speaker 1: the host of CNBC's Crypto Trader. He told Al Jazero,
Speaker 1: I think we may refer to two as the year
Speaker 1: of the big catalyst for crypto because what governments did
Speaker 1: is actually to force adoption, he said. He wanted to
Speaker 1: say they put people in a position where they had
Speaker 1: no choice but to flee to the other system. That's
Speaker 1: what I was saying before, Like with Canada, Russia, what
Speaker 1: are they gonna do, just go go into a hole
Speaker 1: and die. Not they still need to live, and so
Speaker 1: they're just forced to go into another system, he says,
Speaker 1: what governments did. The U S and its allies have
Speaker 1: imposed sanctions on Russia. Obviously we know that um the
Speaker 1: world's largest credit card networks Visa and master Card, and
Speaker 1: internet paid payments like PayPal, announced over the weekend they
Speaker 1: are suspending services in Russia. That means that credit and
Speaker 1: debit cards issued by Russian banks will no longer work
Speaker 1: outside of Russia. So Nooner said that quote Russians that
Speaker 1: are living in the US but have bank accounts in
Speaker 1: Russia have had their credit cards cut off. Essentially, people
Speaker 1: are forced onto the alternative financial system, and that of course,
Speaker 1: like I said, it's cryptocurrencies. That's the big beneficiary. Everyone's
Speaker 1: moving over to that. The majority of the digital coins
Speaker 1: trading is done on a peer to peer basis. There's
Speaker 1: no middleman, unlike with banks, UM, where banks can just
Speaker 1: decide to shut off your payments. And that's exactly what's happening.
Speaker 1: So we're gonna talk about this boost in sanctions, what's
Speaker 1: gonna happen. And then I want to talk about a
Speaker 1: bitcoin prediction by somebody you might care to hear about
Speaker 1: where we think the price of bitcoin could go because
Speaker 1: of this. I got a lot more to cover. H
Speaker 1: you're listening to the markmas Show. We're talking about the
Speaker 1: decentralized revolution, the intersection of politics, finance and technology. Of
Speaker 1: course we're talking about bitcoin specifically talking about how it's
Speaker 1: going to continue to grow because of the sanctions UM,
Speaker 1: and like I said, I want to tell you some
Speaker 1: of the predictions of where it can go. I got
Speaker 1: a lot more to cover, So don't go away. I'm
Speaker 1: gonna be right back. All right, Welcome back here, listening
Speaker 1: to the markma Show, and we're talking about the decentralized revolution.
Speaker 1: We're talking about the way that politics and technology and
Speaker 1: finance are all coming together right now, smashing together in
Speaker 1: a collision course to change the world as we know it.
Speaker 1: Of course, I've been talking about this a lot. I've
Speaker 1: made Uh, I've done I've done several talks talking about
Speaker 1: the three revolutionary cycles that are converging right now. A
Speaker 1: political cycle, a financial cycle, technological revolution cycle. UM. If
Speaker 1: you want to know about that, you can just go
Speaker 1: onto YouTube and search Mark moss Um three three revolutionary cycles. UM.
Speaker 1: You could search the Battle for the Fate of Humanity,
Speaker 1: listen to some podcasts that I've been on talking about that.
Speaker 1: But it's really those three things that are coming together
Speaker 1: that are changing the world as we know it. Um.
Speaker 1: And it's happening really fast. I mean, it's happening faster
Speaker 1: than we can think. And so before the break, I
Speaker 1: was talking about, um this article on Al Jazeera that
Speaker 1: says that Russian sanctions could drive more people to cryptocurrencies.
Speaker 1: And uh, they were talking from Ran Nowoner, he's a
Speaker 1: host of CNBCS Crypto show, and uh he said that, um, quote,
Speaker 1: Russians that are living in the US but have bank
Speaker 1: accounts in Russia had their credit cards cut off. UM.
Speaker 1: And because of this it's going to force these people
Speaker 1: into a alternative financial system, is what he said. Uh,
Speaker 1: and that's exactly what happening. Um. There's an analogy here,
Speaker 1: and it's the difference of a centralized database versus a
Speaker 1: decentralized database, or a decentralized platform versus a centralized platform. Um.
