WEBVTT - The Mark Moss Show Mar 16, 2022 0:00:00.040 --> 0:00:02.840 Hey, everyone, welcome back to another episode of The Markmas 0:00:02.920 --> 0:00:05.960 Show where we talk about the intersection of politics, finance, 0:00:06.000 --> 0:00:09.720 and technology. We're talking about the decentralized revolution that is 0:00:09.800 --> 0:00:12.639 changing the world right before our very eyes. If if 0:00:12.640 --> 0:00:15.360 you know what you're paying attention to, you should know 0:00:15.400 --> 0:00:17.360 what you're paying attention to, because it is going to 0:00:17.400 --> 0:00:20.639 be the biggest catalyst, uh, that you'll see in your life. 0:00:20.680 --> 0:00:22.960 I mean, it is literally changing the world as we 0:00:23.000 --> 0:00:25.320 know it. And you can either bury your head in 0:00:25.360 --> 0:00:28.200 the sand and not pay attention, and or you can 0:00:28.240 --> 0:00:29.840 you can pay attention. You can take advantage of it. 0:00:30.000 --> 0:00:31.760 I like to say that the ostrich can bury its 0:00:31.800 --> 0:00:33.559 head in the sand, but it can't stop it from 0:00:33.640 --> 0:00:36.320 being eaten. And so um, as iron Rand would say, 0:00:36.320 --> 0:00:39.240 you can choose to ignore reality, but you cannot ignore 0:00:39.479 --> 0:00:42.920 the consequences of reality. So you might as well pay attention. Uh, 0:00:42.920 --> 0:00:46.640 it's pretty interesting and so I guess that's obviously, which 0:00:46.640 --> 0:00:48.240 is why you're listening to me right now. So thanks 0:00:48.240 --> 0:00:51.680 for tuning in. I got a lot to cover um 0:00:51.720 --> 0:00:55.240 in the next hour, because there's so much that is 0:00:55.280 --> 0:00:57.720 happening in the world right now, and so we'll just 0:00:57.720 --> 0:00:59.560 go ahead and jump right into it. UM. One of 0:00:59.560 --> 0:01:02.000 the biggest pieces of news this week was this UM 0:01:02.160 --> 0:01:05.680 executive order, this executive action that was wit we have 0:01:05.800 --> 0:01:07.759 been waiting on for the from from the White House 0:01:08.480 --> 0:01:11.440 UM and really, UM, they finally put it out and 0:01:11.480 --> 0:01:13.440 it was kind of not a big deal. I dug 0:01:13.480 --> 0:01:16.160 in super deep into a previous segment. If you want 0:01:16.160 --> 0:01:18.280 to know more about that, you can and you missed it, 0:01:18.440 --> 0:01:22.160 then you can check out the the podcast coming out 0:01:22.240 --> 0:01:26.479 this week. But basically, Joe Biden signed this UH first 0:01:26.520 --> 0:01:29.880 of its kind they say, executive order on cryptocurrencies and 0:01:29.920 --> 0:01:34.120 basically just said they directed federal agencies to coordinate their 0:01:34.120 --> 0:01:37.360 approach on the sector and there was UM it didn't 0:01:37.440 --> 0:01:40.360 lay on anything specific to do, but rather things they 0:01:40.360 --> 0:01:42.800 wanted to go look at, and it just directed all 0:01:42.880 --> 0:01:46.280 these different federal agencies to start coordinating their efforts to 0:01:46.319 --> 0:01:49.840 start doing this UM. And really there were six areas 0:01:50.600 --> 0:01:52.760 that they really wanted to focus on. There was, like 0:01:52.800 --> 0:01:56.560 I said, there wasn't any new regulations, more just coordinate 0:01:56.600 --> 0:02:01.320 everybody to move forward. UM. And they said six key 0:02:01.360 --> 0:02:06.360 priorities for the administration were one protecting US interests to 0:02:06.640 --> 0:02:13.160 protecting global financial stability, three preventing illicit uses, for promoting 0:02:13.280 --> 0:02:19.000 what they call responsible innovation, uh, five financial inclusion, and 0:02:19.160 --> 0:02:22.920 six US leadership UM. And so that's that's the areas 0:02:22.960 --> 0:02:25.560 they want to focus on. I think most of that 0:02:26.040 --> 0:02:29.480 is just a bunch of words salad doesn't really mean anything. 