Speaker 1: And so like a centralized exchange like coin Base or
Speaker 1: Binance or cracking or Gemini. Um, it's a central database
Speaker 1: owned by a centralized entity, and they are regulated by
Speaker 1: central governments. As a matter of fact, they were ordered
Speaker 1: by the government in the United States to ban all
Speaker 1: Russian users, um, not just sanctioned individuals from their platforms,
Speaker 1: but everybody in Russia. And so coin Base announced earlier
Speaker 1: this week that I had blocked twenty five thousand Russian
Speaker 1: linked cryptocurrency addresses the platforms that the addresses were linked
Speaker 1: to Russian individuals or entities they believed to have engaged
Speaker 1: in illicit activity. Well, um, so first of all, that's
Speaker 1: not bitcoin. Bitcoin is a decentralized network. Bitcoin cannot censor anybody.
Speaker 1: Bitcoin sees everybody on the network exactly this same. So
Speaker 1: it's not a bitcoin or it's not cryptocurrency. What it
Speaker 1: is is it's the platform it self. Coin Base. Coin
Speaker 1: Base was able to do that UM, so it's a
Speaker 1: big difference of that. The analogy would be like Gmail
Speaker 1: versus Email. So Google could block certain addresses at the
Speaker 1: application level, but Email uses a protocol called s m
Speaker 1: t P and so that that's an open source protocol.
Speaker 1: That's how the email gets routed around, and so UM
Speaker 1: anybody could use the s m t P protocol to
Speaker 1: send email, but some of us prefer just to use
Speaker 1: Gmail because it's easier. So while Gmail, a centralized UM application,
Speaker 1: could block certain email addresses, the s m T SMTP
Speaker 1: email protocol still works. You can't do that, So it's
Speaker 1: kind of one way to look at that. UM. But
Speaker 1: just know that these centralized entities can and will freeze
Speaker 1: your assets at any time if a country asked you
Speaker 1: to do that, and same with your n f T s.
Speaker 1: We saw last week the world's largest n f T marketplace,
Speaker 1: open See, reportedly removed Iranian users from its platform. And again,
Speaker 1: if you move them off, what are they gonna do.
Speaker 1: They're not going to just go away and die. They're
Speaker 1: going to just find another way to do it. But
Speaker 1: like I said, the point of this article was saying
Speaker 1: that sunctions, the sanctions um are probably gonna be this
Speaker 1: massive catalyst of pushing people over in the bitcoin it says,
Speaker 1: sanctions only work if people are using your currency. Duh, right,
Speaker 1: sanctions only work if people are using your currency. If
Speaker 1: they're not, then what good are those sanctions gonna do?
Speaker 1: It says if Russia and China decide that they're going
Speaker 1: to use Beijing's digital central bank digital currency, or Moscow
Speaker 1: decides to create its own, or they decided to trade
Speaker 1: in gold, then sanctions aren't gonna matter. The sanctions only
Speaker 1: work on the US dollar reserve system or on the
Speaker 1: Swiss system, But if they work outside of that system,
Speaker 1: they do absolutely nothing. And so a lot of people listening,
Speaker 1: you know, and I've gotten comments UM that said, but
Speaker 1: don't you think they should sanction Russia? Well maybe it's
Speaker 1: a complicated issue. UM. As I've said before, nothing, UM,
Speaker 1: nothing is without risk. Everything has trade offs, and UM,
Speaker 1: the ability to sanction the nation is brand new. I
Speaker 1: mean it's it's it's only been you know, the last
Speaker 1: fifty sixty years. This is even possible for all of humanity.