0:02:30.200 --> 0:02:32.160 I'm guessing we're gonna see a lot more coming out 0:02:32.160 --> 0:02:34.880 of that. But you know, the markets responded pretty well, 0:02:34.919 --> 0:02:37.919 and actually bitcoin kind of bounced up on the news 0:02:37.919 --> 0:02:40.680 and it's kind of sold off a little bit. But um, 0:02:40.760 --> 0:02:43.920 the market basically agrees with me that it wasn't a 0:02:44.160 --> 0:02:47.480 really really big deal. And I think at this time, 0:02:47.520 --> 0:02:49.120 at this point in time in the world right now, 0:02:49.240 --> 0:02:53.520 we have way bigger things to focus on, and maybe 0:02:53.520 --> 0:02:56.600 that's part of the reason why, um, this this executive 0:02:56.680 --> 0:02:59.080 order just kind of fell on deaf ears, if you will, 0:02:59.800 --> 0:03:02.440 uh um. And so what are some of these much 0:03:02.560 --> 0:03:05.480 bigger things that we're talking about. Well, at the same 0:03:05.520 --> 0:03:08.160 time as this is coming out, we saw the same 0:03:08.200 --> 0:03:11.720 week we saw the United States government, the b l S, 0:03:11.840 --> 0:03:16.040 the Bureau of Labor Statistics put out the new inflation numbers, 0:03:16.160 --> 0:03:19.400 the c p I, that's the Consumer Price Index. UM. 0:03:19.440 --> 0:03:22.200 I like to call it the cp LIE because it's 0:03:22.240 --> 0:03:25.040 all a lie. Um. And basically they put out the CPI, 0:03:25.120 --> 0:03:28.440 the Consumer Price Index, and it says that inflation reached 0:03:29.160 --> 0:03:34.520 seven point nine which is the highest prices in forty 0:03:34.600 --> 0:03:39.560 years or so. They say, well, or so they say, 0:03:39.760 --> 0:03:43.000 let's talk about that for a second. So they said 0:03:43.040 --> 0:03:48.040 that rising energy. Uh duh. Unless you've been living under rock, 0:03:48.080 --> 0:03:49.800 you know, energy prices are going through the roof. Now 0:03:49.840 --> 0:03:51.800 if you think they're high in the United States, where 0:03:52.120 --> 0:03:55.480 in Los Angeles gas prices are up over seven dollars 0:03:55.520 --> 0:03:59.800 a gallon, um, that's nothing you should see. Over in 0:04:00.000 --> 0:04:02.800 Europe they have U if you convert into dollars, they 0:04:02.800 --> 0:04:06.680 have gas that's over ten dollars a gallon already. Um. 0:04:06.720 --> 0:04:09.280 But they have like natural gas is up over a 0:04:09.520 --> 0:04:14.120 thousand percent, up over a thousand percents. Anyway, rising energy, 0:04:14.280 --> 0:04:20.240 of course, rising food and services pushed prices past the 0:04:20.360 --> 0:04:23.320 highest level we've seen in four decades, seven point nine 0:04:23.400 --> 0:04:28.680 percent annual rate. Now. It's interesting about this, though, is 0:04:28.720 --> 0:04:33.160 that it says, uh that this CPI number hasn't been 0:04:33.240 --> 0:04:36.120 this high since it was eight point four percent in 0:04:36.279 --> 0:04:41.240 January of ninety two. And in January two, a couple 0:04:41.240 --> 0:04:44.000 of things that are interesting about that. So one, that's 0:04:44.000 --> 0:04:47.320 when when the nation was in a massive recession and 0:04:47.360 --> 0:04:50.680 it was trying to tame what had been double digit inflation. 0:04:51.160 --> 0:04:54.880 So um, they had raised interest rates super high to 0:04:54.920 --> 0:04:58.360 bring inflation down, and so we were in this strange 0:04:58.760 --> 0:05:02.919 period when that was happening. Um. But what's more important 0:05:02.920 --> 0:05:07.040 about this is they use this cp I consumer price 0:05:07.080 --> 0:05:11.839 index to measure this inflation. And so basically the quick 0:05:11.960 --> 0:05:13.920 version story of this. If you went to the grocery 0:05:13.920 --> 0:05:16.240 store and you bought a basket of goods. So you 0:05:16.279 --> 0:05:18.120 put your gallon of milk, and you put your thing 0:05:18.120 --> 0:05:20.520 of cheese, and you put your steak, and you put 0:05:20.560 --> 0:05:23.120 your whatever, right, all the things that you would typically buy. 0:05:23.200 --> 0:05:25.960 That's a basket of goods. And then what you do 0:05:26.040 --> 0:05:29.680 is you track that same basket throughout a period of time, 0:05:30.279 --> 0:05:32.480 and then you see what the changes in the prices 0:05:32.520 --> 0:05:35.719 are to that basket of goods. Of course, there's things more, 0:05:35.839 --> 0:05:40.400 there's more things in there than meat and cheese and steak. Um. 0:05:40.440 --> 0:05:42.359 But um, that's basically the way it works now. But 0:05:42.440 --> 0:05:46.200 the problem is that, well, the problem for us was 0:05:46.320 --> 0:05:47.839 get trying to get good data and not the problem 0:05:47.839 --> 0:05:50.680 for the government is that they have changed the way 0:05:50.720 --> 0:05:54.560 they calculate that basket of goods. So there was a 0:05:54.600 --> 0:05:58.400 massive overhaul to that in the eighties. Then there was 0:05:58.440 --> 0:06:02.479 another massive over hall to the CPI basket in the nineties. 0:06:03.600 --> 0:06:05.760 And so when we say that it hasn't been this 0:06:05.839 --> 0:06:08.719 high since two and it was eight point four percent, 0:06:09.400 --> 0:06:14.159 it's actually wrong. You could say it's misleading. I say 0:06:14.200 --> 0:06:17.599 it's a lie because we've changed that basket. So there's 0:06:17.640 --> 0:06:19.919 several ways that that's done. So for example, there's like 0:06:19.920 --> 0:06:25.040 a substitution. So because steak got so expensive, let's substitute 0:06:25.040 --> 0:06:29.080 the steak out and let's put hamburger meat there. Okay, well, 0:06:29.120 --> 0:06:31.559 hamburger meats gotten too expensive, so let's put like soy 0:06:31.640 --> 0:06:35.679 protein there instead. So um, they say that the price 0:06:35.760 --> 0:06:39.240 hasn't really gone up much, but I'm eating p sludge 0:06:39.480 --> 0:06:44.719 instead of steak like I used to. So they've substituted out, 0:06:44.880 --> 0:06:49.480 so it's not tracking actual. That's one example. Another example 0:06:49.520 --> 0:06:51.720 would be like with homes. Home prices have gone up 0:06:51.760 --> 0:06:55.599 like crazy, obviously, um, but the rents haven't gone up 0:06:55.680 --> 0:06:57.719 quite as high as the homes have. And so what 0:06:57.760 --> 0:07:00.760 they do is they use what's known as a homeowners 0:07:00.800 --> 0:07:03.240 are rent equivalence, So it's not how much the price 0:07:03.240 --> 0:07:04.960 of the home one up, it's how much the renter 0:07:05.240 --> 0:07:08.560 thinks they could rent the house for. And they do 0:07:08.640 --> 0:07:12.400 that through a poll. They just ask people. No, I 0:07:12.400 --> 0:07:14.280 don't know who they asked. They didn't ask me, but 0:07:14.320 --> 0:07:16.520 supposed they ask homeowners and it's up to them to 0:07:16.600 --> 0:07:19.560 tell them, which is kind of strange because they could 0:07:19.560 --> 0:07:24.080 just use national statistics and they could actually get real data, 0:07:24.120 --> 0:07:26.120 but of course they don't want to do that. UM. 0:07:26.160 --> 0:07:28.920 So for example, they say, UM, rent went up by 0:07:29.000 --> 0:07:31.240 like I think, three and a half percent, but we 0:07:31.320 --> 0:07:34.200 know that in Gilbert, Arizona went up a hundred and 0:07:34.280 --> 0:07:37.000 eight percent. We know that in a few states, a 0:07:37.040 --> 0:07:40.440 couple of states saw over fifty percent increase in rents. 0:07:40.720 --> 0:07:42.000 So where do they get up with a single digit 0:07:42.040 --> 0:07:45.840 inflation for rents? That's why I call it cp lie UM. 0:07:45.880 --> 0:07:47.760 And if we look at if we go back to 0:07:47.800 --> 0:07:49.760 the way they calculate if we took the same basket 0:07:49.800 --> 0:07:52.480 of goods they checked it in ninet and looked at today. UM. 0:07:52.480 --> 0:07:54.120 There's a company, there's a website you can go to 0:07:54.200 --> 0:07:56.640 called Shadows Stats, and they tell us what this is. 0:07:57.080 --> 0:08:03.240 UM we're really over I think sixteen percent inflation. UM. 0:08:03.320 --> 0:08:04.880 So if we go back they say it hasn't been 0:08:04.880 --> 0:08:07.080 the high since two. Well, if we use in nineteen 0:08:07.240 --> 0:08:12.760 two statistics, we're actually up over and so UM. As 0:08:12.880 --> 0:08:17.600 inflation continues to reach higher, people are looking for inflation hedges, 0:08:18.160 --> 0:08:22.280 and of course bitcoin is one of those amazing inflation hedges. 