Speaker 1: It wasn't, UM, and you might be able to make
Speaker 1: an argument that it's actually done way more harm than
Speaker 1: it's done good. Now, I might be I might be
Speaker 1: on my own hair, but I tend to think that
Speaker 1: we get along better when we cooperate instead of trying
Speaker 1: to force or impose our will on people. I think
Speaker 1: that through the carrot we can do more than we
Speaker 1: can with the stick. Um And at the end of
Speaker 1: the day, like I said, everything has an unintended consequences. So, um,
Speaker 1: you know, we were able to control the system. Now
Speaker 1: we're having a system where we've kicked everybody out of
Speaker 1: the party and we're the only ones left. And so well,
Speaker 1: we'll see what happens. It's gonna be interesting. Like I said,
Speaker 1: there's a days where decades seem to happen, and that's
Speaker 1: exactly what we're witnessing now. On top of that story, um,
Speaker 1: as this sanctions on Russia probably are going to lead
Speaker 1: to more people using cryptocurrency. What's next for bitcoin's prices? Well,
Speaker 1: a lot of people want to know, now I am
Speaker 1: I for one, am not big on predictions. I think
Speaker 1: it's much easier to understand the future, like the far
Speaker 1: out future than the near future. So if you want
Speaker 1: to know what's if you want to ask me where
Speaker 1: do I think bitcoin will be at the end of
Speaker 1: the month, or by the summer, or even by the
Speaker 1: end of the year. It's a lot harder to answer that.
Speaker 1: If you ask me where I think bitcoin could be
Speaker 1: in the next five years. I feel a little bit
Speaker 1: more confident about that. Um. So, you know, judging the future,
Speaker 1: specifically timing. So it's like, I think I can give
Speaker 1: you a price target, and actually there's an old scene.
Speaker 1: I should have looked it up. Um, I can give
Speaker 1: you the price target or I can give you the time,
Speaker 1: but I can't give you both together. Says something like that.
Speaker 1: So I could tell you where I think the price
Speaker 1: of bitcoin gets to, but I can't tell you when
Speaker 1: it will get there. That's basically what that statement means.
Speaker 1: But some people try. Um. Some people are wrong, most
Speaker 1: most are wrong. UM. But UM, there was an article
Speaker 1: that came out UM of somebody trying, and it was
Speaker 1: let's see here. It was someone who used to work
Speaker 1: under the um Trump administration for a little while. His
Speaker 1: name is Scarmucci, Anthony Scarmucci, and uh, I think he
Speaker 1: ran the calms communications for the White House at the time.
Speaker 1: And uh he also runs some big hedge fund or
Speaker 1: Wall Street fund as well. And he says that he
Speaker 1: thinks that we'll get to one hundred thousand dollar bitcoin
Speaker 1: and then in the next I think a year and
Speaker 1: a half and that will get to five hundred thousand
Speaker 1: dollar bitcoin in the next three years. Um, you know,
Speaker 1: the hundred thousand dollar one in the next year, like
Speaker 1: I said, is a is a much harder one to understand.
Speaker 1: I feel much better about the five hundred thousand dollar
Speaker 1: target over the next couple of years, which I think
Speaker 1: is is doable, and I think that's something that we'll see.
Speaker 1: But of course I can give you the price target,
Speaker 1: I can give you the time, but I can't give
Speaker 1: both of you those together. But that's what Anthony Scarmucci says.
Speaker 1: And you know, he his he's got a voice, people
Speaker 1: people respect his opinion. I'm not saying I agree with it,
Speaker 1: but that's where he's saying. So, um, if bigoin gets
Speaker 1: two hundred thousand, that's more than increase from here, which
Speaker 1: is a pretty good dang return. I think bigcoin can
Speaker 1: get to five hundred thousand over the next couple of years.
Speaker 1: It's a about a twelve x from here, which is
Speaker 1: insane and amazing. Um. The best way to take advantage
Speaker 1: of that is to just start buying, just buying a
Speaker 1: weekly basis, just buy a little bit each week. Um.
Speaker 1: You know, some people want to try to time the market.
Speaker 1: Should I buy right now or should I wait? Should
Speaker 1: I wait for the price to dip. The problem is
Speaker 1: you don't know when the top of the market or
Speaker 1: the bottom of the market is until you're looking backwards
Speaker 1: on it. And so that's probably why one of the
Speaker 1: best ways to get into bitcoin is just to start
Speaker 1: buying on a weekly basis, just dollar cost averaging. In
Speaker 1: you're listening to the Market Moss Show talking about bitcoin,
Speaker 1: the decentralized revolution, and the way the world is changing,
Speaker 1: and it's changing fast. Thanks for listening.