0:08:22.280 --> 0:08:24.160 And the reason why it's because there can never be 0:08:24.240 --> 0:08:27.040 more than twenty one million people want too good out 0:08:27.080 --> 0:08:30.080 of the money that continue increases inflates and go to 0:08:30.200 --> 0:08:33.160 something that doesn't Like gold has been that hedge for 0:08:33.240 --> 0:08:36.199 five thousand years, which by the way, is breaking out 0:08:36.240 --> 0:08:38.840 to new all time highs as well as well as 0:08:38.880 --> 0:08:42.280 something like bitcoin that has a fixed supply cap. UM. 0:08:42.320 --> 0:08:43.720 I have a lot more news I want to cover. 0:08:43.760 --> 0:08:46.560 I have a big, big, big article that really the 0:08:46.600 --> 0:08:48.920 death of the financial system as we know it has 0:08:49.000 --> 0:08:51.640 here and we're moving into a new system. Over the 0:08:51.679 --> 0:08:54.640 last week that's happened, UM. I want to talk about 0:08:55.559 --> 0:08:58.760 trust being lost and some bitcoin price predictions. When I 0:08:58.800 --> 0:09:00.200 come back a lot to cover. You listen to the 0:09:00.200 --> 0:09:05.720 Markma Show talking about the decentralized revolution, bitcoin, politics, finance, etcetera. 0:09:06.080 --> 0:09:08.439 And I'll be right back with more. Don't go away, 0:09:08.640 --> 0:09:10.680 all right, welcome back. You're listening to the Markma Show. 0:09:10.720 --> 0:09:14.600 We're talking about the decentralized revolution. We're talking about the 0:09:14.600 --> 0:09:17.599 world changing right before our very eyes through the intersections 0:09:17.640 --> 0:09:22.160 of politics, finance, and technology. Those are the key drivers 0:09:22.160 --> 0:09:23.880 that are changing the world. If you're not paying attention 0:09:23.880 --> 0:09:26.040 to that, then you don't know what the heck is 0:09:26.080 --> 0:09:29.360 going on out there. Um. But of course you are 0:09:29.400 --> 0:09:31.520 paying attention, which is why you're listening to me right now. 0:09:32.080 --> 0:09:36.200 So good job. Now, something that I've talked about a 0:09:36.240 --> 0:09:39.760 lot um over the last year or so, um, and 0:09:39.800 --> 0:09:43.400 actually I guess it was towards the end of twenty 0:09:43.520 --> 0:09:45.439 the i m F. The i m F is sort 0:09:45.480 --> 0:09:48.120 of like the Central Bank about the central banks. Um, 0:09:48.160 --> 0:09:52.400 they called for a Breton Woods to moment um. And 0:09:52.400 --> 0:09:54.120 so to understand what Bretton Woods too is, you have 0:09:54.120 --> 0:09:56.680 to understand what Bretton Woods one was, which happened in 0:09:58.160 --> 0:10:02.640 and the entire world got together and reset the global 0:10:02.760 --> 0:10:04.839 financial system and they agreed to it. So the whole 0:10:04.840 --> 0:10:06.440 world kind of got together and agreed to this, and 0:10:06.440 --> 0:10:09.160 they went onto a new global monetary standard, which was 0:10:09.640 --> 0:10:12.680 the dollar thirty five dollars was redeemable for one ounce 0:10:12.720 --> 0:10:14.520 of gold, and then all the currencies of the world 0:10:14.559 --> 0:10:18.520 were pegged to the US dollar. And then Um, I've 0:10:18.559 --> 0:10:20.199 been talking about the I m F calling for Bretton 0:10:20.200 --> 0:10:24.920 Woods to um. But maybe we're actually going into Breton 0:10:24.920 --> 0:10:28.880 Woods three. What does that mean? I hadn't actually thought 0:10:28.880 --> 0:10:34.400 of this until just recently. Uh, and I just recently 0:10:34.440 --> 0:10:36.480 made a video on my YouTube channel for it as well, 0:10:36.520 --> 0:10:37.959 if you haven't, if you want to go dig in 0:10:38.000 --> 0:10:41.240 deeper on that. But basically it was kind of the 0:10:41.280 --> 0:10:44.920 idea came from the credit suite manager. Um. His name 0:10:45.000 --> 0:10:48.199 is Zultan pasar Um, somebody I've been paying attention to 0:10:48.200 --> 0:10:51.400 do a lot um. He writes, uh, pretty in depth 0:10:51.440 --> 0:10:54.640 and technical articles. So I'll make I'll take it and 0:10:54.640 --> 0:10:57.320 make it easy for you to understand. But he says 0:10:57.360 --> 0:11:02.200 that money quote, money will never be the same again 0:11:02.720 --> 0:11:07.000 after the Ukraine War. And he also says that bitcoin 0:11:07.400 --> 0:11:10.760 maybe the beneficiary of this. He says that we're witnessing 0:11:10.840 --> 0:11:16.080 the birth of a new world monetary order. Those are 0:11:16.080 --> 0:11:19.240 big words, those are real big words. Now, he's a 0:11:19.280 --> 0:11:22.640 former Federal Reserve and US Treasury Department official. Okay, so 0:11:22.679 --> 0:11:24.880 he's worked on the inside, the inside of the belly 0:11:24.880 --> 0:11:26.080 of the beast, if you will, And now he works 0:11:26.080 --> 0:11:29.040 at Credit Suetes as a short term rate strategist. Again 0:11:29.080 --> 0:11:33.679 his name result on pasar Um. And basically what he's 0:11:33.720 --> 0:11:36.600 saying is that the US is in this commodity crisis 0:11:36.600 --> 0:11:38.520 that we're in right now. Commodities being you know, real 0:11:38.600 --> 0:11:42.680 things being energy, oil, gas, um, food, things like that, 0:11:43.240 --> 0:11:46.280 and it's giving rise to a new world monetary order 0:11:46.320 --> 0:11:50.040 that's going to ultimately weaken the current dollar based system 0:11:50.160 --> 0:11:52.960 and lead to higher inflation in the West. Of the 0:11:52.960 --> 0:11:56.000 West would be you know, North America, Western Europe, etcetera. Now, 0:11:57.440 --> 0:12:00.360 he says, quote, the crisis is not like anything we've 0:12:00.440 --> 0:12:03.319 seen since President Richard Nixon took the U. S. Dollar 0:12:03.440 --> 0:12:06.440 off the gold in nineteen seventy one. So Breton Woods, 0:12:06.480 --> 0:12:08.719 as I said, Breton Woods one was in nineteen forty four, 0:12:08.760 --> 0:12:11.760 put the entire world onto a gold standard. In nineteen 0:12:11.800 --> 0:12:15.640 seventy one, then President Richard Nixon removed the dollar from 0:12:15.640 --> 0:12:17.559 the from the gold standards. So we were on a 0:12:17.559 --> 0:12:20.760 commodity based money. Golds a commodity and so we were 0:12:20.800 --> 0:12:22.680 on a commodity based money, and and all of history 0:12:22.720 --> 0:12:25.120 was a commodity, commodity based money. Whether it was a rock, 0:12:25.240 --> 0:12:28.440 a feather, a ceashell, or gold, it was it was 0:12:28.480 --> 0:12:33.079 something real, something tangible, commodity. And it extended that commodity 0:12:33.080 --> 0:12:36.559 based money from Nino the Bretton Woods till one, when 0:12:36.640 --> 0:12:41.040 Richard Nixon severed that tie in nineteen seventy one, the 0:12:41.240 --> 0:12:44.800 entire world left a commodity based system, left a dollar 0:12:44.880 --> 0:12:48.720 based system, and went into something known as a fiat 0:12:48.720 --> 0:12:51.920 based system, meaning that our money had no backing. It 0:12:52.000 --> 0:12:54.840 was no longer backed by gold or any other commodity, 0:12:55.440 --> 0:12:57.640 and it was it was an era in nineteen seventy 0:12:57.679 --> 0:13:02.280 one till now was an era of fake fiat currency, 0:13:02.360 --> 0:13:06.839 fake floating currencies that are pegged to nothing, and treasuries treasuries, 0:13:06.960 --> 0:13:09.960 US treasuries and dollars or what what's considered a risk 0:13:10.160 --> 0:13:14.160 free asset UM. And so that's kind of where we've 0:13:14.200 --> 0:13:17.000 been for the last fifty years. August of last year 0:13:17.120 --> 0:13:20.960 was the fifty year anniversary of of Nixon taking us 0:13:21.040 --> 0:13:26.520 off of that gold standard UM. And and since then, UM, we've, 0:13:26.600 --> 0:13:29.360 like I said, basically been in this free floating period 0:13:29.600 --> 0:13:34.040 as he calls it, quote outside money, UM, and he 0:13:34.080 --> 0:13:38.280 says that now today we've just witnessed the end of 0:13:38.320 --> 0:13:42.120 this current monetary regime. And so the dollars and the 0:13:42.240 --> 0:13:44.280 U S treasuries or what like I said, they consider 0:13:44.480 --> 0:13:47.880 risk free. And so nations around the world hold these 0:13:48.320 --> 0:13:50.679 They're considered risk free because the United States would never 0:13:50.720 --> 0:13:53.120 default on their debt. They would just print more dollars. 0:13:53.360 --> 0:13:55.199 Now they would pay you back the debt. Of course, 0:13:55.200 --> 0:13:58.240 they'd pay you back with de value dollars. So even 0:13:58.240 --> 0:14:00.199 though you get all the if you gave them, say 0:14:00.200 --> 0:14:02.000 a million dollars, you get your million dollars back. But 0:14:02.080 --> 0:14:05.360 unfortunately million dollars only buys you half a million dollars 0:14:05.360 --> 0:14:07.559 worth of goods and services. But that's another topic for 0:14:07.600 --> 0:14:11.040 another day. But they were they were risk free, right, 0:14:11.440 --> 0:14:14.160 so I could I could hold my money, my reserves, 0:14:14.280 --> 0:14:17.040 if I was a nation like China or Germany or 0:14:17.080 --> 0:14:20.920 France or Russia, I could hold my reserves, my savings 0:14:20.960 --> 0:14:25.000 accounts in these risk free assets, treasuries and dollars. And 0:14:25.040 --> 0:14:27.560 I know they're risk free because, as I said, the 0:14:27.560 --> 0:14:31.040 government would never default on that. Well, a lot of 0:14:31.040 --> 0:14:34.120 people didn't really think about until a week ago that 0:14:34.840 --> 0:14:39.240 the government might actually seize it, like freeze your bank 0:14:39.240 --> 0:14:40.520 account and not give it back to you. And so 0:14:40.520 --> 0:14:42.760 that's exactly what he said. He said that Posar marks 0:14:42.800 --> 0:14:45.480 the end of the current monetary regime as the day 0:14:45.560 --> 0:14:49.200 the G seven nations G seven is the seventh largest 0:14:49.280 --> 0:14:51.320 nations in the world, as the day the G seven 0:14:51.400 --> 0:14:55.920 nations seized Russia's foreign exchange reserves. Following the latter's invasion 0:14:56.000 --> 0:14:59.600 of Ukraine. What had previously been thought of as a 0:14:59.720 --> 0:15:04.760 risk free became a risk free no more as non 0:15:04.760 --> 0:15:09.600 existent credit risk was instantly substituted for a very real 0:15:09.880 --> 0:15:13.200 confiscation risk. So a lot of people like I said, 0:15:13.200 --> 0:15:15.080 I thought, well, I'm never gonna lose this money because 0:15:15.080 --> 0:15:17.760 I know the the U s would just print more 0:15:17.800 --> 0:15:19.600 money to give it to me. So it's a risk free. 0:15:19.880 --> 0:15:23.640 But what nobody accounted for is that the government would 0:15:23.640 --> 0:15:28.000 actually just steal it from you. And that's exactly what happened. 0:15:28.440 --> 0:15:31.200 UM very real risk because it just happened. Now we 0:15:31.240 --> 0:15:34.360 just saw we saw them um stealing money, freezing money 0:15:34.600 --> 0:15:37.320 from Canadians and truckers and people that donated to that. 0:15:37.560 --> 0:15:40.640 But then it happened to Russia, and that just pushed 0:15:40.640 --> 0:15:44.560 the US into are not the US the world into 0:15:44.560 --> 0:15:47.800 a brand new monetary system. He says, what occurred surely 0:15:47.840 --> 0:15:51.280 isn't lost on China, and Posar sees the People's Bank 0:15:51.320 --> 0:15:55.320 of China the PBOC, faced with two alternatives to protect 0:15:55.320 --> 0:15:59.880 its interests. What's China gonna do? They have two alternatives. 0:16:00.120 --> 0:16:05.600 One either sell treasury bonds to buy Russian commodities or 0:16:05.760 --> 0:16:08.320 do its own quantitative easing, which is to print their 0:16:08.320 --> 0:16:12.080 own currency to buy Russian commodities. What should they do? 0:16:12.400 --> 0:16:15.080 Should they sell their US treasury bonds dump them into 0:16:15.120 --> 0:16:17.840 the market, which would not be good for the United States. 0:16:17.960 --> 0:16:20.080 Let's just say that it wouldn't actually be that good 0:16:20.080 --> 0:16:21.920 for China either. If they dumped them out of the market, 0:16:21.920 --> 0:16:24.120 they became worthless. They'd also kind of be shooting themselves 0:16:24.160 --> 0:16:28.040 in the foot. Or they can print their own currency 0:16:28.040 --> 0:16:31.040 to buy Russian commodities. But either way, what he's saying 0:16:31.560 --> 0:16:34.400 is that they want to get out of the treasury 0:16:34.400 --> 0:16:37.960 bonds and buy Russian commodities again. Their their oil, their 0:16:38.040 --> 0:16:43.160 natural gas, their their minerals like nickel, steel, etcetera. Um. 0:16:43.240 --> 0:16:47.600 He says, Posar expects both scenarios to mean higher yields 0:16:47.640 --> 0:16:52.680 and higher inflation in the West. Posar concluded his note 0:16:52.680 --> 0:16:56.440 with a comment about bitcoin, saying he expects it u 0:16:56.920 --> 0:17:01.360 to benefit, but only if it quote still exists. Well, 0:17:01.360 --> 0:17:04.960 we know that bitcoin can't be killed. A government may 0:17:05.000 --> 0:17:07.280 may try to ban it and make it where you 0:17:07.359 --> 0:17:10.560 can't use it, but they can't stop it. And so 0:17:10.640 --> 0:17:14.000 since it will still exist, then he expects it to benefit. 0:17:14.280 --> 0:17:17.240 So Bitcoin being a big beneficiary of this UM. And 0:17:17.359 --> 0:17:20.720 the risk is the dollar. The dollar is gonna be dying. Um. 0:17:20.800 --> 0:17:22.560 And when I say it's dying, it means it's going 0:17:22.600 --> 0:17:25.920 to continue to lose purchasing power, which means inflation. Means 0:17:25.960 --> 0:17:29.080 prices are going up. So expect gases to go up, 0:17:29.280 --> 0:17:31.720 expect food to go up, expect your dollar to go down, 0:17:31.760 --> 0:17:34.640 and expect bitcoin to do better. That's what Posar said. Um, 0:17:35.040 --> 0:17:37.040 you're listening to the Markma Show. We're talking about the 0:17:37.080 --> 0:17:39.960 intersection of politics, finance, and technology. We're talking about the 0:17:40.000 --> 0:17:45.680 decentralized revolution. We're looking at it from a geo political scale. Now, Um, 0:17:45.720 --> 0:17:47.600 this is only the tip of the iceberg. I want 0:17:47.600 --> 0:17:50.840 to talk about something so much bigger when I get back, UM, 0:17:50.880 --> 0:17:52.919 a lot more to go. Don't go away. I'll be 0:17:53.000 --> 0:17:55.320 right back. All right, welcome back. You're listening to the 0:17:55.320 --> 0:17:58.720 Mark Moa Show, and we're talking about talking about the 0:17:58.720 --> 0:18:00.679 world changing right before A very yes, of course, we 0:18:00.680 --> 0:18:03.240 talked about each and every week, the decentralized revolution. We're 0:18:03.240 --> 0:18:06.040 talking about the intersection of politics, finance, and technology. We're 0:18:06.040 --> 0:18:10.040 talking about the way this is changing the world. Now, Um, 0:18:10.280 --> 0:18:12.399 if you're not paying attention, you get caught off sides, 0:18:12.560 --> 0:18:14.639 it could be very bad for you. And if you 0:18:14.680 --> 0:18:17.520 are paying attention and you're prepared, it could be very 0:18:17.640 --> 0:18:19.760 good for you. Now it depends on depending on which 0:18:19.760 --> 0:18:22.199 side you end up on. Its entirely up to you. 0:18:22.400 --> 0:18:25.159 Now you're doing the most important step, which is listening 0:18:25.200 --> 0:18:27.400 to me, talking to you, trying to give you the 0:18:27.400 --> 0:18:29.480 the education. I'm trying to give you the insight, the 0:18:29.520 --> 0:18:31.359 perspective that you need to make sense of all this 0:18:31.440 --> 0:18:37.119 because it is a it's a rapidly moving situation. And 0:18:37.200 --> 0:18:39.560 we speak now. I was talking about before the break, 0:18:40.880 --> 0:18:44.679 a previous Fed and Federal Reserve and Treasury insider result 0:18:44.800 --> 0:18:49.320 on Um was talking about how the entire global financial 0:18:49.400 --> 0:18:51.760 system just got reset right before various it happened in 0:18:53.480 --> 0:18:55.680 under the BRETA. Wood Agreement, happened in nineteen one when 0:18:55.720 --> 0:19:01.760 President Richard Nixon severed the entire world from the gold system, 0:19:01.800 --> 0:19:04.320 and for the last fifty years it's been a free 0:19:04.359 --> 0:19:08.760 floating fiat money um system based off of U S treasuries. 0:19:10.119 --> 0:19:13.680 But the United States decided to torpedo, send a torpedo 0:19:13.800 --> 0:19:17.399 right into their hold, their stranglehold on their world's reserve 0:19:17.440 --> 0:19:22.560 system when they decided to steal Russia's money. You know, 0:19:22.800 --> 0:19:26.760 um I talked about this on my YouTube channel, Mark Moss, 0:19:26.960 --> 0:19:30.639 and um I got comments like, oh, Mark, you're like 0:19:30.680 --> 0:19:34.080 our You're a Russian asset. You're promoting Russia, And I mean, 0:19:34.080 --> 0:19:37.040 that couldn't be anything further from the truth. I'm certainly 0:19:37.040 --> 0:19:42.080 not doing that. But when you try to weaponize the 0:19:42.200 --> 0:19:46.600 US dollar, Um, you know, things happen. As I talked 0:19:46.600 --> 0:19:48.439 about all the time. You can choose to ignore reality, 0:19:48.440 --> 0:19:51.360 but you can't ignore the consequences of reality. So when 0:19:51.359 --> 0:19:54.560 you weaponize the dollar and you turn it against sovereign 0:19:54.640 --> 0:19:56.560 nations and you steal their money, when you when you 0:19:56.640 --> 0:19:58.840 turn it against people and steal their money, there's gonna 0:19:58.880 --> 0:20:04.040 be a reaction. I'm not saying I'm for that, but 0:20:04.160 --> 0:20:06.200 what do you expect the truckers in Canada Russia to do. 0:20:06.280 --> 0:20:08.200 I mean they're gonna go shrivel up in a hole 0:20:08.200 --> 0:20:09.840 and die. No, I mean they're gonna continue to figure 0:20:09.840 --> 0:20:13.600 out a way to work outside of the dollar system. 0:20:13.640 --> 0:20:17.280 And so, UM, you know, I'm certainly not a Russian 0:20:17.280 --> 0:20:20.000 asset or or I'm certainly not encouraging Russia to go 0:20:20.080 --> 0:20:21.920 to war. I certainly am not a fan of war, 0:20:22.040 --> 0:20:25.000 nor do I want to see anybody hurt with violence 0:20:25.080 --> 0:20:28.520 or death through war. Um. But it's it's important to 0:20:28.600 --> 0:20:30.480 understand what's going on because, like I said, this has 0:20:30.640 --> 0:20:33.119 massive implications for the way that the world financial system 0:20:33.200 --> 0:20:36.200 changes and something that I've been talking about even bigger 0:20:36.200 --> 0:20:39.320 than that. Um. I made a video on my tube 0:20:39.400 --> 0:20:42.720 channel and was like, um, the first thing that is 0:20:42.840 --> 0:20:46.240 lost in war, and the first thing that's lost in 0:20:46.320 --> 0:20:51.440 war is truth. And when truth is lost, we lose trust. 0:20:52.640 --> 0:20:55.480 And the thing with trust is that once trust is gone, 0:20:55.680 --> 0:20:58.199 like it just doesn't come back. If you've ever had 0:20:58.200 --> 0:21:00.800 a situation where a business partner or a spouse or 0:21:00.840 --> 0:21:03.720 something like that, uh, you might know what I'm talking about. 0:21:04.320 --> 0:21:06.960 And and in the beginning, there's like this doubt, right, 0:21:07.040 --> 0:21:09.720 and maybe maybe you're scared of this finding out the reality. 0:21:09.760 --> 0:21:11.639 But once you find out the bad news and the 0:21:11.680 --> 0:21:15.880 trust is gone, it's gone. And that's exactly what we're 0:21:15.880 --> 0:21:18.280 seeing happen all over the world. Right So, when the 0:21:18.359 --> 0:21:22.600 United States seized Russia's bank accounts, it was supposed to 0:21:22.600 --> 0:21:26.400 be a risk free asset. Um, it showed the world 0:21:26.480 --> 0:21:30.920 they can't trust the United States. Now you could just say, well, 0:21:31.160 --> 0:21:32.920 but that's because Russia was a bad actor, and as 0:21:32.920 --> 0:21:34.840 long as the rest of the world doesn't act in 0:21:34.880 --> 0:21:38.240 bad faith, they don't have to worry about it. Right. Well, 0:21:38.280 --> 0:21:41.440 you could say the same thing about the Canadian truckers 0:21:41.440 --> 0:21:44.120 when the single mother gave fifty bucks to the trucker campaign. 0:21:44.200 --> 0:21:47.080 At the time when she gave that it was perfectly 0:21:47.480 --> 0:21:51.280